Believe it or not, this is actually the kind of decline you want if you are a bull. We cant keep realallying on the news over and over again. President trump and president xi could hammer out a trade deal. Rallies need more and more fuel. Without it you end up on a day like this one. It reminds us that stocks can go down, too. So what did make today so soggy . All the red hot cloud based enterprise stocks, they were dethroned today. Yesterday sales force told us it was buying Capital Software for a huge premium. Everyone figured that every company in the sector and cloud kings would have takeover biz. These stocks deserve to come back down and they did. They got what they deserve. Helps businesses. Work day just reported terrific quarter down seven. Cooper software, like them. Amazing companies, amazing companies, also stocks get hammered. Think of it as cloud royalty being led to the yesterdays cloud rally was all about froth. Anyone in the industry can be a target. I think thats absurd. I think the deal is a one off. We heard from salesforce last night. We will learn more about what the merger means for shareholders. So they had to get back yesterdays gains. I said it would get ugly and it did. Mark bennyhoff bought sales force. He wanted scale. It was a scale offering. These other companies are not going to get bids. Second source of the market is beyond me. Im not going to fall around again. I think i proved my point last night that this stock had gotten too hot. This morning jp morgan agreed with my analysis. It could not be justified. It makes sense to me. It is still 27 from last thursday. Just like cloud names slaughtered today, you have to understand that beyond meat is excellent. There is tremendous demand for faux meat burgers and sausages. No one else has stepped up in scale to really challenge it. They are hard to keep in stock. They are going for ten bucks in some parts of the country. You dont give speed tickets to stocks. It needs to cool off. Im not saying the company is bad. Im saying the stock got too hot. Financial technologies stocks spent weeks rallying and rallying. I was convinced. Pay pal has a ton of room to grow. It has become way too resilient. Pay pal got dinged. These stocks are taking a muchneeded breather. They cant just keep going up and up on nothing. Thats called multiple expansion and we dont like that. The four Companies Participating in this weeks mega mergers, the stocks get pulverized. Investors take part. I disagree. I think sales force is a buy. I get where they are coming from. Stock down nearly two percent. Anything above 150 pull the trigger. But look at this United Technologies. Down four percent and five percent respectively. I think the world of these companies. As i see United Technologies is worth a heck of a lot more. I would be a buyer here. The dow dupont deal, dont tell people who subscribed to the newsletter. That was disastrous. Its true that like dow dupont we have no idea. If you are patient i believe you will be rewarded. I said that and i was wrong. However, i feel very alone here. It sure doesnt help that the notorious actor opposes the deal going up against greg hayes says he is willing to attempt to block it if needed. We need to accept that these stocks are in merger limbo and thats not what you want to see unless you are saying we are going to mark some time here. We will mark some time. Unfortunately, it bled into the whole defense sector. These stocks all behave like the deal was in the works. They were all bit up in advance. If you look at the stock, it went up big ahead of the deal. Speaking of deals, the sprint t mobile merger hit a major road block when attorneys general sued the stock. Its down nearly six percent. I think it makes sense to to buy tmobile. You see this is soggy. We need concrete news. Maybe a rate cut plan for the fed or just the whiff of a trade deal with china, not the president saying it is up to he said, she said. As i said this morning on squawk on the street, the market is fine and the economy is fine. Not great, not bad. Fine. You can call it a gold locks situation. My old partner larry kudlow said on our air there is not much inflation in the economy. I will add that the trade war with china heats up, im betting fed chief jay i wouldnt call that a good situation. I wouldnt call it a bad situation either. Its fine. By the way, i mean genuinely fine. Not fine like it is terrible. Its fine. Its okay. If you are wondering if you have been paying attention, we had a colossal rally. Thats exactly what this market needs in order to recharge. There is nothing really wrong with that. The bottom line, the president can sign tariffs with any country including germany. Other than that, things are really pretty okay. Dont be alarmed by todays subparaction. Some of the stocks got too hot for their own good. Now they are cooling off. Thats fine. Katherine in nevada. Jim, how are you today . I am good. How about you . Caller i am very blessed. Booya. How about a stock along with that great laugh caller im calling about caesars stock and doing multiple positive renovations and possible merger with caesars in el dorado, why doesnt it get talked about more . And why is it so low because the Balance Sheet is bad. Thats really straight out. The Balance Sheet is awful. May i suggest las vegas sands. 5. 2 yield and really well run. Thats the stock for you in the casino area. How about lou in florida caller jim, how are you . I am good. How about you . Caller okay. I own a lot of banks, citi, jp morgan, bank of america, two regionals and morgan stanley. So with the possibility of lowering of interest rates, should i worry about Net Interest Margin or will the yield curve widen . The stock market is saying that the yield curve will widen. You obviously understand the metrics. From a travel trust, we trim some citi. I dont like the environment. I think we got kind of lucky. I think that in the end it will control and the stocks will not be that good. I wish i could be more bullish. They are kind of like the oil stocks. How about we go to brent in california caller booyeah. I want to talk about gold, jim. I got positions in au, nugget which you recommended. Kirkland lake, i thought those guys were terrific. Caller you made me some money, my friend. We had them on. I didnt know them very well. I said these guys are good. I say stick with kirkland lake. That is a very wellrun company. And thank you to our fabulous producers and heather gains. That was just really such a good booking. And i wish they would come back on. This market is recharging, guys. Things are fine. My exclusive ceo with Tableau Software. Is it a case of he said she said im talking trump and china ahead of the g20 meeting. Its going to be big. The market has been enduring for weeks. We have gotten to accept it as the new norm. Is there more instability ahead . Im giving you the vix fix in tonights off the charts. So stay with cramer. Dont miss a second of mad money. Follow jim cramer on twitter. Send an email to madmoney cnbc. Com. Miss something most of us dont know how much data we use. But we all know were paying too much for it. Enter xfinity mobile. Americas best lte, with the most wifi hotspots combined for the first time. When youre near an xfinity hotspot youre connected to wifi, saving on data. When youre not, you pay for data one gig at a time. Use a little, pay a little. Use a lot, just switch to unlimited. Its a new kind of network. Call, visit or go to xfinitymobile. Com. I got a positive story here. Yesterday the cloud cohort caught fire after sales force announced the largest acquisition ever, the purchase of Tableau Software. It is one of our cloud princes and that makes this a royal wedding. Last time we talked to the ceo to get his perspective of the deal. This is so important. This transaction is i got to tell you, maybe i think the big game changer. Lets take a closer look and youll find out why. He is the president and ceo of Tableau Software who is making shareholders a fortune with this deal. Its great to be with you as always. I believed you from the day you got the job. I remember you were going to revolutionize it. You came from amazon web services. It is pretty early to have a crowning achievement. Thats very kind of you. I mean, the company has just done great. I knew there was an amazing product, amazing team and community. I think with those assets in place, we spent the last few years trying to assemble them in the right way and trying to figure out how we can create real value for customers while growing the business rapidly. It has been awesome to work with all those pieces. Two things mark told us about yesterday he said adam is coming with me and he wanted stock because he believes. How about those . We will have the conference. Im staying as the ceo of tableau. My entire Management Team, whole executive team is on board and staying. At the same time, we will have the best of both worlds and really looking forward to exploring the synergies on the product side and i. P. And assets and sales and distribution side. We think this is a very good way for us to participate in that joint success. I have felt that you would get to where you ultimately sold the company, eventually. This really does haste some things. What does a Tableau Software within sales force mean versus an independent Tableau Software . I think there are many different dimensions to that that excited everybody on both sides of this. Just to dive a little deeper into the product side, we obviously have a very broad and deep analytics platform. Sales force has a lot of things that are interesting with Machine Learning and a. I. Our engineers cant wait to pop the hood on those and check out things we might use. Obviously, there is technology they might use, too. I think there is going to be a lot of attractiveness on the marketing and sales side, sales force has many thousands of field reps around the world. I cant wait for them to be passing leads from either joint customers or new customers into our field. Look forward to marketing. I think there are a ton of possibilities. Mark was telling me about a minnesota customer. Everything worked out well thmpt customer said i will urge with Tableau Software. How many merge with Tableau Software work really well customers do you guys have there are already a lot. They are working at places like jp morgan chase, verizon, southwest airlines. There is a long and impressive list. We will each have our own customers to introduce to each other. I think they are all part of the broader communities. We have the tableau community, two of the most powerful just loyal, passionate sets of users and communities really in the whole technology industry. I think its going to be magic if we can bring those two together. Let me bring up one that may not be as magical. Le linked in. He is competitive again microsoft. There is a little bit of tension between microsoft, but it is creative tension. Linked in is owned by microsoft. Does that just go away when this happens . Does what go away microsoft is now microsoft versus tableau sales force. I think you guys will be competing head to head its a complicated world, jim. We have a multifacetted relationship with microsoft. We obviously compete today at tableau against microsoft. We also cooperate very closely with them and tons of customers are running tableau today on top of azure. Many like driving windows licenses. So its my hope that we will continue to do that and cooperate together for years to come because its good for our customers. Tableau is all about choice and flexibility, deploy on premise and any of the popular clouds or as a fully managed sas offering, connect to any data source that works for you. That flexibility is not going to go away. The tableau that you heard did not have all those capabilitied. You moved it to the cloud. I remember in 2016, mark said its not really a Cloud Company. Then you got there and made it a Cloud Company faster than anybody i have ever seen. I think it is a real credit to you. I want to congratulate you and everything you have done for your shareholders. You are terrific. Thank you so much. I mean, it has been an amazing effort of our team of over 4,000 people. We have largely through a transition to a model pretty much faster than any Software Company of size. We built a big Enterprise Business and we are just really excited for all the possibilities of working really closely with sales force and within sales force. I hope to see you at dream force later this year. Thats the president and ceo of Tableau Software. He made a killing for you. Stick with cramer. Heading into retirement you want to follow your passions rather than worry about how to pay for longterm care. Brighthouse smartcare℠ is a hybrid Life Insurance and longterm care product. It protects your family while providing longterm care coverage, should you need it. So you can explore all the Amazing Things ahead. Talk to your advisor about brighthouse smartcare. Brighthouse financial. Build for whats ahead℠ when it comes to the trade war, this could indeed turn out to be a case of he said, she said or at least it might go that way if President Trump and president xi bothered to talk to each other when they attend the g20 meeting. Right now, that has become a very big if. Trump has ratcheted up the stakes saying if xi doesnt show he melee out new tariffs that are much higher than the 25 that are currently untouched. If trump goes there, he could effectively shut down exports from the united states. Companies need to have backup sourcing in other countries, something that apple apparently has already. Ai have to tell you that is what caused apple stock to go up. I know trump is always calling xi a great friend. This gauntlet of g20 meeting could hammer the stock market. Our president is tariff happy. He has no hesitation about imposing these tariffs. He believes, by the way, that our trading partners pays the cost of the tariffs. Thats not really true. A tariff is a sales tax. We know the sales taxes mostly fall on the consumer. The Tariffs Force china to pay our government money. They help close the deficit and encourage American Companies to move the business elsewhere. This is all based on alternative facts set also known by some as fiction. What matters is the president believes it. I have been more supportive about the trade war than most than all commentators. I believe we have a good reason to crack down. It is you can think it is worth the trade off without denying that there is a trade off. As far as the president refuses to believe that, i expect him to go after germany. Not just china, but germany by the end of the g20 meeting. This morning he tweeted about how the euro is being the base versus the dollar. Unfortunately, European Central bank is not going to let it rise in value. So there is only one way to offset that currency and that is by slapping tariffs on the german exports. I cannot believe no one else picked this up this morning. The president is none to happy that bmw opened a billion dollar plant just yesterday. 2,500 people work at the facility which the Company Plans to make about 175,000 cars a year there. Trump cant put tariffs on the series 3 because just agreed not to go after mexico. However, he can always get back in germany both because they are aggressive about promoting their own exports and thinks they dont pay their fair share in n. A. T. O. I know they have a factory in south carolina. As long as the president believes the tariffs carry no risks for the united states, only rewards, we should expect more barriers to trade pretty much everywhere. He is making the decision based on a major misunderstanding of what i call reality. Since when has that ever stopped any occupant of the oval office . Thats why we are back to the he said she said at the end of the month and the outcome can become explosive. I need to speak to tom in florida. Jim, this is tom from beautiful jupiter, florida. I love jupiter. Great. Whats up . Caller home of one of your favorite baseball players. Mike schmidt. Michael j. Schmidt. Caller he used to throw a baseball around. And a great guy. Caller i agree. I have his picture. What stock caller my stock is monster beverage. Do you think they might be a good candidate for a takeover . You are playing for an earnings game. I think their earnings are very good. I think you are okay with monster. Edward in new york caller booyah. When i was listing in hong kong what would happen to the new york listing we are just going to deal with the fundamentals. And the fundamentals are the best of any company they have over there. Its the only one im still recommending. It really hurts. Lets go to joseph in california, please caller first i would like to say thanks for all you do for the average joes out there. Youre quite welcome. Thats exactly who all of us are. Lets not forget that caller thanks for your stories about your parents who made you who you are today. You bet. Caller i appreciate those stories especially with fathers day coming up. My question is on i robot, they seem to be a casualty of the trade war with china. And i was just wondering with both sides being in so hard, is there a chance to buy, sell or hold i think its too hard. Sometimes really we dont want to weve got companied that are very good like a proctor gamble, like a walmart. These are really solid american blue chip companies. They are better than i robot. Thats what you should be buy in this situation. I expect barriers to be raised pretty much everywhere. Next could be germany. Much more mad money ahead. One of the largest independent natural gas powerhouses in the country. Wondering if the company can regain energy. Im talking with the ceo. Whats the market signaling . Im going off the charts to find out rapid fire in the lightning round. Stay with cramer. When it comes to your customers expectations, theres one thing you can be sure of. Theyre changing by the nanosecond. Thats why cognizant created a unique engineering approach to design and build new digital products. 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