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tv   Mad Money  CNBC  September 23, 2021 6:00pm-7:00pm EDT

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going all the way. >> steve >> i am going to -- >> not a word. bye. >> metlife, met goes up. "mad money". my mission is simple to make you money. i'm here to level the playing field for all investors. there is always a bull market somewhere. i promise to help you find it. "mad money" starts now >> hey, i'm cramer welcome to "mad money. i don't want to mfriends, i'm just going to make you money must job is to educate and teach. has the delta variant peaked or will the millions of kids who have gone back to school start
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getting sick and reverse any near term hope of getting covid-19 under control do you know the fact that we don't know could go either way actually help give us another explosive rally? dow jumping 507 points nasdaq climbing 1.04%. that is two fantastic back to back days. first dave the rally is all about jpalpowell he said don't worry about the fed. he is going to keep rates low because of the pandemic. and troubled real estate titan that owns staggering $300 billion, he's not going to let it become china's lehman brothers the chinese government is not like the u.s. government shocker. they want to protect their economy without rewarding bad behavior, they can just bail out the buzzsiness and send the executives to a re-education camp what drives me nuts is that we had tons of bearish comment take
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theo -- commentators saying that china was headed for a lehman moment now that it hasn't happened, everyone will just forget anyone made the predictions credibility won't be hurt at all. nobody will be invited back on the air every time china is down i'm the only one that will even remotely savage them jay powell didn't throw a tucker tape parade unlike what the press wanted president xi gave 1.5 million creditors the bail they deserve. nobody wants to believe the fed. they can't understand that powell doesn't operate like his predecessors as for the china bears, they're dealing with free markets or the rule of law -- sorry that said, today's rally in the u.s. was all about covid-19. right now i'm reading uncontrolled spread, the book by
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dr. scott gottlieb in the morning about the pan damdemic. it's mazing we didn't have a spanish flu 1918 moment giving that our leaders and health agencies handled themselves and how ignorant they are. the book is incredible second, it'samazing how good we're now at controlling the virus. our vaccines work. they work so well that if you get covid-19 after being vaccinated, you probably won't even know you have it. i think most of the nfl guys find out from the tests. they're feeling great and ready to play. all the hospitalizations and deaths are made up of people who refuse to get vaccinated it is traj ukgic that anyone is dying. i think it's crazy that people would rather take their chances with the virus than with a couple of shots. especially when we have all the ultra infectious variant strains. we're also getting better at keeping death at bay for those who refuse to choose life. they're getting better and closer and they stop the virus in the tracks once you catch it.
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we're no longer hostage to the keystone cop docs. i'm not sure whether covid peaked or not. it doesn't matter what i think what matters is while the cases are coming down, it could come back i know that southwest air said they're peaking. but they've been wrong about everything okay so i'm taking them with a box of mortons. disney said that delta is slowing things didn't sound like the worst was over darden's positive quarter may that it peaked the steakhouses are doing well if you drill down the olive garden numbers, they suggest we're still not over the hump. by the way, just a little -- you know, a public service here, the long horn brunch is a killer now here's the greatest news about the pandemic's impact. we can't tell whether delta peaked we got to give jay also known as
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jay powell, the fed chairman, the benefit of the doubt he says -- he has to hold off on tapering especially in this business that is obviously slowed over the past few months. that's exactly what moved the market today in short, it gets better we keep hearing about supply chain problems had as to do with the ridiculous port situation firms just understand they can build factories in mexico or the united states and deliver goods more safely than if they're importing stuff from asia. they better start getting serious. did they go to college to get stupid what matters isn't the lack of port capacity. it is the lack of workers. that is covid-19's fault at the start of fedex's absolutely miserable conference call, management told us our portland, oregon, hub is running with approximately 65% of the staff needed to handle its norm
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volume let's think about this 65%. well that means packages have to be scrambled all over the plaus t place to avoid that hub. it's a nightmare for so many buzzes let's think about this where are the other 35% of fedex's workforce in portland? did they just disappear? were they abducted by aliens no i bet they either have covid-19 or they have unvaccinated family members and are therefore afraid of going to work and fear getting it from others maybe they're not vaccinated themselves if the virus has you scared inform to miss work, what do you think the vaccine is going to do to you powell insisted that inflation is transitory. what if everybody gets immunity because they've been vaccinated or already caught covid-19 why wouldn't it go back to 100%? the system works and costs come down in other words, if the delta variant peaked, many of the supply chain issues are going to work themselves out so why not be like jay and let it play out? why can't we just listen to jay?
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i mean what -- all right i pick portland because they're good about getting vaccinated. they're all about 60%. most of america's manufacturing is in the sunbelt. vak sin augs rates vaccination w live free and die territory. kind of put the opposition in there. so what if jay powell is on to something? what if the delta variant has peaked won't those people go back to work can we use that to explain labor shortage as cross dozens of industries in little to do with unemployment benefits and everything to do with being fearful of the pandemic or not wanting to go to work because you thought you would catch it or because you caught it so china goes off the raid ar screen for 24 hours. president xi had to bail out ever grands customers and jay gets new found credibility because we can't tell if delta peaked or not. the bottom line, the absence two of negatives does equal a positive which is how you got this
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magnificent rally. i want to go to sam in colorado. sam? >> jim, how are you? >> sam, i'm doing so well! i got to tell you, i'm starting watkins this weekend what you got going >> caller: jim, whether at home or working, steel high or low, one thing is zothing is constane that cybersecurity and better software we have palo alto. we have all these types of security names but there is one that stands out more than the others and that is centennial one they're using machine learning algorithms to differentiate them from others responding to an tack. >> george might disagree with that i do like it game on. i was prepared to dislike them i real you was i was prepared to hammer them. i was prepared to be down there giving them the business but i couldn't they were really pretty good
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i also like palo alto. he is a star a star a rock star! let's go to bob from new jersey. bob? >> caller: hi, jim this is bob in new jersey. my question is your thoughts on zoom very briefly, they reported quarter that was really good sales over a billion dollars after that, there was some discussion about slowing down the next couple of quarters. >> right >> and the stock went down 50 points in one day and 50 points another day. >> it did drop 17% >> caller: right. >> they did say there will be some slowing now full disclosure, my stepson works for zoom i always have to mention that people say why didn't you mention it i think that zoom has to finish this acquisition and has to do more acquisitions and make more -- and become more of a full service zoomer. right now it's too niche when something is too niche, it doesn't go up.
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today's rally was about covid-19 we don't know whether delta peaked there is also a chance the worst is over n short, it's the best of both worlds for the market. on "mad money," regulatory changes and they have caused the stock a very high profile casino operators but could the las vegas rebound be enough to push wynn higher? is it you asked me for wynn and i'm delivering we have the ceo. then i was ready to give up on the oil and gas industry they have a new head on their shoulders. i'm going to tell you which ones you should buy and engage smart hit the public markets with a bang today could the company continue engaging customers alike i'm going to talk to the company's top brass. and, yes, i'm indeed playing three different eagles against the cowboys in fantasy this very weekend! so stay with cramer! >> don't miss a second of "mad money. follow us on twitter have a question?
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tweet cramer #madtweets send jim an e-mail or give us a call. 1-800-743-cnbc hess something ad to madmoney.cnbc.com.
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china cracking down on things, it's been a tough ride i feellike a fool. i think the negativity could be baked in that may be talking my book because i'm so down about it you can make the case that the market is valuing the buzz at close to zero. i think that's absurd. so let's take a closer look with the ceo of wynn resorts. let's see where the business is headed welcome back to "mad money." >> >> hi, jim >> i never had as many questions put to me once people heard you were coming on but the overarching question is one that i hear from the bears is mccall now worthless to wynn? >> you know, jim, that question is really makes no sense if you look what the government put out in the report, i think a lot of people haven't read
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including mr. chenos or have a lousy lousy translation, it's a 25-page report they talk about the health and the stability of maccao. the government said they're going to take into consideration the overall employment picture of macao coupled with the return on investment for shareholders when thinking about the renewal of the macao license. >> let's talk about the potential renewal concessions. this is from june next year. people are thinking that you may not even get renewal i that i is fanciful i think is not in the cards. it looks good for you. >> i totally agree again, 20 times in the document they put out they talk about the health and stability of the industry that's what they're focused on we employ 15,000 people there.
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we're good corporate citizens. and, you know, i have a very, very bullish view of the future of macao and what we're going to see going forward. >> again, a new one that someone said is take a look at what morgue a morgue an morgan stanley is saying they did put out data that indicates that you may be sold out for upcoming october gold week can i confirm that morgan stanley knows what they're talking about? >> so golden week in the past is quite strong and, you know, we have seen a lot of demand coming in in and it really just depends on the covid-19 situation and what's going on. macao will be like las vegas as covid-19 comes under control and it has beeneffectively in china and the border is open, you know, i do believe that it's going to be a very, very busy
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place. trying to predict when that's going to happen is really hard but it's clearly going to happen and the demand for macao is great. >> what about the rules they're putting through. for covid-19 and the possibility that elongated quarantines have that cut down on traffic in the month of august. >> yeah. again, the short term that, is clearly cut down a lot on traffic. and, you know, they have a zero tolerance covid policy they kept it at bay in the entire region. that has continued we're going to see how this plays out. i mean, i believe that the vaccination rate in china is somewhere in the mid to high 70s. so when you think about that, you think about the upcoming beijing olympics and you think about the direction of travel there, it feels like it's going in the right direction >> all right so let's just discuss united states i think that you're basically
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getting macao for free given the nature of how the u.s. is doing. the company valued at $9 billion. i imagine if you try to build on the properties, it will be substantially more let's talk about the flow in our country. >> yeah. i've been at wynn for 20 years, jim. just like i said on the second quarter earnings call, we experienced the type of business that we're seeing right now in las vegas. and in boston. it's extraordinary and we're seeing that without international travel just this week when it was announced that if you can come to the united states if you're vaccinated, we had reservations from the uk spike from effectively zero to hundreds a day. people are wanting to come to las vegas and have a good time >> and how about nfl what has that done for your bookings out in the future >> it's terrific so sundays are real strong now
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ed stadium is amazing. they want to see more sports and tourism. if you by this what that's done for las vegas, it's been terrific the golden knights, raiders, all those things really add to the overall experience for the customer >> all right now i know that steve wynn october 2015 and a call took on the chinese government and reminded people that the chun he's government wanted -- wants macao and wynn in and wanted the jobs and a great partner and they always will even though he was tough maybe the toughest i've ever heard of anyone talking to the chinese communist party. and it worked! and they listened. they want the jobs is anything really changed from 2015 when they listen to steve wynn >> you know, when i look at what was put out in that report, and they talk about the enhanced supervision, really what it is saying is they want the operators to be strong
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strong balance sheets. they want you to have the appropriate corporate social responsibility programs. that's exactly what we just put out in our esg report here in the united states. any business has to focus on not just shareholders but the employees and its communities if it wants to be successful in this world i think that what's going on in macao is not punitive, it's practical. they're moving to a highly regulated environment just like we experienced here in the united states. >> so this is not some crack down on rich people who gamble and end of an era where they think there should be prohibition on gambling? >> again, the health and stability is the main focus in the government's report for what they're looking for for the industry and the continued diverse fiction. i think that is logical and practical. that's why las vegas became what it is. it continued to diversify and add new things for people to do. so to me the macao government is going about this in a logical
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way. and consultation with all of the operators to ensure the health not just of the industry but of the community itself >> well then i have to say, i know we have to wrap up. but this company's lost a huge amount of value for something it doesn't sound like it's all that important to the even numbers going forward. zblfr again, you know, macao is the only large scale gaming market in all of asia. nestled right in the most populated, fastest growing, wealthiest regions in the world. that's a great place where you want to be and i feel very good about the steps that the government is taking to ensure that the operators are focused not only on the shareholders but on the communities and the their employees. it's what's going on in the united states. it just makes sense. >> all right i'm sure the bears are saying cramer you're a suck up and you're a liar. and the answer is i've known you for a long time. you're anything but. i have to tell you, as much as i
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like steve, you know, i couldn't be a suck up in that unfortunate period i won't mention i revered him and revered him as my dad revered him because we're from philly. i like what you had to say today. i don't feel so bad about my position and most important the fact that you came on, you didn't need to come on. you could have punted. but you didn't >> that's right. >> thank you so much ceo of wynn reports. >> coming up, cramer makes order in madness in the oil patch. find out which crude stocks are worth the boo-yah next
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for smarter trading decisions, get decision tech from fidelity. at the gbeginning of last year, i was ready to give up on the entire oil and gas industry. major asset managers started unvesting in follow it fuels they started to regard the
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stocks with the same contempt they helped for the tobacco industry and for good reason the firms didn't seem to care all that much about the environment that they were display playing. beyond that, the oil industry had no discipline. every time the price of crude rallied, they start drilling like crazy again flooding the market with excess supply which pushed prices down and caused the cutting of estimates. two months later the pandemic went worldwide and it collapsed that's why i always say it's better to be lucky than good spot prices for west texas crude in went negative last april. there was no storage space left. as the global economy recovered, something changed. something big. this is no longer a drill baby drill business they taught them how to be disciplined. i never seen it like this. rather than pouring all their money into production every time oil prices go up and, of course, borrowing money, now they're
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holding back on drilling and instead returning that capital you to, the shareholders via dividends and buy yabooks a it's a remarkable thing. i think we have a new dynamic in the energy space in a positive way. tuesday i saw a great piece and at the company frequent and runs and entitled, because he likes to start with songs, where has all the cap ex-gone? investment down despite rising prices and cash flows. the investment down despite rising cash flows. this piece makes some great points ever since the price of crude collapsed, it just hasn't been able to rally because these guy have no discipline whenever it liked like oil would be down, they turn price ands ruin everything. a rally above capital spending r rates doubled. now it looks like maybe it's the
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pandemic they have not done back to the product of waist of the 38 companies they follow, they're actually down 3% versus last year with oil, much higher they're spending less than 60% of what they spent when oil broke out above 70 in 2018 yeah as long as they don't flood the market with new supply and saudi arabia does the same thing, they're holding back because they pay big dividends, oil prices can go higher in that ok, you know what? holy cow, we had a bunch of them on i really like them they changed their ways. he should be willing to own some of the newly disciplined oil producers. so i'm going to go through my favorites. you have been asking me saying, jim, give me best. simply the best. tina first, the variable dividend plays. that starts with dvm, devon
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energy largely they were first producer to implement a variable dividend plan they gave the investors a cut of the profits rather than just a set payout the best performer today and led the s&p 500 more than any other stock i know this year in each individual day you know why because this devon is the brain child of one of the smartest people i ever had the privilege of riding in a helicopter with this is the brain child of ceo rick muncreef. he took over ceo in january. after the company merged with wpx energy that was smaller he got to run the company. we lost spoke with him in august rick, you're invited back on right now. that's how smart you r he explained that the company has a whole new mindset. rather than borrowing money and drill like crazy, he wants to reward shareholders.
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the stock giving you a quick 31% gain since that interview. even after this run, like it based on the way they calculate the variable, it works out to be the best yields in the s&p 500 hau, how about this one? long time cramer favorite, pioneer. it jumped on the variable dividend train 75% of the free cash flow to shareholders. last month they moved up the timetable and started paying it almost immediately plus pioneer has great assets in the basin. they're worth a lot more as long as the industry remains disciplined about production scott sheffield cares about the environment.
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finally, diamondback energy. they will have buy backs for the moment, diamond back prefers buyback. they just announced a repurchase program. once it goes high enough management says they'll rollout a dividend since then, this thing is on fire it has more room to run. wow. what if these independent outfits are too risky? i get that say you want a stable dividend that is out of cash. then you've got chevron. that remains my favorite even when i hated the oil complex, i still like chevron. it is just that well run always has been. "ot" not only are they disciplined about production, they got involved in climate change they laid all of this out in great detail us sustainable aviation fuel.
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we spoke to the ceo last weekend. he told a terrific story bin vesting earlier stage energy technologies that could potentially produce big returns. i think that's a better use of the money than renting more oil rigs plus in the meantime, chevron is playing in the bountiful and safe 5.4% yield. someone said to me after he said where is the green mark? i was going to slug the guy. i really was i was going to slug the guy. did you even bother to listen? j.p. morgan downgraded because they think he's spending too much money keeping his company clean. i should have hit him. i don't do that anymore. finally, we got a bunch of smaller special situations that might be worth consideration dl is denbury resources. it is a major player in carbon capture. that is the kind of thing chevron is spending a fortune on you have tellurian export play. building big terminals you need to ship this stuff overseas little dollar stock. and it is much more expensive in
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europe and asia. you have to freeze it if if you want to transport it by sea. it's up a quick 13% since we spoke to the founder last bust not least, another one that is a mixture, chevron a little bit of the other guys, conocophillips cop. they sell assets for $9.5 billion i love this situation. it was a for sale. they say they need to cut the carbon emission business 45% before 2030. that's why they have gone up they want to cut carbon? we'll give it to conoco and they win. conoco is pretty well run. i think they can do a better job with the oil rich assets the i wish they would come on our show they almost have a 3% dividend now that oil industry learned discipline, i think prices could
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stay elevated for a long time. that means the rally of the oil stocks is amazing this year, far from over. and you should welcome any of these into your portfolio. how about we go to stewart in new york ste stewart? >> caller: hey, jim. >> what's going on >> caller: really. in the market and outside of the market >> yeah. >> caller: let's talk oil and gas. which is a hot topic >> i just did. that let's do that >> caller: serious shortages in natural gas around the whoeld world and eqt seems very, very undervalued. you think this baby takes off? >> i like eqt very much. pittsburgh based used to have them on all the time i don't know what happened i think it's a very good stock i like cabbot though you go with cabbot i've been to see the rigs. rather nice. can i speak to mark in iowa?
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>> caller: boo-yah to america's stock market dad who gives great advice about investing >> thank you thank you very much. i need that today. i've been at war now i'm going to win at war. i don't start one unless i win sticks and stones may break my bones, that's why i carry nuclear weapons. i've been under attack so this is nice to hear good let's go to work >> caller: okay. i'm also an aa, action alert member >> yes yes! >> caller: i listened to the whole call today >> thank you that was a tough one at the end. >> caller: yes, it was okay, with no utilities in the portfolio at about $11 off the 52-week high and it has a 3.58% dividend, would you recommend aep, american electric power >> he is so good you no he what mark, if you -- if i read your question today for the conference i would have had to say yes. you know, interest rates were up big today.
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aep is such a remarkably run company. by the way, very environmental of it's only the states that have kept them from building more wind facilities the states, not them they rock. okay we have a whole new dynamic in the energy space i think prices can stay elevated for a long time which means you should own one of these names. hey, $3, totally spent nice yield good assets. fastest growing. sheffield. and rick moncrief, what a helicopter ride. much more "mad money" ahead. could this morning's ipo be a smart investment and then the semiconductor shortage is insane some revealing what our business and government need to do to correct the problem after today's chip supply crisis meeting at the white house i'm right, maybe if they listen
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they could be right too. how about that level of arrogance? and all your calls rapid fire in "the lightning round." so stay with cramer! in 2016, i was working at the amazon warehouse when my brother passed away. and a couple of years later, my mother passed away. after taking care of them, i knew that i really wanted to become a nurse. amazon helped me with training and tuition. today, i'm a medical assistant and i'm studying to become a registered nurse.
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in filipino: you'll always be in my heart. 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. experience amazing at your lexus dealer.
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the fast and furious ipo market keeps going we have a surprising number of deals this week and doing well toast. i worry about the new stock supply created by the ipos i can't deny some of the stocks deserve a closer look. let's talk engage smart. a software service company with a whole suite of different platforms. they came public with a bang today. stock price at $26
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i can see where the buyers couldn't resist. this company has fund-raising software electronic billing software. health care oriented software. patient engagement and electronic health records for individual practices put them tokt and you have a nice business. 59% revenue growth solid profitability. unfortunately it is now far from cheap. the levels are trading more than 20 times sales profitable cloud plays impossible to come by. even if you don't like it here, worth a closer look. maybe it comes in for a pull back last check under the hood, the ceo of engage smart. mr. bennett, congratulations on the deal welcome to "mad money. >> jim, great to be here appreciate it. >> okay. so let me cut right to something, bob maybe it will put things in context. what does it mean when you say this shouldn't be that hard. >> well, we consistently run into opportunities to improve
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the customer experience. you know if, you're trying to make an tappointment, you pick p the phone and leave a message. they call you back while you're on the phone they leave a message you go back and forth playing phone tag until ultimately you're able to get somebody on both sides and align the calendars. we replace the types of things with simple online calendar where you can select your appointment, hit submit, get an immediate confirmation and a rem reminder the day before and a calendar invite and the option to take that appointment by te le telehealth and eliminate pape eastern the paper checks those types of low value interactions between customer and the customer's clients. >> i have a parking ticket recently in pennsylvania and i literally said now what the heck do i do i mean, like, i do pay it? i do not pay it? what do i do i sent it to my assistant.
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i said call doylestown maybe they'll forget i mean, no this is america. this is what happens you solve these problems >> that's right. that's right and the city of boston as an example. we actually attend to theonline payment of the parking violations i don't put the violations on the cars, jim. i'm just in the receiving mode trying to simplify the process of paying those. we do have a lot of tickets that do get paid through -- to the city of boston through our service. >> i can venmo >> we actual i had provide venmo, paypal and credit and along with -- you know, all the credit cards, discover, mastercard, visa, american express, and so forth. >> i want to make sure people understand this is not a software platform. this is a family of software platforms. they're up against salesforce. i don't know if i want to touch this one the fact is you've got multiple
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buzze buzzes going and they're growing very well. >> yeah, the simple practice solution has over 110,000 clinicians using the solution. and literally healing the world one patient at a time. through mental health professionals, you know, social workers, marriage counsellors, substance abuse therapists, psychologists, but also physical therapists, nutritionists, dieticians, very large group of speech language pathologists and really they're doing bsh we're eliminating their administrative burdens and a a. loug them to focus on their customers and their clients and giving them gift of time to focus on the business without the paperwork everything from patient intake through setting up appointments online through the electronic health records and insurance claims, billing and collections,
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100% paperless >> now what happens with the money you get, the stock you have because i think that there is a lot of different verticals that need rationalization that are really out there even in the existing vertical that's we're in today, we're less than 1% of market share and we believe we have the best true sas meaning single instance multitenanted solution available in our verticals so we have, you know, we're committed to long term product leadership in those verticals. we're less than 1% of market share. a little over $200 million we have scale. we have profitability. and we've now got a lot of more resources to continue to innovate to maintain that product leadership because if we don't disrupt ourselves and obsolete our own solutions in our markets, someone else is going to the so we're paranoid about it every morning. >> i like that i did -- i was a lawyer at one
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point in my career you're supposed to ask questions. always knowing the answer. general atlanta sic is a huge, e sponsor. how much stock did they sell in the deal >> zero. they're with us for the long >> well, general atlantic made a lot of money from people who follow along almost every stock i ever recommended they've done has made a fortune for people. i don't think this is going to be any different i want to thank you so much, bob bennett, founder and ceo of engage smart thank you for coming on and congratulations. >> thank you, jim. appreciate it. >> i'm so tired of money losing companies that i have to say i like them because they're hot. you know how great it is to have a money making company with such good background and been around? did that seem like a fly by neutral? night? no, it's a real company. and you no he what it's about time. a lot of stuff that is coming public, i can't recommend. "mad money" is back after the break.
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>> coming up, a storm is coming. so give us a call. cramer's got the answers to all your burning questions "the lightning round" is next. that building you're trying to buy, - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. you see it. you want it. you ten-x it. it's that fast. if i could, i'd ten-x everything. like... uh... these salads. or these sandwiches... ten-x does the same thing, but with buildings. sweet. oh no, he wasn't... oh, actually... that looks pretty good. see it. want it. ten-x it. yum!
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new customers get our best deals on all smartphones. that's right. but what if i'm already a customer? oh, no problem. hey, cam...? ah, same deal! yeah, it's kind of our thing. huh, that's a great deal... what if i'm new to at&t? cam, can you...? hey...but what about for existing customers? same deal. it's the same deal.
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jersey. >> we beat them four straight years when i was coaching. >> caller: big shoutout to the sun's diner. i daut a stock you recommended a while back dynavax technologies >> it's good i love the little drugstoreies including allergies. i shouldn't have given it to jimmy. best fries in jersey may i make a point i got to tell you, the corn beef hash, to die for bob in illinois. bob? >> caller: boo-yah, jim. >> what's going on >> caller: a while back i got into news corp i wrote it up 10 points. started to attack, you know -- >> yeah. it's coming back i did a talk today i think the stock is going to be $22 a share this year and going toearn $20 next year
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should sell ten times earnings that means you're going to get a double buy, buy, buy, if you hold on to news corp. i believe that i know most people don't gary in connecticut. gary >> caller: thank you, jim. thank you for taking the call. i love amrn. zb . >> this is a niche okay, let's describe this. this is a $5 stock that might get a bid or might go to zero. and that's how you have to look at it. and that, ladies and gentlemen, including people from new jersey who are going to go summit diner is the end of "the lightning round" ose sight of the big picture, even when you're focused on what's happening right now. and thinkorswim trading™ is right there with you. to help you become a smarter investor. with an innovative trading platform full of customizable tools. dedicated trade desk pros and a passionate trader community
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right now we have problems that are tangled up in our relationship with china. supply chain disruptions, port congestion and defense of allies in the pacific right now president biden is holding a summit i think the approach is ridiculous i can predict how this meeting will go. all the business leaders listen to each other. intel ceo will make some great statements because he thinks he's the king of the industry for the entour semiconductor group as though intel is it still the most important player in the business. the big guns will be there, ford and gm to samsung, apple, semi i think everybody involved is on the wrong track. the white house is trying to include $52 billion in the budget to start manufacturing s s semiconductors in america. it's been all talk for industries they want them to pay for as
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much of as possible. they won't start spending until they know they can get a check from uncle sam of that's no good. congress can't pass a deal to fix bridges and tunnels. how are they going to pbillions into an industry that has deep pockets. i see two approaches if they can recognize that the con taunerships are stuck in west coast ports, logistics crisis is endem uk and should stop hoping for a quick fuchl. there fix. there is nothing we can do to help the industries in two years. we have to adjust to a reality it is much harder to get goods from point a to point b. that's why the company needs semiconductors to just plan their own manufacturing facilities to end the madness. the chips they need are so low end versus the high performance chips it's hard to match an manufacturer and the smamarket too low. you need a collaboration making
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older chip -- by the way, global management sold chips for the military in upstate new york ford just lost $2 billion in sales thanks to the semiconductor shortage there is a factory in israel that has almost no employees once you realize the chip shortage is here to stay, can you do something about it. they make a way to make them their own or design dumber products, not dumb, retro. so what about washington someone in the room needs to explain this situation is going from supply chain madness to defense desperation. they make the simple and vutal chips we need. forget the auto industry the military needs the chips too. which issy wonder why the heck is this a civilian issue we should treat likt a defense issue. biden wants $75 billion, stick it in the military budget. and they probably can't take over taiwan without setting off
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world war ii, they can make life difficult for the economy. china needs chips too. that's why they're trying to buy a lot of machines from asm holdings and dutch company to manufacture stuff you really need them. they're like $150 million buses. but our government is blocking that transaction they're worried taiwan will cut them off we should be worried about taiwan being cut off that is why our government needs to start getting serious about building semiconductor foundries as soon as possible. by the way, where are the generals and animals in this stuff? can they be so on tus? i expect this meeting will happen and there will be no change most of the chipdz will continue to be made in taiwan or saouth c korea. i expect them to take over little islands while they try to destabilize die juan's government look what happened in hong kong. this chip shortage will get worse. we'll have no chips or the price of oil will go through the roof. the semiconductor market is not going back to the old normal unless we take action.
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unless our leaders change course, i don't sigh that happening. they just don't get this seriousness of this situation. washington, it's not about cars. it's about weapons i lukike to say there is alwaysa bull market somewhere. i promise to find it for you case of gabby petito i am shepard smith this is the news on cnbc >> wanted by the fbi an arrest warrant issued for brian laundrie the major development related to the death of gabby petito, plus the last known sighting of her alive. a mass shooting at a supermarket outside memphis. more than a dozen victims, at least one dead what police say happened. >> horrific. i have been involved in this for 34 years and never seen anything like it. th

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