Hey, it's Kramer and this is my morning take on the market from today's

CNBC Investing Club morning meeting.

Jeff, you know we've got kind of a, what I would say a very, very big day if we pull this off.

And the reason I say that is because the big numbers, the PCE and of the PMI were cool

and weak enough that we can actually start going back and thinking that the Fed might be able to do

two cuts instead of one. And that's why the NASDAX moving up. Yeah, you know, I look, my my view on

PCE, it was, I think it was a little bit hot still,

but in line with expectations, because expectations had been moving up after CPI and PPI were hot.

44 PMI.

Yeah, no, that's, well, that's the issue, right?

That's a big question, right?

You still have perhaps some sticky

inflation with some areas of sluggish economic growth, but the job market's still really

robust, and it is a consumer economy. Right, and that to me is what matters. That's one of the

reasons why I've been saying, don't expect more than one cut, because we still have a growth market when it comes to employment.

Nothing I've seen just disputes that.

And just to be sure, remember, there's now an underground economy like we used to have before President Trump,

an underground economy of 8 to 10 million people who come to the country,

some legal, some illegal, who are now propping up the country, although they're driving up the price of rent, propping up the country because they take the jobs that had been going begging for a long time.

Just an important thing I watch because I'm a small business person in real life.

Now, I want to talk about a stock that should be up more

than it is, and that's Salesforce. It's one of our key positions. And the reason I say that

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