Jim Cramer (Host of Mad Money) 00:00.350
the consumer calvary got here just in time to give us what looks to be the beginning of a santa claus rally
Jim Cramer (Host of Mad Money) 00:06.750
that's the only way to describe what it worked today everything involving consumer spending couldn't come at a better time because techs been faltering
Jim Cramer (Host of Mad Money) 00:13.710
we needed something big to replace it even as you couldn't tell from the averages dow basing sixty six points just to be jumping point seven nine percent but the tech laid nasdaq surging one point three eight percent
Jim Cramer (Host of Mad Money) 00:24.670
let me set the scene for most of the year we've had a whoa is the narrative consumer right i mean oh consumer doing so poorly
Jim Cramer (Host of Mad Money) 00:32.430
higher unemployment true inflation kept the consumer on the sidelines we kept thinking that they were just decelerating
Jim Cramer (Host of Mad Money) 00:39.670
retailers pretty awful except for walmart which powered through everything as CEO doug mcmillon moved to keep prices low
Jim Cramer (Host of Mad Money) 00:46.670
his own one man war against inflation a war i think he may have won before he's retired
Jim Cramer (Host of Mad Money) 00:53.550
we didn't see the weakness in the averages though even though the consumer represents two thirds the economy because it was masked by the incredible run in technology led by nvidia but followed by apple microsoft meta tesla and most importantly alphabet
Jim Cramer (Host of Mad Money) 01:06.710
behind the scenes lurked open AI the creative chat which along with oracle have been huge drivers of the burgeoning tech spend
Jim Cramer (Host of Mad Money) 01:13.910
for most of twenty twenty five those are the stocks that drove the market higher and that was the narrative we love
Jim Cramer (Host of Mad Money) 01:20.230
lately those skeptics have begun to challenge the notion of unlimited data spending
Jim Cramer (Host of Mad Money) 01:24.550
or oracle raised a huge amount of money in the bond market eighteen billion dollars but there's now belief in the market that oracle may not somehow be money good for the financing of this massive data center build
Jim Cramer (Host of Mad Money) 01:34.110
out something it's doing largely on behalf of open AI that's the private
Jim Cramer (Host of Mad Money) 01:38.310
company you can tell because people have been buying credit default swaps on oracle stand like crazy now i do find that somewhat worrisome i admit it
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