in 1975, he founded the jim ryan running camp -- jim ryun running camps. he has taught many people to reach their fullest and farthest potential. he is very devoted to christianity. in 1996, jim was elected to the house of representatives we have some great people in there though, i tell you. we have some great, dedicated hard workers and they have done it terrific job, right? wouldn't you say? i think. some really great ones. but he served five terms from kansas' second district. he was a principled, committed, very tough, and beloved lawmaker. that's what they said, tough yet beloved. that is a rare combination. jim has personified the greatness of our country throughout his life. whether he was running on a track race or whether he was doing anything there was, running for office, he was always the top person. people respected him more. i have heard it for a long time. i desk about him and they would say when he was in washington he was a respected person. he's a giant of american athletics, a dedicated public servant, and a man of great charity, genero

jim, congratulations. fantastic. [applause] we're joined today by jim's wife ann, thank you, ann, very much, congratulations. and various family members. but his son, where -- ned. ned, thank you very much. katherine, thank you very much. i'm going to ask you to come up and say a few words, both of you, so you better be prepared. got a lot of news back there. see i'm being nice today. i don't use the other word in front of the word news. but jim's journey started with a prayer. after being cut from his church baseball team. i can't believe it. that must have been a bad day. [laughter] and his junior high basketball team. they probably made a mistake. he asked god for guidance. jim wanned to know god's plan for him. he only had one request, that it was something to do with sports you liked sports that prayer was answered when jim joined the high school track team, joined it and had no experience whatsoever. as he said he didn't really know what he was doing and he didn't know what he was doing there and his very first

we'll ask jim to say a few words. i want to hear what he has to say about his great talent, his great running ability. i find athletics to be extraordinary, i love it. thank you for being here. today it is my privilege to present our nation's highest civilian honor, the presidential medal of freedom, to a legendary athlete and legendary runner, olympian and true american patriot, former congressman jim ryun. jim, congratulations. fantastic. [applause] we're joined today by jim's wife ann, thank you, ann, very much, congratulations. and various family members. but his son, where -- ned. ned, thank you very much. katherine, thank you very much. i'm going to ask you to come up and say a few words, both of you, so you better be prepared. got a lot of news back there. see i'm being nice today. i don't use the other word in front of the word news. but jim's journey started with a prayer. after being cut from his church baseball team. i can't believe it. that must have been a bad day. [laughter] and his junior high basketbal

jim in florida, jim. >> caller: jim, thank you for taking my call >> of course what's going on? >> caller: my question is on a rei reit that yields 37%, and has a pe under 9 the symbol is geo. >> i like that music is that geo's theme music? you don't want to touch geo. that yield i think is unsustainable and you're playing with fire. and i've got to tell you, when you see yields over 7% in this market, you've got to start thinking that's not sustainable. all right. things will not be the same until we get a vaccine as much as i want everyone to wear a mask, it's a vaccine. if you want to invest in the vaccine stocks, astro oh zenec is the most promising. but jny is the best, because if the vak seen doesn't succeed, you may not lose money on "mad money" tonight, enseeno soaring 195% but is it worth it or did you miss the move? and then i'm breaking down tesla and microsoft. and i'm talking with the ceo of turning lemons into lemonade stay with cramer >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer #madtweets. send jim a

okay more important is this here, jim. you know, we today have over 2.3 million square feet of greenhouses up here in canada. we produce over 265,000 kilos here okay we have in germany a facility that produces medical, the medical patients in germany. so, again, if the democrats sweep or even if mr. trump gets elected and they say here is what we're going to do, we're going to legalize medical cannabis on a federal basis and each of the states that need money, you go ahead and legalize it on the state level so hey, after 2.5 yearyears, we know everything about growing cannabis and building brands around cannabis and cultures and strains but the most important thing is, jim, in the canadian market today, there's about $5 billion of cannabis that sold. 2.5 to 3 billion is still sold in the elicit market and with our quality, with our regulatory, with our brands and with our pricing, our ability is taking it away from the elicit market and jim, how many study the are coming out today that say alcohol is one of the major cause

i'm jim acosta in the situation room. breaking news tonight the coronavirus death toll in the united states now approaching 128,000 as new cases skyrocket in at least 22 states pause or reverse plans to reopen. georgia, arizona, and california as well as texas all reported record new cases in the last 24 hours. the surge is prompting california governor gavin newsom to order 72% of residents into a near lockdown, shuttering indoor activities like bars, restaurants, museums, and movie theaters. president trump is still in denial, claiming his administration did it all right on the virus and clinging to his false hope that the virus will, quote, sort of just disappear. we begin with cnn's nick watt in los angeles. nearly three-quarters of californians, life is about to look like it did during the lockdown. >> reporter: it is, jim. not quite. you will still be able to get a hair cut, which is one thing. but 19 counties in this state and they are big counties. talking l.a., orange county, ventura, santa barbara are all on the

. >> i'm jim sciutto. this morning, the rush in this country for new restrictions as the virus rages across the u.s. local leaders, major retailers they're doing something that the president and many state governors do not. that's mandating masks to try and stop the spread and clearly, taking the lead. they have little choice as the nation is closing in on 3 1/2 million coronavirus cases. 39 states are now battling an increase in cases. just look at that map there. florida, texas and california all reported more than 10,000 new cases in one single day yesterday alone. 12 states in puerto rico are also seeing record hospitalizations. those hospitalizations they typically follow the infections as the people get sick. miami-dade county is out of hospital beds forcing hospitals there to convert beds for the overflow of patients. >> and in arizona and texas, hard-hit counties are bringing in refrigerated trucks as the morgues are filling up. arizona is bringing in hundreds of nurses from outside of to state jus

>> boo-yah, jim. and all of the hard working staff on "mad money." >> best staff. >> caller: on behalf of millions of like minded people, i want to have the gratitude of the next again mask >> thank you, man. >> get involved. over 200 people. 200 groups have already gotten signed up. we're winning. what's going on? go ahead >> caller: hey, jim. how you doing? eric from miami. boo-yah. >> oh, eric. okay boo-yah. didn't miss a stock there. what's up? >> caller: i'm a first-time caller my birthday. >> happy birthday! >> caller: looking forward to doing some fishing this weekend. >> you and me both i'm going out saturday morning going for fluke. >> caller: well, if you -- if you give me some advice on this stock, i'll give you some advice on the fluke >> sounds fair >> caller: okay. it's the symbol ng -- >> i know ingevity, it's a plain old industrial what do you want to do with the fluke? and that, ladies and gentlemen, is the conclusion of the lightning round. >> the lightning round is sponsored by t.d.

i don't know if jim is in the building we might have to call jim out to further this conversation because we have such good ownership and thoughts about this space on the group. liz, what about the banks? you can talk about these individually or the space as a whole if it's easier for you to do that. >> my entire being is leverage tods the banking industry. it's a diversification play for a lot of investors i do agree that the -- you're looking for upside in a bank, i think wells fargo has a little more room for upside because it's been so incumbent down. you have to look at the banks as a whole. look as it as a diversification play the banking sector is much healthier around than around the groeb. >> can you make the case to own a bank the financial is a good place to be if you suggest taking profits out of some of those big five names but one is momentum name and up a lot would you take profits and mutt mon -- put money sinto a financial institution? >> you can just today it was a report that warren buffet bought almost another billion dollars of bank america. i don't think it's a savvy

jim? >> boris sanchez in florida, thanks very much. >>> now to texas, one of the first states to ease social distancing is now seeing its single highest increase of new cases. let's go to cnn's lucy kafanov. she is in houston, texas. lucy, houston's mayor, he is warning that at least two hospitals pretty much at maximum capacity. that's a real concern there, right, because that's folks sick enough to be hospitalized. >> it's a major concern, jim. you know, this is starting to feel like a dark version of ground hog day. it's like texas shattering another record. today is no exception. 8,000 new cases. more than 6,500 people in texas hospitals sick with coronavirus. this is taking an incredible toll on the medical facilities here. some hospitals in houston for example have started to transfer patients out to other areas just to make room. other hospitals preparing for a surge and it's not just houston. we are seeing this echoed across the state. you know, we had another cnn team in san anton

okay, jim, how are you doing? >> i'm doing well. thank you for asking. >> caller: very good jim, i'd like to have your analysis on rite aid rid. >> that is what we call a short squeeze. there are a lot of people betting against it it's not doing that well i don't know if you caught walgreens last week. at the beach i saw that was bad. these guys aren't nearly as good as walgreens and that, ladies and gentlemen, is the conclusion of the lightning round >> announcer: the lightening round is sponsored by td ameritrade this piece is talking to me. yeah? so what do you see? i see an unbelievable opportunity. i see best-in-class platforms and education. i see award-winning service, and a trade desk full of experts, available to answer your toughest questions. and i see it with zero commissions on online trades. i like what you're seeing. it's beautiful, isn't it? yeah. td ameritrade now offers zero commissions on online trades. ♪ >>> some of the hottest stocks in this market were high they are morning for giving up th

jim: depends on inflation. the biggest question we are going to have in the next two years and maybe 18 months is inflation. ,e have year-over-year pace up we will be over 10 -- we have with alln 10 over 10% of this money printing and government bonds we have seen. we also have stimulus to a degree we have never seen. $600 a week for the federal government. that was $25 a week in the last recession, that's how much it's gone up. and we have seen a lot of promises of bailouts and everything else. the question is do we stimulate into inflation. , for a 21wer is yes or 22 story, not in the next year, i think you could see rates go up. if the answer is no, and all of that growth does not produce inflation, we will probably be in a rerun of japan lower for longer and maybe even hugging zero yield now. so where are you on the inflation story? i think in the next year, high-end inflation but we will see. jonathan: and let's talk about how you push that through the treasury market. nominal yield has remained really sti

it's all about the mask, not the jim carry movie. yeah, president trump started promoting mask wearing on twitter. a major shift and the stocks have been fitted from a reopening economy are higher today and that's how the dow jones gained 160 out performing the s&p 500 but trouhe nasdaq .% the cramer covid-19 index is out. the recovery stocks are in at least for today our country has the worst coronavirus outbreak because we turned wearing a mask into a cultural issue the president tweeted a stark black and white picture of himself wearing a maface mask wh the explanation saying many say it's patriotic to wear a face mask when you can't social distance there is nobody more patriotic than me, your president. end quote. well, kind of the only one why does it matter because president trump is the de facto leader of the anti mask faction. that's why he spent months refusing to wear a mask in public and framing this as an issue of personal freedom. that emboldened people to take ridiculous stands against mask mandates invoking the first a

and one grim note, jim, to point out here. as we are getting more information about this 11-year-old boy from miami-dade county who passed away from coronavirus, that is the youngest person in this state, he was severely compromised we have learned. still unclear. he wasn't traveling so it's still unclear how he got that virus, jim. >> still very sad news. randi kaye, thank you very much for that. let's get expert medical analysis from peter hotez and former u.s. surgeon general vivek murthy. you describe this as a perfect storm. the u.s. seeing its highest single day of new cases as the holiday weekend approaches. just how bad do you fear this could get? could we see things spike even more? >> thank you, jim. i'm deeply concerned about where we are in this pandemic. you know, we are certainly seeing more cases than we've ever seen. we are setting records, multiple records this week for new cases. but i fear that this could, in fact, get worse. we've heard dr. fauci tell us that he would not be surprised if we saw more than 10

so the question, jim, is why is that not happening tonight as well? jim? >> very good question. jeremy diamond, thank you very much. let's get a look at what the president will be seeing when he arrives at mt. rushmore. joe downs is there. joe, what are you seeing? >> jim, the authorities are looking for about 7500 people to arrive here. there are two levels. we're up on the balcony. we shot pictures just a few minutes ago of what's going on down on the main level. as you can see, a lot of people there. another thing you have to take note of is, as we've been seeing people come in, there has not been a lot of examples of people wearing face coverings, hardly any at all, as a matter of fact. there also is not going to be a lot of social distancing here as far as we can tell, and a number of reasons for that, obviously, trump supporters who follow the president, but also just the physical space. one of the things we noticed is there are black folding chairs here in long rows, hundreds of these chairs, for this event, and they are connected by plastic zip ties. so people sitting in

jim cramer is also here with us today. let's go to the wall, check stocks as we turn our eyes to the reports after the bell we are green across the board. how much is riding on after the close today? you can take microsoft first, and whether it's a referendum on tech itself? >> i think microsoft could be. i believe that one of the things we have accepted is a way from apple i listened to the great report on jamf, the new ipo from carl and jon. you have apple news that it's doing very well, and that was, and then microsoft, and then we have this chasm before a lot of other companies. we feel that kind of covers everything microsoft does a lot of stay-at-home microsoft has the lawsuit filed against thoem against slack but most important, microsoft's azure has been growing endlessly and fabulously a lot of people think faster than microsoft web services. if that continues, i think the stock goes higher. pete, if this report comes in well, people will say that's why all that money had flown into tech to begin with that's why t

so, jim, you're right. money is a motivator there's no doubt about that. >> yeah, look, no one wants a season more than i do. season ticket holder of the eagles, but it occurs to me that we're not going to be able to go and, sure, the tv money will be there. but, david, you've got a boy going to college. >> yeah. >> how many football -- the football schedules, one by one, are being wiped away. >> yes tlaerks not going to be a football season. there will, however, be practice never hurts to practice, jim. >> practice? >> yes. >> practice? >> practice. lots of practice endless practice and maybe, who knows, they'll be able to have the season in the spring we can always hope. >> talk to iverson about that. >> guys, we'll take a break. it's great to have jim back. >>> new target increases on ebay this morning alphabet, apple, amazon and initiation of disney at goldman sachs. they start with a buy. disney world reopened over the weekend. we'll talk about how that want and what the future means. ensquawk on the s

jim. >> thank you very much. prime minister boris johnson has a blunt warning as the uk opens businesses, don't overdo it. scott mclane, what's happening there. >> americans will be celebrating the 4th and so will the british for an entirely different reason. this saturday barber shops, pubs will be allowed to reopen to the public months after being shuttered due to the coronavirus. last month british prime minister boris johnson said he was confident these loosened restrictions should lead to second spikes in infections to overwhelm the country's socialized health system. today he's asking people to, devote, not overdo it this weekend. in an interview he asked people not to undo the progress made in the uk. first responders and police were also sending out a similar message. in that interview the prime minister also signaled he may not renew government wage subsidy for furloughed workers saying long-term furloughs were not good for employees or the economy either. >> thank you very much. coming up mayor de blasi

jim, poppy? >> barbara starr, thank you. >>> just the economic toll that covid is taking on companies, crushing blow to the travel industry. you heard from delta airlines ceo on this show on friday. well, now this morning, jim, they posted their biggest loss ever since 2007. >> yeah. i mean, debilitating for these companies. cnn's aviation correspondent pete muntean has more on the numbers at the end of the day. people aren't flying as much. >> jim and poppy, this really shows how bad this crisis is for major airlines. remember that delta was one of the better ones leading into the epidemic. it was able to cap capacity and now it's reporting the worst loss since 2007. burning $27 million in cash each and every day. what's so interesting, we're finding out that airlines had really planned on a smoother recovery after travel bottomed out earlier this spring and as coronavirus cases surged across the country, demand started to level off. delta was planning to add 1,000 flights in august and now it's

jim? >> all right. we know you'll stay on top of that evan mcmorris santoro thank you very much for that. let's discuss the growing crisis in arizona with the mayor of tucson. mayor, thanks for joining us very much. arizona is reporting a record high coronavirus cases right now and deaths today. why is your state being hit especially hard right now? >> the rise in covid cases are direct directly correlated with the opening of the state by the governor. we were in a space at the beginning of may where we were seeing daily, at least here in the city of tucson, in pima county, we were seeing -- we were at a plateau of 20 cases a day. just yesterday we had 460 cases in pima county alone. and today we are hearing a record setting 4,800 cases throughout the state. it is very devastating and the governor took a step too quickly and went from opening the state from zero to 60 and now they're seeing the consequences of those actions. >> as a matter of fact, you clashed with the governor of arizona when he refuse

send jim an email to madmoney@cnbc.com. or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com. >>> it's the summer of the special purpose acquisition corporation. managers who raise money and use it to buy other businesses, either part of a rollup or a big deal sometimes they do crazy things but there's nothing inherently with these we like the look of them so it's all about what they acquire. if they snap up a good, solid business that wants to come public via reverse merger, that's a very different story. take quality foods everyone knows this, nearly 100-year-old company i'm going to hold them up just in case you don't know last month, these guys we learned that they were coming public by merging with collier creek holdings this is nothing like nikola stock that spent the last month getting eviscerated. this is a real business. they're profitable the combined company will have great blood lines. this fellow, the former chairman of pinnacle foods. the former ceo of kraft. third, the company just ann

i'm jim sciutto. a holiday weekend one we all want to celebrate, but a critical moment in the country's fight against the coronavirus. as 36 states now see a rise in infections. the nation has set a new single day record for new cases. and by some measures nearly 15 million people remain out of work in this country. growing fears about large celebrations and gatherings will only fuel this surge and prolong the country's pain, including its economic pain. we saw what happened on memorial day weekend. the numbers simply don't lie. but the president keeps repeating this lie, that the increase in cases is due only to an increase in testing. his own task force contradicts that. >> there is no question that the more testing you get, the more you will uncover, but we do believe this is a real increase in cases because the percent positivities are going up. >> percent positivities. that's the percent of people whose tests are coming back positive that means the infection is spreading. it's in the data. today,

jim: yes. are you suggesting that -- when schools have names, usually the students at some point have to learn why the school was named after that person and it becomes an assent a kind of role model you are describing, annette. should we be suggesting that every curriculum should also consider including a critique of the person for whom the school is named, no matter who it is? david: well, almost you have to, don't you? there was a place in texas i think decided, i am forgetting where it was, decided to change all of the stonewall jacksons and robert e lees to names from nature. the only safe way to go. birds, nature. [laughter] street names, the same thing. i was just going to say really quickly, after the charleston quickly, after the charleston mascara 2015 and all of our panels about memories and monuments and so on, i decided i would go to every audience with three principles. one principle, you had have a deliberative process. the second was you had to learn some more history first, alw

send jim an email to madmoney@cnbc.com. or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com. we're going through a really tough time right now, all around the world. and covid-19 is still impacting so many people. if you've survived it, then you're the heroes we need. the plasma that's in your blood can literally save lives. but we have to act fast. so please donate. you fought for your life. now, let's work together to take down covid-19 to donate plasma go to thefightisinus.org i geh. common bird.e. ooh look! over here! something much better. there it is. peacock, included with xfinity x1. remarkable. fascinating. -very. it streams tons of your favorite shows and movies, plus the latest in sports news and... huh - run! the newest streaming app has landed on xfinity x1. now that's... simple. easy. awesome. xfinity x1 just got even better with peacock premium included at no additional cost. no strings attached. just say "peacock" into your voice remote to start watching today. >>> two weeks ago, cnb

>> jim, look. as i've said before, i'm deeply honored and i'm humbled that i am, reportedly, among this group of extraordinary women who are being considered for the job. i've, also, said that the most important thing, in my mind, and for this country, is for joe biden to be the next president of the united states. and for the democrats to control the senate, as well as the house. and that is what we need to right all of these wrongs. the fact that, you know, our foreign relationships, our leadership in the world, the quality and integrity of our government. all of the challenges we face with coronavirus, the economy, race. all of these issues need strong, principal principled leadership of integrity. and that's what i care about. and as i've said, i will serve in any capacity that i can to help advance that objective of joe biden becoming our next president. and then, to help him succeed if he does become president. >> susan rice, we appreciate you joining the program tonight. >> thank you, jim. >

. >> jim, thanks a lot we've got to go. melissa, you should just stay in the stack, stay in the library and research for tomorrow's show is what you should do. >> i'm going to start doing that. >> research for -- >> i'm research for thursday's show, actually. >> we will see you tomorrow. andrew, let us know, write another column that we can talk about tomorrow i don't know thank you. make sure you join us tomorrow. >> i won't be. >> "squawk on the street" is next ♪ >>> good tuesday morning, welcome to "squawk on the street," i'm carl quintanilla with jim cramer, david faber is back after a long weekend. live from separate locations futures are solid after monday's record nasdaq close, s&p green for the year as we enter the heart of earnings season with coke and lockheed, mnuchin and pelosi meet on an extension of benefits today and the eu gets its own historic package, euro four month high this morning jim, you've been going back and forth with portnoy on what you say are amazing insane moves that can continue. >> yeah, i

bring octa in. >> i just saw that tweet, jim. interesting. we are on track for a third week higher on the s&p. let's get to bob pisani this morning. good morning, bob. >> good morning, carl. happy friday everybody. yeah, we are up about 1% for the week, have he good start to earnings season. it's nice to see the banks holding up relatively well they tend to dip going into earningsen is this week, not so this week. that's a good side sign. a bit of a reversal for the trend which has been towards value. early on tech has been a relative outperformer, energy is underperforming and banks are underperforming as i said that's a little bit of a reversal of the trend for this week, there's been this value rotation we talk about, tech cooling off, industrials, energy doing better look at the numbers for this week, transports, classic value, have had a great weekover all, up about 5%, small caps are up about 3% you see industrials, energy and technology lagging so this is in a nutshell your value play, your value win hard to believe, though, the value

pop beand and jim? >> it's sews important that they do this. >>> many hospitals are asking for nurses making sure they can meet the need with the rising kisses. rosa flores joins us for more on the rising cases. >> reporter: we've learned 51 hospitals in 12 counties across the state of florida are asking the state for more than it 1 hearse is. there's enough the a need for nurses right now and where's the most need? right here where i am in miami-dade county. this is the county that has asked for 2720 nurses. here's the reality. icus here are operating at 130% capacity? yes, the county says that they have beds to convert icu beds, but at the end of the day you need human beings, medical professionals to provide that icu care. now, city of miami mayor francis suarez announcing today that the mask mandate in the city of mime is working, so much so that officials are upping enforce president and the fines as well. now the first and second offense will cost you $100 each. the third offense will lend you in

jim newton. justice warren presided over these cases. which the segregated schools, and chris walled v. versus connecticut. he also talks about the chief justices, early years as attorney general and governor of california. c-span recorded this in 2007. >> it is a tremendous pressure to introduce a dear friend of mine, jim newton who is the author of justice for all, jim is a reporter and the bureau chief, he has been that for over 20 years. i first became familiar with his writing, in the early 1990s. when he was league reporter for the l.a. times, covering the trial for king, and then the o.j. simpson case. i was dazzled by his writing, he was able to take complex events in a courtroom, and

jim? >> trying to be prepared. evan mcmorris in toro, thanks very much. >>> this morning state of texas reporting its highest number of new coronavirus infections in a single day. hearing that a lot around the country. let's get to cnn's lucy kafanof. the mayor is warning like from phoenix that the hospitals are filling up. how much and what's being done about it? >> hospitals are filling up. there's at least one facility here in houston at capacity, forced to transfer patients out. a lot of other medical facilities are pushing patients out. there's a line of cases waiting to get tested, parked as early as midnight just to get their place in line. they went to capacity. they did. they filled up completely. they were then forced to build a new wing to deal with the surge in covid patients and that's what we're seeing at other facilities that have the ability to do so. they are trying to convert beds to do some sort of hospital tetris, so to speak, to meet the needs of people getting sick an

jim, what's coming up on mad tonight? >> mp materials which is people want to know about rare metals and then lemonade. a hot stock. it's not about lemonade. insurance. i can't wait for tonight's show. john and gary. i think they're doing okay >> jim, look forward to hearing from lum nad just a few weeks after the ipo. we'll see you tonight. >> thank you >> jim cramer and mad money at 6:00 p.m. eastern time welcome to "squawk on the street." the market is not changing a lot with price, but it has a defensive tilt most sectors are down. dow red by pfizer and procter. how to rick santelli >> we're expecting a 2.1 to 2.2 % economic rebound 2 .0 up 2% for the month of june. in march we made the all-time worst month over month minus 7.5% in may we made the best showing up 2 .8 %. so up 2 .0 fits right in and it comps to that reading we just had in may h in terms of the last time we had that amount of strength it is a june read. and we know a lot has happened since then interest rates still hovering very near all-time low closi

>> caller: hey, jim. boo-yah from brooklyn, new york. >> oh, man. >> caller: how are you >> how is brooklyn handling itself i've been in absence. >> caller: we've gone good we've been good. when i walk my dog i see how much recycling on cardboard and i called once before on international paper. we start using plastic so we use more paper against your advice, i bought some in june now, i have it in my ira so i want to be careful it gives me a nice dividend and it's gone up, actually, 18% since june so what do you think, jim, give me some good advice. >> well, you know, i mean, it should be doing better you're right it's got that good yield the yield is fine. 5.5. mark sutton is doing an okay job. i expect so much more because like you i thought with the environment, boom, but that and west rock, they are just -- they are bonds. actually west rock cut the dividend you're fine. not great, not bad i hope your dog is good. ben in minnesota, ben? >> caller: boo-yah jimmy chill thanks for taking my call. >> chil

i'm carl quintanilla with jim cramer, david faber. got some chop to futures this morning amid new china tensions, the u.s. telling china to close its consulate in houston got results from united, snap, microsoft, tesla tonight, pfizer news, oil is below 42 on this api inventory build, jim, along with the president's comment yesterday that covid is likely to get worse before it gets better. >> there's so much confusion right now. we've got pfizer news because the going is going forward, will be able to produce a vaccine if it goes forward enemas the president saying masks are patriotic. then he said things are going to get worse. i think that's counterintuitive if you wear a masks it won't get wors worse. >> the pfizer news you mentioned is that the u.s. government engaging to produce 100 million doses and you have to 600 million doses, jim, starting with 100 and that would be available to the public at no cost, although the government would write a check for about $2 billion. >> carl, when this happens typically what we get is all the

>> there is absolutely no reason, jim. when it comes to our men and women in uniform in a war zone in harm's way in one of our arch adversaries and this case russia, escalating their hostility towards the united states by actively paying taliban terrorists to kill our forces, i would have walked into the oval office as soon as i saw that information and if it were raw and unverified, i would have said mr. president we have immediately here some very troubling information that the russians are paying the taliban to kill our forces. i'm going to run this to the ground. i'm going to work with the in l intelligence community to figure out how strong it is. in the meantime, we're going to work on options for you to respond appropriately to russia and we'll get back to you when we know more. you don't fail to tell him and jim, let me just say, i don't believe that they didn't tell him. i believe the more we've learned about this, that when this information came to light in 2019 early 2019, which is now what we understand to be t

, go ahead no, jim, go ahead. please. >> i wanted to thank you for sending me some airborne you sent me a couple bottles of airborne i wanted to know whether those were the only two bottles. have you gotten to the point where you can fulfill the demand of your products because i know when i see these arrangements you're making with airlines and doing some terrific things to try to keep everybody at peace, basically, i am concerned that you're out of product. >> jim, we are investing heavily in ensuring that our capacity goes up. in fact, we had announced in february an expansion of 2 billion pounds of an investment in the business. we're taking that investment level up, including investment in additional capacity if you look at the growth of lysol in the u.s. it's grown over 70% i don't think there is a lot of people who can really scale up supply in order to meet 70% growth and demand overnight. we are, in fact, making exactly those arrangements with a combination of cold packers as well as investments we are mak

>> well, no, jim. actually, it's the case that when -- you know, every president is different with regard to how they take briefs. and so for president trump, you know, it may have been the case that for him that he took the brief orally and that there was some written material left over. but with regard to this issue of corroboration, look, you know the intelligence brief contains a lot of different types of intelligence. not all of that intelligence is going to be intelligence that has been looked at and corroborated by all of the 17 intelligence agencies and components. what we're talking about here is intelligence that was significant enough that intelligence briefers believe it was worthy to be in front of the president and even if there was an agency that said that, you know, they'd look at the intelligence, they don't necessarily agree that this is exactly what another agency says that doesn't mean that it wouldn't go to the president. what's really important here is that that information was in

tell me about it. >> we're really excited about it, jim. this campaign is all about patience and when we were looking for additional patient advocates, chlkhloe kardashian s to the top because she's been very vocal about how she struggled with migraines since the sixth grade and hasn't been satisfied with other treatments and like many patients that we hear they have been looking for a new treatment to come to market and khloe heard about it, got samples from her doctor and responded very nicely and kind enough to agree to work with us to be a spokesperson for this campaign so that others could benefit, you know, from her experience. >> one of the things that i think people have to recognize is that khloe isn't alone. migraine -- i suffer from migraines, but the number of women who suffer versus the number of men is kind of unbelievable. >> yeah, you're right. it's about 85% of migrainers are women and it usually strikes in kind of late adolescence all the way until about age 50 for women, really in the prime of they a their life i know tha

i get a lot of oh jim's. it's okay. >> oh, jim. >> oh, jim david, what are you hearing? >> for a while -- >> i'm sorry, carl. >> we had to be satisfied with nerms of apple m amp a with beats, $3 billion. a look at the s&p heat map at the nyc churchill capital corp. a spac, another ipo, vasta platform speaking of ooips ipos, david, i'm sure you say reuters arguing that bite dance is considering listings in hong kong or shanghai. >> yeah, i did you know, i've been doing a good amount of reporting on this, specific really to tiktok and the future of that service in the united states. guys, listen, it's unclear where things exactly stand in terms of that but i can tell you it's certainly the subject of back and forth between the u.s. government as you might imagine and the management of bite dance which is the et owner of tiktok and tiktok run by kevin mayor, the former disney executive. it's going to be fascinating to see where this ends up and how and what the u.s. government is willing to allow tiktok to do or whether they would move to say no more. do you have to become

welcome back to "mad money". >> thank you, jim. good to be back and misseeing you in person. >> same. this is starting to drive everyone crazy and i know we're only in the fourth month so we have time on our hands can you tell me and give me perspective on this attack because it's quite chilling, obviously, whether it is a nation state, guys making money, want to shake down because i know you told us about ransomware i need our viewers to understand what can happen here. >> this is a classic attack where the attackers are able to get privilege access the privilege access was the pathway and it doesn't matter if you're a social media company or health care company, what the attackers go after are crowned jewels of the company. it's getting those administrative controls to control the amounts and like you said, it could have been worse but they did get to a full control position. >> what i need you to tell me is aren't there some things you just can't stop? let's say you have a trusted employee and that employee goes rogue. with you

>> caller: hi, jim, how are you? thanks for your advice, appreciate it. i know you usually recommend an s&p index fund and with the current volatility and guy rations in the market, do you recommend the s&p fund or switching over to a dow or nasd nasdaq >> no, s&p s&p is terrific you can do a lot of low fee, no fee, etfs stick with s&p that's the way to go let's go to omar in florida, omar >> caller: hi, jim i want to know your thoughts on opk moving forward they are producing 25% of the covid-19 tests and have major contacts with the state of new york, the nba and major league soccer i want to know your thoughts on the future there boo-yah by the way. >> boo-yah you're from miami and that's where they are located bio reference labs, meg terrell interviewed them if they get the nfl, opco at $4 can go to $5 this is by reference was a not great acquisitire -- acacquisit. julian in florida. >> reporter: this is julian castro's mom we love your show. >> fantastic. >> caller: i'm a second-time caller i called when i was 14 and now i'm 17 thanks for your help i

>> jim, thank you for having me. no, i feel very much like all of american education is an experiment right now, but not even a scientific experiment. it is a political roll of the dice for us, and we are the dice, the teachers in the classrooms. if it were not, if there were not the issue -- and i wrote about this, it was carried in "the washington post," if there were not the issue of well parents need to go to work, then there would not be this great pressure coming on us to open schools. if that were not the case, and what i added was, you know, if i am sick, if i am quarantined, and my class is quarantined, on and on, and if we must do blended learning, which i don't see how there can be anything, any best case scenario right now for most districts other than a blended situation, we're not going to be able to have school, and so the idea that it's going to be business as usual, where your child comes to school for seven or eight-hour school day and maybe some kind of auxiliary care and that you can rely on that

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but our principales through promotions >> vivek, jim cramer good to see you. we have the brands on the wall all famous brands. i understand you're taking share. if you're taking share, i have to believe a kroger, costco, target, walmart and not just mom and pop's and that will become the fall when more people are even not be able to go out because the tables outside will disappear that this could be a fabulous time for you. you're innenergized and you goth right merchandise and i think a lot of these companies are right for the picking. >> yeah, jim, you know, our strategy is very clear i'm so proud of the team that's executing so well. and you have to think about what's changed customers are eating a lot more at home. and when you eat at home, fresh food matters a lot you want the best produce. you want your choices of meat. you want to have everything in a store you can cook at home and that plays to our strengths. we put a lot of energies over many years building those capabilities and that plays to our strengths. i hope things get better for the country fo

i didn't understand it because i was told hey jim carrey wrote a memoir. and i'm like oh man, i'm excited then i read the book and called the person, i said is this real, they were like it is but it isn't. you can explain what you have written. >> i approach everything i do as something that could be completely untrue. and yet there will be parts of it that will be things that will be absolutely authentic. >> okay, maybe that is a blanket statement. but in this case, you know, this was the best way to get my truth out there, everything to say everything i need to say and do it in a way that is completely entertaining and you know, harkens back to dante and all of those wonderful stories of king arthur and nights of the round table. and i just love that concept. so when we started writing together, dana and i started writing we were really just having a conversation, a friendship, and such wild ideas came out of that, that we had to go with it. we had to go with it. we didn't want to do a memoir. we didn't want to take stock of all the things that have happ

jim. this state is one of the hardest hit states across the country, and just like ed mentioned maricopa county, the largest county in the state, is bringing in some of the refrigerated trucks to help eliminate the pressure on morgue system and hundreds of nurses being brought in from around the country to elevate the conditions in the hospital system and while all that's going on there are still not hard for the people in arizona that think a lot of the basic mitigation techniques are not necessary. i'm in tombstone, arizona, which is a tourist town and also a real town and people here who they come to visit, town is open for visit. they are not required to wear masks and that's not against the rules because the governor of arizona has not set a statewide mask requirement. i asked the mayor of tombstone yesterday a tough question because this is a tough town. i asked him if his decision not to require tasks is going to get people killed. >> i don't think my responsibility or my actions ar

jim? >> elizabeth cohen, thanks so much for staying on top of it and we'll bring you the data as it comes throughout. as new cases surge in florida, governor ron desantis there is pushing back against calls for another statewide lockdown and ran randi kaye. you had an interaction with the governor and you challenged him and he's holding firm. >> he said he will want shut the state again even though we saw 6,000 new positive cases and the governor has said that florida is not as bad as new york. in fact, he's criticized the media for suggesting that florida could be as bad as new york. he said it was some sort of partisan narrative and he even asked for an apology from the media. so we went to him yesterday at his conference nearby and asked him if given the spike in numbers if he wanted to apologize to the media or did he regret making those comments and here's what he said. >> we're not even close to that. so we went through march, april, people were predicting we'd have 400,000 people ho

jim and poppy? >> quite a view there from the ground in texas, ed lavandera, thanks very much. >>> well, after five days -- after five days of memorials and tributes, civil rights leader icon congressman john lewis today will be laid to rest in atlanta, georgia. the state where he served for more than three decades. >> these are live pictures here from inside ebenezer baptist church where in a short while, former president barack obama will deliver the eulogy. bill clinton and george w. bush will also attend and participate in john lewis' funeral. martin savage, he's in atlanta following the services live. what should we expect this morning, martin? >> good morning, jim. it will be another remarkable day. it really will. you have mentioned the three presidents, barack obama will be delivering the eulogy. he knew congressman lewis very well. on top of that, nancy pelosi, the house speaker is also expected to attend. retracing his life, in troy, alabama, selma, alabama, where he almost died on the edm

>> david, jim, good morning. good to be with you both no question some of the better news from ge is the fact that our negative free cash flow in the second quarter, a time of unprecedented pressure on the business, particularly in aviation, was just over $2 billion. david still negative we're not proud of that. we have to do better we have to put it into positive territory. that said, i think the team took the reality head on here during the course of the second quarter. worked through a number of operational issues, and came out a little bit better than we had opera anticipated. i think we're pleased with that outcome, but we have plenty more ahead of us as we work to transform ge in the second half and as we get ready for 2021 >> yeah. well, larry, you were working to transform ge before the pandemic you seem to be on a strong road there in terms of doing it but as you point out, there's nothing i would assume in your business career you've dealt with that's like this. when it comes to aviation, how confident

jim, you want to get in here i own apple. i own it now at a 4% weight in client portfolios which is dramatically underweight to where the s&p 500 is i think it has it at 6.5% waiting. maybe it's even 7% my question to you and it's an honest inquiry why not trim it if you're in your situation the underweight you take to the benchmark is tremendous. maybe the answer is i'm bill nygren, i have the track record behind me that can justify taking enormous tracking error i am curious why not just trim it even in half and still have less of a tracking error love your opinion on that. >> over time we had been making those trims. we think if people want extreme diversification, they can go to an index form. they are hiring us for stock picking expertise. we think very little about what's the exposure we have versus what the index has. we try to make our largest positions those that we think have the most attractive risk reward regardless of what they are. when we think an apple doesn't compete with our financial stocks or our industria