tomorrow. they're going to have a tough time. >> good show. fun showton. i'm watching the ibp. does it bounce off of these levels. i think it may tomorrow but not good long-term. >> i'm melissa lee. thanks for watching, see you my mission is simple. to make you money. i'm here to level the playing field for all investors. there is 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 teach you, call me or tweet me @jimcramer. this morning, my partner david faber, we were doing our mad dash segment as we do every day near the bell, i started out by

saying, "boy do i hate this market." judgment would make sense when you consider the dow dropped another 180 points t. nasdaq knowsdived a percent-and-a-half and david perfectly played the gate to my frustrated yag. i hate this market. i hate this market! okay. it's just awful! >> chayet a strong word. >> hate. >> you dislick. >> i dislike it. there are sectors, though, that i do like. >> he couldn't be more right. i am no cheerleader for stocks. obviously. despite what a fed official recently said about me on "squawk box." i haven't liked this setup in ages. i'm totally fixated this year is down 20 times in the last 25 years. that's horrendous. nor can i be sanguine when the moment the fed chooses to do nothing. all the commentators talk about is when will the fed decide to act? you know what, it's like a continuous loop of ignorance.

more important, there is just too many things that keep going wrong! it's a sick market without any leadership. take its queue from whatever foreign market is the worst in the world at any given moment. today it's germany! because of the massive understandable second-day rollover in this battle with volkswagon, thanks, to this developing scandal about tricking the emission czars, globally. the german market is down almost 4%, because of the huge waiting in volkswagon. that's right. the index has a lot of volkswhat gone in it. germany is a huge car exporter. it is shocking the country to its core. volkswagon, we bring down all the german level stocks. all the rest are beneficiaries. that's what happens in a bear. but if germany were up and the chinese market were getting clobbered off the usual

slowdown, commodity issues, then guess what, i think we head down over china. we'd be down over brazil, we can go down over jakarta, at this point, it's so bad. that's such a reason i have become a global critic of this market. i am negative. i know this on my twitter feed. people want me to be bullish. they chide me for not liking stocks. you think i want to be bullish? many sectors trade horribly. i will not choose to be oblivious. my goal is first to do no harm. i see many stocks in harm's way. still, though, let's get back to what david brought me up short about. i know this market's group by the bear. i'm not going to let the spire market get me down. because while there's much to dislike about the overall state of things, i would be remiss not to suggest some stocks are going down, even though they shouldn't be. i want to be constructive. others are becoming bargains, simply because they're a part of

the malestrom taking down everything. what am i constructive about? i can give you interesting stocks plummeting, which i think deserve to be bought, buy, buy, buy, sell, sell, sell, or sold. let's start with the defense stocks. this morning as i read through the new york time's and the "wall street journal," i was brought low by the sheer amount of confidence around the globe. a brophy interview with the president of china, serves as a reminder that china now has designs on east asia. how about syria? when was the last time you saw an adventuresome from russia bring in heavy weaponry? how about the old soviet union? we don't talk about the war between yemen and saudi arabia. there are wars barely covered bety press area. don't call me a warmonger, please. the last time we squared off by enemies like this one during the cold war, where we projected ourselves as the world's policeman. we walked away from that role,

forcing nations to arm themselves. so how can i not be constructive about the defense strategy as they come down like all other stocks? sure our country is not rearming at the rate you'd expect. but that's spurring huge international sales for the likes of raytheon and lockheed martin. however, going back to when i told david i hate this market, nothing i said just now makes me think, aha! this is the level to buy these defense contractors, right here. icognizant this market wants to go down. yet these stocks get more attractive as they slide lower. i think they will only become more attractive as we head into an election year, where all the candidates from both parties seem more inclined to spend on defense than our current president. how about some of these food stocks? this morning, just this morning, general mills reported a picture perfect quarter with good growth, rising gross margins and some obvious expanded version of annie's the natural organic

company using to take the supermarket by storm. the stock barely rallied. but that's okay. just think what it it would have done if the s&p futures weren't pulling the whole market lower. mims, as it's known, has everything going for it. everything from a stiff commodity and it can grow, not because the stock goes down but because the payout will be raised. what a welcome relief! let me explain how much i like this mims. did you know that campbell soup reported not that hot quarter and the stock dropped in its wake. now it's at 51! oh, that's a beautiful sector tailwind that you simply must be constructive about and remember general mills is doing much better than campbells. did you know that buffalo wild wings hit an all time high yesterday. think about this, we had the ceo sally smith after that last amazing quarter. i marvelled the stock wasn't going higher. here we go, it's now almost 20

points since if interview. it's a crummy tape. i like darden this morning. it was when they decided the expansion down the road. i don't blame them. i do smell food cooking. that's opportunity that keeps going lower, like the dividend. there are other stocks i'm waiting in the wings for. i went to my lowe, i am well aware it is being brought down along with home depot. is there a chance to get back into ultrasalon below where it reported in that breakout quarter? remember that interview? what a examined story. my point though, is simple. if you choose to be negative. i get it. this absence is horrendous. but if you choose to be judicious, there are "options action" to try to make money. so here's the bottom line. just because there is misery in your screen doesn't mean you can't make money. there are plenty of good ideas out there. unfortunately, this market has to work a lot harder to find them. joe, in my home state of new jersey, please, joe!

>> caller: a big boo-yah from morris township, new jersey, jim. >> how can i help? >> caller: i want to know your opinion about the board dispute over at banc of america and do you like money moynihan as a ceo. i know they wanted to separate the two positions. but i, myself, like moynihan and what do you think of the stock moving forward? >> i think joey is a survivor. my charitable trust owns it. i think he has the banks trading down. i think he's ready to go higher. i think people that don't like these kind of things, sell the stock. let the board decide like the former ceo of wells fargo, he said, look, it's an important decision. if you don't like the stock, sell it. i liket for earnings. i like it, it's cheap. >> that trumps all this, roy in utah, roy. roy? >> caller: yeah, boo-yah, mr.

cramer. >> boo-yah. >> caller: calling from orlando the greatest place on earth. the question is, is alcoa, is it a game changer? >> yes, i think this is a game changer. i think the technology looks a lot like nucor. mr. iverson created that great, great method of creating steel. i think this is a game changer for alcoa, but let me be very clear, roy. i think i'm the only person other than clause klein, the ceo, feels that way. that's okay. sometimes it's better to be alone. larry in massachusetts, larry. >> caller: boo-yah to you and your family. >> how can i help? >> caller: after last night's presentation or la quint is that you are liked by your candor when we get fooled by a corporate executive.

>> thank you, there were some people on twitter who said, look you are so smart, why didn't you figure it out? you can't game this. i read twitter. i thought, that's it. i'm going to put the jets on. do you know what it takes to get me to root for the jets? it takes a series of negative tweets to get me -- where are we going here, larry? >> caller: listening to the verifone. you called it roll out and engage, should i defend my position 20% down or admit a mistake? >> i don't know. they're doing that new chip. it's really terrific. i that verifone should be doing much better. i like the last quarter. like a lot of stocks, the company is doing everything right. larry, i would urge you to stick with it. i totally get the frustration. holy cow, the stock can't get out of its own way. all right. i know it's hard to be positive about this market. but if you are thorough, you can

find money-making opportunities. there are just not that many of them. i hope you dig for them. i am drafting not one, with you two rounds, two stocks you could be interested in. find out who i am picking for some of the highest scoring positions out there. the rbs. let my fantasy portfolio include your financial reality. looking for something to worry about? i got three things to add to the list. in a difficult environment like this, it's hard to find stocks that are higher. i'm going off the charts. highlighting companies you probably never heard of. you do not want to miss it. so why don't you stick with cramer? ♪ >> don't miss a second of "mad money." follow @jimcramer on twitter. have a question, tweet cramer #madtweets. send jim an e-mail @cnbc.com of give us a call.

1-800-743, cnbc. miss anything? head to "mad money" cnbc.com.

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i will do anything to help keep you interested in the stockmarket, even a market as brutal and as treacherous as this one. because when you stop paying attention is when your portfolio really starts taking a beating. and now the football season is in full swing, i want to keep hammering home this fantasy football analogy ♪ alleluia cftc. >> because building a good stock fantasy is a lot more mess rerizing than the s&p 500. still, if you can devote half as much time to the stockmarket as you do to your fantasy league. >> that can help you trim your losses and isolate winners in a tough take like this one. last week i told you about a quarterback, in fantasy, you want someone like tom brady. in the reality of the stockmarket, you want a company like home depo. i think they're equivalent. this week it's time to draft players for what may be the most important positions in fantasy

football. the running backs, rbs, owners depend on them to get a large portion of their team's points each week, which is why they tend to be drafted so early. so when you are looking for a stockmarket equivalent, you should search for stocks, that are steady producers, companies you can count on to produce positive results for your portfolio year in, year out. they compensate you despite a robust dividend. there is one twist, though, in fantasy football, a lot of people like styles for running backs for the team. maybe you want a downhill runner who is a real bruiseer, a player who uses finesse to get results? with that in mind, who do you apt as your running back? you may want the running back to the chi bears, they let me know the core competencies and execute period after period after period. not a big fancy. . it's consistent, excellent results.

for me, that's the equivalent of honeywell, with terrific management in forms of the bankable ceo. here's a company that manufactures everyone, from aerospace and climate control systems, security equipment, special materials, turbo chargers and refining catalysts. >> that may seem to be a desperate businesses, but at the end of the day, honeywell is about inventing new technology. they will solve some of the world's toughest challenges. they are a consistent operator. it's the equivalent. since entering the nfl, corte had a thousand plus yards in five out of seven seasons. nearly as important, he rarely misses games, something that's hugely important from the perspective of running a fantasy team. honeywell is at the exact same level of consistency. you can follow along. companies inline or better than expected earnings per share for eight straight quarters. despite one of the toughest

backdrops i remember. honeywell also constantly is investing in new technologies, in order to boost its future growth. something that sets it apart from other old line industrials. they can pass like matt corte who in my opinion doesn't get credit for his receiving prowess given that he has we'll be right back up to date r up 700 season yards in each of the seven seasons. he was drafted somewhere in the middle of the 2nd round carting yahoo fantasy sports. honeywell presents good value here, too. the stock has pulled back more than 10% from its august highs. trades 15 times next year's earnings estimates. general electric and 3m, both sell 16 times earnings. the reason honeywell has been slammed is we are out of the market. it's like everyone is playing for a losing team. but it's a long season. and 'bama can bount back. it sports a 2.2% yield.

remember, though, you said you want two kind of runningbacks. you have a bruceer, i have a player with a little more finesse. when i think of a running back with finesse, my mind goes to eddie lacy with the parkers. he averaged his first two years in the league, he was especially a good investment for your fantasy team, he added more than 400 yards receiving along with four receiving touchdowns. in this environment, lacy's stockmarket equivalent, general mills. they named package food maker giving you a 12% gain in the last year. . even as 2015 has been a lousy year for the averages. as i said at the top of the show, there are more ahead. just as lacy is a nimble finesse runner, despite being a pretty good guy, general mills is a gigantic company. general mills is looking for ways to evolve and stay relevant. hence its natural organic foods, putting the brilliant division i acquisition of annies, to remove

artificial flavors and colorings from all cereals. don't forget, they delivered a ten cent earnings boat and the company's best days are ahead of it as it continues its natural organic transformation. also like lacy, can you run the ball down the field and catch passes. general mills gives you two ways to win. its stock has been good at running higher this year. it also pace you a sizable did. currently with stocks selling at 18 times next year's earnings estimates, it trades in line with oliver and campbell's soup, a big discount were kraft and heinz, quit the similar to lazy right now. given the just injury is he injured his averagele last weevenlthd you might be able to acquire someone in your league for less than he's worth via trade. if neither honeywell or general mills appeal to you, let me give you runningbackss with great potential. i like carlos hyde from the 49ers.

he reminds me of paypal. how about marshawn lynch? another consistently, just remarkably consistent back. but every year it seems like the consensus is he runs too much and therefore gets no love. >> that reminds me of buffalo wild wings after its epic run pass of $200. here's the bottom line. when you look for running backs, you need players with consistent production for all weather and environments, for your stock portfolio, that means core holdings with consistent track record to juicy dividends. if you want a downhill player like matt forte i recommend honeywell, for a more finesse player like eddie lacy i say go general mills. you have to play each weekend. maybe you buy both. much more "mad money" ahead. another. to worry about in this market. today's triple move in the red. how foreign concerns become our concerns. then i said it before, i don't like this market setup. tonight i'm highlighting aen individual stock that is doing quite well.

a total anomaly. you probably never heard of it. after another gloomy day of the averages, call me crazy. i decided to focus on the positive. last week i had a chance to get personal with wells fargo. i'm bringing it to you tonight. stick with cramer.

>> what's worrying people smarter than i am? what is? they're concerned that there are other reasons why we keep going down besides the on again off again soliloqueys. i see three real worries people buzz about, i will point them out not to scare you. it will explain how far the market is connected with ours. the first is volkswagon, the largest automobile maker in the world. it committed a campaign of fraud far worse than any i can recall with tenticals in pretty much every nation t. rigging of an emissions test can be considered a criminal conspiracy by our justice department which is now bent on going after the individuals who did the wrong doing. the big accounting firm arthur and irson to not crush entire companies with the behavior with a few individual t. justice department's investigation, covered with the e's inquiries could do serious damage to volkswagon. i would think every other

regulator would pass on them. every lawyer will tell you they have a bad set of facts on its hands even by its own admission t. path-of-bp or worse can't be ruled out a. gigantic cheney that will be slaughtered world wide pops as a sticking points. the second one is a company glen core. it's a natural resource company in switzerland, it's pretty much a black box of commodity exposure. they raised money in the equity markets recently. wow, it got hurt badly on that deal. now the core stock has fallen to an all time low as investors talk about the declining commodity prices which are hurt by the slowdown in china. are they right to be so concerned? the issue is simple. we have no idea. in this market you have a shoot first and ask questions later at an enormous commodity based company for all we know has exposure. >> that can cause real problems from investors holding on to bonds. finally, there is petro, ppr, a

brazilian oil company which issued a ton of bonds. you might be looking at pathetic stock among the largest companies in the world. now 43% for the year. i'm looking at the 143,000 in debt petrobras has, given the steep decline in oil. this company has amazing properties. these three stick points can't bring down our entire stockmarket. in fact, you can argue they shouldn't have all that much impact, but i've seen currencies from southeast asia and bonds from russia cause huge damage here when they fell apart in the late 1990s. so who am i to dismiss the overseas worries now. no, they're not a reason to run for the hills. yes, volkswagon, glencore and petrobras are causes of what's making smart people nervous and are inclined to pull in their

bullish horns. knowledge is power. you have the knowledge these bright money managers are discussing and on the trading desk on a daily basis. let's go to francesca in illinois. >> caller: good afternoon, mr. cramer. how are you? >> i'm fine, how are you doing? >> caller: fine, thank you. in may, bob lang the technician recommended the chemical stocks based on their charts. specifically, dow, dupont and do you. are they technical buys and do you recommend them longer term. >> i dupont is down 30%. we talk about levers that can pull. lion dell i'm not sure. it has been a bad stock because it goes down with oil. it's a raw feed. that's the the way the stocks trade. i remain committed to dell for my charitable trust.

good manage mtd i think will prevail in the ends. let's go to dreton in michigan. >> caller: boo-yah, professor cramer. hue are you? >> i'm always due to get tenure. i'm fine, how about you? >> caller: i'm good, thank you. my stock is actually mobile. judging from volatility in the stockmarket and especially in the energy sector, do you think that exxon mobile would be a good stock to own for the long run? >> frankly, i would rather see you in a stock that has more growth to it than i think has more optionality so to speak. my charitable trust owns occidental. it has a lot of things going for it including it has a good blanls sheet like exxon. it has better growth. it yields 4.5 almost as slow, where exxon if you look at it. it has already bounced off its low. i want them lower with more yield. let's go to roy in arizona, please, roy! >> caller: hey, jim, how are you

doing? >> i'm okay caller thank you for taking my call. i want to thank you on your wonderful staff and guidance you give us and your sense of humor. >> thank you. my staff outdid us last week in san francisco. i can't praise them enough. i have been telling everybody, what you see on air is because of the staff. not because of me, please. how can i help? caller carl i have a position at iep, i had it several years ago, icahn enterprises. i have been watching it go downhill, buy, sell or hold? >> carl is chairman. hissing his acumen is good. owning stocks where i really understand what's in the enterprise. icahn enterprises hard for me to get my arms around. let me take you into the minds of big money pros. they're worried about the news 23r volkswagon glencore and

petrobr ras. knowledge is power. now you know what they're worried about. much more "mad money" ahead including a stock on fire, remains under the radar. i am tackling that. you will like it. ten from a minnesota dairy farm to the wells fargo executive suite. i sat down with the bankable john stump plus the lightning round is just ahead. so stick with cramer. >> tomorrow, kick off the trading day with "squawk box" on the street. live from post 9 at the nyse. >> i lick this. i can take this deal. anybody can take it. you can take this deal. there isn't anyone in the countries that couldn't do this. >> it all starts at 9:00 a.m. eastern.

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in this difficult environment, it's very hard to find new stocks. ones you don't even know that seem unstopably higher. tonight we're going off the carts with a charter market technician, the professor of

world college, as well as my colleague. he spotted a stock on fire. he thinks if you keep rocketing into the stratosphere, i know i was intrigued. the statistic, it's a company you probably never heard of called tyler technologies and the symbol is tyl. tyler is the largest provider of integrated software and information technology systems used exclusively by the public sector. in short, they help city, states, counties, school districts and local government entities thems run more efficiently. got you on the list. right? i didn't know it. the story here really starts with the technic also. not the fundamental also. last week they looked at tyler technologies, all he could say is wow! it's the kind of chart that jumps out at you and screams buy me. what makes the picture so attractive? okay. you can see how tierl, let me get him trading in the teens way

back in 2011. okay. and slowly but surely it climbs up to 105 at the beginning of last year before getting slammed be i the nasty sell-off in all things tech that occurred in the spring of 2014. tyler then pulls back the 70s spot. it finds a solid core of support. then it's off to the races again with the stock doubling, trading up to 151 before getting back to the 140s where it is right now. that's an incredible trajectory, people. more important will, everybody is more than crazy about the splarkt this stock is 21 of a handful that has much more room to run. let's check out the technologies over the past 12 months. he likes that tyler has been rallying steadily higher in sort of a staircase pattern. you see that? you see the staircase? eh. it jumps and trades sideways. it adjourns and so on. this is a bullish formation.

at the same time they have been moving higher. take a look at this on balance volume down here. this is a momentum indicator that shows where money is flowing into or out of security. they use it to predict changes in price before they happen. you can see that with tyler, the on balance volume has been moving higher and higher to the point that money is flooding into the stock, discussions buy it hands over fist. based on what's happening in these charts, he believes that this stock can roar up to the next big round number. which is $200. now that would be a good move, huh? he recommends buying on any pull back to the 141 level. he would put the stock if it breaks 130. >> that would bet on it's broken i don't like that wishy washy down there. look. all said and done, that's far

from where it is right now. you know the timer technologies deserves to go higher. it's a. of beauty, a stair step. i will not recommend a high flying tech stop without digging into the fundamental also. see if it's a fluke or the facts actually buttress what's going on with the stock. so what is it about tyler technologies? while this stock can take flight, why might this rally continue? why do i have such faith in it myself? well, when we were out in san francisco last week, we heard from a number of enterprise software companies that pry software to major businesses. tyler has its own unique niche. it seems like that niche locked up with a base of more than 13,000 systems they installed in local governments and schools throughout all 50 states how do you like this? tyler provides software, payroll, human resources and more specialized product, software for courts, law enforcement public safety in

prisons. they have document and content management applications for land records and other essential documents and help with planning, regulatory adherence and maintenance. altogether this is a pretty gigantic market. we know state and local government spent $9 billion in vertical specific software. >> that number is expected to go to 13 billion by 2019. not only that, public institutions are in desperate need of modernization. this is the clincher, what makes people excited. it has a cloud based software on the service side is. they wrapped up 40% last year, sales force, think adobe, which is doing quite well. they reported in july big customer gains. tyler technologies is far from cheap. trading at 40 times next year's estimates. >> that makes it a lots more expensive than oracle around it's cheaper than cloud force

giant salesforce.com. does tyler deserve the high flying cloud computing multiple? we know the software service is made up of 30% of the latest business in the latest quarter, up 12% from the year before. they have rapid cloud business, it's not made up. there is a real risk with a lofty evaluation regardless of how well it's doing. the mystery has been solved. because this very nice software company's business is growing strongly with the cloud offerings leading the way. the cart tells us that tyler technologies could be headed much higher remember as long as the u.s. economy is in good shape, tyler will continue the benefit as they are flushed with higher tax receipts and can afford new software. because if our economy takes a hit and the local tax machines start falk, this stock can turn on a dime. "mad money" is back after this.

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...in this big, bold, beautiful world. s the time, it is time for the lightning rounds, first of all i tell you when to sell, sell,

sell, or buy, buy, buy, then when you hear this sound the lightning round is over. are you ready, ski daddy? vincent in pamplt. >> caller: hi, jim, this is vincent in pennsylvania. stock has been down for a year. what do you think of corning xw? >> i'm in the really a fan. i think it doesn't have the growth technology i like. it's not expensive. i see no catalyst is the problem. how about ron in new york. ron! >> caller: boo-yah from long island, jim. i have a question for you, what are your feelings from that? >> 5. % yield. my tablets are oxy. mike in michigan, mike. >> hey, jim, i want to start off saying i appreciate your show on investing. my question is about gilead sciences, the biotech semi

meltdown, would you consider it a boy or a sell? >> i'm not in a hurry to go in there and buy gilead. i keep thinking hillary clinton is running for president. she likes to get mileage out of this. it's a political football. i do like it. the political backdrop is horrible here. let's grow to don in north carolina. don! >> caller: jim, i'm seeing everywhere i travel, what do you think of meade johnson? >> the formula is the people is a china trade also don't forget perigo makes knackoff formula. >> that does well and hurts everybody more. frank in missouri. frank! >> your take on sirius xm? >> i have liked it. the stock always seems stuck in the mud. it has good subscription growth. that's what matters. brian. >> caller: my question is i own

100 shares of hda at 92. what do you recommend i do? >> i like this stock very much. i don't care where it's going, coming from. ive care where it's going to. i like hda. jo ev in new jersey. joseph. caller hello, cramer. >> yeah! >> thank you for having me on. >> thank you. >> my stock is kraft heinz company. >> my charitable trust owns kraft behind. -- behiheinz. you got to think multiple year. philippe in georgia. >> caller: thank you, mr. cramer, thank you for taking my call. i want to go on the tender offer by dow chemical. >> i just want you to own dow chemical. i think dow chemical is terrific t. buyback will be huge. that's why my charitable trust owns it. the money will go back into shareholders. >> that, ladies and gentlemen, is the conclusion of the lightning round!

>> in a tough market like this one, you always need stocks that you can buy on weakness. while the banks are out of favor on wall street, that's because the feds decided not to raise rates, i think there is one bank absolutely worth buying into this weakness. i'm talking, of course, of cramer, wellsfargo a. stock i

have loved for years. can you follow alone. last week out in san francisco, i got a chance too speak with done stump, the terrific chairman of wells fargo, he assured us the landing business is excellent. now it yields close to 3%. last thursday we showed you the beginning of that interview with stump. theris more. i think it's important you hear the ret of what he has to say. so take a look. you are too humble. one at 11, dairy farmer totally strapped and yet you have risen up in this country. i want you to tell people what can happen, hard work and teamwork. >> well, you know, we grew up as you suggested, very poor, a lot of children in a small farm. we didn't have things, but we had values. at the time i would be honest, i wish i had more things. now when i look back the value of working together of telling the truth, personal responsibility. pulling your load and we never

were allowed to whine. if things didn't work, you get up in the morning the next morning you worked even harder. and those are enduring kind of qualities and my parents deserve all of the credit for that. >> if you get knocked down, what are you supposed to do? >> you brush yourself off, pick yourself up. you go forward and you don't look at someone else and say that person's fault. no who is me. why can't i have that? i need a handout. i need whatever. there wassen in none of that. >> which of those characteristics have infused the bank? >> i think teamwork. we have 265,000. we call them team members. we would never use the word employee to suggest an expanse to be managed. these are assets to be invested in. nothing is more fun than winning as a team. vince lombardi said that. you look around, he bought the the experience from the sports teams. that's what it's about.

we have a lot. not na me and mine are unimportant. we want people to be proud of their own fear of development and so forth. never at the expense of the us, we and ours. >> do you think the lack of a silver spoon has, how has it changed your life that you didn't get it versus many of the other ceos in the country. >> well, i i appreciate what i have. i mean. >> you can make a lot of money. some people actually deserve it. >> well, and there is no question about that, but i am just, you know, sometimes i have to just stop and thank everybody around me. it took a whole village to rate me. i had people along the way, and i love this business. i love this industry. i love our company and none would be possible without having a lot of help. so this is never an individual sport. >> you are famous and your bank is famous for not wanting to make the money so quick to play

a long game. the short game got a lot of people in trouble. didn't it? >> right. it did. we earn the long game business. we had our 163rd birthday on july 13th. you know this last year. we started in 1852. think about. that we have been in business almost two-thirds of the time the country has been around and we think in terms of not the next quarter, but the next quarter of a century. it's not that the next quarter is not unimportant. but we always take the long-term view. essentially, at the end of the day, what's good for team members, what is good for customers, what is good for communities is ultimately good for investors. >> someone at home could be watching this show. maybe someone in their 20s, that's all well and goods for a 61-year-old guy interviewed by another 60-year-old guy and everybody is so successful and they're all laughing on the way to the bank. there aren't those opportunities anymore. these guys are living in the past. >> there's opportunities.

just look around here in san francisco about things that are being created. you know, i'm a product of public high school, public college for undergraduate. public school for my graduate degree. and hard work, working together, taking horizonal promotions. everybody thinks you have to move the next step up. sometimes it's best to move around and do other things to build your base and then you have the opportunity to move up. so, you know, i was ask young people. i talk to a lot of young people. they come in my office, my phone, whatever it is, what do you want to do in five years or ten years? once in a while i'll get the answer, in five years, i want to an assistant vice president. i want to have a parking spot. i said, how about a jetd? do you want that, too? most of the time i hear this answer. i want to know more about the company. i want to infuse myself in this culture. i want to give something back. i want to be a great trusted team member. i want to feel the energy. those are the people who are

going to make it. >> now i think we got in trouble on wall street, there were some people who decided to make money very quickly and $10 million as a sales person and said, hey, see you later. have you ever fired someone because they made money too quickly? >> well, we have had people leave our company because they didn't understand the concept of risk and reward. what happened in 2008, risk moved down the line and reward got paid. somebody ork nated, did something, got paid and moved it down the line. the next person did it. moved it down the line if you disconnect those two things, bad things will always happen. >> where is the country? with are we? >> actually, the country is in a relatively good place economically. it's moving along, not perfect. the biggest use is what's happening outside the u.s. economy. so that's a challenge we had to deal with. so we have other challenges, of course. we need to deal with, to get our

leaders to get the immigration. fixed. and there is issues like that that they'll always be. but where would you rather do business today? any place on the planet? >> where would you want to live? open up a business the rule of law the can-do attitude. all the things that make us, our military, your banking system, deepest, most transparent. you want to live here. >> never goes out of style. >> that's john stump, chairman, president, ceo of wells fargo.

you always hear about something lurking out there that's really causing the selling. i've told you about the three things that people are most concerned about. let's go over them again. it's volkswagon, we don't know what the scandal will do to that great company. we don't know what will happen with glenn score, the commodities trader out of sws and petrobras, it's the hundred 70 billion dollars of debt and how is it going to be repaid? those are the chatter worries. now you know them and you can adjust your portfolio, accordingly, if you want to. i'd like to say there is always a bull market somewhere. i promise to find it right here on "mad money." i'm jim cramer. i will see you tomorrow.

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