Mad Money w/ Jim Cramer 7/2/26

**SPEAKER_1** (0:00)
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**SPEAKER_2** (0:25)
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.
Hey, I'm Cramer.

**SPEAKER_3** (0:55)
Welcome to my world.

**SPEAKER_4** (0:57)
Jim Cramer burst onto the scene because of Mad Money.

**SPEAKER_5** (1:00)
It is time for the lightning round of Mad Money.

**SPEAKER_6** (1:05)
Buy, buy, buy, buy, buy. Sell, sell, sell. You know, short attention span theater for stock pickers.

**SPEAKER_1** (1:11)
First on CNBC.

**SPEAKER_5** (1:12)
Alert, alert, alert.

**SPEAKER_3** (1:13)
It was a combination of Barnum and Bailey entertainment, incredible content that was easy to understand. And I give him and his producers great credit for literally cracking the code.

**Jim Cramer** (1:29)
Fired, fired.
Somebody has to stand up for the shareholders who actually pay the price for lousy management. Two million customers are known to be explicitly defrauded.

**Jeff Zucker** (1:41)
True or false? All the questions he's asking, he's trying to help everyone make more money.

**Jim Cramer** (1:46)
Other people all about the friendship game. Me, my goal is to make you rich.

**Jeff Zucker** (1:51)
The beauty of Jim Cramer is that he's authentic. So when the times get tough, he's not going to run away from it.

**SPEAKER_9** (1:56)
He knows who he is and he stays true to that.

**Jim Cramer** (1:59)
They're nuts.

**SPEAKER_5** (2:00)
They know nothing.

**SPEAKER_10** (2:02)
Jim saw something, he said something, and there was incredible backlash.

**SPEAKER_6** (2:06)
When you have strong opinions, you are going to be attacked.

**Jim Cramer** (2:10)
You got a fired up claim on your hands.

**SPEAKER_5** (2:12)
Are you ready, Ski Daddy?

**Jim Cramer** (2:17)
Tonight we celebrate 20 years of Mad Money, 20 years of giving support and educating pre-Americans.
I believe we can overcome anything to save and grow secure with our money. I know it. I lived, back in 1978, I was a down and out homicide reporter in LA, homeless, living in my Ford Fairmont, sleeping on the back seat, underwear is my pillow, arm with a pistol, some J&J baby powder, because there's no shower in a car. Oh, and let's not forget the requisite bottle of Jack Daniels just to stay warm. Right then and there, as impossible as it seems, I decided I just had to make something of myself. I only knew of one way to do it, saving. I took whatever spare cash I had, $8 here, $12 there, and sent it to Fidelity with an IRA I set up because I was just sick and tired of being poor.
And I pulled myself out of it. 25 years later, and that IRA hit $2 million. And I never forgot what my father always said, you got to save Jimmy. So if I can put away money while living out of a nasty Fort Fairmont, anybody can. That's the point of this show. So tonight we're reflecting on the unbelievable journey of the last 20 years and what this show has meant to me. And more importantly, what I hope it's meant to all of you.

**SPEAKER_6** (3:37)
He just draws you in to pay attention, but he keeps you entertained. And him having the cojones to take that step, that was such an aberration to anything anybody had ever seen when it came to serious stock analysis.

**Jim Cramer** (3:50)
We want to look for stocks with very low multiples.

**Jeff Zucker** (3:54)
I was running NBC Entertainment at the time and I had oversight of the cable networks. And Jim came to me and put himself on the line and said he wanted a shot.

**Jim Cramer** (4:02)
He just believed in me, because it's nuts. Who doesn't show a one man show about business? It's insane.
And it's in many ways too difficult to even believe that anyone would ever do it, but Jeff backed it, so we did it. This guy has managed to take his stock down 35 percent.

**SPEAKER_4** (4:20)
Mad Money was controversial for one specific reason. He was going to pick stocks, what to buy, what to hold, what to sell, and that had never been done before on CNBC.