Skip to main content

tv   Mad Money  CNBC  May 12, 2020 6:00pm-7:00pm EDT

6:00 pm
and up 10% to 15% quickly. >> karen >> yes i'm doing this which is a gesture for doing nothing. >> guy >> blackstone, bx. >> thanks for watching fast. see you tomorrow jim cramer starts right now. my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i just want to try to make it so you don't lose too much money. my job is not just to entertain you, but to educate, teach context. call me 1-800-743-cnbc tweet me @jimcramer. to reopen or not to reopen that is the question
6:01 pm
ideally, we keep everything closed until the federal government massively ramps up its testing and contact tracing capacity that would be my preferred outcome. but what if we're waiting for nothing? i've got to tell you without more aggressive action from the federal government, we may have no choice but to reopen as the economy spirals into a depression what does reopening the economy even mean, though? the market is one reason the dow slipped 457 points today nasdaq was down 2.6% they're waiting for any direction from the government, the federal government aside from a handful of people who have the situation figured out. i have been pounding the table it's "mad money," not mad depression i've been pounding the table on amazon for months because it has convenience, scale and low price to take over the market.
6:02 pm
i think walmart stock, too cheap. given that it's got a big digital business with 4,769 warehouses along with the brick and mortar stores that serve as warehouses, of course. fabulous food delivery biz everybody is local there's always one near you. costco knows what it's doing they took the hit and demand customers and employees wear a mask it's now a safe place to shop where you can load up on tons of merchandise at bulk prices of everything that's not online a bit mystifying great quarter, nothing to write home about if you want to take your stimulus check and turn your office into a home office, home depot gives you the best for your buck. lowe's c.e.o. put its trublds behind it. however, with the exception of the big box retail stores, most retailers don't have a clue how to reopen. you know who has it worse than
6:03 pm
retailers? the restaurants. we know they're trying out all sorts of delivery and take-out initiatives. it's hard to make money from delivery once you build your concept around it from the ground up. that's why chipotle and domino's pizza cleaning up here chipotle was in great shape. it's going to g, it has the real estate investment trust playing ball and has them opening chipotle for drive-thru. they didn't want to, but they have to because these guys are solvent. unfortunately, that's about it almost everybody else in the industry is shut and it's crushing the economy i'd be okay with that if our leaders had a plan but i don't know about you doesn't it seem like it's not an option the craziness in california, where some unelected officials keeping tesla's factory from going full steam, even as the governor is opening up all sorts of higher risk enterprises, like clothing stores, florists.
6:04 pm
they're high risk because it's unregulated. when you consider the supply chain, it's exactly the kind of factory that could be heavily regulated by osha, the agency that handles worker safety osha needs a backbone. we'll have nancy pelosi, speaker of the house on the show to talk about her bailout package that would force osha to come up with new safety standards for handling covid-19. all you musk haters, you have osha in there. the stock is the real game we need clear rules from the federal level. enough of this confederacy of rules, which brings me to the real issue our company has become a grab bag of state and local regulations hardly anyone understands. this is the time for uniform leadership from the federal government we can't kick everything back to the states they don't know enough they don't know what works we know there's no magic bullet against covid-19, but we do have
6:05 pm
some regular bullets so far the best centralized responses come not from washington but from mark benioff, the c.e.o. of salesforce thanks to benioff we know you need masks for everyone, aggressive hand washing, social distancing, testing when people are symptomatic and contact tracing for new outbreaks. there it is, guys, this is all we got this is it the numbers on mass are stunning if 80% of the population wears masks, say 60% -- not more than that, new infections would plummet to less than 10% where they are now put everybody in masks and covid-19 starts to feel like a bad flu season, not with morbidity, it's far worse. the numbers go down even more when you add the social distancing like you see in the pictures of the newly opened shanghai disney. everyone is one meter apart. make them 6 feet apart it's even better we can order more masks. i wish we had the really good ones we get the ones -- we don't have
6:06 pm
enough guidance from washington, particularly the cdc for example, my restaurant, we're mostly planning to take the tennessee pledge on table distance no bar, aggressive questioning about illness, temperature when you come in. financially the tennessee plan is a recipe for disaster, but it's all we got, and that's why we need another stimulus bill to get smaller restaurants through this period. thank you, guys. i don't expect the strong economy for ages i'm betting on a view with that bottom part being longer than most people like when you were right writing cursive. that's a term. even a "u" might be out of reach without a strong set of rules from washington to give businesses a clear sense of what they need to do to open safely they just need some advice why do i suddenly think reopening is a bad idea? i have near must respect for anthony fauci. he says it could be disastrous here's the problem the whole point of the lockdown is to buy time for the federal government to build out testing
6:07 pm
and contact tracing. if the government is not doing that, we're buying time for nothing. i want what fauci wants, a more aggressive federal response. at this point wishful thinking consider the cost. without another bailout, a continued lockdown will cause a wave of defaults across this country. somebody could potentially take down the banks, turn the health crisis into a financial crisis you see the way the bank stocks trade. they look like they're in jeopardy, right? the federal reserve has been good at buying credit, bonds they're not only nip tent. we have 14.7% unemployment had that a month ago probably worse now that could wreck the whole economy for years tocome too many loans to car dealers, to retailers, to franchises all which are in jeopardy. the bank stocks trade so their dividends have to be cut it isn't inevitable unless we open the economy faster, do it right. it could be months or years before we get a vaccine. we're going to hear from a
6:08 pm
vaccine company later in the show i think it's a little wishful but who knows. we can't truly go back to normal unless there is a vaccine. we can't afford to keep the economy shutdown through 2021. that's why i think we need to do the best we can to get as close to normal as possible while still taking the necessary precautions. including federal funds so that people with preexisting conditions who are at high risk of dying from covid can keep staying home here's the bottom line we need to seriously ask ourselves, what are we waiting for? i would love it if the government spent a fortune on testing and contact tracing, but you don't hold your breath it's one thing to shutdown the economy to buy time so the feds can contain this thing but it they're not going to use that time, what is the point we might as well try to reopen as safely as we can now to prevent a second great depression let's go to connell -- kemal
6:09 pm
in illinois. kemal. >> caller: thank you, jim, it's kamal from chicago >> third time's the charm. go ahead >> caller: i want to first thank you, jim i've been watching for 12 years now. i want to thank you for being one of the few people that says some every once in a while and i thank you for not panicking at the bottoms >> i came back from the superbowl high everyone was making fun of me. i said this was the real deal, i moved my family out of town. i miss them. of course, i miss them came out wrong go ahead >> caller: so, i was too late to buy amazon years ago i've been wanting to get something like that so i got interested in jb.com as a chinese amazon it seems to have done well i'm hoping with the quarantine, and since china has opened up i'm hoping it does better. also a secondary is coming up in hong kong, in the hong kong exchange and earnings are coming
6:10 pm
up friday. should i buy more of that? >> no, no, you mentioned the stock to own is amazon alibaba is a close second for me it's amazon. jd had a bit of a move here. go to alex in texas. alex, you're up. >> caller: hey, jim, sending you a big booyah from dallas, texas, and shout out to cowboys nation. >> no, i'd sell it [ laughter ] oh, i'm sorry, was there an actual question involved or just den gra denigratetion of my own country? >> caller: i can't help it we're better than-all, you have the most recent superbowl. you're up on that one. >> i would say that's the right word go ahead >> caller: my question is about a company down 50% from their ipo and a market vastly under penetrated while continuing to serve
6:11 pm
customers staying at home and even providing p.p.e. to health care professionals on the front line, they recently received a patent for their retail concept and treatment process, keeping their competition at bay -- >> who is this >> caller: as more businesses are allowed to open up they partnered with health care companies like aetna and united and announced another partnership with anthem. it's much more economical -- >> okay, okay, so -- >> caller: what is your thought on -- >> on what smile direct club? that is the cowboys of the market [ laughter ] that is the cowboys. i mean, even tony romo would know that. i got him on my speed dial no, man, you're going to have to stay away from that. you know, what can i say no, you're not going to win a game in the division with smile direct not one single game. did you hear me? not a single game.
6:12 pm
even if we don't play you're not going to win a game. on "mad money" tonight, i'm sitting down with house speaker nancy pelosi, how her new $3 trillion aid package -- can you actually believe i think it's too small? nova vax is soaring. we hope they have a vaccine for covid-19 i'll talk with the c.e.o. and watch dick's surge working from home boost in demand, i have the exclusive smile direct club. that's what this is. 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 ado dmomething he tmaoney.cnbc.com. these days, it's anything but business as usual.
6:13 pm
that's why working together is more important than ever. at&t is committed to keeping you connected. so you can keep your patients cared for. your customers served. your students inspired. and your employees closer than ever. our network is resilient. our people are strong. our job is to keep your business connected . it's what we've always done. it's what we'll always do. but when allergies and congestion strike, take allegra-d... a non-drowsy antihistamine plus a powerful decongestant. so you can always say "yes" to putting your true colors on display. say "yes" to allegra-d. make it tough to take care of yourself, that's why you can rely on nature's bounty...
6:14 pm
to give you the support you need... to stay motivated keep active and sleep well. add a little more health to your day... with nature's bounty.
6:15 pm
♪ ♪ there's no sugar coating this we need another rescue package from the feds to go to the next stage of reopening the economy not more aid for smaller retailers, restaurants, nonprofits we're in a world of nationwide hurt every other entity and the people who work at them will be left behind, far behind. now there is another rescue package that's on the table. this morning the democrats and the house of representatives unveiled a new $3 trillion stimulus bill that they're calling the heroes act while the republicans in the senate have come out in opposition, the democratic wish list, there is some good stuff in here. a badly needed $1 trillion for
6:16 pm
cash strapped state and local governments, stimulus checks, $1200 for each of your dependents, more funding for unemployment insurance and payroll protection program, and $5 billion for contact tracing this is sensible for the democrats given the economy is still sputtering we don't want a health crisis to turn into a credit crisis. they have to avoid it, too don't take it from me. let's go right to the source with nancy pelosi. she's the democratic speaker of the house. learn more about this bill and whether she can get it passed. speaker pelosi, welcome back to "mad money." >> thank you love to be here with you thank you. i wish it were under other circumstances, but we had big decisions to make on behalf of the american people. >> yee, s, we do madam speaker, let's get right to it. are we on the verge of something that exceeds the great depression, unemployment, and the ability of our country to
6:17 pm
come back? the longer this goes on, the worse it's going to be >> the more it's going to cost in terms of lives and livelihood and to our economy at large. i do believe that as horrible as we've read the great depression was, it wasn't compounded by a threat to the lives of the american people. everyone is familiar with the numbers. over 80,000 people have died, 1.3 million-plus people have been infected. 30 million people on unemployment insurance these numbers are unimaginable so the combination of the two, the synergy of it all is just horrific and we have to act. and that's why we want to open the economy and our schools. but to do so, we must test, test, test everyone agrees to that except there are those who have not made a decision to do that so we have in our plan not only
6:18 pm
the money for testing, but all the health care that goes with that the assistance to hospitals and care in addition to testing and tracing. so it's a big ticket item and it's a decision. and if we don't do it, we will not get a handle on how big this virus challenge is, and we won't understand the disparity which is attacking different communities. so if we test, we can diagnose we can treat and trace so we stop the spread of it. then we can open our schools and our economy. we want to do it all as safely and as soon as possible. at the same time, we want to honor our heroes in all of this, our health care workers, all the first responders, whether it's sanitation or transportation or teachers the list goes on of those who have risked their lives to save lives, and they now may lose their jobs and our way of
6:19 pm
honoring them is not just with words, but with actions and supporting the state and local governments for their coronavirus outlays and for their lost revenue and then, of course, money in the pocket while people are suffering. you listed some of the things. >> sure. >> and i would say to those who say we should have a pause well, as you know, hunger doesn't have a pause bills don't have a pause rent doesn't have a pause. the list -- just the pain of those who are out of work doesn't have a pause until we can open our economy and do so in a scientifically safe way it's no mystery. the scientists also agree, test, trace, treat, isolate. >> madam speaker, if we don't get a vaccine, we can test all we want and we can treat all we want but it will never be the same. we might be in a rut for a long time >> quite frankly, the testing, tracing and treating is something that we know we can
6:20 pm
do it's within our grasp. we haven't done it even though our first bill in march, a bipartisan bill on march 4th, it passed the house, testing, testing, testing. even our most recent bill passed, we put $25 billion in for testing, but it has not assumed the responsibility to have a strategic plan to get this done, and that's what our bill does. it's a decision, because god willing, we will have a cure, some therapies, we will have a vaccine. but we know -- we don't know when that is, but we know right now that we can reduce the spread of this we can get a handle on the size of it and how it's impacting different communities and we can defeat this virus. and when we get a therapy and a vaccine, that will make it easier, but we cannot wait for that >> yesterday i spoke to
6:21 pm
secretary mnuchin. the restaurants and retailers are not ready for this new rorld. not ready for all the different changes they have to make, and they're trying to pay people they could go out of business waiting to be able to fix their places up. he seemed to indicate that if you show flexibility, he'll show flexibility. >> yeah, well, this is a negotiation. we think this is what is necessary to meet the needs of the american people. state and local, testing, testing, testing, and putting money in the pockets of the american people. all of these provisions have had a provenence in the former bill. all of them are supported by democrats across the country i think there is an opportunity here for us because this is only centered -- only centered on the coronavirus. although it's a big ticket, it's a big problem. as you know probably, chairman
6:22 pm
powell said to us, think big, because the interest rates are so low they're so low that they're giving some people confidence that credit will be available, and that is stoking the stock market and so we want to use those low interest rates to stoke the american people as well. >> madam speaker, one thing really intrigues me here i've been saying osha has to be tougher. we know in your state elon musk, an amazing man, he's created so many jobs. heed like to open a plant. there is a well-meaning county, unelected official who would like to stop that. if we had a strong osha, this thing wouldn't be an issue heed open his plant. if it wasn't any good, osha would say stop, right? >> that's really the funny part of it. the very people who oppose the strong osha stand ardern -- iart saying he does but it is their best protection and enables them to have people come into a safe workplace
6:23 pm
so if something happens to them, the best defense that the employer has is that we obeyed the letter and the spirit of the law of the osha. >> you would be in favor of that plant opening provided that there's oversight. >> well, one of the provisions of this bill that we haven't been able to get passed in previous bills, not with strong opposition, it just wasn't a priority for the other side at the time but we think it's a stronger priority now we've always been for it, is that we have a strong osha regulation not guidelines, but mandates as to what should happen in the workplace. that's everybody's best protection, the worker and the employer should the worker get sick >> should that plant be open should musk be allowed to open the plant? >> i don't know what the conditions are in his plant, but, again, what we have to be concerned about is the safety of the worker if they're not safe, they're not going to go.
6:24 pm
as you know, this is a family matter president talks about lawyers, we talk about families >> understood. >> this is a family matter the whole country is a family. people do not want to go out to bring something home that could be avoided because imagine if your children are -- well, i don't even want to go there. it's so sad. >> it's so horrible. we don't want to think about it. thank you so much, nancy pelosi, democratic speaker of the house. always welcome on "mad money." thank you so much. >> thank you remember, if we don't do it now, it's only going to cost more and no matter how big the price, the american people are worth it thank you, jim >> total agreement "mad money" back after the break.
6:25 pm
♪ (announcer) reliability is everything. so, if your network's down, you're down. verizon knows your customers need to reach you seamlessly.
6:26 pm
your team needs to work from different places across many devices. plus, you want the security trusted by some of the largest companies in the world. and that's why you trust us. the most reliable network in america. the story where the chances are low, and the cost is high. the sacrifice is real. it's all around us. but this isn't a story about how tougher times beat us. this is our comeback story. the time when we rally and come from behind. the time when we defy the odds and get back to work while the whole world watches. yeah, this is your comeback story. and when it's time to come back, we'll be ready. ♪ ♪
6:27 pm
biggest in the market is the handful of companies working on a vaccine for covid-19 with this incredible move, novavax is up 15%. is this sustainable? that's what you need to know at the beginning of this year nova vax was developing a flu vaccine. it's making real progress in the fight against the pandemic it could get $400 million in milestone payments from the coalition for epidemic preparedness innovations which is a high-powered coalition. to help develop the covid-19 candidate. talk about a vote of confidence. you need to be careful with these white bottom tech stocks it stumbles, the stock is going to get crushed plus they do not have a great track record take a closer look with dr. stanley eric, president and c.e.o. of novavax.
6:28 pm
doctor, welcome back to "mad money. >> thank you for having me, jim. good to be here. >> so, doctor, please tell us why you think this vaccine for a very difficult illness will be efficacious. >> well, it's built on -- we have a lot of experience with vaccines against infectious diseases, emerging infectious diseases we actually made two coronavirus vaccines over the past seven or eight years and showed protection in animals. we made an ebola vaccine, 100% protection in human pry mates when challenged with ebola we know how to do this so this is the one virus that has stuck around and has been now declared a pandemic. we're using the same platform we've used successfully in previous emergency diseases. our goal is to do a parallel, two things one is continue to show an
6:29 pm
increasingly mature in animals and humans the vaccine is a safe response secondly, it is to start the process of scaling up so we can have a crack at making enough doses to -- for global distribution >> okay. so, please give us the details of the cepi funding. we know that it could be up to 384 million, but they've already given 4 million invested in march. is this for milestones if you make certain milestones, you make money if you don't, the money doesn't come your way? >> no, this is different nova vax realized in january if we do what we always do, once the gene sequence is known, we do animal trials and repeat with moran malz, we get into humans and wait for human data, we're
6:30 pm
going to wait six months and so we can't run a pandemic program by waiting every month, as you know, as you see in the newspapers, a lot of people die a lot more people get the disease. so you have to go and take a bet -- make a bet that you have to make more, have to scale up the process. so our intention is to make enough doses so that we can vaccinate, so we'll have at the end of the year maybe as much as 100 million doses of this vaccine and be able to have the capacity to make a billion doses next year. and so you have to do those two things in parallel sefi agreed with us, they stepped in, they're familiar with the platform, manage the gates foundation and others. they recognize it as a -- nothing is 100%, but it has a high probability of being successful and so they agreed with us and
6:31 pm
said we will give you the money -- to go into large-scale employment and the equipment that goes into the plants early is expensive and to reserve space. so this money not only funds the clinical trials in phase one and phase two we'll start in may, but a much larger capacity >> we had robert kramer on last week, emerging biosolutions. he said it will be several companies including novavax. what is your partnership relationship with them >> they are neighbors of ours. we've known them a long time they have developed silver technologies so we transfer our technology to them they have the ability to make gnp. we started early on, say 50
6:32 pm
meters and what's what we made, the first batch. right now the material from -- has been purified and is being shipped for the phase one clinical trial in the meantime they're also scaling up to the 2000 liter and ultimately the 4,000 liter scale so you can make tens of hundreds of millions of doses a month at various plants we'll take that technology and acquire larger facilities and make a lot of doses. so they've been very instrumental in getting this from the 50 liter stage to the 20 2000 liter stage >> if i were your old money manager in the old days, which is what i did, i would say, look, both your quadriplegic and you should take advantage of what could be overenthusiasm, stock up 15 points today, raise
6:33 pm
money for your company, be prudent and take money off the table for yourself would either of those options be considered by you, doctor? of the first one is what's of concern right now. as we announced, we raised $300 million in the past 60 or 90 days that will allow us to achieve the goals we just stated >> that is important because, again, i don't want people to come and say, look, this is a done deal in the sense you're doing it with primates they have the same dna as humans it would be as safe and as efficacious? >> yes, there's a lot of warning you can have we have a lot of history we know what we've done in
6:34 pm
non-hum non-human primates higher level of neutralizing antibodies are correlates that the vaccine will be protective that's what we're doing right now. we're in baboon studies and looking to get very high levels of antibodies. >> we wish you the best of luck. it's important for our entire nation that you come up with something. i don't want to put pressure on you. the whole country is putting pressure on you. thank you for coming on "mad money," the c.e.o. of novavax. always good to see you, sir. >> thank you >> guys, they have real funding, but please, let's be careful up $15 is a good move. won't be good news tomorrow. of course, i'm rooting for a vaccine from novavax "mad money" is back after the break. when we started our business
6:35 pm
we were paying an arm and a leg for postage. i remember setting up shipstation. one or two clicks and everything was up and running. i was printing out labels and saving money. shipstation saves us so much time. it makes it really easy and seamless. pick an order, print everything you need, slap the label onto the box, and it's ready to go. our costs for shipping were cut in half. just like that. shipstation. the #1 choice of online sellers. go to shipstation.com/tv and get 2 months free. - [female vo] restaurants are our family. the cornerstone of our communities. and our family needs help. right now they're facing a crisis. and they're counting on your takeout and delivery orders to help them through. because if we don't treat restaurants like family today.. they might not be around to treat us like family tomorrow.
6:36 pm
grubhub. together, we can help save the restaurants we love. this virus is testing all of us. and it's testing the people on the front lines of this fight most of all. so abbott is getting new tests into their hands, delivering the critical results they need. and until this fight is over, we...will...never...quit.
6:37 pm
because they never quit. ♪ ♪ i've said before, i'll say it again the stay-at-home stocks are cleaning up right now. just look at logitech international. it soared to a new all-time high in what was truly a terrible day. for months we've been recommending the stock as a coronavirus winner really it's part of the cramer covid-19 index as millions of americans have been forced to set up their own home offices, logitech makes the best hardware. they delivered a monster top and bottom line beat thanks to some huge strength in video collaboration, audio wearables, tablet accessories and mobile
6:38 pm
speakers on top of that management reiterated their full year forecast how many people can do that? as the economy gradually reopens, let's check in with the c.e.o. of logitech international. welcome back to "mad money." >> it's great to be back thank you for having me. >> when you were on last, the stock was at $37 you did something that is very rare for c.e.o.s you said, you know what, the stock does not reflect what's about to come. now, did you see the work at home, play at home revolution occurring? >> no, i really didn't i didn't see what was coming i just believed -- our business is being driven by four secular trends video going into everything, the rise of e-sports, the growth of creativity and streaming online, and remote work. those four things are 85% of our business just happened right after that everything went into home,
6:39 pm
things accelerated >> i'm glad you mentioned number three, the creative. initially i thought the creative was going to be hollywood. it looks like there's maybe -- i'm not exaggerating, hundreds of millions of people who are creative on streaming worldwide. is that because they always had ideas, but they lacked the equipment? >> you know, i think you and i grew up in a world where big companies owned the content creation and they beamed it into our living room and our eyeballs, and they sold advertising behind it. what's happening now is the access to platforms where everybody can do your content have exploded. whether it's instagram or youtube or twitch. it's the democratization of disney if you want to be you can get it out there and try and see what people think. it's an explosion of creators. that's one of our key businesses going forward. >> i want to talk about empowerment for a second
6:40 pm
we're in a down time you're on, and i'm glad you're on because you're not a downer there are people who are stuck at home. there are people who have lost their jobs, but they understand how to be creative, and they're creating their own companies they're getting involved with shopify and they're using logitech equipment to express themselves am i being too optimistic in a very negative world? >> you and i are both optimists. let's face it. i would be remiss if i didn't start by saying, i want to personally say to all the essential workers out there from the medical professionals to the grocery clerks to the people delivering they're putting themselves in harms way. they're the real heroes and they show such courage. i think all those people who are at home, who either dreamed of trying to become their own business or would just like to try it on the side, this is a good moment because it doesn't
6:41 pm
take much to create your own platform all you snead is your ideas and then you can broadcast out there. not everybody can do that. it's a source of inspiration to try, to create something and put it out there i'm personally inspired by that. i think you are, too when i look at my linkedin feed, i see people trying to interview, trying to blog. i interview everybody who asks me i believe in promoting it. >> you labored through tariffs it looks like -- because your gross margins were so good, you managed to be able to handle this and not hurt profitability. >> yeah, you know, we probably had 200 basis points of impact from tariffs and currency through the year but thanks to a great team and a nice mix story throughout the year, we've been able to offset that and then some
6:42 pm
we're actually up 60 basis points which is a compliment to our team >> bracken, can you talk about what logitech is doing to level the playing field for gamers and abroad >> we introduced the active controller which works with x box. anybody can game, even enabled people we're proud of the product second, we try to make sure our offering spanner, a wide range of price points. for as little as $30 or $50, you can get into the competitive universe with a competitive product. we're promoting all the universities and colleges giving scholarships for gaming. those should be available to everyone we're big believers in diversity. it's a real opportunity to level the playing field. >> you have pc webcams
6:43 pm
we've seen so many zoom adaptations. i've had to be in zoom bougie brunches should anybody be getting this thing? how much better is the definition with your stream cam than what we're seeing, what's passing as zoom? >> you know, i mean, obviously if you pay a little bit more for a dedicated web cam, you can get a better look. it really will improve the appearance on camera so that's one of the reasons people get them. we have hd, full hd and 1080 p, all those things at the end of the day we want to enable people to communicate better a lot of people's home set ups, if you have a dedicated laptop, you're looking down, looking up, it gives you a chance to look better it is a chance to upgrade. >> last question there are people saying the work at home, the genie is out of the bottle it is here to stay
6:44 pm
what percentagefu of people whe things turn around in the economy, will still be working from home? >> i saw a forecast from a gardener that said it will be a 10% increase i think it's going to be more than that. i think you're going to have certainly a 10% increase of people who work full-time at home but it's going to be a lot bigger than that of people that are going to work part of the time at home i think you just realize -- i think we're all realizing, we can make this work it's got big benefits, including for the environment outside. and so i hope that a lot of peop people are working from home a lot more of the time >> we agree here we think you're going to be right. thank you for making our viewers so much money by saying, hey, the stock is wrong really appreciate it, sir. >> thank you so much, jim. thanks for having me on again. >> all right i said, look, the quarter is going to be good i don't know why the stock is $37. he was right "mad money" is back after the break.
6:45 pm
feed a healthy lifestyle, with pure protein. high protein. low sugar. tastes great! high protein. low sugar. so good. high protein. low sugar. mmm, birthday cake. pure protein. the best combination to help you stay fit.
6:46 pm
6:47 pm
>> announcer: lightning round is sponsored by td ameritrade ♪ ♪ >> it is time. it's 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. let's start with nick in connecticut. nick >> caller: booyah, jim i'm a 19-year-old new investor i recently bought shares of sprout social. i'm currently up 50% do i buy, sell -- >> listen, chief, your first stock, you just started, this is what you do. you sell 50% right now
6:48 pm
that's going to cushion any loss then you can let the rest ride congratulations. you understand the value of investing. dave -- okay, maybe trading. dave in michigan, dave >> caller: booyah, jim, from the state of michigan. >> love mich go >> caller: thank you for your sound daily advice because it's helped me and it helps many of your listeners >> thank you thank you very much. >> caller: yes, i own dow chemical it's been down a little from where it normally trades, and i saw a downgrade from a firm last week >> yes i say take the profit. i think that it's got a good yield, but i think the business is not doing well. it just has to do with the weakness in the economy. let's go to nate in ohio nate >> caller: jim, i want to give a big cleveland browns booyah! >> you're going to need that what's up? they were better this year i'm sorry? >> caller: yeah, they are, they
6:49 pm
are. i'm curious your thoughts on the company fiber. >> oh, man, that thing is way too hot. that one be sizzling i wouldn't go to -- that's what they call parabolic move too big, too fast. let's go to andrew in california andrew >> caller: booyah from santa monica, jim. >> lucky dog really, going to nebraska? oh, man, you're going -- you're betting on a big turn around in the economy. i'm going to have to nix that. i don't see it happen. i'm going to say that's a dangerous stock. i question the yield let's go to sujit in pennsylvania sujit. >> caller: jim, how are you doing? >> good, and you >> caller: good. i want to start a long-term position two to three years and start accumulating as i good prices what are your thoughts on -- >> it's a tough quarter.
6:50 pm
ventas was a good quarter. they have their hands filled with nursing homes, very tough situation. i can't recommend the stock. the quarter was difficult. the rating agencies were all over it. you should read that quarterly before you do some buying. let's go to ben in colorado. ben! >> caller: jim, thanks for bringing the energy every day. >> that's what you got to bring. >> caller: yeah, the news in our house, that's no mean feat here's my deal i thought i was being smart with 5g, companies pick the one on the smaller side inseego >> we like it. it's overheated. let's go to colin in pennsylvania >> caller: hey, jim. philadelphia eagles. >> go birds. >> caller: shout out to all the
6:51 pm
front line workers out there >> totally >> caller: the stock is up substantially the last week. as a shareholder do i hold, wait for a dip or buy more now? the stock is btiq. >> that thing is insane, man that's way too hot [ buzzer ] >> i like steve gersky, i can't let you do it. it's too heartbreaking i'm going to have to say no on that one let's go to mark in iowa mark >> caller: hey, jim, i'm wondering about delfi technologies >> we have enough problems i was watching dupont thinking i should be recommending dupont, but they got auto. and even though they got this great nutrition business, it's not enough they have 5g, auto, auto can stop an elephant let's go to brendan in massachusetts. brendan. i was chilling today what's going on? >> caller: i appreciate you taking my call appreciate the energy you bring
6:52 pm
every day. >> thank you >> caller: the emphasis on surge, earnings up and down significantly, is now a good time to buy? >> he like that. it's an interesting company. i don't know about advertising on the internet. i think it's a good story. they're always welcome and that, ladies and gentlemen, is the conclusion of the lightning round. [ buzzer ] >> announcer: the lightning round is sponsored by td ameritrade mobile app so you can quickly check the markets? yeah, actually i'm taking one last look at my dashboard before we board. excellent. and you have thinkorswim mobile- -so i can finish analyzing the risk on this position. you two are all set. have a great flight. thanks. we'll see ya. ah, they're getting so smart. choose the app that fits your investing style. ♪
6:53 pm
- [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. - (phone ringing)a phones offers - big button,ecialized phones... and volume-enhanced phones., get details on this state program. call or visit
6:54 pm
and accessoriesphones for your mobile phone. like this device to increase volume on your cell phone. - ( phone ringing ) - get details on this state program call or visit
6:55 pm
♪ ♪ we heard rumors uber was about to acquire grub hub. in an all-stock deal that would value the business at roughly $6.25 billion. there was a report the companies might not be able to agree on a price, but i'm hoping uber is willing to pay more because this would be a genius move for over a year i've been saying uber's achilles heel is uber eats investors cheered when the company pulled out of some of those markets that were the most dreary before the pandemic it was a lousy business here in the u.s they were able to pit delivery services against each other. grub hub is a dominant player. they've been struggling because their customers have no real brand loyalty. they have no problem switching to door dash if it means they have a better deal matt mahoney said it he called customers promiscuous. they couldn't agree more grub hub has been challenged
6:56 pm
they responded with cool technology thanks to covid-19 that technology is more valuable. they let you order from a restaurant you know precisely when it will be ready like a train schedule. when people are supposed to stay 6 feet apart, but instead maskless and next to each other. they are reckoning with the fact delivery services can be spotty. everyone wants a strong competitor to the venture funded door dash which is caviar from square sometimes door dash is too powerful they want to get food to the customer quickly and with the least expense. the best way to get that is to pit a fortified grub hub uber eats against door dash it is lacking in coverage for its house delivery service uber eats is thought to be too expensive. putin the two together, i think you have a real winner >> hallelujah. >> this combination makes so
6:57 pm
much sense for the industry it would allow it to come public, good company it's just the right amount of competition, could be great. one fell swoop it would create incredible 1r58 you f incredible value for uber eats consistent service is worth the trade-off. if i were matt maloney, c.e.o. of grub hub, i would hold out. he could get 2.5 shares rather than 1.5 we heard earlier. it makes too much sense. in the year of covid, i'll take a deal, any deal just to show a pulse in the m & a market which is pretty much ceased to exist until today. stick with cramer. so, no more tossing and turning. because only tempur-pedic adapts and responds to your body... ...so you get deep, uninterrupted sleep. during the tempur-pedic summer of sleep, all tempur-pedic mattresses are on sale!
6:58 pm
6:59 pm
♪ ♪ huge ugly program today and reversal, these usually bode poorly a couple days it wouldn't shock me to see some gains given up as we try to figure out when we can open this economy without too much damage. physically, it's a very hard choice we're all going to have to weigh in and it's not easy to try to figure out whether there's enough money coming in to make it work. i like to say there's a bull market somewhere and i promise to find it here for you on "mad money. i'm jim cramer see you tomorrow "markets in turmoil" with my friend scott wapner is next.
7:00 pm
good evening i'm scott walker on day 135 of the coronavirus virus. dr. anthony fauci takes center stage on capitol hill with a warning for the nation. >> you talk about the virus will just disappear as it does many times, that will not happen. >> dr. fauci testifies before congress warning the crisis isn't over. >> we thought initially that it didn't affect children. >> plus, new fears over just how vulnerable children may be. >> stocks have fallen through the session. >>

132 Views

info Stream Only

Uploaded by TV Archive on