beat in raise in defense spending is one thing both parties can agree on. >> keith >> stealth rally in blackstone there, melissa before we get, milk duds are the most underrated candy. >> hold them up. >> right there. >> that does it 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. well cop come to cramerica. other people want to make friends. i'm trying to make you money hi my job is to educate, teach and put in context call me or tweet me @jimcramer, styles are always changing and stocks that deliver like clock

work and make you feel like a dope for parking in an index fund because they perform better than the s&p 500 on a fabulous day where the dow roared 177 points, still one more story about face-to-face trade talks in china you know what this reminds me of not the 2000s where stocks were blew up. not the past decade but we rallied steady not everyone the runup to the.com apocalypse in 1998 and '99. no aside from the sign that trade tensions may settle town today's move was reminiscing of the beginning of the great bull market, that's right, of the 1980s. the first huge bull market we had the same winners now as back then to a post industrial economy and big deal for merck

to surpass ford or gm in size. this morning we heard from a classic consumer goods company that struggled kimberly clark blew up the numbers. 5% growth. that's extraordinary and not the most impressive part what matters to me were the gains in the emerging markets. listen to what the ceo michael sue had to say on the conference call call in china sales were up double digits compared to a soft performance last year and diapers price was helped by reduced and targeted promotional spending let's translate this into language we know kimberly clark is spending less and making more. that's a recipe for printing money. it's not just china in the association of southeast asia nations, organic sales were up 10% to continue to strengthen vietnam. eastern europe, eastern europe, up 20%, about 20%.

driven by double digit growth and positive pricing, terrific products that means kimberly clark raised prices while kimberly clark stock gave upmost of the gains after positive news on the trade talks in china, i cannot over emphasize the trade in the development. when i worked for goldman sachs, we recommended the stocks because we knew the developing world was increasingly wealthy and middle class and wanted better diapers and toilet paper and tissues and thanks to relentless renovation, kimberly clark is back on top with the asian population worldwide, it's less about selling hug ge selling huggies and more about selling depends. kimberly clark put together multiple price increases to cover the rising raw cost. you know what? those price increases stuck but the costs are falling again thanks to lower commodity prices that translates into better

gross margins. higher sales, higher prices, lower input costs, incredible demand from emerging markets like we hopped into the way back machine to the 1980s i bet we get analysts to kimberly because the stock had reversal whenever you met a client that had kimberly clark, how about coca-cola. k.o. for the same exact reason you recommended kimberly it worked great for years but then it peaked in 1998 as stocks went out of style and money poured into tech coca-cola is back and big. ceo james quincy reignited the business this man is money. coca-cola had 6% organic growth in a lot of business it's a huge throw back to the 80s. the company is talking about gigantic secular growth in developing countries again they enare serepresent 80% of td population we thought coca-cola was

saturated overseas they open more than 750,000 new outlets in asia alone this year. believe it or not, a company like coke has become an invasion machine. a quarter of the sales come from new or reformulated products up 15%. the soda cans are working and same for the coke energy drink they had the highest growth in ten years. ten years. no wonder the stock rallied at 6% they have roughly 3% dividend yields and bought back huge quantities of stock that offer stock. might as well be 1985. this is back to the future part two. before you hop into the car, this is the same rotating market there is not enough money in equities to move the whole market at once the rally in these classic stocks come at the expense of high flyers like fang in the cloud king, witness the pull backs. that's a big difference from the

80s when kimberly clark, coca-co coca-cola, colgate, pfizer were the real growers and motorola and ibm took a backseat with growth awesome number this evening. i think there could be more money going the way of the coke's and kimberlys because this evening the justice department is investigating the giant tech companies like apple and amazon, facebook, see if they are stifling competition. this is a change of heart for competition which has been a starch defender, abilities to compete globally but they will have to face scrutiny that could stifle their own create yeivitcy this is a buying opportunity, why? because the wheels of justice grind so slowly. what does the reversion to the healthy consumer package good stocks today, what does it mean for the market does it mean for you first and foremost, you finally got some fall back stocks, some very good stocks to fall back on if this market stumbles.

as freight cost keep coming down and advertising becomes cheaper, the gross margins will continue to expand. normally i'd be worried about encroaching private label brands, but it just hasn't happened it's on all the conference calls. hasn't happened. consumers stand with the name brands, if the fed does cut short term interest rates, the stock wills have more competitive yields versus the cds that so many of you have been hiding in third, remember these are slowdown stocks. if we get a weaker economy as people say, they will make numbers and the sales will be more attractive. they are addicted to returning capital to the shareholders via dividends and buybacks if they put up fabulous results, they will have repurchase brands fantastic. any breakdown on the trade talks with china, don't forget these two companies do tons of business they are not the most obvious china plays that benefit from

progress here because it makes it less likely tariff or boycotted or banned. don't think it will happen but trade talks go well and you'll make money, too. finally, everyone though the stocks have run a great deal, coke more than kimberly, it has fought the increase the whole way. i do expect multiple upgrades from both these names even though they run tremendously of late this is really the first quarter with these consumer package goods companies have the wind at their backs raising prices but for the most part, that barely covered the increase in commodity prices the prices you pay at the store, uh-uh. they are not going down. boom, instant margin expansion their targeted adds spending alphabet or amazon lets them reach the right audience for less money so all falling into place. you can imagine if the dollar ever went down stop complaining stocks ran up

too far too fast and whether the fed will raise or not, i don't give a darn. the bottom line is that these consumer package good stocks haven't run that much versus the test they have incredible pricing power, vast untapped markets over seas and terrific dividends. if i'm right this is like the 1980s all over again, it means the likes of coca-cola and kimberly clark have a lot more room to run. i want to go to phil in new jersey, phil >> caller: boo-yah, dr. cramer. >> boo-yah. >> caller: back in june, amazon launched the beauty store for professionals but the announcement about the stock plummeted. i purchased aulta at 350 price. the earnings are around the corner is this a good stock to keep >> own it because they have the best loyalty program in the market it's absolutely fantastic. i would bet on mary dylan if the stock gets hit, buy more

the company knows how to handle even amazon, people, we're seeing a return to the 1980s growth today so stop complaining, and stop talking about the fed, and let's settle in to companies that are doing real good job winning in the supermarket, the grocery store. on "mad money" disney is powering more than the movie theater box office i'm sitting down with hazbaro and a snack attack on wall street which company could come out victorious because i'm focused on the 1980s group stocks and comparing hershey and one super star is teaming one chase to help young entrepreneurs jamie diamond is getting behind the guy. he told me himself stick with cramer. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter

have a question? tweet cramer #madtweets. send jim an email to madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com. moving is hard.

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if you had any doubts about the spectacular turn around at hazb zr hasbro, the last time they reported stock exploded higher as it was clear they put the inventory cost by the liquidation of toys r us behind them, this morning hasbro did it again. they delivered a magnificent 28% earnings beat. expected sales in the margin expansion, how did they do it? spent years investing in business and at times they were popular but paying off that have tons of franchise brands, marvel comics and star wars, anything disney is fantastic and nerf and play-dough magic the gathering is one to watch.

hasbro stock has more upside with the stock hitting a new all-time high today but don't take it from me. let's check in with the chairman, ceo of hasbro who knows about this awesome quarter. welcome back to "mad money". >> hi, jim, how are you doing? >> i want to start because we're changing in 2019 talking more about what it takes to be a successful business person you came on in the darkest moment where people said hasbro will never get out of this toys r us problem and you said have faith. how did you have faith and know it would work out great? >> well, we have a great team a tremendous team focused on garnering proprietary consumer insights and reinventing and reimaging our brands constantly. we could see we could grow our franchise brands and add new elements to our business and we've done that, if you look at our franchise brand growth in the quarter and we believe in our franchise brands like magic

the gathering that grew substantially in the quarter we've continued to reinvent that business and added magically gathering arena and focused on story telling around transformers and transformers up in the u.s. and year to date is up and we produced recent movie bumblebee and had the home entertainment window this year so from strength to strength, we're seeing play-dough grow and we believe in our brands we believe in our partner's brands we seen great contributions from marvel but it's a management team that's been together and focused on the north star which is creating the world's best play experiences constantly both reinventing our brands and investing for future growth. >> now you got a number of things you got october 4th. this sounds like a triple play come, triple friday. you got subscription video going your way and nerf fortnight. these will occur within the next

six months? >> yeah, they launched in the u.s. we've already seen nerf point of sale go up and be positive for the first time in a couple quarters but we're rolling fortnight out around the world and have new invasion coming for nerf in the lower price points with great invasion and a proprietary invasion at the end of the year. you're going to see that we have in the fourth quarter from the walt disney company an amazie i array of entertainment from "star wars" and will back a number of different initiative there is and of course, "frozen 2" coming october 4th is the merchandise date for both of those and for our brands in that third and fourth quarter, magically gathering and dug and dragons. we have table top and arena for the remainder of the year. our e sports business is getting traction our last event we were the

number two viewed product on twitch and so we're really seeing that momentum and engagement and our fans and gamers are loving that. >> you stepped up the buy back in the darkest moment. you got a lot of stock cheaply, didn't you >> we continued to buy back shares over time we bought back more than $2.5 billion worth of shares over time and we continue to do that. we've raised the dividend in 15 in the last 16 years with the support of our bored of directors. we believe in returning excess cash to our shareholders but first and foremost, we believe in investing in our business for the long term. >> well, i'm glad you brought that up because i know you believe in playing with purpose and that that has been able to get you some people who might have gone to another company or two if you did not play with purpose. talk about that. >> well, look, we really believe in a diverse work force. in fact, today in front of our

entire company, we added encollusie inclusion as a value of our company and passion and integrity and community we build as we build the world's best play experiences that is what this is about we want to attract and retain the best talent. it's a great competition for talent we're all over the world and in several very competitive markets from seattle, washington where wizards of the coast is and our studios in burbank, california and we want people to feel that they can make a difference our mission is to make the world a better place for children and their families and people really take that to heart. >> i'm glad you mentioned the world because the last time you were on, you were not happy with international. there was a very big swing in international this quarter, wasn't there >> yeah, there is. great pick up and momentum we're seeing in europe, clearly europe was the most problem trouble syst some area for us and we've seen the momentum coming back into europe we're not all the way there but seeing it rebuild and

profitability back and seeing growth in several markets and we believe with the new capabilities that we've on boarded in online and this new array of customers leading the charge in europe from amazon to smith's toys, you're seeing the traction in our business take hold we'll lunch fortnight. we're launching power rangers, which is the new ip we acquired into that market and around the world and see that as a full year 2020 tail wind for that company so we have a lot of great initiatives going into the european business. asia pacific grew and latin america grew a bit year to date but we see more for that market and region for the full year so again, we feel like we felt early in the year that we would return to profitable growth this year and we could return to that medium term growth trajectory from 2012 to 2017 prior to the toys are u situation.

>> some people doubted you would be able to shift you have so much in china and done things with 67% last year you were lowering that by year end 2020 how do you do that how do you change the supply chain? everyone says it's so hard to get out. >> well, you know, we have a tremendous team work income our far east operations and around the world in our supply chain and we've continued to look at new places to produce product. we do believe by the end of 2020 we can be down below 50% i should say 20% of our revenues in the u.s. do come from u.s. manufacturing, you know we do everything third party we've added india. we've added vietnam and step up but i'd also say, china will continue to be a great place to produce product, a safe place to produce high quality product for global markets but we will drive differently for the u.s. market to ensure that we can bring the best high quality product to the

market all around the world. >> k llook, congratulations. you stayed humble and lean and tough. that is brian. what a guy and what a stock. "mad money" is back after the break. your daily dashboard from fidelity. a visual snapshot of your investments. key portfolio events. all in one place. because when it's decision time... you need decision tech. only from fidelity.

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mutual fund. think of it like the movie hi"hg lander." if you only buy one best of read package food stock, which of the snacking kingpins should it be i recommend brands like that bi nibsco, chips ahoy and dentine and many other brands. it's been a big winner and last month we highlighted the transformation of hershey which has gone from a company focused on candy like chocolate to a more diversified stock thanks to a series of brilliant acquisitions stock has run so much i told you to wait for a pull back before doing any buying turns out i was too cautious again as hershey has tacked on another $9 since then practicalpac practically in a straight line as you know from the top of the

show the stocks are working. which of the two is the best snacking company and which is the best snacking stock that can be different these are both incredible well run. under the leadership of the ceo, they are a learn, mean money making machine we talk to them in may he told a very compelling story. >> they are snacking because it's a lifestyle change consumers are more on the grow, more out of home, millennials particularly don't really want to sit down and have a big meal. they want to fuel themselves and they eat seven times a day snacking is really growing as a habit and also the market is growing as a consequence. >> i can be a millennial every now and then in other words, the snack food -- why does my wife like that so much s i don't like the almonds eating actual heels and they have been leaning into the shift in consumer taste. meanwhile, the company has a

huge international business where they are good at tailoring individual products to what people like in each particular market if you go to italy and stop in italy, it is just mountains of it they have cabins for many months, we've been hearing that they were trying to buy a baked goods brand from campbells soup, last month they walked away. i'm glad they did. it shows discipline. he's not going to over pay two weeks later the company bought a majority stake? perfect snacks, a major player in refrigerated nutrition bars perfect. this is tiny but the category is growing. i love the staff have it in the refrigerator and it's cold thoughtful how about hershey? under the leadership of the ceo michelle buck which is completely under the radar screen, this caught fire she took over in 2017. she's diversified away from candy. namely skinny pop, i love this

stuff. okay these deals breathe new life into companies with stagnant growth rate and cut cost and got aggressive but hershey's is concentrated they have a green field overseas like i said, they both got great stories. how do they stock up against each other quantitatively, which is what i want to teach you. let's go to an apples to apples basis to do this at home we care about revenue growth that's why these two stocks have outperformed the rest of the package food space they got great growth. last year they delivered 2.4 organic revenue growth that accelerated 3.7 the last quarter going for the .1% net revenue growth and never picking up to more like 3% in 2020 and 2021. may not sound like much compared to the turbo charged growth and you're getting coca-cola but good, consistent numbers people like that hershey delivered just .3% organic growth although that

accelerated to 1.9%. wall street is looking for .2% growth internally generated growth and when you look at total sales, hershey wins we look at the numbers on a constant basis, adjust for torn exchange, you need to know mondaleze is getting crushed hershey gets 84% of the sales from the good old united states as long as the dollar stays strong, hershey wins on growth however, we see a major pull back in the green back which we sure have and it's the strongest ever today will give a gigantic boost. how about margins? they have left both companies have been very good about controlling cost in the last few years hershey delivered substantial more margin improvement. look at the gross margin what they make after the cost of goods sold or in the operating margin, percentage of sales left

before paying interest or taxes, boom, here we go in terms of earnings, they have had pretty similar profiles historically however this year hershey's pulled ahead they posted 13% earnings growth versus 5%. for the full year the analysts are looking for 7% growth versus 3% numbers are expected to accelerate to 7% in 2021 and 2020 and hershey's may slow to 6% this is another one i have to give the end to hershey since this is really important and give the analyst that hated the stock switching to buy the main competitor is a private company called mars and they put through a 9% price increase on single-serve chocolates. that means hershey can keep raising prices, too. they have pricing power. mdlz has power with really good brant, cheocolate is hershey's core business. i like it.

how about overall quality of the recent acquisitions? last year mondaleze snapped up the bake shop and guys, you can keep ending us this, they send them to us all the time. i love it. this was formally known as kathleen's cookies hershey's picked up skinny pop, okay and pirates. who wins i have to give the edge to hershey. don't get me wrong, i love, love, love tates plus. i had more importantly a wicked crush on kathleen herself. but hershey's recent acquisition have allowed themself to diversefy and they made cookies, right? come on. although it's sack religious really to even include tates in the same category. by the way, completely lly lovf you want to know the truth

hersheys is a superior company not by wide margin but analysts are one by one got to go buy, buy, buy, from sell to buy what about the stocks? they have more dividends not as good as two stocks i talked about at the top. very different evaluations mondaleze sells for 20 times and hershey's 24 times mondaleze is more than average which is strange given the superior operator. hershey's is great but much closer to getting the high valuation it deserves and both reporting soon i think mondaleze has a better setup. hershey caught a series of upgrades i mentioned is analyst catching up and stock rallied more than 25%. when we hear from them on thursday, i suspect it will be hard for the stock to rally. mondaleze reports in a week and up less than 8% since the last quarter. i'm liking this one. so who is the new king of snacking

bottom line is that hershey is the better company that's already baked in when it comes to their stock given how much hershey stock has run, i feel much more confident andcomfortable buying the stoc of mondaleze but if hershey sells off later this week, you got to be ready to pounce. let's go to sandy in kansas, sandy? >> caller: hey, big boo-yah from kansas thanks for taking my call. >> right back at you. >> caller: with the recent changes on canape growth and the ceo, are you still optimistic about that >> i am. the whole group is under pressure canape is number one gw pharma is the one people want because that's the one the fea is blessing and not cutting a break to canape. wow. all right. sometimes it just doesn't come together hershey is looking for a snack right now. it sells off you got to be absolutely ready to pounce on this one, okay

much more "mad money" the man, the myth the shark he's using his eye to spot the market's next hot trend so come on in, the water may be fun. looking for a guru in the market, might be time to think again and rapid fire in tonight's edition of the lightning round so stick stay w cramer 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. but you're not mad, because you have e*trade, whose tech helps you understand the risk and reward potential on an options trade it's a paste. it's not liquid or a gel.

and even explore what-if scenarios. where's gate 87? don't get mad. get e*trade and start trading today. - my degree from snhu has helped me tremendously. (gentle music) the flexible class schedules allow me to go to work full-time, run my catering business and be a mom and parent. when i reached this accomplishment, it was like, it's here, it's happening, it's now. we, at southern new hampshire university, are the ones who succeed. we are the ones who break through.

if you leave your tv on after our show ends every night, i highly recommend it, you've probably seen your fair share of "shark tank. it's helped small businesses in america and this summer the entrepreneur, fashion designer and best selling author, you may know as the people shark is taking his advice on the root with chase for business. we get a series of conferences across the country doing this and giving advice to you, to the people well, we got to hear more about this so let's have the man himself speak about it mr. john, welcome back to "mad money". >> all right thank you. look, i'm home

feels like i'm home. >> you're a joy to have one. one of the things you talk about, i think people don't get, the success to business and i'm sure you're saying this with chase, you're the hardest working person in show biz. >> i try to be i try to out hustle everybody else because someone is waking up trying to eat your lunch tomorrow. >> that's something you teach. is that part of your message for chase for business >> i think so. i started working for chase a long time ago and realized the brands i like to work with invest in people and fund people and educate people and today's brands, they educate you and when you are smarter at the water cooler monday morning because something you learn from that brand, that's when a brand is successful when somebody talks about the brand that's no longer around at the moment. that's what they do. >> you're the brand. that's one of the things you teach us. >> yeah, you're personally the brand, absolutely. one of the reasons i work with them is when i was starting out, i didn't know what a banker did and who my banker was, right i think that as old establishment such as chase and a lot of banks, they are

changing the way things are done they are going out to meet the people and have a chase business truck. they are having consumer trade shows where people coming and seeing like-minded people and finding out what is about finance? do i need money now? kind of structure should i have? that's important because i was too intimidateed to walk to the bank when i didn't have money and ask questions. >> if we follow you on instagram and read your books, we get an idea on instagram you had a great note and talked about how basically don't quit your day job. >> no. >> you want to do something great on shopify, don't quit your day job and you speak from experience. >> yeah, i worked at red lobster for five years while i was starting fubu and rented my house to a bunch of people and worked 20 hours a day. some on red lobster, some on fubu and after five years of $30,000 a year in red lobster, i still made $150,000 and had my medical covered and taking home

all the shrimp and eating them i would have to do $2 million in fubu to come away with the same amount of money and i didn't do that i found the problems in the business and kept my day job. >> you didn't do too many sko scooners they put you down quickly. one of the things we've been talking about behind the scenes is the notion of empowerment chase wants to empower you, so does shopify tell people, that's something people can keep a day job and get started on their own business. >> i don't like to invest on any stock ifs they went away they wouldn't disrupt my life and the way i look at shopify is today with retails suffering and everybody has a dream of being an entrepreneur you can put up a store immediately. shopify shows you how to process information and connect me with people and i advised them and some brands have gone to sell for $200 million after we

hopefully helped them a little bit. it's all about empowerment you can open a store today from your cell phone and don't quit your day job open a shopify account. >> how long should you go? if something should kick in six months, how about if you really love it? >> something should click in six months you won't start feeling the rhythm of the business until three, four years and won't see major success until six or seven years. most of the brands we know and have seen, they are overnight success six or seven years you get out of rhythm and get kicked down in your teeth and come back and move from this platform to another platform and that's what i'm seeing about six or seven years until you see real success but the first two or three years you get into the rhythm that's why the irs lets you write it off as a hobby. >> let me ask you about one if it's in your wheelhouse to tell me if it's right or not. i had dinner with the guy that runs beyond me ten years. ten years before it clicked. >> yeah. >> did he do the right thing not just the stock but is it

something that's for real? >> i think it's for real. >> you do? >> yeah. >> first of all, i love it. >> do you? >> i do eat the product and i did not get onto the stock i'll be very honest. >> a lot of athletes got in. >> again, that's ten years trying to get his groove and now look at him, he's the unicorn of the industry now. >> he is there is a guy that's the ceo of estee lauder and remarkable. he makes a couple days a month his employees, his executives work for their assistance. >> nice. >> don't you think that's brilliant. >> my entire staff started as interns and much smarter than me a lot of the people in power are 40 to 60 and manufacturers and distributors but the people communicating are 10 to 30 right? if you start to realize how

these kids how consumers come and what do they want to know about their brands and how are they purchasing it once you get to know that, you add the fundamentals of what you know become a new platform. newspaper companies thought they were ocho nla newspaper companya of a media company and created another platform they can't sell papers anymore but could have sold content and media. >> that's fantastic. we can't have you leave. we love "shark tank. give us insight on a company working. give us a good feel. >> my best company is bomba socks came on doing $800,000 a year and now they are doing $100 million a year they stay focused on socks for four to five years and now have t-shirts and every time you buy a sock, they give one to the homeless or person of need and have given away almost 20 million pairs of socks so people feel good about buying them and want to talk about them when they buy them. >> impact per share. that's what we're talking about. purpose. >> that's right. >> purpose matters

you're a hard core businessman but not afraid of purpose is key. >> purpose is it. >> you are the best. all right. that's the people's shark, damon john that does so much he does more for charity than anyone who is watching the show and has helped more people start their businesses and empowered them thank you so much. great to see you stay with cramer. >> thank you

it is time, it is time for the lightning round. buy, buy, buy, sell, sell, sell. and then the lightning round is over are you ready ski daddy? time for the lightning round brian in michigan, brian >> caller: boo-yah, jim. >> boo-yah brian. >> caller: i made a 60% return so far i don't want to be a pig and get slaughtered. what's your wisdom >> you're not going to be a pig. you're going to own e bay and doing better this is not just selling ebay. joe in florida, joe?

>> caller: jim, first time caller, how are you? >> good to have you on the show, joe, what's up >> caller: jim, i'm really excited about clo excited about cloudera. >> it could bounce because it's so low but they are in a no-fly zone for me. i need to go to ashwin in california. >> caller: how is it going >> not bad, you? >> caller: thanks for all your insights i had a question on cdms. >> i like the quarter. the stock sold down four i don't know, i'm mad because it's one of the most up stocks from the s&p 2,000 to 3,000. i like the quarter the design business is a good business ethan in louisiana. >> caller: good old fashioned boo-yah. >> let's go. >> caller: i wanted to hear what you think about the gene editing

stock. >> i like it it's gene sequencing that's a very good speck you have to understand it is a good speck dennis in michigan, dennis >> caller: jim, how is it going? >> good, how about you >> things are good thank you, thank you for taking my call. >> sure. >> caller: i'm at 39 and pfizer thoughts >> everyone should have a pfizer in their portfolio let's go to mike in florida, mike >> caller: hey, jim, this stock will not stop going down what is your call on moderna i've been wrong. i've been dead wrong but i won't back away. i like then, i like now. i can't help it. i think the company makes a lot of sense j.t. in missouri, j.t. >> caller: hey, jimbo, how are

you doing? >> my wife is working tonight. i'll go to the restaurant and say hello and have fun. >> caller: first-time caller shoutout to my brother harry. >> harry, how are you doing? okay >> caller: anyway, tandem diabetes. >> that's been stalled that's all for -- and that, ladies and gentlemen, is the conclusion of the lightning round. >> announcer: the lightning round is sponsored by t.d. ameritrade ♪♪ ♪♪ ♪♪

whenever some big time big hedge fund warns you, let's say long term trends, i am urging you to be very skeptical let me give you an example on january 22nd at the world economic forum, the legendary founder of bridge water associates, with a sensational track record came out and made terrifying statements. he said the wealth cap is far too wide, true will likely lead to a form of politics that will hurt stock prices he argued much higher tax rates are coming at the democrats win big and pointed out they are calling for a 70% top marginal tax rate although only on the richest of the rich. the greatest scheme of things, he's mostly right about the

particulars but was there really good reason to sell stocks in 2019 i think it was good reason to soul search but came out as a good reason to sell. item two, we're late in the economic cycle and could be very close to a recession the earnings tonight and this week and last week, not indicating that. three, he argued central banks can't really cut interest rates because they have eased. he said this could be the caldron that defines 2019. they sound kosher. scary stuff. do they want to get rid of the stocks they own? i'm not being facetious. on january 22nd when he said these things with negative tidbits sprinkled in, he put the fear of god in you and made you feel like a fool for owning stocks as it turns out, though, that would have been a great time not to sell but to buy when you look at the flag ship

fund at bridge water, its performance in the first half was reportedly down 4.9% down. that's fine for him. he's one of the richest men in the world. he will not miss it. how about you? big picture reasons to be afraid the economy was destined to slow down and central banks like the fed would be powerless to stop it those arguments are either wrong or irrelevant when made. even if you are worried about what might happen in 2020 and election that's not a reason to sell stocks in 2019, sure we might get president elizabeth warren or bernie sanders but joe biden is on record telling donors nothing would change. if you own stocks, that's the message you want to hear how about the recession? we're in an earnings season and there is slowing year over year and that's true, not that majo and many companies are beating the estimates, most are. for central banks, he was dead wrong about us jay powell

changed his mind and boost both the economy and stock market when he spoke to squawk box, the benchmark was 2.75%. now it's above 2 the competition for the market dropped off dramatically he didn't expect that. look, i don't mean to pick on his work and this man but his priorities of this guy with $18 billion is not yours i'm simply saying often these gurus are full of sound and furry signifying nothing or at least nothing to do with the stock market and portfolio but it caught and amplified it which scared people. he was wrong if you're a billion mare and worried about a populace backla backlash, i don't care, go guy go -- buy gold we need to believe in the sweeping statements. the worst thing about listening to gurus, for all you know he changed his mind and has no obligation to share strategy get your head into what they are

saying, take them seriously but acting on their advice is a sucker's game. so the next time you hear a hedge fund warning you away from the stock market, remember these guys are still human and get it wrong all the time if you want to manage your own money, you can't borrow someone else's you need to think for yourself otherwise, frankly, you might as well just stick your money in an index fund and forget about it stick with cramer. your joints... or your digestion... so why wouldn't you take something for the most important part of you... your brain. with an ingredient originally discovered in jellyfish, prevagen has been shown in clinical trials to improve short-term memory. prevagen. healthier brain. better life.

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