you're the giants? >> yes. >> unbelievable. valero, vll. look at these refiners, unbelievable >> thanks for watching "fast money.anywhere "mad money" starts right now my mission is simple to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now ♪ hey, i'm cramer. welcome to "mad money. welcome to cramerica i'm trying to save you money my job is not just to entertain but to educate and teach you call me at 1-800-737-cnbc. or tweet me. stop giving up on companies you believe in you'll be wrong more often than you're right, and you'll end up

kicking yourself on days like today, when the dow surged, the nasdaq sky problem etted -- skyrocketed we were puzzled of how some of the stocks were so doing so poorly it was crushing us and then i was reminded when i worked with karen cramer at my old hendge fund i would see a stock down big and she would ask me, did you do your homework? i would say yes. she would say, do you have conviction absolutely then pick up the phone, get a look at the stock, meaning how much was offered, and buy, sometimes buy a ton of it. right then and there she did it because she said that the sellers weren't as smart as we were. which meant that we were doing something stupid if we decide not to buy the stock

too often, stocks go down because people haven't done their homework are knocking them down for reasons that make no sense. just because the stock is down, that doesn't mean that the decline is justified markets are constantly making mistakes that's the whole reason why it's possible to make good money in this business! one common mistake, people don't realize there's some big-time execs that you cannot afford to bet against! case in point, alphabet. jay, the old google. the ceo, very good, very good. but the cfo, who runs the conference call, extraordinary the other night, alphabet reported and the headline reporters put out stupid dribble how thestounding

shortfall. the stock fell 240 points. oh, no, can't touch alba fbet. then you listen to the cfo and what does she say? she told you it was a quarter for search and cloud and for youtube, except for in europe because of the war while the numbers fell short of expectations, the end lines were amazing. i was watching the stock come down, so i wanted to listen to the conference call in case she said something horrifying, maybe there's something bad. but when i read the transcript when i got home, i was furious this was ruth saying things were good one of the smartest people i have ever met, a renowned investment banker, former cfo of morgan stanley and the person

has horse sense. we you go up against her, you're bringing a pen knife against a javelin missile. one time she and her husband showed up, i went over to say hi to the gang. i saw them and i was shaking what are they doing here what was i going to say to ruth? should i just believe? this is like in my brain, what i was thinking why? because i wasn't prepped to see ruth at my bar i'm not that rigorous! to this day, i'm upset that i didn't bring my a-game to speak to her when i got home that night and i talked to my life, i obsessed how ruth must think i'm a joke or idiot if she says the quarter is great and explains it, you don't just dismiss it the stock's wrong, not her you dismiss the clowns selling the stock. they're wrong. not you! and certainly not ruth sure enough, alba fbet is withi

$3 from where it was trading the idiots who sold it down to $200, they wouldn't know ruth from a hole in the wall. me, i admit to still being intimidated by her but that doesn't mean i can't make money listening to her. then there's guy, mark zuckerberg he invented facebook for the desk top and everything moved to mobile he said he would make the move to mobile and people didn't believe him and he sold it down to $18 we believed him and it's one of the greatest buys i ever made. he figured it out, then he comes up with stories and crosses competition. this time he's supposed to be beaten by the genius at tiktok wow, are they smart. he's a dope, right he's created this whole area he was supposed to be beaten by

apple's new privacy rules. everybody was counting him out again, like he never did anything wright. do people think he had a brain transplant with one of steve martin's all-time great movie roles? what has zuckerberg done he's embraced artificial intelligence in the absence of third party data i like that. as for tiktok, i've been saying facebook reels would offer a better deal. it's now reels is already there as a small business person, i like it much better already and i would not have said it six months ago facebook put aside billions to defeat tiktok. wait till the end of the year, and it's like, what was tiktok this is the guy the bears went

to bed against you can't be serious the ceo of ford, last year he told us he was losing money in south africa i laughed. that's what ford does, lose money. this is the year he said he would take on elon musk and beat him with electric pickup trucks. i had the privilege in sitting in one today, and that ford f-150 electric vehicles -- the ford stock is one of the cheapest i would be a buyer if you're a seller, stupid is as stupid does. i know i always say wait and listen to what the company has to say on the conference call before you pull the trigger.

any way, finally a lot of people traded around the stock of apple, as usual. because we heard bad things about supply problems in china and slow services. that's people betting against tim cook you know what they're doing right now as i stand here and talk they're betting against tim cook they're selling it down. they're so smart i'm so smart, buyers are so dumb tim cook, what does he know? good, good, fine do it. i'm asterisking the worry about the chinese lockdowns. i know they will be in next quarter. but it's tim cook, for heaven's sake maybe get a better chance to buy, because the moron chowderhead naves are dumping it furiously and now it's at $157 genius i'll tell you, you follow the

cnbc investment club, we found out that tim cook was as smart as he was 48 hours ago, or even 37 hours i'm not advocating -- people are fallible, but just like in the nba, nfl, there are superstars, right? there's people doing unworldly things they are just better now, we don't have highlight reeling of the work of tim cook. we can't find espn doing these incredible stories about farley. and you're never going to see ruth in the wnba she's not there. if we did, though, you would understand you bet against these superstar ceos at your own peril. superstars don't win every game, but they win a lot more than they lose. and counting them out, rarely a smart decision paul in missouri paul

>> caller: what is happening, jimmy chill? >> i don't know. i had a couple of those energy drinks today i don't think they're good for you. what's going on? >> calling about the aifis budget group i've held it since march 2020. >> tomorrow, you're going to sell it and buy the stock of hertz. why? because that guy that runs hertz is smart and he's a money maker. he was the ceo of goldman sachs. stop giving up on companies you believe in superstars don't win every game. but over the long haul, i would rather put them in my lineup than trade down and hope for some sort of player that may pay off from ohio state tonight. on "mad money," is your portfolio hurting with hertz

not the quarterback of the eagles, stop it. the stock is declining i'll find out if it's worth parking your portfolio when i sit down with the ceo. and i'm telling you if today's rally could be a sign of things to come. and thinking of setting sail with brunswick as we head into the summer months? the stockholders are setting sail away from it. don't miss a second of "mad money. follow @jimcramer on twitter have a question? tweet cramer, #madtweets send jim an e-mail at madmoney@cnbc.com. or give us a call at 1-800-743-cnbc hissed something head to cnbc.com

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what the heck just happened to the stock of hertz? it came out of bankruptcy last summer and reported an excellent quarter. this one is a tough nut to crack. while the stock is cheap on earnings basis, the analysts expect shrinkage in 2023 and 2024 we've got a travel boom right now. maybe can't last here's what we know for sure hertz now is a strong leader to help navigate whatever challenges they may face in february, we learned they were bringing in the former cfo of goldman sachs as their new ceo. he took over just two months ago. so what is his plan? let's go directly to the source. he is the new ceo of hertz global, and this is a company that is very attractive. why? because this man is running it steve, welcome to "mad money." >> jim, thanks a lot

i appreciate it. >> so the first question i have to ask, cfo goldman is a fantastic job. why take on an outfit that went bankrupt basically and had to do a recapitalization what attracts you do that? >> what really attracted me, jim, this is an iconic brand it's been around 103 years not be standing efforts to do damage to it, the brand is extraordinary. coming out of reorganization with a really clean balance sheet, i think there's enormous opportunity to remake this company. you know what we did on a consumer side when i was at goldman, i think we can remake the customer journey here at hertz. i think that this is a moment where mobility is really changing and hertz can be at the center of it i think it can keep some great company in terms of other companies getting engaged and involved whether that's uber or tesla or lyft or apple or google.

all are getting involved in the mobility space i think hertz can keep real company there. so combined taking your business, your core business back towhere it ought to be with the consumer, and taking advantage in and around mobility, including the electric vehicle space, this is an exciting opportunity and one that attracted me. >> i thought of hertz being better than anyone else. you sound like you're a person that recognize it is hertz will get to the next level, they have to partner with anybody. >> i think the customer needs to be front and center. we cannot take the customer for granted. we need to earn their business and we're doing that we're coming forward with a diversified fleet of cars, including electric vehicles. we're diversifying the customers we approach. it's not just the individual at the airport, but corporate customers. corporate customers want to put their employees in electric vehicles to satisfy their own

esg and carbon foot print objectives and we're doing something nobody else is, we are renting them out to ride sharing. uber drivers are remtsing hertz electric vehicles. it makes sense they're making more money, we're making money that is new for hertz, new in the industry and i think we can make something real of it. >> can that offset -- you had some figures, 63% bad u nos, just a huge number of business travelers not coming back. can this make up for it? >> i got asked the question, where are you with what the normal market looks like leisure travel, 90% back business or corporate travel, only 63% back. and inbound, meaning non-u.s. travelers. so people coming from europe or asia into the united states,

only 35% back. now, corporate business is trending upwards, make no mistake. i'm confident that starts to come back. the inbound visitor from outside the u.s. will start to come back when full relaxation of some of the covid limitations are in place. when that happens, i think there's more demand here than what we're experiencing right now. and right now, this is a demand supply issue which is demand is outstripping the amount of fleet that the industry no less hertz has >> you have made an alliance with carvana they did a bond offering with jpmorgan, poorly received. can you diversify if things go wrong? >> i think the diversification story on the sale of cars is beyond carvana meaning there was just a wholesale market you would take a number of older cars you wanted them out of your fleet around told them hertz has a proprietary channel

that is one of the leading used car sales points in the country. carvana is another addition to that in the case of our own retail network, we are realizes prices on used cars well in excess of what we get in the wholesale market so i think it has a promising future ahead of it the bond deal was a challenge. i don't think it undermines the core business proposition. they're a very viable channel for us i view this business and i said it on the call yesterday, to borrow a page from my old job, this is an asset management business we need to be mindful where we buy assets and where we sell them and the game is in the middle and how we're selling them is across a diversified number of channels, which i think is serving us well. >> no one has thought of it like that you have fresh eyes to an industry that's never how the auto rental

businesses ever have been thought about. >> no, but that's how it is, right? i want to buy low and sell hi, where i can. that's no different than what we knew to do when we were at goldman sachs. now we're doing it at hertz. now we're sweating the assets. we need to think about return on assets what is the return our asset base can produce and there's the ame. you can't overindex on any one figure rate is one component. utilization is another, depreciation is another. you need to take the whole of that and say what's the return on the asset and let that guide you whether you're buying cars or not and whether you're buying electric cars or not because electric cars are fulfilling the analytics we first put in, which they are proving to yield a higher roa, a higher return. we're getting higher rate and lower operating experience on them >> one last question because of semi conductor vavailability and

price. is it possible you're buying high, and once they work out the supply constraints, you'll be stuck with a fleet too expensive? >> you need to mine your sales, right? you can't just look at infleeting new cars. you need to think hard about what is the value, the residual value on an older automobile how much rental revenue are you going to get, and measure that present value against the sale price at the moment. at the moment, we're seeing very elevated price levels on used cars but you can't wait that long you need to be very careful and manage your fleet. both intake and outtake very carefully. >> look, it's great to have someone who is a business person who is totally into this because that is you, steve, the ceo of hertz thank you for coming on the show and best of luck in this new job. >> thanks, jim >> i never heard the business described like this. it's been run like a real business

maybe that's why hertz got in trouble before, and why it can prosper now. "mad money" is back after the break. coming up, earnings are in find out what's in store for meta, next what's it like having xfinity internet? it's beyond gig-speed fast. and it can connect hundreds of devices at once. that's powerful. unbeatable internet from xfinity. made to do anything so you can do anything. (vo) verizon is going ultra! with 5g ultra wideband in many more cities, you get up to 10x the speed at no extra cost. plus six premium entertainment subscriptions, included!

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♪ ♪ if you're looking at today's monster 17.6% in meta platforms, formally known as footacebook, normally stocks don't rallylik this unless they report a strong quarter. facebook hasn't done these things last night, the company reported a quarter when you looked at it in a vacuum --

it's clearly good enough to get investors excited about the thing for the first time in ages i've told you that the negativity in facebook was overdone we've had a small position in this for my charitable trust forever. we added to that position because the stuck had gotten too darn cheap i thought the skeptics were counting facebook out, even as the previous quarter was nothing to write home about. even i didn't expect the stock to explode like this the turn around might be a quarter at best. what made last numbers such a plus for us, how it was up 18% on a quarter no one should describe as a blowout, even if it came in better that ben fear simple, earning season is all about context. the context is that almost no one expected anything good here.

look at this this is horrible, right? it was off its all-time high in september. the trouble began last summer when we learned how apple's new privacy rules were putting the squeeze on facebook's targeted advertising business worst than any other company when facebook reported last july the headline numbers were excellent, but the growth rate would decelerate in the second half the year it was warned. that's when mark zuckerberg started talking in detail about his ambitions for the metaverse. we just wanted to make it so that instagram didn't get beat up remember, back in the go-go days of 2021, wall street loved these stories, right even if they don't -- didn't have any near-term payoff. so the last couple of months, the stock rallied nicely it was perfect for the moment. when facebook reported again last october, they had their first revenue miss since 2018,

and the stock got crushed. a few days later, they rebranded as meta platforms. although initially facebook held up well, because let's just say -- but facebook slammed head first into a retaining wall when it reported in early february this was a sizable earnings miss, coupled with dismal guidance for the next quarter. so the point where i said oh, darn, i can't believe i own it for trust. their four-year capital expenditures would be much higher than we thought in response, the stock lost a quarter of its value overnight since then, facebook has been in the penalty box. you had the apple privacy changes, so everyone that accesses facebook on an apple is

much less valuable to an adve advertiser you had general pressure on the advertising business because all these supply shortages mean companies don't mean to spend as much, because they don't have any merchandise. it didn't help the user growth seemed to be evaporating you have a situation where bulls lost all confidence virtually overnight. it didn't matter that mark zuckerberg was running it any more i've told club members to chill when everyone is panicking i was adamant facebook would be able to beat tiktok by copying them and i figured the stock was way too cheap. i warned you to wait for a better buying opportunity, which turned out to be the right call. this spent its way working

lower. now that we set the scene, let's talk about the quarter meta facebook reported last night while the revenue was only up 7% year over year, they delivered a 16 cent earnings fee last night i called that kind of questionable quarter, because much of the revenue shortfall came from russia the whole platform has been blocked. they're no longer taking advertising from russia. the daily average users up 4% year over year after the previous quarter, everybody was worried about the slight decline a major line that is declining so these numbers put those worries to rest. many of these new viewers were from underpenetrated areas like india and indonesia. a market is a market

these people are turned on by facebook now more importantly, the conference call gives the bulls everything they could want. the managers acknowledge and recognize it's harder to monetize engagements with reels that are tiktok knock offs at the same time, facebook made it clear there are investment plans. while they want invest memtd in growth areas, they say they will slow the pace some of our investments. wow! and that's why because they don't have the money? hardly they bought back billions in stock. they have having so such success that they didn't expect. mark zuckerberg said he's confident the social media business that facebook, instagram and what's app can return to better revenue in time i believe him. if there's one thing he knows better than anyone, it's social

media. ad pricing was down 8% year over year, not good apps were up 15% then there's reels okay, they're already seeing great engagement with reels. step one in tiktok they're coming up with better ads for these videos they're already seeing promising leads. i checked it out myself. i see it i think meta facebook still has more work to do, but their turn around is ahead of schedule. historically, they have focused on showing you content that your friends have posted. now they use everything they know about you, thehighlight stuff, that their ai thinks you like it's a better model. come on, you go to amazon and it says you might like this, the odds are that you do

that's artificial intelligence facebook is applying their targeting platform to reels for the first time they have already got this down to a science with facebook and instagram. and the company seems to be getting a handle on all these new privacy restrictions way better than i thought they would. it's so soon to do a victory lap, i feel like meta facebook's turn around efforts are already paying off here's the bottom line even after today, the to be sells for 17 times earnings. thousand that the biggest fears are off the table, facebook is a good value play and it will roll up and roll up especially if young get it off the amazon bad news tonight, do some buys. jessie in california, jesse. >> caller: boo-yah, jim. >> boo-yah, jessie >> caller: i've been watching for years. i really appreciate your sincerity. it's surreal to be talking to

you, and may the world unite >> thank you, man. thank you. >> caller: the revolution of love okay there seems to be a lot of confusion around the metaverse it's spatial computing when instead of staring at a flat screen, someone is immersed into a digital environment. it seems to be the next frontier in computing and this company may be the purest play in that space. however, it's not only -- they made of a billion in revenue, global gaming is a $100 billion market the engine is used for console and increasing for special effects in cinema. the stock was $210 in november has unity software gone down enough >> you just said the thing that matters, $200 in november.

when the fed pivoted and got tough, we switched to going to buying companies that make things and do stuff at a profit, return some of that profit to share shareholders these things cannot -- this company does not do that it doesn't fit the profile so we said you could no longer own it but i thank you for the kudos. i've got to call it as it is people want me to say buy this and buy that and i can't. i just can't i think meta platforms is a very good -- i can't believe i'm saying this -- value play. much more "mad money" ahead. this market is up and down it may have you feeling seasick, but i'll tell you if the investment in brunswick could steady your portfolio sales. and then the inflation blame game i'll tell you why powell may not be the problem and then the lightning round so stay with cramer!

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♪ ♪ let's go to brans wick the maker of boats and a series of just excellent results. yet the stock has plunged from $117 to the mid 70s today. i've been recommending brunswick since the early days of the pandemic this morning, brunswick turned in another excellent set of numbers. a 20 cent earnings higher than expected sales management gave strong guidance. the stock only rallied a little more than 2% but it's still down huge from its highs and sells for 7.6

times earnings i think it makes a lot of sense to buy it. but it hasn't worked let's take a closer look with the ceo to learn more about the quarter. welcome back to "mad money." >> thank you for having me, jim. >> so once again, david, the demand is strong obviously, the supply chain things that we talk about. broader breadth of product, just doing so well. what do we do, just keep buying back shares because the market didn't like it as much as it should >> first of ault, it was a great quarter. revenue is up 17%. eps, up 13% versus last year and what's amazing is all of our segments contributed propulsion was up, p&a was up. that's very noncyclical. and we took some of that goodness in tier one and raised the four-year.

we're moving forward with strategic actions that are going to make us even more resilient i think in this environment where we're seeing the market really impacted by macro and f geopolitical issues, this is a time to shine. of course, we have to focus on the controls at the moment, and that's what we are doing >> there were some talk in the conference call. people talking about maybe the weather wasn't that good, and suggesting that maybe the business could have been even stronger if you had the right inventory. is this a new tone that i detect after multiple years where no one would bother to ask those questions? >> you know, for all kinds of reasons, i think people are a little more focused on the shorter term things. there are some things happening like, a little bit of a later spring what i would really like people to do is this focus on working out q-2, that's fine but what i want people to focus

on is we built this incredible engine of long-term growth mid teens, top-line growth for the next -- at least through 2025 but certainly beyond and built to perform in any environment. so we are an incredibly good company operationally. we'll work out those issues. there are shortages of inventory right now. but we're working on that. of course, that means we have more certainty about wholesale production throughout the balance of the year. those questions are creeping in, but we need to focus on the longer term. >> the other thing creeping in, because even though the average boat is less than $50,000, financing has gone higher. does that really -- does someone who wants to buy a $200,000 boat think about that rates went up >> i think in the short term, maybe on a forecast basis, rates are up

but they're not super high at the moment loans are not in the same period as cars. both loans are up to 15 years. people are looking at monthly payments even with the rise in rates, those haven't been significantly affected about 50% of boat purchases are financed at least we're aware of the financing mechanism for about 50%. but the rest are cash purchases. i would say interest rates are not at a level at the moment that would be a big dissuader for people looking to finance a boat >> now, there are a lot of high-end retailers who told me, look, like our age you mow what the war in ukraine, stock prices are down people are getting a little down themselves it's not the time they don't want to buy big. is that a story that you're hearing? >> i think it's a general story,

but it's not something we're seeing in terms of the way we perceive underlying demand what we're clearly seeing, jim, is strong underlying demand. we do regular surveys of the market, monthly surveys. and we ask fwoeboaters and inten boaters about their intentions to go boating and intending to buy a boat and there's no change from the same time last year. so we have a very resilient group of boaters and intending boaters, who are certain hi intending to do the same thing as last year the new boaters are limited by the available inventory. inventory this year is down versus the same time last year but a lot of nominal inventorie is retail sold so there are about 5,000 brunswick units of inventory in the field, and we have 900 dealers. so it's a small number of boats

per dealer and we think of it on a uni basis. but if i have a 20 foot aluminum boat and somebody wants a 30 foot boston whaler, it's not a match. so inventory is a limiting factor, and we're not seeing demand go down >> when i look at the -- i'll tell you, i butmped into someon who said when i bought a boat i bought a brunswick what does a ceo do, just keep nose to the grind stone and not worry about the fed or say, maybe i have to make some acquisitions to make me more secular rather than cyclical how do you go to work every day knowing your stock sunldis under pressure but not from anything you have done? >> it can be frustrating but the good news is, there's a

lot we can control, way more than in the past we can even control demand there is a lot that depends on whether people go boating, not what the market demand is. we have a recent history and expectation of market share gain in our propulsion business so we have many more drivers of revenue growth than just what the market is doing. in fact, the market is good at the moment but we'll keep executing that strategy, that continues to build. like parts and accessories and the freedom boat club. we'll keep marching forward with all those things and eventually the market will catch up >> i agree sometimes people should just not look at a stock unless the company falters. and your company has done anything but falter.

ceo of brunswick, great to have you on, as always. >> great to be on. thank you very much, jim so guys, if -- when the market likes something, the stock tends to double. "mad money" is back after the break. (vo) this is more than glass and steel... and stone. it's awe. beauty. the measure of progress. it's where people meet people. where cultures and bonds are made between us. where we create things together. open each other's minds.

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it is time

it is time for the lightning round -- [ indiscernible and then the lightning round is over are you ready, skedaddy. susan. >> caller: hi, jim, thanks for taking my call i'm a member of the investment club, and normally i only go soft, i deviated about six weeks ago and bought weber hold or sell in >> weber was a company that came in a very exciting time in the market i would not sell it. because it makes money hasan in georgia, hasan. >> caller: cramer, how are you doing this afternoon >> having a good time. how about you? >> caller: doing all right my thoughts are, what do you think about magnolia oil and gas corporation? >> i think it's a good company steve was unbelievable, i like it anthony in texas, anthony.

>> caller: boo-yah from dallas, texas. >> how can i help? >> caller: hey, got a question $52 call spaces on -- [ inaudible >> it is [ no audio ] i can't hear it. what is the stock? oh, affirm yeah, down to 30 that's crazy look, i think it doesn't make money, but the ceo will figure something out. and that, ladies and gentlemen, is the conchoose of the lightning round. >> the lightning round is sponsored by -- coming up, what less on about the fed did cramer learn from barsan miguel let's taco about it, next.

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i swear, if i hear jay powell behind the curve one more time, i'm going to unleash my inner philadelphian and sock the guy in the kisser. sure, he's not perfect might be within too cautious about the omicron variant. if you look at what's happening in china, young understand why

he's not willing to take the chance my defense is the most visible inflation we have can be blamed or solved by the fed so many of powell's biggest critics are rich enough to have someone else shop with them, they're out of ruch with the real world what is the real world butter land of lakes now cost $9.99 a pound, up from $7 not that long ago. how did that happen? almost $3 price increase in organic butter was it covid and too of the workers that make butter got sick i want answers but whenever answer i get, it's just does not involve jay powell the fed is not going to bring the price of butter back down to $7 no matter what. powell may be a wizard, but he

can't make more cows last night, you may have read my wife is launching her own brand tomorrow night a law from the '30s keeps anyone from owning a liquor company and a bar in this country. so even though she owns a liquor business, i own the bar. so i met with my manager he wanted to talk about avocados because they were $16 a crate when he bought the restaurant, and now they're at $90 a huge number of dishes contain avocado. again, it's not jay powell's

fault. he did not create the price of avocados, and he can't do this and create more of them or bring the price down some price also stabilize if he moves as rapidly as i want him to next week but even if he had done that a few months ago, my garbage bill would not have gone from $300 to $400 a bill. every insurance bill couldn't jump 20% huge jumps but can jay force the big independent oil producers in texas to be so dismined and drill recklessly again that's the only way to make the price of crude go down butter, gasoline, avocado, these are the real world price increases that regular people have to deal with. so blame powell for some wage inflation and commodity inflation, just not for the most

obvious contributors, because these are all about supply change disruptions or geopolitics or frankly, who knows what all stuff that is clearly beyond jay powell's control i like to say there's always a bull market somewhere and i promise to try to find it just for you right here on "mad money. i'm jim cramer see you tomorrow "the news with shepard smith" starts now president biden runs the numbers. now will congress let ithappen i'm shepard smith, this is the news on cnbc >> the cost of this fight is not cheap. >> the president seeks $33 billion to defend ukraine. what the money will do plus, russia strikes kyiv just as the u.n. chief visits the city a covid shot for kids under 6. moderna asks the fda for the green light. >> safety profile in these kids is exactly what we would expect. >> the tough questions still ahead and the new timeline.