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Every weekday, the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. 1. The S & P 500 edged 0.2% higher in early trading on the release of crucial inflation data. August’s personal consumption expenditures price index, often viewed as the Federal Reserve’s preferred inflation gauge, indicated that core inflation was in line with economists’ expectations. Although it wasn’t a jaw-dropping report, it was enough to bring the buyers off the sidelines after the market’s recent decline. The broad-market index is looking to break a three-day streak of down days. 2. Boeing shares surged nearly 4% Friday after the Federal Aviation Administration (FAA) said it would ease restrictions on aircraft deliveries. That means Boeing will soon regain authority from the FAA to perform final safety checks on its 737 Max jets, which will speed up its manufacturing and delivery process, and increase free cash flow — the most important metric for evaluating the Club stock. “This is what we’ve been waiting for,” Jeff Marks, the Investing Club’s director of portfolio analysis, said. “This is why we bought the stock when we did.” In fact, the stock can run even higher after Friday’s development, which follows Jim’s call earlier this week that investors should buy Boeing shares as the company continues to benefit from the Trump administration’s trade policies. Boeing is the latest addition to the portfolio, which we initiated in early September. 3. Good news for Club holdings Eli Lilly and Bristol-Myers Squibb: Trump’s new tariffs on the pharmaceutical industry won’t apply to either company. Trump announced late Thursday that there will be a 100% tariff rate on all branded and patented pharma products entering the country, effective at the beginning of next month. However, companies that are building drug manufacturing plants in the United States will be exempt. Eli Lilly and Bristol Myers Squibb have both made significant investments in the U.S. Shares of both names were up slightly on Friday. (Jim Cramer’s Charitable Trust is long BA, LLY, BMY. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
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