>> yes, consumers flush going into christmas i think target can handle it all. >> guy >> i'm going to mcdonald's and googling my mission is simple, to make you money hey, welcome to "mad money." just trying to make you some money. now if you're tearing your hair -- if you're tearing your hair out trying to figure out what's driving this market, you are not alone.

that's true on day like today with the dow gained 91 points. the nasdaq ke clined -- declined .24% we're discussing how business for social change. it's all right i don't know when natural gas will stop going up

the stock linkage is real. why are bond yields going up large part prices keep soaring maybe bond yields can come back down which would then bail out the tech stocks so many people love that played out between 4:30 this a.m. and about 10:00 a.m. when the -- if natural gas breaks down below $5.50 even though there's no direct connection that's how this market works for

this moment. natural gas has been rallying in this country for no particularly important reason we have more natural gas than when he know what to do with some of the less responsible still burn off their excess supply when no one is looking because it's cheaper than finding new storage space. tons of gas is trapped in ohio and western pennsylvania they would be if we didn't have the price of the commodity lower. you have to ask why is it land locked let me give you real life example.

it would have come close to a form i used to own my ex-wife and neighbors were against it i probably would have been too i might have told mr. chows that apple and amazon went down stocks are presumed to be much less it's very upsetting. this is a vertically integrated eyeglass maker with a bunch of

brick and mortar stores. i think it's a good company. i told you not to touch the stock above the reference price. all this nothing has changed since then the people today are a bunch of suckers. about five years ago i had a cup of coffee at a place culled dutch bro in ashland, oregon they got these kiosks in parking lots and they remember wrour drink from month to month.

i know, adjusted their possible. give me a break. it makes no sense. sense don't matter people are there for the style they have a army of hip sster customers taking over brooklyn it has fewer than 500 stores i never got to spend that amount of time with my daughter up in ashland. the annihilator when i hit that town on friday night i didn't have to go to sleep

until sunday you could argue that moment and that social security black on the way down, plus it's easy worth $7 billion people cheer for football teams with no chance of winning. stocks aren't football teams they get started immediately it would be nuts for them not to employee out of as many shares as they can. it makes this thing yellow at

the top of your lungs. hey. newly public stocks trade on style points for annihilatannihs they are part of the lunacy of the moment sure then again, it's crazy that i believe in the long waited rematch of the fnew england patriots bryan in indiana hey, hey >> caller: i really long term concern with teether if you're a long term bit coin bull, what do you think of buying strategy on that michael adds bitcoin to balance sheet and increases -- >> just go buy bitcoin

you don't flow what sailor will be up to he's just a guy. i'd be much more confidentable and recommend the stock price. i don't know why he will keep buying the stock i'd rather dollar trade. just mention that because it's up a lot how about flnick in rhode island >> caller: how's it going? >> not bad how about you? >> caller: this club member is doing amazing today. thank you. the stock has been a little rocky. is the stock of american eagle worth holding onto >> yes i went back and forth with matt. nothing has changed. it's still real good thank you for showing the patience because it doesn't seem like it's good but i'm banking with it. okay are you confused about what's driving this market? you're not alone

sometimes you can't understand whaes controlling the market even though i love eddie and my daughter goes, hey, i can't play the music anymore. the street chipped away at the tok today. i'm putting the stock to the test walmart now says buy now, pay later. layaway plan this holiday season good for the consumer. the latest on the news from the company ceo. stay with kramer

give us call at 1-800-743-cnbc miss something, head to madmoney.cnbc.com. machin

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for san franciscans. we're proud to have built the city's recycling system from the ground up, helping to make san francisco the greenest big city in america. let's keep making a differene together. . what happened to the stock of micron. they have been tripping over themselves lots of doom micron reported, wt numbers that every one was concerned about. the forecast wasn't deet that's why the stock pulled back hard last night. the stock made up some of the losses and only finished the day today down 2%. at one point it was higher than

last night's close while they seem softer demand from the pc market, that's only because the computer companies can't find other components. if you can't find processors, who needs micron's memory chips. it didn't indicate much of rose. that was shocking. it's not what we would be seeing if they had a legitimate demand problem. we got a chance to speak with sanjay >> you have told me over and over again, this is not the old micron what is going on that is secular growth story and they don't understand it? >> jim, micron has driven with technology and product leadership over the course o last few years that reflects in our strong

sales that we just reported which were 37% year of year on revenue and more than 107% in eps. with all the momentum that we have built, there's technology and products to address the secular growth demand drivers. we are also projecting our fiscal year '22 which has just started will be record year for the company with solid profitability. no question that micron is built upon and gaining momentum. we are expected about the future prospects and navigating through the pandemic thanks to our team

you have got high performance computing. it may be a great opportunity here establishing highest performance six x. a new memory at a face called cxl. driving innovative solutions the secular demand drivers

driven by ai, industrial iot, automation, all of these are really strong demand drivers and important thing is in all of these applications the end user demand is strong but also the content is increasing in each of the units. >> typically in the old days, in the 90s when mike ron had trouble, what would go is that first your balance sheet the balance sheet would be bad second happen is a big inventory glut and tremendous gross margin erosion. are any of those things happening now? >> micron's balance sheet is rock solid this we have done over the course of last few years building on the foundation of strong technology. there's been such a charge in

demand we have shift everything. we will have to replenish some of this inventory nrd to make sure we are providing service to our customer of course, we are extremely focused on making sure some of the semiconductor shortages we are experiencing in our own supply chain we're able to overcome them gradually over the course of next few quarters so we can share some of the demand that weer're not able to fulfil because of the supply chain shortages.

it's rock solid and we work closely with global customers to continue to understand their needs and make sure we are managing our business for profitable growth in the future. >> some of your companies have not been able to meet the demand and that's why your first quarter is not as strong as you would like it. >> first quarter in the pc part of the market, our pc customers have been impacted by their ability to procure such matched sets of confidence to fulfill their in demand. let me point out, pc and user demand is strong but some of the pc customers are not able to fulfill their demand because

they are not getting such oil. some of the demand is impacted as they balance out their inventory considerations. it's running extremely lean. shifting the mix of other products towards high value solutions which brings up better margin and closer intimacy with our customers. >> one last question, i believe you're the dean in america

not others others claim what would you say to the government and say to industrials about how to deal with the semishortage. they're looking to you and not others give them advice >> i think it's important they give strong transparency and commitment to the future requirements as well close collaboration with the customers and commitment into the future for forecast it will lead to us working together to overcome the shortages. it's always moving fast.

it just gives you greater availability to supply as well. foe kwus on this and we hope that some of the initiated that are in house currently do get passed soon so america can get going with this agenda establishing strong semiconductor global leadership in research as well as in manufacturing. >> that sanjay, ceo of micron. we'll be back. is eps in this company's dna? kramer sequences the future of 23 and me with the ceo, next machin

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. could the more interesting ones be left behind. take one that's an all time favorite from me. a lot could do a lot with these types.

i'm so glad your company is public so people can buy it. it sure has changed in five years since i met you. >> yeah, the thing that is amazing is how much the business model has not changed. it's always been about empowering people sign up they get their own test. they learn about ancestry and over 80% of our customers opt in to participate in research like you said, we now have 1 1 million customers. over 80% opted into research we have the ability to analyze that data at once.

there's really two sides >> i have to say let's start with the latter. i checked in with glaxo smith-klien. they are working with you on several studies and their collaboration to continue to succeed all kpexpectations it's making incredible innovations plus people who did not know because of their ethnic become ground they were suspect for certain illnesses. this is major breakthrough stuff you're doing >> yeah.

if you have a large amount of genetic data you'll start to be able to make insights that you wouldn't have been able to see what's exactly what happened we have over 40 programs under way. we have a real treasure-trove of insights it's something we will make therapeutics >> i want to point out for those including my wife who took it that she said, oh, my god, what

are they going to do with my data you have the ability to keep the data private and not be part of the database >> 100%. part of my whole experience when i started the company, it was really all about putting the consumer first a part of what i learned is the consumer didn't have much of a voice. there's all kinds of businesses out there that manage your data going from one place to another and more about optimizing health care and getting you from spot one to the other or revenue management 23 and me started with this idea i want to provide my customers choice and transparency at any point in time you know what you have opted into

we'll translate it and therapies that will help benefit for you if you do not want to participate, click here. it's amazing how many of our customers, people want to participate. they just want the respect that they have been given the choice. i did not know the linkage between jewish people. you may not know your heritage this has saved a lot of lives. it's one of things i'm proud of. never would have qualified under the existing insurance

guidelines to get access to a test >> now i know that you are fabulous investor in biotech before you took this job can you explain to me in any way -- i know the stock should be hard but some of the parts is worth much more. i'm trying to understand with this, i believe if you came public regularly then the stock would be liar. i really do. i am mystified by the 8 dollar price. maybe you can enlighten me i can't. >> the feedback i get. it's interesting because i do a lot of investor meetings now with every one even how you started this

conversation, people tend to look at us just as an ancestry company. they say you're just a consumer company. like you sell this ancestry kit. it's like a novelty. i think people don't realize the power and potential of data. we're the only ones if health care that have this direct access with customers. we reach out we like -- it's a model that is really poorly understood i know this based on some of the investor meetings i have it's eye opening to people i do think we're not a well understood story that will take time. sg right i came in from my wife, the partnership is worth $8. ann is the co-founder and ceo of 23 and me. this is a great story. it's a story you have to read. it's not just ancestry

mad money is back after the break. does this company have a firm grip on the future of payments kramer sits down with company that's changing the way we pay, next

it's become the kind of buy now, pay later the stock nearly doubled in pl matter of days last week we learned that walmart is using the firms buy n now, pay later too.

especially since the firm held a big events last night where they introduced a smooth new product and features as well as long term financial guidance. max is the founder and chairman of the firm holding for this terrific story welcome back to "mad money." >> thank you for having me it's amazing to be back so quickly. i feel echl barsed you should be honored the i did some work looking at the investor presentation. i found on page 20 a very small little item that qr code and i put it on and turns oit it's the type of thing you talk about it's a patent.

explain the source of technology and how much of what you have nobody else can get. >> i appreciate that someone got my easter egg. i can't stop allowing myself an occasional prank i think it will change lives for people we're excited about that more than anything social security hey, guys we finally got this thing out it's about we think ourselves intellectual leader in the

space. the stuff we're working on today is probably ten years out. technology is at the core of what we do product shipping is what it's all about. it's a little nod to all that goodness >> i like it i want people to understand how proprietary. you say the great unbundling continues in is not just you doing a pr campaign. what i've been hearing from different merchant s younger people are buying a lot more things because of a firm >> all true. all true we are too polite. we let numbers speak for themselves the unband-undling of the credi

card, if you're buying a bi bicbic bicy bicybic bicycle, a d shirt, you wouldn't put it all op the same revolve balance and you'll never get out. keeping it consumer friendly does give people a sense of comfort and control. >> it's a virtual circle for the consumer and the retailer. some people are saying, jim, you fall in love with a firm there's paypal there's square there's all these different fintech. i say they all do different things they are not the same. this is not like the five credit cards and there's plenty of room for your particular debit plus and plenty of room for the different things that you offer. i think that it is proprietary you are lloyded with good stuff. are you getting any resistance people say i already have paypal i don't need you

>> no. ta hasn't happened to us much yet. literally half the people we surveyed told us, i intend to use mine later for the holidays. this idea of replacing credit cards with buy now, pay later is going plmainstream it's less than 5% of u.s. commerce if you look at the demand and the actual penetration, it's going to be a long time before we start bumping into other players and saying what do you have and what do i have. our consumers love us. we're unique in the sense we charge no late fees. we're extremely focused on consumer delete is what creates this trust based relationship 37 i think there's a long way to go before we start playing a zero sum game >> last question for you, is it someone, another person that i

like your company said, interest rates. ten year move in a 6% move last week, i bet you max got killed i think that's not the way a firm works you sap my credit rate has been lowered because the fed kept their rates pretty low too i'm the beneficiary. i like the points. if the rates really go up a bunch, my zero percent offering will be a lot more compelling compared to your high teens or low 20s. we're better positioned to whatever in general that makes it overtime will go away we believe we're very well

positioned to handle whatever interest rate. >> you know your space better than anybody else. i have to believe that when i see you have a walmart layaway which 200 million people go to each week it's going be big for you, big for walmart and if mastercard comes in, that will not hold back your walmart relationship for the holiday season >> walmart is a fantastic partner. we have an extreme degree of respect for how they conduct themselves and what we have done together there's a lot of great things to build. >> i want to thank max i wanted max to come back because i wanted you in the

story. i think you're the real deal it's great to have you back on that's when you make your money. mad money is back after this it's another day. and anything could happen. it could be the day you welcome 1,200 guests and all their devices. or it could be the day there's a cyberthreat. get ready for it all with an advanced network and managed services from comcast business. and get cybersecurity solutions that let you see everything on your network. plus an expert team looking ahead 24/7 to help prevent threats.

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then the lightning round is over are you ready? my spot is hub spot. >> it's what i call red hot. it's one of the hottest stocks in the market. i would rather see you in salesforce more seasoned, better. jeff in colorado jeff >> caller: thank you, jim. thank you for all your advice. i'm a long time viewer and first time caller. >> thank you. >> caller: been watching you since 2007 my question is on spot works >> i say okay, that looks a little like it it's really well run steve in georgia steve. >> caller: hey, jim. i've been wondering about old republic international >> what can i say?

don't wonder and start buying. it's the kind of stock i really like it's got almost 4% yields. it's a good business >> thank you you tryly are a great plamerica sir. >> caller: my stock is a chip company based in pennsylvania. it's a low pe ratio. gapds dividend. sgra how are you not bad. how about you? >> caller: i'm doing good. just wondering about qs and how does it compare to the current

lithium batteries out there. >> which one i don't know there's real competition in battery space. let's be a little careful out there. peter in arizona. >> caller: we do care about one thing. that's what's going to happen with gen work stock. i think it's going to be not great. >> caller: interested in a company whose symbol is dmyi it's a spac sdplp i don't know this is a mystery. i cannot opine on that because it's too darn crazy. cecil. >> caller: jim, this is cecil. i'm a first time caller.

>> all right >> caller: do medical incokcorp corporated i bought into an ipo what are your thoughts >> i'm worried about there. periodically it's a meme stock that is not for me i'm not a memeist. that, ladies and gentlemen, is the conclusion of the lightning round. >> the light fling round is sponsored by td ameritrade hot, hot make sense of the day's most critical market in no time flat. stick with kramer. plap

♪ ♪ ♪ ♪ ♪

. what do people want out of a stock? some thrill seekers want excitement some view this whole business as a zero sum game fp

they care about making the other person lose than anything else they are trying to stick it to the man. i often hear it's me as for me, i want something simple from stocks i want boring. that's right no surprises, no craziness. just boring. oppenheimer downgraded morgan stanley. they are more concerned about how the stocks already had an incredible run it's up 45% year to date you have great quarters followed by bad quarters. still see it in other big investment banks some feel that's all goldman

has. we don't understand them they can trip up the bank especially an investment bank. nearly every bank feels a little precarious then you have morgan stanley which is so consistent that it's boring how great is that? 11 years ago james go prman too over ceo it was one of those great american scream machines since then he turned into a sedate investment bank that stopped getting in trouble and started maybing consistent money. it wasn't eeds zi. gorman was in tricky line of business the settlement ar r addressed mortgage backed securities these days morgan stanley is known for buying companies like etrade to boost wealth management almost annuity stream.

this bank doesn't trade that much differently from the others with morgan stanley you get that consistency for free a no alarms, no surprises bank should be wothrth a heck of a l more i think it deserves much higher valuation. that's just the banks. practically every industry i follow is a boring stock there's very few entities more important than johnson & johnson. you stills already boring industry why put american electrical. it stands out for its sleep at night status maybe that's why i like it so much i want to keep the excitement for the stadium. save your clearheer leading fore

home team. otherwise put you to sleep every night with your lack of anything you need to suddenly worry about. if you want to be on the edge of your seat, find another hob pi because that's not good way to manage your money. i'm jim cramer, see you tomorrow a live look in los angeles, where the free britney movement just got a huge victory. i'm shepard smith, this is the news on cnbc the president's economic agenda hanging in the balance democrats at odds. >> we have our differences of opinion. we're not a lock-step rubber stamp party. >> can the negotiator in chief strike a deal before the big vote cracking down on fake news youtube bans all vaccine misinformation critics calling the move a