We need fed chief jay powell to listen to last nights big, bad Conference Call from csx thats a railroad. Or this mornings report from aerospace texron that showed a weakness in almost always Robust Aerospace sector or tonight, surprisingly not so hot guidance from united rentals, the Equipment Rental company at the same time, we need to innor ti ignore the bank Conference Calls from bank of america on the heels of the major bank stocks that have been good. Certainly happen we got lets hope he stays away from any Conference Call in the red hot airlines sector. Why . Because we have two economies and right now out of scn krrks nrks krrcn sync if you believe bank of america, j. P. Morgan, citi group, why not, consumers are spending but were taking down a little debt. Paying it off. Based on what is happening in the consumer economy, you could easily make the case for more rate hikes here but the Business Economy is a totally different story. That Conference Call, i have to describe it as brutal. Csx is a railroad that moves products when they suffer, it tells the fed to slash Interest Rates like freddy kruger. We see this struggle in the economy play out every day its a bizarre situation the bull is focused on negative data because they want to rate cut and the bears focus on the positive data because they want the fed to do nothing. I think the bulls will ultimately win why . Because jay powell keeps obsessing about that rate hike too far. That one in december as well as President Trumps fickle stance on the trade war i got to tell you, if the chinese dont start buying soybeans soon, ill scream but not as loud if the white house rolls out another round of tariffs and could be destructive for the economy. Mostly, this economy is just plain weird. I cant think of another time in my years in the business where the consumer was in such fantastic shape or industrials were in so much trouble. Normally, the one boosts the other or vice versa. It doesnt seem to be happening right now. If you want to know how crazy things are and they are nutty, you got to listen to jim foot level headed ceo of csx. He says quote, we started this year expecting revenue to be 1 to 2 and global and u. S. Economic conditions have been unusual this year to say the least and impacted volumes you see it every week. The president of the economic backdrop is one of the most puzzling ive experienced in my career end quote he now thinks that the numbers are going to be down with the stock down 10 today, its safe to say that investors dont like to be puzzled and who can blame them according to csx markets that are strong are doing badly look at the big metal shipping containers which is a great gauge of the border economy down 11 but some had to do with internal changes to csx and went on to explain the expected seasonal rebound that happens now has not materialized many volumes show weakness thats exactly what jay powell needs to hear if hes going to cut rates. Oh, boy, but then there is the brutal negative pin action when one railroad does badly, the whole group gets hit you know, Union Pacific plunged nearly 6 today. Norfolk southern went down 7 . All those cargoes are getting crushed. Metals down and over capacity. Autos stuck in neutral despite the credible Balance Sheet csx had some railroad growth on sports utility vehicles but more than offset and didnt help it was a mid sized aerospace. The pin action f it created bargains, martin and honey well as i always tell, you the money from one pocket finds its way into another for example, bank of america reported an amazing good quarter with by interest in the heat of sale interest. I think bank of america could have as much buck. Accelerating Revenue Growth driven by relentless monitoring and diabetics, last night United Airlines dramatically raise td h forecast but with a short fall, money pours into the ones that dont need a good economy to make numbers we look at shopify they empower Small Businesses allowing them to make the website as good as a power houses retail i know more people that got their businesses going than any other nonbanking enemy on earth and feel like they are being hurt by Amazon Amazon is web service is their best friend. For example, let me give you one close to home. My 25yearold daughter, i dont want to reveal her Business Plan but she wants to sell a particular type of apparel i asked her how to get it up and running. She looked at me like i had two heads. She said same as others, shopify. She turned me on apple, google, netflix long before they blew up on wall street what can i say the kid is money she stays in the picture of course, speaking of netflix, we have companies that manage to buck the strong Consumer Trend netflix is consumer focussed and getting killed in the after hour trading because polling suffered growth and those guys are terrible at predicting numbers at the same time, ibm which is all business delivered what looked to be better than many spect expected quarter that said, we have the usual suspects that are still working like youd expect them to when the economy is weak. Money goes into cybersecurity and Palo Alto Network and Cramer Family fav octa. Sales force and spunk and adobe but you have to wonder if there is enough for everyone we have jay powell satisfied by csx and textron and we have the key to firepower and a Health Care Start and fantastic set of high growth winners. It wasnt enough to prevent todays decline given the fact of netflix and uri but we would have done more without the positives. The bottom line, you need to hang in and wait for positive reports, which i believe could be right around the corner but if im wrong and the earnings are a bust, the Federal Reserve has more ammunition to justify multiple rate hikes. Despite hikeups, im betting with the bulls i think they are more likely to win. I need to start the calling with billy from maryland, billy caller jim, thank you to you and your team for your hard work. My staff is unbelievable. Unbelievable and regina and her gang are amazing whats up . Caller okay. Im calling about a retail stock. The stock is at home home Ticker Symbol they opened the 200th star with plans of opening 400 more. There has even been rumors about them being acquired by a charger chain like kohls. The problem is the stock has over 70 in the last 30 days so is this a buy, sell or hold they can open 1,000 stores. When they keep missing quarters like that, youre going to have to go down and believe me, kohls, i dont think they are about to buy anyone. They should be buying back their own stock if they want to buy something. Lets go to bruce in new york, please, bruce. Caller bruce, how are you doing there, jim well, bruce, how are you . Caller so far, perfect. Look at that. Caller thank you for making me a smarter investor. Thats what im trying to do. Make people a better client, make people a better investor. Thank you for noticing. Caller 20 years ago my wifes father told me to buy chd. My average cost is about 2 a share. All dividends were invested. The stock is near its alltime high with a market at alltime highs with house money at this point. Do you think i should sell some or all before earnings i can opine about the company. It is so good. Its done so well. It is so consistent. I dont feel any need you probably take your call spaces out to do any selling. It is just a Great American company. Boy, do i wish they would come on it would mean a lot to me. Lets go to robert in pennsylvania, robert caller hi, jim. Robert. Caller im calling about harvey davidson. Ive owned the stock now for about ten years and bought it at 50. Its now trading around 36. Right. Caller is there any hope for Harley Davidson . The problem with harley is not necessarily what people are worried about with imports, its the demographic. Its just an older group of people who ride harleys. Now i dont know, i dont ride motorcycles. My best friend Micheal Haley has a harley and we go to the store and they look great but then again, im 54. Okay maybe a little older all right. There is enough here for everybody. There is enough to keep the averages hanging in. On mad money it could be time to worry about earnings and big tech in washington and sit back, relax and pop a cold one im talking uncle sam, Boston Beer Company and the comeback, what is that about staying strong despite multiple analysts downgrades, im checking in on the resilience of an old iron bender from ohio so stay with cramer announcer dont miss a second of mad money. Follow jimcramer on twitter have a question . Tweet cramer madtweets. Send jim an email to madmoney cnbc. Com or give us a call at 1800743cnbc mi setngssomhi head t prevagen is o madmoney. Cnbc. D memory support brand. You can find it in the vitamin aisle in stores everywhere. Prevagen. Healthier brain. Better life. You wouldnt even ride with someone under 4 stars. Casey . Yeah. So why do you stick with a bank that treats you like this . Yeah, check the. Uh. Check uh. Online reviews were pretty sure theyll send you over to us. Because were not just a bank, were an ally. [phone ringing] ally, this is pamela how can i help you . Bic tech went to washington this week. Whenever these companies are in the news, need to distinguish between headline risk, important and general earnings risk, serious, painful bad in other words, when it comes to facebook, amazon tussling with congress, is this an issue that makes them look bad or does it cost you money let me give you an example yesterday david sisilinni said something i thought was major most people washed over. Take a listen. In an effort to promote and continue this new economy, congress and anti trust enforcements allowed these firms to regulate themselves with little oversight as a result, the internet has become increasingly concentrated, less open and growingly hostile to invasion and entrepreneurship. If you own the stocks, its the last thing you want to hear because regulated businesses make less money than nonregulated businesses so there is an earnings risk. You normally expect republicans to fight and republicans perceive it as liberalism. Big tech is the only thing the two party ks agries can agree on facebook, amazon, politicians love to hate i dont want to make these big tech platforms sound like they are under dogs they are Gigantic Companies and very powerful but that said, this is not a great situation for them in part, thats due to the environment. The media has every incentive to pay the negative picture and it depends on advertising, congress is full of ancient politicians getting comfortable with email they are snail mail people, the last people that should be regulating the internet but some of the problem is selfinflicted when other industries get too large, they put up offices in the congressional districts all over the country look at the defense contractors. These big tech platforms with the exception of all wise and knowing amazon are all concentrated on the west coast im not saying i approve of this corruption but what is the point of being a 500 billion company if you dont buy some congressional mind share there is a lack of public wellknown grownups, people who cannot be bought big tech refused to bring in Senior Executives trusted by washington to me, the smartest thing that he did when he took over at uber was to hire tony west as general counsel. West was the former gc of pepsico and the attorney agagena of the United States hes got the best resume ever for this kind of thing remember, he had to clean up the mess left by his predecessor you dont hear much about that mess anymore, do you even though uber is an Aggressive Company because west gives credibility of congress. Deservingly. Unfortunately, these companies dont seem to know they need a guy like tony wes to help then get along with regulators and need more former legislators turn lobbyist. Ill take famous athletes. I mean, even the banks know how to do that or else were liable to end up with the interstate, Internet Commerce Commission with real regulators assigned to these companies. Lets go through them one by one. There is alpha bit they have real earnings risk here they remind me of microsoft before it lost the beginning trust 20 years ago there is no escaping google. It determines what you read first not to mention what you see first on youtube a lot of First Amendment stuff there. Its congressional per view. One of the reasons ive been a fan is the power thats earned its own ingenuity, the problem with that, they can find a way to play kick the government, someone will be trying to break them up. The good news, stock is cheap for 21 times extra earnings. The bad news, while the call for a mcelderry chccarthy stale iylr base, there is reason hes going after them i personally love everything about google but no denying the power and does have the ability as critics would say to be coerci coercive there is real earnings risk. The Company Needs to find a way to selfexamine and not by cheap a. I. But by expensive humans they have the money. I know they dont want to slow down the invasion, they are great innovators but lack a powerful way to tell them if they are right or wrong. There was some noname alphabet guy on the hill answering questions about Chinese Communist infiltration can they be that tone deaf they need heavy hitters to get them out of the jam. Next up is amazon. They have big brother and alexa and wiped out Small Business and have the power to steer their own goods but amazon also has friends. They have Distribution Centers all over the country that gives them influence and their platform is beloved by everyone who uses it and Ceo Jeff Bezos owns the washington post. Thats one way to ensure you get publicity but he has not influenced the editorial if youre worried about corporate concentration, thats rifling. Even though amazon spent years krau crushing smaller retailers, this is in the best shape it made a brilliant settlement nobody is talking about to appease sellers, the people that are on shopify like i talked about at the top of the show amazon knows how to play the game last but not least, there is facebook man, they sure didnt buy much with that 5 billion settlement. Its out of the frying pan and in the fire with them. The Treasury Department is not thrilled with the plan to launch the currency, lib ra if they bring in counsel, couldnt they find some sort of distinguished federal judge who is retired somewhere i mean, they would be the government would allow them to selfregular gate again their instagram business is on fire as my Instagram Account on fire mainly, im not worried because i have a plan for them facebook watches the show so listen up facebook i understand i like the lib ra concept but you got to drop it its doing more harm than good take your money. Want to get into payments . Buy square thats 100 premium. Nobody turns that down then they can blow out the Payment Network worldwide. Square, cash, is going to be facebook cash and dont forget, square takes bit coins to get the fix. Im not being grip it will cost these companies money. The bottom line, if you impact free speech, youll take an earnings hit and maybe breakup risk as we get to the election you impact commerce like amazon, youll have at least a small earnings, maybe a fine but i expect the rules to be relatively painless like the ones they agreed to in germany and if youre facebook, buy square and bring in a former juror to play the fence. Maybe thats enough and for european regulators like our afternoon show, i say check please believe me, thats how things work over here stick with cramer. Your daily dashboard from fidelity. A visual snapshot of your investments. Key portfolio events. All in one place. Because when its decision time. You need decision tech. Only from fidelity. When the heck has gotten into the Boston Beer Company sam adams. This stock rocketed higher from 150 to 400 and i got to tell you, this is one of the most spectacular comebacks ive witnessed. I didnt see it coming, did you . Is driving this thing . We have to understand these. Boston beer was one of the ultimate cold stock and less than ten years ago, a craft beer craze swept the nation given sam adams was a pioneer craft beer and made a killing into the strike thales growth iw double digits. Then craft beer started taking off in 2012 and next thing you know, they had 13 sales growth. In 2013, it went to 27 . 2014 it was 22 growth not bad for a company thats been around for decades, right ultimately the very trend that made boston beer so successful was undoing. As more and more tiny craft breweries opened up across the United States, sam adams started feeling like a lot less special in just a few years, it went from being red hot Growth Property to kind of a lost brand. Stuck somewhere between the mass market and the 6 in 2015 and then well, it turned negative as you can see from the stock in 2016 and 2017 hence the decline right there. All right . Then beer went out of style and that only made things more difficult. Throughout this period the stock got clobbered, which is why i gave up. I didnt like the beer tasted like cheer owios. I dont know about you it shows you how companies written off and left for dead can indeed make themselves relative again if they have great management so how did they d