Hey, i am cramer, welcome to mad money, i am trying to make friends, i am trying to save you money. Call me, 1800763cramer that was unsustainable today we learn nearly everyone loses when the president acts and slamming the market. A crushing disappointment. And anyone who lost a job may be on the verge of losing a job you have to wonder what will happen to the 14 million odd people and the family working in the Hospitality Industry lets just say inhospitable. I care about the small and immediate size businesses and workers that are going to be laid off Speaker Pelosi and mnuchin is making a lot of progress and getting a lot of phone calls, getting close to a deal. Speaker pelosi echoes after the president stops negotiations but it was too late. Trump tweeted, he was adamant and hell put a better bill after the election all right, whats really going on here . Thats the rhetoric. We all heard the rhetoric, right . The president is taking a calculated risk, betting the economy stronger than most of us believe. He touts it every chance he gets including a couple of tweets today. Thats why i told you the senate was never on board if you cant come up with a compromise before the people going to the polls, i dont know it will be easier doing it a month from now Small Business owners hold on after the election Airlines Make ing it from their losses or renters who cant afford to pay landlords or the state governments that are bleeding from their eye balls because of the pandemic. Stimulus bill today is better than months from now although i say this as someone who just had to close his restaurant because it is impossible to make money so whats the point the president s aides are conscious that many of the areas of the economy are red hot right now. Theyll stay hot regardless of what the government does the economy that needs help are Small Businesses they dont trade publicly. The president could tout in his tweets that we are record highs although we are a little off particularly after today how about the part of the economy that are well, these are the ones that the president is right, they dont need help as long as we have to live with the pandemic, people will move from the city to the suburbs the market is red hot. It does not hurt the marge rate very well. If you still have your jobs and you can work from home, you can buy a nice place in the suburbs and fill up with great furniture and fire pits. You are going to be stuck all day there so why not regardless of the cold and build something outside your house, thats what a lot of people are doing. I like the housing and stocks here lowes and home depot, the only thing thats stopping the Housing Market are major down employment neither of those seem likely i am going to stress once again so people understand that there are something in here and besides an under shirt, if you have like a heart, you would know that you will only get to take advantage of the housing bull market if you have a job. If you dont you cant get the loans. I am conscious though. Wow, what a bozo heartless cramer i live in my car, i would have loved a loan home depot and lowes they benefit. Theyre now donors these guys take advantage because they get theyre donating smaller guys who needed the stimulus are donating it to them you cant get stronger than these guys so much of the competition to fold. The mom and pop retail may be bad for the country but phenomenal for these folks the collapse of the Small Business advancing in ten years, i say with a smirk no stimulus means no people have to trade down the cheaple store. Just like carvana and autonation and carmax they are what you need if you move away from the city and you take the dreaded mass transit. If you want to stretch the field, buy some coford if you have enough money, guess what lay back on your peloton machine. You worry about covid, most people are still are then you are using the internet for most of your shopping the pull back gives you a trip, buy amazon there is a reason both fedex and parcels are holding up today at least if you have regeneron dont forget the restaurant chains that are pivoted to take out deliveriedeliveries, they ag it with no stimulus to keep smaller restaurants afloat these chains are the last man standing in the industry, not good for my diet but good for their stocks all that says, i dont mean too good here. We can use that stimulus package. Without one numbers will have to come down from a whole host of companies but not technology most tech supports the enterprise and not consumers enterprise is doing quite well you can watch this a bit in tech stocks and pick up some wages. They go down and tomorrow everybody is scared to buy them and by 3 00 tomorrow, theyll be okay and theyll start picking and the next day they are fine some people argue a lack of stimulus means we are headed for a recession. I dont think thats true as long as we are headed for the year you buy pepsico or Campbell Soup regeneron when it comes to the compelling recession, there they are. Dont out think of it. We are living in a twotale city economy. The part thats hurting does not matter to the economy. The part thats working is the publicly traded companies. We have a vshape recovery in housing and autos. Auto retails are not even experiencing a downturn. They have enjoyed an essential upturn because they are essential. All the little guys are not essential. All these work regardless of what happens the same for covid19, they all did well today the pandemic is flaring up again. The president may have ripped his mask off yesterday, most of us will be putting them on extra tight this fall. The bottom line when it comes to the rest of the economy, what can i say . You cant buy stocks where businesses are about to go under here that will pain isra real. Thats no longer in the carts. Lets go to denise in minnesota. Jimmy joe i will be chilling. This retailer is entering its busy season, it reported earnings beat of 38 cents. Ecommerce up 350 these numbers seem to get loss at the september selloff. What do you think of michaels mik . It does not havs like bed ba beyond k costco and target. Lets go to shalom in california shalom hey, jim, shalom from pasade pasadena whats going on, my friend. I would like to know what you think about energy what do you think . Shalom, this is as great story, it is the best growth stock utility i have seen in my career i suggest that you continue to buy Nextera Energy it is a remarkable company how about lendin in new york. Jimmy choo, booyah. Earlier in 2018, you recommended trading about 18 i bought and sold a number of times and i am now playing with the houses money. The last two months the stock is gone from 60 to 121 today and the only news i saw was northern c Capital Market with a 200 price target, what gives, novocure a friend of mine passed away, they called me he was going to die a couple of months and he used novocure and he got three extra years of life. All the machines of interim got better and better. Wall street is too cynical to realize that this company is a real deal. They miss out on 100 points. You didnt i like it. I want you to over think it, i got some winners here. Every one of these companies can do well in this newfound no stimulus economy there is the p of public. I am sending you down with the ceo. I am talking to the ceo and with the elections just 28 days away. I am talking about protecting the integrity of the results dont miss my sit down with the red hot clownfair dont miss a second of mad money. Follow jimy keeping your oysters growing while keeping your business growing has you swamped. While keeping your businindeed you do. The moment you sponsor a job on indeed you get a shortlist of quality candidates from a resume data base so you can start hiring right away. Claim your seventyfivedollar credit when you post your first job at indeed. Com promo i keep telling you the weak point of this economy is small, medium size business we need to know how they are holding up well, you know they are having a rough time earnings are down double digits. The numbers came in well ahead of expectations. The stock got dinged, 42. 5 . Last time paycheck reported, they delivered good numbers and the stocks got slammed it is still more than 10 as we last spoke to management in july management was down since, could that pattern repeat itself lets check in the kate snow of paycheck welcome back to mad money. Thanks, jim, it is great to be here. In the Conference Call you said we dont expect stimulus. If you were lucky, you got it. You have done a number of things that we should not link you to small, medium size business. I think we should link you to technology and mobile platform these things have changed the way we should think of paychex you are a Company Controlling its own destiny. Well, i agree with that, jim. Of course we talked about it and the technology and investment that we made positioned us to be a tech leader and innovator. You are seeing that in the response of covid over the last two quarters were proud of the fact that we were introduced of the first payroll report, it has been accessed from our clients and estimators for loans and forgiveness and we accepted that to help their krient clients we are proud of the innovation that we put out and personalize service as well if you need it also, before we all panic the federal government not doing stimulus there are some states that are doing quite well you talk about how frankly florida, florida opened up entirely i dont know how thats going to pan out. Right now if you keep the economy open, it seems like your state can make a lot of money. Florida has been solid on job growth the best numbers they are still down from last year florida continues to be strong and has the high index and our business index that we report monthly. Construction is giving that strength, residential and commercial there is a real exodus towards florida and the south and it is helping a lot with construction. Well, now if we have good hou housing and it is mostly used and people are moving out of the office from the city to the suburbs, lack of stimulus may actually be okay well, i think so. Stimulus would help Small Businesses and medium size businesses about 80 are getting to their first loans and looking for more flexibility and more loans to help them out. About 40 we are looking for additional stimulus, we are going to get that and unfortunately it looks more like november but even without that, we have seen a number of businesses come back that we had not seen suspended and now about twothirds to three quarters of those are back processing payroll and for a fewless employees and i think thats going to continue to build you did see in the Conference Call that you think the recovery jobs will be slower than the last three or four months. Yeah well, thats true, i think it is progressive it is continuing to happen and we saw a great bounce back in may and june and it began to slow down. It is coming back and we are seeing more Small Businesses in particular and employees, jim, as you know we have seen new business starts of 20 over last year and we are selling a lot to a lot of businesses that are out sourcing for payroll and h. R. For the first time ever. Lets talk about coloration and new businesses, what kind are they and where are they geographically yeah, we are seeing them and spread pretty widely geographically, mostly in the south and west but it is spread out quite a bit. It is really all different sectors of business, you know leisure and hospitality got hit the worse. Right you talked about it a number of times and finding new ways to take opportunities in a covid environment and remote work force and really turn them into something. We have seen the best payroll sales unit growth in over five years in this quarter because of so many business out sourcing payroll and new businesses thats incredible i was worried of temporary lay offs becoming permanent lay offs i dont want to say the glass is half empty i feel like i should be talking about Glass Half Full when i am speaking to you. A lot of our financial indicators are down verses last year as you started the call we really seen much better recovery in our first fiscal quarter ending in august than we expected we expect that to continue through the Second Quarter and on you know it is hard to predict our Fourth Quarter in the past spring of next year. We are seeing a much better recovery, it is the technology and investment that we made and we have products that are perfectly positioned for remote forces and those coming back to office here is something you can wear a mask and punch in and punch out. If you are coming back to the office, if you are staying remote, you can punch in and out on your watch or your phone. These are things that are happening the next three to six months that could matter, right . Yes, it does. I think we continue to build out our selfservice where you can sign on in a paperless environment, everything is paperless from hiring and h. R. And handling everything, electronic signatures can be paperless and remote you will be able to frankly as an employee ask your phone or google or siri when was my paychecks and what did i get paid and a lot of new investments and innovations coming that i think will really position us and position as well in this environment and future growth of paychecks. We always talk about reinvention, it is shopify and inventions are people working at home the reinvention is people knowing siris and asking alexa questions. Unlike us, wow, thats kind of cool thats their lives it is their lives and the innovation is what has helped us with our past investment to do so well and recover in this environment and it positions us well in the future as well this is the future it is here a lot faster. Thank you, marty. Paychex, every time we say this. Every time it comes down, you have to buy th my father always reminded me, a good education takes you many different horizons and that sticked to my mind. So, when 1 a day came out, i said, why not . Why not just utilize that resource. And walmart made that path open for me. Without the 1 a day program, i definitely dont think id be in school right now. Each week for me in school is just an accomplishment. I feel proud every step of the way. In other ways, well. Any questions . The good news is. Weve learned, we can do this. Turns out when were hitting our goals, nobody cares if were wearing pants. So no matter what comes next we can work better do better this is going to work. But before we sign i gotta ask. Sure, anything. We searched you online and maybe you can explain this . I cant believe that garbage is still coming in. That is so false frustrated with your Online Search results . Call reputation defender today to join tens of thousands whove improved their online reputation. Get your free reputation report card at reputationdefender. Com or call 18778668555. We are back in a minute. All right, now more than nine months into a apocalypse year hurricane is slamming the southeast. You cant make this stuff up generac, they are known for their inhome power generator. The stock had a 78 gain since we last spoke to the ceo in march. Stores are essential for renewable. Generac did it again with the news they are buying enbala. Lets take a look at the chairman ceo of generac. Welcome back to mad money,. Thanks for having me, jim, it is good to be here i am going solve solar panel coming to my house and i am going to be able to make money and selling it back because of enbala absolutely. It is going to enable the decentralization of the grid we have been talking about this now. Electric grid is changing. We are going from this centralized legacy model with wires and power plants to a much better decentralized and digital type of network, it is less c carbon intense okay, i buy genera kr and i get tc and i ge the enbala system. What happens our energy store devices and what enbala does is a Software Platform it is a cloud based. It enrolls those assets. They call them der, into their platform and that platform can aggregate those assets into a Virtual Power Plant configuration and that power plant can be use by the local utility and operator allowing the utility and operator to tap that resource otherwise that generator would be sitting there really not being used too often and in frequent use type assets this allows it balancing out the grid for all kinds of disruptions that can occur i dont typically mention d advertising because it happens and we are not supposed to watch it i imagine the cost so it is a fair game. Your commercials, my wife is attracted to actually kind of talks about the notion of return on investment, most people dont haves commercia have commercials about that. In english that you do it. You are building a mode with these ads. We are. And really those original advertisements that we are doing is all about peace of mind you are buying an insurance policy protecting your home and family when you get that product, you get an outage with the hurricanes or wildfires or storms or whatever thats causing that, if you have one of our products, you are protected, the lights are on and heat is on and whatever you need, you got it it is never been nri product this is enbala now, i can turn that message around and tell you not only you can get peace of mind from that product but you can use it to recoup and save on your energy cost and it turns it into an nri approach if i am in california and they are dimming the lights so to speak like we expected in a lesser developed country frankly. They must welcome Natural Gas Based generac that gives them power when they dont have power . Absolutely. California everything thats going on out there and aside from the wildfires, what you saw was the effect of renewable push thats going on with the grid. We are changing the grid and well make it less carbon intensive which is great renewable are intermitten. There are days when the winds are not blowing and the sun are not shining. When it happens, capable of being called upon by the local utility to help su supplement, e had the heat wave and they get dark when the sun goes down, they ran into a serious issues in terms of supply and demand what they can do is take those despair assets, der and they can aggregate them and put them in the grid and that helps stabilize things so we dont shut portions of power to homes and businesses people dont realized how big this acquisition is. It is incredibly important and it is not cheap to buy a regen