giddyap. >> let's trade it. coca-cola. >> activision blizzard >> you didn't see toni braxton at the grammys you saw me you'll see newmonting. min >> thank you, everybody. "mad money" with jim cramer begins right now my mission is simple -- to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere. i promise to help you find it. "mad money" starts now 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. my job isn't just to entertain but to educate and teach you. call me at 1-800-743-cnbc. or tweet me @jimcramer for all the time we agonize over the prospect of a deal with china wall street doesn't seem to put a lot of thought into figuring out who wins and who

loses if this is allowed to continue oh, we'll parse every word coming out of the trump administration one minute the relatively free trader likud low and mnuchin believe there is a deal imminent and next the hard-liners saying they'll keep the tariffs going or raise them until they make changes with the way they do business their economy is slowing while ours is doing just fine, thank you. >> that was easy >> this morning the averages opened strong after we heard president trump might be willing to hold a summit with his chinese counterpart at mar-a-lago in the future and play golf. then we spent the whole session drifting back down and dow sinking 53 points and nasdaq advancing just 1.3%. why the retreat? of course, fears that the talks are not going to go well we're obsessed with the logic of deal or no deal.

i get it the tariffs for the chinese exports to the united states are set to rise in less than a month and if that happens well you better believe the chinese will retaliate. here's the problem everyone is trying to play this chinese version of deal or no deal but i think they're playing it wrong specifically they're playing it with the wrong stocks. this earnings season has revealed brutal truths about the china trade that don't jive with the let's say conventional wisdom, okay we act like the winners and the losers, all right, are from the trade war are obvious. but the reality is a lot more nuanced than that. many companies that should be hurting in the people's republic have been putting up astonishing numbers while others are torn to pieces by the slowing chinese economy. if you want to play deal or no deal, i don't blame you. well, let me tell you how to do it right first when the chinese tensions soared traders instinctisticly bet against the stocks of iconic american consumer brands as well

as capital goods the first have held up surprisingly well, the second is a mixed bag and the third it's been in the real doghouse. these traders aren't idiots. had any saw the trade war heating up they shorted nike, staks and yum china betting chinese consumers would steer clear of these american brands that have done so well this china. that bet, it just hasn't paid off. nike and staks both reported an acceleration of sales. an axle rice nike even had its biggest singles day ever that's that made up consumption holiday where the communist party lets a bazillion presents bloom. up 40% versus last year. fueled by a combination of basketball fanaticism and government partnership to encourage athletics. the biggest problem high quality problem making enough shoes to meet the demand. starbucks had a recovery

same-store sales climbing 4% when they seemed to be trending negative coming into the quarter. yum china's numbers weren't fabulous but did not experience the collapse that others did nike's stock got slammed from the low 80s in early october when vice president pence stepped up anti-china rhetoric and has since rebounded to $83 starbucks went from 60 to 54 at its lowest to nearly 70 now. this one is on fire. yum china never really got hit pulling back from 33 to 30 before exploding higher, now at 41 nice move. what else? oh, estee lauder has been astounding especially after last week's spectacular quarter. at the beginning of october this was $140 stock and plunged to 121. trade worries mounting since then, wow, since the bottom it surged to 153 as of today. china has been one of its strongest markets called out many times by the fantastic

fredo in a clinic of a conference call. these big name consumer brands have been terrible shorts, good longs. when people panic -- >> no, no, no. >> buy, buy, buy >> how about capital goods names, much tougher. the pence collision around 390 and got decked to the christmas eve lows falling to 294 before a gorgeous quarter helped the stock soar back to an all-time high a dreamliner of a stock, 413 just last week had a lot more trouble rebounding it's a great industrial but fell from 78 to 55 before bouncing to 66 and no further. here's a real curious one. united technology and you know i love them. gets a lot of growth from china. it stock sank from 141 to 101 christmas eve low. still back to 122.

puzzling but has business in china like the otis elevator business -- their chinese business has improved of late but the stock still down from 215 before pence's sabre rattling to 200 now. i don't know it's getting frustrating caterpillar, lots of moving parts but it's gone from 158 to 112 for limping back to 128 now. not great. finally there's tech and this is the one group of the china explosion that's been terrible there are a whole host but the elephant in the room is apple. once again today hit by china fears. darn stock was at 233 then it fell to 142 after the hideous preannouncement at the beginning of the year thanks to a massive slowdown in apple's chinese business since then the stock making a comeback now at 169. however, last week tony s

saginetti said things got worse and skywork solutions, nvidia, two semiconductor companies said their stocks were obliterated even telling a good story skyworks fell to 81 today. how about this, a pit stop at 61 after the apple preannouncement. nvidia plunged from 189 to 146 micr micron, 48 at its low making a comeback morgan stanley said it doesn't believe in the bottom. what do these winners and losers tell us? it's important that you know this first the consumer stocks that are holding up in china all share one trait. they have unassailable brands with little chinese competition. you hear that, little chinese competition. there's nothing like starbucks yum china, kfc slope, not enough to give the short sellers a win, estee lauder practically fearless, chinese sneakers, i don't know any industrials, got dinged by the

slowdown in china. you can't get traction because the market has cooled and the strong dollar gives their japanese competitors an advantage on price that's just a glorious secular win. ♪ hallelujah >> boeing sells a quarter of its planes to china, tech is the real triumph because the chinese government made it difficult for them to do well. the cheaper more patriotic if you go buy the huawei phone, remember, huawei is considered to be an outcast by the united states that makes apple more of an outcast than apple should be in china. nvidia has been crushed by a government mandated slowdown in gaming and have a crypto problem. the bottom line if this market gets hammered on china and i expect it will, use that pullback to buy and write this down, nike, starbucks, estee lauder and yum china not to mention boeing beware of the industrials with chinese exposure and expect pain in the techs with chinese business sure there are wild cards but

have you your cheat sheet and much better sense of who is being hurt and who is doing fine let's go to will in my home state of pennsylvania. will >> caller: hey, jim, kindred spirit boo-yah my dad sold for 3m for over 20 years and -- >> sorry. >> caller: started me off on their stocks and bonds >> twix and the franchise and scotch tape franchise so in the same boat. how can i help you >> caller: high stock was -- i bought before earnings two quarters ago at 40 and the stock went down to the mid-20s. had good earnings this past quarter and is up 20% in the last week. i'd like your long-term view on skechers, skx. >> it's become too hard to have a long-term view on them sometimes you have to own it they had a big move last week.

it's too hard for me sometimes you got to say it's too hard how about greg in california greg >> caller: hi, jim >> hi, greg. >> caller: i'm a marine corps veteran living in los angeles. >> thank you for your service. >> caller: thank you very much i'm a huge fan of your show. >> thank you >> caller: so my question, i purchased shares of phillips 66 last week prior to earnings at $91.72 now, i know there's no institution that holds positions like berkshire, blackrock and vanguard group now given that the earnings per share and the refinery margins were great and daily volume has been above average, i'd like to know your outlook on the stock and also the wood river refinery fire over the weekend in illinois. >> that was unfortunate. the stock wasn't down. i was rather surprised because that was bad i will say this, i do prefer marathon, pete, but i think you made a good selection with

phillips 66. i would hold on to it and, again, thank you for serving in the marines. all right, you put a little thought into it, i think you can identify patterns that can help your portfolio weather the storm. if the market gets hit on china worries steer clear of the industrials with china exposure and use the dip to buy some great old american names, starbucks, nike, he stay lauder and you know what, i really think, you know, it's just tough to tell how good those names can be but even yum china. on "mad money" transports are heading higher norfolk southern leading the charge i'll talk to the ceo then trouble in toy land hasbro has taken a tumble as it continues to work through the demise of toys "r" us and all that inventory i'm sitting down with the ceo after their earnings shortfall and if the u.s. kept pace with norway, the u.s. economy would be 1.6 trillion with a "t" larger today i'm eyeing a company that can

create a change when it comes to gender equality. stay with cramer >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question, tweet cramer, #madtweets send jim an mail at madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss something, head to madmoney.cnbc.com.

♪ ♪ our new, hot, fresh breakfast will get you the readiest. (buzzer sound) holiday inn express. be the readiest. at&t provides edge-to-edge intelligence, covering virtually every part of your manufacturing business. & so this won't happen. because you've made sure this sensor and this machine are integrated. & she can talk to him, & yes... atta, boy. some people assign genders to machines. and you can be sure you won't have any problems.

except for the daily theft of your danish. not cool! at&t provides edge to edge intelligence. it can do so much for your business, the list goes on and on. that's the power of &. & this shipment will be delivered... unstopand it's strengthenedting place, the by xfi pods,gateway. which plug in to extend the wifi even farther, past anything that stands in its way. ...well almost anything.

leave no room behind with xfi pods. simple. easy. awesome. click or visit a retail store today. there's a quiet revolution going on in the railroad industry we've seen csx and union pacific in precisionrailroading. an ultra efficient way to route trains pioneered by the late great hunter harrison. tonight norfolk southern, the other big east coast rail aside from csx held an analyst meeting where they laid down a terrific vision to boost efficiency and getting in on the precision railroad in game two they want to bring us operating ratio down from 65% to 60% by 2021 they told a good story about the

broader economic environment and surged 3.2% today. that's on top of a massive rally since december lows fuelled in part by the terrific quarter they reported late last month. so let's dig in with jane squire to learn more about the plans for this great american railroad mr. squires, welcome back to "mad money." >> thanks for having me on the show >> this was a dramatic meeting i want, jim, for to you explain to our viewers what the message is -- you're trying to convey about reimagining your great railroad >> well, jim, i want to start by saying how proud i am of our employees and what they have accomplished the last few years. we started out in 2015 with a plan to get to an operating ratio below 65 by 2020 last year we closed out at 65.4 so nearly there in 2018. we just announced today our plan to get to a 60 operating ratio

by 2021 and that will be through a combination of precision railroading practices that hel us bring down costs and growth in the top line. >> well, but let me tell you my confusion. when i first met you the stock was about 66 now it's at 177. you have returned a gigantic amount of money to shareholders. you just mentioned the 740 basis-point decline in expenses. what i'm confused about why did you need to switch to precision railroading. as far as i was concerned you were pretty precise. >> well, jim, we are proud of what we've accomplished and we've done a lot but we can do more and that's our commitment to our shareholders to get the operating ratio down even lower through that combination of precision railroading and through continued growth in the top line we're in a great growth environment and want to be sure to capitalize on it. >> will there be fewer locomotive, better placement of where they are, more on time

trains is that what it figures in >> yes, precision railroading is about utilizing employees and locomotives and freight cars, utilizing all railroad assets as efficiently as possible. that's a big focus and that's a big contributor to the lower operating ratio by 2021 but we're also focused on growth we remain in a great growth environment and think we have secular and cyclical growth opportunities ahead. >> i'm so glad you mentioned that because there's a lot of pervasi pervasive gloom on wall street a lot are talking about we'll have a recession sorries say there will be a slowdown i look at what you're projecting and see a good year and some of your lines like automotive you're getting more bullish on >> when we look at both the macro indicators and when we do our channel checks, we feel good about the current business environment and we do think we have growth opportunities with our customers this year so

overall the climate looks good to us. >> now, you had a record revenue number maybe you can explain to people why this is such a profitable business, both for you but for your clients >> well, we had a great year in intermodal in 2018 on the heels of a good year in 2017 as well intermodal has been our growth engine for quite some time and we expect it to continue to be trucking remains tight it's difficult to hire truck drivers and that's our main form of competition in the intermodal business we have terrific channel partners there so we remain bullish. it's just a great space to be in and have a terrific franchise. >> a couple of the analysts and i know the meeting just ended but have come out -- i'll quote them credit suisse says your targets are aggressive deutsche bank says they are ambitious. both a little skeptical you can reach these levels in such a short period of time what do you tell the skeptics?

>> well, this is an aggressive plan but it's an achievable plan we have a great deal of confidence we can get there with the backing of our employees and the hard work of everybody on the railroad out there it's a plan that relies on precision railroading to drive the cost reductions and it's a plan that relies on the great norfolk southern franchise to generate the growth and get us to that operating ratio by 2020. >> when i read through the presentation it was terrific one of your people did talk about how you had precision railroading going in one area, one hump so to speak it's not new to you but seems like it's going to spread along your gigantic network. >> that's true we really began this journey last year. we started doing something we call clean sheeting which is essentially re-engineering operations in the feel and look at everything you're doing and try to get the waste out of it working with our customers bringing them into this so that it is a collaborative process with our customers and have been picking up speed an hit an

inflection point with it late last year and gained momentum in 2019 so it's -- we're hitting on all cylinders with the precision railroading. at the same time we're continuing to drive growth in the top line. >> i deal with a lot of utilities in your area a lot of straight shooting people that want to do the right thing about the environment. they're deeply committed i know some say they aren't but they are yet i saw a big increase in coal where is that coal going >> well, we have a diversified coal franchise we send coal to u.s. utilities, we also help our customers export coal overseas the u.s.-based coals are primarily utilities as mentioned. but also for making steel. metallurgical coal going to our steel ing customers and coal going overseas, a combination of both as well >> there's a huge renaissance in this country involving chemicals, natural gas, oil, you figure in -- i notice marcellus

utica, we visited them years ago and there really wasn't that much happening if i go there now would i discover a natural gas renaissance there? >> you would absolutely and that's a big contributor to our industrial products franchise as well we handle a lot of commodities and those are things like sand headed impound that's used in the marcellus region for fracking and handle a lot of chemical that is are manufactured in our service territory or beyond that are beneficiaries of cheep and abundant natural gas. >> look, jim, i want to congratulate you again, i was taken aback because you're one of the best and run one of the best performing stocks since we started the show but obviously you're not going to rest on your laurels, congratulations to jim squyres where they're going to make even more money for shareholders. "mad money" back after the break.

-i call it my comfortable future plan.

-it's our confident forever plan. -welcome to our complete freedom plan. -it's all possible with a cfp professional. ♪ -find your certified financial planner™ professional at letsmakeaplan.org.

for years and years it was a clear hierarchy among the toy company, hasbro, up more than 90% over the past five years and mattel with a og-like performance down 00% then you have the rest of the industry too small to mention hasbro was just better they had great businesses like transformer, nerf, play-doh, a bunch of games from monopoly to magic card, dungeons and dragons and the best licensed toys disney, star wars, marvel comic action figures but on friday the two big toymakers flipped the script mattel reported solidly and hasbro reported a big shortfall reporting more than 30-cent earnings miss on the bottom line with sales coming in lower than expected the reason it turns out hasbro's big brands were hit extra hard

by the lick whily -- the licquif toys "r" us. management explained company returned to growth this year as the anniversary of the toy store liquidation. let's look with brian golder, straight shooting chairman and ceo of hasbro to hear more on this brian, welcome back to "mad money." >> hi, jim how are you doing? >> i'm good. you said it point blank and said, listen, these problems finally with this toys "r" us liquidation are finite and will leave them in 2018 how do you know? i keep feeling there's toys in the channel everywhere in hasbro that were never meant to be there. >> well, remember, from 2012 to 2017 we generated an average

revenue growth rate of 5%. our net earnings grew double digits we expanded our operating margin all before the toys "r" us bankruptcy it was a disruptive year it interrupted our growth and in 2019 we returned to growth and we believe that over the next year or two we get back to where we were and drive forward. we have an amazing array of products and toys and games and brand initiatives and we have cleaned up inventories in europe, the inventories retail inventories are down 27% in the u.s. retail inventories are down 24% minus 6% absent toys "r" us so are set up for a great 2019 with many of the major initiatives you were talking about. >> tell us about -- let's do same store, same store in t-- inventory, how did they d to get a fair competition going rather than what was in the channel. >> yeah, what's really

interesting is we have many brands that have been growing over a number of years, nerf had been growing double digits over the last five years, that was a brand that toys "r" us would support. our games business had been growing and been supported by toys "r" us, others commented their big brands that have been perennials had been supported by toys "r" us. whereas where we have big brands with new initiatives, transformers and the fourth quarter was up substantially behind brand-new product around bumblebee and the movie and it did really well, monopoly was up, magic the gathering, dungeons and dragons, a whole host of quick strike initiatives from lostkitties to yellies so what we see brands supported for years by toys "r" us are impacted and see it as a disruption and interruption in our growth but as we go forward,

we're absolutely confident that we get back to the growth trajectory we had been on over a number of year. >> one thing that most excited me during the toys "r" us period you pivoted to a digital first retail mix i hear things like nerf fortnite and hear about magic -- i'm starting to think what happened with electronic arts in the last few days you may have some battle royale kind of features buried within hasbro about to come out, don't you? >> we really do, in fact, we've been working for some time on magic arena, magic arena is an online game you can play magic the gathering. we're in open beta right now just through the fourth quarter in our open beta and had 350 million people play the game they're spending on average eight hours a week playing the game we just announced our esports initiative and have a $10 million prize pool we've got more announcements

about when we'll launch. we'll have pro players playing magic the gathering. it's now a top ten game an twitch being viewed. so there's magic the gathering, in terms of nerf, a brand-new array of innovation coming for that brand fortnite is certainly coming in the spring as well as overwatch as we get into the fall we'll have more proprietary innovation and frankly innovations we aren't going to present quite as letterm early as we're used to and make sure the consumer insights we're garnering we're not sharing too early with the world because it's a very competitive category >> now, do you think -- is that part of the reason why i was quite surprised just put through an 8% dividend obviously there were toys "r" us problems. you must think 2019 is the year, the comeback >> well, our board has been very supportive of our dividend policy and increased the dividend 15 of the last 16 years. we really believe in our business we really view this as a

disruption and let me remind you, that the liquidation didn't end until the end of june of 2018 so we only had two quarters, our two most important quarters to clear that inventory that we were putting in the market up against liquidated inventory for example, on nerf, that liquidation led toys "r" us to liquidate 2 million products at low price. that's competitive with product we're trying to put in the market but after the first quarter 2019 this is the last quarter where we shipped toys "r" us in the united states last year we move forward so everyone should note that we did ship product in the first quarter of '18 as we move forward, 2019 is all about growth and expansion of operating profit margin, new initiatives in innovations and incredible entertainment brand and launched power rangers, we acquired it last year and excited about a new original television series,

retailers are excited and that's going to be a big global initiative that will roll out. so again we'll get back on that trajectory that we had been on and a track record our management team has accomplished over the last few years. >> one last question is there room for a resurgent mattel and hasbro? >> you know, it's not a zero sum game the industry has been growing over the last number of years and went backward last year, the worst year according to npd in the last ten years and have seen the industry grow and projections are low to midsingle digit growth and said we can grow midsingle digits as we move forward over time and double digit earnings is what we've been able to create so excited about what we have, the lineup we have, our partners at disney and an amazing array of new initiatives coming from from them and movies from avengers into a new star wars and, of course, frozen at the thanksgiving period so excitement for our partner brands which represent 20% to 25% of our revenues and then

also for our owned and operated brands which is the 75% of our business and so we're very excited about 2019 and 2020 and bekwoondz. >> i don't blame you that's what what happens when you see a shortfall and the stock barely falls that's a sign of a bottom. you see why i want to stick with this stock a lot of great things going on here "mad money" is back after the break. california phones offers free specialized phones... like cordless phones,

- (phone ringing) - big button, and volume-enhanced phones. get details on this state program. call or visit and accessoriesphones for your mobile phone. like this device to increase volume on your cell phone. - ( phone ringing ) - get details on this state program call or visit

when the stock market went into free fall a lot of performers lost their mojo take spgi known as mcgraw hill financial. it's mainly a ratings agency and rank the creditworthiness of bonds but the company has a market intelligence division where they provide professional money managers with data and analytic tools needed to do their jobs then who makes an etfeneds up paying them money. bottoming the day after christmas and then making a stunning comeback. now up 14% just this year even as it reported a pretty slowdown in one of its core businesses.

let's dig deeper with the president and ceo to find out how his company is doing mr. peterson, good to see you, doug, have a seat. did you something. i want to you talk about it. there was a time where you had dramatic -- if you had dramatic debt issuance declined your company would not have the bottom line -- you had an amazing bottom line. you reinvented the company. >> we are not just a rating agency we also have -- you talked about it but have subscription businesses with market intelligence and then sometimes there's actually almost an upside when you have some kind of issues in ratings you've got the index business which is picking up the volatility and doing well. >> it's still -- 19% global debt issuance decrease yet you had a huge amount of profit doing big buybacks that's a fantastically profitable business you have.

>> what we did over the last five years is we narrowed down our focus in everything we do is about markets. every single one of our businesses is focused on information intelligence, insight for markets. its opinions and data and analytics and narrowed it down so everything we do has one type of customer. >> a lot with worried about the china trade war. i don't know if they saw what happened with you. you got the first of its kind approval to enter china's domestic bond market maybe we're misreading the chinese. >> well, this is a long-term play i have this theory and i've been working on it for years that china is the largest trade economy in the world and if they really want to have a power in the market they have to have a financial market and a financial market requires a bond parke so we've been working with the chinese for a year with the regulators and central bank to point out the importance of having a bond market, a yield curve and credit curve so as part of it we were able to get the first license for 100% wholly owned rating agency in

china. >> i know it's a small group of people working on it but that could be gigantic. >> it could be right now the chinese market is the third largest bond market after the u.s. and japan but mostly it's really a bank market even the bonds get issued go on to bank balance sheets but there's almost 4,000 issuers right now in already in china getting -- having -- >> wow i didn't know that. >> we rate 400 chinese companies today in the offshore dim sung market in hong kong. >> we are always thirsting for knowledge. you just got to do it. no one else really did this in the corporate world. you have a tremendous amount of respect for jack and what he accomplished why don't you tell us what he did for investing. >> well, what he really did is he put in place a very simple index approach to investing. and we benefited from that 1976 he developed the first ever index fund it was the vanguard 500 based on the s&p 500 and over the last ten years alone the investors in

the different s&p funds that we have have saved over $100 billion in fees. >> not millions, a billion people. >> this is jack vogel. he created an industry not just a fund. >> i know a lot of people actually when they get off the desk they're saying, that son of a gun wrecked our margins but what he cared about was you the investor. >> he was looking at the ultimate investor. who is the person he's trying to protect their interests or look out for their interests and that was the firemen, the teacher, the nurse, the doctor, somebody that's investing their own money every day and want something that's simple, easy to understand and tracks the market. >> the other thing you did besides pay him the homage i wanted to see, so important, out of nowhere, but not because i know it's not out of nowhere but you decided to make a big statement about gender and equality there are not enough executives as someone with two daughters who believes the system is rigged now, not enough executives do what youdo. >> we have this approach to our

community where we're going to talk about our people, we have partnerships which is our philanthropy and have products and do research and in our research the last couple of years we've been looking at what would be the impact on markets if women had a higher participation rate and we use norway as kind of the benchmark and the united states if we were operating the same level of women's participation as norway our economy would be 8% bigger. $1.6 trillion larger than it is right now. >> there are a lot of companies when you actually peel back the onion. they don't have a lot of women at top levels. >> it's really something that all of us have to work on including our own company. we're only at about 35% and our women this our management force, a third of our board is women but there's a lot to do and starts with a tone at the top and believe that starts with our board and starts with me and we also have a lot more to do ourselves. >> you made acquisitions i know rate watch because you bought it from the street and i remember when we bought it but we often here at cnbc. that's a bit of artificial

intelligence married to financial tech how is that working? >> it's going well we did work over the last couple of years to see what do our customers need and they're drowning in data and information. and what they generate in their own companies and we needed to figure out how to make more sense of it? we've got a data background and were a data company before we knew it. bringing in ken show who has the artificial intelligence and algorithms, it's just been a perfect match. >> last thing, i am worried said on tv, i am worried about the budget deficits. how about my grandkids it seems worrying? >> it's a long-term issue. if you ask me about some of the list of issues i worry about, i do have the debt and it's not just united states, it's many markets around the world we will have to found a way to balance budgets over time. i don't think it's a near term issue but one of the things

that's difficult is that most politicians have a very short-term cycle and so it's hard to really deal with problems that go way beyond the election cycle. >> i want to lead this message again, that's how important it is including you'll tell me the hashtag. what inspired you, many executives give lip service. we got to do better with women what inspired you to do more with women >> the hashtag is called change pace and really does pay to have that change. what inspired us as we saw the women in our organization flourishing and we see the kinds of opportunities there are for people coming to the workforce we really, really required to us take a stand and we decided that we would do it and we tried to take a leadership role. >> people should know two thing, one, they've been radically transformed by doug to make it a steady, fantastic earner but also because of the message what he just said about women wouldn't it be something if we added how much to the economy? >> 8%.

$1.6 trillion and the total global market cap could be up $5.8 trillion. >> oh, i hope that you keep spearheading this. this is terrific doug pederson the ceo and "mad money" is back after the break

>> announcer: "lightning round" is sponsored by td ameritrade. it is time, it's time for "the lightning round." >> buy, buy, buy. >> sell, sell, sell. >> buy, buy, buy. >> and then "the lightning round" is over are you ready, skee-daddy? time for "the lightning round. rachel >> caller: oh, hi, jim thanks for taking my call. i did buy kronos a few weeks ago. is it a good midterm -- >> first of all, rachel, congratulations. you just moved up a lot but also a trading vehicle so right now at the top i think you can come back down and take some off the table. david in new jersey. david. >> caller: good evening. i'm calling about mpw -- >> it is so cheap. it is so cheap

it drives me crazy we're in a construction recession. holy cow 12 times earnings. i'm not backing away i would love to hear barry he is a straight shooter dave in illinois. >> caller: dr. cramer. >> dave. >> caller: hey, congratulations by the way to your eagles defensive end chris long on winning chicago's own walter payton man of the year award. >> i support his charities and when you send him some money for his charity comes right back with a handwritten letter. made me feel like a million bucks. >> my stock today is the missing link not the stefanie kind. staffer doug and i like, are you ready, yeti holding, y-e-t-i. >> they're giving away hot thermoses this morning spirit air, the most you've ever gotten out of spirit and i go by -- they're always giving away stuff. i don't think of it. i say, were those yeti and the guy says, they were yeti i run out to get them.

they're all taken. yeti is a winner and i'm sticking with it thank you for the nice words to david in minnesota. david. >> caller: happy belated birthday, boo-yah, to you, cramer. >> thank you for the well wishes what's going on. >> caller: a 29-year-old investor, what is your opinion on the short and long-term play for the gene editing company crisper? >> short and long. the short-term seems to be under pressure a lot the longtime, i like the idea and think it can go higher i will say that if you really want to be in that business you should be buying the stock of alumina. michael. >> caller: mr. cramer, my honor talking to. >> you right back at you. >> caller: thank you for everything you do. >> thank you >> caller: my question is about panw i bought the stock at the

cybersecurity stock. i bought it around 180 in early january. and added to it around 100 -- 210. >> okay. >> caller: a couple of days ago. or a couple of weeks ago and my question to you is, what do you think of the stock and -- >> i'm writing a speech about it to give wednesday at 11:30 for the club it's an essential part what have i'm saying which is that this is a bear market stock that went to a bull market and how to own it, how to trade it and understand this is one difficult stock if you're going to look at it every minute but not if you're going for the long term because it is best of breed. let's go to john in south carolina john >> caller: boo-yah, jim, from beautiful somerville, south carolina >> i've been there and it is gorgeous how can i help >> caller: it is gorgeous and i am waiting 86 years to get

information on a good pick so how do you feel about tsj. >> brooklyn's own etsy this is the craft am song really good management. i would stick with that and thank you so much for your kind words and that, ladies and gentlemen, is the conclusion of "the lightning round." [ buzzer ] >> announcer: "the lightning round" is sponsored by td ameritrade ol. really helped me up my game. i had a coach. math. ooh. so, why don't traders have coaches? who says they don't? coach mcadoo! you know, at td ameritrade, we offer free access to coaches and a full education curriculum- just to help you improve your skills. boom! mad skills. education to take your trading to the next level. only with td ameritrade. half of small businesses fail within 5 years.ne. and more people than ever struggle with debt.

intuit is here to change this story... with giant solutions like turbotax, quickbooks and mint that give everyone the power to prosper. intuit. proud makers of turbotax, quickbooks and mint. - (phone ringing)a phones offers - big button,ecialized phones... and volume-enhanced phones., get details on this state program. call or visit

and accessoriesphones for your mobile phone. like this device to increase volume on your cell phone. - ( phone ringing ) - get details on this state program call or visit

we keep hearing sudden rumblings the economy might be headed into a recession. >> no, no, aagghhh >> maybe it will happen late they are year. i'm not buying it. not one bit. why is this downbeat idea even on the table first i've always said you need to pay attention to the bond market right now the treasury yield curve is flashing a bright red warning signal the ten-year currently yield -- when you get this kind of curve where eventually like the longer it actually goes below the shorter end, well, usually means people are worried about the future and not much demand for money. second we're witnessing a worldwide slowdown i get that sooner or later it will engulf our economy too. it has not happened yet. third, the trade war with china is bad for business. at least short term and president seems willing to put tariffss on anything that is not fair the decline in commodities make some investors worry because it might be saying the recession is

around the corner. let's take these one by one. normally this inverted yield curve would freak me out too but we're not in normal times. nearly every central bank is trying to keep interest rates low to spark growth. we tend to forget money knows no borders. fund managers are always search forego a safe source of yield. right now the united states is the best most liquid bond market in the world dramatically higher rates than most other developed countries and i think that's why interest rates are so low for foreign buyers getting the yield for the ten-year, it's a great deal inverted yield curve, the function of what other institutions try to get yield. we have to recognize a lot of the slowdown is tied up with the deceleration in china. something that's caused by the trade war. china because they keep stimulating. china is a huge consumer of products from all around the globe but especially europe so if the chinese are willing to make a deal and i think the trump administration's terms are pretty reasonable their economy will pick up and the worldwide

slowdown comes to an end the german government seems adverse to spending money. italian recession i think more of a function of a totally dysfunctional government and ridiculous interference by every authority in the country plus brexit keeps lingering, it's a drag on the growth for the continent and britain because it created a staggering level of uncertainty that only will frost seems to understand. commodities, the bulk freight numbers show a great decline in china. i balk at the idea that the sell-off in oil means anything they routinely short stocks when crude goes down because lower oil might signal a recession but they seem oblivious to the extraordinary amount of oil flowing out of the permian basin. so much it's depressing prices and oil is mr. supply, not demand there ultimately i find it hard to worry about a recession because we're no longer fighting the fed. they seemed out of touch no longer the case

jay powell has figured it out. if the data continues to get soft, even if we still have robust job growth. i'm worried about many things. i don't want another government shutdown, increase in tariffs, the super strong dollar hurts our exports but i'm not joining the recession camp because the data isn't there maybe we get more of a deceleration but actual recession, right now i find that very unlikely. stick with cramer. begins to ch, causing a lack of sharpness, or even trouble with recall. thankfully, the breakthrough in prevagen helps your brain and actually improves memory. the secret is an ingredient originally discovered... in jellyfish. in clinical trials, prevagen has been shown to improve short-term memory. prevagen. healthier brain. better life. oh, wow. you two are going to have such a great trip.

thanks to you, we will. this is why voya helps reach today's goals... all while helping you to and through retirement. can you help with these? we're more of the plan, invest and protect kind of help... voya. helping you to and through retirement. state of the art technologyt makes it brilliant.

the visionary lexus nx. lease the 2019 nx 300 for $359 a month for 36 months. experience amazing at your lexus dealer. one of the greatest short squeezes, ea electronic arts first they blow the quarter and issue this apex, the equivalent is a battle royale game with 10 million subscribers in three days it's going much higher i always say that's a bull market somewhere i promise to find it right here for you on "mad money. i'm jim cramer i will see you tomorrow.

>> narrator: in this episode of "american greed"... ross mandell is a pumped-up new york power broker... >> i'm coming to you uncut, unedited. >> narrator: ...flexing his muscle on wall street and living a life of excess. >> he was a cocaine user. he was a heavy alcohol user and used it to stay pumped up. >> narrator: after hitting bottom, he turns it around and gives up his delinquent ways. >> i'm ross mandell. by publicly sharing my personal battles, i could help millions of people avoid the pitfalls and the rat holes that i've had to claw my way out of my whole life. >> narrator: but ross mandell