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tv   Mad Money  CNBC  August 24, 2021 6:00pm-7:01pm EDT

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>> a great story behind that i know, mel, you're a huge rolling stonesare. i put him in the parthenon halliburton. >> all right thank you all for watching "fast money. see you back here tomorrow at 5:00 do not go anywhere "mad money" starts right now 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 other people want to make friends. i'm just trying to save you money. my job isn't just to entertain but to educate and teach you call me at 1-800-743-cnbc. or tweet me @jimcramer
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whatever happened to the death star, the old nickname for amazon back when it seemed like an unstoppable super weapon? i still love amazon. prime is a great value amazon web service, dominant cloud infrastructure the death star -- not after this quarter. on a solid day when the dow gained 31 points, nasdaq climbed 1.25% to close above 15,000, i can tell you this quarter will go down as the quarter where brick and mortar struck back and the death star, the death star is no more in retrospect, maybe not the most intimidating nickname given that death star does get blown up at the end of the movie it started with mass vaccinations when we realized that cva, a leader in the
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processing, wasn't going anywhere, wasn't rolling over, despite how the stock was constantly getting kicked to the curb, every time there was a story about amazon being -- i don't know where you got your shots, assuming if you got them at all if you went to the local cvs, you might have seen more of a minute clinic in the store meanwhile, we've learned about you and your behavior. people don't like getting their medicine by the mail amazon has been trying to up end the pharmacy industry for ages we've discovered there's a lot more to it when starting acquired shipt, if you look at the calls, the same day delivery service, we knew they meant business. these days target has the best
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buy online and pick up in store. i think it's the best one. ceo brian cornell explained, we added numbered parking lots so we can find your black suv among the 12 suvs. i like that. he allows you to figure out what it looks like. they have a target app that lets the customer avoid the promo fomo, the fear of missing out on best deals the local target in brooklyn contributes to school uniforms walmart made major moves, including the go local delivery service which will serve other businesses, other businesses that rival doordash, maybe an olive branch to stores worried about being crushed by amazon or walmart. i think walmart -- i like it enough that you can fol -- we
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have a very big club i think the walmart plus offering where you get unlimited free delivery is gaining some traction the company started selling private label insulin at 58 to 75% discount to the cash price that's a stunningly great idea they've done a terrific job with the vaccine rollout. if i were running the company, i'd use walmart plus to get people the best deals on drug prices like good rx does that's a fabulous way to bring business into the store, but a great way to sign up people for walmart plus they can use walmart's tremendous buying clout. i want to do that so bad i put ideas out there. let's see if they're adopted if there was any doubt about the end of amazon's death star status werks have to talk about best buy that put it to bet this is the most miraculous story in retail. the stock jumped more than 8%
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today, not just because best buy offers the strongest customer service in electronics, but they introduced a brilliant new service, at-home tech support that's as good as what you get at the office, maybe better. as recently as april, most of us thought america would go all in on vaccinations. the idea that we still need at-home tech support may seem ludicrous. as ludicrous as the ideas that companies would have to keep shelling out for cybersecurity to protect the home offices. amazon is on the cusp of a blowout quarter. palo alto rallied almost 20% perhaps the most impressive is what best buy has got going. that's the total tech membership program. as ceo corey barry described it, unli unlimited geek squad support in your home no matter where and
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when you purchase it including 24-hour phone and chat teams free delivery for in store purchases, standard installation, free shipping for online orders. you get it this is really good. best buy's total tech program has exceeded expectations. it was called beta now it's total it's easy to see why think about this you probably have an i.t. department to help you at work in the central office, but what do you have at home? nothing to speak of, right what if zoom goes down what are you going to do, which is a problem because so many people work from home. best buy has been placing corporate tech support for remote workers when you're on that zoom call, you're going to be calling the geek squad and it won't cost anything other than the membership the people who join are going to buy their electronics from best buy, not amazon. i can remember when we used to
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joke that best buy was merely a showroom for amazon. now they turned the tables, and it is working. look for multiple upgrades perhaps as soon as tomorrow. then there are the companies that always had the jump on amazon the one you have to think about there is costco, which offers what it calls extreme value, meaning the best price per given quantity and quality of an item. they have some of the lowest markups in the industry. costco -- we basically gave them our -- you can't beat the fact that you can get a 40-case of kirkland water bottles for a little more than three bucks how can they do that a hot tip. by the way, you can get a bottle of water for a quarter when you walk through the door? have you ever noticed the people working at costco are the same they have the least turnover than any retailer, not just
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because they have the best pay and benefits people like working there. don't worry, my folks did it i'm not making fun that means costco's customers get the highest quality service in retail. let's not forget the private label brands i think are superior as the nationally branded styles until this quarter i figured with the exception of walmart and costco, amazon can runny of these companies near the ground whenever they felt like it the former death star is messing around with brick and mortar to find out what its competitors already know if amazon needs physical drop-offs, they should give up on the whole foods and buy kohl's where they have pre-existing return drop relationship you know they don't do as good a job as whole foods bottom line, amazon's death star
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days, they're done their brick and mortar retailers have their force fields and beaming the projectiles right back at the retailer how about mark in florida. mark >> hi, jim thanks for the excellent insight you so generously share and the recommendation of documents i'mity. >> what a company that is. a bunch of my doctors told me to recommend that, and they did it without me knowing, happens to be one of them right here. the issue with doximity. not everybody knows about it as they do, it will get bigger and bigger >> my question concerns a stock i bought at $59. since then it steadily declined and a large recall hit it further, although there was a bit of a bounce today. what do you suggest i do with my holdings in general motors >> i think you can hold general
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motors i think you can byford by the way, ford represents superior value, up 35 cents today. i think ford is going to be a monster stock, monster antonio in michigan. >> hey, jim. you've talked about the stock a few times. i believe the last time was back in may since then the stock has gone down quite a bit, and i was wondering with the recent accusations, curious if you're still in on pay save. >> it's like a lot of the other spacs, it's just a disaster. down 42% frankly i wish i never heard the word spac. is it a word anyway, the days of amazon being the retail death star, i'm pronouncing them over. brick and mortar striking back, companies like ceo, target, walmart, best buy and costco are
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giving amazon a real run for its money. dan berry resources las undergone a complete transformation can the company focused on being the leader of carbon capture continue to capture the attention of wall street let's talk to the ceo. where could bonds be headed next you know how important that is for the stock market i'm going off the stocks pro feen nah is on a mission to help millions of americans suffering from alzheimer's i'm checking in with top brass you're never going to feel the same about this company. stay with cramer don't miss a second of "mad money," follow @jimcramer. send an email to or give us a call at 1-800-743-cnbc miss something
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you know the climate change debate is over when even the oil companies are bending over backwards to reduce their carbon emissions. if you're in the business of burning fossil fuels, it's tough to go green. only so much you can do to offset the damage to the environment. what if we had the technology to solve that problem there's an interesting question. a couple weeks ago we spoke to an energy expert about something called carbon capture and storage. this is tech that traps emissions from oil or gas or even coal so it can't escape into the atmosphere. we've been hearing about carbon capture for decades as the least disruptive way to fight global warming. the technology never delivered or got too expensive
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what's going on now and what's changed? now we have oil companies on the case i wanted to talk about dan berry, independent oil producer with a long history of using carbon dioxide to get crude out of the ground. they ooefr use the expertise to make the big push for carbon capture and storage. the stock up 170% year to date let's take a closer look with chris kendall the president and ceo of dan berry mr. kendall, welcome to "mad money. >> thanks, jim happy to be here. >> it's a joy to have you. i'm going to ask a question, is it possible for an oil company to be carbon negative? >> jim, it absolutely is possible and that's the path that we're on here at denbury in your introduction you talked about putting carbon under ground when we can combine that with
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this business and actually focus on that, putting industrial source co2 permanently under ground, in some ways producing oil through that that has a negative carbon footprint, you can absolutely get there. >> i want people to understand 25% of your carbon dioxide is from industrial use. i've been to guy smart where you've got literally -- carbon dioxide that would be spewed into the environment you're harnessing it in a positive way >> that's right, jim combined on the gulf coast we're taking about a million tons annually of industrial co2, across the company more than 3 million tons annually, all of which would go up into the air, as you mentioned, otherwise. what we're doing with it instead, putting it underground permanently. in our business we're producing oil ultimately much storage is
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going to go into the ground permanently, with or without oil. >> i want people to know, this is not a charity, not some of ecological experiment. you are fundamentally a very large oil company and one of the, if not the most oil versus gas company in an era where we want oil give us a little overview about the oil side before we go back to the carbon capture side >> you bet, jim. about 97, 98% of ourproduction is crude oil just the nature of this business where we focus on enhanced oil recovery enhanced oil recovery is essentially taking carbon dioxide which, when we put it under ground, it acts like a solvent with the oil it will combine with oil that's already in the ground, take more oil out than ever could have been produced in the first place, and we leave the carbon dioxide ultimately under ground. but in doing so, we can produce oil in good quantities like you
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just mentioned. >> you do have one of the largest places to store co2, correct? >> well, that's right. if you think about where co2 is stored today, the primary places for storage of co2 are in underground reservoirs, typically oil and gas reservoirs in the enhanced oil recovery process. just as an example, the reservoirs that we have today, we see the ability to store over 150 million tons of co2 in those very reservoirs over time. >> how about a partner how about someone big? i mentioned exxon. doesn't someone want to tap into at least your expertise if not your pipelines and your dome >> you bet when i think about it, jim, we have a great business here we have over the years built a massive infrastructure in the heart of the gulf coast industrial corridor, and we see that as a great point to do just
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tremendous things with carbon capture on the gulf coast and beyond honestly, we feel good about where we are we have a business that, even though we're relatively small compared to some folks like that, we think we can punch above our weight right now we're focused primarily on doing what we can with the assets that we have, with the great expertise we have as a company that we've developed over more than two decades, to just make this carbon capture business as big as it possibly can be for d denbury. >> you are the role model for the industry there was a prior denbury with a couple billion in debt that's now gone. you are basically one very clean balance sheet growth company that happens to be in the oil business, correct? >> that's right, jim >> look, i just hope other people listen to your story and stop saying there's nothing we can do, we're carbon
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you have proven far from that. we can put that co2 in places. we don't have to see it, smell it or feel it, correct >> that's exactly right. it's not well known, butcarbon capture is behind only solar and wind in terms of how much of an impact it can make on carbon emissions. just looking at the iea's recent forecast for what carbon capture can become, whereas today in the whole world we're capturing about 40 million tons of co2 per year, that number needs to grow to five, six or 7 billion tons per year to really be what it can be honestly, jim, when i look at it, i see that possibility we have the ability to massively scale both at denbury and as an entire industry. we don't have to make technological leaps to get there. this is using existing technology, usingexisting skills that a company like denbury has in buckets right here. >> i'm going to be pushing for
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it from now on i'm no longer going to take "sorry, we can't help" for an answer very careful to have chris kendall, president and ceo of denbury. great to see you. >> great to be with you. thank you very much. >> no more excuses, oil companies. you heard what this man had to say. "mad money" is back after the break. coming up, anyone up for treasury hunting the word is bond when cramer goes off the charts on u.s. paper next evacuating afghanistan, how the taliban complicated the president's plans. a shakeup in the hotel business the facts, the news with shepard smith next on cnbc
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for months now the bears haven't been able to shut up about inflation. yeah, the dangers of inflation you've heard it endlessly. the economy is overheating, price increases are out of control so the federal reserve has to slaem on the brakes
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before it's too late the bond market has been painting a picture of a slowdown, something that seems to be coming true. bonds may be boring. remember the bond market is much larger and more important than the stock market stocks tend to take their cue from bonds, not the other way around it matters that u.s. treasuries have seen their yields plummet over the last few years. treasury yields are the best representation of long-term interest rates when they go up, it means investors feel more confident about the future because they're expecting more demand for borrowed money when it goes down, they're expecting less demand for borrowed money four months ago the benchmark ten-year treasury had a 1.6% yield. as of today, that's fallen to below 1.3% i know these are little numbers. let me tell you, that's a gut-wrenching decline. the bond market was right.
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covid was making a comeback courtesy of the delta variant and the millions of americans who will not get their shots, refuse to get their shots, whatever you want to say, the worries about an overheated economy were transitory. now we have to ask ourselves where are bonds headed next and what's that mean for the stock market tonight we're going off the charts with the help of legendary larry williams, an iconic technician who has been trading stocks, futures and commodities since i was a kid. written more than a dozen books. we talk about his indicators all the time since the pandemic got rolling, he's had an unbelievably good track record he called the bottom in april of last year when everyone else was still in panic mode. with that in mind, what does he see for the bond market? let's start with this. take a look at this weekly chart of 30-year u.s. treasuries goin back to 2017 remember, bond prices are the
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opposite of bond yields. when the price goes up, the yield goes down and vice versa he's the master at identifying patterns the seasonal pattern in 30-year treasuries, and that's the blue line he points out for the last several years, treasury bonds have a distinct tendency to start falling in late august and early september. if that pattern holds true, it would mean we're about to see a significant rally in long-term interest rates of course, these seasonal trends are far from perfect that's why williams is always looking for other sources of confirmation of a potential decline. let's take a look. now, this is -- you're looking at a chart of the 30-year u.s. treasury bonds and the seasonal pattern much more pronounced the seasonal pattern of this one is a little different because it's based on the daily action meaning it's more granular williams points out when you
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zoom in, the seasonal pattern shows the bond prices tend to get hammered in the first week of september here we go he thinks that's the week the professional traders will be watching it's the week you should be watching now, like i aid, williams is great at identifying cycles. when you look at the weekly chart going back to 2019, there's something else he spotted. he says this red line is the dominant cycle for treasury bonds in recent years. once again, look at this, it shows. it shows that bond prices could be poised for a major decline, rates going up in the very near future what if you want something more concrete than these photographs? they're really just extrapolation of the bond market's past behavior for that williams like to fall back on the trading commission's weekly trading report. we've talked about this before this is a treasure trove of data about what futures traders are up to broken into three
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categories, small sec laters, large speculators and future hedg hedgers. there are treasury futures, too. there's one pattern williams sees as a terrific sell. when the small speculators are buy buying, while the commercial operator are selling, that's the red line, he says that's your cue to get out, dodge. what makes this a good pattern when talking about futures, the small spectators are likely to know the least, while the others know the most of what's going on williams wants to bet on the businesses that know what they're doing. notice what we're using, williams cot that's not coincidence when the green line goes up, small speculators are getting
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bullish. when the red line goes down, the commercial hedgers are getting bearish. what happens now we're seeing this precise pattern in 30-year treasuries future the small spectators got bullish, while commercial hedgers have been dumping them left and right in a situation like this, somebody has to be wrong according to williams, it's usually not the commercials. who do you think has a better understanding of the bond market the public or the plutocrats my money is aums on the pollute kratz. another way to look at it, check out the daily chart. the blue line shows the on-balance volume. one thing i love about larry, he's a teacher i've got to teach his teachings. this measures volume flow, subtracting the volume on down days it lets you know when a move is telling the truth. if something rallies but there's no followthrough from the on
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balance follow line, it tells williams that rally will likely be short lived when you look at the rally in the treasuries early this summer, the on balance volume stayed flat. for williams that's still another sign that these levels with likely prove to be ephemeral, flat, up, don't trust it put it altogether and he thinks we could be looking at a big down tick in bond prices so rates going higher you can read that as a sign that the fed needs to state en because inflation is tightening up again or simply a sign there will be less foreign money flowing into our bond market the bottom line, the chart as interpreted by larry williams are that long-term treasury bonds are about to get hammered in the next few weeks. you better believe it will have a negative influence on the stock market which is why i went through these charts
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it often presses rate hikes from the fed. record high after record high after record high, that's the last thing we want to see. let's go to alex in new york >> boo-yah, jim. alex from long island. >> good to have you on the show. >> big fan, jim. i'm looking to get your opinion on crown castle and how the new infrastructure bill might help the stock? >> candidly, we have a big position for the travel trust. you can follow along, i've got a very big conference call tomorrow, but we did sell some the reason we sold some is because it's been flying high and we don't want to get burned. i can't tell you -- down barely today. i can't tell you i'm as excited as i was at 160, 170 the infrastructure bill matters somewhat to them, but not that much still in position, but not as happy with it. let's go to daniel in new jersey daniel >> boo-yah, jim. thank you for everything that you do for us.
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>> oh, thank you >> sir, i was calling about dici properties turning at $ -- >> it came public at 15. i put the guy on i couldn't believe it could be so cheap i told everybody to buy it nobody listened to me i thought. i looked up one day and the stock had gone to 33, now pulled back to 29 it's got a 5% yield. the charts suggest we could be looking at a big downtick in bond prices, translating into a rally. this action could ultimately have negative consequences for your portfolio much more "mad money" ahead including my exclusive with profina. i've got the exclusive with the ceo. you are not going to want to miss that. that stock could be a real gem if covid cases continue to rise across the country, i'll reveal the two cohorts of people i
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believe have the ability to step in and stop the madness. stay with cramer next, evacuating afghanistan, how the taliban just complicated the president's plans. plus a shakeup in the hotel industry, the pay-as-you, go idea the news with shepard smith next on cnbc. protect your pet this flea and tick season with chewy. find everything from flea collars and sprays, to prescriptions that keep pests away. chewy has what you need to keep tails wagging and pets itch free all season long. shop pet prescriptions and more at today.
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over the summer the fda came under fire for approving biogen's alzheimer's drug outside the opinion of their advisory panel i'm not going to relitigate that decision the fda has lowered the bar for every other company that's working on an alzheimer's treatment, and they have a lot of people looking at it. companies like profina, developing amyloid doses and
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neuro degenerative diseases including, yes, alzheimer's. if the treatment works out, this stock could have a run, but don't take it from me. let's check in about this terrible topic and what this company is doing, dr. gene kenny, president and ceo of prothena welcome to "mad money." >> thanks for having us, jim >> thank you, doctor you're still a development stage company, spun off elon can you walk us through your area of expertise, trying to explain miss folded proteins that have aggregated to form diseases in our own brain. >> that's exactly right. what we focus on is diseases caused by misfolded proteins cells in your body have to fold in a certain shape to do
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whatever it is they're meant to do, their normal function. on occasion they misfold in an inappropriate way. when those aren't disposed of, they can accumulate in organs. in peripheral amyloid disease they can deposit in the heart which is a dire situation for a number of individuals. in the central nervous system, when we talk about diseases like alzheimer's disease and parkinson's it's an accumulation in the brain or nerve cells in the disease. what we focus on is how to intervene when those protein go awry, we can neutralize the toxicity caused by that misfolding event. >> you're much further along than people realize. can you give us your time frame? i understand you're well capitalized. people listening don't necessarily need to think over that time frame you're going to have to raise capital. >> we have a fulsome portfolio
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it takes us to the peripheral amyloid disease space as well as central nervous diseases in the peripheral space we have a drug in phase three, a disease known as al amyloidosis. it can lead up to and including mortality. we worked closely with the fda and developed a phase three protocol under a protocol assessment agreement with the fda. that molecule is moving forward. continuing to move forward other programs as well we have a program in parkinson's disease with our partners at roche which has moved into a phase 2b study a molecule moving from phase one to phase two in another peripheral amyloid for at&tr amyloidosi and our alzheimer's portfolio which is a one-two-three punch
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we have three different legs that we think are very important. the first of the molecules has begun clinical trials in partnership with bristol-myers sq squibb >> let's talk about the wholly owned first. i'm looking at a document from ekr 1 capital, a very smart man who has done a lot of investing. he's comparing what biogen has, also what lily has he mentions he feels that p prothena might have a ten times more potent version of biogen's drugs that might be ready next year do you think it's possible yours could be ten times more potent >> in the experimentmental
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studies we've shown to date, when we look at the interaction with the protein these type of potential therapies interact with, the protein's name is amyloid beta, it is, in fact, over ten times more potent in terms of interacting with that protein. we think that's very important at the end of the day, what we need to deliver to patients is that benefit that benefit needs to be a better profile in terms of convenience and efficacy ultimately it needs to expand beyond the patient for caregivers, society as a whole as you know, jim, this is a terrible disease, the societal costs are enormous what we're looking to do with molecules like prx 12 as well as the rest of the alzheimer's portfolio, is contribute to a solution, bring costs out of the system that's how we think about it every day as we wake up and go o work. >> given what i've seen of the stock of bill li and biogen, and you're not as promotional as the people from biogen, i find it
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difficult to think if you've got something really great that a bristol or a rush or a pfizer or merck which have these big product holes in the portfolio, that it will be difficult to stay independent if this phase three works, if the stock stays at this low price. >> so obviously we don't get up every day and think about that component. what we think about is how to bring these therapies forward, think about how to translate our science, demonstrate the value and the benefit of our science to patients. that's what we're focused on i will say that, as you pointed out, we enjoy collaborations within our portfolio because we have a fulsome r&d portfolio, it allows us to be strategic in terms of having great collaborations you mentioned the names of some of those wonderful collaborators, bristol-myers squibb, roche. of course, having that capital structure also allows us to
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maintain wholly assets where we think we can expedite -- we have the expertise to expedite those molecules to patients and deliver those to patients on as expedited a path as is warranted. >> i'm very glad that you're not highly promotional, because i don't want to give false hopes to the many people who are suffering or parents of others who are suffering. i have to wish you the best of luck, sir. so far i think you are -- you've got something that may be better than what is the current fda formulation with biogen. i hope you can pull it off it will be really grade news thank you so much for coming on to "mad money." >> thank you for having us. >> that's dr. gene kinney president and ceo of prothena. non-pro non-promotional, and i like that with drugs that people tell me are very strong. you know the implications. "mad money" is back. >> announcer: just chill out
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the lightning round is coming up when "mad money" returns are very strong.
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- i didn't realize you have to have a prescription drug plan with medicare. i didn't know to shop around. i just picked one. every time i went to my pharmacy, copay was different. and i'd ask them, "why is it different? you know, you didn't charge me this much last time." no one could ever answer me. but now with goodrx you can look on your phone
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and it'll tell you exactly how much it's going to be. and when i get to the pharmacy they charge me exactly what it says on that app. and it's so much cheaper than that prescription drug plan. it's all about saving money with me. i like watching my dollars. >> announcer: lightning round is sponsored by td ameritrade [ bell ringing ] >> 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 howard in texas. >> hey, jim, boo-yah i'm looking at joby aviation >> no. let it go. i don't see a lot going there.
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i just don't let'sgo to sebastian in new york >> what's up, jim. how are you doing, my brother? >> i'm doing well. how about you, sebastian. >> i'm calling about mmt. >> small canadian company. >> this is like a little cancer company. this is one where i really question the long-term approach of them. i don't want to own it tina in california a. >> hello, jim. >> how are you >> i'm great i'm a new cramer fan i love, love, love your show and all your wisdom. >> tell people on twitter that we'll get it going thank you.
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i wanted to know if sticker simple acre -- >> junk bond funds have been falling like stones. i think that these historically, when i've recommended them, have been a mistake i'm not going to recommend that stock. >> tony in washington. >> first-time caller, long-time fan. >> excellent thank you. >> been enjoying all the education and entertainment. >> trying to keep it interesting so people can learn, thank you what have we got >> my question is about willis tellers watson wltw. >> it's a good brokerage company. it's not going to hurt you i don't think it's going to excite you it is profitable and it's doing well let's leave it at that russell in texas
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>> hi there, jim thanks for what you do for us. >> you're quite welcome. >> you're a good man >> you're quite welcome. >> i love your sense of humor. you make me laugh almost every day. >> i've got to get people interested in the topic so they can study and learn. >> that's right. i've been studying and learn on "mad money." appreciate it. i have a stock that was on -- this stock was hot before the pandemic but got hit in march of 2020 it's a specialty chemical company. i've done well since i brought it after march of 2020 what do you think of ngbt. >> i think it's an interesting company. this is the kind of company i like good growth, makes money not sells for an expensive price.
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>> don in nevada >> first, thanks for taking my call the question is about alba marley. >> alba marl is a great company with a very expensive stock and terrific growth. it's more speculative i like at this point it's a very good company and i think it's worth buying. let's go -- no, that's it. that, my friend is the end of the lightning round. the lightning round is sponsored by td ameritrade coming up can the government reenergize a covid effort that's been thwarted at every turn? cramer pulls no punches next
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we're a year and a half into the pandemic and i still can't get over how anyone with an ounce of authority wants to take responsibility for beating this thing, the cdc, fda, nih, the vast majority of businesses president it's like they think it's someone else's problem. we mow the fda waited too long to get final approval.
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this is the same fda that busted a $56,000 alzheimer's treatment from biogen even though there was no thumb's up. not because it was a superior treatment for a terrible disease. think about it we have millions dying of covid around the world, multiple vaccines that work rather than giving the green light, the fda approves an alzheimer's drug that probably doesn't work, at least according to ten of the 11 members of the advisory panelment one of them coined it the worst drug al profl in recent u.s. history the fact that it would convince anti-vaxers is pretty silly. this isn't something the government can fix even through -- well, except through
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coercion you'll hear a lot of people say that businesses needed the fda approval before they could mandate evacuations. of course, that's nonsense i think it gives them cover. there's nothing to stop them from saying, hey, get vaccinated or get fired any business could have done this at any time this should have been the policy six months ago the people running these companies lack the courage they were too afraid of the bac backlash many felt they were powerless without a federal vaccine mandate. not true they didn't want to be the ones to go out on the limb. they wanted to pass the buck that's the story of the covid response the only case that matters is the federal ruling that said employers have every right to demand vaccinations, yet the ceo of norwegian cruise lines stepped up now, we're in a moment where we
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can once again try to stop or at least slow the spread of the pandemic i've got to tell you, it will never go away until we use all the tolls at our disposal. right now we have a monochromal ant antibody how is it possible the feds aren't promoting this drug that could save more than a million people from hospitalization and icus in the south packed to the gills. how can they not support that? i don't know if it's incompetence or cowardice. either way it's a tragedy. worst of all our government refuses to make vaccinations mandatory. i know it sounds harsh, we should be using the full power of the state to wipe out this virus. i'm not afraid to say that on air or get hit on twitter. i'm not. the fact that neither the feds or the states will go there is proof that they're not taking
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covid as seriously as it should be t somebody with some level of authority needs to force poem to get their shots. until this happens, this thing is not going away. maybe we have to live with it and hope we don't die from it. i like to say there's always a bull market somewhere. i promise to try to find it just for you right here on "mad money. i'm jim cramer see you tomorrow the news with shepard smith starts right now time is running out on the airlift from afghanistan i'm shepard smith. this is the news on cnbc president biden sticks we are co finish by august the 31st. >> critics pounce and hope fades for afghans, families trying to get out, forced to wait in raw s sewage require reporting from outside
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the walls. covid in kids. cases and hospitalizations on the rise school


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