Cramer’s Morning Take: Capital One 1/21/26

SPEAKER_1 (0:00)

Thy ticket, Lady Jennifer of Coolidge. Well, many thanks, good sir.

SPEAKER_2 (0:05)

Heareth my Discover card.

SPEAKER_1 (0:08)

They accept Discover at Renaissance Fairs? Yeah, they do here. Discover is accepted at the places I love to shop. Getteth with the times.

SPEAKER_3 (0:17)

With the times?

SPEAKER_4 (0:18)

You're playing the lute.

SPEAKER_1 (0:21)

Yeah, and it sounds pretty good, right? Discover is accepted at 99% of places that take credit cards nationwide.

SPEAKER_2 (0:27)

Based on the February 2025 Nielsen Report.

SPEAKER_4 (0:30)

This episode is brought to you by Schwab Market Update, an original podcast from Charles Schwab. Join host Keith Lansford for this information-packed daily market preview delivered in 10 minutes or less, including projected stock updates, monetary policy decisions, and key results and statistics that may impact your trading. Download the latest episode and subscribe at schwab.com/marketupdatepodcast or find Schwab Market Update wherever you get your podcasts.

Jim Cramer (1:00)

I'm Jim Cramer and you're about to hear a sample taken directly from today's CNBC Investing Club morning meeting.

SPEAKER_3 (1:08)

He also, this is Trump, asked Congress to cap credit card rates at 10% for one year. JP Morgan's Jamie Dimon, he said this morning at Davos that the company will provide real analysis on this proposal because he thinks it could create an economic disaster.

Jim Cramer (1:22)

Right, but I do think that there will be some sort of, I mean, look, I think that if they just completely are in the president's face, as was Jamie Dimon, then he will double down. That's why the president did this. I think that it's entirely possible that they could come up with some sort of amelioration for people who get in trouble that would not be as dire as would be for a capital one, which would just frankly, we'd have to sell the stock of this habit. Just make no...

SPEAKER_3 (1:44)

Sure, I guess another option would be maybe they create a separate product that does follow this 10% cap for one year. So, they keep their existing cards, but maybe a new option from... Well, we'll hear from them tomorrow what they think.

Jim Cramer (1:57)

But I understand this is unsecured debt, 3 to 5% default. These guys are not... What they're doing is creating a mosaic where they have lots of products that charge a lot in order to make it so they can still stay in business and actually profit well after 3 to 5% default. It's an age-old model and it's nothing new. And people... They fought this in Congress for years and years and years, but the president wants to obviate Congress. It is a Congressional mandate.

Start your day with my outlook on the daily market every morning at 10:20 a.m. Visit cnbc.com/morningtake to access all the benefits of being a CNBC Investing Club member.

SPEAKER_2 (2:39)

All opinions expressed by Jim Cramer on this podcast and in connection with the CNBC Investing Club are solely Cramer's opinions and do not reflect the opinions of CNBC or its parent company or affiliates and may have been previously disseminated by Cramer on television, radio, internet or another medium. No specific outcome or profit is guaranteed in connection with your reliance upon or other use of the content from Cramer. The opinions offered in connection with this podcast and the CNBC Investing Club are not an attempt to induce any particular trading behavior, investment or strategy. To view the full CNBC Investing Club disclaimer, please visit cnbc.com/investingclubdisclaimer. Hey Fidelity, what's it cost to invest with the Fidelity app?

SPEAKER_1 (3:16)

Start with as little as $1 with no account fees or trade commissions on US stocks and ETFs.

SPEAKER_3 (3:23)

Hmm, that's music to my ears.

SPEAKER_1 (3:25)

I can only talk.

SPEAKER_3 (3:29)

Investing involved risk, including risk of loss, zero account fees apply to retail brokerage accounts only.

SPEAKER_1 (3:32)

Sell order assessment fee not included.

SPEAKER_3 (3:33)

A limited number of ETFs are subject to a transaction based service fee of $100. See full list at fidelity.com/commissions.

SPEAKER_1 (3:37)

Fidelity Brokerage Services LLC member NYSE SIPC.