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

CMEC Investing Club warning meeting.

Jim, we've pointed out before a lot of consumer-oriented stocks have been going down.

We would like to see some jobs data to kind of give it, make us feel a little bit better about the health of the labor market.

But at least we got ADP this morning.

Private employers added 42,000 jobs in October.

Better than the 30,000 gain expected.

And it's a nice turnaround from September's losses.

We are kind of flying blind here without data due to the shutdown,

but at least some encouragement there, I would think. Yeah, look, I also think that there are

companies that are taking action. When I speak to McDonald's, they're very well-in company,

and they realize they had to cut price. Most guys won't cut price. COVID didn't cut price.

Chipotle didn't cut price. McDonald's cut price, the stock does it well. I think the companies

that take action, a company like lemonade, which is cutting the price for insurance. I think

that's rather remarkable. That's been one of the stickiest most, you know, really something that's been

intransigent. Carvana cut price for used cars. We're getting

some bargains in response that I think are going to drive the CPI lower. So I think that once

tariffs, if you view them as one time only, work through the system, I think, look, Jeff,

I think there's going to be a lot to like. But that's such a full review that I'm espousing and we're trying to do it tonight on the show that I don't think anyone's buying it yet. But when you speak to McDonald's, they are joyous. They realize they lowered price and it's working. I hope that Starbucks does lower price. I know they've got a less pricey offering, but if they're going to get their stock above 85, 90, they got

a cut price.

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