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

CNBC Investing Club warning meeting.

I've got to tell you, I have a kind of crazy feeling about today, and the reason I do is

because we have the tenure under four, and that means that people are reacting to these,

a company like a Wayfair, they're not doing that well, a company like McDonald's not doing a Wayfarer, that's not doing that well.

Company like McDonald's not doing that well.

The overall sense that the discretionary category

is doing very, very poorly.

And I think that's what's controlling the tenure.

And I don't want to see that.

I think it's because the Fed didn't cut yesterday. No, they did not.

They did signal cuts in September.

Sounds like it is on the table.

They're watching inflation data and the job data and we'll get a jobs number tomorrow as well.

But yeah, it's a give back to we had a very big move yesterday, especially in the semiconductors,

NVIDIA, Broadcom, both were a double-digit percentage.

So a big move there.

And obviously, meta is the star of what's happening today.

Without meta, it would be a much different market.

Yes, it would be.

Now, meta, one of the things that's very exciting about it, it's the first time I have read about what's going to happen in the future. 25 is a roadmap, 25 and 26, kind of took off the table of the idea, well, what are we doing this? And the idea is, is that right now, if you're an advertiser, you can go to them and they'll tell you where your ad should be.

You'll argue and then they'll say, okay, I don't know. Right at this very moment, the advertisers are recognizing that Mark has a better view where the ad should be than you. So you just say, listen, here's my copy, I want this inserted, blah, blah, blah. Now, he says next year, you'll just say, look, I want an ad. Yeah, it'll be better done by them than you.

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