Splunk CEO, Off The Charts & Snowflake Earnings 8/29/22

Mad Money w/ Jim Cramer

CNBC

News, Investing, Business

4.3 • 4K Ratings

🗓️ 29 August 2022

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Continuing last week's rout, all three averages closed lower and Jim Cramer is helping investors navigate the slump and investigate the Fed's role in the downturn. Then, with Splunk in a funk after reporting, Cramer's going one-on-one with CEO Gary Steele joins Cramer to break down the numbers. Next, could the key to determining the market's next moves actually lie in the past? Cramer's going Off The Charts and tracking the Dow's historical patterns to see what could be ahead. Plus, Cramer takes a closer look at Snowflake's business model after the company's latest earnings. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0	My mission is simple to make you money.
0:05.0	I'm here to level the playing field for all investors.
0:08.0	There's always a more market somewhere,
0:10.0	and I promise to help you find it.
0:12.0	Man, money starts now.
0:17.0	Hey, I'm Kramer.
0:18.0	Welcome to Man of Money.
0:19.0	Welcome to Kramer, America.
0:21.0	A dual night friends, I'm just trying to make some money.
0:23.0	My job is not just to entertain,
0:25.0	but to educate and teach, so call me at 1-107-4-3-CMBC
0:28.0	or tweet me at Jim Kramer.
0:30.0	The Federal Open Market Committee is spoken,
0:33.0	and the reverberations are going to be with us for a long time.
0:36.0	Every year when the Fed hotgers go to Jackson Hole for some more and orange,
0:39.0	yet it is.
0:40.0	The Fed chief makes a point of being cerebral, theoretical, relaxes,
0:45.0	waxing on the vicissitudes of the economy and the jobs.
0:48.0	Not this time.
0:50.0	This time, J. Palma did a clue that he will slay inflation by any means,
0:55.0	that includes keeping rates higher for longer.
0:59.0	And this is the market just hated it with everything collapsing all at once last Friday.
	...

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