"options action. we are back right here on friday, next friday at 5:30 p.m. eastern time keep it right here markets were off to a really weird spread today close off in the green keep it right here 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. ma"mad money" starts now hey, i'm cramer. welcome to "mad money." welcome to cramerica other people want to make friends, i want to make you a little money my job is to entertain, educate and teach you. call or tweet me

when you get a red hot employment number, you might expect a brutal selloff as traders get swept away by total confusion but that didn't happen sure, we went lower at the opening but then we came roaring back dow finishing up 35 points and s&p declining .12% and nasdaq dipped .18% but a huge comeback from the lows today felt like a upon further review situations like in football where we initially sold off hard and bounced back as we looked at the instant replay on the slow motion camera sell everything down was reversed and the bull team kept the bull could it really be that easy yes. sometimes it really is that easy we've been in good news is bad news mode, a good employment report is bad for the stock market because it means the fed has higher interest rates but

jay powell said things are on track and took the numbers in stride at least with the exception of the tech sector which continued to tell you is troubling what could derail the somewhat rosie picture? how about a real spike in inflation, which if we get one this weekend, when the opec plus members meet there is a good chance they'll decide to cut back on oil production, which could push the price of crude up dramatically oh, that's a great place to start the game plan for next week because on monday, we'll have to deal with the consequences of this meeting i believe we've been benign. if the cartel raises output, they will make less money per barrel but if they lower output, something the government would not be happy about, keeping status quo is the gold deeie los solution not just on the american oil men and women. tuesday, auto zone reports all right, this is one that you

might be familiar with a lot of stores expect a great number why? they have given us great numbers for a decade and people go there for car parts when they need to keep their 13-year-old clunkers running and paying for a new car. auto zone keeps buying back a stock. i like it even up here we hear from signet. they typically trade down sharply to rally over the next few weeks as people realize wait a second, this is way too cheap. after the close, we get results from toll brothers, the home builder. it's worth mentioning bob toll, the brilliant philadelphia who ran the company for so long passed away in october he was a great guy that appeared many times on our show and incredibly pressured about the housing crash that got rolling in 2007 leading to the great recession yet this terrific man with a smile saw it coming other than that awful period,

the interest rate environment like now that said, the stocks are on going in the quarter and textbooks say don't buy housing stokes that could lead to a recession. i think that's correct but toll could get interesting if the fed ends up raising rates less than wall street anticipated. next, anything connected to enterprise software is in this market you know that. avoid, avoid, avoid. when will it end will it run its course we'll listen to a company called mongo db it another one of these ga zilln database situations and another one i'm talking about. cybersecurity company another sector beat up and seems to know no bottom. the best of breed and that letter s is a dog. where it stops nobody knows

wednesday we get results that fit the slowdown thesis. campbell's soup and brown foreman the maker of jack daniels. liquor is well in a recession, particularly beer is a different story constellation with the travel trust we know campbell soup is reinvented by its terrific ceo mark klauss and aldi is a terrific bargain hunting store they have done well. the only one that didn't was dollar general i am a proud soldier my aldi's is always packed game stop reports and find out what will become of this former battle ground. the company keeps losing fortunes does anybody care? i wonder if that will matter to the rabbit investor base they don't mind anything maybe put sandman freed on the board now that he's freed from the duties okay my sarcastic way of saying there is nothing here. lowes holds the on list meeting

and i want to hear alison suppliers and knocked around as the fed tightens and mortgage rates go higher. a real est and improving his stores an honest shrink nice way to put it on thursday we hear from the semi conductor company ago since the massive acre slowing, can pull a rabbit out of a hat costco reports, too. this is interesting. we sold some for the travel trust this week. in investing club members, we sold some gasoline has come down

i think the quarter will be fine if you own costco, you're banking on a special dividend and the latter seems the most recent data showed a clear deceleration and that was worry sisome to me. my favorite for the charitable trust is tjx we did an off the charts feature this week on lululemon that comes out thursday i think we'll be pleasantly surprised or ecstatic about the quarter. they are expanding and i like how the division is doing. i predict this stock will run up to here on the day it reports and people say what -- whatever, whatever they say. do you think i care at this point? if my mother called me an idiot, that would be a shocker. two straggling reports, chewy and docusign are covid beneficiaries. to the point where maybe they can finally be sprung?

i think chewy has a chance on an upside surprise. if it runs up to the quarter again, i'm worried about lulu, be careful the market sluhrugged off the employment number. i bet stocks go higher at the same time you get the latest university of michigan reading right about now we need a boost, a big boost if only to save christmas for retail where most of the money is made for retail, right just a six, seven-week period only that it might be too cold bottom line, as the year winds down, the holidays will become more and more of a focus the forecast is cloudy too many cross cards but if the job market stays strong and market is tame, we could be in for one more very good week. let's go to john in maryland, john >> caller: boo-yah, jim. how are you doing today?

>> i am having a good day. how about you, partner >> caller: great i watch your show every day, jim, and i watch it to learn. >> thank you that's what we're about, man that's what we're about. thank you. thank you. >> caller: i picked miy stocks i believe have a good bottom line and growth potential jim, what is your outlook forc i cmi cummins. >> since i first met them. we went to indiana and this is a great columbus company. i think it's fantastic own it for the long term it's a real flying mode right now as many of the industrials, i like the stock but, you know, those who are new to it, wait for it to come in. it's been on fuego charles in florida, charles? >> caller: happy holidays, jim boo-yah. >> same to you, charles. boo-yah. what's up? >> caller: thank you for taking my call and for your hard work in the market. when you mentioned united and

delta airlines, i really ran with it. i also got in the cruise lines like royal caribbean and with the travel industry taking off and sailing away, why isn't uber dropping off and away? >> i think that -- there have a lot of competition in food and up against door dash the economy lifts to go away i'm with you i thought uber was a buy i debated with jeff marks for the charitable trust because i think they announced the pivot towards profitability a long time ago and will do it and costco is a genius i think your uber you're going to be right with now, if the job market stays strong and inflation stays tame, another good week. on "mad money" today, here is one i know you want to know more about. sun run. quite a run of late, what should you do with it now i'll give you my take. is it time to try the apparel stocks on for size i'm surveying the space and revealing my favorites and you

called in and asked for it so we're playing am i diversified see if your portfolio can handle whatever this market throws at it 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 madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss something head to "mad momadmoney.cnbc.co. if your business kept on employees through the pandemic, innovation refunds could qualify it for a payroll tax refund of up to $26,000 per employee,

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i get this call what do you know about sun run a popular solar power company i

get asked about autoll the time. matthew is clearly a regular player too speculative. he wanted to know if sun run changed position that's a fair question, which is why i promise to do homework and come back to him i didn't want to dismiss it for heaven sake because when the facts change, you have to change your mind. i believe in it. so let's take a closer look. in a different environment, i can see myself getting very excited about this sun run this is the number one play on residential solar power in the united states with an 18% market share and we know solar power is the future they pioneered the solar as a service model where they install the panels for free. that's kpensexpensive. handle the maintenance and charge you for the power generated with the solar panels subject to the power that you get from regular utilities and offer the same thing for solar batteries and also power

management solutions smart stuff. good concept when you drill down someone has to impressive growth story they seen a tremendous increase over the years but at the same time they put a mag nificent revenue growth they had 300 million in sales that grewto 1.6 billion last year and on track to do 2.3 billion this year. definitely a great revenue growth story problem is, this market doesn't care at all about concepts and it's not particularly impressed by revenue growth. right now wall street cares about profitability level ls so sun run is in the wrong season when it comes to sun run the earnings story is actually a lotless consistent to put it diplomatically they never made money operationally. when they turn a profit in the past that comes from substantial tax credits. when you look at the operating income, it's in the red and losses have gotten worse in recent years there is nothing wrong with taking advantage of government

subsides they're there to be taken advantage of by all means, take advantage of every tax credit you can but what worries me is the tax credits here are a core part of the story. they're totally baked into the business model that means this company is hostage to congress, a high risk position to be in, don't you think? would you like to be hostage to it with the tax credit someone lost money in 2021 and 2020, two years, they're burning lots of cash, too. like i said before another kind of market this would be a terrific story sure enough, sun run rallied like crazy from the 2020 lows to the peak climbing from the high single digits to 100 look at this this is some run, right and change in this environment, guess what? it's a total dog yeah, by the end of last year, sun run had sunk to $34, okay, came right back down and like somebody revenue growth story,

it got hit in november 2022 and seemed a floor around $20. by late october fell into 18 which turned out to be a great buying opportunity bounced back to 32. you're welcome to own sun run with a long-term investment horizon but sun run is incredibly speculaspeculative. their cash flows are extremely negative and i care tremendously about cash flows and the stock trades like a roller costar, not for everybody and a market this risk reverse i figure the juice isn't worth the squeeze. still, you should understand what you're betting on when we talk alternative energy stocks, they're always somewhat tied to fossil fuels not the only factor but constantly lurking in the background when traditional energy gets more expensive, renewable's are more inticing. when energy bills go up, people look for other options you're betting on natural gas

and coal but in this market i'd bet on natural dividend or this thing. an oil stock with a big dividend looks like this. better chart let's really talk about a complication i typically don't do i don't like to talk about longs and shorts and who is pushing things but there a short seller from muddy waters coming on tv and came out against sun run in late july. the thesis is brutal, block argues they use realistic assumptions, specifically inflate the fair market value of their systems to recognize larger tax benefits and thanks to that, he says there's a real danger of the business going bankrupt this stock will be a nightmare the shorts have been crushed rallying 30% on the day, the very day that block presented the thesis that's because of a concerted effort among bulls to engineer a short squeeze with a mini game stop in the end, i have no idea

whether block's allegations are true this is the way i look at things like this. move on. it's a risk i don't want to deal with i don't have to figure it out. i just move on this one big positive here, there is really a positive that matters. president biden so-called inflation reduction act which includes major solar subsidies that specifically favor bu business, not homeowners that's baked into this thing, too. how about matthew's original question a month ago these guys did turn in a better than expected set of numbers including a huge revenue beat and smaller operating lose. more importantly, sun run earned 96 cents per share and a 6 cent loss and there is a number, a sudden turn to profitability might seem like a game changer sadly, not as good as it sounds. sun run had a loss of $355 million and losses to non-controlling interests, which is how that earnings per share number ended up in the black

in other words, it's not a real accounting game. to me, it's kind of a gimmick accounting thing i don't like that, either. some of the pollapologies to maw in new york. i can't get behind them. they expected to burn cash through 2026 let me give you the bottom line. i like the concept of sun run but not the stock, at least not now. there are environments where i'd be willing to bless something like sun run but maybe not sun run itself because that short report in muddy waters makes me nervous but it's hard for business to raise capital, some are pursuing a growth at all cost strategy and therefore i do not think it is worth the risk "mad money" is back after the break. >> announcer: coming up, when your portfolio looks good, you feel good. which apparel players are taylor made for profits stick with cramer.

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all right. before we put a bow on this week, we need to address one of the biggest upside surprises of the off cycle season with the incredible numbers from okta and 5 five below the environment as calvin kline and tommy hilfiger that rallied an amazing 10% in response to a much better than feared, the key term, better than feared numbers. apparel is supposed to be terrible right now we've been told there is an apparel glut across retail stores are desperate to get this stuff out of the door to bring in new merchandise and a highly promotional environment. yet, here is pvh delivering an

okay quarter to be clear, the numbers were far from great on an absolute basis but wall street thought they would be worse. not just pvh, we expected very little from the apparel plays like a number of retailers, some of them turned in surprisingly descent numbers, cramer fav ralph lauren you know is terrific and america abercrombie and fitch. how they defied odds and delivered btf, that's better than feared to powerful acronym the environment the one that wall street uses all the time. let's start with the most recent, pvh that the urn turned in a great quarter $50 million higher than the analysts anticipated and would have been up 7% on a currency basis meaning the real game for the darn strong dollar going down in recent weeks is -- that thing has to come down or we have a bad first quarter plus they took a 2% hit for the war

in ukraine and sanctions in russia not your fault in other words, when you take out currency fluctuations in gio politics, this would have been a pretty darn strong quarter pvh said they are seeing growth across all regions in tommy hilfiger and calvin kline with strength in international and real improvements in north america including the direct to consumer business dtc very important big margins. pvh made $2.60 per share and wall street was looking for $2.18. i said holy cow, big upside surprise excludeing one-time items down 7 cents from the year before why? pvh has higher costs i've been disciplined about managing expenses and raising prices. they're doing fine and the guidance was solid, too but the best part was the conference call stephon larson who is good laid it out i'll quote you our international market continue to execute well across both brands with increased

product strength and strong consumer engagement end quote. he goes on being out in the markets this holiday season, i feel very good about our performance end quote. holy cow he acre know acknowledges the cr sentiment has a strong execution. north america and by the way, they're incredibly big in europe they bracedthemselves for a weaker consumer and more professional retail environment. that's a nice downside to re rerire derisking. we feel good about the holiday season black friday weekend performance in line with the expectations on plan i wish they'd come on our show and talk about this. this would have been a great conversation and really helped you. they're doing especially well in europe and asia specifics on fire when you exclude chinese lockdown economy, aside from china, their asia pacific sales were up 30% year over year including a 15% currency hit

i know just keep it in mind that the currency is real not like it doesn't matter but it is absurd again, it's not like pvh had great results. i call these results resilient but don't you a tough environment, more than room to run. close watchers of our show remember when the stock was up here pvh gets the bulk of the stores from the rest of the world so they've been hit by the stronger dollar but it's finally going in the right direction plus what happen when is china reopens in e earnest? given the stock is selling for less than nine times earnings, you have my blessings to have it pvh got me thinking what we heard from ralph lauren when they reported back on november 10th this was another btf, better than feared set of numbers with

sales up 5 or 13% on a constant currency business and asia business up 17%. that was huge. ralph lauren had good control and pricing power, which allowed the earnings to come in higher than expected, too their forecast was solid but guided down the margin outlook why? strong dollar. that dollar got weaker since then just like pvh ralph lauren is doing better than expected everywhere tremendous strength in europe and asia and half of the chinese stores were closed during the quarter because of lockdowns rl was up 33% on a constant currency basis and even in the troubled north america market, they were up 3% and been disciplined about controlling cost and digital business is growing like a weed. that's where the margins are in. response the stock jumped up 6% in a single day as it should as i told you when they reported because i love the quarter we're tacking on another 9% gain

after the analyst published glowing reactions to the quarter. other than being well managed, we get the sense ralph lauren is benefitting from the return to in person work and general reopening because people need nicer clothes if they're not stuck at home all the time this is encouraging. this is before my wife cleaned out the midtown store. that will hit next quarter and look, this is a pattern here, people we got better than feared results from contour brands, the parent of lee and wrangler jeans back in early november spun off from vf corp and delivered such a big earnings beat it was enough to send the stock up 10% in response. we saw something similar, i know, very inexpensive stock this one, too. we saw something similar in tapestry, kate spade, up 19% best one, the parent of michael kors, versace and jimmy choo

even one that you don't -- that i'm not crazy about, american eagle. they don't seem like they've done anything right and abbeer c -- abbeer com bee, too negative on apparel the overall environment means you don't want to throw out the baby with the bath water flchlt are well run apparel plays that can do fine in a tough environment. bottom line, after the huge run in the apparel stocks, i recommend ringing the register in the lower quality to swap into something better like pvh or lululemon which reports next thursday people are going back to work and want to look nice and these are all the stocks that benefit. why don't we take some calls let's go to manny in arizona,

manny? >> caller: jimmy, happy december thanks for having me on the air. >> glad you called in, manny, how can i help >> caller: your opinion on zillow during the real estate down turn and how they compare to houses.com. >> i think zillow say poorly run company and really better as a site i'm tired of companies that are better sites than companies. they screwed up and did this house buy sell i said was bad at the time and got out of it and i need to see a better management team there yes, that was harsh because i am harsh if they lose you a lot of money. let's go to william in maryland, william? >> caller: hey, jim, how are you doing tonight? >> doing well. how are you? >> caller: doing well. i want to give a shoutout to my business teacher, boo-yah. can i take up a position in under armor or stay away >> new ceo, new people in there.

i am a big fan of kevin plank but it is a show me story and i know you don't mind me saying that because he knows i told him listen, i got to see what is going to happen. that's only fair i recommend ringing the register on the lower quality apparel and swap into something better pvh, ralph lauren or lululemon much more "mad money" ahead including cramerica fav am i diversified and a red hot employment number and the averages didn't get frthrushed what is going on and tonight's edition of the lightening round, so stay with cramer.

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having a well ran portfolio is one of the most important parts of investing so i like to teach my viewers how to diversify to protech them from the whims of the market. you can't have all tech, all oils that's why we play am i diversif diversify? call me, tell my your top five holdings and maybe you're not diversified enough and so with that, let's kick it off with tweets let go to johnny on twitter who says @"mad @"mad money" at c cnbc @jimcramer, i love it, i'm a big fan. join the club. i am teaching like mad in the club jeff marks and i every day, we urge you to join the club. anyway, thanks our staff and our staff is terrific and he's got

five stocks. honeywell, united health, meta, goldman sachs and palo alto. very interesting because he knows i like these stocks. we own hu humana goldman sachs we own morgan stanley. you know i like goldman sachs. honeywell is the key aerospace play meta, that's the old facebook very good company. we own a small position on it. very good rework cutting costs to get them in line with the revenues and palo alto is the finest cybersecurity the question is this cybe cybersecurity the same as meta no it's fortunately, unfortunately advertising. that's what it turned out to be. this is a cybersecurity company fantastic financial.

i'm giving the portfolio a total blessing and thank down for being a member of the club do i -- why do i care so much about the club that's my primary way of teaching now i do this and i do that. now let's go to bobby in kentucky who must be lucky because he's from kentucky bobby's got, let's see >> caller: hey, jim, this is bobby atwell retired military. att, pfizer, dow chemical and chon thanks a lot for all you do for the investors out there. bye. >> i'm always -- you think what i do for investing is what he's done for our country don't worry, the comparison is not lost on me this is a real guy we're all real you know what i mean att not my favorite. i like t-mobile but he likes the yield and the yield is cut i don't like that. dow chemical, jim doing

fantastic job. really nice dividend altria i'll give the dividend due. chon, c exxon more than a better story a. drug company, a company i do not like and don't like the management terrific chemical company and tobacco company i don't recommend the stocks but understand they give you good yield and a fine oil, i prefer chevron but that's a diversified portfolio. next, andrew in north carolina andrew >> hey, boo-jizzle jim, my man currently i have numerous stocks but top five for your show purposes, no particular order, we'll go tesla, eli lilly, palo alto, taijuan semi and ulta. rhetorical question but am i diversified or not

>> ulta had a good quarter sh stocks shouldn't have been down. don't read anything into the action today let's go to work taijuan semi is a ground foundry. they will do more here semi conductor foundry palo alto number one cybersecurity play tesla, has anyone in the world -- hello 8 billion people on earth. there is nobody yet i met that didn't know tesla. eli lilly nice move again today so did the rest of the trucks. we're in it for the obesity drug, not the alzheimer's. stay tuned a ulta with a great more than 30, 39 million members i mean, to holy cow i'm a member by the way and love the app. so we got a retailer we have a semi foundry that is what we're looking for that is it let's see what john in wisconsin has for us john >> hey, jimbo, it's john from

wiz wisconsin. happy holidays am i diversifidiversified? proctor gamble, ups, kroger, abbvie, shopify. >> ups, nice yield i think they will have a descent holiday. abbvie is a good drug company. we've made a huge amount of money for the charitable prus trus -- trust and moved on worry about al beerbertsons and didn't talk enough about that. we're starting to look better for the club for that finally and shopify, excellent quarter this is an online fulfillment. this is a transport, a drug, a supermarket chain and a consumer products company more perfection -- john rocks that's it. i hope everyone, there rare a lo

of club members i know "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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we all have a purpose in life - a “why.” no matter your purpose, at pnc private bank we will work with you every step of the way to help you achieve it. so let us focus on the how. just tell us - what's your why? all right. before we get started with the lightning round, i want to remind everyone this is the perfect time to join the cnbc

investing club we're serving up an incredible offer that will end soon sk scan this code with your phone or go to cnbc.com/cramer cyber monday now and now, it is time for the lightening round play the sound, and then the lightning round is over. are you ready, ski daddy let's start with rick in florida, rick? >> caller: hey, dr. cramer how about them eagles? >> oh, man, love the birds love the birds, what's up? >> i need your opinion intermediate and long term on paramount group. >> all right yeah, this is not the -- this is not the entertainment company, this is actually a real estate company and it is very inexpensive but at the same time, i don't like office real estate so i'm saying cheap but

maybe a value trap let's go to adrian in illinois, adrian >> caller: hello, jim, first time caller and long-time listener i want to thank you for sharing your knowledge with us and teaching me to be a better investor. >> thank you, adrian appreciate it. how can i help >> caller: okay. with the request to break our alliance on fossil fuels, i've been reading more and more articles regarding nuclear power, even this morning cnbc had an article about a lot of money from venture capital moving into nuclear power. like to know if ukrrakrranium i good investment. >> we recognize it's clean energy and have to understand there are no consistent plans right now in this country for g nuclear power, it has too many enemies and with that, it's not worth investing in

ken in california. >> caller: jimmy chill, what is good >> what's happening man? >> caller: i got a stock that hit an all-time high 2023 is the stock picker's market trader fav, extreme networks, extr. >> extreme networks. came on many, many years and i saw him when the super bowl in minneapolis won the eagles won that was, what, february 5th of 2018 i saw him and you know what it's a very good networking company, unfortunately the stock is up in a straight line too high and won't mind if i say let's let it cool off a little and do buying. let's go to jeremiah in texas. >> caller: hey, cramer, this is jeremiah from texas. big fan. whatever i look at a stock, i look at the financials and deep dive into it i really like super micro computers incorporated what do you think? >> it's a quandary to me

it's incredibly under valued and high growth. seems too good to be true which means we have to go to ben stoto chef, we all call each other chef that has many other reasons that has to do with the show. the guy that first told us to watch it never did but i think we have to go to stoto to figure out what that company does and why it's so cheap. donald in my home state of new jersey, donald >> caller: good evening, boo, boo, boo-yah jim where is nvidia going? >> nvidia had a nice bounce but good inventory issues. we heard that yesterday. great company, big inventory problems allowed the hyper scale inventory built up in the system i think there's goes through and done and is flushed by the first weeks of january and will be in better shape it still may be -- i own it for the charitable trust and did sell some because we don't like the situation where inventory is in control

let's go to kate in georgia, kate >> caller: hi, jim recently i saw -- >> hi. >> caller: good to hear your voice. i saw another contributor and he specialized in charts on cnbc and i really respect him and like him matter of fact, he did one on eli lilly matter of fact saying it would break out but i knew it probability because i'm in the investing club. >> perfect. >> caller: recently he did one on gold and i did my research and i looked into it and i decided to go with one of the positions in the bullpen and i want to know how you feel about it how do you feel about barrack gold >> i've liked it and continue to like it. it's got a good yield but the problem is, the dollar has to get weaker and in that case, the chart is good you can be a buyer of barrack gold and that, ladies and gentlemen is the conclusion

of the lightning round >> announcer: the lightning round is sponsored by td ameritrade coming up, what's good for the goose is bad for the gander? take a gander as cramer unravels the peculiar impact on stocks, next with innovation that lets you customize interfaces, charts and orders to your style of trading. personalized education to expand your perspective. and a dedicated trade desk of expert-level support. that will push you to be even better. and just might change how you trade—forever. because once you experience thinkorswim® by td ameritrade ♪♪♪ there's no going back.

last night i spent the show

speaking how good news is bad news when the fed is tighting meaning which is good for the economy can be bad for the stock market with more aggressive rate hikes to come. we got red hot i'm employment numbers but terrific job creation and higher interest rates didn't plummet they rallied hard from the earlier lows the fed is relentless in the rate hikes but did little or nothing for hiring what you think they did is not raising them we created more than 260,000 jobs in november, not far below the month before despite another 75 basis point rate hike from the fed, the fourth in a row is insane when you think about it according to the wall street playbook, it means the fed needs to go on the warpath to stamp out inflation. meaning lots more massive rate hikes to come but maybe that's the wrong way to look at it. that's when i started thinking

it's the wrong way see, when you break it down, lots of these jobs, 88,000 were added in less sure and hospitality. doesn't that make a ton of sense? people rushed into what they could do and employment in the hospitality industry is below the prepandemic level by 980,000 positions or 5.8% more jobs to come there 45,000 were created in health care, another industry on pause during the worst phase of the pandemic is now simply catching up on its old growth nearly everything non-urgent ended up getting postponed so ds could focus on covid and added state and -- all the governments added 42,000 workers as many stayed in these flushed with cash beyond the fed's control on top of that construction and manufacturing combined 45,000 people and that number will go

higher as the federal infrastructure money goes higher and we need more money to build bridges and tolls. none of these are sensitive to rate hikes they won't stop when the fed rate goes from 5 to 6 and that's one way you must look at it. don't look a horse in the mouth if we want a soft landing and we do, we need industries that need layoffs to keep inflation down we want lower inflation that doesn't mean we need mass firings. jay powell told us to expect a 50 basis point hike at the next fed meeting. he had to know what the job numbers -- he didn't have probably in front of him but real sense hey, i do see a lot of layoffs coming i am surprised we've hadso man guidance warnings in technology but so far the firings are few and far between after you get past the 11,000 people that meta had to let go. i'm surprised so many of the 600 companies that received public money in the last three years had places like here and the new

york stock exchange. we're at the new york stock exchange, you may not know that. give me like just -- show -- see, look at that. see? it's all there it's all there look at this it's here, too just want to keep people -- see. new york stock exchange. this is where a lot of money is raise the. many of these firms should have ran out of money by now but it hasn't happened. incredible maybe they're good at conserving it there are enough warning signs out there it's clear the rate hikes will impact far more employers, maybe not the government ovr health care or construction software, fintech, entertainment, all of which are vulnerable many of the marginal ones are holding on by the skin of their teeth. it's a good idea to slow down the pace of the rate hikes and scale down the size, too not like the economy is teetering. there are more jobs than people but we've gotten so many

warnings from corporate america in the last three weeks one more 50-basis point rate hike can steer us to a softer landing rather than a crash landing, which no one but the rich bears are hoping for i like to say there is always a bull market somewhere and i promise to find it here on "mad money. i'm jim cramer see you monday i'm like, "are they okay?" "no, no. they're dead. narrator: the victims -- a retired pharmaceutical executive worth millions... ignatz: he knew what he liked, so he got what he liked. narrator: ...and his most recent wife. she told me, how nice he was to her, that he liked to take her places, that he had money. narrator: when details of the crash don't add up... we had no answers at that point. just a lot of questions. narrator: ...a shocking discovery brings the real story into focus. anchorwoman: the mystery of what happened to ken and celeste abbott is starting to unravel and becoming more disturbing.