meta_pixel
Tapesearch Logo
Log in
Squawk on the Street

CNBC Investing Club: Cramer’s Morning Take on Blue Owl Capital 3/2/26

Squawk on the Street

CNBC

News, Investing, Business

4.0566 Ratings

🗓️ 2 March 2026

⏱️ 4 minutes

🧾️ Download transcript

Summary

Cramer breaks down the Club’s strategy as markets react to Iran strikes. Become an Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks every day as they talk candidly about the market’s biggest headlines, analyst calls and holdings in the Charitable Trust – and see up close how they decide when, and if, to take action on stocks. Sign up here: cnbc.com/morningtake CNBC Investing Club Disclaimer

Transcript

Click on a timestamp to play from that location

0:00.0

Jim Kramer here to share a short preview of my take on the market from today's

0:06.5

members-only CNBC Investing Club morning meeting. Join the club for full access to the morning

0:11.6

meeting every day at 1020 a.m. Visit cnbc.com slash morning take to sign up today. That's one word morning take.

0:23.3

If you looked at this market, Jeff, at 3.30 am like I did. It was looking down 2%. And then it

0:29.9

rallied to be down one. We tested the down. We were very ugly at the open. And then we bounce.

0:35.6

And a lot of this, I think, is that off the news that oil

0:38.9

reached a peak and came down. I don't want to be too analytical in stocks versus the war,

0:43.8

but this is very encouraging, particularly when it comes to tech. Yeah, and we've seen that linkage

0:49.6

before, an inverse linkage where when oil spikes, sign of geopolitical tension, uncertainty of what could

0:56.5

happen, inflation as a major risk, you see equities fall. So a little bit of that relationship

1:02.4

still maintaining. And also keep in mind, Friday was a really nasty day in anticipation of the

1:10.5

strikes that occurred over the weekend. So I think there

1:13.4

is some concern that maybe this could last, it could linger for, you know, four weeks they're

1:18.9

calling it. But there's also a chance that maybe not. So we'll see. I think if I were the

1:25.7

president, I would say four or five, because what are you really

1:27.9

trying to do?

1:28.9

You're trying to get the government to say, listen, we don't want to be in this war anymore. And if you said it's going to go on for the next three days, I think the government would say, okay, we'll wait out three days and then we'll attack. Sure. gave a lot of details of an imminent, imminent strike at the State of the Union last week.

1:44.3

No.

1:45.3

You know, he likes to keep some cards close to the chest.

1:47.3

Right. like he gave a lot of details of an imminent, imminent strike at the State of the Union last week. So, you know, he likes to keep some cards close to the chest.

1:47.0

Right. I mean, obviously, I think there's a lot of people who believe that we're over the hump of the worst part because, frankly, well, I mean, the leadership was wiped out.

1:56.8

Well, even so, you laid out that this is just one complexity added to a whole number of things the market's dealing with in your Sunday piece.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.