Cramer. You can see the dax, which is not having a great year is up. France and the ftse is down ever so slightly. 10year note yield and wti right at 50 bucks and brent a bit above that. The yield at 1. 854. Lets get to our road map this morning. It begins with more painful retail. Were going to break down all of the big earnings that are out this morning on that front. And is the ipo market back . There are Six Companies making their debut today. U. S. Foods we just mentioned here at the nyc, set to be the second largest initial Public Offering on the year. I think Mgm Properties will be the largest still. And what role will apple play in the future of television . The deal, i dont want to say it, were going to talk about this fun story. Its fun. Its never going to happen. Kim jong jim if you havent seen that one. I dont think of you as the fearless leader. No, and i havent spent a lot of time with Dennis Rodman either. Crude surpassed 50. Stock futures also up following on the gains weve had recently. All three major indices now in positive territory for the month. Jim . Oil has often been the story. 50. This was supposed to be the time when canada came back on line, the wildfires are behind us, they are going to be flooding us with oil. A lot of people theres more driving, just more driving, more demand. They make that very clear on that conference call, theyre nationwide. China not pumping like they were. Were dropping like flies now. 20 counties where you can make money pumping. Youll hear people come on our network and that he will say we can make money at 50, 60. I want to say to them, yeah, but youre losing money right now. Dont give me this 50, 60 stuff. Go on the conference call. Youll hear pain. 50 bucks in terms of how much supply has been taken out because of fracking, there are parts of oklahoma that are still very good and others that arent including the bachan. At 50 youre going to see tremendous futures selling. Ive been using a target of mid 30s. At 50 they can sell off the curve and pay back the bank of americas. This is much more of an equilibrium. Where weve gone from 9 to 8 barrels a day or is it 10 to 9 . It could be 9 to 8. Saudi arabia did everything they said they were going to do. They crushed the prices, they then got the market share back. They are in charge. I got to hand it to them. Theyre great business people. They are. Theyre great business people. They wiped out the marginal producers in this country and then they took the share. Nigeria has issues, iran is pumping. Not nearly as much. That was a lot of sound and furry that signified nothing. Iran is not producing a lot. Whats important is demand is up. A lot of what we thought is oil really a precursor of demand, demands up and supplys down. We hang around, with that be a healthy thing . Seems as though it might not be a bad place to be. Gasoline is at a decent price for the dollar trees, Dollar General. That has been the right trade and it was even more right today. I think its stayssis. Weve already had that. The areas that went down went down. Im doing work with a company outside of denver and its on the margin. We talk so often, well see deals and consolidation, you really havent. Youve seen some oneoffs, bankruptcies and restructurings, there are more that will still come but do you start to see some of the major say nows the time . They have not. They have been sticking by that theme theyre not going to. Exxon 90. Theyre basically saying talk to the hand. We heard occidental. Chase is no longer the ceo. He was sort of 80 bucks is where we hear. We keep hearing range resources bought. Theres oil and theres natural gas. Everyone is saying if it stays this hot, youll get the glut burnoff. And the trains will start shipping. Were not on such with natural gas in the northeast, were brimming with excess. We need to have the air conditioners going. Natural gas has to go to 250. You see chesapeake going up. Freeport, people feel thats no longer a situation that is dicey. That is fraught . Fraught. Theyre off the intensive care list . No, theyre in intensive care. Its no longer paddles, clear. But its not pacemaker. We can leave for a while, we dont have to worry that somethings going to happen while were at lunch. 50 is a nice level. You dont have to worry that every minute bank of america is going to recriticize their portfolio. The consumer is not shopping at some places and other places that consumer cant live without, including the dollar stores. Dollar store and costco as well. Costco was 1. 23 a share. Comps were flat for the first time in six years. Dollar johnson and dollar tree, both discount retailers did post higher samestore sales. Where do you want to start . I got to tell you, the dollar tree, david, we often times we laugh the family dollar, brilliant. Dollar general wanted in on it and there was antitrust. They completed the deal and there were divestitures and youre saying it was a good deal . It was a great deal. A lot of it is consumables. These places have done much better for food. You see they have smaller packages but people feel its a bargain. When i go to dollar tree, david, i feel like im worth a million bucks. Well, you are actually. Well, you like to feel it. Its nice to feel it. When you walk in, i dont think youre exactly feeling exatted. Then you havent been to you can eat off of the floor of my dollar tree. Memorial day weekend, you got to get there before to get all the flags you need, all the different accoutrements for your picnic table. Plus they have glasses. They have readers for like a buck 50. You ever see the font that i send you . Yes, i have. Its big, very large. I have to tell you, cost co is a big mystery. Samestore sales worth 3. 4 , increased 3. 4 in the prior period. Did you see the net income of these guys . 3. 3 samestore increase this time. They are declining, samestore sales growth is coming down. You know what . Look, absolutely everybodys is. But the amount of money that theyre making at both dollar tree and Dollar General is extraordinary. Look at this, 418 million versus 232 million . David, thats a business you and i are going to be in. If you and i are going to open up a lemonade stand, were going to charge 1. Lets move on to costco. The reason why costco has nothing to do with the comp sale numbers, nothing to do with the betterthanexpected numbers. This was the quarter we were saying goodbye to American Express and going to vvisa. When we went to costco, they said youre going to get a lot more points next time, wait till visa, dont come back until u get visa. When they tell you at the register, about to get a much better deal when you come back next time. David, do you feel like having two carts at costco or one . Were a twocart family because we have storage space. Were one cart until visa comes in. Charlie pulled that deal off right underneath American Expresss nose. They said i dont know why American Express didnt pay up. Its going to be huge for visa. Victory. Now were in it now, right . And what happens is is that you know, really these people are great, i happen to love costco more than almost any store. And you know i like stores. I love stores, okay . Were aware of that. I buy my zana. I get it at costco. You can buy it there cheaper than most mens stores can buy it from zana. You dont have to buy like a hundred of them at a time . I once took all their north face. I took every they had. Ask jim synagogue was there. They had like six vests, why not. Six purple vests. Gave them to everybody. The credit card switch is going to be humongous. Thats why people are buying costco. Not because of the same store. That means nothing. This is about the change in credit card. Have i made that clear . You made that clear. Well get to sears later. We have to get to sears. Adjusted ebidta is up 14 million. Adjusted for this that, this that, this that, this that. I will not shop at kmart and that is a benchmark. My first suit when i walked in was from kmart, cord roy. I would love to see that. Well talk about the apple beforesession winning streak. And gearing up for the summer season. Some high tech thrown into the mix. Well talk about the u. S. Foods ipo coming up here. Theres another look at futures. Were back after this. [crowd cheering] i could get used to this. Now you can. When you lease the 2016 es 350 for 329 a month for 36 months. See your lexus dealer. U. S. Food began trading, its the Company Earned just over 24 million, the second highest of the year. They will trade under the Ticker Symbol usfd. Well have an exclusive interview with the ceo of the compa company. There was quite a deal and it was abandoned on antitrust ground. That may have been a precursor of what happened. This is a delevering transaction to a certain extent. There were buyers of this company back in the heyday of lbos. This was 7 billion, it barely made a headline im kind of kidding but you had the huge deals, txu or hilton, so many of them. This was a 7 billion deal though, jim. Not a winner. Not a winner. Theyre taking it public. Theyre not selling shareholders, that is the private equity guys who will continue to control us foods. We usa the walgreens kkr, nxpi i think there was some selling, i think it was kkr, free scale. A carl english piece, its amazing how theyre all trying to get these secondaries in, david. They really need to raise cash or they want to get out. Exits have been the rule in private equity. There have been purchases. They dont make headlines because they typically are smaller. The one that no one should have let go is Dollar General. Its been such a win. They did a great job. And i have to love those guys. I know this ipo market has made things difficult but, gees, theyve had some wins, too. If you bought from them in some cases, you did quite well. And they like that. They do. Well keep an eye on us food shares. Apple looking to extend a winning streak now that is four sessions so it would be five today. And an incement incremental 5 billion spent by apple on r d. I pushed netflix hard. Last fall there was a lot of talk around Silicon Valley and some interest in Media Companies and i made calls as well as a lot of other reporters on time warner, didnt get the specifics about this meeting and they were talking about programming deals or content deals or something and he brought this up. It never even made it to a conversation with cook. And they saw each other afterwards. They didnt even discuss it. So it wasnt going anywhere. Even though i didnt have details, i had enough to say this wasnt worth continuing to pursue. In the new era where everybodys a journalist, everybody can write, theres no editors. I recommended netflix last night on mad money. It want because i thought that would be a great revenue stream for apple. Thats not the way apple works. They dont come in and say were going to buy netflix for 60 million. There were no conversations about it other than this initial one. So what happens . Youre a journalist for many years. Do they get punished . I dont know. Were talking about it. Right . Its a fun story. People are talking about it. I got a few calls on it, emails, so it works. But is that do they go and buy the options, they gun it and liquidate it . Is it bgl . I dont think its that. Its just guys looking to make their jobs relevant . Exactly. Why not. Youre talking to the guy who did report gm and chrysler when they were talking i was like this is a ridiculous deal. As somebody who studies the craft and has rigor, do these stories bother you when you know that two guys talk . A little bit. I would contrast it i did a story a year ago on sales force and microsoft and i did that story even though it was after the fact of talks because they were extended talks between the ceo that involved advisers and the board of directors, a structure of a deal and i felt like the marketplace would be better off knowing, even though they were no longer talking. Now, in this case its very different. Youre talking about one conversation, hey, wouldnt it be funny if we bought you . Business insiders happen to love it. I did this interview with marc benioff last week where he put to rest the idea that he was going to sell the company. Did he put that to rest . Yes. And the article comes out the next day that can cramer makes benioff. I had a raspy voice that day. Mark did not answer it. I had to answer it again after the tea. The first answer was ambiguous. I couldnt talk. I shouldnt have been at work. I should have been at home and i should have been having chicken soup and my wife should have because of that they said it was a sell. Everyone else made tens of thousands and i got a hack. You think im a good businessman . Im an idiot. You were an idiot on that one. You didnt have to verify that. You could still be getting residual checks. I get them on wall street, too. If they had made it with louis c. K. , i would have gone into it. Take a look on futures. Looks like they we are at least going to start off with another positive session. More squawk on the street right after this. Everybody knows that Business Today is built on data. The thing is, most businesses arent getting the most out of it. The ibm cloud is uniquely designed for all kinds of data. Like data from the Weather Company for 2. 2 billion locations. Or billions of healthrelated data points. Even social sentiment in real time from hundreds of millions of people. Its all in the ibm cloud. 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You want to talk hp ink. This is the printer and pc. This is one of the funniest Conference Calls ive been on for a long time. First of all, he was just a great guy, talking about 3d printing. Nike and others are partners. Personal systems are on down 10 . Consumers down only 16 , printing is only down 16 and deon says what im most happy about is we did exactly what we said wed do. Now, tony, who has now become the big critic of our times, hes not just an analyst. Hes tough. Hes tough. He says and i happen to love the guy because hes really smart mee smart. He has a new way to do it. He wonders about the things that you stabilize, he says its not transparent to me. Its saying stick a fork in it, you guys are done. So what is it . Its push me, pull you. This is how a stock stays unchanged, they buy back stocks, more than 20 million shares, theyre paying back dividend. Ba but the fact is no growth. And im with him. I disagreed with him on apple. But i agree with him on this. 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Lets get right to it. I am thinking that the key to this market will be the action, guess this, in ibm. Ibm . Because this is a level where if it can break out, we can say all of old tech with the exception of intel, the westinghouse prize and then len shiver picked up for regeneron. It was so great for regeneron. Good for regeneron taking that on. Ibm does a lot for awards, too. Ive taken the winners out for dinner. Weve been seeing techs doing better and better and better. Meanwhile, dollar tree, Dollar General, whats it say about our market today . Whats it save . What is happening in this country . This is the middle class actually really suffering. All these politicians talk about it but when you go to the stores, i happen to like dollar tree very much because i am a candy guy. Jim, go into cvs for candy, papa said its a sin. Does it really matter at this point that i have diabetes . He said i want you to buy them at dollar tree. Dollar tree is up 9 . It diverges from what weve seen in retail. To your point, jim, yeah, theres huge disparity in income in this country and were seeing that reflected perhaps on the frustration on the part of both left and right and very strong samestore sales from the likes of dollar tree and Dollar Gene