carter dan? >> ge. i would not be buying this one, either, and i have a bearish position. thank you for watching we'll see you back here tomorrow at 5:00. "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 make you some money my job is not just to entertain but to teach you, educate you so-call me at 800-743-c nnbc or tweel tweet me @jimcramer. if you believe everything you

read about the economy, you think we have a recession boom or expansive retraction. somehow it's great and horrible. that's why this market seems so schizophrenic. we have so many negatives within a wildly positive frame work that we can't process what is going on hence how the market could open so horrendous low and rally off the lows to pull back again but the dow finishing off 35 points, much lower at one point, s&p slipping 6.1% and nasdaq losing 1% lower at one point. the seller seems convinced the economy is about to get weaker because after last's week red hot unemployment number, half a million new jobs, unemployment rate down to 3.4% the federal reserve has to lower the boom on us, correct? fed chief jay powell speaks tomorrow if you think he's about to bring the pain, it makes sense to sell ahead. on the other hand, the buyers. >> buy, buy, buy. >> they scoff at the entire logic. they said the fed chief couldn't

cause a recession if he tried. it doesn't seem like he's trying given the hiring is so robust, they're not worried about the fed. they figure the only outcome is a soft landing for the economy, which means it's foolish to sell now since you'll be buying back the same stocks at higher levels higher levels in order to get in ahead of the turn in 2024. i fall in the latter because the job market is resilient and i have faith in jay powell's ability to land the airplane safely despite any near term turbulence to be truly rigorous, you have to challenge your assumptions and thesis that's something i teach members of the investing club every day including last saturday. always chanstising myself when get it wrong you can never just say hey, i don't know i'm brilliant. so let's layout the bull case and bear and rebuttal so you really get how difficult it is right now. for instance, first the fed

chief himself, my belief, my belief is that when powell tightened too aggressive will in late 2018 taking a very tough game of lock step rate hikes, we hate those he learned how important his words are. i'm betting he will not be dogmatic again the bear trader is simple. cleaning it up in 2018 and rates too low after the pandemic totally leaving out he was late because he was worried about the omicron variant. never mind it's much fast tore tighten central bankers around the world. the gang that couldn't shoot straight if that's his cool of central banking. in their eyes, he's never gotten it right and will tighten us right into a huge recession. the bulls respond that wages barely budged last month so why does it hmatter if we can create half a million jobs, that's a best of all worlds situation but the bears think that's absurd since we

were only looking for less than 200,000 new hires and anything beyond that could cause businesses to raise wages because we have an obvious labor shortage in the country. other than the bulls say wait a second yeah, the layoffs. we just saw 6650 people laid of at dell. that's a6% of the work force those are big ones how many privately held tech firms had to go under because they couldn't raise money? to the bears that's not meaningful at all because the layoffs are happening in tech and aren't big enough to move the needle for the whole economy. they say you can't just go by these noisy silicon valley layoffs. they're not meaningful so the bulls respond powell has already committed to a couple of quarter-point rate hikes he probably had some insight to the labor report that came out that number was an anomaly given the weak data, the weak pmi

reports. things are still deteriorating, the economy, oil keeps dropping. look at the ridiculously low natural price of gas just ignore the employment number the pearsbears aren't buying it they say it right to trust the employment number. always i agree with them on this. you can never asterisks, the labor report and if we keep getting fig tures like this we'l need more rate hikes low term interest rates are more important than short term. the bulls come right back. it's exhausting. the world's economy is making a comeback thanks to the opening of china that is the engine of global growth and eurozone getting stronger buy, buy, buy. but the bears have the ultimate check mate they say if the bulls are right about the rest of the world getting stronger, than commodity inflation, the one kind of inflation that the fed is already crushing completely is

about to make a comeback if that happens, things will go completely awry, higher natural gas, higher copper, higher aluminum and higher beef and chicken. a nightmare if you're worried about inflation and that's the fed number one concern in the end, i'm not a macro hound. this is not my world okay i'm a micro stock picker focused on individual companies but the way we view earnings from a company is entirely through this macro prism. even if you don't agree with it, wall street looks at the world this way and wall street is in charge right now despite the boom in hiring where typically it means retailers are terrific, the stocks that are acting the best are the dollar stores and discount outlets thinking about dollar general and burlington and tjx and full price doing just okay but got jacked up to $27 by ryan cohen,

the savior of game stop trying to shake things up after taking a major position you know i said sell, sell, sell into this and today we got the true colors. the stock plunges more than 8% in '24 because the full price retail isn't working despite the 500,000 jobs created last month that would be great for full price. i know, it's totally counter intuitive. i never seen anything like this economy in my life the non-pharm payroll report supports the notion of a soft landing. you simply can't get a hard landing when you're seeing this much job creation. as for those who think that the january number over states our growth, that it's somehow an out liar, listen, i heard many, many times that complaint but never been true, ever. i'm not willing to say a good number is a bad number because somehow it will force jay powell to raise interest rates like crazy and throw us into a recession.

that's unhinged. powell said he wants disinflation and that's what we're going to get pretty much everywhere outside of wages. and he's making progress with wage inflation, too. if he can beat inflation without bottoming the entire economy, you'll be a buyer and every dip that will happen i think he's pulling it off. i'd say the bond market is wrong. long-term bond yields are much lower than they should be and lower than short ones signaling a recession and i think that's simply incorrect and don't sniff. t the yield curve can't predict anything you have to have a world view. my view is propowell the economy softens without a recession which is bullish soft landing case strengthened not got weaker on friday the numbers period. >> buy, buy, buy. >> end of story. trey in texas, trey? >> caller: jim, i recently finished gregory zuckerman's

"the greatest trade ever." i don't want to get ahead of myself but is there a reversion to the story detailing my unprecedented foresight and allocating my entire portfolio into target before it became the largest company on earth >> huh target isn't that large. smaller than walmart you have to rethink your game plan even wikipedia could get you more -- i don't want to be too critical i wouldn't worry about that one. you got that one off base. let's go to mark in massachusetts, mark? >> caller: hey, boo-yah, jim how ya doing >> i am doing well how about you, mark? >> caller: doing great doing great. so i'm having trouble here, jim. i've been holding this stock for quite sometime now and i know you have to. i'm wondering if it's the right play in the e.v. market or move on to something else it's been at the same price now, you know, for over a year, for

actually five years ago if we look back it was the same and i'm talking about ford automotive. >> yeah, mark, i'm worried, too. and jim farley did leave $2 billion on the table i made it clear my charitable trust will give ford the boot this quarter because farley says they must do this quarter. i agree. if they don't, it has to go. i made that point in this really terrific investing club meeting this saturday. you can go replay but i really am putting the feet to the fire. you know, it's time. it's time that ford got it better you know it and i know it and otherwise, it's time to go all right. my view is propal. t -- powell. the soft landing strengthened not got weaker and beat on the top and bottom lines last week but inventory remains high is that worrisome? is the stock left out in the cold or headed up? i got the ceo. then is the rally and s&p going to run out of steam?

we'll go off the charts and find out and can the bull market with the ad sector i like so much continue in 2023 we'll go to the largest seed and crop protection company. we'll speak with the ceo "mad money" is back after the break. >> 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 800-743-cnbc miss something head to madmoney.cnbc.com.

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back in october i told you

business and apparel and foot ware company, mountain hardware, colombia brand after a rough year played by supply chain woes, currency fluctuations and weak demand from china, things were looking up at the time colombia had ran from 65 and now going to 77 and going to $98 and change. the highs last week however in the last few days, the store has gotten more complicated. last thursday night colombia reported and headline numbers were strong, the inventory levels were high we have to worry about that. worse, management's full year earnings forecast came in weaker than expected and caused the stock to tumble 3% on friday 2% today that said, this thing did indeed run for 65.98 so due for a pull back how concerned should we be talk about the invenn in invent.

let's talk to the chairman and ceo. welcome pack to "mad money." >> thank you for including me today. >> tim, there are so many new things happening so much in foot wwear i happen o be having the new colombia, techno hiking yesterday with your amazing boots that are light but strong what makes you so confident foo footwear, typically sorrell will be the driver? >> the only thing that wears out is footwear and there is an opportunity to capitalize on outdoor activities that people enjoy so much so engrained with them when they were outside with their families during the pandemic and there is just enormous opportunity for us. we're just now even i call it 8, $900 million worth of sales between colombia and sorrel going to the scale we could be important to the retail comm community and consumers are

footwork. >> with sorrel, they're incredible warm if you want the warmest. has it mattered that the winter was not really cold at all >> you know, so much of our product line is winter related be it sorrel or colombia it's always better when it's cold and europe this year was one of the warmest winters ever but that having been said, we had a good opportunity to clean up had it not been for the supply chain impact that really was resinating all the way through q 4, we would have had a much bigger year. but we're in a position with our balance sheet where we can be very surgical, understand how we're going to inventory and a lot of evergreen styles that we rely on to support the business. >> well, i'm glad you mentioned the balance sheet. it's rock solid. no debt. what i thought was interesting is boy, you really stepped in and bought a ton of stock.

shares with a lot of money confidence for yourself more than anything else you can say you're that confident that 2023 will be a pretty good year. >> yeah, you know, we look at these things over a very long period of time and we make share buybacks when it's appropriate on the price of the stock and to enable us to be much more profitable and as the largest shareholder, i'm a big proponent of the business long term and we'll make sure we have the right balance sheet to allow us to invest when others can't. >> well, that makes me feel more confident about the ballooned inventory number, which i know in the both in your call and the deck, it was very clear you said listen, don't worry about it we have outlet stores to come off. stop thinking about that and start thinking bigger about the future it a good analysis of the way we look at inventory. >> yeah, absolutely. we have these chain of outlet stores globally and we can

measure and put the inventory out there at the appropriate times. the channels that a traditional apparel company would use, tjmaxx, burlington, et cetera, those guys had so much invenn t -- inventory coming at them, it would be impossible to have a profitable liquidation strategy and this system we can use our own stores and be much more profitable. >> i'm glad. i hate to see the football in the channel. i don't want to see it at tjx. i can't resist this and i'm sure you figure it's coming you talk about demand creation and one of the major, let's say, pillars of demand creation is jalen hurts. from the philadelphia eagles. >> it's been interesting, we did it serendipitous we dealed with jalen hurts and his career in september. it's terrific he's going to be in the super bowl and we'll be able to link that organization

to ours and i think it will be terrific with any luck, it's going to be frozen wherever -- actually, it will be phoenix so not frozen but sunshine we make products for sun, too. so we think it will be good. >> well, one thing is for certain, you've always been a very forward in what you're doing in terms of the internet and in terms of tiktok and demand creation. who does that for you? i think you're better at it than most companies >> well, thank you it's a bunch of people actually the best people for tiktok for us are business in china and they've done terrific jobs there selling product on tiktok and we use them here and it's a combination of people, our team and marketing is really exceptional. >> now, one thing i did want to know, i was shocked to see the eurozone numbers they are extraordinary. >> what, i'm sorry >> the eurozone. >> our team is focussing not

only on the biggest customer, intersport international, sporting good operations, it's a big, big business. that plus this specialty ecom stores like azos and zalando and others and the teams have been focused on how we can properly market our products in those kinds of envenvir environments o well great job. >> these are great numbers i can't avoid the fact it looks like the capitol behind you over your right shoulder. what are you doing there >> it's interesting, we got invited to meet with the administration with vice president harris to talk about a focus that the administration has on countries in central america where we're producing goods, that would be el salvador, honduras and guatemala and obviously, the plan is and

the expectation is that with greater investment and production of textile products people will be less likely to want to move north if they have a job and they can sustain their families we're a big supporter of that. it's an area of the world where frankly there is a lot of opportunity with employees and there is a lot of opportunity to bring products in with duty advantages so we can be much more competitive in the united states and we're encouraging administration to help those countries work outside of the u.s. in europe, in asia to allow the products to be made there and exports into the countries duty free. >> it's a great cause right here and why not help them? and i totally agree. tim boil, president, chairman and ceo of colombia sports ware. thanks for coming on the show. >> thanks jim. "mad money" is back after the break.

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we just got an order from a dinosaur, colorado. start an easy to build, powerful website for free with a partner that always puts you first. godaddy. tools and support for every small business first. now that the market is cooling off after a tremendous run, what's the prognosis going forward? we're in a weird moment now as i said at the top. we're constantly trying to guess the federal reservist next move meaning focussing intensely on every data point get a read on the market's next move and the misofs of an earnis season with stunningly positive quarters, we can't stop playing the darn fed speculation game. the fed is taking rates from 0 to 4.5 in less than a year incredible if this is a guide for aggressive rate hikes should be enough to send the economy into

a 'tail spin and bringing the unemployment rate to the lowest level since 1969, 3.4% and made progress fighting inflation but commodity inflation. it's hard to tell if we can maintain that progress given the lack of major slowdown outside of silicon valley. remember, worried about wage inflation now. anyone telling you the fully understanding the economy, we're in an unprecedented moment that requires guesswork and subjective analysis and that's why i sometimes like to take a more quantitative approach to the stock market as represented by the emotionless technicals. that takes the emotion driven analysis out of the equation can be helpful on certain moments like now so tonigh we're going off the charts with the help of a brilliant technician who is teaching im.academy fsx the stocks and futures academy and you can find her on twitter on queen of fibs because she can give us a read on the market you need to understand where i'm coming from here look at this chart

this is a weekly chart of the s&p 500. it's important to analyze the october lows, you see this remember, as i see it, october is one when the bear market dien the bull market took over. after long-term interest rates peaked, it was a more positive backdrop, not for mega cap but tech but everything else and at the time boroden says there were a bunch of signals to let you protect the bottom or at least an important low she likes to measure past swings in the stock or index and comes up with key levels by running them through the filter of fibonacci ratios, a math mat k constant flower pedals, pine cones and they show up on wall street. don't ask me why i have no idea i know it happens with alarming regularity and you can bank on

it this did call the potbottom let's go further boroden used this method to spot important prices or dates where security is likely going to change its course. it's direction when you get a bunch of them clustered together as we did october 7th, the bottom, because more and more probable that something big might happen so you can see october 7th around the bottom we had five b fibonaccis where the odds of a reversal were high boom that was the bottom. look for a reversal within a week of these dates, a week before or after and the s&p made the low a week later the low came the day before. why bring up all the stuff that happened in october because if you know it worked in the past, you can spot changes in the

future so now let's check out the weekly chart of the s&p 500 more oriented to what is happening now. unfortunately, boroden spotted some this moment we have six of them this week alone which makes you think the odds of a bearish reversal are higher than we'd like. that's the confluence, okay? then we have three more time cycles coming due in the end of the month, the weekending on the 24th see the -- i'm sorry boroden says when you look at the daily chart, you have similar timing cycles forecasting the same thing, which is not a pull back but meaningful of course, because we have these time signals coming due that doesn't guarantee a reversal but adamant we need to prepare ourselves for the possibility february will not be a good month for the market and watching for any signals to ring

the register and protect your profits. beyond the issue of time, she doesn't like what she's seeing on the price front boroden uses the same method for past swings and goes through the fibonacci machine and comes up with the most likely points. they are running against a firm ceiling of resistance. between 4192 and 4199. i'm sorry, i don't want to make this so you can't see it okay which by the way is where we topped out just last thursday s&p peaking at 1495 for a close and there is another ceiling at 4253 with one more ceiling. she thinks the s&p might struggle to jump all, in other words, if you can't get through this it won't be static. boroden isn't telling you to

turn in the towel, she's throwing the yellow caution towel because the rally could stall out and time and price are against us now, i know you don't want to hear this but she's actually debating whether she should be more negative so look at the s&p 500 daily short. she likes to look at the five-day moving average and 13-day the five is in blue and 13-day is in red. the shorter term five-day, again, the blue, exponential moving average goes below the 13-day when it flips in the other direction bllike the beginning january it flipped if you bought in the month of january at the very beginning, you're in heaven right now you can see this triggers has done a good job keeping the

right side of the market right now it's in bull territory, which is the saving grace because you know what i feel about this market i'm bullish. if the blue line goes below the red line, you need a lot more negatives so we'd have to see a reversal hasn't happened bottom line, the chart suggests the incredible rally might be running out of steam if not in the next couple weeks than by the end of the month she's not saying you were headed for a brutal near term decline but you might want to pull in your horns for the next few weeks. maybe trim some of the stocks. we did this for the inv investig club even bull markets will take an occasional breather and the one i believe is happening now could be tested during the month of february why don't we take some phone calls. maybe get someone on this particular topic let's go to justina in connecticut. >> caller: hi, jim.

>> hi, justina. >> caller: is now a good time to invest in exxon? >> i'm thrilled you asked me about this we had a challenging period this weekend on -- we did our fabulous teaching, our investing club teaching data in florida and the monthly club meeting and i was adamant oil is to be bought, not sold oil has a four here and the ones thrown away should be bought i'll say absolutely, yes, your exxon call, buy some, not all. jeff marks and i were talking a lot about not buying all at once but i like your call, exxon. now let's go to wayne in california, wayne? >> caller: jim, oh my gosh i love this call i bought 15,000 shares of uber am i in or no? >> it reports on february 8th this week. i personally feel that you've

got -- look, i'm a big believer there is uber and lyft and lyft isn't doing well and uber is it's just far out in advance you'll really know it. i think therefore you're fine but don't get to aggressive. that's enough. it's just a very complicated thing that's going to be much better for you in the out years as they call it than right now the chart is interpreted by carol boroden says it might be running out of steam and pull in your horns if things go negative near the end of the month. all right. much more "mad money" ahead. i'm sitting down with the ceo of corteva to see the planning season and profits for 2023 and balloons might be a big hit at parties but why the chinese spy balloon leaves little to celebrate on wall street and maybe not a laughing matter like you think and all your calls rapid fire in the lightning round is stay with cramer.

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>> last year we had a phenomenal bull market. the bread basket of europe created shortages all over the world. take the stock that rallied 24% last year despite the hideous backdrop for the market. not bad. last week they reported another impressive quarter with 16 cents per share more than triple thanks to a strong sales higher margin great crop protection numbers and the full year forecast came at weaker than anticipated so the stock is sold off for that quarter down 4% last thursday. keeps going down what does it mean for the ag

bull market? over can this be a buying opportunity? let's check in with the ceo of corteva to get a petter read on t -- better read. welcome back to "mad money." >> thank you nice to be here with you. >> your company is amazing and the most consistent way to play an ag bull market. let's go into this issue is it peaking? are we dumb with the every year going up when i read your stuff, i felt weak about corn. i started thinking maybe the ag cycle was in its, let's say, last phases. >> we certainly think the outlook for 2023 is very healthy and quite constructive the bottom line is that the world needs to produce more food you mentioned the russia ukraine situation. that put really big dent into the food supply and really put

stress into a very fragile food system to begin with our view in 2022 was a very good year we saw strong demand for our products and really, when you look at 2023, we think it's more of the same. we actually believe 2023 will be a very, very strong year for seed, for crop protection products because look, what we need to see right now is farmers invest in their crops and operations and the only way to do that is produce more food and that will get the supply demand back to where it needs to be so we don't see quite the same food inflation we saw in prior years. >> right brings me to what the stock goes down and there could be a lot of pressure on earnings do you think the market is acting incorrectly to what you said >> look, last year we had double

digit sales and earnings growth. we saw a lower cost and much higher margins across the board and that was really driven by the strength of the farmer, not only here in the united states but globally and farmers were prioritizing investment in production and looking at 2023, we believe the same setup is possible for the year for 2023. when it comes to the view of kind of how the stock traded or the weaker outlook, we are very constructive on '23 and we believe that the setup is very similar to 2022. but this is the time of year where there is a little more uncertainty. don't forget that crop is not northern hemisphere so corteva where weather can inflaw wedn -- influence it, we're cautious until the crop is not ground. >> that's helpful to me.

no sense in saying everything will be great if there is a drought. i remember when you commented about argentina and i hadn't thought about that being a pact tore -- factor as far as the growth, i think these crop protection numbers are extraordinary and it seems like the more rmd you put in, the better bang for the buck you get. will that continue >> yes, so we did two really important things last year we took a really hard look at the overall portfolio in the footprint and to be candid with you, we had too many products in too many countries so we made tough decisions to simply and stream line the overall company portfolio and in the next two years, wie will exit several commodity based products over 30 countries. but what that is going to allow us to do is focus our investment on unique and different products and technologies to really give farmers something that is special, something that they really need to drive production on their farms

so our plan in conjunction with the portfolio review is to actually increase investment in rnd so on an annual basis now, we're spending about $1.2 billion. it's a significant investment for us over the next though years, we'll take that invest ment 1.5 and really focus on new technology and make sure that our -- we believe we have an industry leading pipeline today but make sure we have that leadership position for decades to come. >> all right last commodity, more prop proprietorry including the last acre session could be 100% propie -- pro pie terry, correct? >> we're excited about entering this space and by iological products have been in the market for sometime and complementary to the crop chemistry products but growing significantly in prominence as farmers look for

more sustainable environmentally friendly solutions for crops and when you think about biological solutions, we believe that this will be the fastest growing segment of the overall crop protection market and with these two acr two acre squisitions, we'll be the market. >> i understand your caution but i think that if there is a nice harvest, your going to be wishing why didn't we buy c corteva. congratulations of the huge year last year. i think another one is coming. thank you. >> 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 lightning round, next.

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>> it is time, it is time for the lightening round play, play, play and then the lightning round is over. are you ready, ski daddy time for the lightening round. start with january in arizona, john >> caller: boo-yah, jim. >> boo-yah. >> caller: thank you for taking my call. i love your show i want to ask you about champion seems like biden's war on oil --

>> i have to do a profile of these guys not only do they do oil but chemi chemistry and better living is through chemistry. great call by you. nice level al in maine, al? >> caller: professor cramer, thank you for your professionalism and investment advice my question -- >> thank you very much. >> caller: am i diversified in meta recyclist steel dynamics -- >> it is an excellent company. that's the problem you cut me to the quick. exactly. i prefer nucore but they are so high, your call might be the right call, at least for now michael in new york, michael >> caller: hey, jim, what's your opinion on reliant steel and aluminum >> another great company there is never a sufficient pull

back and sells at eight times earnings let it come in this is too close to the high. i need to go to carol in connecticut, carol >> caller: yes, hi, jim, i'm thrilled to speak with you. >> right back at ya. >> caller: okay. so my question is it too late to buy nucore >> it's a steel bonanza. it moved up too much i have my eye on 160 to 165 and not before that because i've got to tell ya, this stock is very volatile and if you pay up for it, i think you may regret it because it does have giant cycles where it comes back in and then you have to pounce. i'm not done maybe there is another steel company. letter x could that be it pamela in rhode island, pamela >> caller: hey, jim, it's a pleasure to speak with you tonight. >> right back at you. >> caller: i own artificial intelligence in 2020, this stock was trading

at $164 a share and plummeted. i bought it at the end of last year for a very good price i'd like to know your thoughts on the stock and should i be investing more >> okay. i'm a big fan of tom i've known him for many, many years. this stock has run up interest in a.i., artificial intelligence and symbol is a.i. i think you have to say i w want -- ring the register! and that, ladies and gentlemen is the conclusion of the lightning round! >> announcer: the lightning round is sponsored by t.d. ameritrade coming up, it's no inflated sense of concern cramer floats the notion why the balloon is bad for business. next

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so much in this market is riding on china. the last thing we need is some chinese spy balloon running amuck over the u.s. before being shot down over the atlantic. of course, commerce is of

secondary concern when we talk about foreign policy and obviously, it's no good to let the people's republic of china send some gigantic balloon the size of three buses on a bizarre re mission across the u.s i know it sounds stupid but never under estimate the stupidity of foreign relations during the cold war the government tried to assassinate fidel castro with an exploding cigar. china has needs to it ridiculous, this balloon is a bigger deal than wall street seems to assume. maybe people here don't remember what happened in 1960 when one of our spy planes got shut down over the soviet union. our government thought the plane couldn't be detected because it was flying at an altitude of 70,000 feet but a missile brought it down and the pilot got captured just like the chinese are doing right now. our government claimed that it was merely a weather balloon then it was a weather plane.

but in a subsequent trial, the pilot gary powers admitted the purpose of the plane was espionage plane and simple no weather plane two years later he was let go in a prisoner exchange but it really mattered. this is two years before the cuban missile crisis the soviets threatened world war iii. look at this cold war america reaction featured on "snl saturday night" as the perfect example. >> the balloon was somehow able to get past our west coast anti balloon system, the seattle space needle but once it was here, we were able to keep an eye on it with our sophisticated tracking technology of doing like this. [ laughter ] >> understood. >> i know there are questions about why we didn't shoot it down immediately but we wanted

to wait until it was over the coast so it wouldn't fall on people or go shhh, shhhh, shhh and land on my car. >> the balloon is a joke the opposite of russians shooting down a spy chain and going clear across the soviet up onto make a spectacle of itself. china saved rally because of our government's decision, the government had thein to authori to shut down the balloon dictatorships are unpredictable. what if they retaliate we're used to the chinese communist party making threats it's allies in taijuan where a huge percentage of semi conductors get made and how much they coveted the taijuan semis or kick out noike and maybe hurt

casino operators but suspending gambling license and put a tax on apple and haltthe growth of starbucks putting up in a new star in china and maybe say none of the airplane companies will buy planes from boeing they're all going airbus the chinese government everything is on the table when russia invaded ukraine, some worried about rising oil prices i like the old seoviet union. the natural place for them to strike back. unfortunately, wall street hasn't done a good job of comprehending or incorporating anything that's on the front page of the "new york times" and i'm not just talking about the business the consciousness of the investing class stops at that "saturday night live" skit of course, we're right to ignore many of these world events because usually nothing comes of them however, when china threatens us even if it's completely crazy they're upset, you need to know that they would much rather retall yiate against

our business than military if there is a buying opportunity if this blows over, these days the threats are inevitable be ready when they happen. not if but when. i like to say there is always a bull market somewhere and i promise to find it here for you on "mad money. i'm jim cramer see you tomorrow ever what? let's get down to business, folks. are you not open for negotiations? it's called a shark tank for a reason. what you're missing is the consumer. well, i'm not missing 'em. are you kidding me? oh. ooh. snow white always talked to animals, and they never had the ability to talk back. i'm right there with ya. silence, please. you are so rude. so, who's ready to turn this flow into dough? you can end this! just buy my product! you can end it! -no! -no! -damn, this is good. ♪♪