>> yes. so we talked. about what's happening at target. walmart makes. >> me think amazon i do. >> like it. and they do have that very big cloud. >> business as we all know. >> dan i think the main event this week, other than the jobs report, is going to be broadcom's earnings thursday after the close. >> general motors. >> melissa. >> thanks for watching. >> mad money with jim cramer 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. my friends i'm just trying to save you a little money. my job is not just to entertain but also to educate. put everything into context that i can. so call me at one 807 43 cnbc or tweet me jimcramer. the walmart white house seems determined to bring every day lower prices to the stock market. and that means

we're just going to have to live with the pain. >> the pain. >> as this administration sees it. investors will have to suffer because the mold must be broken. the status quo interrupted. we can't worry about the stock market for heaven's sake. they'll take care of itself, including that vicious thrust and very weak parry is a notion that you don't need to invest. you don't need to own stocks. every asset class is caveat emptor at this point. so you just take your chances and do your best to accept the inevitable pain. it can be difficult. it can be almost nonsensical. it can be almost whimsical. and it can lead to days like today where the dow plunged 670 points, s&p tumbled 1.22% and the nasdaq lost 0.35%. hey, by the way, that was a nice comeback. we're down 1300 dow points in two days. and the president just can't focus on it and work on the trade issues at the same time. trade imbalances, illegal immigration, fentanyl they all take precedence over the dow jones industrial average. now i've been off for a couple of days. it's giving me actual clarity into how the

situation will shake out. i make no judgments about whether the trump administration's worldview is good or bad, or even right or wrong. i just want to put it out there so you know what you're getting into. if you decide to stay in stocks during what's becoming a tumultuous phase in our country's history. all this could change. but let me give you the state of play right now. first, what matters to the white house is not whether a country is an ally. it's whether that country pays its freight. its approach is very uneven, which makes it very difficult to fathom. for example, as they see it, mexico and canada unfairly take our jobs and even have the gall to have a trade deficit with us. oh, and they let fentanyl slip through the border, which kills our young people, so they have to pay the price 25% tariff. now, i want to be clear, i'm not endorsing this view. it's what's happening. second, it doesn't matter if there's a preexisting trade agreement among friends. it doesn't matter if trump himself negotiated that deal in his first term, as the white house sees it. we didn't sign these trade agreements thinking they'd steal our jobs, even if it meant that we'd get cheaper products in exchange and our companies

get access to their markets. our trade agreements with mexico were meant to keep us in business by exploiting the possibilities of cheap mexican labor, which allow our manufacturers to escape from the clutches of expensive american labor unions. none of that matters now. third, the changes are inconsistent. but so what? american companies that use mexican and canadian labor will have to pay a big. but south korea, south korean, japanese and european companies. they shipped millions of cars here with de minimis tariffs. nobody said things had to be fair. well tariffs on our trading partners. these next ones, are they going to come. there's no sign that they will. no sign that they won't. so you have to stay on your toes. but these these tariffs we are subsidizing south korea japan and europe at the expense of gm and ford. ironically, the only country that seems to be immune to tariffs right now is russia. again, that's not a pejorative. the russians run a relatively relatively small trade deficit with us. so the white house doesn't seem to care. fourth, taiwan may or may not be relevant. it could help its cause if it started paying more

for its defense. it doesn't matter that taiwan is located there and is the most single, most important strategic asset in the world for both our industry and our military. perhaps it will cause taiwan. it will help taiwan's cause that taiwan semi has pledged to put $165 billion to work here, despite the seeming impossibility of finding the construction workers or the engineers. they're basically paying us tribute, and that could do the trick. in the absence of heavy weapons purchases, as between the chinese and the taiwanese, the chinese can't buy weapons from us, but the taiwanese can. so why don't they open their darn checkbook? that's how the administration sees it. fifth, there's no knowledge of how and when the tariff out of mexico will be paid. will you get a bill? will the truckers get a bill? will the whole thing be run on the honor system? will apply to every company. will there be special pleadings? we don't know. technically, tariffs should be enforced by the customs and border protection. but they got their hands full with trump's deportation plan, so who knows. six. if an american company commits to a giant policy of job and factory expansion in this country, we'll be eligible for some sort of rebate against punitive

countries that would otherwise hold them hostage. think apple. or are they paying up no matter what? seven. it does not matter at all that tariffs have historically been considered bad for business, or that they hurt our economy, something that president ronald reagan laid out most eloquently when he had to put targeted tariffs on the japanese semiconductor industry. if you want to see a more conventional way to talk about trade and the need for fairness without causing great havoc, i suggest listening to reagan's brilliant radio address from april 25th of 1987, on the eve of a visit by the japanese prime minister. trump has repudiated reagan's views on free trade in the context of today's reagan soft line and simple. he was never soft line and simple never will be. as the white house sees it, that approach doesn't work anymore because our allies are no longer useful. in fact, they're all free riders except the russians, as we know. after friday's press briefing with the jumpsuit attired head of ukraine. did you expect brioni eighth? it makes no difference what our allies say or do. their assurances mean nothing if you're upset and sell stocks because of them. or if you

bought stocks while biden was president or even a few months ago, when you could convince yourself that trump wouldn't go crazy with the tariffs. well, that doesn't matter. as the white house sees it, this isn't about you. it's about american hegemony. nine. canada is a total abstraction, not a true trade dispute. their way out of the jam is just to say, listen, we really would prefer to be the 51st state if you'd let us. the white house sees their sovereignty as an insult. ten. this administration thinks it's simply unbelievable that investors are complaining. the ceos aren't complaining. right. have you heard anyone complain? they aren't saying anything. why can't investors just go buy all sorts of cryptocurrencies? go along for the ride. they got the call about the strategic crypto reserve ahead of time. can't they just run ahead of it? what's the big deal. oh, and the groundswell about how invidia is way down from its highs as the greatest tv character of our time, jeff probst from survivor likes to say, when you're voted off, the island ain't got nothing for you. now, before you say that this is an unfair characterization, let me say to you, do you want to make money or not? you now know the parameters. you can figure out

the crevasses, navigate them. sometimes it will mean buying the mag seven when they're really oversold, as it was the case today. sometimes it's the healthcare and consumer products, even ones that are being hectored by gop ones. terrible afternoon reversal in those stocks, by the way, from a crazy rambunctious opening. look out below. one more wild card tonight. commerce secretary howard lutnick said that in the last of his myriad interviews of the day, that maybe the canadian and mexican tariffs could be partially rolled back, perhaps as soon as tomorrow. yes it is. all that capricious. and you better get used to it if you're going to own stocks. but the bottom line now you know the ten most important things about this environment. put them on your wall. they could really come in handy pretty soon or even tomorrow. oh, by the way, good luck. you just might need it. hey, why don't we go to greg in new jersey, please? greg. >> central jersey. >> booyah to ya. >> jimmy. chill, man. >> that's that is just the that. you know what that is. that tastes like coming home. >> that's great jim. jim i want to add more to a position. >> that i have. >> all right. this company has a

great growth story, is immune to tariffs. and even in a slowing economy is something that people cannot do without. it was down about 10% over the last two weeks and bumped up against its 50 day moving average yesterday. jim, is this a great time to scoop up. >> more netflix? >> yes, yes it is, because you got a common sense method of looking for a stock that does not have a problem with tariffs. that also is indispensable and is a subscription business that's down almost 10% from its high. you, my friend, have horse sense. oh, my. speaking of horse sense, let's go to trey in texas. trey. >> jim, just a. >> quick shout out to my wife, lynn. >> honey. happy anniversary. >> i. >> love you. and by the way, those. >> girl scout. >> cookies you hid. >> from me gone. every last one of them moments ago. >> i just had the ones. trey. trey. i just had the ones. what are they called? the tremont or something? the thicker ones, the trifles. i had one, and then i immediately had four. and then

i, you know, folded it up. my wife has no knowledge. my wife and your wife. best of luck to them. okay. so what's going on? >> each kroger i've. >> gone to. >> recently has. >> a table out. >> front slinging these delicious cookies. i mean, they're just all over the place. sometimes i run out of money in trunk space before i even make it into the store. is this a. >> winning strategy. >> for kroger, or will it backfire? >> well, see, unlike you, trey, there are other people who buy those girl scout cookies responsibly and they may be holding back. kroger, i appreciate your ultimate enthusiasm, but i say that maybe you are a minority of one. so let's stay away from kroger right now and buy costco. hey, why don't we go to. and by the way, happy anniversary. what was i thinking? let's go to amelia in michigan. amelia. >> hey, jim. how are you? >> i'm not bad. how about you? >> i'm pretty good, jim. >> i'm an 18 year old investor. >> who got into sofi in the sevens. >> my question. >> to you.

>> is. what do. >> i do. >> with the stock. >> in this volatile market? >> and is sofi? >> is this easy? i got the answer for you. listen, i got it. and it's etched in. it's etched in rock. tomorrow you're going to sell half. and the rest of the time for the rest of your life, you're going to play with the house money. and that is called. >> house pleasure. >> and victory. now you know what to expect. i just give you look. tumultuous time, a little capricious. wake up. maybe the tariffs are gone. like poof. you know, like, i don't know like a disney movie or something. on mad money tonight, royal caribbean stock took a dip today on tariff news. but could it sell for a comeback? i don't really get the tariff thing. i've got the cruising company ceo. then as canada and canadian energy face a 10% tariff from the us. don't miss my excuse to get a read on the energy sector. and later i'm checking in with sports gambling company flutter fresh off its after the bell report. 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 cnbc. miss something. head to madmoney.cnbc.com. [cheerful music] [phone ringing] not all multimillionaires build their wealth the same way, you have... the fearless investor. the type a cpa. the boot strapper. the boot maker. hee-ha. but many do have something in common. we all trust schwab with our wealth. thanks to our award-winning service, low costs and transparent advice, every day, over a million multi-millionaires, trust schwab with more than three trillion dollars of their wealth. ♪♪ in leading big tech

stocks while balancing growth and income. combining tech growth with premium income, pepe offers a unique investment opportunity. for more information, including the fund's standardized performance, sec. 30 day yield and current distribution rate, visit rex distribution rate, visit rex shares. your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. our advanced matching helps find talented candidates, so you can connect with them fast. visit indeed.com/hire oh, it makes me want to tear up. i swear to god, my business has tripled in the last year because of me sharing my videos on tiktok. i wouldn't be able to support the families that work for me now without tiktok. (♪♪)

you think those phone guys will ever figure out how to keep 5g home internet from slowing down without tiktok. during peak hours? their customers have to share a wireless signal with everyone in their area. oooh. you know, it's kinda like when you bring a really big cake for your birthday, and then there's only a little, tiny sliver left for the birthday girl. aw. well, wish her a happy birthday. happy birthday... -it's... ...to her. -no, it's me. have your cake and eat it, too. don't settle for t-mobile or verizon 5g home internet. get super fast xfinity internet you don't have to share. forty's going to be my year.

amazing and is something that we get to use every day. >> what happened to the stocks of the cruise lines? these stocks have been big winners for years thanks to the bull market in travel. lately, they've been hammered by president trump's tariff talk. is that right? take real ribbon, which reported a strong quarter in late january with solid full year forecast. enough to send the stock up 12% in response. since then, though, that gain has been erased and then some, including a nasty 6% loss today as the tariffs on canada and mexico and china went

into effect, fueling concerns about a broader economic slowdown. so could this be a buying opportunity, or do we need to worry about a trade war induced downturn in the industry? let's check in with jason. he's the president ceo of royal caribbean. what a winner. we get a better read on the situation. welcome to mad money. >> thanks, thanks. thanks for having me, jim. >> okay, so i think we got to clear up some things immediately. jason. sure. if there is a trade war. if there is, which we have problems with mexico. problems with canada, what the heck does that have to do with royal caribbean? >> yeah, well, i think. >> there's a few. components of it. on the on the on the hard cost, there's really not. we buy most of our stuff from the us. and that tariff challenge for us is not there. >> of course what we do look. >> at is the consumer. right. >> and how these things. >> could possibly impact the consumer. one of the things that's a great hedge for the consumer, for the cruise industry, especially for royal caribbean, is we still trade at a 2,025% discount. >> to land. >> based vacation. so they're still getting a lot of value out of that vacation experience. and our recent surveys of our guests show that actually their propensity to cruise is at all

time highs, and their desire to go on vacation is 50% higher than it has been in the past. >> well, that means to me that you've got visibility, which is what i really want. a lot of companies don't have that. you also announced the perfecta program. this is a three year program which would make people feel, if they should. otherwise the compound annual growth rate here is extraordinary. >> yes, yes. >> so we you. >> know. >> we're we're big fans of profitability programs. we tend to achieve them and achieve them early. and so we came out with perfect perfecta today, which is essentially that we're going. >> to grow our earnings. >> on average 20% a year on a kegger standpoint. and we're going to deliver a high, high teen roic. and so we do have great visibility into the consumer. we're seeing them book each and every day. that window continues to extend. we're able to raise our pricing, and we're able to see how they're shopping or spending on our ships. and that cash register continues to ring and be consistent. >> i think to people who say, well, wait a second, what are the components of visibility? one of them is there not a lot

of new ships coming on? >> yeah. so supply on the supply side, it actually is it's pretty well controlled. there's about four shipyards around the world. they're all in europe. they build cruise ships. and those cruise ships, there's 1 or. >> 2 each. >> yard produces each year. so it's actually pretty well constrained in terms of the supply growth. so the industry, you know, when you consider, you know, ships that are going to be retired, at best. >> it's going. >> to grow 3 to 3.5% over the next 5 to 10 years. and that's why, you know, on a supply standpoint, you know, that's that's i think it's very well managed. >> now one of the things that anyone who's i just came back from florida, anyone who knows florida, knows that you are a giant part of the economy there. that means you pay a lot of taxes. it was a little surprising to hear secretary ludden just say, out of nowhere, i felt that you guys got to pay taxes. this is something that comes up periodically. you pay a lot of taxes here. it's just not you're not domiciled here. so how would you pay taxes if you're not domiciled? >> yeah. well, there's a lot of there's a lot of taxes. we pay our taxes and head taxes and really different jurisdictions on that we go into. and of

course, there's a lot of stuff that we're buying for our. ships that we're also. paying tax. we think it's an opportunity just to educate. and i typically. >> when. >> we educate exactly all that we do do, it typically resonates very well with with different constituents. >> now on the earnings call, you noted that bookings have been accelerating in the new year, resulting in the best five booking weeks in company history. i would love to hear that with consumer sentiment falling, that that can continue. >> yeah. >> so, you. >> know, we do expect that to continue to happen. of course, our wave season for the cruise industry is typically the first couple of months out of the year. we've already had i mean. don't forget, in 2023 our yields improved by 13.5%. last year, they improved again by double digits. and so to say that to make that statement with that kind of comparable really talks about the strength in demand for our different brands. and, you know, and we expect that that that path, that pace to kind of continue not just for the ticket but also for on board spend. >> well, let's talk about the

brands. i understand that when a customer comes from another cruise line and, you know, i like all the cruise lines and i've been on record for 20 years liking them. but when they come to come to you, they tend to stay with you. and i think this new river initiative, even though it's small in terms of the actual size of all your ships, is part of keeping people in your ecosystem. >> that's that's. >> exactly right. >> so we've spent decades really. >> focused on making. >> sure we have the right brands and the right segments. >> we own the family. >> segment with our royal brand. we own the premium segment with celebrity, and we and we own the ultra luxury. >> expedition with silversea. so being the. >> leaders in those areas, we've now built that family of brands that we should be able to keep our guests inside of our ecosystem. we also. >> listen to. >> our guests in terms of what other vacations. >> are they looking for? >> and one of those is experiences that is not a substitute, but it's actually an additional vacation is river. and so for us, you know, we've decided to enter that. and i say this a lot. >> we're not going. >> into it as a hobby. we we're going full in. and we think it's

going to be an incredible vacation experience to add to our ecosystem. >> okay. i think i do want to go back to that point, though. i mean, if you have ten river ships, is that even equal to one of the giant ships i'm seeing behind? >> no, you need. >> you would need over. >> 40 of those river ships to even. >> get close to, to one of the. larger ships that are there. >> so, so for us, one of the things when you enter, you know, new businesses like that, most people sweat over the commercial side of generating enough demand. with all now we have reciprocity across our brands. you know, we're getting a lot more cross-selling reps. so our ability to generate demand for those ships, for places that. >> we. >> know that our guests want to go, is really something that is a benefit of this, this accelerating flywheel. >> we're all over tariffs today. you've got a perfect day in mexico in 2027. you've got a real beach club cozumel slated to open 2026. i'm looking for any nexus to mexico. it doesn't seem like anything can really be

a problem for you with tariffs. >> no, no i. >> think i think. >> the tariffs i don't think we, you know, that we believe will. impact us in that way. i think, you know, we're focused on how do. >> we build. >> more and more vacation experiences. we have this incredible. island called perfect day in the bahamas. it's absolutely amazing of thrill and chill. and we've got another one on its way in mexico. we've got two beach clubs that we're building. we know that we can really enhance the vacation experience through these private destinations. and of course, we have 9 million guests a year. and so we have the ability to ensure that when they're in the caribbean, which is about half the time that they're going to have a perfect day. >> and one last thing. i do want people to understand the bargain. i mean, people will be saying, well, wait a second. yeah, they can't possibly have that level of visibility. i come back and say, everybody else is really up their prices. i mean, it's incredible how expensive a hotel room would be if you decide to do off the coast in italy. can you give a comparison? i know you said you know the you have some level of, but a comparison between staying in a suite for one week in a

beautiful silversea, i don't know, beautiful. sure. versus what it would take ritz-carlton. i know they have cruises now, but the ritz-carlton, the four seasons. what's the compare? >> yeah. >> i mean, i think looking at on a comparable basis, like if you take, for example, like the silver sea inside a suite, you know, it might cost you about $1,000 a day per person to be on that. by the way, that includes your food, your your, your land based experiences, your beverages, etc. you compare that to, for example, like a ritz-carlton or a four seasons on land, especially on the on the, on the on the leisure side, you know, that number is 2 or 3 times that. >> that. >> an ocean club in surge pricing. >> exactly. >> exactly right. >> and. >> so. >> you know, there's a lot of value that gets gained out of that. and, you. >> know, these comparables. >> of this 2,025% is, you know. us looking at a three, 4 or 5 night out of orlando versus going to one of the parks. >> you know. >> you know that's there. >> and looking. >> at that comparable. and the reality of it is, is though it frustrates me every single day, there's that opportunity to close that that that vacation gap. >> well, look, i think it's

fantastic that people are getting opportunity off of something that really won't matter if there is a slowdown, a turndown. people go cruising rather than go to those various hotels that you just mentioned that are not an option because they're too high. >> that's right. >> all right. that's jason liberty, royal caribbean group president and ceo. and that's rcl. very rarely, very rarely in the last three years has this stock been as low as as low from its 52 week high as it is right now. they have money back if you break. coming up, how is one company working to bridge the gap between. our growing energy needs and where the energy markets are at today? cramer is sitting down with enbridge fresh off its investor day next. scan the code. >> shop the tank. >> tonight, 9:00 eastern. cnbc. >> welcome to cnbc's crypto world. >> cnbc's daily digital show has trading updates, the latest headlines, a global perspective and high profile interviews. scan to watch cnbc's crypto

world, sponsored by crypto.com. >> we make sure the club members get the access they need to make more informed decisions. >> jim cramer gives you much more than you would ever get from any advisor. it's more than from any advisor. it's more than a club. today, she starts with a drive. but the real work came before, inspired by a coach coach: hold it right there, who recognized her potential. coach: turn and fire. coach: awesome morgan stanley proudly supports first tee. driving progress for the next generation. meet air industries group, nyse american manufacturer of critical components for what the us department of defense considers one of its most vital aircraft programs, the ch 53 king stanley, with orders in 2024 of over 200 million supporting both military programs and commercial aviation backlog, is up 41% to over a

quarter of a billion. air industries group i. >> running out of money in retirement. >> it's not an option. >> that's why. >> more stock investors. >> are now. >> learning to trade. >> options to boost their returns. >> look at the return of this option trade versus a. >> stock trade. >> on the same security. they can't even compare after. years on tv. >> as the go. to options experts, we wrote our new book. to teach stock investors. >> how to successfully. trade options. get your free copy today at. >> it's not an option. >> that's it's not an option. dot com. >> okay, so my kitchen was more than just retro. i dreamed of a new kitchen, but a full remodel. >> had pricey. >> and a pain. then i found enhance and it was. >> super friendly. >> to the old wallet. >> we'll take it from here. >> guess what? >> in just one. >> week, enhance. >> completely transform my kitchen. my kitchen went from drab to fab. >> we got. >> a whole. >> new style with. >> new door and drawer fronts. >> new organizers, and now i have a place for everything. >> i mean, look at this place.

>> i mean, look at this place. >> it's since starting the farmer's dog, bogart has lost so much weight. and he has so much more energy. he's like a puppy again. ♪ (banjo playing) ♪ c,mon bo! this is a before picture of bogart. such a big boy. pre-portioned packs makes it really easy to keep him lean and healthy. and look at him now. he's like a show dog. [silence] bogue, can you give daddy a break here? he's having a hard enough time. at least help with my mental health. with my physical health, i. >> get my. >> vitamins. >> enzymes, probiotics. >> in. >> that. >> morning shot. >> it's like a little morning date. >> selling a car is a big deal. >> you've had. >> some big moments, okay? >> and some. >> wrong turns. but when you're ready to sell, cargurus is a big help. >> get multiple. >> get multiple. >> offers instantly,

only the servicenow platform puts ai agents to work across your company. they deal with the small stuff that bogs you down. agents like secret agents? you know... i once played a secret agent. - oh... - oh i miss that one. i heard you were great. i was great. a query. what happens to enbridge? the canadian pipeline and energy play that transports massive quantities of oil across the border. now, there's a 10% tariff on canadian energy products over the past two and a half weeks. this stock long my fave, has pulled back dramatically from its highs. and it got hit again today. now the delayed tariffs have finally arrived. this could be completely wrong. of course, the stock's been a greater longer term performer down here. it sports a 6.4% yield a safe one. but somebody has to pay for this 10% tariff. we have to wonder if it could impact the canadian pipelines giant volumes. today. the company held a very bullish investor day event here in new

york city. and they even rang the closing bell. but that wasn't enough to offset the damage from these tariffs genuinely going into effect. so is there a reason to stick with this one, or might it be a trump administration's cross hairs problem? let's go straight to the source of greg. he's the president and ceo of enbridge to find out. mr. iba, welcome back to mad money. >> great to be. >> here jim. thanks very much. >> so greg, i think the stock's fallen because of ignorance. i don't think there's anything that you do that isn't right for both countries. and that i'd be surprised if the white house doesn't ultimately understand that. >> oh i. >> think they do. >> i think look, the integration between canada, the united states on the energy front is without parallel, right? we ship just for enbridge ourselves, some 4 million barrels into the united states. people have to remember that the. refining complexes in the united states, especially up in the great lakes area, require the heavy crude that we shipped out and have reliably done for to for 75 years. so that's going to continue. we're not exposed to the commodity price nor the tariff side of things. i think

you will continue to see the volumes grow, even in the last several months, as the build up to this, people haven't ran away from that. we don't have enough pipeline capacity, jim, to bring the oil down. >> here that's needed. >> and i think the white house recognizes that. and i think, you know, once we get through some of these unpleasantries, it continues to be full steam ahead. >> it's important for people to understand 4 billion a day. it isn't like you're sitting there and it's going to drop to 3 million because of a 10% tariff. that's just not going to occur. >> no. >> that's. >> not going to occur. and it's the same thing on the gas side, like, well, first of all, where would that production go? secondly, you know, you'd shut down the refining complexes in the great lakes. obviously we ship a lot of gas as well. so between the oil and the gas, i think you take a pretty painful hit to industrial growth. and let's not forget affordability. i mean, the more barrels of oil that come down here and we pick up barrels of oil along the bakken and places like that along the rockies as well, ultimately getting down to the gulf coast. and we run the largest export facility for oil

in north america that projects american power, american energy, power without guns. >> now, you have been a buyer of properties. candidly, you've taken on a little more debt than i like, but you can tell me whether you're paying that down. but you've become a juggernaut when it comes to utilities in this country, which is a great business. >> yeah, we are the largest gas utility in north america, now, serving some 7 million customers in great jurisdictions. right. so industrial heartland. >> ohio. >> north carolina, think about data centers and just regular growth. utah, utah often seen as a growing area as well. and of course ontario. so yeah, we're the biggest player by far on the gas utility side. and that's a that's an exciting area for us to be in. >> great. do you marvel that people are willing to pay any amount for companies that have a so-so nuclear presence when it's really going to be natural gas, and therefore it's going to be you? >> well, i think the reality of natural gas has really come into vision. we've been big, big viewers of that for a long time. people have talked this, that and the other thing. but natural

gas continues to prevail. why, jim? domestically produced, cheap, reliable. and it again from the lng perspective again projecting american energy superiority. and we're at the nexus of all those plays. >> people want to moat. i think you have an irreplaceable infrastructure, which also makes me feel that it's perfectly interesting, perfectly right for people to say, wait a second, it's a dividend aristocrat that's irreplaceable. therefore, that yield may be the best that i've seen of the major companies. >> yeah, absolutely. 30 years of increasing the dividend because of that moat. 19 years in a row of meeting financial guidance. and we're going to continue to do that. our investor today today we talked about $50 billion of growth opportunities ahead of us right through the end of the decade, which is allows us to feel very confident from that 26 plus to the end of the decade. 5% growth, 5% growth, 5% cash flow growth.

that gives us the opportunity to raise the dividend up to 5%. >> now, i also think that you could you gave us some details on the planned investments of the investing investor day today, a little bit of a forward look at things. what should we be thinking about in terms of the next five years? >> well. >> again, i think right now we're executing on some $27 billion of projects, 75% of that in natural gas back to your natural gas plant. but the liquids business continues to grow, too. we announced today an extra $2 billion of growth on the canadian mainline system, which again, will help feed the industrial heartland here in in the united states. and then beyond that $50 billion of opportunities. we're not going to get all those, jim. but whether it's data centers, whether it's coal to gas conversion, whether it's exports to the united states of lng and oil, our moat will make sure we get more than our fair share. and that leads to more dividend opportunities. >> people have to understand that if we're going to be able to grow the permian the way that the president wants, we have to

transport the natural gas. that also does come down to you. >> absolutely. so we've got. a permian super system on the oil side, and now we've really built a permian super system on the gas side too, with which feeds lng facilities. we serve every single lng facility on the gulf coast, and we know that that gas is needed for so many different fronts right across america. >> and where do you think the natural gas price would be if we didn't have your network? >> well, you live it right here in the northeast, right? some of the most expensive prices for natural gas in the northeast. new england, frankly quite criminal. what they have to pay for natural gas. there's only one reason for that. it's not supply. >> and you're ready. >> we're ready to go. hopefully the administration's ready to go. hopefully the governor's up there ready to go. i know the utilities are ready to go, and we darn well know the consumers are ready. >> to go right now. one last question, because we have to flesh out what the tariffs mean. are you the toll collector who collects the money? >> no, we will not be the toll collector because we don't take

ownership of that product going back and forth. >> so you're just a toll road. >> yeah. you think about us as the amazon delivery person, right? or that's exactly how we're structured. we'll pick up your product, we'll store your product, we'll deliver your product. but we don't make money on your product. that's up for you to sell. and then obviously the tariff will be paid on one end of the other end of that pipe. >> have a big you have the alphabet's and the googles, googles, the amazons contacted you directly because they know that you have a way to be able to get natural gas right to them. >> absolutely. we've signed long term contracts with amazon already, at&t, toyota, some of that stuff on the renewable side of things as well. like they they want it all. energy demand is going up. natural gas demand is going up. and unless we use all these different sources, it's going to be very difficult to make sure we reach the greatness we want to get to. >> if the russians do anything that is untoward to the rest, to nato. yeah. the only way that they can the these countries can

really fight russia would be if they had lng from our country. >> yeah, absolutely. and you've seen that reality, right? the germans probably maybe the worst geopolitical decision since world war two, relying on russia for gas. instead you can rely on american. you can rely on canadian natural gas. much safer produce better. and we're good allies. and so i expect that to continue and we'll continue to drive infrastructure growth on both sides. >> congratulations ringing bell. congratulations. on just an exceptional analyst day. people need to understand that you are the backbone of our energy system in our country. >> i appreciate it. >> absolutely. >> we are. we look forward to keep doing it. >> that's greg peoples, president and ceo of enbridge. again, for people at home 30 years dividend aristocrat, completely safe. and can i just say indispensable is back after the break. >> coming up with baseball in full swing and spring training kicking off a new season of baseball, cramer's talking to the top brass of the largest online sports betting operator.

don't miss his one on one with fanduel. parent company flutter next. >> i love bringing transparency to complicated topics. i think it's so important for us to deliver the right numbers to our audience so they can make better investment decisions. san francisco was built on ambition, francisco was built on ambition, a ♪♪ amazing. jerry, you've got to see this. i've seen it. trust me, after 15 walks, it gets a little old. ugh. stop waiting. start investing. e*trade ® from morgan stanley. >> huge difference. >> in her health. >> more energy. >> more playful. >> no more. pooping issues. >> i'm doctor marty. >> i've been a. >> veterinarian for more. >> than 50 years. >> the dangerous. >> ingredients added to many. >> pet. >> foods could be impacting. >> your dog's lifespan. that's why i formulated nature's blend. >> now you can feed your dog wholesome cuts of real meat,

vegetables and fruit with no artificial preservatives or fillers. try doctor marty risk free. go to doctor marty pets.com. for 32. >> years. >> red chip has been discovering tomorrow's blue chips today. with early research on starbucks. >> celsius, daktronics, winnebago. >> and more. now we bring you red chat, an innovative ai solution which gives you answers in seconds. on over 2000 small cap stocks listed on the new york stock exchange and the york stock exchange and the nasdaq. visit redshift today and your shipping manager left to "find themself." leaving you lost. you need to hire. i need indeed. indeed you do. sponsored jobs on indeed are two and a half times faster to first hire. visit indeed.com/hire be making on options versus stocks, you'll realize that in

today's market, buying and holding stocks alone. >> is not an option. the simple. >> beginner friendly. option strategies you'll. >> learn in our new book could take. >> your investing. returns to a whole new level, and today we'll give you a copy for free. get your free copy while they last at. >> it's not an

>> com. >> what are you doing with the sports betting stocks now that they've pulled back from their highs? take flutter, the parent company of fanduel, which also owns a bunch of sports and igaming platforms in europe and canada. this stock's been a huge winner over the past few years. but like the rest of the industry, it's pulled back hard in recent months, largely because too many favorites won their games this nfl season. that's bad for sportsbooks because the public tends to pick the favorites, which is why flutter had to cut its full year forecast back in january. tonight, though, the company reported its full fourth quarter earnings and the results were excellent. the full year

guidance came in a little light, but i think management is just trying to be cautious here. so strong quarter conservative guide. but was there enough good news to get the stock going yet. let's take a closer look with peter jackson, the ceo of flutter entertainment, to learn more about the situation. mr. jackson, welcome to mad money. >> hey. >> it's very. >> nice to see. >> you again. >> jim. how are you doing? >> i've been a long time, peter. been a very long time. i've got to tell you. congratulations. you are right now. you're the champ. you've got the most market share. and i'm trying to figure out whether it was the technology. was it the most interesting games ease in platform? was it cost of acquisition that worked out for you? what were the secrets to having the number one market share? >> well, look, let me give you a. >> bit of background. >> i mean. >> we're not just number. >> one here in america. >> with fanduel, where we were delighted. >> you. >> know. to. >> actually claim. >> the number. >> one space. >> in. >> igaming as well. >> as our leadership in. in sports betting. >> we're also the number. >> one. >> operator internationally. >> you know. >> i'm not sure. >> how. >> many of your viewers.

>> are aware of that. >> but. >> you know, if you take our. >> position in the uk, you. >> know, we've. >> got positions in italy, australia and india. you know, turkey all around the world were growing and taking market share. and you know, you asked. >> you know why? >> why are we winning. >> we've got. >> the. best product. we've got the best pricing. and that's what's important for our customers. >> now when you say best product, are we talking about ease of technology? a lot of people i know go and cut their teeth on fanduel and then stay with fanduel because they're a little scared about the whole process. >> well, it's about. >> it. >> is about ease of use. >> it's about. >> being able to get. >> that bet on quickly. but we're. really famous for the parlay product. you know. >> we brought this product to america. >> it's something that we've. used in other. >> markets around. >> the world. and people love following player narratives and. >> being. able to. >> get your bet on, you know, in the in the super. >> bowl, right? >> you know, you were you were delighted with the outcome. >> of the. >> eagles game. >> but what people were. >> really wanting to watch. >> was. >> was. >> was whether saquon barkley was going to score any of those touchdowns or not, how many yards were going. >> to be. passed in a game by a

player. >> that's what is. actually really exciting when you're watching sports on tv, and that's what we're brilliant. >> at delivering. >> anytime touchdowns. we love that. and boy, that was a good one because saquon looked to be the guy and he was not in the game. but that's all right. he still played well. now let's talk about a case study in how to handle bad luck. i mean i think people have to understand that if the if the players win all the time, it really it distorts your numbers. at the same time, it would almost be illogical to think that that can continue to happen, right? >> look. >> margins move. >> around, right? >> there's always going. >> to be a. >> degree of volatility in sports. >> if we knew what was going to happen all the time, we wouldn't watch it and people wouldn't bet on it, right. there comes times when the favorites win, and then there come times when the underdogs win. you know we've seen you know we saw many more favorites winning in the nfl in q4 than we've seen historically. but if i look at what was happening in soccer in the uk, you know, man city had a terrible run and that meant that, you know, we made really good margin there. so, you know,

the diversification in our business helps. but we wouldn't watch sport if it was predictable. and you know that's what's behind it for our business. >> well speaking of predictable how about these prediction markets. i see these markets develop. they're not in your wheelhouse necessarily. but and they're also by the way they're kind of like zero sum so to speak. but are they worth pursuing. and can they encroach on your business. >> well we're monitoring. the situation closely. i think we'll get some, you know, something out of. >> the ctfc, you. >> know, in the coming weeks as to the legality. of these things. we have experience running, you know, exchanges, right. you know, we run the betfair exchange. >> which is one of the. >> the biggest liquidity markets where people are betting peer to peer globally. what i will tell you though, is they don't have the richness of the products that we can bring to our customers. if i look at what we did with your way at the super bowl, you know, we had, you know, 1 in 20 of our customers trialing out our new product. you know, 90%. >> of the. >> bets that people were placing

were on unique, unique bets that they couldn't have gone on to otherwise. the richness of those player narratives, you can't get that in the prediction markets. you're just choosing the winner of a competition. you know, it's not as exciting or engaging for live betting in a in a contest for customers. >> i have to ask you this because we all bet in our family. we do this because it's fun. we bet against each other. not a lot of money. who creates these terrific situations with everyone talks about who thinks of the anytime touchdown, who realizes that there might be the longest pass and it's going to go to someone because they all seem to read our mind. >> well. >> look, you know, that's that's what we are, you know, employed to do. we have a fantastic team of, you know, traders around the world who want to merchandise and bring those products and make it easy for you to get the bet on, right when you're watching the narrative of the game and the unexpected happening, you want to get the bet on quickly. we want to make sure it's there on fanduel or, you know, with sky bet or with sports bet. you know, the brands

we operate around the world so that customers can have, you know, entertainment and enjoy watching their sport and see whether they can get there, you know, see whether they, you know, their predictions work. >> or not. >> well, one last question. i think that for that, most of us feel that it's now a two horse race in america. is there any way you don't have to continue to spend for acquisition, given the fact that you are the champ? >> look, we are the champ. we're the biggest in the market. we have $1 billion more revenue in 2024 than the next biggest operator. but we invest a lot of money in customer acquisition and in providing generosity to our customers, but in a very disciplined way. right? we're doing it based on our paybacks, making sure that the customers we acquire are paying back within two years. in fact, you know, we talked about 18 month paybacks at the back end of last year. so if we can find more ways to spend more money and acquire more customers so they can enjoy our fantastic products, we'll be doing that. >> well, i got to hand it to you and i, and we you do make it exciting. there are you do have some great parlays. it's what

people really focus on. i've got to go overseas to see what they're focused on otherwise. but you do have a you do a fantastic job. that's peter jackson, ceo of flutter. i'm so glad you came on the show and it's great to see you again. >> yeah, nice. >> to. >> see you. >> thank you. back after. >> the break. coming up. lightning doesn't just strike twice in cramerica. >> we are jimmy choo. >> booyah! booyah! >> thanks for taking my call. >> it strikes every day. cramer is back in a flash with your questions next. >> for me. >> squawk box is breakfast with most interesting. people in. >> the world. >> it's a privilege to get to. >> talk to. >> them every day. >> it's more entertaining than any other morning show, but you might get some useful information. >> squawk box weekday mornings, 6 a.m. eastern. >> cnbc has been hunting for the best entrepreneurs across africa to tackle energy poverty. >> farmers are highly. dependent on rainfall, but. >> water is. scarce with drought. >> our solution is mobile solar

containers for off grid farmers, which uses ai to make irrigation more efficient. being an entrepreneur is not an easy task. you have to have faith that a door will open. >> ubuntu means unity. this is >> ubuntu means♪ nity. this is how we're going to fight climate - [female narrator] they line up by the thousands. each one suffering with a story that breaks your heart. like ravette, who needed help, because every step brought her pain. their only hope is a ship unlike any other. mercy ships. the largest floating civilian hospital in the world to bring free surgeries and care for people who have no other hope. only 62 cents a day, $19 a month, will help provide urgently needed surgery for the world's forgotten poor. if you have ever wondered: "how can i, just one person, make a difference?" this is your answer. so many are still suffering. so don't wait.

call the number on your screen. or donate now at mercyships.org. that's the number on your screen. ♪ made with certified organic cotton, wool and latex, plus ergonomic coils to support your body's natural curves. for cool and restorative sleep, featuring a one year in-home sleep trial. save up to 20% on organic mattresses. shop today at avocado mattress. proud supporter of 1% for the planet. >> chem-dry has. >> been a trusted name. in carpet cleaning for. >> over 45 years, and for good reason. chem-dry uses the perfect combination. >> of nature's. >> chemistry along with our core cleaner, the natural, to provide

a deeper, longer lasting clean to your carpets, area, rugs and upholstery. >> millions of carbonating. >> bubbles remove the dirt, allergens, and stains from deep within your surfaces, giving you a healthier home. call one 800 chem-dry or visit chem-dry dot com chem-dry. >> the healthier. >> deep carpet cleaner. >> high point university. the premier life skills university is ranked the number one best run college in america by the princeton review. employers value hpa's real world preparation. students love unprecedented access to global leaders on high points, inspiring campus. >> and parents. >> appreciate god, family and country values. choose to be extraordinary at high point university. lightning round is sponsored by charles schwab. trade brilliantly.

>> it is. >> time to go. play the sound. and then the lightning round is over. are you ready? lightning round? i'm going to start with brandon in texas. brandon? >> booyah! >> jk looking to. buy some gsk. >> well look gsk is a very inexpensive stock with a 4% yield with a lot of things going for it. i'm going to say yes to that. let's go to vince in new jersey. vince. >> hey, jim, how are you? >> i'm doing fine, vince. how about you? >> i'm doing well. >> i'm giving you a call. >> about zeta. >> zeta. zeta? i do not know. i am stumped by zeta. i know bobby and zeta, but i don't know zeta. let's go to rich in connecticut. rich? >> jim. >> i thought. >> you would. >> never answer. >> the phone. >> no, no. that's untrue. i like i was, i was just i was just picking on you. everybody else

got a call. all right, let's go to. let's go forward. g.d.o.d. >> i got it. >> it's killing me. it's killing me that that thing isn't moving. it's not doing what i thought it should. so that's why i'm saying pivot to agnico eagle. that's the one i like. agnico eagle. let's go to christian in pennsylvania. >> christina instead. >> of cramer. >> thank you for. >> taking the call. >> of course. >> great state of pennsylvania. go, eagles! >> excellent. >> pete. >> thanks for teaching us how to invest. not only how to invest, but be a disciplined investor. >> yes. >> my ticker today is x buy, sell or hold. >> this thing just does nothing but go down. it loses a ton of money. i can't possibly recommend putting any money into that thing. let's go to pete in new york. pete. >> hey, jim. >> i'm calling about. >> a restaurant stock. it's an iconic brand. >> they have. >> over 200 locations. >> anytime i'm there, i'm. >> always. >> on a waiting list. place is always packed. the last. >> few earnings were pretty positive. >> i'm talking. >> about cheesecake factory. >> you got a winner in

cheesecake factory. and you're absolutely right. and by the way, they do have a menu that doesn't have a lot. you know they've got stuff that is not incredibly fattening too. i think that you got a good stock to buy with cheesecake. let's go to steve in new jersey. steve. >> hey, jim. >> how's it going today? >> oh it's good. how about you, steve? >> doing okay? >> what do we have today? >> is the aircraft management leasing company. it pays a $0.27 a share dividend. and they also just implemented a new $1 billion share buyback for ppe 8.54. jim, what's your. opinion of aercap holdings? >> it's a winner. i think you should buy it. i really like it, i love management. let's go to evan in new york. evan. >> hey. >> what's going on? >> how are you? >> i'm doing fine. evan, what are you. >> thinking about? >> blackberry. they won. >> blackberry is a dice roll. i mean, like, you know, it's like four, three, two, one. i don't know what it's going to do. this one is just a total spec. nothing more than that. let's go to paul, north carolina. paul.

>> mr. cramer. >> thanks for taking. >> my call. >> of course. >> i bought eaton. >> shortly after. the club. >> and we watched it. >> make a. >> 100 point run. >> but since. >> november 22nd. >> those 100. >> points have slipped away. >> it's unbelievable. paul, it is unbelievable. that quarter was not that bad. i can't believe what's happened to the stock. i was talking with jeff marx today. we think it should be bought and bought right now. and that. ladies and gentlemen, conclusion of the lightning round. >> the lightning round is sponsored by charles schwab. trading at schwab is now powered by ameritrade. unlocking the power of thinkorswim, the. >> award winning. >> trading platforms. >> bring your. >> trades into focus on thinkorswim desktop with robust charting and analysis tools. including over 400 technical

studies. tailor the platforms. >> to your. >> unique needs with. >> nearly. >> endless customization and track market trends with up to the minute news and insights. trade brilliantly with schwab. >> cueing the music. >> if you're feeling out of step with your current big wireless plan, switch exactly. switch to consumer cellular. they use the same towers as big wireless, so you can switch. yup, and save up to half for the same. reliable nationwide coverage. all the dips is the price. >> oh. >> stored for those 50 and up. get two unlimited lines for $30 each with consumer cellular. what if you could tackle your dog's itching, mushy poops, and low energy? millions of pet parents are raving about doctor marty nature's blend. such a. >> huge difference. >> in her health. more energy. >> more playful. >> no more pooping issues. >> i'm doctor marty. >> i've been. >> a veterinarian.

>> for more than. >> 50 years. the dangerous ingredients. >> added to many pet. >> foods could be impacting. >> your dog's lifespan. that's why i formulated nature's blend. >> now you can feed your dog wholesome cuts of real meat, vegetables and fruit with no

>> i don't have any. >> doubt in my. >> mind that you're going to. >> be insanely successful. >> shark tank coming up next. cnbc. >> we're not about trading. we're about investing. >> jim cramer is an excellent teacher for someone. >> that wants to. >> learn how to manage their. >> own money. >> he teaches how to. >> invest versus just what trades to make. it's more than a club. it's an experience. >> go to cnbc.com. jim. >> now that trump's tariffs on canada and mexico and china have gone into effect, big question is who pays. and who do they pay

it to. see no manufacturer no employer has any idea what to do now. they pay fedex or j.b. hunt. do they pay the collectors at the border? do they have to pay on everything they import? is it the honor system? the wall. it's been so chaotic, we have no idea. nothing's been thought out by the white house, which continues to act like the walmart house, because they seem to be determined to bring us every day lower prices to the stock market. the lack of specifics is driving everyone crazy. >> oh. >> look, you put yourself in the shoes of the people who run constellation brands, which imports corona del pacifico, some of america's best selling beers. first, modelo especial. it's a premium beer with a premium price. second, you can't make a mexican beer in milwaukee, wisconsin at the largest liquor store i know. modelo especial sells for $29.99 a case. coors light goes for $23.99. the relatively new outlaw brand sells for just $13.99. alvo has come in under the price of all beers because their management recognized that beer prices have soared since covid, and they see this as an opportunity. liquor companies have raised prices relentlessly,

even as gop ones. tamper craving cannabis gives you a better buzz without being hammered. and then no hangover the next day. now, constellation brands looks to be caught with his pants down on this one, not expecting to be hit by the tariffs. although the stock's been such a terrible performance. barely got dinged today. you can say at these levels disappointment is in the stock. but consider what this company has to do. a 25% tariff on a $30 case of beer is nearly eight bucks. constellation can either eat the $8 tariff or raise his prices to almost 40 bucks. now, this is an exquisite hobson's choice. they either have to accept a big cut to sales from a higher price, or take a huge hit to their gross margins. both will be downgrades galore to the stock. even at these low levels, they have to be asking themselves, would anyone pay nearly $40 for a case of modelo especial versus 24 bucks for domestic coors light, or 14 for the outlaw? i think you wouldn't. i think you'd walk. i expect outlaw encore sales to go up. so the logical move is the constellation needs to eat at least some. eat some of the tariff and accept weaker margins. but then again, you can't be sure that this company won't be able to get some

exemption. who wants to raise the price of beer? which would be a huge positive for the stock? it's also money that you just can't tell what will happen. but the one thing that is certain is that constellation will lose huge share to the brewers that do their manufacturing in america, and that's what president trump wants. he wants more beer to be made in america. he doesn't want special pleading from constellation. he doesn't seem to care at all that you can't make mexican beer in the us. i'm sure he just says, tough luck. all over the country, companies are trying to figure out right now what percentage of their manufacturing is really from mexico or canada, or china for that matter. then they're supposed to figure out what percentage needs to be taxed 25%. they want to know who collects the money, but most important, they're trying to figure out who has to pay. once they pay the tariff, they sell it to a retailer. does the retailer have to pay? does a consumer have to pay? or do they all have to eat the whole thing because nobody will accept higher prices? at this point, we don't know. which is why so many stocks are going down. eventually we'll figure this out. then we can buy stocks with certainty. once the estimates are cut, my suggestion is

patience. wait for the price target cuts. wait for the downgrades. they're coming. pick small like we're doing for the charitable trust. but to sell now that the tariffs have arrived, i'm afraid it's too late to sell. that's already occurred. i like to say there's always a bull market somewhere always a bull market somewhere just for you right here on >> welcome to the shark tank, where entrepreneurs seeking an investment will face these sharks. if they hear a great idea, they'll invest their own money or fight each other for a deal. this is "shark tank." or fight each other for a deal. this is "shark tank." ♪♪ my name is stephan aarstol. i'm 39 years old, and i live in san diego, california. i've always been what you might call a-a geek, you know, i got good grades, i was on math team. i've kind of always played things by the book. coming out of graduate school with an m.b.a., uh, you're sort of groomed to go in a--a certain direction towards really corporate jobs,