brazil, gid yup. >> tim. >> halliburton keeps it going, staying in energy. >> bk. >> miners not bitcoin kind. >> check out amd decoupling from yp. >> i'm melissa lee thanks from . >> i'm melissa lee see you back here tomorrow night on fast. "mad money" starts 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 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. every day this market finds a new way to be ludicrous including this wild session where the dow only gained 52 points

s&p advanced .32% and the nasdaq gained .64%. today's craziness besides the fact that the market opened down big before weakness in europe before rallying hard when sellers dried up -- here's what they went nuts for fixer uppers you know what they also did? they punished consistent companies that are actually well run. what do i mean when i say this that the i abouters went nuts. three formerly challenged companies reported today and their stocks were rewarded with the kinds of gains that we normally see only with takeovers. tiffany's, the stock soared 23%. raul of lauren stock added 14%. lowe's jumped 10% meanwhile, consistent companies like costco and home depot, both far superior in terms of execution saw their stocks

decline. why? i think it's because investors needed to raise money from the steady superior growers to buy the fixer uppers consider it. many a clever hedge fund was long home depot and short low's going into this morning assuming the company would disappoint yet again. lowe's has a new ceo coming in, from jcpenney, and before that home depot where he learned what it takes to improve home goods execution even though he didn't do it at jcpenney. it's apparel and make up and the guy is a hardware type of guy and bill ackman bade a billion dollar bet on lowe's here's the thing lowe's actually missed the numbers. after today's action home depot is a better buy. low's is now in l.a. l.a. land as investors are tired of hum drum companies with amazing performance. they would rather take their chances with the riskier

situations tiffanys and ralph lauren are more justifiable runs. they made strides in improving execution in a lightning period of time. tiffany's brought in the former ceo of diesel and bull gar e that's a store i always try to rush by when i'm shopping with my wife as you their prices are higher than any chain in the mall he transformed what was once the stodgiest retailer around into a growth power house 7% same store sales. street was looking for 2.6 shockingly better reports. the numbers only tell a fraction of the story it had been ages since tiffany's

changed their product line up. they introduced paper flowers. the ceo told us there has been a refresh. one look at the website, go there right now and you will see what i mean. tells you all you need to do go to the search port, type in paper flowers and ask yourself, is thattive. >> before the ceo tiffany had a pathetic on line business. that's changed there are new slogans, like believe in love, which they cite as one of the reasons for the double digit growth in enga engagement rings stock deserves to roar today, although 23% seems a little bit in excess but the ceo is the real deal. the new ceo of ralph lauren posted a 7% earnings increase

same store increased 1% while they were looking for a 2.3% declin decline. he took over and wanted to elevate the brand, improve quality of sales, distribution of product, evolve product marketing and the shopping experience and expand the digital international presence whale driving productivity he wanted to improve the execution. that's what the brand needed ralph lauren's style and taste are impeccable but the place wasn't well run. they shut down a account of the stores and points of distributions. brilliant. before the merchandise was too i had withly available and diluted the brand. they got a better esthetic and better performance he created excitement where there wasn't any

snow beach literally sold out within hours digital has been a key growth point for the chain. 25% growth in mainland china finally he is speeding up the market in mainland designs that will put ralph lauren on par with fashion forward european retailers that's a faster turnaround time, huge in that business. the problem here was never the style of clothing. it was always the execution. something this new ceo is finally improve, hence the stock is up 14%. that stayed, it's tough to watch the consistent company stocks languish what hurts are the failed turnaround stories or at least the ones that got clobbered today. target down 5% the company wants to grow its on line business faster expanding on line cost money wall street hates spending

i think the fixer upper would have legs. williams sonoma, so could have been a disappointment reported better than expected earnings and stock is soaring after hours. general electric's ceo seemed to indicate that the turn at ge is not yet at hand. nobody said it was going to be a quick fix. did we think the company would be further along with this yes. when he took over last measure is he had no idea how bad things were the previous ceo put a good face on a very bad situation. i'll being diplomatic. today's action tells me you need to keep your eyes open for change boy oh, boy has it ever been rewarded to put it another way instead of being blown away by the tiffany designs i should have been blown away by how the stock didn't keep up. if you didn't know better, you

would think that tiffany got a takeover bid no. just a better than expected quarter. rich in pennsylvania >> caller: jimmy, jimmy, how are you doing? >> i'm doing real good how about you? >> caller: fantastic i value your opinion on a protolab 3d printing. symbol prlb. >> listen, we do 3d printing around here, we do one hinge, hp, and we never deviate from that we like the pros let's go to kathy in indiana kathy. >> caller: hey cramer. you are currently coaching three generation of my family with our portfolios and your enthusiasm keeps my kids engaged. and i love that. >> thank you >> caller: i was at work the other day cramer and i got a text from my son who is a sophomore in high school it reads, act vision is

launching a new game, it's going on the huge. i replied, think i should buy the stock again? he came back with, they are adding a game mode like for the knight but it's not free it's call of duty black ops four, look into it we are club members. both my sons knew why we bought the stock and why we sold it is this new game along with the partnership i read about today enough for us to fire up a new position >> this is a great question. she is talking about being owners of the action owners plus.com club. i think the answer is yes. we were concerned about to the knight but as we were told yesterday from take two, fortnite did not wreck the game and expanded the business. act victim of blizzard is a winner we said that in a note just today to club members. keep your eyes open to changes in solid companies, people, their stocks do catch on and

catch up "mad money" tonight. plenty of feelings when it comes to president trump's policy on trade. tonight i'm taking the emotions out in the equation and want to go up the charts and check your bags, i'm sailing down with the ceo of carnival corporation. paypal, visa, mastercard, big names in the payment place but there is an unsung that is up 377% in five years it's not done. do you want to know the stock? thought so that's why you have to stick with cramer! didn't miss a second of "mad money" follow @jimcramer on twitter. have a question? tweet cramer #madtweets send us an e-mail at madmoney@cnbc.com or give us a call 1-800-743-cnbc miss something go to cnbc.com

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and we are making accommodations for zte the smart phone maker. today the president says there is no deal for zte and the negotiations are quote too hard to get done the way they are currently doing imt when the news is bad we go higher and when it's good we go lower. the president's trade policy is probably the singest most important issue facing the market but i don't think we are good at processing this information not this year. every time we hear something positive we become ebuhlient emotional decisions ten to be bad decisions. when you listen to your emotions youpanic near the bottom and g all out near the.to. we need to do everything we can to check our emotions at the door that's why every week we like to play off the charts. sometimes the charts mislead you about a good technician can give you valuable empirical touch

zones. we will go to mark chenkin if you recognize the name it's because he invented some of the most important tools in tactical analysis, the accumulation distribution clean, the volume indicator, oscillator and money flow these have become important tools of the trade they were all created by one guy. he must have a is he good track record three weeks ago he recommended three stocks based on his formula for identifying winners. marathon pete, eog resources and general electric since then mayor death is up, eog has rallied, if you waited for a pullback down to 110 the stock gave you that opening just three days later, you would be up nearly 10% from those levels. ge is the only one tlas currently underperforming. it was up 9% yesterday and gave back nearly all of its gains today after the ceo gave a

poorly received presentation really poorly. he told us that earnings from ge's power division would remain stagnant this year but their turbine gas ghiss would remain flat. no surprise. after being asked about the dividend he gave a wishy-washy answer if you took profits on ge yesterday you had a phenomenal trade. he uses three indicators to determine when something should be boughten. look at marathon pete. i like that name this is the money three, the cmf. it measures the buying and selling pressure it tells you whether they are big buyers are accumulating or dump then there is the level of strength index that tells you how a stock has been performing compared to the s&p 500. it's relative over the past six months at the bottom there is a power

gauge, a propride tool which takes fundamental and technical inputs and puts them into a reading of red or green. has changed changed, based on this chart he recommends holding on to marathon but he wouldn't buy at these levels. when you look at the i don't have bought and oversold index you can see the stock has become overbought of the meaning it has come up very far very fast good if you owned it not good for buying now. if you don't own any, he says wait for a pullback. too overbought the same goes for eog resources one of the best oil companies in america. it has been pulling back but he wants to see more of a dip as for general election kick -- just so you know, it's overbought ge is different. he thinks -- on the temporary to everything i heard today he thinks you are getting the

pullback you want the see. rather than freaking out about this decline or waiting for the ceo to say something negative tomorrow morning he thinks you should do some big what else does he like here? i know, buying all right. everybody hates ge that's an interesting take now, this is a new one for us. it's akamide technologies. remember, they help other companies the smoothly and securely accumulate content over the web. they are the king of video play but they are expanding into new airs including ut cloud security elliot management, the hedge pund run by paul singer took a stake in the company last december but for chinken it's about the three indicators, the chinkin money flow it moved into positive territory in recent weeks meaning there is institutional buying

the relative strength, has been looking good for months. relative strength versus the spi. and the clinken power gauge. plashing bright green. however it's overought he wants to wait for a pullback between 72 and 74. my view, i like it we recommended it at 73 in mid march. but i believe in elliot management's ability to take this business to the next level. chinkin's methods also tells us when something shoub sold. walmart. they reported a top and bottom line last week i like the beat very much. the stock gets slammed at this point the money flow that spent months in negative territory. very bad it creeped up a bit since the quarter. flat here. the relative strength is very

negative the stock is getting pounded the power gauge, the mick of 20 different factors is in the red. bearish. sell my view, i like walmart long term but he may be right about the short-term he dislikes that the company is spending so much money to grow its business including the addition of flip cart. i think these bets are going to pay off but it could take time wait until something good happens. and you have to worry about the trade wars with china. so much of what they sell is made in china and would have to go up in price bottom line, suggests you buy ackerman and sell walmart. i think you need to take his advice seriously, especially on the stock of akamai. let's go to rob in north carolina >> caller: booyah from north carolina. >> booyah. >> caller: chanks for helping

the average investor my stock is auto dom slight earnings increase and same store sales but my stock got crushed. based on your show last night i think it is a broken stock they are suffering from the cold quarter. i think it could cause an up tick in broken parts adding to deferred repairs, better weather. what's your opinion. >> what was the stock? >> auto zone. >> i was on that conference call i am in agreement with you come on, the weather was bad it was ridiculous it was held to account. they did talk about having to atheir employees more, the auto zoners i think that was overly punished i'm with you and by the way, aap is not as good as azo. let's say it shaw in new jersey, shaw. >> caller: jim, thank you for having me on the show.

>> of course. >> caller: i own wti at very low levels as you may know the stock has had an amazing run over the last two years. >> yeah. >> caller: i mean this company has so many global events to consider, such as iran, venezuela and other countries who put a lid on their oil output and all of a sudden opec came out recently and said that they are going to ramp up production to compensate for these countries. and then you have vacation season coming. >> right. >> caller: with high demand for gas and so on and so on. so, jim, i'm conflicted as to whether should sell and take a profit. >> what's your basis, shaw what did you pay for it? here's what i would advise shaw, i did not get to speak to him directly, what he should do is take his basis out and then he is playing with the house money. why do i say that? this stock is up 133%. i can't tell him not to take

anything off the table that would be reckless and irresponsible for me even if i like the situation including better oil companies including eog. today's chart master has a proven track record. when he says buy and sell, we take his advice. much more ahead, including my interview with the ceo of carnival toll brothers lost value and homebuilders are rough here. and the financial technology space has revolutionized how the world drops coin as the space becomes more crowded i'm sitting down with global payments to see if it can pay it forward stick with cramer.

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freak out about the cruise lines. as fuel is one of their largest costs and there is still concern about the overcapacity in the industry, too. you know what, there is so much more to these stories. take carnival corporation, cco the world's largest cruise line. under the leadership of arnold darnell carnival has undergone a remarkable turnaround having to do with execution and awareness. these issues are deeper and more positive than concerns involving fuel and overcapacity. we checked in with arnold darnell on one of his ships, the horizon. take look. it has been almost five years. how has the industry changed how have you changed this company? >> first of all i want to welcome you aboard the beautiful carnival horizon. >> thank you. >> we have an acknowledge men for "mad money" on the screen. >> can't beat that. >> you absolutely deserve it thank you for being onrd bo. this is our newest ship in the

carnival fleet we are excited about her and the naming is occurring later on today five years, it's been five years. it seems like only one to be honest, but it's been a fantastic five years the industry has changed a little bit we have gone from languishing in the stock market as you know, and languishing in performance as an industry to outperforming as an industry we think we have had a lot to do with that here at the carnival corporation. we have more than doubled earnings, more than doubled our return on investment capital and share price in the last five years. >> i'm glad you brought it up. this is a chance for our viewers to get in. i have always waited for a 3% yield. this is the best value i have ever seen. and they are misperceptions. let's check them off people feel that the rates haven't stayed the safe. they have been going down. totally wrong, right >> no. our yields are going up. they have been going up every year they are going up again this year as we have shared in our

last quarterly earnings report rates yields are good because we have created more demand than there is capacity. that's what our job is and because we exceed our guest's expectations whether it is on carnival or any of our other nine world leading cruiselines. >> the demand that you created, people don't understand. when i first met you you said you were going to do original tv programming. said wow good luck aboutw that. how is that working. >> it's working great. we have five tv programs we produce in the u.s., two in the uk and some in italy as well the five shows on several networks and cable and weave our own digital network, oceanview, which people can download and we have additional digital streaming -- viewing opportunities for folks on there. >> people are caught up on wall street about the idea that there is some of your compadres have taking on and added too many ships. you said famously a cruise is

not a cruise is not a cruise explain that. >> you are on the carnival horizon. shaquille oh, kneel is our cfo, our chief fun officer. this is a fun brand. sea barn, our ultraluxury cruiseline that one is different. everybody there wants to be pampered they want adventures but it is a different kind of an experience. each brand very different. all the other lines that we don't own are also different there are lots of differentiation across the various brands. >> the share price is something that you obviously must think is very cheap you have been a gigantic buyer of your own shares right here. >> yeah. we have been able to return through dividends several billions of dollars over the last five years and then of course through a stock buyback we bought back over $3 billion worth of our own shares. we will continue to do it on an opportunistic base sthis on the conference call a lot of talk

about eastern caribbean not doing up to the expectations but that's not really what drives your business. it is a small part of it. >> we go to 700 ports around the recalled would even in the caribbean, while people are seeing eastern caribbean is not meeting exam e expectations, the eastern caribbean moirns are up over the past year. of course we go to the western caribbean and the southern caribbean and antarctica, and alaska and the baltimorics when you think of all the disperse areas of the world you can visit we have 105 ships, thousands itineraries. any one market is a small piece but the eastern caribbean is actually doing better than it did last year. >> when we last talked china was an idea. china is much more than an idea now, right. >> it's in the five year plan.

if cruising is in their five year plan or anything is in their five year plans they are going to make it happen. we want to be a part of it we partnered with csicc. as well as the sovereign sea and to be the first to build a ship in a china shipyard. we have a number of ships home ported there it's doing well. it is a challenging market, but it's embryonic we are teeny tiny in terms of accessing the total number of travelers from china. >> one bear tells me anybody who is going to want to take a cruise has taken one i think it's underpenetrated >> every market in the world is unpenetrated including the united states. all the cabins in the world add up to less than 2% of the world hotel rooms. less than 2% our competition is land based vacations not other cruise lines. because we are chasing the other

98% not the 1% that we don't have of the 2% penetration. >> my daughter takes a cruise? why? instagram. millennials. they love the backdrop not that backdrop but isn't it something? >> millennials, boomers, jen xors all love cruising millennials overindex on cruising because they are more internsed in experience than they are on things and cruising is about experience and the human spirit. >> let's deal with the numbers strong pricing lower costs. >> yeah. >> and big on board spending. >> on board spending of course people say what else can you sell people? >> he don't want to sell anybody anything what we want to do is understand what they want they are on vacation if you give them what they want, they will buy it our challenge is just to understand what people really want and make it available to them so we just make thing available. on board spending in the 45-year history of this company, on board spending has increased every year except one.

no matter what the economy was, what else was going on, on board spending has increased and it will continue to increase in the future. >> some of that is because you have embraced technology i know that you actually addressed the consumer electronics show. >> yeah. >> and you have a medalian system that kind of anticipates what you want. >> yes, we were fortunate to have to give keynote at a consumer electronics show a year ago. we did that on our ocean's platform it features a medalian that you carry in your pocket it's like a license plate. it identifies you and makes your experience customized for you. you go up to a bar, the bartender knows your name, what drink you have, you order a drink. you are in alaska, someone sees a whale off the bowe of the ship, you go out to see the whale and the i think drink will come to you. it is a customized

personalized experience. that's what people looking for. >> you like many of the forward thinking ceos embraced big data. >> it's part of it but it's machine intelligence and artificial intelligence because it is a learning system that looks across a population and is able to predict what you might want next. right now it's being introduced on our princess brand. and carnival and other brands are experimenting with other technologies but we are not about technologies, we are about hospitality. all of the technologies are intended to enhance the guest experience we have one job, to exceed guest expectations >> i want to thank you do that arnold darnell the president and ceo of carnival corp thank you so much sir. >> appreciate it

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and today, at the touch of a button, all the farmers are able to get their money, pay school fees and improve their standard of living. with citi, we see a bright future for our farmers and their families. ♪ when the market turns against a particular industry, you need to pair yourself for -- >> the house of pain. >> for example, when the home builders bounced today the group is very much in the cross hairs of the bears toll brothers, one l of the best home builders in

the world's stock got evis rated losing 89.5% in a single session. fell from 43 to 39 that's a hefty punishment. it tumbled from its peak in january. last august it wasn't 36 we are repealing the move from late last year what caused the decline? toll made some comments about increased costs for labor and for materials. they also had some delayed closings on 15 homes in california but they saw some real weakness in higher end properties in new york city where the market is softened because of overbuilding on the other hand this is an amazing time for home builders as cofounder and the chairman bob toll told us in the comps call i quote, jobs are full, unemployment is low, prices are rising home ownership and household information rates are increasing and supply remains constrained end quote. doesn't that sound good? but the stock was up four days going into the report and much

of yesterday's decline repealed that you know what's important? the analysts will almost all negative about the stock even though the themes bob toll mention ready unassailable what makes the analysts hate this stock why are they so negative the analyst developed an alternate universe theory about home builders. interest rates are rising and that's going to crush this business doesn't matter what the toll business said, doesn't mean anything even though rates went down today. to the analysts the dye has been cast they are also convinced raw cost also keep going up in the back of their minds i bet these home analysts see a 2005/2006 situation where toll didn't see the top coming. that's a shame because when you

go back and listen to the conference calls he repeatedly excoriated the marketplace for being too hot. given that the run-in lumber has to do with nafta politics it doesn't seem so far fetched that lumber could go down finally, if it was so dire it wouldn't have been a voracious buyer of its own stock what can you do? if you own a stock like toll here you are fighting the wall street playbook. the playbook says to sell the homebuilders when rates are rising end of story but i think this is unusual when a roaring economy can make the future brighter than the past. toll doesn't deserve this kind of treatment but as clint says in unforgiven, deserve has got nothing do with it it's hard to buck this negative end from all i can say is you have to let

the stock come down before you can try to make a stand. what can change direction? time, lumber, and labor costs. you can get a reversal in lumber labor is iffy. when it relates to time you have to wait until next quarter the bears have the upper hand and it's foolish to fight them why we say wait for toll's stock to come down to lower levels before pulling the trigger stick with cramer.

anyone can get you ready, holiday inn express gets you the readiest. because ready gives a pep talk. showtime! but the readiest gives a pep rally. i cleared my inbox! holiday inn express, be the readiest. it is time it's time for the will lightnin

round. and then it's over are you ready? start with mike, mike, mike, in michigan mike >> caller: booyah, jim, how are you? >> i am doing well how about you? >> caller: i'm excellent in sunny michigan my wife and i are holding on to a couple thousand shares of sirius xm and average price about $4.50 a share wondering if we should buy more. >> who has been consistently behind this stock? was me i'm not backing away let's go to bessey in illinois bessey >> caller: hi jim. >> hey bessey. >> caller: booyah from chicago you are the best thank you for all your wisdom. >> i love that praise. i need it. what's up? >> caller: i'm thinking about teva. >> it's had a nice come back, i think the bottom has been reached but this doesn't make me

want to pull the trigger jake in georgia. jake. >> caller: how are you doing jim? booyah. >> booyah. >> caller: i am a new investor in the market i wanted to know what your thoughts were on iq. >> when it comes to china we like blaeb, and balzon and that is it. the rest -- -- sanjay in michigan sanj sanjay. >> caller: hi jim, first time investor how are you? okay how about you. >> caller: long time listener, first time caller. >> okay. >> caller: i bought blue apron of a the ipo witness down. last year. and sold it at 390 dh. kept a little bit on my portfolio. then it went way down to 172 i picked approximate you a lot, like 10,000 end of march at 194. i actually just sold half of it

today because it started to go down. >> that makes sense. >> caller: and still make some money. >> look, the stock bottomed. i have to have a thesis to own something. i don't have a thesis. don't buy, don't buy keep trimming on the way up. jack in florida. jack. >> caller: hi jim. my question is on shoppiify. >> everybody decided this adobe acquisition of ma genta killed them i don't think it's killed. i think you can own the stock. pete in texas. >> caller: hi jim. i love your show. >> thank you. >> caller: been watching for many years. >> excellent. >> caller: thanks for all that you do for us. my question is inside corporation. >> i have to tell you i shouldn't be allowed to opine on it i thought the new drug they had was going to be a winner the stock keeps going down i think it's inexpensive because

it has good products but nobody believes me. another caller, matthew in virginia. >> caller: booyah jim, thanks for taking my call my stock continues to outpace the sector e trade financial. buy or hold. >> they are in the sweet spot. you have to be a buy, buy, buy, buy, buy that's the right time for this stock. that's the end of the lightning round. >> announcer: the lightning round is sponsored by td ameritrade really helped me up my game. i had a coach. math. ooh. so, why don't traders have coaches? who says they don't? coach mcadoo! you know, at td ameritrade, we offer free access to coaches and a full education curriculum- just to help you improve your skills. boom! mad skills. education to take your trading to the next level. only with td ameritrade.

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i am a big fan of the payment space. with good reason visa and mastercard have caught fire tonight i want to focus on a lesser known part of the industry that hasn't been keeping pace with the other credit card companies. global payments. it is a merchant acquirer. they sign up retailers to credit card networks enabling networks to extend electronic payments. they own the client relationships and get 2 to 3% cut from ifr transaction they have exposure to e-commerce, cross border payments gambling related solutions. they are mostly known as a merchant acquirer. they raised full year forecast for the top and bottom lines double digit organic growth. a fantastic long term performer,

up 377% over the past four years. it is lagging behind the credit card companies i mentioned let's meet with jeff sloan, the ceo of global payments and see where his company is headed. here's my thinking you spoil wall street. you have had much faster growth than everybody when you report faster growth than everybody people say that's fine, that's global payments that's how i feel about your stock right now. >> you are right markets go in cycles sometimes everything is good, sometimes everything is not enough that's exactly where we are. we try to focus on how distinctive our technologies are and our distribution is coupled with the emerging markets that you described. that produces the results you alluded to. >> to me you are a software company. thin tech means nothing. you are a software company that has the best cost wear and you

are giving it to merchants in the cheapest form. >> 40% of the business is technology enabled but we are selling our software not just in restaurants but in universities like buck net hellonell and the university of pennsylvania i paid his tuition with our software on line we are involved in the commissary and the cafeteria that is our technology enablement that's 40% of the company today, going to be 60% in two years. >> event organizations, community organizations they don't know how to do it. they are cash based. you make it so they can accept it. >> exactly right one of the things i think we have done a nice job of, active network which we purchased in september of '17 is a great example of this. we are a complete outsourcer the ymca, stanford university turns to us and says we don't know how to manage these events, how to track down consumers, how to integrate your phone where you can sign up for a triathlon

on your phone and pay with your phone. that's what you do please do that for us. as you can imagine that's a sticky high retention type of business with very fair pricing. >> you have got some fabulous relationships overseas not in traditional place. great business in the philippines kmrks is large people are worried about europe. but when you have a business like with a check bank or with a spanish bank, those are the two hot markets. europe is not flavor >> exactly right what we are most proud of and one of the best secrets about global payments is that a quarter of the business is outside the made to. in europe and. our faster growth markets in continental europe is in the czech republic we have half the market there. and romania and the like we have the same thin in asia. we are across 13 markets in asia which is where all the growth is in then philippines, fastest gdp

growth faster in some case than china we have 20% of the market in the philippines with our partner. that's what is driving the outside growth 15% organic revenue growth in asia last quarter. 22 compared the 9% in europe your cfo had a great line. people said hold on, where do i get the app? it's actually the merchant this is not visa or mastercard it's a different kind of system. you are not expected necessarily to know what global payments is if you are one of our viewers. >> exactly right we are ly a business to business to consumer type of business at the end of the day we stay behind the scenes but increasingly in our businesses like active, university business ol our schools business we are developing the mobile app ourselves and our partners are using that in the case of our restaurant business where we have 100,000 quick service restaurants just in the united states when we look at bojangles or what a bugger you can order on line, pay with your thumb and go pick

it up. that's all our stuff to your point we don't talk about it at the end of the day because the most important thing is the merchant. >> one last one, paypal, which you know we like very much dan shullman you have a language standing relationship they acquired a company so they are more competitive with square will you figure in >> i would say they are a terrific partner of ours dan is a great guy and that's a great business. the way we look at it. first i would say the business has always been competitive. it is a in the like barclays doesn't know how to do act choiring in the uk we have smart and intensely competitive businesses but to step back for a second when you ask our folks in europe we don't run into eye zettle that much. they tend to be like square at the micro merchant level our particular mchd worldwide typically here in the united states is $250,000 a year of volume

so those merchant are much smaller. by way of comparison, $150 million revenue for eye zett zettle -- it gives you a sense of the average size. it's not to say it is not a good company. it just is to say that doesn't chain the landscape of how we operate. >> global payments like i said at the top of the show is one of the consistent great companies that right now is not going rewarded but will over time. and that's what matters to "mad money. that's jeff sloan, ceo of global payments terrific company "mad money" is back after the break. how do you know you made the right call... ...you just do. the light beer you've been waiting for has arrived. lower carbs. lower calories. higher expectations. corona premier. welcome to holiday inn!

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