three year-note auction was a c plus. tune in to see the great week of it tomorrow at 1:00 eastern. >> i'm julie. we'll be sitting down with disney's bog iger. we'll bring his hits and miss app media outlook for 2010. well, on the weekly "sports illustrated" magazine there's a supposed curse of the cover but for swimsuits it's a cover. heidi klum have gone on to build businesses and brands from the exposure. carol alt has her own line of skin care products based on her popular raw food diet. >> how did you go from carol alt model to carol alt entrepreneur. >> necessity. making it to the top is the luck of the draw, but staying there

is all you, baby. it's all how you deal in business. >> and no other swimsuit veteran has done better in business than kathy ireland who appeared in the magazine for 13 straight years, longer than any model to date. >> well, modeling wasn't a part of my plan, but i looked at the opportunity and said, you know, maybe i can earn some money for college or to start a business. >> turns out -- >> catch it tonight. business model inside the "sports illustrated" issue at 9:00 p.m. on cnbc. i'll see you tomorrow. "fast money" is up next. thanks for being with us tonight. live from the nasdaq market site this is "fast money." down 200 points. the confusion is palpable on the street as investors grapple to figure out whether this bull market is over or whether it's getting its second wind. reports of a bailout ripping stocker higher today. the headlines were very

confusing. >> i think you fever to trade at least until we know the headlines are not accurate. so the next thing on the calendar is there's an eu summit on thursday. the summit was planned. i think in the short run you ride this straight out. i think the commodities, the weaker dollar trade, guy, you're looking very intently at me. let's not forget the reasons that the markets were trading down even in the absence of the great news. we've had a lot of concern about china and concern in washington and even if we allow greece to muddle through, you're still left with these concerns that we have in the broader economy. great earnings this rally. play this trade. you've got another 24 hours of it. i think you ride the most beaten up commodities. >> what does your gut tell you about the reality of bailout for greece. one thing is the reaction to the stock market. and, yes, if there's a belief

that there's going to be a bailout -- guy, you're looking very intense. >> he's looking at me like he wants to shoot me. i think that's what the story deserves. the headlines that germany is going to bail out greece are a little difficult to believe right now just because there are both rules and realities within the european union. the rules are they cannot bail out a single-member country. an individual eu company could. >> or the eurozone for that matter. all these countries can get together and say we're going to back greece bonds, whatever it may be. they can decide to do it. it's just the ecb can't do it. >> once germany goes to greece's aid, the market is going to go after portugal and spain. spain has given the eu overly rosy expectations of their gdp in 2010 and i think there's places to attack that. i think your backstop for them is an imf loan.

i don't think germany steps up to the plate but there's a lot of headlines today and the market loves them. >> joe, you're buying this rally. >> i don't know if you necessarily say i'm aggressively buying the rally. the whole concern about greece -- i know guy is smiling because he wants to say what? >> it's the world. >> he's right about that. how does it affect your trading? if you go back to friday, at the end of friday's session everyone was pontificating. then you had yesterday's performance, which clearly at the end of yesterday -- and i was not here, and i want to buy it, but i will tell you yesterday's performance was horrific. you come in today and you have a higher market. and i feevt to tell you something. around 11:00 today you had all the reason to think you were going right back down to test friday's lows again if you did not get headline out of the eu again. so right now when you're looking at this market i don't think you can establish the sendment

either way, whether it be long or short. i think all you can do is look for quality names and play them from whether your buy is, long or short. >> a government spokesperson denies the reports that there is a bailout on the way for greece. what was your reaction a then, and how are you trading the day overall? >> well, i can tell you this. when i was looking at the market coming out of the gate in the first hour it was 2 to 1 puts to calls. so to me that was a signal that you know what? even though we're higher, people have some concerns. by the end of the day it still remains very close to two to one on the puts. they traded over 1 million puts to about 700,000 calls. again, very, very high-volume day. volatility index, still around 106. then i look at some of the commodity space. i hit tim up on this one. petro. this stock has been absolutely beaten since january 19.

it's been down almost over 20%. >> it's more than that. >> yet today it gaps open. what are they buying today? they're buying puts. so what it's signaling to me is people are acquiring puts. are they buying them for protection? maybe. or people right now don't believe the rally. you look at the s&p. where did we close? right at resistance at 1070. >> j.t. toucheded on a good point. it looked like the market was going negative. it slid up four and everybody out there had to feel like this sucker is going negative, and then the news came out. so i thought the stock was okay today. >> we're having a conversation. >> we're both saying interesting things. >> the bank didn't trade that well today. you have your reference to goldman sachs. we tested it again. it bounced. again, i didn't think the action of the banks were that impressive. >> price actionwise, pete, we

were looking at that midday. it took everything to get gold man higher today. that was one of the first stocks that rolled ore. that was a stock on my screen that alerted me to the fact that the entire stock was going down because after that the s&p went down. >> i'll jump there too. >> we're in. >> jpmorgan, broken chart, morgan stanley, broken chart. these names, until they can prove to me that they can get over this 200-day, they're right in that no man's land. i can't find a catalyst to get in. it kates to me that people are waiting for any reason to get in any of these names. i mean the cfo from jpmorgan himse himself, he talked about the fact, cautious outlook. he said, you know what? sometime in 2010 but no definite time frame. all of those reasons right now put me on the sidelines for some of these names. i've owned morgan stanley, i've sold calls against morgan stanley. i'm not as excited to own it.

i have it but i'm not excited. >> but the entire financial space, i agree with right now, looks challenging. however, a name like jpmorgan, i think that is a quality name. i think you have a point of reference right now youch have a series of higher lows over the last couple of days. it came in to jpmorgan. that was it. so i agree with you on the financials. however, jpmorgan is what i'm looking at. >> you've got long calls. >> i bought the 39 calls. i actually bought the stock as well. >> but you're also hedging your position with bank of america. >> i took it off today. i'm out of bank of america, all in, basically, on jpmorgan. >> you said days. i mean a couple of days where it's made some higher lows. this stock is still broken and can't get above $40 a share. >> i want to go to the prop desk. mike is manning the desk. he's noticing the lack of

participation in the financials. mike, what's catching your eyes? >> we've got this news out about -- >> we're having trouble with his microphone. mike's mike is having a problem. but anyway, we're get back to you shortly. >> i would just point out that today was a 91 breadth. we haven't had that or a 90% day. this takes out what we ran into last thursday or friday before we had the tremendous rally at the end of the day. the problem is, really, we're stuck at 1080 unless we gets fresh runs through there. so i think we're going to have difficult. what pete was talking about is, look, this is a place where you want to get long stocks. petro gras is very. it's still cheap. you get in there, you get long, you buy the protection. >> do we need a weak dollar and

strong euro and maybe news that there is a greek bailout on the way in order to sustain the materials point at this point? >> it depends where it's real or not. we don't care so much. first of all, before the euro contagi contagion. that's not a bad thing. you can own these stocks when the dollar is rallying if it's for the right reason. flight to quality is got the right reason and that's the reason people thought it was a sells commodities. >> i'm give to give you a frustrating trade from today. this is the concern i have, where the dollar's going high or low, euro. oil, everyone at this desk knows i love oil. got long oil. used flash gordon's flash point to do so. where did it put i? a dollar lower. i was stopped 45 minutes. two seconds later the market is

trading 74 bucks. beyond frustrating. i want to move way from trades right now. they're too tethered. >> flash gordon being todd gordon at forex. i want to give him the super props. we're not talking about super heroes. >> first he was todd gordon. now he's flash gordon. >> i want to check in on the after-hours action. espn, its largest division seeing a 70% gain. 11% growth in profits. it is ticking higher. we're on that conference call, but first let's see what pete was doing ahead of these strong results. >> i liked disney at these levels. i was able to purchase the stock around $29.80. i'm selling upside calls against it. disney with espn and all the various catalysts out there, i think the ad sales are going to be strong. that's why i'm going into

disney. >> pete, what do you do now? >> well, you know, didn't expect this to be an absolute explosion. this stock is trading at just south of 30. i didn't expect the stock to take off. think this is a name i'd like to continue to add to over time. i expected the numbers to be good and part of the reason, when i look at espn and you look at 70% of the growth, revenues, coming out of disney really come from the cable that's what made me look at espn. when i saw super bowl numbers, i thought, you know what? football has been phenomenal with these guys, all of the sports for espn, that made me get into this. and i still think there's growth going. >> in terms of the ad, an analyst says they tend to be overindexed with respect to the auto industry. he said, toy tay, if you haven't notic noticed, that could be a positive. >> we've talked about disney. people shot against it all year

thinkinging the consumer is dead, and it might be but we told you it's the media side for these guys. mike said it. 4.18 was on the media sigh. valuations are still fair. i'm sure an analyst will come out tomorrow. one will downgrade, one will upgrade, but i think this is a name you still want to be in. >> let's check in with dr. jay, monitoring and trading the conference call. john, what are the big headlines? >> full disclosure i scalped a little. i sold a little because of unusual readings we had on the stock, not because i don't believe in it but because of what i'm listening to right now. i figure it might be a good idea to lighten up a little bit. overall they're talking about the consumer because half the revenue comes from theme parks and movies. consumer is a pretty accurate read. they're not saying negative things about the consumer but i think where the driving consumer could come from is the toys and

marvel. quite frankly, you have "iron man ii" coming out. now that's part of disney. disney is going to be getting that. take a look at what transformers did for hasbro. they're not projecting that, by the way, on the conference call. that's the bullish part that when you look at it and say, boy, they've got one of the most popular characters out there and they've got a whole bunch of ores that are going to be rolling out, granted this is not their movie, this is not a disney movie, but they stand to benefit the same way hasbro did because it wasn't hasbro's movie. so what i e-mail hearing is people are asking about the ipad. he said game changer. i think that is going to be a game changer. they're talking about disney content on the ipad. i know a lot of people are going to be looking at that. go ahead, sorry. >> i've got a quick question for you. mentioning the ipad, do they have any kind of projections on the time frame for when that will actually start to take

effect? >> almost immediately, pete. what they're talking about is obviously iger is very impressive with steve jobs. they bought pixar. they're tie at the hip with steve jobs. just like it is with apple, i don't know if it provides a significant revenue stream until at least a quarter down the road, but overall i'm still listening and it sounds like the analysts like what they hear. i won't be surprised to hear a couple of upgrades tomorrow based on the outlook so far from the call. >> we'll check in with you later on. he'll remain on that conference call for us and we'll go to him as the news warrant. joe, you're listening specifically for the ipad, and what would you like to hear? >> what john said is exactly what i wanted to hear, that they're willing to be active. last year the film studio didn't contribute. this year they will. and now in addition to that you

have contribution of the ipad. it is a game-changer for disney. >> the big question is the theme parks. nobody wants to book a vacation if they don't have a job. >> dower. >> i'm not dower. i'm simply stated fact. >> two weeks from now i'll be there. >> you've got a job. point proven. point proven. let's move here. analysts helping to lift the market today. the first call of the day from morgan stanley, caterpillar leading the dow higher after it says it's seeing a sharp rise. >> he also talked about the u.s. stimulus as a potential growth driver. this enwe looked at 2012, said there's a possibility of $8 to $10 arounding. this is a stock he said not only has it got a price target up $70 moved from $51. then he talks about the stock having the potential to double. some activity in some of the coal names.

when you look add pea body, the entire space reacting but there was some activity out there as well, and caterpillar at these levels, it is very, very interesting. very interesting story in the streamline business. that's part of the reason why they see the upstream getting even better. >> it scares me when analysts start talking about stocks doubling. they made an interesting call. aisle say this. remember on january 11, it went up. we flagged it. we said if you're in it, get out. this stock dropped 21.5%. as a matter of fact, it traded down -- i think it got down to 50.5% yesterday. it bounced. to me it's still a little bit rich on valuation. we're going to have somebody on later that. that's a tease, folks. if he's correct about copper -- >> that's just moments away, moments away. first we've got to talk about the call of the day.

standard & poors is lowering its credit. essentially saying the u.s. government will no longer backstop these companies because they're too big to fail. joe, what do you make of that? the fact that the market simply shrugged it off. >> i don't think it shrugged it off. it's the reason why i sold only sof my calls they've had since the beginning of the year. i shifted into jpmorgan. i'd rather right now be more aggressive in a name like jpmorgan that does not have the uncertainty. >> if, in fact, the government is letting them out of their t.a.r.p. obligation that they're saying these guys are less risky. that's question one and two, are you listening to the ratings on this? they said these banks were strong 16 months ago. >> everyone on this deaf success

talking about financials not performing right now. i'm behavior basically moving up the ladder. >> okay. we want to move on because our last call of the day is actually a "fast money" exclusive. it's believed that copper is being artificially propped up by china buying and simply being stored away in warehouses. now, david, a big part of your thesis is that 2 million tons of inventory are, in fact, stored somewhere in china and it is not being consumed. it's actually being put to work and being taken off the market. how do you know this? have you seen these stores of copper out there? >> it's basic simple analysis. that is last year copper consumption in china was 5 million tons, theiri ismports we 3 million tons. if you look at the deficit tl, s

there's 2 million tons left. the only difference between a ponzi scheme and a market bubble is a market bubble has a product and this is what we've got here. we've got massive overproduction, we have a very low cover cast of production of about a dollar a pound industry wide. >> if you're going to make the comparison to madoff you have to ask the question who then is the bernie madoff who's making money off this because theoretically if china is actually stockpiling it and you say china is holding it at $1 a pound -- >> don't assume it's the chinese that are holding it. one can ship copper to china, retain ownership, put it in bonded warehouse. >> but, david, isn't that the whole point? sorry to interrupt you. even in china is stockpiling copper, it's coming out of the market. when the market does have real demand which i hear you say you

don't think it does have, i actually disagree. you cannot get copper production even going to meet it when it does. >> but that is not true. this year copper production will go up 5%. consumption might go up 5%. last year and previous years copper production has been more than consumption. the loan -- the market is always longer than short to the extend of the unsold inventory. the accumulation regardless of where it is because it can be delivered. >> but, the key to this whole thesis david at some point it will be released into the market and we'll have a flood which will then push flood prices down. when does that happen? what triggers that? >> i do not know what triggers i. what triggers the real estate market collapsing. what triggers any bubble to collapse? what we have is we have speculative activity financing the overexpansion of production. and regardless of what's going on, there is more than adequate

current production, and there has been for some years. to more than satisfy consumption and create the surplus. >> one last question, david, $1 a pound, when does that happen? >> it happens. when does it happen? >> when. >> it might happen this year if we get a tightening of credit. >> a tightening of credit this china because that's what we're going to see. >> say that again? >> a tightening of credit in china. >> a lot of this material is owned by non-chinese entities. the question is where can you use the cash better? the market of last resort is the terminal market if there are no buyers that material will be delivered to strangers. >> david, thank you very much. hope to talk to you soon. we'll see if copper hits a dollar a pound which is david's

call. >> that's so far out on the edge of where anyone is predicting copper to be. i totally disagree. >> think about why china would be doing that right now. the chinese investment corp, what do they own? they own the oil etf, they own etf. there is no copper etf. that means you want to trade along with them in my opinion. >> certainly a good discussion point there. coming up next, check out shares of baidu. we'll head back to ur the prop desk. plus a chartist who says the dow is about to fall 3,000 points testing the march lows. you'll want to hear why. here's what else is coming up on the show. when it comes to real estate, one man has the real deal. former hud secretary henry cisneros. plus viva las vegas.

why these are rolling to a hot streak. we could put the odds in your favor. whwhwhwhwhwhwhwhwhwhwhwhwh

we do want to check in on the after-hours action. google competitor, baidu sometimes called the google of china, certainly the market share in china a. take a look at that on the back of a very strong earnings report. working a prop desk with a seat belt on the stock, mike. what are you seeing here? >> the stock is up over 9% right now which actually interestingly enough is approximately what the options market has anticipated. typically the implied move coming in today was about 9% and indeed that's about how much it's up. that's about $40. they had a top line beat, bottom line beat. we're going to have to a wait for the earnings call which has yet to start to find out what's going on there. really the story, this is a growth stock. they have over 60% of the market share in china. their biggest competitor, google. >> mike, getting that the stock has made the move in the after-hours session, how do you trade this? >> well, think the first thing

you're going to expect to see is the front options are going to be less. 're going to decay as people are expecting the stock is going to go after it did with the breevs earnings. then the stock is probably going to trend leading into the next earning. bear in mind that's largely what the market did over that same time frame. >> mike, we'll check in with you later. tim, this is a name you know very well, a name that perhaps is causing a little bit of pain today. >> this is a big surprise on the guidants. everybody knew what the last quarter looked like. they're around $180 million or certainly in the 170s solidly. a heavily shorted stock. the volatility in this name is insane. i do think this is a name that can give somebody back. i do think that the call tonight will be very meaningful. let's not forget this is a company in a bit of their own

turmoil. this is a company that even in the plitle ka wars with doingle that they look like they'll win outright they're not set in stone with china and they do have their own problems. >> just a quick reminder, if you have a question, please e-mail us. i personally read every message, surprisingly. i have my computer right here. i read the messages and we try our best. >> sometimes i do this. i leap over and see -- >> he can barely operate his phone, period, so he's not se sending me any messages. i'm stating facts. moving on tour next trade, here's what our next guest had to say about the housing market the last time he was on the show. >> yeah, i do believe we've seen the bottom, and i believe it's a pretty climb-up from here. second quarter of 2010 is whelp we would see a real surge, a real sense that we're back. i would say by second quarter of next year it's going to be very, very solid. >> henry cisneros says home

prices have stabilized, housing related stocks have, in fact, rallied. so mr. cisneros, the big question is does the government have to keep piling in on various stimulus plans in order to actually make this happen, make the second quarter firm? >> i think government needs to stay at it. we need to keep the pedal to the metal because we can't afford the risk of any kind of a double-dip recession and so many things are out of our control. watching the news the last few days, greece, spain, portugal, more and more talk about issues in china with overbuilding in china. we need to be strong here in the event the world economy is fragile. so i think the kind of meeting that the president had today in which he talked about continuing job programs and the continuing work in the housing sector, including the tax credit for first-time home buyers, all of that needs to be kept in place. low interest rates, fed policy to buy securities, all of that needs to stay at work. >> do you think --

>> let me play devil's advocate. aren't we sort of prolonging the inevitable? it's in the pipeline. there are people who want to sell their house that haven't listed it yet because they're scare. so why not let the market run its course? like in forest, the natural thing is for forest can burn down so the new trees can go but we're somehow trying to keep the for it fires from happening. >> unfortunately if there's a forest fire in our world, the housing world, a lot of families get hurt and people get hurt. so the truth of the matter is i think housing prices have bottomed in particular places. in texas we see a steady increase in prices. in the big gateway cities, los angeles, san francisco, washington, d.c., virginia for sure we see steady increases but in other places like arizona, florida -- >> we have a finite amount of funds in the u.s. you don't actually have funds. that's the way with our funds. but we have a finite amount of money to actually be allocating

toward different areas of the economy. would that money be better spent in simply creating joobs becaus forecloses are in the pipeline as guy points ow and people are still losing their jobs or they don't have enoughing in to pay the mortgages so therefore the problem snowballs. >> it's very direct so we need to do both of those things, create jobs as well as keep the housing sector strong. it's hard to imagine in an merge recovery without the housing sector. it's by various ways including factory, materials, and supplies. it's hard to imagine an american economy that rebounds without steady continuous increase in the housing sector. >> right now fannie and freddie are doing a little bit too much. >> it's not just fannie and freddie. they'rive on the apartment side,

but fa georg faj is on the othe. we're going in the right direction. we're in a different place than this time last year, very different in terms of growth rates starting, visible, job numbers starting to look a little bit better. it's too early to take -- to, you know, be distracted and not stay with the policies that are working. >> what metric would you need to see to eliminate the tax credit? is there some particular metric where you'd say, all right, we no longer have to incentivize these folks? >> it's the housing numbers. you know, housing sales, housing starts, new housing starts, new housing permits, all of those numbers, i'd say, would have to be consistently positive, but right now they're spotty geographically. there's places in the country that are still badly hurt.

it's going to take a while for that inventory to be soaked up and proceed. >> okay. henry, great to see you once again. >> thank you. >> always a great job. come back again. >> maple leaelissa and if four . >> morgan stanley upgraded. check out frank blake if you want a cool ceo. i like hd. >> the brazilian housing market is very different and it's been well traveled. visa came out with an offer. finally valuations are back. the brazilian housing marked a mexican housing market have remember covered. there's a shortage of labor and materials, so take a look at this. >> they benefit the most from the first-time home buyer tax credit. >> i'm going to take lows over my man home depot. >> have you ever ben to a lowe's? >> they just put one in mexico,

as a matter of fact. >> let's go get them. >> let's go this get them. >> you got it. >> all right. coming up next, you heard on the desk how there's some questions on the rally we saw today. how a chart legend is actually calling for a retest of the march lows. ouch. find out why and whether the traders agree with him. lity vehs has been our first priority. ♪ in recent days, our company hasn't been living up to the standards that you've come to expect from us or that we expect from ourselves. that's why 172,000 toyota and dealership employees are dedicated to making things right we have a fix for our recalls. we stopped production so we could focus on our customers' cars first. and technicians are making repairs. we're working around the clock to ensure we build vehicles

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welcome back to "fast money." we do want to loop back to dr. jay. he's on the disney call. you're hearing positives from the theme park. >> in particular just like when guy and i were out in vegas this past year we heard discounting. as soon as they can do that, of course, then the profitable starts hitting like this. well, that's exactly what they were saying on the conference call tonight is that they're weaning them off. it doesn't seem to be as necessary anymore, melissa. >> are you -- joe's paying full price. >> i didn't get any discount, jon. >> neither did i, joe. >> hey, jon, did they talk

anything about the currency impact? you know, they didn't really mention that very much as far as the impact of the dollar overseas. just like you say, though, joe, the disney company is really available to folks around the world in theme parks in japan as well as in europe, of course, so i think there's a fair amount that draws customers to their parks in california and orlando, but i don't thank was as big an issue with this call. >> and dr. j. i'm watching the disney tapes here. ipad is in so many of these headlines you'd think it was an apple conference call. >> i guess because jobs didn't bring iger up on stage with him he's certainly pounding the table for him there. he says it's going to be huge. "alice in wonderland," they're going to be advertising for the movies and things like that, for "alice in wonder land," for "toy

story iii." they're very enthusiastic about it. there ee no doubt about it. ipad is a big part of what disney's talking about. it makes me glad i own some disney and apple but i'm also cautious because over the next 60 days i don't think there's much drivers. >> it make you more bullish. i doesn't want to make you change your position. >> no. but it didn't give the bears anything they want to hear. they want to hear a bad call. they did not hear that. instead they heard that the consume ser gaining confidence and strength and i think that's a bad thing for the bears that were hoping for a down side on disney. >> good work there. no more discounting at the theme parks. >> joe, you're going to have to sneak in. >> no more discounting at all. ly say this. one thing about disney, one of the things i made during the course of the last few months is focusing too much on a high beta name. when you look at disney, this is a quality name that overtime

will clearly perform for you and i think jon's telling us there's a little bit of a game-changer that takes it back above 0, possibly toward 35. >> i want to clarify. it's not no more discounts. it's weaning them off. >> the weaker dollar, just to put it in context, they had on-site orthodontists and dentists for their london clients in orlando last year so clearly a lot of britains are coming over. >> oh, boy. >> what? i read about it. >> we focus too much on the whole parks thing and it's so much more about the cable. >> but espn is their biggest source of revenue. >> absolutely. >> time to put our ears to the wall. richard russell says we are simply a bounce in a great bear market. that's what he is calling this little rally we saw today. he's calling for the dow to fall back another 3,000 points. why? he says i see the dow as a heavy side of the see saw and the

heavy side of the see saw having tested the horizontal, dow 10,725 and having failed to climb above it it is now heading down to the level from which the whole bear market rally began. now, first of all, you may want to say, what? that's crazy. guy, maybe you should listen to him. >> he's been writing dow theory letters since 1968. he's been right a number of times, so don't discount him completely. and we had some people not on our show but on the network that said 10,722 level was critical. we tested it, touched it, and traded it off since. a lot of people think this is going a lot lower. we'll see. i don't think it's going that low but i'm sort of in his carp. >> do the fundamentals bear that kind out? >> absolutely not. we're clearly clubbing. i'll say this. if the market was to have that

precipitous drop, plunge protection team. i believe in it. they would never let that happen. >> i believe in 25% of the world's economies that year and i believe the s&p is diversified around the world and i believe corporate america has never been healthier from a balance sheet perspective. these are reasons why we could never do that and i think valuations are not that unattractive. >> let's just say for kicks that he's right. pete, what would you do? you hide out in high-quality stocks? puts? what do you do? >> if i actually believe this -- and i don't either -- if i believed that was the direction we were going i would definitely be looking at extreme conditions and try gog after puts because obviously you're going to be seeing a huge explosion and try to participate. i'm not seeing anything of the sort right now. broken clock is right twice a day, guy. this guy's been right. he's also been wrongful we have seen so many of these guys come out and tell us it's armageddon, we're going this way and that

way and all the rest of it. that's okay but we've not seen anything. >> you just broken clocked? >> yeah, you're right. >> you were very patriotic. >> i hate to draw attention to that. >> the olympic team. >> what did they do. >> why caz knsinos may be your house in the market right after this. honey bunny. [ babbles ] [ laughs ] we would do anything for her. my name is kim bryant and my husband and i made a will on legalzoom. it was really easy to do. [ spits ] [ both laugh ] [ robert ] we created legal zoom to help you take care of the ones you love. go to legalzoom.com today and complete your will in minutes. at legalzoom.com we put the law on your side.

welcome back to finance minister fp. we're anticipating the mother of all snowstorms to hit the east coast here. toughen up. >> snow. >> a little bit of snow. let's talk about toyota today. it was certainly a big bouncer jumping more than 2% even as the prius recalls are officially announced. take a look at that. what is worth noting is that the short interest on toyota has been ticking a little bit higher in recent days an you have to wonder if there's a little bit of a short squeeze action here. >> certainly the potential. i think people expected the to be much worse. we finally had the response that flood it. we talked about what that might mean for ad rev news. still the best run auto company.

toyota is ahead of ford. they're ahead of everybody over there other than a couple of chinese autoproducers. i like toyota. we love to tell this story. >> sticky pedals, prius recall, roy ter's obtained documents that the u.s. dealers say they're going to recall more than 7,000 camry sedans and it's still the best one? >> did you hear me say i think safety is not an important issue? i said the market's making a big opportunity. to me it means it's a place you have an opportunity. >> timmy clearly doesn't care about the kids. you are just -- >> that is not true. >> he doesn't own a toyota. >> i wasn't buying a car this year anyway but now there's zero shot of me buying a toyota ever. i'm a pretty average guy. i'm sure there are guys who feel like i do. i bet we have a -- >> remember the pinto? how about the pinto?

this has happened to everybody. >> it takes years to recover. if you remember the ford firestone recall a year later the stock was still down 23%. we do have a fast message because as promised we do read them. every single one. ss from coral springs. >> huh? >> ss, initials. melissa, how much upsid is there to ford considering all the problems and lost sales toyota is going through right now? anybody bullish on ford given the it. >> it's a derivative off of the ford trade. clearly if people are playing toyota right now and getting squeezed let's say they're moving in to ford, i don't know if you want to rush in. >> i think the nice thing about ford is you know the people are going to be coming from toyota and looking at more of the fords and efficiency and they were a company moving forward. so because of all those reasons makes ford very compelling, that much more compelling. and we talk about it all the

time. even though it's near the 52-week highs if you buy put protection, you can own some stouk. >> there with us an interesting note. independent research firm outlining how much inventory is on the lots. for auto nation it's like 20% of new vehicle sales were toyota sales. group 1, automotive. group 1 will probably have a significant eps impact because of this. not only new car but also the used car inventory as well because a lot of them are unsalable. >> you know what you're not going to hear around the dinner table? >> honey, let ee go out and buy a toyota. just keeping it real. >> let's move on and talk about the casino stocks. do you remember when president obama came on and said something like at a time when there's a recession people worry about their jobs? >> i remember a lot of things he said. go ahead.

>> we'll get the trade off of that from the prop desk from the one and only mike right after this.

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tighten your belts. you don't go buying a boat when you can barely pay your mortgage, you don't blow a bunch of cash on vegas when you're trying to save for college. you prioritize. >> folks, the miami boat show and in vegas. thank you, mr. president. they're all positive for the year. mike's back at the prop desk. mike, how are you playing these at this point in the rally. >> first of all, as far as the president is concerned, it gets most of its revenues and most of its cash flows from the cow, not from las vegas. if you really want to know where the story is, that's where you have to look. the story here is actually pretty bullish. these things are trading at multiple bullish. the thing is that seems to be the consensus as well. i'm putting on a contrarian view on this. i think they report next week.

if you were alonging to protect your longs you might look at the march 14 put spread. if you were looking to hu make an outright bearish spread, that might not be a bearish trade revenue. >> that's a name i would own at these levels. some were around 15. another name which is a higher beta name and a name with probably more upside is melco. >> mike khouw of canter fitzgerald. buying a stock that shot up 5% today. that's next.

time for the final trade. tim. >> earnings out, bhp, mining trade. >> pete. >> erts. >> kohl's. >> love pepsi. >> i'm melissa. i'll be off tomorrow but you'll be in good hands with bobpy zany. have a great night.