long. it's an important part of our daily market coverage, so continue to risk less to make more. "options action" will continue during the week. we want you in the meantime to have a great weekend. stay out of the way of the storm if you're on the east coast. you know what's next. "mad money with jim my mission is simple. to make you money. i'm here to level the playing field for all investors. there's always a bull somewhere and i promise to help you find it. mad money starts now. >> hey i'm cramer. welcome to mad money. i'm just trying to make you money. my job is to educate you. call me. okay there might be something to -- may be start of something good. stocks bouncing, nasdaq where all the damage seems to be

stable but then the gloom returned and it all broke down. the dow only losing 107 points. s&p declined .33%. not bad because how bad its been but a selling respite turned in to just no stopping those who want out. just isn't. can it continue like this? could things finally start to pick up at the end of september when we come in on monday we will most likely have in concrete -- something we can deal with. maybe sink our teeth into about this uaw strike with ford. today ford made big inro ads with the union.

gm is being targeted, ford has a better relationship because they have been hiring union people for years eying the competition has been shedding them. always seemed absurb that the uaw president chose to treat the big three equally. if ford can get a deal done on decent terms this trust stock could start a sustained climb. that could be monday's business. tuesday, we have one of the best promises of small business when we hear from sintage when a story. uniform rental service. a lot of other stuff. the company grows with morocco%. i bet their numbers will be great. they have been able to get new contracts even when business is strong. i have long been a fan of the stock. let's see if they are finally seeing a slow down in either new or existing clients. you know they have a million clients. we should know. just last night. you know i think the world of

what dave -- carrier. he is recreating the companies. the most environmentally sound of heating, ventilation or hvac systems. so much energy used for climate control by making this more efficient. is he helping them become more environmentally friendly and reducing their electric bill. currently 12 million euro acquisition. it is a great company with a great product that uses much less energy to make heat, using a special boiler technology. i like their attitude. after the close my favorite retailer costco reports. there are so many things we need to hear. the flout rate, high tier members and -- maybe a boost of membership fees. that always helps the bottom line. how about how many are switching branded to the kirkland store brand. all this will help us get a

bead on how things are going on in this whole country because as much as i love costco and i love it, we need to find out if this company has seen any kind of slow down because the fed will keep raising rates until the consumer cools. maybe the consumer cools by going more to costco. next is the payroll processor of choice which have been holding up well. it's amazing how few layoffs we have had while many new businesses are still being formed. business is stalled. you must accept the fact that more rate hikes coming. it doesn't just go away. we don't just -- things are terrible because things good. like i keep saying, business is way too strong for the fed to think of letting up, let alone cutting rates when thinks that? besides the people in the bond market. is the long drought over in the pc world? has the inventory of semi

conductors been worked off and to we finally have fresh demand? only one company can tell you all that and that's mu. micron. i really like them. i real why i like -- to tell it straight. the over supply of the chips all the way. i will listen close toy to everything he says. so much of tech depends on the personal computer. a giant dram user. that's where they go. they go all over the place. they are in a lot of different things. there's still time left before we get to the bottom of the huge inventory but the stock has been creeping up. we don't have big demand at the pc level. we don't have those new pc's. that will be first quarter of 24. all the ai stuff with your pc but that's far out. maybe we can anticipate it. thursday morning we get to hear from one the most consistent companies in tech. accenture. they aren't really a tech company. it's more of a consultant to

companies that want to digitize. they should have a solid handle on ai. how quickly can we make money off it? anyone can tell you it'll be accenture. they rarely miss. when they do its something to sell off hard and then it comes back overtime. business is so strong and people need their help. carmax, they are more than i thought. sit down, wow, they know what they are doing. i'm expecting this used car company to put up great numbers. there's a financing part. they -- interest rates are going higher. people buying cars on time. financing, and the feds are -- going to be hurting all the used car dealers. in that sense car max is the front signs of the attempt to slow the economy. even as prices have come down from their highs. let's find out if higher rates are finally choking sales or if they continue to be good. probably the most controversial story next week will be the quarter from nike. we need to be concerned about sales in chain a for the first

time we are hearing that chinese sneaker companies are making inroads. stock is down 40 points it's highs. this is a darn good company. for weeks wall street has had nothing but good things to say about the cruise lines. if this is gloomy as next friday as it was today i got to tell you you don't want to touch the stock. no way carnival gets love unless the backdrop of gloom changes. finally macro numbers, namely the core inlater. month over month and year over year. this is one of their favorite measurements. i'm laser focused on inflation. buyers, still seem to be reluctant to step up until this tightening cycle is over. we are now witnessing a classic move toward bonds given that interest rates have gotten to

levels they haven't seen in 18 years. when you get something like the core pc donate we need to see -- go lower or the fed won't be done. i'm not sure it's there yet. the economy is too strong. the breathtaking move hiring rates at the long end of the dusk, 0, 30 years out may start to curb spending because the job market has been so red hot. here is the bottom line. i think the averages are getting beaten down to where it's easier to rally but until we see some signs that it's beaten inflation it's hard to get too excited though a market as hated as this one can always throw you a hanging curve. arthur in california. >> hey jim. thank you for taking my call. >> absolutely. what's going on.

>> i was looking in to buying a stock, something steady, long term for my kids who are really young. i was looking for something that was recession proof with great dividends. i had my eye on pepsi or coca cola. which do you think -- what are your thoughts in. >> this is tough. coca cola had some good numbers. pepsi, it's just taking this frito lay business and put it turbo charged. i will say right now pepsi is the winner of those two. right now they have it going. how about we go to my home state. jason in new jersey. jason. >> i'm just a young man from new jersey. i watch the show all the time. thank you for what you do. >> thank you. >> i got a bang stock for you. multiyear low, great pe. great eps and a killer

dividend. what's your take on tfc? >> absolutely agree with that but that doesn't make a stock go up in this environment. everything you said is true but i got to find a reason to pull the trigger and at this moment i just don't have one. very to stay focused on inflation. it'll show you when this tightening cycle will end. i think we are closer than you realize. i'll still backing larry williams. i'm hearing more about if the strength will continue for the top brass. natural gas prices have yet to recover from last year's decline. $2.76. what should you do with a company which is the larger? and now that we know the fed plans to keep rates higher for longer what could be the long term impact on our nation's best deal maker, newport? i'm talking ceo to see if this recent dip could be viable so

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federal realty. it owns mixed use properties in first ranked suburbs. they have great tenants and raised their dividend for 56 straight years. that is by far the -- streak in the industry. these are shopping centers. welcome back to mad money. people have to understand. they have heard dividend cuts. they are worried about people still shopping that's not amazon. there is a level of shop that is in your routine that we go every day and in the good neighborhoods because then -- you can have a company like yours that can raise the dividend every single year because you're doing so well. >> precovid it was kind of like purgatory. did you need bricks and mortar.

let's get everything delivered to our house. covid hits. people get quarantined. we figured out people are social. people like being outside. open air hasn't been as strong as it is today in really a long part of my career. >> and means your places filled and doing well. >> you know what it is now. if you sit as you just started out you have interest rate which kills real estate values. you look at federal today. 56 years of raising that dividend. you can get 4.5 yield% while the stock price is under the value of these assets longer term. while ru waiting for whether it's one more, no more, whatever is going to happen i can tell you that the dividend is shortly -- pretty darn secure. 56 years should tell you that. collect 4.5% while you wait, what has happened and that is

that we trade at or above the net asset value of the company. >> so people say come on. i will say we have together and we said we have to go buy a bed, bath and beyond and we will open pickle ball courts. it turned out you filled them in how many days and for how much more money? >> for the longest time we have known each other for a long time. >> we have. >> and for the longest time i kept telling and you i believe this, that supply exceeded demand. that was the case because it was development through the 90s, through the 2000's. there has not been new supply of shopping centers now in over ten years, 12, 15 years. guess wá guess what happened? that changed. demand exceeds supply. the idea that a box goes out, so what? a box goes out but the moor important thing the boxes whether it's the replacement for bed, bath. whoever it is. they are important because

everybody knows about them. they are largely public companies. they bring people to the shopping centers but you don't make a lot of money with them. you make the money with the small shops. you make the money with what you do with the people that have come to shop at the boxes. that's why food is really important. that's why health and beauty is really important. that's why personal fitness is really important. open air shopping centers in high quality places. >> that's. >> and we will. >> matters where they are. >> people have to me making a certain amount of money in the area for this thing to work. barriers to entry means you can't have a new shopping center every three miles because there's no pricing power. >> santana row. now they will say i got the next quote. d you have s -- they got bit by cisco. that will hurt you. why is that going to hurt us? first of all it's a -- it's an

incredible credit that assures payment of that lease through its lease term which is years away. then when when we are talking about those years to come what happens to that space? i'm temperaturing you. you think we will give up on cisco? i don't know. you can't -- you can't tell me it's a problem today if i have years on that lease of a better credit than i had yesterday. >> i do want you to talk to me -- i want people to understand that you decided that you are not everywhere. you are not going to be in every part of the country. that is a losing strategy. >> you know there's been -- think about that. i think anyone in new york or in my major city understands this. when the people who are making good livings downtown got the opportunity to work from home, three days, four days, whatever it is per week they took prosecutor purchasing power that they spent downtown and they brought that out to the

suburbs where they live. now when i think about the family who used to be -- the bread winner going in for, four or five days a week now its home two days a week. they are still spending but -- that's created a small demand at our places in these first ranked suburbs. really important. has to be good jobs in those suburbs. >> are there any room in any department that you built? >> no. >> tell people the strategy. this strategy was great and everything thought it was dangerous. they are small thinkers. >> if you are a real estate person and you use retail as your -- that's what you do for a living. that's what you are really good at. you are bringing a lot of people to a piece of land. how do you exploit that further? the idea is that in certain places the ability to build up, you are not going to do retail on the 8th or 10th floor. you're going to do residential,

office, what you will do is exploit the -- environment that you have created on the ground floor. that has worked really well for us in four or five of our major markets. >> it's amazing that people don't understand the experience. there is a difference between them all which is at one point we why all -- the shopping center which is we are in love with now. how did that work? >> i -- the bottom line is where the real estate is the most important thing. no matter what the format. there are plenty of malls in great locations that work well today, work well yesterday, will tomorrow. to me what it's about is the authenticity of your lifestyle. so when you and your family live in a suburb i want our place to be an extension of your backyard and extension -- >> your supermarket, work out place.

i want a member of your extended family to be at our property three, four, five times a day for very diffuses. that's why larger pieces of land, really well landscaped, well place made, demand exceeds supply. if your viewers watching have you to ask is there demand at the top line? if nobody wants it. doesn't matter the interest rates, doesn't matter the other stuff. do you have demand for your product. we haven't seen this level of strength and demand for a very long time. environment that's why your stock is ridiculous. >> i sure think so. >> and there are times when i was worried that you raised the dividend and i know you are the only one -- there's other guys. i don't want to slam them. good companies. there's only one that i know with the great -- i urge you to look. beholden to not one single company. not one single company. that's how diverse you are.

i love that. >> record earnings. record revenues. record traffic these days. start there top line. be able to provide value to your share holders. >> don woods. federal realty. great yield, never raises it every year. the only dividend in the entire industry. back here for the break.

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a bank that knows your business grows your business. bmo. ♪ is it possible to fall in love with your home... ...before you even step inside? ♪ discover the magnolia home james hardie collection. available now in siding colors, styles and textures. curated by joanna gaines. natural gas, never really recovered from its meltdown last year to the point where it spent the last six months bouncing between 2 bucks, 3 bucks. stabilized toward the high

range. the price remains low by historical standards. we had a milled winter. if we get a bad winter. so is it time to rethink the natural gas producers which i happen to like? let's look at the corporation, america's number one natural gas company is focused on the -- we have been to these places. southeast ohio. we are going to talk to toby rice. a better sense of what's happening. welcome to mad money. >> happy to be here. >> i got to tell you. not that i'm a hollywood guy but before we get started with substance, you guys had a drilling record that's so remarkable. i want you to share it with people. i had -- i had to look at it twice. i didn't think it was possible. it's incredible how fast you drill. i'm giving you the floor on it. >> yeah. we set a drilling record for the most amount of horizon

isn't feet drilled, we drilled over 18,000 feet. that record has been broke skin that is no longer the record. the world record is established again about -- a couple weeks later the team broke their own record and drilled even further. what's really remarkable to think about this, the efficiency that we brought here and american energy, we are holding about six bcb a day of natural gas production flat with only four rigs. think about that. that's the amount of energy, about a million bare he els a day energy in gas form. being held flat with only four rigs. it's a remarkable resource and asset we have here. >> so those who think we will be exporting so much that we will run short in this country should list tone what you just said. it's almost ridiculous to think that could happen. >> people need to understand that the amount of resource we have is directly connected to the price of natural gas, jim we have done a lot of estimate

that said exports are amazing. they are the key to lowering emissions from -- by replacing foreign coal. it's the key to providing energy security to our allies, to the united states because exports mean surplus. we said how big could this be? we have done the work and believe we can -- we have the resources to increase natural gas production to allow us to quadruple our energy exports up to 60bcf a day of natural gas. that would represent a 50% increase in natural gas production in this country. to do that we only require four dollar natural gas which will be a discount to $4.50. we have a great resource. the question is can we get the pipelines needed to unleash the biggest green initiative on the planet? >> we got -- the pipeline. that makes me excited, right? >> i get excite for about two seconds and then i realize we

are in a world where did takes on act of congress to get a pipeline built. i'm very excited about the leadership we have seen in washington. i'm excited to see that the secretary has written a letter saying they support mount valley pipeline but the reality is this. getting pipelines built in this country has been almost impossible. we built fewer pipelines in the last year than we have in the previous 30 years. think about that. it's no question why we say we will be in a volatile pricing environment. we have very little flexibility in the eco system to deal with any adverse event. that means when the event hits and it's not if, it's when. we do not have the flexibility to deal with that event. that event could be a winter storm. we see ceo's from utilities writing letters to president biden that they do not think they can get through a winter if testify have an event. it could be a cyber incident. we saw what happened with

colonial pipeline. it could be another geo political event. russia isn't the only dictator we need to worry about. if we want to deal with this and bring real energy security the key is unleashing united states energy on the world stage. that is how we will bring the flexibility back to this country to enjoy our lives and move about addressing big problems in this country. >> you are preaching to the choir here. i like your company very much. they say it's really dirty. don't forget its net zero buyer before 2025. do people do homework? >> we have to change the conversation. we need to change the conversation to what are the emissions benefits. we are going to be net zero by 2025. why is this important?

just to give you perspective. eqt, our carbon foot print is around 450,000-tons. it's what it needs to take care of the wells, but that -- foot print will create an amount of product. the emissions reducing benefits is over 150 million-tons. 400,000-tons of cost to generate 150 million ton of benefits. that's where the conversation needs to be focused. we will be net zero by 2025. the conversation is forced on what are the emissions of using natural gas. >> you are share holder friendly. you aren't just spending like -- in the giant infrastructure. you can make a lot of money and participate in the revolution. >> absolutely. you know for us, we realize that our -- our purpose here in this is to get the energy out

of the ground as reliablely, safely, and cost effectively as possible. there is a lot of people that are making investments in energy facilities. we think we can help in letting people know that increasing energy exports will be the biggest environmental benefit we can offer to the world. it's the only which that united states can answer a big question, what can united states do to lower emissions outside of the borders. the answer is using our natural gas to replace the biggest source of emissions which is foreign coal the the environmental benefit doing this just for comparison. when we unleash united states energy if we can achieve these level itself will have the benefit like making every car electric in the country, putting sol ar on every house and doubling wind capacity combined. it's a massive opportunity. that's why you see esg investors being excited about it because it's good for the environment and for society in

the energy security that this will bring is unpear legalled. >> ly keep bringing your story to the public because you have a great one to tell and you have an great investment opportunity because your costs are so low verses where i think natural gnat is going. that's toby rice. they are the biggest. thank you. great to see you. >> yeah. >> mad money is back after the break.

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now the wall street is worried that the federal reserve may have to keep interest rates higher for longer. that includes stocks of high rate companies. it's now down 12.5% from its high three weeks ago. recession fears have faded. we know they would get a big boost from the fed. now the fed fears are back. while now course has a ton of great infrastructure if the strike is definitely -- hangs on it could be bad for the steel industry. also didn't help when they did their standard preannouncement that they have to guide more -- that could send the stock down 6% in a single day. the chairman, president ceo of new core. welcome back to mad money. >> thank you for having me. >> i got to tell you i have to ask you. how worried should i be?

we have a federal reserve talking about rates longer, higher, for what seems like a -- a very tough cycle. we have all this great money. you are running leaner that have. your clients for the most part are doing great. i don't know whether to be worried and look at these assessments or just stick with nucor because it deep keeps deliberating. >> we looked in to 2023. we expected the back half of the year to be softer than the first half. context is really important here. if we annualized our guidance it would be the third best year in the history of our company. the other thing to keep in mind. when i came on your show i talked about our new mission statement. to grow the core, expand beyond and live our culture. through that period of time we have generated $18 billion of net earnings. returned 8.7 billion black to our share holders, created a

tso of 190% and given back two billion dollars to the nucor team members and the family in the former profit sharing. i would tell you while there's some head winds i couldn't be more excited about our future. how we are positioned to capitalize on those things we touched on and the mega trends. >> i always told people it's not so much necessarily even the end market, you pick good end markets. it has to do byte structure. ru labeled to make a lot of money in situations where other steel companies are actually able to lose money. do you still feel we can bridge the gulf between the -- that it'll not be a situation where the analysts think -- your earnings will be cut by a full third. >> look. absolutely agree that -- the cash flow regenerating. the returns were generating aren credible. we have created higher highs and higher lows and so i think

that you have seen a structural shift and our industry and while we are seeing little moderation again from historic highs, there are so many tail winds in how we win and at the end of the day, over the last six decades we have won by boeing the low cost, value add producer and that will continue well this to the future. >> the auto strike is not mainly your steal. that's -- actually not great. it's not a great market. never been a great market other than in mexico it's not been a great market. are you concerned that if you go on for longer hurt other markets besides just thea auto you that are involved in? >> as you have had many of your guests on and certainly your viewers. the auto market in our nation is really important to the economy whether it's the supply into or the direct oem. we hope this strike resolves itself quickly and we get through that. to your point nucor is about 1.5 million-tons of the industry out of a 30 million-

ton supply we have. we are not overly weighted there and that will continue to grow. when you can supply our with the cleanest steel, the highest ability set, we are going to continue to generate and move more into that end market as we move forward in the years to come. >> okay. i am concerned there is going to be -- a whole new tariff situation. we talk about those with you guys forever. we know that if we do not prevent cheap steal, normally from china coming in that we are not going to have a defense that's even able to defend whether it be ukraine or whether it be -- taiwan. how do we feel about the 25% tariff trying to make -- so that our allies aren't hurt and still keep back the chinese steel which has been very difficult to do. >> yeah. look. that is a -- a condition we are going to continue to work for

again. it started long before -- and john before i. we have to continue to advocate. the over supply is significant. five, six years ago we had about 50 cases of carbon steel one. today that's over 150. we have to continue to advocate. the secretary who you know well understands our industry. our ustr and cathryn really understands their leadership anding in this industry and not protecting free trade but fair trade. it's not just cheap steel but dumped steel that hurts the industry and that nation. >> you're right. substandard and nothing that we necessarily want in anything having to do with our military and our great defense. now, i do want to know about the couple latest acquisitions. how they work out and garage.

>> we couldn't be more excited to welcome those team members in to the nucor family. it falls in that camp of expanding beyond to look for those companies that help us rebuild, reshore and repower the future of america. that's going to continue in the future but those acquisitions have worked out well. they are dedicated team members and they are generating well beyond the projects that we brought them before our board and continue to return really attractive results. >> that's great. i know i was worried there wouldn't be enough warehouses but you were correct. e-commerce is -- it's never going to return to the way it was. one last question i want to know. it's not the question that i know wall street cares about. do we have enough steel being built by nucor and some of your competition to be able to handle what's needed for all of the infrastructure orders that are coming? >> absolutely. we are well poised as an

industry to serve the growing demand in chips ira and infrastructure. i would tell you there's a lot of nucor is on the end of a 14 billion-dollar campaign that will end in the middle starting in west virginia that will well position us to seven those needs. you know as you talk about the fears i was on the shore a year ago. the analyst at the -- we are proceed districting a cliff in 2023. i think there are a lot of tail winds that will continue to well position us. you called it then and again i think there's -- there's enough strength in this market as we head into 24 that the best days in front of nucor. >> just so people know. the -- for $6 for this year. they do that in a quarter and they were looking for $6. nucor. what a remarkable company. thank you for coming on the show. >> thank you. >> back after the break.

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(sean) i wish for the amazing new iphone 15 pro! ask abo(jason)ing this season'sean!id-19 shot do you mean this one - the one with titanium? switch to verizon, you can trade in any iphone, and get the new iphone 15 pro on them. (vo) trade in any iphone in any condition for a new iphone 15 pro on us. only on verizon. there's something really exciting that i want to share with you today. the reason it's so special is because it's just for you our mad money viewers. you hear me talk about the work i do for the investing club. ly share a little treat of the work i do with jeff marks during the day. let me give you an example.

earlier we spoke about club holding starbucks. as fears mount regarding their future in china we got a positive announcement in a new coffee center that was overlooked. it is first of it's kind for the company that will integrate the company in china. producing everything from bean to cup. i think the concerns about china and starbucks are over blown. you didn't get it anywhere else. ly cover this in more detail after the lightning round. i think the stuff we are doing is so important that you got -- you make into a much better investor. i think you should just join the club and quiet more insight just like that. that's why we have an offer available to mad money viewers. grab your phone and point it at the dr code or go to cnbc.com/jim offer. sign up now and get a lot more insights like this. it's the real deal and now, it

is time -- it is time for the lightning round. that's what. -- play this out. and then the lightning round is over. are you ready? top of the light unround. frank in new york. frank. >> jim, frank. >> how are you? >> the one thing you have lots of is -- integrity. >> thank you. >> we all appreciate it. you mentioned the stock confluence. it was in the high 30, 37, 38, whatever. today it's all below 30. is this something that i should hold or sell or buy more of? >> it's such a good company.

adam in illinois. >> hey jim. the greative club member. what do you think? >> i have to hand it to them. a lot of people wrote them off. i'm not against it. i'm not against it at all. let's go to stacy in georgia. stacy. >> doctor cramer. i'm ailing. help me. >> what's the matter? >> well. given the recent earnings in today's investigation news what are your short and long term thoughts on iot? >> i had them -- this is -- this is a one -- this is one that moffet writes about. and i think it's -- it's --

again, and a price software and those stocks have fallen out of favor after being in favor after four weeks. it's a little expensive but it's very good enterprise software. he does good work. he does quality work. let's go to jeremy in arizona. >> hey, jim. love your show. first time caller here. >> great. >> i know you got asked this last week but at 22 dollars a share but it's now $17 a area. >> i cannot believe this thing. it's like people decide, we don't want -- any pets. i would just look at -- a third dog maybe. people buying all that stuff on amazon and that's the problem. that is the end of the lightning round. >> coming up will china get rid of starbucks? coffee wars and more, next.

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>> i'm not sure when the bad news will stop long. investors are getting wise to the process and that's when the bottom begins to get put in. not long ago we heard that china is putting the clamps on apple. the first day we heard it was only for the communist party. the next day they acted like it applied to the rank and file. the story seemed perfectly timed to sabotage the launch of the i-phone 15 and the bears assured us this new phone didn't have much going in its favor. it was i 1, 2, punch against apple stock. of course it got knocked flat on the canvas. i mean who would risk investing

in apple if the chinese government is cracking down on their product now the i-phone 15 is out and it looks like the strongest launch in ages. the communist party may prefer that people buy domestic but the people are buying the i- phone. someone has to remind them that people other intoed will never be defeated. will are other stores making big inroads in chain a implication being that starbucks will loose on the coffee wars but they just opened a first of it's kind tech center. the largest facility outside of north america and it was greeted great fanfare by the chinese government itself. it's the first time since they opened in 1999 that the company was vertically integrated in china. does integration mean nothing to them? there was hardly any attention about this sign of support with the chinese government but

plenty of stories about how starbucks is being over run by crummy companies. i wouldn't mention this but i saw the need for more balance. how about this one? the hit job against broadcom. to spare them the charge that maybe they played in to the hands of short sellers and didn't know. the story that they are on the edge of losing a big piece of google business was designed by both companies. something i broke by saying talk on the street is that the story was trust. you talking about favor in broad com but wait a second. google parent alphabet. maybe i'm favoring both? give me a break. fortunate -- they got it wrong. the publication attacks. come on. as i used to stay sticks and stones may break my bones.

>> see you next time. last call starts now.