The Case For Reopening, Speaker of the House Nancy Pelosi, Novavax CEO & Logitech CEO

Mad Money w/ Jim Cramer

CNBC

News, Investing, Business

4.3 • 4K Ratings

🗓️ 12 May 2020

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

The DOW fell 457 points and after a major news day Cramer is examining the cost of not reopening the U.S. safely – and soon. Which companies are making progress in the new ‘normal’? Cramer’s giving you his take. Then, Earlier today, Democrats in the House of Representatives unveiled a new $3 trillion stimulus bill and Cramer has the exclusive with Speaker of the House Nancy Pelosi to learn more about the bill and the government’s efforts to combat the economic impact of the pandemic. And, last night Novavax announced a nearly $400M investment commitment from the Coalition for Epidemic Preparedness Innovations (CEPI) and tonight Dr. Stanley Erck, the CEO of Novavax, joins the show. Erck is going one-on-one with Cramer to give more insight on the company’s potential vaccine for COVID-19. Can this stay-at-home player run higher as states start to reopen? Cramer is talking to Bracken Darrell, the CEO of Logitech to hear more about the company’s latest earnings report.

Transcript

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0:00.0	My mission is simple.
0:02.0	To make you money.
0:04.0	I'm here to level the playing field for all investors.
0:07.0	There's always a bull market somewhere.
0:09.0	And I promised to help you find it.
0:11.0	Man money starts now.
0:19.0	Hey, I'm Kramer.
0:20.0	Welcome to Man Money.
0:21.0	Welcome to Kramer America.
0:22.0	I would be one of my friends.
0:23.0	I just want to try to make it so you don't lose too much money.
0:27.0	My job is not just to entertain, to educate, to teach.
0:29.0	Put days like today in the context of Calming,
0:31.0	1,800, 743, CBC, or Tweety, at Shum Kramer.
0:35.0	To reopen, or not to reopen.
0:38.0	That is the question.
0:40.0	Ideally, we keep everything closed until the federal government
0:44.0	massively ramps up its testing and contact tracing capacity.
0:48.0	That would be my preferred outcome.
0:50.0	But what if we're waiting for nothing?
0:53.0	I got to tell you that.
0:54.0	That more aggressive action with the federal government.
	...

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