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tv   Mad Money  CNBC  June 22, 2016 6:00pm-7:01pm EDT

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>> derek rose, did you hear him? >> oh, yeah. i talked to him in the green room. >> ice, intercontinental exchange. they trade all the things that are going to move. >> i'm melissa lee. thank for watching.. 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 and welcome back to our home on the west coast. cnbc's one market. other people want to make friends. i'm trying to make you some money. my job, not just to entertain but to teach you. tweet me @jim cramer. after a not so hot day where
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that s&p 500 declined, nascar lostering with need on address an important question. do we have too many of everything? it sure feels like that on a day like today. too many stores, too many trucking companies, too many airlines, too many banks, and nothing can be done about it except survival of the fittest. for the longest time the free market took care of itself. the big fed on the small. we had rational markets based on companies able to combine and take out costs. but in the last couple years, the federal government has turns violently against these deals. we're starting to see the havoc as company that grow are no longer given higher priced earnings and the government has chilled the whole darn process. i think it is a back lash to the justice department's willingness to bless too many airline mergers with the straw that broke the camel's back with the u.s. airlines deal. that raised prices and it changed everything.
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it has been downhill for mergers ever since. think about what has happened lately. we have to put it together. we have way too many oil and service companies. then this is the oil patch itself of there have been so many companies, apache, range resources, eog, we got nothing. no deals. nobody budged. the only pipeline deals, it could have men so much at the right price. but they got it very wrong. now it's decided at the end of the week. meanwhile there are a number of pharma companies but when pfizer tried to get together with allerigan, they nixed it. even though they are now american, it made sense for the treasury department to kill the transaction. but boy, at this time ever freeze mergers in the pharmaceutical space. now consider this dow dupe only
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deal. have you noticed it is not getting done? it is because they don't want to bless too many seed producers, merging to become the number one in the industry. we haven't heard anything about the intent to take over rite-aid by waldwreens and that's all about market share, too. of course, they really want to see two of the nation's three largest drugstore chains coming together. this is an empty seed tradition. another transaction, looking like giant giveaway. at the same time, in the health insurance base, the government is putting out the word through the press that at once the anthem cigna merger on ice. what does that mean? is it now dead on arrival? could be. although state and federal regulators do seem more comfortable with the combo. they don't matter. plus, put it on these deals together. put them, all the stalled deals. what you can see is there is
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something big going on here. sgig bad for stocks. it is difficult to measure, the fact that the government has gotten more resistance is a huge overhang. if there is no new money coming into stocks and we have record high positions with fears of brexit, the only way we can rally is by shrinking the existing stock. ibex can do that but not enough. takeovers are the real answer. for example, let's look at retail. we have a massive number of department stores that seem to be on the endangered species list. look at kohl's, macy's, jcpenney, niemann marcus and sears. we don't need that many stores. it is absurd. the solution? we need mergers to let them sell their valuable real estate while giving them more for suppliers and creating opportunities for cost cutting but they aren't taking advantage of their chances. sure. sports authority went you said.
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but these are just amazon kill. and they don't take that much capacity. we can't expect home depot to merge with lowe's but there are so many smaller chains they should be gobbling up. way too many suppliers fighting for precious aisle space in these stores. have you ever tried counter the restaurant chains? wendy's, burger king, buffalo wild wings, jack in the box, kfc, taco bell, pizza hit, domino's, mcdonald's, you name it. it is ridiculous. judging by these. we know that honey well tried to merge. you know the best thing going? something that we were asked about. that's a good deal. the auto parts company need
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combine to get more power over the automobile manufacturers for certain. media mergers make so much sense. you think you're getting blocked by stubborn participant. time warner gave them the high. tribune went rogue and it looks like that blew up for no good reason other than ego. the best way to solve the problems? unite with cvs. how about biotech? do you know who came back with a snap back rally? do we really need all of them? those are the big ones. so many smaller players. the small speculative ones have come down dramatically. nothing is happening. maybe it never will. finally, tech. talk about an area where consolidation is desperately needed. later tonight we're hearing from a terrific software analytics company. i like it a lot. that would be a natural fit. they want exposure to network
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analytics but i'm sure it isn't on the radar. how about fitbit? this is not a watch company, it is a health and wellness company. at these levels, it is at $12. i listen to twitter today talking about his company's prospects. sure, they're improved. but the stock is the worst. that's an opportunity for somebody. but no one is taking it even though microsoft overpaid. i just don't get it. i don't understand why more company don't feel urge to merge unless they're afraid government will derail or delay their deals. and the he wielephant in the ro we're talking dealers. tesla bailed out their cousin company. eli musk with his own shareholder base. $215. tesla's stock is now below $200. you know my view. you like tesla. buy the car.
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not the stock. maybe i'm too conscience of the vast number of companies out. there i have to study furiously for the line round every night. endless new stocks. endless tech and bio. way too many. the clock is ticking. the bids should be made. but it sure doesn't look like that will happen any time soon. let's to go susan in california. susan. >> caller: hi, jim. >> hi, how are you? >> caller: just great. great to talk to you. i have disney. it took a hit the year partly because espn is losing subscribers. how is it going to handle that problem? dory is doing great. >> if espn is not doing that well or it is losing some stocks, then disney will go down. longer term, i think all the things that you mentioned. whether it be shanghai disney or the incredible movie slate. they will trump over espn. i have to be honest. right now, it just hangs on
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every little date point on espn. and i think espn is not doing as well as it used to. steven in washington. >> caller: is this a good time to increase my position in starbucks after the great news on june final reported by the "wall street journal" that the world health organization after 25 years reversed course, stating now that coffee is not chaffable as a carcinogen. >> steven, my trust owns starbucks. it is in the grips of high multiple compression. the companies extremely highly valued are just not doing that well. worst day in the course for the charitable trust but i expect nothing out of starbucks until we see the next quarter. here are two words to describe this market. too many. retailers, restaurants, banks, biotech, you name it. and it is leaving some fierce competition and lower stocks. maybe good for consumers. bad for the market. on "mad money" tonight. what are underarmor, air b & b
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and groupon all have in common? they are all clients of one tech. then forget king leer. is this gearing up for a tragedy? i'll put it in a historical context. and fitbit. can it regain its footing? i've got the ceo to talk about the plan ahead. i asked my dentist if an electric toothbrush was
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at a time when every company needs to embrace digital or die, it is important to know how well the software and the websites are doing. that's where a company like new relic comes in. they provide cloud based software that helps companies monitor and measure what their business software is doing and how users are interacting with it in real-time. does it work? it gives companies tremendous insight into the digital operations to make it easy to fix problems before they happen, always wealth of data about what the customers are doing. a couple of exam manies. remember the disastrous launch of healthcare.gov website. hit so many bugs it was almost unusable. well, the administration called tech experts. and they started using new relic. here's another one. understanding the dill digital experience.
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it shows people what they are reading and whether they sign up after perusing a certain number of article. that's incredibly valuable information. after plunching down to $20 and change, thanks to a sell-off in all these tech stocks, made worse by linkedin imploding, it is working ever higher. so can the stock continue to rebound? let's take a closer look. this is the founder and ceo of new relic. learn more about his company and his process. welcome to "mad money." viewers are bombarded by software analytics companies. they think they have to be able the same but they're not. >> the most important thing is that business of all types feel this urgent need to become digital. every board is digital. if you're going to go digital because your company are going digital, how do you realize the return on that investment? how do you make sure it is working.
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that's what software analytics is doing. we're the only one in the cloud where a pure play cloud company. 100% sass. >> so i'm an industrial company and trying to figure out how to have gross margins. how to beat my guy. so obviously, what do do i, go to you? >> absolutely. let's look at ge, for example. so ge is globally standardized for all its software initiatives. >> that means that you're the platform for their initiatives? >> basically we're the platform that measures every software initiative, monitors initiative that they are doing inside ge. they're becoming a software company. how do you know if your software is working? whether or not it is producing a good experience? this is the dashboard to measure the software. >> let's say i'm the government. i want to do a healthcare.gov. i need to you figure out whether it is working? >> absolutely. and there was a before and after with healthcare.gov. before new relic, it was front
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page news that wasn't working. within days of calling new relic, hungs of people were using our product. it is so easy to use. that that was the turn-around that got healthcare.gov on track and now is delivering incredible service for millions of people. >> i try to explain to people, when you look at a company like new relic, you're not looking at erks per share. you're looking at land grab. you're looking at being able to playing it so no one else comes in and looking at exceptional growth. this is your mantra. >> we are a growth company. absolutely. we expect to continue to grow. we've never been a growth at all costs company. we've delivered a thousand base points for the last two years running. we expect to do it next year. we just see, if every business is becoming a digital business and there are these legacy company stuck with on premise business models, there will be leaders that emerge. i think there's a sales force opportunity and we are the only cloud company, pure sass company in the space.
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we think we've had an opportunity to focus on the growth. >> so compete with amazon. i'm a retailer. i bring in new relic to tell me, how not to screw it up? >> yeah. it is so easy. basically first you sign up for an account. within minutes you're seeing inside your software and seeing, am i open for business? is the shopping cart working? that's step one. what are our customers doing? what's the end experience? is it fast or show? how do i make it faster? third, because we're seeing the digital customer experience, we can help them grow their business. you're learning about your digital customer. when you learn stuff from the data we provide you can actually make the digital customer happier and that grows the business. >> speaking of growing business, did you start for some of the smaller medium size. >> yes. >> can you give me an example, small or medium that we don't think is small or medium in part because of what your company has done? >> one of our 50 customers was air b & b. we've grown with them. so this is another part of our growth story. it is not just a one-time kind
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of interaction with new relic. as our customers grow, as their foot print grows on cloud or on premise, we grow with them. that's one of the reasons why we have the tip which i relic customer grows over time. >> i have one that i happen to love. i'm picking it because a lot of people watch our show are symbolic. mlb.com. if i have trouble getting on, i get a customer service person. is that rootuted through you? >> mlb built a billion-dollar business. our national past time has moved not only from the ballpark to the tv to the phone, or the tablet. so mlb makes sure that tablet or phone is world which is a. if people can't see the stats, they may never use it again. and that billion-dollar is in jeopardy. so they use us. >> i deal with a lot of older company that are big.
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ibm. we want to be in software analytics. they look at the size of your company. they know they can buy it. you lose your company if that happens. do you want to who's your company on behalf of the share holders who want to make a little money? >> the most important thing is that i love my journey at this company of i still build software as part of my job. just like you're doing what you love. >> i am. i am. >> so as long as we're just focused on delighting our customers, we're not done building products. i can't wait to come back and tell you what we're building next. so that's our focus. delight our customers. ride this wave to digital. we think our best days are ahead of us. >> one thing no one understands it's, how you can be both friends and enbhis amazon. you're on amazon services. >> we're friends. think about, amazon wants more and more businesses to move their businesses to the cloud as fast as possible. what's the hesitation? i want to make sure that i derisk that move.
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new relic derisks the move to the cloud. by measuring the effectivence of the software on premise and on the cloud. so amazon loves us. we accelerate migrations to their cloud as well as azure, as well as other -- >> microsoft's cloud. >> does wall street not know how to value analytics? the ear mark should be somewhat of a function. yours is huge and the market cap is not where it should be. >> we're talking just before this. i think in the very early days of sale force and cisco, it was really hard. we're trying to create a market heretofore has not been fully defined. and we feel like over time, investors will figure out the opportunity. we focus on delighting customers and it will take care of itself. >> i agree.
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the founder and ceo of new relic. newr. i'm embarrassed to say that even a 84 ago i didn't know these guys. my bad. >> coming up. >> look what came up. twitter. >> give it a spin. the wheel of tech fortune is coming up.
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on on on on
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. the rhetoric tomorrow for the brexit vote on whether or not england will leave the european union has jumped the shark. i've repeatedly told you that all sorts of commentators and money managers are making a money out of a mole hole. even if the dreaded brexit actually occurs, it won't do as much damage as we're being led to believe. especially for the companies in the united states who don't do
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business overseas. it is now actually entered the room of pure hysteria. why do i say that? when i picked up this morning's "wall street journal," i noticed op ed by ridley. the piece is titled, the business case for brexit which doesn't sound all that ominous. when i read the first paragraph my jaw practically hit the floor. here's what he says. in voting thursday on whether to leave the european union the british people face perhaps the moment momentous decision cynic henry viii left the church so he could marry as he pleased. he just put this brexit vote on the same level as the property assistant reformation? ridley continues. the catholic church five crime scene ago was led by the eheat answerable to its own courts at
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the expense of ordinary people and with powers to imfoes one size fits all rules. i think that overblown melodramatic framing of the issue tells you everything you need to know about what's happening here. this kimes of hyperbole can be found on everything on both sides from which we'll hear the pro euro crowd which claims a brexit could devastate financial world. ridley is a pretty smart guy. takes the vote for staying prex vote could be the most momentous vote in 500 years. do i need to say why that's ridiculous? the totally unnecessary decision to get involved in world war i? more momentous than the english civil war where they cut their king's head off and laid the foundations for modern democracy? does the prex vote have more significant vote to fight napoleon to the bitter end or to colonize huge chunks of africa and asia? or i think it is safe to say
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that neville chamberlain's attempt to appease hitler was bigger. in the heat of rhetoric, britain is already an a la cart member of the eu. not only does it ever its own this money. they are part of a border free zone. you can travel between them without a passport. that's not the case in the uk. the court of justice can't overturn british haws based on the charter of fundamental human rights. britain is not a signatory. and they have ability to opt out of any eu legislation related to justice or home affairs. and britain gets a sizable rebate from the eu meaning the membership dues are much lower than other countries like france or germany. in short here's the bottom line. even if britain votes to leave, it is not that momentous or terrifying. maybe the pound could get hurt
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and some u.s. banks will have to transfer out of london. you'll let's stick with the program and remember what really matters regardless of how overathlete brexit rhetoric gets. and i have to tell you, it's gotten ridiculous. vick in wisconsin. >> caller: my question is about ncse. the chinese online internet company focused on providing online services and gaming and online services. is it affected by the chinese government regulations and stocks? is it affected by nonchina events such as brexit? >> nonchina events such as brexit, no. i don't recommend chinese stocks on the show. too many have a lot to do with what the communist party decides to earn and i would rather have
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other determining factors. >> caller: from texas. hey, jim. >> sure. what's up? >> caller: my question is, i final it odd that the trades on the new york stock exchange might be basically -- my question is, general motors, do you have to take their financial documents worth a grain of salt when you try to make a valuation of the company? [ inaudible ] and what are your thoughts with brexit on the horizon? >> i like the financials. i believe the tata is a very well run company but it is in the automotive business. the automotive business is getting a shrinking price earnings because people feel the car business, i don't want to
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own tata motors but i don't want to own gm either. it is the autos i have a problem with. not india. let's not blow brexit out of proportion. understand the risks involved and stick with the game plan. this story could lead to some real opportunities to make money. fitbit. the company has reported four quarters and each time stock has declined so what should you do with the stock? and could your portfolio be winning? we're playing wheel of tech fortune. wherever it hands, she is not holding back and neither am i. and a very special addition of the lightning round. stick with cramer. you both have a perfect driving record. >>perfect.
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at when point to we say that fitbit has to then too cheap to ignore? it became public roughly a year ago. while it surged higher the month after trading, the stock has
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been in the dog house ever since. now fitbit has reported four quarters as public company and each time, they massively beat wall street's top and bottom hine estimates. but then they paired with it some guidance that people found disappointing. and because investors gary the future, not the past, it has gotten worse. now with it trading nine times, you have to wonder if it is just too darn hated. the company has been breaking into the corporate health and wellness market where they help businesses save on health care costs by encouraging people to get exercise and i can see why someone might be tempted to picket this. the stock so heavily shorted and shamd again today after a negative piece of research saying they are seeing a declining demand for the devices. could it be that the consensus has gotten too skeptical?
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let's sit down with the ceo. there is a sense no matter what, i think, that people say it is peaking. you can't just go on and on and have something peak and people say peak, peak, peak and it never peaks. this is clearly something larger than what people are thinking. >> a couple things. right now it is year nine for the company. a long history of us having executed year after year. and if we just look at one factor in our growth. internationally, u.s. continues to grow. if you look at the international numbers, they're amazing. and international still only represents 20 something% of our revenue. if you look at peer company, a lot of them are 50% or more. so just on that factor alone it shows that we have a lot of head room in our consumer business. >> let's talk about what is called the attach rate. what you would index with. it is more cell phone than pure athletic tracker. >> totally.
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this is a connected device smart in a health and fitness category. so looking at it as an attachment to smartphones. if you look at the attach rate, that's 200 to 300 million devices in this market. that's been recently confirmed. i think idc came out with a report saying they think there can be over 200 million wearable devices sold by 2020. >> one of the things that you have not done that others have, listen, you've not said we're a health and wellness company. as things develop, it is beginning to happen. there's peer review. papers. empirical evidence that you're saving lives and money. >> absolutely. we've been at the enterprise health market for many, many years now. it is just now that we're starting to see a lot of concrete data come from our efforts. we just haunched what we call
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fitbit group health. over 300 attendees from a lot of health care systems, employees, et cetera, and some of the stats that came out are incredible. so mckesson saved over $7 million a year through the wellness programs. they're one of the customers. bp america shaved 3.5% off their health care costs with their wellness programs. bp america is a key customer of fitbit for over three years. so these are the stats. >> why do those stats, do you think, trump things like how many discounts there are in different stores that people to go or how often you're searched? these have been the mickey mouse reasons people have been using to sell the stock. >> i think it is because a lot of our revenue comes. look. we're a long term business. group health is going to be an
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incredibly part of our business. one concrete data point other than the savings these corporations are seeing is look how many peer reviewed research studies and papers that fit bit is part of. right now there are over 100 studies that we're a part of. one big one was the dana far better cancer institute. they're looking to see if fit bits can be used as an integral part of the breast cancer. >> you've been very clear, you have said there isn't necessarily a linkage to stop breast krangs but you have stayed over and over again that as you get more and more data, you will switch over in the minds of investors. what percentage is health and wellness versus the conventional people want. >> right now the group health revenue is less than 10% of the business. but we have over 1,000 enterprise customers we've added oh the last ten years.
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this is a long term vision that we have for the transformation of the company. >> aren't you surprised that each time someone puts up a strawman, you were supposed to be destroyed by jaw bone. then nike was supposed to kill you. and then under armour was supposed to kill. >> we're still the leader in this category. depending on the research reports, we're still number one. if you look at one great exam many is our fit bit blaze product. i think cs, consumer reception was great. investor reception less so. even the numbers there proved out our vision for that product. the number one selling smart watch on amazon and holds five out of the top ten spots. it has been our vision over the last ten years that has kept us here. >> there's a person i like very much that doesn't come on the show, laura albert. wouldn't join the board unless she felt there was a one year up
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and then the rest of the time decline. >> we just added them to the market. these are amazing encredible executives. we're very lucky to have these two women. >> these people who don't need to attach themselves to you. >> they don't. they're passionate about the future of this category. >> right. and that's the way i feel about itself on far i've been wrong. i'm willing to be wrong until the big payoff. thank you so much.
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it is time! time for the lightning round! and then lightning round is over. are you ready, skee-daddy! let's go to rich in michigan. >> caller: mr. cramer, boo-ya! >> boo-ya. >> caller: what's your extended outlook on intel?
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>> unless they get a lot of apple business, i think it will tread water. roy? >> caller: boo-ya, jim. thanks for taking my call. >> of course. >> caller: what do you think about rgr? do you think -- >> historically, i've liked it very much. it is one of the vice stocks that we run on real money.com. i think smith and wesson had a better quarter. i would rather stick with that one. let's go to duval. >> caller: how are you? >> you're buying miles white and there's none better. i reiterate that i like abbott very much. tim in minnesota. tim. >> caller: hey, professor jim, eagle fan. >> quadruple back. >> caller: what is your outlook for kmi? >> it is making a comeback.
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oil is making a comeback. it is not my favorite in the group. the group that i like, the one i like is enterprise product. >> caller: i'm calling about nsu. >> it's an inexpensive stock but i'm not a big fan of the mining stocks and fossil fuel stocks. i'm not going to go there. let's go to ike in pennsylvania. >> caller: hi, jim. i'm calling about skechers. they have been dead money for eight months now. and they had a great first quarter. expect to have a good year. why is the street so disenchanted with the stock? >> you know, this is a really great question. this is deliver, deliver, deliver. i have to tell you. the foot wear business. the finish line, foot locker, it is not good. it is all caught up in that same
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mall. marty in illinois. >> caller: hi, jim. you've always said, use due buy and homework. united technology bought 300 shares at 49. what is the outlook? >> if you saw 150, you wouldn't to have worry about the outlook. he's a terrific manager. that stock is above where it was after they got the bid from honey well. and that, ladies and gentlemen, is the conclusion of the lightning round! >> announcer: the line round sponsored by td ameritrade. random? no. it's all about understanding patterns. like the mail guy at 3:12pm every day or jerry getting dumped every third tuesday. jerry: every third tuesday. we have pattern recognition technology on any chart plus over 300 customizable studies to help you anticipate potential price movement. there's no way to predict that.
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we're here in san francisco trying to take the pulse of silicon valley. when it comes to technology and the start-up scene, no one has a better read on things than cara fisher, an old friend who happens to be a tech journalist. a she is the host of a huge, huge podcast and the producer of the big code conference that took place a couple weeks ago. last week she broke the news story that they tried on buy linkedin but they couldn't compete with microsoft's deep pockets. so let's check in. we'll have a little fun here, too. so check this out.
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all right. i'm with the executor director. >> tesla. yeah. that's fitting. >> it is. perfect. >> as of last night. >> it is an unusual purchase. do you get it? >> yes. i think that maybe his mom said to do in it a cousin thing? >> no, no. he gave a good explanation but still, it is okay. >> 20 years from now it will be a good explanation. >> if it works, yes. >> presumably. >> yeah. i think he has a lot of leeway to say things like this. we just had him at the conference is that he was fantastic. he has a lot to say about a lot of things. and people are really rooting for test ha so i think he has a lot of leeway despite people wonder if he can make the cars that he wants to sell. >>, my daughter has 183,900 is where she is in the placement. >> but she's in the lien. >> you're just different from --
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you can talk about everything and you know more than everybody else. >> well, more than you. >> completely. and i've owned that for 20 years now. why is it that people talk to you? >> why? i don't know. i don't know. it is interesting. the other day when mark benioff, they were making a bid for linkedin. i had heard they were the wungs and there was a source who said it was another bidder. he said yeah, i'll talk to you. i think i call people. >> let's back up. i have found you to know more but not, you play, you have bold faced names. you can do that. but that's what about to me. there are very few people who even want to play an over hand like that or even know. i the wheel of fortune. >> i'm so happy it is here. >> sort of a lightning round. of the themes of mobile, cloud, artificial intelligence, of
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augmented reality. >> i think the stuff around artificial intelligence is right now. beyond that, robots and drones and stuff like that. i did a series of podcasts yesterday all about that. talking to jeff hawkins. we talked about the code conference. all the companies are focusing on deep learning and how computers are taking over jobs even. and it is a really interesting time. for someone in silicon valley who has done height right now, we're in a weird period of heavy. it is starting to get really serious. how will computers change our life in life and health and food. >> when i hear all that. you're also a humanist. digization means out of work. >> absolutely. i think that's what they don't want to talk about. i kept asking that. i was interviewing her, she is
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so so smart. a good dating life, apparently. so what was interesting is that she was talking about radiologists. computers do it better. there won't be raid yol jifs in ten years. my mom wanted me to be a radiologist. >> there is a bess less benign one. they either take all our jobs or do everything we do and better. much better. or they become malhe have lent. he thinks they treat us like house cats, computers. the worst-case scenario is that a small group of people tone world in a lot of ways. he was talking about google. >> people who took computer science. >> not just computer science but a very small group take over. they run the most important artificial intelligence stuff.
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his push is to get everybody to have artificial intelligence. to even put it into your veins so you become digitized yourself. >> i don't want that. >> it will happen. it might not -- this could all be fake. >> one of us is. both of us can't be real. >> nothing is real. we're a game of the future. >> i like that. this is also theological. >> yes, it is. >> the first time i'm going to -- oh, my god. look what came up. twitter. >> you've got the heavy hand. like a trump casino. >> why is this company in business? >> i think the linkedin sale -- >> i think it is a significant company that is worth buying for a lot of people. the question is, will this board, this ceo allow to it happen? and i feel like there is a lot of hair on that company. you have to wonder.
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right now they're in france talking up the advertising and doing the best they can. in the end it is too small. >> it is not an advertising company. if i were visa i would buy it. instead of shutting my card down. >> you have facebook, i don't think facebook would buy it. you have all kinds of buyers. comcast. everybody. lots of biggers. i don't know if they'll let it happen. but jeff, someone told me if he was a gymnast, he just hit a perfect ten on the dismount. >> we're going. are you ready? >> yeah. no 00. >> alphabet. >> that's an interesting one. you know, they've tried a lot of things. they have a lot of trouble, tony left. so anyway.
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all kinds of things going on. the ceo is a terrific ceo. their trying all kinds of things. they have a lot of leeway because of the amount of money they have. >> now just three words. >> air b & b. >> you did that. so the what do we do? >> i think they all won't be worth it. so they become public when they can? oh. that one is worth -- >> i don't know if it is worth as much as that. it is a powerful company. >> is it worth more? >> everything is. >> that guy. he says he will do the buying. i don't know. >> and how great is he? >> he's great. i want to ask you a question. he stopped amid a may know movement in this country which was a movement to take over
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legislatures and pass -- >> he's very active. very active. >> nonhuman rights legislation. >> i love it. that's my favorite part. he's unusual. >> how about the big election? are you going to run for mayor? >> yes, i am. >> why do people not believe me? you're going to be my running mate. my campaign finance manager. >> in another life, maybe that will happen. >> and this is how we'll raise money. >> we didn't do this one. >> we didn't get there. >> i wish we had more time. hey, honey?
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undeniable, it all brexit. we're trying to stay focused on the fundamentals which might give you an opportunity if they crater. there's always a bull market somewhere. i'm jim cramer and i will see you tomorrow!
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[engine turns over] [cars vrooming] >> [imitating car] tonight on "jay leno's garage"... that feels good. supercars: they're the pinnacle of design. >> this, to me, was something completely different. >> engineering. >> it really feels like a big go-kart. >> and price. >> $12 million. >> wow. >> but what makes a car a supercar? >> it's an exaggeration of everything that's cool. >> how're you doing, jay? >> can you give me a ride back to la? to find out, i take a ride with "shark tank's" robert herjavec in one of the most iconic cars of the '80s. >> when you want to be a somebody, you buy a ferrari. when you are a somebody, you buy a lamborghini. >> i got a one-on-one with the man behind the one:1. what was your biggest obstacle? >> everything. [both laughing] >> but it isn't all about high speed and handling,

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