 Hey, it's Friday and we are on the floor of the New York Stock Exchange with Jim Kramer all right Jim Let's begin with that jobs number losing 33,000 But I mean I think the key thing here when it comes to interest rates is that average hourly work up a little bit my friend Matt Man writing partner Matt Horween and I always commented out just any little bit of it of increase in that at all Which is such a shame because people don't make that much money in the country Is enough to be able to trigger a rate hike now what we care about with a rate hike is obviously that just added Usually the bottom line of JP Morgan of the Bank of America to other Wells Fargo of a city So I mean you're gonna get that upward move I would prefer the upward move come from better business not from higher wages because I you know I don't want I don't want a rate hike just because somebody's making 15 cent more But you know what the group is this markets being led by the financials and that's okay with me And we'll get those earnings next week from JP Morgan and others. They've got to be blowout now That's the problem because JP Morgan they're beginning to get price-earnings multiples of average stocks like they used to before the crash and That's important that they maintain that momentum I am seeing a little too much momentum in the market entirely here the S&P 500 The S&P oscillator that I follow that I pay for was up plus five last night That's the level where I historically have had to get a little more cautious. So I'm just going to go with my long term since 1986 belief in that S&P oscillator and say listen, I'm a little more cautious markets finally over what has been over what the whole time Trust me president. It's most over what interesting Meanwhile a Costco shares getting hit even though the numbers were good as you're right in real money Yeah, I know Costco's a zeitgeist story. I'm on the one hand Costco put up the best numbers of almost any retail on the other hand people are talking about the idea that perhaps The odd number of people who go a little bit less the aging of the Costco member Millennials not re-upping It's really the subtext of it is is that Amazon Whole Foods is going to get these guys versus Costco saying what are you talking about? We're doing great. Is there anything Costco to do can do to take on Amazon? Well, I don't I think they're doing every I mean it costs us doing great. So I mean do they have to Get well, that's that's really the subtext of the piece that I wrote which is that they're doing great So I mean what more can they do if they're doing great? They're winning but it doesn't matter because we're in a world where you won't pay 25 times earnings And that's the essence of the piece for a company that that Amazon is going after me while Jeffrey's cutting estimates at Disney over that Streaming network. Yeah, well, they also just say that the movie schedule is going to be tough And they have to do read they have to do investment in the streaming network That is a number that's below street average. The stock's been hanging at a hundred I've always taken a long-term view about Disney that they'll figure it out and Netflix raising prices Maybe that's good for Disney in the long term. Yeah, a lot of people are saying that's the case because then that gives you a I'll level that you can buy a Let's say a 999 offering from Disney because you've been conditioned to buy a 999 offering from Netflix I you know That's kind of neither here nor there if you like the programming that Disney's gonna offer for sports free as pan You'll pay and if you don't you won't meanwhile crap Heinz upgraded at Piper Jaffrey Yeah That's a worrisome upgrade because what it says is that they're ready to do an accretive acquisition Of course, they've been ready since the stock was at 97. It's down the 70s What's happened there is is that the incredible shrinking multiple of the pantry stocks? And that really got underway when General Mills reported such a disappointing quarter Are there any companies you think Kraft Heinz should focus on in terms of acquisitions? I think the problem is is that there aren't any that I think I Want to be for sale. Maybe I've mentioned pinnacle foods on the show But on Squawk on the street But one of the things that that Kraft Heinz has to do is it can't do hostile Because one of the investors is Warren Buffett and he has already told him no host no hostile deals meanwhile and video shares I One point this morning hitting 180 it can't get through that level because it's just being Recommended over and over again on the same things You know, there's an outfit. I don't want to confuse us now IPO came public today switch But there's a game Nintendo switch and they're gonna be shipping 20 million Units and that's an NVIDIA product and I would love to see numbers bumped off of the switch But I'm not seeing numbers bump them just seeing the same kind of read by read by it's a strong situation And that's not enough to really move the needle and you really want investors to know what NVIDIA is Yeah, well, I mean I just find that what there's two things that are going on that worry me One is is that a lot of people don't know what a Shopify is or NVIDIA is but second they say well You know what if I I don't want to I have single stock risk if I don't know what one is So I'll buy a basket of stocks. I'll buy the fang basket, and then I don't know what any of them do and yet I'll do it's safer know what you own, please just know what you own and if you don't know what it is then sell it Meanwhile Bristol miles or Myers has a note from UBS this right the UBS note Is basically that for all the Sturman drying about maybe that up divas not as good as As some of the drug the other drugs out there particularly the Merc drug You know you really keep true to spin I think the star of Merc hasn't done anything during this period Bristol Mars is up a lot But they're basically justifying the move of Bristol Mars saying listen, it's real It's based on the fact that up divos still got a lot of great markets that it dominates in I didn't like that kind of upgrade But you could say well Jim why you know you've been in Lily for action alerts And you've let that one go up on nothing new and that's you could argue that that's true But we think that Lily's a remote. We think that Lily Has a lot in the pipeline Bristol Myers does not but people are always gonna buy Bristol Mars Aren't you shifting gears now? There's word that AOL could be ending instant messenger. Yeah, you know, it's funny I mean You know this acquisition for I's an acquisition of AOL Yeah, who just flew not doing anything. I used to be an instant messenger the trading desk I used to be in this semester. I I got rid of AOL I got rid of AOL because every time no matter what I did I was hacked And I just literally got rid of it because everybody was telling me I was always getting quite Emails people saying Jim I got an email from spam from your account I used to use this semester, but they this the security of AOL was nil in the end And then we saw Yahoo. We had that huge breach there. These are these are damaged assets I would like to go in there and help to Tim Armstrong run them because I've got some ideas, but frankly I The instant message I had by I used to use an Eagles. Everyone knew I had an eagle's little box around it, but I Just got tired of finding that people had gotten Spam from me because someone had hacked me so I had to close my AOL account Speaking of the Eagles gym big game this Sunday against the Cardinals every games big from now on right? I mean, you know look I these are no gimmies because I was there when Fitzgerald Torched us. I do like I like Wendell Smallwood. He will not be playing. I was gonna wear my Fletcher Cox 91 jersey I may do it anyway, but he's not playing. I Have no Eagles in fantasy this weekend I did pick up Clement on the waiver wire because I think that he was great in Wisconsin people He was overshadowed by Melvin Gordon I'll be watching to see the Giants versus the Chargers. I you know, well, someone's gonna have to win a game there Last night I felt so bad for Nick Folk because he did lose the game That would have been a Tampa Bay win. I think New England is very vulnerable I continue to think that Kansas City Is the best in the a and I think that Atlanta is the best in the end Land will be without both Sunoo and JJ. So I don't know what they've got by come Look, here's the problem. I see with the NFL And by the way Bob Sans was Rob Sansley aside from Constellation says it's still worth advertising There there is such parody this year that I just never even know. I mean like Seattle not that great New England Not that great. I mean Giants not that great Cowboys very vulnerable against Green Bay coming into Dallas I just saw Emmett Smith and when the Cowboys retire. I like them. It's hilarious. I mean I Text Tony Romo when he's in the booth. So anyway, it's gonna be a big weekend for football big weekend for fantasy and While we're at it just by the way in terms of big weekends We got a weekend coming up. Yes at the end of October where we'll be doing a teach-in And I think it's going to be really valuable people are watching this video We are going to do have some more ideas about how to make money in this market And they will be in-depth it will not be like hey, I like Shopify. We're gonna do technicals We're gonna do what to do about ETS. We're gonna talk about flow We're gonna talk about things. I'm gonna have some ideas that I think that I've not talked about We've got a lot of really great people together, and it's a special street Very very special street product. I haven't done a teach-in on a Saturday in a decade It was the most well-attended thing we've ever done at the street, and I really want people to think about this Well, yeah, we'll get pictures to do Facebook Instagram, but it is about ideas and learning It is about actionable trades, and I think that people have to come and there'll be a lot more of information If you go to the website about it, but I'm devoting my Saturday to it. You should devote your Saturday to it Yeah, we can't wait for it Jim. That's October 28th. Yes. Thank you. It's gonna be terrific. Can't miss event. All right Jim Cramer, we'll leave it there. Thank you so much for more information on the stocks Jim just mentioned Please head to the street.com