Hey, cramer, booyah, is this thing for real now . I mean, are we really in trouble . I knew right then wed have a nasty selloff and we did dow sinking 137 points, s p giving up. 90 . I knew it because the politicians have finally been able to create enough concern and enough people that its being chatted about in the street. Now it is ironic and tragic and sad that washingtons the scene of a real life and death drama today. And im talking about the artificial one created by the politicians. Both sides have started accomplishing what i perceive as the actual goal, which is to embarrass each other, stigmatize each other making us feel the other side has a reason to be reelected. Our savings are also affected by the debate in washington. One side, the other side or both are able to paralyze us with enough fear and truly hurt us with the collateral damage. Well, we havent really cared about it. But today, we started caring. Now, im not going to tell you how i feel what can or should happen. I want them to settle their differences. Allow the country to sell some bonds without defaulting. I dont know why the republicans dont give in on the debt ceiling thing. Playing real hardball over the budget, offering substantive not rejectionist changes that make life better for most of the citizens. I, like you, am tired of hearing that either side wants to negotiate. We have to have more hardship. Market has to go still lower because nobody pressures washington until it really hurts much more than its hurting now. Its not hurting enough yet. I kept thinking if i were a politician in that coffee cart this morning listening id be jumping up with joy to see how people really finally getting scared. Its kind of like the village burning wi burning, its the smell of victory for these politicians. Lets leave the fantasy and deal with reality. The moment we transition into this is for real, there are going to be insanely stupid and vicious and unwilling to compromise. Thats the moment its time to do what actually worries me. As me, as involved with the business world. You know what it is . You know what moment were at, its the moment we start cutting the earnings estimates of the companies we follow. This goes to this. Hey, we saw that yesterday in united technology, a Great American company said there are 5,000 jobs at risk because the government closure. Terrific, 5,000 people at utex alone about to lose their job because of the principle of what . Do you have any idea how hard it is for washington to make up for the 5,000 jobs theyre costing. They can wipe them out in a threeday shutdown. Hey, hey. You think its going to be any different for Lockheed Martin or General Dynamics . If i were an analyst following the companies, i would cut numbers before tomorrow morning, before the open. Why not get ahead of this thing . Saying, hey, im taking down my rating. Obviously, though, the pervasive nature is percolating through the system. Last night we had ceo of paychex on the show. I happen to be a customer of paychex and i have to tell you i met with partners in the businesses im involved in, and in each case, we had to estimate how much business we could lose or how we could slow things down spending wise because were no longer in a hurry to do things fast. Why bother if three weeks from now the governments going to default . Who is going to spend . Who is going to want to eat out in that situation . Each business im involved is a Service Business which caters to that trade. I know what im talking about here. Im nervous. Take this morning, one of my colleagues at the street. Com who picks stocks for a living asked me advice on a company that leases and maintains uniforms. I said sell it. Colleague says why . I said because the numbers are too high given whats going on in washington. Why would you need more uniforms if the politicians have made it clear that the economys going to collapse. Who starts spending ahead of a calamity. Hey, calamity coming, let me spend a lot of money . Now, you could argue that all this is fanciful and soon to be a resolution to which i say why do you think that . You having a lot of pain . I think pain factor just beginning here. There hasnt been enough heart ache. They want more heart ache and pain. There havent been enough days where its hard to make ends meet. But if youre involved in real business, you know that when people are buzzing about a calamity, you better get ahead of it and stop your hiring and start your firing. Just like stages of hiring and firing in the real world. There are stages of buying and selling in the stock world. Today as i sank in theres a siege going on and the odds of solving this thing are growing longer not shorter by the day, we started having to include what i call the mickey mouse factor when it comes to stocks. Yes, as in the u. S. Has become a mickey mouse place to invest. We need to understand the lack of privacy the United States has these days. When i was in the Money Management business in the 80s and 90s, we were no longer so big we can stand on our own. We need people from other countries. But investors around the world, they dont want any mickey mouse factors at all when theyre choosing where to put their money. Like, oh, yeah, they may not pay their debt. Thats called mickey mouse. Who needs this market when it could implode two weeks from now . Why not go to more stable markets like germany or United Kingdom or japan. They have a very low to know mickey mouse factor. Italys got it. They dealt with their mickey mouse problem much better than we have. Now, i know that in the end we have a government not as good as its people and its corporations. Im totally confident that you and i and the stock market will get through this period. Everyone has to recognize this is day one when chaos intruded into daily life. Itll take another week before the majority realizes the pickle were in and knows were really looking mickey mouse to everyone else on earth. Im sure well fly up at one point tomorrow, as we always do on fridays when the short sellers fear there could be a deal over the weekend. Thats how it always is with the political fights. The cycle will start all over again on monday if theres no deal. Heres the bottom line. Fear factor and mouse factor are now percolating. And with that, were going to get number cuts and downgrades galore as analysts try to get ahead of events. I warned it was going to get ugly before it gets pretty. Thanks, washington, for welcoming us to the club, the Mickey Mouse Club of lowered estimates, lowered expectations and lower stock prices. In the name of, oh, when you figure that out, would you let me know . Its way beyond my pay grade. Michael in michigan. Michael . Caller jim, thanks for taking my call and let me give you a big michigan go blue booyah. Okay. Sounds good. Whats up . Caller all right. Ticker symbol ael, american investments, American Equity Investment life holding. Its a predominantly fixed index annuity and fixed annuity company, like 95 of their investments where it comes from. And im a little confused because a lot of it a tenyear treasury. And ill try to make this quick, but people like annuities. Caller huh . People like annuities. They think its a better deal than owning cds. Caller i know. Im sorry. Go ahead. Caller i know. My point is everybody like yourself saying you need to be out of treasuries and be in equities so forth. I see and look at the stock and im in and out of it and the float is just crazy right now, its like 29 . There isnt any shorts available at least to the brokagee ag bro. Yeah, i think it is a short squeeze. A huge amount of stocks short. Id be careful on that. I dont like those situations. A lot of people like to go on the backs of the short sellers. We want to have fundamentals going for us. This stocks up a lot. Maybe its you know, id be a seller rather than a buyer. Lets go to max in florida. Max . Caller booyah to you, dr. Cramer. Exactly. Caller i want to know if you feel as i do that elan musk and his world class engineers will engineer their way through the recent problems much like boeing did. And maybe downgrade would be the rain on the parade. Do you think this stock will run until the end of the year . You know, when you see the video of the tesla car, i must have watched it ten cars, i was fascinated. And when youre fascinated and the stock is up 400 , therell be people who say im not waiting around for the second fire. And thats where you are right now. I have always said this stock goes up until they execute poorly. This was not their fault. But when people read a video, theyll say im selling it because the next one will be as bad. Unless theres not a next one, the stock is going to go lower. Thats the problem, people are going to keep waiting for the next one. Tesla, its finally time to take a little profit if you ive stood by and watched it as a cold stock. If i were part of the cult, i would feel less cultish after today. Can i go to dominic in new jersey, please, dominic . Caller hey, jim, hows it going . All right. How about you . Caller hanging in there. My question to you is around imfa. Yes. As we continue to see corporate push to cloud technology, it appears position to benefit their daily integration systems. And the signal that were getting, guidance from the company and the ceo is that theyre looking to more than double in size over the next two years, whether its by you remember the couple of shortfalls we had here. You know, we just had some really bad shortfalls. We felt the last shortfall was the one that was the bottom. But now its up a lot from the shortfall. Id like to see a couple of good quarters before i get as bullish as you are. Congrats, washington, your mickey mouse antics. What can i say . Youve officially lowered the bar. And when we get out, well, beats me, but i do know this, no matter what, mickey, well get it together. Mad money will be right back. Coming up time to connect . From Cyber Security to server performance, f5 networks is becoming one of the biggest players in the i. T. Game. Does the recent price dip make it prime for plugging in . Or should you browse for a better portal. Dont miss cramers take. And later, hidden find . Cramers been blazing a trail through the Energy Industry, tapping into the Companies Striking black gold. Now a newly minted stock caught his eye and could be ready to heat things up. Stick around for the big reveal. Plus, export economy . Dominion resources is leading the charge toward exporting American Natural Gas as we move closer to shipping out our vast reserves, is now the time to hop aboard . Dont miss cramers exclusive with its ceo all coming up on mad money. Dont miss a second of mad money. Follow jim cramer 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. [ man ] on december 17, 1903, the Wright Brothers became the first in flight. [ goodall ] i think the most amazing thing is how like us these chimpanzees are. [ laughing ] [ woman ] can you hear me . And you hear your voice . Oh, its exciting [ man ] touchdown confirmed. Were safe on mars. [ cheers and applause ] hi. [ baby fussing ] after todays delayed reaction session where the market finally really did get crushed thanks to the budget fight, were going to have to start getting a little opportunistic. The Government Shutdown has only just begun and even worse the debt ceiling drama is coming to a head two weeks from now. At the second barrel of a doublebarrelled shotgun that our elected leaders have aimed at the heart of the financial markets. That doesnt mean we have to give up. Doesnt mean we sit on the sidelines like spectators until it get resolved. Although you should have been raising cash in your portfolio for weeks. Didnt look that smart when it kept rallying at night, but feels a lot smarter now. You know what, if youve got that cash on the sidelines, lets start thinking about how to put it to work in more days like we had today. Because there will be more weakness. See, on days like today, i find it important to remember that when stocks go down, shocker, they get cheaper. They become more, not less, attractive. Sells like this one create opportunities. This is a stock you can pick out on the way down, gradually build in position as the averages head lower. It would not have been down today if the stock market hadnt been done. See, thats right, washington is giving us a fire sale. I want you to put f5 networks. I have not liked this stock in years. Ffiv right at the top of your Shopping List. F5 is the leading player in the networking business, dont let your eyes glaze over. Means they provide hardware and software that helps Companies Securely and efficiently manage the delivery of application and data traffic on their networks. Big data management. Their products ensure that the traffic doesnt jam up the network and make everything secure which is important. Although they sell both hardware and software here, its on the Software Side where f5 truly excels, which is why they have a sky high 83 gross margin. Usually Gross Margins at the 60 level and gross margin being what the Company Makes after the cost of the sales of a software business. I want you to think of f5 as an Agnostic Software provider. With the use of cloud computing, its more important than ever that information be able to flow quickly and securely to the right people, not just people, but to the right ones. Now, i used to say that f5 represented the fast lane of the information superhighway. Ive been rethinking that. Its not clear. Companies more like the person who directs all of the stoplights in the big city, keeping the traffic moving while still ensuring safety. We need f5 considering that internet protocol traffic should triple between now and 2017. As data, voice, video and all sorts of Additional Services throughout the web. But heres the thing, after delivering some incredible outperformance in the rebound from the great recession, f5 has turned into a genuine bow wow, the stock is down 9 for the year even though the nasdaq is flying, in part because the company missed numbers in a big way in spring. Along with the rest of the market falling above 43. F5 is still down 4 while cisco has given you an 11 gain even though theyve disappointed too. Thats the same period. And during much of that time, cisco was not doing well. Ciscos outperformed f5 even though theyve both been doing okay. Why am i telling you to put f5 on the Shopping List . Working aggressively to turn things around. This could become a comeback play, a turn around. The stock has come down to the point where its cheap. Its never been cheap before. And as the crisis in washington continues to unfold, i bet it gets cheaper. 16 of cash per share, the stock is selling for 17. 3 times next years earnings, that multiple falls to 15 times earnings when you back out the cash. This is usually a company that has had twice the market multiple, now its below the market multiple. Let me put that valuation in perspective, please. F5 has a longterm growth rate of 13. 9 , trading at slightly more than one times growth. Consider the historical context. Since 2007 on average f5 has sold for 24 times earnings. You know what, this thing would be at 122. Thatd be almost 40 higher than it was if it just reverted. However, im not simply banking on reversion here. Statistics speak to the fact that all sorts of things return to historical average. Maybe much higher as well as higher earnings estimates. Remember, you get the price of a stock by multiplying the estimates and then the estimates and then figuring out what the p is m times e equals p. Two weeks ago Cantor Fitzgerald with a very compelling buy recommendation, slapped a 110 price target on a stock. And would represent a gain of more than 21 points from the levels. How can f5 get there . When we talk about tech, tech trades on new product cycles. As products get older, the sales decline and then Companies Come out with new and significantly improved models and come roaring back with a vengeance. Thats the tale of the tech. In the most recent quarter, they posted a 10 yearoveryear decline in revenues. Thats because it was at the trough of the key product cycle. The company now has the biggest product line refresh in four years in the works and when the new products hit the market, theyll return to growth. Plus the company will be up against easy comparisons thanks to the softness of the recent quarters. F5s core application represents a 5 billion adjustable market, one that can expand to 14 billion. F5 is a big chunk of that pie. And their market share could grow as cisco has dropped out of direct competition here. About a year ago, they stopped designing new Application Delivery products and with f5s new product generation line coming through, they could sweep away the remaining market share in this space. I thought this was a compelling fact. Beyond that, f5 is moving to new areas with big sales coming related to mobile, security and the cloud. Three incredible themes. According to Cantor Fitzgerald, f5 could have a 20 billion total adjustable market, keep in mind this is a fierce competitor. How about some catalyst here . First of all, the Company Reports on october 23rd. Im giving you this story ahead. I usually wait for the quarter. I wouldnt be at all surprised if they actually beat the expectations because theyve been reduced so heavily. However, thats right after the debt ceiling debacle is expected to hit. If washington is still at mess at the time, f5 may not go up even on a good number. But then on november 14th, the company has an Analyst Meeting where i think theyll tell a positive story. Ideally well be out of the woods with the shutdown and debt ceiling. I hope. Heres the bottom line, f5 has been bent, spindled and mutilated but turning things around with a product refresh coming biggest in four years. The networking business is healthy here and i think the stock deserves to be bought. I want you to use the washingtoninduced weakness to buy f5 over the next month. Keep in mind i havent recommended this stock in years and years and years. Itll get cheaper as it goes low. And i bet it springs back once everything gets resolved in the capital. Stay with f5, stay with cramer. Coming up hidden find . Cramers been blazing a trail through the Energy Industry tapping into the Companies Striking black gold. Now a newly minted stock caught his eye and could be ready to heat things up. Stick around for the big reveal. You know throughout history, folks have suffered from frequent heartburn. But getting heartburn and then treating day after day is a thing of the past. Block the acid with prilosec otc, and dont get heartburn in the first place. [ male announcer ] one pill each morning. 24 hours. Zero heartburn. All week ive been trying to help you find stocks to transcend the washington morass. Which is why tonight i want to introduce you to a whole new one, its a pal of mine, a buddy even, its called frank. As in Franks International, fi. The Global Oil Service play. Now, you know that we have this drilling boom happening here in the United States thanks to the new red hot shale plays. Dominion, you keep hearing about it. Its all these new companies. But its actually not just on domestic land, not just here. The price of crude remains high all over the world. And Many Companies are making use of fancy new technologies to get more of the stuff out of the ground. Often in places that were previously considered inaccessible, simply not economic using oldfashioned drilling techniques and a lower price of oil. This is a niche oil service play named for a guy named frank. Companys from 1938 but only did come public this past august and a lot of people overlooked it when it did. While it may not be a household name to you, it is within the oil patch. Everyone knows franks. Franks is a key player known as the Tubular Services space. May sound like a piece of early 90s slang, but its a crucial part of building an oil well. When you drill a well, you need to install casing pipe to keep the well stable as well as production tubing to pump the oil to the surface. There are two Major Players in the oil patch, Franks International and then weatherford which each control about 20 of the business with the rest of the competition fragmented. Giving that weatherford is stumbling of late, i think that franks has a fabulous opportunity to take share from the competitor. Even without the opportunity to steal lunch money, the company gets 74 of the revenues from offshore drilling. More than half of the business coming from deep water and ultra deep water sites that require a heck of a lot of tubing. Franks is more international and domestic, about 50 of sales overseas which is a hot area right now and only 15 in a crowded and oversaturated north American Drilling market where pricing has been under serious pressure. Go ask baker hughes, halliburton, theyll tell you, this country is not a great country for oil service. Why is offshore so much better for an Oil Service Company than onshore . Because offshore is where the real Growth Opportunities are right now, especially in deep and ultra deep waters. We know that the ultra deep water rig fleet is expected to grow by 40 between now and 2016. Thats not so good for some of the fleet makers, i mean for some of the actual fleets. But offshore drilling is a much more service and technologyintensive activity, which means its a lot more profitable for a company like Franks International. For example, the average land welling in the United States requires about 50,000 worth of Tubular Services. But the average deepwater well in the gulf of mexico requiring roughly 2 million of Tubular Services. 40 times what an oil company would spend drilling on land. Even though you hear about these land drilling projects, theyre not as lucrative for franks. Weve got 65 ultra deepwater rigs coming online by 2016, representing 5 million opportunity for the industry. Thats not crazy. Its not a crazy assumption given the companys expertise. These could be worth 200 million in new sales, thats huge for a Company Expected to produce 1. 14 billion in revenues this year. Not only growth but visibility too. Its easy to see how much money theyll make down the road. Thats because on newly built rigs, contracts for the Tubular Services that franks provides are signed anywhere from 2 to 5 months before the rig is developed is delivered. And once these contracts are awarded, they tend to be sticky. As the companies that are drilling in deep waters dont like to switch contractors mid project because its very expensive to switch once youre in. Its also laborintensive. At that point, Franks International will already be fully integrated into the rigs and its needed to run production tubing which can come months or even years after they lay the initial casing on the well. Plus, everybody in the oil pack tells me this, franks is a terrific operator. Because the company is niche focused, they pretty much only do tubular casing, that puts them in a competitive advantage. Unlike weatherford where tubing is 6 of the business. And Franks International is more than just Oil Service Company. Its really an oil Service Technology play. In the same mode of core labs. Have you seen that stock . Thats given us tremendous gains. Not only does franks have state of the art engineering but theyre sitting on patents. As a 43 margin on earnings before interest, taxes, depreciation and amortization margins while the peers closer to 19 on avrerage. Some Technology Companies have much higher margins. But in this patch, the oil service, these are more unheard of. Its really the only sizable competitor out there. And franks is disciplined on bidding from new contracts. They wont give in on pricing in order to win on a business that would be less profitable. Its unique for a newly Public Company in that it didnt need to raise money. The companion has a solid Balance Sheet with barely any longterm debt. I think they became public in order to use their stock currency. Stock is a currency, they can make acquisitions with the stock. Management has said they want to do some small highly targeted takeovers. Buying companies that offer Similar Services that could easily be added to their product lineup. Right now frank sells for 19 times next years earnings estimates, about the same multiple as fmc technologies. Good company. But considering that franks has substantially larger margins, i think the company deserves a higher multiple. The stock barely batted an eyelash despite the epic falloff of the market. Heres the bottom line, were on the hunt for companies that can thrive in this domestic environment thats so troubled by washington. Franks international fits the bill. Its a brand new oil service ipo. Its mostly overseas, mostly offshore and the companys a fantastic operator. I think its a buy here into any washingtoninduced weakness, although i cant say i expect that much of a pullback because it has so little to do with the capital. Peter in connecticut. Peter . Caller jim, how are you, buddy . Real good. How about you, peter . Caller im doing wonderful. My question, stocks on gbx greenbreyer. Its more of a commodity play than people realize. I went around with greenbriar and trinity. They cut each others throat off and make it very difficult. And this ones up 55 . I dont think you should buy greenbriar up here. Can i go to florida. Caller hello, jim, im a big fan of your show. Thank you. Caller i find your show very helpful in making stock decisions for me on a daytoday basis. Thank you. Caller i really appreciate your candid and Straight Talk on whats going on out there in the market without sugar coating it. And this really, really helps investors like me on an everyday basis. I really appreciate that. Thank you. Caller i really like to have your take on pze. No, thats too easy. Its had a nice run. Argentina is not where i wanted to invest. I was willing to invest petrobas. Hasnt done that much yet, i think thats a much better buy. I like pbr, not pze. Dont let domestic politics cramp your portfolios style while hunting around for d. C. Resistant stocks. When we find them, we like them. You know what we like . We like Franks International. Buy franks and say thanks. Stay with cramer. Tomorrow, kick off the trading day with squawk on the street. Live from post 9 00 at the nyse. Stay tuned, the negativity seems to be cut by some of these calls. All starts at 9 00 a. M. Eastern. [ male announcer ] more room in economy plus. More comfort, more of what you need. Thats. Built around you friendly. It is time it is time for the lightning round on cramers mad money. Rapidfire calls, you say the name of the stock, i tell you whether to buy or sell. Play until this sound and then the lightning round is over. Are you ready . Time for the lightning round on cramers mad money. Michael in new jersey. Michael . Caller booyah, professor. Oh, thank you for giving me tenure. Whats going on . Caller yeah. Hello, one question involves himx. Is it still a buy . You know what, ive been thinking a lot about this. I thought the stock should have been 13, 14 by now because of the google investment. So im going to say yes. Lets go to raj in texas. Raj . Caller booyah, jim, from houston, texas. My question is anl. And the answer is, no, im not going to recommend that stock. Im not recommending any of the mortgage Real Estate Investment. Theyre too hard to understand and difficult to manage during a taper no taper situation. James in new york . James . Caller booyah, jimmy. That was one of the best ever. Whats up . Caller whats up, man . Im trying to pick your brain today about iron mountain. Well, this stock got hurt because people thought it would be a Real Estate Investment trust. It happens to be a very Good Management records company. Im going to say, yes, buy it. Lets go to steve in new jersey. Steve . Caller booyah, jim, thank you for my call. Youre quite welcome. Whats going on . Caller jim, ive had ibm longer than ive been married, two splits ago. And ive watched it go from 220 down to the 180. Well, they missed the quarter. A lot of people feel Warren Buffett is selling. I dont know. I dont want to own ibm. Linda . Caller cramer, is now a good time to buy valmont industry . I dont know. Mismatch, too hard for me. Jimmy in florida. Jimmy . Caller yes. Go ahead. Hello . Caller hello. Youre up, jimmy. Caller okay. Hi, jim, this is jim from florida via rhode island. Okay. Caller i wanted your opinion on a stock, hei, jim. I like heico, aerospace, a lot of good things going for it. Id like to buy it even on this weakness. I think its a good one. And that, ladies and gentlemen, is the conclusion of the lightning round. The lightning round is sponsored by td ameritrade. Five tech stocks with more than a 10 . Change in aftermarket trading. All the tech stocks with a market cap. Of at least 50 billion. Are up on the day. 12 lowvolume stocks. Breaking into 52week highs. Six upcoming earnings plays. That recently gapped up. [ male announcer ] now the world is your trading floor. Get realtime market scanning wherever you are with the mobile trader app. From td ameritrade. The ocean gets warmer. With the mobile trader app. The peruvian anchovy harvest suffers. It raises the price of fishmeal, cattle feed and beef. Bny mellon turns insights like these into powerful investment strategies. For a university endowment. It funds a marine biologist. Who studies the peruvian anchovy. Invested in the world. Bny mellon. Help the gulf when we made recover and learn the gulf, bp from what happened so we could be a better, safer energy company. I can tell you safety is at the heart of everything we do. Weve added cuttingedge technology, like a new deepwater well cap and a stateoftheart monitoring center, where experts watch over all drilling activity twentyfourseven. And were sharing what weve learned, so we can all produce energy more safely. Our commitment has never been stronger. What should we do with the socalled bond alternative stocks. The high yielders where the Federal ReserveBond Buying Program continues to keep the yields from fixed income artificially low . Given what the capital could do to the economy, the fed might hold off on tapering for some time. Consider dominion resources, the nations largest one of the largest gas and electric utilities and sports a 3. 65 yield. Dominion roared last month when it became clear that the fed wasnt going to ease up on the bond buying and even after getting dinged with the rest of the market, off of the 52week high. Its not just a utility, though it gets 80 from the regulated activities. It has a distribution business in the marcellus shale positions. And an export terminal theyre building in virginia. This is a dependable company boosted its dividend by 7 annually by 2010, you dont get that from treasuries and with a potential debt ceiling looming lets check with the chairman and ceo of dominion resources, find out more about how his company is doing. Welcome back to mad money. Its great to be with you. Thank you. Because of where your utilitys located, it to know, will you see a decline in usage because of the shutdown . Were going to have to see how that goes over the course of the year. We had increased usage, actually, in residential customers in the second quarter. Third quarter finished, obviously. But we did have an impact in our Government Sales and some commercial sales in the second quarter. But it was fine in the first quarter. So well have to see how this works its way out through the course of the year. But relatively to many in our industry, i think were in decent shape. You made a lot of changes since we spoke last. Divided into two things. First, you got the approval, and i want to get a sense of whether you have customers lined up or if youre feeling if you build it, they will come . Which is it . Jim, we have signed 20year offtake agreements, Terminal Service agreements. One with japan and the other with gail in india, theyll take up all the capacity between the two of them for 20 years in what we would call a take or pay. Whether they use it or not, theyll be paying for the right to use the facility. Thats 20 years after we start operating which we expect to be in 2017. And youre sure there was a fabulous article in the New York Times about your facility. It seems like its much closer to reality than anybody and maybe i dont know because of the amount of infrastructure you have, it is why youre putting a lot of money in, youre much closer than anybody else. Weve got were only 100 miles from the marcellus and utica shales. We have a pipeline dedicated to the facility already. We have 14 1 2 billion cubic foot of storage at the site. We have a terminal that can handle super tankers. We need a liquefiers and a couple more permits that were working on but hope to have in the first half of next year. But the big one for us was the export permit from the department of energy which we got last month. How many more people are working at dominion right now than before the approval . We have the construction process once it gets started is going to employ thousands and thousands of people for four years. Do people three years. Do people in washington, d. C. Understand that when you do a project like this even though it does involve fossil fuels it does put people to work . I think they do. The department of energy has been very supportive. This administration has generally been very supportive. Theyre going through a deliberate process. I think they want to make sure its done right and cross their ts and dot their is. This facility is in southeastern maryland in the local congressional delegation there, steny hoyer is the congressman there. I think they understand and the governor and others understand theres a lot of jobs created by a project like this. The second i want to ask you about is why mlp . Because, you know, i like your setup. I think its easy to understand, but i know you can do an mlp. What is the advantage of doing an mlp for the parent . The Real Advantage for us, what were talking about doing, an mlp that would include primarily two assets when its up and running, and a joint venture interest we have in a gathering and Processing Partnership in ohio called blue racer. Thats what were looking at. Well have to file an s1, do all the things by the book next year. It ought to be neutral or accretive to dominion because of the cash flows that come out of it. I know you understand how they work. But dominion should come out quite well with it once we start. Do you target what the payout will be from the beginning . What the yield might be versus dominions . We will, but i cant talk about that until we file the s1. All right. Theres a guy who has been negative and candidly wrong at bank of america, he said the reason why youre doing this is because youre mitigating the adverse impacts of a rising Interest Rate environment. Thats a major reason. Was that the motivator here . It wasnt considered at all, actually. We were trying to figure out job at dominion, our management teams job was to figure out how to maximize value for our shareholders. Taking the assets we have and figuring out a way to get the most bang for our investors dollars. Thats our job. Thats why we decided to explore that and explore an mlp. Two constituencies that people have been upset. You seem to have solved the environmental side. Youve got the environmental side with you. How about the companies that feel its unfair youre sending natural gas overseas . I think we theres, i think most of them are looking for there to be a balanced approach, send some overseas but make sure you dont send too much. It drives up the price of gas. I think the studies that have been done on it show at almost any level of exports, you will not drive up the price of gas. Its got a selfcorrecting mechanism in it. Wow. Terrific. Well, you know what, tom, i saw when the stock popped and, boy, youre a growth utility with a great dividend and a tremendous commitment because i know your insiders are buying all the time. Thank you so much for coming on. Tom farrell, president and ceo of dominion resources. Great seeing you again. Thanks, jim. You see why this has been a my favorite utility for a long time. Its got growth, imagination, and a good dividend. Stay with cramer. I want peacocks. Peacocks . Walking the grounds. In tuscany. [ man ] her parents didnt expect her dreams to be so ambitious. Italy . Oh, thats not good. [ man ] by exploring their options, they learned that instead of going to italy, they could use a Home Equity Loan to renovate their yard and have a beautiful wedding right here while possibly increasing the value of their home. You and roger could get married in our backyard. Its robert, dad. [ female announcer ] come in to find the right credit options for your needs. Because when people talk, great things happen. Humans. We are beautifully imperfect creatures living in an imperfect world. Thats why Liberty Mutual insurance has your back, offering exclusive products like optional better car replacement, where if your car is totaled, we give you the money to buy one a model year newer. Call. And ask an Insurance Expert about all our benefits today, like our 24 7 support and service, because at Liberty Mutual insurance, we believe our customers do their best out there in the world, so we do everything we can to be there for them when they need us. Plus, you could save hundreds when you switch, up to 423. Call. Today. Liberty Mutual Insurance responsibility. Whats your policy . We are now getting ambiguity left and right about what will really happen october 17th when we hit the debt ceiling. Will the government default on our bonds immediately . Will we miss Interest Payments . Will our Credit Ratings be downgraded . Or will it be somewhat like business as usual because the government will have money on hand to pay the interest as well as the maturities of bonds that come through. Given we had 17 Government Shutdowns and gotten through them without catastrophe, its easy to believe this will be no different. The ones in 95 and 96 were catalysts to send the stock market higher not lower. But we keep hearing this debt ceiling thing is different. Yesterday, we were scared out of our wits when he said nothing is done about the debt ceiling by october 17th, it could be catastrophic for the country. We should be concerned its not business as usual. However, Warren Buffett said this morning right here on squawk box that it wont be the end of the world and we can go beyond the 17th without problems, we just cant go for a whole year. I think he was being a little hyperbolic about the year. Theres plenty of money kicking around to allow the government to pay the interest on the debt and any bonds that come due. He made a lot of us feel a heck of a lot better. And given hes a modern day jpmorgan, it doesnt seem like our confidence is misplaced, maybe Buffett Knows more than anyone. Buffetts comments were welcome because they explained how we can have this continuing spectacular rally in bonds, treasuries as opposed to a selloff like youd expect as we careen toward the socalled drop dead rate. Shouldnt bonds be getting crushed here . And people treating to something less risky . Oh how the mighty might have fallen. Its true. The longer we go after october 17th without raising the debt ceiling, the more likely that riskfree designation for treasuries will vanish and the full faith and credit provision will be rendered meaningless. Still, though, buffett defined the cooler heads prevail thesis for the moment. It was refreshing and soothing. But soon after buffett made his comments, jack lew came right out swinging making it very clear that catastrophe is still on the table come october 18th. He made it seem more dire than ever. Whats the truth . Thats the issue. We dont know what the truth is which is why during the last debt ceiling standoff in 2011 former president bill clinton said that president obama should invoke the 14th amendment of the constitution without hesitation, he said, to raise the ceiling and force the courts to stop me. Back then the president said his lawyers thought this argument wouldnt win. And the clause that emboldens clinton is open to a lot of interpretation. Seems like a winner if you read the phrase out of context. But including debts incurred for payments of pensions and bounties for services and suppressing insurrection of rebellion shall not be questioned. If you slip out the notion of insurrection of rebellion thing, and i think you do have a good constitutional case. Clinton wasnt saying the president would win on the merits, he was trying to find a way to help pay these bills. Its not outrageous to argue as people said it was on jim cramer on twitter all day. Whos right . If youre the president , you need to force the hand of republicans. But is the president miscalculating . There are people who want to stop the president. And they want to close the budget deficit so badly they will contest the legality of going above the debt ceiling. Is there any difference between that and pleading the 14th amendment as a way to pay the bills . I dont think so. Ill fall back on the faith and credit of Warren Buffett. I think well go through the 17th and i think the stock market might go down into that day. But i think well live to play again and panic would simply not be an option because of this thing certainly not, which is now looking more and more like just another political gambit, one that while certainly jarring simply cant be described as catastrophic until the bonds are actually in default. And thats just not going to be the case come october 18th. Stick with cramer. [ male announcer ] when we built the cadillac ats from the ground up to be the worlds best sport sedan. People noticed. The cadillac ats 2013 north american car of the year. Lease this cadillac ats for around 299 per month with premium Care Maintenance luded. Bny mellon combines Investment Management investment giving us unique insights which help us attract the industrys brightest minds who create powerful strategies for a countrys investments which are used to build new schools to build more bright minds. Invested in the world. Bny mellon. Its here finally, the season premiere of american greed the fugitives. The feds want them in jail but the russian mob wants them dead. Who will get to them first . Dont miss it. Twitter files, one thing you need to know from me, im not going to bless this deal. We have no idea whats coming, what price, what market cap. Lets do the work before we make a decision to get too excited. Theres always a bull market somewhere, i promise to try to find it for you here on mad money. Im jim cramer. I will see you tomorrow. This was a dramatic scene earlier today as a car rammed the security barrier near the white house and the driver led police on a wild chase all the way up to capitol hill. Police shot and killed the driver near the capitol building. The capitol was put on lockdown. The latest right here. She did not have guns, she was unarmed, but she was using her car as a weapon. That according to police. The woman had a 1yearold baby with her in the car, the baby was not hurt. One Police Officer was injured in a car crash related to the incident. Were going to have more on