mining. up 6% today. didn't we discuss that last week. something going on in the gold. >> you want to break out in level laughter so badly. my mission is simple, to make you money. i'm here to level the playing field for all investors. there's always a bulwark in summer 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 trying to make friends, i'm trying to make you money. my doubt is not just to entertain but educate and teach you, call me, or tweet me at jim cramer. can it be amazon? can a company be destroyed by the doll nance of the greatest online retailer in the world?

that question is driving a lot of today's action. climbing 79 points,some & p sinking 4.6%, nasdaq dipping 4.7%. i think disconcerting for a number of reasons, we are going to go over them. i hear that amazon might be growing sales in a double-digit clip year-over-year, including this one, i think about how big amazon is, i regard that as a discouraging trend for everybody else because there's simply no way that one retailer could see such an enormous uptick without it being zero sum, amazon's game is somebody else's pain. >> house of pain. >> second, i see amazon doing well, i recognize that amazon could be say even worse than walmart in its demands on those who use its web services, let alow on the cut-rate prices it offers. this company has spent billions building out its own online infrastructure in order to make a day like this one, cyber monday, seem like child's play meanwhile, target, which advertised so heavily this weekend for virtually every

football game i watched saw its website crash, crash! they just don't have it down yet. third amazon strength is the mall's weakness, i was heartened by -- very heartened by an interview that macy's ceo gave at the end of last week, a lot of people weren't paying attention. listen to me, he said business has picked up. you can tell that something's good here but then you look at the stock, no mood to listen. macy's went down into it after the disappointing earnings, the broad line mall-based retailer seemed to have been written off for the duration. fourth, the mall site effect is just crushed by amazon. one of the reasons for the enclosed mall the synergy, walk through a nordstrom to get to a j crew, pass a neiman to get to a coach. it worked. did your shopping at a mall by going past a bunch of stores and shopping in one after another. that can't happen if everyone is now shopping at home. speaking of home, many of our guilty pleasures these days

involve staying home. grand theft auto the single biggest entertainment release of all time, not a movie, video game. video games the hottest segment of the retail economy and netflix caused to you binge on a weekend you should be shopping, zwaez with hot new series jessica jones this past weekend on my brand new ipad pro, which i love, you just don't have enough free time to dwell at the mall. it doesn't even seem to matter that gasoline has fallen to levels one thought unimaginable, literally 50% less at a gas station this weekend than i had the year before. you simply can't dislodge the cell phone shopper watching narcos on netflix. six, if you're constantly spending time on google or checking facebook, then you're just too tempted to buy everything online. we used to send wish lists to each other in my family, these days, send my amazon gift list, i want the new hit, "the man in the high castle" hort holidays watch with me over christmas break. simple. amazon checks as price check for virtually everything. one point, thought that best buy could be this show room for amazon. these days though, with the easy

return policy and the consumer being more savvy about their own sizes, not to mention increased desire to be frugal, don't pay the salesperson commission with amazon, their prices just can't be beat. other retailers have to take in more and more inventory to please the mall sight seers they hope come by and if the weather is bad or any of the key holidays leading up -- key days leading up to the holidays, they get crushed along with their suppliers. no secret the stocks, under armour, vf corps going down, seen as purveyors of lots of winter weather clothing. you need that psychological spark of cold weather to get the sales going. i made enough seams calls with my late father to small retailers in the holiday season around philadelphia to know that warm weather meant unpaid bills for my dad's boxes and bags and boss built of bankruptcy given that retailers operate on such thin margins. all of these worries, you have to ask yourself, who can't beat amazon before you pull the trigger on any retailer. it's just too unsafe if you don't.

[ gunshot ] what companies offer value proposition that makes it so on days like today whenever retailer is down? do some stock picking. before i give you some names, understand aside from the oils and slight semiconductor stocks, almost everything fared poorly today. to me, it felt like a genuine self-program of remotable sectors, maybe related to the end of the month, maybe not. either way, respect the fact that you've already had a red-hot market for some time. we are overbought. although i believe we could be in for a decent december, even the winners, like amazon, they gave up some. with that in mind, i think costco can do well in this environment. know it from my trust which you can follow along on the newsletter because it makes it real money from your membership card. people willing to pay much more for that card which we know because when the company raised the price not that long ago, almost no one bought. costco offers incredibly compelling price and genuine bargains in a kind of fortune-hunting scenario, it's fun. exciting place to shop. remember when i said you would

go to the mall for one thing, come back with many? when we went to costco recently, one in jersey, get decoration and utensils for thanksgiving dinner we flue, we ended up departing with two carts of i can't believe how inexpensive this is material, everything from razor blades to cool winter jackets to kirkland socks, end ties and even a stud finder. second, i like out ta salon, a boost from 180 to 215. why not? amazon, even with all the drone ideas shrewdly produced in the land the news today on cyber monday for max advertising effect, they never gonna do your hair. it is not going to have a beauty pay lores in distribution centers which means out ta can't beat amazon. i think the numbers are still too low here and the stock is a terrific bargain after finishing down today. three is tjx. a company that's huge beneficiary of the excess inventory of major department stores. tjx comes in with cash and buys

the inventory must be cleared by the dinosaurs and sells those goods at terrific prices to u the company benefits from having homegoods, the only broad inexpensive housewares chain in a business with a price point. frankly days, i prefer to william sonoma detroit and barrel has a look. four is home depot. people aren't spending on their homes, they are investing in them and you invest in your house at home depot.the goods are literally flying off the shelves a holiday season. lowe's second best. finally, i like dollar tree. many people have been worried that dollar tree swallowed an operation with too much toxin when it acquired family dollar, the perennial underperformer. got the report last week, found out otherwise, an incredibly strong quarter, people seem to have forgotten already. that is wrong. here is the bottom line, certainly going on other winners this holiday season, argue some, like macy's, have gotten so cheap you just have to stash them for a better time. but here's the thing, i like a market with wide breadth and

retail is a very big, highly visible category in the stock market. so far though, i can only say that if it's an amazon christmas, then the retail grinch is stealing it from others with no sweet dr. seuss ending coming your way to bring a smile to your face or your portfolio. go to jason in new jersey. jason! >> caller: jim, how are you? hope you had a happy thanksgiving. my question on timberlake park, just increased their dividend, near 52-week high where do you see the stock going? >> okay, i think kimberly-clark is a classic buy homework stock. i almost said buy and hoshlgd everything has to have homework done on t kimberly-clark is a stock i have been recommending since my first week at goldman sachs, now more than 30 years ago, i continue to recommend it i think manager is terrific. i say buy, buy, buy. evan in new jersey, evan? >> caller: hello, mr. cramer.

my question to you involves altria group, symbol mo. a merger of anheuser, imbev, symbol bud, with sab miller, altria is getting a 10% stake in bud, $2.5 billion in cash and two seats on the board of directors. all-time highs, mr. cramer, while altria seems to be flat lining. >> the stock did ran up anticipation of expected deal, david faber and i talked about that deal endlessly and it got to a little bit below the 4% yield. that's not good enough. that said, i don't recommend tobacco stocks on the show because i -- i do not care for tobacco, but if you wanted to buy that stock and take that dividend, set up an anti-tobacco clinic, fine with me. it is a very well run company. if it could get amazon, then it's ready for pain, but don't get me wrong, there's still some winners out there and i'm here to help you find them.

on "mad money" tonight, looking for. ing that sparkles this season? the stocks behind these stocking stuffers have been a mixed bag. i'm revisiting my take on tiffany and some of the country's largest jewelry brands. wait till you hear where i stand now. plus, can abercrombie compete this holiday with a fully dressed executive suite? the man behind the $160 billion deal to form the world's largest drug giant. stay with cramer.

the drought is affecting all of us. at pg&e we've definitely put a focus on helping our agricultural customers through the drought. when they do an energy efficiency project and save that money they feel it right in their pocket book. it's exciting to help a customer with an energy efficiency project because not only are they saving energy but they are saving water. we have a lot of projects at pg&e

that can help them with that and that's extremely important while we're in a drought. it's a win for the customer and it's a win for california. together, we're building a better california. last week, we got some puzzling action in the jewelry space as signet, the parent company of kay jewelers, jared

and zales reported the first weaker-than-expected quarter in ages and the stock got obliterated, falling from 140 down to 134 last tuesday. that was a 4% decline. with shares continuing to dip down today to 131. at the same time, tiffany, the major international jewelry powerhouse that's been a total dog all year delivered what he i would regard kindly as a mixed earnings report. and tiffany stock managed to rally on the news, vaulting 4% high the same day signet started getting slammed a month ago, i did come out here and adid recommend signeta a terrific relatively unknown jewelry play seemed ready to roar thanks to the resent acquisition of jails in, an acquisition seemed prime to start paying off in the third quarter but of course, be great for the christmas holiday. i told you that signet, the king of midtier jewelry and engagement rings the best way to play the space and thought the

super shareholder-friendly company with a relatively cheap stock still had a lot of room to run. fast forward to today and clearly, i got that signet call wrong. wrong given that the stock has fallen from $147 where i recommended late october down to $131 as of today. so, mea culpa. you get things wrong sometimes. i got that one wrong. but you got to understand why. it's really important why i got it wrong. first, was i totally mistaken about the story or did i simply get the timing wrong? has the narrative changed in the jewelry space with the market anointing tiffany the new leader and signet the new loser or the expectations really get out of hand for signet while at tiffany the bar was finally lowered enough that this troubled company could miss the numbers and still see its stock go higher? in short, we need to figure out whether the fundamental story at signet remains intact, which would mean that this recent pullback is a fabulous buying opportunity or something has changed that makes the stock a

lot less attractive and we should cut and run. take your loss. either way, i made a mistake recommending the stock at $147 last month, but down here at $131, i have got to tell you, i think signet has the potential to be a lot more attractive, depending on what really happened this quarter, depending on what really happened. let's go over it. going into the latest quarter, signet on fire as the company gained market share here in the u.s., expanded internationally, used the greater ask a i will to put through margin-boosting supply chain improvements, because of the scale, getting all the companies together. after reporting a series, not one or two a series of better-than-expected quarters, i think investors started to believe signet would always win. a view i mistakenly share. when the company disappointed last week, the stock sold off hard, not unlike what happened over the summer with helen of troy, the consumer packaged goods company that saw its stock get annihilated when it missed numbers in july after developing a fantastic track record of trumping the estimates. of course, tough buy helen of troy that week and i came out here and told you to do that.

i think signet is in a similar position. what went wrong at signet? the company reported a miss off the 39 cent basis, revenues a bit light, increasing 4.9% year-over-year. to make matters worse, while the same-store sales at kay jewelers were strong and the numbers from zales were solid, jared posted a 2.7% decline in same-store sales for the quarter, which was far from encouraging and certainly weaker than i was looking for. so, what caused the miss? in part, you have to remember that this -- that before this earnings report, signet had beaten wall street's estimates for seven straight quarters and now what happens, the analysts start to adjust their estimates to the upside. no company can beat forever. signet's case, wells fargo and jpmorgan initiated coverage between the previous tremendous quarter and latest disappointed one and boosted the expectations even higher w he know great expectations can be a company's worst enemy. however this is not simply a case where signet simply mismanaged wall street's

expectations, which they did in real tlirkts were genuine negatives in this quarter like the hideous number from jared and related slowdown signet's in-house credit business tied to the fact that jarred is their highest end brand with the most credit-worthy customers. they have negatives, very real. signet down $21 from 52-week highs i think it's worth remembering this company still has plenty of positives going for it as well. signet may have missed the numbers last week but the company finished up tremendous earnings growth, up 57% in the latest so-called disappointing quarter. meanwhile, the synergies from last year's acquisition of zales are beginning to throw with more upside expected next quarter. perhaps most important when it comes to jared, their important business that lagged in the latest quarter, signet has some pretty darn good excuse. they say that the negative same-store sales at jared were result of distractions by new systems, processes and training that took place at jared stores, all of which meant the salespeople had less time to interact with customers. they wanted these upgrades in place for the fourth quarter, which typically accounts for

half, half of the company's annual sales and they also indicated that jared was doing a heck of a lot better in november. hey, isn't that what really matters that suggests to me the system upgrade story is a real explanation and not merely an alibi for poor performance. the most recent data is positive. in short, last week's miss seems like a one-type blip for signet since management sales guidance is strong, predict to 5% growth for the whole company, the earnings guidance is solid, signet's forecast bracketing the wall street's estimate of $3.54 per share. put it all okay and i think the signet story remains intact. plus, after paying down the debt from the zales acquisition, the company still expected to roll out an epic buy back next year. could be as much as $500 million, topped with $154 million left from signet's purchase authorization. let's not forget, stocks do get cheaper as they go lower, signet is trading just 19 times earnings. one of the great growth stories in retail, puts it at a discount to tiffanys, sell fogger 20 times earnings and

disappointing. and buy signet and tiffany's the same valuation, go with signet. sure, tiffany stocks surge after the company reported last week with earnings coming in one penny better than expected after a series of many misses. even sales were a lot lighter than the analysts were predicting, i think tiffany remains a troubled company. it is simply that after a year of failure, its stock finally got to the point where it could rally on a not terrible -- not totally terrible quarter. while tiffany's substantial japanese and european businesses seemed to have definitely turned the corner, i like this foreign tourist spending, the company's overseas profits handled by the dollar and doll messic u.s. business saw same-store sales decline by a whopping 6% year-over-year, foreign tourists bought fewer piece at its flagship new york city store. tiffany expect the holiday season to be bet they are year. that's after the company disappointed last year and company still expecting the overall earnings to take a 5 to 10% hit in the full 2015 fiscal year, which is not what you call a sign of health and they have overestimated how well they have done in the past.

one not totally terrible quarter does not make for a turn around. and tiffany has had real trouble forecasting its business. like how it was day care the last couple of quarters, which it got wrong. i think the story remains incredibly murky, especially when you consider that tiffany is such an enormous international exposure, we need to see an economic rebound before i recommend stock for an investment as i love to shop there and i think the merchandise remains supreme. here is the bottom line, yes, i got it wrong when i recommended signet last month, but i still believe in the company and think the stock is a lot more attractive here at 131, especially since people don't buy their engagement rings on amazon. despite signet's disappoint the last week and surprising better-than-expected numbers from tiffany but barely, i'm not ready to totally change my opinion on these jewelry names. i say stick with signet. i bet it pulls out just like -- play out just like -- just like the helen of troy this past summer, meaning you want to buy the stock in the weakness, the very same kind of weakness you got today. still ahead on "mad money,"

i'm staying in the mall, checking out abercrombie. this retailer has been without a ceo for nearly a year. do you drown the stock as the holiday shopping season heats up? i will let you know. inside allergan's multibillion dollar deal with pfizer to see if you should be buying the drug juggernaut. and why an nfl team tells you all you need to know about the current state of american manufacturing. stay with cramer.

9 pers the person running a company matters a bad ceo can do incalculable damage to the best brand. sometimes having no ceo at all is better than having a truly terrible chief executive. consider the completely absurd case of abercrombie and fitch. here's a teen power retail reported a spectacular quarter, 25% higher in a single session. the most impressive thing about these results, abercrombie did it all, did all of this without a ceo. in fact, it's been nearly a year since former ceo mike jefferies retired, yet abercrombie doing better than any time in ages, begs a question is abercrombie & fitch better off because jeffreys is gone? a case of addition by ceo subtra

ax? for those of you who don't remember, mike jeffrey was the long-time ceo who pretty much created the modern abercrombie look back in the 1990s. after initially rebounding from the great recession, abercrombie's stock went into a multiyear tailspin in 2011 in part because jeffrey made mistakes, great mistakes that gave the impression he was getting old, losing his touch, which is why i put him on the "mad money" wall of shame back in november 2013. the wall of shame is our rogues gallery a list of the worst ceos in the business, people who have so mismanaged their companies that they can create enorth korea mouse value simply by announcing their resignation. sure enough, the day jefferies announced retirement from anf a year ago, the stock shot up 8%. made sense. the guy had made a number of high-profile comments that were incredibly offensive and borderline creepy, frankly, the point it seemed like jefferies' words were poisoning the brand by itself. one-man wrecking crew. even his crazy rambling does have been tolerated if jefferies

was producing good numbers much the problem is despite tremendous success in the '90s, last few years as ceo, couldn't deliver strong results. the company was forced to slash prices, discount merchandise, while the same-store sales seemed nobody free fall. the last ten quarters when jefferies was in charge abercrombie same-store sales didn't increase a single time. it was ten straight quarters of declines. now when jefferies did shareholders a real solid and announces retirement, wasn't coming down from the wall of shame, arthur martinez named executive chair and a team called the office of the chairman, including ceo, the president and hollister brand president was placed in charge of the company's strategic direction and day-to-day operations nal new ceos of found. been near a year, abercrombie doesn't have a ceo and no sense of when they will hire one.

the company is effectively being run by committee. you think that abercrombie would be directionless, with no one at the helm. the first quarter was hard. with abercrombie same-store sales declining boo i 20%, negative forecast for the 2015 year, something that caused the stock to fall 15% single session back in march. but in retrospect, it looks like that was the last bad quarter, that's when you want to buy. last bad quarter you could blame it on jefferies. the ceo of the company has done a tremendous job of a turn around. the committee running abercrombie announced it was putting an end to a number of out-of-date policies that had held the company back under jefferies, including the so-called look policy that dictated what type of people the stores could hire and how they could dress. the new team turned up the lights in the stores, dialed back the level of abrasive cologne, even though some like it and stopped putting shirtless

men outside of many of the company's locations. the company also told thanks it would put an end to sexualized marketing by the end of this past july. again, marking a big change from the days when jefferies was in charge. looks like you're no longer needing to be an adonis or a smoke show to be allowed to shop there. now, when abercrombie went on to report the first kwul full quarter without jefferies, headlines ugly, worst cross margins since 2010 and earnings front, lost 1 crept per share. that was the first quarter though. however, abercrombie's new management pointed out the same-store sales improved sequential lit next three-quarters, why the stock ended up rallying 13.5% in a single session on that terrible news. then wonder of wonders, abercrombie reported next quarter, late aug, ust, the marn was increasing.

earnings slide, nope, turn a profit. most important, the decline the company's same-store sales decelerated. best number reported in a year, that's why the stock then rallied 9.5% on the news. the blowout came a week and a half ago, abercrombie delivered spectacular third quarter results sent the stock roaring from 19 to 24 in one day. abercrombie's revenues still declining, not that terrible, company's gross margin expanded up 150 basis points year-over-year, same-store sales fell 1% year-over-year. company's hollister brand delivered a positive comp number. best of all, abercrombie earned an astounding 48 cents a share, analysts only looking for 22 cents. unlike other turn around stories, can't pin this turn around on a terrific ceo. abercrombie doesn't have bun, maybe the secret of the success, mike jeffreys is gone and simply by reversing his value-destroying policies, the committee running abercrombie

managed to turn that ailing teen retailer around. there is more autonomy for managers at the individual store level, i love that and better e-commerce results, we all need that, an area neglected under jefferies. you can't ignore e-commerce anymore. you will get amazon. i think this is an amazing story. shows just how powerful management can be. so, where do you go from here? despite the positive changes a ber cromby and fitch, not ready to pound the table. even though still down 10% for the year, kind of, you know, not up that much yet, right? you gotten a opportunity here, in part because the company has grabbed all the low-hanging fruit and in part because they still don't have that darn ceo, feel a little better know hog is coming in. after the most recent trip of the quarter the expectations have been raised making harder to beat the numbers down the road. but nevertheless, i think remarkable what abercrombie accomplished the last year without the ceo. the bottom line is sometimes the chief executive will become so terrible that literally anything would be an improvement,

including having no ceo at all, loo i can we have seen at a ber cromby and fitch. i give the triumvirate currently running the company plenty of credit but i think the turn is less about what they are doing and more about escaping from the consequences of former ceo mike jefferies' mismanagement, like sometimes tough go with running backs by committee in fantasy football as we saw in the big win by the broncos over the patriots, the same thing can work in retail, too! ann marie in new york. ann. >> caller: hi, jim, i'm thinking about fit bit as a trade hoping the price comes down after the shares get in lock december 15th, but how do i know when to pull the trigger? >> well, look, i have been -- i have been saying -- and tell you heat on twitter, is that anything new? other than when i posted the carrots from this weekend and my leigh leeks were ready, i was criticized for everything, including playing jarvis lan

drill. you can own fit bit into the holiday. let's go to ward in nevada. ward. >> caller: boo-yah, jim, usc trojans this past weekend. >> well, i tell you -- might be getting a new coach there. go ahead. >> caller: yeah. yeah. we have now. just i heard him today. bought go pro a little bit higher than it is now, took the ride up and down. my friends and i still like the product and we still own and use it. i'm just wondering with the drop in price, should i buy more? >> i think it will bounce because next week, the stock's still worth $2 billion, i haven't liked the stock. some people -- there was a trade period and turned against them for a while. amber rel la reports on the third. amber rel la linked with go pro, a decent number, what might just happen maybe that carries up go pro and you can sell it i think you have to. sure we are seeing turn in abercrombie but you know what this is about escaping from the clutches of the former ceo, not what the company's actually

doing. much more "mad money" ahead, the company behind the biggest health care takeover in the universe. what's next for allergan? i'm sitting down with the ceo to find out. world leaders making game-changing decisions overseas today and some stocks getting crush wood i their policies r they in your portfolio? a postthanksgiving special edition, much heavier, lightning round, dead ahead. so stick with cramer.

last week we learned the much-discussed allergan/pfizer merger is happening. even though i think this is a very smart deal, one that will give fizary tremendous pipeline of new drugs along with a lower irish corporate tax rate, the market initially seemed pretty sceptical. allergan stock selling off as investors wonder what's in this for them, since then it rebounded but questions how this transaction will reward the company's shareholders given that allergan has so much going for it on its own. stock got hammered down 6 bucks. we got to remember thank allergan ceo, brent saunders, a tremendous job creating value and wouldn't have agreed to do this deal if he didn't think it

was a good one. let's go straight to the source and check in with brent saunders, the bank president and ceo of allergan to get a look what the his company's future looks like after being bought by pfizer or merging with pfizer, depending how you feel. welcome back to "mad money." >> thanks for having me. >> have a seat. i have to tell you, tremendous respect for what you put together, mostly because you made a fortune for people. my first reaction was like i want brent and i want pfizer, brent gets me to 400, he has traced out an amazing vision for allergan, particularly when the balance sheet gets better from the money or prop 7 acquisition of your own. why do i like this deal more than brent allergan? >> i think a great opportunity for our shareholders. the way i like to think about it, it is taking our growth far ma engine and putting it on a larger chassis called pfizer. look, we could have gotten into 400 on our own but this takes us well beyond that for the foreseeable future. and so the deep pipeline of pfizer, the combination of the

global footprint and the strength in areas like immunoand vaccines makes this a power hughes house in biopharm suit cals. >> your franchise, aesthetic, dermatological, gi, women's health, unassailable franchises. why would i get excited about pfizer's vaccine business or cancer business i see such great growth and, by the way, i see the incredible, you know, the proposals that you do about the way you grow pharmaceuticals, so different from traditional pfizer. >> yeah, but look, ian reed the last four years has done a remarkable job of transforming pfizer. he has done things like the zoe wet ta spinoff, cap sa gel, he has really revamped their entire r & d approach and very productive looking at immunoand oncology vaccines, rare diseases, you think about it from an allergan shareholder perspective, you get these great franchises, eye care, aesthetics, gism, now you merge them with franchises in cns and

immunooncology, one of the hottest areas in pharmaceuticals, rare diseases and vaccines. now you have all the top growth market, not just a few of them but all of them h >> does he embrace open sciences, you have made us feel is such a differencemaker for allergan. >> he does. and what makes our open science model even more formidable in this combination is you get really strong discovery capabilities with a mindset of open science. in fact, pfizer announced today with help parts at the for really interesting early molecules, doing open science already. >> let's look at what you get if you own shares. you get pretty big chunk, 44% of the company, even though the earnings before interest, taxes, depreciation and am mortgagization is not nearly as big as pfizer, in that way, you did pretty good for shareholders. >> think a great deal for our shareholders, get some rough numbers, 44% ownership in the pro-forma company. you contribute roughly about 25% of the revenue. and roughly around 30% of the

earnings before interest and tax and am mortgagization. >> okay. well we have the possibility, you look at what they did with zoe wet ta, fizary history of value within value, another acquisition on its own, could there be multiple companies buried within where lots of value could be brought out? >> absolutely. i think that's one of the future options for more value creation. you have an innovative business combined with allergan that now is, i think, the most exciting dynamic biopharm suit cal company in the world, for all the reasons we just discussed. you have an established products division that really is like a consumer company around the world, branding general neverics, in 2018, we will make a decision around splitting those and if we do, what another opportunity to create value for shareholders. >> cash flow? >> can a shall flow, very strong, talking about $25 billion roughly in 2018. possibility i know the board decides that pfizer's dividend could always be boosted, tremendous -- some of that tremendous cap space. >> absolutely, they have been very committed to the dividend.

if you look at the track record under ian reed they consistently have increased that dividend year-over-year, i expect the dividend policy to mainly stay intact. obviously, a question for the board of directors but should stay intact. >> one point, i was hoping when you got that 40 billion in you could take a look at a giant biotech underperformed and maybe buy that, that has to be off the table. >> with he did look at that. >> you did? >> we looked the what else could we do, actionability aside, whether we could have done it or not, somebody would have agreed. i believe strongly that the innovative business, combining allergan with the innovative business of pharma is the best marriage for allergan shareholders versus doing some other deal. this becomes a powerhouse of innovation in the biopharm suit cals. >> some people told me the reason why brent had to do that is because in a political environment, charged environment, he can no longer raise price and do the things that he was doing with -- before allergan and that game's over so he gave up. >> no, absolutely not. nothing wrong with our business. nothing wrong with the business model.

and nothing wrong with the environment. we were always responsible price takers. you and i talked about the social contract. >> many times. >> with he believe we had. >> you can and did are the right to raise botox that is not part of the -- >> about zeal medicine. >> botox in a totally cosmetic way, every right to raise prices, i know you have and taking share, i believe, of valiant because problems at valiant. >> we have been responsible price takers, botox they are put cali is the best deal in medicine, aesthetically, priced the same, so we are very cautious about raising price there because consumers pay out of pocket. >> now, last thing, is brent saunders gonna stay? >> absolutely. and not only am i staying, but all the reports around the kind of money that i may make and whatnot, i'm rolling all my stock into pfizer stock, not cashing out one share or one option. i'm all-in 'cause i'm a believer. >> there you go. that's brent saunders, president and ceo of allergan. charitable trust owns it. we are holding it. count me a believer, too.

"mad money's" back after the break. ho, ho, hello... can you help santa with a new data plan? sure thing... uh right now you can get 15 gigs of data for the price of 10. that's five extra gigs for the same price. looks like someone just made it to the top of the nice list. in that case, i want a new bicycle, a bike helmet, a basketball, a stuffed animal that talks when you squeeze it. and... yes, yes. i got your letter. we're good. oh. okay i was just making sure. get 15 gigs for the price of 10 now at at&t.

it is time for the lightning round! starting with randy in kentucky. randy? >> caller: how you doing, buddy, a question about my air stock, ars, own it had 13 years. >> you know, it's made -- it's done a lot of good stuff in the cable industry. now i, myself, have found that this is a company with inconsistent quarter bus it is in the sweet spot. i would not trade it right now. i would own t let's go to brad in massachusetts. brad? >> caller: jim, boo-yah from boston. >> boo-yah. >> caller: what is your outlook on eaton -- >> supported by the eel, last couple of quarters no the that good, 3.7% yield. every down goes to 4%. i'm a buyer go to curtis in north carolina. curtis. >> caller: hello, jim, happy holidays to you and the "mad money" team, sir. >> thank you. >> caller: give us your thoughts -- give us your

thoughts please on kroger. >> kroger is exactly who those companies want to be. it is the top supermarket with the best margins and best customers and i think it's terrific and i want to own kroger. theresa in virginia. theresa. theresa? >> caller: buy, sell or hold. >> which one? >> caller: vertex. >> vertex, cystic fibrosis formulation, i think it's amazing, i think ver tech is a buy. let's go to mark in vermont. mark. >> caller: hey, jim, how you doing, buddy? >> all right, how but, chief? >> caller: good, man, just started cstar started "confessions of a street addict." >> flipped some pages the other day. >> caller: tell you quick, jim that watching your show, reading your book and seeing how you use your knowledge, your passion, your resources to truly help people, it's really inspired me and you really played a big role in igniting my passion.

>> thank you. that's what i'm trying to do with the street, trying to do with ax alert with "squawk on the street," trying to do with this show, trying to do with periscope, trying to do with twitter, trying to do with facebook. what's happening? how can i help? >> caller: you're doing it, man. >> thank you. >> caller: what do you think the long-term, what do you think of fire eye? >> i'm glad you said long-term, short term, i'm concerned, turned out to be more episodic than i like it, need a hack attack. and i -- when we had david on, i mean, the stock has come down a great deal, still worth 3.6 billion but i do believe it's worth more to someone else than to that company. i'm not going to tell to you lose it now. too low. let's go to brandon in illinois. brandon. >> caller: boo-yah from sunny illinois. >> boo-yah. >> caller: um, i have my c-- mi. >> intel, nxpi, sky works better, prefer them. and texas instruments. and that, ladies and gentlemen, the conclusion, iti, too.

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i want to understand today's economy, then consider this, the pittsburgh steelers are now worth almost twice as much as the united states steel corporation. that's right, at this moment, "forbes" magazine values team,

big ben and 52 other steelers play for, the ones with the old u.s. steel icon on their helmets, $1.9 billion. the u.s. steel team with 30,000 employees only worth $1.2 billion, the stock's down 70% for the year. look, this is a real contrast, i'm not trying to be fatuous or silly. the united states produces some incredible entertainment do so, in part, by not diluting their value. there are a limited number of major sports teams and no company or country has been able to challenge the global dominance of the nfl, for that matter, the nba, nhl, mlb, can't challenge. but the world produces a tremendous amount of steel and no matter how good you are at making this stuff, no matter how close you are, manufacture steel in the united states, you are going to suffer from the excess supply coming from our so-called trading partners. i say so-called because partners are supposed to be equal and there's nothing equal about this situation.

[ booing ] u.s. steel is not supported by the u.s. government. but the chinese steel companies, they are run by the government, south korean steel companies, hand in glove with the government. japanese producers, they benefit from the japanese central bank's decision to keep the yen low versus the dollar, take our business. as for the brazilian steel companies, the real, brazil ya's currency so cheap, big steel manufacturer has an incredible edge. all these competitors have something else in common, the world's leaders meet to talk about climate change, much less restrictable on carbon emission. they exported a huge amount of pollution to the west coast work he accept that as our desire to support free trade. we worship at the altar of globalizization, this is the price both parties seem willing to pay. so, what is u.s. steel, worked so hard to get its costs in line with the rest of the world have to do? this company has had no choice but to continue cutting prices and firing workers and closing inefficient plants in order to

keep its customers. for all of its efforts, wall street expects u.s. steel still to lose more than $2 per share this year. sure, u.s. steel midmade a big bet in the oil company, support the drilling boom, but you don't hear much about the plight of this company, do you really? i mean, it was once the world's largest, let alone its -- any of its small competitors, too small, many to even talk about on the show. it's taken as a given because we have groan to accept the strong dollar is going to stay with us, wiping out american jobs and factories like u.s. steel. the 53 men on the pittsburgh steelers' roster may have more job security now than their steel-making brethren although nfl stands for not for long, some say. all commodity-like industries bear the same fate, especially aluminum and copper. when european central banker mario draghi wants to reinvent his cup's economy, he says the euro is too high versus the trading partners, meaning the dollar, needs to go lower.

china's economy falters but doesn't want mass unemployment, the people's republic sells them at cost or terror support chinese business. when japan wants to be more competitive versus the u.s., it buses the yen down versus the dollar. last week, a terrible recorder from hp ink, the new pc and printer portion of the old hewlett-packard much of the stock's huge decline stemming from what should have been obvious, price cutting to stay competitive with japanese companies that sell club right rattly undervalued yen, kind of a commodity. my old friend dan d'amico, former ceo wrote to me in an email, letting our industries be destroyed in an economic trade war, things that could not be destroyed by military conflict in over 200 years. where is the outrage, he ponders? i think we know the answer. these industries, these laid off workers, the price we pay for free trade and the u.s. government spores free trade seemingly at any cost. like a religion. these companies are being sacrificed, believe me, your port foal grow will be sacrificed, too, if you try to bottom fish in the toxic companies can't possibly compete in this new, unfair environment

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buckle up, because change is coming.. ...a progress report. stephanie: this is so good! lemonis: over the past two years, i've introduced you to 30 small businesses. i'm 100% in charge of everything. i didn't make deals with everyone. you're a thief and a liar and a cheater. but today, i have 17 new partners. -do we have a deal? -jon: i'm in. lemonis: i've already invested over $30 million. nicolas: i've never seen a check that big before. lemonis: but the work doesn't stop when the cameras are gone. and success is never a guarantee. nicolas: i'm having a tough time. lemonis: tonight, we head back to new york city to a company that buys used cars.