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good Monday morning everyone we are on the floor of the New York Stock Exchange with Jim Cramer to talk about the markets and Jim let's begin with Merck CEO Ken Frazier stepping down from Trump's Business Council everybody has a right to speak to mine the president has a right speakers Mya Mercs CEOs biggest miner mr.
Fraser is known as someone who was held lying on drugs by not overhyping his drugs he could have much bigger sales of kete ruda so I certainly applaud mr. Fraser for speaking his mind I think mr. Trump had every right to be saying hey listen you know that that's not what I wanted that's certainly right I would not have done he's going out of couch prices because that's not the mr.
Fraser's way so I think that people can agree to disagree without name-calling now you can say well wait a second phrase your name called Trump but you know I I can just tell you that if you look at the drug industry mr. Fraser is kind of renowned as someone who is not hyped his drug so he could have more sales and so I would hit him for anything but not that one why aren't we seeing farmer stocks drop on that Trump treat about ripoff prices well because he's not done anything along those lines and but I'd like to every vice president pencil miss he's very close to you I Louie that an action alert name because the presidents Park has been worse than his bite now maybe suddenly he turns on the industry because of mr.
Fraser you know that's part of its do you think we'll see more CEOs depart from Trump Business Council I think it's if there's measures of conscience yes because there were people who weren't happy with green house and look he's a man you put together manufacturing council and there are people who have many different constituencies and mr.
Fraser as different constituencies and he can't just be his only now you could say well listen his constituency like the Marines his country and but I think that mr. Fraser would say my constituencies country too and my view of the country is different from the but these are tricky issues because we're not used to seeing retribution so quick as opposed to I understand what mr.
Fraser says and I wish him well but that's not there are presidents style and I think we all know that when you take a stand against the president you should expect a harsh retribution that's the way he is and you know when you throw your lot in with the president and you know disagree with in you disagree the president I expect that you're gonna get hammered so I think everybody on the castle should recognize that they can get hammered if they leave that that's kind of his way and we have to get used to his way that's what I'm said we have to get used to it I mean mr.
Fraser I think when he left I think he had to expect it it wouldn't just be I wish you well because that's something the president's way he's a different kind of president our Jim let's move on to the markets the Dow is back near 22,000 can you explain this market rebound well I mean you know a lot of the sell-off was because some people came on air were very been bearish and CBC a lot of the sell-off was because there were people who expected that there could be nuclear war I think that what happened is is that the Chinese showed their true colors which is if you attack North Korea you attack us not unlike in 1951 and I think there was a genuine recognition that who the Chinese are they've always been the same they've always been the principal backer of North Korea I don't I never understood why people don't understand that because there's never been a moment in history that there's been any distance between North Korea and China and General MacArthur thought there was he was fired for and Jim I saw on your real money column you you talked about the importance of listening to yourself explain that for us I mean I just think that before you when you look at the long run of a Netflix or an apple or a Facebook and people say well why didn't I have that and the answer is is because they're usually scared out of stocks now some of them just made so much money that they took money off the table and there's never anything moment taking a profit but I think that there's a there's a level of fear that can be stoked very reasonable but if you read my if you read confessions of a street addict I talked about who need to be responsible and the need to be able to say okay look just because a guy whether it's me but everybody else says it's time to get out remember they could change their mind and you have to do your own work because you're not going to find out if they change their mind so those who do what a money manager say whether it be to buy the banks then it turns out they sold the banks whether it be by many season and Macy's doesn't work 70 and it goes to 20 I think you just do your own work I favor index funds and I favor putting money index funds and cut each month in them when they really get hit in a given year you can put a couple of months to work then for Mad Money I think that you have to let that money ride as long as the story checks out but I understand III don't like see fear of losing money and Apple has kept people from owning Apple fear of Facebook I drop and suddenly has kept people from owning Facebook and I just think that fear of lists you know when you hear a manager who's very fearful or is you know just saying listen maybe you're too complacent what I'm urging you to say is okay we'll listen maybe I am complacent your term but I have a faith in a company and management and so therefore I side more with Warren Buffett who's an index fund aficionado then I do with mr.
parks speaking of reasons to buy stocks on this Monday on walking the street you highlighted VMware VMware pre-announce better inspector let's also talk about Bitcoin crossing 4,000 any thoughts there well that bitcoin is its soui generous I mean what bitcoin does is not fathomable for me I came out on The Good Wife and said Bitcoin should be bought at 200 and I'm one record who else said that should be bought at 200 I don't think anybody did and I wouldn't have said it if I didn't agree with it what a call that was yeah I said I'll cash reason I didn't have to say but you did and we're glad you did you know I get royalties all the time for when it runs so Jim is this gonna help NVIDIA which had to ID actually talked about it AMD would not give it any credit Nvidia I think cuz it's you know so it's a big use of Nvidia there are people who said Nvidia is not connected with Bitcoin and they just said they were on the conference call there's a lot of disinformation about about these crypto currencies but uh Nvidia directly related some of the strengths in the quarter of which it was great you should read our John so here's the best on it to to crypto currencies are Jim you mentioned Netflix earlier they've just hired a shonda rhimes from ABC if you go read Buster Cohen stuff and he did a lot of stuff on Netflix you have to go into the archives I hope you can call it up at Co en I think what you recognize is that Netflix what saw of Disney coming and has worked very hard to be able to develop programming in case others pull it's not essentially important as it used to be all right moving on Procter & Gamble taking a shot at Nelson Peltz yeah I mean they said his agenda is you know kind of selfish but his agenda is to have the stock go up so I would have picked III that's you know a wise way to attack anything Arjun will end as we always do with earnings to watch we have to retail names TJX and Home Depot well TGS has been acting terribly and we own a fraction alert Home Depot's been acting terribly I I think that they both have longer-term theses TJX if you listen to Macy's and you listen to JCPenney you know that they have a lot of merchandise they offloaded and that's usually very good for TJX and I think that that's you know a major focus I think that Home Depot stock has come down they're really levered to household formation less than they are levered to what Amazon may be doing alright Jim before we let you go you're wearing a red tie you made a lot of tomato sauce this weekend yes I had my whole family doing it and it's something that I really care about so our band a bunch of pictures and it is a great fun to cook with your whole family everybody has a job to do and I like you very much Jim Cramer thank you so much it's always already for more information on the stocks Jim mentioned please head back to this recom
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