Luke Williams feels Swansea ‘lost grip’ on game despite sealing victory at Derby
Walgreens Boots Alliance Inc. stock underperforms Tuesday when compared to competitors
CNBC's Jim Cramer on Monday reviewed investors' reaction to President-elect Donald Trump 's latest cabinet pick, hedge fund manager Scott Bessent . His takeaway is that Wall Street believes the potential Treasury secretary will be a prudent force in the administration. Philadelphia news 24/7: Watch NBC10 free wherever you are "What matters is that this Treasury secretary designate is a serious person, not unlike Steven Mnuchin before him," he said "And those who believed Trump couldn't get a dollop of rigor in the cabinet — well, they've been proven wrong." While the market initially celebrated Trump's win as a step towards corporate deregulation and lower taxes, investors grew concerned at the possibility of high tariffs, Cramer said. But the averages soared on Monday, with both the Dow Jones Industrial Average and the S&P 500 hitting new records during the session. Cramer also pointed out that Treasury yields fell , with the 10-year sliding to about 4.28% when investors were worried about it hitting 4.5% a few days ago. According to Cramer, some are impressed with Bessent's qualifications — he worked for billionaire George Soros and ran his own hedge fund — and his three-pronged policy plan. Bessent has advised pursuing a so-called 3-3-3 initiative, modeled after the "three arrows" policy implemented by former Japanese Prime Minister Shinzo Abe, who helped pull Japan's economy out of stagnation . Bessent's plan includes cutting the deficit by 3% of the gross domestic product by 2028, growing the economy at a 3% rate and producing three million additional oil barrels per day. Cramer suggested the deficit reduction plan makes sense, and he called the 3% growth target a "Goldilocks story," that could gradually shrink the deficit without harsh spending cuts. He was fairly skeptical about the oil initiative and called it a "pipeline dream." "Call it the firmament — not Wall Street, but the firmament," he said. "That's where Scott Bessent, the Treasury Secretary designate, comes from, so the fence sitters and skeptics are jumping on the Trump bandwagon as if the president elect said, 'higher stock prices and lower taxes for all.'" Click here to download Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest smarter. Sign up now for the CNBC Investing Club to follow Jim Cramer's every move in the market. Disclaimer Questions for Cramer? Call Cramer: 1-800-743-CNBC Want to take a deep dive into Cramer's world? Hit him up! Mad Money Twitter - Jim Cramer Twitter - Facebook - Instagram Questions, comments, suggestions for the "Mad Money" website? madcap@cnbc.com
The Swans stunned Pride Park into silence with less than two minutes on the clock when Zan Vipotnik sent a bullet past Jacob Widell Zetterstrom before Ronald slotted home his first of the season in the 14th minute. Cyrus Christie brought Tom Barkhuizen down inside the box and Nathaniel Mendez-Laing dispatched the resulting penalty to cut the deficit in half and, despite piling on the pressure, Derby succumbed to a second home defeat of the season. Williams told a press conference: “We started the game very well, we were good up until we scored the second goal then we lost the grip on the game and I thought Derby were the better team. “The next thing for us we have to be able to maintain that level throughout the game and we weren’t able to do that to be quite honest today. “They made it difficult, reacted very well after the second goal and didn’t go under, far from it.” Swansea leapfrogged their opponents into the top half of the table with their sixth win of the season and took three points back to south Wales following two last-minute defeats by Burnley and Leeds heading into the match. Williams added: “We’ve recently conceded late goals but they’re a very resilient group and we saw it out in the end. “We’ve dominated games a lot but probably failed to score when we’ve been that dominant and tonight we managed to score the goals when we were dominant. “We scored the goals at the right time today.” Derby had been unbeaten in their last three matches coming into this one but Paul Warne put defeat down to a poor start. He said: “We conceded two and didn’t get close enough, weren’t aggressive enough, not enough body contact and looked soft, that’s my fault. “Maybe I didn’t message it properly. Sometimes it doesn’t come down to shape and tactics but I thought that was what the difference was. “Credit Swansea for the win but after the 25 mins it looked like we would score. I really enjoyed it, that’s the truth. I had 70 minutes of a team giving everything, I don’t think we’ve had that many attempts in the Championship this season. “It’s a rude awakening, last year we would’ve won that 4-2.”
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