lvs. short the s&p. >> dan >> wow hey, listen disney had a nice bounce on off the 200 moving average. i think you. >> next friday more "options action." have a great weekend "mad money" starts right now my mission is simple, to make you money i'm here to level the playing field for all investors. there is 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" i'm just trying to make you some money. we put this whole thing in context, call me or tweet

me@jimcramer help the employment, not a recessionary number, fed on the side of the bulls, consistency in china what more could we want out of stocks no wonder we reversed yesterday's loss and put on quite a show ♪ hall helujah ♪ >> rally climbing .97% to record levels and nasdaq pulling 1.13%, also a record. we spent the whole summer hearing ex-pests warn that the economy is heading for a recession. and the stock market toward a cataclysm. i told you that was probably nonsense consumers have been very, very strong we have a weak industrial base so the fed needed to give it a boost and that's what happened this week. that why today's rebound from yesterday's suppressed levels makes perfect sense. all right. that's history

can the run continue i think it can let me tell what you could help. let's start with monday. on monday, you have heard me speak of him many times on the show, always-bankable ceo of adobe. he's holding what could be a semiabilityist meeting to said the crowd. they have been the biggest value in the market and their weakness started when when adobe reported a quarter that many viewed softer than expected i recognize not all of adobe's acquisitions panned out but i think i will clarify things and you know what we will discover they're doing better than exacted. if that happens, look out. this is a coiled spring. we also find out what's happening at underarm ir -- under armour this one worries me. they got a new ceo, patrick frisk. what vision does he have

i'm hoping to get more vision into why he's in charge and now frank, a friend of the show, i must say did they need a new strategy go to market plan? did kevin plank just get tired i don't know let's find out lyft got a bit of a lift i'm wondering if uber got to repair its losses by leveraging the ecosystem that includes uber freights, uber eats. though might be better than grubhub earlier this week. you know what, i think i'm going to talk about grubhub later in the show because of the promiscuous diner -- i have been at that diner exit 53 on the l.i.e. does the fed need to tap on the gas pedal again? let's see what forrest says tuesday. i think he's didn't a tresk job.

his stock nearly up 20% of the year that's pretty impressive for an industrial however, i'm betting he will describe an environment that's tough to triumph over, which again verifies what the fed did. the same morning we hear from peloton. i believe this can blow away the numbers. this year ipo end zone have been the weakest in recent memory pinterest got owe bliv rated when they said it didn't grow enough if he says something good, it could help the whole cohort. or the picture of my wife's telecom with the underarmor and -- her bra and -- i mean, the towels the towels happy birthday, lisa i didn't mean that at all. wednesday morning we hear from c.v., that's victoresque, and this is one of the cheapest stocks i follow, selling for over nine times investor

earnings that's absurd. let's see if the market agrees with me. when ceo larry merlot gives his take on the quarter. fast food group has been roiled since wendy's announced getting into the breakfast business. mcdonald's got slugged on the news after a good quarter that was liked by the community but i didn't think so bad. as for wendy's, we don't know enough about their plans or pricing. still, i like the stock since it was trading in the mid-single digits and my wife likes the double bacon, once again, happy birthday to lisa i bet this company is going to report good numbers and just as important, mcdonald's stock going down on this same darn competition story. and after close wednesday, we get results from qualcomm. they've been on a rampage since apple reported fabulous numbers this week and chinese rolled out 5g last night. some of my favs like covio,

skyworks and, yes, qualcomm are on rolls i expect to see perfect reports from qualcomm, both earnings and sale on the other hand, we also hear from square. let's spend some time on this. i worry, this is one i usually don't say but i worry i like the stock of square too much there are so many competitors in this famous space. i wonder if after the twitter debacle, isn't it time for jack dorsey, who lost at the ceo of square, to pick one company and stick with it? in the years since friar left, it's become a total dud. i think they would get et stock back if dorsey hands over the reins or committed to being ceo full time. one or the other, jack and the glue close monitors in time for diabetics is delivering numbers far more superior than

anyone thinking. today google but fitbit. james parker, congratulations. i think they should do the same thing with dexcom and wrap it up with fitbit. are you sick of hearing about the cost of these new entertainment services i hope not disney will report thursday. i want them to talk about theme park attractions and movies but everyone will be focused on streaming attractions. i'm focused on light sabres. we have to remember why these platforms are so important there's little growth without them and the loss in the cable business i have had disney for years. i will own this trust as long as iegers is the ceo. and the gaming industry is doing well but the one that matters is two-two interactive. i have to find out about nba 2k. has that gotten hurt because of

the trade war with china we will have to find out i will tell you if the stance in favor of the first amendment is playing any role in the sale of nba 2k on friday, on friday i'm actually worried why? we hear from magna we need to know because we can't tell from ford or gm what's really going on. let's listen to what magna has to say maybe they will tell us. talking about weak sales, rising tariffs. automakers don't know but magna will that's what we will find out next week is an important week, not as important as this week when it comes to earnings, but it will certainly take us to where we have to go, which is more record highs if everything works out. let's take questions i think we should go to andrew in alabama andrew >> caller: jim, how is your boo-yah day today? >> it's good, man. it's good. >> caller: i see u.s. steel was up quite a bit today

do you think the price -- >> no, no and also no! we will not own letter x if we have to own a steel company, new corps how about fade in illinois >> caller: hi, jam, big boo-yah. >> boo-yah back. >> caller: i was wondering about citigroup -- >> blank, blank, good man ceo, buyback stock, inexpensive one of the cheapest in the market and with news this week as the fed is tightening rates, i'm eyeing one sector that's been a key beneficiary in the move, homebuilders i will also find the group able to power high this year and still do something then after grubhub's later quarter should the company rename itself grub-flub! and it's a puppy that worked with the last company spotify and "the new york times.

you may not have heard of it i will reveal when i turn in my home work. so stay with record-breaking market and stay with cramer! ♪ hallelujah don't miss a second of "mad money. have a question, tweet kramer, #madtweets send jim an email or give us a call 800-743-cnbc. miss something head to "mad money".ycnbc.com

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all of those clips, we know especially over the last couple months, have been hot. today's job reports doesn't hurt but earlier before interest rates plumtsed, there was a lot of fear, there was a lot of confusion about exactly where housing was going. back into march we ran off and had this thing, it was a face-off analysts against analysts, pitting the bulls with the bears against each other on the home building stocks. after tallying up the evidence, i told you to believe the bulls

because ivy zelman, ceo of zellman and associates and best housing analyst on wall street, was making arguments i think are too compelling to ignore it turns out that she completely nailed it. ♪ hallelujah so now that the homebuilders sorted the stratosphere, it's time to figure out victory and where this group might be headed next first, i need you to figure out the context of zelman's incredible call. after the rally in 2017, homebuilders piqued in 2018 and then they spent nearly all of last year working in their way lower thanks to rising costs, especially lumber but also labor, and an interest rate hikes from the fed that were ill-advised. but as the stock market rolled over in the fourth quarter, the sector finally bought them

and then powell realized the error of his way and took a dovish tone, which turned everything around. the homebuilders paused in the beginning of march and that's when we took a closer look at the industry what are we making of the stocks now? we're focusing on very bullish research from zelman and associates and much more barrish view from jpmorgan zelman's argument, she pointed out the sbe homebuilders got low enough to be beatable. that was the upside of the surprise and channel checks revealed positive momentum, great order activity through early march basically the bar had been lowered, things improving and estimates can be beaten and, yes, it would mean the analysts would have to raise their forecasts, which is exactly what you need -- >> all aboard! >> i told you to believe zelman because she's the ax of the homebuilders that's a term of art on wall

street, the one you should really listen to at the time she was making major contrarian call. the great thing about being contrarian, is when you're right, you tend to be very, very right. since we checked in on her research in market, s&p homers etf was up more than 20% and homebuilders felt much more than that. you have to believe the ax because the reality of the situation is even more bullish for homebuilders than anybody anyone expected, except maybe zelman first, long-year treasuries collapsed, 7.2% is insanely loan by historical standards. around this time last year it was 10.25% borrowing has gotten much cheaper. can you get a 30-year mortgage for 3.6% that makes a home much less expensive. on top of that, feds gave us the third rate cut this year enjust did this wednesday, which what

we need to build more life in the economy. plus there's a wealth feegt. higher stock market which we have after these records it means people have more money to spend on big-ticket items like houses. the dow, the s&p and nasdaq are all up more than 20% for the year and that is a major wealth halo for this economy and we don't talk about it enough because you would think well, how can people be so flush if wages are not going up well, they have 401(k)s, i.r.a.s, own stocks. and we also started picking up refinancing activity, cyrus inflection actual home sales, something the bears just didn't see. meanwhile, the slowdown in the global economy has been fabulous for domestic homebuilders because it put really downward pressure on commodity costs. building a house is a lot cheaper than it was a year ago, steel, aluminum, lumber, all cheaper. put it all together and you have a recipe for spectacular run for

the homebuilders since the end of july, d.r. horton up 15%, kb holmes, up 30%, poulting group jumped 27%, taylor morrissey gained 11%, homebuilders up 13, tripoint group rallied more than 15%. however, most of these gains are from august and september. in october, the stocks, let's say they stalled or deaccelerated a bit. back to the chart here but that's why we wanted to check back in with ivy zelman and her team because the ax was so right. in mid-september zelman published a home survey in august which served the biggest surge in year-over-year growth in more than four years. in response zelman raised the price target on 7% on average. you pay more for stocks when you expect growth. and how good are these numbers we estimate 500 basis points of upside potential to our current

estimates of 9% aggregate order increase for the public. meaning we're talking about lower growth in september they sounded confident homebuilders had a lo lot more room to run since thing things got better. zelman published another note titled raising third quarter building efforts." she's now predicting 15% order growth across the whole group this quarter no wonder the economy is strong. that's up 7% from last quarter she noticed pricing trends are improonking, which is starting to boost margins for homebuilders however, the stocks have run so zelman warned we may get near-term profit taken during the earning season she said not to worry, any pullback will be short lived and i think you need to keep this as a buying opportunity i am, as you know, big fan of

lennar and have been since i worked with goldman sachs, and he's no longer with us, but stewart, second largest player incredibly good home builder reported an awesome quarter about a month ago. stock selling ten times earn eggs zelman reports week after next, expect the high-end home builder reporting great numbers in august but down for october. and now chasing just ten times earnings wall street doesn't believe these estimates will be made i think that's absurd. reports a buy before december. you might want to consider taylor, the stock was considered underwhelm egg and got hammered. we had the ceo on a few weeks ago. i thought she said a terrific story, eight times earnings, buy. the bottom line, zelman and

associates knocked it out of the park calling for a rally in march. now that homebuilders are back for the highs, i think you get a chance to pounce against zelman still likes it. so do i! it's been reported that there's a cyberattack on business every 39 seconds. ouch. i don't even want to think about it. comcast business has a solution. we go beyond fast with a cloud-based security system that automatically updates, so you always have the latest protection. phishing. malware.

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♪ november may have gotten off to a strong start, s&p and nasdaq closing at record highs today. didn't some hedge fund managers the other day tell us we had to get out and scare us that was a long time ago, i guess. earlier this week it was a different story for one particular stock, grubhub. grubhub reported a good quarter and the stock was annihilated. it was a savage decline. i've got to tell you, this is how you really lose money in the stock market but i was not surprised by the results. i was more -- i guess what i

could say though, i was surprised by how many analysts were blindsided by the results these numbers were entirely predictable, which i know for a fact because i predicted them. for months i have been warning awe way from this one in the whole refood business. over again i told you there's too much competition grubhub nay have pioneered the online business model but now they have smaller convenie venture-capital backed rivals with tons of money nipping on their heelgz and they're happy to lose money if it means taking market share away from grubhub. that's why i started telling you to get out of grubhub back in february when the stock was trading at 83, up $50 from where it's currently trading i reiterated that point in july. any time there's a new industry, i said grubhub is example when a gunch of capital funds decide to pour money in their rivals i just reiterated this when

dominos came open the show and we talked about the jd deliveries are troo prnk lent so it didn't shock me this week, it's what expected but what shocked me is wall street analysts taking the wrong side of the trade here they raced it down and slashed estimates. we counted no fewer than a dozen downgrades on tuesday into wednesday right here thank you for nothing. some of the price target cuts were compare -- they were down right comicable, to be honest. zillow went from 100 to 35 they love this stock in the 50s, hate it in the 30s don't get me wrong, they are right to downgrade how do analysts that cover grubhub professionally, professionally, fail too see this coming? i called it nine months ago. it's not like i'm a super genius or have access to prioritiy information, i simply own two

restaurants. that's what happened when you have a bunch of well-funded characters that don't care about turning a profit but i guess that wasn't as orpheus as it seemed only one analyst had them going into the third quarter, everybody else blindsided. first let me walk you through what happened and we will figure out where the analysts went wrong. going into the quarter grubhub had been hammered and the company reported the actual results were not that terrible grubhub gave you a inline earnings with respectable growth number, up 30% year over year. active diners and users came in a little better than anticipated. gross food sales a little worse. no, what created the stock was the guidance and the commentary surrounding the whole company on the conference call. grubhub guided for 315 to 335 million in sales the next quarter. analysts were looking for $370 million. huge miss. they talked about $225 million

in earnings before appreciation and amourization they're looking for 379. terrifying last week they refused to give concrete numbers but in 2020 they said they're expecting $100 million before earnings and taxes and amortization that's a catastrophic number going into the quarter, they wanted $342. they had to slash estimates. this is about grubhub's competition eating into markets and forcing restaurants to give them better deals. they said this will turn around as the digs kregsary spend associated with initiatives naturally declines and we create operative leverage as we grow, end quote. but not a lot of pim believe them because they've been saying the exact same thing all year. when i told you to sell the stock back in february, well, they were reassuring us that

their essence would, quote, naturally decline in the second half of the year how is that working out? as bad as the guidance was here, the letter to shareholders, frankly, was worse grubhub's management just sounded lost in the letter i mean, i wish somebody had proof read it or something or just edit issed it it was amazing it was as if they only just realized all of this competition from postmates and uber eats and doordash was ruining us. listen to this -- we believe online diners are becoming more pro mipromiscuous. for years we saw in our own data a grubhub diner was extremely loyal to our platform however newer diners are increasingly coming to us already having ordered on a competing online platform and our existing diners are increasingly ordered from multiple platforms, independent

quote. where do i start for years grubhub had no serious competition. customers used to be loyal they didn't have a choice. that's no longer the case. but we already know grubhub was in bad shape before we found out it had promiscuous diners. i guess they got rid of thesaurus. i could think of other words that would be better there diff dent? quizzical? but analysts were clueless going into the quarter analysts had buy ratings, only one sell after downgrades, after the quarter, bulls downgrade en masse. where did they go wrong? promiscuous. i got to give -- let me give it a somewhat of an atta boy to heath terry at goldman sachs he gets right to the point in the first sentence we got it wrong! he elaborates, we should

underestimate the impact of competitor investments on customer behavior across the space, while overestimating the potential for issue wide growth and grubhub's ability to maintain share, end quote. don forth was even more honest -- we gave management too much credit to one, assess competitive pressure and make necessary adjustments to its go-to market strategy in a timely manner. two, monetize increasing chain restaurant delivery efforts in a more confident way three, manage long-term wall street expectations for the near term when you look at the downgrades, they sound almost indignant that grubhub's competitors are chasing market share at the expense of profits bank of america, quote, the food delivery market is increasingly irrational as competitors flood the market with rewards. and they're upset grubhub is embracing the same strategy.

grubhub doesn't have any choice. they got to be in business the most common refrain here is the industry is much more competitive than they had been led to believe it's like they never used these online delivery services maybe analysts, what do they cater? do they only go out to dinner? if anyone was paying any attention at all would tell you this was coming. i think grubhub's management was clueless and most of the analysts who covered the stock were way too credulous people who are in the company have been living in a fantasy land, promiscuous fannedsy lapd. might be interesting where is that thing pinocchio went to? fantasy island but somehow they convinced most of the analysts it was real, perhaps helped by costco playing a rolep like big fish like postmates or doordash, the largest into the ipo chute at their own finance department but not all of the analysts. there was one guy that was real

smart, he was selling, deepak. he did miss the major rally before the downturn but it turns out wasn't wrong, he was early bottom line, sometimes what you see in your day-to-day life, what your eyes see is far more helpful than what you hear from the analysts on wall street. when it comes to online delivery, postmates, uber eats and doordash are everywhere and they're offering great deals you only have to use their services and believe your own eyes rather than listen to grubhub's clueless management team and equally diluted analyst accolades. nonpromiscuous colton in florida. colton >> caller: hey, mr. kramer, boo-yah. >> boo-yah >> caller: i wanted to get an updated opinion on which poelt

pay. >> someone on twitter asked me what i thought because they acknowledged the stock has been down a lot here's what i have to say, it was the number one performing stock going into this earning season i know now lambert research is doing as well. i think it's a buy there's a wendy's report next week i think you will be pleasantly surprised. don't ignore your gut. grubhub's awful quarter was predictsable, just not by analysts if you trust your gut, you avoid a lot of pain. good news if your dog ate your homework, i did it for you and can help you make money. i'm asking all of my old investors to cover their ears. throw away textbooks i had great professors they're like what are you a prize now, nobel prize and we have "rapid fire" in

tonight's edition of lightning round. with esri location technology, you can see relationships. connections. patterns. you can see what others can't. ♪

♪ you know on this show whenever i get a call about a company i'm not that familiar

with, i always promise to do some research and then circle back with a more considerate response i don't like to cup things here. i take your questions seriously so i want to give you the best answers i can come up with let's catch up with homework a little over a week ago on october 24th chris in ohio stumped my when he asked me about a company fastly, slly i said i need to do digging. the most he said fastly, i thought of nicely nicely, the character from guys and dolls that i tried out for at springfield high and got cut and didn't get it and i never forgave the director still furious to this day. anyway, fastly fastly is a cloud-based software company that became public with a bang back in may. they help companies quickly deliver online content what does that mean? alaska airlines uses the platform to test features without disrupting things for

the vast majority of users spotify, we know we like and stock going higher, managed a content delivery network fastly makes sure you can book flights, go to event or stream content over the west in the seamless way possible. and when you have a ticket disaster, fastly makes sure they're not offering you outdated information as tickets get sold and if you're chasing digital experiences, you have to deliver content reliably or at speed otherwise users will go somewhere else that's why businesses bring in somebody like fastly it makes them better so many of these companies do that this stock had a very strong debut when it came public in may. it priced at $16 and then the stock opened to $2 is.50, first day of trading and then closed here at $24. sirns then, look at this thing real wild trade. bouncing low 20s for most of the summer, fastly reported an

imperfect quarter in august and the stock promptly got obliterated. it went all the way down from $24 to $14 that's sometimes when you call and say listen, i got a big speculative stock, i'm afraid of that happening the results are not really all that terrible but they weren't the kind of numbers you want to see in a fast-growing software company out of the gate. fastly reported a wider-than-expected he loss with sales only slightly higher than anticipated, up 40% year over year the company's dollar base expansion rate, important metric for cloud companies, how much business they're winning from existing customers, fastly is at 132% fastest customer account was only up about 6.4% and that's a market deceleration. deceleration of adding customers, doesn't that sound a little like pinterest this morning? the same way this woman is basically in line -- so is pinterest, for that matter, wall street wasn't looking for in

line but a fresh-faced ipo who rocked hiker on first day of trading, that's why it wasn't good enough and it didn't help we saw maj roartation out of the cloud cohort they became wary of companies with no earnings and high-flying stocks however, fastly quickly bottomed right in the middle of august after pieper jaffrey naishted coverage on the stock with an overweight rating and $21 price tag. they argued it was a actual pullback enticing and it immediately came back. it was an interesting piece of stock from august 15th to september 15th it searched to $30.35 this was an insane move. i wish i could tell you there's something else propelling it higher but it seemed like the sponsorship kicked off a wave of buying and that led to a major, yes, short squeeze couldn't find the stock, selling

it you borrow stock to sell it and then couldn't find enough stock to meet the demands of the buyers move didn't last after peaking in early september, fastly came right back down and downgraded to neutral a few weeks ago so maybe we shouldn't dwell on the weird spike. cloud companies have been out of favor and they worked their way down to $10.20 today i said a good analyst can move them but this stock goes like this as adobe says good things monday how do i feel about it i love it. when you compare fastly to the other cloud, even other members of the class of 2019, many of which are second raters, and posers, the numbers are far from incredible 37 plus revenue growth is nice but you have cloud describe and they have okay growth. they're not profitable the first quarter as a public

company was a mild disappointment and that shouldn't happen remember, when we analyze cloud place, we like to analyze the rule of 40 let me explain again it's not hard. you add a company's revenue growth to its profit margin. and if the sum is greater than 40, the stock might be worth owning in other words, we like cloud plays with rapid revenue growth even if they're moving money we like cloud plays with slower growth as long as they're extremely profitable and we like cloud plays with good but not great revenue growth but good but not great profitability. this is the whole thing. it makes sense, believe me but fastly does not fall into any of these categories. company is expected to put 30u7% revenue growth remember that year in this industry that's a good but not great number and they're losing money nervetive 9% amortization. that adds up to what

21%. we need 40% to feel good that said the company is reporting earnings again next thursday maybe they can turn things around i'm not going to bet on it though especially when you consider the lockup expires earlier next month. that has been deadly for these ipos i can't get excited about this when there are other beaten-down cloud names we know are doing much, much better. ateryx, they just swerved higher are today after reporting a fantastic quarter last night the accelerated revenue growth and super bowl possibilities forget fastly. want cloud exposure? there are a heck of a lot better interprets "mad money" is back after the great. - did you know that americans that bought gold in 2005

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first, before we get started, i want to wish a happy birthday to dr. roy dobson, great fan of the show. happy 90th sir, and thank you for watching

now it's time for "lightning round" [ buzzer ] and then the "lightning round" is over. are you ready ski darr "lightning round" starting craig! >> caller: hey, mr. cramer i wanted to inquire about abera realty. >> look, it had a move it's up 40%. i don't like the special, real estate financial business, i don't really know what they own. congratulations to people who have owned it but i don't have enough signed knowledge of what it does in order to make a judgment ken in minnesota ken! >> caller: how are you, mr. cramer >> i'm good. >> caller: thank you very much for all you do for us, mr. cramer thank you very much. i wopd irif you could speak a little month crowdstrike. >> the company is good but i say poo-poo reported a number last

night. mitigated a great number, great quarter and crowdstrike is part of the new cohort and they're not doing that well. bill in florida, bill? >> caller: hey, jim, this is bill congratulations on giving all of us small investors a chance in this market today. >> well, remember, we tell investors to happy birthday, tim cook >> caller: yes, i took position of rko right before their earnings report and i should have probably waited the stock did a dive. >> i got to tell you, nokia to catch up to huawei, has to kill its margins and that killed the stock. i don't have much hope for nokia ur erickson. sky is here to stay. do you it with wework's or marvell.

patrick? >> caller: boo-yah, jim. >> nice. what's up? >> caller: what do you think of cat aleapt >> i like viva in that space for development drugs. some of the commenters on twitter, you know this and you know that. i do know. let's go to max in york. max? >> caller: hey, jim, max from new york how are you? >> i'm doing well, max >> caller: thanks tore faking the call there's been a hus reciprocal from defensives. let's take coca-cola. >> i had the ceo of starbucks, i thought he told a good story coke is fine, starbucks is better and that, ladies and gentlemen, is the "lightning round" >> announcer: "lightning round" is sponsored by td ameritrade.

the week stupid! boo-yah! >> boo-yah back! >> this quarter is not chicken i'm flying through the quarter with wings i'm ready, ski dad that's not nothing it's not nothing birth it skips the cow here's right to your play, not here the cow and then wait got it i did the cramer versus cramer, it ended badly i'm here to try to help make money. not possible you think it's ghosts? what you love! much more "mad money" ahead! it's my darn show. now, that was some tv. i'm happy to give you the tour, i love doing it. hey jay. jay? charlotte! oh hi. he helped me set up my watch lists. oh, he's terrific. excellent tennis player. bye-bye. i recognize that voice. annie? yeah! she helped me find the right bonds for my income strategy. you're very popular around here. there's a birthday going on. karl! he took care of my 401k rollover.

wow, you call a lot. yeah, well it's my money we're talking about here. joining us for karaoke later? ah, i'd love to, but people get really emotional when i sing. help from a team that will exceed your expectations. ♪

i'm starting to wonder, wonder if everything we thought we knew about macroeconomics is wrong. okay, it's been a long time since i have taken an economics class, but so much -- 40 years -- but so much of what i was taught simply doesn't fit with what we're seeing right now. for example back in the day they liked to tell us about the forbes curve, the idea there was an ironclad relationship between unemployment and inflation, when unemployment is low, it's supposed to cause a higher level of inflation they don't use this method anymore but what this replaced

it with is not working either. when jobs boom, wage replacement works its way through the whole system that's what happened 50 years ago when the jobless rate got this low but tuesday not happening now, even though we have a strong job market wages are barely up. that's not all the labor department is supposed to be tied to our gross domestic product when our gdp is decelerated like it is right now, usually that's bad for jobs we're now in bizarre situation where the unemployment rate says the fed should raise interest rates but gdp growth said the fed should cut interest rates, like they did earlier this week. why do i bring this up because there are a ton of commentators who act like economics is a hard science. they throw you off the scent of making money in the stock market these people roll out discredited theories from 40 years ago to come up with arguments about what the fed's going to do next or should do. see, that's no longer how it works. orthodox economics has only led

us astray. form knitly, powell has recognized that. he has no idea home depot cut interest rates because it needs to see data before it comes in before he makes the call or just keep them steady anybody who tells you otherwise is just wrong. they're making stuff up. powell gets it because he's been groomed by economics before. remember a year ago he was talking about three more rate hikes, be all because the orthodox said you need to tighten when unemployment is low. turns out orthodoxy was dead wrong. he had to reassess the situation and he cut three times cut when he thought he would raise! cut three! don't you think it's harder to be more wrong than that, frankly? don't you think you would lose your job if you were that wrong? for whatever reason, economics doesn't seem to have much predictive power in this environment anymore and rely ug on the theories has become a fool's game. i think powell understands the industrial economy needs help, even as the much larger consumer

economy is humming along just fine he's broken from the orthodoxy and i swimminger for that. i'm a company and company guy, with the exception of honeywell and united tlks, i cannot think of any company doing really well they're wounded by the tried war or strong water. that's why it makes so much sense for the fed to cut wednesday and why they might need to keep cutting down the road every time the fed eases you hear self-appointed experts to say the rateis about to set of an ill luminous bout of inflation. they have been wrong every single time. they cling to this and act like they've been right but the relationship between unemployment inflation, hey, it broke down i think it's because we have so many deflagsary courses in this new economy. with walmart and amazon and software companies driving down prices, the fed has leeway to cut rates. if they boost employment in gdp

growth without causing inflation, well, that'swhat they should do there's no downside. i know what the textbooks say. those textbooks are obviously and empirically wrong. it's time to put them and their believers out to pasture stick with cramer. usaa took care of her car rental, and getting her car towed. all i had to take care of was making sure that my daughter was ok. if i met another veteran, and they were with another insurance company, i would tell them, you need to join usaa because they have better rates, and better service. we're the gomez family... we're the rivera family... we're the kirby family, and we are usaa members for life. get your auto insurance quote today. through the at&t network, edge-to-edge intelligence gives you the power to see every corner of your growing business. from finding out what's selling best... to managing your fleet...

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doprevagen is the number oneild mempharmacist-recommendeding? memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life. remember i told you earlier this week that there are a bunch of hedge fund managers to come on and tell you how the market is going to be and how it will all go bad and you will not make any money and they think they're doing the right thing? it's days like today that remind you, you can make money in individual stocks and people try to talk you out of it, or the people who tell you to be incredibly cautious, maybe they're wrong. think about all of the money that's been made here and be grateful, be grateful for the companies that helped do it. i know a lot of people think it was the feds but don't forget the companies too. there's a bull plarkt somewhere, i promise to find it here on "mad money"! we will see you monday

>> 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." ♪ okay, remember to smile and wave. and do not jump around, okay? man: 4...3... here we go. ...2. roll doors. ♪ narrator: first into the tank is a modern clothing line for stylish little ones. oh. [ chuckles ]