Jim Cramer Live 10/5/18: September Jobs Report, Roku, Retail and Constellation
Jim Cramer broke down the details that are causing him to be unhappy with the market.
Cramer said that he believes the Federal Reserve is “traumatized.”
“I think that Jay Powell just wants to raise rates,” he said when asked about his thoughts on the September jobs report.
Cramer dove into Roku, the popular streaming player. He talked about how millennials are cutting cords and relying more heavily on streaming. “Roku is the cord-cutting way to watch your screen,” Cramer said.
Costco is Real Money’s stock of the day.
Over on Real Money, Kevin Curran and other writers have been heavily covering the wholesaler. Cramer discusses the membership fees and how Costco is putting up a fight in the retail world.
On Thursday night, Cramer sat down with the CEO of Constellation Brands. Constellation released positive earnings on Thursday, beating on both top and bottom lines.
The company’s COO will be chatting with Cramer at his teach-in on October 13.