Transcripts For CNBC Mad Money 20240713

Up for the season that starts next month with all the teams playing in phoenix. The cdc and National Institutes of health are supportive even espn. Even though there wont be any fans, it seems like we might return to some semblance of normalcy well, dont take me to the ball game, but have a ball game i think thats the perfect metaphor for today the market started strong, kind of excited about the baseball season dow up at 1. 900 points i think the metaphor is actually wrong which is why we sold off hard in the afternoon. Dow ended up closing off 26 points s p dipping. 16 it was quite a reversal. Were supposed to be in one of the saddest moments in history while we slow the spread of covid19, the death toll keeps rising the darkest is just before dawn. What do they think dawn looks like if you judge from yesterdays action, investors are buying on a vshape recovery boom, boom, business comes back, everything comes back to normal. A v says we have this virus whipped in no time id love that kind of recovery so would you i know that. Thats not going to happen dont get me wrong i absolutely believe we are going to beat this thing we are a strong country. I have never for a moment doubted that our scientists will come up with a way to treat if not eradicate this disease and eradicate it must be i started warning you about the coronavirus early and often, but i was never on board with the apocalyptic Hedge Fund Managers who came on our air, wondered if society would collapse by the way, i havent bought a home in the pandemic islands its a secret arc pell goh its something david faber spotted from above however, v is what justifies yesterdays rally and todays vicious panicky uplift before the collapse in the hole as much as i do love churchill, i do not believe in the v when it comes to this recovery why not . Three problems first, we still dont have an effective way to treat covid19. Cant get back to normal without a treatment or vaccine got to have one. Two, we still dont have an effective way to stop spreading the darn thing during the twoweek period people are affected, asymptomatic thats why were all on lockdown, this quarantine. Three, some parts of the country like new york seem to be flattening the curve that doesnt mean we can go back to normal. It means weve taken the worst Case Scenario off the table. I have no idea when well get a workable drug that relieves the symptoms of covid19 i dont believe we have one yet. This disease can wreck your lungs. You can be working at home fine for nine days like the Prime Minister of great britain. Suddenly you have to go to the icu. You Better Believe Boris Johnson is getting the best possible health care in the world yet might not be enough. Thats terrifying to me. Meanwhile, it should be terrifying to you, too meanwhile, we dont have enough protective gear for our Health Care Professionals let alone their patients can you believe thats still a problem . I go out im going to leave here the moment i leave here, this goes on, okay. This goes on do i want it to go on . No do i like Walking Around with it no but this goes on why . Because i dont want to get you sick and you dont want to get me sick, okay. Maybe nobodys sick. Well, hallelujah how about some testing were hearing mixed things turns out the rapid test may not catch everyone who is sick have you heard that one . I did. I did a lot of work on it today. Especially the newly infected. We need to get serious about testing. Thats the only way to beat this thing. Or we are one super spreader away from defeat we can go to the market plummet when the white house released a somber forecast. 100,000 to 200,000 deaths from this thing reports we may be flattening the curve in new york. We have 12,000 dead. Its possible to have 100,000 figure may turnout to be too high at least we finally recognize this virus is a lot worse than the flu or bad cold. You dont go on a ventilator for one of those people are taking social distancing more seriously. That matters peoples behavior is shameless put it all together, and i think we have a ways to go before things can go back to normal weve slowed the spread because social distancing is working go on lockdown, it will come back its not like civilization is coming to an end weve made some progress here. Judging how quickly china has gone back to work, we could be in good shape once this is over. Retailers viewed as dead or dying have seen their stocks double off the lows in the last two days cruise lines look like theyre getting financing they need to avoid going ununder. Credit markets seem open for neediest of companies. Thats huge if not reckless. Plus the fed and white house are movingess go i have to put this ailing economy on steroids loans, grants, mind blowingly positive washington has learned its lesson from the last downturn. Love him or hate him President Trump is pulling out all the stops to keep the economy. Especially small and medium size businesses that get left behind and nobody cares about thats terrific. Local restaurants and retailers will be left standing when all this is over, not just big national schanz. Like i keep telling you, there is no economic solution to a pandemic, thats biological. You cant snap your fingers and make customers come back thats why i dont think there is a vshape recovery. When the only thing we had to fear was fear itself, this time we have a good reason to be afraid this time the only thing we have to fear is a Novel Coronavirus with a disturbingly high mortality rate sure, you can point out that its not as deadly as lung cancer or car accidents. We go to extraordinary lengths to prevent lung cancer and car accidents. We should do the same for the pandemic people dont want to die in a car accident or covid19 thats why we wear seat belts and have airbags thats why you wear a mask if you have to go outside here. I dont feel like preaching, but im not seeing enough people wearing masks. No matter how much money the government pumps into the economy, we wont wont have a recovery without a treatment for the virus. Dont expect to be going to any baseball games yourself unless you want to get on a plane holy smokes and stay in a hotel. Or an airbnb if we get the pandemic contained gradually, the economy will bounce back gradually. A ushape recovery is not that bad. Not an l where we level off in a lower level. Or a w where we start the rebound and go right back down and back up. That would be, by the way, the w, ill talk about that later. Thats the worst of all. The bottom line, without a vshaped recovery, you have to be skeptical of these thats why were telling members of the actionalerts. Com club, they have to ring the register despite how painful it is to sell in the beautiful panicked opening if youre a bull. We have a high cash position again. Why . Because in a ushape recovery, im expecting the stock market will pull back again that is when you can put money to work. Lets go to max in texas max. Caller yeah, hello heres a booyah from houston, texas. Why not why not . Do Andre Hopkins go ahead im sorry. Caller i have a problem stock called ford. I bought a lot of the stuff under 8 bucs a share it went up to 18 bucks i hung onto it, went up to 12. Hung into it, was going to sell it off it started paying a dividend so i hung onto it now it doesnt pay a dividend. Now its under 5 bucks should i bail out of this thing . Remember 18, january, we did river rouge in 2011. I thought it would go higher what do you do with ford if you own it well, lets see. Youve been through this much hell well, welcome to more hell lets go to bill in kansas, please bill caller yes, hello, jim first time long time here in kansas we all love what you do. Thank you. I love kansas i just love kansas by the way, you have a Great Aerospace business in kansas people dont realize it. Caller absolutely. Thousands of Small Businesses that make planes plane parts in kansas. I hope every one of those companies gets money from the government because they have to stay in business how can i help caller we are a hightech people here. Jim, as more and more people have diminished access to skash and you square more off, is square i like square caller people who cant pay this bill hate this stock. Jack dorsey, lets give him some credit. He is one of my heroes i like his parents they follow me on twitter. Jack doesnt follow me lets go to mike in illinois mike caller professor cramer, thank you for taking my call whats shaking . Besides talent and education sorry, what . Caller i watch you every day from my home office and it got me thinking that i need an upgrade. So my mad money hat started thinking about wayfair, Ticker Symbol w and the stock has recently issued revenue beat guidance and has had an astronomical couple trading days my question is is it too late to get in, what are the risks, ticker wayfair karen cramer, who is a legendary trader, she once said, jim, dont you understand the news already happened. What do you add . What do you know now and the answer is you and i, all we know is it already had a really big move and the news occurred if you want to get involved with wayfair, you have to get involved last wednesday. All right. I am hoping for a ushape recovery, but a lot of people want to take us to the ball game in phoenix, arizona with no crowds, including minor league places theres an idea for you. Who came up with that . You come up with that . Yeah, i got a baseball friend from boston. On mad money tonight, theyre not playing in boston. As mad money as delivery centric economy takes center stage, could a company like pro logis be worth it . I have the c. E. O. The market was higher in the opening. What was the fear index signalling with many businesses challenged by the surge of employees working from home there it is again wfh. One private player is making it so its a lot better i say you stay with jim 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 head to madmoney. Cnbc. Com. At t has connected us every day for over 100 years. And were here for you especially now, doing Everything Possible to keep you connected. Through the resilience of our network and people. We can keep learning, keep sharing, keep watching, and most of all, keep together. Its the job weve always done. It is the job we will always do. Mom look take something that can wipe you out . Or dont, and fight through every second. New quickdissolve nurtec™ can bring you back when migraines attack. Just one dose can work fast and last so you can keep going. Dont take if allergic to nurtec. The most common side effect was nausea. Nurtec one migraine. One dose. Onederful™ one migraine. One dose. Shbecause xfinity mobilehen ygives you more flexible data. You can choose to share data between lines, mix with unlimited, or switch it up at any time. All on the most reliable wireless network. Which means you can save money without compromising on coverage. Get more flexible data, the most reliable network, and more savings. Plus, get 200 off when you buy an eligible phone. Thats simple, easy, awesome. Go to xfinitymobile. Com today. Like i told you last night, i think some of the specialist Real Estate Investment trusts are very enticing here i want to highlight another one ive always liked called prologis it owns warehouses and Fulfillment Centers all over the world. Take i95. All the major highways amazon sueses them, fedex uses them theyre some of the largest customers. Theyre a crucial ecommerce logistics machine. It tumbles from 99 to 60 and nearly bottomed a week ago why didnt i pound the table even though the lockdown is great foronline shopping, pro logis rents warehouse spaces to traditional retailers. Not a great business right now i was a little gun shy plus historically this company has been a little cyclical how does it hold up in recession. It bottomed in the 20082009 recession. Yesterday they had a Business Update it turns out the positive far outweigh the negatives i was too reticent since most of the country went under a lockdown, they seem to have above average lease activity short term leases surging 40 last month retention rate is up they have clients requesting rent deferral and default rates rising, but not that much. Its offset by the massive leasing activity from retailers trying to build out their ecommerce capacity. They have to pay higher rates. Thats why the stock surged 9 yesterday. I think its enticing. Dont take it from me. He hasnt been here in a while hes the chairman and c. E. O. Of prologis and the dean of this group. To get a better sense of how the company is handseling the lockdown, he called himself an old man in the Conference Call i did not like that. But you are the best good to see you again, welcome back to mad money. Great to see you as well, jim. I have to tell you, you set out in your Conference Call to distinguish between 2008 and 2009 in this period. I just want you to tell our viewers, because it is remarkable how much better it is for pro logis. Youre playing offense right now, arent you . We are. I mean, 2008 pro logis was a very Different Company it had a very different Balance Sheet. Today it has one of the top two Balance Sheets in the reit business the Market Conditions were less favorable going into the downturn you know, availability rates were almost double digit in that downturn today were at 4. 6 . So its the lowest its ever been in my career. So were really a Different Company entering this cycle in a very different set of conditions youre also now a much more Global Company china, youve been dealing with the impact this is no stranger for you. You guys were ready. Yeah, we saw this in early january. Going right into the Chinese New Year in fact, we had one of our colleagues who was affected january 8th or something weve been watching this thing for a long time. Hamid, one of the things youre too humble to admit, but the fact is if someone cant pay or they have to leave, you have below market rents right now its actually additive to prologiss bottom line if someone leaves, correct . It is, jim. You mentioned the issue of rent deferment and things of that nature clearly there are some customers who are having a tough time in this environment, just like everybody is and well work with those customers. But its got to be legitimate. And i must tell you, there are others that may want to take advantage of an environment like this we dont look too favorably to those situations but thats been a minority no, youre right. I was speaking to a prominent retail analyst today they sent letters to every one of these guys saying we cant pay. Some people were dumb enough to but now you guys, you guys do a credit check. We do i mean, we have requirements first of all, we make all the customers aware of the federal assistant programs put in place. We help them along that process. If we need to, we dont have a problem helping the customers that are really deserving. But this is not an opportunistic environment and nobody should behave that way. One thing you did point out i was very proud of, you said, look, theres more business theres going to be more manufacturing in the United States you caveated by saying in north america frankly, if its in mexico theyre not going to give us a hard time because were great allies talk about that reassuring you think is going to happen of course, that is going to be helpful to our business, but at the end of the day, we dont really care much about where stuff is made. We care about where stuff is confused consumed, sorry. Where things are made changes with labor rates and tax policies and tariffs and all kinds of things, which are really unpredictable but people dont move, you know. L. A. Is a big Consumption Center new york is a big Consumption Center and those are the markets where we have a big presence and we found that by staying close to where the endcustomer is we can have a very profitable business th thats resilient. Food, medical supplies, electronics. And what goes with it, paper packaging. These are all just incredibly strong during the month of march. Jim, 2. 5 of the global gdp goes to our buildings. Wow so just think about that. 2. 5 so pretty much everything goes through our buildings. Its not a lot of luxury theres some of that, but theyre necessities. So some aspects of our business, of course, are going to get affected by this the convention business, the people who supply furniture and all that to conventions, the hospitality business, et cetera, et cetera. The medical business, the grocery business, Online Ecommerce business, those are all taking more space today than they were a year ago it sounds like there is a have and have not. You mentioned the traditional brick and mortar its almost they just cant do it, can they . Its tough to sell goods when youre closed and social distancing so, you know, i feel for those guys thats a tough business to be in today. You know, the good ones will come back and do pretty well and this trend from bricks and mortar to ecommerce has been in place for quite sometime i think this situation is accelerating it because a whole generation of customers, older customers like me who may not have been as involved with online purchasing, theyre now learning new habbitts. And i dont think theyre going to unlearn those habits as they discover the convenience of using online products and services i sure wish i include you i did that piece about Real Estate Investment trust. I focused on companies that dont have the growth path you do more cut throat, you have the best Balance Sheet congratulations in everything you accomplished thank you okay. Thats hamid, chairman and c. E. O. Of prologi circumstancs. Theyve been through tough times and come out the other side. I regret i did you a disservice when i did the piece about data centers because this is in another part of the reits, but its a lot stronger in a lot of ways mad money is back after the break. That the world needs. But right now, the world needs all the good that we can do. To all of our employees and everyone working to keep america strong, thank you. To all of our employees and everyone working [female vo] restaurants are facing a crisis. And theyre counting on your takeout and delivery orders to make it through. Grubhub. Together we can help save the restaurants we love. How much faith should we put into yesterdays rebound and this mornings blast off rally, the one peter had this afternoon . In turbulent times, this is as turbulent as it gets, i think its a good idea to take emotions out of the equation whether were talking about panic or euphoria, thats why we need to take a more quantitative approach focusing on the technicals as we do on tuesdays tonight were going off the charts with Mark Sebastian hes a brilliant technician founder of option pit. Com, as well as being my colleague at real money. Com, and hes a resident volatility expert the guy i go to to get a clear read of the roller coaster of a market maybe when it will end throughout this pandemic, the cboe and the vixx for short, has been a useful reality check. Normally the vixx and stock market move in opposite directions there is a reason its commonly known as the fear gauge, but when that normal pattern breaks down, it can tell you something very important about where stocks might be headed lets go right to it first look at these daily charts of the s p 500 and the volatility index sebastian points out before the market peaked, the s p in february, the vixx was working its way higher thats a escondido giveaway somethi thats a dead giveaway something was awry this is the s p and the 500 since march. Last week the market was extremely choppy and we finished in the red, okay however, during this period the s p got hit, the vixx went straight down. Remember normal decline the volatility index should go up. For sebastian, the vixx performance confirmed we already reached peak volatility of this move, and, therefore, the fear is subsiding most of the time when the vixx moves in tandem with the s p, the trend could be about to reverse itself when theyre both going down at the same time, sebastian thinks thats usually a great buy signal sure enough, we came in this week and got an amazing move higher like a mini bull market in one session 1 1 2 sessions what you expect based on this methodology. However, these are not normal times. Be cautious after yesterdays monster run and reversal why . The vixx is supposed to go down when the market goes up. If the volatility was down a lot more last week when the s p was getting hammered, then over the past couple days when the s p surged more than 8 , oh, oh, last week a bad week for the stock market, the vixx fell from 55 to 46 the fear was way down. Yesterday a great day for the stock market it went from 46 to 45. Today when the averages were going strong, the vixx never went below 43. That was a sign that the move might prove to be ephemeral, and it was heres the problem for sebastian. It was a good sign when the vixx nose dived with the s p last week stocks decline might be temporary. At the same time its worrisome when the market explodes higher and the vixx does next to nothing. What does this action mean the closest analog for this market is the financial crisis from 2008 and 2009 a lot of people talk about them as the Great Recession take a look at what happened to the s p 500 and the volatility index back then. We dont want a lot of similarities that was a terrible time in 2008 we had a longer and deeper sell off than weve had in 2020. It was also a lot slower however, sebastian sees some similarities this was the only other time where the vixx surged above 80 imagine 80, that was something when this happened volatility peaked in mid november months before the market bottomed. When the volatility peaked, the vix moved steadily lower while the s p 500 made a nice pop. And then spent two months churning sideways. That was like okay there back then thefeared peak, we processed lehman going under, banks being bailed out we had no idea how long the crisis would be and when it would end. Sebastian points out that were seeing a very similar pattern right now. Back then as we gradually realized the extent of the carnage and the s p moved lower again, this time more slowly without a big spike in the vix we already braced ourselves for more weakness so the winter of 2009 meltdown didnt freak people out the way the fall 2008 meltdown did so you can see the vix kind of didnt react as sebastian says it, were going through the same thing right now only faster. He thinks were now in the december to january time frame so if we want to go to december january time frame, we know were looking at a pretty decent time, okay. Were going to get up there, start going up but remember, this was down im sorry, were headed into i dont want to say this was good this was horrible. This was the fabled bottom thats where the markets no longer scare but get ready to sustain a rally. If the financial crisis is any guide, sebastian is expecting choppy action the next months. Choppy action is not good, okay. Choppy action for the next months as we start to see more hard data about the economy, the layoffs, bankruptcies, he thinks were going to get hit again thats my thesis, people that is exactly my thesis i said at the top of the show this is a big but. If the vix doesnt spike the next time the market rolls over, recommend buying weakness. There is no need to chase stocks after this weeks rally. Amen you can afford to be patient and buy the dips we saw a lot of dips in this period, too. If youre investing for the long haul, you might get better entry points than today. No need to feel any fomo here. We could be here, right. The vix is steady. At any given time youre going to get a blip up that was a fake out. This was a fake out. Get me these were all fake outs i dont want you to buy a fake out. I want you to get right here or at least as close. Whatever the bottom line, the charts as interpreted by mark i almost put my fist through that did you know that . Because im jimmy chill, i didnt do that the old jim cramer would have put his fist right through that and i would have gone and got stitches anyway, the charge is by sebastian, the big fear in the stock market i think has been taken off the table. Thats what he says. That doesnt mean were ready to roar expect a choppy market to give you another leg down as the Economic Data keeps rolling in i think hes got a point think about all the stitches i would have had, would have been for naught, would have been for naught thats why im jimmy chill kevin in new jersey. Kevin. Caller jim, how are you, booyah booyah. Caller hows it going . Really . Ive got a great team. Lets put it that way. Its not time to talk about how lonely i am, is it keep going, lets go whats up . Caller so, Goldman Sachs recently announced the sell of beyond meat. Do you think theyre well enough diverse between super markets and restaurants to weather the storm . I do, kevin i really think that people who hate the stock do not understand that its more than just whether its Food Service Company or sold at the super markets. Its an ethos. I keep trying to tell people its an ethos. Its going to be around a long time eith ethan brown is terrific. Beyond meat is for real and i think people should stop knocking it. If someone says jim just said buy it, that person is someone who did not listen to the capsule, not the whole thing i said it could go down, but i like it. Lets go to eli in illinois. Eli. Caller hows it going, jim pretty good how about you . Caller good, thank you so, my question is about Energy Transfer, which i own a small position in. And it seems to me Energy Transfer is in good position to outlast the pandemic, but will it maintain the positive Free Cash Flow and what especiallily shocked me was the incredibly high dividend they offer chief, chief, chief, i said that dividend this morning i didnt trust it. This guy kelsey warren, hell buy anything that moves. This thing is at the epicenter along with chesapeake of what could happen to the oil group. Look, its too late now. But its a bad stock there, i said it by the way, the National Limited partnerships the house of pain the chart suggests we dont have a total collapse in the economy. That doesnt mean were ready to just roar in the stock market yet. Were probably somewhere around here theres much more mad money ahead. More and more organizations roll out Remote Working initiatives, many are struggling with slow home networks. Im eyeing a private company that can explain why your pc is so slow at home when youre working. Then what stands out in this market an appetite for risky debt thats what stands out ill tell you whats driving all your calls in the rapid edition of the lightning round so stay with cramer. I dont care for smooth jazz. The World Premiere is in your home friday. I know that every 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. We live in a new world when this pandemic ends, and it will, people will go out to restaurants again, theyll go to movies and baseball games, theyll travel, but some things wont go back. I think the quarantine is forever changed the workplace. There are tons of jobs that we now know can be done from home with minimal hassle. Working from home or wfh, as everyone is suddenly calling it. Were playing such close attention to Technology Companies that make it possible. Companies like riverbed. This is a privately held outfit that invented the whole concept of wide area optimization nearly 20 years ago security for networks and applications, basically they ensure all of this Remote Work Software is actually usable. The company also has done a big cloud on boarding business of late riverbed was taken private five years ago and theyre still a major player here. I think its important to understand this industry lets take a closer look with rich mcbee from riverbed to get a sense of whatwork from home future might look like welcome to mad money. Thank you for having me on the show today okay, rich, so if i didnt use riverbed versus i do, give me the elevator pitch for why i should switch. Well, you should switch or you should use our technology because it makes working at home easier the applications that you use as a business professional in your home office will work much faster using our technology. Weve taken it basically from the Branch Office and extended it out to the home, which you get officetype speed for Business Applications at the home environment today many of the workers that are working from home are having to deal with multiple people on the Family Network trying to use the same amount of bandwidth at the same time. Look, one of the things that ive learned is that i dont like it that much and i dont like it that much because its not fast enough. If i had faster technology, would it make it feel like its the real space age ive got the blue circle of death the other day. Well, yeah, you know, this technology that weve deployed, agents out, the laptops, whatever device theyre using at home does make it significantly faster up to ten times faster so thats a real significant change for the Business Applications that theyre using at home. We have cad companies that you can imagine a cad file, how large that is. Theyre working at home on a add device up loading super large files is critical to their work if you have to wait 30 or 45 minutes to download the file, that is an impediment to productivity what we see is they can download that file at the same speed that they were in the office. And thats an incredible capability so you turn my pc into something equivalent of a much larger more powerful pc workstation at my office well, kind of what it does is it gives you the same kind of speeds that you would see in an Office Environment at your home and with if you look at a fortuna fortune 500, there are 29 million workers working from their home today if you think about how fast this transaction has happened, you know, lit raerally 30 days ago i was doing a town hall from our office in new york now im doing this broadcast from home. Thats pretty good quality, i have to tell you key Trump Coronavirus Task force must work remotely after positive covid19 test even the task force. Will they tap into riverbed . Well, a lot of Government Agencies will. I cant say who what customers are specifically using the capabilities or not. Specifically regarding to the government but i can tell you that weve had a tremendous uptick in the number of licenses we even put a program in place for our install base that said, hey, you can use this capability free for 90 days get it out to your homes get up and working in a Business Continuity environment once youre up in that environment in 90 days, well worry about the commerce piece of it. I have to tell you that a friend of mine was talking about how already he knew someone who was laid off because frankly they started working at home and they turned out person wasnt doing much i am wondering whether the companies are going to change forever and really see who is productive and who isnt and in that sense, i want to be on riverbed because otherwise im going to go snacking, im going to be bored, not focus on my work. Theyre discovering who is using their stuff and who isnt. So i imagine that in terms of work productivity, i want riverbed versus not. Well, you know, we actually have a Small Division called eternity that you can actually help users determine how productivity or how productive they are while theyre working and using the apps, determining how fast, you know, applications are rendering, those kind of things if i think about how the work force or work from home has changed, the reality is when we finally get through this, and we will, the fact of the matter is the work force is going to be changed forever. I think that weve always looked at the capability of having a nomadic worker, at starbucks or anywhere else, as the next iteration of kind of a cloudbased Network Architect texture. Architecture we had been working on accelerated mobility for end users. Didnt matter whether they were in a store, in a coffee shop or at home. It happened to be everyone is locked in at home right now. And this capability was really available, the right capability at the right time. You came in what, last year yeah. Obviously no one saw covid coming tell us what people like about riverbed were things they didnt really care about before wfh well, you know, i think it was not that they didnt care about it, that the environment wasnt right for the next generation of highspeed work at home capability. So our strategy was really, really focused on what we call the four pillars wan optimization, well keep doing that application acceleration, Network Performance management which gives people visibility into their networks when theres issues and sdwan. Those are the four pillars of our strategy for our company the reality is when covid19 happened, we saw a massive acceleration of our acceleration capability, in our application acceleration, and also in our Network Performance management where people who are now have a whole bunch of people if you think about a network, you think about now weve introduced a whole nother set of nodes, which is the home office, and i. T. Departments are trying to manage their networks, manage the latency in those networks and determine whats going wrong with the network our Visibility Solutions have had a triple uptick in the amount of business that weve seen as well as the acceleration, which has been very large well, rich, congratulations on transforming and being definitely the right time and right company. I know a lot of people wish youll be public because its what were looking for, pure plays on this issue. Thats rich mcbee, hes the president and coo of riverbed, a private company very much involved with what you might be doing, which is working from home mad money is back after the break. soft music [female vo] restaurants are facing a crisis. And theyre counting on your takeout and delivery orders to make it through. Grubhub. Together we can help save the restaurants we love. Our Retirement Plan with voya gives us confidence. They help us with achievable steps along the way. So we can spend a bit today, knowing were prepared for tomorrow. Wow dad, do you think you overdid it maybe . I dont think so. What do you think, peanut . Nope honey, do you think we overdid it . Overdid what . See . We dont think so, son. Technically, grandparents cant overdo it. Its impossible. Well planned, well invested, well protected. Voya. Be confident to and through retirement. Announcer lightning round is sponsored by Td Ameritrade it is time time for the lightning round buy, buy, buy sell, sell, sell. And then the lightning round is over. Are you ready, ski daddy start with aim mos in pennsylva. Amos caller yes, sir, im here. Yo, hit me, amos. Caller how are you im doing good. How are you . Caller im doing fantastic jim, i wanted to know what your opinion was of ibm and if you consider it a good defensive stock. I think its a good defensive stock. Arvin was on yesterday i think its worthwhile and their Cloud Strategy only proves sound. Rod in illinois. Rod. Caller hey, jim. Calle yo, rod, whats up . Caller im looking for value and im a bit of a contrarian. No matter who wins in november, if were going to have an infrastructure plan, should i buy floor engineering no, that company has had it missed the quarter, missed a quarter. You want a quarter misser, i like better than that quarter misser, i would buy u. S. Concrete, down 62st palomi . Anything thats infrastructure is a mistake caterpillar i see ten points down, 15 up. Not great, not bad lets go to justin in North Carolina justin caller booyah, jim booyah, justin. Caller im Justin Turner in North Carolina im 23 years old and i wondered what you thought about Cracker Barrel i like Cracker Barrel for someone your age its accidental. I thought it represented great value. During the days when i was not jimmy chill definntively, i used to love the apple pie with the cheese a la mode then again, i was a different person different two people lets go to roger in california roger caller jim, high, im a big fan. What do you think of boy gaming . Knock caller nothing . When it was 6 you have my man im not kidding. As between boyd and penn, you should go with penn. Theyre both, by the way, better than wynn in las vegas lets go to patrick in pennsylvania patrick. Caller go birds, fly eagles fly. Lets have an opening day, please caller miss it already listen, xl want to know whats going on the merger broke down look, if you like that group, take a look at boeing. Im not kidding. Boeing is actually a better opportunity. Lets go to hector in california hector caller hey, jimmy chill. Yo. Caller appreciate it first off, i want to say thank you for option pit. Com and the fibonache improved my trading. Its the greatest caller enphase technology. I liken phase i like the solar power business. Its a terrific company. This one was hard for me because its such a high flower. Im a huge solar believer and i think this one works lets go to evan in wisconsin. Evan did we lose evan that would be a disaster did we lose evan caller hello hi. Evan caller yes, this is erica, his mom. Im giving the phone to him. Can you lets hear from evan did evan give us a stock caller booyah, jim hi, evan, whats up caller ive been considering buying shares of david dave and buster for a while this is a good object lesson for us [ buzzer ] you have to look at the debt and the Balance Sheet. Youre right if it didnt have debt, i would say buy it they have leases, they have issues people, you have to go drinking and eating they dont like that any more in this country because of the corona thing im going to say pass. One more, how about one more, harlan county, harlan in washington caller im holding onto speculative, but i like it. You know i like that skin replacement business i think its very good we know them and i say i salute you for buying something speculative in this time of covid. And that, ladies and gentlemen, is the conclusion of the lightning round. Announcer the lightning round is sponsored by Td Ameritrade the economy is getting pulverized here. Theres one big difference between the corona recession and the Great Recession. This Time Companies that need money can actually get it. This time theres no financial crisis, at least not yet, because of the terrific job the administration, congress and fed are doing pumping money into the economy. If you remember during the bad old days a dozen years ago, there was very little money to be had, especially for banks at the time Bank Executives went on missions to find deep pockets and rich koreans they went hat in hand to sovereign wealth fund. Lehman scoured the world before investors said youre done Morgan Stanley got mufg as a partner, Goldman Sachs and bank of america were able to attract Warren Buffett wachovia, bar wachovia, bear stearns didnt get through to the other side. Theyve been able to dock, inc. Baiting the virus. There is a budding criminal investigation, the ruby princess the ship where 11 people died, 662 people got infected. Thats ghastly there are words to describe the state of the cruise industry but i cant say them on basic cable. Carnival sold 71. 8 million shares and a stake from a Saudi Wealth Fund in the Successful Fund race. Thats amazing they sold about 4 billion in straight debt with 11. 5 coupon due 2023 they got almost 2000000007. 5 . These are all great for everybody. I hope anyway, its quite a haul considering they cant do business even genuinely troubled companies can raise capital here good sign for the economy. I listened to the c. E. O. Of slack who says 7 50 million,. 5 convertible loans. They easily raise oodles of cash they were looking for 600 million. Some were worried the debt market wouldnt be open. Oil is getting relief. Im wondering if the hotel and Restaurant Industry might have a shot if carnival can raise money, anybody can. Remember im not talking about the governments payroll protection spram which helps Small Business im talking about huge cash, raising mountains of cash from the stock and bond markets we heard from prologis they said companies should be smarter this time around they husband their cash for rainy day. They learned their lesson from the last recession plus these days we have Huge Tech Companies like facebook, amazon, apple, netflix, alphabet, mounds of cashes as a matter of course they can do whatever they want with their money other than go on a shopping spree because the government cares about antitrust enforcement during the financial crisis the fdic were arranging shotgun marriages between distressed banks than go under. Were at the beginning of a process. When other cruise lines come to market, the money may not be there. Maybe they can hold out until people flgt how dangerous cruises are in a pandemic. Maybe theyll generate huge returns. Maybe the slack deal was the best way for hedge funds to get tiny yield with a possibility of up side. I think its incredible there is still an appetite for risky debt here that can make a huge difference for ultimate economic comeback assuming the markets dont freeze up again. Stick with cramer. You should be mad your neighbor always wants to hang out. And you should be mad your smart fridge is unnecessarily complicated. Make ice. Making ice. But youre not mad because you have e trade which isnt complicated. Their tools make trading quicker and simpler so you can take on the markets with confidence. Dont get mad get e trade and start Trading Commission free today. Dont get mad get e trade and start trading there are times when our need to connect really matters. To keep customers and employees in the know. To keep business moving. Comcast business is prepared for times like these. Powered by the nations largest gigspeed network. To help give you the speed, reliability, and security you need. Tools to manage your business from any device, anywhere. And a team of experts here for you 24 7. Weve always believed in the power of working together. Thats why, when every connection counts. You can count on us. But right now, the world needs all the good that we can do. To everyone working to keep america strong, thank you. Look, i know we all want to get back to work we want to get baseball season back we want everything to return to the way that it was. We are grateful for the old days, but lets remember this. We have to beat the disease. We have to eradicate it, okay. And, yes, i still think we should be paying people to stay home so people dont get sick. And i really think that we dont want to get ahead of ourselves, which is why this last twoday rally was a relief rally for an otherwise very difficult time that we will get through together take me out to the ball game, not yet. Like to say i always like to say theres a bull market somewhere and i promise to find it for you here on mad money