>> corner? >> i like the long-term story here. >> you, autonation powerful breakout with the reload on the long side of the breakup . >> that is a fun show tonight. cory, would you rather, bono did not bring back any guest. a successful outing. thank i am here to level the playing field for all investors. i promise to help you find it. mad money starts now. >> hey. i am cramer. welcome to mad money. i am doing it fast. i am trying to help you make some money. my job is to entertain and educate and teach. call me at 1-800-nbc or tweet me @jimcramer.

now, people are finally starting to realize that the federal reserve may be able to chain inflation. suddenly they want to climb aboard. the bandwagon! that is how we got another good session. dow getting 240 pointspreads nasdaq is down. all day, after the good numbers from home depot and walmart. i heard these markets sages talk about how it is possible and how you should be able to navigate a soft landing. they said it could never happen. what a bunch of obtuse thinkers! where the heck have they been in the last five weeks? we just had a rally based on all of the things they're doing now. and now they are doing this? that is for nothing. what did it take? $40 ago, was that it? the federal declining rates? the decline of the average only two months ago. no. it is the rebound that got them

there. fax. i don't know if anyone recognizes inflation's peak, but it rubs me the wrong way when these home depot and walmart deliver good numbers and then give you the all clear. who needs that? what value is that? i could read those releases, too. these are two of the best. you both got it right. those who got it wrong for the consumer. what matters is that they are price cutters, especially walmart. these are big-box stories. they are laboratories of inflation. i'll by aisle, they work for a lower-priced product that is just as good. i'll by aisle, they are selling more cheap food products. walmart is big enough that they can actually hold the line on inflation. home depot and walmart talk about how the supply chain is lessening.

they are still hurting the consumer, but less selling. as people sales are better with the quarter, giant in july. those sales hit inflation with do-it-yourself, diy. the remodelers, rather than contractors, cost less. if there was a lot of do-it- yourself this quarter, then it is big. tomorrow, the do-it-yourself lowe's reports. we will see. what matters the most and what just shocks me, that these people refuse to recognize, is the peak in gasoline. it is all over these numbers. the price at the pump was strangling the life out of consumer spending. now that gas is back below four dollars a gallon, consumer spending can go higher again. don't tell me that natural gas is so expensive. that is an alibi for the people who got it wrong and are trying to make excuses. of all the mistakes, these know it all bears made, the worst is their inability to believe that oil can come down russia is still invading ukraine.

they bet the farm and the idea that no civilized nation would ever take fresh accrued. incredibly naove. they did not think of china. maybe. but they certainly didn't think of india. they are getting it on the cheap in india and they are not caring about what happens in ukraine. once that happened, the bear should have switched because it meant gas prices were coming back down and the consumers would, indeed, have that extra money. i mean, if you are spending five dollars per gallon and that of four, that means there is a dollar less to go to walmart or home depot. gasoline was the winch pain in getting inflation under control, and now it is going the feds way. if the people believing in peak inflation gets the most criticism, the evidence is crystal-clear. because there is a numerous number of hedge funds who got caught short or over invested, so they talked on the market in order to buy a lot of the rallies you see in the companies that are less

probable that are short squeezes. in the home depot, walmart conference calls, while you see this, she hasn't disappeared. that is because of a soft landing. you want the consumer to pull back, so read retailers have in inventory. then they have to cut prices. deflationary. the walmart will happen now that i've said it. that is great for us, and now home depot, you have more do-it- yourself on the homes. at the same time, the work from home shift is alive and well. you can tell in places like williams-sonoma, macy's, because the consumer isn't falling off a cliff. apple is ordering people back to work. the most severe i have seen. but when you look at this, it is only three days a week, so that is all about staying home.

let's refurbish that. it is for real. i am making these stops through the run. when i run my hedge fund, i demand you work six days a week and i would throw my water bottle at you if you didn't play by the rules. some call me old school. oh, by the way. one thing is this mean thing called bed bath and beyond, which is up 300% after another big day today. now, this is what i call manufacturers source when they get together and have the stock. i just did. it can be self-fulfilling if positive, but only if ceos, the ceo of bed bath, convenes the board and sells 20 million shares in an offering. something they were sure vendors that bed bath can pay for merchandise. she can get a great price shift and these sellers are eager to

buy so that they can exit out of the loss. if she doesn't get the stock it means she can't read a balance sheet. maybe there is a hostage situation. this is a slamdunk, and i never use that term, to a secondary offering here and she should do it tonight or tomorrow, or else i question the company. what happens now? women get this bold -- what happens to the market? i will tell you what happens to the market. it tends to go down. that is usually perilous for a bit when you jump on a month late. when you have these small sized companies that have already turned up, we are starting to see a lot of money losing stocks starting to rally. you know what i say to those? cell. cell. it is tough for the retailers to rise. can those retailer numbers really be that good? and the stock went up. i don't think so. i would be a traitor if not a scalper of the oil stocks here.

but the main take away is that the people who got out when the average was down 20% for a year, and the 10 year yield, and we are healing constantly about $300 oil. now they are coming back in, after months of rallying. now they are coming in. these fair weather fools who all believe we were headed for severe recession two months ago and were just calling powell adult are now rushing to declare a soft landing way too soon. the fed still has a lot of work to do. for example, home depot swore up and down that there was no slowing down whatsoever in the house. that is not happening. we have no reflex whatsoever when it comes to inflation and that is not going to be solved by people going back into the office. it will get squeezed to the point with a have to fire people, sadly. it is true. still, the bottom line is, you

never should have gotten off the j powell bandwagon in the first place. i have been saying that all along. it is hard to stay the course, but the people who didn't stay the course are not terrified because they missed out on a gigantic move that would lead to another went to occur to get back to the former standing. all i can say to you is, why did you feel you had to sell in the first place? let's go to brush seal in arizona. >> hey, jim. how are you? what is your favorite cereal? >> cereal? >> cereal. >> i like cereal. what, stop? >> i have a lot of cereal on my mind. i am on general mills stock. >> i was in the supermarket today. i was in the supermarket today, with the pattern playing out. i will take a pass on that.

in the cereal aisle, i have to tell you. no discounts right there. none of that bogo, which is buy one get one. they are paying full price for the general mills cereal and i say, hurrah! you never should have gotten off of the jay powell bandwagon. i told you 1 million times. you made fun of me. i didn't care. i was just like kerry and . the market, should you be in a shoe company? no! i am telling you, we are too much into this rally so is it time to rethink? i will give you my take. sonoma felt today. so is today's pullback a buying opportunity? stay with cramer! >> don't miss a second of mad

money. follow @jimcramer on twitter. have a question? tweet cramer #madtweets. sent jim an email. bc0043e us a call at 1-8-7 cn. had to mad money . cnbc.com. ♪ icy hot pro. ♪ ice works fast... to freeze your pain and your doubt. ♪ heat makes it last. so you'll never sit this one out. icy hot pro with 2 max-strength pain relievers.

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so why not hook community centers up with wifi? for kids like us, and all the amazing things we're gonna learn. through projectup, comcast is committing $1 billion so millions more students can continue to get the tools they need to build a future of unlimited possibilities. since late last year, i have been warning you. they just got obliterated in the first half of the year, but will the markets rebound in the next couple of months? many of these new issues are selling signs of life. best known for its increasingly popular shoes. i told you i liked the stock, but it was a little too high. it was 30 bucks at the time.

sure enough, it pulled back to $16 before bouncing back to $24 today. i have been impressed with the results from the holding. they turned in a clean top and bottom, and imagine also raising the for your forecast. in the initial rally, this was down so i am wondering if this was a buying opportunity that we have all been waiting for that the sellers don't even know. let's take a closer look with mark kopp, the cfo. and the fellow co-ceo. gentlemen, welcome to mad money. >> hello. thank you so much for having us. >> mark, i want to start with you. we are going to get to the numbers in a second, but i want you to tell people about the brand. a lot of people feel in our country, i am going to use my wife as an example. she has 10 pairs and she is not a runner.

when i told her they are running shoes, she said there are fashion shoes. tell me how people could confuse a running shoe with fashion. >> your wife is a perfect example because we started that way, and it was all about performance. it still is about performance and design. our products don't just invigorate and celebrate they are about sustainability. so performance can come in many different ways. currently we are watching the role effect championship. we are seeing this with her fastest products. and then we are watching this, and she feels better than ever before because performance means comfort for her and this is how we are bringing the product to many different people from many different cases. >> i do think that it is still relatively unknown. there is a lot of room to run. marc, let me ask you about the quarter. if it weren't for airframe, this would be one of the great

blowout quarters. where are you in terms of getting into the first part of the blowup? tell us about the quarter. it was pretty great. >> it was the best quarter in the history. as our cross rate came in, in the first quarter, we are well up above 500 million for the first half of the year in sales. if you remember back in late last year, we are still seeing the impact of that. so we had to have a lot of product in order to get the products to the customers and to meet the demand we have been seeing all around the world. we decided to use that, but no , basically, the situation has much more improved. we have a very good inventory position and so for the next quarter, but especially for the first quarter, we see this cross margin coming into place, which we see at around 60% is

where we see the cross margin for our business. >> that would be defining one of the better gross margins we have seen of the new companies. martin, do you think that you will have enough product? you have a lot of new things coming. jack is coming. will you have enough product in america for the holiday season? >> the smartest people work in supply chain, so they make sure that we have enough in the right place at the right time. of course, demand is superhigh but we also have a lot of control in these fields. some scarcity is good because scarcity ensures premium as premium brand and that creates desire and ultimately that is what we want to have. >> mark, you mentioned something incredibly important especially for younger people, but almost everybody in americ , about sustainability. i don't know whether people realize that you care, because

the fashion is so great and the performance is so great, but you have this courtier belief in the company. >> very much so. in the end, we started this company because we felt we wanted to walk in nature and move in nature and we felt we had a product that gave us a very special feeling there. we want to make sure we keep what it is. it is why sustainability is so important to us, to our kids. we want to change. they are very much focusing on three elements. one is materials and the other is co2 reduction for clarity. i think that that has come to life and many of our products. we just launched the one that comes with a subscription model, so you never owned the shoe. you get it, you run it, or you walk in it. you send it back. we shut it and make a new product out of it. and this is the first product in the industry that comes with

this description. >> let me follow up on that, marc. how many people know that? i think the more people know that, the more people will buy your sneakers or shoes over anybody else. >> we hope after this, even more people know. but, you know, with the initial subscriber, we have seen the trust build. the u.s. was the first market to receive the product, so the first pairs will be delivered in a very small number from the very beginning. this is really also a big, big experiment on a large scale of opportunity. we are seeing very positive responses from consumers. they love the product and there is positive feedback which was very important to us. in the end, we want to have sustainability so we don't compromise the performance. it should enhance it. this is what consumers are doing. that's exactly what is happening. >> martin, one thing on the conference call i loved.

you said, we want scarcity. i know one of the successes of nike is that they sell different exchanges because they are scarce. how do you engineer scarcity? how do you know that you have just enough in the channel for people who want it, but not anymore, which would make it so that there is a block? >> i think it's important to build a lot of growth early on. it is a global brand. we are in 60 countries. we started running products in lifestyle. we have footwear, apparel. you can buy us in some of the best region stores, but also online and more in malls and retail stores. so there is a lot of opportunities for us to grow and we don't need to chase the opportunities. it gives us control about our growth and a lot of opportunity, and therefore, as i said with the right planning, we can catch this to some extent with scarcity. of course, the product is key

and it matters for the customer and the exchange of information for the shoe needs to go into it. that is a prerequisite. >> i have to hand it to you guys. i was going to say, i thought maybe you just have a very, very strong story. i want to thank martin hoffman, the co-ceo, and marc mauer . what a story, guys. you are buying the highest growth fashion story and sports story that i know. mad money is back after the break. >> coming up, why not the long face? is this rally a reality? find out from cramer, next. clay matvick

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they said it couldn't be done. because the big drug companies have billions of dollars and an army of lobbyists. but aarp has never run from a tough fight. they stood with their 38 million members and said, "enough." enough of the highest prescription drug prices in the world. together, we forced the big drug companies to lower prices and save americans money. we won this fight, but big pharma won't stop. so neither will aarp. two months ago, the market bottomed and since then it has

come back with a vengeance. we are now 15% for the lowe's, and nasdaq is up 24%. after a horrifying first have to the year -- >> the house of pain. >> i don't want to take this recent run for granted. i told members that hardly any commentators or strategists were coming in june when the pain was at its worst. you have to think of this rally as a reward for anyone who had the fortitude to stay the course, even when things were bleak. i think almost all investing club members did. >> house of pleasure. >> we have some feedback now. we are two months in. i want to take a moment to reflect on what has driven this and how to look at your portfolio going forward if the stock market starts going down a bit. let's look at what happened in the first place. this is very important. we have to give you the underpins. first, long-term interest

rates, the ones set by the market itself. they peaked in mid june, almost exactly this time. well, the stocks bottomed because larger market stopped going down and rates stopped going up. the benchmark topped out just a hair under 3.5 seven, and it has pulled back significantly since then, down to just 2.8% today. when they were spiking, everyone was telling everyone to go forward. this sets the stage for a fabulous rally and higher risk stocks that are dependent on future earnings streaks. the rates are terrific for these stocks while high rates crush them, like we saw in the first half. to earn a lot of money, those stocks can fly. second, these prices have absolutely collapse. this started with some stunning pullbacks in june. for most commodities, it has only gotten more extreme since then.

one of the last holdouts was energy, but the price of oil has plunged from $123 in june to around $86 today. these commodities have been eating us alive, and this shows us the defense winning the war against inflation. although just today, part and parcel would be the economy class, i guess. the u.s. dollar peaked just over a month ago. the fact that it stopped raising is unusual for american companies who do a lot overseas. it has been a lot of headwind leading to giant estimate cuts, which would make people fearful of international stocks. third, inflation. in june, when so many commodities rolled over, we got a red hot july because they were pricing and they freaked. that didn't stop stocks from rallying. we figured it would be the peak for inflation. that was the top. sure enough, last wednesday we finally got a court that inspected cpi, weaning that this might not be as aggressive

as some thought. i will tell you, they are not done because we still have powerful wage and rent inflation and those are very important. fourth, a couple of months ago, everyone was talking about the engineer recession i state in inflation. maybe a severe one. now people are coming around and it turns out to be a mild recession. the feds already made real progress in its fight against inflation, and this means i will say, incredibly resilient. he is not kicking anybody out of their jobs. finally, we have the big picture macro commentary at the end of the day. stock prices for individual economies, and over the past several weeks of earnings season, we have seen a lot of companies do surprisingly well. even walmart. remember they missed twice. they had two fumbles. of course, we see that the markets have also gotten much more forgiving. take this example. they had a weak quarter in late june. i think they hit us with a roller this month.

we had stocks down more than 20% as part of a broader resurgence. so now we have to ask, who are the biggest winners? because this is incredibly revealing. you might not have thought. when you look at the data, no one buys those stocks in recession, right? they have been the best performers in the last two months. there are some truly weak categories, like the big electronics. i think consumers should be spending their money on experiences rather than stuff. plus, this is giving people more spending money. these have all been put their big price increases another costs are coming down so the margins are about to explode higher, hence why general mills is up all the time. tech was the next best performer. they got so hard-hit from vember through mid-june. and also because the whole group

became more attractive when long-term rates started coming down. the utilities and investment trust, too. these are high earning stocks for good bonds. lower bond yields send those share prices higher. next, it was the financials. this is a great group right here. and industrials. they were up mid to high double digits because wall street now assumes we are headed for a mild recession. not a severe one. remember, in a soft landing, short ates stay high so banks can make a ton of money off of your deposits by investing them in short-term treasury rates risk-free. but really, the only group that is down over the last two months is energy. that is because of oil and natural gas prices coming down hard because there is, even energy is only down about 1%. for most of the first half, i would say they were. unfortunately, some of the most speculative categories have also come back to life. recent ipos presented are up

more than 30% from the bottom. even the former plays are getting some love. we see this back up 33% from lowe's. 33. meanwhile, the cloud software have jumped 25 to 30% over this period. oldman sachs, 35%. these are all too high. we have these innovation sheets for tech stocks that have now gained 37%. this energy complex is also gotten a new lease, although the front has changed when congress passed some subsidy, subsidies for renewables and we know the president signed on that today. when you look at some of these gains, i think they are unbelievable. i was shocked. this first one, i read this morning about the research and it was saying, we are surprised by how well you're doing. i said, up 75% up. the power and electricity is up 72%. that is an obvious bill.

even some used companies have sorted, including amazon, up 40% in just two months. that was right in front of your face. so now we are two months in. how do you adjust? i am still lost because i believe in the peak inflation thesis, which means the fed doesn't need to take it as aggressively as recorders going forward. i have got to tell you, i have been writing the speculative rallies. if you have been in the stocks, of companies that weren't making money, okay. listen. it is time. i want you to swap into the boring stocks that thrive in this model. just because the fed can be less aggressive, that doesn't mean it will stop tightening entirely. in fact, the more the stock market rallies, the more likely it is that jay powell will have to lower the boom on us again. you can be lured in by the siren song of speculation. we see these moves on the

stocks like we don't deserve them, like bed bath and beyond. not to mention the host of micro ipos seem to maximum multiply. this is the stuff that happens in the end of a rally, not the beginning. bottom line. i am feeling much better about this market now the inflation has peaked. it is time to take profits in the most spectacular portfolio. with that money, we move into something more resilient. forget the specs and the recent ipos, unless they are profitable. a mild recession is still a recession. you need to be in quality. not defensible. the quick and the dead. joel, joel. >> hi, jim. >> joe. what's up? >> several years back, they said we can't use most advisers. after you suggested, i did my homework. i bought a lot of sky solutions stock at six dollars a share. years later, i called in on

your agreement and took some big profits off the table when the stock hit $100 a share and then the celestial $200 a share. i am very happy with that result. however, now the sky works are at about $100 per share. so my remaining shares are close to this because when i was asked how he got rich, he said he sold his. >> why am i not more bullish about it? because it started at the bottom. the one area that is the weakest in all of tech complex, other than pcs, is the low-end sell phones. skyworks has a lot of exposure there. i think it is better off to just let it ride. now i am feeling much better about the markets since inflation has peaked, but it is odd to take profits there and move into something more resilient. including my exclusive with's anova. we have this running with this

and i am talking to the ceo. wall street seems to think what is bad for china is what is bad for the u.s. is that true? rapidfire into nights edition of the lightning round. stay with cramer! when tired, achy feet make your whole body want to stop,

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today, president biden signed the inapt lien named inflation reduction act into law. not to be confused with the other i.r.a. this has a climate change and tax reform bill for clean energy companies and we have to look into that. how about sonova energy international, which does residential solar here in the u.s.? these guys are a big player

with nearly 100% sales just this year. the company still losing money on earnings basis and that is unlikely to change over the next couple of years. the stock has been clobbered, sinking to $12 in changes since may. sonova has come roaring back, after announcing a big convert last night. the stock is almost double. it explodes, and that is kind of attractive to me. let's check with john. he is the ceo at sonova international. >> thanks for having me, jim. >> literally just a couple of hours ago, it was very exciting and chilling for some of us who really want to fight climate change very much. what does it do for your company? >> well, for the industry, for the first time in history, we now have certainty as investors

look at the broader solar industry, batteries, clean energy, with the investment tax credit now for 10 years. we have never had that level of certainty. we have always ridden this roller coaster if the tax is going to be extended or not and the even expanded the tax credits. the second thing is, we have lot s of problems with this in particular, and this building brings the manufacturers and gives jobs and again, giving more certainty to the investors. third, this expands into the disadvantaged communities that really have been not able to access solar as a service as much as they would like to, of course. this really opens the doors for further growth for the industry and further access to folks who really need to save money, given these very high utility bills. they keep getting even higher as we go through month after month. >> explained to me why financing comes into play. you do have a huge finance arm.

it would seem like the payback is pretty quick and now you have the investment tax credit. why do i need financing? it seems to me above the means of most people. >> it is, jim. when you look at solar only, you're talking about roughly on average, about $36,000 to cover a normal home. a couple of batteries on there. europe into the $50,000 range. you take 30% dollar, maybe 50%, depending on the type of credit you qualify for, off of that. that is still a big chunk of money for everybody. when you look at the availability of financing, we are a service provider and are there to provide energy at a lower cost, roughly about 20% off bills. . spread is definitely climbing. if you have signed up a few years ago, you are really saving a lot of money, given nine dollar natural gas, oils, 90 bucks or so a barrel. calls even higher out there. when you look at this, it really pays for itself out

there. not immediately, but it provides financing for folks. whatever or however they want to finance it. we do provide data off of our balance sheet. that is a source of profitability for us as well as our service. our core business is service and making sure that power flows. if something goes wrong, we are fixing it to get you back online, just like a monopoly power utility does every day. >> now, throughout your different filing, you talk about the triple double triple plan. what do i get if i pick that plan? >> well, that is our guidance we have had out there for a long period of time. if you go back to our second quarter, we had about 225,000 customers across the united states ranging from saipan all the way through california, texas, puerto rico. around 40 u.s. states and territories and we have obviously been expanding quite nicely. when you look at the doubling

at that point in time, we had set the plan up to about 400,000 customers next year. looking at this, we have been moving that up quite nicely as well for this plan and our cash flow. so it is our long-term plan that we feel as we said in the second quarter call. we felt pretty good and on track four. >> when people heard you were on tonight, they were very excited about the bill signing. one person said, you should ask him about the stock he sold because it seemed like last week, if the company had such a good story, why wouldn't he sell any stock? everything is fair game. was there a reason why you let go of so much stock? >> well, it is just a small portion of my holdings. i founded the company over 10 years ago and it is something at some point in time, you do need to take some proceeds. i still have a very large ownership in the company and look to have a long-term relationship and build this company up into something much larger. >> now you have some power and

tesla. could you tell us why, given the sunnova pitch versus the other guys? >> at sunnova, we are focused only on being a service provider, so we are taking in on our software platform all of the different manufacturers, some of whom you just mentioned. we are making those hard workpieces, the solar panels, we are putting all of those together and making that work seamlessly at your house. when it doesn't work, things break. we are out there making sure it is fixed and if we can't fix it remotely on the phone, we are handling all the building and contract transfer of selling your house. it is more about providing a service as the companies think about it. we are able to go out and source the best hardware in the entire world, and we do have this relationship in our scale to bring the best appointment and make sure that it all works together seamlessly at your house to provide that clean,

cheaper power. >> i think you are the future. i think the current system we have now is the best. in the act that was signed today, it certainly solidifies that. that is john berger, ceo at sunnova. one of the big three of the companies that made sure you could change the way you had power at home. coming up, cramer takes the calls, and the sky is the limit. it is a fast fire lightning round. next. (vo) hi. we're visible. a different kind of wireless company... ...running on a big impressive wireless network. how are we different? we exist only on your phone. which means you sign up, get help, and pay all right here. so you get a single-line unlimited plan for as low as $25/mo. switch today at visible dot com.

it is time!

the lightning round is over. are you ready? let's get this over with. gary in texas. gary. >> jim, long time no see. first time calling. >> excellent. >> it hit a fifth ow last week. >> it is a probable company that does important things in healthcare. i am going to say yes. this is a good level. let's go to new jersey. >> hello, sir. thank you for taking my call. >> of course. what's up? >> so what do you say about the petroleum? >> i query, why occidental, which is obviously warren buffett's favor, we we can own something like the debit? just doing everything right with a big yield. very good growth.

that is the way to go. much more conservatively managed and owned by our charitable trust. let's go to josh in arkansas. josh. >> jim, thank you so much for taking my call. >> of course. >> best part of my day is waking up and listening to what you say about where the market will be for the day. absolutely honored to speak with you. my stock, i doubled my money over the last couple of years. trading technology, stock plc. >> i like trane very much but i am going to ask you to get off that train and go to carrier! you have got a lot more inside. we are not done. we are going now to susan in florida. susan! >> hi, jim. we are longtime viewers and have really enjoyed your show. i own shares of stanley, black

and decker, and right now, it is 20%. >> we don't care, susan, where a stock has been. we care where it is going to. stanley has had a very tough time. two quarters. 10% downside, maybe 35% upside. it's a mess right now. how about craig in california? craig. >> the swami of the stock market. >> swami. i wanted to be a fantasy football swami, too. what's going on? >> genuine at an all-time high for the stocks, with multiples in the 13, 14. solid ets be up a quarter. this year in the 52-week high. did i just propose that the lifetime quality will be kinder to my portfolio? >> i think that you have to

miss it. lightning round! >> lightning rod is sponsored by td ameritrade. coming up, don't read the red menace. cramer has a kinder, gentler way to put the market to china's moves. next. >> i love the show. >> my five-year-old grandson loves to watch her show. >> i thank you. >> our world is a better place to be in.

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somehow, wall street is under the impression that what is bad for china is always bad for the united states. it's just not true. putting aside the fact that china is our number one, if not where it ought to be, our economy is much less fixed. maybe the chinese government has made a series of jarring errors and in democracy they would be fatal errors. in the housing market, a few years and a collapse in exports

for the zero covid policy. so much manufacturing. china would be in much better shape if they just buy and marinate vaccines from us or from germany. but the homegrown stuff is just not as effective. they more or less locked down millions of people anytime there is one outbreak. i would say that is suboptimal, to say the least. when wall street tends to behave like that, that is bad news for our stock market, i need you to think again. unless you have a lot of chinese businesses, you should want their economy to stumble. you should want it so bad that president xi has to ride off into the sunset. he is not our friend. speaker pelosi showed up in taiwan with policy in her hands. just stick with this, despite the widespread discontent. with the authoritarian government, which allows

persecution, is spoiling the planet. china's purchases are basically bankrolling russia's takeover of ukraine. we all know that china's residential real estate, there are now 21 developers that have gone belly up. they cannot get their economy up, going slower than we ever thought. you might think that the bad news is all bad news for america. you know i can't sleep. i get up at 3:30 and the futures are always done if china is down. i cannot tell you how stupid that linkage is. it is actually a good thing. it is a good thing because the slowdown in china could crush inflation. and you know, that is the enemy of our stocks. inflation. the chinese, the marshall buyers, for aluminum, steel, and most oil. they won't pick that up if their economy is bad. that is great for us. we have a bunch of copies.

think apple, and that business was already fraught given the 10% over taiwan. for the most part, the chinese government has been very resistant to foreign companies coming in and doing lots of business. they like to export raw materials. apple, nike, and starbucks. so the company doesn't crackdown because it is cut off your nose to spite the face situation. that means china just doesn't really spill over to us. this is not europe, where the banking system is intertwined with ours. in business with china, we don't catch a cold when china sneezes. we take market share. so can we please stop selling our stock, particularly in the early morning, when chinese has weakness? we should be buying our stocks. you are worried about inflation. a slowing china could be the most powerful force in the entire world. if we had no inflation, it would be a different story.

that is not the current situation. if the chinese government can shoot itself in the foot, that is a win for both the economy and global democracy. i say don't you dare overthink it. just a few. right here on mad money. i am jim cramer. see you tomorrow. the news with shepard smith is at the end rainy beginning for liz cheney? i'm kayla pesci in for shepard smith, this is the news on cnbc. >> whether you like cheney or what out of congress. >> is she's a sellout, betrayal. >> wyoming voters today to decide her political fate. president trump says relief release the affidavit. the justice department said that would cause harm. now a judge set the hearing to decide interviewbere