to book we haven't seen in quite a long time, brian >> everybody, it was a pleasure to have you on cnbc's continued coverage and "fast money," thank you to chris, karen, tim and guy. we'll see you tomorrow night the dow down, worst quarter ever jim cramer picks it up on "mad money ".

just like this miserable quarter. >> the house of pain >> the s&p shedding 1.60%. the nasdaq declined 9.5% the dow jones industrial average had its worst quarter ever the craziest thing, though, truly crazy, do you know it could have been a lot worse. all sorts offer stocks have roared since the bottom a week ago. s&p rose 1.9% last week. we're leaving the quarter with almost as much hope -- certainly we had it -- than despair. how is that possible when the pandemic is raging and the entire economy is in dire straits? this decline was vicious as anyone's ever seen it. investors tend to regroup.

they figure out what they can make peace with, but what's too toxic to touch the ones they made peace with have stabilized and can actually rally on good days, but they may not have bottomed. you know exactly what time talking about. days like today they're going to give up the ghost a little bit there's some terra firm a there for some of these companies. the question now, are the stocks that led us in last week's rally the ones to buy here i call them the major corp.s or will we have to switch back to the minor chords as we get more brutal coronavirus data tough call we're dealing with an incredibly binary moment, people. right now we're in the midst of a biological world war if we lose, all bets are off, except for the finest utility stocks with no earnings risk that can keep delivering in a depression and there i like dominion, southern company and con ed. think of them as insurance policies with juicy dividends. if aep electric power comes down

a little that can join it. however, i think we can win the war. and if we win the war, the future is a lot more bullish than people think because there's been a gigantic amount of money being pumped into this economy to save it, with much more on the way, including, i hope, a kill covid war bond that could raise $500 billion to raise what we need to be independent in the next pandemic i'm a buyer. like i keep telling you, we win by imposing a national lockdown testing everybody so we can allow those who are sick to recover and immune to get on with their lives in the meantime we have to keep washing our hands and avoiding other human beings so the virus can't be spread. don't make a joke about it think about it as starving the beast. now, so far we haven't done a great job of fighting this outbreak it's not political, it's fact. we weren't ready, like anyone can be ready for this, but we weren't ready. so why the heck am i confident we'll win?

simple this isn't the first time the united states has been dragged into a war it was woefully unprepared for that's what happened in world war ii after arduous slot, we not only beat the axis powers albeit with a lot of help from the soviet union. i think we'll do the same thing with covid-19. lets apt be clear. a lot of people are going to die because we didn't take this disease seriously at first and some people still aren't and the reaper coming, it's horrible the market doesn't care about the past and in all honesty, it doesn't care about human life either its heart doesn't go out to anyone because the market is heartless. heartless, but rational. but what does the market see here it sees a total mess we're a service-based other economy. who do we service? americans who buy things, cars and iphones and tables and chairs and flights and concert tickets. right now we're not buying much of anything aside from canned food at the super market, bird's eye and staples we get from amazon, costco or maybe walmart.

the pandemic has robbed consumers of their primary m.o., consumption. rent, important things like housing, they can't work, they can't pay. a lot of corporations, too that may be the achilles heel of this decline that's what you're going to have to follow. that's the battle. that's the tug-of-war. paying off the banks versus not paying so the consumer economy is dead in the -- dead, dead in the world. basically in induced coma. however, the total oddity, business to business economy is doing very well. i'm talking about technology in the second quarter we're dealing with the barbell here. we have a list of companies that can thrive when the economy tanks and research houses are predicting a 30% drop in gdp we're going to study this perio forever. we're going to hear from conagra later. slim jim and david faber's

favorite chef boy ardee. you have the stay at home economy, zoom and teledoc, citrix, kind of nickell robey-coleman, nvidia. on the other side of the barbell ones that can thrive once the pandemic is over, which by the way, does occur. think disney boeing costco amazon walmart. honeywell. i'm throwing in tjx because there are so many retailers going to go bankrupt they can own everything i'll be shopping there long line. the values are fantastic i got a pair of black pants -- different story. the barbell is curiously imbalanced aside from the staples and a few select techs, not many things are investable when the economy takes a huge header. you can't on the banks they're 2 and 0 for mortgages. retails, big banks are winners why? they're being destroyed by big

boxes. can't own travel or transport. a long time before people trust the process of vacation again. i was tempted to buy united airlines as a hedge. travel, forget it, jake, it's travel airline etf down 15% this year most importantly, you can't touch the oils when the posted price for crude in the basin is ten bucks lower than what you're seeing on the screen it's not the 20 west texas intermediate these prices will devastate the industry if we don't get this outbreak under control soon, i bet oil could easily go a lot lower. no one's driving i expect a host of natural gas companies to file for bankruptcy very soon. a foot race to the courthouse. same with the pipelines. don't trust any of those ones with the 10, 15% yield that's going to be taken from you. stay away. even a call from trump to putin, there will be no consolidation people say, they'll consolidate.

solvent oil companies know better than buy soon to be bankrupt companies here's the tricky part i think we'll contain the coronavirus sometime in the next 50 days. i was going to say 30, but the numbers, the cuomo press -- i like cuomo, but holy cow, it's like a stephen king thing going on there social distancing, i would call it physical distancing i don't like the social. no one's talking to anybody. you want to be far away from them physical distancing. doesn't mean we're going back to the old world. we'll have to adjust to a new one where fear is in the air, we'll stay home more than we used to, eat popcorn and slim jims shelter-in-place at any moment if the virus starts picking up steam again because it's so evil it's cynical, insidious. that's why i like the staples. avoid anything cyclical, including autos and housing. i don't see those areas of the economy coming back soon i like costco and walmart

because they can weather this. in the third quarter i'm betting on resurgence of consumer tech, apple, alphabet and facebook no need to rush any of them. i'm not trading them in my charitable trust we need to make it through the second quarter the second quarter is going to be so ugly like 2007, 2008 all over again hey, i'm cramer. the bottom line, just like the first quarter, i'm betting a second quarter will be bad maybe not as bad as it could be, though three months from now we'll be telling ourselves it could have been a whole lot worse still going to be very tough, though, which is why you need to stick with the staples, the utilities and the stay-at-home economy tech stocks and avoid the oils, the transports, the travel, the leisure and real estate including the reeits and housing and banks that finance them and others. i have to do the rest of the show let's speak to elizabeth from my home state of pennsylvania elizabeth. >> caller: hey, jim, how is it

going? >> fair to mid land. how about you? >> caller: i'm doing well, i'm great. i have a question for you from a woman's perspective. probably something men aren't thinking about right now >> okay. >> caller: a huge population of women depend on salons for personal beauty. >> right >> caller: all the spas are closed we're buying beauty care products from cody we're buying them off the shelf and learning to do all of this stuff ourselves. i have a prediction retail sales for beauty companies are going to spike and that even after the salons open again, when we have learned the process, we'll continue to use these at-home products so, do you think that this is a reasonable assumption? and if so, do you think that could be a possible uptick in companies like cody, revlon and cvs? >> it's a great question let's approach this from the point of view of cody is a long shot, all right.

you go to the horse track, i used to bet on ponies a lot. you see something, man, that's a 40 to 1 shots. i'll put a little money on that. if you win, you're jinxed. i have ulta. that's a 2 to 1 shot that's the one i would want to be in. revlon, that's like mollie no show in the movie gauntlet let's go to pat in washington, please pat. he >> caller: and i a big pacific northwest booyah to you, jim >> where my daughter used to live, booyah we want to go back there it's great what's up? >> caller: so, with amaran pharmaceuticals -- >> did you see that off a judge's patent rule, wasn't that something? >> caller: yes down to $4 as we speak after hours today. so even on appeal, is it worth holding? >> you know what, i'm going to say at $4 that was an overreaction i thought it would jump to 6

i read that. i said, are you kidding me the judge decided to wipe the company out? you know what, we live in strange times. was that like confucius? let me google that jack in texas, please, jack. >> caller: dr. cramer, thank you for taking my call >> man, be careful i'm a doctor i have to do this like every doctor in the world being recruited at this moment and i thank every doctor i thank every doctor within a 50,000 mile radius in new york city go ahead what's up? >> caller: well, i agree with you 100% on your analysis of medical doctors. i'm over 65 and dividends are becoming more important to me. i'm watching a stock whose product i use. it's at a 52-week low. in fact, it seems to have been trending down regularly the last five years, but its current low is paying a really good dividend and i'm wondering whether it can grow, at least maintain its dividend, why it's been trending

down for so long the stock is hanes underwear >> here's why hanes underwear is trading down it's trading down because it's sold in department stores and people feel this is going to be the quarter where you're going to realize no one sold a lot of hanes. i'm with you, by the way i think hanes is an interesting spec because it's a profitable company and they're not bozos. they're like a really good company. but at the same time you have to understand when the quarter comes out, everybody's freaking out these days it's a freak-out stock i'm kind of with you don't know if they can -- they have the fire power to maintain the dividend, but some say so did macy's and macy's scared the living daylights out of people symbol et, it's not phoning home good riddance, you awful quarter. we're going into the second

quarter with some hope you may have missed the news that palo alto made a major acquisition that puts it more in the home office business i'm talking to the c.e.o. about the move along with what the company is doing to help business work remotely and for its employees. then if you've been to a grocery store lately, you've seen many store shelves empty. you know what was in those a lot of stuff like slim jim's, healthy choice, frozen meals, chef boy-ardee you can't find bird's eye. i like the peas. i have the c.e.o it's a good company called conagra. i'm sitting down with the c.e.o. to see how they keep agriculture going in a time of uncertainty so stay with cramer. >> 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 at

madmoney@cnbc.com. or give us a call at to order, call tty: 1-800-544-3316. miss something head to madmoney@cnbc.com. shouldn't you pay less when you use less data? now you can.

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you know i keep floggingth stay at home economy there's one problem with the pure player work at home stocks. how about the last pure plays. the companies with exposure to the stay at home economy they have other good things going. consider the case of palo alto networks, pnw. that's a play in the cyber security space a suboptimal quarter the end of february when everything was falling apart. it is of an enterprise company and most aren't eager to spend a

lot of money right now they also have a powerful stay at home kicker helping businesses protect their networks from hackers as they rapidly scale up the remote work capabilities and just this morning palo alto announced that they are doubling down by acquiring cloud genex for $420 million will that be enough to offset the gravitational pull of a much weaker economy let's talk to aurora, the chairman and c.e.o. of palo alto welcome back to "mad money." >> thank you for having me, jim. >> okay, you have to start with the thing that's most important, which is that everyone is very worried about what's going to happen to their employees and very worried about what's going to happen in the future in terms of layoffs, but also in terms of health what can you commit to do for palo alto? >> well, jim, thank you for asking the question. of all of th we were one of the few first companies to send people home

because we figured people need to get established at home to be able to work well remotely so we can continue to serve our customers. so we put the health and safety of our employees first we have been in constant communication. and last night we announced the relief fund and pledge that management has your back we are committed to no covid-19 layoffs in our company because people are very insecure, people are very concerned about whether they'll have a job when this economic thing comes back around so we made a commitment that people are going to be protected, their jobs are protected, there will be no covid-related layoffs. additionally, me, our board and the company has contributed to committing $400 million to matching employees donations, we're asking employees to donate up to a million dollar or more we hope to have 5 plus million dollars raised very quickly. the intent is to help employees in need, first and foremost, to help wage workers and three, support the community that we

are all in so we've basically chosen to balance employees with people over profit in the short term time frame because people are concerned about what's going around >> will that include the cloud genex people just acquired >> yes everyone is welcome to the family once we acquire them should take four to six weeks. they're part of the family we don't make distinctions >> we're used to people being bought and then fired. you are not doing that >> no, jim i think we will come out of this i think we'll come out of this strong both as an economy and a company. what form the coming outtakes can be up for debate whether it's a slow protracted comeback which i think is more likely than not it is time to hunker down, put our heads down and continue to build great products we are in a position to be the largest cyber security company in the world at a time like this, it shakes out the winners and the losers >> this cloud genex is important. you have a really gooder --

>> thank you >> i have seen not clipped on, but seen some of the things that you talked about and they are so easy to click on and i really want to and they seem to be directed entirely to me, but they're brilliant. and cloud genex flags them >> jim, there are two things going on out there one of the things that happened in the last few weeks, every enterprise, every company out there was ready for a 5, 10% of their employees working remotely overnight we had companies come and call and say we'd like 100% of our employees be able to work remotely no drop, high scale ability and security this isn't what we planned for, we had to evolve into. we had to pivot overnight. not just us, some of the favorite names you talk about in the same space, you forget us. we have a similar product. we've seen a thousand customers try our product in the last two weeks just about going to remote

secure access. we've seen a huge explosion in one trend which is about working remotely from home, and second, jim, we're seeing the bad guys are able to pull out their old tricks and use them again because people are working from home homes are not as secure as your enterprise we're having to look at people 8, people are more likely to use their home laptops in the last two weeks, 100,000 websites registered coronavirus secure not all websites are legitimate. some of these websites are being set up to be able to get into your credentials, to be able to compromise your email to allow a road in back into your enterprise that's what we protect people from >> now, in your last quarter you did say that you -- look, you're an incredibly candid man that's why i love you. you said we executed the last two quarters that didn't grow faster than the market we're confident that it will grow at market or faster

it sounds like those execution misses are a thing of the past is that fair to say? >> well, jim, i have been really amazed and very proud of the networks the last two, three weeks. the way the company handled itself, stepped up to the challenge, the way they're out there working 7 by 24 with the customers, going out there and making sure stuff is out, out of the company in the customer's hand deployed. we've had school districts we've had universities we've taken them live in 48 hours. so i think the execution is back, is back and i hope this will translate into a good outcome for the company in the future from a financial perspective. >> i want to talk about the covid relief fund. we are now in new york we went from two weeks ago where no one knew anybody, but it sounded bad to now then to everyone knows someone who got sick and to now everyone knows someone who died you guys have a total lockdown out there. obviously i think that was a better policy way to do it

your covid relief fund, is everybody safe >> yes, everybody is safe. we had a few cases like many companies and we've been very careful about tracking who they've been in touch with internally we've called every one of our employees and people who have been around them to make sure they're safe i think the cases are in single digits we can count them. so i think from that perspective we're safe but the fund is for more than that there are employees who have a family of two, somebody else got laid off, they work in the service industry, they need support to be able to work from home they have three or four kids they need support. that's what we're here for the rest of the employees thousand of us have banded together i forego my salary the next year we're going to make sure the money is available for the employee base. we have hourly wage workers who work in cafeteria, security, these people have no idea when they're going back to work these people need to be supported. we need to make sure at the same time we support the community whether we're in santa clara or

tel aviv or india. we need to make sure we have support available to get us through this cycle of this covid pandemic >> wow, hey look, thank you for taking the pledge. thank you for doing much more than the pledge. i'm sure that your people, including cloud genex will be well nor the rest of their life as they should be. that's the way to do t. chairman & ceo of palo alto networks. i hope to see you soon, sir. >> thank you, jim. >> thank you palo alto making some good changes. "mad money" will be back after the break.

as long as we're on lockdown, the packaged food companies can practically coin money. this morning conagra brands reported okay numbers, nothing that great the commentary about the current quarter was just stunningly positive we theorized that conagra's

brands must be flying off the shelves thanks to the quarantine birds eye frozen veggies exactly what you need. now we have proof. conagra had to gut its forecast because business was just okay they are seeing significantly increased demand in the consumer business right now that's why the stock rallied 4% on a terrible day. let's take a closer look with sean connelly, the president and c.e.o. of conagra brands, learn more about the quarter and what's going on here mr. connelly, welcome back to "mad money." >> jim, thanks for having me >> these are a stop iguodastonig numbers. i want you to go down the aisle. the center of the story thought nobody went to, but i see conagra products here, conagra products there, the numbers are stellar. go through >> we can make times like these

call for extraordinary resiliency we have an incredible responsibility we have to keep people fed, nourished and as food comforts, we're doing good by tasting good we're running flat out to keep the food coming. i'm incredibly proud of the team as we navigate these challenging times. >> birds' eye, my super market, nothing, no bird's eye how is that possible >> it's selling out as soon as the truck arrives at the store the truth is we've had no disruption at our plants that's where our heroes are, the plant folks making products around the clock seven days a week to keep it coming my advice is to timeyour trip when the truck shows up at the store because it doesn't last long once it arrives on shelf. >> that's unbelievable how about this brand that's been around a little bit that my vegan daughter introduced me to, and we have a lot of vegetarians in the staff gardein. putting up a 24% number?

>> gardein was growing robustly before this crisis, jim. like much of our portfolio, it's only accelerated since i think what you're seeing here is consumers are eating everything at home breakfast, lunch, dinner, snacking and dessert so we're selling all kinds of food across all kinds of day parts because people are sheltering in place. and that's a good thing, and we're trying to do our part. >> now, i was kidding with my partner david faber who has never done anything in his life other than have his wife serve for him. but that's a joke. but chef boy-ardee, that had numbers i hadn't seen in years >> chef boy-ardee is a classic canned good. you tend to see canned goods go first. after a that we saw a shift to frozen the frozen portfolio we have which is quite large has really matched the center store grocery business in terms of growth rates. and more recently we've seen it

move over to our snacks business as well which is growing every bit as fast as the rest of it. so chef boy ardee was growing nicely before covid. it's doing very well now people are having flash backs to their childhood like david and hopefully they're having a good eating experience. >> all right now, you are asked in the conference call about the intermediate look, one day -- we hope this thing ends, holy cow, this is a bad thing. what do you think is the possibility people say, you know what, my childhood food turned out to be much better than it used to be and it's less expensive. i'm sticking with it >> well, the place where that makes the most sense to me, jim, is in the frozen business. as you know, the frozen food business, portfolio of conagra has been completely rebuilt in the last five years. so the quality is much greater than it used to be a lot of consumers in this crisis are experiencing that for the first time and i'm sure they're going to

take note of it. and it should be a positive going forward. but that said, you know, that's really not what we're thinking about right now. we have an important responsibility here, and that's to keep people fed and try to keep them comforted in this time of high stress >> but you also have made -- a very novel company to do compostable packaging. i think once people see that, it eliminates an objection they might have had to what you were serving. >> you're exactly right, jim when you look at our products in frozen right now, many of them are not in the plastic trays a lot of consumers don't like that they're in plant-based packages that look like butcher paper you'd get from your local butcher. so they're very popular. this will be the first time many people experience that, and i think they will find it a superior alternative like the other people who have tried these products before them >> help me with a term that you use that can make things more

illuminating you bent the trend in legacy pinnacle foods the word bent -- it was kind of like a geometrical drawing i thought maybe you could explain this this is important. this is an acquisition you made that we really want to payoff. a lot of parts are already paying off this seems like it's an inflection point >> yeah, when we acquired the pinnacle business, we found several of the key businesses were in a little bit tougher shape than we thought they would be when we got under the hood to look at what was ailing them, we quickly told our investors, look, there are no shortcuts here, we're going to do this the right way and it's going to take some time. you should expect when we get to the back half of our fiscal year, we will begin bending that trend because we will have pulled the weak spots, weak items out of the market. we will have rebuilt new items and introduced them in market. then you'll see a methodical trend bend upward. that's exactly what we saw in the third quarter and we see that continuing right through today. and that's a very good thing, jim, because one of the big reasons we acquired the pinnacle

portfolio was because we have so much confidence in frozen, a perfect food form for today's consumer a lot of the pinnacle brands like bird's eye are iconic brands that have done well for many years and they needed to be modernized >> you have another iconic brand, a lot of great companies in consumer goods. mccormick reported a good number but had weakness in food service. you have a food service business, too, that's very important. do you think that that can be offset by all the good things you've just been talking about >> yeah, but 10% of our business, jim, is food service and we have important customers in the food service channel of trade, important consumer patrons at the -- who are sitting at the table having this experience obviously that's been disrupted. we will more than makeup for that weakness with the strength of our retail business, our at-home consumption business but, you know, let's face it, over the last 20 years consumers have really fallen in love with eating away from home so we do expect it to bounce back and

we're rooting for the food service folks because there are a lot of people in the food service industrystruggling right now. and we're hoping that resolves itself, too, because they run great businesses >> i would be wrong not to -- if i didn't bring up slim jim, which is just doing incredibly well dave's which is doing incredibly well, duke just talk about the convenience store because a lot of people felt that people aren't going out to convenience store but your numbers are too good for me to believe that that's the case >> what i think is happening there, jim, is people are prioritizing online shopping and traditional retailers, and so we're beginning to see a bit of a makeshift. our c-store snack business is lighter than our previous run rate we are making that up in traditional channels of trade. you still see very strong numbers in our snack business across the board but there is a different dynamic happening in c-store than is happening in traditional retail because people are really trying to stay out of -- stay out of

the store as much as they can and they want to make those trips big stock-up trips that tends to point to traditional bricks and mortar grocers, super centers and online >> but what do you say to someone like my wife who lives on swiss miss? every morning swiss miss every morning she buys it online how much money can you make on that >> our margins are good online it's not a dilutive experience for us our online business has exploded, jim. we're actually growing faster and faster every quarter now our growth is outpacing our competitors. so we're gaining share online. that didn't happen on accident we invested to build a team there to work with the traditional retailers who built their online business as well as the pure blunt e-tailers we got very collaborative relationships you can imagine in times like now when those retailers are really looking for steady supply. >> right you're one of the stories that worked during this period. i think it's going to work

continually because you offer good value and that's what people want. so, sean connelly, president and c.e.o. of conagra, thank you stoch f s much for that hopeful outlook. always good to talk to you, sir. >> thank you, jim. take care. >> "mad money" is back after the break. and the struggle is real. mom! look! take something that can wipe you out? or don't, and fight through every second. new quick-dissolve nurtec™ can bring you back when migraines attack. just one dose can work fast and last so you can keep going. don't take if allergic to nurtec. the most common side effect was nausea. nurtec one migraine. one dose. onederful™

we knew this pandemic has been devastating it's a devastating -- to the economy. what about businessnesses that are truly essential? like the food chain, maker of farm equipment, here's a company having a tough time before covid-19 took the world by storm. they weren't alone, impossible to forecast when you don't know how long this outbreak will be with us.

nevertheless, ag co is bending over backwards to get farmers the machinery they need without putting their work force in danger this is an essential business. let's check in with the chairman, president and c.e.o. of ag co to get a better sense of how they're handling the disruption. welcome back to "mad money." >> good evening, jim great to talk to you >> all right now, martin, you are probably the most international of our guests because you've got business in the u.s., germany, france, united kingdom, canada, brazil, sweden, italy. i know you do business in russia you do business everywhere covid has just destroyed the world's economy. is there hope that it can come back >> let's say the times are tough and i would like to use an example, it's more difficult, of course, to sail a ship in rough seas, but we have a rock solid ship we have a super motivated crew, and we have a solid captain. and on top of that, my coo is

the second in command. he's leading the direction and we are doing the right things. so when it comes to your question how we are doing globally, it depends here in the u.s. we work with all factories at capacity no big impact yet. in europe, depending on the various legislation and rules, we had to close down certain fact ri factories in germany, italy and so on there on short time. but we usually do have a summer vacation where effectively it's closed so we think we can catch up then during this time in brazil we are very good in coordinating between our industry, not only the ask, our peers and the suppliers in order to get the supply chain in order.

so in china we are back working in the factories so that means overall i am slightly optimistic that we will prove that we are a rock solid company. as soon as the window opens again, i will buy echo shares. >> you will buy in the open market >> yes >> let's go back to brazil in the conference call. you felt they didn't have the right machines has that changed you had that beautiful machine here and i thought that would have been a big seller in brazil because they like gigantic machines >> yeah, we didn't, but the big machines were not our problem. the small machines were our problem. we decided to come in with a new generation of improved higher technology small tractors. but the market wanted to have

the old-fashioned but cheap stand out tractors as well so it was an easy fix because we brought those sectors back and we are now selling them again and market share is coming back as well. >> let's go back to china. i need a little hope here. you're seeing china go back to normal because a lot of people are saying, jim, don't be fooled they're not going out at night don't be fooled. they can't have crowds hey, listen, i just want people to be healthy. you have people buying equipment? >> well, actually, the difference between us and other industries is we are critical. >> right >> we are part of feeding the world, which is also our vision, high-tech solutions for farmers feeding the world. and farms still work and operate. so they need equipment, and that's different from airlines or other equipment which is just not used our equipment is used. we need to service the equipment. we need to deliver parts and the advantage of our

digitalization and our advance technologies is we can do remote monitoring we do remote service so that means we are in a position to support our product also in these tough times. >> okay. now, i have read through the $2.2 trillion stimulus package it's got some good news for farmers. i have always felt that when farmers get money, they want to buy new equipment that makes them more efficient. i have to believe that the return on investment on a brand-new agco tractor is such they should take advantage of the money they're getting and buy one. >> that's what they're doing they basically buy a pickup truck first, and then the tractor. so that means we think they will invest because also the american farmer suffered a lot before from the sanctions from china, and so the complete package now with the chinese, most probably buying again and buying more in

the future and subsidies, i think i'm slightly optimistic that we see a better market here in the united states and canada >> all right let me -- let's think a little bit further than just covid. we had beyond meat on, ethan, great guy. we had the c.e.o. of conagra, plant based. plant based is big doesn't that play into conagra's sweet spot versus cows >> we are very strong. the big professional farms in the united states. this industry, this segment is important to us. but we also, decent -- we have very great product we are the world leading bailer in the united states massey ferguson bailer we have necessary product for the dairy farms. >> excellent

martin, it's always great to see you. be with someone who has a good secular trend regardless of covid. that's martin, the chairman, president and c.e.o. of agco "mad money" is back after the break.

it is time time for the lightning round >> buy, buy, buy >> sell, sell, sell. >> and then the lightning round is over. are you ready, ski daddy time for the lightning round who am i going to start with

chase in new york. chase. >> caller: booyah, jim >> booyah, chase >> caller: long-time watcher go birds >> go birds. >> caller: i'd like your take on peloton stock. >> peloton is interesting. it is the stay at home stock to stay home and workout. i don't know whether we have a real bad recession, people will still buy it at least it does have a good thesis how about ben in pennsylvania. ben. >> caller: hi, jim my name is ben i'm 17 and i'm from philadelphia >> yes >> caller: two weeks ago i sold -- it grew by 300%. should i invest in it or should i buy uber >> wow, you take a gun -- it's pretty dangerous, i think. but you made it. don't go back to the same one. uber, we have a better balance sheet. work that deal long time i support the deal long term

we're going to beat this i have dr. fauci on the team let's go to olivia in new york olivia >> caller: booyah, jim >> booyah. >> caller: i was wondering what your thoughts on nucor are >> it was upgraded today, a thoughtful upgrade nucor is the only company that has gone through -- every one of these great downturns and come out on the other side. it yields 4.4% if it yields 5%, i like it remember we are going into a serious recession where a lot of things are not going to get built. i need to go to edwin in ohio edwin. >> caller: hey, mr. cramer, thank you for taking my call my question is about planet fitness and what you think the -- >> before the epidemic, the pandemic -- whatever demic, it was one of my favorite stocks. but now we've got to see the curve, the physical distance we have to see all these things that are real bad for business so i prefer to wait now and see

what happens how about josh in california, please, josh no, you know what? we're going to hold josh till tomorrow if we can i'll have to take some calls and do some things back with people behind the set and get that done but that, ladies and gentlemen is the conclusion of the lightning round. >> announcer: the lightning round is sponsored by t.d. ameritrade ♪ ♪

poppy come quick! -something huge... like a lot bigger! is coming to your home. wait for it. happy birthday. what a troll. we can finally imagine what

a post pandemic future might look like now that our country is getting its act together. the world will never be the same, though seeing makeshift hospitals in central park in new york city, it's like seeing that hospital sprawled out in gone with the wind after the battle of atlanta. to see a hospital ship coming to new york harbor makes you feel the city is under siege. that's why i say it's like pearl harbor we were caught totally flat-footed. covid is changing the world, too. albeit in different ways things will never be the same because we're fighting a war against a disease and the battle field is no place for commerce no one is getting combat pay people are just trying to stay alive defeated "the new york post"ly by their disbelief this thing could be so virulent the remaining population wages a guerrilla war against each other. who is fighting the coronavirus and who is spreading we have an appointment in samara is this a mask of the red death scenario, you try to hold it off only to bring the disease with

you? we just didn't know. we didn't know this until yesterday. yesterday we learned that abbott labs has a test that can detect the fievirus in five minutes. this is abbott labs we're talking about. it's one of the best-run companies on earth if anybody is going to do it, they are a rapid fire test is what we need to turn the tide. once people know they have it, they'll be much more likely to self-quarantine when we know who is sick and who is healthy, we can start returning to some semblance of normalcy, which we do not have. of course, we still don't have enough masks and gowns to stop this thing from tearing its way through our hospitals. long ago we outsourced all of our production capacity overseas that was our way regular viewers know i have a very low opinion of the chinese government but if we can work with stalin to beat hit letteler, we can wot xi jinping to beat the coronavirus. we all need to work together to stop this pandemic unfortunately the white house

seems to be working against getting help from china. we need a billion masks for soldiers you don't have to like the communist party. but when it comes to making personal protective equipment to scale, the china ee could be mists are the only game in town. we're working on a vaccine we're trying out this malaria drug in combination with an antibiotic there is a french study showing it works, though it wasn't rigorous, no pier review some people want to believe the study is all that matters. i say we let dr. fauci destaten island if and when the malaria drug works if you think fauci is withholding a viable treatment after his heart breaking relentless experience of trying to save people's lives during the hiv epidemic, you are obtuse don't be like "shawshank." this is in the early stages, abobu we had a small victory with abbott labs. we needed one. we can chip away with this thing. one little victory at a time we know it's possible. please don't give up hope.

stick with cramer. - [narrator] at southern new hampshire university, 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.

the temptation is to buy the down and out stocks. the cruise players, airlines, the oils i am telling you to resist those. particularly the oils. i think this is the quarter where the dominos fall things are very, very bad in oil, far worse than you realize. and i think that that's going to be the point of pain, along with the real estate investment trust with the biggest deals i think they are further dominos. don't reach for those. reach for the high-quality technology companies, but most importantly the staples and utilities. i always like to say there's a bull market somewhere and i promise to find it for you here on "mad money. i'm jim cramer see you tomorrow

cnbc's "markets in turmoil" with my friend scott wapner starts right now. quarter. good riddance. it's been a miserable one. >> the dow just completed its worst first quarter in history. >> we've shut down a lot of the parts of the economy. >> now the battered american economy prepares for another shoe to drop more layoffs >> this fall will be with us a long tim