the -- adam. >> der. >> dirkp show you folks at home somebody for everybody just saying. >> final trades, please. >> ttw had a big day and lousy . >> 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. "on the mone -- "mad money" starts now hey, i'm cramer. welcome to "mad money" and cramerica. my job is not just to intertain but to educate and but teach us so call me or tweet me at jim cramer you might think this whole market is hostage to the trade negotiations with china. i mean that is certainly how it feels after today's bruising but

the dow plunging 280 points and s&p 500 down 6% and nasdaq down .55% but that is not true if the trade war were really all important, the averages would never have been able to surge to record levels over and over and over again as tense as negotiations may be it is more of an issue than most people seem to realize if that is the case, what just happened over the last four days why is the action suddenly become to frightening? what does it mean for your future and your portfolio? you have to think about larry kudlow, the chief economic adviser and steve mnuchin and thought china would be willing to open up the economy to american financial companies if the president would give them a stay of execution on the scheduled december 15th trade hikes. but the hardliners in the white

house, no, they warned us. they warned that if the free traders kept talking up the prospects of a deal the chinese government with push for better terms. that is thur style we've seen this before every time trump seems willing to agree to something they try to move the goalpost still for a while the president seemed quite taken willing to side with the free traders and spoke positively and the stock market surged again. some people think it is manipulation, it is the way it is we've seen this before stocks rally from the cease-fire and rug is pulled out from under us and we get back those gains this time it is harder to tell who is at fault. our government passed a bill imposing sanctions for the crack down in hong kong for democracy and suddenly china was no longer wanting to ask for tariff but they wanted a roll back for tariffs as a condition for any deal and that is what the hardliners predicted would happen so the president struck back

first he bought -- brought back the tariffs on steel from argentina and brazil and any country we don't have tariffs on is a country china could use as a middle man second, trump decided to throw a real roundhouse. it is better to wait until after the election to make any agreement with the chinese at all and that is what the average today but i've been telling you shouldn't get your hopes up about a deal because the two sides are simply too far away from each other. the seven deadly sins i talk about which is far more difficult than just buying some soy or making it easy to have a bank or a business in china. the thing is, despite how it is portrayed in the media, the chinese community party, news flash, is just as fallible as any other political organization at the end of the day, they're human. they make mistakes they make misjudgments they have a tendency to be overconfident. this time i think the chinese government really overplayed its hand

they were betting that president trump would be willing to make a deal thanks to the impeachment process. no serious person in this country believes he'll be removed from office but it might hurt his reelection chances. china was hoping for a victory before the election rolls around and trump just shut that down. i also think china is unds estimating the common ground between trump and his opponents on this very issue biden would probably end the trade war. but warren and sanders, they might be even tougher on the chinese than trump so the possibility of a stalemate on trade for the next year or even longer is a very real one they are very anti-call and china decided we need all of the call we can get. all of the news broke in the last couple of days. wall street was skeptical that trump meant business and maybe he wasn't going after china when he put the kai bash on brazil. the comments were a little off track but this morning at 4:00 a.m. the people i call pajama

traders and those who trade in their pajamas -- they started feeling bullish. saying the future is higher giving the appearance that me might have a rebath. and then the president made a comment at 518 home run :18 tra- and right in front of the french president doubling the import on cheese, wine and fancy goods because they believe they could tax american companies with impunity and the whole market rolled over. okay, that is a history. what happens now simple we have to remember not everything is on trade we seem to forget that it is a common retram from the mainstream media plenty of companies will do just fine if the tariffs stay in place forever and there are things going right including getting business out of china. first the united states is a service economy close to full employment and when you get service and full employment you get a lot of sales, and a lot of

money. particularly in housing. second we have powerful secular trends like digitization and we'll talk to salesforce later and when tariffs goes up bond prizes rise and when they go up the yields go down and then money flows into higher dividend yielding stocks. for some of the retailers are so powerful they could squeeze even their china overlord so to speak to keep prices down. if you have enough scale the tariffs don't matter go ask walmart or amazon and they'll tell you and when you look at the industrials they are less important than they used to be which means the tariffs can't hurt us as badly as might think. china has been great at destroying american manufacturers they've created a war where the united states doesn't have that much industry and capitalization left to lose. it hurts china a lot more than it hurts us and the longer the talks go on or drag on the more

business you see taken out of china and going to the philippines or indonesia or vietnam. going to thailand. going to india so then if that is the case, why can't we shrug off the trade talks entirely mostly tech. we have immense technology companies with tons of business in the people's republic including apple. apple stock could somehow crash if china decides to go after them has been a major theme of all -- on every one of the down days even as the stock rallied more than 100 points as people started fretting about this but what happens here is they bring everything down. and then the stocks that don't have anything to do with china bounce back but tech is getting slammed and that is the real issue we face right now. i think that we'll eventually create fabulous discounts we're not there yet. bottom line, the market is slow to figure out the positive and very fast to figure out any negatives from the trade war which is why we have days like today and we could have more

faux f.a.u.x jim. >> happy holidays. >> i'm calling about your take on cvs stock i know that star board has taken a position there and i think i feel that cvs is a well run diversified company it is one that is not subject to the whims of trade tensions, tweets, et cetera. and at this point i'm wondering, gee, i've done very well, it is on a tear lately. >> right. >> should i take some chips off the table, should i maybe or should i just -- >> it is among my if not the largest position for my charitable trust and we sold some today because it is straight up and it was up yesterday again and you know what, bulls make money. bears make money well hugs, so wait until it comes down and don't buy any here and if you want to do a little -- it is okay

marvin in florida. marvin >> yes. >> marve, you're on. >> okay. how are you doing, jim >> doing well, marve. >> boca raton, florida >> how can you not like boca raton. >> i love it i tell it is like a wish that i left, believe it or not, i left albuquerque, new mexico to come here and i love it is very healthy and i just -- by the way i just turned 80 >> huh incredible how about a stock. >> okay. it is called canopy. >> yeah. >> and it is up 3% today and in a down market. >> well, look, this stock is dramatically oversold and has a huge amount of cash. we did a piece that said you have to go into strength and lighten up why isthat because the industry is wildly oversupplied with cannabis now that doesn't mean the stocks

can't go up and this is the consolidator and could we see who the ceo is before we take action and i'm like you like boca but albuquerque seems like six half dozen frankly to donald in new york. >> happy holidays. >> same. >> jim, i'm a little turned dividend income investor and most of my portfolio is made up of dividend aristocrats but i'm not trying to catch a falling knife but lately i'm falling it difficult to resist the dividend on macy's with the $20 billion in real estate. >> right. >> what are your thoughts. >> i think that is an overvaluation of real estate the same problem with macy's, if you don't have any growth no one cares about the dividend or like the capitals so they have to demonstrate growth before i want to buy that dividend and they have not so therefore they are in the -- and i can't recommend the stock. but i do want to go to mike in

ohio mike >> booyah, jim from cleveland, ohio i want your thoughts on ups. it is a great -- >> i like ups. i think that quietly david abany will build up the infrastructure needed to handle cyber monday, tuesday, wednesday or whatever and i think it is the stock to own. i've been a big fedex backer but i have to believe he has done what is right and that is the one to own remember, not everything is hostage to the trade negotiations the lack of a deal is going to create some buying opportunities, i said that yesterday. and i said we have to come down but you know what, we're getting there. we're getting there. the real issue is tech the trade uncertainty is a head wind for that sector particularly for apple because this is the one everyone thinks has to crash except for me. remember i say own it don't trade it "mad money" tonight, do you feel like it is time to throw in the

towel. not so fast. don't make a move until you hear my take. i'll talk to the ceo and is coupa the way to play the cloud. it is a cloud print and it is become more of a pauper lately i'm not sure that is correct i'm going to talk with the ceo so stay with cramer. >> announcer: don't miss a second of "mad money". follow @jimcramer on twitter have a question? tweet cramer, #madtweets send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com. when it comes to using data, everyone is different.

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when you see the market get scheme rolls like this i know what you want you want to feel like running for the hills. why bother why try. why not sell everything. because if do you that you might not be able to get back in at a lower level and it is possible that that moment will pass and you'll experience social mores and down 1687 or 2009 or 7, 8,

so, let me give youa any term. jp morgan calls sellers who get short or loud armageddonists and they are going to the football game and when theer losing they are heading to the parking lot to beat the traffic and they feel fabulous that miss the beatdown and then made it home early and then the early birds declare the fun is over forever. what is wrong with that way of thinking if you believe the market is lower just dump everything before it gets worse simple october of '87 the weeks leading to the crash took the dow from 2600 down to 2200 okay going into the crash i've been shaking and watching the stocks tumble that i liked right there. i got out alive and sold all stocks and had just 100 puts in

johnson & johnson and that is just insurance that i had blown out of this week because of the fear i had no stocks right here yep, i sold everything right before the crash of '87 and it may look like genius when the market plummeted like this not only did i have zero exposure against j&j and i lived to tell about it and it's a win. why am i telling you the story doesn't it undermine my point that it is a mistake to sell everything here and foolish to be an armageddonist. let me tell you, there are a half a dozen high-profile money managers told them to get out here and they lived off of it for weeks and then months and years because reporters are suckers for bearers. i got back in. slowly al know in retrospect i didn't go fast enough any faster and i worried about being a foolish adip buyer who

jumped in ahead of the recession that the market was signaling. a recession that never game. what i can say i'm a pragmatist not a bog mattist. a year later there were more bears even as the market clawed its way back back to the back where if you bought of the most active stocks on the friday before black monday, well, guess what you would have been up for the year the worst day of the year and worst day maybe of our lifetime and you made money when you make a brilliant sell call it doesn't mean it is over for ever the other money managers who nailed the crash and stayed negative they faded into obscurity because being a armageddonist is a bad strategy. take a moment because you feeling it gos lower unless you're nibble enough to get back in enough at lower levels you might not be able to get back in except for higher than expected prices let's go to matthew in missouri.

matthew. >> hey, dr. cramer matthew hear from kansas city big midwest booyah, shell me daddy from the -- >> what's up. >> yesterday i -- wednesday of last week and 27th and caught up on yesterday's show about vix which you predicted the market sell off today but back to wednesday you mentioned to do your homework by damaged stocks and not damaged companies but my question is assuming you've done that homework on your bull pen stocks and willingness to take profits and play long gameond selling stocks and my question is what amount of cash and or percentage of cash in your portfolio would you retain for cost averaging if you believe the homework on the stock and the company is solid was damaged due to speculation tweeting and hyper trading or whatever it might be. >> you just declared what i want i want some cash we raised about $350,000 for my charity trust and sending out

negative bulletin except a couple of bull stocks and i think once again it is very right and i'm glad you called attention to it and i hope other club members realize that. steve in california. >> jimmy, hey. >> what's up >> it is a little early but happy hanukkah. >> oh, same. thank you. >> i want to ask, if we're in a stock and unless it has a big dividend, if it doesn't beat the average it might be in the index fund a month ago waste management went down and i bought it and the market since gone to all-time highs and waste management is going sideways and down should i be in an index fund or stay in waste management >> no. look, i remember side-by-side. i like index funds and individual stocks. think it is important and waste management is going down because the chinese aren't going to buy our waste. it is a construction play. it is not a recycling play and you buy some lower jim fish, total confidence

buy it not sell it tape it ugly i get it but panicking not a strategy and i don't want you to head for the exits and you might not be able to get back in and it is possible that this turmoil will pass and we'll see more gains ahead eventually much more "mad money" ahead including my exclusive with sales force ceo and why is the stock down then after today's drop look for companies that could be worth considering during the cooling off period i have one up more than is 100% and coupa software i'm talking with the ceo of ppg. so stay with cramer.

a couple of weeks ago we went out so san francisco for sales force dream force conference and the king pin told us a great story and that is why it is terrific performer and then a strong quarter with a piece of hair on it and it was looking for 67 and sales were come in higher than expected and billing is excellent but the revenue forecast came in light and same with the earnings something i warned you could happen and that is enough to send the stock down after hours as i predicted this is a classic underpromise and overdeliver for a company with a company, give them some benefit of the doubt given how much the stock went into the quarter, people want a

profession it wasn't perfect but in the long-term it is amazingly strong don't take it from me. let's dig deeper with mr. block. >> it is great to be here with you. >> we have the usual dichotomy at first it was a blow out quarter. much better than expected. 75 versus 66 cents so give us the components of where you really hit it home in the verticals since we were there last week how much are the voice einstein that was so excited. >> it was a good quarter and we have 34% growth and guided to $17 billion for the year which is absolutely amazing. and at dream force and you were there so it was a super exciting time we said that we could double the company again in the next four years over $34 billion it is exciting time with what is going on and this is being powered by digital transformation and we see it all

over the world in every segment, in every industry, in every geography and i had a great conversation with the ceo of one of the largest industrial manufacturers in the world just last week before thanksgiving and we were talking about how organizations have grown up traditionally over time. and you think when kind of an inside-out product inside to an out market mentality and it creates organizational silos, data silos, technology silos, cultural silos business model silos and in our conversation we talk about the power of digital transformation and what does that mean because it is all about the customer now. and so we want to be able to take the customers that we're advising and talk to them about turning this from an outside-in view customer first all the way back from the experience to the supply chain and that is the importance of digital transformation and in the digital

transformation. >> now -- >> go ahead. >> who is transforming in a large way and the reason i say that is because the last three times mark is on the an conference call and he said the biggest transformers are and giving us eight figure wins but i never get to ask you about it where people are realize eight, nine figure deals who need this transformation. >> there is a lot of transformation going on in the world. and again this digital transformation is based on technology and that is lift and shift and infrastructure and how do you take advantage of the technology the second is really about cultural change and organizational change. what are the work force implications and how do you scale the work force and the third is the business model change what are you going to do to take something and turn that model from customer experience all the way back to that supply chain. and it is very, very important and when you think about these great wins that we've had in the quarter and so many great wins and you think about companies or organizations like the veterans administration this is one that is near and

dear to my heart so this is an organization that is now one of our top customers and we're helping them fulfill their mission which is very important. taking care of the veterans who have served us and now this is an opportunity to serve them. >> right. >> so that is another exciting opportunity that we've taken advantage of it. >> i want to be a little too granular maybe you could argument but people are saying for next quarter you've been guiding 62 and now you're guiding down to 54, 55 this is the kind of nonsense i've seen with salesforce right about a breakout so i need to know, was there any delta actuality in this quarter to made it so you guided down from the next quarter from what you were supposed to >> no, jim, we have a strong track record we're the fastest growing software company in our size and scale and doubling the company in the next four years we've guided to $17 billion. so there is a lot of great opportunity. digital transformation is everywhere and companies are coming to us as the trusted

adviser and it is an exciting time to be in the market. >> and it is good and you have the long-term view but i asked about the next quarter which is what sending the stock down from 164 down to 159. if i myself jim cramer have drunk the cool aid of salesforce and only care about the next five years then i suck and i don't. so i want to know if there is anything going on here that i should know? >> no. jim, we had a great quarter and we had a lot of success. our business looks strong in the fourth quarter and looks good for next year and in a great position to advise the customers and that is what we see every day. >> and you buy tab low and they have the roll up and they buy mule soft and they buy e. t. and now this tab low they just keep buying because they don't have growth and all they do is raise price now this is the new knock on salesforce i did not see that at dream force but i'm giving you the new knock. >> well, let me tell you about

innovation and things that we are excited that happened at dream force. we've been talking about the customers 360 and the importance of providing that 360 and single source of truth which is the holy grail in our entire industry we've been talking about this for 30-plus years. and now sales force is in a position to do this. nobody else in the industry could do this. that is why companies are coming back to salesforce she want to -- they want our advice and play that role of trusted adviser to ceos and senior executives. einstein voice and imagine having a personal relationship, a voice-based relationship with einstein to talk about your sales experiences or your services experience or your marketing experience so there is a lot of innovation going on whether it is organic or whether it is inorganic with things like tab lieu and mill soft and mill soft has been a successful acquisition and we've seen great success and res on ated with our customers, it is a huge part of the digital

transformation and the way we've made that run and be so successful is exactly what we're going to do with tab low and at the end of the day the ideas come from customers so there is plenty of innovation going on and the customers are happy and the eco-system is happy and our partners are doing well and we're serving the market and the customers with the digital transformation. >> last question you do put out a report about holiday season is going. it seems pretty gigantic online. >> well, it is been a big week it is cyber week we had over 32 million orders. >> that is huge. >> and another great example of customers coming to us at salesforce for the digital transformation and being that trusted adviser, it is a great example of what is it going on and the innovation in the market place. >> thank you so much co-ceo of salesforce let see what happens with the guidance "mad money" is back after the break.

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the amount of student loan debt i have, i'm embarrassed to even say. we just decided we didn't want debt any longer. ♪ i didn't realize how easy investing could be. i'm picking companies that i believe in. ♪ i think sofi money is amazing. ♪ thank you sofi. sofi thank you, we love you. ♪ okay whenever the market gets hammered like this, you're going to get buying opportunities. some of them are more obvious than others. take coupa software, the company that helps businesses identify cost savings and i know it

sounds boring but they call themselves sales force of expense management and they are. and coupa put up a good quarter and they sold and it was down 5% and that was crazy and stupid because the company delivered a 14% earning beat higher than expected sales and management raised the forecast but the market didn't care eventually the stock -- say the market came to a census of stock closed up 27% but it could have been up ten. don't take it from me. let's check in with rob bernshteyn welcome back to "mad money." >> great to be with you. >> there is a lot of difficulty and people understanding why their stocks are guiding up or how well they did. yours was the most massive beat that i've seen and particularly i'll mention one, better than expected $22 million versus a $2 million consensus and more than 50%.

how are you capable of doing something that is prosaic and boring as procurement? >> well, jim, look, whether economic times are good or bad there is one thing you can control and that is your spend and our customers doing that to the tune of over $1.5 trillion globally and growing rapidly and through the customer advocacy and through the reference ability and taking it once customer at a time and the customers are letting others in the industry and others in the function know about the value we're delivered through the growth we've been able to sustain over ten years of rapid growth and thoughtful expenditures on sales and marketing. >> this is not one of the overnight successes. you've worked hard last time we talked about how much opinion ppg saved and i know you spent a lot of time with bmw, a gigantic automobile company that must spend and spend. what are you capable of doing for them >> we're proud to have earned

the business of bmw. we have other automotive companies and toyota and audi and rolls-royce and others but they are a recent customer of the coupa community and we'll help them source contract capabilities and apply information to their procure pay processes and get arms around the categories of spend and help the end users and prioritize where to save and hopefully over time help them save tens or hundreds of millions of euros over the coming years. >> there are other companies where it seems -- this is all congratulations by the analysts that sometimes when people hire you they save a million dollars instantly. how is that possible >> we've aggregated buy side command and we've negotiated across a whole host of commodities so the minute they become a member they have a access of preferential

suppliers. they could take advantage of them and choose to use their own contract or do what they like and many choose to take advantage and get value on day one. >> so people tell me, jim, what is this coupa cabana and is it copa it stands for something. run it down. >> it does stand for something these are our visionaries. the c stands for comprehensive every area of business spending from procurement, invoicing and payments sourcing, supplier risk management and help companies get their arms around all of it. the o. stands for open a very different spirit of interaction. in our industry, i've been in it for 26 years it is not known for having an open spirit for customers. a lot of demos and customers don't feel technology works for them and we make sure every customer gets value and that means an open spirit of exchange from day one the u. stands for user centricity the only way you could get spending management is if your end user all over the world from the high-tech companies like snap to spotify to financial

services companies, blackstone to black rock, ground crew at united or american airlines, they have engage with the solution so we're helping get massive spender management through focus on simplicity and user centricity. the p. stands for prescriptive this is where our customers benefit and let them know these are suppliers to stay away from and they are not delivering well and trustworthy and not shipping on time and overinvoicing and the a. stands for accelerated. going live three to four months and big enterprise and global deployments in eight months and with every one of these we learn and get better and better. >> so let me present because it is hard to rebut the presumption of wanting to hire you i'm sap, and i'm bill mcdurham and i'm oracle and c stands for -- i'm going to do the same thing. why can't oracle sap mimic you

>> well the first thing i would say this is a huge adjustable market over 50 billion by our calculation and we have a lot of marquee customers all over the world and we're still early. but we're not a products company. first of all, we're obviously a cloud company and you understand that but we're a value as a service company so we're delivering value through the use of our best practices and our technology and if those companies can overcome the classic innovators dilemma and enter a true cloud value as a service approach that we're taking, perhaps we'll see them in the market >> it is currently working, the acceleration is beautiful and i'll congratulate you and i talk about companies like service now and adobe up and coupa up 131% rob bernshteyn ceo thank you so much, sir - at southern new hampshire university,

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are you ready in we'll start with tim in alabama. tim? >> yes, sir. thank you for taking my call. >> absolutely. >> my question is about novo cure limited symbol n vcr i've owned the stock for four years and it is increased nicely but my question is with the company success and strategy with opportune and i would say it is pipeline of other innovative cancer treatments, do you see it as a buy? >> yes it is a buy and i've been liking it since $17 levels since we had the chairman on repeatedly and i don't want to sell it. jack in new jersey jack >> what doing buddy? jim, i'm in the telecom industry and sending out new contracts to my clients for different vendors and i can't believe how many will complain that the vender paperwork is not documented and i bought the stock, cutting

waste and but the main reason why i bought docu sign and it hasn't happened yet like salesforce or microsoft could buy them out. >> don't buy stocks with take over but i do agree and recommend the stock. let's go to tom in texas tom? >> caller: hi, jim, how are you. this is tom and i went through a divorce a year ago and left me financially strapped but i'm coming into some inheritance so i basically have a two-fold question one is i want to put a portion into an index fund so what is a good index fund. >> okay. >> and currently i had a large stake in treer, symbol mo. >> i like the vanguard that is what i'm in so i mention that one that is the one i'm in on the street i would say that

and mo, no, we're not recommending them. it is too heinous. i tried with that for a while. no please don't buy their stock. okay they don't deserve your money. lucas in minnesota lucas. >> caller: a snowy and bearish booyah to you, jim i'm calling because due to the boomers selling and the millennials buying i'm wonder what your thoughts might be on zillow -- >> i like the last quarter and i was suspicious but it is working for them and if you like housing go buy the stock of lennar which is a better and purer play sorry about the vikings last night. i hope cook gets better not because he's on my fantasy to benjamin in new hampshire benjamin >> caller: cramer, how is it going, thanks for having me. >> my pleasure, what is up. >> looking to see your thoughts on square with jack dorsey heading to africa for six

months. >> i thought that was novel and unusual and i'm still trying to get my arms around it. fortunately we did have the terrific, terrific cfo on when we were in san francisco and i feel quite good about the company in good hands. i do think the stock is undervalued. jack wants to live in africa for a while, god love him. i saw him walking around in sandals and it is a cold day the stock went up 30 points so anybody in sandals buy the stock. gary in indiana. >> how is it going this is gary out of columbia, south carolina, on innovative and industrial companies iicr. >> cannabis, cannabis, i'm tired of cannabis. they could burn all of that cannabis in the warehouse and all is it would make people high for a couple of days and that ladies and gentlemen is the conclusion of the lightning round. >> announcer: the lightning round is sponsored by td ameritrade

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the amount of student loan debt i have, i'm embarrassed to even say. we just decided we didn't want debt any longer. ♪ i didn't realize how easy investing could be. i'm picking companies that i believe in. ♪ i think sofi money is amazing. ♪ thank you sofi. sofi thank you, we love you. ♪

how worried should we be about the cyclical stocks now that a trade deal with china is looking less likely. this group experienced some amazing moves during the third quarter thanks to assistance from the fed and a better than feared economy but can they keep climbing consider the case of ppg a chemical company that makes coating and paints and for years it was trapping bouncing between the mid-90s and 120 but a couple

of months ago it broke out of the range climbing to fresh all-time highs even with the mark getting hammers it is only down $3 from the levels so it is time to ring the register. let's dig in deeper with michael mcgary and get a better sense. mr. mcgary, welcome back to "mad money." >> it is great to be back. thanks for the invite. >> michael, contrary to most of the companies i deal with you see green shoots in places they haven't seen and in particular you saw some amazing growth in china and autos. i would love to hear something positive everybody is so gloomy you told us on the com tell us the greatest. >> we're seeing green shoots out there, they made the emission changes on the engines and now they've got their engine problems behind them so they're starting to up their production rates and we're starting to see

that and we're also starting to see i would say firming of the bottom in china right now >> and that is whether we have trade talks, no trade talks, 2020 deal, no deal, that is just inate business that you have >> well, i think that we've done -- the team has done a lot of good job of taking costs out. they've been able to grow in this difficult time. and at the same time we've been able to raise prices so if we got a trade deal it would certainly be a nice kick to what we're doing in china. >> now i think that what is most significant is that you maintain the optionality to do m&a and i found this is a second quarter in a row that you didn't buy stock, first time in seven years. to me that implies you are on the hunt for something and every time you've done a deal it is very additive. >> well, jim, as you know, we've been a very inquisitive company. we've even done five deals in the last 12 months so we like doing deals it is better for our shareholders and buying back

stock. but we're not going to let cash sit on the balance sheet so if we don't see something we'll be out there buying back stock but right now our pipeline is pretty active. >> but i do want to make it clear to viewers who love dividends that you have always paid a great dividend. that doesn't change whether you buy back stock or not. >> no. i think we're on year 47 in a row of raising our dividends we've been paying dividends since 1899 so we're definitely a dividend aristocrat. >> there are a couple of things that i like. and i see trends that don't seem cyclical the move out of plastic to can is real. people want to find something to be able to make it so they say i want to go green and stock that goes green, this shift is very real for you guys, right >> absolutely. as you know we're big in the packaging space, the second largest producer of can coatings all of our can coatings customers are very bullish about

the shift out of plastic and into aluminum. i think the stat is around 75% of all aluminum ever produced has been recycled. and so this is a very sustainable solution and we're going to coat all of those cans >> aerospace is a winner despite boeing there is still demand for codings? >> well our aerospace business is winning in every sector, whether it is paint or canopies, transparency for planes or sealant and adhesive, that business is firing on all cylinders. we're growing twice the rate of the market mostly through new technology and that will continue >> okay, now away from china, you do say, look, auto is weaker, maybe seeing some bottom in the united states but what i find most exciting and i've gotten acquired with this story about tesla. and the ev, the electronic volt battery. it seems like to me that because of the -- let's say the slush in

new york city today, this is not california you need to coat those batteries and coat those batteries so the salt doesn't erode them. isn't that a natural place for ppg? >> well, jim, what we say is electric vehicles take two to four times as much paint as a traditional vehicle. so you start with the pre-treatment of the box, then you electric coat it and then you have to have a sealant adhesive close that enclosure and then on the inside you need protective coating to keep from having what we call a thermal event which some people call a fire and then we're working on binder technology as well as gap fillers in the batteries as well so whenever electric vehicle comes, we're going to have new technology and we'll have a lot of new wins in that space. so we're pretty excited about electric vehicles. >> do you think that that is something that will happen within the next five years or am i dreaming it is shorter than that >> well, i think it is going to be a slow ramp because one of the things they have to do is sell the cost problems and that is why we're so excited about our play in the

binder technology and the an ode and cathode and we have trials going on in china and the u.s. and trials going on in europe as well on new battery formula to help them up for productivity. >> and i spent a lot of time in mexico and you have a huge business in mexico and it seems booming to me. that was a great acquisition how is that doing for you? >> it is been unbelievable, jim. it is been growing every year. we're going to have another record year this year. when we bought the business we had about 3,800 stores and now we have 4,800 and added 90 store this is year and add another 90 stores in the fourth quarter alone as you know from your home down there, christmas is a big time for mexico and we're really excited about our mexican business it just it is hard to imagine but every year it keeps getting better and better due to great

leadership and great technology. >> well, michael, congratulations on being one of the strongest cyclicals that i follow becauser not a cyclical thank you for coming back to "mad money." >> thank you very much, jim. >> guys if you are looking for a company that has great growth, in a time when you are not supposed to expect it, partly sunny -- it's ppg. stick with cramer. , your backup tablet, and... woman: anything else in your bag? ...whatever that is. (beeping) this isn't working. introducing samsung mobile workspace solutions. with the galaxy note10 with dex software, you can run your entire business on the one device that does it all. samsung business solutions. 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.

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as i predicted cloud stocks under pressure and reporting good quarter and stock goes down and sales force bouncing wait a couple of days j&j said again there was no as best os. the stock is going up. the [ inaudible ] will soon answer and tell you there is asbestos in the talc because that is the way business of the plaintiffs bar is. remember, no sin, it is what they do for a living there's always a bull market somewhere and i promise to find it for you right here at "mad money. i'm jim cramer and i'll 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." ♪ a stay-at-home mom who began her business in order to support her family. ♪ my name is kiersten and i live in los angeles, california, with my husband and my 12-year-old son and my 8-year-old daughter. i left my job to stay home with my kids, and then my husband lost his job, and so we desperately needed something to help pay the bills.