If you’ve made it this far in life without encountering CNBC’s Jim Cramer, here’s quick primer: a former hedge fund manager and cofounder of TheStreet.com, Cramer is probably best known for his show, Mad Money, in which he jumps around a set like a circus clown on speed, honking horns, screaming about stocks. The show, which should come with a warning for people prone to seizures, has been running for nearly two decades, and in one memorable episode, Cramer’s head nearly popped off as he shouted at a caller, “No! No! No! Bear Stearns is fine! Do not take your money out!” He was referring to the former investment bank, whose stock collapsed just days later and was taken over by JPMorgan Chase for a very sad $10 a share.
That was just one of the more infamous episodes of Cramer’s show, but while they don’t all involve him advising viewers to stay bullish on a bank literally about to go out of business, they do all feature a hyperactive host screaming into the TV like a crazed carnival barker. All of which to say it was a little rich—not to mention wildly offensive!—when Cramer called House Speaker Nancy Pelosi “crazy” to her face during a live interview on Tuesday.
Speaking to Pelosi about congressional negotiations over a new coronavirus relief package, Cramer questioned the House speaker about a CNN interview in which she expressed optimism about the prospect of a deal, despite talks between Democrats and the Trump administration being stalled. “Really?” Cramer said. “I mean, I thought I’d take it right off the table right this very minute. You’ve got [White House Chief of Staff] Mark Meadow[s] going and saying he was the skunk at the party. He didn’t really—you know, he’s gotten in the way between you and, I think, [Treasury] Secretary [Steven] Mnuchin. I mean, what deal can we have, Crazy Nancy?”
He then added, “I’m sorry, I—that was the president,” referring to Donald Trump’s derogatory nickname for the Speaker. “I have such reverence for the office, I would never use that term.”
“But you just did,” Pelosi said. “But you just did.” Then Cramer told her, “Oh, come on. You know what I mean,” to which Pelosi charitably responded: “I know what you meant. I do. I do.”
Later, apparently angered that the media chose to report the exact words that came out of his mouth, Cramer defended himself in 10 tweets and retweets including:
If you watch the actual clip it doesn’t really sound as though Cramer was trying to point out how horrible it is when Trump calls Pelosi “crazy” by calling her “crazy,” but maybe the least subtle person in the world was trying to do it in a super low-key way.
Jared Kushner thinks Trump’s economy is on fire
Which it is, if you mean in the sense of the literal fires ravaging the West Coast:
Senior Trump official who warned of “deep state” plot against Trump, told supporters to load up on ammo might be taking some time off
That’s probably for the best:
The health department’s top spokesperson Michael Caputo called an emergency staff meeting on Tuesday to apologize for drawing negative attention to the Trump administration's health care strategy and signaled that he might be soon departing his role, according to five people with knowledge of the meeting…. Caputo told staffers that his series of false accusations on Facebook Live this weekend—which included unfounded allegations that the Centers for Disease Control was harboring a “resistance unit”—reflected poorly on HHS’ communications office. He blamed his recent behavior on a combination of physical health issues and the toll of fielding death threats against his family.
Among other things, Caputo said on Facebook Live that CDC scientists “haven’t gotten out of their sweatpants except for meetings at coffee shops” to plot “how they’re going to attack Donald Trump next” and that “if you carry guns, buy ammunition.” So yeah, a break from his professional duties is probably in order.
Remember when Donald Trump personally congratulated JPMorgan for making employees come back to the office?
As a reminder, on September 11, he tweeted: ”Congratulations to JPMorgan Chase for ordering everyone BACK TO OFFICE on September 21st. Will always be better than working from home!” Then, two days later:
JPMorgan Chase & Co. sent some of its Manhattan workers home this week after an employee in equities trading tested positive for COVID-19, according to a person with knowledge of the matter.
News of the infection, on the fifth floor of the company’s 383 Madison Ave. building, was communicated to employees on September 13, said the person, who asked not to be identified discussing information that isn’t public. That was less than a week after more workers began returning to offices following the Labor Day holiday, and just days after the biggest U.S. bank told senior traders they’d be required to return by September 21.
Nothing to see here, just the president casually suggesting he might go to war with Iran, via Twitter
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U.S. Image Plummets Internationally as Most Say Country Has Handled Coronavirus Badly (Pew Research Center)
Bill Gates on the Pandemic: “You Hope It Doesn’t Stretch Past 2022.” (New York)
Noted Bibliophobe Donald Trump Claims He Read 466-Page Woodward Book in One Night (Intelligencer)
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