tv Mad Money CNBC February 1, 2016 6:00pm-7:01pm EST
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actually wait a little. >> guy? >> take the other side of that steely blue-eyed tim seymour. netflix, i think that's going higher from here. >> i'm >> my mission is simple. to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere. and i promise to help you find it. "mad money" starts now. >> hey i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends. i'm trying to save you some money. my job is not just to entertain you but to educate and teach. call me at 1-800-743-cnbc or tweet me @jimcramer. as january goes so goes the year. february is usually a bad month. down far more often than it's up. so we're in trouble.
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and at the beginning of every year have to hear this ridiculous trap and every year have to come out here and debunk it. these observations tell you nothi nothing. even on a day like today where the dow closed down 17 points. s&p losinlosing.4%. this tells you nothing about tomorrow or the next month or the next year. so tiresome. but let's understand how this nonsense gets perpetrated so it doesn't mislead you. first, it's true, there are patterns to things. we like to look at the technicals, right? so to speak because they show some patterns that you can try to make money from. we accept the fact that if a company has a pattern of missing it's quarters then we shouldn't touch it until that pattern
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comes to an end. we totally buy into the notion that the economy tends to slow when the fed raises rates. that's a pattern you see time and again. that's called economics but these other patterns, the season ones they just don't hold up under any scrutiny. for example i heard today this very morning that february can be a cruel month based on a bunch of bad februaries. today dr. stanley fisher spoke at the counsel while he was certainly more dovish than he's been emphasizing data dependence and not the need for rate hikes he didn't take the rate hikes off the table but had he done so, we did a rate hike. we should wait a considerable period until we do another because of the worldwide turmoil since the last hike and then the averages would have roared higher today even as the softer comments i would contend did provoke a rally. does that mean if today would have been good we would have been in good shape for the rest of the month? does that mean that we would
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call into question as january goes so goes the year. that would be nice january wise and however the answer is no this is a tale told by an idiot. signifying nothing. so why do so many people point it out? first let's be honest. many commentators especially those that haven't done their homework. i can say something. it's an intelligent sounding way to fill her up. believe me. i've been in the news business long enough to know that thost how these statements get the importance. given ora of historical analysis. just like that other foolish might sell in may and go away. you should base nothing on it. more important during this particular period many of the patterns that always made us money, they mean nothing too.
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i lived through cycles. every time the consumer spent like mad. it paid off. you bought every retailer. you did terrific. many consumers took to the mall. none of that happened this year. nothing. the spending is more diffuse. the spending on amazon is so pink. the spinning for those that go out versus those that stayed in. the personal spending was unchanged but we had a huge snowstorm. how do we know we didn't get spending from ads on facebook and alphabet formerly known as google. we foolishly try to relate the two. how else could the market be so wrong about facebook that continues to climb up another 2.5% to an all time high of 115 or of alphabet that soared in
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after hours trading after reporting sharply better than expected earnings and it's market cap is now eclipsing apple's two positions for action owners trust.com. further in the last five days we had every major oil services company. the price has nothing to do with the decline in demand. and there's no lack of demand. in fact, demand for oil is increased. some cases increased a fair amount because of more driving. particularly in the united states. some of the companies even detailed how crude coming to the market for deep water products. and they are now providing much more oil than anyone thought. the impact on this company. right now, do you know what we're looking barely down in production year over year. no wonder crude isn't done going down. i mean, honestly, there's some
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projections that we may produce the same amount this year. but that's not the only pattern that's crazy. how about this one. when the chinese stock market last year our market did nothing. we didn't even pay attention to it. no correlation. we were lock step down or conclude they were wrong to go down when we went down or when we went down they went down or whatever. or you can embrace the truth which is there was no national pattern that logic and proportion have fallen sloppy dead we look at which bank stocks were going up and which weren't. so we could buy with loans and deposit growth and then just
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wait for the takeover bids. they were clock work. i wrote a whole book about it. now, meaningless. these days they trade on nothing but the fed. if the fed isn't going to tighten they aren't worth anything. there's many takeovers because there's already so much concentration in banking because they merged during the financial crisis. the banks that do get bids don't get higher. that's another pattern. for every time the stoblg goes up and then suddenly six months ago every time a company got a bid it's gone down. it's a curse to make a bid and even in some cases to get a bid. it's a reliable pattern that ceased to be a incredibly reliable pattern. what do you do in these cases? what do you do when the patterns aren't working? i think it's simple. you shouldn't invest in patterns in the first place. don't just go buy a food stock.
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it might not move the stock as much as you expect. do you know how the company underneath the stock is performing the numbers. if you don't what good is it if the target goes down. so here's the bottom line. if you're going to pick stocks, your job is to look at the company behind the stock you're buying in order to assess the prospects and figure out whether the stock fully reflects those prospects or overly reflects them and it's too high. that's the opportunity. whether it be in a down january or a miserable february or election year or, get ready, a year when the afc wins the super bowl or whatever other nonsensical pattern can be passed off as perceptive wisdom that's neither empirical or perceptive and certainly not wise.
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eric in california. >> booyah. >> booyah. >> i was going to ask you about long-term investment into kinder morgan. upgrade from credit suisse and doesn't seem so beat up by the oil market. >> i don't like it. i'm not recommending any fossil fuel stocks now. you get a lot at the college level. that's the beginning of a definitive move and kinder morgan when they made that go from the c corp. there was a huge tax game you paid and now the stocks crash and you have no game at all. so let's just say no. no how. brooke in oklahoma, brooke. >> hey, mr. cramer, how are you doing? >> i'm doing well. how about you? >> i'm a huge fan of the show. thank you for taking my call. >> thank you.
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>> what is your opinion on the carl icahn xerox deal and do you think that's worth earning. >> i think you own a stock because the fundamentals are good and the company is growing and i don't think xerox has neither. it's not what you want to own. i know it's like forest labs but he has freeport. he has -- i don't know, last i looked you didn't want to be in those. let's do our own work, please. don't want to invest in patterns. your job is to look at the underlying companies or give it to an index fund. i'm here to help. "mad money" tonight the price of crude and the stock market are linked as of late but what would happen if the bond were broken? i'll reveal. then that coach purse may cost a pretty penny but could an investment in the brand pay you back with interest? i'm eyeing the company after earnings and talk about a power move. have the ceo after today's acquisition. so why don't you stick with cramer.
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>> don't miss a second of mad money. follow @jim cramer on twitter. send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc. miss something head to madmoney.cnbc.com. welcome to opportunity's knocking, where self-proclaimed financial superstars pitch you investment opportunities. i've got a fantastic deal for you- gold! with the right pool of investors, there's a lot of money to be made. but first, investors must ask the right questions and use the smartcheck challenge to make the right decisions. you're not even registered; i'm done with you!
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>> for ages it feels like we have been stuck in crazy town. it seems to be joined at the hip with the price of oil. whenever oil went down the averages get crushed like we saw all day today until the closing bell that locks that decline and is lunacy as i said repeatedly because the vast majority actually benefit from crude being cheaper. we know that oil is a huge cost. a tax if you will for consumers and businesses alike you would assume in a rational market most stocks would do fine. instead month after month after month we watched as the oil
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futures head our stock market by the nose. of course crazy town has its own logic and weak demand for oil is a sign that we're headed into recession. but as i told you before the collapse in crude is all about a supply glut. very little to do with demand it became clear that the oil futures and the stock market were decoupling and traded separately based on their own fundamentals and today decoupled further. the averages managed to remount a late afternoon come back. it's the most visible sign to date. that crazy town's days might be numbered. which is why we're going off the charts with a brilliant technician, commodities expert and co-founder as well as being
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my colleague at real money.com to get a sense of what might happen if the linkage between the price of crude and the stock market finally snaps: first look at the daily chart showing the s&p 500 in blue. that has typically been in the high 90s for those of you that may have slept through statistics a correlation of zero means no relationship whatsoever. in laymens term s&p 500 and west texas crude closed in the same direction 95% of a time. that's about as close as you can get in the real world. not only is this hostage to oil it is used to develop the stockholm syndrome. don't get to do much of a rim
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shot in a business show. however there's no way a correlation this strong can last. it's clear that the linkage between the oil futures and s&p 500 became ironclad. that's when people started to panic about the financials of the oil companies themselves. worried about china and demand. if you zoom out with the weekly chart and look back over the past 180 trading days though the correlation coefficient dropped dramatically. it wasn't totally in control like we have seen the last few weeks. in a normal healthy market this number would typically be around 30% but of course normal and healthy are two words you would never use to describe the market right now. remember last week we finally saw some signs that the oil future and the stock market are capable in trading in different corrections and we got that follow up today. the crude and the s&p 500 will continue to decouple. once there's a break out of crazy town we could see a bottom in both oil and stocks as
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traders feel the tail is finally not wagging the dog. take a gander at this long-term monthly chart of west texas intermediate crude. it will take time to sort itself out. she warns that it breaks down below it's recent lows there's nothing standing in the way of brutal decline to 18. that's not what she expects to happen. she believes the $26 floor will hold go all the way back to 2004. so you see the synergy? still the $26 lows are likely to be retested and she does expect the s&p 500 to go back to crazy town and trade lower lock step. just like when oil broke down below $40 barrel not too long ago.
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fwr too many smart people tried and failed to make that kind of call. however she does believe that prices this low are simply unsustainable in the longer run. if you look at the relationship stif strength index here's the rsi that's an important momentum indicator and the williams percentage r oscillator and gets overbought or oversold. you can see that oil hasn't been this oversold in decades. see look at it. these are for longer than they did in 2008. garner says they have a way. they're determined to keep the price low. although who knows when that will happen. >> mid to high 50s. >> it's going to finish at the end of the year.
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check out this monthly chart of the s&p 500. despite the really rough start to the year and we know that's been terrible, hideous volatility too, garner looks at the chart and says she sees a market that's nothing more and nothing less than neutral. and may not be good but not as bad as the doom and gloomers would have you believe. it's become emotional and though we finally got a nice rally she thinks we need to prepare for one more gift before we can get comfortable again. after today's not so good difficult action. based on this chart the pull back to the low 1800s could be standard. can't rule out a plunge down to 1720. over 10% from here. something we haven't done until 2011. it's the healthiest move the market could make as it would
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wipe out the weak hands and give buyers beautiful entry points. on the flip side she says only a fresh break out above 2100 would signal a continuation of the oil bull market and while garner believes we will get there eventually her prediction is we'll go lower first before we go higher again. here's the bottom line. while it's too early to try to call a bottom in the oil and stock market in the charts they suggest that the oil futures and the s&p 500 might finally be ready to break their crazy town linkage and boy that was on its own be a major positive. exactly as we saw in the afternoon of today's session. much more "mad money" ahead. after it's latest earnings does coach have a turn around in the bag? i'm crunching the numbers. and does it have your pipeline in profit? i like this one. let's find out about this power surge after the latest acquisition and did janet yellen and the rest of the fed, i have a message for you. you're motte going to want to
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we both know this market can be far from encouraging but there are some individual stocks out there that are giving you a terrific performance. you just have to be willing to hunt them down. for example look at this incredible resurgence in coach. the handbag maker that reported a so-so quarter last thursday and then saw it's stock soar nearly 10% in a single session. in fact, in less than a week since that quarter. coach has now rocketed more than 20% higher which is absolutely amazing when you consider this company has struggled for years to get it's act together. we know coach has been a total dog for years. company simply hasn't been able to put together any kind of
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sustainable growth. now, though, the market seems to believe that coach is making a come back. it became loved again practically overnight. the turn around here is for real. even though this handbag stuff has become tough coach finally gotten it's groove back. what makes them say that. at first glance coach's latest quarter may not have been all that impressive. on slightly weaker than expected revenue 4% decline of same store sales but when you dig deeper under the hood it's starting to be a lot more encouraging. after two years of declining revenues coach finally posted positive revenue growth this quarter up 4% thanks in part to the recent very smart acquisition. it raises full year guidance. that was huge. that hasn't happened in ages. third coach has been sold with negative same store sales in
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north america for years. and 19% decline the quarter before that. and this was the kind of the bottom. that's what it looks like when the stock is going higher. management predicting that the same store sales will continue to improve over the course of the year. thanks to new products, store remodelling and marketing initiatives and fourth the company delivered strong results in china. everyone is so worried about china. these guys were up 5% in currency. at a time when many retailers were struggling and that matters by the way because it's not a small market. 15% of their total shares from china. how on earth did coach manage to mount such a dramatic turn
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around after spending the last years in perg toir. the actual turn around the company has been a multiyear multiprong process. from the moment victor luis took over as ceo in january 2014 he hit the ground running. outlining the brand and the business. he put an end to the aggressive promotions and discounting that a tarnished coach's reputation is eating into it's margins. he closed stores and smaller markets in order to focus on the 12 major north american markets. he made major immentprovements rolled out a remodelling initiative. he already remodelled 250 stores. company planned to renovate 40% of the location by the end of the fiscal year. now we have seen before how a remodelling program can bolster a company's same store sales but beyond everything else he was committed to reinvigorating the company's product line. back in 2013 he brought in a new
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creative director. his goal, restoring coach's identity and shedding the image of a luxury brand for the masses. they redesigned the entirety of the product line and it's resinating with consumers. go to the stores i have. if you haven't been there in a long time you might not recognize them. plus when it comes to china coach is in the sweet spot. producing double digit growth in the chinese mainland more than offsetting the tourism based declines coach is a lower price point than other luxury brands which makes it more accessible and the company hasn't been hit as hard. if you're going to bribe an official you do it and breaking the law is wrong anywhere especially in the people's republic where it's very easy to
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get yourself executed if you break the law. i'm simply endorsing. now perhaps the best move luis made since taking over this is acquisition. that's the privately held luxury shoemaker that coach snapped up for $574 million. it used to be worth less. and it's over 50/50 boots. it managed to outperform during the holidays. coach is now forecasting 340 million in sales for the label this year. that is up 13% versus the 12 months before the acquisition. double digit and it was the strength of this new acquisition that allowed the company to raise it's full year outlook and look, this turnaround infancy just beginning. as of its 75th anniversary this year, coach plans to launch a
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marketing campaign and merchandise initiative. my daughter has one of those. from the 50s she loves it. they're also using social media to target millennials and a demographic that's been tough for them in most recent years. coach is killing it in europe and china. some of the other brands are struggling overseas particularly in this accessory category. michael kors. this is the real bright spot but it's clear evidence that the come back in coach is for real and that's why the stock can continue to go higher still. plus at these levels coach is trading at 17 times earnings. watch that 10 year it's going lower. thanks to the vision of the fabulous ceo coach has finally begun to turn itself around and the numbers are starting to reflect this new and very much improved story. the company still has a long way to go but i think it's heading in the right direction and i would put coach on my shopping list the next time that the market decides to throw a sale.
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let's go to scott in michigan. scott. >> booyah from the great lake stake. >> oh, man how can i help. >> silver is affordable for almost every investor. is this still a valid strategy to own precious medals and not etfs or do they have two much down side from the average investor. it's high. this is a really tough question. we have the doctor on and he impresses me as a no nonsense guy and if it's real, rangold is the one to go to. let's go to john in colorado, please, john. >> booyah, thanks for having me. >> booyah. >> younger investor i'm looking
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for a good dividend in the market. with the strong dollar and cheaper dpas prices allowing americans to travel a little bit more. >> it's a very sick group right now. all of them. i want you to stay away. i'm sending you to epr or i'll send you to fun. okay. epr properties has been on fire since we profiled it and yet it still yields 6 or you can go to fun. that's the symbol of course, cedar fair which also yields six. those are much safer. all right. coach is on the road to becoming wall street sheik again. it's still got a long way to go. we have a lot on "mad money" today. is it time to consider a utility play? i'll check in with the ceo and then the iowa caucus is finally here. we don't talk politics but i am talking about how outcome can
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>> it almost totally dried up since the beginning of 2016. then we got two major deals. and dominon resources. for those that don't know it's one of the largest gas and electric utilities in the country. gathering transmission and distributi distribution. they're acquiring a utah based distribution, pipeline storage and gas supply company.
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this could be the first of many companies in the energy space. as deep pocketed outfits like dominion pick off the highest quality distressed in the group. i think the stock could be intriguing. it's supposed to be immediately added to the company's earnings. let's look with tom ferrel to find out more about this deal and his company's prospects. welcome back to "mad money". >> good evening, jim. good to be with you. >> well, i have to tell you, none of the analyst notes in the conference call didn't give you credit. in 2007 you sold $11 billion worth of assets at what looks to be the top. now you're coming in and buying up a company that -- whose stock is down and out but the company isn't down and out. just talk about the reshuffling that you have done and how you sold high and now i think you're buying low.
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>> we sold them over 2007 and 2008. the company is a very well run company. great employees. sits in headquatered in utah. it is a natural gas infrastructure company. it's not a classic e and p production company like the assets we sold. it's pipelines, local gas distribution and a rate based gas supply for the benefit of the customers. very good company. >> there's a business that's small that you're going to keep but what i found interesting and did not know is that until you told us on the conference call this is the hub for california for the most part. that's a big market for you now. >> yes, our pipeline assets in the east are the hub of the mid-atlantic. all the gas pipelines that come from east to west and south to north and from canada down all touch our pipeline city. and the same is true for questar
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in the northern part of the western states. all the gas runs through that company. a great percentage of the gas runs through that company and we're looking to help expand. >> is this also recognizing that coal will have less strength in this country? because it seems like these were coal based places that have to go natural gas because of the epa. >> utah and wyoming both about 80% of their electricity is produced by coal. clean coal but still have carbon emissions and there's going to be some work done. >> and i thought what you did basically is i know this thing couldn't be down there with companies that are pure oil and gas companies and that's how you were able to get it for 4 billion as opposed to say 8 billion maybe three years ago.
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>> well, if you track the stock, it's traded down and natural gas prices started down and dominion overall it's a rate based gas which we're not enough time to talk about that but it's very different from a commodity gas company. >> it's gotten very tough overseas. do we need to be worried about your big co-point. or are you just pretty sure that those contracts are good and it's just a really good investment? >> it's a great investment. it's on time and on budget. it will be sending natural gas out inially liquified form late last year. long-term contracts for 20 years with highly credit worthy
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partners in japan and india. not concerned about the contracts at all. commodity price makes no difference. >> there was the most referenced article in the new york times about how some of the big tech companies are putting under servers. is this something you have to worry about or more the merrier? >> i think it's more the merrier. we have -- we brought on like -- we have more data centers than anywhere in the united states and we expect nine more this year. partly because we have a lot of fiber in the state but a lot of it has to do with our low cost electricity and very reliable electricity. which is the highest marginal cost and we recently entered into a contact with amazon to build a solar farm to get the electricity from solar farms to their data center in virginia. we're looking at renewable resources as well to provide
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>> it is time it is time for the lightning round you'll hear this sound and then the lightning round is over. are you ready? it's time for the lightning round. we'll start with neal in michigan, neal. >> hey, jim. gnc reporting later this month. buy, sell or hold. >> i have to tell you my portfolio manager and research director, have to tell you, i think he's making a compelling case that at these levels you might want to buy it. he's a good research director. it's from my trust. i'm going to say yes. >> could you tell me buy, sell or hold on international paper. >> this is a very big yield. remember my dad used to sell for them.
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very big yield. let's see what it is now and it's at 5% but the estimates are too high and whenever estimates are not beaten stocks go lower. wait until we see the whites of their eyes. how about we go to new york. >> harmon international you had them at your 100 best. he was a poorly received quarter that wasn't so bad. so i think that harmon is okay here. let's go to bill in florida. >> hey, this is bill from florida. i'm interested in what your opinion is. >> this stock is -- this is a hotel chain that's been beaten and beaten and beaten and you know what, i think it's overdone. me, i want to go the other way. i think it's a buy here.
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tom in new jersey. tom. >> i just want to say thank you for all you do to share your knowledge with us and i like to get your take on prudential. >> the stock has been in a world of pain and i'm concerned that i don't want to get into a house of pain. metlife is doing stuff i think is far more aggressive to be able to help out the shareholders. let's go to mike in pennsylvania. mike. >> my question is planet fitness, buy, hold or sell. >> from my relatives up in scranto, pa, planet fitness is doing well but i'm not going to go there. i lost too much money recommending over the last decade. let's go to mo in florida. mo. >> yeah, hi, cramer. i love you you're the best. >> there you go. >> i'm calling about ept.
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>> i talked about how my charitable trust owns google and facebook. we need kelsey to come on. this has been a very bad stock. we have lost money on it. got to own that. i don't want to tell you to buy it and that ladies and gentlemen is the conclusion of the lightning round. >> the lightning round is sponsored by td ameritrade. let me show you. okay. our thinkorswim trading platform aggregates all the options data you need in one place and lets you visualize that information for any options series. okay, cool. hang on a second. you can even see the anticipated range of a stock expecting earnings. impressive... what's up, tim. td ameritrade.
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look i know we're supposed to have an independent central bank in this country. it's supposed to be above politics. the iowa caucus where two candidates decide the traditional spectrum of american politics are poised to do well on both parties. we need to acknowledge two ultra important things. first the fed really does matter. matters not in terms of monetary policy or the markets are even or the economy or stocks. in terms of our nation's political stability and second the fed seems to be doing a suboptimal job. consider if the fed continues raising their interest rates four times this year then it's very likely that the united states will go into recession. come on. at a time when a global economic super power like china is experiencing a massive deceleration in growth and every other central bank on earth is trying to ease and ease aggressively the fed lead by janet yellen keeps talking about tightening.
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our policy makers are totally out of sync with the rest of the world and that has serious consequences with any american company that does business overseas and they nominated the strong dollars and at a huge disadvantage to foreign competitors that sell their merchandise in cheap euros or yen or peso. that's how people get fired in this country, because of that. workers get hurt. and a big reason for the super freaking strong dollar is that the fed still seems committed to raising interest rates. perhaps rapidly when the rest of the world is tightened. when the strongest stocks in the market are what i call the recession stocks, utilities, beer makers, gamble soup, hormel and smuckers, like it or not the stock market is very seriously forecasting a recession. to be fair to janet yellen, she's a smart person. i have to believe if the global economy doesn't improve dramatically by the march fed meeting she probably won't make the mistake of approving another rate hike but i worry if the fed
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holds off on tightening they'll still flub the statement. it sounded like a temporary reprieve from the inevitable. i fear the fed will give us the impression that why it's too risky to tighten for the moment. and weakness around the globe. fed should be trying to figure out a way to reverse the rate hike. maybe going back to a quantitative ease again. i wouldn't mind qe-4. i hate inflation as much as the rest guy. and come on air and talk about this stuff and maybe we should have some inflation before we start fighting it tooth and nail. and to anyone who thinks rates need to go higher here, maybe because of the strong job market or rising wages, can i please point out that if we're seeing wage inflation at all in the united states it's because states and municipalities are raising the minimum wage all over the country.
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that's artificial and not organic. it's beyond that. it's not something the fed can control. if anything the fact that so many people care now about the minimum wage for the first time in decades suggests that way more people are working in minimum wage jobs. if that happens you better believe more extreme populous candidates like donald trump on the right, bernie sanders on the left, neither what i will call fans of the fed will start to get more traction than they have. i'm not a political commentator. i don't care about this stuff but i do care about the work person. we know political uncertainty hurts the stock market and we know that both trump and sanders are running against wall street and frankly i really don't think anyone at the federal reserve will be too happy.
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and that's why i'm begging janet yellen and everyone else in that federal market committee to start past the rate hike. the fed's job is too important to sit there on auto pilot and the american worker is the individual most squeezed by your very real actions and guess what, that is who is ready to vote for someone who would throw all of you out and replace you with a very different regime. one that i am sure wouldn't exactly be to your liking. stick with cramer. this just got interesting. why pause to take a pill?
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or stop to find a bathroom? cialis for daily use is approved to treat both erectile dysfunction and the urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex do not take cialis if you take nitrates for chest pain, or adempas for pulmonary hypertension, as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, get medical help right away for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision, or any symptoms of an allergic reaction, stop taking cialis and get medical help right away. ask your doctor about cialis and a $200 savings card i'm in charge of it all. business expenses, stop taking cialis and get medical help right away. so i've been snapping photos of my receipts and keeping track of them in quickbooks. now i'm on top of my expenses, and my bees. best 68,000 employees ever. that's how we own it.
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maybe a significant day today because oil was down $2 and guess what the stock market rallied into the close. this is the second time we had a major decline in oil. the s&p has been ready to rally and we can be out of crazy town. after the close, alphabet, we used to call it google reported an amazing number. not unlike facebook. alphabet is larger than apple and market cap. it makes sense to me. a lot of what they're doing is because of cost control. the cfo, remarkable job and i've got to tell you it's why we are going to san francisco. it's where the exciting companies are. that's right. come from san francisco. the all star line-up we have is not to be believed and i can't wait to see you there. there's always a bull market somewhere. i promise to try to find it for you right here on "mad money." i'm jim cramer and i'll see you tomorrow. lemonis: tonight on "the profit"...
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andreas: meat in the gyro? lemonis: ...my big fat greek gyro is a small franchise with a growing footprint. are you guys still in love with this business? -mike: i am. -kathleen: i am. lemonis: already, there are five locations up and running. -how long have you been here? -jace: a little over 3 years. lemonis: and as the business has grown, so have the problems. mike: you're my partner. you can pick up the slack, as well. kathleen: you're gonna put it on me now? lemonis: husband-and-wife team who started it have no idea how to run it. rich: i've lost respect for mike as an individual. lemonis: their food misses the mark. they're actually terrible. andreas: you don't like them? lemonis: no. their branding is all over the place. hamburgers and hot dogs? and the franchisees aren't getting anything close to the help they need. kane: the only help we ever got from them was on the first of the month, they came and picked up their royalty check. lemonis: for this business to survive,
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