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Mad Money w/ Jim Cramer

CNBC Special: Inflation & Your Stocks 05/23/22

Mad Money w/ Jim Cramer

CNBC

News, Investing, Business

4.34K Ratings

🗓️ 23 May 2022

⏱️ 45 minutes

🧾️ Download transcript

Summary

Inflation is at the highest level in over 40 years. It’s been a drag on markets, with the Dow doing something it hasn’t done in over 100 years – down eight weeks in a row. Averages closed higher today, trying to recover from last weeks sharp selloff. Investors are searching for footing as the tide of inflation rises, leaving no sector untouched. CNBC’s Becky Quick spoke with CEO’s who are being effected by inflation headwinds including the CEO’s of Papa John’s and Angi. Plus, the oracle of oil, Rusty Brazil and the retail washout with expert Matt Boss. 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

Welcome to our CNBC Special Inflation in your stocks.

0:11.7

I'm Becky Quick.

0:12.7

Jim Kramer is off tonight.

0:14.7

The market facing down an adversary of old and a formidable one at that, inflation

0:19.4

at the highest levels in over 40 years.

0:21.6

It's been a big drag in the markets.

0:23.6

With the Dow doing something, it hasn't done in almost 100 years.

0:27.2

And that's being down eight weeks in a row.

0:28.7

It hasn't done that since all the way back to 1923.

0:32.6

If you're looking at the major averages, they did close higher today, trying to recover

0:36.6

from last week's sharp sell-off investors at this point searching for footing as the

0:40.5

tide of inflation rises, leaving no sector untouched.

0:43.7

Tonight, we look for safe havens and solutions ahead.

0:47.0

You'll be hearing from companies staring down inflation headwinds, including the CEOs

0:50.8

of Papa Johns and Angie.

0:52.6

We're going to tackle the retail washout with expert Matt Boss and put energy and focus

0:57.4

with the Oracle of Oil, Rusty, Brazil.

1:00.5

Opportunity abounds even when your portfolio is under pressure, so let's get started.

1:04.1

We're going to kick things off to tight with today's news.

1:07.2

Economists lowering their growth forecast.

1:09.5

Companies are struggling with that inflation too, but economists at this point don't see

1:13.0

a recession.

...

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