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. The S & P 500 and Nasdaq Composite are extending their runs to record highs on Wednesday, boosted by the cooler-than-expected August producer price index (PPI) and Oracle's blowout earnings report, which is adding fuel to the AI trade. On the PPI, in particular, Jim Cramer said it's sparking chatter about the potential for a jumbo half-point rate cut at the Federal Reserve's meeting next week. Jim said he doesn't think that will happen, but "it's creating a nice backdrop for equities." So, too, is Oracle 's earnings report. Shares of the tech giant were up a remarkable 39% on the back of blistering demand for its cloud services. Accordi

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