Mad Money w/Jim Cramer 12/07/18
Mad Money w/ Jim Cramer
CNBC
4.3 • 4K Ratings
🗓️ 8 December 2018
⏱️ 45 minutes
🧾️ Download transcript
Summary
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| 0:00.0 | My mission is simple to make you money. |
| 0:04.0 | I'm here to level the playing field for all investors. |
| 0:08.0 | There's always a more work at Summer and I promised to help you find it. |
| 0:12.0 | Man money starts now. |
| 0:16.0 | Hey, I'm Kramer. |
| 0:18.0 | Welcome to Mad Money. Welcome to Kramer America. |
| 0:20.0 | I'll do one of my friends. I'm just trying to save his money. |
| 0:22.0 | My job's not just to entertain but to educate and teach you. |
| 0:24.0 | Just call me at 1-800-7-3-CBC or tweet me at Jim Kramer. |
| 0:28.0 | Today we got a non-farm pay or report with a lighter than expected job growth. |
| 0:32.0 | You heard me later. Middling wage gains, not just exploding wage gains. |
| 0:36.0 | Which is not what you want to see if you own stocks. |
| 0:38.0 | The numbers cause a market-wide meltdown, down-plunging 559 points. |
| 0:42.0 | As we plummet 2.24% and get this to Nasdaq, it was about 3.05%. |
| 0:48.0 | Now, ordinarily at this point in business cycle, I tell you the bad news is good news. |
| 0:52.0 | Because a weak employer report means that Federal Reserve is less likely to raise interest rates. |
| 0:56.0 | Which we know can be a pretty good stock. |
| 1:00.0 | But somehow the Fed has gotten itself into this ridiculous box. |
| 1:04.0 | A box where it needs to tighten because it said, well, well ahead of the numbers that it was going to tighten. |
| 1:10.0 | From months I've been telling you that the economy is slowing. |
| 1:12.0 | That the peak may have actually been when Fed Chief J. Powell came out at the beginning of October. |
| 1:16.0 | And told us that business is so hot that we might need four red hikes. |
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