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Mad Money w/ Jim Cramer

Goldman Sachs CEO, Campbell Soup Company CEO & Secretary Of The Navy 11/10/22

Mad Money w/ Jim Cramer

CNBC

Investing, News, Business

4.34K Ratings

🗓️ 11 November 2022

⏱️ 45 minutes

🧾️ Download transcript

Summary

The Dow surged 1,200 points, with all three averages posting their best day since 2020, and Jim Cramer is taking a closer look at today's rally. Then, in a special Salute to Service edition of Mad Money, U.S. Secretary of the Navy Carlos del Toro sits down with Cramer to discuss the state of defense. Next, Cramer’s taking stock of Campbell’s Soup with CEO Mark Clouse and learning more how his military experience has impacted his leadership as CEO and about the company's veteran hiring programs. Plus, Cramer sits down with the Goldman Sachs CEO David Solomon. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

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.

0:08.0

There's always a more market somewhere,

0:10.0

and I promise to help you find it.

0:12.0

Man, money starts now.

0:14.0

Hey, I'm Kramer.

0:24.0

Welcome to Man Money.

0:25.0

Welcome to Kramer, Erica.

0:26.0

I'll be one of my friends.

0:28.0

I'm just trying to make you some money.

0:30.0

My job is not just to entertain,

0:32.0

but to educate, teach, and explain you why days like today can happen.

0:36.0

So call me at 1-800-743-CBC or tweet me at you, camera.

0:40.0

Turns out, get this.

0:42.0

Turns out inflation was all about logistics.

0:46.0

We caught a real break today with a much lower than expected consumer price index number.

0:51.0

And a huge part of that came down to how much it cost to get goods

0:55.0

to the consumer from here to here.

0:59.0

And that's how the Dow skyrocket 1,201 points.

1:02.0

SME served 5.5%, and then NASDAQ roared 7.35%.

1:09.0

Because lower inflation means the Fed won't need the raise interest rates

1:13.0

as aggressively as it may have thought it needed to.

...

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