not look well i would not be a buyer. >> tyler, unbelievable you are back tomorrow. >> no, ip thi think scott is he >> oh, my god. well, scott is good too. eastman chemical, emn. >> devalui my mission is simple, to make you money i'm here to level the playing field for investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm trying to save you money my job is not to entertain, but to teach, put it in context. call me 1-800-743-cnbc tweet me at jim cramer the last couple weeks have been way too binary for this guy. >> moo >> either of these going great >> house of pleasure

>> or everything is falling apart. >> the house of pain >> the value, of course, is somewhere in the middle. today we took a step in the right direction. the market was, yes, mixed dow only gaining 100 points, s&p add 2.5%, nasdaq declining .9% some stocks went up, others went down rather than the whole market marching in unison out the window however, most of the stocks that rallied were what i call slow down stocks, the ones that do well in recession. the foods, drugs, turbo charge, secular growth stories that can transcend the growth cycle which are very few that's a start but it's hard to outrun the bond bears, aren't they aren't they hard people who look at plummeting treasury yields and decide eat economy is obviously headed off a cliff. oh, they blame the trade war with china or the fed reserves unwillingness to signal they'll take action to prevent a's serious slow down. who can blame them i lost assurance from fed chief j. powell that he's willing to do something about it, that he wants to bust it

i would love that. so would you we would all welcome it. if he could give us conjecture to explain why trerk risk arial rallying in the same levels. but if powell won't do it, i will let me give you a hilarious tutorial about currencies and bonds. if you can believe there is anything fun by either of those things so you can understand why money is flying here how easy it is to fire from overseas, because it's gotten such a snap. all right. let's go back, to me with hair with my old hedge fund let's go back to august of 1991. all right. at that point i was searching for some good ideas. i heard about an opportunity to buy dutch bonds, the netherlands, which were offering much better rates than you could get in the united states very similar to what's happening the other way now, right much better rates in the united states to buy these dutch bonds i had to buy some of their old currency called the gilder i had to clear that trade. then i could actually go into the market and buy the bonds

themselves through a broker. what could go wrong in what could go wrong i'd own the currency then i'd own the bonds, not the currency and pick up nice yields better than i would get from u.s. treasuries make that cash, get a little extra. sounded good to me the trader i went to said it would take awhile to buy those gil derz, $20 million worth and move it to bonds i was trading out of mize country house in bucks county. my dad was coming in and we were going out for a bite to eat, so the trade had to be done in lick ety split. you can't go out and buy $20 million worth of gilders give me a shot here. pop said we should go to burger king i agree, back then i had a more cavalier attitude to physical fitness to put it diplomatically we debated fries versus mcdonald's we considered the cleanliness. pretty good experience frankly at least i thought when we got back to the house, i called the trader expecting a report on my $20 million worth

of dutch bonds turns out i didn't have it my way. not at all turns out while we were woofing down those all beef patties, there was a coup in the soviet union. l lunch, coup. hard line seize it had, it was plummeting, it was diving. they were getting crushed. >> sell, sell, sell. >> the gilder. >> the house of pain >> down more than 2% that's huge for a currency just like that. remember, the time it took to get a burger not only that, bonds shot up, it happened so quickly that that moron trader hadn't even been able to buy the bonds. i was stuck with the gilder. that special order cost me $400,000 it was supposed to be risk free. supposed to be a gimme instead it crushed me. i learned my lesson. don't go buying foreign currencies in foreign bonds because you can lose your shirt. that special order really upset me it ended up failing, soviet union collapsed. i took the loss. so what the heck does that have

to do with what's going on right now? well, listen up. these days if you lived overseas and you wanted to do that trade, you know what, you buy u.s. dollars and u.s. treasuries because that's what's giving you that better yield. of course unlike back then you can do it almost instantaneously as pushing a button. it's easier. that's what's happening right now. the investors in the rest of the world are doing the easy way, swapping out of the d-debased euro and have it their way in our market tens of billions of euros, rubles, yen, whatever. they're being translated into dollars and buying anything for that yield for me it's a gimme. it's a gimme because why would you own government bonds in a weak currency with negative interest rates when you can buy our own government bonds in a strong currency positive interest rate? it's almost too easy to buy our bonds. fabulous bargain for them. even right here tomorrow will be a barn began they'll be a bargain monday, tuesday, wednesday until they get to zero. then it won't be a bargain

when it plummets like this it's not a sign from overseas fear of going into a recession we've heard that before. president trump is arguing we have an amazingly strong economy. employment is still robust simultaneously he wants the fed to cut rates we have an economy that's not strong enough. obviously the president has an aversion to admitting to anything might be be wrong with the economy even if that would help his case with the fed the consumer would have to cover some of these tariffs. clarity. which is it, a boom or bust? you know what, i think that's an entirely false dichotomy the truth is we're muddling along. the overseas markets are definitely weakening we know that because chuck robbins c.e.o. of cisco told us this morning they saw cracks in the economy. but walmart the biggest retailer in america told us that business is strong and the consumer is very healthy >> house of pleasure >> trump stock >> the problem is the review, macy's told a woeful story, truly disspiriting i think walmart is the better

tell a huge versus macy's every day seems to be a new scare. today a financial researcher working at the b.s. of a short seller no less took on general electric's accounting. claiming that ge's headed for bankruptcy this is the same man who also correctly spotted bernie madoff was a fraud before his hedge fund blew up he has gravitas. he says ge lied about the exposure to the hard to value long-term care contracts c.e.o. larry just bought a ton of stocks. healy disagreed, but the stock got hammered anyway. anyone with an ounce of credibility claims an american committed fraud, that's going to frighten people. the stock was down the mostly in 11 years, single day i have frequently criticized ge for the way they accounted for long-term care policies. i'm confident they are taking aggressive steps to be more transparent and reserve enough money to cover the cost. however, as i have told ge management many times and told

you, with long-term care policies, you can never reserve too much which is why the criticism resonated, it always will that's why the stock went down 11%. he is accusing the guy of market manipulation can you blame him? can you blame him? unfortunately this issue isn't going to go away any time soon the false dichotomy isn't either which is why stocks that do well in recession are rallying. kimberly clark is up 25 straight points techs and ipd strilz are getting hit, too much exposure to the global economy bottom line, as long as they keep plummeting investors will remain unsure of themselves. today they found stocks to buy along with bonds it's just they're the wrong stocks, the recession stocks, not the kind of leaders we want to get behind. zack in florida, zack. >> caller: how are you doing tonight? >> i saw another 250,000 shares of ge today. what's going on is this >> caller: i want to give a shout ought to my brother.

we all love and watch your show. >> thank you, the bros >> caller: yeah, man my question is for caterpillar >> yeah. >> caller: the stock is down from a 52-week high of 159 do you agrees that it is under valued >> yes, i do, but you know what, i got egg all over my naacp on that i got like, you know, holland days sauce on my face. i bought it for the charitable trust. i play with an open hand and brag about the winners if i could hit myself over the head with a hammer because of kalt pillar i would. the stock is cheap, but i think it's going lower i never sit down cat made me sit down let's talk to dustin in virginia dusty. >> caller: hi, jim, booyah, thank you for taking my call >> no brob >> caller: bst technology, they beat projections last quarter but lowered future guidance. is this a buy or sell, hold? >> don't you buy that stock. don't you dare

that was one of the worst quarters i've seen i don't even -- i don't know, management wants to come on and explain it, in the end i'd say that's a horrible quarter. why don't we go swimming in the love canal and pick up dxc, okay am i clear that was a bad quarter i don't mean any insult. they're all really nice. brad in tennessee. brad >> caller: hey, jim, how are you doing? good afternoon >> i'm doing good. i'm doing good i was actually doing well, my mother would say what's up? >> caller: this is true. hey, quick question. i'm 56 looking to diversify my stock portfolio and hopefully retire in nine years >> okeydokey >> caller: i own baxter stock and i'm looking to liquidate that stock and purchase till ray. >> what, you're going to sell baxter to buy till ray >> caller: i don't know. that's what i was considering. >> no, you're not. you're not going to do that. no you're going to buy second rate cannabis stock and sell a first

rate medical stock not in my house. come on. hey, chief, listen, we like quality. if you're going to sell baxter you can buy some merck but till ray hey, let's buy some till ray surely in times of uncertainty, but today the market took a step in the right direction i like those callers i try not to be too glib after a rough few days, better to opine on the health of the overall economy. the c.e.o. joins me tonight, do not miss the c.e.o. of waste management no trash talk, though. when someone is talking about a potential recession, where to put your money if the whole thing goes curfooey. searching for positive stories, you name this, and this, i'm eyeing till ray. just kidding i'm a amm health care. so stay with cramer. >> announcer: don't miss a second of "mad money." follow at jim cramer on twitter.

have a question? tweet cramer, #mad tweets. 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. devices are like doorways

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and people inside from accidentally visiting sites that aren't secure. and if someone trys we'll let you know. xfi advanced security. if it's connected, it's protected. call, click, or visit a store today. in a volatile market, is one man's trash a stock market treasure >> the angst about how plummeting long term interest rates, yield curve immediate we're headed for a recession

at the end of the day -- talk about a top-down perspective the macro data, not doing the homework you know me i prefer bottoms up approach listening to great companies that might know something and compiling a mosaic to get a sense of how we're really doing, and few companies can give you a better read on the economy than the best of the best in its industry, waste management it's the largest waste disposal company in north america you know what creates lots of garbage? commerce, construction guess what, waste management stock is up 30% for the year the company just reported a strong quarter a few weeks ago which is not something you'd expect if we're bound to a's recession. do not take it for me. take it from jim fish, c.e.o. and president of waste management mr. fish, welcome back to "mad money. >> thanks, jim >> how are you have a seat. good to see you. i read this, i followed your company for 35 years 7% organic revenue growth in collection disposal business that is extraordinary. how are you doing it >> well, i mean, look, you just

said it. the economy, you know, there's all kinds of discussion today, yesterday of course, and our business still seems to be humming along. it's a good indicator of the economy overall because we service every single segment of the economy. but, yeah, i mean revenue growth has been a real surprising, you know, positive for us. >> the top line is terrific. now, there was a discussion on your call about there were lagging indicators if you do 7 maybe what's coming next is bad. but then you refuted that by saying, we're not leading or lagging. we're just in business >> there are pieces of our business that are leading. >> that is important >> there are cycles, but there are pieces that are leading indicators commercial business which is a proxy for business is strong obviously construction demolition, you see cranes everywhere and that is reflected in i think 13% year over year increase in commercial or cmd. our special waste business, the

event component of that is companies tend to hold off when they see a recession coming and they did not hold off. >> they didnot, that's important. there was one part of your conference call that i had never thought of, but because of -- i think it's climate change, but whatever, there are more disasters than i've seen sadly, that is actually an important business for you >> well, it is it's hard to predict obviously >> right >> but we were up partially because of the fires, which were tragic i was up in paradise and looked at it. if w it was absolutely terrible we helped clean that up. last year was the hurricanes in houston, harvey and florida. every year there seems to be something, you're right. it seems like there's more of these than there used to be. >> right >> we have so many locations around north america we tend to be able to help wherever we are. >> a lot of people just picture you as landfills and trucks. but you are using technology in a remarkable way to help the bottom line. i think it's exciting stuff.

>> we're spending 100 million this year on technology, upgrading our customer facing technology it's not a secret everybody wants to use a mobile device >> right >> to contact their companies that they do business with so we're really upgrading that our data and analytics, i spent time yesterday with some of our folks looking at data and analytics on how we evaluate our routes, how they're routed dynamically, how we can check and see how our drivers are doing. so we're really upgrading our technology across the board as well >> are there enough people to do that kind of data work for you it's hard. >> it's a competitive market for sure, but we're able to hire who we want to hire and that's a good sign. >> that is a good sign now, there are some terrific things you're putting out how you're uniquely positioned macro factors social trends, behavior shichlt i know we don't think of millennials and trash, but that's wrong you're ahead of the curve on this some think you're doing remarkable >> that's correct. look, we hear all the time that

millennials aren't crazy about driving trucks they're not crazy about operating heavy equipment. we have 2,500 heavy equipment operators. so we're working with caterpillar. we're doing a pilot up in denver, colorado, where we remotely operate heavy equipment. it's about a mile and a half away it has the poe tings tential ton the job. instead of having somebody operating on the face of the landfill they're sitting in front of tvs and operating it remotely >> but you wouldn't need that if it weren't for the fact that labor is in short supply versus the negatives who are saying we're around the corner from recession. >> i hear -- obviously the unemployment rate is whatever, 50 year low. but we're able to hire who we want to hire i can't speak to those companies that can't, but we're able to get our drivers, our heavy equipment operators, our customer service reps. we're able to hire who we want to hire. >> i always like to ask you because i think our country is not good at it are we getting better at

recycling? are there anyplaces that are cities that aren't rich enough to recycle where are we right now >> we're starting to take -- we're taking a real proactive approach to recycling. i will tell you recycle commodity prices are at 25-year lows but what we're doing is changing the model and we're putting a new plant in chicago it takes out those things that we want as opposed to today where it -- a conveyor belt goes by and you're pulling off the things you don't want. >> they're dumping baby carriages and diapers. >> there's a bunch of junk i'm not sure we're getting better at producers of recyclables and trash. but waste management is going to change the way we sort that material and i think it really improves the quality >> does that help in a situation where china used to be a big buyer and now i guess they disappeared, not coming back >> potentially though, you're right. we used to sell 30% of our stuff to them. now we sell 2. but it's because -- it has nothing to do with the trade

wars, by the way it has everything to do with the quality of the material. if we improve the quality of the material maybe they're a big customer again >> i never thought you could make these kinds of numbers knowing the recycle through china would drop off like that >> it does speak to the health of the rest of the business. >> that's true >> by the way is 90% of it >> they made that acquisition, you're doing everything right. that's why you're up 30% for the year you deserve to be. that's the president and c.e.o. of waste management. we're featuring companies that you want, domestic companies with great organic growth. that's what you need and also of course really savvy management able to do and execute in a tough environment. "mad money" is back after the break.

i keep telling you that we're reading too much into this darn inverted yield curve.

when long term rates drop, it usually means the bond market is feeling apprehensive about the future and yesterday's ten year, two-year inversion is why we view it as a harbinger of recession. i don't want to be glib. an inverted yield kwuv is a bad omen i just think you need a professional to interpret the omen the owe machinmen, kind of like movie. the bond market is behaving this way because investors want someplace safe to hide their assets in anticipation of a serious economic slow down that's true but it's not the whole story. the slow down is mostly happening overseas and the worried investors are mostly from abroad. they're pouring into u.s. treasuries because the interest rate is much higher than theirs. while nobody wants a worldwide slow down, there are vast swaths of our economy that can do just fine in that situation but for the moment, okay, let's say i'm wrong. and the bond market doom sayers are right. let's say the u.s. economy is about to hit the wall.

where the place to save your money? some stocks go higher as we saw with staples which ones slow and steady defensive stocks that rallied this very morning, even into the chaos. stocks of companies that don't need a healthy economy to beat the earnings estimates stocks you can confidently buy on the way down. if the bears are right, these names are ultimately going higher, not lower as they did in the spring of 2000 which was a terrible market. take consumer package foods. think food, think beverage, health care. and i've got a new one, one i need you to think about. tonight i want to introduce you to a relatively recent spin-off in the health care space that's begging to be bought because it's very much fits this bill that i'm talking about you will know it for some of you it's a household name who have bad eyes like me i'm talking about alcon, alc the eye care business that used to belong to novartis, another great company. if any of you wear contact lens us -- take mine out -- it's hard to do when you do it in front of

a mirror they make everything from contact solutions to treatment for glaucoma, cataracts, retinal disease, dry eye and even eye-related surgical equipment all told, eye care is a $24 billion market and it's growing by leaps and bounds. boomers. yet regardless of what's happening in the broader economy, the eye care business is strong. this is a sector of the growth story with several different drivers. first and most important you have the aging population. over the next 30 years, the number of people over the age of 60 is expected to tumble the older you get the more likely you are to have vision problems more and more people are becoming nearsighted because they spent all day staring at their phones and tablets and computer screens -- not me -- well, okay, maybe only when i'm awake. third, if you want the best eye care, you need to pay for it you're not going to buy contact lenses if you don't have disposable income. over the next ten to 15 years, something like 1.5 billion people will join the global middle class

that's 1.5 billion people who can afford contact lens. fourth, companies like alcon keep innovating coming up with better solutions for eye problems which creates new demand on its own. put it together you have the long term theme that will keep working even in a major slow down when it comes to eye care devices, alcon is number one in surgical space, just behind jnj. when you want to select a stock, you want guys who are at the top of the game. there's a lot to like here why did novartis spin-off alcon as an independent company in april? simple novartis c.e.o. who we had on the show and i think is dine matt, i should call him dr. vas, wants to turn his business into a pure play prescription company. he's smart if you haven't seen the interview, go to the archives. he's been selling off anything with over the counter exposure buying smaller companies to bulk out the drug pipeline which is extraordinary. alcon may be a high quality

enterprise but it doesn't fit with the vision. it has too much exposure to medical devices and over the counter devices. things i love, but vas has different plans. as i pointed out many times, this is why break ups can be so lucrative. alcon didn't fit in with novartis which is a fabulous company in its own right it can devote itself to becoming the best independent eye care company it can be. investing in growth, cutting unnecessary expenses, and making stock a more attractive investment by being laser focus. let's talk about the financials. when alcon gave the first quarter trading update in may, they posted solid numbers. even if the absolute numbers were flat because of -- i can't say, guess what, 4-x change, head winds, basically gave wall street what they expected although the stock pulled back a bit on the news. alyon reports again in a week so it is worth picking up right here i have to say yes, in the terrifying tape. look, you can wait to see the quarter so pull the trigger.

let me tell you how i see it the analysts who cover alcon repeatedly stressed the stock is expensive and held up well in a difficult environment which you expect it's 59 bucks, down 5 bucks from earlier in the year. selling for 28 times next year's earnings, 24 times 20, 21 earnings that's a premium to other players in the eye care space. jnj sells for 14 times the extra numbers. jnj is not a clear player. thanks to lawsuits, the other big eye care plays like bausch and lomb, i don't think it's a comparison that should be bought alcon may be pricey. it deserves the premium valuation. management is forecasting single digit sales accelerating they believe they can get their operating margin, percentage of sales they keep before paying

interest and taxes, up substantially 17 to 18% toe the low 20s, 20, 23. that's why we love the spin-off stories. they can become leaner, meaner money making machines. some of which they plan to turn to shareholders buy backs. i recommend putting on a small position before the quarter tomorrow morning here's the bottom line if i turnout to bewrong, you want to own alyon, slow and steady from novartis this is the kind of stock that can go higher even in a slow down, maybe especially in a slow down which is why shares are up this month even when the major averages are just getting pummelled. david in ohio. david. >> caller: yes, booyah to you. this is a first-time caller. >> booyah, david . >> caller: i had a question on rite aid with walgreens closing 200 stores and new c.e.o. and some other implements doctor's offices.

>> you need the solvent player in the industry, that would be cvs. i know walgreens is big, but i like cvs i own for the charitable trust i don't want you to trade-in rite aid let's go to nick in texas. nick >> caller: jim, big texas booyah to ya. >> we like to have at least one texan per show >> caller: thank you for all your help. >> you're welcome. >> caller: taking shares at $16, i told 30 at 66. i kept 20. it's down about 24, 25% off its highs. i thought last time you spoke of it, you were still bullish on it >> yeah. yeah, i am i think it's good. okay, look, it's a little speculative, but it's been a good stock congratulations. look, you've done right. you've taken your invested capital off the table. you're playing with the house's money. you can't beat that even in this miserable tape listen, do of i do not think

we're headed for a recession alcon is not a bad place for your money it's been a rough month, but i'm focusing on one positive story you may have missed. don't miss my sit-down with a company that that should be better known can you talk yourself out of a recession? i don't think so but i'll tell you who can coming right up in all your calls rapid fire in tonight's edition of the lightning round. so stay with cramer. - stand up if you are first generation college student. (crowd cheering) stand up if you're a mother. if you are actively deployed, a veteran, or you're in a military family, please stand. the world in which we live equally distributes talent, but it doesn't equally distribute opportunity, and paths are not always the same. - i'm so proud of you dad.

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- ( phone ringing ) - get details on this state program call or visit if you're genuinely worried we could be headed into a recession, i can't blame you domestically oriented companies, noncyclical industries are in good shape because they just reported great quarters. look at cramer fade mma health care which is a managed service provider that helps hospitals with staffing and work force solutions. they can focus on treating you, treating patients. that's exactly the kind of business i want to own in the slow down. it's been a long-time win i ear. the stock did get hit in february when management gave extremely conservative guidance. the stock has been getting

screwed back they reported a fabulous quarter, 8% earnings beat. higher than expected revenue, bullish forecast stock exploded higher on the news which it should have. it's been barely been dinged during the meltdown. could this have more up side let's take a look with an old friend of the show, president and c.e.o. of amm health care services, bet a better sense of how the company is doing welcome back to "mad money." good to see you. thank you so much for coming in. well, it's funny, you know, you gave that conservative guidance and that did spook people, but the reality is your business is pretty much on fire. >> well, we've seen a tremendous increase in demand, in particular over the last couple of quarters. it's not surprising. we have really strong macro trends driving our business. you know, the aging population is in full swing >> right >> and that hits clinicians as well so we have a very tight labor market and it's difficult for our clients to find the talent that they need, but that's where we come in we can really use our expertise, marketing technologies, and in

th market it's even tough for us, but we can find the great talent they're looking for. >> what are the technologies >> we use a lot of marketing technologies over the web, and we've gone digital and have mobile apps and capabilities na we can reach out into the daily lives of our clinicians and make it really easy for them to interface with us. another example is a great acquisition we made right after i saw you in january >> right >> wonderful cloud-based credentialling company that makes it very easy for physicians in this case to keep their credentials in one place, and then very easily share it with organizations that they want to work for so it's a real win/win for the physician, but then also certainly for health care organizations. credentialling is a huge pain point, something that quite honestly needs to be innovated and we're bringing it to the market >> explain it to me. is it trying to make sure you have the right person or fraud >> well, it is making sure that the individual that you're hiring, whether it be on a

contingent basis or permanent has the right credentials. so we do that in our own business in fact, we're quite well known that it's one of the things that sets amn apart we know our clients deal with this on a daily basis so we want to bring, again, innovative solutions and things that are going to help them streamline, even the everyday things they need to deliver great care >> you basically eliminated a whole slew of things they were doing that may not be as good as you are. >> we can certainly make sure that it's going to be faster, more streamline, and more accurate so hopefully those technologies will be things that will help them do what they do best, and that is patient care >> there is a great debate going on in this country right now it's kind of i call it a false dichotomy. there are people who think the economy is booming and there are people who think that we're about to go into recession when i listen to you, i think it's not only booming but there is strong demand for labor still. it's not like there is a big labor pool and everyone is saying, eh, i don't need those

people it's op skit >> you're absolutely right we have strong demand across all our businesses in nursing allied we mentioned on the call the demand is up 20% year over year it's the highest it's been in some of our businesses in many, many years and then even in our other work force solutions areas like interim leadership and physician perm placement, our technology businesses, we're seeing great demand but what we're seeing more than anything is that our clients really want to work with a total work force solution partner, like amn and we've really made a pretty tremendous transformation over the last decade from moving from a transactional relationship -- >> right, right. >> -- to much more of a strategic relationship with our clients. >> i remember it was kind of like a help service. you're no longer a help service. but you are also an honest broker i've known you a long time i know how important corporate governance is for you. a very fine company, ge, is under attack because of some

missed judgments the company made among other things for long-term care projections now, i know you don't do long-term care, it's a terrible business for anybody other than for the patient it's hard to estimate, right it's hard to estimate how long a live-in person will be staying with you it's hard to estimate the actuarial tables you have the baby boomers that took this. isn't this a little more gray than black and white companies trying to identify what the exposure is to long-term care? >> i don't know that i can comment on their specific situation, but -- >> just in general -- >> absolutely, that's where i think you have to have the right partners internally you have to have the right culture and you have to make sure that whatever you're estimating and whatever you're sharing, you do it in a transparent way. it's something we take very seriously at amn i can tell you all the way from the board to all of our 3500 corporate employees, and even our almost 20,000 clinicians working out in the field, we want to know that we're doing the right thing each and every

day. so we have a very open and transparent culture in that way. >> okay. last thing is what is the total adjustable market now? to me baby boomers retiring, demographics we were talking about, this market is much larger than we realized and you've got a lot of runway >> we do, we do. and we continue to expand into new markets, which expand our addressable market so if you think of just health care staffing, it's almost a $20 billion market but we've moved into many other areas such as some of these technology solutions i just mentioned. we also recently made a great acquisition in the clinical school staffing space, the advance medical team joined us in june and i am so excited because it really helps us address a very critical part of the market, helping our children at a time when they need us most and so that business is doing some really interesting things to innovate in the school space, both in terms of delivering behavioral health services, physical therapy, but also innovating through telehealth to be sure we can get to those

children in the most remote places so i'd say our addressable market has expanded dramatically, doubled -- >> since the time i've known you -- i want to emphasize in terms of corporate governance, she is amazing and a great teacher of it. and i know we care about that these days as much as we care about the earnings that's susan, president and c.e.o. of amn health care services this is a growth industry. it has nothing to do with anything happening in washington or in china. it just has to do with an industry that is growing like mad, and they're capitalizing on it "mad money" is back after the break.

it is time it's time for the lightning round. rapid fire calls >> buy, buy, buy >> sell, sell, sell >> and then the lightning round is over. are you ready, ski daddy the lightning round, mike from new jersey mike, mike, mike >> caller: jim, first time, thank you for all you do >> no problem. >> caller: i'm in the house of pain do i double down check, take my chips and go home with 10

national gaming? >> ten national gaming, i like it here. i don't want you to leave it i like the domestic game you don't have the hong kong problem. i say stick with it. don't double down. let's go to jim in florida jim. >> caller: hey, jim, how are you doing? >> pretty good, thank you, how are you? >> caller: i'm doing all right my question for you is regarding the merger with cvs. what's the difference between class a and class b shares of viacom >> nothing, they're both going down, it's driving me crazy. the charitable trust owns via. i think you should buy it. the merger is terrific bob backus has to come on "mad money" and explain why this is great and i think, therefore, people will understand why my charitable trust owns it right now i feel like i'm all alone out here with the exception of -- let's go to aaron in alabama. aaron! >> caller: hi, mr. cramer, thank you for calling my call. roll tide. >> roll tide, love that.

>> caller: i had a quick question about berkshire hathaway it's down 8.4% since five months is now a good time to buy -- >> yes, the answer is yes, unqualifiable yes. great value there and great man at the top period end of story. i need to go right now to r.j. in california r.j. >> caller: booyah, jimmy they know nothing, they know nothing. i have a 5g play -- >> they know nothing >> caller: my entire hia position to tsm, taiwan semiconductor. >> well, you're taking kind of a risk there i do like the company, but i got to tell you, marvel, mrvl i own for the charitable trust, i will see your taiwan semi and raise you with marvel because rick hill is the chairman and rick hill -- >> hallelujah. >> midas is what they call him i need to go to grant in texas grant. >> caller: cramer, thanks for taking my call >> my pleasure >> caller: i wanted to ask you about yeti

it hit 20% after all time highs in july. is it an opportunity to buy or stay on the side lines >> i like yeti very much i'm surprised it came back down again. it had resistance in the 30s we liked it from the teens we like it still it's a great brand name. it is -- my wife went to a school with a guy who went to trinity. let's go to victor in new york victor >> caller: booyah, jim >> caller: >> i love those, what's going on >> caller: i absolutely love the show thank you for what you do. >> okay. >> caller: i recently took a position in a stock that had a big pull back this week. despite earnings being good, it went be from 47 down to 24 i got in around 28 what are your thoughts on green dot, gdot? >> that was not that good a quarter. unless you know something that i don't, i mean, i think you're just -- it's a shot in the dark. they lowered guidance really badly. i'm going to have to take a pass

on that one. you're on your own and that, ladies and gentlemen, is the conclusion of the lightning round! >> announcer: the lightning round is sponsored by td ameritrade >> "mad money" is not a show about picking stocks for you it's a show about empowering you to think for yourself. >> this is bill from new york. jim, thank you so much >> this is curtis from north carolina i wanted to say thank you for creating "mad money. >> baba ba booyah. >> the wizard of wall street >> this is stockton from philly and i wanted to give a good booyah >> you are the reason why we do this ♪♪ ♪♪ ♪♪

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can you talk yourself into a recession, just talk yourself into it? unfortunately the answer is yes. see, an economy runs on confidence business needs confidence so they can take risks. and this endless chatter about a potential recession can erode that very confidence when i say the only thing we have to fear is fear itself -- thank you, f.d.r. -- that does not mean we have nothing to worry about. l so far i've resisted the recession talk on the show because when you look at employment growth, consumer spending, demand for money, walmart, they've been incredibly positive there's been no let up at all in hiring the shortage of workers in this country remains a bigger issue than unemployment right now and that's highly unusual.

you heard that both from jim fish of waste management and susan of amn health care services this very show but in the last two weeks we've seen a serious erosion of that confidence i've been telling you an outright recession is unlukely, but a slow down possibility. with $40 trillion bond market behaving like a small cap stock experiencing a short squeeze, we need to take that possibility serious. i've been getting criticized particularly on at which timer for being too cautious and changing my mind on a dime when the facts change, i change my mind. it's the bond market that changed on a dime, and that is -- that's crazy it's not supposed to happen, people we went from a relatively normal bond market where long term interest rates were longer than short term, long rate shot through short term like a machete. i used to trade it because it was so out of sync in the stock market the market takes the que from

the bond market now it's starting to confirm what bonds are saying after yesterday's decline, the odds of recession increased dramatically the winners were the staples that have done well. it would be nuts to say i was positive, frankly that i would like to be in that scenario. however, i can and will continue to be constructive because i don't hear that on other shows at other places and other papers i like to be constructive. put it another way, i'm not being inundated with questions from regular people wherever i go, whatever i do. it's not the question is not will there be a recession, but when is it going to start. i can't positively dismiss the possibility. one of the paramount clues inverted yield curve screams it's going to happen soon. some people say a year, some people say 18 months day by day confidence is eroding, eroded by a fed that tightened too quickly and

remains unwilling to own that error. even if you believe it's an unnecessary evil as i do, the democrats running for president is not exactly friendly too big business and they might win. right now we are talking our way into a recession for certain can we talk our way out of one we can't, but the federal reserve can. fed chief j. powell could come out today, next week, wherever, and says he hears what the bond market is saying and he'll give us as many rate cuts as we need to get back on track the president could de-escalate the trade war pleas, make it less visible in a back room. and stop bashing the fed for heaven sake. if bond yields keep plummeting, we'll scare ourselves out of the bull expansion as long as the fed ensures a soft landing, something i genuinely believe is still possible, but might not be for long stick with cramer. (soft music)

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my dog had a great flub tonight. that's right, nvidia up side surprise i think it's the first of many and i think that people are going to have to take a swig i like to say there's always a bull market somewhere. i promise to find you for you here on "mad money." i am jim cramer, and i will 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." ♪ to connect students and teachers. hello, sharks. my name is taylor robinson, and i'm from dallas, texas. i'm the proud owner of taylor robinson music, and we're here today to raise $100,000 in exchange for 10% equity in our company.