the show taking big volatility and play for earnings >> unh reports before the bell buy unh post earning release. >> great hoe at always a big west coast "mad money" with my mission is simple, to make you money i'm here to level the playing field for all inors. there is always a bull market some why, i promise to help you find it. "mad money" starts now >> hey, i'm cramer welcome to "mad money. welcome to the west coast of krayemrica my job is to entertain, teach it, put it in context. call me or tweet me. today we had so much good news that it was almost overwhelming. at least until we heard chatter that white house may keep the tariffs on chinese goods for another ten months

the averages gave back their gains. the s&p declining. nasdaq dipping .24%. there is a lot going on here i think even the tariffs on until china actually follows through with its promises since they double-crossed us so many times makes a ton of sense it should have caused a rally, not a selloff. but maybe i was some sort of weird mistaken reason to take profits. first, let's consider how much good the trade war may have accomplished in our country in a short time tomorrow the united states and china will sign the historic agreement. they agreed to buy $200 billion in goods and services from us to roll back half of a 15% on levies on other products we're still keeping tariffs on chinese goods and china allowed the currency to become much stronger the in exchange, we're no longer ka a. k accusing of them of currency

manipulation so for everyone that told us the chinese communist party is playing the long game, that there was no way we could win, and we would get nothing, well, how did that work out? to me this looks like a huge victory. i don't call $80 billion worth of manufacturing orders nothing. i don't call $50 billion in end users and services and additional agriculture purchases nothing. if you come out a year ago and we have all the concessions plus a pledge to open the markets to american financial companies and we kept most of the tariffs in place, i would have told you that was inconceivable as i've been saying all along, china needs a trade deal far more than we do. and that's why we're getting such good terms. if the chinese government lives up to the promises, i bet a whole host of companies get major earnings boost our manufacturing sectors and it's hard to think where will china be able to find $80 billion worth of manufacturing

goods? but there is one quick way to spend the money. place orders with boeing noer t no wonder the aerospace stock did well today they say they're idiots for wanting more pilot training not long before the tragic 737 max crashed that killed 1989 people. boeing needs all the help they can get right now. the orders are awful the worst in decades so some major chinese purchases and other planes that are available will be just what the doctor ordered caterpillar and deere, two of the heavy machinery makers, they can use that business too. how about energy we have fossil fuels coming out of new mexico and it is multiple liquified export term analyze that ship the elng all over the world. and you no what he much of the world is desperate for natural gas. for our natural gas. china especially, that seemed like an easy call. agriculture, remember the

chinese are having major pork shortage we covered that yesterday. so i'm expecting tyson foods to fly once china starts making the purchases. the african swine fever outbreak means they don't have a choice people have to eat how big a deal are the orders? we're getting recommendations to buy the railroads because all this stuff needs to be transported to the coast before it can be shipped to china just so you know, i prefer union pacific because they have the direct routes to the major ports of southern california so what about the flip side of the trade war? everybody told us that slapping big tariffs on china would push up all -- the cost of all sorts of goods herehere that's what tariffs are for. domestic producers can afford to raise prices except it hasn't happened. it is stunning and different from what i learned in the 07's. today we got the consumer price index for december it was only .2% thanks to

declines in used cars and trucks household furnishings and airline tickets. the categories i was most worried about, apparel, we import that, shelter, commodities, barely registered okay i know this is a little outrageous but to me it seems like maybe the country's got the cake and it can eat it too. the media settled on the narrative that there is no path forward for a phase two trade deal on top of the deal we already just negotiated. they felt that a couple of the fact that market got overbought. that's what i think caused the averages to roll over. what is important here is i think that worrying about the path forward is like worrying about the next game when your team has just won the darn super bowl

president trump won't roll back the tariffs until they make an agreement. away from trade, we have the first big earnings frort delta airlines, citigroup, wells fargo. three out of four were astonishing. delta was far better than we expected they benefitted from the fact that grounded 737 max planes curbed airline capacity, allowing them to raise prices. after the numbers, the stock was simply too cheap for words trading just eight times next year's earnings estimates. delta ceo called it a terrific holiday season when he was interviewed "oby our own phil lebeau 3% loan growth, still strong net interest income. i don't know how this -- plethora of good news. by the way, speaking of china, i think that the new found certainty that came with the deal and the trade truce, well,

led to a spike in trading. people stopped sitting on their hands which helped j.p. morgan deliver this surprise. citigroup's results were more impressive when you consider this is actually the cheapest of the major bank stocks. they had excellent growth in all lines. up double digits the company voracious about buying back the stock. they brought back a third of the share count over the last few years. fly in the ointment? wells fargo. one look at their pathetic results makes it clear this company is suffering its not spending enough, perhaps because of the management turmoil. jp market is able to take market share left and right because they invest in technology and service. wells fargo is lagging behind. and that's another reason why the stock got hammered they have to spend a lot they have to get their act together the new ceo has his hands full we have a lot of in news but the market couldn't sustain the rally. stocks were overbought we came up very far very fast. but the statistics from the banks show a robust consumer who

is still spending within her means. that's an encouraging backdrop, especially if we're headed into short term selloff after a remarkable run one last positive, the analyst rally and the overheated faang stocks on the same old price target bump price target bump, price target bump news, finally seems to have run its course i say hallelujah ♪ hall lay lelujah ♪ >> it's good the stocks need to cool down the banks and airlines have been stalled for a while. bottom line, if today's afternoon pull back turns into a full blown decline, a selloff is a terrible thing to west so many companies doing so well. i love to buy them but at this point only on weakness let's take calls let's go to spencer in florida spencer? >> boo-yah jim >> i called a couple months ago and at the time i wanted to start a new position in five and below. it was trading for around $1.25

at the time. you told me to wait for a pullback i got in hat $1.18 i was wondering if i should buy more or wait for another pullback. >> hold back the stock did bounce today i expect it to come back down tomorrow because of preannouncement doesn't allow a stock to come back instantly like this it will be a great long term situation which is why it doesn't fall more than it d how about john in california john >> boo-yah jim, we love you in sacramento >> john, always good to hear from you what's going on? >> okay. i'm thinking about getting back into the infrastructure plays. what do you think of u.s. concrete >> no. that is a total show me stock. it hasn't shown me if you went in for it, you buy c caterpillar. if we get a selloff, don't waste it hands sit on it until we do.

one man in san francisco, nice day out, dextom announced. what does it signal for the stock? i have the exclusive have we got too xplasant you know i care about. this i have to go to off the charts and the end of an era for med tronic omar ishroc is stepping down as ceo. i sat down with him at the j.p. morgan conference to talk about his tenure so stay with cramer. - at southern new hampshire university,

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click, call or visit a store today. sadly big diseases are big business more than 30 million americans have diabetes. so while we're here for the jp morgan health care coverage, i have tie a loog at the companies

that helps manage the condition. dexcom the maker of a monitor that measures the blood levels without interesting to constantly pick your finger. the stock quadrupled on the great innovation in the field. but this is kind of what i call a what have you done for me lately market? yesterday we got a confusing forecast company preannounced revenue but they paired that result with what was widely viewed as a conservative full year revenue forecast the stock got dinged a bit let's check in with an old friend of the show, the chairman, president, and ceo of dexcom to get a better read on the results. back to mad money. >> good to be here >> every year you come out to j.p. morgan, you're a conservative guy every year you come out and blow the numbers away and then you do give a conservative forecast. all i'm asking is this pretty much business as usual for you >> this is business as usual for us we lay out a forecast that has

pricing changes in the market. i talked about our foreign growth being faster than the domestic growth. that is a lower per patient per channel and medicare is lower than the traditional commercial insurance. as we move our product to the pharmacy, our revenue per patient per year is a little lower. so we contemplated those things and competition. we know what we did do build the numbers. it's consistent with what we've done in the past. >> okay. now one of the things that people tell me is, hey jim, i know you love this thing everybody who can get everyone who has it is taking it. i see not only the opposite for type one and type two but the global crisis indicates we're nowhere near penetration and saturation. >> with all the tools we have, diabetes complications still run rampant for people with diabetes the percentage of people not affected with diabetes complications hasn't changed it hasn't gotten any better. >> that's incredible

>> two years ago when they kept the data, how many more people got diabetes >> 50 million more around the world. >> shou thhow is that possible how is this such an epidemic >> our diets, our nature, what is going on with the way we live combined with genes and everything, it's just more and more frequent. and it's not that easy to identify anymore either. particularly in type two used to be type two that is somebody obese that doesn't exercise that's not the case anymore. >> you do have a new it rags coming up, the seven you have the six and now wildly popular, how small is this one going to be? >> the seven is a little bit smaller than a quarter a little bit thicker but smaller. it will be a fully disposable platform the patient will wear it for the wear period, 14, 15 days throw it away and put another one on we're doing what patients want they want it is imamor and easier to use. >> you're consumer oriented. uniquely out here, i talked to a lot of companies, they're doctor

oriented they're medical professional oriented but you're consumer oriented >> we are. it's our patient who's wear that device every day and it's our patients who depend on it for their life and with that information. we started as physical oriented actually and we made a very conscious decision, we still work with the physicians and talk with them. but we made a very conscious decision about four years ago when we hired a new marketing team, let's go consumer, not health care. >> that is really working out. >> there are people that e-mail me immediately let me give you one. my friend eric, he writes it is -- he loves dexcom. it is literally seeing the motion picture of what your blood sugar is doing allowing you to figure out what happens when i go for a run, eat pasta, et cetera >> it absolutely does. and even if you don't have diabetes, because you know i wear these things a bunch, jim we watch the football game together in the suite last

night. and i had a bowl of chocolate covered pretzels next to me. i looked at the glucose readings this morning, yeah, i'm sorey. no more chocolate covered pretzels for me. it's just so much higher. >> task master. >> yeah, for me. as you work on being healthier, you learn things from a cgm even without diabetes with exercise, you learn what that does to your glucose for the day. >> it's so important that we have to address the notion of the outage of that and everything thankgiving you addressed it head on did you not bury it. you did not act like it didn't happen so tell me what the circumstances were and the joou. >> certainly, we have a feature where patients on our system on their phones can share data with other caregivers or their loved ones that comes from a server architecture that we put together we move them to a bigger platform earlier last year

and over thanksgiving, we had some issues with the servers and they went down and nobody's in the building on thanksgiving it was a saturday of thanks dz givi giving we got our message out and got them fixed this was our fault we could have been more diligent in what we did and we won't let this happening again. the second thing we learned is communication. when our -- when we have something like this, we're kind of perfectionists. we want to fix everything. we couldn't fix this immediately. it took us some days so while we communicated in eight hours that they were down, we didn't have continuous messages and other things. we've taken measures to change that >> that won't happen again. >> no. because we're going to put live messaging in our app and a server status report on our web page if anybody's experiencing difficulties, they can look at that the third thing we learned, how important is this?

because based on the reaction of everybody, people are calling reporters, they're calling all over everywhere to get out that our servers are down and as i'm hearing from people and getting e-mails, i'm going, wow, we had a big responsibility here. >> this is a big deal. >> you addressed it immediately and swiftly. the and sternly. i think that is right. one last thing, two partnership has, a company we recommended times, and eli lilly these are meaningful partnerships for you. >> they are. on the lilly front, integrated devices with the smart pens and they're working on an insulin pens as well >> they love you. >> we love them too. on the lovango side, they will have better recommendations to the patients as we talked about intermittant glucose measurement, let's give you 288 points >> amazing >> your partner from google. >> it's going very well.

i signed it yesterday. they're on duel platform it is beginning to get material also >> well, look you're straight forward. you're tough minded. and you delivered amazingly for your consumers as well as your shareholders that's what you care about the most the president and ceo of dexcom i wish everyone would address it the way kevin addressed it, head on, honest and forthright. "mad money" is back after the break. apps are used everywhere...

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we get to complaisant. i keep worrying this market has way too much momentum. the stocks keep rallying on the same old news. i don't like that. that could set us up for a real rude awakening that's why tonight i want to get

a little more empirical. i want to read on the situation going off the charts with mark sebastian. he is a brilliant technician he is also my colleague at realmoney.com where i blog sebastian has a tried methodology. he spots selloffs before they happen by watching the volatility index called the vix for short. that measures the level of implied volatility in the s&p 500. they're afraid the vix is higher, when they're confident, it stays low most important thing is that normally the vix and s&p 500 move in opposite directions. this is what sebastian is always watching for when the market rallies and the vix rallies it with, that tells you lots of investors are afraid and we might be headed for a serious pullback

we saw this happen a couple times last year. take a look at this pair of daily charts this are the s&p 500 on top and the volatility index or the vix on the bottom. last april the s&p 500 went up for several days in a row. you see the up days. and the vix started moving higher sure enough, the market experienced an orderly selloff and the vix spiked all right? then last september over here now, the s&p 500 was flat for several days right in a row while the vix moved up and we had had a little mild rally. it was little, not big a mid rally that really was a good, important one that we called before hough. so what does he think we should be looking at? he thinks we're in better shape than you believe and this had is important. a lot of people including me sense too much xplcomplaisancy check out the shorter term pair of daily charts. we're looking at the s&p 500 and

the vix and going back to early october. for a couple days, looked like we were in trouble, right? the s&p 500 is roaring but it started ticking up that's the classic warning sign that sebastian is looking for. however, in recent days, the s&p 500 continued the climb while the vix collapsed. look at that that is actually an encouraging sign so just when i'm worried about complaisancy, he's telling me, be careful there isn't a lot of complaisancy option traders remember, the vix is based on the action in the options market simply are not putting on more edges. as the market rallies. fear isn't rising. it is actually falling and in short, he says the vix is giving you the green light to stick with this market and go into earnings season so here i am concerned about complaisancy and he is saying, listen, here's what you have to worry about there is no spike simultaneously with this run. a spike simultaneous with this run means we should be worried we're not done we have to confirm this we have to look at the vix

volu volatility index think of it as a more sensitive way to detect changes in the fear level the vivix is collapsing too. it's currently at the lows for the quarter, around 85 he points out that it doesn't technically get oversold until it falls below 80. that means there is room for it to go even lower now i have to tell you, that is a much more encouraging story than xpikted to si expected to cycle. i was concerned that we were all just kind of grasp ping. this is a very big but even though the fear level is extremely low, sebastian knows this market has never been more jumpy on a small pullback. so let's go back to that pair of charts showing the s&p 500 and the vix since october. take a look at what happens when the dow had modest down days the vix spiked each time look, it spiked hard a tiny decline produced a big move in the volatility index there is a lot of investors with

itchy trigger fingers ready to hedge the moment things start going south. wow. that's amajor problem. why? because sebastian detects serious selloffs before they go into overdrive he thinks we'll have a much shorter warning than usual we may get two or three days of the vix really when the market is up before we see a breakdown in the averages. you have to be pretty weary here he thinks the volatility index is giving you a green light but a steal green light. we'll get that pullback. you know i'm worried about that it will happen with less warning than usual and not just like the decline we had intraday to day. we're talking about a big decline. we have more room to run before the pullback the bottom line, the charts is interpreted by mark sebastian. suggest that this red hot market still has legs but it could also turn on a dime so be careful out there. let's speak to tone in washington, d.c.

tone >> caller: yes, sir? yes, sir >> hi, tone. it's jim >> caller: hey, jim. i'm a 23 government employee, and in late september i did an interfund transfer to g. i want to know when is a good time to move profits back into the market and should i never move profits again until retirement in two years? >> we want to move on a big break. i know it's annoying we're not getting that big break. you just have to stay. you have to stay the course. i think if you don't stay the course, you're going to end up regretting it. so let's just be calm, cool. if it doesn't come n it doesn't come n it's okay to miss it and you have two years you can ride it out, same strategy the whole two years the charts suggests -- tone, don't put it all in if you have a few years left it can also turn on a dime as it has before so stay a little cautious if you can stay in the market the charts suggests this incredible market has room to run.

it can also turn on a dime so stay cautious much more "mad money" ahead. medtronic has 275% to shareholders oins the ceo took over i'll find out next for the company as he prepares to step down and black rock ceo is showing what true leadership looks like. i'll tell you why. and then rapid fire of the lightning round. so stay with cramer. but in my mind i'm still 25. that's why i take osteo bi-flex, to keep me moving the way i was made to. it nourishes and strengthens my joints for the long term. osteo bi-flex - now in triple strength plus magnesium. i can. the two words whispered at the start of every race. every new job.

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a year ago medtronic gave a very bullish presentation. but the market reacted negatively to some short term headwinds. let me spoke to the chairman at the time he told us to focus on his company's incredibly bright future and not worry about the nickel or penny that's people are focused on medtronic surged from the low 80s to $117. now i think it's got even more upside thanks to the strength of the amazing pipeline don't take it from me. earlier we sat down with him again to talk about the future

take a look. >> omar this is it for you you have done amazing things for medtronic. but you're about to step down. what do you think your legacy will be? >> well, the most important legacy, two things i always talk about. one is the number of patients we served you know, last fiscal year we served 75 million patients in one year when i started, it was the number is more like $20 million a year so just watching that and the impact that has had on people is a huge thing and i think the company's position to extend that further. the other and most important thing is the team in medtronic, the people we have there now the leadership i'm really thrilled with jeff martin and his leadership. and what is more is that general managers that we have running these vid individual businesses who care and passionate and each area in health care, i think if he can keep that, sustain it and

grow it, that's all i need >> will he be -- this is in your dna, continue the industry leadership in technology which is how i view medtronic? >> absolutely. of it's not just jeff but the team below him general managers below the business unit, presidents and group managers and so on, they're down in the guts of the organization technology is the thing that drives medtronic our technology is used purposely to what we say alleviate pain and restore life in other words, make an impact we don't do solutions per se we address problems. and that's in the culture of medtronic and that's what separates us from other technology companies and one that guarantees a sustainable future >> last year at this conference you gave a presentation. at the presentation, there tended to be some shade down of the nickel the stock went from $88 to $82

you said this is not the way to view medtronic it is consistent earnings and they're also not afraid to fail. you go to place that's nobody else will. it turned out to be an amazing buying opportunity when will people realize you're inventing, no the afraid to fail and also be consistent >> that's correct. yeah and that will continue i think everyone needs to understand that medtronic is a long term view of health care. we're responsible about financials we guarantee our dividend, you know, to that degree we're intelligent use of free cash flow. this is a long term company. our mission and i say that again, is to use technology to alleviate pain and restore and extend life. that journey doesn't stop. >> you are important in two things where people give up on most med companies give up on. the brain with brain scan. and the back where we tend to be able to say let's fuse it.

you are not accepting those kinds of things. you're not accepting the current way that people do things with the brain and the back >> i do think the in you are ne and what they do is an area of understanding that is really embryonic right now, in general. and there is a lot of empirical work people try things and some things happen and try to narrow down on that but i twwhat i think is understanding the mechanism of the action and that is something that medtronic is committed to doing. this is a long term commitment this is not going to happen in one year action needs to be taken every year the brain, most recent product that we just launched has a sensing mechanism for the first time so the first time you actually see signals in the brain and understand when you stimulate what happens to the signals. and through that eventually actually create a closed loop system for treatment of

parkinson's and possibly tremor and, again, some years out we have everything in place. in real patients and commercially available products through which we can start that journey. >> again, going after things that others have given up on hypertension kills millions. >> right >> you started ten years ago >> yes >> others gave up. gave up. gave up. you continue to pursue you're not afraid to spend a lot of money on something that will not necessarily produce results in a given year. >> that's right. as long as the study we do, do we have a rational reason for doing it >> right >> time is secondary to. that the first thing is do we understand is there a reason to do it and then we pursue it. i think the hypertension example is one of best ones we started that ten years ago there was a failed trial we didn't give up. we tried to understand why did the trial fail how can we adjust it

is it the design of the trial? all of those are open questions. we narrowed it down and now we're close to presenting pivotal results in march >> our country is ravaged by opioid addiction and that's because no one seems to have any solution for pain. you guys are directly approaching what causes pain and dealing with it and maybe one day ending a lot of it >> indeed. >> understanding the nervous system is poorly misunderstood pain is a sensation you feel because of signals transmitted through the nervous system if you can understand that and control the signals in a programmable way, and in a logical way, i think at some point in the future i know that we will, you know, address that problem. and it's not just single shot. it is probably different types of pain, require different kinds of management.

we're very early as a society if you like, very early in the journey of learning that but we are absolutely committed to that. time, like i said, is secondary there. understanding is primary >> even since i saw you last, the accomplishmentes that you've done with robotics needs to be noted. you are also saving the system from error, saving the system from being inexact that acquisition paid off. >> indeed. yep. >> and it's only beginning to pay off. tell people what it is doing where it is being used >> it's being used in major centers. the u.s. is the main area and most major centers in the u.s. without naming any have those. the sort of the desire for that is pretty high but most importantly, what it does is it makes the procedures consistent it gives you quaun take theive data there is a planning aspect to this thing which most systems don't have and increasingly now, we're

integrating it with other technologies such as our navigation system and eventually our imaging system through which the power of the robot will really increase. but it is also important to recognize that, you know, robotics isn't a general answer to everything. >> right >> you know, the robots are different. this is a spinal robot we're also working on a general surgery robot. there is a cranial robot there will be others and just like, you know, surgery is a different procedures, robots need to be optimized to do certain things. and this is our first step night. we're delighted with the results that we're seeing and our spine business this last year ever since i've been here has had a strong year. and the robot has played a big role in that >> it is also "mad money." you have 275% return since ycame in in 2011 that is a remarkable return. i can not stress enough that you're not afraid of failure and going after the big areas and consistent i want to congratulate you. >> thank you, jim. >> he is the sharm and ceo of

medtronic, mdt great work >> i appreciate it >> make fitness routine with pure protein. high protein low sugar tastes great! high protein low sugar so good! high protein low sugar mmmm, birthday cake! and try pure protein delicious protein shakes

but in my mind i'm still 25. that's why i take osteo bi-flex, to keep me moving the way i was made to. it nourishes and strengthens my joints for the long term. osteo bi-flex - now in triple strength plus magnesium.

. it is time time for the lightning round play until we play the sound and then the lightning round is over are you ready? tom in kansas. tom? >> thank you, jimmy, for helping us little people my question today is about sirius radio >> remember, we're all little people i like the management. i like the product here's the problem it needs more car turnover i'm going to stay bullish on it. we like it for a triple. let's keep going mike in california mike >> hi, jim boo-yah. >> boo-yah, jim. >> i have a question about readvance. they just filed a marketing application with fda and also signed a reseller agreement with

a french filler company. >> yeah. that is very smart look, you know i think this is a great situation. however, i still prefer to be a little more diversified and like alergen. botox is the way to play let's go to max in north carolina max? >> hey jim first time caller. >> all right let's go the. >> hey, so here's the name for you, stone co. recent ipo big names are in it. berkshire and alibaba, what do you think? >> i have to do mork on stoneco. i know it is public. it's a brazilian company i have not had great luck with brazilian companies. i have to bear down. let's go to salvator in maryland >> jim, boo-yah. >> boo-yah >> long time listener, first time caller. my stock is dollar general >> oh, my -- dollar general negotiated and navigated the tariffs. better than dollar tree. it is better than five below which is now like 20 below 5

below. let geese to darwin -- no, darwin in texas. darwin >> hey, jim, hoy you doing today? >> i'm doing well. how about you? >> good. the good hey, with the runup of the market, i have taken money off the table. i'm looking for some decent yield. and i know buffet and mung ver a lot of money on the side what do you think of berkshire hathaway >> not a yield play. no we don't want that for a yield play we have tons of others that have growth for yield play. i like at&t and verizon as the way to do it let's go to robin in new york. robin? >> hi, jim they have a good dividend. what do you think of park hotels and resorts? >> i have looked at these guys you know, there's been overbilling of hotels and resorts. and the reason i'm pausing is because i have now watched six, six flags just get completely

annihilated. i am worried about 89% yield in that business. i say pass david in florida david? >> hey, cramer boo-yah from south florida i'm interested in a stock called tandem diabetes care >> frustrating the frustrating. works with dexcom. but they're the better one of the two. there is no denying it i don't want to back away from them but it is frustrating. the let's go to jim in new york. jim? >> hey, jim. how you doing? jim in new york. >> i'm doing well, jim what's up? >> excellent i'm calling about otc properties i want to know what you think of them >> long term health care we're against it we don't like it but we like long term health care but we do not like long term health care stocks stay away. let's go to kathy in california. kathy? >> hi. the hi, jim.

>> new stock buying. i'm interested in knowing what you think of apcor >> you know it, as straight forward building play. i'm bullish on america i think this is a great way to play kind of unknown. and that, ladies and gentlemen, the conclusion of the lightning the conclusion of the lightning round. ♪ ♪ ♪ ♪

to take care of yourself. but nature's bounty has innovative ways to help you maintain balance and help keep you active and well-rested. because hey, tomorrow's coming up fast. nature's bounty. because you're better off healthy.

♪ hallelujah something huge happened today. a total positive gauge the ceo of black rock, a seven trillion dollar investment firm said the company will make investment decisions based on part on the commitment to environmental sustainability this isn't some hedge fund focus on environmentals. it is one of the most important investment firms in the world. what does this mean for you? from now on a company that can't prove with regards to the earth is a stake holder is liable to get a lower price to earnings multiple because serious investors are now going to pay out for sustainability that say very big deal i cannot stress this enough. way too long it felt kind of like that we were -- climate change is a serious threat to our future but nobody wants to deal with it way too often corporate executives simply don't care

about the stuff. we need to do more but not much action i get it it's not supposed to be the job to care. that ended to day. those that feel strongly about this issue have lacked a champion now larry fink is that champion. he hold the moral ground and is revered by almost every ceo i ever asked about he was emotional and amazing interview with cnbc's andrew ross sorkin. as he said in the note today, "the evidence on climate risk is compelling investors to reassess core assumptions about modern finance. that comment there says we don't care whether or not you believe in climate change, we will punish your stock if you don't do something about it. we don't care if you believe it. don't think of this as some sort of bleeding heart thing. it's purely a risk assessment. if there is even a 50% chance the dire predictions of climate scientists are true, and i think that they are, well, it's going

to be very bad for business. and if capitalism can't regulate itself on this issue, governments around the world will will then do for capitalism think about introducing fossil oriented companies they'll take to task the companies that don't do enough suddenly it could lead to high profile proxy fights that no company wants to be in i scrutinize hundred of companies looking for the commitment and try to address every one of them and every ceo is on gets a question from me about this it's necessary even if you don't believe in the issues and i do wholeheartedly, you still have to care if you want to pick stocks. because black rock cares and they got $7 trillion under management i joke about how the issues can't be factored into what you're willing to pay for a stock. for decade i quite candidly cavalierly said things like well what does that have to do with the price earnings ratio of bristol-myers? i was con temperature shus of anything that didn't relate to the earninged. for good reason. they didn't care about the

stuff. so why should i? but after today, the big money managers do care and that changes the equation, people boards will now ask ceos what they're doing to help save the planet powerful investors like fink will insist on knowing what company's plans are to address climate change they will sell stocks for business that's ignore the issues this is based on steps they have taken to reduce the company's carbon footprint i need to see more companies doing this i got to tell you, fink's actions remind me of those that punished businesses with south africa in the days of apartheid. manufacture us protested against university that's kept endowment money in companies that profited from the apartheid regime. we were dismissed as dreamers with a quick sided streak. but over the years, the movement gained steam and tons of companies ended up pulling out of south africa because of our protests which

ultimately helped topple the regime i think we're seeing the same thing with climate change here and i'm thrilled he is giving companies, the cover they need to roll sleeves up and stop hurting the darn environment. i say bravo. i'm glad someone with real heft is throwing htheir weight behin a hugely important issue far too executives are willing to take action because it may hurt their earnings. boo! i think there say bold and necessary move even if you disagree with me, you have to recognize that fink changed the calculus if companies don't take action, one of the largest asset managers in the world will pay less for earnings. like it or not, sustainability matters to the sto mark. if you haven't factored it in yet, well, the train is leaving the station. stick with cramer. (upbeat music)

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to take care of yourself. but nature's bounty has innovative ways to help you maintain balance and help keep you active and well-rested. because hey, tomorrow's coming up fast. nature's bounty. because you're better off healthy. i've been what is called a case by case person all my life. case for economics and what the president's doing with tariffs i think it is working. it is actually fabulous and the chinese capitulating case by case, what larry fink is doing with climate change. that is so important to me i hope it's important to you larry fink is going to make it important whether you like it or not. he is going to change things business is a great source of social change. there is a bull market somewhere. my job is to help you find it. i'm jim cramer 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." ♪ (ship horn blows) i'm jim tselikis... and i'm sabin lomac. and we are cousins from portland, maine. and together, we are cousins maine lobster. best part about growing up in maine is the family, being by the water, but most importantly, the lobster. maine lobster is the most tender, succulent meat you'll ever have. we are from maine but currently living in los angeles. who wants some fresh maine lobster?!