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tv   Mad Money  CNBC  February 3, 2020 6:00pm-7:00pm EST

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the tesla fever breaks, it's got a hold >> are you a baseball fan? >> i am. >> you might have seen the noah syndergaard won the "power lunch. so inhonor of >> my mission is e you money. i'm here to level the playing field for all investors. there is always a bull market somewhere and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money" and welcome to cramerica you want to be one of my friends. my job is not just to entertain to educate and put it in context and figure out what is the heck is going on so call me at 800-743-cnbc or tweet me @jim cramer are people too eager to buy.
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that is how i felt about today's action if you are returning from a weekend in miami, by the way, a chiefs win is a win for eagles andy reid. after the friday coronavirus and selloff gave them what they think is a good entry point and the dow surged up 370 points before closing up 144 and s&p gains 7.3 and nasdaq surged 1.3% i didn't do much talking this weekend. i just listened. i heard what people wanted to buy at all costs and we've all been trained to buy the s&p 500. and do we wait for tesla to go down or buy it on monday i try to be circumstan expect. i like apple and google.
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i want to know more how the coronavirus is spreading turned out i was too cautious. tesla up and stock close-up, $129 that move is one for the books predicated upon both the crushing of the shorts and a love for the car but apple is more problematic. i think it is an own it, don't trade it situation china is a huge market and the quarantine could wreak havoc on the supply chain and they're closing the stores let's take a step back and take up what i call the etup. when you're down 29,000, that is not much of a dip. i think you want to wait for something deeper because we're still waiting for more shoes to drop with the outbreak right now the virus is spreading rapidly. they haven't contained it in china. this is a case where you when everyone you know what they think.
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i have the rare opportunity to be on the nfl red carpet on saturday interviewing owners, coaches players and i asked what they thought would happen, congratulations kansas city, and then david tepper the owner of the carol panthers and taught me fixed income trading at goldman sachs. i had to ask him about the virus. now frankly i was hoping for some encouragement from the long side a couple of weeks before he told cnbc joe kern he was bullish on the markets. apparently that's changed. >> it is interesting you have to -- it is very hard to figure. i don't know if you read that lancet study. >> oh, my god, i read it, yes. >> so i think you have to try to figure it out. ruined the environment set-up so you have to be careful because it may be a game-changer and two weeks ago before the virus it was one thing and it is a different environment right now. so it is what it is.
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>> well, he's such a smart guy and, look, hedge fund managers change their mind so don't do what he says because that is just his information to me but it got me thinking, what is it in this lancet article that had us so weary. the piece arguments it could spread to a much wider net wider net of people because it is spreading geometrically and it might not peak until april. this is not some sort of conspiracy theory. the lancet is a peer review medical journal held in the highest esteem by the health care community the article is very dry. it quotes airline tables and trips from wuhan and china gauge of travel and it seems like a science fiction story about how the disease could spread if we don't find a cure or a vaccine and a kwaurnquarantine is too le too late it is a lot that needs to go
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right. and maybe too much given the lack of transparency from china. the ruling party has not been forthcoming and it is not like they have a great track record when it it comes to transparency and it could be higher, the people's republic has banned discussion of the virus and they're trigger happy when it comes to censorship. that is not a good sign. the new hospital going up in wuhan and they have a village vibe to me so tell everyone to sell sell everything. you should have a much higher cash reserve than normal that is what we're doing for my charity trust if you join the club in time for thursday's conference call. i don't think this dip is as viable as everyone believed except the smartest guy i know in stocks dave tepper. however you don't tell people to sell everything unless this -- the sky is falling i made the best call when i said to dump everything before the big break down in 2008 and if
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you listened to me, when we fallen to 6-6-00, we had reached the bottom which is your signal to get back in but in retrospect the market eventually came back that is all people really cared about. my effort to help you side step the worst decline in 40 years despite the crash of '87 was ill vised because the market came back i would do it again. would you hake that call only to face the systemic risk we were back then. i think the virus will knock off a percentage point of the chinese gdp and maybe no more than .25 goblely because some companies will get hurt, luxury and hospitality and travel and many companies will be okay. some will do much better including one that was up huge today, not tesla, that has more
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room to run. this is the reason why you shouldn't throw your money into an index fund. if you have less travel exposure, i think you'll do fine otherwise you should expect some pain ahead so it is not systemic risk but i dallas don't think it is a buying opportunity not here, not yet. maybe tomorrow alphabet laid an egg even i think it is an excellent nonchina play you want to watch our special hosted by my friend carl quintanilla to learn more about the state of the outbreak before you make any decisions. if you buy stocks you're making a wager on a vaccine or a quarantine and i would rather wait and see if that is possible before pulling the buy trigger because we're just too close to the highs for hi taste all of the others make the hard money. i would stand pat and trim the companies that will be directly impacted so i could buy them back lower or swap into something else that is down a great deal and doesn't deserve to be. mostly i want to wait until we get more bad news about the virus. because i think more news is coming it is bad. i want to hear the outcome of
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the iowa caucus because bernie sanders could win. he's proud of the fact he's not a fan of the stock market. i want to have a mid single-digit decline in my charitable trust and i'm ready to buy back when things settle down don't jump the gun people. wait for a real dip. the kind we haven't had yet before we get more bullish i'm betting that another shoe will drop on this coronavirus outbreak and i think it might be a mistake to buy before that happens. let's go to louis. >> caller: yes, reverend jim, a great big booyah. >> i like that and a booyah in return how could i help you, louis. >> caller: my question is about visa there was a pullback and then the coronavirus has made it pull back even more and so now my question is is it time to back up the truck -- >> no. we're not backing up stocks that -- back up the truck.
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it is too uncertain. mastercard is growing faster than visa and did have a much better quarter so before i go to visa, i would consider owning the stock of mastercard. how about brandon in south carolina brandon? >> caller: hey, jim. first time caller. thoughts on waste management being a long-term hold. >> at 114 and 118 people gave up on waste management and thought the chinese aren't buying our waste but i'm a big believer in mr. fish and that stock is not going to go higher fred in florida. >> caller: fred from florida how are you doing today. >> doing well, how about you >> caller: doing well, thanks. what do you think of bed bath and beyond. >> i like the ceo and i think the stock represents an attractive speculation on the new management and new board and a new strategy look, i understand after speaking to people in miami this
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weekend you're eagerness to buy and it is always right but wait for a real dip so stand pat if we miss it, well will there are worse things on "mad money," i have blowback about my stand on fossil fuels but tonight i'm doubling down. hi haters. and then 102 million viewers watched the super bowl and how did streaming service impact the viewing habits i'm eyeing the winners of the cord cutting fight and zoom is up 15% how are the coronavirus concerns impacting the stock. i have 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 ado dmeynbcong he tmaon.cc.m.
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let's see, tesla plus $129 exxon-mobil minus $1 and change. on a nice day, doesn't that say
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it all i got a lot of blowback from my stand on fossil fuels and people are coming at this like i'm an environmentalist and that never stopped me from the the oil stocks for my entire career. my job is to try to help you make money if that is the case why do i focus on social issuesm i call it impact per share. sustainability the plan as a stakeholder. reducing carbon emissions. nobody on wall street would care about this stuff i would tell you you can't afford to care as an investor so what changed tons of money managers care about it ceo's know a lot of people wouldn't buy their stocks unless they take sustainability seriously and investors need to hear a company's stance and if they don't like it, they dump the stock or never touch it. this is not about what i think it is not about my opinions. you have to check your opinions at the door.
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but when a critical mass of money managers behaving this way, you have to care. because they're buying and selling is what drives stock prices it is the point where larry fink the ceo of black rock is now saying the sustainability concerns are paramount in his stock picking. he had a a huge oil and gas holdings and investing in any company with more than 25% thermal coal don't consider my opinion but larry fink has $7 trillion under management i think many people just haven't realized the seriousness of this pronouncement. they will. nobody has as much sway as larry and that includes warren buffett. after this, i'm betting that he'll say it is oil and gas. but it is not just one very influential money manager. we spoke to the ceo of microsoft and they are becoming negative, not neutral, but negative, which includes $1 billion sustainability fund. microsoft is so powerful that i
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believe nadal's announcements will change the whole suppliers process and supply chain and big impact finally if it is incapable of -- of moving the oil market and thaud n [ inaudible ] and they will cut back production. last night oil drops $1.40 right into bear market territory. i know execs are unhappy with my stance on the other side of history. but remember, i'm not about making friends on this show. i'm about trying to make you money. and the honest truth is i don't think i could help you make money in the oil and gas stocks any more they feel like a slowly melting ice cube a wasting asset that will have down revenues unless the price of crude jumps and stays higher but after recent events i don't know what will make that happen. now some are interpreting my stance as some dope who doesn't know anything and is spouting
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off about big energy sish issues well that, my friends is lunacy. anybody who watched this show for the last 14 years i've been the most vocal proponent of anyone on air bar none and i have a major boost of natural gas and i was an evangelist for the shale when nobody knew what they were and the old ceo of [ inaudible ] and taught me about the boom in natural gas production i talk to him all of the time. but the bounty overwhelmed itself there is too much oil and gas with too little demand that is the essence of the problem with the stock market and the reason they are on the wrong side of history and has nothing to do with politics and everything to do with the fact that tesla was up huge today and exxon stock was down after goldman sachs of all places downgraded stocks from hold to sell stick with cramer.
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>> officials all over the world are rushing to contain and defeat the coronavirus what do you need to know to protect your health and your portfolio? cramer sits down with the ceo of dr. on-demand when "mad money" returns.
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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. find our coupon in sunday's paper. . don't forget we're still in the heart of earnings season, not just talking about coronavirus. and over the past couple of weeks we've seen the acceleration of major long-term trends that we need to talk about. take corn cutting. people have been bailing on the cable but subscribers have gottine steeper. -- have you seen viacom. worst investment ever. court cut. consumers have too many other options that have so many streaming services to choose from so far had this season we've heard from comcast and
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at&t their results tell me the future belongs to the cord cutters. comcast reported a fantastic quarter but the decline in residential video customers down 132,000 year-over-year and it is not that bad for the cable companies. they make more than -- they more than make up for it with their fast-growing broadband business because you can't substitute disney plus or netflix and was up last year and they have peacock coming out. and as for at&t, they lost 945,000 video subscribers and the skinny bundle that was supposed to compete with streaming lost subscribers that is not the end of the world for at&t because now they have time warner and major streaming services including hbo go. at&t claims that the losses peak last year. comcast said it will get worse
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in 2020 and i'm inclined to believe it so having played it what the best way to actually benefit from cord cutting because you know there is always a way to make money on these big trends for the past two and a half years roku has been the big winner because they're one of the few places in streaming -- it started out as a hardware play and they make a box to stream from any service straight to your television but they switched to software creating a platform build into most smart tvs. they make money by taking a cut of the revenue that the streaming services make using their technology it is a subscription service they get a piece of the subscription if it is a pay-per-view, they get a piece of the rental fee. if it is advertising, they get a piece of the ad money. holy cow this model has been very successful for roku and why they are able to grow at an astounding pace and the stock is incredible long-term performer but in the past few months the stock has become a -- a dog.
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recent week in november when the company reported the most recent results. the problem, roku sales grew at 50.5% club that is the number most ceo's would kill for in short people worried that growth had peaked. more than that roku stock has on a tear last year it was a $45 stock and by november it was $160 stock i think it deserved most of the run, though. but by the winter roku had gotten ahead of itself and that is why it got slammed in december with a benign downgrade from morgan stanley and they lost in a single session which moved morgan stanley's point we learned the cfo is leaving. i don't think there is anything ominous about the departure but it is definitely a negative when dealing with a high flying growth stock and last week roku had a major dispute with fox
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over the distribution agreement which is set to expire on friday no fox, no super bowl. roku and fox reached a deal and there was no blackout but we're seeing more disputes between streaming and content providers. they don't want to give roku a cut because with a little setup you could stream from your phone directly to your tv. no rescueu needed. or you by a cheap dongle from amazon or google to do the same thing. i don't want to knock roku out if the numbers are strong i expect it to soar. however even with the stock down nearly 50 points from the highs last fall, i'm not loving the risk-reward here full disclosure, i have a terrible record with this roku so if you don't take me serious, i do not blame you one bit but i do say you can't get them all right. that said, i think i have say more enticing cord cutting play. i want to reiterate it is called
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the trade desk this is software helping with digital advertising campaigns and the platforms help advertisers get the most bang for the buck to years that was nervous because any time somebody is making a killing in ad tech, you are wrecked by google or apple's ad blocking technology they've been of that gating the obstacles for years but it is a game of cat and mouse that never stops because the big boys don't want to share ad revenue jeff green put a new spin on the story. the trade desk is now -- plain and simple they help customer the best place to advertise in the world. listen to what green has to say. >> we go to the biggest advertisers in the world and say figure out which digital ads to buy. sometimes it is audio and sometimes it is tv and sometimes it is display, on your phone or anything but we're trying to help them objectively decide what to buy and because we don't own any media, all of the biggest media companies in the world are
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partnering with us first to ask them to help bring advertising demand. >> in other words, maybe the trade desk is the switzerland of streaming. the neutral third party to work with everybody i've called roku switzerland but they've gotten too big with that they have a lot of heft and influence and that is good thing but they are in creasingly more likely to be seen as a competitor than a partner. look at last week's conflict with fox the trade desk is still a pure facilitator, they could work with anybody and the trade desk reported this month and we don't know when but probably around february 19th. pay close attention of another selloff and i'm giving you my blessing to buy it yes. it is that good. bottom line roku and the trade desk are high flying momentum stocks benefitting from cord cutting but people would buy this one as the true court cutting play and i much prefer
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the trade desk which has better financials and i think is a better story let's take calls to cam >> caller: booyah. >> booyah. >> caller: my question is about snapchat and if the stock could be considered a buy and i know they report earnings tomorrow so if the stock is on the upside could it still be considered a buy -- >> at this point we're too close to the earnings. but i'm positive incline toward snap because i think that i'd buy some before and maybe some after. because i think snap is developing into a great alternative for advertisers. to bob in new york please. bob. >> caller: how are you doing >> how are you. >> caller: jim, i'm fine at this point in time where the coronavirus seems to be dominating and driving the market, a company like docu sign which eliminated human interaction, it seems like an equate that demands attention.
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do you agree >> i think it demands attention because it is so fabulous. the stock was a bit up today and at the all-time high but this is the way of the tuteure it is just -- it is just too ridiculous to do it the old-fashioned way. i bless docu sign here with or without the coronavirus. let's go to dylan in florida dylan? >> caller: booyah, booyah, booyah >> what's up my friend. >> caller: i was just wondering, what do you think about [ inaudible ]. i know they got a lot going on they partner with hyundai for airline task trade and a merger with door dash [ inaudible ] where do you see the future. are they a buy right now i know [ inaudible ] how do they look >> look, uber, i think is a great investment up to 45. i think that they are getting aa lot of their house in order.
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all they have to do is close a couple of google -- i mean a couple of uber eats or sell uber eats to another company in that business and i think the stock tacks on maybe six, seven points court cutting is a major long-term trend and the best way to play it is roku except now i'm thinking trade desk better much more "mad money" ahead including my exclusive with zoom video. i'm talking with the ceo and then coronavirus fears and with news that 30% of adults don't have a primary doctor, how is dr. on demand preparing for the unknown? i've got the ceo and all of your calls and rapid fire in tonight's edition of "the lightning round." so stay with cramer. >> tomorrow kick off the trading day with squawk on the street. live from post nine at the nyse. >> it has nothing to do with
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cope with this coronavirus well how about a company ma makes it easier for people to work remotely. something that is a lot more enticing when you're afraid of getting sick i'm talking about zoom video communications which saw the stock explode higher today, up 15 percent here is a cloud based that became -- last year and that is before the market turn on the momentum stocks and this thing went over $100 but then plunged to the 60s in the fourth quarter. zoom is moving back up and today had a huge run what happened? some of it is the epidemic but because we found out about a service outage from microsoft competing collaboration software teams and that could give zoom another leg up with something more reliable. i don't know so take it there here. let's check in with eric uhan from zoom video communications welcome back to "mad money." >> jim, thank you for having me. i really appreciate it.
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>> oh, fantastic now i have to tell you, we're in a strange time if i have to -- i'm told i have to work at home because of the virus, i want to feel like i'm still connected and i don't want to feel like an idiot not having i.t. there to install is for me. if i'm at home and a person not that technically inclined could i zoom >> yes absolutely the trend is more and more people are willing to work at home and also almost the everybody has the work force you have a tool like zoom, reliable secure service for across your employees and partners. >> do people go and ask for zoom or is it something that most companies give to employees? >> actually, the truth, can speak about itself because it works very well almost every user and employers
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always want reliable like zoom and it could really make it work. >> now we had brack dowell on from last week and his company is doing well. and legit eck and then i mistakingly hit up lodgi tech and i have al and lodgi tech and is there room for you and this team from microsoft and also cisco. how much room is there for all of these different companies >> i think first of all this market is huge large tech is a pattern -- a partner with anybody like cisco or microsoft and ultimately almost every company needs to have a tool like this. by 2023 a $43 billion market look at our revenue last quarter. i think we just starting.
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>> the revenue newspapumber, 85% with the new virus and now companies saying we have to be ready for work at home, i have to believe that your phones were actually ringing off the hook today. >> you're so right i happen to put down my phone because everybody is calling us because given in the coronavirus and cannot travel but to have a reliable thing like zoom is very high since last month, last week, almost every day with record usage. >> oh, my. are you able or constrained or is the leverage in this model so great it doesn't cost more per zoom. >> so good news, our employees are working very hard and i think we're readied to offer greater service to the people all over the world. >> now you are moving from the consumer to the enterprise that happened in the last year,
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the complexion of your business is changing. >> actually we started from offering a service for smb customers over the past four or five years we have lobbying customer so that is why so many fortune 100 companies who deploy zoom over the past two or three years. >> microsoft, your competitor, did have an outage, teams and does that mean people say i want to have a back-up to zoom or trial zoom and maybe that won't happen with zoom >> i think on the one hand microsoft is a partner and wire route and with macro solutions on the other hand companies, they are looking for the best service. when it comes to conferencing, they like to have a much better solution and that is why they go to zoom because we are on a cloud based video collaborating solution and that is why -- and we are the standard now. >> we bill the company discovery and discovery is probably the
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most intensely beautiful display on my tv they chose zoom, i have to believe they care about definition, because they care about definition to the point when their programs are perfect. why did this go with zoom, do you think? >> great customer. i really like them they did a test. they tested almost every other solutions. and we have a reliable solution no matter where you are and go to work any time that is why the founders of zoom and they tested zoom and pick up zoom because it is just better telecom experience and better than any other solutions that is a no-brainer for them to deploy zoom. >> last question, do you think that because of the virus, is it going to change the landscape permanently? do you think people will say, you know what, this working at home is great with zoom. the company will say, we're just going to change the way we do business isn't that possible given the resolution how good zoom is? >> you are so right. even before this virus outbreak,
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almost everybody was aware that they have to have a reliable tool like zoom given what happened, people will have a back-up solution. they need to figure out a way to -- like zoom. >> we'll let you get back to work to answer the phones with a big fortune 100 deals that you'll put together and congratulations on all of your success, eric, so proud of you. >> thank you, so much, jim i really appreciate it. >> absolutely. that is eric uhan from zoom video which we have likes since it became public and it got down and i think it is still terrific "mad money" is back after the break.
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>> announcer: lightning round is sponsored by td ameritrade >> it is time. it is time for the lightning round. -- then the lightning round is over are you ready, skee-daddy? rocky in montana, rocky. >> caller: booyah. >> booyah rocky.
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>> caller: how are you is this what a wild super bowl, huh. >> yeah. thank you to andy. what a great season. how could i help. >> caller: all right so here is my question i'm going to need some help whether to buy sell or hold. i did semiconductor and then i was into amd and qualcomm and western digital and i made profit, i dumped them last week. i went into micron. >> okay. i happen to like micron. i think it could still go down a little bit if someone said the -- there is no vaccine or cure so coronavirus, china slowing, let's take micron down, would you buy more at $49 but hold on to what you have austin in florida. >> caller: yo, jimbo how is it going. >> i'm good. >> from the you've of florida. >> yes go gators. >> caller: and the stock is in
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phase energy. >> you got a good one. it is one of the few battery -- suggestions i'm ever going to tell you to buy because you're younger it is speculative and it is up a great deal but it does have a sound concept let's go to brandon in california brandon? >> caller: what is going on mr. cramer. >> i don't know. just kind of trying to stay jimmy chill. what is up with you. >> caller: i got you i got a good company i like the ceo wing stop. >> wing stop is a winner i like it for a very long time let them sell it down for whatever people and people say don't go out we buy wing stop and they present great value by the way to mary in california. mary >> caller: hi jim. this is mary from san diego. first time caller, member of the club. >> there you go. >> caller: my question is on [ inaudible ]. it is a cramer household -- >> it still is cybersecurity and identifiers are never going out of fashion
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particularly when the chinese are furious at us even -- i don't know, even on the virus they're -- so you need to have identity and you don't want someone compromising you and that is why we like that stock so many and it is a cramer family pick. to ryan in california. >> caller: this is ryan chilling in sunday san diego, what is up. >> that is me. i'm chilling what's cooking >> caller: i want to know about nvidia medical, do you think it -- >> i like them the cellular spray i thoughts was terrific it is a speck. but there is a lot of drug companies that need something that grows like this so i'm going to bless it. but it is a speck, okay. now i need to speak to will in minnesota. will >> caller: hey jimmy chill i love your show my stock is store capital management, stor -- >> not investing in the real estate trusts but i'm doing work
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on simon property group and believe it or not,s pg looks like a big winner in treat that by forever 21 deal and i think that is the one to buy to dave in virginia. >> caller: booyah, jimbo, would love to hear from ms. >> horseshoe it is down four points and i think you should be right here i like that one. and that, ladies and gentlemen, it the conclusion of "the lightning round. >> announcer: the lightning round is sponsored by td ameritrade i see best-in-class platforms and education. i see award-winning service, and a trade desk full of experts, available to answer your toughest questions. and i see it with zero commissions on online trades. i like what you're seeing. it's beautiful, isn't it? yeah. td ameritrade now offers zero commissions on online trades.
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i'm mike bloomberg and i approve this message.
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at a time when everyone is thinking about the coronavirus outbreak, we want to check in with the companies that are revolutionizing health care like the privately held dr. on demand a leading telemedicine with a doctor over the web. rather than going to the office in person. now most health problems that people experience could be diagnosed with with just a teleconference more than 92%. so dr. on demand and competitors are becoming the primary care physician of choice for busy people best of all, you can't catch anything in the waiting room if you don't go to the waiting room so let's take a closer look with hill ferguson the ceo to learn more about how the company is doing and get insights on the epidemic mr. ferguson, welcome back to
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"mad money." >> thank you good to be back. >> good to see you so how many people in the last, let's say, two weeks do you have versus before coronavirus calling. because i think there are a lot of people who are justifiably worried? >> yes this time of the year is naturally always busy for dr. on demand because of the seasonal flu which has already affected about 19 million people in the u.s. which is resulted in about 180,000 hospitalizations and 10,000 deaths. so this is a stronger than average flu season to begin with but you add on the -- the fear of coronavirus and it is even more in demand today at dr. on demand. >> i tweeted that we have to keep in perspective this coronavirus because in the new figures that you gave me are up much hor than the cdc told us because i said at that point because 7200 people died and we have 15 million admissions and people were furious that i could
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relate this to how bad the coronavirus is isn't it just coronavirus is very novel and the flu season is really bad >> that is right to put it in perspective, so far there is 17,000 cases of coronavirus. and 391 deaths all but one of those in china and the other death being in the philippines. so it is very small relative to what we know as seasonal flu or influenza. the challenge with coronavirus and the concern is just that it is so new we don't know how wide it will spread and what the fatality rate will ultimately be but it is no cause for panic take usual precautions, wash your hands as many times a day and not traveling to china is a good idea and getting in front of a doctor, preferably virtually any time you feel any symptoms of a cold or a flu. if you could come see one of our doctors an we're standing by in all 50 states, 24/7 and if we
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could get to you within 42 hours we could prescribe an anti-viral that will shorten the symptoms of the flu. >> and i'm writing had this down because what i find is i'm a busy person, okay. and what i do is i stop by the local drugstore and i have to admit there is say health clinic at the drug store but i can't tell you it is an optimal experience frankly think they're always too busy and i feel like i'm a burden on them i don't want to feel like i'm a burden on an entire -- on a hard-working person in a pharmacy i don't know if it works >> yeah, there is just a real supply and demand reality. there are not enough doctors to treat all of the patiences here in the united states so we have to find ways to make health care convenient and telemedicine is how we're doing that today. >> and i notice when i went on to subscribe and you made a push
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for something you needed to be in person but maybe not which is psychiatry is it working? >> absolutely. our behavioral health practice has grown by leaps and bounds doubling last year as you know, mental illness is a fast-rising problem in this country. about one in five people will experience a mental health issue and people are concerned, anxious and depressed and it is that much harder to find a mental health professional than a doctor so the access supply is even harder. waiting up to 90 days to see a psychiatrist in the u.s. >> well, i also know that i was talking with young -- very young staff and almost no one has a primary physician any more i had a primary physician from the moment i moved to new york because my mom told me to get a primary physician. it doesn't work like that any more >> no. old guys like us, only about one -- two out of three of us have a primary care physician but if you look at the
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millennial generation, only half of them have a primary care physician and that is because it just doesn't make sense with how people manage their life today we're not going to pick up the phone and call doctor's office and schedule a appointment for a month in the future when we could go to the mobile phone and video chat with a doctor in five minutes or less and so we're just adapting to the modern consumer. >> how do you make sure that nobody abuses the system how about you guys >> it is a common fear that people will overuse a service that is easy to use but i don't know about you, i don't look forward to going to the doctor or look for reasons for engaging with a physician so we haven't experienced a great deal of that i think it is just more hyping than actual reality. in fact, we treat about 93% of our cases all the way through to resolution and the remainder we're able to refer patients into brick and mortar facilities or to
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specialists if they're needed. >> dr. tony fauci said today -- he's not going be confident. he would never use that word the reason he is actually, let's say, positive on the idea that our country could handle what is going on is because we have a great public health system do we? you are at tfol crumb of knowing whether we should quarantine and do you think our country is effective. >> i think we have a great sick care system. we're able to treat patients that are already sick what we don't do well is preventing illnesses from occurring we don't do well at making access to physicians so easy that people can get good advice from doctors, making sure that they're getting preventative care so they could avoid developing a chronic condition or getting sick. and so i do think the united states has a lot of problems but one of the things we do pretty
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well is we take care of sick people. >> well the last thing i want to ask for and the reason i mention this is because i feel like the most dangerous place right now to get the coronavirus is at the brick and mortar doctor. i really don't want to go. but i do want to have my symptoms checked is it not the most probably other than maybe an airplane or a subway car the most risky place to be is a doctor's office. >> right well, where do you go to rob a bank why -- sorry i should say that again. i believe it was jesse james who said i go to banks because that is where the money is, right where do sick people go? they go to doctor offices so if you could avoid going to these places where you know people are sick, you'll be much better off. >> well i have to tell you, the younger people in our office love you i'm still stuck in that old way. but you are doing such great things i wish that you were public, how about that
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that would be a great thing. >> thank you, jim. >> and you can't buy the stock but people rave about the product at the office. stay with cramer what'd we decide on the flyers again? uh, "fifteen minutes could save you 15% or more on car insurance." i think we're gonna swap over to "over seventy-five years of savings and service." what, we're just gonna swap over? yep. pump the breaks on this, swap it over to that. pump the breaks, and, uh, swap over? that's right. instead of all this that i've already-? yeah. what are we gonna do with these? keep it at your desk, and save it for next time. geico. over 75 years of savings and service. through the at&t network, edge-to-edge intelligence
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and the magic power of unlocking your room with your phone. i can read minds too. really? book at hilton.com. if you find a lower rate, we match it and give you 25% off that stay. expect better. expect hilton. . don't go anywhere. because up next my friend and partner carl quintanilla has a special cnbc report on the spreading of the coronavirus we know our team love every angle covered and you cannot afford to miss this. here is the deal alphabet after the close reports a number and again it is not what we wanted i'm getting tired of it. -- just owns it but maybe they could explain their way out of it again after a while some of the faang names are getting tired. like i said there is always a bull market somewhere and i try to find it for you i'm jim cramer and i'm see you
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tomorrow good evening, i'm carl quintanilla. this is a cnbc special report on the growing threat of the coronavirus outbreak it is now been 35 days since the world health organization was first alerted to the crisis in china. there are almost 18,000 confirmed cases and 414 deaths in the u.s. there are 11 confirmed cases and the first u.s. patient has just been cleared and released from a hospital in everett, washington. >> the virus is spreading. and so is fear >> many chinese cities essentially coming to a screeching halt. >> people are bracing for selling. >> we're here tonight to explain

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