hughes bhi, up 22% year to date. to dan's point, you're not exactly early but if you want to play the energy space, play here at shortstop. $65. keep it on a short leash. >> i'm melissa lee. see at 5:00. 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. i promise to help you find it. "mad money" starts now. i'm cramer. welcome to "mad money." welcome back to san francisco. cnbc market. i am trying to make money. my money is to educate and teach. call me at 1-800-747-cbc.

treat me at jim cramer. economy is hot. economy is cold. we shouldn't buy the stocks of companies doing well right now. no. we should sell those and buy the ones that could do well in the future. sister, daughter, sister, daughter. that's the latest battle playing out here. dow seeking 74. s&p 500 declining. nasdaq falling. it's being done with a god father the feds saying we aren't going to do anything to change the equation for better or worse. yet plenty of people are betting they don't mean it and they will throw cold water on what looks to be the cooling embers of a red-hot economy. the result a market that looks calm on the surface but is being roiled underneath. so let's set the stage. there are three big macro

themes. three ing issues that are causing stocks to zoom or plummet. the first, a budding slow down. we got a gdp showing a .2% game. west coast slowdown. we had brutal weather. however, we're a big nation. plenty of that was just -- so i don't have a good excuse for this hideous number other than there was a lot less business being done than we thought. second, oil is done going down, which means gasoline is starting to go back up. back in january, i said the $43 would hold. it did. it held. now oil is heading higher in large part because of dollar which everyone thought was supposed to get stronger seems to have peaked and it now going down. that directly impacts how much oil costs. it sends crude higher at least in dollars.

the gas guzzling consumer is going to start paying more. maybe a lot more. that's a worry. third, despite the slowdown we know the fed has set it's going to raise rates later this year. it didn't change too much when it issued its statement today. in fact i thought it was dismissive of the economy's weakness. but every word the fed puts out is subject to so much parsing that i would believe it's trying to take itself out of the equation. they intserpreted the statement as meaning rates will go higher. that had a negative impact on many stocks. put this together. there's a slowdown going on. perhaps because the dollar has been too strong. despite the slowdown the fed may still raise rates sooner rather than later. the prize of the price of gas is going higher. everything we thought was happening has been turned on its head. the market makes its typical

snap judgment and slaps retailers and airlines two prominent players of oil, are dumping anything related to housing. interest rates, mortgage rates are going higher. at the exact same time the money sloshing out of those stocks is finding a new home in the banks. which benefit from a higher interest rate, along with the u.s.-based international companies that can do better if the dollar has peaked. now this market is not really equipped to make that kind of change on the fly. there are too many investment firms who have been caught without a seat in this game of musical chairs. there are too many funds that have been banking on a strong consumer and lower oil. too many portfolio managers betting on a stronger dollar. so we're seeing tremendous dislocations internally. you know what? i like to make the story come alive. let's pick two. spirit air you know i like that. the discount

humana ultimate darlings because of lower oil and a strong traveling consumer. humana is domestic. doing well thanks to the affordable care act. surprisingly, despite very healthy numbers from other airlines, spirit didn't do all that well, courtesy of competition in the texas market. when you graft that on higher oil prices and planes that weren't all that full you have a stock that just got obliterated, down more than 9%. while manage you supported numbers, it didn't deliver. that's shocking frankly. needless to say, even if the other companies in the sectors are doing well they all got pulled down by these two. we didn't have retailers that blew the quarter today. you know what? we did get an inexplicably weak number from bw from buffalo

wild wings, which supported a slowdown in the last month. that plus the cost of wings, which soared more than 40 cents, nailed the stock sending it down more than 1%. wow. again, it pulverized the shareholder base. remember how the market works. when a company that rarely misses the estimates misses them badly, we rethink the whole group. more accurately we sell the whole group. then we pick through the rubble at a later date. typically, when it su subbsides. so what may this seem mras i had on on the sussrface? first, hot the giant hotel change said it would consider any and all options from starwood. that sent starwood soaring along with competitors. anyone who buys this will do so with cheap money so the deal

would be additive marriott hilton, you get the picture. then we have the opposite. a rumor about how salesforce.com might have contacted bankers to sell itself. this is difficult to swallow not just because the founder showed me a mockup of the tower that he is building for his tech team. after last night's interview i came away to thinking he is committed to going it alone. when i contacted him, he told me and i quote, we never comment on rumors because we can't. i could see how people would like to start a rumor. oracle raised a ton of money for an unspecified reason. mark happened to see microsoft executives because they were here in san francisco today for a presentation. still i'm not going to take a no comment and turn it into a comment. considering sales forces current market cap of $47 billion, it would make for an expensive and

unlikely acquisition. then again as i have seen here in my week out in stress this is a city in dreams. sometimes ss they come true. if you want the ultimate in the misjudgment, consider this gopro and fwiter. lots people have written off gopro as a gimmick. it's doing better than we thought. the stock was up 12%. twitter though got yet -- got hit again, just crushed again. almost 9% on the same weakness as yesterday because many traders thought it was doing bet than it really is. stick around. i got a solution for those guys. on other hand apple went down again, even as it reported the greatest quarter ever told just the other day. let's put it all together. you have a market that still is trying to process the change i told you about in yesterday's show. one that's got traders selling what is safe loved and doing well. they buy what's daring hated and doing poorly.

here is the bottom line. no wonder people think the market is crazy. like in football on any given sundz sunday, you don't know who will win. today went to the underdogs, because some of the best players on the favorite squad got knocked out of the game before it even started. call us. let's go to chris in north carolina. chris. >> caller: i have a question for you. do you think it's safer to buy money -- to buy gold through stocks or just go ahead and buy gold state out and keep it in a safe deposit box until the price goes up? >> i'm a huge believer in gold in a safety bepositz deposit box. the old gold stock is rand gold because that has good costs right now. let's go to al in california. >> caller: hi, jim. regarding dupont what

probability would you assign to the iss recommendation being sufficient for trying to gain more representation? and is that probability sufficient to warrant holding the stock in the face of an almost certain decline? >> well let's put it this way. i think it could help dupont see the next way to go. i think dupont needs the help. i think it would be terrific. that said i can't place the odds, because this is one of those stocks that frankly the fundamentals weren't as good as i would like them to be. i think the stock can go higher. i think you are correct in your assumption.jerry in illinois. >> caller: go blackhawks. love your show. >> thank you. >> caller: speaking for the dow in general, when interest rates go up do we expect a significant drop? if so do you expect a quick rebound? >> i think that it's obvious

that a lot of people will sell if interest rates go higher. there are stocks that have a good yield in the dow. those stock ss will go down. i think if what we're finding is that it's doing nothing. today went to the underdogs because some of the market's favorites got pummelled. stay calm. i will guide you through. i got the players that are transforming retail as we know it. don't miss my exclusive with the cee of instacart. my take on the biggest names in tech including google twitter, alibaba, plus my one on one with the man behind one of the best performing stocks i know. it could continue that way. when "mat moneyd money" continues. stick with cramer. >> follow @jim cramer on

twitter. send jim an e-mail to mad money at cnbc.com or give us a call at 1-800-743-cnbc. miss something in head to madmoney.cnbc.com. ♪ if you're looking for a car that drives you... ...and takes the wheel right from your very hands... ...this isn't that car. the first and only car with direct adaptive steering. ♪ the 328 horsepower q50 from infiniti.

the real question that needs to be asked is "what is it that we can do that is impactful?" what the cloud enables is computing to empower cancer researchers. it used to take two weeks to sequence and analyze a genome; with the microsoft cloud we can analyze 100 per day. whatever i can do to help compute a cure for cancer, that's what i'd like to do. there's some facts about seaworld we'd like you to know. we don't collect killer whales from the wild. and haven't for 35 years. with the hightest standard of animal care in the world, our whales are healthy. they're thriving. i wouldn't work here if they weren't. and government research shows they live just as long as whales in the wild. caring for these whales, we have a great responsibility to get that right. and we take it very seriously. because we love them. and we know you love them too.

maybe they just don't see it. maybe they are just too close to it. i come away from my trip to san francisco saying people don't understand. these days there's so much venture capital money flying around that anyone can start a company. but at this moment it's what to do with the companies once they're public that matters. i know. i sound like a typical east coaster, a financial guy. but that's what's necessary right now. because i've been talking to too many businesses that i would snap up and put together if i were running a huge company that can borrow money for next to anything or use its stock to make acquisitions. what should these big businesses actually do? let's start with google. a company that has too much cash, along with a search capability that's second to none. at the same time google has an

asset like youtube that it hasn't been able to figure out how to make money with yet. i have a solution. google should just go buy its partner twitter, which would be a logical seller especially after today. twitter's current management can't figure out how to mon advertise its own business. it's cheaper than it was two days ago. why not strike before the iron gets hot again? given twitter's franchise -- even if they screwed up the quarter, makes me believe the company will turn itself around. step two, google should buy the rights to every single major sporting event that comes up from football to lacrosse to any kind of soccer. it needs to stream those events on youtube, with instant commentary coming right alongside them from you on twitter. right now google locks a significant social component. it should charge a licensing fee to all big companies that have

employees who tweet. that's the commercial revenue stream that's a killer that twitter so lacks. that takes care of twitter and google. let's play investment banker for yahoo! or priceline, two companies in need of growth. yahoo! has a ton of cash and a stock that we reduced to next to nothing after it spins off its stakes to a alitoally be a be a. you merge grubhub with post mates and instacart, who you will hear from in a bit and you have a one stop shop way to get anything you want delivered right to your door in one easy app. anything. nothing sure which place to order from? acquire yelp. you can have reviews alongside the app. both yahoo! and priceline need

so badly to expand into what i call the last mile the one from the retailer or the restaurant or any other kind of store to the customer's house. how do i know this will work? i got an in. from my perspective as an inn keeper/restaurateur, i can tell you how important the combination would be for both enterprises. just like twitter is in the discount aisle, so are grubhub and yelp that put up disappointing numbers. you can't buy when they're soaring. you buy them when they get crushed, which is now. of course not all these companies are seller. you could make what i call a god father-style offer that can't be refused. the deals, they will get done. just to be sure priceline, having bought open table for $2.6 billion last year these would be the perfect compliment. as for yahoo! it's got money.

it needs growth. i just gave yahoo! the growth path that could get people excited about a company that's currently being valued at roughlyrough roughly zero. these would make yahoo! more than just a good steward of capital. we heard that already. they turn it into a growth company again with the steady stream of revenue that we would be thrilled to pay for, because we don't want to wait in line. we only want to go to the best store or restaurant. we want to get the finest ey can offer. steve in pennsylvania. steve? >> caller: i know you like cost containment stocks. what do you think of anthem? >> i think anthem is actually jumped up ahead of humana. i was stunned. united health has come down and it has been such a good company. i prefer united health to anthem. let's go to venu. >> caller: good day.

wanted to take your input on oracle, which is still not a cloud company. and then compare them with microsoft, crm and work bay. i know you did call the ceo yesterday. is oracle stock buy, hold or sell? >> oracle is an inexpensive stock. it has been an amazing stock over the last ten years. i don't know. we had a rumor today. who can tell. priceline and yahoo! two companies in need of growth. this could be the perfect time to make deals. more "mad money" ahead, including the leader who just inked a deal to deliver chipotle to your door. another rising star instacart, they are teaming up with whole foods, costco to bring groceries to your door. plus a biotech up over 350% in

the past year. it's not done. all ahead when "mad money" continues. stick with cramer. good. very good. you see something moving off the shelves and your first thought is to investigate the company. you are type e*. yes, investment opportunities can be anywhere...

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one of the reasons we're out here in san francisco all week is because this city, like silicon valley has become the heartland of innovation. san francisco is the home of post mates. kind of like an uber for occur couriers. they bring you what you want within an hour for a small fee. this company is revolutionizing the way we shop and corporate america, they are taking notice. witness the recent partnership with starbucks and chipotle. let's look with the co-founder and ceo of postmates to learn more about the story. welcome back. >> thanks for having me. >> like the pat.

amazing. i saw you last time. that was before starbucks, before chipotle. these are probably the two biggest accounts i think anybody could partner with. i want you to describe how you got them and where we are. >> you know it's funny. i think the chipotle deal happened because of starbucks. starbucks was a huge milestone for postmates as a company. the fact that we got starbucks i think i mentioned it before is because the companies work similar. we're both people companies that care a lot about the people. weaver operating the largest on-demand delivery fleet in the united states. 10,000 people doing deliveries. we care a lot about them. we created insurances that are world class. we created packages that nobody else offers. starbucks realized that in the process when they looked at the players. >> my understanding, this was a very competitive situation. >> it was. they all are. it's what is happening over the last six months. this market that postmates helped create this on-demand

delivery space. they look at all the players in the market. every one decides to go with postmates. >> you have talked about how ridiculous it is that there wasn't a postmates. it didn't make sense i couldn't get to something, that i had to go to amazon and get it shipped. i thought that analysis -- if you could share with us. >> the idea behind postmates is what if you could use a city as a warehouse? >> city as a warehouse? >> imagine how beautiful that is. imagine you can search for a hat or tie in san francisco. you find the stores that deliver. you press a button and have it delivers. short ways. short energy that has been used rather than shipping out arizona. that's what postmates likes to be. >> this is a small business dream. they cannot compete against amazon. until postmates gets involved. >> huge part of the mission was to give retails in cities better weapons to fight against amazon. you know what?

they have been bullied around. our friends that work in retail spaces they find employment difficult. people come and look at products and shop at amazon. i believe that the real reason they're doing that is because it's cumbersome to shop in retail space unless you are in it. we want to help unlock the inventory. >> we should talk about what it's like to be a deliver. i think there are people who watch our show who think about working for you in the spare time. you get a background check. you do a lot for -- to be sure it's the right person. then the people know where that person is. describe the process. >> yeah. if someone is interested you can literally go to postmates.com/apply. we will get back to you. we put you in an orientation session. you can be out there. the way that i often describe it is it's america's best part-time job. that's what it is. it's very complimentary income to another job that you are doing. it's perfect for students. we have a lot of artists. you should meet some of these people. they are truly amazing and

inspiring people that can use postmates as a source of income at the times when it suits best for them. >> chipotle, you were doing stuff before. obviously, even though they saw starbucks fall in line, they liked you. >> when we launched three years ago, we did deliveries from chipotle. we got a cease and desist from them. they said, guys we don't really -- we're concerned about the food quality. you know what do we have to lose? we decided to ignore it and just continued to go on. i think what happened is over time that they warmed up to the idea, first of all, that there's a persistent startup run by a stubborn german founder and american co-founder. we showed them we can deliver the quality they want. we delivered over half a million

dollars in burritos. i think it was at some point just the right moment for them to say, why don't we make this more official? why don't we work together? >> on their end is that you boost their comparable store numbers go up because of you. >> i don't know the details. that's what we see in a lot of spaces that we're working with. 76% of all the places that we deliver from have not done deliveries before. >> one last question. you talk about the notion of the insurance. i mention this because some people are saying uber does not insure. i want to know what you are doing for the people that is special enough that someone else might not. some people feel couriers don't have a good life. >> thanks for giving me the opportunity. first of all, we're matching the insurances that uber and list are offering. it's $1 million liability on both sides if you are in a motorized vehicle or not. what's special in postmates case is we offer a $50,000

occupational insurance. that's if you want to try over the weekend, if you are in an accident, your medical $50,000 are covered regardless if you are have insurance or not. we think that's an important thing to offer. >> it was my understanding that that was the clincher for why you got these contracts, because you care. that's the postmates co-founder and ceo. two big wins since i have seen you last. >> thanks a bunch. >> coming up a billion dollar dash for ondemand dollars is on. instacart has been delivers for whole foods and costco. is there anything else in the bag? don't miss cramer's exclusive just ahead. when a moment spontaneously turns romantic why pause to take a pill?

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ever since the biotech, we have seen a downgrade. i said most of the small speculative development stagers have been too risky. there's one i still like very much. especially at the lower levels. that's rcpt. it's the company that's developing ozonomo, that's a drug with multiple indications, each of which could be worth billions in sales. originally, it was viewed as a pill for multiple sclerosis. it's in trials. more recently we learned it could work in a host of other auto illimmune diseases. it might work on other conditions like lupus or

psoriasis. if everything goes right, it could do $5 billion in sales, which is larger than $4.67 billion cap. while if quadrupled last year it's up nearly 20% since two months ago. it's down about 50 bucks from its day high of $202 back on april 1. it's the biotech that's worth buying in weakness. let's check in with the president and ceo to learn more about where the company is headed. >> thanks for having me back. >> since we saw you last there's news about the progression of what you are doing with ulcerative colitis. >> we were just off the presentation in barcelona where we were presenting our data for ulcerative ulcerative colitis. it was to see whether this worked in a longer study. we just press released that we

hit on all of our parameters all of our end points were significant. so we're excited. that's really getting us -- giving us confidence to move into phase three, the registrational stage for this drug. >> you are going fast. that's because this is a large unmet need. >> absolutely. these patients really don't have a lot of options. that's really a real sad point. these patients really they start with five asas which are not effective. about 60% of patients will fail on that. then they move to steroids. 60% will flare on the steroids. then they move to high power buy logics. to be able to have an oral pill for the patients that's effective and as effective as buy logics is important. >> when do we start hearing -- when is phase three? if everything goes well. >> we will start phase three back half of this year. we're npin the operational

planning mode. we will have this last half of the year. >> we didn't spend time on multiple sclerosis last time we talked. i think it's clear that the side effects of your drug are more reduced than the current popular drugs. could you tell us where that is? i know you are pretty far along. >> in multiple sclerosis, you require two phase three studies for registration. we have completed enrollment in the first phase three study calledcall ed radiance. that's a two-year study. now we have to wait for the last patient to complete two years of their treatment. the second study is sunbeam, a one-year study. we're enrolling that study. we have -- hope to have both read out in 2017 which should have us if all goes well seeking approval in 2018. >> that's a very quick time frame. at the same time your company has a lot of cash. it's not like you have to take

advantage of any jump in the market place and issue a lot of stock to get these deals -- get these drugs approved. >> right. it was important for us to raise the capital. of course, what we're doing is capital intensive, as you mentioned. we're in blockbuster markets. that comes along with needing to enroll a lot of patients. we raised $700 million last year. we're in a very good cash position. that really gives us the ability to move the programs forward. >> the reason i brought it up is that we have had a lot of biotech companies on air. what happens is they run out of money and they either try to issue a desperate secondary or they give away a lot of the up side to big pharmaceutical. you are in a position to really jawbone these guys. if they want you, it can be done on your terms. >> right. we do have a lot of confidence in what we're doing, in both ms and inflammatory bowel disease. we will start a crohn's study

soon. it's significant. we are currently evaluating our choices and our options right now in terms of whether or not we partner with a large pharmaceutical company or looking at the possibility of going alone. >> let's talk about that. ubs issued a good report. i want people to invest in stocks, not to trade in them. i like this. go it alone strategy could create more value, $225 price target. when you think about these things it is true that you could see -- you sold a company. they paid a lot of money. there's a price that anything that you have to is you have to surrender surrender. >> at some point we are running a public company. we're here at the behest of our shareholders. at the same time, the value equation is important. if we do a deal today, we're giving up approximately half of the value going forward. but the calculus we're looking at is whether we can achieve

higher commercial heights if we're partnered. we have a lot of confidence to build an organization to commercialize in the u.s. we also think there's a real possibility we can do that in the eu. we're in the midst of evaluating the options and choices. >> what's the point where we should be able to get more data? >> what's coming up next is we will be showing our data for our second program. it's an antibody to il-13. we have it being tested. that data will be available first half 2016. the ms data the phase three studies, that data will be available in about 24 months two years from now. then, of course, that's when we will submit for approval. >> i hope you don't wait that long to come on. it's great to see you in person. we have done a lot of remote. you have the best pipeline of any of the young biotech companies we have followed. i congratulate you.

thank you to the president and ceo of receptos. this is when you try to start a position in a company like this. thank you. >> thanks. ♪ i am never getting married. we're never having kids. mmm-mmm. we are never moving to the suburbs. we are never having another kid. i'm pregnant. i am never letting go.

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it's time for the final san francisco edition of "the lightning round." i will take your calls rapid fire. then the lightning round is over. are you ready? it's time for the lightning round. start with eric in california. >> caller: from san diego.

after the recent biotech sell-off -- >> give it a little room. it has had a big run. we will let the stock come down and then do buying. let's go to harry. >> caller: hi. >> what's up? >> caller: congratulations to you and your wedding. i work for a subsidiary of utx for a number of years and was able to buy utx stock. my portfolio is probably 70% utx stock. >> i like united technology. 70%, no way, no way. no more than 20% in one stock. we diversify. james in connecticut. james. >> caller: i hope you are enjoying san francisco. >> couldn't be better. it's beautiful out here. >> caller: several months ago you recommended mobile eye. i wonder if it's a hold or should i dump it?

>> i said we should take a hold of mobileeye. it's getting interesting again. i'm not against it. this is not a great market for speculation. let's go to jason in pennsylvania. >> caller: love the show. >> that's a fan. >> >> caller: is now a good time to get more altrea? >> we don't want to back up the truck on anything. i think because rates are going higher, but altria is good. i do think that's an inexpensive. how about renay in florida? >> caller: hello, mr. cramer. thank you so much for helping everyone. i have read all your books and i watch you every day. what do you think about the stock dlr? >> digital realty not a fan.

if we're going to go down that path, just not -- it's not a good stock. i'm sorry. there's too much uncertainty. let's go to lou in arizona. >> caller: yes. thanks for taking my call. my question is lea, buy, sell or hold? >> i like the auto parts stocks. they're doing better than the auto companies. don't have the interest rate thing i'm worried about. you know what? i think that's an excellent time to end the san francisco "lightning round." >> sponsored by td ameritrade. store. it lets you trade stocks options, futures... even advanced orders. and it offers more charts than a lot of the other competitors do in desktop. you work so late. i guess you don't see your family very much? i see them all the time. did you finish your derivative pricing model, honey? for all the confidence you need. td ameritrade.

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thanks to the rise of the smart phone not to mention a new generation of people who grew up using the internet many of the web-based concepts that flopped 15 years ago are some of the sexiest ideas around. a grocery delivery company called web fan went bankrupt. it was too early. fast forward to today. one of the hottest companies is an online grocery delivery service. i'm talking about the san francisco-based instastart which received a $2 billion

evaluation. after 15 years, i think this is an idea whose time has come. it lets you order groceries by connecting you with thousands of personal shoppers who collect your items. it was founded in 2012 by a former supply change engineer from amazon. it's expanded to 15 markets across the country partnering with more than 15 grocery stores. yesterday they announced an expansion to petco. we learned giant uber could be entering the fray delivering a merchant delivery program. is there enough room? let's dig in with the founder and ceo of instacart to learn how about his company is disrupting the grocery business. two unmet needs, whole foods

want to get people to shop but they don't have time. the customer doesn't have time to go to whole foods. that's where you fit in. >> absolutely. we found that there's customers who have always wanted grocery delivery to their door. they wanted it in one hour two hour, in the same day. the fact is that has never been able to be done before. now, because of the fact that smart phones have been existing and the penetration is so high we have this huge pool of crowd source labor that is available and enabled to pick and deliver groceries. that's why this is now possible. >> what do i do? i go on my app? whole foods i saw an ad on the subway in new york it said do you want this? instacart. what do i do to get that? >> sure. it's actually very simple. you open the app. choose a store and the items you want. add them to your cart. they arrive at your door when you want them. >> how much more does it cost than if i went? >> for most about $3.99 to get

our delivery for under two hours. >> how about if i'm at my hole tell and there's no room service? >> instacart is a better mini bar. >> they will bring it in an hour? >> absolutely. get all the groceries you want from your favorite stores in a city and get them delivered within one hour. >> i know you worked at amazon. they are try doing that. they can't compete with a local guy. >> you know amazon has a disadvantage. the reason for that is because we deliver within one hour two hour or same day from your favorite store. amazon delivers the next day with their amazon fresh program. they deliver from their warehouses. customers want the groceries from whole food. they want the groceries from costco. they can get that through instacart. they cannot through amazon. >> does any shopper know good from bad? >> we train our shoppers to make

sure they understand how to pick groceries really well. they pack the bread in a way so it doesn't get squished. we make sure that eggs do not break. these things are minor details, but they are very important for us to perfect. >> let's talk about petco. have i i have two dogs. it's out of my way. i know i want the stuff delivered. how do i get -- how do you i specify i want something from petco? >> open your app. choose the petco store. search and find what your dogs like. add them to your cart and there you go. in a day, petco offers groceries for pets. >> you are a person -- so is there any reason when you hear that uber wants to be in it that you would think uber knows how to do it? >> i think it's fantastic. they deliver passengers. why not deliver packages?

what does that mean for instacart? i don't think it means much. when you think about groceries, you have to think aboutentryintricate details. how do you make sure you work with a retailer well? lou how do you make sure you are delivering to the customers and the groceries have not spoiled? those things are extremely intricate. we have purchased them. i think that uber should do package delivery. i don't think that's going to include groceries. >> one last question. why did they pick you? they could have picked anybody? >> you know walter and john are fantastic. both of them have built a fantastic brand over the -- they have built a fantastic brand with whole foods. when we met them, we were able to show them some of the innovation that we had done in the grocery world. they loved it. i think that they knew that we were aligned with their culture

as well as we thought they were aligned with us. >> you helped their bottom line. you helped them on valentine's day. you delivered roses. >> i think it's -- we have focused ourself as the retailer's best friend. i think that helping grocers like whole foods is a win win for us. >> excellent. i think it is for the consumer. instacart founder and ceo. i love these companies out here. stay with us. tomorrow kick off the trading day with ""squawk on the street," live from nyse. >> oh my god. >> he got the no coat memo. but the no tie memo i couldn't be bothered. >> too many going on. >> it starts at 9:00 a.m. eastern.

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higher. oil is done going down. we thought it was going to go higher. interest rates are going higher. doesn't seem right. that's causing tremendous dislocation. get used to it. thanks to everyone who shows us so much hospitality out here in san francisco. i'm jim cramer. of course, i will see you tomorrow. >> he basks in the glow of gorgeous women 14 hours a day. >> beautiful. nice. >> she gets to kick butt and rub shoulders with stars. >> and action! [ both grunting ] >> these guys go for joyrides in cars worth more than most people's houses. and they all make a good living

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