my mission is simple to make you money I'm here to level the playing field for all investors there's always a bu Market somewhere and I promise to help you find it may money Starts [Music] Now hey I'm Kramer welcome to M money welcome to CR America other my friends I'm just trying to save a little money my job is not just to entertain but to explain and teach you about days like today so call me at 1800 73c tweet me at Jim Cramer the action in the tene treasury speaks louder than words and that's my
takeaway from the day where Traders sold anything anything with an ounce of economic sensitivity because treasury yields plummeted almost out of nowhere sing that what could be a dramatically weaker economy ahead and that's how the Dallas s 495 points has to be plunged 1.37% and the NASDAQ plummeted 2.3% almost no sector is spared though including the resle of small cap in fact the Russell 20 got hit the worst down over 3% what a turn about it almost seemed like the death nail to last month's big trade I always tell you the bond market is much
bigger and much more powerful in the stock market bonds can call the tune in the stock market at pivotal times today was one of those pivotal times because the 10e treasury it's a very visible piece ofe of of paper to a lot of the big investors in the world and it Plum plummeted in yield crashing through the 4% level to 3.98% that's the loss has been since February I know it doesn't sound like much but it triggers a lot of other things why does it matter matter because the tenure is the sum of all of
our fears about the economy when the economy is too hot when inflation's roaring the tenure tells the tale and plummets and price sending yield soaring that's usually sign sign the Federal Reserve needs to reain in inflation by raising interest rates but you know what it can be bad too when rates fall when the tenure yield crumbles when it goes down very hard very fast that tells us the FED better get started cutting a darn rates in fact it makes them look ill advised for not cutting it yesterday's meeting and that's what caused this decline to
me today's terrible action stocks was a function of the FED not cutting rates yesterday at that Federal Open Market Committee meeting the slow down the economy the brown shoes as I call them has gotten much more palpable they've turned into Brown Fields with whole sector starting to lie yes both the 10year treasury and the echoing stock market are saying the same thing j pal you got this one wrong you should have moved yesterday September's too late the evidence is too Stark how did you miss it what were you listening to didn't they see the 10-year
treasury signal economic danger all right take a step back the fed's always fair game for criticism but I feel they never get enough credit for doing anything right I mean the second guessers will be shamed if we get a strong Employment Number tomorrow morning wasn't enough that jel said look they'll cut rates in September if the economy weakens Ching this fed feels like a mistake inflation seems so intractable for so long and now they've got it on the ropes plus the soft economy is brand new For Heaven's Sake last year at this time there was
almost Universal criticis ISM that the Fed was powerless to tame inflation was too embedded so I have better things to do with my time than landbased the FED chief for considerably letting the economy wither for a couple for seven more weeks of course pal wants to give it more time he lived through the 70s so did I when the FED would cut rates every time the economy started slowing then inflation would Roar back again he's a thoughtful considered man in a world of thoughtless traders who would do not get the consquences of moving too fast
to bring rates down while inflation is still kind of hanging around plus it's more than a little foggy out there The Slowdown isn't all that visible hey last night meta platforms reported an extraordinary quarter in large part because it's been able to uh to make its targeted advertising more efficient than ever advertising aimed at 3.27 billion daily average users holy cow active users I should say which is an up an astounding 7% year-over-year met is spending a huge amount to have enough computing power and CEO Mark Zuckerberg says he'll shell out maybe 10 times that
for the next generation of its large language model infrastructure because the opportunity is so enormous more on that later if the close City though we got the other side two other mag s players that didn't deliver Amazon uh well let's say the results were imperfect sales came in light despite real strength at Amazon web services earnings were better than expected so the revenue guidance was weak although they tend to always do the guiding very conservatively Amazon's got to keep spending on compute if only to keep up with alphabet and more important meta and Microsoft Apple
though put a clean top and bottom line Beat despite severe weakness in China Market's so negative on Tech they're not going to give Apple the benefit of the doubt they never do of course we got another story from other tech companies I interviewed Rene hos CEO of arm Holdings the gigantic 7 conductor design company I did it this morning and he talked about there was weakness in the internet of things huh that's industrial Tech news reverberated throughout lots of tech including Micron down 7 half% Texas instrument's down 5% semu Capital Equipment giant lamb they put
a good quarter left people feeling a little bit queasy though and you know what after an historic run from 574 last October to 1,133 weeks ago well that that's how you get a 10% haircut then after to close Intel a company I've warned you again and again and again about including yesterday well they missed their quarter on all fronts and they suspended their dividend it is not safe Tech's been a Bastion of strength for so long but now that Bastion seems to be on the ropes too last night I talked about how there's been a
downt turnning discretionary spending this morning Wayfair Furniture reported a weekly than expected quarter and more important they said that this environment is like the Great Recession we've heard from the that refrain from RH is Gary Freeman his stuff's pretty expensive I mean Wayfair is every man J Pal doesn't care if RH hurts customers you can't afford it can't afford the customers but Wayfair much more bargain oriented and that means widespread pain the House of Pain travel's been one of the true bright SPS the economy but yesterday marot says it's seeing weakness in America I wouldn't
normally worry but today MGM Resort said it was concerned about flagging Advanced sales for its formula one rat remember that that was such a huge hit the rooms went for it went to absurd level and maybe that's what's happened that's why the stock's down 133% today you have to wonder if it's a big deal I don't know I call it disconcerting of course there are other signs of weakness that OB obvious China I mean one more horrendous state for anybody connected with China I measure the health of the Chinese economy by looking at the Baltic
Freight index which gives you shipping rates and they've now been down for 10 straight days you think China couldn't possibly be still so important important for Apple though and the Chinese economy let's let's say I don't know how it can get back on track I don't see it I'm sick tired of hearing there might be stimulus I've given up on that in large part because the Chinese Communist party doesn't seem to believe in the stimulus either sometimes I don't want to overthink this you can tell how much fear there is by looking at what's going
higher both Proctor and Gamble and Kimberly Clark reported really bad quarters and their stocks were acting as if both reported blowouts Abbot Labs lost a court suit last Friday where jury awarded the plane of $495 million as recompense for what the plane of claim was defective baby formula that caused a terrible infin illness that stocks up huge since then including about a 4% increase today you don't get that kind of action when the economy's humming these are all classic slowdown stocks bottom line here this is a suddenly a market that's given to Violent extremes it
keeps turning on different segments with the Vengeance while rewarding just a handful of others today was Tech's turn to get muled by the Bears and with Amazon's revenue Miss after the close the beat down could continue tomorrow although once again I think it's selling Apple down huge like it is tonight would be suboptimal decision making I need to go to Troy and Florida Troy hey Jim Kramer big fan I don't always agree with you but big fan I wanted to I'm glad you're a fan of the show well how can I help I wanted to
see what are your thoughts for the next 12 months for Ford Motor Company well I've got uh my own reservations about Ford I've decided to sell it for my travel trust uh they have failed to deliver what I expected them to do let's go to uh Abraham Abraham in Georgia abam AB hey J how are you oh great sorry if I mispronounced your name that's my bad but how can I help you said it right you said it right it's okay thank you I've been using I've been getting information from your uh show and it's
very helpful I'm really appreciate it I just need to know about this CRM sure and I really app I really appreciate those words today's a hard day because both apple and Amazon report I really want to try to do a good job for you and all our viewers it's just very very difficult I would I would say that U Salesforce we trim back a a little bit because I don't like Enterprise uh that's enterprise software but you know what at 240 is where I would probably say it's okay again to buy can I go to
Marcus in Oregon please Marcus hey Jim thanks so much love you on in the morning I'm looking for a shopping list the week after next is car week in Monteray which is like the biggest most expensive car show in the world okay think thinking about cars God I'd love to buy four because it's look pretty cheap but my favorites are still Ferrari and Tesla what do you think okay I I like Ferrari very much I think Tesla's much more now he's trying to feature Elon mus is trying to portray it frankly as a tech company
if it's a tech company then I think you can buy it right here and not worry about montere but I thank you for that information I didn't even know that myself let's go to Adam and Georgia please Adam Mr Jim what's going on dude I don't know tough night you're trying to understand Apple trying to understand Amazon trying to do a good job for you sometimes I don't feel like deliver I apologize but I'm doing my best the man I'm not the man today I'm not the man this is four times a year we had
these this one day and I cannot deliver what I'd like to do I cannot deliver the quality product I like to I'm sure I try I always try but it's very tough how can I help well we appreciate it all right check it out I've held Home Depot for 20 years rolling over my dividends the whole time and I was wondering is there anything I can do with that I think you just keep doing got 2.5% yield it's got a great balance sheet when the FED starts cutting rates people will start doing more transactions with
homes this stock trades on transactions of homes when rates go lower you get more transactions and that's why it's why a good stock to hold and Below 350 I would buy the stock look this Market has all of a sudden given us violent extremes today's Tech turned to feel the pain and given Amazon's revenue Miss after the bell and how no one really is going to care about whether Apple says things are fine could have some more pain tomorrow we make money tonight in today's tough tape there was a glimmer of green in the form
of cment I'm hearing how the company achieved record Revenue what lies ahead for the CEO and for the power part of the business which is really important then chavel trust stock next tracker reported after the close and I'm running through the numbers with the company's top PR I like it and in times of uncertainty like we saw today I like to visit some old school themes so I'm checking in with the best gold miner there is which is a nio eagle to see where the state of the precious metal stands so on a tough day
stay with [Music] [Applause] [Music] crram don't miss a second of Mad Money follow at Jim Kramer on X have a question tweet Kramer # mad mentions send Jim an email to madmoney cnbc.com or give us a call at 1800 743 CNBC miss something head to madm money. cnbc.com [Music] even on a heinous day for the averagers including the Industrials off a week manufacturing PMI number there were still companies that managed to Buck the trend take cumins the only one of my faves the maker of truck engines and Power Solutions which sort to a new all-time
high today on Lake of a blowout quarter the stock finished the day up nearly 5% but on any of the day I think I think it would be up like 10% see Cummins posted an enormous Revenue beat with a company earning $526 per share W Street was only looking for for $483 on top of that management raised their full year Revenue in ebit do margin forecast it was a classic beaten raise people hence the rally how they pull this one off how can cumins toy a squirly economic environment and a soft market for Freight and
Class A trucks let's go straight to the CHS with Jennifer Rumsey she's the chair and Co of cumins hear more about the quarter what comes next M Rumsey welcome back to man money thanks Jim great to be back with you okay I've got to tell you it was a shock uh the numbers were so much better than uh the companies that you sh to how is that possible how do you do that well as you noted we had a really strong beat in our second quarter earnings call earlier today record revenue for the company in
the second quarter you know really there's a few factors driving it our products are performing really well out in the field we've been able to take capacity up in some of the places that we've we've had some Supply constraints and meet the demand and and the heavy duty Market has held up for us in the back of that second quarter we had record revenue and uh buildings uh build rates out of our Jamestown engine plant but other markets are really strong for us as well medium duty on Highway truck the pickup truck business and you
know one of the standout performers for us was our Power Systems business where we're we're seeing really strong demand uh and power generation on the back of data center customer demand and and other critical infrastructure backup power I I think you guys are doing a remarkable job and what you're doing I also like is you're taking some of these profits and you're putting them in a lot of new technologies I think people have often said to me why are we lagging in batteries technology I think you're going to close the gap with what you're doing
correct yeah I mean really it's a very exciting time for Cummins while our business is changing our industry is changing our destination zero strategy that's really our overarching strategy hasing us invest in advancing engine based Solutions and decarbonize those both higher efficiency Diesel and alate fuels but we're also investing as you noted in some of these zero emission Solutions as the markets start to adopt and as we see customer demand growing and there's EXC exting things happening on both sides of those we're investing at record levels of R&D uh across our business and we're also
in investing in manufacturing a billion dollars into our us manufacturing plants for our new Helm engine platforms and then also investments in battery cell uh with a new partnership amplify cell technology that we form with P car and Dio truck and bus and then in our own original uh plant here in Columbus Indiana where we're investing not only in the block and heads for those new engine platforms but also and electrified components in including battery packs so you know it's an exciting time and a lot going on and really our strategy is playing out for
us I think you got to explain Helm to people Helm in natural gas this is so exciting we are it's so great to hear what you're talking about because obviously you're doing better than a lot of your customers doing but you're also at The Cutting Edge of pretty much every you're agnostic about fuel right the great thing about our strategy is we have a range of solutions right we're watching how the Market is moving in some of these new technologies and investing at the right time for different applications there's not one solution that's going to
work for all of our customers and these zero emission Solutions still today the infrastructure to support them the cost of operating for the those for customers is a challenge so these Helm engine based Solutions Helm stands for high efficiency low emissions multi-fuel those are a really important part of growing our Core Business continuing to have best-in-class engine based Solutions and then for some of our customer they want to start moving to these alternate fuels so this month we're launching with packar the natural gas new 15 lit platform and and and we have customers that are
really interested in renewable natural gas as a way to meet their sustainability targets and that just so people know RNG actually is is that would that would help uh for scope three for decarbonizing for many of the big companies that like an Amazon that needs that kind of thing correct yeah Amazon Walmart you know there's a lot of big companies that have these sustainability goals and they're running business business so what's the most economic solution to meet their needs what what can provide the operating uh capability that their business needs and so that's what we're
really focused on for our customers let's talk about data centers for a second I know from some of the work that I do uh with with an alal rbn they put out really terrific stuff today which is that there are certain areas of the country just don't have enough power anymore and and if the uh data centers want to be there particularly actually in the Northeast Virginia they just don't have the power what can you do to ease the power problem for these data centers that desperately need to open up but the the gating factor
is power yeah exactly so we're seeing a lot of growth in data center as we all have a need for more data data storage AI gen AI this is a trend that I think is going to continue to happen and having power and having reliable power is critically important for these data data center applications so primarily what cumin is doing today is providing backup power in the form of our generator sets so that they can ensure that they have the power that they need uh when they need it and if the grid has any instability
or there's power outages you know that occur they ensure they have high up time for their customers okay so tell me about hydrogen which is my favorite fuel but we haven't had any success suddenly you're willing to be in it which I know is going to be very costly but it a lot of people say it's the ultimate fuel yeah you know we need hydrogen hydrogen has to be a part of the answer and the reason is you've got renewable energy that we need to convert into some kind of fuel transport and have it available
when we need it so hydrogen can provide that way to store renewable energy transport it to where you need to to to have that fuel secondly in certain applications like a heavyduty truck that's very weight sensitive is traveling across the country and has high power long range batteries are too expensive too heavy they just don't work for that application so we need hydrogen-based Solutions and we're investing today in uh hydrogen engine so we'll be able to burn hydrogen these Helm engine platforms and then also in in fuel cells I think this is going to be
a little bit farther out the reality is you know hydrogen is going to take some time to development but we're de we're advancing those Technologies and then of course we're also in electrolyzers for hydrogen production um and that's a business that we see developing sooner although it has slowed somewhat from from what we'd originally projected if you go back to our analyst Day in May we took up the guidance for the company overall in terms of Revenue in cash flow but we did lower expectations in 2030 for that acceler a business and raise them in
our Core Business just based on how this transition is playing out one last question I have I was listening to almost every single Trucking Company call and with the exception of one that actually just reported almost all of them have been talking about a freight recession I'm trying to figure out how to Jive what you've done which I used to think of you as a truck engine company with what they're saying and is there just some sort of Disconnect I don't get how you could have such a great quarter when they are saying things that
really aren't that positive yeah well first I mean c is a diverse business so we're in things besides heavy duty Trucking we are projecting heavy duty Trucking to be down for the year 7 to 12% predominantly in the second half so we we had that benefit of of back orders and strong demand and the product performing really well in the market and the applications like vocational there's been strong demand and Vocational where Cummins is a really strong player so that really benefited us through the first half we're projecting to be down 20% and the heav
heavy duty Market in the second half some of those other cumin markets so like medium duty uh and that power gen Market are going to stay strong for us it for us even into the second half of the year you've got the great Mosaic it's not like the old days really fantastic work I want to thank you Jennifer Rumsey chair and CEO of Cummins it's so good to have you on the show really great thank you thanks Jim B Bun's back here for the break coming up where does next tracker stand as the world races
to decarbonize Kramer's getting the latest on the impact from Washington the data center buildout housing market and more with the CEO [Music] next all year I've had my own next tracker a technology company that helps the solar industry operate more efficiently they allow your solar panels to rotate with the sun maximizing the power generation this is a stock that's nearly doubled from its IPO price early last year although lately it's pulled back from its highs as wall Street's turned against grow stocks but because next tracker is all about utility scale solar projects the stocks perform
much better than the other solar Place those were the ones that were dragged down by weakness and residential solar and that's why we bought the stock for the travel trust tonight next record reported yet another blowout quarter big Revenue be 29 Cent earnings speed off a 64 C basis only real negative is the management didn't raise their full year forecast for the current fiscal year and spoke about some new projects being delayed that could constrain earnings and that's why the stock got hit in after hours trading earlier today we checked in with Dan sugar he's
AKA sug as we call him around here the co-founder Co of next trer to get a better read on the results take a look sh congratulations and welcome back to M Money Jim thanks for having us back on the program well we're thrilled that you're here we know that uh this was another great set of numbers starting right at the top of 50% over a year-over-year revenue growth $100 million Topline beat what were the drivers here that made this happen well Jim we really are imizing our business annually and really seeking to always meet our
customer schedules and so uh strong prior bookings uh customers wanting material deliver we delivered and uh had a 50% growth year on year in our Top Line can you tell me and our viewers about the benefit of tax credits so they understand because obviously they're Bountiful I think you could do well without them but I do want people to understand how they work sure well we operate globally we're in over 40 countries today Jim and different countries have different uh tax regimes in the US there's a 30% investment tax credit that most of our customers
enjoy and that's really helped uh equalize the playing field because fossil fuels and and uh other ways to generate power receive their own benefits but we do know from what you've been saying to us at least by 2030 that solar will be so compelling that we don't really care what Nat gas does or what oil does it it's just going to be uh that much of a price differential because of the technology because of what you do you know it's really amazing how much cost reduction has been sustained in solar over the years uh to
give you a sense uh about 15 years ago we did the largest solar power system in the country then and that was over $7 a watt in that year and have come down by about a factor of 10 and it's because of the economies of mass production and the learning curve effect that solars enjoyed such an incredible cost reduction and that's why solar which is really a semiconductor technology is displacing traditional fossil fuels in the same way that computers replace typewriters and uh digital film or digital cameras replace film it's the same exact disruptive technology
so at the same time uh this is I think you demonstrated by your backlog which seems gigantic to me we did enjoy Jim this quarter an increase in our backlog and that was in the context of you know a very strong Revenue quarter so the fundamentals for solar have never been stronger because solar is the lowest cost way to generate power on most of the earth and so we've seen places that you wouldn't necessarily expect solar to be taking off for example in the US places like Indiana Michigan we're seeing solar projects in most of
the states across the us we're seeing solar projects in very strong and Latin America Australia Africa the Middle East India and so we're engaged next tracker in all these Market serving customers okay if that's the case then I do have to wonder why you're just reiterating your fouryear guidance uh this not this quarter is so big that I I I wouldn't guide up in my first quarter either and I know you do have an election coming up which could play a role but are you just being conservative because otherwise straight line this thing and you
would have to take your numbers up pretty big yeah our fiscal year is Young Jim and we're going into this uh the one thing that is true is it does take longer for projects to get fulfilled projects our experience don't die but sometimes it takes longer to get construction permit or to get permission to connect to the grid there's so many solar projects that have applied for Connection in the electrical grid if you look around uh the United States over 7,000 projects solar and solar plus energy story Pro Storage projects have applied to be connected
to the grid that represents 80% of what we call the interconnection queue so the utilities are are figuring out ways to streamline their process to evaluate these these applications and interconnect that's one of the largest uh uh factors in actually practically hooking up uh these projects so our customers projects can move in as they did to an extent this quarter that we just finished which is why we had such a strong quarter or in some cases they can take longer than anticipated and so going into this year we're uh that's that's how we decided to
reiterate our gu understood now uh there are a lot of people who don't understand you talked about the vectors what could matter what do you think is the sensitivity of your business to interest rates we know the residential turned out to be a turned out to be an interest rate play No One thought that but your company is not as directly impacted by rates right well utility scale solar and thank you for differentiating that in your opening comments has really powered on and is doing extremely well as a category but I'm glad you pointed that
out the economics of solar are the number one factor that can help drive more utility scale solar solar are lower interest rates and so because with renewable energy like solar and wind most of the cost over life the project is right up front and that gets amortized out there's no fuel maintenance is very very low in a as a cost item so uh we're hopeful that the FED does lower rates we saw some uh promising signals to that yesterday but we'll we'll let the government do its jobs but we're hopeful that rates do start to
come back down and that would be a very strong help to utility scale solar as a category and for next tracker well excellent that's what we wanted to know and uh I it is a pleasure have you on Suge uh and obviously this is just still one more very good quarter uh thank you for coming on to May money thanks a lot Jim absolutely that's Dan sugar founder and Co of next tracker stock that we own for the travel trust you obviously know I like very much man pack coming up ago Eagles shiny quarter beat
analyst expectations Kramer got the CEO to dig deeper into the numbers and get an outlook for gold [Music] next this parking's gotten so crazy that you may have missed it when the price of gold briefly broke out above $2500 an ounce today that's an all-time high and that means it's time to check in with some of the gold miners like ago Eagle mines was reported last night these guys delivered a solid quarter with better than expected production lower than expected cost which is exactly what you want from a gold miner it led to the third
straight quarter of record cash flow yet despite these impressive numbers the stock still fell 1.5% today oh I think that's mainly because it was up 45% for the year going into the quarter and people were looking for any excuse to maybe take a little profit let's check in and get a closer look with Amar Al jundi he is the president CE of one of the great performing M companies of our era agnico Eagle M Sil more Mr Al jundi welcome to man good to see you thank you Jim longtime fan great to be on your
show thank you thank you I love your company because it makes the numbers it gives back in a dividend and there are no surprises isn't that really what we want out of a gold miner these days that's exactly right that's uh we like to consider ourselves the uh sleep well at night Gold stock well I think that people have to understand that there are a lot of things that can go wrong with gold a lot of mistakes and yet what you've been able to do is keep your cost down the differential between what you're able
to get in the gold market versus uh what you're at what it costs All In is probably one of the biggest uh increases I've ever seen of any minor yeah you know what uh if you take our cash cost and you add on top of that the sustaining Capital gym uh our margin still over 50% so that's fantastic we generated over $500 million of free cash flow this quarter alone so will you take some of that money and go into what this sounds like one of the best mines in the world a detour Lake Mines
which is in a very safe area of Northeastern Ontario it it is absolutely one of the best mines in the world we we are planning uh to get detour to over a million ounces a year uh Jim that is one of the top five gold mines in the world and when you look at the jurisdiction um it's it is arguably the best gold mine in the world now how about upper Beaver another one that you're highlighting that sounds like it could be very big upper Beaver is a is a great mine it's in our backyard
it's a it's it's not a complex mine it's a very lowcost mine uh when we bring it in it'll have cash costs below $600 and all in sustaining cost with capital about 750 so so the margin on that uh is is pushing 65 70% uh uh based on our forecast and compared to spot price well that's fantastic we're gold bugs I've been a gold bug forever and Costco uh did something really fabulous they let us buy gold and not you don't jack it up and the the demand you you couldn't get it it was every
single morning it was gone the desire to have gold may be much bigger I think than desire to have crypto at these levels are you seeing that that maybe at last people realize that you can't it's really hard to find gold it's not like every year you find 10% more gold than there was the year before you know what all of all of the mining companies combined globally we had about 2% that's it and and you know I I got in this business gym and I have been a longtime fan and you have been a
longtime supporter of gold I got in this business in 1999 gold was $280 it's up as you mentioned by a factor of nine and people have hated it all the way up but it's been a fantastic performer and uh it's been a fantastic performer for probably some bad reasons right government expenditures um you know we can go on and on but all the things that moved gold in my opinion from $280 $2500 they're still there and and they're going to continue to still be there I think you're too modest sir because one of the reasons
why gold has done so poor gold companies have done so poorly while gold is gone up is that a lot of them just overpromise and then they underd deliver maybe because they're in different places or they misjudge the labor cost they they misjudge the electricity cost they misjudge covid they misjudge jurisdictions you don't have any of those problems have you just deliberately just say listen we're only going to go in areas where we have total control all the costs yeah that's it you well you know you nailed it you nailed it with the word misjudge
it's frankly you look it's it's hard to uh it's hard to go into tough jurisdictions on the top of a mountain range in a place you've never been before and make solid predictions the difference with ago Eagle is we don't do that we don't consider ourselves a global Mining Company we understand the logic behind that but that's not us what we are Jim is a regional uh uh Mining Company we go into regions that uh of course have geologic potential for multiple mines over multiple decades but importantly we only go into regions where there's the
political stability to actually operate multiple mines for multiple decades and so when we are giving guidance uh we're giving guidance about projects in our backyard where we've been operating for decades you know you mentioned detour uh you know that mine's been around since the 80s you mentioned upper Beaver we're going to build it that's in our backyard you know we've known about that asset for decades so um you're exactly right it's it's we we've had a better track record of delivering but I have a huge Advantage versus many of my peers which is we operate
in regions we know well and and usually when I get information uh I have a big uh uh advantage in in the accuracy of that information frankly well then you might be able to help me with a a prediction I usually don't ask the miners to do is not fair but I mean do you think in with the way things are going with the budget deficit in the United States the way things are going with the actual demand to want the the metal that it can just continue to outperform here and continue to go higher
I you know I I I'm going to say something a bit odd uh I'm 100% sure it'll go higher I don't know where it's going to go I know that's a strange thing to say I don't know where it's going to be next month I don't know where it's going to be in six months but all of the reasons gold has gone up over the last 25 years uh by a factor of nine a government spending um uh uncertainty people wanting to put their money in safe places add to that now central banks around the
world thinking hold on a second I'm buying all these US dollars in a case I need it for liquidity but I can be out of the Swift system in 24 hours um these are not good things uh but they are constructive for gold and uh as as the CEO of a gold company uh I'm constructive on gold ironically for bad reasons no I think you got you're you're literally sitting on a gold mine sir thank you thank you very much I totally agree with doing everything and you know that that's Mar Al Juni the president
of ago Eagle mines which is the best gold miner in the world thank you sir thank you mone's back after the break coming up pop open those umbrellas and tee up your toughest questions Kramer takes on all comers in the lightning round [Music] next it is time Christmas tell question time I st play and then the lightning round is over are you ready ski daddy time the light round let's go to ch Kentucky Jeff yes booah wondering what your take was on well on well well Wells Fargo Okay Wells Fargo you know that Jeff marks
and I we literally discussed pulling the trigger today and buying some wells and stand way too much from what we sold stuff but we don't want to play that hedge fun game I think wells should be bought right here Jerry in Missouri Jerry hey Jim thanks for taking my call absolutely what's going on I want to thank your staff for getting me on the call today absolutely they're fantastic my stock is I want to know if uh my stock is going to rebound to his previous levels or if it's just going to be a Battleground
stock forever I'm asking about crowd strike okay I think it'll be a Battleground St I want to say forever and the reason I say that is because Sentinel one toer weart who I welcome on the show if come on just had some horrible things to say about its competitor crowd strike and it drove the stock down to another level so I want to wait till that clears up before I would wait in let's go to Scott in Connecticut Scott B big old booah Jim long here I remember watching you on the television in My Father's
office as a teenager and now I'm watching you for advice on my own portfolio and you're still doing it it's incredible yeah I me when your grandkids are going to watch a show to the love it I'm going to change it up a little bit maybe do a longer lighting round how can I help my question is on as space Mobile stock ticker ests I bought in at $453 the stock is literally rock it up to 20 and man you got Horse Sense here's what I would do tomorrow morning take out your cost basis and
let the rest run and that way you can you'll never give back anything that's the way to play it let's go to Ian in Florida Ian booah Jim booah greetings from sunny Florida okay uh third time caller and a very happy investing Club member want to thank you for the great advice you very much thank you really appreciate it really appreciate it um Jim I got a question about a ticker that is um kind of at part of the semiconductor trade uh good numbers very profitable and pretty much everyone has to go to them to
want to do semiconductors but there's a lot of geopolitical risk with it um the ticker symbol is TSM Taiwan semi Taiwan semi there is political risk I am not going to overlook the political risk but I can tell you it's a great company I do think that we when all the Smoke Clears that Nvidia will have a lower price Journeys ble and you should buy Nvidia instead of Taiwan semi let's go to Tim in Michigan Tim hey Jim I wanted to know your opinion on Tyler Technologies right now it's a very very good company Management
Solutions company and I have explored this company nine ways to Sunday and have never pulled the trigger and that is my bad it's a really good company with a a stellar reputation let's go to Brian in New York Brian yes hey Jim how are you I am good how are you good everything's good here all right what's up I'm uh looking at the CX call sign is CX wow that's a dice roll I got to tell you I don't I have no conviction in that company whatsoever right now I'm sorry I'd like to back it
but it's a dice roll let's go to Paul in Connecticut Paul hi Jim luming Technologies the stock price has gone parabolic in the last three days when we take it when we see parabolic moves we cut our position in half and let the rest run that's what you're going to do tomorrow morning and that ladies and gentlemen to conclude of the lightning round the lightning route is sponsored by Charles Schwab coming up meta AI spend wait on the stock after earnings but could what the market overlooks today transform the world tomorrow Kramer is giving his
take next [Music] buzz kill I'm talking about the total wet blanket that fell on meta platforms that reported a truly remarkable corar last night it's easy tol look the artist formly known as Facebook as an outlier a company with the Good Fortune have more than 3.2 billion users across its family of apps with that many eyeballs it's pretty hard not to make a lot of money isn't it okay that's true but there's a lot more going on here including the first example I've heard of a company using artificial intelligence at scale to do something that's
visible valuable and obviously useful that saves companies money Mark Zuckerberg out of nowhere has unveiled a service meta AI the challenging incumbents chat GPT Gemini and Claude 3 for the best AI chatbot service given that it's linked to meta's family of apps it's incredibly easy to use you can toggle back and forth very easily even on your cell phone if you compare questions and answers I think it's authoritative and easy to use compared to the others but more important it looks like Zuckerberg spending a lot of money and I mean a huge amount to install
video wherever it might be best used perhaps embedded in meta AI video is key it's sticky it's loved by users and advertisers just can't get enough of it here's how zukerberg described this use case straight from the conference call and I'm quoting it used to be that advertisers came to us with a specific audience they wanted to reach like a certain age group geography of Interest he goes on to say eventually we got to the point where our ad system could better predict who would be interested in the advert the then the advertisers could themselves
right now the advertisers are still developing their own creative though zerber says that's going to change listen to this one quote advertisers will basically just be able to tell a business objective and a budget and we're going to do the rest for them end quote think of the implications the chief marketing officer of a consumer package goods company that spends hundreds of millions of dollars on Advertising with agencies each year will just cut out that middleman and tell meta directly what it wants and that's it send him a check go home be all the people
develop creative and place the ads unless we're about to automate Dand draer out of existence they'll be regarded as useless friction in no time I don't know how you beat that it's a terrific use case it's incredibly additive to earnings for any company that uses meta instead of the traditional ad agencies I point this out because if you didn't read the meta call and you looked at the Meltdown in the NASDAQ today you think that artificial intelligence is probably a gigantic joke a bubble that's clearly bursting but to me this is the first time I've
heard something concrete use case for AI that will most certainly change the world or at least the business World which is good enough I bet plenty of companies will stop advertising anywhere else except for meta it's got 3.2 billion users much larger than any television program and meta now has the machines to create and place Those ads too now the mega caps like meta are so big that they can do things real things and it doesn't even matter meta has these smart rayb bands that can post your pictures follow up on your thoughts with AI
you see some commotion in the street ask them what's happening at that address where you are and they'll come back with an answer esor luxotica the company that makes these sunglasses cannot keep up with the orders according to zukerberg for any other business that would be a big deal but for a member of the Magnus and 7 too small to move the needle I know that will remember today is a day where everything but the drug stocks and some other Staples rolled over because of the 10-year treasury like I mentioned at the top maybe we
should remember as the day when we learned that a whole gigantic industry is about to be turned upside down by AI nobody cares today I bet they'll care a lot a year from now when C's Vision becomes the reality I like to say there's always a bull market somewhere and I promise try to find it just for you right here on May money I'm Jim Kramer see you next time [Music] [Applause] all opinions expressed by Jim Kramer on this podcast are solely Kramer's opinions and do not reflect the opinions of CNBC NBC Universal or their
parent company or Affiliates and may have been previously disseminated by Kramer on television radio internet or another medium you should not treat any opinion expressed by Jim Kramer as a specific inducement to make a particular investment or follow a particular strategy but only as an expression of his opinion Kramer's opinions are based upon information he considers reliable but neither CNBC or its Affiliates and or subsidiaries warrant its completeness or accuracy and it should not be relied upon as such to view the full Mad Money disclaimer please visit cnbc.com madmoney disclaimer
