Even if all those stuff matter today which the dow lost 222 points maybe we should leave room for Something Else maybe we should leave room for leadership the kind that allows companies to transcend macro out performance. Leadership like the kind of leadership we are getting from dr. Lisa sue, the ceo of amd for those of you who have been living under a rock, lisa sue, may be the formal executive at our time she arrived to our country she went to mit where she picked up her bachelor and masters and phd, shes a total east coast heavy weight she came to amd in 2012, took over ceo in 2014, back when the stock was trading at 2 bucks at the time amd was one of the worth Balance Sheets of any publicly traded company. Lisa su is one of the most competitive people i have ever met even though her background was not engineering. She knew it before she could design new chips that was the only way to go after their arch rival intel when su did raise the money, she got everything she needed and she
Sell, sell, sell, sell it is a mistake to sell. This president hates being blamed for lower stock pric pri. The negotiation yesterday, you have a second tweet storm where he reversed himself or offset some of the damage bye, bye, bye the dow surged 35 points his tweets bring new light into the stimulus talks creating the biggest surge since july and thats not the only certain watch. We know democrats and the House Judiciary Committee did Something Big today. They want to break up some big tech it is some of our favorite stocks i am going to defend them. The house is concerned because they think they got monopoly power. We cant get away from washington for a minute. Let me say flat out. I dont like monopolies. They are bad they cut the heart out of the small and medium size businesses our whole system is based on competition. Without it, big business have no incentive to improve are facebook, apple, amazon and alphabet really monopoliemonopos oh, i am not convinced these companies have
Year can it keep rolling on mad moneys jim cramer is with us for the hour the Halftime Report starts right now. It is great to have you with us on this monday. Our Investment Committee today, joe terranova,ster know, and jon najarian and cnbcs jim cramer, host of mad money. Always great to have jim on the desk earnings economy and Rate Decision front and center and President Trump firing off on the fed once again tweeting that the fed raised rates too early and too often and said a small cut isnt enough meanwhile janet yellen giving her thumbs up for a cut. Although the u. S. Is doing well, i would be focused on wanting to keep it doing well, to keep the expansion on track, and i think in light of the risks, i would be inclined to cut a bit. I wouldnt see this as the beginning unless things change, of a major easing cycle. Cnbcs senior economics reporter Steve Liesman is here as well to give us his two cents and much more, i hope. Its a foregone conclusion in terms of what the fed will
The nasdaq got spanked and slit 1. 6 but the average value 29 points in an it is passion of the upcoming rate cut, the first in ten years allow me to set the stage, on wednesday fed chief jay powell will give us the read on the economy and announce a quarter point rate cut to breathe now life into a business situation for many different industries. I know there will be sticklers that say with unemployment with the lowest level since the 1960s, it is ridiculous for the fed to think about cutting rates. Others like President Trump think a 25 basis cut isnt enough the president endlessly tweeted the Federal Reserve is way too tight monitory policy has been holding back the economy did it again today when your Interest Rates are too high, the currency gets stronger versus the rest of the world our rates are much higher so the dollar is very strong and makes the internationally Oriented Companies far less competitive and can hurt the Auto Industry and housing industry both of which are weak
Its the late show with Stephen Colbert. Tonight its more moore. Plus, stephen welcomes mark hamill and bobby flay featuring jon batiste and stay human. And now, live on tape from the ed sullivan theater in new york city, its Stephen Colbert cheers and applause cheers and applause . Stephen thank you very much. Thank you all good . Excellent. Hey, everybody jon batiste as i live and breathe. Hows itin it going . Good to see you. cheers and applause welcome, everybody. Please, sit down youre very kind. Sit down please, enjoy the seats what do i have there . Thank you, sit down. Please. Sit, sit, sit welcome to the late show. Im your host, Stephen Colbert. Is it off . Did i get it off . I came to the station tonight crawling through the steam tunnel. I got dust on me. Its friday, a big weekend ahead. Everybody is everyone is gearing up for tuesdays special election in alabama to decide the fate of Senate Candidate and billythelikeskids, roy moore. Eight women have accused moore of Sexual