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tv   Mad Money  CNBC  November 5, 2020 6:00pm-7:00pm EST

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it has some are more growthy names, like a zoom, staying with the faangs. >> five seconds. >> fire eye, you . 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 i'm just trying to make you some money. my job is not just to entertain job, teach you, so call me at 1-800-743-cnbc or tweet me @jimcramer.
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what can you say about a stock market that is worried despite all the craziness, all the lunacy dow surging 533 points nasdaq pole vaulting 2.59% >> that was easy. >> we've got the possibility of disputed election. the president firing off lawsuits in the states where it's close we're seeing more than 100,000 covid infections per day unemployment could be spiking as government-mandated covid shutdowns loom doesed the market suddenly love uncertainty and out of control pandemics? is that's what's happening isn't that supposed to be the opposite of what occurs with stocks we're going to blow some doors off here today i'm going to tell you what's really happening i think investors in this nutty time are starting to embrace a new way of looking at equities we're hearing now for the first
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time in my career that stocks, stocks have become repositories of real value, and i know that's driving all the old-time professionals. they don't want to hear that we're hearing that the nature of the asset class is changing and we need to be consider what stocks might be worth versus other investments for the long term in other words, maybe stocks are worth more than we thought, all stocks if only because it's all relative, isn't it it's all relative. and maybe everything else we used to revere is worth less today i listened to jay power, federal reserve chairman, one of those monthly conference calls, explaining how he'll do whatever it takes to keep the government going. he knows things are in trouble, right? but he needs, and i quote, all of government working together, end quote. i wanted to laugh. jay, come on, man. that's not possible. nonetheless, powell will do his part to prop up the corporate side he can work on that side of the table, bonds the fed's bond buying. he's keeping many companies alive in this market without powell, do you think the
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airlines and cruise lines would be trading they'd be dead in the water. they'd be in their third package bankruptcy, for heaven's sake. have you seen the balance sheets but powell's bond buying is taking awaythe balance sheet risk if you're a troubled public company with public debt, this man is your guardian angel unfortunately, there's only so much the fed can do. their toolbox doesn't work for small and medium-sized businesses that i'm always talking about here because that's one of my causes, okay? and that's where congress has to come in to help. the hospitality industry employs 14 million people who are hanging on by their fingernails right now. as it gets colder and covid keeps running rampant, more and more of them will lose their jobs because they can't have a lot of people inside the restaurants and bars without having the viral load go too high and people getting sick jay powell can't extend his safety net to them which is why our elected leaders need to step up with another stimulus package even as so much of the big
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economy represented by the stock market is doing so well. it's not the real economy. but it's the stock economy still, the fed's far from powerless. if powell wants to save the economy, he needs to keep interest rates extraordinarily low for a long, long time, right? that's his gig what does that mean? wow, maybe bonds aren't so good right now. i shouldn't buy them wrong, wrong long considered a fabulous repository remember that word repository of wealth has become a lot more capricious, mercurial, uncertain. you barely make any money at all on bollands. the risk-we ward seems okay for the moment, maybe. although when powell's done stabilizing things i can't imagine a reason in the world you'd want to be in any bond so bonds have lost their luster as a repository of wealth and it might be permanent, but what about the repository of wealth that stocks represent? i remember the day i first walked into goldman sachs, it
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was 38 years ago i got schooled by someone who is now an old friend about the value of stocks versus bonds that's why i went to goldman i loved stocks i had all these tremendous ideas, i wanted to tell everybody about them needed enough stocks to create a jim cramer index he looked at me and he said, never mention those stocks or any other stock ever again, ever i was like, what are you talking about? i love stocks. he told me -- he let -- let me let you in on a little secret, stocks, they go down bonds, they don't go down. i said, but i could never make that promise i wanted to make people money. this is goldman sachs. he basically said i didn't know what i was talking about, especially the clients i'd be talking to were already rich you only need to get rich once all these people wanted to do was simply preserve their
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wealth they didn't care about generating huge gains i couldn't deliver on anyway. okay stocks go down bonds don't. but what if they actually wanted to own stocks, i asked and he said -- i had to discourage them at all costs to buy a stock. if a single stock went down and they lose money, we'd lose the whole account. let them buy a couple stocks make sure it's their own ideas you keep your ideas to yourself. as it happens, i ended up doing both i helped my clients stay rich and kept my ideas to myself. invested enough money to own my own hedge fund, retire and do the darn show. that's my life's arc right now it's all right could be worse it worked out well i think. but what does the story have to do with today's miraculous rally or the endless rally frankly, everything. everything no one else is talking about it. you see, if you put me in charge right now at that hallowed division at goldman sachs, i'd say when rich people come to see
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you, you have to tell them that they need to take less risk and preserve their wealth. that means they need to own a lot fewer bonds and a lot more stocks yet this year we're witnessing the passing of the torch bonds were the safest assets in '82 back when treasury's yielded double digits. now they're riskier than anyone thinks sure, you only need to get rich once, but if you want to stay rich, the old list won't work anymore. the truth is for many companies that we follow, the equity side is a much better, safer side a much better repository of wealth for you, the individual, than the credit side not all of them, but a surprising number. think about it, what's 25% of this market? the microsofts, the apples, the facebooks, right they are sitting on more cash than most countries. microsoft's got $138 billion collectively they're richer than everybody. think about it, they survived
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the great recession and what happened they came out stronger the countries didn't in the great pandemic they're not just thriving, but they are actually putting up unbelievable numbers. the countries, they're hoping to survive. these guys are thrive. they haven't been touched by our crazy presidential politics at all. it hasn't laid a glove on them if fact, these big tech ceos are so statesmen like, they make most of our politicians -- facebook, apple, amazon, microsoft, pham, they'd be prime target for gold finger sean connery's bond would stop him. no, i take that back forget bond. james bond from now on it's stock, james stock. because these stocks are the new repositories of wealth that said, it is a brand-new
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thesis, i admit that even newer than the love affair with bitcoin you might dismiss it out of hand, but in a world where somebody creates a fictional currency and nobody knows where it exists. gold bonds are okay. that's better than staring at a ledger the real lesson on this week of this month of this year is stocks are the ones that don't need government help here. bonds do the bottom line. that means if you're a young, wet behind the ears broker at goldman sachs, i would tell you to forget all those bond ideas just tell your clients to buy the stocks of terrific companies with fantastic nation state-sized balance sheets you'll do much better with a heck of a lot less long-term risk and more dive contendidends the best way to look at it, you only need to get rich once, but you need to own stocks if you're going to stay rich debbie in georgia.
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>> caller: hi, jim how are you today? >> i'm good, debbie. how are you? >> caller: very good i want to say thank you so much for doing the show the fact that you do it every day day in and day out as well as "squawk on the street" and all the other things you do, i really don't know where you find your energy. >> you're very kind. i find my energy, debbie, because people like you, nice person in georgia calling in not asking about who stakes what state and this or that which i don't care about trying to make it better so you can do better in real life how can i help. >> caller: okay. anyway, i bought a small online luxury conassignmesignment stoc. it recently went down to $13 and today it made it to $15. but it looks like it will come back to where i bought it. it reported decent increases in earnings and due to report again on monday. i'm curious why this online
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retailer is not growing at the same rate of some other online retailers. is it time for me to sell it on a loss what do you think the real deal is on the real reel. >> my wife loves real reel she got a check for $24 yesterday. went to bank what are you doing putting my deposit -- whatever i would say this, real reel had some issues involving -- it's actually brought up by this network involving some reliability issues going to have to stay at it for a while. a lot of people don't necessarily want to buy other people's clothes, that kind of thing. i believe in the model long term, you need faith by the way, i felt the same about stitchfix in the 20s people laughed now that stock's at 37 kevin in new jersey. >> caller: i want to talk to you about thompson reuters up nearly 80% in the last two
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years and just reported great q3 earnings despite covid set to benefit from the london stock exchange's purchase in q1 of 2021. >> right. >> caller: hold a 45% stake, i'm wondering what you think about tri and the long-term prospects. >> i like it look, we talk a lot about square, which had a great number paypal had a great number. i regard thompson reuters as an excellent fin tech company it's run really well i remember periods it wasn't run nearly as well as it is now. i think it's a great stock all-time high today. well played. okay investors are looking at equities beginning in a different way, and i'm telling you, believe me, this repose tore of wealth theory, when you hear it from other people, you heard it here first. i'm going to drill into your head that stocks are safer than bonds on "mad money" tonight the right stocks americans are chowing down on pizza during the pandemic and papa john's has the results to prove it that's a very good example of what i'm talking about, by the
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way. unbelievable numbers great balance sheet. sit down with the ceo and crunch numbers with him. the presidential election may be making headlines. you may have missed yesterday the u.s. reported the most covid cases since the pandemic started. i'm going to focus on companies key to testing and tell you which ones are worth owning. in 2020 alone we've seen 7.2 million background checks for firearm sales. i'll talk with one of the largest bullet makers in the company. but the company does a lot more than just bullets on what he's seeing in terms of demand. stay with cramer 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 mi setssomhing head to madmoney.cnbc.com. our retirement plan with voya gives us confidence.
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with covid infections hitting new records, this is the right time to swap back into the pizza delivery trade take papa john's after the first wave of the pandemic hit, this stock more than tripled from its marlows to its highs a couple of months ago. however, over the course of september and october -- covid winners went out of style and part because their cheap rival domino's reported a suboptimal quarter. papa john's reported their own third quarter results and the numbers were incredibly strong domestic sales only grew by 23.8 wall street was looking for 24%. still, most restaurants would kill for 20% right now jumped 8% today. taking it back to the low 80s.
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now that the next wave of the pandemic is upon us, sadly, i think it's got a lot more upside let's check in with rob lynch, welcome back to "mad money." >> hi, jim great to be here. >> rob, these are incredible numbers. as an old journalist from the times when i used to write stories, you buried the lead, my friend in the conference call you responded to one of the questions and said we've added over 8 million new customers this year. how does an old company add 8 million new customers? >> we just keep cranking out great products and keep talking about them in a way that makes people excited we've rebuilt this innovation pipeline i know you've tried our papadillas and they're a huge hit. we just launched a cheese burger papadilla. people are loving it when you create great food with better ingredients, people tend to come. >> it doesn't hurt that you had
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the shaqeroni. i have not had that yet. apparently not doing well for both you and for charity. >> yeah, i mean, shaqeroni was a huge success for us. it's the first time our system has ever launched anything like that it was a larger than life-size pizza with the biggest cuts we've ever launched and we sold over 3 million of them raised over $3 million for charitable giving. you know as well as i do, jim, there's never been a time where there's more charity needed right now and we're happy to give back to our communities. >> i think it's important you gave to causes that fought racial injustice you supported boys and girls clubs of america the united negro college fund. these are not idle gifts these are leadership gifts that are changing what these organizations can do, correct? >> wow, you gave me goose bumps there, jim yeah, i mean, we're really proud of being able to help out right now. there's a lot of people in need. there's a lot of things that are happening where people need help and we're happy to do our part. >> now, when i looked at your balance sheet, you have so much
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room to do so many different things i found myself thinking when i first sat down with domino's, when pat doyle took over, he explained to me the economics of it he said, you know what, if this hums, you generate a huge amount of cash. you are generating a gigantic amount of cash what is the next big move for papa john's? >> you know, we're just getting started, jim we're going to continue on with our strategic priorities we're making big investments in our compatibilities, including our technology platform. as you know, we're an ecommerce business 70% of our orders come in through digital channels and so we're making big investments in technology. we believe that technology's going to be a bigger part of the business model moving forward, but we're also investing in our restaurants and improving the productivity of our restaurants which benefits both us at the corporate level as well as our franchisees. every great franchise organization is great because of its franchisees. the more money we can make our franchisees, the better we're going to be long term and
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they're going to start investing that capital back into our system and opening new restaurants. >> is anyone ever worried there are too many pizza places? you're talking about opening 1,000 net new restaurants over the next five years. i mean, is there a saturation issue? >> you know, we are a global business we operate in 48 countries our competitors operate in almost double that so we have a huge amount of white space internationally in marketing like japan and australia and most of -- most of europe so we have a great global footprint with a supply chain and a distribution network that's ready to scale. we just need the franchisees we've been working on that over the last year and we're really excited about the growth opportunities that those white spaces present to us. >> you also did something a little iconoclastic. you did an hb restaurant deal -- i know this because i'm from philadelphia you signed the largest traditional store development agreement in north america in over 20 years. why do that way? >> well, there's a lot of excitement right now around getting into the pizza business.
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as you called out, you know, pizza, we talk about as being pandemic-proof more people are staying at home. the more they're going to need us to help them out and we're happy to serve our community so franchisees right now that belong to other types of systems that have been impacted by the pandemic and see this as an ongoing situation, they want to invest in the brand. they want to invest. we're the -- we have the most white space of any of the major players in the pizza industry. >> and once again i want to remind people who don't know your brand i had to learn this when i met shaq the number of ingredients in one of your pizzas >> our dough has six ingredients. no artificial colors no artificial flavors. when, you know, when this company started it was a foundational principle that we were going to have better ingredients to deliver better pizza, and we stayed true to that the whole way it costs us a little more for our ingredients but we feel that's a differentiator for us in this industry. >> yet you still have even after the expense, plenty of money for technology to keep up with that other company that comes on and tells me all the time they're a
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technology company that makes pizzas >> yeah, we're a pizza company that leverages technology. so that's our little twist on that. >> well, they do them both you guys are able competitors and there's obviously -- >> nothing but respect for those guys, jim. >> they do of you, too a lot of room for you to run thank you so much, rob lynch, president and ceo of papa john's pizza. congratulations on the great quarter, sir. >> thanks, jim thanks for having me on. guys, this is a great business, whether it's the pandemic or not, it's always been a great business. not that much goes into a pizza, but there is innovation, technology and management. these guys are on fire i like papa john's stick with cramer. (♪ )
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yesterday we reached a grim milestone in this country. 103,000 new covid infections, a new record deaths are surging, up 1,116 in a single day 20 states set single covid-19 daily records. the pandemic is once again out of control but, and this is a big but, we're finally getting our act together on testing. accordinglying to the covid-19 tracking project, we've conducted 150 million tests cumulatively since the pandemic began. in fact, we've been averaging more than a million tests per day since late september yesterday hit 1.25 million that's huge. although we need even more given these hideous case numbers still, massive testing is one of the first steps to containing the outbreak which is why tonight i want to talk about the companies making this possible. we always knew covid testing would be a big business, but no idea this big. the amount of money is staggering who is cleaning up on the testing front and what's the
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best ways to invest in it? well, first, we got to start with thermo fisher tmo. since ceo mark casper came on just the other day, he told us some very encouraging things and we got to go through them. among the first companies to get approval for a covid-19 test back in march. you know they're now making 20 million test kits per week and these kits run on their massive install base of lab equipment. in august the company rolled out a new high through put diagnostic machine called amplitude that was process a staggering 8,000 tests per day with very few technicians which matters because processing has become a major bottleneck. you string a few of those together by february and you may have a covid-free packed super bowl working on a new pool testing kit, a more cost effective way to spot covid flare ups in large populations like schools or office buildings if there isn't a positive among them you're spared the
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individual much more costly test a dual covid-19 and flu pcr test, which i guess we're going to need. reagents, safety gear, even the specialized plastics for specimen containers. by the way, they're also what we consider to be a major arms dealer to the vaccine industry now, we know their business is on fire because they reported magnificent quarter last month we're talking about almost $1 billion revenue beat that's extraordinary with 34% organic growth off the charts and $5.63 of earnings per share. wall street was only looking for $4.33. free cash flow came in well ahead of expectations. the guidance for next quarter was terrific staggering on the conference call, mark casper said the company generated roughly $2 billion of covid-19 sales, although that includes supplying drug and vaccine developers the analysts only expected a
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little over $1 billion you don't get these kinds of beats without amazing things happening here the only problem, yes, the stock's had a remarkable run up nearly 59% for the year including a 40-point gain last week let's take a step back for a second long term, it's up 1,652% over the last 20 years versus a hisly 155% gain on the s&p 500 over the same period. next up -- here's the diagnostics and medical imaging play we used to associate with women's health breast cancer, cervical cancer however, they came up with a covid-19 pcr -- remember, that's the gold standard. pcr test this is a very serious business line for them. in may they got approval for another one they can produce to be even faster delivered an excellent quarter in july and raised their forecast even that bullish guidance turned out to be way too conservative
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this morning the company posted a huge top and bottom line beat, just extraordinary, with a much higher anticipated forecast for q2 listen to what ceo stephen mcmillian had to say on the conference call. in the fourth quarter alone we produced more than 50 million molecular diagnostic tests an average of roughly 2 million covid tests per week we sold more covid tests this quarter than we ever produced of all our molecular tests end in the quarter. these guys ramped up in an incredible fashion i guess this stock has moved up to much, well, i don't know. like thermo, it's up a lot, 45% for the year when you put pen to paper, the stock's only trading at 12 times next year's earnings 12 i give you permission to start nibbling on it tomorrow. what else? all right. let's not forget the dean of testing, abbott labs that has
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become a dominant player in covid testing when talked about by the president of the united states molecular tests, antibody tests, rapid point of care test that one takes 15 minutes. they launched their rapid antigen test a 5$5 that has a linked smartphone app that looks the size of a credit card. the app i have on my cell phone is called navica i think this could be the national backbone of a testing strategy it's your pass to indoor dining or air travel. the government keeps buying up all the supply of course from abbott's perspective that is a high-quality problem and you hear it's not as accurate. never as accurate as the pcr the pcr is the gold standard we learned their diagnostics segment was up 39% just versus the previous quarter abbott said they sold 100 million total tests and $1.4 billion in covid testing sales i've been telling you to buy
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this one for ages. i think you stick with it, as we have for my travel trust, which you can follow along by joining the actionsalertplus.com club. i like abbott a lot. how about the smaller players? perk and elmer that's a $15 million company this stock's been a huge long-term winner for us. an entire suite of covid tests, including the ones they claim are the most sensitive on the market the stock hit a new high today next up, this one's a smaller, lesser-known diagnostics play, two pcr tests, two rapid antigen tests, once gain, less accurate competing directly against abbott labs here seeing as we have a shortage of testing, competition is not much of a problem the stock is up 275% for the year and a wild trader why not let it cool down especially after a very negative article in "the new york times" that questioned the efficacy of
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one of its rapid tests i didn't like that we've got one to play with a $6 and change stock extraction free spit test for covid. while it may be less accurate than a pcr test, at least you don't have to have a q tip stuck so far up your nose it pokes your brain still a long way from the all-time high. briefly $12.45 in august i feel it's too risky for me if you want something to speculate on, it's worth looking into finally, don't forget the commercial laboratories, lab corp and quest diagnostics they process so many tests they're pretty much printing money. they had to add thousands of people that's actually been a serious problem in terms of coping for the pandemic they've been a bottle neck they're doing the best they can. those stocks remain cheap. lab corpora is doing a great jo getting the name for best test with a personal company.
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i use them the bottom line, with covid spiking and a very good chance that joe biden wins the white house, ushering in a more test-friendly administration, i bet the testing stocks have a lot more room to run let's go to saul in michigan saul >> caller: hi, jim thanks for taking my call. >> of course. >> caller: thanks for everything you do as a small investor my question is avvb. there's been a lot of volatility would you buy it at these level? >> okay, now, here's the problem. this stock went up ten points this week. look, it reported a fantastic quarter, okay? this it was just dynamite. and everybody hated it i put out a piece on action alert and said call on it. saying, listen, this is it i mean, you're not going to get a better chance to get this thing. and then it went down again for heaven's sake. others got discouraged we doubled down and bought even more for the club. and now it's just moved up ten points i think, frankly, you know what
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you got to do? you got to wait for it to come down just a couple of bucks. $10 straight is not right for a stock like abbvi this is really going to stohock you. a lot different than testing i'm going to talk about general motors, yes, the stock, and it's back while it may not be better than ever, it's better than it's been in a long time you better sit down for this piece because i've never said a good word about this company like many americans i've given up on gm they've made so many mis-steps and failed to live up to expectations for so long i put this stock on a do not buy list. i was reluctant to recommend general motors i was representing parts, c carvana, didn't matter, but not gm then i had an epiphany, totally unrelated to the stock market. often one of the best kind-my wife is about to have a
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milestone birthday you're not allowed to mention normally we would have had a big surprise party for that milestone. covid took that off the table. since we couldn't have a huge party, she wanted a huge birthday present hmm. so three weeks ago she called me over i was watching football. put on her map, said, open your mind do not be prejudice. let me show you something that might be an excellent gift oh, man. i braced myself. must be something, real expensive, jewelry, right? no, it was a short film of a hummer, the gm product, a hummer winding its way through an impassable road. i watched the clip and asked her to rerun it to watch the crab walk it can move diagonally it's crazy still, i have my doubts and with that price tag i should have what are you going to do if it only gets eight miles to the gallon shook her head and raised her eyebrows my husband it's electric, jim
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my head almost exploded. i'm not a car guy, but my wife is one of her happiest moments was test driving a georgorgeous lamborghini eurus. she loves touring around in her 1991 defender. it's her favorite. i went to the website to order one. didn't bother looking at the price. it was sold out. she grabbed the spucomputer and spent the next half hour -- it was hopeless you know what's not hopeless general motors i have consistently warned people away from this stock for 15 years i haven't purchased like the new gm post-bankruptcy, suspended their 38-cent dividend back in april. however, that new hummer is very compelling and the auto industry is on fire thanks to the covid-driven exodus from the cities to the suburbs. instead of putting it aside and maybe listening to it tonight.
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i listened to it immediately i'm glad i did wow, what i heard was very bullish. gm is making a ton of money. incredible suv lineup. deeply involved in evs, hydrogen few cells. anything that is alternative on top of that, gm's chinese business is booming. balance sheet radically better discounting, are you kidding me? selling cars at full price making tons of money on many product lines including, yes, the hummer november 19th, write that down november 19th gm repeals its electric portfolio at the barclays conference. if they tell you a bullish story, i expect much more up side even than today's 5%. you consider how much investors are willing to pay for electric vehicles nio, often considered the chinese tesla, now has a larger market cap than general motors another chinese -- there are so many of them now and they -- what they do is they go up what do you do we go up, okay
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now, i think that this could happen not like nio, but it could be a real catalyst, that conference don't forget, my wife is the reason i recommended tesla last fall and that stock's been a rocket ship. now she likes gm's lineup and so do i oh, the birthday, i got away with taking her to the best restaurant in new york cheaper than a hummer for certain, but from the looks of the video, not as much fun let's take some calls. why don't we go to joe in north carolina joe? >> caller: joe? joe? how about we go to -- oh, i don't know, who wants to be next >> jacob. >> you know what why don't we go to jacob rather than standing here and looking completely idiotic, i say, jacob. >> caller: booyah, jimmy chill how are you doing tonight?
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>> i'm chilling and grilling at this point what's going on? >> caller: i wanted to ask your opinion on rocket companies, ticker sign rkc. i picked some up in the 17 to 18 ranges i think it's going to be a great play due to their low interest rates and increase in mortgage applications i want to know, jim, how are you playing this stock >> it's a very well-run company. known these guys for a long time much better lenders than tradition traditional lenders in terms of defaults if you think we're going to continue to have the exodus from cities to the suburbs, as do i if you think joe biden's going to become president and there is going to be a wave of immigration, then this might be a perfect stock to own i repeat, a perfect stock to own. let's go to jim in california. jim? >> caller: hey, jim. good to talk with you. awesome to actually get your advice live. wow. this is awesome. >> terrific. happy to talk to you. >> caller: you got a lot of those -- i love you, man
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you got a lot of those blue shirts that you wear all the time. >> so this morning i get up and there's two pinks -- i wore the pink yesterday and then there was, like, a light purple and a light blue i realized i wore blue every single day absolutely right, my friend. what's going on? good sartorial lesson there. 32 waist 30 length. i don't know, maybe we should take some more calls this is apple watch, by the way. i used to wear one -- this is -- oh, no, i don't want to go, man. i haven't even gotten into the point of discussing this great hermes tie but you kn wt? icwi cmer.owha
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♪ for skin as alive as you are... don't settle for silver ♪ gold bond champion your skin but we are hoping things will pick up by q3. yeah...uh... boss: doug? sorry about that. umm...what...its...um... boss: you alright? [sigh] [ding] never settle with power e*trade. it has powerful, easy-to-use tools to help you find opportunities, 24/7 support when you need answers plus some of the lowest options and futures contract prices around. don't get mad. get e*trade and start trading today.
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all right. we're still monitoring the president. you know we're going to bring it to you as soon as it begins, but now it is time -- it is time for the lightning round. bye-bye bye. buy buy buy. sell sell sell are you ready? start with jim in california jim? >> caller: hey, buddy. at&t line, not the verizon line. i wanted to ask you about docusign. >> a winner, my friend a fin tech winner in an era we're not done buying homes. the way people are going to do business from now on it's too cheap, too inexpensive. we're going to go to the president of the united states. >> i'd like to provide the american people with an update on our efforts to protect the integrity of our very important 2020 election.
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if you count the legal votes, i easily win if you count the illegal votes, they can try to steal the election from us if you count the votes that came in late. we're looking at them very strongly, but a lot of votes came in late i've already decisively won many critical states, including massive victories in florida, iowa, indiana, ohio, to name just a few we won these and many other victories, despite historic election interference from big media, big money and big tech. as everybody saw, we won by historic numbers and the pollsters got it knowingly wrong. they got it knowingly wrong. we had polls that were so ridiculous and everybody knew it at the time. there was no blue wave that they predicted. they thought there was going to be a big blue wave that was false that was done for suppression reasons. but instead, there was a big red wave
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and it's been properly acknowledged, actually, by the media. they were, i think, very impressed. but that was after the fact. that doesn't do us any good. we kept the senate despite having twice as many seats to defend as democrats, and in a really much more competitive states, we've -- we did a fantastic job with the senate. i think we're very proud of what's happened there. we had many more seats to defend they spent almost $200 million on senate races in south carolina and kentucky alone. two races. and hundreds of millions of dollars overall against us at the national level, our opponents' major donors were wall street bankers and special interests. our main donors were police officers, farmers, everyday citizens, yet for the first time ever, we lost zero races in the house. i was talking to kevin mccarthy today. he said he couldn't believe it
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zero races very unusual thing zero and actually won many new seats. with i think many more on the way. this was also the year of the republican woman more republican women were elected to congress than ever before that's a great achievement i won the largest share of nonwhite voters of any republican in 60 years, including historic numbers of n
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instances and we were able to get the observers put in they wanted them o. 60, 70 feet away, 100 feet away or outside the building to observe people inside the building and we won a case, a big case, and we have others happening lots of litigation even beyond our litigation there is tremendous amount of litigation generally because of how unfair this process was. and i predicted that i've been talking about mail-in voting for a long time it's -- it's really destroyed our system it's a corrupt system. and it makes people corrupt, even if they aren't by nature. but they become corrupt. it's too easy. they want to find out how many votes they need and then they seem to be able to find them they wait and wait and then they find them. and you see that on election night. we were ahead in vote in north carolina by a lot.
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they're finding ballots all of a sudden oh, we have some mail-in ballots. it's amazing how those mail-in ballots are so one-sided, too. i know it's supposed to be to the advantage of the democrats, but in all cases they're so one-sided. we were up by nearly 700,000 votes in pennsylvania. i won pennsylvania by a lot. and that gets whittled down to i think they said now we're up by 90,000 votes and they'll keep coming and coming and coming. they find them all over. and they don't want us to have any observers. although we won a court case the judge said you have to have observers. likewise in -- and they're appealing. actually, they're appealing. we won a case that we want people to watch and we want observers. and they're actually appealing, which is sort of interesting i wonder why they'd appeal that all we want to do is have people watch as they do the vote tabulations. likewise, in georgia, i won by a
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lot. a lot. with a lead of over getting close to 300,000 votes on election night in georgia. and by the way, got whittled down and now it's getting to be to a point where i'll go from winning by a lot to perhaps being even down a little bit. in georgia, a pipe burst in a far away location, totally unrelated to the location of what was happening and they stopped counting for four hours. and a lot of things happened the election apparatus in georgia is run by democrats. we also had margins of 300,000 in michigan. we're way up in michigan won the state. and in wisconsin, we did likewise fantastically well. and that got whittled down in every case they got whittled down today we're on track to win arizona. we only need to carry i guess
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55% of the remaining vote. 55% margins. and that's a margin that we've significantly exceeded so we'll see what happens with that, but we're on track to do okay in arizona. our goal is to defend the integrity of the election. we'll not allow the corruption to steal such an important election or any election for that matter. and we can't allow silence -- anybody to silence our voters. and manufacture results. i've never had -- i've been doing a lot of public things for a long time. i've never had anything that's been as inspirational by people calling, talking, sending things to us. i have never seen such love and such affection and such spirit as i've seen for this. people know what's happening and they see what's happening. and it's before their eyes and there are many instances which will be reported very
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shortly. there's tremendous litigation going on and this is a case where they're trying to steal an election. they're trying to rig an election and we can't let that happen detroit and philadelphia, known as two of the most corrupt political places anywhere in our country, easily. cannot be responsible for engineering the outcome of a presidential race. a very important presidential race in pennsylvania, democrats have gone to the state supreme court to try and ban our election observers. and very strongly. now, we won the case, but they're -- they're going forward. they don't want anybody in there. they don't want anybody watching them as they count the ballots and i can't imagine why. there's absolutely no legitimate reason why they would not want to have people watching this process because if it's straight, they would be -- they should be proud of it. instead, they're trying,
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obviously, to commit fraud there's no question about that in philadelphia, observers have been kept far away, very far away so far that people are using binoculars to try and see. there's been tremendous problems caused they put paper on all of the windows so you can't see in and the people that are banned are very unhappy and become somewhat violent. the 11th circuit ruled that in georgia the votes have been in by election day, that they should be in by election day and they weren't votes are coming in after election day and they had a ruling already that you have to have the votes in by election day to the best of my knowledge, votes should be in by election day. and they didn't do that. democrat officials never believed they could win this election honestly. i really believe that. that's why they did the mail-in ballots where there is tremendous corruption and fraud going on that's why they mailed out tens
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of millions of unsolicited ballots without any verification measures whatsoever. >> well, we're interrupting this because what the president of the united states is saying, in large part, is absolutely untrue he began -- and we're not going to allow it to keep going. because it's not true. he began with "there were legal votes, and if they only count the legal votes, i easily win" "if they count the illegal votes, they're trying to steal the election." there is not a scintilla of evidence that this is true none there's only words here. no truth he said the pollsters knowingly got the polls wrong to create voter suppression. there is no evidence of any kind that this has happened and he's provided none. he said that they were -- there is actually a red wave in this election
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that is categorically false. he said there was election interference there is no evidence to support that and the president has offered none he said the polls were fake. in some cases the polls were wrong. it's been widely discussed that maybe the idea of polling needs to be reinvented that's for another day there's no evidence that the polls were, quote, fake. he said that observers were not allowed in to watch the counting of the votes categorically false. he said that he won a court challenge on allowing observers in to view, and, in fact, he did win a court challenge in allegheny county in pennsylvania that court challenge was specifically about the distance from which poll watchers would be able to stand if memory serves, it was 12 feet from the counters. one representative from the
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democratic party, one representative from the republican party in allegheny county, he specifically asked -- or his campaign did that poll viewers and observers be allowed to stand within six feet they agreed to do so and in allegheny county, according to reports from pennsylvania, down the count soe could reconfigure the situation so that representatives from the democrats and the republicans could stand not within 12 feet, but within six feet of the count. that change was made and then they were planning to restart. he said that they -- that after -- if you could take him out of my ear, please, he said they wanted to wait until after the election and then find extra votes for him. there is no evidence that this is true and he's offered no evidence to support it he said that he won florida bigly, i believe was the quote by 300 -

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