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Mad Money starts now.

Hey, I'm Kramer. Welcome to Mad Money.

Welcome to Kramer.

I'm being friends. I'm just trying to make you some money. My job is not just to entertain, but to teach about this crazy market. So call me at 1-800-743 CNBC or tweet me at Jim Kramer. When it comes to tech companies, you know what? It's become not enough just to beat and raise anymore. You need to have something else going on, something that's not in your control. You need a shortage, or else your stock's not going to get much love. Even if you're one of those big dogs, yeah, the hyperscalists, we talk about the ones that reported it after the close this very evening. Now, there are a lot of cross-currents today we should mention. A day when the Fed met,

a day when the president proclaimed for a second time, then he's no longer going to be a nice guy toward the enemy Iran. But this time he added a rifle for some rainbow-like emphasis when he

posted the story there. That blitzron post, plus a weak bomb market, where rates crept up

once again, gave us today's action.

Dow falling 280 points.

It should be dipping 0.04%.

That's like actually edging up 0.04%.

But I felt the market was uglier underneath.

See, those higher interest rates are now banging a lot of companies, especially the banks,

which were quite worrisome in their activity.

We're going to

talk to the relatively new banks so far later in the show, and it got hurt badly. But the funky

nature of trading in this keynote group makes me anxious. I always like to see the group do better,

or at least do nothing. The Fed meeting today, it brought me no real solace. It's the last Fed

meeting hosted by Jay Powell. It was uneventful at the same time that oil went up big again. It's an unavoidable fact of life that oil soared 7% to $160 today near the highest it's been since the war started. That in itself, I'm calling it worrisome. I've told you over and over again, though, that it isn't a rally in oil per se that matters. No, it's the ripple oil causes to the bond market.

If interest rates ignore oil, we're fine. But now, though, we aren't fine. They're not ignoring

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