go with waste management dumpsters. >> target is breaking down on that event level and think this has another 20 points to the down side. target. >> seeou y back here tomorrow my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica from san francisco. other people want to make friends, i'm just trying to make you some money my job not just to entertain, educate, teach, put this perspective. call me 1800-743-cnbc or tweet me @jimcramer. land 0 lakes better, about 5

last year and 6.25 scott schalman up homes up 19% two years in a row. did i pay $400 for a tie last year that cost me $800 used cars 8% gain. don't get me started on the price of flank steak or crab there is that stock market two years ago, s&p 500 traded at 3,320 and now 3,355 and s&p tumbled and the nasdaq lo lost .95%. why don't we throw in crypto currency two years ago bitcoin 10,860 now they're at 19,000 and 1,350 respectively you're still up way too much for something that may just turn out to be for fun. i know that's a crazy amount on a shopping list.

a group of items that makes absolutely no sense to put together unless they issue the fed chief. if you run the federal reserve, you want the prices back to where they were. you don't care that bitcoin ran to 69,000 last year now it's been more than cut in half, much more you don't care the average stock is down 40%. we have nvidia and salesforce. from 311 to under 150. i know that is just merciless but the fed doesn't care these tech stocks, tech stocks are just like packages of cream cheese or crates of eggs or a new shingled roof. what do they have in common? assets, assets that are too high on the eve of one of the feds. a meeting that says fed chief jay powell had it. he will not tolerate another day we get surprised by ever rising prices at walmart or home depot or albertsons or auto nation or

yes, the new york stock exchange he doesn't want to hear that ford just paid a billion dollars more in cost for supplies. he's not gratified the stock lost money he doesn't want to hear eggs are up and butter up 25% what if ford stock fell 12% today. used to be single digits powell is done he thinks he's been a pass he has but he thinks he has. he's done being beaten by higher prices wherever he looks, he's sick of wage increases that couldn't keep up with prices anyway so you have to bring the prices down. i know it's not an encouraging story for the stock march ted but the federal reserve is due a mandate. given that we have historically low unemployment and historically high inflation, powell will bring the pain no bringer for him a lot of people feel stocks are collateral damage. that is just not true. there is nothing collateral about it stocks represent purchasing power. you can sell them and use that

money to buy stuff the fed needs people to have less purchasing power to stamp out inflation. they don't want you buying a boat or fixing up your home or go out for expensive mail. they want people to defer the purchases, let the supply chain rebuilt itself and force some retirees back into the work force. that will help fix the labor shortage, get wages lower. powell wants people to think their homes are going down because there are too many homes and not just because thefed is choking off credit and they want you to hold the line on crypto prices because so many people have gotten burned by speculating and speculating itself involves the creation of money to bet with. again, the opposite of what he wants. he wants crypto down below 12,000 he wants it at 300 again now while it's true commodity prices will come down from their highs and that's definite. much like stocks that doesn't mean a thing to powell right now because they can pop back up in a heart beat if he doesn't get that wage inflation down

that's killing him that's the final frontier. the fed will keep hitting the brakes on the economy until the labor market cools down. every business person i know wants to find out where the heck their former workers have gone powell doesn't have that luxury. he's on a mission to force you wherever you are to get back into the office or at least to sign up. i know that sounds terrible. sounds horrible but it's his job to beat every kind of inflation especially wage inflation and that's the only way to do it you can't create more people that's what he means when he says pain ahead. all right. now some good news when you look at the prices, the basket of everything, stock is down more than host most of the assets we're talking about when the fed wants al assets down and creates a tsunami, stocks will lose value they can't stamp out inflation with stock prices going up i know this is a controversial view that i've been offering for the last couple weeks. most people hope that the fed can spare the price of salesforce or nvidia when they

drive down the cost of soda. the house playing grim reaper with their assets. i mean, without even realizing the wonders or the glory of crypto, doesn't he see what he's doing? your loss is powell's gain he may be further along than we think. he wants assets to go down more. sometimes you don't need to know the price of the dow you just need to know the price of kerry gold butter or a lennar three bedroom if they come down not just last year but two years ago, three years ago your stocks can maintain if not go higher. until then, we get sporadic rallies that tend to fail or stocks with positive catalyst but the bottom line is these gains will be mooted until cheerios are bogo and homes lose value the minute you get them. let go to miko in illinois.

>> caller: jimmy, jimmy, we got a big boo-yah for you here in chicago. how are you? >> i love that i'll visit chicago in october. can't wait one of my favorite cities. how can i help you >> caller: bristol myers i'm thinking of lowering my cost average basis a little bit what's your take on the company -- >> i like bristol myers. at 67, that's the level that i've been looking at it's a good one. how about jeremy in pennsylvania, jeremy >> caller: boo-yah jim jeremy from pennsylvania. >> what's going on >> caller: shoutout to my friends doing missionariry work in the u.s. and abroad. >> absolutely. >> caller: ups with fedex's recent guidance with multiple industries from shipping to paper and ups says their guidance is good for this year, but they have union contracts expiring at the end of this year love them or hate them, the

railroads have recently reminded us unions are big and strong due to inflation and ups fighting to prepare for market stagflation -- >> you got it right. jeremy has horse sense ups has come down a great deal in connecjunction with the interview with fedex but can fall further let go to chris in florida, chris. >> caller: yes, boo-yah jim, how are you? >> boo-yah i am well. how about you? >> caller: great first off, thanks for making us all better investors in this crazy bananas market. >> thank you >> caller: my stock is disney. they -- >> okay. i think disney is a travel trust name boy, i still love the club more than ever because this is the kind of thing where the club gets tough but i think that disney can go down a little more when i talk with jeff marks with our next supply under 100 even though i hope it doesn't get there. listen, your loss at this

moment, maybe soon but right now, is powell's gain. on "mad money" tonight, fresh off the gtc conference, i'm learning more what is happening ahead for nvidia with the modern day da vinchi and johnson & johnson cut the ribbon and tree force kicked off today so heading down the street to check in with cofounder and co-ceo marc benioff to learn more about that so stay with cramer. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer #madtweets send jim an email to madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com.

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just $30 a line. innovation is not exclusive to the tech sector johnson & johnson, the 136-year-old health care colossus opened a new campus in san francisco bringing together the drug rnd unit and technology divisions. since we're out here, we got a chance to attend the opening, yes, opening day and speak with joaquin, the new ceo of johnson & johnson. take a look. joaquin, first, congratulations to be the eighth ceo of an iconic company it must feel great. >> thank you, feels good to be the eighth ceo of johnson & johnson, the first one not jewish born and it's great accomplishment after working in the company for more than 30 years. it's a privilege to be able to

lead such an iconic company with such a group of dedicated employees. >> excellent where are geographically, this a new place for j&j. >> exactly this is -- today is the opening of our new center here in san francisco. we have about 400 people here in this building and the unique thing about this building is that we are relocating experts in biology, chemistry and expert in technology, data science, artificial intelligence, machine learning, all of them working together in position of medicine, in combination of medical devices, in cutting edge therapy. it really, jim, the future of medicine this is the future of medicine this combination of science and technology, it's going to help us advance medicine more in this decade that we have done in the last 100 years

it's an exciting moment for johnson & johnson and thank you for being here. >> that's a bold claim what is going on here that makes you so confident that there can be so much happening so fast >> two ways. one is what we are doing in the way we are developing and discovering new medicines. >> okay. >> and the other one is the way we are incorporating technology into medical devices now we have medical devices, we call it medical technology met trick. when it comes to developing new medicines, our ability to process hundreds of millions of data points make us much smarter and faster when it comes to identifying the right targets for our medicines when we are designing our molecules to affect those targets and when we are planning our development all that makes us much more productive and it helps us in shortening the discovery and the early development times. on the med tech side, all the

medical devices, everything from an endo cutter, all of them will become smarter and be able to have sensors, they have visualization, they can upload data and provide information realtime to the surgeon in the operating room to improve surgical outcome i'm convinced technology with science and engineering is going to make advanced medicine and surgery in a very meaningful way. >> i'm looking at the company too old fashioned. when you announced the split and i like the split because consumer products as much as terrific brands doesn't grow as fast i said why didn't they split up med tech it's simple and then do fapharma med tech is integrated with phrarm and won't be pro se anymore. >> absolutely. first, i'm so excited about being able to create two new global champions one is the consumer health

company with the iconic brands that you have come to known, tyl tylenol, motrin, to create the global consumer champion we have appointed the ceo, the chairman, we are about to unveil the name before the end of the year. >> here you should unveil? >> here, no. >> you always try to get a scoop. >> and then next year by the end of the year, we'll have a public market exit. so everything is going right in creating these new global consumer champion but as important, we're working to create the new johnson & johnson, more competitive, faster, leaner. they are the same business when you think about oncology, normally that is a surgical and pharmaceutical intervention and card vascular, pharmaceutical and pharmacy intervention. the medicine will be a combination of bio pharmaceutical and that's where johnson & johnson will play in

that intersection. that's why it makes sense to keep med tech and pharmaceuticals together let me give you a simple example. >> sure. >> for example, you know we're market leading in contact lenses. >> right. >> accuview so we're launching anti histamine coated lenses so if you're a contact lens user and you have allergy, you can use these coated contact lenses. >> can i get them -- i take zyrtec and i have your contact lenses so i could get rid of the pill >> yeah. >> i have to cover this issue that was yesterday there was an argument in front of court about it because i spoke with this extensively wit your predecessor there was a very important ruling from new jersey but a judge that said that the system you want to do in order to be able to make it so that your company continues to thrive because there are so many people and yet, people get the lottery game ends, i thought it was a

very smart decision but then again, i'm bias because my travel trust has a very big position at j&j. is this something that you feel can hold up given the fact that the system right now is broken >> when it comes to the legal situations, we try to consider the facts and circumstance of every case and like in this case, we're trying to look for a fair and equatable solution for all parties so we think the path we're in, it's going to provide a fair and equatable solution for all parties and most importantly, jim, instead of talking legal, maybe we can talk more about what we do better, which is what you're here, developing medical pharmaceuticals. that's what you know how to do and where i want to dedicate my time. >> i think you should. you're a great american company. we want great american companies to do the right thing. let me ask you about something you've developed because your company is not a hype artist

can you please talk about the pill for prostate cancer because this is breakthrough and a lot of people don't know about it. >> prostate cancer, oncology is our core of research and we think oncology prostate cancer is a key of research for us. so we've worked with different medicines that suppress the production of androgens to launch two breakthrough me medi medicines. our initial indications were in advanced forms of prostate cancer and we're moving upstream into earlier stages of prostate cancer if we're able to impact at an area stage, we're going to increase the prognosis of the patient. >> do you think people know about this >> they should be. they should be because i think oncologists are aware of that and the more people test, the more people control the psa, the more a diagnosis is going to have a better prognosis we'll have. we are not stopping with these pills. we're also applying new

treatment modalities like self-therapy to be able to come up with new therapies for prostate cancer that are now in development. so prostate cancer for us, our goal there, jim is to make prostate cancer a treatable disease. >> i think you're much closer. i think it's incredible what you're doing and you don't take credit because that's not j&j's way and that's one of the reasons we love j&j. i am so proud that you got this job and that you let me enter you you right up front joaquin, the now ceo of johnson & johnson. >> pleasure to be here where the future of medicine lies. coming up, what's the plan to get nvidia back in chip shape? cramer gets a clear look at this company's vision for the future, next

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all right. why don't we deal with something like the stock of nvidia down 60% from the high last november. you know nvidia is one of my favorite chip makers because they design the best graphics cards on earth and those chips power everything from artificial intelligence to autonomous driving but nvidia has a ton of exposure to gaming which is experiencing a big slowdown and crypto currency mining that is going away even their data center business shows signs of slowing especially in china. doesn't help the federal government won't let them sell the most powerful chips used for a.i. to the chinese. i'm a big believer in nvidia long term. ist it's a power house all stocks do in the end have valuation issues if they haven't come down from where they were a couple years ago today nvidia held the gtc developer conference which came with a slew of new product announcements. i think they can tell long term story better than i can.

let's check in with the founder of visionary ceo of nvidia welcome back to "mad money." >> jim, great to see ya. >> okay. you unveiled some devices today that i think could reignite gaming, which we know has kind of gotten in a lull. can you explain how that's possible and what we will see when we get to use these chips >> several things. first, the gaming market, the end market is actually still good the last couple of quarters because we had so much inventory, we decided to reduce the sell into the channel of our existing products so that we could allow channel inventory to normalize before we launch our new generational product called ada. today we announced ada love

lal lace it is a brand-new architecture that introduces artificial intelligence into the computer graphics pipeline and as a result for just beautiful imagery and next generation of amazing graphics we'll deliver two tofour times more performance in ada. this will be a marvelous launch and the largest stepup we've had generationally i'm delighted to see that. >> i know you're working on breakthroughs with auto, high performance computing but i'm also kind of intrigued by the fact that you and i saw what the omniverse looked like and you have a company like lowes applying that realtime and real life and it's worth people knowing how companies are using. >> well, you know, everybody wants to bring more automation into their business. they want to bring automation into the way they work so that

the company could be faster and more agile and do amazing things and bring artificial intelligence into products and services omniverse was designed so companies whose products and services touched the physical world have a tool, have a virtual world where they could try their software, try their design, test their engineering before they deploy it into the physical world lowes, bmw, mercedes, gosh, so many companies around the world have jumped onto the omniverse for this reason because they want to be a.i. driven and software defined and for them to deliver physical products and services that interact with the physical world whether it's a car or it could be a fleet of delivery vehicles or autonomous robots in a warehouse or the entire warehouse and factory

where people and robots are working together, in order for them to build these type of systems and operate them at scale, they're going to need a new type of software platform to try their artificial intelligence software before they do that. >> i want to tie these things together gaming, we have a new platform a lot of people will write on. we're talking about terrific things in the metaverse. there were people using your chips for something you told me point blank, the mining is going to go away we do have this problem of inventory in the channel that's reduced basically we think as someone who you know my travel trust owns the stock, what do we do, what do people not see here, jensen, that is -- that allows for people to still sell it down 60% and i'm not asking you to speculate on the stock i'm asking you to speculate on the future and what people seem to be missing. >> well, the market is great and the gaming market is larger than

ever in fact, the overall gaming market grew 70% today relative to the before the pandemic so over the course of the last two and aket has grown 70%. so i think the market for gaming is fundamentally sound we had too much inventory as you recall coming into the year, the whole market was really, really vibrant and super high and the supply chain was super long and so we had a lot of inventory in the pipeline we are going to take two quarters, two and a half or so q 2, q 3, a little bit of q 4 to normalize our channel and the way to do that is to sell less into the channel than what is being sold out what is being sold out into the market is good the gaming market is solid the world's gaming market continues to be vibrant. we have absolutely no doubt that

when ada gets into the marketplace there is going to be a lot of gaming -- >> what we did -- you did warn twice and i want to tell people look, don't worry about the near term wait until you see what happens in 2023. am i being too aggressive? you can stop me here by saying jim, let's see what happens as opposed to jim you're really too fired up about what we have. >> i'm excited about what will happen leaving 20 -- this year and going into next year i'm really excited about that. the -- >> okay. >> the actions we're taking right now to clear the inventory in the channel to normalize the inventory in the channel is a good action, i'm glad we're taking and, you know, of course, that resulted in q 2 and q 3 being a lot lower than we originally

anticipated but the overall gaming market remains solid. with respect to atherium, i'm delighted about that the reason is we built these gpus for gamers and if you look at our overall graphics business, our overall graphics business used to be about pcs. that's top pcs we've added several more pillars to it. the notebook gaming marketplace is so large now and that segment is not affected by it at all we have cloud computer graphics. more and more of the clouds are able to serve pcs and serve workstations and stream games from the cloud and so that's another pillar and a brand-new pillar in full production is the omniverse, the server that is designed to simulate virtual world, simulate virtual warehouses like what amazon is doing with their warehouse, simulate virtual factories like

bmw and simulate virtual retail stores like lowes. you can take all of these places, i just gave you three examples and in those three examples, there are 50 companies around the world in each segment that are going to probably we really believe they will do the same so the computer we're building called ovx is ramping into production now and racing to reach the customers that are demanding it. >> we'll leave it at that. >> computer graphics -- >> i think what you got in the pipeline sounds tremendous but you know as someone who is a huge supporter of your company and your stock, it's been a little tough you know that. but it sounds like what you're giving us is going to make it let's say maybe like the old stock but we can't promise everything it does sound like you got this stuff in the arsenal to make it so people get excited again. i really feel that way. >> jim, it's been a little tough but we're coming back. >> all right let's leave it at that jensen -- >> i'm excited about that.

>> that's what we need nvidia's founder and ceo great keynote. everybody can look at it thank you for coming on the show. >> thanks a lot, jim okay "mad money" is back after the break. >> announcer: coming up, dream force returns to san francisco but cramer is not sleeping on what investors need, next.

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you see i love my phone. i would never switch to samsuuu... (gasping) ♪♪ i can't believe this happened we're back at the annual festival of technology hosted by salesforce maybe the market is through a meat grind and even though wall

street turned against the group, the software hasn't changed that much i say we check in with marc benioff to get a glimpse of the future right behind me welcome to "mad money." >> jim, this is exciting welcome to dream force we're so excited to have you this is like "mad money" between two firm's edition very cool. >> i can't believe it's happening. i know i'm supposed to stick to script and ask you how many people but there is something very unreal after this pandemic that this could be like it was a couple years ago. >> this is bigger than it's ever been we're totally sold out you can see lines around the block and everything is -- every session is completely filled and beyond my expectation and i think it's really evidence that the tech market certainly is alive and well and very healthy. >> i always tell people that this is a remarkable time for salesforce in terms of their business that you'd see people and you do deals i mean, i saw a really interesting deal, i saw what's

app down there from facebook anything can happen. >> anything can happen at dream force and usually does it's cool. i just walked through the show myself to asses how many people are here you want to know my biggest surprise these are a lot of people because salesforce did three huge acquisitions a lot of these people have never been to a dream force. this say family reunion. all seeing each other but a lot of people are like whoa, dream force, this is big this is the software industry of tech very biggest conference. >> my god. we'll speak with your co-ceo brett taylor he will talk about the integration of all these different ones and i think we saw adam last week out at -- when we were at amazon web services but these have been a little different still a little different from slack. it looks like now you've got a platform that works for all of you. >> everything is getting integrated into customer 360 and

our big customers who are here, you know, they want to connect with customers in a whole new way. it could be sales. it could be service. it could be marketing. it could be commerce it could be tableau. it could be slack. i can see -- does it feel like we're in a -- >> slack in particular. >> like we're in mountain mountain in disney. >> i like disney they should do more work with you. they have customer 360. >> a disney store runs on sale salesforce. >> okay. we need that stock higher. slack, slack -- >> the stock higher. [ laughter ] >> we do need every stock higher slack when you bought it is different from slack now. >> of course slack is everywhere. is a lot of that always in the pipe whether you knew when you bought it or discovering amazing things >> we're growing slack and investing and innovating and integrating into our customer 360 so it becomes a front end to the platform services and here, what you're seeing is two or three exciting things. one is now you're in a stock channel, boom, all of your audio

and video is instantly inside slack, two quipp a separate product, office products integrated into slack and slack is the front end to customer 360 so our customers, a lot of them never have seen slack before this will be the first time for them to really see how slack works with salesforce. >> i saw someone the other day that tells me the company is slowing and that's why the stock is down. i said well, you know, the stock market is down, right? there isn't anything about the business that i find is -- >> we did 26 billion last year and i think we're doing 31 billion this year. so that's significant growth at scale. >> jay powell wants asset class down. >> there are so many things happening in the market between currencies and the recession or the -- >> we just pushed -- >> or the pandemic you know, all of these things that you're kind of navigating many forces. >> we need a genie. >> we're very excited to have an

incredible new platform, salesforce genie, intelligence first time and also this incredible automation and this is what customers want to build. they want to be the next generation applications that integrate these services. >> it's exciting, mark. >> it is. >> i'm kind of sick of hearing about the market. >> exciting is that we're back. >> yes, yes, i think we have to rejoice over the fact that we can have -- >> right. >> yes, the stock is where it is all right? >> sure. >> this is where we are. >> we never really talked about the stock anyway we should be talking about the market and looking at people and the level of buying interest and how excited they are and what they're doing with the products and competitiveness. because we focused on customer success for a quarter century now, you probably saw this quarter we did about 7.7 billion, you know, a lot of esteem for sap we're the largest enterprise apps company in the world. that's amazing that's not where we were when we

met you in 2008. >> no, no, you're like this and maybe like that. here is one i want i want to be involved in a net zero marketplace how do i do that >> this is very important to us. we're trying to get the whole world to be net zero we're emitting too many emissions. number two is we need to reforest we need to regenerate our planet we need to be nature positive and we need to fuel -- yes, we need to fuel for a revolution, one, two, three. these three things are really critical and salesforce, we take that seriously that's why we're net zero today. that's why we started 1 trillion trees. you have spoken about that. >> your birthday. >> trees for my birthday. >> give you a 25 year bottle of scotch and you got 25,000 trees. >> i appreciated the scotch and trees, thank you for that. number three is all these amazing entrepreneurs like me but going into these environmental businesses and i think these things are very

exciting that we're seeing growth and action and intensity in this world and we all need to be doing something here at the show we're introducing net zero cloud but also our net zero marketplace and even time, which you know, that iintroducing co 2.com to go net zero now, boom. >> is it connected to intuit. >> it has to be connected to everything. >> who does that you don't have the money to do it if you're a small business. >> for small businesses, they're going to need tools that have the intelligence to assess exactly where they are in emissions and help them to have relationships with everybody from technology to well, the kind of restoration we need not planet to be able to go net zero it's a key part of the story. >> time left is it china slowing its bad. is it the incredible horrible war putin is doing in ukraine? is it the federal reserve? who is making it so everything

is not as good as it was >> if it's not one thing, it's always your mother. >> but -- >> i have my mother here she said keep going, keep positive and focused because the world has challenges and we're coming out of a pandemic, pandemics create challenges. i especially have been reading the work of neal ferguson and how he lays it all out and you know what? i agree. we have to keep going forward and build these markets, get people back together build technologies, do what is right and connect with your customer be customer first. that's what matters. >> can it be better business-wise than this year. >> i think so. >> i'm looking into the eyes of the people behind us i'm more inspired than ever. i think the business is more exciting than ever but we need something like this. >> you're still -- >> demand generation we need a new demand generation. we need to have -- enterprise

software is al lot of very much hand to hand combat where you have to see the customer and talk to each other to reinforce your product's worth it's two things, not just one. that's a key part of our selling strategy for 25 years. the second part is not as easy we're just getting this back now. >> i will say this this is the best you have looked and talked in two years. >> i've never seen anything like this this is the most excited i've ever been. number one, i'm happy to be back but number two, i'm looking into the eyes and hearts and souls of the people who are here and i'm like wow, this is all working. this is incredible. >> marc benioff, chair and co-ceo great to be back. >> great to be back with you jim. thanks for coming back to san francisco and dream force, boom. >> "mad money" is back after the break. >> announcer: coming up, cramer takes your calls and the sky is the limit. it's a fast fire lightening round, next.

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the sound and then the lightening round is over are you ready ski daddy. start with joey in new york, joey. >> caller: hey, jim, good evening. thanks for taking my call. >> of course, what's going on, man? >> caller: yeah, i'm calling about ticker cert. i'm been following the company since the ipo two years ago. >> okay. >> caller: kind of a mixed bag, stock -- >> not bad they're not bad. they actually don't lose money and they have a kind of interesting product portfolio. great spac i usually don't say that how about adrian in florida, adrian >> caller: boo-yah >> whoa. >> caller: passing for college and have a question for you. >> sure. >> caller: i want to invest in crypto ke crypto currency but don't understand it. what do you think about investing in coin base >> no. you want a company with good

growth that is not crimerikle. google that one. ken in arizona. >> caller: how are you today >> doing just fine, ken, how about you. >> caller: i'm fantastic thanks for having me on the lightening round i'm interested in mlco. >> you get what you pay for. the $6 stock is on the idea covid will be beaten but i do not like the gambling group because it's a house of pain for members of the investing club. let's go to john in new jersey, my home state, john. >> caller: hey, jim, how are you doing? >> not bad not bad, how are you >> caller: good. thank you. i just want you to tell me what do you think about the spinoff of gsk. >> i mean, the spinoff is awful. they did a terrible job and now both are bad and frankly, that company needs -- company is ill

adv advised. that's something i like to say when i don't like it peter in pennsylvania, peter >> caller: yes, jim. first i want to thank you for helping me fund my grandchildren's 529. >> that's what i'm trying to do. trying to keep our heads in the game until things get better what's up? >> caller: that's right. i've seen commercials for sketchers, skx where people can slip into shoes without bending. this looks really good for people with back problems. >> well, it is but you know what it's not enough -- it's not enough to change the direction the stock is erratic and has been for quite sometime. i say we go to nick in new jersey, nick >> caller: boo-yah, jim. nick, thanks for having me on. >> my pleasure what's going on? >> caller: well, i'm calling about cricket inc, ticker crct 14 consecutive quarters of profitable growth. $230 million in cash zero debt. steady eddie loves it. i love it. what do you think? >> i think it's still too high

those stocks tend to be about ten and would put the stock down lower. for $8, i'll take the speculation and that, ladies and gentlemen, is the conclusion of the lightning round. >> announcer: the lightning round is sponsored by t.d. ameritrade coming up, cramer is at the seat of innovation so why is he lulung hungry to talk about the two-year treasury? word is bond word is bond next hey professor, subscriptions are down but that's only an estimated 15% of their valuation. do you think the market is overreacting? how'd you know that? the company profilin thinkor. yes, i love you!! please ignore that. td ameritrade. award-winning customer service that has your back.

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we're out here in san francisco interviewing some of the smartest ceos in the world but as great as they are, they're not in control of their own destiny and i can't get an interview with the thing that sees the wheel that's the two-year treasury i want to ask what's the deal? why does it keep going down in price and up in yield to the point where your rates are put in every other asset to shame? the two-year treasury note isn't a public company and doesn't have a ceo, it's defining the action every bit of the market's direction. we're helpless to a treasury note that won't stop going down in value remember, when bonds go down in price, it like what dividend stocks go down, the yield gets bigger the difference is when you buy a stock and it goes down pushing the yield higher, you'll probably lose a lot of money if the dividend ultimately gets

cut. like that of att buying the treasurygoing down you'll be made whole because you get your money back when the bond is due guaranteed by the full faith and credit of the u.s. government which still means something so why do i want to interview the two-year? it's metaphor. i want to know why so many people are buying this piece of paper, one of the least speculative assets out there rather than picking stocks that have come down huge from their highs. aren't we supposed to be drawn to bargains? don't stocks get cheaper and go down it might be based on fear. anyone that bought stocks this year or at this point last year, gee, they have fallen so much is burned repeatedly and now they're afraid to touch the whole asset class applause with the two-year yielding nearly 4% thanks is a descent return considering the money-back guarantee. certainly what else is worth asking about i want to know about the sellers

if the two-year is so darn attractive like i said, why do people keep selling it causing it to sink in place? there is nothing else that gaivs you a safe 4% yield. you'd sell the two year if you think the fed is going to keep raising rates and raising rates and raising rates or you'll regret locking in such a low level the 4% yield for two years because if you wait a little longer, maybe you'll get 5% from having cash. maybe 8% if jay powell goes nuclear. people keep selling the two-year because you're a sucker for taking 4% when yields could be headed much, much higher you think that's crazy when i got into this business, inflation was raging double digits and you could lock in 14%. buying the 30-year in the early '80s was one of the best investments of our lifetimes will it happen again i think the bond sellers are betting the fed will hit us with a 75-basis rate point hike with

promises of larger hikes if inflation remains stub bborn and that would be ugly but sellers have a pretty good track record, certainly better than the buyers i like to say there is always a bull market somewhere and i promise to try to find it for you here on "mad money." i'm jim starts now hurricane fiona now a major category 3 storm and strengthening. i'm shepard smith. this is the news on cnbc flooding reseeds in puerto rico leaving catastrophic damage and most residents in the dark. >> around. >> the victims' plight and where the storm's headed the migrant flights to martha's vineyard, now the subject of a criminal investigation. >> somebody came from out of state and preyed upon these people, lured them with promises of a better life >> what coul