Its a take over tuesday. Weve got a lot of deals to tell you about, and were going to break them all down for you. Finally this morning, apples big event is tomorrow. Were looking ahead to what infectors should expect, but stocks are set to open higher after the u. S. Added 151,000 jobs in august, investors still aer watching the fed, in anticipation of the september meeting and donald trump speaking out on rates in ohio yesterday and sounding quite different from an interview he did on squawk box back in may. Heres those comments what he said a couple months ago. Ive always been a lowInterest Rate person. If inflation comes in and we dont see any signs of that, but inflation starts coming in, thats a different story, then you have to go up and slow things down. But right now, im if for low Interest Rates and i think we keep them low and we have to compete. Theyre keeping the rates artificially low so the economy doesnt go down so obama can say he did a good job. We have a false econom
Oil minister made strong comments about Production Cuts. Were going to look at the ripple effects across the energy market. Honeywell singing a different tune. The United Technology is about the prospects for the merger of the two. Target and lowes. Both retailers are in the red before the bell. Stocks falling all around the globe. The saudis ruling out this Production Cut and then data from the api showing a bigger than expected build in u. S. Crude. Of course, well get eia cue out with its own inventories in about 90 minutes. Its been a rough couple of days. Both the chatter and that, jim. Its a hoax, the deal. What they basically said is were going to produce a lot more if iran and iraq produce a lot more. Theyre good for about 3. 25, 3. 5 a day. Not only was there never any deal but they went up to 11. Theyre doing 10. 5. All these people who came on and said they dont care, are they out of their minds . Whats it been . A year and a half . Lets go over the numbers. U. S. Crude slip
What do we bid on when the market comes in from the auction or because theres too much profit not to take something off the table. What can you still sink your teeth into . As the averages barely budget, dow up 11, s p slipping to. 06 , thats 9 , and even after years and years of managing money in some form or other, these questions swirl through my head as i look over todays action after a big up day yesterday. It is always like this, the big rally, the consolidation, trying to pick what can still move and making sure that you wont buy something that wont be able to will rally because its just plain bad. Now we had a momentum market going here, meaning investors are chasing whats hot and if you dont mind buying high, theres plenty to choose from. It is just ramping and hey, you can buy netflix, amazon. The two sainted stocks that dont need to show earnings as theyre all about the love of their customers. You can use the big secondary offering from facebook, and 41 million shares from
Time since 2012. Maybe stocks are slowing because of the hunt for yield, the tenyear treasury note below 2. 6 . Whats that sound . It is realtors dancing as Mortgage Rates are likely to fall back again. Europe as you can see with the exception of what looks to be switzerland or lichtenstein is down. Our road map begins with apple and one very large acquisition. Talks to buy beats headphones, dont forget the streaming service for 3. 2 billion and create the first hiphop billionaire, we will address some skepticism from the street. And getting divorced before they got married. Publicist and omnicon calling off their merger. Ugly breakup in the ad industry. Somebody call john ham. Ralph lauren and the gap out with results. Ralph lauren beat, warning about shrinking margins. Ralph waging its Global Expansion at the begin of margins. Were calling it straight out of cupertino. Apple in talks to buy beats, the streaming Music Service founded by producer dr. Dre and jimmy i owe veen. Surprise
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