Dow plunging and s p plummeting 2. 78 . And the nasdaq nosediving 4. 11 . Its tempting to try to learn something from the big bone crushers of the past so we can apply those bone crushers to the future two are alike but there can be similarities take the. C do. Com bust. The endless run from 1998 to march of 2000 followed by a rapid meltdown, what is happening here now, now that the nasdaq is 10 from size, im hearing about the buzz all day okay, the beat of 1998, the nasdaq stood at 1,585. 1,585. It roared to 5,100 by march of 2000 and plummeted to 3,155 by may. Fast forward to 19 year ago and a round trip to 1 ,585 it is your Worst Nightmare of course, there are horrendous sell offs. The 87 crash averages cut in half in a few hours time the financial crisis, dallas laid the waste from 14,000 to 6500 and the covid crash dow from 295 to 68 to above 18,000 march lows. Nasdaq sank. But its that rebound from the march lows thats drawing comparison to the. Com era the nasdaq surged 82 from bottom to its highs just in the last week. Okay for many portfolios managers around for the. Com era, this reminds them too much of 1998 to 2000 that move got so much fear its palpable you know what is the same . That is whats the same. Greed is the same. In other words, history doesnt repeat itself but it often rimes. We know there are lots of new investors in this market between the 1200 stimulus checks, the generous unemployment benefit through july and the Commission Free trading millions of younger people have been drawn to individual stocks. Generally speaking, i think its a great thing. It great there are more people trying to benefit from the greatest engine of Wealth Creation in history, which is why i welcome newbies and they initially werent greedy, however, rookie investors make rook rookie mistakes. If they got in during a bull markets, they didnt realize stocks can go down my friend at bar stools embraces the idea stocks always go up obviously, its tongue and cheek but you know what i mean me, well, you know what . I have too much history and history tells me to be worried about greed. I always figured if we got to a situation that looked remotely similar to 2000, i made a promise to you, the viewer, i would tell you to take some real gains. You cant just let it roll you have to take something off the table. Even if it necessary to get a bounce tomorrow, even if its not necessarily right here, look, look how far weve come. Greed. I dont like greed weve been through a hideous threeday losing moment. Three days is usually when the selling dries up, particularly for tech which has beared the blunt. I think they can rebound after a sell off in the morning. This little sell off, people panic, europe declines and then i think you can do a little buying but listen to me, even though were entering a seasonally positive portion of a terrible month for stocks, got to be careful. We have a lower opening tomorrow i know my travel trust will be a buyer, not a seller. Sold every tech. Something at every single tech stock we had including some weve all mentioned but i want to flush out my comments from last week not just because someone described me aslooking like a tomato. Which is deeply unfair to my beloved beefsteaks we need to circle back not just because i want you to be afraid but you have to declare victory on something, please now lets say we were at the horse races, put your money down go to the window if you bet on an nfl game, you dont let it ride. You cant. You won. Go collect dont ask me how you collect the stock market is different in the market it a different market. There is no window there is no collection the wager doesnt end until you decide to cash out thats eye im always tewhy img you to take profits. You dont want to get too greedy but be disciplined every new generation of investors seems determined to learn the lesson the hard way. They dont want to cash out. Their think guys like me are silly like i never did this myself they have no fear because young people think they are invincible so listen, if youre part of this rookie cohort, believe me, i get it you had these Money Managers telling you to stay the heck away from the market in march, april, may, june, july you made a fortune if you bet against them they were scared cats. You were the opportunists, you got it right but you can now get it wrong unless you ring the register on something. I dont want to be a scare mongerer here is what im doing have discipline. I expect this market to have a near term bounce and discipline means sell something that you rebound not because the sky is falling. It isnt letting your gains ride is insane by all means, leave something on the table and if you have spare cash, maybe you dodge a 10 decline do something but i do want you to play with the houses money if youre up huge. First, why do i say this because when the market goes up this far this fast, youre going to run into stocks that cant rally even when they report Great Results and thats what happened to all sorts of terrific over extended tech names last week including a couple youll hear from on this show whenever owe see that action, it means you have to do selling thats classic warning sign even if the companies are great second, right now were witnessing a rotation about a return to normalcy what is normalcy mean . More travel. The airlines are going higher. More dining out with chipotle and mcdonalds and more shopping so down and out retailers left behind did play catch up we have novak se vaccine yet ane one from astrazeneca was put on hold for an adverse safety event. You have to admit things are Getting Better in the economy. You dont think its weird we got a terrific employment number and caused the market to get hammered because big Money Managers abandon highflying tech stocks when it looks like business is picking up instead, they swap with companies that thrive. We call them cyclicals tech has gotten so big in the cyclicals, this rotation is crushing the average when we get back from labor day, politics becomes front and center biden is about as business friendly as a democrat can get he wants to rollback trumps corporate and Capital Gains tax cuts, lower earnings per share and lower profits, net profits to you whether or not you think thats good policy, it a concrete negative there is so much money in so few stocks amplified by efts those are people that are ashamed. It entirely possible for big declines in tesla, apple, microsoft, amazon, facebook to pull down the s p 500. Bottom line, when we were bound from this sell off, which i think we will because it does tend to happen, im insisting you take something off the table into a bounce. Not because youre afraid. Not because im afraid but because its rational. When you win big at the casino, you dont go all in. You cash in some of the chips and buy yourself a nice sweater or maybe if you really hit it, one of those brad pitt sports jackets. Wow. There is something bob in new york, bob caller hey, jim, how are you today . Doing well, bob how about you . Caller im doing well, i could be doing better, jim. The tesla has everybody upset. Tesla, tesla i have mentioned tesla once, three times. Go ahead. Caller im not going to mention it, either after the pandemic sell off, i called you and asked you if microsoft was in the same category as apple and that being own it, dont trade it your answer was yes. With an 11point loss today but a possible tiktok acquisition pending, is your answer with or without tiktok still yes its terrific thats the stock you buy tomorrow morning into a weaker opening. Microsoft is the company if you get that at 198, 195 would be sensational. If it opens here, i would do some buying. Let go to mark in michigan, mark caller hello, jim. Love your program. Thank you, mark thank you. Caller ive been buying ox dental petroleum and id love to know what you think and even oil in general. I wouldnt touch oxy, no. I mean, oxy is a dry hole. Dont touch that at all. As a matter of fact, i think thats actually a dangerous stock. And when i say a dangerous stock, that means you have to sell let go to jeffrey in massachusetts, jeffrey caller hi, jim thank you for having me on today. Ive been watching awhile and i love what you do today im interested in owning a new stock. Utv brands that underwent a special acquisition merger i want to own a relatively Stable Company with a great record over the years. Do you believe utz can with stand the pandemic and one i should own in my portfolio for the long term . I work with jeff marks at my travel trust and actionalertsplus. Com and i suggest we buy it after they came on the show its too small for the trust to own but i think youre on to something. I think that regional with those great potato chips and cheese balls, not kidding, is just going to be a fantastic brand to take across the country. Utz is for me. All right. This sell off begs you to learn from those of the past when we rebound from this hideous action it may be tomorrow morning after the opening we get the selling from europe this is when you got to go to the window mad money tonight is twitter interested in a tiktok tieup is working and hasnt worked during the covid19 index when it was, lets just say, going to shack you. Ill give you my take. Time to strike on crowd strike after an incredible quarter . I got the ceo. Stay with cramer announcer dont miss a second of mad money. Follow jimcramer on twitter have a question . Tweet cramer madtweets send game an email to madmoney cnbc. Com or give us a call at 1800743cnbc miss something head to madmoney. Cnbc. Com. We got no free pass. Everything we have, weve earned. The unmistakable lexus is. Get zero percent financing on the 2020 is 300. Experience amazing at your lexus dealer. If i could, baby id e how can i, when you wont take it from me you can go your own way go your own way your wireless. Your rules. Only with xfinity mobile. What do we do with the high flying social media stocks now that the nasdaq is getting hammered consider twitter this is a stock cut in half when the pandemic first hit and everyone freaked out about advertising. Twitter plummeted to 20 in march but last weekend surged more than 120 to a new high of 44 and change. That was a remarkable move especially since the company had a high profile Security Breach in july and reported not so hot numbers a couple weeks later none of the negatives mattered at least until this latest tech sell off including todays 4. 2 decline. I told you to take profits in the winners because before i went on vacation a week and a half ago what do we do with the stock is it a temporary pull back given the daily average user is great or people looking at earnings lets check in with the cfo of twitter to get a better sense what his company is holding up welcome back to mad money. Thanks for having me. Congratulations on the strongest user growth off the carts best in show since the company came public. How did it happen . We were thrilled with 34 year over year growth in daily active usage we went to 186 Million People using twitter on average ever day in q 2 this is from the steady drum beat of making the product better every day that means making it easier to be part of a conversation. Now you can follow topics where we do hard work for you to find things youre looking for. Can we continue to believe then that the july trajectory included august . Well, we were really pleased if you look at all of q 2 that we held on to that big surge that we saw in march where a lot of peoples habits changed because of shelter in place rul rules. They kept coming back to twitter whether it was 150 Million People around the world coming to covid19 resources or because they want to do a watch party about the last dance this stuff was great that people were able to find what they were looking for on twitter and well keep working hard to make the product better and better so they come back. You know something, ned youre the keeper of the finances i was pleased to see that you had approximately at the end of the quarter a long 20year note. 7. 8 billion in cash. You got great code writers and smart management, time to buy tiktok. Well, i know there is rumors about us being interested in tiktok this is one our 13yearold daughter has been asking me about a lot. So first ill remind you a year and a half technology and products seller are priorities any time there is something you shouldnt be surprised if you hear our name mentioned. They would love to be it. Your 13yearold is going to be proven correct. Anything that will help serve public conversation better is helping us make sense what there is to partner around. Thats not a denial i like that. Let me ask you about something you care passionately about. You said you dont take political adds and try to fact check the president. Why not make it so no candidates, whether either part running for president cant tweet for six weeks. No fact check because there is no tweet. Jim, our purpose is to serve the public conversation. That means whether its about baseball, politics or Something Else that people are passionate about, we want people to be able to see all sides of a conversation we want them to be abole to be part of the conversation and opine. If people werent able to tweet and they were following our rules, we feel like that might take away from the conversation as opposed to contributing to it were really proud of the evolution of our policies and how weve been able to enforce them consistently to build trust with the people that use twitter and content partners and advertisers. Fair enough you know i dont like to get together with you without bringing you something because you always bring us something and i appreciate that. Ill solve your problem about nonad revenue youre going to do gambling. You tell people over and over again if youre in the stadium, you know what people want to do . They want to gamble on football and fantasy. Will you give it to us and well pay . Ill tell you one thing we have noticed during the pan dell ma pandemic is were the stadium for sports for the nba, the watch parties people are doing around sports related events, all of the conversation amplified on twitter because people cant be in person for the events, were always looking for ways to contribute to that conversation. Well probably start in other places, jim. We talked about subinstructions for consumers and for businesses i want your restaurants to be able to have a presence on twitter which wed be delighted to take your credit card to help you stand up but we got work to do first before we think through the opportunities. Our mayor wont let them open, which is often bad for business but lets talk about this small, medium size business jack says you want to do it. Youre not there yet you got to get more small, medium size with direct response where are you . Thats great revenue i think youre letting a lot go to sarah fryer next door get some of that for yourself. Sarah is doing a great job but we think there is a lot of room for all of us to help Small Businesses find their customers. Weve done work over the last year and a half to rebuilt our ad server. Thats the foundation for all of our work around ad products. With that work behind us, we stashed Small Business work where well help them find customers on twitter and help them launch their campaigns easier than the past we really havent resourced this the way we should have in the past and as we put more resources against these things, i think it will bear fruit. Advertising, its pretty much a bargain. Prices have gone done. I dont care whether its for movies or drive ins or something the virtual conversations. This is a great time to advertise. Youre getting a lot more bang for your buck than you did two years ago. A couple things happened. We have a much larger audience n now. Direct to your video service, there are fewer ways for you to reach your customers where they can click through and participate. Youre doing live watch parties for trolls, for the last dance youre finding other ways to get people to download your app so that you can interact with them. Ill give you a great example. When sony launched playstation 5 they had 90 more tweets and got four times the reach they would have otherwise expected. Thats a game changer relative to where we were just six or nine months ago. Ill give you another game changer. When you did that Machine Learning Artificial Intelligence to spot the people abusive as someone who tweets a lot, thank you. It cut it down dramatically. Ill never understand, but you did it congratulations. We feel really good about the impact weve had on people who use twitter a lot where were challenging three times as many accounts a week as we used to where were detecting the behaviors of spamming suspicious accounts and removing them and preventing them from amplifying things that dont deserve amplification. It gives everybody a better experience and allows you to trust information you see and makes you feel safe being part of the conversation. I want to talk about go back to the notion thursday night is football, right . How do you envision this year on twitter that thursday night game versus two years ago well, one great thing about twitter is were a companion to the game you can be watching the game on your screen and looking down and since youre not at the stadium, since youre not at the sports bar, this is where you interact with experts its where you get to interact with your friends and fans and where our teams may be playing each other, we can interact with each other and sometimes we can learn something we didnt know sometimes well hear a different perspective and other times we may be ripping each other. This constructive dialogue is just like being at the stadium two years ago that was still evolving it was evolving with the smaller audience it was evolving without the leagues really appreciating all of the ways they could leverage twitter as a real partner in a Second Screen for them. Its working, ned i want to thank down again congratulations on the dramatic increase in users. You deserve it i know how hard you work cfo of twitter glad to see you, sir. Thanks, jim. Mad money is back after the break. The lexus es. Every curve, every innovation, every feeling. A product of mastery. Lease the 2020 es 350 for 359 a month for 36 months. Experience amazing at your lexus dealer. Experience amazing im a verizon engineer. And im part of the team building. A powerful 5g experience for america. Its 5g ultra wideband, and its already available in parts of select cities. Like los angeles. And in new york city. And its rolling out in cities around the country. With massive capacity. Its like an eightlane highway compared to a twolane dirt road. 25x faster than todays 4g networks. In fact, its the fastest 5g in the world. From the network more people rely on. This is 5g built right. Only on verizon. With the icon that does the same. The rx, crafted by lexus. Lease the 2020 rx 350 for 409 a month for 36 months. Experience amazing at your lexus dealer. We know tech is getting selfed for three days in a row but this decline is after a period of a spectacular out performance i talked about at the top of the show. Not long after the pandemic ground the economy to a halt, we created the cramer covid19 stocks we thought could thrive in this new world. We put 100 stocks into the list but you can break them down into two groups ones that benefit from the stay at home economy and ones that work in a recession. It was when unemployment was 15 . Five months later the work from home storks have given you extraordinary gains and the traditional slowdown stocks laid on egg this is important dynamic. We got to do teaching herement w why i want to drill down many of these stocks pulled back hard today and some are pretty darn good. The best performer is fastly with a stock down 250 this is a content delivery network. It ensures things can move slowly over the internet, high profile clients, amazon, new york times, pinterest, stripes, slack, shopify fastly is still very ex ppensiv here, number two is livango. Digital health coach for a full Service Online Health Care System now, livango helps people with diabetes and hypertension to live healthier lives so covid is huge because those are major risk factors senior doctor via video chat rather than in person, i love this combination no wonder they are up 200 since we created the covid index peloton is up 170 a lot of people were skeptical of the company but with gyms closed, the best way to workout. They have a new bike, stock up 6 today number four is square. Up 124 . This Payment Technology stock is gaining adherence because Money Managers want minimal credit risk and want something that enables Digital Payments ive been pushing square since 12. I cant like it as much at 130 now if the paycheck Protection Plan is ending they have an amazing payment echo system but Small Businesses are bad clients to have right now. The big banks act horribly because of credit risk and to make money with Interest Rates this low fifth is zoom. Incredible number one. 2020 is the year of zoom they are making the kind of money nobody expected for years. They have gone from zero to household name in the blink of an eye zoom is here to stay six is tulio this is an Enterprise Software that helps communicate with clients and make it easier for lyft and airbnb to send texts. Up 97 partners by the way often with crowd strike eight is docusign. After the recent shellacking its doubled since we created the index. It makes it possible to sign contracts, fabulous work from home play. The quarter was amazing. Nobody cared nine is day of the dog, a fabulous Analytics Company and ten, wix. Com helps Small Business create the websites they need. What do the winners have in Column Technology companies that help us cope with the pandemic and while they have all been crushed, many can bounce how about the losers from the cramer covid19 index . This is what ordinary. Gilead, the maker of remdesivir, a treatment for covid down 20 counter intuitive, sure. Centene down 19 in this tough group to earn is eli lilly all the storks are performing horribly including j and j cherry on top is Campbell Soup didnt matter. It feels like the great stockpiling is over. Im not sure i think we traded a generation to feed themselves at Home Supplies much more than demand but, you know what there is not enough demand for campbell stock what is the take away . It makes sense, makes sense because the recession stocks are untouchable when you have unemployment from 14. 7 in april to 8. 4 in august. Housing and air travel coming back but the pandemic is not going away and that means all these d digitalization stocks are picking the pull back and thats where you accumulate the fallen. My sitdown with crowd strike likes to work with z scale and another tough day for tech stocks im wondering if it wort to be opportunistic and the business of reopening im going one on one with the governor of rhode island the small state and beyond she wants masks mandatory and all your cars for tonights lig. Stay with cramer incomparable design makes it beautiful. Stateoftheart Technology Makes it brilliant. The visionary lexus nx. Lease the 2020 nx 300 for 339 a month for 36 months. Experience amazing at your lexus dealer. Are a major security concern. Cdw can assess your needs, then design and implement a secure Mobility Solution using the hp elitebook powered by intel 8th generation core processors. The hp elitebook features groundbreaking builtin security, like sure view to thwart visual hacking and cdw configures them to your companys specs. For mobile security, you need hp and it orchestration by cdw. [intel jingle] everything we have, weve earned. The unmistakable lexus is. Get zero percent financing on the 2020 is 300. Experience amazing at your lexus dealer. After yet another hideous session, terrible, is there perhaps a light at the end of the tunnel many high profile tech names got clocked at the open and rebounded substantially from the lows we saw it with sales force and zoom but the best one . A cramer fav crowd strike. The cybersecurity with a stock that plunged 5 for turning around and closing the day in positive territory we know the cybersecurity stock haves been huge winners since stay at home economy this is one of the changes that wont be rolled back even once we get past covid. Beyond that, crowd strike has a major ace up their sleeve. They reported a quarter delivering 90 Revenue Growth surprise profit, raised full year forecast and reported before the huge tech sale off so the stock got run over trading at 142 before the quarter and 125 after todays slight rebound. This is still far from cheap id like more. Its the action today suggestions the weakness should be short lived dont take it from me. Lets dig deeper with george, the cofounder and ceo of crowd strike learn more about the quarter and his company. Welcome back to mad money. Good to be here, thanks, jim. George, this say remarkable quarter and the reviews are in David S Davidson unmatched growth and piper records made to be broken. Jpm, other than zoom there is the most impressive quarter this earnings season has seen. What explains how you have visibility and almost no other company does well, as we talked about in the past its security being a must have whether youre at home or in the office, you need security and weve seen certainly companies go through a Digital Transformation process focus on security and they have taken a step back and say if you are going to have security Digital Transformation, you have to have Security Transformation and thats really what weve seen security chantransformation. The companies i want to be most affiliated with are Amazon Web Services and zoom. They are great partners of yours, arent they they are. Weve been a long term partner with aws, great technology, great market with them and really excited to continue along. We got great features. Take a look at that and also zoom part of what i talked about on the Conference Call is crowd strikes ability to protect crowd strike workloads and when people look, they focus on desktops and everything is serv. We have one of the most robust and advance offering in the industry, which is why zoom picked us to protect their critical infrastructure. Pokemon did video games and cybersecurity . This is a big business, isnt it it is a big business. If you think about everyone staying at home, they are playing video games. There is a lot of currency that happens online with video games and obviously, you know, a hot topic right now. Protecting those critical infrastructures for video games is as important as protecting infrastructures for other Industries Like Financial Services lots of money moving around and technologies need to be protected. George, there was a chilling number in your Conference Call you stopped 41,000 potential breaches in the first half of the year who is doing this . Can we find them can we arrest them can we stop them i wish we can find and arrest all of them. We break it down into three categories yo you have nation state actors and e crime, these are the cybercrime folks that are encrypting your hard drive and extorting you and people trying to make a statement. I can tell you one area where we really seen an increase is in e crime. Lots of companies that have antiquated technologies, outdated signature technologies getting encrypted and having to pay ransom to get their data back its a big business on the internet now. If i know who it was, would i recognize names because its kept pretty secret. There is a lot of groups out there obviously and a lot of countries involved in this its the usual suspects. What people dont realize again is how organized this is actually have multilevels of support, bilingual support, videos to be able to pay in bit coin most people dont have any idea about bit coin they make it easy to do that. When i see, for instance, there is an airline. Airlines are strapped. They went i dont know which one because you were private about it they went and hired your during a period where i dont think they have any money to do anything this is imperative for an airline. People hacking getting my ticket well, absolutely. This airline switched off a vendor on premise. Wasnt meeting their needs, and they wanted to go to the cloud and really what they wanted to do was save a lot of money big part of our sell is roi. We can have three, four, five different agent technologies and get pay back in three to six months in a cash strapped industry, we have shown we can sell security because its a better value proposition. Lower cost overall. I know i saw the acceleration in revs, some people said well maybe its this 55 you did not have the billing growth to equal to the revs so therefore there will be a slowdown i think that given the fact you gave guidance, thats impossible am i right well, the thing is, jim, we focused on arr we dont manage the business billings is a proxy to get to arr. Were giving you arr thats reoccurring revenue, people. So from our standpoint if you look at the rpo and look at the backlog, they are up triple digits you need a record arr growth for the quarter. I could not agree more. People are looking at anything else frankly, just trying to justify why a stock went down when you have reported the worst day of the year. Well, you know, timing sometimes is in your favor, sometimes isnt. Were focused on long term and ups and downs, doesnt make a difference to us we continue to build growth and have happy customers and Record Number of customers this quarter, which is really what matters. Look, remember, it may be opportune for those who dont own the stock. You want them in the stadium congratulations on maybe the best quarter when it comes to the reoccurring revenue. Good to see you, sir. Great to see you, thank you. Mad money is back after the break. What if you could have the perspective to see more . At morgan stanley, a global collective of thought leaders offers investors a broader view. We see companies protecting the bottom line by putting people first. We see a bright future, still hungry for the ingenuity of those ready for the next challenge. Today, we are translating decades of experience into strategies for the road ahead. We are morgan stanley. Is the people you share it with. Tmobiles new offer on iphone better into strategies for the road ahead. So right now switch and get two new lines of unlimited for only 90 and get 2 iphone 11s or 2 iphone 11 pros on us. All on tmobiles most powerful signal that goes farther than ever before. Hurry into tmobile now and get two iphone 11 s or two iphone 11 pros on us. Only at tmobile. Every curve, every innovation, every feeling. A product of mastery. Lease the 2020 es 350 for 359 a month for 36 months. Experience amazing at your lexus dealer. Before we start the lightening round, i want to draw your attention to a special eventmoney called the path forward, race and opportunity in america i do not want you to miss this jon fortt and andrew are tackling Critical Issues with brilliant mind sos please, be sure to tune in 7 00 p. M. Eastern. And now, it is time, it is time for the lightening round buy, buy, buy, sell, sell, sell and then the lightening round is over are you ready ski daddy . Lets start with howard in illinois, howard caller jim, a big booyah from chicago. Cant beat that cant beat that. Love chicago. Caller my question is inviva they make wood pellets. I do worrywhen i see that 8 yield but yeah im in favor of what im seeing in california, im all in on these enveer me t environmental stocks ryan in california. Caller how are you good, how about you caller im running high strung here in connecticut i am calling about first, thank you for having our back. Thank you, man, thank you caller im high strong because i have ehph. Its made a run from 50 to 150 and in the last two months, it nearly cut in half from the highs. Yeah, we had them on. The ceo bought stock but it was coincidental the ceo was quitting at the same time, it gives notice but announced after the interview and it raised eyebrows how about that lets go to cliff in new york. Cliff . Caller hey, mr. Cramer, this is dr. Cliff from the beautiful mountains in sullivan county, new york. Fantastic. Caller im the last of the country doctors but a firsttime caller requesting your expertise. I heard from some colleagues about a company im thinking of buying stock in. Its a very recent ipo nanno ex imaging, nnox. Yeah, this is very new and ive got to do some drkoc, i cant cough thuff this im going to give you more than just a cuffed answer that sounds good i will come back and thank you how about zack in florida. Zack caller booyah jimmy chill. Booyah. Caller love the show curious what you think about 1800flowers. You know. Its always out there doing a good job i mean, what can we say . Every time i said its not worth owning, it continues to go higher its not that expensive of a stock and its coming down but its eh to me. I wish there were more to it how about evan in massachusetts . Caller hey, jim, welcome to the jungle, how are you . Good, how are you caller i have two questions about lulu first, the margins after watching nike ditch to stream line the directed consumer channel, do you see lulu maintaining higher margins moving forward here is the problem i tell people to listen to the Conference Call. Im doing this show while the Conference Call is on. All i can tell you is the headline numbers were good but thats not enough. You deserve better let me listen to the call tonight. Ill come back and well comment tomorrow alex in pennsylvania, alex caller b, b, booyah jimmy chill. Hey, man. Caller long time, first time, im a ma leillennial and interested in your thoughts buying, selling or holding camping world . Now the stock did go up 10 today on one single push that said, they are in the sweet spot and that, ladies and gentlemen is the conclusion of the lightning round. Announcer the lightning round is sponsored by td ameritra ameritrade this piece is talking to me. Yeah . So what do you see . I see an unbelievable opportunity. I see bestinclass platforms and education. I see awardwinning service, and a trade desk full of experts, available to answer your toughest questions. And i see it with zero commissions on online trades. I like what youre seeing. Its beautiful, isnt it . Yeah. Td ameritrade now offers zero commissions on online trades. With the icon that does the same. The rx, crafted by lexus. Lease the 2020 rx 350 for 409 a month for 36 months. Experience amazing at your lexus dealer. I got it all from you im always pushing through i know well make it to the finish line i know youre waiting on the other side im like you ondemand glucose monitoring. Because theyre always on. Another lifechanging technology from abbott. So you dont wait for life. You live it. Welcome to the most dangerous back to School Season in history i know everybody, everybody wants things to go back to normal but the last time we lowered our guard with the pandemic, we got a huge outbreak in the south and southwest america has not done a great job of handling covid19 hoou however, when you zoom to the state and local level, you can find plenty of Success Stories we need to learn from. Which brings me to gorhode islad to contain the first wave of the virus and thats done a good job of keeping infections down since then given the close population that, well, lets just say its probably number one in the country. Rhode island has a plan to safely reopen schools next month. Lets check in with the former venture chapelesapitalists to fw out how our country can go back to normal responsibly. Welcome back to mad money. Happy to be here. Terrific. Im so glad to have you because last time we had you on, your we far ahead of the game. You insisted everybody wear masks. Now youre taking another step forward. A crisis is a terrible thing to waste. Tell me about this amazing back to work program and what it means for people that may not have credentials but may have skills. Yeah, what it means is a job. So its more than just the traditional train and pray, you know, train people and pray they get a job. This is a serious solution to a serious problem, jim you know as well as i do that we have millions of americans out of work. Tens of thousands here in rhode island and many of them are folks that were already left behind maybe they only had a high school degree. Maybe they didnt have technology skills. Maybe they struggled, took some time out of the work force to take care of a child these are the folks hit hardest in covid so were using covid relief money to partner with companies, companies who are helping us design the Training Programs and here is the key piece of it. They are promising and pledging to hire the folks that come out of training initiatives. So the big difference is there is a promise of a job at the end of the training. All right so when i see Companies Like twitter on earlier, sales force, amgen, i think advanced degrees. Why even bother . These are companies that if i dont have a famasters, forget about it how can you convince them your people are worth hiring . Thats the secret sauce of this. I spent a lot of time with the ceos they are hiring thousands of people for jobs that dont require a College Degree digital backbone jobs, Customer Service jobs, some hr jobs, sales jobs you need training. You need technical ability you need digital skills. You absolutely need additional training, credentials as you said but you dont necessarily need a College Degree and you also need to know some critical thinking, how to show up at work on time, some essential skills, soft skills, thats the stuff were training them for. By the way, we went to the companies and said where do you have open positions . What do folks need to know how do we train them they developed training initiatives with us. Its a very collaborative Publicprivate Partnership and were providing support Services People cant stop their life to go get trained to get a new job. If you need a hand with child care, you need a hand with financial coaching, you need a hand with resume building. Were providing that support in addition to the training and im committed to getting thousands of people back to work because frankly, these companies have open positions. You know, you talk to any ceo in america, they are struggling to find the talent. It is a win win. Okay, so governor, this is obviously a nonpartisan move just like what you did in terms of keeping covid down in your state. Do you go to washington . Do you go to Vice President biden and secretary mnuchin and say this is my chance. We can do this well take 8 unemployment down to 4 and give them your plan because your plan does not say and we need a democratic cont contin contingent to run this. Ive talked to Many Republican governors this is not politics this is a brutal reality there are millions of americans struggling they want to work. They have the talent to work maybe they drop out of college because it was too expensive and if we dont get them retrained, they will have decades of unemployment and it will stunt the growth of our economy because businesses cant grow unless they can hire the talent that they need when they need it so to me, this is just a smart thing to do to get folks back to work. Federal response versus state response so far . Im sorry, jim . What do you think of the federal response versus the state response so far in our country . Is there a federal response you tell me. I dont see much of a federal response, which is why governors like me have to do what we need to do, which is get the job done i reached out to business and labor and said come on were not waiting for the federal government to get their act together lets get to work right here in rhode island and put thousands of people back to work. I got a quiz for you. 30 cases what is 30 cases right now back to school back to school 30 cases. The number of cases you have in all of your colleges in rhode island is only 30. Its the lowest ive found, brown has one. 17, is this because of what you have created, which is an atmosphere where we basically say if youre going to rhode island, you got to get tested and wear a mask or get out. Well, i definitely cant take all the credit the University Partners here, the College President s have been fantastic partners but were on the phone with them all the time you know, i personally will get all the College President s on the phone and say if you want to reopen, here is what it has to look like. And were working hand and glove with them to have testing programs, contact tracing, mask wearing, by the way, crack down on the partiers. Weve been clear if kids want to paris on campus, they will be suspended or face punishment so anyway, the credit goes to the College President s and the fact they have collaborated so well with us. Ill call you too humble but i like that idea to give credit because doesnt cost anything. Thats Rhode Islands governor shes so far ahead of everybody else this makes you kind of shake stick with cramer. Ging the way things get done. Like how we redefine collaboration. How we come up with new ways to serve our customers. And deliver our products. But no matter how things change, one thing never will. You can rely on the people and the network of at t. To help keep your business connected. Makes it beautiful. Stateoftheart Technology Makes it brilliant. The visionary lexus nx. Lease the 2020 nx 300 for 339 a month for 36 months. Experience amazing at your lexus dealer. Lets take a breather here to talk about something so cred critical for our country coming up next, my friends and cnbcs best jon fortt and andrew ross are taking a closer look at the under representation of black workers in america. Talking potential solutions, ideas, and where we can go from here race and opportunity in america is a must watch and its next so do not go anywhere, please i know im going to be watching. I like to say there is always a bull market somewhere and i promise to find it here on mad money. Im jim cramer the path forward, race and opportunity in america starts now. Forward. Race and opportunity in america. Next on cnbc tonight as tensions overraciove over racial divides in this country heat up, a closer look at corporate and each person has the opportunity to reach their full potential do black americans have that opportunity today . Well look at the data, get insights and ideas from ceos and investors and launch a conversation that moves beyond politics to progress and potential solutions. The path forward, race and opportunity in america