Guiding Investors Through The Market, Starbucks Interim CEO & Costco CEO 9/13/22

Mad Money w/ Jim Cramer

CNBC

News, Investing, Business

4.3 • 4K Ratings

🗓️ 13 September 2022

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Stocks plummeted after a hotter-than-expected CPI sent a flurry of fear throughout the market, with the Dow falling over 1,200 points, the S&P losing 178 points, and the Nasdaq sinking more than 5%. Jim Cramer may be on the West Coast, but he's still here to help investors understand today's downturn on Wall Street and manage their portfolios through the turbulence. Then, Starbucks founder and interim CEO Howard Schultz joins Cramer fresh off the company's Investor Day to share more about the leadership transition to incoming CEO Laxman Narasimhan, growth targets, employee unionization and more. Plus, as inflation continues to hit consumers, Cramer sits down with Costco CEO Craig Jelinek. 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.
0:04.0	I'm here to level the playing field for all investors.
0:08.0	There's always a more market summer, and I promise to help you find it.
0:12.0	Man money starts now!
0:14.0	Hey, I'm Kramer.
0:22.0	Welcome to a special Seattle edition of Man Money from Starbucks World Headquarters.
0:28.0	To my friends, I'm just trying to save you a little money.
0:31.0	My job is to entertain, but to put things like this in context.
0:35.0	So call me at 1-107-3CBC, or tweet me at Jim Kramer.
0:39.0	Let me think.
0:41.0	Heds the Bears win!
0:43.0	Tails the bulls loose!
0:46.0	Wasn't that today's miserable setup?
0:49.0	And it drives me nuts, because it is a false construct created by the media and timid money managers.
0:55.0	It's something to a ceiling cauldron of negativity that's sensitive to plunging 1,276 points.
1:02.0	That's me plumbing 4.3% of the money.
1:06.0	And the NASDAQ news on your 5.16.
1:09.0	That was the biggest declines of 2020.
1:12.0	As people flood the stock market for green or bond passers, or frankly, just play no cash.
1:17.0	Look, I cannot blame anyone for panicking after we got still one more red-hot consumer price index number.
1:24.0	Showing that non-commodity inflation has yet to be.
1:28.0	Look, I know it was horrendous day.
	...

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