>> yeah. i don't think the route in credit is over so my trade is short. xyg. >> all right dan and guy, we'll get your final trades coming up here. we'll run out of time and we appreciate it, great job, everybody. unde 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 make you some money. my job is not just to entertain you, but to educate, teach you. call me 1-800-743-cnbc tweet me @jimcramer. let's play ball. major league baseball is gearing

up for the season that starts next month with all the teams playing in phoenix. the cdc and national institutes of health are supportive even espn. even though there won't be any fans, it seems like we might return to some semblance of normalcy well, don't take me to the ball game, but have a ball game i think that's the perfect metaphor for today the market started strong, kind of excited about the baseball season dow up at 1.900 points i think the metaphor is actually wrong which is why we sold off hard in the afternoon. dow ended up closing off 26 points s&p dipping .16% it was quite a reversal. we're supposed to be in one of the saddest moments in history while we slow the spread of covid-19, the death toll keeps rising the darkest is just before dawn. what do they think dawn looks like if you judge from yesterday's action, investors are buying on a v-shape recovery

boom, boom, business comes back, everything comes back to normal. a v says we have this virus whipped in no time i'd love that kind of recovery so would you i know that. that's not going to happen don't get me wrong i absolutely believe we are going to beat this thing we are a strong country. i have never for a moment doubted that our scientists will come up with a way to treat if not eradicate this disease and eradicate it must be i started warning you about the coronavirus early and often, but i was never on board with the apocalyptic hedge fund managers who came on our air, wondered if society would collapse by the way, i haven't bought a home in the pandemic islands it's a secret arc pell goh it's something david faber spotted from above however, v is what justifies

yesterday's rally and today's vicious panicky uplift before the collapse >> in the hole >> as much as i do love churchill, i do not believe in the v when it comes to this recovery why not? three problems first, we still don't have an effective way to treat covid-19. can't get back to normal without a treatment or vaccine got to have one. two, we still don't have an effective way to stop spreading the darn thing during the two-week period people are affected, asymptomatic that's why we're all on lockdown, this quarantine. three, some parts of the country like new york seem to be flattening the curve that doesn't mean we can go back to normal. it means we've taken the worst case scenario off the table. i have no idea when we'll get a workable drug that relieves the symptoms of covid-19 i don't believe we have one yet. this disease can wreck your lungs. you can be working at home fine

for nine days like the prime minister of great britain. suddenly you have to go to the icu. you better believe boris johnson is getting the best possible health care in the world yet might not be enough. that's terrifying to me. meanwhile, it should be terrifying to you, too meanwhile, we don't have enough protective gear for our health care professionals let alone their patients can you believe that's still a problem? i go out -- i'm going to leave here the moment i leave here, this goes on, okay. this goes on do i want it to go on? no do i like walking around with it no but this goes on why? because i don't want to get you sick and you don't want to get me sick, okay. maybe nobody's sick. well, hallelujah how about some testing we're hearing mixed things turns out the rapid test may not catch everyone who is sick have you heard that one? i did. i did a lot of work on it today. especially the newly infected. we need to get serious about testing. that's the only way to beat this thing. or we are one super spreader away from defeat

we can go to the market plummet when the white house released a somber forecast. 100,000 to 200,000 deaths from this thing reports we may be flattening the curve in new york. we have 12,000 dead. it's possible to have 100,000 figure may turnout to be too high at least we finally recognize this virus is a lot worse than the flu or bad cold. you don't go on a ventilator for one of those people are taking social distancing more seriously. that matters people's behavior is shameless put it all together, and i think we have a ways to go before things can go back to normal we've slowed the spread because social distancing is working go on lockdown, it will come back it's not like civilization is coming to an end we've made some progress here. judging how quickly china has gone back to work, we could be in good shape once this is over. retailers viewed as dead or dying have seen their stocks double off the lows in the last two days cruise lines look like they're getting financing they need to

avoid going ununder. credit markets seem open for neediest of companies. that's huge if not reckless. plus the fed and white house are movingess go i have to put this ailing economy on steroids loans, grants, mind blowingly positive washington has learned its lesson from the last downturn. love him or hate him president trump is pulling out all the stops to keep the economy. especially small and medium size businesses that get left behind and nobody cares about that's terrific. local restaurants and retailers will be left standing when all this is over, not just big national schanz. like i keep telling you, there is no economic solution to a pandemic, that's biological. you can't snap your fingers and make customers come back that's why i don't think there is a v-shape recovery. when the only thing we had to fear was fear itself, this time we have a good reason to be afraid this time the only thing we have to fear is a novel coronavirus with a disturbingly high

mortality rate sure, you can point out that it's not as deadly as lung cancer or car accidents. we go to extraordinary lengths to prevent lung cancer and car accidents. we should do the same for the pandemic people don't want to die in a car accident or covid-19 that's why we wear seat belts and have airbags that's why you wear a mask if you have to go outside here. i don't feel like preaching, but i'm not seeing enough people wearing masks. no matter how much money the government pumps into the economy, we won't won't have a recovery without a treatment for the virus. don't expect to be going to any baseball games yourself unless you want to get on a plane holy smokes and stay in a hotel. or an airbnb if we get the pandemic contained gradually, the economy will bounce back gradually. a u-shape recovery is not that bad. not an l where we level off in a

lower level. or a w where we start the rebound and go right back down and back up. that would be, by the way, the w, i'll talk about that later. that's the worst of all. the bottom line, without a v-shaped recovery, you have to be skeptical of these -- that's why we're telling members of the actionalerts.com club, they have to ring the register despite how painful it is to sell in the beautiful panicked opening if you're a bull. we have a high cash position again. why? because in a u-shape recovery, i'm expecting the stock market will pull back again that is when you can put money to work. let's go to max in texas max. >> caller: yeah, hello here's a booyah from houston, texas. >> why not why not? do andre hopkins go ahead i'm sorry. >> caller: i have a problem stock called ford. i bought a lot of the stuff under 8 bucs a share it went up to 18 bucks

i hung onto it, went up to 12. hung into it, was going to sell it off it started paying a dividend so i hung onto it now it doesn't pay a dividend. now it's under 5 bucks should i bail out of this thing? >> remember 18, january, we did river rouge in 2011. i thought it would go higher what do you do with ford if you own it well, let's see. you've been through this much hell well, welcome to more hell let's go to bill in kansas, please bill >> caller: yes, hello, jim first time long time here in kansas we all love what you do. thank you. >> i love kansas i just love kansas by the way, you have a great aerospace business in kansas people don't realize it. >> caller: absolutely. >> thousands of small businesses that make planes -- plane parts in kansas. i hope every one of those companies gets money from the government because they have to stay in business how can i help >> caller: we are a high-tech

people here. jim, as more and more people have diminished access to skash and you square more off, is square -- >> i like square >> caller: people who can't pay this bill hate this stock. >> jack dorsey, let's give him some credit. he is one of my heroes i like his parents they follow me on twitter. jack doesn't follow me let's go to mike in illinois mike >> caller: professor cramer, thank you for taking my call >> what's shaking? besides talent and education sorry, what? >> caller: i watch you every day from my home office and it got me thinking that i need an upgrade. so my "mad money" hat started thinking about wayfair, ticker symbol w and the stock has recently issued revenue beat guidance and

has had an astronomical couple trading days my question is is it too late to get in, what are the risks, ticker wayfair >> karen cramer, who is a legendary trader, she once said, jim, don't you understand the news already happened. what do you add? what do you know now and the answer is you and i, all we know is it already had a really big move and the news occurred if you want to get involved with wayfair, you have to get involved last wednesday. all right. i am hoping for a u-shape recovery, but a lot of people want to take us to the ball game in phoenix, arizona with no crowds, including minor league places there's an idea for you. who came up with that? you come up with that? yeah, i got a baseball friend from boston. on "mad money" tonight, they're not playing in boston. as "mad money" as delivery centric economy takes center stage, could a company like pro

logis be worth it? i have the c.e.o.. the market was higher in the opening. what was the fear index signalling with many businesses challenged by the surge of employees working from home -- there it is again wfh. one private player is making it so it's a lot better i say you stay with jim 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 miss something head to madmoney.cnbc.com. at&t has connected us every day for over 100 years.

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like i told you last night, i think some of the specialist real estate investment trusts are very enticing here i want to highlight another one i've always liked called prologis it owns warehouses and fulfillment centers all over the world. take i-95. all the major highways amazon sueses them, fedex uses them they're some of the largest customers. they're a crucial e-commerce logistics machine. it tumbles from 99 to 60 and nearly bottomed a week ago why didn't i pound the table even though the lockdown is great foronline shopping, pro logis rents warehouse spaces to traditional retailers. not a great business right now i was a little gun shy plus historically this company has been a little cyclical how does it hold up in

recession. it bottomed in the 2008-2009 recession. yesterday they had a business update it turns out the positive far outweigh the negatives i was too reticent since most of the country went under a lockdown, they seem to have above average lease activity short term leases surging 40% last month retention rate is up they have clients requesting rent deferral and default rates rising, but not that much. it's offset by the massive leasing activity from retailers trying to build out their e-commerce capacity. they have to pay higher rates. that's why the stock surged 9% yesterday. i think it's enticing. don't take it from me. he hasn't been here in a while he's the chairman and c.e.o. of prologis and the dean of this group. to get a better sense of how the company is handseling the lockdown, he called himself an old man in the conference call i did not like that. but you are the best

good to see you again, welcome back to "mad money." >> great to see you as well, jim. >> i have to tell you, you set out in your conference call to distinguish between 2008 and 2009 in this period. i just want you to tell our viewers, because it is remarkable how much better it is for pro logis. you're playing offense right now, aren't you? >> we are. i mean, 2008 pro logis was a very different company it had a very different balance sheet. today it has one of the top two balance sheets in the reit business the market conditions were less favorable going into the downturn you know, availability rates were almost double digit in that downturn today we're at 4.6%. so it's the lowest it's ever been in my career. so we're really a different company entering this cycle in a very different set of conditions >> you're also now a much more global company china, you've been dealing with the impact this is no stranger for you. you guys were ready.

>> yeah, we saw this in early january. going right into the chinese new year -- in fact, we had one of our colleagues who was affected january 8th or something we've been watching this thing for a long time. >> hamid, one of the things you're too humble to admit, but the fact is if someone can't pay or they have to leave, you have below market rents right now it's actually additive to prologis's bottom line if someone leaves, correct? >> it is, jim. you mentioned the issue of rent deferment and things of that nature clearly there are some customers who are having a tough time in this environment, just like everybody is and we'll work with those customers. but it's got to be legitimate. and i must tell you, there are others that may want to take advantage of an environment like this we don't look too favorably to those situations but that's been a minority >> no, you're right. i was speaking to a prominent

retail analyst today they sent letters to every one of these guys saying we can't pay. some people were dumb enough to -- but now you guys, you guys do a credit check. >> we do i mean, we have requirements first of all, we make all the customers aware of the federal assistant programs put in place. we help them along that process. if we need to, we don't have a problem helping the customers that are really deserving. but this is not an opportunistic environment and nobody should behave that way. >> one thing you did point out i was very proud of, you said, look, there's more business -- there's going to be more manufacturing in the united states -- you caveated by saying in north america frankly, if it's in mexico they're not going to give us a hard time because we're great allies talk about that reassuring you think is going to happen >> of course, that is going to be helpful to our business, but at the end of the day, we don't really care much about where stuff is made. we care about where stuff is

confused consumed, sorry. where things are made changes with labor rates and tax policies and tariffs and all kinds of things, which are really unpredictable but people don't move, you know. l.a. is a big consumption center new york is a big consumption center and those are the markets where we have a big presence and we found that by staying close to where the endcustomer is we can have a very profitable business th that's resilient. >> food, medical supplies, electronics. and what goes with it, paper packaging. these are all just incredibly strong during the month of march. >> jim, 2.5% of the global gdp goes to our buildings. >> wow >> so just think about that. 2.5% so pretty much everything goes through our buildings. it's not a lot of luxury there's some of that, but they're necessities. so some aspects of our business,

of course, are going to get affected by this the convention business, the people who supply furniture and all that to conventions, the hospitality business, et cetera, et cetera. the medical business, the grocery business, online e-commerce business, those are all taking more space today than they were a year ago >> it sounds like there is a have and have not. you mentioned the traditional brick and mortar it's almost -- they just can't do it, can they? >> it's tough to sell goods when you're closed and social distancing so, you know, i feel for those guys that's a tough business to be in today. you know, the good ones will come back and do pretty well and this trend from bricks and mortar to e-commerce has been in place for quite sometime i think this situation is accelerating it because a whole generation of customers, older customers like me who may not have been as involved with online purchasing, they're now

learning new habbitts. and i don't think they're going to unlearn those habits as they discover the convenience of using online products and services >> i sure wish i include you i did that piece about real estate investment trust. i focused on companies that don't have the growth path you do more cut throat, you have the best balance sheet congratulations in everything you accomplished >> thank you >> okay. that's hamid, chairman and c.e.o. of prologi circumstancs. they've been through tough times and come out the other side. i regret i did you a disservice when i did the piece about data centers because this is in another part of the reits, but it's a lot stronger in a lot of ways "mad money" is back after the break. that the world needs.

but right now, the world needs all the good that we can do. to all of our employees and everyone working to keep america strong, thank you.

to all of our employees and everyone working - [female vo] restaurants are facing a crisis. and they're counting on your takeout and delivery orders to make it through. grubhub. together we can help save the restaurants we love. how much faith should we put

into yesterday's rebound and this morning's blast off rally, the one peter had this afternoon? in turbulent times, this is as turbulent as it gets, i think it's a good idea to take emotions out of the equation whether we're talking about panic or euphoria, that's why we need to take a more quantitative approach focusing on the technicals as we do on tuesdays tonight we're going off the charts with mark sebastian he's a brilliant technician founder of option pit.com, as well as being my colleague at real money.com, and he's a resident volatility expert the guy i go to to get a clear read of the roller coaster of a market maybe when it will end throughout this pandemic, the cboe and the vixx for short, has been a useful reality check. normally the vixx and stock market move in opposite directions there is a reason it's commonly known as the fear gauge, but when that normal pattern breaks down, it can tell you something very important about where stocks might be headed

let's go right to it first look at these daily charts of the s&p 500 and the volatility index sebastian points out before the market peaked, the s&p in february, the vixx was working its way higher that's a escondido giveaway somethi that's a dead giveaway something was awry this is the s&p and the 500 since march. last week the market was extremely choppy and we finished in the red, okay however, during this period the s&p got hit, the vixx went straight down. remember normal decline the volatility index should go up. for sebastian, the vixx performance confirmed we already reached peak volatility of this move, and, therefore, the fear is subsiding most of the time when the vixx moves in tandem with the s&p, the trend could be about to reverse itself when they're both going down at the same time, sebastian thinks that's usually a great buy signal sure enough, we came in this

week and got an amazing move higher like a mini bull market in one session 1 1/2 sessions what you expect based on this methodology. however, these are not normal times. be cautious after yesterday's monster run and reversal why? the vixx is supposed to go down when the market goes up. if the volatility was down a lot more last week when the s&p was getting hammered, then over the past couple days when the s&p surged more than 8%, oh, oh, last week a bad week for the stock market, the vixx fell from 55 to 46 the fear was way down. yesterday a great day for the stock market it went from 46 to 45. today when the averages were going strong, the vixx never went below 43. that was a sign that the move might prove to be ephemeral, and it was here's the problem for sebastian. it was a good sign when the vixx nose dived with the s&p last week stocks decline might be temporary. at the same time it's worrisome

when the market explodes higher and the vixx does next to nothing. what does this action mean the closest analog for this market is the financial crisis from 2008 and 2009 a lot of people talk about them as the great recession take a look at what happened to the s&p 500 and the volatility index back then. we don't want a lot of similarities that was a terrible time in 2008 we had a longer and deeper sell off than we've had in 2020. it was also a lot slower however, sebastian sees some similarities this was the only other time where the vixx surged above 80 imagine 80, that was something when this happened volatility peaked in mid november months before the market bottomed. when the volatility peaked, the vix moved steadily lower while the s&p 500 made a nice pop. and then spent two months churning sideways. that was like okay there back then thefeared peak, we

processed lehman going under, banks being bailed out we had no idea how long the crisis would be and when it would end. sebastian points out that we're seeing a very similar pattern right now. back then as we gradually realized the extent of the carnage and the s&p moved lower again, this time more slowly without a big spike in the vix we already braced ourselves for more weakness so the winter of 2009 meltdown didn't freak people out the way the fall 2008 meltdown did so you can see the vix kind of didn't react as sebastian says it, we're going through the same thing right now only faster. he thinks we're now in the december to january time frame so if we want to go to december/january time frame, we know we're looking at a pretty decent time, okay. we're going to get up there, start going up but remember, this was down -- i'm sorry, we're headed into i don't want to say this was good this was horrible. this was the fabled bottom that's where the markets no longer scare but get ready to sustain a rally. if the financial crisis is any

guide, sebastian is expecting choppy action the next months. choppy action is not good, okay. choppy action for the next months as we start to see more hard data about the economy, the layoffs, bankruptcies, he thinks we're going to get hit again that's my thesis, people that is exactly my thesis i said at the top of the show this is a big but. if the vix doesn't spike the next time the market rolls over, recommend buying weakness. there is no need to chase stocks after this week's rally. amen you can afford to be patient and buy the dips we saw a lot of dips in this period, too. if you're investing for the long haul, you might get better entry points than today. no need to feel any fomo here. we could be here, right. the vix is steady. at any given time you're going to get a blip up that was a fake out. this was a fake out. get me these were all fake outs i don't want you to buy a fake out. i want you to get right here or at least as close. whatever the bottom line, the charts as

interpreted by mark -- i almost put my fist through that did you know that? because i'm jimmy chill, i didn't do that the old jim cramer would have put his fist right through that and i would have gone and got stitches anyway, the charge is by sebastian, the big fear in the stock market i think has been taken off the table. that's what he says. that doesn't mean we're ready to roar expect a choppy market to give you another leg down as the economic data keeps rolling in i think he's got a point -- think about all the stitches i would have had, would have been for naught, would have been for naught that's why i'm jimmy chill kevin in new jersey. kevin. >> caller: jim, how are you, booyah >> booyah. >> caller: how's it going? >> really? i've got a great team. let's put it that way. it's not time to talk about how lonely i am, is it keep going, let's go what's up? >> caller: so, goldman sachs recently announced the sell of

beyond meat. do you think they're well enough diverse between super markets and restaurants to weather the storm? >> i do, kevin i really think that people who hate the stock do not understand that it's more than just whether it's food service company or sold at the super markets. it's an ethos. i keep trying to tell people it's an ethos. it's going to be around a long time eith ethan brown is terrific. beyond meat is for real and i think people should stop knocking it. if someone says jim just said buy it, that person is someone who did not listen to the capsule, not the whole thing i said it could go down, but i like it. let's go to eli in illinois. eli. >> caller: how's it going, jim >> pretty good how about you? >> caller: good, thank you so, my question is about energy transfer, which i own a small

position in. and it seems to me energy transfer is in good position to outlast the pandemic, but will it maintain the positive free cash flow and what especiallily shocked me was the incredibly high dividend they offer -- >> chief, chief, chief, i said that dividend this morning i didn't trust it. this guy kelsey warren, he'll buy anything that moves. this thing is at the epicenter along with chesapeake of what could happen to the oil group. look, it's too late now. but it's a bad stock there, i said it by the way, the national limited partnerships -- >> the house of pain >> the chart suggests we don't have a total collapse in the economy. that doesn't mean we're ready to just roar in the stock market yet. we're probably somewhere around here there's much more "mad money" ahead. more and more organizations roll out remote working initiatives, many are struggling with slow home networks. i'm eyeing a private company

that can explain why your pc is so slow at home when you're working. then what stands out in this market an appetite for risky debt that's what stands out i'll tell you what's driving all your calls in the rapid edition of the lightning round so stay with cramer. i don't care for smooth jazz. the world premiere is in your home friday. i know that every time that i suit up, there is a chance that that's the last time. 300 miles an hour, thats where i feel normal. i might be crazy but i'm not stupid. having an annuity tells me that i'm protected. during turbulent times, consider protected lifetime income from an annuity as part of your retirement plan. this can help you cover your essential monthly expenses. learn more at protectedincome.org .

we live in a new world when this pandemic ends, and it will, people will go out to restaurants again, they'll go to movies and baseball games, they'll travel, but some things won't go back. i think the quarantine is forever changed the workplace. there are tons of jobs that we now know can be done from home with minimal hassle. working from home or wfh, as everyone is suddenly calling it. we're playing such close

attention to technology companies that make it possible. companies like riverbed. this is a privately held outfit that invented the whole concept of wide area optimization nearly 20 years ago security for networks and applications, basically they ensure all of this remote work software is actually usable. the company also has done a big cloud on boarding business of late riverbed was taken private five years ago and they're still a major player here. i think it's important to understand this industry let's take a closer look with rich mcbee from riverbed to get a sense of whatwork from home future might look like welcome to "mad money. >> thank you for having me on the show today >> okay, rich, so if i didn't use riverbed versus i do, give me the elevator pitch for why i should switch. >> well, you should switch or you should use our technology because it makes working at home easier the applications that you use as a business professional in your home office will work much

faster using our technology. we've taken it basically from the branch office and extended it out to the home, which you get office-type speed for business applications at the home environment today many of the workers that are working from home are having to deal with multiple people on the family network trying to use the same amount of bandwidth at the same time. >> look, one of the things that i've learned is that i don't like it that much and i don't like it that much because it's not fast enough. if i had faster technology, would it make it feel like it's the real space age i've got the blue circle of death the other day. >> well, yeah, you know, this technology that we've deployed, agents out, the laptops, whatever device they're using at home does make it significantly faster up to ten times faster so that's a real significant change for the business applications that they're using at home. we have cad companies that you

can imagine a cad file, how large that is. they're working at home on a add device up loading super large files is critical to their work if you have to wait 30 or 45 minutes to download the file, that is an impediment to productivity what we see is they can download that file at the same speed that they were in the office. and that's an incredible capability >> so you turn my pc into something equivalent of a much larger more powerful pc workstation at my office >> well, kind of what it does is it gives you the same kind of speeds that you would see in an office environment at your home and with -- if you look at a fortuna fortune 500, there are 29 million workers working from their home today if you think about how fast this transaction has happened, you know, lit raerally 30 days ago i was doing a town hall from our office in new york

now i'm doing this broadcast from home. >> that's pretty good quality, i have to tell you key trump coronavirus task force must work remotely after positive covid-19 test even the task force. will they tap into riverbed? >> well, a lot of government agencies will. i can't say who -- what customers are specifically using the capabilities or not. specifically regarding to the government but i can tell you that we've had a tremendous uptick in the number of licenses we even put a program in place for our install base that said, hey, you can use this capability free for 90 days get it out to your homes get up and working in a business continuity environment once you're up in that environment in 90 days, we'll worry about the commerce piece of it. >> i have to tell you that a friend of mine was talking about how already he knew someone who was laid off because frankly they started working at home and they turned out person wasn't

doing much i am wondering whether the companies are going to change forever and really see who is productive and who isn't and in that sense, i want to be on riverbed because otherwise i'm going to go snacking, i'm going to be bored, not focus on my work. they're discovering who is using their stuff and who isn't. so i imagine that in terms of work productivity, i want riverbed versus not. >> well, you know, we actually have a small division called eternity that you can actually help users determine how productivity or how productive they are while they're working and using the apps, determining how fast, you know, applications are rendering, those kind of things if i think about how the work force or work from home has changed, the reality is when we finally get through this, and we will, the fact of the matter is the work force is going to be changed forever. i think that we've always looked at the capability of having a

nomadic worker, at starbucks or anywhere else, as the next iteration of kind of a cloud-based network architect texture. architecture we had been working on accelerated mobility for end users. didn't matter whether they were in a store, in a coffee shop or at home. it happened to be everyone is locked in at home right now. and this capability was really available, the right capability at the right time. >> you came in what, last year >> yeah. >> obviously no one saw covid coming tell us what people like about riverbed were things they didn't really care about before wfh >> well, you know, i think it was not that they didn't care about it, that the environment wasn't right for the next generation of high-speed work at home capability. so our strategy was really, really focused on what we call

the four pillars wan optimization, we'll keep doing that application acceleration, network performance management which gives people visibility into their networks when there's issues and sdwan. those are the four pillars of our strategy for our company the reality is when covid-19 happened, we saw a massive acceleration of our acceleration capability, in our application acceleration, and also in our network performance management where people who are now have a whole bunch of people -- if you think about a network, you think about now we've introduced a whole 'nother set of nodes, which is the home office, and i.t. departments are trying to manage their networks, manage the latency in those networks and determine what's going wrong with the network our visibility solutions have had a triple uptick in the amount of business that we've seen as well as the acceleration, which has been very large >> well, rich, congratulations on transforming and being

definitely the right time and right company. i know a lot of people wish you'll be public because it's what we're looking for, pure plays on this issue. that's rich mcbee, he's the president and coo of riverbed, a private company very much involved with what you might be doing, which is working from home "mad money" is back after the break. (soft music)

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our retirement plan with voya gives us confidence. they help us with achievable steps along the way... ...so we can spend a bit today, knowing we're prepared for tomorrow. wow dad, do you think you overdid it maybe? i don't think so... what do you think, peanut? nope! honey, do you think we overdid it? overdid what? see? we don't think so, son. technically, grandparents can't overdo it. it's impossible. well planned, well invested, well protected. voya. be confident to and through retirement. >> announcer: lightning round is sponsored by td ameritrade >> 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

start with aim mos in pennsylva. amos >> caller: yes, sir, i'm here. >> yo, hit me, amos. >> caller: how are you >> i'm doing good. how are you? >> caller: i'm doing fantastic jim, i wanted to know what your opinion was of ibm and if you consider it a good defensive stock. >> i think it's a good defensive stock. arvin was on yesterday i think it's worthwhile and their cloud strategy only proves sound. rod in illinois. rod. >> caller: hey, jim. >> >> calle yo, rod, what's up? >> caller: i'm looking for value and i'm a bit of a contrarian. no matter who wins in november, if we're going to have an infrastructure plan, should i buy floor engineering -- >> no, that company has had -- it missed the quarter, missed a quarter. you want a quarter misser, i like better than that quarter

misser, i would buy u.s. concrete, down 62st palomi%. anything that's infrastructure is a mistake caterpillar i see ten points down, 15 up. not great, not bad let's go to justin in north carolina justin >> caller: booyah, jim >> booyah, justin. >> caller: i'm justin turner in north carolina i'm 23 years old and i wondered what you thought about cracker barrel >> i like cracker barrel for someone your age it's accidental. i thought it represented great value. during the days when i was not jimmy chill definntively, i used to love the apple pie with the cheese a la mode then again, i was a different person different two people let's go to roger in california roger! >> caller: jim, high, i'm a big fan. what do you think of boy gaming? >> knock >> caller:nothing? when it was 6 --

>> you have my man -- i'm not kidding. as between boyd and penn, you should go with penn. they're both, by the way, better than wynn in las vegas let's go to patrick in pennsylvania patrick. >> caller: go birds, fly eagles fly. >> let's have an opening day, please >> caller: miss it already listen, xl want to know what's going on -- >> the merger broke down look, if you like that group, take a look at boeing. i'm not kidding. boeing is actually a better opportunity. let's go to hector in california hector >> caller: hey, jimmy chill. >> yo. >> caller: appreciate it first off, i want to say thank you for option pit.com and the fibonache improved my trading. >> it's the greatest

>> caller: enphase technology. >> i liken phase i like the solar power business. it's a terrific company. this one was hard for me because it's such a high flower. i'm a huge solar believer and i think this one works let's go to evan in wisconsin. evan did we lose evan that would be a disaster did we lose evan >> caller: hello >> hi. evan >> caller: yes, this is erica, his mom. i'm giving the phone to him. >> can you let's hear from evan did evan give us a stock >> caller: booyah, jim >> hi, evan, what's up >> caller: i've been considering buying shares of david dave and buster for a while >> this is a good object lesson for us [ buzzer ] >> you have to look at the debt and the balance sheet.

you're right if it didn't have debt, i would say buy it they have leases, they have issues people, you have to go drinking and eating they don't like that any more in this country because of the corona thing i'm going to say pass. one more, how about one more, harlan county, harlan in washington >> caller: i'm holding onto -- >> speculative, but i like it. you know i like that skin replacement business i think it's very good we know them and i say i salute you for buying something speculative in this time of covid. and that, ladies and gentlemen, is the conclusion of the lightning round. >> announcer: the lightning round is sponsored by td ameritrade ♪ ♪

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the economy is getting pulverized here. there's one big difference between the corona recession and the great recession. this time companies that need money can actually get it. this time there's no financial crisis, at least not yet, because of the terrific job the administration, congress and fed are doing pumping money into the economy. if you remember during the bad old days a dozen years ago, there was very little money to be had, especially for banks at the time bank executives went on missions to find deep pockets and rich koreans they went hat in hand to sovereign wealth fund. lehman scoured the world before investors said you're done morgan stanley got mufg as a partner, goldman sachs and bank of america were able to attract

warren buffett wachovia, bar wachovia, bear stearns didn't get through to the other side. they've been able to dock, inc. baiting the virus. there is a budding criminal investigation, the ruby princess the ship where 11 people died, 662 people got infected. that's ghastly there are words to describe the state of the cruise industry but i can't say them on basic cable. carnival sold 71.8 million shares and a stake from a saudi wealth fund in the successful fund race. that's amazing they sold about 4 billion in straight debt with 11.5% coupon due 2023 they got almost 2000000007.5%. these are all great for everybody. i hope anyway, it's quite a haul considering they can't do business even genuinely troubled companies can raise capital here good sign for the economy.

i listened to the c.e.o. of slack who says 7 $50 million, .5 convertible loans. they easily raise oodles of cash they were looking for $600 million. some were worried the debt market wouldn't be open. oil is getting relief. i'm wondering if the hotel and restaurant industry might have a shot if carnival can raise money, anybody can. remember i'm not talking about the government's payroll protection spram which helps small business i'm talking about huge cash, raising mountains of cash from the stock and bond markets we heard from prologis they said companies should be smarter this time around they husband their cash for rainy day. they learned their lesson from the last recession plus these days we have huge tech companies like facebook, amazon, apple, netflix, alphabet, mounds of cashes as a matter of course they can do whatever they want with their money other than go

on a shopping spree because the government cares about anti-trust enforcement during the financial crisis the fdic were arranging shotgun marriages between distressed banks than go under. we're at the beginning of a process. when other cruise lines come to market, the money may not be there. maybe they can hold out until people flgt how dangerous cruises are in a pandemic. maybe they'll generate huge returns. maybe the slack deal was the best way for hedge funds to get tiny yield with a possibility of up side. i think it's incredible there is still an appetite for risky debt here that can make a huge difference for ultimate economic comeback assuming the markets don't freeze up again. stick with cramer. you should be mad your neighbor always wants to hang out. and you should be mad your smart fridge is unnecessarily complicated. make ice. making ice. but you're not mad because you have e*trade which isn't complicated. their tools make trading quicker and simpler

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to everyone working to keep america strong, thank you. look, i know we all want to get back to work we want to get baseball season back we want everything to return to the way that it was. we are grateful for the old days, but let's remember this. we have to beat the disease. we have to eradicate it, okay. and, yes, i still think we should be paying people to stay home so people don't get sick. and i really think that we don't want to get ahead of ourselves, which is why this last two-day rally was a relief rally for an otherwise very difficult time that we will get through together take me out to the ball game, not yet. like to say i always like to say there's a bull market somewhere and i promise to find it for you here on "mad money.