they aren't. >> tim. >> i almost forgot about my final because we were talking about. roscoe the bedbug dog. honeywell. >> how about it, dan? >> yeah. zoom. i think it's getting to a good level at 70 or so. >> it's great to. >> have you back, melms. >> i'm going to celebrate. >> with a mcdonald's hamburger. >> all right. thanks for watching. fast mad money 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 someere, and i promise to help you find it. mad money starts now. hey i'm cramer, welcome to mad money. welcome to cramerica. >> we make friends i'm just trying to make. >> a. little money. my job. >> is not just to teach and educate but also to entertain. so call me at one 807 43 cnbc. >> or tweet me jim cramer. >> the rebellion. >> against the data center continues. >> that's the dominant. >> theme. >> of this market. don't anyone tell you otherwise. >> the data. >> center has been the single

biggest investment story for months on end, even if it's not always obvious from the averages. say, when the dow advanced 260 points, the s&p declined 0.47% and the nasdaq tumbled 1.35%. this sea change, one that we are undergoing in real time with the data center theme suddenly going from positive to negative. was buried within the broader indices. but it's like a living, breathing, seething animal, a snorting bull turned into a grizzly, scratching and clawing back the gains in your portfolio. >> how do i know this? >> aren't there more crosscurrents. than that? oh, of course there are. i mean, there's the endless tariff drumbeat, one that's driven stocks lower en masse. incredibly, aside from the dow, there is no index. not the s&p 500, not the nasdaq, not the transports, not the russell 2000. that's up since inauguration day. and some of them, like the small cap russell getting killed. it feels like we get a new character every day, doesn't it? today we got a defense of our large cap tech

companies, which have been endlessly targeted by our european allies, these countries, these countries. they've used our tech companies, amazon, alphabet's apple like honeypots. now, when it happens, our government will retaliate for a similar amount of money. no more plunder. i know these tariffs have people on edge consumer confidence indicators. they've just plummeted. interest rates are sinking for fear of an economy gone soft. the key ten year treasury yield is back to where it was in mid-december, when many thought we were looking at many more rate cuts than we've gotten. we have had to put rate cuts. talk on hold. now it's right back because there's a newfound paralysis to many things happening at once, scaring people, few of them. good. i know president trump is deeply committed to tariffs as a way to bring back money and protect american industry. but trump also judges his performance in part by looking at the averages. if this decline keeps gathering steam, we may. >> have a presidential. >> put, because i think he'll feel compelled to do something, anything to turn the market around. but not yet. he's not

going to come to the aid of a specific theme, like the wonderful rise and now hideous fall of the data center. first mystery, a little known graphics company in gaming, chip maker called nvidia, invents a semiconductor that both enables accelerated computing and generative artificial intelligence. the kind of ai that knows when you buy a book about the battle of khe sanh in vietnam that shows you four other books you might want to buy about that terrible war. or when you ask alexa for tchaikovsky's second violin concerto like i did last night. oh, no, it actually put on a prokofiev symphony instead. all right, no, bots are perfect. this semiconductor becomes the backbone of electric vehicles, of robots, and most important, of the data centers themselves. consider them barns with brains. huge warehouses full of servers. no large tech company worth its salt can afford to do without these data centers. so they spend billions upon billions upon billions of dollars, and they are stocked to the rafters with nvidia chips. and then, out of nowhere, some chinese outfit finds a way to do much more with fewer expensive chips. and the whole data center world is

turned upside under some data center builders plant. seeds of doubt about the need for all this hardware capacity from nvidia. suddenly, the data center feels fragile. the tech titans amazon, alphabet, meta, oracle, microsoft, tesla have been dependent on this data center and spend a whole swath of industrials like cummins for motors and backup, constellation energy, vistra for nuclear power burning for the guts of the data center. they've all been trading together. they're linked and they're hanging in the balance. we know that what's happening is we know what's happening. why? because every member of the magnificent seven, save one apple, are drooping because they may have spent too much money on data centers. the fact that apple hangs in there is actually proof positive. the data centers. what's on the line? because apple is the only one that hasn't spent fortunes paying nvidia for the lifeblood of the ai platform. they always figured they could just license the technology from somebody else, given their massive user base. yes, apple didn't have to spend tens of billions of dollars in these warehouses full of servers. so its stock hangs

in irrespective of potential tariffs from chinese components, which seem kind of at least taiwanese components to it seems like if the punitive government of china also goes after them. well, anyway, the president trump has so far been okay. he is not hurt them. but then again, they did commit to a lot of money, didn't they? but let's go back to what's in balance, or i should say in the crosshairs. it's not really apple or microsoft or amazon or alphabet or meta or tesla. it's the odd man out of the magnificent seven. it's nvidia, the most important stock in this entire stock market. nvidia nvidia holds the key to countless tech companies, not just those majors, but to arista networks, marvell technology, cadence, synopsys, so many others. plus, nvidia now might be hurt by the president of united states who wants to tighten chinese export controls further. the most exposed group might be semiconductor. semiconductor capital equipment plays, with nvidia being the most visible potential casualty. same are some are going so far as to say that nvidia holds the key to the fortunes of big momentum stocks

like palantir, like apple and servicenow and even bitcoin. can you imagine? and tomorrow evening, nvidia reports. so right now i think we have two markets. there's the market that's dependent on nvidia and its fellow tech titans. and then there's everything else the drug makers retailers, consumer products companies, even the ones scoring food stocks and the bedraggled homebuilders. now you might want to take a page from lincoln and say that a house cannot stand. that's why the selling in nvidia world is so vicious to the sellers. it can be only one victor, and they think it's not going to be the data centers. not only that, but these sellers have equal scorn for the frothy momentum stocks. all of these ancillary data plays like the fanciful nuclear companies that were supposed to win, because the data centers are putting too much pressure on the power grid, or the quantum computing plays that are all about finding the nvidia computing play, even if it takes 20 or 30 years, and not a great investing timeline. in the end, though, i don't think things are nearly as binary as it seems. the house is not divided against

itself. 24 hours from now, we'll know if nvidia is selling a lot of products or if it can't, because it doesn't, it can't make it fast enough. we'll know if it's possible that it has more large customers than just the tech titans, so we can stop counting those dollars. we'll know if it can avoid making chips for china entirely, so that that's not a concern to be taken off the table. we'll know these things to be self-evident, including all the orders. and then after we know that life will go on, consider nvidia's earnings to be what i call a clearing event. all of the sturm and drang will already be done, and the damage will be complete. only then can we start thinking about tech and many of the industrials. only then will the food stocks return to their lowly status and will and the drug stocks be rocked with profit taking. we'll be wondering why we paid so much not for amazon but for procter and gamble. so here's the bottom line. there's no denying nvidia's importance right now. it's paramount. but i absolutely deny that it can take down the rest of the tech edifice. frankly, there's already it's already happened, and i bet it won't happen twice. but if it does, let me tell you what to do. buy buy buy. mark in

pennsylvania. mark. >> yes, jim. >> mark. what's up? >> how are you? >> i'm doing okay. how about you, buddy? >> i need your help. i need your help. >> i'm right there for you. >> let's talk. ford automotive. should i buy, sell or hold? because should i sell it all and buy rivian or tesla? >> no no no no. what tesla actually liked down here because it's a tech company. rivian. it needs capital. ford. no, you don't want to own ford. i feel terrible about saying that i have a ford. and it's not where you want to be. you got to be in a place where i feel confident that the earnings are going to go up or the sales are going up. and i don't feel that way with ford. i'm sorry, i need to go to bill in massachusetts. bill. >> jimbo. >> it's your friend. >> from up north. >> how are you? >> i haven't heard from you in a while. bill, it's good to have you back. what's going on? hey, listen, i love. >> your weekend post. >> it's save. >> me monday because. >> i knew. >> it was a false positive. so i sold 15% of my. nvidia sold

about 20% of my vertiv because i felt something coming on here. >> i was burned out. i wrote that piece. i got up at 5:00 am on sunday to write saturday to. i was burned out, but i'm never going to let the club down. so i wrote the piece and then i rewrote the piece and i said, man, maybe i'm too negative. no. and then i just hit the button. i hit the button and there it was. anyway, that's the way that's that's how it works. so go ahead, jim. >> you're incredible that that really that. >> set me off thinking. >> and i love. >> it because. >> this is. >> my fourth year as a club member and i'm. >> loving it. >> well thank you. what i'd like. >> to ask you about is uber. >> do you. >> think i should pick up a position in uber? >> i like uber very much now. i was there when they reported and it was incredible. the stock went down and i called out the people who were selling it as morons. now look, i think it can look i mean, it's a 74. it could go back to 68. absolutely. so, bill, here's what we're going to do. we're about a little bit

tomorrow. and then if it goes to 68 we'll buy a little bit more okay. that's the game plan. thank you for saying that about the sunday night. peace i pour my heart out there. i'm always thinking, does anybody read it besides my daughter? no. regina gilgan has said no. the only person who reads it is bill and cc. oh, and regina reads it. oh, you can't beat that. i got three readers. look, there's no denying nvidia's importance to the market, but i find it hard to believe it can take down the rest of the tech because, like, tech's already been taken down a lot, and i am not betting on that happening again. but if it does, bye bye mad money tonight. robinhood fell alongside the market in last week's sell off. despite ending 2024, it's one of the tape's best performers. do not miss my exclusive to hear more about the stock's road ahead. and speaking of fintech, can paypal rebound off its post-earnings pullback? i'm going to check in with the ceo fresh off this company's investor day. and later the only resource stock we own for the charitable trust code terra following yesterday's earnings beat. so 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 madmoney.cnbc.com. don't miss madmoney.cnbc.com. don't miss the c at&t has a new guarantee. because most things in business are not guaranteed. like a distraction-free work environment. -yeah,i'll circle back around. -get those steps in, kevin. your coworkers keeping things confidential. [phone ringing] oh, she's spilling all the tea. ♪♪ or office etiquette. yeah, that's not guaranteed. i know you can see me! you know what at&t guarantees? connectivity you depend on, the deals you want, and the service you deserve. can i get that logo bigger? or we'll make it right. that's the at&t guarantee.

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this company has come from and where i think it can go to. i think it's got a long term approach and understands the younger generations that stand to inherit between 84 and $86 trillion over time. so let's take a closer look. he's the co founder, chairman and ceo of robinhood markets. mr. tanner welcome back to mad money. >> it's always. >> glad to be back here. >> all right. well first i want to congratulate you. there have been tough times. you went right through them. you are have created a beloved institution. and i know you're even speaking to a regular robinhood investors because that's what you do. but just tell us about the journey. because it wasn't all done in fair weather. >> yeah. >> it's been it's been hard, you know. and i feel like we've gone through the cycle multiple times. you know, you talk to me and you. when we were getting started before, we had a million customers. and then i remember you came on your show when we had 10 million customers. >> back then. >> everyone was kind of rooting for us. and then we went through a period where, you know, we had. >> we. had the. >> inevitable sort of like

negative attention. we did some. >> things that we. >> learned from. >> and then things have. >> become more positive. but now i feel like a grizzled veteran. you know, i got my beard. >> you should. >> feel that way. >> being being public for a while. robinhood's more than ten. years old. so i have the perspective and hopefully the wisdom of someone that has gone through ups and downs. so, you know, i wish the stock would go up every. >> day, right? >> well, i'm sure we all do, but i think. >> i think. >> with over the long term we've done very well and we're just at the beginning. >> you sure have now. vlad, one thing i have to tell you, when i meet young investors, i speak to a great number of them. i am always saying, why are you always with robinhood? and they always say, because it's easy now. easy actually means that you're designed in a way that is intuitive. you have a terrific site. you have multiple sites. you seem to be have an engineer's approach to this and it works. >> yeah, i agree. >> with that. i mean, i'm a former engineer mathematician. we got into this business

through algorithmic trading, which is interesting. now we're in. the aic, right. and algorithmic trading disrupted institutional. and really. >> what robinhood did. >> was we brought that technology to retail in the form of zero commissions and great technology. and i think that's still what what's the ethos of the company using technology and engineering to. apply apply that to financial services. >> and people have stuck with you. yes, sure. there was the turmoil about gamestop. whatever. but you've now got a new you've got a people. people have been with you for some time, and you're even getting to the point where you're doing terrific deals on a's and iras. you bought an outfit tradepmr. that would be something that ten years ago, i never would have thought you would have done. >> yeah. i mean, the. >> long. >> term goal is. for us to be the. >> place where any customer globally can buy, sell or hold any financial asset or conduct any financial transaction. so we started with trading, but you mentioned there's 84 to 86

trillion being handed down to younger generations. we think we can be the place where that wealth goes. and i don't think anyone is actually seriously tackling this problem. >> with technology. >> just you just you. and i've seen your site, obviously everyone wants to show me the site. but what you're doing, i mean, just for futures, which are so hard to actually visualize, you found a way to visualize trading in futures. >> yeah. i think that futures. >> just launched a couple months ago. it's already, you know, a business that is growing quite nicely. index options as well. launched that's at, you know, 15 million north of 15 million. >> your dashboard is legend. it's incredible because again, it's intuitive and is that you just have engineers who know how to visualize what people want, and they come to you like you met with individuals today. what do they want? >> i think i think. >> it's a combination. >> of having a few different types of people. people that are industry experts like steve

quirk, j.b. mckenzie, who really understand the active trader, large. >> part because. they're active traders themselves. >> so they really, really care about these products and are passionate about it themselves. and amazing product managers, engineers, folks. on the legal and compliance side, product designers. >> i think. >> i think we have really the best at every position. >> well, speaking of legal compliance, well, yes. sec investigation closed. move on. right. >> yeah. i think that it's nice. >> to not have to play as. >> much defense. i mean, frankly, in the last administration, we were playing a lot of defense. there was an all out assault on not just crypto but. individual retail trading in general with market structure proposals, predictive data analytics, which is basically an assault on ai and financial services. so now, you know, we're fortunate to have, you know. an administration. >> that. >> wants the us to be number one in ai, in financial services and

crypto. >> how far can you stretch it, though, vlad? i mean, prediction markets, elections, sports, gambling there's great synergy. okay. and by the way, since they legalized gambling, i, i like to talk about dfs daily fantasy because it's portfolio management. but how far can you really go before the government says wait now that's that's too far. >> yeah i think. >> that's that's a good question. >> or a markets company. you know robinhood markets it's in our name. >> and i believe. >> in prediction markets i think prediction markets are the future of trading. they're also the future of information. so i think there's certain differences between doing that even in sports and like traditional sports books for example. >> there's no. >> line being set by the platform. buyers and sellers are meeting. so there's price discovery. and that is actually what gives you a signal into what the actual probabilities of these events occurring are. so i think that prediction markets are going to be a bigger and bigger thing across all events.

and you know, of course there's lots of market participants. there's people that speculate. there's folks that are using it to hedge like any market. and i think robinhood can can serve all of them. >> you know, i was concerned and told you that while so many people do options and so much do crypto, i'm afraid that there isn't staying power. but that was wrong. there is tremendous staying power, and there's big institutions now that use some of your option product. >> yeah, i. >> mean, when you look at and we've. >> made. >> a lot of advances on options, we rolled out index options, which as you probably know, has been one of the fastest growing sectors. if you want to, you know, make a if you want to make a trade and take. >> advantage of movements. across an entire. >> market or sector. index options and futures allow you to do that. and i think our take on it is customers. we want to be number one at. the active trader market. customers want to trade these products. institutions obviously use them. and we think by and large, any assets that that's available to institutions should have a path for retail to

use it as well. but again, not everyone is a speculator and not everyone wants to actively trade options. those that do, we should have a path to allow them to do it. but of course we have suitability checks, all sorts of requirements that you have to go through to. >> everybody wants. everybody wants 3% match on their ira. >> yeah. i mean, if you think about. >> what we're incentivizing as. >> a. >> platform, what's the thing that we're incentivizing to come over. it's the retirement accounts. >> and that's been a very. >> successful product. so we'll actually give you a 3% match on contributions on retirement and gold accounts. and, you know, we've done several matches, including one where if you bring over a whole account, you get 2% on your retirement. >> so you're telling me if i have a say, a lot of stocks and money in an ira somewhere else and i bring it over to you, i can actually get 2% return on that money for doing nothing other than opening an account with. >> you. >> if you. >> have, you know, $10 million. yeah, that that's 200,000in match.

>> that you can afford that. >> well, yeah. what we've. >> seen is we measure obviously this is. this part of being an engineering company. we measure we measure the roi of these matches, and we've ran lots of them over time. some of them work out for us, some of some of them don't. but the ones that don't, we've stopped doing. and the ones that do, we keep doing over and over again. >> you have a card. robinhood. the gold card? yeah. it has many advantages. tell us about it. >> yeah. so two things. best rewards on the market 3% cash back on all categories and the best user experience. and i've showed it to you. you've seen it. yeah. you can. >> create virtual. >> cards which allow you to i mean it's great for security if you don't want to share your card number. also, if you want to have a different card for a restaurant reservation for free trials, it gives you the power to do that. and it's our first product built for the whole family. i think that's going to be a bigger thing for us going

forward, like products that become better the more family members you put on it. like why is it worse for you when you have your family on using the same brokerage? it's certainly not better, but i think that's a big part of this multi-generational opportunity. if robinhood can become better for you, if your kids are on it, your spouse is on it. your parents, then you know when there is an inheritance event. it's the natural choice. >> absolutely. >> right now, 70% of people fire their parents advisor and move on to a new platform. so i think there's a huge opportunity. i think a lot of the incumbents have been sleeping on it. frankly. >> i have to tell you, i am so proud of you. i mean, i know that i remember when you started and it was something that i said, geez, maybe this is going to get a lot of people in and democratize. and you know what? you've succeeded more than anyone else i have met in my life in democratizing stocks. thank you. >> well, thank you. >> you you started. >> it all in popularizing this. and, you know, we're. i think we've got a long way to go. we've got to do it all over the

world. and of course, robinhood itself is going to expand from retail to business and institutional. >> not worried i think. you'll do it. they're not worried at all. that's ten of co-founder, chairman and ceo of robinhood. glad to be with him the whole darn way. mad money is back after the break. >> all right. >> coming up, a special peer to peer conversation with the top brass of paypal. cramer's got the latest after the fintechs investor day next. on cnbc live. ambitiously. >> we teach you the right way to develop your own investment strategy. >> to more disciplined. >> and not. >> making irrational decisions. we stick. >> to the strategy and continue to invest and stay long term. >> go to cnbc.com. join jim. welcome. >> to cnbc's crypto world. >> cnbc's daily digital show has trading updates, the latest headlines, a global perspective and high profile interviews.

and high profile interviews. scan to watch [sfx: wind, rain and rolling thunder] with the vision to see what's possible and the grit to make it happen, morgan stanley can help create the future only you can see. [crowd cheers] [music out] finances with a spreadsheet instead of using quicken. quicken pulls all your financial info together in one place and updates it automatically. how easy is that? >> most power. >> players on. >> wall street. >> rate nvidia. >> a. >> strong buy today. >> yet why, then, are so many. legendary investors quietly. >> ignoring that advice. >> and instead selling the stock. >> hand. >> over fist? >> every billionaire. >> on your screen has recently sold nvidia. >> some have offloaded. >> millions of shares. >> and mark my. >> words, this. is bigger than nvidia. >> hedge funds are quietly.

>> selling all. >> of their. >> tech stocks at the fastest rate we've seen since 2016. it begs the question. >> what do. >> they know that you don't? >> my name. >> is mark chaikin. >> i help. >> build three. >> indices for the nasdaq during my 50 years on wall street. that means i know how to recognize these signals from the tech market and exactly what they mean for you. >> and your money. >> i explain. >> everything in. >> my. >> new market. >> briefing, including the. truth of what's going on. >> with nvidia today. >> and the. specific stock i recommend you buy. >> instead. >> i'll give. >> you its name and. >> ticker when you visit the website below. >> nvidia has been the most talked about stock in. >> the market, and for. >> good reason. >> it's led the. >> ai revolution that has taken the us stock market by. >> storm since they announced their ai powered. >> computer chip in 2023. nvidia stock. >> has been on. >> a history making tear. officially surpassing microsoft to become the world's. >> most. valuable company.

>> today, however, many investors are worried. the tide. >> is changing in nvidia's day, and the sun. >> may soon be. >> coming to a dramatic end. and as a result, i predict a different under the radar stock is primed for big potential gains from this. >> moment on. >> to get its. >> name and ticker 100%. >> free. >> simply visit the. website >> simply visit the. website below. check in time is 3:00 it's 2:55. i know. is this what he's doing now? as your host, i have some rules. first, no showers longer than 5 minutes. this isn't a spa. no games. no fun. yes, coach. (♪♪) meanwhile, at a vrbo... when other vacation rentals make you share your turf with a host, try one you have all to yourself.

>> all right. what do we do with the stock of paypal now? it's got new leadership, solid game plan. might have some real staying power yet. paypal had been a very tough stock for us. one of my bigger mistakes, my travel trust in the old days. really painful. but now it's being resurrected. and today the company held an investor day meeting here in new york city with some big announcements. earlier this afternoon, we got a chance to speak with alex crist. he's the new president and ceo of paypal. take a look. all right. alex, you just had your investment date. big, big, big for you. but i want to ask you, i thought paypal was dead. why did you go to paypal? >> you know, i have loved delivering for consumers and small businesses my whole career. i started a small business early in my career, and. >> i. >> understood how difficult it. >> was to. >> be a small business. >> owner.

>> how hard it is when you're trying to make payroll and you're just desperately looking for help. >> and paypal. >> has merchants at a scale that i have never seen. and so the opportunity to deliver for consumers put more money in their pocket and help small businesses be as successful as possible is a huge opportunity. >> and that is for your background. i mean, it's absolutely true, but this is a small business. but before, because you intuit you really had to specialize in that. so this is a passion for you. >> this really is. i've dedicated the last 20 years of my career to helping small businesses be as successful as possible. >> okay. but paypal, i also think as a consumer, because we're not the small business side, does the consumer remember the heyday or did it never forget it? because i am looking for accelerated revenue growth from you after what happened today. and is the consumer going to be part is it takes two to tango? >> you know what paypal has that nobody else has is two sides of an ecosystem. hundreds of millions, 400 million plus consumers and 40 million small businesses. what's amazing is you put those two things together and you have to deliver

for consumers. i think it's one of the things that a network effect requires is a consumer ecosystem that is passionate. we have very passionate consumers, not only for paypal but venmo as well. >> well. >> if you have the consumers in the scale you're talking about, then you have the data. if you have the data, then you win. are you in a position to be able to use artificial intelligence to mine that data and tell people what they should and shouldn't be doing? >> we now have 80 million consumer shopper profiles, consumers that have put their data into our trust. it's their data, but they are giving us the opportunity to personalize the experience for them. again, with two sides of the ecosystem, we can now go to a merchant and say, hey, do you want to personalize the shopping experience for these consumers that are coming in? that is a game changer. >> all right. so i'm a consumer. let's say i want to take a camping trip. and i don't want to call a travel agent. but i don't know enough. what can paypal do for me. >> so we take your shopping profile and we're able to

without sharing personal details about you, give it to a merchant and allow them to personalize the experience for you. so your ability to come in, they may know now your shoe size. they may know your favorite color. they may know that you need a sleeping bag. so now when you go to their website, they can give you a merchant discount. they can make sure that you've got the right shoes and the right size already customized to your exact needs. that is an incredible experience for you as the consumer to have a personalized experience. and the merchant is thinking about that as acquisition costs. so the discounts that they're able to give you is actually the way to convert a new user to their merchant. >> well. >> that's blow away. and i get some things like when i use american express i get points. i mean, how do i figure out what i can win with with paypal? >> well, this is all about loyalty. we want to connect merchants to consumers. and so merchants right now are putting huge amounts of dollars into customer acquisition costs, the ability to just actually put those dollars into your pocket

as a loyalty, as a reward, to bring you into their ecosystem. connected with our shopper profile is a game changer. >> okay. >> a lot of people feel that. wait a second. this is a domestic thing. your kids go on it. maybe they stay on it, maybe they don't. this is also the great bank for the unbanked worldwide. how is that going? >> you know what? we are an incredible ecosystem for peer to peer payments. we are an ecosystem where if you need to move money, whether it's dollars, whether it's stablecoin, whether p, usd, whether it's crypto, we can now move it across our network of hundreds of millions of users. we actually rolled out again today the ability for you to be able to pay for your everyday purchases with your crypto. so really taking crypto and making it cryptocurrency. buy with bitcoin, buy with ethereum, buy with usd. >> okay, so in the crypto you say best way to do crypto 25% crypto sellers use their balance for checkout within seven days. what does that mean? >> that means if money is coming in and they're and they're using

it, whether it's bitcoin or usd. they can actually use it to check out now in tens of millions of merchants around the world. >> do that. because if you're in a foreign country, they like they like bitcoin more than they like the currency. >> we this is the advantage of our two sided ecosystem. >> okay. now i saw that venmo we know doesn't make money. but you did have a line in your presentation. you intend to monetize it within a couple of years. >> venmo is an incredible asset. this is used and loved by over 60 million consumers in the us. a very affluent young demographic, and one that it's just on us to be able to monetize. they have this $18 billion coming into the ecosystem every month. we need to give them the ability to use their debit card and pay with venmo so that they can shop on it. >> but the scrum, there's a scrum, we've got amex, we've got apple cash, we've the people who run scotts square block, whatever they're called, they're in there too. i mean, how do you win against them? >> first of all, venmo is the verb. it is the system that users are using. second of all,

we just have to make it easier. this is really more self-inflicted wounds from us. money is coming in. we never gave them the opportunity with pay, with venmo and with our debit card. now we're seeing the growth. we will monetize this product. >> now, i think you raise a point because you raised it. i'm going to go there. you didn't use certain things. i mean, there were things that lay fallow. there were things that were just there. there were also things that you shouldn't have been doing that were causing you hurting your gross margins. what's changed? what's what switches have you flipped? >> well, first of all, i am incredibly proud that we've turned this company, this company into a profitable growth company again. so let's start there. second of all, there were a number of things, especially in our go to market where we were just working in silos. venmo is a great example. our venmo team that was working very hard to try to get pay with venmo to work, was working in a completely different organization than our paypal team. how is that possible? we brought it all together now we brought it all into one go to market ecosystem so we can take advantage of the scale that we have. >> well, i've got to tell you

that there are a lot of things about your company that i didn't know 84% branded checkout. i didn't know that 430 million active consumers. and yet i never thought of you as that company. so something is it's not working. i guess maybe it was. i thought it was foul. i had no idea. these numbers. >> yeah. i think we haven't done a great job of bringing together both sides of our ecosystem. we will do that now. >> okay. so what's paypal look like 3 or 4 years from now? >> look, 3 or 4 years from now, we put out some pretty ambitious. >> i asked because the targets were very aggressive. >> so there's a. >> we're going to hold you to those targets. >> and we wouldn't have put them out if we didn't have confidence. there's a number of things that i tried to be very clear on. one, we have a brand new team. the team is very excited and a very powerful team. two, i've committed to transparency, our say do ratio, what we say and our ability to deliver is important. and third transformation. so three years from now we are not a payments company. we are we are a commerce platform that is

managing the world's commerce. >> and when it comes to the stock, what will people be saying? what do you think they'll be saying. because you know, you got hit in that last quarter? >> yeah. look, if we deliver over 10% transaction transaction margin growth and 20% plus non-gaap eps growth, as we look out into the future, i think we'll be in a good place. >> okay. well, look, we are going to hold it, i like it, i like the story very much. alex quist, president and ceo of paypal holdings. >> coming up, cramer is turning on the gas with the ceo of doterra. don't miss an exclusive post earnings conversation next. a cnbc special report nvidia reports earnings and john ford interviews ceo jensen huang i strategy chip demand plus post interview analysis a cnbc interview analysis a cnbc at morgan stanley, old school hard work meets bold new thinking. to help you see untapped possibilities and relentlessly work with you to make them real.

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strong oil and gas production. lower than expected cost. that's what really matters to this company. they have a lot of natural gas exposure, and the last few months have been fabulous for natural gas. still, the stock actually went down today. it got dinged. i think that's a big mistake. we own this one for the travel trust. i like it very much, but don't take it from me. let's check in with tom jordan. he's the chairman, president and ceo of qatar energy to get a better sense of the quarter. mr. jordan, welcome back to mad money. >> good afternoon jim. >> so i think that this tom this market verifies your strategy. we see natural gas diverging from oil. and we don't have to sit there and say, darn, we're in the wrong stock. this is your kind of market, isn't it? >> well, it's exactly why we formed criteria, jim. and we're very. >> pleased that our. >> positioning, we think we. >> laid out a really solid. >> 25 plan. >> today that gives us flexibility regardless of where the. >> puck is. and, you. >> know. >> we're we're strong that the marketplace is coming to our way. quite frankly.

>> now i think that there are people look, i'm not going to fold any group of people. there are analysts who cover you, and they're all good people and they work really hard. but there's a moment in your call that i've been waiting for someone to say, and you said it, and i'm just going to quote you because it is so brilliant. you say we don't give ourselves medals for the number of sticks. we can. if we can reduce the number of wells you drill and generate higher returns, spending lower and generate the same volume. that's the game. you understand that? could you please tell our viewers why you don't count? you don't get the medals for the sticks, right? >> well. >> jim. >> if that's. >> brilliant. >> that may be. >> a fairly. >> low bar. >> but. >> i'll take it. >> i like it. >> though, you know. >> yeah. the point. the point simply being that counting number. >> of. >> drilling locations. >> is the absolute. wrong metric. it's how efficiently can you extract. >> the resource. and that's what we focus on. if we can get our. >> entire asset base out of the ground. with one, well, that would. >> be the optimum. >> well count. so you know, it

just you know, sticks being locations. >> it's the wrong. thing to count. >> at the same time, this is when your different areas in the marcellus shine. i always forget how widespread the old cabot was in terms of the great areas in pennsylvania. >> well. pennsylvania is a wonderful place, well positioned, and we're really pleased to have that gas asset in our portfolio. you know, we got a lot we got to ask a lot about that today because, you know, others have. >> said that gas. >> doesn't compete with oil in their portfolio. i, i think today as we look forward, we're very, very pleased to have that natural gas and we'll be delivering it. >> to market. >> and there's a great chart in your fantastic deck because you are so transparent that talks about lng, it talks about export. it's right in your ballpark. >> well, we're trying to. >> maintain broad. >> price exposure. we take some

of it on long term contract. we love to have foreign exposure through lng. we like to have. power contracts, power base price. it's, you know, just part of portfolio management to have broad exposure at different price points. >> and to go back to that notion of not having to drill all over the place, but be able to drill centrally. these two acquisitions for 3.9 billion, i was concerned because that's a huge amount of money for you and you're conservative, and i know you like every dollar to be spent perfectly. how are these working out? >> very well now. now of course we're just now. >> integrating them. but but you know, it gives us the opportunity. >> jim, in a. >> concentrated area to really get good. you know, i want to talk just a second, if i may, on capital efficiency. maximum resource from minimum investment. the way you achieve capital efficiency is multifold. one you engineer low cost. two, you you execute really well. you have low cost structure in your vendor network and your supply chain. but it's that execution

that's so key. and if you do something over and over and over and you give a great team that to do over and over, they get really good at it. and i will say, you know, if you were having open heart surgery, i would recommend maybe there's a best cardiologist in the world and some community hospital, but i'd recommend you go somewhere where they do hundreds of them a year. and that's what that acquisition does for us. it lets us put a team at work and do hundreds of them a year, and we'll get really good. >> at it. i'm very excited about it because i wanted to be a little bit more balanced. the oily part is now great. the nat gas pa you have a chart. page 27. emission reduction efforts of flared emissions, greenhouse gases. we have a president that doesn't really care about methane emissions, but you're still doing these things. >> well we are. >> and look we. >> we're we're a technical. outfit as. >> you. know, >> jim. >> and our and our commitment. >> to reducing emissions. >> was. >> never about.

>> federal or state regulations. >> it's a. >> commitment to excellence. and a great operation doesn't have a lot of waste emissions. and so we found by focusing on emissions, we get better across the board in ways we didn't anticipate. so we're going to continue to drive that home with our team. and they're. >> all in. >> well. >> i think people have to recognize one of the reasons why i like the oil and gas business is that people like you, you're not waiting for the government to tell you what to do. you're well ahead of that. and it's also good business. you can't beat that. when i thank tom jordan, chairman, president and ceo of qatar energy, my biggest resource position for my charitable trust. thank you, tom. great to see you. >> thank you jim. >> yeah. money is back after the break. we love teaching club members. >> how. >> to manage their own portfolios. >> i don't have the time to do this full time for the value that we get. the investing club is very much worth it. is very much worth it. >> get invested. join the c gold bond believes touch says everything. it says... i see you. i feel you. and...i know you.

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>> it is time for the. and then the lightning round is over. are you ready, ski daddy? i'm going to start with ryan in virginia. ryan. >> jim. how's it going? first, i want to wish. >> clara. >> who was turning nine years old this thursday, happy birthday. second, i want to get your thoughts on wendy's first. >> clara. happy birthday. right. wendy's know you're going to sell wendy's tomorrow and you're going to buy texas roadhouse because that's the one we had them on friday. they are monster. good. we bought it for the travel trust. you're buying you're buying t x rh tomorrow. let's go to marc in wisconsin marc. >> doctor cramer thank you for taking my call. last time i talked to you about this stock you said double down on it. the insiders are buying. bollinger bands are tightening up the ticker symbol epd. enterprise

products. >> double down. >> on it. >> let's go to kurt in illinois. kurt. >> yeah. >> doctor cramer. >> thank you. listen, guy called me doctor. i'm like maybe i'm like doctor marty or something. okay. go ahead. >> thank you. >> for all the things. >> you do for us. >> beginning investors. >> okay. >> and i just wonder what you think about we ride. >> oh, my god, we ride. oh, geez. you cut me to the quick. i don't want to go. look, i like alibaba. that was the only chinese stock i like. and it's been absolutely terrific. thank you, david tepper, for your kind words about alibaba. you're a sweet man and a kind man and a good man. let's go to frank in new york. frank. hey, jim. how are. >> you today? >> all right. hey, frank. how you been? what's going on? >> all right. >> well, you know, i. >> own this. >> versus which. >> i love. >> i mean, i listen to all of the data centers. >> that are going to. >> be built in the. >> next 2. >> or 3 years. it's

unbelievable. >> and they're. >> sitting in the. >> catbird seat to. >> supply them with. >> their. >> technology. but but frank, we're all worried about nvidia tomorrow. nvidia pulls the rug and says things aren't that good. then vertiv goes down 10% and that's when we buy it. let's wait till they give us the all clear or not. either way, it's a clearing event. that's what our plan. i need to go to larry in illinois. larry. >> mr. cramer. >> thanks for. >> taking our call. my son cole. >> has a. >> question for you. >> it's his birthday and. >> he's 13 years old. >> all right, i get that. come on, cole, get on here. we have claire's nine kohl's 13. this is the nice assemblage here. what's going on? >> hi mr. cramer thank you so much for helping us. >> absolutely, buddy. >> what's happening? >> i asked. >> my dad to join the cnbc investing club for my birthday. we became members one day. >> oh, man. you got to have you in the city. what's going on? >> we're in the house. >> of pain with uranium energy corporation. do you think we should buy or sell or hold?

>> no, i you know, i think that uranium, we all felt that there was so much business from the data centers. but you know what? you're in the one that is for long term. good. that's the one. you're okay in coal. so i'm not going to tell you to sell it down here. can't tell you to buy it though. and that but thank you for watching. and that is the conclusion of the lightning round. >> the lightning round is >> the lightning round is sponsored by charles schwab. knock, knock. #1 broker here for the #1 hit maker. thanks for swingin' by, carl. no problem. so, what are all of those for? ah, this one lets me adjust the bass. add more guitar. maybe some drums. wow, so many choices. yeah. like schwab. i can get full-service wealth management, advice, invest on my own, and trade on thinkorswim. you know carl is the only frontman you need... oh i gotta take this carl, it's schwab. ♪ schwaaaab! ♪ have a choice in how you invest with schwab. business. in how you invest it's not a nine-to-five proposition. it's all day and into the night.

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>> have the strongest principles, and clearly you have that. this is the best solution i have ever seen. >> i'm going to make you. >> an offer. you have a deal. >> shark tank. coming up next cnbc thursday, investors and fast money fans join melissa lee and the team of traders live and on air for an all access fusion of trades, trends and tips. fast money live thursday five eastern cnbc. >> truly great companies can figure things out no matter what. they know what to do and they don't just stand there and take a darn punch. and that's my take away from home depot's genuinely fabulous quarter this morning and the concomitant $10 rally. first, let me say that home depot's story played out exactly as i thought it would. the earnings report came out at 6 a.m. today. i was previously trying to read the release and measure it against my expectations. as it got two thirds of the way through it, though, i realized that it was better than expected. but i also

recognize that the stock might go down first, because we're dealing with the early morning clouds who don't know what they're doing. sure enough, before i could finish the release, sellers came in and they just blitzed the darn thing, taking the stock down a couple of bucks. once they finished the release, they were still hammering the darn stock. what the heck? if you were watching the trading, like so many do, you would have thought that home depot screwed up, which is only natural given that we've got high mortgage rates and low housing turnover. bad environment. but if you learn anything from this no huddle beyond the fact that home depot is a tremendous company, i hope you realize that we have to stop trusting the pre-market trading morons who come thundering in practically every day. i've studied home depot for 40 years, yet i still thought you had at least finished the reading. reading, the research, reading, reading, reading the report, the release. i mean, i can tell you that the sellers didn't even finish the release, and that's why they went wrong. they didn't read, they didn't know, and then they tried to make themselves right. no way. now, how about home depot? i've often said that what people get wrong about fantastic companies is the simple fact that their ceos are not statues. they don't just

stand there and take a beating. they make changes. they pivot. they all approve. they all bent. and that's what happened in this quarter. when it comes to home improvement, home depot has always tried to dominate the professional market. the lowe's, which reports tomorrow they're more of a do it yourself outfit. last june, the despot paid a pretty penny for a company called srs distribution, which works with contractors to help do the big jobs on pools, roofs, landscaping. home depot has similar services but not concentrated ones, and professional contractors have a tremendous affinity for srs. when i saw the price of the tag, i paid 8.18 .25 billion. i blanched. sure, it had some heft 7 or 60 stores to be kept separate, by the way, from home depot, but it was aggressive move. i wanted them to buy back stock like they did when business fell apart during the great recession. they scooped up billions of dollars worth of shares back then. they knew their stock was dramatically undervalued. i was wrong. the srs acquisition has already boosted the numbers, driving over $1 billion in incremental sales on an annualized basis in 17 markets. home depot has built an even deeper moat first professional business, protecting themselves from a resurgent lowe's. plus, if those

bozo sellers had waited for the conference call, done some research, they would have heard that the actual cadence of the quarter was quite good. the all important same store sales growth clocked in at -1.7 for november, but then positive 6.6% in december. -2.0 in january, but again in december. not so good. i mean not december. great. but january. we've had bad weather and i think that suppressed things as i think february's weather might do now. more important. ceo ted dekker called the bottom in housing turnover as it's at a 40 year low. he goes on to say that he's not expecting a big rebound nor significant increases in new housing starts. but the bottom of no transactions in. now let's put all this together. first, the company is in fabulous shape despite high mortgage rates and low hires and turnover. key metrics for home depot's professional sales and anything. it's just going to get better. second, the stock. it's been down for six straight days before today and heavily shorted. that's plain dumb. we call that a coiled spring. when you see a situation like this one, you don't worry about the stock suddenly plummeting because it's been plummeting. home depot is now a great

situation because everything that could go wrong has gone wrong. and yet the company is still ticking while its stocks are up nearly 3% today. that's the best kind of long term situation. and now it is ready situation. and now it is ready to run. i like to say there's narrator: it's been 10 years since "shark tank" ignited america's entrepreneurial spirit, and we are still blazing a trail. for those who take their fate into their own hands by working hard... imagine i told you i had a magic trick to get your kids to enjoy eating their veggies. narrator: ...by working smart... they're made with our revolutionary technology. ooh. narrator: ...by thinking big... we put everything we had into this. ...and chasing their dreams... we had an opportunity, we took it, we're here. ...and tonight, nba legend and sports broadcaster charles barkley returns to the tank. you know how much i charge for an endorsement? you're getting this thing cheap. people are going crazy over this. do not miss the chance to get in. this thing's gonna make a lot of money. -charles, get in here! -oh, my goodness. -- captions by vitac --