 All right. Good morning, everyone. It's Friday. We made it and we're on the floor of the New York Stock Exchange with Jim Kramer. Jim Let's begin with North Korea another missile over Japan. Yeah, I No one really knows how to factor this in anymore I mean, we know that if the missile had fallen short and landed in Japan I think you would have World War three. I mean, I do think that the world is coalescing against China about this Remember China exports a great deal if the Europeans were to come out and say something strong 25% of Of China stuff goes to Europe then I think China would finally feel pressured right now China's strongly on the side of North Korea as they have been since North Korea was created now North Korea aside as you said on that Incredible a peak call yesterday. This is an environment Jim that you've always kind of wanted Yeah, I mean, I think that people you got to think a little long term. I mean, I've been My bought my first stock in 1979 and what you have to recognize is that a view of an environment with low inflation and decent growth We're interest rates are not that competitive You're gonna have a good stock market And I think that it bothers people tremendously that the market can keep going up even though there's bad news But you have to understand that is actually your backdrop and when your backdrop is like that You have a history of success with this kind of environment. It becomes harder to take the market down You know the market go down means sudden you can have stocks down three five, you know, look We had a negative comment today about the airlines. They're down badly, but so the question is do you use that week just to buy? I did a piece yesterday, but how Eli Lilly That J&J that someone would upgrade and start talking about some of these of the drug stocks and boom It's happened Jeffries came out today. So it's an environment where analysts are Excited to come out and recommend stocks or upgrade to sell G You know the positive POM is Bristol Myers I mean so when stocks start moving the analysts get behind them and our our conference call yesterday talked about that That same thing by the way new core once again cutting numbers I'm sticking with new court just so people know you mentioned the airline downgrades But action alerts plus holding Southwest was actually upgrade I mean what happens is is that when you get when you decide not to own the sick little airlines You go for the secular growth airline and that airline is Southwest Air love, which is one of the reasons why we own Another analyst commentary to follow Carnival and Credit Suisse. It was a very tough piece I mean it was a piece that I did not see coming Because a lot of their businesses in the Caribbean But the one thing I would count on is if these stocks go down they will clean up the Caribbean They're also islands that they will go to and that have not been going to before and I'm saying this because When you have CEOs like Fane and Donald Royal Caribbean what you find are people who are very resourceful and they have been counted out before Don't count. They were counted out by Zika their account carnival is counted out by unfortunate terrible incident off of Italy And they're a bowl a bowl accounted them out and I will just say over and over again They reinvent themselves, so I do not want you to go against them But today's a weirdly big cap rally and we're seeing a lot of the big caps Go higher and I think a lot of that is that the big caps are actually tied Bizarrely the apple and apple seems to have finally shaken off the idiots morons and chowder heads who bought the stock Between 160 and 163 Expecting buyers to come in and take them out and it didn't happen Jim That's why you say own apple don't trade. Yeah, and I did say yesterday in the coalition you could probably buy some I My philosophy is is strictly that maybe people trade too much and that some stocks are not worth trading Now Jim when we talk about the broader economy the consumer you highlighted a ton on squawk on the street This industrial renaissance Yeah, ETN this was a conference called a conference yesterday Morgan Stanley where they talked about The demand from Europe and man from China are really growing US not as good Which is one of my themes is that Europe is stronger Eaton got into Europe unfortunately They really put a lot of assets in at the top and it's hurt them for a long time. It's no longer hurting them It's really helping them and eaten is a classic industrial that's having a really really good quarter and the conference really shows You exactly how strong things are. I thought it was very good All right, we'll watch that one meanwhile senator Warren launching a probe into Equifax no surprise here No, I mean Equifax is a disaster and the fact is is that the board of directors should Look long and hard at their CEO And I think it's shameful. This is a company that has far more data on all of us many Americans that any other company is it's the ultimate hack and When you're the old limit hack should you not be the old limit protected protected by by Cisco protected by Palo Alto protected by proof point protected by cyber Protected by all these great companies most importantly Citrix Which used to be just so we know that headed by one of the board members now Is not something a CEO former CEO of Citrix on the board? How could that person continue to allow the CEO to stay CEO? I mean this guy's gonna get grilled by Warren and you go on YouTube her her videos go viral well senator Warren, I mean, oh she was Very hard on Wells Fargo as a rogue institution She's gonna be very hard on Equifax and I think it's incumbent upon that company to fire the CEO I don't think that's anything. That's radical. I think that if it just happened under 317 million other maracas watch they be far a lot of interest this morning in ride-sharing companies Alphabet may be investing in Lyft soft bank may be investing in uber. What did you think? Well? I think that That uber is the enemy of alphabet remember they feel like that Waymo some of the Intellectual property was stolen so it's natural that they're going to fund the opposition naturally Do these investments perhaps signal more reason for them to stay private? Well, I know we had that blue bottle quote From Nestle when Nestle bought a stake of them saying it's just it's living hell basically to be public to be private I'd be public and we're staying private. I don't know I'm I do think that everybody deserves some liquidity use in it Maybe this is a liquidity event. Some of the people got it earlier like a TPG might be able to get out In uber. I don't know. I mean these remember private companies. We don't really know what's going on inside We don't know meanwhile Oracle reported better than expected earnings, but guidance was light Well, I think our Johnson has a remarkable piece on Oracle that really explains Exactly what happened he was mentioning that 70 70 times they talked about the cloud the previous quarter So therefore what happened is is that when clouds did not accelerate again? Everyone got a little spoiled and therefore people got disappointed. I think that the people at Oracle It wasn't their fault. I mean Oracle did not necessarily lead us down the primrose path The analysts did and they tried very hard actually to raise numbers and say good things But the fact is is that as Johnson points out there was not a surprise coming from the cloud This prize came from other parts. Is mark Benny off smiling right now. Well mark did tweet you just go look at his tweets Okay, meanwhile in video. What an incredible price target raise at Evercore. Yeah, I mean they went to the what mid 250s at 250 From where it is now. I think whatever course truly recognized is that? Nvidia has been kept down in large part because people use their cards for crypto mining of Bitcoin and with the Chinese cracking down on Bitcoin that meant that a portion of the 10% That is that is the sales of Nvidia that is used for mining would slow But whatever we're putting it out is this is really artificial intelligence story It's really very much a story about graphical user interface and great gaming chips Go look at what take to did take to it really was waiting for to some degree They wanted a perfect game for the new Nvidia chips and we talked a lot about Nvidia on yesterday's conference call telling people They should buy it and I think that that is a way to be able to go back on our car It's gonna look what we said about Nvidia read Johnson's article and I think you'll get the whole story All right now Jim what happens if Nvidia breaks a hundred and seventy four dollars a share already has well You're gonna post more pictures of your dog. Yeah more pictures. Well. We love when you put pictures of your dog Jim Kramer will leave it there. Okay. Thank you so much as always for more information on the stocks to mention Please head back to the street calm