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. We got the decision from the

Supreme Court. Obviously, if you own companies like retailers, as we do, you're going to have

and Nike, got to be excited because the court struck down the reciprocal tariffs. But before I go

further, I want to say that the market is circumspect about how much

this is going to end up really scrapping the tariffs.

Sure, and that's why some of these stocks aren't up even more.

We've heard the administration say before they can get creative to find ways to put on levees. So look, we'll have to see,

we'll have to dig through the decision even further. I mean, it just came out as we were walking

down here. But at least for today, yes, a positive impact. Nike, they've said on their earnings

call it's a $1.5 billion annualized hit

from the tariff. So just a big boost to profits. It's one of the biggest. I mean, Gap

is big and Ralph Lauren is big, Caterpillar's Two Bill, but on what I would call the most concentrated

negative tariff company is this one. Yeah. And so this is the one to buy.

I mean, Home Depot, Amazon, it's a really long list. Anything with big exposure. Well, the president's

not available right now to be able to say it's all nonsense. I think when he does, you've got to be

ready for a hit. So don't get greedy here if you're a trader.

Yeah. And this, by the way, this news sent the market higher. We were dealing with a lower market in the pre-market trading, some disappointing economic data, whether it's a PCE index

a little warm, GDP Q4, well below expectations, 1.4%. PMI is a little bit below estimates as well.

Carl was portraying it as that horrible stagflation, you know, slow growth with higher inflation.

I think that's too harsh. We know that the government shut down, hurt the growth.

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