Jim Kramer here to share with you a sample of my take on the market from today's

CNBC Investing Club warning meeting.

We were talking off camera.

Interest rates keep going higher.

That's going to be negative for our stock market.

It's troublesome.

You saw the 10-year hit around 4-5 overnight, came back down, futures look better, now it's back there again.

It's still unclear exactly what's going on, but you have to be mindful of it because it just makes everything cost more.

Right.

And it costs more, which is not good for the economy.

Right.

And given the fact that the PPI was mild, I was hoping that interest rates would actually go down today, as it is, Larry Fink from BlackRock, who did a very good job for a quarter for our stock, was saying that the tariffs could add $25,000 to a home. That is going the wrong. You look at it? I mean, the stock should be up. And that's the buying that the Fed is in, right? We did have a cooler CPI. Yes, J cooler PPI, but we don't really have the true impact yet of the tariffs. No, we don't. Now, latest on trade, you do have China retaliate. They go to 125% from 84. So that's the end of trade with China. Correct. 438 billion dollars and it's done.

Yeah, I mean, look, you're seeing companies like five below. They're asking vendors to turn away

products from China due to higher tariffs. Tesla reportedly stops taking orders in China for EVs

imported from the U.S. And then China also, you know, they're clarifying tariffs on semiconductor

chips based on where they're manufactured, not shipped from, so it's a negative for U.S.

fabs like Intel or Texas Instruments.

And by the way, let's not forget that the president is no friend of Apple.

Even though Apple pledged $550 billion here, they still make

most of their phones in China.

And the policy is to get out of China.

You've got to get out of China unless you're going to lose the support of the president.

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