buyer at 42. >> the goldman sachs upgraded fire eye higher today feye. >> may be the only thing that and app chat higher today. great show as usual. we'll see you tomorrow night "mad money" thimrar ar rht now cme my mission is simple, to make you money i'm here to level the playing field for all investors. there is always a bull market somewhere, and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to save you some money. my job is to entertain, but more importantly, to educate and teach. so call me at 1-800-743-cnbc or tweet me @jimcramer.

how worried should you be? nine business days ago, the legendary warren buffett talked on cnbc about the greatest of america and the power of long-term investing. he explained stocks were still the best assets. he pointed out that even if you bought and held during the financial crisis in 2008, the worst possible time, you're up big now. but since buffett made that call two weeks ago, the s&p 500 is down roughly 10%, thanks in part to another brutal session where the dow plunged 970 points the s&p plummeted 3.93% and the nasdaq nose-dived 0.10%. buffett always says you should be fearful when others are greedy and be greedy when others are fearful. he publish an op-ed buy american, i am as the oracle explained, and i quote, i haven't the famous idea as to whether stocks will be higher or lower a month or a year from now. what is likely is that the market will move higher, perhaps

substantially so, well before either sentiment or the economy turns up so if you wait for the robins, spring will be over, end quote now a lot of people think that was a pretty prescient piece, incredibly prescient there is one problem buffett published that editorial on the morning of october 16th of 2008 when the dow jones industrial average stood at 8,577. it then actually tumbled to 6,547 five months later that was the actual bottom. that's a 23% decline now some could be critical of that because that drop, well, it's not unlike the drop we're maybe having right now since he spoke to becky quick a week ago last monday maybe that's the process maybe that's even further along. but hold your horses, or your bears, or whatever, and go back over warren's words again. he wasn't even trying to cause short-term buying when he wrote that piece he disparaged the very idea of

doing so instead, he related that moment to past bottoms like when we troughed in 1933, or when it looked like we might lose world war go in april of 1942, pointing out that in every case, stocks bottomed before the actual situation improved. then he lists a series of negatives triumphed over oil stocks, or worse, nixon's resignation, multiple recession, even the flu epidemic, which is a good jumping off point for today, because we're at the beginning of something similar to a flu epidemic, and the experts say it cannot be controlled you hear it. you read it. i do too i don't know if they're right. say what you want about authoritarians who run the people's republic of china their heavy-handed quarantine is working. this would be a good time to close schools, shut down foreign travel, maybe even needless domestic travel. and certainly cruises. but at the end of the day, i'm not a public health expert i'm a statement expert when the market is getting hammered, i'd like to remember

what buffett wrote in 2008, because back then, the solvency of our banks, of our actual financial system was in question back then prominent main street economists and i've read them and read them and read them at time were saying we might need to nationalize the banks in order to save them yet the government wasn't just slow to act. it was downright negligent policymakers, what were they doing? they were paralyzed. >> they know no! they know nothing! >> the moral hazard of bailing out the bank was too great better to let the whole system collapse even after congress passed the $700 billion bailout, the situation was looking grim, until it wasn't. in march of 2009, fed chief ben bernanke took bold action, saying he wouldn't let my more bangs go under manage he should have done sooner, but better late than never. our banking system is the envy, the envy of the world. capable of handling far more stress than it did back then, and i think it can handle it

now. this time around, though we have a twofold problem. it's not really related to the banks, even though they act terribly first, the travel leisure companies actually survive judging by today's action, the market thinks that's an open question same thing for people gathering together in large groups not going to happen during this epidemic each day more and more gets canceled the second issue is more straight forward will you survive as in should you stay home to avoid getting sick for this we only have statistics the survival stats are quite good for most of the population except for people who are immunocompromised and the elderly, especially older people who are already in rough shape those numbers are bad. okay, let's call it what it is they're bad in aggregate now as i walked through downtown today from the exchange to my office, what did i see i saw carefree people on a beautiful day, strolling around smiling and laughing i thought to myself, don't they know what's coming haven't they read about the

state of washingtony certain areas almost seem like wuhan don't they know about the tighter treasury hitting record lows haven't they heard about the transports the transports, for heaven's sake will they ever be foolish enough to take a cruise again here is where i cam out. one, they there may not be any way to contain the scourge, at least not in democracy two, some of us indeed will get sick i hope it isn't you, i hope it isn't me, and a small percentage will pay the ultimate price for shaking hands with the wrong person but there is nothing to arrest the most serious cases but that seems wrong-headed to me once you go there, you're betting against the smartest people in the world. even as i worry for myself, my family and my friends, i'm not willing to bet against american scientists i have way too much respect for the people who develop medicines in this country and routinely save lives when we were told over and over again they couldn't be saved. even in most of your lifetimes when aids was ranging for example, that went from a sure death sentence to a chronic disease. miracle? no brainpower including the brainpower of the

most important person heading up this fight against this fire, dr. tony fauci respect him. which brings me back to buffett's words. where are we in the market right now? down a little more than penn% from the high. that's actually not that much. it's painful, i know but it's much more decline than we experienced when buffett told you to buy american in 2008. you have my blessing buffett was early last time. he is probably early this time there is nothing wrong with keeping more cash on the sidelines. right now cash is king, until of course it will become pawn again. i recognize the fragility of this moment. for those who pick stocks, this is a time to own recommending gold, some good staples, mainly food, definitely drugs, some utilities, like american electric power which is on the show tonight. but i also think it's awfully hard to time a bottom here why? i don't think we're all that close if things keep getting bad. i also don't want to wait too long to put that cash to work. i never like conflating real life and money but from the financial perspective, the system is a lot

stronger than it was in 2008 so if you sell everything, i'm not sure you'll be nimble enough to get back in at a lower level that will make you feel good for a couple of days if you're worried about yourself, your physical self you shouldn't have to worry about your money too certainly ifstoc s makes you more stressed about real life, i'm going with warren buffett. he was dead right in 2008. even if his timing, to say he was ill-advised, maybe left a little to be desired, i think see going to be right this time too we don't have the level. the disarray is palpable but as the oracle of omaha always says, be greedy when others are fearful please, if you're going to buy, buy gradually on the way down. be mindful of those nice people out there strolling in the sun today who don't even know to be fearful, and the tens of millions of people just like them corey in rhode island, cory?

>> caller: hey, jim, quick question for you. cf it continues to take a dip, do you think it's worth buying a the dip y like microsoft with satya nadella at the helm and you get atmoow and buy on a scale down, i think you'll look back a couple of years from now and say wow, i took advantage of one of the few real deep declines robbie in pennsylvania, robbie >> caller: hey, jim. love your show thanks for taking my call. >> oh, thank you what's going on? >> caller: booking, jim. i know it's been a big hit and it's near 32-week low. and i have substantial position -- >> which one was it? bkng >> i'm a huge believer in buying what i think is down a lot that is not in the blast zone and you're buying the so-called blast zone with that

and there is no need to. why? why take on the hardest when there are lots of very good yielding stocks that i think, let's just say allow you to sleep better at night. all right. as the oracle of omaha says, be greedy when others are fearful and that is worth repeating. especially on a day like today on "mad money" tonight, i'm talking retail in the time of a coronavirus. what's projected for the sector. i'll tell you why it comes down two things and then the market faced another dramatic sell-off today, but aiii-yaiiing one stock that managed to end in the green. don't miss my exclusive with sang mow and american electric power. i'm talking to the ceo >> don't miss a second of "mad money. follow @jimcramer on twitter have a question? tweet cramer, #madtweets send jim an email to madmoney@cnbc.com.

or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com. this volatility is unheard of, people use it to reevaluate your portfolio. >> you're the best >> thank you very much for your show and advice throughout the years. >> we have your back, and we will get through it together. >> thanks for always be willing to stick your neck out and give us your honest, informed opinion. >> i want you to know i appreciate your time to help us out. >> i am there for you. these times i am playing for you. you get every bit of my knowledge. i'm just trying to do my best for you. we always get through these together will this time be any different? no the barkins are empty nesters now.

so it doesn't make a whole lot of financial sense for them to stay in this great big house. but, well, this is home. it's where they raised their three boys. could they downsize? sure. will they? not as long as thanksgiving is a holiday. planning for the future is about more than just money. let equitable be your guide.

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[ barking ] ♪ you want to win in retail? you need to be off price or online everything else is in trouble, especially in this post coronavirus world, where things are getting a whole lot tougher for the whole industry

take today a company called burlington stores i don't know if you shop there i kind of like it. it reported a great quarter. the stock ended down slightly. but burlington, a classic offprice chain put up 3.9% sales growth also looking for 2.9 that's a major beat. on margin expansion and the promise of more down the road, a yound know burlington's got a bright future, each if the next few months might be difficult for the whole industry on the other hand, there is kohl's a mortar and brick with an online strategy that is just not as good as target or walmart. they boosted dividend but after the rally ever so briefly, the stock started falling like a rock, including a brutal 6% decline today. at these levels, the darn thing sports an 8% yield the payout may be in danger. they just raised the 205%. how is that possible simple kohl's is neither offprice for online

same for macy's. paying down debt, developing their own offbrand chain scauld backstage. what does that get you nothing but losses for those who own the stock. macy's has fallen so far, a 13% yield which is the market's way of telling you the ceo needs to cut the dividend would he do that to preserve the cash, even though the company is profitable maybe. certainly not in the plan. what mattered is macy's is cored to be a full priced brick and mortar business. worst than small base in most of the country and tourism based in new york the portfolios hanging around your neck with the virus sweeping the nation. okay, now contrast that with walmart. an extraordinary offprice and online strategy that seems to be working. walmart's stock barely got dinged today it gives you everything that a stock picker would like right now. it's a double play of course there are hybrids. i like cvs because of its aetna

health insurance division that's looking a lot more attractive in a world where joe biden is the presumptive nominee. i don't like walgreens because it's just a drug store we own cvs for actionalerts.com. you can follow by joining the club kroger is working. good numbers today really, the stock surging 8% i think krogers is about as close to offprice in online as an old line supermarket can be costco's results were awesome tonight, and that's the place to go if the market crumbles on covid-19 covid related fears finally, dollar. dollar general has one of the best poerms and keeps expanding. dollar general is offprice, but i like the model i like the company but then there is dollar tree. we had them on last night. these guys used to be the king of the dollar shores it is where i shopped until they bought dollar. since then it's been rocky stock down about two bucks during that same period dollar general nearly doubled search it time to take your profits in dollar general and plow them into dollar free not yet.

for now this is a show me story as the ceo acknowledged on last night's show right here, the company's dependence on china causing real supply chain disruption there is tariff issues and the coronavirus has shut down vast swaths telephone chinese economy. nod good for them. the dollar stores are the right concept. if dollar tree gets it right you could have a huge gain but that needs to be proved. the bottom line, if you want to succeed in retail, you need to fully commit to offprice or online everything else is going to have a much harder time in general, especially in the middle of a possible pandemic. and remember, it has more to do with the buyers not wanting these stocks than it does necessarily with how the companies are doing. okay i want to go to lee in new york. lee? >> hey, jim. boo-yah. how you? >> i am doing well how about you? >> i'm doing great i want to put you on the phone with my son. he's got a question for you. >> there you go. >> caller: we watch you guys every night. and try to teach him the importance of investing at a young age like you always preach here is my son hold on. >> okay, thank you

>> caller: boo-yah, jim. >> boo-yah, partner. what's going on? >> caller: this is lou jr. from new york i'm 11 years old, and i watch "mad money" every night with my dad. i love your show thanks for taking my call. ♪ hallelujah >> thank you what's going on, friend? >> caller: i want to buy my first stock and my question is about video games. i play fifa, madden and nhl made by the company electronic arts, symbol ea, the market going up and down every day, do you think it is a buy? >> he's got horse sense. i like ea. candidly, i take take two better but you know what you like the games. you know them. and that is something that people are going to do, stay at home these stocks have been act investigator well. i was going to recommend the group again today. so i bless ea. and thank you for the call i like that kid. need an assistant right now. let's go to will in georgia, please will >> caller: hey, jim, you're a gentleman and a scholar. >> oh, boy, my dad always said

that to real nice guys what's going on? >> caller: my call is regarding the retail pharmacy stocks and by the way, i do own cvs >> okay. >> caller: so year to date, cvs is down 15%. walgreens down 20%, and rite aid is up 14%. have i two questions >> sure. >> caller: first, how on this green earth is rite aid up 14% when less than a year ago their stock was at 69 cents and the company did a 20-1 reverse just to avoid being delisted. and they only have 2,000 stores where cvs and walgreens have more than 10,000 stores each do you recommend buying the stock, jim >> what's happened is so many people were betting against it, that when it turned out to have a pulse that >> had to go cover and they're still doing so look, i'm stuck with quality cvs is higher quality than rite aid. but i understand if someone wants to spate with rite aid, they have my blessing. i like my rite aid very much, including my pharmacist. how about jeff, also in georgia. jeff >> caller: hey, jim, boo-yah

>> boo-yah >> caller: with a good-looking dividend, i'm interested in your analysis of big lots >> man, they missed so bad they missed that quarter and it was disappointing i got retailer likes a walmart that haven't been missing or a costco that's important this evening. and this fa stock comes down, it's on profit-taking and that could be a great place to go we have what i call high grade portfolios in this time of turmoil. memo to retailers. if you want to win, commit to off price or online. everything else, let's just say is suspect much more "mad money" ahead, including my exclusive with one of the few stocks that ended up today. don't miss my it is down with sangamoao. i'm buying one stock many turn to in a panic. they do go to generac. and i'm taking all your calls in this night's edition of the "lightning round." so stay with cramer.

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this volatility is unheard of, people use it to reevaluate your portfolio. >> you're the best >> thank you very much for your show and advice to throughout the years. >> we have your back, and we will get through it together >> thanks for always being willing to stick your neck out and give us your honest, informed opinion. >> i want you to know we appreciate you trying to help us out. >> i am there for you, right these times i am playing for you. you get every bit of my knowledge. i'm just trying to do my best for you. we always get through these together will this time be any zmift no ♪ it is time it's time for the "lightning round"

>> buy, buy, buy buy, buy, buy! [ buzzer ] >> and then the "lightning round" is over are you ready, skee-daddy start with sean in virginia. sean >> boo-yah, jim. thanks for taking my call. >> boo-yah >> so i had a holding in my portfolio. mtmf i bought high and low, or average about $36 per share. and i have a pretty long time horizon. >> you're going to need a long time horizon for that, because they missed their quarter very, very badly and it's not like a situation that's a dexcom, i think dexcom is an example of a stock that holds up rather well carol in new york, carol >> caller: hi, jim first, i just want to say that i think it's likely that your save lives by talking about your virus preparations here and on squawk so stay well >> thank you >> caller: now my stocks i have nearly 7% of the 10% gold

target the larger part is gld from about 25 years ago, and more recently i've been buying only barrett. is franklin novato >> i like franklin novato very, very much. it's in my sweet spot. thank you for the very kind comments i'm tired of this 315 stuff. but you got to do it, because i do it for you. and i think i think fmb is a good stock greg in california, greg >> caller: hey, a big boo-yah, jim. from my later father tim who was an avid fan of your show. >> oh, geez. i wish i had met him glad he liked the show >> caller: he loved it my question is about shockwave medical. >> i like device here. devices are the right place to be i just meant referenced dexcom i think medical device, gold, pharmaceutical very good especially when they're down richard in illinois, richard >> richard >> richard >> caller: yes, sir. >> you're up, richard.

it's jim you got him. >> caller: i'm sorry, can you speak a little louder. >> sure, it's jim. you have jim on the phone. >> caller: hello >> okay, this is an ill-advised situation. i think we should go to scott, frankly, in texas. scott? >> caller: yes, hi, jim. >> hi. >> caller: thanks for taking my call i'm a big fan. >> thank you >> caller: i was just calling about servicenow i know you're a big fan. >> i am a big fan. and i think that bill mcdermott is a bankable guy. now understand even the best ones like a splunk, greatette quarter, down 14 today like a costco getting hit in the after hours. anything can have a short-term problem. but i am with bill mcdermott i am with servicenow let's go to chris in virginia, please chris? >> caller: hey, jimmy chill, boo-yah. >> boo-yah, my friend. what's going on? >> caller: hey, i'm 33 i've been watching this show since high school. you've really helped me mold myself into a great investor

i'm grateful thank you. >> thank you >> caller: i found a company that really seemed to benefit from the secular tailwinds of the growing esgn indexing trends what's your thoughts on msgi >> run by my good friend henry fernandez. yes, he is my friend, from real life he is my friend because he and his wife are good friends with he and my wife handy does a remarkable job. i've been recommending his stock since i met him. and i'm sticking with wit. i met him a long time ago. charles in new jersey, charles >> caller: huntsville. your insights on dq? >> have i enough problems. this is a chinese company and i think the chinese market, let's just say -- [ buzzer ] how about it lacks a level of transparency that i like, okay let's go to rich in watching y the kudlow days. >> there you go. hi to larry, doing his best down there. what's goihis best

i don't give a darn. i like the guy he is my buddy, which a target of 163 and expected arrow pace merge were raytheon and over 2% dividend, tell me buy, sell or hold united technologies >> okay, united technologies numbers are probably too high because of carrier and otis. there have been a number of notes out about that i do ultimately like the combination, but it's going to be a rocky situation and that, ladies and gentlemen, is the conclusion of the "lightning round"! [ buzzer ] >> the "lightning round" is sponsored by td ameritrade ♪ ♪ ♪ ♪

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♪ you know, i think this coronavirus outbreak is serious. just look at the dow down nearly one thousand points again today. but the turmoil over the last couple of weeks has taken up all the oxygen, making it hard to focus on exciting stories that are in full mode take sangamo therapeutics focused on gene therapy, general momentum editing these are technologies that could transform the entire health care industry regardless of corona. late last week, sangamo and

biogen announced they partner to develop gene regulation therapies for terrible neurological disease including alzheimer's and parkinsons alzheimer's is the white whale of the pharmaceutical industry nobody has come up with a workable cure yet. but if they do, it's going to be a game changer that's why sangamo jumped 28% last friday when the news of the collaborations, and i bet it might have farther to go if things work out and if the market weren't so awful. let's dig deeper with mr. sandy macrae he is the ceo of sangamo therapeutics to learn more about his company. welcome to "mad money. >> good afternoon. >> okay, so sandy, just so you know, six years ago we had sangamo on the show, and kind of want to reintroduce your company because it's been a long journey. what have you been up to >> so sangamo is like two companies. as you say, we've been around for 25 years when we started, there wasn't even an ability to sequence the human genome

and in that time, sangamo pioneered the first ever editing of human cells, the first ever editing in a human, and then i took over four years ago, and we're like a startup based on a new technology and the technology that is proven and trusted >> let's talk about the partnership that you really has transformation part that was announced last week. it seems to me that one kind of derisked the company, but two, kept as much as say $6 billion in upside if things work out how did you get such a magnificent deal >> it is a good deal it's a really good deal. and it's easy to talk economics. but for a company like us where we can change or interact with any part of your dna, your human -- 20,000 genes that you have, we can't do it alone, and we don't have the biologists and doctors to take it forward so what we like is that that's what biogen's expert at. they needed the technology that we could give. we needed the expertise that

they could give. and it was a competitive process. so there was five companies involved in it, and that's what results in the economics that you see. >> now a lot of this is up front. sometimes you see these deals, and they found big, but it's really more in the add years right up front you got a lot, didn't you >> it's remarkable we get 125 in up front cash and 225 in equity after 25% premium. and that is really unusual for two of the 12 assets that they're licensing. we've done some work the rest are just genes that they would like us to look at. so this is a remarkable amount of money for things we haven't even done any experiments on yet. but the reason, if i may, the reason for that is when all of the scientists from all of the companies came and they looked at our science and they saw what we could do, they were so excited. and so it's a real validation of the sangamo platform and i would argue an example of

other deals that we will do. >> i think it's important to point out, as it was in the conference call february 28th that you are just now -- you will be recruiting patient throughout 2020. i think there were people under the impression that perhaps it's already started. bury that's something that's ongoing right now, right you got a review board and you're trying to figure out what the different protocols are? >> so the clinical studies for alzheimer's and parkinson's disease will be run by biogen, and those will happen two or three years from now so these are preclinical assets. but biogen are excited by the potential of this. what it does is it turns off what people believe is one of the most potential causes of alzheimer's, right to the source, right turns of the gene. so if this work, it offers great hope for the five million patients with alzheimer's and the many patients with parkinson's disease. >> let me ask you something, sandy. obviously the whole country is

gripped and the whole world is gripped now with something that i know you're not the expert on, which is this covid-19 but the thing is that if you can work on the toughest thing that people have always said is no hope, for alzheimer's, don't you think it's possible that some of the great scientists in the world you know might be able to come up with something that makes so it that there are fewer deaths for this influenza? >> i think that's a very fair challenge. i'm a doctor and i sit on the board of bio, which is the industry association of companies like ours, and we take it really seriously. our technology is not the right one for this virus, and our job is to get out of the way and let others do it but bio is taking it very seriously in applying all of our different technologies across the board in bio to try and find a way forward. vaccines will be the way forward in the near term, but applying the innovation that is part of

the american biotechnology eco sphere is really important to help with this >> i'm going to leave it on that. >> there will be a solution. >> okay there will be a solution i'm going leave it on that all day today and all last week, i've heard there can be no solution and you're someone who is a lot more thoughtful about these issues than a lot of the people i talked to. sandy macrae, sangamo they' therapeut therapeutics thank you so much, sir. >> my pleasure >> now i always say that it's possible to own something that could be very, very big that's speculative. i'm the only person on tv that thinks it's okay to put some of your money in speculation. you see why? because somebody like sandy macrae and a company like sangamo therapeutics "mad money" is back after the break. do you have concerns about mild memory loss related to aging? prevagen is the number one pharmacist-recommended

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it's almost like a challenge everyday myww's been an amazing journey. to see how well i can eat and still enjoy myself all day long. i wake up every morning to see how much weight i've lost and how much better i look. myww join today with the ww triple play! ♪ another ugly session where we repealed most of yesterday's rebound -- not all let's focus on one of the rare stocks that is working in this environment. i'm talking about generac you might recognize from its in-home power generators when the averages were bouncing hard yesterday, generac made a new all-time high at 118 even a terrific sell-off, it's only pulled off to 116

how is that possible generac is the kind of name you buy during a panic it roars when we're worried about natural disasters like hurricanes but if you're really freaked out about the coronavirus, i can see the appeal of having your own generator. generac reported a phenomenal quarter a couple of weeks ago. last year they made a couple of clean energy acquisitions. stores that make solar power a lot more viable. and the storage systems are selling like hotcakes. could this have more upside? let's take a look with aaron jagdfeld, the chairman and ceo mr. jagdfeld, welcome to "mad money." >> thank you >> i have to tell you, there are some mega trends out there, and you and i are aware of them. you were playing into almost all the big mega trends. >> we see a number of things first of all, the energy markets. so this traditional utility model. the power comes from a power plant goes hundreds of miles to your house you pay for that you have a utility company it's a monopoly, basically

>> we have american electric power. >> you don't have a choice on who the provider is. you don't have a choice on what you pay for the power that you receive. >> right >> you maybe can control some of the demand side of that, but that model is going to change dramatically over the next ten years. that's a $4 trillion industry. and that's going to change in a big way. we think that decentralized power generation so rooftop solar, storage, maybe even using a gas generator like some of our legacy products to generate power and then store that power and consume that power and use that power when and where you need it >> including i put solar panels up, and i can get power and store it with the generac. >> correct. >> and then use it when i want to >> correct >> right now >> that's right now. that launch, that product actually launched in december. so we bought two companies last year and got into this space spent over $100 million. we bought a company called nurio technologies and pica. it's a smart storage system. think of it like an appliance. so it's an appliance you already have that solar, if you have it or are going to add

solar at some point. the problem with solar, it's a one-way trip you're sending that power back to the grid. >> right. >> let's say you're in california and you have a problem what pg&e has created. the power goes out but you don't have storage, your lights are out. you might think but have i solar. the sun is out why don't have i any power ube a that's a one-way trip. if you have a storage system, you can store that sunlight, and you can use that battery to provide for resiliency if the grid goes down, you can consume that power at points in the day, maybe when pg&e or some other utility is charging you a lot more off the grid. so it's an energy savings appliance. >> but there is only one other company that does. this you guys are really the only game in town. >> we are. we think that it's a pretty unique space for us. we think our brand -- with our legacy products, which we've done great with. the home standby generator >> with the grid being bad, many of my friends have it who are in the suburbs because it's unreliable we never thought in our lifetime that the grid would be

unreliable, but it is. >> the grid reliability problem is real. and people suffer through it you suffer through outages >> we just accept that we have to throw out everything in our refrigerators. and we accept the fact that if you're sick, there is really nothing you can do and that's not acceptable. >> no. we created a product category for that so you don't have to live through that. it's a billion dollar a year business now it's a huge business we look at storage, and we see a lot of parallels and how that's going to grow over the next decade we think that's another billion opportunity for us >> i have to tell you, my wife's reaction, it can't be. that's snake oil how did you do it? >> it's not snake oil, i can guarantee you that. >> no it's unbelievable. >> happy to talk to anybody about that. >> both of us were it's kind of astounding that someone could produce that machine. >> pretty cool. >> you bought the product. you must have tested it over and over again, realized it worked this is available to anyone who has a rooftop.

>> that's right. if you have a rooftop. if you want to have some more independence and flexibility with your energy needs, you want to reduce the costs, that's what you want to do and you want to add -- you're pry trying to be part of the solution, not part of the problem when it comes to climate change that's the other trend is the conversation and the attitudes around climate change are real >> how do you keep these in stock? i have got to believe the demand for this is extraordinary? >> it's not a demand side issue. it's a supply side issue at this point. so ramping supply chain. our initial guidance when we bought those companies, we thought we would do 50 megawatt of backup power. it's 150 megawatts that we think we're going to do this year. it's three times what we originally thought in our business case. >> in times of stress, in times of panic, people reach for generac. is the coronavirus that kind of panic? >> you know, it's interesting, because you get people, they get concerned about everything >> right. >> having clean water, having access to food they don't want to go out of the house. so they start thinking about this what happens if?

so we have where the product starts to become popular when you get something like this is people who have additional use cases for the product or needs maybe they have a sick family member who can't leave the house. >> which happens >> older parents that live in the home so they have situations where they want to keep people from being out of the house and they're very concerned if they don't have a continuous supply of power >> one last question let's say i have a tesla, ideal, right? >> absolutely. >> and it can sync with tesla. >> tesla would be a competitor too. >> they have their own hing. >> rights. >> but if you have an ev, electric vehicle, think about this if power is out, you lose transportation >> tesla, they seem to de-emphasize you guys, on the other hand, are ready. excellent. that's a terrific story. i'm glad, because i saw the ads, i've got generac on. that's aaron jagdfeld. the chairman and ceo of generac. look, i am a stock guy fascinated by great stories. i know that i also feel like i

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♪ as the bond market takes control again with the yield on the benchmark ten-year, trading down to.91%. what are you supposed to do if you are an investor who wants income bonds are safe but they're paying you next to nothing what's usually a safe place to put your money during a slowdown the utilities. the utilities like american

electric power, an ohio-based utility that owns the largest power distribution network in the country along with a bunch of power generation assets, including a growing portfolio of renewables while the stock doesn't have a monster yield, a 2.8% payout, it's a heck of a lot better for t-bills that could be headed for negative rates in the economy throw slowing. nick akins, the bankable chairman and president of american electric power mr. akins, welcome back to "mad money." >> hi, jim great to be with you again. >> it's great to be with you, nick i tell people that they should be in aep, about 100 times a year, maybe more and one of the reasons i do that is because when rates go down, even if there is a little bit of slowing in the economy, you can still beat your numbers, which you have consistently, and i think people kind of think it's magic. but it's actually the way you guys run the enterprise. >> that's exactly right. i characterize it sort of as a veritable fix for our

shareholders there is a lot that inputs the change, weather, investments, everything else. but in the end, we wind up being very consistent from an earnings and dividend profile because of the kind of business that we're in, plowing money to really invigorate our customer experience and improve the infrastructure that serves this nation >> now there are some areas in your coverage that are aware that they're not as strong as the gdp. and yet some people might think well, wait a second, there is no way nick can make the numbers. he is actually below the gdp and in some area there's is less industrial how is the mosaic possible that you can beat numbers, even though you say yourself in your own documents that you're a little bit light of gdp? >> i think you can translate to it the electrification of society. and when we see transportation growth with electric vehicles, we see obviously different sectors of the economy throughout this nation we serve a large footprint of the nation with a very diverse set of load profile characteristics in that with our

residential, commercial and industrial customers and sectors within that economy continue to grow considerably. oil and grass continues to grow. transportation related to oil and gas, hospitals, education, those are growth areas for us that continue to advance and really our investments drive our continued growth we spend about $7 billion in capital every year focused on infrastructure and refurbishment of that infrastructure so that drives consistency and the returns that we deliver for our shareholders >> and can you take advantage of these low treasury rates because you've got such a great balance sheet to be able to get a good price for the money you need to constantly build. >> oh, that's right there. is certainly a balance sheet expectation there that we deploy capital in a very efficient sense, and we have plenty over employeeses to deploy that capital, as you said the largest transmission system, the largest distribution, and certainly with what's going on with the advent of renewables

and clean energy technology. there is plenty of areas for growth that we're investigating in >> so nick, let's say we close the schools in your area let's say people are supposed to work at home in your area. how will that impact american electric power >> well, it's really interesting because we have the most margins in our residential sector. so if people are actually working from home, we may actually financially be very secure from that perspective because of the margins that we get from the residential versus commercial and industrial. so as we look at our economy and actually, we haven't seen that much impact to our economy because most of the coronavirus activities would occur in large metropolitan areas and we're more midsized cities and rural areas. we'll probably see much more resiliency in our territory as a result of this ongoing coronavirus issue. >> i want to ask you about a niche business and whether that

could threaten aep some day. we have generac on, which you take solar power and are able to put it in a battery. it's niche now is this something that aep worries about, that they see company -- individuals kind of intermediate yating aep and having their own electricity >> no, electricity well plan on being a part of that we're putting in microgrids. we just put in a solution at notre dame in partnership with notre dame, a solar facility we're actually doing that around the country in 38 states, doing different solar, wind projects, and storage projects as far as away as hawaii so there is really plenty of opportunities for us to engage with customers, credit worthy counter customers that drive continued growth for us as well. we're not afraid of that matter of fact, this company is in various foundations from a financial perspective to be able to focus on those aspects of the future that makes sense for our

customers and the engagement with our customers. >> and i always tell people well, jim, these utility guys, i guess they like coal or something. i know nick akins. nick akins has done his absolute best to have as much solar, but particularly wind as possible. and it looks like you got a another chance here and maybe this one won't be threatened by the interests who don't want you to do wind >> our north central project in arkansas, louisiana, texas, and oklahoma, that is well on its way. we got approval in oklahoma. we expect to get approval in arkansas and louisiana as well and certainly texas most likely will follow, hopefully but even that project now is at a point where we're going -- that project is a go and this is the fourth largest in the world if you take all three of these projects together so very definitely on the regulated side of our business, the transition that's occurring to a clean energy economy with renewables, and other activities are certainly coming into play >> all right

let's leave there it, because that's about the most hopeful thing i've heard in the last few weeks. that's nick akins. president and ceo of american electric power nick, always great to see you. >> thanks, jim >> see there are stocks you can own i've been saying there is a bull market in utilities. i know you want a bull market in the industrials or maybe you want a bull market in the banks. you got the take it where you can get it stick with cramer. the invitation to lexus sales event now through march 31st. get 0.9% apr for 60 months on all 2020 models. experience amazing at your lexus dealer. apps except work.rywhere... why is that? is it because people love filling out forms? maybe they like checking with their supervisor to see how much vacation time they have. or sending corporate their expense reports. i'll let you in on a little secret. they don't. by empowering employees to manage their own tasks, paycom frees you to focus on the business of business. to learn more, visit paycom.com

♪ i offer no false hope, but i will not propagate fear. and always remember panic is not a strategy raise some capital if it will give you peace of mind but remember what warren buffett said ultimately you have to buy when others are fearful, and you don't know exactly where the bottom is, but there is a bottom of that i can assure you i like to say there is always a bull market somewhere, and i promise to try to find it just for you right here on "mad money. i'm jim cramer see you tomorrow cnbc special markets in turmoil starts right now

good evening, everyone i'm tyler mathisen open on day 67 of the coronavirus crisis wh whiplash on wall street as new york doubles the amount of confirmed cases in the state >> the dow falls 969 points. >> we are in the midst of a wild day on wall street >> wall street'