the long-standing fans of cnbc's "fast money." >> yes. >> by the way, mar tee in a's parents they are so proud of their daughter and they should be proud. southwest air, mel, i think it goes higher. >> thank you for watching "fast money." see you ck hbaere tomorrow night at my mission is simple, to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. mad money starts now. hey, i'm cramer. welcome to mad money. welcome to "cramerica.". my friends, i'm just trying to make a little money. my job not just to entertain but to put days like today into context because they are nutty. call me 1-800-743-cnbc, tweet me @jimcramer. the bond market is screwing things up. bonds are wrecking the

narrative and the fed cuts rates and they are going right back to tech. that's the opposite of what you want to see. even though the dow dipped, of course, the nasdaq had a record close. the market is getting narrow again. that means it is not healthy because the winners are more narrow and concentrated, mainly in tech and not much else. if the bond market doesn't start behaving and calming down and long-term interest rates don't stop going up we will lose the groups that hold us for months and go back to the battled ways with just a couple of math -- magnificent ones. when we had went to the fed was going to bless us with that 50 basis point double rate cut they went nuts. we were going to have a rapid series of rate cut but they were pushing down yields.

that has been the pattern historically. history is mostly repeating itself but then that darn double cut we saw something that has not happened since 1995. we saw loan rates go higher, not lower. it was a total buzz kill and we are beginning to feel it with earnings. dr horton makes affordable homes and they absolutely imploded. the mortgage rates are higher than we expected. we had the same kind of action that we expected. anything remotely related to these companies saw their stocks get obliterated today. that is only 10% of the economy but housing punches above its weight. it has tentacles in baking. it has fingerprints in retail because you go to the store to rehabilitate and renovate. you might be inclined to deck

out a home office if you move. there's so much to housing. we don't know when these loan rates will stop climbing. i think the rates are still low but the velocity is crazy. we have two presidential candidates that want to spend more than we take in one of them talking about not bringing in much unless it is from tariffs which would be terrible for trade. we have bond options. i used to be an auctioneer. what happens to the rest of the stock market when the bones keep getting crushed? first we go back to the companies that have very little exposure, namely tech. we got some incredible numbers from cadence design systems. it goes arm in arm with nvidia. it sent him flying. can it stay up.? it is hard because not every tech company will be as roadie -- rosie as cadence. for

instance, amd. they had some partial demand for a.i. chips, however they also gave some not so high guidance for the current quarter because they are worried about supply constraints. the demand is off the charts but they may not be able to make enough because there's only so much high-end semi conductor capacity. to me that seems like a good problem but it's a problem nonetheless. that makes it imperative you watch squawk on the street tomorrow morning. alphabet reported on a fantastic quarter. the cfo used to be at lily. they report tomorrow. i was worried because there's so many moving parts and the stock gets hit so often when results are good. this time they handily beat the estimates. big numbers from google cloud, business and

strong ad sales for search and youtube. it was an excellent quarter that allowed the stock to roar up in trading? if you stick with us later in the show we will speak with the star, steve huffman. he is the ceo of reddit. a monster earnings report for this one time profitless internet hub. what is really a shame is this session should have been terrific. goldman sachs priced 112.5 million shares of boeing at $143. that is raised $16.1 billion. the largest deal since the federal government dumped aig steak. they had a total enough to tie up the company losing $1 million a month.

a monumental achievement reminiscent of covid when they sold $25 million in bonds in 2020. that's when we realized the pandemic was not going to ruin the economy. there is no longer a chance it will become a ward of the state. even if the machinist union continues to play now that boeing has enough money they can get some leverage so there will be a deal soon. they can go back to making planes. the deal is diluted, i get that. but it has been removed from the bear equation. it may go much higher if the ceo can execute. love miracles of capitalism, and this is one of them. this stupid bond market, if it does not stop the retreat we will see if the fed can cut rates and usher in the great economy for 2025. if the interest rate does not stop the quick rise they can go

up slowly but the quick thing is we will go right back to the same old same old. only a few big tech stocks were winning and many more were losing. in other words, we are on the verge of the bond market does not come down to what i can describe as an extremely suboptimal situation. let's go to tom in florida. >> jim, thank you for having me on. >> no problem. what's up? >> i've been an investing club member for a couple of years now. i just renewed for another two years. >> with the stanley black and decker i said maybe everybody will cancel. for 42 years i've been saying that but when will i learn they don't cancel. what's shaken? >> i still want to make money. i'm trying to figure out my risk tolerance. could you please help me one -- understand what is happening in the chinese market? >> it is a giant fraud and

ridiculous situation. they decided to buy stocks and keep them up. how about lesser demand. that is what they are doing. i get tired of it. every morning it is up because they announced some stimulus. they ought to just announce a new economy. it started with a new ceo. if the rates don't behave we will lose the groups that make us a broad rally. we are cruising for a suboptimal situation. what is ahead for pfizer amidst a shakeup? you won't want to miss this interview. then, is a shaky foundation in the housing sector? and read it -- reddit had a great high today.

the top brass will join me. my cappuccino today was decaf. stay with cramer. don't miss a second of mad money. follow @jimcramer on x. have a question? tweet cramer. send jim an email to madmoney@cnbc.com or give us a call at 1-800-743-cnbc . miss something? head to madmoney.cnbc.com.

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after $1 billion take in pfizer pushing for a turnaround i'm actually a fan. with their expensive

acquisition last year it won't be expensive if things take off. today pfizer reported a large top and bottom line. it is driven by something. they did it. whether it is covid treatment, i don't care. they made the money. wall street is much more concerned about the non-covid. that's why they got dinged. is that enough to push back against the activists? let's talk to dr. albert bourla. the ceo. welcome to mad money. >> hello. good to see you. >> you beat the numbers. some people are critical saying that you made it all with paxlovid. what do you say about the idea of what the mosaic is that gave you the beat or not? >> i would like to say there is no truth what they are saying. paxlovid is one of the drivers but it was a beat across the board.

we beat the covered business and the non-covid business. we had growth of 14% we also had probably -- product launches. we beat the rsv vaccine. we beat newer tech which i know is very high in your heart. we beat the two inhibitors and we beat in oncology the new introduction to multiple myeloma. i think it was big across the board and people should focus on that. >> i think what happened is it might be across purposes. you see things that you like. i see things that i like. if this is the beginning there is so much more. maybe you should tell people, give us a little bit of a

snapshot of what could be coming down the pipe because seagen is still early in the transition. >> those products are doing better collectively then what they will do -- a lot of that comes through the pipeline. the three abcs that we are putting on phase 3 that can become mega robust. one is a bdl 1. this is the same concept with immunotherapy. the other one is adc against lung cancer. they can be mega robust. we are also ringing another one in phase 3 which is about cancer which can follow the

steps. i think it is if i could speak about phase 2 in phase 1, we need the whole broadcast. >> we've got things to talk about. with the glp-1 oral, you seem to think there's something really good we can find with pfizer. >>

next year we will start to see the results. >> let's talk about this notion of performance and people not being happy. he did say at the goldman conference in 2019 they said for every ceo it is measured through total shareholder return. it has been a tough run. you've made a huge amount of money with covid, but pfizer stock is down 12% and s&p up 50%. it is the reality but it is that some of these care about. >> we met with the starpointe team. that was there. he seemed to me very smart and pragmatic and he told me to see the stock price

going up. there is nothing holding them up. so that is very good. why is that? it was significant last year. before that we were very good. we had a significant drop. this thing is we need to do things to recover. we have changed a lot of things in pfizer so that we can recover. one of the things is the commercial model which is doing extremely well right now. then, the integration which has done extremely well. we have cost cuts that we are executing very well and additional margin improvements which is going back next year. we have new board members the fantastic ceo of vanguard and state street with very good understanding of what creates shareholder value and corporate

government. we are about to make the most important decisions by appointing a new head of research. i think we are doing a lot of changes. if star board or anyone else for that matter have good ideas i would certainly discuss them. >> one of the ideas they had was to work with ian read and somebody i had known for three decades, frank demille you. it looked like they were going with jeff smith and starboard but something happened and they stopped going with jeff. there's an inclination that something occurred and they were told you can't do that or there was money that would be taken away if they did that. there was something contractual. what did happen, i know you can say you have to speak to frank. i can't do that. they won't come on the show, but it seems like something happened to make it, we are not

with jeff anymore. you and i have been around and we like it and we respect he and and we like and respect frank and i don't know what happened here. >> first of all, he was my boss for many years and frank was my cfo for many years. i like and appreciate both and i have very close contacts with both of them. i have no idea of what happened. i was surprised when i first received the call from ian, but i did not speak to him or frank after that one call. i do not know with whom they speak. i can assume they did not speak with any representative of pfizer. >> to your knowledge, nobody's said to them you are going to lose this, you have to look out. no agent of yours, no lawyer, nobody on the board threatened them? they just change their mind?

>> nobody from the board, nobody from the management team nobody represented by pfizer did that. >> are you working with frank now? i know you have reached out to everyone. i don't know ian as well as i know frank but these are great men and i want them in my tent. are they in your tent helping to figure out next steps? >> ian and frank have very good access to me. i have not spoken to them since then but i will entertain all of the ideas because they know pfizer and the market and they have very good ideas. i wish them well because they are very close to my heart since the days we were working together. >> fair enough. i don't know what else to say about that. you mentioned no attack --

nurtec and that is going great pic i took some this morning because i have migraines. it's too early to tell if the seagen is good. >> you are right. i am not happy. i did not agree necessarily with their assessment of the seagen or biotech acquisitions that were not good ones and i think you agree with me. i think they were transformational. of course, let's not forget the biotech deal was transformational for pfizer. i think we will have some wins and some losses. collectively i think it is a very big win. we see if significant return and if we had not done them we would not be able to address between 25 and 30. now we are in a very good position. >> you know what i have been

saying. you get a safe dividend and i believe it will pay off. nobody has been willing to take on these cancers because they keep failing except for you. i want to wish you the best of luck. i think you have clear the air on a lot of things. if you like pfizer you should on pfizer and if you don't you don't have to. albert bourla, thank you for coming on the show. >> thank ou for having me. >> mad money will be back after the break.

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i think that is one of the really special things reddit reveals. >> when i look at the breakdown of where you are getting your users, i think they can be free to be people and tell the truth and get excited all over the map. it looks like it could be gigantic for you. >> today we are about 50% of our users are in the united states and 50% are outside of the u.s. our peers in the state are 85 to 95% outside of the u.s. over the next decade we expect the majority of growth both on the user side and revenue to happen outside of the united states. i think the opportunity is right there in front of us. i think there's few companies

with as much potential as we have which is why we are very excited about the future. community is universal and everybody in the world has interest and passions. >> in terms of incredibly growing fast, data licensing, i know a lot of people feel you have these big hyper scalars that are basically scrubbing the data. in the end they will have to come around and pay the piper because you have the best stuff for them to trade on. >> at the end of the day what internet consumers want whether it is on our platform, search platforms were big a.i. models, they want the conversations and content. so our data has been used to train basically every major a.i. model. we do free deals for researchers and nonprofits with these companies for training.

to tell you how much internet consumers want read it, in the united states in 2024 it is the sixth most searched word on google. the word reddit specifically shows up between news and maps. it is what consumers want. it is what we want to make available to everybody. >> go ahead. finish your thought. >> as long as it is in harmony public content. we are open for business. >> when i was starting out in 1995 i would meet with these advertisers. there was no other internet company in finance. when i look at these days in what turned out to be a mature market, you have become the internet. you've become the must buy for consumer packaged goods companies. if they are not in reddit they are not reaching the people they need to. do you think you are a must

buy? >> i think we are getting there. we have unduplicated reach. for many companies the user base which averages 97 million users a day in the last quarter, they are only on reddit. in many cases they are talking about your product or your space. i think that opportunity for advertisers to make an actual connection with their customer on a human level is a unique opportunity that reddit provides. >> let's leave it there. i hope you will come back. i'm really proud of you. my kids are on a constantly. every objection i made to you you rebutted but the biggest one, you put me in my place with this level of profit. i am staggered about how much money you are making. steve huffman, thank you for coming on.

>> thank you for the advice. it has really been a pleasure and we appreciate your support. >> if i could play any role in the success i just saw today maybe i did good. great to see you. coming up, cramer takes your calls and the skies the limit. a fast fire lightning round, next. it all started with a small business idea. it's a pillow with a speaker in it! that's right craig. pulling in the perfect team to get the job done. i'm just here for the internets. at&t, it's super-fast! you locked us out?! and when thrown a curveball... arrggghh! ahhhh! [crashing sounds] we had everything we needed. is the internet out? don't worry, we have at&t internet back-up. the next level network for small business. ♪♪ i sold a pillow! your shipping manager left to "find themself." leaving you lost. you need to hire.

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♪ [music] i could unlock my front door ♪ ♪ while i dine in baltimore ♪

♪ no lock box to explain ♪ ♪ ♪ at 9:00 the doors would lock up ♪ ♪ save me from forgetful slip-ups ♪ ♪ if my home just had a brain ♪ ♪ ♪ i could make a custom pin ♪ ♪ watch the dog walker get in ♪ ♪ so ziggy won't complain ♪ ♪ ♪ when my in-law comes a-knockin' ♪ ♪ i can open, maybe lock it ♪ ♪ if my home just had a brain ♪ lightning round is sponsored by charles schwab, trade brilliantly. it is time for the lightning round. i say buy, buy, buy, sell, sell, sell you hear that sound and the lightning round is

over. let's go to tom. >> this is tom in ohio. >> aion is rooftop stuff. can we go down a little bit deeper. andy and kansas? >> jim, my stock is isrg. >> you should be buying isrg. every time they sell it by it up. >> jim, i'm calling about a real estate company with a nice profit yielding 4%. it reports on halloween this week, but the analyst community has gotten spooked by the company. i don't know what to do with my holding in kim jong un. >> they are a great operator. i like that halloween description of the earnings. let's go to mandy in maryland.

>> mr. cramer thank you for taking my call. >> i'm having a superduper day. >> that is wonderful. thank you so much for all you do and to your staff i appreciate taking my call. the one that i have in mind is ntnx >> that one is hard to understand. it is enterprise software. i have studied them and i always put it down. how about betsy in california? >> this is going to be easy. crowdstrike. >> the ceo, not only is he a great ceo, i like him. how about stan in new york. >> i am calling about rocket

labs. i ordered earlier this year and doubled my money. >> that is a high speculative stock. i would sell half of it and let the other half go to mars or even further. i saw venus the other night. i'm not kidding. and that, ladies and gentlemen, is the conclusion of the lightning round. the lightning round is sponsored by charles schwab. coming up, keeping odd hours? what a 22 hour trading day could mean for the markets, next.

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to

there's a reason why markets have a defined opening and closing. there's a reason why we have these bells. when you trade stocks you want is healthy deep market with lots of participants so nobody gets ripped off. both the buyer and seller get a fair price. robin hood changed everything in may 2023 when it went 24 hours a day. they made it easy to trade outside of normal hours. nobody asked if it was good for investors. the new york stock exchange announced 22 hour training to compete with robin hood. i'm not necessarily against trading at odd hours. this

morning royal caribbean reported fantastic members. i was blown away that the company is still putting up terrific results with so many travel needs when places are getting hammered. they gave conservative guidance and the stock would slaughter

>> welcome to the shark tank, i like to say there's always a bull market somewhere and i promise to find it for you. i'm jim cramer. see you tomorrow. they'll invest their own money or fight each other for a deal. this is "shark tank." ♪♪ my name is gauri nanda and i'm from new york city. my parents came from india and immigrated to the united states with just $10 in their pockets. they tried their hands at several businesses, eventually taking over a failing newspaper, and they built it up to success and ended up selling it for a profit in 2007. i went to mit for grad school, and it was there that i created a product for a class project,