Honeywell Leadership Changes, Fed Rescue Review & LyondellBasell CEO 3/14/23

Mad Money w/ Jim Cramer

CNBC

News, Investing, Business

4.3 • 4K Ratings

🗓️ 14 March 2023

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Dow rallied over 300 points as bank stocks recovered from the SVB fallout and Jim Cramer is breaking down the action. First, Honeywell announced today that President & COO Vimal Kapur will step into the role of CEO and current CEO Darius Adamczyk will move to Executive Chairman - Cramer's sitting down with both execs to find out more about the leadership change. Next, Cramer's examining the Fed, Treasury and FDIC's moves this weekend to protect SVB depositors. Plus, Cramer's exclusive with LyondellBasell CEO Peter Vanacker. 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 more market somewhere and I promise to help you find it.
0:12.4	May I have money starts now?
0:14.2	Hey, I'm Kramer.
0:18.4	Welcome to May I have money?
0:19.4	Welcome to Kramer, I'm a big friend.
0:21.4	I'm just trying to make you some money.
0:23.0	My job is not just to entertain you but to educate and teach you to call me at 1,107
0:26.9	4th 3CMBC or to tweet me at Jim Kramer.
0:29.8	If the consumer is confident, then I'm confident at least about business.
0:37.2	We are a consumption based economy in this country.
0:39.8	You have two thirds of our commerce revolves around the consumer.
0:43.5	So what matters most is whether the consumer is tapped out, fatigued, worried or just still
0:50.2	spinning or don't move or going to fight.
0:53.4	Right now you can feel the confidence, some training out of the system.
0:56.8	Even a pretty good day for the market where the Dow advanced 336 points, SMB game 1.65%
1:01.9	in the NASDAQ jumped 2.14% what a comeback from an hour before the close.
1:07.4	Lack of confidence is behind the run on this regional banks issue and don't kid yourself.
1:11.3	These are actual runs.
1:13.1	Lack of confidence is behind the big decline in retail spending.
1:16.2	Those numbers have just been awful.
	...

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