years ago. >> right in the you know what. >> so i'm a buyer of walmart >> that's great. thanks for having me it's been fun. "mad money" begins right now "mad money" with jim cramer begins right now 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 just trying to help you make some money. my job is not just to entertain, but educate and teach you and put it in perspective. call me, or tweet me @jim cramer welcome, august. for as long as i've been in this business, august has been a month where we have unexplained

or inexplicable sudden sell-offs, including nasty ones like today, where the dow lost 274 points, second worst day of the year for the two averages, and nasdaq third worst let's tick off the possible reasons why we might have gotten slammed today so you can get a handle on what's happening and more importantly what's going to happen that's what matters. first, the most obvious reason has to do, yes, indeed, with our president. if you believe the huge rally in the stock market since the election has been all about trump, then you might have been jarred into selling in the last few days there's also the narrative of a ceo president, to bolster american industrial might. as of yesterday, that latter narrative, it's out the window the president badly misjudged the ceos who stepped down from his panel.

the execs stuck with their values i talked with a lot of ceos. most of the ones i spoke to believe that the president implicitly backed the kkk, and the neo-nazis, against a group of charlottesville natives who consider white supremacy to be repugnant that's their story the ceos felt trump was giving the white supremacists a pass when he chose to blame both sides for the violence and said one very key line. which was, there are very fine people on both sides the ceos i talked to believe trump is on the wrong side of history here which brings me to the disbanding of trump's economic council yesterday. businesses to assist the president in passing an agenda, it's over. but if you're selling stock because so many ceos are getting off the trump train, i've got a news flash for you, you need a

better reason. congress can't get its act together can't even pass a debt ceiling bill if the executive council dismissal is what makes you want to sell, you should have gotten out months ago the president is a go it alone guy if you haven't noticed they're against burning their stakeholders and backing the president on this charlottesville issue, would be doing just that. many of the executives resigned because they only fear customer or employee wrath if they stayed i'm sure customers would have gotten mad, but the truth is, the ones i talked to view the events in charlottesville very different than trump does. they saw it as a cheap shot that trump tweeted that people are getting ripped off by the drug prices they were appalled he could be so dismissive of one of their own, one of the finest

executives in the country. you may think the president's comments were outrageous, too. but that's not a good reason to sell stocks either next reason for the decline? there's a belief on wall street that high-level people in the white house who are regarded as super important to the economy might quit namely, gary cohen, trump's chief economic adviser who's trusted and respected by every ceo i deal with. and i deal with more than just about anyone in this country now, i hated the explanation for this, though because cohen's jewish, he's more likely to resign, as if jews are the only ones who doesn't like the neo-nazis i conceive cohen is important enough to trump's economic agenda his leaving would really hurt the stock market i have said if he became fed

chairman it would go up 5% it's reasonable to believe it would go down if he leaves i think we're going to take a hit anyway some of it will be on fears that he's going to leave. he's invaluable in getting taxes reformed even if you think he should resign, you have to accept that it would cause a fairly sizeable sell-off if he departs he's that crucial. but then again, the white house issued a statement saying he's not going anywhere what else are we left with how about the earnings we've got a tepid quarter from cisco, which is the backbone of the internet some would call that a good reason to sell cisco i think the company's doing a pretty good job. it's not from lack of demand maybe you thought walmart's quarter was a reason to sell that would be wrong, too the numbers were actually excellent. it's just that the stock had been so elevated

it never went down during this period when retail was so hurt so the numbers i'm calling them good. it ran into the quarter. what else? the fed statement about how it may not raise rates because things are weaker yesterday? no, i'm not going to do that either it hurt the bank stocks, but that's not enough to bring the market down. 13 dead, more than 80 injured in spain, it merits pause if we sold stocks on every tragic terrorist attack, the market would be below zero does that exhaust the list yes, if you're a conventional thinker. i've been trading stocks since '79. i've got another explanation for today's action, more than what i saw in my twitter file it's august. it's slow. time for vacation. stocks have had a big move why not sell some. why not sell some of the facts

this is what people are doing. this is precisely the reason why i did tell club members to lighten up on stocks to raise cash i bet the sell-off isn't done. it could get up there. we're due. i also believe we'll get a bunch of sell-offs like this one over the next six weeks because that's what happens every year this time i've been telling you this if you haven't done so already, please sell your least favorite stocks tomorrow to raise some cash so that you'll be ready to pick up your most favorites as they come down and become bargains that's how you need to position yourself let's throw in one final reason for the decline. your fellow shareholders are not to be trusted. when i got off the elevator today on wall street, a few guys saw me and said, hey, what the heck is wrong with apple it's doing terribly. should i sell? hmm, i looked at the stock price, 2% decline, up 36% for

the year you can't bank on other people to hold on to their shares trust me, they will panic tomorrow they will panic tomorrow if we go down. they will sell and that's the reason why we could have another ugly day. bottom line, the calendar and these weak-handed momentum shareholders that have gone along for the ride, have produced a selling that trump -- let's say that the washington craziness has certainly tapped into now, you have to ask yourself, will the president seize that as an excuse to deflect anyone who wants to link this decline to the white house? blame it on august why not? beats blaming the ceos who broke with the president unless you're the kind of guy who just loves having someone to blame. john in michigan john >> caller: hey, jim. love the show. longtime watcher >> thank you. >> caller: now that peabody energy has converted all their

debt into stock, i was wondering what your thoughts were on peabody energy and the coal industry >> good opportunity to sell right here i think the fossil fuel setup is very bad i think oil's going to go back to the low 40s, maybe take out 42, 41 and you don't want to be anything in energy until i tell you that it's all clear. which is, again, something i've been telling club members. let's go to daniel in florida. daniel >> caller: hello, jim, this is daniel i want to thank you for writing two of my most favorite books. >> you're a great guy. thank you. thank you. >> caller: i have a position in berkshire hathaway b, and i have been wanting to add to it slowly and carefully as you advised, but the thing just keeps going up we've had a minimal tiny dip

today, but still it's not enough, if i bought more, i would be violating my basis. can you give me some advice? >> yes i want you to wait i think that this sell-off has some depth to it i don't like where the vix is. i don't like the action, so to speak. i know a lot of people have gains. let them sell it down to your level. and i want to make that case for a lot of stocks here i see things i like. i'm not a bear but let people sell berkshire hathaway and other stocks down to your level so you get them at your prices. this is what's going to be called a bargain when we're done with it. hey, august, where you been? you need to get used to the periodic and somewhat painful sell-offs. raise a little cash by selling the ones you don't like to buy back your favorites and what i think are going to be bargain prices hang on for the ride, okay do not get out now google ai brought to fox's

platform what it means for the stock going forward. the one company that amazon should fear, just ahead. and students of quality education, without even having to leave the house i'll tell you what it is when i turn in tonight's homework so stick with cramer your brain is an amazing thing. but as you get older, it naturally begins to change,

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improved the value proposition we learned something exciting about fox, it's teaming up with google cloud vision. to use advanced recognition technology to help companies get a handle on their data it's much easier for computers to sort text than it is for them to sort pictures that's where the partnership with google comes in basically they're using machine learning to make bgss and maybe even life more efficient now, fox is currently in its quiet period, roughly two weeks. this is a major development. i want to ask about the quarter, and think about bigger things. let's check in with aaron, the co-founder, chairman, ceo of fox. we're learning about the new artificial intelligence. >> thank you. >> this is exciting. to me, this is the intuitive device that i've always wanted, because video and obviously pictures have been the major innovation, and so how will --

you've got so many good customers. how about a p & g, google, how would the companies use this >> any company that has a large amount of image data, you just mentioned certainly a few of those, with procter & gamble or gap and others where they have product catalogs, product information, they have retail, photos, that they have to collect, and right now, large enterprises have to spend upwards of millions of dollars trying to manually classify, tag, and organize all of their image data so that's obviously both cost and time prohibitive for both large companies and companies of all sizes. now what we can do with artificial intelligence is automatically classify this content. you can upload a picture of a shirt and it would automatically detect what kind of shirt it is, whether it's a men's shirt, women's shirt, or v-neck, and then it applies that as metadata in the system so it becomes

searchable and organized on your image content. we're just starting with images today. you can imagine with video content, with audio files, all of the unstructured information that our customers store, we want to be able to apply machine learning and artificial intelligence to help them make more sense of their information and unlock way more value out of the data they have >> how about documents >> yes actually, we already do a bit of the documents. when you upload a document in box, we already make it searchable you can build certain kinds of work flows on this but we also want to be able to extract data from the document and be able to summarize it, be able to help you glean more insights from your documents any kind of data that's stored in box, we want to help you get the most amount of value from that when it's an hour platform versus any other platform out there. box stores over 30 billion files for our customers. so you can imagine all of the information and insights and intelligence that's inside of that content that we can now use ai to help unlock for our customers, to help streamline

business processes, make sure there's any risk that's mitigated in terms of how the content is shared and overall how more people make sense of their data. >> there's this competitor of yours, drop box, but this is the kind of thing i want so what happens if an individual's watching, say, look, this is the holy grail i have 10,000 pictures i want it to be artificial intelligence to know when it's birthday, when it's sports, how can i get it >> this is certainly where our strategy, you know, relates quite closely to our product i would actually say products like google photos, or other products out there are quite good at helping you collect and organize your photo information in the personal world. what we're trying to do is take the same type of technology and value and put it into corporations retailers, life sciences companies, construction firms, insurance companies, all of this unstructured information that they need to be able to manage and secure and collaborate on,

we want to help provide more and more value around that data. we're 100% focused on the enterprise market. we want to bring this technology to the enterprises for the very first time at scale and save them millions and millions of dollars as well as speed up their business processes that's squarely our focus as a company. >> excellent while i've got you, obviously we've got hot buttons in washington you don't stay away from it, you actually tweet about these are you willing to actually see the president's name in a sentence and say that he didn't do the right thing >> absolutely. i think trump, his commentary last weekend was horrible. i think the business community has reacted in concert with that, and recognized that it was a complete travesty of what happened this weekend. and the kind of tone and the rhetoric that's coming out of the administration is quite horrible to see. and i think we really, really need some strong answers, and

some new responses from this administration if this current administration is going to work out. so it's very troubling to see, but i'm at least proud to see so many business leaders stand up for what's right, and for the principles that we think are so important to america, and building great organization sgls but box has important contracts with the federal government. there have been other leaders at times who have crossed the line, including presidents, and said, i'm going to punish outspoken people by hurting their businesses could this be something that hurts box? >> well, you know, first of all, our government contracts are still fairly limited to the overall customer base. we're proud of the work we do for the government, for many agencies that are able to be much more efficient, much more productive because of box in the cloud. in this case, i think the principles override that, where we really need to ensure that our country can be much more unified, that we actually collectively appreciate our culture of diversity, and we

need a president that can stand up for what's right. in this case, i think you've seen it from other ceos, in the country, and ceos of companies much larger than box, be able to take a stand for this. in this case we're just doing what's right and we think other ceos are as well. >> i like to be constructive is there a way out of this you can't walk back things that were said. is there a path to make it so that a young executive who's made a lot of companies -- a lot of companies have a very good technological advancement. is there a way, sir, to be able to be back to where we were a few months ago >> i don't know, jim it is getting harder and harder. unfortunately what you're seeing is the true stripes of this administration and presidency. when you look at the cabinet that he's developed, you know, on one hand, very broad, many strong leaders, in that cabinet, in that administration, but there are also ones that represent very, very different views of where this country

should go. and so it's not a coherent or cohesive cabinet it's got a lot of organizational dysfunction. it represents in some cases disastrous views of where this country should be going. i think it's hard to navigate that situation you can't be in a situation where you're supporting or endorsing certain policy decisions that are economically attractive, at the same time dealing with the social ramifications and cultural ramifications. i think he's put himself in a bind by potentially showing what he truly is about. i'm not sure what the path forward is >> excellent look, aaron, chairman and ceo of box, going on record on that obviously if the administration had any desire to refute what you just said, you know you're always welcome on the show thank you for your 250i78. >> thank you, sir. i think it's a very exciting product. i did ask the question about the tweets because it's out there, part of the public domain. i do think this is the kind of

technology that you know i identify with. coming up, is this private player's weight loss technique the future of the industry or is that bubble about to burst. >> there's a call for patients ocur fysicians for less invasive predesor weight loss. >> jim cramer finds out when "mad money" returns.

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death from asthma problems. symbicort may increase your risk of lung infections, osteoporosis, and some eye problems. you should tell your doctor if you have a heart condition or high blood pressure before taking it. symbicort could mean a day with better breathing. watch out, piggies! (child giggles) symbicort. breathe better starting within 5 minutes. get symbicort free for up to one year. visit saveonsymbicort.com today to learn more. no matter how brutal today was, and man, oh man, was it brutal, retail this quarter we'll have two different narratives there are the companies that amazon can crush and the companies that amazon should admire, or perhaps even fear now, we know who's getting pulverized

the stock of l brands, the company had to slash estimates the weak numbers here are really a casualty of the slowly dying mall victoria's secret is in 1,100 shopping malls bath and body works is in 1,600. you need to be an algamist to be in the malls today and they do not exist. l brands joins dick's sporting goods, macy's, and coach in the loss column dick's and macy's said they need to be very promotional to maintain their market share. the "p" word as we call it is the kiss of death for profits. coach lowered the boom on its close ma jins. if you're like me, applauded the company's acquisition of spade, this one sent a chill down your

spied. retail is not all losers we heard things from target. strategy of going online and offline is paying off. putting up gold standard 32% growth the latter selling apparel and electronics. including much-needed college-based locations. what could be better than outfitting your kid's college room from a nearby target? rather than ordering amazon where you might not even have the correct address, and you certainly can't figure out what works best in the dorm get the stuff and clear out of your kid's way pronto. as those of us who have dropped them off all know we have to do. target is a good solution. that's why target's stock rallied yesterday. then today, along comes the one company that amazon might really need to worry about. walmart. oh, don't look at the stock prices today that didn't tell the story what makes walmart so special? first, the company is committed

to the web in a big way. leveraging the store base to make it easy for the 100 million people who shop there each week to pick up their goods 4,100 distribution centers plunking the footprint of amazon who will only have a tenth of the stores that walmart has. as walmart ceo told me exclusively today, we're taking 140 million transactions a week, combining it with our exploding online business to serve customers in stores and online only the intersection of physical and digital shopping, end quote. walmart's online strategy in the hands of one of the greatest ecommerce minds i know, who is simply identified as the leader of ecommerce i love that it's so integrated it's already part of the family. speaking of family, that's walmart's ace in the hole here the advantage is it's been able to endlily access the capital

markets for all the money it needs. most retailers can't handle the onslaught. however, walmart's mcmillan has the backing of the walton family which wants to win when all the mom and pop stores did across america. the scale, the low prices, courtesy and shear bargaining power versus suppliers there, too, lies the real achilles heel of amazon. the clout walmart still has over the suppliers. they all have websites, too, many of them hosted by amazon web services yet so many suppliers make a pilgrimage to walmart stores to get more shelf space if i'm the cheap technology officer of any supplier, i'm going to get away from online

web services to google web services that way my ceo can go to walmart headquarters and say, we know the score, we aren't trading with the enemy it's one thing to fear amazon, one thing for amazon to fear you. i think walmart could potentially be in that category. amazon's clever. it has alexis in its products. it has prime, although walmart has free delivery, two-day delivery, i should say, with no membership fee as mcmillan noted. and he said people love it and just like walmart, amazon has the great prices but it's six of one, half a dozen of some of these it's a legitimate two-horse race with others bringing up the rear but at least now they're at the track. let's talk to nina in maryland nina >> caller: hello, jim. thank you for taking my call. >> of course. >> caller: all right

you know, i had alibaba in my portfolio, and i love it but what do you think about the future do you think anything might happen with the north korea situation? >> i think -- i'm not sure what will happen with north korea, but i think alibaba is still cheap this quarter i have felt that way ever since we spoke to them at delivering alpha, actually, a year ago. one of my biggest regrets is my travel trust is i didn't pull the trigger right then and buy the stock of alibaba how about myra in arkansas >> caller: wow, i got cramer. >> wow, i got myra. >> caller: my first big fat boo-yah from the natural state. >> thank you. >> caller: thank you tell me what you think about wicks, jim should i stay in should i buy more? splitting price? or maybe run for my life >> you know, i was disappointed in that quarter. i think a lot of people were i didn't think the company had that level of volatility

i think it could rally back. but i have to tell you, i was very surprised and that does concern me all right. it's walmart versus amazon the rest of retail is falling far behind much more "mad money" ahead. when you hear the word balloon, do you think of birthday parties? how about weight loss. a new innovative way to attack the obesity epidemic an all new "lightning round" so stick with cramer tomorrow, kim off the trading day with "squawk on the street." live from post 9 at the nyse. >> there's a universal precept. >> that can unite us weight loss. >> there's an issue i want to get behind. >> it all starts at 9:00 a.m. eastern.

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whenever someone stumps me by calling in about a stock that i don't know, or one i don't know well enough to give an educated opinion on, i always do

my homework and come back for an answer remember, i'm here for you, not for myself i need to answer your questions. let's catch up on some homework. dan in ohio asked me about insy. i told him i needed to do more research before announcing a verdict. sxeskly the company uses a pro pry ter sub lingual spray technology, you spray it under your tongue, a more effective way to take medication than swallow a pill it has two products on the market there's subsis, a sub lingual fentanyl spray the drug most closely associated with the opioid epidemic the spray versus the drug, 48% market share the company's second drug is a generic capsule version of dranabal, a version of thc, which is the active ingredient in marijuana

fentanyl, thc, see a pattern there are therapeutic uses for these compounds. the last one is for treatment in nausea and vomiting. and a liquid of compounds in phase three, a painkiller and a drug that's supposed to help with opioid induced depression the real story is how they've managed to sell so much fentanyl over the last five years, they've over sold $1 billion of this stuff since 2015, the stock has fallen off the cliff, in part because we keep seeing tons of negative headlines how fentanyl causes tons of overdose deaths. you might wonder how much of it ends up in the streets i do there are allegations they may have pushed doctors to prescribe their painkiller to patients who didn't even have cancer. cancer pain is what it's approved for it's the subject of several

investigations over the stuff, earlier this year six of the company's executives were arrested for bribing doctors to prescribe their drug the ceo announced its retirement it sounds like it's out of a movie, doesn't it? even if you do not have a moral compass, or more problem with owning a drug company, this story has got way too much hair on it for me just say no to inses james in virginia called about twou i said i need to do more homework a software company, helps nonprofit colleges, universities dig out a digital presence the platform makes it possible for schools to go to great schools remotely like georgetown school of nursing and health studies

this is a one-top shop for the d digitization of higher education. to content development and state authorization services i think this has the potential to be great. these schools need a lot of help to go digital. the company has not lost a single contract since the beginning of 2014. the company's got impressive revenue growth, up 37% last year most of that is recurring revenue, the kind we love the most thanks to the company's software as a service business model. however, like many early stage cloud plays, they've got negative cash flow they need to spend heavily, and it takes them years to break even the faster they grow, the more it costs in the short term that's one reason the stock sold off a week and a half ago.

i think that's the wrong message. but it's rallied nearly 60% year-to-date, my view is you need to let this one cool off before you do any buying july 31st, louis in texas wanted to know about pattern energy group. pegi it has assets across the u.s. and cab da most of it's wind power, i like that the company's been aggressively growing and expanding into solar power. the thing about pattern energy is it's what's known as a yield company, that exists to produce predictable cash flows from stable long-term contracts, which is why the stock has a huge dividend, currently trades north of 6.9%. another company builds the assets and drops them down to the yieldco. pattern development and pegi has the right of first offer for any

power projects that pattern development builds for a yield, though, pegi has impressive long-term growth targets, looking to nearly double its generating capacity by 2020. i think the target is totally achievab achievable if you're looking for yield and you like the renewable power thesis, i think you could do worse than pattern energy. it's 90% now and down to 80% in years, which means the dividend won't grow as rapidly in the future as it has in the past given how rapidly it pays the payout in the recent years, that could be a problem like every other utility, an aggressive raising of the fed funds rate, investors will swap out of high yielding stocks like this one, and they'll go into bonds. but given that we haven't relatively -- we have relatively low inflation, especially the fed said that yesterday in their notes, i wouldn't be concerned about the bond market competition. if you like pattern energy, you've got my blessing to buy it especially as it goes down

i think it's developing into a nasty sell-off homework complete. "lightning round" is next.

it's time for the "lightning round" and then the lightning round is over are you ready? chuck in california. chuck? >> caller: hey, jim. in this market, i want to know what's going on with juneo therapeutic. >> that's one of the high-risk immunotherapy stocks high risk and high reward. if you can handle that, i bless it ray in california. ray? >> caller: boo-yah, jim, thank you for all your advice. >> thank you. >> caller: haliburton, hold or sell >> i think oil is going to 42. i've been telling that to the club members chris in new jersey. chris? >> caller: boo-yah, jim!

>> boo-yah. >> caller: from south jersey my stock is mmsi buy, sell or hold? >> this is a medical device company that i like. you know i like that group i do think we should be a little more conservative. there's some more traditional ones but that's okay. i like mazer, and intuitive. there's a three-fer. paul in texas, paul? >> caller: boo-yah, jim. bms is my stock. >> bms is coming down. i think people didn't like the quarter. i think it's a very great long-term company. by the way, the symbol bms is often thought of being buy my stock. travis in oklahoma. >> caller: big boo-yah from oklahoma >> we're getting them there all over. >> caller: i'm looking so sell my novartis stock. >> why i don't want to sell novartis. they're doing incredibly well. if only, i'm interested in

buying it. bob in new york. bob? >> caller: hi, jim, this is bob. how are you? >> good. how about you? >> caller: okay. i'm sure there's a boo-yah in there somewhere. >> absolutely. >> caller: i'm interested in land star. i've been looking at it for a long time. >> you know what, i prefer xpo with the stocks coming in here, i think that they're doing a terrific job tim in ohio. tim? >> caller: hey, jim. boo-yah from ohio. kent state university golden flashes. >> there you go. >> caller: i would like your opinion on prudential. >> solid stock i'm going to give you a three-fer. i like job a lot and travelers by the way, hig's moving up really well, too rob in delaware. >> caller: boo-yah from delaware. >> what's going on

>> reporte >> caller: coupa software. >> we like it. the great interview. how about jerry in tah jerry? >> caller: big rocky mountain boo-yah to you, jim! >> now you're talking. what's up? >> caller: we appreciate all the help you give us home gamers do you think i should buy some shares of sirius radio >> i like sirius i think it's fine now. see if it goes under five. i let's go to ed in florida. ed >> caller: how are you doing, jim? >> all right how about you? >> caller: good. good my question is cbi i know it's a darling -- >> you know i haven't liked it for a long time. even though it looks like it's so cheap down here at 9, down almost 70% i'm sorry, i don't have a catalyst to turn the stock around and that, ladies and gentlemen, is the conclusion of the "lightning round"! move stuff, what are you working on?

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let's talk about the obesity epidemic right now, there are more than 2 billion people on earth who are either overweight or outright obese. and we can joke about it, but this is a serious health condition, one that can cause diabetes, heart problems, obviously shortened lives. there are literally zillions of diets out there but people who

just can't seem to lose weight and go for gastric bypass surgery. it's a very severe intervention. it's surgery, after all. nasty side effects however, we're starting to see something really exciting. more and more nonsurgical, something called the ellipse balloon. swallow it like a pill it inflates in your stomach and makes you feel full, which then helps you lose weight. it's already been approved in europe though it's still waiting on the fda approval here in the u.s could this be the future of weight loss? let's take a closer look with the co-founder and chief science officer and find out more about his company and prospect welcome to mad money good to see you, sir have a seat. >> thank you for having me. >> when i heard about this, i thought it was, frankly, too good to be true, given my friends who have actually had the surgery, would have certainly wished not to have had

it if they had this device. >> absolutely. consumers these days are demanding products that not only are safe, but more effective than the traditional diet and exercise plans out there they want stuff that is a great consumer experience. fricktionless is a word that comes to mind. easy, convenient, but not invasive, and something that's affordable, something you can put on a credit card. >> explain this to me. europe has it. why doesn't the fda see how it's going in europe and approve it >> the fda has very high standards for these types of devices. europe has been a favorable continent for medical devices. we're also approved in the middle east. the diabetes and obesity epidemic spiraling out of control there as well. >> do you mind showing us, or holding up to the camera, what exactly, you know -- i guess it's the balloon and then -- >> that's right. >> this is in your stomach

>> that's right. let me set the stage for you first. >> this seems like you could break it >> this is something that you can do in a 15-minute office visit. you can do it on a lunch break the consumer experience is very important to us. the balloon is inside a capsule. you stay in your clothes, no sedation, no anesthesia, no surgery. you swallow the capsule, down it goes into the stomach. we provide a bag of fluid with a cuff around it, pump up the cup, fill the balloon, and now you're left with the balloon inside the stomach. we send you with a scale, an app on your smart phone to track your weight on your weight loss journey. this remains in the stomach for four months and pushes up against the walls, makes you feel full. after a month, it opens and passes through the body. my classmates and i were sitting in the halls of harvard medical school, learning about the obesity epidemic by 2030, half of the world's

population will be overweight or obese. when you look at jenny craig and weight watchers, the weight loss they can deliver is quite low. look at weight loss surgery, very invasive, very costly we recognized very early on that patients were becoming consumers. they wanted something better, more convenient, and fricktionle fricktionless. >> let me ask you this my doctor would say, look, there's no give without a get. if you want to be thin, you've got to be fit, you have to work at it. you can't eat as much. are you telling me i don't have to do any of that? >> no, that's part of the program. this balloon keeps you on a diet it prevents cravings, prevents you from overeating, prevents you from slipping. it allows you to hit a reset button that's what we hear from our patients all the time. >> i have a big lunch. i had a particularly bad lunch today. but let's say you have a big lunch. and you're full. you're not full four hours later. are you telling me that i would have a smaller lunch, feel full, and when i get to dinner, not

that be that hungry? >> that's right. >> don't you have a craving in your head even when your stomach is full? >> some people do. in most people, once this is inside your stomach, it really puts the brakes on your gi tract and on your craving. >> let me approach this another way. we all want to be thin why wouldn't everyone in america try this >> well, that's why we're in business we think that if you create a product like we have, that is safe and effective enough, that has a low threshold for people to give it a shot, that the market potentially is massive. >> it's conceivable that this could solve a great deal of the problems associated with obesity. >> right we've seen improvements in diabetes, high blood pressure, high cholesterol, mental health, the whole spectrum improves when you can lose upwards of 30 pounds. >> why isn't there a giant krout eye for this >> there is. there's a call for less invasive procedures for weight ross

loss. the whole spectrum is in our market. >> i wish you the best success this is really terrific. >> thank you very much. >> a private company co-founder and science officer of allurion. i hope they approve it as fast as possible. stick with cramer. >> thank you [vo] progress is seizing the moment. your summer moment awaits you now that the summer of audi sales event is here. audi will cover your first month's lease payment on select models during the summer of audi sales event.

remember what the great warren buffett always tells us, you want to buy stocks at below the intrinsic value. that's how i want you to view this sell-off. i don't think the sell-off's done but i think if you have some cash, i always say, on a dip, or when it pulls back, that's how you have to look at it if you don't have any cash, you're just going to be paralyzed. right here on "mad money," i'm jim cramer and i'll see you tomorrow!

>> welcome to the shark tank, where entrepreneurs seeking an investment will face these sharks. if they hear a great idea, they'll invest their own money or fight each other for a deal. this is "shark tank." ♪ for the modern outdoor adventurer. hello, sharks. i'm anton. i'm roberto. and i'm ardy. our company is oru kayak, and we're here seeking $500,000 for a 12% equity stake.