After a rough day where the dow tumbled 314 points, s p plunged 1. 56 , and the nasdaq plummeted 1. 67 , i think the problems simple a list of stocks that are working seems to grow smaller by the day. Isnt that what it feels like . We have fewer stocks that are safe to own and more that are down right toxic as we saw near the end of the day when the bears crushed the bulls toward antichina fueled trading. Today felt like a vicious pro Football Game where the quarterback was under pressure all day and succumbed in the Fourth Quarter in football, a quarterback tries to do a check down, looking to receivers for the best opportunities down field sometimes the Wide Receivers are wide open. Sometimes the qb has to thread the needle to hit a receiver, a slant pattern. Other times, times like today, the bears are swarming, and its like a jailbreak as they head toward the quarterback if he doesnt get rid of the ball in time, hes likely to be sacked, perhaps for a big loss or a fumble or even an interception that could rulesul in a touchdown we used to have the receivers wild open wide open in this market sometimes it feels like theres no one left to throw the ball to, and youre going to have to throw the ball away or perhaps just absorb the hit. Today the bears went helmet to helmet and the investors got concussed into the close, not reassuring could be out for many weeks. Maybe come back soon i dont know theres a protocol what does that look like in stock market terms for todays trading . Okay last night right on the eve of the big trade talks with china, what we got, yeah, some hopeful comments from the president , just like youd expect arent you used to that . This time we got an interview where trump said lots of positive things about what might happen if the negotiations go well for a moment it looked like we were going to get the green light to buy some companys major china exposure i saw receivers that were wide open for a moment it looked like you might be able to hit the best wide receiver, get a td. Then completely out of nowhere, the Commerce Department steps in with a list of 28 Chinese Enterprises that it doesnt want American Companies doing business with. According to wilbur ross, the commerce secretary, these companies are complicit in the brutal suppression of minorities in china hmm, the white house slapped visa bans on the chinese officials who were responsible for orchestrating the same human rights abuses. Its hard to argue with that, but the timing couldnt have been worse, especially when it was right when fed chief powell was doing what he wanted him to do the offensive line broke down, and the qb, you the investor was gang tackled, unless you listened to us when we said the talks would not go well and you shouldnt hold your breath waiting for a deal while these particular Chinese Companies are not that wellknown, the analysts were quick to suggest this news could hurt the likes of intel and nvidia we know the Trump Administration is eager to limit chinas access to facial Recognition Technology that helps the communist party identify enemies of the state. Unfortunately, the company thats identified with that technology is none other than nvidia nvidias stock have been climbing relentlessly thanks to Strong Demand for its graphics and data center chips. There is a widespread belief that the chinese regulators might finally give the thumbs up for it to buy medical lanox. Suddenly that seems less likely. If you threw the ball to nvidia, you got picked off thats just the tip of the iceberg. The other day the general manager of the nba houston rockets, he got hit by like a under the bo bout of conscious. He tweeted his support for the protesters in hong kong. The problem, american basketball is huge in china they love the rockets, but the Chinese Government hates any sort of criticism, let alone support for its enemies. The reaction was swift its not a democracy the reaction was swift, even though many team owners sided with the peoples republic for business reasons craven, the nba commissioner adam silver expressed his support for free speech. Theres no way that made beijing happy. A admissioncommissioner coming saying things like jefferson and washington believed in is there really room for that in a society that theyre more likely to start boycotting our biggest brands, maybe they go after nike or starbucks or apple. These stocks have been very attractive if boycotts are on the table they got a lot less enticing theyre too dangerous to throw to its not just the trade war. Lets say you decided to stay domestic to protect yourself, especially since fed chairman powell says he favors additional types of easing. Normally that would cut towards the retailers, right however, if the trade talks are going to be stalled by this latest move from commerce, that means were almost certainly getting the previously scheduled bump up in tariffs in a week its hard to imagine anyone wanting to buy a retail stock in the face of higher tariffs unless its to offset the damage target, walmart, costco. Costco is barely down. As for everyone else they dont have the scale to strong arm their suppliers into eating the cost of those new import duties. Bad News Health Care . Youd think itd be immune to china. The strongest part of the Health Care Cohort has been the medical device makers. This morning we got a shocking negative announcement from qiagen a diagnostic company that tends to be liable these medical device makers werent supposed to have any Economic Sensitivity maybe thats not true anymore. As for the drug stocks and the hmos they are immune to the gyrations, but it doesnt matter right now. These companies are smack in the cross hairs of none other than democratic leader senator Elizabeth Warren what about Tech Companies with zero china exposure . She wants to break up big tech, so the stocks get hammered whenever she makes a stump speech i think people overreact to this stuff. Something like alphabet with his its search, waymo, youtube, what might be worth even more if were broken up. Market disagrees with me well covered receivers how about potential bargains the railroads have been down relentlessly, wait a second, they may not bounce back at all. I mean, thats a seemingly endless strike at gm autos are a major cargo for rails. That cargo is going to be lousy this quarter what else . Banks on the unless you know something about that boeing 737 max woes that i dont know, theres a lot of totally well covered receivers. Frankly, it doesnt leave too many stocks that are safe to own at the moment. You can take a shot at homebuilders kind of a hail mary play you can buy consumer package goods, its doing okay however, over the last 24 hours the trade tensions have ratcheted up so much that youve got to wonder if theyll even bother to hold the talks tomorrow if youre the quarterback, what do you do . I think you try to protect the football right now dont do anything outrageous, dont try anything fancy wait for a better moment when it no longer feels like chinas in the balance or next weeks upcoming tariff hikes have been baked into the average i dont think were there. I cant fault the Commerce Department for cracking down on Chinese Companies that enable horrific human rights violations, but they did kind of pick a worst possible time to do it, right before the big trade talks. I think you need to be careful as this market readjusts and recalibrates its expectations. You dont want to throw a pick six interception, and you dont want to be sacked for a loss, deep in your own territory lets go to steve in texas, steve. Caller hey, jim. How are you . I am good, steve. How about you . Caller unbooyah leavable. Ive only been washing you since the late fisher payne ordained you reverend, and i want to thank you for going a positive influence or investors, especially young investors. Thats what i want to do, i love that. Were going to have tough times but were going to get through them together. Reporter blaui took up a small position a month ago, and at that time the price targets were averaging in the low 70s, then they suddenly jumped up into the mid80s, and even though theyve eased a bit as of late, are you a believer i am a believer speculative stocks have been taken to the wood shop here. I think this is attractive weve got to leave a little room you know, clearly this market hates speculation and tandem is a speculative stock. Real Estate Investment trust and utilities k. The market is readjusting its expectations so you need to tread carefully and protect the football on mad money tonight, dominos just delivered something its investors arent used to digesting, an earnings miss. The stock took a hit early in the morning, but then it rallied. Is it a buying opportunity ive got the ceo, just wondering what your next move should be . Im going off the charts to find out whats next for this market and could the breakup of another unbelievable industrial icon be come somethiing . Im talking to the ceo of Emerson Electric to find out options for the 129yearold company with a fabulous dividend record stay with cramer dont miss a second of mad money. Follow jimcramer on twitter have a question . Tweet cramer, madtweets send jim an email at cnbc. Com or give us a call 1800743cnbc. Miss something head to madmoney. Cnbc. Com. Devices are like doorways that could allow hackers into your home. And like all doors, theyre safer when locked. Thats why you need xfinity xfi. With the xfi gateway, devices connected to your homes wifi are protected. Which helps keep people outside from accessing your passwords, credit cards and cameras. And people inside from accidentally visiting sites that arent secure. And if someone trys well let you know. Xfi advanced security. If its connected, its protected. Call, click, or visit a store today. Did you see the action in the stock at Dominos Pizza today . Over the past year this company has reported a series of not as good as we would have hoped for quarters and people have disappointed in them and the stocks been pulverized. Thanks to the proliferation of the delivery food platforms, dominos facing more competition than every today Something Different happened, dominos reports a seemingly difficult quarter. The stock ends up roaring higher, glad i told you to buy it when i was at squawk on the street this morning they deliver a 0. 02 earnings miss with slightly weaker than expected revenue up 4. 4 yearoveryear Sales Numbers foreign and domestic were lower than anticipated. Management cut their longterm outlook. Over the next two to three years domi dominos is looking for 78 to 10 trimmed guidance by 1 , International Guidance by 2 the stock caught fire. Why . Because what i said would happen finally has happened theyve reset expectations, and the numbers were better than feared looks like the kind of big washout you get when a stock finally bomtttoms when you get that reset the ceo of Dominos Pizza had a better sense of the quarter. Welcome back to mad money. Good to be with you again i was down right excited when i read your Earnings Call because of one thing it is very clear that you think the days are numbered where the venture capitalists will continue to be able to support the other guys in delivery theyre going to run out of money. Do i read it right well, you know, jim, we do think theres some irrational pricing out there in the marketplace right now funded by venture capital. We dont know how long that will last, but as we look out over the next two to three years, you know, at the revised guidance that weve given, weve got a terrific Business Model. You know, this Dominos PizzaBusiness Model can deliver terrific revenue and Earnings Growth over that window of time. I was your Free Cash Flow is magnificent, even with the socalled revised down numbers, the Free Cash Flow is hanging in there pretty well, isnt it . Yeah, jim, this is a terrific cash flow model. We generate over a Million Dollars in Free Cash Flow a day, and we also shared on our call earlier today that weve tightened up a bit around g a and also on capex as well which is going to give an opportunity for more Free Cash Flow to fall to the bottom line and ultimately as you know were pretty thoughtful about returning that to our shareholders over time. It seems like despite the fact these other guys do have these delivery systems, if you have 6 growth, that means you are gaining share against the other companies . No doubt. 6 retail sales growth in the u. S. Is significantly faster than the growth of the pizza segment and faster than the growth of the restaurant category Overall International business when you normalize for currency up 9. 1 retail sales growth, also significantly faster than the category jim, were gaining share, you know, in the u. S. And across the globe. A lot of companies i deal with are retrenching got away from china you just added 20 new stores in china. Youve got a lot of room to grow why now . Its a great time for us in china right now, jim weve spent a good bit of the last ten years refining our Business Model there we have a terrific master franchise partner. The four wall economics are terrific, and so were putting our foot on the accelerator to get more stores open. You used the term throughout the transcript of the fortress dominos. Now, were familiar with fortress when it comes to jpmorgan whats fortress domino so fortress for us is getting our stores closer and closer to our customers, and that really helps us for both businesses that we run, both the carryout business and the Delivery Business for carryout, the number one criteria for our customers is being close to the store they dont want to take a lot of their time out of their day to go pick their food up. The more stores we build, the more incrementalty we get there, and then on delivery, you know, the two key elements of making that Business Model work are number one, you know, getting to the customer fast because that drives repeat purchase, but two, the closer we are to the customer, the lower the cost is per delivery because our drivers can deliver more orders per hour so it really it is a cycle that just gets better and better and better the closer we get to those customers. You have 85 million customers, 23 million loyalty people now, and i see your ad campaign for insurance you know why ive been one of your 83 million, ive been consistent it has never come anything other than piping hot. Why do i need this insurance guarantee . Have people been complaining no, jim, you know when we look at the market out there today and we talk to customers and do our research, you know, one of the things that they talk about is that they can really ruin an experience if that product shows up too late or if its not hot, and we have franchisees that dedicate their lives to making sure customers get great experiences. So we featured a couple of those wonderful franchisees in our commercial, and we decided to make it much easier for customers to let us know if we got something wrong because when you deliver millions of pizzas, as good as we are were going to get a few wrong, and when we do, we want to make it right for those customers. Last thing, something that bothered me in your call you talked and teased about menu innovation, but you gave us not even a bigger than a bread box is there something that we are going to love that is in your pipe well, i was just back in the test kitchen again on friday tasting some fantastic product, and you know, jim, we dont launch any ltos. We dont play that game in the business, so were really thoughtful about making sure that the products that we put out there have staying power, but weve got a lot of great things in the pipeline, and im excited that well be able to bring some of those out to you and our other customers in 2020. Ive got to tell you, i am very antithe ipo market. I think youre dead right, there may not be the pot of gold at the end of the rainbow for some of these delivery companies. I think they run out of money before they come public. That is great for you. Youre doing great, rich allison of dominos thanks, jim. This is what it looks like when a stock has bottom. Weve got a lousy market i dont have to tell you that, because you see it yourself. When a stock goes up, on down numbers, what happens when the numbers turn out to be great mad moneys back after the break. Woman what gives me confidence about Investment Decisions . Rigorous fundamental research. With Portfolio Managers focused on the long term. Who look beyond the spreadsheets to understand companies, from breakroom to boardroom. Who know the only way to get a 360 view is to go around the world to get it. Can i rely on deep research to help make quality Investment Decisions . With capital group, i can. Talk to your advisor or consultant for investment risks and information. High protein. Low sugar. Tastes great high protein. Low sugar. So good high protein. Low sugar. Mmmm, birthday cake pure protein. The best combination for every fitness routine. Wow, after a hideous day we need to take a step back, try and assess things objectively which is very hard to do when you get this kind of emotional selloff. You dont want emotions to dictate what youre going to do. Thats why tonight were going off the charts with the help of rob marino he happens to be my colleague at