list. he passed away today. so, "fast money" family, condolences to the reed family. i mean that sincerely. cmg comes out, chipotle mexican grill. >> it comes out other ways. >> noted.

and the best tech nog of the power of the stuff, and we have on the show tonight, anything that you can do, nvidia can do better and he can do anything better thank you, and yes, so that is the only thing that i have heard in the last 48 hours that is of any significance is nvidia, and anything else is emotion. and there are plenty of people who want to -- and the stocks

are the tee tans by a quarter point, and no denying of coming to the rate hike cycle, and i am hoping that the idiotic market is coming to understand that it is good news. here's bottom line. i am not saying that you can ignore the day-to-day action, and i am simply saying that they know what is going to happen in the next hour or two, and they have been proven wrong this time, and if you are taking a longer view, and having stocks of high quality and good balance sheet, good balance sheets, history says that you tend to be a winner. pat in texas. pat. >> yes, thank you, james, for taking my call.

i am a member, and thank you for all of your charity donations to that. my question is on home depot, and the balance sheet has a total assets of $76 billion and total liabilities of $74 billion and long term of $72 billion and long term cash of $76 billion and is home depot a buy? >> well, re, home depot does have to borrow in order to do the business and it has a great balance sheet, and anybody who looked at the balance sheet in 2008 recognized that this company is one of the most conservative companies on earth, and they have great looks, too, but like i said at the top of the show, i don't know if home depot is having a good day or week or month, but i happen to think that home depot is a great franchise. now i say that it is going to pay over the long haul, and so

what is with all of the negativity out there? i think that it is very misdirected. let me tell you that the shares caught nup this regional bank cross fire, and so is this a name that investors can rely on? i think it is part of the top brass, and nvidia held the call today, and on the ai front, and what did we learn from leonardo divinci himself? and mary formerly of ulta is now at foot locker, and i am beginning to think that is a perfect fit for your portfolio. i am thinking positive. stay with cramer. don't miss a second of "mad money" and follow at jim cramer on twitter. have a question? tweet cramer @mad tweets and

send him a email at madmoney.com, and miss something? go to mad money.cnbc.com. (whistles) yeek. not cryin', are ya? let's tighten that. (fabric ripping) ooh. - wait, wh- wh- what was that? - huh? what, that? no, don't worry about that. here we go. - asking the right question can greatly impact your future. - are, are you qualified to do this? - what? - especially when it comes to your finances. - yeehaw! - do you have a question? - are you a certified financial planner™? - yes. i'm a cfp® professional. - cfp® professionals are committed to acting in your best interest. that's why it's gotta be a cfp®. find your cfp® professional at letsmakeaplan.org.

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the regional banks have tremendous relief today thanks to the large part from comments of the treasury secretary janet yellen though i don't think that she went far enough, but we are definitely not out of the woods when it comes to the muni crisis, and banks like first republic it seems like they have stabilized for the moment, be sum of the reen nal banks can be intriguing since they are down from the highs. but looking at the columbus huntington highs of the bank shire, and this is down from the beginning of march, and that is including 5.6 rebound today, and

at these levels the stocks are a generous 5.64 yield, and when they reported in late january, it was yielding a nice forecast. but in this viral, is it safe to bottom fish in then highest quality banks? let's go to the chairman and ceo of the huntington berkshires, and see how he is handling this crisis. thanks for coming on. how are you? >> good, jim. thanks for having me on. >> and so now, why is it that you don't have all of the trouble that the other bans seem -- banks are seeming to have? >> well, we have been talking to the customers and they have been a sense of strength, and we have been helping them understand what is going on and active couple of weeks and really,

really good result from our perspective. >> tremendous deposit outflows like we are hearing from other banks? >> well, the deposit levels are virtually unchanged from the days of the activity started, and so, you know, we have had a lot of support. we are a source of strength for the community, and we have been here for over a century and a half, and our customers trust us. we have been able to connect with them, and so our position is a sense of strength. >> and so, we have seen the deposits flock to jpmorgan, because they have great balance sheet. what is the advantage of staying with huntington as opposed to going to the great balance sheet of jpmorgan? >> well, when you are thinking of huntington and other regional banks, we have been a source of strength for the communities and cities and towns where we have been doing business for many, many years and in our case, a century and a half. that's earned a trust. just three years ago, we were

very active making ppe loan, and huntington was extraordinarily so, and the number one lender in the country, and the regional and smaller banks made 90% of the loans to help small businesses survive. and so, we have earned a level of trust and confidence over team, and we'll be there in the future, and the larger banks simply can't, they can't be local everywhere. we are. >> absolutely. now, one thing that i worry about is that, have the bad actors, and like gretchen law hurt, the regulations hurt huntington's power? >> well, when you go through something like this, there are lessons to be learned. we will learn them, and we have an aggregate low risk profile, and we have been diligent over many, many years, and over a decade to learn about how to manage the risk, and so we don't

need more regulation. we will look at the rixs, and anyway, we may need some in the out lying institution, but the bangs, and the super regional banks like us are in good shape. >> what makes it so that people can't distinguish among the larger banks and you had a cluster number of larger deposits at silicon, and fathomable book of loans at silicon, and some crazy loans that they took n and why can't people see the difference of huntington and those banks? >> well, it is a perfect illustration of the differences are. we are classic very large community bank that has grown gradually over the years. these other bank have grown very rapidly, and they outgrew the risk capability, and so, again, the super regional banks to the community banks generally are

very well managed, but it is the outliers who have very unique business models and they don't have a differentiated customer base. we have 3 million checking account customers and 4,000 other unique customers compared to othe two that failed and they have 10% of the customer base that we have. >> and given that everyone is so jittery, will that be enough to impact the fed to not raise rates tomorrow, do you think, or does the fed just take a longer view of inflation and recognize that this, too, shall pass when it comes to the banking crisis? >> well, i think that it is stabilizing, and everyday has been progressively better for us, and when i talked to my peers for them as well. the fed has a dual mandate of safety and security of the banking system, and inflation. i think that inflation is, you know, an area of continuous focus throughout this year, but i think that the system, itself, it is restabilizing in a very

significant way, and you can see it in the equity markets and other ventures. so job one leads me to believe that the fed if they increase, it will be a 25 bip increase, and maybe not. >> are you okay with the stress assets to maybe take an opportunity here? >> no, we're looking at the customers and how do we support them. let's assume that the fed is successfully going to slow down the economy and this is how we started the begin of the year, and how do we hem them and do more with them and for them as they navigate the slow down. some of the business customers are seeing nit different sectors. thinking about housing, health care, and some of the other sectors are impacted from last year as the rates are continuing the rise, and assuming they do, and you will see the other sectors that are going to be a little bit more challenged this year than in the past, and this is where we come in. we are a source of stress. >> and i wish that others had as

consistent and less i say conservative and sustainable attitude toward banking than you have, and we would be much better shape in this country. and steven, thank you for come on the show. huntington bancshares, inc. >> apprecx;xjate it, jim. and now, pushing the visionaries to new heights. that is coming up next. >> the fed is scared, you should

be scared. >> well, we should have overall confidence. >> you need the payroll to pay your vendors, it makes sense to be diversified. did you ever stress about us having three kids?

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you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire this is very special what you are about to hear. who could have predicted that artificial intelligence would have been the next big thing in tech especially when it was being slaughtered. nvidia is who.

wall street recognized the power of ai and much of it comes from cramer nvidia. and now today's nvidia's renaissance man jensen wong gave a speech at the technology conference and i think that it should be required viewing, because it gives us great insights into the future, and you must see it if you are going to own tech stocks. and now, the visionary and founder and ceo of nvidia, and jensen, welcome back to "mad money." >> hey, jim. nice to see you. >> it has been a couple of years, but when people say that this is the iphone moment for something, and the iphone moment for ai? >> yeah, it is a big deal. you know, with the pc, and with the internet and then cloud, and mobile cloud, iphone created a new computing platform, and a

new computing model, and the way you program it is different and the way you use it is different, and the way you can use it is incredible with generative ai and you program it with human language and not fortran or java or any other language, but your language. it can be precise or imprecise, and through conversation, this computer figures out what it is that you want and it does it for you. it can even write software for you, and it can create art for you, and write stories for, you and poems for you, and dictate for you, and it can condense a contract for you. and it can be deployed in so many ways as microsoft and google have demonstrated that it is connected directly into the most popular applications in the world, and office and google doc and these are the most pervasive office automation creative applications in world, and now it is going to enhance those,

and so it is a brand-new computing platform, and new computing model, and that is why i call it the apple moment of ai. >> and i was working with steve jobs before, and this is something that you showed me repeatedly, and showed the viewers repeatedly, but it took a chat gtp to get everyone to turn the world upside down, and what happened? you have been telling me, and you showed me this stuff, and it did not resonate until chat gtp. >> chat gtp and the ai heard around the world. and you know, they just did an amazing job, the chat team, because they realized that by scaling up the large language models in the parameters and to diverse the conversion model of the neurons and the neural network learned from or essentially the metaphor of the human experience, the more experience you give it, the bigger brain you have, the more capability this ai model can

achieve. and the thing that was really groundbreaking is that at some point, it was able to perform tasks that you didn't have to explicitly teach it. and now, the chat gtp with the technology put in place to put the guardrails on it, and to make so it that you can teach it how to perform instructions, enhance it, augment it, an align it so that it is not biased and ideally inasmuch as possible not harmful, and all of the things that they have done to take what is gtp into a chat gtp model that is groundbreaking stuff they did, and as a result, what happened was that the ai, this application became the easiest application in the world to use. no application in history has ever been so easy to use and so effective when you are telling

it to do something. that is really the reason why it is the fastest growing application in the world in just a couple of months that over 100 million people used it, and it is going to tell you what a ground breaking application it was. >> is the world ready for this, jensen? is the world ready for this? >> the world is absolutely ready for this, because we want more productivity and more with less, and there is major problems that we would like to attack without the help of a.i., we can't get to it. for example, we announced at gtc, this platform called bionemo which is an imaging systems everything from accelerated cryo-em mass spec and x-ray crystallography and genome sequencing, and all of those instruments are bringing a massive amount of health care into the computer, and the second thing that we do is that we now use that data to teach ai

the language of biology. the language of how the language of the proteins, and language of molecules, so that we can make predictions of what kind of proteins would be similar functionality as helpful proteins or chemicals that have similar properties as the chemicals, and we can do the virtual screening right inside of the computer, and nup of this possible without the giant breakthrough of the large models, and the same language that we used with the language of biology and chemistry, and these kind of breakthroughs accelerate work that none of us could possibly imagine doing just a few years ago, and now the health care industry, the drug discovery industry is just buzzing with enthusiasm over this new capability, and we announced a system of the large

language model creation system called bionemo. and this is the large example of things that was impossible. >> and the many verticals that you outlined today, and everything from copyrighted to in advertising to industrial to sustainability, and saving a lot of -- i know you care tremendously -- makes me feel that okay, one day, we can talk to this and say, please solve kidney cancer for us, and we want to know how prostate cancer can be stopped or at the same time, we want to put a man or woman on mars, and we want to do it in two day, and how do we do it? and what is to keep this thing from ever being, and it is smarter than we are. >> well, i don't know that it is smarter than we are, and at the moment, it is not any where near as smart as we are, but whatever we teach it, and it is able to perform, it can perform faster than we can. and this is no different than

when we had access to search to the first time. it was incredible to have the world's information literally right there in that one browser. and you could prompt it to find you information from anywhere. it was like instantaneously the world's libraries were turned inside out, and all of the information that we wanted access to, we had at the fingertips, and that capability enhanced human capability, and made us all smarter, and made it possible for us to gain access to the information quicker and lowered the bar for access to information. now the thing that is happening now with the large language models and chatgtp to demonstrate it is that we lowered the bar for programming computers, and this is a field that is accessible to a small group of computer scientists and world programmers in the world, and now we have democratized it,

and we have narrowed the technology gap tremendously, and this technology divide where some people know how to use the tools, and benefit from it, and versus some people who don't know how to use the tool, and so for the first time we have closed the gap and democratized the gap. this ability for ai to in one vertical, and this is a kind of the general vertical, and of course, you can use it for education, and we will have our own ai teacher to teach us matters and things that we would like to do, and learn calculus, and equation, and equations and things that are just frankly too inaccessible to us, and now here is ai to teach us in the future not only the words, and describe the equations, and illustrate it for you, and generate images and videos for you, and maybe generate for you a 3-d graphic

simulation to interact with it. and then you can learn it more deeply. >> well, i want to congratulate you and i want everyone to go watch the keynote, but it is a lot of times bigger than i can understand it, and i watched it a second time. and i will be watching it a third time. and i call you the divinci of this world, and jensen huang, thank you for coming on. >> thank you, jim. and now, stores are closing after a holiday slide, and can a banging ceo put her foot down? find out next. how do we show strength and stability? >> the fed decision of the market, and an overtime economist jason furman is going

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looking at foot locker, if you noticed that they announced that i were bringing in one of our favorite ceos of ulta beauty. and they had one of the best quarters and offered a fabulous debut, and impressed wall street with the investor day later on and we know that they offered a good number, and a weaker forecast. and in the old days that would hurt foot locker, but earlier today, we heard from firsthand earlier today from the new york stock exchange. >> mary, welcome the "mad money." >> thank you for having me today. >> and i thought that laceup was one of the most exciting things from any of the ceos.

i have gotten used to the ceos coming in and saying, this is how it is, but you are reinventing, and it is exciting. >> thank you for noticing. i am excited to lead foot locker, and the lace up plan is to have us simplify and invest and grow. we are focused on four big thing, and expanding the sneaker culture which is powering up the portfolio which is the stores and getting closer to the customer in the store, and diversifying store. >> and you are focused on the geofinder, and the quality and well fitting, and the category where people are just going nuts, and this is not your typical categories. >> and the sneaker may ven are the folks who are about finding the fastest, and the coolest and personality through the sneaker. i was always an active athlete

as a runner, but i am learning that you can expand the sneaker wardrobe, and i had the white whites of the air force 1s on, and you can expand that in your closet, and foot locker is here to do it. >> and casual is what you are wearing. >> yes, i am working out today, and you see, i would say mass casualization. >> mass casualization. >> yes, and the hybrid work has to do with that, but also, have you seen a black tie event, there are men in tuxedos wearing the sneakers, and that is one of the areas. >> and a lot of them are wearing this kind of shoe, because this is one of the finest quarters and they want to expand to foot locker, because they love the channel, and they are selling out. now, this is not for sale in the pre-mary foot locker. >> well, i can't take credit to introducing it, because the team did that, but this is about expanding the sneaker culture

and i know this is fantastic brand, and making sure that all of the sneaker needs can be met, and we can do it. i am glad that you are a fan. >> oh, my god, it is slip off, fantastic. and at the same time i could have gotten a different running shoe. >> i am glad that you are shopping the store, and for us, it is that we are going to have nike, the leader in the industry, and i love what we are doing there, and other brands that we are expanding and growing as well. again, we are thinking that it is a market for more than the sneakerhead. >> and it is wss, the community stores and you have respected this. i remember when you moved ulta in the areas that you took me to that were not commercial and totally wrong. these are great brands. >> well, first of all for foot locker, the community stores are a critical part of what we do, and wss is a banner that i did not know until i came to foot locker, because largely in southern california, and focussed on the hispanic family

with one of the best lovers. >> and ulta supporters. >> so proud of the team. >> and 40 million loyal members, and your loyalty members here are so small and i know that i am going to love the app. just like the old days. >> and the team is excited about it. so loyalty, and our loyalty program, we will relaunch, and it is much more relevant to many more people, and really increase i think a shared wallet and experiences and rewards, and the app, we will work on it, and the ecommerce experience to have a higher percentage of the sales going both in store and online and so many opportunities to unlock, and we are investing to do that. >> at the same time, you have a bitter pill to close out some stores and move out of some malls. you had to take some bold action.

>> yes, we had to expand in the right way, and we have to expand the square footage over time, and we are closing some stores, but open up the new on the concept stores like power stores and house of play for kids and so there is plenty of opportunity for us to do that and really get to more places including more off malls, so get to 50% off mall in the next few years. >> that is what you need to be in the stand alone and i love that you are spending admittedly, that we have to spend on technology, and it was technology deprived, and you are changing that. >> yes, i have been around the block before and i know what it takes for investors to see that we have a plan and transparent about the plan, and say that we will invest, but this is the return on the investments, and then it is the right thing to do, and that is what we did on the investor day yesterday. >> now, other people know how tremendous success that you had the ulta, and you retired and i can't believe you came back, and of course, i know that you are a

workaholic, and you were just waiting for the venue? >> well, i can't wait to develop the next generation of leaders at ulta beauty, but i was not sure that i wanted to run another company, but i really miss retail, and foot locker spoke to me. we have 40,000 store employees and in the u.s., over 90% of the young employees are black or hispanic, and the opportunities and careers that we are creating in often opportunities where there are not that many retail stores is very exciting to me. >> at the same time the consumer and the term that you use is scarce, they love scarcity, and why? >> well, it is a balancing act, and for the sneaker maven, there is something to express the individual style and flare is attractive so part of the strategy is increasing percent of products that we sell that is exclusives, because don't you want to be like the cool guy who got the cool thing, and there

are other occasions that serve through all parts of the family and active occasions that is going to serve the family and scarcity. >> and what about the stripers that you were on "jeopardy." >> you know that you have made it then. >> and you have been in diversity but not name, and you been in stores and neighborhoods that people have forgotten, and so you have always believed that business is the greatest force of social change? >> well, listen, i come from a pretty self-made person, and first generation college graduate, and i have had every job that you could have from when i was 15 years old, and so i have a deep admiration and respect for the people doing the work every day. when you go into the store, and talk to the stripers and not only are they loving to work with each other, but we are creating opportunity for them as well. i am committed to that. >> i don't want to lose sight of

the fact that you made targets that are bold, because we are a stocks show, and you are talking about a total shareholder return by 2026, and did you want to make that forward goal? >> well, they are achievable goals. well, i know they are the right goal, because we have the right strategies in place, and the key metrics around the strategies to lead to the long-term algorithm that we are going to get to. >> and i never said that this stock should have been bought, and if you want to buy something in the area, go buy nike, but now i say go buy foot locker. >> thank you. i am very confident about the future. >> mary dillon, the ceo of foot locker. thank you. >> thank you. coming up, what is on your mind cramerica? the lightning round is storming the nyse next.

next, the last call of steve rattner of what is next for the feds and stunning jump in home sales as the prices are dropping. and "last call" next on cnbc. i'm telling you, coach staley, i could really get used to this retirement thing. ahhh! coach k, there's a goat here. the story of my life. no coach, there is a goat here! whaaa! what's this? a thousand dollar hospital bill? but i have good health insurance! gaaaaaap! did you say 'gap'? he's talking about the expenses health insurance doesn't cover. but with aflac, you can get money to help close that gap. aflac, huh? gaaaap! aflac! gaaaaap!

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lightning round sponsored di td ameritrade. it is time for the lightning round and when i say buy, buy, buy, and then the lightning round is over, and are you ready? david in florida. david? >> caller: boo-yah. i am wondering if you know how to change a part on charge point. we saw a slight uptick today -- >> and you know what i am not recommending any stock on mad money on companies that are losing money.

i can't. i don't want people to lose money when there are good opportunities to make money. over to peter in michigan. >> caller: hey, jim, how are you? >> good. how are you, peter. >> caller: beautiful spring day in ann arbor. >> okay. what's up? >> caller: i have a question of energy, global liquid. >> it is a good company, but there was a sempra that i like more. they made an announcement yesterday. over to chris. >> caller: football coach at the university of delaware and go blue hens. boo-yah. >> why not. >> caller: and dim. >> i don't recommend the shipping stock, because they have big yields, but the common stocks is what i like, and it is not sustainable, and that is the conclusion, ladies and gentlemen, of the lightning round. >> the lightning round is sponsored by td ameritrade.

coming up -- don't let a good crisis go to waste. how some outside of the box thinking is what is needed to help the regional banks under siege next. tomorrow, kick off the trading day with "squawk on the street" live at post 9 on the nyse. >> i want to talk to you about that. >> yeah. >> i watched you yesterday. >> you did? >> i watched you closely. >> you did? >> yes, and you looked great. >> we will end the show there, and great having >> it all starts a 9:00 a.m. eastern. llion different ways i should be trading. look! what's up my trade dogs? you should be listening to me. you want to be rich like me? you want to trust me on this one.

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stuping opportunities tonight on "last call." tonight on cnbc. will the fed pause or continue with a fed hike? tomorrow at 2:00 p.m. on power lunch. >> i am glad that the secretary treasury janet yellen went to bat for the regional banks in this mini crisis, but i am looking at the founders of the banks, i am depressed with the lack of creativity, and looking at the deposits of $34 billion into the banks, and we saw a bounce today at a much lower

level than it was last week. but this dispatch of the bonds they own and what the depositors thought they owned causing stoppable runs. but yet, some of the social medias watching withdrawals from the bankbanks, but not huntingts we heard tonight, but they are doing better than the secretary treasury can stop the bleeding. and this cannot put the worries to bed overnight. so how do we stop the next first republic and silence the doom and gloom brigade. you have stop the problem, you have large pools of money who believe it is their fiduciary duty to take their money out of the bank and put it in the larger ones like jpmorgan. and then we have the people who prefer to support the small and regional banks like we heard earlier because they are

synonymous with the bigger banks, because they can build some goodwill because the towns they bank with build goodwill. so it is big companies who like to put their money this smaller banks but only when they feel that the money is safe, but now they are terrified it is not. so how do we solve it? the first, is the fdic cap of $250,000 is not as much. they need to raise it. and not for the big guys, but to cover the big guys that are leaving, like the llcs and the charities who are taking it out of the small guys and putting it in the big guys. so remember, there is a reason that the big guys put the depositors in the little towns, because they want the sweetheart deals in the small community, and they want those deals. and the big ba banks won't give

them the deals. so if they know that the deposits are protected, then charge them for the protection. so the fdic should sell additional insurance to those above the cap for those who want it. and a sliding cap for those who want to charge a few more basis points than others, and they know it is safe the information even if they have not been using it well, to allow the larger depositors to leave it in the smaller banks with no fear, and the smaller amount of insurance doesn't have be that great, and the tons of bigger businesses would be happy to pay up to keep the money in the smaller banks and it would not need fdic approval, but it is painful to hear every discussion to be terminated but that requires an act of congress, because everybody assumes that the legislature is too dysfunctional to get anything done on a reasonable time scale. but here, the up is port of small business is one of the few areas where the democrats and the republicans are indeed on the same page, and no politician wants to be seen as persecuting the small business owners, but

passing the laws takes time, and this in this situation, speed is everything. my two-step solution, to raise the fdic cap to $1 million and allow companies to buy more insurance would solve the problem practically overnight. time for fdic to go big or go home. i promise to find a solution to any problem, and that is all for "mad money" and i'm jim cramer and we will see you tomorrow night.