be happy to own it from this price. >> dan >> intel >> guy >> bristol myers >> thanks for watching "fast riw my mission is simple to make you money. i'm here to level the playing field for all investors. there is always a bull market somewhere. i will come and help you find it "mad money" starts now hey, i'm cramer. welcome to mad money welcome to comkraamerica today's decline came down to

four words, a few months earlier. that is by federal reserve chief j. powell why he may end the bopped buying program sooner than later, sent the market into an abrupt and miss ral tailspin that people are going home, feeling very bad about that's why the do you plunged. the nasdaq tumbled 1.55% powell's excepts about winding down the program has helped keep the economy going. they were unexpected they were charmed the bond buying program made it cheap for people to help the economy also unexpected, powell's decision were per accept it and less transitory. which marks a break for this previous thinking. in the past, we favored it would simmer down in supply bottlenecks. now, he wants to retire the word treasure powell is feeling the oven has gotten too hot why i keep turning up the heat with more bond purchases

why not close out the program sooner rather than later powell had made these statements, let's say, a week ago, before the omni front it's common sense. opening up, we were already freaked out about the omicron invasion so the comments seemed a little tone deaf. but does an early end mean a bull to get bovine walking? but the bull is obviously suffering or else we wouldn't get this crushing sell-off wall street doesn't want to hear about aning sell rated taper while we're waiting for the other foot to drop with the omicron variant. the story that it was, reluctantly, we had a good up employment number. okay so he wanted to layout what he thinks the fed should do if

omnicron doesn't wreck the economy. believe me, powell could just change they'll say there is no reason to tilt. he can walk back his comments he did three years ago when he fought too aggressive in the market in the immortal word of joey brown in some like it hot. now, all this is inside baseball what the heck does it mean to you? regular investors who powell now thinks investors is persistent the buy down program needs to go ahead of schedule. obviously, not much. i think it's become a reason to buy. i'm not going to tell you to sell let me explain consider the average investor, who these days invest for the most part with long-term index funds. that itself the kind of person who should be looking for a price break to put money to work, rather than wait until the end of the year and stocks are going too high powell's comments aren't a reason to run from the market or sell if are you selling here, you are freaking out about the inev

inevitable didn't we know they would hit the brakes once the economy fought hot enough? one day, in that powell is being more measured about it this time simply stated the obvious. he did it a few months early he had to expect the fed would happen some day. omnicron may slow down the economy. it's bad news for the inflation front. a new strain creates more supply bottlenecks at higher prices be every the delta variant, we put covid players to merely damage the economy they damage the semi chain, which does cause more inflation. that makes it for powell to include inflation. we didn't know considering we have one of the best days of the year for nasdaq yesterday. i can understand, why the -- why he didn't wait a couple weeks? jay is doing what's right this much job creation. not enough people to fill the jobs you look at every single shop front. we got shortages galore here

they're used to jack up the prices he had the bite the bullet he's not oblivious last time i told you, you had to wait for omnicron hospitalization in the u.s for the average investor trying to figure out whether it's a time to buy, put more money to work in the s&p, well, they have to pull the trigger on at least some of that cash right now afternoon ahead of the hospitalization. even if come my chron isn't as horrible as we think we had 9-to-1 selling, buy 9-to-1 that is a hallow raishio, a legendary cnbc anchor and friends of mine, that told you, you had to hold your nose and buy, buy, buy. that's how he called the claire voiptd husseins bottom when the selling got too excessive in march, 2009ch given it's a good idea to keep an index fund, have you my blessing. tomorrow morning, amid some

capital. some exam. not all. the rest needs to be put to work in stages as we start getting battered by omnicron cases here in america if something really goes wrong i say call it one-quarter tomorrow, the day omnicron hits our shores the next half over the next few days this is for people with iras, 401ks. this is your chance if you haven't done it yet. how about if your individual stocks a little different you don't want to go too deep into this market yet there are some things you can buy here dividend stocks, cnbc investing commerce know all too well or tech stocks, which do well when the economy slows, whether it's caused by the fed or omnicron. that means amazon down or microsoft down because people think it's slowing people mention tesla you don't need to buy more than that right now you can get more opportunities to buy stocks. it's a weakness, keeping my power drive for the rest putting money away in short, i am not saying, okay.

that would be foolish. i wish powell hadn't made these commence until the market finished processing the new variant. i think this weakness is potential absentee workers who fear omnicron will have inflation first. we never seen anything like it powell's got the bases covered powell's gotten it over with he said what he had to say about inflakes or bond buying without lock rate hikes. they did it in 20 on it's almost cathartic. i still want to be conservative. and be sensitive to the first omnicron casualty here this sell-off is based on covid and the fed, probably equal parts. for now the fed won't say anything right. that damage is done. while we're in omnicron purgatory, you need to keep your market dry we get a wave of sensationalist stories, another news wave has arrived in short i'm trying to prevent that as you see later in the show. that itself not bad.

it's good. we've also got our best drug companies working hard to factor vaccines for the new variant also good. the bottom line, it's too good to pie into this but too late to sell at this point. a 9-to-1 down ratio, you would be selling to a classic beer trap that's just not worth it buy it don't sell it. salesforce after the bell, a part of the quarter. then another investing club paypal has fallen from its highest not to say the least, does it pay to an investor i'll check with the ceo and the omicron, i will try to end fear. stay with cramer. don't miss a second of mad money, follow@jimcramer on twitter. have a question, tweet cramer, #madtweets send jim and e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc

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what happened to the stock in sales foers it's down 10% it sold in after hours trading they introduced a new ceo who might open shares. we'll have club bolton out this evening about these numbers and this interview i want to be with mark benioff and co-salesman of salesforce and co-ceo gentleman, welcome to "mad money" >> jim, we're very proud >> all right so first let's go over the news here mark, you got a new co-ceo, somebody was just named the

twitter chairman yesterday, obviously, active. how are you going to split your roles? >> well, brett taylor is having a big week i think everybody knows he had an amazing time with google and created google maps and he started a company acquired by facebook he became the ceo of facebook. that facebook started another company which salesforce acquired him the last 5.5 years. he has had a phenomenal run at salesforce and appointed the coo. congratulation on being the co--coo of salesforce. i couldn't be happier for you, congratulations. >> it's an incredible privilege. we have a life-long friendship and partnership. >> all right so let's dispel some things immediately. there were people who felt when you needed a previous co--ceo, therefore, you were done, going to the beach are you going to the pipe, run

for president or whatever or stay at co-ceo >> jim, i love salesforce. you know that. you know, you've seen me with our commerce and how much fun i have with all of our stakeholders i'm never leaving salesforce this is my life pursuit. i couldn't be more thrilled to have a great partner here with brett taylor he's amazing this is my dream that brett would come in the company and we could work it and run it together and work it together in a trusted partnership. that's happening >> all right we'll put you in the hot seat. we'll put mark on. stock is down 30 we can argue that doesn't matter the stock is irrelevant. however, most of the people that watch the show do own salesforce stock in one way or another a. lot of people are saying that your guidance was fought conservative but that you really see some sort of definitive slowdown, whether it be slack, tableaux, main salesforce. any of that right if. >> well, jim, we just had a

phenomenal quarter, grow 27% number one is the strength in our crm business our sales cloud accelerated to 17% year over year growth. here's a $6 billion business, just like service pal over 20% our core of our business has never been stronger and slack is just amazing the response we're getting from our commerce. we have exceeded slack by there are 30 million every single company i talked to i visited paris, london, amsterdam, frankfort every single ceo is building a digital headquarters for their company because they all know, we're not going back in the office five days a week. i feel like the environment is strong i'm so happy in our business i couldn't be more excited >> mark, so why didn't you have a current remaining performance

obligation that was 18.8 2.7? why isn't it 20 billion? what itself the number that someone has pie in the sky that they're asking you to deliver? >> well, jim, you can see right here, we're finishing up our second year in the 20 billions, which is amazing for delivery. this amazing guidance you know for today, which is kind of an incredible 26.4 billion for this fiscal year that we're finishing fiscal year '22. jim, we gave guidance for next year, we're exiting the 30 millions and going to the 28.1 billion. so this is a very fast growing business it's growing quickly we have this phenomenal acquisitions like slack, and tableaux and so many other great things that are driving our business, that's what we kind of expected so business is really strong we just had a great quarter.

we're very excited. >> let me go right at it youee fourth quarter adjusted earnings per share 72 to 73. mark, people are looking for 82. game, set, massachusetts that's what they were looking form how do we dispel that or do we just own it? >> we own it, jim, because let me just tell you, the number one thing for us is, we're striving customer success this is our highest value. what we saw in the quarter was phenomenal we should open, we had black friday and monday and everything just happened with us. >> yesterday was cyber monday. we just came off i think the kickoff to the holidays. our marking cloud has september over 1 trillion messages culminating with 40 messages, growing 34% year over year they really run on salesforce were brand, puma, ralph lauren,

incredible momentum going into the holiday season it's incredible to see we talk a lot about this new normal last year, obviously, everything was digital. retail stores were reopening we saw digital tending to grow accelerate because we are this new normal. >> also, we had phenomenal performance and availability during the most important weekend of the year for our customers. we got phone calls from customers who don't use all of our products, but some of our products and the products that they were not using from our competitors were having performance issues and, whoa, it amplified ourgratitude to our own team for what a great job they have done for our customers. >> brett, i'm listening to the nameplate, mercedes benz, i idolize those guys i am saying it's not business as usual. i am saying it is better than business as usual. would that be correct? >> i'll give you a better example. there is a company in southeast

asia, they do ride share and a friend of mine, it's the love nest of salesforce, the co-founder of that company they have 16,000 people all on shack running that business. you know, these are the next generation of the innovator all rung on customer 366 and slack and you know, i talk to every ceo. i have been on the roadp they're all talking about getting dr. grow, they're talking resilience and our software portfolio cannot be more relevant right now every one of your customers gets back to us >> fair enough i want to congratulate you on being chairman of twitter. but that's already in the past i'll let you in as co-ceo of salesforce and mark benioff, congratulations. happy hanukkah merry christmas behind you, thank you very much. guys, look, you can go sell on this stuff. i mean, you know what, it's been wrong to sell every time

go be wrong. "mad money" is back after the break. coming up, this holiday season how will you pay for the festivities that light up the night and snuggle them back under the tree cramer breaks opened the digital wallet with paypal next.

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comes on when the stock is down. let's start with the now cyber monday, black friday how was it for pay pa l? >> yeah. so glad you started there. it's interesting to see the statistics come out. people have seen more people coming in the store, online flat but the way i look at that is if you go back to 2019, which is pre-pandemic, digital sales last year went up by 50%. this year, they're flat. okay retail sales went up this year but from 2019, they're down 26%. so what that says to me is that ecommerce and online is an increasing part of i don't have all retail today way more than you could have imagined two years ago and paypal had a real strong start coming into november we saw sales being pulled for work we were growing faster tan we expected for this first couple

of weeks and based on the published reports we've seen so far, we've handily outpaced the industry average over the summer as well. >> now, you say you were ahead of plan, you did have a goal you set earlier this year of 750 million users by 2025. at this pace and i don't know obviously november pace, you are looking at a little over 400 million. that would mean you would have to add 75-to-80 million users this year. possible >> so this year, what we told the market is we did about 55 million and we're on track to do 55 million new actives let's say the way to think about this, jim, is there are two ways of thinking about it one is the top of the funnel >> right. >> then there is the bottom of the funnel, because today we're over 416 million people on the platform today we'll wiped up north of 430 million on the platform.

so, the key to stopping people from leaving the platform is engagement >> right. >> engagement has to do with extending our proposition into new applications, for instance, buy now, pay later which we should talk about later. because that's been one of the stars actually of the holiday season for us. >> let's go right there. there is a perception, that led to "mad money" and announced the amazon deal. you announced, which, by the way, he had to give away a lot of his company he got it. announced how the business has gone and made people feel paypal versus even square which is we're about to talk about. are you the second in buy now-pay later? >> i'm so grad you asked that. we are one we have only been in this like the last year, maybe year-and-a-half or so we are

already one of the top three or four buy now players in the world. let me give you some statistics. that just happened during this november and during the holidays so, during black friday, our volume on buy now-pay later was up almost 400% year over year. we did some 750,000 transactions alone in one day, on brid. >> one day >> in one day. and, jim, in november, it was our first time ever that we did over a billion dollars processing volume on buy now-pay later in a month than we did over 1 million first time users for the first time ever in a month. so if you take a look at our run rate, you know, that a million, a billion dollars times 12 that's $12 billion run rate on

buy now-pay later. we have well over 10 million consumers using it 950,000 plus mer chants doing that growing, black friday grew almost 400%. these are growth rates that are second to none on buy now-pay later. at scale, that is closing into the very top of any of the buy now-pay later. >> given what you just said, the media leak that you were evaluating potentially acquiring pinterest. which it spooked people. it spooked me. i thought they had the greatest growth why do they need pinterest i thought maybe the underlying business isn't as healthy. was the medium wrong did you consider this? understand why we felt spooked >> i know. you have been a good friend for a long time, jim, on this. so, let me start off with kind of where we are. if you think about our core business, the paypal business x

ebay that's way to think about it ebay dissipated. >> buy 2%. is that a little fat faster? >> faster that we expected >> by the way, way faster than we expected when we came into the year maybe 350 basis points of growth faster impact we expected coming into the year. but ebay now is less than 3% of our tpv. about 3% of our revenues you know, what we are seeing is our core business in q3 this area, grew at 25% x ebay last area, q3, right in the middle of the pandemic, we grew it 26% two years ago, it grew 23% so we're seeing is incredibly consistent, strong core performance. and that continues on.

and so, we don't need any acquisition for our medium-term guidance like our rerevenues. we were appropriately proven and cautious as we came into the fourth quarter and into next year you add supply chain issues, for sure remember, jim, we have 33 million mer chants on our platform >> right >> the vast majority are small and mid-size small and mid-size 66% of them at the end of last quarter said they would be severely or moderately impacted by supply chain shortages. we know that's a big part of our base we know it's exogenous. we know it will go away over time so we said next year, we would grow our revenues, including ebay at 18%. remember this, jim that's at a $25 billion plus revenue run rate. >> shopify is having an increase they're not trying to do a deal

with pinterest we got to answer these questions. because the sellers at 180 think things were slowing, the 18% meant you got to buy pinterest to get back to 25. >> yes >> there were talks with pinterest. >> so, i can't come directly on pinterest. because we don't comment on any rumors about that. let me talk just a little bit about that first of all, shopify you mentioned that one in every four transactions on shopify is powered by paypal. to be clear. we're a big partner inside of shopify. second, jim, you know, my job and my responsibility is to think strategically about where is this industry going you know, what are the adjacencys it's not just about payments any more >> okay. >> it's about payments it's about core and basic consumer until services.

it's about shopping. it's about commerce stool sets it's about following the consumer from inspiration to discovery to purchase to post-purchase. and so, we look at hundreds of potential acquisitions every single year. i mean, we have 20 billion of cash on our balance sheet. we spin off five to $6 billion a year of free cash flow so we have a strong balance sheet and we're going to be inquisitive. but we have very strict criteria for how we evaluate acquisitions we look at it one strategically. does it make sense and by the way, like honey was an example of an adgency >> honey was great. >> honey was a great obsession for us >> even though you say it's more a bigger universe, wholistically, i don't know if pinterest is necessarily right

for paypal >> well, obviously, neat neither did we per se. >> we want venmo that's what we want. >> strategically, look at them financially. does it make sense for us? and then we look at integration, like how hard is it? will it be distracting all of these criteria need to be met, jim, before we would do an acquisition. and we will only do an acquisition big or small if it meets all of this criteria for us we aren't doing those acquisitions, jim, to hit our medium-term guidance that would be over and above if we dead make a decision. >> i have to ask this. your stock has gone down as if your business has slowed what you are saying is business has not slowed, but you were on or after black friday above playing. if you had all this cash, you

wanted to buy back $35 b5 billi. it seems estimate. >> every ceo i think always thinks their stock is under valued and should be valued more here's what i think about it the market is buying our stock based on sentiment and based on information they have. >> and many competitors. >> yeah. my job is to be sure that paypal stays focused and executes on its game plan. because there are so many tailwinds in our industry. i mean, ecommerce is growing by leaps and bounds, clearly, the pandemic accelerated that. paypal is outperforming the industry consistently. quarter after quarter after quarter. tapped way that i think about it, jim, is, you know, if your

results are good, you are executing against what you say you are going to do. then eventually your stock isn't valued, appropriate with your results. >> i agree with that >> when i look at how we're doing on buy now-pay later, it put us at the very top of the heap of that right now in terms of our growth rate in terms of our scale, in terms of our impact. in terms of our value proposition. if you look at our core business, x ebay >> right >> that is going away. that is one time, the pig through the python is definitely going away you got a core business, incredibly strong and incredibly consistent as well then you look at all the new things that we're putting into place. our new app, which is a driving engagement we had two quarters in a row now, we've had double digit percentage increases in engagement sort of all really encouraging

and promising signs. >> 20% next year >> well, x ebay, we will hit 20%. >> x ebay. >> one other thing that's important to note, jim, about next year. we also said first quarter will be our lowest. >> yes. >> as well which peeps, if x ebay will be between 20 and 21% growth next year, we will exit higher than that as you go into the fourth quarter. so to me, this will work its way through, you know, i recognize that it's frustrating. >> yes >> there are stock prices don't. i know it's frustrating for you, for me personally, for our employees and obviously disheartening for our shareholders but my view is we are executing on our game plan we are outperforming the market. we are executing on our initiatives. and all thatch kas up over the medium term. >> let's leave it right there. i want to thank dan shulman president and ceo of paypal.

>> thank you so much coming up, know the facts about the new variants stocking this holiday season. cramer gets a second opinion you can't afford to miss next earn about covid-19,

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back to "mad money". >> thanks, jim it's great to be with you again. >> we keep hearing we don't have enough information, don't have enough information but we know that there have been planes landing from south africa to the netherlands and we know there were many people who had this dream are they doing contact tracing do we know they had double vaccination? don't we have solid samples right from the netherlands >> we do as you say, jim, we're 10% of those 600 passengers were found to have covid and a large number now are getting a sequinence to show it's the omicron variant. we do know they operate in the province in south africa it's pretty steep. but again, most of that is unvaccinated individuals so we're starting to accrue that information. but we do know a lot about the

virus structure and sequence, itself which is quite revealing >> there are a lot of people, we had bancel yesterday on "squawk. he was sanguine. made us feel good. then he gave us an interview, he was not sanguine, made us all feel bad i don't like this inconsistency. i like him very, very much what is happening say in -- is this hour-to-hour that we're getting more information because that kind of inconsistency creates tremendous uncert uncertainty? >> i couldn't agree more with you. we have to look at the hard facts how our immune system responds that's the main challenge. that is, in terms of so many mutations, that it looks different to our body, our immunized body from vaccines or from a prior infection and so, that is the main agenda here is how much does it really

invade our immune system you know what, we are so certain that when you get a booster third shot, you get a really high levels of neutralizing antibody you get a broader coverage of those antibody the other thing is t-cell. t-cells are what's protecting us from severe disease, from covid pneumonia. and our t-cells are very insensitive. not affected by variants to any significant degree so, there is lots of reasons for optimism that this is not you know some horrible situation that we're in. the vaccines should hold up against severe disease, especially when people are boosted and so i don't understand the inconsistency, the same person given two different messages they're not the same time biontech ceo giving a very positive message so if you just look at the biology, you would be optimistic, really

>> i hate to say but two out of three ain't bad. you got a very renowned scientist, a heavy weight. you got biontech and then have you bancel in the morning is bullish. doc, i got to tell you, if you came to me i'm not kidding, if came to me and said, jim, what do you think of the stock of chevron in the morning in i said it's good. i went to you, you asked me at 5:00 i say it's bad, you know what you would say you're a quack i'm not listening to you we feed consistency. i am feeling that your business is a better business i read your books. there are people that frankly ought to say no comment. you have been so straight. i follow you, you say that person doesn't have all the scoop yet. maybe they shouldn't be saying what they're saying. i say i believe there is a propensity to scare people then what happens is you say why should i take a booster? nothing works. and i mean, i got attacked last

night pretty heavily i said people should be vaccinated not unlike i got the polio job i didn't get polio, we didn't know what it was we didn't want to get it i am getting crucified because i said what they did is right. how is this wrong, doctor? how was that wrong >> so, you know, look, this is a three-shot vaccine we will declare that finally the cdc acknowledged that yesterday that all adults and soon older teens, all should have a third shot this is a three-shot vaccine we knew that from the beginning. was it only a question of you have one year, two years but it proved from a novel virus, that it really was five or six months is when the effect of this wanes. so we have to declare that so there is no more mixup. it's not a booster a. three-shot vaccine. right? now with respect to this

variant, you know, omicron i think is something that we have the one outburst in the one province in south africa which is steep acknowledging that you have a bunch of cases that are scattered now in 20 countries around the world but we don't have any other outbreaks of significance. we don't have any heavy vaccination coverage, especially, with third shots so before we get too out of control in an anxious panic, steve, we ought to be watching the last ones out in the days ahead, whether the serum is effective against the omicron variant. then we'll have as you started, we'll have much more data vax nace status and what is going on in these community transmissions that have been observed in germany, portugal and netherlands. it's only a matter of days we'll have a lot more. >> let's wait to reach the conclusion that it's really bad

and it doesn't work. i want to thank you for coming on, what you basically said is common sense medicine in public health not craziness and scaring people so thank you so much for coming on mad money it's always great to see you >> same here great to be with you >> that's dr. eric toepel. scripps research "mad money" is back. 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.

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>> it is time, it's time for the lightning round. sell, sell, sell, and are you ready? the lightning round, let's start with joe in missouri joe! >> caller: hey, jim, thank you for taking the call. i know about docn digital ocean. the market didn't seem to mind they've taken a beating since. >> look, it's in the right place. it's tools for developers. i think are you in buying shape. it's a very high multiple stock. that's what's causing it to run. brian. >> caller: jim, happy boo-yah to you and your family. i want to know what you think about black star and covid >> that has not been the case so far. you can speculate on it, brian, it has not been a winner

i don't think that will change morris >> caller: hey, jim, a big fan here i want no get your thoughts on this new ev play ggpi. >> no, i looked at this, when we were talking about investment club, people, we got together said okay. just one more, one more. i'm not there. i'm not backing this group just can't ron in florida ron. >> caller: hey, jim. i got a company that my wife and a lot of her friends are switching to for online shopping because quote her words, they love the pickup process. what are your thoughts on brita? >> so many companies are doing the same thing, your hope is macy's invests in ecommerce. otherwise, i say nwo no way out john in utah john >> caller: jim, how are you doing? >> i am having a great day how about you, john?

>> caller: both things are good. thank you. i have listened to you for many years. >> oh, thank you >> caller: i appreciate all the positive investment advice you've given me. i'm calling about nokia. >> i have warmed up to nokia i'll tell you why. we have tried to shut the chinese down in a lot of telecom infrastructure people around the world are getting tired about the oppression and the tactics of oppression do not go well with democracies you are selling into, i like them. michael if florida, michael. >> caller: jim, how are you doing? >> i am doing well, how about you? >> caller: amazing amazing. >> that's good >> caller: so do i ask my question right now >> yeah. why not. it's as good a time as any >> caller: okay. so, jim, i love your show. i watch it every night with my one-year-old son elijah. >> smart kid. >> reporter: >> caller: what itself your thought on delta airlines? especially think you should buy

some tomorrow and if omicron gets worse that other than united has become my favorite airlines. that, ladies and gentlemen, is the lightning round. >> announcer: the lightning round is sponsoreds by td ameritrade coming up, the fed speaketh. nypd out how to react. cramer wants you to put your money to work. find out where next.

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the pandemic didn't bring us down today it was fed chair j. powell starting to tap the brakes

sooner than we thought here's what puzzles me who the heck is selling off this news now who decided the bulls were more hawkish on inflation let's take this one. first, there are is people who have been spooked by inflation all along and feel like powell is fondly on their side. they want to scare you out of your stocks in the worst way they are great at fear mongering. it's their strong suit second group, there is another contingent that believe this is whole foods market is propped up they're confused the fed taper is quantitative easing with actual rate hikes. we don't see those rate hikes soon powell changed his mind. the problem is they seem to assume powell will keep rates low forever. that's ridiculous. we own always get tighter policy third group of sellers, those who bid a lot of money and don't want to lose it for any reason, whether we're talking taper or

omicron. they are up so much. it's good if you get out, get back in. most can't fourth group you got sellers that want to get out before omicron causes a slowdown that hurts earnings they threw the light salesforce guidance they expect the market to dip once we start seeing hospitalizations here. they know they can buy their stocks back lower later. again, too nimble for me the problem for the bull markets is that all four camps of sellers are indifferent to price they tend to dump the whole s&p and feel relieved when they get out. as for me, i think you got to be more constructive. we need to keep cash on hand for the charitable trust we can put to work why bother what's driving this decline is a fear the economy will get hit with a one-two punch of the omicron variant and the fed taper. omicron is bad for business. powell is not going to tighten if omicron is no big deal, taper

makes sense. at this point i'm actually more worried about missing the christmas rally than getting slammed by an early christmas sell-off that's why we put some money to work in the travel trust thick your bulls i i can to say there is always a bull market somewhere. i ♪ a deadly school shooting yet again in america i'm shepherd smith this is the news on cnbc. >> we have updated information on the number of deceased. it is three. we also have eight others that were shot. >> a 15-year-old student arrested updates on the developing situation at the high school in michigan covid omicron spreading, white house officials pushing for calm as markets plunge. >> the fed testimony on the