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Mad Money w/ Jim Cramer

Salesforce Founder & Co-CEO, UnitedHealth Post-Earnings Digest, And Wex CEO

Mad Money w/ Jim Cramer

CNBC

News, Investing, Business

4.3 • 4K Ratings

🗓️ 16 October 2019

⏱️ 45 minutes

🧾️ Download transcript

Summary

The Dow closed down 23 points and on a big day for earnings, Cramer’s making sure you’re ready to navigate the latest reports. Then, fresh off the release of his new book, Trailblazer, Cramer’s sitting down with Salesforce’s Founder and Co-CEO, Marc Benioff, to go beyond the company and dive into Benioff’s latest release. And, there has been a lot of worry about the health insurance space, but after delivering a strong quarter, Cramer’s breaking down what you should make of UnitedHealth at these levels. Plus, Cramer’s sitting down with the CEO of financial technology firm, Wex, to see if the market is ready to fall in love with the space again.

Transcript

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0:00.0

My mission is simple to make you money.

0:04.0

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

0:08.0

There's always a more work at Summer, and I promised to help you find it.

0:12.0

Man money starts now!

0:17.0

Hey, I'm Cramer! Welcome to Man Money! Welcome to the Cramer America.

0:20.0

I'll be one of my friends. I'm just trying to make you some money.

0:23.0

My job is not just to entertain you, but to educate and teach you.

0:26.0

So call me at 1-800-733-CMC, or tweet me at Jim Cramer.

0:31.0

And if you remember Charlie the tuna from those old star kiss ads,

0:36.0

you know the debonair fish with good taste, who fancyed himself the perfect tuna for star kiss?

0:42.0

In every ad, Charlie the tuna got shot down!

0:47.0

Sorry Charlie, because star kiss didn't want tuna with good taste.

0:52.0

They wanted tuna that tasted good!

0:55.0

I dredged up this 60s gem because today the market rejected Charlie.

0:59.0

The tuna with the taste for turbocharged growth stocks.

1:03.0

And instead went with tuna that just plain taste good,

1:06.0

meaning solid, clean companies with no real flaws that have new found consistency.

1:11.0

Now look, if you only looked at the average, this would have seemed like a day-to-day gal dipping 23 points.

1:16.0

That's a bee-inching down point to opposite. That's like the climbing point to opposite.

1:20.0

Oh, but when you dig deeper, there was a major rotation out of the Charlie the tuna stocks!

1:29.0

And into plain old albacore packed in water.

1:33.0

It all started yesterday when the banks reported much better than expected quarter,

...

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