Launching its ipo road show, a blockbuster deal which could value the company as much as 52 billion. Were watching media names, wbd warning of prolonged impact from the strike while disney fires its latest volley in its dispute with charter. Its great to have cramer back in the chair. We missed so much last week, between lulu and the china names and chewy and wolf. First of all, its great to be back. Thank you for the wellwishers. It was a triple hernia. I managed to come through it in a way that i feel very, very strong. I always love september in our business because everybody does come back to work except for the people that still work at home. They want to get back to work. There are a couple of points we have to talk about. One is the bonds are going the other way. Thats going to be septembers headwind. Again, the Interest Rates are up. I think were making much too little about the strike, the uaw strike. By the way, the writers strike, obviously for Warner Brothers is important.
Im Andrew Ross Sorkin. You cant wear white pants. Im Andrew Ross Sorkin with joe kernen and mike santoli is here hanging out for becky who is still off today. Lets show you u. S. Equities at this hour. We have a little bit going on. Not too much just yet. The dow off 27 points. Nasdaq opening down 58 points. S p is off 9 points. Treasury yields with the 10year treasury is sitting at 4. 224. The 2year treasury at 4. 910. Have you noticed we flipped that board around, joe . The oil prices . No. The treasury board. That board, we used to run the 30year treasury. The 30year at the top and 2year at the bottom because the way the world used to work. Now the world is flipped upside down and here we are. That is a good metaphor. Mirror what is happening. You remember, andrew, years ago where were you on the show or before when greenspan said it. Its back. Combine the 2year. The 30year used to be the one to watch. Exactly. We should have done 100 about a year and a half ago. Would that have wor
Price on a tear. The stock . Well, its up 97 this year alone. We dug into nvidia is resold with marc einstein, chief analyst and Digital Services at itr corp. He said if the momentum is sustainable. I cant really remember the last time we were talking about triple digit growth in the tech industry. So this is very exciting but, as youve said, this is being driven by the Big Data Centre players, and they do have a buying cycle and so i think we need to be a little bit cautious when we think about, you know, how long we can expect this kind of Phenomenal Growth to continue. Well, nvidia also announced that they will be having a 10 for 1 stock split. What does that mean for investors . I mean what it really means is this is becoming one of the largest held retail stocks. And so, you know, were going from institutional to retail and that will change the Price Dynamics and the outlike of the outlook of the stock as well. And the outlook of the stock as well. And Artificial Intelligence chip
Gaming consoles, has been transformed by demand from data centres, which are at the heart of the generative ai boom and have sent its share price on a tear. The stock . Well, its up 97 this year alone. We had more insight into nvidias results with marc einstein, chief analyst, telecommunications Digital Services at itr corp. I asked him if he thinks the chip giants current momentum is sustainable. I cant really remember the last time we were talking about triple digit growth in the tech industry. So this is very exciting but, as youve said, this is being driven by the Big Data Centre players, and they do have a buying cycle and so i think we need to be a little bit cautious when we think about, you know, how long we can expect this kind of Phenomenal Growth to continue. Well, nvidia also announced that they will be having a 10 for 1 stock split. What does that mean for investors . I 10for1 stock split. What does that mean for investors . I mean what it really that mean for investors .
Through may 1. I know these are now Rearview Mirror probst. A harsher view on inflation. And the market got caught. The dow going down 200 points. And nasdaq climbed. 18 . We were doing fine today until these remarks were released. And then we had the sudden drop. Long since forgotten. Now what the heck id the feds say three weeks ago that could scare the markets so badly . Look, they were lamenting and inflation has not come down fast enough and might even be ticking up. Ever since the fed put the fall into normal rate hikes, which caused the stock market to go up. Well, the feds have been waiting for the stocks to roll over. They were hoping it would go down faster. Hey, so is everyone else. But in the three weeks since meeting, guess what . The minutes that the meeting reflected, everything is going the feds way. And indicating the economy was going, and the wages were stabilizing, usually an important report. I bet they would have been a lot less hammering, and it might have been p