 Hey, good morning, everyone. It is Monday and we are on the floor of the New York Stock Exchange to talk about the markets with Jim Cramer All right, Jim. Let's begin with your real-money article Tax reform. I mean no one wants to get anything done. This is incredible because going into September They were talking about administration was talking about listen This is gonna be the month you're gonna see a lot of a lot of big moose now. There's a big six conference I mean, please none of the big six agrees on anything repeal it came back up Repeal replace I mean I have Michael Knight or from Centine which is coming doesn't actually the best in the current regime What would do great in the future regime? Whatever it is and he just said look This is a total non-starter people don't even understand what it is. I just thought when that came up It was once again a sign that tax reform is nowhere Because they can't get away in Congress They can't get away from the notion of talking about Obamacare the president can't get away from the notion of sports radio So you just really have a situation where the actual issues that we thought we're gonna be brought up seem irrelevant So this inaction hasn't really affected the stock market so far this year, but will it in the coming months? No, because I think that what it does is the first at the 2018 But it is just I think from the American people's perspective a sign of dysfunction which alienates people and when the Focuses on standing kneeling and the national anthem as Mark Cuban said on Squawk on the street It's a divisive issue NBA starts October 20th. The NBA has really been out of its way under Stern and Silver Urging players to speak their mind So it will be very important to see what Jerry Jones does tonight because he has said listen he supports the president And never the president came out very strong and said they should throw the son of the bitches out He's waiting for an owner to kick somebody out Jerry Jones. I know him He's a terrific owner and he's a very big and he always he chides me on fantasy by saying that it's fantasy is like What he feels he gets gets very very emotional He had talked about one point not joking around just talking about the suicidal Aspect of losing which he was like trying to say I'm not making light of suicide at all But just saying that there are the emotions that are involved. So I mean will he come out and be with the president I think this is really important because Bob Kraft is a good friend of the president And he came out strongly for what the players are doing. All right, Jim We'll watch how that plays out moving to individual stocks. What did you make of General Motors the upgrade by Deutsche Bank? You know look I think that this is one of those upgrades where you see a stock flying It's breaking out and you come up with a thesis and this is the autonomous vehicle thesis and how much it's worth to GM I would point out that if that piece had not come out. I think would argue that the The the slowdown of the actual sports utility vehicles would have been far more important As witness the fact that there's a Tennessee a third shift in Tennessee That's been throttled back which is rather amazing when you think about car max's numbers and how we thought that there'd be good demand coming from The hurricane in Houston. So this is very the short term is bad for I would say the short term You don't want to be in GM if they're cutting back shifts Do I buy the autonomous vehicle reason owned GM? Jim's a very cheap stock Jim four to the two cheapest stocks in the market But your third I follow that cheap if you're back out the cash is Apple. Huh? Well and speaking of Apple What do you make of concerns about Apple's current quarter with Jim Suva correctly put everything together? I happen to like Jim very much in cities. Good guy And his city note just puts in perspective, which is that he doesn't change his price target He shuffles around the earnings and obviously there's this kind of like confusion about which phone You want I always come back to owning Apple don't trade it and that it's a great consumer product company You should no more care about which product iteration they have and on the different tierings of a lot of consumer product companies And I continue to think that Apple's right by the way They've thrown away Nvidia and they've thrown away Broadcom during this period and I don't think that those are things you So throw away I mentioned those because all three are action alerts names Then we are reiterating seem very right here and action alerts plus had some great analysis on Apple back on Friday. Thank you Yes, you know, I said FEMA it is a Guy who joined me a little while ago and then Jeff Marks is a guy who's really our central speed Guy who was terrific enough to do break that note on Friday I don't think people realize we have a fabulous team that we've been building in action alerts and Jeff's analysis on Apple I thought was a must and I think that people have to read it and understand I'll not unlike his arrogant analysis this morning, which is very very important action alerts plus comm are Jim speaking of the club A general electric selling its industrial solutions. I think that John Flannery Takes to heart the idea that perhaps he shouldn't wait until the November meeting in order to be able to put things in Order why because I know he reads the research. I know he reads the cell ratings I know he's worried about the cash flow. I know he doesn't want to put the dividend in jeopardy He's moving very very quickly the corporate jets said a huge message huge message, but more importantly industrial solutions These were considered to be in violent. I remember interviewing Jeff him out about is there anything that you can sell anything and the answer was no no no no Well, suddenly here's 2.6 billion just you know falls into their lap Obviously Flannery is looking at the earnings that is going to be lost by that and not thinking That's what matters and said he wants to cash in there have been questions about the amount of cash the general electric has on hand This is something that Flannery is making a priority. I think that Flannery is being underestimated on Wall Street I think the people I have a friend who worked with Flannery who just said over and over again This man is rigorous. He's not a politician. He's not out there giving speeches He's out there finding new ways to augment cash flow, which makes me feel better about the position We did buy some I know everyone's written off GE Maybe that's when you have to get a little more excited now the notes about GE are that the earnings have to come down There is going to be a reset I think for earnings But the fact is and I know that they didn't make the GE the dividend they kind of changed the language Saying it's a priority from being a must But what I like is Flannery is taking action ahead of when people thought he would well So then will this November meeting be sort of an inflection point for the stock I think he has to reset expectations not unlike the way Starbucks has to be expected reset expectations But Starbucks fell from 64 to 53 on notion of reset GE fell from 30 down to 23 on notion of reset Sometimes the reset gets built in and the annals have to upgrade or change their view once you get the reset All right me well Jim What did you make of Disney's threats to pull content from LTS? You know, this is just kind of one of these bad. I happen to be an LTS subscriber It's one of those battles where Disney's trying to show you You really need ESPN. How do I feel about it? I need ESPN My weekend reposs ready ESPN and I would hate to see I would sure not want to lose it, but it but it does matter tremendously and I think that they're gonna win I think Disney wins. Is Disney more confident in these negotiations now that they have a controlling stake in BAM tech per se? No, no, I don't think those have much to do that actually Disney That is something that we don't really know what they're gonna do with yet But I do think that I like the acquisition very very much meanwhile target reaffirming their guidance That was people I think we're spending way too much time talking about the idea that Target by raising rates raising the amount that they pay people it's gonna hurt I think that what hurts is training costs And so when you raise what people pay per hour Then you end up with a much much more satisfied workforce and people don't leave and I think that that's what matters That's what Walmart did. I am was more inclined to like target now. Remember, I think target has too many stores I think target has to close stores. I think target has to go with the smaller form if you go to Brooklyn. You'll see the big stores really kind of the smallest the small-scale store is really excellent by the way as I mentioned in Stop trading the piece by Matthew boss about TJX and raising same-store sales I emphasize the raw stores number race. He was in Europe with TJX and raw stores When you close stores and you close square footage the winners are Burlington their TJX and the Ross excellent piece by Matthew I'll teach Morgan TJX your favorite retailer right now. Yes. Now. That's been wrong in the sense that Raw stores has done better But I do because they had a great same-store sales They had a really good last quarter But I think TJX is by far the cheapest and they've got home since they're doing so many things There's a huge seller TJX gigantic seller. I don't know he is but he never backs away He lives at the 73 level and he's crushed the stock. He should back away All right, Jim Let's move on to earnings to watch staying with retail for a little bit or apparel. And what are you expecting from Nike? Okay from Nike I don't if Nike could have a good number, but then people will sell it again because of Adidas I bought a pair of all birds this weekend. Why do I mention that because they just got a lot of fun? It's direct to consumer the sneaker industry remains in flux. I don't want to touch it There are too many players in the sneaker industry. All right, Jim. We talked about Apple and the chip makers earlier What are you expecting from micron which reports? Okay micron? I think it's gonna have a blowout number I think people gonna have to raise their numbers because there's still a lot of people who felt that that micron That DRAM prices we're gonna roll over Remember their flash and DRAM flash remains really good DRAM remains really good only disk drives your bed So I think micron will be good. By the way, let's I don't switch the topics entirely Let's talk about what David Faber did broke today sprinting T-Mobile still very much on this is moving Verizon This is moving ATT the notion of consolidation the notion that there will be a T-Mobile acquisition of someone is driving that group higher I have historically liked Verizon and ATT as ways to be able to capture income I reiterate that I like them as ways to capture income John Leisure being the head of any company that is in the phone business Is going to be a very tough competitor because he's so great. He's a great person on Twitter, too Yes, all right, and then we also had Mark Cuban this morning and Mark talking about What's going on in the NFL and Mark Cuban talking about players speaking their mind and the president should go read a book I thought that was historical analysis that was historical and Jim before we go Congratulations to your Eagles. Yeah, it was this is one where everybody's there and the Eagles fell apart in the fourth quarter And the grid of a cut the grid of a team is to come back And I think that not enough people are talking about house on Jeffrey By getting out of bounds with one second left knowing where you are in the field and then Jake Elliott Hitting a field goal. I posted a game winning field goal that he had in high school There are people who know this guy congratulations to how we rose men for picking him up when Sturgis went down not a lot of people have him in my league Maybe you got to rethink who the kicker should be for your league Although he did miss a 30 order before that which made us feel that a 61 yard It was out of range and remember that is the Eagles franchise record. Yeah, Jim How is your league doing by the way? Um, well my my fantasy team had 160 points right now high man Regina Gilgan is the executive producer who is Tonight they dine in hell as her team and minds the ski daddies and she may be able to top me But I had my team's jelly and my team is Russell Wilson as quarterback He finally came through my team is you know Beckham finally came through two catches that were really important They finally are throwing the cookie up there in the Patriots that mattered tremendously And I've got tire, you know, I've got Cohen for Chicago didn't get all the touches I'd like I've got a pretty good team and I think that people Underested my team going in I will have to make a change in defense because the Eagles are so beaten up And I hope the best for Darren sprawls by the way who did break his arm this Sunday It's just like managing a stock portfolio. Yeah. Well, I mean you got to have a diversification and I certainly have that All right, Jim we're rooting for you. Thank you. Thank you so much for more information on the stocks Jim mentioned Please head back to the street.com