>> bonn wine. >> a buy a few weeks back. three times, hyg continue to be a sell other after that one. >> we're going watch that closely. finally, a one stat about cpi. three headline cpis have come in below expectations in the last two years. we'll see what happens tomorrow. thanks for watching "fast. my m 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 a special edition a west coast edition of "mad money. welcome to cramerica other people want to make friends. man i'm just trying to save you money. anion is to entertain and to teach you and try to put this

part in context because i know it is awful. call me at 800-743-cnbc or tweet me at jim cramer on a day light today, where the dow plunged 638 points s&p following 2% and nasdaq nose-dived 2.65% give us a reason why you're selling did you? did you borrow too much money and the margin butchers are boosting you out or do you want money back on redemption and make you just can't take it any more and that is why wrur you're selling the only reason they buy is to make money right now the former camp is a lot more powerful than the latter now after spending all week talking to very same kinds of companies that led this horrendous market down, i got some good news and some bad news ax axios was saying the average ceo

i've spoken to this week, when asked about plummeting stocks, they say simply why are you judging us on a quarter when we have such a positive long-term story. now that is a true statement but the problem is the owners aren't patient and if they keep buying on the way down, unless their super rich, they will run out of money. it is easy for millionaire ceo's to talk about thinking long-term. regular investors can't afford to wait for the business to turn, though in the end, people take losses personally or in many cases they don't take the loss because thaur hoping for the stock to make a comeback. unfortunately that rarely happens, people. and even if it does, it takes longer than you could stand. so what is the solution to this problem? i got to loose sleep about this every night. i wish i had an easy solution. but some days nothing works. days like today, where even the oils went down now we had themeless trade

some stocks were up, most were down but the winners almost totally random and arbitrary today what is going on i think we're in a period of the great readjustment where investors are trying to figure out what to pay for companies that aren't making that much money now. but may make a lot of money in the future at the same time, they try to revalue companies that are making money now but may make less money in the future because rates keep rising. then of course there are other consistent companies that could make good money no matter what but finding those are a treasure hunt game and there is not enough treasure out there and when you find it, the stocks are usually too expensive. for most of the last 12 years we haven't had to navigate this kind of river. we've had a straight run smooth run to higher and higher prices. it was plasted and seamless and it was sweet and its with easy. now we're plunging along and

we're glad we have helmets because people are falling out of the raft for dear life, and you need a helmet. like class 5 rapids, you don't know what is going to throw you. it is just not possible to see so i wap to dramatize for effect just one sector. i could have picked 20 of them i want to you take a look at stock block. that is the company formerly known as square. until recently the stock was a beautiful market darling that could do no wrong, including the purchase of a giant buy now and pay later company. and that was called after pay. that was announced $29 billion deal last august the purchase price was lower because it was an all stock deal and block collapsed. but at the time, it was announced and it was hailed as just a brilliant deal and the stock roared just on the possibility of an acquisition in that red pot buy now and pay later area so this thing went from $200 last june to above $280.

and as interest rate rise we're seeing the cracks in the credit he haddiveis buy now and pay later. because square itself was processing the transactions but buy now and pay later doesn't have that collateral the market turns on the fin tech stocks and the stock takes a beating. down $76 so much for a brillian acquisition. but i have bad news for you. nothing happened to block today. nothing. and it went down that much affirm, another buy now and pay later operation, we just had on the ceo, it seen the stock go from $168 at the peak to $21 and change, down another 9% today. not long ago, ceo max told us that his default rates is incredibly low and could repackage the loans and sell them with ease and the "wall street journal" reported that

3.7% of the loans are 30 days over due, up from 1.4% a year ago. that is freaking people out. for good reason. it is not different from the reassurance that max gave us but the market is saying, there is credit risk, get me the hell out of this thing. last fall we spoke to the ceo of paypal when he came to new york, the stock had fallen from the 180 down to the 130. and he seemed exasperated and stocks were doing so much better than him he claimed proudly that paypal was the big player in buy now and pay later and he got his wish but wall street now hates buy now and pay later. reason reason paypal has plunged another $100 since that interview. when you buy stocks of companies in a are expectative with no dividend protection and low interest rate environment you're going to keep getting blasted until the fed is finished

raising rates. probably not any time soon tightening cycle just started. the market is littered with stocks like this we have uber on today. stock has been cut in half in the last year. why? a year ago, on same metrics, this stock would have doubled and now it is cut in half. a year ago it was in style and now it is not. i think it will be the big winner in the group. but do you have enough money to get to that promised land where it wins? you have to if you're going too own to two of the companies out here that are hailed as huge success stories, airbnb and door dash, they plummeted 6.5 and 7% today respectively why? no reason at all they happen to be growth stocks with nothing to fall back. no dividends or buybacks, just a chance for some day in the future winning businesses but losing stocks

no one who owns these stocks seemed to care about the now it is much easier to believe that the bright future when you have a bright present, and we don't have that any more so what is the end game here as i said over and over again, you want to own real companies that turn a profit with relatively cheap stocks and good dividend buybacks. that group is held up much better it is losing money but held up i know there are some terrific tech companies that fit the parameters they're all down today but there are two differences. many of the those that i own for the cnbc investing club because of the dividend and lack of sensitivity, we know they're going to get through the other reason, they're mature companies that have gotten through recessions mbefore and come out the other side. they're seasoned many of the companies public in the last few years haven't seen anything like this and it shows. there is a huge problem. can i not tell you where the share price stops. i don't know

there seems to be no company acquiring most of the disappointing because they will look at the acquirer if interest rates go up, you could be fine. but do you want to own shares in a company that is hostage to the bond market at the beginning of a tightening cycle bottom line, there are hundreds, hundreds of stocks that fit the depiction of what i like but there are thousands, thousands of stocks that fit the depiction of what i don't like if you own the tangible stocks that i've been highlighting, you have the opportunity to buy more if you're stuck with the conceptual stocks that i've warned you away from you have a crisis. you know which i prefer. let's go to ryan in texas. ryan >> caller: jim, big fan, man thanks for taking my call. >> thank you thank you for calling in. >> caller: question about sentinel one i know you have -- on the show and they have crowd strike and you've talked to george a few

times, give me your take on sentinel ne, is it ever going to be a crowd strike. >> thank you for the question. sentinel one, it is a good company but it is up against crowd strike and palo alto networks those are great companies with a good plana plea of businesses. and that may be too tough right now. i know this is a tough day and i'm trying to be -- not fly off the handle but if you know if you have tangible stocks you have more weakness and more chance of getting that money back. go to the concept you'll stocks then you'll in trouble and i'm not sure when that ends. on "mad money," is innovation alive and well in the bay area i'm getting a read on e-commerce trends and transformative tech from a company in the know i have the ceo of adobe. then after announcing his partnership with waymo, i'm sitting down with the ceo of

ubeu uber, and splunk is on a mission to manage big data but could it manage all that wall street is throwing at tech that i'm describing so stay to cramer, coming to you from san francisco >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer, #madtweets send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com.

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after seven months of carnage, what do i do with the better one software stores like adobe. this-e commerce is a major player in the digitization game you but it is stan establish companies with real worries an right now the company is in the quiet period because it reports next thursday. but while we're out here in the bay area i wanted to check in with them. that is very good. it is good for the digitizers, even the pros. today we got a chance to speak to shantu, the sharm of adobe and look at this because this is one of those that does make something and it does produce great revenue, great earnings. >> i have to tell you, you're a breath of fresh air. people have been saying there is not much happening out here. you are a person of innovation

and creativive please give me courage that things will soon excite us. >> jim, it is great to be back on the show and great to be back in person. >> it is big. >> it is been a long time. and innovation is alive and well at adobe you are talk about so many different things that i'm sure we'll touch on what is happening with creativity and everybody still wanting to use different media types and devices to communicate their ideas. what is happening with people trying to power digital businesses and the metaverse and so there is just so much that is happening in tech. i think the sentiment has changed a little bit where, you know if the sentiment was all about the explosive tech businesses that were not necessarily profitable, i think it is changed a little bit to -- >> positive return. >> exactly >> well, look, tomorrow the cpi comes out.

but when i break out the components it is not real realistic, what is real is adobe and that is how people shop and i notice some good friends that i wish the federal reserve will look at and i have this right here >> well, i think what people don't recognize is first the fact that digital wasn't part of the consumer price index, i mean it is really crazy to think about how we were just measuring traditional as opposed to modern ways of people engaging and doing commerce if you look at the data, you have to say what is happening in the macro and what is happening as it relates to the secular trend in digital and we spend a billion dollars more in digital than the previous month. >> not the year. the month. >> exactly so nothing is going to change as it relates to people saying i want to do digit aal engagement and the multi-channel thing and then look at it and

say what is happening category by category. when you look at the total expense, in addition to the macro economic where there may be more concern, what is happening is seeing price decreases in elements like electronics or things that are lapping with games groceries is a little bit still inflation. but that trend is just going to continue >> deflationary. fed has to be thinking about this maybe because your index is so exacting and break down better than the cpi now another deflationary aspect, today is the first day that facebook is not facebook it is meta and i know that -- your hardship with meta and will you please help me, a lot of people think that i've drunk some sort of kool-aid i think i've come up with a deflationary way to shop and learn. >> i think you have to differentiate between what the terms are being used and are

people going to do more things virtually than they previously did physically and that is inevitable so whether it is called the metaverse, virtual environments, the reality is that more and more things that were done physical world, we're all going to engage in virtually and i think gaming was a great example of what happened when you talk about multi-player games and the world that has happened, it is clearly exploded and i think the same thing will happen if you're a small and medium business today, you have to have a physical presence in one of these virtual worlds if you're trying to do travel or entertainment or education, you have to look at potential of what you can do with 3d and i think adobe's role is saying it is hard creating those environments and where we are innovating a lot with meta and with other companies is saying if you're a large company, you better have a brand there and

better start to skexplore if you're coke or a company like nike what is your physical presence in these worlds. and if you're a small and media business, how you could do kpers and the commerce experience is far more compelling in the metaverse. so i think people might be caught up by what that term is but the relentless move so what is doing things virtually is not going to change. >> one of the things that you've taught me is look at eighth grader and the 10th grader, they're more comfortable than in a traditional mall and it is like bob dylan, but times are changing and someone like me has to realize that my view is not -- is not as relevant as it used to be versus the 8th graders or the 22-year-olds thinking about starting a business. they know adobe. they know they could do a business with adobe and it is remarkable i wish our viewers understood that the way people cre is on adobe but i'm lucky to have kids

who do it. >> it doesn't matter what industry you're in today, jim. i was with a ceo of a major automotive manufacturer this morning and he was talking about what it is going to talk to attra attract that next generation of customers and everything started with the phone and everything is going to be digital. so even in automotive, when you talk about the electrification of cars and the customer engagement so the eighth graders will wake up saying if everything is not digital and i'm not going to create and learn from that, i'm going to be behind so it is amazing and you see the kids and they just pick it up without any preconceived notions. >> well then how does someone as great -- how do people at home depot understand they need to alie with you to get to the next level. >> think adobe pioners what we're calling krcustomer experience management.

and finance was automated. nobody said why aren't you bringing technology to bear in the area of marketing and i think that is what adobe pioneered. in what home depot is saying, we're seeing this confluence of the physical and the virtual world. but we have to have this customer data platform that allows us engage with every customer in a personalized way so we're thrilled to be working with home depot, with nike, with verizon and with all of the financial institutions to make sha a reality. >> well you make our lives easier, because we are all on the go we're not -- we want to go to the big orange and you're the one who is the enabler i want people to know what is adobe is, the enabler of the next generation of e-commerce. thank you. the chairman and ceo of adobe. i've liked him, $66 is where i got on board i wish i had done $35 but you did that switch and i didn't understand it until you explained it to me "mad money" is back after the break. >> coming up, should is this

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uber down 60% from the highs last year because wall street has no parents for companies with no earnings even if they have good cash flow. but while lyft reported a truly ugly quarter uber had a much better set of numbers the next day more important, management will cut spending while aiming for more free cash flow which we like because wall street doesn't want to see it. barkleys said that uber could benefit from recession because it would relief the driver

shortage and make it impossible for smaller rivals to make money. maybe it is game, set, match so let's check in with dara khosrowshahi dara, welcome back to "mad money. >> it is great to be here. >> and you look good so i take my uber last night because i don't know anything else and i said, dara won but winning these days even in your excellent note that i wrote, and people talk about the freeze or whatever, you talk about winning. and i'm just not sure what winning is in a market where you also say that you -- that you have to entrust the shareholders and trust you and the shareholders want to you cut back i don't know tell me what to do as a business person what are you saying and what are you thinking >> it is a complicated world when there is a lot of uncertainty out there.

you can't win if you're one dimensional. and what we see, we think investors want a strong top line growth as the same time strong and expanding profit margins and free cash flow of growth and that is essentially what we think we could deliver when you look at our last quarter, top line grew by 39%. our adjusted ebidta improved by over $500 million. we guided to even improved ebidta of $240 and $270 million and we seed we're going to be free cash flow profitable this year and i think we could continue to deliver top line growth. we set targets of 2024 and gross boomings 22 to 25% and said generally free cash flow will trail ebidta by a billion dollars. which would suggest free cash flow of almost $2 a share if we hit those 2024 targets we think that will be a win.

>> i think you could do it. but then i say what were the great projects that you had. did you have other things in mind or is the goal to say we have to do this now, wall street has to we have to do it? because i know you as a big think guy. and i'm going to own trucking, maybe that costs too much. and maybe the market is not letting you do some creative things. >> well the good news is we have so many growth drivers we're able to pull back on the margin but we could keep pushing on the strategy so we'll pull bark on the marginal marketing dollar that doesn't have the return that we might want or an incentive dollar, we're tougher in terms of head counts growth. are we going to grow our u for b sales, absolutely. are we going to grow our sales head count at uber freight, absolutely but we're going to be more careful in terms of where we invest and because we're the

global player and we're diversified we could have both durable top and bottom line growth, i agree with that. but let me be devil's advocate people said do you know about uber one why? i'm in an uber every day i didn't know you had uber one that is just a -- now that i know, i'm signing up but that's not how it should be t taught and hear about. >> that is something i'll take to the uber one crew we're pretty young in terms of launch of uber one and the imagine ache of uber one is it gives you benefits in terms of delivery, similarly priced as our delivery compe competition but you get 5% off rides and that could save you a lot of money and what we're doing is we get people to use uber, get people to use uber eats and upsell uber one and so we'll get to you one of these

days eady gotten there. how much of your game is a waiting game in that we will have cars with no drivers, and i could imagine that the margins there could be extraordinary for you? >> i do think that when we think about driverless, we're very much excited about the future. and really the way i think about it, jim, is any driver who is safe in a vehicle, who is a great driver who provides a great customer service, we want them in our network. and whether they're human driver or a taxi cab or a driverless driver, and we want them in our network both in ride share and in delivery and in trucking as well so you mht have seen actually the announcement that we made with waymo, which is building driverless trucks and it is a deep technical integration, a buyer of a waymo truck essentially will have the software to be able to in an integrated way get that truck on to the uber freight brokerage network to be able to realize

value and money right away we think those are the kinds of win-win-wins that we see. >> i started in an industry that you're most lucrative if you get it done. now the goalpost did move. and it is a reality. >> it is a reality. >> but at same time, you didn't get in to be a cutter. you didn't be able to make it so young great ideas -- could it be fun for you. you could do whatever you want in life. why do this? >> we do it because of the impact that ube r issing on the world. we have 4.5 million erners and we've earned a million new drivers. the scale in which we operate and how important we are, talking about getting to the hotel and making your life easier and in terms of in where you want to go in your city and then empowering local merchants to have the relationship with you is powerful.

>> to me, you've gone -- a people have -- what i know is that if you're driver costs would come down, a recession would do that. your margins would expand and you might be the ultimate stock in the slowdown because people still want to doo things we know that and the consumer has money you think about that, the raising, the increase in supply of drivers is a great thing for you. >> we do think about that. we're not rooting for a recession. business is growing at really high rate and we're growing top and bottom line. sand what makes uber different, is we have mobility. so when markets reopen, the mobility business is absolutely booming as we're seeing now. we have delivery if it closes down, the livery business booms so we're an all weather company in those aspects and we are recession resistant in that we don't have big fixed cost and the costs of asupply adjusts up and down and in good economies cost goes up and that is great

because driver earnings are elevates in more economies, driver earnings come down but the alternatives are not as plentiful and fast, flexible work opportunities are welcome. >> and things are coming back. you're get something big lift in some cities. >> business is booming we talk about may gross bookings and trippings which is higher than april and more and more drivers are coming into our platform than ever we talked about april, number of new drivers sign-ups was up 10%. in may it is up 145% on a year on year basis. earnings are elevated and drivers are speaking with their feet on the pedal so to speak. >> but it shouldn't matter but we have a terrible market. now you bought drizzly and you own the market for delivery of liquor i know these laws. what is the return >> the return has been very

strong that team, they are the number one player in terms of being a pure play alcohol delivery to your home. we're looking at categories. fast and frequent, food and grocery, alcohol, pharmacy, alcohol is really high margin and i think in this market margins are even more important. the advertising business in alcohol is huge. and the stickiness that we see and by the way, we were talking about uber one, when you get discounts on your drizzly orders if you're a member. >> now i know what i have to do. let's talk about return on real investment what you're doing with ukraine because this is real investment. we both any know that. this is today's news and i think it is -- it gets more momentum going if you tell people what you're up to. >> absolutely. so this is an idea that came from our teams and engineers and et cetera. and we've been working with the u.n. food program and the u.n. food program needs to get food out in ukraine

but doesn't want to in big trucks et cetera that could be easily targeted so they want to get it out in cars and vans, et cetera and our amazing idea that our team had why don't we build a private label uber for the world u.n. food program this they on board their own vehicles and they have all of the access to the dispatch. they could see when vehicles are showing up and they use a pin system to identify the right vehicles and they're getting tons of food out and expanding hopefully into ukraine. >> clever way to save lives. sometimes you have to be clever. >> it is about impact. we want to have impact on the world. >> you're doing that that is dara and the ceo of uber small introduction, but everybody knows dara "mad money" is back after the break. thank you, sir >> coming up, among the junk turn to splunk does a recent revenue rally mean this company is bucking the sector's sour trends find out next.

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you know, software in this environment, just because they're tough to own now doesn't mean they will be tough to own forever. take splunk, the software company that brought in a new ceo, gary steele, of prove point. we always love gary and prove point. that was sold to a private equity firm last year. but splunk reported a clean quarter sending the stock up a quick $10 and up more than 20%

from the may lows. it is still down $20 from april. that is the way it is lately let's take a closer look with gary steele and the new president and ceo of splunk. welcome back to "mad money." >> it is great to be here. >> it is great to see new american i know you as a money maker. you own for proof point many times. what are the similarities of splunk and differences and how are you trying to remake splunk, because you were successful doing cybersecurity at prove point. >> yeah, one of the great sim lair ates is the customers so splunk has an amazing list of fortune 500 customers. second iis cyber problems in this day and age, super important. and splunk basically is the underpinning for all of those cyber teams. making if more critical than ever so i think those are really great elements and i'm excited about to bring a different point of view, potentially to what the

financials look like splunk has incredible opportunity for long-term durable growth but i think we could improve our profitability over time. >> doug merit, and i know he left the company but he was on multiple times i traced down a division where you had to go to a different model. and he was not able to complete the model. are you there now and is more lucrative than the way it used to be run? >> i think the transition, we're vastly through the transition. and that is simple we went from an on premise to a cloud environment and with that we changed our revenue model from being a perpetual license to being a subscription. so that is a normal transition and that is -- >> but it is predictable and loveable. >> and you have to get to the other side and we're vastly there. and so if you look at business today, in the most recent quarter, 57% of our business was cloud. and so we're really getting through that process and it really shows up in the strength in the financials today. >> okay. now here is a phrase that i need to understand.

observe ability becomes essential. what does that mean if you're a shareholder. how is that going to help the company? >> you know, it is really interesting, serve ability is a category of infrastructure to give insights to what your applications are doing and one of the things that we found if an application goes down, serving a customer,you need to know is that a security event, or does the application fail and you need to be able to respond quickly and either bring the application up or respond to a security event and the markets have converged and so what we've seen is while our strengths started in security, we're really extending that strength helping organizations run mission critical applications that drive resilience in the business. >> now there are other companies in that. and i have to believe that microsoft, which we used to talk about all of the time. >> we did. >> and they could say, i want to do what these guys do. coy wipe out splunk. it doesn't happen, though. >> no. splunk has some incredibly important differentators

technically. and some of those just mean you could get access to data wherever it resides to make business critical decisions and see with visibility and you could make sure that all of those applications are staying up and running and serving your customers. >> now, we were talking earlier with dara from uber and one of the things that i found interesting was that he talk ed about how the goalposts have changed. even if the times since you've taken over splunk. we now want you to make money now. but before we wanted your land to expand, and take business what do you do you were fortunate enough in that you had this gap year basically. but this new way of running a company is not a way to make the company the best >> no. but i think i've always believed in a balanced approach. >> okay. >> and because of the value that we're delivering to customers, combine that with increasing cash flows and operating margins over time and i think that balance, i think is value in

good times and bad times and whatever is in favor i think that balanced approach is important. >> you could give us a preview about dotcom for 22 because i believe there is going to be thousands of splunk customers there and i want to know what they might be hearing. >> so we're headed to dotcom i'm excited to spend our time with our customers and our splunkers so who rur-r our employees. we have some great product announcements ab partner announcements. really good and i think it just speaks to the momentum that the business has right now so super excited to be participating in that. >> is that the first time everyone is getting together. >> since the pandemic. so we'll have over 5,000 people in person and then we're going to be streaming live to more than 10,000. so the numbers are big >> one more question we learned how to live in the pandemic >> we did. >> do we like the new world where we're back

>> i think we like the new world where we're back i'm excited to be back. >> because a lot people, say i miss the old work, he's making me come back to work five days a week, but you're not. >> we're allowing our employees flexibility and we're embracing that excellent. i knew you would once again, thank you for all of the money you made for shareholders you win over and over again no matter what and it was great, great investment thank you very much. that is gary steele, the new president and ceo of splunk, a stock we like a lot. but when we talk about gary, we talk about all of the money we made in prove point. "mad money" is back after the break. >> thank you so much. >> stick around -- >> may i make a suggestion >> "the lightning round" is coming up next c'mon caleb, you got this! and if you don't, there are other options!

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lightning round is sponsored by td ameritrade. >> it is time. it is time for "the lightning round. and then the lightning round is over are you ready skee daddy to ryan in illinois? >> caller: jim, how is it going? >> couldn't be better. >> caller: i'm wondering about this company if i love for years if it is the next fast food chain. in 1963 and became publicly traded and expanding outside of the midwest and the place is always packed and the company is portillo ptlo. >> i know the story and the story is a great one that is a terrible business right now. we're going to have so save that one for later and lower. tony in ohio

tony >> caller: hi, jim i'm in cincinnati. >> holy cow, tell sara sara eisen, i think she lived there at some point. let's go. >> caller: okay. you have a great investor when you buy this stock it is 52-week high was $362 and it closed today at $300.80 brkb. >> do you know i've been recommending that stock since the week that the show began and it is been right the whole way and i reiterate that berkshire hathaway is for me lou in florida lou? >> caller: hey, jim, thanks for taking my call. >> you're welcome. >> >> caller: i've been trying a few days, you're harder to reach than the white house. >> no, i hang up on a lot people some people that want to get me a warranty will you tell them to stop calling me what's up. >> caller: i've been holding on to anheuser-busch for quite a while and it is been going south

since i bought it. i know the market is not real good now but did people stop drinking beer? >> no. the numbers go up. i've done a lot of work but i do prefer constellation they're a share taker from anheuser-busch but your right i've studied this for about 60 years and you're right to stick with the oidea let's go to richard in atlantic. >> from the atlanta braves. >> i was talking about the falcons. what is up. >> caller: focusing on energy, a company that operates about 50,000 miles of natural gas and natural gas liquid and crude oil and other petrochemical pipelines they have a 6.5% yield and the first quarter and generated record cash flow of about $1.8 billion which provided almost twice the coverage of its distribution

that stock is enterprise products partners. >> i love that company i love that. it is an amazing company i wish they would come on. they are so well run it is terrific continue to buy that one buy a lot of it. let's go to steve in new jersey. steve? >> caller: hey, jim, how are you doing? >> i'm doing well. how about you? >> caller: okay. the company i'm calling about should do well in the coming months and two directors made large buys could you tell me your opinion of six flags and end of payments. >> we're in an unusual time. where i just feel if you get bad weather like we have for scotts miracle grow for a month you'll get hurt so i'll have to say no and that, ladies and gentlemen, is the conclusion of "the lightning round. >> "the lightning round" is sponsored by td ameritrade >> coming up, a whole new meaning to the term left coast cramer takes on the impact of an

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i got some not so good news for the bay area but it happens to be great news for the rest of the country. we're about to experience a california dais poria, the likes of which we haven't seen since the dotcom companies are making plans to leave the region, or pitting up new facilities in anywhere about a 60 mile circumference around san francisco, it is the reverse of the grapes of wrath and will play in all sort of different ways that nobody is thinking about. you might think all i do when i'm out here is interview a bunch of executives and head back to the hotel room for the next show. no, what i love out here in san francisco and what missed during the pandemic is the ability to pull up some of the biggest and best, not on the air but off the air and find out what is going on let me tell you what they're talking about. first i never thought i would hear this againba there will be a round of layoffs in silicon valley that could rival 2001 business is weak not just freeze week, but fire

week today we learned that -- is letting go 50% of this employees. it is happening to every tech company that is involved with the consumer every enterprise software play where the end markets are softer so brace yourself. after years when there is worries about revenue growth, unless they start making money, then the stocks will collapse and it is difficult to attract new talent remember the industry loves to pay people with stock options but the stocks keep getting pulverized winning companies and losing stocks second many of the ceo's have it had with younger workers telling them what to do and whether and where they want to work. they're tired of the san francisco work force when they think is full of spoiled nit wits so they're hiring talented people and with more accountability to the ceo because they'll have fewer

options to jump ship pat gelsinger trying to create a heartland in ohio. he'll soon break down for a semiconductor manufacturing and focusing on commuter engineering and semiconductors and coalition of public and private collaborators is like nothing i've ever seen if washington could pass the chips act could bring in key semiconductor manufacturing back to the u.s. then intel will have all of the help it needs ohio will become the new hub of tech after the success of work from home, some ceo's are moving headquarters to cheaper environments because it doesn't make sense to pay up for office space in this san francisco metro area when people could work remotely. i heard atlanta, austin is in the mix and florida. why bother being in one of the most expensive states in the country when you could be in one

of the cheapest. and it is coming and with it lower expense structure and this is jim old school chill speaking, some gratitude, some gratitude for having a job at all. i like to say there is always a bull market somewhere and i promise to help you find it just for you right here on "mad money. i'm jim cramer and see yo one hour from now, the january 6th committee airs its findings i'm shepard smith, this is the news on cnbc laying out the facts of the worst attack on the capitol in 200 years. >> the witnesses will shock people the video that's never been seen before will shock people >> what we've learned about what to expect during live coverage on cnbc tonight. a new arrest in connection with the capitol riot. a republican candidate for michigan governor on charges related to his involvement who he is and what he's accused