s&p puts >> danny boy >> i don't like his call >> all right guy adami. >> really hung him out to dry. >> you get what -- he deserved it >> cigna, too cheap. just too cheap there you go. >> good stuff. thank you all, have a good restu 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. 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 make you some money. my job isn't just to entertain but to educate and teach you call me at 1-800-743-cnbc. or tweet me @jimcramer we have breaking news. i mean you've been hearing this story for hours.

apple crossed the billion dollar threshold. the nasdaq pole vaulted 1.2% a lot of fireworks over there. does apple's epic valuation really matter? actually, yes. you bet it does. particularly for us. we've championed it all the way. apple matters more than the chinese saying they won't stand for president trump's tariff raise from 10 to 25. they don't have as much balance sheet with a debten laden economy and wilting stock market what makes this trillion dollar level so meaningful, simple, apple is the first but probably won't be the last. when microsoft and amazon and alphabet follow maybe it will be a big deal how the heck did this happen a few years ago a company with a trillion dollar valuation wasn't

feasible, considered dangerous, se deficienishtious, maybe the a pending crash. it happened once, in march of 2000, cisco, the internet backbone had a market cap that hit $555 billion the stock was trading at 100 times earnings then cisco lost nearly three-quarters of its value as it crashed back to earth investors are terrified of repeating that experience. now that we've dean that without a tech crash, a lot are off to the races. the artist formerly known as google, now alphabet why was alphabet the first one to cross the trillion finish line and what can we learn from it, what happened here and what was the background one big difference separates apple from "fang."

apple has never been expensive the darned thing sells for 15 times the average estimate and it's more like 11.5 times earnings i mean, you've got to go pretty far down the food chain to find a company that's that cheap. second, apple has been misunderstood for years now. not just a hardware play, it's an eco-system. that's why the company can charge for all sorts of services like picture backup while taking a big cut every time you buy something in the app store wall street values it more than its cell phone business in part because the cell phone stream has more secular growth. the subscription business, we've been big on the subscription economy, it's the most reliable predictable form of revenue why it deserves more than it has and why it could go right through

this trillion dollars market and leave it in the dust apple is not a tech company, a consumer products company with the best devices ever, why it hasmore consumer loyalty than practically any other brand on earth. the hadn'ting never seem to hear it how many have 98% customer loyalty and 98% customer satisfaction the highest, 10, no one believed in, a thousand bucks why does this matter consumer products rarely sell for less than 20 times earnings. we will hear from the best of the best, clorox that trades for 22% earnings you know why the company guided to an astounding 2% growth next year by almost any metric you care to name, apple is a double digit grower and growing at 9.5 billion last quarter yet the stock is much much cheaper on an earnings basis than bleach, clorox

if we simply valued the bleach maker, guess what -- if i say it, will i have any credibility? i will whisper $300 stock 2 to 4% for am is ludicrous, growing much faster than that, talking three times that another 100 points cannot be ruled out. clorox to apple to 300 how can apple start getting the recognition it deserves? we need a brave brokerage house to transfer coverage from the tech analyst, so many nay-sayers to the consumer product analyst. that would be a huge positive. while the company may seem dominant, it still has an enormous total addressable market that hasn't even come close to tapping take personal computers. most businesses don't use apple. you use hp, get a dell, the moment you let your workers pick their own patriotcs they

overwhelmingly choose mac. i know you don't believe me you will see a hockey stick. apple is the third largest cell phone company on earth first quarter samsung shipped 78.2 million apple shipped only 22 million phones but the price point for apple is so high they can take a ton a share especially tell kell subsidies. apple can continue to buy back a huge amount of stock and that's basically what they've been doing. with $243 billion in the bank, the government won't allow any company to buy as much as it wants on any given day at times, these volume restrictions put a lid on apple's repurchase program the stock is undervalue. when a stock in charge of a buy back thinks the stock is cheap, you better believe apple will be there and one reason apple is a terrific buy into any dips and the reason for comfort and

consistency it now trades and didn't used to do that before the big byback, ongoing buybacks six, apple is non-promotional management, appealing. it took a while to get to a trillion let me give you a long term thesis about someone not caring about promotional at the helm. tim cook cares more about the quality of the product than the price. he's taking big risks, earbuds they can't make enough of. sky high price points and every point he is right. that said, cook does monitor the stock periodically more than 100 points ago, may second, 2016, he kept saying the bears were behind me, he came onto this show and pretty much called the bottom. this is an exciting clip >> what i can tell you, backing

up and looking at the larger picture, we're in great markets. we have huge opportunities geographically we have great innovations in the pipeline people love our products they love using our services all of this to me equals great opportunity. your viewers have to decide what they want to do. this is how i feel and what i can tell you >> i say, don't trade it, own it when you heard what he had to say, i hope you did that seven, skepticism has played a huge role in this rally. people are constantly trading in and out of apple everyday. analysts, upgrade, downgrade stock prices seems to scare people it never ends. few have climbed it better than apple. eightth reason, we always heard the law of large numbers would stop their growth point at some point because basically what

goes up must come down the services became a subscription company within a hardware company and the law of numbers seesed to apply. a trillion bucks ain't what it used to be you have to account for inflation. when companies started crossing the $100 billion barrier it was considered wrong to buy them a trillion adjusting for inflation, is not out of hand. it just sounds big while apple may have won the foot race to a trillion, it won't be for long, i think you will start seeing microsoft and amazon in the same club because of how well they're doing. among these three tech titans, i have to tell you, there's a ton of pin action. you saw it today with the nasdaq doing so well. here's the bottom line like the iphone 10 apple stock deserves to sell what people are willing to pay for it. apparently that's a trillion apparently, i bet it's headed

higher, maybe a lot higher andy in indiana, andy. >> caller: i have a question that had great earnings last week in the quarterly report, raised yearly guidance yet no debt on the balance sheet, a new product line coming out soon i'm not understanding the 40% short interest they have i like this as a long term holding and want your opinion. irobot >> i tell you why they have such a short position they've been unable to demonstrate consistent earnings and they don't tell their story. if they wanted to get the stock higher, this is where you go, this is where the investor, who is not the hedge fund splitting it out of apple comes to learn things irobot, you're welcome here. lynn in virginia lynn >> caller: hi, jim my name is jim and i am a real estate agent in virginia i was watching your show last night, your feature on the stay at home culture. i was wondering how you think it might impact the real estate

industry i was wondering. >> sorry, go ahead, i didn't mean to interrupt. >> caller: i was specifically wondering about real estate brokerage firms like red fin since millennials are finally starting to buy houses i was wondering what you thought about the stay at home culture and whether it was a catalyst for real estate stock. >> i talk with this with my wife because she's a broker with a large corporate group, a salesperson. we don't see the relationship frankly because there aren't enough units being built that's keeping the lid on that part of the stay at home i'm so mad, wing stop was supposed to be in that piece and i left it out and wing stop is climbing i didn't push take two, had such an amazing quarter, all i said was take two is going to be really good. i wanted to slap myself but then would knock myself out of alignment. jerry in missouri. >> caller: jim, thank you for all your advice. >> including sonos telling

people to buy it i'm caught up. go ahead >> caller: the cost position is only $90.38. your target on actions alert plus is $130 in the last month been up to $101.78. it can't seem to get over the news of pipeline capacity and i'm worried about the miss i'm a little nervous am i still sitting on a good pick the stock i'm talking about is cimerex. >> i beg to differ that was not a miss, a stock going down i read it three times last night. there was no miss there. they were very good. i will explain that on the next call for alerts. i think cimarex will screw it up why? they have so much natural gas still. it's a great company if they would come on air they could tell us.

the only guy who came on air was one refinery, that stock is up huge and one pipeline company. i good morningly believe they will be up huge next year but i believe only me and maybe the ceo agrees to the trillion and beyond apple deserves to sell for what people will pay for it isn't that capitalism. i'm speaking to clorox find out how the household brand is keeping itself fresh. 6% move today. as troubled as "fang" may be and why investors should circle back to fang can alla baba, the company here continue to be the leader in china stick with cramer. don't miss a second of "mad money. have a question, #madtweets. send jim and e-mail to

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the consumer package good stocks might not have what it takes to win in this industrial renaissance environment and making it attractive with surging costs and transport eating into the profits, just take one look at clorox. fresh step, kitty litter, kings for charcoal, bird feed and floor rocks cleaning products. after the less than perfect results we just got from procter & gamble but the united states reported an encouraging number its earnings came in higher than expected

eight cent above the basis and giving a surprisingly strong forecast for the fiscal year looking for 2.4% sales growth and surged $8 for 6% today can it keep it up? let's hear from the chairman of clorox mr. door, welcome back to "mad money. >> always good to be back. thank you, jim >> the exciting products are what grabs me. you are now finished to another fiscal year and getting closer and closer to your 2020 date i'm reading, we're proud of our annual cost savings more than $100 million for the 11th consecutive year how is that possible >> cost savings is a multifunctional sport at clorox and has been a hallmark of ours and why we've been able to

deliver another strong fiscal year for shareholders with 3% sales growth and 7% sale earnings and 9% earnings growth next year -- last year we've always done well focusing on what we can control in what is clearly a difficult matric economic environment and why we're doing well and have confidence in our strategy. >> people think clorox is bleach, no pricing power whatsoever you have confidence. your confidence in this call about your ability to put through price is unlike any i've heard on in the packaged goods industry what is that confidence based on >> we're taking pricing on about 50% of our global portfolio this fiscal year and confident in our ability to execute that's because we have a lot of experience taking pricing, that's because pricing is backed up by strong analytics most importantly, because these price increases are cost

justified. we're not just taking pricing, we are innovating on our brands and investing in our brands and as a result, our consumers are telling us our brands are better value than the brands that our competitors have and our brand equities are superior than those of our competitors that's what the confidence is rooted in. >> why do you have to wait for your raw costs to go up to do this then? when i read this, i thought, why didn't he take them up anyway, obviously the public knows this stuff is good? or is it because you try to offer value and the customer doesn't say, wow, this got too expensive. >> we're very value driven offering brands to consumers is critical because value remains king to the consumer when we take pricingwe certainly want to remain committed to our ability to deliver brands that drive value

to consumers and make a real difference in their lives. so this is all about balance, this is all about not just taking care of the short term cost wins we have, pricing helps us address, but driving the business with a keen eye on the long term. this is about winning a strategy period one year, three year, five year, it's not about winning the quarter. >> excellent that's what i was hoping you were going to say. i believe this is a sustainable gain your stock had today. several things episodically draw dropping i'm always used your kitty litter, clean paws, big launch, double digit dates how did that happen? how do you double digit gains in kitty litter >> first step, clean paw is the biggest innovation in the category today it's also the most successful one in our recent history.

if you think about kitty litter, there's still a lot of consumer dissatisfaction out there. clean paws delivers low tracking litter that makes sure that the litter doesn't track on your pet's paws an doesn't get into your homes this is one that is very easy for consumers to understood, a great innovation and consumer understood product and we're backing it up with meaningful advertising sales promotion skewed to where consumers are, online almost 60% of our advertising sales promotion dollars this fiscal year will be online, which is where the consumer are, so the -- >> go ahead, i'm sorry i didn't mean to interrupt go ahead we feel like this is an innovation that symbolizes the strength of the clorox brand building power >> the last question i have is online we've seen you go up up up and a thought leader in the category

does facebook create a problem for you with the bad publicity and you just shift it over to alphabet and what they're doing? >> we have great confidencein our capabilities to engage consumers online why we're shifting the dollars increasingly into this space social media is only a small part of our online spent facebook is investing to create a saver environment for our brands and more transparency, so for companies like clorox, in the long run, those are good things. >> wow that's great to know i think people are concerned maybe it's for show. obviously that is not. what an amazing quarter and stand-out and the innovation side thanks so many to ben dorer, champion ceo of clorox what a company clorox

people love franchises that appear to be unassailable. there's nothing like owning a market plain andsimple where you just don't have many competitors nipping at your heels. why the heck do you think people got so hung up on fang to begin with, as close as you can get to monopolies without breaking laws as frustrating as facebook is today, no one is going to leap past them or hop up their leg. amazon has a presence in the cloud, netflix, alphabet, their market share gets larger and larger the same goes for apple, it's unvalued at the high end of the

market investors will pay for that. then, you have companies at war, duking it out with each other everyday it is an anathema for making money. you want to own companies with competition as little as possible the last time we saw competition large it was an ugly thing to hold it reflects negatively on stock prices let me tick down the rivals. wynn resorts, a subpar quarter remember all the work former ceo steve wynn did to stay ahead of his peers plants it this quarter. particularly in the multi-billion roller vip market and why there was a shortfall. when things got tougher, steve put on the gas and took share. now that things are better market share gains are waning and so are the earnings and frankly, i could argue, so is the inspiration. >> what about young china and starbucks? when young broke itself up you were supposed to go for the

starbucks and china, looks like it's just plain ugly kfc, a former beloved place in china, a place couples go to get married. i remember numbers in the double digits and meanwhile, starbucks announcing partnership with alla baba and all sorts of ways to get your coffee without standing in line. the necessity of these moves is why? the competition had caught up with them, as you will hear later in the show when we talk to starbucks ceo, kevin johnson. you never want to hear that about competition, unlike young china starbucks has a plan to get back red robin's stock plunged 3% it is showing a 3% decline in same day stores and don't need a weatherman to see which way the wind blows it's about the burger war.

got to see what happens to shake shaq tonight that's mcdonald's. yeah even mcdonald's is being hurt. occasionally you get a question that can rise above the fray t-mobile keeps winning way anding and had the number of paid customers means they're growing two times faster than at&t, verizon, sprint and comcast combined but even here t-mobile feels the need to merge with sprint to compete with at&t and verizon as they need cash to fight off the next technology, 5d. it may be the only real way to fend off these behemoths if you want to know why some stocks get hot while others are decidedly not. it's all about competition the unassailable franchises tend to give you larger gains than the stocks of companies that actually have to fend off rivals of course, capitalism doesn't work without competition but

your portfolio can certainly live without it. nick in colorado, nick >> caller: boo-ya, jim thanks for all you do. >> of course thank you. >> caller: my question is regarding dunkin brands with the recent news of partnership of starbucks and alla babby opening up services to starbucks in china along with starbucks continuous expansion in china and having a similar price to earnings ratio as starbucks should i continue to hold my position in dunkin >> there would have been a time i would have questioned that and said, it's not special enough. dunkin is very inexpensive prices they don't tout that enough. they've been really strong in terms of growing in our country. no, you want to own dunkin there was a short seller that came on and blasted it i went through what he said and frankly all i wanted to do was buy more >> to joe. >> caller: hi, jim, how's it

going? >> i'm doing real good, joe. how are you? >> caller: great the question about salesforce, seeing how it's been pretty erratic and have other names following the tech and cloud facebook earnings report i'm not sure if i should sell my rather large position to alleviate further losses >> right >> caller: or should i just hold on and let things -- >> let's be careful, joe first of all, i will be talking about this stock next week this stock had an unbelievable move, only a few down from its high trying to squeeze up. i think you should not touch salesforce, and we just bought some for my 130 trust. mark bennie has done a terrific job and i think he will continue to do so we've liked it since it was $8

competition makes the world go round and make some stocks winners and others losers. starbucks just got up in its caffeine fight in china with alla baba. can it keep you caffeinated or too much competition i will sit down we the dow chemical ceo it's time for the "lightning round," stay with cramer tomorrow, kick off the trading day with "squawk on the street." live from post nine at the nysc. >> if i was don rickles you wouldn't have laughed. you would have laughed at rickles. >> rickles was pretty darned funny. you, my friend, are no rickles >> it all starts at 9:00 a.m. eastern.

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and accessoriesphones for your mobile phone. like this device to increase volume on your cell phone. - ( phone ringing ) - get details on this state program call or visit what does starbucks need to do to get its groove back? growing steadily higher for age, the stock of starbucks peeked a few years ago. they had begun to see slowing

traffic trends in the americas and even its huge chinese business wasn't quite living up to the hype and started going down starbucks is not the kind of company that sits on its hands it is trying to invest heavily in the prc even with trade tensions existing. we saw the latest depth of their plan, a partnership with ali baba to bring out new stores and even more? we got a chance to talk to mr. johnson. mr. johnson, welcome back to "mad money." >> good morning from shanghai, china. great to be here >> let's say you're a shareholder of starbucks you've seen the starbucks trajectory in china go from high single digits to low to mid to minus 2. can we listen to this announcement and presume you can get back on a trajectory of

positive same-store sales in china? >> i will remind you we presented a 17% top line growth. most transactions in china is coming from our store growth we had a negative 2% comp same-store sales quarter last quarter. i look at what we're doing with alibaba and digital flywheel, this is like rocket wheel for the digital flywheel in china. this will be an accelerator for our business no doubt. >> let's talk about china. we talked to tim cook about consequences and a report i thought was actually suboptimal and peter navarro, top guy in the white house talking always tough about china. where do you come down on tariffs, what do they mean and what does this announcement do for people concerned maybe there might be a boycott one day of

starbucks or starbucks could be out of it with the prc >> look, jim, we've been in china for nearly 20 years now, in fact, we came to china in 1999, the same year the alibaba group was founded. over that period we have built starbucks china in china for china. we're playing the long game. now, with this deep partnership with the alibaba group, well-known world class tech company based here in china, we will continue to play the long game and focus on what we do and what we do well, premium coffee, a premium experience in the third place and now extending it to the digital world in a way no one else will. the geopolitical stuff that's going on, it will continue to go on we will stay focused on the long game for starbucks in china. >> i presume you have some context in washington. if you get to speak to president trump, what would you tell him about your relationship with

china and how companies in china that are american can win? it's not just zero sum >> we've had a wonderful experience in china, certainly over that period i think the approach that we've taken has been one of approaching the market with humility and respect for the chinese culture and the chinese consumer we've done the r&d we do here in china. we'll tune some of the beverage and flavor profiles and food for the chinese consumer we hire local store -- contractors to build our stores. the store design team sits here in china by embracing the chinese culture and approaching the market in the right way we believe you can have a very symbiotic relationship and grow a healthy business like starbucks in china by taking that approach. >> do you think, kevin, the white house is taking the right approach are they playing the long game are they showing the respect to customers you have at starbucks

in china what do you think about the way that they are treating china >> jim, you know, i step back and say, geopolitical politics unfold all the time across the world. my role at starbucks is to stay focused on doing the right thing for starbucks in every market we operate. we're at over 28,000 stores in 77 countries, so geopolitical issues that crop up now and then are not new to us. the approach we've always taken is, let's be true to starbucks and our mission and core values and do what we do well if we play the long game and play in that mode, we found it to be effective for us that's what we're going to continue to do we'll let the politics deal with the geopolitical situation, we will stay focused on starbucks >> one last question, we saw you dotting the apron when you were at nashville at starbucks. what did you learn from your associates, you're a nuts on the

bolt guy, on the ground guy, not a big political guy, i see you behind with the apron and it suits you! >> jim, i appreciate that comment. i went to nashville two weeks ago for a day to work in our stores because we had just launched a new summer series, new beverages and new afternoon program in 12 stores in nashville. i wanted to experience it first hand i was in nashville, put on the green apron, got behind the bar and listened to our partners, what was working and i had a great opportunity to sit and talk with customers. the fun thing for me, i can go in these stores and put on the green apron and people don't necessarily know who i am. in doing that, they will share all kinds of feedback to me and a great way to learn and bring those learnings back to continue to innovate and improve across the country. >> kevin johnson, coming back and talking about your new and,

yes, historical partnership, alibaba. kevin johnson, ceo, starbucks. -here comes the rain. [ horn honking ] [ engine revving ] what's that, girl? [ engine revving ] flo needs help?! [ engine revving ] take me to her! ♪ coming, flo! why aren't we taking roads?!

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it is time time for the "lightning round" then the "lightning round" is over are you ready, skee-daddy? greg in texas. greg >> caller: booyah to you i've owned this stock a couple years. i'm curious what i should do >> i think you should buy more i thought the chairman acquitted hisself very well when he was on i think fuel could be peaking. to jerry in texas. >> caller: hi, how are you today? ? good how about you? >> good, doing well. i'm calling about a dpe wicompah a cloud-based subscription company you were talking about mid-june, $38.

zuora, inc >> when the stock got to mid-30s we said cha-ching cha-ching and we said when it goes back down you should be buying it and you should also be reading his back about the subscription economy and understand why we like sales force and apple service stream and zoro to susan in oregon >> caller: hi, jim thank you for taking my call i amretired, in my 60s, and i' definitely a long term investor, but northrup grumman has been taking some dips in the last four or five days. should i buy some more >> the quarter wasn't that great, susan, it was not a stand-out quarter. i prefer raytheon had a good holder but didn't hold up. i think that stock is a cheaper stock than northrup grumman because it has greater growth.

let's go to yvonne in maryland >> caller: hi, jim, yvonne from maryland. >> hi! >> caller: i will give you a big avington high school booyah. you can take the boy or girl out of philly but can't take the philly out of the girl >> particularly the accent what's going on. >> caller: i want to ask you about exact sciences symbol exas they reported yesterday with mixed news but revenue was up 78% year-over-year the stock was down 22% after hours and i bought some. it's back quite a bit. what do you say about it >> i'm not going to be against the buy. the stock was down hideously earlier today but they did have to spend more money to get those sales in that's the problem it's the additional expense structure that has to be put on. and that, ladies and gentlemen, is the conclusion of the

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what just happened to the stock of dow dupont. last year, the two largest chemical companies merged. next year, it will break itself up into three separate businesses, agricultural company

and material science company and products play. what does wall street care about? raw costs. dow reported and even though they posted a nice top in bottom line, i like this, with real strength across all businesses, the stock sold off anyway down 2.2% why? they talked about raw costs. i think that may be a mistake. what matters is breakup. as we get closer, i want to introduce you to the individual components trading at dow dupont tonight, we're talking about the sciences division that will be taking the sciences company after the split. they have energy and especially packaging. its sales up an astounding 18% in the latest quarter. there is a lot to like here. my travel trust owns the stock let's talk to the chief operating officer for dow dupont sciences division who will become the ceo of dow chemical

i have to tell you, it was hard call, still dealing with three different companies under one roof and we get these forms to describe what's different, what the companies will look like this division you're running, we're talking double digit gains in businesses i didn't think had double digit growth. is it share chain or high quality? >> we have been investing in the growth and core of these businesses you know we built a big joint venture in saudi arabia with sad dar and that's up and running and you're seeing the full effect and assets on the u.s. gulf coast taking advantage of shale gas and that's up. >> you are basically the low cost producer of what you do produce? >> we are. we work hard to keep improving

the cost position. saudi arabia and the u.s. gulf coast were the lowest places to service the market sadara was built to service africa, asia, china and the pacific gulf coast and latin america. >> a lot of people say they will get killed because of the tariffs. china gets sadara. that matters you don't have to say, we have to stick it to america >> wesaw that the world was changing and the trading block in the americas made a lot of sense. supply chains are tighter, not as expensive for us to move product and the trading block in the middle east to asia and the pacific, a well-developed supply chain there and we played off of that we had a great partner that wanted to build with us and technology we have >> when i mention plastic to younger people they say it's the

size of the island in antarctica and it wrecked the ocean i see numbers, that may be what the millennials are saying, but the world is still going toward plastics >> plastics are a great sustainable story, the most sustainable and fastest growing. we do have a plastic waste problem. at this point in time i've never seen the industry more aligned about tackling that problem. we have been working on a very big initiative you will hear more about in the coming months, to go after this plastic waste issue. >> you have to do that, sir, or else your stock won't be owned by any millennials >> every year we make 400 metric tons of plastics as an industry and they go into many different markets. we're dealing with about 8 million metric tons per year that ends up as a waste problem. it's not acceptable. we have to address it and the good news, the industry has many

solutions to do it they're aligned through the acc, through suffolk in europe and other international chemistry councils we're working on a program that can bring in other value chain partners, ngos, private money, to try to develop signature problems and solutions that are actually going to tackle this issue. >> at the same time, if i am a carbonated beverageperson i have to say the aluminum pricing is priced out, there's basically a cartel among some companies. the only thing that can bust it is plastic are you getting people to switch from aluminum to plastic because aluminum shot up so much >> there is always a trade-off when ever one gets too high or another issue people switch. when they switch to plastics, usually a couple reasons it's the lightest weight package and the strongest, compared to glass or aluminum you can make a flexible pouch recyclable as well and put it in plastic, less

shipping cost, less environmental footprint, better co2 print overall. >> i was on a call yesterday, smart guys and they're talking how you can't afford to do wood. plastics look like wood but much more doable. i'm seeing new uses. are they part of what's driving double digit gains >> exactly and new markets going up it drives packaging. north america, for example, we had 8% growth in our plastics business this quarter. that's a big number. we have double digit numbers in asia pacific and other parts of the world. it's because you have a growing economy and change in markets. people are moving from fresh foods that are not processed to packaged every time we put food in a package we increase the shelf life a week to two weeks on the shelf. that's a big value chain improvement for the owners, the

retailers, the homeowners as well >> the last question people are constantly asking me when, when, when do i have to own it i'm telling people to buy it now because it will be evident to the institutions soon. when do we see you as a ceo of an independent company >> we will be spun out the first quarter of 2019 and you will see a form ten and investor day in november and we will be on the road from that point on getting ready to spin this new company out. >> i don't want to cite the other guys but this company has the potential for great growth and you're good at doing to what you're doing stay patient but i think you have to buy the big cap right now, dow dupont before we get to the breakup. "mad money" is back. you always pay your insurance on time.

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i'm jim cramer, see you tomorrow >> welcome to the shark tank, where entrepreneurs seeking an investment will face these sharks. if they hear a great idea, they'll invest their own money or fight each other for a deal. this is "shark tank." ♪ with a product she believes will help cat lovers everywhere. ♪ i'm rebecca rescate. i live in yardley, pennsylvania, with my family and my loving cat samantha. a few years ago, we were living in a tiny apartment in manhattan. problem was...as soon as you walked in our front door,