june 19th 230 calls trading five times the normal achblverage i bought some yesterday and today. i get a chance to see spot run >> guy, you got three >> gold. >> all right 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 but to educate and teach, put it in context call me 1-800-743-cnbc or tweet me @jimcramer thedow plummeted 1,862 points, s&p 500 plunged, and the

nasdaq nosedived the worst day since march. the lesson things got too easy. everything was working every sector, the airlines, oils, health care, cruise lines, transports, blanks, retail, tech until a few days ago, picking winners, you know what it was like it wasn't like shooting fish in a barrel, it was like machine gunning fish in a barrel when it getz that easy, when everyone thinks they're smarter than warren buffett, you know you're in a real bruising. a genuine roll back, and sets back the neophytes who only knew when you buy a stock, it goes up that logic has now been debunked this has wiped out a good chunk of the geniuses who crowded into the airlines, betting they knew better than buffet after he dumped the whole group so what happens now?

if there's all this money being managed by novices who only know how to chase momentum, is it safe to buy before those get blown out? don't have you have to way until the hedge fund guys who missed the whole rally, come on our air and say i told you so? yes and no yes, these professionals are absolutely going to come on and argue that regular people aren't smart enough to manage their own money. it will sound scary and condescending. they'll pro-noun this is the beginning of the decline they have to do that because they have very little money in the market they need stocks to go lower and justify why they've been so wrong. so take their grim warnings with a grain of salt. there are plenty of reasons to sell i can think of many stocks way too high, even after today's beatdown there are whole sectors that should be untouchable to you,

yet they've had a run from the bottom most of these gains need to be repealed that hasn't happened yet beyond the not so hot fundamentals, my big worry is the shareholder base you have a ton of investors coming off a wbig win streak and they don't want to hear the truth. so let me lay out what's safe to buy and what isn't, starting with the ones that aren't. starting with the groups that genuinely worry me let's hear it for the oils this cohort has had a miraculous run from the bottom, which surged from a negative 37 to $40 this week. the industry has recovered from the moronic price war between russia and saudi arabia. but as long as oil was going down, producers couldn't make any money with oil those prices. but with oil back in the 30s, our oil companies are in clover and ramping production right back up because they need to pay bills.

sure, there is pickup in demand as the economy reopens, but i don't think it's enough. we've got too much supply just sitting here once we open it up, price also be crushed so you cannot own the oils i didn't like them to begin with but even when you put that aside, most of the oils have tattered balance sheets and need the price to keep climbing you need to bail on the oil complex before your fellow shareholders do. oil, it's every person for themselves next up, if you own any travel and leisure stocks, anything even related to travel and leisure, anything going from here to here, sell we don't have a covid vaccine. we don't have customers. what's the point of owning the airlines and cruise lines, the hotels and restaurants when people are hobbled by the pandemic and they don't want to go out, they don't want to fly, they don't want to visit.

walmart, home depot, target, and tj max but everything other than the bargain basement stores, sell. the bap banks, they need customers that borrow they're getting away with tons of fees, and they've got that risk free profit again, there's not enough loan demand, and the fed has set rates so low they don't make much at all. wells fargo, warren buffett's wells fargo may be trimming its dividend say no to the banks. so what's worth buying you've got to be careful right now. you might want to way for a couple of days because maybe gamblers have a real bad mindset i know because i remember what it was like to be a novice

investor and right now, there are millions of inexperienced shareholders who are going to be making the same basic mistakes i did when i got in this business. many of these people are so new, they've never lost large sums of money in the market, which means they won't dump everything after one bad day. we've got to go to the casino. they're like gamblers at a roulette table they've been playing black, and black has won every single time. maybe over the course of days. if you don't know statistics, you think it will just keep coming up black. because what happens when you spin the wheel it comes up black. today it came up red they'res go to dismiss that as an aberration. but black might not come up tomorrow and heaven forbid if double zero does when these novices start capitulating, we can see it go

back down. you should put your money to work tomorrow. when these guys are blowing up, you've got to buy something from them where is the best place to go? companies that can hit their numbers regardless of how badly this economy gets hit. we have a second wave of covid breaking out you want stocks with good yields that are well off their highs. i'll give you one. pepsico. it looked horrible today, right? 3% yield, good balance sheet, it's doing okay. nvidia, artificial intelligence, or maybe broadcom. you want companies reinventing themselves to become something better than a plain old merchant company like a paypal. same goes for apple. that needs to be the hardware,

right? not anymore. it's about the service revenue stream facebook didn't used to feature shops, now'9" does you've got to wake up and smell the coffee sometimes i want to say, guys, don't you get it i don't think they get it. now, there's others, too how about nike that's a good one, as nike comes down, i want to own nike but in a tough market, you need to circle the wagons around a few good names that you feel comfortable buys and then buying more if they go lower, because they night, in case the neophytes are in there and those recovery places, sadly, they're not recovering. i need to go to dom. dom in new york, dom >> caller: jim bow, buia from long island, new york. >> what are you up to? >> caller: thanks for taking the time to answer my call >> what's up

>> caller: my two to bes are ibr and o. i'm a 25-year-old long-term investor with a good dividend, and still -- >> dom, dom, dom, dom, listen to me you should be going for some growth i want to hear nike from you i want to hear maybe lulu after a quarter people don't like. i need growth. you're young don't come to me with the stuff that jthe stuff i'm stuck with we call that an illusion this is just an illusion all right. any way. you need to trade carefully. circle back to the stocks you feel comfortable buying. the ones that do okay when the covid scourge is right back, except for this time it's hitting whole new cities i'm sitting down with a ceo. and young traders have fought through this market. they don't seem to know the difference between a stock and a

bond but first, as economies begin to reopen, wondering how retail is fairing? something in my throat i'm sitting down with the ceo of pbh to get a read on the sector. 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. need better sleep?

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♪ after a brutal three-day stretch that culminated in today's blood bath, how worriyi should we be about the epicenter stocks we covered the airlines, did the cruise lines, the oils, stay away from all those. that's not a new theme but what about pbh here's a stock that got obliterated in february and march, before rebound thing week now it's back down and looking weaker after the close fortunately we know how this business is doing. earlier tonight, they reported a major earnings miss, sales down 43%. most of the stores that selmer chan dice were closed for six weeks of the quarter, but what

matters is how a business looks now. let's welcome back the ceo of pvh. >> thank you, jim. >> manny, look, you know the analysts better than i do. what did they expect you have so many stores close, we're in the middle of a pandemic to call it a major miss, which is what some of the analysts are telling me, is really to say that they're not doing their job, not you >> well, look, jim, to be care to everybody, it's -- in the second quarter, on average, our stores were closed for six weeks. and our customers were closed for six weeks. that's about 45% of the business and if you think about it, for about two or three of those weeks in that quarter, we were

being impacted by the pandemic as people were readjusting their lives. so the only clean month we had was february, and business was very strong coming out of the fourth quarter of last year. and the first month of february for us was very strong then we hit the wall in march, as you just described. and we're just starting to reopen our stores now. >> now, it is true the reopened stores are not putting up the numbers you would necessarily like >> well, they're doing much better than we would have expected stores have reopened and globally, as our stores are reopening, ballistrick and mort, they're down about 25% if you think about that, our north american stores, as we reopen them, are down 25%. in europe, it's been a little

open more than north america, stores are down about 20%. and in asia, our stores are down about 25%, and in china, our brick and mortar stores are flat at this point for the second quarter. so we think that's better than we anticipated when you consider all things that we're dealing with. and the pressure we're seeing overall with the clothes stores and it's -- i'm pretty happy with the way they've started to reopen keep in mind, a significant number of our stores, both here in the united states and internationally, are in significant tourist destinations they're dragging down a big piece of what we're seeing in our permanent population stores. so it's a mixed bag. but we're happy to where we have

open sod far in our stores >> okay, manny, given that -- we don't expect anything that is explosive. is it still business as usual? >> well, in this environment, there's no such thing as business as usual. let's talk about wholesale channels those stores in north america have been closed from 8 to 12 weeks. and on average, probably 9 or 10 weeks during the spring/summer season the first and second quarters as they started to reopen

there's inventory in those stores that have built up. there's orders that have been canceled so the stores don't necessarily need fresh goods at this moment. so they're not pulling goods in the second quarter as quickly as you would normally have them pull goods in the second quarter. they've got to sell off what's been in the stores the last thing we want to do is stuff the channel. so we're managing goods, we're canceling goods, repurposing goods, and carry some goods that are fresh and basic that we can remerchandise and carry them for next spring. we're doing all the things you would expect us to do to manage the flow of goods. but that's a big question we'll see in the second quarter is that wholesale channel and distribution but we have to clean that up so that second half of the year, those goods start to flow again. the only goods flowing right now

is our underwear business in particular, which is very strong we're replenishing those goods as the consumer is pulling them out. my understanding and what i see going on in those stores, they're tracking -- they talk about their own trends, but they're doing better than anticipated as those stored started to reopen. >> manny, i hear everything you just said, and i say to myself, it's a pandemic, has nothing to do with you. but you decided to forego your salary why? not your fault >> no, it's -- look, it's the right thing to do fundamentally. myself, my senior management, we fore foregorn our salaries. we have the financial

wherewithal to pay people. so it's not that we can't pay. but given the pain we're all feeling, has reduced salaries, put people on furlough, some of our people throughout the world, especially here in north america, as a leader in the industry, as a leader with pvh, it was the right thing for me and my management team to do and we were really supportive of the effort you know, 2020 is going to be a mess but let's just cut through all the bs it is going to be a mess of a year and the key for us is to get through this year, manage our cash, get through this year in a good position, and be positioned from an inventory point of view, second half of this year and really go into 2021, competitively we can take advantage of this situation.

we are going to come out much stronger than a lot of the people we compete with day in and day out. they're just not capitalized as well as us they don't have the geographics and the brand diversity that we have to withstand the pain everybody is going through this is going to be a painful process for our industry our industry is under attack it's nobody's fault, but just the reality of the situation >> it's not just painful in terms of business, you're taking part in the national day of mourning you issued a statement, taking a stand against racism why is it necessary to do, do you think? is it because saying nothing means that you're part of the problem these days >> i think that's right, jim i think as our country is basically being ripped apart by systemic racism, and it's resulting in too many instances of social injustice across the board. as a country, as individuals, as

a corporation, we need to do better we are by no means perfect we can do better we have representation through all groups working at pvh, but we need to do better we need to do better from a recruiting point of view, we need to do better from a training and development point of view, and we need to do better when it comes to representation at leadership management positions throughout pvh. we have embarked on a journey. i think you know me, talk is cheap. >> right >> we embarked on a journey that we're listening to our black associates, with our business resource group in pvh. we're meeting with them to better understand the issues that they're impacted by we have numerous inclusion and diversity initiatives throughout pvh overall, that's always been an umbrella for us, and clearly

this needs to be a focus area as we focus gender and sexual orientation and racial ethnic issues as well and get better representation in our executive ranks across the board we can do better and we will do better and over the next three mobl months, we will come out with meaningful targets and we will be accountable to ourselves and our stake holders to meet those targets in the future. and it's not bs, jim it's what we're going to do and what we're going to put forth. we just need to do better. >> i know it's not bs when it comes to you, manny. and i want to thank you so much for coming on "mad money." and thank you for explaining the world to us in many different ways always good to see you, sir. >> take care, jim. >> that's chairman and ceo of

pvh. what you have to understand if you are thinking of selling, you didn't listen close enough he's the survivor in the group so "mad money" is back after the break. don't miss my friend, scott, on this special night here's a look at what he is saying >> tonight at 7:00 p.m., a cautionary tale from the woman in charge of the texas county that's becoming one of the nation's rapidly growing hot spots. plus, concerns about a possible shortage of fruits and vegetables we'll explain why. and nashville's reopening hits a snag what the city's task force chair is advising officials. all tonight at 7:00 p.m.

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meltdown, we have to ask, how was it so easy to have so many sectors with so little capital first off, when you have millions of new investors coming in, that money is going to go somewhere, and it's not going to go into index funds. newbies refer to get rich quick. these new investors have no tolerance for high dollar stocks the aim of splitting stocks is over so amazon does a 10 for 1 split, money managers will pay the brokers ten times as much because of all the extra shares post split that pushed new investors into a cohort of low dollar amount stocks that can be pushed up when people buy en masse, at

once they love, love, love stocks under 10 easy to move these new buyers don't seem to know how to read a balance sheet. i saw this at goldman sachs. i remember one day i was dealing with a new hire and this person didn't know the difference between a stock and a bond we laughed but when you get malls of neophytes buyers that don't know the difference, it starts messing up the market. as new buyers crowd in, i'm not talking about market manipulation, i'm just talking about people trying to pick momentum stocks. and then try to get out. that's what drove the strength the cruise lines those stocks made sense if you ignored their hideous balance sheet. there are only three of them

the trifecta once the stocks got the higher dollar amount this week, the real sellers surfaced. all three stocks collapsed, down double digits today. i'm not surprised. they're not allowed to do business today no cruising until july at the earliest they gutted the airlines for similar reasons. the companies were able to take government money to stave off their own annihilation so the novices took over and the airline stocks roared. then the professionals realized the travel numbers weren't coming back, even as we reopen the economy. vacationers switched to cars and rv it's just not enough traffic now the stocks are going down as rapidly as they went up. if you have planes and people don't want to fly, it's like if you have cruise ships and people

don't want to cruise who wants to own a business without customers? again, they seem ready for america to reopen for business but we're seeing awful numbers the neophytes are running smack into real sellers who don't like the odds, which is how macy's and nordstrom's are all down double digits today. i can't blame the big dumb sellers or the little dumb sellers, business is bad retailers need to pay rent, interest on the net. and then the oils. many of these stocks had fallen to the single digits because russia and saudi arabia got into an idiotic price war the long climb back to low 40s created incredible short-term opportunities. that's why occidental and apache

became crowd favorites the price of crude is coming back down. too much supply again in the permian basin just turn the spicot back on the lesson over the last few weeks, live by momentum and you die by momentum. and if you bought these stocks last week, that's all you were doing is chasing momentum. there's more "mad money" ahead including my sitdown with the ceo. and then i'm getting a clear picture of adobe and all your calls in "the lightning round. so stay with cramer.

the markets have become a heck of a lot more fun, as major averages have had their biggest decline since march 16th take l 3 harris, created with l 3 technology last year, it created a major player roughly a year ago i started recommending this one, because it's involved in all sorts of high tech areas. intelligence, surveillance, reconnaissance, avionics, drones, all this stuff of modern day warfare. plus, i love the merger and i very much believe in management's ability the pandemic came along. and through the whole -- the whole world went into disarray

l 3 harris is in good shape. even as their tiny commercial aviation business is struggling. everything else, good shape. it's historically both parties love throwing pony at the pentagon let's check in with the chairman and ceo of l 3 technologies and get an idea where the industry is coming. mr. brown, welcome to "mad money. >> thanks for having me. >> when i look at the industry here, communication systems, aviation systems, aren't they really the pick of the litter of what a defense budget is about in the 2020 time frame >> you know, we certainly think so as a bigger company, l3harris, we're a bigger player, a broader set of missions and technologies, we're starting to see energy synergies coming

through. we have a great leadership group, dedicated employees, really focused on the mission. working hard through these unprecedented times in this pandemic i couldn't be more proud of what they've delivering for share holders. >> historically, we've seen republicans in favor of some big programs that involve massive hardware we see the democrats pretty mum involved in what you want in an election year. should our investors be worried that somehow that will change given the strange climate we have going into the election >> you know, look, jim, i don't think they should be worried in fact, we live in a very dangerous world. the threats are becoming higher, greater, not lower we see aggressive actions by china, russia, by iran, north korea. you know, those threats are out there. if anything, they're getting worse. what you're seeing in a defense budget is a pivot towards near peer competition

a way for counterinsurgencies the wars in iraq and afghanistan, you have to think going against china. it requires technology and delivering platforms to the fight. and they have to get connected they don't fight by themselves connecting those platforms means resilient networks, communications links, communication through jamming.cs all the things that are in the sweet spot of this company >> you are competing against china in a way it's not just who has tanks, it's not working hike that, which means you have to spend a lot of money in rnd. how does that hit your bottom line >> we're a technology company. 40% of our employees are scientists, engineers. i talk about us being a technology based company that sells into defense and national security market. the competition of the fighter, the war fighter of the future is

going to be based on new technology, which is only being developed today. we're investing almost 4% of our revenue in rnd in company funded rnd. it's the high point across all of the space we're leaning into this, because technology is going to drive the future >> so now you've been making these divestitures, which i like sometimes it's maybe better to be lucky than good you got rid of airport automation before the end of air travel >> airport security is a good business, but didn't fit well with the portfolio we're creating so we said we would shape the portfolio and focus on businesses where we want to invest our management time, our dollars, our resources and that's the path we've been on so we started very early we said we would divest. we're through about a third of

that, so about $500 million has been sold. two transactions have closed so that will happen of the balance of this year and into next year. >> would you ever consider getting out of the part that is commercial it did ding your quarter look, as someone who looks like pure plays, is it worth being levered to it? >> we're looking at all of the businesses that we're in, and taking a clear-eyed view of what businesses really drive value into the future. so you're right, we did take a hit this year in the commercial aerospace business commercial as a whole is only about 5% those businesses were down this year commercial aerospace would be down something like 30% to 45% this year. public safety down about 10% so we did see a step back in our top line growth, about two points off the top line.

so growing 3% to 5% this year instead of the 5% to 7% we targeted we're able to offset a lot of the earnings impact from that. through cost efficiency and cost synergy. and really it trimmed our eps by about 20 cents per share, which is less than 2%. so we were able to absorb the downturn in the revenue to better focus on costs. >> one last question on page 12 of your investor briefing, which was done in may, and things are happening so fast, i have to ask this you have a great chart talking about dividend increases, share purchase, is everything on the table now because of the way the stock market worked out? and something you put out on may 5th, let's say no longer is viable >> no, we're generating a lot of free clash flow. so we held our free cash at 2.6 to $2.7 billion.

we still see ourselves growing to $3 billion in calendar '22 through cost savings, through growth, working capital improvement and deploy most of that cash back to share owners so it's well capitalized no mention payments required in the next couple of years and we were focused on integration, divestitures. and the things that make this company better, so it gives us a lot of cash to give back to shareholders and share buyback so we said we would do about $2 billion a year in share buyback, we did $0.7 billion in the first quarter alone. we raised the dividend by 10% last year. so we're up 25% on dividend just since the closure eight or nine months ago >> okay. thank you so much, bill.

that's a great story glad to hear that and i feel like the commercial is under control. bill brown, ceo of l 3 harris. thank you for coming on "mad money. >> thank you, jim. look, is the dividend in tact growing, you have cash flow but you have the possibility, it is an election year, although his company is in a sweet spot for both "mad money" is back after the break. since my dvt blood clot... i wasn't sure... was another around the corner? or could things go a different way? i wanted to help protect myself. my doctor recommended eliquis. eliquis is proven to treat and help prevent another dvt or pe blood clot. almost 98 percent 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.

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to putting your true colors on display. okay, give it a try. between wisdom and curiosity, there's a bridge. between ideas and inspiration, trauma and treatment. gained a couple of more pounds. that's good for the babies. between the moments that make us who we are, and keeping them safe, private and secure, there's webex. ♪ ♪ beautiful. > it is time it's time for the lightning round.

[ indiscernible and then the lightning round is over are you ready, skedaddy. mark >> caller: hi, jim thank you for all the insight you've shared over the years >> very kind >> caller: and i've got a question about the raytheon technologies >> i'm glad you mentioned it this stock had been too high and now it's coming down it's at $62. i want you to buy in the 50s let's go to andrew in arizona. andrew >> caller: boo-yah, jim. >> what's happening? >> caller: i wanted your take on the howard hughes corporation. >> that's the real estate developing company the last thing i want right now is a real estate company caroline in florida, carolyn >> caller: hi, jim so good to talk to you thank you for all you do and i just have to give a big shoutout to my bracy for telling me all about you

>> they're in my camp. what's up? >> caller: my question is about leado's holding. >> it's interesting. i kind of like, but i got to tell you, no jack in new jersey, jack >> caller: hey, what's going on, jim? jim, gun sales in texas were up over 80% last month. talk about defunding the police. killer mike just wrote an op-ed where african-americans should own guns, and joe biden is in the lead to be the next president. we all know no one sells more guns in america than a democratic president what i want to know smith and wesson >> i'm not a political guy the stock is up a lot. i don't really have a wrap on it i just don't and that, ladies and gentlemen, is the conclusion of the lightning round. bile app bile 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. ♪ snhu let's you transfer up to 90 credits - [announcer] if you've tried college but never finished, toward your bachelor's degree. - [woman] it doesn't matter how old you are, you can do it. you can finish. - [announcer] finish your degree at snhu.edu.

a terrible, horrible, no good very bad day for the whole market, i think we need to circle back to the cloud based software play that is can thrive in the most difficult of economies. stocks like adobe.

this thing's been a juggernaut, even as it pulled back suddenly today. but after the close, adobe gave us results, reporting a solid quarter, 13 cent earnings, even as the sales came in a tad light, up 14% year over year and the outlook was a little weaker than expected you want a company that can grow at 14%, during the worst quarter in living memory that's why the stocks roared in after hours trading. let's dig deeper with the chairman and ceo of adobe. welcome back to "mad money." s >> thanks for having me, jim, and welcome to my house. >> a great nice, white look going there. and i tell you something, you got a great set of numbers i want you to talk to people about how when people hunker down and they go inside and they don't work at the office, they

go to adobe to be creative >> well, jim, i think you've always talked about diversity of our portfolio. and how robust it is, and how digital is only going to be a tail wind as it relates to companies that are able, whether it's helping individuals be more creative, helping businesses, as well as powering digital businesses through commerce. so when we look at our quarter, we had an extremely strong quarter. the digital media was a record, and as you pointed out among the worst macro economic situations of all time. and it just reflected how people have a story to tell they needed to be creative simply the working from home and shelter in place probably served as a catalyst for people wanting the best tools to be creative and productive at the other end of the spectrum, the conversation around digital at every

enterprise, because if you are unable to engage with your customers through physical means, tij tadigital is the onl way you can do it. if you don't have the website or don't have commerce, you won't be able to transact. we're fortunate. i have to say, our employees, the way they have aligned around working for home and maintaining their productivity, just makes me incredibly proud of what we were able to accomplish. >> do we have to worry as a country about the demand from small and mid-sized businesses waning because we know they hire people, and we know that they've been hurt by this pandemic >> jim, i think you always have spoken about how fundamental small and medium businesses are to this economy, and i agree with you while we are fortunate in that we have a broad spectrum of customers, from somebody who is a k-12 student to the largest

enterprise to the world, there's no question small and medium businesses are in many ways the lifeblood of our economy and having them be able to open up and get back to business is going to be important. we're lucky in that we're more resilient than most, but our hearts go out to them, and it's important that we think about how we can get them productive and how we can help them, you know, with whatever financial issues they might have in the short run. >> and i know you will do that it's funny, you put out a statement last night about listening, learning, and taking action in other words, it's not enough to listen with you and i never met gloria chen, i sure hope to do so but i've always said to people that you've got to listen to this guy, and what he's done is given millions of kids, regardless of their background, the ability to be able to show their creative side. you're listening, you're talking. but 30 million students at home

with the creative cloud is showing to me that you're doing. >> well, i've always said, jim, that i feel so incredibly fortunate to have got the opportunities that i have. and i think it was the emphasis, you know, placed on me as i was growing up by my parnls about reading, writing, and arithmetic today, if somebody doesn't have access to dij rgital literacy, you're going to be disadvantaged the rest of your life. so to be able to tell that story, to be able to share their ideas, to be able to collaborate, i think it's incumbent on every one of us, especially leaders like adobe to make sure that we do our part to help that next generation of education that happens and it's going to happen increasingly as you point out through distance learning. >> next generation tells me, and

my daughter says you have to tell him it's impossible to be a responsible person in their 20s looking for a job without being good at illustrator, photo shop, and light room that those are three things you must be fluent in to get a creative job in our country. >> we appreciate that. as your daughter points out, ilages, artwork and illustration drives the economy what's been particularly gratifying is how during this time, people have actually taken to creatability as a form of self-expression. jim, we did this online training, which allowed people to a product that we also have to participate with one of the greatest artists that we have within the company and it's sort of a draw along. and the amount of energy that

people have contributed to creating, when we did our honor heroes campaign, to honor those who put their lives at stake and were on the front line we said let's create a campaign to honor those heroes. and the amount of submissions that are coming from everywhere around the world, because they recognize what these folks are doing, it just -- that's the emotional connection, not only are we able to have with our customers, but that's what creative does for us as a world and as a society >> well, what you do impacts people instantly, whether what you just mentioned or you put out an app that my daughter was using this morning the camera app she said dad, it's an app. i said did you buy this teacher? she said no, dad, it's an app but everybody is using it. i said i don't know how you have the zit geist to have something

everybody is using >> everybody has alwaysknown the power of photo shop. we are like, why not bring that into the device that everybody is using to take all those pictures, which is a mobile device so whether you're on android or ios, bringing that power, it's also a new form of app that we have come up with, which is two distinguishing features. the first is the amount of artificial intelligence in that application that enables you to take better pictures something a lot of us will do. and second, for the community to participate with different kinds of lenses. so expect to see some really cool lenses that are being contributed by the community that will enhance the value of that particular application. >> well, that's why -- we can go over digital media and do the arr, what i'm talking about is the creative spirit you have is what is going to get your company through this, when other companies just don't have the

ability to be as creative as you are. thank you so much for coming on "mad money." >> thanks for having me, jim >> adobe is the real deal. i've been telling you about him ever since he changed his model back to when it became a model that's a cloud business. "mad money" is back after the break. knowing we're prepared for the future. surprise! we renovated the guest room, so you can live with us. oooh, well... i'm good at my condo. oh. i love her condo. nana throws the best parties. well planned, well invested, well protected. voya. be confident to and through retirement. can i find an investment firm

with a truly long-term view that's been through multiple market cycles for over 85 years? with capital group, i can. talk to your financial professional or consultant for investment risks and information. i like to say there's always a bull market somewhere and i promise to find it for you here on "mad money. i'm jim cramer see you next time.

restoring american business. good evening i'm scott wapner on day 165 of the coronavirus crisis tonight a reopening reality check. as stocks plunge and new cases spike. 6. >> we have a major selloff on wall street today. >> stocks tank. >> i think we're going to have a tough slug going here. >> investors hit the sell button as fears mount the reopening has risks and reversals. >> expect to see rises a