The nascar actually advanced 6. 7 led by the cramer covid stocks thats what this market was about. Zoom video followed by slack, they are all surging. You know what they have in common, dont they these are the stay at home economy stocks i am proud that we have had all but one of these on the show i am trying to bring them all to you. Why does this happen because today we started worrying again about the pandemic cases are spiking. That defines the action even though we got a strong onetwo punch of the three js, johnson, johnson and jay. Since starting human trials, july is around the corner. Very positive. No reason for j. And j. To come on and talk about it unless they really had confidence. That tells me they are the real deal j and j is one of the least hyped companies in the world and then jay powell. Worst q 2 on record. How will he do it . Whatever it takes. I wish powell would own up to what is really going on here he will do what he can to keep the balls in the air until the brothers johnson can come up with a vaccine and put an end to this sorry period. Its not that simple we have to start recognizing what powell is doing which is the same thing secretary mnuchin is doing they are trying to plug enough holes in the dike to be sure we can get the upward slanted v shape growing. They know it is not sustainable until the vaccine arrives. You can get this part going down, but to get this part, you need a vaccine or it goes when you hear the federal reser reserve chairman saying we are not raising rates, and we are not even thinking about raising rates. We are looking for 8 million lost jobs, got 2 million new ones we didnt create those as much as clawed them back as states reopened why cant we go back to normal in part because cases are already starting to spike. No deaths yet, but cases tend to lag by two or three weeks. We have a better understanding of the virus than march much we have better resources. Everybody knows to wear a mask ending a lookdown is not enough. Sweden is still in a lookdown because people are afraid of getting sick there are tons of otherwise productive people who are relying on the stimulus to get them through until when . Until there is a vaccine powell and mnuchin has to keep stimulating the economyuntil then no other choice. How closely can people gather without a vaccine or cure. Even after all of the misery of the last few months, we dont know about this thing. It is a novel virus, and although we have a better understanding, we know it is not a respiratory illness. You need to stay six afefeet aw outdoors, seven feet indoors does everyone have to wear a mas mask does it have to be an n95. Can you go to games, can you high five . And how do you use a bathroom at a sporting event how do you socially distance at halftime if covid is making a comeback, millions of americans wont be able to get their jobs back. They will be on the dole until we get back to normal or the dole runs out. We cant get back to normal without the vaccine. We are seeing numbers. Some of the restaurant chains putting up pretty good numbers indicating they can stay in business stay in business is the operating term some tables and chairs are empty because of social distancing but paycheck protection money will go through like that. They wont get the customers who drink a lot, and they wont have crowds i know restaurants and bars. I own them if you own them, you are not thinking about bringing on more help you are thinking about if you can survive. What about Companies Getting sued smaller retails wont wait for jay powell to save them. They cant when you look at todays market and what went up, it was the covid stocks the cramer covid index was up nearly 1 1 2 today. Yesterday, too thats why the dow and s p got h hammered but nasdaq was back in play its about j, j and j. I love powell but its the other two js we need you can listen to jay powell and him saying he will do his part to get everything back it is not a problem for the fed or for mnuchin its a problem for phrma Home Builders cant solve it no only the pharmaceutical companies can boat this pandemic until then we can see stocks rally, but only so high they can go without a vaccine and now you can see they are being repelled. This is as high as we can get absent a vaccine until then you are looking at it stick with the cramer covid index, especially on days we get way too optimistic about a recovery kevin in illinois. Caller love your show. Have been watching since the first day. Two things i love politics and trading. 22 years chicago board of trade and worked on a president ial campaign i want to know your thoughts on snap chat and social media and what your thoughts are on civil unrest civil protest in the name of innate race in this country is good i dont know how to rate it with the stocks snap chat is doing well because they agree there is no free speech for racism. If facebook wants to see their stock go higher, maybe they should endorse there should be no free speech on racism caller i have noticed more traffic for curbside pickup. I think they will have a good number but they are up against costco even hope to i think kroger is good, i refuse to recommend a company that has to go up against the king and that is costco lets go to lee. Caller first i want to say thank you. I was a caller on your year nine years ago and took your advice on buying apple. Thank you. You are the man. People want to trade apple and lose money, but i think making money is a better posture. Caller with everybody working at home at leaisure is part of this pandemic. What about lulu. Now is your chance to snap it up it is an Amazing Company what can i say i want you right now to recognize that the cramer covid index is in play why . Because as much as the fed does, press r treasury, it is a vaccine that is needed. Until we get a scientific break through we may not be able to go much higher. And why this could be put on pause. And i am buying a player that is still cheap enough to be a buy and i am going to sit down with Marriott Vacations worldwide to get a read on how they are operating in a covid19 world struggling to open all of their doors in all of their places but they are doing pretty well thank you. Need better sleep . Try natures bounty sleep3, a unique trilayer supplement that calms you, helps you fall asleep faster and stay asleep longer great sleep comes naturally with sleep3. Only from natures bounty. Can i find an Investment Firm with a truly longterm view thats been through multiple market cycles for over 85 years . With capital group, i can. Talk to your financial professional or consultant for investment risks and information. As the airline and cruise ships stocks get slammed for the second day, they probably shouldnt have been this high to begin with none of the airlines or cruiselines have said anything positive they need to rebound from their march lows they deserve to go up, but there is a big difference between surviving and thriving they traded like they were thriving, propelled by a new group of amateur investors, until yesterday. Now they are getting hammered. I need to stret this is not a buying opportunity this is not like grub hub which just got a sweet take from an outfit i wouldnt really know. There are no takeovers here that will save the day. Cruise lines, the business is nonexistent. The cdc wont let them sail until late july. And we hope that happens who buys stocks in cruise lines that cant cruise . Novices. The kennard cruise line wont be operating until november there is 1. 15 billion and convertible notes due in 2023. Its almost a death sentence if they dont start cruising again soon how about norwegian . Good news they have 3. 5 billion in liquidity, but that didnt stop it from falling today they are far from essential. How about the airlines good for some guys delta is selling five year Unsecured Notes that may yield 8 last time delta came to the market in april they raised 3. 5 billion at an airport. This time they didnt have to offer precious collateral. When will the count be back . They say below prepandemic levels until 2023. United we do not believe the current pace can be maintained much longer thanks they are worried about operatives and not demand. Their june cash burn is only 40 million a day, down from 50 million. I bet it takes all day to shovel 40 million into the bonfire for cruise lines to stay alive, they have to be able to cruise for airlines to stay alive, they need rapid test machines in every place. You can still transmit this thing. Did you hear dr. Fauci today would you state serious precautions, i dont think they will get the numbers they need the airlines and the cruise lines were some of the hottest stocks in this market until yesterday. All of the information is par for the course for these troubled industries. Carnival crews from blow 8 to 75 united climbed from the teens to nearly 50. I think they were fools. They were bit up by amateurs who are yet to learn these stocks can go down. Somebody made money especially if they rang the register. I hopethey liquidated them the reality is that airlines and cruise lines were bid up by neophytes. Stick with cramer. And here is a sneak peek into what my friend scott has coming up tonight at 7 00 p. M. As pro golf hits the links again, a look at a new normal on the course, plus a look at a new opening and how hes helping a community through pandemic and protests and tulsas black wall street getting creative in a time of crisis this is decision tech. Find a stock based on your interests or whats trending. Get realtime insights in your customized view of the market. Its smarter Trading Technology for smarter trading decisions. Fidelity. They are way hot the bowling stocks are way up. Like brunswick and a new high i just sold my 17foot boston whaler, but how would i fish i was actually using the real deal up 5 for the year even Dicks Sporting Goods was able to rally. And try getting a bike in this country. I tried getting one and there is not one available. And tonight another one for you. Cheap enough polaris which makes snowmobiles, all terrain vehicles, motorcycles, boats and crazy and usually fun sling roadsters. It peaked a few year ago then just when things were getting back on track after the phase one trade deal with the chinese, the whole market plunged. They plunged from mid 90s to 30s. But like so many other polaris losers, they bought them they have a comeback it has raised all of its coronavirus losses because business is very, very good for a people who have a product where its fun outside and safe. In retrospect, people were saying jim, you made a mistake i did. I should have recommended it earlier. Personally i didnt want to get behind a Snowmobile Company going into the summer without proof the business was turning going into a recession but now i have the proof i think you are getting a pretty darned good entry point. What makes it different from the airlines and cruise lines . They ran things up a big part of that bounce was justified, but they were due to a pullback polaris started at the end of april when the numbers were bad, not a lot of demand for atvs or snowmobiles. They said the worst was behind them and gave us a tremendous amount of detail on north American Power sports business second half of march their power sales declined by 40 , but april was better than expected three weeks in the sales were up, not down in may good news i think polaris would have rallied anyway this rally had more meat to it than many of the others. They made three incredibly positive announcements on the same day there was insight on how they were doing he talks about the unexpectedly sharp recovery we are seeing Unprecedented Demand he goes on second, polaris maintains they will be continuing the current dividend at the end of april they said they would delay the decision about the dividend turns out the payout is safe they negotiated with their creditors. Basically they are allowed to borrow more money if they need to through march of next year. Put it altogether a bullish update more nextability the next day scott comes along and gives a fabulous review which is where i got the idea to do this piece. Thank you, brian and taking market share where people are afraid to fly or take cruises. Camping and riding around wearing a helmet is something you can do for fun while minimizing covid exposure. Why do i feel so comfortable chasing it here . And you know i hate to chase polaris is bringing in new customers and i think this is a once in a Generation Opportunity for this Company Stock sells for 19 times next year they can sell it for winnie winnebago. Polaris is a somewhat high risk story. They make some of the worlds most expensive toys. If the economy starts backsliding, that could do damage polaris takes a hit. But if you believe america is reopening rapidly, but not going back to normal, too much social distancing, polaris is indeed the kind of stock you should own. It benefits from the vshape recovery thesis. And they are taking the market share from every other form of recreation that involves crowded indoor spaces. Lets go to diego. Caller i wanted to ask about vegas. Should i hold my position with mgm despite the risk of a second wave of coronavirus . I am more comfortable with winn mgm has had a very big move. I question whether this is the right time to stay in it nick in indiana. Caller i know they filed for bankruptcy in your opinion, is it worth it to invest . It is a risky situation unless i looked the ceo in the high, i would feel like i am letting you down, nick, in indiana. Joe caller joe cramer, the prince of profit what is up . Caller with the world reopening back up from the coronavirus and fords recent partnership with vw, do you see ford becoming a major player in the electric car market . His ceo, he is always such a smart guy. I think the stock is very inexpensive, but it will not be electric vehicles, but the f150. Until then i think you will be okay and i have not felt that good about the stock. There is a fierce bull market in the outdoors polaris is the kind of stock you should own Summer Holiday i am sitting down with a coe ceo and tonight an under the Radar Company helping treat the virus and convalescent blood, a term you might have heard about and coming up is the lightning round. Stay with cramer can i find an Investment Firm with a truly longterm view thats been through multiple market cycles for over 85 years . With capital group, i can. Talk to your financial professional or consultant for investment risks and information. What do we do with travel leisure stocks economy is coming back, but so is covid19. Timeshare rental business that was started nearly a decade ago. Marriott got obliterated when the market crashed in february and march with it plunging down to 30 bucks, like a 77 decline. Once the crisis started looking a lot less exotential. The whole travel and leisure have fallen out of favor the new normal is different than the old normal lets dig deeper with the president and ceo of Marriott Vacations worldwide. Welcome back to mad money. Hi, jim, great to be back with you glad to see you, steve. Are you at home . No, i am in my office at work lets go to a question about work you have said that you have seen just over 1 of your borrowers ask for your deferred payment program. We have companies kb go in defa, why do you think that is i think part of it is because of who we target as owners we have people with average Household Incomes north of 120,000, self reported network over 1. 5 million many view this as a Monthly Payment and quite frankly put great value on their vacations people who have reached out to us, we set up a Deferred Program because they either lost their job or 30 of their income when we asked them if they qualify, some said nah, they were just calling to see if they could defer things only about 1 of our people have taken us up on that. That is tremendous loyalty. Why did you used to hear time shares are not bought, but sold. People are sheltering at home. Salespeople havent been able to show people various units they may want a lot of people seem to want to have a timeshare History Speaks to that issue for the last several years more than 6 0 of our sales have been to existing owners who want more product with that said, when the virus hit the fan, the end of march, we closed all of our sales centers, kept them closed until the end of may and just opened six back up this past week we tried to augment that with some enhanced telesales activities we put executives on the phone and happy to say we have about 17. 5 million in sales not a big number, but keeps the lights on. We had jay powell today rates are incredibly low dont these represent great investments where you have very little interest costs and can rent them out at a level where people can say i want a vacation that is clean because i know you disinfect everything in a nice resort, that people are buying a second and third with low interest rates, they make a good investment we try to stay away from the iword, but with that said i think people are making a wise decision to invest in vacations for the future vacations are becoming ever more important than they have ever been people need time away to find a way to reinvent themselves, reinvigorate themselves. As a result we think we provide a perfect opportunity in nice spaces, great photel rooms in great places in the beginning you were looking at the cadence, 54 and then 80 these are remarkable come backs for important areas. It is playing out like we thought it would i wont say we were brilliant in doing this i think its logical we thought the leisure would come back before business or group. We thought short drive markets would come back first, then short flight, long flight and then last the trance owceanic stuff. Owners who own their vacations and put high value in them they are anxious to get out of their house and get someplace they can enjoy themselves. There has always been this debate there were people saying air b and b will wipe out vacations worldwide. I knew that wasnt the case and you knew that wasnt the case. Maybe you can explain why you arent dead and why air b b isnt doing well we are a different product. Air b b, many destinations you are spending time in someones condo. If i was to go to new york city with my family, the first thing i would say when i came through the door was dont touch anything those are not resorts that have amenities, swimming pools, gyms, you name it. We believe we offer a full Service Experience in terms of being able to get housekeeping and food and beverage experience, things you cant find in most air b b locations. I think they have done a good job putting together an offering that resonates with some people. Doesnt resonate with us with us mostly you will see families with kids air b b is largely singles or people not traveling with their kids you are a very different business and well run. Thank you for coming on mad money. Thanks for having me. Thats the ceo of Marriott Vacations worldwide. upbeat music we did it crowd cheering [narrator] wherever you start, snhu is where you can finish. crowd clapping crowd cheering here we go. [narrator] and its it. [group] yay [narrator] you did it, high five Southern New Hampshire university. [man] that gets a hug. laughing look at that masters degree, i did it i did this for my children. I am very proud of myself. [narrator] finish your degree at snhu. Edu. It is time are you ready . Joseph caller jim, orlando. A quickout to my fellow graduate your thoughts on wwe, a contender . Take two interactive. The inhome treat is back to ryan. Whats happening caller tgi i like it because i think boeing will get the high sign from the faa lets go to john in washington john caller thanks for your wisdom and advice over the years. We have been listening since your days on the radio i recently bought in the 60s it has come down, but wait until its 50 to get a better average. I believe in the story i think its a good story. To bill in pennsylvania. Caller i have a cloud flair. Its good get the whole complex going dave in california caller a while back you had a Great Company on, viav solutions. I thought it was a great essential service company. Yeah, we liked it why is that stock not all of the way up i am with you. I like that company and i like 5 g. I feel very charitable lets go to gregory in florida caller gjimbo, chill whats going on caller you have been bullish on cyber security. I am calling about israeli you have had the ceo on in the past made an acquisition of a company. Cyber arc i dont like it as much as others i have been recommending. Doesnt have as much cloud and that is it for lightning round i dont want any trade minimums. Yeah, i totally agree, they dont have any of those. I want to know what im paying upfront. Yes, absolutely. Do you just say yes to everything . Hm. Well i say no to kale. Mm. Yeah, they say if you blanch it its better, but that seems like a lot of work. Now offering zero commissions on online trades. We charge you less so you have more to invest. Can i find an Investment Firm with a truly longterm view thats been through multiple market cycles for over 85 years . With capital group, i can. Talk to your financial professional or consultant for investment risks and information. If you think we have the pandemic under control, think again. For months i have told you we wouldnt be fully out of the woods until we got a vaccine sure enough. Since we started come out of lockdown since memorial day, we are seeing more cases. It is not over we have been coming up with innovative ways to fight the virus. A company in the blood business. When you donate blood the center will often run the plasma and platelets to assist them before giving it to someone else. Can it do more than that cerus started working on a way to use blood, convalescent plasma they run it through a system and put it into patients struggling. We talked to the ceo and learned how it was fighting covid19 among other things welcome to mad money. Thanks for ryour invitation. I was with a good friend last night who got covid early on he went to hackensack to give convalescent plasma. He said everybody who has had it must do it because despite what china says this is saving lives. You are on the frond lines front lines it seems like there is data suggesting it works. First time we worked with it was with ebola partnered with the Gates Foundation our First Experience here was in europe with a partner and also in spain and switzerland as well we worked with our blood Center Hospitals and customers and provided the plasma to patients. It is anecdotal china stopped their study early. I dont trust the chinese. They have stopped trials before even though they might have been good will we have anything confirmed soon a number of randomized controls are underway in both europe and the u. S they should be reporting in the next weeks and months. Krchb e cerus has employed ours across asia and other places. It is my belief that the Blood Centers are the Unsung Heroes of this pandemic and moving heaven and heart to make this plasma available to really sick patients it has been quite remarkable i dont want to say this has been your only business. In a q and a section i was reading, a smart analyst said this has delayed some of the other things you can do because people dont voluntarily give the blood you would otherwise need where is the rest of your business and how is it doing really well the covid19 has had a slowdown in clinical trials, but the overall business and we have weathered the storm. The business and team has been resilient. The studies are now enrolling again. Most of the sites that paused during the height of the pandemic over the last couple months is enrolling patients again so good to see that. When people give blood, they get the donut and leave. But there is a lot more to it. Once the blood is taken, it is not just put in a big tank work that cerus does with it there is a processing scheme with how our partners collect and distribute it across the u. S. Fundamentally critical situation, the inventory of blood at one time is three to five days and that has been cut in half during the covid19 crisis the blood supplies is Still Available and being maintained by Blood Centers throughout the u. S. And world for that matter what are you doing with the funding from dartha . They are partnered with one of our clab rats collaboration we work more closely with another company. Back during the zika epidemic, they were brought to us and said we see your product is approved, we would like to see that in the United States with red blood cells. They provided a contract to accelerate that program. That funds our trials and startups you are targeting 20 to 25 Revenue Growth in 2020 will you be able to make that despite the problems or because of covid19 . The resilience of our business, one of the few med tech businesses who hasnt had to pull guidance we did that on our quarterly call and expect growth out of the United States and europe you are doing a lot of good things i know from people doing convalescent plasma, you are crucial in the process thank you for coming on mad money. We appreciate it. President of Cerus Corporation i think they will be important in this disease. Osophy extends to how we connect with you. We call it, audi at your door. Whether a remote test drive, shopping, tradein, or even service pickup, audi at your door can do this and more at participating dealers. The premium audi dealership experience, on your terms. Audi at your door. Im jim cramer and i will see you tomorrow on mad money. Good evening, im scott wapner on day 164 of the Coronavirus Crisis breaking tonight, the number of cases in the u. S. Now reaching 2 million. Texas has an outbreak under way. Is texas really ready for the fist round pro golfers get ready to hit the course. Im really happy were back to playing golf. Tonight, the pgas top health man on the path forward. Plus, an er doctor in houston who suddenly finds himsel t
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