 All right, it's Friday. We are on the floor of the New York Stock Exchange with Jim Kramer to talk about the markets and Jim We are following this UK election news. It's pretty incredible. Theresa May may not. I mean, it's rather extraordinary It was probably one of the great gaffes of all time calling this election. I think she'll be out But what's even more important is it's not a ripple in the market There was a time of course Brexit where when people were wrong the market went down I think that what's happened is not that we're ignoring it I think there's a recognition that polling is is no longer valid and the idea that May Had a big majority and then it turns out that she didn't didn't shock anyone because the faith in polling has been lost And everything's considered to be a crapshoot. And so therefore it's no one makes big bets anymore So there's no bets done wine, which mean it didn't have any impact Let's talk about stocks to walk to watch Jim I think the the talk of the morning is you're changing your name to Nvidia. I have to I mean, you know Sometimes I did I have changed my name periodically. I was called Google for a long time. I was fang for a while Okay, let's understand Nvidia Nvidia's in the middle of all of everything. It's It's e-sports in gaming. You have to have their chip in order to win. Okay? It is autonomous driving They absolutely have the best chips for autonomous driving. I know Google with Waymo would probably Fight me on that but that's in the word. But then the most important data server the whole Data farm issue that we saw the this combination overnight With 2.5 bros be bought they have a chip that is equal to 400 servers One box 400 servers with it and video chip that comes out this fall. By the way AMD is Google's partner against Trying to have two sources of data for of data chips and so it's AMD versus Nvidia That's why Nvidia can keep going up. It's also AMD versus Nvidia in graphical Processing which is the Gaming so that's why AMD can keep climbing here. I've been liking AMD and Nvidia for a very long time I have said that periodically their stocks go up too much and you get a consolidation. Those are winners All right speaking of the tech space Softbank to acquire Boston Dynamics from Alphabet here again Boston Dynamics were they were they Earnings focused enough or were they dreamers? Ruth Borat who is maybe the most the best CFO in America? Is trying to get it so that Google? Wait that Google's alphabet division the moonshot division that people still have a hope of making money I wonder what they can do with verily, which is their health division there, but that's why Waymo I've said it's worth a 70 billion. It's why Alphabet's one of the largest positions that we have for action alerts So I guess my thinking here is and I understood that trade was going to occur that they weren't making money And with poor artists now saying listen, I need money being made by these moonshots All right, let's move on to snap getting downgraded by city now I look I look at that and remember with in that are two things one is that the new campaigns don't seem to be doing They're having trouble getting new advertisers, but more importantly there is a dramatic increase in the float almost You know not 900 million shares more than 100 million shares coming to the market in August They're theorizing that given the fact that the stock has not done well that that will actually produce sellers I don't disagree with that Here's an interesting wrinkle to Amazon a small business lender Yeah, now it's interesting the best small business lender is square they lend against the cash sheets I use square at Barstain Miguel when we don't need cash, but we use their we use their Caviar division for takeout But and the reason there are two reasons why square is moving up one is people theorizing that Amazon's going to buy them And the other one is that people theorize that Jack Dorsey is going to leave and put it in the hands of Sarah fryer They're brilliant CFO. I just adore so it's entirely possible that there is something going on at square as a read-through with Amazon They are the small business lender of the future. That's the one I like now. I'm looking just so people know I am saying that AMD is better than people think and squares better than people think as Read-throughs to these issues about Nvidia and about Amazon. Okay, let's also talk about serious making an investment in Pandora I think that pretty much is now you're in a live nation phase. That's what they did with live nation Remember serious is you're talking about John Malone. You talk about Greg Muffet. He's brilliant Greg Muffet always gets his man so to speak. I have loved Greg Since I had a you know my old hedge fund But Pandora's I think is now capped and people who own Pandora move on to find the next thing All right, Jim. We're looking forward to your AAP call next week. Yes, and Wednesday and we're gonna talk a little bit about Some personal reflections about what you do in a situation where things are Unsettled in Washington even as we're ignoring them right now because I think the market saying there are so many good stocks Allot Nordstrom. Hey, by the way, I'm not so sure as I wrote in real money this morning that the Nordstrom family is in sellers They could be sellers that one thinks they want to double down I wonder whether they're trying to be like Belks. We don't know. I do believe a Nordstrom deal does get done I do believe their private equity firms that want to be in there That's the kind of thing that makes me say listen Maybe Washington doesn't matter as much given the fact that you have even retail remember the bear markets are retail oil Okay, where I expect to start seeing deals I do and banking the banking bear market seems to be least reading a little bit of conclusion We have an actual or Bolton out this morning, but more important I want to emphasize that Rusty Brazil and I who is RBN energy. He's just art Energy calm be doing a seminar with him next week. He's the greatest oil man in terms of knowledge He's totally has a piece out today about who's making the most money with oil at these prices Okay, and it's our oil position Apache. They were making I don't even care that I mean or they have this alpine It's not even in what I what we own it for but Apache is the most lucrative oil company on the planet right now And people say that we should throw it out and not in the other one that we're I'm going to talk about of course a snap one Where there's a raid every single day. We're holding off buying because the raid is so Ferocious that I just don't want to throw good money after bad right now. We'll come a level So all these will be discussed on our conference call next Wednesday. You've got to be on it All right, so go to action alerts plus comm for more information on that. Thank you Kramer Thank you so much as always all right and for more of the stocks to mention please head back to the street calm