Were dealing with right now. You think that this market would have been able to go higher with china being able to mount a pretty big bountiful job gains this month. But if you thoughts that, you would be wrong. First the Chinese Government propped up to the market last night with all sorts of buying, it wasnt real people. Terrific that it didnt go down. We all know the drill, the communist party is making it up as you go along. The massive rally in 2014, when the shanghai was at 2100. In may of last year when it climbed to 5200. Made no sense whatsoever, it was just people throwing money at it, and while the Chinese Market has managed to come down from 4300 to 3200 the currently level. The sheer number of people who instituted Circuit Breakers earlier this week while devaluing its currency, it got rid of the Circuit Breakers because it has no idea what its doing. I think the shanghai market would is have at least started the process of roundtriping back to where the bubble started. We should be facing another 30 drop. Which is exactly what we used to do when the government encouraged opening accounts and people opened five accounts and borrowed money to put in the accounts. Specifically, its a phony market. We have lost all confidence in the chinese economys ability to run either their stock exchanges or for that matter, their economy. And that loss of faith is translating into genuine fear of growth. There will be fed officials galore talking up the need for rate hikes later this year given the strong employment numbers. If they look for raw material inflation, the longer Oil Situation has kept them at bay. But any good news in the employment front is bad news for the consumer, who will have to get used to paying higher interest rates. Its no wonder that so people believe that autos are peaking, thats the sector that leads in rates. Dont forget about the housing stocks again, something that is again directly related to the coming rise in mortgage rates, it all makes sense when you hear about the feds hawkishness. These are governors, they come on tv, they love to talk. I wouldnt let any of them talk if i was that chairwoman yelling, the chinese stock market because its propped up by the government and the u. S. Inflation is one the feds feel should be slowed by higher rates. Are they against the working person making a little bit of money here . Who in their right mind wants to buy stocks on those two meeses of news. But one things thats been totally lost in the shuffle is earnings. Specifically the ones that we got from constellation, and from walgreens boots aleans. The market simply wasnt focused on how individual companies were doing, just companies. That could change when earnings season begins, but china and the fed, and the endlessly declining price approximate in oil, more on that later in the show, and control, all three are negatives that could trump anything im about to show you, first out of the gate, as always, its alcoa, the company is splitting itself up into two entities, a pure and a company that modernizes the making of aluminum for a variety of Industries Like aerospace, gas turbines. In order to create a new Commodity Company that represents a basket breed energy in the sector. A close win in indiana yesterday, but its the other site of the business, the hightech one that im interested in. This is only the real look at the Company Since the breakup proposal. And klein is going to have to trim expectations for limited use, because of a faltering china and weakness in the emeshlging markets. I think alcoa stock all the way down to 8 as gotten a little lower versus some of the parts here. And tuesday, we hear from csx. This is another company that can give us a read on everything from coal production, auto parts, agriculture, oil. The Railroad Stocks have been pacific, not a great stock. The rail business has been so dismal. One of my favorite names one monster beverage, the energies drink company, its also a favorite of the cocacola company, and also opened this business, distribution network. Its going to be pretty darn good. They had a nice story about european sales. Not to mention now sales of convenience stores, worth your speculating on, one of the last bastions of domestic stocks that has held up well. But dont tell that to the people who own supervalue, which is a month ago, i mean about a year ago, it was at 12, its at 6 now. Lets see what they have to say. But all a in all, if they say bad things, go by kroger or thursday we hear from jpmorgan and i got the tell you, the banks have been roaring going into the new year, investors kpt the fed to continue raising the rates which boosts how much money they can make on your money. But many feds say they cant keep raising the rates because the economy cant bear it. Jpmorgan has been so are these Bank Stocks Going to tank as they did this past week . I would say yeah, all right . They go lower. Why didnt they get into too much negativity. After the close, well get the skinny from intel. Ill point that out because for so long it was a negative. For all the Semiconductor Properties that sell into the market. I bet they tell a good story about the the ship make theyre will help intel diversify, hey, 3 kbreeld, wells fargo, citigroup, pnc or u. S. One. The charts are broken down, the sectors become hated as it was once loved when the fed was expected to be tightening. Like i told you, the market has turned on to the financials. Citigroup stock for example has broken down to levels not seen since early 2014. Morgan stanley, they didnt talk about it. But its stock has given up all its gains since 2014. These people are at standing declines, and i dont think theyre done. So to the bottom line is, with chinas strong employment like we got this morning, we are fighting both the fed and world events, if we just sit there and buy stocks without waiting for further weakness. I was hoping for a worse bottom today, we didnt get it. Until we see a real crescendo of capitulation, i say we have to be willing to take some pain now if you cant take the gain, and you got some profits, i dont mind you taking them at all. A shoultout to your colleagues, the brilliant market analyst lenore hawkins. Despite the fed raising rates, but with a rising Dividend Rate up to 3. 4 , should i defend lazar at 16 down . I do not like the financials. I have had to take that stance because were now in the position where the fed may not be able to raise rates and the economy may be softening, and thats not good for any bank, including an Investment Bank. How about nick in ohio . Nick . My question is for pep boys and manny mo. They sent a tender offer for my withdrew it. I want you just to sell pep boys. Its a at 18, it was at 9 before that. Heres what you do, sell, sell, sell. We ended one of the worst weeks in history with just a pathetic parody of what a market should look like, that last hour was awful, but remember, why is this . Were fighting world events and the fed. So wait for more weakness before you pull the trigger. Thats the profit . The market might have lost more than 1,000 point this is week, but the dow has always been closely followed. So when an index kicks a stock to the can curb, is it time to sell . This statement might be a surprise, if you think the biggest problem with china is its stock market, youre dead wrong. And theres one guy who called the decline the oil the whole way, youre not going to want to miss that. So stick with cramer. Dont miss a second of mad money. Follow jimcramer. Send jim an email to madmoney they performed much better as they performed much better as long as they were no longer part last year, exiled was att. Back in 2013, alcoa was tossed out. The year before that, the dow kicked out the old craft in order to make room for united health. In twooirn, citigroup was replaced basis coe, while General Motors right when the financial crisis started to go crazy in 2008, the dow jones average decided to cult aig loose, replaced by kraft. And honey well got booted so the dow could bring in chevron. You might think that a stock would get crushed after forcibly being kicked out of the Dow Jones Industrial average. Lets go through the ten to bes that dnlts even make the cut. The stray dogs of the dow. And see what has been released into the wild. Its pretty instructive. Certainly not what i thought of when we started going this piece. Att was up 3. 5 , in the year leading up to its rule. While its essentially flat in the ten months since being cut loose, when you consider that the dows come down more than 9 over the same period, atts flat performance starts to look pretty good. Alcoa fell nearly 11 the year before it got removed from the index, and its down 2 since being kicked out in 2013. Bank of america got kicked out statement and its suddenly up 6 . When you look at the value of the components, its up nearly 14 since being kicked to the curb. Near the end of 2012, kraft got expelled. After getting the boot. General motors aig are special situations since the former actually went bankrupt and the latter received the most bail in history. These two were terminated with cause. Finally the last two dow jones expatriots, honeywell who were tossed out in 2008, they have rallied 99 and 74 respectively. You got to buy them when they get the boot. With the exception of aig the last companies gotten thrown out of the Dow Jones Industrial average, have actually done quite well. The new additions to the dow have naturally outperformed the its the losers who were kicked out, that have tended to thats insane. You would expect the new additions to trounce the removals since the gate keepers in the dow are trying to bring the best to high Cap Companies they can find. On average, three years after being expelled, theyre outperforming those who replaced them. Maybe you should buy them. How could a removal from the most watched index in the world could be a blessing more than a curse . Once a stock gets kicked out of the Dow Jones Industrials, its no longer going to be a victim of dow futures, dow futures trader who is dont care about individual companies and just want to bet on the direction of the index. Once youre free of the dow, youre no longer going to be affected by waves of index sun selling which can overwhelm an individual stock. The index fund factor is huge, while i would never recommend a remember, you want the broader diversification that comes from there the we did a lot of wok on this, how important is the index fund factor . Roughly a year ago, indexed funds have managed more than 2. 1 trillion. Even if you just dont have enough money to go and buy a diversified portfolio of your own. When theres this much cash in indexed funds, that means the whole if a stock is on both the dow and the s p 500, its fate is very much in the hands of the futures traders. So being kicked out of the dow is kind of a liberating experience. Investors can focus on the actual fundamentals. Generally speaking if you wait a out of the dow, generally you would have made money if you buy that stock and hold on to it for the next 12 months. Despite what you might think, getting expelled from the Dow Jones Industrial average is no longer a market there are real benefits to no longer being part of the most visible index on earth. So the next time the dows gate keepers decide to adjust this index, watch who gets kicked out to see if you might have a terrific buying opportunity. More mad money ahead, im taking stocks and markets out of the equation. Were looking at the actual slowing impact of a chinese economy to the rest of the world. Where she stops nobody knows, ive got one of the only guys who called this whole decline youre not going to want to miss what he tells me next. And it was one of the only companies in the green this week, it helps turn ideas into life saving drugs, i got an exclusive with to the ceo. Why dont you stick with cramer. Y, you forgot the milk thats lactaid. Right. 100 real milk, just without the lactose. So you can drink all you want. With no discomfort . Exactly. Here, try some. Mmm, it is real milk. See . Delicious. Hoof bump oh. Right here girl, boom lactaid. 100 real milk. No discomfort politely wait, wait, wait you cant put it in like that. You have to rinse it first. Whats that, alfredo . No, that can go in. No it cant what are you, nuts . Thats bakedon alfredo. Bakedon . Its never gonna work. Dish issues . Trust your dishwasher with cascade platinum. It powers. Through. Your toughest stuckon food. Better than finish. to the hostess see, told you it would work. turns to girl 2 you heard me say that, right . Cascade. The tougher toughfood cleaner. Theres a more enjoyable way to get your fiber. Try phillips fiber good gummies plus energy support. Its a new fiber supplement that helps support regularity and includes b vitamins to help convert food to energy. Mmmmm, these are good nice work, phillips the tasty side of fiber, we get a gang that couldnt shoot straight or trade straight when it comes to putting money to work. They arent as clueless as our authorities were in 1929. Before we realized that portfolio insurers could drive an entire market out. That was the actual cause of the 87 crash. At the same time, to the Chinese Government is exhibiting fear and loathing in dealing with the bubble of their own creation. Similar to the Investment Bank bomb, which sucked in as many investors per capita as china has. This is when we realized that the communist party doesnt know what theyre doing, and theyre just making it up as they go along. The partys perceived this week. But thats only chinas stock market were talking about. Its the real economy in china thats taking its toll globally and has more of a chance of hurting us here. I watched the Baltic Trading index. It eshows endlessly declining demand. Its repeated rumbling that the government is doing some kind of stimulus. I should rent one of those ships and throw a Wedding Party or something on them. If the communist party is really stimulating, theyre doing a terrible job of it. And thats the real rub. In a world of marginal growth, now they seem to have turned seller, dumping everything from aluminum to steel on the world markets, the problem here is that unlike the u. S. , china has markets to sell goods, particularly natural resources. Without that chinese demand, we have too much of everything involved in the basic Building Blocks of consumer construction, namely the metals and Mining Equipment that drives consumption. You lose china, that means youve lost Global Growth and emerging growth. Thats the real impacts on the worlds economy and the ripple effects are indeed being felt in the u. S. , particularly u. S. Companies that export goods overseas. Is caterpillar really crushed by china . As my friend alex blanton points out to me. Cat pillar chinas lack of demand reverberates to its mineral and mining business throughout the world. Right now, not only are capital but basicallied on to the announcement last night from sirius logic, its good the analyst made it for cell phones has peaked too. That could be from china, or it could be from people who sell goods into china, but youre now being crushed by the lack of chinese demand. Forbes used reliance on can again be traced right back to the capital goods market in china. Im not saying we have lost china. I am saying that the real worries about china dont have as purchase to do with the stocks market as you might think, which is not particularly tied to the commodity markets. Its heavily weighted towards financials, not cappal tall goods or consumer the weakness of the stock market is less about the real economy and more about a reflection of the governments lack of transparency. So heres the bottom line, the growing, but its no longer responsible for the demand needed to gobble up the goods of other countries which have historically relied on chinas endalless growth for years, and that, not the ridiculous, immature and embarrassing handling of the stock market is the real problem, in a world yes theres just not enough growth, china is a massive problem, and its one that seems to be getting worse not better, as the months drag on. Lets speak to jeddah in illinois. Jeddah. I love you and i agree with larry can kudlow that you are the smartest man on wall street. Thank you. Im calling to ask for clarity on ge stock trades. I was thinking of buying more because of the recent 1 billion turbine sale to saudi arabia, their cash reserves and their liquidation of many of their capital reserve assets. However to buy anything. I dont really care for the market. Im constructively negative, as i tell my staff. Meaning that let the stocks come n we all feel the pain, were all resigned to it. If i thought i could get you in and out of ge 28 to 26, or 28. 5, but thats not what my viewers want, thats not what you want. I think you have to hold off until the stock goes lower. I think it probably stops at 23, 25. But i dont want you to put risk capital at work. Let stocks come this, its okay, its not a sin. Ed in michigan . I have got 1,000 shares the shares were issued at 9 and fiat is down to 8 today, i was hold or restock. I dont like the auto stocks, the ones that i do like, i do like fiat. I didnt when the ferrari deal, i didnt want anyone in that, i thought that was a really bad deal. All that said, i think it goes lower. Will it go from 7 to 5 . If it does, i would hold on to it. It might come back from there. Its down, its cut this half, less risk than if it hadnt been. Anyway, china is the stock marnlt, that isnt the real problem. To the real problem is their economy. Its not what it used to be. Its not sucking up all those goods from around the world and sadly, its getting worse not better. Much more mad money ahead. Hes one of the only guys that got energy right and hes joining me tonight. Youre not going to want to miss that interview. Ill see if he can can keep the games alive in an uncertain market. Its one of the few stocks thats rallying here. And a friday edition of the cramer. So how ya doing . Enough pressure in here for ya . Ugh. My sinuses are killing me. Yeah. Just wait til we hit ten thousand feet. Im gonna take Mucinex Sinusmax. Too late, were about to take off. These dissolve fast. Theyre new liquid gels. And youre coming with me. Wait, what . you realize i have gold status . Do i still get the miles . New Mucinex Sinusmax liquid gels. Dissolves fast to unleash max strength medicine. Start the relief. Ditch the misery. Lets end this. cell phone rings where are you . Well the squirrels are back in the attic. Mom . Your dad wont call an exterminator. Can i call you back, mom . He says its personal this time. If youre a mom, you call at the worst time. Its what you do. If you want to save fifteen percent or more on car insurance, you switch to geico. Are you taking a zumba class . Weve got trouble in tummy town. Peptocopter when cold cuts give your belly thunder, pink relief is the first responder, so you can be a business boy wonder fix stomach trouble fast with pepto. Jay knows how to keep his wheels spinning. Nice shorts, dad. They dont make em in adult sizes . This is what the pros wear. Look at the lines. Uhhh. Look at the other line. Mmmhh. Thats why he starts his day with those two scoops in deliciously heart healthy kelloggs raisin bran. Ready to eat my dust . Too bad i already filled up on raisins. By taking steps towards a healthy heart, jay knows hell be ready for the turns ahead. Hey, dont forget to put up your kickstand. bike bell sighs kelloggs raisin bran. And try tart and sweet im talking about one of the most respected authorities in the energy space, whos the markets consultant which i devour every morning, it serves as the best one stop shop for energy data and Market Analysis that there is. Also author of domino effect, transforming markets, energies and economics. Do you know how important the i think its crucial to get a reality check on the oil patch. Because according to rusty, this could be another tough week for the industry. Check out the man who totally nailed it all the way. The only guy that i deal with. Rusty, thank you so much for coming on. Im going to ask you point blank, why did you know. Every time i would email you in the morning, this guy says its at the bottom. You said you dont know that, jim, you dont know that. How did you know not toe call the bottom at 80, i called you at 60, 5 andow 40, a never once you said there wasnt a its oversupply, right . The only thing that can fix oversupply is demand, we look at demand, demand just couldnt react fast enough to happen. Then we have to look at supply, there was only two supply things that could fix the market. Number one, it would either be the u. S. , because prices got so low, or it would be the saudis. We look at a the u. S. Side and we look at the economics, and at 50 and 40 and to some extent even 40. Theres parts of these plays that can can make money. Theres parts of these plays where the economics of producing are still okay. Its the sweet spots, assuming that producers reduce their costs. Thats one thing. Now you also said, its not in the saudis interest to do what everybody thinks they want to do. Absolutely. The saudis are not going to save u. S. Producers from themselves. Theyre not going to do it. Lets say that the saudis reduce production . Then the saudi producers are going to jump in and produce more, and if they do, prices are going to go back down. Now the saudis have got less market share and less price. It would just be nuts. Could we see oil at 20 bucks . Right now the market is trading emotionally. There is no natural floor in a shortterm crude oil market. Theres nothing thats going to stop it at 25 or 20. All thats going to happen is the market is going to react to whatever sort of stimuli comes in, like does china melt down, does iran crank up production, whatever it is, whatever happens to affect the market, you talk about market psychology all the time in terms of stocks, its the same with crude oil traders, maybe even a little more emotional. You have worked from everybody from chevron to is natural gas different from oil . Oil. Natural Gas Production has stayed up there, and even with prices as low as it is. Natural gas demand is going to kick in over the next few years. We read a great piece the other day, we were this genuine increase in natural gas in this country. Absolutely. And it uses up. It uses up and surprisingly so. Demand is good for producers, so that is going to be a good thing for producers, demand is going to be up. My guess is natural gas is going to be up a little bit. But crude oil, mass oil producer es are going to jump in there with both feet, start producing more natural gas, so ultimately this is good for consumers, cheap energy is going to be good for consumers, right . Why were the Financial Markets so kind in allowing these guys to get the credit. Even though you and i know this remember all those analysts say that we were going to hit a bottom, there was going to be a w or a v or a u. We immediate to stop using those terms. Stop using those terms because its not going to happen that way. Everybody else bought into that. Exporting, i thought it might mean something, you told me, jim, huhuh. If it had happened two years ago, that would have been great. We had too much in crude. Prices were way down here because of that and that was two years ago. What did we do . We spent a lot of money on refinery modifications, we built splitters, and the debt of commerce allowed exports of processed con den sates. So now prices in the united states, prices in the rest of the world are about the same, so it doesnt make a lot of sense to take it from here to there, if the price is the same. Although theres sill some sense to export. If im in corpus and my alternative is going on an expensive vessel to somewhere else in the united states. Yeah, i could probably go to europe or go somewhere else and make it better. Prices are going to be low, production is going to come down. Because production is going to come can down, theres a reasonable chance that prices could creep back up again. I do not believe that the 70 is going to happen. But, you know, i think where we are is were trading in a range, and you know what that looks like in the stock market. Were trading in a range. I lived through this in 1986. Prices of crude oil dropped down from 50 down to 10 bucks, they 15. Then they traded at 22 for the next 14 years. Theres an exception. Desert storm, prices swrumped way up. But the rest of the time, prices were within that 7 range for the entire 14year period. Im not saying that thats going to happen this time around, but im saying we are in a range, get that r word recovery, out of your vocabulary, its not going to happen. Thank you to our bn president. A great book. I a read this guy every morning. Hes kept me from calling a bottom. Thank you so much. politely wait, wait, wait you cant put it in like that. You have to rinse it first. Whats that, alfredo . No, that can go in. What are you, nuts . Thats bakedon alfredo. Bakedon . Its never gonna work. Dish issues . Trust your dishwasher with cascade platinum. It powers. Better than finish. to the hostess see, told you it would work. turns to girl 2 you heard me say that, right . Cascade. The tougher toughfood cleaner. Ive been on my feel all day. Im bushed yea me too. Excuse me. Coming through ride the gel wave of comfort with dr. Scholls massaging gel insoles. Theyre proven to give you comfort. Which helps you feel more energized. All day long. It is time for the lightning round. And then the lightning round is over. Are you ready skeedaddy . Its time for lightning round after a real tough week on cramers mad money. Why dont we start with lee in new york. Lee . How you doing, cramer, booyah. Everybody else is getting tired and im can kicking it into high gear, how about you . Doing well. Tesla buy or sell . Its a very, very tough market. Theres speculation that people want to be in it, i dont want to with be in it. Lets go to dan. Hi, firsttime caller, long time listener, my question is agrim. I think you cant wait to get out of agrim. Lets go to california, charles. Thanks for taking my call, jim. Ive got some r. R. Donnelly. I believe the 8 yield is good. The breakup is happening and i think tom quinlan is doing a good job. Stick with it. Scott in california, scott. Booyah, cramer, from the capital valley of the united states. A symbol aos. 36 . At another point before i saw housing peak, which is what it did in the fourth quarter, i would say buy this, but we have to pull back with the fed raising rates, its another sector thats not that exciting. And the conclusion of the lightning round. Sponsored by t. G. Ameritrade. It is time, after the lightning round. What is that . Why dont we start with michael in missouri. Michael . Boom boom, michael. Okay. No michael right now. You have to have a photographic memory to with be able to relate events to whats going on. It is an oddity that both as a curse if you live with me and a blessing if youre watching me. Go ahead, im sorry. Uhoh. Happy new year, do. Happy new year, what did you do . Dried out, ten days. On to the new year . What can i etell you, im on one of these rotten cleanses with my wife. Its driving me crazy, i feel flying off me. Third best gainer on the s p is macyings. I got a pair of gloves yesterday, my hands were cold. Look at these. Those are nice. Discounted. I like these. We deliver. Tom brady calls Terry Lundgren and says what can i give my guys for christmas. Amazing. Living well your immune system works hard to keep you on top of your game. You can support it by eating healthy, drinking fluids, and getting some rest. And you can combine these simple remedies with airborne. No other leading immunity brand gives you more vitamin c. Plus it has a specially crafted blend of 13 vitamins, minerals and herbs. And enjoy living well. Looking for 24 7 digestive support . Try align for a nonstop, sweettreatgoodness holdontoyourtiara, kindofday. Live 24 7 with 24 7 digestive support. Try align, the undisputed 1 ge recommended probiotic. Fortifying the gravitydefying. Adventurecollecting. Friendconnector. Fortifying the goingplaces. Offtotheraces. Dayseizing. You. Youre strong. And were here to help you stay that way. New special k nourish. Multi grain flakes with quinoa, apples, almonds and raspberries. In this extremely difficult environment that we saw today, you want to circle the wagons around the stocks of High Quality Companies that have strong positive catalyst and dont have tough economic exposure in a weakening economy. The Contract Research organization that provides universities and biofarmer businesses with everything they need to discover new drugs, i always tell you to think of Charles River as an arms dealer to the pharma and biotech industries. Regardless of the fed or china, you know those are my two biggest worries, those companies will still be spending money to discover break through drugs. Yesterday morning, the Company Announced that its competitor will research for 585 million in cash, its a deal that was immediately applauded by the Analyst Community with the news actually sending the stock gravitational pull of the average yesterday. This is the booster scale and allows the company to diversify in a niche and highso can Charles River, one of our stalwarts which was up about 25 last year continue to climb . The chairman and ceo of Charles Rivers laboratories to hear more about this deal and where this company is headed. Welcome back to mad money. Nice to be here, jim. James, one of the things that i thought was really interesting is that there were analysts who i thought were kind of lukewarm about your company and they just changed their mind immediately when this happened. Im going to quote from wells fargo, they felt the major factor keeping them on the sidelines was they felt that you were an animal model production company, i dont think thats really true, but thats what they said. How different does will make your company and people that havent liked your stock change their minds . Dramatically. Its a company that we have admired and are respected for years, as a scientific peer of ours, it gives Us Geographic reach, it gives us new business activity, principally contract production of drugs, which will be a nice expansion to our portfolio. It also gives us expanded exposure in the agri chemical testing and Industrial Chemical testing which is something that we do in a smaller way. So larger capability, some new activities and expanded bee graphic rates and great science. Its funny you mention the agriculture, because i read it and i said to myself, you know, theyre tough on gmos over there, theyre tough on anything having to do with where you change the molecules. Are you able to capture what europe is so fearful of, which is that were doing things that are wrong in medicine and food and ag . Sensitive to new chemical entities and their impact on the environment, impacts on food, impact on leaching into the streams and rivers, for instance, and so, yeah, we have had a meaningfully sized business in that and now have a much larger one. We also have greater geographic capability and a couple of countries on the continue innocent in europe to Service StrongLarge Pharma Companies in europe, who i think will have great longevity, have great pnls, expanding classic safe eity side but also in the Environmental Testing as well. Theres a great quote where you said, its actually quite astonishing, it said many of the drugs that have been approved by are the product of large were very proud of the fact that Charles Rivers worked on 55 of the drugs that were approved in 2014. 55 . Yeah, were obviously extraordinarily proud of that statistic, jim. I dont think theres another company in the world that could say that, makes us very proud to get up there every day and make a contribution like that and, yeah, were working with all the major Pharma Companies and biocompanies throughout the world and helping them accelerate the development of the drugs and getting them to market. So its a lofty goal that we have had and one that we have been able to achieve. In the last few months, they have shut out the biotech market, the ipo market for biotechs, is that something we need to be concerned about. Does Charles River have to worry that theres just not been a lot of liquidity of late . Owe tech market in 15 than any other year before that. We think that theres is several years of money they have available to invest in current pipelines, new pipelines, more importantly, most of the innovation, or much of the innovation is coming directly from biotech to pharma. Right. We showed yesterday that about 42 of all the drugs that pharma has coming from Biotech Companies, so Biotech Companies have become the discovery engine for big pharma and even if the Capital Markets were to slow down a little bit in terms of their availability to Biotech Companies, big pharma will continue to fund the Biotech Companies because they have to because they really need to and Pharma Companies have become less interested in who actually discovers the drug, as long as they can get access to a drug that meets their strategic needs, theyre happy to get it from Biotech Companies, so were actually not concerned about the market actually reacted correctly. Thats jim forester, chairman and ceo of Charles River labs. We like this stock, it doesnt have a lot of competition, makes it easier for biotech and pharma to develop new drugs, noneconomically sensitive. Thats the kind of thing you got to be looking for. Phil oh no. under his breath hey man hey peter. unenthusiastic oh. Ha ha ha joanne . Is that you . Its me. You dont look a day over 70. Am i right . Jingle jingle. If youre peter pan, you stay young forever. Its what you do. If you want to save fifteen percent or more on car insurance, you switch to geico. You make me feel so young. Its what you do. You make me feel so spring has sprung. [coughing] [coughing] [coughing] [coughing] coughing disrupts everyones life. Thats why so many people are turning to delsym for longer lasting cough relief. Delsym has an advanced time release formula that helps silence coughs for a full 12 hours. Thats three times longer than the leading cough liquid. All night. Im jim cramer, see you monday. Cat greenleaf voiceover im cat greenleaf. And tonight on a special 1st look, im exploring the many faces of korea. From the Rolling Green hills of hadong its hard work. This is no joke. I mean, all of these mountains need to be picked. Cat greenleaf voiceover to the colorful port city youre a very good chopsticks user