francisco remain unique successful and vibrant so where will you shop & dine in the 49 my name is jim woods i'm the founder of woods beer company and the proprietor of woods copy k open 2 henry adams what makes us unique is that we're reintegrated brooeg the beer and serving that cross the table people are sitting next to the xurpz drinking alongside we're having a lot of ingredient that get there's a lot to do the district of retail shop having that really close connection with the consumer allows us to do exciting things we decided to come to treasure island because we saw it as an amazing opportunity can't be beat the views and real estate that great county starting to develop on treasure island like minded business owners with last week products and want to get on the ground floor a no-brainer for us when you you, you buying local goods made locally our supporting small business those are not created an, an sprinkle scale with all the machines and one person procreating them people are making them by hand as a result more interesting and can't get that of minor or anywhere else and san

francisco remain unique successful and vibrant so where will you shop & dine in the 49 my name is jim woods of woods beer company and the proprietor of woods copy k open 2 henry adams what makes us unique is that we're reintegrated brooeg the beer and serving that cross the table people are sitting next to the xurpz drinking alongside we're having a lot of ingredient that get there's a lot to do the district of retail shop having that really close connection with the consumer allows us to do exciting things we decided to come to treasure island because we saw it as an amazing opportunity can't be beat the views and real estate that great county starting to develop on treasure island like minded business owners with last week products and want to get on the ground floor a no-brainer for us when you you, you buying local goods made locally our supporting small business those are not created an, an sprinkle scale with all the machines and one person procreating them people are making them by hand as a result more interesting and can't get that of minor or anywhere else and san francisco a hot

francisco remain unique successful and vibrant so where will you shop & dine in the 49 my name is jim woodsoods copy k open 2 henry adams what makes us unique is that we're reintegrated brooeg the beer and serving that cross the table people are sitting next to the xurpz drinking alongside we're having a lot of ingredient that get there's a lot to do the district of retail shop having that really close connection with the consumer allows us to do exciting things we decided to come to treasure island because we saw it as an amazing opportunity can't be beat the views and real estate that great county starting to develop on treasure island like minded business owners with last week products and want to get on the ground floor a no-brainer for us when you you, you buying local goods made locally our supporting small business those are not created an, an sprinkle scale with all the machines and one person procreating them people are making them by hand as a result more interesting and can't get that of minor or anywhere else and san francisco a hot bed for local manufacturing in support that is

fear that they will say you know what we can't justify it >> well, clearly not the only ones jim kathy woodsasdaq which looks like it is going to get lucid as they tweet a few moments ago about the spac merger. i think the ticker symbol under lucid is going to be -- i lost it here. l lcid following the plan merge we are cciv between that and fisker and tesla and ford lightning f 150 there is a ton of news in the ev space. >> ford with biden will be there. the electric f-150 tesla, tesla stock has become a -- a -- a -- a bad stock how about that. >> a bad stock. >> well after being unbelievable good >> -- >> -- 20e percent if year. >> what have you done for me lately -- mistake i think musk deserves a little better he's created huge amount of value. he's okay in my book fisker, they are gonna -- they made i think couple how to >> not bad couple thousand. >> 22 thousand -- 62,000 >> i notice d a k on our screen last night, jim. >> they are pre revenue. dave, what do you think about pre revenue companies? >> i think you have to be careful. certain environments they work and lot of the spac, com

but in this environment, it is another company that loses a lot of money >> well, jim, you mentioned cathie wood weighing in on inflation, at the webinar yesterday, she said she would be surprised if oil got to 70, it's really not that far away at this point, but she talked about the degree to which technology in particular will continue to add to the deflationary environment, we've seen really for decades. here's what she said. >> i'm sure that the markets will continue to grapple with inflation. now, we believe the arms of deflation have actually gone up in this period a few reasons. the technologies and the innovation around which we have centered all of our research and investing is rife with examples of the deflationary undertones that global economy is facing. now, the kind of deflation we're talking about, this innovation-based deflation, that is very good deflation it's associated with very strong unit growth. >> so jim, the kinds of things she's talking about, you can obviously see in long-term trends on the cost of say financial services, and payments, but she's also talking about a se

woods anytime soon, i am afraid. >> how serious is this political for prime minister near jim modi? -- modi? >> he positions himself as a man who can govern and has very good policies, but basically his mishandling of this crisis, and one could say that non-handling of the crisis has really shown that the entire facade of governance and the image is a decive leader who takes actions to protect the population whose rhetoric is very much about personal responsibility he takes to protect the population, that credibility has taken a massive hit, and it seems very difficult at the moment how he is going to recover that credibility. obviously we help the pandemic does not go on forever, so there ll be time to deflect on and to recover, bu even from within his own party, and obviously in the election results, especially in bengal, not so much in other states, there is a reflection of the public disaffection with his handling of the crisis. >> army intervention clearly is a good thing that is happening, international aid is a great sign, but india is a country that produces vaccines that get exporte

he would consider that unimpressive he asked me about cathie wood, the money manager and been struggling reverend jim of what is happening now got tesla right. he'd question if that is enough. for the people, she noticed she's from the church of what is happening then not as good as the church of what is happening now that brings us to crypto currency i can just imagine him asking me up front isn't that one big phony, cramer? the truth is i got lucky because i literally forgot i owned it and needed cash to buy a farm and i told him the dirty truth when it comes to the younger generation, nobody cares about stocks but crypto. there are lots of young operators that do nothing but trade various crypto kerr run s -- currencies and making it with borrowed money. that will end badly, i reserve jud judgment it probably will but who cares what doesn't mean it will be soon and you can miss out on big gains and boy, would that ever be me? every day some new crypto currency turns it into an asset and you have people like mike no regrets. i see him periodically and anthony who makes these things sound incredibly

. >> and she has a few of those stay-at-home winners teladoc, peloton jim cramer tweeting out when cathie woodwho is down three touchdowns at the half and says now we have them where we want them. so it is a positive spin no doubt on the situation for her funds and for her stocks but her point about the broadening out, i guess it is valid because on the days where per stocks and her funds were getting hit the hardest, the dow was hitting record highs the question is does that eventually translate over into the high growth and momentum names that she likes as well >> exactly so you've had a few months where you have had cyclical and value stocks really rising and driving the market higher. and you have basically the secular growth stories that are taking a back seat the big question is, what is to say that very soon it will revert back to those ark style stocks we don't know. it is pure truth in advertising, it is very transparent what she owns so not as if there is any sleight of hand. that is the big belt that the firm has made, the question is it going to the money again. >> and another way

ceo of salesforce, hp and gap, outstanding lineup, once again this week for jim, "mad money" 6:00 p.m. eastern >> kathy woodsbell" comes back ds on car insurance and a whole lot more? cool. so what are you waiting for? mckayla maroney to get your frisbee off the roof? i'll get it. ♪ (upbeat music) ♪ ♪ ♪ whoa. here you go. (in unison) thank you mckayla! dude, get it. i'm not getting it, you get it. you threw it. it's your frisbee. geico. switch today and see all the ways you could save. cal: our confident forever plan is possible with a cfp® professional. a cfp® professional can help you build a complete financial plan. visit letsmakeaplan.org to find your cfp® professional. ♪♪ with a bang. visit letsmakeaplan.org toenergy and change came tonal. every part of our universe. seismic or small it continues. (♪ ♪) change is all around us. (♪ ♪) shaped by technology and human ingenuity. we can make it work for you, and your business. let there be change. accenture. >>> coindesk consensus 2021 virtual event airing tonight, and investors will be closely watching ark invest ceo cathie wood. >> she's closely followed o

jim button ah fantasy worlds featuring tim button and luke, the engine driver with kings who sell ice cream with giant seeming characters and half dragons. a world full of little celebrities made of wood broadcast on television in 953. ok. quite down. i don't know if we can get scared if you keep asking so many questions, it's kind of can't even talk yet one way. 10 strings would material some glue. all that's needed to make your speed as if he didn't play a lot with the head strings in the front using our middle and index. fingers hung, we have to have flexible wrist so that we don't have to change our grid each time the proper turn saves. i don't know if these are special pop into your hands. ah, close martial is the 3rd generation of puppeteer is to run the theatre. he explains that a story has to be told slowly, so the audience can picture the characters in their mind and bring the puppets to life. busy busy busy busy after the 2nd world war, his grandfather volunteered, applied to the work municipal authorities for permission to run a puppet theater. it opened in a former hospital in 1948. busy busy there were 5 to 7 years standing above the public and the speaker below in the pi

jim button. ah ascentis the world featuring tim button and luke the engine driver with kings who fell ice cream with giant seeming characters and half dragons. a world full of little celebrities made of wood broadcast on television in 953. ok. quite down. as i don't know, if we can get scared, if you keep asking somebody questions, you can't even talk yet, want to wait 10 strings would material some glue. all that's needed to make a puppet, your speed as if you with them for play a lot with the head strings at the front, using our middle and index fingers. and we have to have flexible wrist so that we don't have to change our grid each time the proper turn size is listen, i don't know if these are special pop into your hands and, ah, close martial is the 3rd generation of puppeteer to run the theatre he explains, the story has to be told slowly, so the audience can picture the characters in their mind and bring the puppets to life the. busy busy busy busy busy after the 2nd world war, his grandfather volta emission, applied to the ellsworth municipal authorities for permission to run a puppet theater. it opened in a former hospital in 1948. busy busy there were 5 to 7 years standing above

why ark's cathie wood is blaming elon musk and esg investors for the recent decline carl >> certainly no declines in some of these meme names, jim, which i know you've been vocal about on twitter it's not just gamestop and amc, beyond meat is now being thrown in the mix how does this color the overall market >> look, i think that the meme stocks have to broaden out i think one of the things that has hurt the theme of the meme is that they just play with two stocks, they go after gamestop, and we're waiting obviously for the savior, ryan cohen, he has been a bit of a goodow character, and amc, adam aron could take advantage of it and do a $2 billion convert, we be a fool not to and raise $2 billion and get rid of high cost debt. so there's a solution there. and beyond meat's got a huge deal, with mcdonald's and kfc. kfc china david is going to be gigantic for ethan brown so those who are criticizing me for this, do not understand that this service, the cafeterias, have been closed, and i think that stock is ready to roll. >> i know, but you're talking about that one based on your actual fundamentals. based on an acceleration of g

italian, which jim, but as adam rainy reports from dante's, home town of florence, efforts now and away to clear his name or in the middle of our life's journey. i found myself in a dark wood so, so begins dante, epic poem, the divine comedy, an illusion perhaps whose exile from his beloved florence, vanished and condemned to death for corruption while serving a brief term and public office. dante spent the last years of his life trying to get back home and riding one of the world's greatest works of literature down to god. so many things found in the divine comedy of founding today's world as well. not just on a personal level but a political one too. though he died, a convicted criminal, few other floor in time to occupy such a high place in the cities pantheon of heroes. the truth is, many people who come here to florence to pay homage to dante, don't even know he was exiled and later sentenced to death. and those who do know that don't really care if he was guilty or not. and even now, during the pandemic, hundreds of people are coming here like this, place his childhood home to see what his life may have been like. 700 years after his death. though dante still has a c

jim cramer said the deal was three years in the making now ywho buys whom? >>> amazon jeff bezos wants james bond as amazon goes after mgm. >>> ark investors and cathie wood losing gains? >>> and now michael burry has a target in his sights we will tell you who on this busy tuesday, may 18th this is "worldwide exchange. ♪ >>> good morning, good afternoon or good evening. welcome from wherever in the world you are watching i'm brian sullivan thank you for joining us on this busy tuesday let's get to the markets and your money futureses are higher across the board. nasdaq is looking particularly strong nasdaq futures up 100. nasdaq futures up more than no, ma'am nominally. teq tech is going to be something to watch. from a data perspective, not a lot. two building and housing points today. building permits and housing starts after that blowout housing number yesterday all if n all, a mellow market monday half up and half down. #math. the big moves were in crypto many got slammed bitcoin was nearly $65,000 about a month ago. it is higher ow, b below $45,000. fell off $20,000 in bitcoin in the last month or so i think scott's call about two months on this very progr

with jim cramer and david faber red cross asia and europe and now here at home more talk of inflation china ppi up 68 runs hot tesla tumbles about 7%. >> plus the woodstocks tumble. cathie wood's ark etf hitting a new low. and pipeline pressures with much of the colonial pipeline on the east coast still shut down, prices of the pump are nearing $3 a gallon. that would be the highest since 2014. >> yeah. we're going talk about gas demand, especially on the east coast. the open is the focus of discussion this morning. friday we got the jobs number. we got the brief respite for tech and you said it would be short-lived and it has been. >> these stocks are -- i don't want to say they are all poison, but they are so sensitive. yesterday the city downgraded couple of advertise related faang names was incredible didn't hold up under close scrutiny versus trade disney this morning whisper numbers, substantially higher that's a woodst stock the great closing trade is going on we have the opening trade. how about the closing trade. well it's closing and it's closing quick. >> does it close out and give -- >> no i like tj, no it is a close, like a coffin >> that's terrible. >> okay. it i

woods but the fear gate says otherwise. something you keep an eye on but i expect the days going into memorial day to be seasonably strong david in arizona, david? >> caller: hi, jimyou for taking my call. >> quite welcome. >> caller: the stock i want your perspective on is ticker symbol u. unity reported last week on the earning and guided revenue growth higher for the year however, it appears that there is a sector rotation out of tech and growth stocks. unity has fallen from $175 a share and been trading in the high 70s should i add uppity to my portfolio? >> that's a woodstock. cathie wood has been buying it her erkft is strong this crazy market might allow that company to do well because cathie is buying it. that seems strange the market is buying it as you quite correctly said doesn't like these stocks. that said, it has the wood blessing for a couple days probably goes higher buckle up, tonight's chart shows we could be in for a little trouble. the market could test new lows but that, the carnage will likely be over by july now much more "mad money" ahead. could diamonds be an investor's best friend? i'm sitting down with the ceo of significant that to find

>> to your point, jim, about the difference between people's long-standing believers about the trend versus what is happening to the price shorter term, it's something that cathie wood brought up on her appearance on "closing bell" friday and kind of ties in with the general sentiment. take a look at what she said. >> i love this setup you know, the last time i was on, i think i said that this rotation was good news, because it meant the bull market was broadening out it was strengthening and the worst thing that could have happened to us is to have the market narrowly focus on just the innovation space, and instead, it has broadened out, so that year to date, i think it's energy is up 40%, financials are up 27%. our point of view, five-year time horizon, nothing has changed except the price >> jim, does that speak to you >> nothing has changed except the price. i listened to the interview which was quite good, and thought about the head coach for a southern nfl team, who at half time was down 21-0, and he started his speech to his team saying we've got them just where we want them and i remember, why did you say that i don't know it is the most stupid thing you cou

a lot more to it we talked to darren woods of course many times about it recently and hope to talk to him later today if we can after the vote is tallied, but jimyou know, we'll just have to wait and see if they get any, and even more than one perhaps >> look, usually when you have these proxy contests and they want retail, they come on mapz, almost everybody has come on "mad money," because that's where the retail investor sees it, and i actually frankly question the seriousness of this, but i will say this, david. if you had to nominate a board of distinguished skexecutives wo might be willing to listen to almost radical esg, it is this board. darren woods does not control this board. >> you think it's the current board? let's not forget of course angelakis came on the board beginning of march after d.e. shaw did not mount an activist campaign and did not settle and it is a serious board to say the least. and the contention of engine one, there's not enough energy experience and not enough climate transition experience on this board, and certainly i know there has been support for greg goff who many believe would be a good director given his

becky we are watching kathy woods arc innovation etf today it is now dropping to its lowest levels since november. i want to get straight over to headquarters and talk to jimt is going to tell you what's going to happen. i think there will be a bottoming out of the ones that aren't really affected by the highest multiple to sales, which is an arc innovation and also pcs, a very good piece about how pcs have peaked. stocre down soh at the opening. but you can't in these companies that were just driven by momentum think about what happened to that stock over this period. it's just been swept away and announced revenues that i bought for very unimpressive. you are focuses on tesla there i think that's another one a classically positive memorial day trade believe it or not but we know we're very far from memorial trade tesla could bottom anything could bottom today. one thing i would caution is the weakness is in the pc and high multiple to sales and the people who are shooting against woodstock. >> but if you are an owner of arc, are you selling arc oar thinks there is an opportunity to buy into ark? >> i think the people who have a five year horizon and thos