>> Thanks for watching. Fast money starts right now. >> Hey I'm Cramer, welcome to Mad Money. Welcome to Cramerica other my friends I'm just trying to make you a little money.My job is not just to entertain you but to educate and to teach you. So call me at one 800 703 CNBC or tweet me JimCramer. We've now got two trade deal wins on our hands.Last week's deal with Japan and this weekend's deal with the European Union. Despite the market's muted response Dow slipping 64 points S&P inching up 0.02% Nasdaq adv ...

Market Trends & Economic Factors - This week's events, including the Fed decision, PPE data, and jobs report, could be an inflection point for stocks trading near records [1] - Markets are pricing in potential weakness in the labor market, despite current strength [4] - Tariffs are now six times higher than when Trump took office, representing the highest levels in post-World War history, which could become an issue [3] - Confidence is returning, leading to increased spending, particularly in CapEx [15] Company Performance & Earnings - UPS stock has been a disaster for 3.5-4 years, cut in half, indicating company-specific problems [5] - Coinbase's upcoming report is crucial given its recent run; strong results are needed to justify valuation [6] - Tech earnings, particularly Google's, are in focus; while Google had a good quarter and guidance, CapEx spending is now viewed with caution [7][8] - Meta's spending on talent and CapEx, coupled with Llama 3's performance, raises concerns about profitability [9][10] - Microsoft's Azure is gaining traction in AI sales due to its OpenAI relationship [11] Bond Market & Yields - The bond market is stubborn, with yields starting to tick up, indicating a potential shift in market sentiment [6] - There will be a level where the market starts to care about bond yields [7]

And this week is critical for the stock market as investors get ready to digest a Fed decision, July jobs report, and earnings results from mag seven names Meta, Microsoft, Amazon, and Apple. Joining me now to highlight other earnings that should be on your radar this week is Victoria Green from G Squared Private Wealth. Uh Victoria, good to see you.So, what are some of the B sides that you think are worth listening to this week. The Bside. Oh man, it's so weird to talk about these companies as also rans.Lo ...

Financial Performance - Whirlpool's adjusted earnings per share (EPS) were $1.34, missing estimates of $1.74 [1] - Revenues reached $3.77 billion, falling short of the estimated $3.88 billion [1] - The company projects full-year revenue of $15.8 billion, exceeding estimates of $15.66 billion [1] - Full-year adjusted EPS is guided to $6 to $8, significantly below the $9.13 estimate [1] Market Dynamics & Tariffs - North American revenue amounted to $2.4 billion, slightly surpassing estimates [1] - Excluding currency effects, North American net sales decreased by 4.6% [1] - Competitors' stockpiling of Asian imports into the US impacted the second quarter [1] - Whirlpool believes evolving tariff policies will ultimately support domestic manufacturers [1] Stock Performance - Shares are down nearly 11% [1]

Core Insights - Park National Corporation reported a strong financial performance for the second quarter and first half of 2025, with significant increases in net income and earnings per share compared to the same periods in 2024 [2][15]. Financial Performance - Net income for Q2 2025 was $48.1 million, a 22.2% increase from $39.4 million in Q2 2024. Earnings per diluted common share rose to $2.97 from $2.42 in the same quarter last year [2][11]. - For the first half of 2025, net income reached $90.3 million, up 21.1% from $74.6 million in the first half of 2024, with earnings per diluted common share increasing to $5.56 from $4.60 [2][15]. Loan and Deposit Growth - Total loans increased by 1.9% (3.8% annualized) in the first half of 2025 and by 3.9% over the 12-month period ending June 30, 2025 [3]. - Reported period-end deposits rose by 1.2% (2.3% annualized) during the first half of 2025, although they decreased by 0.9% over the 12-month period [4]. Operational Efficiency - The company achieved a 21% increase in earnings per share through disciplined expense control and margin expansion [5]. - The net interest margin improved to 4.75% in Q2 2025, up from 4.39% in Q2 2024, reflecting effective management of interest income and expenses [12]. Asset Quality - Total nonperforming loans decreased by 9.9% year-over-year, indicating improved asset quality [13]. - The allowance for credit losses as a percentage of period-end loans was 1.13%, consistent with the previous year [14]. Market Data - The company declared a quarterly cash dividend of $1.07 per common share, payable on September 10, 2025 [1][19]. - As of June 30, 2025, Park National Corporation had total assets of $9.9 billion [5][21].

Market Overview & Expectations - S&P 500 rally is heavily influenced by the earnings of major tech companies, particularly the "Magnificent Seven" [1] - Investors are showing caution due to high valuations and expectations for these companies [4][5] - Earnings expectations for this group have slightly decreased to 16% quarter-over-quarter growth, down from 19% [6] Key Companies & Performance - Microsoft and Meta are significant drivers of the S&P 500 rally, especially since April [2][10] - Apple is down approximately 15% year-to-date, facing scrutiny regarding AI plans and China exposure [3] - Amazon's stock performance is relatively flat year-to-date [2] Earnings Impact & Strategy - Companies must "beat and raise" earnings to sustain the rally in their stocks [6] - Delivering strong results is crucial to justify the stretched valuations of these companies [7] - Positive earnings reports are being rewarded with share price increases, while negative reports are punished [11] Index Level Implications - Poor performance from key companies like Microsoft could lead to turmoil at the index level [10] - Apple's potential recovery could significantly boost the S&P 500 [8]

UnitedHealth Group Outlook - Street is trying to understand the next 6-18 months, with less focus on 2025 [2] - Expectation of reintroduced guidance from UnitedHealth with a new CEO [2] - Potential earnings range of $18-$20 for the balance of the year or fiscal year 2025 may be sufficient [3] - Previous expectations for UnitedHealth were closer to the high $20s, now trying to determine the trough earnings number [4] - Focus is on price discovery and investor multiple on future earnings (2026, 2027, etc) [4] Pharmaceutical Tariff Implications - Potential tariff angle on big pharma is being considered [1][5] - Street is bracing for a potential 15%-25% tariff rate across the board for large-cap pharma [7] - Sector-wide tariff has been rumored for 6-8 weeks with no concrete action [7] - Clarity on tariffs could lead to a rally in pharma stocks [8] - Uncertainty remains regarding the administration's actions and clarity on pharmaceutical policies [9] Pharmaceutical Industry Challenges - Focus on bringing pharmaceuticals back to America [6] - Potential impact of most favored nations status [9] - Losses of exclusivity are well-documented challenges [10]

at this time each year. This is a market that has been broadening, you know. Yes, it's true that Mega-cap has done very well.But if you look at a lot of other sectors, communications, industrials, financials, a lot of other sectors have done well, even materials of all things. >> You know, the what you're talking about is how Google Alphabet performed afterwards. That's endemic of the market.That's why we're not seeing we don't know what the substance of this trade agreement is with the EU. But if you'd. >> ...

Consumer & Economy - US consumer is holding in pretty well, supported by bank earnings, and consumer health is crucial as it represents approximately 69% of the economy [1][2] - Executive sentiment regarding future prospects is more important than backward-looking data, as it will drive corporate activity in the next 6 months and impact the broader macro view [3][4] Market Sentiment & Valuation - Market exhibits bullishness, especially among retail investors, indicated by the resurgence of meme stocks, crypto, and SPACs, requiring close monitoring [5] - Current valuations appear stretched relative to historical data, but valuations are more useful on a 5 to 10-year horizon [4][5] US-China Trade - US relies on China for rare earth minerals, potentially for another decade before achieving self-sufficiency [6] - China needs US chips, and US needs its chip and AI companies to thrive for wealth creation, suggesting a need for compromise between both countries [7] Fed Independence & Monetary Policy - Reduction of Fed independence could lead to a weaker currency, higher inflation, and higher long-term yields, as seen in other countries [10][11] - The market is closely watching potential dissents within the Fed, as two governors dissenting is not common and could impact rate volatility [13] - There is disagreement on whether the economy needs a rate cut, with some arguing that the stock market's all-time high suggests rates are not overly restrictive [15] Inflation & Tariffs - There is a risk of higher inflation in the second half of the year, potentially jeopardizing expectations of two Fed rate cuts by January [19] - The impact of tariffs on consumer prices is uncertain, with a possibility of increased tariff impact due to wound-down inventories and stricter government regulations on transshipments [17][18] AI & Productivity - The Fed's ability to model the productivity gains from AI over the next 18 to 24 months is questionable, making it difficult to set appropriate Fed funds rate [16] - Setting monetary policy based on uncertain AI productivity gains is considered nonsensical [17]

AI Investments and Performance - Intelligent Alpha uses AI large language models to estimate earnings for 1,000 companies each quarter [2] - Meta is expected to beat earnings, driven by significant investments in AI talent, despite Llama being behind competitors [3][14][15] - Mark Zuckerberg has spent billions of dollars on talent to catch up in the AI frontier model race [3] - Google added another 10 billion to their capex estimates for this year [4] - Intelligent Alpha focuses on GPT from OpenAI, Gemini from Google, and Claude from Anthropic, considering them the best models [14] Apple's AI Strategy and Future Outlook - Apple's stock is under question regarding its AI strategy, with limited answers expected this quarter [5][6] - The catalyst for Apple is the September iPhone launch and potential AI feature announcements to accelerate growth [7] - Apple may rely on third parties like GPT and Gemini for AI capabilities, potentially impacting stock performance [7] - Partnering with top LLM providers like GPT could be sufficient for Apple, focusing on user safety and integration [8] Amazon's Concerns - Amazon's top line is a concern for Intelligent Alpha's models this quarter, expecting a miss due to tariffs [9] - Amazon's bottom line is expected to be fine, indicating potential margin strength [9] - Inflation increases might impact Amazon in Q3 [10]