Transcripts For CNBC Mad Money 20240713 : comparemela.com

Transcripts For CNBC Mad Money 20240713

Nosediving 3. 97 . At one point it looked like we would go to war and we were actually lucky, lucky it was only down that much because if things dont break right, were going to be experiencing a lot of weeks that are worse than the depths of the great recession. Why . Were fighting a twofront war in this country. We need to beat the coronavirus, a scourge thats unrelentless easy to catch and requires hospitalization, far more than we can actually provide. At the same time we need to preserve the economy, an economy in many ways is no longer open for business there are 100 million workers who could potentially lose their jobs if we dont shut down covid19 soon. Peoples life savings are going to be pulverized as companies suspend dividends and people sell like a mouse in a fear of an unrelenting panic because they need cash, need cash right now. Its like a slow grind financial hell apocalypse. The plummeting of oil isnt helping either we need to get crude back over 30 or the last of the patch will be immense. Thats a manmade crisis the president can stop with one phone call to the crown prince of saudi arabia. It was the crown oil that turned the stock market from up to down unfortunately for now we seem to be losing the war on both fronts, the virus and the economy. Well, im confident we will triumph over covid19, as confident as everyone else, it might not happen fast enough for tens of millions of laidoff workers burning through the savings. God help anyone living paycheck to paycheck. Next week the health care front and financial front, theyre going to collide when we come in monday morning, were going to lose the true size of the senates stimulus bill it needs to be as big as possible im hearing 200 trillion, larger than most expect but i think 4 trillion makes more sense. People say we need to fight this with a bazooka are you kidding me we need nermal Nuclear Weapons you know why were also going to start hearing about an explosion of new infections, hospitalizations and deaths we know this virus spreads exponentially but we have trouble processing what that means. The figures will seem stunning and terrifying in equal measures we used to take the Financial Fears off the sagging shoulders of americans its worth the effort and money, as long as we with can tide over regular people while we wait for treatment and vaccine, the stock market will stop cratering, it will help peoples savings our only hope monday if the president does give the saudis the riot act over the weekend could pros up the price of crude. Saudi arabia and egypt are in the dumbest price war in history. Theyre killing each other saudis want us hooked on their cheap oil but thats a patriot they can destroy our Oil Companies but they cant destroy our oil. Still, i cant believe exxon, exxon now yields 10 it seems as unsun tasable as it is sack ra say and the second most touted stock this week after amazon as might be a winner is nike. This thing is pummeling if 105 down to the 60s. Analysts reported better overall expected tuesday but that doesnt such me given the collapse worldwide but they got back online and ordering shoes online nike is the first big cap company in the era of covid19 destruction, at least the first one the analysts actually like so lets see what happens. Bullishness here is a little bit out of whack wednesday morning we hear from the very fine company youre familiar with if you watch the show, paychex. The stock was down 10 today alone. It has fallen from 90 to under 52 in almost a Straight Line why . Its Payroll Processing for Small Businesses, like the ones i have we have to expect more Small Business closures than at any other tomb since the Great Depression lack of clients. I think it will just take time for this to unfold but the market isnt waiting around to find out you know who loves going through the pandemic micron they are totally despised. Too bipolar . We will find out when we find out how bad the supply and demand and balance is. Now its fallen to 36 micron can bounce if we get positive Economic Data but that seems incredibly unlikely. Thursday morning we hear from signet jewelers. We had them on not long ago. They were a awaiting a comeback before the coronavirus destroyed all things retail. If they could tell us things are holding up, people are still getting married, anything positive, it may help. Currently has a yield of 19 welcome to the porn shop era enter close lemon reports. There are so many analysts who think its time to step up to the plate and buy lulu with the stocks 100point decline. 100 would be something. They argue lulu is a coiled spring my view . Want to bet on lulu, please wait until thursday to buy it i expect you to get a better edge point because on thursday morning, we get jobless claims and they will be more frightening than anything stephen kings ever written. Remember, i say that as someone who thinks king is our generations Charles Dickens im reading the institute. I cant put it down. But dont read this until you want a dark comparison to the current pandemic spoiler alert, were doing better and now the oil industry, remember how growing it was from 8 Million Barrels to almost double now i want you to measure the scale. Maybe if the retraction is deep enough saudis will declare victory and the president s love for low gasoline prices versus americas independence now its inverse the fewer the rigs, the better i used to joke about this, buck up you bunch of jokers, at least stocks stop at zero. Its funny the first time. Thats about it. Bottom line, we know this market is the most oversold its ever been we know if theres any good news in Clinical Trials success, more testing in cases in italy or spain, 3 trillion stimulus or oil back up to 26, the average is a w. A. R but somehow all of these averages have seem to come long shots. What can i say i call it as i see it. Bart in ohio caller how are you doing, jim . Last october you compared six flags and cedar fairs and you chose cedar fairs. Right caller today president of cedar fairs announced they wont open until midmay or later. With all of this going on, good investment or stay away from both were in a different time i think that these are companies that are uniquely what you cant really touch, and onceinamillion thing. Its one thing to be run poorly like six flags was its another thing to be run really well like cedar fair and still get pulverized im not going to recommend it. I dont know when this thing is going to pass. Thats what it is. Don in florida caller hey, cramer, this is don in orlando 78 years old i got 6,500 shares of at t, and i depend upon that to live on. What do you thinks going to happen with the dividend, and what do you think of the stock i actually like the stock we it an actual plus. Com club call the other day and i talked with our team maybe it was time to look at at t, because now well, it was at 30. Now its at 28. But i happen to think its real. I think they have good cash flow i dont see the cash flow hurting so im going to say youre okay. Lets go to ross in texas. Ross caller hey, jim, thanks for taking me call. Of course, ross caller my question is related to adventist i bought them looking for stable income and i am obviously considering retiring they have been dented like most reits in the market. I know you have been a longtime admirer and they understand to maintain their dividend. What is your opinion of the Senior Housing industry in general i think the industry is not a good one there was overbuilding i was heartened when i saw that deb declared that dividend i think some people thought it was not sustainable. I believe in deb ka varrio but there was an industry she thought was turning and it hasnt thats a tough judgment but thats the case. Lets go to brad in massachusetts. Brad caller hey, jim, Booyah Booyah caller want to say thank you for all of your help over the years. Although im only 28, you saved my marriage a few times. Things are getting rocky again and im curious about home depot overall given if the time is right. I did have fear home depot would keep going down and it continues to go down it yields 4 thats a little extreme. This thing is trading very much like it traded in 2007 08 its a Better Company and i think its going to come out on top. Its down 30 . Get a yield 4 1 2 , 5 i think you will love it were fighting a twofront war in this country, people. What can i say, i have to tell you, i still think you hang in if we didnt like it, we didnt like it, we didnt like it, we still dont like it, but i dont think its time to cut and run we can get a better time to sell coming up on mad money after another tumultuous week, im on a hunt for buying options. Lets see if the high can continue, stock had a huge week. And while dr. Fauci worries about your health, i worry about your portfolio i will tell you what can help with the coronavirus as we brace for the worst of the outbreak, im talking to the ceo of amn health care about how its hoping to help. Stay with cramer dont miss a second of mad money. Follow jimcramer on twitter. Have a question, tweet kramer, madtweets send jim an email to mad money cnbc. Com or give us a call at 8074cn03bc it all starts with an invitation. To feel connected. The invitation to lexus sales event now through march 31st. Lease the 2020 es350 for 379 a month for 36 months and well make your first months payment. Experience amazing at your lexus dealer. Can we go get some ice cream . Alright, we gotta stop here first. From smarter atms, to after hours video tellers comcast business is connecting thousands of banks to technology that turns everyday transactions into extraordinary experiences. Hi there. How are you . Do you have any lollipops in there . laughing no, sorry. Were helping all kinds of businesses go beyond customer expectations. How can we help you . No mthe most reliablere, xfinwireless network you to connect you with those who matter most. Its the network that gives you the best coverage and more flexible data that you can share, mix with unlimited and switch at any time. Youll save up to 400 a year on your wireless bill. Plus, get 300 off when you buy a new Samsung Galaxy s20 ultra. Xfinity mobile. Call, click or visit a store today. This market is one big dark cloud but its got a Silver Lining the stayathome economy stocks keep roaring look at crowdstrike, yes, vaulted 7 or 17 . It was its fourth upday in a row. At tuesday it bottomed 32 and now 49 after the worst week since the thick of the great recession. First three weeks of this run it was about cloud companies, our essentials with millions of people networking from home. And now cloud strike had a blowout quarter and even better management gave us guyton for a bullish quarter and whole year honestly, they have a lot more room to run. Theyre off more than 25 from its prepandemic highs. Dont take it from me. Lets check in with george kerr, the core founder and ceo of crowdstrike to get a better sense. Welcome back to mad money. Hi, jim we have to do a fist bump since we must do this remotely. Ill take it. Good to see a smiling face and good to see numbers that were up 99 your surskripgs revenue. Im so sick of short falls how did you blow it away like this jim, i think it goes back to security is a basic need in the hierarchy of what corporations need, its like shelter. When you have a cloudbased platform like we built, were solving big problems, stopping breaches and helping consolidate spend and cost we have a great team we had perfect execution and were delighted with the results. It seems also you had the good fortune of being up against semantic, which kind of rolled over and gave you the field. Well, as i said in my remarks on the earnings call, i think its the best competitive environment i have ever seen obviously with the acquisition, its been a great opportunity for us it continued to take share we see a lot of their install base coming to us looking for a cloudbase platform, next gen powered by ai and ability to stop breaches without ever seeing those sort of threats before a big element is it works in the cloud. So for all of these Remote Workers, its a perfect solution whether youre a Remote Worker or whether you have cloud work loads. Were a gamechanger in that area. We also look for companies we trust when they pick up or use or name a new developer and doug murray is a friend of the show, hes one of the smartest guys out there. He went with you guys over another outfit. He did. I have the utmost respect for doug and splunk. The same between splunk and crowdstrike, we have great integrations we create a lot of data and theyre able to consume it when it came to protecting their critical structure, they chose crowdstrike. Easy and it just works it makes it easy to protect things on prem or off prem. You have a lot of huge customers but some medium and small. What do you do right now when one of those who just took you down and loves crowdstrike says, you know what, they just closed some of my business. Im going to have a hard time writing this months check what do you say . Well, i think what weve been able to do as part of our surgery leaf program i think has been very well received. Were allowing customers to surge and protect the Remote Workers. Were not charging anything extra for it we will deal with that after we get through this crisis. I think with customers that might be an affected industry, obviously we want to work with them we view ourselves as a partner, not just a vendor. We will do anything we can to make it work with the companies were actually protecting. We will go above the call of duty. I see a lot of people rallying to the cause of working at home and are excited about it somehow they must think when you plug in a different device from home the bad guys wont know about it theyre not in your house. Its untrue, isnt it . Its actually untrue. If you think about it, the bad guys are not going to abide by shelter in place now is the time when theres chaos and theres fear and people are worried about their family, theyre not in the office, now is the time when they will strike so as these remote users get up and running with their own stacks, whether its zoom or slack, theyre going to need protection like crowdstrike and were there for them thats been a big win for us with our corporate customers and even smaller customers, to be able to protect that remote workforce. You have a successful iteration falcon apparently Just Launched a home version of it. What does that do for people the home version is really allows our corporations to be able to surge and protect their home users and essentially if you think about some corporations, they have the wherewithal to be able to buy 25,000 new laptops and ship them to their employees and we can protect those but many organizations, you have to use the employees home computer so it allows us to protect that home computer, maintain a level of compliance and visibility for these enterprise and midsize customers, and make sure they can always be protected whether theyre on or off the network. We are seeing bad guys prey on peoples covid19 fears very smart way to go about it. Are you trying to stop some of that oddly enough not oddly but sad that the bad guys are doing this weve seen a real uptick in phishing campaigns using covid19 and malware associated with that in these emails. So now, as i said earlier, when theres chaos and fear in the street, thats when the adversary tends to strike hardest. Well, i guess is china back already doing some of things it did before this whole pandemic started . Well, whether its any of the nations state adversaries, you know, theyre not sheltering in place. The internet goes wherever and theyre very busy. They havent stopped they wont stop. And thats why organizations need to be vigilant, whether youre a public company, whether youre a Small Business or whether youre a state or local or federal government, you need this level of protection that crowdstrike is offering. Theres a terrific chart in your lets see which one. Its a category cloud defining platform cloud sales force 1999, service now 2004, hr cloud work day 2005 those are three of our absolute favorite stocks, as you know those are cloud king stocks. Security cloud, cloud strike 2011 people should know, you didnt just start yesterday and youre cash flow positive. Were really excited about the cash flow generation i think thats indicative of the durable Economic Business model we have and economics, first and foremost secondly, getting back to your point, we think we are a cloud pillar and will become even a bigger cloud pillar for the security cloud when i started the company i looked at sales force and work day and said there needs to be a security cloud no one was doing this. We started from the ground up, built in the cloudnative architecture can you see our results, one of the Fastest Growing companies at scale of all time. And we view those as our peers. Im just thrilled for you success. Its great to hear somebody doing well and its also great to have a stock that went up this week. Thank you very much for being here i know you like the show means a lot to me, george. Great to see you on it george, founder and ceo of crowdstrike. Good to see you, sir. Stay safe. You too do you have concerns about mild memory loss related to aging . Prevagen is the number one pharmacistrecommended memory support brand. You can find it in the vitamin aisle in stores everywhere. Prevagen. Healthier brain. Better life. When i look at these competing bailout proposals in congress, trillion dollar package from the republicans, maybe 2 trillion, 750 billion from the democrats, maybe more than that, i keep coming back to the same thought its not enough both parties are thinking too small, way too small let me make this perfectly crystal clear. Were not trying to fend off a recession here were trying to fend off a depression yes, it is that bad. Lets stop using the r word and start thinking the d word. Theres a bill kicking around that can produce 2 trillion in aid for people in business, i say double it. This is a National Emergency i guarantee you no politician will be criticized for filing to do or spend too much but ill tell you they will be punished for trying to do little, especially in the history books. If we want the economy to bounce back rapidly when this is over, when we need to go above and beyond, this is the

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