 Good Thursday morning everyone. We are on the floor of the New York Stock Exchange with Jim Kramer to talk about the markets The Dow slightly below 22,000 Jim. Let's begin with Tesla Elon Musk hinting at a possible debt offering No, he's not here. He says yeah, I basically said we really good coverage by Brian Sose this morning some other people He has to he's burning through a lot of cash But look the bottom line on Tesla is a lot of people really love the car and the people who love the car are people who buy the stock and That's because they think it's a tech company and that's right And as long as he has access to the capital markets in some way shape or form then I think he continued to go higher because he's very promotional But he does have a car company people love the car if he can get the funding and continue to get the funding He will win and that's I know that a lot of people feel that that's not a rigorous approach But he will win if he gets the funding and right now he's being funded What did you make of his confidence on the earnings call? Yeah, he's incredibly promotional There's a great piece in market watch about how he kind of acts as if it's like a private company or a small cap or doesn't realize There's a great responsibility in these calls, but again, it doesn't matter You love the car you own the stock You believe that it's a tech company you own the stock and and that's what propels it Let's move on to take to interactive raising the revenue forecast. What did you think? Yeah, I mean Grand Theft Auto online is doing incredibly well And it's this has been a long time since the last iteration and the fact is is it what you do is you just kind of amortize it over time It's a remarkable story. This is a franchise that's bigger than almost any other entertainment franchise Maybe the biggest entertainment franchise in history and even though they didn't have any new titles to speak of It is powering their numbers higher, which is why the stock looks so good today You now have a situation where the book their Their aggregate of what games they produce continue to produce good numbers They've got Red Dead Redemption 2 coming up and then in 2018. They teased NBA 2k e-sports. That could be very important We for axionlers plus comm club Issued a bullpen analysis of Activision Blizzard NASDAQ's a little wobbly today. Maybe get a chance All right, we know NVIDIA has exposure to take two But what did you make of the lamb research downgrade? lamb research downgrade was a little Jarring because lamb's been down in a straight line since the reporter an excellent quarter And the reason why it's going down aside from the downgrade is because they make chip They make the machines you need for a lot of different kinds of chips But some of the commodity chips and I think there are people who recognize The action in the micron stock after the porter blowout quarter, which is now below is signaling that perhaps there is going to be a Coming glut if there's a coming glut there's a belief that there'll be order cancellations for these big machines that lamb makes now on the other side Martin answers says that's probably not going to happen He's the CEO but the PE multiple here shrunk rather dramatically And I just want to warn people that that is the classic way that these stocks tend to roll over believe it or not I believe in answers, but I also believe in house. What stocks are saying Jim? Let's talk about Teva stock getting hit Died in slash. Yeah, they cut the dividend pretty rather remarkably They're talking about price pressure in us generics now That's very interesting because that's the business that they bought from Allergan Allergan going down People just feel that it doesn't have the oomph. They did boost the forecast. So did Eli Lilly It's just stocks that we own fraction alerts, but then they didn't have the pizzazz raise them I have to do more work on Allergan will be issue in Bolton later today, but I do feel that you know what? I mean that whole group is a little squishy and Teva is probably the weakest of all all right moving on to young brands They reported better than expected earnings, but Pizza Hut Yeah, I mean it's incredible because Papa John's reported a great number and Domino's reported great number They've got to get pizza together a very good numbers KFC excellent numbers Taco Bell Remember, that's the the rump of what's left after they spun off China and Pizza Hut hiring delivery staff It's into the stay-at-home economy you talk about does I mean pizza is late to the game Let's see if they can make a dent. It's such a competitive environment Domino's domestically did quite well But Domino's overseas remember UK was weak hamburgers very strong There's kind of a split here between pizza and hamburgers international and some nice comparable for sales for Costco for July Yes, and brick-and-mortar is rallying today Costco's doing good. I still like TJ X is not participating Which is maybe because it's clothing. I know there was an initiation of PVH is a buy I'd still think that TJ X is a good way, but I understand people want to own The some of the department stores and they really want to own Walmart, which is I think totally right Walmart and United Health I believe can lead the Dow Remember the Dow has been led by a narrow group of stocks this time It's Walmart new and age and you sit on squawk in the street Walmart could be a good competitor to Amazon Yes, Walmart has a great business and Walmart has a family backing the Walton family And they are I think willing to give Doug McMillan a lot of a rope to be able to not hang himself But compete against Amazon watch out for jet.com. I think that acquisition is going to work McMillan's very good at his job All right, so we have a jobs report on Friday economists are expecting 178,000 positions. Not really a consequential job number The unemployment slow in the country I Don't see the Fed. I was hoping the Fed would tighten in September just because I want them to get more normalized Janet Yellen taking her time She's taking her time because there's pockets of weakness in the economy principally the auto Watch even the semiconductors that go into auto. That's another part of what may be causing lamb to go down Autos are the weak part of this US economy. All right, Jim Kramer. We'll leave it there Thank you so much as always and for more information on the stocks that Jim just mentioned Please head back to the street calm