lennar >> guy. >> i think the weakness in ebay, and if i join the site today it's the first time i'm ever on the site but if you buy the weakness, it's ebay. >> thanks for watching see you back here at with jim starts right now my mission is simple, to make you money i'm here to level the playing field for all investors. there is always a bull market somewhere. i promise to help you find it. "mad money" starts now >> hey i'm cramer welcome to "mad money. i don't want to make friends, i'm here to make you money call me. tweet me when is a miss not a miss? that is the question when the stock siis inexpensive and void of any love, that's when -- >> that was easy >> and if it's not hammered

ahead and too much love, you can be eviscerated thank you, nvidia. dow gained 52 points nasdaq lost .8%. that could reverse tomorrow. well, we have to talk about mrs. habersham. great be expectations. let's start with five good misses yeah i got five of them i want to give them a hug. what i'm talking about is 3m, pfizer, whirlpool and best for last -- need i say more? this morning at 6:30, 3m was green with boos. the company widened the range. that's a sin if you lower the bottom of it, isn't it that's exactly what happened which meant the company is more cautious than we thought it also cut its year forecast from $10.60 to $11.05.

really scary in premarket, the stock immediately fell to -- from 193 to 187 it was a gigantic air pocket i couldn't believe it! it was a jarring decline makes you wonder if after months in the wilderness 3m is giving up the ghost and everybody onboard is done. but then a funny thing happened. not too funny if you sold it the stock started walking its way back up. buy, buy, buy. the less hair trigger traders digested what we call the deck, the big set of slides that tells you how the company really did what did people see that turned this stock around. it is 7:20 a.m. that, is 50 minutes after it reported it was up three points or nine from the bottom created by morons they looked at the fine print. that's what they did they looked at the key health care division. really disappointed in the previous quarter instead of being down, they had sales up 2.4% in u.s. dollars.

4.8% in foreign kucurrency they had given up one. most 3m camp followers believe the 3m would not only show no progress in the quarter after disappointing numbers, but, well, let's say they expected a real disaster. expectations were about as low as can yyou can get. instead of a stock that can go down on the shaded forecast, you have one that surprised. what had been the quiet consensus. we call it the wisper. it was below the numbers the when whisper was lower. buyers could not resist the tas tasty morsel one more thing, lots of the weakness that 3m did have, can you imagine what would happen if we got a trade deal? ♪ hallelujah ♪ zblo ♪ this stock may be ideal. it is a call on the talks.

the call on the talks that are going on starting tomorrow i think $197, you're not getting a lot of risk. okay, pfizer it reported in line. but slashed the guidance from $304 to $292 brutal totally brutal i don't know down 10, down 20, did it really matter the stock which went out at $39.50, immediately shed a dollar you could tell it was going to be a rough day for pfizer holders. that forecast gave you little to no growth. yuck but then more of that fine print triumph, pfizer reported some amazing fourth quarter operational growth 5% i was blown away by how stroung th strong that was. the stock came down from $46 to $39 ahead of the quarter with a great balance sheet, 3.5% yield and strong pipeline, a lot of option. fied pfizer at $38, it was a steal. it ended up 3%

people felt the guidance was in line you know what the most whacky one is put on the spin cycle. it is whirlpool. they beat the forecast earning $4.75, looking for $4.23. then it slashed the estimate the long knives were out she slashed the estimate $50.98 to 14 to $15. it was nasty i felt like getting my boeing knife out when i saw that slashing i felt like getting in the drier myself and putting an end to all this putting an end to the misery shoot. no one toll me you could do that the street went nuts with it the street immediately went nuts they want to bash the stock and it quickly fell to $116. the stock looked like the biggest loser of the day upon further review, the company

told a compelling story on a conference call. that is why the forecast put a lot of evidence in about why it could be the last bad quarter and the stock was down 30%, the sellers dried up this stock ended up 20 points from in a low. closing at $136, a gain of $12 the miss was regarded as a hit given how low this stock had fallen that's right we thought it was a miss right? we thought it was one of these but instead, it was a -- whoa. not bad. it is almost spring training amd, the rival nvidia blew up people assume the very worst from amd they didn't get it what they got was a quarter that met estimates and aid gun do& an lisa sue who will be on "squawk on the street" tomorrow being interviewed by me and the gang, delivered a not as good as expected quarterer when looking for a terrible nvidia like quarter.

sue didn't give you an nvidia. finally, finally, there is apple. yeah, apple. to heck with that. you know what? i got an idea. apple. we may get a permanent fixture okay finally there is apple oh, bear with me, will you there we go. finally, there is apple. what can i say about this one? we learn from tim cook, the ceo of apple that, why the company had the lower guidance earlier, things were looking up in the month of january that's a huge surprise given so many people including myself figure that as december goes and december was awful, so goes first month of the year. we know that apple didn't show growth because of china. business was down 27% as price cuts and weaker sales impacted the number negatively. emerging markets, very tough tricky terrible but the issue for those that hate apple, sorry guys no more ammunition bye haters bye haters for example, lots of people are saying there would be a

degradation of apple service revenue. didn't happen. stayed steady. some expected a slow down in the ancillary products like the watch. nope still on fire. fortune 200 company soon others believe there will be commentary about weakness in the ecosystem, key to the ecosystem no, i hear the opposite. for those that keep saying tim cook has got nothing big in the pipeline, hey, wait a second, i think you're going to be wrong he said there is a lot of good -- one more thing 40% cloud growth the news wasn't enough to save the bears. the stock is trading in after hours above the preannouncement price. is it back hey, we get a trade deal i think he got $180 stock up from 20 here there isn't that much risk now after we got the high sign on the january numbers. i couldn't have designed that better if i just came out of here with a band saw so here's the bottom line, expectations threw the floor and

you don't get huge blowups like nvidia, you have a fire and flame. and that is just what we got from the five stocks if our friend jay pal doesn't blow us up tomorrow when he does that federal reserve thing, i think we're going to be set for a decent finish to the week. how about we go to alex in georgia. alex >> caller: hey, jim. big boo-yah from super atlanta, georgia. >> good luck there how can i help >> caller: i want to see what the take is on square. sq we have major downgrade from raymond james today. >> wasn't that brutal? holy cow made me think, all right down seven you know, its a $28 billion company. i actually like it i like paypal more you know what? jack dorsey is doing a great thing with both twitter and square so jack, because i know you watch, or at least your dad

does, and your ma, happy birthday you'll do one block when you come on twitter. the next block is going to be square and then we had it all right. when you have low expectations and don't have a huge blowup, then you have tinder for a fire. i think we could have a decent week call me the apple polisher on "mad money" tonight, is there buy or more pain ahead i'll give you my take. plus, nvidia, if it's an earnings report is any indication, they can turn on a dime for the tech stocks are there names worth owning go off the charts to see what they say first, nue produced solid results. does it have the strength to continue to deliver sturdy returns? i'm talking with the ceo so stick cramer. >> don't miss a second of "mad money. followjim cramer on twitter.

have a question? tweet cramer, #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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few things have been more puzzling than the action to steal stocks president trump slapped a tariff on steel imports to protect from unfair foreign competition mainly, cheap steel subsidized by the chinese government dumped all over the world the finally ends up here the stocks have actually drifted lower since at announcement. they gave up on the whole group in october the darn stocks just weren't working. too many investors were worried about the impact of a worldwide economic slowdown. however, quarter after quarter, the results from the companies tell a very different story. take the best steel maker on earth. they reported a record better than expected quarter. tapping off a record year. they delivered 18 cent earnings, nearly in line revenue up 24% year over year they gave robust guidance.

demand is strong the stock rallied 2.9% it is well off the high. what is going on here. let's take a look. the chairman, president and ceo of newcorp he had a better sense of the corps and where it's headed. welcome back to "mad money." congratulations on an amazing quarter. >> thank you it was a record quarter for our company. a record fourth quarter for our company and grate year it was a record year. >> so let's talk about the cost of the tariffs when the tariffs were put through, we heard a lot of people saying this is really going to hurt the bottom line of many of your customers now i know you personally are in touch with all of your big customers because that's your style of management. are you hearing that you hurt them or that industry hurt them with the tariffs >> jim, let me tell you. 2018 was a record year for newcorp and our customers. it was a very good year for manufacturing in general when you look at 2018, right now

the manufacturing sector as a whole is on pace to earn the highest margin profit, profit margin since the beginning of the 21st century the manufacturing industry as a whole is doing very well other customers are doing very well. >> now did you mention right at the enof td of the conference c there are a lot of lines of business you have. how are they doing you have 24 lines. how many of them are doing well? >> well, when we look at particularly going into 2019, we monitor 24 down stream business that's we sell into. of those 24,we see 23 of them either remaining steady or increasing as we move into 2019. so we feel 2019 is going to be another strong year for our company. >> i want you to talk about your return program a lot of steel makers have not done that well for their

shareholders newcorp has a different style of management when it comes to the dividend and buy back. what does it look like if things are robust for shareholders? >> we have a policy that we return about 40% of our earnings to our shareholders. last year we announced an increase in our dividends of 5%. and along with that through our share repurchase program, we reduced our share count by 4%. that's good news for our shareholders >> all right you're putting up a new plan president trump yesterday tweeted that the tariffs have really helped steel companies be able to recoup some of the losses they've been experiences without a level playing field. i mean, it's important that everybody realize who have been following you that there were many countries, particularly china, dumped well below the production cost. that seems to be over. talk about the big win for u.s you are building a giant plant in this country. >> we are, jim

we're really excited about that project. our investment will be $1.3 billion it will be located in the midwest which is the heart of the consuming market in the united states. and by the way, the midwest is also a very scrap rich area. so that will help us also. we're excited about this this will be the most modern state of the art mill in the united states. it will have technological capabilities that will allow us to produce 97% of the type of plate that is consume in the united states today. >> would you have wanted to or would you have feared bulling that plant if it were not for the tariffs? >> absolutely. when you look at the amount of plate being dumped into this country three, four years ago, it would cause us to hesitate before making such a large investment but given what is happening with the tariffs and the leveling of

the playing field, we are confident as i said many times that if we had a level playing field, we would compete successfully against any company or country in the world. getting this level playing field has enabled us to make this investment, create these additional jobs and, jim, as you know this is only one of the new plants that we're building we're currently building two additional mini mills producing rebar product and currently investing today about 3.2 billion increasing our earnings capacity through investments in new facilities and organic growth in our existing facilities. >> let me ask you one last question i want people to understand the magnitude of this. you said in your release, high strength low alloy beam. this is a product line more than doubled in 2018. using that as an example, how did that more than double when many people are worried about the slowing economy? >> well, for one thing i would

mention. this is a technological advancement that we made producing a very special type of steel that brings benefits to the consumer of steel. this is a product that is not available in the united states previous to our investment in the model steel. that is another example of the tariffs giving us the confidence to make the investments thaend that end of creating jobs and business for american companies. >> soun like the american steel is back. >> it's great to be back. >> i want to thank you i know you have a record of not laying off employees that many other people would never think of being able to do in the steel business i think it's worth call calling that out too, sir. >> thank you, jim. >> thank you okay that's that's the newcorp chairman and ceo the tariffs helped a lot of people said they don't. you heard about new jobs coming to this country that would not

have otherwise been built. stay with cramer this is not a bed.

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sleep number 360 smart beds. ends wednesday. i know the action in the stocks can seem arbitrary. i get that more often than not, there is some method to the market's madness. it's a case of nvidia. the maker of graphic chips have gone from a market darling to a total pariah in the span of four months you may think it's redig lutz th ridiculous that this stock got hammered again down $6. on top of yesterday's brutal 22 point pummeling. you may think it's excessive haven't they been punished enough already shouldn't we relent?

isn't this just too angry and mean and sad 40 years in this business, there is no way they're going to rebound today or stabilize not off the country pronounced some heinous numbers there's a attern the stock has more down side i'm sure it will bounce after the apple number, yeah listen to me here. you know what? i found myself thinking that nvidia didn't get hit harder they announced a huge revenue miss one of the biggest i've ever seen they talk about a whole new area of weakness. the one smoking data center segment when they disappointed last time, they blamed it oun the collapse of the cryptocurrency market. but this is a much, much, much worse short fall it was far bigger than crypto. it was fantastic now the chinese government

cracked down on video games. they owe a huge chunk of the data center. there is mainlior overhang in the data center buildout it is giving the suppliers indigestion. there are still cryptocurrency holdouts returning their high end nvidia graphics processors to dealers when they capitulate. that creates even more excess inver torre, something that amd has. amd has other businesses doing better those are the obvious negatives for nvidia on top of that there soot problem that is not getting enough attention nvidia is in the midst of the huge tranigs to the new touring graphics cards and the company initially priced touring too high they had to cut the prices dramatically demand is tepid. it feels like nvidia got too far ahead of the actual video game industry curve there just aren't that many tight tha titles that can take advantage of such graphic hardware that's yoiwhy i won't write them

off. i just want the stock to settle. you know what? that move actually made sense to me the stock is almost always taking out the 52-week lows. down $7 from the intraday low yesterday. the stock rebounded at the end of the day like somebody sounded an all clear. told you it was safe to buy. closing down $22 that's crazy the company preannounces a short fall at a gigantic die down, it is much worse than people believe, you expect that crash to stock through the 52-week lows that makes sense plus the bounce was totally out of sifr cync they like to show customers,

they have an average price that is better than where the stock closed at. in other words, you compare the price that they gave you with the closing price to say i did better of so they have a power insentive to jam the stock down tend of the session. that stuff really does kerr. it didn't happen this time too many investors waiting on the sideline to suffer major decline so they can pounce on it these impatient buyers, and i don't want you ever to be one, dhoent steam to care whether they play 128 or $138. perhaps they knew enough not to buy nvidia at $238 or traded a few months ago i it this bargain hunters believe that long last the stock is finally cheap they view it as a reason to bichlt it was a stop sign. maybe the traders don't get it maybe they haven't been around

long enough. things have been so positive for so long, you have twonder if there is a new generation of managers that don't understand when a company preannounces like this, there is not that much hope that next quarter will be any good either. management would just shut up and wait it out. buyers are getting slammed today. analysts downgraded the stocks or cut the price targets nvidia got taken to the woodshed contrast contrast that with caterpillar the stock quickly shed 13 points i thought that was excessive i thought that was too much. at those levels, they sellfor 10 times earnings for heaven's sake this is a bit discouraging the problem are isolated to china. if we get a trade deal with the chinese, caterpillar rallies 25 points most importantly, they didn't bounce yesterday closed up just a point from the train day lows that put the stock into a better position to bounce back today climbing 1.7%.

the company expected to earn $5.87 per share this calendar year that's actually down from $7.03 last year. down 2019 is going to be a down year. the stock trade at 22 times earnings that is very expensive for a company with negative growth rate so where does nvidia deserve to trade. sn i spent years tracking the preannouncements the stock almost always take out the previous low when nvidia was trading at $124, xbekt wwe expected it to be better if you really want to bargain hunt after a nasty preannouncement, wait for the stock to take out the lees befolows before you buy it. that means you need to let it come down another $8 that is the take away from today's decline in nvidia. when a company hits you with a horrible preannouncement, you can't take out the stock nm it takes out $52 week lows.

then there say case to be made it may be worth nibbling at. you have to understand that buyers were way too eager with this one sometimes it's best to let a stock come you to like april dl. although at this pace, i don't know where nvidia will get to where it's right the stock market isn't always arbitrary and capricious when they announce a horrible number like ib individuala, it is much, much worse than when apple preannounced, you have to expect the stock will take out the lows f that doesn't happen on the first day, that doesn't mean it's bottom it just means you're going to get more weakness down the road. believe me that, weakness is worth waiting for. and the bounce i expect from apple and the not so bad news from amd, i think it's going to happen i don't think it will be long lived. loris in texas >> caller: hi, jim a big hello from the great state of texas home of the legendary dallas cowboys. >> legend in their own mind, sir. go head. i'm a peaceful man

what's up? >> caller: my question, jim, is about ericson. they put up a solid last fournl quarter. stock is up 28% year over year and now with the 5g buildup coming coupled with the recent setbacks, what do you think? >> okay. that's a great question. i have been working -- i cannot tell you how hard i've been working on ericson and nokia this is better than nokia. they don't have the technology that is as good as wawai they don't but because of the world ganging up on wawai, think you you're right and you can indeed buy ericson. and that is a qualified buy. the company is not as good as wabai. they can come on and tell me otherwise though i'm an open minded fellow. just like i said about the cowboys. how about doug in i willinois. >> i'm talking about the pfizer merger it's an all stock deal and stock prices are always fluctuating. should i sell. >> no!

no this is going to be the premier company. the combination is terrific. congratulations, frank a lot of people good money i like the combination we need more fintech you stay in it dean in ohio dean >> caller: first time caller, lifetime listener. boo-yah. >> first time, long time, love that. >> china mobile. chl. >> wow >> after building a multibillion fiber optic network across china, it has over 900 million subscribers. even lower pricing even lower pricing than a $10 currently charge higher pricing creating a win-win describes china mobile as among the cheapest stocks in the world. is it a buy? thanks for all do you?

>> it is cheap and, look, i have to give -- we did a piece the other day about companies that are large size china that we hike, not the little guys. china mobile is one of them. and alibaba is another i totally get. that but i am p concerned because i'm recommending china at this is almost a 52-week high okay nvidia is worth waiting for. it's i much worse preannouncement than apple the worst preannouncement and a love means the stock goes down apple was hated going into the quarter and so, therefore, apple is fruit of a different color. okay we have so much more "mad money" ahead. despite the semiconductors decline, i think that -- let's just say even though they're all over the place, i don't want it in your portfolio. and what we're going to do is go off the charts to find the semithat's i do like then we have to message jpal ahead of the speech. and tonight is the lightning round. so stay with cramer.

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last time i toll you this market is surprisingly resilient. even in the face of really

troubling data like the dismal forecast from caterpillar and inindividual yachlt a pair of houts ho household names. can you imagine if we got into the numbers three months ago the dow would have plummeted 500 points what changed at the giveng the fourth quarter, the federal reserve made it clear that they were going to keep raising interest rates come hel or high water four rate hikes and three more this year. but after three months of carnage, pal changed the toon. suggesting he is willing to exercise patience. hole off more rate hikes depending on what he sees in the data in other words, we're in a bad news-good news environment meaning bad news is going to keep the fed at bay. every disappointing earnings report gives him one more reason not to take. so negative numbers are going to be positive development for our broader economy. we'll find out tomorrow. but there is something else going on here. at least in the semiconductor side of things that is a red hot group until

nvidia it is a major chipmaker for gaming and artificial intelligence and self driving cars but whether the stock plummeted yesterday and a lot more today there was hardly any negative pit action for the semis they should have been flat like a pancake. instead, they just got dinged. some of that is because a stock oh, boy, a company i like, capital equipment company haen a stock i think is terrific. seem to call a bottom on the conference call with a $5 billion buyback. they said thing was get better the second half of the year. made it easy for investors to look past the grim forecast for the current quarter. the other major factor, i think it's the technicals. these stocks really got slammed. they've been rebounding dramatically i'm not sure what it would take to derail this move. so tonight i got to drill down on this idea which is why we're going off the charts, very exciting segment carolyn, brilliant technician, she runs a website and is one of my colleague at realmoney.com

and a total go to person for me when i'm saying what the heck is going on so let's take a look at this read on the semiconductors let's start with the weekly chart. the semiconductor etf. guys, when you're a hedge fund manager this is one of the etf's that you have at the top of your screen and trying to get a direction in the market. the semiconductor etf bottomed in late december so you saw the big, you know, boom look at this thing they just cratered bottom when and where. the methodology and suggest the it would remember how this works. they measure past swings in the stock or index and then runs them through the prism of the ratios that is a key series of numbers discovered by medieval godfather of mathematics caught you when she does this with the why axis of the chart price, it points her to crucial levels i know it's not even the worst it's where a stock finds a point

of resistance. she does it with the x axis which is time, it points her toward a particular period where a stock is most likely to change the trajectory. look at what happened with the sma. with the etf made the pivotal low in late december, $80 and change, it bounced off a floor of support created by a cluster of the price relationships running from 79 to 81. they also point out that you had a timing cycles. six of them in the last week of 2018 in short, she thinks we were due for a bounce that's exactly what we got question is what happens now where do the semiconductor stocks go from here? this is just history so let's zoom in on the daily chart of the smh now if the low the group made in december is a longer term bottom, then they say we can see some real upside from here based on the methodology, really, she could see the etfs falling to 123 come on, man that will be huge. or maybe even $135

that would be seemingly impossible 44% move stranger things happened that is not a sure thing let's not get too crazy. there are major hurdles we need to jump through before the semis can really take flight unfortunately, they're bumping up against the hurdles right now. what this is obstacle course look like? the estimation, $97. what is creating that? symmetry when the semiconductor index last gave us a sustained rally in may, it gained $16.53 they point out they rebounded and were in $13 from december lows that can mean that the current run is ready to run out of steam. i no he this is really crazy how stupid does the stock market have to be for a stock or etf to rally why the same amount of time after time? it's something a child would come up with you would be surprised how stocks trade and it really is how the smh trades so let's say the etf can clear the $97 ceiling?

then broeden notes we have to do another hurdle at $101 this is about symmetry when the smh rallied in february, it ran up $26.67 which would put us around $101 the current move turns out to be similar in scope these are the symmetries we're looking for. when it comes to this. but the biggest hurdle had as to do with the timing cycle as i mentioned before remember, when the semiconductor etf and the s&p 500 for that matter bottom in december, they both changed direction when they ran into a cluster of the timing cycles so in december when we were getting crushed a cluster timing cycle was good news. but now that the smh has been rallying a bunch of these timing cycles could mean that the semiconductor index is about to pull back. and broeden points out that we have a bunch of the cycles come due? between today and friday so let's put it all together

they need to run a series of charts if they're going to keep climbing higher. the semis need to get through this week without experiencing serious reversal maybe apple will help. it's not a semi, of course it may help. then the smh needs to rally 3 to $7 to clear the two ceilings of resistance f can you do that, they believe the semis are able to keep climbing that's a big if. we have good news after the bell amd disainterpositived as i said at the top of the show, not so bad that it didn't actually bounce. and apple is worth watching. but nvidia obviously on the other side of the trade. xilinx is still good the chart is interpreted by carolyn broden they're facing serious resistance this week that makes sense when you consider this is the heart of earnings season. if the semiconductors can make it to the end of week without rolling over that, will be a good sign. and the upside could be significant. but there is also a decent chance that we'll get slammed and retested the december low. holy cow at least you know what the technical levels are to look for. "mad money" is back after the

break.

it is time lightning round. buy, buy, buy, buy, buy. sell, sell, sell, sell, sell and then the lightning round is over are you ready? lightning round. let's start with david in new jersey david? kd hey, jim. a big boo-yah! from south jersey. go birds >> go birds. >> the recent earnings and the exposure to the real estate market what do you think about bank ozk? >> it zpt have the -- i need better than a 3% yield if i go into the regionals scott in california. scott? >> caller: boo-yah, cramer >> love that >> caller: this is scott from san francisco, california. how's it going, sir? >> just out there. terrific >> let me know when you're in town next time i'll buy you a cup of coffee

>> all right >> i have a lot of coffee when i'm out there. what's up? >> caller: hey, i'm calling about patterson uti. you recommended the stock two years ago at $20 now it's down to $10 >> paterson uti says it all. particularly uti i don't want to touch that one no, not with me. i sukt you go into schlumberger. go to dave in illinois dave >> caller: dr. cramer! >> dave! how you been >> caller: good. good going a little bit mad with that knife and baseball bat are we today? >> you know, what can i tell you? just having some fun >> caller: jim, on the chinese calendar, the year of the dog is coming to an end notwithstandi notwithstanding environment rest and the late day bug i like idxs. >> i agree with you. i is giving immunization to pets

you surprise me. you did not see my video where i renamed majrle xilinx. i mean majrle has xilinx all over him check my twitter feed. i like idex and xilinx xilinx ate a whole piece of shirt cardboard today. he is not brilliant. but he's got a great looking chart. let's go to jacob in maryland. jacob? >> hi, cramer. how are you what do you think about bbd. >> i say i'm going to send you to hp. hpq. >> let's go to damon let's go to damon. >> hi. this is jennifer i have a question for you. why not? >> hey, cramer i wonder what your opinion is on

the stock carvana. >> we would have like it if it is not selling cars. like at union pacific. i think you no he what we're not going to -- we're not going to go there. i'm not saying tvana it's car vana. i'm not kracrazy about it. >> how you doing, jim? >> how about you >> good. good my question is on abvi the current yield is 5%. >> they have to do an acquisition. people are very concerned that they are putting themselves out of business because the biggest drug is coming off pat enlt. it yeedz 5.5%. they ought to merge with someone. i don't know why they don't. the stock has been a straight line down. and that, ladies and gentlemen, the conclusion of the lightning round! >> the lightning round is sponsored by td ameritrade free access to every platform.

yeah, that too. i don't want any trade minimums. yeah, i totally agree, they don't have any of those. i want to know what i'm paying upfront. yes, absolutely. do you just say yes to everything? hm. well i say no to kale. mm. yeah, they say if you blanch it it's better, but that seems like a lot of work. no hidden fees. no platform fees. no trade minimums. and yes, it's all at one low price. td ameritrade. ♪ weveryone, looknk isn'tat your phones. the design thinking, the digital engineering, security, blockchain, and we will be first to market! yes. when we do we launch? unfortunately, in 2 or 3, hours. why the delay? cognizant is helping banks use digital technologies at scale to advance speed to market.

i don't need a phd in economics to understand the laws of supply and demand when supply goes down or the demand goes up, you better believe wiget prices are headed higher that's how the labor market works. what did we think would happen in this country if the government decided to restrict immigration down to the bone, reducing supply while cutting taxes and corporations

increasing demand at the same time that our birthrate fall to a 30-year low? more demand plus less supply equals higher wages. i bring this up. tomorrow we hear from chairman powell he stuck between a rock and a hard place there are not enough workers to go around. wages are rising look at the company that owns chiles and magianos. they can give us a good read on the economy. today they reported earnings and the stock went into a tailspin down more than 10% in part because they're having a hard time hiring people. listen to what they had to say restaurant labor is a per cent of company sales increased compared to the second quarter due to higher wage rates, insentive bonuses and employee health insurance that's everything that they are worried about. the one hand the company put up some terrific revenue numbers, the other hand because the rising labor costs brinker sales were less profitable

but less the bottom line even as they raised menu pricing. this looks really ugly from that perspective. rising labor and rent cost with higher tabs for customers. it's the bane of pals existence. >> the house of pain >> but the co-owner two of restaurants, i can tell you how artificial all the prices are. we've had to absorb higher wages yet at the same time it's harder to find people who will taken trilevel jobs. something that wasn't a problem five years ago when we opened varsity and miguel, our small plate mexican restaurant in brooklyn a higher minimum wage is not organic inflation. it is government mandate inflation. they face another problem, a more competitive job market means they need to offer the worker better benefits in this case health care so what is pals supposed to do she you tap the brakes on the economy and keep the labor costs down she you tighten so that they can cut the menu prices? it's not like they can create more workers people that work for a living

are catching a break after years of flat wage growth with the exception of ceos. when you adjust for inflation, the medium income in this country is unchanged since the 1980s. i think we can live with wage inflation because of that. american businesses just got a huge tax cut last year this is actually what it's supposed to look like when some of the gains floated their employees. we should cheer that what's the matter with it? can't they accept a little wage inflation? amazon and ball mart, for instance, amazon is working on eliminating cash years uber freight, we saw them out in california, working to solve the truck driver problems. people are not thinking about that if you bgive brinker time, they'll get the prices under control. can you see the pressure that pal is under i'm urnliging him to wait despie the pressure there will be innovation that's

keep the labor costs down. it will always continue to be that way giving workers a bigger piece of the pie was not only expected it was government mandated and good for our country. please chairman powell, why not let this wage inflation play out a little more. consider it an experiment to see how the new economy adjusts. if i'm wrong, you can always raise interest rates later on. stick with cramer. i know that every single time that i suit up,

there is a chance that's the last time.

300 miles per hour, that's where i feel normal. i might be crazy but i'm not stupid. having an annuity tells me retirement is protected. annuities can provide protected income for life. learn more at retireyourrisk.org i first told but service revenue stream and it is going to be larger now i'm saying that about the watch. you heard it from me tonight i think the revenue streams are going to be vastly overlooked. the revenue stream is going to grow and grow and grow as you get a bigger and bigger install base that's the focus, people that's the focus like i said, there is always a market somewhere just right here on "mad money. i'm jim cramer and i'll see you tomorrow - yes! let's do this!

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