what we're trying to find out, and what we will find out is, are people being paid from all of these, you know, somebody pocketing 10,000 here, 10,000 there, what's going on? so we'll find that out pretty easily because we have a lot of computer geniuses. i said to elon, who are these people that are doing this? the doge people? i said, who are they? where do they come from? he said, well, number one, they love our country. number two, they're really genius at computers. so nobody's going to fool them. when they go in, they see some bureaucrat that's scamming the country and they try and talk about, you know, certain computer language. these people say, no, it doesn't work that way. these are people that are have a natural ability as, as, you know, brilliant computer people. it was very interesting when he told me that i said, that's what you need today. but all of these scams have now been terminated. in addition, over

the past month, we have effectively eliminated the u.s. agency for international development, which was funding much of this lunacy. we virtually shut down the out of control cfpb, escorting radical left bureaucrats out of the building and locking the doors behind them. what they were doing was so terrible. where they were spending the money was so terrible. what we haven't looked at yet, but will be is does the money come back to them? because nobody can be stupid like that. and they're not stupid. they're smart actually. and you know, why are they doing that? does money come back to them? so we'll figure that out pretty easily, i think, and quickly. but i've ended all of the so-called diversity, equity and inclusion programs across the entire federal government and private sector and notified every single government dei officer that their jobs have been deleted. they're all deleted. and it's interesting, even these countries, these companies that have tremendous amounts of

money, a number of them just announced walmart, if you can believe it. they just announced that they're stopping. and, you know, these companies are writing off like $220 million. how can you spend that much money no matter what you're doing? if you're teaching something, you're going to have an instructor, you're going to talk, you're going to give them a book. please read the book, you know, and then you find they spent $225 million on that. what's going on? and we were going in the wrong way. and our military was really although i tell you, you know, we defeated isis with our military and three weeks general raisin cane was he's some general. he's a real general, not a television general. and three weeks isis. and i asked him and i saw some of his people that were so great, the soldiers. we have the greatest military in the world, but we don't have the greatest top, top leadership. that's why afghanistan was such a horrible situation and so embarrassing

and so many other things. but when we want to with proper leadership, there's nobody even close to us. we have the best equipment in the world, we make the best equipment in the world, but we have the best military. but, you know, we never fight to win. we fight to just keep it going forever. and when we fight to win, there's nobody that can even come close to us. but i was talking to general dan cain, who called raising cain, and i was told it would take about four years to defeat isis, and he did it in three weeks. i said to him, what do you think, general? how long will it take, sir? i think we should do it in less than four weeks. you're going to have time left over. and he did. he did that. and we were told by the television generals it would take four years. so we did it. that's when i went to iraq. i flew to iraq, and late at night, the dark of night, all the windows closed, all the lights off, and the plane and air force one, and we flew in and it was

pretty amazing, i'll tell you. we were landing and there were no lights. no lights in the plane, sir, we have to turn off all lights, i said, you mean we spend $9 trillion and we have to fly in and air force one with the lights off. and i went up to the pilot, said, hello. and by the way, these guys are like central casting. these are the best looking human beings. everybody is like perfect, the most handsome people, the best looking people you've ever seen with the flat tops and the whole thing. and i was a little concerned because the lights are off and everything's off, and even the lights and where he was were down very dim, very, very dim, with all of the lights on, the fancy dashboards of the plane of air force one. we're getting a new air force one. if they can ever finish the damn thing, we're getting two of them, actually. but we may have to go a different route because it's taking them a long time. we're going to get military that's going to start building. we're going to get people to start building properly again in our country because they don't build properly. this is boeing,

but we're up there and i'm looking at these people. and again i say they look like tom cruise but better stronger tougher. and i like tom cruise. but these are better. and i said i said are we okay captain? yes sir. we're fine. but i'm looking at i don't see any lights and we're landing and i'm, you know, i'm used to that. i like to sit with the pilots a lot, and i respect the pilots greatly. and we're up there and, you know, we have the computer. i call it the computer voice. where it goes 1900, 800ft, your feet above ground. so that means you're very low. and i'm looking out and my eyes are pretty good, and i don't see any lights. and the computer goes out. sounds like a an intelligent individual. it goes 1000 1000ft up. that's very it's a ten story building. there's a big, big plane. and then it goes 900, 800, 700. i

said, captain. captain, we don't see any lights. is it is everything? yes, sir. everything's fine sir, we'll be landing in three minutes and then it goes like 600, 500. captain. we okay? and then he goes 400, 300, 200. and i'm saying, man, there's nothing out there. and then he goes, boom! perfect landing right on this thing. there are no lights on the runway. there's no i don't know how the hell they do it, but i'm sure as hell glad we had somebody that knows how to fly. but they didn't want to have any lights because they didn't want the enemy. after spending, you know, years and trillions of dollars, we have to land with air force one with no lights on the runway. but they were

incredible people. and then i got out of the plane and actually asked my people, you know, i said, excuse me. i was very brave sitting in that cockpit. am i allowed to give myself the congressional medal of honor? and they said, i don't think so, sir. i said, well, i felt i was extremely brave, but now here's the problem with saying a story like that. when you kid, the press will say, president donald trump wanted to give himself the congressional medal of honor headlines, you know, headlines all over the fake news. we call it the fake news, but we're all wise to him. but it was something. and then i went down and it was the same thing. i'm standing on the top and i look down and there's these handsome people. everybody's like from a movie set. good looking guys. i get down the stairs. and what's your name? my name is kane, sir. what's your first name? they call me raisin. i say, wait a minute. your name is raisin kane, i love you, i've been looking for you for five years. you are the great. this is what

i want. and there was a general next to him. there was a colonel. there was a drill sergeant, a master sergeant. they were all like people. i could make a movie right now. i'd have the best looking people ever. and they were great. and then i went in. and, sir, would you like to rest before the met? no, i don't want to rest. i don't want to rest. i've been resting on the plane. other than the last few moments, which were quite harrowing, and i said, i don't want to rest. he was thinking about biden in advance. you know, biden would have gone there. he would have rested for days. and then they wouldn't have had a meeting. he'd just go home. no, i said, i don't want to rest. i don't want to rest at all. i want to go. so we went into this like bunker, and we had a lot of very good, talented people. and that's when i asked him. i said, you know, i'm hearing it's going to take a long time. no, that's not right, sir. it's not going to take a long time. we'll have it done in four weeks. i said, how can you say four weeks? when in washington. they said four years. they said four weeks, sir. we'll hit them left. we'll hit them right. we'll hit them

up the center. we'll hit them underground and overground will knock the hell out of them, sir. and i said, why is it that they said so long? he said, because they wouldn't let us fight and we're very far away. they want us to fight for this from this airport. we're very, very far away, sir. and they want us to fight here. we have many substations out sub airports. they call them remote airports, where they build them in the sand. and we have many of them. and i'd use them all, sir. and i would hit him so hard from so many different directions. i said, well, what do you think? he said, you just let me know. and i called him back and i said, go ahead and do it. are you sure you can do this, general? i said, yes, sir. and he did it. actually, in three weeks it was over 100% of people that are really hurting the middle east are hurting the world. and it was done. and we have i'm telling you, we have the greatest military in the world. but you have to use the right people. but there's nothing like what they were able

to do. and in that case, and in other cases, wherever i gave them something, it was done incredibly well and very and, you know, many of the instances because it's been well reported, but we've also required and so we have a country that's a great country, it's a strong country, but it's a country that's just now gaining its respect back to the levels that it should should have never lost. we were being laughed at by the entire world. but we're not being laughed at anymore. but we've also required that all federal employees must once again show up to work. this is a new phenomenon, you know, since covid. show up to work in person like the rest of us. so, i mean, it doesn't work when you don't show up. and i see companies now are all going back to it. they're all going back. it's great. i watch some of the big business leaders saying, we absolutely are going back. you can't work at home. they're not working. they're playing tennis, they're playing golf, or they have other jobs, but they're not

working or they're certainly not working hard. you could never build a company or a country with that. so we have a very strong policy. and if they don't show up to work, they they get fired. and we're trying to make our government smaller but much stronger. and we have tremendous bureaucracy. but it's happening. a lot of people are leaving and in some cases leaving with pretty good offers. you know, you paid 7 or 8 months and go out, find a job. but some of these people had jobs. they were actually working for us, but they also had other jobs. and those people, in theory, they have problems. i don't know if we're going to do anything about that. so we have other things to do, but they were working other jobs instead of working for us. so they were staying home working, but they were working other jobs, getting paid a lot of money. perhaps. we offer deferred resignation buyouts to all federal workers, resulting in more than 75,000 bureaucrats voluntarily surrendering their taxpayer funded jobs. a lot of them are leaving because they

don't want to be caught having the second job. some are leaving because they didn't want to be in government any longer. and some are leaving because they didn't want to show up to work. they wanted to work outside of an office. and that's never going to work for anybody, including companies. companies ought to get smart. you watch these companies. when they do that, they start going bad. nobody knows what's wrong with this company. we'll try getting the people back into the office, where they can be cohesive and together. in less than a single month, the department of government efficiency has already saved over 55. this is just a short period of time, $55 billion, and we're just getting started. that's nothing compared to the numbers that you're talking about, right? we're ending trillions of dollars in waste and it will mean much lower inflation, lower interest rates, lower payments on mortgages, credit cards, car loans and much higher stock markets. i think the stock market's going to be great. in other words, we will rapidly

grow our economy by dramatically shrinking the federal government that we have to do it. i'm also taking fast action to end the radical left's nation wrecking crusade against oil and natural gas. over the past four years, the biden administration cut the number of new oil leases and gas leases by 95%. they slowed new pipeline. i mean, look at the anyone dakota access they wanted. that one knocked out the keystone pipeline. they wanted that one knocked out. they ended the keystone. we got the dakota access done. but it wasn't easy. after they tried to stop it, they slowed new oil and gas pipeline construction to virtually a halt. they shut down 38% of active oil and gas rigs in the united states. but they loved the wind turbines that go round and round and round. and the wind doesn't blow. they got problems. they kill all the birds. they ruin the sight lines. they ruin the planes and the beautiful areas of our country, including the oceans,

the lakes. they closed more than 50 power plants, all causing energy prices to skyrocket. you saw that happen. that's what caused inflation pretty easy. these policies were so destructive that despite draining nearly 40% of u.s. strategic petroleum reserve meant for emergencies, it was meant for emergencies. it wasn't meant for getting a price of gasoline down so that you can win an election. it didn't work for winning the election, actually. there's so many people that are driving that it's a very small number, just that a very small effect. but in the meantime, it takes it down. it's that now it's at the we'll fill it up fast, but it's at the lowest level. when we made the transition, it was at the lowest level in history ever recorded. the lowest level. nobody's ever seen it that way. they they put it all out because they thought they could keep gasoline prices down a little bit, just go past the election. and after that they didn't care. and it didn't

work because they didn't get elected. i got elected, but the price of gasoline still rose over 35%, and in some cases, at some periods, it was 100% and 125%. during certain periods of time. under the trump administration, we have implemented a very different plan. you probably heard of it. it's called drill, baby, drill. and we're doing a the world runs on low cost energy, and energy producing nations like us have nothing to apologize for. we have more energy than any other nation in the world, and we're going to use it, and we're going to use it on i plants. i was telling some of the people that came in that, you know, they're very into everybody's talking about. i hope you're right. you know, i don't know who knows. but are they right? are they writing going all are they are all in for i. but the problem is to do it just in our country you need twice the electricity just

to open up and be the top of ai. you need twice the electricity that we have right now in the entire country. if you take all of the electricity you need more than twice, you need twice, you need double what we have right now just to fuel this new industry that's growing. i was amazed when i heard that number and they all said, how can we do this? because, you know, in china and various other places, you can probably get it with the shake of a hand. but in our country you can't. but now you can because we've declared, i'm declaring a national emergency in order to get fast approvals. and we're going to have if you build a plant, you're able to build an electric generating facility right next to your plant, so you'll be making your own. you won't have to count on utilities. you won't have to count on an old grid that could fail, could get hit by something, bad things or good things. but you're not going to have to. you're not going to have to worry about grids. you're not going to have to build your plant and you build your your essentially, you

become a utility in a way. you build your own electricity. if you want to build extra and put it out and get paid for that, you're going to be able to do that. you can put it back into the grid, but you're going to be able to build with your plant a generating facility, and we're going to get your lee zeldin, head of the environment and environmental, the environmental group, various groups. and we've got them unified now. but we're going to get you very fast approvals and they'll be approved so fast your head will spin. and we're going to get that whole industry started. and we're going to be the head of it. we're leading right now. we have the greatest brainpower we're leading right now, and i expect that we're going to be leading by a lot, but we're going to get you the energy very, very quickly. that would be the one thing that everybody was concerned. how do we have that much electricity when los angeles has blackouts and brownouts? right now there's a lack of electricity, but we're going to get it at levels never seen before. i ended the ridiculous green new scam, halting tens of billions of

dollars of wasteful deficit spending, and i withdrew the united states from the unfair, one sided paris climate accord. and i ended joe biden's insane electric vehicle mandate because it was just insane. and i repeal the last. and by the way, you want to buy an electric car. it's great if you want to buy a gasoline driven car or a hybrid, it's great. whatever the whatever the thing happens to be. i heard hydrogen is hot. the problem is, when it's not, you're in deep trouble. because when that sucker blows up, they don't find the body. so that's one that i said, you know what? let's take a pass on that one. they said it's good, but when it's bad, it's really bad. you find the bodies on trees on the side of a tree. i said, i think we'll pass on that one. right. we're not going to want that one. but you never know. maybe some day it'll be good, but it doesn't sound like it's off to a good start. i repealed the last administration's very destructive natural gas export ban, and last week, we approved

our first new liquefied natural gas export licen. and we have literally hundreds of people that want to export. i recently met with the japanese prime minister, shiba, to discuss large increases in american oil and gas exports. they want it so badly, they said, we went to the biden administration. they wouldn't sell it. they wouldn't sell it. nobody knows why. biden didn't know why either. they asked him, i don't know. he went to they did. oh, i didn't know that. but we're going to sell it. and the new project in alaska is going to feed all of asia. we're going to take care of all of asia. we have so much oil and gas, like very few people, like very few countries have like really actually no country has. i also met with prime minister modi of india, who wants to greatly expand india's purchase of american energy. and my administration has also launched the most aggressive deregulation program of any nation in history under

my executive order. for every one new regulation added, ten old regulations have to be eliminated. and, you know, in our first term, which was actually an incredible success, we had the greatest economy in history until covid. and even after that we did great. the stock market was higher. if you think of it, it was higher after the fact. after we went through that whole thing, it was higher than it was just prior to covid coming in, which is a pretty amazing thing. but we did a great job on that. but it was a terrible thing for the world. the whole world suffered. it suffered terribly, including china, including other countries. it just was a terrible period of time. but despite that, we did well. but we had the greatest economy in the history of our country. and i think this time we're going to do even better. we had we were artificially hurt by covid. we had to focus on that instead of focusing on. but just prior to covid coming in, there's never

been anything like what we did, what we achieved, and even after we did very well, and especially considering what all of us had to do with covid, some nations were hit so badly, it was just unbelievable what happened to him. it was part of our effort. i signed executive orders to keep the united states at the forefront of artificial intelligence, and to end joe biden's war on bitcoin and crypto. we ended that war totally. that war is over. they were very hostile toward them until the very end. just because there's so many people on bitcoin and crypto that just before the end, the sec came out and they were being very nice. i was so nice to people because so many people were being indicted for no reason whatsoever. very political group of people. that's all they did was they liked indicting people, but they were being indicted. and many of those indictments were dropped just before the election because they said, wait a minute, there's 100,000,125 million people using this, and they

didn't want to have, you know, all these people being voted against. but by the time they did that, it was too late. we had that vote entirely, i think. i think anybody would smart that believed in that. and there were a lot of people believing it. anybody that was smart voted for trump, and they pulled the indictments. and i see people that were indicted. i said, i saved your life. i saved you a life. because if they thought that they actually thought that i was doing, they said, why is trump doing it? is he doing it for political reasons? i don't do anything for political reasons. i do what's right, i do. i want to be in the forefront of every industry. so i'll be working with the republican congress to pass the largest tax cuts in american history. and that includes, obviously. yeah, that includes we have to extend the trump tax cuts, which were until now the largest. we're going to dramatically cut taxes for families and for workers and for companies, including no tax on tips and hopefully no tax on

social security and no tax on overtime. and that overtime one is a sleeper, because i think a lot of people are going to be spurred on to do a lot of extra work when they hear that it's a lot of companies really like it, and a lot of people really like it. the new trump tax cuts will also include 100% expensing for new factory construction in the united states, and anything else that you're going to buy with capital. if you buy something, if you buy something that is going to be good for our country, we're going to let you expense it one year expense. and i did that the first time and everybody was saying, can you go back to that now? you still get, i guess, 40% or whatever, but, you know, pares down. but we're going to bring that right up to the, to the top level. i think that had a lot to do with the success that i had during my first term. i will substantially cut taxes for all domestic producers of oil and gas, and just about everything else that they produce. in my first term, i brought the business tax down

from around 40% to 21%, which everybody said was an impossible thing to do. i cut it from 40 or actually with state, and city was much higher than 40, but i got it down to 21%, and now i'm bringing it down to a goal of 15%, but only if you make your product in america. in other words, you're going to be at 21%. but if you make your product in america, you're going to go from 21 to 15. if you don't, you're going to pay 21%, which is still lower than anything. so guys like elon are going to come and make his great cars in the united states. there are a lot of lot of people will a lot of people are calling, a lot of car companies are calling. they call me three of them, three of the majors. they called and they said, we're looking all over the place. we want to be there. i'm going to be announcing tariffs on cars and semiconductors and chips and pharmaceuticals, drugs and pharmaceuticals and lumber, probably, and some other things over the next month or sooner.

and it's going to have a big impact on america. we're bringing our businesses back. if they don't make their product in america, then they very simply they have to pay a tariff. but if they do make their product in america, they they don't have to pay any tariff which will bring it's all going to bring trillions of dollars into our treasury, or it's going to mean that there won't be any taxes because we want to have a fair base. they don't have it. we don't have it. if they don't pay, if they don't charge us, we don't charge them. it's pretty simple. the republican party is once again the party of common sense. we're a party of common sense. we want strong borders. we don't want men playing in women's sports. we don't want to have transgender for everybody. we're the party of common sense. that's how we won the election in such a big manner will no longer allow other countries to ransack and plunder our nation. that's why i have announced that we will soon begin imposing reciprocal tariffs on any country that engages in unfair and unequal trading practices.

if they tariff us, as i said, we will tariff them at the exact same rate. so if a certain country, because of some of these countries, even countries that i've already mentioned, are extremely aggressive with tariffs, nobody knows that european union, where they have a vat tax, that's devastating. it's very tough for people in the outside, hard to sell cars, really impossible to sell them because they also have nonmonetary tariffs that are very, very tough. but if you take a look at that, it's a very unfair situation. and the vat tax is similar to the tariff around the world. i'm moving quickly to end wars, settle conflicts and restore the planet to peace. i want peace and i don't want to see these everybody being killed. and you take a look at the death in the middle east and the death that's taking place between russia and ukraine. it's been going on, and we're going to end it. there's no profit for anyone. and having world war three, and you're not so far away from it. i'll tell you right now, you're not so far

away. if we would have had this administration for another year, you would have been in world war three. and now it's not going to happen in the middle east. i have restored my policy of maximum pressure on iran, designed to bring peace. and we've designated the houthis a terrorist organization. they're, you know, destroying shipping lanes all over the place and making it very hard for people to get their product delivered and making it very difficult. but we'll take care of that situation. and we've secured a ceasefire in gaza, and we're bringing in the hostages and we're bringing them home to their families. some of them are in pretty bad shape. i have to tell you, to end the horrible war in ukraine, i have spoken with president putin and president zelenskyy, and our teams began negotiations this week in saudi arabia. i want to thank saudi arabia for that. that was so great. >> yeah.

>> and i want to thank in particular, i mean, we have so many of the people. yes, sir muhammad, all the people. but but in particular, we have to thank crown prince mohammed bin salman for hosting these historic talks and talks that went very, very well. steve was there, steve witkoff was there, and michael was there, michael waltz and others, and they really went, well, it's a big it's a big step. we've got to get that war over with. you have to see the people that are dying. i look at the pictures of the satellite pictures of the field. it's a level field and it looks like a modern day version of gettysburg. and you know what that means? it is just carnage. it's horrible. and you know, it's not american soldiers. it's not even soldiers from the middle east in the case of ukraine, russia. but it's people. it's young people from russia and ukraine mostly, that are just being decimated. it's flat fields and a bullet goes,

and a bullet only stops when it hits somebody. and the level of people being killed in that battle, soldiers, young soldiers, in some cases old soldiers, because they're running out of people, they're running out of soldiers. one case, but think of it, a modestly successful comedian, president zelensky talked the united states of america into spending $350 billion to go into a war that basically couldn't be won, that never had to start and never would have started if i was president. not even a chance. and it didn't start for four years, never would have started, but a war that he without the us and trump will never be able to settle. they'll never settle that war without our involvement. that's why they did such a great job this week. and that's why saudi arabia did such a great job this weekend in hosting. the united states has spent $200 billion more than europe, and europe's money is guaranteed they get their money

back. it's a form of a loan. nobody knows that i know that, i said, why isn't somebody saying, you know, we do it the same way? and we spent much more money. we have to equalize. but while the united states gets nothing back so they get their money back, it's a it's a loan. we just give our money. and we had a deal based on rare earth and things, but they broke that deal. but we they broke it. two days ago we had a deal because i said, we're spending $350 billion and europe gets their money back in the form of a loan, and we don't. we're just giving the money hand over fist. that's the biden administration for you. but they're no longer dealing with the same united states as they were dealing with a few months ago. why didn't crooked joe biden demand equalization, and that this war is far more important to europe than it is to us? and that is a very big, beautiful ocean as separation is, you know, we're helping

europe. we're trying to help europe. on top of this, zelensky admits that half of the money that we sent them is missing. they don't know where the money is. he said. well, we don't know where half of it is. it's great. wonderful. he refuses to have elections. his low in the real ukrainian polls. i mean, how can you be high with every city is being demolished? it's hard to be. somebody said, oh no, his polls are good. give me a break. every city is being demolished. they look like a demolition site, every single one of them. and the only thing he was really good at was playing joe biden like a fiddle. he played him like a fiddle. that's an expression we use. yes, sir, to say that he's pretty easy. pretty easy. a dictator without elections. zelensky better move fast or he's not going to have a country left. got to move, got to move fast because that war is going in the wrong direction. in the meantime, we're successfully negotiating an end to the war with russia. something all admit

that only trump is going to be able to do, and the trump administration, we're going to be able to do it. i think putin even admitted that biden never tried. europe has failed to bring peace, and zelensky probably wants to. maybe he wants to keep the gravy train going. i don't know what's the problem, but he hasn't been able. he's very upset that he wasn't invited. he could have come if he wanted to, but that he wasn't invited to saudi arabia. but he's been working for three years. he's never been even meetings or phone calls to stop this war. it's a horrible thing. i figure russia has lost 900,000 soldiers. i think that ukraine has lost probably 700,000. and it's a terrible thing. you'll see body parts, bodies and body parts all over the field. all over. we see them through very accurately through satellites. i love ukraine, but zelensky has done a terrible job. his country is shattered and millions and millions of people have unnecessarily died. and you can't. >> and that's president trump speaking in miami beach, florida

tonight, making extensive comments, going off script a little bit, telling some stories to charm the audience of international financiers in the crowd, making really two points. the first one directed right at that international business group, suggesting that the united states is open for business and welcomes their foreign investment, also suggesting that his administration is off to a terrific start, in his view, listing quite a few items that he says the doge folks have found that are faulty spending. so we'll watch the rest of these remarks and bring you news there. the president heading back to washington, dc later tonight. tomorrow he's going to be meeting with pharmaceutical executives, and we'll bring you full coverage of that as well. mad money with jim cramer in its entirety starts right now. >> my mission. >> is. >> simple to make. you money. i'm here. >> to level the playing. >> field for all investors. there's always. >> a. >> bull market. >> somewhere and i promise. to help you find it. >> mad money.

>> starts now. >> hey i'm. >> cramer, welcome. >> to mad money. >> welcome to. >> cramerica. other people. >> make friends i'm. >> just trying to. >> make you some money. >> my job is not just. >> to entertain to educate, teach you. so call me one 807 three cbc. >> tweet me jimcramer. >> when i first. >> got into this industry as a kid i knew that what mattered. >> was the business cycle. >> the business. was too strong. the fed might. >> raise rates. >> cool things off. >> if business was. >> too weak you might have some. >> rate cuts. you always have to pay attention these things right because you don't want to fight the fed. but today with dow gaining 71 points, s&p advancing 0.2 4% to a new all. time record, nasdaq edging up 0.0 7%. i'm starting to think, wait a second. i'm starting to really wonder. >> if. >> the business. >> cycle has. >> become an outmoded term. right now we have multiple. >> business cycles and. >> they aren't trading together. >> in any. >> sort of harmonious way. i wonder what to do. some businesses are going bonkers. others are going foul. still others seem to be falling apart. and that's why it feels so weird

that the nasdaq, the s&p 500 keep bumping. >> up to new highs. >> and yet. so much bad is happening underneath. so many of the stocks in these indices are simply not that hot, including even some of the mag seven. but that could change on a dime. same with a bunch of others. and heaven forbid if the president takes action. he loves taking action. for better or worse, whole cycles can be torn asunder. let me give you the rundown of the biggest bullish ones and the biggest bear games, so that you can figure out which ones are worth playing and which ones just may be too dangerous. first, the most insanely positive cycle out there is travel and leisure. this was mostly a holdout from the days of covid, when we discovered that we were long on money and short on time. i think the best of the bunch are all worth buying into. weakness. the airlines are breathtaking. i've never seen anything like it. old hands like me are used to seeing the airlines collapse once or twice a decade. not anymore. you don't need to think this one through. you just need the obvious go go buy united. it's up 10% year to date. i think you can challenge this old high of 116. given that people seem to want to travel no matter what. we're well past the initial post covid boom here. i think it can

absolutely justify paying eight times earnings for united. when you travel, you need someplace to stay, don't you? there are two stocks that are roaring in this cycle marriott and airbnb. they just reported excellent numbers. these were cyclical stocks before covid. now they're secular meaning they seem to have growing growth no matter what. you need someplace to go, don't you? i keep hounding you to buy the stock of disney. bye bye bye bye bye bye. because it's doing so well. yet all people seem to care about is that some weak link in the cable business that i think is going to pick up this quarter anyway? theme parks? yes, they are expensive, but it doesn't seem to stop people from going them. we go to increase cruise, a disney cruise or buy the stock of royal caribbean keeps beating the numbers and beating numbers and beating numbers again. the cruise lines haven't been cyclical since covid. need a way to pay? need a way to book? okay, that means buy an expedia or booking holdings or using your american express card. they have no quit in them. what's the opposite of the bullish travel and leisure cycle? how about the bearish housing cycle? last night, toll brothers loan, one of my favorite homebuilders, reported a quarter that was mixed and the stock just got hammered. entire group took it

down. wow. harvard school is instructive because it showed there are cracks developing with lower average housing prices around the country, some very soft markets, something that's not supposed to happen when the fed's cutting rates, mortgage rates are still way too high for this group. i want you to listen to what ceo doug hurley on the conference call said, quote, those areas are where the buyers are a bit more hesitant. i think it's number one, those areas that have had more significant price appreciation through the covid years than other areas. so instead of a 40 or 50% price increase, percentage price increase over the last five years, they're in markets where there's been a 60%, 70%, 80% and 100% price increases. that includes florida, primarily austin, texas. those prices have to come down. that's that's raw inflation. those have to come down before we beat inflation in this country. toll brothers cratered the entire industry. everything from lennar, d.r. horton to home depot and lowe's and everything they sell. and there's the banking cycle now that's in fuego. it's smoking. i mean, it's crazy. the lack of democratic regulatory headwind

and the slower rate cut cycle. good for them. wells fargo, goldman sachs, jp morgan screaming higher doesn't hurt that the whole industry seems very confident that the trump regulators will be more bank friendly than the biden regulators. well no kidding. who wouldn't be? on the other hand, you got groups like the transports. they're just getting clocked at a conference call today, norfolk southern, one of the big east coast railroads, traced out a soft picture. union pacific didn't seem all that exciting either. cold, sweet chemicals. horrible. those are the ones that go into plastic. plus, talk about being in the crosshairs of the tariffs. do we want to own a rail that runs from mexico to here, a trucking company like j.b. hunt? if we're getting into a tariff war with mexico, to me, this group feels like it's practically in a recession cycle. today, the food and beverage and drug stocks all got some lift. but you want confusion. these are supposed to be anti cyclical companies. they don't have a cycle. but now that we have a human health and human services secretary who dislikes processed food and vaccinations. so you may be thinking it's not so much of a cycle as it is an entire blight on these industries and this

administration. nothing would shock you, would it? what if rfk jr wakes up tomorrow and says, i'm banning froot loops or stopping weight loss shots? i mean, everyone, this administration seems to think that the federal government can do whatever it wants. that's not that's not how our system works. or at least it's not how the constitution says it works. but the blight is very much with us, even with today's reprieve. then there's the ag cycle. deere stock can't stop. i think you just go buy the stock of agco tomorrow. farm equipment maker will come on comes on the show all the time. pretty good. how about another unstoppable cycle? the aerospace cycle. love ge aerospace. we bought some honeywell for the chapel trust. as you can find out if you tune in to tomorrow's club call noon. however the aerospace cycle is so powerful. get this. i'm going to say it. it's so powerful you can maybe get close to it. i'm not going to say too loud, but you can even buy boeing. all right. retail. yeah, just the big three costco tjx walmart. the report tomorrow you straight from those. look out minefield used to put the group of companies that make this economy almost impossible to understand.

sure we know there are cycles in tech today. it's a bull market in the internet of things. why? because one of them in analog devices said good things. we have a strong semiconductor capital equipment company. that's why i brought on kla last night. lam tonight at the same time we have a pc cycle from hell. we have a data center business that's been rocked by some outfit in china no one ever heard of. and we have a new product cycle from apple itself that's both inexpensive and fabulous. i'm going to buy one tomorrow, but people are putting a real hate on enterprise software. now. think of workday and kramer. uber unbelievable. amazing service. now it's a horrendous cohort. here's the bottom line can things stay this tenuous? sadly, yes. i mean, today i shouted over to jeff marsh once the travel trust with me, we'll be on tomorrow's noon. cnbc investing club called. i said, hey man, what? how's the market look to you? i heard him say toppy and i agreed. i said, oh yeah, toppy is the one we've had. he said, no not toppy choppy. i said, oh yeah, that's right. i mean yeah sure, it's real choppy. it's not choppy. and doesn't that level of conviction or lack thereof say it all right now. all right. i

want to go. i want to start with old friend david in new york. david. >> good evening. >> mr. jim. how are you? >> i'm good. how are you? >> good, good. i have a question about. see. >> it has. >> a went. >> up today. it went up today. this thing has been stuck. never fully come on the show. this is that celsius? my jeff loves celsius. i looked at celsius. it reminds me a lot of. i don't know, it's kind of like celanese meets dow and kind of like eastern chemicals, you know, eastman, but it's also drinkable and it's going to report on thursday. so let's see what happens. the shorts could be on the run in celsius because everybody likes a good chemical in their drink. let's go to josh. josh brown perhaps josh in arizona. >> josh hey. >> jim thanks for taking my call. new to the club. >> thank you. >> in advance. >> thank you. >> i took a note. >> from peter lynch. >> and i went to the mall. >> i'm fairly new. to stocks. >> and i. >> came across. >> o n o n on cloud.

>> premium shoe apparel company. >> i started. >> doing research. >> i realized. >> a my daughter wanted these. >> for christmas. i see all of her. friends wearing them. i also noticed that. >> a 65. >> year old sports reporter. >> was wearing them. i work in professional baseball for almost 30 years. i walked in and saw my equipment manager with their website on his computer. i said, is it all cloud? he said, yeah man, i was at. >> dick's and i think you're right now peter lynch. peter lynch what what tom what what david is saying is basically the way you need to do. i'm sorry it wasn't david, but it was on, on it was josh in arizona that that this is what he's doing is really important, which is what he's basically saying is he saw it on many, many people, checked it out. and i think he's right. i think they're on a tear. i think they're still there. i see nike maybe coming back, and i know that that new balance is back. but i've got to tell you, i definitely think that on on, we've had them on many times.

and i think that josh has done very good work and he's right to pull the trigger. tommy in new jersey. tommy. >> hey, jimmy. >> welcome back. oh thank you man. i need a couple days off. thanks. >> yeah, you can see you refreshed. >> yes, tom, i really am. >> lafayette, new jersey. all right. and i have a two part question with meta's latest. >> sell off. >> what's your. >> thought on that? >> okay. and as well, what do you what's your thought on. >> meta. >> splitting at this point. >> okay i know mark zuckerberg likes splits. let me give you a little sense on meta. it went up so much that we actually did a little bit of trim for the trust because it got so huge for us, but not a lot because i'll tell you, it's still an expensive stock. and your mark, i know, you know mark, you know mark's mark's mark. but i really we own it. we have a lot of business cycles right now and they're not trading together in any harmonious way. i think that that makes it so that it's a

little more tenuous. but if you like what you own, just stick with it. mad money tonight, some investor day announcements from lam research. what a stock sitting down with the ceo to hear. if the stock can keep running then how are higher prices affecting grocery companies like spartannash with 4.8% yield? let's check in with the top brass and later one of my absolute favorites, arista networks. it fell today, despite what i thought was a really terrific quarter. let's talk it over with the ceo and stay with cramer. >> don't miss a second of mad money follow jimcramer on x. have a question. tweet cramer hashtag mad mentions. send jim an email to madmoney.cnbc.com. or give us a call at one 800 743 cnbc. miss something. head to cnbc. miss something. head to madmoney.cnbc.com. it all started with a small business idea. it's a pillow with a speaker in it!

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>> but this semiconductor capital equipment is finally ready to make their next major move. these stocks did get clobbered over the summer. they spent months trying to find their footing. but i'm starting to feel pretty sanguine about the industry thanks to what we've been hearing from lam research. late last month, lam reported excellent quarter with strong guidance, which sent the stock up more than 7% single day. then today, right here in new york, the company held an investor day. it rolled out some impressive long term financial targets, made some major technology announcements. thanks to these moves. the stock's now up more than 20% year to date. can it keep running? let's dig deeper with someone who is just really, really knows this industry better than maybe everyone. it's tim archer. he's the president ceo of lam research. mr. archer, welcome back to mad money. >> great. thanks, jim. it's great to be here. >> okay. >> i have to admit. >> jim, i'm a big fan of the show. oh. thank you. and i. >> have to. >> say, i love it when. >> people call in and. >> ask about lam research on the lightning round. >> well, you know, i always say i love it. and a lot of that's

because i love the bell was before you and you worked there for, what, 18 years? >> i was. >> 30, 30 years between novelis and lam and. >> well, thank you. thank you for those kind words. i was going to start by saying, i said, look, we all didn't go to caltech like you. so we do need to know what it means to have an atlas halo, which is atomic layer deposition harnesses the capabilities of metal but metal molybdenum. but what i really want to go into is human ingenuity meets ai speed, and robotic precision is one of the most important slides in your deck today. and what it says is, if you want to know where the intellectual property of this world is located in this high tech business, it's right here. it's semiconductor capital equipment, and it's you. >> well. >> thanks for saying that, jim. i mean. >> let's let's start with that. yes. >> robotic precision. artificial intelligence and equipment. you know, we spend a lot o time. developing these new materials like molybdenum and how to deposit those on the wafers. but ultimately. >> our customers. >> have to. put that into mass production. they have to make these chips, and they have to make them at a cost and yield

that works for the industry. and so we've really been spending a lot of time looking at how to engineer the fab. and about two months ago, we introduced the use of collaborative robots, co-bots as part of the maintenance for fabrication facilities. and this was driven by a couple of ideas. one, it's about making these more productive, and two, the chips act programs that are happening all over the world are going to put fabs in places where we just don't have enough skilled workers. and so we see this as a potential solution to that problem as well. >> now, tim, most people think we can't make anything here. it's too expensive. tell tell me how you could have so many great plans here. if it's too hard to make things here. >> you know, jim, i think that technology is usually the cost of the solution to any cost problem. so, you know, what we introduced today at our investor day was sort of the next level of technology to help our customers continue to scale. and we think that every region of the world can pick and be highly competitive in some aspect of the semiconductor market. and at

the leading edge, it's companies like lam and others that are going to help enable our customers to be successful, regardless of where they build those fabs. >> now, are you building with the idea that five years. are you thinking right now about something that people might need five years from now? are you taking calls from people who are saying, please build this for us? >> you know, we talked about a number of different things today, but for instance, the altus halo system that we announced, this tool is actually shipping to production customers today. but you're right, we actually started working on this tool six, seven, eight years ago. you know, big materials, transitions. they don't come along very often. in fact, jim, we talked about the fact that i've been at the company 30 years. the first tool i worked on was the altus tungsten system. here we are 30 years later, and molly is now replacing tungsten. so these are kind of once in a generation type inflections. and lam prepared hard to, to be ready to, to meet this need. >> yeah i didn't i didn't go to as i said i didn't have a degree

in caltech. i do have a degree in the following delivering compelling profitability for shareholders. your record is extraordinary. i mean, we're talking about a ten year. the kegger here is just i don't know how you do it, but you have to talk about how earnings per share growth of ten x since calendar year 2013. i don't have a lot of companies that have done that. >> yeah, there aren't many companies that have done that. but i mean, first of all, we focus on, again, our customer success and working with them to create the types of technologies they need. and we've also been very focused in our in our approach, we look at where the market is going to be expanding the fastest. and frankly, about ten years ago, the industry transitioned to from 2d to 3d nand, and we saw that in the coming inflections of semiconductor devices to the three dimensional scaling, etch and deposition would play an outsized role in that growth. and so we've stayed focused in that area that's allowed us to be very efficient in our r&d of new systems and working with

customers. and in the end, you know, we just have put that money back in our profitability, back into making the company more efficient, driving future growth and really returning a lot of cash to our shareholders. >> now, i think people have to understand these numbers were done, even though you took what looks to be a $2 billion hit and not being able to sell china certain cutting edge products because of our government. i know you've complied fully, but that was kind of a big hole for your earnings. >> yeah, jim, as an american technology company, we of course have to comply with the rules in every jurisdiction we operate. but when i step back and i think about those restrictions and kind of the broader sense of what's going on around the world, i think it's just further confirmation that semiconductors are absolutely critical to everything we do. i think what's little known about our company is that whether you're using a smartphone or you're using a pc, or you're calling up ai, the chips that are powering all of those technologies are made using equipment from lam research. >> and you are at one point we

would think about you as nand and dram, and those are important technologies. but you have gotten higher and higher high bandwidth memory. you've got a great slide about what you do with micron. you have what you do with taiwan semi. you have taken it to another level. it's not just the build and then serve service. you're doing really cutting edge stuff. now that you didn't do say ten years ago. >> yeah. as we as you know, as i said earlier, the scaling roadmaps of our customers are getting a lot more difficult. and what we've seen is in both dram and foundry logic, the two d shrink that's been the heart of our industry for so long is kind of run out of steam. and so customers are looking now to build dram in the third dimension. and that's by stacking chips on top of chips to create high bandwidth memory. and in foundry logic they're going to vertical transistors, which also is driving tremendous opportunity for a deposition and etch company. >> when i talk to you and other people in this, in this industry, i'm always proud that we still make the best and lam is the best. that's tim archer, president and ceo of lam

research. lrcx probably from my first show, i thought that this was the company and the predators company that you should own if you want to own technology. memories back after the. >> break coming up, is it time to fill up your grocery baskets? cramer's getting a read on inflation and food prices with the ceo of spartannash next. frank holland worldwide exchange, weekdays, 5:00 am eastern, cnbc. >> get invested. join the club. >> the cnbc investing club is for everybody i joined to achieve financial freedom in retirement. >> jim cramer is the benefit you get that you can't get anywhere else. it's a great value. >> jim cramer gives you much more than you would ever get from any advisor. >> he teaches how to invest versus just what trades to make. >> return on investment. >> for the club pays for itself. >> join the club. new members >> join the club. new members save with a (grunting) at morgan stanley, old school hard work

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>> last week got this incredible quarter from spartannash. that's the food wholesaler supplies, grocers running nearly 200 retail stores of their own across the midwest. when these guys reported last week, they delivered a much better than expected quarter. stocks shot up more than 11% in response. that was correct. since then, though, it's pulled back, giving back most of the gains. i like this. let's take a closer look with tony chazan. he's the president and ceo of spartannash. find out what's happening in his company and in the broader industry. mr. back to mad money. it's great. >> to be here, jim. >> thanks for having me. all right, tony, we have a bunch. we had a bunch of tech companies today and they're hard to understand. here's what i think. it's easy to understand. you have a 4% yield, which is very safe. you've inflicted your since you were here last. the turnaround plan is in place. tell us what it's going to do for shareholders. >> great. >> excited to do that. >> quick backdrop. >> though just to remind. what we do, we are at the delightful intersection of wholesale and retail as you mentioned. we are a food solutions company. >> we have a wholesale. >> business that provides food solutions, groceries and. >> consulting services to. >> over 2300 independent grocers, including about 200

that we run ourselves. >> of those stores. >> we're also very proud to serve the us military system through the commissary system, giving our men and women in uniform a taste of home wherever. they might be. and so with that, we serve communities, and we serve communities in a way that that that speaks to those shoppers and those specific communities. and it is part of what we call our people first culture, our people first in our organization. we think about our communities in that in that same way. now, people first in this at this particular juncture is about fighting inflation. and i think of the companies that i've seen, maybe you're the best in fighting inflation. tell us how you've been keeping prices down for regular people in this country. >> yeah, it's an important task for us. so as you think about even like the last time we talked, we were in the midst of that, that merchandizing transformation. we talked about fighting for the absolute best prices and the best variety from from our supplier community and looking for deals and things that speak to shoppers, the things that they want to save money on, things that excite them about the types of promotions that we can offer. so we worked very hard on that. we spent a couple ofea