down i'm quadrupling down on this name psfe, pay safe, i think you'll see a turn in this name. >> thank you for watching "fast money. joining again tomorrow at 5:00 for "fast," don't go anywhere. "mad money" with jim cramer 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 i want to make you money it's not just my job it is not to entertain you, coach you. call me at 1-800-743-cnbc or tweet me @jimcramer every day i hear how expensive

this market has gone wherever i go, i'm constantly bombarded by people who believe stocks are doomed to collapse under their own weight yet somehow not a day goes by where i can't find some bargains stocks that are too cheap they deserve to be higher, much higher judging by these advances, i may be not alone s&p climbs up to a record. on the service, i total get the valuations i get them we just have one of the biggest flop ipos at the end of last week, robinhood. a deal for a borderline probable company that brook its prem price almost immediately next up, it almost doubles from its throes meme meaning it is love beyond all reason and i mean beyond all reason then we come in today.

robinhood had sell >> sell, sell, sell. >> less than a week but 30 points higher since they became public of course it is 26 points today. that is a true sign of overvaluation. at least according to the institutions, not individuals who control all big companies. that's what the institutions do. they control all except the two kings of mean. game stock and amc i was going to yell boo but i don't like to hurt the feelings of the memesters they get such a kick out of me on twitter given the love we have had in this market and the tkpweud kwrous buyers, it makes sense that stocks are overextended you know what, do you mind if we go deeper, move beyond robin immediate or the other meme stocks they don't tell you what is going on with this market. they are what people talk about. they are i walk up and down, that's all i want to talk about

but it's not all that matters. what does? all right. why don't i start with a familiar name. you have probably been there like 200 other million americans who last week, let's start with walmart. it is still the largest retailer on earth by sales. this dow component was down for the year even though it sells for 24 times earnings it gets the same srulgdz as the stock of the s&p 500 i thought today's upgrade from wells fargo, just a piece of paper hits my desk upgrade, hold, buy i thought it made a ton of stepbs low-end consumers are flush with cash thanks to the child tax credit well mart has better earnings visibility than most of its peers and they can offer better services, including new features from walmart plus its attempt to compete with amazon prime. walmart, make it so all drugs are the lowest price and you will get me to sign up

let me give you the real clincher the analyst points out, these were the magic words a duck comes down and tells you the answer in groucho marx the analyst points out walmart is under performance since covid got rolling. so far it trailed s&p 500 by 18 percentage points. to the likes of big winners like target, kroger that underperformance is even more flaring in short, wells said you should buy walmart because it's relatively cheap with this push, just that and nothing more common sense the stock rallied more than $2.65 today. almost 2%. more important, it broke out of a tight range. we own walmart for the charitable trust my first instinct when i saw it go up today was, back over even.

let me out of this thing but you know what that did, that violated an old truism that i came up with probably 30 years ago. it's called the stuck in the mud truism that means lots of investors have viewed walmart as stuck in the mud. now they will buy it hand over fist they say hold on, i want in. that's precisely what i think happened here. the walmart money strange is leaving the station. >> all aboard. >> plenty of other big name stocks left behind take uber. hon left i, take uber. this is down 15% for the year. this morning the ceo told us on "squawk box", not on squawk in the street just in case you're wondering. on "squawk box", business is better than expected for ridesharing and delivery those are the twins. the only problem, there aren't enough drivers he gave us evidence, strong evidence that the driver

shortage will go away once the benefits expire. the cities where it has gone down, they don't have a shortage of drivers it is undervalued versus where it's been traded and its peers let's talk about stocks, the chemical stocks. now, these trade like we're headed for a truly nasty recession. diverse maker of all sorts of plastics, really boring. boring is okay it's a chemical company, right this thing sells for five times earnings and a 4.7% yield. that's insane. considering its cash flow, it is hard to come up with any justification why lyondell should be this case. forget it, jim, it is peak earnings it must be like forget it jake how about the plastics company

we have praised in the past. it trades five times earnings. i know forget it, jake. barring a worldwide calamity, it may be an apocalypse, some are absurdly low cleveland cliffs sell four and five times earnings. cleveland cliffs is a cobbled together company with a not so good balance sheet peak, it won't go up but i don't think we're at peak. you might shy away from owning something like robinhood but the steels, even if the delta variant crushes the global economy and cuts earnings in half, the stocks would still be ridiculously cheap it's the same deal with the home builders lennar these stocks are all pricing in

a future with much higher mortgage rates and no questions. yet they don't reflect the relentless demand by covid and population growth. if fed chief jay powell lets the economy percolate rather than raising interest rates, these stocks can roar. we are building 1.6 million new homes in this country right now. we have a demand for 2 million 2 million. finally, the automakers. these are hard some say chip shortage grandmother and ford traded eight times earnings that may be widely overvalued if we go into a recession i don't think we are going into a recession. it seems nuts to think the fed will create one as we get another huge covid outbreak. forget it, jim no, i won't forget it. when it comes to the autos, pretty much every car on the lot sells, and sells at full price there is no discounting out

there. no put it this way. seven years ago, seven years ago ford traded at $18 okay i know i was in dearborn when they were making the trucks. $18. no do you think this company should be worth less now that it has a full line of electric vehicles on the way i think of sold out as everything they make seems to be sold out jim farley is really changing that company bottom line, i know this seems contrarian in a world where how long can this craziness last my most frequently asked question, can i get some jim's better pickles forget the craziness focus on the stocks that sell for peanuts. they may be more plentiful than

jim's none better dills. >> caller: hi, jim thank you for taking my call >> of course >> caller: with the recent surge of the delta variant, most if not all the great reopening stocks have taken a hit. i feel like there will be another when it starts to breed. is it too late for southwest >> exactly kelly is doing a great job the stock sold off you know what, we're not trav traveling anymore. everyone is constantly talking about how expensive this market is and i get the surface-level concerns, robinhood. there are tons of individual stocks out there i'm talking about walmart, uber, so many others it is not forget it jacobs chinatown. sit forget it, jim the market put a because after earnings could this quarter be game over or investors getting a nice

buying opportunity let's talk to the ceo. i have top brass and with many warning shortages are continuing net share, the one that is most important for us, let's go to one semi ceo and of course stay with cramer >> reporter: don't miss a second of "mad money" follow at jim cramer on cramer tweet cramer #madtweets send jim an email to madmoney@cnbc.com. or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com.

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it's not all fun and games to be in the business of what have you down for me lately. with a history of delayed

gratification, can take two ensure investors one more time that the games have just begun >> some stocks have a history of breaking down after earnings and then make a comeback surviving this breakdown is tough, even when you know the pattern. look at take-two, my favorite video stock forever. it is not unusual to see it get poll lacked. disappointing forecast in the quarter. couple of major releases got delayed. also they left the four-year outlook unchanged even though the numbers were considere conservative when they were issued in may. of course the stock got crushed. of course. 173 at monday's close to below 157 today. however, this is level where the stock has been able to bottom before maybe it could make another comeback let's check in with the chairman

and ceo for what he sees going forward. mr. zell nick, welcome back to "mad money". >> thanks for having me, jim >> before we talk about the things that irritated people, can we please talk about the things that were actually quite unimaginably good, including the actual beat in the first quarter of '22 >> right we had 7-eleven million in net bookings we are still reiterating our guidance for $3.2 billion to $3.3 billion in net bookings a year it will make it our second best year ever. given the comps, that we expected we would have very high demand in the pandemic, more moderated demand post pandemic, what a great place >> now, i want to just touch on the conservatism versus not. other game companies said the same thing when you have shelter in place, you will have more gaming. but on page 10 of the refilled active version, your cfo says we

expect -- you expect it to be up versus last year but still expect to be up. i'm trying to figure out those are big games. and you're saying these are going to be up versus shelter in place. so why should you be so conservative >> actually, we expect them to be up prepandemic. so fiscal 20 and there's no doubt that we will be. we will be down, moderate on both titles very us last year. but that was our expectation i think you and i discussed it at least talked when we talked about the fact that prepandemic dedemand would be much lower and post pandemic demand would be higher than before. we have accelerated our business and the industry has acce accelerated. it won't be as high as when people were fully sheltering at home >> we expect it to be up versus last year. last year prepandemic. >> it's actually the year

before >> that was not clear in the transcript look, i don't want to get lost in semantics what i'm basically saying is basically you said you were going to do x and you're doing better than x and the stock acted as if you are doing worse than x this is puzzling behavior. someone said what is one of your favorite stocks at dinner last night. and i said i like take-two two of their immersive title were grade it could be like pga 2 k nba2k. which is it? strauss, i couldn't tell which immersive is hurting again, i'm working backwards >> it is a little more complicated. they are coming wfpbithin the fiscal year. there is offset. as you know, jim, it is always painful to delay a title however, it's the right thing to do when you believe the quality will be that much higher that's what we play for, we play for quality. we try to be the most creative,

most efficient company in the space. often we succeed at that occasionally we fall short i believe by delaying these titles a matter of month gives us our best shot at delivering success >> i would say rational investors would say why sell it now and think you can buy it back in time when you get the money. that seems to be a silly hedge fund game. >> well, that's been our history, as you know as you said earlier in the introduction as you know, i never promote the stock. the market sees it as it is. sometimes we deliver sometimes we fall short. we're not falling short. we're on guidance and had a good quarter >> working backward trying to figure out what's going on information weekly, a chinese publication called it spiritual opium. and that worries the prc

>> uh. it's complicated to comment on matters related to politics in any circumstance our games are approved we have a great partner in 10 cents. we work closely with the government as we're required to. our games continue to perform. we will be in marketing and be online >> i want to talk about our acqui acquisitions i think the acquisitions including one, you can own your own soccer club. in this own country i see nbc has the olympics but i saw something i never thought i would see before, strauss. a european series of games that captivated america isn't this an acquisition that could be surprisingly more positive than you left it in your release, which made it sound like, eh, another thing we bought >> we really never overpromote

if we can avoid it we are really excited about top 11 and having it in the family 240 million registered users soccer is a beloved game and top 11 is the leading mobile sports soccer management game. so we're very well positioned and i'm convinced we're going to do great with that acquisition and there's more to come from that company as well >> you have to understand it is like rifling through every single thing to find out -- i have consumer spending decline 25%. wait a second. you thought it would be down 30%. i'm struggling here, strauss when i read the release, and without looking at the market, i said, okay, they won't like the immersive being delayed. but it's two games stock will be down five. next week it will be up 10 it's not bouncing. i'm trying to figure out whether you and i together are too happy with take-two. >> well, we never rest on our laurels. i'm pretty satisfied person, frankly. and the problems we face are

high-class problems. however, we know we can do better that's what we aim to do every day. and i think our team never takes success for granted. we have had a great deal of success. we hope to have more the only way we will get it is to hold down, work harder and focus on our strategy which over time has paid off. >> and the people that you added, obviously you wouldn't be adding if you thought they would be subtracted. >> that's right. we added 700 creative folks in the last 12 months in internal hiring and acquisitions >> all right. i will say what i do very rarely i can't believe i could be this wrong on this stock. so i'm telling you it's right to buy. how about that, strauss zell nick take-two interactive chair and ceo. >> thanks for having me, jim. >> guys, like, i'm not this right. "mad money" is back after the break. coming up, et say unravelled can the company bounce back from an earnings report that sends investors running for the hills?

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holy cow, this is a brutal talk from last year's winners, isn't it some are up against difficult comparisons. take etsy, online marketplace for hand crafted goods that became a premier shopping destination during the lockdown, though it had always been for me it has taken toll on the numbers. the gross merchandise sales growth, the key indicator, slowed from 132% in the first quarter to 13% in the second quarter. revenue from 142 to 23%. that's the power of tough comparisons. at least everyone knew this was coming however, management gave slightly weaker than anticipated guidance for the quarter that's why the stock plunged from 202 to 175 at the opening

this morning as wall street processed the quarter, etsy rebounds are closed per active buyer increased 22% still bringing in millions of new customers. and a number of habitual business up year over year the etsy of brazil and dpop a popular resell that gen-xers love the ceo of etsy, welcome back to "mad money" >> great to be here, jim thanks for having me >> a lot of people down on the stock today. but i put together what we call the comps, comparables you have to look two years because you have the pandemic. you were up 159% now, that was two years. that's equal to shopify, better than way fair, better than amazon, better than real real, better than wicks, better than

thredup. much better than ebay. much, much, much so what am i missing you tell me. that's some work shows me you did much better than all of these but your stock got hit hard >> we think we had a great quarter. let's remember q4 2020 if you can go to offline retail, the stores are empty when you go to online retailers, they're out of stock, too. so etsy was one of the only place says people could turn to that could conveniently, cottage industry came to the res eye at the beginning of the pandemic. and of course gms exploded and revenue exploded the big question then is what's going to happen when people can move about their life freely again and how much will we lose? here we are one year later and thankfully offline retailers is

open again and e-commerce sites are shipping you have an explosion of choice. now people don't have to shop on etsy, but they are choosing to shop on etsy our nonmask gms in the second quarter was up 31% year over year in a quarter when you can go shop tphanywhere else, that is incredibly encouraging >> tkpwhr gms guide answer, that did freak a lot of people out. i'm looking at a morgan stanley piece. they have historically -- you know, they have not been that cool on you. i think they pointed out something we should be worried about. >> so, you know, look, let's remember that in q3 of 2020, etsy still sold a lot of masks more than $120 million of masks in q3 of 2020. that number is admin muss in 2 2021

if you look at the growth rate, we said mid-teens. that is the toughest comps, the fastest growth rates of any e-commerce site last year. we are still growing in the mid-teens. if you look at a two-year stack, in other words, what did we guide to if q3 of 2021 versus 2019, we will be one of the highest grossed e-commerce sites out there. >> i think you will actually be the highest. my own work says that. i live in brooklyn that is the closest i came to being owned by etsy. they are talking about how it is hard to see growth can reaccelerate without another macro tailwind i'm looking at elo 7, dpop i'm thinking any one of these could ignite starting with the core etsy marketplace, gms was up 22% in the second quarter over the same period last year at a time when

the whole world had reopened again. people are choosing to come back and spend even more on etsy even when they can spend anywhere else our share of wallet is tiny. if you look per active buyer versus ebay, for example, we have a fraction of the spend they do. there are so many great purchase occasions on etsy. you're absolutely right, we couldn't be more excited about dpop, the choice for gen-z in fashion. it is huge in the future of where a lot of spending is coming from. clothing is the most popular cat fore for them. we think it is a tremendous opportunity for growth and elo 7. brazil is the 12 or 13 economy in the world to have a leading brand in the market has tremendous opportunities as well. >> fred wilson put me in the

libre. i said what do i need this for it was the single best thing i got invested in. this was the old days. do people understand they've got vibrant markets down there that are actually a must to invest in >> i remember when i worked for ebay my first assignment was to go down and meet with the team ebay could never decide to buy merca mercado libre. it is now worth two ebays. penetration is still so low there is a lot of growth potential to come. >> now, let's talk about some of the things of course i love that people may not know about etsy the functionality is so much better i wanted to order canning labels there was a time i knew i would have to spend a lot of time, input this and input that. boom i don't want to say you're like

amazon because amazon is the death star but your speed to find something and your index is so much better than even two years ago. you spent a lot of money it's working >> we have been investing a lot in making the search engine much better x walk is allowing us to process 11 times more data in every seven. and that means understanding more of the relationships between items. so we can start to do things like, say, hey, jim, your taste is the following so these are the canning labels that will fit the style of your wife's italian restaurant. so we're getting so much better. and we're still in early innings on that. another thing we talked about this quarter is we have started to promote our mobile app on the site and we have seen an explosion in mobile app down loads as a result and people who download our mobile app are stickier. frequency is a lot higher. and you would say, gosh, how did you not do that three years ago? i agree. we were just a small team.

we were going against one priority after the next. but there's so much opportunity still for us to do a better job and build a better experience. >> and then i just want to say my daughter is in fashion. i talked to you about her. she did not know you owned dpop. she said why doesn't amazon buy that i said amazon would destroy dpop this is it it is the site gen-z. a little bit older, too. do people on wall street, maybe they have to have kids to know dpop >> if you have friends in gen-z, they will tell you dpop is the bomb they are loyal to dpop it is not at all like other e-commerce plays they wouldn't dream of going to those places i think for etitetsy, it might for etsy was venmo was for paypal the next generation. we're incredibly excite build that dpop could have gone public but

chose to partner with etsy i don't think they would have considered being bought by any other company. it was our values that made them feel we are very well aligned. >> well, excellent this has been a buying opportunity. this time i believe it will be no different josh silverman, etsy ceo, always great to have you on the show. back after the break >> announcer: coming up, can a swinger of semi conductor solutions chip away investor apprehensions. cramer is on the case with the ceo next >> announcer: how will july's job picture openings the numbers and instant reaction tomorrow 8:30 a.m. eastern watch "squawk box" any time on demand

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we finish a record close

but it has been a mixed week for a lot of the averages. it's been a great week for one semi conductor which makes it all sorts of big end markets autos. the company brought in top and bottom line people one of the best in the market. the stock jumped 12% on monday three months ago they told us a lot of double orders in the year there was some concern demand had been pulled forward. today on semi conductor they held an analysts people. it was a sell the ntnew situati. they talked about great end markets. automation, green energy, 5g, cloud power, electric fields, advance driver assistance systems. but do not take it from me hassan is the man of the moment.

the krepresident and ceo of on i conductor. welcome to "mad money" >> thank you for having e. >> can you tell us how it got to be automobile companies as big as grandmother and ford cannot make their production schedules because of semi conductors when i'm reading on semi is work around the clock to provide them >> we can't keep up. demand has been great. we are working diligently to get everything our customers need in their hand, in the cars in the case of the oems but also on anything that has electronics in it the demand is just -- has been a great environment for us and we're working to catch up. and you have seen it in the results, in our guide going up even next quarter on a supply strain environment >> i was out with the ceo of weber today. that's a grill company

suddenly he's got a grill that can turn off when your steak gets too cooked. i'm thinking there you go. you need onsemi. they need more onsemi. how are you ever able to meet demand >> look, first, we are focusing on the markets where we are able to bring value you have seen that in how we have been able to achieve the margin expansion growth. the gross margin expansion we have delivered. and we also guided so we are doing it by really selecting the markets and the products where we are bringing the value. that goes back to what i mentioned on the intent sensing. we are going to bring in capacity for those and we're going to wind down some of the capacity on the others in order to streamline our manufacturing. we're doubling down making sure our customers get the value and we're taking it from the commodity of the noncore businesses that haven't historically had >> that's how you get your margins up, pe up.

now i want to go back to the conference call. take me into the east fiscal fact right now tell me what's going on there. if i'm mary barra, i need chips. what do you tell her >> we need to sit down and talk about a long-term agreement. when we start to talk about the manufacturing level of what we need to do as a company, you have already talked about 18 to 24-month latency which is the issue we have today in the supply chain. capacity was not aligned to support the demand what i would say, and i'm saying this to all the oems, sit back and think where demand will be for you specifically and i will map it to where we are able to do it and sustain it and grow it on our footprint we have a lot of manufacturing and we're able to support. we just need that visibility and that's the shift we're doing

with all of our customers, including the oem. but where is that demand today that demand is in power and sensing that is driving the electric fiction of the vehicles and the safety of the vehicles in the case of automotive but the same trend is industrial >> i listened to the president today and phillip bow. the number is talking about ev, how quickly we can get there and i said, i wish hassane were at the meeting to have a frank discussion i wish we could do it. but if you knew how little -- what the production rates are. you cut some things in your conference talking about fab talked about 30 weeks to 42 weeks in lead times. the president seems out of sync with what we can do with ev. >> yeah. that visibility of where the demand is going to be, that allows us to plan ahead. what we have to be careful, we have to plan ahead but there has to be a commitment on the other side from the side of our

customers that that demand will end up in equipment. and that's what we need. we cannot build capacity on hope because that will give us the vol estimate we have had historically and on semi with the margin we have to build where the demand is and we have to be securing that demand with long-term agreements from tier 1 down to us but we have to be streamlined in putting that capacity in order to bring the lead time down. that's what it takes it takes a multilateral effort in order to get the demand and get the supply and get everything stable again. but don't get me wrong, the demand, wherever it is, it's going up there's more and more content. you heard it from the president. take it across the board everything is getting electronics. cars are getting more and more electronics. electrification is a driver of that >> let's talk about sustainability what a commitment you are having toward that. and i don't want to -- i'm

talking about weber grills i should be thinking bigger. i apologize. i would like you to share your views on sustainability with our viewers. >> look, we are making a commitment today we will be net zero by 2040. that is a big commitment not only for us but our customer what i talk about elect power and sensing, it allows our customers to achieve their own climate goals. if you want to be part of that ecosystem, which we are, and you're enabler, you also have to do your part we have been doing our part. now we will be paying it part of our strategy and part of our focus. because it's not just the right thing to do. it is the only thing we can do in order to support and sustain our business with that of our customers and that of the future generations. it's on us to do that given what we are able to do. it is our responsibility, and we're going to stand up and say it and we did today >> let's leave it at that.

i agree with social change what you just said is i think what america wants to hear and do, not just hear. president and ceo of onsemi, magnificent job. you promised this. you delivered. and much more. it's great to see you. thank you. >> you too thank you. guys, there's very easy deck with onsemi's mission. and i think you need to read this this is what great companies are doing right now. this is what they do "mad money" is back after a break. stp >> announcer: coming up next, cramer were is bringing the thunder and answering your burning questions in today's edition of the lightning round there's an america we build and one we explore.

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>> announcer: the lightning round is sponsored by td ameritrade ♪ it is time the lightning round. are you ready? i want to start with john in connecticut. john >> caller: boo-yah >> boo-yah what's up? >> caller: i've been in this stock a long time, and it's getting beat up unmercifully the stock is fmz >> i don't know. they did have a cost problem it was downgraded. i am with him. no, i have to go with mitch.

he's my chemical axe bob in massachusetts bob. >> caller: hi, jim i would like to get your opinion on blackstone? >> it is great not because he's a great ceo but he happens -- co he happens to be a fabulous, fabulous charitable money. blackstone is terrific i only know greg how about david in california. david. >> caller: boo-yah, jim. first time caller, long time listener excellent. >> caller: cramer kept giving us advice >> there you go. i come to play >> caller: so here's my question, yesterday you were talking about a timely topic called reach >> yes >> caller: will tower -- >> i like well tower but it is not as good as

vontoss. mark in florida. mark >> reporter: hi, jim hope you're well >> good. how about you? >> caller: my question and about a stock that reported disappointing reportings yesterday and crushed today. buy more or sell mohyeldin inferring. >> they should be in the sweetest spot there is no they are in the planning box. fred in oregon where my tower lived so long. fred >> caller: good afternoon. jim, if a seller had a high tolerance for risk and automobiles are one of the entire life, would you suggest to me at $5.99 i take a chance to lordstown motors >> only because one of the things about stock, they stop at zero doug in georgia. doug >> caller: yes, sir. >> you're up. >> caller: boo-yah, mr. collins.

blue ridge in the mountains. >> i wish i were there i went to the lake there i want to tell you, that's heaven >> caller: it's god's country. >> yeah. >> caller: being a diabetic hill billy i have interest in ormp since they are developing a pill for insulin and covid. >> there are things i'm doing with the foundation and some others that's a good kwrp and i like what they're up to. that is the conclusion of the lightning round. >> announcer: the lightning round is sponsored by td ameritrade semi conductors remain in short supply as demand continues to grow. could chip-enabled in srepbgzs hitting the market make the situation worse?

cramer is explaining how a book in tech in know vacation could strain even further. ♪ in tech in know vacation could strain even further. situation w? cramer is explaining how a book in tech in know vacation could strain even further. ♪♪ ♪♪ millions of vulnerable americans struggle to get reliable transportation to their medical appointments. that's why i started medhaul. citi launched the impact fund to invest in both women and entrepreneurs of color like me, so i can realize my vision and give everything i've got to my company, and my community.

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you want to know why we have a semi conductor shortage in this country let me explain this in terms of doneness yeah, that's the word people use

at weber, the grill dismaker that came public today when they are describing if your steak is undercooked or, well, done yeah you can use wi-fi and bluetooth to keep it from burning your steak and ruining your party even your new grill is packed with semi conductor content. remember charcoal? i love a grill that keeps your steaks from being burned but the world can only make so many chips right now this is the endless parade of new smart functioning. you don't need cutting edge chips to measure doneness. analog might do the job. we have $830,000 cars not being shipped because of a $3 chip there is a world of difference

between the ones we put in compliance and appliances. most of the semi conductors that go into electric cars the lower end full function variety. i cringed today when i saw president biden talk to the press, oh, my, pushing the big automakers to get more aggressive about making electric vehicles if we're going to get to 50% electric by 2030, we need to massively scale up our summy con - semi conductors. grandmother got clobbered lately because a covid outbreak in malaysia means they couldn't get the chips for best-selling markets. it's even worse than i'm making it out to be if we want a chip to make all the smart devices, we need the major semi conductor to dramatically boost productivity. ideally our government should be making a big push to make more chips here

they're trying, but it takes a long time. you know who recognizes the need for more semi conductors the peoples republic of china. they want to build found list that can match taiwan's semi to get there, they need capital equipment. especially ultra violet machines from a dutch company that our government is trying to pressure into not doing business with china. it isn't just a business problem, it is ajeeeo political problem. as long as there are issues throughout the supply chain, many companies, even the whole country are vulnerable to outside sources beyond our akin. we are not going to stop making smart devices that need chips, though the next big innovation will be something that i tell you are going to save a lot of marriages. a device that tells you whether you're grill is going to run out of propane that's worth its weight in gold. or going forward, it's worth its weight in semis.

it is how important it has come to our country and the peoples republic of china. i would like to say there's always a bull market somewhere and i promise to try to find it just for you right here on "mad money. i'm jim cramer see you next time. the news with shepard smith starts now. starts now a raging firestorm leaves a community in ruins i'm shepard smith and this is the news on cnbc an entire california town consumed by flames >> we lost the green belt tonight. >> dixie fire spreading at alarming speed and putting everyone who does not listen to evacuation orders in danger. a report that a plan for booster shots is weeks away. who would get them and how soon and the white house making a final sprint to vaccinate kids as schools becom