i'm gratified to see that alumina wasn't a big loss.s a big of an upside surprise to start the year. >> the conversation with alcoa's ceo with klaus kleinfeld will continue on "mad money." jim cramer, appreciate you joining us. thoughts, mike, on the report, the stock reaction, the outlook for this difficult sector. >> i think you hit it when it comes to the stock reaction, if you just look at the chart, a one year, two year chart of alcoa it looks like every other base commodity, and other commodity stock. if you have a little bit of a lift could suggest people have been braced for something even worse. obviously the story about alcoa is a little different because of the split. jim hitting that precision cap parts comp for the engineered materials business which is probably alcoa's dream that the world starts to look at it that way. >> triple the value. they're aiming in the earnings release for a late 2016 or second half 2016 split of those two businesses. let's get to a news alert on through lieu lemon. seema mody joins us. >> lulu l

we also believe there's going to be deficit on the alumina side. others are doing the same thing. 6% increase for aluminum and the same thing on the alumina side. in china, the bauxite, their own bauxite capabilities that they have in-country is depleting further. al malaysia has just announced a bauxite ban a week ago. indonesia has a bauxite ban in place. a lot of things support the upstream business. in addition, we've made it better, it's come down on the cost curve. >> let's talk about the engineer portion. when i look at how much is aerospace, because you've made some very start acquisitions, i think about a company, i know this is really not initially analogous, but baxter, okay, so a healthcare business. it's got a business that it doesn't really want that's healthcare. it immediately splits it off, and within ten days it gets a bid. why? because it was undervalued. no one saw the hidden value within. when i look at the breakout of just aerospace, forget gas turbine, forget f-150. i want that aerospace business. isn't this, with this stock

that was new since the november outlook, as was the decline in alumina what can do you? company with a half commodity business. commodities remain in bear market territory, even if you cut back higher production. it was not great call. >> still on track for the split overall. >> yes, mid year. but i would -- people might say, wait a second, how could the stock not be up big if they beat? the call was not a good call. the analysts were mystified that things had broken down since november. i remain convinced that the split will be excellent and that the company that is the hire value added is an aerospace and auto technology company, and you'll want to own that. >> they got in front of the earnings report. big order. >> huge. $9 billion in orders. it's terrific, but people will say jim, you say it's terrific, but why isn't the stock up? >> the analysts were dnegative n the call. >> and do i hear you have dow on tonight? >> yes, going from freeport where they use various different fuels to build plastics. the question i have is would dow chemical be higher had it not merged

. >> a little philosophy, alumina math-- a little bit of math. respect toall due --k santorum, there is a new in town. john: we are here in the des moines marriott four days before the iowa caucuses. mira state university early polls today in iowa say donald trump is leading with 32%. that is up eight points from earlier this month. ted cruz is second in the poll. marco rubio is in third at 18%. preludethe statistical to tonight's republican presidential candidate debate here in des moines iowa at the iowa event centered, just a few blocks from where we're sitting. don trump, as of now, is not planning to be at the debate it is holding his own comic impeding event to raise money for veterans down the road. we will talk about that in a minute. this will be a high-stakes evening for us. what are you looking for in the trump-less debate? different kinds of weapons are deployed against ted cruz and how many actually cut, lesser it, or bruise him. believed onto be the stage. everyone will be trying to take dohim, down. mark: i think you're wrong. i th

alumina,to, maria bart these are people that are fair. chrished that debate with wallace and megyn kelly and i was appalled at the treatment that donald trump got by all three but particularly megyn kelly. i wish martha was in her spot tonight and i think donald trump would have shown up. host: what is it about that question that you think is unfair? caller: i'm going to answer it this way. often, people get upset at the question that is asked, but what they don't think about is the way that it's asked. i think it's obvious megyn kelly has a bias against donald trump, not only with the question, but the way it's asked. saying this.an i don't like megyn kelly, i've never liked her because i think she's an opportunist. continuesd that fox to pump her up the way they do after her behavior in that first debate. i just want to make one more quick comment. i was a supporter of donald trump from the beginning and also ted cruz. andr seeing ted cruz's marco rubio's behavior, i wouldn't vote for either one of them. i think their behavior is appall

alumina? i too connected with biotech. buy slowly as the stock comes down, but the charters hate the stock. don't be aggressive. michael in new york? >> caller: cramer, boo-yah. i own jd.com. >> i can't help you there. we're not recommending any stock from china. no way no how. >> caller: by boo-yah from new jersey, buy, sell or hold novavax? >> it's getting crazy, frankly. i know they're all for sale, but longer term. how about go to david in new york? >> david. >> caller: the stock that's making new lows ibb. >> celgene, here's the problem, they were very conservative about revenue, the number one drug, i think it might catch a downgrade or too. i'm not backing amp. i think this stock could go to the low 90s, because that group is under such pressure. nobody wants it. keith in florida? >> caller: boo yak. stock opk. >> this is another one that's speculative. all the air comes out of it. i am a believer, but understand that health care complex that suddenly everyone hates so much. john in florida. >> caller: hi, j.p. boo-

when we talk about capacity, are they the leader, give us a context of the alumina market and china.if china were not in the market, we would have a deficit in the market. they are such a huge producer and they do smell so much, -- smelt so much, there was general consensus that in 2015 there was a surplus in the market. this goes back to a job situation, a banking situation, a question as to whether or not wouldg more smelters leave regional banks in china with bad debt. if you started closing different ones, would people be losing jobs? this is a part of what everyone is looking at in this market. david: so much of this hinges on a timeline of these closures. what do we know about that? does think the closures will occur, but as you saw in our story, a researcher based in based ond, this is all the fact that people expecting this deficit spec the curtailment to occur. but we have seen time and again they will bring production back online with the drop of a hat, as he put it. that is what people look at when they say china keeps announcing curtailment, but they turn around pretty qu

. >> a little philosophy, alumina math-- a little bit of math.oall due --k santorum, there is a new in town. john: we are here in the des moines marriott four days before the iowa caucuses. mira state university early polls today in iowa say donald trump is leading with 32%. that is up eight points from earlier this month. ted cruz is second in the poll.

that is according to a poll conducted by the alumina. 47% of graduates could not identify term length for members of congress. 4% did not that u.s. constitution gives congress the power to declare war. that was do in august of 2015 and released this month. >> right. >> all right. >> well, celebrities slamming the academy awards over the race controversy. >> so just who vote for the academy awards anyway? what are the rule has we take a closer look at how that whole thing works out. >> and artist emerging famous faces including donald trump and hillary clinton. why two faces may not be that's the right price! it's that low. can't be right?" can't be right's." seriously? savings are up. everything nature's promise is so wholesome... and it doesn't take the whole paycheck. stop & shop's exclusive nature's promise. eat well for less. >> all right. rock band pearl jam hitting the road. the group will kickoff in florida. the performance scheduledp new orlean, kentucky, philadelphia dates in may. the tour ends in august and the though shoes at fenway park and wrigley field. tickets go on sal

and alumina of almost 40%. we did everything in our own control. we reshaped the business and look where we are. we're still standing and still making a profit. so look at cash, look at activity, all that we have under our own control. >> shares slumping 50% over the past year and they were down three quarters of a percent in after hours guys. >> thank you. >> there we go. we're off to a start of earnings. not quite what everyone was expecting. >> we'll see what the banks say. >> coming up, here on worldwide exchange, your trade of the day, copper prices down sharply. the list of companies that perform the best and worst when that commodity drops. >> plus it's a world of worry. who do you want to hear from? this man. joining us to talk china, the economic consequences of oil, the global economy. we're also asking today on twitter how low can oil go? wall street strategists say 20. some say 10. wilfred hated this question because it was too open ended but we're doing it anyway. tweet us your answer. >> i got overruled. >> read it on tv as the price

alumina, silica is part of the screen, a variety of rare erts. indium, all these rare earths here that we're looking at, all of them, 100% reliant on other nations for what goes into the screen. for the battery for your smartphone, we have lithium, graphite and manganese. manganese and graphite, again we're 100% reliant on foreign sources. lithium, we're 50% reliant. that's in your battery. the electronics, the electronics of your phone. you've got tentalium, we're 100% reliant on that. tin, lead, copper, silver, we're 70% reliant on tin. it goes to show, mr. president, that the things that we take for granted, the things that we are all using all the time to communicate, to send messages home, do our business, we can't do it unless we get this done from somebody else, from some other country. but there are options for us. just as there are options with us as we're talking about our energy sources and finding ways to produce more. we can find ways to help us produce more when it comes to minerals and mineral capacity so that we are less reliant.

gallium comes from alumina processing. we need aluminum for high-strength alloys. rhenium is dependent on copper processing. we need rare earths and too many applications. wind turbines, lasers for medical and national security, smart phones, smart bombs. once again 100% dependent on china. in the effort to reverse resource dependency, the american mineral security acquisition is a step in the right direction. and critical materials institute at the. doe.he -- at they can transport twice as fast at the excessive cost. when the expensive mining process is twice as slow as in many other may nations. we can also scrapped laptops and do so-called urban mining and we should continue efforts to find -- findtals but we must a substitute its rare metals.l subscriber tom a all of the above, let's recycle, seek substitutes, but let's also recognize there is no way out of dependency without better production. commodities, the prices will come back. remember the long run. if the u.s. allows trends to become even longer, production of some metals will take place elsewhere. manu

super titanium and alumina and components will be provided for general electric jet engines.saysyou morgan stanley brent crude could fall below $20 per barrel. the bank says oil could fall up to 25% if the dollar rises. rent is trading around $33 per barrel. be at theobama will auto show in detroit next week. carmakers are facing a collapse. .ast year set records the president says he would do it again. that is our latest bloomberg business flash. >> as we look at markets, i am positive we are having a green morning, but we are already seeing the dow dropped 60. we are giving back some already. green, as we are in the even if we back off a little bit, we are heading in the right direction. m&a in the health care space, inecially in the 2015 -- 2015, it doesn't look like it is slowing down anytime soon. creating an industry leader on rare diseases. here with us is stale stafford. joining us bright and early in .an francisco no better time to announce this deal. when you think about the deal announced today and everything that happened in 2015. you are there above the biggest c

good's earnings are a example of why the alumina maker is splitting in two later this year. .ales fell8% the company has been hurt by falling aluminum prices. there's growing demand for alcoa's aircraft and auto parts. a cola expects era space rise 9%. david: it is time for a look at the most read numbered news this morning. five -- four of them are about the yuan and equities, but the fifth is about turkey. jon: a very sobering story, a suicide blast expect -- a suicide blast suspected. 10 people dead, 15 more injured. it is not good, the situation in turkey right now. you do not need me to say that right now, matt winkler. matt: what is so troubling is that turkey was an economic star for the past 10 years, and suddenly that is gone. when you see something like this, it gives you a lot of pause to wonder, what is really happening inside this country? it has been one of the few bright spots in the middle east consistently over the 21st century, and even that part of the story is now unraveling. jon: talk to me about what is happening politically in turkey. everyone knows about the ten