and twilio. >> think about it.had a human being that was there taking care of every single customer like at the restaurants, imagine a human being, one per every customer looking after every customer and paying attention, wow, those customers would never go to another restaurant but a.i. can do it at scale. while you could never hire a person to look after each and every customer, you can have a.i. that takes in every bit of information about your customer, every mobile click, everything they're doing and turn it into an understanding of that customer and do a profile, what are they all about, what do they want and activate it across web, moment, messages, email, et cetera, to personalize every interaction for a customer. this is what we call customer a.i. and i think it's going to make marketers ten times effective, customer service ten times as effective. companies will get ten times better. >> i remember when you first told me you could blast out to everybody. i said, maybe they don't want margaritas, how about

twilio in a better way, i think that twilio is aok. is it my favorite stock? no.ticut, drew. >> caller: booyah brother jim. >> how are you doing partner? >> caller: my stock is jam smucker. >> it's okay, the food stocks are just okay, and putting that in context, it's the one that you like that's just okay. i don't think just okay merits ownership, so i'm going to say no to that. let's go to jonathan in pennsylvania. jonathan. >> caller: booyah, jim, how are you? >> i am good. how are you? >> caller: good, i am a very happy investing club member. i'm calling about a high beta stock which recently is losing money with negative operating and net cash flows. would love your input on how aluminum prices are affecting alcoa. >> i mean, alcoa, i never liked the whole separation of the company. the whole way was to get rid of the alcoa cyclicality. i'm going to say letter aa is no go, stick to batteries. batteries work very well, i got a big thing of them from amazon. they came like this, ordered them in the morning, came in the afternoon. aa batteries, who can figure wi

so if i look at the names i've owned, twilio, shopify, docu-sign is a compelling story to take a look at it. for me, i think, as i look at this orderly sell-off that we've seen over the last month or so, i would be looking at mega cap tech names as opportunities going into the fourth quarter. i think earnings will be solid, and i think these are parts of the market you need to be in. >> another growthy name on our list is data dog becausejoe sold it. why did you do that? >> sold the remaining half in early may. i purchased the stock at 86 and sold half somewhere around 93. monday on the close, sold the remaining half at 88. it's really a rotation within the market. i picked up some qs last week, i have significant respect for valuation. i do not want to be in stocks where i believe the need for them to be reliant on the debt market is present, in particular where we see the cost of capital as a continuing moving target. i'm not ready, to your point, to go to the place where a lot of nonprofitable companies maybe appear to be given the significant declines they've had since 2021 appeal

as jeff lawson, the ceo of twilio told us out here, it means getting ten times as much for 1/10 the cost. i like the ratios. the fed loves to hear that. just what they needed after we saw a slightly higher than expected consumer price index. bottom line, the use cases for ai, they may not be exicited bu giving us a reason to buy high quality stocks. the productivity improvements show up in the numbers some day, not quite yet, but certainly soon enough to make the market go higher if it's used, and produce stocks that you can own for the long term. i'm taking calls. i'm going to luke in maryland. luke. >> hello. >> hello. >> so i was wondering, what are your thoughts on like the nike stock, is it a definitely buy, should i hold? >> nike is low energy, luke. it's got very low energy, and i don't see the stock doing much at all because frankly it has low energy. bill in massachusetts, please, bill. >> professor cramer, booyah. >> i always like to get tenure, you have it for lifetimes that's what so great about it. don't even have to teach kids. >> i'm a second year club member, fourth time

salesforce, for example, 52 weeks ago, 126 today, 200 twilio, these kinds of stocks that we talked about and the list is long and distinguished by the way, beyond the alphabets and microsofts and the nvidias and broadcoms, where you've seen big gains, if you make an a.i. benefit list, that list is vast. >> right i would say except for nvidia, every one of those companies, their stocks were higher at some point in 2021 before anybody heard of chatgpt it has been one of the cover stories and excuses to get excited this year, to have them reclaim a lot of that market cap that they did lose last year not saying it is all justified, but, again, if it is going to be a mania, let's see some real mania. because i don't think it is right here yet >> i'm not going to say it is not justified. i think the overarching point to what we're saying is nobody truly knows. >> no idea, yeah the market is therefore latching on to the known beneficiaries, maybe giving them too generous a benefit of the doubt on that but, yeah, we'll see >> all right better early than late so you stay right there. we'll take a

when salesforce put exact target in indianapolis and merged that with cap low, and then throw in twilioaging it's a one-stop shop it doesn't matter. that's the whole point get three in a row, price how it works. david, it's important for everybody's numbers. >> it's going to be very hard to hear each other. [ cheers and applause >> let's get the opening bell and the cnbc realtime exchange at the big board, as we said, marketing automation company, klaviyo. celebrating its ipo. we'll talk to the cofounders and ceo in less than an hour at the nasdaq, sigma lithium, maker of ev batteries. [ cheers and applause >> "squawk on the street," "squawk on the street," "squawk on the street. what do you think? no all right. general mills. i want to talk about general mills for a second it's really important. there is a trade -- i don't care i'm going to talk over this because i know people can hear me there's a trend that is out of control now about people not spend on their pets. they're not spending on premium food now, we saw the good people at smuckers sell part of their pet food we saw a note

we have twilio using a.i.ment and i booked the james smucker on the deal to buy hostess twinkies, in bankruptcy twice and came out, andy callahan steered that we had him on national doughnut day in june. talk to mark smucker and see if the food company can reignite. good numbers a couple years ago and do it again. >> that's a good one. we'll see you, miss you at the desk but great coverage coming. jim cramer at one market for dreamforce this week. nice open, dow up 120. tesla leading the s&p. only industrials are down sector wise and the vix closeo . t14 don't go anywhere. ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. . >>> good monday morning. welcome to another hou

larry is chasing out a vision of productivity that was similar to what jeff lawson from twilio traced out. you get ten times the productivity, ten times the gain for one-tenth the cost. that's pretty much what ellison is saying. go to our data centers, there's nobody there and therefore can be no mistakes. very futuristic vision. i hope there's a job for people because, boy, when he's done you don't need people. >> to your point is that, you can hire a programmer who may not be the best because they can use chatgpt to fill in an awful lot of blanks in terms of writing code that will take them to that level and obviously you don't have to pay quite as much. that's something else when it comes to productivity that certainly is worth keaching an eye on. >> frank slootman said you don't have to be that literate. can you imagine when he says it like that, what that means is the age of when we have to hire people from nowhere about stanford, it's over. >> all right. i'm not even sure what that is going to look like but, yeah, it may be. >> it would be great. great for the rest of us who did