Bristol-Myers CEO, PVH CEO, and Former Dupont CEO Joins Carbon

Mad Money w/ Jim Cramer

CNBC

News, Investing, Business

4.3 • 4K Ratings

🗓️ 26 November 2019

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Rebounding from its first weekly decline in over a month, the Dow rose 191 points hitting an all-time high and Jim Cramer’s breaking down today’s market moves. First, the chairman and CEO of Bristol-Myers Squibb, Giovanni Caforio, comes back to Mad Money to talk about what the future holds for the company after the completion of its acquisition of Celgene. Then, Manny Chirico, the chairman and CEO of PVH sits down with Cramer to talk about the company’s latest quarter and what he is seeing for the future of apparel. And, could Dupont’s former CEO bring 3D printing company, Carbon, into a new dimension? Cramer’s sitting down with Dr. Joseph DeSimone, the company’s cofounder, and President & CEO, Ellen Kullman, to talk about how the transition will impact the company’s future and the quest for innovation in the 3D printing space.

Transcript

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0:00.0	Hey, I'm Kramer.
0:01.4	Welcome to Matt Money.
0:02.4	Welcome to Kramer, Araka.
0:03.8	I'd be wanting to make friends and just try and make you some money.
0:06.2	My job is not just to entertain but to educate and teach you some calling at 1-800-737-0-370 or tweet me at Jim Kramer.
0:12.8	Who are these people who keep saying stocks are too expensive?
0:17.2	If they're so pricey, why the heck do we keep seeing such large takeovers that Wall Street adores?
0:22.6	At least judging by the action and the stock price of the acquire.
0:25.5	When the buyers shares go higher, that tells you the market approves of the deal.
0:29.9	It's one of the main regions of why.
0:31.3	Reason why.
0:32.2	All three major averages had record closes today.
0:38.6	Now getting 191 points, as it'd be jumping 0.75% now is that probably 0.32%.
0:45.2	Sometimes these deals make so much sense that you gotta wonder why they took so darn long-wind.
0:49.2	Online discount broker Robynode.
0:51.3	Eliminated commissions on trading.
0:55.3	Well, they're going to make the money on credit balances, meaning your assets.
0:58.0	That forced the rest of the industry to follow suit.
0:59.8	And because the others made a lot of money from commissions, their stocks were clacked.
1:05.3	A charge swap of $3.8 trillion assets under management took advantage of the sad state of the industry
1:11.2	swooping into buy competitive TD Ameritrade for the relatively low price of 26 billion.
1:15.8	And voila, now they have 5 trillion under their belts.
	...

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