Transcripts For CNBC Fast Money 20160830

Markets right now. Check out this chart. Rates continue to fuel so the market telling us that a rate hike is on . I could see them moving in december. I dont think they move in september. I think its predicated with the fact that feels like rates want to go higher. The real place to find valuation, theyre still cheap. I still think the landscape is challenging going forward. But you cant fight the money flow and its in the banks. Bank of america looks like it wants to retest the level. That sort of slow and steady wins the race. Fisher said this morning that the labor market is near full strength at this point. Unless friday is a dud of a report, no excuse. I think actually, they will. This is up from what, 20 . I think they should because theres enough sort of everythings lining up well enough to do it now and if they dont and Something Else happens between september and december, they cant do it then. Thats a problem for them. I think they should do it now. If you figure almost oneyear highs. The housing market, knock on effect. On a durable number. Weve had a sustained recovery and were starting to see wage gains. Having said that, i think youre in a place where the fed is going to be out there on caution. We all knew it was coming. I think this hike because of the backdrop, weve got to go to brexit, its amazing how many people, two months ago, everybody said that was crazy. Two months ago is brexit. Two months ago, so much to think. And certainly four months ago. Are people then you should be making different allocations with your money. Not saying you cant, just saying that the world thats fair enough. Ive heard worst thipgs. You should allocate your money differently. The numbers this particular case, i mean, the numbers have lined up. When is the fed going to raise everything financials have been traded of late and we got numbers that so far, seem to add up to sell tell us and including what janet yellen, some of the fed officials have talked about in front of everybody, they seem closer to wanting to b finally do it. Now, do they want to do it in the political environment were in now . Im not sure theyre excited. The paper weve seen in bank of america including today, paper at city, morgan stanley, goldman sachs, prudential, a lot of these that are financials or financial related has been nothing but bullish. So, a september rate hike is on the table for a loft these guys. Guy, what does that do for the market . Pull the trigger in september. What happens . Zbling they should raise because because every benchmark, theyve hit. I think they lose credibility if they dont. What happens to the market . I think it probably sells off theyre raising into earnings recession in my opinion. Im not so sure. Do they raise and say were done or continuing . That may trigger volatility. I think that if they say one and done for now, but why be done . Why one and done. Why not were going to do what weve said. Zbl one and well see. Last year, they said were going to have four rate hikes within six amount of o time. To say were doing this race in september and by the way, decembers still alive. Everything else is still alive. If we get back to a place, its going to equal more volatility. I thought it was interesting that Stanley Fisher today said the u. S. Will never consider negative spres rates. I think people thought thats where we were going. So, lets assume rate hike in september. Taupe door for december. Do you continue to buy financial sns zpl yes. I continue today. Dont sell dividend yielders unless theyre ewe ewe till theties and tell kohns. I think the chip stocks continue to move up. Intel. Those kind of names because of the entire time, theyve not only been yielders, but they have low valuation levels and theyve got growth. When you have that combination, you can continue to go higher. I think you then have to follow the rest of the rotation. And sure, tech will continue to work. But it is a place where rotation is is what is absolutely happening here. Look at the rails. Look at some of the industrial names, the airlines. If the world is that much better, the fed is comfortable. After that, these are things you need to own. Youve opinion following that sort of playbook. Cyclicals and growth. And out of the dividend, the sort of dividend that went so far beyond i think where valuations should have allowed it to go. Say your scenario, guy. The fed should raise, but dont. Everything theyve set forth, the two mandate, what are do they see. Should be moving september. Everything has been hit. Yes. Should they move in september. Say what youre predicting comes true in terms of they should raise, but dont. I think emerging markets, which everyone thinks are going to get destroys the minute hikes have been waiting for this. I think that the dollar is not going to go over 100. Does that make sense . Honestly. Theres so many the mind set of investors. I think youve summed up the fact that youve got people in here, guys like guy who felt the world is in a scary place. Earnings recession, et cetera. Feel were drifting higher because theres no place to go. Says the fed missed a major opportunity last week in jackson hole. He joins us from irvine, california. You agree that september is a real possibility. What do you think the odds are . I want to add two things to your great discussion. One, the odds are 60 . Why . Because while domestic conditions are matching, international are flashing yellow, so it is International Picture that is holding back the fed. What makes this probability go higher, a report that that has three things. Drop in xcess of 180,000. Wage growth going up. And no significant move in the Participation Rate that pushes the Unemployment Rate up. If you get these three conditions, then youre going to go for about 60 or 80 . What do you think the market does in response to september rate hike . Initially, a pull back. A hugely induced rally and the fundamentals arent there. Its going to be the financials. Three conditions that you said, is it that they must meet all three or does two of three get them there . So, if they meet all three, then the case would weaken tremendously. It would be hard if jobs, Participation Rate and wages are all saying weve got to go forward. If they get two out of three, that would probably go. I worry a little bit more, they get one out of three. I am in the camp that i should be in the camp. Why . Because the domestic economy warrants it and the Collateral Damage of running a modern economy. Whos in who will control of dollar . The boj or fed . Because really to me, this is a function of obviously the despairty between the Central Bank Policies and people probably oversimplify the dollar, really seems to be like boj actually. I think its going Central Banks that have the influence a andically, even on the yield curve. Look whats happened over the last month. The two year has moved 20 basis points and thats correct. Why . Because the probability of a hike has gone up, but the 30year has hardly moved. Why . Because the 30year and 10year are being influenced by whats happening in new york and japan. Now determined outside the u. S. Say it happens in september. Say the dollar rallies, but we would be doing this as bank of japan talks about a 3d system theyre putting in as they try to torch their dollar and as europe goes on another round of what you want to call it there. So, as global currencies get weaker, it continues to get stronger, regardless of what they say. Fed officials dont want a stronger u. S. Dollar. Yeah, they dont want a stronger u. S. Dollar and a disorderly exchange. Can they tolerate i think the yen has a real problem. And thats because the bank of japan has gone from being effective to ineffective to almost counterproductive. Remember, that currency appreciate td when thd when the negative. Why . Because the bond is too far. So, the yen for me is a tricky one. Put that away. Yes, you will see a strengthening of the dollar. Got to leave it there. Geet graet to see you. Thank you. Okay, so you believe that september is on the table. Mohammed believes septembers on the table. He believes financials are the way to go. Are you fully invested or buy more ahead. Im in banks, actually. Probably sell some upside calls because the its starting to beat baked in, i think. The problem is that youre not getting any premium. Volatilities are low. I have been buying citi, bank of america call, but ive been in bank of america stock itself, so thats for the longterm. Shortterm, i think you can get a pop and thats why they like the options. This is actually a pullback behind september. Such a different mentality from where bhewe were. Weve been talking about black swans, since last august, this is very good news that the fed hikes are in a better place. Up next, the man wwo called the demise in valiant says there is one chinese stock thats a screaming buy and hes been under fire by chinese regulators. Plus, even beyonce couldnt get to stick around. Ratings plumeted. One bright spot emerging. And later, hold the fun. What . After big gains in 2015, burger stocks has been a bust this year, but theres a special indicator that could signal a bottom. Well explain when fast money returns. Energy is a complex challenge. Peop want power. And power plants account for more than a third of energyrelated carbon emissions. The challenge is to capture the emissions before tyre released into the atmosphere. Exxonmobil is a leader in carbon capture. Our team is working to make this technology better, so it can reduce emissions around the world. Thats what were working on right now. Energy lives here. Transports outperforming day. Specifically, united continental. Best day since july 12. Im in airlines, so this was fun. It was nice. It was a great reaction to the news. That was good. I think the reaction was a little bit overdone. September expiration. I still want to be long, but this was too far, too fast. Nice that other airlines, nothing today, specifically happened to the other airlines other than a rerating. Upgrade and based on these changes though. Ipg people are looking at the Airlines Need to be disciplined. The technicality of the market now. People willing to em base sectors that look cheap. These air lips to me, from an earnings perspective, were not talking about a bet. Plenty of room to hike. I feel pretty comfortable there. Spirit airlines, had a huge move in the middle of last month. It basically held the main low. Valuation reasonable. Nine times forward earnings, so if you want a risk reward trade, i think Spirit Airlines makes sense. Oscar munoz will be on mad a money with jim cramer. Ali bah bah rallying today. Just recently come under fire from chinese regulators and hes a chinese internet giant. Heres what we said. Despite growth, its trading at the same price the day of ipo. Despite the growth in gross merchandise and despite the growth in other Payment Systems in the cloud, so i thinn wups the scrutiny goes away, if it ever goes away, the stock will increase quickly. Youre on the show. Very interesting. Just wonder if politically, its part of the reason hes in alibaba. Margins, valuation. You also look at the cloud space. Look at ali. Mkm did a nice job of breaking down they felt each quadrant was worth and its impressive. When you go through the numbers and the metrics they put out there, including the investments in the private companies, over 100 private companies. You add that up and theyve come up with 130 number, so i tend to agree. I look at this name and tim thinks he probably knows more about that than i do, but when i look at the company and all the different quandt rants, you look at the cloud and all the other sectors. This stock feels like its they didnt mention ant financial. Announced through the social, all these thipgs that are suddenly getting much more. To me, this is like a lot of corners of the workforce. People are overlooking the thing theyre saying, the one brain cell fear, gmv at 50 compounded. Coming up, the former ceo said the whole system for pricing drugs is in desperate need by change. Hell tell us what needs to be fixed later in show. Youre watching fast money on cnbc. In the meantime, heres what else is coming up on fast. All right. Yeah, thats what investors are saying about burger stocks of late. But theres a special indicator that suggests it might be over. Well explain. And now in a cruel twist of fate, social media is killing the video star and reeking havoc on mtvs ratings, but could facebook and twitter be the networks unlike lie savior . Well explain when fs munz returns. S. Both on the track anthousandof miles away. With the help of at t, Red Bull Racing can share crical information about every inch of the car from virtually anywhere. Brakes are getting warm. Confme danieyou ed to cool your brakes. Understood, brake bias bk 2 clic. Givinghem the agity to have speed prision. Unbeuse no one knows like clat t. This clean was like w. Rything well . It felt like i had just gone to the dentist. It just teeth are glowing. Erything clean. They look great. They are swhite. Creshd 6x cleaning. 6x whiting. And at two weeks, superior sensitivity relief to the lding sensitivity toothe i actually really like the two step crest hd step 1 cleans, step 2 whitens. Its the whole package. No ones done this. Crest healthy, beautiful smiles for life. Welcome back to fast money. Network shares falling 4 in afterhours trade. Cybersecurity firms posting a Quarterly Earnings that met expectations. Those also continue to rise, but expenses surging. 41 to 345 million roughly and the outlook for the quarter also down. Billings closely watching pr barometer of future business. This as spending by companies and governments on cybersecurity has stayed strong after a spate of major attacks in the past three years. Company also issuing a buyback of up to 500 million, but locking at the stock, down about 4 after hours. All right, thanks so much. Just today, specific crest upgraded barracuda wells other stocks and the sector was higher today. Zpl stock traded higher right after earnings. I saw it 147. Last year, we talk ed about thi failed couple of times about that 190 level. Valuation only matters when it matters and now, it matters in the entire space. I think the stock trades back down to the 125 level. Coming up, tv ratings plumeted despite huge stars showing up for the mtv music awards, but one aud yuns say big gains and rallying nearly 12 . Well tell you why one trader is better bank of america has more. Still on track the end august in the green. Nine out of ten sectors in the s p 500 ended lower. Financials were the only positive sector. Heres whats coming up. Big banks have been soaring and trards think one name is about to take off. Plus, is the burger bubble bursting . Burg opgs. Dont you love it . Options seem limitless, but sales are slipping. Which name can still stand the taste test . A very special fast money report, but first, video music k awards this weekend fell victim to a massive drop in ratings. Viewership plumeted despite beyonce, kanye and prettyny spears there was one bright spot. Streaming video was the big winner at the awards. Ratings dropped by more than a third to an audience of 6. 5 Million Viewers. That is down, thats down by more than, thats down sorry, from nearly 10 Million Viewers last year, but mtv pointed to an increase in digital viewing with 46 million streams on facebook and more than 180 million total streams from mtv. Com. Its worth noting that mtv counts to stream of any video which is clicked on regardless of how long it was viewed so, if someone watched for a few seconds, that still counts, but this does speak to larger trend of eyeballs shifting from tv to smaller screens. A new report from snl. This years olympics coverage had similar issues. The total audience declined 9 from the london olympics while streaming exploded. Nbc ewuniversal saying 3. 3 billn minutes pr streamed. now, screaming can drive viewership to traditional television. Doesnt say they generated more total ad revenue. Its unclear the vma award frs subd night. Any evidence that the advertisers that the valued this audience thats driving with regular declining. Well, i think we saw that advertisers value it when it comes to Something Like the olympics on nbc because a lot o f people are really watching that live. A lot of the issues with the vmas is that you look at those number, theyre amazing, but you dont know how long people watch for. Maybe someone clicked on a link, didnt watch the whole thing. I didnt watch theevmas livv. I dont remember if i saw ads. I think it is about targeting and measurability. When it comes to digital advertising. I know thats an area where viacom has been investing a lot. Thatd rather if people watched it live on television. What do you think . Back in the days when i was getting some deaf leopard and guns and roses. When you work eed at the sna shop . It was like i think post settlement, its an exciting time. I look at the industry and i say you know, im looking at valuation. Very attractive. Their ebitda has been growing 35 to 40 , we know viacom. Thats the trade here. I dont think you have to chase viac viacom. Rich talks about it. Maybe something happening there. Even with the problems, i think viacom valuation is cheap. Everything she described is the reason disney sits below and facebook continues to grind facebook wins all of this and by the way, fast times at ridge monte high too bad she wuasnt on. Youd be watching for many minutes. Facebook. I like facebook. I think when you think about who would be the beneficiary most likely, google, dont forget. Youtube is still a very, very large presence, so those would be the names. Goi with facebook as well for all the reasons you guys laid out. My quick back in day of the mtv days, eric nice, remember himm he was also on the original real world. He was on the very first real world. Phenomenal. The show is called the grind. Just telling you right now. You call him eric nice . His father is an nba referee. Madonna. The banks. Not a performer. Still ahead walk like an egyptian. Jeremy levin is here with a major message. Plus, fast food chains are struggling to keep sales stable, but theres an unlikely sign there could be a bottom. Well ek plain. Where, iall of this, is the stuff that matters . The stakes are so high, your finances, your future. How do you solve this . You dont. You partner with a firm that advises governments and the fortune 500, and, can deliver insight pson to person, on what matters to you. Morg staey. Sales at fast food chains are slowing. Susan lee has the details. Mcdonalds, wendys burger king, all reporting slower sales. The reason americans are not eating as many hamburgers as they used to. Theyre still eating a lot. 8. 7 billion burgers in the 12 months that ened in june and according to the research group. Thats fewer than they did in 2015. Also down from the recent peeks of 2010 and the slowdown is taking place really across all from fast food, fast casual, casual dining and even family style restaurants. So, why are consumers passing on the burgers . One reason might be cheaper groceries. Wendys president saying the gap between eating out and at home, this is a great recession. Another reason might be higher demand for chicken offerings. Research group says that the top 250 limited Service Chains in the u. S. They added 78 new chicken items in the First Six Months of 2016. Compare that to only 15 new beef offerings and thats because chicken is deemed and seen to be a lilt bit healthier and a little bit more versatile. Restaurants, their analysts, he says that the field is too proud right now. He says there are too many offerings and too low barriers to entry and the population isnt growing fast enough to meet the ply so, thest a tough environment and they say that that actually favors a restaurants that can duothe cheapest, like a discount the most like jack in the box, like mcdonalds or get into Something Like pop eyes or del taco. We thought it was the perfect time to do a burger taste test, so guys got his blindfold on. From shake shack, mcddnalds, wendys and guy is going to guess which is which. Okay. Zpl pete does. Big bite. Got it . Is that a fork . Yes. Cant touch it. He can touch it. Sesame seed might give it away. Just eat it. Thats wendys, but im going refrain for a second. You want to put it down . You dont have to eat the whole thing. Thats how you keep your girlish figure. Doi that. Next one. Tucker did a marvelous job. Havent touched a burger this time. Dont touch it. I dont want to touch the burger. More sanitary. Zpl that is clearly mcdonalds. Mcdonalds. Please label that. Thank you. Label it. Why dont you touch it . Again with the touch. Shake shack here, mcdonalds last one. Wendys, the first one. Drop the mike. Because i nailed it. Drop the burger. Oh, he got it right. I look like the hamburglar. This is the most sophisticated blindfold weve ever had. Zpl i want to show the audience what they made me wear. Its creepy. Looks like a training bra. Im sure you remember. Lets stop talking. How did you know which was which . Well mcdonalds is wendys, i thought originally, because you have the lettuce in there, but i didnt want to mess it up with shake shack but shake shack out of the three was the superior burger, so by pros of elimination, shake shack, mcdonalds, wendys. Which do you like the best . Which stock do you like the best . Zpl burger king. Zpl thats not a choice here. Out of all of them, i like the shake shack burger. Interestingly enough. Which do you like the best out of these three . Mcdonalds. I got to give tim credit. When mcdonalds was floundering in the day, he did one of those stand up things when he made his own burger and talked about how mcdonalds was reinventing themselves. Stock took off from there. Just the other day, bear upgraded. Zpl whos he . Rw baird. Tim, where do you stand on mcdonalds now . Certainly, despite a valuation that bamaybe got ahea of itself, i think the turn around is alive and well and i think the competition many the burger space plays to mcdonalds strengths in terms of diversificati diversification, the all daybreak fast. Theres things about this company, also on margins. Same store sales. Still better than expected. Should trade 21, 22 times. Puts out at 135 bucks. The rate of change stands for what exactly is going ton there. Started with breakfast, its also affected by the franchisee. Also, with guy, im going to say jack in the box. Have you taken a look at this name . Ewe doba, that stocks hitting all time highs. Yeah. Youre finishing all the morsels now. This is a good burger. Tasty burger. Exactly. Mcdonalds. Rsel you went off was what did you do with your mask . I threw it away. Still ahead, bank of america shares are up about 20 . Weve got the details. Plus, the drama over epipen price hikes could have a major impact on health care and the former ceo of teva has an unlikely message. Jobs disappear . Aying its what the National Debt could do to our economy. If we dot soe our debt problem 19 trilln and growing money for programs ke education will shrink. In just 8 years, interest on the debt will be our third laest federal program. Bad news for small businesses. The good news . Theres still time for a solution. Ask the candidates for a plan to sece our future. Whats goi on here . Im val, the orange money retireme squirrel from voya. Were putting away acorns. You know, show the importan of savg for the future. So youre rt of like Spokes Person . More of a spok metaphor. Get ornized at voya. Com. Mylans controversy is leaving a dark cloud this week. Now, one former drug insider says the system is in need of change. Meg is with foerm ceo. Kick it off. Zpl thank you for joining us its a pleasure being here. One of the things thats come to light this week is the difference in the invoice price, the list price of a drug and the net price. What goes out to the middle then . Is that actually cricketing to the higher cost . Very significantly. The basic principle here is that youve got really three players. One player is the innovator. Because thats the big include the pd measurings. Lastly, the generics. Theyre not real innovators. What youre seeing in the middle of this ground, a tremendous amount of value going to the big insurers, the pdms, so they add on invizsible costs, that we, yu and i and our families dont see. Is the drug maker not to blame here . Are there things in the system that do incentivise drug makers to raise prices . I think theres a lot that do insent drug prices . In part to the middleman here. In part, there are other, one of these of course is how in fact the drug makers think about how theyre going to innovate what theyre doing and there is a very different and very important consideration and that is that sometimes, were insented not too much to but to drive profits and the i think the balance has to be readdressed. Not just the elements we see in the middle market. In terms of executive compensation, thinking about the shortterm inincentive. 80 come from where the primary incentive. You basically, this is very important as well. But what you have to do is now shift a little bit how you think about the drive for innovation and the inventive to get that information. Both in large innovators and the small ones. The management, the boards understand it. You need to go back to the process of how do we get phenomenal innovation back into this industry. I was curious because mylan recently announceded its going to open the market now with a generic version of the epipen and the its still under fire, signing a letter saying its still 300 and thats still too much. Whats your sense as to how the pricing is and surely tx more reason bable than the 600 plus doll for a two pack. Is 300 low enough . No way saying that or understanding the price what it should be. Mylan has to deal with us. Theyve got to come, explain to them exactly how theyre doing it and im sure theyre going to be able that, but what is the right price for them to determine and make sure they understand what theyre getting. More trarnz parnsy, would the entire system benefit . If they had to say what the next price was . Transparency, what we have interpreting the concept of what is a rebate and why you shouldnt have a rebate and what it means is critical. Very important of this complex system. It is critical. What it means, just saying to be transparent, we have to actually nail down what that meeps. Zyou mentioned legislation, som would translate that into potential price controls. Youre not saying that. No, i do not believe in price control. For innovative drug, tremendous benefit they bring to you. On the other hand, the generic manufactures, the whole principle should be lower costs and as low as possible for these drugs that have been around for a long time and indeed, represent about 150 billion of sales in the united states. And nearly 90 of all the prescriptions in those context, those types of drugs, we are not investing in research. We are not trying to understand what youre really doing to improve the patient benefit. Youre simply passing them into the channel. There, you have to depress prices considerably and complete transparency of what kind of rewait baits and how youre getting them in the system. Thank you so much. My pleasure. Now back to you. Thank you. Pete, its now been however long since mylan stock continues to climb, but certainly not to the degree in the first week. Do i touch it . Yes. I think now theyre still under fire and i think were, i personally have not jumped in and i dont know that fs a great idea because we dont know how this is going to play out. Obviously, theyre trying to remedy this as fast as possible. Ipg its interesting, mylan has done a decent job of pointing out the problems in the system and trying to you know, throw some blame on the pharmacy benefit managers. Because this whole process we talked about transparency, but we dont know how much the net price back to mylan is. Whether theyre keeping those guys out of the middle and swru going straight to the consumer. Back to the banks. Bank of america summer summer surge continues and the option pit wants in. Brian . Bank of america has been on a tear ever since post brexit and whatevers going on basically, we saw one options trader this morning step in and play game. He bought almost 100 call of the suspect. Thats expiring this fire on the 16 strike calls. He paid 12 cents. This is when the stock was at 15. 84. This trader already has this past the break even of 16. 12. The stock open up strong, the Bank Continue to be strong. At that 15. 85 mark, now above the support line. Looks like we want to head towards the 16. 88. That margin Interest Rate improve if the fed starts to raise rates. Some of the traders playing into the jobs numbers this friday. Thank you. From the cme. If that does not raise rates in september. Yes. Starting to give, what do you think. In the shortterm. Does glide toup that 18 level . Thats a little ways away. But theres some time in between now and then. Go higher mean that is 16. 88 level. If you want to be involved in these banks, what a better way to do it. Get yourself a huge mass. 125,000 of these did trade. Youre doing that and you know what your risk is. Youre not buying the stock. Stock hasnt been this overbought on a level in ten years. The highest. The momentum measure and that tells you something. Check out the show, fridays, coming up on mad money tonight, concerns of safety and Police Relations this year, cramers looking to the future of security. The ceo of taser international, he shares his new outlook on safety. Thats next. Coming up, final trade. Hey gary, what are you doing . Oh hey john, im connecting our brains so we can share our amazing trading knowledge. Thats a great idea, but why dont you just go to thinkorswims chat rooms where you can share strategies, ideas, even actual trades with market professionals an thousandof other traders . I know. Your brain told myrain before you told face. Mmm, blueberry . Tap into the knowledge of other traders on thinkorswim. Only at td ameritrade. [ yes. Yes. ] uhhh, youre really getting the hang of this. Anncr want feedback that helps . Verified reviews. Another reason to join angies list for free. This new ac guy is not that good. No hes not. Anncr. need a job done right . Search toprated providers on angies list. Join for free. Tmom didnt want another dog. She said its too much work. Lulus hair just floats. Uhh help me doorbell mom, check this out. Wow. Swiffer sweeper, and dusters. This is what im talking about. Look at that. Sticks to this better than it sticks to lulu. Thats your hair lulu mom, can we have another dog . lauing trap and lock up to 4x more dirt, dust and hair than the store brand stop cleaning. Start swiffering. Mary buys a little lamb. One of millions of orders on this companys servers. Accessible by thousands of suppliers and employees globally. But with Cyber Threats on the rise, marys data could be under attack. With the help of at t, and security that senses and mitigates Cyber Threats, their Critical Data is safer than ever. Giving them the agility to be open secure. Because no one knows like at t. Time for a little fast but not least. Mark zuckerberg is reportedly building an artificial spell jensen system to control his house. A robot that can control the lights and adjust the thermostat as well as making toast. But wait, a sneak peek ahead of the big unveil. Take a look at this video. Jetsons. I love the jetsons. Pete. Going with morgan stanley. Its going higher. Got growth. Jd. Com. Got more growth. Yeah, ual. I think it was a little fast too soon. Sell a little upside. Yep. Thanks for watching. Well bought. My mission is simple. To make you money. Im here to level the Playing Field for all investors. Theres always a bull market somewhere. And i promise to help you find it. Mad money starts now. Hey, im cramer. Welcome to mad money. Welcome to cramerica. Other people want to make friends. Im just trying to save you some money. My job is not just to entertain you but educate and teach you. Call me at 1800743cnbc. Tweet me jimcramer. Look, theres just too much of everything and too Many Companies beating their brains out competing against each other. Thats why the urge to merge has become a major problem th