Too glib maybe not glib enough. The dow did snap that five day winning streak to close down 28 points the s p back slid. 04 nasdaq actually advanced. 05 but while most of the country is spell bound by the prospect of the house impeaching President Trump the effect on the market was minimal, why well in part because we know exactly how the trial in the senate will go more on that, much more on that later. From an Economic Perspective though theres just not a lot at stake here the only outstanding issue that really matters to wall street is the negotiation of the new nafta but thats looking like a done deal in congress because Speaker Nancy Pelosi was willing to compromise mexico is rebelling against the notion of u. S. Labor law monitors in their country, issues of sovereignty. Of course theres the trade war with china just got a phase one deal with the chinese and President Trump agreed to reduce the tariffs as long as the prc plays ball anything that levels the Playing Field with china is a good thing. Leveling is good and anything it reduces the uncertainty of the trade war by deescalating, it will be beneficial to the stock market the political theater of this impeachment process, zero impact on that. In fact, i expect china to make some huge pork purchases imminently because african swine flu has devastated their own pork production. They have lost more than half of their population this year while china has a great deal of frozen pork, prices are already soaring so theyre only going to get worse if they dont start importing large quantities of the stuff with us. Were the only country with the capacity to meet the demand for the other white meat you hear a lot of experts describe the Chinese Communist party of unassailable regime but skyrocketing food prices are one of the few things that scares the heck out of authoritarian regimes. They started as full riots now about free speech. We always hear that president xi is invincible. They have taken to calling him the king according to the ceo of a big time American Industrial company that just came back from china. But food inflation, thats how kings get dethroned. Thats right the chinese need to buy american pork regardless of what is happening in washington today. Thats why i like tyson foods that stands to make a fortune if pork prices surge. Why is that . Because they sell pork themselves but well also be eating more beef and chicken its going to become more affordable versus pork thats right in tysons wheel house. Id buy it right here. With or without the big chinese ag purchases if a thousand american flowers are blooming in china then you probably want to own nvidia that just had a ton of deals with Chinese Companies for its tips used in autonomous driving and Artificial Intelligence and gaming its a prelude to finally giving them permission to acquire them. Be i the way, the ceo told us when we went out there would close the deal would be immediately added to their earnings but the chinese regulators havent signed off on the deal even as the eu did today sending them to a new 52 week high. I think that good news beckons it doesnt hurt that the technicals are on your side with nvidia as they pointed out just last night on our off the charts segment, she predicted a huge run on nvidia. She could be right we also got still one more up day from many of the retailers that are most hostage to china and when we think of it, we think of kohls, gap, macys, we think of nordstrom these are the companies that hadnt been able to mitigate the cost of the tariffs to wall streets satisfaction. Im okay with that but i think this rebound is getting a little long in the tooth. And then casino stocks jumped on word that china will loosen restrictions on its gambling haven. Something that will bolster those that do win and las vegas sands. I like those over and over again what matters in this market isnt washington. Its the fundamentals. Today facebook and instagram is the Gold Standard for online advertising. Facebook blow through 200. It doesnt matter what the politicians say. Facebooks users and its advertisers, they love the platform the pinaction here was so posit that the twitter stock went up as i see it, every day congress spenl spen spends focused on President Trump is another day another big cramer fav i love saying that tesla is closing in on elon m k musk this time the move is fuelled by the woes of their high end competitors in europe. Stories have delayed deliveries from european auto makers. Drove the stock up 14 to 393. At the same time, netflix rallied again. This time by five points disney plus doesnt seem to be eating into their sales too badly. Now after the close, we heard from micron, the commodity Semiconductor Maker i told you to expect a good quarter and thats what i got. The friend of the show said that the quarter would mark the bottom for microns business the future is looking better than the past. No wonder its trading again omorrow. It welcomes a serial disappointor by the way. They only declined a couple of bucks and the news is that the market assumes that fedexs problems are fedex specific you should be willing to more than you should do some buying while todays impeachment debate doesnt seem to do much damage it was met with no buyers today and thats not what you want to see if youre hoping for smooth sailing Going Forward into your end. Even if we have a few down days coming up, more of the market being overbought than the president being overimpeached. Market history says its a mistake to freak out about the impeachment process. Stick around and ill tell you why. Why dont we go to dave . Dave. Jim, i just want to thank you for sharing your market knowledge, your hard work and enthusiasm delivered on well over 3,000 plus shows. You have unquestionably impacted my approach as a serious investor well, dave, im thrilled about that lets talk about a stock, though what stock would you like to talk about well, i want to talk about the Market Outlook for 2020. Whats in store . 2019 has delivered s p to date up 27 . Right. Were in the 11th year of a bull market and the fed has resumed its bond purchasing program. On the other hand expected head winds include sluggish Global Growth and negative global debt topping out above 17 trillion and the u. S. Two year ten year yield curve inversion. But were not going to let these particular issues really blind us to the opportunities that i see and in the show tonight were going to be talking about how tech turns out to be the best way to go regardless of the political implications and im going to stick with that for now even though i know shortterm it might be overheated. The averages barely budged today but im urging you not to freak out. Mad money tonight, when clinton was impeached the market gained. Its mad money impeachonomics. How did i get a fresh peach . Theyre out of season. Investors kept cooler heads through the last impeachment inquiry . But how could it effect your portfolio. Im going to see if the performances could offer any clues. With a vote taking place this very evening, im going to get the latest with aman javers. So stay with cramer. Dont miss a second of mad money. Follow jimcramer on twitter have a question . Tweet cramer, madtweets send jim an email to madmoney cnbc. Com or give us a call at 80743bc10cn miss something head to madmoney. Cnbc. Com. 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. Most people think as a reliable phone company. But to businesses, were a reliable partner. We Keep Companies ready for whats next. man we weave security into their business. second man virtualize their operations. woman and build ai customer experiences. second woman we also keep them ready for the next big opportunity. Like 5g. Almost all of the fortune 500 partner with us. woman when it comes to digital transformation. Verizon keeps business ready. vo the flock blindly flying south for the winter. They never stray from their predetermined path. But this season, a more thrilling journey is calling. Defy the laws of human nature. At the season of audi sales event. [ drathis holiday. Ahhhhh ahhhhh a distant friend returns. Elliott. You came back and while lots of things have changed. Wooooah woah its called the internet. Some things havent. Get ready for a reunion 3 million light years in the making. Woohoo yeah we are back. Its time to check in. He has brought us action from d. C. I know that you have every angle covered. Youre inexhaustible whats the latest and is the Drama Building were in the final leg of todays marathon debate in the house over the articles of impeachment against President Trump. Both sides coming down now to their closing arguments. Republicans said this is all just sour grapes left over from 2016 democrats say that no one, not even the president is above the law. The risk is real. Our democracy is at peril. But we are not without a remedy prescribed by the founders for just these circumstances impeachment. The only question is will we use it well, clearly, jim, the answer is yes and the house is on track to begin voting on the articles of impeachment around 7 30 to 8 00 p. M. Eastern. After that, the president will become just the third in history to be impeached by the house though this time that vote will be largely along party lines, jim. Thank you so much you are doing a fantastic job and i really appreciate you keeping us updated good to see you. Thank you now look at the action today it might seem like this market has a very hard time incorporating what we just talked about the impeachment of a sitting president. Im sure that many of you are astonished blown away by the cavalier way it plowed higher despite the horrific headlines. The house of pain. And a level of ran corr in washington that seems reminiscence of when they were trying to get through the compromise of 1850 before the civil war but i have to tell you its doing a great job of reacting to the impeachment process. Why . Because whats happening today is momentous, its just not month m momentous to wall street nixon had been forced to resign and because of the opposition controlled both houses of congress the gop had 1 5 5 seats and they only needed 12 democratic defectors to remove clinton from office now the democrats didnt break ranks. A few republicans did. The actual vote was 50 50. President clinton was acquitted. Im betting a trump impeachment will play out the same way so is wall street. Thats why the market could get into the impeachment inquiry regardless of how you feel about the actual investigation, trump is in much better shape than clinton because his Party Controls the senate and this probably doesnt need to be said but ill make it explicit anyway you need a 2thirds majority to remove a president from office 20 republican senators would have to switch sides and that seems unimaginable to me id be surprised if theres more than one or two republicans that vote to convict. At the end of the day, impeachment is a political process and when you look at the political dynamics, its pretty obvious trump will be acquitted. Im not saying its a nothing burger its an impeachment trial. But the outcome is a bit of a forgone conclusion people. Thats what he cares about he cares about the certainty something can be momentum and news worthy without being, you know, important to the market. I said over and over that as far as wall street is concerned impeachment is a side show its just not that relevant. You may want it to be but its not. When the house launched its impeachment inquiry in late september i pointed out that you should use any washington driven weakness as a buying on tpportuy because thats what worked during the clinton impeachment process. The averages got hammered when they launched the probe into clinton. That turned out to be a fabulous buying opportunity between the judiciary committees recommendation and the full vote to impeach ten weeks later, they searched 15 nasdaq skyrocketed 39 although i should point out that we got a major boost from the fed in october of 1998. Remember, even then, the fed, the fed, the fed the lesson here is pretty straightforward. If you let the impeachment inquiry scare you out of the market in 1998, you just got frightened, okay sell, sell, sell. You missed some huge gains as the stock market just kept on trucking even if the games arent quite as extreme this time around. If you sold everything september 24th and the impeachment inquiry. I got the kick me sign for you youre kicking yourself now. The trial and the senate lets get that clinton play book out again. What does he tell us if you pressumeasure from the de house voted to impeach, kind of like this vote that were taking that were waiting for, the day they voted to impeach clinton, whoa, lets take a little bit of this less than two months later the dow rallied 2. 2 nasdaq zoomed 8. 6 we take it from this day, a buying opportunity all told from the beginning of the impeachment inquiry the averages gave an incredible run. The dow surged 21 s p is up 26 . The nasdaq was up 56 . So lets just say the buyers have history on their side after we got the clinton impeachment over, we have a glorious year for the stock market really fabulous. Kind of left out the right shoulder there the dow finished up 25 for 1999 s p gained 19 nasdaq rocketed 85 . But that was it. Impeachment was irrelevant you had to use any weakness to buy and then to buy and then to buy. Beyond the history theres an even more important reason why it doesnt matter. While the impeachment headlines might dominate the front page, they dont make it to the business section why should they . Back at my old hedge fund, i like this one. Back at my old hedgefund whenever someone would bring up something ripped from the headlines that sounded daunting but had nothing to do with business id always say what does that matter to the price to earnings ratio of Bristol Meyers it still rings true. Bristol meyers valuation is determined by what youre willing to pay for its future earnings the clinton impeachment had zero impact on the future earnings. The trump impeachment would play out the same way now theres always some and argue that this should play a role like its inflation or gdp growth or federal funds rate but the simple fact is its not theres no reason stocks should go down just because the president gets real bad publicity. Whatever you think of the ukraine thing, right we got a pretty Strong Economy going here lower Interest Rates nothing happening in washington right now is going to change that so forgive me if i emphasize it again but the impeachment and trial of President Trump has nothing to do with the price to earnings ratio or Bristol Meyers or any other stock for that matter finally, you have the argument i have been coming back to for ages you have to own stocks because what the heck else are you supposed to own . What the heck else are you supposed to do with your money are you going to call your broker and say heres what i want to do i want to swap out all of my stocks and go into beyonds which yield almost nothing President Trump wont be convicted in the senate. Doesnt sound that rational to me now if you stick with what roared back during the clinton impeachment with the stocks that could lead us higher now because you know my mantra, theres always a bull market somewhere and the bottom line is right now theres a ton of bull markets. Thats right it may not be classy but im here to help you profit from these impeachment proceedings because you know what, the show isnt mad politics its mad money and on mad money we never stop nthuing for the next bull market for you stick with cramer. Apps are used everywhere. Except work. Why is that . Is it because people love filling out forms . Maybe they like checking with their supervisor to see how much Vacation Time they have. Or sending corporate their expense reports. Ill let you in on a little secret. They dont. By empowering employees to manage their own tasks, paycom frees you to focus on the business of business. Music history doesnt repeat itself but it often rhymes. Its really pretty astonishing how much of what was working then is also working now back in the 90s, the late great mark hanes, an amazing host for cnbc used to call me reverend jim bob from the church of whats happening now i loved the name but what was working in 1999 turned out to work for a lot longer than anyone expected even if the dot com crash temporarily reduced some of the games. Lets see if they can give us any insight into how to handle the trump impeachment proceedings. The best in the dow jones average wasnt in the index back then but it sure is now. Care to guess . I think i replaced my app with my peach here it is apple. Up 100 someone gave me a new shiny one. Up 151 for the year of the last senate trial of a senate president. Isnt that incredible . This was the beginning of a much larger run lead by steve jobs after his return in 97. It works now own apple, dont trade it, please cisco was at the center of the internet boom. They were considered to be the backbone of the entire build out but cisco flew way too close to the sun back then. Rallied 130 and then soon fell back to earth plummeting to the Single Digits as its clients went belly up, 1999. It just kept going and going and going. Even today the stock still hasnt fully recovered the amazing thing is that cisco survived frankly at all. Now youre getting one of the best buying opportunities because Ceo Chuck RobbinsCeo Chuck Robbins, he incredibly reinvents the Company Making cisco more of a software of internet of things play with a portfolio. Thats for the enterprise. Its not now back in 1999, Interest Rates were much higher not now though which is why s ciscos yield is so enticing to me their best performer was wall street the the fact that its only up 70 in 1999 gave you a terrific entry point. Walmart was horrendously overvalued back then verses the fancy pants retailers where most of the rich analysts shop. But ill take that any day of the week or any day in the last 20 years you know how facebook and alphabet are facing all sorts of investigations right now back then we had a software clause in the midst of the mother of all federal investigations the United States versus microsoft. An antitrust horror show that many thought would crush the company. Although it still managed to rally 68 in 1999. Remember everything was going nuts in that period. The antitrust case turned out to be a buying opportunity but only longterm as microsoft fell when the dot bubble burst. I still like it here in the 150s they did such a remarkable job the regulators, they know what got these guys in the cross hairs. Also rallied 58 that year that was on the way to National Domination the recession caused the stock to get slammed it took a decade to recover. I still think its roughly 20 points off its high 2. 5 yield now the company just stumbled because of lower guidance but i predict that will be a blip over the long haul even as i was quite upset about it to tell you the truth. Sometimes you get this moment where it shines so brightly that it dominates not just the nasdaq 100 but also the s p 500 and in the period after the clinton impeachment was one of those the leader, qualcomm, which rallied an astonishing you had to lift through it it was up 2,619 in 1999 thats what a run looks like this stock fell to 7 not long after that it took about 20 years to get back to that qualcomm has always been a creature of improving Cell Phone Technology and now its 5g that beckons. Its selling for 14 times earnings this makes no sense to me. I think the stock should be much higher especially after that terrific quarter that moo, which of course is micron just reported this evening s ps second best performer in 1999 was 1,192 which made p perfekt sense because it was a domain name gold rush back then. They reinvented themselves and close to 260 in 2000 and crashed to the Single Digits after the collapse but it stayed in business even if it took the stock 20 years to recover to those levels let me give you another one. Lamb research, up more than 500 i like the Semiconductor Capital equipment maker when i was a Hedge Fund Manager and i like it again now even as its up to 100 one of the best performers what is the secret sauce here . Its one reason that it never really got crushed during the. Com collapse its actually got more room to run here even as its only a few points from the high how can you not wait for at least a tad of a bull back the rest of the winners in 1999 still kicking, nasdaq 100 number four, checkpoint software, a version of Cyber Security that im okay with. Number five, biogen. Taking a flyer there with that one. I prefer other drug stocks because of the binary nature of the companys prospects. Lets end with a curious oddity. This morning my colleague talked about how dish network is trying to buy some assets that need to be divested before sprint and tmobile can get regulatory federal rates or approval to emerge dish wants to build out a network that could cost billions of dollars he has 10 billion in financing lined up to make it happen back in 1999, dish was a Great Growth Company and stock was up 106 but like so many other it crashed back to earth in 2000. It took 14 years to rebound to its highs. Me, id rather own att and have good growth even if the sprint deal gets blocked by various states attorney general. We keep thinking about how hard it is to it is hard many of those winners from 1999 collapsed soon after the post impeachment rally but the bottom line, the company that survived is a buying opportunity, did you need to be patient not at all and impeachment or no impeachment that lesson still holds true today when i first started investing i bought it about a year and a half ago and what i thought was unfortunately it continues to take down and its been on a big run for the last three months and im curious if you think its going to go a little bit higher or if its just my time to get out and put my money somewhere else. I ambuhlish ever since the fed cut rates. Uri is a play on the u. S. Economy. Does have some oil exposure that im not crazy about. I think that youre fine but id take some off the table. You had a gigantic run bulls make money, bears make money. Alex in jersey, alex. Hey, how is it going, jim. Not bad, alex, how about you . Im doing good. Thank you for asking i want to get your opinion on something if you have a minute. Sure. So the stock, its earnings are coming out tomorrow right and with two failed mergers, Stores Closing and amazon getting into the face now, the pharmaceutical space, is riteaid worth looking at or cvs or walgreens. No, no, maybe im not definitive enough. How about absolutely no. How about absolutely no. Cvs is much better walgreens doesnt really have it together my Charitable Trust owns cvs you can learn all about it stuck at 73 right now. Give it reasonable you still have another 12 or 13 points to go so lets buy cvs im going to throw in cbs. Viacom cbs thats a twofer lets go to steve. I was the way, dak prescott. Maybe, maybe not steve in south dakota, steve. Yes, youre right you guys got a great tight end from here. So with pfizer, barons just posted something a few days ago. They were talking about their top ten stocks from 2020 and they named pfizer as one of them and they also just increased their dividend its about a 38 now and my only concern is you have seen other big pharmas. Their stocks depreciate quite a bit lately where pfizer is stuck in the sand. What do you think about pfizer Going Forward . Thats pfizer that is what pfizer is, steve. It is slow, its steady but it does win some races. Not all. Im okay with pfizer because of the yield. Im okay with pfizer not crazy about it but okay with it i like others more im going to mike in oregon. Mike booyah. Go ducks. I like the ducks. I have a concern about Lockheed Martin. Why i worked for lockheed for 34 years. Been buying it since i was 25. Loaded up inconsistently it keeps overwhelming my portfolio and now im 66 and retired and again it is overwhelming my portfolio and my money manager is saying what do you want to do im at 42 and im debating whether i should trim back. When you told me that number im going to have to side with your money manager its not really side i work closely with everybody. That is a little bit too much. Particularly at your age which by the way i regard as very young and think you should come out of retirement so i dont feel so bad. But i do think that Lockheed Martin is a very good stock. You worked at a great company. Congratulations but you own too much of it versus the rest of your portfolio history often rhymes stay patient now much more mad money including an update on where we are in the impeachment process with cnbcs own aman javers. That wasnt the only story that dominated the market today im breaking down fedexs latest earnings telling you where to go from here and rapid fire in tonights edition of the lightning round so stay with cramer this is a historic moment. Demand has never been higher for what we do. Creating compelling, engaging, and informative content and experiences. With this merger, viacomcbs will be one of the largest and most influential content creators in the world. I know we can deliver on the full potential of this amazing new company. Impeachment isnt important to the stock market but its still a very, very big deal. Thats why we need to get a better sense of whats happening with cnbcs White House Reporter its something to see you on the show welcome to mad money. Thanks for having me on i want to tell you about larry kudlow he was just talking to a couple of us in the Briefing Room here and i asked him if this impeachment situation is going to play a role in the trade negotiations the chinese look at this and say wait a second. Lets back off, lets not negotiate and what does that mean for phase two larry as always was optimistic about where this white house is in the trade negotiations but he said Something InterestingHenry Kisinger had been here about two fridays ago briefing white house folks on his meetings oneonone with xi jingping in china in beijing he then came here to the white house to brief white house officials on the contents of the conversation i asked kudlow does that mean that he is playing a back channel role in these trade negotiations and he said well i dont want to give you the family jewels so he didnt confirm it but he seemed to indicate that at least he is going back and forth between beijing and washington and speaking to principles on both sides i thought that was interesting in the politics of this geo political battle and the fact that kudlow is saying he doesnt think impeachment hurts the trade negotiations. This is more than interesting. Secretary kisinger is a globalist. Hes the person that i think most of when i think of opening door with china. He is the opposite, say of peter navaro how do you get him that high level making those talks and still maintain a tough stance on china. Maybe thats back channel you send somebody to beijing who you think the beijing government respects he is enormously well respected in beijing because of the role he played in the Nixon Administration as you point out in the opening of china. He has enormous credibility there and the white house can leverage that by ending tsendin messages back and forth. He took down everything about what he told him and passed all of that to a memo. He also said that xi jingping told Henry Kisinger hed rather deal with donald trump than any of the Democratic Candidates take that for what its worth. Maybe thats just happy talk but he told kudlow that he would rather deal with donald trump because trumps not so focused on the human rights issues as a lot of the Democratic Candidates will be and so therefore its easier to talk to him because he sees him as a man of business. I have been thinking about not just human rights but Climate Control as china is going way back on the coal train again and i know that senator warren is a very serious protector or stake holder of the earth. When he sees the field, these are people that have issues with labor and issues with human rights and issues with the planet trump doesnt really share a lot of those attributes. Put yourself in xi jingpings shoes. He is negotiating and has huge implications for his country but also the president and his reelection effort xi jingping is in a position to grant donald trump a trade deal or not in an Election Year how does he weigh all of those factors . Does he really want donald trump to be reelected or was he just saying that to be nice to a guy that was here on behalf of the Trump White House and how does he try to make that happen in an era in which were spending so much time focussing on foreign governments and their interests in u. S. Elections, thats another wrinkle to consider from the beijing perspective. One last question, there was a fabulous campaign a long time ago for a stock that i like, wendys, wheres the beef. I have to ask you, wheres the pork where is the big pork buy given the fact that the african swine flu decimated all the backyard pork farms in china. I dont know about pork farms in china but theres going to be some horse trading here and you can imagine some goodies are going to change hands here in washington d. C. Its a joy to have you on the show your perspective is incredible work ethic unbelievable. Make us all smarter. Ne. K you for being on mad moy nobody works harder than you jim. Please. Mad money is back after the break. 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. It is time. And then the lightning round is over. The lightning round. My dad got arrested so turned me on to your show and i have been watching it faithfully and he left some stock. Got a good yield but my problem is is that it i dont know what your basis is and what youll have to do with tax thats up to your accountant and im glad that your dad loved the show and you do but i prefer at t and i think its less risky. How about we go to greg in florida. Greg. Booyah, jimmy its time to write another book, jimmy. Yeah, i guess so. You know, you do the audio book, it takes forever my wife got very angry at me last time. Go ahead. My stock is taiwan semiconductor. I like it but im going to see you and raise you with nvidia lets go to carl in new york, carl hi, jim i just took profits in mktx after that long run. Are you still liking the company. Yeah. I still do honestly i think that stock is a very, very good stock. A great Business Model rick come back i mean, ive seen chrissy more than ive seen you lets go to doug. How are you doing, jim . Couldnt be better. How about you . I want to say booyah and happy holidays to you and your family and everybody in production. Right back at you whats up . I still stand by it i still stand by it. Like to have more used cars than new cars sold and thats why its not roaring but i like it lets go to raj in minnesota hey, jim, booyah. Booyah. I would like to know when is a good time to buy microsoft. I think that Satya Nadella is doing such a good job. He was going to do certain benchmarks that i thought to be too high for his cloud business, he blew right through them hes good to go. Lets go to mark in indiana. Mark hey, jim, thanks for taking my call. A big booyah to you. I want to get your thoughts on grub hub. My friend, that space is too competitive. Got that door dash going against them and shooting against them im not going to have some when i know that door dash wants to eat their lunch. Harrison in georgia. Harrison. Hey, cramer booyah from atlanta. Long time listener, first time caller, i want to give a big shout out to my dad that turned me on to you long ago. Im looking for your thoughts. Interesting interesting 5g. Interesting. Lets look at it like this lets say that we are drafting a plan would you not take julio before or after Nelson Agular and that, ladies and gentlemen, that is the conclusion of the lightning round. The lightning round is sponsored by t. D. Ameritrade the impeachment of the president of the United States may be a huge story. We all kind of know how its going to play out. In other words, im much more concerned with generally new developments that could shake things up like what we heard from fedex last night. Very disturbing. The shipping Company Reported a substantial profit but it was still much lower than expected 2,051 cents per share. Thats a bad miss. Then fedex slashed its full year forecast from 11 to 13 range down to 1025 to 1150 hugely disappointing and thats why the stock got clocked today. Plunging more than 16, 10 me, u given how many things are going wrong for fedex its incredible to me that theyre making any money at all for starters, management completely misjudged the amount of business they do on cyber monday they have 37. 8 million packages when they only planned for 33 million. You might think having way too many business is a high quality problem but not in the shipping industry its hard to make money when youre forecasting that poorly second fedex was banking on an increase in world trade. I dont know where theyre getting those Wishful Thinking as the trade war with china is weighing on Global Commerce and thats exactly what happened this quarter third fedex made a huge acquisition in europe buying t and t express in 2015. Its still not integrated well thats truly suboptimal and you have Something Else that could put a damper on european commerce fourth, they have a very fraught relationship with amazon which you could argue used to be the most important client. Fedex has disputes over the cost of freight and amazon actually cut them off from 3rd party shipments a week before christmas. Wow. The money, thats the money week they stated that fedex is just too they do it too slowly. The house of pain. Grinch alert. Amazon has gone from a large client to a vicious competitor that bad mouths them from doing a good job they had the saturday and sunday delivery their staff of 490,000 workers is bloated and worst of all management doesnt think they could make cuts because it will hurt morale. Its such a mess that even though fedex disappointed im stunned they made as much money as they did. Now i dont know how to fix fedex. Im not in that game but i do have suggestions first i would stop doing what cfo alan graph did on the call which is predict the bottom when theres no bottom in sight they need to start being more realistic. Stop calling bottoms second they should stop giving guidance entirely when you dont know whats happening. When youre overrun by events its better to remain silent and be thought a fool than to speak and remove all doubt finally, fedex needs to stop trying to stay highly profitable and spend the money they need to be competitive they need to take the hit and if that means bringing in new management, so be it look, fedex keeps messing up but this company is not a disgrace this real disgrace is that management keeps delivering theyve got it right when in reality theyre dead wrong stop the guidance and take the time to figure it all out. Ocbebltootnly then will fedex stk ae btom. Stick with cramer. Apple card. Is a new kind of credit card, created by apple, so its simple and transparent with a new level of privacy and security. It lives here and here on your iphone, and it will save you 6 on Holiday Gifts at apple; like iphone, apple watch, airpods pro and so much more. Apply in as little as a minute, right in the wallet app. Apply in as little as a minute, apps except work. Rywhere. Why is that . Is it because people love filling out forms . Maybe they like checking with their supervisor to see how much Vacation Time they have. Or sending corporate their expense reports. Ill let you in on a little secret. They dont. By empowering employees to manage their own tasks, paycom frees you to focus on the business of business. Music listen, i dont know how to juggle but you dont need to know how to juggle thats because washington is over here and wall street is over here and they dont really meet and thats why im urging you to stay calm we are overbought. Were plus 5 on the ocillator that i follow. We dont do any buying and dont be bummed out. Micro gave you good news tonight so the semis should do rallying tomorrow those people work so hard down there. They dont get enough credit they get up in the morning and go to bed. What kind of job is that they do it fabulously. Theres always a bull market somewhere and i promise to try to find it for you right here on mad money. Im jim cramer and ill see you tomorrow narrator its been 10 years since shark tank ignited americas entrepreneurial spirit, and were still blazing a trail for those who take their fate into their own hands. And tonight, jamie siminoff, the founder of videosecurity phenomenon ring, which sold to amazon for over 1 billion, is the first shark tank entrepreneur to return to the tank as a shark. Youre talking to a bunch of sharks that dont remember what its like to be little. Oh, youre so full of [bleep] kevin, i love you what . I didnt come here today to fight you about my valuation. Stop, because its not going to become an overnight success cause nothing does. Ruhroh. This is our first date, and youre very defensive. [ highpitched voice ] im offering you 600,000. [ laughs ]