Mad Money w/ Jim Cramer – November 7, 2025

Episode Overview

In this episode, Jim Cramer tackles the “charnel house” atmosphere gripping Wall Street as a persistent government shutdown and the evolving dynamics of AI-driven “data center Blob” dominate the headlines. Cramer addresses the impact on stocks, discusses OpenAI’s massive ambitions and market skepticism, and fields expert insights from CEOs across sports betting, fintech, and consumer health sectors. Special features include insightful interviews with Jason Robbins (DraftKings), Sasan Goodarzi (Intuit), and Brian McNamara (Haleon), culminating in the energetic Lightning Round and Cramer’s investing playbook for volatile times.

Key Discussion Points and Insights

1. Market Meltdown: The Government Shutdown and “The Data Center Blob” (01:39–09:23)

• Government Shutdown Has Lasting Impact
  • The ongoing government shutdown (now 37 days long) is not just noise—“it’s taking too darn long,” says Cramer, and its lack of economic data is stalling decision-making and freezing the system ([01:39]).
  • Quote:
    “We’ve been very dismissive of this government shutdown on Wall Street…Well, it turns out this one is different.” – Jim Cramer [01:39]
• Jobs Data and Economic Warning Signs
  • Cramer calls out the “hideous charts” from Challenger, ADP, Paychex, and Paycom, framing them as dire signals for job growth.
  • “Who the heck wants to hire people in this environment? Certainly not me.” – Jim Cramer [02:20]
• The “Data Center Blob” and OpenAI’s Giant Plans
  • The outsized expansion of AI infrastructure—the so-called “data center Blob” (as coined by JP Morgan’s Michael Cembalest)—has gone from economic boon to ominous overhang.
  • OpenAI’s commitment to hundreds of billions in data center buildout and Sarah Friar’s controversial “government backstop” comment sparked industry-wide anxiety.
  • Oracle, as a key OpenAI partner, faces massive debt loads to keep up with AI infrastructure spend, stoking more fears.
  • “Is it too late to contain the Blob? That’s all anyone’s really talking about.” – Jim Cramer [05:43]
• AI Optimism Hit by Skepticism
  • Even companies like Palantir and Robinhood, despite strong quarters, see share declines as high-flyers lose their luster.

Timestamps:

• Government Shutdown & Market Chill: [01:39–03:30]
• Challenger Jobs Data and Employment Risks: [03:31–04:23]
• The Data Center Blob & OpenAI’s Scale: [04:24–07:19]
• Friar's Backstop Comment Fallout: [07:20–08:40]
• High Valuations Deflate: [08:41–09:24]

2. Lightning Round: Viewer Calls & Market Strategy (09:24–11:18, 41:49–44:00)

• Stock Analysis: Tech, Cybersecurity, and More
  • Discussion of Nvidia’s leadership (“Jensen is terrific”) and bullishness on cybersecurity (Palo Alto, CrowdStrike, CyberArk).
  • “The secular bull case for cybersecurity has never been better.” – Jim Cramer [09:57]
• Viewer Questions (selected):
  • Dave & Buster’s (PLAY): Cramer punts, needing more research: “I cannot be so cavalier…got to do homework.” [42:36]
  • TJX: Strongly bullish: “Own TJX, not sell it.” [43:43]

3. Interview: Jason Robbins, CEO of DraftKings (13:44–25:18)

• Mixed Earnings, ESPN Deal, and Industry Dynamics
  • DraftKings reported revenue/margin headwinds due to “customer-friendly” NFL outcomes but maintains strength in user activity and handle growth (e.g. 17% handle growth in October).
  • “We actually saw great growth in handle…the only real negative on the quarter is that there was a Tyson fight last year that got a lot of interest that we’re lapping.” – Jason Robbins [14:43–20:03]
• ESPN Partnership’s Strategic Edge
  • Robbins touts ESPN’s unmatched brand and its value in boosting NBA market share.
  • “Now, go from that to having the two biggest partners in NBA between NBCUniversal and ESPN…it’ll help move the needle for us.” [15:49–16:48]
• Regulatory Frustrations and Prediction Markets
  • Cramer calls betting exchanges a “backdoor” that avoids taxes and regulation.
  • Robbins sees limited threat, referencing UK markets and anticipating “exchange” betting as incremental, not cannibalistic.
  • “In today’s world, we see absolutely no discernible evidence that this is having any effect. Our numbers look great.” – Jason Robbins [18:25]
• Quick Response to Betting Scandals
  • Legal, regulated markets allow the industry to catch and report integrity breaches rapidly.
  • “The best way to catch the cheaters is to have a legal regulated system…with obligations to work collaboratively with the leagues.” – Jason Robbins [23:21]

Timestamps:

• DraftKings Q3 Performance: [13:44–14:43]
• Sports Betting Outcomes & Growth: [14:43–15:41]
• ESPN/Disney Deal: [15:41–16:48]
• Industry Regulation & Prediction Markets: [16:48–19:38]
• Market Outlook & Sports Calendar: [19:38–21:48]
• Betting Scandals and Market Trust: [21:48–24:51]

4. Interview: Sasan Goodarzi, CEO of Intuit (27:04–34:23)

• Intuit Pushes Beyond Tax Season
  • Launches “all-in-one consumer platform” integrating TurboTax, Credit Karma, and AI-powered “agents” to help users year-round.
  • “Every payment you make, we’re going to help you with our agents to build your credit. We have debt agents that will actually help you reduce your debt, manage your money, help you get your taxes done…” – Sasan Goodarzi [28:11]
• Combining AI and Human Experts
  • Intuit’s approach uses both automated and human support seamlessly.
• Expansion into AI-native ERP for Businesses
  • Intuit positions itself as a business “single pane of glass” for cash flow, leads, and tax management.
• Economic Dashboard Insights
  • Goodarzi sees the consumer/job market as “stable” and businesses on their platform as “generally healthy” year-over-year, defying some negative headlines.

Timestamps:

• All-in-one AI/Agent Platform and Year-Round Engagement: [27:52–29:36]
• Credit Building, Debt Management: [29:36–30:37]
• Salesforce Integration, Intuit’s ERP Vision: [30:37–32:00]
• Credit Karma’s Unique Position: [32:00–32:27]
• Business Platform Now Available: [32:27–33:08]
• Pulse on Consumer Health: [33:08–33:56]

5. Interview: Brian McNamara, CEO of Haleon (Consumer Health) (34:33–41:32)

• Haleon's Growth and Repositioning
  • The former GSK/Pfizer spin-off highlights its successful leverage reduction, strong cash flow, ~3.5% organic growth, and focus on iconic brands (Advil, Sensodyne, Voltaren, Tums).
  • “Three and a half years of being a listed company…we’ve delivered on our financial commitments.” – Brian McNamara [35:49]
• Online and Pharmacy Channel Strength
  • Amazon and channel-based strategy driving share gains; online is now ~20% of US business.
  • “We have a very clear channel strategy…in the US we’re moving to a channel where we have higher shares.” [37:32–38:08]
• Product Innovation – Sensodyne Expansion
  • Strong growth in therapeutic oral health via dentist-driven recommendations and new product launches (e.g., Sensodyne whitening for sensitive teeth).
  • “That’s driven double-digit growth on Sensodyne for over a decade.” – Brian McNamara [40:36]
• European Business, Pain/Oral Health Dominance
  • Europe is a key growth region, benefiting from strong independent pharmacy networks and recommendations.
  • “Pharmacists are some of the most respected health care professionals.” [39:28]

6. Cramer’s Playbook for Volatility: How to Invest on Down Days (44:13–48:22)

• Trading Around the Core & Cash Reserves
  • Emphasizes the practice of selling into parabolic rallies and being prepared to buy on declines.
  • “You need to be ready to buy, not to sell…But you won’t feel comfortable buying on a day like today unless you’ve taken advantage of the previous rally to do some selling into strength.” – Jim Cramer [44:13]
• Know What You Own
  • Only trade around positions you truly understand; confusion breeds selling into weakness.
  • “A confused owner often becomes a losing seller.” – Jim Cramer [45:28]
• Slow, Methodical Buying via Scaling In
  • Advocates adding back to favorite stocks incrementally as markets decline.

Notable Quotes & Memorable Moments

• On Market Malaise:
  “There’s just too many negative headlines, including some that are impairing what I have called the year of magical investing.” – Jim Cramer [02:56]
• On OpenAI’s Scale:
  “Open is committed to building hundreds of billions of dollars of data centers using Oracle as a partner…maybe they can raise hundreds of billions of dollars. They decide to go public. That’d be terrific.” – Jim Cramer [05:30]
• On Regulation & Betting:
  “The reality is… at least for the near term, it looks like the momentum is here, they’re here to stay. And so…we need to participate and…should have the tools to win.” – Jason Robbins, DraftKings [17:23]
• On Consumer Financial Health:
  “75% of Americans…have a hard time making ends meet…when you don’t have help and your credit score is not good, those that don’t actually have the money are paying the most.” – Sasan Goodarzi, Intuit [29:55]
• On Defensive Investing:
  “You want to be ready when that happens. You know why? Because it always does.” – Jim Cramer [47:33]

Episode Structure & Time Map

| Segment | Timestamp | |-----------------------------------------------|-------------------| | Market/Government Shutdown, Data Center Blob | 01:39–09:23 | | Lightning Round Calls | 09:24–11:18, 41:49–44:00 | | DraftKings CEO Interview | 13:44–25:18 | | Intuit CEO Interview | 27:04–34:23 | | Haleon CEO Interview | 34:33–41:32 | | Cramer’s Market Playbook | 44:13–48:22 |

Final Takeaways

• Urgent need for political resolution: The government shutdown is now a material risk to markets and the economy.
• AI and data infra’s double-edged sword: The massive buildout powering the AI boom now also means debt risk and potential for systemic “too big to fail” companies like OpenAI.
• Industry leaders adapt: Companies in gaming, fintech, and health are leveraging data, partnerships, and digital transformation to stay relevant, though not immune to macro headwinds.
• Cramer’s core mantra: Always know what you own, keep enough cash to act opportunistically, and don’t be hostage to market panic or euphoria.

For full details, go to madmoney.cnbc.com or follow @jimcramer on X.