Me jimcramer. Can you believe ive come out here for 12 years telling you hey, im cramer and i got a oneman show about business . Oneman show about business. Every night for 12 years for heavens sake. In tv thats like 100. In a day where the dow dipped 44 and s p declined and nasdaq lost. 32 , i thought we should use this Anniversary Show to talk about what ive learned from you. After all, this is the most Interactive Television show in the world. I take calls in the thing, darn it. Weve listened closely to what youve asked and you know what . We had to change over the years to meet your investing needs. Most important thing weve learned in the last dozen years, weve learned to teach more and pick less. Back when we started the show, we used to do a ton of stock picking. Look, it was a raging bull market. People wanted ideas, so what did i do . I obliged. As the show evolved, though, we recognize picking stocks was less important than teaching you how to analyze the stock. We needed to
Looking overnight in asia. The nikkei droez edclosed down. The hang seng down. The shanghai was up 0. 3 . In early european trading, the dax is down. Down by 0. 4 . Ftse is off by a half percent. If you look at the tenyear yield, continuing to watch that yield below 2. 4 . Yesterday 2. 352 . This morning it looks like the tenyear is yielding 2. 357 . Crude oil prices, which have been above 50 over the last several sessions are up once fwan th again this morning by 3 cents. Some Market Movers yesterday. A lot going on. Really demonstrating how sensitive the market is shethes days. Paul ryan suggesting tax reform could take longer than expected. The possibility of tax reform did you forget your contact lenses . No, no the possibility of tax reform has been a big issue on the table. The house Tax Oversight Committee is planning thearings in connection with the tax reform. No sound bite . No sound bite. You went right through it. Was there a sound bite . There was. Lets get the sound bite
And coming up, chuck robins talking earnings. Thats moments away. Our top story in s. An egyptair flight. This appeared from radar over the mediterranean. They had 66 passengers and crew onboard. Weve been watching this story and she joins thus morning. Good morning. We just heard from the minister of Civil Aviation in egypt. He said he is launching a joint investigation with french authorities trying to find out what happened to egyptair flight 804. The big question Going Forward is what exactly happened once this plane left the radar. What we understand is that happened around 2 30 a. M. They were 20 minutes from landing. This was in the southern mediterranean. The Greek Defense minister saying that the plane was making sharp swerving moves before it was lost from the radar. Now what we heard a few moments ago from the egyptian authorities is the reports coming out of greece were as yet unconfirmed and they said theyre going to refuse to provide this plane anything but missing until
The dow yesterday. But these were some big swing as people were trying to digest what this means for potential for a hike. If we can. We can look at the prior day at some point. Watch the tick by tick for the day. I thought i saw most of the swings. Before too, yeah. Maybe it is going to be a monday up, tuesday down, wednesday up theres the tick by tick. But it was a fairly erratic day. By 210 it went from up over a hubs or 2 15 it was down over a hundred. Well continue to talk about this today but it does look like june is potentially a live meeting at this point. Also crude oil this morning. Another big swinger yesterday. Ended down after being up sharply. Down 2 . Lets talk about our top story this morning. An egyptian plane carrying 66 passengers on crew on a flight from paris to cairo disappeared this morning over the mediterranean. It was flying at an altitude of 47,000 feet when it disappeared in egyptian air space at 2 30 a. M. Loik local time. Hadley gamble joins on the squawk
Down. Goldman says we may be stuck in this range for awhile. Lets start markets and fed today, jim, a lot of discussion about whether it would be a good idea for yellen to say lets have a presser in july on the off chance we move. We might be able to explain it better. I think that would be terrific. I think yellen has been the person who has been the least yelling. She doesnt yell. She is considered. When you have someone considered as she is. She is looking at the data. A lot of people criticize the fed. Im not going to. She is trying to arrive at the right thing. Imagine if you tighten it and they got the 38,000 number. They dont know what theyre doing. The evidence shows they do. The endless criticism of all Federal Reserves and all of Central Banks around the world bothers me. I dont think im a fan because he had to reverse rate hikes. I dont know what japan is doing. They seem erratic but im not a critic of the fed. I think the fed is trying it do it right. I think yellen will do