get out of the uncertainty zone. valuations are something we can figure out as these guys are talking about, probably not overnight, it's time to look at valuations, but not tomorrow. >> guys thank you very much. thank you to our guests. historic night we have continuing coverag dow down mad and jim starts right now my mission is simple to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help 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 not just to educate and teach, maybe entertain some, but to put this in perspective

call me nothing is business as usual anymore. we know that we have had a collapse of epic proportions thanks to the coronavirus, oil price war dow plunged another 2353 points today. i do not even feel like pressing the buttons. oh, jesus. s&p plummeting and nasdaq diving these are hideous. i get it these are scary times. we're afraid for our health and the health of our families we don't want to lose our jobs we don't want our nest eggs crushed. i've give you a six-part plan that could blunt the financial impact of the outbreak while allowing us to contain the virus, maybe save you some money. i know we can beat this thing, okay i know we can, but beating it most likely at this point means causing a recession. we know this is coming that's what's causing these stocks to go down. we should do everything we can

to make it easier for the hard-working people of this country. but in the end, this is still "mad money," not mad science or mad public fiscal policy that means what do we have to do we actually have to be constructive we have to be on the lookout for opportunities that are being created by this panic now that the averages have plummeted last seen in 2018 when it looked like we were headed for a fed-mandated recession the dow is pretty much at that level. the s&p still has further to fall just to get back to december 2018 in the powell generated bear market. so, again, i'm not saying it's over i said for the last few weeks we can hit that level we're not there yet. why bother to do this? because i am not calling a bottom i'm trying to do something that is necessary i'm trying to tell you how to bargain hunt in a market this toxic. we fall back on what worked during the great recession, and it did work. back then we circled the wagons around what i called ayhs. accidentally high yielders

companies with good dividends and sound balance sheets with the yield at meticulous levels because their stock prices perhaps never should have gone so low i'm picking stocks where i believe that to be the case. how do we replicate it what i start with is a screen. i do a screen of companies out of here. i do a screen of companies i'm looking for stocks that yield around 4% or more because the treasury rates are so low. we don't get much. these are companies that i'm picking that have healthy businesses i believe will hold up during a slowdown, will hold up during a recession. sure, we might not even -- no, we won't catch the bottom exactly, okay? which is why what we do is we buy small, we get bigger as the yield grows. this hunt is one of my favorite exercises. why? because it's clinical, emotionless, ice water in veins and it will give you so many what you really want and crave income-generating securities you're not getting much for securities at all.

income generating opportunities that will pay you for them it guarantees if we solve corona, you are a winner those in cash won't win or gain anything when, not if, when that happens. the first up is united parcel. ups. we all know the brown trucks we know ups has the best brand name and offers fabulous service. obviously the stock hasn't been doing well because it's a play on commerce and ecommerce. today we learned cal tomei has been named the new ceo of ups. this brings on the savviest financial mind of our generation she's helped fend off amazon, something ups needs more than ever ups can cover the dividend which gives you an accidentally high

4.7% yield i would buy some tomorrow and wait for it to go lower and leave room for lower prices. given that carol's been on the board she can figure out ways to keep the payout without sacrificing the service or making the company it's great seeing her run such a complex organization she was born to do this. congratulations carol tomei for this much deserved albeit unexpected appointment second, i'll go with abbvie. they're not getting the respect they deserve it has a good growth and good balance sheet. richard gonzalez has done a good job of putting together this merger, the merger is with allergen then he'll get busy running the portfolio including botox. as the spokesperson for the american migraine association, i

know allergen's new migraine pill will be a blockbuster it's called, because i take it, ubrelvi. where do they come up with these names? it's worse than mondolese. think of migraine like a charging elephant. this pill doesn't prevent the elephant from charging but it does get it off your head. best of all, abbvie has a 6% yield. what a good get. just be ready. those who are going to criticize me and say how could you suggest buy, later on in the show i'll tell you interesting times to buy that surprise you. i've got to tell you once again, i'm he not calling a bottom. i think the s&p has to take out the 2018 level but i'm trying to find things that will last more than 48 hours. and here's a good one for you, verizon. verizon has come down to a level that you had to buy it

i liked it yesterday i loved it after the beatdown. verizon is the premiere wireless provider with a great balance sheet. lack of price sensitivity of your cell phone bill is extraordinary. you can't live without the darn thing. that's why i'm salivating for that and the 4.8% yield. how about at&t not as rock solid. i think verizon snaps right back fourth, how about a bag? i've got one for you hold your nose get this this is going to shock you i need you to think about buying wells fargo. yeah, it has a new ceo smart. he is honest he's clever. by the way, he's funny i think the stock's worth buying it the fella's name is charlie sure he's a regular raymond shaw. he used to run visa. he transformed the company into a technological powerhouse i used to think he was scary

that's what the broken wells fargo needs. why risk it? because despite all of the misdeeds, the customers still love it. while it will take time to clean things up, it's encouraging that the lightning rod quit this week why buy it now when the banks are so hated because after the stock's hideous decline, wells is paying you. buy some maybe it goes to 80% buy some not a bad guy. nice guy fifth, we need a utility i like dominion utility. letter d it owns liquefied gas in a year where many people believe natural gas industry is in the corner dominion's told us that they have ironclad contracts. i actually believe them. i believe tom farrell is the

bankable ceo that's why i reach for the 5 point be point 3% yield. i keep stretching, it's not the bottom, it's the start last, you want to call it, you can get it at 7.28%. i can't. last, 6, i want a tech a tech that's levered to an unassailable trend 5g kwa qualcomm it has a 3.8% yield. tomorrow it slices through 4.5 give you a prep, 4.5 it's a buy. before that, no. i don't know when this breakdown comes to an end. as i said, i will say again, all of the work i've done says it's still got to go through the s&p level of 2018. it's not there yet we don't have a stimulus plan in place. why should we need one i think it's time to buy a basket of accidental high yielders ups, abbvie, wells fargo, vez, dominion, qualcomm

i like them so much that if they go down more, you can keep adding your position into weakness we did it in 2008, '09 we crushed it. they get cheaper as they go lower. this unforgiving market, that is all you can ask for. chad in new jersey chad >> caller: hey, jim. congrats on 15 years with the show want to talk to you about cleveland clips. $2 billion in sales last year, 300 million in profits bought ak steel. lorenzo cleared the deck bought 200,000 shares yesterday at 449 current price 379 after hours. my question to you is when do you see the shorts getting squeezed >> i don't necessarily think the shorts are getting squeezed. obviously what i think you can say is you are betting that it is more than a lottery ticket and the company is much better than it used to be it is levered to worldwide

growth if you like thecompany, stay with it. it's not where i'd like to be right now, but i like your con slingt let's not worry about the shorts let's worry about the longs. >> can i go to satya in virginia >> caller: boo-yah, jim. >> boo-yah. >> caller: long time first time. >> good to hear from you i like new people. >> caller: yes, love watching your show. my husband and i watch it every day. so with all of this volatility and the recent pull back, what do you think about h&r block >> you know, h&r block has a competitor and its name is intu intuit brad smith is the chairman he is unbelievable i think when you have as powerful of a competitor as intuit, it's very difficult to buy h&r block. the dow is down. i'm using a target that's let's say 5, 6, 7% town from here when we take out the s&p level of

2018 but, you know what, it's never too early to start looking at high yielding stocks that weren't high yielding when we got into this. i don't know when the sell will end but i think you can start creating a high yielding portfolio that will last for the ages now you've got some names. your kids can own the stuff, too. on "mad money" tonight, with the s&p and nasdaq joining the dow in the bear market, we need a plan i'm going to sit down with someone who knows finance because i've known her for a very long time it's senator elizabeth warren who rolled out her own $750 billion stimulus package today and a lot of it is plain old good common sense. then here lies the bull market don't miss my obituary, i've written scores of them and with so much misinformation floating around regarding the coronavirus, i've got an idea, let's talk to the ceo of a company that's got answers stay with cramer don't miss a second of "mad

money. follow, @jimcramer on twitter. have a question, tweet cramer #madtweets send him an email @madmon dls m cnbc dth com miss something head to "mad monemadmoney.cnbc.. (upbeat music)

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this is a national emergency. we need everyone to rally together to beat this virus and preserve the jobs, the health, the dignity of the american worker, which brings me to senator elizabeth warren who rolled out her own $750 billion stimulus package earlier today including subsidies to have paid leave, unemployment, aid to state governments, lots for the health care system, social security benefit increases, student debt cancellation and major investments, yes, indeed, in all the public health areas that we need it so badly you may not agree with all of this big picture, she's right about the scale of the problem

let's check in with massachusetts senator elizabeth warren she's the ranking member of the senate subcommittee and of course a former presidential candidate. welcome back to "mad money." >> thank you it's good to be here. >> senator, the scale of this is pretty much beyond -- actually, the can of most people in america. you're offering some specific proposals, but i'd like to hear what are the ones you think need to be done now in order to preserve the health, safety, and welfare of the american people >> well, you start this in the right place because the first thing we have to think about is the health of the american people, and that means right now. we need to guarantee that we're ramping up on the testing and making testing available for this virus and that it will be available free to everyone because we want people to get tested we should also guarantee right now that as soon as a vaccine is developed it will be available free to everyone because we want everyone to get vaccinated and we should guarantee right now

that there will be a pot of money available to cover everyone who has to miss work for a day or several days either because they have the virus or because they are taking care of someone who has the virus. those are good for all of us in terms of our health and reduce the amount of contagion. they are also good for us economically so that's where i start every part of this beyond that, it is time now to be thinking about a big stimulus package. look, we've just seen what happened with the markets closing. we need to show that we have a government that understands the scale of this problem and understands that the approach to it is to get money not just generally hose down the economy, but to get it down into the hands of the people who will put it down at the grassroots level and help support this economy from the ground up so that's the basic approach. >> senator, i see and you've added to your proposal, i can't agree with you more about the

size something that really sticks out to me, low or no interest loans to companies of all sizes that have negatively been affected by the coronavirus. so if i keep my workers on my payroll, i can get a no interest loan even if i'm not getting any people, no customers in, i can keep paying them because of those loans? >> exactly and you've put it exactly right. this is not saying we're going to lend the money out no strings attached it's that you've got to keep the people on your payroll that keeps money in the economy. and if you'll do that, we'll keep lending you the money to see us past this crisis moment that will help the economy in multiple ways, keep these businesses open. so that when people are venturing out again and we are putting money in from the other direction so people have got money in their hands, so people are still earning their paychecks, they'll have open stores to come to and goods to buy. this keeps the circle going and that's what we want to do. >> another group of people who

have been disenfranchised by the cost of higher education student loans have been such a burden to people i know it's sacrilegious to ever talk about it, but i think at this time it's time for sacri lidge. student loan debt cancellation tell us about it. >> so, look, here's the basic idea is i want to put this issue on the table think about how we get money into the hands of the people who need it most and who will spend it quickly because that's what you want you want real velocity of this money. and we know that if we can relieve this burden for young people, 600 bucks a month you're not having to spend over the next three months on your student loan debt, think about what that means. makes it much easier on the student and it's just like -- it's just like giving them cash. it means money that they can put-back into the economy. i -- and it's a perfect place to put it notice the two places i want to balance this out are with

students, which tends disproportionately to be young people, all thee there are people in their 40s, 50s, 60s and on who are still dealing with student loan debt but disproportionately, young people in addition, i think we should be increasing social security payments and disability payments my proposal is increase it $200 a month. agree to to it at least for a year that guarantees people more money coming in and there's a great paper out by christy roamer, i hope you take a look at it, that shows that money going into the hands of social security recipients is money that goes straight back into the economy. >> i'm familiar with that and you're absolutely right. it's empirical senator, how about something -- everyone in this country and every company at various times right now has to pay the government this is a time where you have to take money that you have and give it to the government. what would you think about the government doing a gigantic, say

a $500 billion troeeasury, offerings are low. we can take a break. a 60-day break where no one has to pay the government because it's running on that money too crazy? too right? because of the national emergency don't we want that >> here's my concern i like the scale you think in. here's my concern. it disproportionately goes to people with more money. >> true. >> the problem is we all know that in a crisis when you're trying to boost the economy and stimulate the economy, putting more money into the pockets of people who already have a lot of money does not increase the number of pizzas they buy, december ndoes not keep them out buying consumer goods putting that same amount of money into the hands of people who are living closer to the economic margins, like people who are dealing with student loan debtor people who are living on disability payments or ss, thatsocial security, that's

the money makes it back in i'd much rather see us target it rather than across the board. >> you're absolutely right, senator warren i am trying to think as big as you are. i do believe you have got common sen senseiccal ideas you have been critical of the administration that is absolutely in the purview of everyone, but i have to say the things that you're mentioning are things that any republican or any democrat should find as common sense. do you think there could be common ground or are you just too far away from the president? >> you know, i hope there can be when we see today, just what we've seen today, the number of increased number of deaths, number of people who have been diagnosed, concerns in communities all across this country where we're starting to close public schools, shut down events, museums are closed, sporting events are shutting down

the boston marathon may be postponed for several months that as we're watching this, at the same time that the stock market is dropping, as you will talk about a lot, and the economic impact is beginning to shake the foundations of the economy, i hope that means that in washington we can set aside the politics and actually come together for the health and the security of this country >> i think your common sense sickal view will allow that. i know you still have not chosen who you will support for president. if it was this issue, which is an issue of ultimate importance to this country, who do you think could handle it better >> now, look, right now i'm pushing the trump administration to do a better job that's the urgency of this moment. >> i like your answer. >> and that's what we need to do so let's talk about what we can do tomorrow because that's what we need to do. >> i so appreciate you coming on

with common sense ideas to help the american worker who is the most exposed and for also telling me that my proposal does advantage the rich too much because you know what, we need to be told things like that. i needed it, too senator warren, thank you for coming on "mad money." >> thank you for having me. >> provocative, smart. big. big. thinking big so will the white house. "mad money" is back. ♪ limu emu & doug

and now for their service to the community, we present limu emu & doug with this key to the city. [ applause ] it's an honor to tell you that liberty mutual customizes your car insurance so you only pay for what you need. and now we need to get back to work. [ applause and band playing ] only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ - when i see obstacles, i create opportunities. (soft music)

- when i see adversity, i find a way. - when i hear never, i say now. - [announcer] southern new hampshire university is education made to fit your goals with over 200 degree programs, flexible class schedules, and some of the lowest online tuition rates in the nation. (cheering) - so when i face barriers, i can break through. - [announcer] breakthrough at snhu.edu. bull market died yesterday he was 11 years old. he will be missed. the bull had a long history of health issues, scares, tussling with fed rate hikes, erratic policy statements, overly

exuberant fraud. it was an actual illness that laid him low and where the bull toppled, well, he landed on thousands of flies who figured they could dart in and out without much worry not this time. the bull left no known survivors. donations should be made to a fund he wanted to set up to fight the coronavirus which ultimately laid him low. i was an obituary writer i hated it i wrote scores of them still i can't resist the irony here of all the things that were supposed to cull the bull, and the bull is indeed dead, the worries that so many hedge fund managers whined about, the fed, erratic president, too slow revenue growth so many other boilerplate. none of them had any role in the bull's demise. instead, it was an unforeseen virus that terrified investors

into cashing out ultimately crushing stock prices in the wake i do think a lot of the selling was a desire to get out ahead of other sellers. a lot was pure fear. people figured the bond market was screaming the bond market, the sky was falling. the stock market's breakdown or meltdown is so dramatic because wall street spent a month growing the virus. hardly anyone took it seriously. even at the time of the super bowl i asked every rich person, all of the owners were down there, were worried about the coronavirus and nobody knew what it was except for david temper he called it a negative game changer and heavily influenced my bearishness and drove me not to go to the super bowl game and come back and run a tape that i thought would warn people. everybody knows what it is now we're all assuming the worst. i point this out because for our government to contain this thing, and ultimately it will, a year from now we may look back

and say remember the sage advice from warren buffet he said buy, it was right to buy. sure anyone who bought stocks that fated morning after becky quick interviewed the oracle of only ma had just had their lungs ripped out let's go there let's imagine buffet's right long term. he is's been right before. why isn't anybody taking advantage of this breakdown? there were people the other side of the trade you know exactly what i mean first, we aren't buying because we have no idea what awaits us and it's physically awaits us. the fact that we've had so few deaths makes it menacing it's some sort of ticking time bomb we'll wake up and see an italian or wuhan explosion in deaths here that's how exponential growth works. this is growing exponentially. we fear the big numbers that are coming because we know when we see them, some people will sell. people were hoping for the best, they got the worse, too many

investors who run stocks don't believe they represent companies. they own them through the same index funds. they don't care about selling the stocks high quality companies they don't see companies, they see baskets. i'm sure 95% of the people who own s&p 500 index funds couldn't name 5% of the companies in the index. they have become hopelessly divorced from it they fear it they don't understand it most are rank amateurs when the goeg gets tough, they cut and run and never come back. i know this because in 2008 i told you to sell everything and i told you to get back in at dow 10,000 a lot of people did the former, they did the former. not the latter we are a deeply polite sized company. love trump or hate him, he's not why stocks are going down. they're going down because we have to stop the virus and

there's no way to do that without causing recession. the government obviously makes mistakes, but stocks are plummeting all over the world. so many otherwise well informed people seemed to think trump and fed chair jay powell are the main actors. in truth, they're both side shows. the star is the virus that spread so easily all over the world. we're so interconnected. globallism most of them aren't handling it well that's the nofrm most people are afraid to buy because they don't want to lose money. they figure if it's in the bank, it won't go down smart to a fault see, investorsare afraid of having -- i remember thinking the single dumbest day to buy stocks had to be the day before black monday who could be that stupid

one year later almost every single stock in the dow was higher than the actual close the crash of '87, which today will always be compared to the day before the biggest crash in history was a decent space to buy. the day after that and the day after that the market got obliterated they were fabulous places to buy, glorious. i don't know how many people are going to die from covid. i will do my best not to get it and hopefully you will hand washing is better than this stuff. somehow though we have to remember that after all of the guide dpouns, we don't know when. >> there will be a resurfacing of commerce. trips over seas and new bases will be created.

losses will turn them in the pain of the decolombian. the bottom line, if you think buying tomorrow was dumber than buying the crash of '87, you're too pessimistic. you have to believe the center would hold and anarchy was not loose upon the world jason in alabama jason. >> caller: jim, how are you holding up, friend >> fine. i want my family to hold up just like everybody else. how are you? >> caller: i'm doing okay. i talked to you back on march 26th, 2019, about why you own citigroup in a charitable trust? >> right. >> after deducing it's illogi l illogical. my question for you is with all of the banks and the house of pain how close to the floor are you? or should -- >> that's a great question.

>> remember, we sold a huge part of our citi stake all the way up i sold and i did great i'm not giving you that nonsense it could yield more. >> well, you don't know. >> it's a bank we'll look back and i'll say by to 43. it will go to 39. >> i'll say, why did i bother? i want people to only make some money and i'm not afraid i think that citi's okay john in new jersey john. >> caller: boo-yah, jim. >> boo-yah. >> caller: my question is on hbi. periods of soft sales were curbed with some store closures but the fundamentals don't seem to justify the charts over the last five years with the stock taking a thumping. the ceo has recently announced he'll be retiring this fiscal year these factors along with

everyone hopefully not going commando indicate a buy. i appreciate your thoughts. >> that was the funniest thing i heard all day. i don't know if you know what commando means but you can google it. >> hanes brands is a clothing business i'd rather own a drug company that has a patent protection and charge everybody a fortune than i would charge for underwear, which as you indicated, doesn't to some even have to be worn all right, commanders, buying before the -- buying before the biggest crash in history which turned out to be a decent place to buy in the long term. think about that think about that as you sell tomorrow maybe you're actually getting a chance to buy instead of sell, but it may not work immediately. much more "mad money." how is yes helping mitigate some of the coronavirus

misinformation i have the coronavirus ceo rapid fire in tonight's edition of lightning round if you give up, go home, there may not be a better opportunity. did you see some of those prices stay with cramer ♪ ♪ ♪ don't just plan to retire. plan to live. an annuity helps cover your essential monthly expenses, so you're free to live the life you want. find out how an annuity can give you lifetime income at protectedincome.org

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stocks plunged today dow having the worst day since 1987 there are a lot of things we can't control like stopping the spread of misinformation this is a cloud-based platform helping companies ensure all of the information is accurate and up to date normally ex handles things like hours of operation and they can handle things like the coronavirus which induces store closures, special policies for dealing with a pandemic. they posted a strong quota the stock has beener hammered. i think it could potentially

perform well right now i'm focused on how yext can answer on covid-19. no wrong answers.com to help get the systems up and running let's look at the founder and ceo of yext and how it can help us with the coronavirus. welcome back to "mad money." >> good to be here. >> let me ask you up front there's so much misinformation about this there's so many people worried how can yext help and why should we want yext to help us? >> about ten days ago we started to see a massive spike in the number of searches happening for coronavirus, for covid-19. businesses have been scrambling to create their policies in all verticals, in health care, food, cpg.

>> right. >> people have questions and businesses need to be able to provide the answer it just so happens that we have a product that can be kind of useful right now. >> okay. >> which is why we are announcing yext answers is free for the next 90 days businesses can answer questions on their own website. >> i'm a health care company, i'm a ready clinic, i'm somebody who's interested in letting people know what we can and what we can't do. what's on my site that's linked to yext? what does yext do to help me >> picture a website, ih cares.com. it looks like a search box you can visit that site and search and they can type in any question they they are making it possible to answer a question on your website now you've made it available now companies can pull ought of the health care but in all

verticals. travel, they're thinking about return policies. in all industries they're asking questions whether it's safe to eat certain food, questions about the supply chain as consumers ask the questions, companies need to be there to help the safety of the public and to make sure people do the right thing. one of the questions i saw is is the flu shot effective against the coronavirus. if everyone in their cousin started showing up to get a flu shot, we might end up in a situation like we see in milan we have to avoid that. every time we get the right answer out there, the truth online, we'll help relieve the burden. >> i think one of the most puzzling things, this test kit how can i let people know that i don't have a test kit so stop coming here? >> that's a great point and with yext answers, a health system

could add that to their knowledge graph so if a user goes to their website, is there a test kit here? they would get the right answer. we recommend companies put the box up so they can see what people are asking. today it might be about test kits, tomorrow it will be about something completely different we have to be able to be there in real time. >> i have a restaurant and bar, both are open. i want people to know they will stay open. how does yext field that in a google search? >> we would give you a search box for your site, are you open? you can say, yeah, we're remaining open also, people might have questions about where your food comes from or are you going to deliver stuff? do you have purell there >> right. >> you can add a box to your site, a search cart and get what people are asking so you can give the right answer. >> i know this is going to sound

sophomore rifk, we serve corona. are you still serving corona it's such a -- it happens to be happenstance those are the kind of things bars have to worry about. >> think about the vodka companies. people are asking the vodka companies is it safe to use your vodka to kill the coronavirus? it doesn't work. if i'm a vodka company, i want to have a search bar on my site so i can quickly react as the world begins to ask this question and put the truth out there. >> candidly, i thought it myself because i couldn't find any alcohol this weekend i yexted it. little less tension at home. the ceo of yext. this is a terrific public service. this thing is out of control "mad money" is back after the break. e starting nearly 2,000 new businesses every day. support these companies in your community, and buy into women's success.

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i still finished. - [man] in the military, you feel that sense of accomplishment. that's what snhu is. - you will march from this arena and say to the world.. i did it. - [woman] you did it. i love you. - [graduate] i love you too. ...it's almost like a challenge everyday 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 for free and save 30%! it's time. it's time for the lightning round. and then the lightning round is over

are you ready skee-daddy jack in new york. >> caller: boo-yah, cramer what are your thoughts on quilio. >> we had to cut and run some profit and some loss because we didn't like what happened with the last quarter i'm going to have to say wait. it can go lower. >> let's go to jim in connecticut. jim. >> caller: jim, how are you doing today? >> i am good how about you? >> caller: well, so far so good. i've got a biopharma stock for you, chemocentrix. >> it's a busy time. i don't know that. i need to go to adam in alabama. adam. >> caller: good afternoon, jim how are you? >> good. >> caller: good, thank you i was wondering if you could give insight on cardilytic. >> they just crushed it. it's a good fintech stock.

they don't like fintech. there are whether you chips that yield. we'll pass on that. >> let's go to heather in florida. >> caller: i'm wondering about trade dust. >> this is a high growth that will bounce back this is exactly what i'm thinking about but please buy it in quarter point increments. 1 point down 25 each quarter and that, ladies and gentlemen, is the conclusion of the lightning round. >> the lightning round is sponsored by t.d. ameritrade ♪ ♪ ♪ ♪ but when allergies attack,f any the excitement fades.

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those who cannot remember the past are condemned to repeat it now that we have a brand-new crisis we don't want to repeat the mistakes in 2008 chief among these are policy makers refuse to take action they lack the authority to make common sense moves that could have seriously blunted the impact of the crisis resulting in stronger institutions and shallower recession. they hid behind the wall they sought bogus approvals. they were bewildered, scared, anxious to avoid making decisions for fear of non-existent penalties and enforcement actions. some just -- they couldn't take it this time around we have a similar set of common sense moves that could tide the system over while we deal with a serious public health crisis we know this can be controlled because they have control in

other countries like south korea. if we started testing enh masse we create confidence, i think we can beat this and not have you lose all of your money at the same time. sadly, the only way to beat covid-19 i think is to risk a recession. i think after this week we may already be in one. we need to slow this and that means rules against gathering, rules that make people stay home and rules that are very bad for business that's why we need a massive federal intervention to keep businesses afloat. we're seeing our nation unravel while we conquer covid-19 if we're not careful. what can we do first, concrete. forget a payroll tax cut how about a whole postponement of federal taxation. you can make up your back taxes after the virus is beaten. given interest rates are lower, it will be easy to bore half a trillion dollars to keep the government funded. i am mindful of what senator warren said. we must do this for those in the

middle class they'll spend it which we want the rich do not need this, they'll save it. the government can go without our money and our company's monies for a while if they do that bond offering second, the government needs to create a gigantic fund to give no interest loans to businesses. third, large companies are furiously taking down the revolving credit facilities all at once. all the banks are well capitalized, better than ever, they still can't handle that pressure we need government back stops even guarantees so this doesn't spark a financial crisis they're going to say dodd-frank and this and that. that's classic fourth, the sudden decline in oil prices is a disaster for the oil industry many producers are flirting with bankruptcy you and i love it, but moerkame'

the largest oil producer on earth. that way we can put a floor in worst place we end up with too much crude that we can sell at higher levels. the president should go with that even though he wants prices at the pump low. fifth, the federal government needs to buy mortgage-backed bonds, mortgage backed the rate on a 30 year fixed mortgage hasn't budged it actually went up. i got a lower mortgage several years ago when the 30 year treasury yield was much higher if the fed buys mortgage bonds, we can get those lower and that will boost the now flagging market wave student loan debt for the next three months. suspend payments that will immediately put money in this one is botched by dodd-frank this might be illegal, this needs both houses of congress. oh, give me a break. these are not normal times if we don't do something like this six-part plan, we'll have a

serious emergency on top of the public health emergency. so what if we need congress on board. get them on board. this is a crisis for heaven's sake so many of these potential problems are easily mitigated if the government will take action. please, i'm begging you, come together don't make the same mistakes that caused the last crisis. we know what they are. we can stop this just do it stick with cramer. when i switched to geico. this is how it made me feel. it was like that feeling when you go to high-five a coworker, and you do a perfect high-five. everyone is really excited for you because it was such a great high-five. and then... ...the boss comes in. and she wants one too. geico. fifteen minutes could save you fifteen percent or more on car insurance. fiftshould they downsize?e you nesters now. probably. 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. we're committed to making college more affordable., that's why we're keeping our tuition the same through the year 2021.

- [woman] i knew snhu was the place for me when i saw how affordable it was. - [narrator] find your degree at snhu.edu. ...it's almost like a challenge everyday 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 for free and save 30%! two tracks we want creative, big think ideas from our leaders and fashion and secondly we want to find opportunities that will give us good yield that will come through okay, we're not going to be able to catch the bottom. you know i think we can go lower. we have to look for opportunities that worked in 2008 or work again i like to say there's always a bull market somewhere. i like to find it for you here on "mad money. i'm jim cramer

special "markets in turmoil" starts right now ♪ >> what's interesting about this episode is -- >> the profit, an inside look. good evening, i'm scott accuweather appener on day 74 of the coronavirus crisis the dow suffered the biggest drop since the crash of 1987 >> it is another brutal day for stocks >> fast and furious moves here >> stocks plunging yet again today. >> the worst day for the stock markets since the great crash of 1987 comes to an end >> this is a massive move by the fed coming into the markets in a very big way >> the fed plays its hand injecting massive amounts of moin into the system >> it's really been quite a remarkab