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tv   Mad Money  CNBC  January 25, 2019 6:00pm-7:00pm EST

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dan. >> facebook, let's be cautiously optimistic i'm not buy calls but i like the idea of buying call calendars. >> sell amazon and buy bonds all right. that does it for us on "options action." catch us next time at 5:30 jim and "mad money" start right now. have a great weekend >> my mission is simple. to make you money. i'm here the level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now >> hey, i'm cramer welcome to mad money welcome to cramerica other people want to make friends. i'm just trying to make you some money. call me at 1-800-743-cnbc or tweet me today we had a nice session, dow climbing 184 points. nasdaq falling 1.29% but that's not important now
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because next week is the super bowl not the pats versus the rams hey, we all know that game is a foregone conclusion. no, i'm talking about the earnings super bowl where more than 400 companies compete for attention as they report the results over the span of five ridiculous days. yeah, it's the busiest week of the year and we're coming in hot, maybe too hot hope that the government shutdown might end, hope that the fed won't surprise us when it meets next wednesday and chairman powell conducts his q&a session. maybe there's too much hope and too much hype going into the big week as i always call it especially out of the big rotation out of the safety stock and into the beaten down stocks today. who kicks are up it is caterpillar on monday. if you're worried about a global slowdown, especially in china,
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you think cat would be a perfect short here but you know what? i beg to differ. i believe caterpillar can make a ton of money at this point in the cycle. and unless there's negative commentary, this stock could fly. i worry that cat's management has a bad habit of shooting itself in the foot during the conference call. so be a little careful why don't you listen to the whole call tuesday is tense we've got verizon which has been one of the best performing stocks around when you take into dividend consideration but this is exactly the slow and steady stock that got punished this week. i bet verizon puts a good number i just don't know if it will be enough to help the stock it will stay on love unless management does something drastic to unlock value. controversial, 3m. after a bad year, 3m is finally starting to rebound. and if you do it again, i've got my prediction.
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it's pain. we also hear from allergan brent saunders spoke a pretty good game when we talked to him out west earlier this month. i expect a strong number and some positive news perhaps about allewgan's upcoming migraine drug the stock for apple screamed higher today it was up more than 3% it made very little sense to me especially as morgan stanley had a ho-hum note about it apple preannounced a bad quarter a few weeks ago. i believe this has continued so it could impact sales and maybe more importantly, the service revenue stream which some people think is decelerating that's one reason i keep pushing apple to make some health care acquisitions, doing something dramatic could give this stock its mojo back. i am still getting incredible tweets about this epic, epic merger wednesday morning, we hear from boeing, att and mcdonald's i'm sticking my neck out right
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here i think all three could be great. yes, great the conventional wisdom says boeing is hostage to china, but i think it's the other way around i'm not kidding. boeing needs them, one out of four goes to china, but china needs the planes when att reports, we'll see how its cash flow was bolstered by the time warner deal meanwhile, mcdonald's has delivered and delivered and delivered again. i bet it happens mid day, the ice man cometh. i'm talking about the fed chair. his last indication was he wanted to wait before he tightened again. i feel like the guy that was trigger happy. if powell focuseson how hot th economy is, i think that's a signal we'll be getting another rate hike next month he may also talk about dumping the fed's long-term bond holdings it's a de facto tightening this guy can be a one-man wrecking crew if we're not
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careful. after the close, we have a boat load of controversy. if you love the tesla, you're free to own the stock, but tesla needs too much money if you're in the action alerts plus.com club, you're well aware of our position on it to this point. the ceo of facebook defended his company, weird timing. zuckerberg needs to talk about the return on investment from the projects and he needs to tell us if facebook can make money now that they're no longer merchandising your data, something he said facebook doesn't really do in that piece today. i found it quiz kal. is sheer a good one, microsoft. this company has been on fire, especially wiits offer of azure we need more time to understand and digest these conference calls which is why wednesday is such a nightmare
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thursday, we have two book ends. we have general electric in the morning and amazon in the evening. i worry about ge the stock has been creeping ever higher yet analysts have said there is no reason for ge to be running this year. i don't know the company's cash needs are so humongous that its earnings haven't mattered but i bet the aerospace division will be fantastic. still, ge needs to raise more money. so we need to know how health care looks as a stand alone business there might be a reason that the stock brand could run some more. amazon is a quandary this stock is the largest position in my charitable trust is getting too much advanced attention from the bulls happened today in a piece of research that's worrisome i want all expectations washed out of amazon stock before it reports. i want all the fluff gone. that said, amazon's web services businesses and retail are
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remarkable and it's remarkably the most innovative company on earth. finally on friday we have honeywell. we got fabulous numbers from pratt and whitney and the results i expect to get from boeing earlier in the week merck reports, oo. we suggested they spin off its animal division to unlock value. i don't think they can do it that fast, but the key to their franchise will shine when the company reports. walmart has had a remarkable come back this year. does it mean anything? let's listen fossil fuel, no, but i think both companies have a positive story to tell because of the oil stability of late. the bottom line, next it's about the cappuccino with three sholths of nitro i've often pulled all nighters this week like i'm back in college, but can you blame me? i left about two dozen companies out because we don't have enough time to highlight them
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this is the earnings super bowl, people as next week goes, so goes the next month and then some. let's go to greg in new jersey greg >> caller: bu ya, jim. thanks for taking my call. >> my pleasure >> caller: i want to ask you about century link you recommended at&t because of the stock price. century link appears to be the same story except the dividend yeerd is double at&t's, around 14%. what do you think? >> i think a 14% yield is what i call a red flag. there was a really negative piece out this week, a real big downgrade. and the downgrade made me very concerned that that dividend -- >> sell, sell, sell. >> -- may be a miracle a year or two from now next year, it's the business time of -- this is our super bowl look at these days and this is a fraction of who reports. on "mad money" tonight, senator
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elizabeth warren hasn't minced words when it comes to wells fargo and the ceo to be fired. with whispers she might be prepared to jump into the presidential race, i'm asking the big bank how he's positioning himself against political pressure then, are you down with ott? which could peg and how does a 35-day you shutdown change the dynamic of the trade war i'll give you my take. stay with cramer >> don't miss a second of "mad money. follow on twitter, 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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but you only hear about the feds cap on a company's growth or senator elizabeth warren demanding heads rolling or the cross selling scandal from years ago, which was a bad scandal i'm not denying that earlier, i got a chance to sit down with tim sloan, wells fargo's president and ceo. i want you to hear his side of the story. >> tim, you became ceo in october 2016 you vowed to turn it around. where are we in the turn >> we're making a lot of progress, jim. by the way, thanks for having me on the show. >> of course >> it's good to see you. when i stepped in, jim, i promised that we were going to look all across the company, look for things that were broken, look under every rock, open every drawer and we've done that we found some things but i also promised that if we found some things, we were going to fix them we were going to make things right by customers and we were going to be very transparent about it and we've done all that. in addition, and more importantly in terms of looking to the future, right, we've
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changed and upgraded our leadership team both in terms of terrific leaders internal as well as folks that we've attracted from outside the company which had been terrific. we've reorganized the company. we used to be much more decentralized and we've centralized all of our enterprise control functions, risk functions, things like that we've changed the way folks are compensated in the company, which we can talk about. and then we've introduced a lot of new products and services so we've got more work to do, but we're on the right path. >> when i spoke to you after the quarter, you said listen, there's some pluses and minuses. and i know you want to play offense. are you beginning to be able to play offense after having to play some defense because of the political environment and also because i know you weren't happy with what happened the previous year you became ceo. >> we are playing offense and i think the fourth quarter, which is not the greatest -- it was a great quarter, right >> you may that kind of money. >> we made $6.1 billion in the
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quarter. and when you look at our earnings per share for 2018, $4.28, it was the highest earnings per share in 166 years. so we're definitely playing offense. how do you see that? you see that deposit growth up year over year, right, from a consumer standpoint. and you see that not necessarily on the wholesale side and also on a sequential basis, but you also see loan growth our loan growth in the fourth quarter was the strongest that we had seen in two years, two years. and it was across the border >> it's not being hurt by this government shutdown, is it >> no, it's not. the government shutdown is too early to have an impact on the underlying business. but we've got to take keir of these folks that are not getting paid, jim. we've got to do that >> let's talk about that can you do it? wilbur ross, commerce secretary, said back today pay is in effect
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federally guaranteed can you guarantee that your bank will make the loans to these people >> so here is what we're doing, jim. so we have 750,000 wells fargo customers that get a direct deposit from the federal government so what we did, effective the first friday that some of them were not getting paid-- and we're not trying to differentiate who is working, who is not, who is getting paid, who is not, we're just saying as of november of last year, you had a direct deposit which was the most recent information we had, we automatically started to wave overdraft fees. we then reached out to customers to say, look, if you're affected and you've got a loan from wells fargo, give us a call. wenow have 14,400 customers that are in this discussion. we're going to waive fees. we've done that. we're going to extend payments, whether it's a credit card, mortgage, you name it. that's what they're asking us for right now and that's what
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we're doing. >> let's talk about wells in terms of where it is 400 millions you're giving for community, those of us who have been involved with wells fargo know wells fargo is very giving. you have made efforts in the california wildfires just today to help and, yet, when i look at the papers, there's a congress person from california, maxine waters, who wants to have hearings about what the banks have done. senator warren, you have a target on you from senator warren how do you reconcile some of these things you're doing, apparently, with what happened in the past and what the senators and some of the house want to do >> yeah. so really good question. first, thank you for acknowledging the fact that i think one of the greatest things about our company is our commitment to communities and making a difference. we know we can't be successful without making a difference in communities. you mentioned the commitment that we announced today, $3.75
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million to the butte strong organization which is organizing the recovery of paradise, california horrendous loss of life. jim, we had team members that lost their homes that lived there, lots of customers we're going to make things happen there but in terms of the -- >> but, you know, senator warren would say, listen, tim, you were slow to see the harm you caused when you -- this is from the outside, when you did the outside investigation. slow to see the harm where you said we failed to see the problem for what it really was elizabeth warren is using that against you and saying, frankly, you must be fired because of those statements and your lack of supervision so you may give the money, but here is a senator of the united states who wants to run for president. tim, she wants you gone. >> well, that's -- she can have that opinion, jim, right i think i'm the right person to run this company today and i believe that, one, because i care deeply about this company. i've been there for 31 years
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i know how the company operates. i've taken responsibility. i don't think you should be criticized for taking responsibility, acknowledging mistakes you've made, which we've done, and then moving the company forward. judge me on what i said we would do and what we've done and i think based on that, we're making progress. >> but here is a person who is a very persuasive person in a lot of ways. she will be on the stump and one of the things is she wants tim sloan fired because he failed to surface. would it ever be to the point where wells fargo, the directors, say tim you're a liability and you have to resign >> i think if i'm not doing my job as opposed to somebody having an opinion about me, right, that isn't always informed opinion, right, then of course it would be appropriate that i'm not in this role if i'm not getting things done. i work for our shareholders and i work on behalf of the board, right?
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they have high expectations for me and i'm exceeding those expectations >> look, as someone who follows stocks, frankly, i'm shocked that you have a 10 pe. this is wells fargo. i'm shocked that you have a very high yield, maybe the highest of the major banks. >> with the dividend increase last week to 35%, we're now at about a 3-6 -- >> do you think it's this federal reserve consent decree that has a cap on what you're able to do i don't get it you're almost back to the $3.3 billion in terms of shares before the crisis. so is it the perception? how much business have you lost because of the cross sell investigation? >> you know, we haven't lost a lot of business. but there's no question that given the changes that we're making at the company and given some of the reputational issues that we've been dealing with, the rate of growth has slowed. i'll give you an example >> okay. >> so if you look at primary checking account growth in our retail business -- >> good judge. good judge which is for customers who say
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you're my bank you get lots of debit transactions and all the like. in the fourth quarter of 2016, primary checking account growth ground to a halt it was zero percent. is that an ivendcation that we're losing customers no but the growth stopped fast forward to december of last year year over year growth was .7%. so we're going in the right direction. still not back to where we were before now as of this, the end of december, we're at 1.7%. so you're seeing progress. so it's not a huge loss to customers. it hasn't had an impact on our growth but we're moving forwards. when you look at the fourth quarter in terms of deposit and loan growth, you see a lot of really, really good signs that we're making progress. we still have more work to do. >> but i also saw, good, lock growth as you mentioned. i am concerned about student debt i know elizabeth warren says you charge more than anybody else on that i'm not sure if that's right you're obviously a big mortgage
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lendser. i'm concerned about housing and i'm concerned about the comments that warren made about your highest fees where are we here? >> so, again, let me make sure we're clear on a couple issues one, there was a report that came out by the cfpb that said when you look at the student card that we provide, that our fees were higher than others >> well, 573 banks, they said you were the highest >> right what they didn't describe, right, was the functions and the services that we provide to those customers were broader than on average, right now, having said that, jim, we're looking at the services we provide, looking at the prices, making sure that it's done contractually. we may make some changes because of that, right but we're not overcharging anybody because it's not as if the prices that we're charging our customers -- most of this is free, right. >> right >> atm fees and overdraft fees
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let me mention something about overdraft. one of the big changes that we've made over the last few years has been innovation in the company. how can we use technology, how can we use information to provide and allow our customers to fulfill what our vision is, which is to satisfy our commerce' financial needs and to help them succeed financially. so in the second quarter of 2017, we came out with a new service called realtime balance alert. it's simple, right you're a customer. you say, you know what, tim? i'd like to know when my balance gets to be $100. why do you want to know that because you want to manage your finances better. prevent overdrafts, right? that's fair. so we introduced that service. you know how often we are sending out realtime balance alerts on a monthly basis? average last year, 43 million a month. that's impacted overdraft revenue, right, including the overdraft rewind product that we
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introduced in november -- >> are these allowing you -- i care about offense and i care about the state of the consumer. it sounds to me like the state of consumer is better. davos, they're all so negative, not hearing anything about recession. >> yeah. i was in las vegas seeing our team >> and then the second thing i sense is that the wells fargo, the politicians may be against it, but in terms of what we care about on mad money, we always care about ethics and i know we were very tough on mr. stump, the bank is kind of back >> we're moving in the right direction, no question about it. you can see it in our financial performance and the turnover of our team so voluntary turnover and the best job market that we've seen in our lifetime, our voluntary turnover is down to its lowest level in six years our team members are saying we love working at wells fargo because we've made a lot of xhangs if you have a workforce, a team member base that's committed to what they do, you're going to
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perform better >> and that's -- well, that's what i'm seeing happening. >> i want to thank tim sloan, president and ce of of wells fargo. this is wells fargo. thank you. >> appreciate it >> stay with cramer. ♪ the kenya tea development agency is an organization that is owned by tea farmers.
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can you hear me? ...shape the possibilities of tomorrow. u.s. bank the power of possible. you don't need to be a professional money manager to come up with great ideas you siercmply senate to keep yor eyes open in your day-to-day life, notice what's going auto around you and do your homework after you spot a new trend that looks intriguing think about your own spending habits, please here is a textbook example cord cutting, the catchy name for dumping your cable tv provider and switch to go a butch of streaming services. netflix, hulu, the cnbc app.
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even if you haven't cut the cord, i'm guessing most of you use these services to play through shows to your television by the way, my youngest did cut the cord and it's embarrassing for me, but i'm putting it out there because i couldn't believe she did it a lot has been spilled about cord cutting about it laying west to the cable industry i think it misses the point. the real story is the rise of the streaming services and the hardware that let's you watch them on your big screen tv the technical term is over the top content. that means any content that you can stream directly over the internet old school media companies have started embracing this technology with gusto. there's a whole infrastructure of gadgets that make it all possible i haven't talked about any of these on the show so i'm trying to change it tonight maybe you're watching me on one of them right now.
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hi so now you've spotted this theme from your everyday life, but how do you play it you do your homework, figure out which ones are worth earning we'll start with the over the top devices and ecosystems, an overused one, a trite one, but one that works after the break, we'll get into the content providers. it starts with hardware. apple, amazon, alphabet are the dominant players here. these companies are so huge that they're over the top businesses are too small to move the needle still, you have the slick apple tv which plugs into the vast online video store that is itunes and i like anything that boosts apple's revenue stream amazon has a whole family of devices that let you stream content in yao house the device knot what matters to amazon on amazon prime, 100 million
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subscribers have access to content and this is a gateway to amazon's retail business alphabet has their own video apps and they own youtube. it's one of the most attractive skinny bubbles that's like an over the top traditional cable package. it's an over the top space, but it's barely a needle mover for them investors care about paid search that's the core business one day it will be different drives me crazy. so if you want to invest in the over the top renaissance, you need more of a pure play perhaps a pure play like roku. here is a company that sells both hardware just like the apple tv or a chrome cast and software, maybe a streaming service. roku, you use their platform to access other company's streaming
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apps originally roku was all about selling devices. they hooked up with a host of platform developers to get the platform installed roki gets its licensing fee from these companies, but their primary revenue comes from selling ads on their streaming platform however, i have to admit that i've got a backtracker record on this one ever see on tv anyone saying i have a bad tracker, here we are. i warned you off of roku because i was worried it was too expensive. the stock, not the device. i figured amazon and apple would eat them alive but i was dead wrong roku changed its business model and focused on proprietary software the stock went from $44 to $77 in its peak last fall. over the course of that run, i started getting more positive.
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then roku got obliterated during our further quarter, the stock plummeting to $26 at its lows. that was the day before christmas when all through the house i told you there was outrageous selling and no investigation. however, it was punished far too much and started rebounding almost immediately three weeks ago, roku preannounced key operating metrics and the company blew away the numbers with an active accounts up 40% year over year and streaming hours increasing by a stunning 28%. the stock popped 25% in a single day. although it gave back some of those gains when andrew lepp came out and called it uninvestble because he believes the risk war is no longer in the short's favor. in short, rku is a battleground. it's pretty expensive on a price to sales basis and it's not yet profitable if you really like the over the top story, you have my blessing
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to buy this one, please only for speculation and keeping in mind that i did not do a good job at picking the direction, even though i kind of knew the story. well, did a lot of work on this story, but i was back on amazon and they were wiped out and amazon didn't. finally, amazon was a counterintuitive one i'm not just that because they're part of my charity and trust. comcast has been trying to rebrand itself as a connectivity company. i thought after this week's report they are not just trying, they've succeeded. and they have a fabulous new box, which i love, called the x1 which includes a user friendly over the top interface it let's you switch seamlessly between cable channels and netflix. i'm a fan of comcast people see this company as a victim of poor cutting, but these guy provide broadband essential and they have their own over the top setup plus the stock sells for 12 times next year's earnings
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comcast reported a dynamite quarter and they have this sky asset which is showing some great numbers. bottom live, the over the top renaissance has become a powerful theme, but there aren't that many way toes play the infrastructure side directly roku is a pure play but it's risky and only for speculation or you can buy comcast, but the real winners are the streaming services which i am going to get into after the break but then you have to stay with cramer building a better bank starts with looking at something old, and saying, "really?" so capital one is building something completely new. capital one cafes. inviting places with people here to help you, not sell you. and savings and checking accounts with no fees or minimums. because that's how it should be.
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i'm always telling you to search for companies that are harnessing powerful, long-term themes and you don't need a fancy schmincy research department some of them are staring you in the face like the rise of the over the top content. meaning streaming video directly from the internet to your tv something that is increasingly replacing cable as the entertainment option choice particularly for the younger generation we've talked about apple, amazon, roku, even comcast they have the hardware, they have the ecosystems. but when it comes to over the
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top entertainment, that's not where the big money is no in this business, content is king so let's go over the major over the top content providers, some of which are obvious and some of which might surprise you first you off, there's the elephant in the room and that is netflix. regular viewers know the story netflix has gone out to create the world's best library of content for a global audience. the software keeps track of what millions of people watch, how long they watch it, what they watch next they know their preferences. then they flood those markets with content that will resinate with viewers, artificial intelligence for years, wall street thought netflix spent too much money on content. despite those worries, because the company has had incredible subscriber growth. their services are such a bargain. something they did just a few
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weeks ago. netflix reported last thursday nice delivering results. the stock has pulled back a bit since then still, netflix was run up too dramatically before the end of the quarter. long-term, though, this is an exciting story the ceo explained on the conference call there's a billion hours of television content being consumed in the u.s. today and netflix is winning about 10% of it. that's why he's adamant that there's more from competitors. i understand if you buy the stock here, you are chasing. and i am a no chaser guy next up, this one may surprise you if you haven't been paying attention. it's disney. yeah, disney a lot of people think this company has been the poster child for the pain of cord cutting. but disney's ceo, bob iger, he's trying to turn his company into a streaming video powerhouse
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i think he's pulling it off. last april, disney rolled out espn plus, that's their espn over the top offerings for $4.99 a month. this thing is on fire. it's picked up about 500,000 subscribers in the last week i think espn plus is a big quinner. thanks to disney's act sigz of the entertainment assets, the company is going to have perhaps the best library of content in the world. plus they have an interest in h h hurlu. in the end, when it comes to streaming platform, i believe the best content will win and disney has amazing content oh, and the stock sells cheap, 15 times earnings.
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i think it's a buy ahead of a compelling analyst meeting where bob will lay out all the things i just talked about and then some third is att it's a traditional tv business both its fiber optic network and by directv which it bought a few years ago and some people regard it as being a questionable asset. i don't know we'll hear more about it this week the real jewel in the time warner crown is hbo. hbo is a streaming subscription service that costs $15 a month i think the customer basis is incredibly low at the end of the day, you don't buy att for a media business you buy because it's a huge telco company with stocks in a 70% yield. i don't think they'll blow anyoneway, but it's a huge dividend because the company has a ton of cash flow, including, surprisingly, when they bought time warner, a major part from time warner.
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they spent a lot of money for it, the cash was going the make you feel confident in that dividend the truth is, tons of companies are getting into the over the top space. world wrestling entertainment has an incredibly successful streaming service and the stock has nearly quadrupled over the past month or so now all the sports organizations are following in their footsteps. cbs was one of the first major services to roll out a standard subscription service it's $6 a month or $10 a month if you want to skip the ads. anyone who spent the last decade fast forwarding on their dvr is going to want to skip the ads. again, small piece of the pie. i expect almost every other network to follow in their foot steps. i'm betting that viacom and cbs re-emerge. here is the bottom line. you've seen the rise of all of
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these streaming services so if you want to invest in the over the top renaissance, i say wait for a pull back in netflix or pick up some disney ahead of that all important april analyst meeting. "mad money" is back after the break. his family. his steinway, which met a burst pipe. so grant met his insurance: you are caller number 12. which didn't quite cover the steinway. but what if he'd met pure insurance? owned by members. he'd have met: lisa, your member advocate. who'd introduce him to gustav: leave it to me. a temporary address, temporary ivory, and help him get tickets to the mozart festival. excuse me, grant likes beethoven!
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uh, the beethoven festival. pure. love your insurance.
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and everyone i've ever opioloved away from me.thing everything. i blew my ankle out and i got prescribed pain pills by my doctor. if making my detox public is gonna help somebody i'm all for it. i just wish i would've had a warning.
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it is time it's time for the lightning round. buy, buy, buy, buy, buy, and then the lightning round is over are you ready, skedaddy. time for the lightning round anthony in florida >> caller: hey, jim, bu ya >> booyah. >> i want to know about crono stock. is it a hold or a -- >> congratulations they've got a very important tie up without you we have been recommending, just so you know, that canopy is the best, but cronos is second best. let's go to bob in new jersey. bob. >> thanks for taking my call, jim. genetic therapy stock, nvta
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symbol >> if you're going to do targeted cancer, you need a company like that. they presented very well at jpmorgan i'm going to say bye, bye, bye jenny in new york. jenny. >> caller: hi, jim thanks for everything you do to educate the inl investor >> that's the plan that's what it's all about >> caller: on a cyber security business, fortunate, the ticker is ftnt. >> this is a tough one i like paloalto networks which my charitable trust owns and i feel great about we're not done we're going to david david. >> caller: jim, a booyah, baby >> sounds good what's up? >> caller: my stock is come score, ticker symbol scor. what do you think about them competing against the likes of nielsen? >> yeah, you know, i think this is a victory that they've had
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versus nielsen i don't want to touch it it doesn't have the growth that i need jack in ohio, jack >> caller: hey, thanks for helping me out, jimmy. it's a dividend play >> yes >> caller: hey, the yield is creeping right up underneath 5% which is pretty good dominium energy d. >> this is all tide up with a south carolina acquisition just stand there and buy it. they have low power, smart guys, a fantastic l&g operation. export we're notdone. i'm going to ann in northern virginia ann! >> caller: good evening, mr. cramer as i refer to you over a decade ago in our last call, dancing tinsel man >> geez, that was probably like ten years ago. >> caller: yes and that's the at the i set up an e trade account and i listened and took your expert
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advice my i.r.a. amount doubled >> all right that's good. >> which gets me to ask what is your opinion of the e-trade stock? >> i think it's good how there was just another annihilation in the stock market and more individual investors left which makes it tougher for me to recommend any of these stocks there are no refs in our game, no one is looking out for the little guy .it's driving me address. connie in florida. connie >> caller: thank you for all that you do, jim i'm a first time caller. >> first time in a long time what's up? >> caller: exact sciences. i'm looking at a 67% increase for the past year. i took some off the top, $70 would you sell now before the earnings call in february or -- >> well, they kind of preannounced they told you business is incredibly strong, but you know what i would hold on to it. it's doing quite well. and that, ladies and gentlemen, is the conclusion of the lightning round!
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time to play stump the chump. new week plus, i'm talking logic. back up there. no, you've got the wrong thing in there trade talks. oh, hold it. stop stop that is the last thing you would try, right
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see that's funny, i thought you traded options. i'm not really a wall street guy. what's the hesitation? eh, it just feels too complicated, you know? well sure, at first, but jj can help you with that. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to main st. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? it's just complicated. step-by-step options trading support from td ameritrade
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do you want to know why i'm so confident that we can beat china in this trade war?
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china's unemployment rate is at 4.9%, headed sdward 5% our enemployment rate is at 4% and flirting with 3% and change. the chinese economy has decelerated dramatically with its slowest growth rate in 28 years. the american economy has its lowest jobless claims in 48 years. their stock market is down in the last year and it would be even lower if not for government propping it up let me put it another way. the chinese communist government seems genuinely worried about workers who get laid out whether they do it out of the goodness of their heart or because jobless leads to political instability, it matters to them. our government can't even pay its own employees. just yesterday wilbur ross came on squawk box and said he doesn't understand why government workers need to rely on food banksto eat.
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let them eat loans that's why i keep telling you that when it comes to the trade war, china just has so much more to lose than we do in the long run, it will be cheaper for them to come to the table and give president trump the conseps session he wants we've had to listen about how the chinese hold all the cards, but as i've been saying all along on this show, china is a paper tiger. our economy is very strong th their economy is in real trouble. our financial system is so sound. our banks reported record earnings their banks, teetering you almost never hear about our companies impacting tariffs and goods. meanwhile, we have a president who doesn't seem to care about the profits of some american companies that may suffer from this trade war, including one of our largest companies, apple
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he doesn't seem to care about his own popularity, either in short, the chinese have to come to the table. they justhave to we can afford to wait this out they can't despite the protestations of the intelligent, pitiful helpless giants does have all the cards so there should be a lot more hope that the chinese will give in sooner or later they have to. [knocking]
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socks! & you could send him a coupon for that item. the semi conductor move is very powerful. intel, which is the grandaddy of the group reported a bad number. its stock got him. lim is still climbing. texas instrument is still going up nxp joined the break broad come is good finally, amd i think amdlty 21 is in the right spot now that we know that intel is not taking back the share that it lost to amd. so 21 bucks, i think it works. as a matter of fact, i still think that all those stocks work i sure hope we get a little breather so i can push them harder again i like to say there's always a bull market somewhere. i promise try to find it just for you right here on "mad money. i'm jim cramer and i'll see you tomorrow.
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>> 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." ♪ i'm dallas robinson... and i'm mike buonomo... (both) and we're from salt lake city, utah. we first met in college, and we just kinda clicked. some ideas just percolate up. we've created something that creates a chemistry between two people that's absolutely amazing. yeah? yeah, i think that's right. we grew up with a very strong moral background, and we always walk, uh... (chuckles)

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