back to 2016 highs at 140. >> bonds are moving up. >> i'll see you 11 hours from now, no doubt on the tv. >> brian >> we'll call you in there thank for watching "mad money" with jim cramer begins right now. "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, and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. other people want to make friends, i'm just trying to make you money. my job is not just to entertain but to educate and teach you so call me or tweet me @jimcramer. you know what makes this market so darn tough to game? it's that it's got a can't live with it, can't live without

quality. days like today where the averages open strong, and look, fantastic. before being slammed dow plunging 238 points, s&p plummeting 0.84% sell sell sell sell sell still going down 0.39% you can't live with this market because we've got some real worries here first, i think we could be on the verge of a slowdown in the u.s. economy if something doesn't change consumer and corporate confidence waning. things just don't feel right in this country we have a huge number of executives who seem frozen in their tracks isn't that what the bond markets are telling us with this relentless decline and long-term treasury yields? it continued today sure the economy seems strong, right? but that doesn't mean it can't get weaker a. the end of the day, the business cycle is all about confidence, and it's awful hard to maintain any kind of confidence when every day we learn something surprising from the u.s. government that throws us off course.

i look at the times, old fashion. lead story in the "new york times," trump administration hardens its attack on climate science. you might think that's good for business, but it's actually more complicated than that. let's say you're in charge of a gigantic utility, a public utility, one that spends billions of dollars to keep your lights on. what are you supposed to do? back in the day jimmy carter, remember him, president, tried to wean us off foreign oil by embracing coil, saudi arabia coal our utilities make -- to build coal plants with about a 40-year cycle. that's how long it's supposed to last until trump came along the plan was these plants would be fazed out, replaced with something cleaner. if the white house doesn't believe there's anything wrong with coal, why not simply retro fit these coal plants. maybe the epa will insist on it. because if trump loses next the election next year, we're going to have a democratic president, and all the democrats believe in climate change, so let's come back to the people running the

utilities that got all that money to spend to put people to work what the heck are they supposed to do here simple, they do nothing. they wait this out to see who wins in 2020 they put the pause button on, but if they do nothing, what are they doing they're creating an environment with no jobs where people are going to say i don't know, what's going to happen next. let's do nothing >> the house of pain. >> job producing jobs go out the window i don't know i can detail dozens of different industries that could be upset by the same mission. we need more pipelines from that permian basin, that area in texas with all the oil it's got to go to somewhere, right? but will democratic administration allow these pipelines to be completed? good question. maybe they'll ban exports. that's possible. second, therest a tra's a trader no kidding while the vast majority of businesses won't be impacted by the tariffs, they're still having a horrible impact on confidence when you listen to these retail

conference calls from last week, you came away feeling that there's nothing more important than the trade war, but $800 per person number, no proof whatsoever, but we are the perfect industry to own when employment's strong like it is now, the one you can always buy during a robust economy, it's become too risky to buy, the retaile retailers. it's very frustrating to buy a stock when you don't know whether the earnings estimates are going up or down at this point jpmorgan's jamie dimon said the trade dispute has become, quote, a real issue, end quote. he says the trade has gone from a skirmish to being far more important than that. if this goes south in a bad way and you have other surprises, that could be part of the thing that changes confidence, that changes people's willingness to invest there we go again, confidence. remember in september when we were in philly with him, and he was talking about a trade tiff what happened to that? third, normally when treasury yields fall to these levels dividend stocks go higher.

this time that doesn't seem to be happening high yielders are staying high yield. we own dow chemical and bp for the charitable trust and they yield 5 pr.8% and 5.9% yields don't protect you anymore. no one cares, the stocks keep falling on fears of a worldwide tariff-related slowdown. the parade of ipos never stops and keeps chewing up our capital. the unicorns, i hate the unic n unicor unicorns they've exhausted us after lyft and uber investors are very skiddish about putting their money in new deals. lut kin's not a unicorn, it's just a bad stock beyond meat were terrific right out of the gate, but pinterest stock got clobbered the last quarter and i don't know how to describe this beyond meat expect to say its stock is even crazier than i am. especially in today's run. there's a lot of good reasons you can't live with this market,

but on the other hand you can't live without it either avoiding stocks is just as risky as oewning them here. why? first is the fomo factor yesterday the president told us we're far away from a trade deal with china in fact, he said the chinese will regret not taking the last offer when they had the chance before the talks broke down. then in the same breath he tells us we're going to get a great deal hold on, now if that happens you're going to feel real stupid if you don't own any stocks. look at something like apple, okay which has been way down by its massive chinese business we're finally getting the number cuts i've been expecting here. i was going to put the knife to this then people said oh, he hates apple. i think he should own it and not trade it even after the estimates have been lowered you've got a stock that sells for less than 16 times earnings you're going to kick yourself for missing. it will crush you if you're short. plenty of companies have no chinese exposure whatsoever, and these companies will do fine even in a slower economy facebook, amazon, netflix, and alphabet

remember alphabet was google, remember faang, do you want to sell these fast growers that have no chinese business knowing that their earnings trajectories will remain fabulous do you want to sell something named amd only to learn its chips are selling extremely well, which is why the stock ral l rallied today. sending a whole group skyrocketing, you want to sell pa paypal, be my guest, of course not. you do get a slowdown caused by deteriorating business in consumer confidence. don't you think the federal reserve will move to cut interest rates and give us a boost. i actually like that in retrospect it was a huge mistake for the fed to tighten against last december. they're partially to blame for the decline in confidence. what if the fed rolls that rate hike back? i think the market would explode higher, and that's the problem the bottom line with this market, you're damned if you do, and damned if you don't. that's why i think you should have some exposure to stocks but also some cash on the sidelines.

the president made it clear that the trade war's going to get worse before it gets better, and i think this damaged business confidence enough you may get lower stock prices be patient right now in most sectors it's too early to take a swing, but if we keep going lower we will bake in the negatives and the power will be on the side of the bears just like it was on the side of the bulls today. how topical. on shoulder, please. john in massachusetts, john. >> caller: booyah, jim, go patriots >> what the hell top of the show, he has to say that go ahead, finish your thought. >> caller: my question is about shopify, and how the trade war between u.s. and china has asktsaskt affected how can we interpret the trade war's effect >> it's kind of like your man belichick, it does its

assignment, it gets the job done 8,800,000 customers. it's hard to do better than that they are the engine of the small, medium sized economy that can't be wrecked by let's say world trade. i'm a diplomat steve in new york, steve. >> caller: booyah, cramer, long time listener, first time caller my question's about the overall health of the u.s. steel industry and new core, you've interviewed the co earlier in the year who was optimistic about its company's future as evidenced by investing billions of dollars in a new plan but despite steel tariffs and a growing economy, new core shares have been at a steady decline as most other steel producers and it's hovering around a year-to-date low on the bright side they still have a heavy dividend, is now the time at a bargain basement price. >> something asked me that this weekend, i was in mexico doing some work, and i said you know

what they may be the only steel company that survives. it is absolutely ridiculous that that stock is down where it is people feel this worldwide slowdowns and who are these people that keep saying everything is going up in price. do they ever look at cold rolled steel, hot rolled steel. do they do that? my life's miserable because i look at that stuff there's no inflation, and we should stop thinking the tariffs are all that bad because everything's down in price including lumber how about kamal in illinois. >> caller: yeah, booyah. >> booyah. >> caller: listen, my question is on buy do stock, you know, it's the google of china that's what i'm hoping it is and just had their earnings out, and they missed -- actually, they had a loss for the first time, and the stock collapsed. it's been falling a little bit before that. it fell into a hole. my question is is this a buy now or is this going to fall -- >> that was really an awful

quarter. to be honest, that was just a terrible quarter this isn't like alibaba. i can defend alibaba they had a good quarter, but that was just a terrible quarter. i'm still mystified by how it happened, but i can tell you this, please don't -- it would be a big mistake you can choose to leave the market or stay in the market, both at your own peril be patient, pay up small buys, on "mad money" tonight, looking for something to snack on? i'm going to sit down with the ceo behind brands like oreo and sour patch kids to see if we can double stuff your portfolio profits. and what central bankers might do in the future, i hear about it all day, i have to join the fray take a more quantitative approach, certainly unemotional. and it is all over the map in after hours trading. i can tell you it was a great quarter, so stay with cramer

don't miss a second of "mad money" follow @jimcramer on twitter. have a question? tweet cramer #madtweets. send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com.

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for investors returns can be sweet, and this company is focused on snacking the smart way. can organic growth and local brands bake in some gains to your portfolio when people are worried about the economy, the packaged food stocks catch fire if you're smart, though, you don't just want a package food company, upyou want the best. which brings me to mondelez. it's the snack maker you know as nabisco, oreo, ritz, chips ahoi. trident gum among many other brands including cadbury ever since dirk van de put took over as ceo mondelez has been a remarkable turn around story

when these guys last reported in late april, they shot the lights out. get this, nearly 4% organic sales growth that's huge for a packaged good food company fueling a terrific earning speed. let's take -- i'm excited about this let's take a close look with dirk van de put. he's the chairman and ceo of mondelez international who's lit a fire under this company. welcome to "mad money. good to see you. >> great to be here. thank you for having me. >> thank you so much for coming on the show. i've got to tell you, you've revolutionized this company. one size does not fit all. you're a globalist, and you recognize what sells in china may be different in india, may be different in russia yet all your sales are going up. how are you doing? >> you're right, yes, that's what i believe in. i don't think consumers particularly in food pts to eat the same thing all over the world. we're trying to adapt to that. >> how did you know about insurgent brands how did you realize that china might want something that we don't want necessarily

>> well, by listening to the chinese consumers, we try to get local insights and talk to them, listen to them, observe their snacking behaviors, and they will tell you if they like it or don't like it, and from there we develop our product. >> what it says to me is that you're willing to spend money to make a lot of money. a lot of your come padres want to cut, cut cut because they think the secret is to fire people and people will come in to get the brands. i think you're doing the opposite you're growing in every year and you're willing to spend and it's paying off. >> yeah, it is we do believe that brands in general need a little bit more support in food, and we want to invest in them don't get us wrong, we are also focused on costs, but we're trying to do it in a slightly different way in the sense that in a big company like ours, many things don't work out perfectly. there's always something going wrong, and that costs you money. we focused on running things the most perfect way we possibly can versus slashing costs.

>> so my wife said to ask you, how come we didn't realize to dip oreos in chocolate who came up with that? was that your idea >> no, no, no, i wish. we have very good research people, and they realized that this was something and i think overall, what's going on, we call it choco bakery, it's biscuits and chocolate, and somewhere in the middle there's these biscuits dipped in chocolate, and they work really well for us. >> we're talking about double-digit growth, this is not just anything, right >> no, it's good oreo is more than just the chocolate version. it's about connecting to consumers. it's about staying playful, connecting with your kids. >> staying playful i like that. >> and millennials like the brand, generation z, it's their number one food and beverage brand. they really are connecting to the message and they love all the variety. >> you like to be current. you mentioned playful, "game of thrones" cookies limited edition. no one's done those things in your category, right >> no, no, no, moon cookie is coming, remembering the first

man on the moon, oreo. >> you destroyed us. you destroyed our office you bought this, this is a great local brand. anyone who used to go summer in the island knows this was the best you even came up with a millennial size. i hate the millennials but that's okay. we'll give them that they need portion restraint i'll call it how well is this brand doing >> it's on fire. it's really growing very fast. it still isn't in every store in the u.s., so it's huge potential. >> no? >> no, no, no. and in the store it's in it doesn't have enough space. it needs more space because it's out of stock all the time. >> you're telling me this is one you can't stock. you can raise price. you did raise price for some things. >> for some things we did raise price. we didn't do it on this one. this one is already a little more expensive it's a premium cookie. we did raise price in a very balanced way, and we're not seeing an effect of that right now. >> this is very important because this is to many people, to vegan's in particular, this is beyond meat but sustainability speaking of sustainability, your cocoa project must be talked

about because there are people who want to own chocolate. they're concerned about the growers. new generation thinks about things like that what are you doing >> so cocoa is grown in a few countries around the world, usually impoverished companies we're talking about ghana, ivory coast, brazil, indonesia, and the farmers that grow the cocoa live close to the rain forest. they live in pretty difficult circumstances. there's hundreds of thousands of them, so what is surrounding this discussion is are we providing them with sufficient level of living. are they cutting down the rain forest, can we stop that because they want to have more land, and are their children going to school instead of working on the farm. what we're doing is we're working with the farmers' communities, learning them how to get more yields out of their trees so they don't cut down the rain forest. we're organizing the community so that they can take care of themselves so they get schools, hygiene facilities, and so on,

and we are also making sure that their kids get the right education. we go sort of group by group, we have to do -- >> you've been there this is not something that you've offloaded >> no, i was in ghana and ivory coast a few weeks ago. i met with the government and looked at what we could do to get her there, yes. >> okay. that's great you're also forward thinking you've been willing to discuss cannabis now, there are a lot of people who recognize that cannabis, history is saying it's going to happen lots of people love snacking and cannabis why are you the only consumer package good person who's willing to even talk about it? >> that i don't know i think particularly cbd, which there's thc and cbd. >> oh, there is? just kidding >> yeah. cbd has some good connotations. >> remember, they made hemp legal, so i mean it's a natural one, right

>> and so we're looking at it. don't get me wrong, we're not going to be the biggest cbd play in town, but we do think there's going to be a moment that there's chocolate with cbd, biscuits with cbd. we just want to be prepared for that. >> okay. i think cbd and chocolate, obviously chocolate bars in the states are very important. here's something i've been trying to figure out and same thing goes with hershey. what the heck happened with chocolate? why did chocolate make such a -- why did it have such a growth spurt? because gum hasn't a lot of other candy's just doing okay did the world rediscover chocolate? >> i think they did. i think the world rediscovered indulgence, and mindfulness and enjoying what you eat, and relaxing while doing it, and chocolate is a perfect for that. >> you're in the now, and you eat chocolate. it's kind of ethereal, isn't it? >> it is there's something special when you eat chocolate, you savor the taste. you feel different

you get an uplift. so i think consumers these days on one hand they want health and wellness, but also they want indulgence at the right moment, and i think chocolate is perfect for that >> how is the world consumer doing in your eyes >> i would say overall pretty good i mean, if i look at food they're doing pretty good. i would say as it relates to their overall life circumstances and how the middle class feels and the lower class feels, they don't feel well at the moment. they're spending okay so we're pretty happy about it, but i think there's something going on with we call it changes in mexico, brazil, some of the discussions around brexit and so on there's this unease with their overall situation. >> all those countries, people are snacking more. >> they're snacking well because it's a lifestyle change. consumers are more on the go they eat more out of home. millennials particularly don't really want to sit down and have a big meal they want to sort of fuel themselves, and they eat seven times a day, and so snacking is

really growing as a habit and also the market is growing as a consequence. >> last question, when are we going to get the yard toblerone in america >> well, i have a big one. >> yeah. >> not just me, i was thinking maybe the 317 million people in our country. >> i would love to sell them like this. >> it works, in italy it's the thing you get when you're on the rest stop or the road. you've done a remarkable job in a year and a half. >> year and a half >> and you've got great growth, organic growth, fabulous acquisitions congratulations to everything you do. >> thank you >> and most importantly thank you for helping the cocoa workers because that's what you're going to be remembered by dirk van de put, his international chairman and ceo this is the one to buy in a weakness you heard it, snacking is taking over the world "mad money" is back after the break. this workday may be over, but cramer's workday is just heating up "mad money" welcomes a cloud king and we'll be right back

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what could breathe new life into this market after what's developing into very difficult month? some are hoping for the federal reserve to give us a boost with a well timed rate cut. hope is not part of the equation does it make sense to expect that the fed will reverse course and starting to ease since this is really as i said at the top of the show at the crux of why you should stay or go. they love to speculate about what central bankers will do in the future, or what they should do tonight i want to take a more quantitative approach to this issue. you know, she's that brilliant technician who's the cofounder of the car lee trading the offer of high probability commodity trading. a lot of times we talk to her about oil, she's been dead right. we're looking at these futures they're designed for the sole

purpose of allowing traders to bet on where short-term interest rates might be headed. you know people like to bet on anything, right? i'd bet on football before i'd bet on this. basically this whole instrument exists to let people speculate fed's next move. take a look at this daily chart for this december. before we get into the details, you need to know how this thing works. the fed fund futures are a little odd they reflect 100 minus the market's expected interest rate at the contract's expiration that means if the consensus is the fed will raise rates to 3%, the fed fund rate will go to 97. this was what predicted it that's when people made that bet, they made a lot of money. what does the chart tell us right now? right now the fed funds futures for december are a little below 98 this is today which tells us speculators are anticipating the federal funds rate will go to about 2% by the end of the year. this is clear evidence the sfeklators are banking on one or

two rate cuts over that period of time. when you see where the ten-year treasury went out today, interest rates plummeted again, you can see what the consensus is talking about why? right now the federal reserve's target rate is 2.5 if investors expected jay powell to do nothing for the rest of the year, the fed futures would be at 97.5 the fact that they're at 97.9 may not seem like a big deal to you, but it's huge trillions of dollars bet in this market, it means the futures markets are forecasting that the fed will start easing sometime in the next six months that doesn't mean these speculators will turn out to be right. people who try to game the fed are often wrong and disappointed last november when jay powell was making threatening noises on how he needed to raise interest rates aggressively, the fed funds rate went to 97. okay, meaning people were looking for a 3% federal funds rate then the stock market cratered, the economy slowed down and powell changed course talking about the need for patience.

garner points out it didn't take long for the futures market to go from anticipating no change to anticipating rate cuts by april the fed funds rate futures were soaring so you can see this big rally. that's all people making a bet how would a bookmaker break it down garner notes that the fed funds futures are predicting an 80% chance, 8-0 of at least one rate cut by ent end of the year the futures market has priced in a 30% of two cuts and a small group of traders are betting on three or more rate cuts. that's really on the outside that's the over, over over and all this seems like an overreaction garner believes that the fed funds fed is stuck between a rock and a hard place: on the one hand we've got robust economic growth coupled with barely any inflation, take a look at, that obviously employment growth is good. there's no real reason for them to do anything now when jay powell tightened too aggressively last year it really did slow down the economy. it's possible that might be able to preemptively cut rates if

that means staving off a recession of their own making. we could see a multiyear pause from the fed both because it makes sense as monetary policy and because of what she sees in these charts when it comes to the fed funds futures, both the relative strength index, that's the rsi, okay, and the williams percentage oscillator are in mildly overbought territory. this one's just a little bit overbought, which suggests the futures have come up too far too fast meaning that this thing was an overreaction. plus, there's a powerful at 97.9 to 98. she's saying they're peaking right here right now she's making a very big call if garnes e garner's right, right now this thing is baking in more than one rate cut and that seems way too optimistic for her check out this daily chart of the i shares 20-plus year's treasury etf long-term treasuries are flirting with multiyear highs. remember, when rates go down

bonds go up in value okay, yields are near multiyear lows while long-term interest rates are only partially impacted by the federal reserve, there's still some correlation, and as far as garner's concerned, this chart is bad news for the bulls. it's just the treasury prices are poised to go back down meaning yields will go up. if i told you how contrary this thing is, it's an extraordinary call by carly. extraordinary. just above where it's currently traded, meanwhile the relative strength index has crept into overbought territory the last couple of times this happened, guess what, we got significant pullbacks, garner expects the tot to come back down to the 124, 125 level. like i said, i don't know a sole who's listened to this who believes in what garner's saying that's okay. i like that. if this happens, she believes the stock market will actually

breathe a sigh of relief stocks will like it. when treasury yields are low, garner arguesthat it's a misread on the current situation. right now our bond market is distorted she says interest rates are so low in the rest of the world that foreign money keeps flowing here pushing our bond yields lower. okay it's not a sign of recession it's a sign that our treasuries are the only game in town if you're a global investor looking for risk free securities what does this mean for the stock market icht you to take a look at this weekly chart of the s&p 500 which i know most of you care about more than bonds. remember the bond market is much larger than the stock market if investors are expecting one o'r two rate cuts it means they think the economy's going to get worse giving the fed more of an incentive to change policy garner doesn't see much evidence for that in the s&p chart. the benchmark index needs to be waiting for the next piece of news to set the tone s&p has pulled back from its highs, but at least for now the pain is not that great garner can't rule out a test

ofts s&p's floor of 2725 or even a slide to the mid-260s. this is a lot of worry is right there, a lot of people one of the reasons why we went down at the end of the day, people feel we're going to get to that level. if she's right about the fed, she thinks the path of least resistance for stocks will be higher garner wouldn't be surprised if the s&p can work its way to 3030 nirvana, which is why she thinks any pullback to the 26 hundreds would mean you would have to sit there and buy buy buy. the charts in a completely contrary way suggests that a lot of o'people are anticipating a more lenient fed traders are betting on one or two rate cuts this year and she's saying that's a very risky bet to make. i don't think the fed will go there unless the economy gets substantially worse from here. that's always a possibility given the big picture data has gotten a heck of a lot weaker over the past few months can you imagine if we got back there? all right, there's much more mad

money, workday just reported after the close spoken the company's amazing run continue it's not really clear. we've got to find out. and then when does global payments decision to buy total system services, what does it mean for paypal? i'm giving you my take tonight's edition of the lightning round so stay with cramer

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on a not so hot day like this one cloud reigns supreme. back office jobs, especially in human resources, payroll, financial management this is a textbook secular growth just two weeks ago they told a terrific story today the numbers were excellent, solid top and bottom line, strong subscription revenue. look, the only problem the stock has run a great deal in the quarter. let's drill down with the cofounder and ceo of workday, learn more about the quarter and his company's prospects. welcome back to mad money. >> how are you >> i'm good. congratulations on a major beat. you just keep doing it i wanted to drill down today, i

mentioned products what i really meant to say is you've got a whole suite of products now you are no longer just in capital management, and the more i read, the more i realize that the financial management since adaptive is really front seat in terms of a the lot o'clien -- of a lot of the clients that you're getting. >> you're absolutely right for core accounting products we saw 50% year-over-year growth. planning the suite that we got from the acquisition of adaptive has been just doing fabulously well this past quarter for adaptive we signed air bus, astrazeneca and h&r block, so we're seeing those large institutions now adopting planning in the same way they've adopted hr and finance. so we're in a nice place right now. it all stems from having happy customers, happy customers tend to buy more from you and they're looking for us beyond hr, looking to us for finance for an lit ices and for planning. >> it's interesting you mention

air bus, there's a wedbush piece that came out a week ago, sap is mostly locked down a lot of europe wait a second, you have zieman's and you have air bus, i can't think of two more quintessentially european companies that worked dworkday won. >> we continue to see it as a relatively untapped market i think we have about 450 european based multinational companies as customers, and of course all the u.s. multinationals generally have a large presence in europe, so it's a market we're excited about and continue to do well in >> sometimes i like to judge a company by actually who they are winning. procter & gamble, geico, and quicken are three of the smartest companies in the world. geico obviously buffett, i hope gilbert gets better fast he is genius p and g, undisputable. how come you're winning these companies that truly are managed by the smartest people on earth?

>> well, that's nice of you to say. i think they're three extremely well-run companies dan happens to be a friend i wish him the best as well for a speedy recovery. all these companies are going through a transformation, a digital transformation for their hr and finance operations. we were fortunate to get an early start in the cloud we have an architecture that scales to the largest companies in the world, companies like walmart and amazon use workday, and so it gives these companies comfort that we can get there. we've done it all with natural cloud architecture, and we do it with high levels of customer satisfaction all those customers i'm sure talked to many before choosing us. >> people got to understand there's a lot of times that companies are very much deeply invested in oracle i don't mean to slam oracle, but it seems like you are winning a lot of business away from oracle, including some i'd say fortune 50 companies are leaving them to go to you? >> customers are very smart, you

know, 20 years ago when we were selling technology on premise technology was not always easy to figure out what the best product was. in the cloud it's much clearer, the best product and the best support, and you know, i like our chances when customers do references our customers are happy. we're at 98% customer satisfaction levels, and i believe we've got the industry leading architecture for cloud solutions for hr and finance, and i think that that bodes well against our legacy competitors. >> i often try to figure out how do you get 98% satisfaction? here's what i'm coming down. tell me if this makes any sense to you we're talking about impact per share and purpose per share this year you are a top rated place to work on in our country are you getting people that you could not get otherwise that are making it so that you are competing against other companies that aren't getting the same people you are, caliber people because of how much -- how great it is to work there? >> i think you're right. i hope you're right, and our very simple premise that happy

employees make for happy customers. every employee has part of their compensation tied to customer satisfaction as you know when you're happy when you go to work, you tend to do your best work, and this past year we were number four on the great place to work institute, best places to work in the u.s., that definitely helps us recruit the best and keep them at workday. >> i spoke to president john broadman of bucknell, my wife's on the board there who is very proud to be able to have a representative speaking at one of your conferences. i always find that that, too, is a great sign, president broadman was saying what's great about it is he can prepare his budget better to fund-raise, prepare his budget better for school you guys have quite a business with universities? >> we do, and in the case of bucknell what's really neat is they were a workday hr and finance customer they were also an adaptive planning business planning customer, and so as the two companies came together, they happened to be happy customers for both, and we could do some

unique things since they effectively run all of the workday products, and in terms of where we go next with higher ed, we're continuing to build out a student system that automates the higher ed backbone for all higher ed institutions. >> one last question, the gloom is palpable here every day we come in, people talk about china people talking about politics. there are some secular trends that transcend that i'd like to think, and one of those is what you're doing human capital management and what you're doing in budgeting and finance i don't want too polly annaish but these are great secular trends, aren't they? >> they absolutely are they are so powerful at this point. the combination of cloud and the business process changes are now dubbed human resources transformation and finance transformation, taking new technology and redoing the way you do business to reflect the more modern opportunities that are out there, whether it's machine learning, whether it's agili agility, all those things are

available. and i think they're very -- they're very strong secular trends that will continue. who knows what will happen with the broader economy. so far we haven't seen any bumps along the way, but as you know, we don't have a lot of exposure to china, but i think the secular trends remain -- will remain intact for many years to come. >> i want to thank you for coming on the show thank you for explaining us the new world. it's really valuable to have you. >> thank you. >> it's always good to see you thank you. >> one of the things that's happened over and over again, neil bush comes on the show, stock goes down for some reason and then take a look at what happens a few weeks later. hope that's your opportunity stick with cramer.

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and everyone i've ever loved away from me. everything. i blew my ankle out and i got prescribed pain pills by my doctor. if making my detox public is gonna help somebody i'm all for it. i just wish i would've had a warning. it is time it's time for the lightning round, and the lightning round is over. are you ready? i'm going to start with brian in colorado brian. >> caller: hey, jim. what's your thoughts on alibaba?

>> well, right now it's literally the only chinese stock that i'll recommend but now they're doing some big listing in hong kong kind of wrecking the whole trade story. you know, if this is a proxy for trade, let's just hold off for now. it is a good company, though how about we go to scott in kansas, scott. >> caller: booyah, jim >> i like him fired up >> what stock? >> it's kind of like -- people trying to parse it looking for some reason to sell. i see no reason. it's one of our cloud princes going to go higher i like the stock let's be careful why don't we go to richard in colorado richard. >> caller: hi, jim recently i was looking to diversify, and added the bsan to my portfolio it hasn't done much, what do you think about it >> it's terrific it does yield 6.5%, but fact it is more of a proxy in europe

europe is so darn weak it is ridiculous don't forget brexit. i want to recommend the stock hard but i can't until i find some level that europe is at least sceane and that's going t depend on deutsche bank and brexit let's go to randall. >> caller: booyah. my son and i are huge fans his first buy, his first stock recently was nike, nke should i join him? >> i like nike i read through that whole foot locker release food locker screwed up nike hasn't screwed up what happened is people hate the chart nike, and they're selling, selling, selling >> that is the conclusion of the lightning round. >> announcer: the lightning round is sponsored by td ameritrade historic trading mode. and you're still not sure if you want to make the trade? exactly. sounds like a case of analysis paralysis. is there a cure? td ameritrade's trade desk.

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the battle for the cash register is no different than the battle for the consumer's wallet at the end of the day everyone's fighting for a larger piece of the pie. global payments is merging to form a payment cola sus. it handles everything that happens after you pay a business with your credit card. these two companies have all sorts of payments technologies together the combined entity will own a much larger piece of the cash register than before. tsys, i love their hand-held credit card solution, it lets a server swipe your credit card at the table rather than forcing them to take to the register that's exactly what you want if

you own part of a restaurant like i do is people don't like it when the server disappears with your card on top of that, tsys makes it easy to look at how you're doing in realtime each day therefore, when you're open, it's hard to figure out what's going on if you do a small medium sized business company is able to have budgeting with these tools without it, well, they kind of don't know what's going on, and that's why the merger makes a ton of sense sometimes, though the fight isn't worth winning. we just learned today citigroup, this was on cnbc.com, gave up on the new apple credit card business they were in advanced talks with apple but let the business go to goldman sachs because they didn't think they could earn acceptable profit on this card citigroup is one of the greatest credit card issuers out there. behind the scenes i'm hearing that the demand for the apple card may be so great it could trigger a tsunami of orders one that no bank is set up to handle, too costly the upfront costs could be enormous of course they think it's worth

it, if you listen to goldman they're incredibly enthusiastic about the business we're thrilled to partner with apple and apple card goeltdman sacks to seeks to disrupt consumer finance by putting the customer first we're excited for customers to use apple card which is designed to help people take control of their financial lives. i think it's noble could be costly. we still don't know the exact launch date. i think that's kind of quizzical and the fact that citigroup shied away from the apple card, that makes me skeptical. goldman wants some exposure to the group that includes every single payment processor even if the upfront costs are enormous it might be worth the investment especially given how cheap the stock is right now what else, as soon as the global payments tsys deal was announced i heard people speculating it could be a square or paypal killer square's done a terrific job of simplifying the register with its card reader including point of sale technology which lets

businesses lend money against their own receipts as for paypal, this company is the real juggernaut, it a's global payments company. with paypal you're also getting braintree, commerce and venmo, peer to peer payments. it's i hate the millennials but i have to pay attention to them. if global payments the tie up is so bad for paypal why the heck was the stock one of the best performers in the s&p 500. simple, every time you see competitors teaming up to try to take share from paypal, it jest just reminds people how these guys are already the undisputed worldwide leader in payments, which is what makes this such a fabulous fin tech stock, one that's rarely don. when it does go down, you've got to buy the darn thing with both fists. buy buy buy. >> stick with cramer

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last minute mad is sponsored by webull, zero commission, zero compromise. you know what you need on a tough day like today i think you need a wasabi oreo not bad. you know what? what this says to me -- sorry. is that there -- whoa. there will be a trade deal it just may not be -- it's going to get worse before it gets better i'm jim cramer, see you tomorrow

>> 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." ♪ ank are entrepreneurs with an easier way to make fire. -ooh. -oh. fire. hello, sharks. i'm konel banner. and i'm frank weston, and we're from riverdale, utah, and our company is insta-fire. and we're seeking $300,000 for 10% of our company.