And ask about rand gold versus todays rally, second one in a row 496 points, rising 1. 5 , clorox, clorox wipes, you want to buy clorox. Nasdaq dipping 1. 4 , shows wall street has faith in the stimulus Charitable Trust owns it, some plan we came in weak it this morning, higher looking to buy it back then roared, sacrificing gains lets of go to gary in florida, gary. Caller i respect your at the close because a handful opinion and insight. Of senators are holding up the love to hear your thoughts on bill ice. This stock has fallen down in Bernie Sanders thinks its too generous to corporations a straight line. I say its possibly too generous its like its selling ice to he right now. It was the sanders discordant is eskimos. Theres multiple trading threat that freaked everybody thats not the end of trading, out. Hes not trying to change the thats a buy were not done bill were going to trevor in texas hes trying to fast track it sideshow, please, no panic trevor caller jimmy chill clorox. The stocks that won big today at the peak were the techs, the my wife said its not the industrials, even the oils time to chill. Net tells you that the buyers okay, no more chill. Believe the government can whats up, man bridge the gulf between now when krona cases are still climbing caller im the quarantined baylor student sitting here and later when the scourge is looking at utilities finally vanquished is their confidence misplaced . I see what i think are good numbers. The Bipartisan Senate bill shows much greater resolve than we had i see 1. 2 billion in revolving going into the Great Recession credit last week, dominion washington is pulling out all energy the stops to get money to people we like dominion. You watch the show who actually need it that plus the delayed tax what i say is stay with nca and filings are a huge offset for march madness. You were going to be in the top bracket. Employees and employers alike. And thats the end of the lightning round. [ buzzer ] Steve Mnuchin understands leverage, a person who built and run businesses makes me announcer the lightning round is sponsored by td confident hell be able to put ameritrade the 500 billion earmarked for i see an unbelievable opportunity. Treasury to good use to save i see bestinclass platforms and education. I see awardwinning service, industries that need saving as and a trade desk full of experts, well as large and Small Businesses that are hanging on available to answer your toughest questions. That are the base of our and i see it country. The idea small and large with zero commissions on online trades. Businesses can make loans and i like what youre seeing. Its beautiful, isnt it . Yeah. Forgiven is genius i want them to take the pledge Td Ameritrade now offers zero commissions on online trades. To keep people on the payroll for at least 30 days even if your business is closed as mine are. If we keep our heads collectively above water now, should they downsize . Nesters now. These enterprises will be able probably. To thrive once its over it will be over. Will they . Sooner or later it will end. Not as long as thanksgiving is a holiday. Planning for the future is about more than just money. I know its easy to be pessimistic. I found myself this morning on let equitable be your guide. Squawk on the street, bummed out. We have to pick each other up. The horrifying numbers are horrifying think of this, asia is already bouncing back from this. They were more aggressive containing the virus in the first place. It will take us longer im conphillip dent well get there eventually until then the peoples republic of china has an amazing opportunity by sending us ventilators and face masks they dont need and theyve got tons of them. The important thing is treasury secretary mnuchin knows where money needs to go. Thats why it looked like the market was going to come back, buyers flooding to sensitive stocks they depend on china we know the chinese economy is back in business because nike put up incredible numbers last night. Starbucks has told us on the shop and the online amazonlike sellers in china are going unbelievable great guns. Alibaba, ten cent. Secretary mnuchin will do whats necessary to protect the jobs like boeing. Thats why that stock skyrocketed today. Dow leader up 24 , the airlines, they have to preserve that industry, too. A lot of jobs. I know Speaker Pelosi called this 500 billion fund a slush fund, and Bernie Sanders called it corporate welfare fund. You know what, we need corporate welfare right now. When youre on war footing, you have to use the analogy like a drunken sailor to win. Oversight provisions Speaker Pelosi is checking off on, when you leverage 500 billion you have not a bazooka. A thermal Nuclear Weapon to destroy, destroy all the pessimism and put the money in the right hands. But and this is the near must but there are some things this stimulus package simply what works and what doesnt. Any given time there are cannot do. Companies that are doing well, it wont create demand at a Time Companies are doing okay, so many consumers are fearful companies are doing poorly, right now we also have a fourth and it will not defeat the Category Companies that are currently coronavirus. Stinking up the joint but should at the end of the day this is thrive when things get back to still a Public Health emergency. Normal holy grail, companies that are we can mitigate the financial crushing it now and will keep damage here. Crushing it after the smoke thats the whole point of the bill the economy wont come back until we beat the pandemic and thats what they did in china. Clears because theyre riding thats what we need to do here new powerful secular trends we we still have say long way to didnt think about before the go, though, which is why i pandemic this quarantine has shown the remain somewhat skeptical of world how easy it is to use zoom this rally as you should, too. Did you see how easily it was video. Even dufuses like me can make it knocked down going into the bell thats not a good sign im betting we manage stocks work people working from home, zoom is a necessity after they test the lows i bet its here to stay. Many will hold the lows. Turns out millions of people can the economy cant recover until do their jobs fine from home plus you can take back an hour we quash the outbreak. Or two that might have been we need to take a shortterm stuck in traffic, cutting carbon 4i9. The bigger the stimulus more emissions. This outbreak has been a able to handle the hit the bigger hit we take, the gigantic society wide proof of faster this will be over concept of working remotely. To truly eradicate this thing i think zoom is a hero here. You have to do what they did in cisco has a terrific video china, a total lockdown. New york doesnt have a total conferencing platform. Its not a pure play lockdown next is z scale. Governor cuomo is trying to rein have you seen this its amazing this cyber cloud is an amazing play for people working from it in. Theyre acting like theres not home i like cloud strike, too a problem. Theyre as happy as clams. And teledoc which we heard from you have to stay home. In san francisco, on the other monday is taking the world by hand, were staying home, not storm. Who wants to sit in the waiting room when there is an illness we voluntary. They are seeing far fewer have no immunity for raging in infections than new york the country . They clamped down more the work from home economy is so aggressively lets of learn. We can stop the pandemic in its strong building leases could be hurt by this tracks maybe thats why you see some review every five days after deals break down that let the stimulus tyus over all the companies were doing really well before the through the emergency. I know it sounds extreme coronavirus outbreak and theyre going to keep doing well after without that kind of quarantine this pandemic can carry on for theres a portfolio. Not diversified, though. Months in part, our doctors and nurses one more thing here. Need masks, they need gowns, all you know who else is thriving . Nike sorts of protective gear they reported great chinese most of all they need numbers last night i wouldnt chase it, but i think the stock is a buy on weakness ventilators, including cpap this aint over. Machines without thousands more second category, we have the people will die. Slow and steady win the Race Companies doing fine now keep doing fine because they thank god they are involved. Make drugs or Consumer Staples just 25 , its a meaningful i saw hershey go up. Triple Balance Sheet, strong deceleration if we want the growth rate to keep slowing, we need to keep quarter, excellent pipeline, a staying home i hate it. Good solid business. You hate it. We got to do it. And we need to invest a lot more heavily in our Health Care System so everyone fighting this basically recession proof. Virus gets what they need. On top of that we should be who is struggling but will thrive when things get better . Testing everyone at this point were not and thats a problem im going to start with apple. China is coming back online, same thing in europe, united businesses with good balance states Retail Stores will be open in sheets are coming around china. When it happens i expect apple mark benioff pledged to pay to come back stronger than before employees 30 days even if they thats why the Deutsche Bank dont come to work upgrade resonated so much. Apple can be bought. Especially as it teatered. Kevin johnson, c. E. O. Of sturks pledge today do it stock teatered in the close matt maddox is doing it from after a constructive session winne resorts. Theyre giving them 90 days to one i havent talked about is facebook pay whether theyre working or they cut numbers yesterday not. Those are the hourlies because their advertising business is getting hammered more Big Companies need to take its not as strong as apple, but the no layoff pledge they can afford t. Were seeing it might be worth owning a good start cvs, walmart, hiring tens of turns out facebook is more thousands of people giving cyclical than people thought at the end of the day its terrific bonuses rewarding advertising and ad is sickly amazing stakeholders call theyre not monetizing yet but cisco, its giving 225 million they could end up monetize being. To fight against the finally the losers that couldnt recover with federal bailout coronavirus. Its own government tell me what youre doing. Money. Take the pledge. Let me help you take the pledge. I keep saying we need to go on war footing. This is not like world war ii where we had to meltdown copper, cruise stocks rorared they cant make people can take cruises. These things are incubators for the virus. Steel, Everything Else they cant recover until people stop being scared. When we beat this thing and the war against coronavirus will be with gowns, masks, people people put it out of the memory, these companies are cyclical and staying home, companies agreeing not to layoff their workers, secular losers my wife and i were about to take paying them while their stores and businesses are closed. A cruise before the outbreak its a war where the government needs to spend a fortune to keep seemed like the lines that used the economy alive and find some to ferry people across the kind of cure, vaccine. I think theyre up to it atlantic when ships were kings now i see them as hospitality at the depths of great depression, some good, some bad, maybe turned hospital ships. Desperately searching for a port some worked, some didnt that might take them but there was one called the National Recovery act, the nra zoom, if you still own any it wasnt that great, but you cruise stocks, you have to use know what their motto was . The strength to get out of them we do our part even if the government does the the nra, we do our part. Best to save them. I know its going to try the bottom line, everyone must recovery for these companies will be years out. Do their part if were going to good for the customer when it make it through this without comes to prices, but terrible when it comes to the stock catastrophic loss of life. Stay home if you can sell, sell, sell. Slow the spread. Stick with cramer if you have money to spare, donate that so doctors and nurses can have the masks and gowns they need to keep people alive. We do our part think big. Donate big you will never regret it matt in arizona, matt. Do you have concerns about mild memory loss related to aging . Caller hey, jim. Prevagen is the number one pharmacistrecommended love the show. Thank you, buddy. Memory support brand. Caller do you think Marathon Petroleum is a goodb buy right you can find it in the vitamin aisle in stores everywhere. Prevagen. Healthier brain. Better life. Now . The refinery margins, i use at cdw, we get that trying to simplify data storage rusty brazil the offers are awful can get very complicated. You know what you do with that but cdw will assist your needs and implement move andrew in texas, andrew. A dell emc unity xt allflash unified caller hey, mr. Jim, booyah storage platform. It delivers speed and efficiency, while providing simplicity and flexibility. From mccallum, texas thats where i want to be for unified storage platforms, whats going on . Caller ive only been you need dell technologies, and it orchestration by cdw. Investing for three weeks. Im calling in on el dorado resort or eri. Mr. Jim, i bought in on the 20th at 10. 37. Now its up to 16. 50. Should they downsize . Nesters now. Thing is last week you said you dont want any casinos probably. We had a nice bounce back will they . Not as long as thanksgiving is a holiday. Here id say its time to do kaching planning for the future is about more than just money. Kaching sell half of that and put it in let equitable be your guide. An s p index fund. You just started lets do diversification thats what happens in golf nothiand in life. Ily. As well as good stock picking. Im very fortunate i can lean on people, you beat me on that one. How about michelle in and that for me is what teamwork is all about. You cant do everything yourself. California, michelle caller hi, jim whats up caller i really love your you need someone to guide you show and i watch it ever and help you make those tough decisions, thats Morgan Stanley. Thank you sof much. Theyre industry leaders, let me not let you down. But the most important thing is caller go ahead. They want to do it the right way. Im really excited to be part of the Morgan Stanley team. Sorry. I dont want to let you down. Caller thank you for all youve done for me as an individual investor. Im justin rose. Youre quite welcome. We are Morgan Stanley. Caller i got excited about resolve group rvlv and bought 100 shares in 2019 at 22. 45 a share. The stock is trading in the 8 to 9 range. Michelle, the world changed i mean, i dont know how else to put it the world just changed and what was good then is not good now. Market looked great today. They have a Good Business model. We thought checks would be in the mail i cant tell you to sell it at checks are held up then markets 8 we have to understand the are cut in half. Decisions we made did not see they have to get the money to the people we could have a good rally if it werent for the fact theyre covid19 coming. And if you want to insulate from delaying the money to be put in your hands we cant have that happen any covid19, you need a good more Balance Sheet, good demand no it is too dire and we must do our part matter what. Stimulus package to work the i always like to say theres a magic. Bull market somewhere and i we need to smash this thing, promise to find it for you here billions to smash it, then on mad money. Revolve will come back i am starting to see some im jim cramer ill see you tomorrow. Positive signs from the business please do not miss a cnbc community. Im seeing positive climbs from special feature, town hall pandemic and the path forward treasury, i like the 500 with my good buddy scott wapner. Billion. I have to be a little skeptical im watching it. You should, too. Of the rally because so much has to go right. But you know what we can do, you and me we can do our part think big. Donate big mad money tonight, Western Digital. Dave donated 6 00 p. M. Eastern, cnbc. Has soared in a matter of days tonight marks the 87th day can the economy impact the of the coronavirus crisis. Market i have the c. E. O as stay at home orders stay a pandemic that began in china across states, how is lowes and swept across the world has handling business at a time in tanked the global economy. Covid19, talking about doing the right thing, a huge heart, in this country, massive amounts of wealth have been wiped away firsthand, look at the Small Business environment, too, with the c. E. O. Of paychex. The dow is down 25 from its by the way, dont write it off highs hit just six weeks ago yet. Dont writeoff Small Business. Small business is coming back. Stay with cramer tonight the latest on the pandemic and the path forward with some of the biggest voices announcer dont miss a second of mad money. In American Business whats next for all those who follow jim cramer on twitter have as question . Have lost their jobs tweet cramer, mad tweets. Businesses put on hold send jim an email to madmoney cnbc. Com. Or give us a call at 1800743cnbc miss something head to madmoney. Cnbc. Com. Show me reality. Tv. Where my hobbits at . Play lord of the rings. Play my straight outta the shire playlist. I want to see the king. Find lebron. Search more cartoons. Play the last o. G. Take me to the streets, play sesame street. Me want more cookies. Find the things you love with a voice command. Introducing at t tv. With live tv and access to streaming apps. Plug in and watch, with easy selfsetup. Shipped directly to you. Its more than just fast. It keeps all your devices running smoothly. With builtin security that protects your kids. No matter what theyre up to. It protects your info. And gives you 24 7 peace of mind. That if its connected, its protected. Even that that petcamera thingy. [ whines ] can your internet do that . Xfinity xfi can because its. Simple, easy, awesome. [ barking ] let me tell you something. We need this 2 trillion stimulus package especially as you see how the tech stocks fell apart when senator sanders threatened to stop the bill this very afternoon. Its not going to prevent a global recession, but it will mitigate damage. Thats why i want to be cautious about roaring this week. Historically this is a business that gets clobbered when the economy takes a big hit. Thats why the Stock Plunged 62 from its highs in january to its lows last thursday it caught fire, losing 50 in a matter of days theres an opportunity beckoning in this market it still seems cheap selling 6 times next years earnings forecast if the company can make its numbers and maintain its dividend, the competitor said good things about Western Digitals end markets. Lets try to figure this whole thing out with the new c. E. O. Of Western Digital who just took over he used to be in cisco welcome to mad money. Thanks, jim its great to be here. Well, david, they threw you right from the frying pan to the fire youve been there a little bit tell us why you wanted to take the job. You had a very highlevel job at cisco. Chuck robbins speaks highly of you. You felt you wanted to run the show jim, yeah so first of all, chuck is a great friend, supporters and great leader cisco is a Great Company when i was there i ran the Worlds Largest networking business, i ran the Worlds LargestCyber Security company i think it gave me a pretty unique perspective on the world and whats going on. I had a chance to talk to every customer out there the amount of technological change being driven now, both by cloud computing, device eco system, mobile broadband, this is just completely changing everything about the way business is done, about the way all of us lead our life. That world is powered by data. And thats where Western Digital comes in the company, in my view, provides one of the Raw Materials of the essential elements of the Digital Economy and i think were very well positioned i think this transition is relatively early and weve got a long way to go before this penetrates the global economy. So micron tonight talked about stronger pricing in some of their businesses. Obviously they have some overlap with you they talked about a recent increase in demand for notebooks. Theyre basically making a story and the stock is going up after hours, that actually despite what you may hear about covid, there is some pretty good demand out there for some of the secular trends of our time yeah, thats exactly right, jim. I mean, the demand has been what i would say is consistent and resilient are two good words that come to mind. Its pretty much what we plan for. Of course, there are puts and takes across the portfolio as you would expect in any dynamic environment. But the business continues to flow the relationships with the customers are great. And the teams are just doing a fantastic job of keeping the factories running around the world so we can supply that demand keeping the factories running around the world, you run the risk be of oversupply. How tight is flash, how tight are drives i dont think we have an issue with an oversupply with the visibility we have at this point. I think the market is about where we anticipated it. You know, i wasnt here when the team anticipated comeing into th quarter. Its playing out about that way. We have all the factories running. We continue to its a very dynamic environment. Every morning its Something Different in different places of the world so the team is adapting to that we think there is good demand out there. Lets start with that for a moment because everyone is on pins and needles about this. I know, first of all, you immediately made a commitment to try to fight in this war against covid. Second, you gave some very good examples about what youre doing in the philippines so people understand, what responsible companies are doing to protect their workers why dont you tell us what youre doing yeah, so, this is a really interesting story. The team has been doing this if you think back, we have factories in china the team has been doing this going back to january. And its been just fantastic to watch them, what they learn in one country apply to another whether its providing all of our employees with thermometers, all the social distancing practices that are being practiced in the factories, the way we get our employees to work and changing that so that theyre safe so really an enormous amount of work it does change every day, but one of the things for us is we have been deemed an essential business by all of the different government mandates that are coming out and so its really and theyve been encouraging us to stay open and keep producing weve been doing that with a balance between keeping our employees safe which is super important by the way, everybody that can work from home is working from home at Western Digital. People that need to work in the factories are working in the factories. Were doing everything we can to keep them safe as they do that and, of course, a lot of these are clean room facilities in the first place. Right your predecessor who we had on many times and like very much made a strategic acquisition, not that strategic, a giant acquisition, i think saved the company in flash at the same time, he took on debt and when you take on debt these days in this market, people say, whoa if were going into a recession, that debt is going to crush us what are you doing about the debt load and is there any way you can tell us how the board feels right now about the dividend yeah. First of all, on the acquisition, youre 100 correct. It was a hugely strategic acquisition. I think it positioned the company incredibly well for the future im super happy what steve did and take over from him he was obviously a great leader. We feel like were in good shape. We retired an extra 900 million of debt this fiscal year we feel like our Liquidity Position is strong we have access to more capital if we need it. Were watching that very closely. So we feel like were in a good position, especially given the business continues to flow on the dividend, well have more to say about that in the future, jim. Im only, i think, on day 13 or 14 pier, so the last thing that im getting is that i spoke to probably a half dozen c. E. O. S today about how real the opening in china is because theres some night pictures that show not a lot of activity, there are restaurants empty. What i get from nike and what i get from tech is that it is open for business and returning in some cases returning in a vengeance. Are you seeing that . Yeah, i mean, we certainly have our factories back up and running. One of the great things i love about Western Digital is we have a very large multibillion dollar business there. Were getting close to normal there. I want to congratulate you for the job, contributing to the cause with money and i hope filling the shoes of mr. Milligan who we like very much who was a bold figure in Technology Good to see you, sir thank you, jim. Appreciate it. Now, we know we have to be cautious about anything tech micron did report a good quarter. There is a lot of overlap because they both do flash i liked what i heard, but remember, its tech. Mad money is back after the graek. Break. And streaming apps all in one place, xfinity has you covered. With simple Digital Tools you can get the help you need. Just say help into your voice remote or download the xfinity my account app. Were working to make things a little easier on everyone. Should they downsize . Nesters now. Probably. Will they . Not as long as thanksgiving is a holiday. Planning for the future is about more than just money. Let equitable be your guide. You know i was skeptical of the bounce if we dont defeat covid19 and of course if we dont get the governments payments, the stimulus to the people, but there are plenty of stocks that deserve to bounce this week because they probably never should have been down so much in the first place. Take one of my favorites, lowes, the huge Home Improvement chain. This is a brutal time. It does have existential risk thanks to the turn around of he will i son, the company is in great shape. Lowes can afford to do right by their employees. Their workers get four weeks of paid sick leave. They are given all Hourly Associates a cash bonus. 350 for parttimers theyre actively hiring people for 30,000 positions across the country because the stores are open to cellie essential products one of the guys i mentioned at the top of the show. These are not the actions of a company thats floundering 60 last thursday, send bargain hunters sending the share back to 83, including a monster chase today. This could be worth buying when the market sells off again i think so lets check in with marvin he will i son, the bankable president and c. E. O. Of lowes mr. He willellison, welcome baco mad money. Good to be with you tell me what you and your associates are doing right now at your stores to do well for your customers, your shareholders and, yes, the country. Jim, the first thing the health and wellbeing of our associates and our customers are the top priority and our associates are true heroes during this time our key is to make sure were providing those essential items that customers need for their homes, things like refrigerators, freezers, things that make their home safe. And twothirds of everything we sell are nondiscretionary items, which means that customers need these things every single day just to keep their homes functioning appropriately. And we want to be there for the community. So what im understanding when you say that, there are customers coming by. Sounds like its the end of commerce in this country youve got some Good Business. Jim, we have business because this is our key peak season, spring but most importantly, we just want to be there during this really unprecedented time for our customers, to give them what they need. As customers are spending more time at home, theyre finding projects around the house they need to work on theyre putting off for a long period of time. Were doing all we can to take as much pressure off, but to give their homes the ability to give the customer the comfort as they hang around a little more than theyre accustomed to how are you reconfiguring stores for covid and how is online going because i know you were a little bit unhappy with yourself online have you been able to get where you want to be jim, about twothirds of our Online Platform is now on google cloud. As a reminder, at the beginning of 2019, we were on a decadeold platform so the work that the i. T. And our online time has done the last 12 months has paid benefits as online is picking up during these unprecedented times. Were taking aggressive steps to keep the store clean, to make sure were reminding customers of social distancing requirements we need to all adhere to. Were doing our best to make sure the store environment gives our customers and our stores a source of comfort they need to come in and interact so they can get those essential items they need marvin, a lot of people are worried about retail and credit. A company that gets as much money from the credit as you did the other day, 4 million, tells me people have confidence in what youre doing. Jim, were blessed with a good Balance Sheet im a believer its important ta take prudent steps for the unforeseen we want the ability to tap into any needed flexibility from a liquidity standpoint if we need it so, again, we feel great about our liquidity. We feel great about our Balance Sheet. We want to take the prudent steps in case the unforeseen occurred washington seems up in arms about buy backs. No one is saying anything bad about c. E. O. S that buy back their stock. Youve been quite active buying the stock into this weakness jim, im a believer in my company. Im here for the long term we think that we will create a great value and well create a great opportunity for shareholder value over the long term and as c. E. O. , if i dont have confidence in the company, then i dont know who will. Youre also doing things i think are very important for the community. 25 million support the emerging needs of associates, i thought this was interesting a 10 million donation in essential protective products. That seems to be a real hole in the fabric of our country, and youre doing something about it. But how is it possible that we dont have that and that individual companies such as your own have to take care of this well, jim, i think any Large Company has a Civic Responsibility to do all we can to help our community. And the moment we realize we had these shortages of n95 masks, we start today look around our entire supply chain and look at the Health Care Providers and we wanted to just do our part and so we started to distributing and donating these n95 masks to nyu langone medical center, emory university, north carolina, Health Care Providers in california, Washington State its our responsibility to be a good Corporate Citizen and we felt like thats just one example of doing that. Now, i think its important to point out, marvin, there are customers, great construction people including my friends who come by and they hear that and they know, you know what, lowes could be making more money than it is, but youre doing whats right for the country with that. Well, jim, these are unprecedented times and we know that at the end of the day, as an american citizen, an americanbased company, we want to do all that we can to help our company through this unique crisis that were in look, we dont care at all about anything other than trying to help make sure our associates, our customers and our communities have everything we can provide so we can make it through this successfully as a country and a community. And theres also things that youre doing that i like for employees. We have had of a revolution in this country we talk about it almost we have to vote on it almost every week teledoc, does anyone recognize how important this is as a way to keep people at work and not have them go to waiting rooms where they get sick . You fully embraced it. We fully embraced it, jim and irrespective, if you have signed up our medical benefits program or not, every associate and their family, even if youre seasonal, has access to our telemed program so you can dial in, get a consultation from your home without having to go to the doctors office. To your point, we feel like thats the minimum thing we can do for all our associates during these unprecedented times. All right people have to recognize the big changes in your store. You know that i used my wife goes to our brooklyn store its bloib a block and a half away from us if i went there now and said, you know what, i think i can do work, please put me to work, lowes is that how i can get one of those jobs youre offering i know theres going to be people hurting for jobs . Jim, you can do it two ways you can go to lowes. Com under careers and you can go to any store that we have in the Chain Distribution Center or any location and you can apply or you can do it the oldfashioned way. Walk in, talk to anyone and they can instruct you how to apply. Were looking for 30,000 employees. This is something that we feel is important for us to help the need of the macro environment as you have great men and women who are unfortunately looking for work we want to do our part to help out. Can i also point out something that a lot of companies are doing youre doing, extra sick leave. We dont know, gees, we have 10 of the police in this city are sick you are obviously making it so if someone is sick, they dont have to go to work, but they still get paid yeah, jim, two things if youre sick we dont want you to come to work even beyond that, if you fall into the highrisk category defined by the cdc, were giving you up to four weeks of paid time regardless if youre sick or not if you just need the time to redirect some of your home affairs, you have four weeks to do that of paid leave. If you are not sick but you need time as a single mom or someone dealing with an elderly parent, were going to give you two weeks of paid care this is, again, one of the small things we can do to demonstrate to our associates that they matter to us, but also to make sure that we are agile during these really, really unique unprecedented times were dealing in im going to disagree with you. These are the big things people in business can do and youre doing them, thats why youre a winner and lowes is a winner. I want to thank Marvin Ellison for what youre doing for your company and country. President and c. E. O. Of lowes thank you, jim. Mad money is back after the break. Do you have concerns about mild memory loss related to aging . Prevagen is the number one pharmacistrecommended memory support brand. You can find it in the vitamin aisle in stores everywhere. Prevagen. Healthier brain. Better life. But when allergies and congestion strike, take allegrad. A nondrowsy antihistamine plus a powerful decongestant. So you can always say yes to putting your true colors on display. Say yes to allegrad. phone ringing a phones offers big button,ecialized phones. And volumeenhanced phones. , get details on this state program. Call or visit and accessoriesphones for your mobile phone. Like this device to increase volume on your cell phone. phone ringing get details on this state program call or visit you know ive been saying you have to be pretty careful with this rally because we still have a lot of bad news to process. Look at the way the market went down the second half of the day. That could starts, lets say lets get some real bad news thats going to start tomorrow thats when we get the set of first quarantine jobless claims numbers. This market is going to get slammed. So tonight i want to get an early read on employment in america courtesy of paychex, the second largest Payroll Processor in the country small and medium size businesses, the ones under the most pressure from the pandemic. In the last month this stock has been eviscerated because they make less money when payrolls shrink even though they lowered their full year forecast slightly wasnt as bad as people expected it moved up higher 10 before sliding into the close so was paychex punished too much or is this merely the calm before the storm lets take a closer look with marty, the straightshooting president and c. E. O. Of paychex to get a better read on the quarter and how the labor markets are holding up mr. Musey, welcome back to mad money. Thanks, jim good to be here. When i went over your Conference Call i came away with two things there are some industries that are in trouble its 5 to 6 , restaurants, mandated closure there are a lot of companies that are ratcheting back that arent, and this is not, at least right now, something where people say, i have to start firing people or im not going to set up a new business well, jim, i think what theyre really doing now is holding on to see whats going to happen with the stimulus package. As i mentioned on the Conference Call, we had a great Third Quarter as we lead into fourth, we took guidance down a little bit as you mentioned because what we got was People Holding on some, about 50 of those in our app this is live in the last three days inside doing payroll are saying, 50 are saying very minimal impact at this point 40 are saying, hey, ive laid off some people or furloughed them, but im holding on trying to see whats going to happen with the support from the government it does feel, in my talks with the administration, also with congress, that this is actually a real stimulus package. This is not something shovel ready, hoping theyre going to build something on the turnpike. This seems with the 500 billion that could be leveraged by secretary mnuchin put to work that the companies you deal with are actually going to get some money to stay open to pay employees, and then to have the loans forgiven by the time we beat covid were impressed with the degree and the speed the federal government has done here to get a real stimulus package for Small Business the thing is how fast can they get the cash flow to the Small Businesses you know how that works. They need the cash flow if theyre going to pay people, if theyre going to hold them together two weeks ago we had full employment their Biggest Issue was finding people now they want to keep them and make sure they can rebound very quickly. So we need that cash in the hands of Small Businesses fast while theyre Still Holding on i also think people have an older view of paychex. You have a number of other businesses now that are very sticky theyre not the kind of thing where theyre going to call you, you know what, we are not doing business with paychex. We have no need for paychex. Those days are no longer the paychex we know. Well, thats exactly right. We talked about it on the call that 50 of our revenues come from nonpayroll and nonSmall Business as well so we are very strong from a technology standpoint now, and thank god for those investments in technology because they have positioned us very well to support businesses, frankly remotely we have Online Training for your employees. We have an app, mobile app that is very strong you can contact all your employees through the mobile app. You know, you have pay on demand now. You can pay your employees after their eighthour shift we have a lot of things people can do remotely to keep Small Businesses strong and in business at the same time, i think it was great you put it right at the top of your call, youre the largest 401 k Record Keeper in the u. S. Are people still saving . Are companies doing the right thing . And why do you think i should tell the treasury secretary tomorrow ive been trying to say, listen, lets loosen up on the 401 k , people can pull something out of it because we need to help people tide over . I agree, people are looking to 401 k to make loans. Waive a lot of the requirements, waive a lot of issues where its difficult to take it out were trying to make it easy to take a loan from the mobile app if thats the way you need to do it, you can get invested if this thing turns around its not like the last financial crisis that went on for probably seven quarters this we hope will be less, and therefore, the rebound we expect will be much faster. Again, i want to emphasize to people restaurants are very small part of the mosaic i know people are very worried about that but what is going to happen to the restaurants, marty well, you know, jim, i think what were finding is, again, theyre trying to hold on, too there are only 5, 6 of our business, but a very important part of that and theyre an important part of the economy. If we can hold on, if they can take out where theyre shutdown completely, people you hear this thing, can you buy gift cards, Gift Certificates from your favorite restaurants, anything people can do to help support these Small Businesses and restaurants is really important now because that demand is going to come racing back i think everybody feels it, theyre going to want to get out when they can and get back to more of a restauranttype situation. A lot of companies have been criticized they stretched too thin. Turns out they didnt have the capital they thought you have always been a steward of your capital. Youre pretty much about the best ive seen going into if we do go into a serious recession, paychex is ready. Its a great Strong FinancialBalance Sheet. We have over 900 million in cash we just reported at the end of this Third Quarter, we had a very strong Third Quarter. Seems like a long time ago, but we just finished the quarter last month and we came out with 7 revenue growth, 9 net Income Growth we have a very strong dividend that weve had for years we have one of the best yields now, over 4 and we have a strong yield and the dividend is important to us. So is cash flow. We have a great financial model, very strong company. Once again, people are getting a chance every time ive ever seen you, every time and the stock has gotten hit, you have told a good story and people come in and they thank me because i like conservative management and i like good dividends and i like growth and you give us all you give all three marty mucci, president and c. E. O. Of paychex. Always good to see you, sir. Thanks, jim this economy is not rolling over i think portions of it absolutely are because the government has shut them down. You cant open up if the government tells you not to do business thats only 5 to 6 of what marty has going there. Mad money is back after the break. I know that every single time that i suit up, there is a chance that thats the last time. 300 miles an hour, thats where i feel normal. I might be crazy but im not stupid. Having an annuity tells me that im protected. During turbulent times, consider protected Lifetime Income from an annuity as part of your retirement plan. This can help you cover your essential monthly expenses. Learn more at protectedincome. Org. Should they downsize . Nesters now. Probably. Will they . Not as long as thanksgiving is a holiday. Planning for the future is about more than just money. Let equitable be your guide. It is time its time for the lightning round. Rapid fire, buy lightning round