out of control you want to own gold and u.s. can throw sanctions on you any time, another reason to own gold. >> karen >> i think the capri hit is over done, cheap here at eight times. >> thank you for watching "fast money" see you back here tomorrow at 00ororfa5: f me st my mission is simple to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money" welcome to xhempblth i'm trying to make you some money my job is not just to intertain you. call me 1-800-743-cnbc you had the stockmarket all of a sudden, you wish you never heard

of it. it would have been better to bet on the masters, the 6ers, maybe the miami heat the dow shed 135 points. anne p s&p declined, nasdaq item himmed 2 pound 2%. that's where the pain is that's what i'm hearing, people just feel trapped. well, i'm giving a talk tomorrow to members of the cnbc investor club to take an invasive action in this environment. it's not all that bad. let me give you a preview. this is not the time to sell everything it's a time to pause or buying some areas by all means other areas between the war in ukraine and the federal reserve. it's difficult to spin a positive scenario. it's drug stocks, insurers and maybe soon the until stocks. remember as i have been saying for ages, companies that make things and sell things at a profit and return some profit to shareholders will be fine. that remains the case. those are still in bull market

mode that's not the point of the club they have a revendering of our charitable trust moves and anyone that tries to claim ownership is misleading you with the charitable trust i said in our morning meetings this week, so why be inclined to buy weakness when we get oversold again all right. first you need to understand that we president not in a time where there is grave systemic risk to the economy or the country. save the possibility of nuclear war. which sadly is truly on the table with someone like vladimir putin who has demonstrated a shocking level of instability. i never thought i'd want for the gold old days of the breshnev administration if the place for high is reduced, a place for win, a higher chance they pull the button i want ukraine to win, that's the higher risk strategy

according to the eu policy chief, joseph berrell, the russians since the invasion, give them 38 billion that's shocking versus the meager sanctions we put on them. sadly, even if the fed raises rates dramatically, it might feel a war against your assets, your homes, your boats,maybe even your stocks remember, most people don't own any of those you know when i was growing up, pop every saturday i used to get scared when i went past a religious shelter with a sign that said, i cried when i had no shoes until i saw a man with no feet i remember asking pop, what it was like, i mean, do you think to have no feet? he described it but he also said it was a reminder of how fortunate we were. having a steady box selling box. we had a house so those with real assets going down in value a, you got shoes plenty of them

next, even if you want to get out of this market and jump back to lower level, that's a mistake. do you really think you can do that with perfect timing i like analogies, the last time the fed declared inflation, even if it was a fraction what it was this time. i remember that bottom well. it came after scott whatpner's show and said it was all over equities the timing was tough it would have been much easier if you never sold in the first place. how about something more recent? the scare of a lifetime at the start of the pandemic, who knew when to get in on that bear market once again, very multiple rich hedge fund managers came on air and talked about the apocalypse. one literally said hell is coming, heard around the world, that was the end of that bear market listen, i only sold everything once, okay 28, they said take any cash you might need for the next five years. it was remarkably critical

you dodged a 40% decline i'm still rallying criticized for scaring people in the market you would have done fine if you had it for a few years i think it was right side stepping that meltdown and they're furious at me. the lesson is jam packed you can put some of that money to work. and we're putting some to work now. even if are you told to sell, you get the timing right, maybe you shouldn't listen it was different in 2018, we had a bet. in 2020 a pandemic, this time out of control inflation, reminiscent of when i first started trading. back then everyone was running out of the burning theoryp i ran in the fire burned out. the lesson is clear, it's never as bad as think it is, that said, we have two markets right now, one is an insane bull market nobody is talking about one is terrified that everyone is talking about

when the fed had yet to take action, consumer stocks were getting hammered now the fed is trying to kill inflation. the drug stocks are on fire. so will many companies that have to buy things that kept going up and up in price. you know what, i think the banks may be next to run given how low they are but don't ask, bulls, travel, leisure, oil, pipe leans, insurers, agriculture, bears, but can the latter stay this cheap? one last thought, many investors don't remember the crash of '87 an terrible tuesday when the dow fell in two days, maybe they weren't brilliant. here is something to keep in mind if you had bought equal amounts of the top ten active spots the friday before that crash, the dumbest date in history to provide stocks what's the old take away if people come on tv and tell you to stay away, it's the

biggest bear market ever, you better be real careful the apocalypse is not coming even if they scare you out of your wits, nine times out of ten, you should strap yourself to the mass and stay the course and don't think hell is here last week, i didn't try to talk them out of it i have no idea what putin will do, none i did trade around chernobyl as well as fuckushima daiichi. if you know the fact that you won't recognize them, why do you sell them because you can't see them on the chart. bottom line, know how smart you get, they get out and back in at a good price that's why it's a mistake to sell everything even as the markets got more difficult for sm some, once favored stocks as i can argue a whole new bull mark has come alive with pleasure aj in wisconsin, aj. >> boo-yah, jim, how are you

doing? >> i am good, how are? >> i am great with farmer expected to take the cycles highs, to strong agricultures, equipment and john deere's points for growth. the bit has a fierce fundament am my question for you is, how will ongoing anxiety conflict in eastern europe with john deere's next 12 months financial result. is the buying activity at this level? >> i happen to like thing a stock ag stocks and steel i this i the price of steel is going down i have to tell you the price of -- are going up, unless the war end. if if war end, the ag stocks, these ag stocks will be unbelievably good. i think that can hawaii let's go to jay in missouri jay. >> caller: jimmy, how are you doing? >> good, how are you >> caller: good, dealing with allergies, you know how spring weather gets

>> yep >> caller: i just wanted to touch base, i see hometown you give the h a hard time from time to time. but what's your thoughts on amc's purchase of hymc >> okay. now, i want to be clear. because they have now, i'm the most handled person on twitter, which is rather amazing. i can take the heat. i love him aaron is from philadelphia, he's like two miles from me he's done a remarkable job i think as long as he's in amc, it will be fine. why am i hated look, i don't even know. i told my wife last night. i said, listen don't twitter about it ryan in connecticut. ryan >> hey, jim, how are you >> i am good, ryan, how are you? >> good, thank you first i want to thank you for all that you do. i want to also point out your books are excellent. >> oh, thank you, you are terrific, thank you very much. >> my question is in regards to target, tear operation and their

execution are sound. they have a fair valuation, a peg ratio. my question is, do i have your blessing in starting the position at these current levels or should i be looking at the other discount retailers >> i am a big believer that walmart and my trust has a big position in walmart and in cost co we think those are the inflation fighters as the fed lowers, lowers inflation, target becomes more and more attractive and let's not forget that. not everything is a falling night tech stock yet, everybody seems to think that is all there is in this market all right. it is a mistake to sell everything even though i am the person this has gotten more dpiflt for the tech stocks. lowes behind the hotel chain lacks coverage on the street can this be a benefit for home gamers i am taking a close look at stock. the average is rolling over. what does the vix say?

i think it will be very surprised. last year they dropped cruise travel i am learning more about this industry from frank del rio, by i think is going into bull market mode. stay with cramer ♪ inner voice (furniture maker): i'm rubbing the arms of my chair... ...admiring the craft and detail i've put into it. that way i try to convince myself

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everyone company but during that exercise, we noticed something unusual. there is one that doesn't have any earnings estimates of any analysts well, it's not that we define stocks without any analyst that's an entirely different spoon. this is a $15 billion business here with a 76-area history with more than 60-area span as a public trailed entity. i'm talking loe's corporation, loe, not like the home goods chain. it's diversified conglam rat don't confuse it with the place about home improvement even without analyst performer, it's up roughly 10 perper area i say no coverage, no problems loews has a great story, the fact that it managed to fly

under the radar means you get a chance to buy it for less than it's worth ews is a host of different industries over the years. always opportunistic that i have property casualty insurers business. natural gas pipeline, also a storage business loew's hotels, that speaks for itself, a make for ridge it plastic packaging, formerly known as a consolidated company. leows owns 89.6 stake. in altium, they have a 53% position of course, given the nature of these subsidiaries, loews struggled a lot in the early days of the pandemic, life insurers, it exploded. that's why the stock initially tumbled from the mid-50s down to the 20s roughly two years ago. they had a 53% stake in diamond and offshore drilling which went

bankrupt april 2020. however, all four businesses made remarkable progress last year now loews is in excellent shape as the world returns to normal and these are all industries that i would say are in bull market mode. let's take them one-by-one, the largest component. this is one of the top property housing and insurance companies in the country it's got a balance sheet, too. it's a fabulous business to be in this cycle. people don't stop paying premiums because we might be headed for a recession at the same time, insurers companies can earn more risk-free as they wait to pay out claims the foundation of loews is a cash machine that constantly throws out money many times, we have a serious shortage of natural people lines. bad news for global energy greatness for loews. the food boardwalk, they earn more than 14,000 miles of pipe,

with a tremendous amount of capacity for natural gas have been a dog. now it's terrific. the best thing about pipelines is this location they're all around the gulf coast region they have a pipe lean for marcellus formations in the rust belt down to the gulf, where it can be liquifying overseas prime asset. that gives loews to talk about last night nearly all of the facilities are going up the gulf coast. third is loews hotels, it has 32 luxury properties. this business had a tough time in the last two years. they have been in bear market. i think that will change for all of the companies that got bearish, travel is not one of them. even last year when things improved for loews hotel, they had 55% of occupant sichlt tons of upside. people have been couped up too long they want to take real vacations again. they make highly diversified

products and i think they've got to solve a long-term story as they currently contend be rising oil costs. that will flip altium plants consolidate what remains a fragmented industry. put it altogether and loews gives you poor quality business. the crux of the story here is they don't get near ply enough credit for any of this this stock is severely undervalues. the sum of the partsis worth far more than the current hold look at this at this moment, loews has a 16 billion market capitalation they own 9% of cna it's a $13 billion market gap. it's worth 11.67 billion with other tax considerations put them aside a second. the company gets you to 12.76 billion. the stockmarket valuing the rest of the business at 2.84 billion. again i know there is static, but still. you get to rough figures, that's less than 3 billion for a decent

size luxury hotel and 53% stake in altium packaging, that pipeline business alone is so incredible loews hotels generated nearly 1 billion in pre-tax and amortization last year ignoring altium, you get these next to nothing. their businesses will be way up this year. especially since the numbers definitely will rise, altium, we know loews sold a stake last year if you roll with that valuation, the remaining position should be 475 million, at the same time loews argues the stock trades will be a triple discount. there is a sum of the parts valuation. cnn financial, a large part of the business trades in discount to its peers in the insurance business, despite having a high dividend, cna sells less than 11 times this year's earnings evidence, the s&p 500 sells close to 17 times, i think those assets are way too low

thirdly the discounted book value. which is what the company would be worth if you liquidated the whole thing and return the money to shareholders. at the end of last year, the shares were at $71 a $63 stock management is putting their money where the mouth is they say the stock is too cheap. they are buying back stock hands over fist. over the past ten years, loews had share cap. they've repurchased a billion dollars on average every year since 2018 here's the bottom line okay loews may not get love from the analyst community. i think it's a hidden general and should work perfectly in an increasing tough market. let me tell you something, the people that run this family, the ter tish family. they are great teachers. they taught me a ton i always listen they're that good coming up, the fed's got a lot to juggle. what can the charts tell us about what's to come

cramer plums the debts to get you answers next you answers next ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪

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. as we try to get confirm that the federal reserve might be trying to destroy the economy to save it i think we take the temperature of the stockmarket maybe it's not as bad as we think. i don't know that's why tonight we go off the chart with the founder of option fit.com. he also writes real money.com. these are resident volatility expert right now we are hostage to volatility he's been very right n. his view, this is a temporary volatility spike the market will resume its previous rebound in the not too distant future i read the piece at 2:00 don't be too conservative.

there is a lot going right take a look at the daily action of the s&p 500 as the volatility index for sure we got hammered and vix spiked 5% that's not supposed to happen. right? it's normal for it and the s&p to move in opposite direction. its when they move in the same direction, ask you about the market trajectory. look what happened last october. when the s&p sold off and bounced right back, sebastian points out we bottomed at 4300 in october okay here we go then the s&p moved up the races relative new all time high of 4,796 in january 3rd, nice however, within that rally, we have a vicious decline in late november, early december, when it surged higher while the s&p started roaring back, the vix spiked it went higher, not low ever weight a second.

at least at first. sebastian says the vix jumped from 18.58 november 24th to 28.62 on november 26th meanwhile, the mark tanked with the vix peaking three sessions later at 31.12 see, right here. by december 8th, the s&p 500 was rallying again next let me show you something interesting. there was a problem with that rebound. because actually s&p simply didn't match up to what we were seeing in the volatility index sebastian points out when it hit an all-time high, the vix was giving readings well above its lows in october and november, that was a reliable sign that there was something wrong. when the s&p makes a new high while the volatility index refuses to go back to previous lows, that tells investors, well, you should worry because others are and we certainly had reason to be worried this was after the federal reserve made it clear they were about to raise interest rates

aggressively at the same time, this is something we discussed before. when the s&p was sitting at the top in the last week of 2021, mean dering higher, the vix wasn't dropping at all again another sign of fear see it should have been going into that, right all right. now, let's zoom in on the action 2022 as it got rolling, the s&p tanked, the vix basically went straight up, all right the market tried to give us a head fake rally january 11, 12, the vix didn't take out the lows, the s&p temporarily went higher, the volatility was off to the races from there. next, please who ill the s&p did recover in the last week of january, it rolled over again in february. most importantly, sebastian's perspective is the fact that the vix confirmed negativity every new low for the s&p the vix went higher, just like it should then sa few weeks ago, march 14,

something changed. and sebastian points out that the s&p 100 came within a hair of touching its previous low from march 8th okay see right here, you got to look right here but look at the vix. when the volatility index surged at 35 on the 8th, it only rallied to 31.77 the s&p nearly re-visited the lows of the 14 that told you that the fear was evaporated so why go through this whole odyssey? because we're all trying to figure out what the heck is going on after the terrific rebound, we are now on the heels of two days of selling and the market suddenly feels ugly and everybody is saying it's a bear market but the volatility index has been a good guy to the broader action in the market what it's telling us right now sebastian says, we've gotten more room to run higher. the s&p 500 most recent high was 4631 in the march high at the time it closed at 1890. the s&p failed to touch the same

highs on monday. notice the vix hit a lower level here okay in other words, the level it hit was 1857 in other words, the market went down but the vix also went down. that means despite the action today, the fear is continuing to subside. so what does sebastian think looking at it right now? he his view, we're in the midst of a two-to-three-day vix spike. it moves incredibly fast and tends to be short lived. he's betting the market will rally by monday. he doesn't see the s&p making crazy highs. he thinks it's 4700. put this right here. okay again, sometimes maybe potentially before easter. all right. i know this is all confusing the bottom line sebastian says, we're currently in the middle of a short-term volatility spike. once it's over, we will return

to the march bottom environment, where stocks can easily go higher other than tech, kushs and conservative i got to tell you i agree. let's go to peter in virginia, please, peter. >> caller: hey, jim, boo-yah and congratulations on your success with "mad money" and all the other programs you do. >> thank you. >> caller: terrific. >> thank you very much >> caller: my call tonight is on clorox, which has me very concerned about. while it has 3.2% yield, it also sports a rather large debt equity ratio and i'm considering swapping out of clorox doing almost straight into church and the like or procter & gamble and the thought here is that people are shifting to more generic

brand. >> if you think that i think you should go out to get it at cost co costco's got the best generics it's in total bull market mode a big position by the charitable trust. i'm surprised they haven't gone after every single aspect, clorox is not doing well that itself way i would play it. let's go to jeff in new jersey jeff. >> hey, jim, got a few next gen fans i wthat want to say hi. >> hello >> i like that i like that. great to have you. what's going on? >> hey, my stock you know really well, i think it's got all the checkmarks that you looked for, things like customer base, which is taiwan semis, samsung, intel, generates 70% of future revenue through service, parts, long-term agreements based on subscription model $6,000 share reauthorized.

it's a minute to a conclusion, respect and they welcome diversity and a different perspective. they said this stock could be the key to the market. watch, closed today about $5 off its low. it is applied materials. >> oh, man, applied materials is very cheap as is lamb research i agree with you i like the kids, too i think that those are great stocks here. now i am getting very conservative about some aspects of cat it does not include either applied materials or lamb research i know this is confusing but the bottom line on this chart is we're in a little volatility squall here then we're going to start going higher again that's right we could return to the post-march environment, where stocks can go much higher. i hope he's right. it's certainly a confusing time. much more "mad money" with your region, booking with pre-pandemic levels and travel on the increase, could well let's just say could it be time to start buying the cruise

stocks i will talk with the ceo the airline bidding war is heating up with jet blue courting spirit with more than a $3 billion bid i'll tell you a closer look at that believe me, i wouldn't bet on any of those deals happening then all your calls rapid fire in tonight's the lightning round so stay with cramer. alright, so...cordless headphones, you can watch movies through your phone? and y'all got electric cars? yeah. the future is crunk! (laughs) anything else you wanna know? is the hype too much?

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what happened before it's truly safe to invest in airline stocks two years they've attempted a comeback play. every time they bounce, the move turns out to be premature. take the cruise lean holdings, as people started getting vaccinated, the stock ran from

mid-teens to the mid-30s, all at its highs last june. since then, they started sailing in, the stock has trended lower. $20 and change as of today just as people came back, wall street started worrying about costs. the fuel lines burn fuel it takes a big bite out of their earnings, on the other hand, the full fleet will be sailing again by the middle of next month. can this pull back be a buying activity, let's check in with frank del rio, well come back to "mad money." >> hello, jim, it's good to be with you again >> the last time i spoke, we were with you, it was just all about how you were trying to get bell e people away from covid, exhibit the fact that people will get covid, but that you are doing your best to stop it now it seems, leak me, there are many people who have said enough is enough, let's start cruising

again. >> you know, that's right. look, as far as we're concerned, the pandemic is not over because i don't think it will ever be over but it's behind us when we last spoke in early november, i only had 11 of our 28 ships operating we went through the delta and delta, the beginning of omicron. we went through that, and now we were about to embark our guests on our 25th vessel out of 28 all 28 will be operating by early may. scores on the vessels were operating at an all-time high, on board revenue we mentioned that in our last earnings calm. the cdc has relaxed many of the friction-causing protocols we think there will be additional release from protocol pressures april 18th is a big day, the government is supposed to eliminate the mask mandate on airplanes 80% of our commerce first must

get on an airplane before they get on board our vessels so all the indicators are pointing positive and we're encourage candidate. >> okay. so new ship in september of 2022, let's say i wanted to get on that ship, did that's already sail the resume has already sailed? >> there is always a cabin for you, jim but norwegian apprima is selling like no other force before it. at high prices we are doing a celebration inaugural from iceland, katy perry is going to be the godmother vessel, it will be a fantastic event. a lot of excitement. travel agents are around the country are excited about it so are we. i think that that's going to conclude if you will the great cruise comeback for our company this year. >> now, some people are saying

again, the numbers, you can't speak to current reservations, but some are saying to me, jim, will you stop it with the sales? they loaded up on so much debt they're finished said, frank del rio is never finished peru concerned about paying off all that debt, what can you do about it >> i wish i had the balance sheet at the end of 2019 before the pandemic began in early 2020 one of the wonderful things about our company is the amount of cash that it generates, pre-cash flow. i will tell you, right before the pandemic hit, the biggest concern we had was what do we do with this unattached that we're generating, do we buy nor ships, pay down debt, buy back stocks we were considering all those things i will tell you the focus today once we get back to generating the pre-cash flow that i know this company is capable of generating is to pay back that debt it will take a couple of years, but i am confident if you believe in the cruise industry

and our ability to come back, what a great value proposition cruising is, customers are coming back. the great present-up demand, the back half of '22, fantastic '23. we are confident the weaker balance sheet, i admit than it was a couple of years ago, it will be restored to its luster in not too distant future. >> let me play devil's advocate, truest is saying that obviously, they expand and do price cutting. they say historically once cruise lines discount ticket price, it is taking years to get it back to pre levels. is that analyst correct? >> yes, they are i have been an advocate of no discounting. our go-to market strategy before the pandemic during the pandemic, market to fill i will spend whatever is necessary in marketing to gin up demand for our vessels and won't

sell cruises at a discount there are times when we do plo mo promotions, it's typically value add. dropping prices like we seen in other instances, for example back in '08 and '09, in the great recession, cruise companies dropped prices it took them more than ten/11 years to return to pre-recession prices so i don't want to go down that road it's easier to drop prices it's very hard to climb up that hill again we won't do it, like i said earlier. i said it throughout the pandemic on my last earnings call, our pricing is higher for 2022, back half and in 2023, our record years of 2019 so we don't believe in discounting we believe in full ships but we mark to fill. we don't discount. >> that will hurt my plan. i did signal recently. we were joking i said, i want to do my

investment club on a cruise ship a lot of people were snickering to me. i looked at my twitter file, which is usually quite negative, i saw more people want to go on a cruise, i told my team, i cannot wait. i think are you back and are you bicker than ever, frank. >> well, i hope so i got to tell you, jim, i got calls from people i know, is jim referring to your company? is he going to come on norwegian? you know, i didn't reveal any secrets, jim, but we're looking forward to that. >> all right thank you so much, frank del rio. you heard what he had to say, i don't know if this stock should be where it is in the bull market that is going on right now in travel. frank del rio, president of norwegian cruise lines, just a pleasure, always "mad money" is back after the break stick around. >> may i make a suggestion >> the lightning round is coming

up next.

before we get to the lightning round, i want toen courage you to join us tomorrow for 12:30 p.m. we will hold charitable trust holdings and plan a volatile market you don't want to miss this one. if are you a member, i hope you are, i will see you there. if you are not and you wanted to join, just go to cnbc.com/join the club or put your phone at this qr code and now it is time, it's time for the lightning round. we tell you whether to buy, buy,

buy, or sell, sell, sell then the lightening round is over are you ready, ski daddy let's start with jodi in judit >> caller: i was wondering your thoughts on the ticker blc should i hold or buy more? >> i think they anticipating rates would be increasing. i would be a buyer not a seller of that stock. let's go to ryan in california, ryan. >> caller: boo-yah, jim. >> boo-yah. >> caller: i'm a first time caller and a long-time fan, i want to know what's your take on digital oc holdings? >> look. we looked at this company, there was another time when it would have rallied i think because it's a company with good growth. we're not recommending companies not making money we don't think they're conducive

at all to the bulls winning. i think those are not what you want to know let's go to bob in florida, bob. >> >> caller: boo-yah, cramer. >> boo-yah, bob. >> caller: thank you for taking my call. >> absolutely. >> caller: you helped me great about four years ago with the exact same situation >> okay. >> caller: i have a stock that spun off another company i need to know what your thought is on holding, adding to it or dumping it the stock that's spun off is douglas elements symbol doug >> that company is down 40%. it's a profitable company. it sells as a ridiculous price during ratio i'm on board, i'm on board with that stock let's go to john in california, john. >> caller: hey, jim, thanks for taking my call >> absolutely, what's up >> caller: inau

[ inaudible with the grandkids, the symbol is wcn >> i like waste more than them, i think waste is a better stock to own that's one i would buy let's go to brian in ocala brian. >> caller: how we doing jim? >> i am doing type, how are you? >> caller: i'm doing pretty good what do you think about poshmark >> poshmark, we are not in favor of companies losing money hand over fist. even if we like management let's go to maylon in new jersey. >> reporter: >> caller: hey, jim, it's maylon, by the way. >> sorry. >> caller: a big point for new jersey. >> here i come, what's up? that's wr my daughter lives. >> caller: what do you think of cleveland cliffs >> let's take a fringe on that one, it's up so much i worry rates can't stay this

high i think rates will peak and still they can come down, that's why i like some of the companies that are buyers of steel, not sellers. let's go to normen in california norman. >> caller: boo-yah, jim. >> boo-yah. >> caller: for a while i've had an infrastructure company that builds highways, airports, subways, i'm in the house of pain how do you feel about tpc? >> i was speaking this morning on sidewalk, he was saying we will have this giant structure, the money hasn't hit yet when it does, it will be amazing, so i do not want to sell down here the company makes a lot of money. let's go to jim in new york. jim. >> hey, hi, jim. analyst ratings have an average $51 for bank of america. which should make me happy should i hold on it to or get rid of it? >> great thing about brian moynihan in the "time requests

about how many great things he's done this is the crux i have been saying it's a bull market, but tech is not good the group that is going to determine the ultimate direction of this market is the banks. and if bank of america does well, then this market is going higher, i think it will. and that, ladies and gentlemen, is the conclusion of the lightning round! >> announcer: the lightning round is sponsored by -- coming up, merger competition is in the air. will the government let these airlines go wheels up on a deal? cramer thinks not. cramer thinks not. nor next.

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right now, jet blue and frontier airlines are put in a strange bidding war for spirit airlines, for first frontier offered 2.9 billion in early february jed jet blue came in with a 3.6

billion bid with annual synergies. now you may think this is sighting merger mania, me i think it's idiocy, it's a waste of time. why? the regulators and the federal trade commission and justice department will do the best to block either of these deals. i'm convinced they will let it happen, i'm appalled at the advisers are being incredibly irresponsible here i almost can't believe they are being paid for this advice might i be so confident in bind basically is like the obama justice department i know they feel tremendous remorse that they allowed so many major airline mergers back in their day united and continental, u.s. air merging in 2013. they permitted an enormous col sol days ago given the pricing price for the examiners. you know it's clear they are a threat i talk to people from the obama administration, they wished these mergers were blocked like

the merger between at&t and moment i was at a conference, when that fear was announced in 2011 we had all the telephone companies. the other phone companies said, they'll never let that deal happen the at&t advisers misread the government's intention, fast forward, 2022, lena con is so opposed to the consolidation, it seems fanciful to me shoes microsoft activision deal. i also believe john p. caner, paul weiss, the head is real smart fella would be similarly opposed. what can blame him, from west palm to ft. lauderdale are the greatest bargains out there. i think they would disappear you need to understand, the biden administration is extremely pro consumer and

antibusiness i know i'm simply facing the music coming from the ftc and justice. the oil markets are thrilled why they aren't pumping more of course, the oil companies are adjusts putin. biden sees the prudence as a silent conclusion to rip you off. that spells trouble for the oils and makes it clear the decisions will be second guessed by the white house. it's less business friendly than obama. i believe we are looking at the beginning of this regulatory intrusion. if you pit my consumer hat on, i naturally want lower prices for the airlines and cheaper prices at the pump. i have to recognize this government simply doesn't care about the stockmarket. there is no concern for your ira. the biden administration cares about your spending, biden bragged to me, he was the poorest senator. let's enjoy him. when you see a takeover bid in a concentratinged industry, you need to recognize that is a

sell, ka-ching, ka-ching there is a chance to blocking the deem as they don't want to experience the same merger remorse as their predecessors in the obama administration i'd like to say there is a bull market always somewhere. it's right here on "mad ♪ ♪ measuring the timeframe of the war in europe. no longer days or weeks, but months or years. i'm shepard smith. this is "the news" on cnbc targeting putin's banks and his family >> they'll not be able to touch any of their money or do business here. >> the president calls major war crime, but will the west stop buying putin's oil. russian forces now fully out of kyiv. so what's putin's next move? we'll ask the pentagon press secretary. lawmakers unleash on oil comny