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tv   Mad Money  CNBC  March 20, 2019 6:00pm-7:00pm EDT

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>> guy. >> yale will beat lsu, write it down schlumberger >> that does it for us here on "fast. don't go anywhere, a for us at t money. "mad money" starts right now my mission is simple -- to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere. and i promise to help you find it "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to make you some money my job isn't just to entertain but to teach you call me at 1-800-743-cnbc. or tweet me apple arizonajimcramer this looked like it would be a real bone crusher of a session when the president made some very tough comments about trade with china and stocks getting
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clobbered. but then we were saved by the fed. yeah, today the fed put rate hikes on hold perhaps for the rest of the year as they recognize the economy cooled out. there is a real inflation. why bother to tighten. one-sided mauling by the bear turnses into a tug-of-war before the market got hit by another pullback dow closing down but the nasdaq inched up 0.7% when jay powell says that and i quote it's a great time to be patient, because the economy is deteriorated, well, that's a big deal for you the change in policy means the bulls won't have to fight the fed. and that's fantastic for the stock market even if the company's earnings for the most part may not be as spectacular because the economy is slow. one that's good but not great coupled with a fed that's done tightening is a reliable recipe for a bull market. let's not get ahead of ourselves
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because for months i've been telling you it needs two things. we need a more dovish federal reserve which we have and the trade deal with china, which we absolutely do not have in fact, china is the reason stocks were getting clubbed before the fed statement this afternoon and why we went back down after a brief fed induced bounce president trump made comments about the need to maintain his tariffs even after we mac a deal to make sure it abides by its side of the treatment but the stock market wants a trade yield at any cost. weighed heavy loy on the hefrjs and jay powell came out at 2:00 p.m. and told us that interest rates would remain on a hold which allows averages to rebound. on any other day it would have produced a spectacular rally today it only gave us a temporary bounce which got repealed by chinese worries and again as will be the case tomorrow today the two stories canceled each other thought and trump is making hard line comments because he has the upper hand.
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more important, he obviously doesn't trust the chinese government this should come as no surprise so makes sense that he'd want to keep the tariffs to make sure china plays ball why take them off and then put them back on again, just keep them on. trump's in the playbook. it's like distrust but verify. that's why he's talking about leaving them in place even after we come to an understand withes prc. if you want to understand what the president is doing, got to give you a lesson. called context when ronald reagan was negotiating an arms reduction treaty with the soviet union he repeated over and over again while he trusted the russians there would be no deal to ensure that they were complying trust but verify became the watch word now we're at a crossroads in our trade negotiations with china and trump's made is crystal clear he doesn't trust the chinese government to abide by the terms of any deal they agree
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to if anything, i think trump trusts xi jinping less than reagan trusted gorbachev it's going to be a while before we get what we want if you're bullish. he believes china wants a deal but recognizes that the report of compliance is not so high the thing is there's a lot more to the story than trade. even though that's all the media tends to talk about. china ignored a 2016 ruling by the tribunal, the hague that said the chinese has no historical title to waters of the south china sea and the chinese navy moved into the area back in 2016 president xi said he no intention of military terrorizing the south china sea and went ahead and did exactly that and installed surface-to-air missiles. honestly i don't blame him --
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that's what governments do but do blame our leaders for lying to themselves to pretend america's biggest rival would ever deal with us in good faith. after they started claiming them our former defense secretary general james mattis accused them of intimidation and coerce. china got what they want so hard line trade negotiators have said over and over again they don't want to be taken for a ride by china like the obama administration, the bush administration and the clinton administration were. the hard-liners have the upper hand, people especially after today's statement from the federal reserve that inflation is negligible and it's not too hot, not too cold if the tariffss are hurting commerce this this country but they're not having that much of a negative impact empirically. now, the problem here is that the stock market is eager for a trade deal and wall street wants everything back to normal even if normal wasn't that gait for us without one it's a lot harder to own a whole host of international industrial stocks as i've said to you many times
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and i think we are a long way from a big deal. because our two governments are totally at cross purposes. the chinese are talking about buying more soybeans and trump is trying to prevent the theft of intellectual property trump's demanding the closure of chinese state-sponsored entities that dump products here putting american companies out of business the chinese is trying to purchase semiconductors from us but trump wants them to back away from the one road and main china 2025 initiatives which threaten our hegemony. it's about the trust gap i grow wary. i'm not playing that game. i'm telling you what's happening. until investors that's what's driving them we'll forever play this game deal or no deal and the market will get hammered every time people realize we're a long way from reaching a big
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deal maybe a small deal but nothing big. i'm not saying the deal is impossible i think we can get a deal but you have to understand the chinese government won't acknowledge they're doing ma'am many of the things trump wants then to stop and trump is in a hurry. he sees them getting ahead of the tariff increases and ignoring what the head of fedex said it's too big for our businesses to leave quickly and i fear he fears getting had. don't jump the begun it's good to have the fit on our side but the trade war with china remains on the side of the bears for now which is why today's session didn't go the bulls' way even though we had perhaps the most important statement we will get from the fed since jay powell became chairman ted. >> caller: thank you for all of you do for us investors. disney, despite increased
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revenues, increased dividends, reduced share count, a strong balance sheet, reasonable valuation, another blockbuster movie, plus the fox acquisition, disney still has not gotten back to its high of four years ago. what is wrong? >> okay, what is wrong in a big analyst meeting bob iger will have to lower earnings per share forecast because he needs to invest more and when you hear the word invest that's a negative for wall street i think it's a positive for main street and you buy it. the charitable trust owns a nice position we want to be bigger but not until they guide down if they do guide down alan in florida. alan >> caller: jimmy, let me be the first to wish you a big blow-out boo-yah to you. >> there you go. i've always wanted that. thank you. >> caller: i want to talk streaming tv seems like every hour on cnbc i
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hear another big company talking about their streaming strategy, more content coming every single day and roku seems to be the leader in the space. i think they have 27 million active users, growing at 40% a year and what do you think, jimmy >> i can't fight the tape with roku i decided, i was correct in telling people to avoid it for awhile and then i did not tell people to get back in it then i started liking it again. i don't feel i've been consistent enough on roku to be able to be valuable. you know you never want to admit it but doing it for 14 years, i will admit when i doesn't get it right. greg in pennsylvania, greg >> caller: yeah, jim, how are you doing? >> i'm doing well. >> caller: my question is for my stock that you like is bought at $10 and some change in december and i was wondering if i should
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hold on to freeport mcmoran. >> if it goes to 15 if you don't it goes back to 10 i don't like that kind of company. i like companies that do well either way maybe look at nike big, big in china. stocks going down. i think it reports a good quarter. mike, that's smaller business. mike in massachusetts. mike, mike, mike >> caller: b-b-boo-yah from the city of champion, cramer. >> city of runner-up says fine what's up? >> caller: i wanted to of course a quick question when why dog was diagnosed with meningitis i bought into ibxx but it was six months ago and it's down 16%. i saw it endorsed on your show quite a few times and was wondering about -- >> stick with it it's come back it's up 18%. the humanization of pets is a good long-term rate as any i
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have and it got caught up. working its way back i think it's terrific and i think don than does a fantastic job as ceo. don't jump the gun the fed is on the side of the bulls but trade is not yet on that same site petiq was in the doghouse after missing earnings estimates but could it bark be worse than its bite i'm sitting down with the ceo to see if it could move higher. then, smell that mitt romn it's musk. 400,000 american well develop postpartum depression. i'm talking about the latest therapy and how it hopes to help say 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 to
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and i want to circle back to a newer play, petiq. the provider of products from over-the-counter flea and tick preventive to health and wellness products plus petiq has its own veterinary clinics last week the company reported excellent results with 114% sales growth and solid guidance for the full year. and with the stock below $30 down 14s from from its all-time highs, i think it might be getting not enough credit. don't take it for me let's check in with cord christensen, ceo of petiq. welcome back good to see you, court >> thanks for having me. >> you have spectacular growth and i think one of the things is that everybody who has a pet, you have a pet, i have a pet know that having a pet is expensive but we're not going to spare any money on our pets so
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talk about the soup to nuts offering have you for my pet. >> we are focused on providing low cost convenient access to health care for pets and do that by partners with major retailers across the country and we're transparent about our price model so anyone can afford health care for their pets and when you provide more convenient access and it's more cost effective we just continue to grain ground on retaining and getting consumers into the space and ultimately providing the most incremental growth to the category. >> what is the strategy follow the pet and what does it mean for people who think about going to the stock. >> so follow the pet is straightforward. our customers we do business with provide 86% of the calories that pets consume. yet provide none of the health care for those animals and so petiq is purpose built from the very beginning to become one of the largest providers of cost effective pet health care and so
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ultimately we're building clinics and providing access to health and services in the locations where people provide everything their pet needs so when you go there you get to provide your food and calories but you also get to provide health care for your pet. >> as we pets go from the basement to the bedroom to the bed, why do we need petiq? >> well, i think we need petiq because 50% of pets don't get any health care. >> 50% is it because it's too expensive. >> whether convenience or cost those are the two main reasons addressed. we provide a great opportunity to educate people and really when you look at it, the pet humanization trend is alive and well so as we continue to provide access and education we think we cancontinue to close that gap and end up with healthier pets that live longer and provide the joy you're looking for and why you're making it a member of your family. >> you have quality product food i want you to talk about it. i think people no longer just
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want to give their pets regular dog food. >> right well, we are partnered with all the major manufacturers in the country that provide prescription diets and that's one of the offerings we have as a company we don't make food. we provide access to the prescription diets but everything that we do in our company is focused on providing the same items found at the vet before there was petiq and making those available so everything we do is high quality. >> how about your pop-up clinic strategy. >> we have 3400 retailers in the country that we bring a veterinarian, a couple technicians and we run a clinic for a day at a time. last year we ran over 74,000 clinics. i actually believe last time we talked about the fact you treat your pets at wound of our tractor supply locates. >> great doctor, dr. christensen. >> no relation to me >> what do you guys do -- look, we all love our pets but we also know there are unfortunate pets and know that there are pets where we got our mutts from a kill center.
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what do you guys do beyond that? i know you're a pet lover. >> we do a lot of things to give back as a company. we think that's really important and partner with a lot of those very, very specific clinicsto provide access to the products so they stay healthier until they can be adopted. one areas is to partner with service dog organizations and focus on those injured veterans out there that the suicide rates are incredibly high and it's amazing when you add a pet to their life that provides them companionship and service that rate of suicide drops by almost 90%. >> 90% >> it's a huge number. >> why don't more people know this. >> they should there's some great organizations out there if if you go to our website you can see the ones we support. there's always room for more and we think that veteran program is something that if people understood how much value it provide, it's a place where we'd focus our money and we will continue to invest there in if you were to put up all the clinics that you think you could, would you not have a multiyear growth path because
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that's a lot that you want to do. >> yeah, so we have a state objective to open a thousand wellness clinics over the next five years as a company when we arequired vip pet care it has 36 regional offices fully staffed to hire, train and operate clinics within ten miles of 90% of the u.s. population our offices need to open just a little more than five kline ins a year to do over a thousand clinics in the next five years >> well, that's why i think it's just a terrific growth stock we love our pets so much thanks to cord chelsea, ceo of petiq. thanks for the service dog initiative you are doing and saving so many veterans. stay with cramer duncan just protected his family
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with a $500,000 life insurance policy. how much do you think it cost him? $100 a month? $75? $50? actually, duncan got his $500,000 for under $28 a month.
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less than a dollar a day. his secret? selectquote. in just minutes, a selectquote agent will comparison shop nearly a dozen highly-rated life insurance companies, and give you a choice of your five best rates. duncan's wife cassie got a $750,000 policy for under $22 a month. give your family the security it needs at a price you can afford. okay, on a not so session for the averages i was amazed to
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see tesla's stock rally up more than 2% today. what do the buyers think aren't they paying attention to the big contempt of court fight between musk and the s.e.c the s.e.c. filed in the federal court of judge alison nathan, distinguished jurist and after reading it unless you relish the idea of tesla without musk at the helm i don't know why you would want to buy stocks here. a few months ago he reached a settlement with the s.e.c. over his allegedly fraudulent tweets and tesla appeared to impose safeguards but according to the s.e.c. that process turned out to be a total sham musk was supposed to get tesla approval before he tweeted anything about the company but this has been in place for months and he hasn't sought preapproval for a single tweet now he claims the s.e.c. is violating his first amendment rights, the most absurd argument i've ever heard. it's in plain sight. the guy can't help himself
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a cursory read through the brief shows he tried to puff up his stock tweeting it made zero cars in 2011 but will make 500,000 in 2019 and tweeted he meant to say they'd be an annualized rate of 500,000 but that's a huge difference that's not the point the point is, you can't do this stuff. musk's lawyers claim their client has a right to determine what tweets are immaterial to tesla's stock and even if it turns outto be wrong, okay, even if turns out to be wrong he can just correct the record later like he did with production numbers i'm sure that's the opposite of what the s.e.c. and judge nathan meant. [ buzzer ] >> when they agreed to this. the opposite and that's why i think elon musk is in real floubl. if the s.e.c.'s allegations are true he's basically spitting in the justice system's face. musk thinks he's fighting the s.e.c. huh-uh with his contempt citation he's
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fighting judge nathan. i don't see her putting up with this she can't let him violate a court record and get away it the whole system would unravel she's basically saying he represents a material threat to the settlement process she's overseeing musk is now her problem. as i see it, judge nathan is boxed in her court order process to protect the public from musk's tweets meant absolutely nothing to musk as it was never implemented. same thing with the company. she already fined him $20 million. he barely noticed. she can't trust the attorneys involved to rain him in. the process was never invoked. they could be in big trouble themselves she can't trust tesla's board to do anything. they seem to be asleep at the self-driving wheel that means judge nathan can only trust herself. three choices. only three choices because elon musk just won't stop firing offer tweets she can remove him from the ceo job. he can't mislead investors if he
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is no longer speaking for tesla. he can't control himself she can make it criminal and sentence him to prison that's a hard call but to be honest he's begging her to throw the book at him or install a special master to control him. i can't see any other way out of this because musk's attack on the judiciary, not the s.e.c., the judiciary is so egregious and i got to tell you unless you think tesla will do better with musk gannon of these are that great for shareholders if you want tesla would you buy it if he gets removed? at this stage i think a special master would be a big win. everything else a loss however, it's not just judge nathan's job to protect tesla's stock. it's her job to protect the justice system so unless she wants to make a mockery of her own bench elon musk will soon be looking for a new job. it is a shame. i think the guy is a genius, a genius and huge success in a business with little growth but don't think he can weasel his
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way out of this one. let's go to joe in arizona joe. >> caller: hello, jim. this is joe with a big boo-yah from sun city, west arizona. >> spirited boo-yah. okay >> caller: i'm a longtime listener and first-time caller and by the way, i'm originally from upstate new york, a little place called athens but i retired out here. >> okay. >> caller: anyway i thank you for your advice to us individuals. you've helped me a lot absolutely absolutely appreciate it. being retired i'm invested in 80% index funds per your recommendation. >> all right i like that. you got to have some individual stocks too okay >> caller: yeah, and the other 20%, the remainder of those are individual stocks. >> excellent ratio. >> caller: and listen, yeah, this is the first time in three years that caterpillar has
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missed their earnings estimates but only by about 1%. >> right. >> caller: when they've done that in the past they've gone higher after that. well, here's the thing with the new china deal on the threshold and a good time -- is this a good time to buy -- >> wait a bit. the president will dig in his heels and there's going to be people who downgraded it 2.5% yield, big cash flow let's wait a little and maybe catch it lower and i think you'll be ripe to buy. elon musk is in real trouble here ask yourself would you want the stock if he gets removed the fda just approved the first drug for postpartum depression i'm talking to the manufacturer of the innovatic new therapy sage therapeutics. how companies are helping you make money while you spend known? and all your call, rapid-fire, tonight's edition of "the lightning round" so stay with cramer
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here's a great story last night sage therapeutics, a biopharma company treating central nervous disorder treatments got fda for the first drug, a postpartum injection marketed as zulresso the stock barely budged in response and pulled back because the drug was considered such a sure thing because the data was so great and they released positive clinical trial data and it kept running over the next four weeks now that we know zulresso will be commercially available sometime this summer i think it changes the equation postpartum depression is a terrible condition and the drug is expected to instantly become the standard of care here. i can't tell you how special it
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is so much faster acting. they're maiming on major depression, another tough thing, parkinson's, sleep disorders let's take a closer look with jeff jonas to hear more about the drug and what it means dr. jonas, welcome back to "mad money. good to see you, jeff. have a seat. first of all, congratulations. when i see somebody who has changed many people's live, i have to congratulate tell people what there was before and what there could be now for a disease that a lot of people know is -- it's been around forever and it's never been treated >> well first thanks for having me. >> of course >> and i think the first takeaway from this is postpartum depression is the most common medical complication of pregnancy. and the leading cause of death in after pregnancy is suicide. and if you think about the standard of care today, you're talking about standard antidepressants which can take weeks to work or psycho they are
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i and despite that there's never been approved therapy for postpartum depression which is what zulresso is targeted at. >> let's go over this notion of suicide. since i met you you're one of the few doctors who is willing to talk about it it is a wrong tab boy. people who identify yacht suicide feel they're alone you knew this was a problem and willing to address it and you can cut down the number of people who kill themselves. >> the tragedy of all mental health is that it's often treated like a second class disease. you know, these are life-threatening conditions. it's the leading -- depression is the leading cause of morbidity in the workplace when we thought about this, we said, is there a way that we can rapidly correct the estimate, get women better if they need support then their mind is in a place to get it what we did was developed zulresso and what we saw was you saw a response, as you said, within hours within hours >> that's amazing. now, one of the things -- somebody was saying, but, jim,
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it's a 60-hour drip. who is going to do that? i think that actually is a very short time to take care of a longer-term problem. >> well, that's exactly right. if you think about this as a medical problem, right the leading medical complication, if someone has a gallstone or someone has a seizure you're not thinking twice about getting help we speak to a lot of these women and i've had the privilege of speaking to them they all say the same thing, we would rather get better quickly than suffer in silence. >> $34,000 i want it put in context people will say who is this guy jeff he is charging $34,000 >> well -- >> i need to you address it. >> one of the things you think about is postpartum depression doesn't just affect the mother it's a multigenerational disease. it affects the child, the spouse, the family it keeps people from work so -- we've spent a lot of time
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looking at the pricing we've spoken to pay yores. when you think about what we potentially are offering rapid response, one-time therapy, getting people back home we don't hear any resistance and there's a lot of enthusiasm for these women not to suffer in silence but get better. >> having to go back to work if they want to. >> take care of their child. >> be part of society. you're going after major depressive -- we know j&j had this brevard die they just -- the v.a. just approved which is what i think most recognize as a big issue, the taboo of suicide if you can stop it, how does this work versus say the way the other one works. >> the renaissance of treatment for depression is better for treatments it's a better thing to have more intervention ketamine is treated for other people it change the treatment model, getting people to think there are new options and new
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opportunities that treat these women and patients >> how do we get the word out? will doctors know? again, you're dealing with the community that didn't think there was anything for this and may not think that a 60-hour drip is the right thing. >> you know, again, i view this as a medical issue these are women suffering in silence. and, you know, we have to change the dialogue and challenge -- 100 years of conventional wisdom, get rid of stigma. if you get people better by correcting a chemical imbag that goes a long way to saying it's not your fault, there's something we can do for you. >> put me back four or five years. you thought about doing it did anyone think you could solve it >> when we started no one believed it. and i think this is one of the challenges in the opportunities. how do you change the dialogue and tell people depression, postpartum depression, life-threatening disorder, something you should treat, don't suffer in silence and you have a right to get better as quickly as possible. >> next question, will we miss
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gottlieb as the head of the fda. >> we've had a good relationship with the fda they're professionals. if you think about people like gottlieb and the fda they're like football coaches. they've seen it all and so we -- i think they'll find a great replacement but he's been a good asset. >> terrific. once again, congratulations to jeff jeff jonas an all the people out there whose lives will be saved. will be saved by this drug "mad money" is back after this -i call it my comfortable future plan.
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-it's our confident forever plan. -welcome to our complete freedom plan. -it's all possible with a cfp professional. ♪
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-find your certified financial planner™ professional at letsmakeaplan.org. >> announcer: "lightning round" is sponsored by t.d. appear trade. it is time time for "the lightning round. buy, buy, buy. >> sell, sell, sell. [ buzzer ] >> and "the lightning round" is over are you ready, skee-daddy. kanad in ohio. >> caller: i'm talking to the greatest of all time. >> what's happening. >> caller: i can talk to you all right, this is a high-tech cloud growth infrastructure stock up $40 since december 24th but has a negative p/e and i
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have no idea what to do here none it's bye, bye, bye >> splunk. doug is dynamite this is the way you will be able to have a great cloud strategy you need to mine the cloud data. i need to go to steven in california steven >> caller: a big boo-yah >> okay. >> caller: steven in california. how are you? >> good. how are you? thank for asking. >> caller: good, good. jim, i got to hand it to you, mr. chuck robbins came in on february 14th the next day i bought that stock at $47.35 and been taking a nice wave. is the wave going to last or -- >> why not chuck is great chuck is going to outlast unc who i said would lose in the third game i think -- i think cisco is
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terrific and think the price is falling. micron is trying to hold the line on prices it has security. it's no longer just hardware even up here >> buy, buy, buy to mike in new york. mike >> caller: hi, jim thank you for all i've learned watching your show through the years. >> well done thank you. come before the exchange nice people with pictures. >> caller: the next bubble will be the 5g sector so i would like to know if you would recommend the stock nokia. >> no, nice downgrade, not feist if you own it. i just think nokia is okay, okay erickson is okay 5g play is xilinx which is why i had to rename xilinx bob marley. it has game. greg in arkansas >> caller: good morning, jim cramer big arkansas razor back boo-yah
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to you >> always welcome. always welcome >> caller: jim, i like your professional opinion on seabridge gold >> we are barrick fans we think he has total game it's now rangold g-o-l-d. tyreik in new york tyrek. >> caller: how are you doing, jim? >> i'm good. >> caller: big boo-yah to you, my brother i just had a question about ringcentral. i have stocks in there and like the growth. >> we like some ringcentral. we hung out with them. really smart great team we recommended the stock after we met them and palled around with them and did a lot of work on it and i think ringcentral is a good stock i think we go to michael in massachusetts. >> caller: boo-yah, mike
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broad reach. broad ridge. >> doing a good job. helps during proxy season and tends to go up but i have not pushed it hard because i don't have a catalyst. let's go to alex in california alex >> caller: b-b-b boo-yah, dr. cramer. >> serious >> caller: i wanted to give awe quick shoutout to all the iranians and say happy new year to them. okay si denta okay, occidental >> i don't want to get anyone in a fossil fuel stock because they're not that good. john in florida. please, john. >> caller: hey, what's happening, mr. cramer. >> i don't know. i got to hang out with the wife tonight. supposed to work how about you?
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>> caller: the plod power. >> it's been around the block so many times, plug power it has always been more hype and hope than been reality we're not going there. richard in iowa. richard. >> richard >> caller: yes, cramer, first time caller, boo-yah to you. >> boo-yah back. >> caller: i'm calling about kraft heinz. i monitored it a year ago, bought it just about a year ago at $58 dollar cost averaging. what do you think? >> i am not a fan of kraft heinz. and i got to tell you, a lot of people felt they could own it and be protected by the dividend then they put the dividend as far as i'm concerned, and that, ladies and gentlemen, is the conclusion of "the lightning round. >> announcer: "the lightning round" is sponsored by td
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ameritrade >> hey, i'm cramer welcome to "mad money. other people want to make friends, i'm just trying to make you some money ♪ >> welcome to "mad money." 101. [ cheers and applause >> from the u.s. military academy at west point. >> "mad money" is not a show about picking stocks for you it's a show about empowering you to think for yourself. you are the reason why we do this we want to level the playing field for you. this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to main st. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? it's just complicated. step-by-step options trading support from td ameritrade
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at a time when the financial technology stocks have been on fire, you better believe it caught my attention when green dot the payment company told us they were teaming up with stash, a privately held company that operates the low cost easy to use micro investment app of the same name. basically stash makes it simple for people to invest small sums in a rank of stocks, of course, etfs including setting up automated investments so you don't need to think about putting money aside. i love this kind of thing. the result of green dot's partnership with these guys is the new stock back feature rewards program that visits for customers as they spend money. your typical rewards program is designed to make you spend more. this is designed to make you save more. a reverse rewards program. i think it's intriguing so let's take a closer look with the founder and ceo of green dot and
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brandon krieg of stash to learn more about this process. mr. street and mr. krieg, will committee to "mad money. >> thank you. >> you know the show is about democratization. too few own stock. i'm not against etfs but getting younger people involved is i'm something i'm passionate about i go to chipotle >> you put it in the machine and pay and immediately you get stock. it's that simple so it's automatic and happens behind the scenes >> so it's a $600 stock, i get a sliver. >> you get a small amount but every single time you go back so the point is make investing automatic because you live your life so go to mcdonald's get mcdonald's go to your local deli, that's where you get a diversified stash etf but you get it every time. >> your relationship with him, is it electronic ki use paypal or a credit card.
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>> we are a bank and silicon valley tech firm that's married on top of the platform and have a lot of different product and business lines one is called banking as a service, collection of apis. >> b.a.s.s. and sass they create their own customized bank account to do whatever it is or rewards debit card to do what they want to do to make their company work better and bond loyalty with customers and so it's only limited by the creativity of whoever is using the plat fop we're the bank, our technology, our bank and their creativity and stash is a very creative partner. >> some pops, dunkin' donuts, netflix. they love the idea much more involved than others >> they're actually not involved directly those are bonuses we chose to stash. >> that was you guys
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>> we picked them. >> so in other words you are reflecting upon what you think people would like. >> yeah and we change them right now these are the ones we chose. we wanted to fuel the caffeine behavior of our customers. >> does reed hastings know do you tell him. >> maybe he'll know. >> i feel companies are oblivious. a good example we got these companies because big institutions say we don't want to pay -- we have to pay money for share so let's keep it up as high as possible so we have to pay less because they don't split stocks anymore that has been maybe the worst single thing for the individual investor i know if i break that pen, i only have -- it doesn't create more value but isn't it true we have lost a generation because everybody -- no one thinks you can ever buy one share, it's not enough at least this way the stock is split ridiculous they refuse to do it. >> it's more than that to not to overtoot stash's horn. it's more than just the price of a stock. it's people are not financially
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literal. >> i know. >> so stash -- >> we're losing? >> not to brag but tell them. >> 80% of people in america live paycheck to paycheck so unfortunately a price of stock is something people can't do so when you're looking at the marketor watching the show people will feel bad about themselves so we started stash three years ago and have over 3 million customers who signed up in a short period of time so say i want to be an investor. >> if they own an individual stock it's dangerous there's single stock risk and own good and bad stocks. >> we're there to give them advice so if you buy a big basket of stocks we're going to be there to help you get diversified and it's more than that. it's also about financial education. because you can't expect someone to start buying stocks or start doing something that unfortunately a lot of people aren't comfortable with without teaching them so not only are you using stock back to get stocks where you spend your money but also you're learning about the companies and you are
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learning about these unfortunately lost concepts people stopped learning. >> do i get a statement which shows i own 1/60 of a share of chipotle does it look like that. >> you do. we fractionized visiting so with our clearing firm apex you are buying real shares in the market it's very similar to what a drip is so getting fractions of stock and the theme is to do it on a regular basis so we teach the habit so don't just buy it once but either buy it on your own all the time or make it automatic. >> grow over time. >> where the dividends of stash when you get them. stay at the bank. >> any monetization goes into the stash account which is fdic ensured and our technology runs the back interso we're the bank behind the scenes and the technology behind the scenes and stash is in the front and we're in the back. >> 3 million people, that means there are still people who believe in owning a piece of america. >> yeah, a quarter million accounts a month. >> you know you're right up my alley.
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that's when i heard it i had to have you on. steve street and brandon creek of stash what can i say, this is what you should give your kids. let them start making money off all the money they spend thank you, gentlemen thank you. "mad money" is back after the break. don't wait another day. physical gold coins are easy to buy and sell and one of the best ways to protect your life-savings from the next financial meltdown. - [announcer] today the u.s. money reserve announces the immediate release of u.s. government issued solid gold coins for the incredible price shown on your screen. these gold american eagles are official gold coins of the united states and are being sold for the price shown on your screen. - with over a quarter of a million clients worldwide, we're one of the most dependable
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don't wait another minute, call now to purchase your american eagle coins at cost, for the amazing price shown on your screen. okay, good news for the semiconductors tonight micron oreos a good quarter. the way they reported is interesting. they basically are cutting production and when you cut pro-ducked that's often how you get to a bottom and inexpensive spot i like the semiconductor decent number from williams-sonoma. some are good and some are bad every time you hear there's about to be a trade deal someone else says, wait a second there may not be a trade deal because of all the things the chinese have to do that they won't do 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
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i will see you tomorrow. get ready for 26 models, 26 cases, and infinite possibilities. it's the game where risk, reward, and timing combine for an hour of endless excitement. the only thing tougher than this strong, powerful woman... - that is aggressive. that is very aggressive. announcer: ...may just be these two strong, powerful women. - we're fearless, okay? we are fearless. - you're really good at this, mom. - for real. announcer: tonight... - this is gonna be amazing. - no deal! announcer: ex-marine jade thomas and her mom, cheryl myles... - we are here to bring families together.

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