oil falling back after yesterday s rally and the biggest inventory draw in 17 years. our road map begins with outrage over wells fargo. the bank settling a fraud case that said employees issued debit cards and transferred funds. twitter shares down after a 6% drop yesterday. the board meeting. we will give you the details. and more fed speak sending futures lower. shaking things up. speaking of which, stock futures are lower. the boston fed chief saying a reasonable case can be made for hiking rates. he says low rates increase the chance of overheating the economy and that not tightening could shorten the recovery. he is a voting member, jim, and historically relatively dovish. right. i think this is again trying to prep everybody there s a rate increase coming. i ve been saying that. that s why the bank stocks have been acting well. we will have to talk about wells. that is the biggest. this is par for what they re thinking about, not looking at the employment number o
in libya. ali baba on the move this morning. noted short seller jim chenos saying he s betting against the company. he s also shorting tesla. we re going to hear what elan musk had to say. donald trump not pull anything punches as usual on squawk this morning. his harsh words for janet yellen. and j.d. has outbased. i go over the ali baba i think the real takeaway is china, consumer spending is very good. that s my feeling. you think that s too brought, brought takeaway? ah, no. i mean, listen, this is the cleanest gauge you can get of consumer spending. the move to mobile, by the way, is really incredible and pronounced. now that, of course, is just something we ve seen across the board when it comes to commerce, e-commer e-commerce. but the numbers were stark. they re now at 70% of china commerce retail revenue generated via mobile. you can see how it s pulling everything up. look, i think alibaba, for americans, it s just yahoo!. something s going on there. n
they are nuts. they know nothing. i always like to say there s a well market somewhere. mad money, you can t afford to miss it. hey, i m cramer. welcome team money. welcome to cramerica. others want to make friends, i just want to make you money. call 1-800-743-cnbc. in the face of crushing declines and a glorious rally and even sometimes plain jane garden variety days in this market, there s a mad money toolbox to help you through and to help you become a better and wealthier investor. tonight i m cracking it open, so listen up! if you re going to manage your own money, you have to recognize the value of maybe one of the most important issues out there, the value of humility, so, please, repeat after me. sometimes, i m going to be wrong. come on, say it. sometimes, i m going to be surprised, and one more. sometimes my stock picks just won t work out. look, i of all people understand that humility doesn t come naturally to everyone but staying umble is important y.?
a bull market somewhere. mad money, you can t afford to miss it. hey, i m cramer. welcome to mad money. welcome to cramerica. other people want to make friends, i just want to save you money. call me at 1-800-743-cnbc. in the face of crushing declines and uproarious rallies and even sometimes plain jane garden variety days in this market, there s a mad money toolbox to help you through and to help you become a better and wealthier investor. tonight i m cracking it open, so listen up! if you re going to manage your own money, you have to recognize the value of maybe one of the most important issues out there, the value of humility, so, please, repeat after me, sometimes, i m going to be wrong. come on, say it. sometimes, i m going to be surprised, and one more. sometimes my stock picks just won t work out. look, i of all people understand that humility doesn t come naturally to everyone, but staying humble is important. why? other than greed nothing has cost more peo
listen up! if you re going to manage your own money, you have to recognize the value of maybe one of the most important issues out there, the value of humility, so, please, repeat after me, sometimes, i m going to be wrong. come on, say it. sometimes, i m going to be surprised, and one more. sometimes my stock picks just won t work out. look, i of all people understand that humility doesn t come naturally to everyone, but staying humble is important. why? other than greed nothing has cost more people more money than arrogance. if you own stocks, you have to accept the fact that you re going to be wrong perhaps even often. as the past three years have taught you painfully the house of pain. your portfolio will get hit with things you never saw coming, things you never imagined, things you never thought were possible. or put another way the one thing you can be sure of when putting a portfolio together is that at some point something is going to go wrong, and it will hi