igv. expanded software etf. >> guy >> throwing the first pitch out tonight at shea, roxette slb, mel >> thank you for watching "fast money. see you back here tomorrow at 5:00 "mad money" with jim cramer starts right now my mission is simple, to make you money there is 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. my job is not just to entertain. tweet me @jimcramer. >> that's a jailbreak.

nasdaq at 3% this rally is unlike anything we have seen in ages because it was based this time almost everything but tech. it was a pretty glorious advance. >> buy, buy, buy >> for weeks i have been telling you just to own stocks, right, because you can't wait for the all clear jailbreak that happened today you can't fight the positive take at the same time, you know the rally is no longer early when it broadens out like this, especially in a bull market and we are in officially in one. so i don't want to get all bulled up, just like the move. and, yeah, we are late in this particular move. long-term bull the big money is being made right now, but it is also being made on the order of sacrifice tech because there isn't enough cash to go around at this point without something being sold, and it might be your stocks. let me explain something these days, they're like no other. these days are when the most money can be made, something i

will be discussing tomorrow at our monthly cnbc call. this morning we came and had a besign index number. it was soft and sweet with a handful of two entries that's okay. the fed continues to win its battle against inflation as i predicts because i told you jay powell is a winner it's obvious to me there is a nice trajectory here that could produce a soft landing, a gentle touch. then you go off the jet way, boom what a great trip. now, the recent run is quite unexpected because everyone is terrified of what's known as the yield curve. i think it's a tiresome concept right now. but longer rates are equal to or much lower than short-term rates as they are now. that's supposed to signal that we will have a recession no matter what. unless people really feel awesome about the future so call it a hard landing, what everybody is looking for, a hard

landing. the fed will be cutting rates by the end of the year. there is no denying that is the betting favorite ever since the bottom in october, i have been telling you this rally is predicated on the idea that the mega cap tech stocks will do just fine ♪ >> balance sheets and their products aren't all that economically sensitive, they'll do fine. i don't call them nation states for nothing. they're nation states because they're separate from the u.s. economy. the money comes out of tech and goes to the rest of the market, and that's what happened today the money also comes out of bonds, and they were for sale all day. does it make any sense on a day when inflation looks like it is under control or more under control when there is bond coming out of the bond market? shouldn't rates be going down? in a normal market, yes. but you have so many people betting on a recession that it looks like they all have to

switch bonds down, rates higher still, i rail against those that believe that the fed will be cutting interest rates by the end of the year. i think they're so wrong when they unwind the positions, which is what they started to do today. that's basically what we saw people also streamed out of those one and two-year treasuries that were so loved. they're feeling the pain of not being in the stock market, too. >> house of pain. >> see, they thought they were so smart picking up that 5% for nothing. turns out it wasn't nothing. it was 5% at the cost of sitting out at one of the greatest stock market rallies i have ever seen. and that's why we had today's bullish jailbreak. now, traditionally this is the part of the rally i don't care that much more we have had weeks upon weeks upon strength. that meant nothing to these so-called experts. so what? these days it is mostly bear and you need to come up with any reason why they aren't in, why they weren't wrong in reality, you know what they

are? i have been thinking and thinking and thinking. losers and i just used that word because they're losers this is the business of winning and losing you win when your stocks go higher hard let me further anal guise. let's say the nfl. we're in the true gold standard business in nfl terms, this market has been winning for months, but they were ugly wins, close game wins, wins that because have fewer penalties, fewer unforced errors sure, the winner spotted the loser 5% at every contest, but they got nothing for it because a w is a w today we saw a flaw in the argument of trying to get an l and still make money because when we have a soft inflation, money managers know they have to move fast through the market they need to start covering their short position at carvana. so the next thing you know, what

happens when you try to buy stocks but there is not a lot of shares upstanding. up 11 points for deere up 7 points for caterpillar. you arewaiting for the all clear. you're chasing these stocks. they're not suddenly great it is the short tail suddenly, we have money streaming out of tech because people have big gains there and they want to move them into the industrials. you have money flowing from the bond market because there may be no recession and the opportunity cost 5%, well, to do nothing seems a lot higher ugly wins work but if you want to come in right now when we're overbought and we already had a big boom, to me that makes you vulnerable. i don't think you make that much money coming in here at this point you have to late because the johnny c-come-latels are not here for desperate wins. cat piller, may 1st, $206.

everyone told me severe recession, you have to stay away from cat no matter what. 13 days later, it is 245 suddenly, i didn't like it, but at $245 i love it? maybe i'm crazy, but i liked it when it was $40 cheaper. i like a ton of stocks i can see why people wanted to buy the max. you do want morgan stanley, jp morgan there is nothing wrong with wells fargo. it is terrific target is pretty low but if you think you can come in at these levels and make a great deal of money, history says you will be disappointed sure, maybe when they sound the all clear. maybe jay powell says it is time to guy disney or tells you to swap out nvidia and buy intel. however, i think you're much better waiting for the s&p 500 oscillator for market edge to come down or, put another way, the big-time strategist will be

all over the market tomorrow to tell you to buy. they just need to see all 500 stocks to move up and then they will tell you. maybe they need all 600 stocks in the s&p 500 to move up before they tell you to bounce. the sideline money wants in because they didn't count the slot we've had more months bottom line, those that came in today are truly the people who believe they didn't miss caterpillar. they didn't miss apple they didn't miss oracle. they didn't miss nvidia. and you know what? they did they are late to the party here. somehow they convinced themselves they are early. they are wearing the lamp shades on their heads passing out on the couch. me i hate being the last to the party. >> how are you, carroll? >> good, good. been watching you forever on cnbc. >> i've been on forever. incredible i was on radio what's up?

>> yeah. in 2005, you recommended buying google with very strong words like, you have to buy it you have to buy it >> i put it on my fingers. i wore it on my head i did everything i could to get in they all laughed it was like carrie with john travolta go ahead oh, i didn't cutoff carroll, did i? i still like alphabet. i like it. we've been talking about that for months. >> what! what happened? >> nasty how about hunter in virginia >> boo-yeah, jim first-time caller here. >> yes >> my in-laws george and elaine have been watching you since 2005 assen e-bay shareholder with an average price of $54, would you continue with long-term growth prospects? >> no. they don't have the kind of growth you want. i don't like paypal either money losers mean no buy

barbara? >> hey, jim. it's barbara from new jersey i have been watching your show for years. my question pertains to exxon stock. i have a sizable investment in that stock and i see there's been no movement even with the tightening in the oil. >> right. >> should i hold or sell >> no, no. exxon is a good, solid company now, i'm not a huge fan of the oils there but down lower will be fine. i see the recession doing a little buy i don't want to sell the oil that doesn't make sense. a lot of people came in today. i think they're late to the party. i like to be early to the party. i think it's more fun. if you think you can come at these levels, good for you history says you will be disappointed, but that's okay. it is a tasty ipo. i'm taking a look to see if they can take a bite of it. but first the ipo market has some seemingly staaled in the last 18 months i'm seeing what it can mean for

the market as a whole. just ahead, could the market continue to have legs? i'm going off the charts to see what's going to happen to stay with cramer! don't miss a second of "mad money. follow @jimcramer on twitter send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss something head to madmoney@cnbc.com. this is the all new, all electric lucid air. a car that goes as far as it does fast.

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advanced security isn't just possible. it's happening. get started with fast speeds and advanced security for $49.99 a month for 12 months. plus ask how to get up to a $750 prepaid card with qualifying internet. ♪ for nearly a year and a half, the ipo market has been more or less closed.

we still get some deals, but there aren't many of them. that's because everyone still remembers how they got burned by the ipo boom of 2021 what a wasteland that turned out to be. however, it only takes one to -- one high-profile deal to get people excited again and effectively reopen the ipo window that's for just one big bang ipo, and we might get that later this week. at the least we're looking at an important test case, and i'm talking about cava, the mediterranean restaurant chain assuming everything goes as planned and this cava ipo could be the game changer and certainly will be if you are in on it, if you can get the actual stock on the actual price. but that's very hard to do first off, the quality number of deals has been on the rise so far this year, we had 44 ipos, and those deals have total proceeds of roughly $7.3 billion, which is up nearly 85%

from last year that's a lot more money. we're getting fresh deals that are a lot more enticing than the garbage that kept coming public near the end of 2021 when the previous ipo boom went bust. of course, these stats come with caveats. sure, up 85% year over year, but you know what? that number was skewed by one enormous deal when johnson & johnson spun off its massive consumer health division this is one of the largest in multiple years more than half of the total ipo proceeds year to date. if you took it out, we're not looking so good. we're mostly seeing smaller deals. forget this. 44 of the deals we have seen here to date, only 12 of them raised more than $100 million. the other raised more than $50 million. unfortunately, the majority of these ipos are foreign companies eager to get a piece of the u.s. market we have had as many chinese as

american hey, maybe that's the gigantic stimulus that the prc keeps talking about. at the same time, these ipos haven't exactly been catching fire although, they're not doing to terrible either. only 19 of these stocks are trading above their offer price. i find that pretty poor. the largest ipos are much better of the 12 deals that raised more than $100 million, none of them are above the offer price. while there is still an an constitute for larger stills, there is less appetite for the smaller ones that's okay. i will clear that up with cava i will go into the specifics of the deal after the break, whether you should buy it in the aftermarket. but for now i want to talk about the dynamics of the ipo market using cava as kind of an example because that may be the most important factor you need a refresher see, i feel pretty confident the cava deal will be hot. this is the first time profile

profile in a long time make sure the deal is priced properly, which means they will price it at a level when the stock can pop on the first day of trading giving everyone who got a piece of the actual offering a nice, instant profit don't you like that? that's like the old days they do this because they want to lure you back into the ipo casino if the cava ipo gives you a big spike, that may open the deals they want investors paying for those future deals you know how it works. that's how much is on the line here remember, there is a cycle to the ipo market at first, they have quality p merchandise. then once everybody is eager to bring in their money for the next deal, they start bringing in the lower quality merchandise. then you get the garbage like we saw in 2021 and it collapses under its own weight

finally, we come full circle, and after a foul period, the brokers try to lure you back in all over again we're at the beginning when fairy tales can come true. it can happen to you if you get cava this is a popular restaurant chain, which means lots of people want a piece of it, especially the satisfied customers, and there are millions of them you might be willing to pay more than its worth the big money challengers will anticipate this. big allocations. they want as many shares as they can get. but because cava is only offering 14.4 shares, a virtual sliver, these institutional money managers will only get a fraction of what they need the thing is these guys are never satisfied with a small bit because what is the point in owning a position that's too small to move the needle for your portfolio that's why i expect them to buy

more shares on thursday right alongside everybody else they will still have a good cost basis. they got shares in the deal much lower than where the stock could go out at the end of the day put it together. when you look at the ipo market, i'm betting cava will do great on thursday. that could be a dangerous situation if you decide to jump in the stock without knowing anything about the underlying business if they come out of the gate way too hot, there is a good chance you will end up getting burned let me give you an example how about sweetgreen it become public near the end of 2021 the salad chain stock at $28, a few bucks above the range. then higher on the first day of trading, opened at $49.50, trading all the way to $56.20 on the first day high and sweetgreen peaked right there, plunging all the way to $6, $6.10. give you the extra 10 cents.

at its lowest ten months ago down more than 80% from its first day high i don't think cava will be anywhere near that extreme because we're in a very different point in the ipo cycle. trying to entice now, but it is something to keep in mind. we saw similar huge spikes in dutch bros and portillo's. now, i love the concept, but the stock is still down more than 60% from its early highs there was absolutely no percentage in buying these red hot restaurant names too early they crushed you go further back, shake shack became public in 2015, and this was another red hot deal where the investors didn't care about valuation. the stock opened for trading at 47 it's at 96 within the next few months of course, it pulled back.

so the bottom line, it is about time for wall street to crank up and start luring you back into the ipo casino they will underprice these deals. doesn't mean you should buy it it means you need to be careful and cognizant unless you get on the deal itself. more on this ipo after the break. coming up, this casual eatery is going public can a greek food ipo take you up cramer talks about it next

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♪ earlier today i told you how we could be nearing the beginning of a brand spanking

new ipo cycle. where the brokers try to lure you back into these deals with attractive merchandise and discount prices. i think the cava ipo could roar right out of the gate because it will have the wall street motion machine behind it. so what is cava? how curious and cautious should you be about the stock it is a mediterranean restaurant style chain with 260 locations across 22 states and d.c this makes them the number one national player in the fast casual mediterranean category. more than half of those locations used to be zoe's kitchen. is the food good full disclosure, i am not a big fan. my stomach always gets upset with mediterranean i think it's the garlic. the rest of the team loves it. it is consistently packed, especially at lunch. i mean, this is actual iphone

footage taken by dylan lines at the door 12:45 p.m. come check it out. i thought cava was greek for gold mine! if you are looking for a comparison, the closest are chipoltle or sweet greek you walk the line, pick the ingredients and put it in your bowl, salad or your wrap like chipoltle and sweet green. your meal will probably set you back $15 also like them, cava has a healthyish, healthyish oethos. look at these. no, it's this. that said, there is a huge thing between being another chipoltle and sweetgreen it was spun off in 2006, rising

9.290% that's right 9,290% from its ipo price. how about you just go where you have the bowl, right what is it everyone is eating now? empty something. yeah, exactly. meanwhile, sweet pea is now $10 and change i like the chipoltle deal. you need great management, great numbers and you need great staying power. so let's go to the financials. cava posted 13% revenue growth last year. that accelerated in the first quarter of this year pretty good. not incredible much more impressive, they had same restaurant sales growth of 28.4%. >> buy, buy, buy. >> that is spectacular we love a restaurant chain with phenomenal cops! what about other restaurants

specific key metrics there is something called the auv, which finishes the revenue per location for cava 2.4 million dollar last year those are very exciting numbers, superb, even ♪ >> unfortunately, cava is a bit lacking in profitability. >> the house of pain. >> they lost $59 million last year although, the losses are shrinking. they only lost $2.1 million last year much more than the same period a year ago if you are more charitable and you are looking at the earnings before interest, cava is in the black, much better than something like sweet green where the ebida is still in the red. then there is a restaurant level private margin which tells you the profitability of the source alone, excluding corporate expenses that number came in and then jumped to 25.4% last quarter it is closer to the number chipoltle put up last quarter.

it is much higher than 2006 back when it became public. interesting, huh by comparison sweet cream only had a restaurant level profit level of 14% last year cava is much, much better. i didn't like my sweet green salad i had yesterday. as bill smith of renaissance capital put it, cava has sweetgreen like growth but chipoltle-like operating margins. put it altogether and cava's numbers look excellent everything important seemed to be improving remember this? this isn't just some popular regional and restaurant story. it is a well-run business. and a lot of restaurants are looking to see what happens here because there is others in the pipeline if this works here is where it gets tricky it is hard to value something

like cava that doesn't have any earnings i expect the underwriters to underprice the ipo in order to engineer pop for the stock and get the ipo game going again let me just say this if you are betting on cava, a stock that's going from $22 to north of $22 in less time than "mad money" has been on the air, you should remember how chipoltle stock behaved. it was a real roller coaster for the first few years. the stock doubled in the first day of trading and then more than tripled from there through highs of december of 2007, peaking at $155. it only collapsed when we got hit with the financial crisis. do you know this thing plummeted all the way to $36 at its lows at that level it is trading below or open after it became public i don't think we will get hit with a financial crisis like cava i'm just trying to point out that even the might will

chipoltle will give you a much better buying opportunity. i expect cava to absolutely roar on thursday. >> house of pleasure. >> i'm betting the ipo prices above the proposed range maybe at 2 or $22, maybe $23. then i wouldn't be surprised if it doubles from those levels very quickly although, i wouldn't expect necessarily the price to last. unless you can get a piece of the actual ipo on the ipo, i recommend holding off for this one. please, if you do want to buy cava in the aftermarket, these use limit orders, not market orders protect yourself you have no control over the price you pay with market orders here's the bottom line, while i don't like cava the restaurant because, again, because of the garlic problem and my stomach, i do like cava the business. it is just i'm wary to pay too much for the stock you might want to wait for the ipo to cool off before you even think of pulling the trigger

let 's go to bob in vermont. bob? >> caller: hi, jim my question is about the tale of two stocks the first stock is canada goose, and the second stock is fuel cell energy. what i did last week was i liquidated canada goose because i have been holding that for four years, watched it go up and down it was at the zero mark, and i decided the dollar cost average in because the fuel cell energy is about at the halfway point of where i made my initial put there. so my question is, how did i do? >> well, i'll tell you, i like hard quality stuff losing a fortune canada goose is aiester year company. why don't we just guy lululemon? they will have the best numbers. how about gary in evada?

gary >> caller: jim, thanks for taking my call. >> of course what's up, gary? >> caller: i'm retired and considering adding a consumer packaged goods food company to my portfolio the company easily beat the estimates and has an industry-leading 3.8 to 5% dif vid. i want to know your thoughts on cag. >> i like conagra. i didn't like the diplomat at all and "citadel" was worse. anyway, i think the slim jims. although, they upset my stomach, too. i think cava could be a hit when it debuts on thursday, but it could get very hot so we have to be very careful. don't put the trigger if it gets too hot. is it time to pause to see where we're headed

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♪ well, this market is on a spectacular run. nothing gives the fed more justification for holding off on additional rate hikes. maybe the rally is in danger of rubbing out of steam you know that's in my head moments like this, i take a more quantitative approach, though.

that's why tonight we're going off the charts with a brilliant technician she was the first woman on the trading desk at fidelity before coming the director of advanced trading strategy now she's the director of products and education as well as the co-host of the "market maker" podcast i know there is probably another 30 or 40 things, but i have to get on with the piece. do you remember what she said? stick with the tech heavy nasdaq right ahead of a truly magnificent move i think she has a lot of credibility right now. she's the person you want to listen to. you know what? she's actually feeling pretty good about this market she's not as skeptical as i am i don't blame her. she's been right go back a couple years the s&p is clearing three important milestones at this point, it's throwing off

a ton of bullish signals one when the s&p broke out of the december high and coincided with a break-out from a cup and handle pattern i love the cup and handle patterns it looks like a little cup followed by a handle of sideways action and produces powerful runs higher. we documented this over multiple years and it almost always works. when the s&p broke out, its february 2nd high, we were dealing with a fomo, that's right, a fomo fuel rally at that point, lots of people realized s d stocks had gotten k people were efensive lots of cash on the sidelines and the money market funds since then, much of that cash flowed back into stocks. three, yesterday, and that's important, the s&p broke out 4-3-2-5. that was the august 15 high. that triggered a rare bullish

signal as they hit a new 52-week high get this i'm with here. a 525 calendar days. apparently, this is the first long pause since brexit in 2016. remember that one? whenever this signal occurs, the market is up an astounding 92% of the time in the next year very reliable long-term indicators, too. let's look at the weekly chart through the lens that something you and i may like these are the weird things that repeat over and over in nature, snail shells, pine cones for some bizarre reasons, it also tends to show up on the stock charts at key levels where something is more likely to change of course. now, remember, always looking for a delta. these levels often coincide with major resistance zones i don't know why this stuff

works. i wish i did but i know it is surprisingly useful we have support at 4,312 okay so we'll take a look at this 4,312. 11 points, which is also the 61.8% chasing level. as long as we hold above that level down 50 points from the year, it is easy for chart watchers to stay bullish we have some maneuver room here. the next level is a 78.6%, which works out for the 4-5-3-5 price target that everybody thinks is the break-out. that's the next hurdle that needs to clear the next resistance is up 4% from where we're trading right now. you have a pretty positive picture, but that's not quite enough for instant to pound the table. so let's zoom out to the s&p 500's longer term monthly chart. she says there is some more important triggers to watch going forward.

first, the average continues to slope upward all right. got that estimate. the s&p has now made four consecutive monthly closes above this level, above this line, which is bullish in and of itself you need this to have a bull market just as important, you want that 12-month moving average to be sloping upward tells you we're steadily moving in the right direction got that at the moment, it is starting to slope upward but that needs to continue for her to keep having confidence in the rally and for me to have confidence, by the way take a look at the convergence d line at the bottom this is down here, okay? this is a crucial momentum indicator that can help technicians spot changes in a securities trajectory before they happen. specifically right now it is waiting for what's known as a bullish cost we're so close we're so close right here where the black line goes above the red line we talked about this before because it is one of the reliable positive signals out

there. always occurred in bear markets. but they need to be sustained for the bull market to last. otherwise, it just ends up as veal notice how the math team made a bearish crossover in early 2022. that's where you saw that right there. and the s&p 500 quickly melted down below its 12-month average by april of last year that triggered a hideous sell-off this year we need to see the inverse of bullish crossover to send us into a truly robust bull market while the s&p isn't quite there on the monthly chart, it is getting very, very close me personally, i never like to anticipate i actually like to see it go through. i can't just say, oh, it looks on the cusp. that's not how i work. but she could be right here's the bottom line the charts suggest that the s&p 500 remains in good shape. we just got bullish sales from the weekly chart and within a few weeks we get a more bullish signal from the monthly chart.

that's what i want to see first. even though we already had a tremendous run for the october lows, this mark could potentially have a lot more upside if everything goes right. i really like her views. i think they make a ton of sense. although, i would sure like to see this market take a breather or two before the next move because those right now are coming in top of a staggering run, and that to me does not end well for those buyers. "mad money" is back after the break. coming up -- >> what's on your mind give us a call the lightening round is storming the nyse next. we earn your trust. maintain our financial strength and stability. and deliver solutions that meet complex needs. massmutual. partnering with financial professionals, benefits brokers, and institutions.

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♪ it is time this sound and then the lightening round is over are you ready? let's start with jacky in new york. >> caller: hi, jim thank you for taking my call i'm a member of the club and hubb. >> what a great company. right in the sweet-spots great call hope to hear you on the call tomorrow at 12:00. david in new york. david? >> caller: hey, jim. i just want to say thank you you are a multi-generational institution in our house i want to talk about paypal with switching the ceo by the end of the year. >> there is too much competition at paypal. too many companies in that space. let's go to mandy in maryland. mandy? >> caller: how, jim.

how are you? thank you so much for taking my call. >> thank you what's up? >> caller: and thank you for passing on all your knowledge to us sightline, i was thinking of it. what do you think? >> it's good if you make aerospace, may i suggest you buy honeywell. it is a cheaper and great way to make profits go to schmidty in north carolina. >> caller: jimmy chill this is my chird call in three months i feel like we're becoming friends. the reason for my call is i'm calling you about bio haven. i read in several publications that one of their directors purchased $41 million worth of stock in the open market my question to you is, did i -- i doubled my money on biohaven

should i hold, sell? >> i like what he's doing there. i think he's doing a lot of different very special things. i have to double check that investor buy i didn't know that what i care about is the fundamentals, whether they're losing a lot of money. let's go to david in tennessee david? >> caller: hey, jim. how you doing? >> good. how are you, david >> caller: good. i wanted to ask you about the company transocean. >> no. really very cheap and a big move today. all right. let's go to ron in utah. ron? >> caller: hi, jim boo-yah! ron from utah. >> okay. >> caller: i want to thank you for taking my call and for all the work you do for us investors. >> thank you thank you. >> caller: your thoughts on j&j since their recent spin-off?

>> absolutely. i will give you a preview of what i will say tomorrow at my monthly meeting which if it goes against j&j, j&j will get hit. therefore, i always tell people why don't you wait to see the results of the case before you buy any more stock we do own it dustin in colorado dustin >> caller: hey, jim. >> hey, dustin. >> caller: dustin. so i was wondering, should i find the gold mine or fool's gold in adv? >> auto zone, that's the one you want to be in. let's go to jim in florida jim? jim? jimmy chill, jim let's go to jim. jim? i don't hear jim should i go to chris

chris? >> caller: yes, jim. thank you for taking my call first-time caller. you know, with the ai frenzy going on right now, i'm just trying to understand the stock prices my company is c3 ai. >> look, i'll tell you what's going on there tom is an old friend he's a terrific buy. it's a short squeeze and now the conclusion of the lightening round >> the lightening round is sponsored by td ameritrade. coming up, ai, president biden and the cramer days. what a long, strange journey it's been. it continues next.

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the other day the most amazing message included a video that was of all people president biden, or so it seemed even though the president has been a self-professed least knowledgeable about stocks the president then even went into a little detail about what drove the quarter. i said to myself, joe biden has come a long way from the cramer days when i first got to know him. had to hand it to him. i realized it wasn't biden at all, just a perfect ai version that someone sent me and until it was obvious, i know i could have been fooled yet, last time key folk leaders, many expressed real concern about what generative ai might mean to the human race it doesn't seem so silly anymore to assume the machines could take over. others wonder if ai might learn our weaknesses on the job and

exploit them to do something nefarious. what happens if they learn what could really hurt us and set off something horrible i know terminator is a great movie, but i can't see any other reason to worry about this let's go back to that joe biden thing, the endorsement of the stock. you know what? because the technology is so good right now that i think it is only a matter of time before we are constantly fooled by that stuff. i had a bottle signing last week someone tried to get me to buy a corrupt stock. i wouldn't bite. i'm not going to hold up some sign in the new world who needs me to agree with the angry soul? just use ai to create a video where i say great things about some bogus stock that's terrible. i know what it would look like it is an insane video with the fake president biden i also saw myself recommending that stock it was my horrendous philadelphia accent that gave it away thank goodness that my ai dop p

ganger was chattily. is the real sky net from terminator or a fake presidential candidate says something so outrageous that it can't be put in the box because why let the truth get in the way of a good stories. i'm worried about these deep fakes. you don't need ai to fabricate situ situations hitler staged a skirmish between the pol and the germans to justify his invasion now, every supposed to analogous to the nazis ever, i get that. but ai misuse could be the most serious challenge as there are no checks and balances in the media these days the fear should be creating a media environment where it could be impossible to tell what's true and what's false. one thing degenerative ai is good at is telling believable lies, ones we might not have time to debunk, ones that truly

spin out of control in a truly viral way. and given how highly partisan our environment is right now, well, i just say that's the last thing we need. i'd like to say there is always a bull market somewhere. i promise to try to find it for you right here on "mad money." the knives apparently are out inside goldman sachs, discontent mounts. has it reached a tipping point >> escape in seaan francisco how much more can they take? >> and overhauling the agency. one of the authors will join us. and a crack double play on remote work? plus call it a sully s