Down with the tie ranrany, we ho stop worrying about the declines the yield on the tenyear got hammered before the market open so the averages got hamerred as i did my best to protest that and as treasury yields bounced back, stocks did, too. Down 589 and s p up. 08 being down 2 and nasdaq up 3. 8 down about 1. 7 you know what im calling this today im calling a huge win for the bulls. Normally when you see this wild action in bonds, yields nosedivi nosediving, it means a recession is around the corner but i think thats a misreading of the current situation. The truth is u. S. Treasuries are giving a much better return than bonds from any other developed country. If you live in europe and want a nice, lowrisk Free Return Exchange euros for dollars and buy u. S. Treasuries. That drives rates down call it globalization Collateral Damage the russia bond buyers from overseas is spooking the stock market Stock Traders see it as a symptom of incredible weakness in reality, its a symptom of weakness that strengthens the economy because longterm Interest Rates are fabulous for Financial Health the dollar is too strong but not near negative as positive. You want a mortgage . Finance a new car . The rates got more intensing why does the stock market turn off and it probably will be again. Because there are kinds of investors that get scared when they see Interest Rates moving sharply. It usually means something has gone awry there is a real possibility its forecasting a serious economic slow down but its also possible that were simply seeing a demand shock as buyers load up and investors get spooked. When i was a Hedge Fund Manager it was hard to buy now its like here is how i see it we know why the rest of the worlds Interest Rates are plummeting there is not enough demand and economies are stalling, especially china thats bad news for American Companies that do business over sea, i agree we dont want to slow the rest of the world just because they are having a slowdown over there, doesnt mean there is one here when you listen to the macro commentators that look at the tenyear, you think the sky is falling. Over and over again they predict we will be overwhelmed by global weakness investors seek safe assets in anticipation of a recession, couple the looming financial catastrophe and less demand for money. The bond market is never wrong they say my view . I think the bond smoke i feel the top down approach is bewildering and im being an ambassador of goodwill there why make judgments based on numbers . There are so many data points with companies that are accurate they fret about the tenyear cant name 100 of the names in the s p 500. I live, eat, and breathe these stuff thats why i prefer to take a bottoms up approach. I sympathize with views to get a sense of what is going on. I think mine is better than theirs so when my bottoms up meth methodolo methodology, i checked in with j. P. Morgan. The annual bus tour stopped trading. Hes currently canvassing the east costa take the pulse of our economy. Hes discovering credit card business booming up 8 , Consumer Lending is strong. Charge offs meaning bad loans continue to decline. That doesnt sound like a recession to me but expansion. Overall gdp growth slowed and Consumer Spending has, get this, strengthened as of late. Did anybody say that i checked in with them not Just One Company while the bank stocks plummet, all the 25 largest banks say Consumer Credit is strong. How about away from j. P. Morgan . Last week Mortgage Applications increased by 5. 3 . Refinances were up 12 thats exactly what you would expect with treasury yields plummeting thats a positive. 30year fixed mortgage fell to the lowest level since november of 2016. I want to get one. How about you . Great for housing and punches weight for Economic Growth does that sound like a recession . 3. 7 unemployment rate. Put it together and its hard to believe were facing a slowdown so i dont want you to panic when we see like tomorrow and coal come in and rates are 1. 4 its probably going to happen. Why do i care . Lets pick a metaphor. I care because of cvs. Stock up more than 7 today after a terrific quarter the game you hissmissed if you e too focused on the tenyear. Cvs with 6200 stores, 300,000 people for the broader u. S. Econo economy. Today the Company Reported incredible numbers sharply better than the front of the store and pharmacy despite amazon and drug prices, cvs is doing great the company is crushing it with aetna that so many questioned. Who i spoke to the ceo this afternoon, hes one of my favorite executives. He talked about a robust consumer that goes out with front of the store merchandise and offering inhome delivery which he says millennials love whatever cvs has a ton of debt. They can potentially benefit from lower Interest Rates like a consumer that refinances their mortgage the cash flow is massive there is a lot to like if you listen, they cant tell c cvs from cbs the vasts of the s p might as well be a basket of so i they think they are the same pieces of soy. They are focused like a laser. Arent you sick of the fed im sick of the fed. Lower Interest Rates and lower gasoline prices should be a boom for the consumer no wonder people have more money to spent on health and beauty items. The tariffs arent hurting cvs customers. Thats one example now someone can say jim, how about disney imperfect quarter and higher recent months. It was never about 2019. I told you its a 2021 store bottom line, dont let the talking heads blind you to everything going right including lower Interest Rates sure, there is negatives here but if you keep your eyes open, if you have situational awareness, if youre like coach belichick and you get the job done and know your assignment, then when youre waiting in line at cvs and you think i should buy the stock, i think cvs stock is worth buying at one of the greatest days in the companys history. The fact the Central Banks just cut Interest Rates, oh, wow. Huh. Not that negative. Lower rates will help turn the economies around and making cheaper to borrow money here in the United States. I dont know, i guess its a lose, lose if your stupid. Its a win, win, if you know what youre talking about. Alex in california, alex caller hey, whats going on big jim . You know what, alex, im tired of people being so darn negative i dont know about you. Caller hey, i completely agree. I got a great question for you on amgen they reported a great quarter and im wondering what you think for the long term . Their cancer portfolio is better than i thought six months ago. Im not happy with the distribution of the migraine drug because they didnt get the right formula. Its got a very good balance sheet. My travel trust owns it. I would not sell it. I would be a buyer at 12 times earnings thats not buyer like buyer, mistakenly bought. Drew stock joke drew in florida, drew . Caller booyah, jim. Thanks for having me on the show and shoutout to the newest eagle j and a harris. Im liking everything i heard. Caller can you hear me clear as day. Caller perfect so im fairly new to stock trading and was curious to hear your thoughts where you see Deutsche Bank heading . Is there reason to be optimistic given restructuring . No. No i mean, if you want to go down there, go by santandair. Am i too emphatic . I meant to say no, i wouldnt buy it i thought it was sometimes more emp f emphatic to say no caller first time long time. Big market up and down booyah. I like that thats creativity. Like adobe go ahead caller my stock is out front media out. You had the ceo on a little while back like what i heard and did homework and bought stock. Nice run 5. 3 dividend i like to know what you think about them at the level they are at now. I like it i like them. I think that youre dead right and the numbers were really pretty good. They were better than expected and you got a good one by the way, i did not mean to be quick to drew, because drew called in and deserves better than no. I didnt want him to speculate on a day it was down, im sorry, jamie, i put those two in the same sentence. I think youll accept my apologies but we wont be dining in the hamptons together the tenyear, the tenyear, the tenyear, the tenyear is coming anyway, you keep your eyes open you realize in america, lower rates are actually positive, not negative unless were bizarre wings victory, remember that arms on venus. Well get those on i am tired of hearing about this defeat im getting examining where your money is safest and shares took a tumble after reporting a mixed quarter. Ill sit down with the ceo and get clarity like the lenses and ive got the exclusive with the only cannabis stock thats received fda approval. Its being brought down because etfs, well thc this situation stick with cramer. Announcer dont miss a second of mad money foll 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 ss something head to madmoney. Cnbc. Com. Your daily dashboard from fidelity. A visual sna of your inv. Key portfolio events. All in one place. Because when its decision time. You need decision tech. Only from fidelity. Your but as you get older,hing. It naturally begins to change, causing a lack of sharpness, or even trouble with recall. Thankfully, the breakthrough in prevagen helps your brain and actually improves memory. The secret is an ingredient originally discovered. In jellyfish. In Clinical Trials, prevagen has been shown to improve shortterm memory. Prevagen. Healthier brain. Better life. [ because im me byfrom the 5am wakers, this is us. To the 6am sleepers. And the hope this trip never enders everyone uses their phone differently and in different places. Thats why Xfinity Mobile created a different kind of Wireless Network one thats designed to save you money. By auto connecting to millions of secure wifi hot spots. And the best lte everywhere else. Xfinity mobile. Its wireless reimagined. Simple. Easy. Awesome. If i hear one more colema commentator, ill smash my head against the wall it necessary to crackdown, i never knew what it might mean for short term but so much of the media buys into this myth that america is a pitiful helpless giant and china is a crouching tiger ready to rip their throats out. Ill say enough already. The trade war hurts them more than us. Ive been amazed how little impact the tariffs are having an American Consumers we know are spending more. I have lots of data since they are spending more than a year ago. I know this will get worse when the next round goes into effect in three weeks so far the price increase has been minimal they are trying to convince the president to back off the tariffs so they are making noises that price wills go up come september i hear them. Im not sure i believe in them retail is so competitive, its a viciously deflation environment for watch, walmart, amazon, target, home depot this business is flying into vietnam happening faster than the Chinese Government can handle and forth conorth korea s to turn the jets on. This country needs to have people do what they need to do the president were to spend time in south korea and vietnam offering to help them compete against the chinese so they help us compete, it would help a lot. Maybe you should have signed the partnership, the point was to unite Different Countries that excluded the chinese maybe you should create a collision. My broader point is we spent a lot of time obsessing over what could go wrong with the trade war and what could go right. Maybe there is bias here im not talking about negotiations with china, they are going nowhere. What happens if President Trump stops at this point. What if he has a golf match at bedminster the predatory trade practices affect most of the countries and frankly worse than ours. The Sticking Point is that the president wants to fix trade im balances at once so instead of tolerating, they dump cars here. He is confronting them and makes it harder to assemble a collision. For the hand ring this trade war is doing damage to the chinese economy that lives or dies in the countrys exports, not imports but not hurting us much at all let me throw one last example, we hear how china is going to devastate ag plenty of farmers are losing business i dont want to minimize what they are going through go look at the charts after getting hammered, they are both up substantially, i dont know, that shouldnt be happening. More importantly, if farmers get hurt, you know the federal government will bail them out. Nobody ever lost their seat in congress by voting for a farm subsidy. So i dont want to hear any more defeating, you wont get any on this show. We get victory or a stalemate, were worse off than before the tariffs. China changes ways and compromises with us and our stock market takes off perhaps sadly, without you lets go to kelly in texas, please, kelly. Caller yes, jim, i was curious about the drilling rig in the basin and my question is about schlumberger. My question would be do we hold it for the dividend protection do we buy it at a discount or cut and run . My travel trust owns it i never thought id say this because im in love with the Company Since 1982 and looking to get a job there and schlumberger, these companies are not spending like they thought and the International Countries arent spending so the answer is i dont want you in my house of pain. Its just crowded enough already. Lets go to stewart in maryland, stewart . Caller yeah, booyah, jim. Long time watcher and firsttime caller. All right. Caller what is your opinion of Burlington StoresTicker Symbol i thank matthew boss for introducing me to the company. I think that the theory of retail now is either online or off price. You have to be one or the other. Burlington is the king of off price. Thats not just because of tom kings berry who is the ceo but out going. I think you buy burlington and buy it here. Its a perfect one to buy when youre looking what the is going on with retail i need to go to brian in michigan, please, brian. Caller hey, jim, thanks for taking my call. Okay. Caller long time theeme thi. With the price near a 52week low, what are your thoughts on the Simon Property group man, thats david simon hes good. I know that youre probably tempted to think they cant cover that dividend but i know that the malls are under stress. They have really good malls. I love to have david on. I think he will tell a very good story but i dont want to put words in his mouth because a lot of the retailers are 9 yield now. That keeps going down. So lets do lets invite him on hes probably the best guy in that particular end of retail brick and mortar as American Capital finds a way to beat capitalism, youre safe from u. S. Stocks than you think. Much more mad ahead. The whip saw action im eyeing one that should be up not down, then gw pharma is smoking hot. Can it go higher let me talk to the ceo and a play for a cure, 100 in the last year. T tandum diabetes. Stay with cramer when i was diagnosed with breast cancer, i went straight to ctca. After my mastectomy, i felt like part of my identity was being taken away. My team made me feel whole again. Cancer Treatment Centers of america. Appointments available now. Turbulent market, you want to hide like Drug Companies but with the industry unpopular, the group is less than a safe haven and thats not the on complicating factor. Yesterday one of my favorites bosch Health Companies reported a mixed quarter and posted a small three cent earnings miss thats a very Small Business and well talk about that. Slightly higher than expected sales is more important. It wasnt a perfect quarter, it was pretty solid bosch and lamb sold 4 organic growth and took a serious hit. Management raised the fullyear forecast and nobody seemed to care and the stock got hit which was otherwise a good day in the market they engineered a good turn but the stock stalled. What will get this thing back in action lets take a closer look with the chairman and ceo of bosch Health Companies to find out more about the quarter welcome back to mad money. Good to see you. You know i was confused i read anytime a vacuum. I like to read the stories in a vacuum and look at the stock price. I dont like to be swayed by it. I thought the stock would be up a percent, 2 . Huge organic growth much better than most, pay down debt, tell me what im missing. Well, i dont think youre missing. Youre got what was happening there. We labeled 2019 as the pivot to offense and thats what weve done weve had now six consecutive quarters of organic growth this quarter is up 3 . Importantly as you mentioned, the biggest segments in the company are the bosch and lamb business, those two together represent 80 of my sales now. We used to say it was the fw mercedes brands. Bausch and lomb has a great reputation its the leading product now in the area for the Multi Purpose solution the contact lenses, we had a situation in the United States where we are up for now 11 consecutive quarters in terms of growth and the bausch and lomb business is up 13 in the United States and market was only up 8 were significantly out growing the market taking share and thats what were excited about what its working on. Are you concerned by the subscription pr