final trade, tim >> chevron >> b.k. >> freeport. >> dan. >> viacom cbs. >> guy >> new mont. >> thanks for watching fast. "mad money" starts right 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. welcome to cramerica other people want to make friends, my job is to make you money. call me at 1-800-743-cnbc or tweet me @jimcramer. nasdaq losing .38% it was the tragic att.

this morning in what many in the media are calling a blockbuster transformation deal, att said it spinning off timewarner merging with discovery and entertainment. the company gets 43 billion and att shareholders have 71% of the media business, all the commentary about the deal was positive like it was a terrific outcome for all involved i couldn't believe my ears it's not a transformation but the final act in one of the dumbest mergers in recent history, that's right, att's $85 billion acquisition, a deal that closed less than three years ago is impossible for me to talk about this transaction with a straight face, really. if you look back at the reasons they acquired timewarner, it was pure idiot from the beginning. att strengthens distribution and knowledge of customers to energize with talent, att ceo

said many times we're going to bring a fresh approach to how the media and entertainment works for consumers, content creators and advertisers why would a phone company buy a media business good question. stephenson talked about how most media companies don't have a direct relationship with the viewers. today's move is major repudiation. all this talk on sin near gee a att is new ceos but the spin off timewarner like this from an outsider a almost unprecedented. there must have been nothing special at all from the acquisition except the huge amount of debt att took on to buy it that's right keep the dividend what host of

the shareholders wanted. if you read you find the dividend has been cut in half. of course, they didn't say that. that would be too brutal they didn't say that at all. they said quote after the close in subject to att board approval, att expects an annual dividend payout 40 to 43% unanticipated free cash flow sounds good, right maybe a dividend boost if you do the math it a 50% dividend cut. transformational, i got another word for it. how about disgraceful? to me this was a tremendous destruction of value was there nothing to the direct relationship that used to just fie t -- justify the accusation att needed to do something to keep up and it was spare me. not that the entertainment business changed but the deal never made sense in the first place. there is no cynergy.

in corporate america, nobody really pays for it nobody is allowed to say it or admit it nobody can admit quote, this is a quote i would put in the press release. my predecessor made one heck of a move paying $85 billion for timewarner a couple years ago. money we didn't have claiming the wireless space would augment the business but we're a heavily indebted cell phone company with no important consumer relationship because the bozo paid so much i have to dump it for half of what we paid and cut the dividend in half even though the only reason they bought att was a source of income that's good, right that would be true few ceos are that honest but they can admit they skewed up would be better than the garbage i heard today. what does this story really mean for you the shareholder?

in corporate america, anything goes nobody will stick up for you, the existing shareholder that is suckered into owning this because att told a story about how the deal would support their dividend nobody apologized even though they lit billions of dollars on fire right up the chimney. nobody dsaid the guy that put th deal together, what stephenson stepped down he got a retirement package. you have to wonder what really went wrong here. well, you can say it's the bogus concept but that's only part of it the other part this is what happens when you run the most heavily indebted company in america. they would never do something so stupid but sitting on mounds of cash att and billions upon billions of debt including another old fade acquisition that spun off direct tv. given this data, this deal was

completely ill advised and boy, oh, boy, am i putting it politely second, it's a great way to learn why you should never reach for yield. when you have the stock at the 7.6% yield it means there is something wrong or the stock would be higher and the yield lower. i say great because if you bought att within the last few months, it's possible to get hurt learning this lesson if you dumped it today when i said you should and it was up, it ended up down 2.7% to close at $31.37. there is nobody to say nope, you can't do this, it's against the rules. in theory, the board of directors could play the role but i don't think att's board played that role it's port anfortunate so many an companies have little debt with direction or discipline. there are companies with good balance sheets trying to make acquisitions now you got sales force trying to

buy slack for $27 billion and invade ya for $40 billion and advice micro devices salesforce.com needs slack as a way to compete with microsoft. slack is a terrific product and the ceo is a tremendousacquire nvidia has the best chips for mobile devices the combination could be so unbeatable the deal might not happen and the british government is against it amd with the weakest balance speed needs xilinx they are in cars, aerospace and health care. these deals make sense this is what you do. these are the kinds of acquisitions where the rational is so clear it's not arguable. plus, each of the ceos earned the benefit of the doubt when it comes to big strategic decisions. the bottom line, att should never have bought timewarner for 85 billion to begin with

there is only one winner here. the man who sold timewarner to att and made a fortune he's the one that should be celebrated for everyone involved in att the whole thing is a non-transformational clown show. james in illinois, james >> caller: boo-yah jimmy chill first time long time. >> chill in the house but not really for this first one. what's going on? >> caller: thank you for taking my call. in 16 years of education, entertain the ment and enthusia. >> i try to bring it every day. >> what's up >> caller: revenue, the eighth largest company in the world with the day bdiabetes treatment pe plus pfizer's 20, merck 28 is

it is buy? >> i had paul hudson on the show very good company. it's got a 3.5% yield. it's very good it's historically i would have expected more from the vaccine they're a good company thank you for the kind comments. let's go to henry in colorado, henry? >> caller: mr. cramer good to talk to you. you recommended several dividend stocks, one bgs. i was wondering in the energy environment, do you still recommend it >> they didn't have a good quarter. they didn't give good guidance what happens is with a lot of food companies, they never cut the dividend during the bad days but leaderless now let the guy come on. we have a revolving door unappealing to me. that would change if the guy

would come here and explain what happened to the last ceo all right? i'd like to know what's the matter with that? att should never have bought timewarner the only winner is jeff who sold timewarner to att and didn't get celebrated enough today. everybody is flaunting -- don't get me started on "mad money" tonight weather outlets are forecasting an above average hurricane season combined with an ageing electrical grid, the potential for wide spread power outages have hope owners o homeowners o. what's next for the software stocks i'll tell you and under the radar way to play cannabis legalization across the u.s. so stay with cramer. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer ha##madtweets

send jim an email to cnbc.com or give us a call at 1-800-743-cnbc misso miss something head to madmoney.cnbc.com.

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the last two months businesses are hammered and astonishing earnings take generak known for in home generators and energy storage and technology that lets people sell their power back to the electric grid. they are building a new ecosystem and phenomenally successful after covid hit and made home energy a higher priority i speak with them 14 months ago with this venture. the stock is at 116.

it's a 293 nearly tripled and that's after pulling back $70 from the highs and look, the fundamentals are fantastic. in late april they reported yet another blowout quarter and management raised the forecast yet after jumping 6%, stock is falling 13%. hey, you're getting that quarter for free i say enough is enough right here, right now. this story is too enticing to ignore let check with the chairman and ceo of generac. >> thanks for having me. >> we have a great opportunity you recognize super storm yruri, talk to people about how important generac is. >> i tell you, i think something like yuri pointed out the grid is going through massive changes. there is a problem between keeping supply and demand. you have on the supply side a

lot of change going on with more renewable's being mandated we're trying to decarbon production and on the demand side we're electrifying everything from heating and cooling to transportation is being electfied so you have big changes in the grid and what's happening with that is it creates some strange stresses when you get weather events like very severe heat or severe cold, you have this out in california you had blackouts and yuri in february and what it brought to bear is that the importance of power security with everybody working from home, learning from home, doing everything from hope right now. >> i think that your phrase home as a sanctuary is so important at this time and if your home is a sanctuary, you need generac. >> absolutely. we need power. think of everything in our lives today. we take power for granted.

you take power for granted until you lose it and think of everything in your home. things become primitive very, very quickly work from home, entertain from home, school from home, exercise from home. power is critical to making all of that work. >> you're basically creating a virtual power plant? >> absolutely. so what we're doing is providing people everything they need in their arsenal to basically create their own small personal grid if you will whether it's solar on the rooftop or a battery cabinet paired with the solar to store power or a generator to charge the battery or use when you have extended outages. we basically give you your own power company in your home. >> i did checking. people hang on every word elon musk says but your battery capacity is far superior to tesla,'s correct >> it is we offer bigger batteries because we want to provide power

when there are outages what tesla does and other people's batteries do is store power off the rooftop, sell it back to the power company when favorable. most of our batteries are build around longevity it's what we heard from people and offer the product we offer but really, we believe it's a better solution. >> so you think that, you know, our previous president wasn't big in climate control when generac is needed. there are weather events that occur that didn't used to occur. the grid is older than what we were younger. >> it is you look at climate change we're not meteorologists here but storming are getting more intense. we see hurricanes causing more damage we see the storms like winter storm yuri these events used to happen every 100 years are happening every five and ten years and the

grit grid is old and above ground and susceptible to these events and under a lot of stress. the supply side and demand side is changing and where we come out is without power power outages are on the rise and have been for the last couple decades they are happening more frequently and lasting longer. >> since the time you've been on, i did not know about the 5 g play and i think it's important because it's still one more reason why people should be owning your stock. >> it's another huge part of the infrastructure, right? everything is wireless today we're tethered to our devices and with the shift to the next generation technology, you're going to see really high functioning new technologies coming from driverless vehicles to drone delivery to robotic surgery will be on the backbone of the 5 g network companies have to up their game

with reliability we're the backup power to the major providers and been doing that for over 30 years, that's a space that will grow tremendously over the next five years. >> you actually mentioned the ageing population, the demo on our country impacts your sales. >> absolutely. think about it today with the pandemic i mean, so many people just want to stay in their home as long as possible they don't want to move to an assisted living facility they want to care for themselves and be independent and that's what a generac generator or power cell can give them they can be independent. when you're younger and lose power, you can manage things when you're older, it's difficult to manage temperature and getting around your home things get dangerous especially if you have medical devices. as the population begins to age, a tremendous setup from a macro

theme. >> i wish i couldn't say this but i can't agree with you more. >> thanks. >> chairman and president, ceo of generac aaron, great to see you. >> great to see you, jim, thanks. >> this is the stock for this moment and came down hard today. it's attractive. "mad money" is back after the br break. coming up for cloud conscious home gamers, 40% to freedom could be the only chance they have to make good even when the market is bad. cramer crunches the numbers on a need to know metric, next.

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see how easy...? don't just sell it. ten-x it. after last week's roller coaster action is it finally time to revisit the cloud software stocks? because we have a booming

economy, money managers are falling all over to dump the software service names that's the power when the economy is growing like crazy, wall street swaps out of consistently excellent companies like cloud and a boom and bust cyclical to put out incredible numbers now and inflation that makes us pay less for growth stocks because they trade based on future earnings down the road and high inflation, well, what does that mean high inflation means future earnings have less purchasing power. now the inflation is falling apart to some degree which is why all things tech manage to rebound hard off the lows, the formally red hot software stocks pull back from the highs j.p. morgan sterling one of the best software analysts pointed out aside from the .com sell off it takes you down 25 to 27% of the highs from february 11th to may 13th, he noticed the software stocks he covers are

down 19% on average means there is a real chance most of the pain is taken. of course, it's possible that they could have more downside given how much the software is a service cohort rally and i'm certainly trying, i'm trying -- look, to call a bottom may be silly. i'm not going to do that i think this is a good time to assess the damage and think about what cloud names are worth buying on weakness especially since we're headed into what is known as the off cycle earning season when we get results from so few -- so many of these tech names but very important to know this we'll show you that even though these companies have great numbers, it hasn't been enough for the stocks to rally. they're too out of favor in the wall street fashion show look at these and say why shouldn't he say buy, buy, buy it's too dangerous these could be a source of opportunity because the best of the stocks get cheaper as they go lower but i'm warning you, i'm not saying buy these i'm saying look at this.

let's go through the damage assessment we put together a list of 75 high flying tech stocks, cloud software names, no spacs allowed and man, these things have been just put through the meat grinder. the stocks are down 37% from their highs out of 75 total names, 26 of them are down 40% and 15 are down 15%. the value and destruction is minced when these 75 hie gh flying stos peaked, that's expensive after the carnage they are trading at a huge decline but use the word just before that is a little dupliticitis. you have the highest flyers that trade 40 times sales like snow flake and lemonade and these things are still, you know, pricey for example, snow flake still trades at 55 times sales i love snow flake. the company is known for terrific data warehousing business but in this market

owning something with such an elevated valuation is difficult. only seven of the tech high flyers have gone from having price to sales multiples to single digit, double digit the single digit multiples and that's not enough athe mostmpelg names. it a subscription based business model that could be painful for the stock as it's ultimately good for the business. etsy sells for nine times sales but reported guidance was discouraging and expensive for a retail platform. when you look at the fundamentals of the cloud stocks, for the most part they are impressive remember, we use something called the rule of 40. this is important. i bring it up periodically to get a general sense of software as a service company where you take the revenue

growth rate and add the operating margin or ebitda margin and if the sum is greater than 40, the company passes. the idea is you can get away with rapid revenue growth and no profitability or slower revenue growth and higher profitability. two ways to win. when you run the rule of 40 screen on the tech stocks, 40 out of 75 pass the test. even though the market is totally turned against the cohort because of the great reopening rotation, business is still good which brings us to the big question you've been waiting for. are any of these tech stocks that pass the rule of 40 test and trade at less than ten times sales worth buying yes. they come with asterisks. bitcoin is volatile. every time elon musk says something critical about crypto, it gets hammered and have a down year in 2022 which isn't great the stock was awful again today. after that there is square, which i like very much but only

cheaper on a price to sales basis because it has real earnings and looks less of a steal. square has a crypto kicker which has gone from positive to negative for the moment. you've also got high tech retailers that fit the bill like car carvana but lower valuations because wall street has a preference for reoccurring revenue and retail is one off. the only true cloud play that passes the rule of 40 is of all things sales force you know i love sales force. my travel trust owns it, it's more of a senior growth name and hasn't been a ridiculously high flier and the stock is stuck in a holding pattern since they announced the acquisition of slack. you can buy for the long haul there is a chance to get it cheaper pr er as long as the ec keeps humming. you have a few more candidates there is seed limited, tell la

do -- teledoc and bumble and door dash i like very much. they're a lot like the previous group in that they're not really cloud software plays so they made lower valuations. what about the stocks that pass the rule of 40 test and trade more than ten times sales on next year's numbers. 15 of these, some of which i like a great deal, roblox, i really like and think is terrific and service now and affirm i think you can put on a small position but leave room to buy more at lower levels because i wouldn't be surprised if there wasn't more pain in store. put it together and i got to tell you, when you run the numbers on the high flying cloud stocks, the results are disappointing. i was hoping to see more cloud names with that steep sale off but we're not there yet. too many of these are still very expensive so the bottom line, after the recent beatdown it's still too early to call a bottom in the cloud space

a lot of damage done but given how the stocks have run, many of them could still experience a lot more downside before they start looking enticing without a major decline in interest rates, i think the cloud cohort will continue to struggle and there is no hurry to do any buying until we get to lower levels for most, if not all of these stocks. dennis in michigan, dennis >> caller: hey, jim, action alert member here. >> be sure to try hard enough. >> caller: i liked it. so i took a position in pinterest a few months back. i like the growth opportunity and potential but since the report the stock went down i don't need it soon. >> i think you hold it get a bump off if we get rates down a bit it's a good company.

it did get to be too high when people thought microsoft would buy it i don't think they want to sell and then your chance to go let's go to ivani in connecticut. >> caller: boo-yah, jim. >> boo-yah >> caller: i'm a young invest tore in college and i watch your show regular ly. >> great. >> caller: can you tell me more about the performance of d docusign >> they are closing of america stocks i think it is here to stay but you have to understand it is very out of favor right now. if you're willing to hold it for a long time, i think it will go back up but you have to hold it for a long time because a lot of people need to see how well it does with the pandemic running its course without a decline in interest rates, this cloud cohort is so expensive is likely to continue to struggle. much more "mad money" ahead. could the company offer under the radar way to make green in

the cannabis space i have the ceo and why powell is right btoe stubborn about inflation and then the lightening round is stay with cramer (♪ ♪) whether it's a technology first, (♪ ♪) a fashion first, (♪ ♪) a science first, (♪ ♪) or a first for us all (♪ ♪) whatever you hope to achieve for your business, cloud first helps you get to value...first (♪ ♪) let there be change accenture it's time to switch to t-mobile. right now, pay zero costs when you do! keep your number and keep your phone --

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as state after state legalizes marijuana, it's a gold rush but just like the actual gold rush you don't want to bet on the prospectprospectors, you bet on the companies with picks and shovels. a public company that makes hydro upon in ponics there is tremendous demand it became public at $20 in december for jumping to $52 and

close on the first day and soaring to $95 peak in february and turbo charged growth stocks tumbling to 57 as of today at these levels you're getting a bargain. hydro pharma reported great numbers and been guiding for 20, 25% revenue growth and 30 to 40% that is spectacular. yet the stock barely budged in response this could be too good to ignore but let's check in with the chairman and ceo to get a better sense of the quarter welcome to "mad money." >> thank you, jill great to be here. >> bill, this is your first time on the show and when we do that, we always give the floor to the ceo so you can tell us exactly what we should be thinking of and give us a little background in the company. >> sure, i'll be glad to, jim, thank you for having me. first of all, go birds being a philly guy like you.

we're a 44-year-old company. we own brands and distribute products bet on the companies and bet on the brands we sell equipment and lighting and sell soil and grow media and sell nutrients all these are key products growers need whether a home user, commercial user and sell through the retail channels. we sell through the grow generations of the world all those 1200 beautiful independent hydroponic retailers is who we work with and commercial grows and consult with them and advice them and work through the retailers and third party partners to get product to them and really help them improve yields and have greater quality in the products. >> bill, j.p. morguan, the pric is elastic what does that mean? that means you have a good thing

going. >> it comes down at the day the growing can sell the product they are growing from 1500 to $2,000 a pound, they make sure once they get the formula right they stick to those ingredients. they want to use the products that work and get better yields and better quality and more consi consistency. that adds up to a wonderful business model to allow everyone to make money along the way. >> you buy a company called heavy 16 that seems like an important brand name because people are going crazy for it. >> it a regional business based out of los angeles and strong pockets of demand in michigan and oklahoma and every other large controlled environment agriculture and cannabis state we hope to roll this out beyond the key four states and take it across the country the great partners and great friends and guys we think we can build a nice business with and very profitable for them and profitable for us and really

helps me remix our pnl every time we add a company. >> pennsylvania may pass this and i was thinking okay, what happens if you're farming? bill, why wouldn't someone steal your crop? i mean, your crop is so valuable. >> they're very valuable that's one of the reasons we believe most cannabis will be grown indoors in a short run and over the long run. first of all, in doors you get four or five crops a year and control environment, nutrients, lighting, everything so yeah, you're going to be growing indoors because that's where the vast majority of the best way to protect the crop and the best consistency in the crop and that's how this industry is going to evolve going forward. >> if you're a farmer of this, you'll have good yield what do you do how do you make money? >> well, we make money because we have brands, jim. >> how does the farmer make

money? i know you make money. let say the farmer has this explosive crop by using your stuff. what do they do? >> they sell it in the dispensary network and whole overall network that gets to the ultimate consumer dispensary and that's where they make money that's a beautiful part of the value chain and each step of the value chain, everyone has a chance to do well. >> to me, this seems like you have a controlled environment. you can do it pretty much in your basement if you want to if you hook up with a grow generation, at a certain point, everyone will be doing this. >> well, i think so. i think it's -- people love to farm people love to grow their own. people love to have their own indoor, you know, especially in the last 12 months, people have been growing more than they have all kinds of crops we see growth very, very broadly. this is not just the new legal ielzed states. this is almost every state in every mature market, new markets, emerging markets,

markets that haven't passed yet speaks to this incredible opportunity of broad based growth. >> one last question, how much of your business is cannabis versus other products like indoor tomatoes, which i'm thinking about growing >> yeah, probably -- we don't get great numbers because there is not an iri like my last world. we guess 75, 80% of this is cannabis one thing we forget is 60% of adults in the u.s. still don't have access to legal cannabis in this country that's a shame if i told you twinkies couldn't be bought by 60% of the u.s., you would realize there is a lot more growth. >> that's why i like your business very much president and ceo of hydrofarm "mad money" is back after the break. >> announcer: coming up next. >> let's make money together what do we got >> announcer: cramer is answering your burning questions in today's edition of the lightning round.

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you now hold in your hands? yeah (laugh) keep your downstairs dry with gold bond body powder. it is time, it is time for the lightening round buy, buy, buy, sell, sell, sell and then the lightning round is over are you ready, ski daddy let's start with nick in illinois. >> chill, what's up? >> caller: so i'm calling in today about amtm i've been long since february. >> i would buy more of it. that's how much i like it. i'll through in unh and three some let's go to mike in new jersey,

mike >> caller: jim chill boo-yah and good bless i'm an old wolf wall street guy. >> all right. >> caller: ethan brown and the beyond meat team have a viable concept to do expansion in europe, china and u.s. stores with more affordable available health care products looking at the repetitive chart -- >> they are all over it but i'm a believer call me a believer i got the tell ya, i think this is a winner longer ma er term. let's go to joe in new jersey, joe? >> caller: hello, mr. cramer long time viewer, first time caller. >> what's going on, partner? >> caller: listen, you know, this stock was over $400 this past friday morning i seen it at 188, 189 i couldn't help myself so i had to press the buy button. i went against what all the heads were saying not to buy

tech, mega tech stocks anyway, since that friday morning it went up 14% what do i do with this great company snow flake stock >> hold snow flake i want you to hold snow flake because frank runs that company. i know it sells at 55 times sells but he'll make money for you because that's what he does, make money please do not dump snow flake. mat in alabama, matt >> caller: jimmy chill >> yeah? >> caller: i got a quick question about a spac. the spac has manufacturing facilities on three continents it vertically integrated and last week they just announced an rnd facility in florida for commercial e tuscan holdings.

>> we had faisker wasn't good. as long as you're willing to take pain, take pain let's go to texas. >> caller: hey, jim. greetings from austin, texas. >> how are you >> caller: doing good. how are you? >> i'm good. thanks >> caller: my question is in regards to ticker symbol afl, aflac. >> good insurance company, not great. a ho hummer and that's all it really is. let go to robert in maryland, robert >> caller: boo-yah jimmy chill, how is it going? >> man, you're fired up. i'm good, how about you? >> caller: pretty good thanks to you and your team you guys work hard i want to say thanks. >> our team is terrific and thank you for saying that. i do love these people i love the team. it's excitement here what's up? >> awesome. >> caller: how do you feel about p proto labs >> i don't know proto labs

you stumped me that is one that just passed right over my head like whoosh i don't know it. i'll have to do some work. let's go to mark in florida, mark >> caller: hi, jim i hope you're well. >> i'm doing well, thank you for asking what is going on >> caller: i want to thank you for advice on roblox. >> that's a good one >> caller: next, dr. cramer, i need your prescription because united micro electronics a buy at this level? >> i think so. i think so it's just doing really well. i mean, the chart is wrong the stock is doing well. i'm okay with it i really am. let go to cheryl in florida, please, cheryl >> caller: how are you >> great >> caller: you did talk about a stock a few months ago as an up and coming stocks. things did change. >> jimmy chill is -- jimmy chill is hard pressed to be chill on

that one that's a disaster and i'm being really, really nice, i feel bad for j&j they ever decided to contract with them and that, ladies and gentlemen is the conclusion of the lightning round. >> announcer: the lightning round is sponsored by t.d. ameritrade coming up, when can stubborn save investors from them s shelves? cramer couldn't be happier find out why 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 so you can quickly check the markets? yeah, actually i'm taking one last look at my dashboard before we board.

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. all right. let's say jay powell gives so many commentators what they want by raising interest rates. i don't think we'll crash under pressure powell is committed to hold rates low to put more people to work we have 6% unemployment. that got down to 3.5% in 20 19d. we're nowhere near full employment we know he could cut minority unemployment in half he knows there is a huge human

cost to e raradicating inflatio isn't worth the trade off. a lot of people seem to believe inflation is unacceptable but unnecessary evil powell disagrees let's say he changes his mind and decides to take it the first thing that happens is the same people that have been heckling him to raise interest rates will keep doing it and probably louder. second thing that happens long-term interest rates go down and he raises the short rates because demand will go lower and third we'll get an invertded yield curve or there abilities and the fourth thing that happens once the rake hike starts we'll be predicting a recession, keep that in mind whenever you hear. a session often because not always they want to keep it down the unemployment rate is 7 or

8% at that point we need congress to step in with more stimulus, it's way too paralyzed sixth and finally the cycle starts over again. once the fed rate hikes cause a recession, they'll have to start cutting rates to save the economy. all right. what's the alternative to this cycle of pain? let me give you the truth here simple we let the inflation play out. maybe it's chanctransitory i would rather take an inflation hit. this sure seems transitory there is minuteeral inflation the lines will boost production and copper is the main byproduct and the junk pickers will pay waste management for copper scrap and their economy is cooling according to the numbers we got this weekend. second, we've got lumber inflation but a lot of that is because of tariffs what we need to do is drop the tariffs and the price will come

down and that seems in the w works. th third, plastic prices have skyrockets from storm yuri fourth, surging crop prices. farmers will buy lots of new equipment and causes prices to come backck down. fifth, oil has jumped to $66 a barrel but every time the price of oil rebounds to these levels, drillers in the basin add large capacity where the oil is from the incremental oil we have. the big chip makers, we know what they will do. they will switch from producing ramps where prices are rolling over because of the age of remote work and they can start supplying more auto chips at high prices until the auto makers can catch up and nxpi is

making more. seventh, we have housing inflation because covid allowed so many people to work remotely as the world goes back to normal, that will come to an end because your boss will make you go back to the office. as steel mills add capacity, prices are forced down and i expect the biden administration to be less aggressive about cracking down on chinese dumping from mexico and his predecessor. for better or worse, there is no peter navarro. as home building slows, so will demand for new home appliances and that creates a glut. technology continues to be a powerful driver of deflation as disrupted technology displaced expensive goods and services, there is more downward pressure on the price level let's put it together. most of the inflation is driven by shortages and shortages tend to be self-correcting. prices go up so companies have more supply then prices normalize, problem solved. everyone calling for the fed to tighten maybe have a little more

faith in the free market, would you? if we let this process play out, we'll have a soft landing and jay powell will look like a genius and hero or our time. i like to say there is always a bull market somewhere and i promise to find it for you here on "mad money. i'm jim cramer see yo conflict rages in the middle east, now a new position from president biden. i'm shepard smith, this is the news on cnbc israeli warships unleash heavy strikes across gaza city hamas rocket barrages continue in israel. >> we urge all parties to avoid any actions that undermine the chance for a future peace. and the u.s., again, blocks the united nations' call for a cease fire. tictoc matt gaetz, new pressure on the congressman after his friend flips,