that we've got all these under-25 entrepreneurs starting companies back in india, mexico or china, right? >> that's a point. great to hear your thoughts, especially in light of the president's announcement. that does it for us on "closing bell." my thanks to the entire panel. now over to "fast money" with melissa lee and the gandy. thank you so much. live from new york city's times square, this is "fast money." tim seemo, pete najarian, guy adami, and we have the ceo from southwest airlines. it's a cnbc exclusive. we start with breaking news. kelly has the details in washington, d.c. kate? >> melissa, an influential senate panel just out with a 400-page report accusing goldman sachs and jpmorgan of engaging in manipulative practices, also saying that morgan stanley is in

yisky behavior that expos it is to catastrophic disasters all related to the banks' commodity business. on the goldman sachs side, the accusation is in the aluminum warehouse storage business, it effectively manipulated the rules in play to push up the price of aluminum in the u.s., that that was the effect for consumers and companies. on the morgan stanley side, it says that morgan stanley had an oil and gas infrastructure over the years that rivalled that of some of the big oil companies and exposed it to potential catastrophic risk. the issues were the same. finally with jpmorgan, it says that in the power plant business, they engaged in manipulative practices. of course it had a settlement with ferc regally, and it talks about the regulatory business, raising serious questions about whether it underplayed the risk testify taking.

>> kate, in terms of these businesses, were these business that is grew themselves, were they organic or acquired businesses? >> for the most part they were acquired businesses. it talks a bit about the regulatory framework that allowed banks to buy commodity assets, and the fed is considering curbing these banks' abilities to own these assets. goldman, probably the mime example, bought this metal company, and it was able to charge rents for storing aluminum and other metal. the way it handled that business, though, and without getting into too much detail, effectively pushed up prices in the u.s. for aluminum. that's where the panel gets concerned, senator carl levin, who runs this committee and is retiring shortly, has said he thinks, banks commerce and other risky activities like this should be separated. at the same time, kate, in terms of possible regulatory

actions, this comes at a time when banks are stepping away from the commodity business. >> yes and no. i asked that question at a reporter's briefing today. here's what i was told. yes, you do see jpmorgan selling many of its assets. gold man hour has said very recently it's committed to its commodity business. i know from my own reporting they have attempted to buy new assets, even as they sell some, including this met broke -- as well, the committee members noted that b of a merrill has attempted to add to its asset base in terms of physical commodities, has a pending request, apparently for several years now that has yet to be decided. it's sort of in limbo because of the dinamics we're talking about. >> kate, thank you for the breaking news. come back with any details you have. indicate kelly there. so basically three major banks in the cross hairs of congress

for how they are treatling commodities. >> talk about the horse having left the barn, this is ridiculous to me. a report which probably took a couple years which this -- morgan stanley sold their oil trading business to ross earlier this year, barclays is out, jpmorgan is out and saying that banks should be separated from commodities is you could sur. a lot of the big commodity consumers are ones that need banks in the transactions, and to me this is an attack upon the banks that continues and continues. >> wesht note that the stocks across the board not moving too much. banks largely don't move often, but not much of a reaction so far. >> as tim said, this is somewhat -- listen, this has happened in the past, we know the banks are in the cross hairs. i would say if you like the banks, and i'm kind of neutral on bank, you buy it on these news, because this will not have an impact necessarily on the

earns going forward. we know that everybody is in the cross hairs and there's probably going to be some other fines and fees out there. >> brian took the words out of my mouth. if they sell off, i would be a big-time buyer. i lie the barracks already. if they told solve to cover this old news, in my opinion. i would jump on goldman sachs so fast, and next on jpmorgan. >> how much of a pullback? >> just even a couple percent. because i like where they are now, i think on any pullback into the end of the years, you have a great opportunity. >> bottom line is they're kefrd about special lators driving the cost margin calls, but also speculative action.

it's only when prices go up. people speculate on things going up and down. >> we have more breaking news on yahoo this time, morgue is not brennan has the details. >> yaw ma and mozilla announcing a strategic partnership. yaw should be become the default search engine for firefox. back to you. i don't think it has to do with any of the deals that marisa has been trying to transact. it's at about alibaba. i think that's what's -- i still think 55 is within the cross

hairs very soon. >> i them i'm more concerned is probably 50 bucks. we said this yesterday, yahoo is a pullback, because ali babb babb, it's seven time ebitda, which is fair, otherwise i don't think you need to jump into this one. i don't think the news is significant, either. >> listen, you know, if you think yahoo earnings are going to increase because they have a little bar on mozilla, you're crazy. first of all it was wrong to sell yahoo in the after hours. it completely ripped higher, never got a chance to buy it. as long as it holds 50, i would have to agree with the golden gopher. >> great or disagree with gg, g-wiz, as you like to go.

>> senior we speaking english here? i think north of 50, the stock is more volatile probably, i think the next release will be critical. i thought 45, it's 50 now, it probably does go to 55 first. >> shares popping after the airline announced -- there's only one airline now that does not. that would be southwest. we have the ceo in an exclusive interview to talk about whether he will follow jetblue's foots. and tesla, after this break. stay tuned. friday night, buddy.

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we're for net neutrality protection. now, here's some news you may find even more surprising. we're comcast. the only isp legally bound by full net neutrality rules. ♪ qualcomm getting hit hard, holding the analyst day meeting today in new york. ceo commenting on his fears over the chinese licensing issues. >> it's something we hope to resolve. we're clear to make sure people know what's going on, but in this situation it's difficult to say what we're doing, but we're actively involved with talking to the chinese government to try

to resolve these issues. what we are happy about is the product business in china is doing quite well. >> maybe not enough. down 2%. >> we talked about it, i thought there was a capitulation, and we've seen that before. the guidance was clearly lousy, but i thought that move to 67 1/2 priced it all in. today obviously caught me a bit off-guard. i think those things will get rectified. >> eventually. >> but we don't know what the time frame is. this is china. >> well, i think you do stay long the stock here against that bottom we saw november 6th, which i believe was 67 1/2. >> there was a myriad of chip names to play it space. would you do qualcomm? >> it's probably my least favorite, but i like it. their consistency and server business as well. we had a chance to talk to steve for a long time.

they love what's going on in china. it's just a slow, long process, but you're getting paid along the way, so i don't think there's anything wrong with the stock down here. i think you can own it. i don't think you have any excitement, let's, but it's a great place if you want to park your money. >> it trades like death. i think it's a very dangerous spot. >> until it doesn't, though, because they have given you all the bad news. >> maybe. >> and they gave us bad news, it reversed off of 72. this this breaks below 69, it's done. >> i agree with that, but pete makes a good point. >> but to the extent they guys are range-bound on china, this is a big part of their business, even though the business moodle is totally intact. i agree with guy on this level of stock.

>> on that topic, i would take intel over qualcomm. >> same valuation, same different. >> i think the management is running this company far better. i understand the growth and know it's all the about china. so are they fears fair? less's brit in carter driscoll, who has a buy rating. carter, great to have you. >> thank you very much for having me. >> your eps estimates are also pretty much on the low end of the street. >> in near term they are. >> should we be concerned about that? >>. >> no deliveries are pretty much right in line. for the model x introduction. model x has delayed a couple times, i don't think that should have been a surprise for the

street. i think they'll be able to deliver. my expectations for next year are pretty much in line with the street. you're buying this stock for the giga factory. and for the model 3 eventually down the road. it's still going to be a small percentage of their total revenue and profit contribution. >> but doesn't that then mean if you believe in the giga factory, all the r&d costs, this company will start to be more profitable? that to me is the major risk, that and competition. what do you see on costs and r&d, for all the people who say you're out of the woods? >> no, that's a fair point. i think if you look at the fact they're accelerating production speaks to the fact that they believe they can drive down the battery price pretty aggressively through scale and location of the facility. it's up 30% reduction is

critical. they're spending a lot of money up front. it's making the cash flows look more negative, but longer term i thi think. >> look at all the others out will. bmw, general motors, ford, certainly a lot move vehicle introductions that will make evs a bigger part of the consumer lane scape a few years from now. >> are you concerned that the ceo is as vocal as he is? or is that the new breed of ceo today? >> i think it is. he's very technologically savvy, and okay, sometimes it can come across as a bit flippant, yet i think he's one of the most intelligence and visionary ceos we have on the street today. i think a lot of people forget about that. the title of my report is "don't

bet against the ironman." i think you bet against him at your own risk. >> carter driscoll, thank you for coming by. the stock was down about 4% on the day on this note from morgan stanley. he as an influential analyst. hi past couple calls -- he was on his show last questionic the production of the f-15 and the aluminum, and how that will be impacted. he was throwing out all sorts of possibility why there might be production problems, and then he issued a clarification on that. just in the past week, he had a note out on tesla again, saying that the falcon, folden doors were at risk. elon musk came out on twitter saying that's now true. he issued a clarification. i wanted to throw that out there in terms of this guy, he has a lot of power on the street, but let's check what he's saying. >> he should spend more time on

the road singing with his brother. >> but seriously. >> there's so much momentum, the battery we sauce, we all overreactions across the board, so people that trade the stock, that's the number one lesson, you can't respond to the headlines. one of the things you have to think about is carter is suddenly talking about other automakers. and clearly he is, not a technology company. up next jetblue get said to take away legroom and charge for baggage. will southwest eventually give into the pressure? we sit down with gary kelly in a cnbc exclusive. that's next. attention investor!

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at earnings alert on salesforce. let's get to morgan brennan. >> i just have to say, you guys have the best music on your show. >> i know. the company's third quarter earnings beating street expectations by a penny, revenue coming in basically in line, but it is forecasting current quarter revenue that fell a bit short of market expectations. >> we should know that -- that was my bad. >> fourth quarter guys wasn't great. the quarter was fine. fourth quarter was a great, but when you trait it close to 90 times, this is what happens. what does that mean? >> beginning of the year we held to 67, made a push towards that again, sold off. you have a double top. it feels like it wants to push

now down towards the 54 net, 55 level. maybe it gets interesting there. i do think it trades lower from here as well. jetblue charging baggage fees, and now southwest airlines is the last standing carrier where your bags fly free. joining us gary kelly, the chairman and ceo of southwest. great to have you on the show. >> great to be back with you. >> i know that on november 11th your investor day, you want that you appreciate or you stood by the important of fee-friendly customer policies, something to that effect. at the same time, i want to show the audience what exactly southwest offers passengers for free, because the list is stagger. it's not just the check bag. it's also tv, wifi, et cetera. some people will look at those and say those are perks. others will say these are revenue opportunities. when you say fee-friendly, gary,

where is the line on that? >> you know, for years we want we didn't want to have hidden fees, but i would just take a step back from there even and say we are america's low-fare airline. we're certainly america's larger in leading low-fare airline, and everything that we think about really flows from that positioning. that's been 43 years. we like being different. we like being a maverick. now we've got this incent distinction, which is a give from our competitors to be different by nothing nickel and diming customers. customers hate bag fees and southwest airlines is a beloved brand. so we're doing really well. we carry more customers in the united states than any other carrier by far and bags fly free is a major reason for that. >> do you think you will gain

customers because of the switch in jetblue's part? or you think there's not enough overlap in -- >> we definitely compete head to head. history would suggest we will definitely gain some customers there. if you go back to 2009 when the industry first started doing that, there was a significant market share shift. it's hard to say, using history as a guide, i would guess, yes, we'll gain customers. it's just another way to compete, and we all compete very vigorously for customers. i love having that kind of competitive advantage. >> when you look at this long list that your airline offering, do you say if we charged for wifi, we could make extra even if we keep the rest, like a free checked bag? >> well, certainly if there are opportunities, which is literally what you said. if we're talking about leaving hundreds of millions on the table, we're doing everything we

can to keep our costs low, to keep our costs under control, but we also have to take care of our employees. we're the best in the business and do the best job of serving customers, and we've got to generate a return for our shoulders. all that has to be balanced, but the simple fact is we don't have that kind of opportunity to generate that kind of revenue by charging for wifi or any other things you listed. all the research that we have done says that charging for bag fees would make our revenues go down, because we would lose more customers than we would gain in bag fees. that's what our judgment was initially and that's what the research shows today. >> what does it show in terms of the customer loss rate would be if you did charge? i'm trying to understand what the impact might to jetblue. they say it will add to the bottom line, but what have you found in terms of customers, you know, sensitivity to pricing when it comes to that checked

back bag? >> well, you know, you can do the math. average customer revenue based on the fare for southwest airlines is about $150. you lose one customer and it's going to take six bag fees to make up for that. so it's a real hard sell. the original estimates that we did back in 2009 would suggest that 95% of our customers would have to became exactly as they were before for you to break even on charging for bags. we have ample evidence over decades showing that even if we move the fares by a dollar or $2 or $3, you will see a reduction in traffic. so it -- it's just not plausible to think that 95% of customers will behave exactly as they did before. the majority will go ahead and pay the bag fee, but that won't

be enough to be revenue-positive, at least in our judgment. >> gary, thanks so much for your time. we do appreciate it. >> thank you. what do you think? >> i tell you what, there's two ways to look at this. if you think gary is correct and they southwest sets up nicely for a trade. you have a tight range here between 38 1/2 to 40, on a breakout you -- on the other hand, jet complain blue is now a catch-up trade, right? now they're starting to charge, now they're going to catch up. southwest has just been on a tear, so you could actually probably buy both of them, if you believe that both of those are going to happen. >> what do you think? >> i think gary is making a huge mistake. >> by not charging? >> right, and the problem started when they started pushing this no bassage fees. now i think they have put themselves into a corner. when delta can make $800 and

they're going over a billion this year, and southwest says this is something we -- the legacy area lirns are absolutely killing it, the fuel costs, they're able to charge for the bags. they're able to charge for just about anything. people continue to go there. i think they're misjudging. the third installment of the "the hunger games" movies is coming up. plus dollar rally that just won't quit. we've been one guest who says a greekback rally might be winding down sooner than you think. stay tuned. e for trading never stops, tdd# 1-800-345-2550 even on the go. tdd# 1-800-345-2550 open a schwab account, and you could earn tdd# 1-800-345-2550 300 commission-free online trades. tdd# 1-800-345-2550 so if you get a trade idea, schwab can help you take it on. tdd# 1-800-345-2550 we're getting a lot of questions tdd# 1-800-345-2550 about organic food stocks. tdd# 1-800-345-2550 [ male announcer ] sharpen your instincts tdd# 1-800-345-2550 with in-depth analysis by schwab experts. tdd# 1-800-345-2550 and if you want to run your idea tdd# 1-800-345-2550 by a schwab trading specialist, tdd# 1-800-345-2550 our expertise is just a tap away. tdd# 1-800-345-2550 what's on your mind, lisa? tdd# 1-800-345-2550 i'd like to talk about a trade idea. tdd# 1-800-345-2550 let's hear it.

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melissa, president obama is planning to nominate the null administrator for the nhtsa. the significance of this nomination is simple. dr. rosekind has a background. he's been in the ntsb since 2010. he is steeped in the history of transportation safety research, specializing in fatigue issues, and he understands the inner

workings when it comes to the ntsb investigating transportation companies, what all goes into what will be facing him when he runs hntsa. this ends the current rocky tenure of the current administrator. under his leadership he had two huge recall scanned always, one with general motors, and one with tecate. the obama administration is hoping to put nhtsa on better footing. times for pops and droops. big mover, ibo pharma -- >> these pharma names are very interesting to me. i would go back to gilead, bouncing off this level is the place to be. that name is too dicey. >> pop for lowe's. >> this is a huge pop on a

company that's outperformed the s&p. we do think there's big-ticket items. i think eps growth stays. i am not buying tomorrow, however. >> pete? >> absolutely crushed on just about every metric. when you look at the digital sales, that was great as well, but this stock was trading underneath $60, that's when insiders were buying. up toward 71, 72, you have to take some off the table. >> drop for blackberry. >> yes, morgan stanley cut them, because they said there was excessive excitement in the stock, which is potentially me -- >> i am -- i will say it actually sets up fantastic -- a happy -- absolutely. i did play the trombone in the high school, but that's completely beside the point. the point is, you use $10 as you stop, great risk/reward.

i think you buy it. >> moving on. >> the third installment of "the hunger games" franchise, presale tickets have already set a record for 2014. grossed more than 1.5 million, but with xhin reportedly cancelling its premiere, can a third movie deliver the same results? joining us is lionsgate vice charm michael byrd. nice to see you again. >> hi, melissa, nice to see you. >> there are some conflicting reports whether or not the premiere is delayed or its indefinitely postponed. those are two completely different things. give us the scoop. >> no, i think those stories, again, a bit overblown. no, we're actually looking for a bright release date in china. that has to be worked out. i would expect that mobsingjay 1 will be coming out the next

quarter. >> it has nothing to do with the chinese censors saying the themes are too close to home at this point? >> i certainly don't think so. >> what are your expectations? at least the ticket sales are off the charts for the premiere weekend. the reviews are mixed, which doesn't necessarily mean that it won't make a lot of money. >> i thought "new york post" had a negative review. i think overall the reviews have been terrific, just take a look at rotten tomatoes, and the movie plays gang busters, but again you don't want to overhype anything. the report about alibaba, its potential intent to buy the $37.4% stake in the company that mark has and might be looking to exit. what can you tell us about that? >> you like to spend a lot of time on speculation. maybe i have been reading the

post, melissa. mark has been a great shareholder, somebody sent me an e-mail the other night, saw him and said, what do you think he'll do with his stock? and i sent an e-mail back -- make money. he's done incredibly well. whether he decides to sell a piece of his stake or bigger chunk, that's certainly up to him. i think mark would tell you he believes in the content strategy, and he's been terrific and he's a great investor. >> do you talk to him at all at what sort of exit price -- >> i kid around and i say he's good until close. no, i think mark's view is -- again, it's up to him, i can't speak for him, but the view is what's best for the company and what's best for my fund holders? >> what kind of partner would alibaba be? you have a partnership with alibaba in terms of -- where by

subscription service settop boxes people can actually access content. how important would this be in your view? would alibaba, would jack maw be a partner for you? >> they already are a partner. an interesting statistic. i was driving over here to do this interview, i was looking, you know, they invented this singles day, 11/11, and alibaba did more revenue, more business on that day, november 11th than the entire domestic box office year to date for all the studios. in one day. so, look, we really do treasure our relationship with them. we're very excited about the launch. so will they be a good partner? we think so. we are looking forward to the results on that, on the setstop box launch. >> we've been watching the stock, as we always do. what we noticed is that your stock started rising when there were records that has broke was going to buy dreamworks.

the way one would interpret that is perhaps you would be lionsgate would be a takeover target. is that true in any way, do you think? are you considering a sale? would you be open to it? do you think it's poppycock? >> i get you would say this, melissa, we believe that, you know, all these resume ours, all these things go around certainty highlight the value of content. we are certainly one of the only pew player content players out there. we feel about our good -- i've been hearing rumors for a long time, and again we don't comment on speculation. >> are you in shopping mode? like make dreamworks? >> i tell you this, we look at everything. it has to be accretive to our stockholders. we announced a buyback program a while ago. for you to make any deal, it has

to be more accretive than our current stock. so, again, we look at everything that we think fits, and we think that we are going to stick to our plan. >> michael, you know, unfortunately we have run out of time, but thank you so much. always good to see you. >> thank you, melissa. hi, guys. >> michael burns. >> you gave him a hard time. >> i'm not -- there's a lot of issues to be discussed. >> things that have been drying the stock -- >> there were a lot of things that needed to be talked about. >> the stock is going higher. almost a 30% short -- i think it makes a push toward the levels we saw this time last year and beyond. he's a great ceo, give the man a break. >> john is going to be insulted -- anyway. >> the stock's been a monster. it has moved up recently. 36 is your key here, though. coming up next, the u.s. dollar has hit a seven-aye high,

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morgan? >> shares surging in the afterhours, according to a new filing with the s.e.c. tine, within creditor has dropped out of restructuring talks with the casino operator regarding the main operating units. among the numerous proposals their being considered, the company could be restructured as a real estate investment trust, a reit, with a property company and an operating company. reits have become popular among gaming companies in recent weeks. pinnacle interattempt recently announced the boyd gaming discuss -- so shares of caesars up about 11.5%. melissa, back to you. >> thanks, morgan brennan. of course the instrument could be attracting more investors these days.

>> it is. >> down the line. >> i think with secaesars it's traded roughly from 12, a spike up to 16. i think some of this news will give it another room to rally. i don't think it's based upon anything other than they're doing in vegas and macamacau. though the stock has been horrible from 25 to 12, to your point, even if its engineered, the stock probably has more room to run on the up side. >> do you wonder when they're all trying to spin out these reits, what does that tell you? >> if the real estate is the most valuable asset, what is left? >> does it have any more room? >> okay. time for today's "a" game when we look at some alternative strategies. >> and continuing higher after the release of october's fed minutes. could that big rally soon be

coming to an end? let's bring in -- mark chandler. mark, great to see you. >> thanks a lot, melissa. how can it come to an end if the u.s. is the best house in a lousy block and every other bank is pushing on monetary policy and the fed is easing off? >> sure. no, i think the dollar in the medium term has more room to run. however, the value is long in the tooth, so to speak. i think we're seeing the euro beginning to cave out a small bottom. i can see a chance for a couple cents to the up side. no resistance here. all this talk about currency wars, but there's been no pushback. they're not taking advantage of any pullback in the dollar to buy it. >> mark, brian kelly. let's talk euros. where do you stand on full-blown quantitative easing? will they be able to do it?

if they do, will it work? >> i wonder about this idea of a full-blown qe. what the federal reserve did, they never called qe, they caused can credit easing. i think the next step is buying the super-national bonds like the european investment bank or e suismt bonds. i think europe had a different challenge than we had in the u.s. interest rates are already low. look at jenny. they have negative interest rates, and so i'm not so sure the solution in europe is going to be monetary policy. i would look for next week from the european parliament for a big push on fiscal stimulus. monetary policy i think that is more or less run its course, as far as ebbetiveness, i think they have to focus on fiscal policy. >> mark, i'll leave it there. thank you. >> what will you do? >> fed minutes out today, we didn't even talk about this, but i think they basically gave a green light to go higher. i think the dollar is going higher at 8840, but sell short

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mike has more of the action on gamestop. >> they did trade today, but that's not the interesting bit. the interesting bit is how much they were paying for the options. twice the normal amount. the options market is implying about an 11% move, which is more than twice to 5%. in fact the most active options were actually the ones that expire on friday. those are the 40-strike options. we'll see if we can get that graph back. we're not going to. instead what we're dealing with is a situation where they were paying a dollar for the november 40 puts oh, look, they brought

it back for us. what is interesting to me, though, is that the straddle, the at the money options -- i shouldn't use this pen, i don't think. that actually is suggesting it could go in either direction by 11%. i think if you're going to play this, a better way to do it is go further out in time. >> there's been bullishness about best buy going into the holidays. what about gamestop for the same deal? >> i guess you could, but the way it's trade you had, i i would the no touch this at all. i would be a put buyer on this. >> for more 5:30 p.m. eastern time on fridays. now, we've got an earns alert here on green mountain. so let's get to morgan brennan. >> green mountain beating on both the top and bottom line on an 11% jump. this on higher sales of the k-cup coffee packs. it said the 2015 sales will grow

in the high single to low double-digits, and the cfo will leave next year. the call saying it's 90% locked up for 2015 in terms of coffee, but those coffee rates are higher. also forecasting it will take a number the years to grow the install basis for the cold system product. in the after-hours are hours trading down about half a percent. back to you. >> morgan, thank you. who's a fan? >> i am. >> really? >> anybody who has growth. when you look at what they've dock with their retches, this company continues to put on different ideas with other people as well, because of that most recently it was kraft obviously we know about coca-cola. i think that puts them in a great spot right now. >> cliff's natural resources falling hard after announcing it's going to leave -- of course it started with rio and bali

increasing output during the year. >> this is not necessarily new news, right? i think if anything, you can probably bet on the other side, about you we know that china is destocking, a lot of the iron ore proses have hit lows. tim mentioned the australian dollar. the australian dollar i think is probably the way to play this. >> i would be careful about going at these levels. i think iron ore -- >> you're in cliffs. >> i would be very careful to not short it, but i think it's a stock that's probably stuck until you get some basing on the underlying spot. i think iron ore processes can probably go as long as 55 buck as ton. i think at that point you start to see some basic, but there's no production discipline in iron ore. i there -- >> on the flip side, though, we have names like x, letter x up 18%, a huge move obviously from the teens to 45 bucks. it pulled back more than i thought, but bmo just initiated.

i think they put a $43 price target. i think you have a stock to buy this cheaper, but i think you can start layering the position here. obviously not earns under the middle of january, but i think it's stalled off enough. >> some of the name that get interesting have been the -- when you look at that areas, the move to the up side. to me it almost feels like people just trying to bottom fish a bit. maybe there had be consolidation. whatever it is, right now over the last month, the move to the up side has been impressive. some of the names definite -- >> such as? >> such as walter. >> are you in, walter? >> i'm not in any of the names right now, but certainly there's been activity out there as well. stay tuned. we'll be right back.

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move themselves into that sort of a world? certainly williams sonoma is. at these levels, that's a pretty big spike. i don't think you want to chase this name. you start to get rich on this valuation. so hopefully any opportunity to pull back, but going into the holidays, i lie williams sonoma i go there all the time. free food. >> you're the guy who hangs around eating the samples. >> can you give me a trade? anyway, forget it. final trade. tim? >> we talk talked -- i would be buying bank of america. not necessarily on the news of the probes and commodities, but you do have a good valuation, earnings leverage and the -- >> retail all the time. later in the week, footlocker, the athletic world is kicking it. >> beakers? >> credit leads equity. if you want to protect some of the your profits, sell some hyg,

either buy puts or sell it shorm. >> food world. you know, pete said to me, deckers? >> are you serious? so peter lynch. i'm melissa lee. see you back here tomorrow. "mad money" starts right nour. \s. 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. 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 to make you money. my job is to educate you, so call me, or of course tweet my ad jimcramer. on a day-to-day basis, with a hughes of worries constantly ba