Company Performance - Amazon reported third-quarter revenue of $180.2 billion, exceeding Wall Street's estimate of $177.9 billion, leading to a stock surge of 9.6% [1][9] - AWS, Amazon's cloud unit, experienced a 20% revenue increase, marking its fastest growth since 2022, with CEO Andy Jassy highlighting strong AI adoption and infrastructure demand [1][9] - Netflix's stock rose 2.7% following the announcement of a 10-for-1 stock split, which has sparked speculation about its potential inclusion in the Dow Jones Industrial Average [2][11] - Advanced Micro Devices (AMD) achieved a remarkable 58% gain in October, its best monthly performance since 2001, driven by strong demand for AI and data center chips [17][26] Market Trends - The S&P 500, Nasdaq, and Dow all closed higher, with the S&P 500 gaining 0.7% for the week and 2.3% for October, marking its sixth consecutive monthly rise, the longest streak since 2018 [3][12] - Year-to-date performance shows the Nasdaq up 22%, the S&P 500 more than 16%, and the Dow 12%, reflecting ongoing optimism around AI and resilient earnings [3][12] - Analysts expect momentum to continue into November, historically the best month for the S&P 500, with an average gain of 1.8% since 1950 [4][25] Sector Performance - The rally in Amazon's stock triggered gains across AI-related stocks, with Palantir Technologies rising 3% and Oracle gaining 2.2% as investors focused on the AI sector [10][20] - Reddit's shares surged 14% after reporting a 68% year-over-year revenue increase to $585 million, along with a positive outlook for Q4 [26] - Getty Images' stock skyrocketed 19% following a multi-year AI content licensing partnership with Perplexity AI, integrating Getty's visual content into AI search tools [27] Economic Factors - Analysts have raised concerns about inflation risks, with Bank of America's Aditya Bhave noting that tariffs have pushed prices higher, impacting consumer goods [4][28] - The cost of Halloween chocolate has surged nearly 30% year-over-year due to rising cocoa prices, affecting candy makers like Hershey [28][29] - The U.S.–China trade truce is seen as a stabilizing factor for global equities, contributing to a cautiously bullish sentiment on Wall Street [7][30]

Core Viewpoint - The Federal Reserve is navigating economic challenges with a focus on labor market conditions and inflation data, despite criticisms of its policy approach [1][2][11]. Inflation and Economic Data - Current inflation rates are reported at 3% year-over-year, with core CPI also at 3%, indicating persistent inflation concerns [4][10]. - Grocery prices have increased by 3.2% over the past year, reflecting ongoing public concern about inflation [5]. - The Federal Reserve anticipates inflation will decrease, with forecasts suggesting a return to target levels [10][12]. Policy Decisions - The Federal Reserve is considering cutting policy rates in December, based on data indicating that inflation will eventually decline [11][12]. - There is a belief that tariffs have a minor and temporary effect on inflation, and the Fed should focus on broader economic indicators [3][6][9]. Economic Growth Projections - The Federal Reserve's long-term growth forecast is set at 1.8%, which some analysts argue is overly conservative given current economic policies [13][14]. - There is optimism regarding potential productivity gains from technological advancements, although immediate impacts may not be seen [15][16]. Regulatory Environment - Deregulation is viewed as a means to lower capital costs and stimulate economic growth, paralleling the effects of interest rate cuts [21][22]. - The Federal Reserve staff considers the impact of deregulation and tax incentives when estimating potential GDP growth [20][21].

Hey I'm Cramer. Welcome to Mad Money. Welcome to Cramerica.Other people make friends I'm just trying to make a little bit of money. My job is not just to entertain but to educate you. So call me at one 800 743 CNBC or tweet me at Jim Cramer.Woo. We made it through October without a crisis or a nasty decline. And I for 1 a.m. shocked today, like so many other days this month, after a higher opening, it looked like we were going to get clocked. But then the market found its footing.Strangely, the Dow finishin ...

Market Overview - The market showed resilience in October, with the Dow finishing up 41 points and the Nasdaq gaining 61 points, despite initial concerns of a decline [2] - Amazon's stock surged nearly 10% to an all-time high, while Apple's stock opened strong but lost its gains [3][4] - Overall, major tech companies like Meta, Microsoft, and Alphabet performed poorly, with Meta experiencing a significant drop of over 100 points in two days [4] Company Performance - Amazon's frugal approach has been well-received, contrasting with Wall Street's skepticism towards heavy capital spending in AI by companies like Meta [5] - Berkshire Hathaway is undergoing a leadership transition as Warren Buffett retires, which has led to profit-taking in the stock [9] - Palantir, led by CEO Alex Karp, is viewed positively, with expectations of continued long-term growth despite potential short-term profit-taking [10][12] Consumer Sector Insights - Companies serving consumers are facing challenges due to inflation and economic uncertainties, but a long-term perspective is encouraged [7] - Clorox's stock is down over 30% for the year, reflecting changing consumer behavior as inflation affects brand loyalty [12] - McDonald's and Burger King are seen as key indicators of consumer spending habits, particularly in the fast-food sector [17][18] Upcoming Earnings Reports - Berkshire Hathaway's earnings report is anticipated, especially with the leadership change [8] - Clorox and Pfizer are set to report earnings, with expectations for insights into consumer behavior and market conditions [13] - Companies like Shopify and Uber are expected to perform well, reflecting their strong positions in the e-commerce and ride-sharing markets [14] Investment Strategy - Long-term investing in quality stocks is recommended, particularly in a diversified portfolio [6] - Companies like AMD and Axon are highlighted as long-term outperformers, with significant potential in their respective markets [15] - Caterpillar is noted for its strong performance, particularly in relation to data center equipment, with an analyst meeting upcoming [16]

Core Viewpoint - Federal Reserve governor Christopher Waller challenges Chairman Jerome Powell's assertion that the government shutdown is obscuring the Fed's economic outlook, emphasizing the need for continued policy action despite uncertainties [1][2][6]. Group 1: Federal Reserve's Economic Outlook - Waller argues that the Federal Reserve possesses sufficient data to make decisions, countering Powell's claim that the lack of key economic data due to the government shutdown is hindering clarity [6][8]. - Powell expressed concerns during a Federal Open Market Committee meeting, stating that the shutdown is creating a "fog" that complicates the Fed's understanding of the economy [3][5]. - Waller insists that the Fed should not halt decision-making processes and should continue to implement necessary policy measures, such as interest rate cuts [2][6]. Group 2: Inflation and Labor Market Concerns - Waller predicts that inflation will decrease and return to target levels, despite current high rates, indicating confidence in the Fed's ability to manage inflation [9][11]. - The labor market is identified as a significant concern by Waller, who also highlights the potential impact of artificial intelligence on economic productivity in the near future [11][12]. - Waller expresses optimism about the future effects of AI, suggesting that substantial changes in productivity may be observed within 12 to 24 months [11][12].

Joining me now is Kevin Hasset, director of the National Economic Council. Thank you so much for joining me on a very busy Friday. Thank you.>> I have to start by getting your reaction to the breaking news. These two federal judges rulings. One saying it's likely that the administration's suspension of SNAP benefits is unlawful.another ordering the administration to use contingency funds to keep those benefits from lapsing tomorrow for more than 40 million Americans. Will the administration comply and pay t ...

Group 1: Federal Reserve and Inflation - Kansas City Fed President Jeff Schmid dissented against a quarter-point interest rate cut due to concerns over high inflation, which he believes could be exacerbated by cheaper borrowing costs [1] - Consumer prices increased by 3% in September on an annualized basis, remaining above the Federal Reserve's target of 2% [2] Group 2: Chuching Platform and Price Competition - Former heavyweight boxing champion Mike Tyson is collaborating with a website called Chuching, which allows merchants to compete for the best prices, returning a portion of the price to consumers [3][4] - The platform aims to address inflation by providing consumers with access to the best prices across various merchants, highlighting significant price discrepancies for the same products [10][22] - Chuching currently has 25,000 merchants competing in the North American e-commerce market, covering over 99% of it [15] Group 3: Consumer Empowerment and Pricing Transparency - The Chuching platform enables consumers to make informed decisions by displaying a pricing table for every seller of a product, allowing them to choose based on trust, shipping costs, and other factors [22] - The platform's competitive process allows merchants to offer the best possible prices in real-time, which can lead to substantial savings for consumers [14][21]

Costume Ideas - Bare market costume requires a brown outfit, brown ears, and a sign indicating stocks are falling [1] - Bull market costume includes a black outfit, paper horns, dollar chain, sunglasses, and optimism [1] - Drone power costume needs a suit, glasses, briefcase, and a disappointed dad expression [2] - Inflation costume can involve balloons, fake money, or signs indicating high egg prices (e g, eggs are $12) [2] - Bond girl costume consists of business casual attire, a name tag that says municipal bonds, and 007 glasses [2] - Diversified portfolio costume involves mixing patterns and labeling them as stocks, crypto, real estate, etc [3]

Funstrat's Tom Lee. He joins me now. It's good to see you as always.Welcome back. >> Great to see you, Scott. >> I'm going to take issue like I did last time with an a comment that you gave to our producers, Tom.You think it's still the quote most hated rally. I I just don't know how that still holds water given where we are. I mean, I I I interview people all day every day.I've got no bears around. Well, um I mean maybe some of the bears have gone to hiding Scott, but because the last time we talked, I wan ...

"Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money."- Milton Friedman https://t.co/kdL5S7FCEZ ...