Transcripts For CNBC Mad Money 20141121 : vimarsana.com

CNBC Mad Money November 21, 2014

Outpouring from you. On a day where the dow climbed 91 points, s p gained and nasdaq advanced. Their weakness is not their weakness. Our strength is not our strength. We can be thrilled about the onetwopunch of lower chinese Interest Rates and more promises from European Central bank that were responsible for todays rally. But until we see the huge infrastructure jobs and the wasteland. Until we see the germans spend a half trillion dollars to stimulate their economy, something that Angela Merkels government seems unwilling to do. You need to be careful. Were the ones with the strong economy. We have a Federal Reserve that get it is. That understands the number one jobs is to make our economy stronger. My late pop believed in the fed. More on that later. And you know where i stand on the one part of our government that is committed to encouraging hiring and business formation. The fed. But our strength is not their strength overseas and vice versus. I dont want anyone to get too excited and pay for Oriented Companies even good ones like caterpillar. And prices that are much higher than where they already are today. If you believe europe and china are turning, you know, go buy gm. Its done nothing. No. Its since been worse. But, you know, the company is not as hard as you may think. Its okay. But as long as Angela Merkel Herbert Hoover in a pantsuit runs germany than the European Central bank will be germanys largest economy in europe and merkel has been dead set against stimulus. I think only the possibility that a radical right wing regime might spring up somewhere in europe could change her mind. Honestly i think merkels intrance again is playing cool to the other members of the union they have profited from my other country. Even the horrific nazi regime embraced stimulus in the midst of recession. But today its too far. Its ridiculous. Dont get carried away about the stocks of companies that depend upon the rest of the world. Its a raw store. A move that is about the u. S. Or some of these companies that do well even if europe fails. The rest, you have to do a lot of hoping. I hate hope as an investment strategy. Im hope for an eagles victory on sunday but not this. Washington is going back to the normal partisan ways. Practically overnight. The president is fighting with republicans. Keep an eye own this. Its destructive to congress. As i tell you get rich carefully. The political scrabbles in washington has been the prime cause since the great recession. I see no reason not change go forward. You have to hope republicans go to court to stop obama rather than organize strait another horrible shut down that hurts business. Our government has dissolved into a reality tv show. It might end okay, drama leading to the outcome can do some real damage to your portfolio. Right there. I have to put that in your head. The market is pretty buoyant here. Lets go over the game plan for next week. First, on monday at the close we hear from two of my absolute Favorite Companies that also happen to have ktwo of the most expensive stocks. Palo alto and workday union capital. Like a cloud based company. Unfortunately the names have sky high evaluation matters now. You have to hope theyre like splunk. Palo alto as terrific as it is trades at 78 and up 90 year to date. Workday has a lot of inferior competitors. Times you can love a Company Without being crazy about the stock. Thats how i feel about these two. Next is up the shoe market. Is it alive . Is it well . And is it a dsw designer shoe ware house . I think so. The stock is down 22 . I like that. Well find out for shoe on tuesday morning. That said, i had to check my bullishes here. Reer ha reversal in foot locker today. Cant get carried away. Especially chemical maker valspar. I wish it went so close to the high. It makes it more expensive than coatings competitor. And it may not be as good as ppg. If it comes in, because the industry itself is red hot, we hear from tiffany which has too much exposure to japan for my tastes. I say maybe a little more cautious. Then theres i personally am not a big fan of having a huge slice of american cheese on my apple pie. Many americans are. And they have money in their pockets. More money than they thought when gasoline was 4. Thats why the stock has been on fire. And why i expect Cracker Barrel to report a cracker jack quarter. We gets results from hue lard packard. I cant wait to get my hands on the 3d printer business that will put the printer stuff into a new company hp. They somehow manage to screw up. Not the quarter but the Conference Call about the quarter. This is another name where the company is better than the stock but its not expensive. Typically to your report a terrific number. Everyone goes crazy to the upside and the premarket. Management starts the Conference Call. And the stock gets slammed. These guys are cold water throwers at heart and soul. Drives me crazy. Its, their style. Maybe this time its different. Famous last words. We get results from seadrill. Maybe theyll tend not to drill down too much. That makes the stock a little dangerous. I know, you love the yield. Thursday is thanks giving day. Go be with your family heaven knows thats what ill do it. I mean it when i say that. Finally, the japanese economy is truly all of. On thursday and friday we get the verification. They dont celebrate thanksgiving in japan. Theyre issuing their housing numbers. Theyll be awful. Remember, their weakness is not our weakness. Keep thinking that. Here is the bottom line. When you hear officials in china and europe are doing something to turn the economy around dont let it run away from you. Its about u. S. Stocks that dont have much international exposure. Stick with what is working. Please be a little circumstance couple spect about Everything Else. Lets go to cherie. Caller hi, jim. Im wondering for its a good time to add to it. To sell or hold it . I want do you hold it. This group had a bit of a dive. I think a lot of people are feeling the stocks moved up too far too fast wait to add more. Get a better basis. I care about by sis. Lets go to jay in texas. Caller hey, jim. Im a huge fan of your work. Thank you. Caller i wanted to pass along my condolences for your personal loss. Thank you. Well talk about that more in the show. Thank you. Thank you. Caller and the stock i had in question today is the struggling honda moters. Yeah. I dont want to Court Problems in overseas automakers. We have gm and ford down a lot, and they themselves have to struggle. These are companyies that are play on worldwide growth. Thats why theyve been bad. Ive been telling people own gm. Its not been a good name so far. I believe if you think europe is going to turn around then gm is the place to be. When it comes to china and europe turning their economies around. Please do me a favor and kush your enthusiasm. Millions of americans are ready to spend their hard earned green this black friday. Before you set an early alarm and hit the mall. I have three stocks that are hinting at the help of the luxury consumer. Whether its your pet or entire farm. Theres one Company Providing care for them. Ill give you the scoop. A special tribute to a special man who taught me everything i know about business and whole lot more. Why dont you stick with kramer. [ male announcer ] each day you see options experts jon and Pete Najarian reporting live from the stock exchange. And now their new book will teach you how they trade options for free. We receive so many emails and tweets wanting to know our secrets on how we trade options. So we wrote an entire book on it. And if youre one of the first 250 people to call in right now and just cover the shipping and handling, well send you a copy for free. If youre new to options, our book will show you how to get started. And if youre an experienced options trader, it will show you how to take your trading to a whole new level. Its all right here in this book, folks. And today its free. Start Trading Options like we do to make more money from every dollar you invest. And to keep making money in both bull and bear markets. Theres no other Options Training resource like our book. And today you can get it for free. So call now. [ male announcer ] call the number on your screen now for your free copy of jon and petes new book. Thats. see the number on your screen i know my father is the greatest guy in the world. Unlike the other dads who told their kids to read the sports pages, my dad go ahead rip them off show it my dad [ cheers and applause ] instead, he had me read the stock pages all right, let me give this a try. Pop loves seven things. His business, the stock market, his independence, his work outs, his country, the eagles, and his family. He talked about them until he died wednesday night in a hospital in philadelphia. Pop worked all his life, he was supposed to retire when he turned 90. A little more than two years ago. He couldnt bring himself to stop working. He had built a business over 50 years. His National Gift wrap and box company and the International Packaging products. He changed the name because he sounded bigger. He sold gift wrap, tape, stretch bands, boxes, mostly 5 x 9. Thats inches. And ribbon and Everything Else retailers needed. Mostly to mens and womens apparel shops and jewelry stores. When most of the customers were wiped out like the big box chains he switched to an idea he knew would work. Doggy bags. Philadelphia were thrifty. He said they were cheap and they would take home left overs from restaurants. He got them made in china. The chinese loved him. In his 70s rerebuilt his business with the beautiful take out bags most of the gift wrap went out of business. They were wiped out by the take overs. And the same with the boxes and bags. He was a if you cant beat them join them. He worked with the chinese. His last order for this. My brooklyn restaurant. People love the bags. He said i bought the second highest quality one. The four seasons in philadelphia have the highest quality. He officially closed shop in 2012. But i caught him trying to type an invoice earlier this year even as his fingers started failing. He didnt want to let his customers down. He got an mba after the war and he taught me everything about business. I made sales calls for business. Kept me in the car but i heard the action. Some people treated my father terrib terribly. He worked seven days a week during that time. We had many lane years. Getting him stuck with printed bags. I used lunch bags for years. Some deadbeat Womens Clothing store that stiffed my dad. Thats how it works with small business. Inventory was the bane of existence. He drummed that into my head. Too much christmas wrap after the holidays it was hard to put food on the table. Its why you should hate recessions and love anyone who tries to make things better for the economy. Pop thought ben bernanke did a great job. Pop loved the stock market. He loved cnbc. He watched mad money religiously. He loved marquise. He loved our shows. He was thrilled when he got to meet anchors like david faber, Brian Sullivan and many others. Met them at the ball games. He followed hundreds of stocks. He loved the interviews. We talked at 7 01 p. M. Right after the show. Just go over it. Right after mad money was over. On his last night he told me to be careful of the priceline. I wont reveal the name but he told me a recent guest was a big phony and he doesnt know his stuff and the stock should be sold. He loved my nephew wrote mad money with me. He thought that steph was terrific. He stayed active watching the network all day with his computer by his side. Reading the words as they came out. He was the cnbc junky for sure. I know, it kept him alert. He loved the bosses for treating me right. He loved my lawyer and agent for keeping me out of trouble. I had a pension for that. He loved when i was on the today show and he hated a certain comedian who embarrassed me for no reason. I wont mention his name. He thought our executive producer was amazing. My mom died in 1985 but he still loved her. He never remarried. He talked lovingly about her and wished she had been there. He thought she was an angel. But she was. He took his independence seriously he lived in philadelphia for almost 30 years. He bought the longterm care insurance. When he had a stoke three years ago we had to fight them who wrote the policies to get the money they owed him to pay the nurse. I hate those guys. We wouldnt let them get away with it. Dont tell pop it cost almost as much to get them to keep their word than what they reimbursed us for. Thank you maureen for her doing her best. I wont mention the companys name but it was a disgrace. If you had have that insurance or your loved ones do, be prepared for them to screw you. I hope they wont. Many will try. I know, that now. My father loved working out. He did so almost every day until his mid 80s. He was strong as an ox. They called pop the animal. He had a huge number of friends from the gyms. If youre old, keep working out. If your parents are old, buy them a gym membership. Do it today. He had to lift the bags and boxes. The truckers reunionize and they usually didnt help. Even in his 80s. Thanks for nothing, guys. Except it kept him strong. My pop loved his country. He volunteered for world war ii. I went through papers and i found his honorable danger and he won a bronze star. I didnt know that. He didnt talk about the war. Said it was too horrible and he killed too many people. He was part of the occupy force and he said the japanese were humbled and respectful. He liked that. He met tyrone power. He was a soldier then in kyoto and he was nice to him. He never forgot that. He liked that war remembrance. He loved going to the eagles games. We had season tickets with my buddy tom mcgrath. Pop got pneumonia in 2005. He never wore anything but the light jacket. He was real sick when we went to the super bowl. He wasnt going to miss it. After the battle with pneumonia tommy and i bit split a box so he wouldnt get cold again. We didnt like to miss games. He couldnt go this year. Three weeks he told me he was going to the titans game this sunday and he would be willing to use a walker or wheelchair. We sat next to each other. He loved the crowd in the Box Including the cnbcors i brought. Especially the crew he loved the crew guys and the anchors. He always said the anchors call me ken. They called him mr. Kramer. Most of all, he loved my sister and he loved me and his grand kids. My sister nann took much better care than i did. We wered a his bedside. He was lucid until the end. People dont realize he was. 92. At 10 30 p. M. He said to me, jimmy, now we know why sanchez was just a backup quarterback to field go he told me jeb bush would ran if he ran. He knew politics well. He gave me concrete ideas about business two hours before he died. Even though he had an oxygen tube. My sister and i slept on couches next to him. He was glad he his pals around him. He loved us. He said the same. The last thing he said other than see you morning. We didnt. We went to sleep and when we awoke he was no longer alive. We didnt see him in the morning. It was our last day together but it was our best one. Thats how it should be. Strong to the end. So long, pop. We love you my name is ken cramer. Im jim cramers father. [ cheers and applause ] my father is a very tough, hard working, id say louder man who really and truly is dedicated to the idea that hard work is a great thing. I was mostly an outside salesman. Didnt come into this place very often. I traveled. And that was that. Yeah, on the road. On the road out there hustling. This is something, i think, is lost art in america. You dont hear many people doing it. But pop is a boots on the ground guy. I liked it at the time, but in retrospect, it wasnt a great job. I mean, i have been on sales calls with pop. Im very proud to watch it happen. When i started selling at Goldman Sachs i remembered the things pop taught me. I worked jim very hard when he was here. But he worked hard at school and sports and business. The lesson that my mother gave me was that you should not devote your life toward the pursuit of money. I wished my mom had lived to see that i wasnt just selling stocks and bonds because he was not shape with that career. She felt that career was a waste. She wanted me to be creative. She was an artist. She said that you had certain gifts you could write. She knew i was a writer. Finally, on mad money im writing. It skipped a generation. He didnt get the drive from me because she wouldnt let me work hard. She said i want you around for a long time. 57 she disappeared. She was the perfect thing, and thats why the kids are as good as they are. I hope for the best for him. I wasnt going to determine what he would be. My dad instilled a world where if you worked hard you would succeed in this great country. Keep up what youre doing. Were all proud of you, and we are [ cheers and applause ] all right, dad. Hit it stick with cramer [ cheers and applause ] twhat do i do . You need to catch the 4 10 huh . The Equipment Tracking system will get you to the loading dock. There should be a truck leaving now. I got it. Now jump off the bridge. What . In 3. 2. 1. Are you kidding me . Go. Right on time. Right now, over 20,000 trains are running reliably. We call that predictable. Thrillingly predictable. [annits working forny. New york state. Already 41 companies are investing almost 80 million dollars, and creating 1750 jobs. From long island to all across upstate new york, more businesses are coming to new york. They are paying no property taxes, no corporate taxes, and no sales taxes. And with over 300 locations, and 3. 7 million square feet available, theres a place that is is right for your business. See if startupny can work for you. Go to startup. Ny. Gov. Get to the terminal across town. Are all the green lights you . No. Its called grid iq. The 4 51 is leaving at 4 51. They cut the power. Itll fix itself. Powers back on. Quick thinking traffic lights and self correcting power grids make the world predictable. Thrillingly predictable. As we head into the holidays, how do we take the temperature of the American Consumer . Simple. If you

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