Climbing 79 points,some p sinking 4. 6 , nasdaq dipping 4. 7 . I think disconcerting for a number of reasons, we are going to go over them. I hear that amazon might be growing sales in a doubledigit clip yearoveryear, including this one, i think about how big amazon is, i regard that as a discouraging trend for everybody else because theres simply no way that one retailer could see such an enormous uptick without it being zero sum, amazons game is somebody elses pain. House of pain. Second, i see amazon doing well, i recognize that amazon could be say even worse than walmart in its demands on those who use its web services, let alone the cutrate prices it offers. This company has spent billions building out its own online infrastructure in order to make e a a y like this one, cyber monday, seem like childs play meanwhile, target, which advertised so heavily this weekend for virtually every Football Game i watched saw its website crash, crash yet. Third amazon strength is the malls weakness, i was heartened by very heartened by an interview that macys ceo gave at the end of last week, a lot of people werent paying attention. Listen to me, he said business has picked up. You can tell that somethings good here but then you look at the stock, no mood to listen. Macys went down into it after the disappppnting earnings, the e brbrd line mallbased retailer seemed to have been written off for the duration. Fourth, the mall site effect is just crushed by amazon. One of the reasons for the enclosed mall the synergy, walk through a nordstrom to get to a j crew, pass a neiman to get to a coach. It worked. Did your shopping at a mall by going past a bunch of stores and shopping in one after another. That cant happen if everyone is now shopping at home. Speaking of home, many oour guilty pleasures these days involve staying home. Grand theft auto the single biggest entertainment release of all time, not a movie, video game. Of the retail economy and netflix causededo you binge on a weekend you should be shopping, with a hot new series, Jessica Jones this past weekend on my brand new ipad pro, which i love, you just dont have enough free time to dwell at the mall. It doesnt even seem to matter that gasoline has fallen to levels one thought unimaginable, literally 50 less at a gas station thth weekend than i had d the year before. You sisily cant dislodge the cell phone shopper watching narcos on netflix. Six, if youre constantly spending time on google or checking facebook, then youre just too tempted to buy everything online. We used to send wish lists to each other in my family, these days, send my amazon gift list, i want the n n hit, the man in the high castle, hodays watch with me over christmas break. Simple. Amazon checks as price check for virtually everything. One point, thought that best buy could be this show room for amazon. These days though, with the easy return policy and the consumer being more savvy about their own desire to be frugal, dont pay the salesperson commission with amazon, their prices just cant be beat. Other retailers have to take in more and more inventory to please the mall sight seers they hope come by and if the weather is bad or any of the key holidays leading up key days leading up to the holidays, they get crushed along with their suppliers. No secret the stocks, under armour, vf corps going down, seen as purveyors of lots of Winter Weather clothing. You need that psychological spark of cold weather to get the sales ing. I made enough seams calls with my late father to small retailers in the Holiday Season around philadelphia to know that warm weather meant unpaid bills for my dads boxes and bags and boss built of bankruptcy giviv that retailers operate on such thin margins. All of these worries, you have to ask yourself, who cant beat amazon before you pull the trigger on any retailer. Its just too unsafe if you dont. [ gunshot ] what Companies Offer Value Proposition that makes i iso on days like today whenever do some stock picking. Before i give you some names, understand aside from the oils and slight semiconductor stocks, almost everythinfared poorly today. To me, it felt like a genuine selfprogram of remotable sectors, maybe related to the end of the month, maybe not. Eithereray, respect the fact that youve already had a redt market for some time. We are overbought. Although i believe we could be in for a decent december, even the winners, like amazon, they gave up some. With that in mind, i think costco can do well in this environment. Know it from my trust, which you can follow along on the newsletter because it makes it real money from your membershihi card. People willing to pay much more for that card which we know because when the Company Raised the price not that long ago, almost no one bought. Costco offers incredibly compelling price and genuine bargains in a kind of fortunehunting scenario, its fun. Exciting place t tshop. Remember when i said you would go to the mall for one thing, come back with many . When we went to costco recently, and utensils for thanksgiving dinner we threw, we ended up departing with two carts of icantbelievehowinexpensive thisis material, everything from razor blades to cool winter jackets to kirirand socks, end ties and even a stud finder. Second, i like ulta salon, a boost from 180 to 215. Why not . Amazon, even with all the drone ideas shrewdly produced in the land the news today on cyber monday for max advertising effect, they never gonna do your hair. It is not going to have a beauty parlors in Distribution Centers which means ulta cant beat amazon. I think the numbers are still too low here and the stock is a terrific bargain after finishing down today. Three is tjx. A company thats huge beneficiary of the excxcs inventory of majaj department stores. Tjx comes in with cash and buys the inventory must be cleared by the dinosaurs and sells those goods at terrific prices to you. Homegoods, the only broad inexpensive housewares chain in a business with a price point. Frankly days, i prefer to William Sonoma detroit and barrel has a look. Four is home depot. People arent spending on their homes, they are investing in them and you invest in your house at home depot. The goods are literally flying off the shelves a Holiday Season. Lowes second best. Finally, i like dollar tree. Many people have been worried that dollar tree swallowed an operation with too much toxin when it acquired family dollar, the perennial underperformer. Got the report last week, found out otherwise, an incredibly strong quarter, people seem to have forgotten already. That is wrong. Here is the bottom line, certainly going on other winners this Holiday Season, argue some, lili macys, have gotten so cheap you just have to stash them for a better time. But heres the thing, i like a market with wide breadth and retail is a very big, highly visible category in the stock market. That if its an amazon christmas, then the retail inch is stealing it t om others with no sweet dr. Seuss ending coming your way to bring a smile to your face or your portfolio. Go to jason in new jersey. Jason caller jim, how are you . Hope you had a happy thanksgiving. My question on timberlake park, just increasededheir dividend, near 52week high where do you see the stock going . Okay, i t ink kimberlyclark is a classic buy homework stock. I almost said buy and hold, everything has to have homework done on t kimberlyclark is a stock i have been recommending since my first week at goldman sachs, now more than 30 years ago, i continue to r rommend it i think manager is terrific. I say buy, buy, buy. Evan in new jersey, evan . Caller hello, mr. Cramer. My question to you involves a merger of anheuser, imbev, symbol bud, with sabmiller, altria is getting a 10 stake in bud, 2. 5 billion in cash and two seats on the board of directors. Alltime highs, mr. Cramer, while altria seems to be flat lining. The stock did ran up anticipation of expected deal, david faber and i talked about that deal endlessly and it got to a little bit below the 4 yield. Thats not good enough. That said, i dont recommend tobacco stocks on the show because i i do not care for tobacco, but if you wanted to buy that stock and take that dividend, set up an antitobacco clinic, fine with me. It is a very well run company. If it could get amazon, then its ready for pain, but dont get me wrong, theres still some winners out there and im here to help you find them. On mad money tonight, looking for. Ing that sparkles this season . Stuffers have been a mixed bag. Im revisiting my take on tiffany and some of the countrys largest jewelry brands. Wait till you hear whe i stand now. Plus, can abercrombie compete this holiday with a fully dressed executive suite . The man behind the 160 billion deal to form the worlds l lgest stay with cramer. Last week, we got some puzzlili action in the jewelel space as signet, the Parent Company of kay jewelers, jared and zales reported the first weakerthanexpected quarter in ages and the stock got obliterated, falling from 140 down to 134 last tuesday. That was a 4 decline. Down today to 131. At the same time, tiffany, the Major International jewelry powerhouse thats been a total dog all year delivered what he i would regard kindly as a mixed earnings report. And tiffany stock managed to rally on the news, vaulting 4 high the same day signet started tting slammed a month ago, i did come out here and i did recommend signet, a terrific relatively unknown jewelry play seemed ready to roar thanks to the resent acquisition of zales, an acquisition seemed prime to start paying off in the Third Quarter but of course, be great for the christmas hohoday. I i ld you that signet, the king of midtier jewelry a a Engagement Rings the best way to play the space and thought the super sharolderfriendly company with a relatively cheap stock still had a lot of room to run. Fast forward to today and clearly, i got that signet call wrong. Wrong given that the stock has recommended late october down to 131 as of today. So, mea culpa. You get things wrong sometimes. I got that one wrong. But you got to understand why. Its really important why i got it wrong. First, was i totally mistaken about the story or did i simply get the timing wrong . Has the narrative changed in the jewelry space with the market anointing tiffany the new leader and signet the new loser or the expectations really get out of hand for signet while at tiffany the bar was finally lowered enough that this troubled company could miss the numbers and still see its stock go higher . In short, we need to figure out whether the fundamental story at signet remains intact, which would mean that this recent pullback is a fabulous buying opportunity or something has changed that makes the stock a lot less attractive and we should cut and run. Take your loss. Either way, i made a mistake recommending the stock at 147 last month, but down here at 131, i have got to tell you, i think signet has the potential depending on what really happened this quarter, depending on what really happened. Lets go over it. Going into the latest quarter, signet on fire as the company gained market share here in the u. S. , expanded internationally, used the greater a a a i will to put through marginboosting supply chain improvements, because of the scale, getting all the companies together. After reporting a series, not one or two a series of betterthanexpected quarters, i think investors started to believe signet would always win. A view i mistakenly share. When the company disappointed last week, the stock sold off hard, not unlike what happened over the summer with helen of troy, the Consumer Packaged Goods Company that saw its stock get annihilated when it missed numbers in july after developing a fantastic track record of trumping the estimates. Of course, you have to buy helen of troy that week and i came out here and told you to do that. I think signet is in a similar position. What went wrong at signet . The Company Reported a miss s f the 39 cent basis, revenues a bit light, increasing 4. 9 yearoveyear. To make matters worse, while the were strong and the numbers from zales were solid, jared posted a 2. 7 decline in samestore sales for the quarter, which was far from encouraging andndertainly weer than i was looking for. So, what caused the miss . In part, you have to remember that this that before this earnings report, signet had beaten wall streets estimates for seven straight quarters and now what happens, the analysts start to adjust their estimates to the upside. No company can beat forever. Sisiets case, wells fargo and jpmorgrg initiated coverage between the previous tremendous quarter and latest disappointed one and boosted the expectations even higher w he know Great Expectations can be a companys worst enemy. However this is not simply a case where signet simply mismanaged wall streets expectations, which they did in reality, there were genuine negatives in this quarter like the hideous mber from jared and related slowdown signets inhouse credit business tied to the fact that jared is their highest end brand with the most they have negatives, very real. Signet down 21 from 52week highs i think its worth remembering this Company Still has plenty of positivevegoing for it as well. Signet may have missed the numbers last week but the Company Finished up tremendous earnings growth, up 57 in the latest socalled disappointing quarter. Meanwhile, the synergies from last years acquisition of zales are beginning to throw with more upside expected next quarter. Perhaps most important when it comes to jared, their important business that lagged in the latest quarter, signet has some pretty darn good excuse. They say that the negative samestore sales at jared were result of distractions by new systems, processes and training that took place at jared stores, all of which meant the salespeople had less time to interact with customers. They wanted these upgrades in place for the fourth quarter, which typically accounts for half, half of the companys annual sales and they also indicated that jared was doing a heck of a lot better in november. Hey, isnt thawhat really matters that suggests to me the system upgrade story is a real explanation and not merely an positive. In short, last weeks miss seems like a onetype blip for signet since management Sales Guidance is strong, predict to 5 growth for the whole company, the Earnings Guidance is solid, signets forecast bracketing the wall streets estimate of 3. 54 per share. Put it all together and i think the signet story remains intact. Plus, after payiyi down the debt om the zales acquisition, the Company Still expected to roll out an epic buyback next year. Could be as much as 500 million, topped with 154 million left from signets purchase authorization. Lets not forget, stocks do get cheaper as they go lower, signet is trading just 19 times earnings. One of the great growth stories in retetl, puts it at a discscnt to t tfanys, selling for 20 times earnings and disappointing. And buy signet and tiffanys the same valuation, go with signet. Sure, tiffany stocks surge after the Company Reported last week with earnings coming in one penny better than expected after a series of many misses. Even sales were a lot lighter predicting, i think tiffany remains a a oubled company. It is simply that after a year of failure, its stock finally got to the point where it could rally on a not terrible not totally terrible quarter. While tiffanys substantial japanese and european businesses seemed to have definitely turned the corner, i like this foreign tourist spending, the companys overseas profits handled by the dollar and domesesc u. S. Business saw samestore sales decline by a whopping 6 yearoveryear, Foreign Tourists bought fewer pce at its flagship new york city store. Tiffany expect the Holiday Season to be bet they are year. Thats after the company disappointed last year and Company Still expecting the overall earnings to take a 5 to 10 hit in the full 2015 fiscal year, which is not what you call sign of health and they have overestimated how well they have done in the past. One not totally terrible quarter does not make for a turn around. And tiffany has had real trouble forecasting its business. Like how it was day care the last couple of quarters, which it got wrong. I think the story remains incredibly murky, especiallyly when you consider that Tiffany International exposure, we need to see an economic rebound before i recommend stock for a investment as i love to shop there and i think the merchandise remains supreme. Here is the bottom line, yes, i got it wrong when i recommended signet last month, but i still believe in the company and think the stock is a lot more attractive here at 131, especially since people dont buy their Engagement Rings on amazon. Despite signets disappoint the last week and surprising betterthanexpected numbers from tiffany but barely, im not ready to totally change my opinion on these jewelry names. I say stick with signet. I bet it pulls out just like play out just like just like the helen of troy this past summer, meaning you want to buy the stock in the weaess, the very same kind of weakness you got today. Still ahead on mad money, im staying in the mall, checking out abercrombie. This retailer has been without a ceo for r arly a year. Do you drown the stock as thth Holiday Shopping season heats up . I will let you know. Inside allergans pfizer to see if you should be buying the drug juggernaut. And why an nfl team tells you all you need to know about the current state of american manufacturing. Stay with cramer. Hey buddy, lets getethese dayquil liquid gels and go. But these liququ gels are new. Mucinex fast max. Its the same difference. These are multisymptom. Well so are these. This one is max strength and fights mucus. That one doesnt. Uh. Think fast you dropped something. Oh. Ill put it backkon the shelf. W from mucinex fast t x. The only cold and flu liquid gel thats maxstrength and fights mucus. Start the relief. Ditch the misery. Lets end this. Daves been working on his game, and starting each day with a delicious bowl of heart healthy kelloggs raisin bran. Hows your cereal . Sweet tastes like winning. How would you know whwh winning tastes like . Invest in your heart healtlt with kelloggs r rsin bran. No crying today. Americans. We try to live healthy. But many of us dont know help support our metabolism. Take new one a day healthy metabolism support multivitamin with chromium to help use carbs from food and bvitamins to helpconvert food to fuel. One a day. Ive smoked a lot and quit a lot, but ended up nowhere. Now i use this. The nicoderm cq patch, with unique extended release technology, helps prevent the urge to smoke all day. I want this time to be my last time. Thats why i choose nicoderm cq. Jill and kate use the same dishwhwher. Me detergent. But only jill l ds up withthet, spotty glasses. Kate adds finish jetdry with five power actions that dry dishes and prevent spots and film, so all thats left is the shine. The person running a Company Matters a bad ceo can do brand. Sosotimes having no ceo at all is better than having a truly terrible chief executive. Consider the completely absurd case of Abercrombie Fitch. Heres a teen power retail reported a spectacular quarter, 25 higher in a single session. The e st impressive thing g out these results, abercrombie did it all, did all of this without a ceo. In fact, its been nearly a year since former ceo Mike Jefferies retired, yet abercrombie doing better than any time in ages, begs a question is Abercrombie Fitch better off because jeffries is gone . A case of adadtion by ceo subtraction . For those of you who dont remember, Mike Jeffries was the longtime ceo who pretty much created the modern abercrombie look back in the 1990s. After initially rebounding from the great recession, abercrombies stock went into a multiyear tailspin in 2011 in part because jeffries made gave the impression he was getting old, losing his touch, which is why i put him on the mad money wall of shame back in november 2013. The wall of shame is our rogues gallery a list of the worst ceos in the business, people who have so mismanaged their companies that they can n eate enormous value simply by announcing their resignation. sure enough, the day jefferies announced retirement from anf a year ago, the stock shot up 8 . Made sense. The guy had made a number of highprofile comments that were incredibly offensive and borderline creepy, frankly, the point it seemed like jefferies words were poisoning the brand by itself. Oneman wrecking crew. Even his crazy rambling does have been tolerated if jefferies was producing good numbers much the problem is despite tremendous success in the 90s, last few years as ceo, couldnt deliver strong results. The company was forced to slash while the samestore sales seemed nobody free fall. The last ten quarters when jefferies was in charge abercrombie samestore sales didnt increase a single time. It was ten straight quarters of declines. Now when jefferies did shareholders a real solid and announces retirement, wasnt coming down from the wall of shame, Arthur Martinez named executive chair and a team called the office of the chairman, including ceo, the president and hollister brand president was placed in charge of the companys strategic didiction and daytodayay operation the new ceos have found. Been near a year, abercrombie doesnt have a ceo and no sense of when they will hire one. The company is effectively being run by committee. You think that abercrombie would be directionless, with no one at the helm. The fifit quarter was hard. With abercrombie samestore forecast for the 2015 year, something that caused the stock to fall 15 single session back in march. But in retrospect, it looks like that was the last bad quarter, ats when you want t tbuy. Last bad quarter you cou blame it on jefferies. The ceo of the company has done a tremendous job of a turn around. The committee running abercrombie announced it was putting an end to a number of outofdate policies that had held the company back under jefferies, including the socalled look policicthat dictated what type of people the stores could hire and how they could dress. The new team turned up the lights in the stores, dialed back the level of abrasive cologne, even though some like it and stopped putting shirtless men outside of many of the companys locations. The company also told thanks it would put an end to sexualized marketing by the end of this past july. Again, marking a big change from the days when jefferies was in charge. Looks like youre no longer needing to be an adonis or a there. Now, when abercrombie went on to report the first full quarter without jefferies, headlines ugly, rst cross margins sisie 2010 and earnings front, lost 1 cent per share. That was the First Quarter though. However, abercrombies new management pointed out the samestore sales improved sequential lit next threequarters, why the stock ended up rallying 13. 5 in a single seseson on that terrible news. Then wonder of wonders, abercrombie reported next quarter, late august, the margin was increasing. Earnings slide, nope, turn a profit. Most important, the decline the companys samestore sales decelerated. Best number reported in a year, thats why the stock then rallied 9. 5 on the news. The blowout came a week and a spectacular Third Quarter results sent the stock roaring from 19 to 24 in one day. Abercrombies revenues still declining, not that terrible, companys gross margin expanded up 150 basis points yearoveryear, samestore sales fell 1 yearoveryear. Companys hollister brand delivered a positive comp number. Best of all, abercrcmbie earned an astounding 48 c cts a share, analysts only looking for 22 cents. Unlike other turn around stories, cant pin this turn around on a terrific ceo. Abercrombie doesnt have bun, maybe the secret of the success, Mike Jeffries is gone and simply by reversing his valuedestroying policies, the committee running abererombie managed to t tn that ailing teen retailer around. D. There is more autonomy for managers at the individual store level, i love that and better ecommerce results, we all need that, an area neglected under jefferies. You cant ignore ecommerce anymore. Storor shows just how powerful management can be. So, where do you go from here . Despite the positive changes Abercrombie Fitch, not ready to pound the table. Even though still down 10 for the year, kind of, you know, not up that much yet, right . You gotten a opportunity here, in part because the compmpy has grabbed all the lowhanging fruit and in p pt because they still dont have that darn ceo, feel a little better know hog is coming in. After the most recent trip of the quarter the expectations have been raised making harder to beat the numbers down the road. But nevertheless, i think remarkable what abercrombie accomplished the last year without the ceo. The bottom line is sometimes the chief executive will become so terrible that litetelly anything would be an improvement, including having no ceo at all, loo i can we have seen at Abercrombie Fitch. I give the triumvirate currently running the company plenty of credit but i think the turn is less about what they are doing and more about escaping from the consequences of former ceo Mike Jefferies misisnagement, like backs by committee in fantasy football as we saw in the big win by the broncos over the patriots, the same thing can work in retail, too ann marie in new york. Ann. Caller hi, jim, im thinking about fit bit as a trade hoping the price comes down after the shares get in lock december 15th, but how do i know when to pull the triggfr . Well, look, i have been i have been saying and tell you heat on twitter, is that anything new . Other than when i posted the carrots from this weekend and my leeks were ready, i was criticized for everything, including playing jarvis landry. You can own fit bit into the holiday. Lets go to ward in nevada. Ward. Caller booyah, jim, usc trojans this past weekend. Well, i tell you might be getting a new coach there. Go ahead. Caller yeah. Yeah. We have now. Bought go pro a little bit higher than it is now, took the ride up and down. My friends and i still like the product and we still own and use it. Im just wondering with the drop in price, should i b b more . I think it will bounce because next week, the stocks still worth 2 billion, i havent liked the stock. Some people there was a trade period and turned against them for a while. Amber rel la reports on the third. Amber rel la linked with go pro, a decent number, what t ght just happen maybe that carries up go pro and you can sell it i think you have to. Sure we are seeing turn in abercrombie but you know what this is about escaping from the clutches of the former ceo, not what the companys actually doing. Much more mad money ahead, the Company Behind the Biggest Health care takeover in the universe. Whats next for r lergan . Im sitting down w wh the ceo to find out. World leaders making gamechanging decisions overseas today and some stocks getting crush wood i their policies. Are they in your portfolio . A postthanksgiving special so stick with cramer. Last week we learned the muchdiscussed allergan pfizer merger is happening. Even though i think this is a of new drugs along with a lower irish Corporate Tax rate, the market initially seemed pretty sceptical. Allergan stock selling off as investors wonder whats in this for them, since then it rebounded but questions how this transaction will reward the companys shareholders given that allergan has so much going for it on its own. Stock got hammered down 6 bucks. We got to remember thank allergan ceo, Brent Saunders, a tremendous job creating value and wouldnt have agreed to do this deal if he didnt think it was a good one. Lets go straight to the source and check in with Brent Saunders, the Bank President and ceo of allergan to get a look k what the his companyny future oks like after being bought by pfizer or merging with pfizer, depending how you eeel. Welcome back to mad money. Thanks for having me. Have a seat. I have to tell you, tremendous respect for what you put together, mostly because you made a fortune for people. My first reaction was like i want brent and i want pfpfer, brent gets me to 400, he has allergan, particularly when the Balance Sheet gets better from the money or prop 7 acquisition of your own. Why do i like this deal more than Brent Allergan . I think a great opportunity for our shareholders. The way i like to think about it, it is taking our growth far ma engine and putting it on a larger chassis called pfizer. Look, we could have gotten into 400 on our own but this takes us well beyond that for the foreseeable future. And so the deep pipeline of pfizer, the combination of the global footprint and the strength in areas like immuno and vaccines makes this a powerhouse in biopharmaceuticals. Your franchise, aesthetic, dermatological, gi, womens health, unassailable franchises. Why would i get excited about pfizers vaccine business or cancer business i see such great growth and, by the way, i see the incrededle, you know, the proposals that you do about the way you grow pharmaceuticals, so different from traditional yeah, but look, ian reed the last four years has done a remarkable job of transforming pfizer. He has done things like the zoetis s snoff, capsugel, he h h reallylyevamped their entire r d approach and very productive looking at immuno and oncology vaccines, Rare Diseases, you think about it from an allergan shareholder perspective, you get these great franchises, eye care, aesthetics, gi, now you merge them with franchises in cns and immunooncology, one of the hottest areain pharmaceuticals, Rare Diseases and vaccines. Now you have all the top growth market, not just a few of them but all of them h does he embrace open sciences, you have made us feel is such a differencemaker for allergan. He does. And what makes our open sciencnc model even more formidable in this combination is you get really strong discovery capabilities with a mindset of open science. In fact, pfizer announced today with help parts at the for already. Lets look at what you get if you own shares. You get pretty b b chunk, 44 of the company, even though the earnings before interest, taxes, depreciation and amortization is not nearly as big as pfizer, in that way, you did pretty good for shareholders. Think a great deal for our shareholders, get some rough numbers, 44 ownership in the proforma company. You contribute roughly about 25 of the revenue. And roughly around 30 of the eaings before interest and tax and amortization. Okay. Well we have the possibility, you look at what they did with zoetis, pfizer history of value within value, another acquisition on its own, could there be multiple companies buried within where lots of value could be brought out . Absolutely. I think thats one of the future options for more value creation. You have an innovative business combined with allergan that now is, i think, the most exciting dynamic biopharm suit cal company in the world, for all you have an established Products Division that really is like a Consumer Company around the world, branding generics, in 2018, we will make a decision around splitting those and if we do, what another opportunity to create value for shareholders. Cash flow . Can a shall flow, very strong, talking about 25 billion roughly in 2018. Possibility i know the board decides that pfizers dividend could always be boosted, tremendous some of that tremendous cap space. Absolutely, they have been very committed to the dividend. If you look at the track record under ian reed they consistently have increased that dividend yearoveryear, i expect the dividend policy to mainly stay intact. Obviously, a question for the board of directors but should stay intact. One point, i was hoping when you got that 40 billion in you could take a look at a giant biotech underperformed and maybe buy that, that has to be off the table. With he did look at that. You did . We looked the what else could we do, action ability aside, whether we could have done it or not, somebody would have agreed. Innovative business, combining allergan with the innovative business of pharma is the best marriage for allergan shareholders versus doing some other deal. This becomes a powerhouse of innovation in the biopharmaceuticals. Some people told me the reason why brent had to do that is because in a political environmnmt, charged environment, he can no longer raise price and do the things that hwas doing with before allergan and that games over so he gave up. No, absolutely not. Nothing wrong with our business. Nothing wrong with the business model. And nothing wrong with the environment. We were always responsible price takers. You and i talked about the social contracac many times. With he believe we had. You can and did are the right to raise botox that is not part of the about zeal medicine. Botox in a totally cosmetic way, every right to raise prices, i know you have and taking share, i believe, of valiant because problems at valiant. We haha been responsible price takers, botox they are put cali is the best deal in medicine, aesthetically, priced cautious about raising price there because consumers pay out of pocket. Now, last thing, is Brent Saunders gonna stay . Absolutely. And not only am i staying, but all the reports around the kind of money that i may make and whatnot, im rling all my stock into pfizer stock, not cashing out one share or one option. Im allin cause im a believer. There you go. Thats Brent Saunders, president and ceo of allergan. Charitable trust owns it. We are holding it. Count me a believer, too. Mad moneys back after the break. Your clever momos wont stop the cold and flu. But t sinfecting with lysol can. Because lysol wipes and spray are approved to kill more types of germs than clorox. Including those that can make you sick. For a healthy home this cold and flu season. Red 9797set red 97 did you say 97 . Yes. You know, that reminds me of geicos 97 Customer Satisfaction rating. 97 . Helped by geicos fast and friendly claims service. Huh. Ohoheah, baby. Geicos as fast and friendly as it gets. Woo round starting w wh randy in kentucky. Randy . Caller how you doing, buddy, a question about my air stock, ars, own it had 13 years. You know, its made its done a lot of good stuff in the cable industry. Now i, myself, have found that this is a company with inconsistent quarter bus it is in the swewe spot. I would not trade it right now. I would own t lets go to brad in massachusetts. Brad . Caller jim, booyah from boston. Booyah. Caller what is your outlook on eaton supported by the eel, last couple of quarters n nthe that good, 3. 7 yield. Every down goes to 4 . Im a buyer go to curtis in north carolina. Curtis. Caller hello, jim, happy holidays to you and the mad money team, sir. Thank you. Caller give us your thoughts give us your thoughts please on kroger. Companies wantnto be. It is the top supermarket with the best margins and best customers and i think its terrific and i want to own kroger. Theresa in virginia. Theresa. Theresa . Caller buy, sell or hold. Which one . Caller vertex. Vertex, Cystic Fibrosis formulatatn, i think its amazing, i think vertex is a buy. Lets go to mark in vermont. Mark. Caller hey, jim, how you doing, buddy . All right, how but, chief . Caller good, man, just started confessions of a street addict. Flipped some pages the other day. Caller t tl you quick, jim that watching your show, reading your book and seeing how you use your knowledge, your passion, your resources to truly help people, its really inspired me and you really played a big role in igniting my passion. Thank you. Thats what im trying to do with the street,t,rying to do with ax alert withthsquawk on periscope, trying to do with twitter, trying to do with facebook. Whats happening . Caller youre doing it, man. Thank you. Caller what do you think the longterm, what do you think of fire eye . Im glad you said longterm, short term, im concerned, turned out to o more episodic than i like it, needed hack attack. And i when we had david on, i mean, the stock has come down a great deal, still worth 3. 6 billion but i do believe its worth more to someone else than to that company. Im not going to tell to you lose it now. Too low. Lets go to brandon in illinois. Brandon. Caller booyah frfr sunny illinois. Booyah. Caller um, i have micron. Intel, nxpi, skyworx better, prefer them. And texas instruments. And that, ladies and gentlemen, the conclusion, iti, too. The concncsion of the lightninin [ buzzer ] it seems that every year, we have to watch out for different types of germs. Which is why its important for your wipes to kill l Broad Spectrum of germs. Lysol wipes kill 99. 9 of germs, including 8 different types of cold and flu viruses. To help protect your family. Lysol that. I have asthma. One of many pieces in my life. So when my asthma symptoms kept coming back on my longterm control medicine, i talked to my doctor and found a missing piece in my asthma treatment. Oncedaily breo prevents asthma symptoms. Breo is for adults with asthma not well controlled on a longterm asthma control medicine, like an inhaled corticosteroid. Breo wont replace a rescue inhaler for sudden breathing problems. Breo opens up airways to help improve breathing for a full 24 hours. That increases the risk of death from asthma problems and may increase the risk of hospitalization in children and adolescents. Breo is not for people whose asthma is well controlled on a longterm asthma control medicine, like an inhaled corticosteroid. Once your asasma is well controlled, your doctor will decide if you can stop breo and prescribe a different asthma control medicine, like an inhaled corticosteroid. Do not take breo me than prescribed. See your doctor if your asthma does not improve or gets worse. Ask your doctor if 24hour breo could be a missing piece for you. See if youre eligible for i iant to understand todays economy, t tn consider this, the Pittsburgh Steelers are now worth almost twice as ch as the United States steel corporation. Thats right, at this moment, Forbes Magazine values team, big ben and 52 other steelers play for, the ones with the old u. S. Steel icon on their helmets, 1. 9 billion. The u. S. Steel team with 30,000 employees only worth 1. 2 billion, the stocks down 70 for the year. Look, this is a real contrast, silly. The United States produces some incredible entertainment do so, in part, by not diluting their value. There are a limimid number of major r orts teams and no company or country has been able to challenge the globa dominance of the nfl, for that matter, the nba, nhl, mlb, cant challenge. But the world produces a tremendous amount of steel and no matter how good you are at making this stuff, no matter how close you are, manufacture steel in the united ates, you are going to suffefrom the excess supply coming from our socalled trading partners. I say socalled because partners are supposed to be equal and theres nothing equal about this situation. [ booing ] u. S. Steel is not supported by the u. S. Government. But the chinese steel companies, they are run by the government, south korean steel compapaes, hand in glove with the government. Japanese producers, they benefit from the Japanese Central banks decision to keep the yen low versus the dollar, take our business. Companies, the real, brazil yas currency so cheap, big steel manufacturer has an incredible edge. All these competitors have Something Else in common, the worlds leaders meet to talk about climate change, much less restrictable on carbon emission. They exported a huge amount of pollution to the west coast work he accept that as our desire to support free trade. We worship at the altar of globalizization, this is the price both parties seem willing to pay. So, what is u. S. Steel, worked so hard to get its costs in line with the rest of the world have to do . This company has had no choice but to continue cutting prices and firing workers and closing inefficient plants in order to keep its customers. For all of its efforts, wall street expects u. S. Steel still to lose more than 2 per share this year. Sure, u. S. Steel midmade a big bet in the oil company, support the drilling boom, but you dont hear much about the plight of this company, do you really . Largrgt, let alone its any of its small competitors, too small, many to even talk about on the show. Its taken as a given because we have groan to accept the strong dollar is going to stay with us, wiping out american jobs and factories like u. S. Steel. The 53 men on the Pittsburgh Steelers roster may have more job security now than their steelmaking brethren although nfl ststds for not for long, some say. All commoditylike industries bear the same fate, especially aluminum and copper. When European Central banker mario draghi wants to reinvent his cups economy, he says the euro is too high versus the trading partners, meaning the dollar, needs to go lower. Chinas economomfalters but doesnt want mass unemployment, the peoples republic sells them at cost or terror support chinese business. When japan wants to be more competitive versus the u. S. , it buses the yen down versus the dollar. Last week, a terrible recorder from hp ink, the new pc and hewlettpackard much of the stks huge decline stemming from what should have been obvious, price cutting to stay competitive with japanese ompanies that sell club right rattly undervalued yen, kind of a commodity. My old friend dan damico, former ceo wrote to me in an email, letting our industries be destroyed in an economic trade war, things that could not be deststyed by military conflict over 200 years. Where is the outrage, he ponders . I think we know the answer. These industries, these laid off works, the price we pay for free trade and the u. S. Government spores free trade seemingly at any cost. Like a religion. These companies are being sacrificed, believe me, your port foal grow will be sacrificed, too, if you try to botttt fish in the toxic companieiecant possibly compete in this new, unfair environment that historically has been blessed by both our political parties. Stay with cramer. If youre taking multiple medications, does your mouth often feel dry . A dry mouth can be a side effect of many medications. Thats w w theres biotene, availablas an oral rinse, toothpaste, spray or gel. Biotene can provide soothing relief and it helps keep your mouth healthy too. Remember, while your medication is doing you good, a dry mouth isnt. Biotene, for people who suffer from a dry mouth. Daves been working on his game, and starting each day with a delicious bowl of heart healthy kelloggs raisin bran. Hows your cereal . Sweet tastes like winning. How would you know what winning tastes like . Invest in your heart health, with kelloggs raisin bran. No crying today. Janet . Cough if you can hear me. Dont even think about it. I took mucinex dm for my phlegmy cough. Yeah. But what about mike . It works on his cough too. Cough it works on his cough too. Mucinex dm relieves wet and dry coughs for 12 hours
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