failing constitution. rangers in st. louis tonight. we're going to right the ship, mel, as we talked about. look at what gilead has done over the steerage of a georgetown grad. check that one out. >> hmm. thank you for watching "fast money." see you back here tomorrow at 5:00 for more "fast." "mad money" with jim cramer starts right now. "fast." "mad money" with jim cramer starts right now. my mission is simple. to make you money. i'm here to level the playing field for all investors. there's always a bull market march, and i promise to help you find it. "mad money" starts now. hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends. i'm just trying to make you a little money. my job not just to entertain but teach. call me at 1-800-743-cnbc. tweet me @jimcramer. maybe it won't be a cakewalk for the bulls after all. today we got a number that didn't fit. a consumer price index reading that was actually a little too

hot. if you're a bull here you're betting on a soft landing, and that means you need two things to go right. first we can't have hotter than expected inflation numbers that make the fed more hawkish. and second, we can't have subpar corporate earnings. you've got to have good earnings. you can't have subpar earnings. today we got the former. which is why the averages tumbled this morning because they rebounded toward the close p. dow finishing up 15 points. s&p dipped .07%. nasdaq ending flat on the day. still december's consumer price index was indeed worse than november's, which certainly doesn't help the argument that we desperately need the fed to give us rate cuts. at the very least i don't see how they can cut rates in march, which is somehow still the consensus expectation. the economy's way too strong for that. remember, the uber bulls, and i don't mean bulls that take uber, i mean the bulls who think the fed's going to cut rates six times this year, they need to be let down easy. when they see a number, 3.4% inflation number, they get very

skittish because it means their whole thesis could collapse, which is what i thought at one time when the dow was down big. now, we didn't have any earnings to speak of today but tomorrow we're getting report cards from the major banks, and if they aren't special, if they don't wow us i think we'll be 0 for 2 and that can crack the exterior of what's been a pretty darn good year so far. and also tomorrow "mad money's" going to be in the end zone of bank earnings and of the playoffs. we'll be at the geha arrowhead stadium in kansas city for a pigskin focused version of "mad money" you will not want to miss this. we'll be out there for when mahomes and defending super bowl champion kansas city chiefs host tyreek hill and the miami dolphins saturday at 8:00 p.m. eastern time. now, you can watch it on peacock in what will be the nfl's first ever exclusively livestreamed playoff game. but back to today. why am i so certain with respect to this market? as i said last night, we've had such a good run since the year began, but it's been based on the same things over and over

again. a decline in interest rates and positive pushes by research analysts. we still had plenty of positive notes out today but they were almost entirely about the same old same old, that narrow group of tech stocks we always focus on. we can get the broadening out i like so much, the one we've had since november. we had more stocks decline than increase today and that's less healthy than the action we've seen since the bottom in late october. of course the bulls won't roll over that easily. too much momentum. let me give you some examples of what worked higher even as we all knew the story. first there's cramer fave salesforce. after baird put out a note urging people to buy the stock because ceo marc benioff's getting more and more focused on delivering better margeins and higher profitability. the firm notes they didn't think that would be the case. my problem with this push, i've been saying the same thing over and over again both here and to club members for months. but you know what? the stock rallied nearly 3% anyway. >> the house of pleasure. >> we saw a couple of reports about how nvidia had a terrific

ces, consumer electronics show. again, i have been saying that all week. right? the whole week. i wouldn't have expected it would move the stock higher. but nvidia spent some time in the red today but then it burst right back into the green, which almost seems like it's its rightful place. with the stock finishing up nearly five bucks. we got a note about a survey of chief investment officers that shows they believe microsoft's got a huge lead when it comes to the adoption of ai. really? i mean, again, old news. yet the stock went higher anyway. there were oddities too. we know the hot inflation number usually sends interest rates higher. but the hot cpi number did not cause the bond market to sell off. bonds actually rallied. it did, however, send down the utility stocks, which normally trade like bond market alternatives. that's how it's supposed to happen. one of the theses is wrong, too early to tell which. the banks acted like utility stocks. they were saying higher interest rates were um coming. however, remember that jpmorgan, citigroup, wells fargo and bank of america all report tomorrow.

so we won't have to wait long to get a much better understanding of the situation. of course i'll be in kansas city giving you that stuff as well as maybe a little color in the game. i want to make it clear that stocks were a bit of a side show this time today. yeah, today was the day when the s.e.c. technically approved a bitcoin exchange traded product. notice i didn't say the s.e.c. approved an etf. as you might have heard otherwise. this was a trust, not a product, it's a trust that issues shares then holds bitcoin. unlike etfs these trusts own a commodity, not a security. that means investors in these non-exchange traded funds don't get the benefit of what's known as the investment company act of 1940, or the 40 act, and that protects shareholders from a conflict of interest by the issuers. that's not good. i think you want the most protection possible when you're investing in something like this. and you want it to be like an etf, not an etp. might not matter to you now but

it sure would if it turns out that the exchange traded product doesn't do what it's supposed to do with your money. i only care about this because so many people take that kind of protection for granted. after the disastrous experience crypto traders have with the products offered by convicted fraud sam bankman-fried. believe me, that extra protection would have been worried, i wish they'd gotten it. usually you see a sell-off after the launch of a new product that involves a commodity like the trust, they represent themselves as gold securities issuers. gold did run up in the -- they too don't have that 40 act protection. and then it fell down hard after the thing started trading. didn't happen this time. bitcoin still went higher. my view, i think bitcoin has a place in a portfolio. i'm not against it. however, many of the other crypto coins are too wild west for me and i'd be careful with them. regulators cannot protect anyone from a coin that doesn't really seem to exist. and we've seen that happen way too many times. it's not what i like to see. i can't protect you either. i do think the enthusiasm in bitcoin is not something the fed wants to see. the fed has historically not liked speculation and used it as

inflationary. it can create too much borrowing in order to capture potential gains. and you definitely don't want a stock market led by exchange traded products. thats it. given this was day one after the approval and the market was tame and the stock of coinbase, a lot of cryptocurrency opened up big and then did a u-turn, a gigantic u-turn and subsequent dive, finishing up $10, or 6.7%. i mean, i'd say things were calm. at least some sort of sales news happened with coinbase. the bottom line, the bulls didn't get the cool inflation number they wanted. consider that strike one of a two-strike game, not to mix football metaphors with baseball. tomorrow's earnings bring another pitch. if we get another swing and a miss, i don't think the averages will be able to rebound like they did this afternoon. let's take calls. dave in florida. dave. >> caller: dave, big boo-yah down from jacksonville from a brand new club member. listen, do you think it's possible that rapidly advancing ai developments might help drive z scaler to profitability this

year? go eagles. >> the answer's yes. i happen to think that zscaler, by the way, is a very good company. and it's also been an up stock. this thing was at 84 in may. it's 228 now. and yet i think it's not done. barbara in connecticut. barbara. >> caller: hi, jim. boo-yah. >> boo-yah, barbara. what's going on? >> caller: nothing. i've watched your shows for years. first with my dad, charlie. and now i've got my son charlie watching it. so i'm dedicating my questions to the two charlies in my life. my question's about the food and beverage industry. >> yes. >> caller: and consumer staples. specifically pepsi and coca-cola. pepsi i think has gone from 196 down to 166 or something like that, with a 15% drop or so. it's got a decent yield. but i just read that carrefour, a french company -- >> right. well, i'll tell you.

i'll say this to the two charlies and you. pepsi's got freo lay, and i think that's going to be a part of a glp problem but coca-cola doesn't. i would prefer coca-cola to pepsi right now. greg in kentucky. greg. >> caller: hey, jim. long-time "mad money" viewer. how are you doing? >> eem doing well. how about you? >> caller: not too bad. question on a travel stock. ceo states company's results were strong across major metrics, booking strength was higher than expected pricing. >> right. >> caller: should i start a position in cco with spring and summer months coming -- >> no. insist on royal caribbean. royal caribbean's got the best balance sheet, royal caribbean is the best way to play it, and there's no way-two ways about it. that is the one you want to be in. george in florida. george. >> caller: hey, jimmy. it's george from florida. tell me, friend -- >> great to have you on the show. >> caller: a cash-rich giant and bitcoin-rich giant lock inc., ticker sq. >> this stock is what i call an

up stock. even though it's not making a lot of money in the last 12 months i think the square should be bought. i think the street's going to get behind square real soon and $67 is going to look like a real bargain. we're not done. we're taking even more calls. we'll go to bill in massachusetts. bill. >> caller: hello, mr. cramer. how are you today? >> i'm doing well. how about you? >> caller: fantastic. i'm a club member. i'm having a great time doing my homework, just enjoying it like you wouldn't believe. i trimmed up my positions in the magnificent seven like you said and i'm ready to get more. >> all right. >> caller: i was noticing disney was down a little bit. what do you think about picking up a little more disney? >> disney has to improve disney plus and they must talk about how the turn of espn and how much sports matters. and i also think, by the way, that nelson peltz has to be in there getting things hotter. hey, a hot inflation number today was strike 1 for the bulls, and we don't want a swing and a miss tomorrow when the banks report because i don't think the averages will be able to hold up like they did today

if we get that. on "mad money" tonight the price of crude roared today so i'm going off the charts with the help of carly garner to see where oil could be headed over the next few months. then between a jpmorgan health care conference and ces it's a big week for conferences but there's one under the radar meeting the icr conference that gives us a sense of a host of consumer facing industries. i'll give you my top five takeaways. and sometimes there's more to the story than just the stock price. i sit down for a second part interview with the ceo of b beckman dickinson, hear a little more to his fascinating path to becoming a visionary in the health care space. you won't want to miss it. so stay with cramer. >> announcer: don't miss a second of "mad money." follow @jimcramer on x. have a question? tweet cramer. hashtag mad mentions.

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after hotter than expected consumer price index reading today how worried do we need to be about persistent inflation derailing the soft landing scenario that everybody's been banking on and betting on lately, or at least the bulls have? let's take a look at what's happening with the oil market. as the price of crude rallied today in response to the continued tensions in the red sea and energy can become a major component of inflation when it goes in the wrong direction, that's why tonight we're going off the charts with the help of carly garner. she's the terrific technician who's the co-founder of the carly trading, author of higher probability commodity trading and of course our resident commodities expert.

earlier she told us to stick with the s&p 500, she nailed that. more importantly back in september she nailed the peak in oil, said it could go to the low 70s. so i think it's important that she now seems a lot more upbeat on crude than she did last time. garner says there are plenty of reasons to be bullish on west texas intermediate crude yet most of them have been circulating for months or years and they haven't been able to sustain a rally. in the end technology works against consumption. much more energy efficient than it was 10 or 20 years ago. according to garner this is what makes it tough to own commodities. even when you've got a bullish scenario that gives you a floor but it doesn't necessarily translate into big gains. right now the u.s. is producing as much oil as ever with fewer rigs in operation. the last time we pumped this much oil was back in 2019. a year that saw prices range from the mid 40s to the mid 60s per barrel. despite similar domestic production, though, garner thinks that this could translate to a price range of 70 to $100 a barrel.

$100 for oil in 2024. why? opec plus production cuts, strong export demand and political obstacles to make it harder to transport oil to where it's needed. she points out u.s. crude oil exports average 3.6 million barrels per day in 2022. that by the way is up 22% from the year before. last year exports probably averaged around 4 million barrels per day despite a significant drop in demand from china. the rest of the world is desperate for american energy, though. so how about the technicals? now, take a look at the seasonal chart of the april west texas crude futures, which shows how they tend to behave over the course of the year. garner points out the seasonal pattern is overwhelmingly bullish for oil. pretty easy, right? through the first or second week of march. as long as west texas crude holds above its floor of support in the high 60s, and that's what it's been doing, she thinks there's a seasonal tailwind that could push up to $90. hey, maybe even $100 oil in the near future. that would be pretty big. that would be very inflationary.

check out the monthly chart of the west texas crude futures with the cftc's commitment of trader's data down at the bottom. here's the chart and there's the commitment of trader's report. now, we love this commitment of trader's report. we love the numbers because they tell you how individual investors, money managers and commercial managers are behaving. it's always important to know how the big money's positioned. the green line represents what they call large speculators, meaning money managers, and this is what garner's watching right now. this is really important. see, right now these institutional investors hold a fairly small -- if it was up this is low, this is low, this is low. a fairly small net long position in west texas crude futures. that means they still have plenty of firepower to boy more. historically when the net bullish positions held by large speculators are this light, well, guess what, garner says it means oil's got a reason to rally. she suspects this time will be no different. however, there was one dramatic exception to this rule in march of 2020, the covid shutdowns

caused oil prices to collapse and the net long position was similar to what it was now. i doubt we'll get hit with another earthshaking pandemic in the next month. look at this long-term monthly chart of west texas crude. garner thinks this is pretty darn constructive. so long as the floor of support around $68 holds. she's betting bullish seasonality and strong energy exports once again could lead to a retest of the $100 major ceiling of resistance. if oil breaks down below 68 she likes to say -- by the way, 4 bucks here. she says all bets are off. but she's pretty confident in that floor of support pointing out this trend line has only been broken once since 2016 when covid practically shut down the entire global economy. other than that this floor of support has been very resilient. here it held, here it held, here it held and she thinks it could do so again. garner brought out this monthly chart multiple times because she thinks it's essential to understanding the landscape. without a major unforeseen event she believes the decade-long uptrend line will likely hold as

it always has aside from the beginning of the pandemic. i think she makes a great point. while oil tends to be pretty volatile it's mostly stuck in this channel. how about the shorter-term weekly chart dating back to 2015? remember how oil tends to do well from mid december through mid march? you can see that we've got many oil bottoms during the first quarter. don't let it overwhelm you. what you need to know is where the rally rally rally occurs. garner also noticed something really interesting with the major oscillators. we like that. like the williams percentage r. yes, larry williams, the one that's invented by him. or the slow stochastics. important momentum indicators that tell you when something's gotten overbought or oversold. when these oscillateors indicate oversold conditions and the price of oil needs trend line support garner says the oil market has a strong tendency to rally, especially if this happens in the first quarter. that's exactly the situation we find ourselves in right now.

since late 2015 we've seen five examples of this oversold oscillat oscillator. prices near the long-term point of support. during seasonality strong fourth quarter. and in four cases they produced big rallies. the one outlier was march of 2020, which again didn't work because of covid. but in early 2016, early 2019, early 2021 and early 2023 we saw the same darn setup. does that not tell you that another one could be headed our way with the oversold positions right here? garner says we currently are seeing this pattern for the sixth time since last 2015 and she's betting the bulls will be five for six. the weekly trend line floor of support comes in around 66, 68. seasonality is bullish for the next two to three months. and both the williams percentage r and the slow stochastics remain basically oversold. barring any major shock to the system she believes the odds favor a higher oil prices. again, bad for the bulls because it's inflationary. that said garner wouldn't be shocked if we get another probe lower to test the floor of support in the high 60s before we get a sustainable rally. in the end as long as that floor holds in the high 60s garner

says it's in buy the dip mode not sell the rally. west texas crude has too much going for it in the next few months. here's the bottom line. the charts as interpreted by carle garner suggests oil could have a pretty impressive run through mid march. which is great news but terrible news if you want the fed to start cutting interest rates. we want inflation to stay dead, so the resurrection of energy inflation would be less than ideal. "mad money" is back after the break. >> announcer: coming up, consumer companies assemble. a host of major stocks attended the recent icr conference. from apparel to footwear, cramer's take on the confab, next.

this week we've been focused on the jpmorgan health care conference.

remember we were out in san francisco at the beginning of the week. but two more that were important. ces, the consumer electronics show but then the lower profile icr conference in orlando which brings together companies from all sorts of consumer-facing industries, retailers, e-commerce operations, restaurants, food and beverage makers. there was a lot to learn from the icr conference this year so tonight i want to walk you through my five top takeaways. first, even before the conference started we started get this series of positive prenuancements from apparel chains. that continued through the event. abercrombie & fitch, urban outfitters, they all raised numbers. abercrombie talked about high teens revenue growth during the holiday quarter. this stock, by the way, was the best performer in the s&p 1500 last year, up 285%. and now it's already up double digits year to date in 2024. it's had an astonishing run. i'm not even sure what to do with it up here. feels like we missed it but then again the company keeps saying good after good after good and the stock goes higher. american eagle also raised forecasts from the high single

digits to the low double digits. they had a great holiday season. urban outfitters had record sales numbers even though their core brand is struggling. they also own free people and anthropologie. they're growing rapidly. might be worth a closer look sometimes. beyond the teen retailers cramer fave lululemon also gave us a positive announcement although the stock hasn't benefited from the news. down 5% year to date. i think that's because investors weren't surprised. they've gotten so wise to lulu's habit of upod, also known as underpromise and overdeliver. plus the stock had already run nearly 30% in november and december. while we're starting to hear about rising competition in the athleisure space i think this one is a straight up buy. we also got positive announcements from a couple footwear companies like crocs with its shares up more than 20% week to date. told you this conference is important. much better than expected holiday numbers. crocs had fallen out favor for much of the past year in part because they recently acquired this hey dude thing and that was underperforming. this is a big relief and big

source of short covering. many were betting against crocs. then then there was this better than feared preannouncement. really ugly same-store sales. but they said their earnings would come in at the high end of the previous range. and our footwear commentary on holding having a good week up more than 7%. there was nothing formal for these business but got a push from you ubs's jay sole a very important guy. after speaking to management on the sidelines of the icr conference. i'd love to have him back on the show. potential moon shot for those who think it's too late to buy nike. beyond preannouncements and bullish analyst companies we got positive readouts from a company that presented at both icr conference and ces. yeah, i'm talking about that junior retailer, walmart. now, the stock's been steadily working its way higher for most of last year but then gapped down after the company reported disappointing numbers in november. missed the beginning of the rally unlike most retailers. in other words, walmart was desperately in what the kids call a vibe shift and they may

have gotten it from their two presentations at icr. their chief marketing officer had a fireside chat where he highlighted walmart's digital efforts. 24% online sales growth since they started make iing a big digital push last spring. jefferies analyst cory tar lowe attended the presentation and in reaction notes said the company did a good job and i quote of reframing walmart as a digital first destination. only williams sonoma regarded as digital first. that stock was up big today. walmart's ceo wasn't at icr, though. he was in las vegas giving the keynote address at ces where he went into detail about some of the company's latest tech initiatives. for one walmart's planning to expand its small drone delivery program to 1.8 million additional highlights in the dallas-fort worth metropolitan area. mcmillan also got into some of walmart's ai initiatives noting that to date the company's been using ai to help its employees including its software engineers. but now it's going to extend the technology to you, to the customer. generative ai powered search

capabilities to power both the walmart app and the website. i'll read you this example of how this works. quote, let's say you're throwing a party for next month's super bowl. previously you might run numerous searches for chips, wings, drinks, new 90-inch television. in the new experience you search once for something intuitive and the app shows you everything you might need. our design puts the relevant product categories across the top and serves up a curated list of the best items. end quote. that sounds pretty darn good to me. i might go to walmart on monday. mcmillan's ces presentation also included a very cool cameo by microsoft ceo satya nadella where the two chatted about how ai could be used to enhance both the front ends and back ends of walmart's business. overall the last couple days have highlighted walmart's capacity for innovation, which is not something these guys usually get enough credit for. they ought to. for a long time it seemed like walmart was trading as a simple defensive stock but this week gave us a reminder that it's much, much more than that. i think it's helped which is why the stock's up more than 2% this week. by the way, i wouldn't be

surprised if it would keep climbing steadily from here. i don't think it should have sold off on that last quarter. i saw a lot i liked about it. this one's a good one to put away. so there was a lot to learn from the icr conference this past week. we won't hear a ton about this group until the sector starts reporting results inmid february. but hopefully this gives you some color on the space to tide you over until then. i think it does. bottom line, nearly everything consumer facing had been distinctly out of favor just a few months ago when practically everyone on wall street seemed to think a recession was inevitable. since then, though, they started bouncing back in anticipation of a soft landing and based on all the positive commentary from this icr conference in orlando this week i bet the momentum can continue. still one more reason why i think everyone who was predicting six rate cuts for the fed this week, this year, i mean sex, starting in march, i think you've lost your mind. you're not going to get six rate cuts when the teen retailers are printing money. and that's just what they're doing. let's go to frank in florida. frank. >> caller: hey, jim. happy new year. >> same to you. what's going on?

>> caller: okay. so jim, this stock, it's been on the news a lot lately. there's rumors about apple wanting to acquire them. and now a partnership with tiktok. is it time to buy peloton? >> i didn't like that the rumor was floated about apple to buy pel peloton. they would never describe what they would possibly do. i talked to them a lot about this. i think if you own it you have to own it for the fundamentals. right now the fundamentals are not good. i happen to like management but that is not enough for me to tell you i think you should buy peloton. so i'm not going to say it. let's go to david in colorado. david. >> caller: hey, thank you very much for taking my call. after crawling out of november lows best buy seems to be on its way back with a safe dividend, or do you think it's imploezing now that it's lost -- >> no, i think it's very good. i'll tell you why. because we got some numbers today which showed that pc sales bottomed in the fourth quarter. a lot of people buy pcs from best buy and if you don't you ought to check it out because they don't steer you toward anything other than i think is the one that you want.

i see bby as a buy, a solid buy. retailers have bounced back in a big way in anticipation of a soft landing and based on the commentary we got from the icr conference this week i'm betting that momentum continues. much more "mad money" ahead including the second part of my sit-down with the ceo of beckman dickinson. he takes it personally. there was one pivotal event that shaped his career and i got a chance to hear more about it. his path to becoming ceo of one of the most important health care stories in the world. then there was a lot i learned out west at the jpmorgan health care conference. i've shared a lot of the takeaways. you know what? i've got something about orlando and a small conference you should know about. and your calls rapid-fire in tonight's edition of the "lightning round." stay with cramer.

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i showed the first part of my interview with tom pollan, ceo of becton dickinson which gave a great overview of where his medical instruments and supplies company sits in the global health care system. got some terrific color on new products too. but in that initial discussion we didn't get a chance to dive into the rest of the industry, which is unfortunate because becton dickinson can give you a really clear view into the health care supply chain, something that was a major point of weakness during the pandemic. fortunately, we got to take some additional questions with tom polan after that first conversation. so take a look at part two of our becton dickinson interview. >> tom, we spend a lot of time speaking to a lot of executives, and i think a lot of them were interested in the health care system in doing good. but i think your circumstance, just to talk personally about

how you got involved, is important for people to know because it's not the same as most. >> i think a lot of people who work in health care got there because of a personal story. for myself i woke up at age 13, was getting ready for school one day, and my mother who was 35 at the time collapsed and ended up dying of a brain aneurysm patriot immediately. ended up through that day going to the hospital, shock trauma, ultimately there was nothing they could do. but it was that experience that inspired me to want to get into health care and make a difference. >> what was your first move in doing -- i think people wanted to know how you made that your profession. >> i first went in, was work at the laboratory at johns hopkins hospital and doing research there. then ended up joining a small startup company, one of the first five folks that we grew up and we sold it to becton dickinson, which is how i came to bd. and from there continued on, met my wife in the middle. she was an officer in the navy. we were deployed.

left bd for a bit while she was deployed and came back after that. >> you did go to hopkins. what did you learn there about the system and how we can change? because i think of all the people i spoke to you have the best breadth of what we can do to save this health care system. >> certainly there's a big focus right now on efficiency. hospitals, they feel the pressure of inflation probably more so than many other industries. inflation's particularly hit from a labor perspective. and if you go in a hospital the cost of nurses, et cetera, are a big, big portion of their expenses. so solutions that can help drive automation and efficiency we see as a big need in helping to transform care. also at the same time moving from high cost high acuity settings like hospitals, being able to move more routine care into settings like in the home. so we've been investing very heavily in areas like automation for the pharmacy, for the laboratory, informatics that help improve nursing productivity. we recently got five, ten k clearance for a new way to collect your blood from your

fingertip not from a phlebotomist but maybe by a clerk in a retail store and eventually by yourself in the home. we've been investing in point of care diagnostics to get rapid flu tests. figure out if you have flu or cove id in 15 minutes rather th needing to go to a hospital. so we really see that shift of care moving in new ways, and it's going to take technology to help make that happen. >> you were very involved at a national level. gina raimondo, commerce secretary's been on many times. when you talk to her what are you most concerned about n. terms of how our country's working with health care? >> secretary raimondo's doing a tremendous job first of all. i'm very honored to be abling to serve on her advisory board for manufacturing. one thing she's focused on is helping to make sure the u.s. is secure from a supply chain perspective when it comes to delivering health care. i think that's been a -- >> are we? >> we're getting better after the pandemic. for bd one of our core strengths is we are a manufacturing company at heart.

we make a tremendous -- we make billions of units of medical devices in the u.s. our strategy has always been to produce locally. we actually import very few products into the u.s. >> does secretary raimondo understand that it's just more expensive to make things here? >> we make things very efficiently in the u.s. if you go into one of oufrp factories you'll see very advanced robot sxikz automation. that's what allows us to do it, is with technology. we're a 125-year-old company. we've been doing manufacturing right from the start. so that's a core competency of ours. >> let's talk about what happens at home. for instance, we mentioned the other day in the interview. you talked about glp-1s and people are sechl injecting. is that your technology? did you come up with that? and is that saving lives? >> inside every auto injector, which is what you press the button on when you press, deliver glp-1 to yourself, inside is a prefilled syringe that's actually connecting with the drug. it also has the needle preattached. that whole system is ours. we created that category.

and most drugs that are in a prefilled device, if it's in a prefilled syringe, most likely it's ours. we see glp-1s are just the start of medicating yourself with injectables. there's whole new classes of drugs that offer tremendous promise as well for things like alzheimer's disease or cancer. and they're going to be in different types of self-injection devices. for example, we have a wearable injector. some of the new alzheimer's drugs may take 15, 20 minutes to inject. so you're not going to hold something but you're going to attach something to your body and it's going to infuse that as you're going about your day. the same thing can happen for certain oncology treatments. we'll infuse you over hours, potentially as you go about your day, you can shower, you can do whatever. so that's going to require devices that we make and we're bringing to market. >> well, i think that your experience as a young boy has helped our system very much. >> great to discuss. >> okay. that's tom polen. chairman and president and ceo of becton dickinson.

>> announcer: coming up, pop open those umbrellas and tee up your toughest questions. cramer takes on all comers in the "lightning round." next.

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want to be this weekend with not one, not two, but three wild card games. i love wild card weekend. look at this action. now, this is exciting. saturday at 8:00 p.m. eastern on peacock will be -- yes, we'll be at the nfl's first ever exclusively livestreamed playoff game when patrick mahomes, and he is just to me -- he defeated our eagles last year and, well, he's the defending super bowl champ, what can i say? the kansas city chiefs will host tyreek hill and miami dolphins. for a limited time get one year of peacock for only $29.99 a year. that's 50% off. go to peacocktv.com/nfl to learn more. terms apply. of course. you can't miss the game! i'm not. and now it is time, it is time for the "lightning round" on cramer's "mad money"! play until you hear this sound and then the "lightning round" is over. are you ready, skee-daddy? the "lightning round" on cramer's "mad money." start with jeff in new jersey. jeff! >> caller: hey, jim, huh are you doing? i'm holding paramount for like

two years. is this a waste of time? >> yeah. that's like the balance sheet from hell. we love good balance sheets, don't like bad balance sheets. that's got a bad one. let's go to dennis in michigan. dennis. >> caller: hey, jim. how's it going? >> it's going well, dennis. how are you? >> caller: doing well. looking forward to some football this weekend. good luck to your eagles. >> what's up? >> caller: first i'll say kudos to your staff at "mad money" and the investment club for all their efforts. >> thank you. >> caller: i'd like your thoughts on exel. what do you think? >> ooh. interesting. okay. i think that this is a good spec. i know you say jim, you usually don't like speculation. untrue. the biotech world is unbelievably xwie exciting. i like it. alan in florida. >> caller: jimmy chill.

your club say master's class in making money. and i thank you for this. >> thank you. >> caller: the nuclear renaissance that i learned about on "mad money" treated me very well. the biggest nuclear reactors worldwide are getting life extensions while the smrs look to be the answer to our net zero goal. all these reactors are going to need lots of uraniumand there isn't enough to go around. this week bank of america for the first time in decades did a bullish report on uranium. the u.s. government is now serious about domestic uranium. 99 of 100 senators just voted to ban russian uranium. and department of energy this week put out an rfp for domestic nuclear fuel. >> right. so -- >> caller: you gave uec as a spec play -- >> yes! i want a pure play uranium company that's not losing money hand over fist and bleeding from the eyeballs. let's go to tony in florida. tony! >> caller: hey, jim. i want to thank you again for the club. i've been a member since day one. >> thank you, buddy.

it's fun! i try to make it fun and i try to teach. i'm trying to do some teaching. now let's do some work. what have we got? >> caller: i think i found a gold company i want to get. i know how gold can be volatile. but this company is basically focused on royalty and streaming company as the first portfolio is gold, even if oil and iron ore. franco. >> i think it's a good way to own diversified gold. i personally like barrick. and i will reveal i like gold bullion. i really do. steve! >> caller: club member. how are you? >> oh, man. this is putting me in a good mood. i'm doing fine. heading to kansas city really soon. me and tyreek are going to do a foot race. i was very fast in high school. what's up? >> caller: i wanted to know your thoughts on embridge and their recent acquisition.

emb. >> i like the acquisition very much. the street doesn't. the street is wrong. greg ebel is doing a great job. i invited him to come on the show. i never ran a 4.1. let's go. paul in alabama. paul! >> caller: boo-yah, jim. >> boo-yah, paul. what's up? >> caller: hey. i just read a fascinating book with a behind-the-scenes look at wall street. >> yeah. >> caller: called "confessions of a street addict." >> oh, man. that's 20 years -- i hope it holds up. it's 21 years old. i was 30 pounds heavier then. >> caller: it's a great book. they play hardball up there. >> you bet. i didn't -- to read it now i don't really like how i was. but that's okay. what's going on? >> caller: well, i was checking the financials on my southwest position and i noticed a low-cost european airline, ryan

air, and it looked really good. good numbers. >> they're a very well-run company. michael o'leary, who i would invite on the show anytime, some say he curses like a sailor. i would not say that. all i know is i like him very much. i like the stock. let's go, we're not done, let's go to jack in ohio. jack! cleveland, jack! >> caller: hey, thanks for your help, jimmy. >> no problem, flacco. what's up? >> caller: buying for the dividend and dump. pagp. >> i would buy that for the dividend and then i would dump. zachary in california. zachary! >> caller: how are you doing, jim? >> the casino here. hit me. hit me again. what's up? >> caller: i want to know what your thoughts are on -- >> people say they had a bad presentation at icr. i'll talk about that conference later on in the show. but i have been a little let down by the dutch bros. they've got to stop opening stores and catch their darn breath. there, i said it. scott in florida.

scott! >> caller: boo-yah, jim. united national foods. >> there's nothing but a house of pain! it's not going to change its address anytime soon. get the moving van! and that, ladies and gentlemen, is the conclusion of the "lightning round"! >> announcer: coming up, can government and big pharma learn to play nice? cramer turns to tech for a cautionary tale of when d.c. said good-bye, mr. chips. when "mad money" returns.

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why is it that democrats and republicans can only seem to agree on one thing, that drug companies are robbing you blind with high prices? the biden administration managed to seek a provision in the inflation reduction act which lets medicare negotiate prices with drug companies. which is more like extortion than negotiation. meanwhile florida governor ron desantis is going to import drugs from canada. they're cheaper in canada because canada has price controls. both actions are very popular politically. and i can understand why. who doesn't want lower drug prices? you about while there are many things wrong with our health care system i think drug companies are not the problem. they charge what seem to be high prices because it costs a fortune to bring drugs to market and most drugs never get there. they need to compensate for their failures. people think patent protection of 20 years is the time they have exclusivity. uh-uh. takes a very long time between when a pat scent filed and the drugs hit the market.

on average they make 15 years of protection. if the government curbs their ability to make money -- it's the price for innovation. but after talking to many drug executives i want to take a different tack on why the government ku78ing after their profits is a bad idea. we don't want the drug companies to leave and make their products somewhere else. this is a industry that still makes tons of product in the u.s. when i spoke to the ceo of becton dickinson he proudly told me they make their prefilled syringes here in america. those became vital products when covid vaccines were being distributed. in fact most of the products -- eli lilly's trying to build factories in north carolina. abbott labs made its covid tests here. i wish i could say i trust the chinese tests i've seen. but given how poorly they handled the pandemic i'd prefer to stay with our homegrown technology. the vast majority of companies i talked to at the health care conference make everything in the united states. i don't think the drg companies

are bluffing can when they plan to cut down on r & d. sounds like a lot of id other'll talk. gas bags. but let's take a different industry one that was largely u.s.-based but ended up being tied up in taiwan. the semiconductor industry. most of the manufacturing fled and fled there because they couldn't afford to stay. it was just much cheaper to make things in taiwan and our government didn't try to even keep them here. i'm not saying that drug companies will up and leave like the chipmakers who switched to taiwan foundries. i'm saying many people took it for granted these companies would never leave. but they did. right now the drug companies are making a very good return but if the government makes it too hard for them to make money i am sure that like the semiconductor industry they'll find a way to restore profitability like moving production to somewhere where lower labor costs exist. that would be a terrible thing for us. eli lilly's going to charge a lot for mounjaro and depositionbound. i get that. and you'll be lucky if your insurance company covers it. but they're made here and with high standards and they employ a

ton of people in america. time to find another whipping boy. it shouldn't be big pharma. this is the best industry we have left. let them get their returns and don't let them leave like the semiconductor manufacturers did. we will all regret it if they do. i like to say there's always a bull market somewhere and i promise to try to find it just for you right here on "mad money." i'm jim cramer. >> right now on last call, often running, the first bit going etf wrapping a historic day of trading. he called the 2023 rally, now ryan dietrich has a big new call for this year. hurts? not so good, why hurts flashing a major warning for tesla. dethroned, one company grief briefly grabbing apples most valuable crown, the brawl with business insider, how his feud with the media just took a sudden turn. hanging up a hoodie, bill belichick out in new england and the intrigue over what happens next h