>> karen? >> i like it down and i like it on its ay up. >> for microsoft, despite the run-up. >> guy, take us home. >> i will take the courtney reagan my mission is simple. to make you money. i am leveling the playing field for all investors. i am kramer. my job is not just to entertain but to dedicate teams.

this market has become proverbial. that is how we value it so hard earlier this week. today was the date on the surface. there is a lot going on underneath we need to talk about. for the most part things are going very well in the country. right at this moment. i want to take it further. right now there are tons of places. things are very good. they can stand up under close

bed scrutiny. they do not want anyone getting hammered. let me give you classy examples. home prices were soaring in this country. the housing market was wasted. mortgage rates shot up, as they should. things get too hot and then the buyers disappear. out of nowhere the housing just got annihilated. the housing market is starting to sober up. as long as housing prices don't skyrocket again you can get a way with it. just as long as you don't let them drop.

the oil is down big. you can buy all sorts of stocks that benefit from cheaper fuel. this is a place that was so scorned three weeks ago. i think 120 without getting hammered. why not? if you get into the real felt woods. yesterday md reported.

what happens? same md as yesterday. yesterday was the operation. today made sense. we are going into a recession. you are supposed to sell. we know that. it boils down to price and grains are down in price. metals are down in price. plastic and paper is down in price. how can you not circled back to some that have reported simple numbers?

lower rates means it's cheaper. out of nowhere a stock that was sold nine ways till sunday and commodity prices were going up it is now a screaming buy. i say go for it. perhaps to as high as $18. do not get hammered at 20. doordash worked hard to get

their earnings. which is why they stopped short. i think the officials that warned that we need and less rate hikes -- they are behind the curve. they made real progress. they keep ignoring their own progress. we are enjoying one of the most monumental collapses i have seen in 40 years of trading. everybody talks about it. it does not fit their preferred narrative of one or runaway pricing. i think there is a nexus.

it makes us feel like any positive news on the inflation front is meaningless. what do the feds want us to do? what do they want from us? do they want the stark market daschle we hide in our homes like we did during the worst phase of covid? if we get a strong employment number tomorrow it is awful. it means the economy is getting hammered in the feds need to take away the punch bowl.

some of that is legitimate science. we don't have the labor force to support the whole package. i'm not some politician. when we had 10% unemployment i came out here every night demanding more stimulus spending. the economy is overheated. government spending will have to raise interest rates even more. congress is trying to get it at the moment. we can only afford to get buzzed. you will hear the feds warned they need to take interest rates to four or even higher. follow it while you can. these guys will not shut up.

congress can't stop spending. they are behind the fair market in 2022 and not the companies. certainly not you. allen, in pennsylvania? >> it's good to see you again. >> what's going on? >> i need your help. i'm down about 20% on text docs this year. i want to check if you would be a buyer a marble? >> i just said at our meeting today, that marbella technology, we agreed that as a trigger one to buy. can we go to tad and north carolina? >> this is tad.

>> she knows i have a show now. i want her to watch it. >> you are a huge help in my investing? thank you so much. this morning another great earnings report. which they typically do. they typically die conservatively. get your thoughts on that company and the deep down sector. >> it is a very crowded sector in the market. let's remember it was a good quarter. there are too many companies in the sector for me to get excited about. now we will go to thomas in new york. >> hello jim, i love your show. long time no see.

>> i will ask you, with 6% increase i am wondering if it's time >> this was a good quarter. if anything i would be a buyer and not a seller of so five. is now a good time to take a look?

have you missed it? i'm talking ceo. i am learning more about the company. incoming and out coming ceos. this week continue to deliver for shareholders? stay with kramer. >> don't miss a second of mad money. have a question, tweet kramer. # matwt.d ee or give us a call at one 800 743 cnbc. had mad money.

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what we do with the textbook with recession fears? even as underlying companies are still printing money. the commodity -- back in 2015. they make the basic building blocks. inflation is great for them.

it doesn't seem like anybody cared because wall street is all about the recession and the economy will collapse or at least slow down too much. it will be a great investment if we have mild recession. welcome mr. newman. >> thanks for having me jim. >> a lot of people know -- give our audience a 101 so they know what you are about. >> we had three industry leading businesses. we will paint laminate's. we are into thermal management. we are into advanced materials. if you have a cell phone in your pocket you have some of our parliament. this room is cool because of our refrigerants and their is paint on the wall.

these things are on short supply. tell me why pigment, there are times there are not enough of it. >> it is tied to global macro. 70% of our pigment business is on long-term contracts. we have gotten away from the rise and fall in the gyrations that are associated with a huge price when demand softens. >> are two other businesses or thermal solutions. they are in a long-term cycle of trend. refrigeration is growing globally. we are gaining share of the market as the transition happens to more sustainable

refrigerant. we have significant ip and installed capacity. last week we announced a 40% increase in our corporis crispy christie plant. >> it is legislation in congress. if anyone is doing energy efficient cooling they will get the benefit of colors. you are designing very similar products. >> we love to focus on climate and on energy efficiency. our refrigerants focus on and will be more sustainable. less greenhouse gas impact as well as being more energy- efficient. we are also involved in hydrogen and electric eco-'s. we are tied to very significant secular growth trends. >> one that has kept me from being more bullish is your exposure to toxic issues.

i saw what happened with 3m. a company my guy worked for. they had groundwater problems. it knocked off about a quarter of the value of good company 3m. do i have to worry about that? >> there are three things i tell investors almost in every earnings goal. one of my top priorities is to resolve all legacy claims. we have a framework to resolve. things that were even working before. the second thing is we are investing millions of dollars on best of class technology. we have made a commitment to reduce floor organic compounds. by 19.9% by 2030. we are making this investment

next week. we will publish our corporate responsibility report. we have made significant progress since 2018. the third thing i would tell you is we are generating a lot of free cash flow. this will be our third year in over half 1 billion in free cash flow. >> we can resolve the legacy claims consistent. making investments in sustainability. the secular growth we talked about. and returning free cash flow to our investments. >> that's all we ever want from companies. that is insane. i had to read about the toxic issues we talked about. just the core business is on fire.

it matters to our viewers and to us too. do the work. >> coming up, give me and ask, give me a p. kramer has the answer next.

earlier this year they sold their business. in the end it will be in north america. it allows multiple shippers to save space. that is the most attractive business. in a world right now where the freight rates are headed in the wrong direction. management is raising their earnings report.

the president -- sometime in the fourth quarter. it's a complicated story with a lot of moving parts. we have brad, you have been so great. >> i will still be the executive chairman. there is no better person to do it than mario. he has been cio. he is the customer officer. >> tell me how the business is running right now? >> is that true?

>> we came up with a strategy with more capacity for the business. dual there. we had 130 locations where we can graduate our own drivers. >> i was told nobody, that was the end of the profession. >> job applications are up 44% on a year-over-year basis. >> there is nobody in inflation is out of control. that is too positive what you just said.

>> if you look at the number of people who apply for a job, there is a flipside to the economy slowing down in the job market opening up. you have seen some of these labor issues. >> perhaps we shouldn't be putting hate on if the issue is we don't need to have a recession. maybe wages will not skyrocket. >> inflation is still there. it is moderated for where it was. we have companies and specific levers to push. you mentioned some in the intro. we're gonna take those proceeds and we will continue to deleverage. we were at 2.7 times leverage six months ago. we saw europe and we get the cash and pay more debt down and suddenly we are investing.

>> that would be remarkable and quick. one of the things i grew up in a house where they would be up and down. there are puppies that have gone broke. they had too much debt. >> it is a fantastic industry. you have to have terminals and trucks and drivers. you have to be able to move the trade. we operate the business that is growing fast. we had record revenue. it's a very strong business.

as a business we have 38% auto it. it is significantly higher. >> one of the things is i loved when he rolled up companies, you out of the right thing. logistic and brokerage to trucking. we spoke to malcolm this week. is it the end of an era that perhaps it did not produce the stock worth even though the earnings worth were produced? >> we did something right right there. >> you have been on the right

side of that. looking for opportunities to see what the best way to create the next mega value. we will spin off our best in class. >> i have done a lot of work on this. that will create value. i was paying attention to everything. >> is everybody worried about a recession and a federal reserv ? people who are holding back and afraid to order. >> we got mixed feedback from

customers. there are a lot of customers and they could could not get enough supply in the supply chain. that eases up. generally we are seeing more demand. we have a lot of company specific initiatives. >> i have been with you brad. i hope you are not a stranger. from the day you came on. i hope you and i know. we stopped that decline. that was cowardice on the part of a short seller. and we got the last laugh. as you promised me we would. mario is the incoming ceo.

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look at walmart, they got crushed. >> it is called federal reality investment trust.

140 105 today. business is better than i seen in a long time. it was better than expected. don't take it from me the ceo just ring the closing bell at the new york stock exchange. >> how has an investor done every time the yields have gotten a 401? >> that is a great thing that

came out of covid. we are social creatures. we like to be out there and eat out. we like to shop and do that kind of stuff. the bottom line now when you sit and say what is the economy going to be over the next couple of years? consumers have to have money to consume. i want to throw something by you. within three miles, on average we have 175,000 people. 68,000 holes house households. over $10 million of spending money. there's no one else i can say that. what is it gonna be like? i don't know. >> i keep thinking whether we go back to work or we work from

home, i would like an apartment and to work from home where i'm surrounded by all the amenities i want. those places we have a pretty darn significant residential component. there is a premium rent at those places. people want to be where they can go downstairs for a nice selection of food and service et cetera. to me coming out of covid, that ability improves your life. it's right down the middle of the plate. >> 98% occupancy.

for retail just a gigantic boost in one year. how were they able to boost so much? >> you are not up to 94 on some of those. it's not just about our relationship with consumers. it's about our relationship with tenants too. that is the name of the game and that is what we do for a living. >> in 2008 everybody thought -- i am raising the dividend. they said they understand how bad these are? who are you don would wood?

>> i believe there is a deal between investors and the company. >> is an important component of total dividend return. you should not cut the dividend. you have the right kind of properties. >> we don't do it. we haven't done anything since 1967. that is a 20% interest rate. if you own no real estate the cash flow goes down. you get a buffer in the security between the real estate itself and the stock. >> you told me unless you have pick up outside during covid

you will not do well. i have to ask you a tough question. what do we do with all of the theft? >> let me back you up a little bit. there's no question. social issues in the country have a long way to go. at the end of the day what we are doing with our properties is i want them to be the living room of the community that they are in. i want somebody in that family to come back and pick up curbside in the middle of the day. i want the family to come back at the unit that evening and have dinner at one of our restaurants. i want the adult daughter to have a computer out in front of her. i want it to be used holistically. you can accomplish that. that to me supersedes. it will work.

>> it does work. >> i remembered being on the line and putting you in a book. everybody said he would cut the dividends. that's exactly what you did. i love having you on. >> thank you so much man. >> coming up, kramer wants to hear from you.

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>> it is fishing season in oregon. i am watching with your show. holly and gabby and my dog. >> i like mine too. i like my wife kia. the stock is po ww.

let's go to ali in texas. >> i hope you are having a great time. you have to bring it. what's up? >> jordan?

>> i want to say thank you. >> my team makes me look good every single day. look at this. this is what i am talking about. i come to work every day since the show started. what's up? >> if it ain't tesla i don't want it. mohammed in michigan

i am in my new set. i am loving it. how about you? >> $36. i am getting there with you. let's go to devon in my home state of new jersey. devon? >> that's powerful. it's a better running company.

>> an an amazing network. >> i was no longer a huge crypto guy. now that it's wrong i'm not there.

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what happened to all the oiled bulls who told us -- where did it go so wrong? 88 down from 135 months ago. the bulls missed the mark. especially the independent oil producers. there are incredible payouts. as long as it stays $75 a barrel these will be worth invalid. if the last year told us anything it is that -- there is

no way to kick the habit anytime soon. as i told investment club members today in our monthly meeting. it doesn't matter how high the monthly yield is. that is the highest yield. when the commodity goes down there is nowhere to hide. when oil gets hit you have to expect stocks to get hit even higher. how bout the true believer? the ones who told us that oil was the next supercycle. a word that i hate. the bulls need china's economy to come back online. what is amazing there is

consistent information. the russians would not be able to sell their oil to anyone. the chinese did not count on india being a buyer too. russia is pumping far less crude. it doesn't matter, there are plenty of fire for russian oil. while the u.s. producers -- the

oil market is not a well oiled machine. remember in one point in 2020 crude traded down to $-137. this is what i think is driving things. oil could go to 80 or 85. it is unfathomable. they didn't believe that crude

could roll over. it looks like a classic head and shoulders decline. i know it is technical mumbo jumbo. it is mumbo-jumbo that you can believe in. i'm jim cramer. see you next time. brittney griner learns her sentence in a russian court. this is the news on cnbc. >> for the basketball star, years behind bars. biden responds and calls for the russians to release her. the next move to free brittney griner. alex jones learns his punishment for defaming sandy