>> as do i, by the way check out mckesson >> say it with conviction is probably the best tip i've ever gotten about anything. thanks for watching "fast money. see you back here tomorrow at my mission is simple, to make you money. i am here to level the playing field for all investors. i promise to help you find it. " mad money" now. im kramer, welcome to "mad money." my job is not just to entertain, but to educate you. call me or tweet me at jim cramer.

stay the course until the job is done. there. that is really all. while wall street hated it, with the dow plunging 533 points. it's what needs to happen to stamp out inflation that robs you of your purchasing power. how knows he has done a lot to down the economy. he also knows, and has said it so many times, he is far from done. it is his game plan, he is sticking with it. i really do not envy powell. his job right now is to bring the pain! not create the game. his job isn't fun. all we really know at this moment is, like a ball game, it is not over until the fat lady sings. by that metric, the ball game is not ever over.

i can tell you this, definitely not the seventh inning stretch. traders are jumpy by nature. the issues this statement before he does a press conference. it is conscious that it is the playoffs. they went crazy, buying everything. to belabor the ball game announcement, traders took a real long lead off of first and did not have the chance to reach home plate or single. by the time the press conference started, he picked off the traders like he was taking halloween candy from a baby. they are convinced he will single signal he is done. you know what, i am done typin , you go buy stocks. unfortunately, that is not how

it works! it never worked that way. i've been told that for 17 years. that is not how it works! unfortunate for the short term bull. here's how the moment really works, the fed's job right now is to crush inflatio . for that to happen, we need wages to stabilize, not go higher. that means higher unemployment. we don't have that yet. we are not even close to that yet. how has told us time and time again, it will have to happen before he stops raising rates. he does not want another player up until he declares victory. why the traders believed hal was going to say the following, you know what, we have wage hikes all over the place. we have far fewer jobs than we can feel, only housing as reversed in price. i guess we are done, go buy stocks. that is insane, people!

simply not worried about typing too much, not with unemployment at 3.5%. it is almost an all time low. so, what do we do with that knowledge? this year, we have seen rate hikes go by 375 basis points, that is monumental. we have to consider, if the feds stay the course, means you might have to adjust your portfolio and you can still do it after we have had a nice run. stocks do well in advance but do poorly in the slowdown, while selling the stock that need a strong economy in order to thrive, makes sense. bill, we are doing it with investment globe. i want to start distinguishing, because i talked about this yesterday, really great progra . if you are a index fund guy, the mortgage, it comes down. put some money to work, i will.

keep all your money in index funds, all you should worry about is that hal might throw in the towel and start fighting inflation before he has won. it would me, even if your portfolio with, it might be worth a lot less if you come and withdraw your money in 10, 12, or 30 years. you don't need to concern yourself with these short-term gyrations in the market. when we talk about the market being oversold, that is when you commit money for your index fund. that is what i do. i can only sell stocks from my trust for the club. if you own a portfolio, what you take is a big deal. the market is going through this incredible leadership change. tech all strikes is now the enemy! in the old days, it seemed like they did well no matter what. we have been training these stocks forever. if you hang onto anything tech,

you will like. if you are investing in a company that became public in the last two years, you will get a real beat down. if you own a spat, you will get crushed, because j. powell is down there giving you the business. he is not specifically targeting these companies saying, it is time to sell, that is not his game. he is targeting the system that allowed them to become public in the first place and command ridiculous oasis. he did not just that, i want tech stocks down, wall street has created too many of them. they are the epicenter of this decline. most of these newly emitted text stocks emit new growth. without them, the business models right now. not one of these companies reporting a seamless third quarter.

then, they tell you the process of getting new customers has elongated. elongated is code for our this has fallen and we have way too employees. if you are anyone of these tech companies, that is what is happening. they are unsafe at any speed. absolutely! these kinds of stocks are new, fresh, and they are going to fail. this same dynamic is why i come out here every night and say, don't buy, don't buy, sell, sell, sell. every company, in the industry loses money. they will not be able to outlast jay. powell. they will go bust. that is right,! the fed needs them to bust to fix the unemployment rate! especially if you're dealing with companies that allow you to do anything with data. we have so many software places that help massage data, analyze data, grown data, organize data. store data, sift through data, make data, life.

data has become's goal. data is either pyrite. i don't care what kind of growth has, i don't care what kind of software, it is bad. how about johnson & johnson, breaking into two separate companies that will not get hurt by the mandated recession, band-aids you will not use them. same goes for eli lilly, big pharma company. at that advantage to lose 25,000, if it gets approved by the fda, i will take that. how about a company that sells beer, oil companies with generous dividends as they go to . they just got a big earnings most today. they can take your deposits, you next to nothing and invest in the short-term treasury. that is what the leadership is! that is where the money is going.

one day, the fat lady will sing, in the bank's case, it means loans will start going bad. the stocks trade full power. i just don't see that happening. the fed needs to spread the wealth, make sure they are not all software or harbor related. like the recession in 2001, created tech, tech you may own. the money left will be, as i have said over and over again, sources of funds to survivors, donors to the banks and drugs, why we keep trimming these games from a travel trust. they are well below the s&p, and still not enough. bottom line, do not be content, don't get your head blown off by software. the entire crowd of cloud-based software, data center--, they did not make it to the promised land 29 years ago and will not do it again. how about we go to justin in

new york? justin? >> how is it going? i would like to first say, i am a huge fan of your show, have been watching a long time. that spread, huge fan as well. the travel sector has been on a roller coaster, but surprisingly has held up relatively well in 2022. what are your thoughts on marriott the rest of the year? >> i think it is a great company, but not the right time to own it. we had brian on last night. he had the. the stock got crushed. what will happen to marriott? i think you have to wait for that stock to down again before i touch it. i am asking you not to be called by this batman. cloud stock, data stock of the software, if your earnings are down this year, i am checking. where do i come down? i actually found an a pco

announcing a step down next year. i am seeing where the transition starts. i need you to stay with cramer. don't miss a second that money." send jim an email to mad money@cnbc.com, or give us a call at one 807 43 cnbc. missed something, head to madmoney.cnbc.com. what he sees ahead for inflation of the markets.

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- oh, it's no stress. i just discovered yieldstreet. they vet investments that don't ride the stock market rollercoaster. - ooh. i think some of my gray hairs just reversed. - yeah. you're welcome. - [narrator] become an investor today. yieldstreet: private market investing. well, we fell in love through gaming. but now the internet lags and it throws the whole thing off. when did you first discover this lag? i signed us up for t- mobile home internet ugh! but, we found other interests. i guess we have. [both] finch! let's go! oh yeah! it's not the same. what could you do to solve the problem? we could get xfinity? that's actually super adult of you to suggest.

i can't wait to squad up. i love it when you talk nerdy to me. guy, guys, guys, we're still in session. and i don't know what the heck you're talking about. a funny thing happened today, last night, the chipmaker reported its fourth third quarter, while cutting the forecast for the fourth

quarter. at one point today, it was up in prison. it was not until the fed committed to more rate hikes in the afternoon that they rolled back those gains, actually, all of them. we already knew they were having a tough stretch. they had a ton of exposure to the market, now 20%. that is horrendous. certainly offset to any good news from the data center. third quarter sales in october, it has been difficulty for the travel trust. lower guidance initially made me wonder, could amd be nearing its bottom? it is down 60% from the tides. where is this headed for the near future? let's check in with chair and ceo, mr. sue, welcome back to mad money."

how are you? so glad you are here. we have got a new update from you that i know included the announcement, but you also gave us a fourth quarter outlook and i felt that i could describe it as, not as bad as feared. can you give me what makes up a list, just from what addressing last month, that gives you the confidence that things will not continue to get worse? >> absolutely, jim. if i give you the overall outlook, i would say, we are all working through the macroeconomic situation and i think you are seeing that in a number of sick years. we have a very diversified business. we do have sort of a challenging bag job backdrop in the pc market, not affecting us in the third quarter and will affect us in the fourth quarter. we also have our data center business, proving to be relatively resilient. we have our embedded business that has some significant pauses

positives among a broad base of industries. when you look at all of that together, we believe we will be flat as we go into the fourth quarter. overall, when you look at our full portfolio, we feel really good about our strategic market in data centers embedded as we work through some of the pc market issues. >> if it weren't for obviously, the pc, and some issues, we would have the discussion of new product points, which is next week. that did not come up on the call. tell us what that could mean if business stays okay. >> we are really excited about our new product portfolio. we talked about the data center and how important performance and power efficiency is, as you think about future data centers. next week, we will launch our new product as we go through our italian cities. very

excited about the product. i think it continues to give us strength in cloud data centers, as well as enterprise. what we see here, extending our lead, as it relates to, not just performance, but power efficiency, especially today where energy prices are going up all over the world. >> we know microsoft referenced that on its own call. i'm trying to focus on other things, i will let the analysts cover that. nine months, you talk about embedded. i think a lot of our viewers are saying, she bought this company, diversified aerospace, defense, so many different ways to be able to differentiate yourself away from just pcs. tell us the advantages you have seen since you have merged? >> we are very, very happy with how the entire integration has gone. we closed the acquisition in february. it has now been eight months or so.

i would say, things have gone well. our acquisition thesis has played out as we have hope for. it is a broad-based set of customers. when you look at it, things like aerospace, communication, both wired and wireless, automotive, these are markets that previously amd did not have much exposure to. with the portfolio, we have been able to help accelerate the growth in that business when you look at the supply chain, and all the demand for these products. it has worked out very well. i am even more excited about what we will see in the future as we integrate some of our projects together with sort of the amd processor ip with some of the ai and other acceleration ip. we think it will be a fantastic portfolio and our customers are very excited about what we can do together. >> that is great. i wanted to ask you about the chipset. when we speak about the chip stack, a lot of it was designed

because we want to bring manufacturing on shore. not sure if you have spoken to secretary, but what is your reaction? >> i have to say, i think secretary raimondo has been a great champion of the importance of semi conductors for the u.s., not just national security, for overall our economic prosperity. i think the chips act is a great thing for the semiconductor industry. i think having more in the united states is a good thing. we view that across the spectrum . the other thing i am also quite excited about, the investments in our long-term research and develop. you know, the thing about semi conductors, we have to invest way, way ahead of the curve to ensure we have the next generation of innovation. i think the chips act, together with what we are doing with research and development overall , will allow us to continue to lead in these key technologies. >> would you be able to bring some manufacturing from say taiwan, where there has been

perhaps this concerning confluence of events that would make it so taiwan would not be as stable as we would like? >> we certainly believe that building in the u.s. is helpful and we see that across our supply chain. one of the things with the investments with the chips act, we see, for example, taiwan semiconductor building in arizona, heir next generation facility and amd will definitely be a part of that overall equation. it is all about diversifying our supply chain, which is good for everybody. there are a lot of people, what they do with their stock, investor money, that was not you. you called me, you were very upfront. i know you were disappointed. where are you in your thinking about stuart? i know that is the opposite way you would like to have that opening.

>> i would say, we are always striving to meet and exceed our commitments, that is really the way we think about everything, whether we are talking about the product or folio, talking about our overall commit it. macroeconomics is not something any of us can control, but i would say, navigating through a tough macroenvironment is really our job. i feel great about our product portfolio. i feel great about our investments and this is an opportunity for us to differentiate ourselves in terms of the things that really matter, executed for our customers, making sure we deliver on our commitments. the product portfolios, customer platforms, and of course, shareholder returns are all a part of our checklist for ensuring that we get right. >> i am so glad you came on and gave us great stuff, as always. best of luck for this next

quarter. >> fantastic. thank you, jim. >> that is lisa, chair, president, ceo of amd. tie a double knot and here cramer's take on footwear, next. hi, my name is tony cooper, and i'm going to tell you about exciting medicare advantage plans that can provide broad coverage and still may save you money on monthly premiums and prescription drugs. with original medicare you are covered for hospital stays and doctor office visits but you have to meet a deductible for

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- ooh. i think some of my gray hairs just reversed. - yeah. you're welcome. - [narrator] become an investor today. yieldstreet: private market investing. for half a year now, most of retail has been a complete wasteland, especially footwear and apparel. for good reason. they wanted to avoid going into recession and everybody on wall street knows that. plus, we thought message of consumer spending priority post coping with many going through experiences, like travel, people aren't buying material goods. we have got massive inventory costs across retail.

these companies got burned because of supply chain during the pandemic. they often double ordered this year. that means, they got more and then they needed. that happened as consumers decided to come back. they got stuck with way too much merchandise. there is nothing worse than an inventory button retail. then, you have got to slash prices in order to move the stuff out of your storage you can bring in new, fresh product. it makes since the footwear and apparel is totally toxic. i am wondering if there may be opportunities now that they have come down dramatically from their highs, i mean really down. the earnings season unfolded, it is really difficult. we have been told repeatedly by the banks and repayment companies that the consumer is still in shape. we just got a pretty strong gdp for the third quarter. sure, the feds are on a warpat . they are telling you how strong the consumer is. it is beginning to build a lot of retail.

has it wrecked all of it? when you listen to the feds, what they are really saying is, everybody is still spending too much, everybody is doing too well, that is not a narrative conducive to buying stocks. commodity costs, shipping costs, they start to come down. the margin pressure of any of these companies, perhaps there are some things there is a change that might make us interested. most importantly, we have heard positive things from select apparel places, not most, but select, such as the lemon, they are doing great. we can only ignore the good news so much, especially as we head into holiday giftgiving season. i am not ready to sound the all clear for footwear and apparel, but i think you can find select winners, as this market repeals, but only through overbought levels. once again, i am telling you to wait for

those stocks to come down. after they calm down, remember, +6, way too high. add three, come down. i think you should put some money in. why don't we start with the most obvious, lululemon. well, lululemon's stock got obliterated the first few months of the year. it is nearly at $65 from its low . this one got got hit hard. this is exactly the kind of richly gross stock you are supposed to start selling. translate one had a bad court last year, thanks to supply chain. last six months, though, lululemon has turned a couple of truly excellent corners. they are raising the forecast twice in a row. late march, they were talking about making $9.50 to $9.35 per share this year. by september, they have taken the earnings forecast to $9.75 to $9.90. she

does not feel like this company is being crushed by a consumer war and over burying fad, does it? revenue growth, stunningly 22%, massively higher than expected earnings. lululemon said the earnings were better across all categories, precisely what you want to hear. even selling belt bags like crazy. you might know these things actually as any packs. how small does your brand have to be to make fanny pack hooligan? still trading at a premium, we don't like that. i am more than happy to pay upward as it goes down. the company has got an incredible growth story, doing great right now. down nearly $170 from a year ago. that matters. again, not here. someone says, cramer told me to buy lululemon this evening,

that is a different cramer. next up is columbia sportswear . i am glad i can recommend this. columbia sportswear peak at april 2021, then ran into a series of obstacles supply chain problems, strong dollar, usual litany. they reported this techno-court numbers in july. at this time, they told us, they were being conservative, going into an uncertain economy. the stock would get obliterated, no matter what. last thursday, 19% sales growth from $1.06 basis. we drove down the columbia brand 19%. they are also seeing a ton of footwear cells. columbia sportswear is an outdoorsy retail. the consumer wants experiences, not stock. sometimes, you need to buy stock in order to get experiences. columbia sportswear is now cheap

. i have followed this company a couple of years, this is very rare. 13 times earnings. as someone who knows this company, i recommend in the 20s, a decade ago. trust me when i say the stock at $72 is downright interesting. maybe when we get oversold, 12 times the earnings. same time last thursday, this is a new one for me. i haven't recommended this one since 2014. this is a huge covid winner that got crushed last fall. in may, it had lost more than half of its value. now, when they beat the numbers last week, the stock got hit 4%. your numbers are supposed to raise, people get nervous. i really like these results. report of brands doing fine, a 6%.

six years ago i put they would take off. h okay a, the athletic shoes, finally caught fire. hopefully would become the biggest brand, one of the best kept secrets in footwear, but don't expect it to stay secret for too long. bank of america by rating with plenty of cash. right now, training 16 times your investment me despite having 19% growth, your pe should be higher than your growth rate, i think it deserves a lot more attention. finally, the success has us wondering about a company we dismissed, because it was way too expensive. on holdings, the swiss sneaker company behind on brand running shoes, the recent ipos started collapsing, you know i don't like those ipos. i warned you away from those. this one is down 70%. now i am wondering if it is diving to punish? it is

enticing. even if it is not cheap. why, i am starting to see the shoes everywhere. look at my own feet. everyone loved them. my wife loves them. last two quarters were excellent. unlike most recent ipos, they are actually profitable. let me put it this way, on is expected to earn $.38 next year, and i think that number is way too low. at the beginning of this year, they were expected to make three cents, now it is more like $.33. more reports in a couple of weeks. maybe that will be the moment the stock can redefine itself with something more than an ipo for 2021. i reiterate, i do not like that vintage. if you are selected, some of these are definitely worth zoning. i am putting in lululemon, columbia footwear, deckers and on holdings.

i will emphasize, this market is overbought. as we tell investment club members every day at our 1020 meeting, you don't buy an overused market, you sell into it. maybe these stocks get pretty darn good by the time we get oversold. don't make them yet, your time will come. george in massachusetts. >> hello, jim cramer. i want to salute you and "mad money" for being very on. >> listen, i wish i could nail it right for everybody. i am very upset the market is overbought and i can't recommend a lot of stocks. what is happening? >> the spark has steadily increased in value since may. it has an earnings ratio less than 10. beyond that, i remain

pleasantly surprised at how well this stock has managed to perform, compared to others in the retail sector. again, your staff continue its earnings going forward, or should i take the money and run from 's sporting goods ? >> i have been a fan of 's sporting goods since boulder. this is a terrific ceo. i think you have got a winner. i would buy some here. as it goes down, very overbought situation, it will get more interesting. i am still bias on apparel and footwear in general. that is how i feel. as stocks go down, consider lululemon, columbia sportswear , deckers, or on holdings. only down, not up. pretty much with aap, there is when i have liked the whole time. it could electrify your portfolio. i don't know, let's doubt to

the ceo ahead of his retirement. there is something weird about this cycle. i will reveal what it is that could in fact your investment strategy. the lightning round, stay with kramer.

- oh, the stock market is doing that fun thing again. news from the future: you're going to live through that about 10 more times! (laughs) no stress. i just discovered yieldstreet. they vet investments that don't ride the stock market rollercoaster. - [narrator] yieldstreet: private market investing. ♪ [christmas music] ♪ ♪ ♪ weathertech gift cards have the power to wow everyone on your holiday list. offering a variety of american made products.

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most investors love hiding utilities. a nice, consistent business. we know what they are doing. these couple of months have been slammed. that is reasonable, two years, 4 1/2. wall street started betting that the fed would chill out. the rate hikes though,-- the

meeting today made a circle back to our favorite utility, electric. this ohio company does its numbers. others for the average still down more than 15% from highs back in september. last month, aep held an analyst day, where they raised earnings guidance for next year. let's take a closer look with the chairman and outgoing ceo to learn more. welcome back to "mad money". >> hi, jim . great to be back with you again. >> you know you will be missed because you have been a great spokesperson for a great company. what is it that you did when you came in back in 2011? i remember this because you came on. less than 5% of your portfolio was 100% clean energy. now, it is 23%, a very big jump in a very short period of time. what is happening in the futur

? >> i think that will continue to accelerate. there is no question to move into a clean energy economy. we actually adjusted our economy to be net zero by 2045 instead of 2050. also, we continue to make advances with clean energy. we have over 60,000 megawatts of renewables we are putting in place for the next 10 years. all of that is a part of a huge capital plan, 40 billion over the next five years that includes transmission, infrastructure, and renewables to that clean energy economy. that process will continue. >> how much of it has been on the part of the customers themselves? i feel like the majority has actually been on you. >> from the customer side, it is actually a benefit. as we retire some of the

central station generation facilities that put renewables in place, renewables provide two opportunities for us. one is that lower the overall cost of energy because of fuel cost. the other is a hedge against higher natural gas prices and so forth. it really enables us to provide a huge benefit to customers through these projects. that is why this process continues. as long as we keep the system resilient and stable to be able to serve customers' needs when they need electricity, at the same time, move these clean energy resources into play, it will all work very well for customers. >> today, the federal reserve raised rates again. a lot of rate hikes in a row. a lot of it seemed to be directed by the idea, it is a runaway train economy with so many jobs being created, much more that people there are to fill them. has there been any diminution of the growth say the last 18 months of this period? >> no, no there hasn't, jim. as a matter fact, we are experiencing the highest growth

we have had in decades. you are seeing 6% growth on the industrial side with the new chemical manufacturing in primary metals. as a matter of fact, eight in the 10 sectors we look at have grown and continue to grow because of on shoring and our territory has a lot of energy related impacts to it and we have lower rates to support manufacturing and so forth, so it continues to grow your commercial follows that, residential certainly would be the movement to stay in work from home environments. that continues to bolster residential as well. we don't see that changing, actually. we could have some slowdown in 2023 still positive, and we projected to grow from there. a lot of activity going on in the economy today with economic development. >> obviously, we have mixed emotions weird we want everyone to have jobs and we love the

fact that 10 years ago, you would never be able to call hurt that. i wish you would cool a little bit so he would not have to work so hard at his job. today, there was a company called cheesecake factory. they said something, nice restaurant chain. something i haven't heard in america in a long time, the present power had gotten too hot. i find that admirable. you have a great transmission business. for what i know, your bill did not jump up in the last few months, did they? >> yeah, i think probably be major impact is fuel cost for those utilities highly dependent upon natural gas, for example, this means that the $7 btu, now it is around $4 or 5 dollars, still hot. it has continued to go up and investments continue to be made to rehabilitate and make the grade more resilient, that has occurred. by and large, primarily fuel costs. at that continues to temper

down a little, that will be helpful, in terms of overall charges to customers, which obviously we want to make sure happened. >> last word for your successo ? >> julie stokes, my successor, she will do a wonderful job as ceo. she was cfl, up until recently. there is no doubt we have a foundational plan for this company and she will continue to execute it. certainly, i know she will do extremely well and continue with that consistency in quality with dividends for our shareholders. >> you have made a lot of people a lot of money and you have changed the face in a positive way. we wish you all the best and look forward to speaking with julie. great to see you. >> thank you, jim. >> chairman and ceo of adp. there are companies out there that make you money and get cleaner and cleaner.

coming up, cramer wants to hear from you. your calls on the thunder is a lightning round, next. next, followed from the fed's rate hike decision and what is ahead for the economy. new reporting on the paul pelosi attack. the facts, the truth, "the news with shepard smith. " live. (dad vo) is the turkey done yet? (mom vo) here's your turkey!! (vo) visible. one-line wireless plan with unlimited data for $30 a month.

- yieldstreet presents: alternative investing with kal penn and older kal penn. - oh, the stock market is doing that fun thing again. - hey news from the future, you're going to live through that about 10 more times. (laughs) - oh, it's no stress. i just discovered yieldstreet. they vet investments that don't ride the stock market rollercoaster. - ooh. i think some of my gray hairs just reversed. - yeah. you're welcome. - [narrator] become an investor today. yieldstreet: private market investing.

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texas. >> thank you, emperor. i want to thank you for helping me make money and not lose money. >> it is so hard to not lose money right now, what is going on? >> the pandemic is over, i thought that the cardfile techniques would be used again, and many years, getting worried. >> i suggest johnson & johnson. they bought the better part company. i think it is better. >> i want to go to michelle in california, michelle? >> thank you for everything you do for us average folks. listen, jim, i'm wondering what you are currently thinking about ceran? >> this is accompanied out so much, i don't think it could go

down much worse, yes it is profitable. in a market like this, it could go to 1312. you could absolutely buy it. it is a good company. how about doug in my home state of pennsylvania? >> jim, i want your opinion of taiwan's semi conductor? >> i will not recommend anything in taiwan, we put the ships act in, long-term, they will not do as well as they are doing now. i think long-term. logan? >> cramer, longtime listener, first time caller . i want to get your opinion on capital mttr ? >> this is the kind of company $3 stocks. i've got bad news, the answer is $3. stocks stopped at zero. that has been the saving grace of a lot of companies losing money. that is the conclusion of the

lightning round! >> lightning round is sponsored by, tv ameritrade. coming up, the feds and the consumer bites. kramer takes a hard look at america's capricious customers. next. tomorrow, kick off the trading day with squawk on the street, live from post nine at the nyse. >> it is now marcy's and. i started off with four boxes, now i'm going to try and lay off a little bit. even though they get smaller and smaller. >> that is another thing. >> it all starts at 9:00 a.m. eastern.

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there is something weird about these rate hike cycle we've got to talk about, the consumers just not being consumed. the consumer is supposed to cut back on spending with this rate hike. you would think people would be trading down to cheaper brands. i think j powell was thinking that would be it . so far, we have heard from company after company, procter & gamble, estie lauder, they all say,

people are still willing to pay full price. that is no easy task. this full price has been through three or four recent price increases to cover rate hikes. i know they sold stocks after they reported today. estie lauder's product problems were almost all china. the most expensive audits are selling so well. consumers were supposed to shine that stuff, buying generics, buying knockoffs! they have actually seen increased brand loyalty. people want name brands, not the cheaper store plastic bags or salad dressing. this is astounding! people are buying the most expensive, most tricked out trucks and cars, even paying for used cars. the price of the electric vehicles, normally they are not supposed to meet the demand for

any vehicle, not true. then, there is travel and entertainment. by the way, those seats are filled with vacationers, not businesspeople who can put their expenses on an expense account. these are extremely cool place. they have got extremely high fares, low competition. typically, the airlines would be dying if the feds had raised the interest rates so drastically, no! american express, mastercard, visa, american express detailing strong spending. what does that mean? robust eating and drinking. at the same time, disney and comcast putting up stunning numbers from their themepark business. i work for comcast. the parks are so far above plan, disney will build a theme park

in an empty part of new mexico between austin and denver! i think the airbnb has been conservative, they made questions about the fourth quarter spending. his numbers are accelerating, not decelerating. he is hiring few people because of demand. airbnb has got a fantastic franchise. none of these things should be happening, historically speaking! do you understand how strange this is? it is terrific people are going out and enjoying themselves got there is not more resistance. why aren't more people flying coach? i think it has to do with the balance sheets of the post covid american consumer. the average consumer has more money left over from stimulus payments, meanwhile, jobs are more lentiful than ever. a lot of bills weren't even paid during covid. it breeds what consumers aren't supposed to have right now, that were confidence. a confident consumer is the enemy

of the feds' attempts to stamp out inflation. give back to the average american household. i am beginning to believe that as long as confidence rains, the fat lady isn't about to sing. the fed's rate decision, and how the economy is shaping politics six days from the midterms i'm shepard smith. this is "the news" on cnbc now, interest rates at the highest in 14 years. what the fed is signaling for the future >> i think they weaseled in a little bit and threw the market a small bone >> and how it all plays in politics we're live in battleground arizona. the chilling call to police, from a child inside the classroom with the uvalde gunman