>> time for the final trade. >> going into financials, kkr. giddy up. >> alibaba, keep buying it. >> tim >> mexico, i would be saving it. big move, get out of there. i melissa lee 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 you want to make friends and get you understood money call me or tweet me@jimcramer. the three ts are the ts that are

trouble with a capital t, which rhymes with p andit stands for deep dark pool that readily threatens any rally in the second half of the year and today's rally. the dow climbed and indeed climbed 1.12%. yep, we're drowning in this rule of pens and tariffs. and the market got a sweet reprieve today on a great day for the market, why don't i explain to you what so many commentators, pundits and money managers are wringing their hands about, obsessing about so you can understand their nonstop tale of woe and put it in perspective to help you make some money. first we need to address the 10s and twos found scary. right now you get 2.55% interest

for a two year note. if you buy 10 year treasuries, you get 2.83%. ge, that's not a very big difference, is it? this small or tight spread is highly unusual the two years of 2.5%, i would expect 10 year to be at 3.5% right now, 30 year treasury bonds are only paying out 2.5% to me, ludcratsy, crazy. lock up your money for an extra point? i know the bond market puts people to sleep. the bond market is far larger than the stock market. when i got to goldman sachs in 1983, i was chiefly interested in stocks but the firm was chiefly interested in bonds. at first, i didn't understand the obsession with bonds blah blah blah i was working with rich people in institutions that always

bought tons of bonds because rich institutions were conservative rich people, you only need to get rich once. they're considered risk-free since they're backed by the full faith and government of the u.s. government stop being so cynical. a lot different than italy where i came from a. bonds talk i learned the language of goldman, they have fabulous bonds. they're saying with the two year treasury so close in yield to the 10 year treasury, twos and 10s, we're almost experiencing a flat yield curve when you have a flat yield curve, there's usually a recession, a sign investors are worried about the future i wish it weren't true and i could dismiss it and wish i could say the 10 year would be much higher. can't ignore it. >> what would send us over the edge, if the fed raised rates

too soon and judging by them, they're going to stick by their desire to raise two more times this year. you will hear screaming. the 10 year doesn't start yielding more and long term rates go higher, they have to pay more for your deposit. going full circle, bonds are screaming. keep this in mind. we're about to go into recession if the fed keeps raising rates and banks. about a fifth of s&p 500 can't make much money on their core business lending, hence the defensive stocks, not defense stocks, they're awful. defensive stocks, they're awful. before you say this is paranoid delusion, considering the stocks of the home builders performing horrendously lately. make sense not now if you look at their business banks are making tons of money and homeowners are crushing it thanks to a housing shortage

the hedge fund playbook they all use tells big time money managers they must sell these stocks here, housing is way above its weight so many companies involved with housing they're all feeling it while the banks almost universally got a clean bill of health from the bank just last week, the bond markets are saying, sell sell sell that's telling banks are the lifeblood of the economy. when they go down i expect the rest of the market to follow that's been the case until today. it's rare. i think this is a relief rally after being down so long only major selling of 10 year treasury, something i do not expect or pause from the fed on rate hikes, something i don't expect would improve the picture. i wish chinese would sell their trillions have dollars of u.s. treasury but they haven't shown an

inclination to do so i know you're tired of hearing about it i don't care tariffs. tomorrow the first and you can expect china to retaliate immediately and retaliating against farmers, don't we write the farmers a check? the country is run by farmers because they have a powerful electoral college. write a check to them. the world is short of stood stuff and we've got it the real issue is hostility. prc held up with annex p 7 they apparently banned cells of the microsemiconductors and boycott pretty much ending starbucks coffee and fried chicken and even apple is a big importer they have a lot more risk than we do, especially the chinese stock market falling apart our industrials have been acting horrendously because of what i just described it gets worse. the real trouble now may be

tariffs on cars and export happy germans. they have much higher tariffs on their cars than we have on ours, that's wrong a talk about a deal for tariffs on everyone, zero tariff approach the president wants we don't know if the deal is possibility but the market sure acted like it is our trade partner, germany she's reluctance for an even playing field. the big institutions in this country is quite clear, in a trade war sell all industrials, autos related and the trade battleground and that group have become millstones around the markets neck now put the whole thing together, three ts you aren't supposed to own anything connected with housing and banks and industrial including techs and autos. where does that leave us own small cap stocks that have nothing to do with international trade but thrive when trade is

strong in this country you can beat that to death you can own the stock of companies that don't need global growth, healthcare and remember, companies will report earnings and when they do the stocks go down today was a rare reprieve what's working and what's not because i don't expect the fed to stop raising rates or president trump to stop the tariffs for the stock market, i have to temper my bullishness and i came back from vacation fired up to be bullish can't let facts get in the way of the story bottom line, there's not enough in the market to go higher on a sustained basis now. until things change, take days like today a gift, not the norm. enjoy any strength you can and maybe sell something until things go back to the way they were 48 hours ago. marshal in vermont

>> caller: hey, jim, this is marshal calling from burlington, vermont. how are you? >> good. how are you? >> caller: doing well. my question relates to american airlines i bought into the stock in may, down 20% since then, rising oil prices and deutsche bank's recent downgrades, i'm looking for advice whether to get out or buy more. >> you're way too late to get out. down 27% please do not sell here. understand they pretty much told you the quarter isn't any good if oil goes down, a bit of a push here, that stock is going to bounce. i can't council on selling the stock but i can say all the airlines are all down too much am i telling you to buy it hard kevin from massachusetts >> caller: boo-yah, jim. >> boo-yah >> caller: i was watching your show and analysis of the

industrial sector and due for a rally involving trade and i'd like to know if a.o. smith is a good place to be if and when an industrial rebound takes place >> the if and when is a really really difficult thing if it happens a stock like a.o.s. wis completely take off it does have overseas exposure and china exposure if it does happen the stock will go lower i hate to come on the show and equivocate, i cannot tell you what's going to happen with us and china. i just can't it would be untruthful for anyone including the president of the united states to tell us what's going to happen with us and china. >> caller: hi, now that simon is stepping down at hain celestial, how will it affect the stocks. >> this morning i was getting a birthday present for my daughter, i have to take a bag

in it's a celestial bag it says irwin out. doesn't that mean the company is for sale the stock goes down and who would buy this stock we don't know. 3:30 in the morning, this sucks, you and i like a vulcan mind i will not recommend hain because as far as i'm concerned, i have pepsi-co, i think will report a great quarter that's my mind with you. curb your enthusiasm we need to have more goods don't forget the twos, tens and tariffs and triple ts. we coined a name you know what it is? acronym. in 2018, 120 companies to raise 35.2 billion on u.s. exchange. i'm telling you which newly minted companies could be winners and which are losers with the economy firing on all

cylinders, what does paychecks need to get the stock moving in a positive direction stick with cramer! don't miss a second of "mad money. follow@jimcramer on twitter. have a question? tweet cramer, #madtweets and send nim and e-mail at cnbc.com or give us a call at the employee of the year, anna. 1-800743-cnbc. [music playing]

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with expedia's add-on advantage, booking a flight unlocks discounts on select hotels until the day you leave for your trip. add-on advantage. only when you book with expedia. i know, right. we are seriously ikeeping up with the joneses.. i know, right. we are seriously keeping with the anderson's. we are finally keeping up with the ford's. keeping up with the garcia's. keeping up with the harvey's. keeping up with the wahh-the-wahh the romeros. carters. patels. the allens. wah... wolanske's.

right, them. no one is going to have internet like this. no one is going to have internet like this. gig to more homes than anyone. not just the joneses'. over here. xfinity. the largest gig-speed network. better to be lucky than good you know the first stocks are, facebook, amazon and google. they have been called dead only to rise up and crush the others. repeatedly betting against them, what explains the resilience

what allows the fang stocks to break away from the rest of tech that were higher which happened last week while i was on vacation every big time money manager is laser focused on the trade war with china whether or not standing up to the chinese in the long term money managers will run from chinese exposure in any shape or form the country gets a substantial amount of growth from china. investors will sell it nine ways to sunday. in one of the great coincidences in market history, fang has nothing in china they're blocked. too much free speech and causing social unrest. social media is no friend of dictatorships. china has no use for them. they have ali baba a capitalist big here is a nobody in china. netflix is one of the easiest websites to use on earth but not

in china they instead have iqiyi, more on that later. surely they can get around from blocking netflix and once they had high hopes of making it a big marketed and acknowledged it ain't going to happen. apple has taken itself out of china by choice. regarding free speech and censorship and as a matter of principle. the management doesn't get much but treated as a big brother figure apple's lack of exposure right now makes it a better stock than if it had china as a major market ironic, isn't it who would think principles could be so profitable all four are anti-chinese stock, perfect for this market! seconds commonality, they all have secular growth that doesn't slow down with the economy when they talk about president

trump's trade policy they make it sound like it will cause a worldwide slowdown even those who approve of the tariff, like me -- causing some disruption not that much. there's advertising risk but the risk of advertising on facebook, the output is muted. it's magazines and television have suffered much more as the internet has chosen to be a channel that must be reckoned with and carving it up and twitter, i still like. commodity inflation and anticipated economy. services have gone up and oil has gotten much more expensive year-over-year if you're going to design four large companies relatively immune to inflation, they would look like netflix, facebook,

amazon and the others. it's a bargaining power every other retailer dreams about. the market took a momentary dive when the fed's minutes came out last month showing they're a little less worried from the slowdown of tariff issues that many including me and the possibility a trade war could be bad for business not for fang now looking at individually. this morning, pushing facebook hard using a $275 price target for this $198 stock. stocked zoomed why? accelerating instagram 1 billion users per day and stories representing a -- and remember the juggernaut that was snap facebook constantly being bashed in the mainstream medium, just go to instagram and no one seems

to want to be anywhere else. the stock is selling to a perfectly reasonable not as expensive as kelloggs and cloroxs and stuff. as i told you, no one believes, facebook is cheap. the stock is cheap one week, what happens, i go away for a week and amazon shells fought for a pill pack. we knew they wanted to be in the pharmacy business or how or what it would look like the company wa at one time supposed to register state by state. they dropped that initiative pill pack is much better it crossed the pharmacy this week, especially walgreens that had a nasty quarter. amazon was back up 45% for this. a formidable competitor in this pharmacy business. let's not forget, prime day is coming, july 16th and 17th, going to be prime day! 36 hours of deals.

i'm sure will be staggeringly successful don't you dare bother my wife during those 36 hours. on second thought, please bother her. get me netflix giving you a staggering 100% gain this year is experimenting in europe for ultra high-definition programming. who knows if it will take off. netflix never stops innovating there's a reins apple is only up 8% for -- alphabet is only up for something negative they get hit quite a bit they were called looking into the government conduct diane bryant left after a short seven months, had a long storied history at intel not what i'm looking for here's the fang! for once again exciting and

imploring and defining all of the negatives. bottom line, i know nothing lasts forever. it's easy to see why these fang stocks are reviled for being too high, too rich, too whatever that's been the case since we coined the term five years ago who knows, maybe it will be the same five years hence. the ipo market left for dead two years coming back. the ones you should be buying. paycheck has been a long term winner and with record levels of employment, the stock should be soaring. disappointing results and i will talk to the ceo. does good news mean bad news in the markets? i'm spotting the contortions of negativity it seems to be sweeping through the stock market even on a good day like today stick with cramer.

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lately, the market has been flooded with a lot of red hot ipo. lately, they have begun to cool. the stocks surge higher out of the gate before getting slammed. i want to catch you up on this red hot ipo market a couple weeks ago, i told you these stocks have become overheated they don't have the sales and earnings and since they had a broader sell-off that hit these recent ipos hard three weeks ago, carbon and zuora are down and doku sign down and pivotal software down

love to tell you i told you so even with this recent round of profit taking the numbers are staggering raising a total of $15.5 billion. second quarter, 13 billion raised, all told this is the highest ipo volume since 2012. in fact, in just the first quarter more than a billion dollars, we have gotten in all of last year, that many billion dollar plus deals. a lot of that is from tech, we have seen 10 times as many deals as 2016, almost double last year but what matters these deals have been making people a lot of money. average ipo, 9% gain even if it got slammed and in the second quarter stunning gain, incredible it's not a good thing ultimately the end of the day, the stock market is still a market and

markets are all about supply or demand, stocks, food, copper, too much causes the price to go down nothing was going wrong. you know i have my eyes peeled to try to protect you because when they go down, what else do we need to be wary of with these new issues there's been a ton of private equity-backed ipos the recent being b.j.'s wholesale club that just went late last month at $17 and climbing at $20 and change and pulling back a little bit today. we have to be cautious with private equity backed deals, a private equity company coming public with a deal they bought previously hopefully at a profit they produce plenty of winners but the truth is pe guys tend to

have plenty of losers with duds they want to offload to the public give you a good one and a bad one. we don't want the bad one. there's been a bunch of bio-tech deals. a third of last quarter were bio-tech, very hit-or-miss which is par for the course for this industry. you have armo bio-sciences, public at 17 bucks and traded up to $28 and got acquired for 50 bucks a share! for every one like that there is another one that can lose its value in a day because of one bad clinical trial i always tell you to be selective when you speculate with these early stage drug developers and those nearing completion more than others. this is hard to get your arms

around, head around, whatever, because of what's going on with trump and china. you know what, there have been a plethora of chinese ipos, even in the midst of the trade tensions with the people's republic, they're becoming public here and their stocks are roaring. talk about ironic. many of these names, dubious quality. one you see all the time, i see it every morning iqiyi. let's call it iq for all you home gamers. this is build as the chinese netflix. this stock surged in the late 20s in late may to as high as 46 in late june and they have gotten slammed to 31 taken another beating today. my view, who wouldn't be intrigued by the chinese netflix. this stock needs to cool off more before it's worth considering. remember, netflix closed out of china and there is a little room

for iq then you have billy billy. that's bili. bilibi became public before iqri in march and didn't get much traction but then it caught fire when they recommended it in may and june it came round all the way back to 13 bucks. this is why i'm leery of the fresh-faced chinese ipos too hard to get your head around and follow closely even if you do the time and research, i'm always stopped on the street and asked about chinese ipos i have ali baba and they've been under pressure, i still like it. i am hesitant to recommend but a handful of chinese companies this is not the best of times. they're caught in a trade war with the most powerful country on earth remember, it's us. which do we actually like? i mentioned them before, worth

repeating. dropbox. i recommended dropbox at 28 the night it became public and surged to 32 i like these levels. they had an explosive rally in june followed by a brutal sell-off dropbox is a representative of the economy with free users you can convert into paying customers. second, spotify. first, they didn't have an ipo basically an anti-ipo, i think it hurt the cause. they're an amazingly transparent and promotional management team. while the stuck pulled back a bit, it started to roar again, up nearly eight bucks today. then there's zuora, they help other businesses set up subscription services. this is a sub description economy. a few days ago i told you to

ring the red bell on this one. now, time to look again. i recommend buying a bit and waiting for more weakness to build up your position on the way down bottom line, even with the recent down turn and newly minted ipos, the market is red hot. they will keep going >> be careful. while some of these stocks are worth owning, many others are not that good or simply have gotten way way way too expensive. the next time some fresh-faced ipo catches fire, think about the recent turmoil and think about profits before letting your gains ride. especially if you get used to playing my favorite way, playing with the house's money carolyn in florida, carolyn. >> caller: love your show and especially the name of your dog, invidia. >> my dog was great today. special treats when i get home what's going on?

>> reporter: since going into chapter 11, tax holders lost nearly all of their investments from seadrill. would you invest in this stock again now or just move on? >> no, i would move on i know it looks red hot. my travel trust owns a company 10 times this but not. why not buy slumberjay that's my play for this. we're going to ester in new jersey >> caller: hi, jim i'm a speech pathologist and created an app and i'm interested creating the rest of the series to help children learn their sounds i did research to find out about running my ap on a better platform i heard pivotal software shot up i'd like to know what you know

about them standing alongside their competitors. >> i can't really address yours, the world of pivotal, an extraordinarily good company i should have focused on it. the ceo is someone i met many many years ago it is absolutely terrific. i would buy the stock of pivotal. it's ipo, no, some companies not worth owning more on "money" including the ceo of paychecks which hasn't moved up what does he have to say about the current hot economic environment. and reporting strong numbers, but has the negative gotten them down i'm giving you my take on an upday. don't get mad at me. i'm giving these guys a beat down it's the "lightening round." stick with -- >> cramer!

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just because something should be happening doesn't mean it will happen

payx should be killing it, but they're doing fine, not great, at least according to the analysts they make more money when employment is strong and the current situation is insanely good when they turn money over to paychex, they reported their earnings were only in line and guidance buff but not enough to report it before bouncing back marty is the president and ceo of paychex welcome back to "mad money." >> thanks, jim good to be here. >> marty, let's get right at this there was a decline from 3% to

2% everything else was fabulous what are we supposed to do here, marty? >> jim, i think we had a solid year we certainly ended up very strong in the fourth quarter got great momentum going into our sales perspective what we said with our fiscal year and solid 7% growth on the top line and great earnings per share growth, double digit growth. we continue to produce good results and see what happens >> to me, the situation that tells me why things are good is the change you made in the dividend i thought that was incredibly important you did it ahead of time >> we did. we did it a quarter ahead of time we normally do and 12% increase higher than we normally have it. we're paying out 80% of income in net dividends and continue to do so. >> you also are spending to a lot of people on wall street spending is a curse to me, when i see paychex

spending, it tells me you're setting up a big year because of employment and job creation. >> that's right. when we got the benefit from tax reform because we're a very profitable business we gave a lot back to shareholders, a large proportion and took some of that accelerating product investment to make sure we have the best products out there for our clients and jumping ahead of our competition. >> you called out a very interesting thing i didn't understand it well i think i do but don't want to you talked about the idea of outsourcing hr, that people are worried about harassment, they don't know how to deal with harassment could you explain that more? to me, that strikes home something people can't take care of internally because they don't know how to handle it. >> that's true what we're seeing, this is a high topic of concern for small businesses in particular who don't have that full hr support and service and hr outsourcing andpro business provide that

one of the biggest issues they're worried about these days, because of the risk, how do they handle harassment and policy they should have in place and to deal with it once somebody does complain >> we have over 100 hr specialists around the country serving our clients and we're serving over 1 million work centers around the country that's the topic right now >> it's part of society and people don't know how to handle it let's talk in general about the economy. you give us a pretty good read what areas you're seeing new businesses, doing the hiring and what kinds of companies. >> well, we're seeing the south region perspective, the south still having the best job growth, even though it's down a little bit from last year. it's still the strongest construction and other services, those are still strong in the

south. construction is still recovering from the hurricanes last fall, roof repairs housing have the most wage increases but having the slowest growth from year-over-year from a sector perspective, manufacturing up from a low point and leisure services and hospitality the top job givers but down from last year. overall, we saw a slight down tick in job growth and slight downtic in wage growth, over 2 1/2% wage increase, which was surprising to us >> how can that be with employment as tight as it is, you talk about that with recruiting you do, another great service you provide, employment as tight as it is, people should be starting new businesses with business great that's not happening are there other forces at work >> you're right, the optimism is

very high. when it comes to wage increases and what we found from our clients surveying, 65% said they weren't making enough profit to raise wages. they're trying to do other things, make other investment, hiring part-time or contingent work force to fill in. >> there's still this concern if i increase wages can i roll that back and can i insure i will have solid sales and growing profits in this future >> it will be happening sooner or later you wouldn't be higher if we didn't see it happening. the analysts better get on board with you and me. marty mucci, ceo of paycheck just buy it! you always pay your insurance on time.

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at crowne plaza, we know business travel isn't just business. there's this. a bit of this. why not? your hotel should make it easy to do all the things you do. which is what we do. crowne plaza. we're all business, mostly. "lightening round" sponsored by td ameritrade >> it is time! the "lightening round" buy buy buy buy buy buy buy! are you ready, skee-daddy?

john in virginia john >> caller: boo-yah, jim. shake shack has been my best stock. you said it was overpriced and lately knocking on $70 a share is it time to sell >> remember, last quarter i said, it's finally valued in a correct way, realistic to carey >> caller: thank you for all you do, mr. cramer to help those out here >> thank you >> caller: my question is in regards to jack henry and associates, ticker jkhy. >> that is a fabulous service company. people don't talk about it enough we should do a piece, memo to ben. joseph in pennsylvania >> caller: boo-yah, jim. buy or sell kraft foods, khc >> the stock is making a move. i did not do that but i think you can get up to 70 before you

have to sell corey in new york. corey. >> caller: hey, jim, cory in new york first time caller, long time fan. what do you think of the stock, gbt? >> back from vacation and the man stumps me big time i do not know gbt, but i will do some work on it and come back to you. how about hugh in indiana. >> caller: boo-yah. >> boo-yah >> reporter: i'm calling to see what you think of kmi. >> they're making a move i like magellan midstream mmp because they need those pipelines. kmi is making a move i'm not in denial. see it happening to rick in new york. >> caller: welcome back. the show isn't the same without you. you have so much insight and humor and class, i really

appreciate it. welcome back my stock is fedex symbol fds >> let me give you a two-fer, i think adobe shouldn't be down. random those two companies went down. i sell all last week paul in california paul >> caller: jim cramer. hey, i'm always listening to you, you're always full of energy i called you before and i've done some research and i know you recommended the stock before and i've been doing some research and i hear nothing but good things about this company as far as the internet and things like that the company is called blackberry qnx. >> yes i know people gave up on them. they're going to come right back harry in new york. harry. >> caller: hey, jim, great job, man. we love amc. >> thank you, partner.

>> caller: mpc, marathon >> it's up i think it was goldman sachs marathon p. has been my favorite because it pulled back and i think it's a buy oh, no, that's the end of the "lightening round" >> sponsored by td ameritrade. ooh, so close. yes, but also all... night through its entirety. come on, all... the time from sunset to sunrise. right. but you can trade... from, from... from darknto li. ♪ you're not gonna say it are you?

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the contortions of negative are painful and are every where. even on a bond doesn't matter if you're on a first class conference call we got from mccormick present day. the spice company. or the shockingly strong one from furniture maker herman miller and surprising by kb home the questions and the calls are the same when is it going to end? when will things roll over when will it come to a screaming horrendous halt, throwing everybody to the mercy of the bears. i could take a whole host of companies. negativity with the g.e. breakup call and no way it will go down the way ceo john flannery said, the guy just came off a turnip truck and the guy at carnival and the random fuel prices and

randomness of the dollar yet none of these facts seem to matter, all shadowboxing even as it's taken control of the hearts and minds of the analysts and media, there must be something going very wrong or the market would be up much more than it is some of the analysts on these calls are breathtakingly pessimistic. after mccormick blew away the numbers, french's mustard doing beautifully and ceo, lawrence kersey with seemingly tenuous relations with number one client, walmart and the loss isn't even true. the food group has been stellar. to some degree i get it. i was openly critical about the deal when it happened. so much i had to cry but then they walked me through

how trenches just needed better management to gain control the yellow part of the mustard franks is the hottest subcategory because they really do put that stuff on anything. the analysts aren't buying it. they're far more worried about early signs of disruption in mccormick's spice, the canary and coal mine thing again. thank goodness they can't hear each other, is this the proverbial canary in the coal mine they stopped using canaries 30 years ago. how about this national home builder, with an outrageous backlog, lots of expansion and price increases that stick everywhere doesn't matter negative was everywhere, a bizarre volley for serve q&a they're higher than last year but price increases offsetting demand if you have price increases,

isn't demand going to go down? no, we didn't have enough to meet demand. it may have peeked already and flagging prices in california, where? we aren't seeing it anywhere just need land to build stuff on ceo jeff mess ser has really been around, a smart fellow, blurt out what so many of us must have been thinking, quote, i can't think of a single market i can say there are signs the consumer can't afford it or pricing has hit the wall, end quote. i'll take that as a positive you know who put it best after these terrible terrible pernicious back and forth questions that signified these analysts knew snowing, herman miller, the maker of the iconic chair, speaks for all of main street, not wall street, main street, saying we are nervous

about the political things going on around the globe and the tariffs, all those things that make you cautious, but, he adds, we have no signs the business is backing up at all, in the face of those things. business continues to look quite strong today end quote again, though,it doesn't matter. this market is operating under the assumption if it isn't negative it isn't true with the exception of today that defines this moment. a discouraging moment indeed stick with cramer. y you ave for your trip. add-on advantage. only when you book with expedia. add-on advantage. is this at&t innovations? yeah, wow... this must be for one of our new unlimited wireless plans. it comes with a ton of entertainment options. great, can you sign for this? yeah. hey, uh... what's in that one? that's a shark. new and only with at&t, you can get unlimited data,

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i promise to find it just for you right here on "mad money." i'm jim cramer and i will see you here tomorrow! >> welcome to the shark tank, where entrepreneurs seeking an investment will face these sharks. if they hear a great idea, they'll invest their own money or fight each other for a deal. this is "shark tank." ♪ i'm brandon. i'm steven. and i'm bruno. and we're the owners of sand cloud. we love the beach, and we used to go to the beach all the time right after work. one of these days, we woke up on the beach super uncomfortable and looked at each other and had this idea of putting a pillow inside a beach towel. and that's when we first came up with our million-dollar idea: the pillow towel. we created the product and tried selling it on the beach, and that's when we realized it was a total fail.