statement, more compelling than his subordinates. so the horse has spoken. >> resultan. >> i'm saying that's what investors want to hear. they want to hear from the top of the company about what the direction is and why there has been a change that should instill more confidence from investors in this company. but, you know, again. >> thank you, guys. >> investors need to focus on what's behind the company and not really on the noise and around there. >> that does it for us this afternoon on "close bell." thanks, to my panel. we learned a lot. we'll be back tomorrow and "fast money" with melissa lee begins right now. >> "fast money" starts right now! live from the nasdaq markets in new york city's time's square, the tlaid traders are steve seymour, guy adami, mark head fake, stocks stabilizing after sharp declines yesterday sent them to the major indices to their lowest level since may.

the german bond yields hitting record lows today. cold surging 2%. tim. what do you make of snit. >> first, i would be fading that gold move. ultimate ultimately, we have hot spots all around the world. this is all gold can do, i don't think gold is how you want to play. i think when you look at the u.s. market what is interesting to me the small cap outperforming the caps, the ibw everybody's play to have high correlation and volatilities outperforming. big cap being sold. this is people getting more defensive. if you look around the world, the rest of the world is somewhat and i think in a state of let's watch and follow with the exception of emerging markets, which i think is actually this is more of a pullback to buy, i look at the technic also in the s&p and a number of these market. 1914 trend line to watch. 1880s is where i think we will go. >> the small caps, consumer

staple, up .8 of a person. some peep say it's a search for yield here, dividend yield. >> i'm sure a lot of people are looking for something in the world of safety where they can get yield. it makes sense, i think the one thing that stood out even though wed a an 18-point swing, very large swing. we finished up flat. the financials throughout the day were in the green. i know the banc of america knows, this is all the financials, it was goldman sachs, j.p. morgan, citi as well, everyone holding up very, very well in a take when testifies negative. it did ease back. to tim's point, you did see gold, some of these moves to the upside. by the way, apple today led everything in terms of options over 2ple today a. lot has to do, don't read too much into this. it wasn't directional. people are playing water called a dividend play. so don't pay attention to it. but huge volumes out in apple. >> interesting.

all sell-offs were to be bought. what happened today? >> interesting. well, it held the level tim is faulking ability. steve mentioned it. i think you can trade around that. the fact though that we didn't have these ripping rallies we saw premier is interesting. tim mentioned the iwm, that held in there. the weakness in the transports upsets me a little bit. so you still have a lot of cross currents here. we rally in a move up five, circumstance seven handles, i don't think that's one to fade because you have seen it a number of times. it holds certain levels. >> i would think this price actually would be very constructive for you, who are saying markets are going lower because, in fact, we're not breaking that to the upside. on a day like yesterday, we shove done more today. >> i'm trying to temper this. i'm still in the 1860 camp. be you the fact that we traded down to this 1950 level and held, the fact that the russell bounded. the reversal in the bond mark,

which is somewhat interesting on the upside. >> the level is a 1200 day moving average. we haven't touched that in how long. to me, it was not that constructed today. we made a new low, 1911 is the level to watch. so i would be looking for another test of the 1911 level. there has been so many reasons to sell this mark. they've all been bought. >> the context is that we are 3, 4% off our record highs two fridays ago. this is barely a blip on the long-term market. >> if you were watching this morning, he talked about look this looks like a closer opportunity. he talked about a 10% pull back. >> is that an opportunity, really? >> i don't think it's enough yet. i think certain names that have been sold off. i think target would be one of those names that's been oversold in my opinion based upon some of the news that's come out. in other stocks, no. ut. >> if you are worried about growth. that's only this eng that can take this market down, germany was at the forefront of a

comeback in europe, now that's thought to be in question. you think that's going to spill out to a lower growth here, then you want to be buying utilities on this, where do you go to search for a yield during recessions? >> that yield is weak, extremely weak. >> how do you get deals of things on sale? >> we are taking a look at germany the dax officially entering territory down 10%. >> i have been short the last three to four weeks. to me, first of all even before russia went into its round two of kind of let's raise the ante and emerging markets the dax to me is always a great hedge, one, germans don't like equity, volatility is cheap. we have extremely high correlation to export economy to the world also to the asian growth story and then, obviously, russia. so this is a level where we broke through. the dax sliced to the 200 day ten days ago it hasn't looked

back, that actually is reason to be concerned. >> is russia, you krarngs the cherry on top for the dax shorts is this. >> if you think about germany's exposure and 10% of their exports, the contagion effect and europe is brought into a much bigger economic frauk cuss, that's where you are. the retail sales numbers came in much worse. the pmis that have come through haven't been what you have been expecting. nothing goes down in a straight line. it's a 23 rsi, relative strength indicator, which to me that's at the bottom, that's an oversold condition and it won't go on forever. >> right. >> but the point is it's not time to back up the trucking and cover that short. >> we're looking at stock specific stories. it's interesting to hear during earnings seasons some of these companies citing russia and the possible impact on consumer confidence it can have.

hotel stocks mentioned it in their earnings. >> why wouldn't you throw it out? >> the kitchen sink hand? >> if have you an excuse to use, you might as well use it. >> that itself environment we're in. i don't think it's that surprising in my opinion. the rsx, though, it's interesting. we are getting back down to the levels the press secretary said i only mentioned that, it's setting up to me again for a shot on the long side. we had a big move. >> quickly, i've spent so much time around here, i hate to oversimplify the complex yilt t. complexity is more complicated than people think. people don't understand that putin has effectively, he cannot lose ukraine, we haven't come close to seeing a response. you don't need to buy the second bouts, the first bouts and the really were so easy to call. people made money there, i would stay out of it now. >> nino reporting russian troops are gathering at the border. new ages larry mcdonald is watching the situation very closely. larry, good to see you with us.

>> good to be with you. >> in terms of u.s. equity, how much of a hit do you think that would be? >> i think because of the economic risk of that event, it will be 15 to 20% all day long. >> at least. how do you get to that number? >> the u.s. is growing around 1%. europe is less than that. you think of the negative impact into the ukraine and the trade imbalance, the greater level of sanctions that would occur. it would pretty easy get down to ten, sorry, 15 to 20%. >> the s&p 500 to the downside in terms of what it means for the u.s. economy. you are saying that an invasion would put us closer to the chance of recession? >> well, there is a bunch of indicators we follow. the retailers are under performing s&p by 700 basis points of 7%. oil is down 8%. oil, russia exports about 10 to

15% of the global supply of oil. oil ends with what's happening in iraq. oil should be up at 115 right now in terms of wti. there is a lot of economics. the last point is that the difference between the two-year treasury and the ten-year treasury has gone from 260 basis points to 200 t. last two economic revive also that curb between twos and tens have steepened. now we're massively flattening. >> sorry, how much when you see oil coming down, is that just all what you're prefacing here or is there something we're missing? is there something we could be seeing based on united states supply entering the market or where are we missing? everyone thought that spread between brent and wti was going to collapse. it's actually widened. how much of that is supply coming on verse what you are seeing as quote/unquote a.r.m. geddon almost. >> this event, this invasion the

best risk indicator, we have this lehman risk indicator. the best one we have, last wednesday we put a note out on declineance. the vix future, you went from contango towards vacuation the clients the hedge funds were buying up the short term ball they were selling that long term ball. that has been the best risk indicator t. bottom line is the risk curb is moving towards contango. >> larry mcdonald, we have to leave it there. hits to the s&p 500 should putin invade, guy, what do you think? >> in astate levels, first, maybe he's right, maybe not. you could easily see that 15% level. but again i'm not trying to be geopolitical here. to me it's all levels, a breach of 1866, i think larry is right in the ballpark.

>> you lived in russia for a long time. what do you think the odds are that would happen? in there larry says an invasion, what will happen. it will be a humanitarian effort to save ukrainian lives. so it's not going to be a traditional boots on the ground. there is no way that can happen or geopolitically putin would do that. i don't think no matter the that happens, that's a 20% correction in the u.s.. >> the am of humanitarian level, ukraine will not allow that. either way, it sound like this could be. >> what i said before that, i think we'll get there. i don't think that leads to a 20% sell-off in the united states mark. i think if you look at the leading indicators the la obore markets, two weeks ago, we were concerned about growth the world was better than we thought. i think we need to be careful about making a lot of assumptions. coming up, president obama will be hosting a news conference. we will bring you the results live afrlts big decision to stay

head quartered in the u.s. a look at wal grown's rough day of trade. that's next. could yahoo be stepping in to buy pandora? separating fact from fiction later on. stay tuned. kid: do you pay him? dad: of course. .

rnltsz we got some breaking news on banc of america and the doj. >> melissa, thanks so much. apparently banc of america is close to finalizing a joo deal with the justice department they have been wrangling over to the tune of 16 to 17 billion this of course to settle accusations that they falsified information to investors in selling mortgage back securities back before the financial crisis and really during it and, of course they purchased countrywide and other troubled lenders at the height of the housing boom and now, of course, are dealing with the legal ramifications of that. talks have been going on for most of the summer. reports that attorney general eric holder has refused initially to speak to brian money hasn't about a deal because they haven't made enough progress. these surfaced a month or so ago. since then there has been a phone conversation, at least one, possibly more. they seem to be working towards some sort of deal $9 billion of

this could be the cash penalty segment of the final pact. of course, another large chunk of the money will go to consumer relief. details still hammered out. nothing finaled yet, numbers trickling at the high end of what bank of america was able to pay which i understand to be 17 billion at the uppermost. they're close to that. >> this comes on the heels of the capital plan being resubmitted and approved. >> a good news bad news day for them. very good news that dividend will be issued the first time since 2007 and to go up to 5 cents, maybe they'd love to do a dollar. they're starting with small progress here. that's a vote of confident to investors. the other thing is having suspended their buy back program, that may have freed up some additional balance sheets to get the deal done. albeit for more money than they wanted. >> it was a good news good feuds kind of day, if there was a

settlement that puts that in the back. >> obviously, we bot the news they were going to put that dividend up at 5 cent. is the negotiation process on their part, kate, that interpret they did a really poor job, however the fact that it's that high it's pushing that 17 billion or is that almost expected it will be somewhere near that upper end? >> look, i think the banks thooel feel they have less leverage when it comes to negotiating with the justice department starting with j.p. morgan on to citi and in the case the b of a. there is a chance that you can't fight the government on this. >> that may have weakened their hand. it becomes difficult why they spend massive amounts on these settlements. they did buy countrywide. they have these legacy issues, they have settled with other entity, be it fannie and freddie or others. so they could argue new a way jmplt p. morgan perhaps couldn't as much. they should have put this behind them, therefore the price tag

should have been lower. >> kate, thanks for stopping bit. grasso, how roh are you trading this is this. >> i am currently out of the name. if we are looking at a slow down, you have to wait for a print below $15 possibly low 14 handle on the name if you are trading it technically. if the marm hols in, you give yourself a 14-and-a-half stop. you give up the boy back. you get this behind you. this is closure. i think bank will be the first to buy. >> walgreen's topping off our top trade tonight t. stock simpblg following a conference call why it's not planning to move its companies to avoid u.s. taxes, basically why it's not inverting. it sound like they're being a little bullied be i the political fear. >> i think there is a lot of people bullied. if you look at today's stock move, i don't think it was about the inversion deal it was about full year 2016 goirngs it came

in. the street had them at five bucks. these guys missed that almost by 15%. it basically says without growing internationally. without doing more and spreading out, these guys, their run rate here in the u.s. is starting to run into head winds. i think this was all about that. as much as they were bullied. this is not a play on oh the inversion deal took these guys out of business. >> i don't think you take that chunk out of it. it's some almost. i think the overwhelming majority was the inversion, it was calculated. >> a 10% to a 15% drop. >> i would say a lot of people are basking on that happening. >> it was close to something with the loss of today. i understand what you are saying. that projection for 16 is low. >> it's terrible. >> but as bad as that is, that stock is not going dun off that number. >> i don't think peeble were shocked by that announcement last night. >> do you like wal grown or no? >> no, not necessarily.

it's kind of like the mother ship. it's not expensive, it's tough to see where their top line is growing. >> crashing today's session on the earnings report last night t. ceo spoke to "squawk box" "squawk on the street" about the growing problem, major companies getting hackled. take a listen. >> our reports show that more than 97% of all large companies are getting breached, they're get, breached regularly. some of the current tools used are inadequate for being able to defend against some of these large groups. i think that's where fireeye comes in. we have mored a vanted technology and people. we can help with this problem. it's a pretty large scale issue for a lot of companies. >> the quarter looked all right t. kwaumpbs ca the conference call he was going to focus on profitability. >> that's a change. >> everything was better than expected. the loss was better than expected. revenue, guidance is better than

expected. i think what's happened here, they've lost credibility with the street. i think that's the main problem right now. i don't think people, look at the management team and have all that much confidence. there are other names that have done much better with a similar take. we talked ability palo alto networks, the stock has done very well. so this was a washout today. big volume date, but it's very hard to be confident. >> it's not the washout you can buy. >> listen, it's not a fame you can dance with right now i don't think. >> coming up, president obama will be hosting a news conference. we will bring you all of his comment live when we return. and 21st century fox abandoning its pursuit, fox reporting earnings moments ago. the latest rupert murdock in the call, any headlines in the merger that didn't go through. stay tuned. .

earnings alert on 21st century fox, julia boresen has the latest on the call. >> better tan expected results, ceo rupert murdock laid out his vision to grow the company without time warner and explaining why he withdrew his offer with his rival company. >> it appears time warner management board to engage with us to explore this offer coupled with the reaction of our value add stock resulted in an excursion but this transaction was for the longer attractive to fox shareholders. as you know, yesterday we walked away. this is our resolute decision

which is why we formally withdrew our acquisition offer. >> fox president ceo reiterated the decision quote to be clear we are done. as for why fox is so interested if time warner in the first place, kerry field questions and said it was a unique opportunity, while scale does matter, we have enough scale. there are questions about whether they look to grow that scale with another acquisition. melissa, the message they're trying to send is that we're doing great as is, back over to you. >> i talked to gavelli. they say they don't think rupert murdock is done. he will telegraph he is done and will pounce again. >> it's a trust issue. i think it's difficult for guys to come out the way they did and come back to the market. >> also the way he worded it. he worded it sounding as if it wasn't shareholder value. if you are going to act that way, it sort of gets to the point is it really in the

shareholder's interest? >> that quarterette yesterday in disney was fantastic. the time warner quarter was good. they got back down to a level where you look at it again. this fox quarter was equally impressf i think. they trade 18-and-a-half forward earnings. i think you can say it's rich. i think all these stocks at a certain level are very attractive on the long side. >> unless it's unusual activity here. center point's energy, which reported better than expected energy before the bell. what did you see? >> they had better revenues and they forecast for the full year, a lot of positive, stock didn't react very well. it's coming off the highs. it was in negative territory today, suddenly huge fires. last week, somebody was buying the september 27 calls. they are unchanged since that buying happened about a week or so ago. today they're buying the september 24 calls, huge numbers, so speculation, they're

around 60, 65 cents in that range. that was where most of them were bought. a lot of speculation over the next several weeks, we see this name move up to the upside. on top of that, the, a, you had activity as well. we talked at the beginning of the show about the utilities not reacting right now the way you'd expect. maybe that's coming in the next couple weeks. >> i am still in southern. so i get the yield and i'm praying that, i shouldn't say that. i'm hoping that it is something protection. >> i hope you are praying for world peace. >> i am praying for world peace. if the market slows down, we are hunter field like everybody is, if there is a recession, you will see how utilities outperform. >> pandora, the internet radio provider coming to its first ever licenseing deal with artists. an agreement with independent labor grurp merlin for musicians in more play for pandora station, rumors floating around

as they do that it may be acquired, yahoo may be interested in bogey pandora. >> if you look at google, this is obviously a hot space in the marketplace. pandora has a 11% short interest. looking at other formats, maybe sports, maybe talk, they're going after your car, xm satellite has that venue, i think pandora is going to be a bible cabinet. >> you think? >> you can't play it from the short side unfortunately, you get your face ripped off. i don't know if pete has option activity or there are interesting options the only way to play there is long for this binary event which may or may not happen. >> an 66 of it? >> any type of acquisition. >> i think the only way you'd want to play would be through options. they're so expensive t. volatility was the idea that people were going for weekly options that expire friday and the following week, monthlys, they're a week and a half as well. >> you were convinced. >> these rumors come up all the time i did see enough paper

where it stood out. mostly on the call side, upside calls, very active. >> that short interest to your point, guy, it's interesting, the forward pe as high as it is, the fames with the high pes not performing. >> like pandora. >> coming up, president obama is hosting a news conference momentarily. we will bring you the comments live as soon as they start right after this break. ans as well as they do insurance, our bank is through. good point. grab an edge. .

welcome back to "fast money." we are live at the fax market. 21st century fox rallying in the after hour trades on earnings. let's bring in the senior analyst who joins us on the "fast" line. thank you for joining us. >> thanks for having me. water next in terms of catalyst after the stock term buy back? >> it was a large quarter. the eps beat was lrnlly driven by some below line items. the above the line items were certainly solid. the company made pretty clear a new range of gains for 2016, which we've been looking at for some time now reduce bid the european asset sales, of course. it gave guidance for 2016, which is more the lean with the estimates we have been putting through here. so i think at this point it's

really a story of continuing to drive forward with the silly growth, regain some advertising strength and continue that strong performance of the fourth quarter. >> in your model itself, are you, because you make a point that if they did the share buy back right now all 6 billion, how are you factoring that in and do the estimates still have to catch up with this? >> reporter: right. we haven't changed our model yet. doing a rough calculation, use that $ billion today to buy back all the shares, it would be 10%. they're not going to do that they said they would be extending that evenly over the course of the year. that is something like 5% accretive to our current estimates coming in today. >> in terms of mergers and acquisitions did mr. murdock layout any sort of plan as to his strategy now for mna. >> the interesting question of the time warner acquisition had on, they made clear using their

words we are done. ie, for the plans to come back to that. they are seeing an opportunity. for the at need an opportunity to scale. they're quite clear it doesn't mean we are done, we're moving on. it doesn't mean they're looking to the next target. i certainly don't think that is in the cards. anything small or incremental a worth looking a. they're quite clear their best businesses have been clear not bomb. they have a lot of cash to do that with. >> what is your favorite name in your space right now? >> favorite name. we've got quite constructive views actually on most names in the space frankly, that includes the tv and media names. all these fames have come in quite heavily now. we like time warner. we like fox. we like cvs. beare bullish most of the stays i space here.

>> thanks for your time. we appreciate it. >> disney is still my favorite of all of tell. i look at all these content guys, cbs, fox, i still look at disney and that quarter they put up was outstandings, the earning, the revenue, they crushed it. they spent a lot of money on content buying these leads in college football and obviously the nfl contract coming up soon. this is a fame i city think is undervalued. >> there has to be a consolidation. it won't be disney, again a result of a big bar that stock should have been 4 or 5% up if this was a stock lying in the weeds instead of cliping on all cylinders. that starwars" they stole from lukas will be the buy. disney, i agree. >> i've never seen "star worse." i know that's hard to believe. >> let's go to the cinema.

>> news flash "star wars" is no longer in the theaters. >> chewy. >> we're not going. >> bottom lean. >> pleddia trade. >> what was that? >> it was a chewy, chewbaca. button it up with a media trade. >> i think given the self and time warner, i agree on disney, i think cvs goes back to 80 bucks. >> time for pops and drops, macys up 2%. >> one of the best ideas for morgan stanley, when you look at the execution and what they have been able do every single quarter. i think it goes higher. i think it fits two-week highs. >> tesla, grasso. >> tesla. >> can you do it? >> tesla. >> so tesla you are looking at 265 is that all time high for february so if you look at 2

zief, that's where you got to break through there's my voice. break through that level to be viable again i would say but you got to have the stomach for this one. i think model x will be a huge amount of tail wind for these guys. you got to look at tesla. i'm a lit afraid of this level here. >> tesla. >> groupon, 13%. >> we talked about it last night. dan nathan said basically this is worth their cash balance. it was a terrible quarter. i don't think it was 16% terrible as what we saw in the after market. it traded down 13%. there is no real reason to own it other than the huge volume day, maybe get a bounce in this name. that's how you play it. >> take two interactive down 6%. tim. >> fiscal first quarter. second quarter came in better than expected. they were 54 cents a year earlier. grand theft auto five which i know you guys all play every night. still doing very well. the problem is it's what have you done for me tomorrow.

evolve is the next big game for these guys is delayed. down almost 1st today. >> a pop for stellar results. spacecraft ro set that made history to run debut with a comet. it launched with the space agency if 2004. rosetta beat up with a comet known as 67-p now traveling in the same orbit, they will make their aaround the sun him scientists hope the landmark mission will unlock many of the missions. >> it was that movie out of that road. >> seriously, did you see that movie with bruce willis they landed on the comet. >> when they rendezvous? in there spacecraft rendezvous. >> family show. >> google it during the break. green mountaincosis, shares are falling. the latest after hours action.

we are awaiting president obama's news conference, we will get to those comments live when we return. g opportunities tdd#: 1-800-345-2550 just waiting to be found. tdd#: 1-800-345-2550 at schwab, we're here to help tdd#: 1-800-345-2550 bring what inspires you .

rets get an earnings on green mountain falling in the after hours sessions. morgan. >> thanks, green mountain coffee the maker of the k-cup coffee brewers reporting a 33% rides on quarterly profit on higher demand. it did issue guidance that came up short up street forecasts. that's how we're seeing the stock currently trading down in the after hours. melissa, back to you. >> morgan, thanks for that. let's bring in mark riddick. meteorologyen capital has a buy rating. mark, the gains for the current quarter looks awful. >> well, thanks for having me t. guidance is below the street certainly. that seems to take into account several of the efforts behind the launch of 2.0. i will point out the last quarter when the company provided giants, they provided a range of 83 to 88 cents.

they ended up delivering 99. but the quarter is one that takes into account the launch of the new product which has actually begun shipping. the company reported they began shipping to their customers last week. it takes into account significant increases as far as the support behind that. so that also includes some of the product samples and the craft being included in the box. there is quite a lot of investment h behind the launch of the product. >> did they include subway going forward as to how that launch has gone and what they're projecting? >> they touched on it specifically. with subway, they noted it's something they view positively. they now have about 20,000 subway locations with carriage systems in place. they began launchesing the bolt system, which is the 64-ounce craft used in office and some food service locations so they

touched on it a bit. they do view that as a growth driver going forward, certainly the primary surface as the launch today is on 12.0. >> are you getting the sense that the bulk of the spending is done or will relent after it has launched? >> no, i think this is the beginnings behind the launch of the 2.0. i think that will continue into the holiday season and beyond and so the increases include market and sga and the r&d they noted would be picking up as well as they not only launch 2.0 but the launch into next year some a lot is all the investment spending you would imagine would be there behind that. they announced you are beginning to get the full benefit of the announced ads with tj and also new unannounced brands that will

ramp up during quarter as well. they also have those expense, some of these things will end up being announced as the quarter goes through. >> sure. >> that is something that should be kept in mind as well. >> mark, the boy rating, by the way, do you have gmcr? >> i believe the target is 125. here we are trading at 116 in the after mark. not a huge room to the upside. >> not a lot of reward. >> so i think there are probably better spots out there. if you go to a duncan, if you stay in the coffee world, i like what they're doing. they're obviously spending money going forward with this 2.0. this launch, particularly this subway thing could be something much bigger than now. >> full-84 guidance was good few look and obviously there is still a lot of noise surrounding this name poernl potential upside noise. i think you can buy this.

>> time warner taking a beating after fox withdraws its bid. could there be more pain ahead for this stock? we are breaking down the trade. much more "fast" straight ahead. .

tippic media companies two big stock moves, 21st century stocks rallying after it announced it would send shares of twx off a cliff. some traders are placing big bets this divergence will continue. mike koe has tonight's "options action." >> both on the news of earnings and fox pulling out of that bid, they were making both of these traders three times their average daily volume if both cases. that's where the similarities end. time warner first, bearish activities, buyers of the put spread, ultimately the options that saw the most activity were the august 72-and-a-half puts. if you were to buy those, are you making bets this stock is actually going to go below. now we're going back to the tox

chart below $72 bucks by next friday, not this coming friday. exact opposite situation at fox. here we saw a lot of bullish activity. this was a name that actually saw about 50% more calls trade tan puts. and one of the places we saw a big institution alibi was actually on the 33 calls. they were paying ability 70 cents for this, if you take a look at how it did after hours, i think these were already on the money. >> thanks for that. check out the we believe out optionsaction.cnbc.com. jack in the box jumping in the after hours session, morgan brennan. >> thanks, melissa. jack in the box is moving faster in after hours, better tan expected third quarter results. same store sales up slightly better tan anticipated. it's the cordoba chain the standout with sales, they're rising 7%. nearly twice the forecast. we're seeing the stock up more than % in the after hours.

i will mention they also just announced they are coming out with their version of the kronut, starting tomorrow a croissant and donut. >> thank goodness. i have been waiting for somebody to come out with a kronut. thank you. guy adami. you looic this stock. free kronut. >> i hear. extra chigen no beans. >> i never had a kronut. q-doba. morgan said they're under appreciated in the cordoba brand, i'm surprised it's doctor 59 bucks. its dragged down mcdonald's is dragging down a lot of these names i think it should be forth of 60. valuation is stretched. >> jack in the box into kronuts. competition for duncan do nuts.

>> i think it stand out, what have we seen time and time again? >> chipotle. >> we have seen it with the most recent launch of poco loco. >> el pollo loco. >> it's crazy. >> loco. >> they've done well. >>let get some tweets. you tweeted, we traded first up for tim. what's the story of the other internet stocks? >> you can't buy them all with the same brush valuation is just fine. if you look at some of the other places, i like the online real estate place, get back to the big boys 1k3wr0e67b89 aidu, this is a 30% multiple. this is as good and better tan you are getting at goggle. noise versus reality. in the case of things like edu,

you have to do your home. corporate governance is a big risk. next up, what do you make of the projectiles action in first solar today? >> initially it looked like folks were a members on the quarter. the fullier the numbers stayed in line, if you look at where they're trading balance sheet is fantastic. i think this is a stock that actually has a 70 handle in front of it. >> this is for grasso. any potential upside if targa resources? >> the potential upside, 82er to date it's up 40 cents. any further upside, i think you have to trade against it. i would say stay away from it. this is not time to buy the gas. wait until september and october. >> what is your favorite energy play right now? >> i'll in the service. emt. i feel that's a crowded trade. i think you have to go with

halliburton, hugh, weatherford, they have tremendous russian exposure. >> guy simple question what's up with cbi? >> huge stock into the spring. we talked about it for a while. all of a sudden people talked ability accounting regularties, nobody has been able to put their finger out there. you look at the last quarter, it was good. it isn't the matter, hopefully you watch. we said it needed to hold 75 on the way down for to you buy it. it held there for a while. broke. you have seen what's happened since now it feels it's a no touch so you have a capitulation there which you haven't had in a while. >> we are awaiting president obama's news conference. we will bring you the comments live when we come back. [bel .

we are awaiting president obama's news conference, he is set to speak in a a matter of minutes. eamon javers, any indication as to what he might say? >> we don't know. they have set up the presidential podium. we are awaiting the president to come out and give us what's happening so far today. we can expect he will deliver a

short statement and tike a few comments. in theory the statement will be about progress made at the summit, talking about business, private partnership opportunities between u.s. businesses and africa, african businesses, also, you can expect the president to talk about ebola. the number of african leaders have not been able to attend today's event here in washington, d.c., because they had to stay home and take care of the health outbreak problems in their home countries. so the president will touch on that t. white house has been anxious to make sure ebola season overshadow this u.s.-africa summit. they want to stay focused on the idea of opportunity and growth in africa and pointing out over and over again the past couple days, there is a little problem with ebola in west africa. it's one of the things the white house has been at pains to say, we can also expect, though, the president will take questions on a range of other foreign policy issues bedeviling this administration everything from the you kra into israel and gaza

and what's going on in iraq. so a lot of issues at stake here from the president. we den know exactly how many questions he's going to take. you can imagine the reporters will get as many in as they can. >> eman javers, thanks so much. the president is set to speak at any moment, "mad money" will have lot for joining us. see you tomorrow at 5:00 for more "fast." "mad money" begins right now. hey, i'm cramer. welcome to "mad money." welcome to cramerica. we are awaiting a news conference from the president at any moment. and we will bring you that as soon as it begins. but until then, other people want to make friends, i'm just trying to make you some money. my job, not just to entertain, but to coach and teach. call me at 1-800-743-cnbc, or tweet me @jimcramer. sometimes it's worth asking, why the heck didn't we get hammered today? why? why? considering all the hideous corporate news. why weren't w