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Mad Money w/ Jim Cramer

Mad Money w/ Jim Cramer 09/24/19

Mad Money w/ Jim Cramer

CNBC

News, Investing, Business

4.34K Ratings

🗓️ 24 September 2019

⏱️ 42 minutes

🧾️ Download transcript

Summary

CNBC's Mad Money with Jim Cramer.

Transcript

Click on a timestamp to play from that location

0:00.0

Thank you Melissa. Thank you, Amen. I'm Kramer. Welcome to May of money.

0:04.8

Other people want to make friends. I'm just trying to make you some money. My job is not just to entertain, to educate, teach you, and put this kind of stuff in context.

0:12.0

Call me at 1-800-7-3CBC or tweet me at Jim Kramer.

0:16.0

Okay, now we got something else to worry about. We have partisan acrimony per share.

0:21.0

And I would love it if we could value stocks based on earnings, dividends, and buybacks.

0:25.0

Rather than political turbulence like you just heard, rank or early in the evening. But I don't make the rules.

0:31.0

And after what is definitely a rough day with a Dow decline, 142 points.

0:35.0

S&B lost 0.84% NASDAQ noticed I have 1.46%. Parc and acrimony, what can I tell you? It is raining supreme.

0:45.0

The Democrats suddenly got serious about trying to impeach President Trump.

0:50.0

Based on what is obviously some of the old advice dealies with UK. A legislative dig up journal on Joe Biden.

0:55.0

Now let's figure Pelosi is launching a formal impeachment inquiry.

0:59.0

I don't think the Democrats will be appeased until the House of Representatives votes to send the cases to the Senate.

1:06.0

We're going to see this go to the Senate. Before you freak out, for those of you who don't remember civic classes, let me explain.

1:12.0

Even if the House impeaches Trump, you can't remove a sitting president without a two-thirds majority in the Senate.

1:19.0

So until the Democrats can convince at least 20 Republican senators to turn on their guy, impeachment remains a side show.

1:27.0

Is that possible? You could never rule out anything these days, can you?

1:30.0

But I bet Trump could confess to being the zodiac killer. And he wouldn't lose more than 10 or 15 senators.

1:36.0

Still, I get why people sold today. It made a lot of sense.

1:40.0

We haven't seen this level of partisan acrimony in the United States since the Civil War.

1:46.0

And when things in Washington turned hostile, that can and always will hurt the stock market.

1:51.0

Plus this whole thing was very sudden. When I spoke to Nancy Pelosi just last week, she was adamant that she didn't want to impeach.

1:57.0

She said over and over that she wanted to be Trump at the ballot box, not the jury stand.

...

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