trade here take that with a grain of salt i think the market goes 5% to 7% lower before we do the rip after midterm election starbucks just based on technical. we'll see you back here tomorrow meantime, 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. there is 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 other people want to make friends, just trying to make you some money my job is not just to entertain but educate and teach you so-call me at 1-800-743-cnbc or tweet me @jimcramer. worries about competition, high

commodity costs. then this morning pepsi co, frito reports an excellent upside surprise. without any gross margin degradation to speak of, the stock roars higher up 4% on an otherwise sedated day where the dow dipped 28 points, the s&p lost 3.3% and nasdaq declined .09%. it turns out pepsi co's raw cost are a few months from turning positive head winds into tailwinds, pep has longer term contracts for c commodities rolling over, something that will give a huge earnings boost and maybe the bear market will go for companies. did that happen with pepsi co? we had tremendous upgrades of all the usual staple suspects,

merck, kimberly clark, cardinal health, human that, are there always on the move these days, timeline of recession stocks make sense merck has a new deal with moderna to develop cancer vaccines i would frankly buy moderna and kimberly clark saying enough is enough they are all drug middlemen. consistent earners not unlike ralphie. human humana you can't live without. i tried to figure how to deal with medicare and paid a fortune so someone else could figure it out for me all i know is i pay humana for the stuff i used to get for free before i turned 65 but turning 65 is better than the alternative. back to pepsi co, in this business our goal is to find stocks where expectations are low and wall street has wrote off the business an inflation road kill like pep until this

morning. after i read the quarter and conference call i had a brain storm, that's right the new low list, the neighborhoods where the dreams are broken and take a good look for the next pepsi co. certainly a lot to choose from the s&p is down 25 from the year and we got 11 months since the bear market began. bear market lasts for about 13 months so maybe we have an ex expiration date coming up and soon some may pop. did you expect pepsi co to explode like a shaken up can of mountain dew today probably not i looked at the new low list 59 names this is one of the most horrible moments i can recall since i got in this stock business in 1979 there is a lot of miserable companies on the list. do you want to pick up some att? maybe this is important they right the ship don't hold your breath it might be too early to buy intel. they're about to lay off

thousands. the next quarter won't be that good, either if the u.s. is blocking the cellar equipment companies, i'll take a hard pass on kla after applied materials flew up this evening. charter communications, $88 billion in debt. that's like the debt of a fairly large country with rapidly diminishing tax revenue. we have a host of companies on a new low list that seem down on their luck but may not stay that way. with rates this high, do you want to throw out key corp are you supposed to give up on bank of america and j.p. morgan with the massive deposit basis when the loan losses are tiny and credit balances are gigantic most people are getting next to nothing on their savings but the banks can invest in treasuries at 4% without getting in trouble with the regulators. by the way, the banks did that in 1990 and made a killing for them i think it happened again. if you're a new ceo and don't

know the tech you need, you call a company the gold standard for consulting yet, there it is. a discard as they have nothing going for them at all. i find it astonishing to throw in the new low list. they didn't blow away the last quarter. it just had the usual excellent win. it must kill bill mcdermott. corner store to corner office and ask yourself if you don't let this stock continue to roll over and play dead, i don't think so i don't know which will turn first, dominos or yum brands but both are well run coping with food inflation and wage pressure if the fed actually does tame inflation and it sure hasn't yet, will these stocks stay down hear is that how you have to think? we can't predict when the fed will win but will beat inflation eventually is there downside? of course. they made it to the new low

list you're not catching them on the run. last i looked generac backed up the house and store eletctricity because the grid is so awful, right? it's a necessity with an electric grid that doesn't work and the rise of electronic vehicles, how can you avoid taking at least a look at a generac at home. this one is so low i'm tempted to add it to the charitable trust. we convene tomorrow at noon for a good talk. members only, though next, i know this one is too early but stanley black and decker is a fantastic brand name one of the best companies you can imagine. that's crazy this is everybody's go-to tool maker. if you ask people what's the best in tools, they say stanley black and decker should it be thrown away like this yes, s&p is arguably the worst business in the world right now than the semi conductors there is no pepsi co here.

will there always be no ipos is that the new normal everyone that says it's the new normal will be laughed off the trading floor, which is where we are. abbott, if you think so why not buy it next, they hate mergers especially industries with few competitors and cell tower companies are on sale. these are terrific consistent companies with very good long term growth. finally, there is a really hot one, mid america apartment communities. a real estate investment trust that owns and operates multi family apartment properties. we know that's precisely where housing is in short supply so why the heck would you sell the stock of a company that owns some of the hottest properties in the country that's just plain stupid not like you're buying an office building in center city. listen, i know i'm taking a shotgun approach here, not a precise rifle but the bottom line, i'm just trying to give

you a more constructive perspective based on the prism of pepsi co. a big winner and i think pepsi co by the way is just getting started. let's go to maria in pennsylvania, please, maria? >> caller: hi, mr. cramer, thank you for all you do. >> thank you for your kind words. what is going on >> caller: my husband and i watch you most every night and we both had our own businesses so we were investing on our own so we appreciate your direction and your instructions and all that you do. unfortunately, my husband had an accident and passed away a year ago so i'm on my own. >> oh, geez. >> caller: i inherited a lot of kmi, kinder morgan from him and my question leads to that is it should be a good investment because we need pipelines and natural gas but we're under water with it and it just seems to go between 16 and 19 and has

a good dividend but should i average down or cut my losses? what is your suggestion? >> first, let's get everything in perspective i'm really sorry for your loss kind of stunning wow. i'm kind of just thinking about that because you're such a nice person to say those nice things about me it's very hard to do the show right now. your trust in me means a great deal and if you were here with me on the staff you would know i mean that. on the issue of the inheritance, kinder marge er morgan is a grt company. would i average down don't put more money in a pipeline stock but i do again extend my condolences and it means a great deal to me that you turn to me every night and i hope i don't let you down. all right. the point is i'm trying to give a constructive perspective to the prism of pepsi co like on kinder morgan and i don't think that these stocks aren't,

either on "mad money" tonight, we're continuing our third quarter recap series digging into the winners and multiple losers in the nasdaq and then could oler a positive stock after the come bablg and macy's reviving toys r us in stores across the united states and boy, is it terrific we had a chance to talk to the ceo from the flag ship store in new york city to learn more about the paraneatnership so i' urging you to stay with cramer >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question tweet cramer #mad #madtweets send jim an email to "mad money" at cnbc.com or give us a call at 1-800-743-cnbc miss something head to "mad moneymadmoney.cnbc.

at fidelity, your dedicated advisor will work with you on a comprehensive wealth plan across your full financial picture. a plan with tax-smart investing strategies designed to help you keep more of what you earn. this is the planning effect. the hiring process used to be the death of me. but with upwork... with upwork the hiring process is fast and flexible. behold... all that talent! ♪ this is how we work now ♪

millions have made the switch from the big three to the best kept secret in wireless: xfinity mobile. behold... all that talent! that means millions are saving hundreds a year with the fastest mobile service. and now, introducing, the best price for two lines of unlimited. just $30 per line. there are millions of happy campers out there. and this is the perfect time to join them... see how easy it is to save hundreds a year on your wireless bill over t-mobile, verizon, and at&t.

talk to our switch squad at your local xfinity store today. we spent all week talking about the great bear market of 2022 that came to a nasty white head in the third quarter. you can see it in the nasdaq 100 with the pitiful performance this has been decimated by the fed's crusade and the portfolio for that matter because so much of the nasdaq 100 got too high at the peak last november. i can't stress enough that the runup into the peak is one of principle reasons for our current bear market because it allowed so many garbage companies to come public flooding wall street these companies were too young, too i'm pmprobable and too awfu. we look to the top performers, the 100 largest to find ironies

for the third quarter. we start with constellation energy, the nuclear oriented energy that rallied 45% because it's entirely fossil fuel free and next is netflix with the tremendous third quarter bounce back over lapping the s&p winners. they need to successfully launch the ad support to justify the 34% gain and i bet they do just that because these are smart guys and biogen up it's not until we get to the fourth best performer that we find a stock not in the s&p 500. again, though, it's an odd one i'm talking about the latdin american ebay with nothing to do with the fed whatsoever. no wonder the rally is 30% in the third quarter. i followed this company for a long time. i was an original investor and it's a default winner. that said, i can't recommend it because it has too many political risks now not worth the potential headache fifth is paypal, another bounce

back up 23% after it got over sold paypal sank like a stone because it was perceived as a pandemic play but also because it failed to hit well defined targets including some on the show this one hurt the travel trust badly. we stuck with it for years they did very well but we got too complacent, too trusting our mistake. i still believe in the ceo, the main reason paypal rallied last quarter is elliott management, the big activist firm i like so much with a $2 billion stake in the business among the most out spoken supporters, incredibly rigorous work so when they first get on board, it could be a positive catalyst to take them seriously but management shouldn't try to fight them given financial technology is a dicey group, i don't think paypal is worth the risk elliott is great but they might have a longer time than you do and if it gets to the 70s, buy

it ross stores is up 20% because this is an off price chain that buys up excess inventory from retailers and right now those are desperate to get rid of merchandise. i tried to get in one in san francisco recently, there was a line to get in too much business? no they had to limit the number of shoppers to prevent theft. not a great sign for retail. also, a cheap place to buy clothes going into a recession i prefer tjx if you want to learn more about, attend tomorrow's meeting tesla up 18% for the third quarter. this one is easy tesla is making the numbers. i'm almost surprised the stock wasn't up more because it's out executing every other auto maker but it's a bear market so you can't count on anything when the auto industry is doing poorly. i understand this skepticism there is airbnb, one of my favorites. this was a breakout quarter with a ton of free cash flow. this company is coming to its

own as a technology marvel that represents the best value of all the nasdaq winners the business model has gigantic leverage and a beneficiariry from the bills the new app is a winner as brian chesky, the ceo. the stock had a huge move today and i like it. how about the losers for the nasdaq a lot more enlightening than the winners. let's start with the best of the worst, which is adeadobe. it dropped 24% because its growth is slowing and that's just true. i regard adobe as the best friend of creators and the backbone of graphics and analytics on the internet but couldn't tran sen tran send theo have no tolerance whatsoever with the growth rate next comcast fell 25%. i can't really comment because they're the parent company of this network but talking about cable more generally, this group is hated the market wants to know part of it what a change from the old days.

the worst performer, a semi intel off 31 % for the third quarter as the whole semi conductor gave up the ghost. intel is struggling because personal computers slowed dramatically off a cliff after so many people bought new ones during the worst days of the pandemic they don't buy one new every year preannounced the downside and boy, was it ugly they look like they took share from intel on the plus side, intel has not preannounced and layoff rumors so might not be horrendous but the markets are still sinking and that's what really matters we know intel will spin off mobile in the autonomous driving business it's actually pretty exciting with a 5.76% yield i've expressed concern that intel can't keep paying such a large dividend if they spend aggressively to compete with amd but management assures me that won't be a problem i'm not convinced but a lot of people are applied materials preannounced

bad earnings tonight must be in the semi water. we have a bunch of names down 31%, max the online gaming site had a shaky short fall they suffered from an inability to forecast that reflects the dating industry and zoom video, the ultimate stay at home play they have $5 billion in cash and could make the transformer acquisition but before they do, they don't have any earnings momentum and impossible to justify the $22 billion market cap. you don't pay $22 billion for a one trip pony. charter communications is down there 35% and another hated cable stock we other went last night and last and also not -- not fair to call it least is okta down 37%. for the peak last november, okta was on fire and wall street loved the cybersecurity software plays with fast growth and no earnings they have gone out of style. i like okta the business and they have a tremendous identity verification management. i don't see that changing any time soon.

they got to make real money to change that. here is the bottom line. the nasdaq 100 is filled with the seven biggest losers from m the third quarter are simply representative of the house of pain the index has become. if you're living in a house of pain, move somewhere else. there are better zip codes out there. "mad money" is back after the break. coming up, this stock might be right up your rally kingpin cramer is going to bowl you over next michael is back. and he's more dangerous. maybe the only way he can die... is if i die too. [ screaming ]

♪♪ age before beauty? why not both? visibly diminish wrinkled skin in just two days. new crepe corrector lotion only from gold bond. champion your skin. (vo) the fully electric audi e-tron family is here. with models that fit any lifestyle. only from gold bond. and innovative ways to make your e-tron your own. through elegant design and progressive technology. all the exhilaration, none of the compromise. the audi e-tron family. progress that moves you. the new iphone 14 pro is amazing. the camera is incredible. and you'll get our best deal. nice, but i can't accept it. unless every business gets the best deal. on every iphone. uh, actually... we already do that. the plumber with the ascot!

big bjorn, little bjorn, too! the caterer who really cares. every business should get the deal! we make a good team. every business gets at&t's best deals on every iphone. including up to $800 off iphone 14 pro. (♪ ♪) at ameriprise financial, our advice is personalized. based on your goals, whatever they may be. all that planning has paid off. looks like you can make this work. we can make this work. and the feeling of confidence that comes from our advice? i can make this work.

that seems to be universal. i can make this work. i can make this work. no wonder more than 9 out of 10 clients are likely to recommend us. because advice worth listening to is advice worth talking about. ameriprise financial. every now and then we stumble upon a stock that's performed insanely well. why? in a hideous market like this one you get great stories from time to time but it happens less often but it does happen this time i'm talking about valero,

not the musical piece, the bowling chain with more than 300 locations across north america now, you might recognize them as cramer fav here is a stock that delivered a huge, huge quarter up almost 44%. this is a very unlikely winner bowlero is a spac. regular viewers know i normally hate anything connected to the spac wave and the last few years have been horrendous, just horrific most of them have been amazingly horrible money losers. we highlighted data where they found less than 10% of the post merger spac stocks were trading below the average down 51 %. bowlero bumped that trend. it started trading at $10 and now at $12.98 and somehow in an awful market where spacs are

de desp des despised, this marched higher. what does it have going for you? i'll give you a heads up to look at this. i wore this especially for the show for starters, you need to know even though it a spac play, it's a throwback to the old days back when these special acquisition vehicles had a very different function in the last few years, most spac deals are schemes that allow startups to become public without complying with the regulations for initial public offerings. it's a way to go around the government that's how we ended up with hundreds of spacs not real businesses now, the market has turned against those stories, which is why most of the recent spac plays have been utterly ab obliterated but if you go back a few years further, spacs were different. they were blank check companies,

their purpose is to make a lot of little acquisitions and roll up an industry some worked out well for shareholders bowlero is going with the older model. this is a nice and simple bowling chain to consolidate the enormous bowling market. i mean, did you know that bowling is actually the number one participating sport in america? number one roughly 70 million people go bowling every year but there are very hue large chains. we have 3500 different independent bowling operators in the united states representing for bowlero since the location will make a lot more money than the industry average i love that simplicity they're using the spac for the intended purpose raising capital they spend on lots of little acquisitions to take over a nische industry. we learned that a spac called isos acquisition corp would be merging in a deal that invited

the company to put $6 billion. that closed mid december after the spac started going bust so the stock got crushed falling below $7 by early february in retrospect that was a tremendous electric buying opportunity as the stock roared back to $13 as of today, steadily making a series of higher highs and higher lows over the past eight months, it's very straightforward it keeps posting fans tick numbers. on february 9th they had a nice top and bottom line beat and much better than expected profitability. in may, bowlero report the another set of strong numbers and this is the most important quarter of the year. not only did they have phenomenal revenue growth up 130% year over year and 26% from prepandemic levels, the same store sells were up versus the same per yesterday before covid. at the same time they gave you record earnings for interest,

taxes, depreciation up 61 %. and much -- that's really much higher than expected i couldn't believe how great the quarter was. they reported another stunning top and bottom line beat they generated $267 million in revenue, wall street was looking for 195 million. same store sells up 53% versus prepandemic levels and ebita 80 million. 141% versus 2019, she me another company doing that well. they are gigantic numbers. bowlero can put up this growth because people keep coming back to the bowling alley and making a bunch of little different acquisitions they bought 29 additional b bowling centers. as president and cfo greg parker explained quote, we continue to see very strong demand in the bowling centers additionally the units are accelerating growth rates as we open four new

locations during the quarter end quote. at the same time, the margins are exploding higher because the bowling alley has tremendous operating leverage as more people go back to the lanes. in short, it's a quality spac play with almost nothing in common with the spac this is already a good existing business before it became public and they've been putting the money they raise from the spac merger to work on buying up the bowling centers. they bought another one and signed definitive purchase agreements for eight more. that's giving the numbers a big boost, exactly what the spac is meant for. unlike most spac plays that consistently over promised and under deliver, bowlero is on pace to beat its own forecast. with most spac plays, it's tough to get a handle how many shares are out there. new stock seems to come out of in where diluting anyone foolish enough to be a buyer back on february 7th when the stock was down they announced a 200 million share and warned buyback, not a selling

expedition but a buyback in the spring they redeemed the warrants with control. like the real company. thanks to the buyback, they've already retired 80% of the new shares created during the redemption process and still got 160 million left in firepower for more authorization get this, in short, bowlero are is least spac like and i've looked at every one of them. that's why it's starting to gain sponsorship. there are five covering this thing all with buy ratings and an average price target of $17 i think it's still early enough in the stock's life cycle to be worth buying here. we could have been earlier but i'm confident we're not late bottom line, when it comes to bowlero, i actually believe the hype this say strike not another spac gutter ball. you got my blessing to buy it right here since the stock pulled back a couple bucks from where it was trading after last month's amazing earnings report and by the way, when i bowled there last i got a 117 but back

when i had hair, i ounce bowleda 143. chad in new york, chad >> caller: hello, jim. so happy to have you, boo-yah. >> boo-yah back at you, chad. >> caller: thank you. >> i'm sorry >> caller: thank you, thank you. i was just curious about spotify acquired by google and is it better than amazon >> well, spotify is not going to be -- i men, they have independent management i think spotify at $80 is frankly just too low i mean, but, you know, what we got, we got a bear market here and stocks like spotify which are companies not making money, i cannot recommend i'm going to say that over and over again i'm not recommending any companies on this show that are money losers if i can avoid doing so when it comes to bowlero, this is not a gutter ball it's just not. you have my blessing to buy it

here you can bring my ball even there is much more "mad money" ahead including my exclusive with macy's with the holiday season approaching, i sat down with the macy's ceo and the company's new york city store to see how the toys r us partnership is influencing the seasonal strategy and then wall street is always fearful particularly right now of another moment but is it warranted? i'll give you my take and tonight's calls in rapid fire in tonight's edition of the lightning round so stay with cramer

at humana we believe your healthcare should evolve with you and part of that evolution means choosing the right medicare plan for you. humana can help. with original medicare you are covered for hospital stays and doctor office visits but you'll have to pay a deductible for each. a medicare supplement plan can cover your deductibles and coinsurance but you may pay higher premiums and still not get prescription drug coverage. but with an all-in-one humana medicare advantage plan you could get all that coverage plus part d

prescription drug benefits. with no copays or deductibles on tier 1 prescriptions. you get all this coverage for as low as a zero-dollar monthly plan premium in many areas. humana has a large network of doctors and hospitals. so call or go online today and get your free decision guide. discover how an all-in-one humana medicare advantage plan could save you money. humana, a more human way to healthcare. blackrock silver is advancing one of the highest-grade undeveloped silver projects in the world, in the "silver state" of nevada. with a maiden resource estimate just announced, the focus now is on further expansion. blackrock silver.

what do you do with a great retail turnaround story in a market with the absolute lowest retail

this say macy's question this is a department store chain with a magnificent turn around coming out of the worst days of the pandemic and the most recent quarters surprisingly strong but nobody seems to care because the rest of retail is troubled i had a chance to catch up with the chairman and ceo of macy's and world famous flag ship store where they're opening a new toy section in partnership with the toys r us. take a look. jeff, i'm here on your amazing floor and i feel the wonderment of a department store. >> i appreciate that, jim. >> how does it happen? how does it feel so magical? it reminds me of a little boy, you go to london and these department stores have a floor that you just want to play >> yes. >> it's working. >> you hit it on the head. i think everybody wants an experience of a toy store, certainly kids do. we saw that was a real opportunity in america and you have the power of toys r us and magic of macy's bringing the

brands together, we see it as a billion-dollar opportunity and happy kids. >> a billion dollars is a lot of money. i'm looking at toys r us and have mixed emotions. when i had young kids, it did well and then it faltered. how are you able to bring it back >> so i think really what it is is the idea we have so many other opportunities within the store and website. you have all that traffic of people shopping in other categories so you can bring them into toys and they can shop other categories it's a way to make it profitable and a way to make sure we get a good customer flow for it. >> it seems to be when you talk about toys, it's not just usual barbie doing well but even stem toys, educational. >> yes. >> give me a couple. >> i think one of the things you have is you look around and have all the right brands and curated assortment and exclusive content. you have the jeffrey corner and gary v, one of the hottest

properties out there with nft and exclusive content with him so it's like plush and apparel and all the stand byes that you have with mattel and play mobile and the only nickelodeon asa brand. you have all these play areas and opportunities like what you see over there. >> can i be in that in a selfie? >> i'll be on the hood and you'll be in there the kids want to come and play what we see because we've been rolling these out across america, the amount of time kids are spending in and pulling their parents over, it's like what we wanted it to be. it's a great experience. >> how about people from other countries? this store is important for that the dollar is strong i recognize that are people here from other countries recognizing the wonderment that i feel >> this one has not opened yet. >> the first. >> you're the first. it opens saturday. we have other flag ships i was in union square and you definitely have customers all

different languages experiencing that and because toys r us is in 40 different countries, you know the brand. >> you mentioned three weeks ago it's a huge piece of property. is that the best use of the property because boy, that's a great area >> you think we used to be three buildings in union square and we're down to one. how do we ill prmprove the busi in union square. i'm in constant communication with mayor london breed. i give her high marks. >> fabulous. >> fabulous. >> two weeks away from where i was a year ago looking at crime and safety, it's improving we're not where we need to be in terms of 2019 but definitely improvement. >> let's talk about the business in general last time your excellent cfo spoke, shoes, fry gagrances, ar these still holding up >> still holding up.

nesting from a comfortable category to dress up is this may see's strength look at a suit, dress, what people want to give and look special, they think of macy's but then gifting you know, i'm really excited about this holiday season because first off, our inventories are in great shape we're able to flow newness and when you look at the amount of newness, we're excited and been doing practice for valentine's day and mother's day and father's day so we know what categories will be important this holiday season and we're ready. >> a lot of people were caught with the wrong inventory you uniquely knew down 18% and you didn't get caught. how come >> so what we did is we made a real focus on enterprise capabilities, which includes, you know, data and enterprise analytics so there were real customer signals about slow downs in the causal categories so we put the brakes with the private brands and signals of

unmet demand going on in the dressup categories so we work with partners and massively started to accelerate. so what you have is we're still out of balance in some inventory but dealing with it aggressively and have the liquidity to flow the goods customers are chance a -- chance acting on now. >> is that you going over to someone on your team recognizing we have to be everywhere we can't make it like we're clogged like everybody else. >> you see 120 boats and look at the under utilized ports in the balance of the nation, we did a lot to modernize the supply chain. make sure the boats come to the right portals and have freight to the right centers or stores was something that we focused on. >> let's talk about evaluation for a second when we first met, my advice to you was balance sheet. and not buy back stock the balance sheet is fabulous. there is a long time before any bonds are due.

what do you do you have a billion-dollar opportunity. dividend, you know i'm not as crazy about buyback to finish up buy more that's 6 billion that's out years from now a 6% coupon. i don't know what to do. >> we'll look at that. right now we're really looking at liquidity and flexibility that's the name of the game. there is a lot of uncertainty coming our way when you look at the capital allocation strategy, number one a clean balance sheet and number two invest in the business and then with whatever cash remains, looking at the dividend and the stock buybacks. >> well. okay at one point you talked about investors saying macy's.com is worth a fortune. i prefer not to spin off because to me it's financial engineering but is it still worth a fortune? they're linked i mean, this is about omni channel. you look at the behavior that's pourous between channels customers see today what they would look behind you might chance act on their app later or desktop later so this idea about

tracking every one of those transactions as two separate companies was a huge burden and at the end of the day we follow the customer being an omni channel brand means you're connected. >> we had a report yesterday fashion, leather, purses, jewelry, how are you doing >> good on all we have the bloomingdales brand you love upscale beauty and all macy's categories, quite strong. >> now, it's funny you asked this because i was going to say what is it doing is the nest doing well or what is selling well? because the price point there is very high. >> it's just a curated assortment i was in a blue mercury two weeks ago and we went to two of them, tony and i and what we saw is you have m 61 and the private brands and great curated in skin care, free -- fragrance and

color. we have it in hundreds of stores across the nation. >> hundreds of scores across the nation, south, west, speaking of tourism, those are interesting places i remember florida was great for you in tourism at one point. >> tourism right now, we're expecting 21 levels. it's going to be a huge tailwind for us in the future we still haven't seen the far east customer come bag we're starting to see europeans, south and central america is coming back but not levels that exceeded our expectations, it's about where we were in '21. that will be a tailwind. >> when i look through the stores, i think of bloomingdales personal shopper, kerr gifts. how does it look for those i was critical i said i'm one of your largest customers, you don't have the right people catering to us. you've changed we got the same people. >> when you think about gifts and the connection with great

sellers as well as great navigation tools online, i think we're definitely going into that and we've made huge differences from where we were last year so when you think about, you know about fashion the life blood of the fashion retailer and newness. when i look at the gifts we have this year, half of the assortment is brand-new content we learned through the last year and able to flow all of it if you walk bloomingdales today and look at the 150th and content and walk macy's when we're fully set in the first week of november, you're going to see the difference. >> full circle we've had mattel on almost every quarter. they are hot, hot, hot you have the whole full panel of mattel here? >> we'll show it to you. richard dixson and i are buddies and what he's don with content is very exciting and you'll see it here. >> i want to see it. chairman and ceo of macy's always a pleasure, sir. >> good to see you. >> announcer: coming up, cramer takes your calls and the sky is

the limit. it's a fast fire lightning round. next - [narrator] if your business kept on employees through the pandemic, getrefunds.com can qualify you for a payroll tax refund of up to $26,000 per employee, even if you got ppp. and all it takes is eight minutes to find out. then we'll work with you to fill out your forms

and submit the application. that easy. getrefunds.com has helped businesses like yours claim over $1 billion in payroll tax refunds. but it's only available for a limited time. go to getrefunds.com powered by innovation refunds.

it is time, it is time for the lightening round buy, buy, sell, sell, call play this sound and then the lightning round is over. are you ready, ski daddy time for the lightening round. let's start with andy in pennsylvania, andy >> caller: hey, jim, thanks for taking my call. >> of course >> caller: jim, first i'd like to start off with the big springfield spartan boo-yah.

>> springfield to the championship i'm with ya, partner what's going on? >> caller: i think you grew up around the corner from me. i'm interested in a company it's actually been holding up very well in this brutal market, close to the 52-week high. the company is irdm. >> absolutely. satellite company that you and i know and yes, to i don't know, cromwell road you and i both know it's the right place. okay let's go to donald in california, donald >> caller: how are you doing, mr. cramer >> i am doing well, donald, how about you? >> caller: great plug power -- >> plug power, we're in the moment where a company has a good idea, marsh does it's losing money and when a stock is losing money, it goes down in the business that's plain and simple and all that's happening and that is what's going to continue to happen as long as the fed is

tightening dan in michigan, dan >> caller: hey, jim, thanks for taking my call. >> of course >> caller: i had a question about something i've been holding all year cameco. >> i would have not done that deal let it ride. let's go to joe in california, joe? >> caller: yes, sir, western union i was thinking -- >> i used to believe in them i used to believe but they have no growth whatsoever we can't own the stocks with no growth in them let's go to bob in florida, bob? bob? >> caller: hello big boo-yah, jim long time -- >> boo-yah, bob. >> caller: my question is -- >> fantastic. >> caller: with the new -- >> roblox is an absolutely great company. fabulous but doesn't make money and that's the problem if it made money i'd say buy, buy, buy but i can't tell you to

do it and that, ladies and gentlemen, is the conclusion of the lightning round. >> announcer: the lightenning round is sponsored by t.d. ame ame america trade. coming up, why americans should have hope cramer gets global when we return

i keep hearing that we're about to have a lehman brothers

moment, something is about to send us into a tail spin to cause the entire financial system to shutter. a catastrophic event that will reverberate through the stock market causing a selloff when i hear this i think somebody forgot to take their medication don't get me wrong, this is a bad moment for the market but predictably bad. they will bring the pain until it goes away that's what the fed does end of story look, i'm not in denial something could be terrible. something could lurk maybe putin could sense he's losing the war so he's launching nukes, possibly kicking off world war ii bad for the market and a nuclear war sen necenarioi don't know how much you'd care about your portfolio there are a lot of terrible things that could happen definitely and i want to have a look back at youtube and say cramer didn't tell me they could launch nukes and we could die.

no i'm not doing that but it might have an impact similar to lehman going under. this is not 2008 there are guard rails that have been put in place that didn't exist back then. things that might have been similar to the lehman moment in the past are turning into buying opportunities because the worst case scenario is taken off the table. not everything is perfect webute have a much stronger banking system once the most stable banks on earth. so take this situation in britain you're hearing a lot about. a bunch of pension funds have positions on their sheets that could wreck them if the bank of england doesn't bail them out with open market bond purchases. this problem at one point would have caused a catastrophe. these days we have a ton of rules in place to keep the banks from being caught doing something stupid and our bnanks are much better capitalized. if anything, we have so many

alternative asset managers that will easily scoop up bonds being puked up by the u.k.'s money losing pension funds that they will hedge and make a killing. the bank of england's bond buying program ends on friday. our asset managers are ready to crush it or how about the way the country is coping with the huge production cuts from opec plus 2 million barrels of oil gone. saudi arabia teamed up to freeze the world. that was the plan. the price of oil hasn't budged because america is the largest producer of oil and natural gas on earth we're able to export the stuff all over the world limited by transportation infrastructure. we have 100-year supply in this country of natural gas we can produce more if the biden administration wasn't so hostile of adding pipeline capacity. meanwhile, there is an old fashioned land garaging in europe creating fear we thought this conflict was a thing of the past but for the

most part, the war in ukraine is not affecting our day to day lives. it sending up the price of food because 30 to 40% of the world's fertilizer comes from the region and whole countries with an e endangered food supply where famine reigns supreme. tech companies will report earnings skewed down, another real problem at least we have technology that other countries want and while the strong dollar plays havoc with earnings, the dollar is strong because economies in much better shape than the rest of the world. i know it's incredibly easy to complain and conjure cevents, there is recognition we got et easier than any nation in the world including china that keeps locking down huge chunks of the country because they refuse to use the right vaccines at the end of the day, there are plenty of reasons to dislike this market. you do not need to make up potential disaster scenarios to

justify bad amounts of stocks. those disasters almost certainly won't come true and the united states is coping surprisingly well with everything wrong in the rest of the world. i like to say there is always a bull market somewhere and i promise to find it just for you here on "mad money." i'm jim cramer see you tomorrow "the news with shepard smith" starts now "the news with shepard smith" starts right now a jury delivers alex jones the bill for the damages his lies caused. the mere billion dollar bombshell in court i'm shepard smith. this is "the news" on cnbc oh, my god, 50 billion, 100 billion, trillion. >> alex jones live stream of the verdict against him. >> this corrupt dying political system is trying to make me the devil. >> ronnie parker, a, defamation damages, $60 million. >> yeah. >> b. >> the staggering penalty and legal analysis