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

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no, it looks good on you google it is going higher in the next couple days. >> thankfully we can't see with these cameras. i am sure you look fabulous, dan. i just wan >> the matching chaps must be very attractive. nasdaq, mel. >> "mad money" starts right now. >> 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 and i promise to help you find it. "mad money" starts now >> hey, i'm cramer welcome to "mad money. welcome to cramerica other pipeline want to make friends, i just want to make money. my job is to educate and teach you so call me at 800-743-cnbc or tweet me @jim cramer.
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fed chief jay powell, i figured it out give me call, 800-743-cnbc everybody is obsessing about inflation and whether the fed needs to raise interest rates to cool an over heated economy. that is not the issue. what we're seeing now is a revolution in the way people live their lives and that revolution can't be stopped by higher rates. on a great day for the bulls, for the dow gained 338 and the s&p climbed .8% and the nasdaq climbed. i have to put this moment in perspective. i spend a gigantic amount of time speaking to ceo's across a broad spectrum of industries that is highly unusual on wall street everything is divvied up bisector. the person who talks to paychex is different from the guy from form or new court.
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now the federal reserve gets all of the support from the regional fed and they do a decent job but they miss the bigger picture the big story is out there, driving the economic growth and inflation. the fed head wants to view this move through the lens of transient versus persistent inflation. transient means it should have ended by now but we still have relentzless, i'm giving you that not not denying that so let me help you escape from the transient track, mr. powell, this is just the wrong rubric. why don't we start with covid itself which isn't tied in as much as you think it is. at least what it comes to the media. we're discovered a tremendous number of people who have left the work force many for good. who could blame them wall street often forgets that 700,000 people, 700,000 people
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have gotten covid in this country. you can't get this virus spontaneously. someone has to give it to you. the best way to stay healthy is to stop going to work. so millions of people did precisely that perfectly rational decision. i bring this up because the hardest hit fluft industries and the bottlenecks, a few years ago the government changed the regulations on how many hours a truck driver could drive per day because they didn't want overworked drivers getting into accidents. that also make truck driving less attractive. yes, then the pandemic hit and made things even worse it was a one-two punch against the lucrative, lucrative business that was trucking nobody ever worried about shortage of truck drivers before you think that it would push wages up and drive more young people but we see stories about how economists driving will put this whole profession out of business who wants to do a job when it is
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supposed to disappear. when i talked to mary bar, i have to think anonymous truck driver is happening. i won't want to get stuck in this business then and now we have a truck driver shortage and at the containers, they look the truck to take it to its destination. and no wonder that stock has been roaring since it reported but most food and beverage companies don't have enough scale so they raise the price, maybe the raise sticks or not. so how do we solve the truck driver shortage. hirer interest rate are not the answer think the solution is higher pay. we lost drivers because of health and anxiety and that plus the most of the over 60 drivers are retired. but the good thing about a labor shortage is that it is simple to fix. you need to offer people more money. this is a structural issue, not
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a transient one. but because it is not transient, that doesn't mean the fed could solve it if anything it might bet worse in a weaker economy meaning you can't fix with higher rates no matter what the hedge funds tell you. we keep hearing about new and used car inflation and again that is all about health, not spending by drunking levels and raising rates. living in a city and taking mass transit is more risky than living the suburbs and driving a car. peep will go to great lengths to avoid dying. on top of that zoom video made it easier than ever for workers to stay home so you have a combination of a fear of death and reeve lentless innovation that is driving housing and auto inflation that can't be stopping higher interest rates if the wed wants to cool down the housing and market place, they need to find a cure for covid. how about the semi shortage. last year they predicted
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prolonged downturn so they didn't order enough components for cars and trucks. they didn't foresee it why buy more chips when you expect far fewer sales and one of the great ironies, china took a different approach. they still remember what it was like to have constant supply chain problems they figure that business would bounce back and were more optimistic so they ordered a huge number of chips, many i of which i believe are being hoarded. and the semiconductor weren't getting orders to make the lower margin auto chips because the semis made the same assumption, instead they made big machines por chips for high and personal end personal computers and cell phones and for the servers that power the cloud. higher interest rates could create more chips and in the the economy got hammered, i don't see the demand going away for what is being made for next we keep hearing about
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rampant wage inflation again i think that is the result of some astounding short sightedness on so many businesses when people found out they might not be paid last year because their employers were in trouble, they got laid off or left on their own. but not all companies were this short sighted. laura albert kept paying her people even when the stores were closed and when they reopened she had all of the employees we have plastic and that is hurricane driven so the fed can't pitch it unless jay powell controls the weather tough ask. what should powell be doing here i think he should be getting biblical he's been dealt a real job like hand here. people don't want to die they don't want to give up their jobs either but if their job gave up on them, then they want out somewhere else the pandemic changed our behaviors and hardly anyone saw it coming except dr. larry who
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helped device a frightening movie, a contagion, it is so scary. and he has been predicting exactly what is happened brilliant help to eradicate smallpox he knows what he's talking about. he would be a great adviser for the federal reserve. he would give better advice than most of the commentators the bottom line, for all of the stag flation and the '70s, our current bout of inflation is unique prices are going up because people don't want to die they don't want their families to die they don't want long-term health complications. i think this inflation with higher rates but with pfizer and moderna and j&j, powell gets it, he simply hasn't sartic lated it in the way that inflation could understand let's go to will in california will >> caller: hello, mr. cramer from palm springs, california. i'm a long time student but a first time caller and i'm doing great. >> i'm doing well. thanks what is up.
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>> caller: want to thank you for the all positive you've done for my financial portfolio i bought this stock a while back and but my initial investment is down about 40% what your current impressions on pay safe. >> pay safe is one where i did not understand the pernicious pulldown of these companies that were frankly all put together at one time involving payments and so many spac payment plays but i'm with you, the stock is down 50% and it is an expensive stock but i don't know if it should be down 50% i would stick with it because integrated payment solutions remain a very hot area daniel in idaho. >> caller: how are you sir. >> i'm good. how are you? >> caller: very good i have a question. i don't know what category to put this stock in and i also want to know if it is investable roku. >> i think roku is good, not
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great any more because there is a lot of competition in the living room and i also think that when it comes to roku, i'm not saying time has passed but it has to get much more advertising to change my mind and it doesn't have it and there are so many choices to advertise on these days how about alan in kansas >> caller: jim, long time fan. my question is about t.j. maxx after the rally today, i've noticed that since like the end -- the starting of the month it hadn't been doing too well. i wanted your opinion on what you think about that >> the whole cohort has been getting hit. now, i heard a couple of analysts talking positive about tjx today and that was very encouraging earlier in the morning but it is not my favorite it does not benefit from a lot of tourists coming here. i think that you have to stick with what i told charitable trust followers who belong to my
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investment club, best of brief i think that costco, even up here is better than tjx. our current bout of inflation is unique people. it is being driven by covid-ins deuced behavior that aren't hitting the radar screen of most of the hedge funds and i think you could cure it with pfizer, moderna and j&j, not higher rates on "mad money" tonight, after yesterday's decline, is the steel maker ready to shine on the wall street fashion show i'm checking in with the ceo and then lifetime hit the public market today with a thud and with the recent influx of deals, the fit base, does the company have what it takes to lift -- have the stock lift higher i'm running through the ipo to give you my take and talk about down and out. a company called share care came public via spac this and i'm checking in with the ceo of the digital health care and see what the heck is wrong. so stay with cramer.
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>> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer, #madtweets send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com. paola needs a parachute. so, salesforce customer 360 unites your marketing,
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august high. as these levels they're selling for 4.5 times the earnings estimate because their worried about supply chains and stalling demand from china and thanks to the real estate crisis and more capacity coming on new court has been doing well but a lot of investors think this is as good as it gets but less than three weeks ago they announced they will spend $3 billion to build a steel mill in ohio, pennsylvania and virginia, and that is not something you do unless your confident in the future. but don't take it from me. let's dig in with leon, the president and ceo of new court welcome back to "mad money." >> thank you appreciate you having me today. >> one of the things i want to get off the table first. there was a downgrade yesterday, things are as good as they could get. but we've seen cycles that last for very long time big steel cycles and they don't get as good as they get as soon as some of these naysayers are.
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the history of new court is for much longer cycles, isn't it >> absolutely, jim and again through the cycles over the last 25 years, typically when we see this, it lasted one, two, three years however, i would tell you, it is not just a market cycle that i'm excited about and would tell you and your viewers, our best days are absolutely in front of us. the investments that you just pointed to are a launch of iconic which is a family of net zero products. our cash position and the confidence in relationships with our shareholders, at the end of the day the green and digital economies are going to be built on steel who better to do it with than one of the cleanest steel makers on the plantet. >> you talked about this new greenfield sheet mill. that is been used against you. they are put ug up capacity and that leads to the end of the cycle. i think how much stock you bought back in the hundreds and
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the fact that you've had a better handle on what is needed and what is not, the idea that this greenfield steel mill will overwhelming steel prices to me seems fanciful. >> our organic growth projects, i couldn't be more excited about the sheet mill it is getting bigger or adding capability to serve our customer base this mill will target high end automobile customers and moving up the value chain so this is a differentiator and we believe will have a unique opportunity to serve that market with a cleanest steels in the world. >> well let's talk clean we have been adamant on "mad money" that companies have to take the earth oz a stakeholder. when i look at new line of products, net zero steel products and you use scraps, you have to be one of the leader in manufacturing in the world.
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>> without a doubt and our carbon foot print is about one fifth the integrated world average and we've made a commitment by 2030 to reduce that so this launch that we announced this week to provide the first net zero steels at scale and partnering with general motors is an important first step and that partnership and i couldn't be more excited for general motors and our additional customers that will require them thto meet their net zero goals for their customers. >> i spoke to mary barra yesterday, and she needs companies like new court to deliver on their end if she's going to meet her targets and given the fact that you use scrap and have been very thoughtful about what you go into a plant, it is a way for her to be able to meet her goals. >> absolutely. and we're really excited about that as you know we're the first eaf producer to receive the gm
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suppliers of the year award. we've done this now back-to-back to back years. and that is going to spread. that is not just the auto industry many customers are calling and asking for steels today and that is a key differentiator for new court to be able to do that. our investments in the virtual power purchase agreements really providing unique back drop for new court to bring value to our customers and our shareholders. >> so one of the things that i've been saying to people is, look, you may see it four and a half times earnings and think it is the future earnings, there have been a lot of times where it is the opposite though. there has been a lot of times when people have been saying, you know what, $20 goes to $10 or then to 22 or 23. is it possible that earnings stay strong and instead of being cut in half, they might be bigger next year. >> without a doubt and we announced last quarter that we anticipate this quarter
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to be a record we'll see in a couple of weeks where that comes out but the future for new corp is incredibly bright. the investments we're making today are strategic long-term investments and again i believe our best days are in front of us >> how does a new court stack up versus the newest and best chinese plants >> you know, again, jim, we're about one fifth of the global average. and so typically we're a quarter to a fifth better than the average integrated producer in the world. so new corp compared to places like china, there is no comparison we are light years in front of them >> that is important because we have so much money going to esg funds. i can't think of another industrial or another steel company that could measurer up so you're getting calls from some of the funds to check to see what your ratios are. >> yeah, absolutely. and we're getting calls from our customers with a launch of
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iconic this is going to move rapidly through the business, to your point, and it is the right way, our customers like gm and many others in the oems need net steel supply chain to come into supply to meet their goals within their company so we are well positioned. our new mill somewhere in the midwest is going to be poised to continue to serve that and again, jim, there is a fund. al structural change in our industry, and the supply side was very different than it was two or three years ago so again, that is a position that is going to give us strength as well as the trade position is very different than it was three, four, five years ago. much stronger and it is not because of 232 it is because we've won long-term trade cases that stay in place for five years. so even if 232 goes away, we are better positioned than just five
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years ago. >> this is what i waned to hear. it is why the trust owns it and telling club members this is the one to own great opportunity. leon, thank you so much for coming back to "mad money. >> thanks so much, jim appreciate it. >> the president and ceo of new corp we have plenty of information in our bulletins about how special this company really is what a great time to buy as we've been telling you "mad money" is back after the break. >> coming up, could a fitness doc end up being the opportunity of a lifetime. cramer skips leg day to get you the latest on lifetime group, next
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we've had way too much ipos for way too long but in a terrific moment for the averages, we're finally getting good news on the deal front too. the good news is that wall street is running out of patient for initial public offerings and then you get actual opportunities. take the fitness base. since july we've had a slew of fitness ipos to exponential business to today's lifetime group deal on top of the existing peloton for equipment and planet fitness. i warned you to stay away from peloton which is now down 27% and caution that s 45 could experience major volatility thanks to the delta variant and sure enough the stocks are pretty much flat after pulling back hard in the last month's lows planet fitness is doing well but even though i told you it had to
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be bought in weakness. it is up a quick $6 from there it is got a very good diversified franchise model, but there are still issues i'm not trying to toot my own horn i bring this up to set the scene because we're supposed to get two more fitness related ipos this week. i-fit and lifetime group holdings and that is a high end gym chain. but the market's appetite for the deals is starting to vanish because we've had too many i-fit was expected to debut but it is postponing the ipo due to adverse market conditions. those are the words you want to hear if you think the market would rally. so we only have one fitness ipo, lifetime group which went totally under the radar screen just obliterated lifetime public offering price at $18 but they cut the size of the deal from 46 million shares to 39 million.
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but the stock opened down almost a buck sand a half at $16.75 before closing at $17 and change still down from the ipo price. that is bad news if you already own shares i think it is great news for the rest of us i am sick and tired of ipos where stocks soar right out of the gate with only a little bit of stock is for sale and only the big cats get the stock i would hunt for the overlooked deals that failed to get traction right out of the gate does that mean lifetime is worth taking a look. absolutely unlike planet fitness, it is a high end brand their staggering they have 150 locations that -- a few more than that, that are laid out more like resorts than gyms it is a good story as the delta variant subsides and americans get back in reopening mode they took a huge hit during the worst months of the pandemic they were over $850,000 to
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barely half a million at the end of last year but when covid was at its worse, they launched all sorts of digital services you could get a digital membership that lets you download workout classes over the web. plus in recent months lifetime has come roaring back. at the end of july it was back up to 674,000 as they switch back to in person. i think it is incredible to hang on to so many customers even when they weren't allowed to operate for decent chunk of 2020 how about the pesky financials obviously the numbers got crushed this year. but from wall street perspective, that just means they have easy comparisons long-term lifetime groups got a solid track record of revenue growth thanks to the expansion across the u.s. and that is recurring because at the end of the day this is a subscription business, from 2000 through 2019 this coop grew from $94 million in revenues to $1.9 billion.
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they've grown their footprint by 45%. and this lifetime was solid before the pandemic. this is not some poorly understanded tech start-up, it is a straight business doing great until covid dehailed the industry and in a interview with morgan brennan this morning, the ceo sounded very confident about quickly getting back to 2019 levels of profitability. i pulled up with him after i left squawk on the street, i felt similarly if lifetime to get back to where it was in 2019, then this is an attractive business and they have a lot of catch-up room. and like so manyprivate equity bank deals, lifetime has a lot of debt. even if they used to the proceeds from today to clean up the balance sheet, they still have a big load. not terrible but not great market capitalization at $3.4 billion with an enterprise
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of about $5 billion. that is the market cap plus the debt as enterprise value it is what you have to pay to acquire the whole thing at the current stock price. like recent ipos we don't have to value lifetime using the sales numbers even if it is too premature to look at the earnings per share and instead we use the enterprise value to earnings before interests and taxes and amortization and ratio. and a good judge with not so hot balance sheets, based on our back of the envelope estimates lifetime could generate $345 million in ebidta next year and that shows a multiple at 14. compared to that planet fitness, the only publicly traded gym train that i like and that is a multiple of 27 now unless our estimates for this company turn out to be way, way too generous, that means lifetime group is the cheaper stock. that is enticing i think lifetime the company is better than planet fitness because it is aspirational
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the locations are beautiful. they have fantastics for the kids to hang out while the moms and dads work out. we belong to one and it is truly spectacular. plus we were recommending this stock way back in the day before it went private. roughly six years ago and it was a huge winner. and a previous incarnation now it is back with a great gross story. especially as the world reopens. are there some issues? sure i don't love the balance sheet or that lifetime has been expanding in co-worker spaces and apartments trying to roll them into a fitness eco-system feels like a tad of an over reach. if they want to expand, they maybe they could acquire and rename the high class gyms rh sweat, bum bum but the bottom line, i think the gym business works as the delta variant subsides and because lifetime group ipo fizzled today, you're actually getting some decent risk reward with great management, don't forget
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gyms to help you when we have a pandemic and the ceo himself teases classes. to the to mention grouse facilities like the one right next to me at the stock exchange and a ton of room to expand. mark in florida, mark? >> caller: hi, jim i'm enjoying the emails from your investing club. >> oh, thank you we are pouring them out trying to get everybody to understand how to be a better stock picker and owner. what is going on >> caller: my question is about dick's sporting goods. it was at about 148 a month ago and after becoming a partner with the wnba and the university of tennessee, it declined steadily to where it is now. independent analysts rate it very highly. do you think it is a buy at this level? >> yeah,he saw the big drop an i said oh, give me a break it is doing very, very well. think it is a buy here we're seeing some strange presser in some of these apparel companies and i think it is
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wrong. mark, i think you should buy let's go to clark in washington. clark? >> caller: booyah, jim, clark, from long view washington. >> what is happening. >> caller: bought a stock, good ce and a lot of cash and buy it back and dividend, insiders own most of the stock, winter in christmas is coming fast, your opinion on columbia sportswear. >> i saw the downgrade this week and i said the stock has come down a lot i don't want to downgrade it think it is a buy here he think the boyle family does a terrific job and you use the weakness to pick some up but do it gingerly because ame-- apparl is not doing well. levy's have the same lifetime group, lth fizzled in
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the first day of trading so i think you're guesting some decent risk reward here and when is the last time i recommended one of these kind of stocks and thanks for the kind words about the club use this qr code to join i'm getting a lot of good feel from people all over the place many ceo's, too. much more "mad money" ahead. including my exclusive with share care could digital health tools be here to stay in a post pandemic world? i'm talking to the company's stop brass and then tons of companies are committed to carbon neutral future who is for real and who is just green washing? i'm taking you to a company with a true commitment and then sharing with the investment industry could do as a whole to reward the real players and i have all of your calls, rapid fire in tonight's edition of "the lightning round." so stay with cramer.
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as we get further away from the spac meltdown this spring, we have to settle back and see if any of the spac names that have been thrown away are worth owning now that the stocks have come down big from the highs take a company called share care which is a digital health business with services for enterprises and health care providers and consumers for the goal of taking down barriers getting people personalized care share care's high-profile blood lines from web md and dr. oz, has a 20% growth rate and healthy margins but the stock hasn't caught on after jumping into 12 box and the peak in february, share care stocks sank to just under $6 in august
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since then it made a come back rebounding to $8 and change and that is down substantially from what anyone would have imagined when it was announced in february so this is a good opportunity. let check in the co-founder of share care mr. arnold, welcome to "mad money." >> hi. thanks for having me. >> jeff, i go and look at your website, i read the notes and i come back and i say, well this one sounds like a lot of other companies that are saying, hey, if you take us, we'll help your health so tell me what are the differentiating points and the moats, the barriers that make share care more worth owning right here, right now? >> it would be my pleasure, jim. i think we're very differentiated we're a scale digital health platform that operates under kind of four key pillars first is digital navigation. and we've had over 50 million people take our health risk assessment and we take our predictive analytics and our ai
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and we build a digital twin on you and look at that and say what is the likely cost to care and what is the likely outcome and then once we know that, via the data, our three other pillars are all based on interventions. so the second pillar is around digital therapeutics so whether it is for maternity or back pain, we have something to offer you to keep you on the right path the third pair is around multi-pair advocacy. so how could we become the one stop shop to help with care management and then the last is how do we get into the home. we have 450,000 tech enabled caregivers and we think those four pillars is what really differentiates share care along with its scale >> okay, so i'm the chief spokesperson for the american migrate foundation you mentioned migrate. if i want to like it up on the site, what happens because there is so much misinformation about
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migraine but so many could figure out what is going on. >> yeah, no, i think that is a great point. and there is a real need for it. and we take a few different approaches one is we now announced this week called unwinding and the approach with migraines and with anxiety overall is all through mindfulness. and we have an m.i.t. neuroscientist that we acquired and runned the mindfulness lab at brown university, something our clients are asking for and we find amazing outcomes, all evidence-based and in addition if february we acquired a company called doc ai and it is how to go to research to care, by using predictive analytics and ai and modernizing clinical trials so people like with the foundation that you're involved with, have access to new care and when i look at like what happened with the vaccine, there is opportunities going
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forward to create our version of operation warp speed where we could get people with migraines into clinical trials using ai and modern techniques to get to cures faster. >> that is amazing that is the biggest problem. is recuting and having people to come in and having the right people because people come in on a study, some of the studies that i've worked on, and 100 people come in and only ten fit. and if they knew what fit, it is unbelievable there is a holiday that my family celebrated. it is world mental health day, it is this sunday october 10th what do you have for us. >> we have unwinding it has amazing outcomes and it launched this week and is available to all of our health plan members which is 8.7 million folks all of our employee clients and we put it in the app store for consumers as well so that is available as after this week and we hope people take advantage of that and it is very timely as you mentioned. >> i love the fact that you're
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integrating something that people don't talk about enough with health. which is money the worry of money and that causes the most stress. i know that, yes, injury causes stress but most people worry about money. and you're addressing it head on >> yeah. well yeah, financial stress is the next diabetes. so at share care we look at whole person health. your physical health and your mental health and your financial health and your sense of purpose and community. we spent over $90 million to collect data at every zip code in america to help people understand that their environment is as important to their health as their genetics. >> wow i know we have 23 and me i like this as a companion or in many ways a much bigger game of thought here you've really kind of fluffed this thing out i like this stock. i don't understand why it broke down jeff arnold, co-founder and chairman and ceo of share care thank you for coming on the show >> thanks so much, jim
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>> this is a bit of a mystery, guys they have a lot going and no one is talking about it but that is the problem with the stock market these companies become public and some are good and some aren't and you get some at a big discount at times. this is a nice discount. i like this. "mad money" is back after the break.
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[swords clashing] - had enough? - no... arthritis. here. new aspercreme arthritis. full prescription-strength? reduces inflammation? thank the gods. don't thank them too soon. kick pain in the aspercreme. i just became eligible for medicare, and i'm already confused. a, b, c, d - who can keep it straight? and how do i know which plan is right for me? i just called humana; i talked one-on-one with an agent who really listened. she made it easier to understand. you should call too! so i did. the agent got to know me and suggested a plan to fit my life. turns out an all-in-one humana medicare advantage plan includes coverage for hospital stays, doctor visits and prescription drugs. really? most plans include dental, vision and hearing too. my agent told me i could save money on prescription drugs. and most plans offer an allowance
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for certain over the counter items: vitamins, pain relievers - which could save me even more. oh! it's not just health care, humana offers free online classes at the humana virtual neighborhood center. oh! i learned some great tips for better sleep. and these humana plans offer telehealth coverage. so i can connect with a doctor from my couch. turns out i can get all this coverage, including prescription drugs, and humana has a large network of doctors and hospitals. my doctor was already in their network. oh! and i stay covered in emergencies, even when i travel to see my grandkids. oh. and the best part is a humana medicare advantage plan can give me all that coverage for as low as a $0 monthly plan premium. can you believe it? really? i'm so glad i called humana, they found the right plan for me. humana really makes medicare worth talking about. now it's your turn. call the number on your screen and talk to a licensed humana sales
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agent about how you could benefit from a humana medicare advantage plan. we'll take the time to get to know you and give you all your options. and you'll get a free medicare decision guide just for calling. there's no obligation, call today. humana, a more human way to healthcare. paola needs a parachute. so, salesforce customer 360 unites your marketing, sales, commerce, service, and it teams around her. so they can deliver a great experience from anywhere. ♪ (whistle) ♪ >> announcer: lightning round is sponsored by td ameritrade >> it's time it's time for "the lightning round. and then "the lightning round"
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is over. are you ready skee daddy starting with larry in maryland. la larry. >> caller: hi jim. this is from baltimore i have been interested in a stock called myn -- they're specializing in products that relieve pain and also inflammation and studies about [ inaudible ]. >> it is very, very speculative. which means to me that you have to be really gutsy to buy it and it is not my cup of tea at this montana. to susan in pennsylvania. >> caller: hi jim. booyah from your home state. my second call in many, many years. i got enterprises before that big spurt. it was so long ago. but anyway, which i didn't keep the whole thing. so today the stock is crtx it is holding better than anbs and sava and biogen and
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something else got hit alec despite the glaxo investment that hit back to where it was so crtx, that is item number one for interest. >> okay. let me tell you, that one. go ahead i doesn't mean to cut you off? okay here is the problem. that is become a crowded field with really big guns and i don't want to be also in that business i think it could be dreadful so gary in texas. >> caller: booyah, jim i'm a plassive fan for over 0 years you are an nbc icon and we appreciate everything you do, buddy. >> thank you >> caller: a few months ago i was impressed with the ceo on your show bill tolder of a company called hydrophone i liked him as well as the business model it seems pretty reasonable at 60 but at today's bargain price, should i hold or buy more. >> i want you to hold. the stock is down. about $12.
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it is -- look, i am a big believer in hydroponic products, scott's miracle grow has been hit too. the cannabis stocks have been terrible but through more than cannabis so i'm okay with it. how about grant in florida grant? >> caller: jimmy chill, booyah. >> what is happening >> caller: booyah from the city of champions you have these guys on show back in june and the stock has since pulled back. is it now a good time, to bell sell or old asic. >> this is one of those, people decided that houses aren't going to be built and that rates are going higher i jut tied it as queen money, you want their product, it is really viable. just bought some the other day for a beach house that i've done three decks and i'm tired of it. you buy one and pay extra money and it lasts so i'm a huge believer in asic i think it is a great stock here
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at 37. okay let's take one more. toalk in illinois. >> caller: i'm a young adult, newly equated to the stock market and i want to say thank you for all of your guidance and wisdom and knowledge about everything you do for free booyah to you. >> booyah. join the investment club we're hitting some good ones what is going on >> i wonder if i should buy now or hold or wait to buy the company is so fi technologies. >> they got hurt because of the student loan give up it is going to come back i have tremendous faith in it. i think you should buy sofy. and that is the conclusion of "the lightning round." >> announcer: "the lightning round" is sponsored by td ameritrade risk on this position. you two are all set. have a great flight. thanks. we'll see ya.
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ah, they're getting so smart. choose the app that fits your investing style. ♪♪
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a funny thing happened over the last few years wall street has gotten religion with the environment these days no company wants to be known as a polluter most executives recognize that it is bad for the world and the customers and bad for the shareholders that last one is still a true battleground we know there are plenty of companies seeking to go carbon neutral by various due dates, all of them different and using different definitions for carbon neutral and net zero it is a hodgepodge, that it is hard to tell who is real and green washing.
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new term for businesses that are faking it. begin this is something that we have to care about, as investors i'm hoping the s.e.c. steps in seriously and standardized things and does it fast. they should create benchmarks to allow for apples-to-apples like ey, which has an practice, i'm familiar with the company. and this is something that never used to matter to the stock market but i'm on board with treating the earth as a stakeholder. the truth is, there is so much money in esg, that is environment and social corporate governance and there is a payoff to go green. anyone who only cares about the bottom line will be lumped in with big tobacco, permanent pariahs. and a smaller footprint but has little hope of getting there
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overnight. the best example, think of an oil company, think of chevron, that is deeply committed to becoming a better corporate citizen but how does a fossil fuel company reduce its carbon foot print the ceo had decided to spend $3 billion to make his company cleaner. then he just upped it to $10 when he needed to serious develop less carbon intensive forms of energy. the response on the one hand, jp morgan oil analyst downgraded the stock from buy to hold because of the step up in spending to clean up the company. as i heard in my corporate governance, it is preposterous there is something absurd about pumping oil and gas and then bending over backwards to find ways to reduce your carbon footprint. it is like that chevron has no way to win i think the jp morgan downgrade is short sighted
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it is bad for business and i think the second view that it is pointless, it is just down right unfair let me put it like this. if you're going todecide ahead of time that there is nothing chevron to do to help the environment, then there is a good chance they won't do anything believe me, i remember with these fossil fuel companies used to be light. getting them to defeat global warmings is a gigantic step forwards and it feels that way and worth those that he could get many more shareholders to buy a stock that gives him an insentive to push the anti-carbon envelope but fez f he's not going to get credit, why bother to try. so still scoffing at problematic companies trying to do better, why not acknowledge their efforts. the earth needs the support of everyone and you just can't plan a couple of trees and think that everything is good if the fossil fuel companies can't improve do we care if some software company goes carbon
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neutral. i think give these businesses a break when they reduce the carbon emissions i think it is a good thing that they finally care about the environment even if it is pure hypocrisy to some. it is a lot better than the alternative. i'd like to say there is always a bull market somewher whoa, elon musk just made a huge move. wait till you hear where tesla is going i'm shepard smith. this is the news on cnbc vaccines for kids. pfizer seeks approval for younger children, but when could we start seeing shots going into little arms. 18 former nba players indicted in a massive health care fraud scheme. >> in total, defendants have attempted to bill the insurance plan close to $4 million. >> the details, the charges, and how officials saythe athletes

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