tv Mad Money CNBC March 12, 2015 6:00pm-7:01pm EDT
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>> who would have thought an immigrant like myself? >> i did it. i'm living proof. >> this is "mad money." >> hey, i'm cramer! welcome to "mad money." even though i say every night that other people want to make friends, many are here with me today. my job, not just to entertain you, but to educate you. call me at 1-800-743-cnbc or tweet me nicely at jim cramer. ten years of "mad money." ten years of cramerica. ten years of are you ready, skee-daddy? ten years of boo-yah. where did the time go? wasn't it just the other day that i came barreling out here sleeves rolled up hey i'm
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cramer. calling our interactive class into session. tonight's a huge night for us. two of my favorite companies. tenth anniversary to explain what went on today. dow surged. s&p vaulted. nasdaq climbed .89%. how to profit from it. we have been gripped by a sudden shocking rally in the dollar. strong greenback, slowing the economy almost overnight. wreaking havoc over seas particularly in a place we shouldn't care about, maybe latin america. you may think pbr are stands for
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pabst blue ribbon one of my faves for cheap beer but i know it as the brazilian oil giant that not long ago had a notorious b.i.g. market capitalization of $350 billion. now it is worth a tenth of that. i think the current cash crunch has the capacity for a ripple effect so huge that we will feel it in our market. hopefully it won't hit the stocks like a beer truck. nevertheless it is on many a professional trader's mind. you know what? i think it should be. it should be because it's w with o -- wor are rrisome oh. it's my idea to bring you idea ares and explain them tell you if they can hurt your pocketbook or port foal owe. uh how important is the over seas situation in did you know almost every major move today was in some way connected to currencies? not stocks.
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that's right. the whole rally pretty much occurred because the euro finally gained one day strength against the dollar. the currency has been falling for ages. and the fact that it could go up at all, even for a day enticed buyers back into the stock market. do you know what else turned things around? after a couple of tough days the fact that we had no good very bad aggregate retail sales in february. you heard me correctly. lousy retail sales sent stocks higher. why does it matter? how can objectively bad news be good news for the market? simple if you have been watching the show for ten years. the other big worry is the federal reserve will raise interest rates. jolting the entire world at a time when most countries are frantically cutting rates to reignite the struggling economies. of our retail sales are so weak
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the fed may not feel pressure to do anything at all which means we could get through the period of rapid moves and currencies without taking a big hit to the stock market. what would it look like? i think we could be staring at five to seven percent decline at a minimum if the fed does the wrong thing and raises rates near term. remember the old fed -- repeat after me -- they know nothing. >> they know nothing! >> what happens if they know nothing again? honestly. i believe the current led chief does know something. the fed has been more data driven since the blunders that helped usher in the great recession. how powerful if are the big mac ro moves? today's weakness in the dollar alloweded the market to every look a down side preannouncement from intel, the largest semiconductor company on earth. what's ail ing intel? weak personal computer sales and
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the strong dollar which did hurt europe. i couldn't believe how few stocks went down off the news and how muted in decline was but most stocks trade in lock step ton days like today because of etfs and index funds. federal reserve lorded over the banking system since the great recession but administered a stress test which is why the financial sword, any market led by financials is good because of the important role banks play where the sector represents nearly 20% of the s&p 500. oil was down again. that makes retailers flourish despite the lousy february sales but disney powered higher as ceo bob eiger, our oh guest last night regaled the faithful at the shareholder meeting with a tighter than expected release schedule for the new "star wars" movies and a tease of "frozen" which could be hotter than the
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last one. this was a day of good sailing in a sea of worldwide uncertainty. recognize the positives. do not get come i play sent. remember, just like every other weeknight for ten years, through thick and thin, we are in this one together. let's take questions. >> hey, jim. i'm mike from new york. first of all, a happy anniversary boo-yah to you. >> thank you, mike. >> my son is 3 years old. when the show starts he says hello, i'm cramer! >> at the 20th he'll buy stocks left and right. >> i can't wait. >> my question is about con edison. i love the company. i have owned the stock for a long time. there's been a recent pull-back. i'm curious if i should pull the trigger and buy more or hold and see what i have for now. >> the problem with con-ed is in the end the utility. interest rates could start heading higher. you have best of breed along with dominion which i like and i like aep.
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i will caution against buying it now. the stocks aren't going to give you the lift you want. people think rates are going higherer. let's take a call. go to tim in california. >> caller: i'm calling from cupertino, california. this is tim cook at apple. congratulations on ten great years of "mad money" [ applause ] >> that's a good call. i want to congratulate you for running the greatest company onneth and creating amazing wealth and the great products on earth for everybody. i'm honored you areal calling this. >> caller: it's the great team that does it. you have been a champion for american innovation. of course apple feel it iss the same way. you highlight innovation as a center piece of your show. >> you make us proud and you do such incredible innovation yourself every time. you know i am totally involved with what you are doing for the
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phone. but of course for the watch. and if for the research. i basically am look at you are your company as the health company of the future. i'm looking at you as the credit card company of the future. there are great growth areas you are in charge of now, tim. >> caller: it's really incredible. in the first 24 hours of research, we have had 11,000 people sign up for a study in cardiovascular through stanford university's app. to put it in perspective, stanford told us it would have taken normally 50 medical centers a year to sign up that many participants. research kit is an absolute game changer. >> i think this is the most -- people who don't understand why you absolutely have to have this device which is why i can't wait until it comes out i'm focused on the fact that you are your product for retail with apple pay is the best. i have to believe given the banks, visa master card it's
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realistic to believe the customers will demand it from every major retailer in the world. do you think i'm right? >> totally. you said last year when it first came out it would take the country by storm. we have already 700,000 location s accepting apple pay. by the way we are really want to add your bar sand miguel to the list. >> done! >> if you do it i'm joining you there for dinner. >> you are too much. we always hear the company is so big, whatever. i look at your company and i think it's not that expensive. you've got the best balance sheet in the world. country, company, doesn't matter. you know my mantra. people should own apple not trade it. do you think eventually people will understand what i'm talking about? >> i think eventually they will yes. for people that owned the stock
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for ten years or so our stock price ten years ago when you started "mad money" was less than $6 on a split adjusted basis. you can bet those people are extremely happy now. >> everyone's thrilled with what you have done. when you come to work i know you come in hungry. the competition, are you feeling that you have kind of left it behind or every day you come in and say someone might have a better mouse trap? >> we live paranoid. we want the very are best product. if we are not beating someone else, we are trying to beat the thing that we have currently shipping. everybody here lives ss on edge. >> people are worried about the world, about currency. are those just the things wall street worries about and if you are home watching own a hundred shares of apple you should think tim cook and the team are ready for pretty much anything the world throws at us.
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>> currency is a problem. the best companies will figure out a way to manage it. >> i regard your company with the highest ideals and the greatest manufacturing. i know every day when you come to work i feel you must think you have a stewardship to fulfill because of steve jobs. i want you to know that you have far exceeded whatever anyone could have done. but you still walk in his foot steps. how do you feel about the legacy? >> you know, there's not a day that goes by that i don't think about steve. he is still the core part of applement his dna is deep in the company. his office is still next to mine with his name on the door. the values he placed here and the spirit that we are here to make the very best products in the world that enrich people's lives is still the center piece of the company.
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>> do you think -- i know from the book that the pipeline you are using while it was definitely had good things from steve a lot of the devices are yours and your team's aren't hay? >> absolutely. yes. we are now quite a ways away, unfortunately, from his passing. a lot of things started in creation after his passing. >> let me ask you about where he thinks we are going. i i know the car, the homement do you think of them as social cloud connectivity tinging of them as the next frontier or is there something i'm missing and i'm not thinking big enough sp. >> those are two big ones. health may be the biggest one of all. because for years people have depended on strictly somebody else to determine their health. now these devices in essence
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empower people to manage and track their own health and fitness. i think that market is probably significantly under estimated. >> let's go there. i know my cardiologist working on the stanford project, knows about it and told me that it's within our lifetime that we'll have your watch which will show where whether my blood pressure spiked which it did when youle called because i hadded no idea you were calling. we will have from your watch, diabetes, maybe blood pressure maybe cancer detection because of the great app system you have. do you think this is within the realm of our lifetime? >> oh i absolutely do. i absolutely do. you know discovering and curing some of these diseases will push our life expectancy much longer than it currently is ♪ ♪ -- so we'll enjoy "mad money" 50
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years from now. >> i'm honored that you called in. you are the best we have hab the best that's ever been. tim cook. [ applause ] >> you say some people want to make friends, i just want to make money. let me tell you, you have made at least one friend in me. i wish you the best. happy anniversary. >> thank you so much tim cook ceo of the biggest company in the world, apple. great to talk to you, sir. >> bye-bye. >> bye-bye. wow. what can i say? there are people you revere. i revere tim cook and apple. i am so proud they are an american company. i'm proud to be an american. happy anniversary, everybody. ten years of making you money continues. that was tim cook on the phone. holy cow. we're just getting started. "mad money" today. hasn't looked back. what bounds will it break next? i have chipotle next. a standard for an industry. let's see what the ceo has to
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say and a special edition of the lightning round is ahead. stick with kramcramer! [ applause ] >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter. have a question? tweet cramer # mad tweets. send jim an e-mail to madmoney@cnbc.com or give us a call at 800-743-cnbc. miss something? head to madmoney.cnbc.com.
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what we see, offering guidance the, telling you what to do with your money. there is one reason and one reason only. we want to level the playing field for you. for all of the people out there who felt disenfranchised, over their head diminished abused or befuddled by the financial system. that's right. you are the reason why we do thisment ♪ ♪ it's why we spend time explaining how things happened and that happened the way they did and how to take action to help yourself save or make money. "mad money" is not about picking stocks for you. it is a show about empowering you to think for yourself. it's about giving you the tools to stand up for yourself and ask the right questions to your broker if you need help . or to invest with a degree of confidence that will improve your chances of augmenting your paycheck at a time when wages
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are stagnant and you need to use your money to make more money without taking on a lot of risk. if we have to fighter for you to do that we will feegt for you. we will shame those who hurt you. we will stand up for what is right and who is right and who is doing his or her best to create value for you. now we know the process can be difficult. we recognize that index funds remain the preferred way to invest and we are not against them. we embrace them. why? because with an index you have a piece of all the tremendous companies with terrific prospects and amazing ceos. you benefit from this nation's bountiful progress. but we also know you like individual stocks or you wouldn't be watching "mad money" . we encourage you only with your "mad money" to invest in companies that fit your risk profile, company that is you want to buy and hold but always doing the homework. companies like boeing and
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chipotle, dizzysneydisney, pepsi kpae and under armor. we are here to serve you. to serve you any way we can. to teach, to coach, to educate and, yes, what the heck to entertain in order to make you the best investor you can be in all markets, thick and thin always together. why don't we take some questions. >> hey, jim. i'm in from auburn new jersey. >> how are you? >> congrats on the past ten years. i started watching you in middle school and i just graduated with a finance degree from seton hall university. >> fabulous uh news. >> my question today is about marriott. they had earnings last month. >> yes. >> they beat on earnings and announced they would have more growth and the stock hasn't moved much. i i wonder what your thoughts
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are on it. >> i think marriott is the best of breed. i spent time looking at starwoods since they have adam aaron from the town ethics over from me outside of philadelphia. i think starwood has to do a lot of catch-up hyatt, hilton. they are all in the shadow of marriott. i would continue to own marriottment if it came down below 80 i would buy more marriott. that's how strong the franchise is. >> boo-yah jim. a big bucks county eagles demarco murray boo-yah to you. >> i'm sorry, dallas boo-yah. back to you. >> thank you for coming into my living room for ten years. >> thank you. >> i love you. >> thank you. i lived in bucks county for a decade. >> i know. my question is i know the domestic oil industry has been struggling. it will continue to struggle but what do you feel pioneer natural resource wills do over the next year or so?
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>> pioneer pxd here and let's say eo oh g probably the two best growth vehicles. in the end if you are in a bad neighborhood it doesn't matter if you are you are the best. i think pioneer is terrific but i can't reck remend it here. i think we are going to be lower oil oh for a long time. pioneer needs to see oil going 60, 70 before i can say it's the reegt place to be. thank you for your kind words. [ applause ] >> cramerica, thank you for sticking with us. cheers to another ten years of serve ing you, teaching you and, yeah entertaining you. more questions coming up. first an american icon. i'm talking with the boeing ceo to see how high this stock can fly. stay with cramer. [ cheers and applause ]
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i have spent the last ten years on "mad money" searching for cycles the kind that can transcend the day to day noise and produce monster multi year gains. we are in the middle of a fantastic aerospace cycle. the airlines are flush with cash thanks to the ke cline in the cost of jet fuel. when airlines have money they spend it on new planes. they need every seat they can get now. boeing is perhaps the greatest manufacturer on earth with a are red shot stock up 17%er for the yearment let's take a look with jim mcnerney to hear more about how the country is doing. welcome back to "mad money." good to see you, sir. >> tank shanks, jim. good to see you. >> a lot of companies don't have ten minutes of visibility. boeing has maybe the best visibility for the long term. why is that? >> you lose if you don't. les's start with that. you've got to have a 20 year perspective on the market a
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20-year technical plan you've got to develop people over that cycle. manufacturing processes. so the people we compete with who don't take the long view they don't satisfy customers as wellment and you've got a 25-year relationship with the customer after you sell them stuff. so you've got to work with him. and invest in him and spend time with him. >> the toughest thing is you have to report quarterly. you're not a quarterly company, but you recognize that it's an important met eric for you. >> yeah. i think it's a means to an end. if you take the long view you win. if you win there is economics there for you and a competitive position with good barriers to entry. if you win over the long view you typically can manage quarterly, but innovation has risk associated with it. from time to time you get whacked. but it's this the name of the long view when it happens.
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>> in the short term there are whole continents hoping that uh you don't do as well and their plane does better. fair? >> yeah. >> you're not complaining? >> not at all. we're going to win. >> good answer. let me ask you about something. the quarter was magnificent. one of the things that happened is the defense has turned. i know we have been together for a long time. i was always concerned that it hadn't been the casement the rest of the world with defense too. this is a major kicker for boeing. >> yeah. the mix of our company is two-thirds commercial, one-third defense. >> mm-hmm. >> the commercial side is growing a little bit bigger. everybody wishes they had our commercial business. defense has got some tight markets, particularly in the developing world particularly in the united states. so everybody is trying to monetize their business now. that's keeping the stock prices up. but i like the growth on the commercial side right now. sequestration is a big concern.
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>> okay. let's talk about growth. can you boost production more than you have? how do you balance that versus the $12 billion buyback, the 25% boost in the dividend. say you put the money toward more production. would that boost earnings? >> yes. we have with doubled our production in the last five years. we are going to take it up another 30% over the next four years. those plans are baked. there is profitability, scale advantages associated with that. there are new planes we have already sold that are in our backlog. so we are in a good spot. these planes are tough to makement okay? it takes five six years to design them. it takes 4 million individually engineered parts to put it together. you've got to do a lot of things right to take the rates up. we've got a great team in seattle led by a fellow named ray connor who started on the floor as a mechanic.
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moved his way up through the company. now is running a $60 billion part of the business. he knows what he's doing. >> there was a worry at one time if oil went down too far we thought we didn't need the new fuel efficient planes. that was a false worry. >> as you said in the opening, what drives demand is the amount of money they've got. they are in a profitable spot. i suppose you could talk yourself into them not needing fuel efficient plane ifs the price of oil was zero. i'd buy that. but the facts are about one-fifth of the outlay is for the new plane. four-fifths is living with the plane for 20 years. the efficiency at almost any oil price really pays back. >> in the time left a personal note. i know you were kind to my father. he remembers looking in the pacific and seeing your planes. you have a great legacy.
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world war ii pewmuseum. everybody should go to new orleans. talk about the history and legacy of boeing. >> it's a stewardship that's humbling. you know our company produced 91,000 airplanes during world war with2. we are a $100 billion company and have produced 3300 over the past four years. this arsenal of democracy, stewardship, we played a role in the war that cost a lot of lives but we are very proud that fewerer lives were expended because of our role in it. it defended the values we hold true. democracy won that war and has enabled the next 50 years we all get to participate in. that's exciting and motivates the hell out of us every day we get up in the morning. >> democracy and american manufacturing which you are a part of. thank you so much . jim mcnerney, chairman and siouxceo
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on the week of "mad money's" tenth anniversary while skepticism is essential to investing sometimes you have to suspend disbelief to invest in a best of breed company even when it feels you missed the boat. take chipotle. this is an incredible company that revolutionized the quick serve restaurant business with tasty food that's healthy and sourced with integrity, different from the traditional fast food chain. they have rallied 2900% since becoming public january of 2006. every step of the way there have been those who said it wases too expensive, too risky and the same worries reported last quarter. i ting they are wrong are. let's check in with the co-ceo of chipotle hear more about the prospects of the company.
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welcome back to "mad money." >> tanks for having me. happy tenth anniversary. congratulations. >> thank you, monty. i have been thinking about the company. we have talked about the foodment we'll get to that. i want to talk about the people. i read a startling statistic that when you spoke. 90% of your general managers start from the crew. is that not the secret success of chipotle? >> it's a huge part of it. we hire the best people we can in at crew are positions. some of the best people want to join us because they know at chipotle the opportunities are incredible are. we plan to top that this year. >> because of that do you think that's why when i go the line povs fast and you get more people in? is that why they know me? they are taught to know me know my fame and say hello >> our people look at every customer including you to give them the best experience they
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can. when you have top performers the very best people and you develop them to be at their best and put them in a situation like chipotle where are we have a vision, where we are we trying to change food culture our people believe in the vision. our people want to change food culture, want to change how people think about and eat fast food. when customers come in they are proud to be a part of the team and proud of the food we are with serving. that's why they continue to recognize you when you come in. >> they recognize everybody behind me and in front of me. you talk about the vision. your co-ceo said in the conference call it is resonating with teens, my length yells and generation x. why is your vision resonating? >> we are really trying to do the right tinge. we are trying to change food culture and we are focused. we try to do it by having the very, very best tasting ingredients we can. ingredients raised with juan eye toward sustainability animal husbandry, the fair treatment of animals, environmental
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stewardship, healthfulness. really just great taste. we picked the best ingredients we can. then we have them served by people where we are looking to them for our future leaderers where we are with promoting 9,500 people into management positions every year. the crew people in the restaurants will lead chipotle in the future. that combination produces a really great dining experience and something that's really really genuine and resonates with customers. we think that's part of the reason are for the excitement people are feeling. >> i know you are willing to sacrifice short-term profit if someone does something wrong. you suspended a supplier because they didn't follow the animal welfare propertile kols which hurt your pork carnitas but you wanted to do the right thing. >> it was an easy decision for us. our auditor found out one supplier had situation where is they weren't following our
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propertile kols as they should have -- protocols as they should have. we were disappointed ploved the supplier from the system and we knew we would be short on pork for the foreseeable future. there is plenty of pork but not pork that's the quality we are looking to serve at chipotle that we are proud of oh. we did suspend it. it was an easy decision. not because it wasn't expensive. it was expensive for us. we did take a loss. but the decision was the right one. we want customers to know we care more about where our food comes from than they probably care about it. >> last question. recently i a very large international fast food chain said they would not use antibiotics in chicken. happens if people catch on? do you think people can catch on? if you go all farm to table there won't be enough beef in thor world to serve at chipotle. >> i know who you are talking about. i hope they follow through. we hope many restaurants copy
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what we are doing, use higher quality raw ingredients. the key is follow-through. people promise a lot of things but it is more difficult, p more expensive than they think and folks don't follow through. one of the things we hope to do in our effort to kaeng the way people think about eat fast food is to influence others to reach and take first steps that the one restaurant talked about taking to get toward a better protocol. even if they reach the goal they said they would reach in two years the goal they have set for themselves is lower than the current standard for the chicken we are serving here at chipotle. we think it is a great first step. we encourage it. we hope they will follow through and keep trying to raise the game. >> what you are doing is resonating with americans and the world. this is why we want you to go international. take your time. thank you so much sir. >> thanks jim. take care. >> guys right stock, right time. don't worry about the next quarter.
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worry about the next ten years. voices of cramerica make themselves heard in a fast fire lightning round coming up next. [ applause ] at ally bank no branches equals great rates. it's a fact. kind of like shopping hungry equals overshopping. why do we do it? why do we spend every waking moment, thinking about people? why are we so committed to keeping you connected? why combine performance with a conscience? why innovate for a future without accidents? why do any of it? why do all of it? because if it matters to you it's everything to us. the s60 sedan. from volvo. this month, get these exceptional offers on a new volvo.
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>> announcer: lightning round is sponsored by td ameritrade. [ applause ] >> ten years! still never gets old. and now it is time for the lightning round. you know the drillment when you hear this sound [ buzzer ] the lightning round is over. are you ready, ski-daddy? time for the lightning round on cramerer's "mad money." [ applause ] hit me! >> happy anniversary, jim. >> thank you very much. >> thank you for the education and the entertainment. >> appreciate it. thank you. >> my friends and i are super fans. >> thank you. >> my question today is about nova vax. i was a little concerned after the fourth quarter loss. >> you're right to be concerned. it's too -- this is not the market for novavax. if you want to go you do re re-generon. that's what i would go for.
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regn. >> thank you. >> hi this is scott from cupertino, california. >> two in one day. >> yep. >> what do you think of lrcx system. >> really good. there is a good chance because of intel. i like it. it's good. we're doing testimony fast. >> boo-yah cramer. what do you think about spring leaf holdings? >> there you go. i don't know that one. i don't know. yes? >> boo-yah, jim. mary from connecticut. my question is on master card. do you think it's a good buy now. >> absolutely. they did the spot secondary with guy going from b to a. buy it on a discount. one more. >> jim, can you tell me about seattle genegenetics? >> no. i still like it but i like others better. i do like isis better. that ladies and gentlemen, is the conclusion of the lightning
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round! [ buzzer ] >> announcer: the lightning round is sponsored by td ameritrade. ♪ 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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i have yet to see this one either. take a look zblrvelgts ♪ >> i spent 25 years getting this stuff right. 25 years on wall street making all sorts of people rich. now it's your turn. >> when i first saw jim on television i couldn't believe what i was watching. here was somebody discussing extraordinarily complex issues in a way which i presume ten years of success the way he communicates to the average person and not many people can do that. >> "mad money" has brought the markets into america's living room in a way that no other show has. >> the important thing about what he does is to try to make accessible to people who don't live this finance sop of the
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things that are critically important not just in our lives as individuals but to how the country does how the economy father s fares. >> i'm not talking about the person who lives on wall street but the regular person the guy who may not know much about the stock market. knows a little wants to know more sees jim's energy. jim jumps through the television into that person 's living room and brought the markets to america. >> the message is get involved. what does jim represent? get involved. it's fun, interesting. there are sound effects, stuff going on. this is for you. this is for that person and that guy and everybody who thinks the stock market isn't for them his message is it is for youment. >> it was a notion that you can focus and learn a lot and make smart decisions and make money and it can be all enveloped in this sort of atmosphere of fun like we are enjoying what we're doing. it's hard work but it's fun.
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>> mostly he teaches people how to think about companies, how to think about markets and their own well-being. >> i'm jim cramer. welcome to my world with. we call my world "mad money." you never heard of gerqy? that's all right. ♪ >> you need to get in the game! [ bell ringing ] >> nobody can process information like jim. nobody has the ability to get information from more places. >> how does jim's brain work? it's like a computer with millions of inputs all the time that constantly has to spit something back out in a coherent framework. >> his brain is beyond capacity. like the buzzer has already gone
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off a. can't hold any more information. yet somehow jim finds a way to store it somewhere. >> this is a guy whom howard schultz will e-mail in the middle of a show and say, oh by the way, that thing you said on starbucks, you should know this about us. that just doesn't happen. >> it's a combination of instinct and experience and the ability to just take a constellation of data points every moment and be readjusting all the time. >> he's the curator of an amazing stream of information that's coming from all areas. >> no one can equal his breadth of knowledge and his ability to process information. >> here it's jim's house. right? this is his house. this is the living room the man cave that i think the viewers associate with. this is where he tells his friends, his fellow home gamers this is where we focus. >> stock markets are complicated. he uses knowledge we all
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understand breaks it down in a way we can get our arms around. >> the show is about the people calling in, the voices we hear. these are people sitting home doing their homework. listen to the questions on "mad money." they are informed smart, clever. >> yeah i think he's got the little guy in mind when he talks about these subjects. i think he's respected by both groups. >> jim transcended the traditional audience. what i mean by that men and women, young and old, from corporate leaders to members of the pill tearmilitary, college students. he speaks in a way that's accessible to all. the common denominator is finding a bull market. >> jim's focus is the material. the companies. >> jim has a touch and feel for the market like nobody else has. really probably on the planet certainly that i have ever en countered that jim can see what's happening through that tape as if jim is the truth
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serum for the tape. >> i think there is a solitary aspect to his work because there are things only he can do. he's very much a team player. by extension, we are all sort of on team cramer every morning and every day at cnbc. >> working with jim is like getting to work with your best friend every day, five days a week. >> what i have learned working with jim is that you can be better. >> it's impossible to describe cramer with one word. loyal. jim's a loyal guy. loyal to his viewers. he's loyal to his friends. he's loyal to the people who know him best. i love that about him. >> there are just too many adjectives to describe him. that's why there are all those buttons up there. >> cramer is cramerer. cramer made the word cramer. cramer defines cramer. who is jim cramer? jim cramer. who is jim cramer?
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ok, if you're up there, i could use some help. smart sarah. seeking guidance. just like with your investments. that sets you apart. it does? it does. you're type e*. and seeking another perspective is what type e*s do. oh, and your next handhold... is there. you don't have to go it alone. e*trade gives you the support and guidance to make informed decisions.
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frank steele >> in this business you're always looking over your shoulder. johnny g >> tonight i'm looking at making anywhere from $25 to $50,000. i'm not risking my freedom for nothing. frankie flatscreen >> but the more money you make, the more trouble you get into. frank steele >> its 3 to 500 billion dollars a year business and i just want a little piece of it. johnny g >> my biggest worry is having enough money, being
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