 All right stocks are stable this morning after yesterday's sell-off here now is Jim Kramer on the floor of the New York Stock Exchange So Jim, what do you make of the market movements are seeing? It's all a bomb market. It's all you have to look at It's really incredible sometimes when it's so simple The tenure if it goes to 2-1 we sell off if it goes to 2-3 we go up And that's because right now there's the bomb market is telling us whether the economy is weak or whether the economy is strong Enough for a rate height if we are strong enough for rate height Transports can turn around and the banks to turn around and you'll see good good money going into the growth stocks If the interest rates do go down Then there'll be a reversion back out of all that and the reason why that happens is because that's just a sign That there's too much trouble when you have rates go down from this level and too much trouble is bad for everything Rates go up. It's a sign of health So just be aware you watch this whole rally from the ugly opening, which I love my friend Matt Horween I go back. He's my writing partner go back and forth that ugly opening was fabulous Okay, it shook out some people gave you a chance to buy one more time and then interest rates inched up And that's what caused the term But it will go right back down if interest rates continue to go down. Alright, so watch that 10 year Let's move on to that's important. The tenure is in charge ten years in charge All right, let's move on to earnings actual or it's plus holding Cisco. All right. Look, we had an interesting conversation I sent the way action alerts works is and we had a very big conference call yesterday I really urge you to join is that I am as tough as possible now I try to be tough and fair in the interview I felt better about the idea that some of the orders that are missed are going to come back. I Felt better that the competition of Huawei is not it's not taking huge amount of business I felt not so great about the percentage of business that is software as a service Versus old legacy hardware of rally and switching. That's 31 percent I felt that they need to do an acquisition with their 68 billion in cash In order to be able to make it so that they move their business faster to software Now, this is a very similar situation to IBM very similar to that right down to the yield and I would feel great if the president were on his game because they've got the best we paid to have 68 they have 68 billion overseas But we the president's office game. So it's also a measurement of that and I put it all together and I say we're going to take it to a one Action alerts people know exactly what that means and I feel that in a 3.7 percent yield They're paying you to get it right June analyst meeting Chuck's a straightforward guy. They give you a look of forecast based on that day Not based on how they are feeling ahead and therefore it was more negative than it may be in reality It was a great interview with Chuck Robbins. Thank you. All right. Let's also talk about Walmart. You talked about that on Maddash It's now Walmart versus Amazon now. This is it Walmart has figured out what to do Walmart knows that Amazon's Achilles heel is fresh food Absolutely the Achilles heel Walmart can offer it. It's very hard for Amazon to ship fresh food Now maybe Amazon does some same-day delivery, but that's a very expensive I don't know whether that would even do the margins for prime. They might not care initially but in the end I think Walmart's got a formula and No one else can compete with Walmart because no one else is in a position where they have a CEO Doug McMillan Who's backed by a family and he's done a remarkable job. He raised our wages It's just then therefore kept people much longer used to have a lot of turnover there They've got a strategy and this isn't even jet.com and I am Thrilled to see that because what it says is a young man comes in and takes a situation that had been a Wasting asset and he's turning it around still early But he's doing all right staying with e-commerce from retail. What about Alibaba? Alibaba is a revenue story, but we didn't know that and we always thought it was an earnings revenue story They came out with a number that did not do the earnings, but they did the revenue So and the revenue was incredibly fast if the stock had not run up I think we would feel better about it small buyback not insignificant But in the end Boba remains something I like because of that revenue All right, and then on stop trading on swark on the street you talked about a center retail Yeah, this is just a sad story. This is this is Dress Barn, it's and Taylor. It's more Reese. It's justice and they basically just say look the secular Headwinds are just too great right now. They have 490 4,900 stores. I would not want to be their landlord right now I think they need you know, they they have to close some stores. I think a lot of stores maybe There's the clock is ticking All right, and then we'll end with earnings to watch we've got footlocker footlocker It could be like children's place children's place had a remarkable quarter Jane Elfers continues to do everything, right? Children's place is a place where you have to try on clothes for kids because kids change size and that's why children's place doesn't well Footlocker same deal. You got to try them on and when you have to try them on that does not Make it right for Amazon because feet change in size when you're growing up So when you look at why footlocker and children's place have dodged the more bullet It has to do with the need to be personal and change and look at sizes. All right, Jim Cramer's always Thank you so much and for more on the stocks to mention. Please head back to the street calm