 Good Friday morning, everyone. We are on the floor of the New York Stock Exchange with Jim Kramer to talk about the markets and Jim I know you just spoke to Mick Mulvaney on CNBC That was that was fun. I mean he called him didn't he really expect him I was hoping that that Anthony Scaramucci would call it, but you can't have everything You know a kill world is not perfect. I think that they're going to go down the wrong path First David was right. They need a budget resolution. That's what they should focus on first Second because the a house took away the border tax The house is not going to let anything occur that actually costs the tax payer money It's gonna have to be revenue neutral if it's gonna have to be revenue neutral and they can't be done You can't do it, which is why I suggested to Mick that what let's just get repatriation one with the exception of president I think I speak to more CEOs because that's my job I just speak to CEOs and I speak to Hundreds of CEOs and many are anxious to get that money from abroad, which is just sitting there doing nothing Yes, some of it will be used to buy back stock But a lot of it will be used to be able to expand because we actually have genuine Expansion issues here in the country that demand needs to be met So I think that they're going down the wrong path again Anything comprehensive cannot be done without Democrats and Republicans and they don't have either if they try to bust the budget Well one CEO you just spoke to with Starbucks CEO Kevin Johnson. Yeah now Kevin we own this fraction alerts It's back to our basis. We did sell some at 64 And so we had thought that maybe we would buy that back We said it we buy it back if it really got hit, but frankly There was enough uncertainty in my interview with him to not embolden me to buy back stock But buy back what we sold and the reason for that as we say in our many comprehensive notes on it Is because they probably have to guide down next quarter Because remember next quarter and he actually Kevin said this they're trying to figure out what they're going to save for next year right now If you think they're going to guide down fiscal 2018 then this stock can probably go to 50 That's disconcerting the stock has done nothing in two years. It's been a coreholding of mine since Howard came back I don't want to draw the conclusion because Howard's not there because he is there executive chairman that therefore the stock is become a third rail of consumer packaged goods and of Qsr, but right now there's enough uncertainty that I find it Not inspiring and not inspiring doesn't make me want to reach for the stock. What did you make of Western Digital's quarter? Well Western Digital we have a very comprehensive note out to Individed to all of our people and I just prefer that they read that note totally all right now Amazon had a miss But Jim as you said right here the other day, this is a world domination story not an earning story yet No Amazon there are two components to Amazon There's the retail and I think a lot of people were surprised that retail didn't do better Given the fact that there was for in an earning space is given the fact there was Amazon Prime But instead they plowed back the money They're very opaque in the conference call and then there's wonders about whether there's margin pressure at Amazon Web Services as Azure from Microsoft and the cloud business from alphabet speed up I think there's still so much demand going the cloud that there may not be margin pressure But I'm certainly watching it. Does this make me not want to buy Amazon? No It just makes me want to be more price sensitive to me also at earnings from Chevron and Exxon mobile Chevron had a very good quarter and it shows you how much money you can make Chevron by the way had this is the fruits of the labor of What they did after Macondo remember they drilled once it was that you got the free once you got to go ahead for Macondo They drilled and they've hit pay dirt and those those wells are producing at a very good price Exxon I think Exxon is still trying to figure out there They're not going to be Royal Dutch saying longer for lower forever But Exxon was a bit of a disappointment simply because as oil comes down Exxon has been so good at handling that Chevron Was the star in this case? All right, and what about American Airlines this quarter American Airlines was a good quarter But the airlines are in cell mode And I think that you've got to wait till the selling to be done as people feel that the airline group has become once again Murderous to each other spirit yesterday was very bad. We have Southwest similar to what I said about Starbucks We sold some Southwest higher and we will buy that back when it comes in Southwest didn't make its quarter because of some very bad oil hedges that are that are coming off Gary Kelly came on and I interviewed him yesterday on Squawk in the street and again I mean somewhat like Kevin Johnson. It was not as inspiring as I would like Kevin Johnson being the CEO of Starbucks But I do feel that Southwest represents value and I like it when we sell some at 64 to be able to buy some back Perhaps you know sell some of the 60s buy some back in the 50s, but again price sensitivity is not a mistake here All right, what about Merck's quarter? Rook was good Merck is benefiting from key Truda, which has been clear winner over Bristol Myers We prefer Louie because Louie has I think a better product portfolio. I know Louie people were stunned by their arthritis failure It was not a true failure. I think they'll be back. They are a consistent company great balance sheet They did boost their forecast Louie is preferable to burn and Jim Tesla Model 3 deliveries start today Yeah, I mean test is a cold stock. I've said that many times to you Scott You can always talk about Tesla and I'm always gonna say it's a cold stuff. Absolutely. All right, Jim Cramer Thank you so much as always have a great weekend for more information on the stocks in Jim's portfolio Please head to action alerts plus com