the versace deal which could happen but i think it got knocked up over it. >> grasso. >> menard's had incredible headwinds. earnings october 3rd i'm still long. >> jamie dimon is dreamy, as is discovery communications. tt est for us here. see you5:00. for more "mad money" starts right now my mission is simple -- to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere. and i promise to help you find it "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to make you some money. my job isn't just to entertain but to educate and teach you, so call me at 1-800-743-cnbc. or tweet me @jimcramer on wall street the two most dreaded words in the english language are long and term

you think that would be more threatened by regulatory oversight but our government is so pro-business those things seem like fairy tales. right now, long-term is the last thing a big investor wants to hear when you talk about long-term earnings the hedge funds guys will smile and rush to sell your stock. today's action, s&p losing 0.35%. the long-term stories got crushed while the shrgs players right now like bang saw their stocks soar. no one ever admits they hate long-term planning that would be sacrilegious but this is a case where actions speak louder than words. exhibit a, jamie dimon, the ceo of jpmorganchase spoke about opening 50 new branchs in the philadelphia region. he explained they would lose money in the first year. but as you'll hear for yourself if you stay tuned for our

interview, dimon is optimistic there will be a payoff traders hate hearing about down the road >> boo >> they want instant pay back. so jpmorgan stock dropped nearly 1% the texbook version is really the stock of come cast t down 6% why. comcast won the bidding war for sky and because many investors despi despise long-term investments they had their worst day in nearly three years granted comcast paid a pretty penny for sky, it prompted some to downgrade the stock greg moffett said the company grossly overpaid for sky and the deal could not be justified. [ buzzer ] >> ouch. i think these bears have got it backwards. long-term thinking is essential.

short-term think something dead end. look, investing is a leap of faith. you either believe it or you don't. when it comes to jamie dimon i'm a believer i couldn't believe him if i tried to quote the monkeys jpmorgan came out of the recession with the best global franchise. if jamie dimon says inner city philadelphia is a lori bergamotto investment who am i to disagree planting seeds in neighborhoods underbanked. as i drove away from the location of the new shoot where we did the piece with jamie dimon just a few blocks from where my mom and dad went to school in a once thriving neighborhood, all i saw were shuttered storefronts. the only thriving operation was a check cashing business it sounds like a community that could use a bank we own it for my charitable trust. follow along i remain a steadfast buyer even here how about the stock of comcast this one is simple i like comcast because we've

seen this movie before they've done two gigantic deals over the years buying at&t broadband in july of 2001 and snapping up nbcuniversal october of 2009. each time it fell 7% as they were viewed as too risky 7% sound familiar that's how much it was down most of the day that short-term verdict and last two buys was overturned by long-term appeal comcast gained 392% since the at&t deal closed beating the s&p 500 which is up 349% over the same period and it's up 425% since the nbcuniversal deal announced crushing the 220% gain from the s&p i think they've earned the benefit of the doubt comcast knows what it's doing. just take a listen to what ceo brian roberts said to me when i interviewed him on opening day on nfl season in philadelphia. >> our job is to not let that distract us from the mission at

hand build value for the shareholders if you said what are you most proud ofment my dad took it in 1972 if you bout a thousand share, 7,000, you would have $12 million, 17% xountsed return for 48 years and put it in the s&p 500, you'd have about 750,000, about 15 times less money. so we're looking for value opportunities, we're looking for strategic fits and we have a management team that likes to build shareholder value and so sometimes when we see something, we by definition you're the high bidder at that moment it takes time to convince people you have to prove it. >> a lot of people remember those things this is a what have you done for me lately business in this case also a pernicious story line comcast doesn't like its current business because of cutting and with the cable business they're enjoying a renaissance, technology initiatives and voracious desire for more bandwidth. this is given comcast so much

cash flow that the company can quickly pay down the massive amount of debt it's taking on to purchase sky and it is massive this is much less risky than the market seems to believe. more important, comcast doesn't get much credit for that bountiful carbonneau so why not do something else for it buy back stock, no one cares used to be regards as a growth stock but once the justice department decided they would no longer be able to acquire other american cable companies, they blocked it and fell out of favor and brings us back to sky. here's a premiere cable asset in europe with a footprint that double comcast's total households sky has fabulous assets including the rights to the premier league, aka soccer, the most popular sport in the world. and, sure, comcast was getting no respect so they decided to get their growth groove back by making a deal that will let them expand

fast and hard. call me a buyer. now, the average drifted down all day because our tit for tat tariffss are a reality this is a trade skirmish not a war yet. 10% tariff on 200 billion in goods, comes just $20 billion and we're a $20 trillion economy. that said he indicated that could change if things keep escalating whenever investors worry about a slowdown they dump the economically sensible stocks and flock to fast growers that don't need global trade or of course trade specifically with china or global growth in order to deliver good numbers and that's why f.a.n.g., facebook, amazon, netflix and google had a -- the other f.a.n.g. did better, diamondback energy this independent oil producer soared more than 3%.

the last tim experts were euphoric and they quickly collapsed. this time there is no hoopla bottom line, this market wants growth but not every company with pivot to becoming a f.a.n.g. overnight some take a long-term view a diversified portfolio has room for both even as the st. croix often punishes long-term investments in the short run when it comes to jpmorgan and comcast, they know what they're doing and it's a terrific buying opportunity in a ridiculously shortsighted market. to joe in california joe. >> caller: hey, how are you doing, jim great to be on your show. >> thanks for coming on. what's going on? >> caller: just a beautiful day here yet again >> there you go. >> caller: listen, a longtime shareholder in alphabet and facebook since before you called

them f.a.n.g. and lots of negative news in the last few months and i'm curious about congress i think it's congress looking into what i believe is political bias and i usually like to ignore being political in nye decisions when i invest. at what point do we need to pay attention? >> i'll tell you, i'm not political. pretty simple answer you have to be worried about it and cognizant when it starts costing these companies money. that's why facebook, i think, is business is slowing and expenses are going up that's why for action alert plus.com, lower that facebook position because i think that their costs are going up for precisely what you just talked about. jeff in nevada jeff >> caller: jim. >> jeff. >> caller: jeff from las vegas let me just tell you, first off, 25 years of mad respect for following you. love what you do for the people. >> thank you thank you so much. jeff always great to hear

really appreciate it thank you. >> caller: the reason i'm calling, we got las vegas stocks here, las vegas sands, wynn, i've been concerned about wynn without the main man steve wynn captaining the ship but now these tariffs and how they should play out for the casino stocks. >> i share with you what i say is a general wing concern that steve wynn not there, wynn can't be as creative or well run because steve wynn for all the issues that may -- that may have happened was by far the best operator in the space. and so, therefore, we pulled back, been trying to recommend some of the domestic casino companies and don't want to mess with macaw or anything having to do with china. look, i have to tell you, skirmish, war, it doesn't matter, it's real bad for business all right. remember that sometimes when you need is a dose of patience to see through the long-term initiatives that companies are undertaking. they can't all be gross centric

f.a.n.g. plays after all on "mad money" my exclusive with jamie dimon. i've got the chance to sit down with the ceo in my hometown as the bank expands to philly you're not going to miss this. then, is there still meat on the bone when it comes to investment in animal health? i'm eyeing the latest play in the space to take the tape now, i got to tell you something, there's a very special appearance by adam schefter, espn's most high-profile news breaker with a terrific new book so stick with cramer >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question, tweet cramer, #madtweets send jim an mail at madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss something, head to madmoney.cnbc.com.

- i love my grandma. - anncr: as you grow older, your brain naturally begins to change which may cause trouble with recall. - learning from him is great... when i can keep up! - anncr: thankfully, prevagen helps your brain and improves memory. - dad's got all the answers. - anncr: prevagen is now the number-one-selling brain health supplement in drug stores nationwide. - she outsmarts me every single time. - checkmate! you wanna play again? - anncr: prevagen. healthier brain. better life.

are you one sneeze away from being voted out of the carpool? try zyrtec®. it's starts working hard at hour one. and works twice as hard when you take it again the next day. stick with zyrtec® and muddle no more®.

designed to save you money. wireless network even when you've got serious binging to do. wherever your phone takes you, your wireless bill is about to cost a whole lot less. use less data with a network that has the most wifi hotspots where you need them and the best 4g lte everywhere else. saving you hundreds of dollars a year. and ask how you get xfinity mobile included with your internet. plus, get $300 back when you buy a new smartphone. xfinity mobile. it's simple. easy. awesome. click, call or visit a store today. when president trump signed the massive tax reform bill into law, company after company told us they were paying workers one time bonuses or boosts dividends

and stepping up buybacks but it's not exactly ylg for the economy. however a few companies decided to go in a different direction jpmorgan, the world's largest bank, sure they continued to buy back stock but you know what else they did with that extra cash, they announced a plan to invest $20 billion over five years in order to raise wages and expand their businesses including new bank branches and more lending today we learned concrete details when they announced a major presence in philadelphia opening 50 new branches committing to more than $3 billion in home and small business loans as a native philadelphian this is something i can't ignore, we checked in with jamie dimon earlier and the longest serving chief of the major banks watching "jacques alley" you saw part of it but we had a lot more to talk about so take a look jamie, i'm looking around this area banks can still make a difference i'm so used to the squares and

thinking bricks and mortar are dead it's clearly not dead. >> no, a million people visit our branches every day, even like the average millennial visits three times a quarter and so then -- but the branches change in size they morph they get smaller, more dynamic atms do more and less people, more advisers, financial advisers, small business, mortgage advisers and adding all the digital, p2p realtime buying stocks for knee self-directed investing. more education around fico scores and how to save mon, doing all of it. >> i have an image of jpmorgan from the history books and an image it's the rich person's bank you are talking about millennials and neighborhoods like this standing on its head what jpmorgan is >> yeah, well, jpmorgan name is really been used for global investment banking, private b k banking, chase and retail one are nationwide and do 60 million

households across the full spectrum, lower to middle -- chase private client we started that like eight years ago, there was one branch, chase private client which gives financial advice in 4,000 branches and going quite well, thank you. >> why could citi not make it here they spent $50 million to help this town, philadelphia and closed and the term they used was unprofitable why should it be profitable for you. >> again, i don't know their issues we are carefully hoping 50 branches obviously they will lose money in the short run but, you know, we hope -- not hope i'm pretty sure after five, six years of making a million dollar a year profit not like mcdonald's but when we come in town, we have credit card, mortgage, auto, retail, those banks will serve local community organizations, they will serve private bank client, small business client, in fact, our average branch something like 25% of the business is the local small business guy who

needs a branch down the street to drop off currency, coin, do contracts. sign merchant process -- >> these are things integral to the comeback of a town, yet, at the same time i remember tony west, associate attorney general saying about your settlement we wanted to make sure those who were responsible for conduct that contributed to the worst crisis since the great depression accounted for their actions. we want to be able to secure an acknowledgement of what happened from jpmorgan with a factual statement. that statement of fact is important as money and held you accountable for bare and washington mutual. where is the due process >> it wasn't >> none. did they ever show you the 13 billion, 2 billion there. >> we asked -- my board asked can we show it they didn't. the government should look at that and, you know, at the time people were so angry, legitimately we didn't cause the crisis, but they were made but i just prefer to look forward now. we grew right through that and took care of our clients through that i don't agree with a lot of things that mr. west said but

that's -- life, i'll write my book about all that. >> you're writing a book. >> i'm going to write one one day. >> i don't see jamie dimon slowing down at all. >> no, i love what i do and just got back -- >> you're the longest serving. >> you know, lloyd and i are good friends and i will miss lloyd. he'll still be a friend and i'll still see him but the board and i announced, obviously it's up to the board but i'll stay for five more year, personally and speaking for the board, we believe there's several people in the management who would do my job today so i think they'll have a choice that's good and can change it at will that we have a lot of good people in the pipeline who can do the job. they're do it differently. but hopefully we'll leave behind a great company and he can take it where they need to take it next 5 to 20 years. >> a number of ceos, president trump is a ceo bloomberg, thinking once again hat in the ring, howard schultz going back and forth isn't it time for a ceo to run, i'm not sure what party

affiliation you have, maybe non but one from the banking community or is it too soon. >> i thought a billionaire in new york couldn't become president and president trump did. i think it's probably too soon for a banker mike bloomberg was mayor of a city for 12 year, did a great job. he's very smart and knowledgeable. get the best and brightest he has to make his own evaluation whether it makes sense to do it and ceos might have the skills to do it but doesn't mean they have all the skills political skills are real and they develop over time and, you know, i think good policy, good administration, logic, facts, analysis, cost benefit is not democrat or republican i do think skills could be helpful in washington. i think good policy -- >> jamie, it sounds like you did jem evaluate whether you should run and whether you should wind up your term and say, listen, i'll explore it. >> i have not explored it. >> you have not thought about it with friends, with --

>> friends have mentioned it to me and i thought about it -- i haven't done any real official investigation. >> how about unofficial? >> no. i mean, it was on my mind because people mentioned it but it's not what i want to do i don't think i would be good at it i'm not a political person, per se. >> you are tough ever and smarter than some of our politicians. >> i shouldn't have said that. >> that's kind of unequivocal. >> i was joking around what i should -- i should focus on policy that matters we have serious -- we have the greatest country in the planet but issues around infrastructure, inner city school, development of neighborhood, affordable housing. the opioid crisis, getting back to work, income inequality needs to be fixed. >> the politicians in your view politicians have let us down or let meese theme down and bankers have to take up the slack because we're in a new country and a new economy where the cap

t -- capitalists have to step us because the politicians failed us. >> 85% work for business if we don't have the strongestny, we won't have job, wages or innovation. that we need then you have to figure out how to solve the problems some things you need to do in government, set the highway sideline so it works well and you still may have problems that need to be fixed like income inequality so i do think we need to work on tax credits, maybe a negative income tax to help lower the living wage and policies that are -- that's why you see them people say work for the big companies but it didn't work for us segments that didn't work and i think business working with government and civic society can lead meme on the ground and fix these issues that government can't alone do and business can't alone do. >> the city of brotherly love welcomes you

what do you think is going to be right in these say 50 blocks what do you want it to look like when you come back five years from now. >> hopefully more affordable housing. hopefully a chase branch or two down here. more small business, a couple of schools graduating kids getting jobs, that's what we want. and gentrification is always a possibility but if you do affordable housing right and jobs right you can avoid some of the gentrification >> thanks, jamie dimon people tell me all the time i have the craziest job,

the riskiest job. the consequences underwater can escalate quickly. the next thing i know, sheswfft it's like, hey, thats mine! i want to keep doing what i love. that's the retirement plan. with my annuity i know there's a guarantee. annuities can provide protected income for life. learn more at retireyourrisk.org annuities can provide protected income for life. not long ago, ronda started here. and then, more jobs began to appear. these techs in a lab. this builder in a hardhat... ...the welders and electricians who do all of that. the diner staffed up 'cause they all needed lunch. teachers... doctors... jobs grew a bunch. what started with one job spread all around. because each job in energy creates many more in this town.

energy lives here. the thing you need to understand about the stock market, it's not always very bright money managers generally aren't too thrilled offering the stock of big complicated companies with lots of moving parts and would be rather spoon fed

smaller ones that's why i'm such a huge fan of breakups. when a company spins off part of its business as a separate entity they're giving wall street what it wants, a good breakup can give you prix outperformance versus the rest of the market. i know this can sound like pure alchemy creating value out of thin air with the stroke of a pen but that's how it works. we're always on the lookout for break numbers that might fit the mold ee elanco. initial public offering and it spiked 50% on the first day. $24.36 and investors laughed it up i get it it makes sense elanco looks like the stock wall street adores. i have a been pushing the thesis

of the humanization of pets. as we treat them more like members of the family here in america, we spend a lot more money keeping them healthy only a dog is just like having a kid except dogs sometimes obey your commands and never hit you up for money nobody ever gives you funny looks when you tell them you want to get your dog neutered. when i was younger if your pet got sick a lot of times your parents would take it to a nice farm in the country and never be seen again these days people shell out foretunes keeping them alive our dog has a slipped disc and pulling out all the stops to get him better including a cocktail of expensive drugs with no insurance, no co-pay plain ole cash we don't care. whatever it takes. we created them a month ago. it's why stocks like idex has

been such terrific long-term performers and have precedent for elanco and pfizer spun out its own animal health division and even if you don't count the initial spike that's given us a 189% gain double the return of the s&p 500. could elanco be the next zoetis. they're the number one maker of medicine feed additives. they're a major developer of anti-parasite drugs and have treatment for osteoarthritis, ear infections and other common pet problems however, elanco is about livestock than pet, about 6 % of its sales relate to food animals. it's a play on the protein worldwide. we're about how we love to eat

chicken and fish, particularly ceo jeff simmons told me salmon. so why does eli lilly spin off a business like this it started mulling the idea a year ago and after conductina months' long strategic review decided an ipo would be the best way to unlock value. amd as long as it was buried within a drug company, now that it's an independent entity because in practice eli lilly still owns 0% of the stock they're focused on investing heavily in their fastest growing categories three-quarters of the r&d budget is going to companion animals therapeutics and the future protein business meaning yummy chicken and fish in theory i like how it looks. what about in practice, getting a read on the actual numbers here is a little rough their futures are entangled with

eli lilly. it is impractical to estimate what our stand-alone costs would be i found that baffling. i mean, but with that after yacht in mind the numbers don't look that great. their sales have pretty much been flat for the past three years which is surprising for a company that's got exposure to the humanization of pets and voracious appetite for protein in comparison, zoetis high single growth and idex when you look at the gap numbers, so to speak, elanco has been losing money for the last three years. even adjusted metrics have been all over the place investing is all about the future, not the past how does it look for them going forward? i like they're investing in companion animals and the fish and poultry segment of the livestock business, well, that's also a little worrisome. why? because the one area that they don't call out as a growth category is their largest

business, swine, pig, cow, goat, sheep. that accounts for 41% of their sales last year. sounds like even they're not exactly enamored of their core business so where do i come down given they summed 15% on its first day of trading and pulled back i think it all comes down to valuation. i like that this veterinary drug couple is doubling down on the humanization of pets and absolutely would be a buyer, no doubt about it if it came down the right level so what is the right level okay, before we talk about valuation i need to reiterate these are back of the envelope calculations, we're still in the quiet period following the ipo meaning analysts would work for the investment banks that took them public can't count on it for another four week, normally when we value stocks we hook at the earnings estimates but there's no consensus to coverage. however if we double their pro forma earnings to get an annual number it's selling for 36 times this year's earnings again, very rough calculation. even so if it's a little

accurate it is more expensive than soetis. that's puzzling. it's much cheaper than idex at almost 57 times earnings but idex has rapid growth. i don't think the elanco value can be justified maybe that will happen maybe once the analysts start rolling out coverage they'll see something i didn't see and give the companies much higher earnings estimates it's possible. but there's something else that worries me here. eli lilly still owns 80% of elanco and will distribute it to their own shareholders when that happens next year it could create some real volatility you got to be ready for. here's the bottom line as much as i like corporate breakups and humanization of pets and rising popularity of chicken and other proteins i can't represent elanco health right here versus zoetis or idex for growth.

this could be intriguing but not until it goes lower or get more reason to believe the growth is accelerating stay on the sidelines or visit our favors for the best risk and rewards. tina in tennessee. tina >> caller: hey, jim. first i wanted to say you know how at the beginning of the show you say you're not trying to make friend. >> that's true >> caller: well, i think if you did a tour, you could fill all the u.s. stadiums with all the friends you've made because of all the money you made us. >> thank you very much >> caller: i wish you would. >> thank you >> caller: i wish you would. thank you so much. i'm looking to add a pet stock to my portfolio and i know that pet health care is hot >> yes. >> caller: i've been looking at pet i.q. i saw it today giving a public offering of common stock and also saw that they hired a new president. susan soltis who i'm not

familiar with and wondering what you think about this as an addition to my portfolio >> well, i do like the company very much. that's not that big an underbrigunde underwriting it could give you an opportunity to get into a high growth company so certainly going to endorse it if you can get it on the equitying often that's a real good place and thank you for the kind words which mean the world to me. there is a lot to like about the stories surround elanco but i think it's in need of a pullback and would like to see that i'm sitting down with espn's adam schefter to find out more about the man in the suit and tie rattling off nfl reports companies bought back $189 billion of their own shares in the first quarter. does that make it phony? don't make a before you hear my take it's different from the rest

all your calls rapid-fire in tonight's edition of "the lightning round" so stick with cramer i'm april kennedy and i'm an arborist

with pg&e in the sierras. since the onset of the drought, more than 129 million trees have died in california. pg&e prunes and removes over a million trees every year to ensure that hazardous trees can't impact power lines.

and since the onset of the drought we've doubled our efforts. i grew up in the forests out in this area and honestly it's heartbreaking to see all these trees dying. what guides me is ensuring that the public is going to be safer and that these forests can be sustained and enjoyed by the community in the future.

i don't say this enough but some things are more important than money things like family last week i had a chance to speak with espn's adam schefter, perhaps the besty fantasy team this time we had a much more serious question he wrote a great book called "the man i never met: a memoir" which is a reference to his wife's previous husband, who lost his life in the world trade center on september 11th. it's a fascinating and deeply relevant story so take a look. >> adam, we all know you as probably the great sports reporter of our era and what we didn't know is you're a diarist and sober reflector upon what happened on 9/11 "thing i've re if a long time seems out of character with the man we see on espn explain who you are, explain who

j joe malo is. >> i think sometimes people confuse people with their professional personas. i know you're closely associated with money but you are a brilliant man and know so many things about so many different aspects of life and in this particular case this is a story that initially ran on espn on the 15th anniversary of 9/11 it was a tribute to my wife's late husband who perished that day. it was a way to honor his memory and it was a way to salute my wife for the toughness and bravery she showed after 9/11 raising a 15-month-old son on her own. they just moved out to a house on long island a month before. they were in that house when 9/11 happened. and her life was basically -- had a wrecking ball taken to it. so, this book is a way to honor joe's memory, to give hit son a chance to better know his father, his biological father, and for everybody to get to know the great joe malo and this was a great man, jim. >> i want to talk about joe

because i knew cantor and i know people who did business with joe. i never told you this. he was a larger than life figure who scratched a business together out of personality, you never met him but you did get to find out who he is and tell other people about him in this book. >> well, joe is somebody who oddly enough fascinates me and i can't imagine that there are very many people who have ever written a book about their spouse's first spouse. certainly not in a flattering way. but joe is somebody who passed away, lost his life at the age of 32. >> at cantor. >> he was a hitter >> a big hitter. and was enormously successful and had a huge future ahead of him and had his life snuffed out for him before it began and it is the sliding doors of life that day in the afternoon, he had to be in connecticut

and he weighed the decision what should he do should he go straight to connecticut? should he go into the office in the morning and decided to take the ferry to lower manhattan to the "worldwide exchange" trade center and we know what happened that day but he was an incredible man he was revered, respected. charismatic, charming, great character, handsome, everything that you'd want in a man, everything that you want your daughter to marry and, again, the tragedy that happened that day snuffed out his life. >> a lot of this book is about the i feel the attempt to get on past september 12th and how hard september 12th was for people. >> uh-huh. >> and how much you played a role in your fabulous wife's renaissance but at the same time it's never going to change it's still always going to be a part of september 12th. >> 9/11 is there every single day and i know we commemorate every year and i know my wife feels line it should be done more often people, our country remembers all the victims and all the

tragedies that happen to so many people, thousands of people here on the east coast. but that is something where this story represents not only a tribute to joe and to sharri, my wife, but a sign that life does go on. that there is hope after grief that there is -- there are heartwarming stories that come out of heartbreak and that is a big part of this book and i think that's part of why the piece that initially ran on espn on the 15th anniversary, it resonated so much with so many people, it touched them, moved them, inspired them and that led to the book because that 6 1/2-minute television story turned into a 200-imagine much more detailed, much more personal book. >> last question, how about the irony, we all know you as the fantasy football goof. fantasy. this is more than reality. this is a tough read, adam, and not because it's not because you're a bad writer but it's

tough because it's so the opposite of fantasy. >> you know what it is, it's life and my wife sharri says all the time that everybody's got something. so these are our somethings. here to see and it goes to show you that life is not some instagram post that we see every day where everything is great and joyous and happy all the time we have a lot of happiness in our life we all do but there's some sadness and reality as well. >> and this is how people are remembered and when people stop talking about a person's name, that's when they disappear >> well, joe is not going to disappear. >> absolutely. that's adam schefter, espn analyst and author of "the man i never met," which is a must read but also a sad must read with hope at the end. "mad money" is back after the break.

i'm ken jacobus, i'm the owner of good start packaging. we distribute environmentally-friendly packaging for restaurants. and we've grown substantially. so i switched to the spark cash card from capital one. i earn unlimited 2% cash back on everything i buy. and last year, i earned $36,000 in cash back. that's right, $36,000. which i used to offer health insurance to my employees. my unlimited 2% cash back is more than just a perk, it's our healthcare. can i say it? what's in your wallet?

today's senior living communities have never been better, with amazing amenities like movie theaters, exercise rooms and swimming pools, public cafes, bars and bistros even pet care services. and there's never been an easier way to get great advice. a place for mom is a free service that pairs you with a local advisor to help you sort through your options and find a perfect place. a place for mom. you know your family we know senior living. together we'll make the right choice. at fidelity, our online u.s. equity trades are just $4.95. so no matter what you trade, or where you trade, you'll only pay $4.95. fidelity. open an account today. as a business owner,5.

you need to comply with countless regulations and laws to keep your workers safe and happy. but if things go wrong and an employee takes action against you, legal fees to defend yourself can be huge, even if you're not at fault. employment practice liability insurance helps cover these costs. trusted choice independent insurance agents represent multiple insurance companies and customize coverage to help protect you and your business. announcer: to find an agent, visit trustedchoice.com >> announcer: "lightning round" is sponsored by td ameritrade. it is time time for "the lightning round. >> buy, buy, buy >> sell, sell, sell. [ buzzer ] >> then it's over. are you ready for "the lightning round. joyce in california.

joyce. >> caller: hey, jim, how are you? >> good. how about you? >> caller: i'm great so, i want to know about bluebird blue, what do you think. >> these are all spec plays and i like it very much. all the bioteches look better. i like gilead. joel in pennsylvania joel >> caller: hi, jim thanks for taking my call. >> of course >> caller: hey, jim, my stock is simple tot >> it is a winner in this environment with oil going up and not stuck. i say yes. to alan in nevada. >> caller: happy monday to you, jimbo from sin city, loas wage, nevada hey, jim, i know you're high on retail segment of the ark and not high on the pot stock, no pun intended

what about croc? how does it look >> i have not looked at crocs in years. that will be fun to look at. i used to like it a lot then a couple of shortfalls let me do some homework. to georgia in florida. georgia, florida >> caller: hey, jim. it's nice of you to take my call what do you think of silica holdings. >> no, no, i don't like the fracking-related stocks. i think that business is slowing so let's be very careful i need to go to rocco in pennsylvania rocco. >> caller: hey, jim, how are you doing? >> i'm doing well. how about you? >> caller: i'm doing well. curious about what your input is on nucor steel company. >> i'm being patient with nucor. i think they should have had a better outlook recently. they have to stop having one-time problems or we'll have to change our view

to chris in florida. chris. >> caller: hey, cramer boo-yah from west palm beach, baby >> man, i wish i were there. what's going on? >> caller: well, i have international paper like you told me a while ago but i'm thinking in the future like, you know, plastic straws and plastic going down. >> it makes sons of sense but i have to tell you not translated to earnings. why? because people feel there's so much capacity coming on. a lot of types when you can't see the capacity coming on like with micron that's what happened to micron stock. you end up being in a situation where you say, wow, what is the hidden problem here? it's capacity. let's go to tom in illinois. tom. >> caller: hey, jim, how are you doing? >> i am good how about you, tom >> caller: good. i'm just calling to see what you think and what your opinion on nokia. >> i don't have a catalyst i don't know why i should recommend it other than a 4% yield and that's not enough to

pull the trigger for let's go to l.t. in washington, d.c. l.t. >> caller: hey, boo-yah, jim >> boo-yah >> caller: l.t. from d.c., the ticker i'm inquiring about is baba >> i like baba but do not like china and will stay away as long as we had the trade skirmish and that, ladies and gentlemen, is the conclusion of "the lightning round." >> announcer: "the lightning round" is sponsored by td ameritrade esitation? eh, it just feels too complicated, you know? well sure, at first, but jj can help you with that. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to main st. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? it's just complicated. step-by-step options trading support from td ameritrade

today, life-changing technology from abbott is helping hunt them down at their source. because the faster we can identify new viruses, the faster we can get to stopping them. the most personal technology, is technology with the power to change your life. life. to the fullest.

you know i'm an excitable guy but nothing gets me outraged like journalists who assume ordering investors home gamers like you are too dumb to understand the workings of the stock market that's my take every time i read another story bemoaning the stories about buybacks making them phony companies repurchased $189 billion in their own shares in the first quarter and that might have even grown bigger in the second quarter that is i auninto increase from $137 billion in buybacks we saw in average in the six quarters before president trump's tax reform then they give you the usual litany of companies that pumped up their earnings with buybacks. union pacific, southwest, apple among so many others but i got to tell you this whole line of reasoning really misses the point. look, when companies first started doing buybacks they were novel. many fund managers didn't actually recognize their power and reacted positively to each

earnings beat purelily by a buyback shrinking the number of shares common denominator but over time money managing got wise and every time you get a buyback engineered it's called out as being manufactured more importantly while the earnings growth at buybacks create may be dubious they do have a real impact on the stock market as a whole. remember, markets are all about supply and demand and they do a terrific job of sopping up supply we have a seemingly endless wave of savings coming into the s&p 500. this has not been slowed by higher evaluations or by rising interest rates and hasn't been slowed by tariffs or baby boomers hitting retirement age the money coming into the market via index funds has defied every prediction the experts tell us there will come a time we have more money coming out of the market than in and that hasn't happened why does this matter there's only so much supply of stock to go around and this voracious demand keeps

pushing us higher. the lack of new equity shall witness bycans and misunderstood buybacks you have the makings of a genuine stock shortage buybacks and acquisitions take out a tremendous number of shares far more net curtailers than issuers and because there's so much flooding flooding ininto t, they act as if they're stock buybacks too look at the major holders of large capitalization companies and see the same shop schaeff-- stockholders time and again. i see them often 20% of outstanding in companies big and small and many also have colossal stock buybacks. remember, the index funds don't care how a company arrived at its earnings per share they don't care about the earnings, period the only thing that matters is whether or not your stock is in

the s&p 500 index. this creates a major imbalance between the supply of stock out there and demand for it. that's where the stock shortage comes from and buybacks exacerbate it. this is basic economics 101. when something is short supply the price tends to go up and they do artificially inflate a company's earnings per share growth year over year stipulated myself but these days hardly any investors are being fooled by oracle which prepurchased 5% of its shares or cigna which bought back 16% the only ones fooled are the journalists and pundits and don' to the endless buying of the index funds. stick with cramer. this is huntsville, alabama. aka, rocket city, usa. this is a very difficult job. failure is not an option. more than half of employees across the country

bring financial stress to work. if you're stressed out financially at home, you're going to be too worried to be able to do a good job. i want to be able to offer all of the benefits that keep them satisfied. it is the people that is really the only asset that you have. put your employees on a path to financial wellness with prudential. bring your challenges. wow, the new iphone really exceeds all expectations! yup! and, by getting the iphone with our unlimited plan, you can get the best in entertainment. tv and movies? yep. music? if you want. that video of you at the office party. the one where i made out with santa? yes. hey! you were supposed to delete that. oh no! technically, that is also the best in entertainment. he ghosted me! 'i'm in the north pole' - yeah right. upgrade your upgrade. get the new at&t unlimited plan on the amazing new iphone. more for your thing. that's our thing. not long ago, ronda started here. and then, more jobs began to appear. these techs in a lab. this builder in a hardhat...

...the welders and electricians who do all of that. the diner staffed up 'cause they all needed lunch. teachers... doctors... jobs grew a bunch. what started with one job spread all around. because each job in energy creates many more in this town. energy lives here. there is a chance that's the last time. 300 miles per hour, that's where i feel normal. i might be crazy but i'm not stupid. having an annuity tells me retirement is protected. annuities can provide protected income for life. learn more at retireyourrisk.org it's always encouraging to

talk to jamie dimon. the ceo of jpmorgan. because he's professionally positive and i think that it's worthy to listen to a guy who is just positive, plain and simple now, speaking of positive we're heading out west going to dream force and to speak to a lot of other ceos we'll have drew houston and marc beniorr and kevin mandia and others trying to find out what's going on in investing in america. i always say that's a bull market somewhere i promise to find it right here for you on "mad money. i'm jim cramer i will see you tomorrow. in thisf "american greed,"

carlos wanzeler and james merrill become internet hotshots through videos like these as they peddle a dream-come-true work-from-home opportunity to people who are desperate to succeed. very poor people, people that had two or three jobs. narrator: and as these kinds of videos go viral, so does the scheme. hartman: it was like a religion. people wanted to invest every single last penny they had. narrator: spreading their message to almost every country in the world, they con 1.8 million believers to shell out $3 billion on their bogus business. we put another $4,500, and then, a couple months later,