Jeff Bezos' Historic and Successful Space Flight, Markets the Morning After the Sell-Off, IBM's Earnings Lift, a Double Dose of Apple, and Bitcoin Back Below $30,000.


Manage episode 297926590 series 2534991
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Jim Cramer and David Faber talk about the world's richest man making history: Amazon Executive Chair and Blue Origin Founder Jeff Bezos taking flight on Blue Origin's first human space launch, riding aboard the company's "New Shepard" rocket along with three astronauts. Morgan Brennan was on the ground in Texas as part of our live coverage. The mission was successful as the capsule landed safely. After touchdown, Bezos called it his "best day ever." David, Jim and Morgan discussed what it all means for the future of space tourism. As for stocks, Jim and David explored how investors should approach the market rebound after Monday's sell-off, which was the worst for the S&P 500 in two months -- plus a look at the ten-year note yield falling to lows not seen since February. They highlighted movers including IBM, which posted-better-than-expected quarterly results and its strongest revenue increase in three years. Also in focus: Capitalizing on the FAANG trade, reports that say Apple is pushing back its return to the office deadline by a month to October -- and that the company told real-estate developers it wants to lease a large production campus in Los Angeles for its growing entertainment operations, whether now's the time to buy Snap, plus Bitcoin falling below $30,000 for the first time in a month: What the SEC and regulation could mean for the future of cryptocurrency.

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