tell you which ones. you'll be surprised at what he is dying. >> this i have to hear. how is this the pope francis's visit going to effect you there at time square. >> no one in or out. we're staying here all week. we're camming out at the nasdaq. >> there is a show for you. >> a reality show. life from the nasdaq markets overlooking time square. i'm melissa lee. tim see more, steve grasso, karen finerman and guy adami. apple speeding up efforts to build a car and that has tesla motors slamming the brakes. what has them scared. and some believe the s&p is going to rally 13% by the end of the year. which stocks lead us there. but first price gouging. hillary clinton taking to twitter saying, quote, price gouging like this in the specialty drug market is outrageous. tomorrow i'll lay out a plan to

take it on. and that sent shares of the biotech plunging by more than 4%. the sector seeing the worse day of 2015. should we be worried? it doesn't matter if something is done, it is the scare, right? >> so your question is should we be worried and the answer is absolutely. because this is a first of the series -- the rhetoric will continue from here. and this comes on the heels of carl basso and you have the double-whammy into space. and i said at 4:00 i'll say it now. people take the shoot first and ask questions later when it comes to biotech. they say take profits into space. i get it. ibb, i think it needs to recapture 360, it is 340 right now. and the 10% correction from 400. that is where it stays until the next leg lower. i don't think you have to buy it until it gets back to 360 and i think the buying will continue. >> i was surprised that holders

flipped out when they saw this. the thing that is interesting to me, who else is effected here, who is the biggest purchaser of all of the drugs and it is the pbm. the express groups and the cvs of the world and the insurers who ensure the patients and none of those moved in any meaningful way. and express scripts was down and cvs up a little. and what a knee jerk reaction it is to have the biotech into a panic and none of the other ripple effects moved at all. >> right. this is going to be a hot button issue. it doesn't matter if hillary clinton wins or not. >> who will latch on to this. >> exactly. it is great to latch on to, from a popular standpoint. >> and people can get excited on the other side and say let's cut the red tape in washington and lower the cost of getting drugs to market and stop the people

off shore because it takes $5 billion to get to market when it should take them one. i'm not going to tell you there is not price gouging going on out there. but let's be clear, the environment that washington might be looking to attack might be a environment that washington has created themselves and made it difficult on the drug companies. meanwhile in the pharma space, a lot of the big name farm companies were taken out to the bath. the opportunities in merck, that had news about trials in the oral diabetes drug which may have effected the over all story on the stock but has been pushed down on news that i don't think is rell tant to the -- relevant to the long-term story. this is what you are buying on days like today. buying great drug companies with dividend yields that traded at discount to market. >> i think they made a point to beat up the individual investors and the momentum names. but if you look at what they've got back into it, it is the biotech stocks. so ibb would be that and i think

it is a buy. >> for more on the route and what started this fire storm. let's bring in meg tirrell. what a story today. >> it comes down to touring pharmaceutical, a private company run by a former hedge fund mang martin squely. they acquired this drug for a rare disease this year and they raised the price by 5,000%. that made drss get -- doctors get angry and say they couldn't access it for patients. they wrote a letter to the company. that was picked up over the weekend and started to explode. as for the man himself, he is no stranger to controversy. he was a former hedge fund manager and then is in a legal battle with a company claiming that he is using it to pay back his hedge fund investors. we did talk earlier today on power lunch with martin squirrely. take a listen to what he said

about raising the price of the drug. >> at the end of the day, there are have been much larger price increases by much bigger companies with lots of cash that don't need to do something like this. this is a new company and not a profitable company so for us to try to exist and make any profit i think is reasonable. >> arguing that biotech or pharma companies need to make profits as they develop the drugs' this will develop a better version of the drug they've acquired. no skin off his back yesterday on twitter any way. he is tweeting in response to critic to raising the price of the drug. quoting an eminem song, the way i am is the name, i wonder which finger he's referring to there. and this morning, hillary clinton not to be left out of the tweeting frenzy, tweeted earlier and sent the biotech index into a frenzry. folks worried about drug prices

pressures. melissa. >> and this highlights that any drug maker could face this head wind if any politician wants to latch on this as an issue and they could face prices with their pricing. and the new york times had a op ed for drugs saying why are we paying so much for these drugs? >> that is right. and it is important to differentiate among companies doing different thing. the drugs working on the drugs put years and risk into developing them and that takes time and employing scientists and doing work. when you have a company that acquires the company and raises the price to say they are putting out a better version of the drug, maybe that is a different question. >> meg tirrell, thank you. >> thanks. >> you had an interesting theory. i'll let you explain it. because this is a very -- it is -- it is almost grassy

knoll-esque. you're theory is? >> my theory is this -- to me, the kyle bass stuff a couple of weeks ago dove tails toward this and you start connecting dots and i'm not suggesting anything other than the fact this comes on the heels of something that has been in the news, pressuring the names and now you get the double-whammy today with hillary clinton's tweets. i think this empowers kyle bass to amp up her and his rhetoric which will keep the space under pressure. >> i think we have to realize that hillary clinton was a hume proponent of the affordable care act. if she hit this is too hard, people will ask why they didn't solve the problem when they were doing the paperwork that people were doing. >> and moving on. today, volkswagen admitting to cheating on admissions tests and

they are hosting an event live in new york. phil le beau is live on-site there. what is the latest. >> the latest is out of washington where the house energy and commerce committee has announced in the coming weeks it will begin congressional hearings looking into the emission issue regarding volkswagen. here in brooklyn because the ceo of volkswagen will be here for the unveiling of the latest version of the passat. michael horn is here at a time when the company is not selling the current models that are in showrooms. let's remind people what happened over the weekend. volkswagen telling the dealer to stop selling models because of the emissions investigation. those models being 2009-2015, beetle, golf, jetta and audi a-3. and only clean diesel models which is about a fourth of what they sell and the clean diesel versions of the passat, model years 2014 and 2015. over in germany, the ceo winter

kor november said i am personally deeply store -- sorry that we have broken the trust of our customers and our public. they try to get a better foot hold here in the united states. they are struggling here, despite by 2018 they are getting up to a million vehicle in sales. it is number one year-to-date to global sales. about 2,000 ahead of toyota. but you have to wonder what kind of hit sales will take here in the united states and what kind of damage this scandal will do. we're already noticing investors selling shares over in europe of volkswagen, down more than 20% today. again, we're here in brooklyn because the ceo of volkswagen of america will be here for the unveiling of the new passat. will t will be interesting to see what he says, if anything. because it is clear, this scandal is just mushrooming right now and they are still trying to get their arms around damage control and their message that they are going to be putting out. guys, back to you.

>> phil le beau, thank you so much. phil is in brooklyn for us tonight. >> we're just seeing the tip of the iceberg. the stock is down a lot. it is cheap given much cash they have. but i cannot recall a scandal, whether it was gm or bp, or previous, that you had to buy it the first day or you never got another chance. it is always going to get worse. beside the penalty, and the cost to fix it, there is the damage to the brand. you can't possibly know any of those. and they are very, very big numbers. maybe it will bounce for a day, maybe. i mean, it is a total -- shoot. you can't possibly know. >> this reminds me more of toyota than of gm because again you have a company that was really built on quality and technology advancement. and here is their technology working for something duplicitous. and when i look at the market cap today and the speculation that there is $18.5 billion of penalty, i think people have

overreacted. good morning probably gets better treatment on home turf and i hate to imply there are unfair rules for all but if you look at the deaths and the tragedies for gm. how can you expect volkswagen to get hurt that badly. and this happened to a car, the auto sector, at a time when global autos are trading near the bottom of the range. people in so much pain here. i won't jump the baby out of the bath water. >> no one has died from a fake emissions test. >> not that we know of. >> coming up next, go pro, the stock could fall to $25 a share. which companies are set to steal market share and how you can profit from the move. and commodities gym gartman out with a way to trade. and something he hasn't owned in a long time and we'll tell you what that it. >> and apple is stepping up efforts to build an electric car and whether elon musk should be concerned. all of that when "fast money" returns.

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welcome back to "fast money." shares of jack in the box a focus after the bell. they did pop and now back to flat. slightly off the after hours high. but they did pop a bit. up about 2.

on relatively light volume. the company did announce a $200 million stock buyback program and the ceo saying that this buyback with the dividend boost highlights the company's confidence in the business model and the growth plan. but remember the shares have taken a tumble, down 17% over the last couple of months. but up 2.5% and jack in the box the owner of the mexican food chain franchise. >> thank you dom chu. so we have to go to our chief expert. >> i'm the expert. >> and the jack in the box expert. >> and the jack expert. >> i haven't been to a jack in the box. i'm sure there is one in the tri-state area but i can't find one. but it is a great stock into the spring. and then they started returning earning and comps turned and

once that turned the feel for the stock completely turned. then when valuation doesn't matter, now all of a sudden it does matter. it has to hold the $75 level off the announcement but you have to wait until november 17th earnings to see if it heads positive. >> extra chicken and no beans. and now they have the brown race and it is not my thing. >> noted. go pro. the stock getting hit hard. fallen 8%, saying the shares could fall another 30% saying the one product wonder and unlikely to recover from barren's, grasso. >> i think many of us have been like minded with bar ron's. i don't think it is a buy just dwret. still susceptible to pops. and the barriers are still there

and i still won't be a buyer. >> it is a back-end loaded stock and most comes in the fourth quarter. >> last quarter the numbers were fantastic. the holiday numbers, this is all very positive. it gets down to a valuation that is creeping down and becoming interesting. at some point it will be okay. for now there is no reason to stamp on the short of this one. this has had a fantastic move lower. short-term interest has been reduced. i think the stock can go back to 24 but that is a bigger play than the sentiment at what it is. >> so at $24 it would be okay. >> well the october earnings is quite sometime. the last quarter was an amazing quarter and the stock traded in kind and then everything got taken out to the wood shed. i don't know if it gets to 24 but i agree with tim and steve, you can't buy it right now. i think the potato takeout candidate and we talked about apple and facebook would make sense. >> where else do you get a squirrel like that on a surf board. >> was that a squirrel?

>> yeah. >> next up -- i believe it is a squirrel. >> he is waterskiing. >> hamster, squirrel, some rodent family. a solid day for lululemon. rallying after the morgan stanley updating it from overweight to weight and calling for a 28% rally from where the stock is right now. karen. >> kimberly greenberg talked about the reacceleration of lululemon and international growth. they are in a nice spot for the a ath-leisure trend. and tori birch just started a sports line. i don't love it. i think it is okay. at 28 times, it is okay. i won't follow it. >> does tori birch, i imagine no pieces are going to be inexpensive. they will be a premium to lulu's pricing and does that make them

not as bad. >> i wonder if they are competitively priced to lulu. >> come to the lululemon expert. >> i'm the expert in one thing. >> it doesn't go hand in hand. >> the two experts. >> still ahead, biotech may be getting hit hard but one biotech technician sees an opportunity in the space. we'll tell you where he's watching. you're watching "fast money." here is what is coming up on "fast." >> did these two men become frenemies. a potential apple car that has tesla investors scared out of their minds. plus the commodities king is buying something he hasn't owned in a long time and it could mean big things for crude. we'll explain after the break. a. it's how you stay connected. with centurylink as your trusted technology partner, you get an industry leading broadband network and cloud and hosting services.

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it's multi-layered security and flexibility. with centurylink you get advanced technology solutions. including cloud and hosting services - all from a trusted it partner. centurylink. your link to what's next. welcome back to "fast money." crude oil making a big jump higher today. gaining back all of friday's steep losses. crude is up more than 15% in the last month. dennis gartman of the gartman letter said there is two ways he is looking to cash in. he is live with us in virginia

beach. you said the worst days of crude is behind us, so in terms of the equities, what are you looking to get into. >> the best way to take a look at it is to own -- i want to go back to fracking again and the ancillary circumstances of fracking. i want to go back to sand. sand is a very important part of the fracking process. it is a pro-pant. you have to inject the sand into the wells. given the fact that crude oil has gone to $38 to closer to $48 a barrel and given the fact that the con tango is positive, next year's crude oil is at a $5 to 6:00 dollars premium and two years forward a 6:$6 to $8 premium. and that is good frackers. and those incumbent have fallen 80% in the highs from a year ago and see signs of building a base

and have decent dividends, probably seeing them cut dramatically, but even if they cut them in half, they will still be a solid dividend payer rmt i want to -- i want to look at sand. and i've been involved in tankers for a long period of time. that is a wonderful trade. the tanker stocks are going from the lower left to the upper right and been rallying on days when the stock market has broadly gone lower. so two places, sand for fracking and the tankers for the moving of the oil around the world. >> so there aren't publicly traded sand, one that comes to mind is frackers plush and do you need the sand suppliers to improve because if they just keep productions levels where they are, is that going to help the prospect of the sand companies which has been beaten down so much as you point out. >> well the fact that the shares have been beaten down as dramatically as they have. when you can buy something at 85% of the value two years ago

and falling of base, it is probably worth taking a look at. do i expect to see a huge increase in fracking activity, no not at all. do i expect to see rig counts go up at all, no, not at all. but the holes that are drilled have to be kept up and moving forward and refracked on a consistent basis and reinjected. i think that alone is subject to draw my interest. but if you are down 85% and showing a base and crude oil has begun to turn around and go higher, i think it is a worthwhile punt. >> dennis, thank you. dennis gartman of the gartman letter. now i feel this is going to be like throwing out meat to sharks. but who thinks dennis is catching a falling knife at this point with the frackers? >> i think that the oil markets will continue to go lower. is he catching -- to his point, they have been obliterated so much that maybe the knife is on the ground. i still wouldn't look at them. i look at sum ber jay, if you

want to fall into that, i think on capitulation day, on august 24th and traded down to 68, maybe you could trade that against $68. but valuation is still expensive at 20 times forward earnings so i think the whole space will tip to stay under pressure. >> i think you have to go emp. we discussed refiners had their day probably in the sun and i think the frackers are the service names. i don't know if you are safe there. but i would most likely think you could make some money on emp's but you have to believe that oil is going higher and i think oil has a lid of $50 a barrel. >> are you in oil in dennis is making it down 85%. i don't know if that makes it a buy. >> i'm in oih. it is diversified. not that you have a risk -- you have a balance risk. high crush, looks like it has a fair amount of debt. but we are also going to see

consolidation. it is pending. i don't know if it will be approved. four big companies are trying to merge that could create a floor for pricing for them. >> coming up next, could apple's text be tesla's result and the stock fell. what has them upset. and why do traders believe the stock will rally between now and the end of the year. the surprising answer when "fast money" returns. this just in: 50 million customers' data was not compromised this morning in a security breach that didn't happen. wall street. not rattled. at all. no. not at all. not at all. i mean, look at the day. sir. sir. what went right? what went right? everything. thank you. with threat intelligence, behavioral analytics, and 6000 experts, ibm security will help keep you out of the news. my dad's company wasn't hacked today.

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welcome back to show show. stocks clowing in the green today. the dow gaining 125 points and the nasdaq was up a meager 2 points. crude jumped 4.5% and nearly erasing the friday losses. here is what is coming up. in light of the revent volatility, where the top minds think stocks are heading. and three key names that could jump start your portfolio. and pandora surnling on a big ruling in the music industry. but some think the stocks will

be trading different by the year end. if you are waiting for the apple car. good news. it could wait less than you thought. josh lipton is in san francisco. >> the "wall street journal" said the tech giant has set a target ship date of 2019. so mark your calendars. the go-ahead coming after apple spent a year looking into the feasibility of an apple branded car. leaders of the project code name titan have given permission to triple the 600 person team. and there is question, does apple have a manufacturing partner and does the 2019 ship date mean when customers receive the product or just sign off on the features. they meant with officials from go meanton station a base used as a testing facility tor

autonomous vehicles and met with officials from the california dmv to discuss the autonomous vehicle regulations. potential signs of more serious interest in a car. piper's jean muster said the auto industry in his opinion does represent a big opportunity for apple. munster pegging the odds of a apple car becoming a reality at around 50%. apple declined a request for a comment. melissa, back to you. >> josh lipton, thanks for that. here is a question. apple shareholder, are you more excited that apple could be making a car or less? >> it is a syndrome. >> if apple said we are going to come out with a car, would you be more optimistic? >> it is difficult to be optimistic about a low margin business for a company where there is so much that could go wrong. the r&d involved in it. having said that. they can get a lot of mileage -- ha ha -- out of this. and i know that is not what they are doing.

but to say they don't need that part of it -- when i look at apple as tesla, where you have a company that is so much expected, it is very tough to deliver. and therefore, no, as an apple sharmd sharmd -- shareholder, i don't want to see them do this. >> and i pose the same question to you as an apple shareholder? >> would rather have them buy tesla than create from scratch. i think it might cost so much more money. tesla is so much further along i imagine that where apple is. and like they did with beats. i know it was a tiny project, but to buy what i think is the best in class, instead of building it on their own, that is what i would rather see them to do. >> to buy tesla would be $50 billion. this you go. i don't think that is ridiculous -- we could go around about valuation and that is what it could cost. >> and the shares shrinking at

the same moment about the apple potential car. so why are tesla investors scared of this announcement. andrea james joins us on the "fast" line. thank to have you with us. >> thank you. >> and the question on the desk, could apple buy tesla at this point, do you think? >> i don't know. but you know, clearly apple needs manufacturing. and i think they're going to have to partner with somebody else who has manufacturing in place. otherwise they are building it themselves from scratch and that is an entirely new venture for apple and so if not tesla, but maybe partnering with another automatic. and i wouldn't be surprised if we see that. >> there aren't too much analysts that have estimates out to 2019 but if you do, in terms of the impact, is there any way of factoring this in? is it just a knee-jerk reaction that we're seeing in the stock?

>> the global vehicle market is what, $80 million a year and tesla is doing 500,000 cars in the year 2020. so there is room for multiple players. tesla is not having huge market share even by 2020. it is interesting, because historically, the bear chase on tesla is that electric vehicles are dead on arrival and tesla is not going anywhere or they will not never be mainstream and tesla could never be mainstream and today i felt like on the market or people were saying now that apple is going to do it, everybody will want the apple electric car. you can't have both arguments. i do think they will become more popular and that is why apple is taking a look. >> let's say apple does come out with an actual car in 2019 and tesla has a couple of launched in between and they can grab more market share. what are you expecting and modeling in at this point and are you watching the competition, whether it be from apple or bmw or any other of the luxury automakers in terms of

modeling for tesla? >> always all of the time looking at competition. and i want to point out that tesla competes with the gas internal combustion engines today. so they are a car company beating with other car companies and they are a software and a tabloid -- tablet company and that console is like a tablet. model x is coming out next week. the model three which is the mass affluence car at 35,000 to $40,000 will come out in 2017. so there is time between now and 2019. >> andrea, we leave it there. thank you for your time. >> thank you. >> and the invites go out, for the model x, september 29th is the date. mark it down on your calendar. >> tesla at $270 today is at the top end of a trading range which i wouldn't want to own. it is well priced into the stock. delivery of the shares is tough.

competition unbelievable. there is no reason to hold tesla at these levels. again, we just said, it is not even going to be near production in 2020, that is meaningful to me. >> if it they had a tough time making one or two cars and now they are making three cars. i think the production numbers tim is talking about is impossible to make. and is the bar set too low, that is the only upside surprise in a fame like tesla. but if you are going to be long, you have to use a 260. >> it has traded well. 225 and it draded down and in august 23rd and 24ing where it breached that. and i think it takes out the 290 level. i don't any if it gets to the 355 price target but i think it gets through 290. i like the way it traded today specifically it. bounced back really well. >> it was up -- the gabe went down to up six-tenths of a percent. >> it wasn't from 272 to $256 to

close up on the day. >> i would think a partnership would be more likely than a takeover. i mean, could you imagine cook or musk -- >> what would happen if they announced a jv with tesla. >> i think it would be positive. >> coming up next, what do disney and bio gen and others have in common. we'll tell you after this break. and pand ora get a copy right in their name but some are coming to a screeching halt calling for a more than 15% slide from here. we have the details when "fast money" returns. at mfs investment management, we believe active management can protect capital long term. active management can tap global insights. active management can take calculated risks. active management can seek to outperform.

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welcome back to "fast money." stocks closing the day higher but still well off the highs reached this year. the volatility has some strategist rethinking. dom chu is in the newsroom with how the top minds are looking at the s&p 500. >> there are some movements and people adjusting their forecast. but let's take stock of what we have. the survey polls the top strategist on wall street and the median observation for year

end target is a median of 2200. an upside move to the market by year end. the maximum observation, 2325, that could be around 18% higher, if we get to those levels, those come courtesy of jonathan gallop of rbc. also tom lee at funds global advisers. as for the minimum, the bearish on wall street, that is 2100 right now. that is about 7% higher from here. that comes courtesy of goldman sachs and barkleys and over b of a, merrill lynch. and that is according to the survey. according to the year end target. we're at 1967 right now. the question becomes whether or not we can see an expansion of price to earnings ratio, the multiples at which will pay $1 per earning of stock price and whether the share price goes up. heading into earnings season

again we'll see whether the year end earning numbers can keep pace and perhaps that provides the fuel but for right now is it multiple expansion or extraction and the earnings. over to you. >> and that's had a changed. pre-august, versus what it is today. >> it hasn't changed significantly. maybe 25 points higher. 25 points higher a few weeks ago and a little bit higher before that. there hasn't been a whole bunch of movement. some strategist don't believe in changing the tart -- targets. they stick with them, regardless of the market. if theresy -- there is a real difference but nothing happening with the recent market turmoil. >> thank you, dom chu. and keem in mind, that most year end targets are wrong. they are usually not right any way. >> and it is not easy. and what is going on with the fed, some strategist can play with the discount and risk free rates and get to the levels to

bring the stocks down. and whether anything has changed in the last three weeks if you listen to the fed, clearly. i don't think so. and i think the market will normalize a bit. but i think volatility is what you will buy in the year. >> dom's forecast was 2200. are you a buyer or seller of that. >> sold. >> no one is below. that doesn't make sense to me. >> they are bullish by nature. strategist are bullish by nature. so no matter where the s&p 500 ends the year, ever core, rich ross, at the smart board with a look at three stocks that may have found a bottom. rick, what are they. >> first we'll look at big name stocks that have big pullbacks but also offer big upside. let's start with disney. it doesn't get much bigger than this. in the media arena, a one direction stock for most of the year. then we run into the big

correction here. see this big double bottom on the flash crash around 90 drms. the stock is up 15% from the august 24th low. but you can see we're into the key resistance at the 200 day moving average and that is a ceiling weighing on the stock. we keep testing it and can't get through. had a nice base of the triangle that aligned with the 200 day. this should be a continuation pattern to the upside, if and when you break through the $200, around 105 and 106 and i think you can goes that gap by yeeshd and so disney is buy number one. now we move no the airlines. this is a sneaky little play here. the airlines, as you can see, they stumble right out of the game. they are falling more most of the year. but here is the key, they start to bottom much earlier than the broader market. so we get a retest back in the flash crash in august. now we have a potential for a base breakout. we've taken out the big down trend from january and we're also flirting with the 200 day

moving average but we have a flag formation here, once again a continuation to the upside and i think we get to around 60, 61 and upside around $70 a share. and i like the airlines. united. a great way to play. and bio gen in the news today, hillary clinton putting a kibosh on the sector. the stock down 5.5% and providing a nice buying opportunity. the stock, big head and shoulder, take out the 200 day and the neck line and now we go the other way. head and shoulders bottom. and stocks down 30% from the high. i think you can get back to the neck line. that is about 375. and even if you got there and still a great trade from year end to current levels. so once again disney to start off with and united airlines and bio gen, three great stocks to take advantage of a year end push. >> and we were talking about the administrativists and the year

end and do you see the minimum of 2100 being hit. >> i do see it. i'm constructive. keep in mind, we've had a lot of volatility but we are entering a period of seasonal. october is a bear killer because that is where corrections go to die. the bigger up trend is still in tact. and i think we'll seize on the seasonality in october, the best six months of the year, november through apple and i think history repeats itself and i think 2100 and i don't think 2200 is overly exuberant to say the least. i'm in there. 220, 222. >> thank you for being with us. >> which of the stocks do you like. >> i love the double bottom on diez but i think there is a better upside with united. >> i think bio gen, as rich said, it is down 12% year-to-date and 5 of that came today. i'm long on disney. i think they climb up to the level of 120. content is still king.

the content will not kill disney. >> disney, i'm hanging onto it. i'm not a technical trader, but i hope you are right. >> why are you smirming down there? >> 220, 222 -- >> whatever it takes. >> come on. >> mr. mom. >> michael keaton, in one of his better roles. rich ross has reached carter braxton worth levels on that smart board. disney buy it over 105. i think he nailed it. stevie is on this one. a break on long side. up next, bank of america moment of truth. the key shareholder role of chairman and ceo brian moynahan and karen finerman is getting in on the action. find out what has her all fired up. and pandora shares surging today. one trader made a massive announcement that the rally will trend. you're watching cnbc, first in business worldwide. that whether times are good or bad,

people and their ideas will continue to move the world forward. as long as they have someone to believe in them. citi financed the transatlantic cable that connected continents. and the panama canal, that made our world a smaller place. we backed the marshall plan that helped europe regain its strength. and pioneered the atm, for cash, anytime. for over two centuries we've supported dreams like these, and the people and companies behind them. so why should that matter to you? because, today, we are still helping progress makers turn their ideas into reality. and the next great idea could be yours.

a big vote could change the way brian moynahan does business at bank of america. a special meeting tomorrow to see if he should be striped of his dual roles. a vote was made to combine the positions and this has our chairwoman ahead of tomorrow's

key votes. and you are hopping mad. >> i am. i think this is awful, awful corporate governance. i think the board ought to be ashamed of themselves. in 2009, the shareholders said you need to separate the roles. and then they changed the chairman and the ceo role to moynahan. and now this year they put it oup up to a vote.and the company said but this wassen aced during the financial crisis. the stock is still trading where it was during the financial crisis. so if you look at from the day that brian moynahan joined, you look at the dollar in each of bank of america, jp morgan chase, and citibank, the other two have done far, far better. it is not remotely close. and i know he feels wha-wha,

they give someone else my position. and i know warren buffett thinks that he should stay the ceo. he cut a great deal for him and shareholders but he signed a deal for a $5 million preferred pay 6% and they gave him 700 million warrants, ten-year warrants. that is so wildly valuable. if i signed up a deal that was worth probably $2 billion more more than the $5 billion i paid in, i would support brian moynahan as well. but i didn't get the chance to do that. the board, i don't know what you are thinking here. and if you look at iss and glass lewis, which are the best known and most followed proxy solicitors they are saying this is bad corporate governance. board, you have not done a good job. your shareholders have spoken and you don't like the answer and now you want to see

something different. and i vote against it. and when you call me or send me stuff, i'm going to continue to vote all of our shares against it and my personal shares against it. i don't see why he deserves it. >> but it is not enough for you to consider selling your shares if. >> it it becomes a referendum on his ceo role. i got scared when jamie dimon threatens to leave over the chairman thing. but dimon is a far more valuable asset here. >> wow, something to consider. >> fired up. >> i am fired up. bad governor sans. >> and michelle caruso-cabrera will have an interview with hank paulson on the "closing bell." that's a big interview so don't miss it. and shifting gears. pandora soaring to a year-to-date stock high. it ended higher by about 6% but one trader is betting more than $5 million it do drop sharply by

the year end. mike has the story. >> twice the put volume when the company got good news on the royalty ruling. but we saw somebody who already has a bearish bet on july 9th they rolled out and bought the january 20th puts paying under 2.70 for 20,000 of those, representing 2 million shares and for those to be profitable the stock needs to drop well more than 15% by the january exploration. but the takeaway for investors, take a look at how high the options premiums are. the stock is implying it will move probably 30%, up or down, between now and january expiration. >> all right. thanks so much, mike ciao. check out the full show of options action on friday at 5:30. coming up on "mad money," cramer has the ceos of rand gold

and allergan and the future of mining so don't miss these interviews. and cramer will answer back to james bullards comments that it was a close call on the fed. so coming up next, the traders will tell you what they are wahing tomorrow right after the break. stay tuned. i'm here at the td ameritrade trader offices. ahh... steve, other than making me move stuff, what are you working on? let me show you. okay. our thinkorswim trading platform aggregates all the options data you need in one place that lets you visualize that information for any options series. okay, cool. hang on a second. you can even see the anticipated range of a stock expecting earnings. impressive... what's up, tim? for all the confidence you need. td ameritrade. you got this. it's more than a nit's reliable uptime. and multi-layered security. it's how you stay connected to each other and to your customers. with centurylink you get advanced technology solutions,

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finally "fast" but not least, check out this bizarre video. goats standing in trees. it has raised questions, namely are they real and how did they get up there. we did some digging, they're a rare species that live in morocco and they hop up in the branches to eat fruit and that leads to the question how do they get down. it is quite a height. >> i've been doing this for my christmas tree for years. >> i treated that out today for the fed. that got a lot of responses. >> and finally here. >> volkswagen is near the bottom of the cycle, started to get interesting. >> lululemon, forming a nice bottom. >> i think it is buyable. >> and pbm, why was there no reeffect here. i'm long cvs.

>> and what do we see tomorrow, and i think the latter. that is what makes markets. >> i'm melissa lee. see you back here tomorrow at 5:00 for my mission is simple. to make you money. i'm here to level the playing field for all investors. there is 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. other people want to make friends. i'm trying to make you a little money. my no job is not just to entertain, to teach and educate. call me. 1-800-k3w4r0e6r cnbc. the dollar jumped versus the euro. causing the market to get crushed. oh, wait,