tv Mad Money CNBC June 4, 2019 6:00pm-7:00pm EDT
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today the s&p owns that volatility so you can stay long stocks. >> adami >> you and i will go to the jonas brothers show this summer. >> all right >> you've got to love the jonas brothers. >> exxonmobil traded down to the december low >> tomorrow night i'll be back "mad money" is coming up with jim kramer and marc benioff. there is always a bull market somewhere. i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome into "mad money. welcome to cramerica trying to make you money my job is not just to education but to teach put it in context. call me at 800-743-cnbc or tweet me at jim cramer today was a text book example of why you should always bock stocks when the market gets
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clobbered. when it gets oversold. dow jumping 510 points and s&p surging and nasdaq 2.65% best day in five months. it is why i told you last night that the moment of greatest exaggerating selling, the epicenter is the moment you need to -- you know i say nobody ever made a dime panicking. for the past two days we've seen analyst panic in the colossal deluge of fear must be run to, not run from so what happens to spur's phenomenal rebound with the best daily performance since january? it is simple people got too negative. there were catalysts but people couldn't pouroduce an amazing me if they hadn't capitulated and
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there was a mass of people fed chief jay powell said he's monitoring the trade wars closely and if he sees economic fallout he's willing to take action, quote, to sustain the expansion, end quote but if things get bad enough powell said he will give us a rate cut suddenly everyone who is shorting stocks has a major reason to cover. second catalyst. chinese minister indicated they could take a soft on the upcoming trade talks and that is a thin reed but if you operate under the assumption that china may never budge and it is impossible and it is an improvement. i'm skeptical. but if we do make progress on trade, the averages will go higher and stocks like apple could catapult through currently unthinkable levels and the sellers, well, let's just say -- third and finally the mexican foreign minister assured the media they're working with the
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white house to prevent the new tariff's fromming go into effect in six days and said there is an 80% chance they could work out a deal given the mexico tariff is for the illegal immigration and he wants them to pay for the wall ort wall equivalent. wall street hates that the president isusing tariffs to strong arm our alley -- our allies into doing their bid. but the mexican industry is on fire they produce 5.4 million cars and probably 5 million next year and most of which come to america. so that 5% tariff gradually rising to 25 percent over time is a very big deal that means the mexican government has a major incentive to give trump what he wants and this is excellent news for the stock market put it altogether and you have the ingredients for a fabulous run like the 500-point dow move like today this morning the president
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talked about how he wants every nation in nato to pay its fair share meaning he wants them to spend 2% of gdp on defense in theory that is what they are supposed to do but in practice they rarely do germany spends 1% of their gdp i think it feels different i think he's looking to slap tariffs on german cars why not try it in germany but the stock market doesn't want another front in the trade war so you have to trade carefully in case he thinks, well, hold it, market is up 500, maybe that is what did it it is not just the white house frankly. we don't know if we could trust these guys, jay powell, he could monitor the situation. but we have no idea how bad things need to get before he thinks it is appropriate to start cutting rates. this guy just tightened in december, wrongly. his comments today were a reminder that good things could still happen but bullish comments about a possible rate cut, they should never be confused with a rate
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cut itself my other big fear this market has a ridiculously short memory. yesterday washington declared war on facebook and apple and in the tech sector that is not great for the companies of which i think is coupled to make money for people but today the whole group rebounded and it could continue tomorrow. why? because salesforce reported a great set of numbers tonight and people said what happened to your cloud king and -- salesforce is and when we interview ceo marc benioff and why it is hard to give up on tech and so many people in tvond print and web say got to get out of it. as for apple, justice is coming for them because if you want to download software through the app store where apple could take a 30% cut. but for now say if the trade talks for the chinese don't
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restart expect apple to get hit with a 10% tariff on goods made in china the investigation tells you the white house considers apple fair game doesn't matter that half of the iphones will send more business to samsung, big win for that korean company and too many people in this country benefit from apple the white house believe that's apple should bring jobs back from china even as those jobs were never here to begin with pretty silly if you ask me but believe me, they ain't asking even with all of the worries, there were tremendous positives. the banks rallied because they benefited from a robust economy to the rate cut talk gave them a boost and analysts with coverage with uber with multiple buy recommendations and the stock is a few points away from where it became public. if it crosses the 45 and uber is not just a ride sharing company, it is an eco-system expanding delivery and logistics so could this market go any
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higher of course it can the president likes it when the dow jones goes up and even if he is willing to help nasdaq. and today's run was ran by nasdaq but the industrials as interest rates recovered we to talk about why it is good that rates go up, signaling the economy is in better shape and the stocks -- and the [ inaudible ] to move higher maybe given that the group is slowing but if you think the semis are approaching a bottom and trade talks with china that is successful, it makes sense. bottom line this weekend what i watch hit negative five and that is why i came out yesterday and said we're good to go. and sure enough it worked yet. that is the reason we could explode higher today on some chatter from foreign officials and the federal reserve that the market was a coiled spring so remember, good things could still happen but don't get overconfident because bad things could happen too. doug in nevada, doug.
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>> caller: jim, thanks for take my call. >> of course. >> caller: my stock is lvs with that very attractive dividend, jim, is there anything holding these big gamers back except maybe the situation in china. >> i just got the numbers out of nevada last week and they weren't so hot but i agree, i think lvs dividend is good and china we have a break in china and the stock goes much higher. >> like that call. to mike in georgia >> caller: reverend jim bob. booyah. >> like the old mark haines used to call me go ahead. >> caller: yes, sir. shout out to you and your terrific staff. >> what a staff. >> caller: i have a problem with cypress semis being taken over and do i buy, sell or hold. >> no, we're done. we're cha chinging there and we're not doing anything wrong like the other guys. we're making a ton of money and
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what a great call by him i sure hope people bought. reasons to rally sure there are positives they can't be ignored. don't get complacent because we're a tweet away from undoing this stuff on "mad money," i'm sitting down with the co-ceo of salesforce. and what tariffs have impact on chipolte and sitting done with the ceo of emergent biosolution and drugs used for illnesses stay with cramer >> announcer: don't miss a second of "mad money." follow at jim cramer on twitter. have a question, tweet camer, #madtweets send jim an email to
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madmoney@cnbc.com. or give us a call at 800-743-cnbc miss something, head to cnbc.com there's just one thing hurting us millennials more than student loans: credit card debt. but with a personal loan from sofi, you can consolidate your credit card debt into one monthly payment. get your money right with sofi.
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this group is in a funk with salesforce down but tonight reported a super strong quarter the company earned 66 cents per share and higher than expected 24% year-over-year and the management raised the forecast for the top and bottom line. in short it was a darn clean beat and a raise so could the stock have more run. let's take a closer look with mark benioff from salesforce and get a better sense of the quarter. and mr. benioff, welcome back to "mad money." >> great to see you. thank you for having me back and hello from san francisco. >> marc, this was a terrific acceleration but not that you needed it and europe up 32, asia up 23, these were areas that we thought were moreib und, how are you doing this. >> every customer is going through transformation and when you see it happening, it is just incredible to watch.
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this is as big as y 2 k was for the tech industry. every company is going through it and every one of the major transformations is exactly that. it begins and ends with the customer. >> if that is the case, customer relationships, salesforce is number one 5.7% and 5.6% -- >> that is good. we're number one in crm when ch is the fastest growing part of enterprise software because every company and industry and government is recreating themselves with their customer so this is what is driving our growth pure and simple. >> what is the usda doing with salesforce >> oh, jim, the federal government was one of the most exciting things that happened in the quarter. and it wasn't just the usda but the department of education and the department of interior many departments actually. and they're going through a huge digital transformation in the federal government and
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salesforce could offer many agencies the rapid successful digital transformation that they need we even had a 10,000 person event in washington, d.c. during the quarter and that continues to be a fantastic growth area for us. >> but at same time you're not changing your advocacy and updated your policy to turn away customers with a wide range of firearms selling online and including a small number of existing clients you turned business down, didn't you? >> well, jim, look, i'm a life-long hunter and you know that and my fondest memories of my hundred were hunting here in the orange fields of visaliaia, california and i've been a life-long gun owner. so when our employees came to us and said we had customers to start selling bump stocks on our service on our commerce cloud which is also selling adidas shoes, i said well that is an
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ethics question and you know that last year we created a whole department called the office of ethical use so we gave that issue to them and said is this ethical and what are we going to do and they said, look, you could sell certain weapons on our cloud but you cannot sell bump stocks and other types of things that we viewed as extreme. so we made changes and unfortunately we had to make adverse decisions with aggressive customers. >> you have a lot of things going that people might say are not necessarily going to produce earnings per share a million americans of the jobs for today and tomorrow by signing the white house pledge to produce earnings per share later on not up front but it's going to work. >> jim, that is the most exciting thing i've seen happening in the salesforce eco-system you probably know that we have this broad eco-system that surrounded our company and while we're talking about incredible results here today, the numbers and i'm so happy with what i
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see, the one thing ma makes me more exciting is the work we're doing with reskilling them we get people under the surf is and we call it trail head. if you haven't been on trailhead.com you could learn all of the technical skills to be successful in this salesforce eco-system and our customers are just on there at an incredibly high rate we have more than a million users on that now. and 25%, jim, said that they changed jobs in the last year because of the skills that they got on trailhead.com and we even had an amazing event in indianapolis a couple of weeks ago, you probably know with this ivanka trump and signed that white house pledge for jobs because we're reskilling america and that is our job. we want to mike sure everybody can participate in the fourth industrial revolution. that is really exciting to me. and to see the success on the faces of the broad range of people who have had this
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capable, well that is just setting us up for a tremendous future. >> i don't want to lose sight of the healthy billowing but i did meet several people at dream force. one woman said i was a house wife and now i'm a boss of 35 people with something i started onmy kitchen table. >> yes sure. >> and that is not unusual >> or a factory worker or anybody who participated in jobs that don't exist any more, they could get on trailhead.com and reskill and this is proven and it is easy and it is free. and that is why we've had such great support. not just from the white house but from thousands of customers who are also now deploying this inside of their own companies and we have a product called my trailhead.com so you as a salesforce customer can set up your own internal reskilling system with your products. and that is -- build your own eco-system we want everyone to be a successful as we are. >> you have southwest air.
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a big customer win mr. kelly sensational. i try to bring him in every quarter but they had the boeing 737 max and how could i use salesforce if i'm gary kelly to keep my customers happy? >> that is all about employee experience they've pivoted our product to use it for employee experience and that is using our community and sur over is clo-- service cd to differ hr service or help desk and they have 60,000 employees using our services that is a surprise to see employee experience open up so broadly inside of our customer base, jim. but hrms is successful and companies like work day have been successful they're look for services to ride alongside those to help the employees become even more successful themselves. that is what southwest is doing. >> marc, you could help me, you were ivanka and who i've known for years and did a lot of great things to train people but i see
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what i regard as a war on tech the president simultaneously and facebook and when i know we both think there is issues there. but alphabet and don't feel them as politicized organization and apple in the middle of the developers conference for heavenheave heaven's saying. this to me seems ill advised and is this a way to get back on track or a one-off. >> i'll have to disagree with you on this point. we've talked about this on this show more than 18 months that i feel so strongly that we're at a point in our industry where enough is enough and we need to get the value straight with these tech companies. and there are some things going on in regards to the manipulation of consumers, the misuse of the data it is serious issues with privacy and those values need to change and some of the companies need to be held accountable for what is going on
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so i'm all in on this. i think it is maybe -- too little too late. they should be more aggressive we're following behind what the european union is doing. they are the ones who are the leading in this area not just in privacy with gdp but with the european action against these companies when they misuse data, misuse privacy or take advantage of customers there are things that happened in our industry that are embarrassing to me so let's clean it up and let's get back where facebook is not the new cigarettes that is what i've been saying to everybody. let's make it all great again, if you will. that is let's make tech have the values that we all want it to have and let's take care of our customers and put consumers first. >> so you're telling me that -- themselves. >> absolutely. i think absolutely, jim. and now is the time for them to basically clean it up. it is not too late it never is. and that is what has to happen
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you could see companies who have not made the changes, they are executives that walked out, they buy these huge companies and they walk out of them and those people are friends of mine and i say why are you leaving this company. i don't like the values. i don't like what is important to that ceo. >> okay. >> and that ceo said this to me and i'm leaving. wow! and then you saw the customers leave. you saw advertisers leave. that has to change, jim. so i think that there needs to be corrective action and needs to come from the government sand i'm for the regulations that are coming in here marc, i have one more question some customers have to be hurt by tariffs you have a robust quarter but i'm concerned the tariffs are hurting people. >> jim, i don't think we're at that point yet but we could be almost there and i'll tell you, i've been on the road nonstop this quarter in japan and europe and through the united states and last friday i was in minneapolis and i won't
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tell you what customers these are impacting but i could see it in the face of the ceos that they have anxiety around what is going on with trade. while it hasn't hurt the companies yet, it could. i hope the discussions come to an end now. >> that is important because the people i feel with feel exactly the same. marc benioff thank you so much. coming up, the guac is extra but this interview is free cramer crunches the numbers with chipolte cfo next.
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damage to the economy but don't forget about the new tariffs on the imports from mexico and in the environment, companies that source in mexico need to be evaluated on case by case basis. take chipolte, one of the hottest turn arounds even though it is treading water, people were hurt that the tariffs would hit them in the guac they said it would be minor and if the tariffs are personal innocen -- they might need to raise the cost by a nickel and if that even matters maybe there are other forces at work much more positive like delivery so given this company is in phenomenal shape and not in the blast of the trade war, let's talk to jack hartung and you usually see him on satellite to get a better sense of where his company is headed. welcome back to "mad money." good to see you. jack, i want to dispense with
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something very quickly in truth, guacamole, it is important to you but not going to impact you. >> this event is not going to impact us. we sell a lot of guacamole and we serve about 600,000 to 700,000 orders every day and they come in as whole and we dice the onions and the jalapenos so all made from scratch and every single day and we're committed to do it that way. this is going to have a minor impact you just mentioned it yourself we buy a number of items from mexico, but we spend about $1.6 billion a year on our ingredients. and this is an impact of about $15 million this year. a little bit -- >> that is all >> that is all this year. >> just like the african swine flu, another thing we shouldn't talk about. >> a manageable part of the business. >> let's talk about what is working. i'm in shock that you have such great digital work, so quickly, and this, the delivery, this travels better than any food on earth.
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it is amazing to me that it could be so natural and so organic and yet travel so well what is the secret >> well the secret is that is all made from whole fresh ingredients. we cook our chicken every single day and make the rice every day. the chips, we fry them every day so we start with greet ingredients and then real cooking. our burrito does travel well but we have other digital assets to make delivery important and so we have delivery order where the driver will come at noon and we're making it to be ready right at noon. >> but you always had that is that just luck of the draw? >> well it is now really coming. it is an asset we've had but paying off because the delivery is now in terms of demand, our customers want chipolte and as convenient as they could get it and delivery is a big deal. >> but the percentage of this, 15%. that is digital. up from 8% last year. >> it is double from last year >> how is that possible? everyone is struggling with
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digital. >> and chipolte is the kind of food people want to eat and delivery is convenience with chipolte so the better we execute in makes sure the burrito travels well and delicious and great partners with door dash and post maid and when they deliver, our customers hit the buput on and they order delivery again. >> can you handle the demand >> we can. because of the second make line. we're still off of our all-time highs in terms of volume so we still have capacity to get back to where we were before. we were at $2.5 million but now we're over $2 million but we have this other asset that we used to make about 4% and now it is 16% so we still have a lot of capacity to go. >> you had five consecutive quarters of accelerating -- not up but accelerating comps, 9.9% comps best of any restaurant that i follow and i follow every single restaurant. i think last year the story was can they come back
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this year it is the story of can you really top that? >> listen, i think that is the changing dynamic when we talk to our investors. three things driving, one is digital and marketing under chris brant and his team and they're connecting with customers. what i love about the marketing is most of it or really all of it is around what makes chipolte special and it is real whole ingredients and cooking and whey love about the latest commercials that we saw behind the foil, there is no script the idea is it is our crew with our food in our restaurants. no studio, no script and no actors so that is connecting and then the last piece is operations scott boat wright is doing a great job of hiring the right people and training them and it is working at the same time. >> how can you afford? chipolte is the best there is. how can you afford to get the right people, the labor market is so tight in this country. >> we've been fortunate. we could attract people because our crew or our customers like to become our crew because they
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like our ethos or what we stand for. the hard part is keeping them. so what we need to do to keep them within the first 90 days is make sure we train them and set them up for success because within 90 days it is hard if you work in a busy restaurant and if you are not trained, you might say i will go work down the street and it is an easier job and our job, and this is a key focus for scott and his team, to make sure that we invest in the first 90 days and set our folks up for success and when that happens they could stay and within a couple of years they could be a manager and earning great bucks. >> so you have that incentive but also a different ethos in terms of purpose it seems like there is no purpose to a lot of the other -- let's just put it like this, you have to make some money and you go to a fast food place. this seems very different. is that able to transcend the change in management from the top. >> yeah, totally and that is -- you know, jim, i've been with chipolte for a long time. >> you carry right through and always coming on the show in good times and bad and that matters to us. >> the beauty of this new team
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that has come in with brian and the team, every single person came in and knew about chipolte and they admired chipolte from the outside and as they came in and realized, oh, my god, chris bryant went to the back of the house and said it is like a farmer's market. he knew what we stood for and when he saw it it cams to live and that inspired the marketing campaign so the team is lit up about the purpose. every one of us want to preserve our ability to source these higher quality wholesome ingredients and keep real cooking in the restaurant because that is the way people want to eat nowadays. >> panera had loyalty people and very successful program. you have a good program. is it going to be a great one? will we see multiple millions of people. >> it will be a great one. just within the first several weeks at the time of our earnings call we had 3 million members. that was a matter of weeks it continues to grow and we have an update next month with our earnings call.
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the response is phenomenal the best part that we've heard about or that we've seen is that it is not just our most loyal customers, they're joining, but we're finding lapse and casual customers joining as well and they like the program. it is very easy and the rewards are fair so far it is off to a great start and we have high expectations. >> now i think rewards programs work i also think that price works. and you've managed to hold the line on price but still north and i was at wendy's yesterday and and i was at chipolte today and someone ate on my guac and i know the numbers that you have show me it is not just traffic, it is store and how much they're spending when they are in. is there a level where you're worried? >> we're well below that level what we've done, we're in the middle of doing a study right now and the study so far is showing us that we still have terrific value scores. people appreciate where our food comes from and that we're doing
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real cooking and when they compare us we're much cheaper. our goal is to never push that too far or to be affordable. and we think if people understand where our food comes from and that we're involved in real cooking and serve delicious meals and it is affordable, our customers will come back. >> i think they will one of the things i want to point out is that jack always did come on during the good and bad times. that is why we never lost hope and that is why you have a big gain and there is no reason to sell if anything there is a reason to buy. that is jack hartung, the cfo of chipolte "mad money" is back after the break. you should be mad at airports. excuse me, where is gate 87? you should be mad at non-seasoned travelers. and they took my toothpaste away. and you should be mad at people who take unnecessary risks. how dare you, he's my emotional support snake.
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what do we do with the biotech stocks the health care has been in the cross-hairs because democrats running for president are campaigning on medicare for all and the moderate candidates want to crack down on out of control drug prices. i think these are overblown and elizabeth warren is open to multiple health care and when you hear medicare for all and think medicare for more. take a look at some of the smaller biotech players like emergent biosolution the only fda approved anthrax
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vaccine and narcan nasal spray and it is what you give people when they overdose on opioids. yesterday they won a major contract with the department of health and human service for complications from the small box vaccine as part of a stockpile we never need. when the merger heard it is a tough year so interesting moment because last year they bought a debt pharma for the narcan business and they got approval for a generation version of the same thing could this stock do better let's talk to mr. cramer welcome to "mad money. good to see you. >> pleasure to meet you, jim. >> so let's go into. that is a gigantic contract about smallpox and i said inoculate, i could still see the vaccine. why do we need to spend $600 million on small pox but
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there are issues we need to be im -- immune against. >> smallpox is a threat that many countries including the united states is most concerned about from a weapon, so our country stockpiles both therapeutics as well as vaccines to protect our civilians and military populations from the threat of smallpox so the contract that you mentioned yesterday, that we announced was for the therapeutic piece of our smallpox franchise and we also have a smallpox vaccine that we're in contract negotiations with the u.s. government as well that we expect to complete in the coming months. >> and it is not just that terrible disease typhoid, cholera and you have to have special expertise. >> they are. so our company was formed in 1998 around public health threats in general so our focus is on protecting life and ensuring that these public health threats are dealt with effectively so we have partnered for more
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than 20 years with the u.s. government as well as foreign governments to come up with durable long-term solutions to prepare for and protect against these chemical and buy logic threats and travelers vaccine like typhoid and cholera and most resently the opioid crisis. >> let's talk about opioid, you have narcan and a schools program but you do have teva and it is known for ruining other people's margins you could still make money on market with narca there. >> we can. when we did the diligence on the nasal spray product last year we looked at 9 competition, the markets, both who were in there and as well as potential competition. we got comfortable with the patent protection of the product and most importantly, beyond that, we're focussed as a company on making sure that narcan nasal spray is made available and made affordable and accessible to the 34 million
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patients who cdc has determined are at risk of an opioid overdose. >> i know you've got this great program, each state department of education and school could prepare high schools and colleges and universities across the country for an opioid overdose emergency by stocking narcan, what a great idea. but are these schools doing anything -- once someone has been saved by narcan, are they recidivists or can you teach them or help them or really just kind of give them therapy they won't be in trouble again? >> that is part of the whole comprehensive solution to the opioid crisis. it is not just coming up with medical counter measures like narcan nasal spray but awareness and education to make sure that this recidivism doesn't happen again. >> because it really is just -- it is the nationwide epidemic. >> it is >> now i want to ask you about a couple of you are working on you have a seasonable flu in phase three and a lot of people
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who caught the flu took the shot is yours going to be more powerful. >> ours is a therapeutic, it is a flu ig product so not a vaccine it's for rescue therapy so when you present serious symptoms in the hospital and it is too late to immunize then you take our therapeutic. >> do we have to do it at the hospital what happens if we catch the flu you're at home. >> you take a pre-therapeutic or a vaccine. >> and how about [ inaudible ] i thought was wiped out. >> zika is a potential threat so we work across a number of pipeline products in development for many infectious diseases and chemical and biological threats so as you indicated we do work in the area of anthrax and smallpox and botulism and continue to look at travelers vaccines for typhoid and -- >> and you can make money on these. you're trying to do something with ebola and my concern is as
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public health do you have to give it away >> so we -- we don't have to give it away our approach is a little different from a typical pharmaceutical company we typically like to contract with customers for long-term procurement products so five to ten years in duration and when we come up with a fair and reasonable price for that ten-year period, it gives the customer the assurance of what they have to pay for the product and also gives us the capital to invest long-term in infrastructure and capability so we can be that durable, reliable partner to governments foreign and domestic to make sure that these counter measures are available. >> one last question, mr. cramer. >> feel scared you don't mean to scare me because i'm watching that chernobyl thing, but these are terrible illnesses and there are bad countries out there. is this something we should worry about? >> i think our country is doing everything they should to make sure we are prepared and to
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protect civilians and military populations from bad people doing bad things >> well, i feel better i know you're working on it hard i understand you could make some money too. so it is a good thing you're doing and maybe the shareholders could make some money too. >> i think they will and a lot of credit, jim, goes to our 1600 employees who wake up every day looking for an opportunity to make a difference. >> excellent thank you so much to robert cramer president and ceo of bettemerget biosolutions thank you so much. "mad money" is back after the break. ♪ corey is living with metastatic breast cancer, which is breast cancer that has spread to other parts of her body. she's also taking ibrance
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with an aromatase inhibitor, which is for postmenopausal women or for men with hr+ / her2- metastatic breast cancer as the first hormonal based therapy. ibrance plus letrozole was significantly more effective at delaying disease progression versus letrozole. patients taking ibrance can develop low white blood cell counts, which may cause serious infections that can lead to death. before taking ibrance, tell your doctor if you have fever, chills, or other signs of infection, liver or kidney problems, are pregnant, breastfeeding, or plan to become pregnant. common side effects include low red blood cell and low platelet counts, infections, tiredness, nausea, sore mouth, abnormalities in liver blood tests, diarrhea, hair thinning or loss, vomiting, rash, and loss of appetite. corey calls it her new normal because a lot has changed, but a lot hasn't. ask your doctor about ibrance. the #1 prescribed fda-approved oral combination treatment for hr+/her2- mbc.
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a little down time can lift you right up. ♪ flights, hotels, cars, activities, vacation rentals. expedia. everything you need to go. >> announcer: "the lightning round" is sponsored by td ameritrade it is time for the "the lightning round." buy, buy, sell, sell and then the "the lightning round," are you ready? the "the lightning round" to go to ben in georgia. ben? >> caller: hey, jim, my question is about amag pharmaceuticals. >> i know, it is way to speculative. there are great drug stocks down just go buy lilly. and brandon in south carolina.
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>> caller: booyah. what a difference a day makes. >> absolutely. you're very current. >> caller: yep well, jim, i had cash at the end of april and looking at some stocks which recently -- specifically benefit vol can. >> i would like to see one of our kings, service now or work day. and of course salesforce and to kenny in maryland >> caller: hi, jim kenny from maryland. i would like your long-term view on nio -- >> it is a total chinese speck and i know it is going to -- i believe it is going to stay in business it is at $3 but never forget sometimes stocks go down even from $3. to brandon in florida. >> caller: yes, sir. i was hoping to persuade you to share your thoughts on hep so. >> i don't recommend other than
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cronos dave in illinois. >> caller: dr. cramer. >> how are you been? >> caller: well i'm good como esta, amigo. >> i just got back from mexico so it means what is the stock. >> my stocks for today, rick santelli and i like the ami group. >> you're right. and it is a winner and ai should have gotten behind it when it was much low but never too late and to amy in new jersey >> caller: booyah, jim what is going on, man. >> that is a definitive one. what is going on with you? >> caller: i'm good. i'm trying to see what is going on with microsoft. >> here is what is going on with microsoft. buy buy. and people said what do you think? buy buy. and to allen in pennsylvania
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>> caller: springfield philadelphia eagles, booyah to you. >> that is a coalition i could get behind what is going on. >> caller: there you go. in this turbulent market, i need a relatively safe investment for my "mad money" and i want to get a buy, sell or hold or biopharma. >> that is at a 52-week high and why don't you buy bristol-myers because once that celgene deal gets together they'll do a great job. hillary in new jersey. >> caller: hi, jim quick question for you what is the opinion on adobe growth -- >> one of my cloud kings i think it is soars tomorrow off salesforce even though i think that salesforce and adobe are not that close with each other any more to mitch in north carolina mitch? >> caller: jim cramer, booyah. >> booyah, mitch. >> caller: what do you think about amd? >> lisa sue is delivering.
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they have the best [ inaudible ]. and that is "the lightning round.." >> announcer: "the lightning round" is sponsored by td ameritrade yeah, that too. i don't want any trade minimums. yeah, i totally agree, they don't have any of those. i want to know what i'm paying upfront. yes, absolutely. do you just say yes to everything? hm. well i say no to kale. mm. yeah, they say if you blanch it it's better, but that seems like a lot of work. no hidden fees. no platform fees. no trade minimums. and yes, it's all at one low price. td ameritrade. ♪
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facebook and they are going after faang. i wish they never created it and i have experience. more than 20 years ago when i was struggling to get the street off the ground and i had a meeting with folks online offering $2 million for the content and they were gracious and there was no way you could be big on the web without aol. and then bob pitman came to my office where i was trying to run the street out of my old hedge fund and he created m tv and now going to work that same magic at aol so he comes to me and presents a dazzling dack about how the street.com to cement the relationship with aol. i was ecstatic looking at page after page and then at the last page, instead of them paying us $2 million we had to pay them
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i was aghast he said i was free to take my business elsewhere but then there wasn't anywhere else to go but now the government said that is anti-competitive. and apple could take 30% cut and just like with aol, you're free to find another way to distribute your product but sometimes that is not a choice and why should apple be punished how about alphabet, parent company of google. here is a company with a lot of trouble working with partners because it wants to go into business against them. if they feel they could tilt the algo and you could find another search web but good luck and selling data to the highest bidder and facebook stock and sickening trade and sure zooun gives lower prices but they drive competitors out of business and in facebook you could go elsewhere to go instagram. oh, facebook owns instagram. as someone who wants the stock to go higher, i can't say i'm
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thrilled but someone on the other end of the dynamic when aol was calling the shots i get where the regulators are coming from and apple has exposeure to china. they could hit with tariffs over here and a boycott over there on top of anti-trust investigation. that is ridley punitive for the greatest company ever created. i do feel what justice in the ftc could do to the companies. i could have used that kind of enforcement when i started the street but i had to pay the piper. bob pitman at aol. regardless of how you feel, these stocks are less attractive than 48 hours ago. they are in the cross-hairs and even if they don't deserve to be and most don't, but one does and it is not a good place to be stick with cramer.
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plants capture co2. what if other kinds of plants captured it too? if these industrial plants had technology that captured carbon like trees we could help lower emissions. carbon capture is important technology - and experts agree. that's why we're working on ways to improve it. so plants... can be a little more... like plants. ♪ ♪ call j.g. wentworth ♪ (phone ringing) j.g. wentworth, how can i help you get cash? i want to pay off my debt and move into my own place. but i need cash now to do it. do you get regular payments from an insurance company? yes. in exchange for some or all of your future payments, we give you a lump sum of cash now. call now, and you'll also get $25 for receiving a quote.
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ever since work day reported a fabulous number the cloud kings have been going down and i've been railing that perhaps that is just wrong because the ceo of work day told a great story and so did marc benioff the co-ceo of salesforce and now the stocks have come down to the point that service now and adobe, without a doubt a salesforce -- time to buy. work day soon, too i think it works now what do we do with apple i don't know it seems punitive and ridiculous i think that apple will come out okay provided that we get a deal with china. facebook, that is a horse of a different color. you heard what marc benioff said about the bad actors and you know he's talking about facebook, don't you. because,ev, people ran out of there. i like to say there is always a bull market somewhere and promise to try to find it just for you right here on "mad money. i'm jim cramer and i will see you tomorrow
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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." ♪ he's hoping to whet the sharks' appetite with his idea. hello, sharks. my name is les cookson. my product is the carsik bib. i am seeking a $30,000 investment in exchange for 15% of my company. now just imagine for a minute, that you're driving
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