i want to thank scott sheffield the outgoing ceo and rich dealy who is the president and c.o.o. coming ceo gentlemen, thank you so much i'm going to miss you, scott >> thank you, jim. >> thanks, jim >> "mad money's" back after the break. >> announcer: coming up, caterpillar reported an earnings beat and raise but the stock still took a tumble after earnings did the company dig itself into a hole or could it continue to harvest industrial strength returns? cramer lets the cat out of the bag with the ceo, next ♪ ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ ♪ - [soldier] take a look at this! ♪ - they've left us a gift. - [soldier] i think we misjudged them. - i love horses. (birds chirping) - [soldier] we should open the gate. - let's see what charlotte thinks. - [narrator] at crowdstrike, we monitor trillions of cyber events to detect threats and prevent breaches before they happen to keep your business from becoming history. we stop cyberattacks. we stop bre

i would like to start how you plan to be different than scott sheffield? pioneer evolve under your leadership? rich: i appreciate being on the show and getting a chance to visit about that. it has been a pleasure to work with scott all of these years and it is an honor to follow him and to work with him for the rest of the year and as a board member next year. in terms of what to do following him, we have a great strategy. we've been working on it together for a long. of time we have high rate of return location, 25,000 total locations. we have a great return of capital framework. we reported a good quarter with production 500,000 barrels above guidance. we also increased our pace dividend to a dollar 25 a share or five dollars annually, 14 percent increase. this is part of our capital return more. overall, the execution is going well and we continue to do that going forward. guy: good morning, this is guy. the number sound attractive. are they so good that you look like a takeover target? do you think m&a is something you will have to manage as you work th

. >>> executive shakeup at pioneer natural resources with the shale giant announcing ceo scott sheffieldtire at the end of the year. he will be succeeded by pioneer's coo. the announcement comes after talks of pioneer being a potential takeover target by the u.s. major companies >>> a week before the federal reserve's next policy meeting, jpmorgan chase unveiling an a.i. model looking to clarify the central bank messaging and reveal trading signals the chatgpt-like system uses speeches from members going back 25 years the report adds that jpmorgan chase plans to expand the tool to cover more than 30 central banks globally what can go wrong? >> everybody is using a.i. now we need to get into it >> i don't know. >> silvana, thank you. >>> turning to the big money mover. meta taking off in the pre-market after the increase in sales for the first quarter and issuing better guidance for the period the move further boosts the stock since mark zuckerberg announced this is the company's year of efficiency shares lost 2/3 of the value in 2022, but now up more than 160% from the november low. if l

i think they remember that every minute i've always admitted that i like scott sheffield. case it would be the west to hold out. 80 points from here. that is why i don't want to. i would be a worry about some some other guy over the 10% yield what is not to like about pxd? there is no doubt that we need the consolidation of oil pipes it costs too much to drill the drilling the next time pioneer pulls back by even a small amount, would say you should be boig it. you can follow along with the investing. i don't think we'll be willing to pay for pioneer the fact that at the wan >>> thank you. i am brian sullivan. tonight, why are american cities still so empty and the biggest risk to the recovery isn't just crime. call him the oracle of osaka. warren buffett wants to be big in japan. goodbye twitter and hello something called ask. elon musk hits at his grand ambition for everything app. >> used cars are at a battle for inflatta

and gas companies there is, pioneer natural resources, and at only 217, and we just heard from scott sheffield let's go to new jersey >> hello boo-yeah i would ask about the growth stock -- >> i missed the stock. >> rskd. israeli company. you know what? i'm not recommending any stocks that are not making money. and that, ladies and gentlemen is, the conclusion of the lightning round. >> the lightning round is sponsored by td ameritrade you ok, man? the internet is telling me a million different ways i should be trading. look! what's up my trade dogs? you should be listening to me. you want to be rich like me? you want to trust me on this one. [inaudible] wow! yeah! it's time to take control of your investing education. cut through the noise with best-in-class education resources that match your preferred style of learning. learn your way. not theirs. td ameritrade. where smart investors get smarter℠. (water splashing) hey, dad... hum... what's the ocean like? uh... you were made to remember some days forever. we were made to help you find the best way there. >>> i always tell you there is no c

shares of pioneer resources are down 2.5% this morning the company's long time ceo scott sheffield isiring after the end of the year. the current chief operating officer will be succeeding sheffield. that stock down 2.5%. >>> we are watching bristol myers. ceo giovanni caforio announced plans to retire on november 1st. he will remain executive chairman the industrial officer will take over as ceo. >>> shares of deutsche bank are higher the company reported a profit of 1.2 t $1.28 billion. the 11th straight quarterly profit for the german lender we used to talk about the bank as a troubled bank which with started in 2019. deposits fell in the quarter from 621 billion euro to 592 billion euro. >>> shares of barclays are rising in the pre-market net profit of $2.2 billion jumping 27 puer% year over year it makes up 1% growth in the corporate division and investment banking division. you see the different sides of the banks. >>> coming up in the 8:00 hour, don't miss the interview with house speaker kevin mccarthy we will talk about the debt limit bill which passed in the house. we will h

scott is the key note now, we get some differing ages whether he's 70 or 71. young. you have to understand that this stock traded at 287. it's not like sheffield is going to say i'll sell for 240 it's going to have to be a three handle the idea it's only a 12 is daunting to me i've been behind scott forever, but you have to understand, he's not going to sell for less than traded at. they have a huge amount of cash. they can't do the buyback they would like given the fact that washington is all over them. 600,000 per day, these guys are some people say a $15 all-in cost no somebody will say it's $15, but let's call it 20 the company is making a huge amount of money. scott is very committed. thinks the stock is undervalued. why would he say -- the stock was at this level not that long ago. >> interesting we'll get econico investor day wednesday. b of a has some charts that they say argues inflation one is saying how crude is not responding to the cutbacks we're getting. >> i thought that was surprising i thought it would go to 90. i thought china was kicking in i also say that at 80 pioneer is worth a substantial amount more because they make so