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tv   Mad Money  CNBC  November 3, 2020 6:00pm-7:00pm EST

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tomorrow >> an exciting 1:00 a.m. to 5:00 a.m. we have coverage all night >> but that is the
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why it matters so much the big difference between trump and biden socialists i think it is the end of the viciousness and the embarrassment and the anger.
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trump hate them or like them he's the most polarized candidate i can remember once the race is finally over, there is some tensions dialled back regardless of who wins. in other words, maybe america can finally chill out starting tomorrow or at least this week second, there is a new found and naive consensus that our democracy is stronger than partisan would that be something? we have an orderly transfer of power if joe biden wins. a lot believe that biden will win decisively and go to bed before midnight. i have said it over and over again since 2016, you have to base your investment decisions on the hands that you are given,
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not the presidential election. last week we got hit with a 5% decline including the ones just reported of fantastic quarter. the analysts don't want to hear about big covid cost we hear more of potential regulations. amd the best quarter of the yee. the stock got hammered they were a lot more transparent about their strength of the underlying businesses including google, youtube and google class.
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insure it was a truly awful weeks. when it came in yesterday everything was fine. fourth reason for the rally, once the election is behind us, pretty much everybody presumes to a stimulus package. maybe later in january stimulus also means different strokes for different spokes heavy machinery stock wore off the infrastructure bill. i am skeptical because these projects take forever. it makes sense as a trade always has. even as covid cases spiked, there is a recognition that the economy, real economy is actually getting stronger. remember jim fisher from waste
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and management getting stronger if you have to get stuck at home, you rather live in a big house than a tiny apartment. we are seeing a lot of remodelling where you can safely entertain your friends remember last night miss renkene talki talking about it there is so much demands that i feel confident recommending ford and now general motors if you move to the suburbs, you need a car to get around plus, the strength is 2% of everything from steel toplasti to the railroads did you see those?
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i think it is possible really are having a v-shape recovery of sorts. although who knows if we can keep it as the pandemic spirals out of control again as we approach to president tru trump's first term, i am struck by the fact that there are not many trump's stocks. oh, i got one. that got a boost of the chinese. if biden wins, wall street general -- there is one thing it hates is the trade war with china. i am in favor, so what we had so many big companies with china if biden wins oh, it is so good for nike and
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caterpillar and boeing and starbucks and especially apple all will breathe a sigh of relief more immigrants mean more demands for housing and retail higher population and higher gdp. now the big thing is here is a tie. biden wants to roll this back and raise individual taxes of high earnings. if biden wins tonight, that may put short term on the market if trump wins, we get the status quo, the status quo is pretty darn good to stocks. both could lead to sell-offs the bottom line, i know everybody is worked up about the election today the stock market says don't worry, be happy, whether it is trump or biden, your portfolio is going to be all right. if we get clobbered by electoral delay or any other reasons, i am telling you right now, i want you to prepay to do zombieing.
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jas >> i have a question of uber and lyft how do you see uber and lyft in 2021 do you believe in faang youths for 2021 >> all i can tell you is that 24 hours from now we'll know a lot more than now. it will be ill advised for me to go on something we will know it will change things dramatically i don't think either company's business model can survive how about go to chris in texas >> booyah, jim >> i want to wish my wife a
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happy birthday this week >> definitely. >> and to your wife as well, i think she has a birthday this week >> yeah, she's turning 35. wow. she told me to say that. >> my wife as well >> i am a teacher and on an episode last week you said to listen to our children for exciting stuff all of my students are playing o online games among us and even congresswoman alexandria ocasio-cortez is playing gamer is a platform of game engine stock wear. >> you and i are in the same break. this is very for real of unity i liked yuunity. i like snow flakes, too. i encourage one or two in a portfolio and unity is a really
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good one yes, listen to your kids, chris. let's go to tony in north carolina >> oh man, it is a great day in the office the whole team is here >> thank you for taking my call. >> my pleasure >> company earnings are coming up next week and sk of tof course of the ele. what are your thoughts of grow generation >> i know there were a short base of this when they report the shortage, they knocked it down immediately. be bed bath and beyond, the stock was up tremendously. this was the home depot for cannabis let's see what they have to say.
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i am going to craig in new york. craig. >> i have a significant position in american tower. should i keep it there or diversify it >> the guy that made us 250 points is the name jim taake we don't know much about the new ceo. i think he's going to turn it around the last quarter was not that perfect. if this election is making you nervous, believe me, you are not alone. today the market says don't worry, your portfolios will be okay "mad money" tonight, election night is here with the unknown i am going off the charts to find out what to buy if you want to protect yourself against any economic unrest. it is similar to the previous
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show then the market hung onto a rally ahead of tonight's historical election. i am getting on tonight's coverage your money and your vote with shep smith i am going to talk to the power of america's innovation, the company's amazing ceo and great advises. i would stay with "cramer. don't miss asecond of "mad money," follow @jim cramer on twitter, have a question tweet cramer #madtweets. send jim an e-mail at madmoney.cnbc.com or giver us call at 1-800-743-cnbc miss something head to www.news12/easte madmon. you doing okay?
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it is a surprising strong session. many thought election day may be brutal maybe we got the pain out last week let's talk about the future. they're coming regardless of who wins we know covid cases keep on spiking. we had 93,000 new infections yesterday. i think that's goichkng to havea chilling effect on any business for people to show up in person. schools shutting down and forcing parents missing work democrats may want more spending for republicans. with the small bail-out package, we are dealing with trillions of dollars of the government borrowing. we are hearing a lot more of the hand ring of the deficit
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possibly tomorrow. so what do you do? what do you buy? if you want insurance against inflation or general economic chaos? you need some goals. that's why we are going off the char charts she's one of my colleague. look at that that's incredible. gold prices have rocketed higher over the past 12 months. they pulled back a little bit. check out the weekly chart of the continuous goal futures. even after the recent decline, gold remains at a high that's a pattern of higher highs and lower lows
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when she looks back at 2013, she sees this pattern. it is known as symmetry. that's what she looks for. many of these declines have been similar in size. taking gold down to 265 and 262. they suggested to find a bottom between 1,827 in 1853. that's where gold has been in supportive the last of couple months right now it is over $1,900. it could resume its long march higher how much higher? it is going to take out 2153.99. i want that money.
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broden is really confident of what she sees in the daily chart. let's take a look at the daily chart. that's the weekly. we go to the daily last week the precious metal pulled back. we saw a quick pull back the lows held and now gold is bouncing around again. more importantly, you got gold, she looks at the past ring in a given security a series of numbers repeating over and over. the results, a critical date for goal, she saw a cluster of fibanacci time sure enough the actual low came in on october 29th she's been so spot on this
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that's why we are spending time on it. broden wants to see gold taking out some key levels. 1910, it is interesting level. 1919 and 1922. if she gets beyond those it is going to be really smooth sailing. as long as it hangs in above the mid 1800s. call her a buyer i think she's going to be dead right. here is the bottom right the chart is interpreted by callen broden. if you don't own some right now, pick up some shares, barrick gold let's go to thomas in virginia thomas >> jim, booyah >> what's going on
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>> first time caller >> lac, lithium america, lithium for the iron battery for tesla and general motors and ford, is it a good buy? >> no, it is too dicey i read about hydrogen every night. i know elon musk does not care for hydrogen i hate to ever being on the other side of his trade. i think i like hydrogen and his batteries. plug power guys, don't get too carried away i do believe hydrogen is the fuel of the future because of how much natural gas we have remember that's green hydrogen math f matthew in california. >> hey mr. cramer, how are you doing? i am a huge fan of the show. when i enter the work force next year, how much time i spent each day and week focusing on
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managing my savings and investing in the mark. >> i actually want you to do a lot. i want you to get comfortable or start paper trading and i want you to get confident i don't want you to be in too many speculative stocks. i want you to find a group of group stocks you are too young to own values. after you get $10,000 in an s&p index fund congratulations. i think it is great. the chart of gold is going higher you can buy some barrick gold. mark bristle is doing a great job. much more ahead including my exclusive with thermo fisher what does the outcome mean for
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the stock? this is the finest company of america right now. i am revealing the five biggest misconception from ts from the presidential election. as polls begin to close in the coming hours, i am getting a preview of cnbc's coverage, your money, your vote, with shepard smith. so stay with cramer. ♪ at calvert, we know responsible investing is hard.
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a knock out punch because three states across the top that trump has to get one of to stay in the game. if he can get one of those four states, florida, georgia and north carolina and ohio. that could be game over. florida is going to take a little while because florida is always close they had 9 million votes the line in broward county they usually have, not really there
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today. georgia now seems to be go around these nine counties that surrounds atlanta, that's where it is mobile and diverse and more educated. that's a spot that if those numbers come out very large, georgia could swing to the left. those are the kinds of things that could make change in america. >> what i am hearing, shep, is that many of us are focused on my home state, pennsylvania. is it possible that it may not matter >> it is possible that it won't matter but it is possible that everything could come down to pennsylvania you no at tknow the rules theree the way they set them up they won't count the vote until tomorrow the path for donald trump is so slim if he gets past all those obstacles, it could come down to pennsylvania and it could be a legal slope. >> let me ask you something, are
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there late voters? could they make it so we won't be too hasty in florida? >> i don't think so. the further south you go, the further north you really are and the way people go. that panhandle, escambia and bay county the panhandle, that's traditionally all red. south florida, miami-dade, broward, that's largely a blue area we always talk about the i-4 corridor sort of deciding what florida's going to do. it is sort of suburban and white and middle class that part of florida has changed. it is much changed now that's not a solidly red segment anymore. >> i can't wait to listen to you. i will join you. i love you on the network. you have done an amazing job we have got unbelievable coverage with shep
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it is a wild time, can't wait to see shep >> thank you >> we'll see you then. >> we'll open up the phone line in california. let's go to jim in california. >> jimbo i have been listening and learning quite a few years and because of your recommendations and investment rules, no individual holdings over 20% of your portfolio, i have this year repeatedly sold several stocks and now looking at big capital gains and that's for a big jump in my tax bracket. >> all right >> two big questions, i have sold everything i have and had a lost capital gain. number two, the future, what do i do to avoid this >> it is a big portfolio issue i said look it is important that
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you recognize portfolio discipline i think you have done all the selling you need to do understand that you didn't do wrong. can you imagine if the market went down big? i would come back and say the discipline that trumps conviction you did the right thing, now you can hold on. the market comes down, maybe it starts to trend all over again >> doing good. >> what are your thoughts and how could investors head to their position >> there are so many different companies are doing it i am quite confident in science. i know that i was mocked in new york times i am confident in the people you have to roll with the punches on this one. i don't think you will see anything beyond the first quarter and the reason is because unless you are one of
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those areas as as hot spots. you have to define covid anyway, we got some time first quarter. alexia in new jersey >> hello, thank you for all you do for the individual members. thank you for advocating math so diligently >> you bet, i am unstoppable tonight. unstoppable. i will not be stopped. >> you are awesome >> thank you >> our question is about tdoc. is it still buy buy buy? >> it is going to be the think tank of healthcare
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the think tank of healthcare we have to be longing. take your time and do it right democrats, republicans, independents, we are all cramer americans here stick with -- cramer
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as the most acrimonious election, i don't want to lose sight of the feedback thact thao great things in this country i want you to look at thermo
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fisher the pandemic hits, thermo fisher steps up a couple of weeks ago, the company reported a spectacular quarter. this was maybe -- they beat the p p preannouncement. i bet it keeps on swinging don't take it from me. let's check in the chairman and ceo of thermo fisher, mr. castro, welcome back to "fast money. >> thank you for having me >> you have done more to try to stop this and that's not including politicians and it has done a remarkable job. you are the gold standard. can you explain to people you took a machine that you have adapted it and created something
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that really saved tens and thousands of lives >> our role has been support government, hospitals and doctors around the world to fight the pandemic as the largest diagnostic company, we took our pcr instrument which is used for telling you whether you have the virus and scale up the test kits so we can supply the united states in a dramatic way so that people will have the information they needed to know whether or not somebody has the virus >> it is a remarkable ramp up. you had the capacity to do 5,000 tests per week we are talking about 20,000 tests per week and when you talked about the different combo kits you have, i think you will be doing more than that, correct >> when you think of the capa e capability we have the capacity to do 20
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million tests per week so it supports the labs around the world if you think of the pandemic happening. we supported more than 100 million pcr test to tell a doctor whether somebody has the virus or not it has been an amazing ramp up from literally no revenues and no sales in the beginning of march until that type of scale >> how were you able to do 20 million tests per week where are these machines >> the instruments are across laboratories in the united states, major hospitals and you would find it across the world 20 million is the kit that you run on instruments to say whether or not somebody has the virus. >> you have a pool test where there is not many people that have it so you have to do individual test for everyone >> yes, you pull samples and that way you look at if there is a positive, you can do a retest to figure out who's positive
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if they're all negative then you don't. what tells you is pcr is the gold standard because it can detect the amount of the virus and give the community what they need >> the pcr machine may be able to turn around quickly >> what's the hope in terms of the holy grail which is fast turn and almost 100% accurate. >> we just launched the product called amplitude, it is the highest volume instrument for pcr testing. it can do about 8,000 tests a day on a single instrument platform that allows them to be able to get rapid turn around time on those pcr tests. you can get the results very quick. >> who can possibly do 8,000 tests a day? don't you need like 25 or 30 clinicians >> no, it is incredibly
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automated so really it is just a couple of technicians you can do that at a time >> that's the beauty of the sch system there is been so much labor going on and all those things get complicated. we simplified it >> you did have this great investment day and one of the things i saw the investment day that you work with all the companies that's doing and in a position to be able to give me some comfort and the rest of america. are some of these guys going to come through and save us >> we are involved in 250 projects of therapies and vaccines we are involved in two different ways providing the technology to make those products, using our manufacturing network over 40 factories to produce which ever
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ones successful clinically based on what we hear and see what our customers are optimized about. >> the numbers here are extraordinary. the growth that you had and i mean you did the first quarter, delivering 2% organic and by q-2, you are delivering 20% and it keeps on getting better and better i decided that this is not something that's going to fall off a cliff that we'll be doing this the rest of our lives >> jim the results that we have delivered is a testament to the team 80,000 work of our colleagues that i am so grateful for their efforts and their response to the pandemic the capacity that we have withsta withstand, that's going to get
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repurposed after covid for other application. we'll transition from covid response to supporting to other pharmaceuticals or our instruments set up to use for diagnostic labs and it will be used for other tests as well the pandemic will be with us a little longer and we'll be there to help our customers and when that subsides, we'll still help our customers. >> it is election night. biden administration and trump administration, does it matter >> it is our job to support which ever administration we had good collaboration with the current administration with congress we look forward supporting the government going forward to help combat a really challenging environment. >> well, you have done an amazing job. the percentage of how well you have done verses the s&p, talking about a cool 1,580%
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verses 130 for the s&p mark casper, great to see you, sir. >> thank you for having me >> mark casper i have known mark for a long time i can't believe what he's accomplished much more ahead for mr. casper and thermo fisher. "mad money" is back. as business moves forward, we're all changing the way things get done. like how we redefine collaboration... how we come up with new ways to serve our customers... and deliver our products. but no matter how things change, one thing never will... you can rely on the people and the network of at&t...
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to help keep your business connected. hi, my name is sam davis and i'm going to tell you about exciting plans available to anyone with medicare. many plans provide broad coverage and still may save you money on monthly premiums and prescription drugs. with original medicare you're covered for hospital stays and doctor office visits, but you have to meet a deductible for each and then, you're still responsible for 20 percent of the cost. next, let's look at a medicare supplement plan. as you can see they cover the same things as original medicare, and they also cover your medicare deductibles and co-insurance, but they often have higher
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monthly premiums and no prescription drug coverage. now, let's take a look a humana's medicare advantage plans. with a humana medicare plan, hospital stays, doctor office visits, and medicare deductibles are covered. and, of course, most humana medicare advantage plans include prescription drug coverage. in fact, in 2019, humana medicare advantage prescription drug plan members saved and estimated 7,800 dollars on average on their prescription costs. most humana medicare advantage plans include a silver sneakers fitness program at no extra cost. dental and vision coverage is now included with most humana medicare advantage plans, and you get telehealth coverage with a zero dollar co-pay. you get all this for as low as a zero dollar monthly plan premium in many areas, and your doctor and hospital may already be a part of humana's large network. if you want the facts, call right
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now for the free decision guide from humana. there is no obligation, so call the number on your screen right now to see if your doctor is in our network, to find out if you can save on your prescriptions, and to get our free decision guide. humana - a more human way to healthcare. it is time for "the
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lightning round ." are you ready? let's start with jim in north carolina >> hey, booyah >> long time listener, first time call. love your show you do a great job, thanks for all your advice. >> all right >> i want to find out your opinion for the stock that's been up the last two days. 14%. i want to know your opinion on fsr, fisker. >> it is a decent speck. yes, i am giving you that after interviewing mr. fisher twice. it is a great stock. pointing me in the right direction, john in florida john >> hi jim, thank you for taking my call. >> thank you >> the stock i want your opinion
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has a unique way of fighting cancer, they're in multiple trials right now and various cancer, 15 buck on merck if you can get the ceo on, is this a good time to add to my position for novocure. >> the stock has come down i believe in the technology. i think it is fantastic and can extend the life of people. i think it is great. let's gos to michael in florida >> thank you for your guidance during this time we appreciate it my stock used to be called seattle genetics and now it is called seagen.
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>> boy, i did not like it one bit. that's it. i did not like his notion. look, people are not getting their cancer treatments because they don't want to go to the hospital cla clay, come back so we can find out what's going on with your great company. i need to go to ben in new york. >> booyah, gjim! >> what's happening? >> thank you for your show and it is very important during this time the stock i am calling about had a merger, and it dropped down 40%. what happened? >> all the solar stock sun run. >> which is why i default to sslr for solar there is also a lot of people in the trump environment that it is
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not going to be a home run let's go to mark in florida. >> hey, jim. i am hoping you will share some of your great insights with me i thought with the spike in covid that fewer people would be returning to their office and working from home so i thought it is a big positive for big lots t it had a $61 price target. it is under performing the mark. >> a lot of these are. >> he told me it was a buy in the single digits. i am not a big fan but at least there is definitely some great idea that is the conclusion of the lightning round. the ghing unlitnrod is sponsored by t.d. ameritrade
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♪ ♪
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the election is almost over, let's go over the five biggest misconceptio misconceptions >> democrats if they take congress in the white house, they'll slash the defense budget democratic politicians lover spending money at one defense.
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>> i like it good amanda lamanagement you may want to consider raytheon right now that's a disaster. that could turn around next year though lockheed martin. they are just incredibly cheap i bet he turns things around they had a lot of competition. if there is as blue wave to be had, we'll see big changes in healthcare and break down drug prices oh please. we heard that before we heard it with bill clinton and ended up doing nothing we heard it with barack obama that was a huge giveaway and the pharmaceutical they did great biden wins, buy the healthcare stock.
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buy them don't sell them. bristol myers had a good news with the new drug. third, biden will be bad for the oil business not so fast. biden will be bad for drilling but that's good for the oil business because tlas huge supply right now making it harder to drill will drive up prices for producers. that means you buy more at the pump chevron, think about it like this we had four years of drilling under trump and oils are 30 bucks a barrel the banks will do worst under biden than under trump there are many democrats who would love it. the status quo is great for the financialist they can't buy back stocks there is a lot of things they
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can do under biden's administration but not trump's they don't like surprises and uncertainty. trump wants to keep you on the edge of your seat. biden is boring. the banks love boring. if he wins, i would double down on the stock of my own of the challenge trust. final myth the democrats want to break up big tech man, i wish. i realized that a break up would be huge for shareholders these businesses will be worth more as independent companies and same goes for amazon however, the democrats won't break up with anything let's knock it off i doubt they can find a judge to play along why does this misconception
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continue to exist? we want to believe everything is on the line and something is not on the ballot. big business gets what it needs. like it or not america is a capitalist country. one election is not going to change that especially when both candidates like capitalism is just fine. >> i am joining shepard smith and the rest of the amazing cnbc bench. melissa lee, and more for non stop election coverage your money and vote on cnbc tonight. ill li there is always a bull market some where, and i promise to find it for you. i am jim cramer, see you tomorrow the news with shepard smith starts now cramer, it is time
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with some luck, this election will be decided in a few short hours. these states are about to make some decisions here. close states are georgia, indiana and kentucky and south carolina and vermont and virginia of those, georgia is the one we'll be watching closely on the path to 270. the electoral college votes and the presidency on the line nbc news classifies georgia as a toss-upstate it is historically bright red. in addition, past georgia, mit romney beat president obama there in 2012. president trump beat hillary clinton in georgia four years ago by 5 there is a growing aftfluent in suburban atlanta one of the opponents will be known inside atlanta president trump was in georgia for the last few days in short
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both sides need the stage. georgia allowed mail-in ballots and early voting for 18 days it reports 3.9 people voted early. that's 90% of votes cast2016 democrats believe they'll lead in the early voting. republicans are betting it all on turnout today and here we go. it's 7:00 on the east coast. 4 p.m. on the west coast i'm shepard smith at cnbc world headquarters and the polls have just closed in these seven states nbc news projects the state of indiana goes to president trump. indiana was likely red before tonight. in 2016 president trump won it by 19 points over hillary clinton and tonight nbc news projects he's won it again first state of the night to the incumbent. the state of georgia, too early to call. too early for a pr

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