their sales drop off with people going more to private■wsome of the bigger s like kraft, heinz, proctoring gamblee to raise prices. there may still be a little bit of that going down in the hope is that people will continue to get pay raises on average in the past year or soame have gotten e increases that outpace the price hikes. i think a lot of people will raises to feel like they've caught up. bringing prices back downn't rey want that. host: they are not talking about lowering prices but not raising them because we are not in a recession. guest: that's right and even though wage increases are slowing as well which reduces some of the inflationary pressure, wages on average are still rising bitasey were beforf that continues, the goal is for people to feel they can afford a lot of thi stuff back to something close to where was before. host: we will get to your calls in a minute but i want to show you what the federal reserve chair jerome powl say when he spoke to reporters yesterday after the board met. [video clip] thehe committee decided in target range for the federal funds rate at 5.25 pe

some of the bigger companies like kraft, heinz, proctoring gamble have talked prices.still be a little bit of a hike but there ie is that people will continue to get pay raises on average in the past year or so, americans on average have gotten some wage increases that outpace the price hikes. i think a lot of people will still need to see if you more 'p. bringing prices back down usually only happens in a bad recession and we don't really want that. host: they are not talking about lowering prices but not raising them because we are not in a recession. guest: that's right and even though wage increases are slowing as well which reduces some of the inflationary pressure, wages on average are still rising a bit faster than they were before the if that continues, the goal is for people to feel they can afford a lot of this stuff back to something close to where was before. host: we will get to your calls in a minute but i want to show you what the federal reserve chair jerome powell had to say when he spoke to reporters yesterday after the board met. [video clip] >> the

we couldn't get proctor and gamble. we couldn't get anybody even the black hair care products to do advertising on there. no one would do it. and finally, mcdonald's stepped up to the plate. but the door that open all of a sudden was went in. we're going into two years later, right is when the video markets up and. i remember i was on the treadmill and watching michael jackson. paul mccartney. yeah. and it was the greatest story. i'm unbelievable storytelling through music. yeah. and i said i would have never thought about this. it was just fabulous. and there was more and more videos that were coming out that we just loved that mtv would not play black program me at all. and this where our door opened and we were able to capture that market. so that was wonderful and that's when the advertisers started to up because we were getting more eyeballs on the channel. huh. so the other thing that happened about hate to say it's about eight or nine months later, the videos that were being aired were coming on the market but th

we will not keep the kraft heinz, if we are there we need to be in consumer goods, proctor and gamblehat is one. so we will have a 10 company, we will have an aerospace company, we will have a drug company, cybersecurity company and we will have a consumer and i will feel terrific and sleep good at night with that. now, sebastian. >> hi i am from miami, florida. >> love, love, love >>caller: my five stocks are: nvidia, blackrock and arm, and trans. i was talking to my partner about that being the next theme for the travel trust, maybe put it in the bullpen. arm they are partners with nvidia. we will have to take that out and put in lily on the discount. trane is a heating and cooling company. and hathaway, it is insurance. pipelines and big portfolio that includes apple. tech company, drug company, insurance company, we got a financial company and we have a heating and cooling technology company. we have perfection, thank you very much. thank you for all of our players and our team is amazing. mad money is back after he break >> coming up, cramer takes your calls and the skies the lim

performance from a couple things, first of all, a netflix that's becoming a consumer stable, your new proctor and gambleno one is canceling their netflix subscription and the other side of that is more exciting, more interesting, artificial intelligence and all the major players delivered significant beats. these were massive expectations particularly by nvidia, people talk about the valuation of nvidia. nvidia is a much cheaper stock and forward-looking p/e ratio than it was a year ago or two years ago. if the ceo is right that this is going to be a $300 billion bargain by 2026 this stock could triple from here so what is driving these stocks are massive earnings gains. massive revenue gains because the face of computing has changed and that has bled out into the entire earnings season. maria: but look, you are talking about a triple from here, stock is up better than 230% over the last year. i know you are on the board of a small ai company and you are really focused on block chain, not necessarily bitcoin. how do you see it? >> in his book the four battlegrounds author paul sharp talks about the four

similar to proctor and gamble five or six years ago, when they went from a geographic and functionalo a line of business structure. very simple with better transparency, accountability and ownership. so this is a pivotal long-term pay. now everybody loves morgan stanley. i see that with jane fraser. >> let's quickly run through some of the other big cap names. bank of america? >> bank of america is -- jpmorgan is my second favorite name >> so that's not cheap >> but in terms of price-to-earnings ratios what is an 11 pe to 20 pe market all banks have been de-rated due to fears about rates, recession, regulation guess what each one of those are less, bad, or good. you can see rate reductions that have increased recession doesn't seem to be as much on the table. regulation, a lot will be rolled out. an 11 pe in a 20 pe market looks cheap to me. bank of america is also inexp inexpensive. we think some of their kind of changes to traditional banking lending come a little bit later this year, but i recommend bank of america as my goliath >> goldman or morgan stanley >> goldman over morgan

and i think the reason why we have a premium on the stock is like at costco, like a proctor and gamble, their earnings are very durable and stable and such huge install base. apple is down, what, 10% for the year, and so i think it is less about this d.o.j., but more about, they don't have an ai story, which is fine, but that's like exciting for investors, and i think they are, we are going to have to wait one or two cycles to get people really wanting to upgrade, and if you want to talk about, you know, the d.o.j. suit, i think it's not even nearly as explosive as it could have been once i read through it. >> okay. sow don't think that -- well, i was interested to see the fact that the stock did go down 4% on the news. in other words, you know, everyone is looking at the same details, it seems the kind of thing we thought that the authorities might scrutinize, and try to contest, and yet, the market sort of backed away. >> right. well, it's kind of -- you know, it's interesting, if you just even skim through it, it seems like, i mean there's multiple points but to me, they're having i

people and redoing things he's had it with his company falling behind the forms of prague o proctor and gambleeat story. >> yes i'll be listening at noon. >> yes we'll be talking about a new name jeff marks is a star i cannot wait. the previous organization was a drag and now it's something i love to talk to people when they come to reese's bottle signing in palm beach gardens, we ran out so quickly. i was like where's the stuff signing brochures. the club is the way to go. thank you for mentioning it. >> that's at noon eastern. can't wait the dow is holding onto a 300 point open gain. back in a moment ing. it is the first e-class made just for you. for you. for you. this is not just design because your e-class... it adapts to you. it recognizes you. understands you. empowers you. energizes you. feels you. it evolves with you. the new e-class. ♪ ♪ to build the electric vehicle of the future, you need partners. mining partners. technology partners. education. supply chain. energy. what if one partner could do it all? that partner is ontario, canada. with all the critical minerals to make electr