five years. >> the money you'll spend on burgers and donuts put them in banks. >> thanks guys. hah does it for us here on a crazy closing bell show. our thanks to kayla for doing great work on these results. fast money starts right now with melissa lee and the gang. >> breaking news on the bank stress test. the fed rejecting the capital plans. bank of america will also need to resubmit it's plans. welcome i'm melissa lee. >> two companies releasing their first quarter earnings report since going public. both stocks falling in the after hour session. we'll bring you the latest on both companies but first the latest on the stress test result with kayla back at headquaters. >> hey, melissa, very interesting results coming out of this stress test this afternoon. four of the six biggest bairnksn this country were forced to go

back to the drawing board and resubmit their capital plans because the fed found qualitative issues with the plans as they announced with bank of america or in the case of morgan stanley, jp morgan and goldman sachs. they proposed to give back too much capital to shareholders and if it were in place they would not have met the fed requirement. those banks did end up clearing the bar when they took down the expectations for their capital. bank of america will have to resubmit the plan by the end of the third quarter. still announcing a $4 billion buy back which is brand new for shareholders. one of the others is that the fed found no issue with the proposal brought by city group which last year the fed objected to on a qualitative basis. you can draw the conclusion that the federal reserve thought that city group made good progress on the way it planned for capital. moments ago we saw that city group is initiating a dividend of 5 cents per share. up from a penny per share last

year and it's also initiating a stock buy back of $7.8 billion. >> now last year city group asked for a 5 cent dividend and also asked for a $6.4 billion buy back and had to take that back down to $1.2 billion when the fed rejected it's plan. so certainly this is huge news for city group. $7.8 billion is a far more sizable buy back than many expectations on the streets so you will see that reflected in shares up by about 2% right now. melissa, we'll send it back to you. >> thank you so much. we'll bring you all the update with the other banks plans as we get them in. in the mean tile, we're seeing volatility in the after hours session which is unusual. for instance bank of america traded down as much as 2% initially and then we found out they approved a $4 billion buy back plus maintaining it's dividend and we saw the stock bounce back. what's your initial take on

these results? >> a little disapointing however the stock is down modestly which goes to show you there wasn't a lot priced in for something really great to happen. so we'll see -- i mean, two quarters from now we'll see if they do resubmit something else. you know it's nice for them to finally be able to buy back stock. i'm a little disappointed. i am long bank of america and have been for a long time and i was hoping that we would get to a place faster where we see clean earnings and where we see the ability for them to buy back stock. happy they got something done. had they not been able to do anything that wouldn't be good. >> they have to resubmit by the end of the third quarter. >> you go to the cleaner banks. wells fargo continues to do everything right seemingly and u.s. bank corp. that's going to authorize another $3.5 billion stock buy back i believe. again with these two names, slow and steady wins the race. they continue to look.

you chart them over the last four years and this has been a nice move to the upside that will continue to be unabaded for the foreseeable future. >> breaking news on jp morgan's plans. >> jp morgan announcing it plans to raise it's dividend to 44 cents a share and plans to repurchase $6.4 billion in stock. now that could be a disappointment to shareholders because last year they got an authorization for $6.5 billion in buy backs. so this would appear that j.p. morgan is taking it's expectations for repurchases down slightly. in december the federal reserve when it introduced new capital rules found that jp morgan had some insufficient capital levels and there was a thought at that time from the analyst community that jp morgan could have lower capital returns because of the need to retain more earnings for

capital. >> it surprised me here. the dividend is nice but it's not really what it's about. >> really arguably the cheapest bank with the most gain here. >> let's get more on the stress test results. jeff, great to have you with us. i want to start off on the two sort of negatives that have come out so far. that is jp morgan. we're seeing it move slightly

lower in the after hours session. this notion of the buy back isn't as big as some had expected. how big of a disappointment if it is one to you. >> well, yeah, jp morgan has a lower buy back is disappointing. i don't think it's the end of the world but i was coming in thinking their capital levels are building so quickly we could get upside as opposed to a downside. so the market is probably hoping for more as opposed to less. so it's a negative but they're still buying back $6.4 billion. it's not that big a deal but a negative. >> yeah, the 4% interest in dividend is nice. so that makes up a lot of the difference between last year and this year but city bank buying back 5% that's a fair amount of stock for city bank. >> and that to me is the clear winner today. it's been my top pick for the year. there's a lot more to come but not only did they pass which was important but the buy backs higher than most expected. they actually have upside to their buy back and i was

expecting management to be concerned with the request. i'm pleasantly surprised that he not only passed but had some upside and actually morgan stanley buying back $3 billion. that's a big number for them too. they stand out to me as having the strongest results. >> we have seen the most volatility in the after hours in that stock. it has to resubmit it's plan by the third quarter. the way it's trading in the after hours session tells me that everybody believes by the end of the third quarter this is going to be no issue and everything will be behind them. >> i think that is the case. when you get a conditional approval both goldman and jp morgan had them in the past. if the fed is going to let you start buying back stock they're sure you'll get there. i do think it will be a nonissue. so the amount of buy back, the $4 billion is less than a lot of the street was hoping for but the fear was that they wouldn't pass on a qualitative basis. to me passing conditionally is actually a big win there because last year they had to turn off the buy back because they were

calculating their capital wrong. they still haven't come out for the adjusted approach. so i think just getting approval and a descent number is actually a lot better than it could have been. the street is probably expecting too much so the stock is going to be down on this. realistically it's a good outcome. >> drop this into a frame work of drivers for these guys. the regulatory frame work is are we out of the woods here and there's still settlement to be done and where are you taking the biggest drivers in this sector because there seem to be many right now and people are confused how to prioritize them. >> unfortunately on both the regulatory and the litigation front it's tough to say what's next. we have been surprised by how intense the pressures have been for a number of years now but i think it's progress and not perfection. we're clearly not out of the woods and getting more and more issues behind. the thing i liked about this stress test was when i looked at a bank it's common equity that i

looked at as far as howell capitalized they are. it was the total capital so it looked like more preferred stocks. even with the adjusted request they're better than people were thinking. capital's building, especially if markets stay strong. you can have revenue tail winds that people aren't expecting. we're going to keep seeing more and more efficiencies out of these big banks. it matters more than ever and the cities and jp morgans and goldmans of the world have that scale. >> great to have you with us. thank you for your time. guy adami, we have been focused on the bigger banks burt they're smaller regional banks. >> the small regional banks. >> they passed. they were seen as a loser last week. >> that stock topped out at 33. it's not really moving. he's probably right in term of citi but you go back to goldman sachs.

great interview with gary. he's pleased with the liquidity position and if you think about this quarter specifically we have seen unprecedented volatility in currencies, commodities and the bond markets have a big move. you wonder approximate the currency commodities group is going to smoke this quarter. they report april 16th. the stock had a big sell from 198 to 175. this could rally into their earnings. >> you earn a number of financials we talked about tonight. does this make you rethink the relative weighting of these positions within your portfolio. >> yeah, probably bank of america and then jp morgan. i would probably switch the first two. city is better at this point than bank of america. particularly it's priced to both below one. that is the most attractive. >> i'll likely do it tomorrow. >> we have news here on apple. josh has the details. >> well, melissa, apple appears

to be back up and running as we told you throughout the day. we had this issue with a number of apple services. i chose the app store, the mac app store had been down. apple telling cnbc in a statement that had been due to this internal error. you can think of it as a giant address book. your app can't find the apple store. this outcampers did last awhile. almost 12 hours. critic critical to get itunes back up and running but apple saying systems are back up and running. back to you. >> have they said or dismissed the idea this could be a cyberattack. >> the statement we have from them does not mention any kind of attack. it doesn't mention any kind of major server outages and they

simply blame it on this dns error. >> thank you very much. >> shake shack falling after a larger than expected loss. karen said the stock looks intriguing. is it a buying opportunity? that's next. while many traders are focussing on the strong dollar there's another currency that could charge market mayhem and the bird blue in arkansas sending poll tristoc poultry stocks across the board. we'll tell you how to play the fall out coming up.

break news here on lumberly inquiry d -- liquidators. >> yeah, i got off the phone with the founder and chairman scott sullivan. he found out that robert chapman was on the halftime show earlier today. sullivan told me the following, glad to see that robert chapman had the confidence in lumber ly inquiry d -- liquidators.

they're going to give their update on the business and their reaction to that 60 minutes story that aired a couple of weeks ago and really sent this stock into a spiral. it's down more than 30% since the story aired. whitney who we all know is short that stock, he was in the 60 minutes piece, then came on cnbc saying that the stock was going to go to zero: sullivan said he hopes it gives the company a chance to show our side of the story. we are compliant with california law. hundreds of tests by third parties show we're compliant. we test as well and we feel we're compliant under the law. you should know that mr. sullivan will be live first on cnbc during the halftime show following tomorrow's conference call. today on the chapman news and in an interview the stock was up 14% but since a couple of sundays ago the stock has been in a swoon.

the company has been under fire and we have this new battle between chapman and tilson over where they believe the stock is going to go and glad to speak with mr. sullivan just a short time ago and looking forward to our interview tomorrow. >> how big is the portfolio? >> i don't know. it's not disclosed. it's about 15%, as you said, which he told us of his portfolio and clearly he has a lot of conviction behind that position. >> and it's a short he never thinks he's going to have to cover. >> lumber liquidator moving higher in after hours session.

a conference call tomorrow and update on the business. but got a lot of analysts conducting their own third party tests. the jury seems like it's going to be out. >> been on the show a number of times but you would think, you would think that people learned their lesson after herbal life and when you're outspoken about how things are going to zero and what larger short position is it puts a giant bulls eye on your back. i have no idea where they go but what i do know is its close to 50% short interest and if somebody wants to take the other side of this and make it painful a little bit of good news on the margins can make it extraordinarily painful. >> i think the buy it on the heels of chapman buying it would be a huge mistake. we don't know how much he owns. he may have been in it yesterday. >> he may be out now. >> he has no duty. so that's really playing in the deep end of the pool. that's dangerous. >> yeah. >> listen i agree.

we don't know what's going on. let's say there's nothing that went on. i still think there's a hang over of people going to the store and saying do i really want lumber liquidators or something else? >> kate rogers has the latest. >> hey, before the fourth quarter shake shack reporting a net loss of 5 cents a share beating on revenues reporting 35 million for the fourth quarter. the company plans to open 10 domestic shacks a year going forward and sees potential for at least 450 domestic shacks in the long-term. now restaurant sales rose 7.2% from a year ago and the company sees revenues of 159 million to 163 millions. an estimate of 161 million. their conference call currently underway and we'll bring you important updates as they come. since the ipo is up over 125%. the stock was in the red for the earlier part of the day.

closed up near 2.5%. after hours it's down around 6%. back to you. >> kate, thank you so much. is this a case where people were expecting too much out of this? >> for sure. there's a lot of people that don't really know the stock and don't play in the sector. the growth is phenomenal. basically 7% of their total u.s. capacity. but it trades at 105 times but you know where i stand in terms of value in the sector. i would prefer to be chasing value. that is mcdonald's. these are places where i think these are models overly punished and the catalysts are easy. >> is this your entry point? >> i'm intrigued because i love the concept and i do believe there's significant growth there. to me the earnings isn't really the issue. when you have a stock that trades at this multiple you need a revenue beat and, in fact, revenue is actually -- it was fine but you need to sustain this kind of valuation. i'm going to wait. >> to mention mcdonald's let's

talk about it real quick. a huge story in 2012 but then the stock early 2012 tops out around 103. significant pull back. 2013 big run up same levels. pull back. did the same thing in 14 and seemingly it's done the same thing at the start of this year. just printed 100 a couple of weeks ago. now here we are back at 94. it can't get out of its own way. i think they report on april 22nd. their comps better be good or this goes sub 90 again. at 95 it's cheap but the stock tells you it's in no man's land right here. >> let's talk currencies. the euro sliding further today. some traders betting parody would mean a 1-1 value against the dollar. something we haven't seen since december of 2002. >> everything is different but sadly the same. we talk about gaining central banks. so you go and you try to think

about what the central bank is doing. so we got a long-term chart of the euro here and this is back of 2000 when it came out. back in 2000 we have the massive run up all the way up to 160 and then we here are today. we had this big drop over the last couple of months and that's all because of the anticipation of what the ecb was going to be doing. let's take a look at what central banks were doing back then. this was the feds funds rate. it tells you whether or not the federal reserve was raising or decreases rates. so back in 2000 you can see what happens. the federal reserve was absolutely just cutting rates, cutting rates, cutting rates. that caused a spike in the euro. now the exact opposite has occurred where you have 0 interest rates threatening to bring rates up and when we go back you can start to see there's a long way to go. i think we go back to parody without a doubt but all the other central banks are going to

cause a crisis of confidence and start with a currency crisis. >> hi brian. it's tim. >> we aren't in the same studio. so when i look at this trade i think about european equities though and it comes very obvious to me that we have seen 15 big figures lower in the euro this year. a 12% move. it's now priced into not only the underlying currency but the european equity market. what's your call here? i'm not seeing rate divergence. i'm seeing the ecb dry up the european bond market and it's throwing a lot of money into european equities. >> it's interesting you bring up the equity part of it. qe is different than in the u.s. it's not going to have the same effect economically. that doesn't stop people from buying stocks and as you look at the extremes, look at venezuela and the argentina stock markets. those soared about 10,000% when the currencies collapsed.

so you can still have stocks go up an awful lot on no economic news and just quantitative easing. so i think a better way to play it is to be short the currency but you could certainly be long, i think dxge is the etf that hedges out the currency. >> just quickly guy, it seems like parity is now consensus and does that make you nervous? because oil to 30 was consensus also. >> that's still my path. >> still might be on the stable. consensus does make me nervous but can it overshoot that parity or .98? absolutely. but with each passing day this thing becomes more and more levered or what's the word, spring action. >> spring loaded. >> to take people out to the wood shed and if the word patience isn't used things could turn really quickly. >> b.k., you also have an und under the radar currency play? >> we're all talking about the euro. i agree once everybody starts

talking about something b.k. wants to take some off. i'm still short the euro enough to keep it there but there's another currency that i think have the bigger problems and i'm not the only one that thinks this. let's take a look at this. this is a great chart about the percentage of assets at the center of ecb. look at this giant hockey stick here. that is the bank of japan. and they are buying just an absolute massive amount of bonds. almost 80% of gdp. they're either going to create the inflation that they want or they are going to create a crisis of confidence in the central bank if they don't get the inflation. either way it's not very good and i still think the way to play this is you have to stay short that yen. >> how are we defining crisis

though? it's gotten to a place where it is prove me time but i think what i see in japan are record corporate profits, tight labor market. starting to see wage growth. i like the japanese stock market here. i think it's alive and well. >> i don't mean that you're necessarily going to have a stock market crisis but if it goes along the same lines where you mention there's some wage growth or good export growth that means the economy is getting stronger. if the economy is getting stronger and you have 80% of the gdp being printed you're going to get inflationary wage spiral and they get out of control before anybody can really do anything about them and with the amount of debt that japan has, remember they have 200% debt to gdp and if their rates go up just a little bit they can't afford it. it's a very tough position and again i still think you stay short the yen. >> coming up next is it time to fly the coop?

>> did you like that? >> no, thankfully. >> another bird flu case weighing heavily on the chicken trade. the details on where the potential outbreak was found and how to trade it ahead. >> i like to be fast. more than being fast i like to be right. >> the big excitement comes when i see something no one else has seen yet and i hit it. i hit it hard. >> fast money is america's post market show. >> fast money. weekdays 5:00 eastern on cnbc.

>> there is a suspect case in arkansas but testing is on going. >> this is obviously a reason to fly the coop but it's a case where if you look across the board they're all being treated the same way and you shouldn't

treat them all the same way. tyson is best in class. it doesn't mean this is something we should shrug off although you can eat chickens and turkeys infected with bird flu. you just need to cook them. >> unusually does. >> the stock broke to a key level at $38 today. you have to watch this one but they are best in class. >> they have the best eps expax. i like the stock. i don't need to buy it tomorrow. >> in the past things like avian flu, sars, those phenomenon tend to pass and the stocks respond pretty quickly to where they were. >> what are your thoughts? >> well i actually agree with tim. >> cooking the chicken. >> i would look at tyson and here's the reason, let's just

say you're going to have to find the other white meat and that's pork. tyson does have a bit of exposure to that. i would look to buy tyson at 32. >> interesting. >> real quick, i'm going to say it right now, the alternative to chicken for me is not pork. for me it's just not eating. >> what? >> how about a luna bar. >> let's move on, falling 25% in the after hours session. megahas the details. >> that's right. the company dropping a double bombshell today. the first one saying it's ceo is immediately retiring. it's going to be replaced on an interim basis by the cfo. now the second announcement may be even worse. the company saying there's going to be a delay to its fda filing of its drug for parkinson's disease psychosis. it planned to file in the first quarter. now it's going to be in the second half of 2015.

company having a conference call that started at 5:00 listening in. getting tough questions from analysts saying why should we believe your time line. you were confident in that old time line. so the new ceo saying mistakes have been made. we're trying to fix them. the stock had seen a run up because the company cancelled a couple of appearances sparking speculation that it was a take over target. now folks are telling me with the delay and the timing of the filing that may dampen some of that takeover speculation. >> what a decline. thank you very much. coming up next on fast, is a chip change in the works? a report that apple could be getting chip makers for the next phone. there's three other apple suppliers you should be buying right now. plus if google struggles to monetize youtube cou this man be the answer? we have a youtube star who racked up more than 1.3 billion views. he's coming up.

getting a big boost today on a report that apple will use

intel chips in the next generation of iphones. that sending qualcomm lower as it will replace the one made by qualcomm. joining us is the senior analyst at jmp securities. great to have you in person. this is the iphone 6 for 2017. this is for emerging markets. as far as we noknow according t this report. >> assuming the report is correct we're talking 2016 for the iphone 7. so we're talking six quarters, 7 quarters away and yes for emerging markets if it's to be believed. >> is it a big deal? >> probably not. let's not forget that they were the original provider to the iphone and what's at play is not are they back in but what's taking them so long? they're burning about a billion dollars a quarter trying to muscle it's way into the industry with very little success. could there be an opportunity in emerging markets for a tier 2

skew from apple? absolutely. we saw that from samsung last year. didn't move the needle caused them to earn more money. >> intel has been up 30% or so. when did you move to the sidelines? i'm trying to get a handle on whether you thought the games would be over or if you missed the run entirely. >> it was earlier in the quarter because j and p securities believed intel was struggling on two fronts. one is an opponent issue that had a defect that caused a wrinkle and also we have indications that they're waiting on the current generation of servers. they want to wait for new products to come out later in the year. the combination of the two factors put it for risk and in our view data centers is everything for the stock right now. >> forget the apple suppliers. which are the ones that you cover that you like? >> what we like and looking forward to the iphone 6s and 7.

and great plays like skyworks a leader in the rf space and if this should happen to actually turn into something we would expect sky works to be one of the big winners because they actually had more content in the original iphones so that's a great way to play this if it is true. and diversified play if it's not. the other one they had trouble recently at apple. they should be doing better with the iphone 6s and 7. and the other dark horse in all of this we think is a company called universal display doing the screens for the new apple watch which we view as a steppingstone to apple's corporation in upcoming iphones. >> thanks for giving us context. we appreciate it. guy. >> qualcomm is cheap but last two quarters are disappointing.

$15 billion repurchase plan on monday. it's lower now so you have to wonder if qualcomm trying to financially engineer their way out of a stock price that continues to deteriorate. i don't know what the case is but i don't think you buy it until you hear the next earnings release at the middle of april. >> box falling hard on earnings. josh has been on the call. >> melissa, right out of the gate saying that consensus eps estimate is wrong. that was the first words out of his mouth. the eps estimate should have been a loss of $1.99. the implication being if he was right then box actually beat. that having been said the stock is falling very hard in the after hours. q-4 revenue 63 million. that was up 61% but that is reflecting some growth over the prior quarters. billing 82 million up 33%. operating expenses a key me trick to focus on here. they popped to about 94 million.

still the company saying marketing expenses amounted to 88% of sales. that was down from q-3 but it looks like investors reacting to the widening loss and bump in investme investment. >> were analyst skeptical? it seems like share count would be easy to verify. >> you'd also think if there's an incorrect share count maybe you would name the analyst in question that had it wrong i'm still on the call. i'll get back on if i hear that. >> is he also saying it was one analyst that had an estimate to off it ruined the average? >> they used the word analyst. so perhaps more than one but that's all the color we have at this point. clearly he was fired up about this. he started a call right with it. noting that it was all wrong and that would change how we think

about it. still the stock is falling very hard in the after hours. >> thanks a lot. we should note that the ceo of box will be on the closing bell at 3:00 tomorrow. that should be an interesting interview. this smells bad. >> it does. here's the thing. there's a net income number, right? that's an absolute number. it doesn't matter what you divide it by. the analysts all come up with the net income number so they missed -- you know, so that's -- >> what's also there on the stock is as it expands everybody knows that the loss per share is going to come down. it's out there in the market and it's when some of the flow comes unwound but i agree. i think the revenue line first of all. look at the revenue line and margins. >> but if you're a company i would imagine prior to the earnings release coming up you would look at the consensus estimate and if you thought it was wrong for whatever real valid reason you would talk to

the analysts and convey what was wrong about it. >> bigger picture. >> bigger picture, fine. >> but all of these cloud companies appear out of nowhere. one has the wonder does this mean -- did they all get into the top of the market? is the space being commoditized. that's the picture one needs to examine. >> breaking news here, kate rogers got the details at headquaters. >> they're out with a response to the federal reserve objection to the capital plan. they object on a qualitative basis due to widespread and substantial weakness across capital planning processes and they rejected to the payment of dividends on stock and as you can see it's down in the after hours about 1%. back to you. >> thank you very much. >> i tell you what. this is an interesting bank. this is disappointing. i don't own it. it's one of the best plays out there. the european part of the story is very impressive.

i think this is an overreaction. >> move over miley cyrus. bart baker is giving you a run for the wrecking ball money. but as google struggles to monetize youtube could he be getting ready to pack his bags? next.

2.5 million subscribers and the video parody has been viewed more than 1.3 million times. let's bring in the youtube stars themselves. bart baker. pleasure to have you with us. >> thanks for having me guys. >> why is youtube the way to reach the masses in your view? >> well, because there's so many people watching on youtube and the whole younger generation now is watching online. they're not watching stuff and

everyone is looking to youtube and it's owning the the space for video. >> what else do you use? what is your social media of choice? >> i use vine. i am currently starting to build that up. instagram. snap chat and i use shops which i actually in a way prefer over instagram right now because it allows you to link from your description to itunes or a video or your website with just a click. so that's awesome if i'm trying to promote an itunes single. >> so this is your full time job, right? how do you make money off of this? >> this is my full time job. i still can't believe it but it is. i make money from the primary source that most make money

from. so all of the adds you see running when you're watching a youtube video or forced to watch an ad we make money off of that. there's a split with google but you have to get a lot of views for it to be lucrative. i work with itunes and brand deals but they're recognizing the potential to work with people in my position who are getting millions of views daily. so that's something that's going to get bigger and bigger probably in the next few months. >> we're watching some of your videos here. >> i can hear it. >> they're awesome. guy i know that you watch bart. >> huge fan. product placement could be a big deal but like you get robert palmer, remember the whole addicted to love thing. good-looking ladies in the black

dresses. we do a robert palmer video. you could play the leading role. the five of us will be your background dancers, singers it could be hot. are you up for that? >> that would definitely be hot. if you dress as a woman i'm down. >> done. >> all right. we got a date. we got a date. >> i'm down. let's do it. >> thank you. great to speak with you. >> okay. so @bartbaker is his twitter handle. >> you think about it like a billion and a half dollars, it seems crazy at the time. >> but it was dope. >> probably couldn't do it for ten times that. good for google. hasn't helped the stock all that much. >> what's wrong with google? >> well i think people are not able to understand just how much this has become part of the fabric of the media world, of the advertising world and i think this is absolutely the strength of the stock. to me this is value. this is a company when people talk about the next ten years this is a company that's going to be there because they're

controlling commerce 20 times with 20 times multiple. 20% growth. stay long. >> that was the first time that dope was used on fast money. >> no doubt. >> no doubt. all right. consumer staples having a rough time lately. worry afs the dollar weigh on stocks but some options traders replacing huge bets on one name gearing up for a break out. we have the trade after the break. orld, to actively uncover, discuss and debate investment opportunities. which leads to better decisions for our clients. it's a uniquely collaborative approach you won't find anywhere else. put our global active management expertise to work for you. mfs. there is no expertise without collaboration. can the right treatmentsease? for you is out there. the problem is some of it's in this lab. some of it is in her head. some of it's in this new journal. and the rest of it is in your personal medical history.

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got a little practice. practice wearing red lipstick and high heels. >> no, i'm surprised. >> shares of mondelez down in passing. but some say the stock is ready to rally in the coming months. mike has today's options actions. >> we thought more than two times the daily call volume in a name that doesn't see that much activity. four of the five were called and the most active of those were the june 35 calls. traders were paying $1.25 for those and those will be bullish bets that they'll be above 35

dollars. or 36.25 by june expiration. >> for more options action check out our live show. 5:30 p.m. eastern time on friday. coming up top of the hour tonight, cramer continues the 10th anniversary celebration with two big exclusives. the ceo of underarmor kevin plank plus the leader of the magic kingdom. bob iger. plus answering your oil questions. all that and much more top of the hour. again 10th anniversary edition of mad money. stay tuned.

>> we are keeping an eye on banks tomorrow. banks finding out how much they can pay to shareholders. we saw some actions trading about flat. jp morgan, the buy back was smaller than anticipated but the dividend increase was bigger. you are positive on city though. >> i am positive on city. it was impressive that morgan stanley, a couple of guys were trying to give more back. the model changed dramatically. morgan stanley is also very interesting here. >> i wish i -- morgan is

interesting and actually worth a look. it's a business model then and more traditional banking. they're trying to have much more fee and smoother revenue with higher multiple. >> buying more city. they really -- you know, the good thing about this is we can look past this. it takes up so much time for the cfo and the whole team. >> time for the final trade. >> final trade. >> operationally they are the biggest, they are the cheapest. stay here. >> so we did a segment on currency trades and it was the best one to stay short. that's our double short yen ipo. >> yeah, children's place announces earnings tomorrow morning but got a letter from an activist tonight and if they miss tomorrow and it trades down i think it's worth a buy.

it would be higher than a take over. >> we got a tip from the university of north florida. you can say hi there. tenet health care the hospitals doing very well. see if he continues to bounce in here. >> thank you so much for watching. meantime "mad money" with jim cramer starts right now. >> my mission is simple. to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now. >> hey, i'm cramer. welcome to mad money. welcome to cramerica. my job is not just to entertain but to teach you, coach, you educate you. call me at 1-800-743-cnbc. tweet me @jim