cnbc friend marcus doing insider buying they're not calling the market bottom and the ceos aren't perfect market timers and the ceo peaked in 2008 and maybe good news in the marke 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 are trying to make friends. i'm trying to help you make money. my job isn't to entertain but to teach. call me at 1-800-743-cnbc or tweet me at jim cramer to believe or not to believe, that is the question

the dow gaining 188 points, nasdaq surging 2.3%. this is an important snap back because it gives us a glimpse into the future. let's start with the set up. if you listen to the wise men of the hedge fund energy, they're telling you believers will be crushed. they loved the market a month ago. many of their fears are legitimate they have trillions of dollars in debt. the oil companies alone owe hundreds of billions of dollars. they can't pay it back in crude. airline is toast supply chain could cost 60 billion. the hedge funds i listen to, well, they're warning of 25% unemployment thanks to the government mandated lockdown. that's not a great recession, that's great depression with a c. you can't have a restaurant industry if you're an allowed to go to restaurants. hotels sold to you malls, malls are bowling alleys. actual bowling alleys, baby boomer storage lockers arcane dollar trades, ooh,

really scary, devastating. and as small business finished time to break out the apple stands and the sandwich boards apple is this kind except it tastes better. i'm not exaggerating this is the future of the hedge fund manager i see coming. i hear it all the time every time i look up they're telling me this stuff. maybe they should ask congress for a bail out so they don't have to sell their fifth beach house. just a suggestion. if the future -- the smart money thinks the future is that great, then thequestion is begged, ho do we rally today? how do we come down 700 and come back what is that about who buys stocks from the world view i outlined? shouldn't they use that money to buy a bunker and stock up on canned food and shotgun sthelz let me explain funny thing happened to the bears today. they think, of course, the coronavirus can never be beaten. it's just -- it's a black plague, bubonic. italy passed china

even though china's population is 20 times the size of italy's. we're finally getting our test kits so the numbers are about to shoot through the roof we'll probably be in a triage situation soon because we don't have enough hospital beds or ventilators. you figured that didn't you see that one coming everyone saw that one coming everyone well, maybe not everyone okay it's a real possibility. maybe the most likely possibility, but not the only possibility. what if the three antivirals the president mentioned today, a drug for ebola or old rheumatoid arthritis treatment cures the difficulties ease and makes it less lethal and more like a horrible flu that changes things. what if we step up testing d dramatically and have a vaccine this time next year. we go back to work because it was in our heads not ideal, but not the apocalypse we already know it's possible do go back to normal because china is pretty much there oh, yeah, well, china is a bunch of liars, right? wait a second. maybe you do think the communist

party is lying to us do you think starbucks is lying to us? the c.e.o. kevin johnson came on our show and told us his chinese locations are up and running again. he opened a store in wuhan where the outbreak started i want to sea china reopen did you see the jiend deal disney did if you have an iconic brand the bond market has your back. given the beating the market's taken the last couple months, i think this is the wrong time to go full doom and gloom but i get it i know the situation will get worse. probably a lot worse before it gets better, but it will get better sometimes the stocks reflect that before we get to where it gets better. we're not some pitiful helpless giant in the face of this fan democrat i can we're not a bunch of jokeers second reason, the market was insanely oversold. the s&p i talk about from market edge last time it was at minus 24 that's the most extreme selling level on record. even the 1987 crash which had us

at 93 and change according to the oscillator, so does everybody else. once everybody hates something, you tend to run out of sellers the '87 crash turned out to be a fabulous buying opportunity. not a selling opportunity. you know who felt that way larry williams everybody's favorite technician. we hit extreme panic we use him all the time. he thinks this is the most reliable shift from bearish to bullish that there is. in a special bulletin he put out today, you have to buy because, quote, none of the tools of the trade-in my arsenal have done this good of a job calling major stock market lows. he continues, quote. for almost nine years we've seen bull markets during extreme panic. there have been 24 panics in the last 87 years.

18 fired off -- 16%, that's two out of there of course, maybe williams is wrong. he's not focused on what hedge fund managers are saying maybe he's not eating spam in a bunker upstate somewhere 25% of the time the panic signals, well, maybe that's where we really are, we don't have a bottom. but you know what, i like the odds he laid out here. they seem to be pretty convincing that's why as i said yesterday it's too late to tell. at this point if you went out, you have to wait for more of a bounce remember, this is not an emotional call williams is simply reporting what the charts tell him notice not once, not once did i mention what the governor is doing, even though congress has passed a huge stimulus bill yesterday. to listen to hedge funds, what's the government going to do everything wrong, bunch of clowns they're trading like they're heading for a bankruptcy g 3 apparel. this morning it reported an

extraordinary quarter. two stop at zero no, stock went up 69%. i'll take that that's nice. i saw dozens of other stocks make similar moves i'll take that that's nice. which brings me to the final reason why we rally. we don't know who, but some big firms must have blown up and had -- i think some did today with drug stocks they're below what the companies would be worth even if they were going to go on life support. today produced so many winners, really weren't needles in haystacks. easter egg i remember i ran the easter egg hunt in summit, new jersey, for the police league. i don't know if i was really good, but i hid them well. some people thought they wouldn't be found. thought the parents would yell at me for making it too hard for the kids kids always found them how do you like that we're not out of the woods so many companies were priced for bankruptcy yesterday they were due for a bounce the bottom line no one is minimizing the virus

if you say i am i will find you. i started warning about this thing when people thought it would never touch us i'm jimmy chill clor objectiox w any good news on the coronavirus front, that bull is going to stampede brian in florida, brian. >> caller: hey, jim, four taking my call. >> quite welcome >> caller: jim, they say the virus is the strongest in people with preexisting conditions. >> right >> caller: this market is giving me high blood pressure i'm only 31 years old so i'm a little nervous jim, you're going to have to replace your house of pain with my voice i've watched my stock plummet. the company declared bankruptcy in the past. do you see them doing it again why are the insiders buying up so much stock? should i be adding to my position here? and lastly -- >> i've lost, i've lost a huge amount of faith in them.

they needed -- i don't know why they ended up doing so poorly because what they needed, they had a lot of good orders i don't care if the insider is buying or selling. all i can tell you is they didn't do a good job and they should have done better given the fact the economy was very, very strong. hey, listen, sometimes they should have. and i don't know about the bankruptcy thing let's go to thomas in maine, please thomas >> caller: hey, jim, booyah. >> booyah! >> caller: hey, i got a couple questions about wendy's. what a wild route. $24 to $7.50 this morning. >> wendy's is still priced as if people are never going to go yesterday was at 6, 7 drk this is the kind of thing i'm talking about. that's why when you listen to hedge fund managers and they're out there saying it's the end of the world, then you're going to sell wendy's at six-inch stead of buying it this stock was at 20 and change. is it going back there if it happens, at 10 i'm still a buyer. i don't like to buy stocks when

they're up 42% i say wait for a pull back shane in new york. shane. >> caller: jim, cramerica, love you, love the show >> thank you >> caller: can i please get a booyah to start the call >> perfect oh, booyah i thought you were giving me a booyah i'm giving a booyah you. what's up? >> caller: i want to thank you for your insights as well as your calm positive outlook in such a dire time, my friend. >> maybe i've seen more, seen a lot. what's up? >> caller: hey, as a consumer, i got into the streaming sector early with hulu and dumped my cable subscription two years ago. i absolutely love it in the last few months i said let me research some stocks in the sector i was looking to invest in one, hoping that, you know, it could become the amazon of the streaming video world over the next ten years and so recently, after my research, i decided on roku.

and after almost buying it a few weeks ago at 100, i was able to buy it yesterday at $66 a share. and i wanted to know your long-term thoughts on the stock. >> i like roku now, the stock used to be much, much higher. it's come down a great deal. you made a very smart purchase i'm always interested in hearing why people, common sense people like shane in new york weren't scared out of their pants by some hedge fund manager who was probably selling roku when he was buying no, he's supposed to be trapped in an index fund that's a nice buy. shane is going to be okay on that one the believers have their day the bull is out there. if you look hard enough he'll wake up. "mad money" tonight, are we far enough to look to the other side i'm telling you what i'm buying while still standing 6 feet away while most stocks aren't worth owning here, i'm eyeing a recession-proof company that can fit in the stay-at-home economy

we now know dominates. i'm going to sit down with verizon and the future of work amid the coronavirus with vm ware so stay with kram. >> announcer: don't miss a second of "mad money." follow at jim cramer on twitter. have a question? tweet cramer, #mad tweets. send jim an email to madmoney@cnbc.com. or give us a call at 1-800-743-cnbc ssomhimi setng some head to madmoney.cnbc.com. awesome internet.

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has the market come down to the point where wk look through this brutal moment to the other side the post corona future we have to prepare for some more ugly headlines infection death rates are about to soar here drug trials against the scourge. insurrection against hurricane jose fund managers still, we need to keep our eyes on the prize and that prize is what works once the smoke clears, although it could be the smoke amidst fire. first the stay at home economy isn't going away you can't put this working genie

back in the bottle we discovered working from home is a good way to do business because video conferencing software has gotten good from web exto zoom. maybe it's not as good as a handshake, but more convenient and more sanitary. think about how much time we normally use every day commuting to work. think about all the carbon emissions we spew into the atmosphere that's unnecessary for millions of people. that's a huge lesson that won't be unlearned why webex and zoom won't stop we have solution that's tackle the problem. more on z scale later. in a world where people stop working from the office, 5g is king you need the speed of 5g so you can connect to the office and you're there that's qualcomm. why the stock surged when it announced 5% dividend last week and when steve was on this morning when we interviewed him. verizon beautiful.

4.6% yield steal at these levels. if it gets hit on the next market wide beat down i'd buy it hand over fist wait until you hear them later in the show. i bought a house today, fixer upper. i kotb go to the closing because i didn't want to get super flu the documents were sent to me. the publicly traded medicine play worth 10 billion, i know the company loses money. telemed, anything that lets you see a doctor is a winner in the pandemic i'm seeing banks close branches because of covid-19. i wonder if the new york stock exchange will change how they work i love having humans involved, but they don't exist at the nasdaq is this a sad precursor? what else? amazon is stronger than ever because it's the retailer of choice when you can't go shopping there are tons of people who had their routines up ended and they

use amazon for things they never imagined, all sorts of household goods. i wonder if amazon hits an alameda-time high when so many brick and mortar competitors go under. that's going to happen last trend, people play video games when they're cooped up at home people watch netflix they order pizza from the few remaining outfits still open dominos. most restaurants are getting killed here. the one exception always focused on delivery, dominos is king up 11% today you should focus on companies that can thrive even during the pandemic because sadly both this trend and the pandemic may just be getting started ray in new york. ray! >> caller: hey, good afternoon, jim, how are you >> i am good, ray, how are you >> caller: doing good. can't complaint. first want no say thank you for all your help and knowledge

sharing with us during this difficult time >> you're quite welcome. you have a great staff that comes in and every day puts up with me because i'm going bad here what's up? >> caller: i hear you. my question is rent central, rnc. it had a peak of 250, it came back down. >> i can never recommend a stock up 19 on a given day i just can't do it i have to absolutely wait. i do like green central very much, though, as you know. let's go to ken in north carolina ken! >> caller: big booyah from lake norman, jimmy. >> what's happening? >> caller: man, i've been trading in tesla recently sold off 80% of my investment when the stock got up to 900 >> that's good >> caller: i kept some so i can remain invested. >> you buy tesla here. you buy tesla. get the irony here ford had to cut its dividend ford motor who has the best liquidity

tesla and eli musk meanwhile, ventilators, i bet he'll make the best. you buy the stock of tesla look, we can look, but we can't always touch eventually there will be lots of other winners, but for now stay focused. there's a handful. much more "mad money" ahead. more people are working from home they need internet connection more than ever i'm talking with high-yielder verizon later. how vm ware is well positioned one company working despite the recent market sell off don't miss my discussion with z scaler how can i help you stay with cramer

can we go get some ice cream? alright, we gotta stop here first. ♪ ♪ from smarter atms, to after hours video tellers ♪ ♪ comcast business is connecting thousands of banks to technology that turns everyday transactions into extraordinary experiences. hi there. how are you?

do you have any lollipops in there? (laughing) no, sorry. we're helping all kinds of businesses go beyond customer expectations. how can we help you? i keep telling you we have a conundrum. not many groups are worth owning here at these levels you have to start buying something that's why i like the recession-proof companies that fit into the stay at home

economy. companies like verizon as a phone company, verizon is basically a utility. people are still using their cell phones and they need their home internet connections more than ever. on top of that, verizon has the best balance sheet in the industry so you know it's bos bountiful 4.6 yield. if you can't pay your bills the next couple months, they will cut off your service or charge you late fees and you've been adding capacity to handle data traffic as millions of people work from home let's talk to hans vesper, the chairman and c.e.o. of verizon mr. vesper, welcome to "mad money. >> hi, good evening or good afternoon. >> it's great to see you great to see you i know that -- >> great seeing you. >> you have a common touch i've known that from when i met you at one of the benioff dinners. >> yes >> what i'd like to know from you, this country is

fundamentally changed overnight. what is the impact of that fundamental change on verizon? >> so, if i look at the network first that we're managing, i can say that if we make a comparison week over week, we can see that we have moderate growth in the network when it comes to data usage. what type has changed dramatically we are up 75% week on week on gaming we are up 30% on vpn which basically is connections from corporations to a home we're up over 20% on web traffic. 12% up on streaming. so you see that as these country are changing dramatically how we operate, the network are changing we are constantly following those patterns how it's changing when it comes to our own employees, we have in less than one week actually move 100,000 people working from home all around the globe, the majority in the u.s but we still, of course, had people doing the second priority

we have is keeping the networks up we have field operations doing the most critical things in the field and we have stores open. not all of them, but we have some stores open to serve our customers. so that's how we operate here in less than a week, we have transformed this company quite dramatically >> how is that possible? you do your budget at the beginning of the year. end of last year and you make it so your gaming is going to be flat, vpn flat, web traffic may be up 8% how are you able to -- you're a huge company how do you make such a switch? >> no, i think that what we -- our strategy is the network. we have always kept a network. head room in the network we built a robust network. if it's the ip network, wireless network, we are always built for being prepared for different type of changes in the network and that's why we're coping so good so far in the network >> well, you are a leader in 5g. i've got the apple 11. i've got to tell you, i am

waiting for 5g i happen to love sports. if they ever start playing sports again in this country, it will be fan task will i be envisioning myself watching my 11, let me put it on the nfl game, is that what i'm going to go into >> i think as a consumer, you're definitely going to use those type of applications on the mobile phone it has such a superior performance, especially when you build it on the spectrum we have we call it ultra 5g, ultra wide band you'll have totally new experience everything you have today, your capabilities on the phone is going to be 10 x better which means you can do so much more with it. definitely you can take nfl on the go and see that. but there are going to be many other augmented reality applications that you can use as well on the mobile phone and, of course, a lot of enterprise solutions which we are working -- a lot when it comes to our customers they can use wireless over wire line in the factories or retail or other type of applications

>> mr. vesperg, what do i buy? i always say verizon it never goes back to -- they must have to spend a fortune how are they able to spend that fortune and give you a bountiful dividend >> we have a very robust balance sheet that we have all the time worked very well with. i'm only three years in the company. i have predecessors and their management done a great job with both the network as well as the balance sheet. of course, that's why we have our priority on our capital allocation it's clear, number one the business number two -- number three, serve our debt to the debt ratios number four is coming, number four is buy back clearly we have a clear priority of how we allocate our capital >> now, you've always been a charitable company

your predecessors were charitable your covid-19 relief response, i'm interested in what you're doing for health care workers. we forgot about people who work for restaurants, airlines, bars, also retail. i'm worried about those workers because it's got a thankless job and they need every help we get and they're not represented enough in washington what are we doing for them >> so, in a crisis we have, you know, we have unlimited access to data for first responders and that would have in any crisis. this coronavirus is a pandemic and state of emergency we have all the access the first responders need. we are also working with all the hospitals and all the workers and doctors to have all the access they need we're monitoring extra special in these times that is a key focus for us i think that type of infrastructure becomes enormous and important in order to deliver sort of a more healthy and safe environmentfor all of us citizen in this country

>> i know you as a big think guy. i'm going to do the big question to you what is going to -- we're going to win this war, okay. when we're done, what will america look like? how will it be different from where we were six weeks ago? >> it's hard to say so short into this pandemic i think we're going to see a new normal where people are going to find out it's actually going to work in a different way, even more communication and virtually because we are running all our executive team meetings. i'm in the emergency operation center here where we are following everything we have a scaling crew the rest of the people monitoring everything happening on network they are spread out around the country and still doing the same work so i think we're going to -- we see that that's also when we're going to go through this really tough and really hard times. i think that we will come out very strong after that because the technology will be

enormously important going forward in the world that we'll see in the future. >> and i know you are passionate about the planet, okay is this not a moment where we're sitting back and saying we are going to lower our carbon footprint dramatically because we're not going to go on the road to our office >> you're right. there are things that we can rethink right now. and i think one learning is going to be from this is that we can work differently and, of course, the carbon footprint is enormously important we have, the corporation for it is big, reduce it dramatically we're going to find new ways we maybe didn't thought about just a couple months ago. so, yes, i think a couple of the more essential things in this society we need to address like that, we're going to find new ways to addressing them. i totally agree with you verizon will go on the forefront for that because we think about being responsible toward society. our customers and shareholders

because for me it's a balancing between all four of them and that's going to come out strong as a company >> excellent i'm so glad you came on the show a breath of fresh air and little bit of optimism in the way you're approaching the world thank you so much. that's hans vestberg nobody got hurt by verizon stay with kram cramer there has never been a better time

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we need to start picking through the rubble of the tech stocks that have been pulverized over the past few weeks because some of these companies are integral to the new stay at home economy. take vm ware, leader of virtualization software that makes clouds able to run on a server if you've been working on mobile, you've been relying on vm ware to work your digital space without knowing it the stock has fallen 40%, it's cut in half a year ago could this be worth buying gradually on the way down? let's check in with the chief operating officer for customer operations and what it's doing to help keeping the world running while people are on lockdown welcome to "mad money. >> as we say in india, namaste

this works on social distancing. >> in the epicenter of this new stay at homework environment, i know that you are about end user computing where ever it is so tell us how the world is changing and what it means for vm ware. >> well, jim, this is unprecedented times. we've always been a trusted advisor and as you know, we know a thing or two about virtualization our customers run their critical apps on our infrastructure so what they've been looking to do, first off, is to get advice as to how we would play this the first thing we've been doing, first off, is taking care of our employees and making sure that they are safe and secure. that's all, you start with your employees. we can talk about that later but to our customers, many of them are working now like our employees. i'm sure they have a shelter-in-place, a dell laptop and mobile fun i can get my job done with virtual desktop with dell laptop and access all of my jobs on my

phone. there are customers who are schools, for example, southern new hampshire university, many of them are going virtual. stanford university, many schools rely on us, many of the hospitals rely on us and then the world's biggest retailers and banks. we're the leader in this category of work space just listening to our customers and are looking to serve them in this crisis. >> is there any degradation, as far as we're concerned now if we're at home, is it a push between going to home and going to the office, which in that case a lot of people would rather stay home and not be on the road in traffic an hour and a half spewing a lot of carbon >> i think there is part of our life, jim, that's going to change forever behind me i have a saying from winston churchill when you're going through hell, go through it never waste a crisis that is part of our life that is never going to change. we will perhaps have a place where, for instance, less travel is good for the planet

i have got three kids. my wife and i, five of us sharing part of it, i think spending more time at home is good we want to make sure if you are at home, you are productive, you're able to work continuous just like it was at work, and then you have to obviously have ways by which video conferencing, we were one of the early customers that used zoom we love it we use slack, microsoft teams. these are all ways which you can collaborate. i think personally, jim, this is problem bill for a season. i feel like we have a traffic jamb sometimes it takes you four hours to get to tahoe fromhere sometimes it takes eight hours when this comes back there will be a place where we will all meet together. i view this as temporary and not permanent. >> san jay, i know over in europe they're talking about there is literally the possibility of too much of a strain on technology and infrastructure urging netflix to slow down streaming. is the network able to handle it >> we have tremendous relationships with the telco

players. they are some of our biggest customers, the cloud infrastructure we are software, compute storage and networking it's where the world of 5g is going. so a lot of these big companies have started to rely on us for that future world of 5g and software is a lot easier to manage it's also just as liable or more reliable because you can fix things and we're working very closely with our customers bandwidth is going to be something we watch very carefully and i expect us will be working closely with these partners, the telcos, cloud providers, networking and our software to make this go easier for customers. >> sanjay, we have a lot of hedge fund managers come on the show i say the apocalypse the big debt burden the equity owners don't see, companies won't be able to pay their bills. vm ware has to worry about bills being paid are you worried about this kind

of, let's just say a situation that's unfathomable, we never thought where major customers of yours would go bankrupt and suddenly you're in the cueue as someone trying to get paid >> we're paying our employees, paying bonuses all the kinds of things that take care of them, if sick getting well we turn to our customers we'll have to partner with our customers and others in the industry we have access to our partners like dell financial services it's a tremendous ability for us to do that so folks can pay this out in a more gradual basis. as you move from license to cloud subscription billing allows you to more radically pay back so we'll work through this these are unprecedented times. maybe some of the scenarios i talked about whether help customers. new ones we expect to work there is one thing about vm

ware we work with one of the highest net promoter scores. we will work to make sure customers are happy. >> sanjay, i can always count on you when it comes to inspiration in business and larger issues. what do you have to say about the crisis we're in and what business can do and continuity solutions and getting us through this >> i think first off, like louie armstrong -- ♪ we shall overcome i'm singing it out there, i'm nowhere close to louie armstrong. the thing is for leaders to inspire their people leadership, this is the time when leadership is tested. i believe faith conquers fear and we have to be out there saying, you know, the economy was good before this like i said, it's a little bit of a traffic jamb. >> right >> we will make it through this. in the meantime, if you're healthy, turn your attention back to serving our customers. i believe with our customers, many of them want to continue working through the businesses i believe the world will get

back, whether it is 2008, 1987, 2001, i'm not a pundit but i believe long-term in the health of the economy, the american economy, world economy, we will be fine long term. >> i'm going to leave it there thank you for the words of how do you spell c.e.o. of vm ware. "mad money" is back after the break. ♪ limu emu & doug and now for their service to the community, we present limu emu & doug with this key to the city. [ applause ]

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it is time it's time for the lightning round. buy, buy, buy. sell, sell, sell are you ready, ski daddy lightning round. dominic in california. dominic. >> caller: jim, my grandson has a question for you >> booyah, cramer. i'm a 14-year-old investor we know the market is crushed. in particular the medical device stock. i'm calling about a company that had a phenomenal quarter, gave phenomenal guidance and has been beat down by the market. inmode >> what is with that the stock is a good quarter,

bunch of guys raised numbers a medical device i like it. we come up 2 bucs today, up 13%. i agree with you it's in the sweet spot of where i am how about that, 14 years old we're going to have a lot of those guys no one is going to school any more let's go to frederick in missouri, frederick! >> caller: booyah, mr. cramer. i hope you're doing well >> i'm doing well, how about you? >> caller: i'm doing well. how about snapchat >> i started liking snap because there are not enough companies in that segment any more then the stock got cut in half so i look like a complete bozo all i know is evan spiegel won evan spiegel can explain why he and i both think that snap is an interesting choice by the way, twitter has a lot of cash and seems inexpensive i'll endorse it. i don't even care. let's go to roy in pennsylvania

roy. >> caller: you're laughing how about away back berry mansion booyah >> i used to go up there and do things i wasn't suppose to do. i love it. >> caller: how about a sunny day in the future like usfd. u.s. foods >> that thing has just been beaten like a red headed stepchild. people decided that industry is awful. let's buy hormel instead i don't know if you saw it, that eagles hat 52nd superbowl everybody has one that are in their home offices and steph has three of my books and a "mad money" ball let's go to joe in texas, please joe. >> caller: booyah, jim since oil has taken a hit, i have a question for you about enterprise products. >> epd is the best of the bad, bad, bad, bad, bad lot

we're not recommending anything in the oil patch and we're getting to be able to do some lightning up if it goes up let's go to drew in south carolina, drew >> caller: how are you doing, jimmy chill? >> doing fine. how about you? >> caller: fine. the stock is american made we're going to keep it american. there are millions of americans that rely on their product i'm wondering about ticker tndm. >> stocks are coming off -- coming down. a lot of people feel dexcom is going to cut them out. i don't think that's the case. i like dexcom more than tandem that is the conclusion of the lightning round. >> announcer: the lightning round is sponsored by td ameritrade education. i see award-winning service, and a trade desk full of experts, available to answer your toughest questions.

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even in this vertigo inducing market, some stocks have been able to rebound sharply. look at z scalers, cloud based security play. 39 bucs. 52, the worst week in ages why is e scale working in a moment when averages have been squashed it's a stay at home economy. that's where z scaler comes in their wholiste schstick is, thee

been preparing for a crisis like this the founder, chairman and c.e.o. to get a better sense of how the company enables people to work at home safely jay, welcome back to "mad money. >> jim, thank you. >> so, jay, it looks like there's still one more way to get into the treasure trove here now people are working at home and we're kind of more naked than ever. what is zscaler doing about it >> yeah, jim, as you said, zscaler was formed with the notion that business will happen more and more in the cloud and people work from home or office or coffee shop so our customers have been doing it over the past ten-plus years. in fact, about 20 to 25% of the largest global 2000 companies are already protected with zscaler. i got so many calls and emails in the past couple weeks saying, thank you, zscaler, we were

easily able to have employees work from home we are helping, new customers are calling us and we're busy scaling our cloud and helping our customers. while we know it's very unprecedented time, the safety of employees safety, our customers is first but they also want to do business from home and we are helping with that. >> okay. so you had a blog post this sunday you were discussing how to empower employees working remotely discussed a couple customers for whom you're facilitating work. d.b. shanker, german logistics company, tell me what you did for them >> so, d.b. shanker is large logistics company with 76,000 employees. they had bought a zscaler service to let their employees go to internet, office 365 or where ever, that part is working

well when this happened, corona happened, they needed to have employees access center-based applications like most customers what did they have? old legacy vpn that no one likes. so they called us and say, we want your second service to access our internal applications it took us a number of days to get that turned on very pleased and gratified of the architecture we built, so customers like b.b. thanker and others have employees work from home very, very proud >> there was one of your in-house security researchers published a blog about abandroid app. it seemed to offer a coronavirus safety mask, which we all want, but instead delivered a trojan horse. they came up with this stuff the bad guys are that quick? >> it is crazy, jim. it's a race with bad guys. it's not only one kind of mask they are selling corona test

kits phishing attacks if you search google for coronavirus or covid-19 and the first 50 searches, a couple of them will show up that are bad and malware. our job is to make sure employees who go to the internet through us are safe from all those threats, and that's a serious oily allegation and we are very vigorously working to keep our customers safe. >> what do you think about the prospects the world is never going to go back to the way it was even say six weeks ago working at home, once you get zscaler in, bad guys don't hack, turns out to be efficient, carbon positive change for our society. >> yeah, you know, i would say i'm surprised how productive you could be at home i'm personally discovering that. save a lot of commute time video conferencing happening

i think it has given a big push to accelerate work from anywhere and the world is never going to go back the same way we'll still need face-to-face discussions from time to time, but as broken habit of us. i think the new world business will happen more and more anywhere, and customers will demand the same policy, same security whether you're at home or coffee shop or airport and that's the business we are in. it's gratifying to see the world is moving in the direction we have been anticipating and evangelizing the last ten years. >> do you think it's the possibility the network isn't configured correctly we were talking with verizon you have an older network that wasn't built for a distributed model where everyone is working from home. can it handle it if this lasts long, people are working at home and don't want to have a gathering at the office can the system just break? >> there will be some strain on

the home network, the comcast, the broadband connection we're getting. but i think since the network is distributed, it will handle it companies will have to step up and add some more capacity to it but the bottleneck so far has less been the network has more been the security and policy so far. i have had so many customers one customer said, we had this vpn system in place. it's dying how quickly can you turn on zscaler service for it we are removing those bottlenecks. network will get piece of it i don't think it's the biggest piece. >> there we go, the stock is doing well, your stock is up this week in a bad week. the founder and c.e.o., always good to see you, sir >> jim, thank you. seeing you appreciate the time. >> of course zscaler another company i like, doing so many good things. boy, american technology, got

some great companies pharmaceuticals are great, too not giving up. stick with cramer. ♪ dad, i'm scared. ♪ it's only human to care for those we love. and also help light their way. it's why last year chevron invested over $10 billion to bring affordable, reliable, ever cleaner energy to america. ♪

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not only is the market really difficult, it's very whippy take a look at some of your favorite drug stocks they were just crushed today some of your favorite food and beverage stocks that have been holding up so well, they were annihilated. it's almost as if happy days are here again they're not. you need to take a hard look at stocks like j & j coming down into the 120s. with a good yield that's a good place. coca-cola, if it comes under 140, that could be one for the ages look at the stocks that are recession proof. and remember, you're not going to be able to avoid a recession. so those are the stocks you might want to lean into. i promised not to use that term, i did anyway, when you're trying to figure out what to buy tomorrow if you have spare cash. i always like to say there's a bull market somewhere. i promise to find it just for you. i'm jim cramer "markets in turmoil" starts right now.

informed with cnbc, watch and listen live on the cnbc app. a very good evening. i'm scott wapner this is day 81 of the coronavirus crisis stocks picked up some ground today, but will washington save an american corporate giant, boeing ♪ >> we know we're going to get our ass kicked >> the markets and the nation wait on more from washington >> this sun chartered territory as you know. >> volatility takes a break as stocks gain ground across the board. >> we do have a rare obsession on wall street today >> new questions about boeing. is it too important to fail? plus a push for new