Markets Slump and Oil Jumps, Russian Sanctions Effect, M&A from Chevron's Clean Energy Bet to TD Bank's $13B deal, plus NYC Mayor Eric Adams on Set With Cramer and Faber
Jim Cramer and David Faber led off the show with a look at market volatility in wake of the Russia-Ukraine crisis. Western nations ramped up sanctions against Russia, resulting in the ruble hitting fresh record lows and the Russian central bank more than doubling its key interest rate to 20%. Cramer explains why he sees all of the "negativism" in the market as "baffling" and highlights the names he believes are buys right now. M&A also in focus: Chevron raising its bet on clean energy in a deal to buy Renewable Energy Group for $3.15-billion in cash, while TD Bank agrees to acquire First Horizon in a $13.4-billion deal. New York City Mayor Eric Adams joined Jim and David on set after ringing the NYSE opening bell. They discussed issues including COVID and the economy, lifting vaccination and mask mandates, and efforts to make the city the crypto capital of the world.
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