文字起こし The Dow Drops Over 1,000 Points, Pioneer Natural Resources CEO, Shopify President & Scott’s Miracle-Gro Face Off 5/5/22

ジムクレイマーのMAD MONEYの文字起こしになります。米国株を英語学習を通じて投資したい方に向けて作りました。皆さんの反応を見て改善点や英語解説などい追加して行けたらと思います。とても有益な番組なのにジムの英語が難しくて悩んたのをきっかけにこのノートを作成しました。 聞き取れない部分もあるのでご了承ください。是非Podcastを聴きながら合わせてこのnoteをみれば、様々なアメリカ英語を聞くことでリスニング力を鍛えることが出来ると同時に、タイムリーな米国株投資情報を得ることができます。イイネ！と思った方は投げ銭いただけると嬉しいです

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Hey on Cramer, welcome to Mad Money. Welcome to America. I do want to make friends to try to save some money. My job is not just to entertain you but to educate, teach. Explain days like today. When should call me 100 743. CNBC. Please tweet me at Jim Cramer. I want you to get used to days like today, days where the Dow plunges up 1063 points, SP plummets 3.56%. And yes, NASDAQ goes down almost 5% 4.99. What's happening right now as the market is repricing stocks, your stocks on the fly with Wall Street deciding that all stocks are worth less every time a thing called the 10 year treasury. It's what the Treasury borrows that 10 year basis ticks down in price. And up until yep, I mean, every time. And that's what happens in this stage of runaway inflation. Frankly, it's the only touchstone to trust, even as it smells real bad, and you wish it were not happening. 3.5 you're high on the tenure does that. Now it's been so long since we had a market like this that I think many investors mistakenly believe that the Fed is in charge of all interest rates just not true. Long term rates are controlled by investors around the world. And they clearly believe you can't own US bonds here because they keep going down in price. These guys are losing fortunes owning US Treasuries because of inflation. So they wanted Jay Powell to take a more aggressive approach to tamping down inflation. In other words, they want the Fed to engineer recession, they wanted to tear the 75 is on the table. They want to hear that he might raise interest rates of four point they want to recession and it's not what they got. Now, the stock market has always been closely related to the bond market the property join it to him, except the bond market is much bigger and much, much more powerful than stocks. If bond yields are going up. That's because investors are afraid of inflation. And don't believe the Fed can get it under control with a series of meager 50 basis point double rate hikes. They expect 75 basis points, triple rate hikes and idea that Powell took off the table yesterday. But when you look at the actual long term treasuries, it's clear these bond sellers don't believe he can keep it off the table. I've got a lot of confidence with Jay Powell and what he's doing. The bond market has no confidence Jay Powell what he's doing. But let's step back for a second. And be curious about stocks, not bonds. Right. Now it's my old friend and mentor David Dorsey used to come on the network a lot taught me when we were at Goldman Sachs together, the key to stock picking actually the key to making money quickly, and we had a lot of bad days together because a tough time in the 80s is to be sureness. And you've probably never heard that before. It's to be curious. But curiosity helps you a great deal when you're trying to make money because it forces you to answer certain questions. First, is every company really worth less today than it was yesterday? Which is what the stock market is saying? The answer is no. If you take your cue only from the bond market, we're headed for a high inflation world where the Fed has to raise interest rates aggressively. That means you should buy stocks that do well if you believe that they do well in a high inflation slowdown the Jimmy Carter scenario think the oils like the ones we have on later think pioneer natural resource with its huge base plus variable dividend. Same goes for Kotara Diamondback energy Devon as they talked about on today's conference call for CBC because you know I love the oils. That's my CBC Investing Club mantra. I love the oils. Second, well the Russian invasion of Ukraine where China's rolling lock downs last forever. Of course not. Yet right now, stocks reflected never knew more and never any locked down. Even if China doesn't do anything differently. We know from experience these lock downs and after few months at most, once China goes back to normal and it will, you can see insane rallies in stocks like Nike and Starbucks. By the way, Starbucks is paying you to wait with a 2.5% yield and Howard's running it again. As for Nike the worldwide sales tripled without China but nobody wants to own this stock without the substantial Chinese business. Sooner or later. The lock downs will end in Nike Chinese sales will rebound might happen even faster if the Communist Party comes to its has just changed his mind and embraces the Pfizer moderna or will Pfizer by the ways by Windex, which they have. They're just choosing not to use. Speaking of changing minds, we know that Putin can't come up with something that he can spin as a victory in Ukraine.