The Dow Drops Over 1,000 Points, Pioneer Natural Resources CEO, Shopify President & Scott’s Miracle-Gro Face Off 5/5/22

Mad Money w/ Jim Cramer

CNBC

News, Investing, Business

4.3 • 4K Ratings

🗓️ 5 May 2022

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Dow Jones fell over 1,000 points after yesterday’s rally, marking it as the worst single-day drop since 2020, and Jim Cramer’s taking you through the market’s sharp downturn and helping you find areas of opportunity. Then, Pioneer Natural Resources CEO Scott Sheffield joins Cramer to talk about his company’s first quarter numbers and the state of oil amid recent volatility. Next, Shopify President Harley Finkelstein discusses the company’s plans for growth amid today’s tech rout. Plus, Cramer’s digging into Scott’s Miracle-Gro and guiding investors on whether to be bullish or bearish on the stock. 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 promised to help you find it.
0:12.0	Man money starts now.
0:19.0	Hey, I'm Kramer.
0:21.0	Welcome to Man Money.
0:22.0	Welcome to Kramer, America.
0:23.0	Other people to make friends,
0:25.0	just trying to save you some money.
0:27.0	My job is not just to entertain you,
0:29.0	but to educate, teach, explain, days like today.
0:32.0	I want you to call me 1-800-743-CBC.
0:35.0	Please tweet me at Jim Kramer.
0:37.0	I want you to get used to days like today.
0:39.0	Days where the Dow plunges up 1,063 points
0:42.0	as the big plummet is 3.56 percent.
0:44.0	And yes, the NASDAQ goes down almost 5 percent for 0.99.
0:48.0	See, what's happening right now is the market
0:50.0	is repricing stocks, eater stocks on the fly.
0:53.0	With Wall Street deciding that all stocks are worth less
0:57.0	every time a thing called the 10-year Treasury.
	...

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