Some gains. Remember, we were up big yesterday, raising some cash. Were still very close to the highs. Dont say i didnt tell you at the top if youre just a couple of percent away. Yo tonight im going to the mattress. Not rely. Stay tunun. Any of the purveyors of the plush, well see if theyre worth owning. Then, a meal ticket out of chinas middle class. Is yesterdays spinoff good news . Plus two of corporate americaa oldest institutions and they just had a merger. Dont miss my take on dowdupont. Todays news. And you know what i suggest you do . Stick with cramer announcer dont miss a second of mad money. A follow jijiramer on twitter. Have a question . Tweet cramer, madtweets. Send jim an email to madmoney cnbc. Com or give us a call at 1800743cnbc. Head to madmoney. Cnbc. Com. I have asthma. One of many pieces in my life. So when my asthma symptoms kept coming back on my longterm control medicine, i talked to my doctor and found a missing piecec ininy asthma treatment. Oncedaily breo p
Prices for the redemptions. This has roiled through this high yield space, as Many Companies have gigantic amounts of debt. They took on durg the days of easy, cheap credit in the housing days. Those days are over. And these junk bond funds, particularly the mutual or open funds, are proving to be disastrous investments. I urged you is to sell the stocks of any companies that are borrowing money to pay their dividends, which is the case of many of the oil companies. Now im including a mustsell for any mutual fund where you are risking your principal to grab a little extra yield. A mustsell. Ive urged you never to reach for yield since the show began. I am reiterating that admonition lets go to next weeks game plan. First, well be on the lookout for more stories about Mutual Fund Redemptions just like we had today. Theyre going to dominate the headlines, because Financial Advisors all over the country were calling their clients all day today, urging them to sell junk bond funds so they
How about that tenyear note yield . We have eclipsed that 2. 5 number. That occurring yesterday. The dollar has strengthened. A lot of people talking about that, as well. We are going to be keeping a close eye on the markets, talking about what you can expect from here given that selloff yesterday. That move up in the yield, as well, in the ten year. We start with really a stunner in the bond fund world. Legendary Portfolio Manager bill gross leaving pimco, the Investment Firm that he founded to join Janus Capital effective monday. Janus says gross is going to manage a recentlylaunched Global Bond Fund and will be responsible for building out the firms global macrofixed income strategies. For those who may not be familiar with the fund marketplace, janus has always been an equityfocused house. Only recently having started a fixed income product, which i believe has about 12 billion or so in it, having started i think in the spring. This is stunning news. Monumental. In particular the m
Youll see them slow down hiring, stop capital xebd churs, capital will go on on strike, it will be a hell of a mess. Leaders of both parties think it would be to their advantage to go off the fiscal cliff. What a 12 straight that is, that we could win more as democrats if we let it go or we can win more as republicans. This whole game isnt about america, its about you who do we make the demss lose and how do we make the republicans lose. People are sick of that and ashamed of it. Well try to rise above all of this today. Our guest hosts will be doing the same. But before we get to all of that, andrew has shall other top headlines. We have some very Important News and serious news. Fighting escalating sharply overnight. Dozens of missiles seen exploding in gaza. Authorities in india have investigating claims a that walmart violated exchange rules. Direct ownership by foreign firms was prohibited. Walmart has denied any wrong doing. And the news comes a day after walmart reported disappo
Between the u. S. And iran fail over nuclear weapons. Overall, a busy week over earnings and yellens confirmation hearings later in the week. The markets potentially taking a breather after the dow hit a new high friday, both it and the s p closed down a fifth consecutive week of gains. Volatile after Irans Nuclear program stumbled. Amazon strikes deal with the u. S. Postal service to deliver some packages on sunday, while the chinese rival ali baba wraps up 3 billion in one day. Transocean has a proxy battle. Well talk about that. We begin with the dow coming off another record high t. Blue chips up 4. 5 , marking five consecutive weengs of gains. Following one of the papers today, the front of the journal arguing the Retail Investor is somehow back. Stocks regain broad appeal, mom and pop, are they finding the markets again . My favorite subhead on that is, if you go on the web, you will see, its bad. I love it. It says, they used cause for concern in the newspaper version, but in th