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tv   Mad Money  NBC  February 4, 2016 3:00am-4:00am EST

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you can customize it. these are massage oil from eden's garden.com. candle, hoda, you can burn it, and then you pour it over your partner. a little massage. then last but not least -- [ laughter ] >> bye. we'll see you tomorrow. 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. i promise to help you find it. "mad money" starts now. hey, i'm cramer. welcome to "mad money." welcome to cramerica from san francisco. other people want to make i'm just trying to make you a little money. my job isn't just to entertain but to put it in context and
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call me at 1-800-743-cnbc. or tweet me @jimcramer. let's give this day its due. when oil turned up it took the entire market with it which is how the dow jones average could go from down 193 points before the reversal in oil to finish up 183 points. s&p gained. nasdaq declineds just .28%. what a strong, bizarre comeback. big jump in oil. a monster $2.60 move off the $3 basis but something profoundly positive happened today. the stocks of the companies that were most on the ropes in the oil patch like chesapeake, freeport and other dead man drilling stocks actually read the rally and that reassured buyers who flocked to many of the beaten down sectors in this market.
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for ages oil has been dragging down the whole market because of a false sense that demand for crude is declining. machines that sell stocks when oil goes lower may make them money. it doesn't make them right. i don't want to argue facts. the fact is the demand for oil is going up, not down. there is a consequence to oil going down, when when it's a supply glut not demand softness. we get very concerned. worried, frightened about oil companies where the cash flow from the wells isn't great enough to cover the debt load. hence, bankruptcy on the horizon. this is a big but. if crude could stay between $35 and $40, a few bucks higher than now, many of the troubled oil companies can pull off the unthinkable and stay afloat. that would relieve the biggest stress on our system out there at the moment and drive all stocks higher if we took it off the table. am i being foolish here?
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especially when you consider the two trends like the dollar getting weaker and commodities like copper going higher. those are big changes. i don't know if they will last but they are big. in the dollar goes down you need more green backs to buy a there is a cause and effect relationship here. while you can't actually trump the oil glut it can move up the price of the commodity as it did today. we also stepped to the outer limits of crazy town for a moment, too. stocks of companies that should be negatively impacted by higher oil and gas prices like the retailers and the restaurants did go down today. how nice to see a breath of fresh reality creep into the equation. maybe this has finally started taking its lithium in order to tamp down some of the endless lunacy. despite the return to sanity there were pockets of nuttiness. the selling of the bank stocks is jarring.
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i think it's caused by rumors that we keep hearing about large banks in europe that might be in trouble. the federal reserve is attuned to issue in the banking system is something they find worry some. they may go on hold about the planned rate hikes f. they don't raise rates banks don't make money off deposits. we have a bizarre situation where financial stocks get punished again and again for the same thing. yet they can't defend themselves from the selling and the giant buy backs. lower interest rates bring out the buyers of the bond market equivalent stocks. you will see clorox or kimberly clark rally on days like today. people look at these as dividend paying consumer packaged goods plays. they are fixed income stocks, too. that's what they say. funny, isn't it? kimberly clark was hated after reporting a bad quarter. we talked about it.
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solid yield. stock is trading well above where it was when the ceo came on last week, said everything was fine. it's well above where it was trading the day before it supposedly disappointed in earn ings. went out on an all-time high. the industrials rallied because all for one and one for all as 3m announced a nice sized dividend boost and a buyback moving the stock up $4.65 at the same time that eaton with a high 4.2% yield roared more than 7% higher. why? it simply didn't do as badly as people expected. remember, both the consumer packaged goods company and the industrials are huge beneficiaries of a decline in the dollar against any major currency. it is worth note ing with today's run in the euro the exchange rate is almost back to where it was exactly one year ago. i wish you could say it of the other currencies out there.
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rise isle golden around here. technology, another bad day for facebook, amazon and netflix and alphabet formerly known as google which has given up all its gains and then some. like i said yesterday you have to be willing to buy a high quality growth stock like alphabet into weakness. in the end, today was a day when the stock market was led not just by rising oil but by the hope that the bedraggled oil companies will get to li another day. let's say we are still in crazy town but at least it's a better, more rational part of the neighborhood. let's go to mark in nevada. >> caller: wish i was there at the game with you sunday. with all the negativity in the retail sector and the multiple store closings i don't own these two stocks but what is your
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>> i like to do what the great peter lynch taught me. if you don't shop there, you don't own the stocks. i have done shopping at jcpenney. it's okay. i don't shop at sears. i can't recommend the stocks. debbie in florida, please. debbie. >> caller: hi, jim. quick question. i have invest ed in disney stock for 20-plus years. i have really enjoyed the performance. i'm excited about the disney company in the future. what are your thoughts? disney is a company that a lot of people said, now, wait a second. it can't continue to raise prices. that drives things. short-term we have hiccups. i don't know if espn will sign up as many. i own the shares and work for them. great theme parks. i don't know if disney can stack up at this moment. to bet against disney, let's call that a real stupid bet. i would be a buyer, not a seller. let's give credit where credit is due.
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don't get me wrong. we are not out of crazy town yet. tonight, a monster line-up from cnbc one market. sales force.com, intel, paypal, fitbit. i have the sneak peek at the tech today. first the king of the cloud sales force and intel's ceo on what they are doing to move beyond the pc. stick with cramer. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter. have a question? tweet cramer, #madtweets. send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com.
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we have to focus on the customer. this is the time, more than ever before, the customers need us. this is the time for cloud computing. this is our moment. >> the undisputed king of the cloud has been on the rise since. but now that the stands at the top of the lead, can the company keep its crown? >> while we're out here in san
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to take a closer look at what's happening at salesforce.com, crm. the enterprise software is a service company that i like to think of as the king of the clouds. last time it reported was in november. it blew away the numbers. since then the stock which has been one of the greatest performers of all time it's fallen out of favor near the 52-week low as the market turned against so-called highly valued stocks even with an amazing story. the company doesn't report its next quarter until three weeks from now. but earlier today, we got a chance to talk with the visionary founder, chairman, ceo of salesforce about the broader state of the business. take a look. yesterday i watched a report that was glowing and loving. it turned out to be someone from accenture. 25,000 people using this. very rarely do you see that kind of endorsement. what is this product doing people can say i wish i had it earlier? >> these are two of our dreams
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advancement at salesforce.com. one of course is that accenture is not just a great partner of ours and helping us to put the cloud into every great company in the world, but it is now using salesforce to run accenture. we have the first 25,000 users running which is exciting. they said they have never had a more successful implementation of technology at accenture and what that means is there is a lot more users coming. i'm excited about that. what made it possible and what you are indicating is a brand new product we have called lightning. lightning is the next generation of salesforce's platform that runs on phones and tablets and wearables as well as laptops and desktops. there is nothing like lightning at any other company in the world. accenture proved that and said now they can go faster than ever implementing technology projects. >> i started with a project because we are always trying to figure out how you got from $1 billion to $2 billion and $3 billion.
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some other products that were good in order to bring out products that were great. i would listen to the full video. it made me think the progression toward $10 billion is on track. >> well, the key to growth and the key to hitting these extraordinary numbers, and no one has grown as fast as we have at enterprise software is two things. one is extraordinary customer success. that is the accenture example and so many other examples, as well, in companies you know. it could be mattel, it could be general electric. it could be many companies who have had extraordinary successful sales force. companies all over the world. two, incredible innovation. we are on the verge of our 50th major release of technology. 50 releases in 17 years. every year we have through a great level of discipline delivered three new versions of salesforce with more than 150 new features every single year.
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that rate of innovation. you put those two things together and, bam, you get extraordinary growth. >> i always try to get people at home to understand, whether it be accenture, or maybe mine read. i sat down with mattel people when the stock was at 24. there are many different parts of the journey. this was them, not you talking. listening to consumers he and what they were saying in a digital way and the stock is now up 8 bucks and they credit being in touch with the customers. salesforce is what got them in touch. >> what a great story, mattel. it used to be with mattel 245u8d buy fisher price for your toddler and when you get ready to go to barbie, they wouldn't know that you were a fisher price customer. the reality is that you're the same customer, you're on a journey with mattel. you're on a journey start, your child.
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grows, you're on an incredible adventure. there's many different parts of that journey. that's true for every company. >> barbie had been doing badly. and it turned and they were trying to figure out why the heck it turned. >> i think we're at the beginning of the barbie story. we haven't really got yesterday yet to the connected barbie. where you have the one-on-one experience and with the parent is managing the relationship. but it's one-on-one with the child and mattel can build and develop journeys for the child as well as for the parents and have an interactive relationship with the customer. this is a metaphor for every company. >> right. >> every company wants to connect with their customer in a new way. if they are not doing that, then i can assure you they are not going to hit their growth targets. that's what we are in now, the age of the customer. you have to reconceptualize how you connect with your customer. when you look at the connected barbie or connected hot wheels or whatever you do, you've got to think about how you are
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relationship and what is the different journeys that your customer is going to be on with you? it could be a renewal journey, a retention journey, it could be a on boarding journey. this is going to be the difference between companies that are successful in the age of the company and companies that fail. >> okay. we also have to balance that. we have been involved with your stock saying positive things about it. with the things you are in a full day meeting. new fellow, the c.o.o. >> keith block, our new c.o.o. really excited. >> enjoy him. and certainly jpmorgan report comes out, unconfirm speculation from a questionable source, likely irrelevant or inaccurate about a customer loss. how do you deal with the fact the you have a stock out there and maybe a customer has lost, maybe not. versus doing lightning. >> the thing i have been shocked at as a public company c.o.o. doing it now for 11 years, when i look at that, i will see an
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customer. that's where i was like, wow. even if we lost a customer, no customer represents more than half a percent of revenue. we have a very deep revenue portfolio . we have a very balanced portfolio. we've talked about that on the show. it's powerful. the key for salesforce is we are a company that has seen it all, been through it all now. we have lived through two big recessions in 2001 and 2008. as ceo i have had to guide the company through it as we get ready for the next set of turbulence coming up this year and next year. we are prepared. we're ready for it. >> at the same time i know you you take things because you're trying to be a good citizen. you can use percentage of money away. you had a recent meeting with the president. >> we have a good friend of ours, marc beniof of salesforce.com which is consistently shown as one of the companies people most like to
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part of the reason is that marc understands that his company thrives when he is drawing from the entire pool of talent out there. >> equal pay. these things matter for everybody, stakeholders, not just for the women involved. >> thank you for the opportunity to talk about that. salesforce has been built, like every company, on core values. we have talked about these before. trust because nothing is more important than the trust of every single customer. two, of course, growth. because if you're not growing in the tech industry, you're going to have a problem. three, innovation. like 50 releases of innovation. and fourth, equality. we are about equality. the business of business is to improve the state of the world. and that business can be this incredible platform for change. that means many things. it means pay equality for women. that's why we were at the white house last week. we strongly believe that women
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jim, i'll tell you what. you know this, but companies have spent billions of dollars, billions of dollars on human resource management systems. you have ceos on your show all the time. >> i do. >> with the push of a button, every ceo can know if they are paying women the same as men but a lot of ceos are afraid to push the button. i know i was afraid. when it pushed it it said i was paying women $3 million less than men and we had to make the change. it's not just about women. it's about making sure there is equality when it comes to protecting the rights of lgbt like we are doing in indiana. we are still fighting that fight. it's about making sure the company is supporting the communities we serve. that's our 1-1-1 model with 1% of equity, 1% of profit and 1% of employee time in community service. a hundred million in grants. we run 25,000 nonprofits and ngos for free on our services.
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to our pledged 1% programs, more than 500 companies have now adopted 1-1-1. >> that challenge out there, i think that matters. niof, founder, chairman and ceo of salesforce.com. stay with cramer. more fashionable. the company that started simply counting steps has evolved with the brand new fitbit ulta. is the innovative new wearable enough to motivate this stock to get off the couch as it trades below its ipo price. coming up on "mad money's" invest in america, countdown to kickoff. check this out, bro. i switched to geico and got more. more savings on car insurance? yeah bro-fessor, and more. like renters insurance. more ways to save. nice, bro-tato chip. that's not all, bro-tein shake. geico has motorcycle
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>> announcer: when it comes to tech, intel is in the hall of fame. the focus on mobile technology threatens to rust out its bronze bust. will big bets on the internet of things result in the rebirth of a legend? >> at what point does a stock like intel which is the largest semi conductor manufacturer become too cheap to ignore. they reported a solid quarter. the stock has been put through the meat grinder to the point it's trading at just 12 times earn ings. intel is tied to the personal computer and pc is in decline but the company is transitioning to the data center, the internet of things. you have to appreciate the
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transforms itself. let's have a talk with the ceo of intel. welcome back. >> great to be here. >> brian, let's get to it. i think of intel obviously as a pc company but then i look at the x-games and i think you are the digitzation of sport and how can you be in both? >> it's pretty simple. we still have largely a pc company. pc is still important to our company. if you look out at the end of the decade the data centers will continue to grow and grow. the data center should be about the same size as pc. both $30 billion businesses. the data centers are a very good business for us. the way we think of it is that data center is fed by the digitzation of the life around us.
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that's why we are in all of these. and in the data center. really feeding on each other. >> what do you mean when you say it is a new way to watch sports? the super bowl is coming up. i know you were at the x games. >> what we did is really all of this in sports is about putting data on everything you do and really making it digital. there we put devices on the snowboards. as the skiers went through their tricks and the big jumps we could get height, the number of rotations, speed and the g-force they landed with. what was amazing is you have heard that was a soft landing. that was a hard landing. now we can put data behind it. what's different is it's real time coming right up on the screen while you watch the event. really changes the event and that's exciting. >> give me where it fits in. there is a virtuous circle until there.
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thinking two years from now what the stock will be driven by is pure data center. i know that would not be accurate. >> you're right. if you take a look at it today, you know, we are about 60% of our revenues outside now. >> much different from three years ago. >> you can see three years ago we went from the 40s. now up close to 60%. you see it moving. that's the data center, devices. >> internet of things, right. >> they are feeding on each other. when i think of intel it's like a twole cylinder engine. you have to have a pc, it'sle still going to be there. we use them in our businesses and work and the data centers. those are the big engines that fuel. the other areas like fpga, iot, the internet of things devices
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that feed those. >> let's talk about the programmables. on the conference call i was surprised in the narrative that altera wasn't stressed. a competitor said cycles are bottoming. i felt like i had more enthusiasm for the acquisition than you guys. you are very understanding, never brag. where are they moving the needle? >> you're right. part of it was during the fourth quarter it was a separate independent company. i'm not allowed to comment on their results. from now on you will hear us talk about it. it's about new products. three things i'm excited about with alterra. as we exit the year we should start sampling and shipping the next field programmable product. >> right. >> we are starting to sample this quarter, our first
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on. >> two different -- the two. >> so the pga and our server chip together, same package in a data center networking device. you can have multiple speed-up of the data output. as we exit the year you have iot devices, things for driving and automotive. those devices. >> pc was a major focus on the conference call. it is declining. some people think 5%. some think 10%. it's lucrative for you. will that stay lucrative or will there be a step function where we say it's going so much the whole plan is in disarray? >> we believe that when we think about it, it's a margin and you think the margin dollars that will be generated by the piece, we can continue to hold those margin dollars.
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we are bringing to the pc. the number of units may be going down whether it's low single digits, mid single digits. it's somewhere in the decline. our actual asp and the amount of dollar we are putting into the pc comes from the new six-gen core, a new data transmission process. all of the new innovations. >> people are worried about the average sale price going down. if it doesn't, i don't care that there are fewer units. i know it will help your operating cash flow which means perhaps it's up to the board. just makes the stock cheaper. that's classic. >> it is. this is our game plan. to continue to innovate in pcs. yes, units go down. what you get and the reason you're buying. >> i like situations where you are paid to wait.
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the past. >> in a difficult environment where we know the stock market can become incredibly hostile in companies are proving they can be counted on. you should be prepared to buy stocks next time we get hit with market-wide sell-offs like yesterday. i'm talking about paypal. the mobile payments play that saw stocks soar last week in the wake of a terrific quarter. that made me feel good. it's a huge position for my charitable trust which you can follow along at action owners plus.com. i bet it has more room to run. on thes west coast here we got a chance to dig deeper with the ceo of paypal. welcome back to "mad money." >> thank you, jim. great to be here. >> you had big goals and people said you're a stretched goal. every single line you beat them. acceleration of growth here? >> i think so.
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it. more people shopped online than in stores for the holidays. that's incredible. at the same time, we had a record quarter in the fourth for adding net new addition. we put on 6.6 million new subscribers. our transactions per subscriber is going up because the customer experience is getting better. combine those and i think we have a lot of room for growth left. >> we know you happen to be in a world with some of the most vicious competitors, not the people that are vicious but it seems from your number and presentation that everybody can get online and you are taking share from pretty much everybody. >> if you look at our volumele growth now overall we grow our volume 27% last year.
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growth was 36%. that's almost double the share of the e-commerce or the growth of e-commerce. it's gaining share. what's happening now is there is a proliferation of pay. you have android, samsung pay, walmart pay and chase pay. it's becoming confusing for the consumer. some pays work in some stores but not others. some work on certain devices and not other guises. some work online, not off line. in a fragmented market, people turn to brands they can trust. we have over -- almost 180 million people using our platform worldwide now. you're seeing just an acceleration of people signing up for paypal. >> you made a statement about how cheap the stock is. something people were surprised about. >> we did announce a $2 billion -- >> a percentage of the company.
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have not only in the inherent future of digital and mobile payments but increasingly i'm convinced we are executing quite well on our road map, our game plan and value proposition in getting stronger vis-a-vis the competition. weal felt that announcement which showed that we believe very much in the intrinsic value of our stock. >> i had kind of a make the things happen at ale holiday party for "squawk box." kayla is one of our anchors and she goes, listen, i'll just venmo the money. i said i don't have one. she said, i don't have a checking account. how many people don't have checking accounts and do have ve nmo and where is it with paypal?
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it is a verb now. for the under 30 generation, it is the way they manage and move money. you saw in the fourth quarter results we did 2.5 billion dollars of volume on venmo in the quarter alone. it was up year over year 170%. we are adding more and more services to it. it used to be predominantly peer to peer. you would split bills, pay the rent. now what we are doing is opening it up so venmo users can shop at online merchants using venmo. we started that in the first quarter. we'll roll it out more aggressively. that's a tremendous opportunity for venmo users to get more value. importantly for paypal it is a way to start to monetize that venmo asset we have.
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about the zoom. i think we should do that. it's international and also friends and family, not just commercial. >> it's a beautiful company. it fits into our vision. how do we democratize money? how do we use technology to bring in the billions of people who are outside the financial system who find simple transactions, billions who find simple transactions expensive and time consuming. one of the most important of those transactions is an international remittance where you have somebody in this country trying to send money to a loved one overseas. typically that's expensive and time consuming. zoom is faster and in almost every case, les expensive. >> now the super bowl. you have an ad that's a big deal. costs a lot of money.
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and for visibility? >> we're really excited about being on the world stage. we have a 45-second ad. >> long! that's long. >> unusual format. it will be in the first quarter as well el which is great. basically it's a celebration of how technology can change the way people manage and move money. how we can inclusive. you know, in many ways the financial system caters more to the affluent, not to the everyday person. this is a celebration about how new money can be inclusive for everybody. >> it's softer. we'll see paypal's name but it's a broader ethos. >> it's inclusive to the world. it's a brand statement for us. it's a declaration of who we want to be in the future. >> just by being in the first
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okay. that's dan sculman, ceo of paypal, and a large position in my charitable trust. "mad money" is back after the break. pump up your look plumpify your lashes with new plumpify mascara boosts lashes to 50 times the volume and lifts lashes up up and away... new plumpify mascara from easy breezy beautiful covergirl r and try new trunaked shadows and liners a heart attack doesn't care if you run everyday, or if you're young or old. no matter who you are a heart attack can happen without warning. if you've had a heart attack, a bayer aspirin regimen can help prevent another one. be sure to talk to your doctor before you begin an aspirin regimen. bayer aspirin. that's a lot of dishes& no problem. i'll use a lot of detergent.
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it is time. it is time for the lightning round. you say the name of the stock. i don't know the calls or the name of the stock ahead of time. i tell you whether to buy or sell. when you hear this sound -- [ buzzer ] -- then the lightning round is over. are you ready, skee-daddy? time for the lightning round on cramer's "mad money." i'm going to start with ralph in california. ralph. >> caller: hey, jim.
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cisco. bought it for 30. i plan to hold it forever. i fear it's over valued. do i sell now and move on? >> that's not a bad call. take a little off the table because of the spike. it was an okay quarter. not that great. paul in connecticut. paul. >> caller: jimmy. should i buy more, hold or sell on mckesson. >> very controversial now. i would rather see you in mccormick. ned in virginia. ned. >> caller: jim, it is an honor that you took my call. could you tell me what you think of duke energy? >> i think duke energy goes higher. people want yield. plus 4%. the yield is safe. can we say earlier in the week we spoke to dominion, tom farrell. that stock is well off the 4% yield. i prefer that one.
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curt. >> caller: hey, jim. how you doing? >> good. >> caller: the stock is alxn. what's your opinion on it? >> i thought alxn would get a take over bid. the fund mentals aren't good, but it is not a titan. tennessee titan, super bowl week. although they are certainly not in it. i have to tell you, when it's down as much i'm not going to alexion. selljean is bet. rick in pennsylvania. rick. >> caller: hello. i would like to know about jenerac holdings incorporated. >> it's one of the stocks when you have a giant storm people get excited about it. even when there is not a giant
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if you can hold it. you have to hold it, yes, indeed through another storm. tim in missouri, tim. >> caller: tom. hi, jim. >> i'm sorry, tom. my bad. tom. >> caller: yes. how about your thoughts on long-term hold on farrell gas partners. >> when i see the yield in double digits i say we have to stay away. that's a red flag. understand from rusty brazil, that's one of the weak holds. not that particular stock but the fuel in the u.s. situation right now. joe in new york. joe. >> caller: hey, jim. just want to give you a big boo-yah. want to talk about bt. buy, sell, hold? >> i'm not recommending any fossil fuel stocks. the company seems committed to
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they can but the stocks are too hard. i have so many great stocks at lows i don't need to reach into a company with a disappointing quarter. there is no way we can say it any other way to describe the bp quarter. that, ladies and gentlemen, is the conclusion of the lightning round. >> announcer: the lightning round is sponsored by td ameritrade. olay regenerist renews from within... plumping surface cells for a dramatic transformation without the need for fillers. your concert tee might show your age...your skin never will. olay regenerist. olay. ageless. and try regenerist micro-sculpting eyeswirl. it instantly hydrates to plump and lift. enough pressure in here for ya? i'm gonna take mucinex sinus-max. too late, we're about to take off. these dissolve fast. they're new liquid gels.
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can fit bit the maker of wear able fitness that had a bang last year before the stock plunged from 51 to 16 and change as of today finally see the stock turn? remember, fitbit reported two very strong quarters since the ipo. that doesn't matter at all to
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do they have it wrong? are they looking at stories the wrong pay perhaps? we checked in with the cofounder, chairman and ceo of fitbit. take a look. i have been telling people that if you like the company you should like the stock. but you're not building a stock. you're building a company and there is a difference. >> totally. every day myself and employees at fitbit are excited to build amazing product that is help people get healthier. that mission drives us every day. it's been a fun ride over the last nine years. >> when you say health it's interesting. some people think the company is a device company like fossil. you have fashion but that's only part of the story and maybe a small part. >> absolutely. it has to start with the device. the devices we create, people have to love to wear them.
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the magic is in the software. two thirds are software or hardware engineers. they have to work well to create a magical product. >> you have enough empirical evidence. we have had an impact on diabetes. an impact on cholesterol, heart disease. that seems to be a bigger corporate motivation for why companies buy fit bit. >> we have a great customer in indiana university health. their employees, 60% of their employees who have diabetes have seen lowered a1c levels after using fitbits in their program. examples like that are really incredible. over 70 of the fortune 500 deployed fitbit to employees. >> that's a huge number. i'm sure you spend as much time working with corporations as you
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retailers want. >> corporate wellness is a big part of what we do. corporations are looking for digital tools to help employees become more productive, higher morale. the corporations want to lower their health care costs so this fits into the long term strategy. >> i don't want to sound like a commercial but my daughter loves the surge. my wife wears you inside. i will tell you, she wears it on her. >> we have the ulta, a super slim attractive fitness and health tracking device. i call it the most fashionable device yet. again, big part of really capturing the health benefit of the wearable devices and making sure people are excited to wear them every day. and how do you make people excited every day to make it fashionable and fit into their lifestyle.
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saves. >> we get reports all the time. there was one girl in the uk who was wearing one of the heart rate tracking products. while it's not a medical device she noticed her heart rate was incredibly high. she went to the doctor and saw her heart was enlarged. we see stories like that every day. these devices are saving people's lives. >> now target, we mentioned it before. now there's been enough time. the feedback on target. do they want more different features? they are trying to make it so there is less absenteeism. that costs sales. >> they are interested in increased productivity. actually improved health as well. continuing dialogue with target and other large corporations. bp has renewed with us for over three years. they have made our devices available to over 45,000 of their employees. this is a huge trend in
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not just corporations. big traction with insurance companies as well. two of the large -- >> lower rates. >> possibly lower rates. two of the largest health insurance companies in the u.s. have made fitbit the preferred device in their programs. these insurance companies cover over 130 million lives. this is a pretty big deal. >> that would be something i don't think another device could say, forget that thing. >> we are a proven leader in the field. these insurance companies do a lot of thorough evaluations. in the programs we have run with them, the results speak for themselves. i think in one of the programs, 73 of the participants actually had measurably improved results. >> transferring to the public market, looking at the numbers it didn't seem everybody who was a big owner was a seller.
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investors in the company for a long time. they are believers in the long-term story. i think they are long-term holders. >> from the stock standpoint if you had to do it again would you say it's a med call device? >> we have an incredible consumer device with powerful health and fitness data and trends. you need that combination. people need to be excited to wear these devices. >> maybe we'll leave it at that. that's the best way to put it. james park, ceo and cofounder of fitbit. something that i know my wife and my kids think is great for their health. stay with cramer. we were below the 88th southern parallel. we had traveled for over 850 miles. my men driven nearly mad from starvation and frostbite. today we make history. >>bienvenidos! welcome to the south pole! if you're dora the explorer, you explore. it's what you do. >>what took you so long? if you want to save
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we get another all-star line-up tomorrow. wells fargo, greg creed from yum, rob gronkowski and benno doerer from clorox. don't get too cocky. the market will be led by a big reserver sal in oil. we are still partly in crazy
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that's not how we want the
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