we want bank earnings season was ugly, but bank of america did themselves proud i bought some stock today. >> steve, trinseo. a perfect value play much more ahead. >> >> new man. >> that was one second th thank for watching. 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," welcome to kay america other people want to make friends i'm trying to make you some money my job is to entertain and put things in context, call me or tweet me at jim cramer let me tell you how that approach this market after yet still one more hideous decline,

40 points, a lot at the end. s&p seeking 4.9 and the nasdaq tumbling 1.15% i need you to understand that there is another way to look at the market other than what we're seeing on our screens. other than just throwing your hands up and feeling sorry for yourselfand the pain you're enduring because of well-known factors. well all know the litany of woe, let me toss them up and shoot them down. ready. it is not the broken supply chain. it is who can try and broker the broken supply chain. it is who is the brands that allow them to pass the costs on to the customers it is not the rate hikes from the fed. it is who can thrive in a higher interest rate environment. who will make more, not less money when the fed does the inevitable that is what matters particularly now when we're

getting into the meat of the earnings season. i want to you stop focusing on how many rate hikes the fed will hit us with. just stop it rate hikes won't kill the whole stock market the world's averages have rallied nearly 7% on average in the first year of tightening cycle, rather than writing off the whole asset class, you should be trying to pick the stocks of great franchising that are getting hit because of market wide sell-offs. i play with an open hand as anyone who is a member of our investing clubs knows all too well because i talk about our gaffes as much as i do our successes. we're not crying in our corona or modela of what happened if jay powell decides to join them with a series of lockstep rate hikes that wipe out the economy. you have to have a big picture world view that includes the fed. but at the end day, talks about the companies. we're trying to pick stocks not

to time -- i would rather do that on draft kings. it means looking for companies with the best franchises, not treating all stocks like they're interchangeable bushels or weed or barrels of oil. are all quarterbacks interchangeable. do you want jalen hurts or tom brady or aaron rodgers the same as baker mayfield. on wall street way too many people act like the answer is yes. they focus on the big picture and they don't care about the individual companies or listen to the conference calls or the only way they look at, they want the consumer price index and wage inflation they're not willing to get they are hands dirty with the quarterly reports like i do. and i don't blame them personally, i don't. i would be at a conference call than a novel but i'm a freak. i'm an oddity. most people doing homework is actual work. however it gives you institutional memory, i enjoy it, i remember how good or bad a

franchise has been over the years and it lets me get a better read on management now. so let's start with the obvious. in the old day i was never big on bank of america running into trouble and very little customer loyalty. now it is technologically superior which you know if you have a account with the bank it is a huge asset gather and it has a lot of customer loyalty because it is digitized. you may say who cares. i look at the mosaic and i say, wait a second. that is sticky money that goes nowhere regardless of whether or not the fed tightens thanks to bank of america scale, the account base will throw off $6.5 billion in new revenue if the fed hikes four times that is a billion. and this is an institution that thrives on rate hikes. so when we see the numbers that reported today, i think it deserved to rally more than it did. frankly because 2022 could be the year of bank of america. i thought this was more like it.

this was more the market, not bank of america. so take morgan stanley here is a franchise it used to be so eposodic, drives me crazy, and up and down. i didn't work there back in the day when i had the chance and then i thought it would do something to run afoul of the regulators but these days morgan stanley added $490 billion of net new assets last year bringing total clients assets to an astounding $5 trillion. do you know how much a good investment bank could make off of $5 trillion and that is just by having a great franchise which is something we spend realtime on in our 10:20 a.m. morning meeting. you could tune in when you join the cnbc inning club we talked about the brand name that is morgan stanley and it is a super bowl franchise that a jaguar team can't. they're not the same ceo james gorman has transformed morgan stanley into something that is consistent while no

major bank is immune to government scrutiny, i think they are the closest thing to squeaky clean. and most people who read the quarterly reports are specialist and they focus on a single sector i have no sector never have i love all companies, all sectors. not all of the time. that is why i was blown away by the market share gains and relative sales growth that proctor and gamble reported today. look at this one now i have to tell you, i'm sure many people's eyes glazed over when they saw organic growth was up 6%. doesn't sound that impressive. but youed into to know what you're looking for that is why the budge barely budged when the numbers came out. and i was screaming at the tv, buy it, buy it don't people remember the bad old days when we endured open rebellions because proctor was so poorly run. how quickly people forget the dry spell in the so-called u

underdeveloped world and they're trying to throw away $70 billion from brands from glaxosmithkline. this is now a company that is simply filled with all-stars but it wasn't always a playoff team proctor is a a contender because even though it had $2.8 billion in commodity, it could pass the costs on to the consumer without batting an eyelash proctors are created better and that is how this stock could rally in the end $5 despite the onslaught of machine selling, maybe they're worried about what biden is saying. i don't know i'm worried about companies. two weeks ago we got hit with a lightning bolt a terrible number from humana, which is suppose to be the key into the medicare advantage. i have a chief medicare guy because it is hard to understand, but they like united health it doesn't matter, when the

awful numbers came out, united health got hit to. and when they reported this morning, the analysts were all set trying to carve up the quarter. unh is a fabulous company and instead united health reported an insanely positive number, insanely positive. this is more right than this this is the machine selling this i have to tell you this was an opportunity. all right. just an opportunity plain and simple because it is optimum health unit think the stock went up more because i have a long memory i could recall 60 years ago when they had a terrible options scandal and they only cared about themselves an not shareholders it is incredible how the culture has changed. i could hear you cramer is creating a an all pro team because the market is down. wrong. these are the biggest companies that reported today. the biggest ones maybe tomorrow we'll have some clunkers you don't want to be touching an

unprofitable company that makes nothing and has a lot of competitors which is about probably half of the market i see. but the bottom line, real companies doing real things with tremendous brand loyalty is what will triumph in this environment. you just need to know where to look mary in new york, mary >> caller: hey, jim, thanks for taking my call. >> of course. >> caller: i'll calling about thermal fisher from a buy down to a two star rating and i was wonder ago an the price has been under pressure since december 26th although it had a pop today in the higher market with the lower market what is your long-term prognosis and is it being priced in for possible revenue and earnings. >> first of all, thank you for the call what is happening here is that people feel that thermal fisher has just become an omicron covid stock because they have these machines that measure pcr. i think it is much better than that that said, it sells at 22 times

earnings, i think it is very, very close to where i would say you should buy it. i wish they would put the stock. but i understand that there are these people who think, it might as well be zoom. it might as well be docu sign. even in this new found bear market, that is what triumphs. on mad tonight, sofi has cleared the hurdle to become a bank and i'm learning more from the ceo and from spac to include doge coin, there is a year for buzzwords but where does the government come down on the market's latest action i'm going one-on-one for a huge chunk of time for the most important person in your life, it is not the fed chief, it is s.e.c. chairman gary gensler and my thoughts on investing in oil have changed and i'll tell you why. and i want to you stay with cramer

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new year, new start. ma and now comcast businesson. is making it easy to get going with the ready. set. save. sale. get started with fast and reliable internet and voice for $64.99 a month with a 2-year price guarantee. it's easy... with flexible installation and backing from an expert team, 24/7. and for even more value, ask how to get up to a $500 prepaid card. get a great deal for your business with the ready. set. save. sale today. comcast business. powering possibilities. with the financials this week was supposed to be about earnings from the major banks but sofi technologies the personalized online banking plan has been disrupting the industry by offering terms that are much more favorable to you the customer and i have some big news sofi jumped 14% because the

company received regulatory approval to become a chartered bank holding company that iould get much cheaper financing so the company could become more profitable because of the financial technology stocks are so out of favor and because sofi came public via spac, the stock is still down huge from the november highs it was at 24 and now at 14 sofi is a bank they even have a charter and they're supposed to rally when the fed is getting ready to raise interest rates i wouldn't be surprised if it has more suppose side. let's check in with anthony noto, the ceo and old friend of the show to get a read on the situation. welcome back to "mad money." >> thank you, jim. thank you for having me. >> let's go right to it. i don't know if people realize what a big deal this is. i couldn't just go to the fed or the government and say i want to be a bank. it doesn't work like that.

>> no, it is a very arduous process, the bar is really high. the federal reserve and the occ and the fdic all have a responsibility to protect our banking systems to protect consumers. we think it is critically important to do that as well we wanted to make sure that we have the right regulatory over sight and the right capability to better serve our members so getting over the bar and granted the license to open a bank is a huge milestone for us as a company. we'll be able to serve our members much better. our goal is to be a one-stop shop for all of your financial needs for all of the major financial decisions and the days in between and this license will allow us to do that. sofi money will go from an account to our own sofi checking or savings account and so we'll give a higher interest rate and do that with no fees, we'll be able to provide overdraft protection, the ablts to pay with your phone, pay with your card, pay your friends,

person-to-person we just ask you to do direct deposit against that back drop so that is one big differentiator and as you mentioned, we'll offer more loans at lower interest rates. >> this sounds too good to be true i'm making nothing in my checking accounts in a couple of banks. are you telling me because of this charter i might be able to go to sofi and make something? >> yes, because we have a lower cost base because we're a digital company, not with a lot of branches and because we're built on a modern technology stock in the cloud, we have a lot more we could give back to the consumer the bank license allowed us to fund our costs at about 50% lower and we're going to use that to give the consumer a highly differentiated interest rate in sofi checking about 1% as long as they do direct deposit with all of the benefits that i mentioned and that is being funded by our lower cost funding loans since we could use our own customers' deposits.

>> there is talk about you making hundreds of millions of dollars more now that you're not at the mercy of these banks. >> our funding courts from about 2% to 3% to 1% and we want to offer higher than anyone else offers for the traditional banks that don't offer a lot of interest rate in checking and when they do offer you a higher interest rate and you have to have a minimum balance and restriction on spending. you could spend when you want, where you want and just do direct deposit and you'll get-free overdraft protection, bill way and everything. >> the number of bad loans is just dropped precipitously what kind of procedures are you are used so that shareholders are being protected so that you are not landing the people you shouldn't. >> great question. we have mortgages, with the bank license will be able to do in all 50 states instead of just

40 we have unsecured personal loans and we refinance student loans and we write to a higher standard, 680 feeko score or higher our unsecured personal loan has been around 7% and so we've had a great credit performance, our team has done a great job with managing that. and this bank license will allow us to actually offer even more attractive rates which will improve our credit profile even more. >> so we all see sofi stadium. will we start realizing the stadium is also the name of a bank that offers us better rates than the ones we're currently getting? >> that the right, jim and the stadium has helped us to become more of a household name. it had a large impact in third quarter on at wearness of sofi, and the bank license will only further extend that ability to become a trusted household brand

name which is critical to being a top five bank in the country or top five financial institution in the country and that is our goal. >> because i like people who perform and service for our country, what is it like for you to get this approval, you personally, anthony noto. >> when the email hit my box, it was an emotional moment for me where i grew up and how we grew up, it is just a come true to lead a great company like sofi but to get the privilege of having the bank license is something i never dreamed of. >> you went to goldman and west point and worked at the nfl and this job you're ready for pretty much everything will you take on the big guys, can you take on the big guys >> we're going after the 500 million accounts still tied to legacy fdic banks and creating unique value proposition one way it is differentiated is

we want to be your life long partner and member and for everyone in the major decisions. we're not going to abandon our product because we can't make money on it. we'll figure out how to serve you well and make money along the way so we could have the relationship to help you understand how to refinance a mortgage or buy your first home or start investing in your 20s through sofi invest and we keep driving innovations that others are copying and struggle to stay up with us given our modern technology stack and just our culture as a company to out-innovate everybody else. >> i've asked my banks to let me put my ethereum with them. they don't want it can i send it to you so i know it is safe. >>you have the ability through sofi invest to buy 30 different cryptocurrencies on sofi and we do that with a partnership with coin base and crypto so you could buy more ethereum if you like to do that and we provide the ability for to you buy and sell through us in those 30 different kinds.

>> well that is what people want to hear. i want to congratulate you i'm proud of it and this is terrific stuff great to see you ceo of sofi, congratulations >> jim, thank you very much. real deal, met him in the '90s, straight shooter and this is a very good thing for a good guy and you know what i'm going to check the rates out maybe you should too "mad money" is back after the break. >> coming up, it is a big time big picture look at the market's biggest issues cramer sits down with the s.e.c. chairman, next

we had to meet a terrific change in strategy and thought when the securities and exchange commission was taken over by

gary gensler as chairman last year just in the last few months he's effectively banned questionable chinese companies from listing in u.s. exchanges, something we've championed because they've had poor disclosure and on average the deals could cost a fortune, s.e.c. is proposed all sorts of rule changes, stable coins, spacs, swaps, climate disclosure and scheduled insider trading but as the new year come news swing, what are the top priorities now let's go to chairman gary gensler, a rare two-part interview. welcome to "mad money." >> good morning to be with you, jim. and please call me gary or call me chair i go gender neutral these days. >> i'll call you gary. i know this is not what people expect but do you mind if we start about talking aristotle. >> aristotle this is terrific it is a great thinker, 2800 years ago. >> he's sorely needed because he speaks about treating cases alike. but i think both you and i know that there is too much some

people being treated better than others and you are making this a mission to end that. tell us where you're really focused on treating cases alike. >> look, for your listening public, i quoted aristotle a couple of times but he did have this great quote about treating like cases alike and i use that with regard to special purpose acquisition companies. this is a way that private companies are seeking to go public in a new way. there is traditional ipos, but then they're trying to do this thing called spacs and i think that we should still protect the public but you get full and fair disclosure that there is really somebody looking at the company closely, called under underwriter and their certain obligations and you the investing public get all of the opportunities that some of the other folks get. but we could use that aristotle

quote as well. >> but i'm worried people are losing fortunes. it is not like you didn't predict it because you talk about the idea of celebrity backed deals and when i brought a company public through the commission, i was shaky. shaking in my boots because i knew they would look at every line and they sure did. and they spent four weeks with me grilling me about my projection and told me no more and what was going on and the scrutiny was so great i almost didn't want to go through the process. these people didn't have any scrutiny. >> look, it is a very different world and i say this to anybody listening, if you invest in a special purpose acquisition company, spac, it is a blank check company. you put your $10 in and you wait for two years to see if they're going to invest in some company that is good or not. and guess what, the promotors get 20% if they do a deal. so they've got an incentive to

do something even if it is not the best deal in the world and the big investors get out and redeem and you're left in taking that sponsor promote diluting you in that. >> how do we change this this is not right. there are people that own these things that are $4, $5, $6, we lost everything. we didn't know we could lose everything how did this happen? >> well, so i i've asked staff to give us recommendations we have a commission, a five-member commission, and hopefully we come to some consensus and put out to public comment a proposal now what that really means is we're trying to make sure that you get better disclosure, number two that these investment banker that you were nervous about, has to do that same rigorous analysis whether they do the merger, when they look at that company but make no mistake, there are

sponsors in this that want to make a lot of money. that 20% promote is usually the retail investing public gets that delusion. there is a reason that these are costly enterprised for the retail public. >> but i'm looking at these projections that people make and they're wrong the first quarter. ain't no one has to pay. no one gets in trouble for pie in the sky numbers that could never have been met. >> look, part of what is happened here is that a new technology, that is the spacs, a new technology they're trying to get around some age-old protections, age-old protections about forecasts that you just said, about the disclosure of the information and about the underwriter and i would hope we put out some proposals and get public comment and we try to

bring far greater investor protection to this space >> okay, let's talk about like for like in crypto today i went to my -- i got this ethereum and i thought this was terrific. i'm earning 9% at this block fee. 9% my ethereum is earning 5%. 9%, that is terrific how the heck can anyoneern 9% on their cash something has got to be going on that you and i don't like. >> well, you know, aristotle wrote extensive by about money but we won't get into that you're raising something about like for like. if you put your money in a mutual fund, there is a whole set of protections around what they invest in and the ffgs they share with you and to earn 9% as you say in this market, there is probably some risk underneath that but you get disclosure and you get to decide whether your comfortable with the risk. that is not the case in crypto

in the crypto asset space, this $1.9 trillion asset space is highly speculative, and you don't have those closures. and many of those tokens, many of these tokens are in fact investment contracts it depends on the facts, it depends on the individual circumstance, but they're raising money from you and you are expecting some profit, you're looking for a return based on the efforts of others and that generally makes something in investment contract come into -- >> when i was little, i would get chain letters and it was cool because if you did this and this, you got money. and now they call it doge coin and it is dressed up what is doge coin. we can't just create something and create something called money. that is not right. >> so, you could imagine and for your listenering that my chair

in regulatory and law enforcement commission so i can't speak about any one token because it might come in front of our commission. but let me talk more generally, jim, when their advertising to you, they're promoting that they're going to make you money. that is exactly what our laws were set up to protect it was about disclosure and protecting against frauds. that is why president roosevelt called it the truth and securities act and these tokens should be under and should understand that and disclose to you so you the public could decide what risk to take. >> could it get through, there is no sunlight there at all. doge coin does not have brandizing it is an idea which is brilliant, let's expose and all v all sorts of disclosure it is not working the young kids are in this doge coin, they don't know what their in they're going to lose fortunes

i know it is not my job or your job they would lose fortunes but maybe if they had sunlight, they would know they're doing something foolish. >> sunlight matters but it is also about the exchanges themselves and roosevelt knew this many years ago. it was about the companies issuing and raising money from the public, but in the day, the new york stock exchange and others also had over sight and that is really important the crypto exchanges that the public might be investing in, the crypto lending platforms should come in, work with us, register, and make sure that we could get the basic investor protection that people rsht front running you, or not -- there is not fraud or manipulation on those platforms. and without that, i think a lot of people are going to get hurt and the s.e.c. has the authorities also to bring actions in this space. >> all right

i want to hear that. we're going to take a break and come back because we have to talk about what happened a year ago at this time and how personally you know we have to change things. more with s.e.c. chair gary against glensler when we come back. >> >> coming up, cramer bears down on the beltway. more from the man next hey lily, i need a new wireless plan for my business, but all my employees need something different. oh, we can help with that. okay, imagine this. your mover, rob, he's on the scene and needs a plan with a mobile hotspot. we cut to downtown, your sales rep lisa has to send some files, like asap! so basically i can pick the right plan for each employee. yeah i should've just led with that. with at&t business.

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before the break we spoke to gary gensler, the clair of the s.e.c. commission which makes him the most regulator in america. there is so much to discuss.

we have to go right back to it gary, let's talk about a year ago. when i look at what happened with gamestop, i look at amc, i see many not like for like situations i think some people have more information than others and some people weren't in it so to speak. i also see kids who were playing candy crush and they got this fantastic app from robinhood and they said this is even more fun than video games all of these areas need at least more sunlight again how do we fix what could again happen from last year? >> i think that we learned a lot of lessons from that we have a multi-project. let me talk about the candy crush if i might we're in a modern time that we're bombarded, we americans are bombarded every day by prompts, behavioral prompts, do this and do that we've find it in every day but if finance, the brokerage apps, the robo advisers are

doing it as well and their motivation is to make more revenues for that start up or more money for that application and that business. and we have a basic idea in america they should be making advice and recommendations to us, for our benefits so i think that i would say to all the public as your investing, beware that they're trying to get to you trade more often, that is their motivation, and statistics usually show that investing in good, but trading often is not secondly, there is a bunch going on with regarding to the market structures are the brokers really trying to actually get best execution, the best execution for you means putting others, brokers in competition for your order and that is a really important thing. so we're looking at both of those, we're also looking at the basic plumbing, the clearing and settling part of market to try

to lower the risk there and help protect, remember a year ago a lot of retail investors were shut out of the market and that is not good. >> right. >> access to our market is so important and i think we could do some things in what i'll call the plumbing >> so gary, let's say i decide i'm going to go 5% short xyz corp, why don't i have to disclose that that day why ten days that gives nine days where you and someone else have the edge, we don't want edge, we want instant look at what is happening. why don't we just wave the wand here and make tit that day. >> we have process and laws but we are looking to put two things out to the public to try to change our rules and one is about short selling and one is about the insider disclosures, around short-selling that you would have more information in the

market that companies and the exchanges have to put out there and i'm hoping with support of fellow commissioners to do that. another thing is to shorten what you call this ten-day window that large holders over 5% have to put information out it has been 50 years since that rule has been put out there. and a lot has changed in the 50 years to maybe look at shortening that. >> so when i think about what happened last year, i recognize that people who are still angry, they were shutout on a given day or whatever, but at the same time, we had a kind of weird capitalism going on. we are ganging up against short sellers and a couple of stocks that kind of went crazy. good or bad for the market that we got so many people involved and you had this gamestop going to 400 is that good or bad? >> i'm not going to speak about any one company's valuation. but i think it is good to have more of the public, of every

generation, thinking about their future in investing in this great thing of america capital markets and the companies that stand behind it. what they constant daily motivations to trade more, generally lowers returns to sort of do the day trading and the like and so that is why i've asked staff for recommendations about the predictive data analytics and the behavioral prompts and what some people call gamification or you said the candy crush of the capital markets. >> we have -- here is what i'm stymied by i too want everybody involved. but when i look at robinhood, where a lot of people got in, i see people tell me it is commission free. that is why. it is commission free. but the whole won sent of commission free doesn't exist. >> no, you're paying for it. the public is paying for it because what is happening is a

number of brokerage apps are getting paid for your order flow and then they're not putting your order on the lit markets that is going to the dark market so if you put a market orderin to one of these brokerage apps, it doesn't go to the new york stock exchange or nasdaq or something. ittin veritably goes to a small handful of internalized, what is called wholesalers in the dark market so we're really looking hard and working hard with the economists on how we can raise the chance that you the public get -- you get competition and get thus the benefit of that competition in investing execution. >> i have a friend who runs a major consulting coop and he said every company will have to do esg disclosure and the s.e.c. will be overwhelmed, is that how

it should go, give us advice how we could be sure it is not green wash. >> two pieces. one is the company is raising money from you we now live in a period that many investors in trillion dollars want comparable consistent data about climate risk, the strategies and, yes, some of the greenhouse gas emissions. second thing is the funds, these mutual funds and asset managers who are saying, hey, come hither and invest with me, we're esg. i think in that second area we also have work to do to make sure that there is some truth in advertising, that something stands behind just like when you go into a grocery store and it is fat-free milk what stands behind that. so we're trying to do rules in that area as well to basically to guard against what you said, this green washing so to speak there are some metrics just as

you know what stands behind when you say it is a high yield bond fund, you know the details or when you go in a grocery store and it is fat-free milk. >> let's do round tables and you and me, we could teach people we have been around a long time. we could, without picking any security or particular firm, we could help educate people so they don't lose a lot of money because we both know that is what is happening right now. >> well it is part of our jobs, you have a different job than i do, jim. we have known each other probably 20 some years i'm going to keep doing what i'm doing on behalf of 330 million americans and try to make the markets fair for regular folks. >> well look -- >> investor protection, we look out for theish ears, capital formation and that is what is in the middle, fair orderly and efficient markets trying to drive more competition and make them more fair and that will help investors and companies

raising money. >> i'm going to do my end, and that you're doing on your end and we could make it so that people are move inform sod they make better decisions. that is all we could ask for gary gensler, s.e.c., thank you so much, sir. >> thank you, jim. thank you to your listenering. >> i learned a great deal and i've been doing this for 42 years. we have to help make everybody as educated as possible. that is all we can ask "mad money" is back after this. >> announcer: stick around -- "the lightning round" is coming up next.

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ameritrade >> it's time time for "the lightning round. and then the lightning round are you ready. matt in texas, matt? >> caller: jim, i'm curious about our take on dupont. >> sold it yesterday for the trust. because we wanted to take a good gain and explained it all in our morning meeting, at 10:20. tomorrow watch me. to cal van in kansas >> my son has a question for you. >> booyah jim. you recommend aid stock a while back ands it gone down but analysts think it has a big upside do you still like commercial vehicle group. >> i like stocks that are zava >> booyah, mr. jim cramer. love the show and i'm sorry

about your eagles losing. >> that is all right next year. >> caller: i'm a cheese head and i think of you as the aaron rodgers of stock market. i bought the dip on american and southwest airlines during the omicron scare. >> okay. >> caller: now they're starting to dip again do you think i should sell both or one of those -- >> i'm not a big fan of southwest. you could keep the others. that is the way i look at it let's go to josh in florida. josh you're up. >> caller: how are you doing >> what is going on. >> caller: good. nothing much i'm a big fan of the show. thanks for taking my call. >> of course. >> caller: i was wonder how you felt about the stock called fray, frayer. >> no, no, no, no, no. we're not doing battery stocks whether it is quantum, we don't like ev. ev is not working. okay i'll two go to dale in

california >> caller: hi, mr. cramer, thank you for taking my call. >> of course, dale >> caller: i'd like to get your thoughts on the vector group, vgr since it spun ofits real estate holder. the doug gelman group. don't recommend cigarettes and they have a short life and th is "the lightning round." >> announcer: "the lightning round" is sponsored by td ameritrade. >> coming up, when it comes to frexibility, cramer follows the facts on oil, next

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gular viewers know that i'm a end for feedback from my twitter mentions read anything that is remotely cotructi withot of stuff is destructive. i'm a zbgutton for punisent. yestday i interviewed from rb

energy a i'll buy some me. so we own chevroalready for e charitable trust and i was going overn my head, the ferin energy with the huge divide but thetock is o hot handle. diamondback makes sense if you wa aast owinindepeent producer and conicis to stng whicis why i mentied wn jeff marksnd i had our mning meeting foclub mentions. but wh i hope to gome constructive feedback, greed with sco one vierrguethat i've become hypoctical and two ced because i love the oils. how could i be -- when it comes to criticism to be ir, m willg to give the gui'd say he has a point i spent ars warng that- were unvestae wai wrg, i don't think so th spent years in the g

house, thais no loer the case from the perective of money manager, there is no shame in flip-floing but wh the facts changei chan my mi and so what changes wi the oil coanies. when the price of crude was much lower i warned away because they have very little discipline when zril like crazy and flooding the market with supply a profits and it is loby a generation of money nagersecause of the vastation they cause the vironment. over the last couple of years, thoughthe busine has a whe new attitude w when icomes to the environment they're bending over backwds to reduce e carbon emissions yesterday exxomobil laid out a plan to reach zero gas emissions after a all firm won a pro fight. chevron ommitted to ending $10 billion for less carbon intensive fuels and the ceo mark worth decided not enough more importantly, both the

majors and the independences have backed away from the drill baby drill mentality with new supply, they become more cautious. and independents like pioneer and diamondback are committed to awa awarding shareholders with dividends and this no longer spend beyond their means and it is a major reason why crude is at $86 a barrel. so they could make fortunes with it at $86 and looking like it is going to $100. i wish they could drill a little more using new technology but i acknowledge that is a slippery slope. so let's go back to the twitter critic he thinks i'm a -- for flip-flopping. then these companies addressed every single one of the issues i care about in other words, the facts change i had to change too. if you listen to me, fortunately you would have call caused a remarkable rally and i bet these stocks have a lot more to run.

today in the morning which you could watch only if your a club member, i said we have a little price break, we got to pull the trigger. there is that much more money that could be made by owning the oils i'd like to say there is always a bull market somewhere and i promise to try to find it for you right here on "mad money." i'm jim cramer see yo two big stories breaking tonight. the newest, the committee investigating the insurrection on the capitol will t president trump's white house archive record the supreme urt just refused to stop it whathat could mean for the january 6th investigation, and what it could reveal aut who knew what and when >> plus, presint biden says he believes the russianwill move into ukraine i'm shepard smith. this is the news on cnbc >> i don't think i have overpromised at all. >> president biden defending his first year in office as setbacks