is with call spreads. i think you can look to jets for an opportunity there. we'll be back next friday. meantime, do not go anywhere, "mad money" with jim cramer starts right now. have a great weekend. my mission is simple. to make you money! i am here to level the playing field for all investors. there is always a bull market somewhere, and i promise to help you find it. mad money starts now! hey, i am kramer, and welcome to mad money. my job is not just to entertain, but to teach you. sometimes a rally will fizzle

simply because there is no more good news to propel things. that is how i felt today on these not so hot new data points. the nasdaq plunged 1.56%. those disappointments put the rally on ice, at least for now. now, this is a market that rallied from the previous report. last night they were reporting that adobe and lennar did not give us a world-beating report. now we have one of the more outrageous weeks of the year coming up. i have to be the only one who is worried about what powell will say ahead of the next big meeting. i make that point because i'm simply not seeing enough

evidence that it has been changed to where he would have to change the language he is using. powell is much more worried about stopping inflation. he is swimming against the tide when we talk about whether inflation is still trending low. you see, the price of crude has snuck up again. with the sky high cost of fuel, it might get embedded into the system. i don't know if that is enough to change the fed actions, but it gives him more reason to stay hawkish in his statement and in the following q&a session. there is plenty that is going right, but i do get worried when nobody else seems to be afraid of an upcoming fed meeting, where the central bank could take a harder line than most people expect. so what is coming? for a long time it was one of

the best ways to make money in a post-pandemic atmosphere, although now there are worries and the worries are that it could be threatening. this does not mean that travel is slowing, but how bad could it get? well, disney posted a very important theme park-oriented investor meeting in orlando at the theme park on monday. that might shine some lights on the division, especially in china, and nobody is talking about it. theme parks our bonanza for disney. by the way, have you been to a netflix theme park? i don't recall any. but disney makes a fortune on theirs. plus, everybody is so petrified that disney has to pay an arm and a leg to comcast. but i think disney can afford

it. they have plenty of cash. that said, i would like to hear some clarity on their espn strategy. i don't think there is really anything to it. again, if you are as desperate as the bears make it sound, i would tell investment club members to be much more concerned and i am not doing that! to me, disney is about to play offense and it starts monday in orlando. how about boating? the cost issue, the cost of filling up is going through the roof! these have been deep -cyclical-ized, and yes, that

is a term. on monday night we might get the pricing of the instacart deal. that is an ipo but it seemed a heck of a lot better a few years ago. something that appears obvious when you look at the downturn in the financing. i think they've taken advantage of the beautiful payload from yesterday. you want on this one? i don't recommend it. i would much rather buy the stock of goldman sachs. they are also getting a piece of the upcoming birkenstock deal. after 18 months, the deal is finally back on. finally we should get our best read on iphone preorders. already we are hearing stories of demand. i say on apple. on tuesday we hear from autozone. this is one of the best-kept secrets in the business.

we know that advance auto parts has had a tough time lately but i think these two are much better off in terms of execution. this is why they dominate the space. they will be in buying it back soon enough. wednesday is when the market's biggest teams come together. it starts with general mills, a company that has been leading in sales. they are turning it around. it is not easy when they are high end pet field seems to have stalled. then we have the fed itself, front and center. the bulls believe that the fed's work is almost done. it is very hard to believe that they are through with oil. at the close, we need to see if kb homes can get the group out of a margin -related funk owned

by lennar. the fed wants to see more homes selling at smaller prices and if they are truly winning the war against inflation it is bad news for homeowners. more on that later. finally we have fedex earnings. i am worried that even the best quarter will not be enough to send the stock higher. we know should be a fantastic quarter, with the latter fear about being closed by a strike. but that looks to be vanquished after they cut a deal with teamsters union. are people still going on? spending money? when we look at darden. that is the owner of olive garden. others in the cohort seem to have stalled out. i like the stock, but not enough to buy it. speaking of the trust, wow!

club meeting. 12:00 noon next thursday. i would love for you to join the club and hear what we have to say. we meet jeff parks, my colleague at the investment club. finally on friday, how long can this thing last? it is possible we get some resolution, but it sure seems like the uaw wants to drag this out. that might not be good. the bottom line, when there is a fed meeting coming up in less than a week, nobody seems worried about it? maybe you want to brace yourself for a little turbulence. how about tyler in california! tyler? >> how are you doing, jim? >> i am doing well, boo yah to you! >> boo yah! so i found out that my son has type one diabetes. my entire family actually has diabetes, so i wanted to ask you about decks calm. >> sure!

first, i'm sorry about the results there. that is a tough verdict. dexcom is a company that does very well when, sadly, diabetes is booming. people feel these drugs will cut down diabetes and i got to tell you, i agree with them. that's why there has been little movement on decks calm stock and i want to be careful here. how about sunny in massachusetts? sunny? >> thanks for everything! i got tired of hearing about my friend making a ton of money through the club. i am here with my kid. so as far as these entry points, are they currently making money? >> i keep thinking they will, but people are saying that with interest rates high, the financing is too expensive. i think that if you want to

play the correlation, you should do it with first solar. and it seems that everyone is overlooking the fed meeting coming up next week, but i think that you should buckle up and get right into it! and on mad money tonight, a major security breach took down the casino mgm in las vegas. what we need to know about threats like that in the future. and we have the latest from the cybersecurity firm octave. for the first time, nfl sunday ticket has made its way to alphabet's youtube. so what does this mean for the alphabet bottom line? i give you my take. and this week i sat down with the ceo of autonomous vehicle company cruze. i am sharing part two of our first interview, so stay with cramer!

>> don't miss a second of mad money! follow jim cramer on twitter! send jim an email to mad money at cnbc.com , or give us a call at one 807 43 cnbc. miss something? miss something? head to mad money.cnbc.com ♪ old school wisdom, with a passion for what's possible. th what you get from the morgan stanley client experience. you get listening more than talking, and a personalized plan built on insights and innovative technology. you get grit, vision, and the creativity to guide you through a changing world. ♪

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see, mgm got hit with a major cyber attack and it appears that hackers broke into the network involving a social engineering effort that involved compromising an employee's okta login credentials. next month i hope to reset the narrative. so let's check in with todd mckinnon. mr. mckinnon, welcome back to mad money! >> good to be here, jim, thanks for having me. >> first i want to get into the fact that you significantly improved your margins and income and the revenues are on fire. how were you able to continue to have fast-growing revenue and a nice profit margin? >> a couple things. it is the industry we are in.

identity is at the top of the priority list. the reason why is because it could keep organizations more secure. we play an important role in protecting companies from those. this creates a better customer experience. we can help them do it all in a secure way. so it is an industry trend and we are benefiting from a positive trend toward identity. it is good execution. you mentioned the revenue growth. we are having with 20% revenue growth in the quarter but also generating $50 million of cash and raising our outlook on cash for the year by $70 million, up to $330 million of cash in terms of goods generating cash this year. that is five times better than last year. so we are doing growth plus efficiency, which i think is -- i'm proud of the team and proud of our progress. >> that is why wanted to get into the mgm hack. i thought your company had done

better than expected from the top to the bottom line and would be the one that people could go to if they just understood what really happened. i don't like to take a bad guy's view of what happened or who is involved. we have the man who has always told us everything straight. can you describe what happened in a way that says how much identity really mattered here? >> well, we have over 18,400 customers around the world. one thing that every company has the -- has the characteristic, okta customer or not, is they are all under massive attack from cyber criminals. the amount that cyber criminals can gain from attacking companies and organizations is super high, so everyone is under attack. one of the attacks is this method of social engineering which is basically praying on everyone's tendency to want to do something to help a friend or help someone in need. they basically get tricked when a bad guy tricks them that they are in own friend or acquaintance. this is a big problem.

we are working hard on our products to make this not a problem. that is where we are focused. first of all, mgm is a great customer and we love them and we work closely with them all the time. when they have an issue we work with them all the time. but i will not comment publicly about this issue. it is an ongoing thing and not appropriate to comment on it, but i will say that the okta products are secure and not breached from that perspective. >> what i'm concerned about is that it seems that everybody at this point would know better, because yes, any system -- any system is meant to make it so that nobody can break in should be accompanied with training, where people would realize that sensitive identity information cannot hack anybody.

>> like all these opportunities, there are many avenues. there is training, there are additional product capabilities, there are how products in the entire ecure ecosystem can be more integrated together to work as a more integrated front. the most important thing about it, jim, is that as an industry we continue to work together to fight off the bad guys. the bad guys are looking at every weakness and we are only as strong an industry as our weakest link. so one thing we pride ourselves on at okta is working closely and collaborating with practical anybody in the ecosystem. some vendors in our space want to do everything. we are more about integrating and keeping customers secure across the entire chain of security, which is where we are putting our focus and strategy. >> you guys have a lot of customers with very sensitive data. at this point if i were to find

out some employee's name and want to do something, somebody should be on guard to say, you know what? i think this person is asking appropriate questions. okta prime has taught us that this is how the system can be breached. isn't that what should happen? >> i think you mentioned companies with sensitive data. what the world is realizing is that every company and every organization has incredibly sensitive data. everything is been digitized and the processes have been automated and it has been great for business and great for growth and strategy of the entire economy, but it comes with risk. that is why we have been able to establish this leadership position as the identity company that can help facilitate some of those transactions and that great digital advancement but also keep things secure. >> other people who begin to get skeptical about how much they are paying for cyber security protection if they see that mgm was breached? >> well, i think that these

kind of breaches in terms of companies thinking about the cost-benefit of cyber, the happen all the time. companies see a direct correlation between investing in security technology and the severity of breaches. doesn't mean they go to zero. if you look at the surveys and you look at the market analysis, it is very clear that the cyber industry is having a positive impact on the severity of breaches on the frequency of breaches, but we are not perfect and we have to get better. we are committed to doing that. >> one last question. i know that you are not the client and the client is who you work for, but do you ever advise paying rather than just saying don't pay up? >> well, you were talking about the specific tactic, the ransomware tactic. if you are in a ransomware

situation, it is too late and it is put time to put defenses in place before that. >> i agree with that and i think that is why your company is done so well over time. hey, thanks for coming on! i know that it is not easy o come on after a couple of tough days, but i think you tell the story very well. >> thanks, jim, good to be here! coming up, first and goal for google? the exes and owes of the sunday ticket new home. that's up next.

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will turn to the nfl sunday ticket, which allows you to watch out of market football games. if you are someone like me, you have no choice to subscribe, because even though i live in new york i am a lifelong philadelphia sports fan. and for the first time in years, nfl sunday ticket is no longer on directv. you can exclusively buy it through youtube. you can either buy it on a stand-alone basis or through youtube tv, which is optimal for cord cutters who don't want to totally give up on live tv. now advertisers love this. thursday night football is exclusively on amazon prime. if you care about major league soccer, that is all apple tv plus. but this youtube sunday ticket- nfl partnership feels different to me.

i think that it is because it is a true needle-mover for youtube, something that puts them right in the establishment media pantheon. in the last couple weeks, all anyone seems to care about i-is a.i. and they have some of the larger competitors to chatgpt. the cloud event last month was almost entirely dedicated to a.i. thomas curry, really smart and tough guy, even held a fireside chat to talk about how they are expanding their partnership, offering google cloud customers infrastructure, software and services powered by nvidia technology. they also talked about it when we were out at dreamforce as well. advertising is the main reason why the stock is up 56% year to date. and take the most recent

quarter. this was 78% of the total revenue for the period. this is a 3.3% revenue growth after two straight down quarters. youtube advertising was great! plus, youtube increasingly makes money from non- advertising efforts, including something that i really like, which is subscription services like youtube tv. that money is captured at a $.1 billion. that is finally up year-over- year. they say the 24% services growth comes from youtube tv! if you listened to the call closely, you heard about all sorts of strengths with youtube tv, especially in the connected space. listen to what the ceo had to

say here. quote, the living room remains our fastest-growing screen in 2022 in terms of watch time. we are reaching 150 million people connected to tv screens in the u.s. and seeing growth internationally.end quote. now, advertisers have fallen in love with this platform. i did not even know about it until i signed up for this. for example, warner bros. has been running a promotion that includes a discount on nfl sunday ticket. advertisers love it because youtube is one of the few services they can still force you to watch commercials on. by the way, this was far from the only partner promotion offering a discount on nfl sunday ticket, which cost $350 million for subscribers and 450 for nonsubscribers. i also saw a similar promotion

from verizon and from fanduel, which offered $100 off. since the quarter, some analysts have increasingly paid attention to the power of youtube and especially youtube tv. 1.5 months ago, influential meeting analyst michael nathanson published a note entitled alphabet, the world's largest media company? he put it out that if youtube treated it as a sustainable media company would already be the third-largest player in the space based on 2022 revenue with by far the most advertising revenue. overall, they just see youtube tv dominating the online cable business. looking at the sales and margins, he pegged the evaluation at $142 billion! we don't pay enough attention to it because it is a $1.7 trillion business, but youtube can already go toe to toe with anybody in the entertainment industry. then just this week, a separate

valuation was published. i think she is wrong on this, but i will give you the number. she says it is worth $400 billion. of that, she thinks youtube tv is worth $84 billion without sunday ticket but she says that adding that money to the business, i think some of these analysts make compelling arguments. but youtube has become an increasingly big part of the bull case for alpha. i think the move to a subscriber-based business model only accelerates. i don't have any numbers yet. but just when everybody was worried about the future of search now that being is teaming up with chatgpt, alphabet came out of nowhere with the hottest digital tv

product. best of all, they have a whole platform. here is the bottom line. it is so, so much easier to get nfl sunday ticket if you watch youtube. it is very befuddling if you try to get to it without it, as i did. i think you are going to be impressed. that is why i see a whole reading of alphabet coming. let's go to david in new jersey. >> hey, thank you for all you do! >> thank you, and we will have a club meeting at noon on thursday! >> i will be there! i want to hear your thoughts on netflix after the last couple days of drops. is this an opportunity to buy? >> i will say yes to that, but let me give you a better one.

disney on monday has a big conference and they are going to play a theme. why is this important? because netflix has no theme parks and theme parks are incredibly lucrative. so i like disney more at 85, as you know, because you are a club member. let's go to paul in minnesota. paul? i took a beating last night. >> yeah, i took a beating on my vikings and i got beat up pretty bad. >> it was a big deal for me, but i'm sorry! >> two good winners. do i have a winner in fight go? >> i think we will wake up and somebody will have a better mousetrap than fico. i like it, and sorry about the vikings. i think having nfl sunday

ticket on youtube tv is a real boon for alphabet and it could lead to a re-rating of the stock that sends it higher. much more mad money is ahead, including part two of my sit down with the leader of cruze. i am hearing how the company is shaking up the industry space with the ceo. plus, we are always trying to figure out where inflation is. i will find out what it is and what you need to know. plus we have much more, so stay with cramer!

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last night we showed you our conversation with cruze ceo. as i mentioned at the time, there was so much fantastic coverage that we broke our interview into two segments which is highly unusual for us! here is the rest. >> now we are obviously mic'd up and this is for tv, but i have had discussions in a cab of which one person is not signed an nda, one person is free to listen, and one person says i had jim cramer in my cab! that is maybe the biggest setback for my career if it goes viral on twitter! >> there are people talking about breakups and interactions with somebody two feet away

listening. >> i was in a car last night. it was 11: 30 at night. the first thing i thought was did he have a pop? so now tell me. we are in some area that it knows, because you plugged in the row. if there had been traffic, would it pivot? >> it has real-time rerouting. we have a lot of data. >> do you have a brain like dojo that someone makes a big deal of? >> we have a fleet learning system. >> so he is telling me what? >> so we are heading to the waypoint, but i will reroute us. i just typed in another address. >> now it is novel right now. will it not be novel one year from now? >> it is not novel in san

francisco! >> really? so you are not taking pictures and selling them back here? >> the thing is when you get over to fisherman's wharf and where the tourist areas are, everybody has their phone out. >> it is so much -- i find it incredible that when i saw you initially, i think you were allowed to be in a three-square mile area endeavor but he was worried. now houston and dallas are cities with very libertarian free thinking but they are also not known for technology like boston. they take to it, right? >> yes. it took us just a handful of days to get the permits. we are working closely with regulators. they have a very important job to do. some of this deserves oversight, but we are seeing a strong interest outside california as well when they see the safety benefits and they see the additional forms of transportation we have in

our city. it is a clear win. >> one thing i'm thinking about in terms of where we were, sometimes in tack, because of twitch and other things you have done, there are 1 million miles and that was a big deal. now it is like okay, $5 million. it will be $10 million. it could be 20 million in 18 months. you don't have to worry about the empirical data. >> yeah, there are 1 million miles per month we are working with and it is growing from there. but yeah. so the problem is that really catastrophic events like a fatality are still relatively rare in the u.s., so it will take a lot of time for the full story to developer and safety, but if you look at more frequent things like injuries on our roads and especially in dense cities, we already have enough data. >> i think that we have to get away from the notion of a

particular instance in some part of arizona versus a child being run over and not having -- >> that just happened a few weeks ago. >> i don't know. as a parent, i tell my daughter how to drive. i would have, frankly, had nobody teach her how to drive in terms of print ability and awareness. the product ability and awareness of this vehicle is far in excess of what a 16-year- old does. sometimes you will see the car slow down and think what happened? then you see a cyclist approaching or you see somebody come out from between two parked cars. when you have those moments, it is really comforting. >> we have not talked about origin, which is apparently very close to being a reality. would origin be commercial from day one? >> i'm not sure. you mentioned that we started in a small corner of san

francisco. this is part of our rollout plan, as we always start out small and roll out progressively, but we are waiting to get a response on regulators on operating this vehicle. this is the first one without a steering wheel, so this is new. when we have that we will put it out on public roads as soon as we can. it is designed from the ground up. it has room for up to six people with seats that face each other, which is really fun. you have got fun things like stereo and lighting and everything and doors that open like a train, so it is easy to get in and out. >> so i have to go to cupertino, let's say, from san francisco, and i want to go with a bunch of my friends. much cooler than having a carpool where one of them has to drive! >> yes and it is ideal for commuting as well, but really when you have this group setting where people are facing

each other and there is nobody else listening, everyone kind of has their guard up a little bit if you were in a traditional rideshare vehicle or if one of you has to drive. it is the usual thing, where you have to stare at the back of somebody's head. >> it is interesting, that the last time there was something that would be an advantage, it was the radio. you have the radio. here i can imagine a situation where you have the liberty of having your friends and realizing we can talk about anything about the game and not have somebody say what a bunch of jokers. i don't want any judgments made. i feel like every time i am in an uber, i feel like it is an experience that i don't like. i don't know. usually i give them a tip, right? but there have been ones where it has not been -- if i could have the choice when i get to a

new city, i would much rather be able to use this, call up and get in the queue, wait to see if that is the team .116528 and i am looking for that, versus this. i think that this is just kind of a fun experience. >> i agree. you are not going to have to look for a license plate number! >> i think that these are things that we are going to find novel initially. it drives us and it is safe and you realize, i don't want to go back to what it was! >> our biggest thing right now is our supply constraint. we have lowered our fleet size a little bit. but regulators, they are acclimating to this new technology. but in the not so distant future there will be more supply in san francisco and people can use this as much as they want. >> so this is a right and there

is no light, so it is just a judgment call. we are inching out. there, someone was actually reckless and it anticipated reckless behavior? >> it is looking for any signal, sometimes barely perceptible. it was waiting for any signal that the vehicle was going to slow down before it decided to merge in front of it. >> and it has a level of sensitivity to touch that we would welcome. >> in terms of touch, yeah, the way it drives, but also the vehicle itself is very sensitive. so if it comes into contact with another object or vehicle, we put a lot of effort into making sure these vehicles are safe. >> it is interesting to think that when you are trying to get the data, it would favor the driver because they do not report this. so they are under reporting accidents. >> well, there is an incentive if you know it would make your

insurance rates go up, right? >> yeah! with these you are so over- scrutinized and they are so under-scrutinize. but to me, i mean, some people have expressed fear. i think they are a delight. coming up, cramer takes your calls! it is a fast fire lightning round, next!

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(mom) bringing in a new roommate to save money - is that the plan? (dad) well we gotta find some way to save.(we did it) so say hi to glen. from work. (glen) hey. that's my mom. (mom) i think i have a much better plan. we switch to myplan from verizon. we get exactly what we want and save big. all on the network we can count on. (daughter) it's a good plan (dad) that is a good plan. glen looks like we're not going to be needing you. so i'll see you at work. (son) later glen. (vo) this week. new and current customers... get a free samsung galaxy s23. plus galaxy watch and tab. all three. all on us. that's a savings of over $1800 offer ends soon. it's your verizon. it is time for the lightning round!

and when the lightning round is over, are you ready? let's start with glenn in illinois! glenn? >> steve -- jim, i just saw couple days ago the investment was recommending oil stocks. i was wondering what your thinking is about oil service. >> it is very, very good. we feel that oil has been going up so much, but i have to tell you, i like it very much. it is a great company. let's go to joe in new york! joe! >> k, cramer, how we doing? >> i'm doing well. how are you? >> thank you, sir. in terms of this stock, i don't know why it is not going up! it has earnings, it has revenue, it pays dividends. it just increased by 7% or

seven cents. >> i share your frustration! i think the stock is too cheap. i love it. it is very profitable. i think you hold onto it. let's go to brian! brian? >> good afternoon, mr. cramer , sir! booyah! i love your show. i am wondering what you think of this company? >> i think you should stay away. samantha in missouri! samantha? >> hello, cramer! >> k, samantha, how are you? >> i'm doing good. how are you? >> i'm doing fine, thank you, what's happening? >> i was wondering what your thoughts are on aviation. >> i think you should sell, so sell. let's go to chris in washington. chris? what's happening? >> first time collar, long time

viewer. member of the club. >> don't forget, thursday meeting! >> excellent, yes. want to get your thoughts on this. >> i think that in the end the stock is very cheap. it is in the realm of owning mastercard. let's go to walt in north carolina! walt? >> hey, jim! i really appreciate your candor. >> you are very kind! thank you. >> jim, two years ago i authorized a stock at $62 per share. it was 4.5% at that time. in the past two years, the stock has fallen to around $34 per share. >> very, very discouraging. here is my take. i will tell you what. the company is not a very good buy.

and that is the conclusion of the lightning round! coming up, home prices have soared since covid and mortgage rates have more than doubled. can the fed do more than say happy house hunting? stick with cramer.

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we are always trying to figure out about inflation and we are always being thrashed by the fed. the average price of a home is still up 40%. that is unacceptable. i think the thing will be what it takes to crush all inflation. given the mortgage rates have more than doubled over a very short period of time, we are already starting to see some cracks in the housing market. that is not enough but it is

certainly going the right direction. of course there is also a focus on the consumer price index. as the executive chairman of lennar pointed out, rents have moderated. that is terrific news. it means the fed is winning on the housing front. when you are looking for an important cycle, you need to search any and all data because you do not want your thinking to be skewed by an outlier. it is being said that housing sticker shock has been pushing down home prices. it was reported today that nearly 60,000 agreements were canceled. that is a disturbing trend for homeowners but very good for the fed and consumers. will any of this matter? i think we will be able to see something realistic happening. every housing cycle starts the same way, with declining home

prices. initially, homebuyers burn off all their existing inventory. then the homebuilders start to hit the market with higher- priced homes. buyers step up and they raise prices again. then they start barking, especially because this time the feds tightened it up and the cost of buying a home is starting to get unaffordable. usually mortgage rates keep going higher. just as the homeowners have new inventory hitting the market, the price then cascades lure to prices that are much more realistic. i think we are about to see that play out again. it is what the fed wants to see. as long as the fed does not cut interest rates, they will get away with it. but as with anything else with the fed, we don't want them to win too big. we don't want the industry destroyed, just hobbled.

will it happen again? i sure hope so. we need this tightening cycle to end if we are ever going to get away from this endless worry about earnings being bad. but the rate hikes will not stop until the housing market is i'm drew kramer, see you monday. last call starts right now. right now on last call, detroit floored. a fight over future and a fight over ev's. instacart set to kick off with a public bang. gasoline prices soaring to a new seasonal record and don't expect the pain to end here. an insider buy of massive proportions. >> i would like to speak to the manager. mcdonald's owners lashing out against a controversial new bill in california.