weakening. this is an automation software solution. it has leverage that is a good opportunity. >> oldie but goodie, cbs. >> bank stocks. >> covered that today. thanks for watching "fast money." mad money" at the new york stock exchange starts right now. >> my mission is simple, to make you money. i am here to level the playing field for all investors. there is always about the markets and i promise to help you find it. "mad money" starts now. hi, i am kramer. coming to you from my new homebase at the new york stock exchange. i'm just trying to help you make some money.

my job is not just to entertain but educate and teach, so call me. folks, here we are, the nearest stock exchange. it is dazzling. i love it. let me tell you point blank, we are not changing the thing around here. getting nothing changed with the substance. we just had through new tools to help us tell stories better for you. consider it a more accessible beautiful classroom. thanks to all of the myriad of people that made it work. thanks to mark, the chairman of cpc. thanks to regina gilligan. thanks to our head writer and only writer who has been with us since the beginning. now let's talk stocks. things were looking good until we saw apple slowing the pace

of hiring. the dell sinking 650 points. the nasdaq moving .81%. what kind of hiring think that apple is doing. wall street is desperate to see less hiring. it means that the fed is winning it's fight against inflation. part of this pullback is because we had huge gains on friday and we were due for some weakness. in this environment, it is always going to be fragile on the upside, easy on the downside. the bears have got the upper hand. keep in mind, you should never buy this. this is a fool's game unless you await for weakness before you ever pull the trigger. if you're thinking about buying something that is about support, why not wait until you hear what they have to say. look at what happened to ibm, one of the best performing stocks in the dow.

it got completely nailed. you rolled the dice because it is not friendly to blind dice roll. make a mistake, before the apple chatter, today was good, make that great and then suddenly ugly, all the way to the close. goldman sachs reported great numbers that came out of nowhere. i was blown away. all divisions are doing well, especially trading. goldman is a great stock with the great yield and i would say by. following on the heels of city. wells fargo, thank you for doing a good job. morgan stanley, they have a tremendous leadership group in this market. bank of america reported a good set of numbers. i think the internals were terrific and i've got to tell you that the leverage of the

fed raising rates is perfect. this is 1 billion bucks of three quarters of a point. with all of that good and somewhat when it comes to apple, bad news out of the way, let's go to our game plan for the rest of the week. this is what i'm talking about with this new set. i even look thinner. well, they have me wearing some sort of girdle that makes me look thinner. tomorrow morning we will see a new transition quarter from johnson & johnson. this company is breaking itself up into a slower growth in consumer product and a higher growth in medical business. i expect good numbers even in the interim. by the way, the call cohort guy annihilated. got annihilated. that is why we are in it. you will follow along by joining the cnbc investment club. we also hear from halliburton. their earnings are soaring yet

the stock has been crushed. it is down eight straight points. it is time to recognize that the earnings could be huge for halliburton, not tomorrow but for years to come. on tuesday there is lockheed martin. this should be the moment in the sun. why? the west is rearming but the stock peaked 70 points. there was some very big sellers all day. did they know something? we will find out. at the close we hear from me: star, nestle. their last quarter was -- i struggle for a word, incoherent. microsoft was at supported track. for the longest time, netflix told us that there was plenty of growth in streaming. now the growth seems to be evaporating. wednesday we get the results from abbott labs.

this is one of the most erratic companies because of the volatile covid testing business. that will run out someday but in the interim it is terrific. how often did you test this weekend? this is not a business that might not be around 12 months and that is probably what is going to happen. this is closing most important part of the weekend, that is tesla. the experts work all over the place. there were cell ratings, buy ratings. there were jokes about how funny it is to burn money, put it in the chimney, a furnace. if they can exceed the lowest estimate, the stock goes higher. we start with att thursday which usually puts up good number but not better than that. then we have two good reads on the war against inflation. we have freeport mackin moran

and dowell, the chemical company. they can tell us a great deal about the situation. and dowell. the rails and the homebuilders. my favorite railroad reports thursday morning and i'm worried about a deceleration. the same goes for dr horton. listen to the call for cancellations. home deals aren't closing. soaring mortgage rates tend to do that. we have the one stock as far as this whole social media meltdown, snap. this has been clubbed in the last quarter and it has been down in the dumps ever since. it consistently beats the numbers. there is the opposite, boston beer, the parent of sam adams. i expect a declining number. i would much rather own constellation.

these are better set of brands. we will compare quarters when we review boston beer the next day. here we go, friday is incredibly inconsequential. that is wrong this time. i think it will do quite well. all of the small business in consumer spending not to mention travel to europe because of the strong dollar. we also have verizon. the last quarter was widely panned. if you want wireless still with some gross, that is t-mobile. schlumberger reports in the morning. they will report a very good number, like halliburton. you don't want to put your back on that. it is my 18th year. this is international, this is

when we are downtown. represents the best international. i wonder how much time they will spend talking about it to acquire long-term us. twitter is trying to get him to buy the company. he has to fulfill his out of the contract. i found his whole defense pretty flimsy. you should force them or give him so much that he might as well buy it. we will discuss the biggest winners since we started the show 17 years ago and david solomon, the ceo of goldman sachs. then, one of my favorite people in the world. billionaire, philanthropist, and who represents the best interest of this hallowed ground, can land own.

this is the standard gateway into business. stay tuned. let's start with someone from my home state of pennsylvania. let's start with ron. >> hello. >> i am an investing club member and i love the new clubhouse on the new york stock exchange floor. >> thank you so much. >> i am calling about a company that i am not only a stockholder of and a recent customer. i was diagnosed with prostate cancer and scheduled for a radical -- using the robotic system. the surgery recovery went well and now i am in complete remission. unfortunately, i cannot say --

>> was talk about intuitive surgical. this is one of the hardest cohorts there is which is the medical device cohort. i expect an good quarter but the last quarter was good and no one cared. my take is, it is a decent long term story. new set, same mission. we have got a lot of stuff going on this week. check it out but how about today? we are coming from our new home. i think it looks different. and we are talking to billionaire ken langone to get his take on everything going on in the market and in life. when we started this show, the market look a lot different. we are tracking the best performers since "mad money" inception. we will learn more about what

drove the strength with the company ceo. stay with cramer .

i had no idea it was that easy to diversify my portfolio! ♪♪ go to investor.gov today to learn about diversification and other valuable investment information. before you invest, investor.gov.

we got a chance to talk shop with someone who has seen it all. ken langone the, the battered chairman and ceo. you know him best as the cofounder of home depot or the chief benefactor of the nyu

trend eight hospital system as well as so many different charities that you don't even know about. we have a chance to catch up with them your at the new york stock exchange. i am honored that you are my first guest. this is where we live. >> this is capitalism. >> i wanted you to talk about the constructive nature of capitalism. it is the greatest force that we have. >> i agree. not only us, the world has. capitalism rings about the opportunity for a better life for everybody. if you look at industry today, if you look at the opportunities for people to go to work, provide for their families. the thing i like to brag about the most about home depot, we have 3000 kids that started working for us in our parking lots.

today they are multimillionaires. 18 years old they came to work with us, no college, no training, no nothing. hard work, passion on their part. opportunity for most of them. my father was a plumber, my mother worked in the school cafeteria. where else in america under a capitalist system would i be able to be with one of the most noteworthy journalists in the country here in the harbor of capitalism? >> i'm going to pivot a little bit because you have created something that people don't realize. you have created and why and why you langone . you made it the best. what i need to know, for people trying to figure out how to fix the company, trying to judge a company, i think what you did at that hospital is every bit

of what we should be looking for and a private company. how did you do it? >> i applied the principles i applied to business today. a great leader, and manager. bob grossman, the best. here is the keys to the place, get the job done. then you do what you need to do to get people motivated. right down to the newest employee, with the most basic of jobs. you let them know they matter, you let them know that they can make a difference. the same principles we have at home depot, we had at nyu langone health. the business staff people, but culinary care people, doctors, nurses, pediatrician, patient care -- everybody matters. everybody has a purpose. i will give you one story, we had a patient that had a heart transplant. he could not sleep because he was worried about having a

different heart. a building service fellow went to clean out his bath. he saw the patient was awake and he said, how are you doing? the guy said, i am worried, i have a new heart. that fella sat with him for 30 minutes. the next day, the patient was transferred from intensive care to a general room. the building service fellow went to see him every night. the man wrote me a letter telling me that the care he got from the building service associate was as important to him as the surgeon that did the transplant. everybody matters, everybody can make a difference. >> everybody matters. a lot of people look at the street and think that somehow we -- someone

who has been successful, think that nobody matters. everybody matters. how have we failed to get that across? >> if you are my competitor, i hope you don't know it. if you can't get everybody engaged in the mission, if you can't get everybody to believe that they can make a difference, not only can they make a difference but they are the difference. if you can let them know the three most powerful things, a kind word, a thoughtful gesture, a passion and enthusiasm for everything you are doing. last week, we were the number one hospital in new york, number three in america. >> it is incredible. >> we are the number one neurological service in america and the number one neurosurgery

program in america. those are big things. how did we do it? reach out to get the best people. who are the best people? people with passion, commitment, dedication. obviously, they have got to be talented as well. when you get them with all of those characteristics, turn them loose, let them go and stay on the sideline and cheer them on. >> are we going to be able to get those people in government? you have been constructive about some of the things that are happening in the country. early on you were talking about the federal reserve. you know that he is doing his best. we need to have the same attitude in government that you talk about both in charity, a hospital, and in business. the one end of our country that doesn't seem to exhibit these is government. >> unfortunately, politics has infected everything we do. >> yes. >> the federal reserve's position should be prepare for the worst and hope for the best. last year, jim, we lost a whole

year on this inflation five. we lost a whole year. you will get your tapes from when i was on. you said it was not transitory. >> it is much more serious than we realize. those people had more information than i did. they had to see what i saw and i'm afraid that that decision was driven by political considerations, not economic considerations. i'm sorry, the fed last year, in my opinion, lost a good part of the credibility by not being more aggressive. >> you would tell people, look, inflation erodes the working person. you will do okay. it is about the person who is not able to make -- you know what levels of inflation -- >> inflation is the most severe of regressive taxes. a pound of chopped meat to me in the context of my net worth is nothing. a pound of chopped meat to some

guy started as a clerk, that is a big percentage of his income. the bottom line is let's do what is right, let's not do what is politically correct. that is my problem with government today. across all parties, i am passionately committed to joe manchin. he has shown that he thinks that america deserves preference over politics. can you imagine what inflation would be if bbv had gone through? >> we would be as some of the best governments in the world. >> they would be like colombia, venezuela. >> that is when the middle class is destroyed. who would get hurt the most would be little people. >> we've got to stop now.

this is a big deal for me. >> it is a big deal for me. congratulations. you've got this well-deserved recognition and promotion. i like the fact that you wear a necktie. i put one on every day. today, the american flag. these cufflinks were given to me by grasso when i joined the board of the new york stock exchange 25 years ago. >> we are proud. >> don't ever bet against america. >> ever. let's leave it at that. ken langone , chairman and ceo of so many things. home depot, "mad money." . >> what a long mad journey it has been since cramer began his quest for the next bull market. a look back at the biggest winners of the "mad money" era next

>> as sad as i am to shoot at a new set, this is maybe not the best moment to make the move. this asset class is maybe the most hated since the collapse. the dow jones industrial average is down more than 14%. the s&p down nearly 20%. the tech heavy nasdaq is down 27%. today exemplifies this market, a great opening then a total thrashing. to put it diplomatically, this is a discouraged market. i cannot keep up with the whole asset class where for 2 years it felt like stocks only went higher. the last eight months have been a nightmare.

it crushes optimism, makes you wonder why bother with the market? why not just circle back later? all good questions. tonight's milestone gives us an opportunity to get away from the daily grind and some ideas that can work in this environment. i've been this at more than 17 years with the show. when we started, people bet on how long it would take for me to keel over from a heart attack. somehow i am still here. some legitimacy things to the new york stock exchange. 17 years of on your to say nothing of my 40+ years in the industry, i have seen a lot of ugly markets like this one. from 2007 to 2009, it was much worse than now. the collapse of several pranks nearly brought down the entire economy. around dow 10,000, that helped

you sidestep a massive decline in march of 2009, i get a lot of hate mail for that. i would do it again. let's say that if you listened. i expected a 40% decline. it only matters if you got back in the lows. they missed out on one of the greatest bull markets in history and those of the people that disliked my call. forget the financial crisis, we are with a garden-variety fed slow down. they want a recession if necessary. europe was struggling with it's own sovereign debt crisis. it is actually more like some of the other big selloffs in between except inflation will keep the feds raising. the s&p 500 plunged 20% peak to trough. a straight line on those. that is kind of in line with what we experience. in the 17 years we have been

doing this show, stocks are still up. even with this year's pullback, the dow jones industrial average is up 188% with a return if you consider dividends. the s&p is up. the dog eat dog nasdaq composite, that is a whopping 454%. 558%, a lot better than t-bone. those are tremendous gains. these are precisely the reason why we fight so hard to keep people interested in the market during difficult markets. there is an entertainment component. anyone who gives up will likely miss out on some long-term gains. those gains are gettable. i want to highlight the best performers since "mad money"

went on the air in 2005. there are some of the stocks that have bucked the whole trend. they were easy to anticipate. the best performers since 2005, amazing given how much pain and has caused, is netflix. it reports tomorrow. it is up 13,600. that is after plunging from $700 last november to $191 today. this was an obvious winner when the company went all in streaming. the business that dominated for over a decade. now, apple, the second best performer up 10,106%. we told you to own the stock, trade it, i was recommending it on the strength of the ipod and then they came up with the iphone and the rest is history. now everyone hates it. what it bunch of clowns they

are. number three is regeneron. this is up an amazing 1173%. this one is gettable. the ceo was one of my first guests. i told you to buy it at five dollars. thanks to the macular degeneration drugs, macular degeneration drugs, it is now up 586%. i want people to realize that when you see a guest on our show , don't feel like it is just idle. i think this is a good return. how about monster beverage? this is up 8275%. this was a juice company. it helped create the energy drink category. they got a fast swaths of the population addicted to this.

it has beaten out it's competitors. booking holdings is the de facto travel agent if anyone wants to go anywhere. it doesn't take a genius to get behind priceline. sixth, "mad money", up 7869%. i think it is got real mojo. semiconductors can roughly double. the ceo figured out that you can do things faster and better and his chips are now essential to gaming. machine learning, high performance computing. i named the dog after nvidia for heaven sake. you might want to went to the end of the quarter. how about amazon? obvious. you use it every day.

6475%. we knew that they were taking over the retail world the 2005 but they have also taken over the cloud structure space. number eight, a little bit more obscure. these guys make gene sequencing equipment. this is essentially an arms dealer to the biotech industry. there was nothing hidden about the rise of biotech in 2005. power systems up 474%. it had a lot of exposure to modern cars. they are in short supply. finally wanda that i don't know a soul who god and everyone had to google it which is number 10. it allows cities and towns to go digital. it is up 4658%. even as the stocks fall. here's the bottom line, looking

back on the last 17 years, there were a ton of huge obvious winners as long as you had the guts to stick with the market. some obscure ones like tyler tech required lots of curiosity. you remember to bring the register on the way out. pigs eventually get slaughtered. let's go to chris. >> jimmy choo, these are digs in the yard. congratulations on your move. >> thank you, i am watching the time. what's up? >> i am on salesforce and with the lack of clarity, the macroeconomic environment, shouldn't i wait two more quarters before i add to my salesforce position?

>> salesforce is about 20 times earnings. it has a lot of overseas exposure. they have been so strong that we have to wait until august that people realize that the dollar is too strong. you will regret that you didn't buy it now. there was tons of huge winners as long as you have the guts to stick with the market and not flip out. a lot of you attacked me on twitter. more "mad money." including with the ceo of my alma mater, goldman sachs. we are kicking off our new home at the new york stock exchange. the monumental day this means for us. we will have robert fire in tonight's edition of the lightning round. stay with cramer.

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>> this morning we got a surprisingly good quarter for my old alma mater, goldman sachs. this was supposed to be a rough environment for the investment banks. i think that the stock is incredibly enticing at this level. don't take it to me. we got a chance to speak with david solomon, the chairman and ceo of goldman sachs. >> eight time of tremendous market turmoil, goldman sachs has an unbelievable quarter. explain the pieces that made that happen. >> i want to congratulate you

on the move of your show to the stock exchange, which is super exciting. i wish i could be there with you in person but unfortunately i am not in new york this evening. a big congrats to you. >> you are very kind. >> it is a complicated and uncertain time. there is a lot of uncertainty in the macroenvironment but we have been working on the evolution of goldman sachs. strengthening our existing core businesses, our investment banking franchise. making sure that we are extremely client centric. we continue to invest and expand in other areas where we are bringing in more of the income. that is broadening the scope of the firm and making us more resilient. while this was a challenging environment, i think that our performance was strong considering the macroenvironment. >> one thing you stressed when

we were at your office in february, you talked about being the trusted advisor and you are not getting enough credit for that. it seems that when in the markets whether it was good volatility or bad volatility, the volatility with goldman sachs. the trusted advisor deserves a higher pd. >> our business has always been about serving our clients and one of the things that leadership team has been trying to do is amplify that message throughout the organization and make sure that the whole organization is focused on the highest level of client servic , taking a long-term view. when you do that, you do that consistently. you invest in those client relationships. i think that good things happen and you gain market share. people want to work with you because they trust you. we continue to be focused on

our clients and i think it is pain dividends. >> a lot of people felt that goldman cannot adjust if certain businesses did make a lot of money. you would have a lot of dead weight. your expense headcount was extraordinary and it is something that could be long lasting but also demonstrable. >> people are really important to our business, they are important to the ecosystem of goldman sachs. we are incredibly privileged position where there is a tremendous amount of interest in working at the firm. right around today we have got about 3500 undergraduate starting a career at the firm. they are chosen from over 300,000 applications. we are always looking to add talent to the firm. the same point, we will manage the growth of that going forward a little bit more cautiously given the macroeconomic environment. we have been investing in their

businesses. >> i started right down the block and always felt it was the hardest job in the world to get. there was a period where facebook and google was able to get people. they are not hiring anymore. goldman really never lost it. you are getting the cream of the crop. the people who are going to be customers, they are going to find the best. that is the way i remember goldman. >> we are focused on that. it is a constant for us. we've got to be attracting supersmart and motivated young people into our organization. some of them stay and build their careers but others go and do interesting things in the world. this is part of being successful as we move forward in serving our clients. >> the diaspora is strong. we've got to give a nod to lloyd blank find because the trading exceeded those of all

of their firms, made you a lot of money and while consumer is great, we certainly got to give a nod to a division that has made a ton of money for you which is trading. >> the trading business has been part of the firm and it will always be core to the firm. what i am excited about and feel great about is the leadership group in that division has really invested over the last four years on our client relationships that have a very targeted program at looking at the 100 most important clients not business and making sure that our market share, our wallet share is a positive trajectory. we have had real strides in the context of our wallet share with those clients which really are the most significant institutions we deal with in our market business. that top 100 is important.

we have been committed in this business. this is one of the great things that lloyd did. we will continue to make sure we are in a position to serve our clients across all markets. >> absent from the caller divisions i'm looking at. markets where you get a great rate and then apple, they did not pick you for the buy now pay later. these are the issues necessary to forget expansion. are they not part of the mosaic as before? >> they are equally part of the mosaic. i got a question on the earnings call about the growth of the consumer business and our commitment to it. our revenues in the consumer business i think were viewed

positively. over the last five years we have built this business from scratch. we have started with deposits, and then loans, and then the credit card platform which i think is a superset apology platform. we have set out a relative target of $4 billion in this business by 2024. when we set that target, we counted that the investment in the products that are necessary to meet that is basically on the ground. we are making good progress and we will continue to make progress and focus on building what we think is a really excellent digital platform. we are pleased with the progress we are making. this >> are the customers interested in crypto or other aspects that would not be part of the goldman that i worked at? >> there are certainly eople interested in those things but we are trying in a simple transparent way to put forward terrific banking products, investment products, wealth

products that are simple, straightforward, integrated to make everyone's financial experience and wellness more stable. the esoteric stuff, the more complex stuff is left to other niche players. what we are doing is the stuff that people want. they want a good credit card, you want to get it paid easily. they want to get something very quickly on a phone. that is an example of what we're trying to do and how we are trying to lead in that space. >> i was taken aback when you said that inflation was deeply entrenched. more than 1.75 basis points. maybe even two. would they go as high as four? >> i think what i was trying to say is that the devotion of your if i talk to ceos in that big

global supply chain, they're not seen it level off yet. certainly we will see titan or monetary tighter monetary conditions. we are trying to be nimble and in a position to support our clients as they navigate a period of tighter monetary conditions. >> if it gets rocky and rough, that is when goldman takes seeds. david solomon, thank you for coming . >> i am delighted to be with you, wish we could be with you in person or over the states really can do that sometime soon. soon. >> thank you how's he still playin'? asreme arthritis. full prescription-strength. reduces inflammation.

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>> it is time for the lightning round. and then the light round is over, are you ready? ross in connecticut. >> how are you, thanks for taking my call. >> what's going on? >> i would like to get your opinion on eversource energy stocks. >> it doesn't yield enough for me. i spoke with people from duke. i think it is a better situation. i'm going to richard in florida. >> how are you doing? >> i'm doing well. >> well, thank you. i am looking at the stock --

>> that is the ultimate speculative stock. it is eight dollars. i don't like that. >> paul in texas. >> is my stock a buy? >> no, it is a fertilizer stock. >> and that is the conclusion of the lightning round. >> the lightning round is sponsored by td ameritrade. coming up, it is day one of a new era. trend cramer renews his promise to help you take control of the financial future.

>> three buildings from here you will see where i first interviewed for goldman sachs. it is where i fell in love with the street, wall street. that is why i make so excited and why i am so excited and thankful to the new york suckers change from readiness film here. we use to act like we only cared about one thing, making money. it was a little bit more

complicated. my mother was treated for kidney cancer. my boss came to see me and he heard about my mom. he knew she did not have long to live. he said, go home and spend some time. i thanked him for letting me having a couple of days off. he said i was to go home and make her happy for the rest for time on earth and so i did. what has changed about this place, it has been more inclusive, more open-minded, and more concerned about the environment. doesn't matter how much money we make, if everything is below sea level. like the way my friend ken langone , it is the way that people can do good and do well at the same time. this is a great time for our team at "mad money" and our network. we are able to see and talk to more people. we can talk about ideas,

earnings, leadership. i hope it will lead to a better show for you. i worked as diligently as i could. it has been 17 years but i know this, you are the customer. you watching me, you are the client. the venue may have changed but inini i ththk it has starts now >> no leadership, no coordination the white house calls it devastating and unacceptable i'm shepard smith. this is the news on cnbc >> new video of the uvalde school massacre. >> we have to get in there >> what the police body cam reveals. >> get the kids out of here. >> and the uvalde community meeting tonight, as victims wait for answers. >> another deadly mass shooting at a mall in indiana >> i grieve for these senseless killings >> the victims, the shooter, and the bystander who gunned