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

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

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

Now, once again, I want to start with the macro,

just because macro could derail us on any given day,

but once again, PPI is good.

Yep.

And so you sit there and you say, wait a second,

I thought what we were most worried about is the run,

the tenure going much higher,

maybe going to where it was in 1999. It's just not happening. Yeah, it seems to take July off

the table in terms of a rate hike. Now, of course, oil back at 80 would love to see that go down,

but you'll need to see some type of resolution in the war to the Strait of

Hormuz. Is it a blockade? Is it direct investments in the U.S. from the Gulf States? What's

exactly happening there? The direct investment would be invidia, just, you know, because that's

what they need to be able to do the high-end computing. In. In the same way there was room yesterday at Invidian with China.

I don't know.

Yeah, a trivial amount of H-200s.

Right, right.

Invidio and Nvidia because we need sovereign states like the Mid-East contract,

but we also need to see people saying, you know what, it's worth it to own these.

I don't need that to go to Broadcom.

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