Cramer's lightning round: I think Tellurian is a great speculative play

China Factory Gate Inflation Highest On Record

China’s factory gate prices increased at the fastest pace on record in September driven by the surge in coal prices and power rationing, official data revealed on Thursday. Nonetheless, consumer price inflation slowed unexpectedly on falling pork prices.

Producer price inflation rose more-than-expected to 10.7 percent in September from 9.5 percent in August, the National Bureau of Statistics reported. The rate was forecast to rise to 10.5 percent.

Meanwhile, consumer price inflation eased marginally to 0.7 percent in September from 0.8 percent a month ago. The expected rate was 0.9 percent.

Pork prices, the main component of consumer prices, plunged 46.9 percent annually. Food prices slid 5.2 percent, while non-food prices were up 2 percent.

Core consumer price inflation that excludes food and energy, held steady at 1.2 percent in September.

There are few signs that the rise in producer price inflation is feeding through to higher output prices of consumer goods, Sheana Yue and Julian Evans-Pritchard, economists at Capital Economics, said.

The overall inflation outlook remains benign, with PPI inflation likely to drop back around the turn of the year and CPI inflation set to remain muted for the foreseeable future, the economist added.

Interstate 225 southbound closed at 6th Avenue by a shooting.

Southbound Interstate 225 is closed at 6th Avenue as police investigate a shooting.

The shooting happened at about 6:25 p.m. in the area 2nd Avenue, police said. A person in one vehicle shot at another vehicle, grazing the head of a 19-year-old man. The victim was taken to a local hospital to be treated for “minor” injuries.

Police are investigating the shooting as a possible road rage incident. No suspect information was released on Thursday night.

Victims identified in Wednesday’s deadly pedestrian crash in Aurora

The Arapahoe County Coroner’s Office on Thursday identified the three people who died in a crash between a van and several pedestrians in Aurora on Wednesday.

The two people who were struck and killed in the crash were identified as Ana Yolanda Sosa Munevar, 62, and Ana Lucrecia Sosa Munevar, 67, according to the coroner’s office. Both died of blunt force injuries.

The coroner’s office identified the driver who died of an apparent medical episode before the crash as Young Hwa Jeong, 50, and said his cause of death is pending further investigation.

Read the full story from our partner at

Opinion | The Revolt of the American Worker

By Paul Krugman

Opinion Columnist

Opinion | What America Means to Me: 2021

By David Brooks

Opinion Columnist

Former US President Bill Clinton hospitalised with suspected blood infection

WASHINGTON (REUTERS) – Former US President Bill Clinton was hospitalised on Tuesday (Oct 12) in California with a suspected blood infection, CNN reported on Thursday.

The American news network reported that Mr Clinton is in the intensive care unit, primarily to give him privacy.

This story is developing.

Join ST’s Telegram channel here and get the latest breaking news delivered to you.

U.S. SEC poised to allow first bitcoin futures ETF – Bloomberg News

FILE PHOTO: A representation of cryptocurrency Bitcoin is seen in this illustration taken August 6, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) – The U.S. Securities and Exchange Commission is poised to allow the first U.S. bitcoin futures exchange-traded fund to begin trading next week, Bloomberg News reported on Thursday, citing people familiar with the matter.

Progressive Corp. Reveals Decline In Q3 Bottom Line

Progressive Corp. (PGR) reported a profit for third quarter that dropped from last year.

The company’s profit came in at $118.5 million, or $0.19 per share. This compares with $1530.8 million, or $2.59 per share, in last year’s third quarter.

The company’s revenue for the quarter rose 13.0% to $12.45 billion from $11.02 billion last year.

Progressive Corp. earnings at a glance:

-Earnings (Q3): $118.5 Mln. vs. $1530.8 Mln. last year.
-EPS (Q3): $0.19 vs. $2.59 last year.
-Revenue (Q3): $12.45 Bln vs. $11.02 Bln last year.

Alcoa Corp. Q3 adjusted earnings Beat Estimates

Below are the earnings highlights for Alcoa Corp. (AA):

-Earnings: $337 million in Q3 vs. -$49 million in the same period last year.
-EPS: $1.76 in Q3 vs. -$0.26 in the same period last year.
-Excluding items, Alcoa Corp. reported adjusted earnings of $391 million or $2.05 per share for the period.
-Analysts projected $1.80 per share
-Revenue: $3.11 billion in Q3 vs. $2.37 billion in the same period last year.

Cramer's lightning round: I think Tellurian is a great speculative play

  • It's that time again! "Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed.

Tellurian: "Tellurian is the company that Charif Souki is the chairman of, and I got to tell you, I saw what he did with Cheniere. I think he's going to do it with Tellurian. I think it's a great spec. Talking about buying for [charitable trust], honestly."

Rocket Companies: "It's tough. I looked at it yesterday, said $15 [per share], how did it get down there? … The housing market is peaking right now. That doesn't mean it can't have another revival, but I don't want to be searching with anyone that's really in that business right now."

The Honest Company: "I like Honest Company. If they would come on and make a case, I would recommend it. But unless they come on, no way am I going to recommend it."


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? [email protected]