management and the gap between low we's and home depot has narrowed. >> i'm always long but need some protection in case the china deal isn't as solid as it appears to be. >> blackstone continues to go higher, brian. >> see you back here tomorrow. "mad money" with jim and the market rally begins right now. my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help yo "mad money" starts now hey, i'm cramer. welcome to "mad money. i'm just trying to make you some money. my job is not just to entertain you but educate and teach you so call me. the trade deal matter. i know the chinese government has a history of reneging on all

sorts of agreements but something about this one feels different and that's why the market erupted today with the s&p climbing nasdaq falling .91%. these were closing level highs the question is why does this stage one trade deal feel so different to me? i've been a skeptic. for once we have something that the fepeople's republic needs. pork i think people don't understand how bad this african swine flu epidemic has hit china the country is ill prepared for the scourge. they lost more than half of their hogs to this disease in 2019 unchecked it could be even worse next year because most of china's livestock lives in something called backyard farms.

contrast that to the united states, we have factory farming with e trextreme bio security. you can visit a farm, a hog farm in america we're considered to be big bio risks so we're not allowed to go it's airborne. china has enough frozen pork to tie the people over for a while. the united states is the only country can enough pork production to meet china's need. we got to upper hand it's a real problem in the prc

time is really not on their side they have every reason to follow through this time. not buying our pork can hurt them a lot more than it hurts us they need our pork more than anything including our planes. something to focus on when we hear that boeing will halt the troubles 737 max production in january as we heard this evening from our our own phil lebeau there's too many unknowns for me although long term i remain steds fast that boeing will come through. there's harsh enforcement mechanism that wasn't talked about at all you know that president trump agreed to cut the last round of tariffs in half and postpone the

ones that were supposed to go into effect over the weekend if china doesn't follow through these tariffs will come back to life why are people not talking about how they will come right back n the kmchinese fool around. president trump's tariffs have sparked an exodus of companies moving from china to about anywhere else. the chinese want that exodus to stop the government can afford the wait us out from here to eternity how many times have you heard that they're focusing on the wrong us countries like in united states would shut down their domestic factories, ship everything over to china where it's cheaper to make the wages are much lower now it's the other way around. a few companies have opened new factories here, it's not that really important it's less important than the fact that business is going to vietnam, taiwan, south korea and

america k mexico it's working the longer this exodus goes on, the more -- what's changed in 15 years other than i'm the only person on air sneezes? how do they suppress it? is it something they do? i can't do since the beginning of the show i've wanted to sneeze. you carry a pocket handkerchief they were so eager to stem the bleeding i know i'm hard line on this in the administration maybe i've done more work. once you get real trade deal the positive ripple effects are enormous think about something. i want you to go in the way back machine to last week there was support the credit

squeeze published. apple has been vulnerable to the trade war in theory if not necessarily in practice. also the stock got clobbered it's the same old same i told you this was the classic example of kind of stupidity -- kind of ill informed decision making that makes people not able to capitalize for the gigantic run that apple's had. that's why i urge you to stick with it. repeat a me, own apple, don't trade it once again, the people who tr e traded it, how do they feel today? i know how i would feel. i would feel like, i don't know, the rams

probably go up again tomorrow. the pin action is huge let's go to texas strimts. a serious logic. that makes the sound better. broadcom not to mention micron which supports this week it's fan louse laws. who else wins?

we know some of the retailers have done a great job mitigating t tariffs. kohl's and macy's, the big m, which is why their stocks have been roaring since we learned about this deal. they were pure trade war victims. i didn't say road kill i've been very much an ambassador of good will. then there's the banks in the technology place these companies should be able to start operating without bogus local joint ventures thanks to the strength of these players, everything goes up. i will give a nod to a less inverted yield curve it's a stock that i really like. okay now, then there are the oils

remember, when ever you think that the global economy could accelerate, wall street knee jerk reaction is to buy the oils, any oils the etfs move every one of the oils higher. i continue to favor the stock of slummer. we call it slob 5% yield and they got the money to pay it beyond china there's another set of winners today the the buyers came in they bought splunk they bought coupa. that's bill mcdermott. we just had him on bottom line, it's strange to see the market react so simply to obvious news like the china deal this is a market that thrives on certainty and certainty is what we got on friday evening i say thrive away.

remember, if we get too overbought, we're getting there. i reserve the right to take some profits and wait for lower prices i got it this time mark in arizona. measuring. >> caller: hey, a big booya from arizona. >> what's going on >> caller: a lot thank you for taking my call >> my pleasure >> caller: had a question, it's about company you've talked about on your show before. you had the ceo on there, i believe. it's an international flavors fra grans. -- fragrance, iff. >> yes they're doing this e llaborate deal with dupont

let's wats for the connect offering that's what you had to do. why don't we go to ryan in michigan >> caller: happy holidays. blessings to you >> same to you. >> caller: thank you very much the stock i'm calling about is mcdonald's giving the recent pull back and termination of the previous ceo, do you think now is a good time to own a position? >> i think you would probably want to wait until wendy's breakfast starts and you'll see a lot of kicompetition. they might downgrades mcdonald's i do worry about the wendy's breakfast in some analyst who will get mcdonald's wrong and suggest to sell because the analyst is probably 29 years old and making $2.7 million. the market thrives on certainty. we finally got it.

i'll tell you why the electorate could decide whether the market has room to run against next year that is build.com ipo worth the tab? i'm eyeing the company to see if it's worth to consider should you judge the stock i'm sitting down with ceo, s&p global to find out stay with cramer we call it the mother standard of care.

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does this market have more room to run in 2020? before i say yes or no it's like predicting the outcome of

football season. the game is played with this bizarre oblong ball. it doesn't do what you expect. that's how i feel ant the stock market in 2020 i go to the risk experts to figure things out. no not wall street, insurance risk experts it's the kind of thing you can just up end your life. these risk experts are telling me the same thing. take out some elizabeth warren insurance. don't hesitate if you don't take the insurance, keep an usually high amount of cash on hand when i asked why they are so afraid of warren, they just laugh. they say she's not capitalist. a robmodern day robin hoods tha will rob the rich and give to the poor i have tole yell you, that's historyonic. she wants to roll back parts of

the reagan revolution. don't be ridiculous here i argue pointing out that warren backed off on medicare for all on one of her signature issues she says it's not a first year priority which the president means no priority at all the fear of warren is more about her attitude of any particular policy when i point out she may be moderate than she seem, they look at the way she treated tim sloan, the former ceo of wells fargo when he was doing his best to clean up a problem. they are furious the way she antagonizes billionaires like lee cooperman. beneath the worry there's a belief elizabeth warren is like linen.

i think she wants to turn the clock back to the 50th os 60s. even if she wanted to, congress would never let that happen. why is this bouncing football so important? you want to know where the ma market is headed next year, now need to have a sense of who will win the 2020 election. we can still do well president obama seemed indifferent to stocks but preside over different market even if it start frd a very low benchmark. obama brought in pretty traditional money to turn the economy around when i look at who is running for democratic domination, i think anyone other than warren or sanders will be neutral it's a tie a tie goes to the runner right now the runner is the bull it's easy to do an analysis of where stocks might go under a joe biden presidency because i

can predict what companies will do under biden that's not the size of a football he's more like a basketball. warren is a wild card, a football honestly, it's not even about her. a lot of businesses are just terrified of her and going to view everything she does through an extremely uncharitable lens unless she makes nice with health care, banks and other big businesses, don't bet on it. i think you'll want some cash insurance. whatever you think of her policy, wall street is terrified of warren and anything that scares the market is bad news tr sto for stock prices bad until proven otherwise stick with cramer.

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the average is surging to new high after new high. it's breathing new life into the more abun dant ipo market. the ipo window seems to close in the fall the wework deal imploded right before it could hit the chute. stocks are no longer being buried under onslaught of new supply supply does not necessary beget demand in a tepid market last week the ipo market rose from the grave with three red hot tech deals is this a lazarus resurrection or more of a night of the living dead situation consider last week's best performance, one that we understand under the radar

screen it's a cloud based software company that helps small, immediate ymedium sizes. it makes it much easier to create them. make payments while syncing up with their accounting system and managing their ksh their platform makes paper based processing obsolete. we do everything by paper. this was intriguing because it's getting tiresome to just write things down. i think this is the kind of ipo wall street would have devoured if it come in the first half of the year on the other hand, if build.com has the misfortune of coming public in fall, there would have been very little interest because we have gotten burned

out on high flyers >> the house of pain >> december is looking like the beginning of the year. wall street is getting hungry for new cloud names. so hungry that bill.com had to increase the size of the offering from $8.8 million to $9.8 million this deal was supposed to price between 16, $18. it still wasn't enough the stock price did 22 even with an extra million shares of supply that had also not been happening. you know what it turns out people were right to pay up because after debuting at 22, build.com spiked up to $37.20 when it opened for trading on thursday that was a 69% gain right out the gate on friday climbing under $2. stha that's okay.

even with today's pull back build.com is running up a little too far, too fast for me i think it's worth buying into weakness once it comes down to a more reasonable valuation and it's going to do that. this is the kind of -- this is for real build.com sales over heated, the company has a lot going for it the small, immediate yum size business s a powerful secular growth trend that's definitely early if not any one there's 20 million of these enterprises in the united states alone. they are not well serve bid the software industry which believes in helping out the giant enterprise that we hear talked about. most small businesses still use manu manual systems by going digital they can avoid mistakes and save money. why haven't they all made the

swit switch most sell solutions for consumers or large enterprises but they don't have the niche. the stuff that's designed for the consumers is simple. the stuff designed for big business is too expensive. there's no real one stop shop for the back office of small business they cobble together a bunch of extensive products that's where build.com comill.cn they are tailor made for small and medium size enterprise, not big ones we know this is a terrific concept because the company is taking share and taking names. bill.com posted revenue growth in terms of earnings, company only, i hate to use that term, only lost $5.7 million in the latest quarter meaning they have gotten close to profitability. they are not quite there yet you don't need to worry about the eye popping losses that

scare people, including me away from the early stage cloud names that we had during much of the summer and the fall before things went kerfluy. the company spent a fortune in the most recent quarter. spending was up 112% general administrative up 77%. those are all higher than the company's revenue growth i know that's not a good sign. they are spending to reinvigorate the growth rate that's good if it works. i think it's going to work when we analyze the service, i like to look at them through the lens of the rule of 40 please pay close attention to this it's not hard. it really helps to do apples versus apples. you add the operating margin to the revenue. if the sum is greater than 40, it tells you the company's the

real deal. in the case of bill.com, when you look at 2019 fiscal numbers, it's got 67% revenue growth and a negative 9% operating margin which puts it easily over the thresholds for the latest quarter it sank to 18 and the revenue growth slowed to 57 putting it just under the threshold. i think some of these costs are temporary and will bounce back if they don't then the rule of 40 will make me a lot less interested bill.com has good bloodlines the founder and ceo spent years working at intuit. that's the financial powerhouse we have been recommending forever and reminds me so much of this great company. in 1999, he left form his on payroll service called pay sicksiccycl which he sold to intuit.

it's really good bill.com is far from cheap this thing sells for more than 11 times sales, not earnings. when you look at cloud stocks with similar growth rates which we like and a plan we had last week, we like them they are all even more expensive. they are trading at 15 to 18 times sales. they are trading so expensively. they have been winners because they are growing so fast in short there's a market for bill.com in this environment investors are willing to embrace. as long as they are not too unprofitable uber was up two bucks because they are getting out of some of those businesses like uber eats in india that are losing money the cloud space is fickle. we know sentiment can turn against these names overnight. wall street got more excited about the cyclicals and money matters needed to sell something to raise capital there's not a lot of money

coming in. lately the call plays rebounding like crazy as long as the group stays strong i think bill.com can go higher woints buy it up here. i think you should wait for a bull pack. bill.com is too pricey for me. if it comes down to 32 then you can pounce i'm so sorry if it keeps going higher i have to have some level of discipline bottom line, we're starting to see a bunch of tech ipos sochl these represent piece of high quality companies i like bill.com. it's a play on the digitalization for the moment, i think it's a little too hot you can buy it very aggressively let geese to joe in indiana. joe. >> caller: thank yous to you and your crew. your crew is fantastic >> my crew is amazing. i love them. it's one of the reasons i keep

going this show. what's up? >> caller: my stock has been stuck in the 150s and 160s for quite a while. buy. >> i have a writing partner up the street i mention them both because they are doing a terrific job let's go to ken in oregon. ken. >> caller: yo, jimbo my stock is workday. it's gone down like 30 straight points >> i looked at workday today i said what's happening here i know that it may not care to hear this but when i went over oracle's conference call, they did make me feel like the competition has gotten very steep in human capital management which is a very

important area for workday i still think that oracle is under valued i know it doesn't have the mojo that people like i think a lot of things that are very competitive the ipo market has risen from the grave and bill.com just came public one of the red hot tech deals that i think is worth getting too. much more "mad money." could this 60% move higher this year signaling good things to come for s&p global i'll talk to the ceo red flag or buying opportunity. you must listen to the ceo all your calls rapid fire edition oaf tf the lightning ro.

a truly great year for the s&p 500. s&p global has given you a 60%

gain over the same period. mainly a ratings agency. they also run the old s&p and dow jones indices. they provide money manager with the data and analytic tools to do their jobs. it make sense they would be having a huge year but this has been performing long term, unbelievable what's the success to their success? let's take a look with the ceo of s&p global. welcome back to "mad money." >> great to see you. you've been doing some amaze things last year at this time very tough. things have changed quite a bit. >> this is an kpietsing time to be here. the economy has been moving along. the ratings issue, low interest rates. all of these things have been tail winds at our backs. >> one of the most amaze thing s how prolific you have been with

new indices that are in demand esg, you're the leader, aren't you. >> the investors are looking for new solutions. it had a great start >> how do you make judgments some people feel it's too subjective >> we base it on facts it's about transparency and fact based analytics. we added a couple of companies to our portfolio we bought true cost. it's the best company. we just announced we will be buying esg ratings business. we're bringing in the right portfolio but it's about facts and transparency >> you have done some amaze

things with this acquisition of kensho you talk about the different -- you rate the words within a conference call. that helps people make a decision >> this was something where we took -- it was one of our internal teams, the data scientists they looked at all the transcripts and started to listening to words that are positive words and negative words. we built something called tda, textual data analytics and gives you a little meter is it green or red is it positive or negative how is the language in the prepared remarks versus the q and a? does the company prefer to only let them have positive views is ask questions or everybody >> i've been watching and reading these ever since they started. i read this in your conference call i said, holy cow i'm doing it all anecdotally

this is a brilliant service. >> it's something that our team built. they are excited about it and we seen really good response from the investment community >> incredible. china. you're moving there and every one is run fning from china. you're doing more to understand and makes china transparent. >> we believe the chinese financial markets are go through a really dramatic reform they will need the analytics to support that transition. we're on the ground floor with 100% owned rating agency >> amazing >> that's one of the indicators i'm watching closely there's a few banks that got there. there's a couple of different asset managers that are starting we were one of the first ones. i think this is really the

beginning of an open financial system >> debt coming due gigantic amount. that's good for you. >> next five years there's a very large amount of debt on people's balance sheet will be maturing the interest rate environment is very aattractive spreads are very tight >>some people on twitter asked about whether there are people aggregating auto loans and whether there's something worried about there's not a lot of rigor >> after the financial crisis at our rating agency, we looked at the different criteria and practices to ensure when ever we secure it, we look to the underlying quality of the loans themselves do we include loans that were cash based buyers, et cetera we have eliminated those kinds of practices and so we're

watching this very scacarefully. it's on our list of areas we're watching closely >> good. your credibility is so high you could do a lot you're even looking at things environmental and how important they are it's a lot for cruise ships. >> there's something called the imo 2020 it's change in the rules requiring shipper bunking fuel to reduce the amount of sulfur or put scrubbers on the ships to reducing on sulfur we have through our business, put in place a new assessment that's called the 0.5 bunker fuel we're out there ensuring they will be ready to change those rules when 2020 rolls around >> you're even doing lng you're doing work with lng to be sure the ratings for that. it's one of those markets that is really critical transition fuel it's a lower component of carbon

compared to fuel oil or other types of coal, things like that. >> you're remarkable you've done unbelievable things. congratulations on all the way you've taken a very kind of stayed organization and putting rigor on so many industries that didn't have it congratulations. >> thank you so much >> that's doug peterson. "mad money" is back after the break. - [spokesman] if you've tried college but never finished,

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it is time it's time for the lightning round. then the lightning round is over are you ready? matthew. >> caller: thanks for taking my call i bought boeing stock at 264 in

april. given the good, positive and the bad, what can you tell the value of the true stock is >> i think the stock probably goes to 300. it's so hard it's boeing. it's not in boeing's hands when a company does not have its destiny in its own hand, it becomes the arrows and slings of the market i think you can still go lower bob in pennsylvania. bob. >> caller: hey, jim. fly eagles fly >> yeah. i hope that dak is not listening. what's up? >> caller: dexcom. >> i like what they're doing to tie with lily. we've been liking dexcom let geese let's go to sofia in florida >> caller: this is brandon sofia's father and she's got a

question for you >> sure. >> caller: this is sofia, let's talk about the small toy with the big head and the big profit. >> i keep wondering when it's going to move. people hate the stock. it's really unfortunate. does that kid have sense or what the kid has horse sense. >> caller: i want to know your thoughts >> i think that lattice is a winner >> caller: hey, cramer i'm going to keep it real

lightning for you. >> bristol meyers is what i call an up stock. i think he lays out a position that can take the stock to $70 that concludes the lightning round. ♪ ♪ ♪ ♪ ♪ when i lost my sight,

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high quality companies make ipo window slam shut take lovongo they use smart devices to monitor your data. they show it to doctors and give you advice to live a healthier life livongo is growing like a weed it plunged all the way to 15 and changed at the beginning of october. it's made a remarkable comeback surging to 26 and change as of today. is this stock gotten its mojo back let's check in with glen he's in the health care business the founder and executive business of livongo health

welcome back to "mad money". good to see you, sir >> good to see you >> i read the document and watched the video and the first thing is why didn't i think of this isn't this what the health care system has been crying out for >> it really is. when you think about health care today it's all about chronic conditions it's 90% of the costs. >> 90? >> 90% of the costs in health care it was about how do we empower people with chronic conditions to live better and healthier lives like you were saying that's what we do. we use connected devices we use a lot of data science it's a simple formula. >> what makes people do the right thing if they weren't doing the right thing after all the things we read about which tell you what to do. >> what we have done is made it easier to stay healthy

the problem with health care is that people have tried to bribe people instead of saying let's create a valuable service that people want to use. if you think about how the company has been organized, google came along and said you can get information 24 by 7. facebook organized and organized content. facebook organized community 24 by 7, you can find where somebody is. then amazon came along 24 by 7. right at your fingertips you're in power. you're in charge you had content, community, commerce and now livongo is doing it for care. 24 by 7, connected, providing you with the information, putting you back in charge >> what do the companies think about this when they bring you in >> companies love it we do three things that matter the people love it, our members. they really love it. our net promoter is in the

mid-60s in an industry where zero is good second, we're able to actually show outcomes. clinical, sustainable outcomes last but not least, we save money. almost $1900 annually per person with diabetes or other chronic conditions >> now we're think about hypertension which is just -- that kills people and yet people is preventible >> it's manageable and preventible but it's manageable. we're dealing with people who have it and the beauty is now 20% of our revenues are coming from our other we branched out because here is an interesting stat. 70% of the people have

hypertension now you described the platform that makes it easier for companies to make thedecision to keep their people healthy >> one of the most forward looking retailers, cvs has completely brought into livongo. >> the two largest pbms out there, cvs and you talked about that they have our whole suite and we announced express. we're not only in the 360 program that's focused on risk but we're preferred on their digital formula.

>> we didn't like a lot of the ipos is 20% of the fortune 5050 use you. what do they say is why we shouldn't use livongo? >> our competition is the status quo. the programs aren't working. they should know that. we're engaged with 80% now we're talking to them one way or the other. that's one of the areas driving our growth which is growth in the commercial self-insured employers. now it's spread. you mention the two largest pbms u notary public we have more than 20 large payers and the large payers are coming to us to say don't carve this out let us resell it for you

now we're going into the government we signed our largest deal in the company's history. $5.3 million federal employees now have livongo ha as a covered ben fits the percentage of those people who have diabetes -- >> knowing the system better than anybody this is terrific we know glen history of doing things right mation. flying south for the winter. they never stray from their predetermined path. but this season, a more thrilling journey is calling. defy the laws of human nature. at the season of audi sales event.

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so it's simple and transparent with a new level of privacy and security. it lives here and here- on your iphone, and it will save you 6% on holiday gifts at apple; like iphone, apple watch, airpods pro and so much more. ♪ apply in as little as a minute, right in the wallet app. boeing is our greatest expecter it's a blow they have all the max 737 production this was pretty much in cards because it's not up to boeing. it's up to regular i'm jim cramer and i'll see you tomorrow

>> narrator: in this episode of "american greed"... kenneth ira starr is the money manager to hollywood's a-lists. >> among his past investors, annie leibovitz, martin scorsese, sylvester stallone, wesley snipes. >> you know, the names just went on and on. >> narrator: starr woos potential clients, but he doesn't stop there. >> ken wanted to be his clients. and he used my mother's money to purchase influence. >> narrator: he steals $30 million to buy his way onto the a-list and live in the lap of luxury. and it's all in the name of love. >> you know, when your money manager starts going out with a stripper, that's a tell.