My mission is simple, to make you money.

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

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

Mad Money starts now.

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

Other people are great friends. I'm just trying to make a little money. My job, not just to explain, but to educate, teach. So call me at 180743. CBC. We meet Jim Kramer. Look, when I was growing up, we'd always laugh when we heard Wimpy, a cartoon character associated with that bold sailor man Popeye, who would always be willing to pay you Tuesday

for a hamburger today? I mean, how desperate was wimpy that he didn't have the money for a hamburger?

Now all of a sudden we have millions of wimpies to this country, in part because of higher prices,

but also because the economy's weaking right in front of our eyes, in the eyes of Fed Chief J. Powell.

When he spoke today about how he may need to cut rates,

perhaps as soon as September, he threw gasoline on a rally that was already roaring,

downgating 99 points, S&B jumping 1.58% of the NASDAQ,

Paul voting 2.64%.

Along the way to rate-cutting cycle may finally be be upon us, and not a moment too soon,

because this is the quarter where we discovered that we have a lot of people that don't have

the money for a hamburger in this country.

It's a quarter of what we learned that many things are way too expensive, and it's mighty

hard to pay for them because of interest rate costs.

They are two owners.

And I think that's why the Fed really laid the groundwork for a rate cut when it issued its statement today.

See, the Fed knows that although job growth is moderated, inflation still hasn't been tame.

But Pell has to pivot because he can't allow the consumer to be priced out of places like McDonald's.

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