. >> yes, we really like the midstream part of the energy complex. the backdrop is for the last eight years we've seen increase in u.s. oil and natural gas supply. that the increase in supply is creating a need for additional infrastructure. we think that infrastructure is the sweet part of today's market. we're buying investments there offering significant growth and yield and participating in what we think is the middle innings of a build-out. >> hold on, gentlemen, we have to go to some breaking news. rick, how did the two-year note auction go? >> i was going to give this baby a "b" until i had the last piece of the puzzle. the directs came in at 12.1. that's the weakest in about a year -- more than a year, june of '13. and that's an important category. 29 billion two-years they priced at 53 basis points, a bit side of -- 348, bid to cover, that's better than ten auction average, close to 40 on indirect better. like i said, the directs are on the weak side, but we give it a c. tomorrow, of course we'll be coming back with 5s and 7s, i would be ver

access midstream has been a gigantic and look, when the stock was in the 20s, it's at 60. have no regrets. that's been a huge win. i do like williams more here. all right? now when a company like kinder morgan announces a mega deal that's your cue to dig deeper into the mlp group. i think there's plenty more deals and my favorites are enterprise product partners, by a long shot. energy transfer equity and then atlas energy. there is still more "mad money" on ahead. investors were naming their open price to get out of priceline, but that was the time to hop aboard. what happen? >>> and then worried about a looming correction, make sure you're protected when we play diversified and your lightning round is coming up. we needed 30 new hires for our call center. i'm spending too much time hiring and not enough time in my kitchen. [ female announcer ] need to hire fast? go to ziprecruiter.com and post your job to over 30 of the web's leading job boards with a single click; then simply select the best candidates from one easy to review list. you put up one post and the next day y

and stopping or changing projects midstream is not easy. people cannot quickly see the environment recover, and the economic effects are negative. those are some of the issues the xi regime is juggling. daisuke azuma, nhk world, lanzhou. >>> some rice farmers in northeastern japan had to stop exporting their produce after the nuclear accident in 2011. now they're shipping once more, and people in singapore are getting the first taste. officials with the japanese agricultural association convinced singapore authorities that rice from fukushima prefecture is safe. staff at a japanese-run supermarket put bags of one brand on their shelves. they also put up a notice explaining how the rice was checked for radioactivity. still, some customers said they're concerned. the store managers said they don't need to worry. >> our mission in singapore, sell delicious japanese food to the singapore market. >> officials with the japanese agricultural association are talking with authorities in other countries. they hope to see fukushima rice on a lot more

treatments work for mlps, but also keep in mind they would now have a huge private sector, this midstreame able to now expand our u.s. energy infrastructure. which is more important? i think the government sees a small amount of that tax is not being paid. i think it's outweighed by the fact that this oil and gas boom is taking place and the infrastructure now is being built by a very large private sector like the kinder morgans of the world. >> the jones act, you know. >> exactly. >> the jones act probably -- >> with regard to exports? >> yes. and i think that's what, obviously, kmi and others are setting up for. >> sure. >> to get, yeah, to get -- >> consolidating in this space so this can be the next big wave and they're positioned for it. quick last word, dom or lee? >> you have the crude exports as welcoming down the line. >> this industry is positioned for an incredible spurt of growth, and i think that's what they're doing, they're strengthening. you know, there is a tremendous demand for pipeline infrastructure. >> sure. >> this boom, you know, which kinder morgan was early to see

presented her case to the council member sparking a fiery response from churkin we meet today in midstream or one of the separatist leaders that russia has armed and backed said openly that three or four thousand russian soldiers have joined their cause he was quick to clarify that these soldiers were on vacation but a russian soldier who chooses to fight in ukraine on his summer break is still a russian soldier yet still according to the russian government the soldiers were never there. in the years no one is hiding the fact that they are russian volunteers in ukraine we would like to see similar transparency shown by other countries maybe our american colleagues can tell us what does and the very advisors are doing in the building of ukraine security council or how many so-called mercenaries from their so-called military enterprises a regional war thousands of kilometers away from their land where did the ukrainian security forces get the code a huge american weapons. the foreign press association in london has become the latest organization to call for the release of a russian journalis

so unclear why this ride stopped, but in midstream there are 24 people aboard this ride. all safe and they're all strapped in, but you can also see from these live pictures from our affiliate in the d.c. area, six flags is in upper marlboro. you can see there are some rescue folks who are walks on the tack. and we don't know exactly what's taking place. we're told they're all secure and safe but we're going to continue to watch the developments there from these live pictures from wjla in prince george's, maryland, on that ride. >>> all right. back in georgia now, remember that georgia toddler who died in a hot car earlier this summer? the father is behind bars facing murder charges. well now we're hearing the first words from his wife, what she's saying next. but first let's talk about connecticut. it is the wealthiest state but has one of the widest income gaps. they're fighting on the streets of hartford with help from some unlikely friends. >> it's tough. it's tough growing up here. it's so easy to take the wrong path. i was walking aushlgd with a lot on my shoulders a

. >> caller: i'm getting mixed signals on mmp, ma ggellan midstream partners. lower oil prices and -- >> mmp is a really terrific situation. that's a great growth situation. i would not back away from that. okay. 3 1/4 yield. people think rates are going to go higher. maybe you wait and buy some here and then you buy some more. that is a terrific situation. corey in california. >> caller: boo-yah, mr. cramer. how are you doing? >> all right. how are you? >> caller: great. thank you. long-term investment. >> you said the key word, long term. nothing is going to happen short term. sprint did not have a great quarter. people feel there has to be a deal. if there's a deal the stock goes higher. if there's no deal, the rush is not going to go higher. that is not going to happen overnight. that, ladies and gentlemen, concludes the lightning round. >> announcer: the lightning round is sponsored by t.d. ameritrade. ♪ but then, one day, he noticed that everybody could have a magic seashell. [ indistinct talking ] [ male announcer ] right there in their trading platform.

in midstream, what would i see?y: that is so true. >> if you're talking about like, in -- generalities, i mean, you could stream anything. >> jimmy: yeah, you could stream, like you have a new album coming out maybe? [ cheers ] you could stream that maybe you're going to beyonce an album and just pop it out? >> i don't know if i would really just like, pop one out. >> jimmy: okay. keep pressing? >> no wait -- [ cheers ] >> jimmy: what are you going to say on that live stream? damn it. tell me. taylor swift! [ cheers and applause ] >> i'm sorry. i -- i'm sorry, i couldn't hear you. you were being really quiet. [ laughter ] >> jimmy: i'm gonna ask you -- >> yes. >> jimmy: i'm gonna ask you, if you're gonna invent a pegacorn. >> it's actually really exciting. we have patented -- >> jimmy: you have invented the pegacorn. >> we patented it. we're in the process. >> jimmy: so you're not going to tell me. that's all we know is that you're going to make some type of announcement. it's gonna be you right? >> there could be o

we participate with drilling contractors, oil and gas companies, midstream providers, chemical plantsf that build out, no matter where it lands, is a great opportunity for us to grow market share and revenue. >> rich is talking about $800 million that will be spent in this build-up pipe. is that pie in the sky or realistic, given how much natural gas and oil there really is in this country? >> well, i think if it simply boils down to economics and not other things such as politics, that definitely will happen. look how many rail cars are currently built, under construction, built every day to get this product to market and that's definitely not the most economically friendly or environmentally friendly way to get that accomplished. >> last question, we are huge fans of pete miller, as you know. is pete involved every day, because he is executive, not nonexecutive chairman. >> well, i'll tell you a funny story, he came to my office when he told me we were going to spin and he said i'll stay out of your way, i have things i want to do in my life other than this. two days later he moved

now we're trying to stop it in midstream. >> charlie: part of the reason they love athletes and entertainerss that they have that, number one -- >> but they've earned it. >> charlie: of course, they have. >> because they have a special talent and they have earned that. but that doesn't mean -- that's not the only way you can be successful. >> charlie: but somebody needs to point to the surgeon, the businessman, the teachers and the social workers. >> there's only about three important jobs in this world -- pleasemen, firemen and teachers. those are the three really serious jobs. hey, listen, sports aren't that important in the overall scheme of life. we have put sports up on a pedestal. hey, my job is, the way i look at it, people to come to this building for two hours a night, if somebody died in their family the last month, one of their kids giving them trouble or they're just having a bad day, for me it's just to make them have fun. >> charlie: come here two hours and forget everything and watch somebody do what he does as good as anybody. >> and for two hours, that's it. >> charlie: take

a sea change in terms of what these midstream businesses will do to bet on shale oil? >> i think you hit it dead on the head. the tax advantages of the mlb structure are worth less then than -- than building out the infrastructure based on shale gas and oil. the bigwhy he is making bet and i think he is 100% right. he had no other choice. that is why the stock market took so strongly. best.s really the this is more on the infrastructure surrounding shale oil assets. that is a big that an a big difference in the industry. some of the mlps are going to follow him in this. they're going to need the capital to buy and more -- more and more hype lines and processing plants. >> is this a function of size? >> i think that is a great name. energy transfer seems number one on the list. enterprise could benefit. we're looking at numbers and talking about market caps in the $100 billion area. these are huge companies. as the lastthis possibility to turn back from an mlb structure. >> why is there a disadvantage? >> it strands your capital that you would normally use to continue t

and so, you cannot run an operation as dynamic as this with a change in command midstream, ignoring the no curfew. military type vehicles one day and none the next day. and then bring them back the third day. these are all the kind of things that create basically misinformation and lack of understanding from the officers that you are asking to perform and certainly sends mixed messages from the public that you want them to comply. >> there's inconsistency, confusion. we see that play out. nightly really there on the street of ferguson. when you see this kind of response, especially the very materialistic response from police, do you feel like that fuels the aggressions of some of the crowd or do you think that some of the crowd are there to make trouble no matter what? >> i think that every up usual occurrence i've been on that is major, there's always people that are not a part of the equation that show up to create havoc. so you have to deal with that and understand and look at it in the sense of trying to separate them out to allow the legitimate protests to go forward. the other iss

i have to tell you, when you see something like -- these midstream stocks have been strong and that'sto get oil and gas where it can be used as opposed to where it is. half of where we refine things, it's jammed up. louisiana we didn't get the big heavy crude down, that's what they set that up for. indiana and northeastern canadian refineries working overtime. everything is wlong rong in thi country in terms of the where the energy is. union pacific train crash, we need union pacific to ship swand oil. we're in disarray where oil needs to be and companies are scrambling. that's the kinder morgan deal. why i like kmi. rich kinder said we've got to get the stuff -- >> tweeting about that over the weekend. >> rich kinder said this is a revolution. most interesting thing he said last week, i said are we going to be continental or domestic energy, self-sufficient? he said, be careful. we'll be exporting a lot of oil, oil in the -- this is just a market influx. we are changing the world's energy dynamic. right in this country, dan dicker on "squawk" we have so much oil in the country. the b

i saw a recent survey, projected well over $600 billion in midstream energy infrastructure built in thethat's significant. and we intend to be a significant player in that bill-out. >> rich, is there any truth you might double your salary here? >> i'm going stick to my $1 a year. >> they are calling you on twitter the fortunately rich kinder. >> the real benefit of all of this goes to all of the shareholders and it's a real compliment to the whole team at kinder morgan. you know, we have a great team they're the ones that are doing the heavy pulling. and i'm the one making the big bucks at a dollar a year. >> well, rich, the doubters are silenced. thank you, rich kinder, for coming on and for building a remarkable company that has let many people make a great deal of money. >> all right. thank you very much. appreciate the opportunity to be on your show. >> thank you. >> with all of that got some action one of the posts here. >> kinder morgan, i think, yeah. >> bob pisani on the floor. bob? >> well, we're waiting for the final components of the kinder morgan deal to come together here.

>> it's a great emblem of the midstream america the results of a company like wal-mart. it's a big buffet position. but to me, this is average hourly earnings which have not grown joe, you pointed out week after week 2.0% year over year which doesn't even keep pace with inflation. this is the 80% of america that hollywood people call flyover people. this is the basic mainstream. this is the real -- this is the real america. >> some comments from doug mcmillan who is the president and ceo of wal-mart stores says as it relates to the positives from the quarter i'm encouraged by the performance of the international business, the neighborhood market sales in the united states, and by the e-commerce growth. he does point out the tougher prices, the challenges that he sees for the quarter. he said they want to see stronger comps in wal-mart u.s. and sam's club but both reported flat comp sales. stronger sales in u.s. business would have been helpful for profit performance. >> e-commerce international and neighborhood comps have been brighter. it's not a surprise those continue