Kroger-Albertsons Merger, Wells Fargo Earnings Recap, and Bob Pisani’s New Book 10/17/22

Mad Money w/ Jim Cramer

CNBC

News, Investing, Business

4.3 • 4K Ratings

🗓️ 17 October 2022

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

Kroger’s buying Albertsons in a multi-billion dollar deal, so how will the grocery chain make the deal happen? Jim Cramer’s walking you through the details of the deal and giving you his take. Then, a deeper look into Wells Fargo’s (WFC) 3Q ‘22 earnings, with Cramer providing some insight on why the CNBC Investing Club is as bullish as ever on the big bank. Plus, CNBC’s Senior Markets Correspondent Bob Pisani joins Cramer to discuss his new book, “Shut Up and Keep Talking” and the lessons he has learned from his years of reporting from the floor of the New York Stock Exchange. 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	I'm here to level the playing field for all investors.
0:07.0	There's always a little more consumer and I promise to help you find it.
0:12.0	Man money starts now.
0:14.0	Hey, I'm Kramer.
0:18.0	Welcome to Man Money.
0:19.0	Welcome to Kramer America.
0:20.0	If you want to make friends, I'm just trying to make you some money.
0:23.0	My job is not just entertain but dedicate to you.
0:26.0	But dedicate to you, put this in context. Call me at 1-800-743-CBC.
0:31.0	Or tweet me at Jim Kramer.
0:33.0	In an ugly enough market, sometimes just the absence of new negatives can trigger around.
0:40.0	And that's exactly what happened today.
0:42.0	With the Dow sword, 550 points.
0:45.0	S&B surge, 2.65%.
0:47.0	And then as that pole moment, 3.43%.
0:51.0	Most of the time because we didn't get him with any terrible news.
0:55.0	That's what we could, for example, we got where the Credit Suisse was in big trouble.
0:59.0	And people started talking about us next, Lehman Brothers.
1:01.0	Remember that? Everybody came on and said that.
1:03.0	Remember Lehman collapsed and almost brought down the entire financial system.
1:07.0	So when you hear talk about a Lehman event, it is indeed terrifying.
1:13.0	Today, the Credit Suisse says it's making great progress in selling its US asset magic business.
	...

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