But its a mostly positive picture in europe and the roadmap today starts with what else but the markets set to open higher yet again after comments from russian president Vladimir Putin but with the fed meeting kicking off today will stocks go back to trading on news from this country. After a long wait one of microsofts flagship programs is coming to your i pad, well tell you which one in just a moment. And theres a new player joining the used video game market and its the biggest retailer in this country. Find out if used games will boost walmarts stock a little later on this hour. Wow, we got a big day, jim, and most of the news today, the news flow, is coming out of russia. Yes. Putin is responsible for the futures being higher. Well, obviously took a big position at the close. Do you think that do you think facetious and here comes another facetious comment. I saw you said that norway and ireland are down. Dublin and oslo worried about putin coming in there. I love the idea that s
Said he would be a good boy or come rad. The dow climbing 89 points and nasdaq falling 1. 25 . I have to tell you if thats what you thought was happening, youre missing the point of how markets work. Let me put on my defrocking hat and away we go. Heres the truth. We rally because in the absence of any genuinely bad news from overseas. Heres what happens. We focus on whats really going on in the world of profits. Profits are what matter. The rest is all distraction unless it deeply impacts or hurts the numbers. Let me tell you how things play out. An event occurs overseas. Immediately its perceived as being threatening to the interest of the United States in one form or another. We know this because someone in the state department or the president or maybe just some negative analyst tells us so. Incidence tantly the Hedge Fund Managers take action. I happened to be rerouting my hedge fund last night. I think its because these guys are paid to be right all the time. They have to make mo
Im jim cramer. And welcome to my world. You need to get in the game. Going 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, trying to save you a little money here. My jobs not just to entertain, but to educate, teach you how the market works. Call me at 1800743cnbc. The script right now says the companies are supposed to be performing horribly. Were supposed to be geared for disappointment. Which makes it so unfathomable that the averages rally today. Dow gaining 62 points, s p rising. 27 , nasdaq climbing. 45 . What do you do . I have to put myself in the mind of the market. What do you do when a gigantic fortune country you havent heard of but with everything with testament what do you do when they say things are much better than expected . How do you spin that story negatively, darn it .
Off losses, germanys confidence number a big miss, down eight straight months as the conflict takes a toll on that economy. We begin with the markets, futures flat as putin sends and aid convoy to eastern ukraine, and german Investor Confidence plunges. More than just price. New details on why amazon is taking on disney and what it means for amazons already paper thin margins. Telsa after a big day yesterday has a less than glowing review from Consumer Reports. Well tell you why. Stocks up hope to continue after the dow and s p have the best gain in four months. Concerns, though, about the ukraine crisis causing geing ge Investor Confidence to fall. Q2 profits for the Banking Industry rise to the second highest levels in 23 years, of course, thats not translating into stock gains. Kpw bank index down almost 1 year to date. Jim. Theres a lot to digest. I dont know if you want to start with the economy or banks here . Yeah. I mean, these numbers come out, say, okay, well, wait a second,
Im jim cramer, and 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, trying to save you a little money here. My jobs not just to entertain, but to educate, teach you how the market works. Call me at 1800743cnbc. The script right now says the companies are supposed to be performing horribly. Were supposed to be geared for disappointment. Which makes it so unfathomable that the averages rally today. Dow gaining 62 points, s p rising. 27 , nasdaq climbing. 45 . What do you do . I have to put myself in the mind of the market. What do you do when a gigantic fortune 200 company you havent heard of but with everything with testament what do you do when they say things are much better than expected . How do you spin that story neg