My mission is simple, to make you money. I'm here to level the playing field for all investors.

There's always a homework at summer, and I promise to help you find it. Man Money starts now.

Hey, I'm Kramer. Welcome to Mad Money. Welcome to Kramer. I people, my friends, I'm just trying to help you make a little money here.

My job is not just entertained, but try to explain days like today or yesterday.

Put them together. Call me at 1-800-743, CBC, to meet me as Jim Kramer.

Don't make a forecast if you can't make the forecast. I know it sounds pretty silly, but in the world, Wall Street, if you make a prediction, you better beat it, or else your stock's going to get clamored.

That's what's throw a bunch of the sell-off. Expectations not met. Guidance to aggressive promises dashed.

It's why we struggle to bounce back from yesterday's hideous action. Dow gaining only 15 points,

say has to be declining.

0.09% and that's like dipping point 1%,

even as we had much higher prices earlier

than the day. Let's start with the Fed.

I play with an open hand. I think Jay Powell's doing a fabulous job,

what he does. The only Fed chair since Paul Volker

in my lifetime, who knows he has to the power to take control

with a difficult situation and do the right thing no matter what. Powell's been very true to his word, which is integral to maintaining his integrity and the

integrity of the institution, which has never been a doubt.

When he says he'll do something, the market's believe in him.

That's because he has a lot of credibility.

But yesterday, I felt that Powell had a setback.

I'll be a moment, Jard, because he didn't telegraph his views ahead of time. It was a tough call to cut rates by

25 basis points only because he made it a tough call. I think he felt that the Fed had to cut

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