 All right stocks taking ahead as tensions with North Korea rise We're on the floor of the New York Stock Exchange with Jim Kramer Jim Are there certain stocks we should be watching with North Korea? Well, look, I think that that's an S&P cell program Happened at the opening. I take my comments from Tillerson not from the president Tillerson head of state tough guy I still am a believer that you have to keep your eye on the ball for earnings But have cash. We have a lot of cash for action alerts Not necessarily because of Korea. I see no good outcome there right now, but you there's been no out good outcome for since 1953 so let's Understand that all right. Let's talk about earnings big changes at Disney. They were pulling movies from Netflix Yeah, look, there's two Disney's there's long and short term the long term is they got the greatest characters the greatest properties The team parks are terrific They had to figure out a way to be able to deal with Millennials who don't take cable They had to figure out a way to make it so that they could monetize all the sports They have they have to figure a way to use BAM tech which they bought and they've done it It's just a you know, they've basically reset And all the Explications that we keep having and then they miss maybe out Maybe we don't have that anymore and that is going to put a floor on Disney stock The floor is not necessarily here, but I'm not backing away from long term short term They have to invest a ton, but what choice did they have they had to do it I mean this makes a lot of sense for them. They don't need to they don't need the money from Netflix They make a ton of money look to find back to you know a huge $10 billion of stock. They have a lot of cash They had control their own destiny more than people realize See we didn't feel anything about CBS doing its package Obviously ESPN is a huge amount of money to them But if they can continue to get paid for ESPN by the cable operators and also get paid another way over the top That makes sense. So I think Iger's doing the thing that he had to do But I also think that at the same time, I obviously when they had a hundred million subs They were doing better than doing now. Well, and I saw you alluded to this from real money is Bob Iger desperate Well, I mean, I think the problem with Iger is is that I Think that there was no choice because obviously desperation does not necessarily lead to Failure, I mean Tom Brady was probably desperate when they were down 28 to 3 and they want so I what I'm saying is don't count Iger Don't count Iger out. He's got a plan But the plan cannot be put in place overnight. How does this change your view of Netflix? And not really. I mean Netflix what did Netflix do they thought about how this is going to happen So they've been developing all of this content that really draws people now The only thing that I would be worried about is the Marvel comics The Marvel characters for Netflix are fabulous and those have been real winners If did notice Disney did not take those back it it took back Pixar and took back animation If it took Marvel back that really would have been more with Netflix and there was no word of Claire All right, let's move on to food Wendy's posting some nice comparable stores. There's a piece. There's didn't know that about it Burgers are Doing quite well. There's no price war anymore. If you sell burgers, you're doing good Jim What is your order at Wendy's? Look, I like that frosty. I like the frosty a lot, but that means you can't have the burger All right, let's also talk about price line nice beep but guidance Yeah, the guidance was actually I mean typically they have conservative guidance and I always say it's boilerplate This guidance was about weakness and ads About how mobile doesn't you know trip advisor, especially Another problematic situation that there's Airbnb, but they didn't mention it wasn't really the focus But I think it's looming If there's a lot more If you order on your cell phone, you don't make it they don't make as much money and there's an expedient price war So this time I'm saying let's walk away from price line for now You said take a breather on squawk a breather take a bit of a sparkly's term. I really liked it. Yeah, that was great All right, and also Mylon. I mean what happened there. It's terrible. Mylon's terrible. You know Mylon is just Teva Mylon Parago these companies are commodities and they're showing their true colors and you've got to stay away from them Alright Jim, we'll end as we always do with earnings to watch. We have Macy's and Coles. I think Coles is good I've been recommending Coles. It's just moved from 36 to 42, but I think Coles does as well But the fact is it moved Macy's This is a lower respect because they have cash flow to be able to pay back their debt And and dividend and they're closing on a performing stores That's a two down four up Not bad. Okay, and Jim on a squawk in the street You talked about McCormick and their equity offering that they did the deal at 90 It was a wildly oversubscribed the stock is down very big from where it was I think that the Franks French's deal is going to pay off for them I know they paid a huge amount of money four billion, but here you go. Yeah, they're doing the equity offering I I think Franks they can blow out I think Franks is on everybody's table now and that was much smarter particularly the millennial table a hot sauce The taste of change we know that from when I interview IFF people like hot Franks is now the preferred Just like Heinz was always on our table Franks is always on a table when I went to the Eagles training camp What was on the table you catch up mustard Franks? Franks is right and the fact that that deal was wildly over described the stocks up big What does that tell you the people agree with me? All right, and Jim before we end we have your actual Earth's plus conference call at 11 30 I've got a lot to talk about you know the two biggest ganners in the S&P today our simmer X which is our oil and Ddx Dxc, which is the our technology company. So we're coming in hot into the conference. All right, just about an hour from now tune in Jim Cramer Thank you so much