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Mad Money w/ Jim Cramer

Fed Pauses, Confluent CEO & Bowlero CEO 6/14/23

Mad Money w/ Jim Cramer

CNBC

News, Investing, Business

4.34K Ratings

🗓️ 14 June 2023

⏱️ 45 minutes

🧾️ Download transcript

Summary

The Dow fell, snapping a 6-day win streak, while the S&P and Nasdaq rose, and Jim Cramer is breaking down all the action - first, he's taking a closer look at how today's pause from the Federal Reserve shifted the market and how investors should approach it. Then, Cramer dove into Confluent last week and wanted more on the story - CEO Jay Kreps sits down with Cramer to share more about what the data company does and its applications. Plus, Cramer's exclusive with Bowlero CEO Tom Shannon. Mad Money Disclaimer

Transcript

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0:00.0

My mission is simple to make you money.

0:05.0

I'm here to level the playing field for all investors.

0:08.4

There's always a little more kids somewhere and I promise to help you find it.

0:12.2

Man money starts now.

0:14.2

Hey, I'm Kramer.

0:18.0

Welcome to Man Money.

0:19.0

Welcome to Kramer America.

0:20.0

I'll do one of my friends.

0:21.0

I'm just trying to make a little money.

0:22.8

My job is not just entertained but to put it all in context.

0:25.4

So call me at 1-800-743-CMBC or tweet me at Jim Kramer.

0:29.6

Now, I think if the darn Federal Reserve was so worried about inflation, they were so convinced

0:34.4

that the economy is still running way too hot.

0:37.1

And what was the point of not raising interest rates today?

0:40.3

I found their statement after they held their meeting quite badly and mystifying even.

0:44.4

Why would they tell so many people, including journalists, they were going to pause because

0:49.2

maybe we didn't need rate hikes when it sure does it sound like they believe in a pause.

0:54.4

As Nike would tell you, just do it.

0:56.8

And this is how you get a roller coaster session.

1:00.2

Where things look rosy and then the state becomes out for the Fed and the market plummetes,

1:04.4

ultimately Dow finishing down to an at thirty-three points.

1:06.8

S&P, which also fell hard, ultimately rebounded from its lows, finishing up point 08% and the

...

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