Transcripts For CNBC Mad Money 20150511

Excited about this market. Today was a profit taker after Interest Rates spiked again. This will be backsliding. The get the proposed deal. Before you get too negative lets propose a few more acquisitions. Why shouldnt they sponsor apache . Shouldnt i be questioning analytics . All these deals make sense to me. They make sense to me because they remind me when activist bought alergen which is looking like pure genius. They reported the biggest numbers in 2015. A monster beat vrsous what the analysts were looking for, propelling the stock up 9 on top of pretty good action at the end of last week despite the hideous backdrop of a really terrible stock market today. Hey if you dont know activist allow me to refresh your memory. It is the business run by Brent Saunders operating at an incredible lechl. Their turning them into commercial power houses well before their time. November 2014 he boughtaler again for 66 billion. 219 a share. At the time it looked like a ridiculous overpay. Alergen stock was 90 a year before. He came on top of a bid from another acquired value make thgt biggest acquisition of last year. While many strugled to make sense how he could ever make this deal work he already put pen to paper and came up with an aspiring number of 25 share earnings power for 2017. Given they were in the mid 200s when he made this projection skepticism was thick. Now with activist over 300 thoi it seems like a given. Making this the cheapest Pharma Company on earth and the fastest growing. A bold move to pay so much for alergen. It has a good eye care franchise and a pipeline within a pipeline whether is botox. That earnings number needs to be revised up hence the jump in the stock. I it this run isnt over which is why we own activist. We follow along. I mention that because sometimes you have to use something bold to make your Company Strong and the stock fly. The purchase came on top of the deal to put the undermanaged slacks and saunders made short work of intergrating that acquisition, turbo charging that portion of the company and activist boosted perhaps you cant be bold enough when it comes to making acquisitions. Now there are many who remain skeptical wlaf saunlders put together. People tell you its only mater of time before the growth runs out and we see the following of the deals. Somebody asked me arent goug to do another big deal . He just did two of them. I find it odd that naysayers are comfortable with whatever Warren Buffett snaps up based on the notion if he doesnt make bold acquisitions, at least participate in them like he did with kraft, the engine would slow. Buffet foes hund hunting, many people applaud him. Hall lay whether saunders goes and bags alergen, the skeptics raise eyebrows. Its hard to do that when you look at the results today. Total proof in the pudding transition. So lets go back to the aforementioned acquisitions. Some of them proposed by me. First, lets talk about the microsoft or the story that percolated for ten straight days. I have no idea what transpired here. Why . The ceo and found are of saels fork. Com never comments on these things. He cant. Hes not allowed to. That said both oracle and microsoft expressed desire to get use in the cloud immediately. The twi do that is by acquiring saels force. Com. Soon to be a 6 billion revenue company. They have to pay a pretty penny to buy it. Sales force worthed 4dz 6 billion. I never thought oracle was a good cultural fit. I know larry ellis son and mark are friends. How about microsoft . The microsoft ceo has a fabulous working relationship with mark. That would have been a doozy. Im sure the analyst was have hated it. Microsoft is always talking a big cloud game. You aint talking cloud if you buy sales force. Com and you keep mark beneoff youre walking in the clouds if do you that. It makes a lot of sense. How about yahoo by yelp . I mean what do you think of that . Now i throw Something Else in. I know people at jim cramer on twitter have this idea. I have gone over at which time wert wife twheekd. People zparnlg me for everything like the behind the scenes master find of fords theater in 1865. Still though this deal would be about getting yahoo growth or more importantly, some worth. Right now you back at the companys stake and the japan stake, guess what theyre valued at. Nothing. What happens whether you buy the companies, roll them up into the ultimate stay at home vertical. I always love. That means different companies. Now they post mates have to starbucks and mcdonalds deals, theyll give you at Home Delivery from terrific restaurants dlug by the way, private label ones. Dont know which restaurant to order from . Go look at the yelp reviews and be seamless. You ghaet delivery. Want to cook at home . Call stain cart offer download the app. Get them to pick up the best of the best at whole foods wlachlt is the worst that could happen if yahoo does this . Maybe it will be worth less than zero. How about the ibm and tablo software. It is the fast grower in the analytic space. Ibm wants to dominate that space. They dont want to do a big deal and they want to boost dividend. They dont want to sell. This company has a price, why . Because every company that is public has a price. Maybe ibm should buy Click Technologies forred 4dz to 5 million. Quick says they almost always wins when it competes against ibm. An acquisition would change that. Should they buy a big fraccer . Why not. Were seeing big consolidation in the oil space. Exxon needs to do something big, move the needle. It wont buy anyone as big as apatchy. But it really should in order to help drive stronger perception growth. The perception is that the acquirer would get crushed. Heres the bottom line. If they pay double what alergen is trading at and keep the pipeline intact and blend it into the existing organization to produce outstanding results like we saw this morning, why cant any of the companies do the same thing . It has to do with the buyer getting the most out of the target. Any one of the potential acquirers could be the next activist. They just need to pull the trigger carrie in north carolina. Big booyah, my man from north carolina. How are you tonight . Im doing pretty darn good. How about you . Fantastic. Question. Started picking up gwba at 60. What should we do . Holy cow at 60 you have a double. Jim cramer real money. You have to take some off. But heres the deal. Go read the release this morning. Its really amacing. They have splg that may be taken for schizophrenia. Remember this is pure canabus. It is a felony to do what theyre doing in the United States but theyre a british company. It looks like its going to be a done deal. Lets go to mark in california. Mark . Hey, jim. Mark out in california. Ive watched you since chief scotts. Man, youre doing great job. Ive moved up to that flat bush mills. Boy is that stuff good. All right. Hey, i got a friend who works for a really good company verifone and theyre positioned very well in the clip replacement. I think your friend has horse sense. Its a complete buy. By the way, blackhawk is a buy, too. You got a twofer, sir. John . Thank you for taking my call jim. Of course. About a year and a half ago you had the president of the arrow environment on the phone. Wall the talk these days about drones and amazon using drones they seem to be the only pure drug play out there outside the really major guys like lockheed and all of those others. Its traded up 30 cents, down 30 cents every single day pretty much for the last on good days it goes up 30 cents. Bad days down 30 cents. Is there any hope for it . Its a quandary. Its a quandary why it has moved up. Fit hasnt moved up yet, sir, maybe its not going to move. Mel in michigan. Mel . Hey, jim. Hey. What about Utility Holdings and wish to add to our long time black rock and or blackstone positions. What do you think . Ill tell you, i know this is im not trying to im not punting here. Both are terrific. I like them both. Ive been recommending them both on a pull back both of them are very right. Whether i say pullback because i think with Interest Rates going higher goen day and i did not expect that they could reverse so quickly, you might get a better prior tomorrow or the next. Anyway activist the company made the alergen deal work this morning. If they can do it oeshgs companies can do it too. Time to see worth while acquisitions. A stock rising on the huge shift toward organic food, milk plant based alternatives. I got the ceo with an exclusive. Then china slashes rates. Will it spark an economic revival in the far east . You dont want to miss my take. Plus Western Union is one of the oldest players in the Money Transfer game. But can they keep growing as hightech players like paypal and facebook join the fray . Ill as the ceo. Stick with cramer dont miss a second of mad money. Follow jimcramer. Send him an email or give us a call. 1800743cnbc. Miss something . Head to madmoney. Cnbc. Com. vo me . I dont just wait for a moment. I watch for the perfect moment. The one nobody else sees. And when i find it i go for it. announcer at scottrade, we share your passion for trading. Thats why we give you the edge, with innovative charting and trading features, plus powerful mobile apps so youre always connected, wherever you are. Because at scottrade, our passion is to power yours. Despite the fact that whole foods reported disappointing numbers, it is still strong as ever courtesy of wwab the maker of organic milk. Think of organic produce and the real heart of the business the part im excited about, plant based nondairy alternatives. It is one of my favorite stocks for ages. Thats why we own it for my childhood trust. These plant based beverages are growing by leaps and bounds. And if like me you ever had a kid that has gone vegan, you know y the stock is going to triple. We reported on friday the company delivered terrific results including a two cents earning beat off a 22 cent basis with in line revenues up 10 prosecutes year over year 20 growth in the plant based foods and beverages businesses courtesy of robust demand for almond and cashew milk. The Company Raised the full year outlook. The stock rose on friday. Given us more than a 60 gain since we spoke to the ceo in february. Amazing. So lets check in with the chairman and ceo of white way foods. Welcome back to mad money. Good to see you. Have a seat. Remarkable quarter. One thing i thought was most remarkable is unlike some other Natural Organic companies, did you not have a problem procuring the ingredients. How did you source almonds and cashews when a lot of other companies are dealing with the drought and a hard to find product . Well, you know, one of the great things about the new categories, jim, is that in fact were really a small part of the cashew market. Were a small part of the almond market. So almonds are used in a lot of products. But youre the fastest growing. This is an amaze being product. And cashews, they love it. Cashews, you know this whole category this plantbased alternative to dairy category is really people looking for something thats not dairy but to use in dairy occasion. And the great thing about cashew is it has the creaminess the luxurious texture. Its a great product. Brilliant. You did have some problems getting my favorite lettuce. But that seems to be according to what you want to call something that is short term. Its a weather problem. We had a freeze. Theyre not that many places you can actually grow organic let lettuce. You have to have nature subject the pests. You cant use pesticides. You have to go in dry place thats can you irrigate. That is the Desert Southwest in the winter. And we had a freeze in the Desert Southwest. Thats what caused the supply shortage. Weve been i know you follow the show. Weve been talking about how we need more farmland. Its naturally organic. Is it happening . Its happening but it is by definition going to happen relatively slowly. So it takes three years to convert an animal to be an organic animal in the kafs a dairy animal. It takes a year to convert organic farmland. It takes time. I have that backwards. Three years for organic farmland, a year to convert an animal. It takes time. The reason were short is demand is just so strong. So as long as this trend is a real trend were going to be short. Because the demand is running ourt ability to produce. Now europe just in credibly strong. I know that they have they like nondairy yogurt. Just coming here now. So you have more categories that are about to xbloed. Explode. This plant based alternative to dairy has a lot of room. In the beginning its been about mill am. And dairy is about a lot more than milk. Its about yogurt. Its about ice cream. Its about cleez. The frozen desserts is going to be big. Cheese these are all happening. Its all going to come. You really the only guy, i know someone saying listen cocacola wants to take position in china. You said there is room for coke. The fact of the mat certificate plant based category in china is big and growing quite quickly. And the big players are Chinese Private and public companies. So this is a market that is going to evolve over a long period of time. But you were very clear this is not something you should be thinking about if youre buying white wave right now. Its not. Its a competitive market. Everything in china consumer is competitive. Weve got great products. I think our western heritage is an advantage in china. We have to find the right way to build that business over time. Okay. Now in this country, you were very youre always up front and transparent. Private label competition. I do worry about that . You know private label is going to be in every successful growing category. Right. The key to sustaining great branded businesses in a private label environment is great quality, great Advertising Marketing and most importantly, always being ahead of the category in terms of innovation. Lets talk marketing. I see this horizon brand, we dont have it featured here but i love it. I love it. And its expanding into snacks. How is that going . Its going very well. Its going very well. So horizon organic at the essence is a brand that moms trust. They trust to put the best nutrition possible in their kids. So were expanding that business is into the kids snack occasion and kids meal occasion out of just the cereal bowl. And its got a lot of resonance with moms. This is still a great growing category. There is actual lit biggest business. I have done all these. I should have gone to this first. Its not sexy. But its consistent. Its growing. So people say what is white wave about . Its about eating better for you and eating natural. But it is also about giving consumers what they want. What they want in this category is a great tasting cup of coffee they personalize. Just the right flavor. Its what they want. Mcdonalds going your way, pa nara going your way. I mean obviously not just this is bigger than some sort of momentary thing. Yes. Yeah. This is a big trend. It is one of the reasons that there is pressure on the input and the companies. Everybody wants a piece of that. We really like our position because we have been there a long time. We have great supply base in these important ingredients and categories. But, yeah its coming. And the key is the folks that are going to be successful are those that have been there and authentic. And that is you. Thats greg engels the chairman and ceo of white wave foods. You know this is one of my favorites and the favorite ever since spun off. Its the way to play natural and organic. Mad money is back after the break. Coming up through the wire. From april toll snapchat. Some of the hottest names in tech are changing the way we move money worldwide. So can a Company Founded in the 19th century stay ahead of the competition . Krayemer is finding er is cramer is finding out in his exclusive with the ceo of Western Union. Theres some facts about seaworld wed like you to know. We dont collect killer whales from the wild. And havent for 35 years. With the hightest standard of animal care in the world, our whales are healthy. Theyre thriving. I wouldnt work here if they werent. And Government Research shows they live just as long as whales in the wild. Caring for these whales, we have a great responsibility to get that right. And we take it very seriously. Because we love them. And we know you love them too. You hear about the more than 14 million new Self Directed brokerage accounts that have open in china year to date. Let me ask you about the great bubble that is developing, stocks are sky high. Last night the Chinese Market improves. The average stock in china sells for 50 times earnings. We marvel how much money is lost. And you go on about this weekends Interest Rate cut by the Chinese Central Bank cut. Lending rates are down to 5. 1 . So what . It wont matter. Nothing matters. China is going to keep getting worse. You know what . Im starting to think it will get worst until dust. There is too much money being created in the chinese stock market to not impact the economy positive. With a lending rate, there is tons of room for more cuts. If the pathetic European Union can be brought back to life why cant they do the same . Its run by the most who pay capital on earth. I know my way of measuring chinese growth is flat lining under the 600 level. The pmis were under 50. As my writing friend points out, there could come a day this index be ready will be up auto points and you have got to be prepared. You have to ask yourself with, so many of these chinese brokerage accounts making a profit, the central bank having plenty of room to maneuver and with the primary market for goods heating up isnt it a matter of time that things get better . Wont we say that china stock market is the reason that they had 40 blus growth snt largest retailer did put up great numbers. They said that chinese automobile demand getting stronger. The Company Makes the pain for manufacture the automakers. I think its become too fashionable to say china is never going to come back. Too fashionable to say they build all got cities with no people in them and simply nothing more to build. The country is stagnant because there is no real demand for any construction. There are plenty of ways for economy to hump. Maybe thats why we had such a strong move in copper off the bottom in january, 29 to 35. Maybe thats where the brazilian Iron Ore Company went up much thats a huge move. Especially whether you consider iron ore is going down in prices. Miners refuse to cut back. Thats why Diana Shipping dsx had, a 10 move in the last few weeks. Could that be an ar bin engineer of what is to come for the freight index . This is signalling Something Else and its strength that i got to tell you, the potential breakouts, theyre saying that chinas turn around is just a few months not years, but months away. If thats the case, there are a ton of stocks that will go higher. They havent moved yet, ge honeywell, boeing. Increasingly the evidence is what will exactly happen. Check out reaction to the caterpillar and joint global upgrades this morning from baird. They zoomed. It was an ugly day because of Interest Rates. Bottom line is i say you have to start doing buying. One of those stocks before everyone realizes that the decline in chinas growth rate well, lets say it is no longer slow and pretty soon the acceleration will begin. Bob in connecticut. Bob . Booyah, jim. Boo yachlt. Appreciate all you do for us. Company is united technology. Utx. They had a change of management. The stock went up. Fell back down just under 118 now. I understand the mass mission is in china. Can you where do you go from here . I think its good. My travel trust sold it because we want to buy honeywell. We had a nice move. I think hnoneywell is a good stock. That is a perfect stock if you think china is going to turn the way i do. Nick . California . Hi, jim. I think txu from sunny california. I want to thank you for all that you do. Im looking for overseas exposure in light of the announcement of the uk treasury to sell down the stake wlachlt is your thoughts on lyg . The stock is having a move. Im not going to disagree. I think you might be on to something there. I was going to think about world bank scotland. But i think i like your choice. I like it. I like it a lot. Its just a matter of time. Chinas turn and im saying its just a few months away. And that could bring a ton of stocks much higher because we lose that today because Interest Rates, believe me i think its happening. Much more mad money ahead including any talk with the ceo of Western Union. In the face of competition and snapchat, see if we can keep transferring growth in this environment. Then even republicans are embracing the president s new pacific trade push. Not everyone thinks its a great idea. Ill get the count everyer argument from one of the best ceos of our time. Plus the lightning round. Jim cramer youre one of my heroes. I look forward to your show every week night. Thank you so much for helping beginning investors like me. Whether you talk about the market, i just believe that youre spot on. Oh, i love it. Thank you so much. Every night we watch you. I have learned and earned. With all sorts of Major Tech Companies like apple, facebook and snapchat a lot of people assume the Money Transfer players are being pushed out of business. Dont tell that to wu stock. Its been roaring. Its more than 21 year to date. How is that possible . Western union knows how to adapt. Companies become the worldwide leader in cross border Money Transfer with the reach expanding 200 countries. Now you might think that Western Union is getting crushed by the strong dollar. There is so much business overseas. When the Company Reported on april 30th they beat off the 38cent basis with higher than expected revenues and manage. Reaffirming the forecast for 2015. In short, Western Union managed to beat expectations in a difficult environment thanks to the online segment. Plus with the strong dollar i believe to have repeat maybe things will be Getting Better for Western Union going forward. Bloom reported a rumor that the Company Might be in talks to acquire competitor money which sent Western Union stock up 4 . The report was inaccurate. Still if the company did decide to snap up money, ate pears the market will improve. Take a closer look with the president and ceo of Western Union. Hear more about the companys prospect. Great to you have, sir. Have a seat. Thank you for coming on. Thank you for having me. I think a lot of people have one view of Western Union and you reinvented this company and doing it on the fly. Tell us what youve done. First of all, we have a fantastic business. We have ahundred500,000 locations. We build a base. And we are very concentrated on our core business. It blinds you from the future opportunities. We have quite good profitable core business. People work in our location and pick up money in seconds. Some are worldwide. We serve about 16,000 corridors. We are also thinking about the future. How do we transform core business and reinvest in the core business. But at the same time we said we saw that customers are changing. People want to send money from their mobile phones. They want to send money online while theyre working thech get a call from home from india and youre in san francisco. You get a call from mom, hey, you could send me 300 . And while youre working for mothers day. Right. Actually many people start to use mobile phones. And thats Enormous Growth area for Western Union. I asked yesterday, wait a second. Do you know Western Union . How do you move money . And she said facebook. Western union. That is that yellow telegram. I mean what is she doing wrong that 25 growth in transactions youre in Western Union. Com. What do you want to tell her . Well, we are moving money cross quarter. Nobody can make it as good as we can. Youre in 200 countries. Walk me through the app of what i would get if i download Western Union. Com. I have it here. Can you go here. And you download it here. Right. And then you get a text message from your mom and your mom says that okay i want to, you know, you want to send 100. You click to next. On the button on the right hand side. And then you say next. 100. And then you give your credit card number or your debit card number, whatever. You get the good funds on your phone. And your mom in india can pick up the but what does facebook probably has all the arrangements. We build this business for over years. Right. We have the programs. We pay out the other guys dont, right . No. We pay out in 121 currencies. Right. That is the key. You pay out immediately. We settle in different currencies. We have present. Were present. We tell you a story. Me personally were in 89 countries. Negotiated with youre in 89 countries. So jersey is easy to get to. It was easy to get to. Its not easy to send money from jersey to nepal. I know that you got right. The people really need us. So you said that story is about Western Union and mgi were inaccurate wlachltkccurate inaccurate. What is the accurate thing . Were very concentrated in our business. You look at the last six quarters, we were very focused to really executing our business. Right. You got the numbers back. You got hurt for a little there. The numbers are growing steadily. It is growing. I really believe the future of business. And digital part of the business plus our btob business. Which is very strong. It is still small. Were under 2 market share. W udot come could be 25 of the business . I think it could be a big part of our business. Its the future growth. Because not about, you know the trick is that combining wu. Com with retail. Dont forget that. This people still want to get it in minutes the money in cash. And speaking of cash if people want to contribute to nepal, what do they do . Go to the home page . Go to the home page. Its zero fee. We wave the fee to hept people. Its essential that people can pick up the 100 or 200 and buy food or build shelter. Its a mission brand. Thats what we do. Absolutely right. Take the president and ceo of the Western Union company. The symbol is wu. Its a very exciting company. Mad money so i back after the break. It is time. Its time for the lightning round. Are you ready . Time for the lightning round. Bernie in washington. Bernie . Hey, jim. Thanks very much for taking my call. I have a quick question for you about petrobas. The Brazilian Petroleum company. The stock chart doesnt look to be like the other major oil companies. No. Its making a comeback. They do report friday. We have to see what they really do. I have to tell you this is a company that is back from the dead and same with valet. I dont want to be. There any yrs i didnt call the bottom in this thing. I can understand why people do want to speculate. Lets see what they say on friday. How about patrick in illinois. Patrick . Mr. Cramer booyah. Booyah. I got some need some information on wind stream and wind stream recently had a reverse split from what i can see. And then they had another company cfal wlachlt is. What is your opinion on them . Wind stream the company i know wow. Thats a Telco Company with a big yield. Im not a fan. I just think that i need growth. And that doesnt happen. Lets go to mike in new york city. Hey booyah, jimmy. Booyah. I want to ask you about 21st century fox. Theyre going back and forth. I wasnt crazy about the quarter. The stock is inexpensive. I think the indian initiatives are going to pay off. Im not crazy about it here. Why . Cbs blew out the quarter. Disney blew out the quarter and time warner blew out the quarter. Brian in new york. Hey jim. Congratulations on getting married. Thank you, man. Im loving it. Whats going on . Awesome. Im playing the financials group. I bought ttbi at 42. I turned it at 52. Should i hold on to it . Yeah, hold on man. Interest rates are going higher. I dont think rates are going to go that much higher. I think youre in the right spot. You want to be there. That is a good back. Lets go to car mine in new york. Car mine . Yeah. Ipo. Atro, i think Johnson Johnson had some shares of this at the ipo before the bench. What do you think of it . I dont know it. I got to do home work. I dont know that stock. That is a new one for me. Lets go to denise in missouri. Denise denise . Booyah, jim this is denise. First time caller long time viewer. I didnt know they had a beach there. Fantastic. Hey, buddy. My question is what is your opinion on turner corp . I actually like the quarter. I think people are too negative about it. I think theyre doing well. I think you want to buy it. Lets go to stefan in florida. Stefan . Booyah, cramer from the sunshine state. Thanks for taking my call. Of course. I want to ask you about hanes brand. Oh, man, that split. It doesnt matter. It makes it even more accessible. That is some company. It is well run. That is the lightning round the Td Ameritrade trader group, they work all the time. Sup jj . Working hard . Working 24 7 on mobile trader, rated 1 trading app in the app store. It lets you trade stocks options, futures. Even advanced orders. And it offers more charts than a lot of the other competitors do in desktop. You work so late. I guess you dont see your family very much . I see them all the time. Did you finish your derivative pricing model, honey . For all the confidence you need. Td ameritrade. You got this. It seems the republicans and democrats cant agree on anything. Free trade. Every expert and every major politician will tell that you free trade is always good. And anybody who has the guts to stand up to this orthodoxy and stha free trade might have serious down sides, especially whether nearly every other country on earth is devaluing the currency. Instantly gets put as a protectionist moron who clearly knows nothing about economics or how the busy World Business world really works. Thats why im so glad that the former chairman and ceo and current chairman of news corp is the big u. S. Steel maker has written a book that makes sense. It is called american me. Why making things will return us to greatness. He is one of the few Business Leaders that is willing to criticize free trade. The other countries play fair is insane. He is a realist who believes that our government actively needs to promote real manufacturing jobs rather than just assuming the decline in manufacturing is irreversible something we have to live w he is the kind of guy who is the the believers in the cult of free trade cant simply dismiss. During the tenure as ceo of news corp he generated a total return of 720 for shareholders outperforming the s p 500. Denlt lay off a single worker. This is a man we have to take seriously. Im thrilled to have dan demikko with us to talk about American Made and what we need to do to get this country back on track. Welcome back to mad money. Oh, jim, my pleasure to be on again. All right. Dan, first thing i have to said say, i read your book this weekend and i loved it y arent you more afraid . Why am i not more afraid . Afraid of the people who think all you want to do is build up a protectionist tariff wall . Sticks and stones they dont have the facts on their side. What ive done throughout my career is deal with the facts. Make sure that you identify the problems properly that are out there and put together a solution that is facts based. And their arguments fall on deaf ears when they try to tell you that the free trader are a has been good for the American Workers or the American Economy and our national security. Its been anything but. And there is no such thing as free trade in the world. And so im a trade realist. Im an optimist long term. But im a trade realist. Im a free trader to be honest. Id love to see free trade work. The problem is when you look at what the world does, there is no such thing as free trade. Its all being manipulated by governments. You dont think that partnership is that good an idea . Lets put it this way. Since 1990 weve had one trade agreement after another. We got the chinese favorite nation trading status put into a permanent status. We have the wto, nafta, korea. Okay . And weve got other things that we put into place. Guess what . Over that period of time we have a 10 to 11 trillion trade deficit in goods. 10 to 11 trillion. All people want to focus on are the export side not the negative effects of those trade agreements on the import side where our trading partners cheat. Have we ever had a trade agreement where he with i have a surplus . No. Not one . No. And how come no one talks about it . Because its not what the folks that benefit by the free trade cool aid talk want to have happen because they benefit by the status quo. And in the meantime heres the facts, jim. Since 2000 we had anemic growth rate and gdp of 1. 9 . 1. 9 since 2000. Job creation. All right. Everybody is excited about 225,000 jobs. We are 87 to 88 months past the start of the great recession. If you compare to job creation numbers of this recession at this point in time versus the 74 and 1982 and the 1990 recessions, were ten million jobs behind at this moment in job creation. 10 to 12 million. Dan, one thing that in your book there say moment where youre meeting with the president. People are talking about global warming. Do you not find that ironic the height of recession the people talking about global warm wlg we export our jobs to china and china exports their pollution to our country . Listlisten they dont have the basic environmental rules in place that republican forced in china let alone anything to do with global warming. And socalled Green House Gases and man made global warming. Theyre building more coal fired power plants than anybody in history. Okay . And every time we lose a product that is made in the United States, whether it is a ton of steel or some other manufactured product where we have rules that we abide by environmental rules, some are way too strict. But we still abide by them. We work to get them modified. But a ton of steel produced here has significantly less Environmental Impact and a ton of steel produced in china. Yet we let them continue to destroy our industry by trade marketism and predatory pricing. In the meantime people dont want the unskilled jobs. You make it clear, these are manufacturing jobs. And if companies in infrastructure jobs. These are not jobs that we should shy away, from right . Absolutely not. This is what built america. This is what built our middle class. If you dont believe me you want to ignore history like some of these pundits do what is china doing . The first thing they did is built a huge Steel Industry 100 government owned. Wouldnt let any of us go in there and build steel plants. And they built a manufacturing sector. Why . Because our own history and history of all great civilizations show that if youre a nation that inowe vats and makes and builds things you have a strong economy, you have wealth you have real Wealth Creation where everybody participates not just the wall street guys or the folks at the top of the fortune 500 companies or i put everybody benefits. You have a growing middle class. And it works. Why didnt you run for president . Oh, god, no. I will be as i told people before ill be happy to an adviser to anybody who wants to get this right on trade. Get this right on manufacturing, get this right on job creation tax reform regulatory reform. Id be happy to be there to support them. But being president is would be a job that best left to somebody who can that has more patience than i do. Because at news corp we get things done. Exactly. And we get it done as a team. We dont get it done by dividing the country. We bring people together. We pray to focus an we go for it and our track record over 50 years is living testimony to the success of that approach. Washington doesnt work that way. Its worse today than its ever been. Dan dimicco, you have to read this book. It is eye opening. It is rigorous. Thank you so much dan. Thank you, jim. Stick with cramer. It took Tim Morehouse years to master the perfect lunge. But only one attempt to master depositing checks at chase atms. Technology designed for you. So you can easily master the way you bank. Attention investors vectorvest mobile is here and its free make faster, smarter better trading decisions with ctorvest mobile. 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The answer is yes, it can. So, the question your customers are really asking is can your business deliver . So whether a market comes down because of Interest Rates, youre looking for special situation tobz able to buy. Thats why i like a stock like white wave. They have so many tail winds. He is still competitive. He is fighting. I wanted to shoe horn china into 2015 numbers. Wont let me. He says that is late 2016. There is so much to like white wave. We have some very big quarters coming up tomorrow. Zillow, the stock was up big. Sun trust upgrade today. David spencer will deliver. I promise you ill be here for mad money. Ill see you tomorrow man tonight, Jeff Foxworthy joins the shark tank where hopeful entrepreneurs come seeking an investment from the sharks, five powerful, selfmade investors worth billions. In the tank, the sharks are ready to invest using their own money. But only for the right person with the right business. Tshirts, hats, and tank tops are only the beginning. Id like to introduce you to Vinny Pastore star of sopranos. You know youre a redneck when your kids are strapped to your luggage. laughs and if the sharks hear a good idea, theyll fight each other for a piece of it. I think that hes giving you a sucker deal. He makes noise. Typical. Nobody wants to do business with you. My deals are good. laughs but first the entrepreneurs must convince a shark to invest the full amount theyre asking for or theyll walk away with nothing. We certainly dont wan