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Mad Money w/ Jim Cramer

Airbnb CEO, GXO Logistics CEO, & Arista Networks CEO 8/2/22

Mad Money w/ Jim Cramer

CNBC

News, Investing, Business

4.34K Ratings

🗓️ 2 August 2022

⏱️ 44 minutes

🧾️ Download transcript

Summary

The Dow fell 402 points, while the S&P and Nasdaq faced another day of losses, and Jim Cramer is breaking down what today's turn in the market means for your money. Then, fresh off earnings, Airbnb CEO Brian Chesky breaks down the quarter's key metrics, record breaking 2Q revenue, and how summer vacations and the continuing ramp up in post-pandemic travel is impacting the current quarter. Next, GXO Logistics CEO Malcolm Wilson sits down with Cramer to dig deeper into how the company is faring a year after spinning off of XPO Logistics and coming public. Plus, Arista Networks CEO Jayshree Ullal. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0

My mission is simple to make you money.

0:04.0

I'm here to level the playing field for all investors.

0:08.0

There's always a more market somewhere,

0:10.0

and I promise to help you find it.

0:12.0

Man money starts now.

0:17.0

Hey, I'm Kramer.

0:18.0

Welcome to Man of Money.

0:19.0

Welcome to Kramer, America.

0:20.0

A building right, friends, I'm just trying to save you some money.

0:23.0

My job is not just to entertain you, but to educate and teach you.

0:26.0

So call me at 1-800-743-C or Tweet me at Jim Kramer.

0:30.0

I get it.

0:32.0

It's easy to get overwhelmed by the chorus of people claiming there's been no end to inflation.

0:38.0

The majority of inflation's raging like a fire rolling up the man-gold cannon.

0:44.0

I've never seen such a powerful negative consensus among commentators, fed governors, and hedge fund managers.

0:51.0

They think the feds done nothing to slow the economy and inflation's burning through the very fabric of our country.

0:57.0

They describe we need more tightening to slay the dragon.

1:01.0

Make sure you want to blindly accept the idea that we're headed for a bitter recession.

1:07.0

Because this is the only way the Fed can get the situation under control.

1:11.0

The main reason why the average is ultimately rolled over this session,

1:14.0

Dow plunging four and two points,

1:16.0

as it be seeking points, 6-7%, and an asset declining point, 1-6%.

...

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