tile now for the final call. carter. >> xrt, sell. >> brian. >> yeah, retailers yuck. buy a put spread. >> mike. >> hedge >> that does it for "options action." we're back next friday at r5:30 p.m. eastern "mad money" with jim cramer starts 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 people want to make money. i'm just trying to entertain and teach. so call me at 1-800-743-cnbc or tweet me @jim kramer

as wall street worries that the debt ceiling crisis could do some serious damage to the actual economy that's how you get another not so hot day where the dow dipped and the nasdaq fell 3.9% drib drab down 2011, the last real bad debt ceiling fight gifves you a good playbook there are differences. in 2011 it was a horrendous period full of i had otic bikerring. we ended under with a painful budget compromise that everybody could live with even as nobody was particularly happy with it this time they will trigger the fall meanwhile, the democrats don't want to negotiate at all they think they can successfully

blame the gop when your social security checks stop coming. none of our leaders seems worried about what will happen if the government can't pay its bills because both parties convince the other side to take the blame. in 2011 it was an m.a.d., mutually ascribed destruction. maybe the politicians will change their tune when we get closer and closer to the deadline in the end i think president biden has to compromise. he wants to get re-elected no sitting president wants to be on the hook for messing up social security and that's why janet yellen is probably setting up a credit line but what does it mean for you? and that's what i care about first, if we're reliving 2011, you need to have a little more cash than usual. that's what i've been saying back then we fell 19% from peak to trough through difficult negotiations followed by a

ridiculous debt downgrade. i'm starting to sound like a scold. it could be worse this time because there is zero good faith and the politicians don't seem to be taking it seriously. when will this all occur i think it could be sooner than the last week of may because tax receipts from the irs were weaker than expected this weekend we'll hear more plans about default plans and dreadful rhetoric about each side and how they don't want to default, ha, ha, ha. we also have to talk about another bank in keeping with the confines of our game plan, monday we find out how much further apart the two parties are and which bank, if any, is in receivership tuesday though we go back to our regularly scheduled business

programming with the stock on home depot home depot's reporting earlier this week i said there was a lot of professional refurbishment going. i'd like to hear a candid discussion about them. i want all retailers to own up then maybe we can change something. the best quarter of the week, i think it's going to come from on holdings that's that swiss sneaker company growing like a weed. roger federer is in there. this company got to a billion dollars in sales much faster than nike did. we also get retail sales on tuesday and we might see some real cracks in consumer spending related to fears about the recession and a lack of federal payments from the fed default. the ramifications are that obvious. why do i know that that's what happened in 2011 to make things more miserable for the bulls we have two unreconstructed blocks we have lor rest etta mester.

the need for more interest rate increases made plenty of sense it's down right dangerous now that we have a bank run, debt standoff look at the headlines. wednesday morning we get a read from target. it's too hard to predict even though it's so hard to run i don't feel that way about tjx. it does best when scores like bed, bath are closing. after the close we get results from cisco and the giant network but it's become hopelessly out of favor with the analyst. cisco reported some last go around often the backlog without new orders coming in next, i'm gets a sense take 2 interactive might be due for a change of fortune. last time around they came here,

right here and told us he was not happy with his own performance. i don't see that happening again. now, of course, we'll be covering all of these issues, especially tjx at the investing club monthly meeting a lot of you had some nice sense what we were up to with the club i am ninforming you of this and you might want to sign up. thursday morning walmart and alibaba's time to shine. walmart's stock has been meandering higher. that's a recipe for better than expected numbers i like alibaba because china wants to unload more ipos on our markets, not theirs. why wouldn't our government help alibaba have a surprise profit it's the most powerful dictatorship in the world. you think they can't put their thumb on the scale

will that put a damper on the results that are showing momentum now that the semiconductors are blocked, even pcs could be running its course. finally on friday, jay powell, the fed chief, participates in a panel about monetary policy. i think he'll acknowledge that inflationary numbers have to be balanced with the debt ceiling fears and say they have to wait and see what the partisan ranker might mean hopefully they'll also talk about the bank runs and the possibility of a credit crunch because of that. i want him to understand the whole mosaic of what's going on not just some number even though that was good. we have two big reports. foot locker and deere. we had a small position in foot locker for the trust we want to get bigger. because we think mary dillon turned around ulta beauty, it

will be a long turn. we like 4% yield because they're paying in weight finally there's deere. we don't know how things are shaping up but we do know agriculture is fickle so it's best to keep your bat on your shoulder and wait for better, less dicey times that's a possibility i'm going to be drilling down on it because i do like the stock down here. the bottom line, i doubt we'll fix the debt crisis so steal yourself for what could be, yes, in deed, as per the 2011 playbook, another difficult week ahead of us. mandy in maryland. mandy. >> hi, jim how are you doing? love your show. >> i'm doing well, mandy i'm all fired up for mother's day. how about you? >> me too, thank you so much for taking my call >> of course. >> caller: i would like to also

thank you and your crew for all you do on educating us. >> thank you. >> caller: the stock is bl is it a buy or should i -- this is estee lauder. this is a club name. we have made so much money in this but it turned into a disappointment this week i've been dealing with the ceo he did have too much ip be ven tori in the channel, so to speak. that meenks there are a lot of duty free stores that had too much of his product. i am a believer. i am not going to think he is going to screw up a second time. my take is bet with estee, not against. because i mentioned it, i will not be able to buy it, but i do have a wednesday club meeting and i will explain all of my analysis for estee lauder.

chad in virginia chad. >> caller: jim, happy friday callaway brands is the stock i thought it was a good report, jim, besides the comments we got. a little bit lower on the guidance. >> well, that guidance killed us, chad we really believe that this one -- we misjudged this we felt that this has become a great way for people to social amitriptylinize. we were shocked that they didn't deliver the number, shocked and disappointment, i may add. i would love chip brewer to come back on the show and explain to us how it could have been that bad a quarter because, wow, it was not good at all. all right. we could be in for another difficult week unless we get a resolution of the debt ceiling playing it out in the 2011 playbook raise some cash like we have for the club in order to be prepared for whatever might come next it's probably initially going to be negative. there's a turn around underway at lyft. i sat down with the company's

new ceo. airport travel could be a lot easier and less of a terror for you. and we all know china's reopening, but what's the best way to play it i'm reviewing the latest quarter from macau player wynn resorts and with all the market volatility that we've been seeing out there, you know what we have to do, am i diversified? 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 money".cnbc.com

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what's it going to take for lyft to turn things around the number two ride sharing company has pretty clearly lost its battle to uber, something they pretty much admitted it themselves now they're starting to come back with a new strategy that's why lyft brought in a seasoned technology executive as its new ceo. he's already making waves with a massive round of layoffs that cut 26% of lyft's workforce, but how can he stabilize the business and make the company more competitive earlier today we got a chance to speak with the new ceo of lyft take a look. >> welcome to "mad money." >> it's great to be here. >> i think it's exciting you took this post i have to ask you, what makes you think you can take this company and make it successful >> i love that question. and people ask me that, but i

say, look, everything i've been doing for the last 20 years has led up to this i was at microsoft in the early days very competitive love it. i was at amazon. super customer focused, helped them build a $4 billion i left i was the 37th employee at amazon crazy. world leader this is an organiztion i founded to get children reading and we got 21 million kids reading over the last 14 years using technology if we can get 21 million kids reading i think we can get lyft up and running in a bigger way. >> i think that's approbo of what i'm thinking. uber's king. how do you dethrone a king or do you not even need to do that >> i don't need to dethrone a king this is a market that wants to have two players in it customers -- riders want it, right? you want two apps on your phone.

you want one check and the other to check because sometimes one will let you down. i hope it's never us i want us to be more customer focused. it's not a bad thing same on drivers. drivers want two i don't have to dethrone it. i'll say one more thing. five years from now i hope people are no longer asking about uber and lyft. i hope what they're saying is look what an amaze being experience lyft has created and has helped us get out and live our lives. >> one thing is a terror point for all of us, which is the airport. there is that moment, i think all of us experience it, with are we calling the wrong time? are we in the right place? you're in a foreign city you may think that the whole trip is going to go awry because of that seven to ten minutes you're addressing that chill point. >> we are. yeah it's so interesting you say this travel is beautiful. it's how you get out how you explore the world. get out of your own bubble there are some stressors think about it, every time you travel you go to the airport, you leave the airport, those are

never fun. we just launched yesterday a new feature, preorder. here's what happens. plane touches down, as soon as the wheels hit the ground and you open your lyft app, we'll say do you have baggage or no? if you don't, you hit go by the time you get to the curb your car will be there if you do have baggage, no problem we'll get it set up. when you pick your bags up, boom, by the time you get to the curb, your car is there. >> it would seem to me if you wanted to get a lifetime or at least that city's business, it would have to be at that very moment. >> yeah. >> it's almost as if in all of your world with retail that insensual moment is what makes it say i'm going lyft all the time. >> that's a great observation. i will tell you honestly, i hadn't thought of it that way. you're absolutely right. there are times in people's lives, you have a child, all of a sudden you become a very heavy diaper consumer. if you are target, you think a lot about that if you're amazon you think about that if you are us, gosh, the person

landed they don't want stress in their life if we can do something great for you now, maybe they'll take us the whole time. >> now the wall streeter in me says your guidance was below what we thought but it's the beginning of the new era so i don't really care that much about guidance, but when do we know that lyft is really on its way to where it's a good investment or is it a good investment in david risher right now. >> good question i've been on the job four weeks, let's start with that. i've been busy >> let's make that decision. >> there we go the answer to your question is, when riders are starting to say, man, you know what -- maybe they ride with the other guys you know what, i should have taken a lyft when drivers say i love driving for lyft, that's going to be your big leading indicator that we're on to something. things like stock price and guidance, those things they come along sort of a little bit for the ride we're going to create a great,

profitable company but now it's a great experience for customers. >> something you said, what your service does for a driver in terms of putting food on the table. >> yeah. >> i thought it was very important to talk about. >> you know, i think this is one of the areas that people misunderstand. we have millions of people making billions of dollars on our platform and they are our drivers and many of them, by the way, are todoing it for very specific reasons i want to have a great wedding for my daughter. i want to take a vacation in a couple of months when i drive for lyft i'm never going to go broke and i've got control and i've got control i don't have to ask my boss if i can go to my brother-in-law's birthday party or whatever it is it's such an important piece of work i think people misunderstand it. there are two people in every car and both of stlem a real purpose. >> now i was speaking yesterday to a fellow named kyle boyle

i don't know if you know him. >> i don't. >> he's gm's autonomous guy. we got it in dallas, houston, have it in phoenix is one of the things you're looking at, i love the fact that drivers are doing well but i have to give this gm strategy a shot is it something that's of interest to lyft >> it's very interesting to us it's interesting in the following way. autonomous vehicles like chatgpt and other things, they sort of feel like, you know, you don't even know what they're doing and all of a sudden they're sort of everywhere. >> right >> that's the way it happens it's true in san francisco too. >> it's true at amazon, you were there. >> exactly this thing bumps along in the background, you've heard of it, it's everywhere. when it's everywhere, we have to be there why? think about it from the autonomous vehicle manufacturer side of things they're going to put billions of dollars, they already have, into r&d. then they have to make their money back how are they going to do it?

it's not just by selling it to you and me, it's going after whole operations we have a fleet, effectively, of cars that match driver and rider at huge scale every day. we're doing everything we can to make sure we're ready for autonomous when it comes i'm telling you, its aide not going to be tomorrow, but you might be surprised it comes over the next couple of years faster than you think. >> would you be willing to go into a car that had no driver? >> i would here's what happens. i was in a lyft two weeks ago in a san francisco and the driver said, look at that car he -- or that car already drives better than i do this was a 60-year-old guy it's very interesting. i'm not worried. i'm looking forward to takings that car myself. i'm going to be fine maybe i'll be the bartender in the front of the car it's a bar car i'm not driving, i'm making drinks he was so not stressed this is going to be a great driving experience even if i'm not driving. >> now to go back to the nitty-gritty of the company. >> yeah. >> you did put out in your memo.

pricing ride sharing, it's going to be competitive. i was thinking, did you while you were on the board, did you think the company did not have competitive pricing in some places >> yeah. prices go up and be down all over the place different companies have different pricing strategies but our going forward strategy is to be priced in line with the other guys >> all right so in that sense, what i'm trying to figure out is someone might say, what does it matter what are the clear differentiation styles that i should expect between lyft and between uber because there's got to be something beyond just the airport strategy. >> there does. there does i like you're bringing up airports again because i think it's an area where we've innovated. let's look at another one. some segment of riders every day want to save some money. you do, i do, we all like a good deal we and the other guys have two different a proechgs their approach is called shared

r rides, two people get in a car lyft actually started that we innovated around that before the pandemic you know what we found people don't love it. >> right we looked at that and said, geez, that was a big change by you. >> it was huge here's the thing why did we make the change we made the change because it turned out people didn't like it that much. i'm here, you're the destination. now the car takes a weird left turn, going farther away it's almost like emotionally to be in a car that's driving away from your destination to pick somebody else up driver doesn't like it either. more pickups, dropoffs, whatever what we have is wait and save. take another five or minutes save three, four, five bucks, get some coffee, do the ticktock and you'll go in the right direction and not have to wait 30% of our volume is wait and save two companies in the same market can take the same question, how do i save customers money? one can do it customer friendly,

that's us, and then the other guys can do it in a different way. >> i don't mean to put too much pressure on you, but i do feel to some degree buying lyft is buying a bet on david risher is that okay are you willing to accept that challenge? >> challenge accepted. i built a database up big, big company at amazon, customer focused, world leader. at the end of the day, it's about our customers. if we can do great work for our drivers and our riders, it will be a great company, profitable company, huge company. we're going to change the world. >> it is going to be great stuff. i don't mean to be too pedestrian. >> that's your job you do you, i do me. >> i'm excited you took this job. david risher is the ceo of lyft. if you look at his background, you'd be a buyer of lyft right now. thank you so much. >> hey, man, such a pleasure.

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we stop breaches. we stop a lot of bad things from happening. crowdstrike. protection that powers you. tonight before we move on to a new week of watching retail earnings reports monitoring the wobbly regional banks and wondering whether our politicians will truly let their country default on its debts, i want to take a minute to celebrate good news you may have paid no attention to this past week because it's been such a bad week tuesday night we got this report from wynn resorts. there are a bunch of high end properties in las vegas, macao this is a stock i like so much and even though i say the quarter is fantastic, the market

sure didn't seem to agree. wynn stock opened up a couple of bucks on wednesday morning, so far so good. then it reversed and finished the day lower. tumbled 4% yesterday and got hit again today. and, therefore, i think it's an incredible buying opportunity. i say this as someone who's liked wynnfor a long time. we've owned be it for the travel trust for a couple of years betting on the great reopening wynn has a lot of china exposure through macao which accounts for over 75% of the profile before the pandemic in other words, all the stuff in america barely moves theeee. the chines betting the world wod eventually go back to normal since last summer wynn has been roaring back doubling back from the lows if you were getting impatient with this, the quarter we got was incredibly encouraging they developed 49% operating growth with that number coming

in much better than expected they made 29 cents per share that's a surprise profit when wall street was looking for a 1 cent loss. people lose money. that's the first time they turn a profit since the third quarter of 2019. wynn liked to focus on another metric, earnings before interest, taxes, depreciation, amortization and rent costs. that number was up 142% year over year. when you look at how some of the individuals properties are doing, you can see wynn resorts is winning everywhere. like i said before, macao is the key market here and this quarter wynn's results for the macao region came in ahead of expectations thanks to tremendous numbers from the wynn palace property with 126% revenue growth china's key gambling game is already on the mend which can mean quarter after quarter earnings wynn's flagship las vegas property remains red hot

33% revenue growth we also got a record adjusted property ebitda, add the rent thing thanks to a higher than normal hold which is the money they make. there's still room for improvement as wynn had 88.8% occupancy. that's up from 77% from the year before it's not back from the 99% number they put-back when they were the premiere of the premiere how about this new property encore boston harbor wynn's boston casino had 13% revenue growth with properties seeing record gaming revenue in 21% growth in non-gaming revenue. think hotel and drink business i lived in the boston metro area and can definitely use the casino you can't bet on it because they demolished the racetracks. you can go to encore boston harbor the best reason for this quarter is their casinos were

distraught more importantly, the quarter had a great amount it got better and better from month to month management said macao accelerated in april china wrapped up a week long holiday after may day and wynn said this was the best they did in macao during the week since 2019 in vegas they said this was the best april in the history of the property boston, what the heck is the stock doing going down nobody seemed to care about the results because wynn is the kind of consumer special that is supposed to get killed during a global slowdown. the bears figure eventually consumers will get tapped out and consumers will get pummelled. people have been worried about this for a year yet wynn keeps doing great. they're seeing no degradation whatsoever i'm giving them the benefit of the doubt. wynn is feeling so good they are

reinstating the dividend they're now paying a quarterly dividend of 25 cents per share what about the dollar per share before covid i tell you a dividend boost is a great sign of confidence no bull wants to roll it back. dividend is not like a buy back and then quietly stop implementing it whenever you feel like it a dividend is like everything else when everything else is going well, wynn gets the dividends from china by the way, i think this dividend has just begun to climb. is that why wynn seems so confident in the future? i think china's a lot of it, but there are more positives on the way. back in january of 2022 wynn announced a new development in the united arab emirates wynn al margan it's an island it's a manmade archipelagos.

this is still in the early stages once it is done, 95% of the world's population will be within an eight hour flight of a wynn property. book me. the reason i'm bringing all of this up is wynn is getting no credit for the quarter they had. the stock is down 5% the whole market has been dragged down by debt ceilings. this has nothing to do with the debt there is some profit taking from the july lows. i can't wait to talk about this one for the investing club on wednesday. please join the club you'll love the analysis bottom line, i know there are good reasons to be worried about necessarily reasons to be worried about wynn resorts which gets the lions share of the resurgent china and guests reported an excellent set of numbers. what can i say what more could this market ask for? how about gregory in california. gregory. >> caller: jim, i'm feeling a

little left out on the west coast on the mescow road show. when can we get you and lisa out there? >> we're going to be out there in west bury but we will come out and see you. i'll tell lisa you said that it will make her day what's going on? >> caller: please, i love it >> fantastic >> caller: air bnb quarter was exceptional. can we buy this? it's dropped a ton or should we -- >> i am so glad you called me on this i have done a lot of work on airbnb i think the company did itself a little disservice by talking about the macro getting weaker i think this is one more opportunity, just like the last time, gregory, where you can buy the stock and i would buy it on monday but maybe it's a 105, maybe you can get it down at 100 because it traded very close to that and that would be the price

i would pick and thank you for the kind words i will tell lisa about fosforo juan, in new york. juan is in nevada. >> caller: i'm in nevada it's getting hotter down here. >> got hot here today. it was 80 degrees. what can i do to help? >> caller: i'm a happy investing club member and i wanted to ask about draft kings and given the recent quarterly report, which was amazing and the top management, why not add the stock to the investing club portfolio? >> i worked on this. okay so here's the problem. i've said and this is -- juan, this is a great call i'm not going to recommend stocks or own stocks for the clubs that are losing money. draft kings is losing money but it has tremendous numbers. jason roberts is putting up great numbers and taking names but because of the nature of the charitable trust, i'm not going to buy any companies that are

losing money but i do like that idea very, very much all right. what great callers, huh? concerns about the u.s. aren't reasons to worry about wynn. listen in to our monthly meetings i won't talk about alex in vegas where the super bowl is so you never know who will show up there in february. much more "mad money." as the debt ceiling approaches, is your portfolio prepared for any outcome? we'll play cramer, am i diversified? i'm very worried about this debt this debt deal may not come together i gave you my thoughts about gaming and macao and there's much more to discuss i'm taking a closer look at the country's influence. rapid fire in tonight's edition of the lightning round so stay with cramer.

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with all the concerns about the debt ceiling growing by the day, it can be difficult to decide what moves to make for your portfolio that's why we're playing am i diversified. you tell me your top five and i tell you if you need to mix it up our first caller, what have you got for me >> caller: jim, ira in florida i've been listening for a long time first time caller. b&g foods, bgs, compass diversified, codi. ib mf, con edison, ed, and brookfield infrastructure partners, bip.

am i diversified >> well, i'll tell you right from the get-go you are diversified although i'm not so sure i like the stocks b&g had the first decent quarter. i'd rather see you in a lower yielding stock but still okay which would be campbell's soup compass diversified, i don't want to see that kind of -- that's a segment of real estate i don't feel comfortable with. i'd actually rather see you in lennar i know there's no yield to it. ibm, good yield, no growth brookfield, good growth, good yield. i didn't think b&g foods has ever acquitted itself and i don't like that small dividend i'd make those changes let's go up to tony in florida tony >> caller: hi, jim i want to thank you for the club and i love the new homestretch it's wonderful >> thank you jeff marks and i are always trying to figure out how to make

it interesting i appreciate it. how can i help you >> my five stocks is costco, ibm, merck, united health care and then i have berkshire to be even more diversified. do you think i have the right five stocks? >> i think you are doing quite well merck, i've been very impressed with management. they have done a remarkable job. the stock has been a horse since the 1980s. united health care was a close number two costco is, i think, right neck in neck right now with walmart but if things get tougher in the economy, costco is the one to go to how are you ever going to go wrong with warren buffett. ibm, a good yield. we have melt care, drug company, we have a computer condition, we have a -- let's call it a retailer and let's call it a con groom mer rate and that is perfect. thank you for those kind words let's go to donald in

washington donald >> caller: talk to you. >> done snald do we have done snald. >> caller: yes can you hear me now. >> you sound good. let's hear what your portfolio is. >> caller: second time caller here my five stocks are american electric power, union pacific railroad, pepsi, illinois tool works and apple. am i diversified. >> wow, i like this portfolio. you know i like american electric power i think that's got a good yield, fantastic growth apple, of course, own it, don't trade it many people misinternrupted ther quarter. union pacific is new management. i wish i knew more i am favoring right now canadian pacific since they merged with

ksu and then pepsico, how can you go wrong you're doing a remarkable job. i think that is a very, very nice portfolio next up we've got ray in florida. ray. >> caller: jim, thank you. >> of course, ray. >> caller: i've earned and learned from you my top five stocks are apple, berkshire hathaway class b, pfizer, exxon mobil, caterpillar. >> all right let's go to work here. caterpillar i want to buy more for the travel trust we talk about that wednesday at 210 i think it's a great thing. buying on the way down infrastructure 2024, not for short term orders in 2023. exxon mobil, the class of the league oil companies i prefer chevron neck in neck pfizer is a little bit down on

its luck a lot of things have to pan out. i actually prefer eli lilly even up here. apple is own it, don't trade it. berkshire hathaway, we adore warren buffett i like very much but what great callers. "mad money" will be back after the break. >> announcer: coming up, what's on your mind, cramerica? give us a call the lightning round is storming the nyse next.

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it is time it's time for the lightning round. and then the lightning round is over are you ready, skee-daddy. time for the lightning round chip in texas. chip >> caller: yes, sir. boo-yah. >> does chip come in hot what's up? >> caller: this is chip from dallas texas, aka the transylvania vampire. >> i didn't know you had them down there what's up? >> caller: mer charnlt galactic holdings >> invest in it. i'll tell you something, that company is losing money hand over -- i think it lost a million dollars. we'll have to say no to that company. how about steve in new york? steve. >> caller: jimmy chill my mentor first time caller, long time pickleball player.

>> there you go. my wife loves that game what's going on? >> caller: everything is good. a while back in 90 -- >> that was the day. those were the days. the halcion days when all they cared about was revenue growth a year ago we decided you needed to make money, too, and those guys have not gotten to the program. the answer is no clinton in florida clinton. >> caller: hey, jim. it looks like ast space mobile has had some success with their technology but they're not making any money yet what do you think? >> well, then what are we going to say, clinton, other than -- >> sell, sell, sell. >> we are rigorous with integrity on this show let's go to brandon in north carolina brandon! >> caller: boo-yah, jim! i like to give a shout out to my buddy paul who just retired. >> paul, go fishing. >> thanks. >> caller: calling about rocket mortgage -- >> no.

keep calling nothing good to say about rocket mortgage i'll throw in that other mortgage company, too. we don't like mortgage companies. we do like the way matt plays the game on the sidelines. that looks pretty darn good. let's go to jeremy in california jeremy. >> caller: cramer, this company has zero debt, strong balance sheet. large institutional insider ownership. what is your outlook for cprx? >> this is a company that i think is a terrific spec because it has medical solutions in and a lot of the medical companies need something like this and that, ladies and gentlemen, is the conclusion of the lightning round! >> announcer: the lightning round is sponsored by t.d. ameritrade coming up, the china conundrum is as real as ever so why does the enormous communist economy look so much like ours cramer has more next

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what the heck is really happening in china in all my years trying to analyze this, not since nixon went to china have i been as

baffled as i am now. of course, there's the obvious we know our government has decided to limit what china can buy from us when it comes to the highest of tech. we ban the h-100 that's nvidia's highest chip no other chip maker comes close to nvidia when it comes to a.i our government has banned them from getting the best of the semiconductor capital equipment. they can't get chips from the p.l.o. we know they went back to the communist roots but the major crackdown is conspicuously wealthy. how about the consumer what's going on here last night the european luxury company that makes cartier watches reported an outstanding quarter. you can't buy a mansion in china, how do you show you're rich richemont. that?

china. and we got some macao casino numbers earlier and the big gambler numbers. last week steve could he vac and i had a call with tim cook who made it clear that apple's phones are selling very well over there they're expensive. then there's the tale of two boe bones. not long after apple hr sold to tell co chip makers, they said android has been a star and has simply hit a wall. i was talking about how the mighty had fallen but it's pretty clear it's in keeping with the rich are spending like that in china. they don't want cheap bones that run on android or maybe the rich can afford apple and the rest of the country is too worried to buy anything even coach picks up scaled handbags did incredibly well in

china. the was it just okay for starbucks, which gave us a so-so forecast, shocking, given we thought sales would come roaring back at the gate i still believe we earn them for the trust. at the top of the show, we didn't see good numbers from estee lauder they sell expensive cosmetics but the purchase point are from duty free stores that have been favorites of the mid dle class. if you didn't know better, you might have to conclude that china's become a normal late stage capitalist company where the rich have a lot of money and are spending like crazy. it has a more subdued spending pattern perhaps indicative of a class conflict that flies in the face of what's supposed to be a communist country. at this point the numbers are anecdotal. maybe we can change but right now it is fair to say that if you want to talk about the rich getting richer and being flashy about it, clearly china has

become no different than america. speaking of one of the nouveau, it does transcend workers. i like to say there's always a bull market somewhere and i promise to find it just for you here on "mad money." i'm jim cramer. a top player on capitol hill gives us the inside scoop on next week's critical white house meeting. housing titus is heating up and fires let out in the cold. a major hedge fund liquidated all of its chairs on amazo