Mad Money w/Jim Cramer 04/10/18
Mad Money w/ Jim Cramer
CNBC
4.3 • 4K Ratings
🗓️ 10 April 2018
⏱️ 36 minutes
🧾️ Download transcript
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| 0:00.0 | All right. You've heard a little of what I think about Zuckerberg's testimony earlier today. |
| 0:13.3 | And we're going to talk about that more later in the show. I will tell you that I am concerned |
| 0:18.8 | that perhaps while he was apologetic and sorry, there can't be any more breaches, as I just said, |
| 0:23.5 | with Melissa. And he murdered people very forgiving to people who say they're sorry, |
| 0:27.3 | and they're very forgiving to people who apologize. But they're not forgiving to people who make |
| 0:31.6 | the same mistake over and over. So let's hope, my child will trust on Facebook. This has got to be |
| 0:36.9 | the last big breach or else it's not going to be as friendly as it was today. But you know what? |
| 0:42.7 | There's a lot of the things that happened today, besides Mark Zuckerberg. And we got to do an old |
| 0:47.6 | fashion mad money take on today's market. And I have to tell you, even though we watched the hearings |
| 0:53.2 | a day, they were fascinating. They were definitely fascinating. I know. I was glued to it. But we |
| 0:58.2 | now know what drives the stock market. It's not earnings. It's not the Fed or a pretty hot inflation |
| 1:04.9 | number this morning. It's not sector analysis or price journeys ratios or presidential lawyers |
| 1:09.6 | rated by the FBI or Zuckerberg's testimony. No, it's about China. Specifically how well we get along |
| 1:17.0 | with China. Last night when President Xi spoke in favor of a more open market with lower tires on |
| 1:22.4 | imported cars, better than intellectual property protection, it was though he gave us a green light |
| 1:28.3 | to roar higher. Hence why the Dow surge 429 points, the S&P climbed 1.67 percent and the Nasdaq |
| 1:37.3 | pulled water 2.07 percent today. Hey, Fang was back too. Well, the market was strong all day. It |
| 1:44.9 | picked up steam when our president tweeted and I quote, very thankful for President Xi of China's |
| 1:51.1 | kind words and tariffs and automobile barriers. Also his enlightenment on intellectual property |
| 1:56.3 | and technology transfers. We will make great progress together and quote, there you go. Second |
| 2:03.1 | leg of the rally. How do we get to this point? How did an irrational speech from the Chinese president |
| 2:08.3 | who hasn't exactly been Mr. Friedtrade frankly and a tweet from Trump, a guy who's often been |
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