and pick yandex for my final trade. >> dollar tree was down a lot. call wasn't great. don't jump in. wait. >> 32? >> buy the heck out of ethereum here. 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 save you some money. my job is not just to entertain but to educate and teach you so call me at 1-800-743-cnbc or tweet me @jimcramer. what can i say i called it. when everybody was freaking out

that the president and therefore the market would resurge and response dow at one point losing nearly 350 points the averages came back with a vengeance. the s&p dipping. the nasdaq gaining .33%. this news allowed us to snatch victory from the jaws of defeat. but not really a surprise. which of these two sessions was real this one, the early obliteration or this one, the fabulous nasdaq rebound? they both got legitimacy it would be easy to focus on what is going right, but that happens. we have to focus on what went

wrong so long as you don't fannpani panic. we can imagine what could go wrong. so what is fueling the bearish argument here. gary cohn is stepping. that alone was to send the market into a tizzy. more important it is presumed that cohn, a mainstream centrist guy will be replaced with someone more radical i believe we need to get tougher with our trading partners, some of them like the chinese are targeting the entire industries here in the u.s. and they are doing it in order to have make work jobs they decimating the aluminum industry in our country and doing a number on steel.

the president decided to draw a line in the sand with these across the board tariffs in part that is because i think we need something like this. and as i predicted last night, the president would make an exception for our closest allies, mexico and canada. you heard it here focus, the guy is not falling stop panicking we used to dominate the aluminum industry, now china makes 50% of the aluminum we make almost none. the chinese department subsidizes aluminum heavily. that is not free trade i understand this issue is all about, well, tradeoffs, the administration wants to stimulate our steel industry, it

doesn't want to stimulate a ruinous trade war. cohn didn't believe it was the risk of that the new team disagrees now neither side has a monopoly on being right in this case, i think the protectionist have a point china is artificial depressing the price of steel to create jobs and that costs our jobs here in the u.s. trying to deter this kind of bad behavior is worth the cost of maybe doing less business with the peoples republic for the moment i bet they play ball to make sure these markets stay open it makes sense when we basked in the afternoon. number two of the bears feud, some people worry that the president won't stop at steel

and aluminum last year when trump ex-core yated the auto industry, ford capitulated. bmw decided to build plants defying the president. that is exactly the kind of thing that would cause or spark a trade war. but i say take a deep breath the president said he would go after bmw and mercedes of eu retaliates this will not be a problem third, there is a tremendous fear that friday's payroll report when the market fell this morning, many people hesitating to buy because they didn't want to get into the stocks ahead of this job number on friday.

which leads to a source of fear. the cost of doing business in this country is rising thanks to tighter labor market as americans and people who work for a living, we want higher wages. that said, holy cow, the decline of dollar tree off an astounding 15%. one session was totally nuts it dragged down every other retailer including target and tjx. ross stores gave you a great quarter. fifth, the wrong stocks are going up the universe of winners got small. you can count them on two hands.

you know what, we get a really narrow market and end up with too many losers and not enough leaders. so people flee from the entire asset class. it makes people fret i felt good that netflix was up 100 trade points and finally went down. the s&p is now 26% tech. i am call that a bit of a red flag then it is possible this market could have more down side. i think the retest argument holding less water than usual, so many companies are doing so well i could make a case that we have been experiencing a garden variety sell off which means we don't need to fear another 800 to 900 down side we wouldn't have been able to

downs today on the car value but if we do get an employment number that is too hot suggesting the federal reserve needs to tighten more aggressively, then the whole thing could become self-fulfilling. if that happens we lose the housing stock and the auto stocks red hot tech stocks are not enough to make up the damage even they we got a nice relief, you can't just decide nothing to worry about. bottom line, today we got saved by the tariff carve out of mexico and canada. we need to be mindful that we are operating in a treacherous new landscape. and today's sellers might not be

finished or seatated >> caller: thanks for taking my call i am wonder if i might be calling about your favorite new jersey home state companies. earnings projections are strong. spinning off two divisions is it going it remain a leader in aerospace and home control systems. i would like you to tell us all about honeywell. >> 170 seems not only good but i would say even too cherry. this thing could go to 185 he is doing a dynamite job and making a lot of big decisions to break up some of dave cody's company. i think you have a winner in hon. gary in utah. >> caller: i am looking to add an oil and gas company to my

portfolio, i narrowed it down to royal dutch shell and valero. >> i would take world dutch. but i am no fan of fossil fuel a new age of portfolio managers are coming in and they don't like what they see mo in my daughter's home state of oregon. >> caller: whoa. got a deep snowplowing booyah for you. 18% i would say monthly on the revenue. and i am looking at 26% profit growth want to set something about long-term growth. >> which one was it?

mathc group. >> what a horse. you have a winner in that one. i confused it. now we are getting to moin oregon my bad >> caller: how is it going >> i got you confused. >> caller: i am calling about jd.com. >> i am recommending alibaba hot as a pistol. i would be recommending ten cent but it doesn't trade here. we got to get them back on the show up huge yesterday. this decline made sense. may be part of the new landscape. we got the carve out for mexico

and canada and boom, off the races. so "mad money" tonight polaris was off roaded but the company is making its way higher going to sit down with the ceo with gary cohn out with the white house, there are plenty of unknowns in this tape. i know you have questions. so we are going to have, when we have wild days we open the phone line to hear from you, the voice of cram america. nordstrom's attempt to run to private ownership has taken some terms. i am breaking it all down. so stick with cramer >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer, #madtweets 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. your brain changes as you get older. but prevagen helps your brain with an ingredient originally discovered... in jellyfish. in clinical trials, prevagen has been shown to improve short-term memory. prevagen. the name to remember.

while nothing comparesating modeto the real thing.d... experience the command performance sales event for yourself, now through april 2. experience amazing at your lexus dealer. i thwell wait. what did you meetthink about her? it's definitely a new idea, but there's no business track record. well, have you seen her work? no. is it good? good? at cognizant, we're helping today's leading banks make better lending decisions with new sources of data- so, multiply that by her followers, speaking engagements, work experience... credit history. that more accurately assess a business' chances of success. this is a good investment. she's a good investment. get ready, because we're helping leading companies see it- and see it through-with digital.

march blizzard right now here is the stock that can be a wow trader after spending a couple of years lost in the wilderness, it caught fire. the stock put on another ten bucks in january polaris had the misfortunate in response to stock plunge, didn't out until it hit 102 about a month ago. you got to wonder, can the stock keep rebounding? let's take a closer look with

scott wine mr. wine, welcome back to "mad money." >> glad to be back with you. >> you are the man of the hour tariffs against harley-davidson, a snowstorm that could help the quarter tremendously you have so much happening, what are you in control of and what can't you control? >> we design our vehicles to deal with adversity. none of these things we can't overcome a one% increase, $3 million we can handle we built a team and a company that can handle a lot of diversity. >> they are targeting harley and not you. >> they are suggesting they are

going to be targeting harley we do not want a trade war our indian business is growing tremendously here in north america and in europe. the one thing we have seen from this administration is a pro growth, pro jobs agenda and over time they are going to get back with those things as well. >> pro growth, pro jobs and tremendous compensation. >> i had to laugh a little bit with the tax policy change which we applaud from a corporate perspective. we had a profit-sharing day, and we gave out over $90 million of bonus checks and esop to our employees last friday. they win if you win. >> they are owners in the company. and provide the best advice to run the company better. >> they can't run the weather. and you said you had an

unexpected and disappointing quarter. but really, it was because of the weather. >> the weather wasn't helpful, but we don't like to make excuses. we like days like today here in the northeast. we just, i was in orlando earlier with our snow team and all of our snow dealers and launched the most advanced two stroke engine technology what we found is that innovation sells in this industry we will spend $260 million we play against the well healed very strong players. we understand what the customers want and we build that into our products indian has grown from nothing and we think we got a long, long way to go.

>> your demographics for indian is different from harleys. >> it is a little different. we invested in the scout business and invested in scott track racing i am one of the older guys there, so it is helping us pull in a younger demographic our design team, our price point is good. >> oil and gas and ag. >> oil come down off their highs. when fracking was going at its best, almost the perfect polaris customer, young men bought a lot of machines. they become more efficient in how they frack, don't need as much labor and those markets are stabilizing and that is good. >> how come you are not grousing about that steel they were complaining, they were just saying, come on, man, this is hurting our business. why aren't you saying that >> i believe that ultimately

should be fair trying to get that in balance is helpful. we like our chances to compete we want a fair trade environment and ultimately, that is what we will speak for >> you are a navy guy, and what i am hearing from you is what i hear from a lot of people who have been in the service which is like, hey, listen, we have to deal with adversity and we are going to deal with the hand we have been given and we are not complainers >> we will lobby that get things that work in our favor, we have a remarkable team at all levels. 11,000 employees and owners of the company. we don't like all the adversity that comes our way, but we like our challenge. >> the u.s. consumers is strong. >> tax policy was helpful for

the consumer regulatory relief is helpful we are encouraged by what the year could bring. >> excellent you have triumph over a lot of diversity and your stock has been the cheapest it has in a long time. scott wine chairman and ceo of polaris. cii. stick with cramer. thank you. ♪ imagine if the things you bought every day... earned you miles to get to the places you really want to go. with the united mileageplus explorer card, you'll get a free checked bag.

two united club passes. priority boarding. and earn fifty thousand bonus miles after you spend three thousand dollars on purchases in the first three months from account opening plus, zero-dollar intro annual fee for the first year, then ninety-five dollars. learn more at theexplorercard.com your insurance on time. tap one little bumper, and up go your rates. what good is having insurance if you get punished for using it? news flash: nobody's perfect. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. switch and you could save $782 on home and auto insurance. call for a free quote today. liberty stands with you™ liberty mutual insurance. hey, what are you guys doing here? we've been helping you prepare and invest for retirement since day one. why would we leave now? because i'm retired now. so? we're voya.

we stay with you to and through retirement... with solutions to help provide income throughout. so you'll still be here to help me make smart choices? well, with your finances that is. we had nothing to do with that, uh, tie. or the suit. or the shirt. voya. helping you to and through retirement. news flash, the sky is not falling. we got quite a lot of snow falling outside though when it comes to the market we need to take a deep breath and revau reeval reeval reevaluate the situation we are going to take calls from

cramerica tonight to work through this together. i want to hear your thoughts, questions and concerns and instead of panicking, you will be able to use the market's latest actions as an opportunity. why not we start with dee in california. >> caller: hi, jimmy >> what's happening? >> caller: i am so happy to talk to you and i talk about you all the time my boyfriend wants to know who is this jimmy guy. >> hey, what can i say okay >> caller: okay. so when your show comes, everything stops in my house. >> yes >> caller: tv comes on and i sit down with paper and pencil in hand >> well, stop for a second that is how i want people to do it it is a learning show and you are doing it right so let's go to work, dee.

>> caller: thanks. so i thank you for your information and your advice. i have done well in the market and made money i was able to retire and i have no pension. >> that is fantastic >> caller: it is fantastic however, the friendly beast of january has turned into a beast beast and i am afraid the market will drop 40% or 50%. >> dee, we know there is no systemic civ systemic risk this time. that kind of talk has to be talked up by concern that makes me feel can happen is there something in particular that makes you feel it could fall that much >> caller: i guess, just insecurity because all of my

future is in the stock market. i am diversified but i get scared and think i should just sell off. >> so here is what you do. you split the difference in those situations take off between 10% to 20%, and put it in cash and then you will be ready. that will work follow my instructions less in virginia. >> caller: since ge has new leadership and look like they are starting to turn things around do you think that stock is a buy at the present time and taking into the situation the possibility of steel tariffs being added? >> i need to see a couple of long-term quarters feel better about pensions and if i see all of these things, then i might come around steve in california.

>> caller: jim >> yes >> caller: booyah, from redondo beach. >> what's up >> caller: we renamed our dogs amazon prime and boeing. you know that symbol that you have over your sound board, i have never seen you use it what is that for and are you going to use that thing? >> i used to use it to actually to talk about the peoples republic of china. i have moved on. but i kept it here because i like the view of it and maybe i will do the gong show when it comes to bad stock so let's go to work. >> caller: i am going to give you perspective. i am 32-years old. retirement money, not touching this money. >> glad you told me. >> caller: we want to pick the

stocks that are going to beat the s&p 500 and i have done that with all of the stocks you told me to pick. >> they tell you you can't they want to put you in the shackles, never picking a stock because you are not allowed to because we are too stupid. i am not buying that let's work together. >> caller: that's right. now given this perspective of where i am at, i own blackstone and that is the one stock that has not outperformed the s&p even with dividends. little bit below and given my 30 year outlook, should i rotate my money from blackstone into jpmorgan chase. >> wow i am going to have to say yes. i was doing a round table today with jeff marks at the street. people should listen to him. we both feel that jpmorgan, we

broke our discipline and advised members in the actual owners plus.com club, i got to tell you, steve is a winner and then we have paul in nevada. >> caller: booyah, from reno, nevada shout out to your team, real money pro. >> thank you so much terrific product. >> caller: when i call about tlt it has been a favorite of mine with the large market swings, i think we need products like this tlt with the increase in interest rates recently, some

are short and some are wrong. >> a couple of etfs that i don't regard them as etfs, i regard them as stocks that play bonds and play gold. you are hedging correctly. i used to think before they had these that what you had to do is you had to be short bonds or be long bonds, and i think this is the way for the average person to be in you are making the right move. let's go to scott in the state where the philadelphia eagles won the super bowl scott in minnesota. >> caller: hey, jim, thanks for everything you do. my question is which utilities do you think are best positioned to capitalize on the growing trend in electric vehicles >> let's see would have been nrg at one point. not that happy with its

management electric vehicle, not anybody in particular because i do not want the californian, con ned doesn't really fit the bill. i like to teach own the best of breed and the best of breed are conned or dominion no panicking in creamerica. my ode to gary cohn. i will tell you what his exit really means for this market and then the "lightning round. so stick with cramer

but i'm not standing still... and with godaddy, i've made my ideas real. ♪ ♪ i made my own way, now it's time to make yours. ♪ ♪ everything is working, working, just like it should ♪

. >> everyone freaks out about trade policy and disturbing turnover in the white house. you may be missing great stories that are getting a lot of attention. consider the case of nordstrom the swanky department store chain i like so much tonight i want to catch you up on what has been happening here. at the end of the day the stock market is a market of individual stocks that represent pieces of individual companies sooner or later the specifics of those companies are going to matter more. gary cohn's resignation is a

problem, i said that so what exactly do you have going on here with nordstrom on thursday night the company reported that is not how things played out. instead the stock quickly reversed rallying only $five or nearly 11% of lows you got to stand up and pay attention. let me give you the reason for the are you surresurgence they couldn't arrange the financing so the deal fell through. consumer really spending, the nordstrom family, they are trying to give it another shot on monday afternoon, we learned

that the nordstrom board received and rejected a what i callindicative proposal from the nordstrom family for $50 a share, come on, that is a low ball offer. you know what i am still regarding it as a game changer how exactly should you play this situation? spoil alert, we own nordstrom in my travel trust. it is no secret that i like the stock and by the way, the company. the darn thing oechnly gets mor attractive as it gets lower. first up, let me set the stage i keep talking about this turn around in retail despite the industry reaction to the quarter, nordstrom is experiencing a turn. when the company reported the numbers were mixed weaker than expected earnings, but revenue came in high and i care about six

grow 2.6 a lot of hype in the stock because people felt it was going to announce something. nordstrom retail gross margins took a hit related to the expansion of its discount concept nordstrom rack. i say, you know what, it is to be expected. also got some year end promotions manager said it should improve full price rather than lower compared to so many other chains, i have to admit it wasn't a perfect quarter bit of a let down. manager believes they could get a handle in the situation. the family is the one that is trying to take the company

private. at first the stock got crushed to not so hot numbers. plus it didn't help the day before the new york post ran a story. that piece added to the negative backdrop i think it made investors look at the quarter in a harsher light. not just the mixed result. come on, destroy the anticipated earnings, that is backyard many people in wall street don't believe nordstrom would ever become more profitable more quickly. bob lang one of our technicians pointed out for last time off the chart segment, when nordstrom got hit on friday, the big institutional buyers stepped in and bought this thing aggressively

beyond the fact that the family want to take it private, what do these money managers like about the product? launching a store in new york. and in canada, let me tell you the men store in manhattan opens. all of that is going to matter these are needle movers and the online business has caught fire. put it all together and it doesn't take a rocket science to realize these are going to pay off in a big way nordstrom has been spending a fortune to build out all of these initiatives and now they can afford to cut back on that spending a big enough to say here the business might be inflecting

capitalist ventures have come in at 5% of total sales for the next five years, management sees it coming in at 4% of sales. that will give the earnings a serious boost. nordstrom can generate more profits here consider what jpmorgan boss had to say he is the ax in retail understands the sector better than anybody else. he raised his price target on nordstrom. they raised the investment that's why i continue to like this stock i support it and tell club members to buy it. the potential for a leverage buyout or flat out take-over is the cherry on top.

trouble getting financing as my squawk on the street colleague pointed out this morning retailers that have gone private are struggling and there may not be an appetite in the bond markets for bpaying out in highr levels beautiful floor of $50 and that is where the family can take it private and if it goes too low, i think the board will accept the bid. the news of their bid means they are getting amazing risk reward. plus with this incredible growth company, now trading at, well, you know, it was once more of a growth company than it is now, but rack is a growth company, trading at 15 times the earnings bottom line, the way nordstrom bottomed on friday after a not so hot quarter, i am calling it incredibly bullish when a stock goes up on bad

news, it has something to go for it i think it is pretty darn compelling for your portfolio right here at $51. "mad money" is back after the break.

>> announcer: lightning round is sponsored by td ameritrade it is time it is time for the lightning round on cramer's "mad money." we'll play this sound -- [ buzzer ] -- and then the lightning round is over. are you ready, skee-daddy? it's time for the lightning round on cramer's "mad money." i want to start with john in texas. >> caller: hey, oh, how you doing. i appreciate your show i have question about royal caribbean. >> i like it i like carnival cruise i gave you a twofer. >> joe in new york. >> caller: i have a position in microsoft. >> i think you are right

i think that stock goes to 100 telling members of the club that microsoft is one of my favorite stocks craig in pennsylvania. >> caller: hey, cnx, i bought it on a dip in february. >> that thing is a horse i would take half off the table. i think it is ahead of itself and let the other half run paul in new york. >> caller: booyah. i was wondering if you can give me your thoughts. >> shopify and etcy.

fred in north dakota. >> caller: love the show couple of years from retirement. looking to moving. what are your thoughts on energy transfer. >> i don't like it i don't care for the group the partnerships have had their day in the sun alissa in new york >> caller: thanks for taking my call i know utility stocks are sensitive to the interest rate changes which we are probably going to be seeing this month. i heard you talk about this stock a few weeks ago and how are you feeling about ngg national grid now. >> i don't feel great because i keep paying them a fortunate may i suggest you go with dominion energy. 4.5% yield utilities are in a pile of pain.

why? because people are going to sell again. let's go to lou in new york. >> caller: looking long-term ten-year plus, is it now a good time to start a position in ventas >> i think they are doing a remarkable job i say be careful not yet. and that, ladies and gentleman, concludes the "lightning round"" >> announcer: lightning round is >> announcer: lightning round is sponsored by td ameritrade >>check this out. td ameritrade aggregates thousands of earnings estimates into a single data point. that way you can keep your eyes on the big picture. >>huh. feel better? >>much better. yeah, wow, you really did a number on this thing. >>sorry about that. that's alright. i got a box of 'em. thousands of opinions. one estimate.

the earnings tool from td ameritrade.

did the market really deserve to get smacked around hard this morning? up more than 300 points for the dow at the lows came bouncing back just because one guy. does the resignation of gary cohn really matter that much does it mean that much you better believe it does for months i have been saying the possibility of cohn stepping down was one of my biggest fears for stock and it turns out i was right to be worried even though we bounced back in the afternoon. let me do an ode to gary cohn who i am proud to call friend. cohn was your portfolio's best friend in a white house that can seem

chaotic to put it diplomatically, cohn was like the rock of gibraltar. you always knew what he stood for and where he was coming from he was steady. i was thrilled when i got to interview him because he laid out the straight case but he wasn't on script he listened and answered questions thoughtfully rather than regurgitating talking points and wasn't scared of anybody. that is rare in a public servant. he was a vocal critic of how the president handled the horrible events in charlottesville. which brings us to right now, cohn has strong believes about the value of free trade. now i have seen a lot of people

in the media criticizing him over this. i got to tell you, i think that is deeply unfair for starters, cohn is a democrat and i am sure this administration has done tons of things that he disagrees with. he wanted to be in the inside where he can influence things for the better he is the economic adviser, if he is going to resign or risk being fired it should be over an economic issue gary cohn is a dedicated public servant. when you work at sachs, that is something they train you whether you love trump or you hate him, i think it is fair to say that working in the white house is the definition of trying circumstances cohn carried water for the

president's tax reform agenda in a spectacular way. so far it seems to be going great for the economy. cohn made the tax cuts happen. yet he never sought even an ounce of credit. he always says it is the president. total team player and he got the job done rare public figure who wasn't in for the fame, glory, or money or power. he took the position because he thought it was the right thing to do after lifetime of working at goldman sure, i wanted him to stick around i wanted him around for his guidance and common sense the next time we got hit with some unforeseen global crisis even if you think cohn was misguided or mistaken, everything he did, he did for the right reasons. and at least from my perspective, he did a lot of good in his time i hope you will join me in thanking him for his service and

wishing him well in whatever he does next. i've gotta say, i love the new place. oh thanks. yeah, i took your advice and had geico help with renters insurance- it was really easy. easy. that'd be nice. phone: for help with chairs, say "chair." phone: for help with bookcases, say "bookcase." bookcase. i thought this was the dresser? isn't that the bed? phone: i'm sorry, i didn't understand. phone: for help with chairs, say "chair." does this mean we're not going out? book-case. see how easy renters insurance can be at geico.com.

what a quarter but facebook led the market. that's been a while. been a real dog. maybe it is getting its mo-jo back i like to say there's always a bull market somewhere. i promise to try to find it just for you right here on "mad money. i'm jim cramer, and i will see

i'm jim cramer, and i will see you tomorrow >> welcome to the shark tank, where entrepreneurs seeking an investment wil se sharks. if they hear a great idea, they'll invest their own money or fight each other for a deal. this is "shark tank." ♪ my name is jackie courtney, and i live in brooklyn, new york. when i got married a year ago, i had a hard time finding a dress that i loved and that i could afford. i, like most brides, want that dream dress that i've seen in magazines. those dresses, however, cost upwards of $10,000, which is a price, in today's economy, that most girls can't afford. my business, nearly newlywed,