>> mike. >> i like selling the 165 puts in mcdonald's in earnings. >> qqq 30% of the nasdaq 100 reporting wednesday and thursday qqq makes sense. >> big week for earnings that does it for us you next friday. . my mission is simple to make you money. i'm here to level the playing field for all investors. there's always a bull mark 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 are on the fence, they want to make money. my job is to entertain or teach you. tweet me at jim cramer this, this is the most treacherous update that i can recall we have more blowups in high

growth stocks, more disappointments in tech. more sadness in health care. and they're offset by just a fantastic pair of rallies with procter & gamble and paypal. it seems the dow gained 65 points, s&p down and the nasdaq was off .48% it was a very ugly, beautiful session. if you want to know what's working here, it's the companies that can't be crushed by the fed or the trade war with thoin n. fairness, that is a shrinking group. i'm calling for a reprieve from the grind and we'll be at it next week. let me give you the game plan. kimberly-clark reports monday morning, procter & gamble gave us fantastic knobs, congratulations to david taylor. i have to tell you, it's going to be a tough one to follow. their sales picked up

dramatically, the stocks surged 9% they very tough to own proctor gives people hope. let's see if kimberly-clark can keep hope alive. we also hear from hasbro they have been put through if worst of the toys 'r' us collapse i doubt the company will be able to transfer numbers yet. if they can't do it this quarter, they will do it next quarter. layoffs there? brian holder is fantastic. he's doing everything he can tuesday is the most couple hours in the earnings season caterpillar, mcdonald's, those are the big ones i am most concerned about 3m, unless the company announces significant changes, i figure it will die down again thanks to weakness in autos. it is a shame, 3m stock is now down 66 points and it still hasn't been able to track any substantial buyers it's incredible. my travel trust owns it. it's been painful and hurtful.

it's funny, it's not just a balk off its 52-week high, it has tremendous strength in wireless and could yield. united technologies can finally close on this rockwell, this stock soared questions what, they need chinese government approval to make it happen that's been elusive to say the leave. climate control, omiss tis elevators and my fraft aerospace. today, honeywell reported a monster good quarter i was so thrilled. i walked in and said, wow! someone talked about tariffs and next thing the stock is actually down, which, in fact, it's pretty insane. it's mighty hard to trust the industrials. the feds are not exactly making it easy, either. since united technologies has housing exposure, chinese exposure, pass

caterpillar should be tripping a link to china slowing. link to construction in this country slowing, living to mining, eh you look at how united rentals got annihilated. they got annihilated after reporting a solid quarter. more on that later it doesn't bode well mcdonald's on the other hand could be, yes, the son of procter & gamble eighth coiled spring it's a dynamite story about the return to growth in the u.s. all these guys are a fabulous executive. he is invigorating company sales with franchise pleasing numbers. they are important and with great technology and a lot of good, thoughtful ideas wednesday we hear from boeing. the area ro space industry is so strong, even some negatives about china, not that i expect any, can't derail this story i bet they will talk about the burgeoning service business. which like with apple has terrific margins and not to mention, of course, they have an insanely large backlog at boeing you want to see how time warner

is doing don't you? i think they will regal us with the greatness of their faster growing media division but i'm concerned we will hear about that worrisome balance sheet. it's lagging dramatically behind versus this morning, morgan stanley booted them off the buy list talking about all the dreams that didn't pan out. when i see a downgrade that close to when it reports, i have to say, i think it will be a do you doozy of a quarter. i hope they can see how weak some parts of this economy really are please get on the call, fed. on the other hand, i do expect a blowout number from microsoft. it's a stock i own in my travel trust. now you can follow along with what we reason saying and doing, joining the dot-com club i'm focused on azure, amazon still is the leader. we get results from vis a, a

beloved financial company and i expect it to deliver a solid quarter from american express and paypal visa is always a buy on any weakness leading up to earnings. i'm talking about, oh boy, here's one amd reports. the problem here is this stock has run so traumatically this year, that that set the bar pretty high in itself. >> that said, those expectations are set rapidly. amd is down 30% from its highs, including a hideous 11%. i do not like how the stock works. it's not working right it's acting badly. if you already own it, i don't think you should pick up any more i think you should wait if you don't have any to buy it thursday's huge. it kicks off with comcast, the parent network, which i think will stick to its kniting and talk about profitable growth much more than the acquisition of sky so far the stock will be true to form the last two times comcast

did big mergers, the stock reacted poorly they crush the averages when people finally understood how good the deals work with shareholders i think the decline is over, it's ready to run. we heard from merck. you can always judge how the quarter might be coming by looking at the stock in competitor bristol-myers right now, i suggest merck might be doing very darn well. after the close, am that bet and intel report the first will be fantastic. intel will not be fantastic but perhaps light. it isn't parable just like amd the sidebar set so high for amazon and apple. i don't know if you should buy them ahead of their quarters now the stock versus come down if they miss, you will get an excellent opportunity for two stocks by our lifetime i don't see much risk at taking a wait-and-see approach here just like netflix, it might not aech matter. wow, they have risk-reward

finally, friday, we have colgate, speaking of a high bar. oh my, for all we know, it took market share from colgate. it used to be much more savvy in the markets. the etf all went up even when it should have gone down. pass bottom line, here we go. another tough earnings week. py watch word remains the same if the company has any portions tied to china or the fed, then it's stock will be guilty until it is proven innocent and even then i wouldn't expect the jury to acquit. wow. okay why don't we go to james in georgia, please. james. >> caller: good afternoon, mr. cramer thank you far owl your sage advice >> of course, james, thank you so much, you are very kind what ki help you with? >> what is your opinion, eriddium communications, irdm, their announced partnership with

aws, is their stock set to take off? >> you know, we recommended this stock years ago at 8, 9, 8, 9, it never did a thing candidly i think it's taken off and the a story is done. i want to go to alex in the great state of oregon. alex >> caller: mon senior, cramer. i love you for all you do. i have been for the last four years of freeport-mcmoran. any idea it's china it's china related we don't touch anything related to china nothing. nothing at all it's just you can't. it's just too dangerous. all right, next week is one of the toughest earnings, why because they all report at the same time. if a company is tied to china or the fred, be concerned, be careful. paypal added a verb to the english language, just venmo me.

they capitalize on digital diplomacy. i got to see the earnings. then united reynold's stock is down 30% year-to-date. what is happening with the company? where should you go from here? it is not an easy call may i just tell you? i am just flummoxed how badly the stock acts inflation is not the issue i'll explain just stay with cramer. >> announcer: don't miss a second of "mad money" follow at jim cramer on twitter. tweet kaymer #madtweets. send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com.

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what no one on my block has done before. forget that. what no one in the world has done before. all i need access, tools, connections. high-speed connections. is the world ready for me? through internet essentials, comcast has connected more than six-million low-income people to low-cost, high-speed internet at home. i'm trying to do some homework here. so they're ready for anything. good news still matters. and that's how i felt watching paypal stock surge higher today. for the past month, paypal has been getting slammed as that brutal sell-off of previously owned stocks

investors panicked, decided to ring the register, which is why paypal stock is down 12% very much a shoot first and then ask questions later scenario, if they bother to ask at all. we knew paypal was doing great from my charitable trust, you can follow along last night the bulls got sweet, sweet, vindication they beat the guidance for this year and next. paypal grew. the ven mo division saw a 78% increase no wonder the stocks surged $7.30 or 9.4%. star of the day other than procter & gamble do not take it from me let's check in with paypal's chief financialosis. hear more about the quarter and where the company is headed. welcome back to ""mad money"." >> hi, how are you doing

>> i'm doing well. you had a standout figure this quarter. >> yeah, that's probably the thing we point to as the most successful thing in the quarter. that's an all time record for us we're at a rate that's over 30 million on an annual basis for net new activeles. you see our platform become more relevant we now have over a quarter of a billion customers on our platform >> well, you know what, i have to tell you, john, there was a time even maybe a year-and-a-half ago, our conversation would be how bad have you been hurt by ebay and separation i think it's probably getting to the point, i cannot wait until it's finished because of all the big deals you can do once you are totally disentangled >> yeah, jim, it's interesting if you look at our quarterly results, the non-ebay part of the business grew 28%. it was the part of the business that relies on ebay grew and you are right, as you note, we announced a couple big

partnerships in the quarter, one was wal-mart, another with american express we now have agreements with all four of the major networks it translates into the first point you made, that's adding new actives, customers to our platform as it becomes easier for people to involve a payment instrument or use us in other methods, you see more customers come to our platform. >> i can't tell you who was more excited about the american express deal, you guys, on the conference call, american express thinks it's good to be gigantic i'm talking needle moving for both your companies. >> yeah, it's very exciting. american express customers will now be able to within the amx app be able to pay their friends through paypal or ven mo, at the same time they can use their membership rewards points to shop at many of the millions of merchants paypal has across the world. >> i think we have to mention the venmo modernization.

you told us, listen, we modernized paypal when people said we couldn't this was the dewaquarter where people use the ven mo, tell us how that's going it seems quantum >> it's a bit of inflexion price. you are right, roughly one in four venmo customers are using venmo in a way that we're able to monetize, that could be with using venmoto shop online. it could be using our physical card and in a store, or it could be using the instant catch withdrawal, so they can transfer funds immediately into their bank accounts. again, we saw a growth as you noted in your opening comments of almost 80% of total volume for ven mo in a quarter. it's the second quarter we have grown at that rate we're excited what we are seeing with this platform >> there are other companies that talk about how they can

unseat venmo if you don't mind, can you explain to people that don't know about it the millennial's that use it don't just use it to pay. it is about an expression of what they do and where they have been >> it totally is and it's very different than the demographic of you and me, jim, where, you know, maybe we don't want to share all of our payments with our network of friends, but that's the way that this millennial demographic is using payments it's a sharing society so what venmo effectively is, is a way to share when your social network all of the payments that you are making and sharing those social experiences at the same time and it's interesting it's almost viral among that demographic. just this week, my teenage son asked me if he could have a venmo account. >> that hits home for me >> mine used it for a long time and love the emojis when they pay a bill it's not where i'm from. they want everyone to know they had a great dinner at some place.

now, we shouldiot overlook the fact that you are spewing cash, you are buying back shares at an incredible clip. after today you ended up with good prices. >> yep i tell you, there are very few companies, jim, i would put into the same category as us. we're a high growth company. but we also generate a tremendous amount of free cash flow for a growth company like ours we're putting that cash to use just this year, we put almost $6 billion to use, either through buying back stock or going and acquiring companies for growth we're excited about the ability to use our sheet as an asset going forward. >> sometimes i want to dream dreams of what you can do. i keep thinking of what dan shulman. he made a point to many, he says, listen, we are the instrument of the unbacked i keep thinking, facebooks, what's app people who don't have bags, billions of people what are

unbanked, it really is, we're small minded if we think just about how you might add 5 million or 7 million we're talking about a billion addressing the bull mark, correct? >> you are exactly correct it's interesting for me in my capacity as a cfo to work for a company that is doing well financially. but we also, few look at our mission, we do good. and if you think about your point, you've got i believe the number is 2 billion people in the world that don't have access to traditional financial services that you and i take for granted like a checking account or a banking account financial inclusion is a part of our mission. the 2 billion people is roughly 70% of them have a mobile device this is where our value proposition shines, where we can put all of the power of mobile commerce into their hand >> i want to congratulate you and dan for doing what you said you would do and much more great to see you, sir. >> great seeing you, jim

>> okay. this one, fellow, and ladies, is not done going up. that's how big this quarter was. "mad money" will be back after the break. - 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?

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thing is down from the beginning of the month so what happened here? what is this well, part of the problem is that united reynolds is an

incredibly sick electrical company. they ran out construction equipment. which means the fed signals it's going to keep raising interest rates, making new building more expensive, everybody on wall street knows that's bad for business that's the lens you need to look through in a potential fed mandated slowdown. i mean, stocks like united rentals, they have become totally toxic. so when the company reported wednesday night the stock got thrown into the wood chipper in fairness the quarter wasn't actually bad the headline numbers were great. there was a little i'd say a lot of what i would guard as little niggling issues that when taken together gave the bears a lot of ammo the bear is right. maybe not, in this kind of environment, investors are increasingly afraid of the fed, justifiably so, all ran hollow nobody wants to give companies

like united reynolds the benefit of the document right now. it's ricky they believe that if there is a slowdown, you or i's earnings are going to get obliterated, hence the hideous decline in its stock yesterday. okay i want to walk you through what happened in detail because this exercise will get -- maybe -- i got to put this in content. some people don't get it at all. so we will get to the heart of what's bothering this market right now. we will use this as an example, as an an a lock a metaphor it's an extreme version of what's going on all over the place. first, let me set the stage. six months ago i would have told you they didn't deserve weakness, i did if april and the stock pulled back. the management didn't raise the forecast but that was when we were having a synchronized global expansion

and the u.s. company was on fire united rentals could make a fortune. nobody was slamming on the brakes to tame inflation back then tariffs had taken the steel to prohibitive levels, something we heard from the brilliant barry sterling of property trust who provides financing for all kind of buildings nobody is talking about housing, we heard from the lennar housing calm nobody in the federal reserve was saying they need to overshoot by raising interest rates four work times in rapid succession that was the big picture backdrop the macro, when we heard from united rentals on wednesday night. what about the macro-specific stuff? in july management raised guidance the stock barely budged. why in one line item, pricing. the company taupgd about how rental rates got -- talked about how rental rates got softer.

this is the kind of thing that makes you worry. each as management assured us this was tougher year over year comparisons. united rentals has been on a shopping spree in july they snapped up baker corps for $715 million in cash giving them more exposure to tank, president trump filtration and soaring equipment. in other words if you want to build a pipelineing permit, you might want to use them n. early september, they told us they were buying blue line rental, one of the ten largest rent am companies in america for $2.1 billion. at the time they were viewed as a strong catalyst the stock surged back to the low 170s a month ago. hey, it makes sense, if you believe the economy is going to stay strong, it's fantastic. man oh man, if you worry about a fed mandated slowdown, this is the wrong time to double down, the equipment rental business, like they picked the wrong time to get even bicker in what they

do and earlier this month, wall street suddenly became very concerned such a slowdown might be on the table, which is why united rentals was getting pulled before it reported. once again they delivered slightly better than expected sales and earnings, once again they raised the full year forecast seems pretty good, right that's certainly what united rent amounts thought they were trying to see good mark demand going forward. this time the stock got beaten to a pulp. which begs the question, how does a company lose the value with better-than-expected guidance like i said before, there were a lot of little things that bothered people, for united rent amounts, the key metrics aren't sales earnings those numbers i gave you don't tell a tale. the key numbers are rental utilization, rental rates and

time utilization and how much that equipment gets represented out. rental rates came in at 2.1% >> that sounds okay. here's what the problem was. wall street was looking for 2.5. wall street 2.5, united rentals 2.1. the numbers deteriorated from month to month the time utilization went from 100 basis points >> that is actually not great. it didn't help while the analysts were freaking out, management didn't think they were a big deal. i think they were complacent the company argued rates were pretty good. more important, they meeting great profitability the analyst asked over and over why pricing wasn't as good as expected finally teach fisher from ubs asked point blank, in april in this call we were talking 2.5%, the 3% rate growth reasonable for the year the potential being better now it seems we're closer to 2%.

so i guess i'm wondering, what changed? you you'd think the analysts were trying to cre xrat a negative story basically, rates are where they were expected. what itself twhat's the problem what else? they funded acquisitions and management, they'd be fine borrowing even more money doing more deals so it's what you want to hear, in a rising interest environment. on top of that united rentals used to be a voracious buyer of what it's own stock they've shruchg the share cap 22% since the end of 2013. in april, they authorized $1.2 program, set to be put to work by the end of next year. when the company reported on wednesday, what did they say they told us they're pausing the buyback. until they finish asquireing bl-- acquiring blue line. it's much easier to buy in the weakness if the company was

buying next to you before this happened, you know it was it wasn't a trump stock. now more at these levels united rent amounts sells for 6.4 times next year's earning estimates >> that suggests money managers do not believe they will be able to hit those estimates is absolutely anything wrong with united rentals? probably not the at the moment, i think the company is doing just fine you see, that's no longer the issue with stocks. the bottom line is they have become a proxy for the business cycle. when the fed gets too aggressive and brings to a conclusion the business cycle investors look for any excuse to became because they know the numbers will be crushing the slowdown so be careful. until the fed relents, we could see many more cyclicals get crushed after reporting good quarters that just happen to have a slight amount hair on them pete in arizona, pete. >> caller: hey, jim, how are you

doing? >> i'm doing well, pete, how about you? >> caller: jim, i'm doing great, just getting ready to watch trump in arizona here. >> all right >> caller: i want to talk about harley davison, i have been a long-time rider. harley-davidson is going to kind of change things they've come out with a lot of thick e tech, 2022, they have 15 modems coming out. it will change the stock in the company the biggest problem i see harley-davidson has is there a glut right now, over a million used motorcycles in north america. harley-davidson has to clear out these old motorcycles to make room for new ones. one of the problems they have is their dealer networks sell 3-to-1 user motorcycleles. to me, as a shareholder, i want the corporations to make money >> okay. pete, here's the problem they report next week, i think you can't look through what could be a bad quarter

we can look at it after they report not until then mainly you need to know the demographic is no longer good enough to support the stock price. period, end of story i think united rent amounts is doing just fine. it's acting like a proxy for the larger business cycle which we know is turning down i say be careful, until the fed relents, more cyclicals will get it like you or i i'm reveal the name when i turn into tonight's homework. fed field trip why i think he'd benefit from seeing what's really happening in silicon valley like we do and what it means for our employment situation it's all about the homework. and your calls, rapid fire, tonight is the lightning round so stick with -- cramer! alpha seems more elusive today.

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you know me, whenever i get a question i'm not prepared to answer, i take the time to get the answer i circle back and give you when i'm prepare. let's get it to. august 21st, peter in indiana called him about a company smartsheet the idea is smartsheet helps you share information. you don't need a xurtd science degree to make it work thank heavens. i'm torn about these service stocks, on the one hand, i believe they have terrific

businesses i think they'll be the major winners. on the other hand, the market has become suddenly hostile to this group it is one of the ones in the tape the fed keeps talking inflation. inflation is deadly to growth stocks since it means that they're big earnings down the road, many years from now, we'll have a lot less purchasing power. there is only so much mo into go around for the sector. >> that becomes plain toxic for the group. smart sheet does, in particular, have impressive growth some of the highest we've seen, management gave strong guidance. while the stock has been a huge winner since it went public in april, it shot up on the first day of trading, the darn thing has been crushed in recent weeks, just crushed. after surging to nearly the 34 in early september, the stock has plummeted to 24 and change as of today.

what's changed this is so difficult nothing when i comes to the actual company smartsheet the numbers were fabulous when they reported a month ago this decline is about the money managers trying to take profits while they still have them because they're growing more and more elusive by the day, including today. good news smartsheet is down 13% when it was trading. peter asked me about it. before it reported in that amazing quarter. >> that means you are getting those terrific numbers for free. the bad news, sma readysheet's stock is very much out of favor, which is why it lost another 5% today, that is a trade shared by the whole das dardly cohort. i don't want to dismiss this out of hand the companies 50% plus growth don't grow on trees here's how i look it a it, sma readysheet seems similar to one of our clouds growing at 40%

when it priced on sales basis, they traded roughly 11 times next year's numbers. all told, i'd rather go with the move proven company, when you have ratios to sales, the stock price to sales, it's dicey, honestly, though, if you want to buy either, i think you can afford to be patient, pick them a little and wait for more position, because i got to tell you, it's become very gut wrenching for this group now, let's talk about a grou that's not gut wrenching and one that's fun, one that will actually -- i thought i had one of these, let me go into it. next up august 21st, bob in california wanted to know about funko funko sells pop consumer products like figurines for fans of movies, tv shows, video games, sports teams, musicians

you name it. in other words, they sell jet skis you might have heard of their brands like pop and dorbs, the one with the really adorable big heads. if you are my age, well, it may completely escape you. but the younger generation really seems to like it. now, when this company funko reported, it blew away others and with 32% revenue growth they roll out new products and expand all of the place well, it's begging for you to pay attention. but there is another growth stock put right through the meat grierpd. it has been sell, sell, sell, obliterated in the past month. it's coming public 12 bucks a little less than a year ago. funko has been a wild trader it has plunged to 18 and change, it's down roughly 40% from its highs. once again, you see what happens when money managers ring the register to not give up

products, which is a classic september/october rich warm. while it may have been a broken stock, it is not a broken company. >> that is a company with accelerated revenue growth versus 21% last year, accelerated growth or arg never goes out of style for long plus, funko is actually profitable >> hallelujah! >> it's set to earn 93 cents a share next year. that's profit, not sales at these levels the thing is selling 20 times earningles. that's crazy cheap on top of everything else, funko had major deals, earlier this month we found out their products will be on sale at, where? wal-mart, starting this week funko's little toys are perfect stocking stuffers, the kind of thing you say give your kid on the fifth night of hasn't nukka they're also going to sell toys

inspired by fortnite the hottest videogame on the planet right now. candidly, i've got to tell you, that gaming business, wow, did you see activism blizzard? they crushed it. august 10th, they reported a much, much, much, better expected quarter 31 a few weeks later now it's back down to 18 you are practically getting that quarter for free, i'm giving you my blessing to buy funko remember, it's only for speculation, it's a small company. even if you like it, you must tread carefully. stick with cramer.

it is time -- it's time for the lightning round -- owe and then the lightning round is over are you ready, ski daddy james! >> caller: boo-yah, jimmy. i wanted to say thank you, thank you from my wife michelle and i,

you have given us so much good stuff for the year >> it makes me feel so good. how can i help >> great, eli lilly took a position i want to know your thoughts >> i think it's very good, it's had such a run i cannot buy at these levels >> i need to go to luis in north carolina >> hello, jim, luis in north carolina, a long time since we talk, how are you? >> i am doing well, i hope you are, too >> caller: yes, indeed, health savings accounts are big for people like me to buy insurance for their own. >> yes. >> caller: i love this stock i know to need if you gave us the full treatment on health equity. >> i think it's interesting. i think if they decide they want to get in that niche they can do it well. i don't know if there is a big enough moat there. great you called richard in new york. richard! >> caller: mr. cramer, so nice

to hear your voice, truly the wizard of wall street. you need to know that because of your constant dill begins, it allows me to retire early. >> wow >> thank you very much, god bless you. anyway, after a crazy day at the mark >> okay. >> it gives me a better understanding. >> all right >> i need to have a better understanding about a stock that i started off to buy for the long hall, i'm concerned now, it's general mills high end. >> we feed blue bop, even the baby form to bob marley. there is an unbelievable video of bob marley playing with that rescue i have to go to twitter. >> that said -- it's on twitter. it's on twitter. but here's the problem, i don't like the stock they took down too much money to pay for blue buffalo they overpaid. they bought stock much higher, they're selling lower, that is

not my kind of company you have to go see bob harley on twitter. skwot scott in north carolina, scott >> caller: all right, jim, how are you? >> i am doing well, how about you? >> caller: great, i watch your show every day >> thank you >> caller: my question is about gopro, gpro. >> i think gopro will have a good holiday season. they got all new stuff i think you trade ache i need to go to ronlner maryland roger. >> caller: stock is maryland what's going on with stock in this group in. >> this is people saying the business cycles, reach a conclusion it's all about the fed. and that ladies and gentlemen, is the conclusion of the lightning round! >> announcer: the lightning round is sponsored by td ameritrade

[ music playing >> jack be nimble. jack be quick. jack - >> marley looks real good, he's a real sleeper tomorrow canada legalizes cannabis >> ham will youia! >> no, you jokers. we stop? >> you used to look like this in your younger days. >> the spartan championship. love it. curry is tolding the signs up, that's curry it's not an indian food, it's the way i pronounce kerry. kerry, so today was brutal, no doubt about it hi i want to know what i'm paying upfront.

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i made a point of going out so silicon valley multiple times each year. every time i come back with two conflicting sets of emotions, i'm incredibly proud of our companies and how they make our lives easier on the other hand, i feel so bad they will put so many people out of work. make no mistake, that's what innovation does. that's one reason i'm so appalled by the fed. it's like they stepped out of a time machine from 25 years ago

when silicon valley is laying waste, it lets them fire people. the fed is obsessed with the disaster never mind we're not a full employment the labor force pertispation rate is above 66% before the financial crisis unemployment is below 4% because so many people were looking more jobs. the fed is oblivious to what's going on here the crowd isn't shutting down packers or people out of%. it's a subtle displacement i think it can do a great deal to keep it in check the people are losing their jobs because of soft worry and sales force aren't going to serve tables at a casual dining spot in new york city it's a skills mismatch it shows all these hundreds of

thousands of jobs created when we are told we are auto full employment ask yourself something, where are these people coming from we wouldn't be creating new jobs, wages would be screaming higher, that is not happening now that's why i think the fed chief should wait them out, walk them back. the work force being destroyed by tech is not easily slotted back into the industry i think it will happen or g organically people need a safe retirement they will accept retraining by necessity. all this cost saving technology will be more obviously inflationary it's a double edge sword let's say you are a retailer, you will hire people to work with you on the web, as long as you develop that omni channel business, maybe you can be

thrive what happens is there is no ability to catch your breath and regroup, then you get a sears holding. something that causes mass unemployment i know sears seems isolated. hardly a week negotiation by because they can't compete on the web. if i were a fed? some days i wish i were. i want the open market companies to get the ones destroyed by the hour otherwise the fed will do a better job than rate hikes ever kouchld every minute, they are trying to think of a way to eliminate waste and duplication. that's business finding ways to fire people. remember the fed there is more than it seems the courtesy they call industrial revolution you need to give all these

displaced people time. they'll come back to the work force in places where they're most needed. in other words, can you stop and reassess given what i put out, they dictate hitting these isolated by tech people to get another chance at a job. stick with cramer. 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. because when you want to create an entirely new feeling, the difference between excellence and mastery, is all the difference in the world. introducing the all-new lexus es. a product of mastery. experience amazing at your lexus dealer.

if it's caught between china and the tariffs and the federal reserve and the multiple rate hikes, then the stock is going lower. that was the lesson this week unless it reported a spectacular procter & gamble-like quarter. you end up seeing stocks go down so we have to be careful until the marks are sold and people are saying, you know what? maybe, maybe we have to bottom i don't know yet i promise to find a bull market for you. i'm jim cramer i will see you monday!

>> 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." ♪ dawer: my name is lauren padawer, i live in cordova, alaska, and i'm the founder of alaska glacial mud company. besides running my company, i work as a commercial salmon fisherman. being a salmon fisherman, you have to love being out on the water, and you have to love taking risks. it's not so different than being an entrepreneur and being able to stick your neck out there to do something you love.