tv Mad Money CNBC October 20, 2020 6:00pm-7:00pm EDT
6:00 pm
6:01 pm
around a biden's portfolio there is honestly not that much difference as a matter of feedbaact, most e stocks work under trump also works under biden. can i get a biden's stock, bi n biden's stock, please. dell gained and nasdaq drops for the day. the leader the soaring stocks it would be fabulous for energy. tr
6:02 pm
it is good for u.s. jobs once oil companies are drilling, there is only so much the president can do coal is dead it is not economic and it is not worth the trouble. meanwhile, we have seen a huge gain in renewables because like it or not, they're the future. if biden wins, democrats are eager to throw the money at solar. i like three solars. first is generac your power does not go out when the sun goes down and tesla. remember when elon musk floated the idea of just a simulation, that was more than five years ago. i challenge the idea that we get our electricity from colorado.
6:03 pm
that was his plan. musk figured it out. the future looks like a lot of distributed solar panels that flow back into the grid. tesla's solar bid can make it happen the first solar makes the actual solar modules. this one feels like stealing candy from a baby. biden's win will make a fortune. what else? i see a lot of infrastructure places i keep on recommending cat and deer if there is a sweep, you can see a major infrastructure package i heard so many guy ps yapping about this it is unoriginal but before you buy these stocks, let's think this through
6:04 pm
we have been through this since 2009 and even with the infrastructure build, our government forgot how to build things t by the time that money gets to the state, it could take years for reconstruction it is 2020 we'll bring a couple of dozen guys or machines and sitting by the road, you get the picture. there are things we can do to get our infrastructure groove back maybe we just own that now let's talk about trump and biden. biden is free trader if biden wins, you can take the trade war with china trump was right to crack down the chinese government we have been letting them get away with high rway robbery for decades. with biden leading the polls, the china's stock are roaring.
6:05 pm
3m, emerson and otis biden won't give it to them. trump won't. caterpillar wins either way. the biggest winners are the china's consumer place those are nike, starbucks, and apple. nike just had a remarkable couple i think it got 135 written all over it. starbucks has been held back to a covid friendly set-up. you will see what it looks like, they're doing everything right starbucks need to convert the space. i bet those chinese stores do better when you take this trade tension away they'll build it into the third
6:06 pm
tier they got it over there, fourth tier of the size of chicago. china is a huge market for apple. in addition to being a force of manufacturing. that never happened. why? well, that's thanks to ceo tim cook's leadership. the man besides being an unbelievable manufacture and thinker is a born diplomat >> under biden, they take apple, qualcomm and google, really, the ladder blew out the items. if you talk about people running
6:07 pm
the three big carriers speaking of china, they're way ahead of us in 5g and on everything right now i like the west, they got under control, masks and social distancing one more problem, nike i am working on a date make it sand let me work on it if there is a democratic sweet in two weeks and the tape was houses and congress, you will be call to wake up to big tech and net fliflix netflix. trump's lawyer sued them for antitrust rally. i want to bring down big tech, the worst thing they could do is break up alphabet because
6:08 pm
honestly that would be great for the stock. both parties rep kept trust enforcement this case is not going anywhere the last antitrust goes with millions of documents. enough already, you win t google from a market's perspective, you have to buy the china stock and some of the cannabis place to be named. i am going to go right to etcetebetsy, in california. >> this is a big fat thank you thank you, thank you in the beginning of the year, you did look for origin director i called you in june with amrc
6:09 pm
6:10 pm
>> hey mr. cramer, i am calming a lock i goat a position in. that's order i made a dollar on that -- it is like 40% and you are locked in a business thong that's all that special. it is just not -- we deal with a lot of companies that are a lot better than that you need to focus on the besser ones nice, kind, words, makes you feel better after i get up to 3:23 you believer the polling, biden is ahead substantially i am going to hit you on the head with every night. >> "mad money" >> the work from home is not going anywhere implicit down of the ceo
6:11 pm
again, we'll wave. i will tell you why this market may be focus on the green wave happening in cannabis stock. >> i am going to reveal a new one. i just bought it >> how do you get this >> you have to stay with cramer. >> don't miss a second of ma'am moneyer, send jim an e-mail at cnbc.com or give us a llca 1800-743-cnbc. head to cnbc.com at calvert, we know responsible investing is hard.
6:12 pm
if you're concerned about the environment and climate change, how do you find companies that are driving the right outcomes? if you care about economic equality and social justice, which firms are addressing it in their workplaces and their communities? for nearly 40 years, calvert has delivered competitive returns by investing in companies making a difference because we see value in doing good.
6:13 pm
talk to your financial advisor about investing responsibly with calvert. talk to your financial advisor about investing responsibly expectand action. 16 people died! did he catch our bad guy? we're know as the charmed ones. you got one day to show me what you got. i want to fight. you need us harry.
6:14 pm
6:15 pm
earning results this quarter all the stuff you need to set up zoom and home office this company is a long time cram cramer's fav i am doubling the lockdown i didn't expect numbers as this spectacular. the company's earnings $1.87 per share. it is now at 100% for the year and it deserves every penny. don't take it from me, let's check in with mr. daryl from
6:16 pm
logitech >> you have a choice here. how is profit increasing 300% or gross margin grossed 45. it was a masterpiece >> it was a great quarter and no other way to say it. >> we progressed q-1 and q-2 we just steadily got stronger and our gross margin is up, too. and it really blew out it was huge. >> one of the things that you do that people don't know you have the highest quality product but not for the highest price. how are you able to do that? >> you know we started long ago, 39 years in october, we started as an oem supplier for companies
6:17 pm
like apple and hp. low cost and high quality. the last eight years, we are bringing it to all new categories >> when you do office at home, you can do what they give you from the company or people using logitech which is what i did >> you know what i think is really happening is there was a scramble in the beginning to get something. people were using their phones before covid started or a laptop and on the bed where they did have to work from home they got what they had in the office, they brought it in or they bought something quickly. sometimes we bought ours now as the penetration continues and now we work on the upgrade to improve performance and
6:18 pm
ergonomics >> now you are stilwel well ahed of everybody else. i have a buddy in the gaming business, he tells me nobody can meet the demand. they are not focused on it frankly except for you but you saw this the other guys are not even near you. >> look there is always i love competition, it makes you better players are entertained like g-2 and also the individual players, we are launching products for everybody. >> i looked at one page in our deck i don't know if i need it or not. the logitech, the newest key
6:19 pm
ward case, tracking for new ipad air. why would i get that >> if you love your ipad >> which i do. >> and you always like a keyboard so it is more like a mac. it almost feels like a mac because you got the touch panel thanks to us >> i tried to get apple and they have not come back to me yet your company is a great company. is that something that could be resolved >> it we emphasized our speakers about nine months ago. we were not surprised about that at all we respect everything apple does and you will see it is on a steady decline so it is no
6:20 pm
problem. >> let me challenge you. i have your speakers and i love them >> i do, too it is wonderful. you know what we do? we try to read in categories thatare strong and long sicy cyclicle growth. >> there you go. >> you are one of the most charming people on earth >> such a wonderful person >> you got video collaboration i need to know, how early are we in this video collaboration v s verses voice >> i could not put a number on it per se. i think we are not even half way there. if you look at rooms, we barely
6:21 pm
put a dent on it now the office still needs to be video enabled. we almost double this quarter. it is still early being enabled. >> i got to get it to you. you isolate in every trend. i want to congratulate you you saw a lot of things coming you are one of the good guys you talked to clients and you know what they want and you gave them what they want. >> bracken >> thank you, jim, you are always so generous >> thank you q m "mad money," back in a second.
6:22 pm
some things are good to know. like where to find the cheapest gas in town and which supermarket gives you the most bang for your buck. something else that's good to know? if you have medicare and medicaid, you may be able to get more healthcare benefits through a humana medicare advantage plan. call the number on your screen now and speak to a licensed humana sales agent to see if you qualify. learn about plans that could give you more healthcare benefits than you have today. depending on the plan you choose, you could have your doctor, hospital and prescription drug coverage in one convenient plan from humana, a company with nearly 60 years of experience in the healthcare industry. you'll have lots of doctors and specialists to
6:23 pm
choose from. and, if you have medicare and medicaid, a humana plan may give you other important benefits. depending on where you live, they could include dental, vision and hearing coverage. you may also get rides to plan-approved locations; home delivered meals after an in-patient hospital stay; a monthly allowance for purchasing healthy food and beverages, plus an allowance for health and wellness items. everything from over-the-counter medications and vitamins, to first-aid items and personal care products. best of all, if you have medicare and medicaid, you may qualify for multiple opportunities throughout the year to enroll. so if you want more from medicare, call the number on your screen now to speak with a licensed humana sales agent. learn about humana plans that could give you more healthcare benefits; including coverage for prescription drugs, dental care, eye exams and glasses, hearing aids and more. a licensed humana sales agent
6:24 pm
will walk you through your options, answer any questions you have and, if you're eligible, help you enroll over the phone. call today and we'll also send this free guide. humana, a more human way to healthcare. stay restless with the icon that does the same, the rx crafted by lexus. lease the 2020 rx350 for $409 a month for 36 months. experience amazing at your lexus dealer. before we talk about tax-s-audrey's expecting... new? -twins! lease the 2020 rx350 for $409 a month for 36 months. ♪ we'd be closer to the twins. change in plans. at fidelity, a change in plans is always part of the plan. now the election is a couple
6:25 pm
weeks away we need to talk about the future larry williams, contrary to what we are seeing in the polls, the action of the stock market says trump has a better chance being reelected than you may think i don't know anyone else's saying that. over and over again i see investors betting on the blue wave the democrats take the presid t presidency and the senate and retaking the control of the house. biden comes out favorably - it could make life easier to domestic cannabis industry a lot of investors are weighing on that outcome. once again i don't want to play the election it is a fool's game. the weed game already started
6:26 pm
running. so tonight because you want it, i am going to explore what it means for the budding industry recreational marijuana is legal in 33 states so the university of mississippi is the only place that stashed marijuana. there is a reason these weed reference tending to win more than 90% of the country supports medical marijuana regardless of what the state says, cannabis is still illegal at the federal level it is highly addictive and it has no medical value all these marijuana operations
6:27 pm
the states legalizing it as federal crime. the most of these dispensaries can't even open a bank account it is like a cash receipt when you go there so what changed if we get a blue wave in two weeks? well, it depends however, the last decade biden has come a long way on marijuana. he's running on decriminalization which is huge in the industry. it has not exactly come up were often. maybe not the highest priority right now. during the vice president debate though, senator harris mentioned decriminalization ochlt y decriminalization. you get the gist that bill ended up dying if we dpget a democratic sweep,
6:28 pm
that's happening does a blue wave mean decriminalization? >> maybe here is what we are not going to do despite the fact that many asked me repeatedly, forget it you are not getting your way we are not going to buy the license producers. i am talking about tilray and rural cannabis these companies are operating. they're going to destroy you at the end of the day, we are far likely to see a booming domest domestic more importantly though we know from the canadian experience that the producer, growing weed
6:29 pm
is profitable. when you legalize it, the price spl plummets it was so dpraet. they put it in pot and the price of pot tumbled and the price of pea went up, what does it tell you? >> they won. >> the commodity, i like the flower by the way. >> everyone in the hi industry is a new owe fight with no experience >> it is can buy growth, they got to use-- this stock has been a total bow wow >> of course it is still
6:30 pm
growers. that could give them a leg up when it comes to hthc and beverages. still a better place to play the lowest, could be marijuana or some plant, who's there to say? >> it got a national growth pen, marking the 11th state they entered and two locations in michigan >> since then the stock is up only a couple of bucks and did travel back. how about this one we talked about this specializing properties that they lead to licensed and medical marijuana.
6:31 pm
iipr is is roughly 7% of the year stocks pulled back the last few weeks. two more names i can't recommend. there is something -- if you live in america, you can buy canadian company, they can only use -- if something change many in the front then there is true leaf it is t they produce everything in-house and submitting their own dispensaries and delivered directly to the patient. they expanded to california, massachusetts and mississippi. >> last but not least, this is a
6:32 pm
massachusetts company with 30 processing sites sn green thumb and cure lever all share one trade. you are profitable which i do not recommend. >> a democratic wave can make things much easier for the marijuana industry >> remember to stick to the pick and show us the place. tony in florida. >> i have a question for you >> i bought the stock back in march and it is now trading at $1.16. when the election coming, should i continue to ride with the stock or should i sell off my
6:33 pm
official investment. >> there is no two ways. solar, i am not automaticing a a -- i happen to love this group. >> if you like biden, this group prospers if you like rump anyway -- there is a new juan. request you call dr. fauci an id owe, you can dpget anyone all right, much "mad money" ahead. >> i'm siting down with the founder of shark tank investor, damian james tonight is the lightning ground
6:37 pm
6:38 pm
healthcare at 12%. mr. clean and hygiene and tide and mr. clean. i went as mr. clean during halloween, a whole bunch of time i got all sorts of lysol i shougt have brought my lysol out. they got this thing called dettol we got this for london we think it is just like magic it is the same thing like lysol. you are dealing with something that you may not know. these are like big names
6:39 pm
internationally. when you find a new bull market, what are you going to do john moore, a chief finance cfo. "we expect that there is some stickiness." >> as he puts it, consumer habits once established in the categories that are rarely reversed cleanliness is next, right he told me the hygiene trend is
6:40 pm
the most powerful theme in the entire industry right now. they're producing five times more i think it is pretty clear that the cost is worth it we are looking at some terrific margin the pandemic has heighten the social importance of hygiene a foundation for health for all. we are seeing 86% consumers are reporting their hygiene practice have improved over the course of this period. again, these habits are sticky i mean i carry this thing around everywhere i don't know how many wipes you carry with you do youcarry these little guys.
6:41 pm
we saw a small profit. listening to these two calls i am thinking i got to tell club members maybe in a pull back, this is right. clorox is a bit played out frankly. it is too much of a mix-match right now. you know speaking of mix-match, you know what works? >> i am telling you, you got to stick with me on this one. l brands i know more, more a lot of people still associate this company with the fallen victoria's secret business right now the company is all about bath and body works. this is going up and vs is going down
6:42 pm
6:43 pm
♪ for skin as alive as you are... don't settle for silver ♪ gold bond champion your skin but before we sign i gotta ask... sure, anything. we searched you online and maybe you can explain this? i can't believe that garbage is still coming in. that is so false! frustrated with your online search results? call reputation defender today to join tens of thousands who've improved their online reputation. get your free reputation report card at reputationdefender.com or call 1-877-866-8555.
6:44 pm
new and exciting chapter. across muti-cloud, apps, data and security, we focus on solving the business problems of our customers with technology we are a type of company the market has not seen before. going public will further invigorate our mission to embrace technology, empower customers, and deliver the future.
6:45 pm
to embrace technology, empower customers, wow, i wish i could get a deal on a smartphone, but i'm not a new customer. well, actually now, new and existing customers can get our best smartphone deal. it's historic. that is historic. which means... i'm making history, right? yea, i don't know if i'd exactly sa- wow. me, dave brown. existing customer who got the greatest deal in history. just like every other customer gets... oh that's cool too. it's not complicated. at&t is making history. everyone gets our best smartphone deals, including the lates pre-orders. lightning round is sponsored
6:46 pm
6:47 pm
>> anthony >> hi, jim, i got a small cap speculati speculative. >> the answer is no. >> i need to go to steve in new hampshire. >> booyah mr. cramer >> booyah, steve i have a stock that has done nothing for a couple of years and now since march, it increased from 8 to 30 there is no news from it, what's driving tg therapeutics. >> it turns out he thought it is going to be big and he came on the show and talked about.
6:48 pm
i said i believe, i believe, it is a long time but it is working. do not sell. i love that guy. i loved them years ago >> let's go to victor in illinois >> booyah, jim >> my question is about velodyne >> no. we are not going to be in those. >> how about jim in indiana. >> booyah. with cyber security, i invested in fire eye a few years ago. >> it is going to go otherwise i want you to buy, cash aurora stock. palo alto network.
6:49 pm
yeah, that's what you want >> let's go to andrea in new jersey >> hi jim. i want to know what you think of the stock, nly >> no. 15 down to 7 we reiterate that we are against it don't get sucked into that large dividend let's go to jeff in florida. >> hey, jim cramer, how are you doing? >> i am doing well how about you? >> i want to say thank you to you and your incredible staff for the wealth information that you guys pass down to us, investors can learn so much. >> we do have a great staff. because of social distancing and we are not getting together. we used to have a great time together one day this will end. okay, so what's up
6:50 pm
>> i am looking at sinclair broadcast group. they have got great avenue sitting on a ton of cash with sports coming back and earnings coming up in november. >> i don't know what changes the dynamic. you are totally right. i threw away viacom for my travel trust i am so angry at myself. can we go to j.j.? j.j. in new york >> thank you for all you do for all the investors like myself. >> america's corporation >> i am against lithium right now. i think it is too much influx. i am going to have to send you to gole.
6:51 pm
and that's the conclusion of "the lightning round." >> the lightning round is sponsored by td ameritrade why don't you call td ameritrade for a strategy gut check? what's that? you run it by an expert, you talk about the risk and potential profit and loss. could've used that before i hired my interior decorator. voila! maybe a couple throw pillows would help. get a strategy gut check from our trade desk. ♪
6:54 pm
affecting everyone equally some communities are hitharder than others. 17% of white businesses have been shut by covid or black business is 70% if there is any doubt, the pandemic have made itclear thi is not an equal opportunity economy or maybe nation. that's why tonight we are so thrilled to talk to damion john. he's the founder and ceo of fubu you probably know him from "shark tank. he hosted black entrepreneur day, celebrating black and entrepreneurship boy, do we ever need this. it is a shame that more people are stepping up. we want to hear all about it
6:55 pm
mr. john, welcome back to "mad money. >> thank you for having me as always >> damion, we heard a lot of people argue and a lot of guys arguing this and that. you are stepping up to help and i want the kind of concrete things you are doing so others are inspired >> you know i got to tell you, i am doing this entrepreneur day, black entrepreneur day because i felt frustrated like anyone else my corporate partner as well as celebrity friends saying what can we do? why don't we give an opportunity to highlight a lot of the entrepreneurs. give them some grants. i called shaq and he called the general. i need a platform that says is digital. i called cisco webex and i said i want to join and i started calling celebrity like gabrielle union, please help the people
6:56 pm
and dwyane wade heard about it and he brought in robin hood and i called my friend at pepsi. and african-american and pepsi create a fund of $400 million to help with infrastructure of small businesses there are a lot of people wh want to do the right thing and step up and bring attention to it i have to start within myself how can i help people and here we are >> you know there was a time where i would have said this one is too big you got to do it in washington you who have inspired so many have not waited. you have not said it is too big or too hard. you have said my background, the toughness that i have had is exactly what is needed i need people -- talk about how you are not deterred and you did not let setbacks stop you from
6:57 pm
succeeding >> this is what this great country was founded upon people who felt marginalized and discounted and they felt they needed to step up. that's what entrepreneurs are doing. we have differences and they do want to help why don't you step up in any small way. i know a lot of companies and corporations saying listen, i don't want to put a stamp on things true entrepreneurs step up and do what they can you see all these partners coming up. we are giving away $25,000 worth of grant that's $25,000 a piece for people who need the money and help scale their business or save their business. >> it is amazing >> it sounds like the kind of money that you will expected
6:58 pm
that black owned business would get from the government, ppe they did a good job but didn't get it to the right people >> you need a relationship with your banker before you have money because we want you to be part of the bank once you become a damion john or mark cuban or jim cramer >> let's pick a guy, dwyane wade, he's a business person he immediately swings to action. tell us what he's bringing to the party? >> he's going to bring all his investments but also financial intelligence and how many times he failed and he called his people at robin hood, i am going to help sponsor considerativerss because a lot of times you may not want to become entrepreneur yourself the only reason i am able to
6:59 pm
invest in billionaire entrepreneurs because i look at "mad money" twice a day. if i can't run a business, well, i am going to invest in apple or shopify and this and that and let my money work for me and that's what robin hood is bringing to the table, educating people in all as penpect of thid quick books helping. >> i am telling you the list goes on and on these people did not say oh that's 2021 or 2022 budget how can i send the money right now? >> where do we go? do we have it underneath everyone knows because i want to be involved. >> entrepreneurs.com >> thank you for the kind words and everything you do and your inspiration. >> i love you on the show.
7:00 pm
>> thank you >> thank you so much >> that's damion john and founder of fubu. one of the most inspirational people there is always a market some where. i promise to find it just for you right here on "mad money." i am jim this is the news >> people are voting as if their life depended on it. >> politics collides with covid. brand new cnbc polls show the race getting tighter a controversial new challenge. give healthy people an unproven covid-19 vaccine then intentionally inject those people with the virus. who would step up and volunteer for that stimulus showdown. as leaders try to make a deal, billions of dollars already earmarked to
135 Views
IN COLLECTIONS
CNBCUploaded by TV Archive on
![](http://athena.archive.org/0.gif?kind=track_js&track_js_case=control&cache_bust=152557161)