Mad Money w/ Jim Cramer 8/7/24
Mad Money w/ Jim Cramer
CNBC
4.3 • 4K Ratings
🗓️ 7 August 2024
⏱️ 44 minutes
🧾️ Download transcript
Summary
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| 0:00.0 | My mission is simple, to make you money. I'm here to level the playing field for all investors. |
| 0:08.0 | There's always a homework somewhere, and I promise to help you find it. Mad money starts now. |
| 0:14.0 | Hey, I'm Kramer. |
| 0:19.0 | Welcome to Mid Money. |
| 0:21.0 | Welcome to Kramar. |
| 0:22.0 | I'm just trying to make you little money. My job |
| 0:24.8 | is not just entertained but to educate and teach you so call me at 1-800 and 7 with the |
| 0:28.4 | BC. Tweet me at you in Chairman Kramer. You can't hope for rate cuts from the Federal Reserve and also expect zero weakness in any |
| 0:38.5 | part of the economy that impacts your portfolio. |
| 0:41.6 | Let me tell you, Wall Street wants to have it both ways, but we'll never |
| 0:44.0 | get those rate cuts until the Fed sees cash-strapped consumers rebelling against higher prices, |
| 0:50.7 | forcing companies to roll them back to pre-COVID levels. |
| 0:54.0 | And that is what it is a state right here. |
| 0:56.0 | And it's playing havoc with the averages. |
| 0:58.0 | Dow seeking 234 points. |
| 1:00.0 | S&P falling 0.77%. |
| 1:02.0 | And then Aztec losing 1.05% again. |
| 1:05.0 | How can investors navigate these treacherous supporters |
| 1:08.0 | where we want just enough weakness in the economy to push the Fed to cut |
| 1:12.0 | but no damage whatsoever to the stocks of companies |
| 1:14.7 | we own. |
| 1:16.1 | Well, look no further than the stock of the Walt Disney Company. |
... |
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