tv Mad Money CNBC November 26, 2019 6:00pm-7:00pm EST
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you play that get back to the plier prior high are the analyst meeting. >> you know who hosted like a boss played hurt this evening but did yeoman work. go to the opera house if surpta trade. iikit thank you all yoman's performance. >> thank you all very much. my mission is simple. to make you money. i'm here to level the playing field for all investors. there's always a bulwark summer and i promise to help you find it. "mad money" starts now. >> hey, i'm kraemcrammer. tweet me at jim cramer. the president's being impeached. we still don't have a trade deal. the yield curve is flat evening again. as we saw with the dollar tree.
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although it's been said before, we've got new old news, i guess that the drug companies and the opioid business are facing a criminal probe. all of which would have at one time virtually trashed this market. instead, the dorn thing just won't quit. dow gained 55 points. nasdaq advanced .18% with all three closing at record levels. so we have to ask ourselves, what the heck is going on here so you know what i'm going to do in honor of these records, i'm going to run down all the reasons why this rally keeps on trucking first, while, indeed, discounter dollar tree had problems with the tariffs, the big guys are doing just fine. walmart, target, amazon, costco simply haven't felt the pain. the tariffs air problem for some many chains but the sky is falling narrative hasn't played out. inflation remains subdued.
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when you consider everybody was predicting the trade war would devastate all retail, things are going much better than expected. number two, the enterprise is very soft, but far fewer companies are levered to the enterprise, meaning company sales, than you might think. tonight hewlett-packard told a tale of woe similar to what we heard from sysco. there are just too many executives who have to sign off on deals because who knows how much they should budget for in 2020. we already know what the tariffs are going to be. still, companies don't want to make a mistake, so they are holding out for a more certain environment to buy big capital products. however, individuals are still flush. and they're spending fortunes on hardware as we saw from best buy this morning. the stock jump almost 10%. kohl said women's apparel is weak, but dick's sporting goods told a positive story about the same kind of power, sending its
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stock up 18.62%. i've got winners and losers, not just losers. and the wirns anners are more prevalent than the losers and that's why you have a rally. third, talks of getting a new lease on life ever since china said it would respect intellectual property. talk is cheap. but president trump can declare a victory here and say he's gotten the chinese to change his ways. if you get a phase one trade deal, that wouldive the go give and casino companies money. money manager don't want to be caught on the wrong side of the trade going into thanksgiving weekend. it's like when you make a turkey, the numbers are like that. instead of worrying about whether they're too long, they're afraid of being too lean. or worse, being short if trump announced a big trade deal. do you want to slort a bahort a
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knowing that the chinese might be willing to let them to do business over there without a partner? jp mortgage began, goldman sachs? i know i wouldn't. it's too dangerous if they're the ones who end up getting chinese franchises. fourth, when a company reports an upside surprise, its stock is insanely rewarded. this morning, burlington stores, one of my favorite places to shop, posted a healthy beat. initially stock dropped on the news, stupidly. but then it caught fire. it rallied 8.5%. the companies that missed like dollar tree saw their stocks get slaughtered. same thing happened to palo alto networks. stock plummeted 12%. when you get stocks like best buy and dick's sporting goods beating expectations, it doesn't matter if the expectations had been lowered, which was the case. their stocks rocket higher anyway. oh, impeachment, impeachment,
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impeachment. impeachment is going just as i told you it would. when clinton was impeached it turned out to be an incredible buying opportunity. same thing's happening with trump. we've known all along that these proceedings would be still born. you need to get 20 republicans to vote against the president, so far not a single one has come out against him. rightly or wrongly that's not on the table and the market senses the impotence of the democratic efforts. six, when it comes to the -- when it comes to democratic primaries, the hardliners keep getting beaten up to the point where i'm thinking they're going to regret taking such -- positions. the seminal moment, when senator warren said she was putting her plans for single payer health care on hold until the third year of her administration which means never because they accomplish the most in the first two years in office. have you looked at these things? i'm glad i told you to buy some
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united health. whew seventh, the flow of new ipos has slowed to a trickle allowing the market to catch its breath. i think the collapse of wework was the single best thing that's happened to the market in ages because it mooitd made the underwriters -- unless they make themselves look like idiots without all the new supply from ipos, the corporate buybacks, they can work their magic and stop eating up any excess selling allowing stocks to rally. all year i've been telling you that ipos were the biggest threat to the bull market. it makes sense that once they stop, we can go higher. eighth, mergers were supposed to be on hold. so much uncertainty. but you know what? we've seen deal after deal across a host of sectors. we'll see more mergers in this space. the brokers are right for consolidation. there are way too many bio techs. every morning i get the
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research, it's like hold on, what is this one new biotech enterprises. we've got way too many of these buys. when they get taken over, know var tis, nts, they go up. we made it through the worst part of the year. money managers are much less likely to blow out stocks. if anything, it will be a trial to keep them on what we call the sheets. perhaps for our managers the biggest risk is not having enough stock to show your clients that you were bullish and therefore, smart. number ten, employment remains strong. lights out strong. it's easy to find a job in this country as anyone who listened to the doppler tree call found out as they're having a hard time finding workers to fill their distribution centers. these are unskilled jobs. the president could always hit us with an earned tweet that clobbers the stock market. but have you noticed he's gotten
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better of that of late the chinese government is an unreliable negotiating partner. there could be a dis disappointing quarterly report or two. today marks the season with another not starting up until january. bottom line, the stock market, it hasn't gone crazy, it's just that there's still a lot more good than bad in this environment. that's why i keep thinking that we can climb to the end of the year with occasional hiccups that could give those stolen sidelines one more chance to do something by michael in new york. michael? >> bua, jim. >> i'd like to ask your opinion on form suit cal long term considering the opioid investigation today dropping the stock about 8%. >> i don't really have a lot good to say about teva. there are so many unbelievable pharmaceutical companies to choose from, so many good ones. go by some advi.
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why don't we go to matt and my daughter's old home state of oregon. matt. >> i got a question on roku in my growth stock portfolio. >> right. >> my daughter-in-law got me involved in the stock this spring and worked out extremely well. then this fall with the so-called value rotation got all of these stocks knocked down. so i added two it in here. it maintained a 50% revenue growth, which is unbelievable, and hardware is on virtually, you know, the majority of tv brands. >> right. >> i know there's a secondary coming. and the shorts seem to be feeding media stories almost every week. but i'm up about 25% adding a stock from about 6% on the high. >> let's not be greedy. this stock support remarkable. it's up a remarkable amount. the one thing i would tell you about roku, any time there's good news of streaming service
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like that, roku catches fire. you do need to have a constant stream of good news about streaming service to keep this one going. i don't know who's going to give that to us next, so i suggest you trim a little and buy it back later if you want to be that kind of trader. tyler in rhode island. tyler. >> hey, jim, how you doing >> i am doing well, thank you. how about you? >> i'm doing well. i love the show. >> i'm glad you like the show. a lot of people have been liething tliet liking the show. in san francisco they like heather gauge, they like katy spencer, whole staff is loved out there. go ahead. how i can help >> well, my question is with walgreens booth alliance wbba. >> yeah. >> i recently sold the stake in cvs with a nice gain and bought walgreens on the rumor of them going private. i'm wondering if you think this private deal will go through >> well, i think that it's a very expensive deal go private.
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i do think the stock has come down a lot. it was off very badly today. it yields 3%. it's down 12% for the year. i don't think it's a mistake to buy here. but you know i like cvs. but you can follow along at action alerts plus.com club. join the club, learn. sure there's a possibility for the market to decline. i mean, who knows. listen, the chinese can pull the rug out from underneath us. but you know what? the reasons we're rallying are pretty strong. and here they are, all ten of them. you can write them down i think that's what we're going to continue to see. by the way, on mad money tonight, has this sunshine investor terms in time of turmoil, it's time to go for the gold. we have the eagle minds on the 25th anniversary of them being listed on the big board. then it's a company bringing a whole new generation of traders to the field. how is it disrupting your potential investments? i'm eyeing robinhood men in stocks. and in 2019 we had the shortest possible holiday shopping season. so what does that mean season in
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less days for my wife's favorite zap poes. other than tesla. yeah, she wants a tesla. tesla, tesla, tesla. so stay with cramer. >> announcer: don't miss a second of mad money. follow on jim cramer on twitter. have a question? tweet cramer mad tweets. send him an email. or give us a call at 1-743-cnbc. miss something, head to cnbc.com. (vo) the flock blindly falls into formation. flying south for the winter. they never stray from their predetermined path.
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the stock market seem to be hitting new highs on a daily basis, we forget about the worries that held us back over summer. not everyone arizona a winner. the price of gold has fallen to $462 today because gold lowers in times of economic uncertainty and things seem uncertain today. although you know from the top there's plenty of worry about. i think the pullback makes sense. as the averages go higher, so is the need to own gold as an insurance policy. that's why i like the nicco eagle mines. that's a well-run gold miner
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that operates in safe places make tay low-risk producer. not lowest cost, but low risk. when it was getting clobbered, it still soared. let's check in with the bank of the vice chairman ceo of the mines to get a better sense of how his company is doing. >> nice to be here, jim. >> okay, sean, you're a no nonsense guy. revenue growth up 30%. strong top and bottom line beat when you reported at the end of last month. what is making this happen because i know you spent a lot of money getting this thing right and it's all coming to fruition now. >> yeah. we made some major investments in the pipeline. even during times when the gold price was much lower than it is today. so our timing was perfect. and we're now starting to see the benefits of that. we can see steady growth in production over the next several years begin to ramp up the new
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mines that came in to production this year. >> the -- some of the costs of these mines are rather extraordinarily low given gold at $1,400. can you tell me about this la rond, how is that possible >> well, it's been producing since 1988. and it just so happens we're mining actually three kilometers below surface, the best grades in the history of that deposit are actually at three kilometers and below. we're starting to see the benefits of opening up that new area giving us access to that higher-grade material, that lowers our unit costs there. so that's some of the lowest costs we've seen in 30 years there. >> is that unusual >> it's unusual. but it's a large system. this deposit has zinc, it has silver, copper, it's what's known as a poly metallic
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deposit. these tend to be fairly big. there's still ten plus years of mine life there and we're still finding more. we can go deeper. we're planning actually to go to 3.5 kilometers below surface. >> we'd like go down there with you. would you ever let us go down? >> yeah, might as well do a show there at some point. why don't we go next year. >> i would love to. now, you spent $397 million on amerook. why does it cost so much money to do a gold mine? >> we had to build the roads. weather largest road owner there. we have over 200 kilometers of road. you're putting in roads, building power facilities, you're bringing equipment. it's expensive. but the good thing about that is we're able to leverage off an existing processing facility. we simply just truck the oar
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down the road. so so that's a big part of our growth. >> when you truck like that is that something you can do autonomously >> ultimately you can. right now given the technology we're still using 150 ton haul trucks with a driver. but ultimately we hope do that autonomously. >> on this project i think people have to understand it's not like you turn things on. there's always something when i do the gold stocks, you know i love the gold stocks, where there's a new thing that goes wrong. dewatering >> there's a lot of water. there's a lot of lakes there. and it was just a matter of getting that mine up and running and starting at the same time we had the spring that you. and it thaw. it's not spring, it's june. we had excessive rain during that period. simply pumping out the area we were going to build the pit. so that's done and now we're
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just ramping up the mining rate. >> you must have great confidence, you're such a conservative person but you gave us a big boost in the dividend for your company historically. >> we love to pay a dividend. we paid one for 36 years, which is not easy to do in the gold mining space. we're proud of that track record. the way we've positioned it, clearly it depends on the gold price, but we're certainly positioned to hopefully do better than the current level of 70 cents per share. >> you able to turn it off and turn it on for instance, meta bank, i hear you got total costs of over $100,000. that seems dicey to me, but as long as you've got a $40 margin, just keep it open? >> that one is just the processing facilities. we've just finished mining out the deposits that are close to the metal bank processes facility. amerook gets shipped in, so it's just a transition from the deposits near metal bank to thorook deposits.
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so the costs are a bit higher. >> a lot of golden miners are challenged to find gold. some of them have to make acquisitions and mergers because they're running out of gold. is it fair to say in your many years in the business that this is about the last -- the hardest yet to find good quality gold in safe areas >> absolutely. and i think that bolsters the case for gold going forward. still very strong demand coming out of central banks, coming out of regions like china and india. it's getting much tougher to grow reserves and it's getting tougher to grow production. not just grow production, but grow it in a way that improves the underlying quality of the business. it's tougher now than it was ten or 15 years ago. we just celebrate today our 25th anniversary on the new york stock exchange. a lot tougher back in 1994 than it is today. and i think that bodes well for even if gold's at 2,000, we're not going to see a substantial amount of new mine supply because it's just so difficult.
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>> one last question. i know that gold mining is often uses chemicals that countries don't like, that neighboring residents don't like. has it become eco logically more tough to dig for gold than ever before >> it is. but that's just going through the process of meeting all the environmental regulations, but mostly permitting. so that's another thing that limits supply. the lead time to build these assets are a lot longer. the capital required to build them a lot larger. that just makes it more difficult. but these deposits that are being found now, the new ones, are in parts of the world which lack infrastructure, are in parts of the world which countries may not want you there. that's why it's get also getting more challenging to find deposits. that's why we love it here. it's a place where the locals want mining and there's unlimited potential because there's not many people there. and that's an area, as we said before, it's 3.5 times the size of france.
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weather large we're the largest player there and the biggest owner of the future. >> congratulations on your 25 years on the big boarded on that remarkable quarter. good to see you, sir. >> thank you very much. >> that's sean boyd. if you were worried, if you were concerned about the world, you go into cash, you can go into a cave, or you can buy agnico eagle mines. we'll be back after the break. most people think of verizon as a reliable phone company. (woman) but to businesses,
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we're a reliable partner. we keep companies ready for what's next. (man) we weave security into their business. virtualize their operations. (woman) and build ai customer experiences. we also keep them ready for the next big opportunity. like 5g. almost all the fortune 500 partner with us. (woman) when it comes to digital transformation... verizon keeps business ready. ♪ i'm a regular in my neighborhood. i'm a regular at my local coffee shop and my local barber shop.
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when you shop small you help support your community - from after school programs to the arts! so become a regular, more regularly. because for every dollar you spend at a small business, an average of 67 cents stays in the community. join me and american express on small business saturday, november 30th, and see how shopping small adds up. i think about the arc of the td ameritrade with charles schwab. i keep coming back to this disruptive force of robinhood. the barebones presence where you trade for free. something that very much appeals to frugal millennials who hate paying for anything on the internet. the fact that robinhood raised
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money in the end of october, told you the writing as woman the wall for this dustdry. put that in perspective, etrade, which was one of the first electronic brokers and has close to $4 earning power, only has a 10 billion valuation. of course at this point robinhood hasn't made as many accounts as etrade. what does it is a? it could mean that the private market is simply insane. why not? how could money losing out with the safe number of accounts be worth almost as much of a highly profitable company that does the same thing it seems stup april fied when etrade reported an outstanding quarter for last month when they laid out this plan for next year. hard to believe that the etrade business is negative, isn't it why are these venture capital ventures paying so much for robinhood. >> i think they love the age of the company's customers. not current account balances.
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robinhood has put a whole new generation of investors into the market, the iphone toting millennials who like owning stocks. i know that it says you're an idiot if you take the risk of buying individual stocks. we're told your a dope if your put your money in anything other than an index fund. but they're not going to get you rich in a relatively short time like individual stocks may, can. that's why if you have the time and i exclamation it's worth putting money into individual stocks aside, next to the inde fund. robinhood investors get it just like the predecessors who flocked to etrade in the '80s and '90s they don't offer fractional share trade clrg sing, which is. but one of their rivals do. we have tremendous insight honor onhow they like on how they lik invest. it's what i tell people do when
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they're young enough to make any potential losses back. millennials are drawn to the likes of ford and ge. when they started offering a brilliant idea, fractional shares. thanks to fractional trading the number one stock is amazon. i say, great. what else do they buy? they like the rest of the f.a.n.g. cohort. but while this is anecdotal, they're drone to tesla. my wife and kids want one. and beyond me, both of which fit the millennials. the props are too good, they could easily raise a couple billion dollars tomorrow if they needed it and even if you threw a rock through a window they've still got enough money on the kickoff. millennials are like the cannabis stock but that's not the case still because they've gone up in smoke. robinhood has caught the fancy of a whole new generation of investors and they did it without spending much on advertising at all. now that the private company raised almost a billion dollars, it's able to blow out its
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business model and scale it. and they seem like they're everywhere because of a new found love for stocks by millennials, the brokerage landscape will never be the same just like it was when etrade got its start 35 years ago. stefano in new york. >> jim, how are you? >> i'm good. how are you? >> we've been watching your show show since we were kids. it's something that brings us together. >> i'm thrilled. i love to hear that. thank you. how i can help you. >> i have a honey, they recently bought the company for $4 million. what's the thesis -- this is a terrific discounter. i ask you, maybe you use it, i have to tell you i think it was brilliant. i want dan to come on the show and i will sing the praise of this since i found out that everybody uses it. let's go to ann in indiana. ann. >> jim, thanks for taking my call. >> my pleasure.
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>> i saw an article in the paper on sunday that the fed is considering getting into the payment space with fed now. do you think that's possible and how is that [ inaudible ]? >> i kind amissed that questia n >> it's growing like a weed and it's a secular force of paper into plastic which still works. investing in trading have caught the fansive a ncy way of tradin. the brokerage landscape will never be the same. much more mad money, black friday just days away. looking for deals in the retail space? remember zappos? find out what they can teach us about public companies. i'm going to talk to one company that says they seem to think so. and all your calls on tonight's edition of the lightning round. stay with cramer. my parents never taught me anything about managing money.
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right now i think we're in the middle of a second ecommerce revolution. the second started months ago when it was simple to buy things online. but the current revolution is taking that to the next level allowing digital retailers to create an incredible sense of personalization. that's why i want to check in with a company that's been doing this for years, called zappos. the online shoe store that become a subsaid deidiary of ami 2009. last month the company celebrated its two-decade anniversary with the publication of a new book called the power of wow. how to electrify your work and life by putting service first. it's full of lessons from their employees as told "the new york
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times" it's a fun read. think these guys have a great, great time at zappos and a lot of it is because of the new retail order we find ourselves in. we've got to talk with them. let's go to tony shea. welcome to mad money. >> thanks for having me. >> all right. first, tony, congratulations, you've built an amazing company. one of the things that's so funny we were out at sales force last week. there's billions of dollars being spent to try to make people to be like you're people. who are not your people. i want you to talk about the growth of employment, number one, deliver wealth through service. because it seems like the other guys are trying to digitize and automate what you do from the heart. >> we're really focused on, number one priority is actually company culture and our whole belief is that if we get the culture right then most of the other stuff like delivering service or enduring brand will just be a natural bipra duyprodr
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that. next time you're in vegas, i recommend taking a tour to our office. we offer tours to the public monday through fridays. but part of the reason for coming out with the book, the power of wow, it's for people that can't make it to our headquarters. we took over the former las vegas former city hall in part of the downtown las vegas revitalization efforts as well. >> i find companies with great culture, whether it be dan gilbert's companies in detroit, or zappos, they do far more than just trying to make money. they try to revitalize down towns. they try to create all new regimes like wholeocracy. >> that's really just one technology we use and for us it's about going from kind of a more typical hierarchical organization to one that's net worked and self-organize so probably the best real life example of that is cities. the mayor of a city doesn't
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actually tell its residents what to do or where to live, but cities are actually resilient. i think i read somewhere that there's only three days of food supply in manhattan, but there's actually no centralized food, you know, supply coordinator. and the other interesting statistic about cities is that every time the size of a city doubles, innovation and productivity perez dent increas per resident increase by 15%. and so our goal at zappos is to avoid that fate. and there's also interesting statistics like think the fortune 500 list came out in 1955 or something like that and 89% of those companies no longer exist, are not on the list. and so the default future for companies that are in a hierarchical format is death, essentially. and so we wanted to basically
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not have that happen to us. >> well, you did have what amounted to a minor -- but i still say your near death situation occurred in your great book which was that you had a mistaken price during one of the holiday seasons and you lost a million dollars in minutes. and yet you learned from the mistake. most companies there would be a firing, there would be just -- it would be a pivotal negative moment. not at zappos. >> yeah. i guess our perspective is as long as we're learning and constantly learning, if we make the same mistake multiple times then we're not learning and so that would be a bad thing. but any time it's a new learning, we actually encourage that and if anything, might put employees into even have more responsibility because now they're that much smarter. >> you know, tony, why is it that it's revalatory, build a
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positive team and family spirit. why do companies not foster that >> i think with anything like company culture or customer service, it all kind of, in my mind, it's all the same thing. it's the difference between long term versus short-term optimization and thinktioning. yes, at zappos if we wanted to make more money tomorrow or next quarter for or the next year, we could stop answering phone calls and stop focusing on company culture. and probably in the next year that would actually increase our profits for the short-term. but we've been around for 20 years and we're not going anywhere and we also operate independently from amazon and we basically treat them as our board of directors. so than enables us to take a long-term approach and really care about our employees, our company culture, and the byproduct of all of that is great customer service. our goal is to have zappos be about the very best customer
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service and experience and hopefully ten years from now people won't even realize we started out selling shoes online. we've talked about how one day there could be a zappos airlines or hotel that's just about delivering the very best customer service and experience. >> okay. so away from my wife's incredible orders that she's placed with you so far this year for christmas holiday, how is the christmas season given the fact there are fewer days? and i know you guys have a great read on things. >> yeah, so our holiday season really kicks off on cyber monday. and so it's a little too early to tell right now. but what we do know from the past is that over time customers know how fast our shipping is and they can order, you know, one day and know that it will be on their doorstep the very next day and so i think the fewer number of days in the holiday season maybe doesn't affect us as much as it might other online retailers. and then also we encourage our customers, if they're not sure
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what they're size is, they can order two pairs of shoes, two different sizes, try them both on and whichever one doesn't fit send it back to us. or choose ten different styles and try them all on in the comfort of your living room, send back the ones that don't fit and we pay for the shipping both ways. and so, yes, that's very expensive for us, but we take a long-term approach and that's what we think will keep our customers shopping with us 20 years from now. that's what's going to get them to one day visit and want to stay at the zappos hotel and hopefully fly zappos airlines to get there. >> that would be fabulous especially with football coming. one last question, tony. tariffs, short-term thinking, don't worry? >> i think for us we haven't seen the price -- it affect our pricing yet. so too early to tell. but our belief is that no matter what happens in the u.s., whether it's for footwear or other categories, we really
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believe in delivering the best possible customer service and what we found is that consumers are willing to pay for that and really appreciate that. >> excellent. okay. i want to thank you so much for everything you've accomplished for las vegas, for the people on zappos, for all your customers. that's tony, the ceo of zappos and the book is the power of wow. mad money's back after the break.
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>> oh, hi. i'm glad to get to talk to you. i've been a fan of yours since 1980s when you had your article in "time" magazine. >> yeah. >> been a while. >> my question's about synopsis. >> yeah, we have liked this stock, design automated solutions. i'm going to give you a twofer. i like auto gas which suspects. at synopsis and auto desk. that's a twofer. tim in california. tim. >> hi there, jim, happy thanksgiving to you. >> same. >> i was curious about grocery outlets. it seems like the tg backs groceries. >> i like grocery outlet very much they did that secondary, it's still people like it. i'm trying to find out where that pricing was. 3375, urdunder a dollar, that may be an opportunity. brad in texas. brad. >> hey, jim, enjoy your show.
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>> thank you. >> about three years ago i got into arwr and it did not do well. >> right. >> in the past week, especially the past two days it's done very well. i've wanted to see what your opinion was on selling, buying, or -- >> well, ben and i talked about that today because we recommended again we had the company on. we've caught like a ga zoodle. here we said today we've got to take -- it's recommended people take a little bit off the table because bulls make money, bears make money, and hugs. laurie in pennsylvania. laurie >> hi, mr. cramer. i wanted to say happy thanksgiving to you and your family. and also i wanted to say i'm thankful for all your teach us and the action alerts plus club. >> yes. >> and also i have to say good birds, go eagles. >> i know. >> and just -- >> it's not over. >> i know.
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>> it's not over. >> we're going to be okay. >> yeah. >> we're going to be okay. >> fly eagles fly. >> i just want to say my stock is fedex. >> fedex, i got to tell you, i think it's too cheap. is that going to set you off right now because they have china problems. fedex kinda feels like the eagles to me, if you know what i mean. and that, ladies and gentlemen, is the lightning round. [ buzzer ] my parents never taught me anything about managing money.
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we had a treat when we were out in san francisco last week. i had a chance to sit down with companies that are trying to find solutions to all sorts of problems. not just technology problems, problems i didn't know we had. take food waste. did you know that every year roughly 20 billion pounds of produce goes to waste just because it doesn't look good enough to display on the shelves of most grocery stores there are places in this country where it is a struggle to find fresh vegetables. food deserts i call them. but we're throwing tons and tons of stuff away because -- because it's ugly. what kind of people are we we judge an apple by its cover. this company have plenty of customers who don't care what the produce looks like, just turn it into juice for heavens sake. i think it's an intriguing story. last week i had a chance to speak with kristine mosley, the ceo of a company called, it's
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private, full harvest. i want you to look at this. all right. kristine, tell us why you started full harvest and what it does. >> sure. i spent 15 years within a may have chain and the food industries and i saw a huge amount of waste and not enough innovation. and i -- my last role i helped scale one of the juice companies in the u.s. i loved of what they were doing in terms of healthy food and awareness but i was from us it straight thunderhead were selling $13 green juices. and i wanted to figure out a way to make it more affordable. i moved out to california five years ago and that's when i found the shocking food waste statistics that tens of billions of produce are going to waste because it's not perfectly shaped for grocery stores. and food and beverage industry could use that product. >> why are we addicted to great-looking fruit. >> we've been in a time of abundance over the last few decades and consumers have had the luxury of being able to be
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pickier and pickier. and the retailers have gotten bigger and bigger buying power and so demand has trickled down to growers an it's changed the way we harvest in this country. >> it does seem like we do waste a lot. you've got statistics on how much, it's staggering. >> yeah. originally we thought that 40% of food was wasted in the u.s. and recent tud dies justudied aa number where they found that a third of all produce is not harvested from farms. it's worse than we thought. and food waste is a total impact to the world is the number three contributor to climate change. even over cars and cows. >> why just from the way we farm? >> so food produces meng thanth because there's so much of it being wasted that goes straight up into our atmosphere. >> so if we eat it, it is actually better for the environment? >> yes. >> all right. so how can we eat it if it's lying on the ground? how do you get it to where it should be without it spoiling?
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>> so that's what full harvest is solving is the first b to b marketplace for produce. we actually help incentivize growers to you've load thoffloat and they can within minutes help sell that product directly to food and beverage companies that don't care what produce looks like and put it into beverages, snacks, soups. >> i know when i was there, the french don't seem to mind ugly food. we can adopt that attitude. millennials are willing to buy ugly fruit. >> that's a trend that just started in the last few years, thankfully, because it's important as food waste is such a huge problem. the sooner that consumers realize that ugly fruit is just as delicious as pretty looking fruit and we're creating snacks and drinks with food companies that will contain our full
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harvest vegetables in it, that's a way that dlooe they cthey can difference is by purchasing. >> if we had shame, if there was shame, we would say shame on america, you should eat stuff that doesn't look perfect economy. if the in some ways your for-profit company which is private, pw krrks backc-backed poorly if we were shamed. you're betting that we're never going to get it in this country, on the you >> what we're trying to say is we're doing the heavy lifting and solving the problem for them but we can't solve the problem without their buying power. in that way there's a huge opportunity for them to purchase through us and solve the problem. so in a way we're not shaming them, but saying we're making it super easy for you, so it's up to you now if you want to help the problem. >> you gave us some staggering statistics about waste. how big is the real merchandise value of what you're doing meaning, without more awareness, can it grow or do we just have
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to -- you have to get the word out and do missionary work as a company? >> yeah, so that is part of what we do is awareness. but we provide huge value to businesses as well, both farms and buyers. we help both with their bottom line where farms get incremental revenue and buyers get money and save on their bottom line across the board. that's what's helping also us scale a zblis can you give us a percentage of how much a farmer might make more with you and how much a processor would or a food store would save >> sure. so with farms, we've found in case studies that we've been able to increase their yield by up to 30% and their profit by 12% per ache, he which are 12% per acre on the buyer side we've been able to save up to 30% off their produce. >> and who are some of the wise buyers that would take chang of that. >> some of the ones we can share are urban remedy
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they were one of our first customers and we've saved 2 million pounds of produce from going to waste by them using them in their beverages. and so, you know, we're scaling into new consumer types of -- >> i think some of these companies ought to look at themselves in the mirror and realize this is the way to go. you're doing a great thing. i hope you make a lot of money. >> thank you so much. >> that's kristine mosley, ceo of full harvest. private company doing the right thing. stick with us. even if sometimes we're not. sundown vitamins. all clean. all the time. wow! giving one. how did you guys...? >>don't ask. the lexus december to rembember sales event get 0 percent apr for 60 months on all 2019 models. experience amazing at your lexus dealer. (brakes screeching)
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okay. so, today you're going to leave your phone with a guy named flip. (ding) but it's more than your phone, it's your business, your customer data, your sales figures. and who can forget, those happy hour selfies? not flip. (honking, gasping) this isn't working. introducing samsung business security solutions, with knox software. with the galaxy note10, you can remotely wipe data or lock phones, so your business is secure even when your phone isn't. samsung business solutions. i'm part of a community of problem solvers. we make ideas grow. from an everyday solution... to one that can take on a bigger challenge. from packaging tape... to tape that can bond materials to buildings... and planes. one idea can unlock a breadth of solutions. at 3m, we are solving problems that improve lives. one idea can unlock a breadth of solutions. i'm a regular in my neighborhood.
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i'm a regular at my local coffee shop and my local barber shop. when you shop small you help support your community - from after school programs to the arts! so become a regular, more regularly. because for every dollar you spend at a small business, an average of 67 cents stays in the community. join me and american express on small business saturday, november 30th, and see how shopping small adds up. all day today we heard about a criminal probe of drug companies involving opioids. did you know this was reported before and it was not new news i know it drove them down for a little bit, but you have to understand, i read it. i've seen it before. no new news. this is always a bull market, just for you right here on "mad money." i'm jim cramer and i will see you tomorrow
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>> welcome to the shark tank, where entrepreneurs seeking an investment will face these sharks. if they hear a great idea, they'll invest their own money or fight each other for a deal. this is "shark tank." ♪ who believe they're on the cusp of the next big fitness craze. hi, sharks. i'm mike hartwick... and i'm sarah ponn... and we're here to present our company surfset fitness. we are seeking $150,000 for 10% equity in our company. surfset fitness is surf-inspired exercise equipment
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