under armour. >> guy? >> i'm going to post tim in the bell bottoms he wore -- >> are they suede? >> i was rocking them. >> cords for sure. >> letter c continues to climb. citibank. >> all right, thank you for watching "fast." see you back here tomorrow at my mission is simple, to make you money. i'm here to level the playing field for all investors. there is always a bull market summer, and i promise to help you find it. mad money starts right now. hey, i am cramer. welcome to mad money. welcome to cramer time. i'm just trying to make some money. my job is not just to entertain, but to educate and teach, so call me at 1-800-743- cnbc. sometimes you have to ask yourself, where is the money going? right now it's pretty hit or

miss when it comes to consumers. home goods are seeing good money flows, but retailers are spotty. macy's, urban outfitters, but lowe's at home depot, they miss. instead, it's flowing from one business to another or from a government to the business. after the dow advanced 66 points and climbed to a new high, and nasdaq also hit a new high up .22%, we see that at this very moment, these money flows, you have to be investing in companies that don't cater to just the consumer. albeit, some rare exceptions, and instead, zero in on those that make money off the enterprise, as they call business. consumer spending on hard business and one of them, and that is why the ceo of lowe's is on tonight show. it's not time to start spending

on big, home improvement projects. he sums it up pretty well, and i quote, uncertainty around inflationary cuts, and spending on discretionary services and experiences continues to weigh on the do-it-yourself home improvement demand." for many homeowners with low or no mortgages, to many people who don't want to take out a 7% mortgage to buy a new house and be underwater immediately. that means, of course, no renovation. what can change that predicament? see, that's the problem. that's why i am so uncertain recommended consumer stocks. i'm not sure. as the ceo of lowe's said, we are not seeing that inflection point, and he goes on, we don't necessarily expect or understand the timing of that. if he doesn't understand, how am i supposed to get it? the landscape is not so much bleak. it's just not that rewarding, and that's how both stocks get hammered on earnings.

because, the consumer is not opening her wallet enough, and in a sense it's become a win or take all loser take nothing situation. walmart deserves to trade higher than its current $65 level, even though commanding seems like an exalted post, but money does not stay in a cul-de- sac, people. it gravitates where the spending is going, so where is the money going if most of the retail area is a no go zone, even though two thirds of the economy is indeed consumer? we know there are some big themes that can't be stopped, and the biggest one is data. any kind of data. the data that lowe's collects from its loyalty program . the data that gets stored in the cloud so it can be interrogated by employees and machines looking for patterns. right now, there are individuals not spending as much because of their homes, and there are companies that will spend any amount of money

to build up computing power, which deaf -- which are going to the data centers. unless you are computer scientist, it's difficult to understand where the data is going, and which companies benefit from the newfound need for trading. i like to keep everything simple for you, and the companies with the most data that can do the most debt data interrogating, amazon, alphabet, microsoft, meta, and apple. servicenow has some data. they are spending billions, actually, on building nvidia chips, hence the anticipation of tomorrow. i remember when i was the only guy thinking about nvidia. what the heck happened? now, it's like nvidia -- i hear him talking. hey, have you seen nvidia today? not to me, to each other. what the heck?

emerson, they make money too. how about the plumbing? qualcomm, supermicro. nvidia. did you see the action, palo alto networks? at one point, the stock was down 24%, 24 points. in the wake of last night's quarter, 24 points. the stock cut that loss in half, at one point by two thirds, finishing today down $12. investors refused to hold off on buying shares in a cyber security company. they can't afford to start spending because they have to protect the data. you have to mind the data, interrogate the data, protect the data, otherwise you end up like united health group, which was hit with a devastating hack that needed to be stopped, but was on. crowdstrike's stock did not get drowned -- dragged down by a competitor. just stopping the data from being hacked. they know that crowdstrike is on a roll and customers need it

more than ever. the tech tightness to everything else, it's just animus. you can't avoid it. we have been stuck mostly talking about business to business, but lately we have been getting signs there might be another big form of spend with the consumer buying tech hardware. they are kind of just like -- let's say they could be sweetening things. i don't know yet, but we are now hearing from microsoft about a brand-new kind of pc that would replace most personal computers, one with an artificial intelligence copilot. even as microsoft makes a pronouncement with such certainty, there has not been much stock related to the revolution. hp is back to a two -- 52-week high, but that was last year when it was almost impossible. same with best buy. where you might be drawn to sample the ai powered pc. it's getting pummeled down to more than 5%. it's entirely possible it will take another whole quarter for the machines to get there, which is why, this holding is tantalizing, but it's just not tangible.

maybe we don't need to overthink it. the biggest winner of more people buying windows pcs is a maker of windows, microsoft. the biggest winner in the data war might be microsoft. the biggest winner in the web services war might be microsoft. it's hard to believe this from the pandemic, but consumers are still traveling, going to live events, hence why live nation's stock is soaring. i hate these extortion ticketmaster fees, but as an investor, i love the business model. consumers are still spending on cruises, but she's not spending on herself the way she used to, except that walmart, maybe urban outfitters. limited consumer spending, we don't have to declare it static. there will be an inflection point and the money will start going to home again. right now, we just don't have enough housing turnover. mortgage rates are still high. the lack of existing homes is good for builders of new homes. once rates come down the money flow might shift and then things will be better, but the bottom line, right now you have

to follow the money and it's currently flowing to businesses that cater to other businesses and the ones that need to interrogate the data. the rest? not much there. ain't got nothing for them. let's turn to chatham wisconsin. >> hey there, jim, how are you doing today? >> today is a great day. how about you? >> excellent. we are doing excellent as well. i had a question about a group that is going to eventually compete with aaa. the pe is a little high on it. i did get into it a little bit, around the upper 49's, get back out of it around the 69 mark. now, it's over 80. i wanted to know what your thoughts were. >> i'm very bullish. i think the comparison with chipotle -- i rarely ever say this, reasonable. it's not excessive, and i think cava is really good.

listen, you always have to follow the money when you are picking stocks. right now, it's flowing to businesses that cater to data, and also data. i'm catching up with lowe's after this morning's report to see if investigators are getting an opportunity to buy, and was a lower court assign that you should take a position out the pastor? i will give you my take. we will learn more about how hundredx is giving investors a consumer driven angle to help make more informed investing decisions, so stay with cramer. >> don't miss a second of mad money. follow @jimcramer on ex. have a question, tweet cramer. send jim an email, or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com.

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what you make of these numbers from lowe's? this morning the home- improvement retailer reported higher-than-expected sales. however, lowe's barely maintained the forecast. imagine if we gave some tepid commentary about weakness in home improvement projects, ones that i alluded to at the top of the show, which is only why the stock tumbled almost 2%. i have to wonder, did the market react? i had a chance to give -- dig deeper with the president and ceo of lowe's. marvin, welcome back to mad money. i have got to tell you, marvin, i got up, i get your email, i think the stock is up nicely, that it goes down. i think the first reaction was right. you had a sense of optimism and

a belief about both the consumer and, let's say, the professional, that we didn't hear in a competitor, and i think that what i'm seeing is a great progression and that eventually, when things get better, that inflection is hit. you are going to crush it. tell me i'm wrong. >> jim, that is our belief. we have been investing billions in our business so that we could not only weather the new term, but we can grow our business when the market improves. for the quarter, we delivered $21 billion in sales. we grew our pro-business, mid- single digits. we grew the online business positive. we delivered positive comps in lawn and garden. building materials, we reduce inventory by $1 billion, generated $9.3 million in free cash flow, and return 1.4 billion to the shareholders in the quarter, but more portly, 93% of our stores, qualify for our quarterly profit sharing bonus, so not only did we have

a good quarter in a tough environment, but we rewarded the most valued associates we have, those men and women working in our stores and distribution centers. we are not looking at the market , trying to determine our success based on how our shares trade on a daily basis. we look at the last five years and we feel great about the value we return to our shareholders and we are going to continue to invest, continue to leverage our great balance sheet, we are going to be great in a tough environment. we will be even better in the macro term. >> let's go over the switch that needs to happen, the so- called inflection. your excellent cfo, brandon singh, does say, we are not seeing that inflection point just yet. consumers remain sidelined. what is it going to take so that you do kick up to the next level? >> jim, i think this is a product of customers and consumers just waiting to see what is going to happen next.

look, if you think about just the housing data for a second and you think about, what is available, you have $33 trillion in equity available that is been accumulated in the current state of housing. you, right now, have 90% of the homeowners out there, that own their homes outright, or they have a fixed mortgage rate, and the average mortgage rate in the u.s. is 3.8%. and so, right now, customers have equity in their home. roughly, 40% appreciated since pre-pandemic. they have low rates. they have disposable income to spend. i just think they are cautious based on the interest rate environment and the inflationary environment and they are just waiting. for us, jim, we can't time the inflection point, but what we can do is invest in our business, make sure that we are

ready to perform irrespective of the macro environment, but more importantly, we know that all macroeconomic cycles are cyclical. they go up and they go down. we are preparing to be at our best when the cycle turns up, and we know that is going to happen, and when it happens, we are going to take meaningful market share based on the working investments we are put into the business. >> i think that is a great point. i was concerned about, directly, you. i figured, you have been there for five years. i have watched what you have done for five years. i thought you were over. i didn't know what more you could do, and then, it turns out, you went 30 years of not great customer relations, and you cut those rewards. this is from march. give us an early indication through spring fest, what has the rewards program meant? >> for some context, jim, you know this. there is roughly 70% of the

customer base that is do-it- yourself. we are designing a loyalty rewards program to reward these do-it-yourself customers. we focus, in the march rollout, on enrollment, and driving downloads. we have been extremely pleased with the early response. the goal is simple. we will drive one additional trip from the diy customers to the store throughout the year. that, within itself, from a financial perspective, pays for this program, plus much, much more. and so, the program allows rewards members to earn points towards my lowe's money. provides free standard shipping, other benefits and gifts, and if you are a my lowe's credit card holder you get 5% off of purchases on a daily basis. you and i know that data is the new currency, and we want to take the data that we are accumulating with this new

loyalty platform. we want to use it to create a better customer environment, both in-store and online, but we also want to personalize our offers and create an environment where these customers choose us over other competitors in the market space. what i will tell you is, it's early, and you know that reward programs are designed to accumulate information and drive multiple trips throughout a period of time, and we are really, really pleased with the early results and we think this will pay big dividends for us over the long carpet >> i have to believe it. 5% off daily is not bad i know these bigger tickets. the previous quarter you talked about how vision pros has helped. data is the currency, and the data that comes from vision pro, is it working for you? >> it's absolutely working. more importantly, jim, it's giving us the ability to track great technology partners, who want to do business with us. they want to innovate with us

and they want to be part of our strategic plan. vision pro is a great partnership. with apple, we have had great work with nvidia on ai and ai technology that we are using within our store, so we are just excited about all of the possibilities in front of us. we have 50+ active ai models. we have used it for sourcing logic, inventory planning, pricing. our focus is on creating an environment that is easy to sell, shop and work, and we are one of the first in our industry to have a custom chatgpt plug-in that allows customers to get assistance with a difficult home improvement project, and they can do it online by leveraging this custom chatgpt plug-in that we have developed. there are so many things that we are doing in addition to vision pro, that is creating an innovative environment. let me take you back five years ago but we could not even give customers and a receipt.

you think about where we have come from that. what i call prehistoric times, to partnering with apple, nvidia, some of the best technology mines in the world, and we are excited about what is to come, but we know that these partnerships will create incredible value and incredible differentiation of her time. >> i'm going to your store this weekend because i want to get my tomato baskets. what else should i be looking at that other people are buying that i should put in my car? >> jim, i love innovation. look, we have great innovation and customers are still paying for innovation. we get the backdrop that discretionary diy is down on big-ticket, and that's true, but we launched a smart store for people in urban space, you don't have a lot of area to store more. you can reduce the storage space by 70% and it has patented technology.

if you are an electrician and you want to have a quick water heater installed, a.o. smith has a 120 plug-in water heater that goes into an outlet on the wall. the number one tool brand for electricians and hvac professionals, but for you, jim, you are an avid gardener, and we have the best garden business of any retailer in this space. we have done an incredible job, not only with battery outdoor power, but the launch of toro in our business gave us incredible strength on battery and gas. anything you need for your garden, whether it be plants or outdoor power equipment, we are best in class in providing that to you and to all of our avid customers. >> i look forward to that and i look forward to getting my 5% off, and i want to thank you very much. marvin ellison, president,

chairman, and ceo of lowe's. i love it when you come on the show. thank you so much. >> jim, great to be with you. for all of the people shopping in our stores, when you see an associate wearing a camouflage best, that reflects an associate that is either current or past military for certain -- service. shake their hand and thank them for their service. we have over 26,000 associates that are current or former military working for us, and we are proud to say they are members of our team and we are proud of the service that they gave to make this a great country but >> i can't wait to say thank you to them. marvin ellison, thank you for coming on mad money. >> always great to be with you. coming up, no traction in tractors? cramer digs in to what has gone rotten with deere. next.

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it keeps beating estimates, eight in a row, seven earnings beats in a row, the stock has been going sideways for the past three years. some of that has been because we have been an agricultural down cycle, when farmers make less money on their crops, they are less likely to buy new equipment, especially when the fed raises interest rates. the cost of buying new equipment goes through the roof. make no mistake, you need financing for this big stuff. there are tractors and combines that can cost as much of the house, so even though this company delivered record sales and record earnings last year, and they have a good reputation for machinery, the stock has no respect because everybody recognizes that the whole agricultural complexes headed for tougher times. investors have been grappling. it's hard to fathom, because deere keeps reporting phenomenal results. the stock gets clobbered, and then when there might be any side -- sign at all that the fed cuts rates -- it seemed to

bottom earlier this year, then last thursday we got another beat in the lower quarter from deere , even though the results were terrific. also, cutting the sales growth outlook for production. that has been a pristine one. they said the sale would be down 20% this year, now they are saying it will be down 20% to 25%. even the sale outgrowth, 10 to 15%, all the way down 20 to 25%. as for he rest of the business construction, the forecast is unchanged but it still down five to 10%. deere also gives you an outlook for their end markets. every time they cut their guidance, it's much worse than what they see for the broader end markets. basically, they keep telling us they expect to do worse than the industry as a whole. thanks for nothing.

it makes it seem like the rest of the year is going to get much uglier. josh beale gave some color on the economy and these repeated beat and lower quarters. he described the better than expected results as good luck in the form of, for example, lower freight costs, but the environment has worsened over time. in part, because of shrinking crop margins all across the world. used equipment inventories has been rising, and persistently high interest rates have contributed to the weakening backdrop. plus, deert particularly hard because the regions are experiencing the most significant declines. that's why they keep saying they expect to do worse than the end markets as these high- margin sales dry up. what do we do with this stock? what do we do with the stock of deere now? the agricultural environment everything remains fluid. we have not reached the top of

the industry just yet. as investors sometimes we have to take a leap of faith and by a stock before the actual business bottoms. i did that a lot for chapel trust. i don't think that we are there yet with deere. i have to tell you, i am not as negative on deere as you might think? why is that? first, i like how the stock as acted since the market bottomed. deservedly so, given its ugly guidance. the stock keeps trying to go higher between those quarters. that tells me investors really want to own the stock of deere. the second, we start getting more incrementally encouraging updates, this thing could make an impressive run. then, it will be too late to get into it if we wait. second, we know this company has been squeezed by the downturn in cultural commodities, and both of these things might be improving. property prices have had a nice bounce of the last couple of months. corn is up more than 16% from late february lows. soy is up more than 10%.

i'm not ready to declare an agricultural bull market, but it is good news for deere. of 35% in the last two months. meanwhile, there has been a ton of misdirection on the interest rate front. i still believe that rates are headed lower this year, especially as we see signs of economic weakness. if i'm right, that will take care of a major headwind that has been holding tran20 four. finally, when you look at deere slowly eroding forecast, you need to know that much of the big downturn projected is actually intentional. the company recognizes it's facing a softer demand environment, so imagine if it decides to restrict reduction in the back half of the year. that's great. then, they won't get left holding the bag of a ton of inventory. this was something mentioned by several deere executives. corey reed emphasized that they don't want to create an oversupply situation like they have done in the past.

"we are focused on proactive management to ensure that we keep inventories in balance with demand. this is a key component to ensuring better structural profitability through this cycle for our business." "in short, they are trying to become less of a cyclical boom bust business. that is something the caterpillar has accomplished under the great jim appleby. it doesn't hurt that some of their products can make money. still one more example of how the company is trying to take control of its own destiny. of course, for the moment, deere is very much hostage to the down cycle. we are searching for bottom and it continues to be elusive, and things may well get worse before they get better. let me give you the bottom line on a company that has been maligned by the street and by me. if you want to take a long-term view, i don't think you should give up on deere. some of the worst headwinds

that are beyond the company's control, beyond, they may soon be reversed. in the meantime, management is doing a good job of taking control of their own destiny, so yes, deere's stock has been stuck in a ditch. i don't think you should give up on the company just yet. when things get better, they always do for deere, this stock could soar. larry in idaho. larry. idaho. whatever. what's up? >> i own 2000 shares of archer, should i stay with archer or by jovy? >> go by walmart or something. you are from idaho. don't be a potato head. i need you to think about buying something really good. archer and jovy are good. i'm coming up to idaho in june, and i will have to explain it, but we are going to be in walmart. okay? i love you, buddy.

how about eric in michigan? >> jim, i love the show. >> thank you, buddy. what's going on? >> i'm calling about general motors. i'm a longtime shareholder of general motors. i have had it three years now, and i got sloppy because i purchased in the 50s, but i also purchased in the 50s. the reason i'm calling today is, i know general motors is buying back shares, which is a positive, but i also know that you like ford and ford has a higher dividend. what are your thoughts on me flipping my shares of general motors into port? >> this buyback has really worked, and i think the stock is going higher. ford, i am betting, will come to its senses and do a buyback. then, you will wish you were in ford stock, but right now, stick with the gm. i'm not going to urge you to sell. thank you for being a member of the club. i think it's just a matter of

time for the buyback, and 'm being paid almost 5% to get it, but i can't say swap one for the other right now. deere stock has been stuck in a ditch, but management is doing a great job of taking control of their own destiny. i don't think i would give up on this one. maybe we will do some buying. much more mad money. can this data for good business model help you get through to companies you are eyeing for your portfolio? red lobster recently filed for bankruptcy, so what was behind the restaurant chains collapse? i'm thinking the endless shrimp. it ain't scampi. and, the lightning round, so stay with cramer. sup? -who are you? i'm your inner child. get in. listen, what you really need in life

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in this business, as you know from the top of the show we are trying to get a read on what exactly the consumer wants because we live in a consumer economy, two thirds of the economy. if you can figure out what people want before they want to, you can get ahead of trends, and that is very lucrative in the market, which brings me to a privately held company called hundredx, founded over a decade ago by a former goldman sachs partner, rob pace. they beat back the actual customers of more than 3200 customers across 80 industries. they are so good at collecting and analyzing consumer data, just tonight we learned that goldman sachs will start incorporating their insights into their equity research and investment banking, which you know i like so much. how does it all work? let's go straight to the source, rob pace, the founder and ceo of hundredx. mr. pace, welcome to mad money. >> hundredx, actually, you go all the way back to biblical times and see the illustration,

if a farmer puts the right seed in the right soil, you can create a crop of hundredx. >> yes, i actually knew that. that's where it came from. i thought, no one is ever spiritual in business. you have an innovative way and that, i think it's really important. a lot of people are very cynical. you helped charities get information. >> we have given tens of millions of dollars away to charity. it's a unique model. we may be the only company out there. how do you get the normal consumer to give you the feedback on the brands they use, because there are paid survey takers, loud voices on social media? i know having been the head of the salvation army at one point in my life, that we had 30 million beneficiaries just in that one charity, and every charity needs money. basically, we did a fundraiser that said, you give us this feedback, we will sponsor the charities.

>> at the same time, goldman is not a charitable endeavor, but they seem to know a good entity when they see one, so this is a very important time for you. >> yes, it's quite significant. from goldman's standpoint, they are adding the dimension of customer experience to their leading research and investment banking, so they can advise clients. i think that is a big theme, customer experience and connecting it to financial outcomes. >> you may know, like we do, that we like elf, and every time it has been hit, we like them. i saw that you have data that says we may be right. we have been big fans of dick's and we have been concerned about starbucks. those are all things i might have been able to have a hint of by looking at your data. >> we called all of those out six months ago, and my opinion means nothing, that the crowd, collectively. >> it's right more than it's wrong. we know what that means.

>> when we see a material move in our data, we know there is a two thirds probability that within two quarters that the company is going to beat or miss estimates in line with the way the crowd is guiding us. that is why goldman is so interested in this, because it provides that forward-looking headlines for the investor clients. >> should i presume that many of the retailers will be part of our database? >> yeah. we induced two thirds of the economy. we have 3200 brands. we don't just do retailers. we do financial services, airlines, healthcare. it's the full wallet of the consumer. >> do any of these companies, not pay you to skew the data, but pay you to get the data? >> yeah, that is the business model. the way we make money as we have a syndicated data product that is used by corporate leaders, and corporate leaders need an independent view of what is really going on. that's us. >> we can only have so many secret customers, who might

tell us, really, what is anecdotal. we don't want anecdotal but you are anti-anecdotal. >> yes, and we believe absolutely in the feedback of the crowd. we don't survey people. we listen to them. what i mean by that is, when you sign up for a hundredx program, you pick the brands. you say, this is why i care about, what -- why they are good, and how i'm going to use them in the future. >> you did something in this that is really rather remarkable. you talk about gop e- one drugs. i have always felt that lily is a great brand. ozempic. it's over there. yesterday, the fda said you could have a compassionate use on joe blows gop touch by. >> first of all, our data is spectacular. but, amongst them, best in

class are the lily drugs. mounjaro, double-digit improvement, in terms of patient outcomes, like lifestyle, et cetera, versus the alternative, so e had a strong point of view that they were going to emerge as the strongest player in glp-1. the other one that you focused on, what is the derivative impact? we are not seeing it in restaurants. we are not seeing it in snacks. we do see it in traditional ways you lose weight, like traditional weight loss programs, meal kit deliveries. we see those really facing headwinds. >> i wish my father was still alive because he sold doggie baxter restaurants. i can't finish the steak. that's what's going on. rob pace, the founder and ceo of hundredx, of which i am incredibly intrigued. i congratulate you on all of your success. mad money is back after the break. coming up, hit us with your best shot.

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because you know what it's always been. inevitable. ♪♪ ♪♪ the lightning round is sponsored by charles schwab, trade brilliantly. >> it is time! and then, the lightning round, are you ready? new york, rocco! >> how's it going, jim? i am wondering if you see growth in m&a, especially for companies like lazar? >> i think that lazar is good. i think things will get a

little less onerous when it comes to takeovers, so it's a really good idea. let's go to frank in ohio. frank. >> hi, jim. i had capital nrg in my portfolio for years and i sold it -- and i making money on my portfolio. >> i like it. let's go to ed in florida. ed. >> hey, jim, what you think about wms advanced drainage systems? >> another incredible infrastructure play. there are so many good ones and i keep trying to get them altogether in one particular place and i have not been able to do that. i have let people down. let's go to clinton in florida. >> hey, jim. ast space mobile has not made any money yet, not a nickel. what do you think of its potential? >> no, i want you to stay away.

we have so many great companies. you don't need to be in that one. let's go to ed in florida. >> hey, jim. new club member here. thanks for taking my call. >> of course. how can i help? >> i have a question about riva technologies? >> it's made it all the way back. hallelujah for them. i always like to those guys. i wish honeywell would sell its division to those guys. let's go to mike in pennsylvania. >> hey, jim, i'm calling about srpt. >> i have not looked lately but it's doing with rna and some really tough diseases. it has been a company that has not made money, but is about to break out and make money. i'm not going to say no to it. let's go to larry in oklahoma. >> i have one question and it's

about palantir? >> it has good commercial and good military, and they want to emphasize the commercial. i think it's fine. when it comes to cybersecurity, i am partial to palo alto, down 12. let's go to brendan in new jersey. brendan. >> hey, jim. i know you have some feelings about oil. i wanted to ask you about pvr. >> let's stick with domestic. we can follow that on the cnbc investing club. let's go to barry in florida. >> hey, jim. thanks for taking the call. i currently own a stock, and i want to know, buy, sell or hold. jacob solutions. >> these are infrastructure plays. this one is doing very well. i would want to own it. and, that is the conclusion of

the lightning round! >> the lightning round is sponsored by charles schwab. coming up, pinching pennies. why red lobster got shellshocked. next. at corient,

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nobody roots for a bankruptcy. we now know the tale of . lobster with the all-you-can- eat shrimp promotion for $20 where it got beat endlessly by customers who fasted and then chowed down. it should have remained a

limited time option and it was priced too low for the number of servings. how does red lobster not know that people love shellfish? it was a disaster. it caused bob pisani to lose $11 million. the chain has 580 locations and has been falling apart. it had no ceo and it was an accident waiting to happen. now it did not have to be this way. those of us who have been around forever remember it was the best seafood place in america with lots of deals for a limited time only and giant schooners of beer that made the place fun and inexpensive. once i got to meet the cool guys from the deadliest cash and they said they always took the best stuff but did not pay well.

it is multiple owners including the last one, which supplied the shrimp that seemed as competent as i was until i realized you need a professional manager at the home. they were temperatures. these guys did a ton of sale lease backs and the cost of labor killing them and they cannot find decent management in an environment where there is such competition for leaders. the more i examine the situation the more i realize the consumer had nothing to do with red lobster's collapse one of the creditors is a fortress and they resuscitated the darn thing out of bankruptcy. the fed chief, you might think your it comes, they are starting to pull back and getting ready to take the acts to it, but red lobster was not brought down by the disapproval of the consumer but a victim of its own mismanagement. the locations would be snapped up. they did some of the sale- leaseback's not that long ago.

red lobster is a top 20 client so it will not hurt which i like very much. red lobster is a classic case of why i cannot expect more than one rate cut from the fed. if you want multiple, you need to see good operators struggle. not like these guys. you need to see one of the four cruise lines cover the massive debts but that is not going to happen. for heaven's sake, you need to see some belly ups to take the pressure off wages. almost any red lobster employee once a job in the food service industry and will most likely get one. until we see okay outfits with the wrong merchandise start to go under, you can forget about the fed me to the rescue of the consumer because they will never cut rates with unemployment under 4%. there is not enough weakness in this business right now and a one off all-you-can-eat shrimp deal gone bad is not going to upend the all restaurant

industry but make competitors stronger. they are about to be down one competitor with a lot of great real estate up for grabs. good for them, not good for rates. i am jim cramer. i am contessa brewer. inflation's crunch, underreport reveals its impact on american households, but there are ways for investors to beat it. opened the spec it. michelle caruso-cabrera makes a big move ahead of the summer. and there is more here than meets the eye. the new conservative economics, a rapid transformation is underway. what does it mean for the relationship between big business and the gop? terror in the skies. extreme turbulence rocks a singapore aiin f