>> kate began with the starbucks. it is a kate rodgers birthday. happy birthday. is too cheap at current levels. 10 to thank you for watching fast money. meantime but don't go anywhere, mad money with jim cramer starts right now. my mission is simple, to make you money. i'm 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'm just trying to make everyone money. my job, educate and teach, so call me when it hundred 743 cnbc or treat me at

@jimcramer. you may have detected a shocking bout of rationality where stocks got hired. companies are losing money but just have good sales data. and all up and the dow gained in the smb and the nasdaq declining 2.6%. the stocks have performed poorly that you said do very well with very simple numbers. the stocks that roared had different and been left out in the cold for years doing nothing. dismissed as fuddy-duddies. let me give you some examples. first, there's an identity verification company we have the on the show often.

they are the gold standard and handle all of your login and verification credentials. everybody knows them. last night they reported the usual strong revenue they are willing to lose money as well long as they can keep generating tremendous revenue. starting last november the market has turned against them. the stocks were finally getting repeat and they put it to the rest today when the stock lost more than a third of its value. when everybody see one it's pretty darn simple. okta is just so far away from making money that it can't be owned. it is too out of style in the new start with york wall street

style. okta is a pariah with hundreds of other companies especially in the ubiquitous and sometimes ruinous software companies that embrace the same exact strategy pursuing revenue growth at the cost of profitability. meanwhile, old fashion companies with buybacks and dividends holding up better than other indices. most of the stocks that we own which you can follow by joining the cnbc vesting, members only morning meeting at 10:20 a.m. every day. and now for several months in this strange dichotomy where companies are now moneymakers and small growth companies that are still profitable, wall street now, it loves the letter and lose the former. and you know what?

a lot of people still don't get it. there's an incredulous group of ceos who simply cannot believe their eyes. they still think investors went quote at any cost. people want to hear about land and expansion. if anybody still cares about their first a mover for the top- notch go to market strategy with all sorts of new logos. the can't admit to themselves that the only investors want to hear now is actual profits not not gap adjusted earnings because that would mean slamming the brakes on the growth strategies that work so well for them. they don't know anything else other than what the ventral capitalist taught them. they don't know how to make money. if you think making money is losing money. they have to start finding a way to make money. i feel like -- you know, the man who built, growth devotes

chapters to the need to make money for shareholders while holding yourself accountable. growth was a throwback compares to most of these ceos who try to judge themselves based on weird morning reports. i'm going after it and going over this because all the started cheating last november and now it's really going to head. the market as change its attitude. profitability is in and losses are out. it makes sense, doesn't it? you are in your household and all you do is lose money, well i don't know, i like that makes money. and last friday jay powell admitted that this was the foreseeable future. let's get some points down that you can really, some fine points to remember. first, there's a practical

element because it's become much harder for marginal companies to raise money. the ipo market is frozen. there is little demand for secondary where the company can raise money and the bond has no patients. there simply isn't enough money going around for this legion of unprofitable companies to keep finding themselves. there is no longer a pot of gold at the end of the radio. we had a rainbow over her house the other day and for what i could tell them anything at the end of it was i hundred 95. second, these companies all seem to have been taken public by handful of venture capital firms that were powerful enough to jam them down the throats of corporate -- cooperative investment makers and willing to fool investors. but wait, they are addicted to suffer companies. the venture capitalists or sources of such great wealth that the bankers really couldn't say no which is why they would rubberstamp practically everything that wanted to go public.

but now these public monies are talking about how it's gotten tougher to close deals or clients are more measured with the spending or sales cycles have gotten elongated which translated to the disappointing forecast and internal lower stock prices. as the shares go down to the employees start leaving because they're often pay and now underwater stock options. it is a vicious cycle but the fed actually, yes, wanted to car. i'm going to say it out loud. investors need to understand what many of these companies even do. he cares whether the stock is going up but now the they've spent months going on me to want to know, did i eat okta for breakfast ? that's what they know. that's they know about these companies. there are too many enterprises offering to control the data and then silo, digest, and monetize it. i will tell you what, you know, we are sick of bob dylan

companies. you know, the month of art looking to block you up, doc europe, rocky, lucky welcome analyze you, categorize you, finalize you, or advertise you. are you going to do, get baby, is make money with you. i took some liberties with the last line but this show is about making money not making friends. today was still one more day with the price of gasoline went down which means the oil companies were having a hard time making money. hey, but it's great for the stock market as long as the price of crude stays above 80, the dividends of these companies are so big that the oil stocks are hard to take down. at the very least, they don't get hard as you would expect bit more important, one of the things we want to see is gasoline coming down if you are the fad. they would be winning on that one. we also see the wrath of the u.s. government with semiconductors. our leaders no longer want china to have access to our best article intelligence chips. that cross the stock which will

take a $4 million hit from these restrictions. that is just this quarter. more on that later but with that of committees that are still dealing with mean stock hangovers. i was thinking, it's just such a nice people and i can't wait to take it out to the ball game. you can go long best buy in short bed bath and beyond it i feel like these could be a great trade that closes out on the christmas season. and you know what, if the teamsters when, then overall this market is preparing itself for 8 jay powell nuclear winter kind of like a chernobyl affair with a cloud coming up the reactor is one you don't want to beat. any company that is involved in the cloud needs to be decontaminated before you radiate your profile you. bottom line, it is a

unforgiving time. we are back to the dynamic that january through mid june so don't be a hero right now because there is no telling how closely stocks ago. be happy that they are so oversold that the good stocks are going to start winning. i need to start with terry in michigan. >> hank you for taking my call. i'm thinking of opening a position and i was wondering what he would recommend as the best way to get in on the liquefied natural gas trade. >> great question. x and has had a big move. inder morgan is i do believe in pipelines but let's go to william in michigan. william? >> hi jim, let me thank you for taking my call. >> inflation on its way down, we know there will be additional rate hikes in the near future along with the

upcoming holiday season i would like to get your opinion on mattel. >> i like the stock of mattel very much. i like the company. stock is your break. it's pulled back just a couple points from 27 to 22 and i say, diet. >> thing for taking my call. walgreens has been cut in half. it's about 12% of my portfolio so i'm asking should i let it ride and collect the dividend or scale out a bit and use it for something else. >> i want you to stay in around a bit. it such an unpleasant expensive to my go to walgreens and will wait forever for somebody to come over because i want to buy a gillette razor blade. the whole idea, you've got a

buzz to get somebody to open a plastic thing so that you can spend $3.80 doesn't work with me. rather, this is an unforgiving market. don't try to be a hero but remember we are now oversold enough that you can buy profitable companies. there is no telling how low the unprofitable companies can go. a diamond in the rough, that could be kay jewelers, they'll tell and jared. i would look to this thing by sitting out the ceo and get some more color. this market is overwhelming such item opening the phone lines over out of diversified to help you prepare your performer. and motorola, long way from making those razor cell phones that everyone used to have. i'm sitting down with the ceo of the new and improved

motorola solutions to the company's transformation. a lot of it is got to do with software and public safety. i say i like what i hear and i want you to stay with cramer. (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. so you get unlimited data for just $30/mo, taxes and fees included. plus we have a new plan with 5g ultra wideband. switch today at visible dot com.

another busy day? of course - you're a cio in 2022. but you're ready. because you've got the next generation in global secure networking from comcast business. with fully integrated security solutions all in one place. so you're covered. on-premise and in the cloud. you can run things the way you want - your team, ours or a mix of both. with the nation's largest ip converged network. from the most innovative company. bring on today with comcast business. powering possibilities.

retail stocks have become nightmares. for months i've been warning you of the consumer exchange. people want to go out and spend and they want to experience,

especially after the pandemic but i didn't even realize it would be this extreme. jamie has latest piece about his family tale from one of our favorites. the parent company, signet jewelers limited, stock plunged . signet the preannounced week results a little over three weeks ago. the stock could bounce back with him couple days. now i do warn you not to buy after any negative but that is been the case. sure enough signet reported sales of come down 8.2%. now here is where he could come. signet is one of the best performing retail stocks. after today's peek down, i have to say there something interesting and five times next year's earnings. if they can make the number, it's a steal. let's check in with virginia drosos, the ceo of signet

jewelers. welcome back to cnbc. >> great to be here. >> there's a bit of a controversy today about your company. obviously, you didn't pan out a number and then he delivered a number that i thought was very good but there a lot of people seem to see something that there was a slowdown or that the $500-$1000 jewelry drop in sales. can you give the cadence of how things are really going on whether that is a lull or things are getting stronger? >> we have seen things pick up in august but if i check us back a little bit, we've seen weakness in the market since april kind of timing even coming in a little bit in march. our company has pivoted very quickly, so we use our consumer insight data to understand what customers are interested in and how they think about value at the high-end of the market. we believe we have grown in

accessible lechery. we've seen customers remain very strong and what we would call considered purchases. we saw battle up 5% in the quarter, for example. we stayed very strong on services which is one of our key strategies and for the more economically challenged customers, we've really doubled down on the breath of financial offer is we have now and value engineering our products so the better value to come to signet and you get anywhere else. >> now, is this still the year of the wedding or is that tailwind dying out as we get further and further away from that vicious part of the pandemic? >> well, it's definitely still the year of the wedding. we spent 2.5 million weddings this year. that is a 40 year high so very significant. and what is great about that is that couples usually buy their

wedding band about three months before the wedding, so we've really upped our assortment in that area. we send great strength there. the other thing that we've done is we've assessed all of the jewelry giving purchases around the wedding. we now know that couples when they give gifts to their moms, bridal party to each other, 40% of those gifts are jewelry. it is a $1.9 billion opportunity in the united states and that is something that signet is been going after. >> can you refresh our group about what blue nile is going to do now that we are there. a lot of people are trying to figure out -- i think it was originally buying the business at $900 million. you got it almost a third ip to me, i thought you got a great deal. what is it mean to the shareholders? >> well, i have shareholders are excited about this. i see that it's a great acquisition for us for a couple reasons. number one, it gives us a new consumer cohort. blue nile customers are younge

, more affluent, more diverse then we have the rest of our portfolio, so a great opportunity there. number two, there are the pioneer of online engagement three. they been around for 20 years, so lots of different ownership structures during that time period, but we've seen is that during that time they've built a very strong following, lots of referral business, very strong brand equity. in fact, they have the highest awareness of any online retailer. we really like that. and then the third thing is we've been very successful with the acquisition that we made five years ago. we see a lot of the back-office synergies between blue nile and we are going after those quickly. >> one thing that is confusing, from the day that i met you, i liked the brilliant plan you've executed on everything. this most recent acquisition

is, i just think, extraordinary, yet your stock sales -- you made very clear in your call that this is just way too weak. you a lot of cash on the balance sheet. when you go to work, don't you sometimes wonder what more can you do? what i said the numbers come up this morning i turned my colleagues and said, that's good. she did the numbers, cash is continuing to build and that is what you want. and then i look at the pcp and it is at five. there something wrong. i don't know what it is. >> well, i continue to think our stock is undervalued. we see a lot of upside potential, so we are saying focus on a couple of key things. one is consistently delivering annual double-digit margins. i think there's been some overhang or worries that we couldn't do that in more challenged economic times.

the second quarter proved that we can. the second is we've stayed focus on our capital allocation priorities. we have continued to invest to grow market share. we are doing that by building what we think are competitive within our business, digital, data, things that we believe that others in the jewelry market cannot match. we have, as you know, significant share growth last year. tough economic times are another opportunity for us to growth share. thus our acquisition of blue nile and our continued investment in the business. we have really cleaned up our get and so now we are at a two times or less ratio so i feel very good about that. we've had a number of overhangs, credits, allotted that we recently settled. these are gone, so i really do think, jim, you are right. we've proven we can deliver

operating margins even in a challenging environment. we are going market share and we are in this for the long run. we're just going to keeping a stock that can give value to our servers. >> you should keep doing that because you're doing all the right things. in the end, that always works out. that is @jimcramer, the ceo of signet jewelers limited. inc. you so much, great to see you. >> thank you. more mad money after the break .

♪♪ this... is the planning effect. this is how it feels to know you have a wealth plan that covers everything that's important to you. this is what it's like to have a dedicated fidelity advisor looking at your full financial picture. making sure you have the right balance of risk and reward. and helping you plan for future generations. this is "the planning effect" from fidelity.

whenever we have a market like we are in right now, we all tend to get whipped up in a

frenzy. this would be one of the time to really your portfolios. make sure you come out on top on the market studies itself. that's labor to play one of my very games. it's a way you call me and get tell me your top portfolio and find out if you're diversified enough. let's go right to with ken. what do you have for me? >> good evening, jim, thank you for having me on "am i diversified?" the five stocks that we are interested in our u.s. steel, canadian pacific, fedex, caterpillar, and delta airlines. we really enjoy the show and have learned a lot from it. >> we do have work to do, don't take it personally. the reason why is this. we have canadian pacific, delta, and fedex. they are all transports.

we can't do that. now, i happen to think that fedex is not having that good of a quarter. that is my view. canadian pacific, the rail is doing okay, delta, i think that the american people are traveling again. miller, i think that yield is very solid. u.s. steel begin to say no to that. we will take caterpillar for the heaven missionary. will keep delta for transport and then we are going to add two peers. i do not put it in there because i love what they are doing with weight drugs. advocates fantastic. i want to put attack in those in some possibilities. you know what, let's go -- no, i'm changing up meeting. let's go with starbucks. they just got a new ceo today . i love him and we want to be in on that. okay, next, there is -- >> i'm from michigan with my five biggest holdings in my portfolio. ford, apple, amazon, wells fargo, and devon energy.

jim cramer , is my portfolio diversified? >> this young gentleman is as a private are clearly to the club. he's a member of the cnbc investing club point you know how i know that? these are all of our stocks and i love them. the yield and dividend going higher. amazon just bought some more for the travel trust appeared you would know that if you are the member of the club. we got such a big gain but it still has amicably high yields. jennifer wells fargo, as interest rates go higher on the jordan, he is going to make a fortune on your account. we've got a bank, we got an

oil, without a retailer/web services, you've got a great comedy and an auto. and that, my friends, is how you play "am i diversified?" . now we're going to go to florida. hey, jim, thank you so much for taking my call. i really appreciate it. i just wanted you to know i've been watching you since the days of kudlow and cramer. thank you, thank you, thank you for all that you do for all is out there. my top five holdings are pepsico, apsley amazon, google, and young brands. jim, "am i diversified?" thanks. >> how about that since kudlow and cramer. that was not even in this century. is not accountable? pepsico, what can i say? it's been in the bullpen. he's doing such a great job at pepsico. apple, amazon i just love it. we talked about how the web services is great, retail is terrific. young is a very good restaurant

i would argue that maybe it she beat mcdonald's or the newfound starbucks with laxman narasimhan. apple, i wanted to buy some today. do we buy some of this ? we are to call this a tech company, will call this a restaurant, we call this retail, we would call this a beverage, and apple is the tech classes that we love. are we done? no, we are going to ohio. >> hello, jim . i am in columbus ohio. thanks for having me on the show. i want to know if i'm diversified. my five biggest holdings are j.p. morgan, lockheed martin, brown forman, csx, and -- >> i have to tell you, hugo has something going here. let me tell you why. this represents a portfolio that is defensively enough and diverse enough that -- you can

raise the dividends. i think you're doing an job. lockheed martin has got a good yield and in this dangerous world, can you imagine having a better defense committing an act? brown-forman, we drink more when things get tough. i happen to love the jack and coke that they are doing. i've tasted it, it's good. csx is a fantastic railroad. lily has the weight loss drug. okay, we will call it what it is. you've defense, a bank, that's tour de force diversification plan. now we are going to lane in new york. >> a big boo yeah to the doctor

. i'm in the heart of buffalo bills territory. go bills. i think we can have a great year, by the way. i feel real, jim baby. i think were going to give the eagles a run for their money. but anyway, my stocks where i'm diversified is exxon, apple, microsoft, tractor supply, and home depot. all great stocks. i really like them all. right now, i feel the economy is taking a hit on all of them but i think they are all going to rebound. their good socks in my opinion. what are your thoughts, jimmy baby? to do so much to unpack here. first, thank you for serving in the navy. that's fantastic. second, if the bills give the eagles a run for the money it means we're still in the super bowl. okay, let's go to work.

exxon mobil, they won -- tractor supply is fantastic. i like the veterinary aspect too. home depot, really good quarter. microsoft, a premier tech company and apple, own it don't trade it. oil, retail, but i'm going to sing which of these two. i meant to say that home depot is a big box retail for home and tractor supply really is farm equipment. microsoft we know is doing great. i think it's good. i think sean mcdermott and his father grew up for me and i've always like the bills. you know what? i like it as much as the super bowl. now, much more mad money head. i am sitting down with the ceo of motorola solutions. and then why the latest and

what it means for the stock going forward. of course, all your collars, rapid fired insights edition of the lightning role. stay with cramer !

bubbles bubbles bubbles bubbles there are bubbles everywhere! as an expedia member you earn points on top of your airline miles. so you can go see even more of all the world's bubbles. new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. lily! welcome to our third bark-ery. oh, i can tell business is going through the “woof”. but seriously we need a reliable way

to help keep everyone connected from wherever we go. well at at&t we'll help you find the right wireless plan for you. so, you can stay connected to all your drivers and stores on america's most reliable 5g network. that sounds just paw-fect. terrier-iffic i labra-dore you round of a-paws at&t 5g is fast, reliable and secure for your business.

you know us in the tough for new ideas. i've got one we've been admiring them from a distance for a long time. it's an auto company that has fallen off the radar in recent years. that doesn't mean we shouldn't focus on it.

the old motorola that was synonymous with the cell phones before apple turn the entire industry of saddam. over a decade ago, the old motorola pockets of. since then, motorola solutions as gradually transformed itself into an entity. motorola solutions is all about hardware and more importantly maybe software from public safety and enterprise security but think police cameras, firefighters, video security, command center software for the enterprise. this is why it's a fantastic business which is why the stock has up nearly hundred 70% over the last five years. it is held up separately well this year. some of that is because motors and solutions reported an excellent quarter. sizable top and bottom line. people raising but a backlog up over 19% year-over-year. i think they are pretty well insulated against inflation and let's check in with the dynamic greg brown, the ceo of

motorola sensation. welcome to cnbc. >> nice to be here. >> every time something is called, i was in the same thing, that is a company. every time i hear alexia to heart but the fact is you've developed a company that is probably the premier health and safety company for sound, first responders, in this country. how did you do it? >> we broke the company up, we divested the ? technology . cell phones were history. the best part of motorola is in this business. it was the jewel in the portfolio even before the breakup of motorola. we are number one in land mobile radio communications, 13,000 worked worldwide. you think that, they are private networks, not verizon, at&t, t-mobile, not cellular, they are private. you monetize you provide services. you upgrade them. you bring new software and new services and then they all have radios on them, police, fire,

ambulance and those radios refresh every seven years. we are in the first or second inning of the radio refresh here in north america. new york, chicago, las vegas, l.a. are all motorola. we've also been quietly becoming the number two provider outside of chama and all things video security and access control. the number two provided for the americas and you mentioned command center software, there are 6009 11 centers around the country. 60% of the time, with a piece of software in there so we do command centers suffer, emergency call management, voice and computer activated dispatch, real-time intelligence, and records and evidentiary management. you think about this ecosystem, jim, for public safety. these are adjacent markets integrated workflow, same common sales motion. the motorola brand is an awesome company.

>> also, honeywell is the next door neighbor. you always told me that no one ever skims on safety and two spend less on safety. unfortunately, for schools, it's a necessity. every year more and more. >> jim, what we do is a need to have, not a nice staff. by the way, this is the strongest demand environment i have ever seen. then you go to the backdrop of north american funding and the $1.9 trillion biden plan. there is $350 billion for state and local upgrades three years out. as $170 billion for education pretty thing about half $1 trillion in the u.s. to do enterprise security and public safety. the demand is the best, record backlog, the funding is the best, and innovation coming out of this company and the

acquisitions we are making, there's a lot of room to run. >> we also heard on your call, about the supply chain. you're one of the few people improving chip supplies. your costs are not going up. >> so interestingly, semiconductor supply is incrementally a little better but the motorola team, the supply chain and finance team is first class. we are negotiating better rates. we are doing real-time better product design. we are fighting substantial buttered parts. yes, we are carrying more every inventory. that's a bit can meet buttercup was one. >> one of things for real life people, we are always worried whether somebody has got a gun, weapons deduction. that's the thing you guys do. >> here's the other thing. in the business as we are in, three pillars, three lakes of the stool. video security, command center software but we have video

security in a package for schools that doesn't perimeter detection, anomaly detection,. search, weapon section. by the way, the majority of schools, unfortunately, that is how these incidents, they've had a longer connor long rifle not concealable. if you put in our systems and provide the ecosystem for integration it can say there's a pickup truck that doesn't belong, there's a person walking with a weapon, it immediately triggers an alarm. the committee gates to the radio and will notify 911 as a part of our software. so, jim, think about this company that is public safety, think about safe schools, safe stadiums, and taking what we do providing an integrated ecosystem to protect and respond. >> we've got room to run. the other nice thing is just over the last six or seven years, our market has quadrupled. we have a $50 billion cam this

year against annualized revenues. we have room to run and every single avenue. >> how do i add greg brown's brown, motorola solutions, into my travel trust? this is the kind of company you go for the long-term. it's really a pleasure to meet me. thank you so much. mad money back after the break. this is not just laundry. this is laundry that's smarter than the dial, with ge profile smarter wash technology. more care for your cashmere. more power for your workout gear. this is smarter sensing and dispensing. fully optimized cleaning, no more guessing. getting the best out of everything that goes in.

♪♪ this is smarter cleaning. this is ge profile. ♪ ♪

♪ ♪ ♪ ♪ power e*trade's easy-to-use tools make complex trading less complicated custom scans help you find new trading opportunities while an earnings tool helps you plan your trades and stay on top of the market

it is time for the lightning round. play the sound and then the lightning round is over. are you ready? starting with mandy in maryland. >> hi, jim. thank you for taking my call. this s mandy from maryland. how are you feeling today? >> today as a great dynamite day. we are above ground. how about you? >> i'm doing good. i love your show . we've been watching it for a long time. >> pioneer has a large definite in the s&p. i think i do that. let's go to carter in

california. >> hey, jim. i was wondering what your thoughts are on about the fertilizer industry but what about phosphorus, icl group? >> i'm going to go with it. by the way, i think i like dear too. let's go to matt in texas. >> mr. cramer, how's it going? >> it's going well. how about you, matt. >> a little rainy in dallas. i have a stock here, great seo knows how to create value for customers and return to shareholders. it still trades around 10 times. staters solutions, what you got? >> i've got to tell you, i think this group right now is

so low that if there's any good news at all out of china, coil springs, but we get some noted good news. how about we go to donnie? >> hey, jim, how you doing? >> i'm doing well. >> thank you. you brought this company to our attention back in early 2021. i built the position knowing this could be longer-term so okay with the pain but am currently down 80% and looking for help. i really value your opinion, so what is your updated view on how the lion electric company is requesting? >> there were many companies that we liked for a long time until the fed changed that. when the fed change strategies and they were losing money, they were no longer. right now, that is one of those is losing. i'm sorry. and that is the conclusion of the lightning round !

(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. so you get unlimited data for just $30/mo, taxes and fees included. plus we have a new plan with 5g ultra wideband. switch today at visible dot com. ♪ ♪ i was having relationship issues with my old bank. it was just take, take, take. so i moved to sofi checking and savings. get 2.00% interest, and earn up to $300 when you set up direct deposit. sofi. get your money right.

ios 8 beware of the front page of the newspaper not just the business section. bad news, it can come from anywhere. that i just plain didn't see it coming. left by the u.s. government have left field and crackdown on semiconductor companies. now this is been one of my favorite stocks for years. i even renamed my dog fw not that long ago, we sold some stock of the travel trust and a 500% gain was tough to part with. they are the best there is but maybe that's what did the men. it turns out the chips are so

great that the u.s. government now treats selling them to china as a national security risk. this new policy protects andy as well. it's a lot more damaging to nvidia . this is a real catch to situation. we like nvidia because it is the best in the business but that the very reason our government is restricting the sales and china. no wonder the stock plunge to 52-week low. in fact, i should've seen the company. we've got a new code word with china. anyone who thought the china american relations would improve under biden has been dead wrong. the chinese republic is now the second most powerful country in the planet and they want to throw their weight around. in particular, they want taiwan which is recognized by the world as part of china even as it effective independent government is an important u.s. ally. one house speaker nancy pelosi led a congressional delegation

to taiwan a month ago, our government had to know that was a member for just ash caused the chinese to illustrate what they could do to taiwan. at this point, that tension between our government and china is higher than it's been at any point since 50 years ago. not quite as bad as the korean war but the biggest movie in china happens we both agree more. how can i have not seen this? of course our government would start flipping sections and comedies for doing business with china or certainly with entities connected to the chinese military. even if they thought it was, why did i miss it? i was to enamored with they just

reported how much worse quarter for nvidia. i wasn't thinking about a one two punch. now, what do you do? i think the ceo will bear down and come up with something that helps the u.s. government and the client. it won't happen overnight. the semiconductor group is so hated. if you have to own a chip, i would rather have it with on the which has less china exposure. full circles, our government now views china in a new cold war where commerce is front and center. if you are the u.s. government, you have to show that you can't enjoy while boosting our biggest geopolitical rival. all i can tell you is if your company is relying on channel

to make the products go forward and if there even marginally related to national security, then you need to be prepared for an unpleasant surprise just like nvidia got today . in less than a week into the quarter am a terrible quarter. i like to say i would promise to find it all now it is up to the judge as the doj and the former president -- i'm tyler matheson in for shepard smith. this is the news on cnbc. showed him in a florida court room as the former president makes his case to the judge. tonight, which legal argument won the day? a prime time presidential address. the topic? the soul of america. the backdrop? independence hall in philadelph