. >> melissa, those hit a fresh all-time high but trading down half a percent lisa ellis at move fathanson said the reason it changed course was that payment volume growth was softer than expected. darrell peller, wolf research, says, look, expectations were so high it will trade up higher visa is up it is move beyond traditional card payments and into wallets t ceo said that visa is extending the partnership with morgan chase until 2029 he suggested that deal signings in europe is up. that should be positive for the company. lisa ellis is looking for color on visa direct, the new push payment product powering services like venmo and huber driver cashouts. she say it is a big future growth driver. darryn peller is looking for july spending and cross border trends, pricing opportunities and incremental partnerships in developing markets bon analysts, lisa and darren, said it is still early days, don't expect executives to say much on the call back to you. >> thank you, deidre bosa. karen, thoughts? >> i am long mastercard so it will be similar dynamics i think they're both priced for

let's bring in lisa ellis, senior manager at moffatt.irst of all, do you think libra will ever exist? do you think it will be aloud by the u.s. government? >> we put the probability of that on reasonably low if you define success as libra gets off the ground and is used as a functioning alternative currency in, say, ten developing markets where they suffer from very high inflation, we probably would, you know, just to put a number on it put the probability of getting there at probably less than 20%. certainly the time frame measured in years, you know, three, five or more years. >> wow! so don't -- you can own facebook but don't buy facebook because of libra or calibra, its parent? >> i think that's right. there's a huge opportunity in facebook for ecommerce using the normal old fiat currency types, you know, through instagram and what they're starting to do with instagram checkout, there facebook marketplace and extending the early initiatives they've got around ecommerce that is certainly a reason to be bullish about facebook, but, you

. >> you did the right thing i've been reading a lot of lisa ellis. she's the best payment person. we both love g.p. and the moving average going to give you a chance to buy more why? because that franchise is so solid and i welcome them back on the show, please they have been doing a lot of good the fed gave us what we expected for heaven sake but somehow traders were disappointed so they panicked. that's the opportunity for you as always but when they go to trade it, apple. "mad money" tonight, the president talked about infrastructure spending and a lot of talk and not a lot of action how is martin marietta able to post strong results? when he have to ask the ceo. you have to be causous in the cannabis base and my breakup break down continues, i'm eyeing contour brands my view on it is going to shock you so stay with cramer. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer #madtweets. send jim an email or give us a call at 0043-cc.18-7nb miss something head to madmoney.cnbc.com. do you have concerns about mild memory lo

i think it's crystal clear they did need to do this deal if they wanted to start greeg it as lisa ellisut it in her piece this morning ibm second quarter '19 just in time red hat enters as cloud growth sputters players in the other space continue to do just fine they needed to change of direction and that's what red hat gives them that's why i think it's earning for this nice day. bottom line, next time you hear that ibm overpaid for red hat, you remember what i just told you. you remember that the whole cloud cohort has been on fire and ibm needed to do this deal if anything, i think they could afford to pay more that's how viable it is to have white hearst running the business for them. finally ibm can return to growth mode and that's definitely worth $34 billion. i have to tell you, i think the stock is put in a bottom i think the stock is buy, buy, buy. susan in texas susan. >> caller: hey, jim, thank you for taking my call and all that you do for us home gamers. i have so much learned >> thank you >> caller: and i enjoy listening to your interviews >> thank you >> caller: in februa

morgan stanley says everything was good i happen to like the work lisa ellis is doing she says the reasonown is their actual cloud business, which she says it was up 24% in 2017. then in 2018, it was up 12%. this time, it was only up 5% so that's a huge deceleration. and people who want to own this thing because of the cloud but here's the good side red hat. and red hat -- maybe red hat is the cavalry. is it custer, david? or is it the searchers i think the searchers is the best of all those movies >> they had some revenue growth for a brief period in '18. now it's abated again and it's negative people thought they were going to outpace the legacy. >> the technical group -- the group that does steering, just not doing that well. but i don't think it's where every man dead or alive has to do his part. i think when jim whitehurst comes in, people are going to be surprised positively i don't think she's ever slept a night. she works every single night >> i think she joined us briefly on the closing bell yesterday. >> did she use a lot of visine she's amazing. she's an engine. >> we have an o

talking about alibaba, a square winner, there is a piece by lisa ellis talking about square being a winnerause of their venmo-like product so, i mean, we have got these companies that people are -- david, you talk about towers, later, i hope. >> we talk about it on -- what day was that wednesday? >> expensive stocks. >> yeah, they are. >> so, i mean, against them, we have got the banks, 12 times earnings, a lot of retailers, nine, ten. so i find that the call really makes sense, but nobody has research on all the companies that have come public in last four weeks and they are so loved. today, crowd strike. everybody loves crowd strike i defy people to tell me what crowd strike does. david. >> cybersecurity >> wow. >> then again, semantic gets a $28 bid from broadcom. >> it may. you say 28, sorry -- >> they should halt trading. it is crazy. >> i hope to reach a deal with -- >> it is expensive but they have revenues >> yes. >> that's the difference between 1999 where you had lots of companies and no revenue. >> jim mentions the banks. the german banks,s th s thbanks restructuring plan moves