Network officials also said voters should expect more of a Koch focus on grassroots activism throughout the 2020 election cycle.Politicsread more
In a room full of avowed capitalists, policies that sound to some like socialism are bound not to go over well.Delivering Alpharead more
GM's usage of temporary workers, potential closure of plants and health care contributions remain major sticking points, according to people familiar with the talks.Autosread more
Trump has criticized Facebook numerous times since becoming president, most recently posting on Twitter that the company's proposed digital currency, libra, will "have little...Technologyread more
Republicans and Democrats have long since separated themselves by ideology, leaving each more uniformly conservative or liberal than ever. And now a new data analysis by the...Politicsread more
At least in terms of monetary policy, Pence says should be taking after other regions who keep their benchmark interest rates near zero.Delivering Alpharead more
The Pentagon on Thursday said the recent attack on Saudi Arabian oil facilities were "sophisticated" and represented a "dramatic escalation" in tensions within the region.Defenseread more
The flap illustrates the growing distrust of the YouTube community, and willingness to assume the worst in light of unclear communication.Technologyread more
Four years ago Microsoft had just two women on its board. Walmsley is now the fifth.Technologyread more
AT&T isn't focused on selling or divesting DirecTV, despite pressure from stakeholder Elliott Management, sources tell CNBC.Technologyread more
Patrick Shyu, a former tech lead at Google, has posted a series of videos making fun of Facebook, where he worked as a software engineer until last month.Technologyread more
It's been less than six months since Amazon announced its deal to buy Whole Foods, but for CNBC's Jim Cramer and many of the country's supermarket chains, it's felt like years.
"On that fateful day, June 16, the whole supermarket sector got beaten to a pulp, with many of the grocers seeing their stocks fall 5 to 10 percent in a single session," the "Mad Money" host said.
Simply, Wall Street got ahead of itself, Cramer said. As soon as Amazon made its takeover public, analysts raced to slash their estimates on every possible competitor.
What they didn't account for was the near term, and the grocers' latest earnings results only confirmed that the analysts jumped the gun.
Wal-Mart, for example, hit all-time highs after it upped its forecast and announced a $20 billion stock buyback, a whopping 8.5 percent of its market cap at the time.
"If you want a major player where groceries are just one part of the equation, I definitely favor Wal-Mart over Target," Cramer said. "Long term, Wal-Mart is the only retailer with the heft to truly challenge Amazon. It's also got the leadership to pull it off thanks to CEO Doug McMillon."
Cramer was loathe to accredit the Dow's record day to the fundamentals.
"This is not a rally," the "Mad Money" host said on Monday. "This is really a redistribution. It's not a bet on the future, it's a wager that some earnings estimates are going higher while others just stay the same."
In other words, Monday's market rotation was "100 percent about tax reform," Cramer said. The successful passage of the tax reform bill in the Senate brings domestic companies closer to a large, earnings-additive tax cut.
But more internationally oriented companies, like most of tech, don't get much of a boost except for repatriation, which is why the tech-heavy Nasdaq suffered as the Dow rose, Cramer said.
"It's like Congress has waved a magic wand at every cable company, railroad, retailer and restaurant, as well as a smattering of industrials that have great U.S. exposure, and that wand has radically raised earnings for 2018," Cramer said.
Cramer has found that certain companies have started to "change the narrative" with strategic mergers and acquisitions when doubt falls on their well-being.
"Today we got two classic changes of narrative, one from Disney and the other from CVS Health," Cramer said, referring to Disney's revived deal talks with Twenty-First Century Fox and CVS' $69 billion deal to buy health insurer Aetna.
If Disney and Fox's talks prove successful, Disney would acquire Fox's non-news, non-sports assets to bolster its entertainment offerings. CVS plans to integrate Aetna's network into its own to become a massive, one-stop shop for pharmacy benefits and clinical care.
"We are witnessing a major platform shift, the rise of conversational artificial intelligence services like Alexa and Siri and Google Assistant," Lerman told Cramer on Monday. "Each of these services needs knowledge to give you an answer. If you ask Google Assistant how many calories are in a Big Mac, she needs to know the answer to tell you. And Yext lets companies manage all their deep digital knowledge in the cloud and automatically sync it to over 100 services."
While companies can't control Google's interface or A.I. capabilities, they can control the details they provide to the search giant. That's where Yext comes in, particularly for larger companies where managing data can prove exceedingly difficult, Lerman said.
"Volvo just signed up with Yext about six months ago," the CEO said. "They revealed, at our annual user conference, Onward, this year, that we've corrected more than 50,000 data errors since they signed up with us."
In Cramer's lightning round, he flew through his take on some callers' favorite stocks:
Lam Research Corporation: "You've got to go over what Katy Huberty said, from Morgan Stanley. She's saying that flash is going to roll over. Lam makes machines to make flash. If that's the case, then that stock is rolling over, too, and it makes a lot of sense. I happen to think Lam's a great company, but I'm not going to stick my head in the Lam lion's den, not yet. I've got to wait to see it go to where all the sellers are done, and the panicked sellers are still very much in there."
Advanced Energy Industries, Inc.: "I think that what you have to do first is go with the traditionals. You have to buy an Intel or a Texas Instruments before you go down the food chain like this, because that's what's going to bottom first."