brady is talking crypto. yesterday we had sean carter with jack dorsey on a twitter space. that's on fire i like sofi last week 21.5 i like it here. >> see you tomorrow. "mad money" with jim cramer starts right now xxxx i am here to level the playing field for all investors. there is always a bull market somewhere and i promise to help you find it. "mad money" starts now >> hey, i'm cramer welcome to "mad money. welcome to cramerica i am just trying to make money my job entertain, education, teach, context, call me 1-800-743-cnbc or tweet me @jimcramer what's the best way to invest in the stock market one way is to own every stock

pretending that all stocks are created equals the s&p edged up 0.3%. s&p and nasdaq reaching new records again? and that's what warren buffett advocated. tonight he and his partner charlie munger will be interviewed by becky at 8:00 p.m if you want to say the s&p an index that changes all the time, dropping losers that don't make the cut or exiting stocks from companies that got successful takeover bids and adding the you biggest winners of late, a living breathing selection process that should generate returns. now, people call this passive investing. that means the s&p is definitively actively managed. plus, buffett will tell you that seeking good stocks, well, it's rarely worth 1% and change some mutual fund managers charge you versus the s&p and the pofts

that a hungedge fund will take. put money in a cheap index fund that mirrors the s&p most people don't do this. they are wrong why do a show about picking individual stocks for 16 years because if you to it right, i still think you'll outperform the index funds. of course, you are able to determine your own tax situation. a lot of people are going to do it wrong no matter what. i want to give them the tools they need to protect themselves. now, the index fund cultists would have you believe it's impossible to consistently outperform the market. they make it sound like a game of chance. i prefuse to accept that why? i will tell you a story. i was a little boy my father would take me to get white bags for delivery to his customers. retailers needed them to package their merchandise when you made a sale we had go to the wholesaler to get the bags like a lunch bag and the man who owned the place

had a little office in the back of the warehouse where we'd settle up. every time we went to see the jobber, my dad would say that john was a marine war hero, pop had -- was army, had respect for any marine he told me because of his investing john was independently wealthy. i had no idea what that meant. one day my dad asked him to say what he did with his profits every year john opens his desk and pulls out a ledger and he showed me he bought the stock of merck, the pharmaceutical company every year and reinvested the dividends. he made millions of dollars. literally millions the i remember shaking a man in a warehouse with paper bags could have so much money because he bought shares in a drug company that he didn't bork carlos ortiz didn't know anything about what an amazing idea, huh? i remember i asked my father, why don't we do the same thing but pop had a brother who knew a guy who knew another guy whose

tennis pro said he should buy the stock at national video. i didn't understand why he didn't buy erck in national video, that was hot my father said this is a quicker way to make money than merck what i say merck's still around try finding national video back in the day, merck was the stock that made you fortunes over time. of it made me independently wale i started with merck money national video was the kind of stock that lose for hundreds in short order. i mention this history because i find many investors haven't asked themselves the question, what do they want from a stock right now we have on display one of the biggest menus of stock winners i have seen. there are tons of mercks as well as a bunch of national videos. maybe it's safe to stick to index funds. i think of that warrior with his millions of dollars gained by investing in merck and my dad with the thousands he lost betting, not investing, but betting on national video.

so why don't we go to this hen auto u right now i want you to tell the difference between those types of stocks. merck itself, which has lost its way a little bit it wasn't a go-go stock when i was little, it had a lasting heyday, one that continues to this day there are other stocks that raised the difference from 25 years and we have 65 in the s&p 500. national video, it did not pay a dividend on the other hand, red hot momentum stocks the kind belonged by cathie wood. while they rarely pay dividends they can rack up enormous gains. would might be the manager who picks enough winners we have people mo are investing in ipos. most of them seem like national video than merck

dei d the spac plays didi although fewer people believe the numbers-there are the cryptocurrencies where a lot of people made a lot of money but they are off the highs and lately they seem wild west you have stocks that are in flux the banks which are heavily regulated got permission to return to some capital shareholders morgan stanley surprised us the size of its capital return plan and because it's doing really well or we have stocks like facebook which just beat the ftc in federal court. now, the ftc wanted them to make less money there is a goal. morning that later finally stocks like pay dheks which looks like merck in the '60s payroll processors more on that later boost the dividend growth names like shopify one the best stocks of our generation, the kind of thing my father was shooting for with national video because he didn't get it or else i would have a private island right now i know, i know because we found the original shopify for you

1400 points ago. you can find the next paychecks because we found it for you. 70 points ago. sans dividends you can find the next facebook which we recommended at 18 and of course you can find the next nvidia, a stock i like so-much that i named not one but two dogs after this. nvidia the first got his chname changes 600 points ago the bottom line, don't take them too seriously when they tell you that regular investors should stick to index funds only because if you are willing to do the homework i think you can pick your own winners and out perform the averages provided you avoid the red hot national videos sometimes i wonder if pop knew what they is or if they knew what they did either how about bradley in california? >> caller: hey, jim. greetings from socal retailer macy's, your thoughts on the sustainability and

momentum as we meander back to normalcy and do you think the brick and mortar stores will benefit and along those lines when and if you think the dividend will be reinstated. >> i think they are doing a good job at macy's. they need more international travel because the new york store is so important. a lot of right moves the stock is cheap enough i want to own it into this period it's not my favorite brick and mortar store, but it's good enough it will do the job luis in north carolina >> caller: hi, jim i'm so glad to talk to you the largest e-commerce retailer in south carolina. they are moving like revenues, qua quarter-over-quarter their march ipo raised four billion bucks. the stock hit 39 but dropped to do 30. is it time to load the truck with cpng? >> see, i keep coming back to why i like alibaba so much

i think that alibaba has the right stuff and is breaking out and that's the one i want you to buy. i mean it. i want you to buy it index funds aren't the only game in town. on tonight, if you are willing to do the homework you can pick winning stocks and i say beat the averages on tonight, global economic activity from merchant's own shopify reached $307 billion in 2020 can the strength in e-commerce continue to 2021 i am eying the company find out what's ahead. unite. and the weather is heating up. are the market's seasonal patterns getting hotter as well? i'll find out if we are due for a rally. you do not want to nmiss this. and the u.s. economic back in full swing, i am talk to paychecks ceo and whether the benefits if they drop will mean more people looking for work

so stay with cramer. >> announcer: don't miss a second of "mad money." follow @jimcramer an twitter have a question? tweet cramer #madtweets. send jim an email to "mad money" at cnbc.com or give us a call at 1-800-743-cnbc this /* miss something? head to "mad money" .cnbc.com. sales are down from last quarter but we are hoping things will pick up by q3. yeah...uh... doug? sorry about that. umm... what...its...um... you alright? [sigh] [ding] never settle with power e*trade. it has powerful, easy-to-use tools to help you find opportunities, 24/7 support when you need answers plus some of the lowest options

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you'd leave him tomorrow. not very flexible. not great at saving. you deserve better... xfinity mobile. now they have unlimited for just $30 a month... $30. and they're number one in customer satisfaction. his number... delete it. i'm deleting it. so, break free from the big three. xfinity internet customers, switch to xfinity mobile and get unlimited with 5g included for $30 on the nations fastest, most reliable network. last six weeks we have seen a massive rotation back to the turbo-charged growth stocks that i like ones that sold off hard in february and march to the point some are making new highs. shopify, the software company that helps businesses of alls set up e d-commerce platforms. from me 13 to last week, shopify rallied more than 50%.

it's pulled back a little bit slightly shopify keeps plugging away, investing in its platform delivering excellent results, helping people all over the world. today they hosted their annual shopify unite event for partners and developers where they announced a major infrastructure innovation, including new tools to help customers better customize their own digital stores let's look with harvey finkelstein, what comes next welcome back to "mad money." >> great to be here. thanks for having me on again. >> do you think it's possible that a single merchant will be able to sell 300,000 pairs of sneakers in just over eight minutes? >> well, that's the goal at least. we want to make sure merchants have no limitations. and so when you talked about shopify unite, there are two components of the announcements today.

one was more flexible, more scalable, more high-performing version of smhopify where merchants can customize their storefronts. using our online store 2.0, this is the first time that netflix had an online store and they were able to customize a store that was specific to their needs. the infrastructure announcements that we made and companies like all berths creating mobile apps that unlock exclusive deals and allow consumers to stry on shoes using augmented raeeality and shopify checkout we have talked about it many years because the biggest flash sales on the planet happen on shopify. what we wanted to do on the checkout side was extend the customization capabilities to check out and shop pace. if a merchant wants to build specific experiences, donation requests, up sells, buy now pay later, everything is available from shopify if they want to sell 300,000 pairs of sneakers in a few minutes, they can do this.

>> this is joyous. everybody has a dream. and the dream can be realized because of the man you are looking at and the incredible team canadian team. one inning i told my wife is that do you know that this man knows every single business that has been helped by shopify chock owe traders, tell me about them. >> it's interesting you bring up that store that's a great pandemic story. here you have a toronto-based social enterprise that works directly with farmers and makes their product from scratch during the pandemic they were hit hard using shopify they easily moved online and used curbside checkout and also use touchless payments i think shopify, jim, we are a rare breed we were a wonderful pandemic story. we helped small businesses survive the pandemic and now we have fully transitioned to being a global recovery story as countries open

up we agree that the center of gravity for commerce has shifted online and every merchant, every brand, every small business now requires a retail operating system and they need to do multichannel natively and that's what shopify is best in the world at in 2020 alone, 450 million people checked out on shopify. that's about 8% of the global population and we're now looking at 90% of all e-commerce in the u.s. is going through shopify. we are a proxy for independent small businesses when you see the consumer confidence numbers that came out this morning, consumers are vote being their wallets to buy from independent brands. one of the things i like, i was going back and forth with mark zuckerberg today. he is so proud of his relationship with you to help small businesses grow with him i mean, you kind of crack the code if you got zuck telling me he likes working with you. >> it's pretty amazing whether it's a relationship with facebook or our new partnership with google or some of the things we announced with tiktok

and pinterest, we believe that the future of retail is going to thak place in the modern day town squares and consumers are spending time on facebook and instagram and youtube and google maps and it is our responsibility if we want to build a future-proof commerce system to make sure the int fwragss are easy former chants so they can reach their sko consumers. with facebook and instagram, this is the first time that shop pay is now available to retailers not even on shopify. we think that's going to make it much easier for commerce to be con tucked in a decentralized independent way and we are very proud of our partnerships. >> there are still people that don't believe you invest in companies. that you are just some sort of -- they don't get that you have heart and soul. i will give you another chance because of unite, how many businesses have you saved, helped create that wouldn't exist? >> well, it's kind of amazing. we talked about capital being such an important part of building a business.

we have now given out more than $2 billion of cumulative capital since we launched shopify capital. it took us four years to give out the first $1 billion to double it to $2 billion. this is capital that otherwise small businesses would not be able to receive. but remember we want to democratize the opportunity not for just for small business but developers one of the most impactful announcements i need today on stage at knew night was the fact that we have reduced the ref share for develop toers zbloi percent on the first million dollars. if you building an app on shopify your first million dollars is all yours that's important because we believe in building a really ecosystem and we want tens of thousands of developers building on shopify last wyear our partners generate $12 billion in revenue which is four times what shopify made we want to create nor value for them than we capture for ourselves.

that economy of developers and partners on shopify keeps growing. >> now that the pandemic, hopefully, is ind wwinding down companies less in need do you know longer feel where the companies aren't as strapped because things are starting to open up? >> not at all. what we are seeing is that entrepreneurship is now part of the global recovery story. small businesses is going to lead the charge in bring ing our cities and communities back to where we were pre-pandemic w what is important to understand is that businesses now have to be forced to are resilient there is no more -- the idea of saying i'm an omni channel or multichannel retailer today like sa saying i have a color tv every business needs to sell multiple channel across every single service possible. and i think when you have the supply side of these great brands building these great products and selling everywhere and you have the connell summer demand saying we want to buy,

vote with our wallets to buy from independent brands you have one of the most important new emergeents in aspirinship ever i think better living in a special time for small business. i have never been more bullish on entrepreneurship than now. >> it wouldn't be a special time if you and your team didn't do this or if you had sold out for $100 when we saw each other for $50 and companies said i'll pay you double again and you knew, you knew more importantly, you had pride and you were never going thlet this go. thank you for everything you have tun harvey finklestein for changing millions of people's homes and dreams to ma, into businesses tt make money phase, we do this show, this is what we do lots of companies i love, but then there are companies that make me feel like you know what? business is the greatest source for social change. "mad money" back after the break. coming up, do seasons drive the stocks

cramer tackles the market's hottest pattern off the charts next

at a moment when the nasdaq and the s&p keep making record highs, it happened again, how do we get our arms around the market people are confused. we made the move on a rotation out. industrials still going on the stocks that tend to thrive in a slowing economy wall street is concerned that fed will raise interest rates. that's why the nasdaq and s&p, don't panic. that's what's going on when we keep making new highs you've got to wonder how much the market can continue. i keep getting asked about that. tonight we are going back to the well, off the charts with the help of larry williams, the technician who has been trading since i was in grade school and

he has been so hot, i couldn't resist also written more than a dozen books, created a host of indicators that are used all the time here. more important for over a year now he has been on fire. nailing nearly every twist and turn in this roller coaster of a market including the most recent one, yeah, a couple weeks ago williams warned us about the late june swoon. he looked at the data from the last 22 years and concluded that the market rolls over in mid-to-late june before rebounding a week later. sure enough, we got hammered that week and it created a phenomenal entry point if you were nimble enough to take advantage of it if you did exactly what he said that's larry's specialty he identifies all sorts of cycles that tend to repeat themselves year over year, including seasonal and stock specific patterns. we are going to cover two of this em. last spring when everyone was tearing their hair out about how covid would ruin the economy he said it would bottom mid-may.

and he absolutely knocked it out of the park. arguably the best investment advice on the show last year beyond that he is always looking for important dates on the calendar when a stock or an index is likely to change it's trajectory we have seen a bunch of these. buying stocks going that thanksgiving, buying the retai retailers into easter. it's stunning how often they worked out so i couldn't -- i had to go i had to go to him and that brings us where we are now. while the market has been roaring, williams thinks it has more runoom to run if anything, it could be about to step into high gear because we are headed it the fourth of july reaally not every, but many. what makes him so confident? take a look at that daily short of the s&p 500 futures the red line down at the bottom represents the s&p seasonal pattern projected out through the rest the year. look at this, will you typically the market tends to rally this time of the year with

a nice run through mid-to-late july if history is a guide you expect the s&p to keep running. williams has demonstrated history can be incredibly reliable for stocks. not perfect. they are never 100% reliable sometimes they break down. when it comes to trading stocks it's better to have history on your side and is ever right here we took advantage of the same fourth of july trades last year and it worked out fabulously williams likes your odds and i do, too. so what's the optimal way to play the seasonal pattern? this chart is more of a histogram. he has calculated how you would have done if you bought the s&p 500 futures on the first trading day of skrul and held for up to 12 more days as is so often the case, the longer you hold, the longer you hold a winning trade, the more money you make williams points out the maximum profit comes when you ring the register on days eight through

12 look at this there, there so trades you need to exit quickly because they are short lived. that was the case with the june swoon. sell stocks early, swap back a couple days later because the market quickly rebounded this fourth of july trade has more longevity than that if it works in your favor, it probably has legs and you got to keep holding on. how accurate is larry's seasonal forecast what percentage of the time has this worked? accuracy is important, it's not important 70% of the time, you have to have the gains and losses if it works every year but then it has one or two losses that far outweigh the gains, the risk/reward is not your favorite this table measures how you would have done if you bought the s&p futures on the first day of july and then sold however many trading days later over the last 23 years. okay now, if you only care about accuracy, then history says you

want to sell right here, right a day or two later that way you'd have a winning trade roughly 80% of the time right there. that's the easiest now, if you hang out, and you go for more than five trading days, okay, then the accuracy declines see right there? big step down. however, while the risk of getting it wrong rises, holding on for 12 days tends to give you the largest gains. you've got to gauge yourself on average you would have made more than three times as much money selling on day 12 versus selling on day one if you want a reliable ultd tra sh short-term trade buy at the s&p on thursday and sell on friday if you are willing to accept a little more risk, williams is adamant fwieg on thursday and selling 12 days later is the best way to go given his track record i believe him. that's good news for the broader

markets. so i suggest, all right? however, this is a bit of a downer and i don't like it. there is at least one stock, one stock he wouldn't want to own going into the fourth of july rally. it's the one the government isn't after, the analysts love, a total cramer fave. microsoft. his reasoning? look at microsoft's daily chart. this is a bummer for me. although the stock has been roaring since mid-may, he noticed something curious. check out the purple on balance volume line at the bottom. see, this is cumulative indicator that measures volume flow adding the volume on up days and subtracting the volume on down days when you see a big move on a modest -- it means that the move is lying it's a fib when it comes to microsoft's recent run, williams points out there is hardly any volume behind it at all

that's the kind of pattern we typically see before a sell-off. he noticed the same thing in apple, amazon and google 12 something to keep in mind i know i am. we own all these stocks. follow along by joining my action alerts plus dot-com club. we are committed to owning them but i don't like what i see. the bottom line. the chart is intercepted by la lay layerry wims /* /* larry williams the fourth of july rally that worked well last year because of him. but though he sees the broader market headed hire, he remdesivir steering clear of big tech because those stocks have been roaring on weak volume which tells him they are fragile. i am not a trader of these flames too hard to get out and in again. those are inclined the data is pretty convincing. tim in new york. tim. >> caller: what's up, jim? it's tim i'm from long island i'm calling about context logic.

aka wish the partnership merger out of china, with wish down 44%, buzz wooesh have it right >> well, i have to tell you, what i did was poll people about this people love the product. they love the product. now, i don't want to -- whi see a stock down 101 million trades or marin software 300 million shares, that is daunting to me i don't know what to make of that that seems kind of a little crazy. when people tell me the product is good, what can i tell you, tim? who am i to say it's no good anne in my home state, new jersey >> caller: yes i love you jim. >> thank you >> caller: i love, even though i bought a stock that you said you loved, which everybody else seems to love, too since then it's gone down, down, down i need to know if i sell it, i m

people don't understand. when banks merge they choose it. it's really good maybe because it's in north carolina and doesn't get p publicity. stick with it. i keep the bell on my desk because i keep thinking i can't be this wrong. can't be i say stick with it. the chart suggested the s&p could shift into high gear the next two or three weeks because they say beware of big tech. those may be hitting the brake in the near term much more "mad money" ahead. labor market continuing to make headlines, the ceo of paychex to see what he is seeing. and "the lightning round." so stay with cramer. if you wake up thinking about the market

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as we head into friday's always huge employment report the most important macro number in a market like this where wall street is worried about wage inflation from a tight labor market, can we glean anything from hiring from the payroll processors paychex handles payroll and human resources, this is a company that usually reports excellent number to see the stock sell off anyway. when they delivered this quarter, it was terrific last friday clean top and pom line beat, bullish four full-year forecast they broke the pattern with the stock roaring in response. another all-time high today. let's heck in with martin mucci, the president and ceo of paychex. we will get a clearer picture of the quarter and what is going on welcome back to the show >> thanks, jim.

>> let's start by saying happy 50th an amazing thing for companies to be 50 years ago to get that far. if you had to look at the long-term success of paychex, the reason why you went from being a small company, very small in when you started to be the giant in your business >> well, thanks, jim i think it's been really about the people at paychex, our employees have made the difference with service and the innovation we have always tried to stay aof the market from a technology and inv ovation performance. none better time than the pandemic when they were really trying to fight that are their survival. >> you absolutely have been. particularly with ppp which has been difficult to understand you had a team that was all set so people could get that money back that they needed to stay in business >> right and we helped, you know, helped our clients get over $65 billion in ppp loans as well as turn

them into grants with the forgiveness. we are now on a mission to help them with the employee retention tax credit, one of the best things for small and midsized bidser businesses. we have already processed over $3 billion worth of employee retention tax credits which is cash in their pocket to help them out right now can you tell people who may not know, this sounds like a great opportunity for you. >> well, it is it's really an -- we talk to the client, take care of filing for this basically, they can keep with holdings of some of the tax has they are withhelding from their employees and themselves they don't have to pay the taxes once they file for the employee tax retention credits if they are retaining employees in their business this helps them offset wages, wage increases as well as new employees they are bringing in it's cash in their hand which is very helpful right now.

>> i'm writing this down one of our businesses is not covered by you all right. so this was the biggest raise i have ever seen you do. so you had a level of confidence because you are a very conservative man, something is happening that you were able to make that increase in forecasts that made me feel almost roaring '20s like. things can be that good? >> well, jim, we had a record han breaking fourth quarter. bed the best sales results in a fourth quarter, best revenue as well as operating income and we are forecasting to take our industry-leading operating margin from 36% to 38% next year i think there is just great demand for our hr support, compliance hem, time and attendance, payroll and retirement services and we are able to hold our expenses down to produce great industry-leading margins. >> the wall street this weekend basically said that americans are leaving unemployment rolls more quickly

"the new york times" said where jobless benefits were cut, jobs are still hard to find these are diametrically opposed stories. we are all, including the fed chief, worried about whether if you cut the unemployment benefits, people come back to work, you are probably the only person in the country that knows the answer can you set that will debate >> what we're hearing from clients is it's a combination of many things that's making it tough to hire. it is the unemployment being higher than normal that's definitely in most areas. it's going to be that way through labor day. as you said, there is stimulus money in people's bank accounts right now. and so there is stimulus money they didn't expect and they are feeling a little bit more secure right now at least through the summer you are also seeing the market doing bl for those this the mark you have covid health concerns about people being resistant about coming back until more people are vaccinated. and then you have childcare, day care and schools not back to normal we see this all comeing together

around september that will allow people to hire a little bit easier would be our sense. >> shouldn't there be some concern among people who are jobless that they ought to lock in great rate now versus when a lot of people only in in october where i think we can drop how much we pay? >> well, i think that's a great question i do think, jim, that's true i think you are seeing elevated minimum starting rates you know, even the front line service positions up 17, 18, sometimes $20 an hour where they were less than 15. i think people are saying right now there is -- all those concerns i mentioned, and when you balance it out, i think they are waiting -- they are going to do a little bit of wait and see and it will pick up again in september. however, i will tell you that our clients hired, you know, over 300,000 new employees last month and 3 million in the last 12 months. so there is hiring going on. >> i was amazed in the hiring in

leisure and hospitality. that's a boom, marty >> yeah. it really is and it's great for those folks and the supply is there, as you know a lot of pentup demand for restaurants and a lot of service positions. i think the tough part is that a lot is part time right now and the employers are being a little bit careful if they have to pay higher wages, do they bring as many back. right now it's about finding the people and hiring them i think they will be out there to find them and we are out there to support them with our hr support. >> i am a client you do a great job this is your time, marty it really is i am glad -- well, one doesn't understand it. all the analysts recognize it's not about the flow it's about all of the products that you offer that companies need thank you to martin mucci, president and ceo of paychex happy 50th birthday. >> thanks, jim. >> "mad money" is back after the break. just tchill out. the chill man is in the house.

he is happy. >> "the lightning round" is coming up when "mad money" returns.

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that's when dr. petsworth turned to his american express business card, which offers spending potential that's built for his changing business needs. he used his card to furnish a new exam room and everyone was happy. get the card built for business. by american express. "lightning round" is sponsored by td ameritrade it is time and then "the lightning round. are you ready? george >> caller: hey, jim. thanks for taking my call. i love your expertise on the markets. >> what? >> caller: thanks for providing all these years of expertise on the market. >> thank you very much

thank you. >> caller: if you are like me and own property in california, you probably noticed your insurance go through the roof in the recent year. i have had a 43% increase by allstate and i never had a single claim. >> wow. >> caller: i came across the a company, a blessing in disguise, and they got me rates that were much lower than what i was paying before. and coverage that was much, much better. >> okay. >> caller: i got my friends to switch over -- >> good for the company. but what stock. >> caller: they have partnered with reinvent partners. >> it's a spac this is the hippo which people like for insurance i am not going to fight it how about that brett in washington. brett. >> caller: booyah, jim. >> booyah, brett. >> caller: long-time listener. i wanted to thank you for your help on investing.

>> oh, you're very kind. thank you. >> caller: calling about bidu. >> my second favorite after alibaba. for people who don't like alibaba, bidu is making a comeback here. those are the only two i have been talking about other than jd i don't like a lot of chinese stocks didi isdo you

call it? variants she has 52 different variants. my life likes it a lot of people love it. and that, ladies and gentlemen, "the lightning round"! >> "the lightning round" is sponsored by td ameritrade. coming up, should the government's approach to faang make you think twice about facebook or is the ftc just pulling teeth? cramer just the wisdom next. tomorrow kick off the trading day with "squawk on the street." live from post 9 at the nyse. >> if you spac something, then it would be like, david, you would need a spac report >> you would. >> we're trying to cue the booth. >> i love it there it is. >> thank you. >> wait, here at the end

[ laughter ] >> i love it. >> you like the modulation >> it starts at 9:00 a.m. eastern. 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. 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. ♪♪

never get on the wrong side of a federal judge because they will beat you down that's how i feel about this federal court ruling against the federal trade commission and it's crusade to stop facebook from monopolizing the social networking business in a way that hurts its users ju the judge wasn't having any of it the ruling was a primmer on how the ftc and the 40 states that sued with them were so incredibly wrong in the way they brought the case and the remedies they asked for. it was embarrassing. his room was filled with caustic comments one big better luck next time reproach i say better luck next time because i am confident there will be a next time. the regulators are gunning for

facebook and other big tech outlets. the only thing that the democrats and republicans seem to agree on. they fumbled to explain who facebook was hurting, let alone why they were hurt or what should be done about t i am sure they will go at it again at the same time, he did lay out a roadmap for how a more competent regulatory agency might go about bringing a stronger case. you can bet that the ftc's new chair, the 32-year-old firebrand lena kahn will start pursuing facebook in a much more thoughtful way yet i still think she is going to lose. as i see it, this shows you how any regulatory attempt to contain big tech could be doomed to failure i am surprised their stocks didn't roar again today. unlike congress, the judiciary is interested in facts it's hard to get these companies on antitrust grounds assuming you believe facebook is a monopoly to begin with, something the judge

acknowledged twitter, tiktok, snapchat, as long as they are not hurting customers, it will be hard to get a court to croc down by these companies i mean faang, what we saw in this ruling is that being too powerful is not by itself an antitrust violation, not according to the judiciary, and that's who matters. the regulators need more than that if he thnt what to stop faang and i'm using the amore fous word symptom. the ffc hasn't figured out what to do to hobble a popular product so it doesn't block new competitors. in the most damning part of the rule, which was great reading, the judge pointed out when facebook acquired instagram, both these deals got lengthy reviews by the ftc itself which gave them a blessing dhou they approve the transactions and turn around and cite them as examples of anti-competitive behavior? at the time lots of people lout

zuckerberg wildly over paid for these companies. any other big tech company could have come in and swooped in, bought them if they wanted to compete with facebook. facebook's stock jumped 14 points at news because the ftc couldn't show no harm. there is no remedy could the same be said about apple with the app store maybe they are not a bad actor alphabet with search or amazon with its own products. the gains for the consumer far outweigh the losses for these companies' competitors the major issue is they are underkiting their rivals, which great four if they start charging too much the competition will take often. when i read the ruling i speculated this could be the high-water mark in the government's attempt to crack down big tech. that's wrong the head of the ftc is way to aggressive to give up now.

regulatory action is a bad reason to sell the faang stocks. these stories are about sales and earnings, not antitrust enforcement. on that basis, they are all buys there is always a bull market somewhere and i promise i will find it here on "mad money." i'm jim cramer see yo another victim's body found in the rubble in florida as the search for survivors continues i'm shepard smith. this is the news on cnbc frustration builds as questions mount. >> buildings just don't fall down in america. something was very, very wrong >> tonight, meet the world renowned engineer hired to conduct an autopsy on the tower, the man on whom officials are relying for answers. a record heat wave melting roads and even power cables. >> we set up some shade to help cool off our neighborhood and keep everybodyaf