Transcripts For CNBC Mad Money 20240713

How did the market worry when there is so much despair over the coronavirus. There is a seething anger sweeping this country and it is directed point blank at wall street this relentless rally seems unfair, it seems senseless and heartless. Thousands of people are dying. And Money Managers are cheering the most enthusiastic stock comeback in living memorial. Do you gaining another 559 points and s p climbs and nasdaq pulling almost 9 . How the heck is that even possible well why dont we start with peoples exhibit a against both me and the market here is a picture from last week when the wild rally had been cemented in the history books. The dows best week since 1938 then my head then breaking news more than 16 million americans have lost jobs in three weeks. 16 million full disclosure, i didnt order this curious juxtaposition to show you how i am. Most of you own stocks are not short sellers. Believe me there is no joy in stock film right now and i agree it is messed up. But the contrast between a warring stock market and a obliterated job market tells us what is happening at this moment first, every branch of the government see what is happening. They know 16 million jobs lost is unconscionable and so the fed and Congress Pulling out all of the stops. The treasury is putting money in your bank account and tiding over Small Business loans and forgiven as long as you dont layoff your employees in the 2. 2 trillion rescue package and the Federal Reserve is pumping 2. 3 trippon into the economy with junk bonds allowing more to stay afloat and buying Municipal Bonds which is huge because cities wont have to make massive budget cuts at the worst possible time. And now treasury and the Airlines Just agreed to an agreement. This is very simple. The 30 stocks in the dow are mega caps. Theyre big businesses big businesses that thrive when money comes into the mark. Whether it be through the fed, the treasury, congress and when they come together to boost the economy it is the big caps that do the best. The dow is not supposed to be representative of the broader economy. There are no nail salons or barbershops or auto mechanics in the major indices. Were not trading luncheonets here maybe it would feel more just if big business was getting crushed along with everyone else like during the Great Recession but when big business gets crushed you get more layoffs you dont want to cut off your nose to spite your face. Dont get me wrong i would love it if the government was more generous to those who work for a living. The unemployment is great but there is an attempt by the federal government to try to save the economy and i cheer it. There is no gangster bankers getting benefits or like in the roaring 20s just a global tragedy hitting our country particularly hard. Without these huge aid packages, bailouts, whatever you want to call them, i think we would look at a much worse situation in the financial crisis that was 2007, 2009 something akin to the Great Depression as far as im concerned anything that staves off a depression is good news. The second reason, we got too negative it is not like the market is surging to new highs were partially rebounding from spectacular losses last month. When you think about it, remember this we crashed and i use that word not lightly, crashed from 20,000 to 18,000 in a couple of days stocks were obliterated. The april bank of america manager survey showed the levels are as high since back in 9 11 equity allocates are at the lowest level since 2009. Those were both great buying opportunities. That is incredible when the federal government took action, that is excessive. Maybe you think this whole rally is phony because it is propped up by government intervention. I see that every second in my twitter feed if you feel that way [ inaudible ]. Were in a deflationary moment witness the decline in oil despite the 9. 7 Million Barrels per day Production Cut and were bending over backward to offset the deflation and third lets be honest, there is a real zero sum exercise going on here and i dont like it. Not one bit. Big business is getting bigger and more powerful and small to medium size businesses are getting obliterating even as treasury do the best to save it. This is terrifying to me but it is the new normal. Consider the incredible rally of amazon now surged from 1,676 in midmarch to 2,300. A new high you could imagine how many Small Businesses will never come back and they are forced to close and amazon is taking their customers. You cant beat amazon unless youre walmart they have too much scale and amazon and walmart have been crushing mom and pops for decades but this is thrown fuel on a fire might have taken years or decade to play out i could only think of one way to turn back the clock, antitrust and that would raise the market that keeps climbing. There is hope for vaccine. Later tonight well hear from Emma Walmsley who formed an alliance with sin ovie for a vaccine. At the same time johnson and johnson reported a starstudded quarter this morning where they talked extensively by the vaccine theyre working on that is certainly ahead, maybe were talking about this year and results in the First Quarter next year, could be that early many vaccine candidates are in the offing even as i think they are hard to make all of this on top of good news from gilead about remdesir jp Morgan Morgan and wells fargo terrified me of gigantic loan losses down the road im not hearing about mass Contact Tracing which are needed if were ever going to reopen to a robust economy i doubt the market will revisit the march lows it wont surprise me if we got hit with a pullback since were over bought as we are oversold that is not what the market cares about at this moment at the end of the day, the stoom is made up of big, Huge Companies not the backbone of our economy. You dont have to like it. I know i dont but it is the big dogs with pristine Balance Sheets and jieg andic scale that survive this lockdown unlike mom and pop outfits, they could afford to go without customers for a very long time it is unfair its wrong but like it or not, its reality. Lets go to daja in california caller what is going on, jimmy. Cramerica. How are you. Hanging in. How are you partner. Caller doing all right calling from california and from bucks county, pennsylvania, your old stomp ground if you could wish my roommate gary a happy birthday turning 28, loves your show. Happy birthday. Always have time for that. Appreciate that kindly. Thank you, thank you and then real quick my question. So outside of netflix, who do you think the winners for earnings will be and outside of the Banking Industry who do you think the losers are this week. You like anybody who does great in the stay at home economy. And then work from home economy. That is the netflix and that is the activision it is the roku we all love teledoc. The losers are the financials because nobody can figure out what they are doing. Thank you for the kind words happy birthday mike. Caller booyah. How are you. Couldnt be better. Caller me too. Action alerts member here. Cant wait for tomorrow. Conference call tomorrow. Were going to rock. What is up. Caller this year we took a position in activision and took our profit and sold it. Right. Caller is this a good time to revisit this stock again since the video game market saw an increase in game play due to covid19. I have seen and i listen to bobby kodak, the ceo and ive never seen him this bullish. That made me think, even at 63 and i know we sold it at a good trade for travel trust it could work here lets go to reid in california reid caller hey, thanks for all youve been doing here in these crazy times and i appreciate you taking my call. A pleasure, reid. What is up. Caller my question is about American Express i bought shares a few weeks ago in the low 90s and im hesitant to buy more given the market volatility and this morning it dropped, is this the time to buy. They have a lot of travel and leisure and a lot of corporate expenditure and Small Business all of these i think are problematic. I think you should stay away from that one. I dont think it is the right place to be. Look you may not like it but were living in a new reality on shmad money tonight, a coronavirus vaccine. How will two drug giants used against each other help in the fight against the pandemic i have the exclusive. And how is the Monetary Policy helping defense im going off the charts to find out. And labs roll out the first dry food testing sites in the United States what is next for bio reference im talking to the man in charge 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 1800743cnbc miss something head to madmoney. Cnbc. Com. At t has connected us every day for over 100 years. And were here for you especially now, doing Everything Possible to keep you connected. Through the resilience of our network and people. We can keep learning, keep sharing, keep watching, and most of all, keep together. Its the job weve always done. It is the job we will always do. Shbecause xfinity mobilehen ygives you more flexible data. You can choose to share data between lines, mix with unlimited, or switch it up at any time. All on the most reliable wireless network. Which means you can save money without compromising on coverage. Get more flexible data, the most reliable network, and more savings. Plus, get 200 off when you buy an eligible phone. Thats simple, easy, awesome. Go to xfinitymobile. Com today. If we really want to beat this pandemic, not just contain it but turn back to the clock to a time when we dont have to worry about the coronavirus, we need a vaccine the largest players, glaxosmithkline and sin ovie announced a partnership to do that and scale up production it will take months before we see results but any progress is a positive that is why i was thrilled to sit down with Emma Walmsley from glaxosmithkline. Take a look. Emma, i think this is a historic alliance. Could you tell us what each party brings to the equation. Sure. Hi, jim. And thank you to the Front Line Health Care workers and the scientists in the world working to stop this virus what we announced today we think is an unprecedented between the two biggest manufacturers, two leaders bringing proven Pandemic Technology and scale to develop an vaccine for covid19 so sin ovie are going to contribute their antigen and we have a antigent which is a booster so you need less than antigen in the h 1 n 1 we needed far less a lot of work to do. But we also of course both bring significant manufacturing capacity and if were successful, that were hoping to get to hundreds of millions of doses by the end of next year. But a lot of work to do and were sure that the world will need more than one vaccine considering the state of demand. Emma, why is this particular illness so much more difficult than other things that weve seen you tackle . Well, there is an enormous amount we dont know about the virus. And there are scientistics and akahics in industry and beyond it working hard and exchanging data as fast as we could to understand it. But where youre right is it definitely shows a need for us all to invest in pandemic preparedness for the longterm and that is something that gsk wanted also, announced today this collaboration is one of seven were doing in vaccines for covid19 and were committed when we look at that whole portfolio of vaccines not to profit during this pandemic but to make sure were reinvesting in Covid Research and not just for covid19 but for coronaviruses and also in longterm pandemic preparedness, be that with gsk own investigations or other institutions and governments as we start to think about how the world can be better ready next time we think that is a very important contribution to make. Emma, i think of the two companies as competitors not just competitors because youre approach things but it is difficult to imagine the collaboration. What happens have you already gotten together and realized what your strengths are or merge into one room and the reason i say this because i dont know if people understand how historic it is to get these two companies that are both great at what they do to collaborate in a way that is not for money. Well, first of all, we still do want to make sure that we price responsibly in any shortterm profits are invested in future research but now is not the time to be thinking about competition, jim. This is a crisis whether or not from a direct health point of view, an Indirect Health point of view considering the economic ramifications that were all just starting to realize now it is all hands on deck. Whether that be across the industry, the variety of collaborations or with various important institutions like the gates foundation, sappy, the w. H. O. And governments around the world. We firmly believe that now is a time to have an approach from our point of view that is about partnerships, that is about a global approach, obviously countries want to take domestic care but it is important with Global Supply chains and Global Insight we look after the most popular nations in the world are going to be hard hit with fragile health care systems. It is a time to be looking at commitment to access which is why weve also said that we would like to be zone donating to the poorest countries and again it is really critical but were talking about investing in longterm pandemic preparedness our industry has a really important purpose to both prevent illness and treat it when it comes and im really proud of colleagues and also others that sit around the industry table and how we are pulling together to try to find solutions. How do you develop your time frame. J j said were going to start in september and could have something in the first half and you folks are talking about the second half. What happens if it is much more difficult and weve been led to believe that there is something out there and it turns out to be, once we found out the facts, this is very different from young and different for old, there have been some problems, we know that there have been people who died from vaccines that werent ready yet. Yeah. What gives you the encouragement there could be something out there. Well, first of all, youre absolutely right, jim, this is still, as with all research in vaccines there is risk involved and no guaranteed and a lot of work ahead normally it takes a decade to develop a vaccine, sometimes even longer. In this case, i suppose we get a bit more confidence its were talking about proven technologies whether it be with the protein based antigen or with this anti both are already licensed and were seeing incredible engagement and collaboration from regulators to help us set up the right kind of trials and were investing in capacity at risk as well. Because every day lost is an expensive one from a health point of view and an economic one. So i think it is really important to emphasize that for thats would wish it was all going to come back much faster, we have to guarantee safety here we have to guarantee efficacy and we have to be thoughtful as an industry on how were going to get to scale manufacturing because obviously the Global Demand is going to be extremely high and frankly there will need to be more than one vaccine so, again, this is not a time when were thinking competitively. It is a time when we hope for success for everybody, all of the Companies Large and small, to be able to move forward in the meantime to have effective treatment too is going to be extremely important to support the Health Systems and the Health Care Workers that are under so much pressure. Would be willing to be the first person to take it when you do face one . If it was appropriate, then i would always want to be at the service of the Health Care Industry well, it was asked because i feel like that im trying to figure out who gets the vaccine first and what is going to reopen and im very worried there is a real pressure here to reopen but we dont have a vaccine. And i would love the vaccine so we could so i could get it and reopen and someone called me a scaried cat because we dont have antibodies or testing or Contract Tracing and we dont have a vaccine to me that is the checklist of what we like to have before we have everybody just traveling all over the place and feeling great about themselves well, i think it is a really important point. There are hard working governments all around the world being very thoughtful about what a phased, responsible, discipline opening can and should look like while protecting the health and well being of their citizenry i think it is increasely clear that an complete exit from this is going to require vaccines at scale, probably antibody at scale and degree of tracing as well because as weve seen the Tech Companies coming through with some very positive potential contributions on that side as well but in the meantime, since all three of those things are the scale on a global scale may take up some time, were going to have to adalt to new ways of living and working but there are plenty of profound experts working on thinking about the right way to do that as we cycle out of the well first flatten the peak infection rate and then start planning intelligently for that. Thank you for what you are doing and people should recognize that the collaboration is historic, unusual and it is just a testament to the times. But Emma Walmsley, leader in our business of leader in business and it is important that we saw you put a face to this because it is an amazing thing that youre doing thank you so much for coming on mad money. Emma walmsley from glaxosmithkline. Jim, great to see you, stay well. You too we need to unite all the trolls. Like rock, reggaeton, and techno. Get ready for the drop wait for it wait for it come on man hit me wait for it just do it already one more time yeah. The World Premiere is now in your home. Some Companies Still have hr stuck between employeesentering data. A. Changing data. More and more sensitive, personal data. And it doesnt just drag hr down. It drags the entire business down with inefficiency, errors and waste. Its ridiculous. So ridiculous. With paycom, employees enter and manage their own data in a single, easy to use software. Visit paycom. Com, and schedule your demo today. Got a little torn here market is probably bottom thank tos the congress and the Federal Reserve. I doubt well visit the lows from weeks ago but wall street is being cavalier about all of the damage caused by the pandemic particularly today i dont think we could turn the economy back with a push of a button if you think we could go back to business as usual next month youre fooling yourself. Anybody that listens to the jp Morgan Conference call was muted. You need to own some stocks but be careful after this big rally which i rather know the difference between the good and bad is so stark. You dont want anything getting blasted by the lockdown. You want stocks that are recessionproof. That is why tonight were going off the charts with bob lang hes the founder of explosive options. Net and the brilliant technician behind the street. Com newsletter and the author of know your options to look at the defense contractors. That is right. The Defense Industry is relatively new to the economy and Neither Party wants to propose cuts to the pentagon during an election year. And raytheon joined forces with united technologies. I havent talk about the that enough these deals are great for earnings so let me walk you through the largest players in the industry starting with the daily chart of the new and improved raytheon which includes the core Aerospace Industry from prat and whitney and the combined company is a powerhouse. What about stock when the market was rolling over, this lost 55 of the value. This is one of the worst performing stocks on the market. I dont think people understood what it was. Since the lows in mid to late march they have erased half of the losses we see the green line turning oup and weve seen strong volume in the past few days that is good to him that means big Money Managers are buying this hand over fist. And look at this measures buying and selling pressure has been extremely bullish after being not so good. Boom, i like that a lot. Best of all, look at the moving average or mac dline and an important indicator to spot changes in the stock before they happen at the end of march raytheon mac d made a line and that is the single and this one will be a positive pattern in the book and put to together and long could surge to 80 before it runs into any resistance about a 20 gain here. And that is why raytheon is the favorite name in the group and when i saw this, i have been angry at myself that i did not do the separate, the otis, which i like because in china and this one, this is a very, very powerful chart. Lets go look at the one that has been my favorite lets look at l3 harris. Like raytheon, a nice run off the lows so it is not at the bottom stock is budding up against the ceiling of resistance at 192 today is broke out to 107 to 207. My bad and this is a breakout through all of the different levels. That is very powerful. It is a perfect buy trigger to lang the relative strength index is showing healthy momentum the 20 Day Moving Average is curving up to give you a nice floor of support. So that is underneath the level. That is good you want that. And l3 harris has the 200 Day Moving Average the red line but i have to tell you something, that is around 201, i think youll see that one taken out. Lang thinks you could buy right here and then buy more if it goes down to 185 a technician would jumpship if it went down, not this one this is a very strong, very strong chart l3 and harris together well run. Next up these are both mergers. Next up is Lockheed Martin the stock got hammered during the meldown and then rebound and last week it smashed head first into the 200 Day Moving Average and then pulled back but after a few days to regroup it surged up to 380 today. Well, broke through that resistance and a bullish cross over, remember how important those are, right there reliable the strength index showing strong momentum. See that break out there and that is still not in overboard territory. The market itself is overboard, the entire s p money flow stays positive. So we look at all of these rsi nice this has got everything going for it lang recommends buying Lockheed Martin but after breakout today i dont know if youll get that. Ive always liked Lockheed Martin but it doesnt have the growth that l3 harris or raytheon and finally Northrup Grumman. Now that it is rebounding the stocks erased the bulk of the losses and down 10 from alltime highs uhhuh, that is too tight for me i want ones that are down a lot. The chart shows resilience take a look at this money flow it is been green the whole time. Buying and selling pressure. It barely dips in the red and now strong rsi, good momentum index doing good a series of higher highs and higher lows. And Northrup Grum man after the smooth sailing it climbs to an alltime high. Bottom line in a tough economy the defense contractors make a ton of sense and the charts interpretted by bob lang suggest that all of the companies could substantially more upside going forward. My favorites are raytheon and l3 harris georgie in pennsylvania. Caller booyah, jim. Whats up. Caller well i have a question for you i just retired in january at age 73 and thankfully have a considerable portfolio of value dividend paying stock. Excellent. Caller thank you my question is on General Electric which i bought for my grandchildrens custodial account some time ago around 13. I would like to know your thoughts of investing in ge at the current low rate for my portfolio to expect a return within the next five years or so. Okay, five years, okay. Georgie, there was a negative piece put out this morning by jp morgan called one of the most over valued names in the market. It is daunting but that longterm view is fine. To dwight in texas. Caller booyah, jim first time investor, first time calling. New to the game. Everybody is taking a hit with the coronavirus but im feeling good with 5g what is your opinion on marvel ticker simple mrvl. The number one 5 good name and that is why my travel trust has a huge interest in it. Going to talk about that at the club call. I think this stock is showing us that it has 5g all over it look at that chart it is fantastic. Defense contractors make sense here the charts suggest they have more room to run and i agree. I like the l 3 harris and raytheon a ramp up of the coronavirus [ inaudible ]. And then what will it take to reopen the country in all of your calls in the edition of lightning round so stay with cramer. Our Retirement Plan with voya gives us confidence. Yeah, they help us with achievable steps along the way. So we can spend a bit now, knowing were prepared for the future. Surprise we renovated the guest room, so you can live with us. Oooh, well. Im good at my condo. Oh. I love her condo. Nana throws the best parties. Well planned, well invested, well protected. Voya. Be confident to and through retirement. But when allergies attack,f any the excitement fades. Allegra helps you say yes with the fastest nondrowsy allergy relief and turning a half hearted yes, into an all in yes. Allegra. Live your life, not your allergies. But right now, the world needs all the good that we can do. To everyone working to keep america strong, thank you. To slow the spread of the virus, everybody wants to get back to normal but we cant reopen the economy until we have more testing otherwise were right back to where we started from. We need to test the millions of people who want to come back to work and then keep testing it. We need Contract Tracing, so important when we get a flareup we could swifty stamp it out then which brings me to bio reference laboratories they had the first coronavirus test approved a month ago and since then theyve been ramping up testing when new york and new jersey opened the first drive through they were run by bio reference and lets check in with dr. John cohen from bio reference laboratories to get a better sense of what we need to roll out mass testing welcome back to mad money. Thank you very much it is great to be on. So tell me what is the bottleneck here, why are we not getting millions of people tested well, jim, there is two different types of test. The first test, which is the covid19 we call pcr test, that is the one that detected the virus and the one that all of us are trying to test as many people as possible within a short period of time as possible the other kind of test is the sirology Antibody Test that everybody is talking about which is much more helpful to get people back to work because with that kind of test we could test hundreds of thousands people a day compared to the viral test where we test less people than we can for the serum based test where the sirology test. So we have at one point we had roche test and thermal fisher and now we have abbott and bio reference. Fill me in where these all fit in and why i couldnt go up to a empty mall parking lot and just get swabbed. It is complicated the pcr, the covid19 test is fairly highly complex. It is a testing of the vier and you have to get the swab and get the rna out of it and then run the test and get it back to you. So you mentioned a bunch of different platforms. Were running four different platforms that you mentioned to get our volumes up to where it is of over 20,000 people a day currently. Each one requires a different recipe and takes shorter or longer to run but in the end you get the same result but they are a different platform and it takes enormous amount of staff and people to get those thoings running the right way 24 7 we werent built to do this. Nobody was five weeks ago. Weve tested 250,000 people in the last four to five weeks on a test weve never had run before. Well, do you think that we can reopen the economy with just that few number being tested even though that is monumental given where we were five weeks ago. I think the answer is the other test, the Antibody Test which will be up in the next week to several weeks, again on some limited platforms and then on some High Performance platforms. With those platforms well be able to run several hundred thousand people a day. The difference is two things on the sirology Antibody Test, one it tells you whether or not you have immunity to the disease it is like having been vaccinated and the second is we believe it will restore confidence to let they nome theyre working with people who have been exposed and now are immune so those two factors will have an enormous impact on getting the economy jump started again. Wow, that would be really fabulous that is what were most worried about. I see all of the i see very people who have died between the ages of, say, 2 and 20 do you think they have immunity . No. Im a jim, you probably know im a physician. Im sitting right in the epicenter of this thing in new york and long island this is an serious disease and people think it is random about who gets the disease or who dies and gets seriously ill and people in their teens or kids who have it now and some pregnant women that have it but people in their 30s and 40s and 50s have also died and the key is to figure out what the genetics are of those people relative to the people who had no impact. Someone is going to figure that out relatively soon. It is probably related to your immune function, your ability to fight off the disease. But that answer is not available yet. But i would warn people that young people and people in their 30s, 40s and 50s get this disease and could die as a result of it. Doctor, there has been a lot of talk about vaccines but after listening to what youre saying, were really far away from a vaccine to this thing. Yeah, ive heard what youve heard. I dont know if the vaccine is six months away or a year away which is why the sirology Antibody Test is relatively important. We just dont know how many people are Walking Around who had the disease. Well know that within hopefully the next four, six or eight weeks whether or not 30 or 50 of the American Population we think will actually have had the disease. That will have a huge impact on what people think and, again, their confidence to reappear in society and go back too work. Now you are working with a huge number of organizations new York State Department of health, health and hospital, state of new jersey and state of florida and detroit and miami and is there more you can do i read a very tough difficult article in atlantic did either labs and i wont mention it but you were the high volume guy well, listen, there is a there is a couple of National Labs were all trying to do the best that we can. What we did is because of our relationship with new york state and the actual governor of new york, Governor Cuomo had the foresight to say we need to get testing started early and as a result we did the new drivethru in new rochelle and running drive through test sites, in florida, detroit, new jersey, new york city, et cetera were running testing for hospitals. We continue to run criticals for the hospitals with the patients that are in the hospital or in the icu. We believe and continue to make sure that those patients get a turnaround time of 24 hours or less so that the front line physicians and nurses and emergency medical folks and all of the staff could get that result as soon as possible to take care of those patients. So, yes, were doing the drivethru and the hospitals and then doing First Responders and then after that doing people who are symptomatic. So as you could see, were trying to prioritize but there is a huge need out there still. And one last question youre on day two and not symptomatic and definitely could give it to other people. Could i be sure that im detected you could if you get a covid19 pcr test it will tell you whether or not you have the virus currently or dont have the virus. If you have the virus, then you need to stay away from people and hopefully youre not getting too sick as a result of it and that is where you need to shelter at home for at least 14 days before you go out and expose yourself to other people. The second part of that is eventually after you had the disease is whether or not you test for immunity to see what your immune function looks like, whether you have it is called igg which is immune function to the disease. All right doctor cohen, thank you. You made this thing really clear for me for the first time. Thank you so much. Really appreciate it. Thank you that is dr. Jon cohen chairman of bio reference labs that made a lot of sense to me mad money is back after the break. soft music [female vo] restaurants are our family. The cornerstone of our communities. And our family needs help. Right now theyre facing a crisis. And theyre counting on your takeout and delivery orders to help them through. Because if we dont treat restaurants like family today. They might not be around to treat us like family tomorrow. Grubhub. Together, we can help save the restaurants we love. [female vo] restaurants are facing a crisis. And theyre counting on your takeout and delivery orders to make it through. Grubhub. Together we can help save the restaurants we love. But when allergies attack,f any the excitement fades. Allegra helps you say yes with the fastest nondrowsy allergy relief and turning a half hearted yes, into an all in yes. Allegra. Live your life, not your allergies. Announcer lightning round is sponsored by Td Ameritrade it is time. It is time for the lightning round. And then the lightning round is over are you ready skee daddy paul. Caller hey booyah jim. Thanks for taking me call. Ive been a big fan since i read on the dotcom. 26 years ago. It is a long time caller what do you think of alcoa. I dont like the medals, theyre too hard to be so im saying no to that. And here is a to joe in florida. Caller booyah jim. Caller booyah, joe youve put me on this stock it is run up 50 what should i do now [ inaudible ]. We all need to be able to keep ourselves better especially after what is happened here. I say you keep it. Glenn tollman did a great job. Founder, stick with it jack in ohio. Caller thanks for taking my call as an excellent track record [ inaudible ] or pass oke, one oak. It did get a plate up and that whole group is really hurting. Lets go to leo in ohio. Caller booyah, jim cramer, how are you. Im good, how but you. Caller great quickly i bought tesla tesla is going higher there is a guy that upgraded it. All of the analysts still have to get behind it it goes higher brandon in california. Caller hey, jim. How are you doing today. Im doing well. How about you. Im doing great thank you for taking my call and thank you for your team for putting on this informative and entertaining show every day. Well, thank you appreciate you guys. Every day for i dont know, our 16th year. Whats up. Caller so im looking forward to a longterm bet on xerox. I think that is a mistake after what they did to try to buy hp, they embarrassed themselves lets go to people with dignity. To tom in new york tom. Caller booyah. How are you. Im good how are you. Caller i miss bar san miguel and the long shoreman. I hope they come back soon. Closed until further notice, thank you, though. Caller with that, what is your take on sun power. Trying to relate in my own mind i think that im not a fan. Not a fan of sun power the best sun business is in tesla. So lets just go back to tesla to troy in louisiana troy caller hi, jim, thanks for taking my call i was wondering about Carnival Cruise lines they had a tough interview today with sara and will im not i know the bookies are going to be were hearing the bookies are good anything is possible i dont care for the industry, lets put it that way. To kobe in virginia. Caller hey, booyah, jim. Booyah, kobe. Caller long time listener, first time callir. I was wondering about pinterest. I thought they were good and everybody freaked out and didnt like their guidance. It made they think that the company longterm view may not be as viable but people say the same thing about etsy too. And that, ladies and gentlemen, it the conclusion of the lightning round. Announcer the lightning round is sponsored by Td Ameritrade mom look take something that can wipe you out . Or dont, and fight through every second. New quickdissolve nurtec™ can bring you back when migraines attack. Just one dose can work fast and last so you can keep going. Dont take if allergic to nurtec. The most common side effect was nausea. Nurtec one migraine. One dose. Onederful™ one migraine. One dose. You cant always stop for a fingerstick. Betes with the freestyle libre 14 day system, a continuous glucose monitor, you dont have to. With a painless, onesecond scan you can check your glucose with a smart phone or reader so you can stay in the moment. No matter where you are or what youre doing. Ask your doctor for a prescription for the freestyle libre 14 day system. You can do it without fingersticks. Learn more at freestylelibre. Us. Want you know where we are were stuck between a rock and a hard place we want to reopen the economy but another spike in covid19 hospitalizations i love business. I celebrate it every day i want to open yesterday i have steaks in two restaurants that need to open. We need customers. But we also have to be realistic. I love the attitude i heard on the jp Morgan Conference call this morning it sent the stock down they want to maximum Public Health and minimize economic disruption when is it safe to bring employees back to work they wont make predictions. Theyre waiting for the thumbs up from the cdc and local governments. I know it is wishywashy but this is the right approach if we open prematurely well have to shut everything down again. You could imagine . So what needs to happen before america could open for business . First and foremost we need easy testing. I want one of the abbott tests being used by Health Care Professionals and once i know im okay and other people are okay hell feel much better. Even if we lift the lockdown, the economy is not bouncing back until people feel safe it go outside and i like to hear about the sirology test. Hey maybe in six weeks that is not all i want i want everyone to wear a mask it is ridiculouses that they are not required in every workplace. Where the heck is osha i dont want people getting sick at work and dont want them to get me sick. I turned 65 and i see scary ads about my age you need masks for in Public Transportation give us n95 masks and make them free for everybody what about Contract Tracing. Google and apple will let you find out if youve been exposed to someone for kroid from your phone. You do have the register so your phone knows when you come in contact with someone when youre sick i think that is ideal. It is a big part of the puzzle finally without a vaccine which we know wont be available until next year at best i want an antiviral to get me out of the hospital if i get sick are those too much to ask . When we flatten the curve we did so by sitting in our homes the whole point of the lockdown was to buy the authorities time. Time to build out testing sites and set up Contact Tracing wasnt that what the delay was about . If we try to reopen the economy without this stuff, we could be right back where we started. Remember were not like this, were just flat. Like this. And you give us home testing, testing in abandoned parking lots called malls. Blood testing at your doctor for the sirology and at apple and google contrast tracing and you have what you need to have a roaring economy. Without some combination of these things, i dont think it is safe for the country to reopen yet more importantly, i think most people should just stay home even if the government lifts the lockdown you have to make consumers feel safe before they start going out again. I just gave you the recipe end of story e, take allegrad. A nondrowsy antihistamine plus a powerful decongestant. So you can always say yes to putting your true colors on display. Say yes to allegrad. To putting your true colors on display. When yowhat do you see . Itical issues facing our world, we see breakthrough medicines getting to patients in record time. We see harnessing natural gas unleashing the promise of clean energy. We see engineers simulating the future to improve today. At emerson, when issues become inspiration, focusing core strengths to create a better world isnt just a result, its a responsibility. Emerson. Consider it solved. Dont want to rain on a Beautiful Health Care Technology consumer backage goods run here but tomorrow were hearing from united health, they have to deliver a good quarter and the banks acted terrible today i want broad first class full participation. We cant lose groups because this stock market has gone from here to here and we have to be careful. Theres always a bull market somewhere and i promise to find it for you right here at mad money. Im jim cramer see you tomorrow marks in turmoil begins right now. Tonight what were facing before we can restart the economy. Are we going to the meet the challenge. Market recaps and medical updates. Markets in turmoil, next watch and listen live on the cnbc app good evening day 107 of the Coronavirus Crisis breaking news tonight President Trump cuts funding to the World Health Department organization and the virus killed 10,000 new yorkers. Stocks on fire today picking up lost ground. The future is as clear as mud. There are questions about how sustainable this rally is. Its a process that will be the most challenging. New details on how several