We can have tremendous gains like we had today. Hallelujah we know there are gigantic bets made against stocks at all times. When the bets work, they work big. But when they fail, the failure is spectacular. [ applause ] and the bulls trample those who try to profit from declines in stocks. The herd was thundering today all right with the dow roaring 321 points, the s p pole vaulting 1. 66 and the nasdaq screaming higher 1. 65 n. The last 24 hours we have witnessed some of the greatest short gains i have seen as well as downright disastrous bets against companies that manage to produce h herculeanly fabulous results. Today it did so in breathtaking fashion. Before the winners and the losers let me say unlike almost any other time i can recall its the action of the panicked short sellers that are in charge here. They are controlling the prices you see. They are the ones who are moving stocks in either direction. Sure today we were helped by the European Central bank staying easy for longer than many thought. Whats driving the market on a moment to moment basis is short bets that are gone awry where they are in the whole market where big hedge funds buy s p futures in order to cover shorts against the market or short sellers who had to cover shorts by buying stock because the sellers never materialized and there was furious buying instead as hedge funds came in to get some more action. Now i actually like short sellers. The shorts play a key role in the market. Short selling is a vital part. It exposes frauds and faults. They make money when companies falter or when shareholders capitulate to fear even if nothing is wrong. The shorts lose money when the story is stronger that be expected and they have to buy back shares they have shorted or bet against. Sometimes for much more than they initially soldle them for. Today we saw a ton of short bets go bad creating spectacular wins for the longs and it only got more difficult for the shorts after the bell. When we saw some stupendous gains. Lets start with the huge triumphs. How about alphabet known as google and amazon. Both of the companies which have had incredibly inconsistent earnings making them, of course, Fertile Ground for the short sellers just crushed the numbers after the close today. Its been difficult to figure out how google was doing when it reported in the past. Not this time in its new alphabet iteration. We saw amazing gains across all lines of the company and a 5 billion buyback to boot. Thats a shorts pulverizer. How about amazon . Holy cow. Tonight amazon reported an actual profit. You heard me. Amazon reported a profit, one that walmart would no doubt be je louse of. In the last two days we have been hearing, o geez, when you went on the floor of the exchange down there all we kept hearing was people were shorting fang, facebook, amazon, netflix and google. They were acting funky and betting against it. Netflix may have failed to deliver. But the a and the g are roaring in after hours training and so the facebook. Right on the back of short sellers who have been pressing them down for days. The only fly in the fang outlook what do i do with the g . Fana . Thats not much of a name now that googlele is alphabet. These are moves sending up tomorrows session. Thats just the tip of the iceberg. There are other groups where the shorts have been obliterated albeit not as dramatically as fang. Where did the shorts go wrong . Thats the essence of what really happened today. Not that things were so spectacular. They werent as bad as we thought. Lets start with the banks. Hedge Fund Managers believed that the fed would not raise the rates figured the banks which need higher rates to make money. If we dont get higher rates they are a natural pushover. When they reported they did go down. The earnings werent that horrible. The possibility of a rate hike is within our sites. The group failed to produce sellers which is what you need. The remaining shareholders didnt capitulate. There is too much profitability especially with the possibility the regulators will be going for larger buy backs that was the hallmark before the great recession. Look no further than jpmorgan. Remember when it was going to have a disappointing quarter. There was hammering, crying and fear. Stock is up big since it reported. The industrials were part of the rolling market we know is pressing down health care pushed down by weak china sales, hailed as dangerous by the feds fears of the weakening economy and victims of the strong dollar. The industrials seemed like sitting ducks. Going into earnings season. General electric reported first. It delivered a spectacular quarter. Since then we have had Company Reports with a little bit lesser gains. 3m like today. Yet they are anyway. Simply too cheap. The shorts were betting against them. Boeing because the ceo of delta last week said there was a glut of wide body airplanes. That struck here fear in the hearts of every long and emboldened the shorts. In retrospect it looked like a canard that forced the shorts into an ever rallying market. Meanwhile the dollar is stronger but it doesnt matter. There is a sense that china is improving or about to do huge stimulus as well as the fact that the chinese stock market refuses to go down. Lest i forget about todays bullish comments from the European Central bank. The markets were up huge. It spread to ours. Clorox, kimberly clark, pepsi co and cocacola have been viewed as bond market equivalent s. When hedge funds were concerned rates would go higher they shorted the stocks. The added layer of security that they would succumb to the dollar. But the fed didnt tighten and the worries diminished. Almost all these Companies Beat estimates because of declines in raw cost. The fantastic numbers we got from mcdonalds today were the coup de grace which was seen as a faltering company with little hope of recovery. Nope. Too cheap. Real turn around. More on that later. Finally over looked because it was linked to personal computers was old tech. The internet of things has replaced ailing devices as the main driver of Companies Like intel and texas instruments. By the way, texan delivered an amazing quarter last night plus endless consolidation. The Western Digital san disk has helped the group. Why . Firmer pricing, better profits for the companies. Then after the close today we got an incredible number from microsoft. A huge earnings beat sending that old dog soaring in after hours in part because of a stunning increase in its cloudbased business. Looks like the old tech move has more legs than people thought. Do you know whats incredible though . The shorts may have been skunked by what the europeans did to spur growth. They have to be shocked that f. A. N. G. s got fangs again. They have been coining money in an area that was the biggest generator of profits for ages health care. Thats right. The bets are playing off huge here. I want to give the shorts their due even on a huge up day. First they nailed drug roll ups to the American Companies with european headquarters. They used tax regimes to acquire bases and cut the tax bills immediately. Specifically the shorts have just been obliterated. Questioning the accounting not to mention the business model. They have made fortunes. V valeant traded at 8 yesterd8 ye. The hospital stocks have completely collapsed. These former darlings have been the big winners from the Affordable Care act as millions got insurance. But the patient count slowed down and the hospitals are disastrous. Community health systems, a beloved Company Since obamacare, plunged 35 . How long did it take . Today. One day. 35 . Every single hmo is being slammed from the pit action. A wholesale slaughter. Finally the biotech because of unpalatable drug pricing. Thank you for nothing valeant, you wrecked the sector and the group has been hit hard. I dont think it will snap back. Not quickly. We are in an election year. The shorts go but health care has been amazing. Amazingly bad. The bottom line this market has been turned on its head with what looked like fabulous shorts turning into magnificent longs and vice versa. Its this sea change, not the numbers, not the reports that explain so many of the moves we have seen. They are exaggerated moves since the start of earnings season. Three short weeks ago. The seachange for the most part is proving to be astonishingly bullish because it wasnt supposed to happen. Things werent supposed to be good and they look to be better than anyone thought, least of all short sellers who bet against them. Lets start with calls in ovin in maryland. Caller booyah, jim. Booyah. Caller im in howard county, maryland. First, thank you for taking my call. Im a first generation investor. I manage my portfolios and both are up because of you. Thank you for that so much. Youre welcome. Appreciate it. Thank you. [ cheers and applause ] caller my question is in relationship to the stock i purchased at 35 cents a couple years ago. Now its up to over 4. The stock is sirius xm radio. I listed a Conference Call and im excited about it. You should be. First, congratulations. Fantastic work. I think it goes high. A lot of cars being sold, 18 million. A lot of cars are staying on the road and they want to install sirius. I think sirius is a necessity for many people. Stock goes higher. Mark in new jersey. Mark. Caller big jersey shore booyah to you, jimbo. Ocean grove booyah back at you. Caller ford motor company, f. I took a substantial position a few dollars back. It was a nail biter for a while. Now that its trading roughly 15. 58 do i do the moron trade and put more on or take the money off the table. As you know from action owners plus. Com i dont like to violate the bases. I dont like to pay up. But ford is just a quarter or two behind gm and will catch up. You know i think china is coming back. Gm has big business in china. I like ford. I think its fine. All right. We saw some of the greatest short gains i have ever seen including alphabit and amazon. We are seeing shorts turning into longs, putting the sea change in charge of the market. Tonight one of the great American Companies you may not know about. Sitting down with the ceo. And talk about a happy meal. Mcdonalds reporting increase ing sales worldwide. I will tell you if the turn around has legs or if its time to exit. And could all the deals push cyprus semi higher . Ill sit down with the ceo to find out. Why dont you stick with cramer . Dont miss a second of mad money. Follow jimcramer on twitter, have a question . Tweet cramer, send jim an email to madmoney cnbc. Com or call us at 1800743cnbc. Miss something . Head to madmoney. Cnbc. Com. Some neighbors are Energy Saving superstars. How do you become a superstar . With pg es free Online Home Energy checkup. In just under 5 minutes you can see how you use energy and get quick and easy tips on how to keep your monthly bill down and your Energy Savings up. Dont let your neighbor enjoy all the savings. Take the Free Home Energy checkup. Honey, we need a new refrigerator. Visit pge. Com checkup and get started today. Lets talk about a high Quality Company thats really working now snap one incorporated, maker of premium tools and equipment for everything from water repair, agriculture, mining, military, Power Generation clients. That is stock thats been climbing steadily for ages. Up 20 year to date but not enough people have heard about it. Looks like snapon has more room to run. They just reported a robust quarter. Four cents off 1. 94. The sales came in low but it didnt matter. The company is seeing some of the highest. One of the stocks shot up 2. 5 . Lets dig deeper into the story with the chairman and ceo of snapon to learn where it is headed. Welcome to mad money. Great to be here. When i say organic growth and you have a huge organic growth you have invented new things that are driving sales. Not like you bought a company and tacked it on. Thats right. One of the things about us is our people are in garages for more hours for more days. I was just in a garage riding in one of the trucks. During that morning two people suggested a different product to me, one to take off the oil pan on large trucks and another for toyotas to get inside the wire harness without disrupting it. That drives the business. We make hand tools, for example. We guarantee them for life. How do we have a business . Cars keep changing. Like this. This is a brand new one. This didnt exist. It didnt exist three months ago. It just came out. Its setting records. By the way, this thing is faster, lighter than ever before. It has more data, more data. I hook it up its wireless. Its a laptop. You plug it in plug in a special module to the car and walk around wirelessly. It allows you to observe the computer codes in a car, watch the cars heartbeat. Allows you to put the car through the paces. In other words make the diagnostic system in the car stand up and do dog tricks and tell you what its doing. Then you can look at what the manufacturer says to do about the data. Then you can do our special proprietary data that will tell you, boy, 90 of the time when the car says this, this is what you do. Short cut all that stuff. Nothing like it. You have basic stuff people dont have that are equal to the times. Right. Like this. This thing we are all talking about hybrid cars. They have 300 to 350,000 volts kicking around inside the car. This thing will insulate you to 1,000 volts. You dont want to fool around around the batteries with a tool without being insulated. We have a line of tools that will do that. Every time a car changes we have new things to bring out. Thats what organic growth is. If you are talking 7. 3 in growth you are talking about bits, bites, tools, liners and lifts that we sell more year over yearle. Thats what happened this time. We talk a lot about the internet of things and the connected car. We dont talk about the fact that they cant be fixed by aaa when they come to see you. Exactly right. Today, cars are more and more complicated. It used to be measured in the 90s you measured engine codes on a car in the tens. Now its in the thousands. This is the wave of the future in diagnostics. This thing i talked about is the wave of the future. If you go to independent fwrajs, older cars garages, four in ten repairs need this. With newer cars its 7 in 10. Soon everybody will need this and we have a full range of products. This, top of the line that deals with complicated repairs. This one i talked about last time on the show which just the maintenance repairs. If you want to change a battery, sometimes you have to reprogram sml. If you want to change oil you have to do some things. Were not just talking over seas. China, weak. Military is weaker. Right. Oil and gas. Why has it not brought down earnings . We have a lot of places to go. We are just penetrating. Just starting to penetrate some of those things. Military was down. Oil and gas was down but mining was up. General industry was up. Heavy truck was up. Are there more car dealers. No, no. No change in car dealers or technicians. Its the drive of the different che changes in vehicles. People ask us, there are a lot of new cars out there. They will sell a lot of new cars. 18. 5. The vehicle park in usa has aged every year since 1980. People asked me a great question today. They said, you know, we have head winds. I know. I talked about it, yes. They said our o. I. Margin was up 130 basis points. They asked me, are you cutting . Have you cut back . No. We are investing more because we believe in the runways for growth in this kind of thing, new product and in extending to other industries. We have faith thats going to lead us to bigger and better. It has continually. One of the greatest stories we have had on. I wish more people knew about snapon. We are not going to stop because youre not stopping. Nick pinchuk of snapon, one of the greatest stocks on mad money. Stay with cramer. You know whats the greatest most remarkable thing about the turn at mkd we saw this morning . Its in the first inning, thats what. Yep, its only just beginning. I dont like to chase stocks at their all time highs but i think they are in place for a multi year move. First the turn around is about the new ceo came in seven months ago and decided to fix the fundamentals. Took out the difficult menu and long lines that hurt at the drive through. He moved menu items that gummed up the works and emphasized mcdonalds was going back to good tasting consistent convenient food. He did what many thought would be impossible. He got the buy in of franchisees who run the day to day stores and explained he wanted quick change. He wasnt going to fall back on Something Like, hey, you know, well try this and that. Weve big. It will take forever to fix. That was the mantra. That was the excuse for so many failed initiatives in the past. Instead he tested new menu items including more chicken one month in. He got feedback from the franchisees and millions of customers and rolled out everything nationally this month. It might have been difficult for even chipotle to get it out that fast. You have to be amazed at the local test to nationalle distribution speed. It was lightning. Once the franchisees caught the excitement they added new workers rs cleaned up, put more money in. Easterbrook knows food retailing is a psychological game. You start to see better results, the people who run the store are en er jazzed, pick up the pace to the point where 98 of owners bought into these changes. Thats a phenomenal turn for an organization that is supposed to be disspirited with angry franchisees who lost faith in the headquarters like we read. There are no champagne corks yet in illinois. Hes just getting started. Hes rolling out all Day Breakfast and introducing new Technology Like the computerized selfordering kiosk in australia where you park, and the food is brought to your car eliminating drivethru lines. There is a hand held app. Its going to get better. The focus is on the u. S. Which hassle real growth and thats a big deal. Over looked in the stories i read and the Conference Call was the shocking comeback in china where same store sales rose 28. 6 . Bringing them back to where they were two years ago before bad pub lisly knocked them down. Its just the beginning of a major turn as the chinese are flocking back to mcdonalds though they are staying away from kfc and taco bell for now. I need to do more yowork on yum. It could be a turn around. I have been a fan of easterbrook since he came in. He knew things were broken add he had to get it right fast as he had done for the companys european division. He knew simplification was the key to fixing the fundamentals. Hes got that in place. Now its to the actual improvement of everything about the experience and, yes, as he would say, making mcdonalds fun again. As it was when my kids were little, we didnt go anywhere else. Let me give you the bottom line. Count me as a believer in the turn. I think well look back and marvel at how this was just the beginning of the comeback and paying 110 at close today wont be a mistake. Easterbrook is the real deal which means mcdonalds is back and guess what, it might be bigger than ever. Gary in indiana. Gary. Caller what . Youre up, gary. Caller its already undone, i think. Charlotte. Hi . Gary, youre up. Caller hello . Yes jim, i was wondering about shake shack. I heard somebody say yesterday that it was on yalls program that it was 30 up. Should i stay or should i go . There is a lot of stock coming to hit the market. Its at 1. 5 billion. Its a little bit too big for me versus how few stores they own. Long term i am a blaefr in shake shack. I dont discourage anyone from buying in the 40s. I didnt like it in the 90s but in the 40s its okay. Jay in arizona, please. Jay. Caller hi, jim. Big booyah to you. Thank you. Back at you. Caller all right. My question is about gap inc. They have had a tough year this year. They are in the middle of a turn around. After this disappointing september result there have been leadership changes there. My question is do you think the troubles are behind them and this is a good time to buy or do you see headwinds and you suggest holding off . Its down 30 which is a tough year. 3. 3 yield. My problem is re tail turn arounds are almost impossible these days. There is no way gap can get out of apparel. I dont want to be in that one. I see so many retailers. Its back. This is just the beginning of a multi year move and im lovin it. Much more mad money ahead. One of the biggest Semi Conductor players in the game. Its been in the house of pain. Is this the time to move . Dont miss my exclusive with the ceo of cypress semi. That stock is cheap. And are the utilities Worth Holding . Its an exciting day but diversification is key. I will gauge the industry with the ceo of American Electric pou. Your calls rapid fire in a brand new edition of the lightning round. Stick with cramer. Whats happening with cypress Semi Conductors. They make chips in touch screens, systems on a chip. Along with controller chips for machines and devices and static random access memory chips or s rams. From september to march the stock wore higher thanks to the expansion. The stock has been taking it to the wood shed getting stuck. Now the group seemed to come back to the wall street fashion show including cypress semi which moved higher. The headlines were mothing to write home about. Lower than expected re new declined for the previous quarter. A lot of mixed stuff. The guidance was below what wall street was looking for but the stock went higher. We are seeing beaten down stocks rally after reporting not so hot numbers that fit the bill because people realized the future might be better than the past. The real positive here is cypress semis buy back. 450 million. Its been a shareholder friendly company. 204 yield. New buyback equivalent to 15 of cypresss market cap. Its huge. Lets check with the founder, president and ceo. Find out where the company is headed. T. J. , welcome back to the show. Hi. Lets get to it. On your Conference Call you guys are talking about we think hes been on the board for years. Just wants to take out stock, take back stock, buy back stock, make money by buying back stock. I have never heard anyone say this kind of buy back isnt a stand there buy back. You intend to take in every share because you think the stock is dramatically under valued. Absolutely right. As you know we are in the middle of merger mania in silicon valley. As such we run scenarios on this possible scenario merger often. What was really interesting is the last few times we had them run this scenario we had them run a scenario for buying back cypress. Turns out we could make more money doing that than a lot of other things we were looking at. We thought, why not put our money number one . And the board voted unanimously and we are going to go do that. You are borrowing money to do that, maybe doing derivative things. These are things you do when you think the company is vastly mispriced. It is. The stock shot up to 16. I think it was euphoria. Irrational sboexuberance becausf the merger. I have no idea. If i look at the price to sales ratios we are below the tenth percentile. We are grossly under valued. I know the stock will go back up because of the fundamentals i am aware of are fine. Right now we are a good thing to buy, invest in. We are putting our money where our mouth is. Since 2008 you have returned more than 4. 2 billionle to shareholders. What are people not seeing about the capital you generate as shareholders . I dont know. You know, part of it is i come from a football state, wisconsin. I played football myself. Im of the school instead of mouthing off in the middle of the game i point at the score board and talk about what we are doing. I guess in this world of instant p. R. And social media we are not getting the story out well enough. I will work on making it better so people understand better what we are doing. I think the people you dont use the lingo. You seem to resist saying you are at the heart of the internet of things. Is that too nouveau for you talking about industrial and automotive applications . No. Whats interesting is not only something we work on, something i work on personally. I had a project where i gave a few million to u. C. Davis, a premier wine school in the world. I used Cypress Technology to connect 150 fermenters that i made for them and donated to them. 150 fermenters to the internet. One of the things, 152 things i hooked township the internet is experimental fermenter. Im personally involved in the understanding this. We are in the middle of that and we have some of the best chips in the world to do it. Like i said, i dont want to brag but i dont think we are telling our story well enough. One of the stories thats terrific is the combination of the synergies and the fact that you are giving bounty. If a salesperson sells cypress back and forthou reward that person. How is that going . We have a contest and there is a bounty for the winner of the contest where if a salesperson sells a cypress chip they get recorded and we track them. Some guys have sold a bunch of stuff we have in that part of the funnel. We separate that out so we can look at cross selling. We have 450 million in there in two quarters. Were smoke ing. Last question. You talk about macro weakness and china weakness. We are seeing some sign that is there might be a pulse in china over the last six weeks. Is that positive given the fact that you have daily numbers from china . We are not seeing china dominant. When we went down five points quarter on quarter and of course the minute i see revenue going down im paranoid, asking the questions. We have an exceptional database, a great ability to analyze data. I analyzed by area, by product, product line, by geography, individual salesperson. Looking for where the problem was. I came up with a lot of small red numbers everywhere. A few Percentage Points and the market is just slowing down. Not dramatically. Nobody will lose money or anything. Im seeing a slower market across the board everywhere, not just china. I know you have applications, flexibility with a founder you can put in some of the old stuff into a newfoundry expansion. I think it will come together. I havent heard you this bullish ever. Thank you very much for coming on mad money. Thank you. Theyre borrowing money to buy back stock. T. J. Rogers of cypress semi, cy. When you have that buyback the stock will move after you buy it, believe me. Mad money is back after the break. Lightning round is sponsored by td ameritrade. It is time. It is time for the lightning round. When i play this sound, the lightning round is over. Are you ready . Time for the lightning round on cramers mad money. Susan in colorado. Susan. Caller hi, jim. Love your show, read your books. Im calling about mckessin, buy, sell or hold. They are in a rolling bear market. Wait a few days. The stock is going lower, not higher. They want the industrials and tech now. Melissa in missouri. Caller hi, jim. Thanks for taking my call. Long time viewer. Big Kansas City Royals booyah. My stock is waste management. Not one but two upgrades in the last two days. We believele in it. The stock is cheap. Goes to 60. Ralph in virginia. Go ahead. Caller yes. Hey, jim. Bbbbooyah. Nice stuttering booyah. Whats going on . Caller i picked up some dddupont at 48. Im at 21 , thinking of adding to my position. Nelson peltz is there pushing for change. The stock was hammered after he didnt get on the board. I like dupont but at 59 it is not as good as dow. Darwin in texas. Caller booyah, jim, from texas. Oil looks like its found a deevent bottom. Would you touch energy . Too early. We have to stick with it. Exxon had a major break out today. Stick with the major oils. Right now the action is in the big Cap Companies chevron, exxon, that kind of thing. Eric in delaware. Caller hi, jim. Eric from delaware. My stock and thanks for taking my call. Of course. Caller my stock is century link. You will be reaching for a yield. Gives you 7 . I will bless it from 27, 28 to 31 and sell. Do you know whats a better buy . Att with a spectacular upside surprise and a good yield. Congratulations. Barry in illinois. Barry. Go ahead. Go ahead, barry. Dave in connecticut, dave. Caller yo, mr. Cramer. How you doing . I like this google and amazon action. Caller im calling about nao. Is it a buy sell or hold after yesterday . I have to tell you, i havent looked at the acquisition. I have to come back on it. Bella in california. Bella. Caller jim bella . Rebecca . Caller hello there. Hi. Caller listen im a new investor, cramer. Let me first say you are the best teacher ever. Thank you. Thank you. Caller heres my question. I bought novacure. I wonder if i should buy more or cut my baby teeth. We thought it was an under valued situation. It almost doubled and has come back. I need you to wait. I need to see the biotechs and high medical valuation stocks finish selling before i will pound the table again. Thats the conclusion of the lightning round. Announcer the lightning round sponsored by td ameritrade. What are you working on . Let me show you. Okay. Our thinkorswim Trading Platform aggregates all the options data you need in one place that lets you visualize that information for any options series. Okay, cool. Hang on a second. You can even see the anticipated range of a stock expecting earnings. Impressive. Whats up, tim . For all the confidence you need. Td ameritrade. You got this. under loud music this is the place. Their beard salve is made from sustainable tea tree oil and kale. You, my friend, recognize when a trend has reached critical mass. Yes, when others focus on one thing, you see whats coming next. You see opportunity. Thats what a type e does. And so it begins. With e trades investing insights center, you can spot trends before they become trendy. E trade. Opportunity is everywhere. All right. Heres a good question. What do we do with the utility stocks in this environment . Heres a group that got banged around over the summer when we expected the fed to raise Interest Rates something making high yield seem less attractive versus the bond market competition. Since then the utilities have come back. I have to wonder if utilities can sustain the move. Take American Electric power. They own the largest Power Transmission network in the country. One with a huge Power Generation portfolio. Serves 11 states, 5 million customers. The stock has been on a roller coaster for a few months and turned back to where it was trading before the big selloff in august and september. Its got a 3. 6 yield. Aep reported that though they beat wall streets top and bottom line, even though management boosted the guidance, markets seemed to ignore good news. Investors find it hard to get excited about a slow and steady utility when hearing about the Global Economy that could get better and makes the cyclical stocks seem more attractive. Given the nature of the missourmissouri moves i would not be surprised if they circle back in the not too distant future. When they do they will go to aep. The chairman and ce o of American Electric power here with the companys prospects. Welcome back to mad money. Good to be with you. Im seeing good growth in all your states including, by the way, texas where youre got shale regions that i would have expected would be cutting back. Whats going on . Yeah. We are seeing electric load pick up because of shale gas activity. Those counties are growing at 10 because the electric load continues to grow with not only drilling activity thats slowed down but still trying to get more Recovery Associated with it. Also compressor load being able to optimize the field. So its working out great for us. One thing i talked about when speaking with management for dow chemical today is they are talking about Something Like 400 new plants that would be in the region. Are you thinking these are going to happen . I think clearly we have to have an Energy Renaissance that if there is exports and those things that drive that kind of economy, well continue to see petroleum and other activities pick up as well from a chemical manufacturing standpoint. Those are doing well. We are still seeing siding of new facilities. So really if we wind up continue with a low cost and be able to export, for example, well see an Energy Renaissance and a manufacturing renaissance to boot. Whats driving the strength in ohio which looks good . Yeah. Ohio is really the juncture where the economy continues to grow, particularly in our territory. Central ohio, columbus, job creation has been positive. As a matter of fact, our grant which is a columbus area and the adjacent states have grown actually more than the western properties in the South Central part of the u. S. So for the first time in a long time. Thats really driven by the jobs and the new economy with not only chemical manufacturing but also more leisure, auto manufacturing, those types of expansions continue to occur. You are where people arent worried about job growth. Its happening. You took out nearly 6,600 mega watts of coal firing capacity between last year and this year because of environmental regulations. Were those plants ready to retire or just because washington says they must be . It was actually because we had to retire them. When you look at the analysis of whether you build, invest another billion in a scrubber for example which takes out sulfur dioxides. We had to make the measurement of, okay, what Natural Gas Prices look like and if you are required to take units off line you cant make the investments so you retire that generation. Its an opportunity for us because we can also continue to build other facilities and obviously drive that kind of investment. So if its done properly, rationally and you make the transition that makes sense, then you are able to reinvest and focus on new resources of the future. Last time i was listening to a Conference Call of kindermorgan, rich kinder, the stock took a hit today. They were saying Companies Like you need more natural gas pipe to get to where you are going to be building natural gas plants. Is the infrastructure there or does it have to be built out . I think the infrastructure needs to get built out. As we make a transition from coal fired facilities being retired the fuel of choice will be natural gas and renewables in place like wind, solar and those things. Natural gas, if you drive that and depend upon it, particularly in the summer, the heat of the summer or the cold of the winter youre got to make sure the resources are there and natural gas infrastructure, particularly Pipeline Infrastructure needs to be present. Now the move against fossil fuels is happening with electric speed. We have a new Prime Minister in canada. Definitely against fossil fuels. Hillary clinton so against fossil fuels, not even getting republican pushback. Can you explain to people you cannot use solar and wind as a baseline fuel in this country . They are intermittent supplies. When the sun is out you get power and energy, when its dark you dont. When the wind is blowing you get energy. When its not blowing you dont. Thats what you have to to have a 247 fossil fuel base Load Capacity to back it up. The customer decides when to turn on the light switch, run a washer, dryer and so forth. Youve got to make sure you are able to satisfy the demand and also be able to satisfy those area where is you need motor load like air conditioning and that kind of thing. Solar and wind wont supply that. You keep telling people that. You may love wind and solar like i do, but we need base load fuels in order to be sure the lights go on. Nick akins of American Electric power, great quarter. Good to see you. Thank you. I have been sticking by ae p and dominion, the two utilities i like because of consistency ti si, dividend, balance sheet. Aep is good but the market likes exciting things. I like to get consistent yield. Stay with cramer. Big news is after the bell with the shocking profit from amazon and a large quarter from alphabet which used to be google. They can send the market up again tomorrow. There is always a bull market somewhere. I promise to find it for you at mad money. Im jim cramer and i will see you tomorrow wait, go up [screams] hi, im jay leno. All hi, jay hi, everybody. How you doing . And this is a show about cars. Its fun to drive cars that are really different. I never knew the beach could be so much fun and motorcycles. [revs engine] all whoo and well, anything that rolls. Like driving a twostory building. [brakes screech] oh, my god strong as an ox explodes. I love the smell of napalm in the morning. Yeah or makes noise. You ever run a drag strip . No, i havent. [engines roar] this is jay lenos garage. Start your engine. [engine purrs] [tires squeal] [police siren wails] get out of the car, sir