ould be higher than a take over. >> we got a tip from the university of north florida. you can say hi there. tenet health care the hospitals doing very well. see if he continues to bounce in here. >> thank you so much for watching. meantime "mad money" with jim cramer starts right now. >> my mission is simple. to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now. >> hey, i'm cramer. welcome to mad money. welcome to cramerica. my job is not just to entertain but to teach you, coach, you educate you. call me at 1-800-743-cnbc. tweet me @jim cramer.

stop, listen and learn. that could be the best take away in this marvelous 10th anniversary week. we have been talking to the finest minds in business. today will be no different when we tap into the insights of the keeper of the disney flame. stop listen and learn because you might understand why the averages are pumped with the dow declining 28 points today. there's a positive future that can't be lost in the strong dollar federal reserve that possessed all the professional money managers out there during this period. it's an introspective week here for me. even someone that shot himself in the foot more than once over a decade has to take time-out and ponder about what's being said in an interview. what's really being said about

the executives we're speaking to on the show. mark fields the ceo of ford motors said something to me last night that stopped me in my tracks and made me rethink everything i wanted to ask him before the interview started. i pride myself on my preparation and i write down all my questions beforehand penning far more than i ever need. of course the market was down yesterday thanks to fears of higher interest rates and i was all over this issue when i was speaking to mark because of how horrendously the stock market is viewing the rate move. take a listen to what he told me. >> when you look at what's happening in interest rates here in the states and the talk about interest rates rise that's indicative of a healthy economy and when you look at our business and you look at our position in the market here and the profitability that's a good thing for us. >> that's a good thing for us.

>> when i heard it i said wait a second. have we gotten so far away about what's really going on in the city, have we let our fears drag us down so entirely that it seems like an apifiny when we hear that good is good? have we become so terrified of a small rate hike that we have forgotten that rates are headed higher? precisely because so much business is being done and so much money is being made we're missing the forest through the trees. higher rates and yes higher stock prices. that's been the order of things for decades in the stock market. now i know not to minimize this current situation. smarter peel than me are telling me to be very worried. we know we can't overlook what's happening outside our boarders. too much all around the globe. like a hot potato the moment something god goes arye. too many hedge fund managers out

of position. then a huge trend change. it's not in a positive way but negative way. we know this because we've seen it before. november of 2011 we got a total bruising because of problems in italy and spain. is this the year latin america knocks us for a loop? i know i'm concerned. i asked ford motor more about latin america than i did about the yietszunited states because i'm so worried about that situation and it's impact on our stock market. but the cause is howell we're really doing didn't sink in until i watched the show later last night and it got me thinking back in 1997 and 1998 we had a terrible currency contagin. swept around the world. all around the globe. decimated our stock market but

stop listen and learn. the currency crisis took a whole part of the stock market. not the real economy. the real economy is what mark field talked about last night. it's the economy you're going to hear the ceos of disney and underarmor talk about tonight. it's what they discuss when they talk about their sales worldwide. the economy keeps humming even if it breaks down. or the peso gets crushed. the mexican peso for that matter. that's what we have to focus on because today when i was trying to remember how bad the contagion was for the market i could barely find the decline. you know it was almost invisible. yes i lived through it. yes my firm even got in trouble during that period meaning i had big redemption. you can read all about it. all the embarrassing

implications of it in confessions of a street addict. handsome devil. it's based on the russian rouble. currencies i thought could never touch me or my markets but they did. when the smoke cleared i hadn't thought about the big picture. the one that could give you a 4% yield or maybe really got bruised much better than the return on treasury. could give you a chance to buy disney or underarmor or pepsico or starbucks. they had everything to do with the out of position hedge fund managers and the professionals that showed no professionalism by taking on risks they failed to identify before rates even start to really rise. now this information is of no use to those that want to miss the next $3 down in disney or the ones that fear that 1 dhrs.49 loss in pepsico.

the people that care about those short-term disappointments they're not taking the long view. the long view makes the big money. if you bought disney during the dark days of the last currency war you snared it at $23. if you took your fears during the tie back crisis. the one where i learned a bat could also be a currency you missed the chance to pick up pepsico at $28. it's now at 93. how about you decided they be inilated. you managed to avoid buying the great growth retailer at $4. now one of these companies has their earnings by the last contagion. businesses didn't skip a beat. i'm not saying we should ignore the near term. i never want to buy anything wrongly when my charitable stock is like the time to buy is

right. we care passionately about the prices we pay for the stocks when we open our positions. we know that there's plenty of hedge fund and mutual fund managers that are just like me sleeping in the office worried about what's going on this very minute. will it go bust or prices might they collapse? . these guys just want to come out alive. then it's you at home. able to be call and cool while these managers recreate the other era. yet the bottom line on this 10th anniversary week is to stop listen and learn about what's really going on at companies and not just with the stocks because one is permanent and the other is fleeting unless you're so fearful that you can't take the chaos and use it to your own advantage. let's go to susan in kentucky. >> booyah jim from the big blue nation of the undefeated number

one kentucky wildcats. >> man i have to tell you. i'm taking you all the way but so is everyone else. what's going on. >> hey, another winning streak for me has been the google stock i've been buying and holding over the years. awhile back the stock split into two classes. when i'm ready to buy more which should i purchase and why? >> it's fine. it has the nice liquidity. i have to tell you, i thought the stock acted well given the fact that the cfo re-signed. he did put out a very long note about how he does want to spend more time with his family. i think because of that and not crazy about it. it was down to 508 not that long ago. diana in michigan. >> hi, jim. happy anniversary. >> thank you. >> best wishes on your upcoming marriage. >> wow thank you. >> my stock is at&t. good price to buy at.

great dividend. my concern is their international moves in latin america and mexico and i just heard that the federal trade commission is suing directv. do i buy it? >> look. i happen to like directv. the deal that they made. i don't mind latin america but when push comes to shove i'm more of a verizon fan because there's more growth there. that's what i care about. a little more growth even though you get a little more yield with at&t. all right guys stop listen and learn at what the companies really have to say. short-term the currency war count. no doubt about it. but long-term, not just the battle on the way to a bigger victory. "mad money" tonight with two of the biggest names in business. he started under armor in his grandma's basement. and then it's been nearly a century since walt disney introduced the world to mickey

mouse but they haven't stopped carey creating magic. plus is there still a potential for a big crash in the oil patch. you don't want to miss my take. stick with cramer. >> don't miss a second of "mad money." follow @jim cramer on twitter. have a question tweet cramer, #mad tweets. send jim an e-mail to madmoney@cnbc.com. or give us a call. 1-800-743-cnbc. miss something? head to madmoney.cnbc.com. you can find a new frontier. there's nothing stopping you and a lot helping you. technology that's with you always.

this is our promise. it's never been better to wander because wherever you go, you'll find us doing everything we can, so you can.

on this the 10th anniversary of "mad money" i want to make one thing clear. there's always haters out there. but don't let them scare you away from the highest quality stocks. consider the incredible example of period under armor. nearly a decade ago i told you to try to get a piece of the ipo. the stock soared. it's not looked back since. up more than 1,000%. but the criticisms never stopped. from the very beginning the haters core into me for recommending such a risky ipo. under armour went higher. forget about it. every step of the way warning you away from the stock has been way wrong. it's what i like to call a stealth technology company. they take market share from nike and moved into actual technology with apps to check your calorie intake. the haters don't understand that

under kevin plank it will let nothing stand in it's way. betting against him has been a fools game. plus this is a tech play and charged cotton clothing. the chairman and ceo of under armour. welcome back to mad money. hard to be more charged up than you but i'm trying to be there. going in your february meeting, 120 million people in connected fitness. your fitness network that was a month ago. >> first of all, one important number ten years. wonderful to be here. we crossed 130 million. so 136 active users signing up every single day. >> we said over 120 million the last time we talked about it. now we're over 130 million.

>> why are we not describing you in facebook or twitter or linked in. these are companies with tremendous evaluations that would love to be able to grow at the rate you're growing. >> what we can build is a network to make an athlete's life better. our mission never changed. we are able to do this because we have an amazing shirts and shoes business. we celebrate our 9th year in november. 30% top line and 30% bottom line growth. 19 consecutive quarters 20 plus% growth. because we have these great healthy shirt and shoes we're able to build this new layer of adding digital to our business and giving us new complexion. >> you talk decade of growth i think the stock itself the people who think about it are ham strung. i'm thinking about you guys as being future and they're thinking building connected for

this problem but economics uncertain. these instangtangibles, they are thinking within the four walls. >> remember two years ago we had our e-commerce business and digital business as a whole. in the last two years we had more than 400 people on our team today. more than 100 this year. what would be 11.5%. we made this investment in digital and this is the future. we see things like cyber monday 13 we went from 11% people ordering on handheld devices to 40% ordering on hand held devices. we say what is our role. what's the reason people will have to interact with our brand and with 130 million plus people on our platform we look at global and other spaces the firsthand shake they may have with the under armour brand may be a digital handshake. >> that's important because

you're the only one i know when you look at the presentations about the people on their cell phone versus tv. >> watch people walk in the store and they're compare shopping and price shopping and they're more armed with the data about what they're looking for by the time they walk into the store. who is going to do the best job of delivering that information? we feel with the founder of my fitness pal we have a very balanced approach. >> but if i get apple you don't mind. >> we believe in wearable. roughly a billion things with a chip in it. somewhere between 25 to 50 billion items will have a connected chip. wearable say thing i wear on my wrist and where that evolution is going we're thinking when we see the big tech company and the consumer wears products they're not having it in the back

pocket. we're as entitled as anyone else. it covers the microclimate. we're thinking we're the company that could be making that. >> we've been saying it's social, mobile cloud and connectivity. connectivity at the house. connectivity at the car. >> is it not going to be? because i doubt it will be the 3 by 5 inch pieces of glass or plastic in our back pocket. if you flash that 2006 video if we were going to be buying apps and what we would be doing we have no idea. the key is that companies are malible. we have a great man on our board that says when the map differs from the terrain, go with the terrain. that's what we're doing is making the best decisions we have with the time people resources and money we have. >> great brand is the jordans. jordans chicago. you have something going in

chicago. >> we just launched a brand new brand house. 30,000 square feet right on michigan avenue. >> 30,000 square feet. >> amazing. so it's the largest presentation of the under armour brand. we have great partners out there. places you can experience our brand but in an overwhelming way so we use our own direct retail as a place to tell our partners it can look like this. look at our outdoor session. our sport and our trainers and footwear section where we're celebrating the brand we evolved into. >> you don't like to lose. kevin durant. >> yeah. >> what an amazing human being. so you say who does he role into a party with? his wife his mom and his dad. >> that's his passe. >> they're a good group. they're a fun group too.

>> you have the right guy. kevin durant is terrific. we love him. you loved that speech. >> everybody did. he's a great human being. he's from maryland. of course i love him. we wish him the best. but we also had someone who is a long shot and then he comes back as the leading vote getter this year. he's in contention for the mvp. >> you are the mvp. you're the real deal. under armour is the real deal. a great technology company that is also in the apparel business. after the break i'll try to make you more money. >> coming up dream stock? from the expanding magic kingdom to a growing media empire disney is the further thing from a frozen company. but can this entertainment giant keep bringing the heat? tramer cramer has the exclusive as the

"mad money" tenth anniversary celebration continues. i really admire my mother. despite what people said she bought me a sewing machine and she let me play with dolls and that was something that was kind of growing up culturally, it was quite unacceptable and she really dared to let me be different. [thunder and rain] [thunder and rain] [thunder and rain] ♪ grind virtually any kind of food

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>> there's one thing i've seen over and over again since i started doing mad money it's when a best of bread company is putting up terrific money gets dinged by a market wide sell off you need to consider buying it at any weakness. which brings me to disney. a company that reported a spectacular quarter more than a month ago. movies, theme parks, networks and cable tv and merchandising where the company has 11 brands and generates more than a billion dollars in sales. think frozen star wars avengers guardians of the galaxy. disney has been steadily working it's way higher for years. but lately the stock pulled back down $3 from 62 week highs. while that may not seem like much buying it has been a

brilliant strategy for many years and has given us a 60% return since we last spoke to the ceo and this was the first stock i recommended when i started the show. let's check in with bob, chairman and ceo of walt disney company and hear more about how his business is doing and where it's headed. welcome back to "mad money". >> thank you. most generous of you by the way. >> cinderella is behind you. comes out this week. fair fairy tales will come true. will it happen for disney shareholders? >> very excited about that film. that's lily james playing cinderella. cate blanchet plays the step mother. it's the first crack at a live action version of a great disney film and we're thrilled about it and we're bringing it out with a 7 minute frozen short. i think you know what frozen is. so the outlook for the weekend and the outlook for the film is

great. for disney outlook is also very strong. we follow with avengers 2 in may and at the end of the year we have star wars and great stuff in between. we're feeling good. >> let's talk about star wars. you are in san francisco. i regard that as the home of where star wars might be shot for your annual meeting. is that why you're there? >> yes, i'm at a great building. built for the san francisco world fair in 1915 and we're holding our annual shareholders meeting here tomorrow and it's right across the street and home to lucas film today. >> is there a time i'll program it to go through the rides at disney like you have done other great improvements? >> that's a good question jim.

we're using technology to enhance the specious of people that visit walt disneyworld. we call it my magic plus and what it comes with is a wristband that gives you access to the park and enables you to do all sorts of other things including make reservations on our favorite attractions and of course the band is your entrance way or entrance path to those favorite attractions. at some point in the not too distant future a wearable device and mobile device will probably do what the wristbands do which means you'll be able to unlock your room without a key and use it as your wallet and obviously use it to get into our parks and attractions attractions. that's coming and i would imagine although we're not developing it specifically right now for the watch i think there's an inevidentability to that. >> i was there with disneyworld opened but when a new park opens it's exciting.

there's a park opening next year at this time. are people taking reservations to go in already for when that park opens? >> well we're not taking reservations for shanghai yet but it won't be long. at some point, between now and opening we'll have a big event and we'll announce what's in the park. we'll announce pricing and then we'll start opening for business in terms of reservations but we'll be really careful in terms of how we manage our first guest because we think that demand from the most popular city and country in the world is going to be really high. there will be a high curiosity factor as well and we'll be very careful about it initially. it's too early yet in terms of reservations. >> people are concerned about china but you announced an $800 million expansion before you even started. broke ground. is that because you judged that market well enough that you're not caring about the purchasing

managers report or how the retail sales are doing for the moment? >> yeah we have been developing this park since around 2000 and we closed the deal to build the park about four or five years ago and since we did that and since the time we started developing it the market developed more than we anticipated. we thought it was wise to add about $800 million more in investment so the park that we will open sometime in 2016 will be able to accommodate more people. we'll have more in it. we're bringing a very very unique property to china. disney land is extremely unique although there are theme parks in china. we believe that the combination of our expertise and technology and creativity with our ip and the guest experience that we create makes it extremely unique and therefore the demand on it is going to be great.

which is one of the reasons why concerns about the chinese market the ups and downs and some uncertainty is not something we're particularly focused on. what we're doing is trying to build one of the best most advanced parks that we have ever built. we'll try to do it in a way that's going to be really exciting for the people of china. we talk a lot about it being authentically disney and distinctly chinese. that's what it will be. we can't wait to show it to the people of china and the world that might be interested in it. >> let me ask you about that. you're planning for a huge crowd. what is it about disney and american culture of disney that transcends. we're not the least bit concerned that they don't believe in fair tales in china. it's a communist country. but we know that it carries it. what is unique that makes it so that they believe in fairy tales too. >> our stories are timeless and

just witness what we're doing this weekend with cinderella, a story created many years ago and made it in 1950 and bring it out again. there's something that have an appeal that really transcends time in so many ways. the other thing important about our stories in terms of their value and why they remain relevant and popular is they touch people's hearts. that's what we aim to do. we're not making movies for young people or old people. we're making movies for all people but we're making movies for the special place that exists in all of our hearts. that's one of the reasons why the appeal is so long lasting. that's what we're going to continue to do. interestingly enough the same is going to be true for star wars and we think we have seen that already with marvel. they obviously combine a lot more action and obviously a different look and feel to those films but when you can tell a great story that reaches someone in some form emotionally it

doesn't matter what market you're bringing it to or what market you're telling it in it has appeal. >> well one last question because of that i know that you know i tell everyone to buy one share of disney. for their kids or any occasion. but will they be entertained tomorrow at your annual meeting? >> yes. we use our annual meeting not only to update our shareholders on our performance and to talk about business matters at hand that shareholders would typically be interested in but also to give our shareholders, the people willing to come to our shareholder meetings just a little taste of what's in store and not only the year ahead but the years ahead. so we'll have a couple of announcements tomorrow that we think are going to be incredibly exciting for disney shareholders. disney fans and even disney cast members. we're very excited about what we're going to reveal tomorrow. >> well congratulations. >> that's all i can say about it. >> i know you make it special. i want to congratulate you and

thank you for all that you have done for people that watched "mad money." chairman and ceo of the walt disney company. thank you so much. >> jim, congratulations to you too. >> thank you, bob. what am i going to say? buy it. stay with cramer. >> booyah. >> no booyah. >> booyah. >> you got it. >> booyah. >> booyah. >> i knew i had it, booyah. ♪ 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.

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we keep waiting for the big oil bust. the rollover of oil and the oil companies that collapse under their own rate. the 48 dollars price they're currently getting for their product which we call in the business west texas intermediate but you might know as black gold or texas tea. but the obese obliteration of common stocks it hasn't happened. we keep waiting for the bond market to be crushed by defaults and restructuring because it's riddled with hundred billion of

oil and gas paper rised during the boom time. or was it 90 headed to 100 or 110 or whatever they saw going. that hasn't happened either. it has yet to be sent to the scrap heap. it's still ticking. in fact the hyg, that's the high yield etf that includes the suspect paper is unchanged over the last three years an enjoyed a sustained rally since the oil stocks hit their lows. it's rallied from 86 to 91 before falling back to 90 where it is now. that's right. the real time bond which we're so worried about. not to work and this bond etf isn't truly as bad as it's made out to be. hardly catastrophic. we keep seeing stories suggesting this quarter

represents the peak in u.s. oil production and it's all downhill from here. no, i think it's going to show extraordinary production growth. and it won't back that quickly after the quarter is over. sure the counts you monitor once a week is down. it is down big. sure. but they have all been producing full out this quarter and the production is joined by a big pick up in the output from the gulf of mexico. mexico itself and canada. did you know they're going crazy with production because a new pipe bringing tons of food to market because they're sensing the keystone pipeline extension has done a massive work around that project. and the trains for all the bad publicity they're transporting oil for anyone they can store it. they're vying for precious refinery space. because the federal govern lt bans the export of our crude

causing it to back up unnaturally as it waits to be refined. despite a hard late winner in that natural gas comes out of the shale in pennsylvania and ohio or the amazing over abundance of natural gas liquids with no place to go whatsoever spewing where every oil and gas field. so why haven't more companies come collapsed. why hasn't it happened? despite billions of dollars in loans and debt taken down. it's only giving up pause it made the last and yes dumbest acquisition. the purchase of codiac for $3.8 billion in stock plus an assumption of debt. if they waited they could have picked it up for half the price. the reason the oils are still

hanging in there is the stock market people. the reason equity markets exist isn't to trade back and forth but to help companies raise money. since the collapse of oil prices did you know that 25 oil companies have come we inquirity. total of $8.3 billion to either help pay down debt or meet the test of the revolving facilities with the banks. the stock market has been welcoming entity to the secondary offerings which is why most of the oil companies are still afloat. it's not bad. you're down on 11 and you're on five. given that oil has been flat during this period but the stock market has actually been hit hard but that's a good track record. if oil spikes a bet a vast majority go into the black. because of the record of recent performance there's more finances. it could be gobbled up quickly

even with the oil trading at $48. but that's not the only reason why the much anticipated collapse hasn't come to pass? -more to it. first of all it hasn't taken that much equity to satisfy the bankers that lent so much money. especially when they have been racheted back. secondly while the budgets have been slashed the cost has come down dramatically. from $29,000 a day to in some cases as low as $28,000 a day. with the amount of time it takes to drill being cut in some cases from 20 or 25 days to 8 days. why is it taking less time to drill? because of high grade wrg they go after the easiest and fastest properties but some has to do with recent break throughs in drilling technology. not only is the crash not hurt but those on the sidelines

waiting to make acquisitions like exxon mobil that talked last week about the opportunity to swoop in and buy cheap properties or the private equity funds that stand at the ready they have come up empty handed. given the fairly strong nature it's entirely possible that this company will entice multiple bidders. plus there's a major one here as many of the oils have to make acquisitions to keep their business growing. if oils stay even at these reduced levels i'm calling this the crash that never happened. at some point this year we'll see our oil production being curtailed a little bit and then the stocks will actually probably put on a rally but right now the oil is overflowing which ensures that it's in the car although it doesn't destroy the prospectors. we shouldn't expect many companies to go belly up at all

and the fact that the money may not be needed. >> plus they're breaking even at much lower prices. no way. i would rather buy the restaurant and consumer market stocks because the consumer is richer. there will be more crude coming to market than expected with every dollar the price of oil ticks higher and more equity raised with every stock price jump. we just saw logistics partners this morning, priced at $41.76 and immediately broke down with the stock closing at $40.10. but you know what they have the money. bottom line the oil stocks may not be any good but there's no catastrophe waiting in the wings for texas and this country and that's what matters and if the

big collapse hasn't happened yet it might never happen at all. "mad money" is back after the break.

>> booyah jim cramer. we're traveling up to see you at the mad money tenth anniversary. from bowling green, kentucky. >> well there you go. time flies when you're making money. i can't wait to celebrate a decade of "mad money" with a bunch of you here tomorrow. make sure you're tuned in because there are surprises in store. and now it is time for the lightning round. and then the lightning round is over. are you ready? it's time for the lightning round. mike in texas, mike. >> caller: booyah jim. the drop in crude oil is killing me, jim. so i got to ask, oas. >> even down here i still think you're playing with fire with

oasis. kevin in california. >> caller: booyah to you, jim. >> creative. >> caller: i have a question with the rising dollar i'm assuming u.s. imports are going to increase? we have to ship that stuff. >> it's a good buy because it's terrific. if you go to 110, yeah, but leg into it. tom in florida, tom. >> hey, jim, a big booyah to you. >> nice. >> caller: the stock i'm interested in is athena health. >> that's a high risk stock and it's been plagued by people banging it in and out and in and out. i'm going to say right now too high risk for me. donna in florida, donna. >> caller: hi, jim, so nice to talk to you. what do you think of sherwin-williams stocks. what predicts if a stock will split. >> i like ppg more. you get paint but also some

fabulous material. let's go to mike. >> booyah jim. >> booyah mike what's happening. >> my stock is yahoo!. >> here's the way you look at yahoo!. next to alibaba it's a cheap stock and i say buy right here right now. that is the conclusion of the lightning round. >> the lightning round is sponsored by t.d. ameritrade.

>> that's a weapon's company

that doesn't make weapons. >> make them watch mad money all day long. >> booyah. >> are you okay? >> oh yeah it's nothing. i was a guest on "mad money" last night. >> stop it. stop it. >> hello fellow facebookers i'm here to do one thing. get you more friends. >> there's one guy i like that gives it to you straight. >> it's mad money. >> what's up with the stock market. >> i don't know. what's up with your face. >> jim cramer had this to say about the economy. he's a profit. >> they know nothing. they know nothing. they know nothing. >> in retrospect don't you think you were too calm? >> he was right. you were at the beginning of this great panic. >> for investors what is your advice today? >> whatever money you may need for the next five years please take it out of the stock market right now. >> that was a call that should have wrecked my career and it would have if the market had gone up but i stuck my neck up

and did it. >> can't be jim cramer. >> buy, sell what. >> jim cramer is in the house. cnbc, stock money, guru and fanatic. >> i have brought in a financial heavy hitter. >> jim cramer. >> with all these things. >> jim cramer. >> and then you get mad. then you get mad. >> mr. cramer are you the tv personality that really shouts and badgers on mad money. >> that's debatable but i'm a flamboyant personality. >> the sound effects you hit buttons. >> you have beautiful eyes. >> i've never seen the president like that. >> this is meet the press.

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big stress test results out tonight. congratulations for michael kors and citi to do the best job. they look like they did the right thing with the buy back. i like to say there's always a bull market somewhere. i promise to try to find it just for you right here on "mad money." i'm jim cramer and i'll see you tomorrow.

>> the following is a cnbc prime original. >> it is both legal and lethal. seven pounds of metal and plastic... that fire a bullet at roughly 3,000 feet per second. it's called the ar-15. [ shell casing clinks ] to some, it is a brilliant piece of engineering, a modern sporting rifle, and a symbol of one of america's most basic freedoms. >> thank god for america! >> all: pass the law! >> to others, the ar-15 is an obscenity, an assault weapon with no justifiable place in civilian hands. >> you don't need an ar-15.