come on. it's a little overdone guy? >> given the thematic of the show, my final trade should be pfizer, but it's not bristol-myers was up today bmy day two. thanks for watching "fast money" meantime, don't "mad money" with jim cramer starts right now 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 other people want to make friends, i want to help people save some money. my job is not just to entertain you, it's to educate, train, call me 1-800-743-cnbc you have to be nicer, tweet me

i like the market, you know what they say the market is too high it's too expensive you know how many times i've heard that people have been brainwashed in reality, there are parts of the market that have gotten cheap. some are in a proverbial bear market they're obscured by the high flyers if you look under the hood, the bargains are plain as day. averages might be too high i'll give you that i bring this up on the day when finally the other shoe drops the one that gave us our first case of omicron here which i said would send the averages into a tailspin, and it did. dow sinking up 462 s&p tumbling 1.18% it was really painful. while many stocks are down, not

all stocks are out, many are down we start hearing about omicron cases in the u.s we only have one so far. it's going to get much worse so now you can start the nibbling process. just nibble because it's inconceivable that this will be the only case. in fact, i do expect thousands of cases because we have so many unvaccinated people or so many people who need that third boost because they got vaccinated so long ago when the power is wearing off. the omicron strain is here to stay we just don't know when the market will start pricing in these looming infections it did happen before, it will happen again it happened in delta, it happened in 2020 in 2020 first strain came, it was okay delta, first strain came, saw how bad tvs, got the selloff and then we started thinking, huh, maybe we should be buying. that's what i'm prepping you

for. we are in the quick second selloff. the second shoe doesn't finish dropping in a single session there are plenty of names down big from their highs but given that it's the first day of december, why don't we go to the november videotape and examine some of the largest capitalization stocks that got completely a nile lated. they are decent entry points let's start off with the interesting names. we buy them for the charitable trust because they've been pulverized they're cheap not on this year's earnings but next year's earnings i'll give you four of them, disney, paypal, master card and wynn resorts look at the charts they're nowhere near the highs you need to understand our philosophy for the charitable trust. you can learn more by joining the cnbc investing club. we don't like to chase

prefer to buy stocks on the way up we don't buy stocks for the now, we're not trading, we're investing for the long term. very different we don't mind losing money on our first purchase actually, i love it when a stock goes lower allowing me to put on a larger position. i hate when we start buying something and then it ramps. when it comes to disney, paypal, master card and wooiynn, we hava good news/bad news situation they've all fallen when the trust started buying that's the bad news because our entry point was too high let's start with disney which is down more than 60 bucks from the 203 peak when i hear people say the market is too expensive. i like to hear disney is down too much versus what it's got going for it the theme parks. espn, yes, i saw the numbers the millions dropped espn plus the people are paying money for, movies, cruise ships. it doesn't mean that disney is

going to stop going down tomorrow no it does mean you've got to start somewhere. it does mean if you look back three months ago you can see how far it's gone. you might three months from now say why didn't i pull the trigger on something right now disney is being pulled down by the omicron virus. this stock won't stay horrible forever. why? iconic company that's franchise that's what you want broken stock not broken company you really want to tell me that they can't fix disney+ for something new? that's absurd. they may not even need something new. the mandelorean comes back disney is not perfect. we don't know. we don't know when omicron is going to be built into the stock market second, how about paypal down another 3% today. goes down 3% every day what point does it go to minus 3? no, stocks stop at zero. did you listen to what ceo dan schulman said? he's the ceo he made it clear that business near term is better than

expected i know some sellers are motivated by paypal is not so hot. sure i'm motivated it's down 131 points on the street earning 10 high that's a bear market a bear stock it will be one thing if the franchise were falling apart if the last quarter it would be weigh the down by the overhang of the ee bbay a fffiliated pass got to buy got to start somewhere it could get more insane take a look at ma. master card. this is down 95 bucks from the quarter 1 peak bear market. only two weeks ago the ceo told us business is terrific. nobody cared he just boosted his buy back by another $8 billion irrelevant and raised the dividend by 11% meaningless. i think all of those things are ridiculous but that's what people say right now i thought people should pay up for all of this good news. investors are worried master

card will get hit. i know these payment stocks are hated here i don't think master card is ready to buy at these lemps. much closer from the bottom than a few months ago every time we hear about a new outbreak it's going to get hit at what point does an outbreak not matter i don't know which is why you have to start somewhere. one of the most hated stocks i've ever seen, called wynn resorts. cut in half. has an $8.8 million valuation. that's way too low given the valuation of the companies it would cost 13 billion to buy them it could be acquired by mgm or las vegas and. they know they're best in show believe me, the insiders would be happy to cash in. consider some other very obvious ideas. we were in san francisco two weeks ago. williams sonoma report so what, the stock is down 36 from the high. bear market. become one of the cheapest retailers i know crazy? could it get cheaper of course.

did you buy it anywhere near the high no they're buying at the high well, now there's american express. they have great ties to small and medium sized businesses. how about c. it's going to be at 59, 58 it trades at $17 discount to its tangible book value. that makes it a steal. not that i want it, but it is. they can sit there and buy back stock all day and make money on it, but will they? i don't know i haven't heard from them. i can name many more there are tons of stocks in bear markets that are much further, much further from being expensive than they were they are in bear markets sure they may have been expensive a month ago, but down here you take a year long expense, like my charitable trust, then you don't know when it will bottom i don't care about the whole market i'm looking for bargains, for

anomalies, damaged stocks of quality companies. with omicron everything has gotten suddenly scary. you can't sell everything but the investment club teaches patience you buy some now and then you can buy some later when the next omicron story comes out, and that's also bad, for days i told you we were waiting for the other shoe to drop, it just hit today. in this market a shoe doesn't drop in a day. bottom line. you wait too long to buy the bargain basement stocks and omicron becomes a runny nose even for the vaccinated even as the unvaccinated give themselves their god given right to get hospitalization and death. you didn't catch the top, you didn't catch the bottom.

adam in texas. adam >> caller: hi, jim i have a question on the stock c limited. what do you think about it it's selling off pretty hard >> so i'm so glad you asked about this here's the problem with sea. your fellow shareholders they're running for cover. they own their own market. it's incredible. it's uber. it's everything. it's ebay. it's amazon. it's everything. at the same time everybody knew that and they are jumping ship if you want to start a position, can you do it. remember, it's going lower because of your joker fellow shareholders who bought the stock enmarch. can i go to alex in oregon >> caller: hey, jim. i just wanted to know coca-cola given the inflation and interest rate situation. >> buy coca-cola here. buy it here. you bought it in 2001 but you have to buy it in stages

3 1/4 and it had a fantastic quarter. buy 100 shares buy 25 tomorrow. coca-cola is not going away. it's not going away. we can't catch bottoms, only liars catch bottoms. what we do is we start when it's a lot lower than it was. that's right, it is time to do some bargain hunting so take a look at these stocks and just understand, i don't think a single one of these stocks is going to bottom tomorrow, but i also know that you're not buying at the top unity software, they announced after the bell it closed on web exdigital. what does that mean? think about "lord of the rings." i'm talking to the ceo a strong seasonal pattern for the month of december. we have anything but that. will history repeat itself or is it over? i'm going to project the charts. and karuna therapeutics. it has some effects on alzheimer's and schizophrenia. let's talk to the ceo.

meanwhile, accept, accept that these aren't the top but they may not be at the bottom and 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 adss something he to madmoney.cnbc.com.

the xfinity black friday sales event is happening now on xfinity mobile. now new and existing customers can get our best wireless deal of the year - up to $1,000 in savings - for a limited time only. on the most reliable network nationwide, plus nationwide 5g. act now and save up to $1,000 with xfinity mobile. so you can go all out on gifts for the family - during our best wireless deal of the year... the xfinity black friday sales event. click, call or visit a store today. we saw whip saw action in the markets today. in the last couple weeks there were all sorts of fast growing tech stocks. it's been pretty steady. they have been obliterated by inflation worries. this is an a gnat ma to anything

that trades. some of these names have fallen. to me they're enticing unity software tools from video game developers and mobile gaming. unity has a magnificent stock, soared thanks to a selloff. it had a 4% slide. now it's all the way back to 151. you're getting a quarter for free they closed the acquisition and the tech division. it handled all of the visual effects in the amazing movie "lord of the rings." it could turn unity into a true power house. john is the ceo of unity software mr. rigatel, welcome back to "mad money." >> hey, jim. >> john, i've got to tell you, i think owning these properties, owning some iconic properties that allow developers to make cool things made me think that i could get into a meta verse with

some of these iconic, iconic drawings, tools that you give me and really create a place that's my own, that i'd like to share with others. i think this is the big opportunities for a lot of developers. >> yeah, so do i i think, look, first off, peter jackson is a genius. when he started to create the "lord of the rings" family more than 20 years ago, he started by creating tools remember when you saw gold for the first time it's incredible. when he built literally dozens of tools, it's a large organization, over 500 person years of engineering, everything from city building tools, virtual environments, things like barber shop make realistic hair, fur, moustaches. it's absolutely amazing what they've built. it's locked inside of this special effects house that has let up we get to take the films and

bring them to the rest of the film industry, music industry, video game industry. anybody that wants to demonstrate or show something gorgeous in the meta verse or any other form of media. >> john, i don't think people understand it takes these kind of tools to make things life like. they don't cut it anymore. you can't do without these kinds of tools, correct? >> that's absolutely correct if you think about a special effects, you know, any of the marvel movies, anything frankly -- some of the movies we love, right? they're essentially created one frame at a time, one pixel at a time absent tools. it is slow, laborious. there's not enough people power on earth to create this stuff without fundamental tools. just to mention one, barber shop, one of the products, one of the tools created by the web

-- weta team, they can create realistic hair, moustaches, you don't just create it, there's physics behind it. it looks like a helmet of hair it doesn't look life light or real the sparkle in the eye the texture on the skin. getting that exactly right artists can't do that one frame at a time and produce a movie once every couple of decades these tools are massive enablers to content creators in gaming, design, architecture, engineering. and film where they have the most advanced film production in the world. >> john, i was thinking about you when i was out at nvidia with jason wong. we were trying to -- he was showing me things and i was trying to figure out whether they were real or whether they were not computer generated but unity kind of things john, i couldn't tell. and that's the holy grail because everything else doesn't

have the right shading, it doesn't look realistic once you see the real deal that unity has with weta, you're never going to go back to the other stuff. >> yeah, i think that's right. i'm a bigg jensen fan and everything they're doing i have to tell you, if you ask me to create something beautiful, i'd be held back by the lack of skill. i can't draw like that i can't animate like that. i doubt that you can either. with tools like this you can create what you imagine. you can translate what's in your brain or in your imagination, in your heart to the screen or to a design and it can be photo real or anything else you want to create it doesn't have to be photo realistic. it can be a comic book if that's what you want it to look like. in choosing that, you have the agency you're not limited by your skills or limited by your capability to use a computer in an incredible way. we make that possible. >> so let's say i happen to be a

big nfl fan. i want to play wide receiver i'm not obviously going to do that in real life. can i do that in unity life? can i be out there with the other players and you can't tell that i'm not real? >> well, there's about ten questions wrapped up in that first off, there's video games, you know, from companies like electronic arts where you can play madden and be part of a game, but if you want to -- let me pull this back for a second a traditional movie is made primarily with a camera and then special effects are brought in after. in the future you're going to use tools like unity and tools like the weta which virtual production where the entire environment is created inside a computer and what you're essentially doing is using green screen to put somebody's face inside of that environment and movies like spielberg created are done that weta way the computer becomes the

primary, if you will, framework for the structuring of a new film or the structuring of a new design, yes, you can be inside of that world and you can inhabit anybody you want now a lot of technology goes into that. when people talk about -- and i think the term is a little over used but the meta verse, what they're really talking about is the things that we experience online or on the internet, they become 3d. they become interactive. they feel real like you're there. >> right. >> you've moved to another place. an early terminology -- early term that's a lock for this was presence the sense that you're in a different place. >> right. >> and it is an astonishing change it' it's amazing for education when they can feel what they're doing versus feel that there's a teacher at the end of the classroom talking to them, they're actually interacting with it. so much power if it's going to

be unleashed from doing these things tools that we're bringing to everyone now, the weta tool chain and the many tools behind it will be such an enabler to artists across that. >> well, john, you are a true visionary. it's going to be unity i know it's going to be unity. i don't want people to think about the stock, think about the future this is the stock a younger person watching now, this is the stock you own. john, so great to see you again. the thank you. >> good to see you, jim. >> "mad money" is back after the break. >> announcer: coming up, add some bows of holly to your head and shoulder cramer is rocking around the christmas charts next. mom, hurry! our show's gonna start soon! i promised i wouldn't miss the show and mommy always keeps her promises.

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when the future is uncertain

and the average is down. the market is emotional. fundamentals are unclear so i like to consult the charts, get a more quant thought that's why we're going off the charts tonight la larry's written more than a dozen books. more importantly his track record over the past couple of years is phenomenal. williams is the one who nailed the bottom when most investors were cowering in fear. he made a great number of calls, late june swoon, oil popping and tonight he's joining to do another big seasonal pattern these are all seasonal patterns. this is not really isolated. everybody in the business knows the stocks go higher in december, emphasis on usually. there are no sure things on wall street anybody who is trying to tell

you otherwise is trying to sell you something. if you know how to time the market and what to look for, as seasonal patterns go, williams like the seasonal rally. it's bankable. look at this on the s&p 500, december of 2008, the winter of our discontent when the western financial world was crumbling. if the financial world was a hurricane, then december of 2008 was the eye of the storm winters had a bullish seasonal pattern, the red line is the s&p finished the month higher. more figures keep that in mind when you think about omicron. this thing went higher year later, saw the same phenomenon checked out in 2009 that got started with a pull back followed by a powerful rally in the month we just don't remember it. this was a good time to buy. what about december of 2007, market on the verge of disaster. even though williams caught a

nice bounce near the middle of the month. these are incredible because i need you to be thinking about these when come we come in and think about lots of sick people in norway or whatever. generally speaking december is terrific for sfoks but even in the rare case when we get a bad december we tend to get a powerful rally in the middle or end of the month what about this more recent data 2015 another year s&p headed down people may not remember. it was kind of a scary time. once again the santa claus rally kicked in. that was near the 21st and stocks rebounded off the lows. if you want to ask about it, i think we're most looking at it that was the last normal market on record. the rally accelerated halfway through the market good, good, good, not so good, then boom. then again there's last year once again we had a good december in 2020 we point out that the optimal

short term entry point came around the middle of the month we have this, a little of little conflicts we're about to go into this is a long standing pattern that kicks in even when wall street is in turmoil that's my point. that's larry's point december of 1987, six weeks after black monday not only did the s&p roar but the seasonal pattern wicked in near the end of the month just like always and we caught another leg higher the blue line shows the seasonal line only shows data available at the time. we're right here not that great a time. you had to be in it to win it. what does this tell us about the charts from 2021 here's the seasonal pattern in red. williams says it's only grown more pronounced. if you only care about the seasonal pattern you want to buy on december 15th that's a lot of days from now when you're in the thick of it

today but it's not when you go back a little. you want to catch the mid to late month move. of course you should never go off the seasonal pattern alone we have very real worries. according to williams they're showing up in the charts we've had serious short term selling pressure witness today's beat down, today's ugly reversal right now the markets got bad. take a look at the daily action in the s&p 500 going back to september. the blue line here is the advanced decline line, a.d. line it measures the number of stocks going up versus the number going down on a daily basis. every day is the difference. it's the best way to measure the breadth of what's working. not very good. advanced to decline three weeks ago. that's the look at the charts. that's the last time they were any good tumbled all the way back meanwhile, the s&p remains far above the levels as far as williams is concerned, that's very bad news because the

averages tend to follow the advanced time line basically it already predicted the selloff. williams worries the market won't be able to bottom. the until putting in as close as we've ever went. we've started looking for cycles to get a better barrier. the indicators in black and the cycle is in red. this is very important this estimate right now if history is any guide the advance/decline line should bottom near mid december around the 10th, say? okay not that far from now. if that happens, he expects the stock market to follow suit. in other words, this cycle forecast follows what we've seen from the seasonal forecast pushed to a mitd to late december santa claus rally it suggests the next week or two could be difficult we're in the soup. we're here, okay got me if the santa claus rally is coming this year, how do you play look at the tape williams tabulated if you bought stocks in the final trading days left

in december every year for the last 23 years. what he finds is if you bought on the opening of the fourth trading day left in december and held it for one session you would have had a profitable trade in 22 out of 23 years. that's called 95% accuracy that's called amazing. it drops below 80% if you buy on the 8th day. santa claus is going to come to town he recommends buying the s&p 500 around december 20th here's the bottom line the chart's historical data suggest we're looking at a powerful rally near the end of the month. not right now. we might have another leg down before this market stabilizes. my view, i think larry's giving us one more reason to buy opportunistically off of omicron betting, betting that we will get us to where we're almost, okay, here before we -- i think we buy them a little earlier than he does but we'll buy them. let's go to mark in florida.

mark. >> caller: hi, jim pleasure to speak with you. >> thank you >> caller: my question is with best buy with their unlimited cash, i'd expect a great christmas season for them if the stock continues to drop substantially along with all of my profits and then some. where do you think it will go here >> i went over that story multiple times what happened is it anticipated a great quarter and you got a great quarter. we have seen this. salesforce, anticipated a great quarter, got a great quarter this is an anticipated pattern the question is do you buy some here or do you hold it there's no way you can sell it at this point. it's just too low. tonight's chart says leery williams wait 2348 the end of the month but you have to weather another leg down which is where we are before things stabilize. can you buy into this as it goes down my thinking is yes but gingerly

and with big spaces between. much more "mad money" ahead. including my interview with karuna therapeutics. i'm digging into the latest developments from the company's top brass. looking for a christmas rally? i'll build three scenarios to have aap hpy holiday and the lightning round. stay with cramer [uplifting music playing]

♪ i had a dream that someday ♪ ♪ i would just fly, fly away ♪

this is a good time to circle back to groups is that have been laid to waste for weeks. groups that are in the bear markets. that includes the early stage

biotechs there are always opportunities in biotech, you have to look for them which brings me to karuna therapeutics this is an early stage biotech working on medications for people's psychiatric and neurologic conditions. they're studying schizophrenia and dementia and psychosis existing antipsychotic drugs have unbelievably horrible side effects. unlike most biotechs, karuna hasn't dropped in the market it's up 21%. in the past month it's pulled back like many other stocks even though management gave a bullish presentation in november could this be a buying opportunity? let's check in with dr. steve paul he's the chairman and ceo of karuna thir a put particulars. welcome to "mad money." >> thanks for having me. appreciate it. >> dr. ball, our viewers don't

know karuna. this is your first visit what are you doing for some very difficult illnesses. >> thanks, jim karuna is a clinical stage psych focused, cns focused biotech company developing what we believe will be a best in class potentially game-changing treatment for schizophrenia and psychotic disorders in general as you probably know, schizophrenia is a very serious mental illness affects about 1% of the population so 3 million americans live with this disease. it's very disabling. only about 10% of patients with schizophrenia are gainfully employed life expectancy for these patients is reduced by about 10 to 15 years. tragically about 5 to 15% dye from suicide very disabling lifelong illnesse

treatments we have today aren't all that much better than when i was a medical student. we are using 20 drugs that were the same as the very same drug introduced 20 years ago called thorazine. we have a very novel, new medicine we've done three placebo controlled phase 2 trials where we've seen remarkable he have if i si jim, to your earlier point, without the very difficult, troubling side effects, weight gain, elevations in blood pressure, diabetes, neurological side effects, that profile is not our drug it works very, very differently. it has really robust efficacy at least based on our phase 2 studies without the baggage, if you will, of the current standard of care so we're excited we're in phase 3 as you mentioned. we've got four phase 3 trials up and running. they will read out the first of which will read out

june of this coming year, 2022 and the second pivotal phase 3 will read out towards the end of the year we couldn't be more excited about this new medicine. >> okay. now i know you have a tremendous background in this field so, therefore, you know exactly how difficult it is. why have the larger companies not succeeded and we think that your company can >> well, we've assembled a terrific team of people, but most importantly we have an exceptionally interesting medicine this was a medicine that i was developing way back when i was at lily. i was head of research at lily we had a drug we were developing for a different purpose. discovered anti psychotic purposes it had side effects. we've co-formulated our medicine with another medicine that blocks the side effects, brought it back into the clinic and shown this remarkable efficacy again, it's really based on clinical data.

we've also assembled a terrific team they kid me, we probably have a century or two experience in developing drugs in the space. a lot of battle scars, but we know what we're doing and we're very optimistic we'll be able to get through the trials. >> let's talk about dementia i run the american brain foundation gala and do a lot of work with the american migraine foundation i've got to tell you, i'm not saying these are difficult, i'm saying i feel like these are often impossible issues. i'm not defeated but i listen to karuna and i don't want to get my hopes up. it's just a bust after a bust after a bust can you tell people why this is so power until. >> yeah. let me also be clear we're developing our lead product for the psychotic behavioral disturbances in alzheimer's disease and other dementing disorders.

50% of pash went alzheimer's, roughly 6 million people in the u.s. develop very bad behavioral symptoms they hallucinate they have delusions. vocal outbursts. agitation. this unfortunately leads to nursing home care, hospitalizations, not only very troubling for the patients but you can imagine for their families our drug works we had a phase 2 study we conducted a number of years ago with the lead product at lily and it worked pretty well in this condition we have solved the tolerability issues we don't pretend this will slow the progression. you're right, those drugs have been challenging to find >> do you think the lily drug has hope against alzheimer's the current one. >> well, i'm optimistic, yes, as a former lily employee, i am optimistic but, again, our drug works very

differently. it works on a different set of symptoms nonetheless, very troubling symptoms the kind of symptoms that really impair life and the care of these patients. >> well, i can't tell you how it was important that you come on this show. these are diseases that are not talked about people see people who are homeless, they think that the people have something that is just -- they're just not right they don't realize that a lot of them have the things that you're trying to address. it must be addressed and i am so glad that you haven't given up like all the big drug companies have because we need to solve these issues thank you so much, dr. steve paul, chairman and ceo of karuna therapeutics thank you for being on the show. >> appreciate it. >> they're really important issues they're issues i am involved in personally people have opportunities and doesn't mean they can pull them off. if you believe and you want to take a leap of faith, karuna "mad money" is back after this

>> 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.

lightning round is sponsored by t.d. ameritrade it is time it's time for the lightning round. and then the lightning round is over are you ready skee-daddy time for the lightning round start with jerry in north carolina jerry. >> caller: boo-yah, jimmy chill. >> boo-yah i ain't chill tonight, i'll tell

you that much. what's going on? >> caller: april 15th, 1912, a big boat hit an iceberg and sank i'm on a big boat and we're taking on water. is it time to get the life boats out on ccl, carnival >> no. too early. too early. norwegian has the best balance sheet and then maybe we can go down to carnival brian in kentucky. brian. >> caller: rough couple days, jimmy. >> thank you. >> caller: good kentucky bourbon. a company whose numbers are distorted by the covid testing they built a great balance sheet, lots of cash. it's growing very fast omicron might extend the covid one fall buy, sell or hold on flgt. >> the stock is a mystery to me. it's doing quite well. i think it's okay to own very good company. let's go to jack in new york jack >> caller: boo-yah, jim.

>> boo-yah. >> caller: thanks for taking my call. >> yes. >> caller: thanks for all you do for investors. >> thank you thank you very much. >> caller: listen, i'm sorry about the g-men beating your eagles. >> they had it coming. >> caller: listen, i'm calling about canadian pacific i love the company. >> you should love the company it's a rail that has come down so far that i think you have to buy it if there's any chance the economy will rebound and i think it will. john in ohio john >> caller: hey, jim. how are you doing today? >> i am good how about you? >> caller: yes want to know your quick thought about atomic finance >> this is a stock that is going to get me in trouble with my followers on twitter all i know is that the sec according to the dow jones investigated the company i will hold off. tom in new jersey. tom. >> caller: hey, jim. thanks for having me

i'm calling about a biotech company out of new jersey imsm they have recently expanded to netherlands, germany, japan. they are seeking approval in the belgium france. >> pure spec pure spec. nothing beyond spec. losing big money just a spec and no more than that how about we go to keith in nevada keith. >> caller: hey, jim. boo-yah from las vegas >> all right. >> caller: first, yeah, i want to express my gratitude for you for all of your hard work. >> thank you, man. thank you. >> caller: a few weeks ago you had an interview with eric anderson the ceo of solid power. >> right >> caller: it's not trading under bcrc >> look, i liked it. i mean, i've got to tell you, this is -- again, with respect to the stocks, it's a spac and none of them seem to be working right now. it's a great stock in principle, how about that and that, laid tease and

gentlemen, is the conclusion of the lightning round. >> the lightning round is sponsored by t.d. ameritrade coming up, cramer dreams the impossible dream find out how this holiday season can be a little less les mis and a little more big biz next ♪♪ ♪♪

i like to leave you all

negative at the end of the day you always have to ask yourself what makes things go right it's easy to assume the worst about omicron variant. that's what the market is doing the terrible swoon doesn't mean the worst is going to come true it's just as likely we'll beat covid. some people will say that's a dream scenario jay powell says it's a terrific buying opportunity i am conscious the market feels like it's on the cusp of a terrible meltdown, an omicron led meltdown i get that you don't think i feel it? i do when everyone is as negative as i see it at this moment, you like to theorize that's what i'm going to do. first part of a positive scenario, maybe omicron is containable. we've gotten much better isolating the virus. so far it looks like our vaccines, a couple of masks and social distancing can prevail. moderna said existing vaccines

might be less. second, this may sound crazy but there's a potential positive here this morning john ellis published a must-read news item titled omicron may be our salvation. he laid out a very real possibility. omicron could be more contagious, it clearly is contagious but less dangerous. the delta variant was more lethal than the original strain of covid if omicron is less, then it could be a blessing in disguise. according to another professor, the director of the ucla genetics institute, we cannot rule out that scenario he says he's got the highly optimistic scenario of a late epidemic mutation that is extremely contagious, misplaces delta but does less harm he explains if we're, quote, a bit lucky, it could do less

damage if we're really lucky maybe omicron doesn't spread to the lungs and kidneys and stays up here which is how you end up with most severe symptoms. that sounds farfetched there are 30 nobel laureates plus last night we spoke to dr. eric topel he published a more appropriate piece in the guardian. it would be astonishing, no one believes it. these articles seem farfetched finally, one more positive scenario that could come true, although again somewhat doubtful, if our country gets serious about being making people vaccinated. something dr. fauci gave up on today. the other thing to fight covid like a war the same way president eisen hower fought polio i'm simply echoing the position of a republican president and

the general who led us to victory in world war ii. i don't know what to tell you. national vaccine requirements were pretty uncontroversial consensus before covid can't go to college without a meni meningitis the anti-vax movement was an antifringe thing not anymore. even if you don't like it, vaccine requirements are essential. america is the largest source of delta spread in the world. 90,000 new cases per day, 50,000 hospitalizations that's right this first world country, the one that's lecturing everyone else about closing its borders is the biggest covid factory why? because they want to defend your right to get sick and give it to me my hope is to be part of the solution and discourage it we have the three-part vaccine to do it but our politicians have to stop coddling people who are afraid of getting their shots and the president doesn't know his own power

i'm betting that can't last. if omicron turns out to be less dangerous than delta, very real possibility, government gets serious about making people get vaccinated, that's how we save lives, maybe turn the bear to a bull i like to say there's always a bull market somewhere, i promise to try to find it for you. i'm ji greatest threat tool i'm shepard smith. this is the news on cnbc the battle over abortion rights. the blockbuster case that could over turn. >> we know what we need to do.