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tv   Mad Money  CNBC  January 21, 2021 6:00pm-7:00pm EST

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if you see a gap fill towards the 50s, that's where i think you guy it >> guy. >> getting a lot of may on -- >> time. >> anyway. >> fedex, sold off enough, fdx >> thanks for watching mean time, mad money with jim cramer starts now. 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 hi, i'm cramer welcome to "mad money. welcome to cra may ka. call or tweet me @jim cramer what a difference 14 years makes. this morning we learned that single family homes starts are
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at their highest level since september of 2006 and i'm telling you that is good news for the u.s. economy it is a dow dipped dipped 12 points and the nasdaq home of big tech climbed 0.55% 14 years ago the strong single family numbers spelled disaster because the housing boom was the great cause of the great recession but that was a couple of years away. hundreds of thousands of americans borrowed money or took out home equity to flip them and actually sometimes for the down payment. yeah, everyone was in on the game and as the federal reserve raised the interest rates we ended one a huge number of unsold homes and then the collapsing banks and the destruction of trillions of dollars in worth the whole financial system was brought brought down by housing
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and the reckless way that was bet on, and we have not recovered. the last time single family home sales we only had 298 million americans in this country. now we have 330 million. no wonder there's only a 2.3 month supply of available homes. no wonder housing prices are rising, there's barely inventory. i immediately heard a slew of commentators about how we have a dangerous housing bubble so the fed needs to start tightening and it will knock down the stocks we have to shut down housing because it's too inflationary. can anyone say it's good what a world it's insane. we have 6.7% unemployment, the economy is in danger of overheating. believe it or not, it was the first big number that i have seen that i'm happy about. it's terrific news only 10% of the economy is
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actually in housing. but you know what? we say it it punches above the weight meaning the pin action from housing is incredibly strong in this country now, with the pandemic still raging, think this is as a bridge until we have herd immunity we're vaccinating more people today and we need 2.5 million to get somewhere that's the magic number, 2.5 million. the brilliant scientists who dr. eric topol say why doesn't president biden use the defense production act to make n95 masks so we all get the best kind of protection while we we masks and we need enough home tests so that everyone can test themselves each morning. like i would be doing soon with my care test that -- this has emergency authorization from the fda. so it's good and you just get these and you do it at home.
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you just swab and, you know, couple of minutes later you find out whether you have it or not, but we haven't had the political will to beat back the interests that don't want to us to have this they think it's either not good enough or whatever when we get these things, when everybody gets them that's the end of when we get sick and we go to the office not testing ourselves every week to see whether we're sick. we want to find out before we go to work. okay, admittedly it's hard to open but that's not so bad wait until you see next week when i try them on the set you will see how easy it is. while we wait for the whole population to get vaccinated, where does that leave us america's a service economy, people in fact, two-thirds comes from travel, leisure, entertainment, sports, dining out, carousing the things that you can't do until we beat covid. i'm thrilled that we finally have a new federal policy on
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everything from masks to shots and hopefully it will include the antigen tests at home, but we have been so hobbled by the previous lack of a federal response that it could be difficult to get things rolling which means a huge chunk of the service sector stays on ice and then the one bright spot that people are saying is too overheated i like to talk about housing and the kill joys who said this number is dangerous don't know that they're talking about the booming housing market is good for this economy. this doesn't have to end horribly what makes me so confident that 2021 is different from 2006? 2006, consumer is incredibly solvent. we lamented the terrible balance sheet of most american households and now it's the opposite and people are brimming with cash. it's a major reason why the bank's earnings weren't as good as we'd like second, i know we wouldn't have -- after the crash the government set up new standards
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that make it much more difficult to get a mortgage. you can't go in there with no cash and no docs like in 2006. you need a sizable down payment or sizable document or no dice i can can't get just get a mortgage it takes a long time even with docusign sure, there are some outliers but we're perilously close to having no loan demand. too risky, the government doesn't want it. plus, buying the home is more of a necessity for the younger generation because they're tired of living with their parents and fleeing the cities in droves and many of them are having families under the same roof. yet, the demand of the price of housing is relatively reasonable last week, kb homes, big home builder reported of the areas they sell into get the numbers. 344 thousand dollars for a house in southwest, $283,000 in southeast and sure, california
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is expensive, but it's always expensive and the prices are coming down rapidly like in san francisco. that's not inflation, but status quo. that's big if you have no money. if you have no job i feeler theb but that's not inflation third, given the severe constraints imposed by covid where else do you spend your money? there are two new forces at work we're going into the hybrid mode of work. however, not working is not an option i don't know if you see it but the people who sign only on to hybrid model are working because they can't clock out many of the newer homes actually come with built-in offices because of this, but the older ones they field to be remodeled. dream come true for lowe's and home depot and they always rally when we get the good home
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numbers. it's algorithmic and it's incredible to me but at one point they'd be funded by home equity loans but now people are paying with cash it gives the painters some work though it's help you get the nice runs in sherwin williams and ppg. now, people love the stocks, wow, trax and others are trying to hire people to meet the demand and then the manufacturers, the video game plays, computer companies like hewlett-packard and dell and they're benefiting from the hybrid work style finally, people are buying homes in the country and you need a car and gm is the number one performer. i see an auto boom coming. good news for ford, by the way, and the border economy since they put people to work.
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home to cars to employment the bottom line, there will come a day that we can go back to being a fun service economy again. but we are so not there yet. think of the housing boom as the bridge that helps us get there and unlike the modern day classic, this is not a bridge too far. brandon in my home state of new jersey, brandon. >> caller: booyah, how is your day been >> not bad what's going on with you >> caller: so mgm comes up from $20 to over $31. >> incredible. >> caller: i think it makes sense to have a recovery or vaccine play because it thrives when someone is out and about. what are you thinking? >> i like mgm. some guy downgraded penn matt to the sell and he has been overrun by buyers.
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i don't think they're done it's my favorite, my fraf at -- favorite at 3 or 20. john >> caller: hey, john in new york i hope you're staying positive while testing negative. >> that's what i'm trying to do. i don't want to be one of the bloom mongerers that doesn't help anybody i'm looking at bed bath & beyond, look at that thing what's going on? >> caller: okay, i have a sector related stock specific question. basically the one thing that the democrats and republicans agree on is that we need strong middle class jobs throughout the country to get ourselves out of the debt that we're incurring and that we already have incurred >> true. >> caller: basically, that means stimulus and not stimulus, excuse me,
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infrastructure within the stimulus package now, ever since the three days prior to the president -- the new president and the administration leading up to their taking over and since they have taken over, specifically, they have re -- resaid that. >> okay. so what stock are you thinking about with this, john? what stock >> caller: okay. so the sector is the -- what i was referring to with the infrastructure is the steel stocks three major players. the reliants, new corp and the u.s. steel. >> only one that you can buy and that's new corp because we care about balance sheets and we care about business and management and new corp has the best of those with a nice yield. let's buy it and leave the less to the others? on "mad money" tonight after a summer of protests, police reform continues to pervade the
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national conversation as it should and with a new administration in washington i'm going to sit down with the ceo of axon, the maker of taser. it's much more than the taser now. i'm putting one in the biden's radar. i'm sitting down with the ceo of weedmaps boy, i'll tell you the -- we have an index at cnn about spacs and i'm going to count down all 50 of them stay with cramer. >> don't miss a second of "mad money. follow @jim cramer on twitter. have a question? tweet cramer #mad tweets send jim an email to mad ne@ccoc.m. miss something ahead to cnbc.com.
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want another way to play the new political landscape? look at an old favorite of the show, axon, which makes nonlethal weapons for law enforcement including body cameras and the software that processes all that video footage. axon's gone up to 167 around change i think axon's built an incredible business and i'm wondering if the stock got ahead of itself so let's look at it with rick smith, founder and ceo of axon enterprise mr. smith, welcome back to "mad money." >> hey, jim, it's awesome to be here. >> well, rick, you keep delivering, delivering i think we had you on when the stock was 16
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i said i didn't know that a company could be run this well and that it would have the different applications including a software business and a fly wheel. i'm looking at the annual recurring revenue, this is like a high-tech growth company the numbers that you're putting out. >> we're pretty excited and obviously i have a fantastic team of people who are helping me do it but we have had a long -- you know, 15, 16 year run coming on your show and we intend to keep it running >> you have 47% year over year annual recurring revenue i'm wondering if you have to believe that might accelerate under the change we saw in washington. >> you know, police accountability is something that both sides of the political aisle agree on in general. and, you know, video is something that makes a huge difference and we are in a great position to continue to help bring that tech to police whether it's at the federal agency, state and local.
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also i'm excited about the military candidly, i think the biden administration will take a different view of the capabilities our men and women have when they're overseas and having nonlethal capabilities if you're my son in afghanistan, i want him to have more than just an m-16. so there's a ton of growth opportunities for us. >> yeah. i'm reading a book by bing west who is the best writer about iraq and it's the new novel. you see over and over again that the soldiers don't want to kill people if they can possibly avoid it because they're trying to build nations, trying to build community. i mean, to me, i don't know, what has taken so long here, rick why haven't they done it before? >> you know, big institutions do take time to change. and i would say, you know, over the last few years there was more focus on lethality. i think we're getting into the world now where killing people
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is not productive. it foments strategically against our interests and puts the men and women in no-win situations so i think there's going to be a change of tone about the importance of having tools that don't kill that help us perform both our policing and our military needs >> after your last call i was conscious of the fact that the international expansion is -- opportunities here are far bigger than i realized most of these foreign countries hadn't discovered taser. >> yep there's ten times more police outside of the united states than in the united states. and we see that is -- probably our biggest single growth vector over the next five years. >> now, when you think about the company from when we first started talking i have to tell you i'm far more enamored of your software. the things that make it so there's more accountability and you kind of backed into it initially i was suspicious because i said, now come on.
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they're a taser company, you change the name, they're taser but when i look at the mosaic, you are a company that produces tasers at this point. >> we have made the shift. i understand your skepticism now that i have the scars on my back going from a weapon company to an integrated software tech company. it was way harder than i thought it would be. but today we're running the largest government dataset in the azure cloud in the world, well over a hundred petabytes and it's growing exponentially now how do we unlock all of the data hidden to make policing better, make communities safer and make policing more accountable. there's not enough hours to solve all of the problems that we have the opportunity to go solve. >> but one of things that i like while solving the problems is that 100% of your employees had some level of involvement in sprint for justice this is important. a lot of times when we hear about companies, the top guy's
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writing checks sometimes we hear about discussions about this among employees but your company is taking radical action everyone is in on it. >> the credit goes to my chief product office jeff clemens, he was running alexa entertainment. after george floyd, he called me and he said, you know, we have to do more than talk as much as all of our products touch on improving policing, he had this idea. he said what if we shut down the company for two weeks, everything grinds to the halt and every employee works on a prioritized list of products would help with police accountability and we launched eight any services to help -- for example, one of them you understand very quickly is we now can find which videos the supervisor should look at by queuing up videos that have racial epithets or swear words or a taser has been pulled from the holster or a gun and so now instead of hoping
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you'd find that random video where you might have some need for supervisory oversight we can do it for you and make sure that the supervisors are looking at the videos that are the ones that are most likely to need some sort of, you know, intervention. >> i know we have to run, but there was one slide in all of your great presentations and you're very open about it. how many lives saved, taser, give me that number because it's so incredible. >> over 220,000 people have been saved from potential death or serious injury. >> well, there you go i think you're doing so many things right as i thought from the very beginning. it gets better and better because you're a big think guy i have to tell you, sprint for justice, shutting down for two weeks maybe that's what i learned the most today about why i like rick smith and axon enterprises. great to see you again, sir. >> thanks. we'll keep performing and keep coming back. >> i know you will rick smith, founder and ceo of axon enterprises many skeptics, he convinced us
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not to be skeptical. and sprint for justice, maybe that should be the norm. let's help everybody "mad money" is back after this
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indeed you do. the moment you sponsor a job on indeed you get a shortlist of quality candidates from a resume data base. claim your seventy-five-dollar credit when you post your first job at indeed.com/groomer i want to talk about a tough situation i'm not ignoring it but i have to address it right now. new president, right, going to grapple with the damage done by the pandemic president biden you need to know the stakes here. we know the human toll of covid is immense, more than 400,000 dead never minimizing that not to mention millions who could have long term health implications. what we don't spend enough time covers is how it's reshaped the economy for the worst. i'm not talking about the
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industries that are on life support because people can't travel, it will bounce back after the vaccines no, the small business apocalypse covid has greated a not so brave world and the companies have gotten bigger because they can pay for the extra technology to cope with the current environment. we have seen this in the industry after industry, think chipotle, darden, home depot, lowe's and costco, they have the edge see, they transform themselves during the period in order to thrive at a time when their customers are terrified of getting sick they mastered the delivery and takeout, brought in new tech to get the customers in and out faster called through put and they're more dominant than ever. meanwhile, small business is crushed by the virus and now they don't stand a chance against the larger competitors
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for the better part of a year, the government needs to bail out the smaller operators or else we'll end up in a world where we have a handful of huge retailers and restaurants. the stimulus packages help but it's not enough to off set the damage listen to this as of late november, 17% of restaurants, more than 110,000 establishments have closed either long term or permanently since the start of the pandemic. on average, these restaurants have been in business for 16 years. we're talking local institutions less than half of the owners say they're likely to remain in the industry for full disclosure, bar san magill closed and i'm going to open it back up and there's too many people hurting to conflate the two. there was a survey published of small business owners using the data from the last week of november they polled 9,000 owners
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for small retailers it was 50%, holy cow how are these people going to spend to keep up with the home depot or the olive garden they can't. even when everybody is vaccinated, i don't see how thigh can bounce back from this because while the little guys are struggling the largest retailers and restaurants have built unassailable moats almost like it was -- i know it's not a good thing for anybody, but boy have they done well let's take them one by one to see how sad this is. even though i like the companies that are winning i want to start with chipotle, the stock is up 267 % and they have doubled down on digital and throwing money at takeout and delivery in each of the last two quarters the digital sales more than tripled. how many mexican lunch places went under while they mastered the drive through and delivery a lot of them get good deals with the delivery companies, a little company like mine could never get.
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next up, how many coffee shops went under while star bucks figured out the through put? some of it is about china exposure not long about starbucks brought in kevin johnson and he rolled out all sorts of new technology to fix the through put problem making it easier to keep the line moving and plus they can strong arm the landlords to get lower rent i want to make it very clear, people like kevin johnson and the people who run chipotle don't like this either they love small retail and it's not just for show. when you talk to them off the record they are worried about this they are worried about the small coffee shop and how about darden, parent of olive garden up 380% from the march bottom. they also have the scale to get good deals from the big online delivery services anded they spend a fortune on tech and they can afford to upgrade the
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ventilation systems to make the locations safer which is what you'll need. they'll capitalize on the car carnage. how are smaller restaurants supposed to can compete with any of that? i don't know tell me. i haven't figured it out retail let's start with target. up 112% from the lows, why because they bulked up the omni channel and the same-day delivery service i live on shift. i got some swedish fish the other day and gina, producer, her birthday, her birthday, she ordered -- she ordered well your peppermint patties and swedish fish and shipped to you. >> thank you. >> you're welcome. look, shift is essential if you haven't used it, well, look, obviously again take the -- it costs money.
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i'm not trying to make it so people are feeling that -- target's digital operations not only saved the holiday season. congratulations, brian cornell now, the ceo, mark laurie, he's about to retire at the end of the month, a big loss, but walmart said his work is done. e commerce is up 70% and it acts terribly until it acts well. next up, home depot and lowe's and lowe's making sure that the contractors can get in and out of the stores quickly. does they have -- digital sales up 80% and they acquired hc supply they can afford that the local hardware stores can't. lowe's made huge changes in the technology and they're an
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absolute nightmare for everyone else they had 30% same store sales. finally, costco, see, costco they had something that no one thought would be important -- wide aisles. that made it safer because you can socially distant so easily what one off retailer can have wide aisles. plus now they're doing their absolute best to blow out e-commerce and the numbers are staggering i get a lot of costco e-commerce the stock -- by the way, this has come down a lot like wa walmart. i think it's a buy listen, i don't want to give them a hard time for trouncing the small competitors. like i said, they're not just lip service. they actually wish all the guys were doing better. it's not like what you think when the pandemic hit though they knew what they had to do
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and they had deep enough pockets to invest in the technology and the smaller companies couldn't they had the scale and mass to get through stronger than others what's changed well, they didn't used to own through put or takeout and smaller operators can't compete. the tech is too expensive for small or middle sized companies to embrace especially in the pandemic i just don't see -- i can't see how the little guys can catch up anymore. the bottom line -- as the stimulus checks roll out andpp money rolls in it's not enough to put the small businesses on even footing the haves will keep growing and the have-nots will struggle to survive. small operators won't be able to catch up once everybody has the vaccine, no putting the genie in the bottle
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even if the product of the giants at least in the case of the restaurants can't be beat homemade patrick in tennessee, patrick. >> caller: hi, jim how are you doing? >> i don't know. i have to tell you, i don't know i just did a piece that makes me worried about the small and medium sized business. i don't know what's going to keep them in biz go ahead, what's up? >> caller: okay. so i called in before about doordash, before the december 9th ipo. so i barely -- i barely remember my original question so i had to change it up a little bit. >> that's all right. >> caller: so i got the share about $167 and i'm seeing revenue growth in 2020 but seems like the growth is done, because i see more potential downside than upside. >> here's the problem with doordash $60 billion company. i don't know if that's a right that said, the momentum is there. tony sioux is doing a great job
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and doordash and ubereats are splitting up business when everyone wants delivery. so right now it's got the momentum i don't like the size can, i don't like the $60 billion i'm waiting for the people at wall street bets to go after the shorts there like they have and crush the shorts in gme. covid has created a world where the biggest companies get bigger this piece just upsets me so much it makes it much harder for the smaller operator versus the big guys and don't i know with two restaurants. the electric vehicle companies aren't getting in the craze. i'm sitting down with the ceo of weedmaps and the future legalization in the united states and now what i'll give you my take and it will surprise you and then all your calls in tonight's lightning round.
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all right. this is hard to believe but did you know in the last three weeks alone, we have had as many special purpose acquisition company ipos as we had in all of 2019 it's a lot to keep track of and cnbc has you covered we have the cnbc spac 50 and i want to make sure that you don't miss the most important deals. yeah, i have to tell you i'm grateful for the list because i intend to hit every one of them which brings me to wm holdings the parent of weedmaps some people are calling it yelp for the cannabis industry. i think it's too much business to consumer i'm thinking they do
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more business to business. they help the cannabis clients scale. and they became public with silver spike acquisition and this company has been around a long time. this is not just something dreamed up stock, speculators are lapping it up. up more than 140%, including 14% moving day alone frothy, it doesn't mean it's done it just tripled, let's dig deeper with chris beals, to learn more about the weedmaps and the reverse merger with silver spike welcome to "mad money." >> thanks for having me. great to be here. >> so chris, i have never seen weedmaps until i read about it as a spac and saw you on david faber interviewing you i think a lot of people would like to hear what -- not what we think weedmaps is but what it really does. so we'll turn to you
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first-time guest, tell us what you do and how you make your money. >> yeah so it's a complex story, but really what we have is two related pieces on one side we're the largest saas enabled marketplace where we bring together the largest audience of monthly cannabis consumers, less than 10% of the population we'd estimate over 10 million active users with the largest and most comprehensive set of brands and retailers. the thing that's notable, you can bring them together and very little would happen because there's a complete lack of rich product information, clinical effect information if you think of this as a pharmaceutical product. that's where we come in augmenting the cleansing from the point of sale systems. things we do to normalize consumer feedback to give enough requisite information to make consumers exploring and finding the cannabis products they want to consume to power that and
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also, you know, to meet what is a large need in the industry, we have a business in a box imagine sort of an operating system of software that the retailers can run their command aggregation and point of sale software, online orders, shopify called wm store and the analytics product, wm dispatch where they can fulfill and do what's required under the state laws and so a whole suite of software that goes hand in hand and extends the marketplace if you think about that. >> so, i'm a -- so i want to be in the cannabis business do i start by calling weedmaps and say, listen, install everything i need to get up or can i just kind of call square, call some people who make cannabis and say what do you
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want and canvass the neighborhood >> yeah. >> is that what people are doing? one or the other >> so one thing that's worth noting is without exception, software that hasn't been custom built for the cannabis space can't be used in the cannabis space. if you think about the pls segment, the landscape for the cannabis space is both large and including the solutions we offer, but we integrate with most of the major third party pls solutions to ingest the data that we use for the arketplace but without exception there's no toast, light speed, square, any of the other noncannabis pss and we launch the state in, we have to get certification from the state track and trace system and what is can bed as can be pos is far beyond what is a normal pos, and you have to track who is touching it, receiving it and the same continues on if you think about delivery
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the wm dispatch solution, massachusetts was going to require body cam imagery for the delivery and others have to store it for retention so what we're solving is compliance through the software and it's why, you know, noncannabis solutions can't be used in the space. >> so -- i want to be sure there's nothing magical here if that's a great chocolate company in oregon known as edibles, that doesn't mean something for another state where it's legal there's no cross lines, correct? >> that's correct. >> and it's not like i suddenly can use credit at -- if i use cannabis -- it's still cash. is it not better to keep the convoluted regulatory set-up in this country for wmh than if it were like another store where we wouldn't need you? >> yeah. you know, i think the
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opportunity for us with broader federal legalization or some form of legalization is huge we can't offer credit cards or credit rates or we can't do anything that is a take rate and we can't do something like that if federal regulation were to come a lot of the benefit isn't just limited to the compliance piece but the fact that we have such a large and dominant set of eyeballs, whether that be consumers for businesses but then it's this data. it's the requisite data on what's the product to put that another way, imagine how poor the transability would be on good rx if it was a photo of a pill or a price and that's the reality of cannabis, but for us doing a bunch of data work to try to make this complex pharmaceutical product approachable for the average consumer. >> okay. i mean, i think it -- look, you have a difficult business model if you're not in the business, but it doesn't mean it's not perfect business model if you are. i want to thank chris beals for
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coming on "mad money." >> thank you. >> we're all looking for ways to be involved with cannabis. this is a very i think very legitimate way to profit from it which is a lot better sometimes than selling cannabis. chris beals, ceo of wm holding company, the stock is up huge. i don't encourage buying after that but i like the fact that they're pick and shovels for the actual gold miners "mad money" is back after this
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lightning round is sponsored by td ameritrade ♪ >> it is time.
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it is time for the lightning round -- buy buy buy, sell sell sell and then the lightning round is over are you ready, skeedaddy how about logan in california. >> caller: i got it. i see that. >> you're on with jim. what have you got? >> caller: hey, jim. clover health. >> we like -- very similar business let's go to frank in ohio. frank. >> caller: hey, jim, booyah, this is frank from ohio. i have a question about nio. >> yeah, chinese electrical vehicles but i'm in the tesla camp let's go to jean -- oh, where my daughter used to live, oregon. >> caller: mr. cramer, this is mean uncle jean in medford, oregon. >> well, my daughter lived in ashland. always good to talk to someone from around the corner
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what's going on? >> caller: the stock i wanted to ask your opinion on is bio - >> we have to get them on. it's up so much. i have to do more work eli in california. eli. >> caller: big booyah, jim cramer. >> wow, yes. >> caller: i wanted to say thanks to you and our staff. >> it's regina's birthday, i pointed that out multiple times. good to see you. yes, what's going on >> caller: i wanted to get your thoughts on a company that's -- reporting relatively good numbers last quarter the stock has not recovered or performed better than what it's currently trading at what are your thoughts on good rx >> i think that got hit by a amazon press release i like it very much. and that, ladies and gentlemen
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is the conclusion of the lightning round. >> the lightning round is sponsored by td ameritrade take control of your financial future with the new mad money.cnbc.com analysis and your sound board. plus, access to "mad money" 101, to break down the market for all investors. >> the regular flag that makes me drop a stock -- >> it's everything you need right when you need it mad money.cnbc.com
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coming up, president biden's first full days and he action to
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curb the spread. "the news with shepard smith" up next on cnbc. congratulations. you just won the 73 is million dollars a jackpot, you're the powerball king maybe you not somebody, but someone won. what do you do with that massive wind fall? speaking of someone who has done that before, i have advice for the powerball king you only need to get rich once now, people are going to come with you with schemes, long lost relatives and believe me the con artists are never going to stop and they'll get you. it's brutal. so once you have made your fortune don't give people loans. don't invest in anything that is any risk who needs risk when you're already rich in the case of powerball, you've had a chance of taking
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$731 million as an annuity or a smaller lump sum, take the lump sum. you can stick it in the treasury bonders and it will make more than if you took the annuity and thanks to president trump's reform package, it's better to pay the taxes because it's only going up from here you have to be worried about inflation, specifically hyper inflation. if you're managing the normal portfolio i wouldn't think that much about inflation we have persistently low inflation and you have to worry about it the same way that super worries about kryptonite and it's the only way to wipe you out. you may not know this, it's precious metals, real estate and art. if i won the lottery i would hit
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up the sotheby's and get a picasso or a jackson pollock is fine speaking of someone who used to own an art gallery, don't overpay. main he you need to go to the auction house. as for real estate, sotheby's has some terrific looking places i checked out in st. michael's nice place on the water and potomac, maryland. the st. michael's place it's an 1867 manse, $12 million, sound insane not if you just won the powerball, but you should look at vast tracts of line in scottsdale, virginia who needs that much land, nobody but the point is you're buying insurance given hyper inflation. got to invest your money in assets not keep it all in cash as for gold, yes 5% jackpot into bouillon put it in safe deposit boxes and send some overseas if you won the lottery, yes, 5%
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in bitcoin don't buy it all at once or on the weekend. finally, only then would i put the bulk of money into the financial instrument that you have heard of and that's short term municipal bonds best to be in the fund maryland has a aaa rating and you have to stay way from everything long term keep that flow -- the rates spike then you have to be ready. after you have invested in the different things would i even think about owning some stocks and then i'd probably do it for fun. don't put more than 20% into the market and that should largely be in index funds. look, dividend -- you have abbott labs, pepsico, clorox, emerson, let's finish off with the local maryland company, mccormick. you only need to get rich once you never need to take another financial risk again so please don't. no need to hit the jackpot a
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second time. if i had to curb the exposure to any of the asset classes that's the one. they're too risky for you. i don't want you worrying about the stocks and i love stock or i wouldn't be doing the show there's a bull marke a stunning admission from dr. anthony fauci about truth and liberation i'm shepard smith. this is the news on cnbc >> we will defeat this pandemic. >> president biden's first full day, packed with an ambitious agenda priority one, fighting the virus. america's first covid case confirmed one year ago today the lessons learned and the rule scientists played in getting us this far he has an agenda that's a mile long. >> the new administr

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