>> yeah, fun show tonight. utilities. we talk about power adjacency. >> karen >> yes citibank letter c >> happy day after birthday to tim. ranger hockey tonight. oih. >> thank you for watching are w thanks for watching. mad money, starts right now. >> my mission is simple. to make you money. i'm here to level the playing field for all investors. there's always work in summer. i promise to help you find it. mad money, starts now. hey, i'm cramer. my job is to make you a little money. my job is not just educate, but to teach you. call me at one 807 three cbc. get this, we are at a very tricky moment in the business

cycle. it is the goodwrench time, where the brown sheets that we were looking for, turn into the compost. this actually ends up being good news. we actually start cutting rates. sooner than expected it still hurts. >> the house of pain. >> that is why i want to walk you through the house of pain that you are going to experience. watch mad money. i know you do. we can provide you with some novocain and anesthesia. we have updates on the today show where the p.o.w. gained 15.1%. that is a dip in 1% as well. you need to expect a vicious inter-day selloff, like we had today. the fifth-place coit. we await the next move. the commerce is working and running out of gas. at least in the short term. very good companies will be left behind taking the stark stone. one of the single best

performing stocks, one we have been learning for a long time. this is incredible. seven years now. they just built one in brooklyn. they dropped the bomb on shareholders today. they sent the stock down 19%. this is a major supplier to the home goods story. the story they told wasn't great. listen to this. i'm quoting. early momentum in single family, hasn't slowed, as persistent inflation has cooled shorter rotations for interim reductions. let's see what they are really saying. slow down alert? there is more. low existing home alerts, per banded for the growth that continues to build. this goes across the border, having to navigate affordability issues, and challenges with the regulatory defilement -- environment, and development structure. what is cramer talking to ulysses about? this is not possibly 19%. nothing in here could do that. correct?

wrong. the language is all in code. let's break it down. i will do the code breaking. early momentum, single-family homes, slowed. it means there are a lot of salesman people thought interest rates are going down. the economy surprisingly went on a hot streak. long rates will be bounded. they pulled back from buying goods and forces that they needed to build new homes. next, persistent inflation is cool for the interest rate reductions. this is key. remember, a couple of months ago, they wanted the fed to start raising rates too soon. inflation was still too high. as long as inflation doesn't come down, we are not going to get the rate cuts. until the employment number, they didn't even have to raise the rates. it gets worse. across the board, they had to navigate affordability issues. translation, our customers, the homebuilders, have raised prices too high, unless the rates come down. since they haven't come down, there will be less construction.

less construction, less business for builders. when development infrastructure, that is -- it hasn't mattered for a while. interest rates were low enough that they didn't need to care. now, let's give you the full builders per source translation. last quarter, we had to deal with inflation, which we thought was dead read it remains very much alive. our customers, put up too many homes, then they expected rate cuts. all of a sudden, they come back down. that is what obliterated the stock. that is what took it down 19%. what would happen if they were to suddenly start cutting rates? i will tell you what. put it on your shopping list. that is why i say it is crunch time. today, sellers are looking at the long range spike. that is down in the rearview mirror. it looks like they are going to cut it. guess what, this becomes number

one buy. let's talk about my favorite steel company. because of all the infrastructure spending, and data center, the course stock has just been a horse. yesterday, we learned that just one grade of high steel is called hot rolled steel. fell from $825 per ton to $760 per ton. that's what happens at the top of the steel cycle. that's how it starts. the rollover. the brown shoes. this goes into auto, energy, machinery, heavy equipment, and transportation. this has remained strong for ages. no more. that confirms why the stock has fallen from 203 to 171. makes sense, doesn't it? only until the fed comes to the rescue. even as i think the company is sensational, i know that the stock is going to be hostage for these price cuts. therefore, even may be more

cuts from disney. disney stock, only done 9.5%. why? i can give you a whole bunch of nonsense. going to get right down to it. quote, demand and consumers continue to travel in record numbers. we are seeing some evidence of a global moderation from teak cokes -- post-covid travel. they basically said the post pandemic travel might be endemic. do you know what? they said the same thing about the u.s. travel. now disney is being hurt by it. no wonder the stock can catch a break. is it a buy? we saw that a lot higher. we are debating whether to buy it back or not. sometimes it is so hard to see through this stuff, as the code is so thick ferrari, you can't beat that. quarter after quarter. that is until today, when they gave temperate guidance. why? one word. normalization. that sounds neutral. it is code for something that is very ugly.

they said the forecast is for normalization. things are really smoking. that was over. things were booming. it is going back to normal. normalization. where else do we see that? kellogg. the cereal company. listen to this. quote, shipment volume increase from the retail inventory versus last year. we expect to normalize in the second quarter. normalize. translation, they are stuck with a lot of cereal. we are going to be able to make the numbers until they work off the excess inventory. we are going to miss the next quarter. there are two ways to approach this particular moment. i have been in this moment many times in the last 40 years. knowing that the calvary will be coming. they will probably be here sooner than we think. this is just about everywhere now. we are looking at the stocks with growth stores, that are looking to overweight them from the moment. i will give you a couple, because i am a nice guy. this is going to be perhaps the

greatest selling drug of all time. pfizer, is now starting to get stuff out of seattle genetics. just go buy that. you can make all that you want. what was that the other day? i forget. avoid the charitable trust that has been planned. in terms of secular growth, stick with the big dogs. don't over think it. amazon, apple, meda. nvidia reports from the 22nd, i'm really shaking. these are all very good stories that don't rely on rate cuts. maybe consider reddit, as they say that in numbers. talking to the ceo, maybe that is the one to buy. for people who want to ride the personalities, i suggest that you learn some stocks that will soar with great cuts. they will be agonizing to own until they come to the rescue. at the same time, take some laughing gas with amazon, apple, meda, nvidia, and general anesthesia with the drug stocks. they are stock equivalent of

xanax. if you put all your money in stocks that re-rate cuts to win, you will be slaughtered. if you go tech and drugs, you will be left when the money starts cutting. let me give you the bottom line. i'm not elling you to relax. i don't do that on the show. this is feeling a little precarious. i'm saying we are going to the value -- valley of the shadow of death. this is as long as you have a balance portfolio. ralph in new york, ralph? >> how are you doing? i was thinking nike is run 45% from the top of the last three years. they should take up and take it out of lemon. it has fallen to a third now. a bunch of discounts. what do you think? >> lulu lemon is still expensive. it is an interesting idea. in a perfect world, that would happen. we are not in a perfect world. i think nike is very cheap. how about hat? california? >> good afternoon. >> are you doing?

>> i'm calling, regarding exxon mobil. i have 3400 shares. i was invested in it. i got bought out. they gave me the dividend on 515. i can sell it. i'm wondering if i am making the right decision. if i sell exxon mobil, and buy et imperial x, or others. >> you make it so hard on me. the first two, i like those dividends. they are fabulous. here's what you're going to do. you're going to sell a quarter of the exxon mobil, and put it in et, and a quarter in the epl ex. keep the other half with exxon mobil. you're going to do terrifically. we are walking in the valley of the shadow of the fed rated you should fear no evil, as long as you have a balance portfolio. palo alto numbers. focus on the intersection of artificial intelligence.

cybersecurity, and i'm hearing of the company can continue to iterate for a rapidly changing landscape read the ceo. logic is off of the ceos. i love the toys. you can remember, they are much more than toys. let's go to the company stock great. they gave me the quarter that i thought. i would get it one year from now. ask me anything. let's dig into all of the numbers. stay with cramer.

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when cramer is looking at the p.a. and w palo alto experts, the stock experts say that 262 happened overnight. looking at cautious guidance and seemingly scary comments on a conference call. we bought it. travel trust was the whole way. it gradually started working back and 305 and change. i'm a big believer. the demand for cyber protection is endless. especially now that the hackers have access to ai. this company is the most comprehensive suite of solutions out there. later tonight, san francisco is holding a live event. prepare for a brand-new fight. they play -- plan to showcase some of their cutting-edge technologies. this includes the ai enable cybersecurity. before that happens, let's go straight to the source. chairman and source of palo alto networks. welcome back to mad money.

>> thank you for having me, jim. nice to see you again. >> last weekend, we were stunned. it warned buffett what he talked about, the most dangerous thing out there. ai, being used are the bad guys. he sent money to myself. he was basically describing how the bad guys can really take advantage of individuals. i know that you are about the business. you have a campaign, to me, says that everybody has to work. >> look, you and i have talked about this. it has taken us six to eight months, to really go out and realize the power of generative ai. seeing what it can be used for. we are going to see a lot more defect. you will see a lot of fake audio and video. you have seen live injection of fake video in the middle of conference calls. it is a wild, wild west, using generative ai for that act as an bad purposes. on the other side, you are

seeing organization that enterprises can seem to be more excited about with anything else. you have people wanting to build the next set of very large ai data clusters. every organization is clamoring to go into generative ai. in the next 36 months, i think this is a major inflection point in technology. we would like to say that ai needs to be secured by design. >> let's go there. as you mentioned, you need to have as much data as possible. data is the corner of the room. does anyone have more data than palo alto, figuring out what the bad guys may be doing? >> i was talking to someone earlier today about this. for the first time, we have reached an excellent technology inflection point, where it is looking at the balance income this. technology disrupts, new actors come into win. in this case, the one who has the most data, is likely able to build the most effective solutions. we can just 7.6 petabytes a

day, making us one of the largest in gestures of data in the world. this is barely with 100 customers within the platform. as imagined, everyone in the world will have the largest ingested data by far heard that allows us to analyze the data, and allows us to put machine learning into place. this allows us to see something with one customer, and propagate the solution with everyone else in real time, so that the same act cannot happen with the rest of the customer base. this is definitely a moment where lots more data will be ingested. we are positioned in a really good place, to leverage that ability, and find ai. >> this is about the incumbents. with the data, that skepticism should be put to bed. >> is as applicable, not just cybersecurity. traditional businesses, will also find that many substances of ai, will come with people who have the ability to interact with customers that get a lot of data.

>> customers get the data, companies get the data, they don't know what to do with it. the united health change act. who did they bring in? they brought in you. that you understood how to fix it. they brought you in pretty darn quick. maybe that has been the biggest in years. you got the deal. >> we will talk about deals later in the month when we report earnings. it is good that we were able to work with them in partnership, and go work with change. the biggest focus at that point in time, bring the pharmacies back online. bring the healthcare system back online. bring the doctors back online. they made that change, and it was very hard-working and done very quickly. >> one of the reasons we brought this all the way down for the trust, you talked about platform monetization. people will come on, and that is a gimmick. the reality is, isn't that what people need bikes they have their data in all different places.

you have to defend it everywhere. >> in the end, what is going to have to happen, you have 30 cybersecurity vendors deploy in your infrastructure. you need to be consistent. you need to be ready. you need to be able to analyze it on the fly. it is taking now 15 minutes for bad actors to fill the -- billed ransom ai attacks. 15 minutes, they can generate a campaign, to create a phishing attack. they can turn that into a ransomware event. >> you have salesforce and eccentric. two of the most important links in the new year that we are in. they need to be protected. they need you. i'm sure it is symbiotic you get in there and help them. they help you. >> what we are trying to do, and what we are launching today, we are saying that there are three major things that we can do in cybersecurity. we can infuse all machine little ai learning products.

we think that generative ai is great for the greater use case. in the case of cybersecurity, you need precision. you need to find the right thing at the right time, then deploy that plan. portfolio is going to be looking at precision ai. we made all of our products simple to use and easy to deploy. we have looked at all of these to track these products. three, we have actually built entire suites, or customers can deploy ai, secured by design. your employees will be putting their data in the wrong place. you will be able to track that and stop that. when you design your beautiful ai application, bad actors cannot hack into it. this is all going to be out there from open source. who knows how this will be operating in the future? >> one expense that i am not happy with, that palo alto is taking, keanu reeves.

>> i just put that on linkedin. it was a teaser. there is no one who personifies fighting bad actors, in a john wick matrix complex, then keanu reeves. we also wanted to have a little bit of fun once in a while. >> you deserve it. you work incredibly hard to read this is a terrific campaign. we want to prepare for a brand new fight for everybody, including the people who live next to a beekeeper. they should know how to be able to protect themselves. chairman ceo of palo alto networks. thank you for coming on mad money. >> thank you for having me. >> mad money is back. coming up, can it's hard to be hardware darling make a splash with ai? cramer, asks the logical questions, next.

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it's time to feed the dogs real food, not highly processed pellets. the farmer's dog is fresh food made with whole meat and veggies. it's not dry food. it's not wet food. it's just real food. it's an idea whose time has come. what happened to the refresh cycle that we talked here about? are the markets looking at it? this is what happened. this is the whole pc setup. this is the bread and butter. they have excellent quarter stock. this was the ugly session. the stocks came roaring back. could this be the start of the next leg up? let's take a close look good

ceo of logic international. for more about the quarter and what she sees, go back to -- welcome back to mad money. you have a very clear mission statement. you talked about the ambitious mission. this is one quote from my eye. this is a company that is most adapted to the fact that we are no longer in office >> absolutely. that's one of the biggest tailwinds that we have going forward. working forward, office, and on the go, you need equipment everywhere. >> let's go to the videoconference first. you are next level. new videoconferencing products. it has the edge on everyone else. >> absolutely. the videoconferencing business was up in the last quarter. this was great. that business after covid had declined for a while. that was up from some of the other businesses. we were glad to see that.

we had some really cool innovation, like the site videoconferencing. this is in the middle of the bid conference section. they are alone on the screen. 12 people in the room, and that guy is left out. with this new product, it not only swirls around, but it is an intelligent producer. not just to is talking, but who will focus on you, but when you are opening a pack of potato chips, it knows not to focus on you. this is really key. >> we have lots of different self-help books. they were too shy. they don't have the best ideas. theoretically, it could be a stimulating way to be able to have this kind of meeting. >> absolutely. this product, we have trained this with huge data sets. we have used machine learning on it. we know where the interesting compensations are happening. i bet that is next. >> let's talk about artificial thinking. you are one of the people that

has said we are using ai to create better products, and enhance productivity. i need a concrete example of what ai has done to make this even better. >> we look at ai in three ways. internally, it makes us better. we are seeing a 20% productivity increase. >> that means you layoff people? >> it means that we can do more with the same people. it is really important. >> good. >> second, we are improving products. we just once for example, the prompt elder. it is free. we launched it two weeks ago. it provides a shortcut to chat gbp. you don't have too go out of what you are doing. this is one of the complaints. this is a shortcut. we have already had 1 million user interactions. it is really working.

>> i'm on cloud three, hobbling back and forth and i don't have to toggle? how is that possible? >> we built this little shortcut. >> all i do is toggle. >> you don't need to toggle if you have a master keyboard. it is built in right now. the third one is improving audio and video. training it with huge data sets, like i just talked about for the videoconferencing tool. we are training the headsets for a two way noise cancellation. you are wearing the headset, you are hating that i am the airport, because you are hearing the announcements. they actually filter out everything that is not my voice. those are large data models and machine learning that is enabling that. >> you have a trusted brand. at the same time, there is virtually five oceans online. how do i find that particular

product? >> this is where brand building comes in. this is affordable and of good quality. i would say the opportunity to make it iconic, that is what we work on. this is what we are going to be working on. >> what you have new for gaming? we have many gamers on the staff. we always learn what is new. >> gaming gray percent in the quarter for us. >> unstoppable, right? >> that is what we are very excited about. >> this is very well for us. providing the keyboard. driven by simulation. i believe that it is hot for us as well. we have exciting, new products.

>> this is between a pc game and console game. >> you have to be missing with this. your stuff is so dazzling and so well-designed. >> you just said you are opening your pool this weekend. this is the ultimate speaker. >> it is dynamite. i want a new one. >> the stock that we have liked for a very long time. we have a new ceo. she hasn't disappointed. mad money, is back in at the break

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this is an unbelievable story that you are about to hear. ever since they became public in march, people question this platform for digital communities. it is actually good business. some of them are way too colorful for mainstream advertisers. tonight, they reported their first quarters as a publicly traded company. the results were quite simply stupendous. huge revenue beat, positive cash flow, surprisingly positive adjustment for interest, taxes, and depreciation. i wasn't ready for any of these to happen so soon. we have a much better outlook for the expected quarter, including probability funds. it is sensational. how did they pull off this amazing surprise? more numbers will be expected like this going forward. looking at the involvement. the cofounder president,

looking at the quarter, congrats on the quarter. welcome to med money. >> thank you, thank you for being here. how did you do it? maybe four quarters from now. you did it now. how did it happen? >> long story short, our work is working. increasingly, users are finding their home on reddit. they are doing so more effectively. our advertising customers are finding more and more success out of it. really, at the end of the day, since reddit represents everyone's interests and passions, that means every company's customers are probably on reddit somewhere. sadly by making a product easier to use, making tools better and better, e are able to realize that connection. >> i think that is really important. a lot of people feel that certain sites age out. they are only good for a

discrete period of someone's life. this is a site that grabs people, may be in there in formative years, and keeps them. >> that is exactly right. somebody might age out of social media. they age into reddit. we start to pick up users, emerging adults. maybe late teenage years, the peak of the bell curve for us, probably around 25 years old. we just keep them. whatever you are into, or going through on reddit, all of life's up and downs, big decisions, they are on reddit somewhere. we build really deep relationships with our users. we spend more and more time on reddit over these years, with his how long we measure account age. >> where are they mostly? where do you find that the celebrated -- sub reddit pages are here. maybe they are only reaching a 10th of the people that you want to. here, you might be reaching

100% of the people that you want to. >> sure. reddit, has big categories that you would expect to see technology , sports, entertainment. what should i watch, what should i wear, what should i do? every interesting passion and hobby is on reddit as well. one of the most fun things about picking up a new hobby, talking about what gear you are going to buy. reddit, is inherently commercial. maybe not in an obvious way. people are on reddit, talking about what they love to do, or what they are going to do. it makes it a fun experience around communities. really a natural connection with the company's customers. >> these numbers show me that there are perhaps two reddit's. maybe there are the reddit's that we now are learning from this evening, that many younger people know, this has become their main social media. it is fun.

it turns out to be far less brutal than people think. obviously, advertisers discover and maybe think that it is the ideal place to go. >> that is the thing. reddit, his people. people are fun. people are interesting. sometimes, social media loses track of that. the incentives are all wrong. on reddit, you are literally just connecting with people who have the same interests and passions you do. i think you'll find on reddit, oliver reddit, people are funny, more interesting, and more helpful than we might give them credit for generally. it just makes for a better experience. >> i think they are unfortunately beating melanoma. during the period she was fighting it, she would go to a melanoma home ease. everyone else who had the same illness, some further along, some not. it was a place of salvation until her surgery. some like that, if i were an advertiser, i would want to reach them so badly.

>> that is what i mean. much as what you are into, but what you are going through. i'm really happy to hear that she made it through that difficult experience. i wouldn't be surprised to hear the next time we talked, that she is now in there, giving advice and wisdom to people who are going through a difficult moment, that she now has experience with. we see this on reddit all the time. people helping each other. the reason they do it, is because they enjoy doing it. there is no other hidden incentive out of it. >> we are going to cancel these sports pages. some websites, you can read them anymore. they are filled with hate. i look up my philadelphia eagles, and it is people talking about a great trade and a great gm. somehow, it is bringing out the better of the person. not the worst. >> look, if reddit can help

you find joy in the eagles, then we have really done something truly national. >> that may be the case. i have got to ask you. this is a difficult site. i'm going to not mention the full name. m i it has a derogatory term. this is what people are reading everyday. they are trying to find out who people think they are. they enjoy reading about others. that is content that you don't have to pay for. i can only imagine the advertisers are getting such a kick out of being next to it. >> going on a community like that, what you find, thousands of people are telling stories every day. many other thousands of people, are weighing in, gossiping, providing feedback. they are debating it. it is very much what people do. this is how people interact in the real world.

there is an unlimited supply of a fun and interesting things to read and participate in. >> let's go in, so that people don't think we are putting numbers away. the momentum in average users, is extraordinary. i want you to be able to talk about how this thing is a juggernaut. >> thank you. we grew 37% year-over-year in daily active uses. over daily active users, 300 million weekly. the reason i'm excited, today, only 50% of the traffic comes outside of the u.s. if you compare that with the appointment -- appearance in social media, that number could be 90%. i think there is still so much opportunity to grow in reddit. it is the hard-core business. looking at the interest and passions that are universal. we are seeing a very nice growth now. we have a lot to look forward to. >> before you came public, was

the notion of community policing -- i honestly didn't believe it. since you talk to me, you said it is real. i cannot believe how powerful the community is. it is the anti-aggression law. this is driving up the good. how are you able to come up with the opposite? the good drives up the bad grade >> at the core, this is what i have seen, having had a front row seat to reddit for all of these years. overwhelmingly, people are good. they want to have nice experiences. the key is empowering them to create those experiences. on reddit, every user can vote up or down on this content. if you don't like something, you can download it away. we have users that we call moderators. these are not employees of reddit. users create and steward communities on reddit. at the end of the day, they are trying to create places that people want to be.

i think that is a very natural and human thing to do. reddit, reveals that. >> revenue streams right now, largely advertising. you can migrate to other areas too. give me the mosaic to where it is now, and where you expected to be? >> advertisement is the core business model. 90% of the revenue today. i think that has almost unlimited potential. facebook did 170 billion in average revenue last year. from where we sit, that could go forever. we are also investing in what we call the user economy. very simply, users are making money from other users on reddit. you should subscribe to other users subscribing to communities. users are buying digital goods. giving each other awards, gifts, and that sort of thing. i think that can be overtime. at the very beginning, one of the sayings, the only thing that skills the users are

users. i like the business models that are powered by them at the core. they can also be huge. >> you are in that part of the conversation. right up there with youtube and instagram. obviously, snap, i think. your people will not do so. this is an amazing quarter. i'm thrilled that you came on to mad money to talk about it first. all i can say is congratulations on a job well done. >> it is very much my pleasure. >> thank you. cofounder and ceo of reddit. this was a monster good, unexpected quarter for them. mad money, will be back (aaron) i own a lot of businesses... so i wear a lot of hats. my restaurants, my tattoo shop... and i also have a non-profit.

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it is time [ inaudible ]. the lightning round is over. are you ready? one to the lightning round. i'm cramer. >> i'm watching your show religiously. >> i watch and enjoy your show very much. i'm very interested in stocks. i have some money to invest. what do you think about stratosphere? >> the kid has a sense. 25 down, 10 up right now.

i like you so much, i'm going to let you keep it. beatrice in california. >> abu yeah, mr. cramer. >> thank you for taking my call. johnson and johnson, has announced an agreement with shockwave. they're going to fire down all of the shares into cash. what are your thoughts on that? >> it is a small deal for them. i mostly concerned about the s. i want the cow situation. if they can get that passed, then i would say goodbye until the cows come home. jr in washington. >> right back at you. >> all that i know about, i'm here. >> i just don't know how to value the stock. they lose a lot of money. i'm going to take a hard pass. mike, in illinois.

>> hey there, how are you? >> i'm doing, how about you? >> great, thank you. i have a question. great earnings, but the stock is doing nothing. what do you think? >> great earnings, you have to stick with it. i like that very much. let's go to paul in pennsylvania. >> paul here. pittsburgh, pennsylvania. question that i know you like it. last quarter, they had a blowout. this quarter, they had a pretty darn good quarter. 90%, last quarter. 40% growth this quarter. why would they say that the guidance is here? >> i like that to go very much. i thought they did a great job. i want to go to one of those bookends, and do a big piece on

it. i say not to worry. that company is a good company to own right here right now. dave, in new york. >> how are you? >> i'm good. >> great, thank you. what you think happens with tesla? >> i'm struggling with tesla. even from the decline, $557 billion company. i happen to think that there are problems in china, drums in germany, problems in the united states, and problems with the robot. other than that, it is dynamite. with that, ladies and gentlemen, the conclusion of the lightning round. >> the lightning round is sponsored by charles schwab. coming up, boo-hoo billionaires? how the super rich are getting this market super wrong. next trading at schwab is now powered by ameritrade, giving traders even more ways to sharpen their skills with tailored education.

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i thought i was going to lose it this morning. for the last 24 hours, we have been suggested from billionaire to alien air, planning about the markets. treasury department, and all the mistakes that have led uncle sam to be up to his knees in debt. why even bother trying to pick stocks when the whole world is run by numbskulls? than a moment of clarity hit me. sure, big picture. you can argue that everything is awful. the market doesn't seem to care as we are seeming to shave from middle time odds. waging a land war against ukraine, basically a democratic client state. it looks like we are losing. there is no end in sight. they lose the balance of power. you will suffer mightily. a war in the middle east, a government support for one country, seems to be met with a universal program. more to the war in gaza,

concern is spreading everyday. at any moment, we are going to be looking at a geopolitical powder cake across the entire region. we are looking at the president's approval rating, this is part of the business. the opposing candidate that is going through the unidentified trial, which can look at another trial that can help him claim that the election was stolen. the world feels like it is falling apart. the center is unable to hold. has that impacted the stock market at all? maybe the market is driven. many sectors are dissipating in the rally. in the end, what is really going? we have 9% unemployment rate. declining rate of inflation, things of the fed sheet. they have navigated us to a moment where the economy is finally starting to fly. this gives the fed some leeway to cut interest rates. suggested at the top of the show. this is all looking at the billionaire playoffs that are eager to scare you away from stocks. they are not deliberately trying to lead you astray. they can take financial advice

away from billionaires. their priorities are not your priorities. they always sound like that on the stock market. they are the best for people who are looking at obscene amounts of money. they are already super rich for heaven sake. there's no need for them to take any risks. you can argue that this homework you is archaic -- already a giant farce. this started tonight. the p.o.w. was at 1000. it is at 38,884. that is somehow -- some house of cards. that could never make me any money, even though it made them fortunes. it did for me too. from where i sit, the markets mean two things. a good take, how he stark means good use, and how the fed is looking at the same economy we are. in this kind of situation, we have to put blinders on. despite the jeremiahs and the billionaires, and the bear strategist, i can hopefully look at them for so long, they still have the commentator equivalent, of tender. at the end of the day, it is

okay to be pessimistic. the world is terrible for heaven sake. no matter how you feel about the world, stay opportunistic about the stock market, or you will miss out on every higher move. i like to say this as always, i try to find the market somewhere. i jim cramer. "last call" starts now. right now on a "last call." live from los angeles, day two of the milken institute global conference . the most powerful names in business. brought you a huge lineup. tonight, dare i say might've just topped ourselves. over this next hour, working to be joined by barry stern light, bryson allen, ray maguire, global music artist in ai advocate will a.m. that is just a start and moreover the hour. buckle up west