joining us is jim mccormick. jim, great to have you with us. welcome to the show.ers coming through and a little bit of a mixed bag so far in terms of what we heard from credit suisse, deutsche bank and santander. in your macro view, what is the earnings season telling you so far about the state of global growth? jim: i think there is obviously a lot of noise. you have to pick your spots. i think of two things that stand out to me are firstly, those companies with a lot of global industry exposure are struggling. we saw that obviously in the caterpillar numbers last week. what you would expect. i think the story particularly in the u.s. is one of declining margins. we have not seen margin decline in quite some time. a world war i ages are increasing at inflation isn't, it has to get somewhere. nejra: margins is what is in focus for you. the guidance is what a lot of people are looking for in 2020 in terms of whether of the optimism we have seen over the past month or so will bear out into 2020. that brings me onto negative yields. we were looking at august. we had

back to jim mccormick. looking through v.w.n terms of reading through the numbers here, the economic slump in europe and the unprecedent auto slump in china, how concerned are you about europe an china? there is a link between the two. we are seeing the impact on carmakers. >> i think this is telling us a lot on what has happened. when you look back on 2019, one of the most interesting around important stories is this unique weakness in german industry. two reasons for it. they are under some pressure and the trade war. i think this unique weakness in german industry has been a bad thing for most of the past two years but it could turn into a good thing because we have been waiting for years for germany to start focusing on fiscal policy. we are getting there. something close to 1% of miscal stimulus coming from germany -- fiscal stimulus coming from germany. nejra: peek who speak to policy make ergs there, the message they get is a lot of germany doesn't think fiscal stimulus is needed yet. how much longer might we have to wai

mccormick better. let's go to charles in connecticut, charles >> hi, jim. >> vodafone. >> too risky it has had a very bigit won't support it. william in maryland? >> caller: hey, jim. boo-yah to you. >> boo-yah >> caller: i'm interested in novacore, nvcr >> the stock came down a little bit, ran a little too much i like nova cure i think it really belongs in a portfolio. i think it's a good one. how about we go to chris in ohio chris? >> mr. cramer? >> yes >> caller: how you >> i'm good. how you? >> caller: very good, thank you. thanks for taking my call. my question is about the edge computing cloud perform. i bought in for around since the august stock rotation. and i'm just wondering whether i should hold on to it or do you see it bouncing back >> i wish -- i don't know the number between fastly and will from the tight end i think he is ir so i'm going to have to do more homework, because fastly is just something i'm slowly on. let's go to phil in new jersey phil >> caller: boo-yah, dr. cramer. >> governor phil, how are you doing? >> caller: i'm doing good. not dealing with amazon. other than that. i h