Somewhere, and i promise to help you find it. Mad money starts now hey, im cramer. Welcome to mad money. Live from minneapolis. Other people want to make friends. Im just trying to make you some money. My job is not just to entertain but to educate and teach so call me at 1800743cnbc or tweet me jimcramer. We got rocked today. And we need to talk about the significance of this break down. By no means was this a garden variety selloff. Not some shrug your shoulders no harm no fall selloff nasdaq plummeted 1. 96 how do we get hit with such a brutal decline if you are experiencing such a placid multimonth rally, tonight we are live so i can explain how it happened. I am going to take advantage of the fact that we are out here in minneapolis for the super bowl and talk to a couple of guys so you can put this in some sort of context. First, before we delve into the proverbial bears belly, we must never forget that we had a terrific run in the stock market the rally brought a huge number of
The 10year treasury yield hitting fouryear high on the news. Now a 2. 80 , yeah, things are getting interested. This is ahead of jobs report due in two and a half hours, economists are looking for 180,000 jobs added to the economy in the month of january with Unemployment Rate holding steady. It was Technology Trifecta on wall street last night. Apple topped expectations, iphone sales were down, short of expectations, a different story for amazon, the Company Posted the largest profit in history. Take a look on the premarket. More on those numbers coming up this morning. Overall markets had a mixed performance. Worst week since september 2015. S p. Take a look at indices this morning, down across the board. 23 points lower, cac quarante down 1 and a quarter percent as dax index in germany. In asia markets were mostly lower with the exception of china, shanghai composite up 1 and a half of 1 . Bitcoin taking a tumble, lost half of its value in just the last six weeks, look at that, 8,14
Olympic doctor, trying to attack him before being tackled in court. I cant stop the feeling cant stop the super bowl feeling. The eagles and patriots ready. The secrets Justin Timberlake is sharing. About his half time show. Will there be any surprise guests . Hmm. Good morning. That was followed by the hmm. Sounds like you think there will be. Two days until the big game. Lets take a look at minneapolis got a bunch of fans getting ready. There they are. Oh, yeah, theyre all set to go. And eli manning is also joining us later this morning. The only person to beat tom brady twice in the super bowl and who was there for one of those . You know, it looks like im choking him. I actually was. We won the super bowl. Yes, we did. Yes, we did. One of these teams on sunday will have a chance how often do you wear that thing . Only when asked to. I really dont wear it very often but when i do it brings back great memories. I bet you it does. Congratulations. Thank you. We begin with the bitter s
And how are democrats going to sell a hot plate of stinky doom when people are getting relief. Believe it or not, thats their plan. Its not the environment for democrats to throw the brakes on economic momentum. When the economy tanks after a republican administration, thats when the democrats can offer the salve of socialism to heal their wounds. But when we are on the upswing, the last thing want to hear from nancy pelosi is this. Well have to repeal and replace the bill. Kennedy reef place fit with what . Hike the tax rates back up . If the democrats dont have a plan, and throwing water on a birthday cake, they will lose if the indicators remain positive. Its the economy, stupid. You dont promise is to repeal something if you dont have a plan, and you dont have a plan, and taxes may be the only thing they get right and the only thing they need to stay in house tour beyond 2018. If they can offer a positive, track tall tax package they would have plenty of takers. Until then if the p
Surveillance warrant on some campaign advisor, carter page. Lets bring in wall street journal, monastics and Deputy Editor Dan Hettinger and potomac watch columnist pam strasser who has been followint story from the beginning. Kim, whats the most important thing viewers should know about the nunez nunes memo . We now have confirmed that a document that was paid for by the Clinton Campaign and by the Democratic National committee was used as an essential part, those are the words in the memo of an application to get a warrant to spy on the right president ial campaign, the trumpcampaign. They should also know that the fbi was not straight up with the court in terms of what it did and did not tell it. It did not inform the court, the fbi did not fully, about the political background of the document. Of the steel dossier. Is that the point . Yeah, the point is not only do they use this document but they did not tell the court was being funded by a rival campaign. Some of the Campaign Repo