Note:    During the two week period, 8/11-8/22, Jim Cramer's 6pm show has been replaced by Olympic games' coverage. Therefore, CNBC is airing special abbreviated half hour segments, called "Mad Money At The Half"... as well as the normal Mad Money, full-hour shows, at 11pm.

Given this later schedule of only an 11pm showing (vs. the normal 6pm showing), all full show recaps will be posted as soon as possible on the following business mornings.

Beginning of the 1:30pm show comments...

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'Pulse of the Market'...

Jim:   Washington Mutual (WM)... no relief whatsoever for share holders there... Pilgrims Pride Corporation (PPC)... we have Tyson Foods (TSN), why do we need PPC?... Mentor Corp. (MNT), does anyone really care anymore?... Someone does... looks like its in acquisition talks again... Ag... ag... can you believe those stocks are rallying again?... How many days are we going to get a fertilizer rally?... It seems like that's a rally in a bear market... We all know what happens in business happens from the floor up... And, I've got to tell you, I read this trader talk every day by the guy we're about to see... I think you should too at CNBC.com... His name is Bob Pisani, floor of the NYC...

AFTER conversation with Bob Pisani:    Thank you Bob Pisani... All right... Now, I see Mason rallying tech... Am I alone in this... Why don't we go to Scott Wapner at the NAS... Scott what are you seeing?

AFTER conversation with Scott Wapner:    All right... The focus is so intense in the potential confiscation... I like to use that word, why?... because it's right... of Fannie (FNM) and Freddie (FRE) that we simply just plain overlook the fact that there is a couple things happening that ain't so bad... How about the fact that oil is not playing into Goldman Sachs (GS*)'s tune?... Not that anything is playing these days to GS*'s tune... Goldman is talking about $148... I'm still saying $110...

Now, that is going to give potential new life to the banged up retailers... been down for a couple days now... I like TJX (TJX)... Shrewd play... when is this Carol Myers, she's the CEO, ever going to get any credit?... How about the fact that she disposed of Bob's last time?... Have you ever been to a Bob's?... No raise on debt...

All right... more important, as we talked about with Scott... this comeback in tech can be very meaningful... When we look at the numbers at Hewlett-Packard (HPQ*), I own that for my charitable trust, full disclosure, we have to be amazed that the business could be that strong in a worldwide slowdown... Isn't that the real take away?... When do we ever hear that?...

How about the strength in Apple (AAPL) today?... The upcoming launch... I happen to have had a look at the bold, the new Blackberry Bold that Scott Wapner mentioned... I've got to tell you... I felt like a Joker getting that new LG phone from Verizon a couple of weeks ago... I'm going to be scolded... Of course, it's not out until October, but the guys at T-Mobile are already selling it in Europe... and that thing is rocking 3G... What a scream?... I mean I'd be watching the Olympics on that thing if it weren't blacking me out... That's my six, not my eleven...

Anyway... the strength of Intel (INTC) not reflected today... That's ridiculous... HPQ is saying notebooks are strong... Hey break open a notebook as I do many times when I get angry, before I had anger management class, and what falls out?... Intel pieces... I think this is the blueprint for a way out of the post-Fannie Freddie clouts...

How funny is it that they guy's on NPR (National Public Radio), from Freddie saying we have a lot of stock... Hey you know what?... I say throw the flag at that guy... He's unfairly pumping... I'd throw him out of the game... Also a 15-yard penalty...

Now, as to the share take, I'm hearing Google, Inc. (GOOG)...  and the potential for QualComm Inc. (QCOM*) to really bust out on this Nokia (NOK) deal... And you know what?... Nokia has got some new phones, and we've got something to build on...

You and I must fight the gloom that is pervasive every day down here and consider that HPQ did mean something... Congratulations, Mark Hurd (CEO)... you are really good!...  That gives fresh hope that tech isn't slowing down and, if anything, holding up better... even though, of course, we have to sell Fannie and Freddie... and yeah, agree with the guys from Fast Money... You know, you sell the Lehman Brothers (LEH) and the American International Group (AIG) and maybe you take a position against them... But LEH and AIG, thank you fed for giving us a free fire zone... SEC, you guys are the best...

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Jim's comments BEFORE the interview:
All right let's try to make some money away from Fannie and Freddie... which is almost impossible right?... because it's all anyone is really focused on... I'm focused on a lot of things... I'm focused on ethanol... I'm focused on oil... I'm focused on food...

I'm focused on Tyson Foods (TSN)... I'm focused on my next guest because you know what?... he's usually so politically incorrect that usually when you're on these conference calls you're like well you know, it's totally stage managed... Not this guy... This guy is the real Bond... Not James Bond... Dick Bond... Tyson's Foods President and CEO...

Dick, good to see you again... How have you been?...

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Jim's comments AFTER the interview:
Okay, I've got more with Dick Bonds, TSN's President and CEO after the break... I also got Waste Management... I feel like I'm David Faber for a couple days...

Jim (after the break):  We're talking with Dick Bond, TSN's President and CEO... I've been stressing the raw costs... That's the downside... Let's talk upside...

Jim's comments AFTER the interview:
Thank you so much sir... Dick Bond... Tyson Foods (TSN)... Personal hero of mine, willing to speak out...

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Jim:    I want to know... What ever happened to "Stop Trading"?...

No, not Stop Trading, the segment which will be back next week... I miss Erin... But the notion that when there is information, market moving information, known to some and not others, that the company, the New York Stock Exchange, even this AWOL (away without leave) SEC should demand that trading be stopped right now... If something is really big at treasury about Fannie or Freddie even as the dreamers who run those companies stick with the everything is great theme, this shouldn't be... In the old days, this kind of thing would never be tolerated... But we've become a laissez faire, radical, anti-regulation nation...

We say let the market take care of itself... That there are stocks that are trading hundreds of millions of shares per day, like Fannie and Freddie... where some have a fantastic great deal of knowledge of deals that are happening and then others that are clueless... Trading should be halting in both names until this outrage is resolved... It's a total travesty... And, by the way, somebody knows something... because the credits between Fannie and Freddie treasuries are speaking and they're speaking loudly... Oh, sorry, use English... The feds are about to take over these companies and I guess that maybe the feds don't listen to NPR where Freddie's CEO said this very morning that it doesn't need more capitol...

Me?... I was always skeptical of NPR...

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Note:  The comments below were mentioned at the end of the 11pm full Mad Money show by Jim, as a follow up...

Jim:   Look, I'm outraged... I'm furious.  I've got to tell you, you should be too...

Fannie Mae (FNM) and Freddie Mac (FRE)...  It's obvious that a bunch of people know what's going on, and they're going to make a fortune, and you are going to be left not having any clue and being hurt.  There used to be a thing called "stopping trading"...  They used to stop trading when there was some information that some people knew and others didn't.

The government here is running amuck, okay...  They are not protecting you, they could not care less about you.  I feel for you.  Why?  Because I want people in this game.  I can't have them in a rigged game...

FNM and FRE...  as close to a rigging as I've ever seen.  Rigged... the stocks are rigged... both of them. 

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Jim's comments BEFORE the interview:
We are going to talk to David Steiner, the CEO of Cramer-fave Waste Management (WMI)... But before we do... Let's get caught up with the bizarre love triangle that has been hurting WMI's stock... Back on July 14th, WMI came out of no where to make an unsolicited bid for Republic Services... another player in the WMI business that had already agreed to merge with Allied Waste back in June... Waste offered $34 a share... Republic Services said no... WMI raised its bid to $37 a share, Republic said no last Friday... We don't know what WMI will do next... there is arbitrary assures up the ying yang... You ought to know... this attempted acquisition is definitely, I think, holding this stock back short term... Unlike the company, unlike the management style... Let's talk to David Steiner, WMI CEO, who thinks why the acquisition can work... I'm worried about share holders...

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Jim's comments AFTER the interview:
David Steiner, CEO of Waste Management (WMI)... I am counting on you and I don't think you're going to let us down... Thank you for coming... Appreciate it.

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[ End of 1:30 "Mad Money: At The Half" Show Comments ]