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. >> just curious courtney do you like a lot of the other resource stocks or freeport is that a standtalked about a lot on this show is very much here to stay. i do think it is something we need to hedge in our portfolio so materials in general is a good opportunity to take advantage of inflation kicking in freeport is a good example but not the only one by any means. >> it's time to vote are you buying courtney's pitch on freeport? guy adami? >> mel, are you able to read my smart board for me pleerksz -- please >> says preaching down arrow choir. >> she's preaching to the choir, spot on, well-done, despite the move i think it trades up to the '08 high which i believe was $58 or thereabouts. >> go to tim, what's your vote >> he's right. i'm also a buyer mel, if you could read my smart board but it says fcx equals fcf free of port is a cash flow machine, you don't need copper to go higher next year's multiple trades 4 times at its peak at $58 it traded the 7 times ebitda so i think there's more to go i don't see what changes fundamental story for copper supply demand dynamics yeah, i'v

we will talk to freeport-mcmoran on that.is bloomberg. ♪ ♪ alix: live from new york, i'm alix steel, with guy johnson in london. this is "bloomberg markets." something abroad up earlier in the show is what happened to iron ore. the latest catalyst is the pboc says the exchange rate cannot be used to offset commodity inflation, just one piece of the puzzle to try to tamp down the commodity rally that we have seen. this is a chart that shows it. you saw maximum drawdown for the singapore contract as we saw that correction territory, so tons of selling. does china really have the power this go around to put the top in when it comes to commodity prices? guy: is going to be different this time around, isn't it? we are going to hear a lot more about this over the next few days. president biden's infrastructure plan is going to be a huge demand for electrification. you are seeing a similar thing here in europe. copper obviously core to all of this. it is interesting what china is doing with its currency right now. cameron crise was

each new freeport will create for trade and help regenerate communities. my government will ensure that the public finances are returned to a sustainable part once the economic recovery is secure. measures will be brought forward to ensure that children the best start in life . prioritizing their early years. my ministers will address lost learning during the pandemic and ensure every child as a high-quality education and is able to fulfill theirpotential . my government will help more people to own their own homes while enhancing the rights of those who rent . laws to modernize the planning system so that more homes can be built will be brought forward, along with measures to endthe practice of ground rents and newly sold properties . my ministers will establish law, a new building safety regulator to ensure that the tragedies of the past are never repeated. measures will be brought forward to address racial and all of the opening of parliament and queen cease speech is available on c-span.org and on our schedule later. the house is back in session for vo

and shares are coming down with freeport. but copper prices have doubled over the past year, and that has really helped miners. shares are up over the past year. and also in terms of revenue at freeport. not sure if we can get the chart back up, but at the height of the pandemic revenues were down 14%, but in the first quarter of this year a whopping boom, up 73%. we know the reason for it, freeport actually gets 7% of its revenues from copper, and that demand is now coming back up because of the economic recovery we are seeing. and it really kicked off with china, then demanded more co pper, but infrastructure plans are booming around the world. and they also have a big focus on the green space. electric vehicles use four times as much copper as a normal car. but in terms of how far the rally can go, goldman sachs has a said that this commodities a cycle could be entering a goldilocks scenario in the next few years. the prices could go up to $15,000, so that would really help them out. but we have also seen spot demand wane,

exporters in uk freeports will not get the full benefits of the new tax—efficient zones if they are exportingcording to the financial times. the uk has recently made post—brexit trade agreements with 23 different countries, however some include clauses which prohibit manufacturers in freeport—type zones. america's second largest burger chain is returning to the uk after 20 years with a promise to steal market share from rivals mcdonald's and burger king. wendy's, famous for square burgers, plans up to 400 outlets nationwide, creating at least 12,000 jobs. israel is expected to sign a free trade agreement with south korea this week, which will mean more than 95% of israeli exports to south korea will be customs—free. israel is working on similar deals with china, vietnam and india. joining me now from our asia business hub of singapore is shara njit leyl. tell us more. that's right, sally. this is significant as it is israel's first such agreement with an asian country and the deal is really meant to bolster bilateral trade cutting things like customs duties and offering safety nets on investm

freeport is quite remote, still quite amazing.ne hesitant people, and you've mentioned this before, if they hear that it's in their control, they get to choose which one they want, 80% of americans get to choose, probably even more than that if they're willing to drive a little bit more, that's good news for vaccine hesitant people, hopefully it will help them roll up their sleeves, go to vaccines.gov and put in your zip code to find your shot. >> great context and great way to look at it. and continuing the conversation, dr. michael smith, a professor of pediatrics at duke university. doctor, thank you so much for being with us today. the big question now, we expect this week, and the okay would be authorized for next week, those in the 12 to 15 age group, to get their vaccines, we can put up on the screen right there, that would mean 85% of all americans would be eligible for a vaccine at that point. 16.7 million. americans in the age group 12 to 15. how important is it to get -- to move down, go all the way down to 12 years old

annmarie: richard atkinson -- richard adkerson, ceo of freeport-mcmoran, speaking on the next swingsthe market he is seeing in terms of copper prices. we are close to the end of european equity trading. remember, the ftse is closed today for a spring bank holiday, alongside memorial day, so volumes are subdued. european equity markets are in the red for sure. the dax is down nearly 0.5%. we also had inflation coming out of germany, rising to the level since -- to the highest level since 2018. the cac 40 and france also down nearly 0.5% -- cac 40 in france also down nearly. . 0.5%. we could see a little push and pull this week. no massive catalyst until we get the latest read on the u.s. labor report on friday. you don't want to miss that jobs day. more coming up next. happy memorial day. this is bloomberg. ♪ annmarie: good morning, good afternoon in europe. 21 seconds away from the end of the trading day. volume is subdued and lower given the fact that it is the u.k. maybank holiday. it is also memorial day in united states. you take the u.s. out of the market you will lose a lot of

ubs, freeport, t-mobile, a lot more to come don't go away. hey lily, i need a new wireless plan for my business, but all my employees need something different. oh, we can help with that. okay, imagine this... your mover, rob, he's on the scene and needs a plan with a mobile hotspot. we cut to downtown, your sales rep lisa has to send some files, asap! so basically i can pick the right plan for each employee... yeah i should've just led with that... with at&t business... you can pick the best plan for each employee and only pay for the features they need. >>> following the facebook oversight board decision, now a statement from facebook. julia's got that julia? >> that's right, facebook's global affairs and communications, writing that they believe that their decision to suspend president trump was necessary and write, they're pleased that the board recognized that we took the unprecedented circumstances, justified the measure we took, they note that the board does not require facebook to immediately restore trump's account but does not specif

freeport mike durham the biggest publicly traded -- freeport-mcmoran the biggest name in the u.s., all the talk is about that colonial pipeline shut down, whether it is going to reopen, how long that lasts, and whether this persists to be a big dictator of where gas prices go. right now they are still on average, just below three dollars a gallon. there is some concern if this goes on for another two or three days, you could start to see the average creep up nationwide. if you are in california, you are already dealing with five dollars or six dollars a gallon. valero energy one of the beneficiaries. i want to bring your attention to a couple of interesting downgrades that happened this morning. the first one is on facebook enough about. it was a duel down ash facebook and alphabet -- facebook and alphabet. it was a duel downgrade saying there's too much optimism out there. the analysts really just saying you have to peel back the layer's and say that the surge some of these companies have seen in that ad space was transitory, and that is not known to persist. tom: thank you for s

>> freeport is obviously one of those with great exposure to copper.. you can invest in the metals directly or invest in the miners. one particular etf we like at the firm, is pick. this gives you broad, diversified exposure to that sector. liz: i like it you're not buying it at the highs of the year certainly but tell me what you think happened with crypto today? we have about 30 seconds left. >> look, crypto, specifically bitcoin, some of the other, they were definitely trading in bubble-like territory, right? this is not strange. this should not be unexpected. remember that old saying, when people that are not involved in the market start asking you about an sasse set class usually -- asset class usually it is time to get out. liz: ahmed, come back. he has 10 billion in assets under management. [closing bell rings] liz: dow jones is fast moving off the lows, down 166 after having lost 586. that will do it for us here on "the claman countdown" on a wild day. don't go away. "kudlow" is next. ♪. larry: hello, everyone, welcome back to "kudlow." i'm lar

i will say freeport copper exposure, much better material play someone might own freeport mcmaran. >> >> i'm in at $18 a share it hit over 30 today income invers, would you be adding to that position or looking elsewhere? thank you. >> i think as an income investor you can still add to this. it had a 3.8% difr did he understand yield the best part is, those earning are going to grow at about o 10% between 2021 and 2022. they benefit from people returning to work as well add increasing interest rates. you got a lot going for it i'd still own it >> steve, video question leets watch and then you can react. >> hello scott and tim i'm from canada. cramer suggested to sell jumia i wonder what steve is doing with there position. i'm eager to hear his words of wisdom thank you very much. >> words of wisdom my goodness. how much you pay this guy to send that in >> well, first of all, can you play that again? here is my words of wisdom >> i understand. it's the only time you hear it so you want to hear it 20 times. go ahead >> you should be be writing this down and jenny you too i know what jim

i definitely like freeport because there's 200 pounds of copy in ev, in any sort of electrical vehicle, and i like the banks and i think i love wells fargo more than jpmorgan because wells fargo was so bad before it got to charlie sharp so i like these, i guess but i will come back and say something that is a little different from what most people would say. there are many stocks, more than i can ever recall, that i like right now. steph, when you and i go back and forth invariably it will be -- i have train on tonight. have you looked at train, tt >> uh-huh, yeah. >> it was a blow-out come on, how can you not want to own trane? the only thing keeping you back from owning trane is that there are 70 that you want to own, maybe 80tranes look at the stock. has anyone heard of the thing? trane. in the old days, joe, in the old days union pacific holds an analyst meeting, okay. well, everybody sells. that was what you were supposed to do. not anymore. now they buy i mean how about the fact that las vegas sands, caesars, sold out! i mean there's an eagles' game, judge, in vegas. okay we don'

. >> do you still want to buy a lot of these commodity plays freeport fcs, have you looked at that stockple from when. >> it is a triple. up 347%. >> i know. >> 56, $57 billion market value. >> because there is no other copper company they claim they are opening -- this is what's supposed to happen carl. is they are supposed to open more mines when i had caterpillar on the show the strongest part of the book of business is mining right now. because everybody needs more copper and of course replacement homes is plastic but then plastic is all part of the gulf problem with super storm eurory. >> right >> i think people are selling pfizer because the other people selling fooiz. i'm selling pfizer because you are selling pfizer well i'm going to beat you out of pfizer. well i think that's ridiculous pfizer is doing incredibly well. but i recognize it is going to go down. i ups that and i say okay look, let'em sale it carl let'em sell it let it go down >> sure. >> why do i have to -- >> it is a -- as you point out the shares are red kind of reminds me your talking about freeport and cleveland

people, you interviewed freeport - >> we had richardson on last week and very enthusiastic. >> i would wonder if he is less enthusiastic a 10% decline. >> a 10% decline although longer-term, it wasn't super cycle they were talking about, it was consistent demand as a result of the additional demand from ev, the copper useed so often in the batteries for example. >> look, there has been no substitute, and even, you know, your buddy - >> don't even start. really my buddy the man you interviewed 20 times and i interviewed once got it quantumscape is what you're talking about. >> quantumscape indicates that there is no good substitute yet for copper and that's a problem, david. because jagdeep singh, a very thoughtful man, is saying look, there's a lot of copper being used that's the one the one flaw in the ointment, carl, is that there's no substitute for copper. i talked to the fourth largest waste company last night, people are going to the, back to the, carl, they're going back to landfills and pick out the copper that was something that happened during the last peak in copper that's w

time so that's why tech is be used as a source of funds what if we bought the last 5 weeks we put freeport back around for copper we brought c.b.x. chevron we've you know lumber excedrin we're making great money with that but you know what we're selling we're selling those tech stocks so they're now a source of funds and christie i want to move into a broader technology discussion i guess there is the crypto currency which is kind of the new darling as big point sits around the $60000.00 mark it broke 4 $1000.00 for the 1st time on monday but some analysts there are saying it is overvalued at current levels what do you think about that claim. i mean how is easily her value here because we don't say kelso is overvalued because apparently tesla's worth more than toyota now even though toyota sells 30 times more cars than tesla last year but apparently the market does increase as that continues to rally have to sell now it's not overvalued seeing as it's being fueled by expectations of a wider use based partly on its role in d. 5 so there's more than 150000000000 dollars in total mallya locke

speaker, but it enables us to deliver freeport and places like above all taking back control of our country for deliver fastest vaccine rollout in europe he knows mr. speaker would not have been possible to not been possible if we stay in the european agency. which he focused for. mr. speaker, we people of the country can see difference between labor party the twist and turns with the win of nothing except plain political gain where this party gets on with delivering on the people priorities and i hope that people will vote conservative on may the 5th. >> prime minister -- may i thank the prime minister for the swift action he has taken to deliver this for our country. and will the prime minister join me in thanking the many local volunteers such as volunteering at the vaccine center and guy and pall who has been volunteering alongside the denim community health, and thank you for the vaccine rollouts -- >> prime minister, well, should my honorable friend should thank everybody involved and it has been a fantastic national effort led by the nhs that by volunteering i thank guy for that very

does the prime minister of agree with me that the freeport what he creates much-needed skill jobs and investments, protect our precious language and culture, and breathe fire into the nostrils of the west dragon? and will the prime minister accepted invitation to join me on a tour of the island to include the truckstop cafe and holly had? p.m. johnson: it says here that i must not express reference on the location of three ports, so i won't. she makes an outstanding case as ever, and she is together with our welsh colleagues, i believe she's helping that to apply the halo to the nostril of the west dragon. >> thank you. despite the problem which the prime minister always seems to seek to keep upon the scottish national party, the scottish elections two weeks ago, the smp was approaching the government with twice the number of the status conservatives, securing 48% of the votes, 49% of the seats, and with 51% of voters backing it which supports an independence referendum. so the prime minister genuinely believes that his criticisms of the scottish government have any merit whatsoever,

time so that's why tech is be used as a source of funds what if we bought the last 5 weeks with pot freeport back to run for copper we brought c.b.x. chevron we've you know lumber excedrin we're making great money without but you know what we're selling we're selling those tech stocks so they're now a source of funds and christine i want to move into a broader technology discussion i guess a theory i'm cryptocurrency which is kind of the new darling as big points it's around the $60000.00 mark it broke 4 $1000.00 for the 1st time on monday but some analysts there are saying it is overvalued at current levels what do you think about that claim. i mean how is easily her value here because we don't say tell those overvalued because apparently tesla is worth more than toyota now even though toyota sells 30 times more cars and tesla last year but apparently the market does increase as that continues to rally up to now it's not overvalued seeing as it's being fueled by expectations of a wider use based partly on its role in de fi so there's more than 150000000000 dollars in total value locked all

time so that's why tech is be used as a source of funds what if we bought the last 5 weeks we put freeport backed around for copper we brought c.b.x. chevron we've you know lumber excedrin we're making great money with that but you know what we're selling we're selling those tech stocks so they're now a source of funds in christie i want to move into a broader technology discussion i guess theriault cryptocurrency which is kind of the new darling in as big points it's around the $60000.00 mark it broke 4000 dollars for the 1st time on monday but some analysts there are saying it is overvalued at current levels what do you think about that claim. i mean how is easily her value here because we don't say kelso is overvalued because apparently tesla's worth more than toyota now even though toyota sells 30 times more cars and tesla last year but apparently the market does increase as that continues to rally up to now it's not overvalued seeing as it's being fueled by expectations of a wider use based partly on its role in de fire so there's more than 150000000000 dollars in total value locked a

so that's why tech is be used as a source of funds what have we bought in the last 5 weeks we put freeport matter on for copper we brought c.b.x. chevron we've you know lumber excedrin we're making great money with that but you know what we're selling we're selling those tech stocks so they're now a source of funds in christie i want to move into a broader technology discussion i guess theriault cryptocurrency which is kind of the new darling as big point sits around the $60000.00 mark it broke 4000 dollars for the 1st time on monday but some analysts there are saying it is overvalued at current levels what do you think about that claim. i mean how is easily over valued here because we don't say tell those overvalued because apparently tesla is worth more than toyota now even though toyota sells 30 times more cars and tesla last year but apparently the market does increase as that continues to rally up to sell now it's not overvalued seeing as it's being fueled by expectations of a wider view space partly on its role in de fire so there's more than 150 $1000000000.00 in total value locked

the government also wants to build a number of freeports across the country and to make technology companiesore accountable for the content they host. joining me now is miatta fahnbulleh, who is chief executive of the new economics foundation. what stood out for you in this speech question alone at the bigger thread was levelling up and i think given how much the government talked about it, how little detail there was. what are you looking for? the white papers which turned out in time, what detail you want resolute levelling up which by the way is the challenge that successive governments have failed. ., successive governments have failed. . , failed. there are three things that they have _ failed. there are three things that they have to _ failed. there are three things that they have to get - failed. there are three things that they have to get right, i that they have to get right, the first is investment, you cannot level up on the cheap, and the second is creating good jobs and for me the big opportunity to leap back to the transition and industrial revolution they want to see across th

pinduoduo or this >> i wanted to underscore as well, you mentioned it in passing, you bought more freeport and bought more louisiana-pacific with the funds there that came out of uber, so that we're all on the same page. i know you mentioned that, but i wanted to underscore it, if you will. >> jenny, you sold seagate, you only owned it for, what, two weeks? >> one year almost on the know. >> my bad. my bad it said you bought it may 1st. i didn't realize it was 2020. >> you thought there was a different person here, no? no, no, we owned it for a year here we are, fast forward, and 20 times multiple, which is stretched, it's a great company, but i don't think there's that much up side last week when we were talking about apple and netflix, i had to apply that same logic to looking at seagate i also sold lamar advertising, which is the billboard companies. i have not repurposed the cash i have a nice watch list, but nothing that's quite right to buy here and now to me that's a statement when i don't pair a buy with a sell >>> we will take a quick break when we come back, the etfs you need to

constituencies, it will be more money on the up agenda, you talk about her majesty talking about the freeporte the ns -- the nhs clears the backdrop. force johnson wants to get reelected. this is the building block spirit alix: the whole idea is reducing the red tape getting stuff out faster. is that realistic to remove some of the hurdles? guy: i think, probably. there seems to be a correlation in the u.k. between how you vote and whether or not you own your own home. as a result of which, boris johnson is keen to get more people to own their own homes. how do you do that? build more of them. alix: that is interesting. i did not know that. guy: it worked up or do well for margaret thatcher. what else do we have? tomorrow is a big day? this afternoon we have u.s. three year. biden will meet with governors which are be interesting. tomorrow is the cpi number. alix: cpi coming out at: 30. you also get a 10 year option. president biden will meet with congressional leaders. the house will vote on whether to fire representative liz cheney as the republican third ranking party leader. it goes to sh

freeport mac brand you can see the orange line and the green line moving to the upside watch copper prices. that material story is playing out with many traders and investors today. let's stick with kmcommodities. breaking news on the colonial pipeline attack. the company giving new guidance for when it expects to be up and running fully again. bryan has been following that story for us >> the story has changed in the last hour or so. as an hour ago we had no indication of while the pipeline might restart. now we do although it's still a little like the story itself a little bit murky we got a press release 20, 30 minutes ago saying they hope to substantiallierer store operation service by the end of the week a lot of questions there what does substantially mean does it mean the entire pipeline, a little less than the pipeline is the end of the week saturday night or the end of the workweek on friday? either way, today is monday. if that holds true, there's no quick fix. it will take some time in fact, this is the first time ever that the entire pipeline has been shut down there's been par

>> yeah, certain names i would freeport is an interesting name to me for example.alking about the inflation story and being long cyclical commodities for a while. i think frankly the trade is in the late innings and if anything else, yes, commodity prices will continue to go up but we're going to get a sort of reflexive situation where prices will go up, how much can be pushed through and how much does that affect demand at the end of the day. inflation isn't always a good thing when companies can't pass it through to customers and when customer demand falls as a result of higher prices. and we're not just seeing it in copper, we're seeing it in lumber, in chicken, in semis they are leading to higher used car prices for that matter so this is how inflation can bleed through into a lot of different places in an economy even in the absence of the cola wage adjustment and something to be concerned about >> mike, this gets us into the fed debate whether it is transitory or not. when you look at a chart of lu lumber, that could be some lasting inflation, couldn't it >>

alix: does that mean you need to buy freeport to play that?there more intricate ways to play the decarbonization metal steam? -- metals theme? sam: there's a tons -- barbara: there's tons of ways. if you look at ssab, if you look at a company like --, that is going to be the first carbon neutral copper mine in the world. why does that matter? because it is in canada, and canada is in plummeting a carbon tax. when you have a rolling topline and falling cost of capital, because you've got fairfax coming in, etc., you're not going to be slapped with a carbon tax, that is tremendous operating leverage. these are the companies that are winning. it is ironic that in esg, it is contrary into invest in companies that are investing in the future. guy: if the carbon taxes get too high, is that going to be a problem? do using some of these businesses are going to be faced short-term at least with a huge cost burden without a clearly obvious short-term transition they can make to compensate? a lot of this technology coming from the industrials is going to

now let's go to freeport, kansas.ave to do is drive 20 to 30 minutes to get johnson & johnson or moderna. and in an hour, they can get to the third vaccine, pfizer. so the hope is that if americans can see that they have a choice, that even if they're hesitant, maybe they'll roll up the sleeves because they're empowered with this choice. but if states keep sending vaccines back to the federal government, that choice may not be there any longer. the kate? >> yeah. it's one part of that equation to tackle hesitancy. very interesting elizabeth. thanks so much. >>> so alabama is one of those sthats is facing an uphill battle to get people vaccinated. as of now, the state ranks second to last among the states for the total percent of the population vaccinated. only about 25% of the population is fully vaccinated. just two-thirds of the vaccine doses that have been delivered to the state have actually been administered. to help, alabama is turning to one of the states most influential leaders. university of alabama football

steel up 200% in the last year freeport mcmoran up in the last year the game is really played up by the market and those who are trying to diversify the portfolio now are a little late to the game here looking at easy etfs, there is a basket of commodity stock, commodity futures, look at this, straight up. pdbc straight up for the last year at a new high today. again, fully anticipated in commodities as well as the commodity stock area so if you're thinking about diversifying into let's play commodities and let's play inflation, this game has been played for a long time already at the same time, mega cap tech down today, still holding up comparatively well, compared to the more speculative tech route that we've been seeing in the last few weeks and that's because the fundamental guys are really still sticking with mega cap tech because the growth prospects are there and let's face it the multiples are not that bad, 25 times forward earnings for apple is not that bad given the growth prospects and you're not seeing the big guys abandon the stocks. so i think that has a chance of holding

freeport-mcmoran up. the copper market will be in deficit before we get to the end of the year.nue to act as a tailwind for some of the companies. you are also seeing a lot of those inflationary pressures actually worked. of course, everything that has been going on in the oil space with brent crude and nymex crude , conocophillips shares, they are up higher in the premarket by 2.5%. yesterday on the program, we talked about they are looking for any rocks they can find to drill. they are going to see, with the guards to oil prices, continuing to drift higher, as well as some of those in product prices continuing to drift higher as well. tom: we've got gm coming out with david westin here in a bit. give us the filter you see where i see a headline that says gm strength, especially in north america, china, and gm financial. we get back to the recovery of china leading the way. romaine: this is a company not only is able to expand on production, it also has tremendous pricing power in this environment. on top of all of that, you have the perception of innovation that a lot of peopl

. >> freeport. >> dan. >> viacom cbs. >> guy >> new mont. >> thanks for watching fast. "mad money" starts right now >>> my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends, my job is to make you money. call me at 1-800-743-cnbc or tweet me @jimcramer. nasdaq losing .38% it was the tragic att. this morning in what many in the media are calling a blockbuster transformation deal, att said it spinning off timewarner merging with discovery and entertainment. the company gets 43 billion and att shareholders have 71% of the media business, all the commentary about the deal was positive like it was a terrific outcome for all involved i couldn't believe my ears it's not a transformation but the final act in one of the dumbest mergers in recent history, that's right, att's $85 billion acquisition, a deal that closed less than three years ago is impo

commodity is running now and that's bad news for most companies but there are winners, too think freeport the copper company or steel makers like cleveland cliffs or new corp they sell prices and go up and that gives them operating leave rage where it produces a gigantic increase in earnings. there is another company like due mpont even though the company is putting up great numbers, the raw costs are surging, too they can pass the costs on to customers, it's not as good as straightforward inflation winners like the copper plays and steel. finally, you've got the pure inflation losers most businesses fall to this category sadly but some worse than others like kroger or albertsons the margins are so thin any increase in raw cost can be devastating, something goldman sachs pointed out. if you're thinking one out of three ain't bad, remember there are very few stocks in group one, the pure inflation winners and tons of stocks in group three, pure inflation losers and the great tech let's keep it simple look at the beaten down semi conductors demand for chips is off the chart and there is a s

go into i can't blame them if you came into age then, you have no reason to think about alcoa or freeport. what would ever worry about them but the economy is booming now and this is what works during a boom and you have to understand that a boom drives you out of some stocks into the others. i don't care for the oil industry in general. i trust chevron more than any other. i like pioneer natural resources. i can't blame anyone who wants to avoid fossil fuels on prince pill that you have to know why their stocks are roaring here. you need to see these are demand driven, meaning a customer is desperate. then there are infrastructure stocks because we have an infrastructure bill. if you own anything steel, anything that can be used to make steel or move steel or dig holes or take minerals out of the ground, you have a winner. caterpillar is the best bunch. and that acquisition is finally paying off it mining equipment. plus, they make everything you need to build new highways take terrific holds and move a lot of dirt. united rentals has a ton of machines their renting them, hence the name

. >> you have a name, for example, like freeport which is exposed to copper prices positively exposed tell me about that where else you think investors can go if they say my main thesis i'm worried about inflation and i want to know what i can own to protect me from that. >> the whole inflation story today the market, the government, the fed, companies, everyone feels this is a transitory event we can get through it no problem. the reality is, six months from now we'll be in the middle of processing a lot higher prices in everything that you can imagine. and you're going to have to decide at that point whether it's really transitory or not. probably enough evidence that people will be concerned and they're going to look for a name that has a direct link to it copper is one of these all in types of names and goldman sachs did a great piece on copper and f freport is a great example we just don't have enough new mines and we haven't opened enough and it is going to go up. the kind an investor will have to gravitate towards just too cheap and the same is true diamondback on the oil side.

. >> freeport. >> dan. >> viacom cbs. >> guy >> new mont. >> thanks for watching fast.evel the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends, my job is to make you money. call me at 1-800-743-cnbc or tweet me @jimcramer. nasdaq losing .38% it was

well, on a day-to-day basis, sure, i'll tell you exactly, my most recent purchases have been in freeport, union pacific, exxon, british petroleum, united parcel service, fedex, those are my most recent purchases and i'm leaving my semiconductor stocks alone, i'm leaving the nvidia, micron, all alone because i do believe them going forward they are going to semiconductors are going to be a commodity. they aren't part of tech anymore liz: great to have you both, smart discussion here, we always love to put you guys together. thanks so much. crude reality, median gas prices speaking above $3 per gallon yesterday. we're starting to see gasoline pullback but the colonial pipeline, yeah, it is coming back online, but why still the lines? we're going to take you live to the colonial terminal end, the end of that huge pipeline, it's in new jersey and we'll find out right there when to expect the crude to be flowing at full capacity again closing bell ringing in 36 minutes the dow charging ahead by 517 points. the s&p stronger by 1.5% at this hour, or 57 points, don't go away. we made usaa insura

freeport _ opportunity and investment injobs. freeport and so on.y. what i want _ it's always about delivery. what i want them — it's always about delivery. what i want them to take away is we will deliver— want them to take away is we will deliver this. we are committed to delivering — deliver this. we are committed to delivering this. the deliver this. we are committed to delivering this.— delivering this. the expectations have been raised, _ delivering this. the expectations have been raised, what - delivering this. the expectations have been raised, what did - delivering this. the expectations have been raised, what did you i delivering this. the expectations - have been raised, what did you make of it, joanna? ibis have been raised, what did you make of it, joanna? figs! have been raised, what did you make of it. joanna?— of it, joanna? as i said at the beginning. — of it, joanna? as i said at the beginning. if— of it, joanna? as i said at the beginning, if this _ of it, joanna? as i said at the| beginning, if this government of it, joanna? as i

there's an action film for the go to this one place or art is being kept in this freeport.k about one right in new york city. >> yes i went to visit it. basically wealthy people are looking for different places to park their money might hold value. and so you do not want to be all in the stock market have all your eggs in one basket. so art is a fairly stable asset class as they say. they've actually created these free trade zones are one in delaware course delaware being the weak link of all weak links. as one in east harlem that i went to visit. these are buildings that technically are not in the united states. they are in a free zone so people can buy this art as some of these auction house or something, the art actually does not leave this building but the ownership is transferred it is in a stateless form. there is no taxes paid on the purchase of the art. it's another curious way of avoiding responsibility. i'm sure there are things we do not even know about that are similar kinds of gimmicks for dodging taxes. >> we are trying with chuck collins the book the wealth h

zebulun, johnson & johnson within a five-minute drive and now let's take a look at a smaller place, freeport, kansas, population four, chosen, i have to say, one of my teammates grew up there, 20 to 30 minutes away. you can get a johnson & johnson or moderna shot. that's all you have to travel from this teeny, tiny little place, and one hour away, and you can get pfizer. so that really is quite amazing, that even in a place that small, you can get any of those vaccines in an hour drive, and, again, the hope is, is that those who are vaccine hesitant will feel empowered and say i can choose which one i want. 80% of the population lives within a five-mile radius, i can choose, i'm going to learn about them. and i'm going to get the one that i want. ana. >> convenience and accessibility is obviously a part of the equation in getting more people shots in arms. elizabeth cohen, i appreciate it, thank you. let's bring in dr. celine gounder who hosts the epidemic podcast. more and more health experts seem to be getting comfortable with this idea of people taking masks off indoors for those people v

the freeport for instance is nothing new _ freeport for instance is nothing new. used _ freeport foring out and overturning ideology but of course that has been the same _ ideology but of course that has been the same with the conservative government in westminster. who would ever have _ government in westminster. who would ever have thought, not me or gavin, but a _ ever have thought, not me or gavin, but a government under what is a fairly— but a government under what is a fairly right—wing cabinet and under boris _ fairly right—wing cabinet and under borisjohnson was fairly right—wing cabinet and under boris johnson was introduced the furlough — boris johnson was introduced the furlough scheme, the grand scheme for businesses, the 300 billion that has been _ for businesses, the 300 billion that has been borrowed out of necessity, has been borrowed out of necessity, has setting — has been borrowed out of necessity, has setting setting aside of ideology? has setting setting aside of ideoloi ? �* has setting setting aside of ideology?— has setting setting aside of ideoloi ? �* ., .,

kind of a public sort of bilateral partnership for reconstruction particularly around the subic bay freeport zone, which used to be the stupid naval station, and these are both and of course today sort of in 2021 and so issues around vaccine distribution and public health support for for responding to the coronavirus. and these are you know, sort of contentious and political sort of issues in both, you know in for both the philippines and china. and i think that you know, the philippines trades more broadly and throughout throughout asia than it did in the 20th century and you know in sort of the book. my book doesn't really address issues of trade and economics and to the extent that i i wish it could and but you know, it tells i think a similar story could be told that way and i think that you would start to see some some real disjunctions in the 20th century around trade in ways that and you know, just as you do with migration right that that in the early 20th century one of the only places that filipinos migrated was to the united states by the late 20th century filipino migrations our g

you see this big moves up here nucor, schlumberger, halliburton, dow freeport mcmoran up 11%.y story is not necessarily dead just want to point out there is an etf with that infl was just a month on on that whole craze to the inflation story. just off a new high. always an etf or something in the schematics there carl back to you. >> bob, thanks bob pisani let's get to rick. >> you know carl, it is so interesting to really dig down into what you are saying and what bob is saying let me get this straight two weeks ago we settled 10 year note yield at 162. today, we're dribbling down, as you see on the two week chart. we're down at 158. so we're down two basis points we've had just weeks and weeks of closing in the 6160s. and we're not going rate raise rate or taper without months of guidance all of that is creating this rally. i don't buy it i think the reopening trade has a little vinegar left in it. and i think that central banks aren't necessarily the friend of any market these days. but the fact that they are in the driveway warming up the car for us, even though they have