>> i think it was poignant about what he said about being a repo man. you realize that these are real humans and real consequences. >> right. >> and we ought to not let that housing bubble happen again. >> well, we appreciate you all being with us this afternoon. we'll leave it there. that does it for us on "closing bell." have a great weekend, everybody. it's time now for "fast money." live from the nasdaq market sight overlooking new york city's times square, this is "fast money." i'm melissa lee. our traders tonight are tim seymour, steve grasso, guy adami. just over 24 hours until the fight of the century and we are going live to the heart of the action in vegas, the official weigh-in, about to happen in a matter of moments. the president and coo of mgm resorts joins us live from inside the venue. plus, tesla energy launching with i charge, but will the real electricity come from earnings next week or is the stock about to burn out? first, we start out with the majorit market, because it was a case of the good, the bad and the ugly for the stocks this week, the

s&p closing out in negative territory and rising rates and higher oil gripped street, the ten-year yield above 2%, oil hovering below $60 a barrel. let's kick it off with the good. tim? >> the good, the bad and the ugly movie, clint eastwood, one of the best, great soundtrack. copper this week. if you look at what -- can we stop with the music? i mean, it's tough for me to concentrate. copper to me, if you look at all the base commodities, especially of the industrial metals, this is the place where i think you have the best balance between supply and demand and fundamentals. freeport ma continues to work when oil's been a pain trade. that's also been very good. let's look at the dollar, which i think was oversold. shorted, overbought, i should say. the euro is overbought, the dollar is oversold. i think you'll see the dollar rally. i shorted the euro this week. let's see how it does. the mining space is starting to find a bottom and freeport looking very good. >> and you're in that space. >> actually, not as of this

afternoon. i sold out of my commodity position and out of oil, because i think we get a stronger dollar and i want to see what happens, but the base commodities rallying could be a good, especially when you look at better economic news we saw out of europe this week. it didn't really do great things for the bund market there or actually even for the dax, but you're seeing a little bit of improvement. so, that is being translated into the commodities space. i took some off the table just to bank some profits. >> all right, i'm going to take the other side of these two fine, young gentlemen here. i think the technical damage that's done to the dixie i think is a little too much. i don't think it's going to recover. you might have a couple of one day on, one day off trades here, but i think dixie going lower, i think europo's probably going higher, europe is probably going higher as the stock market, european 600. i think the good has been the financials. >> okay. >> you want me to tie that in? i think the euro currency i think is probably moving higher, but i do not think european 600 can move higher with it. so, i think the gains for the

european 600 are probably near-term over. >> all right. the good. we start out with the good. >> lee man khalif was good. >> interesting. a sleeper. >> he was the bad. >> we're not up to that yet. >> sorry. ♪ >> there's the music. individual stocks, jetblue got an upgrade yesterday, stock up 5% today, catching up to the recess of the space. in terms of what was good with the broader market, the fact that the russell, iwm traded down and went negative, rallied late in the day. we talk about $121 being a critical level. seemingly, it's held that, so i think that all goes well for the broader market. >> now it's time for the bad in the markets in the week. higher rates, higher oil rocking the market this week. b.k. in terms of the bad, you look at something hurt by rising rates traditionally. >> right, exactly. you look at an xlu really looks terrible. >> utilities, yeah. >> utilities in this market really looks terrible with these rising rates. i mentioned that better economic news and the german yields really spiking. that actually did hurt the dax this week, and also, clearly

hurt tlt. but in this particular case, if you're in xlu, you need to be very careful, because it looks like it's about to have a major breakdown. >> tim? >> my bad would probably be go to europe, go look at the ten-year spreads and look at spain, look at italy. two weeks ago we had a scare on greece and i said that was noisy. i think it continues to be noisy, but that was the first spike. we saw them go from $120 up to $150. today we spiked up to $165, $170, came back down, but you have to watch this. that was bad, bad because i think those are a sign of risk aversion. it doesn't mean at $170, spain's got problems. in fact, it only takes you back to the start of the year. i think things are under control there. i think greece will work itself out. there will not be a deal this weekend, but that was bad. >> agrgee. >> bad. this week's performance was not good. yesterday you had a nice reversal. bonds tlt posted positive on the day, but today's price action was not good. now you have yields north of 2.1%. i'm still a bond bull, i think rates go down, but next week

becomes a critical week in terms of where the bond's going go over the next couple months. >> all right. so, we have the good and the bad and we'll get to the ugly -- >> i didn't get to my bad. bad is gold, but good has been the miners in the gold section. gdx has been good. first of all, going back to the good, bank of america, rates are rising. bank of america's been out-performing, it's been a laggard. so, the bad has been gold, but in get out of the bad has been gdx, if you're going to play it. >> wow, that's a real inside a conundrum. >> it works. >> we need like a diagram. >> we've got the ugly coming up, but in term of the balance market action as a whole for the week, we had a rough day yesterday, seemed to bounce today, but on lighter volume. overall, how do you feel? >> we are unchanged. look, the fed largely kept us where we were, at a place where we ended a month. i think we had a lot of volatility. people are concerned about rates, but the panics that we see short term make sense because there's been very little volatility. don't do anything. >> gee? >> no, i think the price action was constructive this week. i'll go back and say the russell

did exactly what it needed to do. you still need the transports to bounce. you haven't seen it have a meaningful bounce in a while, but the fact that the russell held in gives you hope, if you're bullish. >> let's get to the ugly, the plain ugly. the social media wreck, twitter, yelp, linkedin crashing. any values here? what seems striking in terms of the analyst notes, particularly on linkedin, these are transitory issues for linkedin. >> i think there's good and ugly for linkedin. very, very ugly. and if you had the moves we had in twitter and linked a in at any time, you're going to make this call. but the reset that you had -- and if you listen to analyst comments today, a lot of people felt it's not 25% less bad. mark mahany said that. others are saying this is an opportunity to look at a player who has such a dominant position in their industry. i agree. it's the closest thing we have to a monopoly in social and i would stay there. >> twitter's definitely been the ugly, as you mentioned before. i'm still long the name and i gave people out there watching a

$40 stop, because my risk tolerance is going to be a lot different than people watching this, so i'd rather have you not be a part of this debauchery that's going on in the name right now. year to date, up 5%. i have a feeling you're going to see it hover around that before it gets better. >> beakers? >> well, i mean, certainly twitter, and i thought it would bounce off of that 20% -- >> we all did. >> yeah. i said to buy it at $44 or so. i think at this point, you have to get out of it. i think they've got a real execution problem there. if i had to highlight something, it would be linkedin. this is the one social company that actually is very focused on what they do and they have a plan. they had a little bit of a misstep here, but if i had to buy any of them, it would be linkedin at these levels. >> linkedin, it was trading $188, $190 in the post market. we talked about it would trade at $205 today. that would be a critical level. closes exactly there. traded about 17 times normal volume. look at the jpmorgan note today, reiterating their $300 price

target. i'm not saying it's going to $300 next week, but i think against the levels, the lows of today, given the amount of volume we traded, i think linkedin risk-reward looks good. ♪ >> very nice. i thought that was a sound effect, wow! still ahead, the fight of the century taking place tomorrow and the stage is set, where in just a matter of minutes, the official weigh-in will go down between champion fighters floyd mayweather and manny pacquiao. jane wells is live from the heart of all the action. of course, she is. she's seconds away from sitting down with the president and coo of mgm resorts. jane? why do we do it? why do we spend every waking moment, thinking about people? why are we so committed to keeping you connected? why combine performance with a conscience? why innovate for a future without accidents? why do any of it? why do all of it? because if it matters to you, it's everything to us. the xc60 crossover. from volvo.

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welcome back to "fast money." i'm courtney reagan. we have first-quarter earnings for berkshire hathaway. they did beast estimates with a 21% increase in first-quarter operating earnings as a result of its higher core insurance and railroad divisions, two of the strongest divisions for the quarter. remember, the annual meeting is this weekend. warren buffett will be addressing shareholders and will join us on "squawk box" with cnbc's becky quick on monday morning. melissa, back to you. >> all right. thank you, courtney reagan. the mgm grand will host tomorrow night's fight of the century. cnbc's jane wells has her gloves aside for this one instant to sit down with the man at the helm of all the action, live

from las vegas with mgm's president and coo, scott sibella. jane, take it away. >> reporter: all right, guys. with me is scott sibella, the coo and president of the mgm grand. scott, this is crazy. have you ever seen anything like this? it's not even fight night yet. >> i know, it's weigh-in. i can't believe it. it's been crazy this whole weekend. i've never seen anything like this. >> reporter: give me some numbers, how does this compare to fast fights? >> mayweather's fought the last four years when it comes to cinco de mayo, so a weekend with him here, you'll see about $200 million in nongaming revenue. this could exceed $200 50 to $300 million in nongaming revenue. >> reporter: i saw hotel prices shot up to $1,500, $1,600. they're now down to $400. what happened? >> when the fight was announced, the rates shot up, but we knew people would have trouble -- >> reporter: maybe the tickets were issued too late, people couldn't make plans? >> that was frustrate 'but the rooms online are the smaller wings in the back, so they don't affect the tower where the rates

is still $1,600. >> reporter: oh, my goodness. are you sold out? >> pretty close. >> if somebody wants to see fight, they have to be at an mgm property at a closed-circuit party. have you sold out there? how many seats? >> the advantage of hosting the fight is it gives us exclusive to show the closed circuit fights at all of our 13 casinos. we have over 50,000 seats. so, we canceled shows. we're trying to find every space possible to put the visitors who come to las vegas to watch the fight. >> reporter: how much are those tickets going for? >> they're $150. >> reporter: i hear they're reselling for more than that, too. >> i hear that, too. everything's reselling for more. it's crazy. never seen anything like it. >> reporter: security's a huge issue. things happen after fights in las vegas and the country's sort off edge, as we've talked about. i hear homeland security is here, have their eyes here. how much more are you spending on security for this fight. >> i don't know the dollar fight, but that's been our number one priority. we're working with local authorities. we have a good plan in place to make sure everyone's safe. like you said, traffic control,

all the bodies here. there will be a lot of visibility of metro police here, security here. but a lot of overtime, a lot of dollars spent to make sure everybody has a safe weekend. >> reporter: is one reason you charge for the first time for the weigh-in to control the access? >> absolutely. and there's a small fee. it was $10. it all goes to charity, but it was to control the number of people that would -- there's more than 12,000 people here on the property and only about 12,000 people here. so, it helped, but there's still ate layoff people on the property. >> reporter: the lion's share of the revenues, and they're talking potentially $500 million, to the fighters, showtime, hbo. what sliver of that does mgm get? >> we host the fight, so we get a small rent fee for the arena. >> reporter: okay. >> but we make our money out of the customers coming in, having everybody on property, the food and beverage and those type of things. >> reporter: are you going to enjoy tomorrow night? can you watch the show? >> i don't know. i'm going to enjoy sunday. but i'll be around here tomorrow. i just want to get through tomorrow night have a fun, safe night and a great experience for everybody. >> reporter: scott sibella, thank you very much.

guys, the weigh-in is happening shortly, and tomorrow night, the fight. back to you. >> all right. thank you so much, jane wells in vegas with the president and coo of mgm. let's talk about this, because even in analyst notes, credit suisse, for instance, saying this fight could boost second-quarter earnings. >> it's going -- it's a help, it's a one-off. but you look at wynn, the numbers out of wynn were disastrous, the stock traded down to $108, but it traded about 15 times normal volume. still expensive at 20 times forward earnings, but against $108, if you're looking for a trade in wynn, that might get you done. >> everything you hate about wynn, all of the exposure in macau, this is the perfect way to bet it. this is zero percent up on the year. that looks great compared to 24% down from wynn, 9% down for las vegas. you want to play vegas, you play with mgm. >> i agree. in fact, they're showing good operational trends have a decent balance sheet. the risk-reward for mgm is very much in your favor. wynn is a trading stock right

now. mgm i believe is an investment and a lower volatility play. >> i would take the other side of mgm. because if you look at this, obviously, this is a telegraphed event and the stocks generally run up into these type of events and it really hasn't done anything. it's up zero percent on the year. so, there's something else going on. i would stay away completely from the casino space right now. >> really? even wynn on a flier? >> maybe wynn on the flier, and that's because they actually cut their dividend, they're being pru prudent with the way they're running the number. >> and the comps are so wad in macau right now. time for pops and drops. pop forum brands, up 7%. >> a dose of very good turnaround in china and a place where relative to some fears in the fast-food space, this company's looked very good. you've gone 25% on this stock in a short amount of time. i would be taking some profits here. it's not a stock i would short with the activism behind it but i don't think there's that much to play here. i think the activism will be somewhat muted. >> drop for chevron, down 2%.

grasso? >> ceo is sticking with his production raise for the next three years. it's up 20% in production. that's not what this environment wants to hear in the energy space. i don't like the name. it's down 2% year to date. i wouldn't be a buyer. >> drop for dreamworks, down 4%. gee? >> a stock basically going from $17 to $28 this year, traded down to $24 today. big short interest, but i still think it gets down to $22 and you buy it at 22 bucks. >> got a pop for live nation, up 8%. beakers? >> upgraded today. it started to push up against all-time highs here, $27.40's your all-time high. the way you have to trade this is wait for the breakout. give it a couple days. if it breaks above $27.40, you can buy it with the momentum. >> and a pop for looking your age. >> what? >> a new website called howold.net claims to be able to guess an age by analyzing your photo. this was announced at the build conference this week, going viral with users flooding twitter with their results. we decided to test the results

out. keep in mind, it's not always accurate. the program said al roker was 84. obviously, he's not. guy is the baby of the group, 44 years old. >> wow! >> in dog years or regular? >> grasso, the site said you're 45 years old. >> okay. >> tim, according to the site, you are 46 years old. >> shocking. >> uh-oh. >> and grandpa b.k. comes in at 64. >> come on! come on, that's -- >> no way. [ laughter ] >> no way. >> that is bad! >> baby face. >> can you hear us right now, b.k. pops? >> what? >> is this one of them talking picture shows? >> all right. >> fantastic. check out elon musk -- that's good. >> i'm not happy about 46, by the way. >> just glad they didn't do it on me. elon musk taking the stage at tesla's event. coming up, shocking the world last night. ♪

with everything from techno to batteries, but could the real shock for the stock come from tesla earnings next wednesday? and tesla's not the only big name reporting next week. we have a slew of heavy hitters hitting the tape from disney to ali baba. that's when we come back. next week, "fast money" turns up the heat. live in miami, from the emerge americas conference. new technology, growing markets and how you can profit from a doll. it starts monday on "fast money," 5:00 p.m. eastern. building aircraft, n. the likes of which the world has never seen. this is what we do. ♪ that's the value of performance.

northrop grumman.

you can actually go, if you want, completely off grid. you can take your solar panels, charge the battery packs, and that's all you use. so, it gives you safety, security, and it gives you a complete and affordable solution. and the cost of this is $3,500. [ cheers and applause ] >> that was elon musk at tesla's event last night, unveiling a line of battery products for home and commercial use. but next week might have even more surprises from tesla with its earnings report on wednesday. time now to take your position on tesla. and grasso, it should be an

interesting setup, considering we saw a sell-off going into this event. >> yeah, i mean, if you just look at the chart it looks a little weak. it looks a little soft going into the last couple of days. it's definitely been making a series of lower highs. and to me, he is an ultimate marketer of his stock. it just seems a little bit odd that he comes out with this announcement right before earnings. seems like he wants to take people's eye off the ball. i don't think earnings are going to be great, just a guess on my part. >> oh, do you think this is sort of a bait and switch sort of thing? >> i think it's a bait and switch where they're going to say, all right, earnings aren't great, but we're valuing him now on the home battery. >> or the commercial, yeah. >> the stationary storage, though, see, this is the stuff for me, for someone who's been very negative on tesla's valuation, not on the company, let's be clear. elon musk is a phenomenal innovator, but to talk about the things that we can't put into the valuation is exactly what we talked about last night with credit suisse analysts. so, i think there is significant upside. people say aboby 2020, you coul

see 20% of eps coming from storage. i'm not getting long the stock. i'm telling you, this is a stock with a lot of intangible value and that's why it's priced the way it is. >> i think it's odd to think that in five years, you're investing in an energy company, as opposed to an auto company, so you're investing in him. >> that's the point, it's not an auto company. >> that's what we talked about. at these valuations, the only reason you own tesla is you think they're going to revolutionize the electric grid and this is the first step towards it. you could ultimately end one a distributed electric grid out there and really have a problem with the utilities. so, to me, that's why you own the stock. you can't look at valuation. and yes, you do have to believe that elon musk has something in his head that nobody else sees. all right, next up in our earnings playboy, a chinese e-commerce giant ali baabie. >> it's been off since november and has been flatlining between $81 and $83 since march. how do i look at it, the report on thursday? i would much rather let them

report and buy a breakout above $85 than roll the dice and hope they say something good. 80's obviously been huge support. if you want to shoot against that, that's fine, but from where i sit, you have to let them prove themselves. buy the break if it goes north of $85. >> quick, whole knoodz after the bell on wednesday. >> i like how this sets up into earnings. we've had a big sell-off the last couple months and here we are into earnings. they've disappointed a couple times, but i think risk-rewardwise going into earnings, this is not a bad place to buy it. >> and guy, did you pack? did you pack? >> i've got my sunscreen, ready to roll. >> this monday, "fast money" is going to miami. we will be live at the emerge americas conference, covering breakthrough technologies, opportunities in emerging markets, and of course, how you can make money on all of that. that is on monday, 5:00 p.m. eastern time. it's going to be kind of fun going to miami. >> going to be very cool. >> can we go to the pool? >> are you working something in an espadrille your feet? are you walking around with pastels, maybe, linens? >> are you bringing that yellow

speedo that you brought to vegas? >> yeah, i'm going shave my back, too. just kidding. >> always one step too far! >> i don't even need to, people, just to be clear. just to be clear. >> we'll take your word for it. time for "the final trade." let's go around the horn. tim seymour? >> with the miners, getting positive guidance from the iron ore space. they're going to start overproducing. starting to nibble, cleveland-cliffs. >> grasso? >> if rates are rising with or without the feds, it will good-bye for the banks and financials. bank of america is up 4% over the last five days. bank of america. >> i'm still sick from tim's comment. i want to buy pepto-bismol. but in this particular case, let's sell xlu. get out of that. rising rates going to be bad for this. >> that was gross. >> disgusting. >> listen, we have a big hockey game tomorrow. i want you all to focus, 12:30 tomorrow afternoon. new york rangers are going to tie this thing up, right? i know you're going to be locked into this. metlife reports, i believe on wednesday. $52 is a breakout. b.k. turned me on to this, so if

i'm wrong, it's my fault, if i'm right, it's b.k.'s trade. >> that's a win-win for you. next up on "options action," mcdonald's gets ready to trim some fat. should you bet on the stock? we're going to deal with that next. stay tuned.

. big day? ah, the usual. moved some new cars. hauled a bunch of steel. kept the supermarket shelves stocked. made sure everyone got their latest gadgets. what's up for the next shift? ah, nothing much. just keeping the lights on. (laugh) nice. doing the big things that move an economy. see you tomorrow, mac. see you tomorrow, sam. just another day at norfolk southern.

we saw some pretty crazy moves, and no, mike, i'm not talking about your wild nights out. i'm talking about the stock market. we're live from the nasdaq. our guys are getting ready. while they're doing that, here's what's coming up. may the force be with you. >> it sure is, with disney. and you won't believe just how high traders see it going on earnings. plus, how fast can mcdonald's turn it around? ♪ big mac, a blt, fillet a fish, regular and larger sizes, or a chicken salad ♪ >> well, maybe not that fast, but management will detail its plans on monday and we'll tell you how to profit tonight. and could twitter's trouble signal bigger problems for tech? >> it's not. >> we'll tell you who could be next to fall. the action starts right now. ♪ live from the nasdaq market