Cramer's Morning Take: McDonald’s & Starbucks 11/5/25

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Jim Cramer (0:46)

Jim Cramer here to share with you a sample of my take on the market from today's CNBC Investing Club morning meeting.

SPEAKER_4 (0:55)

Jim, we've pointed out before a lot of consumer-oriented stocks have been going down. We would like to see some jobs data to kind of make us feel a little bit better about the health of the labor market. But at least we got ADP this morning. Private employers added 42,000 jobs in October. Better than the 30,000 gain expected. And it comes at a nice turnaround from September's losses. Because we are kind of flying blind here without data due to the shutdown. But at least some encouragement there, I would think.

Jim Cramer (1:28)

Yeah, but look, I also think that there are companies that are taking action. And when I speak to McDonald's, they're a very well-run company. And they realized they had to cut price. Most guys won't cut price. Covina didn't cut price. Chipotle didn't cut price. McDonald's cut price. And when McDonald's cut price, the stock does well. I think the companies that take action. A company like Lemonade, which is cutting the price for insurance. I think that's rather remarkable. That's been one of the stickiest, most, really, something that's been intransigent. Carvana cut price for used cars. We're getting some bargains in response that I think are going to drive the CPI lower. So I think that once tariffs, if you view them as one time only, work through the system, I think, look Jeff, I think there's going to be a lot to like, but that's such a full review that I'm espousing. I'm going to try to do it tonight on the show. I don't think anyone's buying it yet, but when you speak to McDonald's, they are joyous. They realize they lowered price and it's working. I hope that Starbucks does lower price. I know they've got a less pricey offering, but if they're going to get their stock above $85.90, they got to cut price.

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