Doordash CEO, Roblox CEO, Avnet CEO & Cramer’s Inflation Explanation

Mad Money w/ Jim Cramer

CNBC

News, Investing, Business

4.4 • 3.9K Ratings

🗓️ 10 November 2021

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Dow, S&P and Nasdaq all pulled back today and Jim Cramer’s telling you what you need to know about inflation in this market. Then, DoorDash CEO Tony Xu delivers the details of his company’s recent quarter while the market sorts out what to do with COVID stocks as the pandemic fades. Next, Roblox CEO David Baszucki stops by after the stock surged 42% today. Then, Avnet CEO Phil Gallagher breaks down his strategy spearheading one of the world's leading technology distributors and solutions providers though the supply chain jam. Plus, Cramer shares his thoughts on the GE split.

Transcript

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0:00.0	My mission is simple to make you money.
0:04.0	I'm here to level the playing field for all investors.
0:08.0	There's always a little work at Summer,
0:10.0	and I promised to help you find it.
0:12.0	Man money starts now.
0:16.0	Hey, I'm Kramer.
0:18.0	Welcome to Man Money.
0:19.0	Welcome to Kramer, America.
0:20.0	I'll be one of my friends, but it's trying to make some money.
0:22.0	My job is not just to entertain, but to educate and teach you.
0:24.0	So call me at 1-800-743-C-MBC, or tweet me at Jim Kramer.
0:28.0	Professional money managers, you know what they hate being?
0:32.0	They hate being confused.
0:38.0	They would rather be emphatically wrong than acknowledge they don't know what to do in it.
0:42.0	What's going on?
0:44.0	So the pros of all sorts of toe-to-toes to help navigate confusing situations.
0:46.0	Think of it as a playbook, and they're constantly consulting the playbook with days like today.
0:50.0	We're the Dow lost 112 points.
0:52.0	S would be the climb point 35%.
0:54.0	Now it's not dropped to 0.60%, and a lot of those real high flyers got crushed.
0:58.0	For example, when inflation ranges, the first thing you're supposed to do is sell US treasures.
1:04.0	Second, you sell stocks with high price earnings,
	...

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