Cramer's Morning Take: Dead Ceiling Deadline 5/15/23
Squawk on the Street
CNBC
4.1 • 567 Ratings
🗓️ 15 May 2023
⏱️ 3 minutes
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| 0:00.0 | Jim Kramer here to share with you a sample of my take on the market from today's |
| 0:06.7 | CNBC Investing Club Morning Meeting. |
| 0:09.0 | Jeff, I gotta tell you, sometimes you write these pieces and you're proud of yourself. |
| 0:13.2 | I did a piece about pop and about how pricing isn't what the, what the CPI really is, |
| 0:19.7 | that they're not getting the pricing right. |
| 0:21.6 | They're not looking at what Costco's doing, not looking what Amazon's doing, and they're |
| 0:25.6 | basing their decisions based on false data or data that is old, which suggests to me that |
| 0:31.6 | the CPI's actually adjusted lower than people think, so therefore we're further along the tightening cycle. |
| 0:36.6 | Right, you were focused on apparel. Apparel was up slightly in the CPI report last week, |
| 0:42.2 | but you could extend that out to other categories where you were going with that. |
| 0:46.4 | You have to also think about the bigger picture, right? Innovation that comes, whether it's through |
| 0:50.7 | something like a chippy that Chipie that Chipotle rolled out or perhaps some AI. |
| 0:56.2 | Right. |
| 0:56.4 | I mean, I was involved with the Wendy situation. |
| 0:58.4 | My friend Michelle Cruz-Cabrera is on the board. |
| 1:00.5 | My friend Nelson Peltz is the head of it. |
| 1:03.5 | And we were all talking about the possibility of using AI to replace someone who answers on the drive-through because a lot of immigrants can't |
| 1:13.6 | speak English as well as we'd like. They're intimidated, but the AI understands 28 languages. |
| 1:21.6 | And this is tech being a deflationary force. |
| 1:23.6 | Yes. |
| 1:24.6 | Perhaps something to why you should always look ahead to things and not necessarily, |
| 1:29.2 | especially now that we've made a lot of progress on inflation. |
... |
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