>> we wrap up every week with it and according to insider.com kohl's, children's place, apache, saic and carnival. their exec tifrs coming in big, in fact, carnival, a board member bought 10 million 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. this morning fed chairman jerome powell decided to pull out all the stops. >> sell, sell, sell.

>> $2.3 trillion gauntlet against the economic catastrophe caused by the pandemic it was remarkable move coming within seconds of the devastating news that 6.6 million more people filed for unemployment insurance last week the averages were actually able to rally including the down and out stocks dow gaining 286 points s&p climbing 1.54% nasdaq advancing 7.7%. without powell's extraordinary -- i was blown away -- extraordinary announcement, the hideous jobless claims would have pancaked the stock market. we've gone from the strongest labor market in a half century to one of the weakest in no time flat it didn't matter to wall street because the fed is buying all kinds of distressed debt you don't see -- i keep saying it's so important. buying municipals. some of those are hurting. buy high yield corporate bonds that's fabulous news because those were two big pressure points in this rapidly deteriorating economy.

what a difference from the old days between the $2.2 trillion rescue package from congress and more on the way, it's clear to me the policy makers are thinking big, and they're willing to spend big to keep this economy afloat. and i say cheers unlike 2007 when the whole federal government was committed to doing nothing -- you know why. >> they know nothing, they know nothing, they know nothing >> they didn't care. >> they know nothing >> they were busy thinking about who they can punish. not this time around we are moving aggressively to put money in the hands of the unemployed, the under employed, the small business person, the person who lost the dry cleaners, the person who lost the barber shop, the person who lost the restaurant. they are being helped here we have to do everything we can to stop the threat of the virus. in the run up to the great recession, our leaders didn't take any action until the financial system had fallen apart. this time they learned their lesson they're actually ahead of the curve. quite impressed. all this stuff is essential. but it's only keeping us on life support.

it's not enough to breathe new life in the economy. at the end of the day there are things money can't buy like health without a drug to treat covid-19 or a vaccine to let us eradicate t we're not going to get back to normal begin the lockdown tomorrow, won't make that much difference if we don't get the outbreak under control. i know we can't stay quarantine forever. that will cause a depression which is why we need to use this precious time to set up testing facilities all over the country and have the cdc flip-flop masks were always good i was wearing one coming back from the superbowl i was early in masking we keep saying testing, testing, testing and i'm adding masking, masking, masking i'm on fv so i can't do it now this is right, this is right, this is right. this is what you have to do. we have to win you have to wear these things. i got pimples all over my face i don't even care. not since i was 13 do i have as

many pimples as i have now not kidding. what do we do next monday? go for the game plan, find out we have this thing, until this disease, that's what this thing, like a sponge boy. first we want further evidence we're slowing the spread a week ago the president told us to expect 100,000, 200,000 deaths from the coronavirus by august today dr. fauci, who is spooer heading the government's response said it might be as low as 60,000. one is too many. that means the lockdowns are working, though. i'm hoping we get confirmation we're truly flattening the curve when we see the weekend numbers from new infections. by the way, this plateau -- see, plateau bad. my daughter lives in madrid. they plateau etd aed, and they plateaued. we don't want the plateau, we want the go away i want to see high-yield filings from companies short of capital. there is any reason to believe the fed will back high yield

credit even companies under immense pressure from the virus. like the cruise ships, north america tanker -- that's an oil company. the other ones, norwegian cruise they should go borrow from jerome powell. he's giving out money like it's going out of style all right. tuesday kicks off what might be the most bizarre earnings season in my life i expect no one will be able to tell us about the future no guidance whatsoever when wells fargo and jpmorgan report out, we hear good things about the past quarter before the amanda lynpandemic, who car. there's no way to forecast anything right now, especially not with jamie dimon, after the heart procedure, and new guy charlie. i pushed for this guy to get loans. it was me that got it done that's what my wife says, you ego maniac i didn't have anything to do with it, but it's good to see they're doing it i'm giving you a lot more information than you usually get. i'm hoping the big banks will

swear by their dividends which is why you want to own them. jpmorgan was up. thank you, j. powell it was an easter present we're going to hear from j.j i have it in my charitable trust, the actionalerts.com club maybe the best by the way, they may have what we need, the vaccine the medical device division could disappoint new j.j. might be postponable. i'm hoping alex will say something on the vaccine if anybody is going to save us, it's either going to be regeneron or al sikorsky at j & j with the vaccine goldman sachs and citigroup all report i think bank of america will talk about how far ahead it is on giving out payroll protection program loans because they have that great app check out the app.

the app is real good i hope goldman shows us about their joint credit card with apple, please, please, please. citi is ridiculously cheap it want buy back stock $23 tangible discount to book. i haven't seen that since glen fed and cal fed in the '80s. shocking anomaly the bank can float some of those questionable high yield bonds of the fed if it has to we get results from united health, unh. this is the most important managed care company they call it health care insurance company. great company. wall street didn't care about it when there was some chance bernie sanders would become the democratic nominee going to war with private insurance now that's off the table it makes a difference. pandemic will be tougher to manage earnings. it has a lot of levers i like the stock thursday we hear from abbott labs they keep saying they need coronavirus testing before we can reopen the economy that's why we need to rely on abbott with the five-minute test

no pain, then bingo. they're producing 50,000 in the day. i want them to ramp up, so does everybody else we have to get to at least 500,000. 500,000 at least so people can feel confident go out and do things abbott is a fabulous company i think this test is a game changer. if they make enough of them. long-term favorite company, robotics, da vinci, surgeries being postponed, not so good for intuitive. friday, it's schlumberger. the oil service king pin total disaster right now price of crude got hammered today. i don't think the opec plus 10 million barrels taken off the market cut, won't mean a thing is schlumberger's dividend safe? i don't know, what's the plan? bottom line, i know we're in lockdown and hard to judge the future when it comes to the economy, both the fed and elected leaders are on the same side as you'll hear when wespeak to speaker pelosi later on. now we need to mail down the public health side of the equation let's take calls let's go to vince in

california vince. >> caller: jimmy chill, what's crack-a-lacking? >> i don't know. i'm masking myself after this. what's up? >> caller: my question for you today is about alibaba they've been struggling a little bit but i thought they may have recovered in march they have shares later this year, is it a buy, hold -- >> it's the only chinese stocky like remember i told you to avoid that >> sell, sell, sell. >> you bet i did john in michigan john hey, john. >> caller: booyah, jim thanks for taking my call. >> of course >> caller: been watching you since the kud low cramer days. my stock is cyber ark. >> it's dynamite proof point is in my pecking order, i'm putting pru at the top. i like crowd strike. they have game oh, man, i'm done? i was just getting started

the fed's massive new liquidity injection sorely needed following last week's -- did you see the jobless claim number this kind of big thinking is what we need to keep the economy afloat until we stop, eradicate the virus. is box thinking outside the box when it comes to helping companies cope with self-quarantine? i'm talking with the c.e.o congress is spending the record $2 trillion relief money signed into law two weeks ago i'm talking with the leader, house speaker nancy pelosi and the fed put out a massive support package. i believe it's pretty positive so stay with cramer. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer #madtweets. send jim an email to madmoney@cnbc.com. or give us a call at 1-800-743-cnbc miss something

head to madmoney.cnbc.com. watchw trolls world tour movie... wait for it. at home. what, what, what? oh! what a troll. the world premiere is in your home friday. but right now, the world needs all the good that we can do. to everyone working to keep america strong, thank you.

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a pretty strong quarter in late february excellent guidance the activist value pushed for changes last year. they reached a deal with management a few weeks ago with the board getting three new independent directors. best of all box has been rolling out new functionality like automated malware protection the stock rallied almost 80% from its march lows. can it keep roaring? let's take a closer look with aaron levy, co-founder, chairman & c.e.o. of box. find out how the company is doing and where it's headed. welcome back to the show >> hey, jim. good to be here. thank you for having me. >> okay. so, box is a company that is uniquely ready even though you could say you fell into the space. but you were ready for the work from home movement is it here to stay >> well, when we started box 15 years ago, we had a really simple idea which is you should be able to work from anywhere with anyone and share your files

securely on any device and through any application. we certainly have been ready for companies to move to a work from home or remote work style, and obviously we never could have anticipated the speed and velocity at which that happened. but fortunately our platform was ready for customers to be able to adopt this in this way. we've been working with our nearly 100,000 customers to ensure that they can collaborate securely and access files from anywhere the new question will be after shelter-in-place is maybe remove it at some point, what about the work styles and i.t. strategies of this event are going to stay with organizations for the long run. and our belief is this is going to fundamentally change how people work going forward. and companies are going to now move to the cloud even faster and they're going to be changing the way that they collaborate, the way that they share, the way they securely communicate and work with their information. so we do think there are more lasting trends that will be with us now forever >> do you think people were a

little too glib initially? i love zoom. my problem is it's fun there are now people discovering where the servers are in china well, you know, a lot of people zoom bomb including in religious cases, anti-semitic bombing i'm aware of next thing you know, hey, maybe this work from home, it's not that smooth. we had eric nguyen, he's very honest about it. there are issues work from home people didn't anticipate >> there was an explosion in use of technology today and digital technologies both in our personal lives and in our business lives with that type of growth and immediate change in our work style and our communication, personal lives, we're bound to see some new permutations of risk ands issues in our case we have a security technology called box shield which helps companies as they move from a work from home environment, how do you protect all the data people are now accessing in these work from

home situations. so if you all of a sudden went from maybe only 10% of your employees internet traffic being on a home device to now 100%, how do you make sure you're protecting against the possible threats of cyberattacks, of people accessing files or downloading too much data on their personal devices so our job is to make sure we're protecting our customers in those type of situations but i think the idea of having simple technology that's easy to use, that works in the cloud, that's easy to deploy, these trends are now with us forever i think we're going to certainly see some new behavior emerge, have companies that deal with different issues i know, for instance, zoom is going to make sure they pivot -- security right now i think eric and his leadership and that team is going to be very focused on solving this challenge. but when you look at the rise of acts like slack or zoom or octa or webex or microsoft teams, these trends are really here to stay now you're not going to be able to go back to the old style of

working in a much more hierarchical fashion whether or not we're working from home, we think a much more dynamic way of working is here to stay. >> obviously starboard, they took a look at you and felt this was a great theme. but it happened, of course, before they got involved before covid. they obviously loved your company. i like the guys from starboard very much, a guy who is a friend of mine, part of their mob, so to speak they come in, in a very gentile form so you did not resist. you welcomed what they were saying they didn't have anything to offer you. you would have told them no thank you. but they've been a positive influence, right >> yeah. so, when they came into the stock last year, they had a perspective that we were trading at a discount,we were under valued and there were ways to drive greater profitability, greater growth from our perspective, we fully

agreed with it we went with a collaborative stance we felt we could drive greater efficiency we guided 9 to 10% operating margin which is a step function change from year to year we also felt there were opportunities to continue to drive greater productivity and greater growth in the business that's things like box shield and our suites and making sure we can help our customers be able to expand how they're using box in a very efficient way. so we ultimately took a very collaborative stansz wi collaborative stance with them we came to an agreement in irma march to make sure we brought on three additional operators onto the board that could really help us continue to grow the business going forward. >> yeah, they're very good with security i want to ask you, you were early on in this, but isn't it amazing how the leaders in business right now are tech guys when i was growing up it used to be heartland because of manufacturing, or it was

financial because wall street was business but it's really guys like you that are in leadership, you try to figure out how much money to raise, you try to figure out the displacement and how to help what happened in society that the tech guys have become the leaders and we think of them as business as a great force of change, and it's tech that's leading? >> well, you know, i think there's amazing examples of folks like mark benioff, chuck robbins, tim cook, jack door city what he did with the billion dollars this week. you know, i think, first of all, that these individuals are leading platforms and organizations that obviously have a massive impact on the world. world economy, world communications and so i think there is a sense of responsibility amongst these organizations that they have to step up. that they have to be able to make sure that we're continuing to drive -- changing the situations i look up to that group of folks. they've led the charge in terms of how we can all collectively give back. we have an initiative called

box.org where we help nonprofits we're going to give substantial amounts of capital, at least from our perspective, to make sure we're helping with local nonprofits and local community efforts. but again, you know, pales in comparison to the impact you can see mark and others are having right now which is really exciting and profound. >> exactly it's exciting, it's different. and it's the way the world is progressing. i think it's terrific. shall by the way, congratulations on the big comeback i really like it i like the gross -- i like the margin focus, and you never lost -- oh, no, come on, it's terrific that's what i think the street wants right now. thank you so much to aaron levy, chairman & c.e.o. of box >> thank you >> stay with cramer.

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if you want to know why the stock market has been able to rebound so hard after it slows, it all comes down to one word, washington congress, the white house, federal reserve, they're all taking this crisis as seriously as i've seen them take anything. that's why we got a $2.2 trillion bipartisan rescue package a few weeks ago, massive unemployment insurance, loans for small businesses to help them keep workers on the payroll called the payroll protection program. it has so many takers it needs more funding republican senators tried to add $250 billion to the program but democrats want more money for states and hospitals i think there's a lot of room for compromise because everybody does need more money let's go right to the source with nancy pelosi. she's the democratic speaker of the house because this is her ball game. speaker pelosi, welcome back to "mad money." >> good to be here >> madam speaker, why wouldn't we want all the money to go to the workers, but also to the hospitals which are clearly running out of money, and to the

states because in 2009 we starved the states and it turned out everybody's taxes were raised. it took much longer to come back what's the resistance here >> that's a question you'll have to ask republicans because we put in the money for state and local government and for hospitals, which are hemorrhaging money and paying for the coronavirus cost let me make another distinction as to why we were objecting to what was put on the floor today. first of all, like about 48 hours ago, two days ago, the secretary of the treasury called me he said, i need a quarter of a trillion dollars in the next 48 hours. i said, well, we'd like to see some data. let me get back to you on that what we got back to them was we bring the program to $600 billion and we're saying, we want 10% of that to go for community development, financial institutions, institutions that are there to meet the needs of those who do not have banking

relationships but nonetheless are viable small businesses, whether they're in rural america, veterans, women, farmers, small businesses that say the banks might not be as enthusiastic about lending to, even though it's all guaranteed by the sba and off the books by the fed. so that's all we're saying we actually took some of the money and said we need more money for the direct grants, $10,000 per small business, and more money for the disaster loans which are all of the businesses are participating in. so this was all for the same purpose. it's just to make sure that everyone was included, and actually the banks are our friends in all this. we want to make sure that they can participate to the fullest at the same time take off their hands a need for us to reach into the, shall we say, the under banked community >> but i do think there's more common ground here than i've

seen in a long time because the enemy is covid-19, and there have been 4,000 community banks that have applied for money. i thought that was a really good thing that there's that many community banks that are in there fighting for their own clients. >> that's right. and we want community banks to have some, shall we say expedited procedures so that they can participate in a strong way to the communities, many of which of these beyond the banks, there are other institutions like micro lending program, the small business administration, and the rest, other initiatives that can be very helpful as well so, again, we all have a common purpose. we just don't want it to have to trickle down we want some of it to be directly for the small business, rural america, indian, places like that which don't have a loan with the bank, don't have a relation shichlt relationship >> right >> we want them to borrow from the bank if you don't, we want you to be

able to participate in the initiative that is' what it was about i think it was a small ask, and plenty room for negotiation here >> i think so, too now, madam speaker, you are a person of great common sense, not just of great leadership you understand the common person, and you're worried about them, and i know this. when can we re-open america for business without putting them in jeopardy for their health? >> well, testing, testing, testing, three-word answer what we really have to do is take inventory of actually what the challenge is we're flying blind without that. we're long overdue we passed three bipartisan bills in march, third one march 4th. that was about testing, testing, testing, more than a month ago we still have to do that in order for us to have an idea of the extent of this terrible disease. but also, so that we have data,

racial -- collection of racial data so that we know how this is affecting different communities. when we know what the challenge is, we can more clearly understand when we've overcome it and, of course, we want it the sooner the better. that would be the best answer, a vaccine. a little further up, but hopefully soon the shelter in place is making a big difference we really don't have an evaluation until we know the extent of the problem. testing, testing, testing. >> so, let's say we got the community-based leaders -- lenders, i know california has community based lending. disaster assistance, do you think there is a possibility we should roll out the opening? governor newsome did an unbelievable job with the lockdown, just incredible. it seems like california is so far ahead of where new york is maybe which can do it in stages. maybe it doesn't have to be one grand day that the country opens.

>> well, would you like somebody in one of the states that doesn't have shelter-in-place right now crossing the border into where you live? >> no. we wouldn't. >> let's make it -- let's do something original in washington let's have it be science based let's have it be science based, based on testing so we know what the challenge is, that we have an idea of -- we don't know, even though they say they do but scientists tell me we do not know that if you have contracted this virus and you recover from it, whether you are immune to it, we just don't have those facts. so if somebody has had it, immune, is that a person we can use as a resource for prevention of others? or is that a person who is contagious again infectious so, again, all of us -- everybody wants out, that's for sure we all want to be able to go to work we want everyone to go to work we want those who are working to

be less at risk of their lives as they try to save other lives. we want them to have the equipment that they need and we want those who are in need to have ventilators and the rest so as soon as we attack it scientifically with the equipment that we need, with the measure of what the challenge is, the sooner we do that and not just talk about it, but do that, the better off we will be. that's on the health side. and the health side will have a direct relationship to how we open up the economic side, and the economic side, assault, is a big one. and one that we should use as an opportunity to say, we will use this opportunity of the coronavirus challenge to our economy to be one that does not solidify or os ssify capital, bt alleviates that, and that would be real progress for our country. i have to, though, measure who

is infected by this, and that will be by testing so, again, data, data, data, evidence, science, that is the answer to when we can go back. >> you are a natural optimist. if we can get this additional money, which i think is certainly warranted, and we get some breaks in science, do you think -- is it possible to say -- i know you don't want to put a date on it, but we can stay closed. is it possible that may -- enough people in may, enough younger people, enough people who have already had it, enough people who tested, tested, tested, get the country moving i'm getting worried, about not a recession, but a depression. >> we could have a depression because so many people are out of work. that is' why we have to get the system really energized and working. let's get out those unemployment checks let's get out those direct payments let's get these loans freed up

let the banks about the friends to the whole system they are this is entrepreneurship like we've never seen before because of the challenge to small businesses let's recognize what that is, that optimism is to america. i don't think anybody can tell you a date unless we just take -- we get a time. but let's be hopeful that it will be soon >> i love the spirit of compromise i know secretary mnuchin thinks the world of you i'm just an intermediary, but i'm saying he does and you're doing a fantastic job. >> and i think we should get more credit for working together because we -- in the last four months i was thinking that last four months we were able to come together on a bipartisan budget to keep government open in the end of july -- excuse me, the end of december. at the same time, we came to terms with the u.s./mexico/canada free trade agreement. since then we've had three bills that are bipartisan to address the coronavirus crisis, but we

do have our differences. >> right but there is mutual respect. but there's mutual respect, which is what we want, right hate difference with you, of course, but mutual respect >> mutual respect, but we were very happy with the bill, the cares act. what we did was turn upside down a proposal by some for a corporate trickle down bill to a workers first bubble up bill and that enabled us to embrace it fully and want to work very closely with the administration to implement it as soon as possible >> let's leave it at that and i want to wish you a very happy easter, madam speaker. >> this week is a very important holy one for us to pray for the recovery of those who are sick, the families who have lost their loved ones for our great country, that it recovers personally as well >> i know we can all agree with that that's house speaker nancy pelosi we all hope that this country gets strong and better than -- the health of this country gets better "mad money" is back after the break.

♪ ♪ the fed reserve can't do anything to stop the pandemic, but they're moving heaven and earth to limit the economic fallout. i've been calling for our leaders to think big i was done by the fed's incredible $2.3 trillion facility we used to buy high yield bonds, municipal notes, other things layman's terms, they're back stopping everything on the backside of the ledger we look at the stock side. credit side is much bigger if your company is hit by covid-19, you can borrow at reasonable rates if they're willing to buy second rate munis, that's good news

local governments are forced to cut spending at the worst possible time because there's money. take that off the table. second major pain point, high yield credit we have companies that need to borrow money to get through this period there is simply no way they'd be able to have a loan. thanks to the fed an airline can now raise capital without it needing to sell a stake to the government something that looked inevitable if they didn't get forbearance with the fed buying junk bonds, they're taking that risk off the table. by the way, that's why the airline stocks soared so much even though they don't have any traffic. tough on retailers i don't know which lives and which died nordstrom sold 8.75% coupon. holy cow before the fed's action today, i wasn't concerned that was too risky. now i don't know we have tons of companies in great shape two months ago this pandemic threatened to chor crush them it wasn't their fault. it wasn't that they were bad operators. this thing was crazy in the end the fed didn't want

to be blamed for causing a depression j. powell understands the mistakes the fed made during the financial crisis in 2007 when the fed was buying just treasuries i asked chief ben bernanke could have taken action sooner powell learned the lesson. he's not making the same mistakes bernanke did. secretary mnuchin doesn't want to go down in history as the guy who presided over the depression either he's making sure small and medium size businesses can get grants and loans that will be forgiven as long as they don't layoff their employees this payroll protection is under fire because it's misy there have been delays it's far from perfect. i say who cares. this is a huge incredibly ambitious program. millions of small businesses have filed for loans of course the sba has a gigantic backlog. they'll eventually get it right. if you need a loan go to your smaller community banks. they don't have as many lines.

he said heed do whatever it takes to stabilize the euro zone the fed is taking a page from malcolm x. propping up the economy by any means necessary. i love it. remember only bridge, we can't go back to business as usual until there is a cure or vaccine and we eradicate covid or at least do enough testing to ease up on the lockdown stick with cramer. i know that every single

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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. [ buzzer ] >> and then the lightning round is over. are you ready, ski daddy time for the lightning round start with jessica in new jersey jessica. >> caller: booyah, jim >> booyah, jessica >> caller: i'm a big fan of yours. >> thank you >> caller: i would love to hear your thoughts about striker corporation symbol syk >> you know what, unless it gets a take over, i'd like to let go of it because they do have products that i think you'd be able to not -- procedures that might be optional right now and we don't have a lot of room in the hospitals for that to happen let's go to sarah in new jersey. sarah. >> caller: hi, booyah, jim what do you think about club power? >> too speculative it had its move now it's back in the old days, doesn't do a thing. steve in new jersey, steve >> caller: jim, long time listener, first time caller.

>> you own chevron little ones fang, diamond back eog or pioneer or parsley that's it. miranda in minnesota miranda. >> caller: hi, mr. cramer. >> hi, miranda >> caller: my son got some money and he's wondering if -- he wants to put it in the player stocks should we do it now or wait longer >> in the what stock or 4% yield, it's a good job navy veteran thank you for serving. coming down all the way. i think that's a pretty interesting opportunity for long term how about steve in florida steve. >> caller: good afternoon, jim, how are you doing? >> i am good, how are you, steve? >> caller: okay. calling about ticker symbol, cala >> a very interesting spec against tumor metabolism i really like it i think it's one of those companies you wake up and it could be like a home run good spec. let's go to glen in indiana.

glen >> caller: jimmy chill >> yo. >> caller: thanks for all you do for us home gamers >> you're welcome. >> caller: my stock is capital one finance. >> yeah, capital one is a good -- it always comes back because credit cards always comes back they are giving stocks away. if you want to go a little spec like that, why don't go with wells fargo. i know it's up 6 whether charlie sharp bought it. it has 6% yield and you're buying it for a very low eight times earnings, wells fargo. let's go to nicolas in new jersey nicolas. >> caller: hi, jim my name is nicolas and i have a big booyah from down in the garden state parkway toms river, new jersey i hope you and all your loved ones, the rest of the country is in good health >> thank you >> caller: i'm a big fan, i've known you since i was about 8 years old, but didn't really get into the market until about january of this year and if you told me at 8 i'd be speaking with you at 23, i would have said there's a better

chance of -- >> here you are, buddy proud to speak to you. >> caller: here we are but i have some experience, by no means am a seasoned vet my question lies with the mortgage trust that soared this week, ticker gpmp $3 open market monday -- >> it got oversold nicolas, it got oversold a bunch of them had to do some equity offerings, so a lot of people sold that wanting to put the money in the others. if you see that, look at kymera, i don't care for that group. i think you should go for growth you're a young guy you watch the show get some growth in there i would rather see you in tesla. let's go to mitch in michigan mitch. >> caller: high, cramer, booyah. >> booyah. >> caller: hey, i've been watching the oil industry and keeping my eye on a pafpache. >> apache? apache had the biggest move off the bottom of any stocks of the

s&p. it was the worst performer i don't like the oils. i gave my list of oils i like chevron, i like fang, diamond back i like parsley very much i like pioneer very much and i like ug. that, ladies and gentlemen, is the conclusion of the lightning round. [ buzzer ] >> announcer: the lightning round is sponsored by td ameritrade this piece is talking to me. yeah? so what do you see? i see an unbelievable opportunity. i see best-in-class platforms and education.

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to all of our employees and everyone working welike country, k-pop, and...smooth jazz? i can't feel my face. i don't care for smooth jazz. the world premiere is in your home friday. ♪ ♪ with so many of the cloud stocks roriaring lately, is it time to focus on those down from the highs? talking about domo, a cloud based business a lot like the smaller version of spunk or outer, those guys. even before the coronavirus meltdown, domo stock spent the better part of the year being put through the meat grinder these guys are smart guys. but the outbreak came along, the stock plunged from 27 down to 7.

7 and change in a matter of weeks. it didn't help the company gave us a not so hot earnings update a month ago. lately domo is bouncing off its lows, 11 and change. up beat analyst day. they're bending over backwards to fight the pandemic. they created the best covid-19 tracker and using real time data from johns hopkins, making tools for local governments, a response dashboard for utah. domo is doing a good thing the company can demonstrate the power of its technology. will it work check in with josh james, founder and chairman & c.e.o. of domo find out more about the initiatives and outlook going forward. mr. james, welcome back to "mad money. >> thanks, jim glad to be here. >> i have to tell you, i was looking at the johns hopkins board like a lot of other people until i knew that i had domo on. yours is a vastly superior, much more real-time site about covid.

is this a good example of the power that domo can bring to the situation? >> yeah, it is you know, we jumped on that and we actually have a version 2 coming out i think today or tomorrow we're upgrading it in a meaningful way that's a good example. you know, the ability to do -- to leverage any kind of data, any business intelligence you have, cloud scale in record time and, you know, we did it for the state of utah just recently. >> right >> we created a crisis command center for them. pulled data from all sorts of different sources over the course of 72 hours and now the governor is looking at real-time data, how many entry points are there into the state, how many different beds do we have that are icu have vents, how many tests are we doing. >> why is it utah? why doesn't every state want this >> it's interesting. we created -- got together -- what we call silicon slokes out

here some got together, mark newman and dave elkington the state wasn't getting through put. you guys are tech guys you tech people -- we're going to keep pushing. we kept pushing and now we're doing more tests per day than the state was. and it's a great combination of governor herbert, public/private partnership, and we're pushing a lot of tests through there >> i find i end up using domo and i don't know it. improbably one of the more active users of espn, espn plus. they had the numbers for disney plus yesterday 50 million is incredible i have been with espn since the beginning. >> right >> when you complain about espn, which i have at times, somehow you monitor it and tell people where the problem is >> yeah, they're a good customer of ours for sure they've been a customer for a long time. in this day and age, gosh, you know, i've been through this before unfortunately

we have been through the meat grinder, but we have $160 million in recurring revenue and, you know, we told -- at our analyst day, it was presiden't t we're ready to take another $30 million out. we'll do it if we see something negative we haven't seen anything negative if you talk to our reps and sales managers, the pipeline is bigger than it's ever been we're pacing more this time than last year. we're trying to be prudent, trying to get out of the meat grinder. we today announced we're taking $30 million more cost out of the system we let go of 90 people that's the worst thing that happens when you're a c.e.o., but trying to be prudent, make sure that no matter what, we told people we're never going to run out of cash. we won't have to raise more money to get to profitability. jim, i thought in nine months we would be prove istanbul. the dark cloud hanging over our stock would be gone. we're doing what's prudent and i think -- you look at today and,

yeah, we have to adjust. but you go to grocery stores, you go to health care companies. you're going to love this story, jim. we have a regional grocery store and they compete against 200 other grocery stores for the distribution -- >> the harman's? >> the harman's. within two hours of this happening, they had real-time data and they reorder and replenish their shelves before any of their 200 local national competitors because they had real-time data on domo >> we love it for nbc universal. we use it. i'm always kind of surprised i mean, to me you have a great product and sometimes i wonder how come a great product doesn't necessarily turnout into blowout sales. i guess it takes time. >> unfortunately, you know, we're probably ahead of the market for a while there now we're starting to see it there are some big health care companies that called us and said -- and i can't say their name, but we have testing machines for covid, and we put tubes in there and we test it.

and we get all of the data off the machines and put it into domo and we're able to see which tests are having errors before the labs see it and we're also able to see which places have hot spots so we can ship our tests to the place that have hot spots. we know the needs before anyone else knows the needs and, you know, we've always -- we're always good, but when real-time becomes really important, like right now, then we're even better. >> now, can people access that, the hot spots like i can access this incredible site that you guys do that has w.h.o. and johns hopkins? or is that a private -- >> domo.com/coronavirus and there's all kinds of data there. there's all kinds of -- you can see how the data is changing over time. you know, we've got the testing site but the crisis command center where that governor -- he can see everything that's happening in real-time with his state, from dozens and dozens of different sources, it's a game changer. >> it really is. i hope more people find out and

use it they will not go back to the hopkins site as much as i love hopkins. your site is so far ahead of it. what am i doing looking at hopkins site josh, always great to see you. >> one question. >> sure, what's up >> can you see this thing sitting next to me i was going to give this to you when i come out to see you it's a magic 8 ball, giant magic 8 ball >> "mad money. >> on the other side >> "mad money" 8 ball. it tells us the answer booyah all right, i'll take it. you justmade me happy in a ver tough period >> it's adorable >> josh james, chairman & c.e.o. of domo, domo. check that site out. if you're as addicted to trying to find out what's wrong, go to this site. it is the best for information on the coronavirus there is. "mad money" is back after the break. doing everything possible to keep you connected.

through the resilience of our network and people... we can keep learning, keep sharing, keep watching, and most of all, keep together. it's the job we've always done... it is the job we will always do. 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. mom! look! take something that can wipe you out? or don't, and fight through every second.

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in turmoil tonight at 7:00 eastern. >> good evening. i'm scott. the federal reserve rides to the rescue again as stocks have their best week since gerald ford became president. >> the fed takes unprecedented action >> pump about $2.3 trillion into the economy. >> while stocks have their best week in decades. >> as the bell goes, we are higher by a full 12% in just one week >> but warnings persist about what the other side looks like >>