tv Mad Money CNBC March 18, 2015 6:00pm-7:01pm EDT
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t cheap, it like it here. >> what did we learn today? rates, 4.6 yield for return. >> i'm melissa lee. see you back tomorrow for 5:00. the one and only "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. other people want to make friends. i'm just trying to save you some money. my job is not just to entertain you, but to educate and teach you. so call me at 1-800-743-cnbc or tweet me @jimcramer. we now return to our regularly scheduled earnings per share program. that's how the stock market reacted to the fed statement this afternoon that it will do
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what's right for the economy when it sees fit and may or may not be patient depending on whether patience is required or warranted. the dow gained and the s&p gained 2.22% and the nasdaq. so we go back to what brought us up here profit outlooks opportunity, and most important, pent-up demand. no not pent-up demand for laborer sales or new homes. pent-up demand for stocks. as so many portfolio managers wanted to be sure the fed wasn't going to create another they know nothing moment and crash stocks lower. yep, we've become binary again, hanging on every word from the fed, hoping and praying it won't do something stupid. while we were hoping and praying the money stacks up on the sidelines and the hedge fund and mutual fund managers along with the pension fund managers,
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they're just waiting to hear with the fed will blow it. when the fed doesn't blow it and the big bad event is over, we rally like crazy! you would think that we would eventually have some faith in the fed not to do the wrong thing. given that the u.s. is the strongest economy in the developed world at least for the last year but maybe not the last six weeks, it would be nice to give them some credit in washington, wouldn't it? we keep getting the fed wrong, including the blow hard who want them to blow up the only organically healthy economy in the world because, hey, they're not going to let it happen. so many people believe that even though many of our largest trade is partners would be crushed by a fed rate hike, the fed is somehow blib yus and will make a giant mistake anyway. it doesn't happen. so many seem to think the federal reserving a bunk of local yolkles instead of
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realizing that fed chief janet yellen is a unique learned person who spent her whole life preparing and studying for this job and she genuinely has the backs of hard working and soon to be hard working americans. so many people just don't understand that perhaps the foremost expert on the impact of u.s. interest rates on overseas markets, the man who saved the world from the asian contagion in the '90s, stanley fisher now the vice chairman of the fed. you know what? we are really lucky to have them both. so many hedge fund managers who need the market to come down because they're short or underinvested. so many screaming commentators who hate the fact that the fed is even important enough to impact real business and yes, politicians who wouldn't know that we were thrown back into recession within the great recession in 1937.
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goingle it. they can't believe that the yellen-led fed has a better handle on things than they do. so people step to the sidelines or sell for days leading up to the fed meeting as they did for the last three straight days and they wait for the big, bad event to end. when it is over they survey what's in the good news panel and then pass which is why i'm telling you to get that shipping list ready, before you miss your chance. right now you're witnessing what happens when those other investors pounce. perhaps you're wondering why didn't i act before when the market was down for three straight days. the answer? the answer is simple. what the cowardly lion didn't have but what you need if you're going to win big in this game. the courage of your convictions to buy the stocks of high quality companies when they're trading at a discount because of the scaredy cats and cowardly
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similar bas when they're all there dreaming one day that they might be few fast sa but never would be. the fed has an impact on the economy so hopefully the dollar's rally would be arrested. that's ceo's portfolio managers and even other country's central bankers because they can catch their collective breaths and be mindful in the present. a multi-national economy can preserve a stronger dollar. or we look at oracle and say you know what one day the dollar will stop rising the other currencies will stop falling and we should prepare for that date right now which is why oracle maintained its move and went higher throughout the day. we can also say you know what oil is getting sticky here. it got hammered again and then it reversed. what does that mean? it allows other oil companies that some people think are on the reasons want to be opt tune is tick to refinance like you could at home and cut the interest rates.
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yesterday i told you to watch crzo a fantastic independent oil company run by chip johnson who has been on this show. his company offered 4.4 million shares to ensure they have enough cash to get through tough times. what happens with that 4550? if you bought that just yesterday, you made money as the stock closed at $46.89. that's a huge gain if you're trying to make money today. it tells the buyers out there that they have to pounce the next time an oil company offers stock in the hull as we call it or below the last price. think about it. instead of saying who's going out of business which so many people are saying, you say i want some of that stock which is why every single down and out oil driller and oil company rallied today. did you see those rallied? they can all refinance their balance sheet as they go the
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chip johnson way. i don't know if janet yellen and company knew they were going to allow that to happen or just some collateral ecstasy for the oil producers but it's working. it's not like they're glad handers and country folks who want stock prices higher. besides, those kinds of clubs are probably still restricted anyway. they're simply looking at the data and any way you slice it february was horrendous except for employment. you would actually be cutting interest rates. of course, the real greatest moment is that there are enough companies doing well that it's not hard to find stocks to buy. take starbucks. we're going to be speaking to the ceo later tonight and he's going to be talking a pretty darn good story when he does. of course we'll learn more about the controversial hashtag race together, even though both of those things are a tad more psychological compared to the monster earnings power that we
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have to talk about in kram america because schultz is unleashing that by the day. the money rolls back in tech and industrials which were weak yesterday bass the dollar weakened. we see some of the unusual moves in biotech. the market loves social media all of a sudden. why not buy tesla ahead of when elon musk puts on his edison hat and pied pipes tomorrow. hey, come on when musk speaks as he will tomorrow the coolest listen. and they buy. but the bottom line is once again, the fed is smarter than the average bear or even the mensa bear for that matter and proves that it knows something. remember the big old smokeys out there? only janet yellen not you bad mouthers can prevent wildfires. once again, that's exactly what she did. jill in pennsylvania, jill?
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>> caller: jill from warminster p.a. >> warminster holy cow, i used to hang out there until it turned into coals. >> caller: great place. question about coca-cola. i want to know if now is a good time to buy coca-cola and what is a good entry point. and also will the strong dollar affect future earnings and maybe sales in the emerging markets? >> first i want to say that you have no accent and i have no accent and everybody else has an accent. i'm going to put that out there because you're from two miles from where i am. coca-cola is hedged out. that's okay. coca-cola i think is at a pretty interesting level because they own stakes in keurig and stakes in monster beverage which makes me intrigued by the story and no one ever got hurt buying coca-cola including warren buffett. leslie in florida, leslie?
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>> caller: hey, jim, first-time caller. i'm brand new to the stock market so i've been trying to do some homework. one of the stocks that i ran across is viva system and i was wondering what your thoughts were, and is it okay to buy stocks that do not offer dividends? >> it's absolutely okay but v i va is a battle ground. shorts and longs. you go on the web, go on twitter. guys hate it guys like it. we buy they are mow fisher which is a terrific company. we crow about it many times. that's your life science copy that i want you to buy, 1 $33 and going higher. cramerica, welcome back to earnings per share program. on mad tonight, we've covered the best wall street ballers in every region but the west. that ends when i cap off my
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version of march madness with some of the best players in the game. then it's a story that everyone is talking about. starbucks race together campaign. i got the man who started the controversial conversation. it is controversial and it is a conversation. ceo howard schultz. plus could pipelines with your path to profit? i got the play. stick with cramer!
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two seeds and respected names in the regions and given you their stock market equivalents. we've only got one more region left, the west. remember i know how much thought and effort and work many of you do filling out your brackets. in a perfect world people would spend the same amount of time picking their stocks which is why every year i try to equate march madness. last night i equated kentucky with apple, kansas with general motors. how about the final ncaa tournament in the west. which stocks are our final picks for march madness money money stock. the number one seed in the west is university of wisconsin, go badgers. the story of wisconsin's success is all about a well coached offense. this team is number one in america when it comes to adjusted offensive efficiency. for every 100 possessions they score more than 100 points.
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not bad. good offense, good leadership best of breed. wisconsin is a lot like krooimer fave wells fargo. the equivalent is a company with revenue growth especially accelerating revenue growth which is something money managers can't get enough of. when i screen this over the past four quarters only 23 companies fit the bill and warren buffett's fave wells fargo is on that list. then up 3.6% and following quarter up 3.8%. remember the banks benefit from higher interest rates. if you believe that rates have to eventually come higher something that became more likely i felt today when the fed dropped the language about patience, then the best way to play it might be wells which by the way has the finest retail banking business in the land. plus just like the wisconsin badgers wells fargo well coached. i'm talking the ceo. a fellow midwester, one of few
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banking executives who retained his job during the financial crises because he used it to make opportunistic acquisitions that turned his company from a regional company to a domestic banking clos sis. number two in the west university of arizona which has been taughted as one of the teams that can potentially defeat kentucky to win the championship and is my choice to win it all in indianapolis, at least in one of my four brackets that i filled out. why not. arizona has a classic basketball program that's been on a tear for the last few years, reaching the sweet 16 in 2013 the elite 8 in 2014 rngs many thought this year should have been a first seed. that reminds me of facebook which has been on a multi-year tear tripling over the last few years, basically trading sideways since the end of september. now it looks like it might have what it takes to break out. a couple months before arizona disappointed with those ugly losses, facebook reported a quarter that caused a lot of
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consternation. it lowered its guidance. the next day the stock fell 10%. however, it was knocked out of the park at the end of january. now its stock which has been stuck trading between the 70s and 80s looks like it might be finally breaking out on some fabulous news about how it's going to offer a payment system that will immediately rival the big credit card companies and paypal, too, if they get it right. big if but they might, even at these levels. this stock is not extensive. it's trading 31 times the earning estimates which some say is cheap. now, how about some of the lower ranked teams? sometimes when a team or a company is the number two franchise in the division it gets overlook. i kind of feel that way about fifth seeded arkansas razor backs. they're in the same conference as the university of kentucky and they looked second rate against the wildcats.
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reminds me of cramer fave popeyes. the number two chain behind kfk which hasn't been getting much respect lately. i think they're underpromising and overdelivering. you have a great deal here with the stock down six points from its high, highly unlushusual. finally, my alma mater the local 13th seed. even as an alum it's hard to imagine the crimson going all the way. in the last two years they've pulled off two consecutive upsets. what's a good lock? let's go geographic. the cramer fave contract organization that provides drug companies with everything they need to discover new compounds and conduct early stage trials. my executive producer likes to call them 1-800 lab rats but i
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dialed it and nothing happens. charles rivers giving you an 84% return and we've been along the way the entire move. here's the bottom line. remember, as you play with your march madness brackets picking stocks can be nearly as fun aspicing the winner of the tournament and investing in high quality companies like wells fargo or facebook tend to be more lucrative than gambling on sports. college basketball is deserving of so much homework surely your portfolio deserves the same level of dedication. head to "mad money".cnbc.com. i'm not going to be denied. sandy in washington? >> caller: hi, jim. thank you for taking my call. what are your thoughts about american express now that it's going to sever its relationship with costco but adding an honors program with exxon mobile rite eight, macy's and at&t? >> i'm concerned. i dumped it and here's why.
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i did not know and i thought the company was a little opaque about how important costco was. i think that costco growth overseas was a makejor driver for axp. i think they're a sale. i don't think they're going to have the growth that i thought. more important, i felt let down that they had such a key relationship that they let go for whatever reason and never really told us how key it was until after the incident. dan in connecticut, dan? >> caller: hi, mr. cramer. before i give you my stock i'd like to say i've been a loyal viewer since i was in middle school when my dad first introduced me to you. now i'm a finance major at sacred heart university hoping to work on wall street one day. you have been a major reason why and i'd like to thank you for teaching us young viewers so much and keeping us so engaged in the stock market. >> i remember the group of kids from the university of texas today felt the same way. you got to get people involved. the great ideas come from you, my friend by looking around.
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how can i help? >> caller: i'd like to know your opinion on go pro. they've fallen quite a bit since their highs but i think it's too far too fast since the important under 40. what do you think? >> as a flier you're a young fellow maybe but that was a trade like ali bab ba was a trade in the singles day, go pro was a trade into the christmas holiday season. once a trade is finished i don't look back. put the same amount of time in your portfolio as you do with your bracket. when it comes to filling it with the west coast players i say go with fb and wells fargo. much more ahead including my interview with the man behind the biggest story of the day. i'll ask ceo of starbucks howard schultz about his campaign. then the crew chaos has put the entire oil patch in a world of hurt. plus the breakouts that need to be on your radar screen. i need you to stick with cramer!
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yesterday howard schultz caught a lot of flack for his bold race together initiative. designed to use his coffee chain to kick start a national conversation on race relations, something that's very consistent with the company's socially conscious image. at today's annual meeting howard and his team spent time on the genesis of this campaign along with ahost of other initiatives. in the wake of his annual investor day which i watched on closed circuit tv and loved, let's check in with howard schultz, the founder, chairman and ceo of starbucks. welcome back to "mad money." >> thank you, jim. thanks for having me. >> howard i go and get my triple ven tei cappuccino.
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i say hello. they say hello to me. i never noticed whether they were african-american or caucasian. now i do. is that good or bad? >> in all fairness jim, i don't think that's the question. let's first look at the situation in the country today. between ferguson madison, wisconsin, new york cleveland, obviously the country is being torn apart by racial injustice and a level of racism that we haven't seen publicly for a very long time. i think starbucks has had a long history of recognizing that we have a national footprint and we want to answer the question in the affirmative, can we use our scale for good. all we're trying to do is potentially do something catalytic to start a conversation. we don't want to be intrusive on any level. in many ways this is what we did a year ago when we had the concert for valor and raised the level of awareness when in fact, most of the american people did not know very much about the 2.5 million people who were serving in iraq and
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afghanistan. so in conjunction with usa today in producing this document which will be in our stores as well as over 2 million usa's on friday, we're simply trying to raise awareness, the level of compassion necessary to bridge the cultural divide that exists in this country today. if a customer or a barista wants to opt out, it is not mandated. it's simply an act of kindness if, in fact the customer wants to receive a cup and understand that we're just trying to raise the level of awareness and sensitivity and perhaps that person may have a conversation with a co-worker or somebody else as a result of the fact that we took this initiative. this is not marketing. it's not p.r. i think what happened yesterday was a little bit misguided about what took place on social media. it was out of context. in addition to that, we announced today that there are 6 million disconnected youth in this country, the majority of them are black and latino. they're not in school.
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they're not working. they're ages of 16 to 24. like what we did with veterans on the hire initiative, we announced today we're going to hire at least 10,000 of them over the next three years. lastly and i know it's long-winded, i think it's a time in america where race relations diversity and inclusion affects all of us and i think the country would be best served if we could live in harmony and live together. >> i was surprised, i have to tell you. you put in front issues like gay marriage gun control, partisanship in d.c. veterans affairs and jobs. were you shocked that it was so vitriolic? >> i wasn't because i knew that this is an issue that obviously has a high degree of emotion attached to it and is very complicated. but let's go back to the beginning. i have held town hall meetings
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across the country with employees in los angeles, new york oakland, st. louis, and in chicago. i've also met with chief bratton. i've met with chief beck in l.a. i've met with chief o'toole in seattle. so i tried to do my homework and really understand how could starbucks use its scale for good. i recognize that when you are taking on an issue like this and you're establishing leadership and potentially going against the grain, there are going to be people who are going to be angry and upset, but what i try and do every day is ask myself is this initiative in the interest of our people our customers and our shareholders. this was discussed at length at a board meeting a month and a half ago, and i give great credit to our board to recognize that this is a time when we all should not be a buystander and we have to have a level of engagement on this issue. i also think that the country is at a tipping point.
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how long are we going to ignore these issues before something very serious happens, more serious than has happened in isolated ferguson or madison or new york. this is a nationwide problem, a problem that we need to address, a problem that's been going on for hundreds of years. starbucks is not going to solve the problem unto itself but can we be a catalyst and potentially elicit the help and support of other businesses and business leaders. i will tell you i have heard from other ceos and other businesses who have complimented me and the company on this initiative and want to know more information about potentially what else they could do inside their own company. >> but howard i regard my starbucks as my third place. to quote melanie hobson this is a third rail issue. why would i want as a customer or as a shareholder, a third rail running through my third place?
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>> i think you're missing something. a, if a ba brees ta does not want to write on the cup they don't have to or if the customer doesn't want to accept it they don't have to. jim, writing on the cup is a small piece of this overall strategy. the big piece of the strategy is starbucks and usa starting friday creating real content that will help all of our customers understand something. i think this is vitally important. whether a person wants to admit it or not, we all have some level of unconscious bias. if we could approach that with a higher degree of empathy and compassion and understanding, it will go a long way to bridge the divide. writing on the cup is a piece of this issue and it's not something that's going to last long. it was a catalyst to start this. what's going to last long is our company saying that we believe that there is a serious problem in america where in every community almost in america and can we use our stores and our
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national footprint for good. i would also tell you lastly and i think this is the most important piece of this this decision would not have been made in the affirmative if the large majority of our people weren't supportive of it and very proud to participate in it. so every open forum i've had across the country, our people have encouraged me and asked asking the question how could starbucks get outside of its small self and relative to the small meetings we're having and enlarge this to a larger conversation. >> twice you said i'm missing the point. i drink starbucks every day, so i don't think -- my position is both as a customer and as a shareholder. i don't know if i'm missing the point as much as i'm concerned about starbucks as a place, as a company, and as an institution, and i want to get my priorities right. remember, i don't work there. i go there. i'm not trying to say the wrong thing or the right thing. i'm trying to understand the context because there's been an
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overwhelming response, a firestorm, and sometimes i think the message was hijacked already and i think the message needs to be put in the context of look this is voluntary. it's not like you go to our place and you're going to be taught something. i'm concerned as someone who watched the stock today because that's my job to that i just don't want the message lost because in the end you're a great american company doing fab things for shareholders, for people who work there for customers. all three have to be balanced. >> you said it better than me so thank you. it is voluntary. it's voluntary for our people. it's voluntary to the customer. starbucks is a primary place for people to have conversations to meet. it's a social place. we're obviously not going to do anything to dilute the integrity of the third place between home and work which starbucks provides every day in this deep sense of community. but perhaps we can be a catalyst for some people to take the message and take it away take
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it to their children take it to their co-workers and have a conversation about race. one of the things we learned throughout the country in having these meetings is creating a safe place where people felt an opportunity to talk about their life experience and what happened taught other people who are not like them an opportunity for greater understanding and compassion. and i think that is what's needed. >> okay now, i want to ask you, do you think -- you've been criticized from both sides which tells me that you've done something right. do you think an initiative can be both a cynical exploitation to get more business and at the same time an idealist initiative that can hurt business? >> well i can without question tell you, jim, that there's no part of this on any level that's about marketing or p.r. or trying to get month are business. you know the company and i think you've known me too well to know that this is from our heart and from our conscience asking
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ourselves how can we use our scale for good. i don't think it's going to hurt business. we certainly have not seen that in the last 24 hours. this is going to have a long tail to it. i think people trust the brand. they trust the intentions of the company. they trust our people. and i have great faith that our people will do the right thing and not put any customer in a situation where they're being handed something they don't want to carry. >> i completely share that faith but i would be wrong because it is still "mad money." i felt technology initiatives and post mates, the ideas we've had them on our show of getting your beverage delivered, that would have been monumental. can you give us the business side. >> i want to say something. i'm not in the business of short-term rewards on a 24-hour cycle. we're building a great enduring company. the stock split, the delivery opportunity with post mates,
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they have a significant national infrastructure that will leverage all the things we want to do. we talked to a number of companies, they clearly won based on merit. then we're going to have delivery in certain buildings. we announced directly that we'll have delivery in the empire state building. one thing we did announce today which is quite significant and that is a joint venture with one of the largest ready to drink beverage manufacturers and distributors in the country of china with over 1 million points of distribution. they'll be bottling and distributing bottled frappuccino in china. that's a huge deal going forward. >> howard i wish i didn't have to say that you were courageous. i wish i could say this is every day business because it should be. right now it's courageous and i think it's great. i want to thank howard schultz, chairman and ceo of starbucks. >> thank you. >> look starbucks, look inside yourself and think about it but i also look in the end, it is
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cramerica. what a great stock, what a great guy. stay with cramer. well, sir. after some serious consideration i'd like to put in my 15-year notice. you're quitting!? technically retiring, sir. with a little help from my state farm agent i plan to retire in 15 years. wow! you're totally blindsiding me here. who's gonna manage your accounts? this is a devastating blow i was not prepared for. well, i'm gonna finish packing my things. 15 years will really sneak up on you. jennifer with do your exit interview and adam made you a cake. red velvet. oh, thank you. i made this. take charge of your retirement. talk to a state farm agent today.
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six-year low, what are we supposed to be to do with the pipeline focus that at one time has been one of the strongest markets performing. take mmp, a stock that spiked almost $3 today. they have the longest refined product pipeline in the industry. it transport gasoline and diesel along with the storage business with 95 million barrels of crude. roughly 85% is fee based, not the price of the commodities. it's got a strong balance sheet, so important. lots of projects in the works including the building of 800 to $850 million pipeline. so let's take a closer look with michael myers, the chairman and ceo of ma gelen mid stream partners so hear about where his company is headed. welcome back to "mad money."
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i've got to tell you, i was so glad when you were coming on the show. your company has made a lot of money for our viewers and you have been the most level headed of the people that have come on about oil. the mass limited partnership that's fee based but still depends on the transport of projects that are currently existing plus new ones, can that exist at $45 a barrel? >> absolutely it can exist. first of all, when you look at crude oil, the market needs crude oil and we transport crude oil. partnerships transport it. the market needs the product so it's going to move. it's just a matter of how much moves and whether you have commitments from parties that are credit worthy and can support the movements. >> let's talk about it. i saw today anna dark co came in. so many people want to be in this that it seems anti-thet cal to the business that i hear about the buzz. >> with regards to our project, we have partners now, we have
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plains. anna has just joined the partnership. we're very happy with that partnership. but i think that sets the example that we're investing for the long term. it's not really what the price of crude oil is today. when we build a pipeline the issue is and the question is what's the price of crude oil for the next 20 years. it's not going to be $40 or $4.0545$45. >> this is an unnatural price you believe? >> absolutely. oil has always been a cyclical business. the world market is not balanced at $45 crude. it's going to drop off. drilling is dropping off. production lags the drilling but it will if the price stays at this level but it can't stay there for long. with that dropoff in production you'll reach a point where supply doesn't meet demand. >> let's take the case the other day of a project that was
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cancelled by newfield. here's a place, 100,000 barrels a day out of utah. it would have been natural to build a pipeline but now they're canceling projects. that means a pipeline that will never get built which means that perhaps or will be on hold and will keep you from raising distribution because you've been a serial raiser. you need that growth. >>le with growth is important and there's no doubt about it. but we've got a lot of projects. you've taken one example where they're probably challenged. if you look at the global picture -- the domestic picture. you've got a lot of opportunities. the demand for storage is growing. >> we know from curbing you need storage. >> absolutely. there's strength in that market and facilities on the coast. that's a primary for us marine facilities and storage and dock capacity. you can look at the individual cases and say maybe that's
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challenged but the growth has not gone to zero. >> what would happen -- let's say you were 50/50. would you want to invest in that company? >> i wouldn't be opposed to it. again, the price of crude oil is cycles lick cal. it's not going to stay at $45 forever. the more commodity exposure you have the more issue is when you time it to get in. >> but it's timing. next year at this time you don't think it's going to be as low? >> absolutely not. >> it has to go higher because of worldwide demand or u.s. demand? >> it's a combination of growth and demand and the reaction we get from the low prices today which is going to bring supply in balance with demand. >> i'm with you. i don't know how fast but you know your business better than i do. that's michael mears of a company i regard as the most successful. "mad money" is back after the
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it is time for the lightning round. are you ready? time for the lightning round. let's start with morris in georgia. morris? >> hi jim, thanks for taking my call. i appreciate what you and your team are doing for the average investor. >> thank you. >> caller: my stock is dicerna form suit cals. >> i'm on hold on this one. let's go to mark in tennessee. >> caller: via come. >> these are such controversial stocks. this is too much of a battle ground. it's been up and down. i have to say don't buy because the longs and shorts are going at this one. let's go to don in pennsylvania.
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>> caller: jim, thanks for taking my call. a long time fan, first time caller. >> thank you. >> caller: my stock is akam. >> this is a content delivery system. it's terrific as we keep proliferating in all sorts of ways. i like it. let's go to pete in. >> caller: booyah. lion biotechnologies. >> this is another one, this is a t cell play and i do like this one very much. i wish -- we actually kind of missed a little bit of it. this comes in with the juno and halo and it works for me. let's go to elijah in texas. >> caller: antero resources. >> i'm doing to stay away from that. dan. >> caller: mr. cramer booyah from philly.
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congratulations on ten years. thank you for all i've learned from you over the years. i want to ask you a few things about our local favorite five blow. >> i'm nervous about that. it feels more like rei and a little tebow like. we're going to stay away from five blow. that, ladies and gentlemen, is the completion of the lightning round.
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sglfrjts how come hardly anyone takes any profits in these pesky biotechs. i didn't see sellers in yesterday's ugly session or today either. it seems like we're one of the most prolonged nonregister ringing moments i can recall. take the action biotechs are breaking out here. rejen ron which made a new all-time high today. it's moving to anti-cholesterol formulations. in the old days every time the stock would gain more than ten points people would go nuts selling it knocking it right down. now post the anti-cholesterol results we saw last weekend coupled with the positive new england journal of medicine piece, the stock has been straight up. truly impressive. how about his peer yon, they decided to raise money in the
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secondary after their anti-cles ral pill showed positive results. they have to strike while the iron was hot. it was almost as though mutual funds wanted to amount the takeover of the darn thing. spear yon more than tripled last year. up after yesterday's $22 run and today's followup. talk about a pair abollic move one that i totally understand. while their cholesterol reformulation is way behind it does not require an injection. it can be taken as a pill. that's going to be huge no matter what. does going to the doctor every other week for a shot is not acceptable if a pill can give you nearly the same results which appears to be the case right now at least in the trials. even though they announced the secondary offering, it still went hugely higher today. that doesn't happen. still it's amazing that it took rumors of a secondary to even slow the stock down for a nano second. you did get a meaningful pull jack in receptives today down $7 and change. i think it's a trefic buying
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opportunity because this company has an important franchise. stock has been going up in a straight line and we finally got a breatherment i like the breather. probably a good level to get started. some of these endless biotech moves because of monster performances which came at such a high price that the short sellers seemed to give up. part of it is because these companies are meeting multi-billion dollar needs. just a remarkable and unheralded run for all of them. you know what this rally may have still more. it's got to tell you it's refuelling and it's going to happen and start again. stick with cramer. aflac! and a gentle wavelike motion... ahhh- ahhhhhh. liberate your spine... ahhh-ahhhhhh......aflac! and reach, toes blossoming...
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ma gelen mid stream i know that may not have been the most exciting part of the evening. it doesn't matter. what they were saying and they know more than we do. oil at this level actually is low enough that you're going to catch a bottom. i think that's really important because this is the same level that rich kinder said would hold and you know kinder morgan is another great company. two great oil minds saying this is the level. there's always a bull market somewhere. i'm promise to always find it for you right here on "mad money." i promise to see you tomorrow!
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>> narrator: tonight on restaurant startup... >> i don't know what the hell to do with you guys. >> narrator: it's a clash of culinary conjurers with very different visions. a mad food scientist hoping to bring molecular gastronomy to the masses. we take a chocolate truffle and float it in mid-air. >> i am right now kind of freaking out. >> narrator: a classy caterer looking to razzle dazzle the rich. >> we have a lot of wealthy people down in naples that have disposable income, and they're willing to spend it on dining experiences. >> narrator: with hundreds of thousands of dollars on the line, will one of them earn an investment from joe or tim? joe bastianich owns a portfolio over 30 restaurants, along with eataly, a high-end italian market. tim love is a celebrity chef
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