they would allow homeowners to store power. we have the exclusive. >> all right. over to you guys. >> "fast money" starts right now, new york city's time's square, i'm melissa lee, your traders are dan nathan, brian kelly, guy adame. sell-off hits the street a. late day sell-off with the dow seeing its worst slide in over a month. energy clocking in as the worst performing sector, fighting 2% as worries over violence if iraq outweighs volatility numbers. the vix begin i finishs better than in months. should with be concerned?

put in context, it's 13 handsments. >> not a day makes. >> really, actually, it does. >> it's not good fuse on the housing front t. dubai story is interesting. i think it will get more interesting. the fact that the bond market continues to get sold off. it should have, it didn't rally, rates going lower, i think rates continue to go lower. it's a global story. i'm still in a deflation camp. >> guy and i were talking about the before the show. i think what was interesting. i didn't expect the sell-off because the housing numbers were so good. in a bull market, when you get good fuse like that, you usually get a rich. you saw the nasdaq rip this morning and completely reverse. so there is something different about today's sell-off. is it the beginning of something different? today definitely felt different. i sold my s&p futures, a long s&p futures. i sold those at the end of the

day, too. >> we were all complacent. vince, seven-year lows, what not. you take a look at the surge in the final ten hours of trading or so up 10.5%. >> people are looking for options, people don't want to own long-term premiums. until they see fear in the market. when you see 10% rally in the vix, it looks like a big incident. listen, let's go to the bonds, it may be one of the safe haven assets, to your point, it was up 1%. we had god. that didn't do a little bit. riskoff, it felt like that was the story in the afternoon. as we head into this hollywood week. you won't see 1860 any time soon, or 1,900 seems like a place where people are headed to a holiday wrooek week where things gets complacent. if anything, if it's going to happen, it would be logical to happen not friday of this week. >> europe had a pretty bad day today. they had a bad day yesterday. bad economic news today, last i

checked they don't celebrate until july 4th. >> there you go. >> look at the vix. we trade around optionings, we keep the portfolio the same, the move in the vix while big, it can be a percentage basis to me would be the start of a big move. i would actually be more inclined to buy into this move, buy more protection, because this 13 hand him move in the s&p is really a tiny blip in what's happening in the last two weeks. >> interesting. we mention the housing, housing was strong. take a look at the itv. this really illustrates the difference between these two etfs. the itb, which is pure builders, still finished with a higher by .9 of a%, the effect of the mattress makers, that finished unchanged again from there are some things you can look at. lumber liquidators, you know, that stock was down 2.5%. so when you think about the

difference, we will have leonard's earnings later this week. today's number, fine, new home sales good, existing homes sales. >> they were good, too. >> it wasn't as good as this. i guess the point is, housing is a mixed bag. it has not confirmed the high in the s&p. i think until you see that, i don't believe you get back in these stocks. >> i certainly agree with you. i think this is one data point. so we can't draw a line with one data point only especially in a bottled number leak this. we have to see more to confirm or blow this group. >> we had a conversation about home depot a couple weeks ago. it traded to 77, before you go pulling the rip cord here and getting short the name, let's make sure it reaches this 77 level. it didn't. it traded north of 80. this lumber liquidators stock had a $115 handle on it. this the probably two or three lows at ll. at a certain point it probably catches up to home debow. so maybe now you think the tape

may be squeemish, home depot may set up for a decent short. >> still to come, we will find out what the latest housing data and where we see prices going, his company is behind sites such as realtor.com. he'll be joining us a little later on in the show. another beg story today, shares of vertex surging on cystic fibrosis treatment. let's bring in the analyst, robin carnostis. robin, great to have you with us. >> great for having me. first, would you sell this move? >> this company just has a new cystic fibrosis drug. they will have many more in the future. they will build on this drug and make a big franchise. >> you see upside for vertex? >> two way, pricing. they can probably get higher pricing. number two, they have bigger markets they can go after. people with other diseases.

they are developing those drugs over the next year, we can debt data. >> let's talk about your two picks. everyone wants to know about the pharmaceuticals. someone actually not a good performer this year. it's down by 30% this year. >> it's a very controversial name. the stock doubled over the next year. big concerns that competition is better than their drug, that can shrink tumors, it's their druchlth patients will live longer on the drug. we get a big sense by the end of the year. >> it is a position move trading with a 90 handle now. that i have some sort of a relationship with j & j. that big cap forma i'm not asking you to come specifically. it's clear that organic growth is not there. could this be on the radar screen? it wouldn't be that big a deal for them? >> i think there will be more things for the company. they have late trials next year. let's see how big this drug can be, how long people live, the duration of therapy before we put that in. >> this is competing wage with

glaxo smith-kline, correct? >> it's competing with other drugs, chemotherapys, so they're the ground breaking therapy in this space and tail be the dominant player. >> okay. let's talk about the other one, alexion pharmaceuticals. >> they got something called break through designation, which is the best thing you can get at the fda. they're launching a brand-new drug at the end of the year. we think it will be a $1.6 million drug. they don't think this drug can be really big. >> do you think we will see a big backlash in these drugs $300,000 was sort of the price thrown around, what do you think happens? >> everyone is asking that, can we sustain price? remember, these patients probably cost health care systems more than what this drug costs. they're in the hospital a lot. they're on other drugs, so yooeng i don't think we're going to get a backlash on rare disease drugs in a long time. >> in terms of consolidation in

the space, are there companies you cover that you think those could be candidates? i'm sure a lot of clients are asking you, what itself the next one? >> in general, remember, recently, a hep-c company was bought. i think other hep-c are the leading mna targets right now. this is a very hot spachls we all know gilead is doing well. other players want to compete and they need new drugs to be competitive with gilead. >> robin, thanks, for coming by, good to see you. >> let's trade this, obviously the action if you are trading in etfs is going to be in the ibb or the xbi. >> probably more of the ibi. i would trade this, i don't have the knowledge robin has about every specific drug. unless you can dig into it and find out what trials will be, the best way to participate this is in the smaller cap ibb names and just go with. i don't have the knowledge or the physiological makeup to be in a name that could open down 50% up 50%, you get a little of

each spread out and diversify your risk. >> pharma sick cyclics is good. gilead should be better given the last quarter it was off the carts ridiculous. this is a $100 stock. we mentioned celgene should push up to that 175 level months ago. so there are names that still work in this space regardless of what i think about the broader market. >> let's get a broader flash with dom shue. >> it is moving. vertex up 40%. bristol-myers a much larger company in the after hours trade after it announced it halted a late-staged trial for skin cancer drug because of positive results. now, this particular drug represents a product of their immunooncology department. >> that is the department that

tries to remedy cancer by using the bid's own defenses and immune systems. so this is a promising hope-filled part of the market for biopharmaceuticals rather than using radiation or xhalts for cancer, which has been the main stay. this particular stock is now moving because of this news, melanoma, skin cancer. this drug halted positive results. that's why it's moving higherch over to you. >> how do levels look on this, guy? >> it's underformed performed, this stock is probably for good reasons, it trades as a crazy multiple 30 times foreign earnings. this is good news, i'm not certain it's going to move the needle that much. but valuation alone has to concern it with bmi at these levels. >> usually, i would sell these types of moves. i think it's the beginning of something. 47.5 was the breakout levels. >> based on the charts. >> from last september was the breakout level. it's held that this whole year back in january, back in april. so i think now you at least can

shoot against that, so your risk reward is fantastic. that's below frempb 47.5 it turns out teens might use facebook more than they admit. what it means for the stock next. plus the next big consumer electronics show this year. >> we have acquired ada. as we look to the future of mobile, we believe home screens should be smarter and more personalized. imagine your phone could deliver the right experience to you at the right time instead of you having to search for it. >> now aviate is out of mobile strategy coming up. with all the opinions about stocks out there, how do you know which ones to follow? the equity summary score consolidates the ratings of up to 10 independent research providers into a single score that's weighted based on how accurate they've been in the past. i'm howard spielberg of fidelity investments.

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elizabeth arden kicking off the top spot, falling to implement work force reductions. karen, just a few months ago, it was thought as maib maybe a takeout target. it's not. >> they announced the takeout target on the same day i believe

a 20% revenue miss, which is really bad on the top lean. so many jokes come to mind. put lipstick on the gig the chart is a blah blah blah. you know, they're trying to do the right things. definitely i would take any speculation off the table at this price, maybe someone would come in to buy it cheaper. most big companies like to buy something that's working well as opposed to buying something cheap and fix it temss. i'd stay away, too expensive. >> next up, facebook might not have a teen problem, half teens say they're using facebook more than a year ago. >> i don't know about that. but i'd say the last quarter was spectacular. we mentioned it then. the stock traded up to 65. it happened at the exact wrong time. it happened when the rest of the momentum space was getting whacked. facebook got caught up in that male-strom for lack of a better word. down to vacate. since then, we have been steadfast saying facebook could be higher. i think they report about a

month from now. dan is about to frisking see me, i know. >> does he have a friskasee lock on? sfwr fantastic. you are talking about a kane with an 80 million market cap at the time. there is a lot of good knew, when you see teens are using more, they're not going to facebook, they're using instagram. you don't know what it is. >> the kids call it gram. >> they call it insta- insta- this, inthe that. there is no ads on there and as soon as there are ads on there, they will go somewhere else. teens don't want to see ads. let me tell you something t. chart looks great, it's held its uptrend. it hasn't made a new high. you have to be careful. >> are you missing the point that it does not have to be cool with teens in order for it to make.? >> they're making money. they do a nice job. i think they had this period where they basically had this offline transition where people were going from the desktop, they were going mobile.

>> right. >> then, as they showed they had 50% usage on mobile, the stock went up. sooner or later it will be saturated. they will be tough comparisons going forward. >> i think what could happen, say the thing is benign here, analysts catch up into the earnings release. it rallies and maybe you have a sell-off from there. you have a month to play this. >> 18 tiles sales, guys. you are evaluating. when have you ever seen a company traded that large at that animation? >> amazon, probably trades much higher. i don't see why google isn't much more attractive. >> google has been rallying. they've made up all the space and loss since they sold off last quarter as well. >> so would you rather? >> google or facebook? >> i just ask, so, yes, right now. hello. i'll say google. >> you are in google. >> i will go with google and facebook. >> wow. >> amazon trades two times

sales. >> look at the momentum. >> listen. >> you, down there. >> i do think facebook acts well. i'm just saying going forward, thinking you will get a double from their here, this is a $250 billion market cap. >> a double. move on. >> i'm just saying. everyone is looking for the double. >> ah. >> let's talk best buy. morgan stanley saying it's a transformed business and adding that prices have never been more competitive with amazon, dan, nathan. >> a nice segue here. here's a stock that could double. i think morgan stanley said they see $3.75 in earnings. if you do get that in 2017, you could see the stock country. that gets it back to probably the prior highs here. i'm not a big fan. i think amazon is the worst competitor. also in the know, they're talking about making inroads online. >> that would be a game changer i think for best buy a little bit. i'm not a buyer here.

>> you know water stocking, the share of the electronics market that it have. they have 17.8% in 2013, compared to 4.9% for ecommerce. wouldn't you think? i don't know, i thought since they're getting killed, theoretically by ecommerce, ecommerce would get a much more ro bust piece of the market tan best boy. >> what's the best multiple? it's a best at 12 multiples. so that only gets you, maybe, maybe to $38. so i don't see it. >> why don't you buy the stock anyway? we already know they've had this turn around plan. that's priced into the stock. what else is going to happen here to make it the double that dan thinks -- >> oh, no, i'm saying this is one -- >> we are playing would you rather? >> we played that already. >> high investment you are late. >> coming umm, sun power jump nook a brand few partnership with kb home. if details when we sit down with the ceo of sun power. that's next. later, yahoo is pushed into

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. shares of sun power hitting their highest levels since 2009 t. stock is at more than 20% in the path month alone. today they announced a brand-new pilot program to implement energy storage solutions for solar customers. joining us is the prcht and ceo of sun power.

always goed to see you. >> thank you very much. great to be here. >> energy storage, that essentially means a battery so homeowners can better pang their energy needs? >> yeah, this is really cool. we will take economic solar energy and we're going to include storage with it so you can now take economic solar energy and you can use it whenever you want. >> you've got some pretty bold predictions. you are going to install, our expect to install ten of the systems this year. you expect this to be the standard in about five years. how do you source the battery yet? do you know where that battery is going to come from and how much that will cost? >> sure, we are sourcing a lithium ion batteries. the real magic is on the integration software. that's how you take solar with the battery, which is standard technology. you combine those two and you can then use the energy when you want and that allows to you do some really great things. as we look to the future, it will allow you to have total control of your energy bill.

whereas today you are completely passive, you just pay it. >> what so many analysts like about your stocks in your xaeng, your business model is that you are vertically integrated meaning you own the capacity up to the leasing business. with this new elements of the business, are you inclined to be an owner of that part of the manufacturing piece as well? are you? should we expect you could be in the market for a battery company or partnership where you have a financial say? >> well, where we are going as the company we are going from a solar energy provider to an energy solutions provider. >> that means we will have solar with batteries with energy management. so when we look to where we are going to invest, we will look to the intgration of those things. so not necessarily making the hardware, but integrateing those things, making it completely seamless for a homeowner. so given the homeowner total control. it's really about i want grey, intgration software. if you know great companies, we're interested. >> you are looking to boy a

potential battery company in order to, i'm asking because it's interesting given the solar city news, they bought a solar panel. so they're going to the vertical integration model as well with tesla's gigafactory there is a potential tie-up with the battery side. they could even beat you to the un'ch in tomorrows of actually integrateing the business? >> yeah. it's a great question. think about where we're at. we have 1.6 gigawatts of the highest solar panels already vertically integrated. to that we plan on partnering with a battery supplier. of course, we will enter other business models. the real differentiation is what is the customer interface? that's where we will excel. >> how much could you spend on a battery company? >> oh, i think given our balance sheets, the strength of our balance sheet, our last capital raise we are in a position to look at meaningful start-ups.

again, focused on integration, soft more more likely, but who knows? i don't want to put a number on it. it pegs, it's the start of a negotiation. with our balance sheet, we are in great shape. >> all right. tom, we got to let you go. thank you for joining us. we appreciate it. >> thank you. let's talk about this stock. we should note in addition to sun power hitting new highs today, 60% owner total hid a downgrade. >> i think all in valuation, which makes sense, you pointed out it is trading at four-year highs. so how do you trade the stock? i think at some point they become a utility. i think that's the game plan for these guys and gals, they get down the road, that's what they become. they compete compete with the utilities out there, which makes sense. i don't think the shorts have stayed sweet. right around $40 bucks t. risk reward is interesting here. we mentioned sort of similar a couple weeks ago. >> i will give you another play.

it might sound silly, silver the demand for silver doubling over five years partly due to the fact it's used in solar ear. so i'm long of gold. i will be looking at long of siller here. >> long of gold, now silver. >> all right. >> i never heard that before. >> we are long sun edison. othere is the battery. that's the holy grail. there is also on the other end the financing markets really becoming much more evolved and that i think will be an important part into this utility like he says, so the model sector. >> it's a volatile sector where a lot of their success going forward is not exactly in their control. so to me, i mean, listen, there is a lot of factors at play. >> the clouds? what do you mean? >> if you don't think that the breakout in a solar sector in the last week had anything to do with the strength, the positive sentiment towards oil issues, something like that. look at this, guy mentioned, 23% short interest in sun power. total owns 60% of the share.

it's a tightly wound little thing, that stock has been consolidateing at 35 to six or seven months now. it busted out at 105. to me, have you this beautiful breakout. i don't want to use 40 as the little. i think if you are long this thing, you use 35 as a stop. i don't think you want to be long below that. >> a news alert, a change to the s&p 500. don. >> all right. so this is a new addition to the s&p 500, melissa, gang. we have an affiliated manager ticker amg effective to close business june 30th. it will replace forest lavs, forest labs. so it will be acquired. it will go away the company that will replace them is affiliated managers. this is an $11 billion company. they have a lot of mutual fund investments and offerings. so amg goes into the s&p. forest labs will be replaced by them effective business melissa

june 30th. back over to you. >> thank you. coming up next, the latest new home sells hit a six year high. we are headed to the front lines with the ceo of move, inc.

. >> let's get to dom shu, news alert. >> this is loco, that will be the ticker on nasdaq for el poyo loco. that's the nevada, texas, chicken chain. they plan to list under the ticker of loco and el, pollo, loco. this is a kane that made about or at least generated sales of $350 million back if 2013. this california-based restaurant chain is known for grilled chicken and tacos. 350 million in sales, a regional

place. some of these restaurant chains, like zoe's kitchen, investors will be paying attention, over to you. >> tanks, dom shue. is there an investor appetite? i didn't mean that. honestly, i did not. in this environment. >> yes. >> mcdonald's is not doing well. the disaster it's a much bicker growth story. it's one investors will want to boy. the size will be room to grow a lot. >> i love the name. el pollo loco. >> it's a great ticker, too. the latest numbers may suggest summer moving season will exceed expectations. steve berk wits of move, inc. which includes realtor.com. steve, great to have you with us. >> what do you think, we have new home sales which are great. two months of pretty good existing home sales data. what do you see going into the

summer and the fall? >> i think you take these two as a sign of life. we had a slow start to the year. we are starting to see some nice growth. we are seeking realtor.com, lots more traffic is coming to the website. there is lots more interest out there. >> i want to talk to you about your area of business, there does seem to be a lot of very fierce competition. if you take a look at your biggest competitor, zillow, which is outperforming your stock this year. there seems to be a race to spend. zillow, for instance, is increasing its marketing spend by two-thirds this year alone. what is your ability to increase marketing spends as well given that you are in what analysts are calling the late stages of a turn around? >> sure. first of all, i think our message is stronger, we have the single most accurate website for holes. we get our listings updated every 15 minutes from our 800 mlss. we are in line with the industry. our message is getting one out and focused and target around accuracy matters. i think we got the goods to do

that along with amazing mobile apps that will deliver great information. >> if you look at if numbers, zillow has double the number of visitors or trujillo. your stock is down 12% year-to-date, trulia is up. zillow is up 65%. to be honest, one comment that we got from an analyst who will remain unnamed said i'm glad he's getting out there because zillow seems to be winning the pr game, on all these metrics, plus the perception of wall street, what are you going to do about it? >> i think we are doing it by marketing, working closely with the industry and i think what you are seeing is strong consumer growth from us, too. you know, i guess my answer to you is hopefully we're a great value out there. >> okay. with that said with that backdrop, steve, there had been chatter. there had been a lot of talk about perhaps trulia move combination. how likely could that be?

would you move out completely or say are you opened to it? >> we focus on our customers. we don't talk about potential acquisitions or purchases. our focus is again we have the most accurate data, we have over 35 million consumers, 95% are looking for homes. we look at the most active consumer base. i think we will be a strong competitor in this space for long time to come. >> we seen it happen time and time again, in a sector, two of the weaker combine to create a stronger second player. are you ruling it out or is this a no comment in. >> it's no comment sflchlt we will leave it there. >> you are all over tonight. >> i am asking the questions that people want answered. >> they do, yes. >> it's a mature company, zillow is eating their lunch, in terms of the stock t. overlay of zillow with move over the last however many years zillow has

been around. you can't compare. maybe now they're getting out there, it helps the stock performance, nothing seems to have helped. i'd still at these levels given the moves, i'd rather be if zillow than move. >> i would say these are not necessarily pure real estate plays, two companies are trying to grab market share. so don't use these to play the real estate market. >> time now for pops and drops, big movers of the day, intel up 1%. >> one of the last big tech cap fames catching up. we saw it in microsoft to an extent. dan won that street fight. you see that? >> in the market, he won. >> temporarily. >> good tape, lousy staip tape, good stock performance, intel wants to hire. >> drop dr. pepper snapple down 1%. >> it was a downgrade from city. we seen it with pepsi and with coke. it's not crazy expensive here. it's not so exciting either. >> got a pop for and a halfastar

up 2%. >> they terminated this agreement with carl icahn. he has been on once in a while. that's very good, do not bet against carl. >> drop for web.com. down 20%. this is quadruple w is the texter. >> it's not the year 2000, people. this is the worst possible nightmare if your company has $500 million in sales, selling domain names, goggle will undercut you on price, stock is down, a huge gainer over the last couple of years. you have a two, three-day rule, something like that? two-day rule. >> you want to see how it straidz trades tomorrow. 1.4 million market cap. maybe somebody comes in and wants to leapfrog. >> we got a pop for the racketsent. the rocketant is invading america. here's why.

it uses its trapped just a into the air and escape predators. the jaw opens at a 180 degree angle easy to chomp on prey. first discovered in alabama decades ago, nay have shot up across the entire southeast. >> that looked like this x-games, how high can he go? >> that's amazing. >> exactly. >> look at it. it's a protractor. >> either you learn that at that fancy school you went. >> i learned it in elementary school. >> in elementary school. back to you. >> roll my eyes in case you missed it. go pro, there is a chance you may already own it. josh is in san jose. josh. what is pence this camera? >> it's a small package but pence it packs a big punch. let's get right into the guts of

what makes a go pro tick. we took one apart. on the pence we found chips from qualcomm, a sony image sensor, the one piece that did catch our attention, it shipped from a ill known company called amberella with a market cap of $900 million. you look at the monster move, up about 100%. not dodgers they supply the ship for go pro, the other is drop cam, which of course is brought by google's nest. so certainly one stock to keep your eye on as go pro gets ready to go public. melissa, bab back to you. >> josh lipton, thank you for that. why are you laughing? >> small package, big punch. >> go pro. it's very the most important thing. >> amberella. >> the tear down on these things have been around a long time. i don't think it's a mystery this niche product has that a bit. >> was that in my head?

>> no, it was on air. >> it was in your head. >> i tell you guys, i hear that. >> you are probably at home. >> i'd point this out, though, if i may. >> yes. >> now, go pro is going from a hardware company, making that. >> content. they're trying or will try, it's scary. >> they will succeed, by the way. >> why do you know that? >> i have a good feeling. >> they will. smart guys and gal there. >> they are already a software company, anybody can make this camera. anybody does, their whole competitive van tage is having that, that's already in it. >> my concern is those getting long amberella in the battle. >> if that doesn't work, there is always drop cam. >> that's an expenn lent point by you. i wouldn't be racing out buying amberella. >> barberella. still ahead, yahoo launches its latest app aviate. >> what if your phone sucked

movie appetizings or fitness apps when you bought the to the gym or went for a unare. aviate does just that, automatically organizing your apps, textural clues, bringing you what you need when you need it. >> after the break, we talk to the two founders of aviate in a cnbc exclusive interview. much more straight ahead. .

gaps mobile push is kicking into high gear, aviate works to simplify the home phone and organized app space on user activities. back in january, marissa meyers announced the acquisition at ces for a reported $40 million. >> aviate is focused son daily habits. let's say you check yahoo finance every morning with aviate, you can wake up to a home screen of stock quotes instead of having to search or scroll for a specific app. we're incredibly excited to work with the aviate team and welcome them to yahoo. >> let's bring in paul mon toy wilson and mark base who co-found aviate. they join us live from san jose, guys, great to have you with us.

>> thanks for having us on. >> it's great to be here. >> the thought of an app that can organize my smartphone i should say based on my activity, that sounds miraculous. why don't you show us how this works. >> yeah, basically what aviate does, it does two things, makes your phone simpler. it adds some smarts. it completely replaces the home screen on your phone, instead of having pages and pages of apps you have to swipe between, it automatically organizes your apps, music apps together. you foe where to go to get access to that content. it starts to be smart. it is relative based on what you were doing. if you go to ann a restaurant. they will have photo reviews to help you what to decide to order. >> how does this help yahoo for battle for this smartphone, how integrated is yahoo properties into what aviate does?

>> yeah, that's a great question. if you think of yahoo andrea hoo vision which is building great projects around daily habits. the home screen you touch it fifth 50 times a day, it makes it an exciting problem. but with aviate, what we can really do is it's most useful to users in the phone, so they don't have to search for it. if you think about daily habit, aviate does a great example of doing so. >> you sell an ad to somebody who deeds this particular product. how does that work? >> a great question. so right now, i think we just on monday announced the global available of yahoo aviate. so we are just coming out of beta. the product is fairly new. so we are purely focused for the time being on just building great user experience. so for the time being. ref few may come down the road.

>> guys, there have been hundreds of millions of ios devices sold. it comes to my attention your product will not be available for iphones. so how do you kind of address just the android market? so me, it seems like there are tons of app innovation, ios, they founded the whole app ecosystem. how do you guys just play to one part of the market? >> yeah, great question. android because it's more opened allows us to deliver on exactly what our vision is. and so, we're working really hard to build the best in class user experience on android. we are also thinking about what are the other uxs, the user interfaces that would work on other platforms. >> guys, we with the to let you

go. i want to ask one last question before we let you go. mark andreessen has been a great investor. was it hard to sell instead of being the pied piper who turned down gooly? >> great question. it's really exciting working as an independent startup. we launched a beta in mid-october of this past year. it's an exciting time. i think what we really felt was we want to bring this vision of aviate to the world. so we saw with yahoo there is a tremendous opportunity to do so. we were a team of seven when we came in, in january. we are already down around 30. so we have been able to now reveal yahoo aviate this past monday and so i think we really have been able to grow the team in a lot quicker speed than we would be able to and bring aviate to the world faster. >> mark, palm, thanks so much for joining us. real interesting stuff.

>> thank you. >> all right. co-founders, another one of aviate. >> that is kind of amazing. they look like the cast of silicon valley. >> don't they? they have no idea what we are talking about. it's a great show. >> i think think about the, marissa mayer, one of her mos has been higher. they have technology and they have a team. they must be filled with guys with beards and flannel shirts walking around, really rich. i don't know how you integrate all these people into a real team. that's the thing. >> that's what they're wearing at yahoo also i think. >> yahoo has the culture, the best and brightest have been leaving there, now she's trying to pay tens of millions after dollars to get these people back. my question to him, although it was a good question as he acknowledged, i don't know if yahoo would spend 80 million to bring these guys in and create problems that can't be utesed on ios. >> i wonder if it has the ability to wake somebody up.

>> if you have the alarm clock or something. >> give her a break. >> it's not the obvious thing, the obviously thing to bring up in the context of marissa mayer, yahoo and this new thing for your as far as phone. >> anyway, yahoo trade. >> it's been a grim death. it was a great trade in 2013, it's not worked yet. 3, 33-and-a-half seems to be the line in the sand. it's all going wrong and she's under the gun now, this next quarter, when does it report? july 22nd, give or take? they better knock the cover off the ball. >> one of the hottest trades of the years could be over. coming up, dana than has details on a huge $10 million bet in the options market yet. that's next. we needed 30 new hires for our call center. .

. energy hit hard in today's sell-off. one trader placed a large bet that more pains come with the sector. dan. >> in a low vol environment, until this afternoon, there was a huge bet in the sle, the energy sector, etf. you know, total option value ran two times average daily, one

large trade when the etf was 135, a trader bought 50,000 of the september 98 puts playing $1.94. down about four and a quarter percent. if you look at the cart right here, this is unwith st most extended sectors in all of the market. the ball is cheap. if you look at this chart, it broke out at 95, went up 7% t. break even is reasonable over the course of a month. if you think things in iraqi and mna chatter cools down, there is probably a good way to make a contrarian bet. >> your first move tomorrow when we come right back. stay tuned. ♪ ♪ in india we have 400 million people who don't have electricity and i just figured that it's time i do something about it. what we're doing right now, along with ibm, is to actually transfer data through a satellite

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it's time for the final trade. dan. >> that trade piqued my interest. >> you piquedure own interest? >> yeah. >> maybe for control but it's starting to get momentum. control 4, i like it. >> kampb. >> with this volatility spike

up, i think it's not too expensive to buy s&p puts. >> he piqued his own interest. he may not have piqued anybody else's. >> you want me to walk right into that. tld rates should have gone higher, they went lower. tlt. >> 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 kraim "k." my friends trying to make a little money. my job is to entertain and teach and coach you so call me at 1-800-743-cnbc. we live in a very confusing moment for the stock market. someone is always yapping on tv on the paper or internet telling to you do the oppositf