MAD MONEY 文字起こし 09JUN21 Thor CEO, Activision Blizzard CEO & Biohaven Pharma CEO

ジムクレイマーのMAD MONEYの文字起こしになります。米国株を英語学習を通じて投資したい方に向けて作りました。皆さんの反応を見て改善点や英語解説などい追加して行けたらと思います。とても有益な番組なのにジムの英語が難しくて悩んたのをきっかけにこのノートを作成しました。 聞き取れない部分もあるのでご了承ください。

是非MAD MONEYを聴きながら合わせてこのnoteをみれば、様々な州のアメリカ英語を聞くことでリスニング力を鍛えることが出来ると同時に、タイムリーな米国株投資情報を得ることができます。　イイネ！と思った方は投げ銭いただけると嬉しいです！

Mad Money w/ Jim Cramer - Thor CEO, Activision Blizzard CEO & Biohaven Pharma CEO on Stitcher

0:47
Cramer. Welcome to Mad Money. Welcome to K mark. That'd be one of my friends. I'm just trying to make you some money. My job is not just entertain, but to educate and teach. So call me at one 800 743 CNBC or tweet me at Jim Cramer. Let's see 28 highly paid Wall Street analysts follow the stock of Wendy's. Most of them liked the stock very much and you know what they do? They pound the table aggressively after every good quarter. Those pushes have collectively meant very little though, with the stock loss than than the asthma recommendations and both tossed on the waves of the overall market. But today's date day with the Dow was 30 points s&p 2.02% Nasdaq rose point three 1% Wendy's Wendy's stock surged more than 25% and what positive posts on Wall Street that's the Red Hat Reddit that's already dti t if you want to follow it for Okay, you ready? I want you to forget to forget the analysts right now. Right now. The person in charge of Wendy's is Reddit user chosen day chosen day yeah I mean, chosen day CSR that's that's what is this man's in charge of this giant chain his chosen day. This guy explains on the site that the stocks are great, but why we thinks the chain it's got new summer salad. Incredibly savvy. He tweets particular that roast me thing that Wendy's is doing is fantastic. The roast beef thing? I don't know. I mean, I even wonder stock GameStop and Wendy's and a quote they've been sharing in the social media piece of metta pragmatic roasting. Is that like metallurgy isn't like a metaphysical pizza Academy. But they both follow each other that's what matters more important is kindness. Wendy's is quote literally the perfect stock for this sub. Why Wendy's chicken? Get this logic because this matters. Wendy's Chicken 10 Ds a merger between food and financial gain. Yeah, because she 10 ds is financial gain. And the nevermind Alright, so I said it's nice that Warren Buffett I mean, you know come on so he does have a big festival in Nebraska he is you chosen day now chosen day likes the short position to he says it's about 4% but according to him might be as high as 10% Well, that's wrong, but it doesn't matter. Then he throws in this quota. It's a good investment. Because of the salad. Okay, now with that in some other favorable nonnamous posts when the stock explodes higher, the pin action pulled up all the restaurant stocks me wingstop Domino's Brinker, Shake Shack, kind of uh, who's next for wall street bets affinity move. Alright, stop joke around. Now you have to keep joking around. What the heck is going on? Alright, welcome to the new world of Wall Street bet the small d democratic town sheet that's been able to move stocks left to right because its followers number in the millions. And right now this wrong punches above its weight because the marks so thinly traded this time of year. And it also because well, they're picking the right stocks. Now. We know what they've done with AMC, right? What that kind of move. That's the ones near bankrupt movie theater chain up 2014 97% your day. And with the hobble GameStop 1004 92% these games are so great that they become irresistible to those who want to try igniting a few more stocks. And they finally branched out while they've been working on that Blackberry, but now they got 138% bet Beth I 100 oh 7% 107% that would definitely aided by a massive short position. And a very real turnaround orchestrated by the terrific new magazine. They've also glommed on to some heavily shorted former spat clover health ripping I Nearly 86% today alone, it's a nice move. But when do you see Wendy's is different people?

5:10
stocks, you know, they're interesting, but you know the Wendy's is when Wendy's is an established company. It's one of my favorites is a frequent guest of Mad Money, or both its chairman Nelson Peltz a legendary activist investor or if you want to call them just a person who gets on boards and tries to help things like in this case, Todd pinegar, the CEO, we know he's done remarkable job turning the company around. We had him on many topics on the show recently, after the company reported nearly perfect quarter. We often joked about how terrific their social medias, they've highlighted my wife eating a juicy Baconator all over her core is her favorite sandwich. Now I've had the classic chicken sandwich and the jalapeno popper sandwich, but the summer salad has eluded me and maybe that's why I am not you chills knees are kunos cohort yet, despite the fact that Wendy's raises dividend on that quarter. And now since breakfast initiative is ahead of plan and raises for your forecast, it's not going down. Now talk about pounding the table. I was pounding the Wendy's countertop to buy the stock. I clearly had no impact. But no one was listening. Not one bit not at all. At least not as much as they listening to children day. Whoever the heck that is. And you know what? I love it. I really do. I love the whole thing. I love the whole meet mania. First. I mean, if you're on the stock, who cares what moves it higher? You just want it to go up right? If it's because some analyst raises numbers big or gigantic dividend booster takeover rumor, some guy on Reddit saying great things about summer salad, what's the difference? Second, so often stocks go higher after people push them even on TV. And then those same people they sell the stock. It's a classic pump and dump. But the experience I've seen with the Wall Street bet swung is the thing never sell even.

7:03
They just buy and buy and buy some more. I got a name for that. It's called honesty. The secret of their success is that the moves are so aggressive, the Wipeout any short sellers, you try to bet against them. Until it's wrong runs out of firepower like you did in January, you'd have to be crazy to short these stocks. The betters are essentially running pincer moves on the shorts. See they buy the common underneath, while also buying the out of the money calls. And the sellers of those calls, market makers are selling them short because they don't. There's no real way to hedge that. And that's the dirty little secret of how the shorts are so easily overrun. Now, the bets people they cut their teeth with GameStop names, heavily shorted stocks, but they seem to have gone away and then they made a comeback when the shorts foolishly created another opening. Now they're spreading their wings even into institutional favorites like Wendy's with a very low short position as art that Buffett rival chosen day said they don't care about the traditional metrics. They don't care about earnings per share projections. They like Wendy's for the tweets, the salad and the chicken tenders. Now I keep hearing from complainer's that these so called meme stocks are wildly overvalued, and sure the wildly overvalued by traditional metrics. So what these metrics matter, because everyone uses them. If enough people with enough money start valuing stocks a different way their new metrics matter to even if you think they're absurd, Hey, get this there was a time when a Rembrandt was a blue chip at Blue Chip, just a family rhetoric was it right? And Jasper Johns he was a couple of buckets on painful on a canvas. Maybe amcs. Jackson Pollock hit maybe game stops at glympse pexip, maybe, and YOLO. Or yo as we say in Philly, maybe fellow Philadelphia Adam, Aaron, the CEO of AMC can take advantage of the fact that real estate stocks are the strongest in the entire market. Those companies have a lot of empty space. What rieke wouldn't want a spanking new rent pay in cinema and the more I like the ones that give you the drinks in the movies tomorrow, and thornell dinner tomorrow GameStop reports. Given where the stock is trading Ryan Coleman, the chairman has a lot of flexibility. What if he announces that he's going to buy a series of video game companies with the stock and offer those games free to game stops 55 million power up rewards members. What if he announces a series of global competitions with winners paid and you bet cryptocurrencies? I don't know if that's even a good business plan. But it's got a ton of mean potential and that's what GameStop trades on trades trades on the south. Why not become the preeminent seller of Ethereum chipboards made by Nvidia which are currently the hottest thing being sold in retail right now. And a major reason for the semiconductor shortage. I could argue that the 55 million powerup rewards members could be worth billions, if harnessed correctly. Now I can hear somebody saying Kramer who they will be dumb enough to be paid overinflated shares of AMC or GameStop. Honestly, if the Wall Street bet strong keeps buying, they can keep doing secondary markets. They can pay with cash, there's a perception that this all has to end and it's going to come down to there's going to come a day blah, blah, blah. Okay, after all, we've seen this before it happened in January, then everything fell apart. And yeah, eventually the meme stocks will run out of steam. But for now, I think they're just getting started. Who knows, maybe we're in that, you know, post Impressionism period, you know, sees on stage going to Picasso, you take that correspondence course, like I did, and we take that bet. I think the turn is real. I've been behind it the whole way. Just like I've been behind Wendy's proclaiming that this comeback story deserves far more attention. Because CEO Mark tritton light pipe, by the way, late of target is engineering remarkable. rebranding, even as the 33% of the stock is sold short. Well, those are idiots who are 33, but those people are idiots, okay, because this is a recipe for short squeeze, which is exactly what's happening right now. So here's the bottom line. In 40 years, I have seen many a stock pushed higher by people with a totally vested interest offering specious arguments and bogus logic. Only that to have them dump the stock when the unsuspecting at least with the Wall Street bets people they have no heirs. I mean, if man candies Yes, not kidding. That's one of the people he uses our own logo. If man attendees falls in love with wingstop it's to the moon YOLO and you probably want to take it up word. Max in Maryland max. Booyah, Jimmy chill Yo, man chosen day chosen day, right?

11:24
Hey, Jim, longtime fan here. First time caller. My stock is described as a best in class innovator for in the crypto economy. I believe it's one of your favorite Woodstock. You know, caty boards their top 10 Holdings currently Oh, okay. And multiple investing houses have like, recommended the stock, you know, way above the IPO reference price of 250. dollars. I'm talking about coin base here.

11:57
Right? Remember, what I said was I didn't want people paying at price that was going to be where it was going to open. But Coinbase did come public, of course, just trashed for that. But it was where I didn't want people to pay I wanted to pay lower walk away. But here's what happened. It came public just when when Bitcoin peaked, and there really was, you know, they're basically one of the same. And that's what happened. It look if you own a stock and it goes higher. What What do you care about? What makes it go higher? You just want it to go up right? So I say Oh, aboard yours. I want some of these moves. Or maybe it's right. Is it game one for Activision Blizzard investors. I'm sitting down the CEO to find out what's ahead for the stock. Then I'm hitting the road with four after earnings to see if it could smooth out a ride for your portfolio. And good news for those of us suffering from migraine. And it could also be good news for your portfolio. I'll reveal it. So stay with chosen deck no Kramer.

13:01
Don't miss a second of Mad Money. Follow at Jim Cramer on Twitter. Have a question? Tweet, Cramer hashtag mad tweets, send Jim an email to Mad money@cnbc.com or give us a call at one 807 43 CNBC miss something head to Mad money.cnbc.com invest like a pro access CNBC live streams around the globe unparalleled access to CNBC experts actionable investor insight and ideas start your free trial today@cnbc.com slash Pro.

13:47
For years pushing video games is one of the great secular growth stories of our time. But there's one company that embodies the way the industry is heading. That's Activision Blizzard, and they will never I don't know never came on the show until today and I am darn excited about this. You know Activision Blizzard has Call of Duty, World of Warcraft, and dozens of other huge titles like candy crush. About two years ago, they made a conscious decision to change the way they do business. Rather than depending on episodic new releases. They shifted to an always one strategy where mobile games even free to play ones would keep users engaged between major new titles and keep them paying through in in game transactions. It's taking some time for investors to come around. But the strategy turned out to be a great one. And the stock is now surged from around $40, early 2019 to 96. Couldn't have more than to run on bednet Ken let's take a closer look with Bobby Kotick. He's the CEO of Activision Blizzard. Learn more about the strategy shift and the outgoing port. Bobby Kotick. Welcome your money. Yeah, thanks for having me. Well, Bobby, first of all, I have to tell you appreciate the opportunity. Of course, you have been You are the longest serving tech tech CEO in this country. 30 years, and it's killed me that you haven't come One because of what you've accomplished and what you've accomplished when people don't know this, this is important that if you over the last 20 years activities, total shareholder return, increased 4,040% s&p 396%. So you've been one step ahead almost the whole way. What have you done to constantly recreate Activision Blizzard?

15:23
That's a great question. You know, I think we've got an incredible team of people. And everybody is very focused on our customers and our players and making sure that we're always delivering the best content and that's fine. I actually, I was on the show. I think it was probably 20 years ago. You know, I think I met you. It was you were Kramer Berkowitz when I first met you, but do you remember? Yeah, you're right. No, it was in there. It was actually in dirt zips apartment. I think we met with Eddie Lampert. But, you know, it's always been this like maniacal focus on the customer. And yet today we have 425 million customers. So we have to really pay attention. But that's really been the I think the secret to the success.

16:16
The numbers, the sheer numbers of people who play your games, we're talking about hundreds of millions of people.

16:26
Yeah, hundreds of millions across 190 countries. You know, it's funny, I'm on the board of Coca Cola. And they always say that they operate in 204 countries. And whenever I come back, after a coke board meeting, I always say to our guys, we're missing 14 countries, we've got to figure out how to get into those other 14 countries. Well, you've

16:46
got the full panoply I've been I've got a guy on my staff who became an actual sharpshooter, in the Israeli defense for IDF because he was a champion called duty player. And then every night, my wife before she goes to bed, does Candy Crush. And I asked her, I said, Listen, I'm seeing Bobby cook tonight. Why? And she said something because she goes, I don't think of anything. When I play, it clears my head. So you've got one piece of people who are totally concentrated on on whatever they have to do to win in a call of duty. But you do have this other cohort and largely women I believe, who have embraced Candy Crush. How did you figure out that this curious admixture of products?

17:30
Well, look, you know what I think we look at the universe and say, Alright, there's billions of potential customers, how do we make sure that we get as many of those customers as we possibly can. And in the case of candy crush, it's probably something like 130 million monthly active players who are between the ages of 25 and 45. But it's exactly as your wife describes it, it's like a moment of joy, you know, a moment of distraction, you know, gives you something that you can actually focus on that gets you out of the rigor of your daily life. And that's what people love so much about it with the games like Call of Duty, or our Blizzard games, those are more organized competition, and they're incredibly social. And that's one of the really big changes that's happened in the games business is that now, these games are the ways the way that you connect with people, you connect with friends, you have the ability to have much more of a social experience. And that's what I think is actually made the more interesting, more popular, more engaging.

18:29
Alright, the two things that you've done that I think set you apart. One is you took a pay cut, I don't think you had to because I care about how stock does, but you did. And the other is you donate a ton of money to veterans via the Call of Duty endowment. And I think these are important because that's what most of my friends who play call duty said you better mentioned that, because it's not mercenary, hip, this guy cares. Tell us about both.

18:56
So the pay cut, look, I've been doing this for 30 years, I own a lot of stock in the company, I don't come to work for my compensation. And our our Comp Committee goes out and they do a very good job of shareholder outreach. And over the last couple of years, I think there's been a change in the way that people like to see CEO compensation. So we just took the approach, go to the 25th percentile of our peer group, if that means a 50% pay cut. You know, I'm fine with that. And I think one of the things that was important about it is we're very performance focused culture, and salary isn't a performance based measure. So it was a very easy thing for me to say, when the Comp Committee said take a cut in your pay, that it actually reinforces the fact that we're very performance focused culture. So that wasn't that hard. The call of duty endowment. We founded it a little over 10 years ago. And I don't have to tell you the whole story, but I had gone to see the Secretary of Veterans Affairs at the time. And talk to him about something not related to this. And I didn't know that over the last 10 years, veterans in the United States had an almost three times less likely chance of finding a job than an ordinary citizen, you think about that you're going serving your country, you're making these huge sacrifices, you come back, and you're three times less likely to find a job. And there was a stigma that was associated with serving in Iraq or Afghanistan. And, you know, the game is a military simulation. It's rooted in a lot of the, you know, the history of the military. And so we really felt that one of the ways that we could really make a difference would be to actually use the profits of the game to help fund the the identification of opportunities for veterans for employment. And today, we've probably found over 80,000 jobs for veterans, but these are excellent jobs. They're not, you know, low paying jobs. They're high quality jobs. They're long tenured, our organizations are very focused on making sure that the HR departments of the companies that we place our veterans into, are adept at actually developing their talents and recognizing their talents. And so it's been probably the most rewarding thing I've ever been involved in, besides raising children. Right? Well, I

21:19
salute you for that, because it does matter. We try to get guests on and talk about these things because we want other people who aren't doing to learn from your example Bobby Kotick, CEO of Activision Blizzard, thank you for coming on the show. Jim, thanks for having me. I really appreciate it. Guys, this is a great stock. I know some people were saying listen, what happens when the pandemic ends? This is not that this is a secular growth stock. People have sampled this now and maybe taking work or are you just looking at my wife where she goes to sleep now she's playing this guy may have monies back to bring

21:52
this RV play make you a happy camper. We're talking about Bob Martin of Thor coming right?

22:02
invest like a pro access CNBC, his live streams around the globe, unparalleled access to CNBC experts actionable investor insight and ideas. start your free trial today@cnbc.com slash pro

22:22
What the heck has happened to the rv motorhome stocks like Thor industries th o oak, I'm a big believer in the great outdoors thesis in this part of it in particular should be red hot, the whole industry came into 2021 with very low inventories, giving them tremendous pricing power, because demand remains incredibly strong. But none of it seems to matter to this market. This morning for distribution Porter what I thought was spectacular quarter they gave us a 95 cent earnings beat off the 234 basis, their sales came in at just under 3.5 billion Wall Street was looking for about 3 million. We're talking about 105% revenue growth. Thor's backlog is up 550% year over year. These numbers are stunning and they're post pandemic. So it's not about some sort of worry about the end of the pandemic yet after opening slightly higher stock rollover finish day down more than 1%. We have to get to the bottom of this because it's just too crazy. Earlier today, we had a chance to speak to Bob Martin, the President and CEO of Thor industries in front of one of his company's beautiful machines here at CMC headquarters in Englewood Cliffs, New Jersey. Take a look. Bob, it's unbelievable to see you in person, you look fabulous. And for our viewers, the numbers are fabulous. And I want to know how is it possible? It's basically out of these machines. I've told my 14 billion in backlog it's not like till 2020 2023

23:46
on pretty much sold out for the next year really when you look at backlog and the secret is you look at our dealers inventory, which is virtually none. And a lot of what we have coming in are retail solds. So that is giving us Yeah, well, their customers have already bought them and they put them on order. So we have we have backlogs that are full of retail orders. So those will hit the dealer's lot and then leave. And so we're still not able to build inventory at our dealers lots.

24:16
Well Bob if that's the case, though, so many people who told me this is a COVID plan Once COVID is done, you're not going to sell any these are already wrong. You

24:25
know, for us, we never thought as a COVID play for us. COVID was you know something that drew a lot of people to the business, but the percentage wasn't that high. And for us we'd look at this really being what you turn, you know, years ago secular Yes, so this has brought younger buyers into the RV industry. And we're seeing it every day with small motorhomes like this Thor Delano, you know, down to our little entry level of 19 foot Springdale that you can get for less than $20,000 but it's all the way up to the big tiffin Integra motorhomes right now I

24:58
was inside earlier. I'm We're talking about handcrafted Italian. I'm talking about a Mercedes D will. And I'm talking schema and I'm talking about the fun that you and Amy driving on your 25th anniversary to come see us.

25:13
Well, you know what girl doesn't want to come see Jim Cramer on her 25th anniversary. So it is today is our date. But today was also earnings. And it was really important to get back to some normal feeling of an in person interview. I always like coming out here and doing that with you. So we drove this is our motorhome, we drove this from Indiana, through Ohio through Pennsylvania. And I forgot what a beautiful drive it is.

25:35
Well, let's talk about that. When you take the drive some people like to tow right, other people like to actually have the works. Yeah. Which are the most popular and which are the most popular with younger people because I've been seeing the average age of buyers come down maybe even considerably,

25:52
considerably. Right now, the US market is still about 80% travel trailer, fifth wheel, what we call total. And that's the majority of what we make Thor and

26:02
including Airstream, which is a lot of people younger people are so excited about Yeah,

26:06
so Airstream Jayco Keystone, we make many tobel brands, and 20% of motorized and motorized right now, in the US. It's becoming smaller. So it's, you know, the Ford Fiat chassis, or I'm sorry, the Fiat chassis, the Ford Transit, the Mercedes chassis, you see this growing in the retail stats by amazing numbers which are to these younger buyers.

26:33
Now also, there's a great secular story about minorities who have decided, you know what, welcome aboard, right. I mean, yeah, went in.

26:44
Yeah, did just yesterday, we were part of a coalition, that we don't invite everybody, right, this is, you know, inclusion is just great for the RV industry. Everybody needs to be able to go outside, enjoy the outside for their mental health, physical health. And so for us, we want to invite everybody to the RV industry into the outdoors.

27:04
You dominate this country, you've got a terrific factory in San cassiano. Italy. I don't do that because I've been there many times. Europe to

27:12
Europe to your Europe is as strong as the us right now. We have six factories in Germany, two or three in Italy, one in the UK. And as you know, lockdowns happened as they come off. People are still allowed to go use their campers, and they're buying them there. We're not even going to shows in Germany right now. We're selling them through the dealers. And it's incredible backlogs there as well. But people

27:38
are saying okay, well Jim, you didn't say why did they stop that? Did one a given day? Well, I know the stock was down from 150 in March now some of it we have the belief that these this part of of America what makes everything has gotten too expensive. That the that you're literally paying too much versus plan and that that might be hurting things?

28:00
Yeah, I mean, right now the costs are going up and the supply chains more difficult. But for us right now we would just or parts and parts in general it is it's COVID it's COVID Well, even the chips, the chips go on the chances. So a lot of things are affected due to the chip shortage, the deep freeze in Texas affected things. But those were all things that were part of this unbelievable quarter we just had, we had these challenges and our companies really rallied and they worked so hard to get the products out in high quality manner.

28:33
Right so my natural question is Why don't you double the darn price? I mean, people went in so much isn't Bob Martin not wanting to do that? I mean, what's going on? I Why not? Didn't Delano when I say listen, Jim I just raised it 50%

28:46
part of it for us. We want people to buy these and then trade up. Okay, we want them to buy you know, this is my seventh motorhome. We started as a normal you and I like the way the Brunswick model Yeah, the boat industry is doing the same thing. And people last year they were buying what they could get. And then they started ordering what they wanted. And right now we see this as a long term trend. And we get people in an entry level price mentor level product. They grow throughout their their lifetime, and people trade every three to five years. But right now we're seeing it a little bit quicker. And we see this for a long runway some of

29:27
it has to be cultural shift in America. Yeah, I mean, how much do people frankly not want to go to a box hotel No, rather go to a campground. Enjoy actually the the outside outdoors you spent a night less than outdoors. And just kind of this is the new travel leisure? No, I

29:43
mean for us we're seeing people they they feel safe. They feel like they can go anywhere. They can get up they can, they can change, you know the where they're gonna stay from night to night, but you always have your comforts of home. You know, we pulled into a QA and then Pennsylvania and We we were we had our home with us. Well, they don't have her own pillows, hetero linens, made dinner on our hotel. I

30:07
don't want those pillows anymore. I know I shouldn't be so superstitious. But yeah, I want my own. Exactly. And that's what you've created Bob Martin, CEO of Thor, Amy Morton, somewhere out there or a 20th anniversary. I'm going to violate every single rule. Now, I won't violate every single rule. But I you know, I thought your stock has been been cheap forever. And we've made a lot of money for viewers. And this stock should be at its 52 week high, which would be about almost 50%. You heard it here. All right. Thank you very much. Thank

30:37
you for coming up. Can a biotech stock be a safe haven for investors, Cramer checks in with biohaven fresh up a key FDA approval.

30:57
We can have go there was a major breakthrough for people like me who suffer from migraine biohaven pharmaceuticals, which makes an incredible acute migraine pill that I take myself newertech ODT got FDA approval to use that drug to prevent migraines. That is now the only drug that's been approved both to prevent migraines, and to stop them once you've got one. Now Bivens stock has been a real wild trader surged to 100 bucks to change this to ever then plunge into the low 60s. This spring is part of the rotation of course stocks. Just a few weeks ago, it was at 66. But thanks in part to the news, it surged back to the mid 90s that would mispriced if it were upside. This morning biohaven rang the opening bell in the New York Stock Exchange to celebrate so let's take a closer look with Dr. Vlad Couric, the CEO biohaven Pharmaceuticals for mu Dr. korath Welcome back to Mad Money.

31:45
Extended really appreciate you having us back

31:48
nice and flat, I wake up I go to my bar, you know, I go immediately to my apple, I look at the weather. And the weather says there's gonna be a thunderstorm in seven hours. So I know I have to take a nortek because I will get a migraine if I go because that's what happens. The barometric change, this idea of taking it ahead of time has got to be just as big as take hit when you get one.

32:14
gem This is the monumental approval for biohaven and patients with migraine because as you've described it, people know what their triggers are. And they're looking for something that they can actually prevent a migraine from coming on and not disabling their lives. And as you you know, aptly described it, you know, you can identify when it's going to come and take something now and we can now say you know the neurotech. odt is approved for the preventative treatment of migrant why it's important,

32:44
I did not take it preventatively until gotta prove I can't I usually take it five minutes into one. And it gets it gets better on its own. But why ever get one now? I am lucky. I am the the chief spokesperson for the American migraine foundation. I do a lot of work on this. But I read about the national hitting foundation survey. And Doc 67% of people with migraine who have tried are currently taking preventive feel like they're chasing an unreachable goal. You and I both know that not only is it reasonable, but it's in hand.

33:15
Absolutely, Jim and we've been working on this for years to deliver this disruptive treatment that for the first time one pill can be used for the acute treatment, and then also to prevent your next episode. And look, I've been practicing medicine for 25 years. And this is the first time we have a single migraine medication that can do both of these things. And this is going to change the paradigm in which migraine is treated, Jim. But what's

33:43
incredible doc is I was with someone this weekend, they said you know that Whoopi Goldberg has migraine. And do you know that there's something to take? And I was like, I mean, I could not believe I'm so clear again, if I were the cause you've been on a number of times. We are so nowhere in terms of getting the word out.

34:02
Well, thanks to you as a spokesperson, the American migraine foundation and Whoopi Goldberg and Chloe Kardashian and hundreds of our patients. We are using the patient voice to inform people about this new treatment. And they have waited for too long for this and it's finally here. Patients for years have demanded better treatments and I'm really pleased and proud of the biohaven team that has delivered this new one treatment that now patients can customize for acute or preventative care.

34:30
He said I've always been focused on migraine because I think obviously there are 40 million sufferers and majority you know, a percentage majority women are over indexed in minority so incredibly important to get the word out. I have not asked you about how the ALS studies going. You got something for OCD and for multiple system atrophy I actually hadn't thought that I don't care about those but it's so monumental what you've accomplished in migraine, but give me a read on some of those others

34:58
because they are in trial. Jim, we have a deep pipeline in neuroscience and what we've delivered for migraine patients we want to deliver for other patients with neurologic and psychiatric disorders. Our recruitment in our als trial is ahead of schedule with our partners at mgh they're running our trial, we expect that study it completely ended enrollment by the end of this year, we also have another important read out of a drug called for depth stat in multiple system atrophy, which is a terrible neurodegenerative disorder. And we have pivotal top line results in the third quarter a team has delivered earlier results. And then of course, OCD and spider cerebellar ataxia reading out next year. But you can see we have a robust pipeline, and we want to bring new therapies to patients with neurologic disorders.

35:48
But in fairness to people who may suffer from these, these are the toughest stop. I mean, look, I'm so thrilled that we're tackling Alzheimer, I'm not sure how good that drug is, frankly. But what you're trying to tackle what many, many people have failed at what makes bio haven have something that the other guys don't didn't make it. So you're tackling diseases that people throw their hands up for years?

36:11
Jim, we have demonstrated our ability to excel in the research and the science of these disorders. And you're right, we may not win in all of that. But what we're going to do differently is have a more efficient clinical trial design where we get our answers sooner we understand whether there's a signal in patients, and then we follow only those compounds where we see a clear proof of confidence signal, and that we are confident that we are affecting the underlying disease, and then we're going to put resources towards those compounds. So as I like to say we're a modern day, pharmaceutical company efficient and nimble, agile, and we're going to continue to go after these really tough disease. Well,

36:50
I think that's the last question Where to ask you is we know I had the I Have you barelvi in my in my bag? I have that's an alternative, that at least a giant company, I would think that there were the ones that would have would be and they were the ones that would have Chloe, but you guys are the ones that are first to market and you're the ones that are most visible. The idea as everyone told me that Abby would crush biohaven has not occurred.

37:18
Jim, I remember last year, all the questions would little biohaven be able to compete against the Goliath of Abby wouldn't be be able to differentiate and get the triptans. Would we get a first cycle approval and prevention? I think we've answered all of those questions. And we show that you can have a team, a smaller team of high performers who can deliver for patients and shareholders and we want to keep on doing that. regardless of the size of our competitors. We're gonna stay focused on creating value for patients and value for our shareholders.

37:50
Well, congratulations, the approval it's meaningful to 40 million people within just got to know that they've got something. Dr. Vlad coric CEO biohaven pharmaceuticals. Great to see you again. Sir. Francis, Egypt. Thanks. Okay. Again, full disclosure. I am the chief spokesperson for the American migrant Foundation, which is unpaid, by the way. But I will say I want people to know about these drugs. Because there are too many people tell me I have migraine. I wish there was something for it. And then monies back.

38:19
Coming up next, let's make money together. What do we got Kramer's bringing the thunder and answering your burning questions in today's edition of the lightning round?

38:37
Is time. And then the lightning round is over. Are you ready, Steve? I'm gonna start with Brian in New York, Brian. Hello Cray. But thank you for educating us all. About Kimberly Clark. If it's still a good book,

39:00
I gotta tell you something. Jimmy chose concern because the only reason to buy a stock right now is that 3.5% yield because that was not a good quarter. I'm even going to go far as to say that was a bad quarter. We can go to Ken in Florida can.

39:14
Jen thank you so much for taking my call. I think you're awesome. I watch you every minute. Thank you. I was just wondering what your what your thoughts are? Understand, which is cool. Coming off its highs in March the A lgt Allegiant Air?

39:28
Oh, no, I like it. I tried to separate your travel plan. We want to get as many copies as we can, because we know that people are starting to go away and they're a beneficiary Perry in New York Perry.

39:38
Hey, Jim, longtime watcher and listener. First time caller. Oh, great. I want to thank you for all your hard work. I saw an interview with Katharine Ross and I didn't realize the hours. But it's incredible and what you do for the average investor is just incredible. Thank you. Straight land, admit when you're wrong, and people do that. So thank you. Okay. The start is the gap. And I saw an interview that you did with the single I have a lot of confidence in her and her ability to turn around. And they're killing it with the Old Navy in Atlanta. And I think they're going to turn around the gap. I just wonder what you think about

40:27
I think you're dead right by friend. First of all, thank you for those kind words. Again, when she did Kanye West, a single $20 jacket today. I thought it looked great. And it's the first of many gap is reinventing itself right in front of our eyes. And the stock is going I think, higher Sandy, Texas, Sandy? Boy, yeah. Yeah, what's going on?

40:53
This is your loyal and devoted fans Sandy calling from Dallas Cowboys country. to them. If one is thinking of buying some Pitney Bowes stock, do you think it's a good idea? And if so, is now a good entry point.

41:07
I think the Cowboys are kind of like Pitney Bowes, when you think about Memphis last time, they had been in the playoff go that far. I mean, they were the playoffs, what they lost the Seahawks very quickly. All right. Now, here's the problem. PBI is is engineering turnaround. And I think that the turnaround could be real, but I got to hear back from more. We had more claughton back on. I wonder if the turnaround is real, and then we'll make a decision. And the Cowboys do look good this year as much as it pains me to say that and that leads them conclusion of that.

41:39
lightning round is sponsored by TD Ameritrade coming up, Kramer, on why business as usual. Mostly include a genuine effort on behalf of all stakeholders. Next.

41:54
Jim Cramer. You're one of my heroes. I look forward to your show every week night. Thank you so much for helping beginning investors like me, when you talk about the market. I just believe that you're spot on. Oh, I love it. Thank you so much every night we want to I have learned and earned

42:23
it so it's 8:15am today busy morning and we're trying to figure out the mean stocks, of course the upgrades the airlines, all the usual fare that controls the DDA action. Just that moment of press releases MasterCard foundation to deploy 1.3 billion in partnership with African CDC to save lives and livelihoods and quote, it goes on the foundation will acquire vaccines from more than 50 million people and support the delivery of vaccinations for millions wore a quote. Of course, it's beautifully bred. But then the new cycle moves on. Technically MasterCard created foundations will get the stock when it came public. And that really foundation is now the largest shareholder in addition to the 1.3 billion that the foundation's contributing companies adding $100 million of its own capital to help stem the pandemic worldwide most recently was beds and oxygen tanks, which is a severe shortage in India. Now, why should we even care about this other than the goodness of our collective heart? First, with governments around the world either cash strapped or too dysfunctional accomplish anything. Business has become the greatest force for social change, a phrase we get from Marc Benioff, the CEO salesforce.com, who spent billions of his own money and Salesforce has money in an effort to fight the pandemic. Salesforce sent a Boeing 787 recently filled with medical supplies to India, in solidarity with their 4000 employees over there who are struggling with one of the worst outbreaks in the world. Mark always says, quote, we have responsibility as leaders to improve the state of the world, not just sell more software. Which brings us back to MasterCard. This company recognizes its responsibility as a leader and wants to do more than collect credit card transaction fees. But at the end of the day, this is Mad Money, not mad philanthropy. And I'm betting MasterCard has still another goal here. sure they're doing the right thing.

44:15
We love that. But there will be a sort of thrill retainer and return on investment and ethereal or Oh, I think about it,

44:24
when we finally beat the pandemic worldwide, which we will, what credit card will the institutions and the people around the world prefer it this is their bid to take over the African market, which is going to be one of the biggest markets in the world. Just as important for the future of mastercards business is who they can recruit to work there when they get out of good school or any school frankly, younger people don't want just paychecks. They want to identify with their employer and be proud of it, or at least not be ashamed. This kind of move is how you recruit the most talented people. Finally MasterCard gets a seat The world table because of donations like this, when you start throwing big donations around world leaders want to know what you're thinking. In particular, they want to know where you might donate next. Now my hope is that others will see this and say they want in, they want to lead. Because institutions these days, traditional stores are often in disarray and weakened, but business has rarely been stronger. And it is time to pony up like MasterCard. Because the job of a company is not just to sell widgets, but to help make the world a cleaner, healthier, safer and better place. I like to say there's always a bull market somewhere, and I promised try to find it just bring you right here Mad Money. I'm Jim Cramer. See you tomorrow. The news with Shepard Smith starts now.