Future series, coming to you from cnbc one market in San Francisco. Weve gotten interviews about some of the most exciting tech stories in Silicon Valley coming up just in a few seconds. The dark real world, though, in the interim got in the way of the story. It got ugly fast today. Im talking about how two Great American industrials that we follow here on mad money, pbg and honeywell cut estimates ahead of their quarterly reports. In an across the board selloff, the averages spent most of the day in recovery mode. A wicked session turned relatively benign. With the dow dipping 28 points, s p declining. 3 . The warnings couldnt have come at a worse time, worse time for the industrials at least which have been rallying ahead of the soon to be released quarterly reports. Money flowed into other sectors as soon as the disappointments happened. Notably the bank and retailers once the cyclical smoke cleared. Despite a tepid payroll report, these two groups helped the market make a rebournd. Big pharma and many tech stocks refused to give up the ghost either. All week weve been examining companies that have to do less with the shifting winds of the Global Economy and much more to do with plain old american ingenuity. Thats what happens when you come out to San Francisco. However, starting next week, we begin earnings season and after todays news from those cyclicals, we can get not managers are set up for what awaits them. Monday is columbus day. This holiday always makes we wonder why the heck the stock markets open when the much, much larger bond market is closed for trading. On tuesday, we hear from alcoa, aa, which covets the spot as the official opener of earnings season. It will be a confusing quarter to say the least because the company is splitting into a proprietary engineering business and a commodity maker of aluminum. We own the stock in my Charitable Trust and as we told subscribers earlier in the week, the breakup could bring a whole new class of investors into each segment. That would be positive. However, the concerns raised about Aerospace Demand could definitely taint alcoas biggest end market. I think the long term remains bright for travel, which ultimately translates into aircraft orders. We also have the big yum brands Analyst Meeting on tuesday. Now, yum is splitting into fast growing Chinese Business and slower growing rest of World Enterprise that i think will offer value and a potentially bountiful dividend. Earlier this week, yum told you a story of chinese growth, but you know, that makes the story a little less attractive. But i did think the company was short on color about that disappointment. This Analyst Meeting could go a long way towards restoring faith in a breakup that i believe will unlock substantial value. Just like alcoa. The railroads have been red hot, but after todays industrial disappointments, i wonder if the stocks havent been divorced from the near term fundamentals. For example, csx, which reports after the close wednesday, has seen its stock climb from 24 to 31 since the middle of the june. Got to wonder is that too much of a move . I bet csx is headed back down unless coal has picked up. Key cargo. And thats a genuine possibility given how anemic the business has been so the comparisons could be very easy for csx. Why bother to mention coal at last . Because at last months delivering alpha conference, david faber and i hosted a panel where one of the participants made a strong case for owning a Company Calls tech resources. Thats a producer of whats known as coking coal, the kind thats used to make steel. Prices have gone up a great deal for this type of coal of late. That only happens if were seeing a pickup in demand, especially in chinese demand. You know what, thats in csxs wheel house. If you own this one, you better be praying for coal volumes to stabilize or the stock is overvalued. Unlike the rails the Airlines Stocks have been deadly this year, one of the worst being delta, down 23 for 2016. Trading just seven times earnings. I think thats too cheap. If delta merely says that it sees business stabilizing when it reports on thursday, youre going to make some money here. I look at this stock and see a two point down, five point up scenario. How about a company thats performed marvelously but not marvelously enough . Im talking about ulta salon. Well be paying close attention to their thursday Analyst Meeting. Uber cramer fave ceo mary dylan needs to justify why her stock still can deserve to trade at nearly 31 times earnings, much more expensive than the average stock on the s p 500 although they have much better growth than any other retailer i follow, and i follow a ton of them. Thats important because even though ulta is down 40 bucks from its 278 high, it needs to Say Something that makes wall street fall back in love with it all over again. After investors fled this morning in the wake of its most recent good but not shockingly good quarter. Friday is the big earnings day of the week with three of the four largest banks reporting. Each has a very different story to sell. First up is citigroup which has gone from being a regulatory nightmare to a Bank Examiners darling. But is citi making enough money to reaffirm the stocks recent move from the high 30s all the way up to 49 and change where it closed today. My Charitable Trust owns this. We believe its too cheap versus his book value. I got to tell you, i think any weakness is going to bring in buyers, not sellers. Like all banks, citi needs higher Interest Rates to blow away the numbers. Jpmorgan reported terrific results last quarter, and its stock held up extraordinarily well. Its up just 3 for the year. So if the company can deliver another number that beats expectations, i think its got more room to run. Jpmorgan is doing quite well in this environment already. Next year could be even bigger. Lets listen for clues what the Company Might do with its substantial London Office because of brexit. An actual earnings per share hit if finally there is the most controversial stock end company of all right now in this market, wells fargo. Now, heres a bank that even two quarters ago was thought to be the finest and cleanest in the land. But the last quart disappointed and then on top of that, well, weve now heard about the scandal involving overly aggressive cross selling, which was either abetted or ignored by toplevel management. Will heads roll . Will the current ceo john stumpfs tenure be curtailed . Sloan be given a more prominent role . Specific actions to separate the roles . And most important, will wells fargo ever get back its old premiere valuation . Maybe that was caused by all that cross selling. It used to be the best reason to own the stock and now its diminished as a growth driver obviously. Theres nothing in the cards that suggests the fed will be that aggressive. Either way, the bottom line is that we have a busy week ahead of us that just might define how the rest of the year goes. Right now in light of todays disappointments the answer might be sub par, but we dont have to wait too long to find out. Lets take some calls. Lets start with jonathan in new york, jonathan. Caller jim, how you doing . Its jonathan from new york, and i want to give you a st. Johns university mba booyah. I want to ask you about a company that your Charitable Trust has recently taken a position in. Bristolmyers. I understand that its, you know, a screaming value play. But i want to get your opinion on how the industry will perform as a whole under the likelihood of a Clinton Administration with increased speculations and so on and so forth. Okay. Well, were taking a very long term view for my Charitable Trust as we told club members, we dont expect results this weekend. Dont know if theyre going to be that good. We like to think for a value play. They have a lot of levers to be able to pull and to have one drug, which was important, i admit, just fail, and it really didnt fail, tells me i think there could be down and then up, and thats how were playing it for action alerts. Thank you for the kind words. Dorothy in florida, dorothy. Caller hi. I am a 93yearold millennium who loves to play the stock market. In doing this, i bought over 5,200 thats 5,000 52,000 shares of sirius at 4. 21 per share. Since then, it refused to go up. It stays at 4. 14 or 16 or 18 or 19. It goes back and forth. I can sell it and take a heavy loss and buy stock that moves, or i can hold it until it goes up, if it ever does go up. What is your recommendation . All right, dorothy. First of all, i think youre fabulous. I love the fact youve been at it a long time. Youve accumulated stock. I am a believer in sirius xm. Is it necessarily for a retired investor . Theres some risk to it. But the stock is cheap and the earnings are good. Stick with it. Next week is going to be a busy one with earnings season kicking off and after todays disappointments from high profile companies, maybe ought to buckle up. Tonight, its the old economy versus the new economy, and its not looking all that good for the old school industrials. Plus all this week weve been profiling companies on the cutting edge of technology. Tonight im talking with bank of america ceo about its investment in mobile, and is digital powerhouse adobe getting enough credit for its remarkable numbers . Ive got the ceo. Stick with cramer for more from our San Francisco special, invest in america, defining the future. Announcer 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. Amazing sleep stays with you all day and all night. With sleep number, you choose the exact firmness and comfort you want and so does your partner for the best sleep ever. Dont miss the columbus day sale going on now save 400 on the queen c4 mattress set, with 24 month financing and free home delivery. Learn more at sleepnumber. Com the old economy versus the new economy dynamic was very much in play again today. When you see the stocks of high quality Industrial Companies like ppg and honeywell getting slammed while the social, mobile cloud, Artificial Intelligence and internet of things plays continue to plow forward, you know the new economy stocks are winning. I got to tell you im still in a daze about this news from honeywell which involves a steep cut in the trajectory of the companys earnings. Sluggish emerging markets slow. Theres been a turn for the worse in these markets and its worth noting that even in the best of the best, honeywell, simply cant get the ten tackles of the falling economy at bay. Same with ppg. The transformation from a commodity Chemical Company hostage to the slings and arrows of the Global Economy to a ploe pry tear company with exceptional products had, until today, insulated ppg from the shortfalls that had plagued its competitors. But the companys announcement this morning bringing expectations down dramatically from a solid yearoveryear growth to basically flat projections for the next quarter, well it took my breath away, as did this statement from ceo mike mcgary, and im quoting. We are disappointed with this quarters eps growth rate as we continue to operate in a sluggish economic environment with no clear nearterm catalyst for improving global gdp growth. Not a lot of hope there. The hideous declines in these two stocks left mes stoppished. Honeywell plummeting 7. 5 , ppg down 8. 3 . Thats what happens when companies with a long track record of beating the numbers suddenly preannounce the down side. The Collateral Damage bled through the entire industrial world right on the eve of earnings season next week. Remember, many stocks of these Big Companies have been levitating for weeks on end because oil has been climbing and weve been getting noises out of china that suggest the peoples republic is doing better. Those noises are now falling on deaf ears after today. These kinds of negative stories can have a huge impact on the whole s p 500 as they indicate a slowdown in economic growth. Yeah, they can pull any stocks down at least in the morning. However, as you might have seen when the futures selling subsides, the money comes flowing back to the kinds of companies we spent this whole week examining, the companies that harness new tools to make the honeywells of the world can improve their businesses even without strong sales growth. The tools we saw on display at salesforce. Com helped large industrials garner whatever meager business might be out there in this environment. The prompts and cues that companies can give individuals at exactly the time when they make decisions can be the secrets to better returns, and they can keep also the colossus of tech, amazon, from crushing your business. I like the way retail acted today. Technology has gone from being an expense and a liability for nontech companies to be a necessity for taking share in a slow growth world. So heres the bottom line. Two economies. Ones hostage to global growth. The other is only limited by the inthen auto of their executives and employees. After looking at the car imagine in the industrials today, i suggest putting your money in the new economy stocks. They may have more longterm lasting value. Lets go to paul in rhode island, paul. Caller mr. Cramer, youre indeed a wealth of information. Through your books and shows have made me much wiser. Thank you. After 16 years of occasionally driving by an electric boat facility here in rhode island. This spring i noticed expansion of buildings and many more vehicles in the parking lot. I did my homework on the parent company, and based on that and what i saw with my own eyes, i bought shares before their Conference Call three months ago. And their ceo was somewhat optimistic about the Third Quarter but Fourth Quarter. My question on General Dynamics is with the probability that the president ial election will have no effect on this defense contractor negative impact on the stock price, whats the best move for the Fourth Quarter coming up . All right. Thank you for the kind words. Ive got to tell you General Dynamics after the honeywell announcement today did make me, lets say, feel some caution for the stock. Its been a fabulous performer. I do not think you need to get in the way of october earnings. I would hold off. Lets see the number. Get the election and then take a hard look. Lets go to kevin in pennsylvania, kevin. Caller hi, jim, booboo booyah. First time caller, kevin here from pittsburgh, pennsylvania. Steeler company. Tractor supply has been getting hammered lately, and im wondering if you think this company is totally undervalued. All right. Kevin, ive got to tell you you can say the company is totally undervalued, but were any the Fourth Quarter and theres a lot of people who have losses in the stock. I think you have to wait until we see the next quarter. That was a real paultry number and there will be selling between here and now end. Its a tale of two economies, old versus new. And after a brutal day for the old economies industrials, it looks like the only way they can recover is by harnessing new technology, if they can recover at all. Much more mad money ahead. Speaking of new technology, adobe transformed itself from a sleepy software into a cloud based colossus with amazing growth, but is more upside to the stock . Plus, bon know started red ten years ago to Push Companies to help fight against aids. Im finding out how some of the biggest names in the Business World are stepping up to help the cause. But first an interview you wont want to miss. Bank of americas ceo joins me to talk technology, the fed, wells fargo, and a whole lot more. Thats all ahead, so stick with cramer. This has turned out to be a rough year for the banks. They didnt get the two rate hikes most people were expecting in january and now the whole industry is caught in washingtons crosshairs thanks to this wells fargo cross selling z selling deb acle. Thats part of the reason why the bank stocks have been having a nice run in recent months, and bank of america is in particular very strong, up 33 from its lows in late june right up to the big brexit. I believe some of that gain comes from the use of new technologies to take market share from other banks and grow its already gigantic Customer Base. Since were out here to examine this kind of technology, i got to ask brian moynihan, the ceo of bank of america, how his company is harnessing tech to improve its earnings in the face of a low interest rate, low growth environment. Take a look. Brian, were out here in San Francisco, and what i realize is that technology is really starting to figure out and help you who should be your client, who should work for the bank, what is going on here. Just talk about what bank of america is doing to stay ahead. Sure. We actually moved one of my Senior Executives out here who run the retails and consumer system, to get closer and make sure we maintain closeness. But we have to be state of the art in mobile technology because thats what the young people in particular and all people need. Thats how they interface through the public. Thats how they find their news, they find their sports, they find everything. They got to find their bank. Then weve got to be ubiquitous when they go in to pay. Thats apple pay, google pay, samsung pay. Theyve got to have us with them wherever th