vix around 21. >> if we're going to get a sense of rally, banks look like they want to get unchanged. >> those footballers on argentina, you know there was a problem there. goldman sachs. my mission is simple to make you money. i'm here to level the plays 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 make you a little money my job is not just to entertain but to educate and explain how days like today can happen so-call me at 800-743-cnbc or tweet me @jimcramer. listen to me, a year ago today

the nasdaq peaked. the world we thought we knew came to an end and the highest of growth stocks began their slow motion crash and burn look, even on a good day like today and the dow gaining 398 and s&p advancing and the nasdaq climb 1.36%, doesn't come close to erasing the trillions of lost wealth that we've seen so we can't let one strong day throw us off the last year, which is big loses for your portfolio. much of these losses are concentrated in businesses hidden and sound very confusing, not exactly like each other. enterprise technology software companies that help other businesses do things more efficiently or help you digitize whatever hasn't been digitized here i'm talking about tech meant to remove the friction in banking or real else state or car buying or anything else.

others are companies that started cloud vertical andexpant other cloud verticals and ruin the competition. ma mean meanwhile, we've got gains in pro se companies, food, drugs, just enough to justify to say yes indeed there is always a bull market somewhere and what keyua created this market? the federal reserve. one year ago the fed decided to take away the punch baowl declaring war on the worst inflation in 14 years. that's the only common explanation for the declines but in many cases the underlying financials didn't change in the first six months we can start with big tech, fang these used to be some of the most durable stocks out there when the economy got weak, they got hit with a hurricane of wealth destruction

for age nothing has been able to stop amazon since they first branched beyond books but then they expanded too aggressively during the pandemic before the fed started tightening aggressively the stocks sunk from 179 at the close november 2nd to $93 because they've got exposure to advertising and cloud infrastructure those are two areas nobody wants to touch in this market because advertising has soften as it always does as a recession bodes and amazon finally got real cloud competition, not just from microsoft's azure but google's cloud offering amazon can recover after the fed starts same for microsoft that punched from 340 to 245. while microsoft has a dandy enterprise business including azure, their gaming and pc divisions are a nightmare. >> the house of pain. >> these two groups are untouchable. look at the chip suppliers amd, intel and nvidia down 50% for the year staggering.

netflix had been the envy of the entertainment industry but now it's the envy of nobody. the stock down from 659 to 286 is better than it's been the envying included disney, a similar plunge after hitching its start to streaming at least netflix is headed in the right direction for the last few months and all these stocks i prefer it. tesla's nosedive from 385 to 169 seems to be on going now that ceo elon musk is in self-administered twitter purge tory he needs to use tesla shares as a piggy bank when the company is being raided by softer chinese sales. alphabet is going from 196 to 197 and never particularly expensive to begin with. i don't even know what to say about metaverse which has gone from 345 to 111. advertising declines, crazy

spending, bet the farm on something new and different only one person can explain it. only apple has hung in there from 161 down to 150 big deal it doesn't have too much exposure to the advertising or enterprise businesses. that's what you want yet, apple is consistently the most -- it's always vilified what is with these people? i say own it, don't trade it and stop listening to them, whoever they are the most compelling thing i can say about these big tech stocks is that i think they only can come back, they're the best of the best even they need to get employment tables in order, though. i'd say the same about the top tier software companies, service now, salesforce, ato bdobe and workday. all are variations in the same story, stocks cut in half when the businesses had no such come downs but a lot more competition. their stocks got way ahead of themselves before the fed took away that easy money and the

market size slhrunk so they started going after each other's business how can you tell the difference? it helps to have been through this before during the.com collapse i had back then the rest of them never came back. not the stocks that were the hottest. those were the worst performers. now, let's go over some that were really hot that can survive but not come back. consider the darlings of the pandemic era paypal going from 189 to just under 80 door dash 201. 54 airbnb square, 211, 62. i don't question the survivability but whether they can revisit the old highs.relenb the better chip makers, amd nvidia we hang on to so many from the charitable trust the real damage is from the lowest quality cloud names and here we go let me give you a little bit of a survivor list maybe.

asauna and blend labs and ring central all about 85%. big commerce is an actual company down 84% d docusign, disco inferno down 83% fastly down 81%. at one time, these were huge beloved stocks will they ever come back listen, that's the ten worst of the wisdom cloud eft known as wcld but the losses are so stunning it ripples from the bosses to the shareholders to the service providers, the lawyers. the accounts, ad firms, bankers see the writing on the wall. don't get me started on fintech. the if i were's collapse from 123 to 12. upstart is worse 205 to 18 caravan that, 285 to under seven. all very .commish. how about the winner story burlington is up 32 points

today. what an amazing quarter. ross stores, tjx, dollar general, five below up packaged food plays really boring free house foods, eli lilly merck, like the action in big tech these moves are not about the underlying business but the fed's rate hike cycle money managers love to buy that kind of stuff when the fed is tightening i got to go back to these losers because the more you study them the more you realize how genuinely crazy things got wall street didn't care if the company had plans to make money. we only cared about revenue growth and multiples to sales, not profits. over the last year we escaped that but the mentality and the companies that pivoted the profitability seen stocks hold up better than the growth at all cost names what's the real take away from the collection of stocks simple, the business cycle is

like a gigantic wave that can't be bought by the vast majority of stocks. the companies can try from a downturn simply because the business is more or less recession proof. what drives me nuts is analysts that follow the stocks never seem to realize all the markets are staged and all the stocks are really players they have their exits and entrances and one stock in its time plays many parts. take away that shakespeare theme, the enterprise stocks were the most loved. they sounded like the businesses were always in the first inning and the world was their oyster and found they were in the eighth inning and suddenly time to make kpexits. the money is spent the great ones will come back but who knows when bottom line, never let it be said the fed didn't do its job they put the big ol' over heated stock market by raising a few percentage points and crushed stocks and increasingly rare cases the under lining businesses were doing fine

fighting the fed mugs game john in wisconsin, john? >> caller: hey, jimbo. >> john. >> caller: thanks for your help and insight. i'm a real big fan what are your -- >> oh, thank you. >> caller: -- thoughts on shopify. >> shopify will make it through this period. shopify will make it through this period and 35 with the market cap of 38 billion, i'm actually willing to take a position and bet it comes back to 33 and buy more while we're at it, let's go in this special prethanksgiving day show to willy in north carolina, willy? >> caller: hi, jim, how are you, sir? >> doing well. how about you? >> caller: i'm amazing i want to let you know santa claus is going to bring me a gift this year and the gift is going to be i'm going to become a member of the club. >> yes >> caller: that's the only thing i asked for christmas this year. i have one confession. >> absolutely. >> caller: the question is i'm

looking at way fair -- >> no, no, willie, no. we don't want to look at way fair it's too hard. we want bluer chips. we want better deals we want more of a stock honestly by williams-sonoma and this is for willie and everybody else, black friday, exclusive offer. join jim cramer, that's me and the cnbc investing club for discounted holiday price and then it even has this really cool thing, like, you know, right? and this is -- by the way, all you have to do is hold your phone up you go like this what do you do like this way or that way? is it this i'll ask my kids and subscribe never let it be said that the fed didn't do its job. on "mad money" tonight, hp reported earnings after the bell so what did the company have to say about the state of the pc market with analysts fearing a slow down? i'm breaking down the numbers all about it and oil has a tough

relationship with thanksgiving so what can the market bring maybe turmoil? i'm going off the charts and soaring more than 50% in the last month so could this be the beginning of a greater move? i'm getting the latest from the ceo. use this thing this thing gives you everything. stay with cramer >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer #madtweets. send jim an email to madmoney@cnbc.com. or give us a call at m miss something head to madmoney.cnbc.com.

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i guess we have. [both] finch! let's go! oh yeah! it's not the same. what could you do to solve the problem? we could get xfinity? that's actually super adult of you to suggest. i can't wait to squad up. i love it when you talk nerdy to me. guy, guys, guys, we're still in session. and i don't know what the heck you're talking about.

what happens when selling is better than fear that's what comes when it comes to hp, a pair of industries really struggling of late. i don't conon tknow anyone thats expecting a fabulous quarter the close isn't bad. they delivered a small top and bottom line beat with cash flow which is what this company generates big time the guidance could have been worse, feels similar to reported a mixed set of numbers yesterday saw the stock at 7% and while layoffs are per se odious. could this be the longer term recovery let's check in with the ce,o of hp welcome back to "mad money." >> hi, jim, good to see you. >> i want to pause at something which maybe you can tell me too high in the sky or not but there is an inventory glut for

sometime some point within the next six to eight months we should see a bottom and when that happens you have to buy the stock now to anticipate that bottom any chance that scenario could play out >> so first of all, jim, we know that we are facing a tough market environment we believe we will continue to face that during next year from an inventory prospective, we have been making progress reducing inventory we see in the channel and our expectation is by the first half of the next fiscal year, we'll be back to the normal situation. >> if that's the case, why is it necessary to take the layoffs? >> well, when we look at the market situation as i said before, it's a bit challenging and we see opportunities to build not the effort we did during the last three years to reduce the structural cost of the company and this is what we have announced today

the stock share cost we can't remove 1.4 million during the next three years but also with the same program we are going to continue to invest with the growth businesses of the company because we think we need to continue to do that to position the company well for the future. >> okay. so how many of the layoffs would be involved with the i'm grigs -- immigration of polly. >> the integration is going well it has been only two months since we put two companies together some of the layoffs are coming from integration but the majority are coming from the work that we're going to be doing to become more efficient to drive digital efficiencies and change the infrastructure of the company and also to simplify some of the investments that we do in our core businesses where we think we can reduce our core fee structure. >> you know i'm a big believer in your product and user and i wanted to know whether there say theory i'll bounce this off you

when we had to work from home we bought whatever p.c. we could get. we now want to have the best p.c. are you seeing a second wave of demand particularly in the pcs that have touch screen and lots of power and are light >> yeah, what we have seen during the last year is a significant change of mixed premium categories the hybrid work needs to have cameras and screens, more membory and this has clearly impacted the mix on the mapc space and this is whate expect to see going forward. >> are you in a situation where a curious mix where the high-end pcs, they're very hard to get. everyone seems to be in short supply if you go to best buy's website, they have every pc but a lot of them of your high end are really not available. is supply going to come in

are you going to get enough chips to make these? everyone wants one but they're awful hard to get their hands on. >> well, the supply chain situation has significantly improved under our things we have now are focused on a few inan units. next year we don't think the supply chain will impact our performance. it's all about demand. this is why we're driving to reduce the cost structure so we can become more competitive because our plan is to gain shares during fiscal year '23. >> go to your operating margins. they went from 9.1 in 2021 and dropped to 7.7 any chance they can get with the layoffs and with the idea some of your component costs are coming down back higher because that would generate more cash flow, which you know and i know is why people own your stock. >> yeah, where my teams have different businesses on the

print side we're both the guided range we have significantly above. the pc side is below mostly because of the competitive pricing that we see in the consumer space, especially in europe and this is why as we think the situation will normalize, margins will get better and because of the impact on the covid actions that we'll be taking. >> okay. so in other words, what you're telling me basically is an outlook that will get better and at this time next year you'll be spewing more cash so what will you be doing with it back to the buying back stock aggressive ly like before bigger dividend? what's your plan >> the strategy has not changed. our plan is to continue to return 100% in a free cash flow to investors we will be below leverage ratio of 2 x and unless other opportunities to invest show up like mna this is our plan during the last

two years and continues to be our plan going forward. >> i was concerned when i saw your numbers -- before i saw them i said god, i hope enrique delivers it may be the most challenging environment i've seen in your industry talking about double digit declines i think you perform rather remarkably and if we do get to the end of the glut and a better economy, your stock will be the best performer in the industry that's my feeling. >> thank you i think we are really focussed on doing what we say we did it in q 3 we did it in q 4 we will do it next year and this is why we're taking action now to both reduce our cost but also to continue to invest in the future. >> you are a man of your word. go ahead. >> recovery will happen but we want to be ready for it. >> exactly you're a man of your word and make projections and beat those

projections thank heavy ens because many people are missing them thank you, best of luck on your call >> thank you, jim. good to see you. >> "mad money" is back after the break. coming up a corn cop ya of oil. how to plan, next.

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as you plan, protect and retire. ♪ you want to get a real good read on this market? watch oil. because it's a clear barometer of the global economy because oil costs are a major component of inflation the thing about the oil market is it is prone to its narrative. when russia first invaded ukraine, the price of crude skyrocketed trading up to 130 and we never stopped hearing it was headed to 150. i heard a person say 200 when crude peaked over the summer you heard a lot of people

speculate it might be headed for a hideous melt down but a ton of bulls who stuck with it. it been trading in the 70s to 80s for the past few months and it's time to ask if the overall dynamic of the oil market could be ready to change you're starting to see some of the bulls cut their price forecast like jeff curry from goldman sachs who took his fourth quarter crude price target from 110 down to 100 yesterday and worries about the global economy, especially china's never ending lockdowns but commodities like to go off the charts with the person most right by far that's carly garner, she's so brilliant. she works as the cofounder of decarley trading she's my go-to person on dharts w -- charts on oil. ever since all things energy spiked after russia invaded ukraine, garner told us to stay calm and approach the oil market rationally like the irrational

people calling for $200 and said the triple l ddigit prices this year was temporary and sanctions for the west but russia never stopped pumping. it found different customers selling to india and china take away the worries about a major supply disruption and there was every reason to expect oil would come back down to where it was trading before the war. i thought that was an incredible call now that oil is more than round tripped the ukraine related gains, where does it go? where does garner think is next? for the first time nin awhile, she says there is hope for the crude oil bulls ahead but says there is going to be near term turbulence before oil puts in a true bottom. why don't we start with the turbulence the seasonal pattern of west texas, this is how oil needs to behave, tends to behave at any given point in the year, all right? you can see this as you -- the

oil market of thanksgiving, they have what i call a relationship. it tends to be ugly for crude. something garner had to learn the hard way some of the most devastating oil declines, one or about thanksgiving day take last year, she points out the oil futures fell $10 on the friday after thanksgiving. luckily, this was only a half day otherwise the damage might have been even worse go back further crude dropped 10% in thanksgiving week of 2018 and 2014 tumbled 14% this is not a coincidence according to garner. the problem with thanksgiving week is that's when we get the last trading day for the december oil futures oil trades mostly in futures at the same time, it doesn't help that there is always an opec meeting in late november, early december throw in the fact holiday weeks have varied like volume and any moves tend to get blown out of proportion because it doesn't take much to move a commodity or stock during these latter

periods. this year, yesterday, the 21st, was the last trading day for december oil futures and these moments of future expiration tend to produce a lot of volatility specifically garner says they exaggerate whatever trend was in place put it taught and get a recipe for a disaster in oil and this year, the pain might last a bit longer why? first off, this year the opec meeting falls on december 4th so the uncertainty could extend past thanksgiving week until we get the big bad event behind us. if opec boosts production, that's bad news for the price of crude. i don't think it will happen anyway, there it is. garner expects the lack of liquidity through the end of the year possibly beyond that puts downward pressure on everything. once the dust settles and this is interesting, she sees real hope for the oil bulls how come while thanksgiving week tends to be ugly, it marks the annual bottom crude tends to rebound hard through december and january which is what i'm thinking about. i'm thinking about this part the future

according to more research center inc there is a traditional buy for oil on november 29th that extends through the first week of january. okay now, specifically if you went long oil on november 29th, right, we get up to near that but not here yet and held through january 5th, you'd have a winning trade in 12 out of the last s15 years that to me is good odds. check out the daily chart of west texas intermediate crude. today it managed to give us a nice bounce. garner warns against trying to be aggressively buying post thanksgiving dip here. as she sees it, oil has support at 75. you see there is the support right there. okay and down from about $6 from here and if that level fails to hold, she can expect a quick move down at 70. maybe even 65 if things get ugly i'm not sure about that. remember, the president said he's going to buy oil here that

he sold right here perhaps the best trade the president has done, not that he's ever traded sell reserve here and then buy it back there. that is a joke i'm not political. once the price of crude gets closer to 70, garner thinks you need to pounce why? it falls at 60 you should be all over it hand over fist she didn't say this to me, hey, president biden wants us to be a buyer. that's what has to happen. why does she want to go more positive in large part, because she thinks the sellers will soon exhaust themselves typically the pain stops when there is no one left to sell because everyone who is going to get out has already done so. if you wait for the underlying fundamentals to turn positive, you'll miss the best part of the move you have to wait and watch for that moment of capitulation and that's where things get ugly and tells you the bottom is at hand. i thought the bottom is here and

i think she's saying here and i don't want to miss for the farce of the trees, i think anywhere around there is good enough. here is the bottom line, the charts are interpreted by carly garner suggest the selling of oil already occurred but she thinks there could be one last washout from this week possibly early through december and then that washout could take crude down to the low 70s or mid 60s once we get there she believes that could be the mother of all buying opportunities ut oh, one of the biggest oil bears is getting ready to turn bullish. not yet but likely the next couple weeks you know what? i have to tell you for members of the investing club, this is important because it's a big reason why we kept oil stocks in the charitable trust and ideally and you should become members of the trust -- of the club, we will want to buy more into this period and if you're not a member of the club, you won't know what we're buying or when hey, let's take some phone calls. let's go tony in california, tony

>> caller: hey, cramer happy thanksgiving to you and the staff. >> right back -- the staff, the staff is having a giant thanksgiving party without me. i looked at my executive producer is having a fantastic party that i was not invited to. it's a family party but who cares. she's family let's go to work with each other. >> caller: thanks. i'm thankful this year for your help and helping me get retired and making some "mad money." >> there we go that's what we want. >> caller: had a -- okay i want to hear about how you feel about pioneer natural resources -- >> i couldn't -- i went with jeff marks who is of course my c compadre with the trust. i said we got to buy, got to buy more pioneer we do not have enough pioneer. i think pioneer is my favorite oil right here right now thank you for the fine comments. let's go to greg in oklahoma, greg. >> caller: jim, boo-yah from oklahoma, how are you doing? >> i love oklahoma doing great.

how about you? >> great. >> caller: thank you for taking my call. what's your thoughts on devon. >> devon in oklahoma helped build the beautiful art collection with the finest french impressionist in the country and other than a couple art museums around here and i will tell you i think that devon will rebuild the position if it gets back to 64, 65. the chart signiuggests there co be one last washup 60s or 707s cos could be the bu opportunities. much more "mad money." could the transportation company transport games? i'm getting the latest >> then, what does a lemon have to do with jay powell? right in front of you and him. i'll reveal. >> all your calls rapid fire in tonight's edition of the lightening round is stay with lightening round is stay with cramer.

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>> earlier this month we got the indiana based, i said i liked it but ever since the story stuck with me because what bosch represents one part of the logistic food chain is doing well now just in the last month this stock rallied 56% and bosch reported a much better than expected quarter in late october. truly stunning numbers frankly

how did they do it let's go straight to the source with brent he's the president and ceo of wabash to learn more welcome to "mad money." >> thank you, jim. glad to be here. >> boy, i'm so glad you're here because i got to tell you, sir, it is very rare these days in a slowdown that is engineered by the federal government that we hear about present constraints to industry production and a need by your customers where they really can't afford to cancel because they can't do their job. how is this possible >> well, it's a great backdrop we had so much disruption with covid lockdowns and supply chain issues, labor issues and our customers have been under buying for three years. so much pent up demand and a logistics outlook full of so much disruption, one of the best ways shippers can lay in capacity is assets. >> at the same time, you have been pretty inventive. you've got a new truck that sends like a better mouse trap than the other guys.

>> yeah, we've always been an innovative company it at our core we got 7,000 people that show up every day to be innovative and we're taking advantage of the trends and laying in the resources and the focus to make it happen. >> so you do something that i thought was interesting. i never heard of this term before you curate your list of customers. what doecuration mean? >> these are blue chip customers like walmart, kroger, fedex, hunt, so we take a very purposeful approach. we try to make sure we have the best customer portfolio out there. >> i am walmart. i call you and i say okay, we want one quarter of all the trucks you're making what do you say to them? >> well, we say let's have a conversation, you know let's sit down and understand your interest. let's see where we align we'll allocate capacity where it makes sense for us but we have

to make sure it's a good deal and that means we'll work out pricing and reach a long term agreement that's a win, win for both of us. >> you have $1.7 billion in backlog in 2023. there's no way you can meet that that's -- you'd have to double your work force, would you >> no, our work force is in tact and represents 50% of our available capacity and you know what jim we're adding capacity with the existing work force through a capital deployment that will add 10,000 trailers for 2023. >> how are you able to get all the raw costs? the raw goods? how can you get the metal and semi conductors you need everybody tells me it's hard to get that stuff >> when you're a premium player in the industry and have supply chain relationships we have, we're doing better than the rest that's what comes when you're a premium provider. >> i'll ask a question that may -- i'm just going to ask it. how come i didn't know you guys? is it because you're a different name plates?

is it because you're where you live i like to think i'm a student of a lot of companies but wabash is quiet in my book. >> we've been around since 1985 and public since '91 we live in an industry that is not that well-known. but we've got some interest right now. we own our results and the expectations we have going forward. >> now, the companies miss hot market conditions. we are in a hot market when i read your conference call, jay powell does not read it it is on fire. look, just why is your industry not even been slowed by the higher interest rates you've had so far >> well, it goes back to the structural issues in the industry right now it goes back to covid lockdowns. it goes back to the disruption of the logistic chain across the nation near suring continues to

disrupt. it's enhanced regulation putting pressure on carriers all this means so much friction in the system one of the best ways they can take care of it is to add trailers, truck bodies, tankers, so on to make sure that they can keep those drivers and that freight moving. >> boy, does that ever make sense? you got 7,000 people you said work there we heard about the great resignation stuff. it sounds like if you pay people well and treat them well, they don't resign you didn't lose a lot of people during this period, huh? >> no, we're at a level of manpower that meets our needs going forward. it's about culture, jim. when you got a place people want to work and show up and buy into the purpose, our purpose is changing how the world reaches you with a little respect, you can do a lot of things. >> now, do you have -- i mean, look, not that i asked you, you can easily say no we have not to this question but i'll get deeper is there anybody else doing what you're doing >> we're the premium provider

when it comes down to it and we have the broadest portfolio in the industry from first to final mile our customers come to us because we can answer all their needs and we're the best at it. >> now, there is a forecast out there for 300,000 trailers next year in terms of production. is anybody concerned they say they take fed rates up from five to seven, people double ordered and everyone is going to be stuck with inventory. >> well, we've seen turmoil all year we've got zero cancellations to date we got orders piling up and we're not seeing on our customer base any concern with the backlog that we curated within our background and, you know, they still see a good 2023 even with the uncertainty that we have. >> you know, in china they black out the things they don't want to hear. i feel like blocking out what you said so the fed doesn't hear it because it's great to hear there is somebody in this country doing well, meeting demand, improving the product,

make it so it's more energy efficient ask doing a darn good job. the president and ceo of wabash, with wnc. thank you so much. >> wow "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 lightning round, next.

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a special offier i think you wil live thanks to willie for mentioning it earlier, this week you can become a member of the cnbc investing club with the best offer yet. scan this code or go to cnbc.com/cramer black friday now. and now and now it is time for the lightning round, buy, buy, buy, sell, sell, sell, play the sound and the lightening round is over. are you ready ski daddy? start with kathy in montana, kathy? >> caller: hey, jim, you know about exactly a year ago, you mentioned a stock that i had never heard of before for people who really love the outdoors like me. it's called vxto. >> right. >> caller: and i thought about what you said and i bought some pretty quickly after your show and i bought it in pieces so i got some between --

>> right -- >> caller: $19 and $20 and it more than doubled pretty quickly like a few months later so i sold the price of the shares. >> very good. >> caller: good. that was a guess but i figured -- >> good job. well, kathy, they're trying to change your stripes. they still have bullets. they did a lot of guns they got out of that they have a very low price multiple i like the stock it can be bought here. i'm not pushing it because people think wait a second, i don't want to be involved with ammunition let's go to craig in california, craig? >> caller: hey, jim, thanks for taking my call. >> of course, craig. what is going on >> caller: hey, i've been with you since the ckudlow cramer days. >> wow. >> caller: as a former michigan person, i follow the detroit lions so i know a thing or two about disappointment. >> not sunday.

>> caller: i recently purchased a stock in deer born michigan for $15 a share. so my question -- >> that would be ford motor corporation so now the question is can jim farly get the stock to 20? i see another bad quarter ahead because they don't have the right inventory. i need to go to hunter in louisiana, hunter? >> caller: hey, jim, thanks for taking my call. >> of course, hunter, what is going on >> caller: look, i'm a big fan of language learning so i was wondering what are your thoughts on dual li irkslingo -- >> everybody loves it and thinks they did a great job but not doing well fie so i'm not going to give it my blessing i need to go to michael in florida, please, michael >> caller: boo-yah, jim. happy thanksgiving from our family to yours. >> man, you're too nice. right back at you. right back at you. what's going on?

>> caller: we have a question in the restaurant space with great food and always busy and can rival cracker barrel in terms of market shares. ticker symbol fwrg. >> we have to do work on first watch. we don't know it we're busy eating our portillos. we'll come back and put something on first watch let's go to walter in my home state of pennsylvania. walter >> caller: hi, jim i solute you, boatuddy for a grt job well done down through the years. >> thank you, thank you. what's going on? how can i help >> caller: my question to you is about biotech company and umg -- >> it's not making money not for me i'm sorry, there are so many good ones. i have to say no to that and that, ladies and gentlemen, is the conclusion of the lightning round.

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see this this cost me $1.47 this stupid little lemon the basic building block from a good salad to a tasty piece of fish to a dynamite cocktail. last year i could get three lemons for $2 and there lies jay powell's real problem as he sits down for a thanksgiving family dinner and ponders what he can do to bring down inflation most lemons come from arizona and florida. these are hostage to weather which is bad for fruits but the zi zimpl fact is when we think why inflation is so bad, it's epitomized by this when you plant them you need fertilizer that skyrocketed in place because 35 to 40% of the global supply chain comes from ukraine and russia and pesticides that use chemicals. they got scarce. you need somebody to pick the lemons and there aren't enough

people that want to do this back breaking job anymore this industry used to rely on migrant workers but we have a closed door policy that drives them away so it costs more to find anyone willing to pick these. any machines to make the process are made of steel that's more expensive run on fuel that's gone up in price and maintenance, which is a nightmare not to mention spare parts that require semi conductors and the chips may be on back order because plants were closed for so long during the worst of the pandemic. everything is back ordered how about getting lemons to market we have a shortage of truck drivers which is just starting to ease. we have the diesel fuel cost which is just starting to come down we have the distribution center and trip to the grocery store where it has to be priced and stocked by someone then you need a cashier unless you got one of those automatic checkouts but even those need people because a lot of people don't know how they work. it sure feels like many links in the whole supply chain went

awall a wall because they had enough money from the stimulus checks because who could imagine washington would be so generous? regan used to say i'm from the federal government and i'm here to help. this time, though, it wasn't true except the sense that washington was too helpful. so now, back to the lemon. with all of those changes, do you really wonder why this is actually only $1.47? i'm surprised it doesn't cost $2 that's what the fed faces. there are only a few spots it can intervene in the economy it can raise the cost of burroing money so if you're buying food with credit card debt, maybe you replace lemons with lemon juice don't cut back on citrus but if jay powell wants to beat inflation, he needs to lean on other parts of the economy to make us feel poorer to the point where more people are willing to pick lemons for a living because they need the money. that's a terrible way to bring down the cost of lemons but it's

the only tool the feds got that's fit for the job and the job needs to be done because who wants to pay $1.47 for something that cost as fraction of that one year ago i like to say there is always a bull market somewhere and i promise to final it for you here on "mad money." i'm jim cramer see you next time. e wojcicki, the billionaire founder of game-changing genetics company 23andme, returns to the tank. my son has also been watching this show all the time. if i don't come away with a royalty deal, i'll really be in trouble. hi, there, sharks. our sales are on the rise, and we are ready to blast to the moon. i don't think so. what are your sales? $3.5 million. ohh! ohh! ohh! ohh! wow. amazing. we've sold out three times. i think the product is genius. [ party horns honk ] you guys are the american dream team. i'm a fighter. it's very important that you leave now. ♪♪ narrator: first into the tank is a simple device for a common problem.