rates. if he is going to raise rates, if rates are moving higher even at a glacial pace, you want to be buying the economic type tnkks, tse. >>has for watching we will see you tomorrow at 5:00 i'm here to tlefl playing field for audill invetstinvesto. tlauls there's always a bull market somewhere. >> hey, i'm cramer welcome to "mad money. at least that's over with. i'm talking about fact that jay powell spoke today agreed to raise interest rates

like we thought. the economy is very much on track like we thought. inflation needs to be curve before it destroys our collective purchasing power like we thought we ended up rallying hard after powell's comment because the big, bad event is finally over the dow gaining 383 points the s&p jumping 1.63% and the nasdaq, someone giving it the business every day the nasdaq exploded 2.15% higher the whole thing was like a bet of a test. others found him too dovish. not doing enough to tamp down on wage inflation or supply bottlenecks. they wanted the economic carnage that powell unleashed by accident in 2018, something i doubt he'd do again

>> he's flexible that plan will change if the data changes and the fed fund rate could go above 2% the fed will do what's prudent especially if the pandemic stays with us. powell once again threaded the needle that's why the stock market could turn around and soar. powell already signalled something like this was coming his bark is more powerful than his bite he swiftly had to change course, he's been measured and thoughtful fed chief

he said repeatedly he doesn't want to slam the break akes on economy until we see more gains in minority hiring he's always looking to help the disadvantaged. powell said we're finally making headway. while he's a pretty subdued guy, he was happy to have rates low enough to accomplish that mission in his life. in my adult life, i don't think i've seen a fed chief who prioritizes main street over wall street plus powell is not a bone head. he doesn't say anything about the pandemic except to point ou the more people vaccinated, better the economy will be he doesn't make stupid prediction about how rich he'll be no vows to hit us with lock step like he did three years ago to say we got a rate hike he said the power of his own words even as the questioners want him to plunder or test his conviction he knows that commodity inflation has been tamped down by recent pivot.

lots have come down substantially from the highest the bank stocks turned down because some traders believer the fed would clear it up. i guess they thought powell was bozo the clown there were others kept selling g growth stocks. they expect total carnage. it's like they never pay attention to a single word this man has said what happens now there's a couple of ways to go first we could look at the long awaited santa claus rally i keep talking about. you can't rule it out given there's nothing on the calendar that could derail the market between now and the end of the year the santa rally doesn't come until a few days later but it

wouldn't shock me if it already started. you know larry williams, the b. some i vnvestors may not realize we're not going back his pivot was the sign the lighten up on the whole group. he did not say you should dump your amc he did not say you should sell your game stop he did not do those things they don't work and the fed is no longer your friend. those stocks that sell at 10, 20, 30, 40 times sales, forget them they made their money. go for profitable growth profitable growth. third, powell will immediately be second guessed by supposed experts who shouldn't be allowed

to shine the guy's shoes unless they get policies on his cuff. these professional second guessers who are short the stock market and highly paid economists looking to preserve their jobs at all cost they want fed to carpet bond the m economy. you will be in your financial chains i'm betting they are doing the opposite it will be pack of jackals eager to speculate powell will have to tighten tougher because inflation is raging these people, i say they are zero help. i think there's something pathological about them too. they can't stop talk about their next meeting it's like they have nothing else in their lives these people must find other hobb hobbies. what matters is powell is taking action to slow the economy now

he's gotten the unemployment rate back to 4.2%. i say the guy deserves a victory lap. if i was one of those squares, you probably didn't watch it but it's like these big hollywood square games, if i had been one of those, if i was in the audience and he called on me to ask me a question, me, me, me, here's my take i would say, chairman powell p i want to thank you for being a person of your word. a fed chief who cares about the per persistent downtrodden rather than inflation and committed to continuing to do so. thank you for not falling prey to hysterics about the various streams. you saved millions of jobs during the downturn. you did not freak out because of strong spending as it didn't require credit most important, you were the only non-political guy left in washington trying to help the people that have been left

behind rather than worry about keeping your own job here's my question wast your favorite trade thank you very much. see you next year. here's the bottom line i think we can expect a soft landing and lots of stocks to find just not as many as before >> caller: happy holidays and a happy, healthy booyah. >> how do we help? >> caller: we love you.

>> if they do a kinder, twitter and focus more on direct to consumer ads and bought a next door to make it so they are nicer, i think it would work i could. come on. jeff in california. >> caller: really appreciate your passion and hard work >> thank you my insanity and craziness. that's good. well, not -- >> caller: i'm from downtown

l.a. we got a lot of crazy people out here too after the 42% fall of docusign, kathy wood bought up $100 million worth of docu. that's 747,000 shares. i read online that quote, once a stock plummets more than 30% after earnearnings, the stock h slim chance of strong recovery is it a buy, sell or hold? >> the fact she bought it it's a negative because this is a person who has become a butcher block. she seems to buy what's down i totally agree with you that's not a great strategy. i'm sure she owns a lot of good stocks i think that docu sign has a bright tfuture we'll take a look at it.

just not nearly as many there were one month ago i'm sitting down with the ceo. find out why it's the low carbon investment, carbon capture, cc and is the bull half full for campbell soup? i'm sitting down with the ceo. those are mega goldfish. not meta goldfish. i'm going straight to the source of a sizzling stock that you've never heard of stay with cramer

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oh oh so true. and now, the moon christmas special. gotta go! take the savings challenge at xfinitymobile.com/mysavings or visit an xfinity store to learn how our switch squad makes switching fast and easy this holiday season. federal reserve talking about the need for three rate hikes to cool down the comecono. next year you want concrete companies that return the profits to shareholders. if you're worrying about the fed will do with the economy, it's tough to own anything in the fossil fuel complex. the whole group has been shelled oaf the last month what do we make of something like that. the canadian oil and gas pipeline company with a dividend yields more than 7%. i saw it downgraded because it

didn't have any growth do we need more. welcome back >> thanks for having us back >> you had a remarkable investors day where you had incredible things to say about growth and the environment in other words, you're pivoting much faster than any american company i know toward doing the right thing and will produce growth it was really extraordinary. >> let me start this way i think your proposition is right on you know, if you start from the fundamentals of the story which is essentially we have tremendous demand pull assets.

they're not supply/push. we deliver to the best markets they've got great commercial underpining beneath them which means we deliver predictable and growing cash flow. great balance sheet and i think today and this goes to your latter point, we're extremely well positioned to be a great transition play to a carbon economy and i think most in independent analysts will tell you we're the leader we had a great 2000. we put roughly 10 billion dollar of assets into service we made a great acquisition in corpus christi we increased the dividend for the 27th time.

>> it's funny. i wonder what you group is getting rewarded all for growth. i'm glad you mentioned corpus christi. it was a 7. -- it was a $3 billion acquisition made in september. most exports go out of corpus. i don't understand why your stock isn't higher you're one of the fastest growers in the complex >> we're woerndering that as wel there's a general over hang with conventional energy.

your point is right on we have great assets we have the technology and the kicker is we're extremely well positioned on the esg front. if you look at the top two countries, it's canada and the united states. there terminal is extremely well positioned competitively we save probably a buck, buck and a half for each transit of every barrel into that terminal. >> i think the safest way to transport thing, not a lot of growth out of utica. is there way to get this natural gas to market.

two things you have around the current northeast opinion i couldn't agree with you more on the northeast. it's going to take pain in terms of higher prices and get this, the need to import lng to satisfy u.s. northeast demand when it's literally sitting next door the supply demand is way too tight. you saw that yesterday when prices peaked again.

if we want more refnewables globally, gas has got to be there alongside with it. i think this is great opportunity. it's going well on the natural gas side we happen to be really well set up think about the gulf coast the future is exports on group oil and natural gas. >> you're the only company i know that actually can make a lot of money doing carbon capture and not just talk about it

>> i'm going to broaden this for one minute because the transition to lower carbon for us actually involves three or four things. number one and this might be unusual for your listeners for company like ours but we have been in the renewables business so wind and solar for 20 years we started way back because we had a few on energy fundamentals we've got literally 50 renewable gas projects that we're building and looking into and developing for the future great platform for low carbon future in this company.

our system that includes transimportant and storage will be part of the future of energy, in our view. ccus can really leverage our assets to capture the ccos opportunities that are going to have to be part of the equation. >> al, i think you're the best in the complex now because both combination of yield growth. thank you. you're pointing the way to everybody. you get 7% yield while doing it. thank you so much. guy, the canadians have the jump on us. they know how to do this they are made to and they want to i think that it's the best of the lot. "mad money" is back after the break. machin . coming up, this company is in the corner of the millions cooking at home. could campbells cook up some tasty return for home gamers

cramer stirs the pot with the ceo, next.

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no parabens, dyes, or fragrances. gold bond. champion your skin. who's the biggest winner from today's two biggest stories. although not quite as hawkish as many feared. simple, when inverstors are worried about the pandemic and a slowdown, many go to the consumer staples this group has been in rough shape all year could this be the beginning of larger move. let's dig deeper he's the president and ceo of camp campbell's soup. welcome back >> great to be back.

>> okay. delivered a very credible turn around play. are you going to enjoy genuine $4 growth instead of the 3s? >> i think we're well positioned for where we're going to be coming through the pandemic. not so much about the navigation i feel great about how the team is performing. we understand the challenges that we're all facing right now. more importantly, for us, it's about the future how are we positioned to benefit as we come through this and what does that trajectory look like there's no question the company is on a much stronger foundation as we think about the position

of our portfolio as well as the focus we're putting on the businesses, we feel good about the ability to sustain growth going forward and a big part as we talk about this week was innovation where as you might imagine in the last year or two, we have been focused much more on the foundational core business meeting demand. i think you'll see innovation playing a much bigger role and the studio today we have a few highlights from that hopefully we'll be able to talk about that >> i like that i'm a big believer in the new v8s. this is what i'm thinking about. your company but it wasn't you spend 6.1 billion on asset good for snacking

are you now where you were had you paid the right amount for schneider? >> i feel great about where we are on the snacking business as you think about the journey we have been on from a value capture standpoint but more importantly the position that we have on these grands and the portfolio that riit represents n snack, i feel terrific about this we have a portfolio or a business where 50% of our businesses in snacking whether it's been the pandemic, during the pandemic or post, snacking will continue to grow. the great thing about our portfolio as you see across studio today is our brands are really differentiated and well positions for where consumer trends are going consumers are can sigonstantly n to trade up or in straight intul

j -- indulgence the idea we can bring it across different categories is powerful and sets up a big part of our position that is positioned well for the future we have a clear road map that can bring our margins close tore where the averages within the snack injure we said 17% and the great news is a lot of the initiative that are driving that margin are also going to support us on driving growth i feel good where this business is now and the role it will play in the future? >> the fed chair who is a terrific guy he thinks a lot about the working person first chief i've seen do that. he wants the prices lower at the

supermarket. will that cut any pinputs that' been boosted by inflation and make it so the working person went to the superit would cost less >> we share the desire to make sure prices remain affordable on our products as i look at it, there's clearly part of the inflation that we're seeing now that i do think are more transitional in nature. i also think there's areas that's a bit more structural i expect inflation to continue as we roll into the '22 calendar

year and the first half of our fiscal year in '23 i think we'll be doing everything we possibly can from a cost standpoint as well as productivity to try to ensure we maintain affordable prices we know how important that is and across our portfolio where we have a lot of products that are really important to people's every day lives. we want to do the best job we can. these are incremental growth it's not like you bought a whole new kind of a something that's out there that's very different in way that mccormick bought franks these are incremental developments they all add up, can they get you to say 3.50 earnings, if not

$4 >> i think we have a pretty steady trajectory as we talk about these the next several years and the opportunity for us to create value through the organic growth plan that we have as well as something that diff differentiates campbells that's the strength of our balance sheet. we generated over 3 billion dollar in cash flow that now as we have reduced debt to a level that we're very comfortable with, we're in a terrific position to win in a variety of different ways whether that's investing in growth within our company or, you know, as we talked about, i think there will be opportunities to tuck in acquisition to complement the portfolio we're in and continue to add value that way or even as we recently announced. not our priority but an opportunity. the name of the game for us and what we have really tried to do is seed a very compelling growth mind set across the company and build our culture around it. that's what we want to do. >> that's what we want

we don't want a dividend raised until we get growth. if we get growth >> i'm with you. >> solves the problem. all right. very good. that's president and ceo of campbells soups. i think it's a change one. we need even more growth if we're going to get lot of buyers into the stock market. great to see you mad money is back after the break. coming up, a major agreement sent this stock soaring. everything you need know about neogen straight if the ceo, next machin

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. i keep telling you this is

the moment to own companies that make tangible products or provide concrete services. that's how you make money. i got a new one for you. yesterday we learned that 3m will spend off its food safety business and emerging with another food safety business called neogen. the more i looked at the deal, the more i like it market seems to agree which is why 3m and neogen has rallied since the deal was announced let's talk to the president of neogen welcome to mad money >> thanks. i'm excited to be here >> i'm excited about your company. after this merger, i don't want to be too aggressive but you're number one in a category that is one of the great growth categories ta people don't know about. i don't know if there's a two or three, frankly >> yeah, we agree. we think it's got great tail

winds in this segment. you think about all the stuff thath that's going on with the global pandemic one thing for sure, people need to eat we think we're in the right marketplace with the right product and people >> we had campbells soup i saw on their package it said gluten free. i want to know whether things were anchovie free they haven't done that study yet. i won't those studies being done for all the allergies. you're the only certifier. >> that's exactly right. we love everything that's free when it says free, that men people got a test for it we make all tests to make sure those types of food allergens or pathogens are staying out it have the food supply >> that's give pn now you a compounds price. tell people where this stock was a year ago

it's extraordinary >> when we started, i think we have grown to be about a little over 2500% growth from when we started the growth we're really proud of that i think what drives that is we've got 22 years of contective growth in our business we tend to grow at about 15% on compounded an yum growth rate. we're a growth company in a growing market as people get more savvy, they realize they are eating things that are bad for them? >> yeah. i lived in asia 30 years ago when i went to china and went to the wet market, you didn't know

if that meat was there for two hours or two days. your expectation was you're going goat sick. as people's income grow, they improve their diet they want to make sure that they're getting healthy, safe food we see a tremendous runway for our business about 40% of our business today is international we see that as a big growth opportunity for us the basis is your company, you have 49.9. 3m will have 30.1 but you're running the show >> that's exactly right. we think it's a great business t it's a great complementary business for us. they have employees that are passionate about food safety and bringing it in to us, we can give them the resources they need to grow and focus they need every day we get up, we roll up

our sleeves, we go to work and protect the world's food supply. >> this is an afterthought for them it couldn't scale. for you it's gigantic for neogen et doubles the size of our business it really allows to reach more customers more often with an parallel product offering. it's going to help us drive this industry forward toward that analytics platform and our block chain solutions that increase the efficiency of the tr traceability and enhance the safety you know where it came from, if it's poisoned, you know. >> that's exactly right.

i'm going to tell you where the animal live and what it ate. every single stop along the way until it got to your dinner plate pep. >> i think that's a fantastic business one of the funniest moments in the kmps call is when steve was a man i most admire and this made me feel better about not knowing the company. >> we have it's been part of our strategy we talk about the organic growth we do a nice job of growing our market the reason we can do that is we have great innovation and with have a company of first. the first company to launch rapid allergy test we can test for lis tier ya in under an hour in traditional

methods. the first one will do do the platform and allow customers be more successful to change our food safety protocols and be more efficient we're just a midwest company we put our head down, go to work and help customers solve problem. >> you're the kind of stock that works where the fed will have to keep inflation lower i want to thank john aden. thank you so much for coming on the show >> thanks, jim i appreciate you having me on sflp >> it's our job to find companies like these i'm going to thank you that's what my job is to bring these stories to you mad money is after the break machin

huh. is that true? geico's been saving folks money for 85 years? yeah, that's right. wait — so if geico's 85, that makes you — are you asking if i'm 85 years old? i mean sea turtles live to 150, so...nn — i — i was not. do i look 85? what! no! you, you look young, fff...you...you, you look young for...however old you are. geico. saving people money for 85 years.

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by monthly payment, so i know what i'll pay before i buy. cool. was that a refrigerator joke? kenan, chill. alright, just stick to making ice. i didn't mean right now!

. >> caller: stock symbol me >> i could do -- he has to if they are just the kind of let me see where i'm from, that's a no go. they have to make that deal with smith cline. they should do that today. let's go to alex in new york >> caller: first time, all the time >> what's going on >> caller: investing club member here thank you for the realtime data and hard work. happy holidays to all. >> thank you >> caller: okay. gold at the hedge against inflation. inflation at its all time high it hasn't been any tileail windr

the stock. should i shy away from tick the ticker symbol? >> i like it i'm not giving up on it approximate yield is 2%. gold has lost its abilities to be a hedge we have to recognize that. i prefer crypto to gold. wow. how about brie yan in oregon. >> caller: let's goet to work >> what's up account lots of downgrades and the price cut in half.

>> an honest view of what happened what's to doug he was mr. splunk. i can't recommend the stock even though i think it's great. they don't just get on a train all right. let's go to lance in michigan. lance. >> caller: hi jim. they have the brain trust and several neurotreatment candidates to cross the blood barrier. what's your take on dnli therapeutics >> i know this do i do a lot woof work with brain. we have been trying to develop some medicine that go beyond that i have the best neurologist in the world.

it's hard to do. that's the conclusion of the lightning round. america's restons to vaccination could be putting our security and your money at risk. cramer holds no punches, next. machin machin it's a thirteen-hour flight, that's not a weekend trip. fifteen minutes until we board. oh yeah, we gotta take off. you downloaded the td ameritrade mobile app so you can quickly check the markets? yeah, actually i'm taking one last look at my dashboard before we board. excellent. and you have thinkorswim mobile- -so i can finish analyzing the risk on this position. you two are all set. have a great flight. thanks.

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. i see these headlines and russia and china making common cause against the u.s., it makes you feel a little nostalgia. the original had a better script when i see a headline like putin and xi show yunited front amid rising tensions with the u.s., makes me wonder if we have gotten dumber as a country they are bringing back the tag team russia wants to turn the ukraine into a client state. china wants to conquer taiwan. nobody seems to take it

seriously, especially not the white house. growing up under the cold war made less for an ideal childhood. i'm glad our kids didn't grow up during that including putting our heads in our cubbies during the air raid drills. i wonder what president eisenhower would think of your right to spread a virus that's killed hundreds of thousands he'd say the same reason he created the internate highway system these are issues that need to be confronted all our politicians want to do is fight amongst themselves.

covid is an albatrose around the neck of the economy. the longer we let this go on, the more it will drap. they are buzzing the u.s. 7 fleet. here is what you've got to understand covid is not a democratic illness or republican illness especially not when new cases are up 40% today from we can't get our act together to fight the pandemic, how can we fight anything else especially when dictatorship vs the power to fight covid by fiat it drives me nuts and not just

because we may not have nfl playoffs with new cases spiking like this. we could have low unemployment and know inflation just like 2019 if only people would get their shots. they reduce your risk of hospitalization or death that's huge. this morning i heard a senator making noises about not knowing if the vaccine is safe that's ridiculous. hundreds of millions have taken the vaccines world wide. it might be the best studied vaccine in history something could still go wrong the risk of something going wrong is much lower than any other vaccine we have tested or taken. am i saying we need to take our medicine for national security purposes i don't know if i want to go that far but covid isn't makes us safer if you want to know the real reason, go read president eisenhower's 1955 declaration about why you had to get vaccinated for polio it's a terrific analogy for the present moment high pressure it would be, and i quote, in keeping with our highest

traditions of cooperative national action. cooperative national action. maybe i'm hopelessly ly naive bt that sounds like a pretty good idea to me i like to say there's always a bull market somewhere. i promise to try to find it right here for you see you tomorrow the news starts now. hurricane-force winds blowing right now. the immediate alerts across the midwest through the great lakes. i'm shepard smith. this is "the news" on cnbc millions bracing for dangerous, extreme weather. officials warn of nighttime snow, even fire. we're tracking the threat. communities struggling people hurting beyond words as they pick up the pieces. president biden gets his first look at the devastation up close. >> we're going to recover and rebuild and be stronger than