Home › Forums › Investments in the US › Summary of CNBC “Mad Money” Episodes › Mad Money: Key points from April 2, 2020 (Thursday) episode
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2020-04-02 at 11:26 PM #976
Jun Kurema (暮眞★潤)
KeymasterJim Cramer on Thursday’s rally: Investors may be ‘grasping at straws’ (https://www.cnbc.com/2020/04/02/jim-cramer-on-thursdays-rally-investors-may-be-grasping-at-straws.html)
- “This market’s so desperate for good news that buyers are willing to grasp even the thinnest of reeds, which is why the averages were able to roar today,” CNBC’s Jim Cramer said.
- “We now live in Bizarro World, where Wall Street can momentarily overlook the fact that 6.6 million Americans filed for unemployment insurance last week, a mind-blowingly horrible, record-breaking number,” the “Mad Money” host said.
- “I’ve been telling you we need oil to stabilize before we can get on terra firma,” he said. “That looks a lot more likely today.”
Executive Interview: Larry Culp on GE Aviation’s coronavirus furlough: ‘There will be another side’ (https://www.cnbc.com/2020/04/02/ge-larry-culp-on-coronavirus-furlough.html)
Jim Cramer chats with General Electric CEO Larry Culp after the company announced it would furlough 50% of its engine manufacturing due to the coronavirus outbreak.
Ticker: GE
Executive Interview: Okta CEO says long-term cloud trends are ‘very clear’ despite coronavirus (https://www.cnbc.com/video/2020/04/02/okta-ceo-long-term-cloud-trends-are-very-clear-despite-virus-crisis.html)
Okta CEO Todd McKinnon discusses supplying businesses and organizations with identity and access management services in a remote-work environment.
Ticker: OKTA
Executive Interview: Chipotle CEO says the chain is developing brisket but new menu items on hold for now (https://www.cnbc.com/2020/04/02/chipotle-is-developing-brisket-but-new-menu-items-are-on-hold-for-now.html)
- Chipotle Mexican Grill CEO Brian Niccol said the chain is developing brisket and cauliflower rice.
- But any new menu items will be delayed due to the coronavirus pandemic.
- Chipotle had previously planned to introduce one to two menu items per year.
Ticker: CMG
Executive Interview: RingCentral CEO on competition, increased demand in virtual work tools (https://www.cnbc.com/video/2020/04/02/ringcentral-ceo-on-competition-increased-demand-in-virtual-work-tools.html)
RingCentral CEO Vlad Shmunis breaks down what separates his cloud collaboration business from the likes of Zoom Video, Cisco and other competitors in the space.
Ticker: RNG
Cramer’s lightning round: ‘I think it is the time to buy Domino’s’ (https://www.cnbc.com/2020/04/02/cramer-lightning-round-i-think-it-is-the-time-to-buy-dominos.html)
- AbbVie: “I do like the yield and I think it remains a great stock … a big position in my charitable trust.”
- Clarivate Analytics: “I want to do more work on that because I hadn’t thought of it as a COVID play. … Let me see if it’s worth buying on that.”
- Domino’s Pizza: “I think it is the time to buy Domino’s …. because when things are done their delivery — a lot of other companies aren’t going to make it. A lot of the mom-and-pops are not going to make it, but Domino’s will and they’ve got great delivery and therefore I think it is a terrific investment, even here.”
- Kinder Morgan: “Kinder Morgan I do not like … because I do not like pipelines anymore. I don’t like natural gas anymore. It just doesn’t work for me … because there’s just too much supply.”
Ticker: ABBY, CCC, DPZ, KMI
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