thank you for coming on, adam aron, ceo of amc.d to see you. >> thank you. >> isn't that interesting, jim. we keep coming back to that today. this notion of survival through economic conditions that no business model is really built for. >> i want to point out that a lot of this is true ingenuity. whether it be tony xu, who perseveres unwilling to fold. just unwilling to fold. brian chesky, having to light the fuse and say, i am not giving up adam aron saying, you know what, i can make this work, but i have to be more creative. these are my kinds of heroes. we are having heart market and all that stuff. but we don't do enough celebration. my hats off to adam, and to tony when we have him on monday. let's just take a moment to say, you know what, look at where you have come in life. no matter how much of it is perseveres and how much of it is this great country. >> we are lucky to be here. no doubt about that. either way, dell is shaving some opening offices. now 133. before you go, take a look at the bond report. we mentioned this

not adam aron. name me three other famous people that went to adam aron's high school. >> you >> no. springfield. >> sonnenfeld. >> yes >> i don't know the other. >> ash carter. and schwartzman. >> schwartzman >> when we come back, we'll get cramer's "mad dash" and count down to the opening bell got to get to goldman sachs ordering employees back to the office, calls on paypal, robinhood, coinbase and more (vo) hi. we're visible. a different kind of wireless company... ...running on a big impressive wireless network. how are we different? we exist only on your phone. so you get unlimited data for just $30/mo, taxes and fees included. plus we have a new plan with 5g ultra wideband. switch today at visible dot com. this is xfinity rewards. our way of showing our appreciation. with rewards of all shapes and sizes. [ cheers ] are we actually going? yes!! and once in a lifetime moments. two tickets to nascar! yes! find rewards like these and so many more in the xfinity app. >>> take a look at some of the

adam aron. it's easy to nod the ticker symbol a and stands for amc preferred equity. why was there a delay in investors embracing this listing down about 9% this morning and now up 20%? >> well, thank you for the introduction, liz, and, yes, yesterday we did post terrific earnings for this company, but as you say the big story -- the big news is the creation of a whole new class of securities, preferred equiany units, preferred stock and we'll trade on the new york stock exchange under its own symbol. like a two for one stock split, except instead of getting two common shares for one old share, you're getting one new ape of the preferred equity unit and one common share, but it was a complicated transaction and i'm not surprised it's taking the market a little time to figure it out. we do think that the creation of this preferred stock is extraordinarily important for amc. the reason is that when you look back, we survived this pandemic because we were able to raise over $2 billion of equity, bu

one other thing i like adam aron. he has a tough job. he has some crazy investors. his investor base is very unique let's say. not just institutions. very retail and retail that sometimes thinks some crazy stuff. cheryl: movies have had kind of resurgence this summer. >> i haven't gone to one. cheryl: "top gun," "jurassic world." now i'm getting yelled at. she quit yelling at you. >> did you see the "sex & the city" movie? cheryl: this is a limited series. this is my generation. way to ruin an entire, kill the -- >> whole crush on kim cattrall. cheryl: she said she wasn't coming back. charlie, you will be here tomorrow. charlie gasparino. closing bell three minutes. dow up 145, nasdaq up 74. we had a nice rally last couple weeks. are we closer to recession. or going to be boom times. that is the question right now. today's "countdown" closer has high quality picks to make your portfolio rise in any scenario. joining us washington crossing advisors senior portfolio manager kevin cron who manages eight billion dollars. kevin, that is the question right now. charlie wa

we're seeing adam aron do that that has helped his business during the pandemic. that's helped with tapping into the retail enthusiasm about his stock. >> also made some questionable acquisitions by the way, they're putting -- price target for bby $4.00 it says a lot. the retail investor versus wall street thanks for being with us, as always >>> meanwhile the wales have been making big bets we've been talking about it. chip stocks as well. kristina partsinevelos joining me it's great to have you onset. >> great to be sitting next to you. let's talk about big players they're dumping the chips. the latest 13f filings that show popular semiconductor names are falling out of favor with micron taking most of that hit. david tepers hedge fund dropped its position by 73%. david einhorn's green light completely dissolved its stake in intel intel stock is down about 2% today, and one of the only stocks right now, the tech stocks on the nasdaq 100 that hasn't jumped higher since the june bottom. code two slashed nvidia by 92% recall nvidia as well as qualcomm issued weaker

. >> adam aron, the ceo, we've done some great work about how it's minus 5, when you try to figure outre the stock is. what was great, it was so difficult to figure out how the stock was doing versus the regal collapse i've read a number of articles which said the collapse of regal could be very positive i would say this all the articles about how he has cultivated his share base are so singular versus every other ceo. why don't they do what he does >> you think more ceos should -- >> palo alto does a 3 for 1 split. i think you get the people who watch "mad money," you get those people in, they're not traders if you have a hedge fund base and something goes wrong, carl, they just leave. if you have an individual base and something goes wrong, they double down. this has been a great strategy by adam aron >> it worked for him, he's shown an ability to adapt, that's for sure >> guys, i want to talk about intel and talk about a part of the capital market that we have at least been focused on and should continue to be. the news this morning involves intel signing an agreement with brookfiel

not as bad as they once were and, you know, adam aron was dealt a bad hand and facing decreasing revenues from streaming, i mean, he had a pandemic thrown at him where they shut down his business. elizabeth: everything. charlie: this is a rough, rough business for him getting hit both ways. he's clearly bounced back from the pandemic lows, but that's like bouncing back from -- that's a good sign but he's got a long way to go. he's got a couple of, i guess hits with top gun and maybe some others coming down the pike. but again, still burning cash and losing money. it's pretty clear he needs to raise capital. here's the interesting thing, the shareholders, the apes, most of this is held by retail. retail holds either directly or indirectly through -- it's not all retail. you've got to realize if you buy amc through an etf or through a fund, you know, like vanguard and blackrock has some shares, you don't own -- that's considered retail but it's not directly held. clearly a lot of people hold the stock. they have been voting against common share issuance that he needs. he came up with someth

. >> ceo adam aron will join us tomorrow. >> will it be losses. liz: tom cruise's "top gun: maverick" on the movie chain. >> i think it is losses. liz: the stock is up 3.25% to 18.81. >> off its highs. liz: nasdaq is the only green on the screen at the moment. it is inching, exiting bear market territory, up nearly 20% since its low back on june 16th. it only needs 107 points to do so, but it is only up, what is it up? can't even see. 42 points. not there, 42 points. joining me now with 3.8 billion in assets under management. david kudlow, mainstay capital management ceo. very tentative trading ahead of the jobs report tomorrow. what are you looking at, what are you buying ahead of it if anything? >> well what we've been doing, liz, we talked about on the show six or seven months ago we were very heavy into cyclicals. specifically commodities. we've taken those positions down. what we've been looking at what we've been doing in the markets, when we look at three sectors of growth, value, cyclicals, defensives, we're using a barbell strategy, with

still on deck, the big money movers and wild bet by amc ceo adam aron paying off in a big way. stick around does your vitamin c last 24 hours? only nature's bounty does. with immune 24 hour plus... you get longer-lasting vitamin c... plus herbal and other immune superstars. get more with nature's bounty. >>> welcome back time for big money movers on tuesday morning. shares of zoom video under pressure ahead of the open after mixed results for the recent quarter. that stock down 10%. zoom also lowering the full year forecast for earnings and revenue. pandemic buying patterns dwindle and focus shifts second quarter sales growth down from 12% in the prior quarter. everybody after labor day back to the office. the zoom cfo will be on "squawk box" at 8:30 a.m. eastern time >>> shares of palo alto network pop popping. guidance topping estimate. it is offering a 3 for 1 stock split. that stock higher right now. shares of amc and preferred stock ticker ape higher after a wild session yesterday that saw both stocks halted in trading. despite massive interest in retail investors, many re

rallying cry there's all the synthetic shorts out there in the dividend will shut them out not even adam aronf this company. still losing money the comparables will be horrible because then i have the same top gun and a beacon. those, still burning cash and if there is not a short squeeze that you are banking on that this uncovers, you have wicked dilutive share. this is crazy. >> this is been a story that goes on and on. >> it's been really interesting, correct myself the stock was down at the last three months in the last three years. >> i get a lot of off from the a.m. ca a ticket with good nature often but i'm going to say this i don't publish research i don't have any vested interest i don't have short stocks, long stocks. >> you just tell us how it is. >> i have no vested interest either way. >> the inflation reduction act includes billions of dollars of new climate spending, the los angeles times editorial board putting pressure on biden same climate is an emergency and he should use his executive powers to do more, center for industrial progress found in ceo and the moral case for fos

the share price of amc, which let's just say it's about $11 and ape's price of $6, that's $17 so adam arone ceo, is adamant shares will not be diluted going forward but the company holds the right to issue over 480 million new ape stocks. the key, whenever they see fit or whenever they need cash or when it's in their best interests. the list goes on. >> right and of course if they're not going to dilute by issuing new preferred shares down the road, it's almost like what's the point, unless you wanted to do this synthetic stock split for, i guess, cosmetic incentiving purposes. >> you don't have any extra voting power you can't easily convert these ape units into common shares because you need approval from the board. the perk would be preferred status in case of insolvency maybe they're a little worried especially with cineworld, the fact that -- amc issued a statement over the weekend that they warned q3 might be weaker as well. so they're acknowledging weakness going forward and they need to raise cash and ape shares could help them do that even though shareholders voted against the iss

. >> adam aron says he will do that special dividend even though it is dilutive the apes like it.cover the massive fraud of kenny g and naked short-selling. that is one thing pushing the stock. the other thing the lawsuit can proceed forward. amc shareholders can sue robinhood for putting the halt on that. doesn't mean they can but they can sue. liz: january 2021 they were prevented because of liquidity issues -- >> at robinhood. liz: from buying. >> you could sell. you couldn't buy. okay. if they don't have the money to do it, they didn't have the capital -- liz: don't be in the business. >> okay. i mean, that is like saying the nasdaq should should down after they blew up the facebook ipo. was it facebook or twitter? liz: it was facebook. >> this stuff happens. there has been outages at the new york stock exchange where you can't trade the stocks, the "flash crash." this stuff happened. i'm not saying they didn't screw up. the big story, if you notice the meme stocks, bed, bath & beyonds have been popping lately on disconnect with the fed policy, 2% target on inflation, market t

pretty decent week with a more than 10% gain the stock is lower right now but did pop after the ceo adam aron the launch of preferred equity, which will trade beginning august 22 nd, frank holland join us just when you thought they were down and out, the meme stock traders are back what do you hear >> well, they are back on wall street bets. they are sending out memes and talking about different stocks because it's not clear if it's a full-blown reversion to the meme but a similar formula is at play you look at bed, bath and beyond and gameamc, they are outperfor. u.s. steel is trading in line with the s&p and amc is in the red. it popped earlier off that tweet. so you're seeing kind of a mixed response to everything that you're seeing out there. you also look at each of the top four stocks that are the most mentioned and memed on wall street bets. anything above 10% short interest, that's elevated. above 20%, that's extremely high but the volume trading is not as consistent bed, bath and beyond you would associate with retail traders looking to do that short squeeze, much less that mother of

preferred launched on the stock exchange today ape shares were announced as a class a common stock adam aron tweeting with the ape trading the first time tomorrow morning and the value of the a investment is the shares and new ape units. what do you think of this, joe >> i don't know. do you have to factor in gold mining and popcorn give away a lot to throw in and you don't know what it is worth. i would not venture a guess. it is not about seeing movies or not, is it people are still doing that. >> you can make the argument that actually adam aron is doing everything he should be doing as ceo if he is trying to keep this company afloat for as long as humanly possible the question is is he doing it on the back of the shareholders or is he doing it himself? this may be the answer he needs to pay down debt. he has to. this is one way to do it does it dilute you absolutely is there another option? it doesn't seem like it at the moment >> meme stocks we have thrown our hands up the entire way have we gotten any of it in terms of the big moves up and down share inscrutible. it's impossible. is it

adam aron tweeting the date that his equity against trading will be here. that's the latest. >> that is pretty funny. let's start with the markets. what has been up to now a very positive august four stocks. great to have leslie and mr. santoli here to help out that conversation. as we head into the end of this week, what is foremost in mind for you? >> the market. gaining a little bit of comfort that the things we were most afraid of a few months ago or even a month and a half ago look a little bit less like this. the jobs number, the inflation numbers, coming in the past couple of weeks, have made me feel better about the stag in inflation. that is as simple as it gets. people were in opposition for a pretty rapid rally because the way you get rapid rally is people aren't positioned for it. that is basically the sum total. the interesting thing is, up more than 15%. yesterday we peeked above that level. that would be regaining half of all the losses from the january to june decline. we kind of backed off from that level. the question is short-term. maybe

anyway, if you take a look at amc, they started everything when in a very kind of cool thing, adam aron issued this preferred, which was not deluded. that was the single. that stock was in 15 when he came on. that was the clarion call to, let's party. let's party. but in the meantime, i have take two tonight. now, they are going from zero to 80%. it will be digital this year, which means you don't really need gamestop. i have implored gamestop to get together with mark zuckerberg and asked for how to get into the meta-verse because it is beyond anybody how to put the meta-verse together. but when i went to game stop, which there are way too many of, they might be able to show me how to do it and then i could play canasta with my kids. >> if you know how to. i don't know how to play canasta. >> david, i am up loving today and you are crushing it. >> i am going to do app loving right now. i don't know. did somebody wake up and decid , today is a good day to launch an unsolicited all stock offer for a company? by the way, your shareholders are going to own more of it than our shareholders

adam aron said if you add the price of the ape share and add the price of the amc share together, you basically get where we were on friday. actually lower than where we were on friday the benefit of the ape share is the potential to be able to issue more of them and raise more money for the company >> right you know, that gets you within a range of what the stock is worth. as we know, meme stocks -- >> whatever it is worth. >> meme stocks are worth between 10 and 700 it gives you a better idea, right? >> how do get there? >> apply fundamentals to where they trade futures are indicated up 57 points which is a rebound from an ugly session. i don't like black cords these are super charging excuse me. joining us now -- do they work have you ever had, andrew, the cord says it is wet and will not charge the phone because it is wet and the phone says i cannot charge >> no. >> i've never seen that before it tells you here. i like the white super charger >> you want a white charger? >> i had these in the car. >> i'm handing it to you throug the screen >> extending my life. >> we he can get th

>> so it's down 37% so what amc is doing and adam aron, its ceo, is he's offering a special dividend in the form of new shares, so they are going to be called apes , and he's leading into the reddit wall street bets crowd so it's not an official stock split but it behaves like a stock split so you're getting more stock, more equity, but the price does drop on more supply does that make sense? stuart: it dilutes current stockholders. >> but i was trying to use a word most individual investors would understand for our audience, so what amc, you know, i think amc is all concerned about potential bankruptcy of its rival cinema operator, cine world, they operate regal send cinemas, they are on the brink of bankruptcy and the box office receipts this year are down by one-third from 2019 according to the latest numbers i saw because the streamers are pushing that expensive content on to stream ing platforms so you'll know you'll get those blockbusters in just a few weeks time for 10.99 a month i also want to show you bed, bath and beyond because that 40% sell-off we saw friday continuing to