Salesforce Co-CEOs & Earnings Estimate Cuts 6/23/22

Mad Money w/ Jim Cramer

CNBC

News, Investing, Business

4.3 • 4K Ratings

🗓️ 23 June 2022

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The Dow lost over 90 points and Jim Cramer is guiding you through today's market action as a volatile week approaches a close. First, in a two-part interview, Salesforce Co-CEOs Marc Benioff and Bret Taylor join Cramer to discuss the work from home movement, Russo-Ukraine war, Slack and remote work and Elon Musk's acquisition of Twitter. Then, are expectations for the upcoming earnings season too high? Cramer’s taking a look at what's happened when names like Cisco, Dutch Bros, Nvidia, Snap and more have reported and the impact when investors are expecting too much. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

Click on a timestamp to play from that location

0:00.0	CNBC's Workforce Executive Council is a premier group of C-suite human resources
0:05.9	executives from leading companies across the country. It offers a members-only
0:11.0	portal and chat plus exclusive industry content with access to breaking news
0:16.0	calls and digital networking experiences. The network and resources HR leaders
0:21.6	need now. Apply to the Workforce Executive Council at CNBCCouncils.com slash
0:28.4	WEC.
1:28.4	There's another reason we have all these supply shortages. Our government
1:33.5	doesn't have a productive relationship with big business. Like it or not.
1:37.6	Bank business has the ability to rein in inflation but they don't have any
1:41.2	incentive to do so. There's no report zero with the White House for most
1:46.3	execs in this country. Class example energy. Today, importing executives from
1:52.2	the oil and she met with the Energy Secretary Grant Home about curbing the
1:55.2	high price of gasoline. We want that right? It was important meeting because even
1:58.5	his president Biden has correctly blamed much of the increase in Vladimir Putin and
2:01.9	his war of aggression in Ukraine. He seems to hold genuine scoring for the oil
2:05.8	industry. He's been adamant they need to pump more and stop Gaussian and
2:09.2	American people to the point where he accused Exxon mobile of making more money
2:13.0	than God. Putting aside the possibly sacrilegious point of order that maybe
2:17.7	Exxon really had a better year than God. That one comment high-boshed any
2:22.8	chance that U.S. oil producers would lift a finger to get gas prices under
2:28.1	control. It was completely gratuitous. The blowback I have heard from behind
2:34.6	the scenes has shocked me. These oil folks actually thought they had a chance of
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.