is the ets i'm playing. >> tim. >> everything i heard today says buy jpmorgan, higher rates, cyclicality and sideways for six months jpm. >> steve >> apple on the dip. >> guy >> alcoa, sister. >> "mad money" is up next. see you then my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends, i'm just trying to make you money. my job is not just to entertain you but to educate you and teach you. call me or tweet me @jimcramer finally. finally. finally we busted the darn pat pattern. >> that was easy

>> fondly the joy of the opening didn't turn into sadness and remorse. just a few hours later the dow gaining 237 points s&p jumping 28.5%. nasdaq doing something good. >> house of pleasure. >> sure it might be a relief in fact, it might be a relief rally. but it got me thinking if over the next few weeks we can somehow wrench all of the optimism i've seen for the last two weeks out of this market, you noknow what we can do? we can go back into bull mode. i have a theory it can happen. nothing is that simple last night i had all the hats. i couldn't find any hat that was worth hanging on to other than the hat of the communist chinese. we'll use this one this is the only one left. you need more things to hang your hat on. there are too many uncertainties

right now, including the fact that the last 20 years these next few weeks have been brutal for the stock market we are entering a period that historically favors the bears over the bulls but you know what, it doesn't have to be this way. you know what i'm going to do tonight, i'm going to be real negative i'm going to lay out a recipe for how this market can ultimately get through the next couple of weeks. how it can keep going higher after they occur i'm going to give you a 15-point checklist of what needs to go right before a rally can have real staying power and unfortunately i will stress this several times. you need all of 15 points. you know what? it's like woodrow wilson, remember that guy? he was president first, we need some good news in the employment arena august not so hot nonfarm payroll reports. this is the single most important piece of data out

there. if we can get a big number in a few weeks, we can conclude the lack of unemployment benefits. this is not a sure thing remember, this is not a checklist for the squeamish. i'm not going to come out here and say we did that. no these are hard, okay this is like chemistry not like exposition writing remember that chemistry class you got blown out, never get to graduate school? this is like chem 10 inflation must moderate. any business planning for the budget next year has to assume for once maybe prices will keep rising right now when you put pen to paper, they all do at this point businesses may not be able to expand. inflation moderates. something that could happen once we finish bouncing back from hurricane ida, all of that would be huge. third, services are boring

the chip shortages need to abate. i was going to have lays chips out here is how desperate i am it's pathetic how hostage we are to the semiconductor industry. the semiconductor people prefer to lean on amd or nvidia we call them feature full chips and those go -- that's the bucket of chips that go in to make your car work that's what drives autos the margins are so small that until we get more manufacturing capacity, storage continues. unless people say, listen, you know what, we're going to pay more and work with you closely, these semiconductor companies aren't going to play ball. no one is expecting this problem to go away most tech executives who we'll hear from later in the show think the chip shortage is far from over. that's why it's a huge positive to see the relief in the basic

building blocks that frankly i have never seen in all of my career and i traded intel. i've never seen it half before fourth item on the checklist this is related, we need to fix our supply chain problem getting something from point a to point b is a nightmare. we don't have enough truck drivers, not enough factories and we can't get the packaging we need. factories are still shutting down thanks to covid outbreaks and lack of vaccinations yes. i applaud all of those people who think they have the right to get me sick. wish you would go away the rising cost of oil, the endless wait for fixtures, washers, dryers, these shortages are freezing the economy it needs to thaw if business is going to pick up or that darn bathroom started in february of this year, it's finished before you're in because i have had it with the contractor. fifth item also related, the ports have to get better i don't have to do it. are you a port guy

i'm not a port guy it's had ard to believe there's so much coming from east asia. if we got out there we could do some things about it i'm convinced about it i'd like to go out there i can get the trains to run on time take a guess it's going to make them awful. fix the ports. number 6, when earnings season kicks off we need to hear that there's some light at the end of the tunnel when it comes to having supply to meet the demand homeowners, farmers, heavy equipment builders don't have enough equipment it was a great issue it's fine. no it doesn't cut it anymore. 7, companies need to say that rising costs have finally run their course how about a paper company, how about a plumber, an electrician. someone else who's been clubbed by these costs perhaps a supermarket or retailer it could happen and that would surprise people in a positive way. that is one that if it went up

by itself, you could have a lot of others go with it 8, the stock market needs k through 12 they need kindergarten through 12th grade schools to open and stay open. is that a good policy from a health perspective not my department. that said, i know it's good economic policy because k through 12 education is america's free day care system it's probably in some states better than the future it will free up a huge number of people to go back to work. as secretary jean ramundo said, commerce department, open the schools. covid hospitalizations need to decrease and decrease substantially. maybe that happens because employers are starting to require vaccinations maybe the delta variant has enough immunity. and it can't be episodic we can't have a bad weekend and

the numbers come back again. 10, we need air passenger traffic to increase. markets go down every time we hear of a decline. international travel opens up again once we are better vaccinated which brings us to number 11. hotel occupancy numbers have to improve. these are easy to attract. they signal shopping to restaurants. 12, rising interest rates caused by a stronger economy, not inflation. don't fear higher rates. fear rates that rise when the economy isn't do great new ipos, please slow down fewer lower quality deals and more higher quality deals like dutch pro. we want ipos not to split. this one is essential because all of the ipos are flooding the market it's like backup item 14, more buybacks like microsoft to clear up the excess stock supply finally, 15, positive things

that can turn around how about washington, beijing, they need to get off the radar screen every time you read about these, it's all bad tax hikes. you can make the market tremble by reading the front page. i don't think biden has the votes to make any truly controversial changes. that doesn't stop the stuff from making us freak out. they should raise the debt ceiling. beijing. come on, chairman mao, i mean president xi this is causing us to lose all appetite for any securities. our markets are real with it there's one more ingredient, more negativity. when we broke the high profile conclusions, it will attract too many buyers. declines don't stop until the buyers are exhausted today's move was led by energy fortunately tech went higher that's good. i don't want to see energy keep

going up bottom line, we don't need these positives so i can start feeling better, we need almost all of them if we get them, the market will almost always soar if not, it will be brutal as advertised let's start with mark in south carolina. >> caller: hey there, dr. cramer >> i didn't know i had that degree i'll take it what's up? >> caller: i'm calling from charleston. >> pretty there. >> caller: you had mentioned a stock back in the spring that was a good story and maybe a play on energy and solar and there was a follow-up session that you did on solar with two other stocks. >> right >> caller: i purchased emph and this has been going down ever since. >> it's only down 11%. solar is a little weak we heard from mike wirth we'll hear him talk later today. solar's been weak.

why? it's under a lot of pressure the prices are coming down, but i like it. it's the best of the group listen, everybody. including mark from south carolina, why not. we need pretty much all of these before i can start feeling better if we get them all, the market could soar if not let's just say, we'll keep getting what we did today, a nice rally and we start selling again. "mad money" from capturing carbon to capturing wall street's attention i'm learning about the plans for sustainable future is a carbon company going carbon free jumping over 70% growing is red hot it could be outcooking kingpin continuing to scorch the competition? i'm getting the latest on the connected world with the head of cisco. so stay with cramer. don't miss a second of "mad

money. follow @jimcramer on twitter have a question? 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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what's it mean when one of the largest oil companies in the world starts getting aggressive about reducing its carbon footprint? yesterday chevron held its, quote, energy transition spotlight end quote event where they unveiled plans to invest $10 billion on lower carbon projects through 2028. that's a very big boost from what they were looking for not that long ago. is it real or is it really

window dressing? earlier today we spoke to mike wirth, the chairman and ceo of chevron at the new york stock exchange take a look and make up your mind for yourself. >> mike, you've gone through being someone who is committed to becoming more of an energy transition person to the leader in this country. what drives this mission >> we had an investor day yesterday. we talk about a winning combination for shareholders shareholder value. high return, lower carbon traditional business that meets today's energy needs, which are large. we've tripled our capital commitments to over $10 billion to faster growing, profitable, lower carbon businesses that leverage our strengths so we announced ambitious growth targets in renewable fuels, hydrocarbon, carbon capturing, storage, things where we can create competitive advantage and work in sectors of the economy that aren't easily electrified

it's a chance to solve problems and reduce emissions and create value. >> i've been recommending your stock for some time. why? you were able to buy back stock and have continued rock solid. what happens well, jpmorgan comes and goes buy the hold why? you may be spending too much money on making this transition. what do you say to something like that? >> i can't look at every analyst recommendation. >> oh, mike, that was a downgrade. you're doing the right thing >> we are doing the right thing, jim. we're lowering carbon and growing value. we are reducing emissions by the end of this decade, 30 million tons which is an equivalent of 18% of new york state's carbon they will grow $18 billion in cash flow. we've upped our capital spending, we've upped our guidance to $25 billion in cash

generation between '21 and '25 above capital spending and dividend we have strong cash generating for our business that allows us to invest in the future and taking care of shareholders and traditional businesses >> what happens if we get a situation like europe or canada? >> well, everybody's trying to reduce the carbon emissions from their portfolio. different companies are approaching it differently different countries are approaching it differently i think everybody's got to do what they think is the right thing for their shareholders, for their citizens certainly what we're doing, we believe we can be a lied leaderd creating more diverse energy system. >> you did have a challenge, a proxy challenge that you did not necessarily advise people to do which talked about the need to do more about this topic

shareholders like that or like engine one in exxon, how much are they driving this? >> well, we're in a different place than a lot of other companies in our industry. we have a track record of disciplined capital allocation in our traditional business, in mergers and acquisitions and we intend to apply that in our new energies business as well. we have a track record of generating a strong cash flow. we've increased dividend 34 consecutive years. we're the only one of the international companies whose dividend is higher today than it was when covid hit we've brought shares back 14 out of the last 18 years now we have a straightforward strategy to deliver higher returns and sustain them in a lower carbon future. that's what we talked to shareholders about we listened to their feedback and we're intent to create value and create good for society. >> so what happens if i say, you know what, i want to be able to take that fantastic dividend that you pay and i'm going to go plant millions of trees with it.

why do i care what you do? i don't -- shouldn't i care more about what i can do with the dividend >> i think that's a really good point, jim one of the things we've chosen not to go into is wind and solar. these are technologies thar relatively mature. there is plenty of capitol available. the returns in wind and solar are actually being bid down. we've concluded that management in our company can't create value for shareholders by going into wind and solar. we'd rather dividend it back to our shareholders and let them plant and trees and invest and have the right to do that with a growing dividend that comes out of our company. >> we've been big believers in "mad money" that green hydrogen will ultimately be the way to go i want to stress ultimately. right now it's boutique. you've committed to it it is the toughest a lot of people feel you need the government to be able to get involved to get the costs of electricity down can it really work you've got a major, major

initiative in california >> we've got a major initiative in california. we' discussed the entry of a project in utah that is one of the first utility scale green hydrogen projects with mitsubishi and magnum. this will take renewable power, use an electrolizer to create hydrogen to then be dispatchable for power into california. it's a project that over time we can develop in multiple phases and move hydrogen into other markets and other uses other power markets, transportation markets so it's a very exciting project. it's big i think it's going to be impactful. we'll be back to talk to you about it. >> i hope so. >> green hydrogen will have a big role. >> i wish i could tell you all the doubters and they don't know as much as you i know you're scientists i've always felt that way about you. same thing as renewable natural gas, very important. >> one of the best things that

we can do for the environment because what we're doing now is capturing methane that currently is unabated as emissions into the atmosphere right now we're working with dairy farms, looking at landfill and other sources to capture gas that goes into the atmosphere. methane is potent. treat it, get it up to pipeline specifications and move it to displace traditional natural gas. good economics for that in the markets that we're in and a very strong environmental benefit. >> you are an oil man, that's one of the reasons why i like chevron. you have been forced to be a different kind of man. how have you been handling it? this takes a tremendous amount of technology. this is not an either. this is a multi-year gigantic initiative that you did not dream of when you first started at chevron. >> it is a different energy business than i joined nearly 40 years ago. what we're doing with our strategy is focusing on our

capabilities, assets and customer relationships to move into these new businesses. we're a leader in subsurface technology that's essential for carbon capture and storage. we're taking our refineries to have renewable feed stocks, to create traditional or renewable fuel sustainable aviation fuel. in california we have a power plant that will be a negative carbon power plant generate energy from carbon waste. generate power and store the co2 underground. these leverage the talents in our organization, leverage the assets we have, leverage value chains of customers. we're working with amazon, caterpillar, the airlines to help them solve their challenges and meet their pledges for a lower carbon future. so we're leveraging our great strengths into these trends that are changing. >> i've got my core here, oil,

$72. the saudis come in and flood the market or is this the new world? how much of the higher price goes to the initiatives? >> i think the difference today versus a year, year and a half ago is we've seen opec and opec plus with a plan that they've stuck to so as markets have recovered, as demand has come back from the depths of the lockdowns we've seen opec, it took a lot of production off the market, bring it back in a consistent way. they've telegraphed their plan and stayed with it despite differences of opinion they've largely stuck with the plan and really been cognizant of the fact that market stability is important so we've seen prices on a relatively stable band i would expect that to continue. >> it's good for chevron good for the shareholders. i care tremendously about capitol allocation you have moved 3 billion to 10 billion. chairman and ceo of chevron,

mike wirth thank you so much. >> jim, great to be here coming up, a sitdown with chills, thrills and griddles cramer fires up a must-see interview with glimmer next i wonder how the firm's doing without its fearless leader. you sure you want to leave that all behind? yeah. stay restless with the rx. crafted by lexus.

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loopnet. the most popular place to find a space. this morning we got results from weber the numbers are basically in line weber gave you a strong outlook. they surged more than 7% today in part because they're going into the quarter as part of a big trend of the ipos just withering. could this be marking the beginning of a big market back let's check in with chris. he's the ceo of weber.

we have to get a better sense of what's happening with the quarter and where it's going chris, welcome back. >> jim, so great to see you again. >> chris, i have to tell you, i was concerned. a lot of people say, wait a second this whole weber phenomenon and others in the business, that was because we have covid. now we're coming out of covid and people aren't barbecuing anymore. >> you talked about this week. this has been a very septembery september. i don't worry too much about the market in the short term what we're excited about today is we had a fantastic quarter for our third quarter. we grew our top line sales 19% for the april through june period and that's coming off of a quarter the prior year that was up 41% and so you're seeing a really massive year-on-year growth. we're in a covid quarter over covid quarter. we've been able to show that sustained growth year over year. that's been rewarding for our team to see our results in market

it's coming from a lot of what we're doing in the marketplace. >> let's talk about that you're not standing still. i happen to be having the weber connect smart grilling hub in my hand will this make me into a better cook, not burn things as people accuse me of doing over the labor day weekend? >> i can tell you it will with high confidence, jim it's 72 degrees in the studio right here where i am. the webber connect hub will absolutely give you better grilling results it's a little bit like wayz for navigating your car. we give you real time feedback from our cloud based algorithms. all of the expertise in 70 years at weber comes into your cook on your patio and gives you real time feedback so you know when to flip the steak, exactly when to pull it off, rest it, then you have a happy group of friends and family around yourself. >> speaking of a group of friends and family, we have a team in new york, the giants

people found out they loved to tailgate i've never seen more tailgating from people who don't have tickets. has there been a renaissance in the get together before the football game? >> weber is a brand built on getting together around the grill. we launched a new grill, weber traveler it's changing the outdoor grilling experience. perfect for tailgating, perfect for camping. you can think of it as a post pandemic kind of play because it's all about people coming back to parking lots outside of stadiums, going to camp sites, getting together with groups it cooks like a weber. it cooks amazing food but it's a game changer in terms of portability and what -- you know, how it changes your tailgate so we're really excited about that the reviews online are stellar we're barely keeping up with the demand that should be a big play for the fall. >> i want to hear that because when we did a piece on trager,

fine product, different kind of style, jim, it's going to be 0 sum. i think it's the opposite. the category has caught on fire. room for everybody. >> the macro trends favor the category for sure. if you think about a wave of millennials that are coming. 40 million just in the u.s. alone and we think about things globally we do half of our business outside of the u.s. which is really unique to weber when you think of things relative to millennials, there are 40 million millennials going to turn 35 next year 35 is typically when people are buying their first house, settling down, starting a family their life is focused around backyard living. that is exactly where weber has shined for so many decades we think it's a great tailwind for the category you talked about yesterday and the day before around the new hybrid work from home. >> yes. >> people aren't going back to the office five days a week

every day forever. even if you add a friday at home to the mix, you've now increased your week nights for grilling by 50% versus where we were prepandemic. there's a lot of runway for the whole category weber is a unique story. we play not just in one fuel set, we play in all the fuel sets we play in gas, charcoal, pellet, electric, moekers, portables as i talked about before we don't play just in the u.s., we play all around the world we had tremendous results in europe in the quarter we drove 35% growth in asia pacific we did 25% growth year on year both of those are lapping last year's fourth quarter in a covid environment. we're showing the sustained growth year on year. you're right, you're going to see a total addressable market that's driven by markets outside of the u.s there he is a ton of runway for everyone in the category. >> one person when i was singing your praises, they did a great number i write about a lot of these

ipos they are one and done and some are a name and not a product you do have some debt on the balance sheet. i'm hoping that that can come down after this quarter. is that a possibility? >> weber is a business that converts sales into earnings you know, one of the things you'll notice about our quarterly results that's different than a lot of different companies is we turned into gross margin growth and ebitda growth. because of that, we generate strong cash flow this is a business with the cash flow generated quarter over quarter, year over year we feel good about our ability to position ourselves from a capital structure standpoint to be well positioned for futures that arise we've invested in our business we've invested in june you have the june oven there not far from you that's been a great acquisition. that june oven has been named the best smart oven on the market all of those june engineers are

weber engineers. we have a fantastic team of investors. we invested in poland plant. the commodity headwinds, supply chain headwinds that everyone in consumer goods is investing in we've invested in a plant in poland that will change our cost structure and consumer relative to our go to market model. those kinds of investments just churn more and more cash out in the future that will take care of the debt and also drive potentially all kinds of new growth opportunities. >> chris, i was just so thrilled good numbers good new products. everything is coming together and i want these new ipos to look like you, which is you have an accessible name, good product. it's a good thing to own and a good stock to own. chris, thank you so much for coming back on "mad money. >> thank you, jim. appreciate it very much. that's chris and i've got it tell you, weber is an accessible name, accessible product

this is the kind of ipo i want you to go to not some crazy internet thing that is another way to be able to collect data, analyze it, then throw it away "mad money" is back after the break. coming up, lights, camera, office can cisco's video conferencing edge make you and your portfolio look good? cramer's got the ceo next.

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today cisco held its investor day wheremanagement unveiled some bullish long-term sales targets and talked about the megatrends last month the stock jumped to a

20-year high after what we heard today i would not be surprised if this thing has a lot more room to run. it's a lot more cheaper and faster growing don't take it from me. let's if to chuck robbins. chairman and ceo of scisco systems and a beleaguered falcons fan. welcome back to "mad money." >> you had to open with that, did you, jim >> how could i not >> let's get this out of the way. >> what? >> let me tell you how much help -- congratulations on the win. your team played really well. >> this is embarrassing. >> i'm very embarrassed. >> i'm going to sign this and send it to you. >> that's very embarrassing. look, you don't have to sign it. i already have a ball signed by him. you do that well let's get to it. you're better than your falcons. you did something i was hoping you were going to do which is you guided up in very sizeable

ways for something after the last quarter people didn't seem to realize it. you're growing 5 to 7% revenue compound annual growth rate. that is really, really a big stepup from when we heard you last >> well, jim, you know, what we've been doing over the last four, five, six years is really making this transition to this software model today we shared the metrics and showed what we've done and basically the fact that we've done exactly what we said we were going to do we also have so many tailwinds and positive transitions that are happening right now whether it's 5g, hybrid work, hybrid cloud or the 400 gig transition and the success that we're now seeing in the web scale, cloud providers. there's a lot of tailwinds and candidly the software that we have built up over the last few years and the amount of that that we're now pulling off our balance sheet gives us much greater visibility which is one of the big objectives we had when we started this transition. i'm proud of what our team's

accomplished and we feel really good about our future. >> some people will be confused. the stocks jumped up and came back down when we talked about your margins and people are saying, wait a second, if it's a software company, that has high margins. what is chuck doing? he's got me thinking all good about orders but not good about profits. >> well, jim, we guided our revenue at 5 to 7 and we guided eps at 5 to 7. when we talked about the factors driving that, we want to invest in so many of these areas. if you take the web scale space, 5 years ago we didn't even play there and now last quarter grew 160% it's 30% of our service provider segment. when we invest where we see opportunity, we think we can drive our top line which is what we want to do. that coupled with for the foreseeable future we are going to have pressure in our supply chain costs, in the cogs costs we have. the combination of those two

things we thought it was prudent to guide them in line. we are going to be investing for growth and that's what our team is excited about. >> if you can tell me we will not be talking about chip shortages a year and a half from now, i think next year will be a good year and the year after will be good when will that no longer be part of the lexicon >> jim, it's not just chips. it's a complex issue chip issues, memory issues, labor issues so right now we don't see it improving at all at least until, you know, the february through july time period next year, and that's not a given so we're continuing to work hard our supply chain team is rated number one in the world by gartner, not in the industry, in the world. so we're doing everything we can to meet our customers needs which is the most important thing we can see we're definitely revenue constrained because of the supply issues we're feeling and the component shortages. >> if it weren't like that, i

think we would be talking about the excellent investor deck. software transformation in billions of dollars. i don't want to call you a hardware company the growth in subscription software which is my favorite part of business is great. >> we had 3.4 billion in software and we exited around 12 billion. the teams have done an amazing job. almost 80% of our software is now subscription which is just, you know, phenomenal that's actually what's given us the predictability and visibility that led us on the last earnings call to give annual guidance and then so much of the visibility we have to that software and renewals is what helped us deliver on the revenue guide we gave today. it's been a lot of hard work the team has done a great job and it's showing up in the results. >> we had a prediction of the hybrid way that people work.

it turned out to be fantastic for palo alto. i expected to see you out west i thought everybody would be brought back i want the campus to do well the campus does well, cisco does extraordinarily well is this hybrid model a hindrance to growth for you? >> no. it's actually -- it's actually accelerating our growth. hybrid work is going to accelerate all aspects of technology investment. our customers are upgrading and modernizing our infrastructure our campus switching demand last quarter was as high as we've seen it in decades the wireless, wi-fi 6 transition and now they're having to deal with this distributed work force, distributed applications, distributed data which is more and more connectivity, intelligence networking and more and more subscriptions sold to get the adaptable model they need that's the issue, with the variants not only do they need to build a hybrid work model but

it can't be static they have to be able to adapt and flex in the offices and people going home. that will create a dynamic opportunity. >> i know you'll hit record 8 billion calls on webex taking share, it's not gone away we're all on it and we frankly maybe don't want to be, but it's the way we save money. the travel costs are lower and the quality is higher and the security is best can you keep growing >> i think so. you know, our strategy really is to brianne integrated solution to our customers it's not just about the meetings platform the integration with the contact center, calling platforms and the devices we have. we actually had a lot of customer examples where we see customers now buying into conference room video systems because they need to be prepared for when their employees come back meetings are going to be hybrid. every conference room needs to be outfitted with hybrid video

conference it's a combination that's leading customers to make longer term architectural decisions it's not just about meetings. >> i was looking for numbers that were not as strong as what you gave because of the downgrade we got last week you know what, that guy was probably wrong you're right chuck robbins, chairman and ceo of cisco by the way, i own my travel trust. very inexpensive travel stock given the transformation going on there thank you so much for coming on "mad money." >> thank you for having me, jim. >> tired of hearing everything is too expensive buy cisco. "mad money" is back after the break. coming up, a storm is coming so give us a call. the lightning round is next.

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it is time it's time for the lightning round. and then the lightning round is over are you ready skee-daddy lightning round. start with lance in minnesota. lance. >> caller: jim, long-time listener kneel. >> pass, pass, hard pass going elsewhere. we're not fooling around anymore. larry in florida larry. >> caller: hey, jim. big boo-yah from the championship city of tampa bay. >> rub it in what's going on? >> caller: my question is on canopy growth. >> you like it just go by constellation. i don't want the exposure. i need an integrated company going to joe -- no, matt in indiana. matt. >> caller: hey, jim. thank you for taking my call.

>> of course. >> caller: my question is regarding a local utility company called night source. >> now there's a stock i want to own. fantastic management buy, buy, buy. joe in illinois. joe. >> caller: boo-yah, jim. joe, chicago stock is coupang. >> oh, man, you know what? it's the largest deal. i've been studying the company given the fact it does nothing but go down. i think you can start a position and earn no more that and ladies and gentlemen is the conclusion of the lightning round. >> the lightning round is sponsored by t.d. ameritrade. coming up, hunt, hunt, hunt. the market machinations. stick with cramer for a special no huddle next ♪ the market machinations.

stick with cramer for a special no huddle next t, hunt. the market machinations. stick with cramer for a special no huddle next t. the market machinations. stick with cramer for a special no huddle next ♪ ♪

about 40 years ago as a young reporter i found myself covering crimes of east texas backwater. i was trying to find a bite somewhere. i stumbled across a used car dealer like something out of the old movie. the lot was full of klunkers the best part was cabby enter cars now i couldn't resist so i put on my best fake accent southern accent, east texas,

very difficult to do went into the dealership and asked the first salesman why his place has such a very boweding name he said, why not this means buyer beware. i told him that didn't exactly inspire a lot of confidence. then he said something i never really understood until i spoke to sec chair gary gensler this morning. he said we're not in the confidence business. you know what? neither are the great financial engineers of our time, but for them despite their east texas used car dealer attitude, it's not enough to just say it. we can't let them do that because that's not how we're supposed to do things in america. at least not since fdr established the securities and exchange commission in 1934. that's where they went from those rules to actual rules. we have regulations to disclose all of the relevant facts so you don't buy a lemon with no warning.

we got rid of that but it's been more than 80 years since then and there's been a lot of push back against those regulations. these days we have cryptocurrency promoters who claim they're doing the lord's work trying to protect your money from rampant inflation i like crypto, but that's ridiculous we have commission free trading without explaining there's no such thing as a free lunch because they sell your order flow to third parties. it's not terrible but you should know we have spac executives to make up any long-term predictions they want. we even have chinese companies with stocks that have meaningless distractions they don't need to obey the same meaningful disclosures all of these are caveat enterprises against the scams of the sec under gary gensler the most sophisticated chairman of our era

he knows this is not supposed to be the law of the land even though disclosure like sunlight may be the best disinfectant against ner recognizes disclosure is not enough when there are so many shady operators. you need new regulations and stronger enforcement he will give us them even if it means taming the most aggressive pieces of paper that he thinks merit the designations, securities whoo can you imagine people being scared of something they sell being designated as security that's shameful. for example, gensler doesn't favor endless security we don't know what instruments support key cryptocurrencies called stable coins. are they really? he called crypto the wild west, meaning it's ripe for crime and corruption the fact crypto is up 3% doesn't change that. especially when the services are

free in name only. the true costs are hidden. when i listen to gensler, you know what i feel like? i feel like draftkings offers you a better deal with their securities at least draftkings you can't lose more money than they come up many margin rates need to come up with serious disclaimers that explain how much you could lose if you borrow money. maybe we need traders anonymous. oh, i wish i were a kid. maybe all the chinese ipos that don't follow the rules, the american disclosure rules should simply be banned you could have saved yourself a lot of work if the spac workers had to follow the same rules where executives go to prison if they feed you ab surtdly rosie projections they know aren't true gary gensler has a full plate and a lot of eating cut out for him. he knows we can't sacrifice your integrity or your nest egg it takes us back to the pre-sec days we don't want to go back because they inspire no confidence

whatsoever we want strong, deep markets where you can make mistakes but you can't be obliterated by the new instruments and their often greedy and arrogant promoters. i like to say there's always a bull market somewhere and i promise to find it for you right here on "mad money." the young missing woman's boyfriend, well, the family's turned the heat up on him now, pressuring brian laundry to speak to the police. i'm shepard smith. this is the news on cnbc >> we don't know what brian knows. >> cops name a person of interest in the disappearance of gabby. >> he was the last known person that we have information was around her. >> plus, the incident in utah that ended with police being called. >> if she's out there we're doing everything in our power to bring her home. >> a prominent lawyer allegedl