 We are on the floor of the New York Stock Exchange with Jim Kramer to talk about the markets and Jim will begin with a non-public company Uber CEO stepping down. Yeah, you know what Travis had personal tragedy And I know that there are a lot of people who think that he is erratic. My friend Adam Lushinsky just wrote a Really interesting book about what whether he is he used the word a word I think that he had to break a lot of eggs to get to where he Where he is and to get uber where he is because there was a lot of resistance and you needed a Pioneer like him with a lot of arrows in his back in order to get where they are But you know what now they need an operator and while I think he is a great pioneer to get wherever you needed Where the company had to be they need someone who can Let's just say be less erratic and be more sensitive to the way Businesses done around the world. All right Ali Baba CEO Jack Ma telling David's favor that we need to fix globalization Yeah, I mean I think that Jack Ma offers an alternative look at globalization that creates a lot of jobs here now You could argue that He's being a little Naive that we can't really do those jobs, but I had wicks on last night. I have Adobe on tonight We had federal express say things today. There it is a global world if you're an entrepreneur It's a global world if you do apps. It's a global world if you're able to create Because you can do a fabulous website with wicks you can be able to do e-commerce with Adobe With a creative cloud. There are so many different ways to make money, but you need an idea I mean a lot of people were watching wicks last night said but I want to have a website Well, the problem is you have to have a product Product first right you have to have a product to sell you can't You don't need to do that. Yeah, right, right All right We should also point out that our own Brian Sazi is at the event covering Alibaba fantastic So we'll watch for his coverage. You mentioned Adobe and FedEx. Let's talk about those quarters Yeah, okay, Adobe was a remarkable quarter the market doesn't like tech right now And when the smoke clears they'll come back and say that any company could grow 27% that it's the size of Adobe is rather remarkable Adobe's hitting in all cylinders. They're doing great in Germany doing great in Japan They've got a bunch of different concept clouds that are all really really terrific And I would point out that Shantanu Narayan is really one of the great pioneers himself and that he's got a business that makes it so that you can do e-commerce and You know 90 million photos and you design your site design your project design anything you want And the big companies have to use Adobe and the big companies when they want to do E-commerce they have to go to Adobe. It's almost like they have a hammerlock on the business I mean we'll be watching your interview tonight. I'm Mad Money. Thank you. Thank you And you know Red Hat another one today I've got tonight Red Hat had spectacular growth a huge reacceleration of growth with some new products that are bigger gross markets and any more reactions to FedEx's quarter You know look FedEx look again the market is bad. Okay. If market was great now the market is bad FedEx's quarter was excellent people are looking at stocks and deciding that a stock was bad I've seen this time and again when you get a stock that goes down People say maybe the quarter wasn't so good because they haven't done the homework FedEx and raised numbers FedEx Has to spend a lot of money because they have so much demand high quality problem FedEx is another part Look at this pastiche. You have Wix you don't design the site. You have Adobe you can do e-commerce You have FedEx you can send it wherever you are Jack Ma's right We just need that people with a little higher skills to be able to make things that we all want around the world Not everyone's an entrepreneur What did you make of the Bank of America downgrade of Intel? You know the Intel problem is it's being squeezed by Nvidia for artificial intelligence. It's also being They have their own artificial intelligence platform and AMD's got better chips right now in terms of speed and graphical user interface Graphic user interfaces used for crypto mining. That's Crypto mining obviously is you're talking about ether and you're talking about Bitcoin It's used for gaming. So AMD's got sex appeal now. Remember Intel bought mobile. I Mobilized very smart company. Not a lot of people but paid a lot of money. That's an autonomous carplay. These are Intel's being buffeted there are times when Intel's been buffeted before I want to see what Brian Krozenich comes back with I do not think that you should write off Intel. I do think that AMD is more pizzazz I think Nvidia is more pizzazz. I've been trying to get people to understand pizzazz Can be a two-edged sword? Nvidia can go down not just up and that's when you buy it not when it's running And you're getting so much attention from your dog. Who's now Everest in video? Yeah, I just I use that as an analogy to be able to say let's not get silly like AMD for instance is up 30% Very quickly now what I point out is that AMD was down 30% very quickly and I just don't want people to get hurt now people on Twitter Naturally think therefore I'm shorting these stocks. I can't short or I'm in league with the shorts You know what nonsense I think AMD is going to go up over time. Well, I think Nvidia is a very big stock I have compared it to Intel in the 90s. So give me a break I am just saying that you buy these things when the market gives you sell-off. You don't chase them That's all I'm saying when the market gives you sell-off You don't chase them if you were to buy some Nvidia now leave room for more Nvidia later That's how we do it in action alerts. That's what I was suggesting. All right, Jim You had a fabulous interview with the IBM CEO on mad money last night. Thank you Well, can Jenny Mermetti is in a tough spot. She has tremendous cloud-based profit possibilities although their cloud is more Proprietary to them and then Amazon or Microsoft or or alphabet problem is those are you vicious competitors? And that's what Warren Buffett was worried about. He likes companies that have moats IBM is less of a mode IBM is moving into these new strategic impoverished for as quickly as it can But it also has an incumbent business that is falling off rather rather rapidly It has a 4% yield. It has great cash flow It can maintain and raise that dividend as she emphasized the company has reinvented multiple times It can reinvent again, and that's how you have to look at IBM When is the inflection point? I'm not sure. Will Jenny Rometti be up when the stock is down Since she took over including difference versus a lot of other companies But I think she got a bad hand versus where technology was going and she's moving as rapidly she can to where it has to be She tries she's trying to be Gretzky. She's trying to skate ahead but the one trying to you know place the puck where it should be but the problem is Amazon Microsoft alphabet what competitors and speaking of Amazon there's a report by Goldman Sachs saying Nike could start selling You know immediately what happens is people sell Footlocker and people sell Dix. That's the way it is I can't stop that. That's what happens right now We are in the grips of anything that Amazon even glances at is going to be trashed and I don't know what to say I think that it's overdone, but we bought TJX yesterday for action alerts and what and what has that done for us? So I just say longer term. We're going to shake things out. I think Nordstrom is going to get a buyout I do think the TJX is cheap. Nobody cares right now This is the exact opposite of NVIDIA everyone wants to be an NVIDIA and AMD right? No one wants to be in the potential winners the TJX Wall Street Journal Susie and cabinet great reporter started You know was one of our original at the street. I like to buy them when they're not hot and sell them when they're red hot That does not mean that if you buy NVIDIA now, it won't go up over time It's just that my experiences with retail investors as they'll say why did Kramer put me an NVIDIA? I'm trying to avoid that. I want to do it at the right time if you own some leave room Send to you with AMD all right Jim will end as we always do with earnings to watch are you expecting anything from Carnival Carnival is great The travel leisure stocks have done very very well here of late I think Carnival will deliver a good quarter and it really helps it oils down That's a great thing that oils down for them all right Jim in just about 45 minutes You're going to be sitting down with Ken Fisher right for a live stream, right? And we're going to talk about retirement planning. We're talking about investing. We're talking about the active versus passive I've known Ken for years and years and years. He's why I started writing about the market So he's one of the guys I really respected in this market more than anybody did predict that Trump is going to win He's got a lot of good ideas and you want to stay tuned all right That's on the street comm 11 a.m. Eastern today Jim. Thank you so much you