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Mad Money w/ Jim Cramer

Mad Money w/Jim Cramer 09/28/18

Mad Money w/ Jim Cramer

CNBC

Investing, Business, News

4.34K Ratings

🗓️ 28 September 2018

⏱️ 45 minutes

🧾️ Download transcript

Summary

CNBC's Mad Money with Jim Cramer.

Transcript

Click on a timestamp to play from that location

0:00.0

Hey, I'm Kramer. Welcome to our last night from CMBC one market in San Francisco. Welcome

0:17.4

the mad money and welcome to Kramer. I'll be one of my friends. I'm just trying to

0:21.0

make us the money. My job is to entertain but to teach and to educate. So call me at

0:25.5

1-800-743-CBC or tweet me at Jim Kramer. The third quarter is in the bag and it's been a

0:32.3

good one. Best in five years. Even September was good. Historically that tends to be a rough

0:37.0

month. Despite the incest and negative chatter about tariffs and trade, most stocks just

0:41.9

seem unaffected by the news flow. Including today when the Dowledged up 18 points hasn't

0:46.4

been de-next to nothing. Nasdaq drifted .05% higher. In fact, the market's been so robust

0:52.1

that you have to think long and hard about stocks that have lagged behind here. Two losers

0:57.1

those stand out. Tesla and Facebook. Both victims of self-inflicted wounds that resurfaced

1:02.7

in the last day of the quarter to really drive home the losses. Tesla stock got hammered

1:07.7

because Elon Musk, the founder, Chairman and CEO, turned down the very attractive settlement

1:12.6

that the SEC offered as punishment for his extremely ill-advised tweet about taking the

1:17.3

company private at $420 a share. Now that's thrown a book at him. No wonder this

1:21.9

stock plummeted 14% today. More on that later. Facebook. The most hated company in Silicon

1:27.5

Valley, at least by my survey of techies and dream force, revealed that there had been

1:31.5

a security breach. One that allowed hackers to take over 50 million accounts, 50 million

1:37.0

here, 50 million there. This is exactly the kind of thing that makes shareholders worry

1:40.3

that Facebook needs to spend even more money on security because it clearly hadn't been

1:43.9

spending enough before the flood. When that spend hits, the gross margins come down and

1:49.1

the stock comes down with it. That's why he saw a 2.6% decline today. You know, my chapel

1:54.1

trust, which you can follow along by joining the Accelord's Plus.com Club, maintains a small

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