He says the q1 data was, quote, notably weak. The march picture march jobs numbers brought the jobs picture, quote, down to earth. Now, he does talk about this issue, was it partially explained by trance tore factors, we dont know yet but lower gas prices havent as expected boosted consumer spending. He says net exports are down as a result of the strong dollar and manufacturing has softened considerably. He does see growth picking up in later quarters but he says the evidence of that is not yet in the numbers. I guess ill throw back to tyler or mandy right now but this is a bit of a change in my opinion from a guy who was talking pretty confidently about june to september now saying you know what we need to wait and see a little bit. Steve, thank you very much. Mandy and i are both here by the way, welcome everybody to power lunch. Lets go down to dom and see if theres Market Reaction from these remarks. Youre not seeing a whole bunch of reaction but the dow industrials still here off
Job which is what happened today. With the dow roaring 206 points s p volted 103 points. I know plenty of team think all that matters is washington i think that all that mat is getting washington out of the picture which may be exactly what is happening now that compromises is in the air. Extending borrowing until february of next year and stop the Government Shutdown with agreement to Fund Operations million january 15. If we dissect this one day, one day in the life of the market, you can see what the stock world looks like when washington is not wrecking the economy. The good news i was up all might. I will share that with you. It started at 1 00 a. M. When santafe announced results for a drug i have been calling you, anticholesterol from merck. This compound that reduces bad cholesterol that cant take the current statin drugs could easily mean 3 billion in sales. A blockbuster that will be fast tracked because of the results. Thats why regn jumped 17 points in one session. Few hour
Which is what happened today, with the dow roaring 206 points s p vaulted 103 points. I know plenty of people think all that matters is washington. I think that all that matters is getting washington out of the picture which may be exactly what is happening now that compromise is in the air. Extending borrowing until february of next year and stop the Government Shutdown with agreement to Fund Operations until january 15. If we dissect this one day, one day in the life of the market, you can see what the stock world looks like when washington is not wrecking the economy. The good news i was up all night. I will share that with you. It started at 1 00 a. M. When sanofi partnered with regeneron, announced results for a drug i have been calling you, anticholesterol from merck. This compound which reduces bad cholesterol for those who cant take the current statin drugs could easily mean 3 billion in sales. A blockbuster that will be fast tracked because of the results. Thats why regn jumpe
Im jim cramer. Welcome to my world. Theyre nuts, theyre nuts. They know nothing i always like it say theres a bull market somewhere. Mad money, you cant afford to miss it. Im cramer. Welcome to mad money, welcome to cramerica. My job is entertain, coaching, educating so call me. After todays not so hot action, dow dipping 21 points, down 1. 2 , nasdaq off. 83 off worries the Federal Reserve may allow Interest Rates to rise because of a stronger economy, you got to ask whether the Dow Jones Industrial average in 2013, beyond that unsustainably fabulous first day of the year. Despite yesterdays rally, you got to be a little suspicious, skeptical, critical, about how poorly the dow perform last year versus the s p and nasdaq, finishing up a pathetic 7. 26 . While the nasdaq climbed 15. 9 and the s p gained 13. 4 . Who are the culprits behind the dows underperformance . Who did well, though, in a futile attempt to save the index . And whats next for the venerable but oh, so out of sync 30
Im jim cramer. Welcome to my world. You need to get in the game. Firms are going to go out of business and hes nuts. Theyre nuts. They know nothing. I always like to say theres a bull market somewhere. Mad money, you cant afford to miss it. Hey, im cramer. Welcome to mad money. Welcome to cramerica. Other people want to make friends. Just trying to save you a little money. My job is not just to entertain you but educate and teach. Call me 1800743cnbc. Dont you just hate reality . Boo dont you hate it when you know the numbers are too high or the world is simply not yet in a place where you can be confident that things are okay . Dont you hate that members of the Federal Reserve think that we have reached a great place so it is time to stop helping the econo economy. Dont you hate that washington doesnt care what place that we are in at all. Dont you hate that karma. House of pleasure. House of pain. Down 55 points today. Nasdaq declining 42. 3 . You know i hate all of these things. Wha