U.S Secretary of Commerce, Hertz CEO & AGCO CEO 8/1/22

Mad Money w/ Jim Cramer

CNBC

News, Investing, Business

4.4 • 3.9K Ratings

🗓️ 1 August 2022

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

The three major averages posted minor losses today, and Jim Cramer is leading investors through the market with this week’s Game Plan. Next, with the CHIPS Act heading to the President's desk for signing after being passed in the House, U.S. Secretary of Commerce Gina Raimondo returns to discuss more about the legislation’s journey and what it means for domestic semiconductor manufacturing. Then, Agco CEO Eric Hansotia is breaking down the company's outlook after a strong quarter. Plus, Hertz CEO Stephen Scherr.

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.
0:07.0	There's always a more market summer,
0:09.0	and I promise to help you find it.
0:11.0	Man money starts now.
0:14.0	Hey, I'm Crainer.
0:17.0	Welcome to Matt Money. Welcome to Crainer Maraga.
0:20.0	I'm Bill and my friends. I'm just trying to help you make some money.
0:23.0	My job is not to entertain you, but to educate and teach you.
0:25.0	So call me at 1-800-743-CBC.
0:28.0	Or tweet me at Jim Crainer.
0:30.0	This is a huge week for corporate earnings.
0:34.0	But lurking under everything is the Labor Department's non-farm payroll report on Friday.
0:42.0	If it shows some job growth with no wage inflation,
0:45.0	then the fabulous July rally can stand.
0:48.0	But if it shows booming, hiring with exceptionally large wage increases,
0:52.0	then some of this rally, if not much of it,
0:55.0	it's going to be repealed.
0:57.0	So that's why the average is, it goes nowhere today,
0:59.0	dial, dipping 47 points. That's going to be the client point to 8%.
1:02.0	Now I'm saying edging down point 1%,
1:04.0	but the dial was down a lot more at one point.
	...

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