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tv   Mad Money  CNBC  April 1, 2020 6:00pm-7:01pm EDT

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buffett. maybe he's waiting in the weeds and with each passing day the market gets a little more scared >> where's warren? a lot of people are asking tim, dan, karen and guy, great stuff there again. thank you for tuning in to cnbc's "fast my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to make you some money. my job is not just to entertain you, but to educate, teach you about these times. call me 1-800-743-cnbc tweet me @jimcramer. when the marked was warned
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last week, i warned you. didn't think it wouldlast. more bad news about the pandemic and we would get slammed again that's what happened today dow plummeting 900 points, s&p plunging 1.4%. nasdaq also nose diving, 1.4%. last night the president gave us pretty down beat, realistic forecast for covid-19 fatalities if you've been following the experts and a potential death toll in the hundreds of thousands, might not have surprised you. but for a lot of investors it was a rude awakening i can't blame anyone for selling after that miserable first quarter with very little good news on any front in the battle against covid. let's be real. this market is an incredibly leaky ship if you've been laid off, having health problems, your family is hurting, supporting a loved one out of work, you're most likely going to have to sell stocks to get through this period. people need cash you can't fight that kind of selling. that's what we're seeing so why not simply dump everything, flee, maybe head for the hills, get out ahead of these people well, all right, i'm not going to -- if you need the money, you
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know i'm not going to fight it but let me give you a contrarian case for at least sitting tight, okay last week the s&p 500 rallied nearly 20% after congress passed a $2.2 trillion rescue package for everybody. workers, the unemployed, small business, big business think of it as life support for the economy while so much commerce is on hiatus. we've now given up a big chunk of those gains and the sad realization that life support isn't the same as real customer stimulus you can't stimulate the economy without demand and there will be no demand until we beat the virus. don't get me wrong, we absolutely had to pass this bill without it our country's economy could have shutdown. tens of millions of people, all those people work for these now desperate small, medium size business, they could be out of work it prevents the pandemic turning into an apocalypse it's huge. great it got done. no amount of cash can make consumers get their haircut, their nails done you can't go out and grab a beer
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when all the bars are closed it's a new world it's a world where companies with the strongest balance sheets will survive, and ultimately thrive while the little guys are more likely to get wiped out. a lot of the show is going to be about that i was on halftime with my buddy scott wapner today he's hosting a special tonight after the show we were almost all negative about the market right now it's kind of a foregone conclusion, it's going lower however, one of the panelists, karen fire stop, one of my classmates at harvard who is whip smart, terrific all around friend said something that bears repeating. this will end and when it does you won't be able to buy stocks at a discount because the market will turn into a rocket ship that means you can't wait till the ideal moment to buy. you have to pick up stocks gradually on the way down. i know today was terrible. once we beat this virus, we could have a much bigger rally than the one we just had last week but we're not there yet. we're not. i can't be constructive yet. i'll get more constructive when we give up last week's gains
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what marie testing march lows, i think that's a better time to buy. i'll feel better betting the curve. exponential pace, we're a long way from peak in infections. we need some time to pass. i also add something when i spoke with karen and the team. i told karen that i remember all those really smart people in our class who went on to med school. the truly brilliant ones who weren't named bill gates or team balmer the two most notable class of '77. i don't want to bet against those doctors or scientists. that's what you're doing if you keep selling all the way down or don't pick something up into the weakness this is not like the run up to the great ee recession when the federal reserve was commit today doing nothing. they only took after when the financial system collapsed >> they know nothing >> our government learned its lesson they're being proactive. they read the papers they get unstuck, they unstick it it's not just the government many businesses are going out of
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their way to help us cope with the pandemic leading the way is a positive force for change few executives, few executives have been more forceful or relentless in championing this cause than our first guest, chuck robbins, the c.e.o. of cisco systems. mr. robbins, welcome back to "mad money." >> it's great to be here, jim. >> all right so, chuck, you're really taking a leadership role now. $225 million commitment to covid-19 response. support offers to customers. most importantly, your leadership during covid-19 crisis, first person to organize, get people in silicon valley to be involved. sounds like that you are taking the role of the corporate citizen far more than we used to think used to happen in corporate america. >> well, jim, i think that we all recognize that this is an unprecedented situation and we all have to react and respond in the ways that we can and, you know, from the call that we set up 2 1/2 weeks ago to the work we've been doing
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with the most vulnerable in silicon valley, there's lots of people working with the food bank we've been rallying volunteers we're shipping equipment into hospitals so nurses can do virtual intake of patients to remove themselves from the risk. i mean, there's a lot going on i tell you, there are lots of companies doing a lot of great things right now i would say everyone has stepped up and it's just been impressive to see the business community rally around this issue. >> i think you pretty much told your people if you have something, a way to do it, a way to save a life, a way to help anybody, just go do it sounds like there is a lot of improvisation that's working >> well, they're actually telling me what they're doing, jim. we had some folks in the u.k. that started 3-d printing surgical shields and masks i got an email the other day where my team is doing an encrackow. woor doi
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we're doing it in san jose this week we took our video units off our desks. people are working from home and we've been packing them up, sanitizing them and sending them into these hospitals where they're literally in new york, they're going to be able to do patient intake virtually on the other side of videos so that -- just to minimize the risk. but the teams are working and putting networking into new hospitals that are being built they got video going into nursing homes to help patients spend time with their family it's unbelievable what they're doing. and this is happening in companies all around the world >> now, chuck, you have a business webex it's always been a big business. sounds like it could be a big business the number of meetings, minutes occurring, it's extraordinary. >> it has been amazing i want to just call out my team who have just done an exceptional job. the explosion over the last few weeks has been extraordinary and just to give you some
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statistics, we just finished march, we did almost 15 billion person meeting minutes during the month of march almost 330 million users we did 4 million plus meetings per day. and again, we don't count one on ones as a meeting. these are multi-people meetings. there's so much going on asia is three times the volume they were before the covid outbreak america is 2 1/2 times all are growing still. the teams have done an amazing job and really have scaled the platform in ways that you never would have dreamed possible. >> the people i know who use your product use it not just because of the quality, but they feel the security is very, very strong and they need that. >> well, jim, look, we believe that security is the most important thing with our customers, and we said for several years we believe privacy is a basic human right and so you either believe that or you don't
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we have designed and built security into the products from the beginning. we don't believe you should have to opt into security we think it should be there natural, including end to end encryption the thing about your data is that it's your data and we won't represent it, we don't sell it we don't have third-parties doing transcription. we do that in-house for you. you know, this technology now in particular is being used in massively distributed ways where people are talking about companies' intellectual property, government issues. it has to be secure. we have to guarantee the privacy and that's what we are committed to do. we built it that way from the beginning. >> this is the new world, chuck. are we all going to decide it's not so bad to be at home >> well, i think we've all discovered that we can be much more productive in this environment than we probably thought we could it is -- i spoke to a c.e.o. of
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a large investment bank who said, if you had told me 90 days ago that 95% of my people would be working from home and we'd be productive and running the firm the way we are, i wouldn't have believed it, but we are. so i think longer term it's going to change how we think about work and it will have a profound impact on how we think about our employees, their productivity, our buildings, our campuses, our commercial real estate and we'll worry about that when we get through this crisis. >> chuck robbins, thank you for everything that you're doing to really rise to the occasion. and i'm so glad that business for webex is working out for you, sir keep it up >> thanks, jim thank you for your leadership on these important topics >> thank you, chuck. much more "mad money" ahead including my exclusive with pbh, nestle and what chuck robbins is doing with cisco. stay with me >> announcer: don't miss a
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right now we just don't have enough coronavirus tests, gowns, masks, we don't have enough ventilators for the people who get really sick. i think we need to do everything in our power to make more.
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otherwise this pandemic gets a lot more lethal. which brings me to rest med, a medical technology company focusing on respiratory disorders. rest med makes ventilators and management says they're looking to double or even triple production plus we might be able to retrofit their other machines into makeshift ventilators huge let's take a closer look with mick farrow. how his company can fight covid-19, he has a terrific company. i'm familiar with it welcome back to "mad money." >> jim, it's great to be back. i wish it was under better circumstances, but happy to talk about the covid-19 emergency and how we can help. >> you have put a number of people, there is a resp med, 145 are working in 140 countries that's incredible. you made it a task force it's a mission for you >> it is, jim. we have a global covid-19 task force.
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we meet every day. we have a global meeting twice weekly where we have people from europe, from asia and americas all getting together we've been on this for 90 days we were there in wuhan, hubei province, ramping up our manufacturing from shanghai province over to wuhan, and we followed it through china. we saw the crisis go through asia we ramped up our singapore manufacturing plant. we've now seen europe ramp up, and now the united states, particularly new york, california, washington, michigan, and we're ramping up our sydney, singapore plants to maximum capacity we're going to double, triple or more our non-invasive ventilators, invasive ventilators and do more than ten times the volumes of our ventilation masks to take care of covid patients so we keep them breathing and fight the disease. >> when we're speaking about doubling and tripling, what is the base, how many are we
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talking about? >> well, jim, we are the number one provider globally of cpap manufacturing. number two globally in noninvasive manufacturing. if you include all ventilators, we're in top three, top five in all 140 countries. last year we made 14 million masks, full mask systems we made more than 2.5 million flow generator systems including c paps, noninvasive and invasive ventilators. if you break it down to just the ventilators, we made tens of thousands of ventilators last year in 2019 we're going to do double that and triple that, and we're going here in real time. ramping up our singapore plant, our sydney plant, shipping to europe, i was on the phone with fema last week a great colonel in the u.s. army, that group at fema, sort of like the general
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schwarzkopf. >> i want to understand the difference between what the c-pap ventilators can do and the biorespiratory devices there is some confusion. i understand the c-pap can be converted and all of these can be life savers >> jim, there's a lot of relationships between the type of ventilators let me break it down for you there is the highest end ventilators, these are used in dr critical care, icu, ccu and step down there are bioventilators if you think of c-pap, c-pap is kind of like the chassis of a car. you know, it's kind of like a 4 cylinder car we can put a v-8 engine, motor power, extra software, extra sensors to ramp it up to become
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a noninvasive ventilator and we can ramp up the production of the bi-level ventilators and noninvasive ventilators by 10 x and beyond what we've got we've got almost unlimited capacity to meet the needs on final manufacturing. people keep talking in the media about a ventilation manufacturing problem. it's not a ventilator manufacturing problem. we have 500 parts in the advanced v-8 level invasive and noninvasive ventilators. as people come to help, we tell them don't buy the parts we can use to make these at scale help us make the parts when we get genuine offers from automotive companies, aerospace companies and defense companies -- we've had hundreds of offers -- we say, fantastic don't make a ventilator and buy these parts. make these ten parts for us and let us scale, which we can, between us and our competitors to make the demands of covid-19. >> got you now, have you been in contact with the legendary elon musk who i know our own phil lebeau was saying tesla deserves some
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credit for coming through. but at the same time, there are complainers who say listen, all that he really is is shipping not ventilators, but c-paps. to quibble, anybody who does anything is okay with me i want to get your definition of what he's doing. >> jim, my take on that -- we've had offers from tesla, from many other automotive manufacturers, from some of the biggest aerospace companies in the world and defense companies who can help with o-rings and screws look, tesla can help us with lithium-ion batteries. i think it's great what elon did. he bought what i would call buy level, platform of ours from five years ago from asia and brought a thousand of them from new york that's help with logistics that's fantastic the product is out there and he can move it for us, that's fantastic. we're ramping up plans double, triple, ten times on the masks what we need help with is a couple components, shipping and
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opportunities to work directly with these hospitals and states so we can get our products to the front lines, to the front-line heroes. those respiratory therapists, respiratory nurses, pulmonary and critical care physicians those people are the front-line heroes these ventilators don't run t m themselves we can make them we can devote them to covid-19 let's get ppe and devote ventilation to hospitals around the country. >> governor cuomo said only 20% of the people on ventilators live that sounds too low. you know these things. is that too low? >> the data is moving on a day-by-day basis we've seen stuff out of china, italy and the u.s. it's critical care on the ventilator you get a lot of fluid buildup in the lungs if we catch it early enough,
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survival rates can improve >> got it. mick farrell, thank you for everything you're doing. we didn't talk about your main product everybody loves a that you're taking share and taking names. we loved your stock ever since you were on before that. that's rmd doing the right thing. by the way, what a fabulous company. "mad money" is back after the break. (soft music)
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with the marked getting mauled again, you have to understand this sell off is nothing like a month ago when everything got hammered indiscriminately it is important for your portfolio. the coronavirus winners are holding up a heck of a lot better than the losers take nestle, a swiss package foods power house that got dinged today it is not only a classic
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recession-proof business it he's categories flying off the shelves thanks to the lockdown bottled water, candy, coffee, frozen foods, ice cream. nestle is in incredible shape. they are reporting solidquarte in february. they keep the world supplied with food. let's take a closer look with mark schneider, c.e.o. of nestle, world's largest food company. mr. schneider, welcome back to "mad money." >> thank you, jim. thank you for having me back >> sir, you're a remarkable company. not just because of the breadth of products you have, but you're an incredibly charitable company. what i want to talk about in this terrible age of covid adds the world's largest food company, how are you able to get food to the super markets and fill all those shelves that are constantly having to be restocked? because i can't find your stuff in the super market a lot because it's snapped up constantly >> look, this was a tremendous global surge in demand as people
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were stocking their pantries in order to get prepared and spend more time at home. and so we're scrambling, we're working as hard as we can. business is our main purpose at this hour to make sure shelves and pantries are stocked and people have essential food and beverage products. of course, this was an upsurge no one got prepared for and we're scrambling to meet demand and working hard at it >> one of the things that i think that you guys do better than almost anybody that i think people don't talk enough about, pets, pet care it's really shining here and i want you to mention it because we talk about beverages, nutrition, water is amazing. your mix of what you're selling, iconic and local brands for pets doing incredibly well. >> you're right. and pets need to be fed in this crisis, too, so we saw some stocking up there as well. even before the crisis, this is one of our best-performing categories up 7% from last year we just actually announced today another acquisition in the pet
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food space, lili's kitchen based in the u.k., high-end pet food for dogs and cats. this has huge potential down the road >> you're doing something i think a lot of food companies have not been able to do successfully your premiumization is working, whether it be vegan, sustainability, organic, naturalization, every single one of these initiatives seems to be able to make it so your profitability is very strong >> you're absalutatorianolutelym these are the trends we're seeing we're working with those working patiently i am frochling our products to meet those demands. i think those things will stay on trend going forward through this crisis. so it's a worthwhile endeavor to keep working on those. >> when you were on last, we talked about the idea of a bottle, of a plastic bottle perhaps not being -- not going to end up in the pacific in the giant island how is that going? >> yeah, so, sustainable packaging is the key area. sustainable packaging is an area
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where people report directly to me because we need to make proper across the full spectrum of our products. biodegradable is one solution. reuse ashl reusable is another one. we want to make our products recyclable in 2025 this year will be elimination of plastic straws to replace those with paper straws so all of these initiatives are working well and making good progress >> my kids and i joke at the end of the day, i have a daughter who lives in madrid, sadly very tough. a daughter whoa lives in greenwich village. we do face time. we all laugh because the only thing that makes us happy is we're eating a ton of candy. it makes us happy. i bet you we cannot be alone >> look, this is a time where snacking and comfort food is just as important as essential nutrients. you know, it's a stressful pier gro period for all of us making sure those are available is a big part of our job
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the heroes of the hour is the front line workers they're doing a good job in the factories, distribution centers to ensure that happens >> not enough of us talk about -- i was watching on our 5:00 show. the people who bring food from your factories to the store, the most unprotected people in the world other than the people in the health care business, how are they faring? >> look, i mean this is exactly what i mean when i say that the front-line workers are the people i admire the most it's our job to give them every help and support necessary that means, for example, enhanced hygiene protocols, safety and protection gear when necessary. and it also means from a top management perspective, we really try to spend time with them my colleagues and i, we do spend time regularly at distribution centers and factories to be sure that front-line workers understand we're with them in this >> now, mark, the idea there are a lot of people who have always
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been well employed never thought they would be in the unemployment line, never thought they would be short of food. you're doing something about that, too, right >> yes so, we're donating where we can across the 187 countries in the world where we're present. you know, this is a global problem and hence we need to help where we can. we want to be a good neighbor in the communities where we're present. so we're donating to food banks, meals on wheels, in america we give donations to make sure food reaches people who cannot leave their homes. we are supplying hospitals with medical nutrition. we are sharing some of the medical protocols now for people that need to be on a respirator. lots of things that are happening across the full spectrum, what we can do to help mitigate this crisis >> how is the food service business because i know that we've had a number of companies -- conagra we had yesterday, they're doing well in the super market the other side, there's a lot of offices and businesses that are closed right now >> absolutely.
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and food service, all in all, is about 10% of our revenues and that, of course, is hard hit we're working closely with our food service partners because many of these businesses, of course, are facing tremendous stress and we want to be sure they make it through this period but yes, it's a negative on the food service side. it's a positive on the in-house consumption. >> i would have to believe the positive on the in-home does, let's say, exceed what could be the downside from the food service. >> it does, but do keep in mind you have to look at this through the full cycle so right now, of course, people are stocking up. we all hope that this period we spend in our homes is a temporary one, and -- but over time, i think the overall trend towards more out of home consumption will come back of course, pantries at some point will get de-stocked as well it's important not to look at it as one week or one quarter basis but more on a one or two-year basis. >> i hope not but i understand
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the last question is from my wife she said, you should ask mr. schneider whether he's ready for the onslaught of babies nine months from now. >> you know, infant nutrition is one of our biggest businesses and obviously this is a core category for us. we're ready for every surge that might happen every baby that gets born, you know, we are cheering it on. >> only silver lining in this whole thing. mark schneider, you are terrific c.e.o. of nestle's what an incredible company thank you so much for coming on "mad money." >> thank you, jim. >> that is a great company i wish one day we can get the shares, buy some because nestle's is one of the best-managed worldwide food companies and they also have a pretty good reputation for charity. "mad money" is back after the break. at leaf blowers.
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at this point we're mostly numb to the market's jaw-dropping declines. we were down 974 points today. typical wednesday. takes a lot to surprise us these days, doesn't it consider the hideous decline in pvh, the power company we like so much. you know calvin klein. the stock was trading 105 at the end of last year it's now $32 after plummeting another 13%. turns out pvh did well this quarter. company posted a solid top and bottom line. beat slight misses on the margin front. management also declined to give -- for the full year. gave verbiage that makes me nervous. they don't know when stores will be able to reopen. it's not like you need a new wardrobe when you leave the house. let's check in with the straight-shooting chairman and c.e.o. trying to fill in the blanks here. welcome back to "mad money."
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>> how are you, jim? i wish we were together. at least we could give each other an elbow bump. >> i wish we were together, too, manny. i appreciate the fact you came on people said, you know what, because he's in apparel i bet he doesn't want to talk it's the opposite, you come right out. i'm thinking of your company, manny, because of the balance sheet, the revolver you drew down and i think you have a lot of staying power. >> thanks, jim i think that's a pretty accurate picture of us. you know, we have very low leverage overall we have a very strong balance sheet, about $1.2 billion in cash and available borrowings. we also announced a few months ago that we would be selling our speedo business and that will generate in the month of april another $170 million so given our overall conservative capital structure, i think we have a tremendous
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amount of capability to weather the storm, but no retailer and no apparel retailer is built to be shutdown. and that's what we basically are right now. we have our online business, but it's doing really well but our stores in north america, europe, asia and brazil are closed down because the governments made the right decision to have social distancing >> there are some of the larger department stores. i shudder, macy's was eliminated from the s&p 500 yesterday it's a great institution they are not built to be shuttered either how long do you think some of these department stores can stay closed >> look, jim, i think everyone is facing that challenge i think macy's, jeff beganetgann his team are doing what they can to weather the storm they could be cash generating. i'm not going to speak for them, but clearly they're going to be
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a survivor when this is all over and we have a great deal of confidence in that management team and that company that they'll weather the storm. >> manny, when i heard something you did, i told my wife, let's go out and buy a lot of tommy hilfiger >> thank you >> you came up long when everyone else is coming up short. personal protective equipment at montefiore incredibly sad article in the journal. number one hospital, you were right there to help them >> i'm on the board of montefiore that is an unbelievable institution led by dr. phil azow he's done an amazing job and they service a community in the bronx and also lower westchester in more affluent areas like white plains hospital. they do it -- that entire hospital network does an amazing job. their nurses and doctors are, you know, heroes in my mind for what they're doing during this
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crisis and if we can help in a small way using our, you know, sourcing network in the far east to help bring in first about 1.5 million surgical masks, n95 masks, in the pipeline another 5 million masks to help them through this storm, it's our pleasure to do it and, you know, it's our small way of contributing to the effort and that's why i was down at the hospital making sure that the quality control of the masks that we were bringing in were going to meet the high standards that we have at montefiore and in our overall health care system they're my heroes, and anything we can do to help them is great. >> you're my hero because when you were at montefiore, you discovered that you are not well, correct? >> i'm fine, jim i discovered that i have the virus because of the testing and because i was going to be
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present there. and anybody who is going to be inside the hospital for an extended period of time needs to be tested, so i was tested and i was kind of shocked when i found out that i was positive. i'm asymptomatic my wife hasn't been tested, but 95% sure also has the virus, has some mild symptoms at this point. and my parents, 90 years old, both of them, live with us in a separate apartment and we've had to isolate from them but thank god, knock on wood, we're in a good situation here and, you know, we're one of the fortunate -- we're a fortunate family so those health care workers, those hospital workers at montefiore and the other hospitals in new york, they're the real heroes. the policemen, firemen, emergency workers going out every day and putting themselves at risk. whatever we can do to support them >> that has always been the way
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you handle life and i think it's fantastic. when we get through on the other side, manny, what's it going to look like? you've got stores that are in malls. you offer great value, the heritage business. you've got the dominant brand, tommy hilfiger, dominant brand calvin klein what will things look like when we're finished with covid-19 >> look, jim, this is going to be a painful process the president has talked about it governor cuomo here in new york has really taken a leadership role, he's talked about it we're going to go through some pain here for the next month or two. but i think the industry will come through it. there will be, you know, casualties secretary mnuchin talked about there's no way to avoid, there will be some levels of bankruptcies retailers and industry that's being hit, apparel retail as a discretionary item is going to
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be impacted. and i think when you look on the other side, i think, you know, i've always felt that prior to this that over the next five, six years, our industry would go through some significant consolidation. and i think this is only going to accelerate that consolidation as we go forward so -- and it probably will accelerate some of the store closings that need to take place. >> right >> and i think it will make us a more efficient industry, but there will be pain going through it there's no doubt about it. my job, i think, is to try to get pvh to the other side. i talk about heroes. i talk about the people at pvh that have just done an amazing job. people who have been taking care of their families, their children that are home and at the same time that they're home schooling and taking care of their kids, they're on the phone with our retail accounts, trying to manage the order book for spring and fall. we've got merchandise and
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inventory coordinators trying to deal with the sourcing network in asia and looking at how we can manage our supply chain. at the same time they're dealing with family commitments and dealing with elderly parents, but at the same time getting it done for pvh you know, when you talk about leadership, that's leadership. >> all right >> and i've been so impressed with how our people in north america, europe, asia and australia have really stepped up and been able to do their jobs from home, been able to take on the burdens that we're all feeling and the stress and pressure we're all feeling in our business life and in our personal life. and i think, you know, that's been a model as we go forward. >> manny, thank you so much. i'm glad you're feeling well i'm glad that your team is doing such a remarkable job. and thank you for everybody, because montefiore is an unbelievable hospital. great to see you, sir. >> thank you >> chairman and c.e.o. of pvh. and the struggle is real.
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it is time it's time for the lightning round. >> buy, buy, buy >> sell, sell, sell. >> and then the lightning round is over. are you ready, ski daddy time for the lightning round start with josh in california. josh >> caller: hey, jim, how are you doing? >> i'm doing well, josh, how are you? >> caller: good. my grandfather and i are long-time watchers is it a good idea to sell dunkin' because doughnuts are not in high demand right now >> it's okay to sell it. my charitable trust owns starbucks, taking the long term
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view i would take a pass on dunkin' let's go to joseph in connecticut. joseph >> caller: james, how are you! >> i'm good, how are you >> caller: where do i start here >> i don't know. [ laughter ] >> caller: thank you for all the help you do for us >> thank you very much i really appreciate it >> caller: shout out to your daughter, hope she gets home safe when she wants to come home >> well put, well put, sir >> caller: i say that because i'm a brand-new grandfather and i can't see my grandson. he's in california we have to wait -- >> this is sometime. this is sometime i hope this thing ends soon. how can i help >> caller: i am calling about virgin galactic. >> well, that is' a very speculative stock. you know it ran all the way up it had an incredible run frankly. it went up to $42, but it was a short squeeze. people were betting against it at these levels it's come all
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the way back down. i say it's a decent spec it's not my favorite if you want spec i would go with tesla. let's go to majid in michigan majid. >> caller: hi, jim, how are you? >> i am good how about you? >> caller: doing well, thank you. i'm investing in the market, positioning myself long term considering that oil is hovering around $20, wanted to get your thoughts on marathon oil >> i think when you look at marathon, you have to look at the debt side. i think that they have -- when you see these big yields and you see these stocks really low, it tends to mean the credit side is not strong if you want to own an oil, i do not encourage it, the one with the balance sheet to get through this period unscathed, is chevron. it yields 1.5% they're committed to the dividend let's go to pat in north carolina, pat. >> caller: thank you for your
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words of wisdom. >> thank you, pat. >> caller: in '04, i bought idec stock when they were working on a vaccine for mad cow. i wonder if they are doing anything with cv-19. are they working on that also? >> i don't know. i have to call them, my contact with the company has retired sadly, because he's the greatest, john ayers i will tell you this i like chewy which i think is a way to get food, pet food into your house i also like nestle's by the way because they own purina and they do a great job fresh pet has some unbelievable numbers, too there's a lot of great humanization in pet stories out there. let's go to drew in connecticut, please, drew. >> caller: jimmy chill >> oh, man, chill man is in the house. what's going on? >> caller: hey, sincere thanks for fighting the good fight in these times. >> thank you >> caller: my stock is procter & gamble >> procter & gamble has had some
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unbelievable numbers in the last two months stronger than i can recall 2.7% yield, great balance sheet is a buy buy procter & gamble let's go to steve in maryland steve. >> caller: big sanitized booyah to you i have a nice position in first horizon. you had this guy on about a month or so ago. >> jordan is driven. this thing yields 8% talking to secretary mnuchin, he's not talking about getting rid of the bank dividends like they did in europe brian runs a fantastic bank and the strongest part of the country. i understand there's got to be loan forgiveness i think at 8 bucs, wow, 7 bucks, enough enough with the selling. let's go to tom in new york, please tom. >> caller: hi, jimmy, this is tom from new jersey. >> all right, buddy. >> caller: good. i spoke with you couple weeks ago about going into cash. today my question is in regards to apache energy
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>> yeah, that's the worst performing stock in the s&p. i have to tell you, i know mr. chrisman is a good man they wrote it off, too much gas, not enough oil, it's not a good situation. and that, ladies and gentlemen, is the conclusion of the lightning round! [ buzzer ] >> announcer: the lightning round is sponsored by t.d. ameritrade app app so you can quickly check the markets? yeah, actually i'm taking one last look at my dashboard before we board. excellent. and you have thinkorswim mobile- -so i can finish analyzing the risk on this position. you two are all set. have a great flight. thanks. we'll see ya. ah, they're getting so smart. choose the app that fits your investing style. ♪
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you can learn a lot about a market by looking at its winners and losers take the five best in the s&p. pharmaceuticals run by the great lynch lifer. it rallied 30% in the last three months they're working on both the treatment that alleviates covid's most lethal symptoms and a vaccine. they were on "mad money" 15 years ago. he's not a dream error schemer, he's a realist a month ago he was up beat about what they could do in the scourge. lately he's become more optimistic because he thinks they might really have something. by the way, lin put out a brilliant infrastructure in an op-ed piece. he wanted to find a infrastructure not by tax on public companies i thought it was a cool idea now the economy is in such dire straits. i think it makes sense for the government to borrow a gigantic amount, 30 year war bonds, coronavirus war bonds.
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the second biggest winner is citrix we just covered this company it helps remote workers stay connected with their colleagues. it's the original collaboration software citrix is the season company it vaulted 30% the last quarter. i think it has more room to run. third is netflix i know we've seen lots of surveys showing netflix might not be doing well right now. i could care less. everyone is starved for entertainment. there isn't any sports seems low to me. real estate investment trust that owns data center properties with everyone using the cloud to work from home, the data center is on fire this is a reit, by the way, rallied 16%. i like it here, 33% yield, but i'd like it more on a pull back. finally there is gilead up 16% the company is working on ways to fight the virus
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they are testing an antiviral. i sure hope it works, but make sense, i'd rather buy regeneron. how about the worst performers no real mystery. energy, right? been annihilated by the collapse in oil prices $20 a barrel remember, i didn't like the oil even when crude was in the 40s i thought the environmental world was turning against them i hope you got out when i said get out, then get out again. down here they're tough to own apache used to be a terrific international energy company they sold off far flung properties wrote it off stock started the year at 21, now at 4, down 84% stocks, at least they stop at zero second and third worst repair caribbean cruise lines we had all these companies they're incredibly well run. they offer very popular service. they're inexpensive service. but now cruises are totally off limits until people get over the exposure to covid-19 as we've soon over and over again, you don't want to be
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stuck on a cruise ship during a pandemic royal caribbean is one of the worst neighbors on earth i want you to avoid the stocks in the coronavirus blast zone. the last two, marathon oil, noble energy, they're the fourth and fifth worst performers in the s&p. these are terrific energy companies, solid, excellent properties none of that matters with crude at $20 a barrel and permian going at 10 bucks. even the best oil producers are nothing more than a dice roll. we'll see more bankruptcies. i wish i could say buy an oil. i just can't maybe there is a bounce after the president meets with the oil execs. if you get a bounce, sell it the losers, i think keep losing. andrew in maryland andrew >> caller: booyah, cramer. >> booyah, andrew. >> caller: question is how heavily impacted with six flags be by coronavirus since they extended closures till mid may and potentially in the summer
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months and how can it affect their bottom line and will they be able to rebound? >> i think that it's going to be very rough for them. it's a suboptimal situation. i don't think it's worth the risk to get the 8.7% yield i think you're going to have to take a pass on that one. i think it's just too hard to own. all right. well, we got the list winners and losers winners going to stay winners. losers could still lose. stick with cramer. this volatility is unheard of, people use it to reevaluate your portfolio. >> you're the best >> thank you very much for your show and advice throughout the year >> we have your back and we will get through it together. >> thanks for always being willing to stick your neck out and give us your honest informed opinion. >> i want you to know we appreciate you trying to help us out. >> i am there for you, the all right. these times i am fighting for you. you get every bit of the my knowledge. i'm just trying to do my best for you. we always get through these
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together will this time be any different? no at&t has connected us every day for over 100 years. and we're here for you - especially now, doing everything possible to keep you connected. through the resilience of our network and people... we can keep learning, keep sharing, keep watching, and most of all, keep together. it's the job we've always done... it is the job we will always do. when yowhat do you see?itical issues facing our world, we see breakthrough medicines getting to patients in record time. we see harnessing natural gas unleashing the promise of clean energy. we see engineers simulating the future to improve today. at emerson, when issues become inspiration, focusing core strengths to create a better world isn't just a result, it's a responsibility.
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emerson. consider it solved. - [female vo] restaurants are facing a crisis. and they're counting on your takeout and delivery orders to make it through. grubhub. together we can help save the restaurants we love. (vo) they're adapting to supporto their communities.s. but many need our help. if you're a small business in need, or want to help a local business, go to intuit quickbooks. without some breakthrough in science, we're going to go back and test last week's lows. we were up 19% at some point last week. maybe we go through them with corporate news i always like to say there's a bull market somewhere and i promise to find it for you here on "mad money. i'm jim cramer see you tomorrow
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our special "markets in turmoil" starts right now progress report, medical insight. the latest on bailouts and small business survival. "markets in turmoil" next. watch and listen live on the cnbc app ♪ ♪ good evening i'm scott wapner this is day 94 of the coronavirus crisis the dow drops almost 1,000 points as the u.s. marks its 200,000th confirmed case of the deadly illness >> it's a new month and a new quarter, but it's the same volatile markets. >> the bottom falls out of the market again. >> the big market sell-off that we are experiencing at this hour >> the dow tanks almost 1,000 points >> this model projects you're going to have a high death rate
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through july >> a


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