tv Mad Money CNBC March 24, 2020 6:00pm-7:00pm EDT
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that certainly didn't stop a megabounce today the question is can it be sustained. we're going to see a lot of bad numbers after this -- >> we certainly will steven roche, always a pleasure to get your view thank you for tuning in. thank you our staff. jim and "mad money" pick up the coverage 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 you make you a little money my job is not to entertain, but to educate you, put in context call me, 1-800-743-cnbc, or tweet me at jim cramer you know what this rally reminds me of? this move, dow surged 2,113
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points >> hallelujah. >> s&p soared 9.38%. [ cheers and applause >> nasdaq pulled 1.28% it feels like 2008 when the congress approved the bank bailout. on the for the stock market to start crashing not long after. >> sell, sell, sell. >> the covid stimulus bill will pass and pass on the second vote here's the problem we've been in the worst bear market i have ever seen. we have been down endlessly. proprietary s&p oscillator i follow keeps registering a minus 20 reading making it the most deeply oversold moment in the history of the oscillator. when you get that level negativity, endless, endless, endless, you get a coyle spring of a market. usually snap back with a vengeance. typically based on short sellers ringing the register to close
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out their business remember if you owned a stock and it kept going up, up, up, you might want to take profits then it goes down, down, down, you might want to take profits if you're betting against it and, look, it's very bullish that congress seems to be making progress on the bill they both keep companies from going under. not all but many and put money directly in people's hands very positive. it would be good if america could go back to businesslike the president wants. it happened in china and south korea. why not here there's one sticky issue when are we exactly supposed to do this? i've been hearing rumblings april 12 could be the day. that could be ill-advised. i want to end this lockdown as much as anyone i told you last night there is a lot we need to do before that can happen which is why i thought the june 6 day, d-day, was more realistic why? because we're in the middle of a pandemic that's why we can't be own for business before we take the necessary precautions. we need to build out the capacity to test over and over
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again. we need ventilators and icu beds for everyone who needs them. it's not a reasonable solution they tried it in italy it didn't work here in 1918. it won't work now. it just doesn't work it's not a sound strategy. i'm confident that the stimulus bill will pass when that happens, we take most of the financial worries off the table. i want to hear more c.e.o.s make the pledge kevin johnson of starbucks made he's going to pay employees the next 30 days whether the store is closed. i want every c.e.o. to take that pledge there has to be plenty of money sloshing through the system. positive checks will soon be in the mail. good people won't go break. great. that is so bullish the market is going to anticipate it. some of that is what you saw today. why do i have reservations about ending the lockdown in a's few weeks? look, i recognize we're taking a big economic hit it's horrible how big the hit is but honestly, i think we're going to take a hit either way you captain just push a button,
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restart the economy. remember businesses started falling off the cliff before the lockdown as long as people are terrified of getting sick, reasonable, it would be difficult for businesses to bounce back strong that's why i'm advocating aggressive efforts to get the pandemic under control first once we can quarantine those most likely to get seriously sick, including the elderly, once we have enough ventilators and testing facilities, absolutely let's reopen for business let's crush it because we're behind on ventilators and icu beds and testing infrastructure, it's not a harsh judgment, just an observation. the business date we have been hearing about, it's too soon i know every single day we go unleashing the consumer is a day with a whole plumbing of the economy is at stake. that's what we count the treasury secretary to protect us on with the $500 billion he might have to leverage up and help the industries that need it
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most i think the people want to go back to business as usual asap are treating the coronavirus like it's a bad cold or flu. it's much worse than that. since when do you need a ventilator when you get the flu? we need to mobilize to beat this thing. i don't know if we have the pills that can protect us against the worst symptoms of the disease. can't even get rapid test results. other countries are doing this we should be able to do it, too. i'm getting lots of people who tell me i've been waiting for my results, i'm waiting for my results. that's not right when we have testing set up and get instant results and the health care system can handle the influx of new patients, game on until then why put an april 12 gun to our heads unless we get miracle of miracles? i'm game on then it will tied us over until it's safe for people to go back to work sadly we're not there create i expect a slew of big banks because we haven't developed a quick change in the bankruptcy code a covid exception which i'm willing to work on and develop
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and i will over the next week is what we desperately need a covid exception to the code because the covid is pernicious which brings me to today's market a good rally lets you in, doesn't make it chase like this. doesn't pile on top of an already shaky base, quick sand a good rally is stair step goes up nicely, people don't believe, flat lines, goes back a little you get it a bad rally, unsustainable rally is like a one-day mini bull market gives you all the gains and you had to be in yesterday consider it a geyser it went off. it might not go off again for who knows how long this sure ain't old faithful it's machine driven. i despise machine driven rallies more than i hate machine driven declines declines i can take advantage of, get your cake and eat it what happens next? the analysts who come out tomorrow and say the selling was overdone, we're back in business and say you should buy, i don't
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know you want to come on top of that? black and dicker up 18 i can't wait to get that pick up some constellation brands which zoomed 18 points. fedex up 25 points where they reported the quarter, they couldn't forecast the future is that a terra firm a you want to go on top of? am i saying sell a rally absolutely not because i have faith that we will eventually prevail over the pandemic. like with tarp, though, i think the possibility of waiving a wand full of money won't be enough as people are too scared and unwilling to put our lives on the line for the economy, the way people in milan called the all clear, something will allow companies to pay their bills to make it to the promised land, the real promised land where the virus is beaten, we're not afraid to get on a plan, go to a birthday party, the zoom party like at the summit there will come a time we won't
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have a one dayer there will come a time the rally sustainable. this was not a sustainable rally. let me tell you what we told the members of the action alert.com this afternoon we want to be ready if our covid numbers go up and i'm certain they might continue to go up, and that this thing is more at the beginning than the end bottom line, we don't want to buy something and find out we're in milan, not beijing. a market doesn't give you a chance to get in it's a market that doesn't give you a chance to get out if the bear returns i want to go to rand in missouri rand in missouri >> caller: hi, jim, thanks for your concern and compassion forfor all of us during this nightmare. you are a calm in the eye of the storm. >> thank you >> caller: my question for you tonight is about the company rite aid back in 2017 you really liked this company and then came the walgreens failed merger and the
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stock plunged. recent bely the stock recently the stock is doing quite well >> it's a blueprint for what happened in the stock market to me what that says is better to go after cvs. i heard larry interviewed by sarah. by the way, sarah, the painting is beautiful i thought it was such a compelling theme my charitable trust owns t. larry is doing such a good job at cvs let's do that. how great it is also earlier today we saw dr. fauci wasn't that terrific i love dr. fauci captain of his basketball team at region is great high school. charles in ohio. charles. >> caller: booyah, jim bob, how are you? >> i am good, man, what's going on >> caller: man, you know, just living the dream thank god i still have my job. i feel horrible for all the people that don't. >> don't you that's what we were trying to do when we took the kevin johnson
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pledge with our restaurants. you have to tide people over let's go to work >> caller: i started using robinhood four months ago, watching every day happy to say it's been a good experience so far. >> that's fabulous, that's fabulous >> caller: first, i appreciate everything you do. and now to the business. i recently bought a position in campbell's against robinhood's recommendations. i feel like today it might have found a bottom i'm not sure all i know is i go to the stores and campbell soup is as hard to find as toilet paper >> is it ever, is it ever. i do prefer hormel because we had them on. that's a great growth company. campbell's has been under managed. this new zealand guy is a good manager. i can't wait until he comes on the show after a decent regnum i'm glad you got started in this market sometimes we look back and say this was the moment. it just wasn't the moment today. it was the moment yesterday.
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oh, not all rallies are created eye equ equal. that's right a good read, by the way. it holds up. a good rally lets you in it doesn't make you chase. what we saw today was not that on "mad money" tonight, as the ability to communicate becomes more and more important, i'm going to talk to the c.e.o. of sky works about how it's helping companies manage the challenge then as averages head higher today, is this market any closer to finding a real bottom how about are we off the charts? a 300% increase in demand for software as more companies work from home. i'm talking to private blair blue scape you ha you're going to love that story. i suggest you stay with cramer >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer #madtweets. send jim an email to madmoney@cnbc.com. or give us a call at 1-800-743-cnbc
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time to circle back to some of the tech stocks that have melted down over the past couple of months. take sky work solutions swks maker of frequency chips, especially smart phones. a true blow out quarter, phenomenal guidance. i kept telling you it's one of the winners from the wireless g 5. sky works has a major presence because of the chinese manufacture of a lot of phones the stock got hit harder with the virus all over the world it would be delayed as we head into a global recession. it lowered forecast the next quarter. 5% haircut, 8% earnings haircut. things can always get worse. after today apartments rebound the stock is down 32% from the highs. you have to question, is that an overreaction given the fact some stocks like boeing are up gigantically on any good news? let's take a closer look
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the president of sky work solutions get a better read on how the company is handling the difficult new era. welcome back to "mad money." >> thanks, jim great to talk with you today too bad we couldn't talk in person it's a stay at home world. >> it is a stay at home world. which brings me immediately to sky works. we've all been zooming, doing collaborative work people keep asking me, why do we even need 5g i have seen more herky jerky film like when i was a boy in 1964 i have to wonder when we got 5g whether zoom would look like real, real photos and not this craziness we have now. >> 100% ta degreagree. you and i talked about the digital jamb five years ago. at that time we talked about the networks being compressed and taxed and digitally clogged. we're seeing this today. it's great we're seeing the network interfaces and the data
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traffic and the ability to do what we're doing, but we're nowhere near where we're headed. we have a long way to go in 5g incredible wi-fi technologies coming and i think this coronavirus situation is very difficult, it is a challenge it's a big deal, but i think the technologies we're working on in our eco system with partners like verizon and infrastructure players, and even the chinese, we're all coming together to make this work but it's a real indication of how necessary these applications are to the economy >> you know, it's funny, i was trying to figure out you were always telling me, jim, 5g, 5g, 5g i now think, i remember before we had high-def, we never knew our picture wasn't any good. we would watch the eagles beat the patriots, right? sure enough what would happen, it would look terrific, and then suddenly we got hd and now if we see the old days, we're like, is that what we were watching it seems to me the switch from that way to hd is not nearly as important as from what now we have to 5g
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>> yeah, that is it. the fact is as much as 5g is going to be tremendous and it's going to bring an amazing architectural shift to our economy, markets in general, it's still not here. it is here in certain areas, jim. the roll out has been somewhat delayed here due to coronavirus. but we're going to see a bigger uptick in the second half. we're working with the marquee companies, largely u.s., china, going into europe, and we're seeing some great technologies they're going to launch. it's just delayed right now. i think that's what we're going to see the quality, the experience, the bandwidth up side we've been talking about. and that will happen >> you know, i've been trying to figure out with this huge rally today, what really has staying power. and the answer is something that has secular growth or a lot of stocks today, whether they be minerals, whether they be oil stocks, a lot of the stocks that involve machinery, those, when they report, will be what you
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had to do. you pre-announce, and we're going to try to figure out whether we should still own them yes, maybe we get lucky and have a nike which did well. i think everyone is going to disappoint you have to say, who is just delayed, and that there's a promised land? to me 5g may be unbelievable in the second half of this year, and in 2021, it's unstoppable. most people do not have giant waves to surf on i have to believe that 5g is not a six-month phenomena. >> absolutely is not this is a multi-year thematic move people are clamoring to get the technology the issue we have on what manifests in the demappnd weakns is come about by a supply shock. the supply in asia and other parts of the world where folks couldn't go to their factories and work it creates a delay we don't think it's perishable we think this 5g technology is
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going to launch. some of the demand that didn't get executed in our q1 or q2 will move to the back half of 2020, certainly 2021 we see this more as a pause than a deep dive. we think things will come back >> we are getting reports from kevin johnson, c.e.o. of starbucks, where business is almost entirely back to normal we had good news about nike saying, look, china is starting to do well i have to believe if we were some of your factories in sky works in non-wuhan or maybe even wuhan we would be starting to see many people come back to work >> yeah, no, absolutely. fortunately for sky works, we got a great team we got 7,000 people deployed globally they're doing a great job today. but a lot of our stuff is here in the u.s we have kelly in the west coast, boston, the reason it's important is it shortens that supply chain it allows sky works to do some
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things that are very different and very unique. we have a platform approach. so when we address 5g, it's a sky 5 platform that can be very different for each customer, configurable crafted you can't do that if you don't own your own factory in a world where the data is moving around and we see bits and bytes, hardware at both ends, the transmit and the receive side is really critical. we're focusing on that and we think the opportunity is going to continue to grow. >> now, we had verizon on last week we know that a lot of the chinese phone companies are back in business. where are we with cell phones? is that just going to be a very big goalie and you're going to have to take a lot of pain if you want to win to come back >> i saw the verizon gentleman, the c.e.o. talking about upside. data phone announced an increase in data traffic. if you look at how this works, the smartphone -- that's your quarterback. that's your quarterback.
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they're doing a lot of the work. think about this i.o.t. space, machine to machine, autonomous driving, security. all these interesting applications that are really emerging through 4g, 5g, and higher speed wi-fi it's creating a new experience if we look at what we're doing with the young people today, the millennials, i have three kids, they're all face timing here behind me. in a way i think there are some positive thematic changes we can capitalize once we get through this challenge with coronavirus. >> i am absolutely certain that sky works may be as we've been saying over and over again, the single-best way to inform in this long-term theme that's y liam, i'm glad to see you. liam griffin, president and c.e.o. of sky works solutions. good to see you, sir >> thanks so much, jim take care. be safe. >> "mad money" is back after the break.
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could this be the turning point? did yesterday mark the bottom? not so fast. look, this is an incredibly emotional moment we don't want to give in to emotional decision making. that's often bad decision making whether it's on the way down, euphoria after a down, we need to take our feelings out of the equation the best way to do that is take a more quantitative approach we have a treat. we're going off the approach with tom demark. he's the head of demark analytics. he's a titan of technical analysis he has a host named after him. he served as consultant for some of the biggest, most successful hedge funds. a lot of technicians treat interpreting the charts as a mark mark spent decades formalizing a system that is more like a science. most important his methodology
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gives a god-look sense of timing he called the collapse ahead of time he was a point away from the actual lows. he nailed the top of bitcoin in 2018 perfectly and did it again with the bottom in 2018. i can go on and on the credibility is huge here, so what's demark's assessment right now? first off, his operations call tops and bottoms markets peak when the last buyer is bought figuratively speaking at least when everybody who wants out has already dumped their stocks, that's when the averages stop getting hammered in practice what does it mean? peaks are good news bottoms are accompanied by bad news. according to mark when the market rallies off of good news, that's typically associated with short covering and short sellers ring the register on their positions, very different from longs stepping up to purchase the stock. sou sound familiar it often leads to a sharp
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decline. well, that's something we have to worry about then the big question is this. was yesterday the bottom is today's rebound for real or is this another doom bounded by a one-day bull market? look at the daily chart of the dow jones industrial average we're going to get into the nitty-gritty of this go to symbolic.com, that's s-y-m-b-o-l-i-k, symbolik.com, which is demark's site he calls the up trend exhaustion in this case we have a rare second upside extension. took the dow still higher. when you get that extension it's often a precursor to a panicked meltdown they were seeing the same thing in the s&p and the nasdaq at the same time. of course, in mid february
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demark and his team were skeptical we could be poised for a monster break down but they told their large consulting clients to bet against the market aggressively because you have to stick to your discipline in these situations in other words, your emotions may have said, listen, we have great momentum, it's roaring what he's saying is my discipline says sell, sell, sell with the day or two of the peak in 2019 they made comparisons with the biggest meltdown. could this be 2011 how about a 1987 crash situation? even '29 -- whenever anyone invokes 1929, i hold my breath at the time wall street was complacent which is part of the problem. all of demark's up side projections have been fulfilled. he was extremely bullish charts can were screaming the up side was exhausted he figured this would be a lot more like 1987 and in the '87 scenario about the dow and the s&p plummeted 32.8% from peak to trough. that gets us to about 18,183
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target for the dow 297 target for the s&p let me give you some good news yesterday's dow's s&p lows were down from the target basically the same methodology let him call the top is now predicting the bottom. the s&p, though, this is worth focusing on because the dow may have hit the level, but the s&p, on the other hand, was still nearly 100 points above its absolute projection. the tv buy count is only a10 which means you might have three more ugly closes before a bottom so, is this the right one or is this the right one we aren't sure yesterday we were in a weird place where the dow looked to bottom its wasn't there yet the s&p breaks down to mark's target in 1997, we could see plummeting all the way to 1,698. he and his team don't expect to confirm downside break down like
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that whew where do we go from here check out the chart of the s&p 500. between june and august of 2011, during the debt ceiling fiasco that was such a nightmare and it went down 19%, peaked at 12. one more percent it would have been a bear market demark points out in 1974, 1980, 1987, 2001, 2016, each bottom had a secondary test in other words, we bounced from the lows and came close to revisiting it them which would mean we would roll back what happened today based on the history and current set up, averages bounced off yesterday's lows for testing them down the line i think that kind of fits as we have at least another couple weeks of very bad news on the coronavirus front. maybe it won't take a lockdown of 30 days maybe it takes a lockdown of 15. maybe there's another wave you know what i'm talking about. yesterday demark and his team told me they were looking for a 10 to 15% bounce in this period.
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they expect the bounce to be temporary. were they ever right he had this call yesterday there was nothing i could do i do -- yesterday the dow was horrible tuesday is our of off the charts day. he nailed this we have a fabulous 11% gain for the dow. he would have given you that, but it's too late to trade it. bottom line, the charts are interpreted by the legendary tom demark the dow and s&p came close to bottoming. there may be more capitulation don't let today's news make you too exuberant. we have more to process. if you have a question about the charts or the way demark operates, again, symbolik.com. again, got the call yesterday he thought it was i bottom. i need to speak to betsy in mississippi. betsy. >> caller: hey, jim. >> betsy >> caller: thank you for imparting your wisdom.
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my favorite lesson from "mad money" is panic is not a strategy >> exactly and it sure wasn't if you panicked along with everybody yesterday. how can i help >> caller: all right my question involves an infrastructure play given the high probability of a recession with caterpillar >> i'm sorry betsy, you don't buy cat during a recession. you do have james, pretty good guy, the yield is 4% what have we learned yield does not protect that's been the lesson of this moment can i go to matt in new jersey, please, matt >> caller: hey, jimmy, hope your family are healthy and well. >> we're doing our best. >> caller: everyone is my quick question is i'm 23 years old. i'm looking to get in the market on the downturn. are there any stocks i should be looking at to for a long-term
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investor like myself i picked up jpmorgan chase i was curious on your thoughts on them as well. >> i like jpmorgan chase i have to tell you something, matt, i'm a fuddy-duddy. i think the company the terrific you should be thinking more about nvidia maybe even, maybe even shopify i was tempted to pull the trigger. i don't want people to get their emotions get the best of them. i agree with the charts. i think there could be another pullback, given this was a short squeeze day just like when we have it down, and i don't like it going up like this. i really hate it because it fakes people out much more "mad money." i'm talking the future of work with the c.e.o. of private player blue scape to see how the coronavirus is changing the workplace. then i have a list of what i'd like to see happen i'm revealing it tonight it can't be business as usual,
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people all your calls rapid fire in tonight's edition of lightning round. so stay with cramer. - at southern new hampshire university, we believe in education built for all people. - [woman] snhu was the best experience of my life. - [man] without snhu, i wouldn't be the leader i am today. - [woman] i graduated high school 19 years ago. 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. 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.
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even if today it felt like we were about to be unleashed from our cage -- from our houses. we have so much incredible technology to enable work that i bet millions of people keep doing it even once the health emergency comes to an end, and it will come to an end which brings me to blue scape. a privately held company with a cool platform. it makes a work space that's collaborative and lets you run collaborative channels, multi rich software used by the entertainment industry doing all this stuff through a single portal -- most people are doing right now. it's all patchwork except for this blue scape found a lot of traction in hollywood. they've been winning all over the place. u.s. air force, intel. this could be the future let's think deep with peter jackson, c.e.o. of blue scape to learn more about his company and the future of the stay at home universe mr. jackson, welcome to "mad money. >> jim, thanks for having me >> absolutely. peter, i've got to tell you,
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every one of these things we've been doing about stay at home, they're nice and they're quaint and you know what? i'll like them about two days then i'm sick of them. blue scape seems to be the first thing that i've seen where it may be better than if we were all healthy and great and could get together in one room maybe you can explain why that is >> i think that the origins of things we try to do that are productive in america are that we try to get everybody, as we all say, get on the same page. the problem is we toss around pdfs, files, videos, and they're all on different pages and generally if you're in a zoom meeting or let's say webex meeting, a lot of people talking, a lot of people listening and maybe one document you're sharing with a couple others in our environment we're letting everybody work at the same time on a project by project basis. this helps people that are remote work with a secure
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platform which is used, as you mentioned, by the federal government and other european governments to do these projects and get things cut so that production time can be cut by 50 or 60% >> that's incrennedible. there's a show everybody likes on netflix, "blacklist." they use bluescape the creator says you don't have to be a genius to use. i was on a zoom conference call yesterday, and literally half the people are saying, what do i do it was like a frightening thing because most people were 50 or 60 we said the hell with it we don't want to exmopose ourselves. how about the fact bluescape doesn't seem to be that hard to use and a show that -- like blacklist, which everybody loves, is done on it >> well, three things.
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one, almost every studio in the united states does all their productions in bluescape that starts with they use the print storyboards in conference rooms. discuss, what are we doing for garments, what are we doing forecasting, all the way through production most of these things are made digitally, tree in a rock, then languages. to your challenge on video conferencing, we did testing i'm on zoom now. it's working well. i watched you this morning you work for productivity. you don't work for time. and so i think a lot of this work from home concept -- we'll talk about it a little bit -- is about these productivity tools but can they be secure can you take these documents home and start working on them on your vpn? and so when you're talking about that, i'm looking at the degradation. you were in there this morning when i got up, and every night when i drive home when i used to drive home doesn't take me very long now. i'm watching "mad money. you work for productivity and
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you want that time away from your vehicle to get things done. >> well, you know, it's funny. i was watching behind you when we first talked. there is a picture of me saying, oh, i love that stock. i'm trying to figure out -- will you and i be able to collaborate if we had bluescape, i'd be able to use that and tell you what to do with it it looks like behind you is a bluescape situation. >> there are three people in that conference call right now there's supposed to be a fourth. this is a far better opportunity for me they're working on a project right now for ford motor company and we're trying to help them, because they have employees in china, in mexico, and so they're sort of integrating what the work flows will look like when it's applied to, let's say marketing or manufacturing for them they're probably one of our most explosive customers. but, yeah, you would be in there. we put that in there five minutes ago. someone said, hey, let's throw a gif in there are a few of them out
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there. we think we picked a good one. >> you sure did. we went to the air force academy. it's clear what they do there is meant to stay there. in other words, what they do is very secure, very private so they're not going to show us parts of it. so i have to believe that they chose bluescape. i can't hack into bluescape. >> well, we just won one of their top awards everything that comes at us is from a security standpoint when we go into the sale cycles we have now, which generally would take us three months because there are so many people involved they are now turning into like three days the first call and the second call is the security people. they don't even want to know about what the thing does. they want to know how we built it we built it as a container, not a url. so it's bundled up it's encrypted only the people allowed to get in it can get in it. some people can't manipulate the data they can only read it. now you're sizing up who does
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what the person who does the most and does the least, you can run a.i. by the way, junior, you're not doing anything the quietest person in the room, different language this is perfect for the military but as we move to commercial use, you don't want to have what happened to sony when north korea got hold of their movies we have to make sure that we have a platform in the world today that makes people be able to work more productively faster that involves everybody. this is a brilliant program. >> i have to admit that it really is. i didn't know it existed until we booked you. i want to congratulate you, peter jackson, c.e.o. of bluescape for what i think is a solution that will last past covid. nice to meet you >> not booyah, blue ya >> i'll take it. "mad money" is back after the break. ♪ limu emu & doug
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time for the lightning round start with angelo in illinois. angelo >> caller: mr. cramer. >> yes >> caller: thank you for being "the voice" of reason in uncertain times. >> well, thank you thank you. tell my wife what's up? >> caller: j & j, what are you doing? >> you buy j & j my charitable trust owns it. why? triple sheet balance sheet run by a guy who may be one of the best c.e.o.s that doesn't have the economics of cali what are we doing with j & j every dog has its day. this has had many. let's go to chris in tennessee. chris. >> caller: hey, jim. >> chris >> caller: first-time caller, long-time listener >> great, chris. >> caller: wanted to know what you think about buying delta airlines >> i am not a fan of the airlines why am i not a fan of the
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airlines right now they have to have people go on their planes, and they seem to be having a problem doing that so why court that? if you want to do it for trade, the trade was yesterday. how about eric in wisconsin. eric >> caller: booyah, jim >> booyah. >> caller: this week companies offer products considered to be affordable luxury. what are your thoughts on l brand? >> l brands isn't in the mall. that's the last area that's going to recover if it does recover. so i mean, if i'm going to be -- want to be in a small stock, i would pick williams sonoma i think they're better at it let's go to jerry in texas jerry. >> caller: hey, jim. this is jerry down in round rock, texas. >> hey, jerry. wow, we got dell what's going on? >> caller: well, i have one of those infamous two-part questions. >> two parts, two parts. >> caller: iron mountain, what do you think >> i like iron mountain. i think it has a very steady businessness we've all used it.
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i think it's good. what happens' t what's the second part oh, that's it. i like iron mountain we'll go to my home state. jack in new jersey jack >> caller: jim, how are you going? >> which one >> caller: stein brands global >> dine brands dine brands had a remarkable move already it's up gigantically just today. i happen to like the concept, but i would not buy this stock up 6 i think you have to wait till it comes down let's go to george in vermont. george >> caller: hello, jim. hello from hardwick. >> caller: i'm sorry, we need mass in vermont hospitals, we need gowns in vermont hospitals. the president should go and read the real tea leaves about what's going on in this country we need the masks, we need the gowns. i'm sorry. >> caller: i was calling about my wife and i like to speculate,
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and we want to buy omi we think they're going to be -- >> that is a speculation i like. a little 5 smack speculation involves supplies for hospitals. i say buy. i like it. boy, and that, ladies and gentlemen, is the conclusion of the lightning round. >> announcer: the lightning round is sponsored by td ameritrade like that. well have you tried thinkorswim? this is totally customizable, so you focus only on what you want. okay, it's got screeners and watchlists. and you can even see how your predictions might affect the value of the stocks you're interested in. now this is what i'm talking about. yeah, it'll free up more time for your... uh, true crime shows? british baking competitions. hm. didn't peg you for a crumpet guy. focus on what matters to you with thinkorswim. ♪ i know that every time that i suit up, there is a chance that that's the last time.
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suddenly, suddenly all sorts of people are talking about how we need to can social distancing so that america can reopen for business we're told it's not worth the hit to the economy, even if it saves lives. they couldn't be more wrong. as someone who lives in a single most impacted neighborhood in the country, brooklyn, i am not in favor of business as usual. believe me, you want these people locked down the idea we can restart the economy by relaxing the quarantine efforts, it's a false choice yeah, social distancing is bad for business, but you know what? even worse force business just letting everybody get the coronavirus. remember, we had no natural immunity to this thing let me tell you what i think needs to happen. first, we have to crush this virus the same way they crushed it in china and south korea. how did they do that national lockdown. nobody can leave their homes for 30 days except for essential personnel. i know it sounds extreme
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believe me, my daughter who lives in madrid is getting a real dose of it. replete with a spare trip to the super market accompanied by the policemen. but if we want to beat covid-19, really stop it, that's how we do it the more aggressive we are about containing this pandemic, the sooner it ends second, we aren't sure about the efficacy of this malaria drug we keep hearing about, but we do have some early evidence if you give it to people early, they have a much better chance of recovery why not produce giant stockpiles of stuff you know what i would do tell those pharmaceutical companies that brought us the opioid epidemic that they now have responsibility to manufacture these potential coronavirus treatments no matter where they are, no matter how they find them we want them making it but please, don't take the stuff without the supervision of a doctor it is potentially lethal side effects if you get the dosing wrong. just a fact of life. third, kevin johnson, the c.e.o. of starbucks, this morning on
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"squawk on the street" challenged executives to hold off on laying anybody -- anybody for at least 30 days while we wait for the federal bailout money. he's having success with it at starbucks. we should all try to emulate him. we are with my enterprises fourth, without more ventilators, lots of people are going to die that's why we need to do everything in our power to get more of everything we need i agree with mark benioff, c.e.o. of salesforce when he says president trump should call chairman xi and ask him for surplus ventilators and gowns, masks for that matter because china has already beaten the scourge. their new cases are imported, as they like to say i want the united states to win off chinese manufacturing anyway we can i probably have the strongest view of that other than peter navarro. the trade representative i'm strong on the stuff. making things for ourselves, but for the moment we need all the help we can get. let's fix the supply chain issues, too. we get toomey essential medications from china
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it's outrageous. puerto rico used to be the pill making capital of the united states time to bring it back to puerto rico they need the jobs hey, you know what let's make the masks here. you notice they never say we have a factory here, factory there? huh-uh bring them home. fifth, the obvious, where the heck is the military nobody is more dedicated and more able than the military. no one is more respected either. they've only been called in piecemeal by arnold palmer consolidate of governors i think we should task a general who knows logistics and supply to run this whole shooting match. you know the army has 125,000 medical professionals? this is their time to shine. let sick people convirginia less convalesce on military bases i've sick and tired hearing we can't hand it because it's china or south korea because they had sars yes, our response was late that's okay. that's the past.
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i don't care where things were i care where they're going yes, we have a real problem, but come on, we're the wealthiest, most powerful and greatest country on earth we have incredible resources we can beat this thing if we're willing to put all of us, especially the military which knows how to do this better and faster than any one of us. we can beat it stick with cramer. college more accessible by making it more affordable. that's why we're keeping our tuition the same for all online and campus programs through the year 2021. - [woman] i knew snhu was the place for me when i saw how affordable it was. i ran to my husband with my computer and i said, "look we can do this!" - [narrator] take advantage of some of the lowest online tuition rates in the nation. find your degree at snhu.edu.
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tomorrow night on cnbc at 7:00 eastern, a cnbc town hall, the pandemic and the path forward. i'll look at the future of companies, workers, investors and health care. gary cohn joins us for the hour. so will mark cuban, plus nasdaq c.e.o. c.e.o. adina freidman and scott gottleib that's tomorrow at 7:00 p.m. eastern on cnbc. a lot of people like nike tonight. talk about a path forward. maybe that's it. i always like to say there's a bull market somewhere and i promise to find it for you here on "mad money.
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i'm jim cramer see you tomorrow "markets in turmoil" starts right now. next on cnbc >> good evening. i'm scott waup ner the developing story, the debate over when it is safe to go back to work as the dow has its best percentage jump since the great depression >> i'd love to have it open by easter >> major wall street rally >> stocks are surging. >> the dow pops. up 11% the best percentage gain since 1933 >> we're taking actions to preserve cash. skm >> we have been dealing with covid-19 for nin
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