Constellation Brands CEO, Gary Cohn & Catching Up On The Packaged Food Stocks 6/30/22

Mad Money w/ Jim Cramer

CNBC

News, Investing, Business

4.3 • 4K Ratings

🗓️ 30 June 2022

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

All three major averages fell to close out the month, and Jim Cramer is guiding you through today's downturn with a focus on inflation. First, Constellation Brands CEO Bill Newlands joins Cramer to discuss the company’s quarter, including its lowered guidance, and how their pricing power is being impacted by inflation. Then, Cramer is taking a look a the packaged food stocks and examining how inflation and rate hikes have taken a bite of their earnings. Plus, Cramer’s going one-on-one with Former National Economic Council Director Gary Cohn to talk more about the CHIPS Act and domestic semiconductor manufacturing. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

Click on a timestamp to play from that location

0:00.0	CNBC's Workforce Executive Council is a premier group of C-suite human resources
0:05.9	executives from leading companies across the country. It offers a members-only
0:11.0	portal and chat plus exclusive industry content with access to breaking news
0:16.0	calls and digital networking experiences. The network and resources HR leaders
0:21.6	need now. Apply to the Workforce Executive Council at CNBCCouncils.com slash
0:28.4	WEC.
1:28.4	Today where the Dell was 254 points, SMB2Cline.8% and the Nasak shit 1.3%
1:34.8	capital of the worst first half since 1970. We are not...
1:39.4	crypto's been even worse. It leads the stock market down to it turns out to be
1:44.9	it's the proverbial tail that wags the dog. Now I know miserable stock owners love
1:52.6	company but this crypto decline is the mother of all miseries and I think it's a
1:56.7	fitting code to a horrendous quarter that cryptocurrencies of all kinds are still
2:00.8	cascading with no real bottom in sight. I'm picking crypto to start tonight you
2:05.5	know you should not do that because it's the opposite of a stable storehold of
2:09.2	value as this promoter is always claimed and for time I believed. Instead crypto
2:15.2	currency is the last bastion of rampant speculation something at the
2:19.4	Federal Reserve is trying to wipe out in order to attain inflation. We know that
2:24.0	last time I remember the Federal clear war against anything that causes inflation.
2:27.1	They stepped up their campaign but we still got lots of inflation out there. We
2:31.2	have wage inflation, retail inflation, commodity inflation, housing inflation,
2:34.6	transportation inflation and of course financial inflation also known as
2:37.8	speculation. With the obvious slowdown in the economy one that is the land
	...

Please login to see the full transcript.

Previous episode | Next episode

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.