>> mike. >> the 72.5, 65 put spread innic nic yee is a bearish bet in earnings. >> with hedges be tactical spy hedge wait for a little bit of a bounce next week. >> see you back here don't go anywhere. "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. i promise to help you find it. "mad money" starts now whew hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to save you money. my job isn't just to entertain but to educate and teach you s call me at 1-800-743-cnbc. or tweet me @jimcramer let me ask a question, how much of the trump rally needs to be repealed before we get to levels

it's not worth selling anymore i don't think we're there yet. it was a hideous day what's worse than the averages, dow plunging s&p plummeting 1.91% nasdaq nosediving 2.26%. wow. has this market finally gotten cheap enough to be tempting to do some -- >> buy, buy, buy >> tough question. and the answer is probably not yet but not because of the companies themselves, the bear is romping too often and taking down the good with the bad it's not bothersome to figure out who is naughty and nice. i'll tell you why we have to pick at this pace we will not have long to go to where stocks have gotten too cheap to ignore it is not the companies

themselves, though and you have to ask yourself, if it isn't the companies that are causing the sell-off, what the heck is it? let me give you context. you see, we're in a peculiar junction there are land mines all over the place. we know the fed chief has committed us to a rate hike next week even though he made conciliatory noises he hasn't backed off from the idea we might need three rate hikes next year to tamp down inflation even if it means wrecking the economy. the market has been heavy. in fact, honestly come on, it's a bear market. ever since powell talked about the need to overshoot at the beginning of october, oh, we rallied after he partially walked back those comments but it really was not mea culpa at all. no, and the damage had been done do not get me wrong. i understand why he feels the need to tighten. i get it we got strong job growth, rising wages, robust production numbers

came out retail sales were good i get that too housing is tanking, oil is awful. construction is slowing and another rate hike will give us a year where short-term rates are higher than long-term rates and often a sign we're about to have a recession and if anything we've been too optimistic about the future if we weren't, rates would be spiking. so what does powell do the smartest thing powell could do would be to wait another month or two to see which indicators are telling the truth, retail sales, wages or all these industries in decline. we know there will be tens of thousands of layoffs in retail in a month retail is not having a good christmas. unfortunately, powell whetted himself to a rate hike and can't back down without making the fed look toothless

that does matter when you run the central bank it helps when you believe you'll follow through with your plans even if your plans are wrong and a rookie mistake still, it's a shame so many supposed experts simply refuse to do their homework when powell made his pronouncements about the economy. i hate to say i told you so but to everyone who insisted the fed was all knowing and i was a moron, i told you so it's not like i can see the future i just tell you the film i do the homework, massive amounts of it. it's what i'm proud of no matter how much work it takes, i do it. in other words, i think i outhustled the fed and not for the first time in the summer of 2007 before the great recession, i knew the fed was wrong about the state of the economy because i had done the research and i called it as i saw it >> they know nothing. >> what happened well, they literally laughed at me during one of their meetings.

it's very funny stuff. i have it here it says laugh in parentheses well, i don't know he who laughs last -- no, everybody lost powell's team didn't do the homework maybe they were too young, too busy, maybe they were watching the ball game. i don't know what they were doing but now he's locked himself into a rate hike and that's the state of play for next week. if he could wait he'd get all he wanted what's our game plan in this situation? a man-made situation, a man-made bear market. we have to watch for johnson & johnson, one of america's greatest companies, can i tell you? the stock got crushed thachgs to a story that they knew its ambassador powder had asbestos in it and didn't do anything it's a bad narrative but think it through j & j lost $40 billion worth of value yet all the experts i talked to even losses

$7.5 billion issue, let's double it j and j says it's a pack of lies why we should believe them aren't they a bunch of hacks i'll work all weekend on it. now, that said stocks that come down this hard and one session almost never turn on a dime. if j a& j rallies, they'll probably flip out and knock it back down. if you wait until the end of the day on monday given the parameters, i think you'll be rewarded not this week. such a treacherous market. i would leave room to buy a little more tuesday if you decide that jnj is right for you. monday night we hear from hurrah cal. they tell us they're doing fabulously they're not showing runaway growth you got real low expectations.

i'm not saying oracle is a buy no way but if you own it, probably not worth selling it let's see, the stock is down on its butt red hat reports too. this company is done, all right. why? it's being bought by ibm so might be a moot point but if deliver a better than expected quarter it could impact ibm itself tuesday morning we get results from darden. i'd like to see the parent of olive garden keep up its string of terrific numbers. if they contain the verbiage about higher labor costs and talk about growth, it has a chance to rally. after the close we hear from two companies, fedex and micron. oh, man, these are not for the squeamish. the huge declines had not insulated their stocks from huge declines, in other words, in a bear market, you don't get a bottom that easy if fedex hadn't just announced the retirement of a key statu

statute -- executive, i'd find out why he's retiring. the top guy retires. that doesn't guadagno sousound d when micron's numbers go down, it doesn't matter where the stock is i have a got to tell you, what you want to do with micron, maybe some pin action. if so you want to buy broadcom, intel, really cheap or amd if you can get it under 19. those are much better buys than sticking your head in the lion's den. wednesday, the fed meeting, the fed needs to become more data dependent meaning when facts change they change their minds too. this is called prudence. like prudence, like remember when your mom told you got to be prudent and don't be like a pop-off or don't be irrational all those things

if jay powell starts talking about dot plot nonsense and overshooting strong fundamentals away from wages, you want to see a bear market. that guy will be a one-man kodiak let's help you realize it's creating a nightmare before christmas. jay, all you got to do is you got to say, you know what, you were too exuberant when you proclaimed the need for many more rate hikes. own it that's what champs do. it's okay. i do it. i own it a lot if you say one and wait the market could be off to the races which is why we can't give up on stocks choose words carefully thursday after close nike reports and i think it's a great time to own them because it's one of those dominant cycles once again the company has to walk a fine line any chinese weakness at all, any fear of weakness, bingo, 60s they've got the best story to tell friday we hear from carmax or we

don't listen because it's that bad. this is part of the economy that i am worried about, the real economy and it isn't doing well. i doubt the numbers will inspire any confidence yeah, it's like that the bottom line, i'm not being too cynical. i am worried about a treacherous market i repeat, once again, it is a treacherous market it is a mean market. it is an angry market. it reacts horribly to the slightest bit of troublesome news we sit at the lowest level since april. there are bargains being created. you need to know where to look the problem is they're not enough to do the job i'm going to jake in new york. jake >> caller: hey, what's going on, jim. >> jake, it's another miserable day at the office. you know what i mean >> caller: i know what you mean. i have a question for you about snapchat people are only paying attention to daily active users.

where are we headed with this? >> snap, i don't know. it has that kind of zinga feel, you know it's got that groupon feel this stock doesn't have any fundamental -- this is not really a stock it trades but it's not really a stock because they own all the stock. it's kind of like a yonker state. how about truman in california >> caller: boo-yah, jimmy boy. >> you are named after a great president. >> caller: the buck stops right here. >> remember what he said when they attacked his daughter he came after that that's like those people attacked my daughter on twitter. nightmare. >> caller: if they read "confessions of a street addict," last chapter they'd be crying and in tears. it's a tearjerker. >> i got to -- i am the most -- don't forget my nephew calls me the most sincerest insincere man

in north america >> caller: i double negative that for you first quick thank you. one investment i just cashed in from the low 20s from your lips to a paid in full statement for my son's four-year college degree and his mba fully paid. you gave somebody a future where there might not have been one, jim. you change lives you don't know it. you do. >> which one was it? >> caller: cal state fullerton, both >> what was the stock that worked >> caller: no, no, no. that was ali's -- i want to repay you. i found what i consider cloud royalty. not a king, but royalty. three strong points. i see this firm's name on as much as every capex-receipt. now that every firm is

digitizing what besides regulation is more string gent and required in every internal and external audit is data governance >> so let's get to that stock, man. what stock would that be >> caller: that is veev. >> oh, yeah, we have gasp tner on that could go down 20% in a flash but you have to be willing to buy it, not sell it i feel pretty good it's been horrendous i feel like putting on a bear costume for heaven's sake. thank you, a bear costume. much more on "mad money. we have this market but i don't think it's gotten cheap enough to be tempting veev goes down 20% we'll have to be there thank you to the fed for creating this one. it's not because of the actual companies, the good is going down with the bad. it's just way too early to think let's take a big swing pick on the way down but no

moore th more than that hate is a strong word. did you hear it, i can get my cappuccino without leaving the comfort of my own home starbucks is rolling out delivery don't miss my interview with the ceo of starbucks and uber. the deadline for insurance under the affordable care act, what do they have to say i'm talking to them and 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. for your heart...

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hideous. >> sell, sell, sell. >> that's not just some judgment from me. now it's become an empirical fact brought to you by the association of individual investors poll which shows the most bitter sentiment reading in 5 1/2 years, almost 50% of those polled believe stocks are headed lower. but last time we got such a negative reading was in 2013 that turned out to be a terrific buying opportunity >> buy, buy, buy >> but very few people realized it at the time now, i would love to tell you that you should be buying stocks because the market is too heated i wish i could say go all in and embrace the decline because sentiment can't stay this negative for that long or in shorthand there's too many bears for this sucker to keep going down like this but i can't do that i can't do that because this is not 2013 back then there were no worthwhile alternatives to stocks they had the best yields interest rates were so low stocks were the only game in town

not anymore. these days you can get a cd that yields more than 3%. a diversified portfolio is the best way to make work but 3% ain't bad and it's risk-free for many, think baby boomers like me, the stock market has become too treacherous in 2013 it was incredibly foolish to put your money in a cd it's foolish if you keep all your money in stocks jay powell, when he raises rates next week and it's just a question of when, not if, cds will become lucrative. hardly ever thought i'd use that term i bet that causes investors to pull another wave of capital in the stock market it's been going on for weeks on end. a major reason why we have been going down don't give up on stocks. plenty of companies are doing well and stocks get cheaper as

they go lower. this is one time where you enter the house of pain the moment you buy a stock. let's use three examples j&j, costco and adobe. if you bought them yesterday, you would think that had to be the worst decision i made. adobe and costco must have had shortfalls j&j's story about asbestos is dreadful all the asbestos companies got wiped out when they learned they had been concealing that fact for years which is what a reuters story said adobe reported a terrific quarter but the stock had run up dramatically same at costco, people assumed the numbers were bad because the stock went down and those are broken stocks but not broken companies. johnson & johnson, i think it will come out okay not at first as i told you i expect it to keep getting hit monday but the stock has come down so dramatically the liability from the asbestos issue may be more baked in than we think

sentiment is negative. that's made for good buys and excellent opportunities but this time might be different. that said even if the market keeps getting clobbered some individual stocks have come down so far so far they're now getting too cheap to ignore. it's just that right now there aren't very many stick with cramer.

now, jim, i got to tell you we'll go down to the experience bar and i'll show you how to pour a shot of espresso. >> you see what he's doing he doesn't even have an apron on >> you want to push not too hard you want to tamp that down okay, perfect. look at that, jim. you're on it you just poured a perfect shot of espresso. >> the cramer. >> cheers. >> cheer, man. mm-mm.

>> look, it's not tequila. you don't shoot it you savor it where we're headed wow. just a second. it's rocket fuel boom >> i think we're on our fifth shot of espresso >> whoa. >> well, just come to work i was at the grand opening of the roastery joining seattle, shanghai and milan take a look at the lines at the milan roastery just this weekend. anyway, well starbucks held its b biennial investor day. you would think service a soul-crushing experience with them trimming long-term earnings negativity is a vibe look at this market.

ouch remember that there is so much good news from the starbucks event continued midsingle digit same-store sales, tons of cash generation, great stuff out of china and the news that starbucks is expanding its delivery service with uber eats and want to ehit a quarter of te u.s. stores by the second quarter of next year this morning i had a chance to catch up with kevin johnson, ceo of starbucks and dara khosrowshahi, the ceo of uber. wow, is this a lot of fun? maybe i'll go to sleep tonight i'll see you on monday okay, i'm ready. take a look. >> i have to tell you, i don't want -- maybe i'm jaded because when i walked here and went around, i said to myself, wow, this is one of the most amazing -- i've lived in new york for a long time you have created something here. >> well, jim, this is the pinnacle of experiences around all things coffee. you know, we started with this vision about five years ago. we built our first starbucks

reserve roastery in seattle. it's one of the top one or two destinations in seattle for tourists and locals. we then a year ago opened the shanghai roastery, three months ago, milan and today in new york this is about all things coffee from roasting to different brew methods, the bakery, scooped beans. it's all here. >> dara, you are teamed up with kevin to bring us things when i go around here i'm saying will they expand it so i can have this all day? can i get you all day to bring this stuff to me >> well, that's one of the beauties about the combination that we've got here which is in the morning you can come to the roastery but maybe at lunch if you're too busy you can order either on starbucks or on eats to get the delivery in the middle of the day and i i think one of the services that we like to bring to our restaurant partners is the spread demand where restaurants need demand and to create invecremenincremed

are optimistic about having it for breakfast, lunch and, who know, dinner. >> every dense city is a natural for what you are doing. >> absolutely. we've launched now eats for business so that businesses, we can integrate the business experience into it and get your food while you're working and it's good for the business and probably good for the individual as well. >> is it too expensive for most people. >> you know, people have so far when you look at the eats business, we're growing at 8 billion gross bookings, growing at 150% year on year, clearly customers value the experience and they're willing to pay for the booking fee and delivery fee so it's been, you know, the convenience right now, convenience is so important as part of life, consumers will pay

for convenience. >> kevin, one thing you did that applaud you for, you've recognized how to do the best affinity program, so to speak. you've recognized that there were problems with lines, a lot of people like me said, who is that guy cutting in front of me? i didn't like that, kevin. you have solved a lot of the logistic issues and i think some is your excellent background in technology. >> as we launch mobile order and pay we had to re-engineer that experience in the stores and one thing dara and i have been focused on we launched this starbucks delivers pilot in miami in partnership with uber eats and we worked together to ensure we delivered the best customer experience and part of that required us to integrate the technology so that, you know, as an order comes in it's seamlessly integrated intoour in-stove operations and as an uber eats driver comes in to make that delivery we know how to do those handoffs so doing it in a way that focuses on the customer experience first. >> and it's working in china too. >> it is working in china. in fact, yesterday, we announced

that we have now implemented starbucks delivers in 2,000 stores. >> and your partner. >> with alibaba and starbucks delivers in partnership with them, 2,000 store as cross 30 cities and did the same thing. integrated the technology and we really looked at the customer experience and we actually took the learnings that we got from china and we are applying them in our partnership with uber eats. >> i pick up the paper every day and see about the crisis between the u.s. and china you spend a huge amount of time in china boots on the ground. you feel the crisis. >> i was in china a few weeks ago, i'm in china at least once a quarter and, you know, our business is doing very well in china. i think the fact that we have been in china now for 20 years and we came to china and entered that business with respect for the chinese culture and tailored the design of our stores and have 50,000 starbucks partners that we hire in china. we use local contractors to build our stores, and as a

result, the starbucks brand is a very healthy brand in china. >> and your respect for the elderly. my father worked for the chinese from '79 to '92. they love and respect the elderly. i don't find many american companies understand that. you do. >> we've always been a company that invests in our partners and takes care of them as we talk to our starbucks partners in china, one thing important to them, being able to care for their aging parents so we created a completely new form of insurance which is, you know, a parental illness insurance to help with catastrophic illness of parents and our partners have that ability to take care of their parents. it is a family oriented culture. >> okay. i read an excellent book by my friend adam about the uber culture. now, obviously that's previous to you but it seemed ingrained that the headquarters was not nearly as i

think -- the way that you would do it, so to speak, which is clean, ethical, terrific how big a hurdle and do you have to do root and branches? something you needed to do truth and reconciliation because i think you know what i mean. >> that culture work is never done and some of the uber culture, you know, was good in that created an incredible company that grew extraordinarily fast, innovated very quickly but what happens is success sometimes happens faster than failure and sometimes when you succeed too fast you don't take the time to rebuild the framework from within. this is a renewal process. i have a great team in terms of rebuilding new uber culture which takes some of the old and adds to it like we do the right thing, period. we celebrate differences, we build globally but live locally.

and culture, it's at a point in time right now i think we're at a much better point in time. we get to have partners like starbucks that are extraordinary that we can align with but the culture work is never done but i'm much, much happier where we are today than where we were a year ago. >> dara, so many of our viewers love uber. i've never heard them complain bit. what they really want to do more than anything else in the world is get shares in uber. i know the government makes it difficult to talk about that do you think a year from that those who buy new uber will buy shares in uber. >> i certainly hope so one of our goals when i got in was for the company to be public in 2019. and there's a lot of work that has to go into that. and i can tell you that we're on track for that goal. no guarantees and hopefully the market conditions are such that we will have a welcoming market, so to speak. >> i hope the market certainly is a little more forgiving than it is right now. this is an odd period in time.

both of you are long-term players. i think that's the way you have to play it that's kevin johnson, starbucks ceo and dara khosrowshahi, uber's ceo, emblem matic of american business.

when the market sells off you know how it is sometimes the baby gets thrown out with the bath water. talk centene this is exactly the kind of stock you want to buy when you're worried about a slowing economy which is what we have yet it got slammed along with everything else down 4%. maybe they're out of fashion with the wall street show. you know what i mean great couple of weeks, just a few weeks ago where the stock was flying and people were worried about declining obamacare enrollments. today they held an analyst day and stock got hit after they reaffirmed bullish guidance and solid forecast for next year one almost perfectly in line with what the analysts were looking for. in the past they've been hit and could this be another one?

let's find out with the chairman and ceo of centene to hear more about his company he prospects welcome back to "mad money." good to see you. have a seat, my friend i've been trying to tell people all day the market right now is treacherous. not making sense and you're exhibit a. you put up unbelievable numbers and it didn't matter, frankly, whether the economy was good or not. i want to give people a chance you said good things, correct? >> we did. we said that, you know, the marketplace was growing. we're going to be up 17% on a big base to $70 billion. our bottom line is growing 19% we talked about margin expansion. we talked about programs where we're reducing our gna and other costs to reinvest without affecting margins. from my perspective i couldn't think of anything better to say. >> i went through it there really wasn't. as a matter of fact, i want people to know something we've had some consumer pricing

numbers which show that health care is actually no longer -- costs are coming down. this man is the market leader in revenue in the four largest medicaid state, california, texas, new york and florida. is it possible you are so big that you're part of this cost containme containment? >> we said our rates were going to go up 1 1/2% on average next year and between 0 and 1 and saving the states a lot of money but we're also improving the outcomes we have better outcomes, scores, everything else. i don't want to be braggadocious but i think we're hitting all the things that need to be hit the right way. >> then i thought maybe it's political but the election was -- you may have been the biggest beneficiary of the companies i follow with the way the congressional -- >> it should be stable we had a bipartisan panel today. and, you know, everybody was

saying, we're in the best position for anything that's going to happen and we're talking on both sides of the aisle. as you said, the market is just not being very rational. >> there is a lot of negativity about the exchanges and the obamacare exchanges. some is political. you know i had done a lot of work for my own family they're not all busted. >> no. no it can work well it is working well the one volatility that i spoke about today that people ought to be prepared for to not worry about discounting is this texas court case. >> yes, explain that it was beyond my pay grade. >> there is a group of attorney general, republican, that have filed a case in texas suggesting that this -- because they no longer have the mandate that it's not necessary and it's inappropriate, it's not constitutional having said that they -- in our opinion and others, they selected a judge where we believe the -- it's pretty -- it's going to be found to be true nobody is worried about it because they know on appeal it's

going to get reversed. it will be stayed. it should be a nonevent. and we heard leading politicians today from the administration elsewhere say if that happens, even if it didn't get overturned, then people are going to react instantly you're not going to -- >> right. >> people worry about things when they don't need to worry. >> in this market you've got things -- you can't speak for j&j and this talc story but if there is negativity it's incredible one point to your credit, in your analyst day you had the reverend -- >> yes >> fidelus now it went from being this great catholic charity to being just another public corporation. it would have been an opportunity for him to not speak or to not be as complimentary of what centene brought to his organization. >> you know, everything is as is they're thrilled to be part of us we were giving them assistance

and capabilities and an individual plan could not afford -- they love it the employees are more engaged than ever. no more turnover, less turnover. the doctors all signed up to join it. he's thrilled. he's going to continue to work on it. i'm sensitive to his position after january 1 but wants to find ways to tie to help us. the team is all in place i couldn't be happier. it's seamless. >> and the last question, how is enrollment these are the final days, i mean -- >> there's two state, california and texas. we'll go to january. right now we are ahead of last year we're growing. we told them today, between 50 and 100,000. same store is growing. new states are growing the things they were worried about -- the demographics of the people joining are the same as last year and the year before. 80% of the people once again re-enrolled >> that's great. >> it's what you want.

>> right well, let's leave it there i wanted people to know that stocks are going down that are having great quarters and stocks going down that are having bad quarters what happens in the end the great quarters will surface and you have to buy them that's the chairman and ceo of cen centene corp don't let the stock determine what you think about it.

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holiday inn express. book now for at least 20% off during our annual sale. it is time time for the lightning round >> buy, buy, buy >> sell, sell, sell. [ buzzer ] >> and then the lightning round is over. are you ready, skee-daddy. let's start with brandon in texas. brandon. >> caller: jim, a big boo-yah from the big "d. i appreciate you taking my call. >> all right, fair enough. what's up? >> caller: got a question. a few months ago you talked about children's place i think it's plce an since then it's taken a dive. >> it's christmas. children's place is in a bear market

there is a big retail bear market going on. that quarter wasn't that bad this stock is now down 67 straight points. but i got to tell you it's probably not done going down but they are a good company. so if you want to start buying some you aren't buying at the top. let's go to frank in florida frank. >> caller: boo-yah, jim. >> boo-yah >> caller: thank you for taking my call and for everything you do. >> thank you >> caller: so, my stock is hqy what do you think about it it got hammered recently. >> a technology concern that is with the health care business is going to get killed because we had centene on they delivered great thumbs and it's going down. got to be careful with that kind of stock rodney in south carolina rodney >> caller: hey, jim cramer, how are you doing tonight? >> i'm good. how about you? >> caller: great i wanted to check on sin crowny financial. >> not done going down has a lot of -- it's a credit

card business i don't care to own. i say ixnay synchrony-ay >> caller: thanks for taking my call what do you think about yeti. >> this stock would be scorching if it wasn't a bear market john in new york >> caller: how is it going >> not bad how about you? >> caller: doing well on the roller coaster i was thinking what's your opinion about delta? >> look, i have to tell you the airlines have gone into major bear market mode and in a major bear market mode the one i want to own is love but delta is fine understand they are not going higher right now let's go to givan in california. >> caller: thank you for the show great show my question is the following, i

bought basic of america two months ago for 30 pi.50. >> no, at 20 you'll buy more the banks are in a bear market we'll use wide scales to buy it. next stop, 20. that's where you pick it and that, ladies and gentlemen, is the conclusion of "the lightning round. >> announcer: "lightning round" is sponsored by td ameritrade. >> i don't know what santa is going to bring me this year. santa is kind of being a jerk. china. i'm busting this you know what, if i had a hammer, i'd hammer this -- look at this. okay we're not using this, are we i mean, we're not doing the show right now? are we pretty much what happens i palled around -- he loves

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oh, my after another hideous day where everybody is terrified of a slowdown we need to circle the wagons

it brings me to a cloud-based enterprise software company that helps other businesses protect their networks from being infiltrated by hackers something that's not gone away in the face of a worldwide slowdown they handle everything related to log-in and usernames and mother's maiden name, first job. your favorite pet. this cloud had a fantastic quarter. monster top and bottom with management raising four-year guidance but okta came roaring back and up a quick 9 bucks since we last spoke to the ceo so could it have more upside or is the market too powerful let's check in with todd mckinnon to get a sense of how his condition is doing welcome back to "mad money." >> thank you very much for having me. great to be back on "mad money." >> all right, todd, when you get revenue growth of plus 50%, when

you break through 100 million in a quarter, which i don't think people realize how hard it is to do, i got to give you the floor because i got to find out how you did it >> yeah, well, it was 58%. so we're very proud of it and i think you teed it up in the intro which is there are these big secular trends cloud compute something a big deal and every company trying to be a technology company itself is a huge deal i'm sure you guys reported earlier the number one app in the app store is now burger king so burger king made a mobile app and now they're taking share from mcdonald's because of their mobile app and now what do you think mcdonald's is going to do? they have to build a mobile app. even companies you wouldn't think of as tech companies have to be like tech companies and the other thing is they have to do it securely when you take the cloud and you take the architecture of the network shifting fundamentally securing it all is harder than ever before and we can help customers do all three which is

why as the market could go up and down, these secular tail winds are powerful for our business. >> one company that i admire, my charitable trust owns is microsoft. you know, microsoft tells me they've got great stuff. it seems like on a one-to-one-on-one basis you're winning against them >> yeah, so the big difference between us and a company like microsoft is we don't have a particular platform that we're trying to connect users to we want to connect users to every technology that's best for them whether it's salesforce or workday or amazon web services or google or office 365 so our value to customers is about neutrality so we keep it neutral and give the customers choice and they can choose. if they want to build a great mobile app to change their fortunes and keep it secure and make employees more productive they can use the best technology possible it doesn't have to come from a certain vendor that's the key to our success. >> i shop at albertson's when i

am out west. they are a client of yours what do you do for them? >> so, we're excited about albertson's. it's a newer customer for us but they are fully live and deployed on the itemty cloud so this is not a new win before they go live this is a live successful customer which is very important to us. over 30 million consumers login to their portal to essentially do -- redeem coupons so coupon offers and can get discounts at stores and do that online like everything else is going online and okta is the log-in identity and security layer for that portal so driving incredible customer benefits for their customerses and for the organizations itself >> okay, my wife got a note this weekend, it's saying, listen, we're sorry, you're a marriott rewards person you've been hacked we're going to try to do our best any way you can get in there to make it so that someone isn't stealing my wife's identity?

>> well, it starts with protecting the data so we can avoid these breaches from happening. and it's a very vast conversation about how to do that but if you boil it all down especially from an investor perspective what you should think about is the architecture of i.t. is fundamentally shifting we're moving from really a network-based security model to now the network doesn't matter as much because you may be accessing a website from your hotel room from your office, from a coffee shop or your phone. every network is the network and so there's this term in the industry called zero trust don't trust the network. have individual base security and policies at a detailed level that will protect you no matter what network you're on and we're right at the center of that because we provide this identity cloud and identity being pervasive in solving the problem is what's driving our success. >> i want to congratulate you. i know that getting to that first 100 million in a quarter is extraordinary and you've got very big competitors, obviously

you're doing -- you've got great partnership, vmware and doing so much that's right. todd mckinnon is the co-founder and ceo of okta. in i better market it would be up substantially and is holding its own which after today isn't bad. so no matter what you trade, or where you trade, you'll only pay $4.95. fidelity. open an account today.

i'm sorry. i was looking for when the fed was making fun of me in the summer of 2007 when i said a lot of firms were going to go out of business and they ought to do the right thing and stop doing the crazy stuff with rates and pay attention to how the economy was rolling over but, no, they laughed at me. they said some funny things about me and laughed at me and they're doing that now too and it's going to be as unfunny as it was in 2007 if they're not careful. by the way, this was caused largely by the fed let's at least understand that 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 hey, i'll see you monday

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