>> tom lee would agree dan? >> yeah, i don't like karen's banks but i do like a neo bank, so he phi, i liked it higher, i added to it. >> and guy >> met life, brian >> all right thank you all. "mad money" starts right now my mission is simple, to 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. i'm just trying to make you some money. my job is not just to entertain but to educate and teach you so call me at 1-800-743-cnbc or tweet me @jimcramer. people so often miss the

forest through the trees, especially on days like today where the dow inched 44 points nasdaq declined 0.22%. the trees that get in the way are the individual bank stocks just reported that we heard about all day. the ones graded on arcane line items like net interest margin, net chargeoffs then the jp morgan versus goldman sachs yesterday. wells fargo today. it's a parlor game played by big institutions that means little to regular people like you, unless you are trying to run up your portfolio with bank stock poised to run. we can play that, too. wells fargo was a star because it was the worst and now it's getting better a lot of room for improvement there. maybe goldman sachs. but what really matters aren't the individual stocks at all or their earnings they're the trees. it is the forest itself. what the banks can tell us about

the rest of the economy right now. they have such a great handle on it they are nationwide and no more -- they know more than everyone my takeaway, the market is incredibly rich right now. the pandemic transformed us from chronic overspenders taking down credit card debt well beyond our means into a nation of marginal saver with the best consumer balance sheets in money. that's what happens when you get money from the government from nothing to spend it on except amazon prime spending can ramp up to a positive level, especially with millions of parents getting their child tax credits just this week. i mean, that's the forest, too now, some of the banks talk about how consumers are in such good shape that they're poised to move some money but i do believe the forest

includes home buying however, that's now tied up with mortgage rates but when you bet on housing, you will end up dreading every slight uptake in rates i think we can do better than that. >> house of pain. >> house of pleasure. >> which is why i want to focus what americans spend their money on when their cofurs are the full and, again, they have never been this full. let's start with things people do when they got a lot of money. you know what they do? first they travel. that's especially true of younger people there was an 8% increase in travel versus last year when no one is going anywhere? >> no, versus 2019, not 2020 when the pandemic tore us apart. american and delta will soon be profitable interfashional flights haven't come back yet, so they have a ton of room to improve i can't believe i'm recommending

air airlines, but i like american air. i think there is plenty of runway delta surged to $52. it's now at $40. american sunk from $26 to $20. they're both too good to ignore. mu my favorite way to play a plush and feisty consumer is american express don't leave home without it. travel, airline tickets and most important one dining out do not worry about business travel you got dining out travel. you got time to wait for a gift because american express doesn't report until friday of next book what happens when you go out you probably want to look good posh market. we had them on the show last week the company has great financial and a compelling story there is even a green component

because buying this stuff used to be -- it's much better for the environment. no landfill their. posh mark came down a great deal from $104 to $38 what else? well, when the consumer driven sheet, some things can take off. when the average american was in dire strait, boat sales were much bigger. power boat sales still aren't what they were 20 years ago when we were in the middle of a .com recession. that's why i love this although the boats cost a lot of money, it is easy for americans to get credit right now. interest rates would rise. that didn't happen the stock tumbles from $117 to $97. i think time i think brunswick should be bought

that's the sign people think the earnings will collapse i don't think so people with good balance sheets want to splurge. i don't buy it, especially after watching "black widow" at home this weekend you know what? this was a good movie. people getting big screen tvs are not early adopters they need the geek squad reverse sheet? try cramer fav costco. new york ties, but isn't it always there is an amazing thing about costco pricing. they're not trying to make a fortune off you. when they sell you a bottle of wine, they're trying to make it up in volume they want satisfied members who pay their annual fees and buy in bulk it fits right in when younger people are flush, they buy furniture when older people are flush, it

is furniture go to one of their galleries and not buy anything i used to think if i could keep my wife away from rh galleries, we could afford it turns out they have a website and they deliver and they even assemble. >> caller:'s put a real dent in the family balance sheet finally, when you got money, you want to see what happenle's got for you, right why not go to t-mobile which is a stock i like or even a reseller or just go to the apple store. maybe we have been hearing the store is not doing well. that's not true. that's like hearing that apple component sales aren't doing too well there is always someone. there are always people trying to get you to trade it to trade it. when the stock was at $116 in march, there were all sorts of stories about they were cutting orders to suppliers. some people came on tv saying there were no catalyst apple stock closed at $149

when apple does well, what else does well? how about qualcomm when you buy an iphone, you also sign up for subscription services they may grant my wish and break out the lifetime value hey, they did it to service members. when it comes to blackberry season, don't get up on the individual trees instead, focus on the state of the consumer americans are in fabulous financial shape right now, which means we will spend a lot of money when we climb out of our covid foxholes so prepare your portfolio accordingly. we need to take some questions why don't we -- let's start with mark in florida. mark >> caller: hi, jim i hope you're well. >> oh, thank you, mark that's the best i've done so far. what's going on? >> caller: when i saw your conversation with the ceo of roblox, it sounded like a great situation, so i bought them.

then it was sued for using music without permission and came to an agreement with bmg. the active users are up year over year, but roblox continue to drop and now benchmark issued a recommendation -- >> that's because the numbers for last month weren't that good i was quite frankly disappointed i think roblox is a great story. that's why it went down, not that lawsuit they do issue numbers and the numbers were not up to what we wanted how about doug in utah >> caller: hi, jim >> what's up >> caller: i'm retired and i'm interested in magellan it was very good to me 10, 12 years ago. >> fmp is run very, very well. it is an oil -- look, here's what you need to know about it it is a limited partnership. changed at 11 times earnings i think the yield is a good one. but these stocks are still hated even after all

wilderness i want to urge caution because my travel trust which i often talk about doing good lost a lot of money in mmp. how about brad in maine? brad >> caller: hi, jim this is brad from maine. i own snow flake and would like to add more. buy more now or -- >> i like that no, no, yes. the answer is i have been waiting for someone to ask about snow flake because it is very, very, very good and i think it's going to go higher on the mmp, i want to be care. it is refined product. it is gasoline i want to tell you buy it because of the interest in yield. the mlps is out of favor i don't want you to get hung up about the trees and miss the forest the forest is telling us that america is a country full of people in great financial shape. and that means we're ready to spend and here's your list write it down.

tonight you call and you stump me on a -- no, i'm not telling you because i want you to watch the whole show but i got a $5 turning in my homework on this home automation company to see if it could make a smart home investment. then match.com stock is taking a breather on the wall street dating game. could now be the perfect time to swipe right? which must have some reference to do with -- i don't know what do i do yeah i got a screen of bank of america. is that what happens i'm taking a closer look and last night off the charts singled all would be running out of steam i'm going straight to the source and talking to one of the smartest guys in the group so stay with -- u.s. stocks waiver? am i doing something wrong stay with cramer don't miss a second of "mad money. follow on twitter. and the question, tweet him or

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...plus up to 400 dollars off her wireless bill! wow! cheer on team usa with xfinity internet. and ask how to save up to $400 a year on your wireless bill when you add xfinity mobile. get started today. ♪ we'll begin in the heart of earning season we need to catch up on our homework this is the most interactive show on television by the way, also on twitter where i famously like to help the mean people get it right, jimmy chill loves to help the memesters. i promise to come back to you when i can't answer with a considerate response tonight i've got another one for you. i don't like to just cuff it three weeks ago richard in missouri asked about a company called arlo technologies i didn't know arlo technologies

from arlo gooutry. this is a tiny company with a $5 and change stock i wasn't familiar. you know what? you can do a lot worse arlo is real interesting it's got some things going for it it makes connected consumer products, else p herbally home security hardware. think cameras, video, doorbells, video flood lights they also have solar panels. they pair this hardware with an app that lets its customer live stream footage it sends you notifications when they're geared for motion or sound. you can use the app to remotely disarm the security system or contact emergency services. when i read about this, i said to myself, hey, i got to get this i love the lights coming on and the video doorbell look, i know that apple has stuff and, you know, you can get it from google but this is really dynamite. all right. there is nothing revelatory.

it is a solid set of products. more important, arlo has been making a push in new services. they have a paid subscription service that adds ai to their cameras. the tech things that shouldn't be there last year they launched software as a service secure offering for business clients seems pretty good. but it trades at $5 and change, which means what something must be wrong with it. stocks don't go to single digits unless there is a problem or they're british. so what is arlo's problem? this is a company spun off by get near in august of 2019 the ipo priced at $16 and the stock jumped to the low $20s out of the gate. then things went out of the gate in a hurry they had all sorts of discouraging things to say about how arlo is facing stiff competition for some of the largest technologies amazon's ring, google's nest,

less than ideal. by the summer of 2018, we had hardware net downs fitbit heavily shorted, gopro, heavily shorted. net gear still owned 80% of arlo i am always warning you about where one investor owns too much stock. n netgeared dumped its stock where many chose to fell immediately they didn't know what they got arlo what's arlo? and that sent the stock into a tail spin. it was a poorly timed executed dump the sellers made the right call because it issued an outlook that sent the stock to the low single digits. from there, it has mostly been forgotten about. bouncing between $2.50 and $5 for the next year and a half as

the company toiled away in the ultra competitive hardware market it still stinks when you are a tiny player competing against google and amazon. that's why last year it pivoted towards services but, really, historically it did a bad job of turning hardware into subscribers they used to give customers a 30-day free trial. but they only had a 5% conversion rate. so arlo decided to get smarter or some would say ruthless now you can get a 90 day free trial. but after that trial ends, your devices lose a bunch of functionality unless you become a paid subscriber. now they have a 50% conversion rate in the most recent quarter, the total number of paid accounts by 150% year over year, and that is really good. it keeps accelerating. what is this doing at $5 >> arlo began to report better than expected numbers.

coming out higher than anticipated and the earnings losses are shrinking as ceo matthew who i want this show says clearly arlo is not is tame company it was a year ago we became services focussed to create a more predictable, profitable business it is our results are further proof of our progress he's absolutely right. when arlo first made that pivot, they introduced key indicator, paid accounts, paid accounts growth, both of which look great. at the same time, they're delivering better than ever earnings but this has no promotion whatsoever on wall street. stock bottomed at $1.20 last year we're talking about a rally of 800% here. since then it's called back to under $6 all right. it is in decline but i got to tell you. we searched and we searched and we searched and we can't find

any reason why it went from there to there there is no meaningful explanation for this pullback. on the other hand, i can't find a decent explanation why the stock spiked up to 1 february except maybe a short seller squeeze after that, i think the pullback this spring was about the pull back which arlo decidedly not. still, it is darn enticing arlo has been making good progress pivoting to services, but it gets 72% of its profit from hardware. we can not count on it while the margins have improved dramatically, it is still a money loser. i am confident it can reach profitability soon but i sure wish it was making money now with the stock under $6, you have got my blessing to buy arlo for speculation. company is reinventing itself.

get these statistics it is $177 million of cash and equivalents on the balance sheet. it has no debt given that arlo is expected to generate $340 million in sales this year, really less than one time sales when you back out the cash plus with that tiny market cap it could be a juicy takeover target for somebody trying to con sol late the bottom line, richard in missouri, you have shown me and you have got horse sense it was a bad company that's transforming itself into a good one. while it is not there yet, you got to buy it ahead because it is absolutely going in the right direction. and wall street loves the self-improvement stories at less than one time sales, i think it's very compelling, but it is speculative. do not put your retirement money in something this small. but it may be perfect for some "mad money." >> the heart wants what it

wants. but all cramer wants is to make you money. is romance back open for business markets are for lovers next. only 6% of us retail businesses have a black owner. that needs to change. so, i did something. i created a black business accelerator at amazon. and now we have a program that's dedicated to making tomorrow a better day for black businesses.

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i'm often asked: if you had to buy a stock for the opening of america, what would you buy and i got to tell you with roughly half the country vaccinated, close to 70% in some states, the world is going back to normal as people who have been immunized seem undeterred by the delta variant by the way, if you are not vac s sin nated, you are going to get covid. but a back to normal setting as a specific meaning for the biggest victims of the covid restrictions people who had the misfortune of being single when the virus locked everything down it means, well, now they can

date again yep, i lived through the original summer of love. and i'm betting 2021 gives it a run for its money. which brings me back to one of my favorite companies, a company called match it is the online dating kingpin behind tinder and match.com, hinge. i know someone who met a boyfriend on hinge and just praises it what is hinge? i'm thinking i'm at home depot. plenty of fish they have a christian dating site, a black dating site, an over 50 dating site. i'm married. she doesn't even know i have a show it's fine. don't worry about it i'm fine now that earnings season has gotten rolling, some of that is because this is a fabulous company, one that we have liked for ages all the way back to when it was a subsidiary of iac

interactive corporation. but it should be a terrific environment for online dating. and, match, guys, it is the best way. last year this stock got cut in half when countries all over the world started cutting down only 47% of the spread comes from the u.s but i have learned otherwise the company quickly got its glue back coming up with new ways to keep its business going during covid like virtual dates by this february, the stock tripled. but then went out of style in the wall street fashion show and match spent a few months trading sideways in mid-june, though, the stock got a new lease on life. and i'm betting it's now got a lot of room to run i really, really like this one why am i so confident? i think the last year and a half has demonstrated that match is an incredibly well run company last spring we were terrified their business would collapse

due to covid makes sense, right how is anyone supposed to date in the first quarter of 2020, match proved the doubters wrong. people were meeting up i'm sorry, when people weren't meeting up, users were spending a lot more time talking to each other on the online dating platforms, including a major surge in online videos for dates. they retooled all of their brands for the pandemic. when covid got particularly bad in one region, match would focus its advertising somewhere else in the end, the company had an astounding 12% subscriber growth in 2020. that's pretty impressive this short photo would be a huge decline. meanwhile, there was another major development for these guys last year. they formally separated and that's an incubator that does a good job they created match and spun it off as a subsidiary. last year they sold their entire position making match fully

independent. match has left the nest. now let's talk about the post pandemic environment when the company last reported in early may they delivered a stellar set of numbers 23% revenue growth year over year, 12% subscriber growth. average revenue peruser 9% tinder had 15% average subscriber growth. the non-tinder only had 8% subscriber growth. they're becoming more lucrative with the average user of 18% put it all together, it grew at an astouding 38% operating income this is the number you should be focussed on because this is what makes me feel that the number that they're going to report is going to be better than expected of course, some had to do with year to year comparisons match helps surprisingly well during the pandemic. their biggest problem is that users wanted them to pay for premium services however, with society reopening,

those numbers are soaring. match's earnings are growing faster than its sales, especially in places like north america with high vaccination rates. they talk about 22% to 24% revenue. this is a big company. management saying they believe they will hit the high end of sales and earnings forecast. i think those numbers can prove to be too low because the summer of 2021 is the summer of love. at loes in the u.s online dating survey showed a massive uptick in people using these services in the second quarter. we're talking about a 50% increase for tinder alone. we have seen similarly bullish checks from analysts to morgan stanley, too put it altogether and all signs point to a very strong quarter for match, which is exactly what you would expect of course it is not just a great reopening. i liked match before the pandemic i will continue to like it after the summer of love comes to an end. the ceo took over about a year

and a half ago and has done a fantastic job. she and her deep are adept at taking lessons learned from one business and then applying them to the rest of the company and that's huge right now because match is seeing a staggered comeback with high vaccination rates are putting up incredible numbers while the rest of the world takes longer to recover as you can imagine. that means the company can take what it's learning in the u.s. right now and then apply to everywhere else once these companies catch up to us in terms of immunity. what else? earlier this year, match spent $1.7 billion to buy a south korean video and audio tech company. i think investors are underestimating this particular deal as morgan stanley points out, match is getting some incredible technology here that will immediately improve their video chat it gives them a whole new way to

monetize their platforms it has a video chat app and social live streaming app that enables group video and audio broadcasts these are social discover apps that's a bigger business than online dating. hyper connect's main chat out has been downloaded more than a million times since rolled out in 2017. 70% of the users are under 30. meaning they're also getting a major foothold with generation z. you should think of it as a feeder brand for match's online dating offerings here's the bottom line even before the pandemic, online dating was a powerful secular growth trend millions of americans liked it before i like early august while match is far from cheap, it will look a lot less expensive in retro spect if i'm right and they blow away the numbers

hugo in florida. >> caller: cramer, thanks for taking the time. >> quite welcome. >> caller: i was wondering your thoughts on ccl and the historical oil price chart you had on last night. petroleum being the fuel for cruise ships. >> fuels matter. but what really matters to me is the lawsuit that norwegian cruise filed to make it so you can either sail safe or sail not safe with the delta variant, buy norwegian cruise they have figured this darn thing out. i am loving match going into earnings you might call it a match made in heaven. ha, ha, ha how can record heat and worldwide demand impact the oil market and where are the oil companies positioned then i'll tell you why the hypocrisy needs to be put aside when criticizing the fed of course, audio calls rapid fire in tonight's edition of the

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after yesterday's red hot cpi reading, everybody is more focussed on inflation. over the last couple of months, every commodity started coming back down in price with a couple major exceptions the stubborn oil and gas prices. last night we went off the charts who said oil is a dead man walking. she's off to a good start. but at the end, i'm not a chart guy. i'm a fundamentalist you need to speak to the best energy analyst in business that's why we're checking in with an old friend of the show he's the founder and principal

energy market consultant because he knows everything there is about the oil patch. i start every day reading his poll usually at 6:00 a.m rusty, welcome back to "mad money." >> jim, great to be with you again. >> rusty, you had a fabulous piece to start my morning, which is basically that the balance sheets of the oil companies are good my interpretation, which i shot to you immediately means if they're good maybe they're going to start drilling again. and you know that tips supply. >> that's exactly right. so what's happened, of course, is that prices are up and therefore these guys are generating a lot of cash flow. that cash flow is going back in to repay debt, which means that borrowing base is improving. they can raise money and what we saw today, by the way, was out of the department of energy. crude oil production is now up

600,000 barrels a day just over the past six weeks so it's not a lot of noise out there, but it looks like it will be starting to happen at some level. >> you often tell me there are a lot of wells that have been drilled but they're just not being -- pumping right now if they wanted to, they could turn it on pretty hard. >> and some of it has already happen that's called ducks, drilled but uncompleted wells. six or eight months ago, there were a lot of ducks there. many of those ducts had been actually completed over the past few months so what you have seen is that's one of the reasons why production is starting to creep back a bit so, again, it is happening the way it ought to. the economics are there. if you look at the discounted cash flow rate of return that a producer can make today, it is somewhere between 50 and 70% dcfroi these guys can make serious

money at these kind of prices. >> we know and you have been adamant that the curve has not really changed if i were an oil company, wouldn't i want to just be the seller of those futures that the -- the commodity -- the report shows are being bought by big speclators. >> one of the reasons why production is not up more than it is is because some producers sold short or sold a few months back and, therefore, they're not getting the benefit of the $70 some odd dollar crude oil prices we're seeing today if i was a producer looking at the prices that we had today and looking at the shape of the forward curve, i would be selling forward over the next couple of years just because there is a lot of production that could come back to own in the market both here and of course in the middle east. >> middle east

the opec plus resolution, is that a can nard? they kind of want it around here, so there is no deal? >> no. it looks like they reached a deal today so from everything that we can see, it looks like the uae and the saudis have made a deal to basically split the difference and that they have -- that they're going to have to submit to the entire membership, of course what that will mean is that production out of opec plus will be increasing by 4,000 barrels a day each month for the next few months from what we can tell as long as the -- as long as we're not seeing a resurgence of covid from the delta variant, than most likely the market will be able to absorb it. >> wow okay that means it seemed to be at equil equilibrium. >> i think so. that's exactly the way we see it we're probably in an e quill lib bro yum right now and we will probably rock along somewhere in

the 60s to low 80s for a while so we're -- i think we're at a new normal you and i have been talking about this for a long time, and i have always said that whenever prices get up at this level, then production will come back so strong. it will drive prices back down into the 40s or 50s. that doesn't look like that's going to happen again. >> wow okay natural gas up naturally but you have been writing some -- we did talk about this we did say that one day maybe we'll be exporting so much that we won't be able to catch up. >> right and we are exporting a lot we are up to about 10 bcf a day as of right now. last year, if you recall, natural gas exports were way off. we're only about three or four a day this time last year because there was so little demand in the rest of the world for u.s. gas. lots of cargoes were being canceled at the time it is totally in the opposite this year. there is more than -- more than enough demand for u.s. natural

gas l and g exports therefore, we're exporting as much as we can therefore, prices are more than double what they were a year ago today. but the market has -- has got a real capability to balance itself out so because prices are higher, what's really gone on is that -- that with the power generators have shifted off to a cheaper fuel than natural gas. you want to know what this is? >> oh, not coal. >> yeah. that's what's going on we have actually seen a shift from power generation off to using more coal. and that means some of the increase in demand for natural gas has come off so, again, it kind of looks like we're back into delivery. >> holy cow. from my point of iew, you and always work well together. i'm thinking to myself cfx,

norfolk southern, that's how we will make some fun right now it is always great to have you on the show. people should be doing what i do you start the day with rbn rbnenergy.com. the e-mails with you at the moment good to see you. >> thank you, jim. appreciate you having me. >> you see all this scuttlebutt and skinny you got in that e quill librium to gas "mad money" is back after the break. stick around. >> may i make a suggest? i would stay with cramer. >> the lightening round is coming up next

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it is time it's happening late! and then the lightening round is over are you ready? the sales. i'm in new york. >> caller: jim, a pleasure to speak with you i really love investing in green energy products. and i put some money into a product a couple of months ago then i got a note from some legal firms talking about securities action. but this company is involved with bio deiesel. >> i wish i could say they are a ways to make a lot of money. i think that company is good i can't believe it's flat lining i say buy. >> caller: hi, jim boo-yay! thank you for all your advice. i had a question

you had at&t some time back on "mad money." >> that's grab that's grab. and it's funny because i think it's grab. so many of these that's what i remember it as i got to tell you something. both ben and i were talking today about how great it could be i think that was actually a good one. lauren in new york lauren >> caller: hey, cramer thanks for taking my call. >> of course. >> caller: i'm a long-term investor i'm a big fan of financial i'm looking to diversify within the sector looking for your thoughts on htgc. >> i'm going to look into that for you because it has a 7% yield. those have often been difficult. we will have to come back and analyze the balance sheet of them before i make a decision. and you go to sam in colorado. sam? >> caller: hi, jim calling you from beautiful colorado. >> hey, we had a home run in the derby. something went right for the phillies. >> caller: yeah. >> it was really great.

>> caller: yeah. i'd like to give a shout-out to my hometown lower marion, especially all the responsible tesla drivers. emerging buy now pay later point of sale payment solution merchants. i'm talking about affirm holdings >> i was stunned yesterday when apple said it might do buy now pay ater then suddenly a firm went down that firm is a good buy. it's starting to bug me. i think max is a smart fella i followed him from the beginning. i am a buyer at the $56. mike in north carolina mike >> caller: jim, thanks for taking my call really appreciate it look, you can't trim gold. >> look, okay, so things happen. boy, that's profound look, it's mark bristo

it's hostage to gold i like it. i think you should own it. i said a lot of stocks i like today. that's the conclusion of the lightening round. >> sponsored by td ameritrade. coming up, is buy and scold a strategy more copper than gold cramer climbs a new one next take control of your financial future with the new madmoney .cnbc.com even your own sound board. plus, special access to "mad money" 101 >> the red flag that makes me drop a stock immediately is -- >> it's everything you need right when you need it. >> the new madmono.cnbc.com. ♪

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all right. forget buy it whole. this market is all about buy and scold. that's the only way to describe the hypocrisy of these money managers these guys want to scare about the dangers of inflation they won't stop whining and whistling past the graveyard, but that doesn't stop them from betting on the market.

they act like it's the normal way of doing things. how many times have you heard a fund manager pour gasoline over an economy and say they're playing the great reopening. it would be one thing if they showed self-awareness and said i think the fed is going to do something wrong but powell is not listening. so if you want beat him, you have to join him but i see zero self-awareness. if you are frothy at the mouth about buying hyper inflation then without a hint of irony, none about buying cyclical stocks that can't work without the fed on your side like jp morgan or caterpillar, it drives me nuts. every time they criticize powell they're implying the fed will have to play catch up and slam the brakes so hard the whole economy goes out the window. or they're talking about a hard landing where no one survives. under that scenario, you should

be shorting the banks, the industrials, the retailers, the energy stocks on every move up i really wouldn't want to own any -- if you were in their camp, you wouldn't want to own anything right now other than bonds. even down here i wouldn't even touch big tech fang stocks even if inflation gets as out of control as people say it is going to do. but you never hear these guys recommend that they prefer to buy and scold jay powell back in may the inflation was warning that powell let the economy run so hot that you need to sell low lowes and home depot. yet, they were carrying around caterpillar like lovy blankets in the meantime, the entire commodity complex has collapsed, aside from gas

artificially boosted by supply constraints. yet, you never hear these inflation mongers come out and admit that powell got commodities right, even if they still think he's wrong on wage inflation. as part of my third job, i try to speak to as many food service as possible. for the first time in the last ten days i'm hearing that workers want to take jobs, lock in jobs, lock in these prices for fear they will lose their bargaining power once the employment benefits go away in the fall of course we're hearing stories. but it's barely worth it to get a job if you can sit at home and day trade and of course trying to prop up game stock surviving off generous job benefits. i expect the roughly 40% increase in the fully featured chips that we can't get enough of at this moment. and you heard earlier in the show that natural gas compete

right here put it altogether and all these managers are making dire predictions about inflation. i think you have to eat some crow probably with french's mustard. in practice of no one will ever hold them accountable other than right here because they're busy buying and scolding, which means they won't miss out on the rally that they all say shouldn't be occurring. to be sure, when powell goes to congress and talks about hiring people at decent wages as he did today, the inflation is listed in scorn the last thing they want is decent wages for decent people because decent wages mean less profit for them. make no mistake, that's why they are so desperate for the fed to slam the brakes on the economy they want lots of cheap la boar at their mercy so they could have bigger profit isn't it time somebody else made money besides the rich i say the hypocrisy must end if you really hate the feds easy money policies, you should own up to why you are buying so many

stocks that need these policies in order to go higher. othe otherwise, i just assume they're trying to knock down stocks in order to get a better entry point for themselves i like to say there is always a bull market somewhere. i'm jim kraker see you tomorrow the news with shepard smith starts now families of all stripes that got drowned out by covid i'm shepard smith. this is the news on cnbc america's drug crisis. overdoses soaringdeaths hitting the highest number ever recorded. >> it's horrific and something needs to be done the system is broken. >> cnbc in-depth what's fueling the nationwide spike. the delta variant itself is more contagious. >> a dire warning. the worst of covid delta is yet to come. the ne