has to sell november 3 calls that's an all-time high so taking money off the table there in oih >> all right thank you all for watching "fast money. see you back tomorrow at 5:00. 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's always a bull market somewhere and i promise to help you find it "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends, i'm just trying to save you some money my job is not just to entertain but to educate, to teach, to discover, to learn so-call me at 1-800-743-cnbc or tweet m me @jimcramer. for over a decade tech stocks

led the market and we forgot this group has often been a pariah but that's what tech has become it fame time to face facts like today where the dow inched up two points and s&p dipped and nasdaq tumbled 2 on.04% the guy that created fang and made it fang, met a platform, amazon, netflix and goggle i know why these companies used to be the crowned kings of the stock market they had little competition, great growth and no real economic sensitivity but that's not the case any longer. there are moments they can have a reser urresurgence, this makee market capitalization very difficult to justify even after

these declines now, it's been well chronicled but took 24 hours to rip the shroud out the glory of the acronym so let tip them down one by one by an idea what happened here because it's rather monumental first, the fang names are no longer er secular growth storie. many have no growth whatsoever they're well hostaged to the broader economy or to their own, let's say, incompetence. google told a story of advertising that didn't sound different from an old school tvrg television company hurt by ads. i thought those would be small potatoes versus the ad revenue they would get from anything connected to travel. forget about it. the disappointing youtube ad numbers should only get worse as the fed tightens in the end, it's a cyclical business that rises and falls for the rest of the economy. no longer does such a low price

journey multiple from met a platforms with bette than expected sales but also a huge short fall here these guys may be delusional they just may be delusional. the forecast r if the current quarter was lackluster why? the average price is down. it's proving to be a real money pit. hence why the stock is plummeting -- i shouldn't say plummeting hence why the stock is destroying everyone that owns it tonight, what a nightmare a hurricane of pain. you know what? we've owned it forever for the charitable trust and they can make everyone, someone who is a big one a chump delusional microsoft had plenty of growth

from remote work environment but that vanished because it's not like you need to by a new p.c. every year the gaming division seemed lackluster that's something you did during covid. worst of all was the prediction of a slowdown in asher the cloud business that was strong microsoft's quarter was excellent but the forecast from amy hood was egg lyug -- ugly. the endless claims still in the early innings of cloud adoption can be debunked. you don't get that slowdown in asher if the cloud is roaring. i think the cloud is probably in the fifth or sixth inning and there are way too many competitors, there are some like service now reporting a good number but few and far between google spending a fortune to approach customers that their cloud division from amazon and microsoft and do something to destroy everyone's profitability. if you're just now hopping on

the cloud band wagon, you're late to the game and i'm sick of hearing otherwise but they'll tell you because the denial is p palpable i did not say lie or fraud, denial third, there is so much competition the chinese video platform tiktok is crushing youtube like facebook. i was taken a back by how much damage tiktok did to google. the ceos seem oblivious or in denial about tiktok's power. maybe they're airing it. this is something you want to apply to people that went to stanford maybe their idiots idiots fourth, speaking of arrogance, these companies with the exception of apple have no idea how to read the room when you disappointment like alphabet or microsoft, you have to put it right up front

you don't obscure the short fall and tell us what a great quarter you had and never say you're going to hire 12,000 people within a few sentences of talking about the need to tighten your belt like alphabet did. it was embarrassing and unbecoming let me tell you something. you know when i say at the beginning of the show, it's not about friends but it's about money. i don't even want a friend out there after tonight. by the -- i don't care if they hate me. it makes me stronger by the way, the idea that google can spend money on anything and everything should be long dead plus, the end willless junking f search results do you ever try to use it anymore? we all need google but that doesn't make it a good stock as far as management goes, i'll say this if alphabet got lean when the cfo took over, they would be in better shape but they have a host of money losing side businesses many executives don't know these

businesses exist within their own companies. it's almost like it's beneath them let's make one thing perfectly clear. meta, like amd and nvidia but those are two honorable companies should have preannounced the short fall. it was way too big to keep secret no wonder the stock kept going down ahead of time that's why the government has these damn rules it's not kcrick it it's not how you play the game it's ill advised, unfair they're unphased they made so much money, what do they care? they destroyed everyone but what do they care what do they care? nobody enjoys firing people. i know i've had to fire some people in my lifetime but when you lose your secular growth status, you have to find ways to save money and not filling to si -- positions is not enough. you need to do layoffs,

reduction in forces, nobody wants to do them but they don't seem to know how to. i wonder if they think rif is -- annual reoccurring revenue, rif, can they come up with something? incoming force i don't know maybe i'll google it you can't. there is 70 things ahead of it sixth, we discovered last night the data center is a cost center i hear the price of electricity in europe is hurting data center profitability, i start thinking what the heck are these chemical companies and if that's the case, i'd rather own dell. it also makes me realize that the semi conductor companies, semi conductor industry may be an industry with the exception of the honorable people at amd and nvidia maybe that's not much of an industry the fang cohort can no longer grow their way out governments worldwide despise them they hate them the only thing republicans and democrats own, how horrible they

are? the biden administration in particular would like nothing more to destroy the companies. it's not just democrats. hating big tech -- when you speak to guys like mccarthy, i'd speak to him minority leader or speak to the majority leader, they -- the only thing you can say to then when they're disagreeing with each other, what you do you think of metaverse tebl tech companies typically pay little to no dividend but there is immense buybacks and generous dividends and many are much less hostage to the broader economy it's time to recognize that fang names got too big. can they turn things around? sure they really got to change the way they operate like we see netflix rolling out ads to beat new life at least they're trying. i think apple is trying. now, some of these companies can be reset meta, i don't know that could change the name again. they really do you can't be saying meta i don't know how about loser

i don't know anything it doesn't matter. i don't know if they can make a come back. the facts have changed and i have to change with them i believed i thought i'd be safe. i was wrong. bottom line, forget being leaders, big stocks are now followers in a post covid era where we're learning that their earnings were far more inplflatd by the pandemic than we knew if they're even emperors at all brandon in california, brandon. >> caller: boo-yah to ya, jim. >> boo-yah >> caller: my question to you, my good man, is i'm looking for a well managed asset management company to act for my portfolio. what do you think about blabck rock. >> black rock?

>> caller: yes, sir. >> it's run by honorable people that tell the truth as they see it and realistic and i would definitely recommend they are worth owning all right. look, am i hot under the collar? actually, i'm fine i'll be more upset if the phillies don't win the world series or the eagles this weekend but sometimes you got to blow off steam, particularly when you see trillion and billionaires unable to come to the fact they want to destroy everything you have. on "mad money" tonight, illinois tours reported top and bottom line beat. do you think they want to take everything you have? i think they want to be good tool works people and earlier today, we got the largest view of the mobile eye but could the intel spinoff be investable after today's big run? i'll give you my take and the wall street fashion show i'm talking to ceo once again, you know what? no harm, no foul chief stay with cramer

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manufacturer yesterday morning this company reported terrific beaten raised quarter, just a great set of results with management raising their full year organic growth forecast from 7 to 10% to 11 to 12%. that's extraordinary that put illinois to an elite company at a time when most industrials are struggling to post positive growth at all in response to $5, before tacking on another buck and change today. so how the heck did these guys pull it off? let's check in with scott, the chairman and ceo of illinois tool works beater read on the quarter and what comes next. welcome back to "mad money." >> hi, jim how are you? >> i am good thank you. >> good to be back. >> your 80/20 rule is working. your decision to be in the markets is working i want to get right to it. a lot of people are very worried about a slowdown and i know you're honest some places are slow the amount of business you're

doing and the percentage of increases are staggering what is your secret across so many different industries? food equipment, auto, residential, they are all so strong how did it come together >> well, i'd say we've done some really hard work in terms of keeping ourselves positioned back to the pandemic we had an opportunity to make a decision at the depth of the pandemic that was -- to really keep all of our people fully on staff, all of our team members around the world to stay invested in our businesses and ultimately position ourselves for the recovery and i would say that that is at least a significant part helping fuel results right now. >> i want to flush that out because scott, most of the companies i deal with in industrial lay people off and gave people big buyouts. those people never came back so when things got better, there was a huge scramble -- are you telling me you had your people in place and were ready to win with this recovery

>> that's exactly right. you know, in the depths of the pandemic, you know, we were a different company by then than we were back in the '08, '09 recession and had built a business that was much more profitable, operating margins solidly in the mid 20s and that certainly gave us some options in terms of how we wanted to handle and position ourselves. the decision to stay fully employed was partly a values based decision we thought it was the right thing to do to be there to support our people in one of the most uncertain times personally for all of them but by the same token, you know, we thought of as a really good business decision for exactly the reasons you talked about, to support our position and customers on the recovery was the right thing to do for the business and from the standpoint of our competitive position around the world. >> i'm glad you mentioned competitive. for instance, restaurant up 40 is extraordinary did other guys just not able to handle the orders and you took

them >> well, i'd say to some degree from the supply chain issues have been certainly significant. we are not immune but from the standpoint of our, again, decision to stay invested included staying invested with suppliers. we're a company that produces around we sell around the world and developed localized supply chains around the world and during the depths of the pandemic, we kept enough business going to key suppliers because we knew we would need them on the recovery that's putting us in a position where we can supply where maybe some other people are having for challenges in that regard. >> some people are probably saying that's an extraordinary business decision but you guys have been around for a long time and operate quite differently, not that you're willing not to sell a division but take automotive 26% europe, 23% in north

america, 29% in china. no one had that kind of growth people really pulled back from automotive but you didn't. you leaned into it. >> yeah, and i would certainly point out that, you know, part of the sort of positive in those comparisons are against third quarter last year that was probably the height of the chip shortage in terms of constraint on automotive production that being said, our ability to supply our customers as their -- this chip problem starts to ease and demand remains strong in the automotive business is certainly an element of gaining share with our customers. >> now, i'm worried about residential. you mentioned residentials, possibly getting soft. in the interim coming from -- for you, a remarkable level, even as others are falling by the wayside, what did you do in residential that made it so it was -- that it really just was magnificently even at all times? >> well, i would say through the third quarter business remained

relatively strong. we are certainly not immune as we talked about. we have definitely seen some things pull back late in the quarter, late in the third quarter, we expect those to continue. that's probably the most interest rate sensitive. it's only 6, 7% of the overall sales. i would say overall, that we have focused on the spaces of the residential construction market where we can deliver solutions to the customers and ultimately, that does -- our ability to innovate and create solutions does take cyclicality out of it. >> in the final moment, i want people to understand 80/20. >> okay. >> i mentioned it twice. it's clearly the secret sauce. others don't have it explain to people how it works for you. >> well, at a high level, 80/20 is the competitive advantage of itw, it's a methology we built

over the course of the last 30 years or so based on the 80/20 principle. we don't own 80/20 as a principle but the way we apply it and operate our businesses is essentially that we focus our entire businesses on out serving the relative hand full, the 20% of customers that typically generate 80% more of the profit and growth potential in any industrial business, at least, any industrial business that we've come across certainly and as a result of that kind of intense focus on a relative hand full of large important customers, we typically generate best in class customer facing execution in terms of cost, delivery, value ad, and also we generate typically operating margins and returns on capital at 2 x or better the industry average. >> look, i got to congratulate you. you're doing it right. others are falling by the

wayside. people are asking what is with this itw maybe it's just better managed which it is. thank you to scott, the chairman and ceo of illinois tool works well done sir and great to have you back. >> thanks, jim good to see you. "mad money" is back after the break. >> announcer: coming up, this company is self-driving their way to wall street all eyes on an autonomous ipo, next

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this wasn't a small time deal. it the largest ipo of the year as mobile eye became public in a $17 billion valuation and it was a little unusual because it was a publicly traded company not too long ago and was volatile, the over all performance was strong this is the first week in a long time where wall street was not terrified of the federal reserve laying tech to waste with r relentless rate hikes. still, it's a pretty impressive -- it's really very impressive intel could price the mobilized spinoff at $2$21 up a dollar most have not done that for the stock to open at $26 like the old days where finishing the day just under 29, that's up 38% from the place this is the one you want to get into and the action you might expect from an ipo a year ago when wall street couldn't get

enough of this stuff what does it mean? does mobile eye mean for the market and company okay first you need to know this company makes hardware and software for the auto industry there are major players in advanced driver assistance systems and if we ever get truly self-driving cars, i bet mobile eye will have a piece of that. they became public in 2014 with $5.3 billion valuation for selling itself to intel for $15 billion just three years later nice of course it never made sense for intel to have a self-driving car. when they bought it they told me it really fits in. i said how wall street likes straightforward stories, not complicated ones a fast growing business was never going to get the credit it deserves under the intel umbrella hence, the spinoff but intel retained the majority stake here, a ton of it. they want to keep owning mobile

eye but they know it will be worth more as a separate entity. financial leg dger, i don't know the extra cash doesn't hurt for those of urs w us worried about dividend when intel announced the mobile eye spinoff last december, we heard chatter it will be worth, okay, ready? $50 billion. $50 billion valuation. honestly, that didn't sound particularly crazy because the rich valued tech stocks only just peaked. the ipo market froze over and every tech stock got obli obliterated, intel scaled back the ambitions. they came public with a $17 billion valuation down from 50 but after today's bounce it's worth 23 billion, still less than half. in the end, the ipo price wasn't much higher than what intel paid for the whole thing back in 2017 but maybe their pain is your gain they have a good business. last year they had 43% revenue growth and while that slowed to

21% in the first six months of 2022, it's still pretty darn good when you consider that they were up a against tough comparisons. the revenue growth accelerated to 38% in the third quarter which is terrific. nearly all of this is coming from advanced driver assistance systems. you might not know this but this could be found in roughly 800 different models of cars and st trucks their system of chip have been deployed in 125 million vehicles and mobile eye keeps racking up big designs. over 40 last year alone. we know business remains strong because they ship 24 million systems on the chip in the first nine months of this year up from 21.2 million over the same period in 2021. what's not to like long term management thinks the driver assistance solutions can be employed in additional vehicles by 2030 54 million of these come from the business they just won just since the beginning of the year in short, mobile ielie eye has

tremendous demand. that said, they're not that profitable the company generated 276 adjusted the income in the first nine months of the year from 270 million over the same period in 2021 and look at the non-adjusted numbers, they had a $67 million loss, loss some of the difference comes down to stock based compensation although the rest is due to the developed technology seems a little weird that they backed that out. you don't normally adjust for am mortization. as part of the separation, mobile eye was issued a dividend note, basically up front payment of $3.5 billion that they'll pay back to intel over time in the form of dividends. other than that, they don't have much debt. i like that too. so where do i come down here i like mobile eye's growth although, it's a bit inconsistent i like that they're turning a

profit on adjusted basis with the margins expanding dramatically from 2019 through 2021 even as their operating margin came down a bit in the first half of the year, the balance sheet very strong. what worries me is mobile eye doesn't seem like a good fit for the market as many -- as much as i like the long term story and i really do, this kind of stock is totally out of favorite from the wall street fashion show for nearly a year honestly, if these tech stocks hadn't started bouncing over the past couple weeks, they would have pulled the deal if you think the fed will keep tightening aggressively, makes no sense to buy mobile eye be patient jay powell will give you a better entry point at the same time, advanced driver system base is incredibly competitive. you have nvidia, gm, i like them, met the management and smaller spac names the last time mobile eye was an

independent company they were more or less the only game in town they experienced tremendous revenue growth, the margins have come way down. you could argue that intel made the right call here because until a year ago, the market loved fast growing tech plays regardless of the profitability. that's no longer the case. of course, intel owns 94% so if they plan to sell down the road, that could put real pressure on the stock. i'm very worried about that. on the other hand, they just wanted mobile eye to get independent valuation. we have nothing to worry about but we don't know. let's talk valuation after the stock's monster move, mobile eye is trading at roughly 24 times back of the envelope earnings kakcalculations i like mobile eye the business i think mobile eye the stock will have a tough time once people realize the fed's war on

inflation is far from over if you want a piece wait for pull back down below $24 and paying less than 20 times earnings and that would be a nice price for mobile eye. let's take calls let's go to al in california, al >> caller: thanks for all the good help and good shows over the years. i've been listening for many, many years. >> awe, thank you, al, thank you. thank you. >> caller: my question has to do with the company, the food company snack food company utz, a good old pennsylvania company. they seem fairly cheap here at 15 now, it may be the one good spac in the barrel of bad apples so along with mp materials which you'll talk about later probably at some point. would you be a buyer at 15 i think -- >> i have to tell you, i'm going with -- look, i think you're right about utz. a lot to like.

but, you know, you know something? we're in a market where pepsi co is the way to go they have great snacks utz is too small cap for me. that's just the way i feel let's go to david in connecticut -- no, not going to get a chance we'll have to talk about mobile eye to say good-bye. i like mobile eye the business but i think mobile eye the stock is going to have a tough time. if you want in, i recommend waiting for a bit of a pull back much more "mad money" ahead including my exclusive is it time to back into the financials i'm learning more with the company's ceo and sometimes you have to discredit the market's judgment a few names may have gotten the short end of the stick and all your calls, rapid fire in tonight's edition of the lightning round. so stay with cramer.

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one of the big take aways from the earnings season wall street is showing love for the financials when numbers aren't perfect. take the missouri based investment bank, one of the best wealth management franchises in this entire country. this morning they reported a top and bottom line miss thanks to soft results in the investment banking division, not specialty. management cut the full year forecast a tad when all was said and done, the stock finished up 2.6% if this were a tech stock it would have been down 26% everybody knew investment banking would be bad and management told a terrific story about the management business. could this be the start of a longer term recovery given the stock is only up a few points from the 52-week low

let's take a closer look with ron, he's the long-time chairman and ceo to learn more about the quarter. welcome back to "mad money." >> jim, how are you? glad to be here. >> first, let's dispense something that's important happy 25th anniversary what a run you've had. tell me the difference between you got there and what the firm is like now. >> well, i can tell you i'm a little bit older that's one of the things that's changed. jim, when i got here, the revenues were 100 million. the market cap was 40 million. you know, we're pushing $5 billion in revenue our market cap got as high as $8 billion, obviously, we pulled back here. but the company has grown tremendously it is hard to believe that i've actually been a public company ceo in the financial services for 25 years i'll bet ya i'll jinx myself. >> no, no, no, don't say that.

what is interesting is things ebb and flow there was a time i had to be trading. there was a time it had to be private equity and a time it had to be whamma jamma consistent, stable, why are people finally coming around to your kind of business? >> well, i don't think they are, jim. if you look at where we're trading, i don't think people really understand the thriving diversified business that we have that is anchored by wealth management you know, we're -- everyone is gone it's been a difficult year but this will be our second best year ever in terms of revenue and profitability only trailing last year. so i do think that what you're saying is true i'm not sure that the market is appreciating it right now. >> all right so ron, i've been a believer you can have ideas yourself, come up with them and you can get direct trading.

there is nothing wrong with that you got that, too. i like to talk over an idea and say i like sea gate and if they ask whether it's a hotel you know to pass is it the sounding board for people that want to get wealthy before they blow their heads off? >> well, absolutely. take this mark and what a lot of people aren't thinking about, jim. i'm sure you are because you're a pro. what happened in the bond market, what smart investors are doing is they're doing bond swaps. when is the last time you talked about bond swaps, jim, where you can actually basically get the same bond but harvest a tax loss that comes from talking to an advisor. that's by owning individual bonds. that's true in stocks and in sectors and i believe that in the next few years, stock picking is going to matter versus there is no alternative equities, tina stock picking will matter. >> i'm happy you mentioned this

stuff which it music to my years. many people think one you can't beat the market. many people know that's not true if you do it the right way if you manage your own taxes and many people don't realize how to make money with their money of which people can explain to you. another thing you have that i really like, you are now i see the second largest provider of u.s. equity research i love research. i think people at home love it it gives them confidence you have decided to make that into a good, clean, honest business, right? >> we have i mean, we have built our intellectual capital around our research that is been a hallmark of our firm for really over the whole time i've been here so two decades plus you know, again, the market doesn't like that. they think research doesn'te add any value, i say it does i love our research and i'm glad you brought it up. >> your research is not owned is

the way i look at it when i read it, i think it someone trying to do their very best and it's helpful for me to make decisions another thing you do that people say the assets that are brokered go out the door every morning. right down the elevator. whatever all that stuff about how you can't keep people. it's the opposite of you i see you recruiting when you recruit these people, are they immediately creative and seem to want to stay. >> absolutely. we are an intellectual capital business we're not an app so you don't just hit an app to access our resources you do it through our people and our people do go down the elevator every day and they go home the good news is they come back every day. they like it here. we recruit people and when we recruit an advisor and we recruited a big team today, they're immediately creed. immediately. >> i got feel --

>> all about the business. >> great resources over the course of all these groups that want that backup and that honest backup that's really the key to what you guys do, isn't it? >> absolutely. it's a personal relationship business people want financial advice or at least a certain amount due. but look, we're coming into some tough economic decisions here, jim, and there is some cross roads, what the fed is going to do and not do and, you know, i think that you -- people want to understand what we think here at stifel. >> if you have informed people talking to you, at least you can be ready for whatever happens. happy 25th you've done a great job. the chairman and ceo of stifel thank you for coming on, sir. >> thank you. "mad money" is back after the break. >> announcer: coming up, cramer takes your calls and the sky is the limit it's a fast fire lightening round. next

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but with upwork... with upwork the hiring process is fast and flexible. behold... all that talent! ♪ this is how we work now ♪ it is time, it is time for the lightning round. rapid calms, and then play the sound and then the lightning round is over. are you ready, ski daddy time for the lightening round. why don't we start with josh in maryland, josh >> caller: hey, first want to give you a big old crab king boo-yah, jim. >> i could use a couple crab cakes, thank you very much i'm a crabby patty, what's going

on >> caller: what do you think of lucid group? >> i love the car. they're losing too much money and when i recommend companies losing money, here is what happens. my credibility goes down and you lose money i find that to be a devil's bargain. let's go to dave in my home state of new jersey, dave? >> caller: yeah, i want to know what you think about sampsa. >> i don't have to go overseas to lose money. no. >> caller: your take on flex lng. >> jimmy chill likes flex. why? because it's got a product we all need we need to get natural gas over there. it's easier to get it to europe than new jersey because they don't like pipelines in new jersey how do you like that let's go to alex in arizona, alex >> caller: boo-yah, jim.

happy wednesday. you once called it a best of the bad neighborhood i want to hear about charge point. >> the whole neighborhood went to hell. emanuel in new jersey, emanuel >> caller: yes, hi, jim. i'm a big fan. i got a question about coin base i've been investing in the stock for about a few months now do you think i should continue to hold onto the stock or sell s it coin base is down 70%. people actually trust it okay they believe in it and that is going to keep it from going down much more. and that's fine, not enough reason for me to own it and that, ladies and gentlemen is the conclusion of the lightning round. >> announcer: the lightning round is sponsored did t.d. ameritrade coming up, a view from the floor. cramer is in the thick of action from the nyse with some big

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sometimes the market just plain gets it wrong. especially at the height of earnings season when there is

too much information coming at us all at once every now and then a company will reach an inflection point for whatever reason it seems invisible to the big money managers who dominated action. let me give you three stories that i think were and are being misinterpreted at this very moment yes, we're taking our queue from the animals. i'm a stock whose intentions are good oh, lord, please don't let me be misunderstood. the first is constellation brands this is the beer and liquor company we own for the charitable trust constellation makes a ton of money off corona and modello, that is buried under the constant disappointments from canopy growth, the outfit that they own a huge stake in we had them on the show last night. the ceo david kline that comes from constellation and cfo judy hung, a former topnotch goldman sachs packaged good analyst

changed this company dramatically i see canopy making a term from losing a fortune to being profitable as they start to expand into the united states. at the same time, they ring fenced constellation the parent from the losses that might be generated in the interim it's a great plan. even if we don't get federal marijuana legalization any time soon, constellation no longer has to report can opycanopy's la ilts -- its over every quarter like i said this morning in the morning meeting for the investing club, it is time to. >> buy, buy, buy. >> constellation if you don't already own it let me give you another one destroyed by the market today. destroyed. chipotle chipotle is one of my absolute favorite companies i've been recommending the stock since it traded in the 300s. it closed today at 1476. that's right, 1,476 down $108.

last night chipotle reported what i thought was a terrific quarter. several analysts harped on the fact after putting through a series of major price increases over the past few years, the chain is too expensive for some people there are modest market share losses in small towns but in the end, they still put up tremendous same store sales growth up more than 7% remember, what we care about here is the met tric of same str sales. it may not return here immediately, i think buying it here makes a ton, ton, ton of sense. what i like chipotle is doing, here is what they really got they got extreme, extreme inflation. just terrible. and while they have the inflation and it's been going on for sometime, it includes avocados, dairy and beef, they think that they might be able to get a break on one of these. if they get a break on any commodities, you'll see a dramatic increase in profits take a look. there is a paradigm. we saw it with wing stop and

chicken wings just now it's nuts chipotle stock is down more than 6% today because it's worth sticking around at least for that raw cost inflection which i think might be upon us now. finally, there is one so despised that i kind of feel like i'm metaversing myself with this one it's boeing. sure, the quarter was messy. certainly messier in the conference call than the release. there were parts issues and big charges. and as usual management failed to execute as well as we hoped in the end of the day, there is tremendous demand for commercial aircraft and i like situations where there is a lot of demand we have this new economy, the traveling economy and it needs more planes. come on. how many -- have you take an flight that wasn't extremely full that's because there are not enough planes. boeing's ceo came on "squawk on the street" and talked about amazing demand for narrow body aircraft and much more lucrative wide bodies and didn't talk about negative things on the call -- when he was speaking an

interview with us which is why the stock gas cascaded they don't have a choice boeing's 40 planes earmarked to china for other buyers talked sour there are about 100 planes left that could be traded away too instead of going to china. if i were the chinese government i'd think twice about not taking down those planes. i know they want to make their own but it's not that easy to build an air space industry from scratch when the u.s. government keeps making it harder and harder to buy high quality semi com conductors airbus has more business than they can handle. there are only two companies on earth that can make commercial aircraft at scale and given the incredible demand for planes worldwide, somebody is going to buy them plus, boeing has positive cash know that surprised me. if like me you believe in the travel economy, consider buying the stock of buying, not all at once, please, it's way too

volatile c con constellation, boeing. there is always m mlllla a bub somewhere and i promise to find it here for you on "mad money.". "the news with shepard smith" starts now to decide who could control the united states senate, the chair recognizes the people of pennsylvania i'm shepard smith. this is "the news" on cnbc who should be involved in an abortion decision. >> i want local polite cam leaders. >> you said you don't support fracking. >> i don't -- i don't -- i support fracking and i stand and i do support fracking. >> pennsylvania's choice could decide control of washington who's taking pictures of voters at ballot dro