sales. >> don't feel devaed who is outbidding? >> chaertybuzz, how much time, mel? >> count it down >> a stressed guy right now. >> i'm my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm 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. do not say i didn't warn you i've been telling you for months that president trump wants this trade war with china and the stock market will not

like it. i said it will be the principle risk to 2018 returns sure enough we got slammed today. question is, who is the better hand, the people's republic of china or the united states of america. now that the trade war is really and truly here, meaning we are at last fighting back, i think it is worth dwee devoting to finding out which side will win. everyone loses in the latter, and especially those of you who own stocks i want to take down the disadvantages and the advantages of both sides. we have the upper hand because we import far more stuff from china than they import from us

there are far more chinese jobs here at stake than american ones if the fair riftariffs are punie enough, they may pull up stakes. we know from martin franklin who used to run the large appliance company, jordan, that it is cheaper to make things in mexico than in china. china makes a lot of machine engines, mechanical good we will be hurt. you can't just built a heavy machinery plant overnight and electronics made in china -- the dollar tree, trinkets are

going to have to go up in price. how much more can the dollar store squeeze out of their consumers, i don't know, but i am no tt waiting around to find out. another prc win will be a day late and a dollar short. honestly, it is not clear how much is imported and how much is made in china. we know starbucks which cut same store guidances easily we know that fed ex-planes could be idled on the tarmac, the razor market, the shampoo market, can be hit we know machinery could see their sales loss to others even though i like them. honeywell, 3m and emerson, they

have substantial business in china. and all of those stocks have been hurt though continue to get hurt for a little whaile as the trade war continues. but you need to know the truth as i have been telling you for ages judging by the queue for boeing planes. put it all together and i think the same goes for the u.s. economy, china needs us. more than we need them i am going to repeat that because nobody believes that in the mainstream media china needs us more than we need them it is "mad money" and stocks can go lower anyway. we just saw how easy it is to close zte. we are the winner.

one wild card. well the chinese risk boycotting apple, that is a trillion dollar question more than 1 million chinese in some way work on apple's product. what is bad for apple is bad for the prc. the chinese economy depends on our market a heck more than we depend on those. i think president trump will take the pain. our economy is strong enough that he will let boeing and caterpillar, and united technologies get hurt. same for proctor and gamble, beverage companies or yum china. we hear that the chinese have more than a trillion dollar in treasures and can hurt if we dump them. that is nonsense

we know many u.s. outfittins wat to do business in china. same for most of the techs like ibm, intel, cisco and microsoft. but, that is a t rex which has fangs. f.a.n.g does little there. facebook hasn't been able to crack the market neither has amazon, nor netflix which stock was up huge today. and alphabet's google. google hasn't been willing to play play. f.a.n.g is going to rally the most because f.a.n.g isn't china. china is now gm's largest market still the stock got hit today just like boeing some are betting that gm is going to be a loser there. if you want to do business there, you need to partner up

with a local company they are all in bed with chinese affiliate, they would be cutting off their nose to spite their face another reason why the u.s. can win. another point. now politically, china has a clear edge when you have an authoritarian state, you don't need to worry about public opinion you can take it wherever you want it. president trump needs to keep congress happy or they can roll back everything he has done. economically, i think we have a leg up broke down badly last night with more than 1,000 stocks falling more than 10%. chinese government has gone to prop them all up but that is a trillion dollar under taking every time you ask me to recommend a chinese stock, i say no we have already done immense damage and the trade war has

barely got started he also knows we have an incredible economy here, abundant natural resources now that we rediscovered so much oil and gas. to put it simply, if you are going to have a trade war, you might as well win, and right fou, i thifo now, i think we will have no trouble winning. how long will it take us to win? if we keep trading body blows with the chinese, then the economy can get hurt badly however, if we can win quickly, better for everybody, both here and yes, even in the prc everybody assumes the u.s. is the paper tiger and the chinese are the real ones. give me a break. here is the bottom line. we will find out that china is

the paper tiger. look at the collapse i wouldn't be surprised if china ends up folding. let's go to mike in new york. >> caller: hey, jim, thanks for having me back on the show calling on cleveland cliffs, clf, so the steel prices have been near highs. i have seen doubled nearly doubled his stake in the company. and just curious, i thought these -- >> the dollar getting stronger, the mineral stocks have had a big run. i am not going to endorse that stock. i have too many things going jordan in home state of pennsylvania. >> caller: booyah, jim how about those eagles, baby.

>> go birds. >> caller: i would like to talk about regenx bio it is consolidated -- >> look. they actually make money it is actually, i mean a lot of these companies sound like they are not real a real company that is a good spec but remember, all time high today. so we have to be more circumspect. the trade war is behind the decline in stocks. it comes down to whether you believe it is the u.s. or china staying power. on "mad money" oil, carriso oil and gas, and earning its shares have given you a nice energy boost. can it continue to power higher or is the pause in the rally.

>> then, looking at the bigger picture when we go offer the charts three solid idea. i am eyeing a potential play that ended the day in the green. don't miss my exclusive with a medical device player that should be on your radar screen 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 madmon.cc.m.eynbco alerts -- wouldn't you like one from the market

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doesn't push some of the lowest cost of the industry we will hear more about that now the company just blew away the numbers. so the reason we have more upside even if oil remains stalled or do we need to be concerned. let's take a look with the ceo chip johnson good to see you. >> you executed the pivot of the year you recognized there is traffic jams in permian. and the difference between the two made it so car rizzo is having a great year. >> you are exactly right oil price dropped. the eagleford prices are seven

or $8 above wti because it is a sea born crude it is about a $20 difference we are shifting rigs and frack crews as fast as we can. >> literally because you have these greet eagleford assets, you would make more money if you just had permian >> down the road permian will have more and more drilling locations because it is a high column. >> but hard to get to market. >> it grew so fast it got ahead of its pipelines and the pipelines will come on third quarter of '19 until then, there is going to be a problem. >> there is a big opec meeting so crude >> we have been trying to get our cash flow neutral where we are not out spending

we are getting closer and closer that will be early '19 we brought our leverage down we hedged our oil and we hedged the bases. so for instance getting the oil from midland to kushing oklahoma, we locked in ten cents. >> so if oil goes to 50 you are okay. >> if oil is 50, we will be getting $57 in eagleford. >> that's what matters there is a, it isn't the only liquid you need to worry about you have solved what people don't realize.

>> in the eagle foaford, and it about one-to-one it is the most water rich or water problem oil basin. so right now, making 3 million barrels a day in permian. >> tell me what that means. >> when oil comes out, saltwater comes out with it. and that's the problem so you have 15 million billion barrels a day of saltwater that has to be reinjected back into briny reservoirs that are deeper than anything else or you try to recycle the water. that will reintroduce the need for fresh water in fracking. >> one of my themes is that we are a country with abundant resources. we have a natural gas. we are doing with it, right? it is not just flaring anymore. >> we are trying to use all of this gas, in the eagleford, we

flare almost no gas. we can get rid of that gas and get up prices. in the permian, we are getting a dollar 40 to waha. new power plants that are adding demand for gas on the west side of mexico and now we can get gas there. >> does it matter that the chinese are being tough on us and don't want to accept our oil and gas. >> i don't think that matters. that will create some inefficiencies and maybe that is 50 cents or a dollar a barrel. but china is still going to need oil. >> and how about lowering the cost of drilling. >> we are drilling wells for half of what we spent five years

ago. >> half. >> in the eagleford, can drill a well every ten-daysor the lateral section of the well almost 5,000 feet a day. unheard of ten years ago better drilling rigs all of this generation three drilling rigs. and we have better bits and better crews >> regulatory matters, is it better now >> i think it is better. we sold appear la sha. we dealt with that in fort worth when we were drilling in the city but easier to drill out of south texas or west texas. >> fair enough that is chip johnson

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term pictographs we are going to take a look at a couple of stocks look at cvs, walgreen's and citigroup. let me tell you why this longer term perspective is so valuable.

have you seen the monster run in tesla? broeden called it. but the weekly chart took a look, take a look at this, it painted a very different picture. broaden noticed. the stock had been down for 28 weeks look at this at the same time she looked at fibonacci ratios hey, they are in snail shells, pine cones, flowers, for whatever reason, they tend to repeat in the stock market runs them through the prisms of these fibonacci ratios

tesla was close to making a 61.8% retracement. where falling stocks often rebound. when we have seen these conditions in the past, tesla has rallied and rallied hard gaining from 125 to $211 sure enough, the stock has tacked on 18 bucks from the lows and i bet you elon musk retweets this but that is beside the point what matters is that if you only looked at the daily chart you would have thought tesla was a goner back in april. as it turns out, broaden and musk dead right. i want you to look at the weekly charts

the weekly chart for cv s. she recommended this one to me over the weekend what does broaden like about this picture first of all, it seems pretty clear at this point that cvs bottomed not that long ago represents a cluster once your fibonacci ratios goes above 100% they are called extensions so we have a lot of reason to believe that the bottom early last months will be a laster one especially since the stock has rallied ten bucks above that level. then broaden could see a series

of fibonacci levels that could represent resistance she thinks that cvs could go to 128 before running out of steam. how about wall green's the stock has a floor of support thanks to the fibonacci relationships. and we are talking about maybe three to five points of downside there. when the stocks fell to those levels last month, quickly bounced. we just a bit more counter trend rally, she thinks the minimum upside rally is around 75 to 78.

if the recent low seems to be more important, she thinks that may sound aggressive. if wall green's drops down to 58, then broaden might turn seller if the stock loses six bucks here, she is out if it keeps climbing, she is looking for $10 to 3 % of upside. finally, there is the weekly chart of citigroup which can't seem to catch a break in this market even though the stock is darn cheap and the company has a lot going for it she just found a cluster of sev seven fibonacci price relation this year. the company buys back stock here and they are buying back 7% of

the company. that could be a powerful floor of support at the same time if the stock can get bounce here, it could easily shoot up. she thinks it will be smooth sailing all the way up to 84 and this is a bank stock in other words, if it goes down two or three bucks, broaden is going to throw in the towel. otherwise she thinks it is going to be tremendous when nothing seems to be making sense about the market or even particular stock, you need to take a step back and get perspective, and based on the reading of the weekly charts, we could have seriously exciting stocks unfolding cvs is making its move, i wouldn't be surprised if the

other two follow in its footsteps. jake in pennsylvania. >> caller: hey, jim, pennsylvania >> i got a terrific note from chris long for donating his charity. doesn't get talked about enough. >> caller: what are your thoughts on pnc banks. has been pulling back respectively 13% off from it's all time high. continues its national expansion. electronic banking, has the zel. trying to keep up with electronic platforms with interest rates going up, deregulation, stress test result high dividend, can you accept a buying >> pnc did not have a good quarter. and that is going to stick with

them until they have their next quarter. i can't approve a buy. lou in new york. >> caller: -- >> i got a phone call and i said listen, that story has not changed. i checked to see if that is the case and yes, the story has not changed and the stock is a buy bob in south carolina. >> caller: sweltering 98-degree booyah to you. express scripts. esrx. >> i am not alone, people are starting to get, i joked about this with david faber. i said it is going to get to

175. express scripts is going to go higher hold on to it i like the combination tonight's chart expect to get excitement from cvs wall greens. and if china wants to sell their 1.1 trillion in treasuries, i say bring it on. i'll explain why and all your calls tonight's edition of the "lightning round." stick with cramer.

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always on the hunt for new ideas. i want to introduce you to an intriguing story in the health care space i am talking about optn opti nose it has a unique technology what they call an exhalation delivery system. when you breathe out, the pressure shoots the drug you need up your nose. the idea is that you can get these drugs where they do need to go. far into your sinuses very hard to do which gives them an edge over other medications the company already has two drugs on the market. now opti nose came public last fall so far this year it is up 30%.

mostly thanks to the launch of ex-hands let's check with peter miller, the ceo of opti nose welcome to "mad money. good to see you. you do have a revolutionary new way to get drugs to where they need to go and i think you have go to talk about this crs market and how big it is. and how big it is for this nasal polyps operation >> it is a disease that is not terribly understood. this is chronic rhino sitis. 10 million them being actively treated by physicians. 6 million people have had surgery. the only thing that really works for the treatment of this

disease is surgery it doesn't really cure the problem. many people, symptoms return the first indications were launching in the ent allergy spectrum >> you have to do missionary work with doctors who may not be familiar with it. >> we do we did get the approval of the product last september we chose to delay the launch of the product. first you have to build awareness of the product, and the second you have to get coverage. >> for the payers. >> what is the percentage of payers. >> have what we call hassle free coverage we have 74% of patients have it covered. 65% we like to say hassle free in terms of awareness, last september we have 29% awareness and now we have 85% awareness.

despite the fact that we chose not to launch, we put clinical nurses out on the field to educate doctors. how our product uses the magic of breath to get the drug high and deep into the nasal cavity. >> explain the dlelivery system >> the simple way to describe is it the nose, is designed to let stuff go this way and prevent it from going this way. a series of boney structures, if you try to put something in your nose via nasal spray, less than half get deposited and we have a device we call exhalation delivery system

the brilliance of this mouth piece is when you low, we use the magic of the breath to go up into the nose. it navigates it around all of these structures the result is we get a lot of drug high and deep into the nasal cavity. >> i look at this and i say to myself, i duplicate it and make something just like it? >> we have patents a brilliant ear, nose and throat specialist invented the device when you have a topically acting drug, it is difficult for a generic to be ab rated they can't do simple pk trials so we believe we have very long exclusivity for the product. >> what happens if there are 30 million sufferers, obviously a

bigger market than the current one we are talking about, can you get approval. >> 30 million suffer, and 10 million people have these nasal polyps, for the 20 million that don't have nasal polyps, that is what we are pursuing will enable us to access 50,000 doctors and 6.5 million patients. >> this is valuable. and if you want to see how it works you can go, i have seen the video. >> that is peter miller ceo of optinose "mad money" 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." that's where i take your calls rapid fire 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." start with dan in texas. >> caller: jim, heard the news about ge, wow.

where do you think their profits are going to be in three years after they unwind their liabilities. >> john flanery is doing his best with one of the worst hands anyone has been given. so much that was not known i interviewed nelson pelts last week and he said look, what could you tell, you didn't know. the company was just not forth coming now that they are being forth coming, listen to steve tusa he nailed it i want to take another call. shan shan'ti in california. >> i want more positivity. go ahead. >> caller: i am falling --

following tap. >> i think molson coor's is not doing well betty in michigan. >> caller: booyah, thanks for taking my call what is your take on the symbol exel >> i am surprised it is down so much i am a buyer let's go to mark in wisconsin. >> caller: jim, i have an lp for you, 7.8%. recently acquired a slot on the houston shipping channel name of the company is semgroup.

>> houston shipping channel is worth a great deal the group is under a lot of pressure and a lot of the etfs have a lot of selling pressure on them. so i am no tt going to recommend that stock michael in indiana. >> caller: good evening mr. cramer, thank you for taking the call i have a regional bank that is selling 52 of its branches to flag star bank >> not bad inexpensive regional i am not against that stock. i think it is fine let's go to craig in nevada. >> caller: hello, from las vegas. this will be my first in utility. but as a retiree, i love the dividend your thoughts on ppl. >> i can't believe that company yield six. it is very well run. i think it is a terrific buy here i would pull the trigger right

now. ppl. jeff in michigan. >> caller: jeff curry, from niles, michigan. most unique business model in the banking model industry, where it is tough to be unique live oak banc. >> tends to not be my belly wick, but we will do work on it and come back. damon in new jersey. >> caller: booyah. >> what's up >> caller: i want to ask you about kratos. >> the short position is so big. i don't want to be a part of either side. it has gotten too difficult. it is a true battleground.

how about jake in new jersey >> caller: what's up, cramer, how you doing? >> okay. feeling all right. how about you? >> caller: good. i was trying to buy box. >> i don't know why people sold it maybe they don't understand this man and his business model he is doing a good job bobby in new york. >> caller: hi, jim, big booyah from rochester, new york calling about agnc. >> i have been against it. i own stock for appreciation not for that i don't want to touch that one albert in florida. >> caller: first time caller what is your opinion with sirius

stock? >> i have been behind it for a double and people keep downgrading it and they are wrong. i am right it is a buy. and john in kansas john >> caller: yes, jim. >> this is a long "lightning round," one of those marathon jobs what's up? >> caller: my stock is msci. >> that is henry fernandez, the ceo. he is doing an incredible job. that stock is still a buy and i have been recommending it for a double good work. and that, ladies and gentleman, concludes the "lightning round"" >> announcer: lightning round is sponsored by td ameritrade td ameritrade lets you trade select securities 24 hours a day,

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let me make one thing real clear. united states is not hostage to china that is not how it works i keep hearing about how we need to worry that china is going to sell its massive treasury holding to punish our governments. way up from

535,000,000,010 years ago. i find this to be a told kunard they are over 1,000 stocks down over a 10% we know that they can freeze stock to keep them in the air or pour in money to prop them up. they may need the stock to do that even if china sold a metric ton of u.s. treasuries would that be so bad people were terrified of rising interest rates and since that it moved back to just under 2.9%. when people worry about interest rates, the real concern is with the fed tightening, there isn't enough inflection. this make it is harder for banks to make more money off your

deposits than they would normally it is a sign that people worry about the future we need higher longer term interest rates guess what, the chinese died to dump treasury holdings, that you would move our they say the future is brighter than we thought, knuckle heads china selling u.s. treasury would have big benefits, perhaps including all of the facts that those guys have to shut off. let's throw in the dollar. higher interest rates translates into a stronger tlar foreigners buy lots of greenbacks so they can pay for our bonds. there are plenty of farm buyers who will rush in and fill the

vacuum if they suddenly sell a trillion bucks of dollar denominated assets, where are they going to put that money good for american exports and bad for chinese exports. they can't spend the dollars here that would defeat the purpose of trying to punish us. the whole exercise is self defeating. we have to stop talking about this i can't get over everything i read and hear including this morning about how we better be careful or the chinese will dump their u.s. treasuries. plenty of things i am worried about when it comes to our escalating trade war with the prc. but this ain't one of them if china wants to sell the u.s. treasury to punish us, go ahead.

make my day. if you owe somebody $100, that's your problem if you owe somebody $1.2 trillion, that's their problem. stick with cramer. the earnings are relentless. but cramer is ready to run the gauntlet cramer sits down with some of the market's influential c street players join "mad money" for must-see interviews you can't afford to miss hi, i'm joan lunden with a place for mom,

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