Banks & Interest Rates, The Four Camps & Ferguson CEO 6/16/22

Mad Money w/ Jim Cramer

CNBC

News, Investing, Business

4.3 • 4K Ratings

🗓️ 16 June 2022

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The Dow dropped more than 700 points, with the S&P and Nasdaq also plunging, and Jim Cramer is helping you understand the importance of the Fed’s rate hike to the major averages. First, he's explaining why investors might want to buy into the bank stocks as the central bank raises rates. Then, Cramer gives his opinion on the four most important things to consider when trying to understand the rate hike cycle. Plus, Cramer goes one-on-one with Ferguson CEO Kevin Murphy to learn more about the state of the housing market. 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.
0:05.0	I'm here to level the playing field for all investors.
0:08.0	There's always a more work at Summer
0:10.0	and I promised to help you find it.
0:12.0	Man money starts now.
0:19.0	Hey, I'm Kramer.
0:21.0	Welcome to Man Money.
0:22.0	Welcome to Kramer America.
0:23.0	I do want to make friends.
0:24.0	I'm just trying to save you some money.
0:26.0	My job is not just to teach,
0:28.0	but to entertain, educate, call me, 1-800-743-CMC.
0:32.0	Of course, tweet me at Jim Kramer.
0:34.0	Slow down!
0:36.0	No, I'm not talking about my speaking slower.
0:38.0	Not going to happen.
0:39.0	Or a Fed band data slow down.
0:41.0	I'm talking about the speed of events,
0:43.0	which is happening way too fast.
0:45.0	The parade of negative news is sending stocks lower
0:47.0	with an unbelievable velocity, like today,
0:49.0	where the Dow plunge 741 points,
	...

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