point. >> dan >> at son-in-law point, long the tlt, short the xrt >> guy >> snap suckers. >> thank you for watching "fast money" we'll see you back here tomorrow at five anmemad 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 trying to make you money. call me 800-743-cnbc or tweet m meme at at at

the averages pulled back this afternoon with the dow sinking 170 points, s&p shedding .6% % and nasdaq advancing the companies that help you deal with post covid reality take it in stride. analysts finally realize people are investing in homes like we haven't seen since the financial period or maybe a whiff of paint and stanley black and decker moving power tools or mortgage numbers. lows hit a new all-time high $4 just like that and you can get this stuff this is not exactly rocket science when you're stuck at home of course you spend money on home improvement it's a capital, not an expensive when uncle sam writes you a check for $1200. we're in an old enough to repaint moment you buy the stocks of lowes or home depot

you can't go out for anything. movies, no, sports, concerts, nothing. everything is cancelled gatherings are too risky you stay at home and get a cheap firepit, light up the kings ford, clorox product, wipe down the chairs with cclorox, can you go anywhere without these now? i can't. and have friends over for a sing along. siri play "rocky mountain high." siri, play "rocky mountain high." you know what you have to do i forgot siri, play "rocky mountain high." that's what we do in our sing alongs i play it on siri and bill who is the guitarest, he plays it and we get it going.

okay how can you not like that? who does not like -- does anybody not like john -- this crowd says no. all right. i like it. anyway, date night date night what is date night you stay home and cook, maybe using ingredients from campbells soup stop laughing. we've been making stuff with this cream of mushroom you think you -- or how about general mills? i've been eating these things. you know what? they are not good for you and we have -- look at this beyond meat. this stuff is dynamite i'm not kidding. it's going so it's not bernadette all right. or at least not exactly. what are you going to do all right. what are you going to do at this time other than these kinds of things maybe pick up a ten-pack of that beyond meat and bing watch whatever the netflix algorithm

picked out for you alone? gaming time. have you tried call of duty or grand theft auto how about the next day after all, we have a lot of time to fill. at work every day is tuesday is today tuesday tomorrow is tuesday. every day is tuesday but, you know, on the weekends, you can garden i take pictures of bees. imagine, yeah, the secret life of bees, man i'm almost ag business now maybe you're like me and go out at the 18-foot whale and go boating and fishing. if you can find a whale, they are sold out you can't -- go buy some stock they are crushing it this is the first recession where the boat stocks are red hot. unless you buy a yacht, you're probably going to spent a lot less on entertainment than before the pandemic. there are only so many things you can do for fun right now and most of them aren't that expensive. travel is out. you really want to take a

flight, you know, someone's head is back there and arms until they can do a pcr test with instant results, i'm betting most people don't feel safe boarding a plane. you can fly first class so you're not packed in like sneezing sardines but there aren't that many first class seats and it cost a fortune. i want to go to italy and i hear they will soon offer on the spot test but coming back, i'd have a two-week quarantine at home. hey, i'm cramer, this is my house. you like my fireplace? want to see my mom's abstract sculpture? no air travel is too much hassile do you want to stay in a hotel who knows how long the virus stays on these surfaces? i read five different versions of what stays on and when. you're putting your life in the hands of housekeeping. air be, abn airbnb, yeah that the off the table

rent an rv and clean it up with wipes, clorox again and jazz it up and marcus is joining the camping world, get a tent and do glamping with the economy reopening, the pandemic is changing the way we live our lives and will change in forever even if we get a vaccine, another example until we get a vaccine, go into a restaurant means going through the drive-through window or setting off contactless hand off into your trunk you'll be bragging about to your friends. i'd love to do this by bike but forget about it. demand is off the chart. many are moving manufacturing out of china if your restaurant can't turn from just takeout, they are gone you can't run a business with half your tables, half revenues but the same number of employees and same rent payments don't be silly same for the bars. they will be gone. only the big boys have the ability to survive a couple try

months with minimum sales courtesy of the lockdown your independent merchant are a foreclosure waiting to happen. it's okay. they can try to augment their income through a shopfy store or facebook and sell something clever on etsy but in most cases, it won't be enough. insurance, many businesses are headed to, small business unless we get a vaccine i'm not trying to paint a totally grim picture here. it's not post apocalypse there is a lot to like about the new normal there are sing alongs outside, some of my favorite times i have ever had. i love the music siri, play neal -- you know what i mean i love the burning king s fords. i don't know i wouldn't use it. is there another charcoal company? i love the air i love the space i love the stars i take pictures of the moon on the new iphone and it comes out.

i can't believe how much fun it is to be around other people, even if i'm six feet from them it safe outside, too whatever they have that comes out of their mouth doesn't get to me. but i'm tired of listening to these economy eists that seem confounded how little debt is taken down and so few credit card defaults and savings. it because there is nothing to do those vacations that you save forever to pay for, they're not happening. the restaurants that used to blowholes in your bank statement. they are history the cross country visits to friends or family, say hello to zoom the only people i know who are living their hold lives are those who had covid and recovered. sometimes i think we're pretending are they going to put thousands of people involved in the nfl under quarantine for the entire season not just 53 player ouns on the roster, they have coaches, assistant coaches, are we sticking to the whole nba and

disneyworld? vegas? is the nfl going to find fantasy island and play games? this seems crazy it's the only way to do this safely you contest the morning of the game but without quarantine, someone might come down with the disease during halftime. we don't know when you get it. as far the fans of course we can't let us watch in person what happens if the person sitting next to you four hours screams his or her head off. if that person has covid, i guarantee you have it the next day. the bathroom line, risky before the pandemic bottom line, many believe these themes are a femoral lowes, thor, camping world, not true now they're realistic. they are longer lasting. i expect this to be the new normal for the rest of the year, maybe longer that's why these social distancing stocks have become some of the best investments around

i think they will stay that way until we get a vaccine joe in new jersey, joe >> caller: hello, cramer love your show and i watch you every night. >> thank you, joe. >> caller: with at&t cutting 3400 jobs and shutting down more than 250 stores because of the coronavirus pandemic, should i consider buying it >> i think that they're doing the right thing. i think they they hat they had h flow i think they are being very aggressive because they have a hedge fund breathing down their neck i'm okay with it i prefer verizon, that's what my travel trust owns. let's go to brett in extexas, brett? >> caller: how you doing brother? >> i have my ups and downs i was supposed to say fine but i gave him a real answer. >> caller: i'm paddle boreding

on a yacht in texas. let me ask a question really quick. >> absolutely. >> caller: i have a heavy cramer covid-19 portfolio and i'm looking to get a bit more diversified as the economy reopens. so you've been a fan of wings casino in china. with an uptick in covid-19 cases in china and it continuing usa china tensions, are you recommending them as a buy -- >> look, matt, it's going to beat this. he's going to come through this and there will be gambling and he'll make the most money and i think his plan would actually make me feel safe gambling there. i like to play cards very much, and what he did, his -- the way he showed me that we would be safe, i'd play cards there, no problem. ♪ ♪ >> siri, play "west virginia." "mountain mama."

take me home this is it we are home. this is the new home invest in the new normal with things i just told you about guys, no longer a femoral. it's the real deal we just don't want to admit it on "mad money. can union pacific keep chugging along? then, it was a royal welcome for royal royalty pharma yesterday is it worth considering? i'm giving my take on the newly minted company and next door a slate of services to help local businesses connect with their communities. don't miss my sit down with sarah fryer. find out how she's helping neighborhoods around the world and doing it in a very, very nice and courageous way so stay with cramer. >> announcer: don't miss a second of "mad money." follow on twitter.

send jim an email to madmoney@cnbc.com or give us a call at 1800-743-cnbc. miss something head to mad money cnbc.com you doing okay?

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when we saw that phenomenal retail sales number yesterday, it made me think you got to own the rails. this whole industry is a perfect proxy for commerce and with commerce coming back, you have to believe cargo is coming back, too. in late april they reported a resilient quarter because precision railroading initiatives allowed them to cut cost

we realize the world wasn't ending, the stocks started roaring and came within spinning distance of the all-time high and got some not so hot rail traffic data last week and covid cases started spiking. union pacific is down 16 points from the recent highs so could this be a buying opportunity of the great railroad, maybe the best way to invest in return of american commerce? let's take a closer look with lance fritz, the president, chairman and ceo of union pacific. he has a clear sense where his company is headed. welcome back to "mad money". >> thanks for having me. a pleasure to join you. >> i'm beginning see green chutes phil lebeau says the numbers turn up to not that much down from last year that is very, very important housing numbers because you move a lot of wood. nine straight good weeks of mortgages. are you seeing the green chutes that i am? >> jim, i am before i get to that answer, i

also want to start with just a shoutout to my employees and the excellent work they are doing keeping themselves, each other and their families and loved ones at home safe and healthy. so they are doing a tremendous job supporting the economy as you point out. i'm seeing the green chutes. we're seeing it in the automotive industry and housing and in grain through the u.s. china phase one deal, and i'm seeing it a little bit in construction of things like road projects and rock. so across our markets, we're seeing a few signs of optimisop >> is it possible, lance, because you've become such a great operator that even with a little bit of more business that it could fall to the bottom line and make it so the comparisons won't be as tough? >> yeah, jim, there is no doubt that with our current operating ratio in the first quarter, we had the best margins in the industry there is no increate

l value creates the margin it fund mentally shifts the playing field. we can now compete for business that looks attractive us to at pricing that two years ago didn't look attractive it really opened up markets for us. >> can it open markets for things like e commerce or is that too small for you >> shoot, our parcel pbusiness i up strong double digits, we're seeing the e commerce demand flow through to our rail business. >> i did not know. it's fantastic at the same time we know energy went down to minus 37. it come back a little. you have energy exposure you also have some coal exposure how are those two cargoes? >> so coal is in long-term sec cue l -- sec cue lular decline

if you compare to 15 years ago, we're down two-thirds. it looks to be steady. it will grow or shrink with weather and competing fuels and the impact on things like natural gas pricing. but in the long, long run, i think that that's a piece of business that probably is in long-term secular design we see in the energy world things like wind turbines, equipment being shipped, we see some l and g going in and out of storage, lpg we also see petroleum and petroleum products, refine products that we ship. a lot of that is being shipped into mexico right now. >> but let's talk about this plastics business because you are smack in the middle of it. last time of year we talked how good they are building so many plants, now it's starting to come to fruition is america going to be the capital of this business in the way that china used to be?

>> i'm telling you, it is. if you look globally, the united states is now tending to be the low cost producer for plat tist. there is an exception. sometimes you go to the middle east and find facilities where natural gas as a feed stock is literally free but if you set that aside with that, the quite is exceptionally competitive globally and it's producing more than the united states can consume, so it's also helping the trade balance and we see that in a product, you know, as you know, we've got a wonderful gulf coast franchise and we're taking plastics from the texas gulf coast louisiana gulf coast moving to dallas to a facility where there is international boxes that are made empty filling them with the plastics and then shipping them off the west coast back to asia for consumption. it's a wonderful model. >> that is very, very good and not -- not there five years ago.

how about if we got an infrastructure bill, the roads would be better and that would compete with you more but you have a great business. is that a great advantage that the roads are crumbling? >> absolutely. you hit it on the head the beautiful thing about rvs and taking trucks off the highway is one, we are far more carbon efficient and fuel efficient. four or five times as much and two, you don't have to rely on the highway trust fund to fund. >> referee: -- railroads we own our railroad right-of- y right-of-way it's free to the american public to bring it onto the railroad and better for the environment >> the analysts aren't speaking about mexico and we're coming up with something much better than the old one. what does it mean for union

pacific? >> usmca goes into force on july 1st, and our perspective of the deal is that the u.s. trade reps office and bob specifically with his counter parts in canada and mexico have negotiated a much better and enhancement to the nafta deal for us, it means the link, the supply chain between the u.s. economy, the mexican economy and canadian economy are going to continue to grow and become more and more powerful and we as a trading block are going to be much more competitive globally it just a home run it's a big win for the u.s. economy. >> one last question, i know you had to and this is not what you want to do you had to, i'm going to say furlough, not close three different facilities when i listen to you, lance, i think it could be month by month. maybe we see those places open by year end. >> yeah, jim, so the fact that volumes off so much for us means

that there is less work in our front line whether you're running the trains, fixing the railroad, fixing the cars or fixing the locomotives we've had those jobs decrease. we had to furlough employees out of those jobs. we've done a tremendous job of sharing the burden across all employees. our management employees are for the months of may, june, july and august having to take one unpaid week leave of absence ever month and our executives and our board have taken a 25% pay cut. the whole idea was to make sure we maintain the flexibility to have the work force we need when the economy comes back but be prudent andreact to being down 25% on volume. >> well, lance, thank you so much great to hear some optimism which is justified by facts, not by fiction always great to have you on the show thank you so much, sir. >> thank you, jim.

real pleasure. >> that's lance fritz. i wish my travel trust owned this stock there is always a chance stick with cramer.

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♪ y-yeah ♪ ♪ yeah ♪ hey, hey the ipo market is making an incredible come back and you know what is this that's fantastic. six months ago i would be appalled at red hot initial public offerings today i'm thrilled why? this is the beginning of a brand-new ipo cycle and they are cycles they come in waves there is a pattern by late last summer, the investment banks were flooding us with fresh faced stocks with increasingly bogus companies, a lot of chinese one as it has blown through the good ones and that's how the cycle works and try to entice investors with

high quality merchandise that they price at bargain basement levels for example, zoom video became public in 36 last april and spiked to 65 two months later at 100. they are trying to lure you back to the stock market. they are also so many different privately health companies they can under price. eventually, they run out of quality inventory and sell you less enticing merchandise as marked up levels like last fall when you got deals like smile direct club. competitor invisilign and falling below ten two months later. very competitive industry before the pandemic, why would you want to knock off to invisilign finally, investors get sick of this garbage and the ipo market

shuts down last year the final straw was we work and the much-hyped office space run by a wild man who was a blast to be around but apparently too much to be a ceo. the flow of ipos slowed to a trickle. with the market roaring over the last couple months propelled, wall street has an appetite for ipos and they turned the speck -- hose back on we have the first cloud based software of the year and shift four payments, a financial technology that played out of the gate he's making money hand over fist here last one, vroom for cars and sustainable building products like cavana.

all. then yesterday morning we have the biggest deal of the year, the one i really want to talk about, we have royalty pharma that sold $2.175 billion and spoke on squawk on the street yesterday. i like him he told a compelling story in a nutshell it not your normal pharma company. they don't run your own research development labs and promising drugs in the pipeline and invest in those drugs once those compounds hit the market, they collect payments, hence the name it been around for awhile. i want you to think of royalty farm pharma as a hedge care, one with a phenomenal track record. this is the stock that works in good times and bad which is why it exploded higher out of the gate they had to increase the size by 10% because there was so much demand even then royalty pharma priced at $28 for shooting up to 4 4.50 by yesterday's close and tacked

on another 9% deserving. i wish you got a piece of this but probably wouldn't have got it anyway. the story is so compelling it's worth putting on a small position here and then if the stock cools off, you can back up the truck and buy more what makes me say this well, because it was explained yesterday, we're in a golden age of medical research. this plows through $300 billion a year and a third of that from governments and non-profits and the rest from business why don't you listen to this this tells you how they do the thing. >> what we started to do is to fund research of products in the hands of the biotech companies, this incredibly nimble companies that have got funded by venture capital funds and use that money to fund the early stage of the trials phase one, phase two. when you get to phase three, that moment we come in. >> that is a brilliant strategy.

come in when the drugs improve themselves but still one more incredibly expensive hurdle, phase three and developers need cash to make the job because only huge pharma can get past this stage alone that the a gigantic amount of capital. with a company like this, you're betting on management's ability to pick winners. when you look at royalty pharma, they clearly have the mitas touch. they are a stake in $22 billion drugs and seven drugs and they spotted them ahead of time i've been recommending for ages because of the cystic fibrosis and royalty pharma owns a part of that trust. how about the big blood cancer drug and gilead's hiv, onology, diabetes, pain management, migraines according to the drug biohaven, i bet they get a bid

it's so good and tastes good don't worry, i'm the chief spokesperson for the american foundation i can say stuff like that. put it all together and royalty pharma seeps like the perfect way to play with the same upside that were speculated in the smaller players but less risk because the portfolio is diversified. it better than some stupid brain-dead etf it like the hedge fund that invested individual drugs and long track record as their older drugs go, newer ones make money. i asked about that biohaven approved migraine treatment. when it comes to this business, there are some i'm may tomitati nobody comes near. since founding in 1996 they spent $18 billion, closer to $2.4 billion worth of deals. unlike most ipos, the incredibly profitable and consistent revenue growth and pay a dividend although because the

stock runs so much, it will be yielding 1.2, 3% that the still astonishing for something that only became public yesterday finally, this deal is backed by general atlanta, the legendary private equity fund and we've done very well when they've done very well. of course, royalty isn't perfect when one of the contract expires or a drug is off patient, the revenue can get choppy in 2018 and pfizer's lyrical my main concern is the stock the things from 28 to 15 in the blink of an eye. unlike most ipos, royalty pharma is easy to value before interest, taxes, depreciation, it sales for 16 times that in the ballpark of

the animal health play i like so much and more pricey than regeneregene rr regener on which i believe will solve the pandemic the bottom line, as the new ipo cycle gets going, the brokers that like to put their best foot forward, that's royalty pharma i like this one. it's worth putting on a small position up here because the long-term story is compelling and perhaps it comes down, remember, the winners are the ones that are early in the ipo shoot. the losers we're going to flag for you and those investment bankers, they're going to have to pay because they are going to look stupid. kevin in new jersey, kevin >> jimmy >> yo, yo. >> caller: i want to ask you about warner music group since

you're talking about ipos. >> yes. >> we seen them take off as soon as they launched their ipo the music group is modest with slow gain. what are your thoughts >> i think it's going to be okay it's not my favorite of the ones that have become public. i like royalty more. it been a good one but if i owned it, i would half and then let the rest run thank you for the jimmy chill. my wife is so sick of jimmy chill, she said that's another way for people to tell you horrible things about what you've done at every turn of your life since you were born or before then. i think the brokers are going to be all over this royalty pharma. it a compelling story and i like it on a pull back but okay to do buying now next door, after criticism after ratest moderation systems, the private players are reshaping policies on how its

communities discuss racial justice and doing testify r ingc things for business. coronavirus cases set a record in texas what does it mean for the market i'm offering my take and tonight's edition of the lightning round so stay with cramer

if the border economy comes back to life, small businesses are in trouble many smaller operators face a choice, go digital or under. fortunately, there are a ton of companies that will help you make the transition. seems like everyone with a social network wants in on the action take next door the social networking platform.

here is a company having a big moment thanks to the lockdown. earlier today they announced a slate of new services to help local businesses connect with their communities. it makes a ton of sense but don't take it from me. let's check in with sarah fryer of next door and find out more welcome back to "mad money". >> thank you, jim. great to besarah, you know we a family and neighbors are all, all big fans of next door. i beg you to give us a chance, small businesses to give us a chance to sell our wears or show them off it sounds like you're doing it. >> we always listen. when customers speak, we're right there for you. you're right clearly, it's been awhile since we lost spoke, a global pandemic that made next door incredibly relevant usi usa ge was up 80%. next door has a role with the social crisis, bringing people

together with different opinions but make sure there is no place for racism on the platform like next door and a financial crisis at a local level where local businesses have seen theirly dir they want to be able to speak on next door to their best customers, their neighbors historically, we haven't allowed that to happen we didn't want to overcome me l over commercialize but feel we can make it work for businesses to have free business postings, free page, a local deal, and of course, a dashboard that will tell them how their marketing is doing. and we know that neighbors are listening. they want to help those small businesses survive and thrive. >> okay. so i call my manager when i see this today and i say, listen, i want you to go on next door and tell people we are alive we are in business remember, in phase two in new york, so he did not know it. i said listen, you can get started this way

what are the tiers that we can use to get things rolling here >> yeah, it's great of you to ask. first of all, go to next door.com/local business and you'll see a way to get your business page up and going that's the place you can talk about your business, some great photos and in your case a menu, maybe your delivery options and then from there get going with business postings. so as you're pointing out, i think what businesses get when they come to next door is eff t effecti effectively, they're immediately in front of all of their neighbors. they don't need a follower ship. my local hair salon showed me her great instagram page and it's beautiful but she only has 35 people following her. on next door that content will go to 70,000 people in her neighborhood and nearby neighborhood so that instant distribution second thing is, these are verified members, people that live around you and finally, small businesses have so much what they need to be saying at

the moment shelter in place means conditions change daily or weekly so they need to be posting about are you open, are you open for delivery, for pickup what's the way you allow people to shop safely with ppe or do you have to wear a mask? do you need workers? are workers out there needing work there are messages that we think make for really interesting content on next door and over 70% of the neighbors say they want to shop more locally and they understand that they need to put their dollars to work locally so this is a great way to bring those connectors together. >> it's incredible as a small business person, my wife is the manager of one i said when will sarah give us a chance we had good comments i like something else. our mutual friend mark said over and over again there is no room, no free speech for racism but there is other people that think maybe they either want to look the other way or afraid it might cost too much money to stop it

but you took it head on. tell us about that. >> yeah, i think it's the only way. we all need to be on the right side of history. there is no place for racism in our world as individuals, as communities, as neighborhoods and definitely not as businesses so we want to unequivocally state there is no place for racism on next door, no place for harassment or hate speech. that said, we know we have real work to do so we have been working on this for many years we work with many partners we have some great advisors on our neighborhood vitality advisory board but there is still more work to do. we want to also step up to the plate on that front, too. >> so how can you determine what one person's racism is to some other person's choice? >> yeah, well, some things are very explicit and can be taken off the platform in other cases, it is about perspectives and next door is there to bring together people that have very diverging

perspectives and to talk on what we see is when those conversations start to happen, people perhaps start to find common ground. right now, i think we're all in the business of educating ourselve ourselves, particularly those with privilege and what better way is by hearing those perspectives that's what we're trying to do as we bring the platform to bear in terms of this particular society crisis, too. >> i want everyone to go to next door which is heather gains, one of our roducers, we talk about it we live by it. my wife is so excited about this lisa said finally, she's a big fan of yours, obviously, but not northern irish and feels this is our chance as a small business person to be able to connect with the neighborhood and to tell people we didn't close. that's what we really need to do sarah fryer, ceo of next door. thank you for being on "mad money. always good to see you. >> always good to see you, too. you got to stick with my

buddy sarah eisen who had great comments today i hope you listened. she does not toe the party line and here is what she has on tonight. >> tonight, at 7:00 p.m. a cautionary tale of one town where businesses now need to close again after employees test positive for covid-19. plus, doctors in l.a. are urging the state to reopen surge centers. see why they have good reason to fear the worst and what's it like to go to the dentist these days all tonight at 7:00 p.m. we can't wait to get you back so we've added temp checks, face coverings, social distancing and extra sanitizing to get the good times going again. we're finally back... and can't wait until you are too. 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.

try nature's bounty sleep3, professional or consultant a unique tri-layer supplement that calms you, helps you fall asleep faster and stay asleep longer great sleep comes naturally with sleep3. only from nature's bounty. 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.

it is time, it is time for the lightning round. buy, buy, buy, sell, sell, sell. and then the lightening round is over are you ready ski daddy? time for the lightening round. ben in delaware, ben >> caller: hey, jim. love your show. >> thank you. >> what do you think about six flags? >> no, you want to be in cedar fair brian in new jersey, brian >> caller: boo-yah, jim. how are you doing? >> doing well. how about you? >> all right very good. quick question i'm in this draft kings 28 i like the company but i don't know if the thing is going to run up what do you think? >> you're in 28. let say we're gamblers, okay we know we want to take some off the table so we take some and let the last -- we let the rest run. what we do with the table, we do the same with draft king

jerrord in connecticut. >> caller: how are you doing >> good. thank you for everything you do. appreciate that. what are your thoughts on stm? >> very good company i like the semi conductors and analog and qualcomm and spm micro. let go to tim in connecticut tim? >> caller: hey, matt, i mean, jim. my son matt is just getting into investing and i tell him to listen to cramer. >> i like that kid yeah >> caller: we like your hold or sell advice on a long-term called old republic international -- >> buy 5% yield, very well run company. i think that that's a good-bye i think old republic has been around forever very well run. let go to brittany in michigan, brittany >> caller: hi, jim i'm a new caller my husband and i love your show. >> thank you >> caller: i just wanted to know

your opinion on buy back >> i think we're late to it. that stock had a huge run. i feel relate to it and need a pull back. ed in florida, ed? >> caller: big boo-yah from south florida, jim. >> nice, what is going on. >> caller: i've been watching your show since the inception and i want to thank you for all you do for us. >> thank you, boss really appreciate it thank you. >> caller: you have a heck of a team you guys are really, really great. >> team is fantastic team is fantastic and it's been tough because there is very few people out here at once. a very tough time to do the show it's not fun but we try every day very hard. what's going on? >> caller: well, i'm very much interested in this one stock i did buy some shares several weeks ago and i'm not sure if it's still a buy or not. this stock is called novavax. >> i had them at two, four, six,

eight and you have to take your principle out tomorrow morning let the rest run but play with the house's money and that, ladies and gentlemen, is the conclusion of the lightning round. >> announcer: the lightning round is sponsored by t.d. ameritrad ameritrade this is totally customizable, so you focus only on what you want. okay, it's got screeners and watchlists. and you can even see how your predictions might affect the value of the stocks you're interested in. now this is what i'm talking about. yeah, it'll free up more time for your... uh, true crime shows? british baking competitions. hm. didn't peg you for a crumpet guy. focus on what matters to you with thinkorswim. ♪

what did you expect? that was my first thought when i saw that texas had an 11% spike

in covid hospitalizations. 275 more than yesterday in the hospital with this thing and that is horrible the good news, we know a lot more about this virus than a few months ago when the northeast got hit with a tsunami. in march we thought it was a respiratory disease like sars. turns out it's a vascular disease. we just learned that a common stero stero steroid dexamethasone can treat it we didn't know something this obvious hadn't been tried yet. instead we spent way too long chasing our tails with this hydroxychloroquine because some discredited french study and adoption by our president. i think this new spike in hospitalizations has to do with the brutal misunderstanding of this pandemic. a lot of people seem to think their immune because they have got grit believe me, the virus doesn't care how tough you are it's incredibly contagious

if you're inside with someone who is sick, you need to stay six feet away from them and hope that person is wearing a masmas otherwise tag you're it. speaking of masks, you don't wear them to protect yourself but other people because you might be infected without knowing it i lead my life like this so does everyone else i know in new york we don't socialize inside anymore. we're always outside it's much safer. we seen enough death to know better everyone seems a little behind the curve of this thing. i wear a band because my temperature was normal thi morning but i wear a mask anyway because by the time you have a temperature, which is what the band shows, it's too late. you can spread covid even if you don't have symptoms so you always need that mask. remember, it's simple math masks aren't perfect but if everyone wears them, we can stop the spread in its tracks and keep it relatively low until we have a vaccine you want to avoid a second lockdown wear the darn mask and convince everyone else to do the same

unfortunately, have a live free or die culture in this country and a lot of people are choosing the former and getting the latter because of the stance if you follow me on twitter, i'm asking about masks in the state of play. our case load is down in new york because the city only came out of lockdown last week and in part because we treat social distancing like a religion and the mask is our gospel where i live, you can't go into a store without a mask, no mask, no service i don't want to go into a store without a mask i fear being sneezed on or coughed at i know you catch covid by droplets that land on you. the closer the contact, the more you get sick so being in a packed crowd is morre risky than waiting in line at a grocery store. it's a numbers game and i want to improve your odds, especially i want to improve my odds, that's why i like costco's policy you need to wear a mask no matter what my twitter feed is filled with people heckled or ridiculed for having masks on again because of the stupid live free or die

attitude the federal government did us no favors and insist you didn't need a mask early. two days ago the surgeon general said they are worth wearing, thanks pal i don't think the president will be caught dead in one. to me, not wearing a mask is totally selfish. the whole point is to protect other people it just common courtesy at least until we get a vaccine that the why costco's monthly numbers are up big plenty of people won't do the mask policy, loats more are willing to endure it paper towels and power tools aren't worth dying for if these hospitalizations numbers keep claiming, you'll all want masks this has nothing to do with live free or die. a face mask is not the hill you want to die on and i'm determined myself if i have to to get the best one made for you. it's come to that and i'm going to do it stick with cramer. 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. ♪ yeah ♪ ♪ y-yeah ♪ ♪ yeah ♪ hey, hey wherever you make go, lexus will welcome you back with exceptional offers. get zero percent financing and make no payments for up to 90 days on all 2020 lexus models. experience amazing at your lexus dealer.

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. siri, play "rocky mountain high" by john denver see if it works. all right. nothing is perfect no, there it is. we got it going. yeah, another good day for the market there will be more ahead i like to say there is always a bull market somewhere and i promise to find it for you here on "mad money. i'm jim cramer see you tomorrow

i'm sarahize evan on day 117 of the coronavirus crisis. tonight, stopping a new bread of covid 1 and will it be enough to stop a larger outbreak >> cases in the rise >> us opening up early and moving on from the problem before the problem has moved on from us. >> how to prevent the spread doctors in l.a. are calling for the state to reopen surge hospital