Cramer's First Hour -- October 24, 2024

Locator: 48649CRAMER.

Cramer's first hour: a mix of facts, factoids, opinions from various sources -- often not cited -- while listening to Cramer's first hour on CNBC.  

Ten-year Treasury: 4.218%; down 0.024.

Yesterday's market: incredible opportunity for investors. Two things not mentioned, somewhat related, but both will result in same thing for traders: 

• RMDs;
• mutual funds cleaning up their books for 2024.

Boeing: extending losses.

Cramer: on a Chevron rig in the Gulf of Mexico. Not wearing a hard hat. 

Tesla: long, long segment on Tesla after earnings last night. At the end of the day, it was all about Nvidia. The "neural brain" will be incredibly expensive and incredibly GPU-intensive. TSLA now up $31 / up 15% in pre-market trading. 

NVDA: up 1% in pre-market. I get a kick out of NVDA -- sort of a rough week, but up 15% in the past month. 

Climate: Dutch -- perhaps the poster child for this issue -- is now said "unlikely to meet climate target."

Apple iPhone: one can launch Snapchat's camera from a locked iPhone screen. Wow. I think we're going to see more of this.

Going through X: I hate memes.

Russia: Arctic Shipping Route (ASR) -- Russian can't meet goal --

• can't build enough vessels
• ASR cargo flow is half of original 2024 goal
• Russia says it can build only 16 vessels out of the 70 vessels it needs by 2030.

So, we move on.

US jobs:

• first time claims: 227K vs 242K forecast
• fell 10% from last week
• this is the biggest 2-week drop going back almost three years!Reminiscing: this might be a great day for reminiscing.

Boeing: I honestly don't know what to think of the machinists rejecting the strike. Cramer says the outgoing CEO got a huge pay increase last year. Cramer says the machinists are really, really angry and the new CEO seems complacent about this issue.

Boeing -- fact-checking:

Boeing: the machinists' sticking point -- they want a pension. The company says no way. We'll see.

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Disclaimer
Brief Reminder 

• I am inappropriately exuberant about the US economy and the US market.
• I am also inappropriately exuberant about all things Apple. 
• See disclaimer. This is not an investment site. 
• Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. All my posts are done quickly: there will be content and typographical errors. If something appears wrong, it probably is. Feel free to fact check everything.
  
• If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them. 
• Reminder: I am inappropriately exuberant about the US economy and the US market.
• I am also inappropriately exuberant about all things Apple. 
• And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia.
• Longer version here.