Cramer's First Hour, Part 1 -- Bidenomics -- October 4, 2024

Locator: 48488CRAMER.

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.  

Carl, Santelli, and the judge. Add Sara Eisen to this and one would have the best CNBC panel. Period. Dot. Andrew Ross Sorkin was always weak. I often think he wishes he had four names, like George Herbert Walker Bush. Kernan has become a joke.

Blowout! Jobs. September jobs.

• 254,000 vs 150,000 forecast
• are you kidding me
• this number is extraordinary
• best job "print" since March, 2024, but that's truly an understatement; 
• doesn't really "paint the picture" 
• Florida's Marco Rubio on the jobs number. Tedious.
  

Surges! The market.

Cramer! A "no-landing" number. Stagflation -- rolls eyes.

Economy: has never happened before --

• full employment
• inflation below 2%; trending lower
• certainly not stagflation
• earnings better come in strong
• only battleground: AAPL

The question not being asked: how could analysts be so far off

• 254 vs 150
• revisions revised up (more jobs)

Unemployment: Table A-15: 

Acting labor secretary! Really remarkable! I'm impressed. She's exactly right with regard to the longshoremen (and women).

Big corporate monopolies: tech companies are finding work-arounds. Good, bad, indifferent. Just an observation.

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• 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 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.