>> 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. >> hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends, i'm just trying to make a little money. my job is not just to educate but to coach and teach. so call me at 1-800-743-cnbc.

what do new all time highs mean? what is it caused in the market? now that we've reached these new heights, s&p climbing, 1.36%. come on, that's what's on everybody's list. new highs. this should be addressed because it matters to what happens next. there is a notion it doesn't count. why? being supported by fed chief. rick santelli said to these critics, the whole move is invalid. alchemy. unconstitutional. they think it's unfair.

i got a different view. i ask unfair to whom? when times are tough -- paying short sells and i'm not about betting against the fed in order to get the highest return for my rich investors. i did that. i did it for 20 years. i don't want to do it anymore. i just want to help. that doesn't mean i was right. far from it. when i'm wrong, i'll point it out. hey, i don't care. i know who i play for. i play for you. i play for the home gamers.

there's no confusion for me? they're irrelevant -- despicable me? secondly. these new highs, would panic simply unacceptable. this bull market was pronounced dead, right in front of our eyes. consider investing like it's a war. there are broad issues and coalitions where you decide how to execute. we had a systemic risk in the

market. you don't get averages cut in half without some systemic risk, the whole darn suit to match the system could implode. that called for a strategy. if you needed money that was in the stock market for something big, it had to come out. that's a huge strategic goal. i chose to embrace it in 2008 when i thought the risk favored capital preservation, i guess i can say i famously chose that because of the opprobrium my strategy was greeted with. but then with the dow cut in half and systemic risk taken off the table by the fed when bernanke said no more banks would be allowed to fail. you had to change your strategy and once again embrace capital appreciation. now, almost 10,000 dow points later, that strategy is still in play because there is no systemic risk right now.

hey, do i trim some of my gains? you know. do i go with dividend stocks? maybe i get more aggressive. high cap. growth. which am i looking for? those are all tactical concerns with the idea that you're still trying to make as much money as possible by picking sectors and individual stocks. why is this so important to you? because the vast majority of the time i've heard people speak strategically about leaving the market. they've been top callers all the way up. their strategies have been defrocked by today and revealed as derivatives of yes, panic. i have an idea. let's have a little fun. let's expose them for what they are. people who got it wrong. maybe we don't listen to them next time. they hurt us. typically, these strategic bears called tops because they didn't

like ben bernanke's handiwork. they took it personally. look around. the actions of the european central bank before the bottom and the chinese right now are exactly what these critics wanted. just like a big dice roll. hey, wow, came up strong. the fed's policies and our smart executives who took advantage of them made what's happened happen. third, i regard new highs as validators of the asset class itself. we've seen high frequency trading with policies from the government for saving. many of these issues, so poignantly described in this morning's charles schwab editorial, why are investors fleeing stocks. i congratulate him mr. schwab. no one else seems to be doing it. that means there's been no pressure on the s.e.c.

only the well heeled institutional investors favor reckless innovation and two tiered markets like the one eamon javers is exposing with precision. javers reports on how some high frequency traders are allowed to trade on inside information. now, i know schwab has a vested interest, but others have really what? why did they avoid it? even as individual investors were once the bedrock of capitalism. i'm hoping these new highs show that the market can still be regarded as a legitimate asset class for your hard earned bucks. and i know it hasn't been. it's so tarnished that you don't think it's legitimate. because of the fourth point. the other asset class can roll off right now.

bond fund so many sought refuge in, they've crushed people. small interest rate groups, hey, i like gold. you know what? that's insurance against stocks. i like real estate. but the decision is simply to buy a home or not to buy a home. thanks to the rapid decline in affordability, higher housing prices, the bottom has been missed. but stocks, kind of where the reaction is. all time highs put the market back on front page. they show that stocks have a pulse. they show they can win for you. new records for the asset class in the brief. now, remember, tactics versus strategy. the market hasn't been able to sustain these recent gains without some turmoil and pullback, 2, 3, 4%. wholesale destruction of capitalism as we know it like it was four years ago. we have weathered bank failure,

high unemployment, a vicious chinese slowdown and recently, the total collapse of the emerging markets, as well as endless scandals. and we've still been able to hit new highs. and while the cynics will say, hey, it's too late. anyone who comes in now is a sucker. stocks aren't so expensive that we can't maneuver tactically to rack up gains when individual stocks get it. and they do get hit. literally just crushed 10% within the last three weeks. to me, it's a verification that it's safe to come back to the market. not that you need verification if you're a regular viewer. here's the bottom line. clearly, the easy money has been made. the old time highs say that profits are still possible. and yes, still ahead of us. brad in utah. >> hey, jim, boo-yah from utah.

thank you for all your stuff. >> doing my best. >> hey, i watched your show yesterday. you talked about norman and hold them and fold them. so, my question is with new skin. is it a hold or a fold? >> when i see herbalife, when i see these stocks, i defer to my friend herb greenberg and he's got a red flag on new skin, so i'm going to miss the big upside. it has a big rally, i'm going to miss it. that's going to happen periodically because i don't want to get my face shot off by another stock that has been a red flag of herb's and congratulations to him for isrg. why? because you missed a big decline if you listen to herb greenberg. dan in michigan. >> just a couple of comments. want to thank you very much for your program. i think it's really needed and and you're going a great service

to a lot of people who need information, and my wife and i used to be brokers in tampa and we had a couple of seminars every week and people really appreciate it. >> thanks a lot. thank you. >> can i make one more comment and that is if in the morning you're on the air can you try and look at the camera a little more? >> it's harder than you think. i would love to be able to show that i have a fabulous steady cam operator in keith and don't have that in the morning show, which is why sometimes when i go out of the frame, i'm never out of the frame with keith. that's why this show looks the way it does. thank you, keith. >> okay, thanks for straightening me out on that. my question's about nokia. i notice that they came out with a fabulous new product this morning. a special camera that has 42 pixels on it. i have been getting very different ideas about whether that's a good investment or not.

i thought i'd ask you and see what you had to say. >> i think that some things are what i call call options on the possibility that things will go right and for the last 50, 60, 70 cents, i've said nokia is a call option on perhaps being acquired by microsoft. this is not blackberry. i think it's ahead of the game. anyway, thank you for those kind comments. everybody had nice comments. guess who's back. is that despicable ben bernanke? hardly. yeah, the easy money has been yeah, the easy money has been made, there's no denying that. but is there more to be made? yes. why don't we do it together. >> coming up, public display. from cloud computing to pan fried noodles, a slew of newbies sparked the highest ipo quarter in 60 years. but not all the offerings have sizzled. don't miss cramer's take on what separates the delicious from the dull. and later, browsing for a bargain. a more frugal consumer is

turning towards discount retailers, but which of these pennywise shops has the best chance to deliver you dollars? cramer's been shopping around. don't miss what he's found. plus, super bug scare. fears over new strains of drug resistant bacteria are spreading. its new treatments are giving doctors the upper hand against infections. could this stock keep your cash healthy? stick around for cramer's exclusive. all coming up on "mad money."

hey kevin...still eating chalk for heartburn? yeah... try new alka seltzer fruit chews. they work fast on heartburn and taste awesome. these are good. told ya! i'm feeling better already. [ male announcer ] new alka seltzer fruits chews. enjoy the relief! [ male announcer ] you wait all year for summer. ♪ this summer was definitely worth the wait. ♪ summer's best event from cadillac. let summer try and pass you by. lease this all-new cadillac ats for around $299 per month or purchase for 0% apr for 60 months. come in now for the best offers of the model year.

[ agent smith ] i've found software that intrigues me. it appears it's an agent of good. ♪ [ agent smith ] ge software connects patients to nurses to the right machines while dramatically reducing waiting time. [ telephone ringing ] now a waiting room is just a room. [ static warbles ] these are sandra's "homemade" yummy, scrumptious bars. hmm? i just wanted you to eat more fiber. chewy, oatie, gooeyness... and fraudulence. i'm in deep, babe. you certainly are. [ male announcer ] fiber one.

maybe i should take more vacations.

i'm off for one week. celebrate my dad's birthday at geno's in south philly and suddenly, the market can't stop roaring higher. after this rally, we've got to have a high quality problem going here. given how much stocks have run, you might be thinking that the easy money is made in the market. that's true, but doesn't mean that the risk reward isn't just as fabulous as it was a week or two ago at the right price. but there's one place where you can still make a bundle quickly. a place where the wall street investment bankers are practically giving away money. whenever we hit a rough patch, like we did in may and june, investment bankers will do everything they can to lure you back into the casino. these firms under price the stocks of companies they take

public, so they spike higher over and over and over again. i don't think they're going to stop anytime soon. just consider the remarkable performance of the ipo market in the second quarter. this was the best quarter for ipo activity since 2007. we had 61 deals in the second quarter. holy cow. almost double we saw in the first quarter and they gave you a staggering total return of 21%. the performance of these ipos looks even better when compared to the increase in the s&p 500. ipos, they're the way to go, but you have to be selective because not every ipo is a winner. that's why we want to look back at what's worked in the second quarter. i think we'll see something very similar for the rest of the year, so when you're doing this kind of analysis, the most important question is what are the commonalities? what do the winners have in common and the dog eat dog ipos,

the losers, also share. you have the ten best performing. the thing that stands out is that these are all growth stocks. nine out of the ten best ipos were companies that were unprofitable. the only exception was noodles. that's noodles and company, if not son of chipotle, could be a second cousin once removed. more than doubling in its first day of trading, but the other nine have no props to speak of. four of the ten best, tech. biotech. consumer names. noodles, as well as fairway holdings, grocery store chain, which has been a remarkable performer. the best performing group was consumer ipos. that's incredible.

tech ipos up 33%. healthcare's the strongest sector in the market, but not in the ipos. two energy ipos gave you an average of 10%. four material deals, four capital goods companies barely beat the s&p, rising just 2.9%. the only sector was communications, where we had two deals down for the quarter. hey, isn't that ironic? this was supposed to be the year of the m&a deal. now that the only deals seems to be the communications department and it's the ipo team that's still in the hearts and minds of investors and bankers alike. so, why did tech, biotech put up such remarkable numbers? so for, 2013 has been the most active year for biotech ipos in over a decade. more later stage biotech firms out there that are better run

and the fda has gotten downright friendly when it comes to approving a new drug. all of biotech has been helped by a remarkable run of the four horsemen. >> buy buy buy. >> celgene, yes, bob did tell us that would happen last year on the set when stock was in the 60s. it's doubled. gilead, biogen idec and regeneron. four stocks, i've been saying all of 2013. now, a big pipeline and i particular want you to keep your eye on conomid and a big early stage pipeline. also check out envision health care holdings, the largest ambulance service company in the u.s. how about the strength in tech

ipos quarter? a lot of the best were enterprise software companies. what i like to think of as salesforce.com, i told you it was coming back. keep an eye out for more of these software as service companies. i like this one, it's called retail me not. you know, like retail me, retail me not. coupon marketplace. two growth names i already mentioned, as well as sea world, which i told you to get a piece of before it came public. here, i want to you to keep an eye out for the upcoming nieman marcus ipo, as well as sprouts. now, before we go over the worst performers, i liked the housing ipos, but interest rates spiked in the second quarter.

while i still believe in housing long-term, i think you need to approach any with caution because so many investors have been spooked. plus, housing affordability has plummeted with prices going up in too short a period of time. how about the second quarter? out of the the ten worst performers, three were real estate investment trusts, which isn't surprising. the other worst performers were dragged down by companies pecific issues. for example, one of the worst performing ipos, go go. no, it's not a strip joint. inflight wireless access on planes. massive capital costs. still needs to build out enormous network. even in a roaring ipo market, you still have to do your homework. i would love more communication ipos. these stocks are red hot. the strongest sectors were tech, health care and all things consumer. after reviewing the great data from renaissance capital, going

forward, you need to focus on these three groups. you should be able to pick some serious winners especially when i believe the game has been tilted to let you win. after the break, i'll tell you more. >> coming up, browsing for a bargain. a more frugal consumer is turning towards discount retailers, but which of these pennywise shops has the best chance to deliver you dollars? cramer's been shopping around. don't miss what he's found. in a world that's changing faster than ever, we believe outshining the competition tomorrow requires challenging your business inside and out today.

at cognizant, we help forward-looking companies run better and run different - to give your customers every reason to keep looking for you. so if you're ready to see opportunities and see them through, we say: let's get to work. because the future belongs to those who challenge the present. that's me... i made you something. ♪ i made you something, too. ♪ see you next summer. ♪ [ male announcer ] get exceptional values on the highest quality cars at the summer of audi sales event. ♪ since aflac is helping with his expenses while he can't work, he can focus on his recovery. he doesn't have to worry so much about his mortgage,

groceries, or even gas bills. kick! kick... feel it! feel it! feel it! nice work! ♪ you got it! you got it! yes! aflac's gonna help take care of his expenses. and us...we're gonna get him back in fighting shape. ♪ [ male announcer ] see what's happening behind the scenes at aflac.com.

yesterday the dollar store stock shot through the roof. thanks to a better than expected deal from family dollar. the pin action caused dg the largest player in the space. what the heck is going on here and what should you do about it? remember, the dollar stores are trade down plays. they do better to reveal squeeze in economies not so hot. right now, consumer confidence is at a six year high. employment getting better, slowly. housing's better. economy feels like it's improving, so how is it that family dollar and dollar general are rocking? maybe it's got to do with the nature of the barbell economy. sure. maybe consumers in general are feeling confident, but there are a lot of people who feel the pinch from higher payroll taxes, expensive gasoline going higher next week and stagnant wages.

plenty of people who have never set foot in a dollar store six or seven years ago, now go there regularly. i go, too. why? because i find they're a great place to buy jumbo packages and good and plenty. this one, i got this the other day, they got mad at each other. these are my favorites. anyway, even though up six cents on the year, never mind. some people say listen, jim, fido just imported a deal. not exactly. family dollar soared yesterday because the quarter was better than feared. the street was looking for a c

minus. brought home a b minus, they gave it a gold star. that is not as much of an achievement, reported at the beginning of january, it missed the numbers badly. also slashed its full year guidance. that's why from december 3rd to january 3rd, they lost their founding. then reported in april, missed the street's estimates by a penny this time and lowered its guidance again. going forward, the company's about to be facing some tough comparisons and fdo's management has said sales of more discretionary items have been under pressure. gross margins, maybe they have peaked. although, you know, they still make a ton of money on these. see that private label? >> now, if you have to buy an

old fashioned dollar store, buy dollar general. why? the ramp in the second half resulting in 4 to 5% growth. 10,000 new stores across the united states. 10,000. as the six a year holy cow and the remodels. dollar general is the better company. it's also cheaper. with a 15% long term growth rate. it's got a lower 12% growth rate. that's why i feel comfortable recommending dollar general. however, i'm not jumping, well, i'm actually not jumping up and down about the dollar general trade.

the play that excites me, five below, which i thought was an outdoor camping gear store. i like to think of it as the $5 store, okay? because everything they sell costs five bucks or less. as a matter of fact, when i was with pop this weekend, he said let's go to below five, which is actually a better name but they're trying to play on that whole recreational equipment thing. there's not a difference. what really sets five apart is that unlike fdo or dg, five below is still a small up and coming regional to national growth story. company has just 258 stores in 18 states. the philadelphia guys who started it, i love those guys and i got to tell you, wow, these are nifty, aren't they? philadelphia phillies. think they did well last night? not. management thinks they can only grow the store base to 2,000 locations in the united states. that's how five below can get

away with expanding at an astounding 30%. an acceleration from 26% last year. and in the latest quarter, the company delivered a solid 4.2 increase in same store sales. now, five below has already given you some tremendous gains to the point where the move here might -- well let's say it's going to give you some pause. company came public a little les than a year ago and if you got it public like i told you to -- i don't like these. up here, that's five below selling for 41 times earnings, which may sound super expensive, but it's actually pretty reasonable considering the long term growth rate. no. ray-bans. no. the stock is up 18% for the year and i'm confident that it can keep going higher. in fact, i think this is a terrific opportunity, because

the may-june sell-off brought by rising interest rates knocked five below off its pedestal and the stock is nearly five below its highs. couldn't resist! why do i think that five below has what it takes to keep rallying? because the stock has taken two major body blows in the last six months. two huge secondary offerings. each time, it comes back with a vengeance. five below sold 13 million shares in late january and after that, the stock went to rally $42.50 in march and on june 26th, the company sold 6.9 million shares for $36. the stock had been trading at $38 and change right before that. already snapped right back to there. i think this rally is far from over. when the market can digest so many shares so quickly, you know there's a ton of demand from the big institutions, so here is the bottom line.

sure, family dollar roared at yesterday after reporting a better than expected quarter, but don't let that trick you into buying the wrong dollar store. a huge part of family dollar's beat was because the expectations were so low. if you have to own a traditional dollar store, then i say go with dollar general. but for me, i'd rather stick with five below. rapidly expanding growth story. on wall street, only on wall street is $5 cheaper than $1. that's the opportunity you can give them with five below. i say take it. hey, let's take some calls. barbara in iowa. >> this week in your section cramer's survival guide, you said your first rule was to know your stock, which set me thinking. which stock do i personally know? at christmas last year, i purchased under armour clothing

for each of our six grandkids. now, it's hot in iowa. i see lots of summer garments. is it a good stock investment for me? >> i think so. i regard under armour as being a technology stock. they have developed -- see that stock, they developed new cotton, new formulas of apparel that kids love and older people are liking, too. i think under armour's a great choice for you. okay, the winner of the dollar showdown. i've got five dollars. i got rogers and bart. i would stick with five dollars. then dollar general and then i would come up with the family. don't move. lightning round is next. ♪ ♪

♪ ♪ [ male announcer ] the all-new 2014 lexus is. this is your move. [ male announcer ] the all-new 2014 lexus is. help the gulf recover, andnt to learn from what happenedg goals: so we could be a better, safer energy company. i've been with bp for 24 years. i was part of the team that helped deliver on our commitments to the gulf - and i can tell you, safety is at the heart of everything we do. we've added cutting-edge safety equipment and technology, like a new deepwater well cap and a state-of-the-art monitoring center, where experts watch over all our drilling activity, twenty-four-seven. and we're sharing what we've learned, so we can all produce energy more safely. safety is a vital part of bp's commitment to america - and to the nearly 250,000 people who work with us here.

we invest more in the u.s. than anywhere else in the world. over fifty-five billion dollars here in the last five years - making bp america's largest energy investor. our commitment has never been stronger.

it is time for the lightning round. are you ready skeedaddy? lightning round, start with elizabeth in florida. elizabeth. >> welcome back.

i'm calling about -- with the former ceo maintaining shares and holding on to its position as product officer, do you feel this will be able to navigate -- >> yes. a winner, which is why, buy, buy, buy. anthony in virginia. >> boo-yah. hey, i was calling to ask you about natural resources. symbol anr. >> a play on coal. if you like coal and you think it's going to go higher, then why not step up up to the plate and buy joy. i believe alpha can go up, but it's a spec. let's go to watson in pennsylvania. >> sgt. cramer, watson here. cramer, your assistant with the preparation first.

>> always is. always is. today i saw you and your dad come down for some burgers. >> we were scarfing down some cheese steak. >> my first job as window man at geno's, made a buck an hour. my stock is -- >> it was so fabulous. let's make money. >> yeah, exelon's my stock. >> you and i both know it's not my favorite, but i believe the interest rates stable, it can go up and when that happens, sell, sell, sell. steve in massachusetts. >> greetings, jim. a couple you recommended, micron technology, i tried to buy it with a limit order. it has jumped up to the 14. it's back down now to the mid to high 12. i don't see anything different with the fundamentals. is this a buying opportunity? >> here's what's going on. we had number semiconductor

companies making more fabs, making more equipment to be able the produce more semiconductors and the kind that micron makes, so micron goes down because people feel there's going to be a supply problem. it might go down to 11.5. i don't think it will, then pull the trigger on the rest. rob in new york. rob. >> big boo-yah to you, jim. i enjoy watching your show and appreciate you as a teacher. >> nice comment. >> i've got some extra money. would any boeing complement this position? >> yes. boeing. oh, man. jim mcnerny. i have heard about that interview 100 times. it's the conclusion of the lightning round. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros

with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. why let erectile dysfunction get in your way? talk to your doctor about viagra. ask if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain; it may cause an unsafe drop in blood pressure. side effects include headache, flushing, upset stomach, and abnormal vision. to avoid long-term injury, seek immediate medical help for an erection lasting more than four hours. stop taking viagra and call your doctor right away if you experience a sudden decrease or loss in vision or hearing. this is the age of taking action. viagra. talk to your doctor.

i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh...no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much access geico 24/7. sounds a little too good to be true sir. i'll believe that when pigs fly. ok, did she seriously just say that? geico. just a click away with our free mobile app.

i'm always trying to make this the most interactive show on television, even more

interactive than say "you can you can dance," so when viewers keep calling about the same little known stock, i do my best to do my homework, which brings me to trius therapeutics. $470 million biotech with a nine dollar and change stock. it develops antibiotics that fight drug resistant bacteria and the lead product could get fda approval for skin infections by mid-2014. there are a lot of risks with any development stage biotech, but this drug might have the potential to do a billion dollars peak sales. it's small, it's been on such a huge tear. it's more than doubled, over 9% today on no real news. i recommended it in early may, then i told yout to ring the register a week and a half later at $8.27, i thought the stock had become too hot to handle. please do not chase this one on

the way up, and if you're going to buy, we must use limit orders. let take a deeper dive with the ceo, learn more about his company. welcome to "mad money." how are you, sir? have a seat. >> it's a privilege to talk to you and the audience. since we're red hot, i thought it would be appropriate if i gave you some protection. >> you know, when we say red hot, williams-sonoma, talk about red hot, a good thing and the reason is because there's some real genuine excitement, but not fraud. it looks like the fda's decided, this kind of resistance to drugs, we got to make everything possible in the pipeline to work. because this seems like they're doing it quickly. they're really supportive. >> well, it's a real mindset change. we've been through the ups and downs there. we saw the passage of the game

act last year. actually, a year ago this week. >> use that because it's an acronym. >> literal act of congress passed almost unanimous support of both houses of congress of democrats and republicans. so when is the last time you've seen that? >> we all seem to know there's these superbugs that people are are less and less able to fend off. >> absolutely. so, from 1983 to 1987, 30 years ago, there were 16 new antibiotics introduced. in the last five years, guess how many have been introduced. >> we had -- >> two. so in that intervening 30 years, those bugs as you call them, have not been sleeping. they've been evolving resistance to all of the existing antibiotics, and every year in the united states about 100,000 people get, die of antibiotic resistant bugs that they get in

the hospital. so, it's a huge problem in the u.s. and globally. >> now, also, the fda has been just in the last few weeks, has been saying how important this issue is in terms of green lighting at least your philosophy towards new drugs. >> absolutely. just in the last several weeks, there have been two draft guidance, basically instructions to companies on how to develop antibiotics to treat these resistant infections. >> seems to be use the way trius is using. >> just looking at the guidance is very telling, but even more telling is the attitude in the room. so companies like trius and other companies, you go into these meetings with the fda and they are incredibly helpful and looking for opportunities to help guide you much more quickly through the regulatory framework. >> you've got great presentations and one is that you look at your drug versus

linozolid, about how much needs to be taken, and also, how quickly you can get out of the hospital, competitor has two ivs. you have one iv. this is also an attempt to get people out of the hospital quicker. >> those 100,000 patient that is die every year in the u.s. due to resistant infection are getting those in the hospital. it's a short course of therapy, which you see here. it's working in about half the time that most antibiotics work. it's a single, either intravenous infusion or a pill once a day for six days total. >> and we also know you're out to try to get it for pneumonia. i know people who have died of pneumonia in hospitals that they didn't go in with.

>> at the turn of the 20th century to halfway through the 20th century, the three biggest killers of americans were bacterial infections. pneumonia was the top one. tb and bloodstream infections. >> can you give me the time frame? you're very honest about how you've got a certain amount of money in the bank, different studies. you talked about breaking even in 2017. you're not seeming to have enough money in the bank right now to get to 2017, so you either have to make partnerships or issue equity. >> at the end of q1, second quarter results. >> results turned out to be significant. >> but we continue to execute our strategy. we're making it available to patients worldwide. first part of that strategy was to partner with bayer pharmaceuticals. bayer aspirin, also cipro. they've been a fabulous partner. basically, that's everything out

of united states and canada and eu countries. >> if the stock jumped to $10 tomorrow, you're not going to pop a secondary on us. >> we don't know at the moment when we'll be raising capital, but what's really important is to make this drug available to patients globally, so we hope by the end of the year to have a transaction that will make this drug available to people in the eu. we will continue to focus on commercializing in the united states. >> excellent. thank you to jeff stein, president and ceo of trius therapeutics. we've got the mitts, but also a company doing a lot of the financial gun right in his face company doing a lot of the things the fda wants to do. ♪

♪ honey, is he too into this car thing? [ mumbling ] definitely the quattro. ♪ honey? huh? a5. what? [ sighs ]

did you say something? ♪

is the great bank rally of 2013 over? sure has felt that way the last few days. that's not good news ahead of a raft of bank earnings. wells fargo and jpmorgan, we hear from tomorrow morning. i find myself staring the financial gun right in its face with both stocks being core positions in my charitable trust and because i'm interviewing jamie dimon tomorrow morning on the floor of the new york stock exchange. what makes me so nervous about the group? the paychex problem. couple of weeks ago, we interviewed the terrific ceo of

payches after the stock got clocked. expected much more than he could deliver. they thought paychex could make a lot more money on the float. just go out and they figured there would be more business formation than there was, so banks are facing a similar dilemma. while rates have moved up in a way that should be favorable for banks as they can invest risk free at higher rates than what they pay you for your cds. there just hasn't been the same repricing yet. that's what investors crave. meanwhile, there are two nasty head winds, one new and one old, that don't affect paychecks, but sure affect the banks. it's always some fed. that banks need the raise more capital. what the heck does the government want? government want? we're lending to grow the economy, more regulation that makes bankers gun shy, yet new businesses and construction where per se and therefore, too

dangerous for the guys to lend to. at least right now. plus, these regulations are at cross purposes with investors. maybe the fed won't let the banks and shareholders. rates have gone up so speedily that mortgage sticker shock is the order of the day. that and the decline in housing affordability have frozen the best part of being a banker. any decline in those revenue lines is going to sustain profitability. the good news, a week later, it's back to where it was. some news is because the fed has quieted interest rates down without having to buy a lot of bonds. banks don't have that high dividend. so, i think the bank stocks will get hit, but when the smoke clears, we'll be one quarter away from better net interest margins, so hang on for the ride and if you don't have bank stocks, get ready to pull the trigger on weakness. see, it's too hard to jump out and then jump back in. the bank stocks are momentarily precarious in a market that's in total bull mode, which means

tactically, they are not the place to be right now. of course, without hearing the conference calls and talking to jamie dimon tomorrow, this could be a premature call. the stocks aren't lying. stick with cramer. when we made our commitment to the gulf, bp had two big goals: help the gulf recover, and learn from what happened so we could be a better, safer energy company. i've been with bp for 24 years. i was part of the team that helped deliver on our commitments to the gulf - and i can tell you, safety is at the heart of everything we do. we've added cutting-edge safety equipment and technology, like a new deepwater well cap and a state-of-the-art monitoring center, where experts watch over all our drilling activity, twenty-four-seven. and we're sharing what we've learned, so we can all produce energy more safely.

safety is a vital part of bp's commitment to america - and to the nearly 250,000 people who work with us here. we invest more in the u.s. than anywhere else in the world. over fifty-five billion dollars here in the last five years - making bp america's largest energy investor. our commitment has never been stronger. has oats that can help lower cholesterol? and it tastes good? sure does! wow. it's the honey, it makes it taste so... well, would you look at the time... what's the rush? be happy. be healthy. ♪ [ male announcer ] some things are designed to draw crowds. ♪ ♪

others are designed to leave them behind. ♪ the all-new 2014 lexus is. it's your move. a friend under water is something completely different. i met a turtle friend today. avo: whatever you're looking for, expedia has more ways to help you find yours.

don't miss tomorrow "squawk on the street." i go one on one with jamie dimon. there's always a bull market somewhere. always trying to find it just for you. i'm jim cramer and i will see you tomorrow. >> what do you have to say to the public, to your investors? >> narrator: bernard madoff masterminds the biggest ponzi scheme in american history. >> are you sorry for what you did? >> i would say he is the charles manson of the investment world. >> narrator: once living in the lap of luxury, now this is what he calls home. but bernie madoff isn't going away quietly. >> bernie, in a loud voice, said, "[bleep] my victims." >> narrator: what is life really like for bernie madoff behind bars? >> every time i saw him, he had a smile on his face, you know?