Transcripts For CNBC Mad Money 20240713

Sometimes the glass shrinking a half full vessel look like it is overflowing and this is where we areright now and this, after todays session dow closed flat, s p up 6 and nasdaq up. And lets start with the thing that we all know which is the half full half empty this morning disney launched the new streaming service diocese plus and immediately overwhelmed with traffic and started having outages even though management assured us the technology was solid on the Conference Call last week. We were told they tested the system in the netherlands which must be a new worldwide peoria but it reminds me of hamsterdam. They botched the roll out of a promising new service but the Glass Half Full people think differently. Sure the site crashed but that is because there was so much demand and traffic diocese vetted this platform for millions of people and that wasnt enough. It is not hard to believe it has so much great content that it caused a stampede of subscribers. In reality both are right. But diocese dropped the ball and feel like victims of their own success. This isnt a question of who is right and what matters is which contingent is calling the shots. How much fire power and divisions do they have rallying 2 it is clear that the Glass Half Full folks have the move divisions there sulds a half full and half empty can. What does it look like when you add in the third get this were seeing this more complicated dynamic when it comes to the trade war today President Trump said we would very close to a deal with china when he spoke at the Economic Club in new york and explains that the chinese are dieing to make a deal. Were close. But then trump seemed to torpedo his own positives saying hell raise tariffs if there is no deal personally i thought the latter statement was more important when you consider how high this market is. I doubt it could absorb much higher tariffs but if the chinese would give a deal that would give the average a major boost. The glass half empty only hears that the september tariffs might be in play and the hardliners are ready to jack it up. Almost as though the trade hawks in the white house believe that those like larry kudlow and steve mnuchin. President trump is not ruling out a deal and he said were close so no reason to get discouraged. But then the third category. The glass totally full camp. They saw larry kudlow standing at the president s side and say, wow, the president respects larry to repeatedly referring to him at this luncheon and makes them think a deal might be imminent when larry spoke to cnbc later in the afternoon he talked about agreement with the Chinese Government allowing Financial Firms in china and made it sound like a matter of time when were close to a deal and then it rallied and when it went back down and we heard the tariffs might be boosted, it looks like it could go really low but then it bounced again and once tuesday full crowd started chiming in i think the optimism is unhinged but clearly Money Managers believe that this is not nearly as good as this. Let me give you another example. Automation just a second. This is a really important cute card that is showing you exactly what kind of Community Cross talk show we have going here automation here is a metal bending company, one of the best there is rockwell is deeply cyclical meaning the earnings are hostage to the strength or weakness of the economy. So weve been told over and over again that cyclicals are on the last legs because theyll report weaker numbers thanks to the softness in the industrial economy but apparently rockwell missed the bullet. Mining and life science and autos, food and beverage and the stock pulled at 18. 10 . Now lets mull this one over a glass half empty investor thinks are you kidding me . When is 1. 4 growth any good that is pathetic rockwell is growing slower than the domestic product how is that good Glass Half Full guy said that is not bad for a cyclical and it is better than i feared not as bad as feared but how about the delusional glass is total full guy. He looks at this and he goes, holy cow, rockwell is much better than i thought. I didnt know it had Life Sciences or cybersecurity or food and beverage and maybe lets buy some stock next, this morning, tyson foods, ugly earnings and bad miss and beef and the only thing i kept waiting to see the peabased chicken tenders that they send me they werent included. The stock looked like it would be down 5 as inve to tire of the Companies Track record that is a half empty attitude. And once the Conference Call got going management told an encouraging story giving the sense this too shall pass and they were now flat and despite the severe shortfall, they say they get high singledigit growth growing in the future. As of the beginning of september, the stock would have been pole axed and even a Glass Half Full would have a hard time trusting them as such a serious shortfall but this market is dominating by the timing crowd the people who think the glass is really full because they have the wrong frame of reference so the same news that we sent tyson stock surging up 7. 4 . And facebook launches facebook pay. Who the heck trust facebook these days theyll be pummelled because the glass half empty was in control and today it rallied and took down to take the hapless allergan there is demand for 44 billion of debt and the stock ends up rallying it makes me feel the glass is full and then some hmm. My mom hates it when i talk with my mouth full. She hasnt been with us for 34 years but i still remember it. Bottom line is i could go on with these examples, how long can this glass my god edit that out in post production like this show has post production look at this look at what we have here. Arent these great i think that as long as Interest Rates stay low im a serious guy. We can sustain until there is bad news on the china front and then it will turn out to be right. Other wie otherwise it is too bullish to take us higher regardless. Whose brilliant idea was that. Jim in new york. Jim. Caller jim, hey, listen, jim, im calling about investment in my kids trust accounts and i have a long view investor mentality when it comes to that so were sitting on 80 shortterm gains shortterm on xpl logistics at 85 that is still 30 below the 13month high and i dont know what it is, whether it is trade news expectations, fundamentals, but these accounts belonging to youngsters still years in college and unrealized gain makes it i want to you cut it in half. Why . I think brad jacobs is terrific and i like xpo it was hammered by the shorts. And they say well, jim, because it belonged there but i think brad is a good man and the stock is up a lot but now selling at 22 times earnings and that is too expensive versus the rest of the group. Charles in maryland. Caller how are you today sir. This is one banner day. It started at 3 15 and it just keeping rolling. What is up. Caller that is not bad mine started at 4 45. Early bird gets the worm, chief. Caller that is right i want to ask you about Iron Mountain and i was looking at the dividend on this dividend yield 7. 5 , i thought that was a cautionary tale but it seems theyve had the utilization of documentation and storage so im seeing that can you give me your idea charles im with you. I wish they would come on. Ive liked this stock but the stock doesnt go up and in the end i prefer growth and yield, not just yield but you and i are of same mine mind it does seem like a red flag lets dip everything in these. I think the optimism can last. But i think it may be too bullish which makes they throw the red flag with News Facebook is introducing payments how is pay poll positioning itself. I have a ceo and shares of the real, real, realing, ee thinking sides are sold on the site. And drama with d ram and ill talk to the ceo of this wild trade and there are so many you care a great deal about so stay with cramer announcer dont miss a second of mad money. Follow jimcramer on twitter have a question . Tweet cramer, madtweets send jim an email to madmoney cnbc. Com or give us a call at 1800743cnbc miss something ado dmeyc. M. Co but in my mind im still 25. Thats why i take osteo biflex, to keep me moving the way i was made to. It nourishes and strengthens my joints for the long term. Osteo biflex now in triple strength plus magnesium. Wow giving one. How did you guys. . Dont ask. The lexus december to rembember sales event get 0 percent apr for 60 months on all 2019 models. Experience amazing at your lexus dealer. Nongmo, made with naturally sundown vitamins are all sourced colors and flavors and are gluten dairy free. Theyre all clean. All the time. Even if sometimes were not. Sundown vitamins. All clean. All the time. Hey. Hey. You must be stevens phone. Now you can take control of your home wifi and get a notification the instant someone new joins your network. Only with xfinity xfi. Download the xfi app today. I always tell you that wall street is like a fashion show. Because at any given moment what is in or out of style is more important than what is actually good like i said at the top of the show over the past few months the cyclicals and companies are expanding the economy. Look at rockwell and when they are in style, the Technology Stocks tend to go out of style as Portfolio Managers are only have so much exposure to one file and for months it has been by late october it was trading at 96. When paypal reported a better than expected quarter sending the stock up to 107 but since then paypal has given back a big chunk drifting down to 102 even though we know business is great wall street doesnt care so what will it take to get the stoc moving again lets take a closer look with john rainy, the paypal cfo to get a better sense of where they are coming and doing and since this is veterans month, what they are doing to help veterans. Welcome back to mad money. Thank you for devoting time on your show to recognize veterans. I spoke with my friends carl and david this morning on the squawk and one of the things im proud about paypal, they recognize it cant be a debt we cant have this veterans debt and then the next day be okay that was that. See you next november 11th youve developed a veterans recognition month. Which to me has more continuity and i need to you explain it to others because they should adopt your method. Sure. Sure, so at paypal as part of the diversion and inclusion we have several employee Resource Groups and we call it serve which is devoted to veterans and our serve group for the entire month of november is honoring veterans through different initiatives. One of them is through the sale of poppies which is the red flower recognized as a symbol of the sacrifice of our veterans. The proceedings from the sales will go to support our veterans and their families in need i think that is great for those of you been to britain during this period know that the poppy represents flanders field and how many were not forgotten in britain and how did you design your program because one of the things that i found when i talked to veterans and i do quite a bit is they are lost in the Business World why . Because they are so selfsacrificed they only think of we. When i want to get a job at paypal, i have to talk about me me me. How do you get over that we at pay poll are a Better Company and a stronger work force with veterans. Our mindset is not that were helping veterans by hiring them, we believe that their helping us by coming to work for us when employers look at the qualities they want in candidates, military veterans have honed some of the skills in their career things like team work and discipline, leadership and these are things that they could bring to the work force and make us a much Better Company. John, i have to ask you, because you are in some form or another in the news every day and positive today facebook announced initiative, three months ago they would have announced we would have said who are those guys and my first thought was wow, they are good partners with paypal and theyre going to hurt paypals business but my Second Thought was i have john rainy on and lets ask him. Facebook has been a long standing partner with us and we continue to be and we partner with many aspects of payments and well do this with the new announcement as well when you step back and think about the competitive landscape, there are many people competing in this field. But really the competition i still cash good oldfashioned cash. Where 85 of the worlds commerce is still taking place and with things that were doing with venmo and paypal, we can make the movement and management of money a lot safer, simpler and more secure. Now they did it when you went to the Facebook Page to look at the introduction, they did have an illustration that seems like venmo to me as if you dont need venmo. More competition the merrier or is that just something youll have to start worrying well, by having an open platform, we partner with a lot of companies and if you think about the what venmo is in terms of payments landscape, it has a social feature where people are sharing their experiences on that and i think very, very importantly is its something that that millennial demographic is very attracted to so this is something that payments is a pretty sticky business and i think well continue to do so. So were going to focus on continuing to create experiences for our Customer Base that allow them to use it and in ways that they can monetize as well. John, this afternoon, larry kudlow who sat adjacent to the president came on our air and said, you know what, the president is very constructive he believes on chinese trade talks and even with the idea that some of our Companies May be able to have an independent operation in china, isnt that what you have with the peoples bank of china lets you buy 70 interest in gold pay youre already there well, look, so there is a lot of talk about china and some of the the trade noise that is out there and impact on our businesses and others. So i think it is first helpful to understand that the average paypal transaction is about 60. People arent generally speaking using paypal to buy aluminum in bulk in china so the trade noise is not something that impacted our business but china to your poin, jim, is a very, very important of our business some estimates have china as being as much as 40 of all crossborder commerce by the year of 2021 and if you look at our footprint today, were relatively small in terms of the market share that we have in china and so were very excited that were the first nonchinese company to be granted a payment license to process payments online in china. And we think it is the potential to be a Significant Development over time. Speaking geopolitically, i took it as a sign that maybe it is a olive branch. They dont put out a sign that said this is an olive branch but they let paypal in and you and dan schulman have a different culture and they like the way that you help and been invested with people who are not of means so perhaps it is political or is it just thinking that it is time i think it is easy to turn some of this into is this political or is it not but the fact of the matter is, it is actually good for chinese consumers and merchants and for those that want to shop in china as well. With your network of 300 million customers around the world and over 20 million merchants, were now enabling commerce for chinese consumers to shop at the network of mer kmants and for consumers around the world to continue to shop at chinese merchants so i think it is a winwin but it is i think probably an Important Development and the overall relations given that we are the first nonchinese company to be granted a license there. Well im thrilled that you came on the show to talk about everything from the license in china to the facebook relationship but most important veterans month john rainy the cfo of paypal always good to see you, sir. Good to talk to you, jim. And well be back after the break. Sundown vitamins are all nongmo, made with naturally sourced colors and flavors and are gluten dairy free. Theyre all clean. All the time. Even if sometimes were not. Sundown vitamins. All clean. All the time. Its how we bring hope to our patients like viola. Her team treated her cancer and strengthened her spirit. So viola could focus on their future. Cancer Treatment Centers of america. Appointments available now. What the heck just happened to the stock of the real reel. This is the Largest Online Consignment Shop where you could buy and sell used luxury and apparel and they have the misfortune of coming public late june before the market shower on ipos and tumbled on the first day of trading down to 12 in august, ouch the company has an intriguing concept though it is growing like a weed so the stock started to bounce back climbing to 23 a couple of weeks ago but then real real put in an excellent quarter with a nice revenue beat with a smaller than expected earning lost and a forecast bump too. At the other same time the stock would have probably went higher the next day but right after the quarter reported a cnbc piece said not every item is authenticated by experts and a number of people at the realreal may not have the expertise to do the job. The stock fell more than 10 last tuesday and still down more than 5 since the news broke we want to hear from the founder and charp to find out what is going on miss wainwright, thank you for coming on. Thanks for having me on. There are some questions and you put out a note about for our customers and consigners about counterfeit but people say maybe there is not enough real on realreal. That was former disgruntled plo employees so i want to talk about what we did today. Let me give you stats. Weve sold 11. 5 products and our net production score is 70 80 is from repeat Customers Put that aside let me talk about what happened in october we processed 490,000 units our copywriter aujentator removed 4,000 units before they got posted, before it was 4,000 un ipts because they were they were count i fit. And they determined that. A copy writer, a person authenticator. When i first started in the business, the copywriters only copy wrote and they went through authentication and later on we blended in each company authenticator gets 30 hours of training and they sit with other people and master authenticator and the high risk authenticator removed 4,000 right away then our qc team that is quality control. Pulled another 139 from the site so if you just look at what that is what we do every day our brand is to keep fakes off the market but that is difficult rbc investigation interviewed three dozen former employees on camera and an internal document showing the copywrites are subject to stick quota and there are fakes on the site because it is a tough model to scale to have great authenticators. Let me talk about your documents. They were two years old and they are not even relevant. But secondarily, lets address your point we use a combination of of the data and technology and humans to drive the authorization process and it ishard. There is no doubt about it. You admit in your statement it is hard to root every fake out and the people who make fakes are good at it. They are good which is why we keepitier ating our process. So what we did in august of this year doesnt look like what we do now we have to keep itier ating and we get smarter all of the time. And facebook confused me and someone who used to trade for a living and it is two sides to every story, 95 of your stock is sold short. That is almost as if i could argue there is a conspiracy or i could argue that people must think that youre going running out of money but you have a very big bank account you have a lot of money in the bank you have 370 million. Yes we have a lot of capital and we have a really firm path to profitability. We have more than enough capital to get us to profitability so, look, the whole short seller world is like a weird world to me sort of the antidarkness thing. Understood. But that is not where we live we create a great brand and Great Company and making sure that we actually keep fakes off the market we do it every day but we also provide an Amazing Service to our consigners. Which keeps them repeating about 80 every single year. So talk to me, youve got a deal with stall mccartney and burberry and people are telling me there is a possibility that Louis Vuitton could be coming or rich mont is that a pipe dream. In working with us. There is some strong laws in europe and theyre raising the visibility of the Environmental Impact of fashion. Both fast fashion and Luxury Brands those laws are forcing them to reconsider their sustainability pact with the planet and they have to change so i would say, yes, im in discussions with big brands right now. And it really is to get people think about the circular economy and get reinventing on the planet. Do you make your life hard by giving statements periodically about how everything is real when we all know no one is perfect. Sothebys is not perfect. Christys is not consider. Do you set yourself up to some degree for a level of criticism that may be justified because it is impossible to be perfect. I agree it is impossible to be perfect but we strive to be perfect every day. And that the teams intention every single day and their actions and by the way and our consumers tell us we are the safest place to shop on the internet and that is what we do every day. So lets go back to notion of a copywriter and authenticator why is there a difference . If youre training people, theyre either copywriter or authenticator. Im confused there was discussion in the piece about how some authenticators chanel versus fendi and some got authenticators and to me it is a bit of a jumble. No, it is not the copywriter title is a throwback to when we first started. And by the way, let me say, that is going to go away because were automating copywriting using Machine Learning so by First Quarter the majority of things will be written by a machine. So the title sort of an old title. But the job is changing pretty dramatically even as we speak with Machine Learning and ai. Explain for our people who may not be as savvy, does Machine Learning mean they could spot fakes a copy write, ill talk about their old job. The first job is they looked at a piece and they checked to see if it was fake, they wrote what you saw on the website and they physically wrote it through a combination of pulldown menus and writing it and now what were moving to is things are authenticated and a photo is taken and it extracts all of the attributes and preforms the product. So they wont even writing things or checking it. So theyre job is changing pretty dramatically. But i think the key is nothing is static. We keep changing and a combination of Machine Learning and Artificial Intelligence and changing our processes and we change them because, a. , were getting smarter and we know it works, and b. , we have to change because counterfeiters get smarter. Will you be able to make across the board not some shoes are auj ebt cated and some dresses are by copywrite youre going across the board the job is changing consistently and this will help put things in perspective. Our gmv, a third of the revenue that we sell through and get in is fine jewelry and watches. Those go off to gemologists and watch makers. If we were christys we would call and we call and sothebys and tiffanys and rolex. So those experts some things because we have a lot of great ai we have a high risk for counterfeiting. Those go off to our master authenticator and they tend to come from the brand. So they are coming from fendi or Louis Vuitton or tiffany or christys or sothebys so they do go to an extra level because over time that is where the money is other things went to another level, a group, the low risk and they still authenticate it but the difference is they wont write copy in the future at all. I understand our report i thought was a good one and that the Network Stands by it at the same time i think there is two sides to every story. You have a very good fastgrowing business. Have you gotten feedback from the piece . Are you worried about trust in realreal i worry when anyone takes a onesided shot at the company. Again i know that is your story my story is i built a business over eight years and we have a Net Promoter Score of 70. 68, it is a good number. And we work every day to keep our trust. Every single day so regardless of what people write about us or what happens with the stock, our business just keeps getting stronger and the team is focused on both keeping fakes out and providing a Great Service to the customer merz. Thank you for coming on i think that this is the new frontier of retail because people dont want their stuff to go to a landfill and there is a lot of good stuff that is worth a great deal that we dont want to do that so thank you so much for coming on that is julie wainwright, the ceo of the realreal. An 18 stock was at 30 and at 12 and 23 and the quarter was a good one mad money is back after the break. Sundown vitamins are all nongmo, made with naturally sourced colors and flavors and are gluten dairy free. Theyre all clean. All the time. Even if sometimes were not. Sundown vitamins. All clean. All the time. The amount of Student Loan Debt i have, im embarrassed to even say. We just decided we didnt want debt any longer. I didnt realize how easy investing could be. Im Picking Companies that i believe in. I think sofi money is amazing. Thank you sofi. Sofi thank you, we love you. Filmgate is growing really staffing a small bquickly and. Sofi tis challenging. Ve you. I needed to fill a production coordinator role. I was looking for someone with specific skills. So i posted a job on linkedin. Maribel had all the skills i was looking for. And looking at her profile. I saw shared connections. That was a plus. But the most important thing. Is the ability to connect to people and she had it. And i knew. She was the one. Post a job today at linkedin. Com grow last friday when we did the exciting live show from the u. S. Air force academy in colorado springs, micron isnt a commodity and sam outlined the bull thesis, and d ram and flash chips and they seem likely to bottom and maybe d ram is bottoming slower than flash but the stock is extremely low valuation makes it too cheap and selling for less than nine times earnings i was impressed. But micron, at the end of september, they delivered stellar results, and the quarter were in was viewed as tepid and the stock did get hurt from 48 to 43 and working up in a powerful semiconductor rally wondering if a selloff might have been a mistake. I might be one lets dig deeper with Sanjay Mehrotra from mcc micron tulgs. Thank you for coming and it looks like the measurements that i follow whether it is Free Cash Flow or where we are in the cycle, this is a new micron. One that can sustain any downturn and still be strong. And that is absolutely our goal we are extremely focused on technology, new product, introductions and our cost competitiveness in the market place as well. Youre absolutely right. This is about new micron when you look at 2019 with steep price in the industry we produced the second best year in the fouryear history of the company. Second best year for Free Cash Flow and profits of the company. You came on our show and you announced that gigantic buyback and people except for a couple of us for students that the buyback wasnt real. You were in there all of the time in terms of the amount of stock. In fiscal 2019 we did buy back 2. 7 billion of the stock we had Free Cash Flow of 41 billion to 65 of our Free Cash Flow went toward the buyback. In fiscal Fourth Quarter our Free Cash Flow was lower because of the conditions in the market place and with respect to the pricing and us wanting to mayor sure that we continue to invest for the longterm in terms of capex, expansion, et cetera. But that season, when i looked at the following pcs, my friends and when i look at data center and speak to lisa sue and i speak with sky workers, not as bad as people talk and talk to corvo and qualcomm and look at 5g and read your own summit sand anna i see every business turning up big in 2020. Absolutely. First quarter of 2020 we tend to experience seasonality in the First Quarter so, yes. That quarter, demand could be somewhat impacted. Weve talked about china, perhaps some customers building some inventory in china. Exactly how that plays out given the trade uncertainty we have to see. And we have had certain shortages on our end as well in terms of supply side. But then you said you have the other side too. Well look at the other side. When we go past calendar First Quarter and we really look at the demand trends in the mark place and 5g like you said and 2020, about 200 billion plus smartphones with 5g phones will be sold and with the experience they provide it needs more d ram memory and mobile phones now is 12 gigabyte of ram and one terabyte of flash. So the trend is not just 5g, but certainly cloud and data center and ei and iot for memory and storage. Put in context what you just said gigabyte, it used to be four gigabyte and you talk about eight and now 12 that is a dramatic amount of interelect youll property of micron much more than the bull stick. So memory has absolutely become essential in this data economy. And you cannot do without more memory because now compute has got to a point and communications with 5g have a point with low late epsy and iot and Data Insights have to be drawn from that data where does that live, it lives in the products that micron makes so average capacities of d ram, content and in smartphones continues to increase, by approximately 25 on a yearoveryear basis when you look at 2018, 2019 being about four gigabyte and 2020 expected to be about 5 gigabyte but same story applies in the data center as well. I think that someone who is watching will say jim youre very excited about 2020 but we have to deal with d ram pricing which is still going down and have to do with nan may be good and you have to ask sanjay how could you be sure of d ram prices which is the majority of what you make are still going lower, why should we have conviction to own the stock of micron. You are right that d ram is continuing to be a competitive market place and i talked about we provided guidance for the fiscal First Quarter and provided som on calendar q1 dynamic as well but then i look beyond that and that is what i think investors have to look at, the longterm in our markets really in my history this is the best time ever for memory and storage. Longterm demand trends are absolutely secular in nature and micron in particular is a very different micron in terms of how we are focused on roi on investments and driving technology and Product Portfolio expansion to meet the customers requirement. That is the line i like more of a Product Company than weve ever been. Absolutely. And not just about the Product Company, now talking about Product Leadership company at micron insight on october 24th we announced 3d cross point products and the fastest solid data drive and early days and well talk some time for it to build up but it points to our focus on absolute leadership in the markets. Thank you so much for coming on it is a privilege to have you on the show youre probably the most important in the industry today. And as Sanjay Mehrotra as the president and ceo of micron and the symbol is mu and i like the stock because it is not the same old micron that i traded in the 90s that i worried every minute that i owned it. Mad money is back after the break. Sundown vitamins are all nongmo, made with naturally sourced colors and flavors and are gluten dairy free. Theyre all clean. All the time. Even if sometimes were not. Sundown vitamins. All clean. All the time. It is time it is time for the lightning round. And then the lightning round is over are you ready . The lightning round. Start with andrew in South Carolina andrew caller professor jim i have a South Carolinan booyah for you. What is up . Caller i was wondering about a stock that you covered, the cloud king set to go to fmar with yeah, you know, it is just another ive been doing work on this about the too many cloud based companies. That comes under the too many cloud based companies. Im sorry, i have to put it there. To marty in colorado marty . Caller a big bolder, colorado, booyah to you. My sister in colorado. Caller and i recently help them migrant from rapidly performing funds into individual stocks heaviest weighting is kirkland weight gold. I do prefer niko eagle or prefer bear ac but you know what, kirkland is a good company im not going to rule that out and i do like gold ive never hidden that to vincent in tennessee. Vincent . Caller jim, how is it going. Not bad how are you . Caller doing well. My question for you is what is your opinion of the companien mode sometimes i think it could be like nova cure, speculative stock. But i want to make it very, very clear, if youre thinking about buying it, it is real speculative and it is had a gigantic run and youre not early to that one. Lets go to barbara in texas. Barbara . Caller hey jim happy thanksgiving coming up to you and your family. Thank you and the same. Caller what is your take on arifta the last quarter was bad and i know this is going to sound like im punting but i very much actually after hearing about one Big Data Center contract that didnt seem to come through, i need to speak to i need to speak to management and speak to jay freed and youll get a fair hearing so i could understand what is happening. Were not done to mark in wisconsin mark caller jim, thanks for taking my call my stock is am corp technology. I thought when i thought how many more could there be maybe there could be am corp and then it moved a lot but it is not an expensive stock relative to the history but it has moved too much i have a lot of data dogs out there. Meaning stocks that have moved too much and that, ladies and gentlemen, is the conclusion of the lightning round. Announcer lightning round is sponsored by Td Ameritrade rade . Exactly. Sounds like a case of analysis paralysis. Is there a cure . Td ameritrades trade desk. They can help gut check your strategies and answer all your toughest questions. Sounds perfect. See, your stress level was here and i got you down to here, ive done my job. Call for a strategy gut check with Td Ameritrade. Whether your beauty routine is 3or 57,. Make natures bounty hair skin and nails step one. Its the number one brand uniquely formulated for silky hair, glowing skin and healthy nails. Natures bounty, because youre better off healthy. The amount of Student Loan Debt i have, im embarrassed to even say. We just decided we didnt want debt any longer. I didnt realize how easy investing could be. Im Picking Companies that i believe in. I think sofi money is amazing. Thank you sofi. Sofi thank you, we love you. Filmgate is growing really staffing a small bquickly and. Sofi tis challenging. Ve you. I needed to fill a production coordinator role. I was looking for someone with specific skills. So i posted a job on linkedin. Maribel had all the skills i was looking for. And looking at her profile. I saw shared connections. That was a plus. But the most important thing. Is the ability to connect to people and she had it. And i knew. She was the one. Post a job today at linkedin. Com grow last night we learned that google, the googles playing god and not a benevolent god with project nightingale. They plan to have your medical history without your permission and safeguards that i think you and i would like why would google do this in secret 2600 medical facilities and given the data and did anyone at alphabet consider how nefarious this all sounds even if it isnt. With trust issues you think they would be more worried about Public Opinion and that is the problem with the darn faang stocks it just keeps happening. Facebook, amazon, apple, netflix and google and now alphabet they all seemed to be plagued by such headline and much is selfinflicted i cant tell you how many times im tried to get them to partner up with lucerna. I think apple doesnt want to do that because they think it is not totally aboveboard i mean, what google is doing with project nightingale is so much worse of course even if apple has the right attitude, they clearly didnt realize they were wondering into a mine field with the new credit card which is being accused of discriminating against women and they dont know if you are a women or not married couples filing combined taxes they are getting a different amount and default to the cleanest player and maybe default to jp morgan and apple should do too stob making it to so you are reinventing the wheel. Apple is getting the business. Anything goldman does anything they do wrong blows back on apple. Now i think maximum transparency and credit card is a different industry with different mores. You could see Bravo Facebook for taking action. Might dent their numbers or say wait a seconds didnt know it was hurting the Mental Health of teenagers. And chasing lawyers and [ inaudible ]. There was an article this morning in the wall street journal amazon heavy recruitment of chinese sellers puts consumers at risk and i read this story i have no idea what they are talking about and but it is another dubious that target or walmart isnt doing or costco and again it is secretive. And we cant pay as much for the big tech stocks as we used to. Dont the ceos see that because the long are out for them. So maybe netflix isnt involved with regular scrutiny but disney plus is facing serious competition. Is there anything that can be done here . Yes. And that is what is so frustrating. Facebook and alphabet and amazon and apple need to be more like a company that has been through the ringer more like microsoft. Develop businesses that arent secretive. Be transparent in everything you do most importantly, use the old adage i was taught by my lawyers 35 years ago and what drummed in my head, so how would you that look on the front page of the New York Times or how would they look on the front page of the New York Times and the answer is bad. Some optimal so dont do it these stories all look terrible which brings to the real reason why the faang names seem to be in hot water these companies are run by brill innocent people who have forgotten how ordinary americans look at the world and keep putting themselves in positions where politicians could tear them to shreds and they need outside lawyers to stand up and get the people to realize what the truth looks like and stop generating horrible publicity but in sort the Silicon Valley executives need to stop thinking about the stanford computer scientists they are and tart using common sense and seek more truth. When congress and the Justice Department are gunning for you, doing anything else that puts a target on your back is pretty unwise dont you think but the patience gets the best of them and longterm that is not good for the shareholders or frankly themselves stick with cramer. Were a reliable partner. We Keep Companies ready for whats next. man we weave security into their business. Virtualize their operations. woman and build ai customer experiences. We also keep them ready for the next big opportunity. Like 5g. Almost all the fortune 500 partner with us. woman when it comes to digital transformation. Verizon keeps business ready. [spokesman] if youve tried colleg group cheering shed, snhu lets you transfer up to 90 credits toward you bachelors degree. [woman] it doesnt matter how old you are, you can do it, you can finish. [spokesman] finish your degree at snhu. Edu high protein. Low sugar. Tastes great high protein. Low sugar. So good high protein. Low sugar. 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