Cramer's First Hour, Part 1 -- October 3, 2024

Locator: 48471CRAMER.

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. 

Cramer and Dave Faber off today. Jewish New Year.

Weekly jobless claims: 

•  220K expected
• today: 225K -- second highest of the month (September). 

Economy doing great. May be slowing a bit, but overall, an incredibly strong economy. It will be interesting to track economic numbers during the port strike. The port strike, at best, is a regional story, and having said that, maybe a specific state story: specifically: New York and New Jersey.

Energy: nothing more than a dividend play. So, let's compare, one year and "max." Note: "max" takes us only back to 2011. 

Professional management, diversification, lessons learned and all that jazz: a starter kit.

US national debt: if one wants to argue that the US national debt is driving inflation, one needs to look at the return of energy (XLE) since 2011. Zero percent.

On AI: Joe Kernan doesn't get it. Equates AI with the iPhone 16. LOL. 

Coal: one word -- India. Charles Kennedy: 

India's coal output increased 31% in 1Q24. Earlier this year, Bloomberg reported citing unnamed sources that India aimed to add as much as 15.4 gigawatts of new coal-fired power capacity this year, the most in nearly a decade. Coal is the biggest source of energy on the subcontinent, accounting for some 70% of the energy mix, even as the government works to expand wind and solar capacity.

Stellantic: looks like it will fall another 4% today.The port strike won't help. European automakers in huge trouble. China? Looking good. West Coast ports open.