Transcript
MultiCare Representative (0:00)
Our state has changed a lot in the last 140 years. We know because MultiCare has been here guided by a single making our communities healthier. That comes from making courageous decisions, partnering with local communities to grow programs and services, and expanding healthcare access to those who need it most. Together, we're building a healthier future. Learn more@ multicare.org trading@schwab is now powered.
Trading Platform Announcer (0:32)
By Ameritrade Unlocking the power of thinkorswim the award winning trading platforms loaded with features that let you dive deeper into the market. Visualize your trades in a new light on thinkorswim desktop with robust charting and analysis tools all while you uncover new opportunities with up to the minute market news and insights. ThinkOrSwim is available on desktop, web and mobile to meet you where you are. It's built by the trading obsessed to help you trade brilliantly. Learn more@schwab.com Trading.
Jim Cramer (1:03)
My mission is simple to make you money. I'm here to level the playing field for all investors. There's always a bull market somewhere and I promise to help you find it. Mad Money starts now. Hey, I'm Kramer. Welcome to Mad Money. Welcome to Crame America. I build my friends. I'm just trying to make you a little money. My job is not just to entertain, it's to teach you. So call me at 1-874th BC or tweet me Jim Cramer when you see a grizzly bear in Yellowstone national park, you call a park ranger because these bears are dangerous. They think nothing of mauling your face off. But the grizzlies turn into teddy bears when the rangers come and you can't even remember what you were so afraid of. After a day where The Dow gained 420 points, the S&P climb 1.6%, and the Nasdaq pole to 2.5%, we can only presume that the President can turn the grizzlies on Wall street into teddy bears with the stroke of a pen or even just a post on the social media platform he owns. I've never ever seen the market bend so readily to the wishes of one man. It's extraordinary. The park ranger seems to have a way with bear. It's not clear if you scaring it down or calming it down, but there's real effort involved. Of course, there's almost no effort involved with President Trump when it comes to decoying the bears on Wall Street. He only needs to walk back Some previous comments and the market catches fire. After spending days mercilessly calling how about chiding Fed Chief Jay Powell, a major loser whose termination couldn't come fast enough. Last night, the President made it clear that he had no intention of firing Powell. Never mind. Hey, never mind that he kept calling him. Our Fed Chief is called Mr. Too Late. He now says it was the press that ran away with things. The whole notion of firing power now seems to be off the table. And the name calling. And what happens today when that name calling is over and Powell's job is not in danger? Not that it ever should have been, either legally or professionally. Well, I'll tell you what happens. The stock market explodes higher. That's because Wall street was terrified Trump would cause a constitutional crisis by trying to fire the Fed chief. What's really amazing is, is that the market had just rallied yesterday merely because the President didn't trash Powell. Now, I want to say something. I think it is actually, it's beyond belief how easy it is for this one man to tame a bear, even if it's a bear that he released on us in the first place. All Trump had to do to cause the two day rally was not repeat that Powell was a major loser and then say he wouldn't try to fire the guy. It certainly helped that President Trump indicated there could be a deal with the Chinese, even though from what anyone can tell, there's not a lot of discussion with China. The President also conceded that the tariff rate on China won't be 145%. Oh, but it won't be zero either. Again, not as precise as we'd like, but it's improvement. More importantly, it worked. If you wanted higher stock prices like I do, it worked. Now, I don't know if people realize how extraordinary all this is. You called the Fed chiefs some funny names. The kind that would make most of us feel somewhat remorseful given how Powell's kind of a pretty dignified guy. You tell your lieutenants to see if you're allowed to fire him. Then you say it was really drummed up by the press. And the market rallies like nothing ever happened. It's almost as if there's a whole exercise is it's a TV show. I mean, you can see Powell walk into the boardroom, seems calm, cool character, sits down, president consults with his other judges. He then turns to look right at the Fed chief and he says, Listen, Mr. Major Loser, you may be too late, but you know what? You're not fired. And then The NASDAQ goes up 2%. Whoa. Now we're almost back to where we were about A week ago, before the press began to jit up those stories about the president. Bash power. All right, what's really going on here? Look, the president is very powerful, especially when he's fixing problems of his own creation. But something else is going on here too. The companies that reported yesterday and today gave you amazing numbers with excellent forecasts even if the tariffs stay on. The CEOs of these companies, one by one commonly talked about other businesses. Terrific and could even get better. Not the stuff that you expect when you think they were supposed to have a recession. Just take tonight's show. You're going to hear from the CEOs of some of the largest, most important businesses on earth. You listen to the CEO of Vertiv, perhaps the most important company, that red hot data center business. And their business is incredibly strong. No cessation in sight. In fact, I think it's accelerating. You're getting that acceleration for free with that down. Now stock, you'll listen to an interview with Bill McDermott, the CEO of ServiceNow, huge enterprise software company. They reported arguably the best enterprise software quarter we've seen all year. ServiceNow is a hero stock putting up insanely good numbers when stocks seem to indicate that we get a shortfall. Totally wrong. You're going to get to meet the CMG Vernovo companies furiously trying to meet the demand for more electricity in this country. And it can't meet that demand. It has too much business. I'm calling it a high quality problem. These are companies with stocks that were seething to go higher. They wanted to launch, but they never would be able to get off the ground as long as the president was rolling out new nicknames for Jay Powell, maybe Cherry Garcia, talking about how Powell's favorite group, the dead and company should file for chapter 11. I say that with some mirth as Powell's the epitome of a distinguished banker, economist, historian and yes, deadhead. These three stock stories come on top. I, GE Aerospace, which just shot the lights out, 3M which is in the midst of a major turnaround. These are big American companies. Given that the whole world's thinking we're about to have recession here because of the extreme tariff turmoil. These are the kinds of companies that should be slashing the numbers, but they're not. The raise of the numbers. Oh, and just tonight, the story Texas Instruments, which have been struggling mighty of late, shed the weaknesses, put up terrific numbers that might be enough to ignite what had been a moral burn chip cohort. Now here's the real kicker and the difference Between Yellowstone and Wall street, the ranger can't really make the grizzly on get on his hind legs and dance. But the President, he got the bear doing a kick line, which is Tesla. Here's a company that reported one of the worst quarters of the years. I mean, it's really terrible. It just dismal. But the stock soars more than 5%. Why? Because CEO Elon Musk is getting out of Doge. He's spending more time with Tesla. That's enough. Now, this were one of those days where President Trump pokes fun at major world leaders and doubles the tariffs on the spot. Tesla stock would have taken on the chin. But when the President backs away from his high risk demands, the market suddenly very forgiving. And when he talks positively about exempting some companies like the autos from some tariffs, well, you know what happens. House of pleasure. Yeah. We need these companies to do well if we're going to avoid a downturn. Let me give you one last thought about this. If the President were to use his power to be constructive, to not call people names, to lighten up on true social and to say it's time we roll up our sleeves and make some trade deals, then I think the market would really roar. And if he simply said, you know what, I want to go back to the way I was last time in the White House where everybody wins, then the grizzlies would go into hibernation for four years. We wouldn't be talking about a bear market rally. We'd be talking about the best ways to serve bear meat. It's a cookbook, bottom line. That's how powerful Trump has become on Wall Street. On days like today, it's helpful. But for most of the year, it's going the other way. Of course, you never know who he'll target next. We don't want any of the big CEOs to be trash. That could hurt the market. Doesn't care if he goes after law firms or colleges, but going after central bank, different story. Right now Trump owns Wall street and only he can decide if that's going to be good thing or a bad thing. I think it's time to go all in on good. Let's go to Rakesh in California. Rakesh, Hi, Jim. I love your show and your advice. I watch your show. What do you think if it's a.