two thirds of sales outside of north america. i don't get that. >> who do you like thursday night football no one playing. >> foot locker on the back of nike. >> "mad money" with jim cramer start s right now. my mission is simple -- to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends, i'm just trying to save you money. my job is not just to entertain but teach you. try to explain the darn thing. so call me at 1-800-743-cnbc or tweet me @jimcramer. why own stocks at all? who wants to be subjected to

another day like today dow plunged over 400 points. wouldn't be easier to stick your money in certificates of deposit, where you get a risk-free return those are actually good questions. i woke up this morning in a pool of sweat, just bummed out, just furious. furious at the fed for being so foolish. furious with the president for backing the fed into a corner with his attempts to apply pressure, and furious at all the commentators who applauded ted chief jerome powell or what amounted to be reckless statements yesterday >> boo >> powell had a chance and he blew it. it's unfathomable to me that he could cut his gdp forecast and then say we still need two more rate hikes look, if you think the economy is solvent, wait to see how the slowdown plays route wouldn't that be prudent for me, the worst part is i have

a better read on the economy than the fed and i know they're not going to listen to me i feel powerless, just like 2007, when i said the fed needed to ease aggressively to stave off financial catastrophe. i said they were clueless. >> they know nothing >> it didn't make one bit of difference the fed didn't want to listen. in fact, they laughed at me. i've got them. it's in this one, if you want to check it out, the meetings of the market committee in august of 2007. they laughed at me exhibit a. so now i lie awake at night trying to figure out how to convince the fed to change course, because i know the policy is wrong. the economy is experiencing some real weakness. some pockets of strength but real weakness all over the place. even versus three months ago in fact, the weakness started getting serious in the first week of october, right when powell started talking about the need to raise interest rates

four more times. you know what powell did he didn't understand his own words. he didn't understand his own strengths. he freaked people out. if you're the fed chairman and you cause the economy to cooldown, you have to have a game plan to deal with the fallout and that does not include more rate hikes. economies are sensitive animals. they could be cowed -- moo! >> -- much more easily than powell seems to believe. i wish there was some way to convince the guy that we're going to get a nasty slowdown, which is what the stock and bond markets are screaming! my wife, lisa, was justifiably concerned when she saw the press that was and reminded me in the end i can't do anything about it she said jim, you're a tv talk show host. it's not my job to fight the fed but to explain why stocks may still be worth buying and which ones aren't, and why this isn't the end of the world so rather than focusing on what the fed is doing wrong, let me help you navigate through this difficult period

we did it before, right? remember 2007 and 2009 we'll do it again, no problem. it does make sense to own some stocks i say some, because you shouldn't have all your money in stocks not right now. i'm buying some certificates of deposit, i never talked about that, did i? thanks to the fed, they have become very attracted, thank you, jerome powell especially now that i'm older and i can't afford to risk losing too much principle and inflation is beginning to cool at the same time, i'm still contributing to two index funds for my kids. why not? they have their whole lives ahead of them, so they can earn back anything they lose. i contributed to my ira even when i lived in my car in the late '70s and used the money i saved on homeowner's insurance it paid off huge i can't believe how much those contributions have made. the compounding is magnificent i'm not going to try to figure or time those contributions for

anybody. these are all tultralong-term w. when you least expected it, you got some major gains, like in 1981 when the bull market started, and then in 2007. if i could have timed it, may have i would have taken it out in 1980. if you're buying stocks here, you know what you should be making a bet on? that jerome powell will learn what i know already, that the economy is down enough and doesn't need to move he knows that the next rate hike will be bad for main stream, for you at home. so i bet it may not happen every day new indications of weakness today was carnival's concern for the consumer we spoke to the ceo of the cruise line not long ago he's one of the best there is. but they didn't make as much as we expected. while bookings are strong, there's been a down tick from a few months ago lost of people were in the stock

because fuel cost came down. it didn't matter, because business is weaker so the whole sector got hammered when the corporate side told the tale, this is a fabulous company i've been recommending for years. they told us that bookings are basically flat these were pitiful numbers not what i was looking for from this company that help sed so my companies migrate to the cloud and like carnival, it's first. you don't want to use travel and leisure, you don't want to lose tech speaking or cloud does powell read the transcripts, is he on the calls? yesterday was micron's turn to down tick. it's one of the most important indicators, but does the fed know that? do they speak to micron? did that do the work probably not it's okay. i'm a work maniac.

it's all right it's revery day, people. if i could get with the fed, i could give them examples why they need to stop tightening it's painful but even the powell is committed to being deliberately obtuse, sooner or later, the weakness will be undeniable, and he'll have to change course. i'm confident in my judgment, that i'm sure he'll have to reverse course maybe in the next four months and when he does, you'll regret selling. yes, i wish i had more cash for my charitable trust. i thought he was going to do it right then, but he didn't. there's no telling when he'll figure out when to do the right thing. so you can just hang on until he does because he will. what happened to there's always a bull market somewhere? right now it's in gold that's perfect, isn't it that's why i always bring on rand gold.

or you can buy gld, either one is fine with me. i always have 10% in gold funds. look, i'm not sanguine about the situation. we are due for a bounce. but we don't even seem to get one. we will, though. we're way oversold even for a bear market. when it happens, trim the bad stocks until then, though, the odds do not favor stockholders you're fighting an ill-advised fed and that's not a fight most can win. when jay powell recognizes it, and he will, the market will come roaring back and you'll be furious if you sold everything down here. a lot of this pain could have been avoided be a more prudent action by the fed chief. that's neither here or now given the fed chief we have, be prepared for more pain just know that the pain is bound to reverse itself.

robert in new jersey, robert >> caller: hi, jim thanks for taking my call today. >> quite welcome >> caller: okay. let me -- i know you love pepsico as a recession resistant stock. >> right >> caller: but i also wanted to make somewhat of a suggestion about a high growth legacy tech stocks, i'm thinking of microsoft. that's gone down as much as pepsico, and you would think that they are something that is a stock worth holding? >> i think microsoft is a terrific stock, one of the largest holdings in my charitable trust we've been telling members that it's just terrific can it go down of course it can it traded at this level in october when powell wrecked the market but it's not recession proof, it's a business. at the same time, it's a high

quality business and you can start buying some shares here. harold in new york, please, harold >> caller: hi, jim, can you hear me >> you sound great >> caller: this is regarding dell they have a emergencier agreeme -- merger with tton now, the choices they're giving us is to either redeem our shares at $120 cash each, or convert our shares to 1.5 to 1.8 new shares of the new stock. what is the best way >> if you're allowed to split it, split it, take some cash out and be in the stock. michael dell is fabulous and he understands a lot more about business than almost anybody i've ever met and a terrific guy so i want to be affiliated with that situation i like vm wear even more all right. the odds don't favor stockholders another this moment but i'm saying it's a moment it's a moment in time, like

2007-2009, but nowhere near as bad. and there i did tell you to get out, just so you know. "mad money" tonight, is the tide turning for, are you ready, ge, stocks se s fell could the move continue? and you have some questions, let's gather around the yule log. and i'm talking to the ceo of a company that can offer real insight into how the economy is fairing. do not miss my sitdown with the ceo. stay with cramer >> don't miss a second of "mad money. follow @jim cramer have a question? tweet cramer at #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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♪ there's no place likargh!e ♪ i'm trying... ♪ yippiekiyay. ♪ mom. ♪ there's always a bull market

somewhere, and that's what i tell you night after night and earlier i told you that there's a solid one right now in gold sometimes, though, the bull shows up in the most unlikely of places some individual stocks for example, even in this horrific market, where the averages have gone into free fall, thanks to a clueless federal reserve, which gave us the worst month since february of 2009, there's still some winners, winners like general electric that's right, you heard me general electric after spending the last couple of years in the dog house, ge's hated stock has got its mojo back so how does one of the most despised names in the market make a comeback right when everything else is collapsing? simple last thursday, ge caught an upgrade from jpmorgan, the

analyst who has been the most active critic since 2016 he told everyone to get out when the stock was just above $30 he has tremendous credibility. i love the guy last week with the darn stock at $6 and change, he finally relents, and he upgrades ge from a sell to a neutral. that in combination with other positive developments allowed the stock to bounce. the question is, what now? has general electric bottomed? is it time to buy or is it too soon to give you the all clear ge's been gutted by a series of horrible management decisions under the old jeff immelt regime just as that business started rolling over >> sell sell sell. >> they invested in oil near the peak and if that wasn't enough, we learned about massive unfinded liabilities.

ge wrote a lot of care policies that were underpriced. anyone who wrote these policies, not just ge, and now that beneficiaries have started to collect, these companies are hemorrhaging money that's a big reason why immelt moved on and got his replacement fired after he failed to get his arms around this problem and some others. it's why the dividend has been eliminated and along with this huge power division i referred to that this stock has been such a dog. a little more a month ago, i said that ge would continue to get slammed until the two analysts who have been bearish changed their tune these guys both nailed the decline, even when nobody else seemed to believe them and they have understood the company better than its own management so i explained the stock couldn't bottom until they went positive ge lost another 9% and down

another 18%. these case everybody hates ge. the stock got clocked and the wall street journal published a story about whether ge capital may have hidden losses the stock swooned to $6.66 intraday i know, ominous number, and settled at $6.76 but the next day, the company was given a vote of confidence, or at least something that was perceived as a vote of confidence why did he upgrade the stock from sell to neutral it's surprisingly straightforward, as is everything this guy does his upgrade is all about the risk-reward. he said the negatives are now better understood, meaning down side is baked into the share price. he had a $6 price target on ge when it came down to $6 and change, he upgraded.

however, what's important is that he didn't raise his price target and say the problems have been solved. in fact, he thinks the earnings estimates may need to be cut further, but he believes the stock is a reasonable valuation. maybe the new ceo, a very smart executive, can turn it around and navigate the company through this difficult period. on the other hand, ge might need to raise capital, which would not be initially a good thing for the stock, but would be for the balance sheet. if things go badly, because the stock is so hated, ge caught fire after the upgrade that's just the beginning with the bear in chief no lovenger bearish, investors were receptive to good news coming out of the company later that same day, ge announced it would be reorganizing its software business as an independent

company. then yesterday the stock faltered from $7.27, as we got the next step in breakup can plan this along with the aerospace business are the two jewels in the crown and investors would like to get their hands on some health care cost we knew this was coming since the management announced it previously yesterday we got confirmation that ge is going to move forward with the spinoff, even with the new ceo. and they seemed to have a sense of urgency that's why the stock spiked. so what does this mean for us? before you get too excited about the upgrade, don't forget, there's another influential bear out there, john lynch, but he's not at jpmorgan.

last week, the wall street journal published a devastating piece, which read more like a eulogy than anything else. it's a very entertaining piece i loved it but this is not the kind of thing that inspires confidence even if the company's finally brought in an outsider to turn things around, meaning hopefully they put this baggage behind them why might this be a positive when"the wall street journal" publishes annually for your business, that's the kind of thing that marks the bottom. i just don't have the conviction yet to recommend the stock you don't buy an industrial when you're worried about a fed smackdown. but you know what? i think this guy is the right man for the job. the problem is, the job itself,

it's like cleaning stables the bottom line, ge deserved to rebound based on that upgrade. the analyst with the sharpest read where the company is headed he didn't give you the green light to start buying here i think ge might be done going down, but that doesn't mean it's necessarily to be bought maybe they do that capital raise and that will be a better opportunity. i wish i could tell you to buy shares in steve, and if i were larry kolp, i would put him on the board. stranger things have happened. let's go to jonathan in kentucky, jonathan >> caller: hi, jim, this is adam i'm here with my son, jonathan, who is 9 years old and loves your show. >> that was easy >> let's hit it. >> caller: hi, jim i love your show, and i think that it's super funny and probably like the funniest thing

on your show is like a few months ago when you did the bear trap, which i thought was really funny. >> you liked that? >> caller: yeah. >> i'm showing gumby right now >> caller: yeah. and for my question, i would like to talk about lockheed martin and i think that they're like a good thing to buy right now, with all their sales of the jets, like worldwide, and i think it's just a really good thing to buy right now >> i am going to totally agree with you first of all, i want to thank you. i love it when kids are involved this young gentleman -- adam, jonathan, jonathan and adam, 3% yield, the business is growing he could own this stock for the next 30 years. the general deserved that

rebound. ge may be ready to stop going down but not come back up yet. but i think it's getting interesting. much more "mad money" ahead. 'tis the season for chestnuts roasting on the open fire. so i take your questions about the coming year. and then i'm digesting the news of yesterday's rate hike, and a former house speaker, the cfo of ibm, and the prime minister of canada what brought them all together weed acreage holdings, highly speculative, trades in canada. stay with cramer

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and now a fireside chat with jim cramer ♪ >> you know what feels like the odds are not favoring stockholders right now.

this market can throw you down and pick you up in a single session, a little oversold, what does it mean as we head into the end of the year, we want to open up the phone lines and hear the voices of cramerica to understand what it's like out there. so let's get started with vince in pennsylvania. vince? vince? >> caller: hello >> hey, how are you doing? >> caller: is this jim cramer? >> you get it is is this vince? >> caller: how are you >> it's been a tough slog. how you been >> caller: well, my question is, what is going on with the oil market >> you know what, david favor said, jim, can't you come up with another reason other than supply and demand, too much supply no, there's too much supply, a lot of countries felt iran would be taking off. but the united states is pumping like mad, and they need to now,

because they need the cash flow. so the answer is, it's supply overwhelming demand in a time when the world's growth is slowing. don't tell jay powell that might upset him. might upset him. thank you. let's go to stewart in virginia. stewart? >> caller: boo-yah, jim. >> boo-yah, stewart. >> caller: jim, i need some advice >> sure. >> caller: i've got my mad money portfolio separate from my retirement funds >> okay. >> caller: it's been very aggressi aggressive, f.a.n.g., chip to e stocks, oil. it's done good until now it's down 35% as of today. my question to you, some of these individual stocks are down 40, 50, even 60% at what point now do i cut my losses, take that money and buy some more bear market friendly stocks or at this point do i just sit

tight and wait >> i have to tell you, i'm going to urge you to sit tight and i'm going to do that because of what you just said, they're down 40, 50, and some of these companies are pretty darn good >> caller: yeah, they are. >> they have good balance sheets look them over if the balance sheets are bad, they may not get through this period if the balance sheets are fine, i want you to stay it's your mad money portfolio. now, if we get a sharp rally, lighten up a little and they'll come back again, because the fed is not going to relent so fast a lot of people come on air and say the fed is not at fault. the fed is almost totally at fault. so let's just wait i don't want you to cut here it would be the wrong time you're going to get a bounce scott in ohio, scott >> caller: hey, jim, many boo-yahs to you. appreciate you taking my call. >> absolutely.

>> caller: i am sitting on a lot of capital gains in sight of an s&p 500 index fund we bought it in april of 2009 right after the bottom >> nice. >> caller: and i don't know what to do, because i'm literally -- it's a $6,000 tax bill if i cash out now before the end of the year do i hold on or do i cash out now? >> let me ask you a couple questions. first, how old are you >> caller: i'm 32. >> that answers the question, you don't touch it you got your whole life ahead of you. you have a lot of time to make that back. you're 32. i would be contributing just as regularly as i always have, and do not take that capital gain. who knows when jay powell comes to his senses and you'll say, what the hell did cramer get me out of the stock market for? our previous caller, powell comes to his senses, stockks jump 25%

john in new york, john >> caller: jim, boo-yah. >> boo-yah, john >> caller: first, i have to say as an action alerts member, i have to thank you for making us money when it's there to be made but presently, and probably most importantly right now is preserving our capital when times are challenging. >> absolutely. we're doing our best we've been bearish on these club calls and what did we buy like 100 shares of davenport. yes, thank you, john we're trying to preserve capital and you're terrific to mention you love the club. how can i help you >> caller: all right now, my question is, coming into earnings season, companies that come out with a good report, are they going to get rewarded or -- >> not yet, not yet. here's the problem we had a lot of companies

report, and they had one little thing wrong and got crushed. so the market is being too picky. but if it's got a good balance sheet and jay comes to his senses, you'll say why didn't i buy some that's why we're positioning for the club to do some buying we're not selling yet. it may be too early to buy, but wait for a bounce. much more "mad money." the payroll provider pay check has an unprecedented view in small businesses across the country. i'll talk to the ceo about yesterday's rate hike and see what it means for business and then, how a john boehner backed marijuana company plans to reinvent this space and be the next proctor and gamble. and rapid fire in tonight's edition of "the lightning round.

you know i think fed chief jay powell made a mistake when he plans to hit us with two more rate hikes he feels compelled to tighten because employment is strong you see, there's one particular industry that benefits from strong employment and higher

short-term interest rates, and that's the payroll processors. take paychecks the company instantly became more profitable the day the fed tightened. those rates are effectively set by the fed, so that with some neat diversification, is why the stock has held up much better, and today it was up nearly a quarter. plus, the company just reported a modestly better than expected quarter, with management raising the revenue guidance if you believe they can hit those numbers, the stock is way too cheap. but what if the economy is maturing faster than we expect let's check in with the ceo. welcome back to "mad money." >> thanks, jim good to be here. >> all right got to tell you, i felt better about the economy after i listened to your conference call, because you are still seeing great strength, right

>> we are. we really are. and maybe it's the more domestically we're certainly not seeing any uptick of business failures and we're seeing business formation growing. employment is less, certainly, because it's very difficult to find employees >> therefore, in the world that you're in, which is very important, small to mid size business, you can rationalize why the fed continues to tighten. >> yeah, i think to some degree. i don't think it's -- the economy is super strong, but i think it's steady growth, and we're seeing, you know, small-to-mid-size businesses, saying they're turning down work because they can't find the employees due to unemployment rate so the demand and the optimism for businesses is there. >> that's good i'm much more concerned, but i think you have a great vision, because you have thousands and thousands of clients now, you just did something, i've been so excited about your

human resources business and it's on fire the professional employer organization could you talk about this oasis deal >> it's turns us more into an hr company, which we've been moving toward some years. you take the technology and the personal service we're giving hr support, not just payroll, at a time when businesses have never needed it more you know as a business owner, there's a lot of changes in the regulations, state by state. and the requirements that they're at small and mid-size businesses are really important. we're providing that support with over 500 hr specialists around the country >> there was a moment in your conference call, you say the client's perspective is getting more challenging every day, whether it's marijuana use, whether it's legal or not, whether to do drug testing we have a lot of these cannabis companies. no company knows what the heck

to do. you guys do. >> right it really -- just today we were hearing -- you know about the nonharassment laws, the requirements for training in new york state every company with more than one employee has to have nonharassment training of all their employees by the middle of next year. how do you do something like that you have to look to someone who can help you do that changes in paid family leave, you know, minimum wage changes, these changes are coming faster than ever in history and you don't want the liability >> you do have great that some of these analysts is saying is sluggish can we see at paychex, four, five years from now, just more hr and a good steady payroll business and you do well because of the flow. but this hr business is growing twice as fast as gdp >> oh, it is

we're seeing double -- we've seen double digit increases in the work site employees we serve. so these are the employees of the clients. with the oasis, once that deal closes, we'll be the second largest provider of hr outsourcing to small and mid-size businesses, serving over 1.5 million work site employees. so this is going to grow double digit for some time. we have been in this business for a while and will be known for a hr company >> you're a straight shooter, you inked a deal not long ago with facebook. and i regard you as the -- why am i client of yours you're the ultimate mr. clean. i don't worry. but i need to know whether a deal with facebook is something that you have to worry about did you call them and say, i need to make sure you're not selling out any of my people

>> absolutely. we were sure before we cut any deal with them what we're doing is providing them access -- if you're within facebook workplace, which is a tool within a work environment, where they can talk between the environment -- within the employer, we're just providing you access for your employees to get their pay stub, to change their 401(k), and without going outside of that facebook workplace app. and we feel very comfortable that no information is passing to facebook. it's reaching out to paychex, getting the information and coming back. >> have you double-checked with these guys >> absolutely. >> do you think the fed is really going to raise twice next year do they know enough to say something like that? >> well, it was pretty interesting. i liked the statement about following the data so if the data requires them do it, i wasn't as impressed with the statement to say i'm going to do it two times so i rather they follow the data

and then, who knows? maybe it will slow down a bit. >> marty, congratulations on the good quarter you're straight shooting, which is making it worth owning your stock. that's the president and ceo of paychex. you know i like this stock "mad money" is back after the break.

lightning round is sponsored by td ameritrade it is time it is time for the lightning round. [ indiscernible and the lightning round is over. are you ready, skedaddy. time for the lightning round start with bob in new york, bob. >> caller: hi, jim thanks for picking up my call. another day many paradise. any way, about a year ago, you introduced a ceo, brian chamber, and he was a really on the cutting edge of the product they were manufacturing that was about $96 a share and here we are at $43 >> housing

anything housing has been wrecked by the fed they don't seem to care. but that's what that is. nothing else mortgage rates went up too fast. sorry. not my fault mark in california, mark >> caller: hello, jim. i sure appreciate your show and your style >> thank you >> caller: i'm a retired conservative investor, and two months ago, my son recommended hormel to me, and it's held up compared to some of the other stocks pretty well, has a good balance sheet, increasing their dividend but at this point, am i better off with cds >> no, no, your son has real horse sense. i like hormel and they had a good last quarter. they're doing a lot of good things it's a great way to play the disinflation i'm seeing. bob in new jersey, bob >> caller: yes, i have 100 shares of blackstone now

>> okay. hello? oh, okay, i like blackstone. 9% yield i have faith in them i think they know what they're doing. james in california, james >> caller: how are you doing, mr. cramerica? happy holidays to you. >> what do you got >> caller: i've he would on it for a few years, but i just don't know with all this good news, i don't know why it's not what the analysts say it's going to be. >> you know, i like the women products this is a total spec, okay they are losing money hand over fist, but i think what matter s i'm going to give my blessing if you want to speculate. david in maryland, david >> caller: jim, i'm calling about palo alto networks

>> this is a stock right now that i'm telling members of the club that they should be buying. why? because is there a greater trend in the world than the chinese spying on us and hacking us that we actually have to go after them criminally. who can stop it? cyber r can stop it. palo alto can stop it. cisco can stop it. those are the ones to own! let's take one more call tom in new york, tom >> caller: jim, thanks for taking my call >> of course >> caller: my question is on a stock that i've been looking at sense the late '90s, a biomed. >> that's a good company, but i'm going to tell you, in this market, med tronnic is the better pick. that, ladies and gentlemen, is the conclusion of the lightning round. >> the lightning round is sponsored by td ameritrade odel.

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whenever you get a meltdown like this one, you should hunt for secular growth stories, companies that can keep growing, because they have their own separate drivers not all of these secular growth name also be worth buying in weakness, but you know i like the marijuana business canada created a whole new industry out of whole cloth. that doesn't neat a healthy

economy to work. the valuation is here, but i think they have a spot in your portfolio. this could bud -- i'm sorry -- into a huge story. which brings me to acreage holdings the u.s. based roll up with a stock that now trades in canada, thanks to what's known as a reverse takeover deal. this company has serious ambitions. former speak of the house john boehner is on the board of directors. so let's check in with kevin murphy, the founder and ceo. welcome to "mad money. good to see you, sir >> good to see you, kevin. i've listened to kevin speak, and he is -- i thought at one point he was an evangelist talk to me about the involvement of some very serious

politicians, who really made this, i think, by their affiliation with you, into a much more serious horse into our country. >> could not be more fortunate to have speaker boehner, and prime minister maroney a part of our board. these politicians have afforded us great access. they can make a phone call, and they get accomplished in that phone call that would have taken me six months to get done prior to that. >> do you have someone like mr. well, you're there a lot of people in new york are worried this is going to take a lot of business. >> that's why new york is on the cusp of legalizing, as well, for adult use, as is new jersey, as is illinois. so those four states alone are larger in opportunity than all of canada. and we will be there, because we'relicensed in all four of those states >> now, we just got this, which i know you care about health

passionately, but also recreational we know consolation and what they have done with canopy who's next, are you? >> well, cautiously optimistic that we may be next. but we won't be next until we pass the states act. and that leads to big investment, big conglomerates coming back to the u.s and our view is, we need to take control of this business all of these companies today are headed to canada canada is 1/10th the size of the opportunity here in the u.s. so we all know the prize is here so we believe it's not necessarily an if, but a when. and i believe it's not only the next couple of years, but i believe it takes place in 2019 >> 2019? >> i believe so. >> really? >> this is one of the only bipartisan issues in washington.

>> we had some activity in this world. >> it's a very good first step, but a very good second step and probably a more important second step is the state's act. and, again -- >> tell me what this would do. >> that would essentially enable companies in the u.s. to bank. companies in the u.s. to list on new york exchanges we, as a provider of cannabis in the united states, have to go to canada, and access the public markets there. when all the canadians are companying to the u.s. >> canopy was able to. bruce was able to. >> bruce and cronos for sure we love that same opportunity to list here in the u.s., as well, creating more jobs, more money, more tax revenue >> why don't you do it if the other three did? >> we're not welcomed yet. >> really?

>> unfortunately, we have to go north because it's federally illegal here in the u.s. now, the state's act, we believe, mitigates all of that and puts us on even footing with everyone in north america. >> again, i'm trying to understand how it was okay for canopy >> because they operate solely in canada. >> okay. now, i look as tobacco and alcohol. they have to, right? >> they all have to. >> i mean, it's just natural wouldn't they want to be affiliated with the one where the speaker is on the board? >> today, acreage is the largest foot print in the united states with 19 states we have a $500 million war chest. we have what we believe to be the best executive team and the best board that equates to a very, very

nice target for a constellation. but again, it will not happen until we have both the senate and the congress follow the 33 states that have already legalized, and the 95% of americans that believe cannabis should be available for legal medical use. >> i think you're a perfect spokesman for the industry it's really important that i do this, speculative, canada, kevin murphy, founder and ceo of acreage holdings who understands what has to happen in this country stick with cramer.

hey, look, let's be constructive nike had a great quarter good, good numbers in apparel and footwear sintos, good quarter okay, some good things happen. i like to say there's always a bull market somewhere and i'll try to find it somewhere just fo

you. i'm jim cramer and i'll see you tomorrow >> welcome to the shark tank, where entrepreneurs seeking an investment will face these sharks. if they hear a great idea, they'll invest their own money or fight each other for a deal. this is "shark tank." ♪ jared joyce, a serial inventor who's hoping to sell the sharks on one of his many ideas. this is going to be fun. my name is jared joyce. i'm an inventor/entrepreneur, and today, in exchange for $250,000,