Skip to main content

tv   Mad Money  CNBC  June 25, 2020 6:00pm-7:00pm EDT

6:00 pm
>> guy adami >> mel, i'm not a fan of rosemary, the spice, not the name, by the way one man's pleasure, another man's pain comes in the form of snap versus facebook. >> all right. watching we'll see you tomorrow at 5:00 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 >> is this market really as simple as it looks covid cases up, well, then, by the cramer covid-19 index. the stocks that do better when
6:01 pm
the pandemic is raging works like a charm can this market really be that binary can it really be that stupid to borrow a line from that masterpiece of english literature, this is spinal tap, it's a fine line between clever and stupid [ drumroll ] the dow only gained 300 points, the short answer is, yes, it really is that simple. when texas was forced to pause its reopening plan because of record covid infections, a m suddenly the stay at home stocks came back in style i guess the virus didn't get the memo about not messing with texas. many of today's winners were the usual suspects that benefitted from the pandemic. plus the oils and the banks, though that was a femoral, given
6:02 pm
everything was -- stay away from the banks. any way, before we get into the specifics. how the heck can this market rally on truey terrible news we have a horrific outbreak in the sun belt, we hit a new record for covid cases yesterday. the virus is back in exponential growth mode. the human cost could be enorm s enormous there's also a financial cost, not the same as the loss of life, but the stock market is focused on money if texas can't reopen, doesn't that mean the market needs to roll back those recent gains when the outbreak is sweeping across the southwest, don't we need to get more negative? disneyland is still waiting on the state of california to give health guidelines. isn't that horrible, especially because it's a big capitalization dow stock why the heck did the market rally today? shouldn't the averages be rolling over not so fast. this is what i've been trying to explain for months the truth is, we've been through
6:03 pm
this before. and we know that lots of stocks benefit from the reemergence from the stay at home economy. there are a hundred companies in the cramer covid-19 index. i used to call it the cramer 100. any way, collectively, the stocks are worth now $12.2 trillion, up from $11 trillion when we put this together in april. the index is stealing money from all the other stocks this is the cramer covid stock index, and this is the stock market this is what they all tell you, the people that come on tv say you have to own this i don't know this is doing better before today's bank rally, fueled by the regulators, as
quote
6:04 pm
well as the cost of oil. but let's go over why they work on days like today so you understand, and to stop buying penny stocks if i had been the signatory, would you have signed it first, there's a whole host of companies that make more nony during a major outbreak. we heard from mccormick, the maker of spices. and the results were extraordinary. these guys earned $1.47 per share. simple story, when you cook at home, you need spices and seasonings i blanket everything with the stuff. and social distancing means a lot of us are cooking at home. i hate it, but i let the dishes pile up until the end of the week no one is yelling at me. it's great it's not just stockpiling, which they saw at the beginning of the
6:05 pm
quarter. mccormick points out they saw strong consumption as the quarter progressed the consumer numbers were so fabulous, they easily offset the losses of the restaurant business mccormick is a winner where covid is running rampant same goes for clorox this is it, man. don't even try to pry this away from my cold, dead hands that's usually said about guns you cannot beat blech when it comes to killing the virus i know if you take this, i see it, okay the failed reopening in texas still means one more day where you're going to have trouble find this. i check for clorox disinfecting wipes on amazon every day. and you know what it says,
6:06 pm
currently unavailable, we don't know when or if this item will be back in stock amazon has everything! plus, the safe place to entertain right now is outside, and that means cook outs the internet is the only place to shop during lockdowns, so people go to etsy and facebook then there's the next component of the covid index, the work from home stocks that includes all sorts of cybersecurity plays. crowdstrike, zoom, shopper how can i help you and yes, nvidia, how much i love nvidia the tech stocks, it took them a
6:07 pm
while to get rolling today but, well, amazon, apple, microsoft, alphabet, they all work here. and they gave apple a $2 trillion market cap share. try to temper it a little bit. facebook is now facilitated for small businesses google ads are there amazon, amazon so even with all these covid winners, how can the market rally when so much of the economy is threatened by this outbreak aren't we a service based economy? honestly, in a normal environment where we just let the economy happen, so to speak, the stock market would have collapsed today. but the fed is determined to keep rates as low as possible. if a company doing fine before the pandemic is now in trouble, expect them to be bailed out they won't save businesses that were already circling the drain, but large companies struggling
6:08 pm
only because of the virus, they'll be okay. the fed and treasury will make sure they'll survive i know you're having a great time, but i like southwest if we start seeing hotels come close to insolvency, the good one also be bailed out and if you lose your job, the government is giving you an extra $600 a week. it's why the poverty rate has gone down since the recession started. greatest recession of our lives, the poverty rate is going down if congress is smart, they'll extend those benefits. i know the republican leadership is resisting another stimulus package, but if they want the president to get re-elected, extend those benefits through november 2 am i saying the whole thing is rigged no but the covid winners are really half the size of the s&p 500 and throw in some good news
6:09 pm
about the oil. let me give you the bottom line here, i'm not saying that bad news is good news or i'm not saying don't take something off the table. but if texas had done a better job managing its reopening, maybe the market would have gone down today, led by the cramer covid-19 index all hundred of them. that would have been don't mess with texas move. instead, we got a don't mask with texas rotation. zach in texas, zach! >> caller: boo-yah from dallas, texas, jim >> yeah. i never say this, but i hope we play the cowboys this year >> caller: i hope so, too. i say it emphatically when i say this, we appreciate all you do for us small investors we are sitting on a speculative stock, that is a spinout from a company, something you talked about in detail yesterday.
6:10 pm
the stock i'm inquiring about is virgin galactic. >> you know, this is one of the most speculative stocks in the world. but i will say this -- there are people -- if i were very young and i wanted to buy like ten shares of something crazy, i might go for this thing. it's not for real. let's go to elliott in new york, elliott. >> caller: jimmy, how are you? >> jimmy's doing well. i'm jimmy, king of the chill tonight. >> caller: i wanted to give a quick shoutout to gna and thank for your advice to take profit like today >> never going to hurt you >> any way, i wanted to chat about a company that had a $1.2 billion pipe transaction, and has $2 billion in cash 7% of its revenue is air travel,
6:11 pm
70% coming from lodging. recovery data tells us it's up 4.6% the company is paying particular attention or focus to its dr deal business, which allows consumers to rent homes directly, permitting them to get to their staycation destinations without flying or floating in addition, the company is wrapping up their other offerings via local things to do section and enabling consumers to book -- >> all right, all right. >> caller: the stock took a big hit. you know that business models get the moment by google and facebook >> okay, okay.
6:12 pm
what stock are we talking about? >> expedia >> oh! no, i don't like it. let's go to mark in north carolina mark mark i think i surprised mark what's up? >> caller: hey, jim, how are you doing? >> couldn't be better. >> caller: good, good. hey, proctor and gamble is a big holding of mine but it hasn't moved up much in the past 30 months like other consumer stocks like clorox has i would think that they would be tailor made to grow through this pandemic what exactly is holding the stock back >> well, i think that -- let me tell you what i think. this is a great question people would say it's fully valued at 24 times earnings. but you know what, mark? i'm with you i think you guy. 2.6% yield, great balance sheet.
6:13 pm
just buy it and don't look at it, because management is really good they got great products. and it's not a penny stock a lot of people like those penny stocks those, by the way, a stock is a penny stock not because management wants it to be, it's because it stinks. i didn't mean to be mean to elliott. and expedia is not great sometimes it's as simple as it looks, and wall street is confident most loser also be bailed out and they like the covid winners like this one. on "mad money" tonight, the great john denver, "country roads, take me home," siri siri, play "thank god i'm a country boy," as more people hit the road, could winnebago be worth the road i'm talking to the ceo and as people look for ways to get out of the house, and still
6:14 pm
stay isolated from others -- ♪ i'm talking to the ceo and helping you reopen your business after covid-19. there's an app for that. 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. okay, give it a try.
6:15 pm
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. i geh. common bird.e.
6:16 pm
ooh look! over here! something much better. there it is. peacock, included with xfinity x1. remarkable. fascinating. -very. it streams tons of your favorite shows and movies, plus the latest in sports news and... huh - run! the newest streaming app has landed on xfinity x1. now that's... simple. easy. awesome. xfinity x1 just got even better with peacock premium included at no additional cost. no strings attached. just say "peacock" into your voice remote to start watching today.
6:17 pm
americans going stir crazy this country desperately needs a vacati vacation but we're still in the middle of a pandemic, so how do you take a vacation buy an rv hit the road, maybe go camping. winnebago industries, the maker of rvs, motor homes and powerboats the stock is up 17%. winnebago reported a fantastic dwau quarter, and they told a very upbeat story yet the stock fell roughly 7%. of course the stock has had a big runoff from march lows maybe it was just priced for perfection
6:18 pm
a little profit taking never hurt anybody but we need to take a closer look let's dig deeper with michael j. happe, the ceo of winnebago industries welcome back to "mad money." >> thanks forhaving us on. >> here's my thinking, sir your stock had just run way up, but you did not want to necessarily say, and i think next quarter is going to be f fantast fantastic, because we don't know it's a pandemic. in all the years i followed winnebago, the last part of this quarter is the best i can recall >> yeah, it was certainly a challenging quarter. but one with some optimism at the end of it. it was a quarter that included a windown of our business, a shutdown of our business and a restart. we started to see positive signs in may, as consumers started to escape their homes during the shutdown period. and we see much brighter days ahead for our industry and company.
6:19 pm
>> i keep hearing this it's got to be a feeling about school you said the timing of the ex-perrin shall season is going to be extended this year is this the belief school doesn't start on time and september could bea month we'r doing something cool >> well, i think what we're really seeing is, there's this pent up demand, obviously, to escape the homes and get outdoors and find a sense of normalcy again with our collect family and friends in a safe manner so we believe that, you know, the summer season is setting up to be very strong for many of the outdoor businesses, including recreational vehicles. and people will have an appetite to extend that into the early fall as they continue to manage very carefully who they're around and how they safely, you know, go through their lives so, again, we're looking for a good, long season of being outdoors this summer >> you must have talked about --
6:20 pm
there's a correlation you have seen with a healthy stock market and bizarrely, we have one, correct? >> yeah. you know, the stock market has been relatively stable as of late there's certainly volatility inherent to it, as well. but the recovery of the stock market is especially helpful for those affluent customers with decent portfolios, and given we have some great luxury brands like numar, like chris craft boats, we see the stability of the stock market actually having a calming effect on those types of consumers they then make the decision to invest in this discretionary tool we can sell them. >> i remember when you bought chris craft, i thought you were going to extend the line we see a lot of those vehicles on the road. it looks like this is chris craft's time what do you really want to do with it? is it good to have that and also be in the motor home rv
6:21 pm
business i think there's a number of negligen dimensions of that investment. we're trying to build a premium portfolio of outdoor brands. there's no better brand than chris craft. a 140-year-old global luxury boat brand we see some secular, emotional, and even value chain similarities between the marine business and the rv business and we see -- we're very positive in terms of the growth prospects for the marine industry chris craft for us was a low-risk, you know, we think ultimately high reward entrance into the marine industry and begin to develop, again, another premiere premium brand in our portfolio. that's one of the ways, jim, that we differentiate from our competitors. we have discerning aspirational brands in our portfolio, tha people desire to own some day. >> it's an interesting brand
6:22 pm
i'm a fisherman, but if i were a speedboater or if i were a millennial, i would prefer a chris craft to my boston whaler. what kind of audience is buying what i regard as an expensive play thing >> these are people participating in fresh and saltwater areas. with the chris craft, it can be a leisurely cruising boat or fish out of them, as well. so we have the capability to do both but these are really folks who enjoy the finer elements of boating. you know, they want to get out in a very beautiful, you know, hand craftsman made boat and have a great afternoon or evening with their family and friends. so the lineup is continuing to develop and we're excited about being a small but we think increasingly important part of our story overall at winnebago industries >> it's got two themes i like.
6:23 pm
it's got freedom and control i find that your product lineup has freedom and control versus what i feel like if i fly to a city and i stay at a hotel i feel like i have no freedom, no control is. that the zeimgeist that can be driving a lot of sales >> yeah, we have seen a dramatic increase in the interest of this lifestyle. first of all, we think most people believe genuinely that the outdoors is a safer place to be secondly, there's been a lot of time freed up for us our evenings and weekends tend to be more open with some of the commitments that we used to have, not being available to us. there are not as many options for people to dispend their discretionary income or savings. theme parks are closed, restaurants are just coming back, you can't go to major
6:24 pm
league baseball yet. so people have dollars that they're choosing to invest and i think, jim, there's a human psyche to people wanting to reconnect again with family and friends. they want to get outside their homes. that's why we believe recreational vehicles as an example are coming back extremely strong that people view it as a safe way to get outdoors and feel normal again and explore the great country that we have here in the u.s >> i know you couldn't pin down how many first-time buyers there are. but i would wager that there are people who never, in a million years, dream eed they would hava winnebago, who feel like it's the only way to travel >> we're certainly seeing an influx of first-time buyers. our dealers are telling us the wave of first-time buyers they're see thing summer is greater than at any time they can recall in their history. so we three about a third of our
6:25 pm
buyers that are first-time buyers that's increasing to as much as half, and maybe in some other categories it's greater than 50%. consumers are participating in the sharing economy around rvs, and they're also remitting at the highest levels we've seen in some time. so there's just great interest in not just owning an rv, but experimenting with the lifestyle so that they can determine down the road whether it fits them. >> what an extraordinary change. i want to thank michael j. happe, president and ceo of winnebago industries lasting people, it's about sustain at and lasting "mad money" is back after the break. you can't predict the future.
6:26 pm
but a resilient business can be ready for it. a digital foundation from vmware helps you redefine what's possible... now. from the hospital shifting to remote patient care in just 48 hours... to the university moving hundreds of apps quickly to the cloud... or the city government going digital to keep critical services running. you are creating the future-- on the fly. and we are helping you do it. vmware. realize what's possible. you know, the chef here trained in france. mmm, it shows! so good. oh hey, did you say you needed help with investing? because i know someone who's really great. and you trust him? totally. yeah. we went to school together. i'll check him out on investor.gov. so, what'll it be?
6:27 pm
i'll just have the burger. before you invest, get the full report. check out an investment professional's background for free on investor.gov. before you invest, investor.gov. 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. recreation that allows you to maintain social distancing. brunswick corporation, you might
6:28 pm
recognize them as boston whaler, which i have one, and maker of the mercury engines. until we get a covid ak vevacci, anything that lets you take a vacation while avoiding crowds, that makes sense it's only down a few bucks where it was trading before the pandemic hit the last time the company reported, they told an encouraging story. do not take it from me, let's check in with the ceo of brunswick corporation and find out how his company is managing to thrive. welcome to "mad money. >> thank you, jim. great to be on >> david, you gave a talk two days ago at jpmorgan and you used the following phrase, you said in the second half of april, i quote, you had a very sharp v, almost a light switch that went on for sales tell me about it >> well, we did, jim you know, april was a month of two halves for us.
6:29 pm
the first half, obviously affected by the initial pandemic impact and we have taken our production facilities down, maintained distribution we expect it to come back up with all the covid protocols pretty gradually from the middle of april in fact, demand really took off. and we have been bringing back our facilities really quickly, ramping up, and even adding hundreds of people to try and satisfy demabldz that demand has even increased through may and june so it seems to be very sustained. >> i'm told you can't get one. i have a friend who bought a whaler for $40,000 and leased it for $30,000 for the next two months i mean, that tells me shortage >> well, across all of our portfolio, we're in relatively good shape our engines, we have metty plen stock.
6:30 pm
but certainly some of our boat brands are in very, very high demand and whaler is certainly one of them we want to get a whaler in as many hands as we can, so we're hiring hundreds of people right now. but i would say it's fair to say that pipelines in the field are very, very low we're working as hard as we can to restock the pipelines >> you used to have 29 plants. you managed to consolidate about nine do you have enough it sounds like you must be working 24/7 >> we are certainly working extra shifts at the moment taking out that cost is overall very healthy for our business, though it's very streamlined. i think we've been able to manage our way through this pandemic on our own terms. largely because of the cost takeout and streamlining of business we did. so i'm very happy with that. we have capacity in most of our plants, but we have beentaken by surprise by the rapid pickup in demand, which seems to be, you know, some deferred
6:31 pm
purchases, but also just new boaters. so it's not really a space issue, it's more hiring people that is the bottleneck, and we're going as fast as we can doing that >> we have an 18-footer. i don't want to put it -- last weekend i wanted to dock it in a place where i saw these $500,000, $1 million boats but i was afraid i would hit one of these boats you tell me you're going to give me assisted docking? >> well, i think you know, jim, because you're in the boating space, that we've been adding technology like crazy to new boats. most big boats now are controlled with a joystick and we're bringing that technology down to smaller boats now. you have gps, we have a system called sky hook that allows you to hold the boat we have auto pilot, all those features we're looking to enhance that, to add even more assistance to some of the more stressful aspects of boating
6:32 pm
simply docking is in that category so expect us to keep moving forward in marine stpace, and eventually some form of autonomy >> and how about freedom boat club, could that be the answer to my friend who just paid $30,000 for a boat for two months >> when we bought it, it had 170 locations. we just opened our 234th this week it's a club model, so just like any other club you pay a joining fee and then monthly dues so you join in a particular location, so that gives you access to a fleet of boats the boat is ready for you. when you arrive, you book it on an app when you finish for the day, they do all that stuff but because freedom boat club is so big and really national, and even into canada and europe now, we have a reciprocal system. so if you join a club in a
6:33 pm
particular location and you travel to another location for a vacation, then you can automatically join that club it's a very, very flexible experience what we're finding is, we're pulling in younger boaters, and more women into boating through the club model >> one thing that i was trying to figure out is that for the longest time, brunswick felt like it had to do these other things, and it made sense at the time it looked like the shrinkage of boating, and you're shrunk with the aluminum boats but everyone has been caught by surprise but sir, i have to tell you, i think this is my first pandemic. so give me a little leeway here. but i think people have rediscovered this. there are first times who will never go back. if youwhaler like i do, it's freedom i never thought it was also safety, but that's how i feel now. >> i agree with you. and i think boating combines the
6:34 pm
ability to socially distance with tons of fun and flexibility. the ability to go somewhere alone or go with a family or extended family or friends, depending on the situation allows you know, you can go out for an hour, a day. there's tremendous flexibility there. but you're right, the backbone of boston whaler is safety and fishability, if you like huge range of boats from 15, 16-feet, up to the new conquest but the same dna in all of them. great cruising, but really great fishing, great safety. so, you know, very strong boston whaler dna you can always rely on them. >> one last question i know you have some manufacturing in china can you get it out of there? because then your cost would go down and you can make more money for everybody. >> we do have a small amount of manufacturing in china, jim.
6:35 pm
but i tell you, most of our manufacturing is in the u.s. all of the large outboard engines are produced here, most of the boats are produced in the u.s. so we're a heavily domestic manufacturer, and we take advantage of the global supply chain, but we're really an american business, and we're 70% american sales so very proud to be that, and take advantage of providing great products to the american public >> all right david, thank you so much for coming on "mad money." >> thank you very much, jim. >> okay. "mad money" will be back after the break.
6:36 pm
6:37 pm
6:38 pm
when it comes to coping with this pandemic, few organizations have been more helpful than salesforce, the king of cloud computing. two months ago, they announced a new suite of resources called work.com, designed to help businesses and community leaders open safely. the company rolled out a suite of services to make it easier to work from home without sacrificing productivity and work safer at a moment, we're facing a massive covid outbreak, timing couldn't be better so let's take a closer look with the ceo of salesforce to learn more about how they're helping other companies, the country, and states get through this difficult period welcome back to "mad money." >> great to be with you, jim thank you for having me. >> so governor from rhode island, i asked her how she became the bastion in a very densely populated of what i call as a covid free zone
6:39 pm
she said mark bennyhof helped me with the contact trace can you tell me how you work that so that rhode island is a safer state than almost any other state in the union >> this is a time for every company to assess its relevance. right now for us, that's a major focus on work.com that allows companies to reopen safety one of the companies or organizations, or in this case, a state, rhode island, they're one of 35 states that is using our contact tracing technology to keep their citizens safe. we also have so many companies doing exactly the same thing this is a critical technology, jim, during a pandemic, because as you can imagine, when people do get sick, you have to be able to talk to them and say, hey, who have you been with, who should we be calling who should we tell to self-quarantine and that can be the governor, the state of rhode
6:40 pm
island, like you heard last night, and it could also be the ceo of a major company like myself i have 52,000 people, and as we start to bring our people back to work, which is happening now, if one does get sick, we're going to want to do that same contact tracing to help them that's a key part of the work.com platform. >> of the states that you are helping, the ones right now that are in trouble, maybe because they are in the last few days, what are you saying to the governors? >> look, whati say to everyone is, this is my first pandemic. i don't completely know, you know, what advice i can give you except, number one, masks. i mean, we see the mask is probably the most effective way, jim, to prevent the transmission of the virus just wearing a cloth mask reduces the spread by 90%. the second thing we know is test and trace. you have to test once you test, you have to trace. that, as i said, is true for
6:41 pm
states like we have heard from all these incredible governors but also corporations that to do this >> what could you tell governor abbott, a well meaning fellow who is trying to get his state open so people can put food on their table? >> governor abbott is, you know, in the middle of his first pandemic just like i'm in the middle of my first pandemic. we're doing the contact tracing for the state of texas we're helping him build out his network, to help his contact tracers, find people who have potentially been infected and get them to quarantine that is an incredibly important part of what is happening. the second thing is, we've got to have masks. people also need to realize if you're outside, you've got a much less chance of actually contracting the virus. so if you look at countries like france, restaurants are open but most of them are operating
6:42 pm
with an outside venue, air conditioning, for example in france, is turned off so that there suspectisn't a spread hapg inside the restaurant and people are required to wear masks we have to do the same thing here in the united states. >> something you unveiled, makes it so that i know i would be far less paranoid about being at work now you have a touch list office this is what we really want, mark i forgot my gloves the other day, and i took my jacket and wrapped it around the door handle and said oh, my, this is just -- i'm taking my life in my hands. we cannot have contact with door handles. and elevator buttons >> we've talked about that, jim. for quite some time. yes, we have to have a contactless office and rethink how we use elevators you can imagine i'm showing up at the office, we have to be cued into the elevator that's enough key part
6:43 pm
shifts have to show up at the office at different times. that's another key part of work.com one more thing you have to have is a contactless office, which is why the partnership with semins is so important for work.com you can show up at the office, and when you schedule conferences or need to turn highs on or off, semins will do that automatautomatically. you can say hey, tell me who else was on floor 7 yesterday, that's where i was we can say this is the people we should now go out and talk to so they can self-quarantine you just got tested, we're going to let those people know they need to shelter in place >> something you have in each of the stages, it's how you receivable society how should we be serving society right now?
6:44 pm
>> jim, you know, people say all the time, what does the future of work like we can say it looks -- right now, i'm at my home, you're at your home. we're working and living anywhere this is a work anywhere environment. that's why we introduced sales force anywhere a whole new set of technology that lets our customer sell and service and collaborate anywhere we're partnering with zoom, incredible teleconferencing technology amazon with their chime technology to embed that into all of our products so that our customers can have deeply integrated collaboration. when i look at the combination of salesforce anywhere, the ability for our customers to achieve incredible productivity in their organization like we have now at salesforce, to rebuild their pipelines, to get their business moving, they need
6:45 pm
these types of tools that is going to make a huge difference in getting companies back to work now >> excellent, mark thank you so much for coming on. i think work.com is terrific i also -- we didn't talk about it, but a cheap medical officer who can help people when you have a question. >> yes, we need a chief medical officer. >> "mad money" is back after the break. (vo) at audi, we design cars that exhilarate with versatility, whether on the track, or the everyday drive. today, that philosophy extends to how we connect with you. we call it, audi at your door. whether a remote test drive, shopping, trade-in, or even service pickup, audi at your door can do this and more at participating dealers. the premium audi dealership experience, on your terms. audi at your door.
6:46 pm
6:47 pm
it is time it's time for the lightning round. [ indiscernible and then the will be round is over are you ready, skedaddy.
6:48 pm
ryan in oregon, ryan >> caller: boo-yah, dr. chill. >> whoa, man, dr. chill in the house. >> caller: hey, i'm calling about one of the most popular stocks among the robinhood investors. the company announced two different acquisitions, sending the stock to a five-year high. is it time to take a serious look at plus power >> you know, i actually -- look, i've done a ten-year chart of them, and this is the first time i think, you know what these acquisitions were good i don't want -- look, i'm not trying to move this stock, but i'm saying there is more to it and i have to do a deeper dive kevin in texas, kevin. >> caller: boo-yah, jim. >> boo-yah >> caller: i've got a question about yetty. could i stay in it or get out? >> yeti is having an
6:49 pm
unbelievable service you can't have yeti without outdoors ann. >> caller: hey, mr. cramer, i know you think southwest is best, but american airlines, yay or nay >> a nay on that one i don't like that. i think when you have to borrow at 12%, that's a bad sign for any of us. let's go to syed in new jersey >> caller: boo-yah, jim, how are you? >> good day. how about you? >> caller: good day. myself and my family, big fans >> thank you >> caller: i have an 11-year-old son stand big me he loves you, watches your show every day. and you want to say something anything >> caller: boo-yah, mr. cramer i'll be seeing you ♪ hallelujah
6:50 pm
>> caller: so what i want to talk to you about, ge. i owned ge for a while what should we do, hold it >> just hold it. larry culp is going to figure it out. i just got to leave it like that and thank you for your john. beth in massachusetts, beth. >> caller: hi, jim, thank you for teaching me something new every day. i look forward to seeing you every night. biotech company, they signed a multiyear agreement with ab mori, a global supplier of baking ingredients, who use all-natural zero calorie pure cane sweetener >> i looked at this when it was
6:51 pm
value versus iff we have to do a deep dive on this this is a very interesting story. and that, ladies and gentlemen, is the conclusion of the lightning round. >> the lightning round is sponsored by td ameritrade hm. i'm thinking... will i have enough? should i change something? well, you're asking the right questions. i just want to know, am i gonna be okay? i know people who specialize in "am i going to be okay." i like that. you may need glasses though. yeah. guidance to help you stay on track, no matter what comes next. ♪ 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.
6:52 pm
6:53 pm
what's the difference between texas, a state where covid-19 is running ram pant and rhode island a state where they got the pandemic under control, even as its neighbors were having huge outbreaks? simple, rhode island had a plan.
6:54 pm
texas had grit and when it comes to public health, it turns out a plan beats grit every time. last time we had the governor of rhode island on the show, and she's created a covid safe haven, even as she runs the second most densely populated in america. she came one a plan that was tough as nails mandatory masks, social distancing, robust contact tracing system that covers 95% of the state she got there because she used public/private partnerships, she's a former venture capitalist and put her business ties to work, including salesfor the.com. texas seemed like the governor reopened the state betting the virus was beaten or texas would be tough enough to shrug it off. but there was a lot of wishful thinking, and the surge in covid cases to a record high yesterday shows we haven't beaten anything when the pandemic hit the
6:55 pm
northeast earlier today, we thought it was a lung disease. we were told that masks would. make a difference. we didn't know which preexisting conditions made you most at risk we didn't have a clear idea of how it spread or how contagious it was covid-19 is a novel virus. novel means we have no immunity and we no nothing. so when the outbreak in the northeast started, we made a ton of mistakes. the worst is when the authorities told us not to both we are masks tilled thousands of people i thought they were trying to prevent a run on masks, so we would have some left for doctors and nurses n95 masks were short supply. but masksa are the best way to prevent the spread of the disease. the governor of rhode island knew it. somehow, texas didn't get the memo masks are suggested, not required somehow this mask issue is a
6:56 pm
weird culture war battle it's crazy, it's nuts. if people don't wear masks and you don't have a robust system of contact tracing, you'll get a horrific outbreak like we're seeing in texas. what were they expecting every expert told us this was inevitab inevitable the governor doesn't have a choice now that many of the state's hospitals are overcrowded. the lesson is clear, when you reopen your economy, make masks mandatory. obviously, there are part of the country where you don't need a mask if youlive in a rural area, you're probably not at risk. for everyone else, we know masks are about all we got it's the cheapest, easiest way to stop the spread when the cdc told us to forget about masks, that was a terrible decision but the fact that many of our leaders don't push masks as a
6:57 pm
solution, i'm finding it inexcusable. the northeast spent months getting the outbreak under control. so please, don't repeat our mistakes wear the darn mask stick with cramer and with cnbc. here's a peek at what scott has on tonight >> tonight at 7:00 p.m., texas reverses course and hits the pause button on its reopening. so what now? plus, hawaii's lieutenant governor gives new insight for the requirement to get into his state. and on the hospital frontline in a south florida hot spot all tonight at 7:00 p.m. for over 85 years? with capital group, i can. talk to your financial professional or consultant for investment risks and information.
6:58 pm
talk to your financial professional or consultant - we did it!c) (crowd cheering) - [narrator] wherever you start, snhu is where you can finish. (crowd clapping) (crowd cheering) - here we go. - [narrator] and it's it. - [group] yay! - [narrator] you did it, high five! - southern new hampshire university. - [man] that gets a hug. (laughing) - look at that! master's degree, i did it! - i did this for my children.
6:59 pm
i am very proud of myself. - [narrator] finish your degree at snhu.edu. you know, i don't like the bank stocks. the fed issued some statements about halving dividends. the fed must be more worried ant the banks and how they're doing than we are. one more reason to avoid those stocks i got a whole hundred stocks that you can buy that i like more than any bank and it's the cramer covid-19 index. they're all better and by the way, the banks, they do worse there's a ton of reasons not to own a bank on the penny stocks, cool it already. 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 and i'll see you next time
7:00 pm
good evening, i'm scott wapner on day 179 of the coronavirus crisis we start with breaking news tonight from the airline industry our phil lebeau following the money there joins us live on the news line. phil, what can you tell us tonight? >> scott, we have six airline and aviation unions now writing a letter to the leaders of congress asking them to extend payroll aid through march 31st just to refresh your memory, you've got payroll aid that has kept these basically thousands -- tens of thousands of workers employed, despite the dropoff in traffic for the airlines u'

110 Views

info Stream Only

Uploaded by TV Archive on