Columbia Sportswear CEO, Smarties Co-President, & The State Of The Consumer

Mad Money w/ Jim Cramer

CNBC

News, Investing, Business

4.3 • 4K Ratings

🗓️ 31 October 2019

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Dow closed down 140 points today and Cramer’s digging into the headlines and making sense of today’s declines. Then, did you know Jim Cramer eats Smarties every day? In honor of Halloween, Cramer’s sitting down with Smarties Co-President to learn more about the company’s 70-year history. And, down over 3% after earnings, Cramer’s drilling into Columbia Sportswear’s quarter with its CEO to see if the stock can get back in favor in the Wall Street fashion show. Plus, Cramer’s reading the pulse of the consumer with Eurazeo Brands’ managing director, Adrianne Shapira, and learning more about the company’s latest investment, a minority stake in Herschel Supply Co.

Transcript

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0:00.0	My mission is simple to make you money.
0:04.0	I'm here to level the playing field for all investors.
0:08.0	There's always a more market somewhere and I promise to help you find it.
0:12.0	Man money starts now!
0:18.0	Hey, I'm Crainer! Welcome to Man Money!
0:20.0	Welcome to Kraemerica. Welcome to Trick or Treat.
0:24.0	My job is not just entertaining you but to educate and teach you.
0:28.0	At 1-800-743-CBC or Tweet Me at Jim Kraemer.
0:36.0	Hold on a second! You don't go from fabulous to horrible overnight!
0:40.0	We don't suddenly doubt the entire edifice of a strong consumer only, only on Halloween!
0:46.0	Would anyone accept the trick that we're about to go into recession?
0:52.0	Because of weak numbers and more negative trade talk.
0:54.0	Rather than the Tweet of good earnings and low interest rates.
0:58.0	You know what I'm saying today when we get some salt manufacturing data,
1:02.0	we do believe the worst is yet to come.
1:04.0	Something that may be exacerbated by the so-called trade stalemate.
1:06.0	And that's why the Dow sank 140 points.
1:08.0	S&P lost.
1:10.0	Point for your upper set.
1:12.0	Now, second down point.
1:14.0	One point to mark those down far more than that.
1:16.0	I think it's a big mistake to panic here.
	...

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