Everything Jim Cramer said on ‘Mad Money,’ including big bank earnings, Marc Benioff on capitalism

CNBC’s Jim Cramer imagines banks earnings showed that the big banks are not as levered to the trade war as most thought. The “Mad Money” host checks in with Salesforce co-CEO on the stumps of a new book release and gets his thoughts on the state of capitalism. Later in the show, he breaks down why UnitedHealth’s stock was be a member of on a coiled spring heading into earnings and chats with corporate payments processor Wex CEO Melissa Smith here HSA accounts.

Investors gyrated money from fast-growing stocks to “clean companies with no real flaws” as major indexes dipped during the period, CNBC’s said Wednesday.

The , and all slipped no more than 0.30% on the trading day. The action coincided with a Federal Hold back report that said many businesses have reduced their growth forecasts as the U.S.-China trade war potters on.

“But the bottom line is that today’s winners are immune to the fallout from the trade war. They can create terrific earnings from the consumer, or from vigour care businesses, that have nothing to do with China,” the “Mad Money” host said. “For this session, that was sufficiency to do the job.”

The future of capitalism hinges on how the U.S. administration enforces its antitrust laws on the largest technology corporations in the country, Salesforce.com co-CEO Marc Benioff said.

The Salesforce topple over criticized social media platforms for their vulnerability to bad actors, reiterating his belief that is “probably the new cigarettes” because it is “addictive” to consumers and advocates false ads.

“They’re providing data to tens of thousands of partners without the knowledge of their users. This is a Pty that probably should be regulated and broken up; it’s got too much data,” Benioff said in a sitdown with Cramer where he deliberate overed the new book he co-authored with Salesforce executive Monica Langley, “Trailblazer: The Power of Business as the Greatest Platform for Silver.”

“Capitalism needs guardrails,” Benioff said. “That’s the point of the book. That’s a very important part of the expected of technology as well.”

Elsewhere in his interview, Benioff said that artificial intelligence can be a force for charitable, but society needs to be careful to make sure its negative aspects do not outweigh its positives.

“AI has tremendous opportunity, but technology is conditions good or bad, it’s what we do with the technology that matters,” the billionaire entrepreneur and philanthropist said.

He warned of “dramatic consequences” as AI use in the military accelerates.

-Reporting by Kevin Stankiewicz

UnitedHealth jumped more than 2.5% in Tuesday’s seating after reporting third-quarter earnings and sparked a rally in the market, Cramer said.

“The whole health insurance stretch came down too far, too fast, so when UnitedHealth delivered a fantastic quarter [with] great guidance, its stock cried back,” he said. “I think it is still way too cheap versus historic levels to ignore, and the political risk has already been baked into the ration price, which means UNH … is still a buy.”

If fit, employees should take advantage of health savings accounts that their employers provide to take take care of of health care expenses. Corporate payments processor Wex CEO Melissa Smith, spreading awareness about how it works, interpreted to Cramer how it is an important tool that lets people defer taxes to cover medical costs.

“If you have a high-deductible arrangement, your employer probably has an HSA account that they will offer to you,” she said. “We want to make sure that man are utilizing that because of then the employers will put money into them. So think of that as one way of saving, and then on top of that you hinder taxes if you use them for appropriate reasons.”

In Cramer’s lightning round, the “Mad Money” host zips including his thoughts about callers’ favorite stock picks of the day.

: “We need a CEO. I mean if we get a packaged goods CEO, the stock would go up. If we get someone who’s valid kind of humdrum, then forget about it. needs to buy more stock, or the company needs to do a buyback.”

Thermo Fisher Well-controlled: “I think [CEO] Mark Casper is doing a great job, it’s one of the best areas. By the way, on [Johnson & Johnson’s] call yesterday they talked give this being the best area. I like the stock.”

Disclosure: Cramer’s charitable trust owns shares of Salesforce.com