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 Wednesday ‘s key moments. 1. Stocks were little changed Wednesday ahead of what’s widely expected to be the start of the Federal Reserve’s easing cycle later in the afternoon. There’s still uncertainty around the magnitude of the interest rate cut, though. As of Tuesday morning, markets are betting a 55% probability of a larger 50 basis point cut and 45% of a traditional 25-point move, according to the CME FedWatch Tool . Jim Cramer urged people to be patient once the Fed’s decision arrives at 2 p.m. ET, given Chair Jerome Powell’s press conference will likely shine more light on how the central bank arrived at its decision. It could be a volatile afternoon. “Do not be the first person to trade because you will be wrong,” he said. 2. Shares of Salesforce are lower Wednesday, despite the enterprise software maker disclosing an artificial intelligence collaboration with Nvidia the prior evening. “The idea that this stock is down [is] for people who don’t know what they’re doing,” Jim said. Salesforce announced late Tuesday that Nvidia will help the company advance AI capabilities for “Agentforce,” its suite of autonomous AI agents that can automate business functions. Salesforce began touting Agentfoce alongside its late August earnings report . Jim said he believes Agentforce can be a “very significant product” for the company. Jim interviewed Salesforce co-founder and CEO Mark Benioff on “Mad Money” Tuesday evening. 3. Bank of America raised its price target on Starbucks to $118 a share from $112 Wednesday, citing greater confidence in the company’s execution under new CEO Brian Niccol. Analysts also discussed solutions to Starbucks’ struggles in China, where promotional activity is fierce amid competition from Chinese lower cost competitors. Analysts argued licensing its China business would “buoy” Starbucks’ return and allow the stock’s multiple to expand. It also would let management give more attention to its U.S. business. If Niccol can figure out how to resolve Starbucks’ China woes, “then he can fix the U.S.,” Jim said. 4. Stocks covered in Wednesday’s rapid fire at the end of the video were: General Mills , VF Corp , Resmed , Marriott International and Alaska Air . (Jim Cramer’s Charitable Trust is long CRM, SBUX. 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.
