17 or so, trading down to 12. probably has lower lows. wait a few days, it probably fills in that gap. >> guy? >> setting myself up for a fast fire. wynn reports after the bell tomorrow, but you stay with it, melms. >> thank you for watching "fast." "mad money" with jim cramer starts right now. fire. win reports after the bell tomorrow but you stay with it. >> thanks for watching that money. 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 somewhere and i promise to help you find it. mad money starts now. >> hey, i'm cramer. welcome to mad money. welcome to crane eric. i don't want to make friends, i'm just trying to make you a little money. my job is not just to entertain but to educate and teach. call me or treat me at jim cramer. something strange happened when we turned the calendar to 2024

point we kind of ran out of sellers. >> cell cell cell. >> now before you call me an idiot when the market starts going down, let me just say i am approaching this thing retrospectively. i want you to understand how insanely different this market is from almost any other market i can recall. a total lack of analogies to anything i've ever seen. i've been prowling these gains on wall street now for more than 40 years. sure, today was a sedate session with the dow 141 points, s&p gained 4.2%, nasdaq inched ..7, really nothing going on but keep in mind there are so many reasons that we should be going down. the federal reserve recently raised interest rates, something that should've crossed of the economy. normally we'd be deep in recession with bankruptcies all over the place, sitting at what, rite aid? you expect companies to lay off tons of workers in order to stay solvent, right? instead amazon, meta and

spotify just fired people and it works. meanwhile, higher rates did nothing to slow the rising loss of housing, principal locus of inflation besides food, which also was immune to rate hikes but not to costco and walmart, and by the way, congratulations to the longtime cfo of cosco who has been more effective holding down the cost for food for you than any other central banker on earth and he's now headed to retirement. we wish you best of luck. in fact housing is still up more than 35% in value since 2019, spending double your mortgage rates. that's not supposed to happen, either. normally when rates go is how you end up with a housing glut that only gets worse as the owners are forced to cut prices in order to unload excess inventory. we've still got a housing shortage, though, so the fed's rate hike slowed the pace of inflation but the cost of living remains much higher than it was before the pandemic, as we know from a frustrated mcdonald which talked about prices being too hot for many of its consumers. in other words, higher rates tend to bring out stock sellers as they have every time save for two short periods in the 90s, or might likely they brought out the sellers in 2022 in parts of 2023.

this part perhaps because the fed is on hold with his ex ms. to cut. sellers have run out of ammo. second, when you have a slowdown, you got a hedge fund playbook that says you got you don't, dump, dump the transports and they are supposed to be untouchable in this environment. have using them lately? led by the bedraggled united parcels the holder is on the move, union pacific and csx at 52 week highs, jaidee hunts, huge trucker is there, too. it's knocking on the door of an all-time high list. how the heck is that possible unless there is simply no one that wants to sell that badly with all of my index funds, or considered a case of machinery maker caterpillar. if you go back to our last report i made an impassioned defense of the stock right here, which we own in that point for the charitable trust. i was in disbelief that people were selling cat down at 208 because of some shadowboxing about inventory. the sellers were butchering the darn thing with daylight precision. saturation bombing, you name it. then the buyers overwhelmed the sellers and the stock rallied and rallied and rallied from its lows. the shorts dug in their heels but when we saw the earnings yesterday they were fantastic

and we realize that cat's business had been decent localized. that kind of like no more cyclical. is because customers aren't china residential housing, they're oil and gas data center. americas the biggest maker of data centers and the biggest oil producer in the world, at least exporter in the world. both are growing by leaps and bounds so the stock closed at 322 and change today, up from 280. not bad. certainly had what looked like a gigantic bubble going on in artificial intelligence. i've never seen it and inflated end of the stimulative concept and i say that as someone who has believed in ain generative ai all the way and trading the stock for ages. conventional wisdom century believers in ai would eventually be left holding the bag as the whole house of cards collapsed. that didn't happen. sure it's still money. however we've now seen a running these stocks of biblical proportions. it was at 210 a euro, and i was at 680. similar to my point, already up

this year today amu is at $83 a year ago, now it's 168. these moves are simply insane. history says these ai stocks should've been obliterated by now but what do they do with nvidia reporting largest uprising history, a $4 billion blast to the upside? the upside, no matter anything can hit nvidia going onkers. yesterday when you think it's all over, goldman sachs points out that the second half of the year could be incredibly strong for nvidia. saturation, why? because it is on, meta and microsoft can't get enough of nvidia's chips. last month mark zuckerberg from meta talked about spending billions to buy 50 nvidia graphics cards. he'd like to buy more. so in virtually any company in the enterprise space, it wasn't even clear what he needed the stockpile for. it didn't seem to matter. few disappointments for both sides. now we're starting to hear of those ships being put to work, for generative ai, ummations for reading things, you never get through of course without it. real-time suggestions for people at call centers are

making it easier to fill out triplicate forms on loans or how to calculate the cost of insurance or the generation of stories 40 creation of digital storefronts for small businesses. that's just the beginning. in short, not only is ai not a bubble comedy short-sellers is against it just got steamrolled. i don't think tech was down today but i think they're just taking a breather after an unsustainable move. we have temporary swings where money rotates to other sectors. today was the drugs and materials, two groups that rarely go in tandem. those rotations always had the last couple days. i can't wait for those who describe apples vision pro as a non-needle moving boutique product hoisted on their own air pots. fourth, the total chaos in washington is not beating sellers. nobody seems to care about the toxic capitol or the inability of getting anything done in congress. we always say gridlock is good for the market but that can be hard to remember in the moment. we may have an immigration

crisis at the border but that's not a problem for the stock market. if anything, more immigration is good for the market because it brings down the cost of labor. finally, china has become an unmitigated disaster. china used to be the growth engine of the world. almost every company came over there and they got embedded in our system, but when things got terrible, sure enough the american stocks with pathetic china exposure have all been hits. more on that later. today they're all coming back, like china stopped mattering now that they're going to push sellers in some unknown way. we don't know what they're going to do. now we have some outliers can always do. the banks are reacting to weakness in your community bank with a little bit more than they can chew and a signature, something regulator should've prevented but they weren't doing their job. we know that the drug stocks are up today but we've seen so many days that we just had three-day moves in the drug stocks. i don't trust them, other than eli lilly, which took a break today and reversed down nearly 40 points from its high. tomorrow it can redound. oil is having a nice run but that's because of good numbers, please. too much of a glut the woodwork

moves i just mentioned, waiting and not knocking down stocks. now i think the short-sellers have been obliterated and almost everyone wants to sell. seems they've already gotten out. that's how you get such a strong stock market despite a not so hot environment. perhaps only higher prices will produce the sellers that seem to have vanished or maybe, just maybe they've been vanquished. let's take some calls. let's go to jeffrey in massachusetts. jeffrey. >> hey jim, what's going on, man? >> i don't know, i like the action today. i like it a lot. a lot places. what's happening? >> caller: not much, but he. on just calling tonight because i need some help on builders first source. i bought it at 29 and since then it shot up almost 500%. can you give me advice on whether to hang onto it? >> i was just telling my fantastic, unbelievable, incredible staff could we please get builders first source on this show? this is just crushingly. guys, listen to me, dave. why don't you come on the show? i like this a lot. the nuance looks terrific. builders first source, you do

not touch that one, jeffrey, because that one is what we call an up stock. i think we should go to anne in indiana. anne 2 >> okay, jim. thanks. i'm a club member. thank you, but i need a lifeline. i've been up huge lately and one of the things i've been up huge at, you had talked about consumer or enterprise stocks at this stage of the game. so i'm a little concerned about stanley black & decker. do i just have to be patient? >> this is just a great question from a club number. thank you so much, we are looking forward to seeing club members for a meeting. here's the problem with stanley black & decker. it's the one stock we have needs rate cuts. we decide that once they get rate cuts that thing goes to 120. this thing is going to mark time, marc stein, and until we get the rate cuts, don't mind, it's just what has to happen. last year we would've had sellers all over the place given the environment but now i think most short-sellers have been obliterated and anyone else, i mean, i don't know, just left to so other than

index funds. ever since i signed simon property group have been able to make a comeback, so what should you make of the high-end mall owner and operator? don't miss the ceo, very rare. cramer fave typically reported after the bell and i'm running through all the headlines from the quarter with the company's top brass. after a mixed quarter this morning what should you make of carrier level as it continues to make some major portfolio changes? i'm checking in with the ceo so stay with cramer. >> don't miss a second of mad money. follow at jim cramer on x. have a question? tweet cramer hashtag matt mentions. send jim an email to matt money at cnbc.com or give us a call at 1-800-743-cnbc. miss something, had to matt money.cnbc.com.

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after rolling in november and december, the high-yielding real estate investment trusts spent most of 2024 trading sideways is long-term interest rate rebounded from their lows. remember it's the bond markets that real competition for these dividend stocks. last week something might've changed when simon property group, immediate owner and operator of high quality all properties reported an excellent quarter with funds from operations, the region equivalent of earnings, coming much higher-than-expected. even though simon's guidance for this year was less stockstill.5% today at 143 bucks. that's up more than 30 bucks where it was trading back when i recommended on november 1. can the stock keep climbing, this conservative stock? earlier today we got a chance to speak with david simon, the legendary chairman, president and ceo of simon properties on its 30th anniversary. take a look. >> mr. simon, welcome to matt

money. congratulations on 30 incredible years in the business. >> thank you, jim. we went public a little over 30 years ago and you know we've dealt with a lot, obviously we've prospered during that period of time where we are very proud of the organization and the company that we built and that we are still building. so a lot to look forward to. >> you're too humble to conceive increased from 424 million to nearly 5.7 billion. and info revenues, and you've paid out over $42 billion to shareholders in dividends at a time when many people felt that the mold was dead. >> yeah, that's the best stat to contradict the narrative that's out there. it's not to say that, you know, properties don't change, certain malls have obviously

become obsolete or gone out of business. but the good properties have really prospered. take roosevelt field, where it's 60 years old, today it does north of $100 million of net operating income and it's always evolving and changing, and there's just no way that anybody that visits that center would come away with the conclusion that the malls are dead. so $42 billion in cash to shareholders speaks louder than any words that i'm going to say. >> now there is a paradigm that you talk about in your annual that is extraordinary. there is a place called phipps in buckhead. i've not been there, unfortunately, but that sounds like the new model for people who think that, wait a second, i don't think that's an enclosed mall has a place these days. >> that was a great example. so we had a belk's department

store that was underperforming. we took that department store, we created an open-air plaza, built an office building, built a nobu hotel with a nobu restaurant and a lifetime fitness resort that's terrific. and a food hall. so all in that one area that was occupied by belk's department store, we ended up creating kind of a whole unique environment and it's not only helped that part of the shopping center, but it's also created a load of momentum for us to bring in the best of the best retailers and a lot of luxury -- a lot of the luxury players have all committed, air mass is opening in a few months here in the spring, so that's a great example. another center that's been around a long time, but it's in a great catchment area, great real estate, and that as long as you got the capital and the

intellectual firepower to figure out what to do with it, you can create a lot of value. >> now when you go to your website there's a terrific video and it becomes very clear to me while watching it that you tell a story, but you tell it in a beautiful way, that retailers need brick and mortar including online retailers who may have gotten ahead of their skis, not realizing how important rick and mortar really is. >> well it is clearly the best return on investment, so -- it's so brand positive when they open a store and actually their online sales go up when they open a store in a new area. and in fact, if they close that store, what the research has told the retailers and told us is when they close a store they lose internet sales in that trade area. so it's really beneficial,

bottom line pick up in store is huge. returns are important to the consumer. and we've had a lot of d to c retailers that started online, but they're all moving toward stores and that's a really important component of their growth. you know people like vre and aloe and warty parker, great retailers, great brands, but they all understand the importance of their physical footprint. >> on the website you can see that they have mills, they had outdoor, and then southeast asia, where apparently they are very excited by what simon is bringing. >> well you know i always -- besides the $42 billion of dividends, one of the things i like to tell people is we are one of the few companies that can build at the same time in jakarta, indonesia, and tulsa, oklahoma, and they're both very important to us but it gives

you a sense of the breadth and depth of the company that we are able to do that. we had a great international outlet business in korea and japan, and malaysia. at the same time, we love building shopping centers in oklahoma, so it just gives you a sense of the scale of the business. it's something that we are proud of. >> lastly, i want to go full circle. there is a terrific discussion that i never heard from anyone else, on your conference call, about the idea that your yield is too high and that has to do with the fact that the stock alone is higher, particularly because of what you are doing with abg, and we know the story very well, it's terrific, and what you are doing just in terms of raising the dividend repeatedly, because it's something we've come to expect from simon. >> well you know it's kind of tongue-in-cheek but the reality is when you look at either the

s&p 500 or even the reit industry, we have a high-yield but we have a very low payout ratio and we have an a rated balance sheet from s&p, so when you put it all together, we think our stock out to be higher and therefore our yield lower. because we are producing cash flow growth with a great balance sheet. we have $11 billion of liquidity. but listen, it's our job to tell the story about why our company ought to be valued more. so we'll keep raising the dividend. the $42 billion that we've paid out will increase. payout, jim, about $2.7 billion a year in cash dividends. but yeah, we still generate about 1,000,000,000 1/2 dollars of excess cash flow that we can plow back into grow our needs and therefore grow our business. so we respect the reit model, about the payouts and we just

think people ultimately will begin to value it a little greater than they have in the past. but it's worked. even though we've been public for 30 years, we are more than prepared to show the world that we can keep growing our company. >> and i know it's your job to tell a story but i feel it's also my job. after doing the work i found, this time i'm serious, i got to put this in my charitable trust. i need consistency. i need yield and i think that simon is probably of the stocks i look at in my portfolio, simon would have the best of both. dated simon is the chairman, president and ceo of simon property group. the symbol is spg. i urge you to go to the website. it is transparent as any that i've ever seen. thank you so much david for coming on "mad money". >> thank you jim. thanks for having the is used in. >> right back, everybody. >> coming up, earnings are in

for this fast casual guac star. find out what's cooking this quarter with the hipotle ceo, next.

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october lows to an all-time high yesterday. as much as i like his company, how does anybody justify such a major move? that is exactly what chipotle did tonight when it turned in a flawless fourth quarter with much better than expected sales on 8.4% year-over-year, a clean revenue beat and a sizable $.55 earnings beat off a $9.71 basis. also gave you a solid four year forecast so no wonder the stock is roaring after hours trading and i don't think it's done. i've been saying that since the stock was at $300. is now north of $2500. how did they pull it off? why don't i go straight to the source with the bankable chairman and ceo of chipotle mexican grill. better quarter welcome back to that money. >> hey jim, great to be back. >> you've got an up and down, the numbers are fantastic. impressive all the way. i want to start at the top. your comparable restaurant sales, went up 8.4. concept 10.9 to 7.4 second quarter 23 to five in third quarter 23 point how do you explain this re-acceleration, because it's rather dramatic? >> what i'm really excited

about is that that comp is driven by transactions. our transactions go up 7.4% and really it's a testament to our operators getting back to executing great throughput, great fundamentals, great culinary, and i think we've been rewarded with some terrific results. >> you are the only one i know. i couldn't believe it. yes, this is going to be an easy interview. at last it wasn't just done by price. but i have to tell you, you probably had to think long and hard about price because mcdonald's, which you know very well, of course they took too much price and you saw that it really hurt them. how about the balancing act? how do you know what to charge? >> it's obviously been a really tricky environment over the last two years, with all the inflation that we've had to deal with, leader challenges, so on and so forth. but i think that we always stay focused on is we want to provide great value to our customers, and what we hear back time and time again is we do great culinary, terrific speed, terrific customization, at the prices we've been able to maintain for really

affordable and folks view us as a terrific value. so we gave a really close eye on that and i think you're seeing that in our transactions as a result of it. and you know obviously we want to continue to drive this idea of a look, when you want great culinary, clean food, exactly how you wanted, we are the place for that. and i think that's what's really resonating. >> and the speed. you're doing 3 million average unified. just a few years ago you were doing two and now you're talking about doing four? i just honestly don't know how you're going to do four. that's just an unbelievable stretch goal. >> look, i think we are really delighted that we got past our 3 million average unit volume goal. that was a target that we wanted to achieve. obviously we believe we get to 4 million edits because of what you just said, jim. we believe that if we can hit our throughput, we can get to 4

million average unit volumes without having to add another market. it really is around executing great food at lunch and dinner and moving people through the line quickly. we know when the line is moving, people stay in the line. when the line slows down, people walk away from the line. so we are going to drive harder and harder towards getting great food. >> people don't understand, throughput is -- that's the nectar of the gods and it's the hardest thing to do. now i have to understand, when i go to my chipotle i don't go to the shuttle they. why? because sometimes give me a little extra this, a little extra that, the guy in front of me saying it and the person behind me. but i look at the digital, it's going down. 36.6 to 36.1, ever since the pandemic. is just how the people like me who actually just like to be in the store? >> what we are seeing is the digital experience has been -- is probably better than it ever has been. we are more on-time. we are more accurate and we continue to give people great experiences on that front. what we hear time and time

again, that is exactly what you said, when they can come into the restaurant, they see the food, it's moving quickly. they can do exactly what you said, hey, how about a little bit more rice or go a little heavier on the cheese. they appreciate that one to one relationship where they can get exactly the goal that they want, which you can't do in the app and one our team members do a great job of getting people what they want, i kind of joke, our guys are always finding ways to say yes and i think that's a powerful experience when you're moving down the line. >> i've only been met with a smile when i ask. i do ask, what can i say? this number, your long-term goal of 7000, another one was six, i remember when it was five point are you feeling that much? >> we really do believe we can double the restaurant count to 7000. and the way we get to that is just kind of using really simple analysis. we look at our highest penetrated markets like in ohio, where we continue to add restaurants and we just replicate that across the

country. we quickly get to 7000. we view it as a conservative number and we view it as something that is very feasible in the long term. >> at the same time, brian, i do you folks care passionately about management, who is on the make line. can you really find that many great people who can meet chipotle's standards? >> look, i think one of the things that's been really powerful for us, jim, is we have held ourselves to a very high standard. people like to be a part of our organization. frankly it has high standards and also is a growing organization. so we've got the lowest turnover we've seen in years. our general manager turnover is now in the low 20s. our crew little turnover is in the low 100s. so we are seeing a lot of stability in our teens. the other thing i'm really excited about is these teams are where we are promoting people, so we are going to promote over 20,000 people in this past year. 90% of our general manager positions are from internal promotions. so people are really excited about joining our team, not only because of the purpose that we have, but also because of the growth that they could experience with our company.

so we're pretty fortunate right now. we are able to attract and retain bright people that buy into our purpose and our standards. >> that's fantastic. cosco, i don't know many other places where you can just go and just grow and grow and grow and start from a terrific position and just keep moving up. one last thing, you said it's important, i find that what's important is the must visit restaurant guide to impress dates on valentine's day. now i'm way past this period. this is not really helping, this nature lover, sedona, arizona. but there are many people who are -- let's say had great commonality among each other because they like to pose a. just give us a little sense of the fact that 2.4 times more likely to strike up a conversation, that seems like a great eat those for aaa to live by. >> no doubt. what i'll tell you is the number of people, whether you can make it to sedona for a beautiful vista are you just going to lay typically, what we see over and over again these people love to share a burrito or share a bowl. if we can make people a little

better valentine's day, why not? we are excited to be a part of that with everybody. >> on the dh now where i'm just happy to get the brisket. >> you can go try that out. we got to get tested in a couple markets. >> i know, i've got to go to ohio, i think. that's the chairman and ceo of chipotle with a monster great quarter. thank you, brian. love it when you're on. >> thanks, jim. >> "mad money" is back after the break. >> coming up, global with a chance to profit? this industrial giant reports and markets move. cramer has got the ceo when "mad money" returns.

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what do we make of the numbers from carrier global? the heating, ventilation and air conditioning company that i'd like for sometime now. carrier reported clearly missed quarter, although they still delivered a modest earnings beat thanks to strong cost controls and therefore your forecast was solid. that wasn't enough to get the stock moving in the right direction. instead it pulled back about 3% because most people didn't like his residential heating, ventilation and air conditioning shortfall, which i think is a temporary speedbump. on a little more sanguine about this because earlier today we had a chance to sit down with dave gidley, the terry and ceo of carrier global right here at the new york stock exchange on their big day. i thought he told a darn good story. take a look. >> dave, since we talked last we've got a remarkably new carrier, which i like as much as the old one, but it is what we call almost a cleaner story. so in the light of your day, tell us what the new carrier looks like. >> the new carrier is focused

all unsustainability. so we looked at our portfolio. we are shedding our fire and security business. we have stationary refrigeration business, shedding that. will be a peer play, high- growth hvac our company, hvac with a transporter refrigeration business with 100% of a portfolio focused on sustainability. >> so right now we have some weakness in residential but office is very big. are these just kind of the yin and the yang or can theyot be hot at the same time? >> we look at risi last year, i think we took our medicine last year. we were coming off a few great years. risi for us was down last year. we are going to be coming off a low base as we go into next year. we think the destocking is fundamentally behind us. we are looking at high single digit growth in the risi building and for 2024 we look at commercial hvac. there are things that are enormously high, data centers up 10 x, healthcare continues to be strong. we look at higher ed, strong, k- 12, strong. commercial real estate is less weak than it was. it will starley be a little bit

weak but what's good is very good. >> biser megatrends that you're talking about. these are not cyclical businesses in commercial. these are secular businesses. they are not going to stop at the end of 2024. >> that's 100% right and the biggest trend is around sustainability. 10 years ago you were going to bet on evs, it would've been a great that. there were 300,000 evs eight years ago, this past year is about 70 million. a 4000% increase and that's what we are seeing in our space. a fundamental shift from gas and oil powered heating for buildings shifting to heat pumps, which are all electric. >> so let's talk about the acquisition in europe, which is now closed, and i want to be sure people understand that this is not something that necessarily has to stay in europe. this is real technology that you bought and you are keeping it 100%. >> 12,000 employees welcome to the carrier family. it is the single best company in the space in europe. we spent unquestionably the

best brand, best channel, best technology, best positioned company in europe for this transition from gas and oil powered heating for your homes to heat pumps. so the market legislation will move around a little bit. fundamentally the shift is unprecedented and significant. >> let's talk about that. in germany you got ,24,000. they just cut it to 21,000. that you told us when this happened you were going to come to expect that the fact is that's still a huge amount of money and does it matter when people not switch because they cut this? >> overall, depending on the specific dollar value, the subsidy levels between 40% and 70% depending on budget factors. we are very pleased with the subsidy levels. the issue we had was we had about eight months of dithering on how the legislation was going to fundamentally play out and i put a dampening effect on orders while people will waiting to understand what the subsidy level. they finally finalized this legislation in january. what did we see right away? eight pump applications went up in january for the first time in many months. the preorder activity and the website went up in january. the legislation's final.

40% to 70% subsidy so we feel very good about especially growth from the back half of the year. we just had a bit of a dulling effect for a few years in there. >> understood. let talk about what heatpump is versus the standard and why it's so remarkable, and this could be something that would really help us with global warming. >> 100%. if you picture your home, you have a gas furnace, a heat pump is all electric. it's basically running your air conditioning and reverse. outside your home you have that split system. instead of air conditioning that's blowing hot air out of your home, heat pump is blowing hot air in the home so it's a complete transition to electric heating, and what we are seeing in europe is in your bathroom or in your utility room you have a wall hung boiler that's either gas or oil powered. all of that is going to transition to electric overtime and it all starts with the european union framework. 55% reduction in greenhouse gas emissions by 2030. 90% by 2040. you cannot get there without heat pumps and they specifically call it out. every country, france, italy, poland, they're all lathering up to the eu framework >> i thought of you today,

what's going on in california, what's going on in chile, what's going on in florida, these are global warming and there are maybe politicians who want to dither about this, but a lot of us are heartsick and we realize that not enough is being done. your company is uniquely trying to stop this. there is a true ethos of this carrier, isn't it? >> that is part of our dna. it's part of why we come to work every day as a team. it still is very important to max who joined our board, it's important to the 55,000, now 57,000 employees of carrier. we not only feel like we have an opportunity, we have an obligation to do good for future generations. and remember, jim, that 40% of carbon emissions come from buildings and 40% of that from hvac systems, so we're in a phenomenal position to make

this world a better place for generations to come after us. >> a lot of people think of the united states, what the heck are we doing, but you mentioned something interesting. you mentioned k-12, so we do have some things going on right in this country. >> k-12 is unlike anything we've seen in many, many years, because the federal funding, disaster funding, which actually has to be spent over the course of the next year, has to be spent, at least allocated, so we are seeing k- 12, our orders are up 25% last year. we are seeing the highest growth we've seen in k-12 in the history of our company, so we are seeing continuous double- digit growth in k-12 and that's going to continue this year through next year. not only are they investing in healthy indoor environments in the air, which is very important following covid, but it's also very important because they're investing in sustainability. >> one last question, yesterday caterpillar reported and they talked about data centers, secular growth for cat. eaton reported a week ago data center, secular growth. version, secular growth. your role in the data center?

>> 100%. we reviewed. we provide all the cooling. all that heat that's created in a data center has to be dissipated, and when you look at an ai chip it's producing far more heat, so we are working on new technologies, liquid cooling to provide better heat dissipation for data centers. so if you look at our business in north america, we had 100% of our business going toward data centers and we do in a commercial office building, so we are all in our data centers. >> this is really important thing is we're going to revisit this over and over again. this is about not what's known as cyclical, where the rates go up, rates go down, things go crazy, secular means like this, that's long-term growth and that's what we like to see. dave detling is the chairman and ceo of carrier, the symbol is carr on their big day. thank you, david. >> thank you, sir. >> coming up, pops open those umbrellas and tea up your toughest questions. cramer takes on all comers in the lightning round, next.

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lightning round is sponsored by charles schwab. trade brilliantly. >> it is time. is time for the lightning round. play to the sound and then the lightning round is over. are you ready connect the lightning round, kramers "mad money". david in new jersey, david? >> all right, thanks for taking my call. >> absolutely. >> neto? >> losing too much money. second-rate player. we are stepping into the game. we are palo alto. now we fans. joe, a message, joe? >> how are you, jim? >> not that, how about you, joe? >> i love living up there for a decade. is fantastic. >> i've got a question for you. i looked through this and i bought some of it over time but

it's a solution can pollution control company that was started by procter & gamble seven years back and it's called peer cycle technology. >> oh yeah, i know it. they're not making any money. we are very some people. we simply recommend wn, which i wish i'd never sold from the charitable trust because it is just a rocketship! let's go to carolyn connecticut. carol! >> boo yah jim from connecticut, thank you so much. >> nothing better than that >> it's an honor to speak with you and i've been watching for so many years wondering what you thought about this stock, auto retail. >> otter tail, my writing partner sent me a note, will you look at this otter tail, will you look at it? otter tail, zoo? no, utility, it's unbelievable, i say bye, bye, bye. now we're going to joshua in new jersey. >> agent, boo yah jim. >> boo yah. >> i'm a recent investing club

member and somebody is making a killing in my portfolio. >> yes! >> i'm wondering about a stocking the energy service sector with a ticker lv rd. >> very any expensive stock. don't really get it. the patch is so hated right now. slp dislike, house dislikes. but this is a good company. i want you to stick with it and i don't mind when the stock is cheap. let's go to georgia and virginia. george. >> good evening, cramer. thank you for continuing to share your knowledge with us. we really enjoyed the show. >> i ain't going anywhere. what's happening? >> my question is palantir. >> oh my god, listen to me. clark hates me. i really don't care. you know what, i don't. i don't care. i like what he did. i didn't understand exactly that one mentioned about self- fulfillment but it really wasn't that. i will say they did have a blowout quarter. i like his bombastic nature.

i am calling and officially right here, right now, the dave portnoy of cybersecurity! wow, there's a statement. let's go to frank in new york, please. frank? >> boo yah jim cramer. >> thanks for calling. >> for son, long time. >> okay. >> buy or sell, avd, avalon bank? >> buy it, yield is terrific, i like southern property more but i think right here is done going down. that's a gutsy call by me. i didn't get it to gino, cowboy gino. >> hi jim, i watch a lot of videos and learn a lot from your videos, and still learning. >> thank you. >> this is one of the stocks, herbalife. >> no, we got to step up our game. we've got to step our game. not good enough. we don't want that. high quality. that, ladies and gentlemen, is the end of the lightning round! >> the lightning round is

sponsored by charles schwab. >> coming up, china's big swagger is looking more like a stumble. cramer breaks down what it means for your money, next. >> boo yah jim. integrity makes you the boo yah saint of wall street. >> boo yah jim, you killed! >> boo yah ginny. >> yah jim! >> yah jim! >> that's a lot ofwi booailore . get an expanding library filled with new online videos, webcasts, articles, courses, and more - all crafted just for traders. and with guided learning paths stacked tent curated to fit your unique goals, you can spend less time searching and more time learning. trade brilliantly with schwab.

>> last call on cnbc. >> we are at the intersection of business -- >> these buyers when they sell, they are actually just leaving l.a. >> the consumer is very healthy, sitting on a lot of wealth. >> last call, next on cnbc. >> a cnbc exclusive interview, disney ceo bob eiger. instant reaction, perspective on screening growth and cost- cutting. crucial insight for every investor. closing bell overtime tomorrow at 4:00 eastern. cnbc. look, china is a disaster, plain and simple. until a few years ago, the chinese already has the best economy on earth. for decades it was the great driver of global growth. china is an authoritarian dictatorship that can get things done even if they need to shoot a few executives in the process.

america, on the other hand, is prepared by rules and regulations and due process with a sense of ennui coming from our ineffectual government. that's the perception but in reality i'd take our economy over china's any day of the weekend right now i that many chinese people agree with me. what's wrong with the prc great growth story? i think there's a rot in china, a rock that stems from a false sense of confidence in their all-knowing president for life don't get me wrong, the people's republic of china has uplifted hundreds of millions of people out of poverty since the early 80s, you have to applaud the transformation but that has run out. it's over. right now the chinese government has refused to embrace basic keynesian economics. i'm not talking about anything controversial, just basic macro 101. they've got an ailing economy and in that situation they are supposed to spend, spend, spend. even if they are just throwing money at people, while the communist party cut the reserve rate by 50 basis points they

are providing the capital to those who are fighting to keep their jobs as foreign investment dries. you might think it would be a good time for american companies to extend to china but the country hasn't changed any of its onerous rules that exist to protect their own companies from foreign competition, harsh conditions and cronies that still your i.t. when there are so many other countries that are eager to do business. how bad are things over there? consider what's happened in our charitable trust portfolio. get this, first the retreat from the apple iphone this quarter led to an estimate cut last week. a slowdown in sales for estee lauder resulted in multiple estimate cuts and buildings in market cap loss. stocks was crushed by competition and a weaker chinese consumer. its way off its highs. gator had a begins in three overhang in china that is just now being worked off. wendy's saw slowing sales, one of the few weak spots for industrial gassing the entire globe. dupont's cut entirely in china, which helped cause one of the worst pronouncements of the year. nvidia has a ton of business in china but the doors could be over because of export restrictions imposed by the government because we don't trust china to give the nvidia cards to the military, because

that's what they were going to do. weasels and procter & gamble today to right size position. why? china. it is a never-ending source of pain for companies. what's china's government's response right now? simple, manipulate the stock market how to get rid of the ugly stain of 2015, 2016, when china had a bear market. they made it very difficult to sell by actually hammering the sellers. say they follow the same playbook, it's a short-term banning that long-term the market has done nothing since they tried to pelagius as a matter of government policy. if china put raconian pressure on the sellers then the market will definitely get a short- term bounce. it did the last time and the government gives them a go ahead to sell maybe they can actually put some of that newly created capital into something other than empty apartment complexes and this time, still understand china is not what you think it is. the regime wants to be all powerful but increasingly realizing we gave them the power, whether you think it's time to take it back or not, so many companies made their bed with china that it's embedded in our supply chain.

until it's rooted out the pain is not ever. the chinese government simply doesn't have the horses to do more than save their stock market, and i bet it will be saved, making the big stocks there good trades. just remember they're poor investments and that's what they'll be until the chinese communist party figures out how to manage a modern capitalist economy. i'd like to say there's always right now our last call -- finding a shakeup to the way you watch sports. breaking developments.>> bleeding red. revealing a staggering new -- why is the stock soaring right now? border brault bipartisan deal billions of dollars at stake. teeters on collapse. we will hear from ted cruz. a warning from janet yellen on empty offices. regional banks tumbling. an exclusive investigation into utilities