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tv   Mad Money  CNBC  March 10, 2015 6:00pm-7:01pm EDT

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world. >> it can be exciting. >> i think it's exciting because i think the stock is going higher on the call buying. >> i'm melissa lee. thank you for watching. see you back here tomorrow at 5:00 for more fast money. meantime do not missth anniversary celebration. jim 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 cramerica. other people want to make friends. emp on today i want to safe you a little money. my job is not to entertain you but educate you. call me at 1-800-743-cnbc or tweet me @jimcramer. all right. even though we're ringing the bell in the morning, even though it looks like a great day to start, here we are again.
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in one of those sell, sell, sell moments. where the pain is pal bl. if you own stocks even stocks, you're losing money. dow tumbled 333 points. s&p plunged 1.7 0%. nasdaq nose dived 1.67%. i bet you they don't have me back ringing the bell any time soon. our "mad money" team got to partake in a tremendous honor. that's the ringing of the bell on the floor of the new york stock exchange as part of our 10th anniversary week. it is worth going over why people are selling stocks. and why i can't blame anyone for wanting out. even though there's nothing truly earth shattering happening. nothing that would make me want to yell fire in a crowded theater. before i go over today's action, let's recall that in 2007, and more importantly in 2008, i did actually yell fire quite a bit because an inferno was first smoldering then raging. to sit there calmly and let your
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portfolio be burned to a crisp made no sense to me back then given you could get out of the theater while the getting was good. so for those who say he's just a permable, let me remind you during this anniversary week 10th anniversary, that i took the most heat in my career when i risked my career because i suggested that people take their money out of the market the fall of 2008. many were urging you to stay the course. it was right to sell everything. because the decline were so horrific they most definitely had to be side stepped if you could do. if you saved then made a great deal of money if you sold when i said sell everything in october of 2008. and then bought stocks back in march 2009 when i agreed with the late great cnbc anchorman mark haynes who famously called the bottom six years ago with the market's absolute nater. sure, you could have stayed in your seat and after the initial
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pummeling. could we please stipulate if you did it my way it was way better if you were nimble and sold everything because the market declined almost 50% from my sell call and rebounded much more after i turned positive. i'm not trying to toot my own horn here. that's not the purpose of this. what's more important is why i made that sell call, that sell everything call in 2008 and why i'm not making it now. that's what i want to talk about. even as i acknowledge i don't like this market right now i don't like the market short term. i recognize it can and most likely will go lower. what's the difference between now and 2008? where do i start? first back then the market faced what's known as systemic risk meaning the whole system was in jeopardy. i don't know how else to describe a moment when gigantic companies were going under and the entire banking system was teetering on a razor's edge. a stock market facing those horrors that had been up and up away for many years was simply
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not a good place for your capital. i didn't want your retirement money in there your tuition money. these days we've again experienced the same kind of remarkable run we had leading up to the great recession. a week ago we were talking about taking out nasdaq's high from the year 2000. remember that? something that seems very unlikely now after the recent tumble. no one's disputing that stocks have put up dramatic gains. there's also no doubt that the stock market's gotten more expensive over the past few years even as the earnings have gone up and interest rates have gone down. the overvaluation of both counts. this epic run presents real challenges. right now, we have an economy that's starting to produce a great deal of jobs in this country. which is very good for stocks of companies that are located here and, therefore arguably good for their profits. but we may be losing the profit of low interest rates if the federal reserve takes counsel of those who fear the economy is overheating. i'll give you more on that later. so what is the worry?
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put simply we have a lot of companies that do business overseas and their earnings are going to be hurt because the dollar has gotten stronger and stronger and stronger even since the companies reported. something that would be exacerbated if the fed were to suddenly raise rates in reaction to last friday's strong employment number. multinationals including many of our tech companies would see their earnings estimates slashed because of the downturn in exports that happens when other nations debase their currencies as so many are doing right now. the stocks of companies that sell goods overseas would come down if the friends strong dollar and higher interest rates continue. it's axiomatic, people. plus we could have a real crisis o ourn hands if some companies based in these countries borrow money in u.s. dollars and now need to pay back the loans. that's something that might happen particularly in brazil but also mexico. it's what we'll be talking about every morning and every night if this keeps up. it is what happens when currencies are in freefall, and
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they are. what the heck does this have to do with your american stocks? simple. many of the big u.s. mutual funds, that specialize in bonds have invested in these countries with weak currencies to pick up slightly better return from bonds than if they just stayed here. they are now getting killed. getting killed because of the strong dollar. they're sell everything they can in order to raise cash. that's putting even more pressure on the system on the weak currencies, which will then come back and hurt our companies' earnings. it's all a big circle. let's review. international companies will see earnings damaged by unfavorable exchange rates. meanwhile the stocks like utilities, oil master limited partnerships and the high yielding drug and consumer products companies are also getting crushed. you saw that all day. the oils are being obliterated by low energy prices. the consumer product companies are losing business to foreign companies and their dividends don't protect their stocks anymore from these declines because risk-free interest rates
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in the united states might be going higher. people are anticipating that. higher rates means tough competition a bond market that hasn't offered competition in years. so considering all these negatives, how come i'm not yelling fire? how come i'm not revisiting 2007/2008? one simple reason. despite all those concerns i just gave you, we do not have systemic risk. we aren't about to fall apart at the seams. our banking system is well capitalized. perhaps the best it's ever been. the consumer is healthier than any time in my lifetime. thanks to a strong job market, lower energy prices, and an aversion to debt because of the rate recession. if you're selling everything now, you're taking a meat ax to your portfolio when you need perhaps a scaffold or even a knife to trim back the small percentage of stocks belonging to companies whose earnings are at risk if interest rates go higher and it is by no means certain rates are going to spike
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here, especially given how low rates are in europe right now. really you would just be selling their bonds and buying ours. that should keep a lid on interest rates. in other words, stocks have had a big run. there's earnings risks to some of them. definitely. more than usual, frankly. and after such a huge rally some profit taking makes sense. this selling is rational. market's now about flat for the year. we're about to start 2014 gains. close watchers of this show know what i have to say about this. i always say that bulls make money, bears make money and pigs slaughtered. so, again, if i don't like the look of the market, how come i'm not urging you to -- >> sell, sell, sell. >> -- dump everything? put it very simply, this is not 2008. they always feel like it's 2008. there will be people come on tv tomorrow and tell you it's 2008. they'll say it's wildly overvalued, that it's crazy. thai going to say that. i'm going to tell you that there's price risk to stocks but not systemic risk to the economy. only the most nimble traders can
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dodge price risks. everyone needs to dodge systemic risks. one thing we learned over the last decade is it's way too difficult to get out then get back in again unless you're facing the kind of catastrophic risks we saw in 2008 and that's just not the case now. i'm not going to get you to -- >> buy buy, buy. >> sell, sell, sell. >> -- not trying to get you commission dollars. i think we're merely facing a market that's run a great field where some stocks are vulnerable because earnings estimates are too high. others will go down with the rest of the market if they don't deserve to. when the market is settled in, we'll buy those stocks. let me put it another way. it was unnatural we kept crying with reversal for so long. this selloff is a normal reaction based on legitimate worry that could impact a big swath of the narcotic. we've had these kinds of downdrafts all the time. the bottom line is if i were the kind of guy that shouts fire in a crowded theater with every reversal like this then this show wouldn't be worth watching. it certainly wouldn't be on for ten years.
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instead i have three simple but painful words for this particular moment. stay the course. you see, we'll get through this one and after ten years i think it's safe to say we always do. let's go to cody in minnesota, please. cody? >> caller: hey, jim. i own chesapeake energy and devonenergy. at these levels are they worth holding on to for the ong term after this long ride down? >> i don't think chesapeake is. i think chesapeake's a pretty damaged company. i think devon is overvalued but can come back. at this particular juncture i think the oil companies have a lid on them. you're not getting any kind of yield. you're not going to pick up any income while you're at it. it's not for me. they're not for me. i wish my charitable trust owned no oils. we own one. that's enough. cramerica yes, i'm saying it, stay the course. just like we have over the past ten years we're going to get through this down trend. okay? this is not systemic risk.
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i'm guaranteeing that it's not systemic risk. all right. much more "mad money" ahead including my take on why understanding a boring topic like the strong dollar can be crucial to your money and your portfolio. from the model t to the mustang. ford has been flexing its american muscle for more than a century and made a lot of money during the downturn, ford. i'll see what lies ahead for the automotive legend when i take a spin the ceo. i have a special mystery guest who's so secret my staff hasn't told me who it is yet. it's driving me crazy. never know what will happen when "mad money's" 10th anniversary edition continues. stay with -- [ bell ] -- cramer. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter. have a question? tweet cramer, #madtweets. send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc. miss something?
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head to madmoney.cnbc.com. ♪ at mfs, we believe in the power of active management. every day, our teams collaborate around the world to actively uncover, discuss and debate investment opportunities. which leads to better decisions for our clients. it's a uniquely collaborative approach you won't find anywhere else. put our global active management expertise to work for you. mfs. there is no expertise without collaboration.
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i know what you're thinking. strong dollar, strong dollar, strong dollar. i mean, enough already. tell me something about the companies i care about. tell me something that can make me some money. i don't want to hear about currency. i don't trade currencies. i have dollars in my pocket, don't feel like they're making me richer. what's the deal? try to make me some money. give it a shot. you know what? i sure want to do that but i have to tell you what it is like to be me trying to satisfy what you want and at the same time put things into context which is what i have tried to do every night for the last decade. in fact, let me give you insight into the way we put this show tonight. last night when i was working on yesterday's show i saw my friend and partner david faber break in on cnbc with an announcement that call comequalcomm, the brain behind every cell phone would begin a massive buyback a $15 billion buyback. $10 billion of that in just the next 12 months.
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plus the company decided to boost its dividend by 14%. this is astonishing news. ♪ hallelujah ♪ a major growth company with the best cell phone intellectual property announcing a huge buyback and the difvidenddividend, that's what you'd expekt from a value stock. what a bargain. what an opportunity! saw them right in my top for last night's show, watching qualcomm tick up 71, 72, 73, 74, 7 and think to myself, darn it all, what was i doing here? why didn't i think to tell you to buy qualcomm? i remembered back to the last conference call, dropped the bomb they lost a huge contract, samsung and the stock sunk to the low 60s. i didn't want to recommend it because i couldn't envision what could make the stock go back to the 70s where it was before the bad news hit. i was furious with myself. i should have realized qualcomm has a terrific ceo a fantastic reputation for returning capital and it was a solid bet that i pish i wished wished i had pushed you.
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congratulations to the people who own qualcomm. take a look at what happened today. the stock with the best news best news possible that a company could possibly announce opened up 2 buxcks and proceeded to get its head slammed and closed down. you think, cramer, i'm sick of the strong dollar. i come back and say wait a second, here's a company that announced the best news possible and went down on the day because of the strong dollar's influence on the entire market of which qualcomm is definitely a part of. as i was finishing up a segment of the show last night, sky works solutions, a favorite semiconductor stock of mine, was being added to the s&p 500. the holy grail! you know what happens when that occurs. the stock flies up and explodes higher. i thought to myself, should have -- i was thinking, petsmart is coming out of the s&p 500. that was getting a takeover bid. something had to go into the index. i said to myself, geez, come on, that game's too difficult to play.
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still, there i was watching this stock trade up last night 92, 92 1/2, 93, 94. saying, geez. i know i shouldn't get too down about all this macro talk because when i do that i'm going to miss something like sky works solutions. sure enough, sky works which was at $94 remember when i left the studio last night opens up just 20 cents then closes down 92 cents. down! why? anything involving sky works hardly, sky works is a stock and in the end, it is captured by the board techs of the market. even when you get an automatic couple of points that comes with the admission to the s&p almost every time, this is again a perfect example of why i have to talk about something boring like the dollar. sky works should have just been money in the bank. okay. how about a company like hewlett-packard? huge upgrade today from ubs. that's a situation that i said to david faber this very morning when we were ringing the opening bell i said, listen what's the
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key to the market? i'll tell you the key to the market. this is an old phrase we used in the 1990s. when we were on with mark haynes. i said this is the key it will tell you how the overall market is doing. the upgrade seems to good, so well reasoned. the stock had been down for days. it talked about the opportunity for ceo meg whitman to make hay. it was just so easy for her to -- kind of upgrade that people really could sink their teeth into because there was so much opportunity to it. sure enough, every stock was down on the board. it was like a sea of red except for hewlett-packard, it was up 40 cents bucking the overall trend. it looked terrific. i said yep this is going to be the bellwether. well, next thing you know a wave of selling comes in. why? first, again hewlett-packard is part of the s&p 500. so it will be brought down as part of the gravitational pull of any stock in that index. as hedge funds and mutual funds short the s&p to protect the rest of their investments or sell a futures outright to lock in gains. second, the analysts might like the stock but many other
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analysts who follow hewlett-packard have earnings estimates that are way too high. why? because of the strong dollar. that's because hewlett-packard does a tremendous amount of business overseas. when i looked at the research at the opening bell, this was by far the biggest hold to buy call of any major broker this morning. number one call. and yet the stock could not close up. it ended down 28 cents. not bad. then, again, i mean, i don't come out here to say,ly listen, i got a stock only down 28 cents today. let's put it all together. if you can't get a rally off the biggest research call of the day, if you can't get a rally off a stock being added to the s&p 500 and can't get a rally off one of the largest buybacks in the history of the stock market, what the heck does it matter if i talk about stocks today? the vast vast majority of stocks just couldn't buck the trend that's caused by the strong dollar. so in the end when you have days like today where the killer is unseen, you have to recognize that we are not in good shape in this market. certainly not good enough to withstand an onslaught.
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far better just to recognize the pattern that says, hey look, the dollar keeps going higher, and there continues to be currency turmoil we will be going lower in the stock market until and unless something major happens to counteract that trend. maybe a big change in the chinese economy or more important, terrific economic news out of europe that makes it so the european central bank doesn't want to continue to wreck the euro to help us bail out the continent. so let me give you the bottom line here. you have to understand that after ten years of doing this show, i reck fliz if there's a trend that defeats my best individual stock ideas you have to respect that trend and wait until it reverses or at least becomes a lot less ferocious like it was today before you can up-end it and go against it without getting smacked around the head so hard that it just isn't worth it to try. all right. coming up, two major "mad money" guests. the ceo of ford and a mystery guest making a surprise appearance for our 10th
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anniversary celebration. hey, look, this one is so top secret my own staff won't even tell me who it is. stick with cramer.
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longtime viewers know we've been partial to the ford motor company from the get-go when the show started when we recommended a little piece of ford preferred paper at the depth of the recession. one that gave us a tenfold return. ford was the only member of the big three that didn't need a bailout from uncle sam during the recession. costs have been cut dramatically dramatically. last year it launched two dozen newer fresh vehicles including the revamped f-150 truck that's selling very well. remember, though, major automakers have a ton of international exposure which means as economies in europe start to recover they're recovering that could really bolster bolster ford's bottom line. i'm a big fan of ford's former ceo who retired last july. the new ceo mark fields is a
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longtime ford veteran having worked there since 1989 and recent years served as chief operating officer under mala lirks and shared his predecessor's views including a predilection of returning capital to shareholders. let's take a closer look with mark fields. this is really big, guys. he's the -- we have not been able to sit down with the ceo of ford since inception and now we can. mark fields is the ceo. got it learn more about his company, where it's headed and what he's up to. mr. fields, welcome to "mad money." >> thanks. >> i have to call you mark. you're from jersey. it's a different story. i'm so thrilled you're here. i want people to know your background. we're familiar with alan, we had him on smo times. you have a very untraditional background for someone my age. it looks like the kind of background you need to be able to run an international company these days. >> well first off, jim, i want to congratulate you on ten years of serving the individual investor. it's amazing. ten years. >> thank you.
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>> in dog years that's a long time. >> very kind. thank you very much. >> it's terrific what you do for the investor. from my standpoint, i think i've had -- i spent a lot of years overseas. >> right. argentina. japan. >> in europe. and i think for me, it made me become a, kind of a citizen of the world, if i can call it that. it humbles you because you need to learn how to listen really well but also communicate and ask questions in a way that people can understand and also motivate them. so i've been blessed. the company has taken me to different parts of the world. and i'm blessed because i work with a great team. >> now this is an interesting time to be an american because ford is doing fabulously in america. but as we know from all the conference calls, i speak to you after the conference calls i mean, latin america, very very tough. russia, tough. europe, tough. asia, not as strong as it was. i mean what can you do in this
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environment? >> well, first off, as a company, we're very proactive in terms of looking at the business environment around us. every thursday, we're sitting around a team dealing with that environment, very proactively. but let's face it. we're coming off a solid year. we're going to have -- this is going to be a year of growth and financial performance for us as well. >> you know that now, even though we're all so worried about the strong dollar, i'm worried about europe not turning around. you feel that confident? >> well, it really comes from keeping our product pipeline absolutely full. we launched 24 global products last year. the most we ever had in our history. another 15 are coming this year. you know vehicles like our f-150, our focus. those type of vehicles that are worldwide. but as we look at it, you know, we're a big multinational company. you have to be able to deal in the kind of environment where the economic environment changes very quickly, and you need to deal with those risks. and i think the way we work as a team, and our working together culture at the company is allowing us not only to get to
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where we've been which is get through a very tough period of time, not do it with taxpayer assistance. >> right. >> be able to put the company on a really firm foundation for growth. we'll handle what the world deals to us. >> today i was looking at the pensions, and i know that you've got interest rates incredibly low. it's difficult to make that money. then i'm looking at the peso, a 15.5. the guys making cars in mexico -- you had some plants. more than you do now. they've got to be taking it to you. lower interest rates high dollar. this is not an ideal time for the ford motor corporation. >> spective. when you look at what's happening with interest rates here in the states and talk about an interest rates rise, that's really indicative of a healthy economy. when you look at our business and look at our position in the market here and the profitability, that's a good thing for us. now, in other parts of the world where we face challenges like europe or south america, et cetera, our whole approach is to be proactive put plans in place, and then monitor those
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plans and work together to overcome the challenges. >> right. but, again, i want to come back to the idea that, for instance, i'm very concerned about brazil. you have a big latin american operation. i mean, could we be on a conference call and you'll say, listen, if it weren't for latin america, we would have had a good quarter? >> well, as you know you have to -- again we have to take the long view on here and we've been in latin america for -- and brazil and argentina for 80-plus years. we've been through the ups and the downs. we'll manage our way through this. but the key thing is we've been very profitable in that part of the world. >> right. >> clearly it's a commodity-based economy. commodities are down right now. will they go up? at some point they will. but that won't stop us from continuing to launch new products into the marketplace because there's never a bad time to introduce great product into a market. work on our cost structure. and motivate our folks to get to profitability and improve the business. one of my roles and one of my senior management teams' role,
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how do you motivate the organization even in very difficult times? and i'm always reminded of that saying, i read once where to build a boat you don't gather up the people take them to the forest, get them to chop down the trees saw the wood, nail the planks together. what you do is you teach them the love of the sea. >> okay. >> and what we do, as a management team, is exactly that with our team. >> now another thing that you've done because you're making great product is you were -- your predecessor explained to me the connected car. you guys, i think have been at the forefront of it. where is it now? because we think that connectivity, social mobile cloud are really the way of the future and ford very early on recognized how important this is. what are you doing connected car? >> well, when you think about our business, innovation is so core to us. going back to our founder henry ford. one of our key priorities is driving innovation in every part of our business. when you look at the trends coming out of the industry we
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spend a lot of time looking at friends. what's the world going to look like 10, 15 years from now? we wind back to today and say what are the things that we need to do to allow us to prosper in that environment? when you look at things like connected car, autonomous vehicle, ride sharing, car sharing, we're looking at those opportunities. if you look what wefr've done with the connected car. sync. we introduced a system where you could walk in with your blue-tooth enabled device and seamlessly use it through your vehicle. we're now introducing sync3. we have 10 million vehicles around the world installed with sync. think about the connected car and put mode dems in all of our vehicles think of the opportunities that opens up for satisfying the customer and making their lives better and also in there providing a business opportunity for us. >> now, when you do the connected -- i was in an explore explorer this weekend. i've got to tell you okay i'm a little older. and i was baffled.
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now, my 20-year-old, she explained to me what these different things were, but i mean, is it -- is there ever a point when it's just too hard? we are supposed to be driving. >> well, our -- exactly. and our approach, and our approach has been very consistent over the last couple years, is have our systems so they're all audio enabled so you can keep your eyes on the road and your hands on the wheel. and that's been our approach in all the systems that we've used because safety is so important to our customers and so important to us. it's part of, again our dna as a company. and, you know, it comes home to us because, you know, when i -- i get letters and -- every week, and literally every week i'm getting a picture from a customer who sends it to you. you open up this letter and in there is a car or truck that's mangled. it's horrific. and the letter starts off, "i want to thank you, ford motor company, for helping to save my son, my daughter, my spouse because your ford kept my
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relative safe." i share that with the team. because that's the higher order of the things that we stand for at ford and all of our ford people. it's about building great cars and trucks but it's also about creating a better world. and we do that through innovation, through connected cars, et cetera. >> it's working. it's working. got a 3.8% yield, too. nothing the matter with that. mark fields. president and ceo of ford motor company. stay tuned. i have a super special guest coppingcop ing coming up. so secret, my staff hasn't even told me who it is yet. stay with cramer. i care about regular people who are trying to understand the stock market. it's been ten years of holy cow i can't believe we finished another show. once my mikes are on it's all systems go and i'm fired up for it. >> "mad money's" 10th anniversary thursday 6:00 eastern.
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my staff is too much. welcome back to "mad money's" 10th anniversary week. for the past ten years i've come out here every day to highlight stocks of solid companies, stocks of companies with visionary management who stay ahead of the curve and treat shareholders with integrity and respect. the past ten years i've known what to respect on the show and done my share of preparation. i'm always ready. today my staff who makes me look good every day decided to do something different. they decided to withhold any and all information about this next guest. i better know who he is. i'm told he's a hero of mine and a man who's considered a
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champion of more than just the business world and some even say he could be a legend on and off the field. man, i'm getting pretty anxious. all right. i'm ready. come on. let me see who it is. no! no! no! it's sherman. it's r. sherman. are you on "mad money"? >> i am on "mad money." >> okay. let me slow down. congratulations on a baby boy. let's start with that. with bradensherman. i got to calm down for a second. thank you for coming on "mad money." thank you for coming on "mad money." >> i appreciate you having me. >> well, first i know that you're a hero of mine. you're a hero of many people in this country, and i also know that you care passionately about football but you actually care passionately about your money. i've heard you talk about being short stocks. i got to tell you on the wovrs day of the year, did you have anything going on in your
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portfolio? >> no, it's been pretty rough as of late i have to say. my portfolio hasn't been doing as great as it once did. >> well, but you are also the -- i'd say you're the apple of the eye of some unbelievable companies. i know you have deals with nike, apple, beats, campbells. this is a good time for richard sherman's business. isn't it? >> definitely is. you're always trying to grow your brand. obviously do whatever you can to make yourself more attractive to brands. you know, because at the end of the day, the more attractive you are, the more money you make, the more money they makes everybody's happy. you want happy relationships. that's what i try to create. >> you know what, i want to break the mold here. obviously i didn't expect you coming on. i can't be as fast as you when you're clicking down and watching what the quarterback is. i want to talk about charity and you. i know you don't do that. i'm going to pull it out of you because that's not your style. you spend a huge amount of time
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offering blanket coverage. i want you to talk about the nfl and what you do. not the nfl that we see outside the lines that we're all kind of tired of. but what you do for people in the seattle area and around the country. >> well, it's you know, the football field and what we're able to do on the field gives us a platform off the field to be able to give back and influence the next generation of kids, the next generation of doctors, lawyers, and samaritans in this world. that's what i try to do. i try to have a positive influence on people who otherwise may not see that positive influence. a lot of kids in the inner city, poverty-stricken areas, i try to do my best to reach back and give back with supplies, school supplies, with positive encouragement. you know, just anything i can give back to give them a better chance than they otherwise would have. and we've had great success with a lot of the programs. we're going to go speak at a
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couple high schools here and set up a few contracts with kids. you know, just stating that they're going to do their best and they're going to continue to be advocates for success and advocates for the world of academia and, you know, that's all you can ask from people. >> you also have set up blanket coverage which i've contributed to bought i want other people to do the same. blanket coverage being what you offer on the field and off. >> yeah. blanket coverage is our foundation in which we -- that's what we -- that's our vehicle in which we give back. it has allowed us to give kids just an equal opportunity to compete in the educational system. just -- that's all some kids need is just an equal opportunity. you know, without school supplies without books without backpacks, you know, how can you really expect these kids to compete? that's what i asked myself when we created the blanket coverage richard sherman foundation. how douldcould he help kids even out
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the playing field and compete in the classroom? that's the best way we know how. obviously we're continuing to evolve and our next step is creating scholarships and also getting nominations from classrooms and teachers on which students deserve laptops in order to help them push their education to the next level. >> but i also want to -- when i was at the december 7th game where you beat us, we beat the eagles, marshawn lynch scored the touchdown and you were the first guy out to congratulate him. you're from the defense and went out to congratulate the offense. everyone in the stadium saw it. people got quiet because you are, in the end the ultimate team player. >> oh, 100%. teamwork makes the dream work. you know, my teammates are like my brothers even when they go to other teams. you guys just took one of my favorite guys, byron maxwell. i think he'll be a heck of a player for you guys, but it's really genuine appreciation for the guys on your team and their contributions. you know, you could have nothing
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but genuine appreciation because you see all the hard work they put in. you see all the blood sweat and tears that go into this on a day in, day out basis. so you just want to send that love back in full. >> at the same time you got a new teammate, jimmy graham whom my daughter -- my daughter's a saints fan because she goes to tulane. we were joking about that, he's the best player that the saints have. i guess he's your guy now. how do you feel about that trade? >> we're excited. we're excited. any time you get a player of his caliber, of his background, obviously his resume speaks for itself. you're going to be excited. you know, i think it will help our offense and obviously we've had a chance to compete in two super bowls and hopefully he'll have what it takes to take us over the hump. you know, we also got kerry williams and william blackmon andhopefully we're secureing everything to make another run. >> it's an honor to have you. i was a homicide reporter in l.a. how i first heard of you, you were in an area where i covered
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a lot of homicides. that's where you grew up. i couldn't believe you were able to -- you know, you came from a very, very tough area. and you've been able to achieve tremendous great stness, what seems like all you really care about is getting everybody else to be great, too. >> exactly. i think that's all that matters in the end. i think god has blessed me with this platform in order to bring other people along and to, you know, a rising tide raises all ships. and that's what i try to do. you know, you try to bring as many people along as you can. it's not about how quickly you can ascend to the top. it's about how many people you can bring with you. and that's for people that i know and people that i don't know. if i can have a positive influence, inspire someone that i've never met, then that's a blessing as well and that's what i try to do. really all you can hope to do is make the world a better place than what you came in. >> last, i just want to add last year celebrity game 20,000 people. will there be a third this year to be able to raise a lot of money? >> there will be a third. you have an open invite if you'd
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like to come. >> you know what, i want to thank you so much. it's an honor to have you on the show. i'm not supposed to ever be -- anyway, richard sherman, i'll see you at super bowl l. thank you so much for coming on "mad money." >> i'll see you there. thank you. okay. all right. there's some people that you get -- give me my jersey, will you? there are some people who you really do revere and i revere richard sherman. stick with cramer. ♪ help an oil company overcome minus 47 degree temps, 5 foot ice, and 16 foot waves, to safely keep crude oil flowing 365 days a year. when emerson takes up the challenge it's never been done before simply becomes consider it solved. emerson.
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>> announcer: lightning round is sponsored by td ameritrade. >> it is time. it is time for the lightning round. on cramer's "mad money." you say the name of the stock. i don't know the calls or the name of the stock ahead of time. i tell you whether to buy or sell. when you hear this sound -- [ buzzer ] are you ready, skee-daddy? brian in maryland? >> caller: boo-yah, jim. >> she's one of the bankable 21. buy that stock on any weakness. you very rarely get it. take advantage of it now because rates are going higher. tom in new jersey. tom? >> caller: hey, jim, my stock is wba. >> okay. that's the new symbol for walgreens. the old wag. charitable trust
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actionownersplus.com owns it. i have to tell you i'm tempted to take a profit ifn it. why? it's up so much. a great situation. we've not done that yet. i feel like we're being greedy. let's go to michael. michael? >> caller: boo-yah, jim. my question is about zulily. >> i got too excited about it, thought it was going to be great and i had to pull back. it was not the next amazon. management made a compelling case to me they had a great growth path. the growth path slowed down. you can't touch zulily. pam in florida? >> caller: happy anniversary jim. >> thank you pam. >> caller: i'd look your opinion on -- >> we're not recommending any chinese stocks. we feel like the market has gotten overheated and the economy there is weakening as opposed to strengthening. let's go to joe in delaware. joe? >> caller: hey, jim. how are you? >> all right. how are you? >> caller: i'm good. thank you. pleasure to be on the show. my stock is aabl. any suggestions? >> no. i do not know that one. i just don't know it.
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it's, again one of the biotechs, very tough to figure out. debby in illinois. deb? >> caller: exelon inc. >> we don't like utilities because we think rates are going to go higher and is not one we would buy. if we're going to buy one, we're going to buy dominion. that's our favorite. maybe after that. that, ladies and gentlemen is the conclusion of the lightning round. >> announcer: the lightning round is sponsored by td ameritrade.
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i have talked to the heads of almost every single one of these firms in the last 72 hours and he has no idea what it's like out there. none! and bill pool has no idea what it's like out there. my people have been in this game for 25 years and they are losing their jobs and these firms are going to go out of business and he's nuts! they're nuts! they know nothing. well let's hope they know something this time around. once again, i'm going back to the rant when i did my best to warn the federal reserve in 2007 that it needed to cut rate and cut rates fast or we'd have a monstrous downturn in the economy and stock market. i said they know nothing back then, that they were nuts because they didn't know the fire they were playing with. after 17 straight interest rate hikes which only led directly to the great recession. years after my attempts to get the fed's attention, we got the transcript of the meeting that occurred right around that time. when it was mentioned and it did
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come up, the transcript said "laughter." real funny. we all know what happened. here we are back again in a moment, when the economy looks strong, when employment growth is coming back in a terrific way, and the wage growth isn't. and the topic once again is the need to raise rates quickly before the economy overheats. outdoing dallas fed president richard fisher is calling right now for a prompt rate increase because it will be too late if we wait until there's full employment. i like richard fisher. he's a good man. fisher consistently overestimated the strength of the upturn and he's been, alas, wrong. wrong numerous times about the need to be vigilant when accommodation was called for. right now, he couldn't be more wrong. in fact, i wouldn't go so far as to say his call to action is dangerous. and will cause a tremendous downdraft if not a bear market in all worldwide equities and more important a dramatic decline in economic activity globally if the fed listens to him. fortunately, he's not a member and won't be participating in next week's discussions. i am not disagreeing with him that the tradition of the fed will be raising rates right now.
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the emergency rate is too low in a vacuum. we're in anything but a vacuum. right now the europeans are doing everything they can to debase the euro in order to get their economies moving at our expense and they've been very successful at it. we have important countries like mexico and brazil with currencies that are just being crushed right now. just on the fear that we are about to raise rates. that's what this market action was about today. the turmoil out there is so palpable palpable. the ongoing destruction so obvious to me we might as well be back if august of 2007 when they knew nothing about what was really happening. if we raise rates now i can see the currencies of countries collapsing particularly in hatten america and will spread undoing any fragile economic growth there might be away from the united states. believe me, it will eventually take us down, too. plus where's the emergency here? it's not like there's any inflation in this country. a strong dollar plus free trade agreements to allow countries to dump products here while taking away our jobs without buying our goods will keep inflation tamed for a very long time. lower oil doesn't hurt either. fortunately, there's someone on the fed who understands this
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better than anyone. his name is stanley fisher, the fed vice chairman who was the first deputy managing director of the international monetary fund during not one but two currency collapses including the contagion in the late '90s. he knows how fragile things are around the world and how a u.s. rate hike could crush a world like brazil, hundreds of billions of dollars of u.s. denominated debt it cannot pay and understands our multinational companies would see dramatic declines in international sales because our currency would be too strong to be competitive if we raise rates right now. my hope is stanley fisher's view trumps richard fisher's view. if stanley is as wise as i know him to be he'll say when he understands a rate increase would normally be warranted, we can't afford to do it without provoking a needless crisis that could set the whole world on a collision course. currencies will adjust and contagion will be less likely. if the fed wants to show it knows something this time and not nothing like the last time,
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it needs to let stanley fisher's hand stay steady on the tiller and wish dick fisher well in his coming retirement. after the break, i'll try to save you more money. teams collaborate around the world to actively uncover, discuss and debate investment opportunities. which leads to better decisions for our clients. it's a uniquely collaborative approach you won't find anywhere else. put our global active management expertise to work for you. mfs. there is no expertise without collaboration.
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take a deeeeep breath in. . . and . . . exhale. . . aflac! and a gentle wavelike motion... ahhh- ahhhhhh. liberate your spine... ahhh-ahhhhhh......aflac! and reach, toes blossoming... not that great at yoga. yeah, but when i slipped a disk he paid my claim before i knew it. ahh! so he had your back? yep. in just one day, we approve and pay. one day pay, only from aflac. [duck snoring] thank you, mark fields, thank you, richard sherman. thank you, new york stock exchange for letting us ring the bell. what a day. i like to say there's always a bull market somewhere. i promise to find it for you right here on mx px"mad money"."money." i'm jim cramer. i'll see you tomorrow.
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>> tonight on the profit... i go inside sweet pete's a confectionary shop whose candy-obsessed owner has created a huge variety of sweets. >> that's the caramel. >> that is good. but with a horrible location... part of location is having foot traffic. and i don't see that here. a partnership gone bad... >> i'm calling you out on your integrity. it's crap. >> and an outdated kitchen that won't allow him to keep up with demand... there is a limit to the output, and you're the limit. if i can't turn this business around... >> i don't see how i can go forward. >> sweet pete's will come to a bitter end. >> you guys misrepresent my integrity. >> no, i'm calling you out on-- >> i'm sorry. >> my name is marcus lemonis and i fix failing businesses. >> we made $10,000 together. >> i make tough decisions... we'll change the recipes. >> i mean, that would be the last thing i'd want to do. >> and i back them up with my

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