crazy day. "fast money" coming up. scott in for melissa lee. >> we're going to talk about the sell-off and the reasons for it. also, a big move in yields told. you follow that closely. that will go down on the tell on this day. the big story is this big drop in yields on the ten-year, especially. >> yeah. some pretty heavy volume. >> over to you guys. "fast money" starts right now. live from the nasdaq market site in new york's times square. i'm scott wapner in for melissa lee. our traders, steve grasso, guy adami, karen finerman. and tensions in ukraine, sparking a sell-off and it's not just equities. the ten-year treasury yield seeing its biggest drop in two months. copper seeing its lowest close in almost four years. is this the beginning of a

bigger pullback. steve grasso. what was it like on the field as the game wassen folding today? >> for me, i thought it was more china. but when you see the drop-off in fields, china wouldn't have done that. art cashin from the floor and myself were discussing it. that would be ukraine. and for me, i think ukraine is just a passing blip. i don't think it's going to be there next week. yeah. that's all i'm seeing next week. if you're short, you take advantage of it this week. but look for a bounce next week. >> pete, how worrisome was today's move? >> there was a solid sell-off. but when you look at the financials, down about 1%. the energy, down 1%. the chips, down a little more. they've been outperforming. one thing that really stood out for me was the monster spike. we got something like this back in late january that hung around for a while. and hung around all the way until february 14th. we got up over 20. we got up to 21. here, today, we get up to 16. pretty major spike. to steve's point. we're talking about right now,

economically, china. all of the political issues and the unease right now in the market, it's ukraine. and i agree with you. that's going to subside and give us opportunities to buy down there. >> karen, what gets the credit for what happened today? and what do we need to be watching for friday as we start to set up next week? >> i agree with pete and steve. if we all four agree -- we call in ron. it seemed rather orderly. there didn't seem to be panicky selling. we had a nice run-up. it's been a bad week. you can throw up china. maybe a little disappointing earnings, some. but i've looking to buy things. i have my buy list out. and i'm looking to buy u.s.-focused stuff. something like united rental. i'll look to buy that if it comes in a buck or two. could go lower? of course it could. i like it at this low. >> guy? >> i think you talked about top of the show, bond yields to me are interesting. the ten-year 260 is a floor.

if it breaks through, the bond market might be telling you something. if you asked me, where are bond yields going to be. ten-year has to be 3.5% if not higher. and we're trading around 2.6%. something is trying to tell you something. bond yields are wrong or the s&p is wrong. i think in the short-term, it's the s&p. >> the only thing that has me concerned is that utilities have not been able to rally. i've been long southern for quite some time. s.o. it hasn't been able to pop. now, you see munroe tate out and go for a safety bet. if people are worried about slower growth, this is where they're going to see utilities. >> rick santelli up in chicago. nobody watches treasuries closer than rick. rick, what do you make of the move today? it was dramatic. we highlighted it at midday. and the yields kept dropping as

the day went on. >> they did. we stood on a close of 264, 265. we're down about nine basis points. and i would go so far as to say half of the basis point drop had to do with crimea. i agree with the panel. crimea is going to be an issue, if you live there, who is going to be your boss? but geopolitically, natural gas is going to make it all work out. that's the factor to pay attention. as far as yields, look no further than guy adami, quoting the yields from february 3rd. low yield was 144. tens was 257. eight basis points away. 30s was six basis points away. this year for treasury's been an easy trade. the momentum for the most part has been all to the downside in yields. up side in price. when you look at all the issues globally, and i wouldn't dismiss

any of them, europe, look at deutsche bank stock. china, look at recent data. average it out because of the lunar new year isn't shaping up to be good. and the u.s., take one person from every country and create a basketball team. the u.s. is always going to be an inch taller than everybody else. but the size of the whole team keeps going down. on a relative value, the u.s. is the best. but in the end, it isn't about where stocks are. it's about where the economy is. where standard of living goes. who gets hired in jobs. and that's the issue in a macro view that treasury is going to have to deal with first and foremost. >> rick, thanks for sticking around for "fast money." we'll see you tomorrow. other stories around the globe. the crisis in ukraine isn't over yet. and that country is getting set for a critical weekend. michelle caruso-cabrera joins us now from the united nations in new york. >> a critical weekend comes because on sunday there's a referendum in crimea, that is

hotly debated. the west says it's illegitimate. what occurred is one of the most dramatic moments of this standoff thus far. the prime minister of ukraine is in new york. he was here to address the security council. what was significant is, it was the first time a ukrainian diplomat or leader was able to face off against a russian. until now, the russian foreign minister has failed to agree or refused to meet with anybody from ukraine in all of the meetings and discussions that the west has tried to orchestrate at this point. prime minister was trying to speak in english. he said, i want to address you in russian. here's the translation. >> translator: let me address russian federation. i would like to address russia. we are looking for answer to the

question whether russians want war. >> do russians want war? that's the question we all want to know right now? what will be the results of the referendum in crimea on sunday? what will be the russian reaction to the referendum in crimea on sunday? everyone assumes the outcome. it will be in favor of secession. and another set of circumstances is the following. because the self-appointed prime minister of crimea said within two weeks of the referendum, they'd like to switch over to the ruble. that caused a run on the banks. we have lines occurring in crimea, at a.t.m.s. and they had to limit withdrawals. and there's difficulty getting to the cash to the bank. it's not clear that the central bank of ukraine is willing to support those banks. it's unclear what is going to happen on monday.

so, financially, it's getting pretty dicey. not just in ukraine entirely. but specifically in crimea. back to you. >> michelle, thanks so much for that report, outside the united nations this evening. guy, two fronts we're concerned about here. china, yes, that's one. and that's going to play out for a matter of days, not months. the rhetoric isn't dying down by any sense of the imagination. and we have to pay attention to it. >> i'm not going to pretend i'm an expert in russian and ukraine geopolitics. >> you have to trade the stock market. >> it's going to get escalated. that's my instinct. it gets resolved at some point. but not until it gets worse. i think china's a big deal. so much of the rally in the united states is predicated on high single low-double digit growth in china. that's closer to 6%. it doesn't bode well for our economy here. so, we'll see. they can -- the chinese can come out and say whatever they want to say. but i think we're trending closer to 6% than 7.5%.

new developments on another story. pepsi and nelson peltz. dominic chu has the latest. >> in this case, we have the exchange of letters back and forth. the most recent one coming from nelson peltz triumph management. nelson peltz and his partners says management credibility to create shareholder value is low, based on recent meetings with shareholders. he is urging the pepsico board to meet with shareholders without management being present. they're calling on pepsico to provide shareholders with analytical support for the company's reliance on their quote/unquote power of one strategy. having frito lay, having pepsico in one company. they're disappointed by mr. cook's february response to their white paper. the tone of this letter suggests they don't appreciate the degree to which pepsico shareholders, the owners of the company, are

frustrated. that's his position. he goes on to list a number of reasons why. including transparency on things like their cost structure, advertising declines, the market share potential and return on investments. but overall, what they're trying to say, they want pepsico to justify the position, as holding the whole company as one group. and we have reached out to pepsico for comment. we're waiting to hear back from them. just the latest salvo in this ongoing battle between peltz and pepsico. >> thanks so much. it's an interesting story. peltz telling me, he was going to pound the pavement. he was going to visit every shareholder and try to sway their opinion that this company should be split apart in two pieces. >> it's hard to make the board do that. if anyone can do it, i suppose he would be one of them. i don't know that -- does he put a slate up? i know he's on the board, right? i don't know -- i don't know that he could force them to do

that. i'd be surprised if they got a lot of the board to meet with shareholders without management. but he's worth watching, for sure. >> he's on the board of mondelez. and he has a sizable position there. what do you do with a stock, knowing that a guy like peltz is not going away? >> well, i own the stock. and i kind of like the idea he's in there trying to shake things up. the stock's had nice performance late. of late, you understand the argument of what he's trying to push for here. do some acquisitions. or let's separate the company out. he's trying to get the shareholders to get a little more yield on that whaif got in their investments. i'm one of the shareholders. i agree with him. >> it's not like it's underperformed. coca-cola, their rival. it's not like it's underperformed. it's probably outperformed coca-cola at a certain point. what does he see in pepsi -- if you look at coke, they're trading exactly the same way over the last few years.

it's not like one has done so much better than the other. >> you look at the two businesses, snack foods and beverages, you find a much larger part of the business, now, coming from the snack food side. >> he is not on the board. he's on mondelez. is this a referendum on his tenure there? >> i think that's very much in question. he was careful in his white paper and some of the other correspondents that he's had with pepsi and the leader of the board and others. not to call her out too much, however, he's not happy with her performance in terms of shareholder value and what she's done for parts of that business. >> you look at fundamentals. and you see howlings flows through. coke is down 8%. and pepsi is down flat. you have to look it's so much more constructive when you look at the chart of pepsi versus coke. it looks like investors have

chosen this. they think it's going to resolve itself in a favorable fashion. they've split and picked this over coke. >> it's a question of what the company has done over a number of years. not just coca-cola, but the others in the snack food. we have more on the potential cracks in china's financial system with the vice chair of jpmorgan asia. she's been named one of the most powerful women in "fortune" magazine. plus, new hacking fears, driving investors into the cyber security sector. and the ceo of networks of palo alto, in a "fast money" exclusive. if you have moderate to severe rheumatoid arthritis, like me,

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the january 40 calls. 10,000 of those trade. it was a spread. smart trade. they risk a dollar. they buy the january 40s. sell the january 45s 10,000 times. they risk a dollar. and they have plenty of time, until january 2015 for this to perform for them. >> are you in this? >> i'm not in it yet. i couldn't get in for the price i wanted. >> as reports of data breaches pile up, investors are piling money into cyber security. new research from privco shows it up 60%. and palo alto networks and fireeye have been on a tear. joining us is mark mclaughlin, the ceo of palo alto networks. juniper says they're going back to court.

what's your response? >> well, as we said from the very beginning of the case, we don't believe we infringed the technology. we would defend ourselves vigorously. and the result of a mistrial, the jury failed to find any verdict here. it's up to the parties to think about that what they want to do next. the big picture for us, we've been focused on the business. and the customers are voting with their feet and wallet on this. >> the chatter here, if it does not go your way, ultimately, however it shakes out in court, your very business could be at risk. >> i think that's very unlikely. situations like this. again, we don't think we infringe the technologies. we think that's the right outcome for the case, if it continues forward. so, we're confident in our ability to run our business for a very long time. >> your stock has certainly performed well. it's up better than 60% in a rather short period of time. do you think that's directly

attributed to the cyber attacks we keep hearing about? unfortunately, almost on a weekly basis now? >> for sure it is. the cyber attacks are there. they're growing. they're incredibly important in front of people. and as a result of that, our business has been growing nicely. the last reported quarter, about $142 million in revenue. that's 46% year over year growth. still growing at 45%. that's an indication of how important this technology is for enterpri enterprises. >> it's incredible numbers. do you continue to see this type of growth? more growth over the next couple of years. not just 2014, but into the future because of everybody's focus on cyber security? >> i don't think the focus on cyber security is going to go down. i think the distance between all of the providers in the market is going to increase for the folks who have superior technology like ourselves. and we think about the addressable market opportunity, being $15 billion-plus, and our market shares are in

single-digit percentages. we have a tremendous amount of head room. >> i mentioned what your stock performance has done. and certainly some of your competitors have had great runs, as well. we kick around on this desk and others, whether technology, for example, is in a bubble. what would you say to that. just given the performance of your stock in a relatively short period of time. and certainly some of the valuations that other tech stocks seem to be trading in these days? >> smart investors always look for value, in the sense they're going to look for addressable market opportunities, superior technology and demonstrated ability to grow into much larger positions than a company's in today. and i think we're in that position exactly. i think the investors are realizing that. that's why our stock is doing so well. >> are you saying you don't believe that tech is in a bubble? >> i didn't say that. some companies have fantastic technology and deserve market caps. >> all right. are you saying that tech is in a bubble? >> for me, it's hard to say.

i only know our enterprise security space, really. and tech is much more than that. >> mark, thanks for joining us. >> thank you for having me. >> mark mclaughlin. >> the macafee deal. palo alto is interesting. but the valuation is crazy. >> that's my point. >> i'd rather be in intel. you get a little of the security side. the potential downside you have. >> you're paying for security. and you read about the target issue. fireeye saw these things. and target, i don't want to comment on their part. but they overrode them. are these companies we're paying a premium for. are the corporations are able to override the indications and everyone's holding the bag? >> and not one of these names

are astronomically priced. one of the other names i've been in is f5 networks. you're talk about 17 p.e. there are names that have huge growth in front of them. and the potential, as mark addressed, a $15 million market. if they continue on the trajectory they're on, they have plenty of room to start making money. and that p.e. will come down. >> speaking of high p.e.s, amazon pumps up the price for its prime subscription members. will customers will running. lion's huge release next week. the stock has taken a hit because it apparently has misled investors. we have details on the company's run-in with the s.e.c. that story is next.

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welcome back. let's do tonight's top trades. shares of lionsgate taking a hit today. the company reaching a $7.5 million deal with the s.e.c., after not accurately disclosing key aspects to investors about a hostile takeover bid. the ceo, a friend of this program. >> it's a negative headline. but it's not an open-ended negative headline. there's closure in that. that's why the stock did not get beat up that bad. it comes to one thing and one thing only, contend. they have a boat load of content. >> he was trying to tamper down expectations of "divergent," which i think will be huge. >> is it too little, too late for gm? a probe into the ignition recall shows the company may have known about problems back in 2001. let's bring in phil lebeau with the latest. we talked about this midday.

another problem for the company? big headache for the ceo. >> yeah. and i think that most people in detroit are of the belief that things were going to get worse before they get better. we'll talk about that in a little bit. let me bring you up to speed in terms of the latest developments. it was about this time yesterday that gm filed a notice with the national highway traffic safety administration, where it was released by nitsa, in which the company released this investigation. we had first indications there might be a problem with the ignition key and the problems with that switch there, back in 2001, not in 2004, as they first reported when they announced the first recall. today, the transportation secretary was on capitol hill for a budget hearing. he was defending how nhtsa was conducting this investigation. and nhtsa and gm saying, if you have one of the cars, maybe have the key fab on the key chain. take a look at shares of gm.

another down day for the stock. this is the first time we've seen the stock trading down in the $23 range since last october. and i mentioned things could be getting worse before they get bert. i spent today on the phone with a number of people at general motors and in detroit who work with general motors. and almost everybody says the same thing. they're in the process of purging it all. getting all of the bad information out there. some of it's not going to be pleasant. i wouldn't be surprised if we see more bad news as they come out and say let's get it all out there, as soon as we can. >> big test for mary barra. >> she brought in two outside law firms to look at the investigation for general motors. see how they've handled this recall. and she's being as forthright as possible, while realizing, she's under a d.o.j. investigation. we're not going to hear from mary barra anytime soon, as soon as general motors has conducted their own investigation or the outside firms have conducted their own investigation.

>> phil lebeau in chicago. hedge fund trade? >> i'm long it. i've been long for a while. what he was saying about mary barra, she has a chance to get in front of it, it seems like she's doing. she can kind of say this didn't happen on my watch. we're going to do everything we possibly can to fix this problem. and i think this, too, shall pass. i don't think this is going to -- maybe the information gets a little worse. >> josh brown, pete making the case that the stock is broken. it's going lower. >> i disagree with him. i'm with karen. i thought it was a little overpriced. and it had run a little too fast in too short of a time frame. everybody into the dividend. all of the excitement around the new ceo. with the 10% down from those levels, it's a great opportunity. we're at a six-month low area. i'm not saying this is the bottom. it's a great entry point to start a position. >> the problem is, this is an open-ended bad headline. we don't have any type of closure. usually when you get closure,

the buy is already in there. it does look technically like it's going to check the $30 level for -- >> why not go letter "f"? >> ford is flat, down 1% of the year. toyota down 10%. gm is down 16% on the year. tesla, is that a car company? that's up 58% on the year. if you want ford, they've chosen that. >> fears over china's financial sector have investors shaking today. is it all downhill from here? jpmorgan chase's vice chairman of asia-pacific, jing ulrich, in a cnbc exclusive after the break. no, that can't happen. that's the thing, you don't know how long it has to last.

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♪ backelcome ♪ welcome back to "fast money," live from the nasdaq market site. fears over china's financial health. many reports are pointing to the country's inflated industries by as much as 20%. joining us for a cnbc exclusive

is jing ulrich. she's the first vice chairman of jpmorgan asia-pacific. great to have you here. what's the real story here? we heard about the first domestic bond default. now, you have a story going around about a cut in lending to industrial companies. how worrisome is it? >> you know, we have a lot of concern about the chinese financial sector. in the recent years, lending has really skyrocketed. actually, better gdp in china is about 200%. that's up from 120% five years ago. china, indeed, has a debt problem. in the future months and quarters, we have expecting to see some tapering of china ease credit growth. meaning, lending growth will have to come down substantially. that may result in slower economic growth going forward. >> crisis developing or not? >> i don't think this is a systemic crisis. the leadership in china is trying to maintain a 7.5% growth

rate. however, we know the chinese economy needs to undertake very painful structural reforms going forward, which means they need to use a leverage ratio in the economy. and need to shut down some of the ininitiate industries which have been absorbing some of the financial resources. >> if they pull those levers. and if 7.5% is not reasonable in this environment, what is reasonable? 6%? and what is 6% chinese gdp mean to the united states equity market? >> the chinese leadership has reiterated that the floor to the chinese growth rate will be 7%. however, let's just assume its growth rates were to fall to 6% or 5%. that would be very important for the global economy and the u.s. market. many u.s. companies have invested substantially in the chinese market. a lot of them actually have become reliant on china for their growth. so, if growth in china drops

substantially, that would have significant impact on corporate america. however, i don't think the 5% scenario will materialize. the leadership at the current time may be contemplating some kind of ministimulus to get the economy going. >> what do you think are the industries that are going to be most susceptible to any kind of credit contraction? >> there's two camps. we need to look at the new economy and the old economy. the old economy sectors i'm referring to sunset industries, where you have a lot of overcapacity, aluminum smelting, cement making. china is doing too much of this. and a lot of the industries will likely see lending being reduced. however, the new economy sector, such as ecommerce, logistics, the mobile sector, the internet sector, they're really booming. they actually need a lot more support from the government. they deserve more credit and more financial sector support. so, if you distinguish between

the old economy and the new economy, we certainly are very favorable towards a new economy sector, which really represent the future of china. >> thanks so much for being here. jing ulrich, have a nice evening. time for "pops and drops." facebook is down 3% today. guy? >> an interesting day. the stock made an all-time high this week. now, it's pulling back. 66 to me is critical. if it holds 66 and bounces, you get a 75 hit. that's the line in the sand. >> you get car sick, pete. what this has done over the past 72 hours. >> tuesday it hit almost $12 a share. the revenue did jump. they lose a lot of money. this is one of these where everybody is very excited about the potential, scott, something we were talking about earlier in the show. because of that, this is extremely volatile stock. you have to read about it and understand very well. >> grasso, herbalife? >> anybody who says they have an edge in this stock is lying.

you are either a winner or loser at one point. i have no edge in the stock. it's too headline-driven for me. i wouldn't be an investor of it. >> anybody else want to take a stab on what this thing has done and what the news yesterday means? >> what do you think? you're on top of this. >> from what i -- >> is ackman right? >> that's anybody's guess. this thing is going to play out for a long time. as long as a year, from some of the source i'm talking to. there's going to be depositions of the ceo and other sources. the last time they had an inquiry was years ago against google. and that came back with them having done nothing wrong. who knows what's going to happen this time. it's too soon to tell. yesterday's decision by the ftc, was it a victory of some sorts for ackman? undeniably. does it play out that way? too soon to tell. don't you think? >> i think there's a really good chance he's been right all along. and karl was right in, in terms of the trade. maybe he's overplayed his hand. but the whole thing is

fascinating. >> yeah. well, amazon, hiking the price of its prime service by $20 per year. will that increase scare commerce away? or will it mean big money for amazon's bottom line? with us is gene muenster, from piper jaffrey. what's this ultimately going to mean here? this wasn't a secret that amazon was thinking about doing it. now that they are, what does it mean? >> we think it's going to add about $150 million of profitability over the first 12 months. they bought themselves fulfillment center. they have 100 of those. that's essentially what it means. there's a bigger story here, which is in terms of them flexing their pricing muscle for the first time. that's something that amazon typically doesn't do. and the big question is going to be, how many people bail from this service? i've got some thoughts on that. but that's the big question. >> let's go there. what i find most interesting about that very question is

that, piper did it its own survey that said 66%, two-thirds of people, wouldn't pay the increase. yet, you're prepared to argue that it would be closer to 15% that wouldn't. how does that mesh? >> well, we love doing survey work. as you said, we published this very destructive kind of analysis that would say this is going to be really bad for amazon. but at the end of the day, we think there's something inherently wrong with the question. in the past we've asked about price increases, what we've seen, for example, and some of our research on netflix or red box, people say they won't play the price increase. but people actually do. and so, in some ways, it's really hard to ask that question because people are trained to say no to that. if we look at the red box example, they lost 8%. that was about a 30% price increase. and netflix had a 60% price increase and their share went up by 2%. that's why we have the 15% guess

out there. >> i don't know. you're throwing the survey person under the bus. you did. i'm going to move it around. move the ball around. who wants to ask a question? >> gene, it's karen. do you see this as a move for them to start in other areas increasing pricing where they think they can do it? >> they maybe inch up the price in europe. you're not going to see a lot of this. this is a rare occasion for them. i think the big news you're going to see from amazon in the next year is getting more cities rolled out with groceries. they're probably going to try to keep that at $299 a year. that pricing isn't going to go up. >> i have a quick question. how about the new members? they have the offering out there. i don't think a lot of people talked about it. the fact that new members could get in for the $79 price target for the first year. and obviously, they have to shift up. do you think that -- would you expect to see a nice boost of customers going in for the new service? >> i don't know if we're going to see much of a change. i think it's going to be essentially the $20 in some of

the promotions are a nonevent. i can say this. there's a hash tag on twitter, #boycotcrime. and the hash tag on amazon prime have been positive. >> have a good evening. >> gene munster. we have news on jpmorgan. >> surprise news that the head equity analyst at jpmorgan, thomas lee, is leaving the firm after 15 years. lee was just on "squawk box" as our guest this morning. talking about the bullish outlook for the u.s. economy. i'm told that lee has no immediate plans. he's looking forward to taking time off. maybe unwinding after many years of studying the markets so closely. we'll stay tuned for his next step. just a couple lines from the internal memo that went around on him. lee has been a key member of the jpmorgan research team for 15

years, covering wireless and telecom for nearly a decade. adding small cap strategy in 2004. and being chief equity strategist since 2007. highly respected person on the street. and i'm sure a loss to the bank. interesting and surprise news. >> he's been on a number of platforms, including right here on the other edge of that desk at the nasdaq. we wish tom lee well. and find out where he's going. >> hopefully he'll return us and join us in some other capacity. >> thanks so much. investors are running for cover. heading straight for gold and gold stocks. we break down what's behind that trade. more "fast money" up next. maybe even better than you expected. it's all part of our goal to execute your trade in one second. i'm derrick chan of fidelity investments.

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for all of your wealth management and retirement goals, discover how pnc wealth management can help you achieve. visit pnc.com/wealthsolutions to find out more. gold gold hit a six-month -- i know you wouldn't do it. gold hit a six-month high on fears of a china slowdown and worries in the ukraine. and traders think gold will go higher for the rest of the year. scott nations is in chicago with the options action for today. >> you are right. not a lot of good news unless you are a bond buyer or a gold buyer. and some of the mining stocks saw a lot of call activity.

nova gold saw call volume three-times. yamana saw call activity five-times the average. and harmony saw call volume about 3.5-times. across the cheap goal miners. >> how about nova gold here? >> there was one interesting trade. somebody bought about 800 of the january $4 calls. they paid a $1 for those. they think the stock is going to rally. they have to get to $5 even. the trade-off that the trade only works if the stock rallies, they're only risking the $1, rather than the 4.30 they would be risking if they bought the stock. >> have a good night, scott. >> thanks, scott. >> "options action" 5:30 p.m. tomorrow from this studio. check out our website. it's a match. tinder fever has taken over. and the dating ap just reached a

big milestone it's ready to reveal. will investors swipe right for tinder? and one of our producers put tinder to the test. we take you behind the scenes of her date. that is next. ♪ all the tech stocks with a market cap... of at least 50 billion... are up on the day. 12 low-volume stocks... breaking into 52-week highs. six upcoming earnings plays... that recently gapped up. [ male announcer ] now the world is your trading floor. get real-time market scanning wherever you are with the mobile trader app. from td ameritrade.

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welcome welcome back. the dating app tinder has become so popular that 800 million profiles are rated and 10 million matches are created every single day. what happens when a matching couple decides to meet in real life? one of our producers found out. >> i decided to give this whole tinder thing a shot. and it's just selfie, selfie, selfie. and then, i see him. he's perfect. and, boom. it's a match. we decide to meet up at this bar downtown. he looks nothing like his pictures. >> hi. what can i get for you? >> can i have a blue moon? >> very nice. >> make that two. >> men drink blue moon? >> i would have stepped up a johnny black neat. something that sends a message

that says, i'm here. looking forward to a little fun later. >> every time, i want a blue moon. >> is this your first tinder date? >> i've never done anything like this before. >> he's definitely been on a million dates. >> what's going on? >> i went and saw aladdin last night. that was a triumph. >> he's the one. what are you doing after this? >> well, to be perfectly honest with you, i think i have a tinder date. >> what? >> not meaning you. >> yeah. so nice meeting you. >> i'll call you soon. >> okay. >> better get back on tinder. >> she's a good sport. a good sport. >> blue moon? the guy ordered a blue moon.

that's -- come on, man. tim was right. order johnny black rocks or something. >> nice accent. that's a good thing. >> for who? >> for her. >> i'm sorry, man. >> tinder is celebrating, by the way -- back to our story. 1 billion matches today. and chose to share the news with us first. let's bring in the ceo of tinder, sean rad. sean, welcome. >> thank you. thank you for having me. >> explain to us how this works with the whole swipe thing. >> so, we show you some people around you that we think you might be interested in knowing. you swipe left if you're not interested and right if you're interested. and if somebody you like happens to like you back, then tinder connects you with them inside the app. and you can make whatever you want of that connection. >> how does 1 billion matches translate into business for you guys? >> as long as we provide

meaningful value for our users, and 1 billion connections on tinder and the continued use of tinder and the growth of about 10 million matches a day, shows you we're solving a real problem for our users. as long as we continue to do that, we believe we'll create value for our shareholders. >> i'm clearly old-fashioned. what happened to you meet somebody -- is it match -- is this who you are competing with? is that what the world has come to, where you have to swipe left if you dig somebody on your mobile phone? people don't meet naturally anymore? am i doomed? i'm married. i guess it doesn't matter. >> doomed. >> tinder emulates the real world. when you walk into a room, you're sort of subconsciously sending signals, where you have an interest in somebody or you don't. and if somebody across the room looks at you back, it's a match. and you proceed to conversation. on tinder, that moment, that special, unique moment, that not everyone can connect with, is

the standard way that everyone meets on tinder. and it's a little bert than the real world. we like to think of tinder as the real world but better because we give you more information about that individual. we tell you. we give you multiple photos for them to express themselves. we tell you who your common friends are. and we share your common interests. >> but you let them put -- you let them put the photos they look great in. isn't there a way we could just get the real person? i'm serious when i say this. everyone complains about the same thing. shouldn't there be a live thing? we have face time now. can't you do a live stream so you see what you're getting? >> i don't think that's an efficient way to navigate the world. >> it's too honest. >> i'm sure somebody can do that. >> in terms of your business, are you in v.c. funding? where are you from that standpoint? >> our major shareholder and our major investor is iec.

and they've provided us with capital to get to this point. >> but you're looking to raise more cash or no? >> we're in a good, healthy position right now. >> sean, thanks for coming on this evening. >> thank you. coming up on "mad money," sick of not being able to stream a movie after you buy wi-fi on a site? cramer is talk about that in about four minutes. your first move tomorrow, when we come back.

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welcome back to welcome back to "fast money." we have breaking news on liberty media. the company is going to reclassify and re-evaluate its stock ownership program, in terms of the overall structure of its shares. they're going to get rid of the series shares they currently have. it will also, in essence, abandon its bid to take over all of sirius/xm radio. they remain owners of 53% of

sirius/xm. >> dom chu, back at h.q. for us. we're going to cover the markets again tomorrow. what a big day today. concerns about china, the ukraine and elsewhere. weighing on stocks. a big down day for the dow. i'm scott wapner. catch "fast money" tomorrowwapn. catch "fast money" again tomorrow and halftime at noon. "mad money" with jim cramer begins now. 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 just want fewer days like today. my job is not just to entertain, but to teach and put it all in perspective. so call me at 1-800-743-cnbc. this market, this market is taking a page right out of the cold