75 points on the dow. the volume was just not so strong today, 564 million shares traded at the big board. nasdaq picked up 6.25. that will do it for "closing bell" tonight. have a fantastic weekend. i'll see you "on the money" over the weekend. "fast money" begins right now. live from the nasdaq market site in new york's times square, this is "fast money." here's tonight's lineup. boom or buzz kill. social media stocks are flying high. twitter's going public. is there bubble trouble ahead? cashing out as stocks surge in september. we're keeping an eye on one sector that looks overstretched. celebrities are sporting the wearable tech trend. i'm melissa lee. let's get straight to the top story tonight. the dow having the second best

week of the year. have the markets shaken off september? historically september is the worst month for stocks, pete. >> you look at the s&p, it's been very strong. this week alone we went from that 16.62 area to 16.88, somewhere in that range. we watched volatility come out of the market so far this past week. 8% or 9% this week alone. the reason i've been lightening up on my position is everything i've seen has been very, very short term. i do not see a commitment right now in the market, in front of whatever we're going to hear from the fed. i think we're seeing the results in this little push this week. i just wonder if we're going to see a bit of a pullback at some point because of that. i've been in the short-term options and less in the equities as far as the stocks. >> there's a saying on wall street, buy -- >> oh, come on. >> i think it's a combination of yom kippur, the week before the

fed, the week before chairman elections. a lot going on in september. i think september in the last four or five years has been a good month. but i think after a great run you've seen in a lot of resource names, emerging markets, it's an environment where at least rates are going to fluctuate. add in the larry summers possibility as the fed chief and you've got people that are concerned rates could go higher faster. that won't be good for any of these outside classes. >> i do agree with taking profits. but i think the market has gotten used to $15 billion in paper. i think it's used to that. i'm still long eem. i did take off my tesla, though, what do you think about that? i don't want to be in that name just yet. i will be a buyer when it comes back in, though. >> you're getting death threats, by the way. >> steadfast, well done. >> thank you, sir. >> happy yom kippur. >> very serious holiday.

>> i'm being serious. >> anyway. >> easy fast, that's what i'm saying. i think it's a point where the top end is the range, 16.25 spot-on. i still think energy is a theme. i think you stay long. i think exxon mobil is around 85, 85 1/2. >> you know, oddly enough, the large integrated names, those have done really well. eop, those names done well. chevron, exxon mobil, all have done well. what hasn't done well? your refiners. crude the largest input. those are names i would take a look at. >> i like some of the integrated names but i like some of the integrated names as well. new field, one of the names that had a great week. i want to correct one thing. i am not bearish on the markets by any stretch. i am just not as involved in the markets from the equity side, because of the fact that --

because of all the news stories, on top of just not the fed, but i want to be less involved in the market right now, because i do think that there's potential for a pullback. i'm not bearish necessarily, but -- >> it's a portfolio management sort of thing. >> i'm sitting on more cash than i've sat on in over a year. >> is that why you look so tall? >> i feel pretty good. but i am in some positions still in the marketplace that are going to be coming off mostly in weekly or monthly options. >> stocks may be having a great week, but commodities are getting creamed. goldman sachs having its worst week since june, with almost a 6% loss. >> you saw gold spike, because gold is still going to take its cue from syria at this point. so syria, obviously the taper. but today was all about syria. i saw a couple of headlines, who knows if they were true or not, but late in the day you saw gold try to bounce back a little bit.

>> silver also getting creamed this week. are we in a position ahead of the feds meeting where commodities are destined for the downtrend, at least in the short term. >> we have at least some -- there are fundamentals that i think are challenged in a number of these core commodity complexes, especially supply and demand. a lot of demand coming on line in ore, coal, steel. after a rally you had in the backup of rates, why not take some profits here. i think the world industrial-wise is starting to reaccelerate slowly. pmis have been better. it's choppy. i think we'll have weak data in the next four to six weeks. you want to be in these trades in the fourth quarter. >> like the silvers, copper, industrial -- >> i want to be in bulks, i want to be in industrial metals and cyclical industrials. >> steel had a rough day today. but even u.s. steel seemed to have based a new course. had a nice year up until the last couple days. the steel sector might be trying to tell you something as well.

>> stock surge, where do the charts look overstretched right now. mary ann, always great to see you. >> great to see all of you. >> at this point in time with the big gains in the month of september, despite historical trends, what's your stance overall on the markets? >> we still remain very bullish at merrill lynch. we still think the market could get up around 1850. and september certainly is turning out to be much better. i've been very impressed with how the equity market is trading, given the ten-year treasury yields hit 3%. the market has really been able to move on in face of tapering higher interest rates. >> yet the sector you see overstretched is one that could feel the pinch from a rising rate environment. >> that's correct. we reduced consumer discretionary weight to underweight, preferring some of the sectors you like here, in energies, industrials, more cyclical type of sectors. also playing on our forecast for

gdp for next year. we continue to see the economy growing slowly, but picking up in 2014. >> you spent a lot of time over here looking at technicals, and allocations. what we saw this week with the verizon deal, a bond deal was so heavily oversubscribed when $49 billion can get placed in trades, up six points in the first day, tells me people are starved for yield. if we get rates back up that much more, i believe there will be a lot of pressure on equities to reallocate back. >> you're already seeing that. you're seeing that in the very high yielding part of the sectors. we're looking now at the sectors that are doing better, that have more different rend growth than high yields. i would say that's already starting to be priced in the market. the question, i think, we should be asking is when the ten-year treasury yield gets to what rate, when it goes back to the bond market. i'm starting to get questions on em again. that is in the trash can, in terms of our fund manager

survey, em in terms of markets, bonds. we're starting to see some of the bonds yield 6% and starting to get some questions on that. >> so what is the bulk in the s&p, if anything? >> i really don't have a good answer. obviously earnings have been strong. we've been able to -- >> does that worry you? what will derail the market? >> there are things, right? we have to see whether or not tapering, other things that we're not talking about that are coming up are deficit ceilings. there's certain sequestration out of our language. but it seems that the companies are able to have strong earnings, they're able to maintain their margins, provide top line growth. i don't think we give companies enough credit for top line growth in the last quarter, particularly small cap and mid cap. the economy's growing, although slowly, but the companies are able to actually weather it. >> all right. mary ann, great to have you. >> thank you. >> bank of america merrill lynch. big movers of the week. walt disney up 8%. tim?

>> $8 billion buyback for a company spending a lot of money building out other businesses is welcome news. but a company that ultimately think is stuck somewhere around $65. i think lucas films, i think disney and shanghai are big for this company. i would stay long on any weakness in this name. >> delta up 13%. >> it's been a must. pete's been talking about the airlines, but now we're running into levels that we saw four, five years ago. we've been long in name, not a bad place to take some profits. >> bolero, down 4%. >> i mentioned at the beginning of the show, in the middle of the 52-week range. if you think crude's coming back in, if you think syria is getting closer to being put off the table, i would say that bolero, this is a good entry point. >> apple, the move on the week, 6%. pete? >> they had their new lineup. they disappointed, because the 5 c is priced heavier than people thought. people are not excited about that. it is compatible with china

mobile. nothing been announced with china mobile, so a lot of frustration. that's why you're seeing the pullback in apple. >> high-end baby buggies, the "fast money" review. mcdonald's, the company unveiling a new menu called mighty wings. >> have you ever had a chicken wing? >> of course i've had a chicken wing. >> i'll give you five bucks if you eat one on -- >> $5? higher. >> we're just not as close as we used to be. we hang out with a new group now. i hang out with a new group. >> netflix. >> rolls-royce of carriages at $1,000. >> let's wheel one of these around grand central station. unbelievable. >> they had grey poupon.

>> i drink regular all the time. >> how did the juices go down? >> how did they go out. it was a funny week. mcdonald's wings, then i had juice. don't laugh at that baby buggy, by the way. >> you've got one of those in the garage. >> how does it run? >> it's smooth. there's a lot of pressure on the west side to have the right stroller. >> i can only imagine. are the high flyers about to crash? let's break down the big numbers. the high-tech product found on the wrists of some of hollywood's biggest stars. we take the company's vitals with the ceo, that's next. a simple question: how old is the oldest person you've known? 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 much is the official retirement age. ♪ the question is how do you make sure you have the money you need to enjoy all of these years.

♪ lecoca-cola is partneringg. with nashville parent and charlotte parent magazines, along with the mayors of those cities, in the fit family challenge. a community wide program that offers free classes that inspire families to get out, enjoy moving together, and even track their activity online. it's part of our goal to inspire more than three million people to rediscover the joy of being active this summer.

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twitter ipo buzz, yelp more than doubled this year alone. is there bubble trouble ahead. pete, we got to this yesterday, but sort of the notion there could be selling ahead of the ipo to make some money in order to put it into twitter. >> i don't think that sounds that improbable. a strong possibility, i think when you're looking at the way facebook has run recently specifically, $45 a share has been extraordinarily fast. i love it.

i'm in that stock. i've actually been considering taking some off. not necessarily in anticipation of something like a twitter, but just because the fact that when you see these kind of moves, you know they can't last forever. at least you want to protect yourself. twitter certainly would be one of those names that you would expect to see a lot of capital want to get into that name. because they're already moving in the mobile space. they're already figuring out ways to monetize. this is long before facebook. facebook ipo'd, they still didn't have any monetization whatsoever, but they have since. >> because they have been able to monetize in the last two quarters, facebook has been a stone in the water with the ripple effects hitting all the different places. chinese stocks have been on fire. the twitter of china is a name at 46 times earnings now. on next year's numbers, it's somewhere around 25 times. i would stay in that. they are monetizing their twitter. >> on the other side of that coin, if an ipo comes out and is better than expected, that would

help all boats. we talked about linkedin forever, and had a disappointing day, i guess. it works regardless of what you think of valuation. >> etf like osco, do we have options trading in that? >> if you're talking about liquidity. i want to emphasize, you do not want to get in the roach motels, whether it's a stock or etf that does not trade or options that don't trade. if the volumes are extremely low, you need to stay away. you could be right, and because of the spreads, never make money. that's always a bad situation. it's very, very frustrating. some of these chinese names, they have not only been on fire, but you're talking about options volume, stock volume, hit new highs but then reversed. that's the name with the alibaba story today. >> there's a lot going on there. social is a $19 million nab. >> next right here, the booming business of wearable tech, going high fashion during new york city's fashion week.

a-listers wearing the new wrist bands designed to measure things like your quality of sleep and steps walked. more than just a solid trend, a technology changing the way people live. the co-founder, james park. james, great to have you with us on the show. >> thank you, melissa. >> a lot of people are sporting this during fashion week, and it seems to be the hottest new accessory. there's a lot of competition out there. jawbone got a similar product, nike fuel band now a wrap of smart watches coming out on the market. how do you stand out in this very competitive space? >> obviously wearable tech is a really hot category right now. we've been the leader and pioneer in this category for quite a while. we have several products out in the market from the flex wrist band to clipable products. we feel that there's no one size fits all approach to this market. even with smart watches, they're fairly large. we don't feel that there's going to be a sizeable portion of people who wear them. the approach to the market has been to deliver a variety of

different products. we're consistently the number one selling product in our category on amazon. and over 20,000 retailers carry our products in over 17 countries right now. >> at the same time, consumers expect the price of technology, whatever it is, to come down. at the same time, while they are expecting those price drops, you also have increased competition. how confident are you that you'll be able to keep up margins as you progress in this competitive landscape? >> technology is always about creative destruction. so we have a fairly large r & d effort in our company to really develop the next generation of products, and next generation of sensors. i think what you're going to see from all of the players in this category, especially fitbit in the next couple of years, are devices that are smaller, thinner, run longer between battery chargers, and who work well with smartphones. >> this is all part of what's known as internet of things, james. basically the machines are

talking to other machines, like the fitbit talking to a smart phone. and that information is then transmitted to, say, a doctor or your computer. how will these devices evolve? right now there seems to be this category where it's fitness focused, and then there are health devices as well that monitor things like dplu kogluc levels. >> i agree with you. solving health challenges with sensors and data is the next big opportunity in this space. >> all right. james, we're going to have to leave it there. thanks so much for joining us. we really appreciate it. >> thank you. >> james parker with fitbits. pete, you've been on your share of teams around athletes all the time, are they popular? >> they are popular. people seem to be gravitating to these more and more. i do think, however, the competition is pretty fierce out there. i look at the nike band as well. the new band, the fuel band 2. there's a lot of money going at this. i think there's a lot of different companies that can

attack this. it will shrink the margins down. that's why i think nike might have a brp chance to move forward. >> nike is not just doing the wrist band, they also have the sneakers that are feeding all that data, too. they've become a tech company. >> yeah. >> it also gives you an indication of how competitive the smart watch faces. and also, the qualcomm talk. >> there's another garment navigation of directions. i know firsthand that the watches that you talk about, the athletic gear they're talking about, garmin as well. a nice dividend, believe it or not. >> and please join us in how a new generation of connected machines from refrigerators to freight trains are actually speaking to us these days and to each other. it's called "the rise of the machines" next wednesday at 9:00 p.m. self-driving car. right here on cnbc, next wednesday.

we'll bring you the best moments from cnbc "today." the traders take your stock questions. that's next. stay tuned. you know throughout history,

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welcome back to "fast money." today's top moments, a recap. >> i love this spot. >> i know larry a lot better than janet. i know them both. they're both able. you know, i'm -- if i declare myself, i like larry. i think larry's a very able guy. i'm a friend of larry. but this is, again, this is the

president's decision. >> i think he's an exceptionally smart guy, and treasury secretary, head of the economic council. he knows the president. >> do you buy into that it's either larry summers or janet yellen? >> i frankly don't see much difference. they both believe that the government knows best with respect to the level of interest rates. both have boundless faith in the capacity of mortal and fallible human beings to override the price mechanism. >> the price has already been paid. it's built into the market today. it would be shocking to the market that they not taper. so they have to taper. and the amount is not relevant. just do something. >> we're playing offense. we're on the attack. we're growing, expanding our share. this is the gel that many view

are very familiar with. and you're going to see it in all of these stories. >> there's a point now where we've had several ipos, several of them that have been a little rocky. and i think it's time for this city, and for this state and for this country, to show exactly how it's done right. >> does hank paulson know larry summers? >> he said he was a friend. >> he was definitely -- >> i don't know what the take away there was. >> to me, larry summers is the guy for the job. but i do think it's going to bring into the market some sense of policy risk. not that i think he's going to do something hisk risky. >> it is time now for the final grade for the week. >> i agree with jeffries in the upgrade today. intel going higher. >> tim? >> profits of eem, reload at 37. >> steven? >> i think you should be trimming your positions right now. but a position i'm comfortable with is eem.

>> you know what i find interesting, a self-driving car is perfect for you. >> it is. it really is. because i don't drive. >> she can't drive. >> it's not that i can't, it's that i choose not to. anyway -- >> do you have a license? >> i do have a driver's license. >> a real one? >> yes, it's a real one. >> you didn't get it in a cracker jack box. >> we don't talk about the tplm, comes out, great quarter. >> i love having a free checked bag

with my united mileageplus explorer card. i've saved $75 in checked bag fees. [ delavane ] priority boarding is really important to us. you can just get on the plane and relax. [ julian ] having a card that doesn't charge you foreign transaction fees saves me a ton of money. [ delavane ] we can go to any country and spend money the way we would in the u.s. when i spend money on this card, i can see brazil in my future. [ anthony ] i use the explorer card to earn miles in order to go visit my family, which means a lot to me. ♪ in order to go visit my family, which means a lot to me. lecoca-cola is partneringg. with nashville parent and charlotte parent magazines, along with the mayors of those cities, in the fit family challenge. a community wide program that offers free classes that inspire families to get out, enjoy moving together, and even track their activity online. it's part of our goal to inspire more than three million people to rediscover the joy of being active this summer. see the difference all of us can make... together.

tonight, bullion breaks down. >> the little can cubes that make soup? >> no, the big gold bars, after a huge route could a gold rebound be in sight. we'll break it down. plus, why is mico taking on floyd mayweather? because this weekend's big bout could mean knockout returns for your portfolio. does a twitter ipo mean the top is in for tech? we're breaking it down. the action begins right now.