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tv   Mad Money  CNBC  April 8, 2020 6:00pm-7:00pm EDT

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guy adami, i do want to bring you back in here do you think it will be a long, slow return, l shape, u shape, v shape? >> i think it will be long and slow, but we'll get through it and bill gates is one of the voices you need to listen to 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 context. call me 1-800-743-cnbc tweet me @jimcramer. so america is going to be open for business. the cautious dr. anthony fauci, the chief, he's taking back the
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original projection of 100,000, 200,000 deaths it looks like our mitigation efforts like social distancing might be working the turn around in less than a week is sudden, especially when the death toll keeps surge being, said we're making progress against the pandemic. s&p gained 3.4%. nasdaq climbed 2.8%. people are betting on some return of normalcy perhaps as as soon as next month maybe that's when america could be open for business i have been a whole time big believer in dr. fauci. i've been a believer since he turned hiv from a death sentence to a manageable lifelong condition, something that seemed inconceivable in the '80s. it's hard to see fauci be more optimistic about the battle against covid-19 let's be clear he didn't say we could stop doing social distancing. he serm certainly didn't say wel
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go start having parties. he said, quote, now is not the time to pull back, it's the time to intensify that's the caveat. we should be proud of what we're doing and mitigate and keep the pressure on this dreaded disease which is too lethal versus anything this easy to catch since the spanish flu in 1980, some say even worse than that. that's why when we do open for business the new normal won't be like the new normal. it matters for your life and your portfolio, particularly today when a lot of companies went up that maybe they shouldn't have by the way, light is -- fauci is right to be optimistic. what does the new normal look like the retailers that do well when we open for business will be stores that have been taking share this whole time. walmart, costco and target these companies have mastered the art of e-commerce and they're ready for customers no matter what. they have good hygiene policies and great call aheads. if anything their pick-ups are better than they were before the
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pandemic costco reported march sales tonight. they were spectacular. the stock was down as people bought lesser quality retailers. this happens repeatedly. my take, what a chance to buy the best of breed. we always want to buy the best of breed i'm betting most of the department stores will choose this moment to permanently close their worst locations. what does that mean? more market share for outfits like these but it also means amazon will be more powerful than ever. maybe when we're really open for business i'm going to stop letting those corrugated boxes aerate on the porch a couple days before i spray them with lie so and s lysol and see what amazon sent me less stuff from amazon and more from super markets and drugstores i put walgreens online i always buy the same stuff anyway the new normal is like a dollar shave or harry's for everything.
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dr. fauci doesn't want to encourage people to go outside, he wants you to stay inside, and keep social distancing people in italy started lowering their guard and now they're seeing an uptick in new cases again. i doubt we'll go back to shopping like we used to everybody is going to be on edge unless workers and shoppers wear face masks i think everyone should have their temperature taken first thing when they go to work osha, step up and do your job. that's going to be the new normal anything else is irresponsible to make this more convenient, you know what we need to do? we need to have wearable devices like this one, the apple watch, take our temperature i know they can't do it yet, but there are a lot of good scientists there if they can do diabetes readings with dexcom, they can measure body temperature this would be the killer app they have 317 million american customers tomorrow if this could measure our temperature. check into work, store,
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airplane, wave your watch on an apple meter. out of here. i think wearable would be more convenient i also think so can phones when stores open up again, i expect long lines snaking all over the place and people standing 6 feet apart. it's bad enough when i go to tjx downtown and wait behind 20 people to buy my jockey briefs lot of input from. snake back to the luggage section, maybe women's lingerie, no way amazon they're more dpps i haex. this is where the smart phone can help capture the bar code and go like this, boom boom, boom and then what happens is you pay. you go home. and that's it. right? you don't have to wait for the register 6 feet deep what the heck is that about? i mention tjx because they get their merchandise from distressed department stores by the way, matthew boss tells
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me aly's is going to have great stuff. tjx stock got crushed. so did aldi. i tell action alert.com all i can. i didn't expect fauci to be as positive as he was it's a different tone. you want to take a real fly on america going back to normal let me give you one so hated right now, walt disney company to me disney has 98.6 degrees will travel. they caught a downgrade that spelled all the damage pandemic's done. no sports, no nothing, no mickey for all i know it will be fresh because things get better i bet disney is making a fortune while everyone is on lockdown. i love the program it's a brilliant program even with that a sis fanssistant
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of operators won't be able to make it. that means good news for chains like wing stop, they're doing well darden saw an upgrade, olive garden longhorn steaks all over the place. another one everybody hates, even some guy downgraded it loved it forever, he is testee r don't need it when you're working from home, right estee lauder is huge in china and china is coming back in a big way. ulta beauty will be selling tons of merchandise chains are in bad shape. they spent years diversifying away from the outfits. believe me, seves are going to be more in fashion instagram, more stories than i've ever seen not that they're making a lot of monday i.estee lauder is i know dr. fauci is not
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anythingaling an all-clear social distancing is working, keep the pressure on he sounded more positive about the death toll maybe we ought to ochefu for business sooner. remember, even when the lockdown ends, you have to prepare for new world that looks very different from the old one and a lot more investable for the big guys and not for the little guys. brandon in minnesota brandon. >> caller: hey >> hey >> caller: thanks for all you do appreciate it in the great north. >> all right >> caller: i have about 120 k in liquid capital how fast or slow should i start buying into this economy and how diverse do i need to be and what sectors? >> you have to be incredibly diversified. it's incredibly important. i do it for my charitable trust. if you want to own restaurants or retail, you have to own the biggest of this, and the biggest of that. you can't just be small and selective. you have to own big in each category because we need big
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balance sheets big balance sheets and diversification will get us to the next level p.j. from new jersey p.j. >> caller: jimmy chill, thanks for having me. >> quite welcome what's up? >> caller: i've been an avid fan and watcher of "mad money. i'm in my early 30s looking for a good long term investment opportunity, willing to take a bit of a more aggressive strategy to drive high r.o.i best buy has been suspiciously quiet in the last month and a half amidst covid. it's up 30% from the highs, down 20% from the lows. >> i've been saying you have to own the big guys and not the little guys. best buy is the big guy in the category in the end that category has gotten too tough electronics business is too tough. i think it's a no. let me point out again on the disney tonight we found out disney paid subscribers doing much better than expected. i think a lot of guys have been
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downgraded disney. they're going to have to eat crow all right. maybe some crow with some matza $passover, happy passover. when the economy does reopen, portfolios need to be adjusted for a changed world. we will inevitably face. on "mad money" tonight we've seen so many coming to the aid of the front lines and it's actually quite chillingly positive i'm talking to c.e.o. salesforce mark benioff about how he's helping. you won't want to miss that. that is the covid-19 pandemic. could a company like perigo -- hear about demand and how is the coronavirus impacting the roll out of new medicines i'm going to be talking to biohaven c.e.o. to find out about his launch of is new migraine medicine. so stay with cramer. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer #madtweets.
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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.
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business is the most powerful source for social change in america. as the pandemic rolls on, more and more executives are making it a force for good. leading the way none other than mark benioff, founder and c.e.o. of salesforce. he's put his resources to work
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fighting for covid-19. which is how he shipped a 747 full of personal equipment from china this weekend trying to contain the scourge, national lockdown, testing for all including anybody testing. have a project to find a vaccine. he's pledged to give his hourly employees 90 days of pay whether or not they're actually working. and he's calling on other executives to make the same promise. i urge executives out there watching to take the pledge. so let's dig deep with mark benioff himself to hear about what he and salesforce are doing to combat covid and figure out what our country needs to do to get back on track. mr. benioff, welcome back to "mad money." >> thanks for having me, jim hello from san francisco >> all right so, mark, how do you get a 747 full of ppe from china to here >> well, jim, before i start, first of all let me just express, you know, my thoughts to everyone who is going through
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such suffering right now in the world with this terrible virus this has been an unbelievable time, like nothing i've ever been through and my heart is with everyone who is sick right now or has had a loved one pass away. and for us, this story began quite a few weeks ago when we saw our employees from different asian countries start to go through this and then it started to head towards us here in the united states i got a call from sam haaga, the chairman of ucsf in san francisco, saying he saw an extremely fast run on his ppe, personal protective equipment in the hospital already it turned out a lot of people were coming to the emergency room to get checked if they have the virus or not, and he asked if i could try to figure out a way to get more ppe just here in the city well, that turned into a relationship that we had with alibaba and their c.e.o. daniel zang who helped work with us so
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closely. we've brought now more than 50 million pieces of ppe throughout the entire world and we're working to bring more ppe in even this week. look, this is a moment where business has to be the greatest platform for change because you have incredible resources with enterprises that have relationships like we do with alibaba where we can use that help to alleviate the suffering of those who have been hurt so badly. >> you're right. i should have started by saying -- i'm not taking it for granted, but it is wrecking families' lives all over the globe. it's also financially been an incredible difficult cost to bear for employees you have challenged people not to layoff people like they used to when things get tough, but to keep them on talk about the pledge. >> well, jim, i think we realize we're dealing with not only a very significant biological challenge, but we're also dealing with a very serious economic challenge and we can see that with
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projections of unemployment between 20 and 30% as this is over the way we look at this here at sails force, jim, there are three phases to this first the phase we're in now, the crisis phase which started several weeks ago, and probably will go until about june 1st when we're dealing with this crisis through, you know, aggressive social distancing which is why i'm talking to you right here from my home even though it looks like i'm at the salesforce floor then we move into a recovery phase. that will be about 18 months until about january '22. when we start to head towards that recovery phase, we're going to need everyone employed that we possibly can, and that's why i've asked and i've challenged c.e.o.s all over the world to take the 90-day pledge don't make these layoff decisions yet. wait until we get into the recovery phase so we can see what the economic possibilities are. and i'm so gratified that so many c.e.o.s have taken that
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90-day pledge to hold off on their layoffs. it's a 90-day layoff pledge. >> i'm glad you talked about 2022 the market is excited. dr. fauci we both respect is saying some of these mitigation efforts are working. you and i know it's no secret. we talk a lot. i think we both feel this virus is a lil bit different from what people think in terms of the ease with which we're going to eradicate it it's actually the opposite, isn't it >> well, the best thing that we can do right now is stay home. >> right >> by having social distancing, we don't give it the ability to infect everyone. and so that's the way that we're holding it back. but, of course, if we all rushed out of our homes right now, it's not defeated it's still out there until we have immunization, we're going to be subject to this type of virus so we're going to have to figure out a way to operate the economy and operate the world with the virus until we see some of these incredible scientists come through with the immunization
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that we need to defeat covid-19. >> how bad do you think the recession is going to be >> well, jim, i'm not an economist. you know, i don't even understand the stock market. i have to leave those things to you. >> okay. >> what i can tell you is that when we look at the significant unemployment that's projected, we have to see that there is going to be a very significant impact as well on the economy itself what that means i'm not sure whether it's a recession or whether it's a depression, no matter what, i think that we have to, you know, plan for all possible outcomes. today we posted, you know, different scenarios, what could be coming in regards to the economy, what could be coming in regards to biological crisis we are fortunate to have tremendous planning inside salesforce and we're able to project that out i put it on my twitter feed. we posted jointly with deloitte. there's a lot of different
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possibilities. the future is not set. so it's really still very much in all of our hands. >> when i think about possibilities, i think go data when i think about data i think about tableau. i wish people understood how hard it is to keep great management teams when they buy tableau has been good for you, hasn't it? >> we've been fortunate, jim to have a fantastic relationship with tableau which is an amazing acquisition last year. you can see the power of tableau. if you're paying attention to what's happening in new york, you'll see the dashboard from the governor's office. the speed is projecting what's happening here that's also tableau. if you go to king county in the state of washington, that's also tableau. it's instant scaleable reliable analytics and if you go to tableau.com, you can see the covid-19 hub that we've built
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that has all of these dashboards as well as a whole workshop that gives you the ability to do your own model and understand what's really going on in the world and i highly recommend everyone to look at that incredible site. >> let's talk about the national lockdown california's numbers are quite different from where we are in new york in new york, a lot of people take the subway, lot of people play basketball. lot of people going out the last minute we were keeping our restaurants open we were told -- listen, you have to be new yorkers, we're tough this disease is tougher than humans, isn't it the national lockdown is the way to go. >> jim, i think we've been fortunate in san francisco, we only have 600 cases. the leaders in our local medical community got everybody excited very fast. our mayors, our county officials and our public health officials here all made decisions very early to lockdown not only san francisco, but all of the bay area counties.
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and that is why we have not seen this kind of horrible suffering we're seeing in other parts of the world. and i really want to thank those incredible physicians who really made such aggressive important statements a lot of that came out of their work in the aids crisis because we have such incredible -- >> right >> -- not just disease specialists here in san francisco. they have the insights they knew what was coming. and that's also why they got us hustling on the personal protective equipment as well i think there's a lot of lessons from what's happening here in san francisco. but i'd also say there's a lot of lessons from what's happening in other countries that have not been so severely impacted, and one is taiwan. the journal of the american medical association posted an incredible article on their website on how taiwan has had such great success defeating the virus. i think that's something all of us can learn from and, you know, in the united states here, this is really our very first pandemic i think when we come out of this, we'll come out of this as
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a stronger country we'll realize the things that we need to do to defeat this enemy. >> one last thing about salesforce a bunch of my friends' kids, bad jobs coming out of college they found out they didn't, they found out there are no jobs, they've been fired, lot of people, good people, two, three years in, they've been fired if they're smart, can they get a job at salesforce? >> well, jim, i can tell you we're still hiring and also i can tell you many aspects of our eco system are still hiring you can see salesforce care, our package, to help all those affected with covid-19 we've already done 4,000 emergency deployments of our technology in the last three weeks. these are instatant call center, marketing organizations, to help get the word out on covid-19 we have been hustling to make sure our platform which is incredibly scaleable, reliable to build these applications to deploy in these emergencies was available to everybody
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we've done all that for free and i'll tell you that those people were all trained on trail head.com >> right >> trail head.com is where you go to reskill to get the skills necessary so that you can be competitive in this salesforce economy, which is going to continue to grow so i've said it many times on your show before, but i think more important than ever, if you want to have the skills to be successful in the future, look at trail head.com. get re-skilled and get ready that will be important whether you're applying to salesforce for a job or to one of our customers, you know, who is deploying new technology and new capabilities as well you know, jim, one other thing i wanted to say, this is certainly a holy week. i want to wish everyone a happy passover as well as a happy easter as well i'll tell you one thing about this virus and what it's taught me it's taught us that we are really one humanity. it doesn't discriminate. everyone isimpacted. and we sometimes forget that we're all one. and i think it's a tremendous
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spiritual message for us to remember especially this week that if through all of the illusions of our borders and illusions of our separation between us as human beings, we're all one. this is a tremendous moment for us to come together as one humanity to serve everybody, and also to express our -- express my love to all those who are going through this horrible time >> yes, we have to hope for the best holiday for everyone and a good passover and seder to you and your family, mark. good to see you. >> thank you so much, jim. my best to you and your family as well. let us see all the good things that can come out of it. >> thank you for everything you do thank you for everything you do. thank you. that's mark benioff, chairman and c.e.o. of salesforce "mad money" is back.
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when you look at the critical issues facing our world, what do you see? we see breakthrough medicines getting to patients in record time. we see harnessing natural gas unleashing the promise of clean energy. we see engineers simulating the future to improve today. at emerson, when issues become inspiration, focusing core strengths to create a better world isn't just a result, it's a responsibility. emerson. consider it solved. could another come aroundot, the corner. or could it play out differently? i wanted to help protect myself.
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my doctor recommended eliquis. eliquis is proven to treat and help prevent another dvt or pe blood clot. almost 98% of patients on eliquis didn't experience another. and eliquis has significantly less major bleeding than the standard treatment. eliquis is fda-approved and has both. don't stop eliquis unless your doctor tells you to. eliquis can cause serious and in rare cases fatal bleeding. don't take eliquis if you have an artificial heart valve or abnormal bleeding. if you had a spinal injection while on eliquis call your doctor right away if you have tingling numbness or muscle weakness. while taking eliquis, you may bruise more easily. and it may take longer than usual for bleeding to stop. seek immediate medical care for sudden signs of bleeding like unusual bruising. eliquis may increase your bleeding risk if you take certain medicines. tell your doctor about all planed medical or dental procedures. what's around the corner could be your moment. ask your doctor about eliquis.
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you know what worked the last time we had a recession private label. the knock-off store brands that consumers embrace when they're feeling the pinch. well, will that happen again this time? consider the case of perigro, pro, that makes over the counter drugs as well as prescription drugs. the generic base has been a waste land, total house of pain. the pandemic may be giving perrigo a huge boost over the counter drugs, private label becomes more attractive when millions of people lose their jobs sure enough last night perrigo pre-announced first quarter sales. amazed, double digit when you back out fluctuations the company's over the counter division was up 20% worldwide. ma'am cited, and i quote, a dramatic surge related to the covid pandemic it was darn chip
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11 times next year's earnings estimates. could this be perrigo's time to shine? the president and c.e.o. had a better sense of these numbers and where the company is headed. welcome to "mad money. good to see you, sir >> thanks, jim >> this was an astounding month you had. but you did not raise your full-year numbers. that makes me think you're very bullish on perhaps ending or eradicating covid-19 or you're just being cautious because i think this thing is unfortunately going to be with us for a long time >> yeah, listen, if you understand perrigo, we had a lot of momentum coming out of last year i'm a bit conservative by nature and this isn't a reflection of the business the way i'm looking at the forecast for the year i think the demand will remain strong just as you pointed out, private label always does well in a recession. we're more than a surge in
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march, but the surge in march was, you know -- keep in mind, we make over half of the united states acetaminophen, tylenol equivalent in terms of volume. that's in demand right now but, you know, there is uncertainty around the ability to keep employees working and plants and my first priority is to keep our heroic employees safe. >> now, you did have voltaire which is a drug i use. in the old days i used to look at perrigo, what did they get approved for the recession which we admit is on the horizon here. i shouldn't just care you got an important drug like voltaire to be a perrigo drug. >> you shouldn't i'm from a pure consumer world where i came from. i worked at clorox and campbell soup company my whole career this has huge opportunity to
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grow this organization we got ourselves up to where we exited last year, growing 13, 14%. and we did that by redefining and transforming ourselves to a sales care company not only do i think the opportunity is tremendous for the company in terms of the recessionary period, but all trends are heading towards sales care i don't think in a new normal everyone is going to be rushing to hospitals or doctors. they're going to try to treat themselves first with a line of consumer products that we have and the over counter products we have i think the company is perfectly positioned, to be frank. >> sir, can you tell me with wuhan open, they have 48 pill factories there. does that impact the industry? we know that a lot of people in congress are worried that pills are made elsewhere and that we should have control of them. perhaps like we used to make a lot of them in puerto rico i lived in fort washington, pennsylvania, where they -- where mcneil labs was. are we going to start bringing
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pill-making home >> well, for perrigo, we're probably a little different than most we already make our pills at home we have 24 manufacturing facilities in the united states. we make the majority of our -- we sell 75% of the company's total volume in the united states and we make most of that in the united states right now so less of an issue for perrigo. that's what helped keep our businesses running through this crisis >> how many employees are able to go to your plants, then, and do you take their temperature and make them wear masks at the facilities >> we are so strict right now. if you looked at our parking lots, there are medical stations we take temperatures we have questionnaires only essential employees can get into our manufacturing facilities right now that's to say if i went to our manufacturing facility, i would not get in >> do you think that we're tough enough because it sounds like perrigo is the way it should be. i think this thing is not only
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not under control, it's the most dangerous thing that may have ever occurred in our country because it's so easy to catch. maybe easier than the spanish flu if we're not careful >> i think the world is going to be a lot different i think we'll get through this and we have great scientists and medical resources. they'll figure out how to get to the vaccinations and the therapeutics i think you're going to see people behave a lot differently. i think you'll see a lot more masks being worn especially on airplanes. i think you'll see a lot more virtual meetings and i think you'll see a whole lot more self-care, which is what we've transformed the company to be. >> let me get back to when i asked the question about where the stuff is made. i know where perrigo -- i happen to be friends with the old pe ar rrigo team i think it's going to be possible do you think the other guys will be able to have low priegss to compare with you you're already cheaper than everybody.
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i always figure if it's perrigo, it's as good >> well, listen, the fda makes sure it's just as good all the equivalent products we make go through the same clinical trials and have to be exact. so -- and we sell for 30 to 40% less and you're with a lot of the name brands right now, not available on the market. lots of consumers are getting to see that for themselves. but there's already a trend. we're growing all the time, but our brands, whether it comes to acetaminophen or ibuprofen or one of the other 14,000 products we make, almost always on units outsell the national brands. people have figured it out and they'll continue to. >> murry, perrigo lost its way when we started the show i recommended it heavily i knew the company really well then it got caught up in a take-over that didn't workout.
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management left. i actually was friendly with old management, but then new management came in they turned down a take overbid. candidly i gave up on perrigo. that's why i wanted you to come on the show. how do i know the old perrigo is back, a company that you buy in an economic slow down? >> jim, that's why i was brought in i mean, i'm not going to talk to the past of the issues you just raised i was brought in because my background and experience is all about focus. that's what i do and i talk to every one of our employees. and when i speak to them, i talk about recapturing the perrigo advantage. that's how we talked about it inside the company we're all about going back to consumer self-care and the issues i talked about, which is what started 133 years ago with luther perrigo and with the help of 11,000 incredible employees, especially the ones who are
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right now coming to work and keeping our product lines going. i think you'll see great things from perrigo to come >> thank you for your donation of cash and in kind for the american red cross which i know is very desperately in need of blood, everybody if you can give blood. and also to meals on wheels. great to meet you, sir thank you so much for coming on "mad money." >> thanks for having me. >> that's the president and c.e.o. of perrigo. if perrigo is back, it will be a monster stock made in america, good to go "mad money" is back after the break.
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in this crazy volatile market, i'm on the hunt for stocks that haven't really participated in the big bounce the last few weeks
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take biohaven pharmaceuticals. it launched a brand-new migraine drug nor tech odt. as the chief spokesperson for the american migraine foundation, i can tell you this could be a game changer. it's the first pill you can take for acute migraine, meaning it works after the horribly -- horrible headache has already started. i should say that it's also a big rival to an allergan drug. it's down 38% year to date why? in part this may be a bad time to launch a new drug nobody wants to go to a doctor unless they have to. we got clinical trial data on using the drug to prevent migraine, different. results were solid, but they weren't blow-out even so i think the pull back is kind of absurd don't take it from me. let's check in with the c.e.o. of biopharmaceuticals. learn more about the new drug. welcome to "mad money. >> hey, jim, how are you first of all, thank you so much for having me back on the show
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really appreciate that and we've accomplished so much since the last time we spoke nirtech oda was approved by the fda. we're in pharmacies. we have positive prevention data so exciting times at biohaven. >> i, of course, was trying to rush you i can't. some key opinion leaders, it was dleer clear it would work. this morning i woke up with a migraine, horrendous migraine. i took it, an hour later i felt great. that's kind of what happens. i'm ecumenical i have used the other one that is by allergan i tell people who revolutionary it is for something that 40 million people suffer. >> first, i'm happy to hear you responded and now you've experienced what i've been hearing from patients the last couple years in our trials this is a game changer for
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patients this is the only targeting agent in this orally disintegrating quick dissolve what that gets you is fast action where we see patients back to normal within one hour, and then have that effect lasting all the way for two days and that's different from the other agents that are out there. and on top of that, our prevention data offers the promise that it would also prevent the next episode of migraine from occurring. >> do your doctors know that there's a gap between -- i also take aimovig, which is a monthly injection, but it doesn't last all month. do the doctors who know biohaven know there is a gap of about seven days -- unfortunately, we do not have an fda that seems to recognize there is a period where it loses effectiveness, where the shot loses effectiveness and the only gap that can work is biohaven. i mean, because you can't get
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through a full month with the injection. >> that's a great point, jim that's why we have to listen to patients with migraines and what they report about their treatment. the pharma kinetics, what the publication showed the three levels of cjrp creep back up as you get close to your next need for an injection and what you're describing is a breakthrough migraine even on an antibody, and that's where you need a good acute treatment. and i believe because you talked about responding to nirtec odt, that's what happened we target the same mechanism, very quickly get you back to normal functioning that's very exciting >> i'm an unusual patient. i was getting 28 migraines a month, which i know is unusual but i feared, i feared getting near the end of the shot's
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efficacy until you guys came out. now, the stock has been hidden in part because not a lot of people want to go to the doctor now. how about telemedicine how about that way to get the word out >> that is an important way. i want to thank you for sharing your personal experience because you have been an amazing spokesperson for american migraine foundation. >> thank you >> thanks to your advocacy, that's why we're pushing for better treatment thank you for sharing with us. i really appreciate that so, with regards to migraine treatments, we think that this is really going to just change the way that patients respond to their current cjrp agents. we're excited about using telemedicine during this time of social distancing to get people nirtec odt so we just announced a collaboration with cove, it's a leading telemedicine health company. you now can go to nirtec.com, click on a code, have the doctor
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interview you online and have it delivered overnight. that's really important as we are dealing with the challenges of covid-19. >> and how about insurance so people know? the listed price is daunting but what's covered >> what's important is we price this in line with other branded agents even though i believe we offer and deliver better value than other agents and what we're doing during this time is offering a zero-dollar copay so patients can get access to this medication without having the economic burden of a copay. we're going to extend that to the end of thisser . we have a patient assistance program where if somebody can't afford it, they can get access it is important not just to have the accessibility, it has to be affordable >> totally agree, 40 million sufferers of migraine. dr. vlad, c.e.o. of biohaven pharmaceuticals. thank you for what you've done to help us our lives have changed dramatically because of biohaven pharmaceuticals. great to see you, sir. >> thank you, jim. >> "mad money" is back after the
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break. we cannot do all the good that the world needs. but right now, the world needs all the good that we can do. to everyone working to keep america strong, thank you. it's a voice on the other end of the phone. a note to say you're on our mind. a willingness to come to you. the world and how we interact with each other is changing. but that will never change who we are at lexus.
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>> announcer: the 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, time for the lightning round. start with theo in california. theo >> caller: a big booyah from socal and my dad in nigerian he introduced me to the show when i was 17. >> we start them early let's go to work >> caller: yes
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uber versus lyft both are trading at -- >> i like uber more than lyft. uber is down i wish they could get out is instead of dumbing down on food. let's go to mark in florida, mark >> caller: a stuttering ba-ba-ba booyah for you why arlington, virginia i enjoy managing my own money. in uncertain times like these people might turn to a financial advisor. >> yes, they might >> caller: at what price to buy from healthy l financial >> i like that company more and more people want to do a little bit of work and have a professional that's a great place to go let's go to andrew in arizona. andrew >> caller: hey, jim. thanks for taking my call. my question is yelp. they have no debt with 200 million in the bank. i think they've got a huge opportunity to help restaurants, retail, home services bring in
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massive return to the consumer >> stocks are reflecting restaurants are never going to come back. i think that's a mistake they should come on the show and talk about what's going to happen when they do open up. i think it's worth more than $1.5 billion let's go to joseph in new york joseph >> caller: hi, jim, how are you? >> i'm good, how are you >> caller: pretty good your thoughts about brinker international in this volatile market >> yeah, you know, look, i have to tell you, the restaurant bitzness is going to be very tough. they will survive, but i do prefer darden. i think it has more optionality. let's go to jim. jim! >> caller: i used to work there years ago. >> i wish there were more restaurants open i made a big donation. everyone from summit, please go to the site to donate, please. go ahead, what's up? >> caller: okay. i wonder what the gods would say, my stock is virtex.
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>> it's probably the best-acting stock in this market why is that? it is because they actually have a cystic fibrosis drug that is the holy grail i bless buying it. i've done a couple pieces about the stock. i kept hoping it would come down during this period so i could push it again. it hasn't. it's a really good company tom in florida t tom. >> caller: booyah, jim how are you doing? >> very good, how are you? hanging in >> caller: infrastructure play, concrete >> i don't think there is going to be anything infrastructure. we have to keep talking to the professionals in washington about it my feeling is this if you want to do infrastructure, do caterpillar because china is coming back and i think caterpillar is going to get a lot of orders from china. let's go to bob in vermont bob. >> caller: hi, jim >> bob >> caller: i have a position in bristol myers. >> bristol myers was down today.
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oh, finally rallied. what the heck? bristol myers should be at $65, $70. this is nuts it's at $58 doctor, come back on you're getting a lot of good approvals. this is your time. and big buy-back, too. it does well in an environment where the economy is slowing one more, let's go to chris in illinois. chris. >> caller: jimmy chill, howare you doing, babe? >> i'm chilling. how about you? >> caller: doing well. i was listening to the day trade the other day talk about nordic american tanker. >> you have to be careful. we're seeing oil coming down some of the rates are coming down a little bit. stock was at 4 hold it now. 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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like rock, reggaeton, alland techno.. get ready for the drop. wait for it. -come on man hit me! wait. just do it already! ♪ one more time yeah. the world premiere is in your home friday. hopefully america will be able to get back to business sooner than we thought you know who is really doing well the prc, china in wuhan last night, the place where the coronavirus outbreak started, it's a whole new ball game for the second largest economy in the world we're already seeing some instant winners. first and foremost, i like u.p.s. and fedex both of which are getting tons of extra business now that amazon is shutting down its home grown third delivery business. they lost money.
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the stocks are roaring, but they're not up enough. i'm excited about u.p.s., the genius c.e.o. that turned home depot into the best big box. you have to think bigger than that second, everyone has been taking shots at apple me, i'm sal vindicatiivating ov phone. with china coming back and apple'sservice revenue stream getting a big boost from a locked down america, the stock is darn attractive to me i think their telco chips will be second. you know i'm a gigantic fan of invideo. invideo is a big call. that's the dog they have a ton of chinese business who knows, maybe the chinese government will finally bust their acquisition, please,
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something that will make the stock spike. amd would be terrific, too gaming is hot, hot, hot. now let's get more aggressive. i watched caterpillar stock move up including today the big infrastructure bill to combat skyrocketing unemployment nonsense the communist party has been an economic stimulus. they need cat machines i think the stock is still a winner on any chinese resurgence oil stock trading up on saudi investment good chance to lighten up there. number 6, there are many reasons to own nike. but the china story is what i'm most excited about when you get out of lockdown you want to splurge like with a pair of nikes i was on the fence with the olympics postponed china is the second story in the olympics there are plenty of stocks that can benefit from china emerson is a great china play. it has too much oil exposure 3m has operational issues. i'm not crazy about th groundwater pollution problem. ibm has a steady business.
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i don't know if it will move the needle they have a lot of domestic food service exposure and real operational issues costco's stock is down tonight as the company is doing these mitigation efforts, slowed sales during the last month. that's the right thing to do china, keep your distance. in the meantime costco has started to go into china i think it will be an important story in the years to come, not months, but years. keem an e keep an eye on it. with the opening of wuhan you have a real turn in china. i think it is absolutely worth participating in pick your best, china's back stick with cramer. ourself heading in a new direction. but when you're with fidelity, a partner who makes sure every step is clear, there's nothing to stop you from moving forward. you're clearly someonere who takes care of yourself. so when it comes to screening for colon cancer, don't wait. because when caught early, it's more treatable. i'm cologuard. i'm noninvasive and detect altered dna in your stool
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to find 92% of colon cancers... ...even in early stages. tell me more. it's for people 45 plus at average risk for colon cancer, not high risk. false positive and negative results may occur. ask your prescriber if cologuard is right for you. i'm on it. that's a step in the right direction. there are times when our need to connect really matters. to keep customers and employees in the know. to keep business moving. comcast business is prepared for times like these. powered by the nation's largest gig-speed network. to help give you the speed, reliability, and security you need. tools to manage your business from any device, anywhere. and a team of experts - here for you 24/7. we've always believed in the power of working together. that's why, when every connection counts... you can count on us.
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they downgraded disney last night. the only thing they didn't say, long way of making mickey is dead it was incredible. we discovered people are sitting home what are they doing? watching disney plus what happens when the nba comes back what happens when football comes back what happens when we start going back to the movies again what happens when we go to the theme parks? what happens when shanghai disney opens up? whac what happens when the greatest iconic company gets its game back because the disease lets it you think you're only going to pay $109 or $89 like last week no, it goes higher some iconic brands will do well. 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 i'll see you tomorrow. "markets in turmoil" is up next.
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with my friend scott wapner. starts right now 7:00 eastern good evening i'm scott wapner on day 101 of the coronavirus crisis the dow surges almost 800 points, as new york's governor says the nation's hot spot is flattening the curve >> a nice rally on wall street the major averages are up. >> stocks soar the dow ending the day up almost 800 points >> people are optimistic in terms of the market. i don't think they're factoring in what we'll see on the other side >> successful investor mark cuban says despite the run there's a lot to

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