My mission is simple, to make you money.

I'm here to level the playing field for all investors.

There's always a one market somewhere, and I promise to help you find it.

Man money starts now.

Hey, I'm Kramer.

Welcome to a special Seattle edition of Mad Money.

I'll be with friends.

I'm just trying to make a little bit of money.

My job is not just to entertain, but to educate the teach, call me at 1-800-743.

CnBC tweet me at Jim Kramer.

This morning, my squawk on the street co-host, Carl continued,, asked me at what point does the war actually matter? I told him that our stocks are relatively insulated from the war because so much of our economy is service-based, and that means it's domestic. You don't export service. Aside from travel and leisure, I said, I think it'll be okay. But, and this is a very big butt, there's one case where things could go awry.

If oil prices rise so relentlessly, so high that they impact our bond market, because we can handle higher oil, but we can't handle higher interest rates.

Today we saw a glimpse of that future with the Dow ultimately tumbling 557 points as to be losing 0.41 percent and the NASDAQ declining 0.19%. The market was looking up this

morning, 6 a.m. usual techs rally. You can imagine the month of May kind of turning out a lot

like April. Then a little after 6th Eastern, we got reports that Iran had launched some missiles at two different U.S. warships. The futures plummeted. The gains vanished. And the worst of all, the treasuries took a big hit. Rates soared the 30-year treasury vote on strike through five. And the grand thesis, the idea that peace might be breaking out in the Middle East, just when we have a new Fed chief coming in who wants to cut rates, seem to vanish before our eyes.

Incredibly, the story about the missiles and our Navy turned up to be false, or at least exaggerated.

There's no U.S. ships were actually hit.

But stocks kept getting hammered because the

Iranians were busy violating the ceasefire and launching drones and missiles and countries throughout the Gulf.

Yet, the war's back on. And unless the president does something beyond talking about shallow victories

and gets that straight open, we're going to see interest rates keep climbing.

At a certain point, the grand plan to get the domestic economy growing faster will turn

...