it's still going lower. >> guy. >> impervious. not a great haiku word because it's only four syllables but big cap pharma has been impervious >> see you back here tomorrow with more. "mad money" starts now madmoney.cnbc.com. 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 save you some money. my job isn't just to entertain but to teach you put it in context. call me at 1-800-743-cnb or tweet me @jimcramer. has this market become a slow motion train wreck it sure seems like it.

after a hideous day where we started strong then reversed into the red, dow only plunging 245 points s&p plummeted 0.6% but the nasdaq, 1.63%. do we need to start thinking about selling everything and going into cash or is this business as usual? do we have other analogs we can rely upon? i've only counted selling everything four times, october 15th 1987, october 8th, 1998, march of 2000 and october of 2008 three were dead right and one was dead wrong and almost destroyed my hedge fund you want to understand today's breakdown, the dow fell 560 points before rallying to only close off 245 points you need to have context knowing how these situations played out first the crash of '87 going into the year things

looked good. the economy had accelerated and sto stock market was flooded with japanese money in the '80s they had no qualms about purchasing stocks at any price. it drove up valuations at the peak selling 29 times earnings incredibly robust economy. crash curtain. first we shed 500 points from the 2700 level and hideous beginning of october then we had black monday and terrible tuesday which knocked off about 800 points in two days all told market lost nearly 60% of its value in a few weeks' time that made today's session look like a child's play. how did that come to pass? a group had been selling portfolio insurance which basically used futures to stomp out any fund down 5% but the s&p futures were relatively new back

then down 5% insurance kicked in and led to sell orders and wipeout it was like throwing gasoline on an already burning building. now, here's the thing. these failed portfolio insurance products, generally not insuring anything but the economy was doing fine year later if you bought right before the crash you made back all your losses. if you were cash like we were at my hedge fund, the crash was an amazing buying opportunity i was very wrong in october of 1998 when i said get out the market had been weak for much of september. long-term capital is a huge, stupid hedge fund that had blown itself up. may not sound like a big deal but it threatened to bring down many banks and the fed was oblivious. i sensed a total collapse or feared one

my own had redemption. i panicked and wrote a piece called "get out now. alan greenspan had an emergency rate cut with lots of liquidity. do i want to repeat that mistake if the fed is willing to change course this time they did it once they can do it again they can do it again unlike 1998 i nailed the dotcom crash in 2000. remarkable run in the late 1990s. then the rally accelerated with most tech stocks flying into the stratosphere two weeks later i told people to sell how did i know it was coming the stock on the street and i

witnessed the stock price along with many others as the smarter operators flooded the market with new shares. no one was buying. it wiped out a trillion dollars of capital they never came back but the overall impact of the economy was negligible so while the tech-heavy nasdaq got owe bliss -- obliterated, f.a.n.g. seems overvalued and these are much cheaper than all the tech portion was back then i would not be shouting like i did in march of 2000 that it's time to go there is a financial crisis in 2008 systemic in nature remember the others weren't. deeply rooted. federal reserve pushed us over the brink with rate hikes. obviously there were a lot of

other problems but if the fed had been more dovish the crisis would have been much less severe they couldn't see the rot underneath back then and the rest of us paid for that sound familiar now i bring up these four examples because they are so darn relevant. we have our own slow motion train wreck and it combines some of the worst characteristics of those four '87 machines ran roughshod over the buyers now toal algorithms and etfs down for 16 out of the last 21 sessions which is like october of '87 except this time we only have two more days until we get to november. the dotcom bomb in 2000 went off because of reckless underwriting second the whole thing collapsed. when i told people to get into

cash in october of 2008, when the dow was around 10200 i got a lot of hate mail the conventional wisdom was i was being insanely irresponsible. march of 2009 and now 1998 i screwed up and misjudged the resolve of the fed a few days before greenspan's rate cut, i think he was totally clueless once he got clued in he did the right thing. which brings me back full circle right now the stock market is saying it's in for rapid deterioration like 2008. we have a fed that's unaware of the danger like 2008 and we have a president hell bent on putting tariffs on everything the chinese sell unless they change their ways. both are horrendous headwinds but there is no systemic risk. a normal cyclical downturn linked with '8sty7

valuations strong economies can roll over quickly. auto, semiconductors, paper, housing, construction, all going south. that's what the stock market is screaming but the fed is tone did he have to its cries for help i will say this, if the fed doesn't reverse course like it did in '98 we continue a long -- not a 2007 path but a 1987 road. it seems obvious to me it's not good for stocks may like it for the country. two different things, bottom line, i tell you to get out now but i've been saying this weeks and weeks on end we could have a mini version of 2008 if the fed doesn't change course or perhaps 1987 if the machines get too far out of control, our one hope if fed chief jerome powell wakes up and

maybe will shift gears then we can bottom and even more higher but as long as powell stays committed to the december hike, lockstep without thinking and blinders and the president stays committed to expanding tariffs than history says we have more downside no matter what. jeff in tennessee, jeff. >> caller: boo-yah from rocky top. >> all right, man. >> caller: i was curious if the oil majors, bp have pulled back enough to be accidental high yielders. >> i am saying yet that they can buy pb, the old british petroleum because it yields 6% so far i've been wrong but i agree. it's an accidental high yielder. so far i've been wrong i like to say both henry in texas henry. >> caller: hey, jim, happy october 29th question about intel

they had a big year rising, positive news about new contracts, upgraded satellites to almost 500% gains do you think intel and other communications companies working in emerge markets like africa has been good for the future >> in february it was at 2, now 27 my take is that i don't really care how great it is, i would take out half right now abut i would not put new capital in that the market isn't that good right now. the fed and president will determine if we bottom but i think we may have more downside if things don't change "mad money" tonight, which is more toxic, the fed or the president's tariffs? hats off to red hat and ibm. ceos of both are joining me tonight after their $34 billion deal and from winter boots to down jacket, columbia sports

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past anything that stands in its way. ...well almost anything. leave no room behind with xfi pods. simple. easy. awesome. click or visit a retail store today. after today's craziness here's a relevant question what's more toxic, still higher tariffs on chinese goods or a federal reserve that keeps tightening and tightening and tightening honestly it's a tough call at this point both are plain horrendous today for example the market was cruising along just fine until the trump administration let it be known it will be tariffs on

all chinese products if the next round of talks bring no resolution and saw a horrific plunge that took down pretty much everything and makes a ton of sense it's rational. the market has been getting respect for the fact that trump won't let the dow jones industrial interfere with his action against the chinese in the same time we spent decades pressuring the soviet union it looks that way with china. wall street has never been a fan of the trade war and lately it's begun spreading to main street it's bad for stocks, period. but is it as bad as the fed? this morning we got pretty tame personal income and consumption numbers which brought a sigh of relief from investors who fear the fed will keep raising rates. the figures were not too hot and not too cold yes, the fabled goldilocks scenario which investors thought could soothe the hawks including

loretta meister and i got to tell you she had tough talk friday how the stock market won't deter her thinking i doubt today's numbers will cause them to change the minds just as trump is going to stick with his tariffs regardless of the action of the stock market crazy thing is how dumb the market can be. for much of the day the retailers were higher and plaintiff that personal consumption figures with weak has in amazon caused the federal reserve to be more accommodativ resulting in a better holiday season so that group took a header making everyone who bought them at the top look stupid every attempt has made people look like bow szos except thoseo

bought red hat it makes for a precipitous course the president's instance jensen on tariffs makes it difficult we'll get any help from worldwide growth higher rates and taxes are setting us up for a difficult year not to mention 2019 unless something is does to ameliorate the house of pain. a scattering of sectors and recession stocks tried to make a stand as did the banks which should have been up in the first place but the overall sense of this market is that there's no place to hide particularly in the dreaded f.a.n.g. names especially now that amazon and alphabet allegedly disappointed. i want to be less hard line. unless someone from the fed takes notice of the rot underneath and someone from the white house recognizes our goal with china is to get them to play fair then this market is going to keep falling. between the intransigence of the fed and president things are not looking good for stocks.

both these problems are man-made weier means they can be solved but leaders need to change their minds and so far neither seems to occur fred in new york, fred >> caller: jimmy, thanks for all you do for us home gamers. >> you're very kind. >> caller: jimmy calling about alibaba. they're getting killed should i add to my position? >> you can't we got a cold war going on with the chinese. stay out of these stocks i'm doubling down on these unless something changes i don't see anything changes no, you can't own chinese stocks tough enough to own american stocks the fed and the president double trouble unless they recognize the damage things, let's just say, don't get hurt big blue announced it will buy red hat to get into the new hybrid cloud industry or at least try to dominate it ceos explain it ahead. one company that managed to stay in the green columbia sportswear and how

tech, taxes and home assist are getting top leaders in silicon valley to talk don't miss my talk with the ceo of salesforce. so stick with cramer max, what do you wanna do today? [ bark ] ♪ [ car honk ] no idea huh? i got one. today we will steal christmas, in style. it's go time. here we go max. [ barking ] let's see what you've got.

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i don't want to let this hideous day or the facts that they've become a train wreck distract us from the fact that

there are still pockets of good news ibm acquiring red hat, integral to helping other businesses embrace the cloud. ibm is paying $190 per share in cash which is why red hat's stock surged nearly $53, 45% red hat had been down in the dumps after a couple of less than perfect quarters and ibm is eager to double down to diversify away from its slower divisions and after the latest quarter greeted with a thud i think they could use red hat's help and, yes, vice versa. while ibm's stock was punished it is a very good move for the company. we need to take a closer look at what it means for ibm and the cloud. earlier we got a chance to talk to ginni rometty to learn more about the deal take a look. ginni and jim, great to have you

here ginni, you have spoken about reinvention of ibm how important it is. how important it is to have a strong ibm for the country this is the reinvention we are looking for. >> this to me is resetting the entire cloud landscape and it's the next chapter of cloud, jim as this jim and i have often talked the first 20% of the cloud is the easy stuff that clients have done. this next 80% is mission critical secure work that's got to move and that's what this is about so we're reinventing ibm to be the number one undisputed. >> that was a bold claim. >> yep. >> that is gutsy to say. >> it's a 1 trillion mark. 1 trillion emerging market and i just -- jim and i were both talking since we announced it hundreds of notes from clients all reinforcing, yes, this is what we need this is perfect. what they need as they move this 80% they need someone who is going to put it hybrid cloud and what that means depending on the kind of work you're doing maybe

it's data that has to stay on my premise in a private club. maybe it's okay to go to amazon or aws ibm cloud but, boy, somebody has to manage all of that, decide how to move it, keep it secure and don't lock me in on an answer and that's what jim and i get the choice to or chance to do together. >> we've been gigantic supporters of redhat i know you've told me you're switzerland but so can you be switzerland and at the same time go up against what could be amazon web services and azure, microsoft? >> yes, we can so first off, as we talked about it we're keeping red red so red hat salesforce will be completely neutral and continue to work with microsoft, google, amazon, others and our sales teams won't be swhou inceomehow

to not do that we can help accelerate amazon, google, microsoft businesses at the same time ibm can be opinionated and take what we're doing, do it in a native form and on ibm's cloud you can have firmware, higher performance so, yeah we can do both. >> you're wearing a blue shirt and jeans and red shoes. this not an ibm outfit how do you work out these cultures >> look at me, come on do you know purple is a combination of blue and red. >> red bull, your guy, pretty standard >> it's not the ibm of today not one bit. i think this is to us, jim, nothing about -- this is only about growth so this is about growth and what jim just said about we'll be able to grow horizontally because jim's challenge is scale

and i can scale him into every corner of the enterprise market. that's good for me. >> even people saying, only adds 4% -- >> 200 basis points, not back end loaded and, remember, i'm a high end model that says single digit ipi. 4 points is huge as you said >> no, i agree i'm listening to the critics some people say listen, the balance sheet is stretched and you're 4.7% note is due 2046 should we be concerned >> i want your viewers to be absolutely clear that we are going to continue to grow our dividend and it is more than safe when i say financial flexibility and ample for us, we're going to pay. it's cash in debt but, remember, we're already strong investment grade and even with this we're

strong investment grade. as we said we're just prudent. we'll be back to what we target as our normal leverage ratio two years so that is -- we're conservative, right? that's good for high single at q at i want to remind your viewers we ended last quarter 15 billion of cash, 12 billion free cash flow so we have plenty for inorganic, organic and strong dividend. >> the stock down 20% for the year mistake by wall street not understanding or the change where ibm is going. >> it's both last quarter as you know we were flat at constant currency and one of the biggest things that happened, we returned our margins to flat year to year three years and underneath it our services business grew and that actually the margin for the first time in five really good progress on all elements. >> even though some cognitive, some worries.

>> we talked about what it was but this is also -- this is a really key point this combination is going to lift all of ibm. that includes analytics, a.i., that includes our services business and as i told my whole team this morning, i spent the day with jim's team, ours, this is about lifting all of ibm which is why we're so bullish about saying this is absolutely accelerating our high model a creed of year one on free cash flow and gross margin. >> jim, how do you keep your people and how do you incent jim to say he's been a big hero. >> he's staying. >> this is the greatest thing we can do in terms of growing our relationships with customers, so this will accelerate our growth and people in general very excited about this this gives us an opportunity for them to grow their career paths and as we say we're passionate about open source. any way to make sure open source

is the dominant platform going forward, this will allow them to do it. >> let me ask you, you have told us, look, ibm is really important to our country, to the world, to the people who work there. is this your legacy going forward or there are some people who say she's betting the company, she's done a series of many, many deals, but this is one of the biggest deals of all time is this the legacy you want? >> this is going to be a critical part of ibm's future. so i think of it as the most important thing for our customers and business or i wouldn't have done it. this is about being number one ibm is number one in hybrid cloud, mission critical, $1 trillion marketplace, together we are the champions for open. jim, this moves the cloud debate/battle to open versus proprietary meaning we believe switzerland we should be able to and our clients want to move things around so absolutely important. it is a game changer to ibm. and we know it's the right

thing. >> should we be concerned at all, the narrative last week was that the cloud is slowing, the datacenter is slowing. two people couldn't tell me that's right that's the wrong narrative is it slowing? >> the first 20%, the easy stuff behind us, the 80 is in front of us and that's what this is refashioning for. >> from our perspective we're seeing from acceleration as customers start on that more difficult 80%, that's where we are strong because we're strong on premise and we have positions in cloud different positions in clouds but that next 80% is where we're in the best possible position to win. >> great for ibm and red hat shareholders thanks for coming on "mad money. ginni rometty, chairman and president of ibm and jim whitehurst, president and ceo of red hat. i wish you the best of luck. >> thank you

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well, this has been a brutal earnings system. the stock might go down because it had the misfortune of

reporting on a bad day columbia sportswear, last thursday this company reported a monster top and bottom line and management raised their full year forecast substantially for the third straight quarter in a row. it sold off the next day pulling back 2% because friday was such an ugly session. the stock came roaring back vaulting $4 or 5% today. if you bought columbia on the weakness friday you have a nice win and i think it might have more up side let's dig deep with tim boyle, president and ceo of columbia sportswear welcome back to "mad money." >> jim, it's great to be with you. >> i think a lot of people don't know, 80 years, second, 20 years public of which you've trounced the s&p more than twice better what is the secret of your company to have accelerating revenue growth after all those years? >> you know what, it is a

publicly held company controlled by the familiar a len take obligations to our shareholders seriously and have an enormously strong management team that we've continued to improve and global business which, you know, sometimes people get confused about the impact of the u.s. weather on the company we have a global business and we have a very strong board that makes sure that management is focused on the right things. >> now, this most recent guide, it seems to be directly connected with what you've been doing with project connect and i want people to understand that a lot of people have these different projects that never amount to anything this one seems to be materially improving your company >> well, you know, when you've been in business 80 years and been a public company for 20 and the business has changed from being a local domestic distribution company to a global company, you develop habits,

work-arounds, activities that don't bring the business forward. so, we spent really the last 18 months on this project internally called connect which is an opportunity for us to streamline the business, to really bring it into the current time and make sure that we're set up for efficiently running a big business and, frankly, the returns have been quite good, we're just now starting to see those returns and we expect that 2019 and '20 and beyond will be where we find significant savings and significant improvements in the business efficiencies. >> you talk in your conference call about the $200 billion round of tariffs today we heard that the president is talking about how he has to put tariffs on everything if the chinese don't come to the table and give in. you have a big business in china and source from china. only 10% of your imported value is from china but what would it

mean if the president put tariffs on everything we import for china and what would it mean for columbia and world trade. >> what it would do for columbia we have a global business. you know, in the high 30% of our total business is outside the u.s. we have a big business in china. i think it would hurt our chinese business our u.s. business is as you said earlier is supported by products sourced from all over the world but i think it would do significant damage to the u.s. economy to have that kind of impact on tariffs. you know, our categories of merchandise apparel, footwear are already in some of the most heavily tariffed in the united states and world and we've found that one of our strengths is navigating these significant tariffs in order to make sure we offer consumers the best product at the best price. but when you throw tariffs on a sourcing country like china is

so important for the rest of the world and so important for the u.s., there's no way it's going to mean anything other than higher prices for consumers in the u.s. >> okay. now, i know that i think people have been willing to accept let's say premium prices from your company because you have been probably the most -- you use a great term you a your dna is in technology basically but also are died in with fashion this has been a winning formula for you. how important is just influencers like the omni heat 3d gets recommended by outside, buy gear junkie. this allows you to charge a premium price no matter what, right? >> this has low barriers to entry. the apparel and footwear business is easy to get into you have to differentiate yourself we use lots of developed innovations, technologies that we've developed in-house with

our team of skylar wattie thcie. now, that coupled with my mom that nobody can replicate is really been a winning formula. >> you can't leave it at that. tell people about your mom what is he talking about he is a business man tell us. >> well, you know, our company was founded by my grandparents and my mom and i took over the business when my dad died. it was a tiny business, the year he died the company was doing a million dollars in business. the next year my mom and i took it over. we went to half a million and we struggled mightily but had some big help from our neighbor here in portland, we had one of the early employees the ache helped us on a board of advisers that helped us find our way and have been able to build the business basically using the formula where we design and market from portland and we distribute globally and we source globally

and that's really been about expanding the unique points of differentiation from the company which, frankly, have been our innovations and our styles and my mom. >> well, look, congratulations on 80 amazing years and 20 years public where you more than doubled the s&p. great to speak to you. tim boiman, columbia sportswear president and ceo. remarkable company "mad money" is back after this

>> announcer: "lightning round" is sponsored by td ameritrade. it is time it's time for "the lightning round. >> buy, buy, buy >> sell, sell, sell. [ buzzer ] >> then it's over. are you ready, skee-daddy? justin in new york, justin. >> caller: boo-yah, jim from long island. i love your show so, i want to know about ari. am a young investor. buy, old or sell >> i hate commercial real

estate you can stay the course in it but that's where i think the real weakness. next after housing and chemicals. virtual real estate. emily. >> caller: with six flags at a 52-week low and paying a good dividend could this be -- >> i was flummoxed why they did so badly i can't recommend the stock. abby in virginia. >> caller: first time, long time i got to ask about northrop. great earnings >> it has been unbelievable to me unbelievable to me the defense stocks until we get to the midterm elections these stocks are in such a bear market it is shocking let's go to chan in tennessee. >> caller: hey, jim, big boo-yah to you from tennessee. >> good to have you. >> caller: hey, my question is on mro, marathon petroleum

had good returns before but i'm getting -- >> unless it has yield protection the stocks -- the oil stocks are in bear market. i mean, i know i lgot a lot of them guy in new york. guy. >> caller: hey, jim, big boo-yah. i want to thank you for everything you do for me and the boys and it's great advice. >> sure try. >> caller: marble technology group. i picked it up in the mid-20s, low 20s. buy, hold, sell? >> fundamentals matter but like i said in a lot of other situations fundamentals don't matter stock is going later don in massachusetts. >> caller: hi, jim i just want to say i'm glad we got you to coach united stats t. >> it's not easy thank you. >> caller: jim, what are your

thoughts on this management and development stock symbol rdfn. >> that was the first to tell you residential real estate was cratering and that was the one that sent me to run for cover. >> sell, sell, sell. >> no way no how jerry in california. jerry. >> caller: mr. cramer, how are you? >> i'm good. >> caller: i'm doing okay. concerned about this trp, transcanada. i've had it for a long time but but that as it is, where what do you see happening? >> tremendous bear market mode none of it is being saved by a high yield and represents tremendous value but it doesn't mean it won't go down. i'm not against owning it because it has a valuable business and coverage of that difficult send let's go to jordan in florida. jordan >> caller: hey, how is it going. >> all right how about you.

>> caller: pretty good curious about smart global holding. good time to buy or sell >> i do not know that and i will have to do some work one more andrew this texas. andrew >> caller: hey, jim, love the books and tv show. was wanting to know about etm and if the new james dolan news -- >> i honestly -- i thought this company stock would bottom radio broadcasting i thought it more worth than it does seem to have and the stock cannot seem to find any sort of footing here at all it is very inexpensive but that's been a continuing theme of the lightning round inexpensive doesn't mean it can't stop going down. david in illinois. >> caller: jim, cqp, its prospects? >> i think it's bright we'll be a big export of liquefied natural gas and can

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you may have heard there's an election coming up next week. everybody else is focused on

what that means for congress or various governors' mansions all over the country i want to focus on something smaller. voters in california will vote on a tax on small businesses used to double the city's homelessness relief udget. i think this is a microcosm for the country at large, not just san francisco because the question is very simple. what do businesses owe their communities. san francisco is one of the least affordable places to live but nobody likes paying taxes. this is the kind of thing that drives businesss awayment twitter's jack dorsey coming out as one of the leading voices against it marc benioff who argues this is pretty binary or you're for it or against it. which is it going to be. salesforce's stock got slammed today but this is a fabulous company and one that has a long history being committed to philanthropy let's welcome back marc benioff to hear more about proposition c

and how his company is doing welcome back to "mad money." >> hey, jim, great to be with you and thanks for having me. >> marc, you have been outspoken and including a fabulous op-ed piece in "new york times" about the social responsibility of business. >> thank you. >> and some of us are mystified. you're either for or against it. tell us, is it as binary as tha or because i was homeless once i don't get it and too biased. >> you understand the situation here i know you have a americanal story. we're in a crisis of homelessness and it's a very serious situation in san francisco. i mean at the same time, it's really become a rice cyst of inequality exactly like you said it's the best of times and the worst of times our companies are ripping. our economy is ripping here in san francisco and you can see great companies emerge like salesforce, like twitter, like square like dropbox i mean i could go on and on and

on hundreds of billions of dollars of market capitalization and reported on many on your program. yet at the same time a huge crisis of homelessness, 7500 homeless individuals on our streets in san francisco, 1200 homeless families with two kids on average each. this is unacceptable we can't have on one side the most prosperous most successful and as you can see behind me the most beautiful city in the world and on the other hand we have a humanitarian crisis of epic proportions turning into a crisis of inaction and indifference and need to put a stake in the ground and stop it. i'm asking everyone to vote yes on proposition c. >> i know chuck robbins well and he's saying they received 7,000 chronically homeless in santa clara county

given the tax return -- the change in taxes, given the fact that there are so many people rich, you got chuck, you, i mean who is opposing this thing >> well, that's exactly right. jim, cisco is for proposition c and many of our elected politicians like nancy pelosi and dianne feinstein and others are for proposition c. but the real issue is this, you cannot extract businesses from our city and, look, you is a beautiful office here in san francisco but you know as i know you can go downstairs and by just walking a few blocks from here you'll be in a very serious homeless situation. and it's also a crisis of cleanliness. had has turned into ray swigs where streets have never been really dirtier and have all kinds of problems that we've been -- seen reporting on in national media and this needs to come to an end that's why i'm for proposition c. >> i was out in san francisco

two times ago and there was a robbery right in front of me at walgreens and i asked the police basically catch and release. you have no homeless shelters. the police don't know what to do was my understanding after witnessing this robbery right in front of me. >> jayyeah, you were here for da force and heard reports like that from our customers where they had adverse situations. you saw a robbery with someone homeless in walgreens and, look, it's got to come to an end and that's why i'm supporting proposition c because of incidents like you have had here in our city. >> now, jack dorsey is vocal against your view. well, he makes a lot of money. is this the old milton friedman argument, business owes nothing to community what business does is make money for business and shareholders? >> well, you're exactly right. the question is the business a

business-business or the business the business of improving the state of the world? you know what side i go on i'm all about how do we use business as the greatest platform for change? and salesforce has worked on homelessness in san francisco. and given more than $50 million to our public schools. we've given away more than a quarter billion dollars overall and done 3 million hours of volunte volunteerism and run 40 nonprofits for free. when we talk about a tax that is 0.5% to deal with the number one crisis in our city, how can we do anything else but to vote yes on "c. >> i agree now my personal view, obviously people could have different opinions i have got to ask. i know how important you think ibm is to the state of our country. it's an important company. i though that you get along terrifically with red hat. any view on the red hat ibm and

what it means for the cloud business >> i just thought this wasa great acquisition today and exactly what pim should be doing and would like to congratulate ginni. she's made a fabulous move and they're fantastic with a world class management team and world class products and we use them at salesforce. they' they're the heart of the cloud and now the heart of ibm congratulations to all ibm great job. >> marc benioff, chairman, co-founder and co-ceo of salesforce great to see you, as always. >> vote question on "c." remember, "c" is for cramer. e. why would we leave now? because i'm retired now. so? we're voya. we stay with you to and through retirement... with solutions to help provide income throughout. so you'll still be here to help me make smart choices? well, with your finances that is. we had nothing to do with that, uh, tie.

or the suit. or the shirt. voya. helping you to and through retirement.

don't be fooled by these opening. we need a down opening if we need to find an opening. 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.

narrator: in this episode of "american greed"... captain darryl wright has a purple heart and isn't afraid to show it. darryl used his purple heart, flaunted it, and he weaponized it. narrator: as a wounded warrior, wright collects more than $700,000 in government benefits until an undercover investigation unravels this "hero's" story. 99.9% of that stuff is not true. that did not happen. i think he enjoyed getting free money. we started to refer to this as the "purple heart fraudster case." narrator: wright's victims are veterans who feel their sacrifices have been tarnished by his lies,