>> pete? >> seeing a lot of great activity on nvidia i think it's still going higher. >> guy >> i wish i could see tim's. i don't have any return my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica, i'm just trying to make sense of it here because i want to make you some money. my job is to entertain, to educate, teach, and put this whole thing in context so call me at 1-800-743-cnbc or tweet me @jim cramer

we're in the grip of, yes, persistent pernicious inflation that is certain to wreck the economy as well as your pension. your payroll, anything, and don't even get me started on the budget deficit >> they know nothing yet there's a conundrum here dow dipping just six points today from a new high yesterday. and hitting a new intraday high and nasdaq gained 0.62%. the commentators, this market keeps pose ago powerful question, doesn't it what happens if it turns out that the move is justified by the fundamentals as opposed to what everybody comes along and says, what happens if it's justified. what happens if the woes that plague the economy are easing? what if things are getting better i suspect we're over bought. i know that, and could head the other way down

i think there could be any buying opportunity that you should pounce on remember, seven to ten days from now begins the most seasonally strong period of the year for the last 23 years. i would hold onto stocks or pounce on weakness as we are doing for our new investment club, which given our ubiquitous q rr qr code is pretty darn easy to sign up. that qr code is that thing that looks like this. is that good to me it does, i hold my camera up the wrong way to it get a little lesson there. let's synthesize what we've been hearing from the ceos of major companies as i'm on every single earnings call, and my life is terrible and i'm driving my wife crazy. here's some clues that i'm getting that you're not hearing because people are looking at that top dev stuff, doesn't have the real deal. why don't we start with bank ceos given where we were 20 months ago, the american consumer is in

remarkable shape it's the best balance sheets in the history of our country when they do need money, their credit scores are high what does that mean? it means they can borrow money and create a small business, and there's an astounding resurf jeps in small business, which gives banks the opportunity to turn a profit by lending people money in a prudent way there's no spike up in delinquencies, spike down. having studied the banks for the last 40 years, these institutions are in the best shape i've ever seen them. that's very good news for the economy. second group, the transport. have you seen the transports have you been following the action there if you listened to this morning's kconference call from union pacific, remember i was trying to get him to be positive you know that the port situation has been improving ever since president biden got involved with his 24/7 plan to ease the congestion that's a big reason why union pacific, rallied to an all-time

high today i think there's a surprising amount of low hanging fruit. you know what i'm telling you, that problem is a lot less intractable than many people seem to assume just got to shine a light on it. this earnings season, the companies like procter & gamble can cope with higher prices by raising price s. meanwhile, costco, home depot, walmart, amazon and lowes have used their massive scale to keep prices relatively contained tamping down on inflation where they can they've done a good job. it's not perfect, but the paying for higher prices, even as inflation -- some companies are pricing better the ones with pricing power give you great stocks the ones without give you great bargains on their products fourth, told us oil would peak at or below $84. that's been that line in the sand the fundamental side, unless we're heading to another ice

age, we have enough natural gas to keep energy prices from skyrocketing what happens to stock markets if oil and gas come down. it would be positive on the oil side, the united states is a long way from producing what we did before the pandemic do you know that the permian basin is no longer falling behind i think it's only a matter of time before we see the same story in the rest of the country. i did not feel that way, but i'm seeing permian going up. our producers are sitting on so much product they're not going to leave it in the ground even as their date has been integral to the price rise of crude. that's a new development there's one exception here the northeast won't get any break on energy prices that has more to do with the lack of pipeline capacity because people don't want pipelines under their land fifth, let's talk chemicals. this morning dow chemical put a terrific set of numbers that indicated supply is very tight i've been worried that the two key building blocks which are polyethylene and polly euro theen might tip into equilibrium

and over supply because new capacity is being added. that isn't the case right now. the stock got hit, the stock told you capacity is coming. at the same time, ppg, the coding company that's a big consumer of commodity chemicals, i thought was a pretty negative number said raw kancosts remaina persistent bad problem pgg rallies nearly 3%. you don't need to be a rocket scientist or a kchemist to sfig figure out the market is speaking here. the market sees lots of new plans coming online, that means prices shuld come back down in 2022 most of the commentators who fret about inflation are these big picture people they look at giant aggregate numbers, usually the government statistic, they're allergic to the kind of granularity that i bring to you i eat granularity for breakfast, and breakfast tastes bad for the chemical industry. it takes like those lousy rice cakes i eat. it's good for the rest of us how about steel, there are more

bears who have been prowling around nucor arguing they've seen peak pricing. nucor did miss estimates and those estimates were set not that long ago, and that gave the bears the evidence they needed to call top, and it's why the stock got slammed. we told club members we don't think that we think it's an opportunity, but i see when people say that the steel cycle has run its course when nucor misses its numbers. let's say there is a peak in chemicals. i think there may be let's say there's a peak in steel. i don't think so, but the market says i'm wrong one more, that's the biggest of all, the semiconductor shortage. total horror show, right how have the basic semis been doing? you listen to the semiconductor capital equipment makers, sure doesn't sound like the shortage is going to last forever a i asml gave you a sense business is on fire lamb embraced the midpoint of pretty much every range of estimates. so when you hear people predicting that the chip shortage should last well into

2023, ask yourselves then why the chip makers aren't buying new equipment like crazy to take advantage of that. i get the feeling there's been a lot of double ordering in the system down the food chain that's why the capital expenditures aren't going off the charts the industry seems to expect there's a surfeit all over the place. not just in the cheap commodities. the price increases are either becoming baked in or they're not coming through at all. again, like i did with -- because i'm trying to teach here like i said with dow commodity going into ppg, let's look at it another way. look at through ford motor now, you might be wondering how could ford motor see its stock rally 3% today, only two bucks are from where it was ten years ago, even though it's a huge part of all the commodities i mentioned and totally hostage to the chip shortage. i think the rally says the tyranny of the supply chain may be coming to an end even as i told members of the investment club to be careful because it's

been big two straight days all that said there's one inflationary item i don't have answer for, the labor shortage the profound loss of 700,000 people in our great country coupled with the victims of long cocovid and the remaining unvaccinated give you plenty of reasons not to go back to office fear fear at the same time, there's this widespread reassessment of life itself. you know what? i'll get existential we had the same thing happen aft the civil war, world war i and world war ii, where we had major labor shortages. it's happening again as the war on covid winds down. people are trying to figure out what to do with their lives. they will figure it out. when they do, i think things will end fine the way they did in the '50s. 1950s. not all deflation is good deflation. look at snap down more than 20%, apple's new privacy rules make their targeted advertising a lot less precise so less valuable. however, with the exception of

labor, there are suddenly a lot of bullish pieces in the inflation puzzle that i see that you want you to see. if you wait for these prices to come down, if you wait for the mosaic, if you wait for the jigsaw puzzle to be finished, you'll end up waiting too long let me give you the bottom line. jumping the gun is a mistake in almost every single human endeavor, except for the stock market the averages have been jumping on peak inflation for the last ten days because the big guys cannot afford to wait to get in. soon neither can you mark in pennsylvania, mark >> caller: hey, jim, thanks for taking my call i'm interested in hearing your thoughts about the cooper company, coo. >> yes. >> caller: and supervision and super surgical and also wanted to you know, get your thoughts -- buy more of the -- of that stock -- >> i'm of two minds, one is this is an incredibly well run company, and two they've got to come on the show

you know this is a $20 billion company that nobody ever talks about and a lot of us use their products i think that mark in pennsylvania's got some -- usually jumping the gun is a mistake, except when it comes to the stock market because the big boys have to accumulate so much that they've got to do it early. hey, by the way, crypto, i failed to mention crypto the averages are looking pretty good, but let's just say when i look at the picture, i see both sides. i see the glass half full, glass half empty, and i'm taking it half full. all right, on "mad" tonight, whirlpool reported on the bell we talked about supply chain issues how about the stock, where is if going? we're going to check in on the ceo. i had a chance to sit down with robinhood's cofounder and ceo vlad tenev i mentioned crypto including cryptos that are now named after i don't know dancing queens, and

the dogs it's everything. shim, sheve or whatever. mattel's stock jump instead after hours trading and i'm breaking down the quarter to see if it's a winner with the top company's -- we'll talk crypto and we'll also talk supply chain. so stay with cramer. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer #madtweets. send jim an email to madmoney@cnbc.com or give us a call at 1-800-743-cnbc ss something head to madmoney.cnbc.com. t if y want it, by jimmy cliff ♪ [suitcase closing] [gusts of wind] [ding]

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♪ what do you do with a stock like whirlpool when we're in the

middle of a major appliance shortage the demand for their products is off the charts just try to buy one. see how long the wait time is. they've got a real supply problem on their hands not only is it getting more expensive to make the, it's more expensive to ship them tonight whirlpool reported and i thought the results were mixed, but i'm going to go into why i say that, weaker than expected sales, much stronger than expected earnings. management lowered their full year sales forecast, raising their earnings forecast. that's not good, but and that's why the stock is down after hours, but maybe that's just such short-term thinking whirlpool's putting up excellent cash flow numbers, buying back stock hand over fist that's 3% of the market cap, plus management raised their long-term financial guidance, which is encouraging in the end, the word i use for this quarter is complicated. so let's take a close look with dr. mark bitzer, chairman and

ceo of whirlpool welcome to "mad money." >> thanks for having me, jim >> so mark, you gave me a little confuse because i'm really turned on by the longer term growth rate, which you raised i think rather dramatically on a percentage base, certainly with the goals to be able to for profitability raised dramatically yet, at the same time in this particular quarter, you didn't go with that narrative, so to speak, so what's going to change between this quarter in a what have row done for me lately environment and the long earp term, which is the longer term you and i have spoken about. >> first of all, jim, after this difficult q2 last year we had five truly outstanding quarters with excellent operating profit. our revenues were up 4% in q3, 8% over 2019, and our full-year forecast is 20%. zooming out, this is now year four in a row of all-time record profits, so it's not a one time. it's four years in a row, which,

you know, anybody can argue there was no particular smooth sailing environment. so i think our company has demonstrated we can perform in whatever environment now, specifically to your question going forward and long-term, we're very bullish on demand, not just in the u.s. in fact, it's probably been -- i'm probably most optimistic outlook i've seen in my 22 years at whirlpool. >> all right, let me take the other side because you and i have both been in -- i know this industry i've been involved in it for a very long time how much of -- you've got strong housing trends, you've got strong replacement trends, strong discretionary trends, but we have always felt that in the end this is a cyclical company you're giving me secular growth stories, and i'm always concerned when a company that's known for cyclicality is saying, you know what? you don't need to think that way anymore. tell me why i don't need to think that way anymore with

whir whirlpool. >> yeah, for sure, jim, i would argue today a very different whirlpool, a very different world. you know, over the last couple of years we streamed our portfolio, we sold our china business, our compressive business we took more than a billion dollars in fixed costs out of our business the last five years. we've demonstrated that a different approach, and our innovation is strong i would argue our company today is very different than five or ten years ago. that gives us a different level of confidence >> a couple of them have said look it's hard for us to complete a house because we can't get the supplies is that something that whirlpool is holding up or is whirlpool delivering what they want? >> yeah, so first of all, of course everybody talks about shortages, and they're real. not surprising, we he them in q2 and we will probably face them

in q4. labor shortages, component and chip shortages and fairly significant transportation delays the way to look at it is why do we have availability challenges? because demand is strong the demand is simply outstripping the supply. and to be a little bit more precise, in q3 we finally produced more in north america than we did in q3 last year and in q3 '19. so we're ramping up production, but demand is just very strong, and that's a positive signal. >> all right, so if you were looking -- let's say you were allowed to have futures on every aspect of what you have in a washer and dryer, would you be locking in today's prices or tdo you think that today's prices are at their peak? >> you mean from a washing machine perspective? >> i mean steel a lot of people feel isabout to roll over a cliff. i think aluminum is way, way too high plastic, i can tell you that the t plastic in my, maybe it's going

to be higher next year. >> to be a little bit more specific, inflationary pressure is real, okay? and we've been talking about that ever since q1 in fact, in q1 we talked about we expect $1 billion today our number is $1 billion we're probably one of a few companies who are not really surprised by the magnitude and we're dealing with that. q3, i think is proof we dealt with 6.5% inflation in our numbers, and we delivered very, very strong operating margin we can deal with that. to your question what do you expect going forward, i think it's just short-term trajectory. it's probably some cyclical inflation, but i don't think it will suddenly drop off a cliff and i think there will be some carryover into next dwreer. >> year. >> i don't like the way our country's started to shape up in terms of birthrate to me it's maybe our biggest worry. are you worried about birthrate in this country and other countries? >> well, you know, of course from from an appliance sales

perspective, a work perspective. you look at demographics ultimately demographics drive consumption. and you know, frankly from an employer perspective, and we're still -- we're producing 80% of what we sell we have more than 20,000 employees in the u.s., and i'm t starting to get worried that the labor shortage will start becoming structural. yes, demographics are a little bit of worry down the road. >> fair enough i'm buying the whirlpool long-term as you know i have since i talked with you. i'm a big believer that the best of breed does win, of which whirlpool is most certainly. chairman and ceo of whirl poor co -- whirlpool corp >> maybe you see why, there's a price break right now because of some short-term concern. maybe that's the opportunity "mad money" is back after the break.

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and now a man who needs no introdusct introduction, the ceo of robinhood. vlad tenev when we spoke earlier as part of cnbc's disrupter 50 summit we addressed everything from crypto to memes, including ones we were in together, to the gamification of stocks and yes, the true democratization of the market, something we feel deeply about around here. take a look at system of our chat >> vlad, i am so glad you're with us. how have you been?

>> i'm glad to be with you, jim, good to see you again. >> let's talk about the report that came out. this is the staff report on equity and options market structure conditions 2021. you and i have both read it. my first takeaway is that a lot of people who felt that there was a vast conspiracy of people, citadel, for instance, you, me, that we were all somehow in on it to hurt people, i think that this report represents a complete vindication of that, and if you feel that way, tell me why you think so. >> well, of course you and i probably already knew that, and there's a lot of people on the internet that are going to be different to convince one way or another. i think misinformation on the internet has been a big issue of our time of course as i said in a bunch of tv interviews around that time, and i know you and i have made it into some memes together

on the internet over the last couple of months as well which, you know, has its good and bad as i'm sure you know, but the sort of cause for these restrictions that we had to impose along with other brokers was crystal clear. it was an unprecedented time where you had lots and lots of people that wanted to investigation in a small handful of stocks at around the same time, and you know, the market wasn't really built for that if you look at the core enough of the market and the the clearing and settlement system and the way that everything works, i'm sure that when everything was built over the course of the past few decades, they just didn't anticipate social media, people getting together and funneling money into a small number of stocks. so i actually -- ooip not really

makes a value judgment on whether that's good or bad i think people should be allowed to communicate with each other and buy the stocks that they're interested in buying, and moreover, i think what's interesting is a lot of these companies, a lot of these methampmeme stocks are companies that have been hit hard by the pandemic. you have, you know, retailers, brick and mortar stores. you had the airlines getting the attention of retail commustomeri the early part of the pandemic, and you could argue, you know, the government hasn't stepped in to help them in this difficult time, and retail investors have come in and supplied them with capital and allowed them to grow their management teams, so it is a very interesting thing that i don't think we've entirely unpacked but i did appreciate that the report mentioned my policy suggestion of shortening the settlement times i think regardless that's the right move for the industry and

the right way to move forward our financial system and reduce systemic risk. so i was really happy to see that alongside a number of other policy proposals that robinhood and myself personally made. >> now, they didn't really -- when i spoke to chairman gensler, it's clear he was concerned about two issues, one is payment order flow, and the other is the game like features. i was out last night with a -- a big robinhood fan, a 19-year-old, i said what draws you to robinhood, and he said because the app is so much like candy crush. it was not the answer i expected is the app too much like candy crush, vlad? >> no, i think that's -- as someone who played candy crush maybe ten years ago or so, i can tell you that i don't see any similarities whatsoever, and i

will say this -- >> can't always be right, maybe something needs to be done to dissuade people from thinking this is as easy and as fun as candy crush. i have not seen people borrow money and lose money on candy crush. >> i think it's important for it to be easy and accessible, and there's a big difference between that and so-called gamification, and if you look at robinhood right now, we do pride ourselves on having a simple onboarding on having pioneered a cost structure and a business model with no account minimums and no commissions that's brought in a ton of new investors a lot of whom are from diverse backgrounds that otherwise wouldn't have been even thinking about investing. that's something we're incredibly proud of, and we stand behind that. i think it's a very, very powerful force, and there is this notion that you hear thrown around that, you know, when wealthy people or institutions are buying stocks, then that's

investing, but when poor people do it, it's gambline ing. i think we just ahave to move away from that we're proud of bringing these new customers in we're also proud of the educational content, and a lot of the recent features not just the 24/7 support, the improvements we've made in app learning modules. >> i could not agree with you more i have spent an inordinate amount of time in my life trying to explain just because someone who doesn't have any money is trying to make something of themselves in the stock market does not mean they're fools, and until you came along i felt no one in the industry believed in me, and that's one of the reasons i supported you from the day i met you because you do want to give people a chance you do not discourage. should confetti come down, what matters is you do not look down upon people who aren't that wealthy. at the same time, there are issues that the commission brings up, issues about like

payment for order flow where to me it would seem like you're willing to tell anybody anything i mean, you're willing to inform you have become a person involved with safety and truth should you just give everybody a caveat that says, look, there's other ways to trade. you can pay commissions. some people think you get better i don't know if you get better something that indicates the commission's issues about this payment for order flow could go away instead we focus on the fact that there are 22 million people who are trying to make something of themselves. >> well, i'll put it this way, i think that payment for order flow and, you know, digital engagement practices or what you call gamification in the report, it was a little bit confusing to me to see it in there because, first of all, it had nothing to do with restricting the handful of stocks that were restricted in january so it was sort of like a policy position that was kind of thrown

in there a little bit as an aside with no connection to the restrictions or the underlying issues and i think the rest of the report supported that. i think some of the criticisms of payment for order flow and the business model, frankly, don't make sense to me i mean, you look at what the industry was like three years ago, pretty much all of the large brokerages were charging commissions and making revenue from payment for order flow as an addition, right and robinhood forced that to zero, forced commissions to zero, and the payment for order flow model has become kind of the standard transaction-based model for offering brokerage services in that space and alongside that, you've had the best conditions for being a retail investor ever the by far the lowest cost of

execution across the board spreads have been tighter, and i think it's a great time to be a retail investor in america, and there's actually a lot of competition. f now, i will say i do support -- i came out with a policy proposal acouple of months ago about the sub penny rule, and there has been some criticism about whether our exchanges can fairly compete with off exchange market makers like citadel securities and virtue. i think there's -- there are opportunities to make the system better and to encourage more flow to go to the exchanges and to strengthen the mbbo, and i think we should look at doing that but i think the -- >> we don't want people running ahead. we don't want rich people running ahead of the people who are trying to make something of themselves, correct? >> no, we certainly don't want to do that, but i think by and large, this business model has helped pioneer commission free

trading, and make it possible and certainly what we wouldn't want is the return to a commission structure in the industry that will just keep people out, especially those people of lower incomes and less means. >> well, i want to congratulate you for everything for being 2021's top disrupter, for the maturity we've all had to have because so many new people have come in and for your advice and counsel, particularly as far as i'm concerned in light of what happened at the end of january shows that you never lost the flame. some people thought you did. the report vindicates you, and i am thrill that ed that you came our disrupter conference and to "mad money" and it's always good to see you, bud. >> it's always a pleasure. thank you for the time, jim. >> coming up, no matter what adults do to the world, kids will always need the tools of imagination. cramer lets the games begin and

talks earnings with mattel next. ♪

♪ ♪ ♪ ♪ ♪

♪ all right, been watching tv, reading the papers, doing anything, you know we keep hearing that the holidays could be at risk because of supply chain mishaps. i know it's really boring. you know what we ought to do, we should just talk to mattel, that's the iconic toy maker, ba barbie, american girl dolls, hot wheels fisher price they've got a lot of stuff they've got to import. i tell you one thing, they reported another magnificent quarter. a huge winner for the pandemic is a parent stuck at home or desperate to keep their kids entertained, and the company's fine delivering on its turn around initiatives

recent months stocks sold off from its high. investors started to worry about rising costs for raw materials and transportation, at least until today when it jumped more than 2% going into the quarter then we got the numbers and they were excellent, what we've become used to mattel delivered a $0.12 earnings beat. higher than expected sales up 8% year-over-year, powered by strength in dolls and action figures, core products here. management raised their full-year forecast, which suggests they're anticipating a strong holiday season. let's check in with the bankable turn around artist and chairman, ceo of mattel to get a better read on the quarter. welcome back to "mad money." >> hi, jim, it's great to be here >> i got to tell you, the release, it's all good good good good good, and then it gets great. right at the end you took your guidance from 12, 14, to 15% there were people who told me all of his toys are on some containership that is stuck in san francisco harbor that turned out not to be true,

correct? >> well, this was another strong quarter for mattel with continued consumer demand for our products we achieved growth and gained market share for five quarters in a row in fact, we are on track to achieve our highest full-year growth rate in decades, and just raise our guidance for the third year -- for the third time this year so the point here, jim, is that the mattel team continues to execute on our strategy, and the company is on a clear path to profitability and accelerate top-line growth. >> is there ever a chance -- when i listen to you, i'm thinking i remember when i first bet you and i was worried about the fall and you told me not to worry. you could get through it, don't be too excited now of course i am excited you should be. the numbers are good i remember that bountiful dividend i remember that beautiful balance sheet. i remember telling people if you want a safe play that has good secular growth, it's mattel. then it turned out to have cyclical growth, then no growth,

then they got the -- is it time to start thinking again about the glory days at least in erms terms of a dividend? >> mattel is back in a big way we're seeing a lot of momentum in our business. we are growing we've been growing for five quarters in a row. we are gaining market share, and in fact we outgrew the industry this year by 1.7 times the growth rate. so our performance is strong not just relative to our own history, but also relative to the rest of the industry >> you're telling me that the opportunities are too great -- that you think there's too much ahead of you then to start going back to the days where you're spewing -- i mean, you're spewing cash, my friend. you generate a lot of cash now it's not like that period you first came in. is it acquisitions is it dividend or pay down debt, or is it just one of these things where you have so much growth that you want to put all your chips in what you have. >> well, you're right, our turning 12 month free cash flow

grew by more than two and a half times, relative to where we were a year ago, and we're consistently making our way toward investment grade. so performance is strong we are strengthening our balance sheet, and with that we'll have more opportunities and optionality to continue to create value for our shareholders >> you are an entertainment person you know entertainment well. you know diversity well. you know inclusion well. i look at the dolls and i think what the heck, what world was mattel living in before you got there? i'm seeing characters that to me say movies, to me say short video, that to me say even youtube tv where is that? we want that, we thought we were also getting that. >> you are getting that in droves we own one of the strongest children and family entertainment franchises in the world. we have 30 movies in development and already seeing mattel tv thriving we have eight shows that we're launching this year alone.

we have more than ten more in production, and many, many more in development so a lot of excitement there we're seeing a lot of opportunities to capture value from our intellect ual properties we introduced barbie radio, see opportunities in digital gaming, nft, digital experiences and a lot of other opportunities to capture value in addition to the great work that we do inside the toy -- >> we were worried when the pandemic was going to wind down that we would stop playing games. i'm a rummikub addict. did people find that games were something that was better than what they were doing and are doing it now or even more than during the lockdown period >> you know, toys is an industry that is growing. it's experiential, parents love it, and especially when it comes to quarterly product and trusted

brands, they resonate so well with consumers you know, we're seeing consumer demand continuing to grow. we're seeing a lot of momentum in the fourth quarter, and we're off to a great start and we expect to continue growing for the balance of the year, gain market share, and have a strong holiday season very much looking forward to having plenty of toys for children to play with during the holiday period. >> and one of the hottest ones so i can -- our viewers can get a head start and buy them right now? >> well, we have so many incredible, you know, great product, and a lot of innovation barbie dream house is always a winner now we just launch a new crdrea house, which is going to be a great setup for christmas, we expect, and a lot of innovation hot wheels, fisher price, m masters of the universe are just a joy, and a lot of great product for kids to play with and entertainment be inspired,

and develop through play. >> all right, i thought it was going to be 25 by year end we got a little heavy lifting to do after this quarter, maybe we're closer than i thought. the chairman and ceo of mattel congratulations on another good quarter, sir, and good to have you on "mad money. >> thank you so much look, i've been sticking with this guy and sticking with the company. so far so good, doing better than if you own snap, "mad money"'s back after the break. >> announcer: 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.

wealth is your first big investment. worth is a partner to help share the load. wealth is saving a little extra. worth is knowing it's never too late to start - or too early. ♪ ♪ wealth helps you retire. worth is knowing why. ♪ ♪ principal. for all it's worth. (naj) at fisher investments, our clients know we have their backs. (other money manager) how do your clients know that?

(naj) because as a fiduciary, it's our responsibility to always put clients first. (other money manager) so you do it because you have to? (naj) no, we do it because it's the right thing to do. we help clients enjoy a comfortable retirement. (other money manager) sounds like a big responsibility. (naj) one that we don't take lightly. it's why our fees are structured so we do better when our clients do better. fisher investments is clearly different.

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>> announcer: lightning round is sponsored by td ameritrade ♪ it is time and then the lightning round is over are you ready? let's start with john. >> caller: booyah, mr. cramer. huge shoutout to alex, i went all in on fdx at 226 what price -- >> okay, don't care where it came from, care where it's going to here's the deal, i actually for the travel trust sold a little u.p.s. today because the stock is up in a straight line, so does fedex i think you got to trim a little i don't think it's going to stop disapp disappoint ing let's go to andrew in new york. >> caller: take on a company doing big things, casabo life

sciences, they have done nothing but ask more fda approval. they are now in phase three of trials for -- >> remember, this is incredibly speculative situation. here's the way i handle this okay, only a speculative -- only with money you can lose because what you need is a takeout, and we don't know whether they're going to get a takeout but that's what propels these stocks big cap pharma that doesn't have a pipeline let's go to jack in ohio. >> caller: thanks for taking my call it's one of my bigger dividend holds, the next dividend is coming up late next month. is it okay to add more dow? >> the market seems to think that some of these chemical prices are peaking i disagree talk about the top of the show i think if you can get that stock under 5%, i think it 's a good idea. ben in new york. >> caller: hey, jim. thanks for taking my call. interesting in your take on marquette ta.

>> it's kind of like another one of these squares we just see so many. it's going to go up, but i prefer to be in square and that, ladies and gentlemen, the conclusion of the lightning round! zbl >> announcer: the lightning round is sponsored by td ameritrade. the most critical market machinations in no time flat stick with cramer for a special no huddle next mobile app so you can quickly check the markets? yeah, actually i'm taking one last look at my dashboard before we board. excellent. and you have thinkorswim mobile- -so i can finish analyzing the risk on this position. you two are all set. have a great flight. thanks. we'll see ya. ah, they're getting so smart. choose the app that fits your investing style. ♪♪ it's another day. and anything could happen. it could be the day you welcome 1,200 guests

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friends, romans, countrymen, lend me your ears. i come now the to bury jay powell, our valiant fed chief turned human pinata. let's praise him he keeps coming under fire for leaving interest rates low in the face of inflation. i'm getting tired of it. i think the criticism is absurd. this guy has earned the benefit of the doubt remember when covid first shut everything down, try to remember powell was the only real hero in terms of policy. he didn't wait for the financial system to collapse powell drew an early line in the sand saying he would stop at nothing to preserve the backbone of our economy i think he saved probably 10% of unemployment he didn't wait for congress to get its act together his appearance on the "today show," go youtube it, the absolute bottom of the stock market when he explained he prevented recession by any means necessary was exactly what we needed he gets no credit for it

jay powell is only the head of our central bank he's not a virologist. he had no idea when the pandemic would end. he was listening to the same people you and i were. i read everything available that came out at the first quarter of last year and almost no one had a sense we could get any workable vaccine in less than a year instead we heard that the fastest the vaccine has ever been devised was the mumps vaccine, that took four years. we lacked any sense o'how the disease was transmitted. remember washing our hands, not covering our faces like everyone else, powell had no insight into how long covid would last he decided he'd rather too too much than too little sensible and prudent all sorts of talking heads keep blaming him for the supply chain congestion, rampant inflation, they think he should have nipped this stuff in the bud. frankly, i think that's nuts the problem right now is not monetary policy. the ceos were as baffled by

covid as anyone else they all cut their capital expenditures to the bone as soon as this happened everybody is always fighting the last war the ceos who slashed their spending at the beginning of the great recession became heroes. they dusted off that playbook. wrong. jay powell and our elected leaders in washington had the same idea. they didn't want to repeat the great recession. they took bold action to present it from happening. we got major scientific breakthroughs faster than we thought, moderna, pfizer, j&j, which we thought would take a prolonged pandemic off the table. once the vaccines arrived the vast majority of american businesses were caught with their pants down they prepared themselves for a lengthy downturn jay powell gave the economy the lifeline it needed to get through the pandemic he's not going to start raising interest rates until we've cl clearly got the -- when we got the vaccines to begin with, who wauf thought people objected to taking it powell said this thing's not

solved i think he looks like a visionary. it's not fed's fault that we haven't beaten the virus yet jay powell doesn't have the authority to force people to get vaccinated if you want higher interest rates, you should blame our elected leaders for dragging their heels on vaccine mandates. i think it's insane that our government lets this thing drag on rather than forcing people to get their shots. at the same time it's not powell's fault businesses forgot to flip the switch and put everybody back to work nobody was ready for the lack of workers, for the great residence nation, for the shortage of components manufacturers hunkered down preparing for the one of the west recessions ever many businesses haven't been able or have time to catch up to the new normal did you know that truckers out west coast ports still get paid by the load, not by the hour so they actually make less money when the ports are congested and they need to spend hours waiting in line. stuff like this is ludicrous, not jay's fault. jay's been staying easy until that process gets far enough

long so far i think he's gotten it right and his armchair quarterback critics should be ashamed of themselves. a year from now they will owe this man an apology. believe me, i know them, they won't give him one it's not their style there's always a bull market somewhere. just here on "mad money," i'm jim brian laundrie is dead the manhunt officially over. authorities revealing what they used to confirm his id and contempt of congress the house fighting back, voting to recommend criminal charge