final hours. s&p 500 picking up a fraction, reversing all of its losses then some. have a great night, everybody. thanks for being with us. hope you'll follow us tonight for the presidential debate. begins at 7:00 p.m. on cnbc. "fast money" begins right now. it's your money at stake. >> the obama index going into tonight's debate is down. the romney index is up. >> will tonight's debate give the market clarity? or only more confusion? >> what we did was take away those leases and we are now, so we can actually make a profit. >> production on government lands is down. >> no, it isn't. >> production on government land of oil is down 14%. >> governor, what you're saying is not true. >> regardless of the election, investors continue to scream, i like ike anything. >> everybody likes ike for president. >> a lot of people on twitter is playing the name game, predicting the ipad mini will be called ipad air. nigel things apple will call the

mini the ipad and rename its latest full-sized ipad the ipad pro. >> election, apple, earnings. on "fast money" right now. and we are live from the nasdaq market site in times square. i'm michelle caruso-cabrera in for melissa lee. apple bringing the rest of the market with it. intraday chart, apple posting their best day in five months. what's the takeaway, guys? here's goldman sachs coming out saying enough is enough with the saleoff. is that enough to make this stock move like that. >> i don't know. in the last two days it's moved nowhere actually. $2 billion here, $2 billion there. that goldman piece is nice that it was oversold but i don't think any of it matters until we start to see the number for the mini and the 5. we're not going to see that for a little while longer. >> mr. new world? >> i think from a technical

standpoint apple is oversold. it's down from the 705 high, now over 14%. the 200 day sits at 584. goldman's note was good. it talked about 24.6 million iphones. what's the guidance going to be? you know, just a question for you, john, now you have apple which made the high in the september options expiration. now apple makes the low on the october expiration. is this something that we all have to start looking at? >> joe, i actually have a mini ipad right here. it's the first one that's been delivered. that is the i-mini. no, it's not, it's definitely not a -- that's actually a fu . full --. no. i thought it was interesting. joe, they caught an awful lot of folks flat footed or short, significantly short in apple today. i agree with you. i thought it was very oversold friday but it did keep going

down. that goldman sachs note turned things pretty dramatically. then there was a vwap. >> volume weighted average price. >> a big program that ran into the final 30 minutes or so of the day that turned apple significantly from about the 626 level which was the high of the day and every idiot, pardon my french, that's not really a french term -- i was in france -- idiot. anyway, a lot of folks were saying -- >> hold on, we want to listen to yahoo!'s conference call. marissa meyer. >> one i had great respect for when i first discovered it as a stanford student in 1994. at that time yahoo! was called jerry and dave's guide to the worldwide web. even then it was on what an essential tool it was and the incredible potential. beyond that potential and its storied history, some of you might ask, why did i, in particular, come to yahoo!? in short, this job is tailor

made for me. the core components of yahoo!'s business, search, mail, ads, mobile, news, and the home page, are also the core products that i built my career upon. so my answer is simple. i came to yahoo! to grow and to help redefine one of the internet's most beloved companies. this afternoon, i'd like to discuss my priorities over the past quarter, including our efforts around people and products, then following ken golden's review of the third quarter financials i'll discuss the vision and direction for yahoo! moving forward. let's begin with our people. companies are all about people. and the companies with the best talent win. it's no secret that our team has experienced numerous changes this past year. from my very first day in july, we've been zeroing in on the efficiency, wellbeing and accountability of our 12,000 employees. we look closely -- >> that was pretty bold. isn't it?

i mean, we wondered if she was going to talk about products versus content. right out of this gate she defends her role taking over this job. what do you guys think. >> i think she also said that vision and strategic direction are what it's all about, too. so, you know, if we believe she's the person that can craft that message, that's what everybody wants to hear today. and, you know, five ceos in five years i think people are saying, you know, show me something new and talk about it later. so we'll see. at the end of the day yahoo! is very interesting, though, when you consider the sum of the parts. there's a lot of cash on the balance sheet. that's really where i think tactically investors are more focused on the short term. that's about tactical vision. the big strategic vision i think is yet to come. >> she's dynamic clearly and i think investors will reward that in the long term. i also think that the u.s. recovery and the strength that we're seeing domestically plays directly into what yahoo! does well, so you're looking at a stock that is now lifted slightly above where it was when she joined in the middle of july. you still need to hear further

commentary on what was discouraging to investors back on august 9th. what are you going to do with the capital? are you going to return it to shareholders or not? that's really, i think, what's going to motivate people who are sitting on the sidelines to get into the stock in a more aggressive fashion. >> and, michelle, a lot of times when a ceo comes in, especially with a pedigree like this, they try to buy themselves a lot of time. she's not trying to do that. from everyone i've talked to at yahoo! this lady is really gunning, and she is demanding the that if somebody says, yeah, i can deliver that in three months, she'll say in three months i'll have a new person in that seat. i want it next month. in other words, she's pushing them hard to get things done. and i applaud her for that because i think that's one of the things that yahoo!'s been accused of and has been actually very real. stuck in the mud. >> scott nations, what are you seeing in terms of the options trading? >> huge weekly call volume in the 16s. people bought 40,000 of these and paid about, well, they're worth about 20 cents on the

close. so these are already profitable. largely i think because yahoo! has tremendous potential. i mean, people still know the name. people are still willing to try it. she talks about the home page. if you go to the yahoo! home page, it gives you news. if you go to the google home page, it doesn't give you anything. so i think she sees exactly what yahoo! can be and she's probably the first ceo out of the last four that they've had who has that kind of vision. everybody else wanted to change the business. it sounds like she wants to make it the sort of thing that it can be. >> i normally hate boy/girl discussions. karen, you're the only girl sitting here tonight. as am i. >> we're both the only girls. >> the fact she comes right out of the gate. >> you can count better than i can. the fact she comes s out of the gate and addresses the rumblings behind closed doors, saying, this job was tailor made for me. >> it's aggressive. normally the street would give her a pass and she would be certainly within her right to

say, you know what, i haven't finished my overall review, it's going to take time, i'll get back to you next quarter. i mean, she just had a baby three weeks ago. that's sort of interesting. that's pretty aggressive. >> and, again, i think the way you look at this is marissa meyer is the put in the yahoo! market and they have not had that in a while. it does not mean you're going to see aggressive institutional buying in the name. there's further fundamental conditions that have to come forth for that to happen. she's the put. >> don't move. we're going to have more updates from yahoo!'s earnings calls as they come in. let's get the initial reaction to yahoo!'s results. joining us, darren chervitz. what do you think of marissa saying she's tailr made for the job and the job is tailor made for her. >> i'm surprised how bushy eyed

and bright she sounded. my wife and i had a baby the day after her baby boy was born, and i'm so low on sleep, i don't know how she's trying to turn -- >> i want to make point, i want to make the point if she were a male and the wife had had the baby, you wouldn't be discussing any of this, right? we wouldn't be chatting about this. >> no, no, i'm as tired of my wife. no, i'm absolutely -- well, look. you know, that's biology, i guess. i'm impressed by the fact she worked, you know, pretty much straight through maternity leave. and, you know, it's one quarter. you know, we've seen reaction, early reaction from previous ceos that has been positive, and turns out to be not the game changer people were hoping for. i'm very excited she led off the call talking about she was going to be talking about the vision and direction of the company. because i want to hear specifics. all she's done so far is primarily trying to change the culture of the company which is important and difficult.

you know, free lunches, iphones for everyone. and now it's about changing the business. and that's going to be a much tougher task because the fundamentals of the company, you know, people are cheering these rul results. obviously we're pleased with them. we're talking about 2% revenue growth. search is still a challenged business. display is a challenged business. >> yahoo! is your third largest holding. at this point, what do you do? you're going to hold on for longer or wait to see what she actually does? what are you hoping to hear from her tonight that you think is actually going to move the stock? >> i don't know if anything tonight is something that is going to make us have a decision one way or another. we think there's a lot of value embedded in yahoo! 700 million users and a potential to monetize them very effectively. i like the direction she's going trying to find little technologies within yahoo! that can gain scale and monetize more effectively. tonight, again, i want to hear a blueprint that sounds reasonable. i want to continue to hear

movement along the front of hiring the right people. she's done that. as a great cost. some of these new hire, the compensation has been frankly a little bit egregious in my opinion. so i'm not so worried about tonight. it's one quarter. >> okay. >> the more pertinent point is, what are the first big, bold moves she does? i mean, you have to figure she's going to make some acquisitions soon. >> darren? >> yep? >> your biggest holding is apple. finally moved higher today. were you getting nervous about the selloff? >> yeah, a little disconcerting. there were issues with supply chain and iphone 5. tomorrow is a big, big day for the company. the potential for an ipad mini is enormous. they have to get the price point right. if they come out -- i was reading some stories today about 3 300, 350. if they come out there when there's already very strong devices, smaller tablets at 199, i think they're making a huge

mistake. if they can price it at a small premium, $250 or less, i think this is going to dramatically expand the available mashrket f the company. >> darren, thanks for joining us on the fast line tonight. >> thank you very much. >> darren didn't make the case strong enough. there are viewers watching the show looking at yahoo! saying it's dead money, not going anywhere. >> last three years. >> everyone on this desk tonight has said, okay, yahoo! looks like it's a much better quarter here. potentially you could hear things in terms of capital allocation that are favorable. put the marketplace. again, what gets folks aggressively to go into this stock, what is it about it you are going to see significant pricing appreciation? that's the ultimate question. i don't know if that's been presented tonight by darren or yahoo! s next on fast, yahoo!'s ceo marissa meyer faces analysts for the very first time. we'll talk more about that. plus is the s&p 500 flashing a huge warning sign? and coming up, the noted

technician who called the recent top in tech tells you the one sign he's watching for right now and why it should be on your radar as well. tom demark is up right after the break. looking for a better place to put your cash? here's one you may not have thought of -- fidelity. now you don't have to go to a bank to get the things you want from a bank, like no-fee atms, all over the world. free checkwriting and mobile deposits. now depositing a check is as easy as taking a picture.

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a market flash right now. watching the afterhours movers. >> hi there, michelle. we're watching texas instruments specifically, reporting after the close. the revenue is actually higher than expected. the number that we're looking at for eps now is 52 cents. a little confusing in terms of

how they're calculating it. there's a couple of numbers floating around on the street. as you can see, the stock is not getting hit that hard. also looking at the fourth quarter guidance which looked lower than expected but a lot of analysts were saying they had factored that into these numbers which could be another reason why we're not getting creamed here. last but not least reason i want to point out is the gross margin number. 51.3%. that was higher than the 50% expected and higher than last quarter's 49.5% as well. of course, we're going to be listening to the call in 15 minutes. we'll have more updates for you then. >> from the intraday chart, see how erratic the after-hours trading is in the stock. >> confusing is never good for a semi that basically right now the entire sector is down close to 15% in the last month. texas instruments, 2,606. the july two-week low. that's where i think it's going. i wouldn't touch any of the semis right now. maybe get away with a maximum mxim. the semis to me are secularly

challenged. >> have stock investors seen the high for the year already? you're going to know within the next ten trading days according to our next guest. let's bring in tom demark, ceo of market studies and creator of the demark indicators. we're bringing him on because if you listen to him call for a top in tech stocks in september he would have saved you have a 6% drop. good to have you on the show. we're all excited. tell me first how do you make these calls? is it overly simplistic to call you a technician? >> no, i'd rather the description be more a market timer. we've used mathematical models to arrive at totally definitive objective impressions as to how the market is behaving as perspective market tops and bottoms. we try to anticipate the tops and bottoms before they occur so we're really exhaustion, we use these models to identify trend exhaustion. >> okay. trend exhaustion. i think people understand that

intuitively. the trend at some point runs out of steam. what are you calling for right now? >> well, we're looking for right now is really, it's past tense. at the april high, the nasdaq, for example, the nasdaq topped as did the s&p average into the june low. and both of them, both indices worked concurrently and both produced what we call 13st which identify exhaustion. when the last seller is sold figuratively speaking. we try to anticipate the bottoms rather than buy after the low as it's very difficult to buy after a trend has already begun. >> we're in the middle of a pullback that you are saying you predicted. so how much more do we get of this pullback? >> see, what we did, on september 14th the nasdaq 100 produced a 13 which was the exhaustion of the trend to the upside. then the following week on september 21st, the nasdaq composite followed suit. the s&p really didn't work in --

the s&p futures really didn't concur until october 5th. what's happening now, we've got a leg in the s&p cash. this is somewhat akin to what happened throughout the period august of last year, august into september, into october. the major, number of major indices produced bottoms. one in particular, august 9th and then subsequent bottoms. but the s&p cashed a leg and didn't make its low until october 3rd, october 4th. what we're looking at right now is a prospect of a possible one more move upside in the s&p cash which is the spx. all the way up to 1,478.03 to 1,485.33. and at that time, which should occur within the next 10 to 12 trading days, that the market should top out, that market, and the other indices such as the russell and small cap and technology indices that have already made their tops should recover anywhere from 40% to 60%

of the recent declines and they will not confirm that peak, that rally. >> okay. >> tim seymour is trying to get in here. >> tom has been one of the littest secrets on wall street that guys have been buying for a long time. i characterize tom being different, he's less subjective than technical guys and i think you call him a mathematician. what we try to be, it's somewhat contrarian. great call on china. i think about six weeks ago, nailing a bottom. where else can we look at places that are so hated that, again, you're starting to see your indicators with counts as you call them that are starting to say these are eight, nine buys? on bigger trades people are looking at and that are hated, where are you contrarian here? >> there really isn't much in the equity side of the market. it looks positive at the current time. we're in the midst of a decline, and i don't see this decline abating for some time. i think we probably made the highs for the years definitely

in a number of these indices. the only one that has some redemption left would be the s&p cash. obviously you get sympathy with the s&p futures and some of the derivatives but even the etfs, etns all topped as well. this is a singular call. it's pretty much a solo move that we're expecting and it's really a bold call because last year after the august 9th low, the august 8th closing low, when the market experienced a rally from around 1,001 in the s&p cash, no one expected the low on august 8th and 9th to be undercut. it turns out the market made a low of 1,075 and fraction before it rallied. like i said, if you use one of the starts we provided was the inve inverted, the inversion of the august/september low, and if you look at it, we're on the same cycle right now. we've had a rally since the -- into the august 8th low last

year from the early may, late april peak, was 114 days. >> tom, what would you have to hear or see right now to change your mind? in other words, what would have to happen in the market here for you to turn from this very bearish outlook that you have, in particular starting in the tech, but what would you have to see, sir? >> i don't think -- we cannot turn positive on the market. like i said, we're right now only holding to the s&p cash at a rally. the overall trend of the market is definitely down. we're going to see a very long extended decline. we've made the highs for the year. the environment we're in, which is pretty much the reverse of what we experienced last august, september, we can't see this spike up. i don't know if it's going to be a catalyst such as the debate, possibly the election, but you'll see a sharp move upside according to our work. like i said, we're operating against a trend which we don't like to do. >> all righty. tom, thank you so much for joining us. appreciate it. we got a little bit of a

satellite delay i think, so we're getting cut off. it was great to have you on. great insight. we're going to discuss a little bit more behind your back after you guy, okay? >> okay. thank you very much. >> what do you guys think? >> i think first of all, again, some of the smartest in the world have been doing this for a long time. now that everybody is following this guy, you know, are these friends not as powerful? in fact, probably the opposite. you are stilling strength, you're buying weakness. this is why it's very interesting. it's pretty scary to hear him call a top end for the year. what he said is basically it tells you where people are positioned. people are positioned for a year-end rally. clearly these guys aren't there. >> all righty. coming up, a massive drop from monster beverage today. we're going to get to the bottom of that move. plus, it was the under the radar buzzkill of today's session. we're trading the selloff in energy with commodity king gartman. that's coming up next. in america today we're running out of a vital resource we need

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welcome back. let's get an update on yahoo!'s conference call. cnbc's julia boorstin has been listening in. julia? >> michelle, ma rarissa meyer

saying yahoo!'s top priority is mobile, creating a focused coherent mobile strategy which includes attracting a strong technical base of talent for mobile and also figuring out the best advertising solutions. saying that they have re newed their commitment to owning and displaying market share and make ads effective. she's doubling down on the mobile space saying yahoo! has simply not capitalized on. she's owning up to the fact yahoo! has fallen behind in mobile and wants to make the progress. the company says it is not going to give any guidance because the cfo who spoke on the conference call, his first day was today. but they will evaluate over the next quarter the best way to give guidance. we're now going to the q&a period. i'm going to continue to listen in. michelle michelle? >> thank you so much, julia, for the update. so mobile strategy, i don't think any of us should be surprised, right, that's going to be one of the top priorities? >> that's not why you're buying

yahoo! >> why are you buying it if you're buying it? >> for the ability to return capital to shareholders, buying yahoo! for the strength you're seeing in the u.s. in terms of search. you're not buying on the belief that they'll be able to create a better mouse trap than a google or a facebook. >> in fact, exactly, because everything that google told you is that the trends are deteriorating not massively but absolutely in search and display. how are these guys going to be that much further ahead of google? >> what about the contrarian position, nobody has gotten the shift to mobile right yet, nobody's done it yet. maybe they come up with a better mouse trap. nobody is ahead of them. this is the one area where nobody's ahead of yahoo! >> maybe jim is going to have hair by the end of the show. >> the trends are not bad, the trends are through the roof. what's bad is they're going so much to mobile. >> hold on. the question was how is her vision different from all the previous ceos? is that the question? let's listen in. >> it's about improved execution and seeing the opportunities

that already are apparent within our business. that means focusing on daily habits like search, mail, home page, mobile. it means investing in key verticals where we're already in a leadership position and we need to make the bridge to mobile. finance, news, sports, games, messenger, flickr, answers, groups. the core big properties here at yahoo!. i also think it's really important for us to be a terrific company to partner with. not only for our advertisers, but also for other technology companies. yahoo! occupies an interesting and unique space where we don't have as much channel conflict with other players in technology, as many of our other comparable companies. which means that we can partner with different companies with their browsers, with social networks, with their mobile operating systems. and i think that there's a great opportunity there. and i also think that the

mobile, the mobile wave is a huge wave for us to ride and it's a great way for us to take our content and our current investments and make them more relevant moving forward. in terms of your second question of search versus display, these are already two very large, very successful businesses. so i think it's difficult to say which one we should choose. it's somewhat of a false dichotomy. that said, i do think that there is potentially more upside in search. we can see right now some of the montization challenges we've faced there is an opportunity there to improve montization. that said, the content investment that we've made yields so many impressions and page views and so much opportunity around advertisements so it's very compelling. when i look at yahoo!'s business, we again, occupy a very interesting and unique space in the market where what we see is that because we have

people who are interested in finance or interested in entertainment news, interested in sports, we fundamentally have a great segmentation of audiences already. and many of the other people who operate in terms of display advertising are either less granular and they understand less about their users or are much more granular. what we find, when i talk to advertisers, what i've seen and heard from them is that the -- >> all right. we're going to have julia boorstin continue to listen in. lack of conflicts allows yahoo! to partner. is that an oblique reference to the fact apple and google are head to head and two companies that used to work so closely together with now in the fight for their lives against each other? >> yes is the answer. it is. and it's also ahead at amazon. when you have amazon which has their product and basically all the retailers virtually dumped it because, you know, it's the stealth product that gets into your hands and then you buy things through them, that's another thing that yahoo! doesn't have to deal with right

now. >> i know. it's all about yahoo! and apple today. but also big moves in energy. natural gas plunging 5%. oil falling about 2% right at the close. with more on today's action let's bring in commodity king, dennis gartman, who joins us live from virginia beach. good to see you. what happened? >> a lot of crude oil out there, a lot of energy out there. i'm bearish on the crude oil market. you need to pay attention to how the futures market, term structure of the futures tells you ahead of time what's going on. you had the contango in west texas intermediate kept widening even on days when crude oil was going up. that's crude oil bidding for storage. there's an abun dance of crude out out there. at the same time you have problems with the cftc inhibiting the amount or size of positions that people are allowed to have. and over in france you have the market -- nobody wants to store that kind of crude.

so you have the retailers who in the past might have built inventories are simply saying we won't build anything from brent. they are, however, the nonretailers, the tone eowners crude are building up insventor in the united states. that was the pressure on market. natural gas having tried to rally specialry with talk about colder weather coming couldn't take it as crude oil was plunging. stop orders got elected. there's just a lot of supply out there. >> if you're a novice viewer to cnbc, don't worry if you don't understand words like contango, backwardation. do you want oil delivered one month, six months from now? the way that plays out can have impact. dennis, where do nat gas and oil go from here? >> crude oil clearly wants to still go downward, michelle. i see no reason to think it's going to rally. the only hope crude oil had was gasoline. what i think is interesting is that here in the united states, the age of our automobile fleet

is, what, 10.75 years old. we are driving less but every time we get rid of an old automobile that might have gotten 12, 13, 14, 15 miles to the gallon, we're replacing it with automobiles that are going to get 25, 28, 30 miles to the gallon. we're driving less and we're driving more efficiently. that's not something that's going to put an upward bid on crude oil prices, on gasoline prices. i think the trend is downward. i think rallies are going to be sold into. i've been selling it for the last week and a half. if we get another rally tomorrow, i'll probably in my newsletter tell people if you didn't sale ell it today, sell tomorrow. >> thank you for your patience as we go through the yahoo! conference call at the same time. joe, how are you trading this? >> i remain consistent. i think oil is in a range, tilts to the downside. natural gas is surprising today. i think you play oil defensively, you own an exxonmobil which i do. i think that's the right strategy.

>> all right. we heard marissa meyer say earlier the race is on. she's diving headlong into the race to monetize mobile. they missed that platform shift. she's not going to miss it now. who's set to come out on top? we're going to talk to the ceo behind cutting edge ad campaigns like this one. >> we started by putting every page of jay-z's book out in the world every day for a month prior to the book's release. fans could walk through jay-z's life right where it happened finding pages in 13 major cities in the u.s. and abroad. >> andrew essex, the boss at droga5 is up next. maybe he can give advice to marissa meyer. apple may not be unveiling the ipad mini until tomorrow but we're giving you a special sneak peek after the break. stay with us. that's after the break.

welcome back to "fast money" live at the nasdaq market site. facebook's third quarter earnings results are due out tomorrow. one of its biggest growth engines, mobile, could be one of its biggest risks. is the race to mobile through tablets and smartphones killing technology both old and new?

joining us now, andrew essex, ceo of advertising team droga5 whose clients include kraft, coca cola, hennessy, it goes on and on. look at the screen if you want to know more of the names. can anybody monetize mobile? is it possible to make money on a tiny screen like that? >> it's definitely possible. i don't think facebook is the problem, yahoo! is is not the problem. it's how they behave on the platforms. tons of people using facebook. what does demand do on the little screen? new rules, any behaviors. >> those don't exist yet, do they? >> there's no precedent for this. what do you do on the little screen? you have to behave differently. you can't annoy people. >> wouldn't it be awesome if yahoo! or facebook or somebody came up with the solution set? and then they would be first to market and help all those companies fix that and make a lot of money? >> it would be totally awesome but the brands still play a role. facebook doesn't tell the brand what to do. the brand has to communicate in an effective way. it's incumbent upon the brands to learn the rules of the

platform. >> what are the rules? what do they need to do that they're not doing now? >> it begins with this tiny screen. look of it from the consumer perspective. look at everything from a consumer. you're in little screen, moving around, don't want to be annoyed. you want utility. give me something i can use, a service, a coupon. big brand positioning doesn't necessarily work on a little screen. annoying messages work less. bad advertising works less on a small screen. >> the usage on this, okay, it's momentary. you're on this device. you're not going to sit here and place in order at bath & body works for timmy. you need to almost be forced into using this. the only time i have used this o order something is coming out of yankee stadium quickly going on stubhub and buying tickets. that's it. you have to be forced to use it. >> the device also knows you're at yankee stadium and might be thirsty and might want to get something from a vendor. >> that's just an instance. how is it you have consistency of usage when you're really not sitting for a great deal of time

in front of this screen? >> right. i think it's, again, about adding value to people's lives on a device that they're controlling. they're not sitting back on the couch, they're active. you can't just annoy them. you have to add value to people's lives. >> well, andrew, so back to facebook, i mean, these guys have more data than they know what to do with and figured out how to monetize. what do you think is their path to success in this? this is something people are going to talk about in a couple days. >> they're testing all the time. you have tons of data like you said. what do consumers want? it's a new world. i don't think there are precedents yet that actually work. it's incumbent upon the brands to solve this problem. >> have you seen any facebook that works? do you think of any facebook advertises that works? >> there's a great plan for i.d. gum, new gum aimed at teens. it's playful, gives someone something to do. kind of an arcade. >> one of your clients. just for disclosure.

>> help promote there. it it's something that lets people participate on the rather than do something that annoys them. >> yeah. this play is not over. we don't know the ending of this. going to be very interesting as everybody tries to figure out what is the magic sauce that makes it work? thanks so much for coming on. really appreciate it. >> thanks for having me. so let's trade facebook and its earnings tomorrow. scott nations, how are the options traders positioning ahead of the big report? >> somebody thinks facebook has gotton figured out. one trader bought 1,100 of the no 21 calls. paid 80 cents. that means their break even is 2,18 o. expect pa ex-fa ex-fa facebook got slightly above that level end of august, beginning of september. it couldn't sustain it, so this call buyer thinks the stock is headed back above that level and go up by quite a bit. >> dr. j., what do you think of that? >> i like that trade. i am long facebook and one of

people who has been long and wrong facebook except i keep harvesting option peopremiums, selling them against stock i like here. i like facebook. i think they'll get mobile. i agree with the gentleman that was just here. the location services is what it's all about. location, location, location. for them to be able to push you basically, michelle, and tell you as you're walking by this particular area that there's a deal on something there, that's what's going to make it pay off. >> i want a coupon for the dumpling truck that's right outside the nasdaq. >> they're giving those away. they're giving those away. >> all right. with the two presidential candidates set to square off for the third and final time tonight, what should you be watching? coming up, find out what corporate america wants to hear and what one ceo thinks it will take to get america hiring again. the boss at korn/ferry is up right after the break. [ male announcer ] trading's like a high-speed train. and you don't want to miss it with thinkorswim by td ameritrade.

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let's get an update on yahoo!'s conference call. cnbc's julia boors stin joins us with the latest. >> asked a question about acquisitions marissa meyer said

she does not have particular acquisitions in mind today, referring referring to shat -- she's stressed instead of doing larger acquisition she's looking for what she calls smaller scale acquisitions that align well with the company, talking about acquisitions in the low 100 millions or the double-digit millions. so really looking around that $100 million mark and not the $1 billion range as some speculated going into this call. really looking at the tuck-ins that fit with the company. back over to you. >> we see open table falling off in the after-hours trading as a result of that. thank you, julia. the third and final presidential debate will take place tonight. it's about foreign policy, however, domestic issues still weighing heavily on voters' minds. the u.s. still facing high unemployment and uncertainty of the fiscal cliff. how are these factors impacting hiring? let's bring in gary burnison of korn/ferry. good to have you here tonight. why aren't ceos hiring right

now? is it the fiscal cliff, the uncertainty of the election? >> well, yeah. for sure. the question really isn't the fiscal cliff and you're going to go off of it. the real question, are you going to stay away from it? that's the real issue. not what going to happen november 7th but december 7th and february 7th. there's a great deal of uncertainty. >> when you survey ceos, what are they telling you? >> needs to be a plan. ceos can read income statements. they see this country, you know, for every $3 spends $4. and that's just not sustainable. there's a several trillion dollar gap that has to be bridged and so ceos want to see that bridge. we've got, you know, it's a just-in-time economy today. and there's this real tug-of-war going on between the just-in-time economy, the uncertainty and on the other side borderless ceos. >> what does that mean, a borderless ceo? >> well, as a ceo i never think of myself as an american ceo. i just never think that way.

if you look at the levers you have today as a ce, yo you don' have the conspicuous consumer. that is gone. the question is, how do you drive growth? there's a real fight for growth in relevancy. you either have to innovate or have to look to the world's 7 billion population for growth. >> so that's different than the spineless ceo rather than the borderless ceo, right? that wasn't funny. nobody laughed. looking at surveys, do you think ceos of major international companies that are u.s. based are working hard to hire american workers? the vast majority of respondents say no. 73% said no. who are you asking and why do you think they think that? is it accurate? >> well, i think it is. because, you know, as a ceo your first task with growth, and, you know, honestly, it doesn't make any difference if the growth is east to california or west to new york. i mean, what you're trying to do is grow the pie. and in this environment, you know, the left is becoming further left and the right's becoming further right.

self-interest trumps shared interest. and differences overshadow commonalities. and so what we want to see, as a ceo, is the plan to bridge this deficit that's just not sustainable. >> no, it's not. maybe we'll hear something about that tonight, but unlikely. gary, thanks so much for joining us. we really appreciate it. >> thank you. >> be sure to tune in for cnbc's special coverage of the last presidential debate. kicks off at 7:00 p.m. i'll be there through midnight if you haven't had enough of me. if stocks are any indication, romney could keep it going. the propriety index, stocks that stand to benefit from a second term of the president. it rallied today. meanwhile, cnbc's romney index which includes stocks that could benefit from a romney win like peabody energy and morgan stanley, it rallied almost 1%

today. guys, what are those charts telling you? >> romney rally index is definitely driven by things that are fundamentally a backdrop we're seeing anyway. again, industrial but cyclical even in the resources is something that we're getting and it's really nothing to do with what's going on here. it is what's going on in china. it is some restocking. it's not full steam ahead. all right. coming up, one of our traders has dug up a play that's sure to put profits in your profit. stay tuned because we will show you our trade of the day and it's a shiny one. when we come back. i look at her, and i just want to give her everything.

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it's the moment you have been waiting for. our trade of the day. dr. j. has the honors. what is it? >> that's right. johnny depp starring in the new remake of the lone ranger. it's silver, michelle. slv. >> okay. >> not johnny depp. you can't trade stock on johnny depp. >> not yet. >> you can trade stock on slv. they were buying aggressively. here today, nearly 5-1 calls to puts. the stock made an august low around 26. it's moved up. looks like it's trying to make another leg up here. take a look at it right around

the 31 level. like i say, five calls traded today to every one put in slv. >> that is a good trade of the day, dr. j. all right. coming up in the next hour or "mad money" cramer has three big exclusives from the c. suite. png food ceo, his big exclusive with chipotle cfo after the stock got hammered yesterday, or last week. bears feasting on shares of the maker. and the ceo of polaris industries. can the stock continue full speed ahead? coming up on "mad money" which starts at the top of the hour. don't move. we'll be right back here on "fast money." purposed up for the debate? i have answers on the street's debate over if chipotle is losing customers to taco bell. the market has been on a bumpy ride latedy. the ceos on "mad money" coming up next. so hang on. ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want.

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let's solve this. time for the final trade. let's go around the horn. scott? >> s&p had a very impressive final hour, but it's sitting right on the 50-day moving average. again, that's a prescription for volatility. so i'm long volatility. >> tim seymour? >> gm and auto sector will be talked about tonight by gm. >> john najarian. >> silver. slv. >> other girl on the set, karen. >> yes. >> joe, mr. new world? >> let's go back to one of my favorite names, linkedin, topped out back on september 14th up around