things netflix. >> steve >> darden restaurants. this one's going to be volatile for the next couple of days. use the 131 level to buy >> if only i had a whistle we'll see you back here tomorrow at 50.:0 "mad money with jim cramer" starts now. my mission is simple, to make you money i'm here to level the playing field for all invest to investos 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 a special san francisco edition of cramerica other people want to make friends, i'm just trying to save you some money my job to entertain but put this in context call me or tweet me @jimcramer look, the market got crushed

today. the dow tumbling and s&p tumbling and nasdaq nosediving 1.79%. why? another 75 basis point rate hike from the fed jay powell is more or less saying he'll do whatever it takes to beat inflation. we'll be done when we are done it's going to cause some pain in your pocket but until the help wanted signs come down, until savings are diminished and housing prices cool and supply and demand get in balance, he fears correctly, i think, that we will be ravaged down the road it's kind of pay now or never. those words may sound harsh, but they'll be soothing later on we don't know when once the fed's job is done. po powell's tough on inflation stance will be good longer term which is why tech stocks did bounce in response that was a thoughtful response but the whole market rolled over driven by shorter term rallies by the fed mandated recession we

talked about every night paul i powell is creating long-term wealth persistently high inflation is much worse for the stock market and almost any other asset class and you. it's just bad for you. what matters, though, we're living in jay powell's head right now. obviously, nobody wants to lose money because of the fed but powell knows you can lose money in two ways. you can lose it now as we've been doing in this incredibly awful market or see the value of the holdings erode gradual over time because of inflation. we have a few years of high single digit inflation as we have now the buying power of the dollar will be dramatically reduced versus where it is now powell is bringing the pain now in order to stop that from happening so let me play with an open hand. as someone that lived through the 70s, i stay with powell. i don't want my life savings or your life savings to be eaten up by inflation cramer, what does it mean to you? you saved a lot of money that's true. but it doesn't make it wrong

no matter how much you have, it will be worthles less in a worlo embedded inflation that's a fact. a historical fact. there is no reason why inflation went up. powell doesn't want to bet on whether he can be the first central banker ever to break that pattern he refuses to roll the dice so he's punishing us now to save us from financial purgeroblems lat on powell vows to stay tough until the job is done. there is a short term camp and we saw them in action today. he's worried he'll slow the economy too hard to throw many people out of work in the process and really crush earnings he may over shoot and cause a recession. he had collateral damage from inflated wages these people sold stocks into the bell betting we open down big tomorrow we were upright after the different q and a. that's what powell has to put himself through. remember, we're in powell's head

and he's thinking we have too many jobs and too few workers. that's what is causing relentless wage inflation and central bankers worry about wage inflation because it's sticky and spreads throughout the system powell can't create new workers but make fewer job openings but raising rates where they cancel plans and hit with significant layoffs. given he's keeping rates raising -- continue to raise rates, but you know what despite what these people did with q and a, it's pointless to ask when this will be done it will be done when it's done it will be done when the help wanted signs are replaced with no help needed signs or now leasing signs. powell isn't worried he'll hurt the stock market with tough talk not at all if anything, he's worried stocks are too high as people have lots of money left from covid transfers from the government. he wants you to deplete your savings to force more people back to work you may think this is a brutal way to beat inflation. it is. it's the only tool the fed has in the arsenal to do the job

when the news breaks, the short term camp runs and buys the recession stocks today was a good day for it. general mills reported an amazing number and the stock went higher but the staple stocks went higher over time in the day because money managers believe powell can't beat the inflation. you'll hear that for days on end. i said it to you it's what you will hear. the camp predominant today will have multiple days they doubt powell at every turn, they will bet he'll over shoot they think he's not any good at his job but let's talk on the second camp, the silent majority after a class sic piece, the silent majority believes powell needs to do this every time we go to the supermarket, things have gone up in price the silent majority wants to be able to buy a house at a reasonable price without having a bittindding war. powell needs to act now. the silent majority doesn't ever want to lose money

nobody does. they're watching stocks bounce and get slaughtered but the short termers realize powell is making it harder for them to make money i don't blame the short term gun slingers the cuts are definitely coming and when the s&p gets cut, what happens? stock goes down. the prices of stocks are as visible as the scores on a scoreboard today you lost because of powell's actions the short termers think over the next few days this will become more and more evident so they want to avoid the powell inflicted pain now i understand it but i disagree longer term. i am with the silent majority on this one even as i was not with them during the nixon regime i believe that not only has commodity inflation peaked, we'll see housing peak and have too many homes with too few buyers if you didn't have to live in your house and if moving wasn't a nightmare, powell makes you feel like sell now and buy back later at a lower price that's right he makes me want to short my own house tonight, housing prices

are big year over year powell didn't want to hear that. he makes me feel like buying stocks that are coming down hard because he's so hawkish i have to believe he'll get wage inflation under control faster than people realize, not because we're going into a recession but we'll definitely have a long slowdown where every business has to adjust. the short term camp is people that can't handle pain or don't believe in powell and want to get ahead of others that think it will really come down the larger camp, including me, knows powell's methods are serious and until it's clear the inflation giant is slain and will start moving up again mr. powell scorched savings now because i know they will be worth more later the shorter terms don't care they act out of fear they're stocks closed at the lowest levels of june. they always scored first al always bottom line, powell will win the game and we'll be on the field and the short termers will be at the bottom of the standings if

at all let's take calls if we go to kevin in florida kevin? >> caller: hey, how are you doing, jim >> doing well, kevin how about you? >> caller: i'm doing just fine, thank you. i'm so glad you allowed me on your show because i've got a couple questions for you. >> sure. >> caller: i appreciate the knowledge you give to others. >> thank you. >> caller: you're more than welcome. me and my sweetie watch you every night. >> thank you doing my best here tough, tough year. what's up? >> caller: look, this is what the deal is. i got a question about eli lilly and company and just for the record, i worked there in new product clients and sales and so i seen you had ricks on, david ricks -- >> yes, he's been on a couple times. look, let me just tell ya, this is a big holding for my charitable trust we almost decided to buy more

now. we do fear the drug stocks can go lower because it's a high price earnings but i think the future for lily isi is unbeliev. i know you work there. hold on to it if you got stock and buy more when it breaks into the 280s it may do that because this market is bad. thank you for the kind words because this is one tough job i got now. let's go to tyler in california, tyler? >> caller: big boo-yah from california, jim, how are you doing? >> i'm looking for you i don't see ya i'm sure you're here what's up? >> caller: i'm looking at the charts for the potential bear market plays i want to know if you think this is a bottom on ticker er kr, kroger. >> doing a fantastic job i think the bottom is in hand but the chart is so bad people keep selling and selling and selling. let's say 43 how about that i think powell wins the game i feel very alone right now. very alone but i don't care because when he does, we will be

on the field and the short termers will be at the bottom of the standings if they're on there at all on "mad money" tonight, sky works solution jumps higher. could it be the solution to your portfolio? i'm checking with the ceo and the semi conductor space is one of the most watched and hated sectors in this market so where is marvel technology stand i'll talk to the top brass and salesforce held investor day a whole host of met trrics we g to find out more about we'll sit down with brent taylor 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 "mad money" at cnbc.com or give us a call at

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tonight, we're trying to get to the bottom of the general semi space sky works solutions which makes radio frequency chips for smart phones, aerospace, autos, the internet of things and a host of industries thanks to heavy investment they seen the earnings sore. numbers look good. good in a lot of plants in the united states. yet, this stock is down more than 35% for the year. it's trading at just nine times earnings that's because it's going out of style. you know what i say, apple

supplier they diversified in great deal in recent years and the last quarter was solid. i liked it earlier today we got a chance to check in with the chairman and ceo of sky works solutions to get a better read on the story and the group so take a look william, hard to imagine a semi conductor company actually being under valued on traditional met tr -- metrics. that's not the case with your company. >> 100%. it's a unique solution at sky works. look at the business and valuation, we're turning eight times earnings that's unprecedented for a company like sky works and the backdrop from 2020 to 2022 we'll move revenue from 3.3 billion to roughly 5.5 billion this year. so incredible performance fund mentally but we've got to get our investors back on track. >> i hear this and say wait a second, there has to be some sort of fall or they wouldn't be

trading where they are. >> right so our thesis here about demand being destructed and under weight we find ways to grow, jim. we're going to find ways to continue to grow our portfolio is expanding our broad market business is at 40% now versus 20%. >> let me explain that for people we want people to understand. >> exactly. >> really important. >> broad market is our diversified portfolio x mobile mobile is big, too. >> you have a large customer that people know is crushing it and that's a blessing, not a curse to have them. >> absolutely. >> you've done much. i followed the company from days it was spun out. you did much to make it so that one customer is not what this company is. >> correct correct. we have a phenomenal position with the largest customer and we learn together but the diversification theme is really coming around right now.

automotive business, we'll do 200, 300 million this next 12 months data center opportunities. getting into deep iot plays for connected -- iot, where connectivity is vital and kr crucial and makes the market go. there is a lot of revenue for us to capture but along the way, we want to unlock valuation and really bring that shareholder value back. >> one of the things you talked about, one of the conferences was that good, i felt they got a lot of devices but you said no, we're a technology company not a device company explain to people why that is different. >> very important. i'm glad you brought that up if you think about what we do at sky works, we're a company that delivers high speed, high performance, low latency data. that can be populated in so many applications it could be in a sport phone it could be an automobile. it could be a data center.

all of these applications are targets for sky works and we're already delivering the solutions. there is a lot more to build off with the other markets beyond mobile. >> if things got lost when you bought some of the silicon labs, which i thought was great. okay it was what drops in the either. talk aboutwhat you have done with that because that was not an important business for them it sure is working for you. >> an outstanding acquisition. if you look at the business, we're very, very picky when it comes to deals in mna. that's the culture of sky works and myself this transaction with the business has been a home run great technical talent great people in a roster of wide ranging technologies so what we're doing, jim, is taking those technologies and bringing them some of our biggest customers to take that scale, great technology now but if we can take that more broadly, leveraging the sky works brand, it's going to be an amazing opportunity. we're already seeing that today in the numbers. >> let's speak broadly about

cell phones. there was such buzz around 5g. i saw t mobile the other day i'm excited about 5g and what it can do versus cable. things -- it's pretty close to a boom, isn't it nobody talks about it. >> exactly i'm glad you brought that up, as well the reality is mobility is so essential and think about 5g as a technology vector. it's a technology connector. it can go to the automobile. it can go to data center and iot. even industrial markets so there are so many end markets where our technology is vital and essential beyond the classic mobile phone so that is the theme that we're working on and broadening the customer base along the way. >> you and i are football fans and we talk about it we both know our devices are in many ways better than our tvs at home and that a lot of that is intellectual property of yours. >> correct

absolutely it's about delivering bits and bites quickly with low latency and low lag time we look at things like a.i. and v.r. and the metaverse, those are real applications -- >> what's up, a lot of people feel the metaverse is the creation of a couple people to get something people not thinking about instagram slowdown, not thinking about facebook but it's real, right? i mean, there are commercial applications. >> 100% and we see it even with kids my son's great little athlete but likes to play roblox on the side which is funny. the metaverse can be whatever you want it to be. that's another version of where we can take the technology and it's all about ai and connectivity >> he was saying jim, metaverse is not just facebook metaverse is for real and happens to be if you were younger you would know what metaverse is i'll circle back dividend increases, consistent share repurchases, yet, somehow

if you're pure industrial it would matter more than it does because you're a growth company. i don't understand that. >> well, i think the market continues to discount the mobile side it just does and quite frankly, you know, it doesn't make much sense to us because if you look at what happens in the world today, connectivity is critical and go back to what i said before 5g is a technology it's not a product it's a technology vector it can unwire markets. you mentioned cable. that stuff will be gone. streaming, streaming tv. all of those things are delivered by way of high speed connectivity that's the stuff we do. >> absolutely. well, look, okay, i'm glad we talked about these things. i have not understood and know for a long time i've not understood the multiple -- sometimes when you get people in person and not doing zoom, i think people gets across to people exactly how inexpensive your stock is. that's liam griffin, the ceo and president and chairman of sky works solutions. thank you so much. >> thanks, jim. >> great to see you in person.

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our custom fit orthotics use foot mapping technology to give you personalized support, for all-day pain relief. find your relief in store or online. tough day. got to remember some are worse than others. wall street has totally turned against the semi conductor space thanks to a slowdown in electronics and enterprise tech spending but not all chip makers are created equal. take marvel technology, hey, here is a stock that's been cut in half from its highs last year despite the fact the end markets are much more robust unfortunately, when marvell reported, numbers in line and missed estimates, supply c

constraints. they were more upbeat about the year in response, the stock is clobbered to a point it sells less than 17 times next year's earning ea's east mitts. take a look. i never do this. august 25th you had a conference call and i thought it was great. i looked at the numbers separate i like to look at the numbers before i hear the conference call to see what i think i thought they were terrific and yet, you scared me on the call and worried me because you predicted things could get worse. i want a doov over. the negativity come through and are you as still concerned that things may not go well >> got ya. we were -- too bad you heard the call that way. actually, we were quite positive in the call if you think about

the outlook for the third quarter. mid point of the guidance was up year over year in the second quarter and third quarter we guided growing faster than revenues and we actually said also that, you know, the growth drivers that marvell has and cloud, 5g and automotive were three of the best opportunities in all of semi conductors. >> absolutely. twice you said declines sequentially, sequential decline and supply constraints and churn and then you corrected and said on prem and you know my travel trust owns it and i thought it was a terrific quarter i'm addressing concerns you raised i didn't feel were anything other than what a good executive rate it is. >> yeah, i think the way that we have actually built this company is we put all weather tires on this company. >> okay. >> okay? so the diversification that we have in our end markets, the

number of product lines that we have now, you know, all the acquisitions done were very diversified company. even though some of those subsesubseg subs subsegments like enterprise, you have to drill down down sequential. but yet, overall, we said the company is actually up sequentially so enterprise is an example, enterprise networking up very strongly sequentially. this is like double digits plus. >> right that's why i thought that people would react not down, 10% which is what the stock did. up 4 or 5%, that's what we thought for the bulls putting it out. we thought we'd be up five this is amazing. it's a juggernaut. there were comments every executive should make no matter what we saw with fedex last week i wanted to be sure looking you in the eye and say, i believe things are better and you're saying >> absolutely. i mean, if you -- again, what we

changed a year and a half ago is the way report storage, networking, other okay then people really wanted to know what is going on in data center and automotive? you can go through the end markets. we drifted that after we acquired it and that provided a lot of transparency to investors but i said to everybody up front and i've been on this journey before in the transition from reporting product segments to market segments, it's great for transparency but it's especially in supply constrained environment. it's really difficult to land the plane every quarter by every end market. >> i thought you got two -- there was too much drill down on you for supply constraint. at one point in one of the many conferences you spent, an analyst said how come your supply constraint and

everybody's not? >> we were ahead of the curve on that one. >> right. >> we called it out. i think also our performance over this cycle has been very consistent we've had sequential revenue growth for like two years straight now very consistent increases in earnings per share revenue growth operating margin expansion we never had the huge, huge beats and we never had the huge, huge misses. that's what i meant earlier but all weather tires. what we're trying to do, jim, in the business we're in, we're infrastructure focussed. our -- >> consumer. >> our consumer is 10%. >> right. >> consumer is what dinged everybody and did not ding you. >> because exposure is low. >> right i want people to understand -- >> so the market -- right, the end markets are really -- they have a big determination on a company's performance. >> right. >> especially in a cycle like this. >> a big automotive deal tomorrow and you know, very positive on his own business

you have a pristine fabulous automotive business. how is that doing? >> phenomenal. in the most recent quarter that business continued to double on an annual basis and what is happening in automotive, we had an interesting day look at qualcomm or nvidia, they're doing the brains of the car. >> yes. >> okay? think of marvel as the nervous system we're the network inside the car. so we work with those big computing companies, right, self-driving and info and things like that. we actually provide all of the connectivity inside the car, which is moving to ethernet. >> what percentage of the cars are doing that >> every car company is moving to it for the end car network of the future you have to. because you need speed, you need reliability, you need the

security and whith the ethnerne network, you can have these in a carver sustained today, there is literally hundreds of pounds of cabling connecting these different esus inside the vehicles we actually make it possible to strip away the cable cost and make the network much more efficient and quick and reliable. >> good. >> yeah, it's all in front of us. >> right we were out at amazon web services it's booming you have amazing hyper scaling business but on premises you weren't happy with that was august. we're now in mid september i think hyper scale remains strong but i want to hear it from you. >> yeah, hyper scale, let's take a step back to 3,000 feet. this is the most exciting,

large, long term secular growth driver set that as the backdrop for marvell is the biggest end market as you know, data center 40 plus percent of the business with the majority in cloud that number is going to only increase over time and what we have that's unique to us is our own unique product cycles, jim. >> right. >> so we've articulated this to investors that we've won actually, meaningful new business in cloud optimized silicon, high performance networking chips like switches and inner connect and the a acquisition we did plus storage, security, i can go on and on we've got 12 product lines we sell into the cloud and all these new ramps are coming and they're still in front of us starting next year and then a big increase. >> this is what i wanted to hear. >> that's the long term view. >> we buy more of your stock from our travel trust but i need

to look you in the eye. >> yeah. >> and every bit as good as i think and the down 10% after reporting seems factious to me all right? >> the long-term opportunity for this company, jim, is tremendous because if you think about the end markets that we participate in, forget about share gain and new product cycle, look at the end markets. the markets that marvell is targeting are growing significantly faster than almost any other set of end markets you can focus on and we don't have a consumer drag, which is problematic and environment like today. >> excellent that's matt murphy, president and ceo of marvell, mvl. i get confused i thought the stock should have been up. it was down big. good to see you. "mad money" is back after the break. >> announcer: coming up, seeking san francisco solutions cramer talks with salesforce

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we're here all week at salesforce annual sales conference isn't this great tonight i want to take a detour. along this conference, salesforce holds an investor day. this year that pitch is more important than ever given the stock is cut in half from last november's highs and the cloud space is a house of pain regular viewers now i'm a long time fan of this since 2008, we've got a giant position for it in our travel trust, last ten month haves been brutal enough we can use hand holding like you so let's dig deeper with the

co-ceo to salesforce and give you access to the same pitch, big shots you heard today. mr. taylor, welcome back to "mad money. good to see you. >> good to see you. >> you gave them insight it's something you don't expect from salesforce which is a giant buy back that's not been usually the case why now? >> the theme of our investor day is profitable growth you talked to mark earlier, it's so impressive what he and parker built, fastest enterprise software, $31 billion in revenue. as we scale, we're committed to profitability and cash flow and shareholder. it's two really significant things we have a $50 billion revenue target for fiscal year '26 with that, we committed to over 25% operating margin when we reach the milestone. we announced a big $10 billion share repurchase the board authorized and said we're going to allocate 30 to 40% of the free cash flow to return to the

shareholders going forward for me, the message is simple. salesforce is a growth company can you feel the energy in this place? we can do so in a disciplined way. we can do so in a profitable way. it's a new addition for shareholders a great investor day. >> so hold my hand for a second. i brought in sales force to a company with a giant lift. a lot of people brought in the giant lift are there people now who are saying it's a tough time, i don't even want to take the chance that that might not happen and they're pulling back? >> well, have you walked the floors here a couple times >> yes, i have. >> are you feeling any low energy >> no, i'm not. >> it's really interesting obviously, the economy is in a complex situation. we had an opportunity interview with larry summers who is a better predictor of the economy than most. we can't predict the future of the economy. the digitalization of the economy accelerating the p pan pandemic, the digital tools on our wrist and pockets, it

changes the way we work, the way we engage with customers and digital technology can drive top line growth and bottom line growth and if you look at the big announcements here, it's about automation and artificial intelligence and realtime data you know, if you're a cto here, it's about building cool new customer experiences if your a cfo in the audience, you're thinking i can automate away my costs and i think technology is the answer to both that's why i think there is so much excitement here at dream force. >> your co-ceo last time i was out here, you did not have this role tell me what it's like to work with marc benioff. >> first of all, what other person can put on a tech conference with a water fall it's spraying you right now. >> it's saying something, frankly. >> marc is the most unique leader in all of the business world and what ig can tell you, you know him well and he knows me well. he's my mentor.

>> so cool. >> i'm a pretty young ceo and to be able to do it with someone i consider a friend and a mentor, i think is the greatest privilege of my career and it's a complex economy. ford exchange, the dollar strength. >> stronger again today. >> supply chain crisis the great resignation, which we went through last year i have, i think, one of the wo world's great business executives, my mentor and partner. it's amazing i think we're the odd couple pretty different and more engineered -- >> my wife said the same phrase, good for the business you had that i have to tell you you're also the chairman of twitter and i'm going to let you ask me any question you want about twitter. >> okay. i follow you on twitter. what do you like to post about more, your garden or the eagles if you had to pick >> well, i missed the first home gai game and the eagles. there are 2 million people that follow me for the eagles and a

million people for gardening i know it's difficult to talk about. are you able to spend as much time here given the fact that's a complex role because of the lawsuit? >> i am. i'm so grateful to have the opportunity to serve twitter i think it's such an important service. i know you love it as much as i do and serve our shareholders and it's a really important job. i have plenty of time to spend one of the announcements i know you're excited about i saw your segment this morning is things like what's app. >> talk about this nobody believes me i'm not kidding. i said i saw the sign, what's app. they say the same thing. which is marc hates marc and i said no, these are business people nothing to do with that? >> i had this interesting trip i went to mexico and argentina and brazil if you travel through latin america, the economy runs on what's app people doing their mortgage on what's app i spent time with mark

zuckerberg on this, what an amazing way to connect with your customers -- >> okay, so walk me through it in other words, what would i b using there that i would have been using here because this -- they tell me what's app, this is big. >> i think this is huge news so one of the demonstrations we gave in the keynote was about loreal imagine talking to the business. you can do commerce. you can do customer service, you can reach customers through markets. if you go around the customer 360 platform, what's app is a conversational way to engage and obviously, as a previous cto of facebook, it's so great to partner with what's app, which is an incredible brand and also, just the way people communicate right now and an incredible brand and incredible opportunity for the platform. >> i wish you could take a steak in it and bring it public themselves or monetize it that way. the two of you together is just incredible it's what i wanted about direct

messaging. one time i told marc, direct message, this is better. we can't talk about twitter. so the lesson here is the same amount of business being done, m marc closed a lot of deals with dream force. is it happening again? >> not only an important business event you know this. salesforce is not a business salesforce is an economy we'll produce 9.3 million jobs, $1.6 trillion of economic impact by 2026. if you walk the trade show, these are people finding jobs. these are people doing business with each other and, you know, my measured success of dream force isn't just the business we do but generate for this incredible echo system and i've heard amazing feedback so far. >> thank you brett taylor, the co-ceo of salesforce and great to see you in person and go eagles. >> go niners. >> "mad money" is back after the break. coming up, cramer takes your calls and the sky is the limit it's a fast fire lightning

round, next.

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>> announcer: lightning round is sponsored by td ameritrade ♪ ♪ >> it is time, it is time for the lightning round. are you ready, ski daddy time for the lightening round. start with mikey can i get mike >> caller: how are you >> mike, mike, micke, what's up? >> caller: thanks for taking my call appreciate you thanks for taking it. >> absolutely. >> caller: calling today for micron. >> i said this was the stock of the day when i was being interviewed earlier by david

favor. i don't know if he can hold 50 the stock goes to 48, 47 before i think about buying it. i know that's not great. how about rocky in florida, rocky? >> caller: mr. cramer, greetings from sunny florida. >> nice, what's up. >> caller: first time. long time. should i start picking away at amt or cci >> we don't want to buy the tower stocks they don't yield enough. given the fact the treasury is four go to wayne in missmississippi, wayne? >> caller: thanks for helping us out over the years. >> moderna >> i think moderna suffered enough the stock is low i want to buy the stock. it can go lower but it's a well run company and enough is enough let's go to william in alaska, william? >> caller: yes, sir. greating f greeting from the land of the midnight sun thanks for having me on.

texas instruments. >> too cheap people hate semi conductors. i think they will make the quarter. don't buy all at once. carl in michigan, carl >> caller: boo-yah, jim. i hope all is doing well with you. >> well, i'm doing my best trying to hang in there like you are. what's going on? >> caller: great, i have two advertising technology stocks on my watch list. pubmatic and trade desk. >> trade desk sells at a high price earnings, too high it can't go lower and then i would buy it richard in california, richard >> caller: how are you doing, jim? >> richard, i'm having a tough day frankly because i don't like people losing money but i'm doing my best. what is going on >> caller: calling about a stock that was low for quite awhile. i got a rather large position in it and it's a big automotive stock as well called on semi conductor. >> that's a terrific company selling at 13 times earnings up

a lot so it's vulnerable but i have to tell you, it's doing well but all sell my conductor stocks are vulnerable. that's the work i've done out here and i'll keep reiterating that all week next week. michael in michigan, michael >> caller: hey, jim, i know you don't like it but i love value what do you think of cce carnival staving off bankruptcy. >> it can stave off bankruptcy but that's not the problem that's the conclusion of the lightning round. >> announcer: the lightning round is sponsored by t.d. ameritrade when the book of the bear is written, spear a chapter of wall street greed why inflation isn't the only headwind slowing down your money, next.

♪ ♪ ♪ ♪ ♪ ♪ how do we show strength and stability? ♪ ♪ (eagle call) a mountain? a tree weathering a storm? (thunder) lions? nope. (lion rumbles) we do it with our people.

right now everybody blames this bear market on inflation and powell's efforts to tame it looking back we'll lay a lot of blame on the greedy feet of wall street that created questionable securities and crushed the unsuspecting public. bogus special purpose acquisition corporation or spacs, some with heavy losses for over ennthusiastics.

spacs were supposed to be blank check companies to make acre si - acquisitions and skirting the most minimal disclosures and making up sky high forecast with no credibility whatsoever. if you try to pull this stuff over the normal ipo not that those are a picnic, you might end up in prison if you went to a bank to borrow money like this you would be laughed out of the office. wall street let it happen. meanwhile, the securities and exchange commission was asleep at the wheel didn't feel these needed to be, well, i don't know, examined toughly. i don't know wall street is a strange place, isn't it there is nobody around that says you know what? we shouldn't crush people with made up estimates and impossible to meet projections. we shouldn't close our eyes to what we know can't work. they want the money. they didn't care that the people running these companies didn't police themselves because the regulars didn't seem to care at all. the law says as long as whatever stinks is disclosed in some

boiler plate way, everybody is fine the crazy thing about the spacs is we have now ones being created now. i want to scream whenever they bring the opening bell to the nasdaq blank check companies as heinous as the vast majority have been are still sanctioned by the authorities. it's crazy why does it work out like this? it comes down to greed and shamelessness. in other words, while it's happening and legal securities are being created, everybody in on the process is laughing at you. yeah betting that you're a simple minded studge that doesn't know better they never promised you anything at all they weren't selling you vacuum cleaners there was no extended warranty they were selling dreams and as they see it, anyone foolish enough to believe in them was a sucker they clean you out because they could. because you let them once you take on the hugsters

there is too much money. there was a time when things were really actually different i worked at goldman sachs in the '80 where stocks were finally good after years where they zapped your savings. i watched as associates got blown out of the place, pryayin on your clients with bogus securities was the quickest way to get fired listen, i'm not claiming i worked in the building it's a wonderful life. if you work at investment bank, you have to be greedy. that's the business model. back then the mantra was be long-term greedy we helped the client make money so we could make money, too. that's a more sustainable business model than ripping your clients and finding another sucker to take their place the industry got short term greedy and happy to blow up the clients every day because they know they can find more. this will keep going until enough invest tolsstors get burd that's a big reason why the stock market keeps getting

hammered i just hope there is someone left that isn't been short on savings and still willing to invest on something other than the two-year treesasury but it won't be that easy to find them. i like to say there is always a bull market somewhere. i promise to help you find it here on "mad money." i'm jim "the news with shepard smith" begins now putin threatens nuclear escalations on war in ukraine and new york state files suit on cnbc >> guilty. >> details of widespread fraud the quarter billion dollar demand to make sure the accusations and the criminal referral which trump responded if