>> may 18th was the facebook ipo. >> the day that will live in infamy. but we'll see you tomorrow and by then we'll know what the earnings from jpmorgan chase and wells fargo were. >> thanks so much for watching, fast and very smart money starts right now. >> see you tomorrow. the market stalls again as tech loses its mojo. >> stocks attempting to snap back after four down days. is the correction over? >> this is not a great snap-back and today we're looking at it starting to fade. apple is really the focus for most traders. obviously a market leader is not acting well after a tumultuous week. >> but investors have bigger fish to fry, like our massive deficit. >> spend $1 million a day since the birth of christ, you wouldn't be at $1 billitrillion. >> i'm really worried that if we don't get these guys to pull together rather than pull apart,

that we face not only the most avoidable economic crisis in history, but the most predictable. >> so should you be bracing to jump off the fiscal cliff? >> i'm going to take the other side of that trade, i guess. >> you want to go -- >> the fast money guys. >> hey, i'm a hoot. >> guy adami will tell you that's what makes a market, this is "fast money." live from the nasdaq market site in new york city, i'm melissa lee. apple loses altitude, is the weakness in technology a canary in the coal mine for the broader market? and at this point, you've got to wonder whether or not tech is showing signs of some sort of breakdown. >> that's a huge issue. in october, tech is now down 3% for the month. and there's divergence in the sector performance. you have financials up three, tech's down three, and you've got the general, which is apple leading on the way down. if you look at that draw down in apple, and it is becoming more

of a draw down than a correction. it's 10.5% from the bernanke top. there's a lot of stuff with blow off tops up there, bernanke's got a lot of liabilities that people have to chase. you look at what's happened in the commodities and leaders and that's the suspect part of this market is that everything that was working all of a sudden other than the financials isn't working. >> there are a lot of people out there saying this is "fast money," oh, they're alarmists. >> who says that? >> the reaction when we say tech showing signs of a breakdown and we cite apple and well-loved stocks. here are the stats behind it. this is out just a couple days ago, they say about 27% of the s&p 500 technology index traded to three-month lows, that's the largest percent of any sector out there. 45% of the tech sector is now trading above the 200-day moving average. so less than half above the 200-day moving average compared to 67% for the broader s&p 500. these are troubling statistics. >> we've been talking about this for a little bit, there's a handful of stocks doing a lot of the heavy lifting, and so when

you talk about the selloff and why it's important, a small a amount of stocks in the nasdaq, 100 make a disproportionate amount of the waiting. all of a sudden, now, apple had this selloff that started a the the launch of the iphone 5. and you have launch and the stock -- it runs in and comes out. now we're starting to see other guys that are big components of the indexes, amazon, ebay, up 40%, 55% year-to-date, and i think it's a bit more technical in a way too. and it goes to the way people manage money. and even the big boys, not just the hedge funds. a lot of mutual funds have a november 1st fiscal year. and at this point, a lot of guys are taking profits, locking them in and really just making sure we don't have it all out disgusting october like we've had in some years past and let some of the best-performing stocks that make up some of the most performance in their portfolios go the way -- >> people have to beat the index. that's the industries, day-to-day, week to week, month to month. apple constitutes 20% of the xlk.

apple's down more than three times that. so, again, that's interesting. tech's actually outperforming apple. >> right. in terms of apple specifically, because a lot of people are looking at this pullback and wondering what is wrong with the stock. longer term, you are bullish, karen. you've been a holder for quite some time, are you using this weakness to add to your position? >> we bought some a couple of days ago, selling some of the put spreads and buying back some of the way out of money calls. you know, it's a volatile stock. i think that i'm looking past, you know, this week or next two weeks to think about not just this coming quarter, but also the quarter that we'll see after january. that to me, we will see some enormous apple numbers and i think the stock will be higher than where it is now at that time. where it goes between here and then, i have no idea. >> it's not just apple, apple, of course, is a stock to watch because of the reason keith outlined. but in terms of semiconductors, for instance, today we got a

data point from amd, warning of a 10% sequential sales decline, 10% sequential, so quarter-on-quarter compared to the 4% they were forecasting in july. >> seems like it's every couple of weeks with these guys. i know we've been there a long time. we've warned being involved for quite some time. and even now below $3, it's probably still going lower, but the one that should give you pause and one that's had a horrible year against the backdrop of until recently a fantastic s&p is intel which made another 52-week low today. so we've talked about this before, it's not like we're just coming out with this. intel, i believe, has been trying to tell you folks something since, you know, late may, early june. so, again, it doesn't necessarily look good for the market. >> this was up 20% one time of the year and now down about 10%. and what it's pointing directly at is microsoft. so microsoft, there's a lot of anticipation about windows 8 and it's going to be launched some

time in november here. the pc supply chain is a disaster right now. and so a lot of these stocks that we talked about at the start of the show are masking a lot of that. the windows 8 reviews have been bad. there is no pc upgrade cycle coming, and tablet cannibalization is a real problem and it's going to be around for a little bit. you've got to be careful with these names in semis and microsoft. >> take a look at the decline in pc shipments, hewlett-packard, by the way, no longer number one, dell seeing a 52-week low. what are you seeing in this space? >> it's interesting. certainly in the semi names, amd, intel in particular, the top three most active options were all puts. where microsoft and also actually some of these other names are concerned, you know, we're actually still seeing, i think, some speculative call buying. it's really interesting to me to see apple down as much as it has been over the recent period and yet the most active options continue to be the hold it and hope guys who buy weekly call

options hoping for a rebound. the other possibility is these are people letting go of the stock saying this is the way i'm going to protect myself from a snapback. >> let's move on. we are watching technology, but we are, of course, watching financials because the next market movers could be jpmorgan and wells fargo. let's bring in the vice chairman of aerial investments. charlie, always great to see you. >> thanks for having me. >> let's start with wells fargo, it's widely considered one of the best bank stocks, but you think it's not factoring in some of the head winds as others have. >> yeah, it's the best-run bank. it's probably the highest quality bank, but it's not an attractive stock. it's trading at about 1.4 times book when jpmorgan is at less than book and citi is at .5 times book. so it's the best, but it's not as much ahead of the competition as the stock price would suggest. >> let's talk about jpmorgan, i was talking to pete najarian this morning, and one of the

points he brought up, he believes jamie dimon was extraordinarily confident on television and he attributed to maybe the fact they're going to have a tremendous quarter coming up. you think there's any truth to that? if so, what do you think of jpm right here? >> i hate to make predictions about quarters, i'm going to break my rule here. i think capital markets activity is better than people think. i think the bond market has been extremely active, high yield has been extremely active. leveraged finance is really good, the bond desk, the desk at jpmorgan is doing very well as is morgan stanley's. i think they're going to have a good quarter. i think they've got their big loss in london under control. i think they're going to have a great quarter. >> it's karen. let me ask you something. you have a big overweighting in financials, it seems like. what's -- i like some of the financials too, jpmorgan in particular, although we look at tangible book, it's well over tangible book, but i still like it. why are you so big in financials. what do you think you could see out of the space? >> because the market has run so hard. the one area that hasn't run and

is still attractively priced is financials. people are still afraid, people are looking for safe places to invest in the stock market. and let's face it, financials are never going to be the safest place. so right now they are the cheapest. names like morgan stanley, goldman sachs, although it's had a big run are very cheap. kkr and blackstone. we think there's been really almost a once-in a-lifetime opportunity to buy some of these highest quality names. >> well, if you look at the quality versus the sediment, if it's trading at .5 times book, you might as well trade it at .3 times. cheap is cheap. but don't they have to deliver on the fundamentals? and what do you think jpmorgan has to do? i think everybody and their brother knows they're going to beat the quarter. >> well, they need to talk confidently about the future. and that's one of the nice things about jamie, he's very good about telling you about what he sees, telling you whether the business is getting better or worse. and i think he's going to have a relatively positive outlook tomorrow. and that does tend to drive not

just jpmorgan stock, but all the financials. i think he's going to be positive tomorrow. >> charlie, good to speak with you. >> thank you. >> and when we say charlie's got a big weight, 31% in financials. >> he better. >> that is a heavy weight. >> jamie better be positive tomorrow. >> i don't know. you know, i have no particular insight, i do love jamie, but have no idea what he's going to talk about tomorrow. but i have seen a lot of executives out there talk about how difficult the regulatory environment is -- >> yes. >> in an attempt, possibly, i don't know, but to talk about how difficult this administration has been on business. >> exactly, right. >> it wouldn't be so shocking to me to see. >> cautious. >> blankfein said that today in the interview. he said, look, this is tough on our business. i don't think he was saying we're going to crush the quarter. it's not a blanket -- >> i believe it's tough on their business too. i believe -- >> they are a little bit of a reining back of expectations. >> i would make one point, the

options market is only pricing about a 3% move which is actually shy. >> 3% of jpmorgan. >> 3% jpmorgan, up or down, but the last four quarters, it's averaged about 4.25%. there's a little bit of complacency heading in here. jamie dimon doing what he does well yesterday makes investors feel more comfortable. but at the end of the day, capital market business, investment banks, this is very strained here and i cannot imagine these guys can stick their head out on a limb and say it's going to get better any time soon. we've got your complete set-up ahead of the key vice presidential debate. from health care to energy, how you should be playing the latest developments on the campaign trail. and still to come, a very special guest visits "fast money." he's a rapper turned actor and we're not talking l.l. cool j., stick around for a must-see interview later on in the show.

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you can't learn to compromise an issue without compromising yourself, you sure shouldn't be in congress. in fact, you shouldn't even get married. >> that was alan simpson talking exclusively to cnbc about the economic need for congress to cut deals. one area there hasn't been much compromise is health care, and that's going to be a big topic in tonight's vice presidential debate. let's bring in the former fda deputy commissioner and also worked as a senior official at the centers for medicare and medicaid under the bush administration. scott, always good to see you. >> thanks for having me. >> you say that should obama be reelected, president obama, he will turn medicare into medicaid. help us understand how we can issue a trade based on that.

>> right, well, president obama's proposing to cap the rate of growth in medicare to inflation plus .5%. so if you're going to cap the rate of growth of medicare much below medical inflation, the only way to stay under that cap is basically sand down reimbursement rates. and look at the projections out five to ten years, they're looking at reimbursement rates crossing medicaid rates. doctors, hospitals are paid very little relative to what they're paid in the private market. that's what they're proposing to do under medicare. the only way they're going to be stay under their cap is to sand down reimbursement rates for doctors, hospitals, other providers. >> and the talking point tonight will likely be that vice president biden will say the republicans are going to gut medicare and medicaid. what do you say to that? what's the truth here? >> well, governor romney's proposing also to put medicare on a budget. the difference is that instead of appointing a federal board to cut reimbursement rates, what governor romney's proposing to do is give senior citizens

premium support. allow them to purchase insurance plans, much like they do under the medicare advantage plan. and the presumption is that insurance plans will compete to offer maximum benefits to stay within that budget, if you will. on medicaid, what he's proposing to do is to give states flexibility to administer medicaid budget and to continue to grow at gdp plus 1%. so the budget would continue to grow. the difference is that instead of having that program federally administered, the states would get their allocation of the money and be able to administer it on a more local level and hopefully tailor services to patients and make the program more efficient. when we've reformed medicaid in the past, all the good reforms that have been in the program have been examples where states got that flexibility as a result of waivers. >> if you look at how the market's interpreted obama's odds versus romney's odds, what's happened here as obama's lost his momentum, the health care stocks which were as hot as a fire cracker have corrected and seriously corrected. do you think the market's

interpretation of the general momentum of romney is right for the health care sector? >> well, the hospital's one sector that has been volatile relative what's going to happen in the election. i think the markets aren't interpreting it fully correctly because if you look at the things in the obama health care plan, there's a lot of punitive measures, medical device companies, the pharma companies. i don't think that this market that was going to be created by the new health care plan that gets started in 2014 was going to be as vast as the market was anticipating, it's going to be a heavily regulated market. basically commoditized insurance plans that weren't going to be the equivalent of what's currently in the private insurance market. i think their expectations that you'd get all these new people that would be ensuinsured and ie market, you would have those currently insured in the market being transferred to a federal scheme. but look at the estimates that came out three weeks ago and they're still estimating 30 million people uninsured in 2016 under the obama health care plan. >> scott, we're going to leave

it there. thanks for your time. the former fda commissioner. in terms of a trade, we talked about hospital stocks a lot. >> we talk about tenet, they did the reverse 1 for 4 split and the stock was up almost 1% today. and that's a name that's sort of defied logic. and even with the move that we've seen and the reverse split, which typically speaking is never a good thing, i think the thc is something with momentum behind it. >> should we start rethinking some of the hmo trades. it'll become a low margin insurance plan, essentially, as people are transferred to this federally covered plan? >> yeah, some of these stocks have been parabolas. so certainly not priced for no risk. so you have to really start to consider. i've never seen a market that is so dependent by sector and scenarios based on who has general momentum in the presidential election. that's one subsector of health care that definitely does. >> i do wonder, though, how having each state having their own process -- >> exchange, uh-huh.

>> -- could be more efficient. 50 times of government. of government entities versus one. i don't know. >> that's a good question. good question. mike, in terms of some of the options activity, what are you seeing in the sector? >> it's interesting if you take a look at a name like hca as a hospital, that would be one of the bigger losers. what we're talking about here for romney election, it has absolutely skyrocketed. probably in the low 30s at the end of september and up around 50. and, you know, put open interest is probably 30% higher than call open interest, that's highly unusual for pretty much any stock. >> and we should remind everybody, you can catch more health care coverage at healthy week.cnbc.com, and tune in for coverage of the vice presidential debate. let's also talk coal stocks because coal and coal stocks have been on fire, forgive the pun. since it was perceived that mitt romney was gaining some momentum over president obama. and of course, after he said i

like coal. so what do we see here? mike in terms of the options run we've seen in these stocks. >> yeah, we've seen a lot, actually, finally, of bullish activity. these things were all but left for dead. ticker anr saw a lot of november 8 call activity earlier today, probably almost 10,000 of those contracts have traded at about $1.06, a bet that the stock will be above $9, above shortly thereafter, december, 9 and 10 calls became active. and btu saw four times the daily volume with a bullish bias there, as well. >> no surprise the nat gas was up to $3.40. it is commensurate -- i don't want to say commensurate, but along with the rise in nat gas, we've seen the rise in coal stocks and they will be switching back by the utilities. >> it's not -- i don't know it's just an issue of switching. the other issue, of course, a regulatory issues, the coal stocks have been hit by limits

on emissions. and, of course, that is going to be a cap for them whether or not you're able to build plants that can have these types of emissions. and the thinking might be, romney said he loves coal that maybe he would help release the sort of caps that are keeping a lid on them. >> the thing you want to be really careful about here, coal got absolutely hammered since growth started slowing in march. you've got to keep that in the back of your mind how much romney likes big bird and coal. and for them to get demand back, that's what you need for coal to work from here. there is one in particular that caught the eye of someone on this desk, we'll reveal what it is and give you the trade after this. [ male announcer ] the markets keep moving. make sure the news keeps coming with thinkorswim by td ameritrade. use the news links breaking stories with possible breakout stocks, options with potential opportunity, futures and forex with in-depth analysis. it's an all-you-can-eat buffet for all things trading.

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welcome back to "fast money," a market flash on today's flurry of ipos. four companies coming to market today. shutter stock, riology holdings, intercept pharma and not such a great day for the markets, these stocks were higher due to their ipo pricing today. we'll find out which ones the

traders like the best. >> thanks. and realogy the largest firm by revenue, the parent of 21st century. >> yeah. >> and total banker -- >> century 21. >> yes. >> or is that the store? >> that's a store also, but that's a different story. >> different story altogether. i liked realogy, i didn't expect to, but going through it, i really think there's a lot to like here. there is a lot of leverage to a housing return. you have the way their business works, it's such a capital not intensive business. so they have great margins and you have a lot of ways to weight on this levered play. the real estate transactions could go up, that's good, the price of their transactions could go up, that's good for them, as well. also, they have a very good ratio of turning their ebitda into free cash flow. so since there's a lot of debt here and they can start paying down that debt, that free cash flow number will grow very, very quickly.

and you could really see earnings grow very quickly. that's very interesting to me. they also have a big nol, they're not going to be paying taxes for a while. and you are very levered to a real estate recovery here without being in some of the home builders, for example, that have run up, already, so far beyond where i think the actual recovery is. >> right. >> and i think even though, i mean, we bought a very little amount on the ipo that, you know, pared down completely to zero, not quite, we bought some on the open. i hated paying up $6, we paid $33. but i still think there's up side from here. one more thing to add, because it's so levered on the operational side of the business and on the financial part of the business, when they do start to trade options, which may be as soon as next friday, i believe, i'm going to want to look to hedge in the event i'm wrong and the story -- leverage works both ways. >> right. >> the downside, it could leverage, as well. >> one of the purest plays on the real estate market without

getting entangled in the rest. and you're dealing with mobile and ads and subscriptions for the services, yeah. >> yeah. i mean, we talked about this at the beginning of the show. the bernanke top, the stocks that have come down hard, the generals. toll brothers is down 9.5% since ben bernanke's top. to karen's point, if you want to be long housing and that is definitely not a unique idea at this point, it doesn't mean it doesn't work, but at the end of the day, it is more interesting to buy things that have not yet worked. and things like toll are putting your performance under pressure. >> let's talk sprint getting a big pop today. a deal would reportedly give soft bank a supporting role. take a listen. >> i think the trade sets up really easy on the long side. what will wind up being today's low is sort of your baseline and traded from the long side for there. because this story in my opinion is far from over and i still

think sprint -- >> far from over, very pressian, gee. >> traded 500 million. so, yes, the story was far from over then, it's far from over still. i think david faber might disagree. i think i heard him late innings. but there's a lot of back and forth in the stock. if you are fortunate enough to be in this and enjoy the ride after a day like today, take some profits there, folks. this was a nice run, not to say it can't go higher in a couple weeks, i think it's going to do the whole back and fill thing. i think it's far from over in terms of the trade. dave was probably right in close to being over for the actual transaction. >> and you nailed it. that was a great call, i think it was a little below five at that point, sold off 10%. this is going to be a very complicated story and multiple legs, smo ome of the stuff i wa reading, may be tough for sprint

shareholders. if they get this deal done, they're talking about controlling stake, so this isn't like a lay-up, you're not going to wake up one morning and see $7 a share for sprint and take it to the bank and sell it. i will mention one thing, today the options market was on fire in sprint. 100,000 or over 100,000 of the october 6th and the november 6th calls traded of each. so people are still positioning for more up side. well, it's the uber discount store that hopes to make a move into one of the most unlikeliest places. up next, ceo of 99 cent only stores could soon be shaking up retail's most luxurious locales. [ male announcer ] at scottrade,

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welcome back to fast. we are live at the nasdaq market site in new york's time square. big day for high-end retailers. burberry surged. so is now a good time to buy back into these retail names? the context is that burberry issued terrible guidance and so they came in better than that terrible guidance, which makes the results not as bad. >> not as bad. >> but still bad.

>> right, i guess it's a good job of managing expectations. >> right. >> i don't know what to make of it. you know, tiffany, since the bottom has had an enormous run back, burberry has a long way to go back. but i sort of feel like they're a little bit in no man's land here. >> this is precisely what a short seller looks for if you're looking for a short to short on some kind of strength. we've been looking for coach, looking for the pop. and burberry, come on, their numbers are better than bad. at the end of the day, coach has a slowing top line, margins compressing. actually 15 minutes ago, coach released an 8k, they're changing the reporting structure. i don't know that that means specifically, but at the end of the day for a company with earnings under pressure, that's the kind of stock you want to be looking at on the short side. big expectations there. >> we are short coach, by the way. >> you are? >> we've been talking about the one, there's no sure fire way to do anything. but the one retail play that's been working, on a tepid tape, mastercard and visa, names we've talked about forever, visa's within a whisper of the all-time

high. they're getting a little frothy here, but they still work. rodeo drive in beverly hills is home to a number of the world's most premier retailers, prada, chanel, but one discount retailer is looking to change the face of the luxury lane. joining us now is eric schiffer, ceo of the 99 cent stores. >> thank you for having me. >> how serious are you? the first reaction by many people was that your company has very cheeky advertising, you're humorous, et cetera, and this is a big joke. is it? >> well, we've always had fun with our advertising, tried to be clever and fun, but you know, our best store is on willshire boulevard, beverly hills is three blocks from here and it's the best sales volume we have. did about $12 million in sales. which is a lot when i'm only doing sales for $1. so we just figure why not move closer to the source of where

many of our customers are coming from in beverly hills. >> what kind of sales per square foot are you getting? the number one question, you hear rodeo drive and you think there's got to be really high rents. jimmy choo, gucci, you're going to pay the same high-end rent? >> well, one of the reasons we did a release is to avoid the cost of a real estate developer to get a good deal. that'll be the challenge to find a good lease rate. but we do a lot of sales per square foot at this store here. and we think we can do a lot over there. i think another thing about rodeo drive -- >> i think we're having some problems with that shot. we'll try to get eric back. >> -- traffic. >> eric, are you there? >> okay. we're having some problems, we'll see if we can fix that. the average sales per square foot according to the company's website that is open for at least one year is 295. >> how do you think those

screaming babies in the background go over on rodeo drive. >> you don't they have babies on rodeo drive? >> no. >> no. >> it's like willie wonka, there's no kids anywhere, you hide them. >> you know, i grew up in beverly hills, that's my hometown, rodeo drive, actually, there's a fair number of tourists on rodeo drive, and i've got to imagine that the neighbors of a potential 99 cent store footprint would not be delighted with the 99 cent store. >> it'd be like the worst house on the block. >> there goes the neighborhood. that's what would happen. they wouldn't be very happy. >> it's news for a reason. i think it's kind of ridiculous. to me. it's just ridiculous. >> okay. dollar store trade, dan. where do you go from here? not a problem, but they've been selling a lot of consumables. >> this is a great week to talk about this. we saw costco announced earnings. >> and walmart. >> this massive reversal. walmart, these stocks have performed very, very well, and

the low end has held up very well, coach, tiffany, burberry have struggled. some of these middle market to low-end market have done very well. well, all of a sudden now, dollar tree had -- they guided down q-3 to the low end of their range and all of a sudden now, you know, who knows where the bottom of these things, these things are off significantly from their highs, but there is a lot of room to go if you look at the two-year charts. >> the big issue here is that the entire year the economy and the stock market have been two different things. now you have the growth slowing and earnings colliding at the same time. you have to be very right on a stock. if they report the numbers and it shows up like that dollar tree, you have an issue. >> all right. we do have eric back, apparently. we fixed the shot. eric schiffer, ceo of 99-cent only stores from the boulevard location. good to have you back. we were just talking about the woes of your cohorts, the other dollar stores out there and it's interesting because at one point, there seemed to be the real competition to the likes of a target and walmart and people were scared that walmart and

target would have some real share loss because of these dollar stores. what are you seeing in terms of your business and the type of consumer going in there and the willingness to spend money in this sort of economy? >> well, i think one thing about 99 cent only stores versus the other dollar stores is that, you know, close to 20% of our business is perishable food, includie ining a lot of produce. >> wait, is that pumpkin 99 cents? >> you know, and they buy this -- in beverly hills, that i buy pumpkins, trust me, and instead of spending $10, they can spend $9 less. >> we want to pay $10. >> we have a lot of great friends, jamba juice, wolf gang puck. we have a lot of items that the folks in beverly hills would love. our stores are different than the average dollar store. i think there's a lot of business to go around and i think more and more people are realizing you don't have to spend a lot of money to get a great deal. >> and all of your products are truly 99 cents or less?

>> well, about five years ago we raised the price from 99 cents to 99.99 cents. but the only exception we make, we have gallons of milk are above. but almost anything else in the store is 99.99 cents or less. the pumpkins -- >> all right. eric, pleasure to speak with you. >> pacifiers. >> i understand you're going to allow your landlord a discount, 98 cents a product. >> lifetime discount. >> wow, quite an incentive. eric, good to speak with you. eric schiffer, the ceo of the 99 cents only stores. as if on cue, guy, a crying baby in the background after you complained about all the crying babies. >> it was perfect. >> i didn't make it -- >> that was all real. one stock, carl icahn boost, and all the day's biggest movers when we come back. and we hope you're getting

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take a look at the pop we're seeing in shares of j.b. hunt. much better than expected revenues. the stock has been down since it hit its all-time high back in june. so a little bit of a pop here. >> yeah. and this is a name people love to play from the short side and not particularly well until recently. but you've seen pullbacks in this name a few times over the last year, year and a half. i think what's going to happen because although it was a nice revenue beat, they missed on the eps side. i think it will rally, especially if it gets up to 60, to take a chance on the short side. so look for move up to 59 1/2, 60, then if you have sort of the audacity to go in. that's a good word? >> yes, excellent word by you. intermodal, by the way, was the real boon to the quarter. does that say anything about rails? >> you want to play the rail game? kansas city southern, ksu, if you believe this whole coal

story, if you look at what ksu said over the last few weeks and months, their coal business has fallen off a cliff. if you think it's coming back, these guys have been firing on all cylinders. they got a downgrade today, which is why the stock was lower. ksu has pulled off enough where if you believe the tape is going to hold this 1425 level, it's ksu. >> no, i want to play pops and drops. >> i like that game. my favorite. >> the movers you might have missed in today's session. a pop for jc penney up 8%. >> good day for jc penney. couple of potential reasons. one, i think there's a story, levi's talked about their in store at jc penney, boots or whatever you were calling were doing. and another one, a story of a $10 coupon sent out. i don't know if it was one or thousands of them. but made return to more promotional pricing. >> pop for citigroup. >> people are chasing the financials, up 23% year-to-date, and to jamie walking on water. if he doesn't walk on water, what are you going to do with citigroup? i say you sell it.

looks like maybe 33-ish in a hurry. >> downgraded mkm partners. you heard karen talk about the stocks ahead of the market in terms of the real estate market. i think these stocks have had their run and wouldn't be surprised to see them down over the next week or so. >> drop for dollar tree down 7%. dan? >> we were just talking about the space here. this stock is up 400% off the 2009 lows. they held an analyst meeting today, guided down to the low end of the previous forecast, about the election, high gas prices, long-term unemployment, the stock has more room to go. >> pop here for google, up 1%, mike? >> saw a couple of different things going on. an enhanced version of their street view on their maps application, lg announcing they're going to have the nexus phone. on the downside, motorola mobility lost the deal to seal the patent agreements between themselves and samsung in the apple ip lawsuit. so that was the downside. but in general, mostly good news

for google today. >> and a drop for hidden fees. you thought your phone bill was high, a woman in france recently received a telephone charge in the mail for more than 11 quadrillion euros. amazingly took some convincing before the phone company admitted they made a mistake. did they really think they were right? that's crazy. >> those text messages add up. where is she in france? >> the public service announcement. >> call somebody, have a conversation. >> go see them, knock on their door. >> it's free. >> pop for osch-kosh. >> carl icahn making a tender offer. i don't own it, though, i don't know what's going to happen. it was an aggressive move, i've got to say that, but i think it'll play out. it's trading lower than his offer, which makes me actually a little bit nervous. wouldn't play. >> pop here for freeport mac up 2%. >> look, these people are chasing mining stocks, coal

stocks, watch out for this stuff, when it falls, it falls hard. on a romney win tonight or thereafter out of that, you want to be watching that dollar and watching these stocks going back down. >> it's all joy to you now. >> that's true. >> see that? old habits die hard. >> you thought you were going to trick me. >> it's like -- >> i think piper jaffray had some positive comments the other day. this is a classic relief rally with a couple more bucks in it to the up side. >> a pop here for swimming with tigers. >> huh? >> for $200, a private florida zoo is letting customers get up close and personal with the tiger club. the 30-minute package deal includes playing, feeding, and of course, swimming with the ferocious feline. and if bathing with big cats doesn't get your blood pumping, for an extra $100, you can jump in a pool with a 4-foot alligator. >> unbelievable. hang on a second. if somebody gets mauled by this tiger, don't feel bad for them. >> they asked for trouble.

>> and don't be messing with that cute little tiger. that's all i've got to say. like that jerk that jumped into that tiger -- >> in the bronx zoo. >> wanted to be one for the tiger. >> jerk. >> anyway. >> sorry. >> he's probably not watching. here's what's coming up next on "fast." >> the "fast money" traders are used to rapping about stocks, and coming up, they're taking it to a whole new level. original gangster ice t. is stopping by to chat about the music industry and not coming alone. tim seymour is joining ice t. to drum up awareness for an important charity. that's all ahead on "fast money." you have to dig a little. fidelity's etf market tracker shows you the big picture on how different asset classes are performing, and it lets you go in for a closer look at areas within a class or sector that may be bucking a larger trend. i'm stephen hett of fidelity investments. the etf market tracker is one more innovative reason

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♪ i love the elmos. i saw four elmos on the same corner. >> tourists, if you're listening, don't. >> you know where that elmo's been. tonight is the ninth annual hedge fund rocktober fest, where they take to the stage to benefit a charity that provides

prosthetics and corrective surgery to children in developing countries. tim seymour will be there with his band, actor music legend and also good will ambassador ice t. will be there, as well. and they both join us here right now. great to have you with us. >> yeah, this is wonderful. this is cool. >> you too. >> tim's the drummer. >> ice, tell us how you got involved and how you became the good will ambassador. >> well, basically they're connected to a company that i'm partners with a company called azod watches, which i happen to be wearing right here. this is a start-up company where we're making big moves into jewelry world, and they called me and said, hey, ice, it's an event tonight, it has music involved and it's for a great cause. giving prosthetic legs for kids that don't have it. and you know, we tend to complain about so much in our lives. and every chance i can to do something that's going to help

somebody else, i always want to get involved. i'm riding in "law and order" and i'm like, dude, you're in a bentley. calm down, there's people really dealing with issues. so any chance i can, and plus it has to do with music, so i had to be there. >> right. and, tim, this is how many years now you've been playing with jam partners? >> this is my sixth year. and what's great about this event is because, first of all, id never get to play the venues i'd get to play. ice doesn't know it, but he's going to be playing with us tonight. it's a cause where you're seeing immediate impacts. i mean, they -- getting a prosthetic limb is making it happen. you're seeing children's lives changed. there's a lot of people on wall street that have been involved in this for a long time. it's an exciting charity, it's a great night of music, it's a great night to give something back. >> are you looking also for maybe some backers to help you with your watch business? >> no, i'm going to go in there and rub shoulders, that doesn't really matter. it's just -- it's just -- there's also this misconception

that people in wall street, you know, everyone's bad and no one's doing anything to help people. and stuff and, you know, some of these things require a lot of money and those people actually have the money to give. so you definitely got to go. you've got to go to the tree that's got the fruit on it, you know what i'm saying? so we're there. and this is their charity. it's not my charity. >> he's helping out. it's great. in fact, he jumped right in, and ice t.'s involved in a lot of events. and it's obvious this is a man who has been able to leverage a very cool, passionate image into big business, charitable endeavors and we're thrilled and certainly he's got a lot going on. >> mr. ice, can i call you ice? >> call me ice. >> he was talking, did you bring your better half with you? >> coco? >> you're a good looking man, but tim, we know. >> i can't go anywhere, somebody says where's coco? she might make it tonight to the

party. right now we're actually filming "ice loves coco" our third season on e! and she's running around, i think she's going to do comicon this weekend. >> premieres 28th on the e! network. >> yeah. >> great to see you, tim. pleasure to see you ice-t. drop by any time. >> yeah, and make sure you get a watch. >> we'll check it out. >> celebcalls.com, right? >> yeah. >> and if you're in the new york area, rocktober fest? still tickets? >> come see us play tonight. >> can i give them my twitter? >> yeah, go ahead. >> yeah, anybody out there big business, you want to talk with me, i'm a financial wizard. >> because i'm a rapper. >> perfect. >> it's a connection. >> i got it. it's @finallevel.

>> @finallevel. got it. stay tuned. ♪ [ piano ] you. we know you. we know you're not always on top of it. and how could you be? that often you just want... quiet. we know all that life demands from you. and how it's almost impossible for you to escape. almost. introducing a car made better for you in every way. the luxurious, all-new honda accord. it starts with you.