Mad Money w/ Jim Cramer 11/4/24
45:45 Share

What's next for america? The morning after breaking election results critical insight from campaign insiders, how voters are thinking about the economy workbox wednesday is special time. Five, A M R C, N, B C.

My mission is simple to make you money. I'm here to level the playing field for all investors. There's always a more work in summer, and I ponder to help you find that they have money starts now.

Hey, cramer, welcome to money. Welcome to crime work. And my friends just trying to make you old money.

My god, not just entertain by deducting tissue. So call me one, one hundred, seven or three. C, B, C, V, A, C cover.

Do we just get a drive in the markets? Ry, action to combat houses win. Don't know that certainly felt did that and all IT was preparation in some socks.

IT was divided for others when the even the election, the deal sinking. Twenty twenty eight boys, there should be declining point to percent, and I like tipping point three, three percent. I'm seeing irony over what's winning and losing pretty much everywhere.

That s are always looking for any sign that someone else knows something they want to get ahead of tomorrow's results. Although for all we know, you could take days or weeks before we both, both can accept the outcome we talk about that night. I will call I just down right over here.

And this weekend, these traders found a new file source of conviction of ty, the and cells, or iv pole, that showed that this is this in the back red state. IT could be going blue. SHE is a great track action.

So people are eager, extrapolate, if I would turns blue, that maybe a lot of safe trump states also save as I will go. So goes the country. I mean, that was certainly a major court today, although I think it's a stretch.

Let's start with the most incredible reactions. The bomb market interest strates went sharply lower today. Now see, i'm so used to hire to interest, going to hire and democratic win.

That just took me by surprise. It's could out of, but the bomb mark is steep, the bomb mark is huge and its judgment is not made on a wim. There are had the billions of dollars invested today on rates going lower of harsh wins the election.

I find that astonied what's behind this enormous looked other candidates campaign to put about budget. But there are endless calculations about how much worse trump would be for the deficit, then Harris would be. The bomb bars know that the potential payments from trump's tvs, one offset is proposed tax cuts.

Again, they're both bad on the budget deficit, but the bomb market really says it's really not love in the big time, bad of tears, hate trump or love trump. You have to accept that the bomb market is saying the industries will go lower if Harris is elected because fewer trillions will be added to the deficit. I supposed to more trains.

yeah. IT really is that strange? Second house wants to subsidize first time at home purchases by twenty five thousand dollars. That's resonating big time, baby, too big time, which makes so called starter homes for a thousand dollars being the sweet spot war today.

But the top brothers, which makes million that average person box, maybe the first time a home bar will get twenty five thousand by to still the stocks running in, which has home Prices all over the place that moved to. And that will go higher if Harris winds. There are nothing like a little solar buying ahead the election is there? The solar socks been a nightmare because the earnings have been subpar, but also because of perception.

The trump believes there's no climate change issue. But today, both and face in fur solar, those represented ones went off, leaving the bears behind. Call me old fashion, but I want to put my money on a solar company that shockingly beat the numbers.

That's next tracker or n. xc. Now, a chap holding did the trust IT did miss this quarter two seasons ago, and that I was infuriating, know, but last time IT did report a phenomenal quarter with the use background pm to make solar more efficient.

That technology allows solar panels to rotate and track the sun, allowing in the maximize power generation. Now what did really nearly six percent? This is the ideal high stock, which is a major reason why we bought IT.

We wanted to hedge our bets. Fourth, the couples and import heavily from china have been bang down for ages after rilling, relentlessly for most this year. Shark and return eight cold late last week.

It's trying to diversify its manufacture away from china, but nobody can do that fast. So there's a relief rally for the first stock of a very, very good company. Same with the which could be a huge winner under house because so much of is cause Better source from china.

But it's all neither. These candidates is a fan of the chinese government, is just the trump s seems to be going for a total shutdown against couples that don't move the manufacture elsewhere, not getting at same by paris. The best tables of Harris factory trade have a consolation brings.

S, T, Z. The best model corona pacific, it's a beer is very high with the diners and the market sensing the immigration would be more liberal in your heart, which means consolation with more customers here, not a stress consolations. Good day on this.

Not only that, but consultations. Beers are made mexico, you know, you can't make a mexia beer. Management is confident they won't be hit with the terrible increase under truck. I'd disagree. I think they will.

Meanwhile, the consolation stocks and the power because of people like me who think they will, it's clear from today that to climb here wasn't caused by early, which have been Better than the other brewers. The dogs were going down on the possible that the trump could slap whatever type few once of these popular imported beers. Doesn't matter what the company says, right?

The traders think they know Better, even if they don't daily locking determine S A ton of stuff in china is rally today. Seems the point toward to harsanyi morrow. It's been getting shelled on both earnings in china is a double play.

Fake can help on earth, but only Harris can help on tabs. Yet he really two percent of their costs of goods are source in china. That's enough to put the stock, but they're doing their best to diversify away from china to other counties.

Can move fast after trun. Nice question time. As you like I said, they put out in peace on yet in recent years, the company is that are light on china.

That was one. So it's been added and push down until today. Now there are some main retailers in reviewed chinese import havens, namely best buy in dix portus.

Now that judge may be lacking in rigor, but these are traders were talking about. They use of mex a ten. You go to best buy a travel trust. You don't see a lot of stop in china.

But why let the facts get the way of a real good story? How about the winter sentier losers under her administration? Traders shelled the health insures all day.

The oxy healthy n men, I got rocked down. These are actually obvious website. Boys, until kenna get selected, then ensures to feat IT out of the present.

Once anyone who gets in the White else is revealed to be all had no cattle when they go against the health insurer, even obama ccr, and there being A M substance, this industry, all right. Now here's the most complicated. One of the hyper scalers met a amazon, outbid microsoft.

They all traded harvey today. So what does that say? He says that the traders are betting that harass will stand by bidness fdc in any trust women who are known to be anti the I scales. Now we know that air on drawn criticism for the fdc that just promise seems to have IT him for albi like another company.

And they recent one, a big case against alpbach less, I forget apple driver ly lower perhaps because just once take IT down a pg, given its dominance, I was hoping that harsh would be more business friendly than bidens. But today's action says, maybe not, IT says, that binds. People are here to stay.

I hope the Marks actually wrong in this one, but this could be real disappointed to those who thought that the dry spell emerging was over. We know there are wall street donors who love to get rid of lindon at the ftc and Johnson cano, the head of vantrasson, but there are no quit propose, if only because you can never really allow politician, as they say, to stay. Boy, if he wants to stick IT to our donors or show independence from them, he can keep conn and cancer on that.

I'd be a macky in the kissing for those who been talking in their book to the vice present. But remember, I said a lot of irony here. The top, the covers that join can in the fdc a piven, they've been fabulous stocks alone name is i'm just having credible quarters and the stocks really big about to change is just shadow boxing.

I am not saying we should have A K N T R canter for canter h etf that let you buy the stocks of all the companies. Justice goes after. I am saying for all the busters, for many others, the stocks have done extremely well.

Hm, maybe andy, trust is not the enemy of my i'm much sure the Marks write about what a harsh person he would mean for business. But at least now we have a blueprint for what wall street thinks. Mean, I like the idea that you can now get to jump on what traders think. Then again, I don't regard traders is the best part guskof anything other than what other slower traders might do within the next day or two, just not worth changing your portfolio. O I say stay the course, go and .

annoy, go.

If you wanna, are you going to get one for that? I'm favorite that. What's going on.

baby? So jim, disney direction try to lead in social media rage and cause claim a proven fail. So how will they partner with an industry leader? like? And when will they start cutting partnerships, your seats that drag them down?

What truly hurting disney is actually the uh, number of people go in the theme parks because movies now on fire. I think E, S. Piano stabs theyve got the cruise coming and the franchise is, you know, rains very strong.

I wish they get rogo with how much money they all come came for o and then I think we get some charity until then. I think people are very concerned that even though the talks up lately, it's not enough now. I don't know if the markets right about a harsh pretences y what mean for business, but at least now we have a blue room for what wall street things that will mean.

And i'm not sure they know given the fact how great the stocks the hypersaline have really been. Now it's certainly that will take your portfolio made money tonight. How is industrial art best responding some latest speed bombs.

I'm learning more with the sea, the to change up to his roster. I'm breaking them down and later pictered down. If this porting report i'm getting an elephant, the oil and gas instate, maybe that a judgement of qatar stock is wrong .

too stable cream.

Don't miss this second of mad money. Follow action. Cramer on x have a question.

Tweet cramer, ash tag mad mansions, send you an email to a mad money C N B C dot com, or give us a call at one eight hundred seven four three. C nc. Had to make money C. What's next for amErica the morning after breaking election results critical insight from campaign insiders how voters are thinking about the economy money your vote swag box wednesday day special time five A M E R C N B C.

What you're going to take for the freak business to finally make a comeback once the fed stop, tighten a lot of a figure that we eventually get a come back in the free hasn't happening. Even with september's double rate cut less fight, we've results from our best less than truck look freed company. A real couple IT also does manage transportation solutions.

By the way, this time there put a weaker inspecting core and IT was a big gunning short for that's why the sock trb four percent covered a bit today at these. That was certainly cheap, but that only matters if the freak business can stabilize. So let's take a close to look at migrants.

She's the chair, cy of arctic. Get a Better sense of a water with the industry, the grounds. Welcome back to my money.

Thank you, jim. There are certainly market headwinds out there, but i'm proud of the execution of our team and feel like we're well position as we we go forward to grow our revenge.

Well, I mean, you think that am I right to believe that if you get like I don't know which rate up, you can tell me what percent rate cut or what number rate cut. But there is a moment where there in where you basically inflected, you get to wear, you can actually raise rates. I see that before. When will that happen or with IT cannot happen?

Well, we certainly follow those trends and you are ready to adapt to them. But you we're really focused on three points of accelerating growth of our company, um improving our efficiencies and innovating. And we feel like if we stay focus there and exceed our customers expectations, we're gone to enhance shareholder value, right?

So let's talk about innovation. You do mention what you like to do more and small business. I see a vital role that arc best can play as we continue to go down this e commerce trend. What do you see in terms of small mini sized business and e commerce, they can generate a good return.

Well, you know it's true that small and medium sized business is sometimes need more help, and you mentioned already are managed solutions and you know that can be play a vital role for them in the management of their supply chains.

Um in many cases, you know that those size businesses just want to focus on, you know, the fundamentals and their business and they want to know that they got a efficiency in their supply ting costs and good sets of options. And we just have a great expertise in that area and can really help them OK. We also do that with larger customers, but we have a lot in small medium size area.

But I know you've got menus from customers is R R allows you just to talk about them and how you've help them do Better with their customers.

Well, you know just not not a name name. But you know to give you some industry, we have a had some great examples over the last year um in our manage solutions, maybe a good examples in the automotive industry where we come in that have had a lot of complexity, you know in uh the remanufactured part of their business and needing to really optimize their modes, sometimes using truck load into an L T L network and that sort of thing.

And we have the people that work side by side with them to make that happen. Another is a multiple and restaurant Operator that again has come back to us used to be an L T L only uh customer for us that come in and to talk to us about using uh mode optimization to really reduce uh their cost and also improve their reliability. And so those are two examples. But what's interesting about our manage solutions is we're seeing the deals that we're looking at me five times larger than they were five years ago, and we had double digit growth in the quarter in that area. And again, these are the most complex um areas um to manage and and we're really excited to come alongside our customers and help.

But when is that going to help their earnings power?

Well, IT takes some time, um you know but we are C R pipeline ful. Um the work that we're doing a to stay close to customers that allows us when we involve multiple solutions to have three times the revenue, three times the profit and we retain the customer five percent tage points more often. And that really results.

And I fall pipeline, it's up forty percent since the beginning of the year. So IT does take some time to work through these deals, make sure we're adding value and bring them on board, but i'm very confident in our ability to do that. And again, we don't stand up as a victim of the environment. What we d like is to control those things that are within our control and make sure our people are executing at a high level.

Do you ever see the railroads with choice come to me in sale? We get doing this precision obviously, there they all do some precision rail now and they're saying we taking a lot of business away from the truckers, but i've not seen truckers ers. There's a lot of business to the rails.

Well um you know I think that's always been a debate um but you know we actually utilize rail in a large part of our our our link hole miles. You know twenty percent of our miles run on rail, but that's because it's an efficient cost area for our customers and works welfare as so you know we don't see uh that kind of change going on, but we're very h focus on doing the right thing for the customer.

We use a lot of partners in our business, and we feel like overall, when a we're doing the right thing for the customer, enhancing the office we have for, but that just enhances shareholder value. And again, you were very focused on Operational efficiencies, too. I think when we step back and we look at work like um in our city routes that we've and added thirteen million to the bottomline for that or we'd refreshed some equipment and improved our costs there by five million um and we send out Operations experts to do training in our largest facilities and gained seven million. Those are the kinds of big chunks of savings, you know that were taking control of and doing ourselves and really improving our margins and enhancing shareholder value.

Now how did you do in terms of of all these considerations just talked about um with the a company you are you are you had a company competition that got here a cyber attack. You also yellow. Have you been able to retain any of the business that you picked up from what happened a year ago?

Yes, we certainly have. We did have some unusual comparison's in october. I think that's what you red. yes. You know in october, october twenty twenty three, we had both of the yellow, the effects going on as well as of s desire attack.

And that tightened up capacity and made last october's what unusual this october had the port strike into hurting, you know, that really had an impact. And so when we're looking at that particular month, it's not a great proxy for you know what's Normal that's going on. And so we're working past that and and again, very focused on growing our revenues, growing up the margins that we have in the business and continue to work well with our customers in a well.

you have right. You can only do what you you can only control what you can ask you, the street is ask you to take over what fedex's business say. They do a dominant, we can do that your art best, you do a good job, and then you to share in seo of work. Thank you. Thank body.

Thank you so much. Absolute conversation coming up.

A changing of the guard in the chip sector as invidia replaces intel. On the downside, es industrial average claim reveals what that means for the market next.

That's right now we learn the doubt er's industrial average, the og, they tell me that means original to the gem, the O G benchmark equity interest is making a couple of changes. Expect them for the open this coming fright. First of deep learning intel, the the point of the ire revolution for prepared that the largest company in the world, this by market capacity tion.

Second, changes less high profile. They are moving dell inc. That's the old comedy chemical make. That actually is lot more preparation, he says, if they were shown with is all about paint encoding, could the S P D S, the keeper, the major averages, they want more represented exposure to semi doctor materials? I don't blame.

This is a big part economy plus because the doctors and just rivers is waited by Price. This is really hard to waited by Price rather than market cap. Lower Price stocks like doubt or until that we don't have as much of the impact is a higher place was I know we're going to do this.

We never do I would never do that. They don't call the Better, more index for nothing. That's why the two highest waited stocks in the average united health group in golbin socks, they each take up more than eight percent of the way is because they both have share Prices north of five hundred dollars.

Just find every my soft em, but because they're both the neighbor of four hours but IT in tells twenty two doors year race laws, the deal and huge part of economy use part of the huge part of everyday. Similarly, only material stock in the index with is roughly forty eight dollars pressure that means materials can for us, and point eight percent of debt. Now what do they present of? But until I present the semis and they representing the material code, they in their industries are barely reflected in the index at all the moment that invidious server naming take place of interest down their trip.

Al digital ck Prices mean that the semester industry and material sector will have a much larger way in the index. But that did these changes really matter? Let's do with the site less despite video point five percent move today, IT was much, much hired, by the way, one point.

And what is more thinking? I I don't think that makes sense for the to row in the news being at the S P, I ve had down. That's a big deal because there are tons of index funds that exist to mere the S M.

P. So those funds are forced to buy the stocks in question. It's what everyone talks about.

Yes, big. But you see there's very little money index to the daily days. So IT shouldn't have much of an impact on the star. No one has to buy these stocks when they're added on friday. Frankly, when I heard these changes this friday, my first reaction addition of video was is about time. It's wild to remember that invidia only passed intel market cap mid twenty twenty and now the second largest company in the world, with the market kept in thirty four times the size of an intel.

Then again, the market didn't truly appreciate any video, untold the watch of ChatGPT in late twenty twenty two until they hardly anyone in appreciate the potential or general AI of generally of general AI or of accelerating puting, except for maybe as I know before then in videos, spent years gaining ground topic because it's G, P, S, put to be the fastest, best chips for the dataset. And they are used most for gaming up. But back then comes like AMD, even intel, where at least close in that space, there is sociable products to the market, even if they weren't as good as videos.

However, with the most recent high and chips, including the news black platform launching right now in venis in the league of its own, when IT comes to A I or exalted both of them, mds pretty AR behind an intel basic, has little right now to offer. We bought AMD for the trust today. why? Because there is room for two.

An AMD is going to gain over time. So everything else decide. Putting intel from the dal and replace with the video makes perfect sense and tells join the induction ninety nine nine one is the most important semicircle c company in the world, but now this is the most important semiconductor in history spot you go to back in one hundred and ninety nine, almost exactly twenty five years ago.

Today, the daughters and just average made a really big move to modern ized itself. IT was shocking. I member, what to happened? They brought in intel, microsoft, homework and S, P, C communications, which is not part of.

They replace good, your tired boy thought by merge, and which, by the way, was later react kind of strange, into a bike software. Actually the first master list stocks to ever join the index. They kept up with times, and now the demonized himself again.

If I want to keep up with times. While invidia certainly not a new name, it's on a new company already thirty years old. IT represents the most cutting edge technology in seven thousand space.

Intel feels of time more like a fox. As for the other change, I don't know, dropping down in places with show wms, this feels less consequential to me. While the overall index waiting for the material sector should grow, thanks to the stocks spiring seven four hour Price tag, what's really more for consumer play, right? I mean, you buy, I buy.

Well, that was livid to industry and markets show reams manly souls paint desk moi campus at the basic building box of or manufacturer plus. Aside from the sector clarification, i've not sure what the doubles and just average gets from certain limbs that I didn't really have them home people, which then again, we're talking about a high quality copy here with a strong stocks. So I can't complain at the end of the day, they are basically swapping out one sid local story for another.

But charlie s has been a much Better performance than double late. When you look at the stocks, dals been training sideways or even training lower for the past four years. But sure, leam's is definitely in higher even when the fed reduce ly raised IT retraite, something that Normally crushes and the connective, sure, we us was able to work as way higher pass.

It's almost triple size of deal by market cap. All of these things. What to say? The deal strain s so we have to talk about that market cap at last, not the sock Price really know.

I keep thinking the keepers of the data just is a high grading to replacing a couple of formers. Sure, they want the indexing were represented the monetary y, but when the major averages make changes, they generally try to improve the quality their components do. And that's what inx funds have.

Becomes such a staple, the nh, the mirrors, are more actively managed than most people think. The bottom line, the dr to justa average has become steadily less well vant over the over the years. And that's in part because that this old fashion system are waiting by Price.

And I just described, ed, both because this components sent a life far behind the development of the economy itself. There is a reason that there is only a twenty six percent since the end of twenty two as A B game 4， nine. And that act composing a well, these two changes announced party won't change that.

There are change the surely a step in the right direction, especially the decision. You excell intel and roped in video. Although I will say this, they may have dumped into if what could be the bottle fill in, rocha fill up.

Do in real well, try to just trying to figure out what what the light out of the election and I find just grow my hands and focus on sake. One barkly backlight. What time you yes.

i'm going here. A million can hear. A million.

Better million is good news as far I can show.

Yeah, yeah. Tomorrow a big day. Tomorrow a big day.

And everyone ee's got, remember to vote. Everybody I know was voted already, I don't know, was so as and body, except for me. I like the bottle on, I don't on election that seems was coaching. So go here. Let's let's go to work.

Yeah, well, I can be a couple of times because the light were warm that I consist and was able to get a early. Alright, I want to talk about stuck that I bought for my great kids. Okay, OK, I bit maybe on a monday and I think wednesay is a IT had turned to put.

okay. Now the with good, okay, yes, Better day. About a couple of days ago you were talking about E.

P. S. How important? Any surprise? Ah yes, is twenty one. okay? The revenues are thirty person first quarter.

And the other thing that I don't understand, maybe you could tell me, is absolute booking was very strong. I am not sure about what that mean. Maybe he explain here to me.

But anyway, i'm talking about this in a little more because I didn't buy much, and I think I got buy more than a great time. So I wanted do that. The stuck is shame.

Technology we are doing with a dave, regular man. He is a hitter. okay? So this is a company that does basically know its climate solutions that used to be a fact. I regards climate solutions because they have spent a lot of time trying to fear what to do about the climate is not hurting IT.

And when you hear those orders, that means there's so much big business that they have that they can they can book IT, but they can all do IT as I buy an ideas when you bring in train, it's an excEllent company. You don't go for your grandkids members up use this year cells in thirty four times times to come down a little. But please understand, great, comply.

The double Jones is to become steadily less relevant over these years. You see why? All that explain I do about the market cap perses. If you changes announced on friday that I can change that, but there's always step in right direction. I much were made money, including my super cota, a kotara energy for slide on last meeting, what that's about plus at a strong APP p on amazon numbers from europe, are we overlooking some great stories from across the pond? I'm going to give you my test on global and stay.

What's next for amErica the morning after breaking election results critical insight from campaign insiders how voters are thinking about the economy swap box wednesday special time five A M E R C N B C.

That's fine. Now we learn the doug's industrial average, the og. They tell me that means original to the gem, whatever the O G benchmark. Actually, indus is making a couple of changes. Expect them for the opis coming flight. First of deep learning to the the pint of the eye revolution for prepared that the largest company in the world, least by marking second change is less hyper file. They're moving deal ik, that's the old comedy chemical maker, actually is lot more prepared, he says.

If they were shown with is all about paint encoding could be the S B thousand and see the keeper, the major averages, they want more represented exposure to the M I don't be economy waited Price really hard, waited by Price rather than market cap lower Price stocks like doubt or interesting, we don't have a much more impact, is a high place. I know we are going to do. We never do.

I would never do. They don't call the Better, more index for nothing. That's why the two highest waited stocks in the average united health group in golbin socks, they each take up more than eight percent of the way, is because they both have share Prices north of five hundred dollars. Just find that remark soft y but because they are both the neighbor four dollars.

But IT IT tells twenty two doors year race lawers in the double means that accounts for some point ports, the problems of the thirty stocks, the doll, the only seven the technologies used, part of economy use, part of the use, part of everyday, similarly douse the only material stock in the index, which is roughly forty eight dollar Price pressure. That means materials carefully in point eight percent. Now what do they to make? The shade is supposed to be the someone present of the economy in the market, but within a, and that represent the material code.

They in their industries are barely reflected in the index at all the moment. In evidence, certain ways take place of intelligence. The triple digital al Prices mean that the semiotic industry and material sector will have a much larger way in the index.

But than that to these changes really matter, let's do with the site place. Despite the video point five percent move today, IT was much, much hired, by the way, at one point. And someone is what you thinking I want I don't think that makes sense for the terri in the news being out of the S.

P. Of now. That's a big deal because there are tons of index funds that exist to mere the S M.

P. So those funds are forced to buy the stocks in question. It's what everyone talks about this.

But you see there's very little money index to the daddy stays. So IT shouldn't have much of an impact on the star page. No is no one has to buy these stocks when they're added on friday. Frankly, when I heard these changes, I fight in my first reaction addition of video was it's about time.

It's wild to remember that the video only passed intel marking cap mid twenty twenty and now the second largest company in the world with the market cap of thirty four times the size of then again, the market didn't truly appreciate any video and told the ones of ChatGPT in late twenty twenty two. Until then, hardly anyone in appreciate the potential or general AI of generally of general AI or a accelerate computing, except maybe I know before then the video spent years gaining grounds and tell because it's G, P, S, who to be the fastest, best chips for the dataset. And they used most for gaming of.

But back then, computers like AMD, even intel, where at least close in that space, they are source able products to the market, even if they weren't as good as videos. However, with the most recent high and chips, including the newest black platform launching right now, is in league of its own. When IT comes to A I or exotically, both of them and is pretty far behind.

And until basically has little right now to offer, we bought AMD for the trust today. why? Because there is room for two.

An AMD is going to gain over time. So everything else decide, bring into from the dal, and in replacing the video, makes perfect, is and tells join the induction. Ninety nine nine one is the most important semiconducting c company in the world.

But now this is the most important semiconductor in history, is about to good back in one thousand and nine nine, almost actually twenty five years ago today, the daughters and just drivers made a really big move. The modernized itself, IT was shocking. I member, what happened? They brought in intel, microsoft, homework and S, P, C.

Communications, which is not part of that. They replace good, your tired boy thought merge, and which, by the way, was later react kind of strange. The microcode are actually the first mask listed stocks to ever join the index.

They kept up with times. And now that does boniest himself again. If I need to keep up with times while in video is certainly not a new name, is not a new company, only thirty years old.

IT represents the most cutting edge technology in space. Intel feels a time like a fossil. As for the other change, I don't know, dropping down in places show wms.

This feels less consequential to me, while the overall index waiting for the material sector should grow. Thanks to the stocks sweeter setting for our Price tag. What's really more for consumer play, right? I mean, you buy, I buy.

Well, that was livid to industry and markets. sure. what? Liam's mainly so pain dsc modi campus s at the basic building box of all push.

Aside from a sector specification, i've not sure what the doubloons industry average gets from certain wims that I didn't want to have some homework, which is then again, we're talking about a high quality copy here with a strong stocks. So I can't complain. At the end of the day, they are basically swapping out one sid local story for another.

But sho wimps has been a much Better performer than double ley. When you look at the stocks, dals been trading sideways or even training lower for the past four, five years. Bams is definitely in trading higher, even when the fed refuser raised to retraite, something that Normally crushes anything.

Connect, sure, one is was able to work its way higher, but it's almost trip al, size of deal by mark, cap, all of these things, what to say? The deal strain is. So we have to talk about IT that market cap at last, not the stock Price really though I T taking the keepers of the double age or high grading process, replacing a couple of performers they want, the indexing were represented the money economy.

But when the major average make changes, they generally try to improve the quality their components to. And that's what inx funds have becomes such a staple. The nhs, they are miring, are more actively managed than most people think.

The bottom line, the doubtful of just to average, become steadily less relevant over the over the years. And that's in part because that this old fashion system are waiting by Price I just described, both because these components sent a life far behind the development of the economy itself. There is a reason that doesn't of twenty six percent since the end of twenty two as A B game, forty nine percent that's act passing a 7 four percent。 These two changes won't change that there.

A change is a surely a step in the right direction, especially decision to excell intel and rope in video. Although I will say this, they may have dumped into and what could be the bottom? Philip, work, CarOlina, fill IT .

all in to figure out .

what what to like out of the election. And I find, just grow my hands. Focus on set one barkly blip. what?

Yeah, i'm about thirty million and three million.

Millions is good news as far I concern.

Yeah yeah. Tomorrow a big day. Tomorrow a big day. And everyone's .

got remember to vote. All almost everybody I know was voted already. I don't know the sole as and body, except for me. I like the bottle on I don't on election that seems was coaching. So go head, let's let's go to work.

Yeah well, I to be a couple of times because the light were war that I consisted and was able to get a early, my own good.

good feel.

okay. All right. I want to talk about a stuck that I bought .

for .

my grandkids o and I think when the day is IT has a turn in report okay, now the the the with good, okay, yes, very day. About a couple of days ago you were talking about E, P. S how important any surprise? Ah yes is twenty one is okay, the revenues thirty percent three quarter.

And the other thing that I don't understand, maybe you could tell me, is absolute booking was very strong. I am not sure about what that mean. Maybe he explain here to me.

Anyway, I think about because I have didn't buy much, and I think I got buy more than a great kids. So I wanted do that. This stuck is technology .

we are doing with a dave, regular man. He is a hitter. okay? So this is a company that does specially your climate solutions that used to be a fact I regards climate solutions. They spend a lot of time trying to feel what to do about the climate is not hurting IT.

And when you hear those orders, that means there's so much big business that they have that they can they can book IT, but they can't all do IT as I find an air conditioners when you bring in train, it's an excEllent company. You doing good for your grandkids members up use this year sells thirty four times and to come down a little. But please understand, great company like the double Jones has become steadily less relevant over these years.

And you see why. All that explain, I do do about the market capers is the dollar amount. If you changes announced on body that I can change that, but there's solely step in the right direction. I much for my money, including my super kotara kota energy for slighting last weekend. But what that's about, plus if the strong apple on images, on numbers from europe, are we overlooking some great stories from across the pond? I'm going to give you my latest on the global landscape house rapid onions, the to stay with.

Right up and then the lighting round is over. Are you ready state that on the light run can was going to rick in new york. Greg .

ray, guy, thanks, joe. thanks.

Take my go. Of course, what's going on, rick.

thanks for giving the.

Individual, what's going on? You're trying to get IT. It's very hard. The good.

So i'd like to think and see the ink.

Oh, man, okay, that's a couple. Is the same guard become dsp platform that has been a very competitive business over time. And I really think that, that is too that stock is way too high. And I think you should take something off the table. Let's go to miles and more and miles.

I'm a psychiatrist, and I find your madness not only entertaining, but it's .

been invaluable.

What's up? My stock is intuitive machines, minor as its.

You know, I look, I love spaced up and that's why I keep recommending tesla. And I know people think tesla, just the car company I think is gonna be bed in space IT is gona be done by on your benefit with test. Let's go to venice and for our adventure.

Hey jim, I got a lot of ford. What do you think about ford?

I did not like the warranty number. Once again, I didn't like how much of losing in evs. I do like the man who runs partly, and I want so for the company to do well, but I can't recommend the stuff.

Let's go to humanity. Can point morning afternoon, jimmie, a look deep down into the deep barl of the low oil. W, T, I, pretty low, stand low with all the production.

Uh, can S, L, B catch a bid? You know, look, if companies were just graded on how well run they are and not what they actually do for living, and S, O be with at the top of the pop, but in the end, they are in the oil service business. And oil is not a growth commodity. So i'm going to say you can't own the stock year as much as I really like them. Catherine know.

How.

Cathy, you cats match up. I'm doing good go back. So I want to ask .

you about the time he called this drug.

I'm holding IT right now on idea so that will look back and say that you chatted with me if he does go down and thank god I took some of IT. That's the best thing is going to happen. Please do that and that let you a conclusion of the light around .

the lightning road is sponsored by Charles swab coming up the like. This market needs a european and vacation cramer hops across upon for some economic insight. next.

Your body makes you a 水 泥鳅， 不要。 捉泥鳅。 That's a lot of.

People you on this morning when spain reporter robust persume miners index signalling spanned manufacturing ing, the stronger is fit in two and half years. They should stop you on IT yours to in written off as a growth waste for years and years, nobody expects anything for the economy even as we've already got ten free rate cuts in european, but take rate is free to quarter more the point below us.

In fact, there's no good wealths all across europe with excelled growths in the southern rim, which includes portugal, italy, increase. I understand people in in the europe it's been placed copies would regularly miss the numbers. The cards seems stack against you and it's been that way from one decade.

And it's still not good in germany because of the war ukraine and because it's so auto base. But this kind of seven, fifty million people, twice our market size, is now percussion. We're seeing company of the company put Better than expected european numbers.

No one seems to notice, thanks to a combination, but I know i'm we in discipline. But soon or later, wall streets gona wake up to the fact that europe is back first. Europe had been under bank since march of twenty twenty three, when credit swiss collapsed during the many bank crisis.

But then alone comes about something there is in international bank with lots of business on tea, the chair and executive director who was on a show recently put a fantastic numbers that told the tale of a country and that's waking up then next to the close. First time we saw amazing in european numbers for both apple and amazon. I couldn't believe there was no analyst attention.

Er pressure for apple. Europe is the only real positive standard. As for amazon has been toying for more than two decades to make europe work.

This was the functions quarter. They made one billion dollars in europe. I know that not a lot to the size amazon 的， but that's why it's important.

Note that when amazon probably goes positive in a region or division that begins the process begins IT of making billions of dollars, they'll be taking advantage of the bigger market population. While is the number users gets bigger. Truly incredible.

Amazon stuck with europeans so long, but their big thinkers, and is finally plant pay in all the me. There are so many companies that think that the big china turn is right around the corner. How anyone bleves that is truly incredible.

Every stimulus paint in the chinese government so far has been a bust. Martin company is routinely being harassed by the authorities. IT is a real bad place to do business.

IT all ever here is that things are back to get Better in china. I think these businesses that have stated the P. R, C. Better have a game plane for a trump picture tomorrow, because I think you will become a lot difficult for american companies to Operate or over.

The chinese companies party is always thinks that they got out over about because they look at out like I stay water, which repeatedly misjudge ers and only have to cut the cursy of the chinese. They seem convinced that they owe us in their market is to be good. Or I say, hold on, I say for gate china, go to europe. That's where the money is. Money, you, camera, cinema.

All opinions expressed by jim cramer on this podcast are soly cram's opinions and do not reflect the opinions of C N B C N B C universal or their parent company phillie ts, and may have been previously disseminated by cramer on television, radio, internet or another medium. You should not treat any opinion expressed by jim cramer as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of his opinion. Cramer's opinions are based upon information he considers reliable, but neither cnbc nor is to fila and or subsidies warned its completeness, accuracy, and he should not be relied upon as such to view the full mad money disclaim er please visit N B C dot com forward flash mad money.