tv Mad Money CNBC February 12, 2019 6:00pm-7:00pm EST
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their year lennar i'm sticking with that horse. lennar. >> guy. >> back to last spring sister and look where take two bottomed out where it's at today. take 2 interactive. >> we'll see you back here tomorrow a my mission is simple, to make you money i am here to level the playing field for all investors. there is always a bull marke somewhere. and i promise to help you find it "mad money" starts now ♪ >> hey, i am cramer! welcome to "mad money. welcome to to my america i a just trying to make you moneys my job to entertain and teac you so call me at 1(800)743 c.b. c or treat tweet me at jim cramer what happened to the lon awaited rollover a few days ago this market was
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in the grips i've sell off did that just vanish in to thin you? >> sell sell sell, by b buy buyy the dow surge 378-points buy, buy, buy. nasdaq rocketing u 1.46 percent ♪ ♪ >> as we got good news about a potential deal for avoid another government shutdown and th possibility of some high-level talks with china [ cheering and applause >> it is amazing to me how fas this pendulum swings fro optimism to pessimism and back again without any apparent irony or skepticism everybody. frankly the manic depressive nature of this market is terrific, it's terrible. eit's got going to soar,it' going to crashing it's unnerve being. that's from a guy that has had a lot of experience with genuine mood swings. but there is method to the market madness and we'll tal about that we are putting it in context the action is so extreme because
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this is incredibly binar moment, people when we look at the worl through the prism of hope, the future seems so bright when we look flew the prism of gloom, the future just seems like just incredibly awful normally there is not that muc different between the glass half full scenario and the glass half empty scenario right now, they are seven rate by a vast gulf i mean, it is incredible let me give you the clearest example it's something i hav been puzzling over since i was asked about it yesterday when was walking the street yesterday morgan strain's equity chief mike wilson issued a extraordinary prophecy we ar increasingly co convinced conset us earn market for 2019 have further to fall an and the o advertise mick at this uptic bake ed in the 29 is unlikely. he then goes ont goes on to sayt further decline will drive the earnings recession we called for.
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earnings recession an earnings recession? oh, jeez, that is brutal well, wilson thinks this marke could go higher. i gotta tell you that an earnings recession i believe would crush the averages this the not my view in fact, if anyone els predicted this i would call it ludicrous, but mike wilson not just anyone, of all of the wal street strategists cnbc track ed in 2018, this guy was the most accurate he's the most bankable and called for earning recessions. here is the thing, if th chinese economy goes in to recession it spreads spr*edz to the rest will he may be right. if you get a deal with china that ignites both economies bet he will be very wrong an the earn this goes year coul you up i think the latter possibility is more likely i will no dismiss wilson as not knowin what he's talking been, he was the winner speaking of china, we have been over the two camps i the trump white house the trad
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wars are focused on doing more business with china. it will level the playing field. the cold war is lead by the head trade negotiators care are cares less about trade and more abou preventing the people's republic from becoming a rival supe power them chapped a to stop stealing our intellectua product and they are not going to shed any tears they don't want us to fund chines supremacy with our trade dollars the problem is the spread. -- th president, we don't know what am camp of favors, he himmed that there could be a deal in the offing the upcoming talks that they will be fruitful and as soon as i heard that what i is was, buy, buy, buy. he says wait a second. those tariffs are going from 10% to 25% next month. sell, sell, sell, sell the market is confused because the situation is genuine confusing. but the last thing he said was pretty positive and there yo
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go then there is the bizarr oppositional thinking about oil, which you know is driving me crazy. when oil bounces even though it's bad for the economy, when it bounces up it pulls the stock market higher and vice versa the dow jones went down for four straight days almost totally i sync with the price of crude i do this minute by minute, toda oil is higher demands is bac and a china deal will be fantastic for global growth. frankly i think we should no take our queue from crud -- cuee at all the real problem is the burgeoning supply in texas nobody cares we have a gigantic bucke deficit. it is going up dramatically. that's not supposed to happen. in theory it should translate in to higher trades and always has, thus lower stock prices has, nope breakdown the individual sectors if the economy is as strong as the as they say it should be
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firing the financials are worst performers of the market the big americaner from su trust and bbnt i cannot remember a time in my history, when the bank stock have been this cheap on an ear beings basis and that's crazy, especially since bad loans say percentage of capital is lowes as i have ever seen, that's no supposed to happen five years apple net with google now alphabet is higher stipulate that too you can't give these stock away, they almost always reverse in a day but off to the races it gets worse. you can have situations like electric arts. one day the video game maker gives you the worst quarte imaginable and the stock get crushed. the very next day, the very next day, they put out a new game and within a week it has 25 millio players maybe the greatest hit in video games send the smock to stratosphere, this action ca play out in the same day, this morning under armor, kevin clean's company referred for a quart their didn't get much love
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it rallied 60-cent befor drifting in to the red then th details came out we talked about how inventorie were down 12% last time th stock went down the inventorie were ballooning the stoc exploded or finished up nearly 7%, now what i it did? it propelled the rest of the c hearts that is retail higher o course this one stock unde armor it, did that so how about br* all these contributions resolv themselves i don't know i can give you some things t help you navigate through th without percent give you context to make money on it. cramer's fundamental tenants i have been taught by th greatest pros on earth that as log as you are not fighting the fed, you should b buying stocks. when the fed switches directions and is more worried abou recession they start fightin you. green light. second oh, man i am going there, i al saying it. we have a president wh fundamentally wants the stoc market to go higher. i believe in trump's willingness to change his mind to help the stock market when the fed chie was dead wrong in quotin
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promotable rate hikes trun called him out everybody was furious at trump no, sir powell powell was getting it wrong an they were furious at trump he was right now the president is not omnipotent if the market get slammed it helps to have a command never chief willing to change policy to get the averages moving higher again i you own stocks f if you ar short he's a nightmare no inflation to speak of eve though the he cop my is growin when you have growth without inning flames you are supposed to buy not sell. the handbook says that core frat stocks highest tha ever when balances are strong the stocks of those company have his a greater likelihood of bouncing back than any other times when the balance sheets are week, stocks are not expensive we went over this yesterday with my friend stephanie lane, sure look, if mike wilson, if mr. wilson at morgan stanley i right about ban earnings session stocks could be more expensive than they seem if you get a trade deal, interest rates remain low, fed stays on the sidelines we get bunch of up sides i bet. stocks will seem in retrospect cheap. the bottom line this marke
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keeps seesawing because we are any binary moment with the glass half empty scenario is worst than half full scenario but th facts favor the more hopeful view if we are staying in this market as long as you recogniz when the trade talks break bow we will get a decent decline ahead. all right, let's go to adam in florida. adam >> hey, jim, how are you big by ha from north florida >> i love north florida i live in the pan handle myself kindred. >> oh, okay. >> yes >> hey, listen, at&t, had it for a while a great dividend about 28 today and i see sprint file a lawsuit about the 5g rol outs should i be concerned or are they just trying to jump on th bandwagon? >> bands wagon jumping let's get on the same page, yo are reaching to get that yield why not take a little bit less yield and own ver verizon ye like to reach if i am
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concerned about a yield be sav i say [ buzzer ] >> that's not why i like yield i like it as a safety business chad in tennessee. >> chad. >> booyaa from lookout mountai tennessee. >> it is so beautiful. look out mountain is s beautiful, sir i am sorry, i love it there. go ahead >> no, that's okay thank you. rock city is the best place, one of the best places in the world. thank you. my chapman -- matt my children want your opinion on our favorite stock [speaking at the same time >> considering changeing from partnership to a c corporation [ inaudible ] the market reviewed kkr >> holy cow. >> she's up to -- a 50% increase in share price with this change. their goal is 50% increase i related -- also is a tail wind >> oh, my god. that's a family in tennessee >> eight-year-old and an nine-year-old. >> can you believe this. and i like the analysis.
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i gotta tell you, both kids go horse sense, family is watchin together kids starting early and they have money magic i like blac stone, hey, you have that fell steven schwartz always sound smart and he's from a naying school district and darn goo guy, thank you, jeff for makin knee that and i think blac stone a by and i think yourkid are plenty smart all right, to may the match of the market points to the sam course you have to be comfor it's a wide gull between the prism of gulf an hopeful it's bigger than i eve can recall "mad money" tonight. he-commerce reached new heights. 26 billion the one company tha could profit from the tren mightily and it ain't amazon don't miss my sit down wit spotify after earnings i even told david faber that spotify, no, shop identify, told david, faber that nationa nightmare for him would be
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shopify because he hates t shop his nightmare is may dream now i am going up to the chart to find out. after a tough end to the year, many investors circle back t the reach with the bull market back in action today has the money been made mount grove an some twitter guy tell me it' not safe i say it is safe and this isn' the marathon, man, let's sea zit down with the ceo to fin out what's ahead stay with cramer don't miss a second of "ma money" follow@jim claimer on twitter. have a question tweet cramer send him an email or give us a call at 1(800)743-cnbc miss something head tomanmonths i.c cnbc.com. i wanna keep doing what i love,
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by selling them stuf online. a cloud based company that gives people the tools they need t compete on the internet think. they can help you set up a online store and handl everything from digital mark t go shipping. it got started as a web base snowboard store but the founders were so discounted with th e-commerce soft care tool they created their own and seemed them to other small and medium size businesses now shopify, it's just one incredible poper 17 bucks, 2015, now chasing 175. a move that includes 27% gai for the year this more than hop identif report aid terrific quarter an initially their stocks fell 12 bucks and rebounded up a coupl of bucks in at the end of th day. i think the quarter would have been much better received if the stock hasn't run so much going in to it delivering a 6% earnings bea off 20% bases. 64 staring year for year
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the online guidance when investors were hoping fo bullish. next time it cells off buy don't take it from me. let's check in with harley shopify's chief operatin officer to hear more about thi incredible company the quarter and where it's headed. welcome to "mad money. >> great to be here, thanks fo having me, jim >> we are starting with a twee it's just too pricily from empowered millennial investo who says, if shopify was based out of silicon valley, it woul be called fangs and talked about everything day on cnbc, harley is a force of nature make ottawa proud tonight, harley i want you to just dissect tha for our viewers who are no heard of your amazing company. >> we are canadian-based company so maybe a little bit of modesty up here carries over there we are happy with how things ended -- how we wanted the yea and certainly the quarter wa great and we are excited about our future
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>> you have more than 20,000 customers. you were the fastest to get to a billion, this is a -- understand your humility, sir, but shopify say force of retail. >> yeah, for you saying that we have been at this now for almost 14 years and as you mentioned, we have grown from -- grown to 820,000 merchants u from 600,00 600,000 miles an hot a year ago we have big brand-new an trientrepreneurses getting se for the first time and big large brands like big cpg. and direct consumer companie using shopify to scale their businesses and we get a really guide business model and we ar having a lot of fun. >> that means a company like budweiser and a red bull a tesla. but i tell you, a lot of our viewers are completely crazed by the person who made almost a billion dollars on shopify kiley jenner, you basically made her a -- she is a one-person mal
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online >> it's amaze approximating. i think the kyle i story was surprising to a lot of people, not for us we see so many sorries like that all the time you know, whether it's kanye west launching his yeezy store on shopify or drake's store or tom brady's new store, we se every -- all of these majo brands and huge influencer using shopify to creat authentic products and sell to the audience and i think back to if d it. c and direct to an coomer wa around when michael jordan was creating the jordan brand with nike account i think nike woul be the supplier and jordan wha be front and own the entire tiff of his business as oppose firs degree a licensing fee, we are excited about it even if you go beyond kiley yo think look at other businesses they are brands that didn' exist five, 10 years ago, an they are absolutely doin incredible numbers on shopify. and with no slowing down in mi mind >> someone out there is watching right now with a great idea. start to do well
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which you are about empower. tell us about merchant funding shopify was built to help anyone no has an idea to sell to global audience we bend th learning curve to make it easy to get started the ones that succeed, not all do, but the ones that do, they go really large with us. and over time, we want t provide them with more services, more solutions so, for example, we launched shopify payments a couple of years ago where went to th payments companies and negotiated rates on thei behalf we launched shopify shipping where we went to the payment companies and -- the shippin companies and negotiated shipping costs on their behalf we are trying to find economie of scale to help duh mack ties the entire business process fo the small businesses we realized they need capital it we can make quick and effectiv underwriting decisions and offer them cash advance and says w have given out hundreds of millions of dollars of cas
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advances to small businesss that wouldn't not be able to get this money on their own >> this is an amazing story. now, i live in brooklyn about mile from he ha he etsy. can you distinguishing, what's the difference between etsy an shopify? >> etsy is a marketplace, it's a place where someone who makes product can go to find a audience but our feeling is that, you know, for an entrepreneur they didn't always want to rent the audience they want to only the and have a direct relationship with their customers tomorro own ther type profit margin an sell and have long ter relationships with the peopl buying their products companie like etsy do a good job of crucial eighting products an renting those customers to those makers and we think the marketplace i great but fundamentall ultimately makers an entrepreneurs and hers wan mercn a direct slippings with th people buying their properties one way to been what we do the retail operator system where nevemerchants can star a store d
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cross sell to differen marketplaces like he bay o amazon, but the idea is that i feet all feet back in to one centralized back office which is shopify and that's where the can run the entirety of thei business and really the idea is let's become the most important piec of software they use on at daily basis the first thing they ope every morning and the last thing they close every night and marketplace will play a role there. but ultimately merchants want to find customers whenever they exist and more and more they want to sell direct to those customers. >> i gotta believe one last question. you guys are very forwar thinking i think there is a market that will be disrupted wort $250 billion in consumer products and i think that's th cannabis mark. that's how big i think it is you are not holding back, yo are right there with canadia cannabis, aren't new >> yeah, so obviously the reason we started with canada was there was clarity in canada. the government, the legislator were clear on how they wer going to roll out th commercialization an legalization of candace sales on the consumer sides and welt it was important for us to ac
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quickly and effectively to the not only win as much of th canadian market as #webgd bu also to show the ref of th world as they begin to think about cannabis sells that we are the first phone call they coul make for most the large effor largest producers shopify is powering those retail sales an we think that we can do a grea job helping other countries an other regions do the same thing. >> congratulations, for what you have done for all of the merchants, more than 820,000 and for all of the shareholder that's harley, andesif y, the were in silicon valley maybe i was the s in fangs but i lik the fact he's in ottawa. what what a story. "mad money" is back after th break.
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technician cofounder of carlly trader author of the highe probability commodity trad examination writes me at realmoney.com where i blog show told us the pessimism was peeking. she called the bottom andcould be due for a draw mount i' rebound could you be more right. the averages verse and the hav been working higher. including today short covering from bears who have been layin on this mark now that it's coming back, w have to ask ourselves anothe question in late december sh saw the bottom coming an realized investors had gotte too negative and pessimistic, we have to ask ourselves have w gotten too optimistic, the stock market is like a pendulum. she believes the pendulum almost always over shoots going too far. in december over shot th downside since the lows and th day after christmas the s.
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and p500 has rallied a astounding 17%, are we approaching irrational exuberant territory i am go towing answe that question request carl herrer is is simple we don't have too much optimism we don't have too much optimis and, for example, he's going t use this things called [ inaudible ] she has a bunch of really good craters, the cnn greed inning detectives whic relies on different indexes. it current stands at 68 out of 100 that's just a moderate amount of greed. moderate far cry from the extreme level where you need to star worrying, too much greed, toxic, containing the seeds of its ow destruction. when everyone is bullish there is no one left to buy stocks it, you have to have bears and fence sitters who can change their mind to provide fuel for the rally and the flip side is als true, that's why garner's peak
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pessimism works so well. rejuan out of potential seller look how obvious it is, right? if it you were up here we woul be more concerned. how much is too much when the averages peaked the fear and agreed index stood at 90 wow. okay, 90 that is a a amazing how eight r, she pointed out we didn't peak until 90 or above. take a look at the chat goin back to 2016, a few times wher peaks were in the 60s an 70s. but most of the major reversals, major, from greed to fea started substantially higher levels you can see. i mean, this is just -- it's kind of open and shut when you been it. what else? as of yesterday, only 50% of professional traders and investors polled by th consensus bull i can index are actively feeling buildin
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bullish, to garner that means we have plenty of bears and fence sitters that can be convert ed in to bulls adding fuel for th fire which i think helped driv today's run. we cough this a lot i don' think. measures the implied volatilit of the s examine p500 option market many us use this fo fearful sentiment. check it outgoing back to 2014 right now the vol test i hovering around 15 up to 36 in december this was obscene, right? come on. it is kind of nuts the stock market is recovery mode after big downs to 10 t tw*ep 12 area we are not there it will come to work lower it from here until the s sportsnet & p is hiring she thinks it will be unusual to
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get a rebound. and sips the stock market tend to go up when it goes down that's good news so we have this area that will be a nice gain if we get there. okay on to have that have garne likes to examine seasonabl cycles, this is anothe important thing we are comin out of the a bad one kerr currently in the best six months of the year for the market historically that's the period between november 1st, an april 30th garner notes that february usually the weak link during the stretch but these seasonal pattern tell us the s & p has pot he pattern of moving highe through mid match. we are out of the woods mayb don't everybody wait anymore let's start with the weekl chart of the s & p phasing resistence, near 2730. you can see where we are we are currently above tha level if we finish the week up
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here, we'll have cleared thi hurdle mind while take a look at th relative strength index the rsi. pan important momentum indicator is in neutral mode you expect the rsi to be highe if we were reaching levels o optimism, right? this is another important tool that helps technicians figur out when a security has gotten over bought or sold. let look at that not really right they haven't crossed in to the territory which would signal the masks up too far too fast. even if they climb to say 2800 okay up 2%, garner doesn't anticipate eater the rsi will hit extreme over bought levels now, with if we can clear th ceilings of resistence it coul be a nice lunn to 3,000 provided we get some kind of trad ceasefire with china, you need an event like that of course if garner is wrong and the s & p breaks down we wil
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have 2600 down more than 5% fo these levels this ferrandis that fails for hold it could cascad down to 22, you know how technicians work it goes the other way. it does not lead to a buying opportunity. necessarily. she thinks this is unlikely we get such a dramatic blow back it would be a great place to do buying, let's zoom out to garner this picture i telling a similar story fork years ever since the financial crisis, s & p has trading higher champion being fairly wide defined right. when we peak ed in september w hit the high end of that channel and bottomed in december w bounced off the low end of the champion there you go right now it's in the middle that's also good 2800 resistence, there you go. and another hertl the 2940 but the hard ceiling is 3,000. this is going to be tough to do.
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the hard fly are is under 24 o 28 2700 is equal lick rum that's right again the science suggests the market could have more upsid before the rally itself. the index and monthly chart is neutral. we don't mind that and headed higher to garner that means going higher is the path of least resistence for the s p500 we are not there yet once it climbs to 2800 perhaps maybe mid mid 2900s sh expects it to turn south and people lynn swing in the opposite direction, bottom line, remember, this person, has bee dead rightis he suggests mor upside but if we get a few mor days like this we'll need to worry. for now, she thinks we are
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headed we are head ihigher and i agree. let's gogo riley >> booyaa. >> goo i can't >> thank you for take paying call i work for the fire department in georgia and he have night we watch your show at the station hoping we didn't o get a call >> thank you >> hopefully i can talk to you today. >> thank you >> no, thank you >> with the market going u should we put gold or wait until it goes down >> i think gold is right here. look, the dollar has been strong for a while -- a little streak it's got towing start coming d you believe. i want gold for insurance. i know i always help hop insurance doesn't pay off. that's "o" sometime you have t do a hedge, and according to tonight's chart. this market has room for mor upside and it's right here you know, few more rallies and we could be, face somethin irrational exuberance, but not yet. much more "mad money" includin
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>> markets suddenly got a lo more upbeat. what do with dough 'do with th safety stocks like real estate investment trust, take ben tos that onlies hospitals, medical facilities, and research lapse across north america and the u.k., that's a nice consistent business and it protects wit you a juicy 5% yield and they are doing well becaus they had a strong quarter last week however as we saw today this i not the kind of stock people get more excited about as the global economy em praoufpgdz, around if you are skeptical about trump' ability or willingness to stic strao*bg a deal with the chinese, it do the right back. the moment the administratio leaks something negative about the negotiations that's gun both on forever think of ventas as insurance
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last neat we spoke to th terrific chairman and ceo an she told a compelling story. so take a look >> it has done amazingly and i know you have been worried about the growth talk big a pivot fo growth how can it happen >> there are four blocks for ventas pivot back to growth. having a powerful up side an add to our other asset growth we have had all along, using ou balance sheet strength we'll gee back to being an expect growth machine. >> okay. >> and those are really three of the key areas. >> but how do we know, look, i know you are private pay and that's the best. how do you know a lot of these federal government doesn't stop, let's say they cut back on helping the nonprivate pay maybe the states cut back, report a lot of the other guys going out of business? >> well, we are private pay, and obviously we have the big ne
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research innovation business that's the fourth building block of our - >> right i. [speaking at the same time >> i worry the ones that aren' good like you could drag you down >> in the private pay business >> no public >> our business is principally private pay. [speaking at the same time >> they happened it back in to private. or is that not the way it works? >> that's not the way it works >> okay. good >> if you look at the privat pay businesses that we are in, they are thriving. when you look at senior housin for example, the average net worth of an over 80 is over million dollars. >> really? >> yes it is. >> wow >> and so when you look at our average moving age and you loo at the average length of sta and the cost and the senio living community, there is ver significant net worth an resources for seniors everybod without the support of their children to live comfortably and happily. >> i didn't know i do know your demographic figures, what, the fastest i the country is 75 to 81.
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>> it is it's growing it's unbelievable. growing 4% a year for each o the next five years. and everybody the 82-86 will start growing 3% a year starting in 2020. so we have great demographic demand >> this is a identifies in new york over what i think is one of the greatest things ever for research which is the amazon headquarte headquarters could you team the compoun growth that you can get in tha industry that you are investin in >> yes, we are doing a ver particular kind of research an innovation business. we are doing it with the leading universities in the united states where they are developing cures for illnesses, and chronic conditions and it's very exciting ground breaking wor that's been done in ou buildings. and the growth has bee incredible, a couple of billio dollars have been add today ni funding a tremendous amount of private money being invested i these critical cures
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and the universities are reall leading the way. and so that's been an exciting business for us. we have a billion and a half pipeline that we are adding in development to that business and the universities are are really did you think ho about -- this research business >> how about the medical offic building, okay >> it's steady that's how you should thin about it again, it's demographicall terrific people over 65 go to the doctorate least 10 times a year. outpatient businesses ar increasing because they are lower cost setting and we ar one of the leading owners of that business. so there you should be looking for steady inflation you i lak increases every year in that income >> do we have to worry, fo instance, here is a ventas providing unde underwhelming 201 guidance they are worried abou your compounding i am frayed they will over build again, this is -- all this i about the glut that you told u
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would be worked off and i am concerned people say, jim, you love have, don't you see the are building all these place and it could just come back to haunt them >> thank you so much and we have talked about thi before and i want to be really clea about what is happening. and that is that [ inaudible ] senior living have continued t decline and therefore improv the most ever in the fourt quarter. >> really? >> we are at the lowest leve since 2012 in starts but as we talked about before, we are working our way through the starts that began a couple of year old ago in anticipatio of the demographic we te members. and we have continue to have t work through the starts bu there is a powerful upside as we see the growth in senior coupled with this improvement in starts which continues to tick downward which is in our fave >> are you seeing opportunitie to buy you have refinance that' balance sheet so you can grow. >> we do have a great balanc
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sheet that's one of our good characteristics and that's an as is he had for us as we may wan to turn on the acquisition machine. >> right >> and we do see opportunities for external growth and that's one of the ways of the pivot year back to growth for ventas >> you are using it, you are saying there is a powerful cyclical u upside coming >> yes >> people should stay in i support you endlessly it's bee so great during the downturn, can't wait for see what it wil be like during the the it up turn >> thank you we have 23% annua return, if i have 5% ditch defendid ihave -- dividend and e not been wrong >> i have been with you wh whole way. >> we will do everything we can. >> you and came off during the short sellers and they wer wrong i have to ask about thes other guys going out of busine business they come up with something an never wrong and you are right. >> thank you >> that's debra. and deb, have, you know, v it.
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r i have liked it the whole wa she's the coe and i want t double down on "mad money" is back after th break. imagine you're retired, and you just ran out of money. it doesn't have to happen to you. you can generate consistent, reliable income and preserve your savings from the comfort of your home. sign up for the ultimate retirement solution, from vectorvest. you'll receive step by step, rules based training that has generated 15 to 20 percent per year, over the last ten years. your satisfaction is guaranteed! visit vectorvest.com/ retire! -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
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is response soared by td ameritrade ♪ ♪ >> it is time! it's time for the lightnin round. and than the lightning round i over are you ready lightning round starting wit patty in ohio. patty! >> hey, jim, hey, happy belate birthday >> you are too kind if you s much >> and i just -- you have been so good to me all these years have been watching since cut low. >> he's now the involved in trade fight. what's going on? >> okay, i am looking at [ inaudible ] right here, what do you think >> no, no, we are going to recommend only hall alley back e think they are going to get goal deal. >> clay in montana clay >> hi, jim, good job, thank you. >> thank you, clay >> should i buy more domino'
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pizza before the earnings or what's your thoughts >> i think the quarter will be okay, i like the stocky thin rich alison is doing a real good job. i would stick with dominoes th category is a not that, -- it' not doing that well. but, hey, listen, they are taking share from anothe competitor that i don't need t name phil in illinois, phil >> hey, jim, thank for tak paying call. >> of course, phil >> i have questions abou synopsis they had a good run the last six weeks. >> it's a good company it's design automation, le me -- i'll give i a 2 for, i'l throw in auto desk they ar strong stocks. let's go to mark in individual >> hey, jim, how are you doing today? >> well, mark, how about you >> i am doing fantastic i have a critical mass booyaa for jim crime ore 2018 trans ocean haven't it a projected 24% los or is there an upside surprise >> i don't like offshore drilling it's a real los
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officer you want to go in to offshore drilling go be in -- gotta tell you, i will say it, [ inaudible ] and i though thought it would sink as low a it did i own that i like to talk about my mistakes because that's what you ca learn from craig in new york, craig >> i am up 21% on market acces holdings what is your recommend nation. >> you know we liked mcvay when he was on the we are no cash be out utah 21%, more upside heath in colorado. keith! >> jim, a big booyaa fro colorado how are you doing? >> i am doing well highland branch, don't know it that well, but it sounds great >> sounds good lumen it up. >> it's a short-term trading too hard for this guy i take a pass on it that's the end of the lightnin round! >> the lightning round i
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>> listen to me, can we please stop taking people seriously when they say things like we are in a fed-introduced bubble >> hate this nonsense and th cat callers who film >> my twitter feed with this clap trap i say, look if you believe that we are in a fed-induced bubble we have bee in one since ben bernanke cu rates after he did he is steroid
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the economy with his excessive rate hikes that drove us off a cliff in to the great receptio it's not a bubble, it's th federal reserve doing their job. i don't think our current fe chief cares about the stoc market at all he worries about main street until last week he was protecting them from the wrong thing, inflation no, did deflanges that was a mistake when he talked about tightenin three more times in 2019, th consumer price index wen negative i can't stress it enough which they talk about fed-induced people they think it should be laying wait waste to economy, the stock marke crashed in the fourth quarter it crashed because recessions are bad for business, ben powell realized no need to at this time en and put the fed-mandate recession on hold and stocks came roaring back up 17% it' not a bubble it's business a usual. why is that so important
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a agreeing economy say goo thing i can't believe i even have to make this argue up why would anyone want the fed to start a recession for no reason? if we can have a healthy economy fueled by corporate tax cuts with benign inflation wh wouldn't we want that? did we need a strong economy t tighten and slow the economy s we can lower rates does a team winning the furthe quarter want to lose the secon quart so so it can make a come back in the third and win in the fourth are quarter no, winning is an economy my that grows as much as it can without inflation *fb flanges, can't tell you how many hedg managers have be struck bite deal that interest rates shoul be higher them rates to go higher and that's laughable. the long-term rates should b higher budget deficit explode and the it will be a huge problem down the line i am stipulating it in theory with the whe government long-term treasur yields are supposed to be higher you bore and he rates are horr it hasn't happened white i don't know it's noted fed'
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fault they only shed short-ter rates the long terms rates are low because they are higher than japan and europe enticing foreign investors t buy our bonds. that leads fixed incom investors with no choice but t plow in to u.s. treasuries there are some power forces, these can make rates change. now, the chinese by way, you keep hearing they are they hav kick are liquidated u.s. treasuries they onlied 14 no only 7% according to the wal street journal and it hasn't had much of an impact is u credible pushing down long-term interes rates is no rope for the fed t tighten authorize the rates th fed controls, let's do it. take the idea of a fed-induced bubble off the table we have a economic extension fueled by lower taxes that's good thing we have a genuine fed-induced bea market in december that was bad thing, fouled by i didn' powell' bad judgment that wa bad that's why we should question the sanity of anyon who wants the fed to tighten
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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 brandon. i'm steven. and i'm bruno. and we're the owners of sand cloud. we love the beach, and we used to go to the beach all the time right after work. one of these days, we woke up on the beach super uncomfortable and looked at each other and had this idea of putting a pillow inside a beach towel. and that's when we first came up with our million-dollar idea: the pillow towel. we created the product and tried selling it on the beach, and that's when we realized it was a total fail. nobody wanted it.
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