so nasdaq. >> dan >> xlk, technology select etf. i'm a seller of that we have a pullback in the coming weeks. >> thank you for watching "fast money. see you back here tomorrow at 5:00 "mad money" starts right now my mission is simple, to make you money i'm here to level the playing field for all to level the playg field. 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'm trying to make you money my job is to entertain and teach you, to call me, or tweet me i'm sick and tired of people pinning this whole rally on the

fed. and it will be rolled back the minute the fed decides to tighten. that's pure idiocy we have to stamp it out. tonight, the dow gained 163 points the nasdaq declining, but let me make one thing crystal clear. business is good in this country, thank to a host of ridiculously positives. >> even within the government, the fed is not the most important part of the equation at the moment. and the industry is winning big from the infrastructure bill that just passed the senate. they dwarf all they talk and

nonsense, especially tro for the bipartisan infrastructure bill, which has stalled in the house of representatives how significant is this legislation? i think we break form tonight, and go straight to the source, to the man who runs the largest deal maker in america, being he knows what this bill means better than anybody. let's go to leon tapalian, to understand what it means for his company and our entire country welcome back to "mad money." >> thank you, jim. nice to be with you today. >> you stock let the s&p almost, can you please tell us the importance of this act and the importance of it to nucorp >> today was a significant day for our nation, jim. seeing a bipartisan support and approval through the senate is such a huge step

>> jim, this is really through the lens of three things, america's safety, america's competitiveness, and lastly, the resurgence of american manufacturing. if we've learned anything, this is a nation that most make and built things here in america nucor is poised to help rebuild the crumbling infrastructure around our country. >> i know your predecessors were always building the whole time i've even questioned your predecessors, saying unless we get in infrastructure, this will be for naught, especially in the chinese is allowed to continue to dump steel. you guys look like visionnaries. the mills you built, they play in this infrastructure bill very, very closely, don't this >> they play amazingly well. the investment strategy for a long time was to continue to

invest in the down cycles. so the mills that are coming up online are benefiting from that. we have an amazing team, as you well know, jim, across nucor, poised to continue to help rebuilt this country now, some of big areas, roads and bridges, power grid, rail, broadband, water, airports, you could be in every single one of those, right >> absolutely. the other thing is you think about the global impact of infrastructure who better to build and rebuild in the infrastructure as well as in the green economy than the most efficient steel producers in the world which is the united states again, nucor is one of the many leaders of that movement today 70% of what the united states makes from steel is from recycled scrap if you think about the rest of the world, it's about 27%. china is 9%. we are the cleanest steel makers on the planet, and again, poised

and ready to go. china last year alone spent $8 trillion on infrastructure we have got to stay competitive as a nation. we're going to continue as a company to invest in our teams in growth and continue to, you know, build out nucor's vision. >> our country did a great disservice to our great american working people by allowing everything to dump steel do you think there's any chance we repeal the tariffs, because people are saying steel has gotten too expensive >> jim, at the end of the day. 232 and the tariffs implemented in to 18, were not a longterm lever. what i would say, if we think about the imports that hit our shores in 2015, '16, spiked to nearly 30% in that time we only had about 50 cases that the industry had won against company that is dumped, like china today there's 110.

we are in a position better position to ensure the strength of the steel industry in american manufacturing is maintained. >> i keep trying to tell people when you see nucor selling at -- it's a growth stock. it is not a cyclical you're going to end up seeing multiple years of nucor stock going up is it not true, sir, you have very few cyclical characteristics, and the idea what bethlehem steel was trading before it went bankrupt is a pretty absurd valuation. >> i couldn't agree more as you know, bethlehem is no longer here. i think there's three things that are important that have changed the face of the industry the number one is trade, we talked about that. two is our consolidation in the industry has been significant. three is rationalization we have seen a much broader rationalization of steel products being made.

again, i think you're going to see our industry, that nucor leads to trade at higher multiples, and we should. >> even like today you closed a billion dollar acquisition, that to me doesn't sound cyclical at all. >> absolutely. we're excited about welcoming that team to our nucor family. it gives us a market leadership position in the metal panel business that will continue to grow it's not a cyclical nature like steel, our mission to expand beyond we have an amazing team to leverage the greatest of -- to. >> when you build a plant, what is the multiplier of that. you build plants where nobody else is willing to go? >> as we think about it, for every job nucor creates, there's four to five indirect jobs

created. in our fail there would be 400 to 500 permanent employees the multiple means thousands of teams to get the opportunity to be a part and ben effector of long term. if you think about the average annual salary, it's approaches $100,000 a year. so we're paying really well, again it's poised times like these to look to nucor to lead the pack. >> when i see a plant, i wonder if it can keep that up that's extraordinary, sir. >> it is you know, jim, if you look across the portfolio, we have some of our plant at capacity, but many have the opportunity to continue to increase that in utilization rates, but one of the greatest strengths is we can rational internally, and ship product from one mill to the next, including an infrastructure bill. we're going to have to increase

to our output to meet the demands, and nucor is ready. >> i was surprised you bought 6.75 million shares back at $91. you have great analysis of where your stock has been and other big cycles that, to you, seems like a bargain? >> absolutely. we have an amazing team. our cfo does an amazing job and we have an intrinsic level on you how to return that back to the shareholders so we're going to continue to look at that and understanding where that value is, but as we think about growth, and think about the opportunity, nucor will continue to meet that reinvestment back to our shareholders >> leon, i want to thank you for putting it in perspective today. this is an incredibly important

bill so thank you for coming back to "mad money." >> absolutely. thanks for having me, jim. >> that leon tapali. i think it will be an amazing stock the rest of the year and more. still to ome, exclusive with pioneer, perhaps the most inventive oil company. that's high fashion online, and radical way to recycle plastic stick with cramer. >> announcer: don't miss a second of "mad money" follow on twitter. have a question? tweet cramer #madtweets. e-mail, or give us a call.

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now thatthe price of crude appears to have peaked, at least for the moment, it's not enough to just own one of the better producers. last week pioneer natural resources gave me a terrific one, when the company said it's moving up its planned for a variable dividend. that wasn't supposed to happen until next year, but last week they decided with the variable -- 75% -- looking good to 80% now, why is this important if you annualize the numbers, this could be the highest yield or one of them, in the s&p 500 no wonder the stock jumped 80% last thursday. as long as -- i'll bet -- let's take a close look at scott sheffield, more about the quarter and this fabulous

different, and his emphasis on esg. welcome back to "mad money." >> jim, always great to see you. we did have a great quarter we've been talking about the variable dividend for about 18 months as you said, we moved it up to 75% of our free cash flow, a significant increase if you look at the rest of the year, we're about an 8% dividend in 2022, we're about a 12%, if you look over the next five years, it averages about 9% dividend, so it should put us tess top of all s&p 500 companies. the reason it goes back to 9, is because it drops about $10 over the next five years. scott, how did you come up with this and change the company? you have two big acquisitions, you're flaring far mo committed to esg, talking it, not just

saying it, yet you're also producing the best return. you know, i've always loved pioneer, but this is a radical transformation >> yeah, jim, i think i mentioned this before on my show, but when i came back two years ago, i led the ffort we had to stop the flaring in the permian basin. it was flaring over 1 bcf a day. today we got it down to about 200 million a day. it's down to mostly private companies. we need to get the private companies to do what the publics are doing, so less than 1% the break-even price has been lowered significantly. that's our breaking in price when you add the base dividend, with two accretive acquisitions, we've now doubled the size of the company, and now we're the largest producer in texas and the largest producer in the permian basin.

>> let's talk about the focus on return pioneer -- which was always a great company, but you did a lot of drilling. now you're still doing a lot of drilling, but you're far more considerate about how much you drill versus how much you return is this a reaction that a lot of companies used to spend far more than they had and therefore they went broke >> exactly >> we've had always had a great balance sheet. that's the most important in the oil and gas industry it's always had a great balance sheet. we did go out to all our investor base. we got feedback. the model has to change. so we changed the model. we're only drilling with 50% of our cash flow. we're running 24 rigs today it's the most in the country of any producer, and we're going to be growing roughly about 5% or of next kiffin years.

we're going to disperse the rest of that flow to the investor it's about $18 billion over the next five years. >> you have a chart. it says break-even price demonstrates around 2029 how is that possible, sir? most of these companies are $39, $40. if oil is at $50, they're making nothing. >> it's easy, jim, primarily, we dominate the midland basin we're focused on breakeven calls. we reduced all well calls over 40% to 50% over the last three years, so it's a combination of staying focused, getting buy-in from your employees goals to your employees, and we have a great attitude, a great set of

employees, and the culture helps get it done. >> a lot of people said, well, wait a second, no one else is making acquisition is it the synergies, the 1 million acres? what made it so you could pay what you did and nobody else could do it. >> both they were contiguous we're drilling 15,000 foot laterals now, so a huge amount of sinynergies significant increase, but to be able to put your acreage together like a puzzle, both companies fit in they're using our water system that we've used from the cities of midland and odessa. we're sharing tank batteries it's made it very, very easy to get those synergies.

>> now you have a couple goals with a strong focus on esg, and at the same time you want to be the leader in diversity, equity, inclusion, benchmarking. some of it is a new focus. >> i think times have changed. one thing you have do in my history as ceo, you have to recognize change and move fast and be the leader. that's what we're doing with diversity the top 15 are diverse in our executive leadership. i'll bet you there's no other independent that as 50% executive leadership that's completely diverse we're adding billingly from coca-cola, an exciting new director to have on board and we'll continue with regard to esg, look forward

to the next sustainability record coming out mid september. we'll be significantly adding more goals, andreducing more and more -- >> at the same time how are we doing with delta >> yes, we're fine i'm trying to get the vaccination rates up out in west texas. they're a bit more stubborn out there, but we're making progress we want to protect each employee's health. so we're trying to encourage we're not making it mandatory, like a lot of companies that you talk to. we still think people have the right to make that decision, but we're trying to encourage it we do not want people to get sick >> i lot of times i feel changes were made kicking and screaming, but they got there why did you not fight the trend, where you had a lot of these

investors, like blackrock, saying these guys have to change why did you get ahead of it, scott? >> i've learned you have to lead and not wait you have to listen to your shareholders everybody visits the shareholders at least twice a year so i'm really proud of you, scott. you really got it right. >> thank you, jim. good to see you. he's got the best acreage, the lowest costs, but the best

esg and absolutely the best in the mixture. it can be done "mad money" is back after the break. energy -- >> announcer: coming up, after a week testing investor resolve, can it resolve recent decline. cramer has the head honchos, next

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make fitness routine with pure protein. high protein. low sugar. tastes great! high protein. low sugar. so good. high protein. low sugar. mmm, birthday cake. pure protein bars and shakes. for every fitness routine. i alternates tell you, wait until the smoke clears and last weekwe got a textbook example of why it pays to be patient. this time i'm talking about -- this is a long line of power retailer, it makes you feel like, why do we even have department shows sales up 60% year over year. it came in it got hit, but this

has had a huge run, and this must be as good as it gets if this wasn't the last great quarter, then the stock would have more to run we have the cofounders, welcome to "mad money." >> thanks for having us. >> i'm going to start with you can you please refute right up fronts, that it can't get any better than this?

the business is on fire. kind of, you know, it still has a lot of the market, slowly, slowly already seen the most epic retailers of the generation, you know, and we're still incredibly small compared to the overall market i think we're in the ge ging and they're entering near -- and we'll be engaged for many, many decades. she didn't know forward -- forward is the first actual high-end luxury brand i have seen how did you have -- were

you shod at yourself at these spectacular results? as bullish as we were a big driver of it was increasing awareness, in large part through introducing it to our resolved customers. but a big driver n quarter was the and we saw ago might have increase with these that 5% overlap there's still a ton of headway >> aren't those issues things that can be worked out real quickly?

it was essentially nothing, but at the same time there are changes going on so we wanted to make sure people were aware of it and it's a situation we're monitoring i think it's a manageable one. it impacted some segments of the advertising market the negative impact was recently offset i want to go with my wife to tulum -- i actually went to milan week are you making it a destination to go to one of your shows

>> i think that previous generation of fashion, beautiful images but now, of course, we can show the lifestyle that our customer wants to live. of course, you know, we're doing those awesome things with your family and friends their model is kind of broken. >> i'm surprised, yes, and also not surprised at all it's crystal clear this is the way to go. those -- i think it's also classic, you know, it's really

hard to -- i think a lot of times it's just fresh outside perspective, and we are built from the ground up we had technology, that you just can't purchase it's not equipped as much, you know, there's tens of billions of revenue and i think the pandemic is seeing that shopping is different again, there's a little confusion about covid on the call everyone and it's better than ever, and people are thinking, way a sect

isn't it a place to go during a pandemic i'm kind of confused is it both great for you it was an odd moment in the call >> the one thing that's very important. those things don't match well with the pandemic. so we saw in the priority year but now the things are opening up again both in the u.s., as well as international territories. i'm looking at your stuff with

what happened with zappos. you'll get a phone call from andy jassy, saying you guys -- what do you do if you get a call michael, what do you do? they are bringing out the best in us. i think it's hard pressed for them to be hard pressed. we're trying to build one of the most, you know, beloved fashion brands we want a clear vision with a road map what we can can become you know, it's energetic, along with capital a lo of experience,

so very open-minded to talk to anyone, but it seems very unlikely >> gotcha. michael, and mike, thank you both so much for coming on up great story. i've been intrigued from day one. this was senational. "mad money" is back, after the break. >> announcer: coming up, is it time to hook your port follow up with a little chemical romance cramer's got the inside look on eastman chemicals, next. ♪ someone once told me, that i should get used to people staring. so i did.

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there's been so many good

chemical earnings. eastman chemicals makes all kinds of cool stuff. they also -- all over the place. there's just not enough supply in their part of the chemical industry, and that imbalance will not be resolved any time soon, and they have a technology to make recycling more luc lucrative. even now the stock is only up about two bucks since it reported now, 13 times earnings, i think it should be worth six five or six points more than it's trading for. mark is the chairman and ceo of eastman chemical mr. costa, welcome back.

>> really great to see you again. it's great to be here. >> there's a big infrastructure package, and you guys have unbelievable businesses, building, transportation, retail, all should be relevant, but i want to drill down on the molecular research that will let us have for the first time a true circular economy. not green washing, but the real deal can you explain what you've got going that's extraordinary, that people don't know about? >> yeah, absolutely. so eastman, you know, this is probably the most exciting time i can think for eastman and our teams, and we're really establishing ourselves as an environment technology leader. it's really exciting wreefb on a transformation for the last decade to becoming a real specialty materials company. part of that is we sold off a

bunch of commodities bought a lot of high-margin, high-special commodities, and we built this innovation engine. we really focused on what we think of as the triple challenge. for a long time we've had a moral purpose about how to improve the quality of life, and we have extended that in the last decade on how to impact climate and now how to actually reduce plastic waste >> one of the things i think is important, you have to deal with procter & gamble this week, which i regard as being the most important agreement that i have seen for getting rid of plastic waste. maybe you can describe to our viewers would you think a seminal agreement. >> getting getting a bunch of iconic brands, they're really engaged on what we're doing with the environmental technology we're providing a way to take

waste plastic out of the environment. it's mechanicallily recycled today. that's the way to traditional way to do it they turn it back into other bottle it is, or more often textiles we're doing molecular resickling, more fundamental we take a waste plastic, 97 on% that could be mechanically recycled, and we basically, especially with polyester, we unzip that polymer with a bit of chemistry, purify it, and rebuild it into the identical current polymer. that's incredibly important for p & g. they're highly committed to making the environment better in both recycled plastic, and doing it with a lower carbon footprint. it allows us to take one step, and turn it back into their products, with no compromisein the performance, and do it with

20% to 30% performance >> where do you get the plastic? we are terrible recyclers in this country how are you able to get this stuff and make it happen to me this is the holy grail we know that plastic bottling will be in a landfill. we also realized that americans don't recycle right. how do you change our behavior, or how does it matter if we don't? >> what's exciting now is consumers are energized, and so are the brands, in solving this challenge. we wanted to build this technology a decade ago. in fact kodak invested this technology four decades ago. that's why the brands like us. they know we have this established technology and we can do it. with the consumers, we have to get them motivated we can put value on that, and encourage people to invest and develop it today it's just waste, so we're

changing the whole game around recycling. we're trading that into a circular economy we think of it as a new frontier >> can we possibly get at these gigantic -- can one day you think we can clean up the island of plastic, using your molecular technology >> absolutely. there's a lot of opportunity to turn all of this waste back into an entirely new economy people in their 20s and 30s you this plastic is the enemy.

if you don't like plastic, you can be forced into another world. most peek don't understand, even with the higher recycling rates. so a lot of it is education. people need to understand that the answer here is recycle plastic, give it an infinite life when you take it back to the building blocks. we need consumers to get engaged. as well as required to really support this we are going to push this for our show

i want to thank you. a lot of other businesses, but i appreciate you letting me drill down thank you, sir. >> absolutely. thank you. you get a year that's making money, but done it so we will not hate plastic in this country. "mad money" is back after the break. >> announcer: stick around -- >> may i make a suggestion i would stay with cramer. >> announcer: the lightning round is coming up next.

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[ buzzer ] >> are you ready skee-daddy? brad is coming up. >> caller: boo-yah, jim. thanks for taking my call, for all that you and your team do. >> great team. >> caller: aggressive goal, by 2030, recently passed infrastructure bill by the senate, and gm announcing their charging stations recently, what is it on evbo. >> remember, there are four gunning for this business. that means it's not going to all go to one player be very careful. it's really speculative. wayne in wisconsin wayne? >> caller: hello, mr. cramer how are you? >> i'm good,way. how about you? >> caller: not bad i have a listium stock, and i got out, and then it came back down at about 48, and i was

looking at it, got back in what is your thoughts? >> i was going to say, lithium is a tough, tough market i always say be very, very careful. piedmont had some permitting issue that kept its stock down, but if you want to play it, i guess that's a good one. not my favorite. fred in wyoming? >> caller: yeah, jim, boo-yah from jackson hole, big boy. >> oh, i wish i was there. >> caller: beautiful, living the dream. two earnings beat, two guidance beats for the year we've got -- happening, what are your thoughts on fubotv? >> fu buismt o just reported, it looks like a dynamite quarter. you know fubo. there was a time i couldn't even pronounce it, but now i know it.

it should come on, because we are like this. okay let's go to alex in new york alex >> caller: boo-yah, jim. i'm looking for your position on sky works. >> i don't understand this stock, they have the apple business, they made a great acquisition. i think people are selling this stock and are going to sorely regret that they sold it let's go to dominic in michigan dominic? >> caller: boo-yah, jimmy chill. >> the chill man is here what's up in. >> caller: stock is a payment processing company specializing in digital and cash solutions. it's very big within the i-game session. this company reports that are earnings on august 15th. jim, the company i'm calling in about day is pay safe.

>> i like pay safe man, have i ever been wrong. i've been pantsed by this stock, and yet i'm still sticking about by it. i'm with you, the customer list is too good for us to both be wrong. bobby in new jersey. >> caller: boo-yah, jim. >> what's going on with you? >> caller: i wanted your take on a new medical device, a unique product for cataract surgery it's down around 23%, and rxst >> man, i don't know that stock, it's not holding up there. a lot of people are selling that stock. i've got to be careful about that one i think you have to be careful that, ladies and gentlemen, is the conclusion of "the lightning round. >> announcer: "the lightning round" is sponsored by tod

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okay what makes for a great

executive? at this time obviously you need a solid operator and you need vision beyond that, it really helps to have some showmanship. you don't have to be a mag any of showman, but if you're trying to sell people something, it's that quality that may matter most take amc, this morning on "squawk on the street" we interviewed adam aaron they've been able to avoid the walls of death by -- that money the company was able to stay alive and wait for better days adam is a legend in the hospitality space. he successfully ran nor wwegian cruise lines adam is a terrific showman, though when we spoke to him this morning, he highlighted tremendous cash generation and muchbetter revenue per pat ron

he also listens to his shareholders, including the investors called up in the meme stock mania. listen to this. >> i look at these millions of individual investors as -- who really came on the scene just in the last few months. they're the owner of my company. they don't work for me i work for them. they're my bosses. >> putting it all together, he wrote a story about the magic of democratic capitalism. that's how amc could raise money from a group of regular investors. he's putting on a great show the highlight is amc stock, up roughly 1400% for the year he refused to -- he stoked the flames to keep it alive. an all-time record for the century-old business

so now the company can hang on for years until the crowds come back of course, he won't have to way long, because it looks like the across the board are already there. people stiff love going to movies, though who else has this killer combination, great showman and operator how about elon musk he ended up one of the richest people on earth, because despite the critics, he made a successful company who else fits the pattern? i always like the outspoken john legend, the builder of t mobile. he created a corporate culture that was more david than goliath, though verizon and at&t, of course which he called dumb and dumber. i thought he could be so glib

about the competent torrie adam aron, elon musk, great showmanship, which is why they've been able to deliver such fantastic returns i promise to try to find a bull market here just for you see you tomorrow "the news with shepard smith" starts now. this is the news on cnbc >> my resignation will be effective in 14 days >> governor cuomo's fall from the political mountain >> in my mind i've never crossed the line with anyone >> blooming legal problems and the lieutenant set to make history as new york's first woman governor front line nurses, frustrated and heart broken. >> it is unnecessary and it is preventible. >> the reality they wish all americans could