tv Mad Money CNBC March 19, 2021 6:00pm-7:00pm EDT
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there. stick with the xle put calendar. >> all right good stuff great weekend, everybody, that does it for us on options action we'll be back next friday 5:30 eastern. don't go anywhere. ""mad money"" 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 >> hey, i'm cramer welcome to "mad money. call me at 1-800-743-cramer or tweet me
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every day, the battle lines are more clear either tech is winning or the banks and industrials are winning, but neither at the same time they can't go up at once when banks are quiet, the techs find their footing today's action, the dow plunging, but the nasdaq gains 7.6% when rates rise, the cyclicals soar, tech is dead, and the drumbeat grows even louder but today, a sedate bond market. after seven weeks of people taking refuge in banks and
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industrials. but this reprieve won't last as long as there are reasons for rates to keep climbing right now, we've got plenty of reasons. did you get your checks this week i know, i'm in that bracket where it's okay. i got the shot first and the only commodity that doesn't climb is cocoa and the federal reserve refuses to focus on inflation, the fed chief keeps making the point that persistently high unemployment is much more dangerous than a temporary spike in inflation
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it's too bleeding heart for these tight money folk when that happens, hedge funds, just kind of, like, well, almost mathematically draw a conclusion they dump consistently fast growers like tech and go for the banks. but today, we rolled back some of that action but inflation is not going away any time soon. tech is not out of the woods until he's proven right about how inflation is transitory. meaning it ain't gonna last. there's a pretty good place, right now, to talk about our game plan. there's a good chance it could happen again it would undo today's action
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i can already see the freakout, because the bond vigilantes hate if banks get any action. and a hedge, oh, no, we'll get another rally. that is what happens if you say, you know what, i'm slightly worried about inflation. of course, this can't last forever. one day, rates will overshoot, and then we'll at the same time get a crescendo of selling in tech stocks that makes them too enticing to endure we're not there yet. if we were, i wouldn't be worried about some snooze fest of a bpanel on central bank inno innovation and tuesday night, i mean, we'll
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get gamestop, the ultimate meme stop what started as a war between a short selling hedge fund and a core group of true believers on reddit a fellow by the name of ryan cohen, ceo of chewy, joined the board of directors, and has been trying to transform them into a more digitally oriented place. but cohen's plan, when the company reports, and if there's anything good at all about the results, i expect to see a ton of buying today. i cannot concoct a scenario
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where gamestop stock is worse than they are right now. but if they become a one-stop shop, they can attract more buyers of course, if the bulls don't get what they want, things could turn real ugly, real fast. that same evening, we heard from adobe. i loved hearing how strong the numbers are. if they report a great quarter, and rates are soaring that day, with the yield approaching 2%, the earnings won't matter at all. wednesday brings a cavalcade of reports, but what are we worried
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about? the bond market. and we have to focus on rh you rarely hear them mentioned in the same sentence, but right now, they represent the most exciting parts of retail i think rh will be good, and grow generation. i expect they'll both report excellent quarters and the cannabis culture, let me just say, it's been an unstoppable force as state after state embraces legalization. and we get results from general mills, i like this as a way to take the temperature of the pantry stocks. i think the action will be tepid.
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but then again, others have surprised. and this is one industry that has gone through a radical darwinian shift. you know 150,000 restaurants have closed. that means the survivors should be in an incredible position so when the parent company of olive garden, i think they'll give you a very rosy picture stocks had a big run but the scarcity value of the stock make it really compelling. and listen to this, finally we get some personal income and spending data on friday.
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it's unnerving the bottom line, like it or not, stocks are joined at the hip with the bond market right now the only way out, either tech stocks get too low, and there are some already there but others with further to fall. or long term interest rates get too high until that happens, the rotations just continue to play out. we're not quite there yet. but i'm confident we'll get there, because that is what always ends these vicious kinds of rotations craig in california. >> caller: is this chill master "j"? >> yeah, what do you got >> caller: i want to thank you quick for your years of informing, entertaining, enriching us >> i got to get people to watch. and we got 16 years under our belt how can the chill man help you
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>> caller: i got a bit of a stake in a company that is bumping up against an all-time high trades around 20 times earning, pays a decent dividend now with theme parks re-opening and movie theaters coming back, what is your opinion, thinking about adding to comcast? >> i work for comcast. i have stock in comcast. and i think comcast is a great long term holding. when my wife says to me, i don't know, jim, what do we do with comcast? i say the same thing, we're holding it i can't say that to her and tell you anything other than holding it one day when she finds out i have this show, she's going to be shocked i watch it. let's go to ryan ryan in ohio, ryan >> caller: mr. today.
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>> happy birthday to ryan! ♪ >> caller: thank you very much, sir. i'm calling about the wonderful pick you gave me for nike. after the earnings call, it sounds more to me like a shipping problem. >> 100%. i told the boys, my research director, if this stock came down and we weren't restricted we would have to buy some. it was container shortage and shipping congestion. it was a reason to buy, not sell you got that right, partner. happy birthday all right, stocks are joined at the hip with the bond market i know a lot of the younger investors are saying, shut up about it but i got to teach this is going to keep going. it's going to continue until
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either tech stocks get too cheap, or long term interest rates go too high. in the beginning of the pandemic, we saw a surge in eating at home will investors continue to snack on utz as the economy re-opens we'll talk to the ceo. then upstart hit the ground running, and stocks shot up nearly 100% in the last two days i think it will go much higher i have the ceo plus, i'll talk to a cloud company helping to roll out covid-19 and stay with cramer
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four, five, turn, kick. and we'll make you're first month's payment. we got chased by these wild coyotes! they were following her because she had beef jerky in her pocket. (laughing) (trumpet playing) someone behind me, come on. pick that up, pick that up, right there, right there. as long as you keep making the internet an amazing place to be, we'll keep bringing you a faster, more secure, of awesome.
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so what do you make of utz brands terrific snack food company, became public, with a merger last year. it's a rollup strategy with acquisitions they brought truco enterprises and utz stock has nearly doubled since we started recommending it heavily last summer. and the report was a little bit perplexing the stock tumbled 4% today, utz made up all those losses and then some, as
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investors circled back they're forecasting 70 to 75 cents, and they have a regional and national expansion, which i love but i want to go to the ceo to learn about what is next welcome back to "mad money." >> thanks for having me. and happy 16 years of "mad money," jim. >> thank you, dylan. thank you very much. i was listening to your conference call, and i said, are people going to understand that not everything is a pantry stock. and when you have a growth stock, when you bother to give guidance therefore, they have a secular growth trend the fact that you did that, not bravery, not a road map that you're following that works no matter what? >> jim, we've talked abilout it
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before on this show. i've been at this for 25 years the company is having its 100-year anniversary we've been growing continuously, contiguously for decades we believe in our brands, all the white space opportunity that we have. we can layer on the m and a. and we've acquired a brand in chicago, and moving the utz brand into that marketplace. we see that opportunity for the true organic growth. that's why we were able to put together our forecast. >> there was a spectacular number of new buyers and i have to tell you, why i think i always know this industry, this repeat rate
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metric seemed to be a great way to analyze utz. >> we had a call this morning, and that was one of the metrics i shared with them the fact that we have a repeat rate of 70%, it's a tribute to the fact that we know how to make great-tasting, quality snacks once we get them into the hands of customers and consumers, they're buying them again and again. it's a true story to our story, the consumers love it, they keep coming back. and i think it will continue. >> i've always been a fan of pepsico for many years because of frito-lay but thank you for sending something that is better for you, and is better tasting
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i think you have some real winners. >> yeah. there's a definite movement in the industry for people who want to have that choice between having something that is made foundationally with better, you know, product attributes like the avocado oil. boulder canyon, we bought that brand in 2017. and we're long term thinkers it took 2018, with some renovation and product quality attributes, and some branding, and then the brand grew 40% and it continues to grow there's a lot of excitement around those brands. >> is that the kind of things that you're using their terrific social media advertising, which is a far better way to reach potential users than big super bowl ads. >> that's what we love about it. we're doing about 60% more into that social media and e-commerce
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media, digital media what we love about it, besides that we're working with a great group, is the fact that you really are able to turn on a dime so they test and test and test, and they pursue what works so if some sort of an angle of attack on reaching our customers for one brand or another brand works, they're able to very quickly lean in behind it. and i think that's the future of social media and digital media we're putting a lot of money there as we go forward into 2021 it's about a 60% increase. as we look beyond, we'll be putting even more in. >> thinking about the 3 million new buyers of utz products, they are cord cutters but you know where they are. and people should know, this is no longer a small company.
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you're a pretty large force in the fastest growing category, the salty snack group. >> yeah. we're over $1.3 billion in retail sales i'm very proud i started at utz in 1995 we had $109 million of net sales that year. retail sales this year will be over $1.3 billion. it's a great company we have wonderful brands, and we a lot of different opportunities to grow the brands and bring more of these brands to the rest of america with all that white space and geography and channels we're the third largest salty snack platform today, but we're probably not hard from being number two. >> i'm sure all the stockholders are happy. you've delivered dylan, thank you so much for
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coming on the show >> thank you, sir. >> there are so few companies that started with these and real companies amemerging together that's why utz is such a good stock and will remain that way "mad money" is back after the break. >> could this ai lending platform have the leg up on the competition? cramer's got the ceo of upstart next
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doubled in the last two days it's down to $60 this wednesday, then they reported their first quarter, it's a quarter so spectacular, it practically sent the stock into orbit more important, they gave us magnificent guidance and for the full year, they're talking about $500 million in revenue. the streak was about $350 million, that's how a stack jumps nearly 90% in one day, and another 9% today and dave gerard is the co-founder and ceo of upstart. welcome back to "mad money." congratulations on an incredible quarter. >> thanks, jim
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>> i think people didn't understand your model. i saw you and said this could be like some of these tech companies with 26 million users overnight, and then it doubles the fact is that upstart is on a path that no other lending company has ever been on in this country because of ai. isn't it >> yeah, we're really one of the first, certainly in the u.s., to apply ai to the problem of lending. which is just an enormous market opportunity. and obviously, a very cutting edge, modern technology that can do a lot of good. >> before i get to this, i want to say up front, you guys have thought all about the possibilities of people being left behind by ai. before you even address the profits, you thought about this, to be sure that people aren't disenfranchised, correct >> we founded the company nine years ago to improve access to credit so the idea of being fair and
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being inclusive is ingrained in us from the very beginning we test every applicant to make sure it's fair and share the results every quarter. so that notion of fairness and inclusiveness is central to who we are. >> and this is not a company that has credit risk at the same time, you care tremendously about your credits. and they turn out to be pretty darn good. >> yeah. we're not a lender ourselves we partner with banks who want to have better, more effective inclusive, and profitable lending. we're a fairly simple feed-based business but we want our banks to perform. we want their businesses to be
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successful we care a lot about the accuracy of our models, and it's central to our success. >> and you bought prodigy software i had to go with my daughter to buy a car. and i wanted her to establish her credit it's very old-fashioned, but the friction of getting a car loan is awful what does prodigy do to make it better >> the problem of a car loan is, it's just a piece of the problem. less than 1% of americans actually like the process of buying a car so there's so many aspects that are fundamentally broken we looked for a company and found prodigy. it was solving the core problem of how dealers sell cars and how consumers want to buy cars and with the idea that providing our loans, our ai-enabled lending is important but it can only work if we clean
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up and fix the whole process somebody may buy a car online, do a test drive in person, or both we wanted to fix that process. >> and you were also known for your fabulous partners, and partner wins it's kind of like when you talk about a visa, they want partner wins but one of the partnerships you have is with one of our favorite companies. credit karma, this seems like a natural marriage between upstart and intuit. >> yeah, credit karma is part of i intuit they're doing a lot of good, giving people free access to their credit scores, and directing them to people like us who can provide financing alternatives we merged together as co-leaders
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in adjacent spaces just really important partners to each other for a long time to come. >> and the fed chief, hispanics, underbanked. incredible, good credit. but just not being part of what is the mosaic of america you're doing a spanish language version of upstart that will be a huge hit. >> it seems obvious. retailers will have signs in spanish. and a restaurant will give you a spanish language version of a menu it seems so obvious, why isn't it there but in lending, it's complicated. you can't just do part of the puzzle you need to do the marketing in spanish, content, disclosures, loan agreements. but it's unfortunate that there are not good online digital
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offers to the spanish speaking community. so we think it's part of inclusiveness to make our product available in the language that consumers want to speak. >> and i bet the community wants to flock to you. it's a fast-growing, and from what i can tell, it's just a fabulous community to affiliate yourself with. it's underserved, and it's going to be you. >> it's a win-win. it's a great opportunity as a company, but it's a way to serve a community that has been sadly underserved by other companies. >> and you do not come out of the traditional banking world. maybe that why you're such a breath of fresh air. you have a computer science background, correct? >> yeah. i didn't come from banking or lending at all
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we started with that naivete of the beginner but it's enabled us to to some things that i think most banks wouldn't have tried to do. >> it's working. it's going to sound strange, but we're in such early innings, even though you think you've missed upstart, you really haven't. dave, so great to have you on the show >> thanks, jim. >> the co-founder and ceo of upstart. i'm going to say it. i know the stock doubled this week i'm telling you, it's not done this is the kind of stock, the early fin tech you're going to look back and say, why didn't i buy it it hasn't moved. "mad money" is back after the break. >> coming up, can a cloud s company be a key to a successful covid-19 rollout that's next.
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sofi was the first lender that even offered a personal loan. i didn't even know that was an option. the personal loan let us renovate our single family house into a multi-unit home. and i get to live in this beautiful house with this beautiful kitchen and it's all thanks to sofi. use a single hr software? nope. we use 11. eleven. why do an expense report from your phone when you can do it from a machine that jams? i just emailed my wife's social security number to the entire company instead of hr, so... please come back. how hard is your business software working for you? with paycom, employees enter and manage their own hr data in one easy-to-use software. visit paycom.com for a free demo. hon? first off, we love each other...
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a lot of tech stocks have come down, very, very much including one of our absolute favorites. after a spectacular run last year, they announced a billion-dollar offering. but in the end, what has happened is that wall street has turned against growth. so we need to look at what this company really does. and i'm talking about how it is helping get america vaccinated faster along the way, helping the world get vaccinated faster.
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while they've rebounded somewhat, the stock is still down 20% from its highs. is it enough of a discount maybe it would be if we actually understand what it does. we have a great opportunity to talk about twilio and the vaccine. i think a lot of things will become clear about the company let's talk with the co-founder and ceo of twilio. talking about the vaccine program, jeff, welcome back to the show. >> thank you, it's great to be back. >> and a lot of people tell me, you are so enamored with twilio. let's use an amazing initiative that you're doing, which is to have 1 billion people receive covid-19 communications powered by twilio. maybe we can walk through what
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twilio really does, and how great it's doing. >> absolutely. it's a platform. we allow software application developers to be able to communicate with users around the world. with voice, text messaging, whatsapp, you name it. we have over 220,000 active customers today. and one of the interesting things is it's not just for profit corporations who use twilio like the lyft driver, or flight notifications. non-profits also use twilio. the right communication at the
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right moment can change a life and we committed 1% of our equity of the company to fund twilio.org and the needs are heightened, there's new problems that need to get solved. and the newest is getting the world vaccinated we've been partnering with a lot of organizations, whether governments or ngos who are figuring out how to get the world vaccinated the interesting part of that problem is that a lot of people are focused on how do you get vaccines out to people we've heard about the refrigeration and this kind of stuff. but the other hard part is, how do you get people to the vaccine? >> let's use north carolina. we have had some people decide they couldn't take it anymore. they were going to take matters into their own hands, and try to get people who normally did not
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know, maybe they didn't know how to use a computer, or weren't wealthy enough to have someone who has learned computer science. this melding of the north carolina department of health and human services and those people would not have occurred without twilio. >> yes, reach people, let them know when it's safe, and available for them and also coordinate the really complex logistics. schedule anappointment, remind them about the appointment, remind them about the second shot and you can't assume people will go to the website or know how to use the website. in 40% of the world's population doesn't have internet access,
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but they have phones and messaging capabilities. >> and this is important one of the things you stand for, it's democritization there's the wealthy people who are very good at the computer, and other people say it's too hard and this thing only works if you take it. so you're helping to create the herd immunity. >> there's an argument for vaccinating every human being, for their own health and safety, and also the communal benefit. and it's not like our country is vaccinated and the rest of the world doesn't have to be if outbreaks come out, it puts us all at risk because of new variants it's a humanitarian, ethical,
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and pragmatic effort to get everyone in the world vaccinated so the world can move on from this pandemic. >> so you're taking it from what is for billions of people word of mouth, into something that is almost like, look, gospel. you have a phone, you can find out where you can get vaccinated >> yup and work with all the organizations around the world who are trying to get the word out, get the logistics figured out, and get people to the vaccine. and we're excited. we set a goal of helping 1 billion people get vaccinated. and thousands of hours of millions of dollars. our employees also want to do their part. >> we always say, business is the greatest source of social change and you're doing things that the governments just can't do. but that's all right
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we can jeff lawson, ceo of twilio a good guy and a great stock back after the break. >> just chill out. the lightning round is coming up when "mad money" returns (vo) ideas exist inside you, electrify you. they grow from our imagination, but they can't be held back. they want to be set free. to make the world more responsible, and even more incredible. ideas start the future, just like that.
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florida. david? >> caller: hey, jim, honored to be on with you hold it or cut my losses >> you got to hold it. she's got the game plan, and it is working that company is just now on its right footing. congratulations to her let's go to gary in massachusetts. gary >> caller: hi, jim thanks for everything you do >> of course thank you for saying that. >> caller: in the entertainment area, what do you think about lydy entertainment >> it's run up a lot in anticipation of everybody being vaccinated let's go to ray in nevada.
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>> caller: i'm from las vegas. i had a question about mara. >> look, it sounds great marathon digital but how about the fact that it has almost no revenues and keeps losing money if you like cryptomining, why not buy nvidia. john in georgia? >> caller: -- if you want to learn about stocks. >> there you go. >> caller: yeah, man, you're the one. my question is, boeing what does that look like >> listen to me about boeing do you know that nothing good has happened whatsoever, and we're up 100 points. this is the ultimate opening of the economy play and yes, chinese orders will matter and i like the fact that i think
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they're probably warmer on the inside president trump was positive on the outside. remember his great friend xi where the heck did that go i believe china orders will be coming in boeing's direction so it's a buy. anthony? >> caller: i wanted to ask you about -- >> man, i don't know my bad humanigen. my bad, i do not know that company. let's go to bill in virginia bill >> caller: hey, jim. this is bill from virginia. >> what's up >> caller: okay, i love the show you and your staff keep it fresh and fun. >> they're brilliant staff is brilliant >> caller: they went public last
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week, what are your thoughts on -- >> oh, man all i can see you, it's one of those companies that will be a wild ride. it's great for speculation, and not more and that, ladies and gentlemen, is the conclusion of the lightning round! coming up, why the vaccine rollout may not be enough to get back to normal and cramer has a must-see take on what you can do about it. next it's a thirteen-hour flight, that's not a weekend trip. fifteen minutes until we board. oh yeah, we gotta take off. you downloaded the td ameritrade mobile app
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so you can quickly check the markets? yeah, actually i'm taking one last look at my dashboard before we board. excellent. and you have thinkorswim mobile- -so i can finish analyzing the risk on this position. you two are all set. have a great flight. thanks. we'll see ya. ah, they're getting so smart. choose the app that fits your investing style. ♪♪
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so what's the point of getting the vaccine if it doesn't change what you're allowed to do? that's all i can think when i listen to this testy exchange between dr. tony fauci, and senator rand paul about whether you should keep wearing a mask once you're fully vaccinated listen to this. >> you want to get rid of vaccine hesitancy, quit telling
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people to wear their mask. give them a reward instead of telling them they have to wear a mask forever. >> let me just state for the record, masks are not theater. they're protective. >> if you already have immunity, you're wearing a mask to give comfort to others. >> i totally disagree with you. >> dr. fauci is right about the science. throughout this whole pandemic, he's been invaluable he's not always right, but he's always done his best even when it got him trouble with the previous administration. i still wear a mask after i've been proudly vaccinated. but it's kind of nutty, but i
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find myself sympathizing with senator paul because it's a bad idea to downplay the success of the vaccine. unless we're saying your life will change, maybe it just won't be enough to get people to take the darn thing how are we supposed to reach herd immunity if we keep not giving people reasons to get vaccinated millions of americans are reluctant to get vaccinated. so maybe we don't seem to understand it at the government level. we need to start giving people some incentives. this poll of small business employers, only 22% are requiring their employees to get the shot among companies of more than 50 workers, 29% say they don't.
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45% are unsure unsure of what so if businesses won't force you to get it, and your employer won't do it, and the government won't incentivize it with cold, hard cash, i think we're setting people up for failure. we're not spending enough time insisting that everyone not get vaccinated and casinos, opening without any testing whatsoever meanwhile, the cruise lines are willing to open their ships up to everyone who can prove they've been vaccinated, not tested, but vaccinated of course, vaccinating the entire crew. and the cdc is saying, absolutely not so i keep coming back to this interchange. if you won't let people go back to normal once they've gotten the vaccine, and your boss isn't
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forcing you to get the shot, i bet most of the fence-sitters will say, what is the point? the biden administration delivered their 100 millionth dose, and we're shooting for 200 million by the end of april. but we need to keep that going we need to give people more incentive to get the darn injection. we can't keep saying nothing changes. that means the cdc should give the cruise lines their blessing next week, on this great plan. it could set off a kcascade of policies maybe the irs can say you won't get your full tax refund without proof of vaccination in two months, i'm worried that we'll have more vaccines than
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arms to jab. we just need to throw a few more tangible benefits at people beyond just not getting sick because apparently, crazily, that's not enough. i'm jim cramer i'm going to see you monday. the news with shepard smith starts now a live look in new york's union square a vigil for victims of asian hate crimes. tonight the white house with an urgent message i'm shepard smith. this is the news on cnbc hate can have no safe harbor in america >> consoling the grieving asian-american community the president and vice president in atlanta as we learn more about the victims and the lives they were living. states reopen even as several of them see rising cases and new victims in the hospital. tonight paying cash money to
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