>> mcdonald's, q >> thank you, guys thanks for watching "fast money. "mad mo "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 is always a bull market somewhere. and i promise to help you find it "mad money" starts now >> hey i'm cramer welcome to "mad money. i'm trying to make some money. my job is not just to entertain but educate putting context, teach, call me or tweet me let's talk about pain! >> the house of pain >> raw, nasty pain not the kind that stops with icy

hot, aspercream or a morphine trip that is physical pain. i'm talking about the kind of agony you don't get over the pain of getting things wrong in the stock market! this is something that happens every day. including this one dow flat, s&p 500 dropped .72% nasdaq nosedive 7.1% but you don't care when it happens to the other guy you only care when it happens to you. i don't blame you. today we can meet our first investment club meeting. so much fun. pretty much bear it all. i got to speak to a special woman that lives in my daughter's old stomping grounds of talent, oregon. she asked me about the stock of boeing now have you ever noticed how nobody everstumped on tv they have a glib answer. i've been running the lightning round for 16 years this one hit me hard

it had me struggle it -- it kind of had me blinded. because the terrible trust is pummelled by boeing of late. although we have a good cost basis, i'm totally beaten down by this one. really exhausted. this morning i had to hear about how american airlines had to cut the flight schedules because they didn't get the dream liners from boeing. why? of course it's the faa, right? they see problems with the plane. problem thatmanagement assured me would have been fixed six months ago the thing is delaud until late in the second quarter. we'll be seeing the planes one full ayear and must sources told me not to worry about it my sources were good they were. i mean, they said the problem would be fixed pront yoe meanwhile, china's recertifying a 737 max, the troubled airplane that was to blame for two accidents that killed hundreds of people. but this thing still hasn't been green lit. and there are no new orders from boeing's biggest customer yet. given the political tensions,

maybe there won't be so what do you do in this situation? a part of me wanted to tell her she shouldn't worry about it the sfok wtock will be fine. i'll be fine stand pat. part of me want to say the whole thing is unfaur. what does the faa want gave the calhoun's head on a silver platter if he gave him the ceo's head, would it make a difference oh, the gears were going in my head i'm surprised steam wasn't coming out of my ears. i was just on the verge of saying, you know what? enough already let me out of the house of pain! but then i recalled that just this morning i had read a store you and then saw the ceo of cvs, the drugstore chain, buyback, raising the forecast setting the stock up 5% in a day. what does cvs have to do with boeing they're up $30 from where it was trading when the travel trust bailed on it we battled this one for ages

we were glaed to sell it at a slight profit f we had just been able to handle the pain of a story we knew well we could have crushed it we always dream cvs would announce a buyback they couldn't. the balance sheet was so stretched. it turns out it just said we were not patient we never duipped our feet into the promise land because we couldn't take the pain it was just too much for me. boo! >> oh, and then i thought of viacom this is all happening when you're doing this thing. you thought about a stock that got cut in half on our watch i couldn't believe how we could be so wrong about the dark days. >> nothing >> the ceo is doing a terrific job. he said had paramount plus for streaming. franchises were making fortunes. but like cvs, we sold cvs and we told viacom for the travel trust this time at the bottom!

why? couldn't take the pawn stock went up four fold almost immediately. it never should have been down so much in the first place i hate putting anything on cvs ever since then. so what i told her in oregon is smamz you just have to take the pain yeah sometimes. sometimes there is no choice if you sell boeing stock here, i think you will be kicking yourself i don't know when. i can't tell you just like those foolish enough to sell cvs or viacom. we couldn't see when the turn would happen we couldn't tell let's step back for a second i'm not a dug in the heels guy i'm a discretion is a better part of valor person why am i upset about boeing snt short term is horrible i can't take kidding, i think the long term is bullish that said, unluke so many other kmen taughtors, you admit i've been very wrong. you take the pain when you've

got a real that he is is and my thesis here is real simple first, most people on earth never set foot on an airplane. that is a staggering fact. we think of air travel as commonplace. most people are not wealthy enough to enjoy it that is changing take china in the last few decades, china lifted 800 million people into the middle class and they now view air travel as a right of passage regular viewers know i have huge problems with the chinese government not with the people. just think my view is no different in terms of the current president or the last president. you have to believe that chinese will buy more planes from boeing because they can't do without them which brings me to the second reason to own boeing there are two companies on earth that can make large craft commercial planes. boeing may have execution right now. but it is part awful beautiful duopoly. they can charge an arm and leg for the planes they only have one competitor. gary kelly, the outstanding ceo

told me this morning when i interviewed him, air line that want to shrink the carbon footprint need to retire the older planes and they are noisier. that means they need to replace them with new ones you can't just keep using the same aircraft. they get used up now that big business is taking climate change much more seriously, almost every airline in the world has a fleet that is too old. they need boeing finally, if you believe as you do the pan dem sick finally running omicron strain will be dealt with, you have to believe there is a huge travel boom next year. now i know there are millions opinions flying around about how contagious omicron is, very and deadly, not as deadly as dealt yashgs and whether the booster shots work or not, i need you to start getting your arms around the concept of risk, exceptable risk that's what lijing for we're not just going to do

nothing as we wait for covid to get stamped out. two kinds of people when it comes to vaccinations, all three shots, right, in which you are fine or you don't care whether you get sick in the first place. either way, i think the surge in air travel is the biggest change in the new work world. people want to go away and explore. therefore, they can do it wherever they want they can take off dawys, some people are worried that zoom killed business travel i think is always some business travel what matters more though is there raren't anywhere near enough planes to meet the demand the orders will be placed as soon as governments saw it's cow. i have faith that the boeing board of directors will do what is necessary to make the recollectors happy bottom line, sm sometimes a company's long term prospect are so strong that you have to endure the agony when management screws up. of that's why it's worth to take the pain in boeing

let's take some calls. >> caller: hi, jim thank you for taking my question do you think apple can us is staun the upward momentum in the face of the supply chain issues? >> well, i think it can. we just had broadcom report a great number they're onest suppliers. i know a the lot of suppliers don't talk to about apple. they say that they can meet the demand because they are prepped for it they believe in apple and apple wants a lot of product i you this they're fine. i wouldn't worry let's go to josh in north carolina josh >> caller: big boo-yah, jim. how are you this evening >> josh, i'm doing just fine, man. night having people in the club today. i'm doing good wlachlt is happening with you >> caller: i really enjoud that today. i'm glad you had that. is this a monthly thing? >> yeah. every month. we have a big staff here we'll pull it off. >> caller: first time caller i've been a member almost a year now. and my portfolio looks very similar to your charitable

trust. >> good. >> caller: you've got a door dash you know, i've been holding on to it and stuff. 25 points down i want to get some feedback on you. i thought i read between the lines on something you said today about when -- i felt luke when it gets to a certain percentage and nothing -- it's not like some of the big companies that maybe you should take the hit and reinvest the money that you got >> i said these can bounce i talked about how you don't know or like the companies that aren't making any money and spending a lot of money and have good sales that's not enough anymore. so what i am saying, although there will be ones that do i prefer oracle which makes money. up big tonight i think you have to wait for a spike up in door dash to take any action though. but door dash is defuning what i said in the club call. that say very good read of the situation. one of the best parts of our amazing cnbc investment club meeting is the questions from

members. special thank you to wallace from maryland. remember to head to cnbc.com/investingclub/live to see the whole cnbc investing club event today by the way, thank you for all the nice comments about what we did today. i know being in boeing hurts i'm sharing that pain with you but for now. sometimes a company's long term prospect are so strong that it is worth it to take the pain p on "mad money" tonight, no pain there. reporting records on spam sales. i'm taking a bite of a stock with the ceo to see if the company buying skippy and my fav planters can turn up portfolio and we have the investment club event. i had the opportunity to speak to jim farley. i'm recapping my interview and breaking down what we leshd. and mp, mountain pass materials, announced they entered a long term supply group with general

motors to provide agreements for batteries. and i'll discuss the deal with the company's top brass. stay with cramer

it's spam time this morning we got a tremendous quarterer from hormel. this is a stock that has been struggling wall street abandoned the package food place they didn't want them.

they're putting up excellent numbers. maybe best in food group they gave you top and bottom line 32% organic sales growth. imagine also issued solid guidance for next year this is a stock that barely budged h stock caught fire up 5%. after the move, a fauirly inexpensive stock. i think it is what kind of stock that can work in an environment where people worried about a covid outbreak and rate hikes. but it is a good place to have snack and at home. people are doing that with a hybrid economy i'm thinking about this one. don't take it from me though let's check in with the chairman and ceo of hormel to get a better read on the company >> how you are, jim? thanks for having us we're coming you to live to you from the spam museum in minnesota. >> i take must wuf there much she is a spam backer from a

long time ago. i happen to have the pumpkin spam on my set nothing like that probably still selling well, correct? >> absolutely. i mean, spam in general is selling well we just announced earnings today. we had our seventh consecutive record year of spam sales. that's incredible we had to announce new capacity we're going to bring on line in 2023 to meet the demand. spam is as strong as it's ever been. >> what's incredible is everything is as sfrong as it's ever been. every acquisition you have made. and this is despite the fact that i'm quoting you, labor rates, fraites, supplies, raw materials, all remain above year ago levels how is that possible that you still delivered? >> as you know, jim, it's a testament to our team. and our supply chain team has just been doing heroic work up and down the supply chain. we've had countless interruptions. we've had packaging materials

and ingredients not showing up, trucks that we haven't been able to ship on time. but in sput oite of that, we fo solutions. our sales and marketing teams have done amazing job creating that demand with the consumer. and so i mean as you said, you go across our entire portfolio, every channel, every segment whether it's retail, food service, del yu, international, just really, really strong growth i would say that in some ways this pandemic has brought out the best in us because we're collaborating and working together as a team >> now at the same time, you had integrate a gigantic acquisition. the planters acquisition uncredible brand that was completely undermanaged. you unt greated one of the three plants how is that going? >> going really well it's performing on the high end of all our expectations, jim as we by this where we're going to take that business in 2022

and beyond, we're having conversations with retailers and customers that we just never had. so we really been able to amplify our snacking base. you can see from our portfolio a number of snacking items but when you add planters and the scale that brings, that changes the conversation it unt deuced us into the convenience store dhchannel in a much bigger wau. we look at 2022, again, we expect it to perform on the high end of our expectations. we announced when we bought the b business we also have great new innovation, marketing, packaging design new f new flavors coming into the market >> you spent a lot of money to acquire that you stretched the balance more than i thought you would have. but i that i was a good idea you still managed to increase the dividend which most viewers are grateful for >> yeah.

we have had an amazing run we're considered a did dividend. we announced our 56th con second tough year of dividend increases. and it's one of the things that when i took this job five years ago said i'm not going to be the ceo who breaks that string and so we know how important it is to our investors. it is also equally important to maintain that strong balance sheet. we've been able to do that even with the acquisition that we made of planters we're ready to go. we have a lot of options if we want to make another bolt on acquisition and investments for capacity and investments in other parts of the business. we can do anything we need to do >> one thing that i thought was interesting, you represent what i see in america today which is the actual commodity that's you're starting to buy are starting to go down. it's all this other stuff. it's all the freight all the things to get the stuff to the store to get it to you. that's where the real inflation in this country, is isn't it

>> it really is. when you think about the laub incre increases we had, other supplies, getting the products shipped as you mentioned that inflation is real it's significant and it's being passed along in the form of higher pricing >> one last question what is the hottest thing you're selling right now? what are people -- what is the snack food for the high brud economy where the kids are home and the people that in their 20s and 30s not going to work. what do they -- >> like i said, the planters business is strong our columbus is families come back together is from item as you look across the portfolio, it's not just any one item we have a portfolio to meet every family's needs we're excited. familiar luz and friends get back together. we're there for them there is something there for everybody. we're huge planters people what a fantastic move.

there are so many other good ones i want to thank the president and ceo. makes it look easy have great holiday season, sir. >> happy holidays, jim thank you. >> stay with "mad money.

let's talk about one of the greatest turn around stories of our era. talk about ford moetor. it's been one of our best performers we started our position at $9. now it's at $19 and change if you want to know what is driving that move, it's because the relatively new ceo has

orchestrated an uncredible come back last year they brought in a real car guy to run the company the first order of business is run the company like a for profit enterprise. in the old days, they were more committed to building cars everywhere in the world. a statement, even when they couldn't make money on them, yeah a lot of places. they kmuted to make money in every market they participate in or else they leave it. and every car and truck they build or else they won't build them every one. more recently, he's maud a massive push into electric vehicles earlier this year, they rolled out the mustang. sold out immediately they got a huge lineup coming next year including the electric f-150 lightning pickup truck he's been working to raise long term supply agreements for the semiconductors and batteries this is a dog fight there. they maud savvy investments, too.

autonomous driving technology company. not to mention the position in rivion er that now worth $12 billion, their stake alone. now easterly youer to dau we had a chance to speak with jim farley as part of the cnbc investing club's regular conference call. if you want to see the whole thing, of course, you have to join the club. here's what you have to do go to cnbc.com/investingclub/live. wow. okay there it is. this is such a great interview i thought i should share the lights with you. now what makes me so confident that they're doing well even in the face of the semishortage, the company split the quarter was strong by the way, added did you have dent late october, they doing is kind of reorganizing. making it clear that they can do even more dividends than just the one they've done why? well, listen to farley >> our business is getting a lot

of momentum now. the company is getting healthier. is off we thought it is a right thing to reunstate the dividend. we want to go higher and our cash position is great we have uncredible demand for our product. we have the green bond that came out. we lowered interest rates. we took on a little more debt during covid-19 and now pawing that very expensive debt back. so our balance sheet looks good. we're going as deep as we can to reward shareholders. >> they used to have a gigantic dividend then they had to get rudd of it. how about the putsch into electronic vehicles? that is something i care about listen to this >> we're completely oversubscribed to our battery electric vehicles. lightning especially the f-150 lightning. america's best-selling vehicle everyone loves the electric version. they haven't even driven it yet. wait until they drive it 0-60 in like a 911

it' incredible product we had to stop rez vservations got so many. >> i'll take that. the f-150 is the best-selling vehicle in the country for the past four decades. that's right, 40 years i this i this electric version will allow them to mount a serious challenge to the only major player in the space, tesla and to make a lot more electric cars than gm although gm is doing a lot of right things too. but can ford really compete with the all powerful trillion dollar tesla? >> we have the scale our electric business so that we're competitive with them in scale or beat them in more profitable segments like pickup trucks and commercial vans and we have to make money on those vehicles the scaling is a first part. we have a road map we now have the talent in the company like doug fields that came from apple and tesla. the so we can do this. but it has to be both. >> doug fields, the guy that is running the apple electric car

business that is a real nice pickup by jim farley make no mistake, ford is aiming to win farley raises cars in the spare time says -- second place is the first loser. that's how i look at business. ford employees deserve the best leadership and our unvestors are betting on this company. so, yeah, you should expect us as we go battery electric, we can really reinvent the brand. and we're doing that with f-150 lightning. now we have to develop a lot more vehicles just that good and build them and do it profitbly >> second place is the first loser. i'm going to use that for everything i do in the sports world from now on. we have a supply chain trice cruise us in this country. so, yeah, you have to ask yourself, can ford come up with the materials they need to launch the massive new electric vehicle lineup next year

that's the big kplucomplication listen, sounds like the answer is yes >> we can put more shifts of workers on our uaw members are ready to make the vehicles. wet have find batteries. that's in the muddle of what we're doing. big companies, we're not used to committing this stuff that we don't have all the answers to. we think we can do it. in 24 months, we're going to double our capacity for these battery electric vehicles of, we're on the well of doing that we have a lot of unkremental battery kmutments out of our georgia facility. the and we really think we can do it. and my naum is on the line >> if they can double capacity for electric vehicle capacity that, is huge for ford and huge for you if you're a shareholder. he is adamant they can do it >> don't bet against ford when we have to increase capacity this is what we do >> what about it

the electric vehicle company they became pub luclic with a b. they originally had plans to develop electric vehicles with them that plan is scrapped. farley, i mean, uniquely though, doesn't sound threatened at all. lus en >> we're really excited. it's a great american company. you can argue about what sut worth versus what ford is worth. i like the talent over there like the positioning of products they have pickup trucks and van owners we like those people hard-working americans that want to make this transition to electric >> well, they've come down big from the highs still nearly a $100 billion company. ford still owns 12% of that. i wouldn't be surprised if at all if they eventually sell the stake down to zero, frankly. it's too dicey they need the money. the bottom line, i feel confident about ford because the newest ceo has already done a

magnificent job turning the buzz around and really aiming for profitability, no the just world domination the zooi guy is a straight shooter. i spoke to him earlier to day. i urge you to join the club and watch this whole interview he sure sounds very confident about the future more importantly, betting against hum has proven to be a serious and a costly mistake remember to head to cnbc.com/investingclub/live to see the whole event today. it's amazing we have incredible questions from you the questions from the members, the best part of the show. so many that we were not able to get to all of them so let's take one of those calls now. >> caller: when i received the updates on purchases, i notice that you mention the percentage of the portfolio, the asset represents how do you determine the allocation percentage of each asset in your portfolio?

thank you. >> thanks, jim >> thank you great question i like to do -- this is something michelle from pennsylvania, by the way, when i like to do is not have any one stock be able to control the direction of the funds so let's say today let's say we add a stock up say, 25% andure whole fund swung 15%. we're too correlated and too big. hardest way to be able to cut back though is sell on great stock. i don't want to have say more than 6% in individual stock. it's a discipline. we do a little selling when that happens. l listen up, i'm bull ush on jim farley and bullish on the ford motor company. it is one of the greatest turn around stories of our era. it is not harolded enough. mp materials are announcing plans to build a factory in the

u.s. i'm learning more about the company and i'll talk with the ceo. that's what you need to know to build the bat ruz that farley covets so much covets so much i'm trying to set upjohnny, youe working with the number one choreogra you in redshore cityr playbook all your calls in rapid fuhire n the lightning lound. tippy toes, tippy toes, i don't see your tippy toes. oh come on he's having a laugh.

the internet wasn't built to be a place of walls. but then the walls went up and choice became limited. until now. now we're in a new digital landscape of emerging channels, data-driven campaigns and measurable outcomes. welcome to now - the new open web. powered by people-based software from viant - a new standard in media. the upgrade marketers deserve. viant. built for now. ♪♪ ♪ ♪ well would you look at that? ♪ ♪ jerry, you've got to see this. seen it. trust me, after 15 walks ...it gets a little old. ugh. i really should be retired by now. wish i'd invested when i had the chance... to the moon! [thud] [clunk] ugh... unbelievable. unbelievable. [ding]

- stand up if you are first generation college student. (crowd cheering) stand up if you're a mother. if you are actively deployed, a veteran, or you're in a military family, please stand. the world in which we live equally distributes talent, but it doesn't equally distribute opportunity, and paths are not always the same. - i'm so proud of you dad. - [man] i will tell you this, southern new hampshire university can change the whole trajectory of your life. (uplifting music)

we can put more shifts of workers on we have to find batteries. that's in the muddiddle of what we're doing. we don't have all the answers to but, you know, we think we can do it. 24 months, we're going to double our capacity for these battery electric vehicles.

we're well on the way of doing that we've got a lot of incremental battery commitments out of our georgia facility we really think we can do it my naumme son the line. >> howe. how do you play? how do you play the ramp up in electric vehicles? why not work your way up the supply chain with mp, that is mary peter materials the largest producer of rare earth minerals they're dauifferentiator. the rare earths make electric cars and trucks. just the way it s just today though we learned that mp materials is moving up the value chain itself w building the first rare earth alloy and magnet facility in texas. they signed a contract with with general motors this time it is essential for evs. that's why the stock jumped 3% so let's take a closer look. he is the chairman and ceo of mp

materials. mp is mountain pass. to learn more about where his company is headed. welcome back to "mad money." >> hi, jim, thank you for having me back. great to be here on a special day for you. congratulations on your first day of investing club. >> thank you we talk a lot about evs with jim farley obviously, he's mary bar has this great deal. it is clear that in many ways your company holds the key to what could be the bottle neck. and i want you to tell our viewers how important what you just did today was when i first met you, this was my hope. and you really delivered thank you, jim that is absolutely it. we think that the upstream is the key to the electric fiction. as we go through this transformation, there is a lot of industry that of the supply chain into needs to change when you look upstream, there is not enough stuff for everybody to compete so we think that the

electricfi electricfication race is going to be won upstream it's been our mission. >> at the same time, the numbers were fantastic numbers increased juic gigantic. to me, the plant that you're opening, and the way that you're going to be able to educate any arrangement and our whole country is beholden to china lay out the next four years. people won't believe what you just accomplished. >> thank you first, a lot of the credit really goes to gm for having the confidence in us, the commitment to see what is really happening out there in the land xauscape being one of the leaders going upstream in this space so we have a long term commitment with them we have to execute we think it will be very attractive for the share holders and a great partnership. it will be great for gm and the

country. we're going get the supply chain home as you know, about 90% of the supply chain is in china it's a single point of failure for the industry the down stream is realizing that this needs to change and so we're lead rg ting the front. >> is the government doing enough to recognize that once again the chinese have an edge on us and we have to make this it's just not sustainable. they own the rare earth market >> i think the private sector can sol of this problem. i think the first movers like gm today are the ones who are able to produce three, five, seven years out. when you look at the street numbers for electric vehicles, what you're going see across a lot of the kmod commodities, thi not enough for everybody and so i think it's going to be a private sector solution. the government can certainly

help and it's welcomed this is a race this is a key first. >> the previous company that didn't make it, that you made it took over, always told me that mountain pass is huge. i didn't know it is the world's second largest rare earth production site. that gives our country mult iple years of the materials we need. >> we're the second largest producer in the world. you can look at our numbers. we're profitable today just selling intermediate product and it's really remarkable what is happening out there. we continue to execute at mountain pass and then move down stream into magnetics starting with gm today. and we'll continue to grow that business there is just a lot of open space. this is a huge growth opportunity. >> okay. we don't know the actual news. this is important.

they rauz more money they did hurt the common stock i want you to be big i think it's perfectly reasonable to ask with these ambitions, isn't it time to raise money? we have $1.2 billion of cash on our balance sheet. we have $500 million in net cash we said today that we, you know, we believe we'll make this facility, the first facility with the net cash, you know, comfortably with the net cash on our balance sheet. we're positioned to do this. and i think it's also very important, you know, we said from the very beginning that as we move down stream, we don't rob peter to pay paul. we have a very exciting stage two opportunity. so, you know, we're going to keep moving forward on this.

by the way, this facility represents sub10% of our expected output. this is a multibouillon dollar company. multibouillon dollar smi chaunz do supply chains don't move overnight. >> at times i've been skeptical. i shaurdred that with you. >> you always stand up you delivered. i want to congratulate lawsuit you. great job, james >> thank you, i appreciate it. >> chairman and ceo of mp materials. delivering on everything he said he would "mad money" is back after this >> coming up, a storm is coming. give us a call cramer's got the answers to all your burning questions the lightning round is next.

♪ ♪ cases of anxiety in young adults are rising as experts warn of the effects on well-being caused by the pandemic. ♪ ♪ ♪ ♪

♪ ♪ ♪ ♪

it is time >> hesell, sell, sell, buy, buy buy. are you ready? let's start with desmond in indiana. >> caller: this is mr. cramer? >> yes, it is. how are you? >> caller: i'm fine. my question has to do with an ipo that you recommended some time ago royalty pharma >> i can't believe, sir, how low the stock s i mean, honestly i checked in with the sponsors of this.

this company is doing so well. i don't know what to say it is doing uncrincredibly well. i would want to stay long on this stock tom in connecticut tom? >> caller: boo-yah, jim. >> thank you, tom. >> caller: watching your show for a long time. we're a member of the investment club we saw the investment club today. it was great looking forward to more. >> thank you >> caller: down to business. pacific railway. they're looking to merge with ksu. if the wheels don't fall off the deal, it will be a dominant player between canada, u.s. and mexico a question is, do you think they're a bay, hold, or sell >> no, it's a buy. i think it is a lagger in the group because of the transaction. you have seen what we're doing with union positive civic. it's a monster i think that already will be playing catchup to unp dennis in florida. >> caller: jim, thank you so much for taking the call

greatly appreciate it. appreciate all your hard work. >> thank you >> caller: very welcome. calling about ticker symbol bac. >> i'm not going to recommend con containership stocks these are ones can you look so great or so bad. i'd rather go with something consistent they're the ultimate commodity there is one from norwegian that is too little to even mention on air. now it is different. in the end, they trade like a u. mark in florida? >> caller: hi, jim i enjoyed the investing club meeting. >> thank you for being there for the first convention >> caller: my pleasure my question concerns standard lithium. they produce the key component of the lithium uon batteries

i started buying at $10.46 >> parts of the battery in demand i'm stucking with mp materials one more let's go to ed in ohio ed >> caller: boo-yah >> what's up >> caller: i'm an investment club members i started the morning one at 4:00 bhaz going on? >> my question is i own a pharmaceutical ions >> doesn't have enough juice for me never started maching a lot of money. i just can't recommend them. i can't. i luke the ones we talked about on the club a lot more, sir. thank you, everyone, for being part of that call today. and that, ladies and gentlemen, conclusion of the lightning round! >> the lite nung round is sponsored by td amature trade.

make sense of the day's market movers today stay tuned for a no huddle next. ♪♪ ♪♪

♪♪

coming up, bracing for a russian unsahratian. new reporting from the trenches in ukraine plus, travis scott on the astroworld tragedy how is it possible that we built 1.4 mill1.4 million sing homes in 2020 and last year we built less than a million homes even though we have 330 million homes. pause f because of the pandemic. we only built 880,000 sung will family homes in the pandemic free year of 2019. the fugzigures tell a store youf a country that hasn't kept up with the needs of the people if you go over to the toll brothers conference call from yesterday, you'll hear a staggering tale of the desire to own a home in this country

yes, according to red fin, get this last full week, the number of homes for sale nationwide hit an all time low. that is very good news for the home builders. they do an undecreed ubl job of puck wrg to build, for example, a great moment on the call, boise, idaho, is now a boom town do you know the toll figured that out ahead of time discovered it. this is the ceo. he figured it out. the they're going to that town and they practically cornered the market on available land more important though is the fact that something is fundamental will you changed in this country two years ago you want to own a home, the main residence that is nowhere near your home, that is absurd st how you would get a job can you work from home you had nowhere to go. savings grew then you are buying a house in a beautiful place like boise made a lot more sense we have gone from a country where we had a surplus in everything to homes, cars,

trucks, workers, to a country where it seems like everything is in short supply, especially labor. another four mullon people lefte workforce last year. where did they go? what we do know is this. no one was ready for ought will chaufrmgs, no one. o we can figure out how to get food to the stores at a heuer price. people pick new professions or figure out what they can do independently. many manufacture the people leaving the workforce had more savings than they thought. it is easier than ever to start your own business online let's circle back to housing in terms of work, lots of industries have already more or less gone back to normal that is not true for white collar workers tens of muillions can move to lower tax states, afford second homes, maybe even third homes. l

l list ens to the conference call last neutral they're the wild cards in the economy. they're turning the country up upside down. wall street is starting wrug off the home buyers the moment the fed chief dropped the word transitory from the inflation lexicon. they think the fed will raise rates until it's too expensive to buy a home. what if that's wrong what if they keep buying even as mortgage mortgage rates go higher i don't want to get bull usish n housing. they've had a big run much the pandemic unleashed a torrent of wealth and moving to one sector. the professionals have all the conditions to believe that housing will roll over the moment the fed starts tightening i'm starting to that i is dead wrong. when we got such an enormous housing shortage and components, one point toll talked about

having to buy appliances from home depot to finish homes what you have to do is throw away the old negative playbook and find a new, more positive one. i like to stay there is always a bull market somewhere and i promise to find it for you her developing right now jussie smollet found guilty. he lied to police. and the hate crime, the attack he claims he suffered was a hoax we're waiting for him to walk out of the courthouse. i'm shepard smith. this is the news on cnbc. >> his commitments to respond with strong measure in the event of russian military escalation. >> the push to avoid war president biden meets with the president of ukraine as concerns grow about a possible russian invasion we take you to the front lines and into the trenches.