does it matter that capitalism, the law of the land, not to this ftc, not to lina khan. n administration doesn't seem to have a problem with khan. presumably they could rein her h.e.r. in if they wanted to. they must like the way she thinks. fortunately the judiciary hasn't gone crazy. so they have overruled khan's ftc in some cases but fighting them in court makes the whole process of merging a lot more complicated the ftc stands to have a huge chilling effect. and that is bad i would contend not just for business but for everyone. i like to say there's always a bull market somewhere and i promise to try to find it just for you right here on "mad money" i'm jim cramer. see you tomorrow. "last call" starts now. >>> right now on last call, doubling down controversy around the israel-hamas. stomach uaw strike hitting the automakers and profitable plants. the union leader at the center will join us. stomach a knockout blow for sam bankman-fried? caroline ellison rubbing her explosive testimony, the lead prosecutor who took down bernie made off with a reaction. the end of pow

as long as lina khan remains at the ftc, you won't get the mergers that you want.ou cut out the extraneous things, say, at goldman, you could do well, and bank of america is very cheap. that historically has not been because the regulators are still in charge of the banks. i don't like the banks. i look at -- you look at huntington bank shares. look at key. key is 7.7 with gorman who's running it and he's a fantastic ceo. he's done a great job. key dominates its areas in cleveland, and it doesn't matter. now, how could that be? 7.8% yield. first horizon was not able to complete a $25 bid from td because of problems with td, and the stock's at $10. i mean, i justice think these regionals -- someone calls on the lightning round and says, what do you think of these regionals? i don't know what makes them higher. >> and that comes from someone who would hike rates on november 1. >> yes, i would. i'm with powell. you raised the issue, don't i want higher gross margins? for our viewers, yes, but i do fret about the working person because a 4% increase is gigantic for the

>> they think they're going to outlast lina khan and they're tnkably right.> thanks for having me. >> "squawk box" will be right back. >>> this cnbc program is sponsored by truist securities. experience expertise execution. meet gold bond daily healing. a powerhouse lotion that moisturizes, heals, and smooths dry skin. with 7 moisturizers & 3 vitamins. and... new gold bond healing sensitive. clinically shown to heal & moisturize dry, sensitive skin. gold bond. ever since she was a little ki, all maría wanted to do was bak. i'm maría alvarez, owner of maría's cakes. and i'm axel, proud to be her state farm agent. her baking superpowers have brought sweetness to our community. i make delicious cakes to make special occasions even better. maría doesn't just bake; she also creates opportunities. small businesses like maría's, open doors for communities to thrive. support your community. support small business. >>> good morning. futures in the green so far. the countdown is on for the next big report on inflation. the consumer price index. we'll get that data, wha

if you look at everything from gary gensler at the sec to lina khan at the ftc, i mean, these are someople controlling the economic agenda in this country. and, or you know, a war is not going to, you know, is not going to -- rachel: stop them. [laughter] >> they're going to be left, you know, that's what we're facing now. now, we should point out even if there wasn't a far-left agenda in the white house economically, crude oil prices, the futures would rise, and they would rise because they always trade off or trade up on uncertainty, global uncertain the city involving the oil markets, particularly as it impacts the middle east. but this is worse because this is not just a freakout of a bunch of traders. i mean, we do have policy in this country that says don't drill for oil. we have stuff like esg that is pushed on to oil companies, exxonmobil and them and all of them, essentially to scale back on drilling to, you know, put money into sustainable energy sources when, you know, that's a future thing. it's not present. so put all that together, and you're going to get inflation here w

i'm poking fun at lina khan. she is the head of the ftc.ack to the fact that when you read these things, people love amazon. so don't break it up. it's loved by all who use it. here is the bottom line. even the best footwear and apparel place might struggle in this tough environment. but the offprice retailers work in a world where consumers are feeling the pinch from inflation and also radically higher interest rates. nike is out for me, is good. and tjx is definitely good. and amazon. we'll learn what teens prefer in food, restaurants and entertainment. it's going to blow you away, and it's not what you think. "mad money" is back after the break. >> hallelujah! >>> coming up, cramer continues to hunt for where gen z is moving the market to. the young money favorites that could help keep you current, next. hi, my name is damion clark. and if you have both medicare and medicaid, i have some really encouraging news that you'll definitely want to hear. depending on the plans available in your area, you may be eligible to get extra benefits wi

what's coterra's -- >> i might be able to judge whether lina khan will go after this just to destroyhe time value of money. she probably understands that even. >> woods was asked about that and said 15% of permian production is basically not -- >> all of her writings have nothing to do with this. she says, rich people do really well. she'll say that's a misquote. i don't give a damn. she says mergers favor the rich and they're bad for the poor. she's kind of robinhood, but not the stock, which is awful. >> bending the cost curve, as they believe they can, applying their technology to all the pioneers that that will be a benefit to consumers. so, they already have their pitch to d.c. my guess is -- and i think they believe -- that they will not get a serious opposition. >> jonathan kanter would never get -- he's a legitimate guy and a heavyweight right now. when you voted for biden, you got conned. let's not, like, mince words. khan's anti-corporate. she's an agency person. >> every opportunity to just come back to khan. >> i've missed opportunities and i regret that. >> really? reall

. >> i think that, you know, obviously, president biden wouldn't have picked lina khan if he didn't thinkhat's the right way to go. and by the way, it is absolutely true that shareholders benefit from takeovers. but when did it ever happen and said that shareholders aren't supposed to benefit? by the way, can i just tell them that the combination between exxon and pioneer gives them 15%, but rockefeller had 100%, and that is heavily concentrated. >> we'll get cramer's "mad dash," countdown to the opening bell on an eventful friday morning as we kick off q3 earnings season in force. futures are positive here. we'll get the opening bell in ten minutes with blackrock's larry fink still on deck. (♪♪) it's inspiring to work at a place where our patients succeed. and where we as therapists do, too. with great benefits from principal, our clinic shows they truly care about us. (♪♪) >>> time for cramer's "mad dash" as we count down to the opening bell. >> we always get caught up in the banks, and that's right, the big ones, but we ought to focus time on united health. united health is the biggest

by the way, you could argue that lina khan's case against amazon, and suggests that you're living insidetly challenged insofar as very technically, it is much easier for me to go from google to bing or amazon walmart than it is for me to go from that store across the street to the other store. i bhmay not want to, but this i like -- technically, super simple. the fact that people don't do it, who's fault is that? >> yeah, i think that is the core of the defense. but i think that the tech companies have been very smart nun in understanding, if you set up absolute walls, if you have contractual restrictions, you'll lose in court and make people mad. it does depend on this idea, the illusion of choice. and i feel like they know this. it's a strategy. >> but is it an illusion or is it real. i think i can go from google to bing pretty quick if i want. i may not remember to. >> you could technically change your bank, for example. how often do you actually do it? you know what i mean? >> but the point of -- for changing a bank account, from one bank to another and going from google to bing are

. >> is the private sector -- do you think that lina khan and her appointment has been a positive thinghat is a big philosophical question. >> what do you think? guilty until proven innocent, but for every -- it's a new way of thinking about things. throw so much up against the wall, maybe someday you win a case. >> i think again, what needs to happen, i think it is happening, that deterrence effect if that's what you want to call it gets weakened if you bring too many cases and lose them. >> a negative, even though she's -- >> so i think we're at one of those moments. i think we're at one of those moments where the deterrence effect is changing. >> peter orszag and the new head of -- we're not even talking about omb anymore, it's over. lazard is it. >> there we go! and you want to pay attention to this next store y, peter, you'ra birken stock guy. >> you owned a pair, right? >> by the way, they're now fashionable. >> when i owned them they weren't. when i owned them they were not fashi fashionable. >> they are fashionable in boulder in the '70s. breaking news, yep, i've given it away,

lower price if they're jacking the price on all of the other sites to create the lower price and lina khant amazon has the lowest price and third parties are willing to have higher prices elsewhere suggests amazon has a unique market power because you want to be at amazon over all of the other places. it is actually -- >> a convoluted argument. >> it is one of the -- i think it is a unique argument, but to me it is one of the few demonstrations of the power that amazon appears to have, which is that third parties are willing and happy or happier to have their stuff on amazon at a lower price than they are anywhere else and that is -- >> it is a market you don't want to miss. that's a clear argument. you would say the same for walmart or -- >> no, because that's the -- well, the point of this is that if you're willing to have a higher price on walmart.com or target.com so you can be on amazon, it means amazon does have the power. >> i mean in the stores. in a walmart store, they always talked about everyday low prices. pretty brutal on their suppliers to say you are going to have the lowest

. >> especially with the regulator like lina khan. >> big is bad. >> they throw everything at the wall. >> is that right or wrong? >> wrong. >> there have been deals that have been wrong. clearly, there is overlap in this context. >> yeah. >> a couple of things for shareholders. they are holding a conference call at 7:30 a.m. eastern time this morning. they are planning on taking all of the cash they are not using on the deal and giving back to shareholders. they will increase the share buybacks by $2.5 billion to $20 billion a year. come january, they will talking creasing dividend per share by8% to $1.63 a share. that is what they are doing with the increased cash. the company points out and mike wirth says the free cash will double by 2027 with this deal. they are looking at this positively. this has been going for more than six months. >> 8.6% yield. >> mike said they have increased their dividend per share by 6% annually year over year. that is double competitors in the market. that's what they are doing with the cash they are not using on this deal with theall stock deal. >> was