Points, nasdaq advancing. 39 . Yep, i thought id never say this again, but this market is being, are you sitting down, are you in front of your tv set, your laptop, desk top, mobile phone, sit down because the strength is from overseas. Thats right. R. O. W. , the rest of the world and not a moment too soon. Its time to face some facts, people. While the economy of the United States is slowly grinding, getting a little better, not so fast we lose the feds help as we learned again today with another fed head saying good things, the economics overseas have truly started percolating and they have shifted in wall street from being head winds to tail winds. And the absence of real leadership here as i said last night, we can take a cue from over there. For months now, people are doubted my call that europe has turned, but the strongest markets of late have been spain, italy, greece, ireland, portugal, all up double digits since june performing substantially better than the United States. Two years ago, we were worried that spain was going to default on its debt, now the debt is a worldwide favorite. It was supposed to be so dire, well, 2 3 complete for 2013, greece is running a surplus for heaven sake. Those people who bought italian bonds who caused the dow to go down 400 points in a single session 19 months ago, well, theyve made fortunes. The euro, is now doing remarkable, bottomed a year ago. The reason the strength in the euro has been attributed to worries about the u. S. Economy. Please, thats just the press being too negative again. Its europes strength. Not u. S. Weakness thats driving the currency. The turn in europe is happening so swiftly that u. S. Companies just reported beginning to see the strength, only in the mid part of the quarter. Thats right, they saw the strength only in mid quarter taking companies so by surprise, theyre mostly in disbelief. Mostly the gigantic Auto Companies like ford and gm. They didnt anticipate this turn around. The tech supermarket with business in europe will tell us the same thing when we speak to them later in the show. How much do i believe in this european turn . There are still plenty of skeptics out there, i like that, i am not one of them. My Charitable Trusts have been buying outsized position in vgk. Trust has also bought a ton of ebay, which is the u. S. Company this quarter that complained the loudest about european weakness. Dont forget the europes use for google and apple. I am a big believer that this is an important breakout quarter for google. Its been languishing because of the rebound in europe and, please, please, never forget that apples got an amazingly outsized business in the continent. Right now, apples getting a boost from the news that carl icahn is taking a big stake in the company. Carl icahn is the leader of this particular moment in the market. You know what, i think it makes sense to follow him, the stocks cheap. Theres a new iphone around the corner, ive never heard expectations so low for a new apple device ever. Already theyre calling it a flop. No ones seen it and its a flop. When the stock got crushed down below 400 and analysts cut the price targets and many of the price targets are below where the stock is trading given the 27 run from the low in april, that means one after another, these trend followers are going to have to raise their price targets again. Yeah, i know the business is that stupid. But tomorrow morning, youre going to hear, buy, buy, buy. Going back to 600, buy, buy, buy im not kidding, european banks could be the best speculative plays of all right now. Ubs and barclays, they raised the capital they need but theyre still despised. My two favorites, bbva, a huge spanish bank that was supposed to be at deaths door and they hated rbs where i am constantly berated on jimcramer. Come on, cramer, its a ward of the state. I want that ward. I think these can be gigantic stocks the rest of 2013. I think these two stocks can go much higher before they reflect all the good news or get any serious institutional backing. Plus, you know, bbva and rbs have very big and very profitable businesses in the United States that arent factored into the valuations. I dont know how you can stay away from both these two. How important is the turn in europe . Its terrific news for china. Which ships 24 of the goods to europe and its been a black hole for the chinese. Chinas been trying with mixed success because europes been terrible at trying to shift things. These efforts have caused the chinese economy to slow down bit by bit. Im calling it chinese economic water torture. But the turn in europe has arrested decline in chinese growth and its begun to take the hard landing off the table. And its why were starting to see some positive momentum out of the chinese stock market. The impact, the worstperforming stocks for much of the year, the minerals and mining stocks have now become the best in show. Later on this show, well hear from chart industries, a company thats seen a dramatic acceleration in equipment orders from china. So has cummings, and you wouldnt know it, just when caterpillar has finally guided down to the bone, its shortterm view of china, the peoples republic might be coming back. Weve seen huge reversal in mineral plays ive seen like like vale and joy global which no joy in global. But right now, prices seem to be going higher. By the way, the price of oil stopped going down. Im calling that chinas impact too. Lots of people playing japan. They get disappointed when they see individual macro reports showing the turn isnt happening fast enough. But when you talk to companies in the u. S. That do business in japan, Companies Like salesforce. Com which you know i like, you get an entirely different picture of robust orders and a sense of hope. Now, i have to tell you, these head winds to tail winds are happening at the right time. We seem to be rapidly losing some of our strongest props to our own economic recovery. I feel housings plain shaky. I hate the way the stocks were acting. I think Mortgage Rates may be ready to go another round higher. The rates are back up. Housings still very affordable, but not nearly as affordable as it was in europe and california. Higher Mortgage Rates are going to cool things. Yesterday sysco missed numbers guided down. Talk about a step down in consumer spending. People arent going out to dinner as much. Well talk about the battle going on within jc penney and how bill ackman resigned from the board after playing a big role of destruction after hiring ron johnson who was a oneman wrecking crew. Maybe were missing the big picture. What happened if penney, heaven forbid, cant make it . Do you know the ramifications of a rise and fall of a retailer that big . They will move the needle on the slowing of the economy. And then there is shocking news that the Justice Departments going to block the pending u. S. Airways amr merger. The linchpin in the rallies because of the seubsequent rise in airline prices. Counting on the Justice Department maintaining the rigorous and aggressive rip van winkle stance toward all combinations of business no matter how hurtful to the consumer. News is devastating for airlines. And excellent for the Aircraft Companies which is why boeing spiked so hard on the rejection. As soon as the news came out, boom, boeing took off. Well, now youve got a couple of airlines that can buy more planes and one Airline Company would be. Believe me, you dont want to lose the transports after youve already lost housing. Those were two of the biggest pillars on the beginning of this rally. Thats whats so important about this shift in the fortunes of europe, china and japan. Just when were losing some of our best domestic props. Heres the bottom line. I cant believe how many times our born in the usa rallies have been squelched. Now weve got a remarkable turn where we least expect it. And on days like today, days when we should have been down, the rest of the world saves us. Not a moment too soon. Harry in florida. Harry . Caller hey, booyah, jim. Yo, sunshine, whats up . Caller do you think theres hidden value in amazon given jeff bezos personal acquisition of the Washington Post . In other words, could this be the corner stone similar to googles news app . No, i dont think so. I mean amazon, the web services business, the amazon theres so many different amazons right now people dont realize. There are lots of different growth businesses within a growth business. And i think he will revoluti revolutionize newspapers. I think hes too brilliant not to have a new model. These guys are like game changers, but no im not going to buy amazon off of that. Im going to buy amazon because of the incredible retail momentum and taking over the world. Itll take over europe the way it did the United States. I want to own amazon. John in california . John . Caller jim, love your show. Thank you. Caller out here in sacramento, we love you. I wanted to ask you i talked to you a while back about dole. Now it turns out hes buying me out, its buying me out at 13. 50. Should i take the money . Or do you think theres more room in this sector . I had delmati, they sold out. In this sector, what do you think is the best play for whats coming up in the future . Well, first of all, caching caching on dole, weve gotten all were going to get. The pin action off of dole. Smithfield already happened, smuckers moved, campbells hasnt moved as much even though theyve been on fire. Maybe we do some campbells. I think that could be the right one. Paul in my home state of pennsylvania. Paul . Caller booyah, jimbo. Booyah, chief. Whats happening . Caller time warner, beat Second Quarter earnings on top and bottom line, raised fullyear guidance, grown eps at middouble digits. 14 1 2 to 15 times next earnings. Whats your outlook for the next one to two years on time warner. You called me a Great American once in an email, Great American demands you to come on this show. Ive got to tell you, paul, i think time warners not done going up. I think it can go up much higher. Did you see viacom . Its not nearly as good and keeps going higher. Welcome to mad money, not yet. But youll be here. Well, wonders never cease. Its true, we have International Love going and not a moment too soon. Mad money will be right back. Coming up milking it . The dairy business isnt the cash cow it once was. Soy and almond milk are now all the rage. Is it time to pour some assets into whitewave foods . Cramers talking to its ceo. And later, jaws of steel. Ditch the fish, shark week is over. But chart week has just begun. Tonight, steel has been weak this year, cramers diving in to see if this cage now has the strength to withstand these chart infested waters. Plus, fueling the future . Foreign demand for american shale gas helped chart industries crush the Second Quarter sending shares to a new high. But can it keep pumping out the profits . Cramers exclusive with the ceo is just ahead all coming up on mad money. 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. This man is about to be the millionth customer. Would you mind if i go ahead of you . Instead we had someone go ahead of him and win fifty thousand dollars. Congratulations you are our one millionth customer. Nobody likes to miss out. Thats why ally treats all their customers the same. Whether youre the first or the millionth. If your bank doesnt think youre special anymore, you need an ally. Ally bank. Your money needs an ally. [ agent smith ] ive Found Software that intrigues me. It appears its an agent of good. [ agent smith ] ge software connects patients to nurses to the right machines while dramatically reducing waiting time. [ telephone ringing ] now a waiting room is just a room. [ static warbles ] and this is my home team. This is my large lecture hall. This is my professor. And also my coach. This is my booster club. This is the guy whos graduating ready for a great career in technology. [ male announcer ] in 2012, 90 of Devry University grads actively seeking employment had careers in their field in 6 months. Join the 90 . Learn how at devry. Edu. You know the natural and organic food stocks have been on fire this year. But theres one name in the group thats been a little laggard. I think its time for this stock to play catch up, called whitewave foods. A business weve been behind, the big milk distributor before it was a publicly traded company on its own. It makes organic milk, iced coffee and various nondairy, soy milk and this incredible run in almond milk based products. You think this would be exactly what the markets looking for. But whitewave up 30. 5 since it became public back in october even it created twice the value doing what dean foods wanted to do. You see mass pickup and just reported a solid quarter last friday. Could this be the time for this stock to shine . Lets check in with greg engels the chairman and ceo of whitewave foods. Hear more about the quarters and where his companys headed. Welcome to mad money. Thank you. Im reading the Conference Call, listening to it. Going over the numbers, this is the hottest product in the supermarket, isnt it . Its booming. This category up almost triple digits last year. Up 50 this year. Our brands growing 52 , comp sales yearoveryear just absolutely booming. This is the stuff, we serve more of this than we serve regular milk . Whats happening here . Why . Well, i think there are a lot of things driving the move towards nondairy alternatives. Its health and wellness, right . So these have no saturated fat, this particular the biggest skew in almond milk, the biggest line is unsweetened. 35 calories for an 8ounce serving. So if youre having a bowl of cereal in the morning, youre getting 35 calories here, its got a great flavor and its gaining consumers from traditional milk. My vegetarian daughter told me to tell you that this is our favorite in the family. And what im trying to figure out is soy milk worldwide, you this lasts several months in our refrigerator. I like horizon, but shes a vegetarian. Is this a solution for a family on a budget . We find this stuff, we never throw it away. First of all, you will consume all this product because its got great shelf life. But these are really sustainable products. One of the things people look at this category and say is this a sustainable trend . Absolutely because we are making products farther down the food chain. Right . Theres no cow involved. Cows are a relatively expensive partner in your business if youre in this category. So these plantbased beverages are sustainable to produce, 1 10 of the water to produce these as to produce a gallon of dairy milk. Much less grain, much less land. Very sustainable products. And i think youre going to see a continual shift to nondairy alternatives over time. I dont want to slight the dairy. Thats a great business here. Are there any schools in the country that five years from now are going to serve regular milk instead of organic . Isnt this where everybody has to go . I dont think youll see it in schools because of the price point. Schools are on a budget. But when you talk about moms and families with disposable income, this is the most important product often times in their house. Okay. Its organic, great for their kids, they feel fantastic giving it to their children. They feel really good about what theyre doing for their family and it also is a highly sustainable, highly ethical brand. Great. I was surprised you had a partner. I think youve got the best brand name. But apparently just from the results so far, this Green Mountain is working for you. Were just coming out with this Green Mountain. And were excited about this. Were excited about this package. So we took the iced Coffee Business from the coffee house into the Grocery Store last year with our half gallon iced coffee offering. This International Delight offering. But this offering is closer to our home territory of International Delight. Its creamy, its flavorful. Its really a delicious indulgent coffee beverage. This is more for the hard core coffee drinker, a little more premium coffee flavor. Thats where were going with Green Mountain, were very excited about that brand and that offering. In the Conference Call you talked about the thing you were concerned about was the distribution, head wind of distribution costs. Why is that . Is that just something you cant control . Its really something unique to our business. And its a challenge but also an opportunity down the road in terms of our p l. These businesses grew volumes well up into the teens. Right. Right, this year volumes growing 9 or 10 in these businesses and our supply chain is full. Were putting in lines and factories as quickly as we can. So the distribution challenge that we have is were packaging silk pure almond, were sending it out to a thirdparty warehouse because we dont have the space to store the volumes were making, were moving it all over the country because the volumes are growing so quickly. Were incurring quite a bit extra costs that we will not have as we get our supply chain built thats the highest quality problem its a highquality problem. This morning, chipotle came out and said, listen, because of a beef shortage, were going to have to start serving beef we dont necessarily like to do, its not totally organic. Is that do we have to worry about Something Like that when it comes to regular milk . This kind of thing . I dont think so. Not in this category four or five years ago has grown 30 , 40 a year. That presented some supply chain challenges. That category today, its really gotten to be quite large. Its over 1 billion at retail. The supply chains pretty well organized. Were growing in the mid single digits. We have a handle on whats happening. When i spoke to you last, it was with dean foods, youve got to be satisfy with the fact that the breakup really has produced incredible results