Street. Im scott wapner with jim cramer live from the New York Stock Exchange. Carl quintanilla and david faber are off today. Gdp at 4. 1 . Lets take a look at the futures. Theres the 10year. Everybody is watching the 10year yield, 2. 94 . Its a mixture there. Seu cutting the triple a rating by one notch on budget concerns. Our road map starts with what else, the u. S. Economy. The gdp coming in at 4me men4. 1 fastest growth in two years. And looking a blackberry, announcing a 4 million lost in the Third Quarter. Revenue for nike beating the street after the Company Reported revenue of over 6 billion in the Third Quarter. Revenues at nike are up and hit an alltime high just also a week. Do you remember where you were a year ago today . I do and so did bill ackman. On this day a year ago he laid out why he said herbalife is a pyramid scheme and the stock will go to zero. Its far from zero. Gdp revised upward from 4. 1 . Jim, this number caught a lot of people by surprise. Maybe not the fed, though. No, it looks like the fed kind of figured it out. They had a meeting where they obviously start the taper. They would look very foolish if you saw this number. You would think dont those guys even have a clue . Dont they have a play book . They obviously do. I think theyre feeling vindicated. Theyve done a lot of things right. I dont mean that politically. This is the kind of number you want. Consumption was very strong. Retail was strong. People keep confusing how much money walmart makes with how much they sell. Theyre selling a lot. People are buying. Its just that walmart aint making it. Theyre buying clothes, theyre buying cars, theyre buying stuff to fix up their homes. Right . This is a whirlpool market. One of the things i love about the u. S. Economy is that as soon as you have some money, you do buy a home. Now the numbers for homes had a glitch, everyone was talking about this this morning. But thats what bernanke wanted again. He didnt want housing prices to keep going higher. Im going to Say Something thats shocking, probably wrong, ill really regret it. I think hes doing a good job. Well, he certainly am i okay with that . You are. I think a lot of people would say that this number only underscores the fact that the fed probably got it right. Right. As liesman thought that they would, they did and this number would sort of justify what they did and maybe they can do more. Theyre data dependent. They were never ideological. They are always practical. What you wanted to see was the consumer buildups in capital, not come back spending on debt but come back spending on cash. You wanted to see this kind of nascent demand build, whether it be autos, housing or also i think now youre starting to see commercial real estate, youre seeing that tick up. That is the biggest driver of employment. I dont know. Were certainly ahead of the way the europeans did it. Were way ahead of the way the chinese did it. Brazil cant do it, india cant do it. You know what, brick countries, no, were building bricks in this country. I had nothing to do with the rest of the bricks. Obviously we had the big gain on the back of the fed taper, but what does this do now to the way we should think about sort of where weve come in this market and where we might be going . Im focused on caterpillacat. Why . Because theyre the worst. Its worst in the dow, its a mutt, its in the shelter, its got the fleas on it, has the ticks, needs everything and stocks going higher. Hope springs eternal at this point in the air. You want to bet somehow, somewhere a change of management. Maybe this is the beginning of some sort of turn somewhere. People like that more than they want pfizer. Its going to force a lot of people to sort of rethink where they think the markets going next year. You had some people saying, no, we may go into recession next year. The markets too stretched. Weve gone too far too fast. Now with a 4. 1 print and if can you at least stabilize that or steady going ahead rather than drop down, thats going to force a lot of people to rethink where this market is and where it can go. What you were hoping if you were a bear is that youll come in at the beginning of january and youll hear republicans hating democrats and youll be talking about 1860 and partisanship, that being the last time things were partisan. But you dont have that you dont have that kind of wrangling that can really hurt people. This is like a confidence builder. This is whether you say i have enough money saved up, im going to start a business. I have enough money saved up, im going to stop living with my inlaws, which can be dreadful. All right, i take that back. But i do think that this is that moment in the economy where the fed said, you know what, let it go up. I mean, look, you really want to complain about 3 on the 10year . No the 10year should be going up in yield, down in price because the economys better. Thats what happens in a good economy. All right . Thats what happens. Good is good, all right . This is what im saying. Good is good lets call your attention to what youre seeing on the bottom of the screen there and that is oracle is buying responses to 27 a share in cash. That is the leading provider of Enterprise Cloud scale base i didnt see it coming. I thought that oracle was getting everywhere you had every reason to think it wasnt come being based on what theyve done quarter after quarter. I was wrong. This was a good quarter and the expectations were low enough that it mattered. Well contrast that with nike later on where the expectations were high. Timco turned out to be an expectations game. What word did you use . Cloud enterprise . You left out connectivity and mobile. Thats all the buzz words people want to hear. Its all what goes out. When youre in the valley, like the valley of the shadow of life, what happens is you want cloud but you want the company to keep moving toward the cloud. Ibm gift because the cloud has got low margins. Red hat up huge today. Athena health we heard jonathan bush, i was critical of his guidance but theyre a cloud play. Dont forget twitter is cloud, cloud, cloud. From a lot of a gazillion dollars to 2 gazillion dollars, that should go to 70. Theyre spending for investment. Whats going on in your buddy betioffs head. I think he lives on ellison island. Thats a whole lot worse than playing against revis island. When you look at what is going on in the cloud, everything is being traced to facebook. Ive got you here. Let me ask you something, did facebook announce a 4 billion buyback . Did they announce they were going to buy 4 billion worth of share . No. What did they do . Offering. Anybody that sells a billion dollars and says its for taxes. For taxes . Come on. A billion here, a billion there. Youre rich this guy is richer than the guy theyre going to let out of prison in russia. Not ten days ago we were talking about facebook and twitter being under 50 bucks, who was going to get 50 first. Now they blew through that in a matter of days. I was with a very important person in advertising and she was saying this weekend this week, listen, twitter the money is coming. I said facebook the moneys there. These companies are just sucking the life out of the rest of tech. Its like, you know, if you want to show that you have half a brain right now, you are buying twitter. And if you want the other half of the brain, you have to buy facebook. A lot of people are buying twitter. Its got the momentum. Its the hot team. Its the seahawks coming in hot. 41 over one month. Maybe the psychology about that one has changed a little bit. No one wants to sell the stock. They want to show they own it. This is one of the few cases you always hear the cynical stuff, retail bozo, retail bought the heck out of twitter. We know people recommending shorting the stock at 40. Where are they right now besides having their sneakers and shoe laces away . They can do that because they wear loafers. I cant wait until 12 months from now when we see who had the better numbers, facebook or twitter. You need to see gigantic ad buys. Facebook, i know people who are saying, look, this is our chance with video, its going to be gigantic. I know advertisers who are literally saying if i could get somebody on the phone at facebook, i would like to give them a check for a million dollars. But maybe im too small. I only have a million dollars. I cant get in the hedge fund. These are the dominos pizzas, these are the dine equity people. They want to be in facebook because they know thats where the demographic is. Facebook is a juggernaut here. So is google. I talked about it enough. You know what is not . Thats blackberry. Blackberry reporting a wider than expected loss on disappointing revenue. Blackberry announcing a fiveyear deal with contract manufacturer foxconn, developing phones for indonesia and other fast growing markets early next year. Watch an exclusive interview with blackberry interim Ceo John Chen. Its 10 after 9. Did they not name a new ceo . This guy is, what, from the weekend . The stock has been down 7 on the earnings and then rallied to go positive and here it is 2. 5 . Over 40 million newly registered ios Android Users in the last 60 days. I think thats whats driving it. I think people are liking that. He did say the word profit this morning. Its prophet, i think. They could return to profit by fiscal year. Revenues down 56 , they sold half as many phones as they did in the last quarter. I dont know what chen is going to tell jon fortt later on but do you think he knows . This is one of those situations where you take nokia. Nokia saw this coming. They call up their buddy Steve Ballmer and say were going to sell you that awful handset business. Nokia is the antiblackberry. Nokia is the one that figured it out. All you got to do is remember geography. Nokia is a river in finland and theyre always winners. Does this story have any chance of getting past a sum of the parts discussion, an intellectual property discussion and fundamental discussion . Well, people have to have that because they do have a key word people like. They have lists. You mentioned a country. Its the year of not living dangerously for blackberry. They like own indonesia. Indonesia is a gigantic country and they have not walked away from blackberry yet. There are other countries in Southeast Area that loves blackber blackberry. Blackberry needs to present itself as an emerging market device. If i were chen, i would say were a big emerging market play. Would you buy that if i said that to you . I dont know about that. I thought that was a good pitch. I gave you what he would say. He probably will say that. Jon fortt will have that interview, by the way. Stick around for it. Its an exclusive with blackberry interim Ceo John Chen. And also ahead say hello to the new yodge wrangler and cut its pronounced dodge im pretty sure its a soft d. The gift that keeps on giving for dodge. Durango sales continue to grow. Take a look at the futures, by the way. Lets see where we stand. Pretty much Holding Steady after that much better than expected gdp print. Theres the dow with an implied open of 28. Again, the markets poised for their biggest weekly gain in three months. More squawk on the street live from post 9 at the New York Stock Exchange when we come back. You stand behind what you say. Around here you dont make excuses. You make commitments. And when you cant live up to them, you own up, and make it right. Some people think the kind of accountability that thrives on so many streets in this country has gone missing in the places where its needed most. But i know youll still find it when you know where to look. At bny mellon, our business is investments. Managing them, moving them, making them work. We oversee 20 of the worlds financial assets. And that gives us scale and insight no one else has. Investment management combined with investment servicing. Bringing the power of investments to peoples lives. Invested in the world. Bny mellon. Well, it was a year ago today that bill ackman laid out in a presentation why he believes herbalife is a pyramid scheme and the stock would go to zero. Since then the stock has soared 136 . I told carl after the whole thing, he called me up and literally said, bill, we can be friends now. I wish i had a recording in the conversation. I simply said to him look, carl, you are no friend of mine and that was it. Every time he goes on tv, im going to defend myself. I never said i want to be friends with you, bill. I wouldnt be friends with you. Okay, carl. You said to me youd like to be friends so we can invest together. You think i want to invest with you . I wouldnt invest with you if you were the last man on earth. That was right here, you know. Im sitting in that chair over there. I love that interview. That was like the best thing our network has had in years. Im not kidding. Ive watched it multiple times. Its what you live for. Needless to say things have not gone bill ackmans way since december 20th when he did the presentation. The stock went down badly after. The stock got killed right after. If youre a Hedge Fund Manager and you have to beat the quarter, you would probably come out and say horrible things about herbalife. In the end did icahn know that much about the company, or did he only know his opposition . I think he knew what he had to know about the company and he knew all he needed to know about his opposition in bill ackman. Did he know about the mechanics about how when you short and you get the stock going with a lot of buyers can you crush the short hes wylie enough to know the mechanics of the whole business. I think bill ackman, if anything, underestimated the power of his presentation, those who were watching it and those who had enough animus to go out and do something to try and hurt him. I had Michael Johnson on the show, used to come on the show regularly. I didnt like the fact that he paid a critic to go away basically. He said that on the show. But i always loved to fact that its got great emerging market sales and that its one of these companies that away from the United States people dont frown. Belgium just ruled in favor of it. People dont frown on this idea of im recruiting you to go sell product. Theyre not insensitive overseas of what happens to the product. This is not tupperware, a really fine company. But when bill stiritz came in and bill stiritz is a he is the Warren Buffett of the food business, and he saw value here. What it said to me is icahn understood value in terms of understanding what a short seller can accomplish. Stiritz came in and decided the stock is cheap, this stock is not done going higher. As did soros. And once you had all of these heavyweights, it became almost insurmountable adds for a guy like ackman whose case was predicated on only one thing. And that was not whether earnings were going to fall, not whether they were going to sell fewer shakes or whatever they do, it was that the government was going to come in and shut the thing down. Well, do you think he felt i mean, one of the things weve all gotten very cynical about government. We know if youre a certain industry, you go in and buy a lot of congressman i didnt mean to say buy a lot of congressmen but theres always someone who wants to have a big investigation. Because of jobs . With wall street being viewed the way it is in some corners of washington, d. C. , id make the argument that a big, blustery Hedge Fund Guy going public and urging the government to do something about it to make him money was going to be a negative. Like why would the government given the climate that has existed over the last year at least between d. C. And wall street, why would they come to the aid of a Hedge Fund Guy . Youre right. And i think that one of the things when you pred kate the governments wylie. I figured he had an ftc guy, i figured there was somebody didnt you think there was some guy in government he had lined up . Did he really go in there without a government guy lined up . He went in there neighborhood with nothing . Just hoping the government was going to do something he thought was right . What country does he think hes in . Whats so funny is real quick, we have to go. Im getting an email from a Public Relations person right now from where . Im not going to say. Who is talking about a Congress Person urging an attorney general to do an investigation of herbalife. There have been incremental things but not the big thing. Cramers mad dash is next. For teaching me not to take life so seriously. Thanks for loving me and being my best friend. Dont forget to thank those who helped you take charge of your future and got you where you are today. The boss of your life. The chief life officer. [ male announcer ] this december, experience the gift of true artistry and some of the best offers of the year at the lexus december to remember sales event. This is the pursuit of perfection. Wow. Look at you. Ive always tried to give it my best shot. These days im living with a higher risk of stroke due to afib, a type of irregular heartbeat, not caused by a heart valve problem. At first, i took warfarin, but i wondered, could i up my game . My doctor told me about eliquis. And three Important Reasons to take eliquis instead. One, in a clinical trial, eliquis was proven to reduce the risk of stroke better than warfarin. Two, eliquis had less major bleeding than warfarin. And three. Unlike warfarin, theres no routine blood testing. [ male announcer ] dont stop taking eliquis unless your doctor tells you to, as stopping increases your risk of having a stroke. Eliquis can cause serious and in rare cases fatal bleeding. Dont take eliquis if you have an artificial heart valve or abnormal bleeding. While taking eliquis, you may bruise more easily and it may take longer than usual for any bleeding to stop. Seek immediate medical care for sudden signs of bleeding, like unusual bruising. Eliquis may increase your bleeding risk if you take certain medicines. Tell your doctor about all planned medical or dental procedures. Ive got three Important Reasons to up my game with eliquis. [ male announcer ] ask your doctor today if eliquis is right for you. Time now for cramers mad dash before the opening bell. Were talking nike. Stephanie before the she crushes, has a great note today as part of our Charitable Trust, western europe look at this. Western europe posted 15 growth, 23 futures growth, people, spending, theyre using