me. i'll talk to you on twitter and google plus. "fast money" begins right now. live from the nasdaq market site in new york city's time square, i'm melissa lee. tonight's traders are jon najarian, guy adami. let's get to the big story "fast" is following for you and that is the jobs report. the dow posted the biggest turn around of 2013, but all three major indices on pace for the third straight weekly declines. the s&p 500 hasn't done that for more than a year. the big question tonight, will tomorrow's jobs report put the rally back on track? b.k., what do you say? >> it could. earlier this morning, i thought it may not. but the action, one, you have to respect that turn around. anyone would have to respect that turn around. bounced off the 50-day moving average with a lot of strength, but also the dollar weakness too. if we have a bad jobs number tomorrow, which i think we could have if you look at some of the

ism numbers, they correlate well with the bad numbers. bad would be 100,000, i would say. you could see the market rally on the idea that we're going to have qe again. i think there's a better way to play it than just the market. >> under 100, it's really -- that's really -- >> yeah, it's a bizarro world where bad is good because that allows the fed to continue -- >> if you look at ism manufacturing and nonmanufacturing employment indices, they're at 50 if not below. some of the subindices from there are below. it's suggesting that things might be a little bit weaker than we're expecting. >> is that the only reason we'll rally tomorrow? isn't it within the realm of possibility that the report will be decent. and stocks have shown such resilience we will, in fact, go higher. >> yeah. i think it'll be sort of in line-ish, anything basically on the fairway would be fine and would be good. >> if it comes in, let's call it 155. >> right. >> how does that change? does that change your investment? >> no. >> what's your line in the sand

that you say i'm going to be aggressive, start taking offers or i've got to hit bids. >> actually, for me, one piece of employment data wouldn't change my whole investing outlook anyway. i would need to see more than one to really have a fundamental change in a big way. >> hi there. >> hi. >> welcome back. >> well, you've known me for a while. you know i'm not bright enough or humorless enough to be an economist. we'll have one on a little bit later. i'm not going to try to guess what the number's going to be. what i think's going to happen is, and this is when the s&p was trading. i thought we'd see a rally up to 1630 tomorrow, and that would be a rally to fade. i still go back to may 22nd. that reversal to me to the downside is still intact. i think you hope for a rally. early, i think you're going to know if it's going to fade. by 10:00, it should be clear. fade that first hour and a half and look for it to trade to the downside. >> save the rally of the jobs report tomorrow? >> i think it could. i think it could. but i think we're shifting,

melissa, the focus. b.k. was talking about and i don't blame him about the qe and whether or not a hot, too hot or too cold to your point, melissa, could be viewed as positive. a very negative number to me. a very negative number means we go straight down from here. that's what i think. qe isn't the issue here. i think we'll be switching potentially with this number tomorrow with liquidity driven, in other words, fed-induced carry forward for the market to actually focusing on the economy. if it's that bad. if it's 90,000, under 100,000, folks, i think that's extremely negative. i think anything above 140,000 is great. so i'm not as worried about whether or not people want to talk about tapering and so forth because i don't believe that any evidence out there is going to suggest that the fed would do that in the near term. but if the economy itself is just breaking down to the point where we're only able to create 80,000 or 100,000 jobs, i think that is so negative that people

will, indeed, dump with both hands. >> well, i thought that all along that qe really isn't working. when we get these negative numbers, the market really doesn't sell off. >> we haven't gotten that many negative numbers. >> manufacturing numbers, they've been pretty bad. >> i meant as far as -- >> as far as jobs, right, employment. but if you look at some of the broader manufacturing numbers, they're not that great, the market keeps rallying. what you're talking about is basically a big change in sentiment in the market. >> you're talking really bad. >> yeah. i'm saying -- i think -- >> 90 would be, what, like half -- >> it's not armageddon, but i think this is terrible. even if they revise up. >> that'll be a huge change in market sentiment. if bad news is actually bad news. >> it sounds like if it comes in sort of within the fairway and maybe even a little bit negative but not awful, not armageddon levels, we will, in fact, go higher. we will hold rally and go higher in tomorrow's session. >> i believe. >> the flip side, though, mike,

if the jobs report comes in strong tomorrow, will the market sell off? >> no, i don't think -- it wouldn't surprise me very much if it comes on the number or slightly above. i don't usually, you know, trade just around the labor number. but i think people should be focusing on the trends that we've been seeing in the market generally, which is there's been a rotation out of those staple stocks into more cyclical names. things trading at less than the market multiple are being bought and the things trading over their average multiple and the market's multiple are getting sold and i think people should continue to do that regardless of what the number is. >> i asked that question in terms of if it's very hot whether the markets will selloff obviously because it may indicate the fed will stop qe or start tapering. >> we're four or five years into this. and we're saying a number north of 150 is hot. >> good point. >> that's a terrible number in the context of things, especially when you're four or five years into. we should be north of 400,000 or

500,000. we're saying 150. we've lowered the bar considerably in terms of what is good and what is bad. >> well, investors may want to brace for a weakening jobs market. austin goolsbee, now teaches economics at the university of chicago. always good to see you. >> wonderful to see you again. >> what do you think happens tomorrow? >> i've been saying for some months that i don't expect a whole lot of good to be coming out of the job market because the growth rate hasn't been that high. and then you take the sequester and the fiscal drag is pulling it down even more. last month, i was happy to be proven wrong, but i haven't been that optimistic for tomorrow. i think we come in at most at expectations probably below. >> so let me ask you a question. corporate balance sheets never looked better, we're four years into unprecedented fed action. if companies aren't hiring anybody. so my question to you, is it a structural change? if companies haven't hired in the last four years, when are

they going to start hiring? >> yeah. there is some structural change, but i think what's going on is productivity, remember, grows about 2% a year. and so if you're only growing 2%, 2.5% a year, you basically don't need to hire anybody to grow that fast. so when you see the job market improve and the times we've seen the unemployment rate come down significantly have been those periods where we got the growth rate up to 3% or so. so i think if we just keep hovering and bumping along in this 2%, 2.5% range, the job market is not going to feel very good. that's why i've been somewhat pessimistic. >> austan, are you doing a little spin control there trying to set the bar low? >> well, i don't know what spinning -- oh, i see what you're saying. >> no, usually the people would be saying you'd want the opposite to be saying, you know, that conditions feel better. i think this is modest. i'm not spinning it one way or the other way. i've been saying that same thing

for months that i think the growth rate is not strong enough to really put a dent on unemployment and make people feeling better. i think it's going to be a tough summer. >> austan, jon najarian, i agree with you, sir. and i think one of the things we both suspect, or at least i believe we both suspect, the affordable care act is one of the big issues. if there was any kind of delay to the implementation to this, don't you believe we would finally see people that are on the sidelines as far as businesses actually come into the job market? that there's so much uncertainty over the costs of this they're staying on the sidelines? i'm not trying to make that political. >> i hear ya. and i wasn't taking it as political. >> thank you. >> i have observed that thus r far, though a lot of people are discussing that and are nervous about it, if you look at the industries where before the health care act was passed, they already were covering a lot of employees.

so the mandate will have less effect on them. so far, you haven't seen big differentials between ones where the health care impact will be smaller versus will be lower. so that has some economists saying maybe it's not as big. i think there is one weird dynamic going on which if you thought the health care act were having an impact, what you would actually expect to see is companies would probably hire more people on a part-time basis that they'd be shifting two 40-hour a week workers down to three 30-hour week workers. in a weird way, the unemployment rate might fall, but the hour's work would go down. i think that's where people ought to be keeping their eye. if costs come in better than expected, though, that would turn into a positivpositive. >> thanks for your time. >> you bet. let's turn our attention now to jamie dimon who had a "fortune" magazine conference today in china saying investors should prepare for more market

volatility, referring to the feds' efforts to keep the interest rates low. it's a different world when central banks are managing interest rates. until it gets back to normal this time, it's going to be scary and volatile. is the treasury yield the most important thing to be eyeing in the markets right now? and it's interesting, i think a couple of weeks ago, doc, they launched a product that measures bond volatility, which probably would have been laughed at a few years ago. >> sure. especially since it was so low. it was down in the low single digits, anybody in the board of trade would say, my gosh, they'd love to see volatility come back in that contract. well, they got it in spades over the last couple of days because we shot up to 221, i think that's where we peaked a couple of days ago. today we broke back down through two on the ten-year. so volatility is back in the bonds. and if we start heading back into those lower ones for yield, that's going to continue. >> yeah. and i think the answer to that question is 100% yes. the ten-year interest rate,

whatever you want to use is the most important thing to look at right now. it is controlled and manipulated by the fed. we know that. they want to keep it at a certain rate. if they decide to change that, everybody's investment game changes. now, they may change it for good reasons or bad reasons, but people investment game will change. you have to watch that number. >> where are you on the tlt right now? >> i'm long tlt and i'm going to stay long going into the nonfarm payrolls. i think it's been priced into the tlt. a nice risk/reward here. looks like it's bottomed here. and i think you can certainly have quite a bit of a short squeeze if you get a negative number. >> before we head to break here, let's get a check on after hours movers. shares rallying on fourth quarter earnings, the 3d screen maker lost nine cents a share. and retailer gap also spiking an extended trade up around 3%. revenues for may rose 11%, comps soundly beat street estimates.

a ski resort missed on the top and bottom line. also revised guidance lower for the fiscal year. still ahead, we're getting you ready for friday's tape with a look at the few of the top market moving events set to shake up trade tomorrow. we may be in the midst of a bull market, but where are the deals? we'll play a game of show me the money with the ceo of green hill & company next. clients are always learning more to make their money do more. (ann) to help me plan my next move, i take scottrade's free, in-branch seminars... plus, their live webinars. i use daily market commentary to improve my strategy. and my local scottrade office guides my learning every step of the way. because they know i don't trade like everybody. i trade like me.

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welcome back. let's get to your top three trades for today. first up, high flying home builders collapsing in the last month on fears of rising mortgage rates will stall the housing rally. karen, what do you say? >> i think there's the housing recovery, which i think is basically still intact and then there's the home builders stocks which have just skyrocketed well beyond where they should have. so they should be pulling back. >> yeah. >> did you notice home depot today? >> nice little reversal. >> yep. >> it gets boring after a while, i'm sure, but if the stock keeps going up, we've got to keep mentioning it. it's been unbelievable performer. it's so, again, started out on sort of the lows of the day, reversed went higher the rest of

the day. i think home depot's in their sweet spot. nothing indicates that the opposite is true. >> all right. next up, apple, one of the biggest losers in the nasdaq 100, this year down almost 18%. could this be a buying opportunity ahead of the wwd next week? >> it could have been. goldman might have been a little early with their call, but i think they might be right. they said to own it into wwd, worldwide developers conference, i'll be out there in san francisco monday. this will be a very interesting trade. will it be that they open up apps, for instance, on cars, on automobiles, which is one of the things they're rumored to be working on right now? will it be the streaming music? we know they're doing that and exactly how big a competitor to pandora, i think huge, for that. but then there's a bunch of other questions, including, of course, those new chips they're putting in the max that intel makes. intel already got a ramp out of

that, mel, and i think they might be the biggest story in this event. >> what do you make of this report that came out of bloomberg about a trade-in program for iphone 4s and 5s? >> i still am one of the guys that would like to see the lower end iphone. this trade-in program is one thing, but the lower end for emerging markets and people that can't afford the high-test iphone here i think is a better play than the trade-in program might be. >> and the last of the three trades, the yen surging against the dollar. the biggest rally since 2010. seven-week highs here on the yen, b.k. it's a crazy move. >> huge move. 2% doesn't seem like a lot. multiply a currency move by five to kind of get what would happen in the dow. that's a 10% move in the dow. that would be unbelievable. what happened here is a little bit of an unwinding of a carry trade. mario draghi in europe talked about not being a backstop for

some of the peripheral bonds. sell japan, buy european peripheries, draghi today threw a little cold water on that. and what you saw was people just unwinding that trade and the yen just got absolutely -- well, the dollar got hammered versus the yen. it was -- i still think probably goes down to 95. >> then what happened to the european bonds? the peripheral bonds? >> they fell. >> i know, by what sort of magnitude? >> let's see, italy up by about 25 basis points. that's about a 2% or 3%. portugal, spain were up, just about those magnitudes. not quite at 5%, which is the pivot point that everybody's looking at. but i think they could certainly get there. >> it's funny because when you see the yen strengthen to this degree or close to this degree, take a look at the exporters, so you saw the auto makers and sony, they got hit harder. it rose. >> it rose. it's interesting, aflac, the

rising interest rate environment here which helped ensure as we talked about last week. interest rates have backed off a little bit. aflac is interesting, decent quarter a few weeks ago. i think it's 56 1/2, it feels like room up to $60 which was the highest we saw back in 2011. valuation is reasonable here. so if you're in it, i think you've got a couple more bucks left. >> all right. so at the beginning of the year, 2013 was widely expected to be one of the biggest for m&a activity. corporations holding record amounts of cash on the balance sheets, but deal making last month was at its lowest level since 2005. what's behind the m&a dropoff? let's bring in the ceo of green hill, he joins us from the sandler o'neal global exchange here in new york city. it's great to speak with you. >> thanks, melissa, glad to be here. >> let's talk about this. there was a recent jmp report written toward the end of may that says there's been a pick-up in dialogues but the translation into formal agreements has been

disappointing. give us a color behind this slowdown we're seeing. >> well, i think that's right. there's a lot of active dialogue going on. there's no question about that. we're very busy. the question is that not that many deals are getting all the way to the agreement and announcement phase. for example, the number of billion dollar transactions announced this year is down about 20% year-to-date from last year. i think there really are two reasons for that. one is the longer term one, which is that typically downturns were sort of two to three years in the m&a business. this time we're really going on year six now. so i think that's just the financial crisis was a much deeper, more difficult event than past recessions, so it's taking longer to recover. and the other thing is, i think the stock market has run up so much in recent months, that's causing some buyers to pull back. >> what are you seeing in terms of the pipeline going into the rest of the year? do you see any signs of hope that perhaps this deal, this dialogue will actually translate into deals? >> i do. you're seeing a few more deals,

rumors of deals. i think certain sectors are particularly active. health care seems like a lot of interest, energy, while others like the banking sector, i think primarily for regulatory reasons, there's very little activity at all. >> when you think about running your business, how do you think about the maybe excess capacity that you have right now? what could the business handle in terms of transactions versus where it is now? >> it will funny thing about the m&a business, when deals are getting announced, it's more efficient. so we really don't need more people, our people are all very busy actively working on assignments. the question is just, you know, how long will it take to get those assignments to agreement? >> go ahead, go ahead. >> i was just saying in weak periods like this, we try to focus on getting close to clients, growing our market

share, which we've done for a number of years now and being ready for when the market does pick up. >> thanks for your time. we appreciate it. joining us from the sandler o'neal global exchanges conference. in this space, there are other players other than ghl. you can go to the tried and true brokers. >> green hill's a fascinating -- the volatility in the stock is for a financial is somewhat unprecedented. this stock moves. here at 47 1/2, 46 3/4. to me, i think you trade it against $45 and play it on the long side, always a big short interest and you always get one of these big pops in the stock at a certain point in the year. maybe on the verge of it. but the good news is, i don't think you have to risk that much. below 45, pull the rip cord. >> because of the run-up in stocks, i think that's a big part of, mel, why we're not seeing people stepping up and doing deals. because they're chasing a higher number all the time. they really are. >> companies don't want to buy other companies because they think they're overvalued, why

should investors buy companies? >> exactly. the same investors that want this 5% to 10% pullback that everybody on the network has been calling for for the last two months, those same people in the m&a space would like to see that -- >> deal making -- >> i believe so, yes. >> although they could use their currency. everybody believes their stock -- no, their actual stock, their stock too has had a nice run-up. it's everyone else's stock that's expensive. >> exactly. shares of jc penney up 17%. we're just about 40 minutes away from the retailers official home launch. so why are two of our traders up in arms over this name. it's a street fight like you have never seen before. >> come on. >> never. after the break. plus, the battle over your breakfast table is heating up with duncan set to introduce. take a look at this. it's glaze donut breakfast sandwich. that's tomorrow. who comes out on top? we're talking yum, dunkin, and

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jc penney getting ready to officially launch its home shop. a kickoff party about 30 minutes away. is this a sign that jc penney is getting the house in order? total of 90 seconds to make the cases. kick it off. >> it's interesting that mike is taking the bear case because given the shirt/tie combo, it is clear he's been doing much of his shopping at jcp recently. which is fine, it's only going to help their margins grow. we talked about it then.

this last quarter it was a disaster, but inventories were down about 9.5% year-over-year, so maybe just maybe you'll see margin improvement going forward. and you know, you have to admit the stock just the way the price action has been since that april 9th low suggests that maybe the worst is behind us, not unlike what we saw with best buy, maybe we're seeing the same thing in jcp. i think the company is a disaster. but like i said back on april 9th, i think the stock is okay. i think it can continue to trade higher from here. >> yeah. you know, you said it. the stock is a disaster, the company's a disaster. look, ron johnson was actually trying to fix a pretty big fundamental problem the company had. you're dealing with a company almost $20 billion in revenues in 2007. you're talking about improving margins. even in the best case, try to get those margins up to 40%. which is what macy's does, they'll never get there, by the way, and even then, i don't figu figure out how they make money. you've seen a lot of equity get

erased. the company hasn't made money in the last several years and it's not going to for the next couple and now, of course, you've got stories coming out. about how their taking prices, marking them up, discount them, that's going to get consumers in an uproar upset. i think they're really in big trouble. >> and, listen, clearly they're in trouble. but price is truth and the stock has been telling you a story now for the last almost two months that i think it's going to continue to tell that story until we least get in the low 20s. i think that's why you can trade it from the long side. >> do you believe that the stock is so bad that things are so bad that comps are so bad that it's actually good right now? so karen, ultimate value, girl, even on both sides of the trade here, at various times. >> right. >> where are you now? >> short that, rather. could it bounce? of course, but fundamentally, this valuation is quite rich even though the stock at 18 seems like it's down a lot, the equity value of this company is expensive. no way would i touch it. >> all right. so we want to know who you out

there thought won our street fight. tweet us and we'll get you the results at the end of the show. and i wonder if there'll be any, you know, demerits because guy has to go and insult mike's wardrobe. >> well, i'm saying it's great he's shopping at j.c. >> i think the brooks brothers might be a little upset. >> all right. >> nevertheless, i would go into jc penney, but if you do, there's nobody there to help you out. >> oh -- >> all right. all right. again, tweet us, tell us who you thought won. the start-up that brought men those fantastic one dollar razors has launched another all-important product. >> hi, me again. people asked me, mike, when are you going to do video number two? you want to talk about number two? great, let's talk about number two. everyone makes it and i don't

have time to jump back in the shower after a messy number six, fortunately there's a better way to wipe your messy bottom. they're called butt wipe charlies and they're butt wipes for men. and he pays just a couple bucks for a 40 pack. >> was that b.k. in the bear suit? >> that was b.k. >> number six. what's number six? mike dubbin the ceo it have dollar shave club will join us a little bit later on. man: how did i get here? dumb luck? or good decisions? ones i've made. ones we've all made. about marriage. children. money. about tomorrow. here's to good decisions. who matters most to you says the most about you.

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welcome back to "fast," live at the nasdaq market site here at time square. time to fast forward to the events of tomorrow. the emerging markets etf dropped 6% in the past month alone. doc, jay, you've noticed unusual activity there. >> and most of that 6%, melissa, coming since about may 24th. pete talked about it for unusual activity. that was huge, somebody stepped in and bought 200,000 puts, that's the equivalent of 20

million shares short, folks. they bought it at the 42 strike at the money. they basically made about $18 million on that trade like that just over the last few days. now today instead of just taking all that money off the table, they sold out what they owned in june, those june 42s, they rolled down to the july 40 in a half stroke -- >> they're predicting it goes lower? >> yep, they pulled money off the table and they stayed in the game on the short side so i set myself up with a short spread on the put side being long those 40 1/2, short the 38 1/2 puts. >> walmart set to hold the shareholder meeting. they have underperformed this year, up just 10%. karen, where do you stand on this one? >> well, this one, we're out of walmart. i think the shareholder meeting is not a big deal. i think the amazon push into the grocery business, that is a big deal. >> really? >> that is a big deal, actually. i think amazon has been such a powerful competitor everywhere they go and i -- so i think that's actually newsworthy and i think that, however, walmart is

not at a froth evaluation, amazon is. i wouldn't short either of them anyway, though. >> the battle for breakfast is blazing. dunkin donuts gearing up to release the new glazed donut breakfast sandwich tomorrow, which consists, in case you're wondering, of bacon and eggs between a sliced donut. this comes as mcdonald's announces it's extending the breakfast menu at some locations and taco bell with its own breakfast menu a waffle taco. >> what? >> look at that. >> yes. >> redonkulous. >> good time we have a guy coming in later talking about the product he's talking about. >> what about a pretzel bacon cheese burger. >> what difference does this make for dunkin donuts? >> it speaks volumes to the society we have become number one.

number two, we like the name. now it's starting to get a little bit ahead. i think 22, 23 times forward earning, feels like the shorts are capitulated in this thing. and maybe this glazed donut, egg and ham is sort of a -- >> monstrosity. >> it's pretty healthy, it doesn't have cheese on it. >> is it healthy? >> this is it. it has -- >> that's a grammar question. >> i think it's neither. >> it's got 360 calories, but i think the fat content accounts for something like 40% of your daily intake of fat as recommended by -- >> a lot of people like to get started early. get right into it. >> you'd be a buyer? >> absolutely not. mrs. b.k. would never let me -- >> it's so american, though. >> it is. >> time now for pops and drops. big movers of the day. we kick it off with a drop for ve verafone. >> i mean, this valuation, though, i would not short it.

>> drop here for j.m. smuker. >> seems a lot of this is they basically sandbagged the upcoming quarter. in other words, they lowered the bar because everything above this quarter was fantastic. nonetheless, the stock dropped 4%, i have no position in it, but i like the idea of it going forward they're going to be making more money off of coffee because their big discount they're buying it versus where they're selling it. >> barnes & noble down 2%. >> they were downgraded and a secular decline story and i don't see how they're going to pull out of it in the near term, i would continue to avoid it. >> pop for yum brands up 4%. >> big move here, otr global put out a note out this morning talking about their may store sales in china were better than what everybody was thinking. apparently the chinese chicken problem is gone at this point in time. it looks pretty good here. probably wait for maybe a 1% pullback to get into it. >> a pop for sodastream up 2%.

>> on monday, barclays raised their price target. we said as crazy as it seems, sodastream doesn't trade rich on valuation. it was innuendo that maybe pepsi's interested. they denied it, but the stock had a tremendous day. i've got to tell you something, if it gets back down to 69, 70, i think you place them on a long side again. >> and we've got a pop here for kicking. kicking. the united kingdom played host to a contest of literally just for kicks. the annual shin kicking championships were held this week in southwestern england. as for tradition, competitors stuffed their pants with hay to dull the blows, but that didn't stop last year's champ of kicking the stuffing out of the competition to hold on to his title. >> is that really right? >> yeah. kicking competition. why not? >> we've got stuff here in the united states it's called ufc, you might be familiar with that. they scoff at these guys kicking each other's shins. >> you think hay is going to

make it better? i don't think so. >> come on. one company may be getting a bum rap, get it. dollar shave club mike duban joins us live to showcase his latest game-changing product. you've known? hon we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed: the official retirement age. ♪ the question is how do you make sure you have the money you need to enjoy all of these years. ♪ athey wonder how much fastere justthis thing could go?be.. what if i took it down that hill? what if it weighed less or turned sharper? they know that things can always be better. we count ourselves among those people.

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♪ a little over a year after dollar shave club's online video went viral and nicked the u.s. razor market, they're back with a new product for your other cheeks. let's take a look. >> fortunately there's a better way to wipe your messy bottom, they're called one wipe charlies and they're butt wipes for men. >> butt wipes, mike? >> yeah, [ bleep ], butt wipes. >> let's welcome back mike. mike, it's always great to speak with you. >> thanks for having me. did you tee me up on purpose after the waffle taco bit? >> it was a lucky coincidence. >> nice segue. >> i have to admit, i didn't know too much about this wet wipe category. so i went online and did a little searching and there are a lot of products out on the market. wet ones, fresh and flush,

cottonelle. where do you stand here? what's your value proposition? >> sure, well, i think the big opportunity for us is guys. we surveyed 1,000 guys between 18 and 45 and we found out that 51% of guys are using wipes, 16% of them are using them instead of toilet paper. 24% of them hide them from view in their bathroom, the number one reason why is because they're embarrassed or say they're embarrassed. we think we have an enormous opportunity here to get guys out of the wipes closet and start talking about, you know, the best way to wipe your butt, which is using a wipe. >> mike, it's karen, let me ask you something. i see you have a pepper mint i was going to say flavor, but that's probably the wrong word. >> definitely wrong word. >> that's a little counterintuitive to me. can you tell us how you came up with that? >> it's a nice, refreshing scent, there's a tiny peppermint

tingle that goes along with it. and guys like that feedback. and, look, that's -- that's what it's all about. >> i have one in my hand and i'm -- it's -- >> that's the wrong place. >> that's the chamomile. >> it has alovera and c. >> our goal is to be the easiest place for the guys to get the things they use every day. and you'll get an e-mail once a month as a razor subscriber saying your razors are on their way and you'll be able to add any of the products we have. the butter, the wipes, any new products this year, stuff for body care, hair care, et cetera, right to your next shipment. and how many do i think we'll sell? i think we'll sell a lot. i think this is, you know, we've shown we have a unique ability

to change guys' behavior. and we think those 49% of guys that aren't using wipes right now should be. and we hope to sort of change behavior. but we sold over 5,000 on our first day. >> obviously the video is a big part of the marketing campaign and the fact it has gone viral in addition to the other video that you did. what have you found in terms of the hits you get of the video and the sell through? >> sure. great question. you know, it's -- i mean, we can't disclose conversion rates on that. video is one of the most powerful ways to tell the story, it's very engaging, it's a social asset for us. you know, we were watching the traffic all day long during launch day, which was on tuesday. and, you know, we found that there was about 3,000 people on the site at any given time throughout that day. you know, and most ecommerce sites. i won't tell you what our conversion rate is. but most ecommerce sites hope to convert in the 2% to 5% range. >> i've been holding this wipe

for maybe 30 seconds, i could feel the tingle in my fingers. it's a little odd. >> it's working. >> mike, thank you. >> thanks for having me. >> the ceo of dollarshaveclub.com. the disruption to the marketplace could be to the dislike of procter & gamble. the men use this instead of toilet paper. >> it's hard to say, you know, this is going to move the needle negatively for procter & gamble or something like that, it's probably a better -- this company's probably a better buy for procter & gamble. but there are other products out there. if there is a category that's expanding, you might want to look to the p & g to this. if it works on bear suits. >> kimberly clark, obviously in the same sort of space and google for its own channel just for mike. because these guys make the funniest videos and very compelling. i haven't seen anything that funny on "saturday night live."

>> you're not supposed to use the wipes for wiping the keyboard. it's not the appropriate use. i'm sure your keyboard doesn't appreciate the minty scent. >> they should partner up with mcdonald's and baseball stadiums. >> baseball stadiums. >> you know what i'm talking about out there. >> let's talk about shares, they're down 3% since last friday. let's get the options action on this stock. >> the options activity is interesting. if we go back to january expiration and track what the market's been up to. basically as the stock rallied in the early part of this year, we saw that the call activity stayed constant, but the put activity has ticked up and up and up, from about 180,000 to 480,000 contracts. overall today the volume was slightly bearish and one of the trades on the opening side were the weekly 75 puts. they were only paying about 15 cents, one of the lowest volatility stocks, the stock could head lower tomorrow, as well. >> thanks for that, mike. more options action tomorrow at 5:30 eastern time on fast.

take a look at shares of at&t, they are lower after hours on some of the headlines. expecting postpaid wireless additions of 500,000, also expecting consolidated margins to be down year on year. at&t is not changing the full year 2013 guidance. but again, you see softness in the stock. coming up on "fast," funny woman kathy griffin got a little serious in a sit-down with our own karen finerman. >> that's why if i hear one more woman say there's no more sexism, i'm going to gently correct them. >> find out what's got her fired up. what she says are her best stock picks right now and much more after this break. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor...

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welcome back to "fast." a quick programming note tonight. 2012 republican presidential nominee mitt romney will be larry kudlow's guest and a first on cnbc interview. be sure to watch it tonight on the "kudlow report" at 7:00 p.m. eastern time right here on cnbc. karen finerman reveals her rules for how women can find success in their professional and personal lives. kathy griffin got serious and fired up when she weighed in on the subject in a recent sit-down

with karen. listen to what she had to say. >> i think of myself as a woman in comedy because i'm very conscious that i have to fight harder and jump higher. >> if i were in your shoes and a comedian and had all the accolades you did and wasn't getting paid the same as a man. >> it kills me not to be getting paid as much as my male counterparts. it drives me insane. if i hear one more woman say there's no more sexism, i'm going to gently correct them because we really are so far from equality in this industry, especially stand-up comedy. i don't know what these crazy [ bleep ] are thinking. >> do you think that will change when you have some women in the positions men are in in terms of hiring you? or do you think it comes from having more kathy griffins? >> i think the world, of course, cannot have enough kathy griffins, obviously. >> well, no. >> and ask guy adami, he's a huge fan. anyway, i think more women in power will help, but it's a slow change. because i'm sure you observed

that sort of the way the food chain operates is usually if a woman is in a power position she's got to basically act like a dude for a while, hire and fire like a dude, prove to the dudes that she isn't giving females preference. it takes a long time. >> so in your work, you are very pro-risk. obviously a real risk taker. how would you view your money? risk averse? >> i would say when it comes to money i'm extremely risk averse. i brought some berkshire early on, but i'm not saying i go to omaha for the meeting. >> you're an investor, not a trader. >> yes, but like i said, i'm talking like spider, berkshire, coach. >> apple? >> yes, of course. i dated steve wozniak. >> i love that. >> my investments are conservative. i am a saver, i'm prudent but i'm not cheap. everything's paid off. i have zero debt. >> do you feel that because you're in this financial position then in no debt that

you're able to negotiate deals that are better than -- >> absolutely. i feel i'm a better negotiator because i have no debt. because i am in a position where i can be more judicious about the work i take and the money i negotiate for. >> so what would you rather? >> rich. money. >> okay. >> i'd rather money than any alternative you're going to give me. >> good to know. >> i'd certainly have money rather than love. it's a waste of time and a disaster. stick with the old bank account. >> karen's full interview with kathy griffin log on to fastmoney.cnbc.com. she's hysterical. >> she was fantastic. and i was all concerned about when she goes off the rails, how am i going to bring her back? that did not happen. she's a savvy businesswoman. you heard how she thinks about investments. also talks about how owning part of her shows, talks about how she makes money doing her concert tours, she knows the

splits. you know, of what she gets versus what the house gets. she is a real businesswoman. and i found that fascinating about her. and totally unexpected. and she's a huge susie fan. she goes over her stuff with suze and i thought she was fantastic. not at all what i expected with, you know, we had to beep out, of course, a lot of -- there's an hour of stuff and probably, you know, cuts down to like -- >> it was a two-hour interview in eight minutes after you bleeped it all out. >> she was fantastic, very savvy businesswoman. >> and she likes guy. >> final trade when we come back. stay tuned. farmers presents: 15 seconds of smart.

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who won the jc penney street fight? mike clinched the victory. kick it off for us. >> yeah, i think that would be a good stock to overwrite. sell some calls. >> dr. jay. >> that big turn around in housing. mas is your play. >> i like silver, great play on more qe. >> i still like macy's, letter, "m."

>> guy? >> comps solid, still think it goes higher, gps. >> i'm melissa lee, see you back here tomorrow at 5:00 for more "fast," "mad money" with jim cramer starts right now. st . my mission is simple, to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now! hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends, i'm just trying to save you a little money. my job is not just to entertain you, but to educate you and teach you. call me 1-800-743-cnbc. how much downside is left? is it over? today the averages got