i still think there's a chance it doesn't close on friday so downside puts. >> guy >> defense stocks are defensive. northrop grumond thi high 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 some 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, i'm just trying to make you money. my job is not just to entertain but educate you and put it in context because teach thing day is hard. call me at 1800-743-cnbc or tweet me @jimcramer. dollar down, rates down, stock

up when your dollar is lower bond yields is a terrific rally s&p jumping 1.63% and nasdaq falling 3.52%. holy cow put these two things together that weaker dollar and lower rates and you get a magical mix that could turn around the market a strong dollar hurts overseas earnings and if it's more pain from the fed, which is why it's so good when both of these things go down before i get into why, last time we ran an excellent off the charts piece highlighting work by carly garner how the dollar could soon peak, she said the dollar was the most crowded trade out there and would soon do something called reversion to the mean, that would put a stop to the rise in bond yields carly is great she doesn't waffle she cuts it straight telling us that the decline would start now. sure enough, the dollar got clubbed today and looks like

it's about to roll over. the dollar and bonds have kind of a kick and an egg dynamic hard to know which one follows the other but carly explained that the dollar had gotten wildly over bought and was due for a pull back. stop the relentless rise in bond yields in the tracks, too and that's exactly what happened today. we have the most forceful decline in long term rates since the long run began it was a monster fall of rates which frightened everyone betting on rates headed higher that's not a great bet given that we won't have anything that would spur another increase in rates until the fed meeting on november 2nd for now, we're in what's known as the blackout period where fed officials can't speak and it's been a god send for the market because fed presidents love to come out and terrify you with talk of the economy with a series of massive lock step rate hikes. >> they know nothing >> if i were in the fed i would bring these people together and say explain. you're all assistant coaches and

i would tell them the only guy that should really speak is powell the fed is an institution trying to hard to be careful what it tells the public then these officials spew whatever the heck they feel. no way to run a central bank without interference we were avoiding the voices and that freezes up to speculate on what stocks would look like if both the dollar and bonds are telling the truth here meaning the two-year treasury can't stay above the key 4.5% level. it's having a hard time breaking through to 4.75. that has been the battle ground of late. maybe 4.5% is a bridge too far. perhaps there is so much recession chatter that it simply makes no sense for short term yields to keep climbing. what does the market look like when we think that the rate hike cycle is over? well, frankly, i got to tell ya, it's a little fictional. it's a little fan fanciful.

when i say that, i mean, the machines had detected patterns and one of them is that you buy nasdaq stocks when rates go down nasdaq the machines do that because if rates are going down, maybe inflation is cooling off and therefore the long term value of fast growing tech stocks get preserved. remember, most tech stocks are valued on what tell make many years in the future. so if there is terrible inflation and we know, we know we've got real bout of very bad inflation here, if there is terrible inflation, those future earnings or even future sales simply aren't worth as much as today. of course, the machines, you know what? they're incredibly wrong all the time i don't know who gives these people money after all, they're still programmed by humans even if using artificial intelligence in the process i've been around long enough to know in the end machines evaluate data without knowing the data we can know the data and know

how to evaluate it of course, we can get it wrong but usually not in the ridiculous way computers get it wrong but we have such reverence for computers we tend to think they're smarter than we are. they're only as smart as the people that program them for example, the group most on fire off the decline on the rates of the dollar, the semi conductor stocks this is the same group that's been hit hardest whenever the dollar is strong and rates go up but you know what? if you really think the semi conductor companies are doing better, i can tell you without a bit of doubt that you are dead wrong. the entire semi conductor complex suffers from excess inventory. there are a few older form factors in short supply that go to the autos but any high performance semi conductor like the ones that go into phone or computers are cluttered. the inventory glut may be at monumental proportions

a lot of people want to bet it's about to be cleaned up but there is no evidence of that, just none oh, sure, innvidia and amd will clear up and they have to strike now to not move the stocks themselves but it's too early. ask the poor shareholders of the stock of texas instruments after its hideous outlook this very evening. it's just too early to buy the group. it's okay. the machines say it has to be bought now hey, maybe tomorrow when we sort through the disappointing quarters from both alphabet and microsoft after the close tonight, maybe there will be justifiable buying i mean, to me there is just remorse. i want to emphasize to you that even aztecs tech rallies hard, cannot lead into a fed mandated slowdown they're the wrong leadership they just can't do it at least until the fed is finished because buyers will not forgive their mistakes okay whether they are from personal computers or cloud growth, it doesn't matter

there are going to be no excuses for big tech it's going -- the excuses will come from companies like chi chi chipotle what would happen? is the excuses chipotle raises prices they raise prices in order to be able to meet the raw costs and then they don't have to take prices down because people like them so much that is not the experience of a microsoft. it's not the experience of an nvidia let me give you another example the knuckle headway the machines work before microsoft and alphabet quarters report, the machines were buying the cloud stocks, which is new found value status, thanks to the activist in the company called starboard the i don't buy the value thesis i prefer to think salesforce is cheaper than it was and that it's attracting buyers who can become activists if they don't get what that i want similarly the other day meta platforms, yes, the old facebook got a love letter from brad, the

manager of altimiter capital i think it could be actually the first of many so-called love letters. unless the stock can keep running. it did roar up 6% today. we have a position in meta, not a big one but enough to hurt if alphabet and microsoft really take tech down we go to big positions we own them. we don't want to trade for the trust. we have nice basis, much lower than for these stocks but winning tech now here is well sadly just a trade there are so many better areas for example, we see retailers running that we like they run when we sense the fed might not want to put us in recession and the managers we believe are already in recession and plenty of them like the buying trade down retailers like burlington stores or ross or a cramer fav, tjx. can this bullishness continue? look, we're about to celebrate a full year of bear market trading

and further along on the titles because there are so many basis points they can hit us with so fast the market needs time to adjust. the fed doesn't want to rock the boat too aggressively and cause a ka facast fast fee. at some level these companies are worth buying but any slowdown in crowd growth and a host of product lines at least at alphabet removes their chances of leadership until the next quarter and next quarter and i'm getting really tired of it it's too hard for us to deal with the disappointments that we get from what used to be fang. but the bottom line, it is time to recognize that the dollar is in charge today, at least and the dollar rally took a break, which means the bears took a break, too if the green back keeps pulling back, maybe they'll go in hibernation if the earnings come in better than we saw tonight

from alphabet and microsoft and texas instruments. let's go to marine in michigan maureen? >> caller: i'm in a women's investment club. each month three stocks from the same sector are chosen to eva evaluate i was tasked to research adobe what do you think of adobe, mr. camer? >> there are two parts, one adeebo is a company and a great one and does fantastic things and adobe as a value it's no longer blowing away the earnings and the only thing that makes the stock go up is much better than expected earnings and adobe doesn't have it. it may have it a few quarters from now but not now the dollar is in charge and today, it along with the bears took a break if it keeps pulling back, maybe they'll go into hibernation. on "mad money" tonight, chipotle delivered results after the bell

so what should you make of the quick service restaurants third quarter report i'm digging into the numbers with the ceo and another post earnings report was handed by mattel so is the company able to prove this quarter is more than just fun and games i'm discussing with the company and one you don't want to miss, canape growth soared nearly 30% today on news it's consolidating the u.s. business into a holding company and i'm talking to the company's ceo and you do not want to miss that interview because it is really a shocker 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 a 1-80 1-800-743-cnbc

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>> we just got to lesson the importance of purchasing power chipotle has a nice earnings beat because they raise pricing at over 20% the last few years and customers still have shown no sign of flinching in the face of the hikes that's incredible. on the other hand, management sees no end to the rise in food cast, which is less encouraging but seem to know how to cope, which is how they deliver better than expected same store sales up 7% and who knows how high this tremendous company stock can go if they get a break in cost let's take a closer look with the chairman and ceo of one of my long-time favorites chipotle mexican grill to learn more. welcome back to "mad money." >> hey, jim, good to be back.

>> okay. so i got to tell you something one of the things that impresses me endlessly with you guys, you can't to take share. you continue to have great store numbers and incredible gross margins and it's the ladder for the people of the stock market want to know how do you do it? everybody else is being compressed. >> yeah, well, look, we're really proud of our results in the third quarter. as you mentioned, you know, our margins grew our comp was up 7.6% and revenue up 14% and i think it's just a testament to, you know, the great restaurant teams that we have that are executing the chipotle culinary and what we strive to give for every transaction. we're fortunate to be rewarded with people's business and we want to treasure every guest with every transaction. >> at the same time, you actually call out dairy, pa

pack packaging, tortillas, avocados going the wrong way and operating margin 25-point increase from 23.5 i find that astounding with that many different costs going against you. >> yeah, look, the cost environment has been tough on a two-year basis, our cost is up over 20% and obviously, we continue to have some wage pressure but, you know, we've got a strong value proposition and will take pricing along the way but one thing that we've been unrelenting on is we want great culinariry, the food with integrity proposition that we promise everybody and until you give people exactly what they want at the speed at which you want it and that continues to serve, as well. >> it must be working because you did raise price but it has not hurt same store sales at all getting original menu additions, people like going through a little bit faster. they like going to stores and they certainly like the

chipotles. all these seem to be going your direction. >> yeah, look, we're very fortunate. all the access modes we got going, right, you mentioned the c chipoltlane, come in and grab your food and go and obviously, our in line experience where you come into the restaurant and our teams are doing a terrific job of managing access points and continuing to push the button as it relates to the food we really instituted a focus of going back to the basics i think we've demonstrated some improvement over time but i believe we can be better than where we are today our teams are focused on being better than where we are today what we can get out of existing restaurants while we build new restaurants. >> speaking of growth stories, there are things you're doing the pilot advanced technology, what you are doing

technologically nobody else is doing. this pilot, southern california, tell us about it it seems like you're getting out of the -- i don't -- the boring jobs and able to make people be focused like that tremendous gentleman that you have and the amazing ad that you've been running during the football games. >> yeah, well, look, you know, we really are pushing hard on how do we improve employee experience we know if we can do that we'll end up with great gustest experiences and some things we invested in are using artificial intelligence and really this idea of getting the better forecast so that our teams can prepare the right amount of food at the right time. the other thing we're investing in is giving people a better digital experience there is a lot of technology we invested in. if you order and show up at the wrong restaurant, we alert you you're going to the wrong place. little things like that go a long way and big things we're looking at which is this program we've invested in with hyphen, all about automating our digital

clients further so people get exactly the portions they're used to every single time. and then it's also super accurate and allow us us to go faster than today and takes the pressure off the in store employee of having to manage the front line and digital line. that's a big one for us and you're probably referring to the chip prototype where we're working on how to use a robotic arm to potentially fry chips and also investigating how we use the robot arm to cut, core aven avo avocados, onions some things people are surprised to realize how much prep is going into our business to do these fresh ingredients every day to give people the delicious burritos they love. >> some people say wow, that was a great new addition to the menu why don't think add things all the time i think that you can't and be sure that you got great quality. you do just as many as you can to be sure the quality is perfect. >> yeah, that's exactly right,

jim. there is -- you know, we like the idea of having some news at the menu but one or two a year is plenty because at the end of the day, we need our guys to be focused and teams focused on doing great culinary with the basics we do every day, right? people come for our guac and if we try to do new items, it's not a winning proposition. we have to balance what we bring onto the menu so it doesn't impact our through put nor does it impact our team's ability to execute the core menu with excellence. >> one last question, brian, i noticed that lower fees associated with lower volume and delivery transactions, is that partially offset by the higher food costs and wages but why is that we had our delivery today good as ever. i thought that was the new way. >> yeah, look, i think we're definitely seeing people get back to normal teams where

there's just i think a reduction in some occasions as it relates to delivery. one of the things we're seeing in our business frankly is more individual orders, more people coming to the restaurant in between, you know, whether it's a job or getting kids to activities but people are just out and about a lot more and i think they're returning to a lot more similar behaviors to what they had precovid. not to say that the delivery occasion doesn't exist not to say it's not going to continue to exist. i just think you're seeing now more of a -- i guess a balancing back to people's normal behaviors where when they need the delivery occasion, they want to taked advantage of it like yo and your team did today. i think the good news is our speed where you can run into our restaurants, get the food you want is the thing that separates us from everybody else. >> i couldn't agree with you more which is why i'm seeing people go back to stores we checked everything new. no matter what, we checked everything new why not? it's delicious

chairman and ceo of chipotle so glad you came on the show great to see you. >> "mad money" is back after the break. >> announcer: coming up, 'tis the season almost cramer talks toys with mattel. next [watch: heart monitor connected.] technology makes it easy to connect to everything from your wrist. [watch: speakers connected.] but to connect to all your clouds, you need more than technology. [watch: 50 feet to pin.]

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mattel has been a huge winner for the watchers of "mad money" but lately, it has let's just say cooled. what will it take to get back on track? the iconic toy maker was one of the biggest winners in pandemic but getting hammered by rising raw costs and fright expenses, a softer economy and difficult comparisons. tonight mattel reported pretty solid quarter, slight revenue miss with an eight cent earnings beat but they also lowered the

full year forecast across the board. while the lower guidance is mostly due to the strong dollar, we don't want to see it. so let's digdeeper with the turn around artist chairman and ceo of mattel to figure out what is going on. welcome back to "mad money." >> hi, jim, great to be here all and all, this was a good quarter for mattel with the ninth consecutive quarter of year over year growth in constant currency as you know, jim, we're operating in the midst of a challenging economic environment but our year to date result of double digit growth in net sales operating income and eps of 38% show that we are successfully navigating a complex landscape and our strategy is working. we believe our fundamentals are strong and we're very confident about our multi year growth trajectory. >> let's go right to it. strong category, vehicles but weakest category infant toddler

and preschool and i was surprised as i have a beautiful tina turner doll in front of me that the mattel barbie number the were not as strong as i would have liked. >> well, portfolio is resinating at very strong levels and we're very confident about the long term growth projof barbie. year to date, barbie is up in constant currency and an excellent achievement compared to last year, the highest year on record. look forward to next year which will have an exciting innovation pipeline, netflix and the highly anticipated barbie movie which will release in the summer barbie has doubled doubled in size over the last five years which really speaks to the strength in resilience of this incredible franchise. >> now, we just spent time up at

macy's in herald square flag ship square and we were kind of blown away by the assortment of barbie and by all the mattel there. how is that brick and mortar combination doing for you? >> yeah, we see shoppers returning to brick and mortar stores reopen and the economy normalizes portfolio is very resilient and well banlanced and seeing the portfolios rising and continue to drive increased consumer engagement and the relevance because of that, we maintained our guidance for full year growth in constant currency of 8 to 10% in net sales and expect continued increase of our business both top line and bottom line for the full year. >> now, on the bottom line, obviously, it was terrific there doesn't seem to be relief for cost are some things going your way

when it comes to making these great toys >> well, we do see a moderation of cost, costs are coming down especially in relation to ocean freight and cost of materials. we do expect inflation to moderate in 2023 and in addition to that, we are on track to achieve total savings of $250 million in our optimized growth program for 2023 between pricing and cost savings, we expect that to more than offset inflation and expansion over time. >> now, i want to go over two things the first one is what is going to be the hottest for the holiday season what toys should people start buying now because they will be out by the time we get closer? >> we have a very exciting offering for monster high to hot wheels, light year product, fisher price musical toy and of course, the dream house,

which is always a winner, always on the top of the list for shoppers over the christmas. we expect it to do well this christmas, as well. >> give me that movie slate again because i know that next year is the breakout year and i think people who may be thinking you know what? i've given up. they didn't do the big blowout sales. they should stay for some things -- something you promised one day would happen that will be 2023. >> we have an exciting 2023 ahead with the global launch of monster high addition of disney princess and "frozen 12" portfolio. the barbie movie, which we believe will be an iconic sensation and cultural event the barbie movie is now in post production it's shaping up really well and we could not be more excited about greta's vision and creative execution of this

incredible franchise and in addition to barbie, we have 14 more movies in development with some of the most prolific creators of our generation with j.j. producing hot wheels, tom hanks lily for polly pocket, vin diesel for rock em sock em rob robots. >> people may not know your background great film background. these are all big names. the importance of these different franchises to you and the company. >> well, people really gravitate to our franchises. we own one of the strongest portfolios of children and family entertainment franchises in the world and a key part of our strategy in addition to growing our toy business is

capturing the full value of our franchise intellectual properties and you start to see the beginning of it. we're also seeing tremendous momentum with mattel television that is thriving more activities on digital and of course, consumer product merchandise, which we expect would be another key driver for our growth and expansion. >> one thing i don't want to be caught up on, i know your competitor, i won't mention the name not doing well right now. do we think that there could be a slowdown developing in toys as people do other things now that covid has really run it course >> look, it's not a secret there are economic challenges out there that may impact consumer spending that said, the toy industry has very strong fund mamentals and demonstrated resilience during difficult economic times the industry has grown near to

date expected to grow for the full year and continue growing at 5.5% through 2026 according to the growth play is a behavior not going away parents will always prioritize spending money on children when it comes to quality product and trusted brands toys are also a strategic category for retailers and the items are affordable so fundamentals are strong, based on our research expect shoppers to spend more, the same or more this year than they did last year so all and all, we believe the toy industry is in a good place and will remain a growth category for the coming years. >> well, i want to thank you for coming on. have a great holiday season. i want the tina turner i'm taking her home because she's my favorite singer and mattel chairman and ceo, thank you so much for coming on the show. >> thank you, jim. >> "mad money" will be back

after the break. >> announcer: coming up, nobody is throwing shade but we are headed under the canape. cramer catches up with the cannabis company, next - yieldstreet presents: alternative investing with kal penn and older kal penn. - oh, the stock market is doing that fun thing again. - hey news from the future, you're going to live through that about 10 more times. (laughs) - oh, it's no stress. i just discovered yieldstreet. they vet investments that don't ride the stock market rollercoaster. - ooh. i think some of my gray hairs just reversed.

- yeah. you're welcome. - [narrator] become an investor today. yieldstreet: private market investing.

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is the market showing love to the cannabis cohort it has been awful and you know i've been saying that but earlier this month, the pot stock blazed higher after the biden administration announced a series of marijuana reform actions. not quite legalization although it's a step in the right direction and that has made me positive on the group for the first time in years. possibly more important, this morning we learned canape

growth, the canada company controlled by constellation brands has expansion of the u.s., a complicated move because there are a lot of legal considerations corporate governance but hugely positive sent the stock up 27% today. i don't think it's done. let's take a closer look with the ceo of canape growth corp. >> great to be here, jim. >> i got to tell you, david, i'm been waiting for this, a cleanup of the structure and waiting to get out of brick and mortar in canada, which is just a loser, waiting for you to have arrangements like you have with walmart. it all coming together at the same time the country is looking for a little rationality in how it regulated so tell me where you are now versus where you were just last year. >> yeah, look, for me the exciting news that we brought today allows us to take our destiny into our own hands and to really drive to become that leading branded cannabis north

american company that we wanted to be and we do that by merging our acerage business, the marijuana business and jetty business into one entity that we call canopy usa to take advantage of the market that has us so excited. >> at the same time, you know i care passionately about your former company, constellation. you get constellation gets to take advantage of one of the good things that happened with this new entity cano mpy are you sure it will work because it would also mean k constellation stock could go much higher. >> we worked very closely with constellation to develop this strategy and felt the best way for us to take advantage of this

big u.s. cannabis market was to allow canopy the flexibility to play this market in the ever changing regulatory environment. with this exchangeable share structure, can onstellation loos like they have what they need to aloe u allow us to execute the strategy it's a win for us and constellation and other shareholders, as well. >> i couldn't agree more let's talk about the nitty gritty here. when it comes to states that are approving, it's a title wave when it comes to the actual criminalization of cannabis, of this, you know, classic one felony, it just makes it so you can't invest in the companies. you can't give -- the retailers can't take credit cards. when is it possible this madness and i know it is so disorganized the fed and the states fight each other when do you think it can end

>> so two-thirds of americans live in a state where cannabis is legal the federal government needs to catch up and in the meantime, though, we're not waiting. that's what this structure helps us do a little bit we can begin to take advantage of that u.s. market and then, jim, when we get regulatory reform, whether it be safe banking or one of the bills in the house or the senate that would provide for broader per missbility, we just win in any event but we're not waiting, which i think is going to be very beneficial to our shareholders. >> and that's why i think that this walmart deal is brilliant i think most people don't know it's your deal because you got a lot of brands. tell us about that because i think this is about profitability. >> yeah, so when you think about our situation, i want to talk about the components of our business, right? we said as a result of this deal, our entire global cannabis will be adjusted ebitda positive

and then cpg business bio steel launched widely distributed across canada. that's now coming to the u.s. and we have that distributed in many retail outlets in the u.s. including in walmart. >> now, one thing that i never knew twpharma went out for a huge amount of money at what point do you think doctors will understand this and not oxy is the way to go >> we keep seeing more and more research all sorts of positive benefits to cannabis as a medical product and i think we need more ability to do research in the u.s. which congress

worked on legislation to allow that we need more ability to do research so we can continue to prove it out but every single thing that i look at from a research standpoint suggests it's just a winner we actually need the u.s. government to give us more room deschedule the substance so we can actually do the testing that would prove that point out. >> right right now it's only university of mississippi it's crazy now, one thing i want to be sure, you know i've been recommending -- i started recommending you as soon as president biden said what he did because i didn't want to give the foul to the feds my charitable trust has a substantial position in constellation. i know the companies are separate now you may not be able to speak as freely but is it possible if everything hits, constellation would be able to make canape growth one of the brands. >> it's possible i really rely on is that

constellation is going to remain long term investor of canape as a result of this exchangeable structure that we're rolling out today. that's super positive. i take a lot of comfort in that and who knows where this is all going to end, jim? i think the cannabis industry in general is waiting for a catalyst we're going to be prepared when that catalyst finally hits. >> you and judy, my favorite from goldman have figured out ho to make this a great consumer goods. i think it's an exciting story and i've not said that about a cannabis stock in many, many years. congratulations on the cleanup and on this new deal i think it's really terrific, david. it really is >> thank you, jim. >> that's david kline, ceo of cano canopy growth. i'm recommending cannabis stock. "mad money" is back after the

break. >> coming up, cramer takes your calls and the sky is the limit a fast fire lightning round, next 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 ♪ let's have some fun. alright. [announcer] marc benioff [announcer] and bret taylor! you excited to be here? this is going to be huge. [michael] i want my daughter to have a livable world. [marquita] i just try to keep a [marquita] growth mindset. and the sky's the limit. [manish] you are capable [manish] of anything. [manish] the only limitation is [manish] in your mind.

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lightening round is sponsored by t.d. ameritrade. >> it is time, it is time for the lightning round, rapid calls, play the sound, and then the lightning round is over. are you ready ski daddy? time for the lightening round. let's state with ushman in texas. >> caller: hey, jim, thanks for taking my call big fan of yours

been watching for two years. so here is a question, so i have paypal down 50% on both of them and i also have a position in disney so question for you is should i take some loss on american eagle and paypal -- >> i don't want to offer tax advice i can tell you american eagle is trying to make a comeback. it's very, very difficult. paypal did well today. they are already on the road to i'd say redemption let go to mikey in oklahoma, mikey. >> jimmy, the wizard of wall street, how are you doing? big boo-yah to you. >> i'm doing well. what is going on >> caller: i know you don't have a crystal ball can you please, please look in the future of a company called micro vision and tell me what you think. >> it's a $3 stock i mean, it's a dice roll it can go down $3. stocks stop at zero. it is losing a lot of money so therefore it's not my pick let's go to ricky in utah,

ricky? >> caller: hello, jim, how are you doing today? >> fine, ricky, how about you? >> caller: you know, same old thing, just working. i watched your show many years and everything but this is the first time as a caller. >> okay. >> caller: my question, it's kind of a two-part question. i have an app on my phone it's called robinhood. >> okay. right. >> they're saying my first investments are -- my first stock is free. are they go a good platform to go through and -- >> well, you know, i don't really -- i don't really make recommendations on which platform is the right one but do you have a particular stock we can talk about >> caller: yeah, verizon. >> verizon has got that big yield but they're taking it -- it looks like att is past them and i'm concerned they're going to have to spend a lot more to get back in competition with att

so right now i cannot recommend the stock offe verizon how about arun from new jersey >> caller: hello calling from your home state of new jersey. >> thank you. >> caller: sbny signature bank i. don't understand the price action given the rising interest rate environment and reported earnings last week. >> you're absolutely right i think the stock is probably incorrectly valued but it does not have a big yield most bank stocks have a good yield and are levered at the yield curve so to speak. this one only has just the yield to the yield curve and doesn't have the yield itself so i think it's just not -- it's not going to react as well as traditional banks. let's go to ken in georgia, please, ken? >> caller: hey, jim. >> hey, ken. >> caller: hey, i really like the prospect of alternative fuels but i would love it if i could have a company that currently makes cash and turns

out a dividend, as well. i'll do my best sam elliott impression and cmi. >> i think that is a great company. this is the stock working around this environment it doesn't really get hurt that much by rates. if rates do peak, it will do terrific but has superior products selling all over the world. i like it. that, ladies and gentlemen, is the conclusion of the lightning round. >> announcer: the lightning round is sponsored by td ameritrade coming up, just take the w, cramer explains a big win for the fed, next.

good luck. td ameritrade, this is anna. hi anna, this position is all over the place, help! 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 profile tool, in thinkorswim®. yes, i love you!! please ignore that. td ameritrade. award-winning customer service that has your back. - yieldstreet presents: alternative investing td ameritrade. with kal penn and older kal penn. - oh, the stock market is doing that fun thing again. - hey news from the future, you're going to live through that about 10 more times. (laughs) - oh, it's no stress. i just discovered yieldstreet. they vet investments that don't ride the stock market rollercoaster. - ooh. i think some of my gray hairs just reversed. - yeah. you're welcome. - [narrator] become an investor today. yieldstreet: private market investing.

so the fed got a big win today with a major home build r reported net new orders were down 28% as mortgage rates hit a 20-year high in response they terminated a number of pending land transactions that dove tails with a weaker than expected home price number that's the bellwether even if it is a few months old.

there is one problem housing prices increased by a third over the last two years so a small slowdown won't do the trick. while the fed's rate hikes have certainly curtailed demand for homes and that will cool inflation for everything that goes into a home, prices really haven't come down much until we see sustained evidence of out right declining housing prices, we don't have those yet, the fed isn't going to declare a victory. they will keep tightening. every mayorjor company that reported today, talked about how labor and parts go up. that's a great excuse to raise prices because there is no -- tends to be no alternative with this stuff greg hayes estimate that he has to pay $2 billion more for goods and compensation this year, which is roughly 500 million more than what he was expecting coming into this year. now, there is some inflation he's hired 27,000 new people but lost 19,000 old ones many took generous buyouts

during the worst phase of the pandemic coca-cola is spending more to bring you sugar water raising prices for the regular consumer with no end in sight general electric is seeing constant price increases from suppliers and can't do much about it if we're ever going to stamp out inflation, we have to find a way to make the price increases reverse themselves unfortunately, the federal reserve has only one way to make that happen but making the consumer feel so much pain that they can't take it anymore with the exception of housing, though, that hasn't happened yet. for example, many companies facing serious inflation problems say they're caused by a surge in travel. once again, we've had a behavior change since we got more or less past covid and has an unfort knit - unfortunate side effect. it can make people too insecure to buy things or plunge on

things they can't change human nature what's happened post covid is all people need to feel alive. that's what it's about and go somewhere after two years of going stir crazy i say it is human nature because people haven't been deterred by higher prices to go places other than housing, cost isn't impacting demand at the end of the day, people feel like it's safe to fly again because the pandemic reseeded and they're eager to live their lives. the vast majority of us have been vaccinated and no longer afraid of what will happen if we go to europe or disneyworld or japan. i'm betting that long change any time soon but at some point the prices will get so high that it actually causes demand destruction. normally i'd be confident the fed has the power make the prices go down here but we're not in a normal moment we're too close to the pandemic, too close to when we almost died so now we go places and we do things because we lived and there is not much jay powell can do to stop it unless he wants to

completely destroy the economy but i don't see him going that far and frankly, that's a very good thing i like to say there's always a bull market somewhere and i promise to help you find it here on "mad money. i'm jim cramer see you tomorrowneneththe e ."." starts now debate night in pennsylvania, two weeks until the midterms, i'm shepard smith, this is the news on cnbc. john fetterman facing off in a highly unusual setting, at the big board with numbers on a crucial race, plus in the florida governor's debate, the questions, will ron desantis run for president? >> the only worn-out old donkey i'm looking to put out to pastur