 Good Friday morning everyone. We are on the floor of the New York Stock Exchange with Jim Cramer to talk about the markets and the Russell rebalancing today Jim. Apparently a lot of oil is added and so that may put it a real there's a real tug of war here going on with oil. The Baker use count which I think is going to show continued addition to the tube drilling negative for oil. You've got this Russell rebalancing which is going to be good for oil and then you have the production figures that just come out which shows that there was not a great increase in US production. US production is determining where oil goes but then you also got the futures reports which show that many of the US companies are hedged which means they're going to keep pumping. All this is about a battleground. Carly Garner is your answer okay. She is the one I have used at 53. She said sell sell sell. She's calling for a messy bottom right here. That seems to be what's happening. Carly Garner realmoney.com. The best. If you don't look at her I mean anybody does. She's worth the price of subscription. This is not high. I've used her for everyone else. She's been right at every turn. It's incredible. So from oil to health care stocks which are rallying on the Senate bill. Little poise here. Little pause. Now people have to understand. The reason why the hospital stocks went up is not because it's good for the hospitals. They went up because people feel this bill can't go through as this. You can't cut Medicaid and expect to get the 52 votes. I agree with that. I think anybody who votes for cutting Medicaid in any form is finished politically finished and they know that. What do you make of the financial stocks with the banks passing the stress test. Stupid. I mean these are their yield curve plays if you're buying them because they pass the stress test. You're really like you're back in 2011. I want you to stay focused. C car could mean that city corp could could return more capital. They're buying back 7 percent of the company. C corp is next C cars next week and that's far more important. The stress stress stress test were much to do about nothing and anybody who knew anything would have known that. And city is an actual earth plus name. Yes. All right. Let's also talk about bed, bath and beyond. What a quarter. I want everyone to read the conference quote because what they basically says is we can't compete with the Amazon. That's a subtext. What happens is if they the more they the more they do online it hurts their foot traffic. There's a foot traffic is the key to the success of the company. But all the stores are profitable. So they're kind of in a real bind. They the more they get better in online the worst they do in brick and mortar and they have to give you know that they ship above free purchase above twenty nine. Then they don't do as well in the gross margins because of the shipping under twenty nine. Then it goes to Amazon. This is an existential crisis. They bought back a huge amount of stock much higher. It's done absolutely nothing to help the stock. And if you read it you realize why every retailer is down today because people recognize that it could happen to them. And you asked Irene Rosenfeld about Amazon last night. She is undeterred. Irene is tough as nails. What I would tell you is that they've already dealt with Amazon. They also have a 30 percent of their ad budgets can be online. The big issue for Mondalys is to get U.S. sales back because international's could very good emerging market is excellent. U.S. sales she says are going to be back in the second half which is why I say buy Mondalys by Mondalys. Read my lips by Mondalys. We loved your interview on Mad Money last night. Also Starbucks given an overweight rating at Key Bank. Yeah look Starbucks has fallen very quickly from sixty four to fifty nine. If they indeed are solving the problem of in-store mosh pit that's Ron Shakespeare. Then I think that the stock is going to have increasing domestic comps which means the stock goes back to sixty four. I agree with it. Action alert names sold some up there would buy it back and went to fifty seven. Meanwhile Caterpillar downgraded a Georgia that's a savage downgrade and here it is. You know undercurrent of that is that they feel that even the good news is discounted a hundred and five was a hundred and three yesterday. I point out that the big negative on cat is that they are linked to oil. There's a lot of industrial applications involving oil that need earth movers and so the downgrade makes sense to me. Oil does need to be hard. All right. And then on stop trading on Spock in the street you talked about U. S. Steel yet now U. S. Steel. A. K. Steel upgraded by Deutsche Bank. This is all about the idea that the government is going to invoke two thirty two. This is a clause which says that there's national security issues about why we need steel industry not threatened by dumping. It would be broad. It would be sweeping. It would be the first time we fought back against the Chinese and the Koreans typically the Koreans by the way. It would be terrific for U. S. Steel A. K. Steel and best of all for Newcore which is the low cost producer. Now if you look at Newcore which is a big action alert saying you'll see a pre announced bad numbers that was actually I think in some ways you didn't want the government they had been just written up by the journalist making too much money. I mean give me a break. I think that Newcore by having bottom to fifty four and come back to fifty six and change is a reflection that you were going to get this and you're going to get it soon and Newcore is going to go to sixty. All right. And then on Maddash you talked about Bitcoin which is something you talk about on our trading strategy. You know our Johnson who is a must must must must read who did a fantastic piece explaining how AMD and NVIDIA are benefiting from cryptocurrency particularly for Ether for this secondary currency that's up four thousand percent. I'm not recommending any of the bitcoins the ether but I am saying that people are plenty if you want to know why AMD and NVIDIA recently have been very strong read his piece. It has all the answers. Johnson he's must read. Eric Johnson the street dot com. All right Jim Kramer that's it for today. Thank you very much. All right and for more information on the stocks to mention please head back to the street dot com.