something that you don't have to plug in every single night or every week even for that matter is a huge plus. >> i have to problem plugging in every night. that's the whole point of that. again, we'll all be here tomorrow. we hope you are, too, as well. that's it for "closing bell." thanks for joining us. >> "fast money" begins right now. thanks, guess. "fast money" does start right now. live from the nasdaq market site overlooking new york city's times square imember is a la. tonight on "fast" don't look now but a major bank is saying crude is about to hit new lows. the analysts behind that call will be here to see what has him bearish and is the perfect storm for netflix quietly brewing? trouble for america's favorite stream company? what that is and twitter announces a game-changing deal with the nfl and shares are down so what is it that investors are missing about the story? first, we start off with the markets, stocks closing out the dead low of the day, dow tanking

133 points, first triple-digit slide since early march coming amid a scary picture with the german dax. hiding out in u.s. stocks thinking it's the ultimate safety trade is now the time to take profits, guy? >> you've been right to hang out in u.s. stocks and it has been the safety trade. think about the rally over the last four and a half and five weeks. the german daxx has been in a pretty serious downtrend since the beginning of 2015, traded up to 10000 and is reversing lower as is deutsche bank. the vix got down to 13 and pete talks about it all the time, levels that have historically held and bounce. russell seems to be turning over. tim talked about using that as a hedge and the transports since the first time since early january are selling off. those are all the bad things. good things is the s&p has been resilient beyond anybody in my

wildest dreams, 2025 is where i thought it would fail. >> are we finally starting to see cracks? today is a day where the s&p 500, i mean, all ten of the sectors closed lower and one of the hardest hit sectors had been traditional safety trade, the utilities, down 1.9% on the session. >> if you look at the flows they really were flight to quality and unwind on kind of risk trades, and if you think about where we've been over the last two months it's been a pretty heavy risk on. the japanese yen, talk about global markets, closed at 17-month highs against the dollar and that is telling me capital sun winding some of these funding trades. you have at least some concerns in the eu referendum, uk, the sense of whether there's actually real solidarity within the eu system and this is something that's putting a lot of pressure on the e you are banks if you think that actually the ecb could step away because we do need to think we need to support them. doesn't surprise me that we need to see them pull off and that the global story is more complicated than the story here which i think still stocks don't look terribly expensive. >> i agree with tim.

i mean, it's not surprising that we saw a little bit of a selloff given just the remarkable run that we've had since the bottom earlier this year. for me i think we're in kind of a no mans land, not necessarily adding here but i certainly wouldn't sell. the volatility index started to pick up. he can speak to it more and that i would probably continue to buy right here. protects with the vix here because i think we could see it go a lot higher, and that to me is easier to trade around than to try to trade around your portfolio, when to get out and when to get in. seems more difficult. >> she's 100% right. karen, you're dead on. when you look at the volatility index, maybe it didn't bottom. maybe there's a little bit more to the downside but we're so below the 50 and 200-day moving averages. there's extremely low volume. a lot of different things that really started to make you a bit concerned on. when are we going to pause and slow down? >> do you think it's paused now? i feel like it's paused but i don't feel like we're going into a big correction. global growth, it is slow, and we all know that already, and

the u.s. has been the place to be. look at the ten-year. i mean, there's a lot of reasons why, and i don't know necessarily if the fed gave us the green light to buy stocks but they certainly gave us the green light, hey, look, the u.s. still will be the best place to be, at least right now and because of that, there are great u.s. companies that i think you can hedge so easily because of low volatility. >> let's put this in the matrix here. what do you invest in right now? if u.s. is still the best place to be and you want yield because there is no yield, then when you pop that into your little model does that spit out staple stocks, sprins or pharmaceuticals? >> oh, yeah. >> it -- it definitely kicks out some of the best balance sheets and some of the best brands and best companies in the world. first of all, home depot, the housing trade and home improvement trade continues to, would. i actually like if you want to reach for something with more upside potentially is the restoration hardware because some of the dynamics there, obviously a company on the turn, but when we get into staples, food stuff and food stocks, these are things that will

continue to work in this dividend veeld environment with valuations that should be trading 5%, 10%, 20% higher. those are valuations where they have a lot more price protection, i should say pricing protection and the dollar is also their friend now so i will stay there. >> pete talked about lockheed martin, last week one of the segments we did and we talked about defense stocks and lock at what trade on what was a pretty lousy tape. home depot i agree. i think you stay long. coca-cola above 45 bucks which was a double top from about four or five years ago. certain names you absolutely stay with and to your point about bonds. tlt i still think goes higher from here which i mean i believe that u.s. yields are going. >> we're in what, 1.72? >> yeah. >> closed 165 to 170 and tested all the way down to 163. 160 is a very important level to me on the ten-year. look, guy's been right on with this trade for a long time and every time we've had this chance to kind of trade north and break out.

i would say we've actually failed. let's see right here because this is a very important level. we're at this place where people are trying to equate global yields with this thing that something must be very, very wrong. i think the reality is that it's not what we should be. want to see yields normalize and they won't be any time soon and imputing a global collapse upon that is not something we can do. i think you have to be very careful. >> places to go, retail. home builders also. i mean, they are well off their highs. >> probably nerve-racking right you. >> let's move on. crude oil moving in the offhours session as new data reports a drop in inventories and crude is set to make new 2016 lows. a bnppayer bass head of global commodities joins us on the fast line. great to have you with us. >> hi, melissa. >> we haven't seen the worst of it in your view. >> no, not yet. i think right now the market is

actually coming to terms with the fact that there's a lot of excess supply and producers that i'm not going to be able to actually change the situation given that most of them right now are not actually very, if you will, involved in cutting production or even freezing production. >> what happens to the rest of the mod tis complex if you think oil is going lower? is that the same for the rest. >> certain degree across commodity correlation and we find out industrial correlations and if oil were to take a do i have from here we'd expect copper to follow suit. other commodities are less correlated like in agriculture and other base metals and really the industrials are likely to be moving in the same direction. >> hey, harry, tim seymour. how do you guys deal with currencies when you look at your models and make your forecast because if the dollar is sideways to me, i don't see how we get to the fresh lows and i see a futures curve and while i get that the producers are hedging out, especially the guys most imbarreled on their balance sheets, you also have an

environment where no one is reinvesting in production. seeing on the sovereign level a number of major producers, maybe not saudi but whether it's cab stan, russia, production is coming offline. a two-part question. currency first and the fact of the matter is you're seeing some production pullback. >> yeah, on the currency, of course, there is normally an inverse relation between the dollar and the price of the commodities there and commodities are not dollar denominated at all and commodities tend to fall and vice versa. however, it's a question of really you're trying to balance that influence in light of the fundamentals. given commodity market. right now in oil we investigation ses supply and that is trumping financial factors like -- like the weakening of the dollar recently. now, as far as production around the worl

and that's after eight consecutive quarters of inventory built globally, right, so at this stage, you know, the oil price is coming off and i think we're going to probably return to the lows that we saw in january and february so probably 30 wti is reasonable. >> harry, thanks so much for joining us. so, again, we'll revisit the lows, he says and we won't see a real sustainable oil rally until 2017. what does that do to the equities snarkt. >> i think it sort of scares the equity markets and the mean reason why it did what it did. i'm not certain this time it will be as appropriate to us a drab as before. i think this will take a lot

longer. crude has now bounced so i think you'll get the starts and stops over the next couple of months and i do believe that the bottom in oil has not yet been put in. >> in terms of your portfolio, karen, when you hear the forecasts, let's say that they are right, what would be your first reaction. how does your portfolio frayed? >> sort of two different elements. more than two, but one of them is, okay, oil prices and then how do equities trade and they don't bottom at the same time, so -- so to me since i'm not an oil trader, i try to think about at what level would i like to own energy. tim talks about this all the time. you can hang around and you can get paid a dividend and when oil prices are returned to something more that i think would be normal you'll be fine and that would be a way to play. >> in the energy place there's certain that stand out against other. talk about the big three and at certain levels some will outperform others. conoco on the way down will perform negatively to the downside and to the upside over40 i think it will outperform because some of the

measures they have taken. >> what happens to no-man's-land? >> they hover around quite frankly. i think you'll see chevron and exxon trade in tandem because they have done a lot of same measures to get those balance sheets in position to do the right thing. the nice bounce in gold. gold was actually up and looked up at the gdx and started to sell back off a lot of that part of the market started to lift back up again. >> yeah, i mean, to me it's a no-brainer that you would be buying the best balance sheets in this environment. granted, the last guest was a little bit i think pushing out his view on oil. i think if you think oil is going to start to rally at the end of the year you should be buying the balance sheets and best of breed, oxy, anadarko, chevron and exxon. >> up next, is the perfect storm brewing for net. ics? from rising streaming costs and increased competition why some traders say the stock may be in line for a major pullback and valeant having their biggest move in nine days after the

company says it's all good and some traders say it will miss a crucial point and later the twitter teaming up with the nfl. is it enough to get investors back on board? our next guest tells us what investors may be missing. back after this. show me movies with romance.

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welcome back to "fast money." netflix kicking off our top trades tonight, the per fermefect storm for the streaming giant may be brewing. 41% of people polled said they would cancel their netflix subscription if the price increases. couple that with the news out of starz launching their own streaming service in direct competition with netflix, and here's what the ceo of starz had to say. >> if there's cannibalization we certainly don't welcome that, but at the same time we think from an aggregate point of view starz will end up better off and we welcome our mvp partners to take this app and market it in partsnership with us to their customers to increase their

reach and bring more people into their tents. >> i know where pete is going to go on this. he's going to go international. international growth and all that. >> i've even got more for you. >> really. >> when you really look into this note coming from the analysts what he said, okay, 41% of the folks said no way. we will not pay more. we won't go in. >> yes. >> even grandfathered in, 17 million in the u.s. and all the rest of that. they are not going to do it. the reality is he also leads on later in the note to say actually they would. he says 3% to 4% might not and because of that we're down 20 on the s&p today and then all of a sudden you look in netflix, it's positive. i think people finally went through the entire note and look what he had to say and we'll answer surveys completely differently than we may spend some time. the other thing that's really interesting is paid television right now is 30 cents per hour if you go through the whole metrix. when you look at netflix, it's nine cents per hour so it's still inexpensive, and you go to 999 not that big of a change but very, very inexpensive for

people. >> i hear you. what stops that from getting more expensive and the barriers to entry for everybody else to come in and give you market share? >> given you an answer. when you look at hulu and amazon, some of the bigger competition out there, there is no competition. they have nothing. they have no content. if you ask the mainlyial world, hey, what do you use? every one of them responds with netflix because they don't have content. they have locked in the content at netflix, and they continue to grab content. >> the double-edge emed word. >> yeah. >> they have $11 billion in content obligations and a global market that i don't think will saturate quickly because first of all there's cultural issues. 50-50, at some point relatively soon, i don't see it getting there, and the margins and their content obligations and the competition means the best. >> i think this stock is overplayed. >> we've all said competition for three years, and when you really look at the numbers it's still netflix here and everybody else. >> so your point about the

younger generation though and they said netflix has pricing power among the mainlyials as well as the crowd and higher income people and they are holding on to these people even though they are the ones who will go to this. >> i can't get comfortable with valuation but i can on this story and -- i mean, they keep coming, the mainlyials, right, so the demand is there even if there's additional supply from other content carriers, i mean, would they have totally transformed the viewing -- viewing -- we are -- we're a little old for this. >> you're a value investor, karen. what's the price? this is a portal. >> the valuation. >> like amazon, right? >> yes. great product, love the product, right, and i think they are transforming the world but can't hold stock. >> various entry. i'm not going to pretend to say that i know but they have also created, talk about netflix, talk about it almost like a verb. >> google. >> and that's a intelligentus in that so i don't know if there are barriers of entry but it's

tough to replicate what they have done. the stock has traded well. >> traded great and ultimately in a shaky tape that's where this is the most vulnerable, but i think if you think about it. we used to aol, too, on e-mail. i mean -- >> did you? >> blackberry, aol? >> took about an hour to dial up and get guy. >> what's that noise, guy, that it makes? >> the latest recipe of the week. >> had to shut off my device before the show. >> good time. >> your modem. >> next up, a tough day for goldman sachs which broadcast tougher days ahead. analyst have cut 94 cents off their estimates for goldman's first-quarter earnings and analysts predicting profits will topple with the steepest decline among all the big banks. guy? >> a lot of things working against them. investment banking revenue first quarter, down anywhere from 35% to 45% year over year. a yield curve that clearly doesn't hurt goldman as much but

it still hurts them flattening out which i think will continue to happen, and the environment that they find themselves in, less ways for banks to make money. the question is valuation compelling enough now, so karen can speak. probably trades, you know, 90% of book give or take which has been cheaper than that. i think the play is you let the quarter play out and give it a couple of weeks and hope they mix and they don't really miss that often. hope they flush the stocks down to 140 and buy it. >> the stock is priced for lumpiness, right? you don't trade at a nine multiple where you're a premiere name in the business like goldman sachs and i think if they have a crappy quarter that's not that big of a big deal. they know it's coming, ratcheted down already. >> on top of all the things you cited, guy, there's also just a lack of deals coming, either ipos or m & a, take a look at green hill, down sharply as well. not just the investment banks. >> and i think we know that though, and i think people are making the assumption that this

environment is so bad for everybody. latent or embedded in this assumption is all the investment banking deals go away because we're in a massive credit crisis. i think people are being more selective and if anyone is going to win in that environment it will be goldman. >> steve? >> i love this name but it's really hard right now to say that this is a name i want to be in. i still think we've got the jamie dimon bottom in jpmorgan, but i look at goldman sachs and knowing the business model and the basic struggles that hedge funds have, it's a gigantic hedge fund, i think. they do get involved in the ipo markets. that's been weak so there's so many different reasons where you could see where the stock could fall a little bit further. >> are you in anything now? >> i'm in very few. i'm in bank of america and today i jumped into morgan stanley. >> all right. >> still ahead, wynn just turning higher. one savvy trader may have known something about these results before the release. it is the trade that has all of wall street talking. i'm melissa lee, and you're watching "fast money"ons cnbc, first in business worldwide. in the meantime, here's what else is coming up on fast.

>> that's football, guys. that's all it is. >> and it could be a game-changer for twitter which just became a major player in sports with the nfl, but will it be enough to get investors back on board? plus, is this man out to wreck the stock market? we'll explain what has some traders so they are vows when "fast money" returns. maas

welcome back to "fast money." value yaent rallying back after completing its revow and found no issues. it also said it's going to file a 10k by april 29th and with all the drama can you actually trust it now? the filing is a huge thing, karen, right? that was a main concern. that's out of the way now. >> well, they say they will file. >> right. >> it's not done. it's not actually done, right, and you've got to actually go through and they have to negotiate with their creditors which i believe they will be able to do and that's another hurdle that remains. i can't believe that this is the end of it. we do know that they have a couple of investigations out there so the doj, there's the s.e.c. there's going to be -- pearson

is before congress on april 29th. i can't imagine that's going to go great. i would also imagine when they do find a new ceo i can't -- you know, you've got to think that they will say some pretty nasty things about the team that's leaving. >> right. >> and kitchen sink, the whole thing, i just cannot believe that this is the end of the bad news there. this name, there's two camps. there's i hate ackman so i want to be short and then ackman is a really smart guy. i'm down 90% and i've got to be long. i'm not in it. i like bill. i don't -- i don't have enough to make -- i don't -- just i know that it ain't over yet. >> you don't have a ceo so you don't know what direction the company is heading in. >> and the fundamentals. >> and the fundamentals, right, exactly so we don't know what the business mod sell going to be for the company going forward and we hear from valeant saying we've gone through 10 million documents and all these e-mails and so forth and found no wrongdoing and haven't heard from the regulatory agencies.

we don't know the business model because they changed the business model when the stock was trading long 180. 90% of this is luck. i'm with karen. up 10%, going to go up 10% tomorrow. yeah, it could trade with a 30 handle, but, again, the negative headline risk to me far outweighs it from the long side. >> seems like a good feature for "options action" on friday. >> yeah. >> to use options it's a stock which we want to control. >> that's the only thing i would touch, but i've got to tell you something, roulette is what you're playing i think with this name right now because we don't know enough and when are we going to get the real story? i don't know that we've gotten it yet. >> still ahead, twitter beating out amazon and verizon for rights to live stream nfl games this season, so why was the stock down today in the one and

only roger mcnamee will join us to explain and if you missed the rally goldman sachs with eight cheap stocks what, it called cheap, that could see gains from here. we'll give you the names when "fast money" returns. is this really any better than the one you got last year? if we consolidate suppliers, what's the savings there? so should we go with the 467 horsepower? ...or is a 423 enough? good question. you ask a lot of good questions... i think we should move you into our new fund. sure... ok. but are you asking enough about how your wealth is managed? wealth management at charles schwab.

cott, legendary filmmaker. are you a film buff, watson? no, but i am studying the visual storytelling in your movies. you know, it's amazing how much information is contained in a single image. one visual can make or break a film. i am analyzing images for factory managers, sales people and healthcare professionals. that's good watson. but not exactly movie material. perhaps the healthcare professional could be played by matt damon. you're learning, kid.

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a. welcome back to "fast money." the dow falling triple digits down 133 points and the s&p fell by 1% clinging to positive territory for the year. utilities and financials, the two worth of performing sector. here's what is coming up in the second half of "fast money." president obama speaking out against the companies that are trying to take advantage of u.s. tax laws. traders weigh in, and the names of eight cheap stocks of goldman. we'll tell you what the stocks are and if the traders are buying into this later this hour. first, we start off with twitter falling today despite reports that the company has secured a deal with the nfl to stream thursday night games. cnbc's joorts season in l.a.

with the story. julia? >> well, melissa, traders and the nfl say this partnership should a win-win. the nfl's evp of media tells me the nfl did not go with the highest bidder but chose twitter because they believed twitter would help drive reach and engagement and consumption of the game outside of television. twitter will simultaneously live stream ten thursday night football games as they also air on cbs and nbc, and people won't have to log into twitter in order to watch. twitter cfo anthony nodo who used to be the cfo of the nfl tells me this twitter's focus on live events and is hoping this partnership will help twitter grow its logged-in user base which is currently stalling around 300 million users and it will grow the additional half billion people who currently see twitter content without logging in. now, neither the nfl nor twitter would disclose the value of the deal, but a number of folks close to the deal tell me that twitter is paying far less than the $20 million that yahoo

reportedly paid to exclusively stream just one game last year. now that's because these thursday night games will also be airing on tv and twitler sell only about 15 of the 70 ads that it streams in each of the games. twitter didn't reveal any details of how it plans to live stream to millions of consumers but it's surely working to ensure that it can manage huge demand before the season starts this fall. melissa? >> julia, how did it work out for yahoo when it paid 20 million for that exclusive for the one game? >> reporter: well, that's a very, very different situation, melissa. there it was yahoo handling the entire game exclusively. it was not available on tv and yahoo got to manage all of the ad revenue. here what is happening is twitter will be broadcasting the game with most of the ads that are also airing on tv, so cbs and nbc who are putting the game on television will also see their ads show up as we stream it on our phones. yahoo said that it was a big

success. we have to remember that yahoo not only got all the ad revenue but a lot of the tension. we're still talking about it now so twitter is certainly getting a lot of tension now. how the revenue works out is -- is still yet to be seen. they have many months still before this season starts and they actually put those ads on our phones. >> all right. julia, thank you. >> julia boorstin in l.a. for us. pete najarian, you're a football guy. >> i am. >> do you see this working? >> would you actually -- >> not for me. not who therg targeting so it's a tougher question to answer other than the fact that my opinion and what they are targeting here is the social generation, the social media and mainlyials and all the rest of that so i think that's really where they are going and they have been stagnant for so long, looking for any to get growth. yes, it's intact in a tandem and partnership with tv but a lot of social world, they are not watching tv. they are somewhere else. they have a completely -- we talked about netflix earlier. that's how they consume. they don't care about the cable tv and all the rest of it. they are going for the other types of ways so social media is

how they will figure to find some growth. 300 million what julia is talking about. stuck at the maus now for quarter after quarter. >> in the company's defense who cares about that because what is going on they have determined that offline users and now they are being picked up in google searches. twitter is figuring out, you know, what second derivative nfl watching is going to be like, but, you know, this is going to be like this live stream of tweets going on. you'll have guy adami broadcasting the game alongside of the game to me, if i cared, and i would care, of course, but, i mean, to me this is twitter finding its place in the world and this is not just the nfl. this is every -- every piece of content they want to attach themselves to, and as julia pointed out they are piling on a different revenue stream from advertisers and this is very bullish and having them as a first round advocate is huge. >> not paying much. >> 10 million bucks is what i heard. >> if they can break even not a bad experiment. >> the fact that the nfl chose them. not a bad thing for twitter,

right? >> right. >> and they made the mistake of talking about monthly averages. shouldn't even mention those metrics. >> they let the cat out of the bag. >> you can actually put the cat back into the bag and say we're going away from the mold el. might get hurt initially. what's the mott tom line here? too valuable an enterprise to be trading where it is and i've been wrong and one day they will figure out just like facebook did three or four years ago when everybody was calling for zuckerberg's head. it's taken him a little longer to do in. >> the co-founder of elevation partners and executive president of reverb and joins us now live from california. great to see you. >> great to be back. >> what's your guess on what this impact will be on twitter? >> first, i think the panel really is -- i agree with everything you said right up to the valuation point at the very end, so i think that fundamentally this is a great play both for the nfl and twitter, because it is -- it's a small piece of business on both

sides so there's not a lot of risk and there's a potentially huge upside for both sides so i think it -- the win-win thing i think is a no-brainer and the price tag appears to be low. i mean, we'll have to see what it costs twitter to create the interfaces and all that stuff to do it, to actually implement it and from my point of view i look at it it's not necessarily necessary for twitter to make a profit on this specific transaction. what they really need to do if they are not going to make a profit is they really will have to generate a lot of attention and begin to pivot the business of the company away from just the news feed towards these events-based streaming-based models that have much higher engagement, and, therefore, much greater value to advertisers. >> did they paint themselves into a corner in some respects because after they do this deal will they be forced to release whether or not they are making money off this deal or how many people actually watch games streaming? >> that's -- that's a great

question. i suspect there's going to be a tremendous amount of pressure to do that and whether they respond to that pressure or not will spend on how everything else is going, but my perspective on this is that twitter is the greatest media product created in the last ten years. i think it's a better product idea than facebook was when it started, or even much of what facebook evolved to. the difference is that facebook has evolved its product in a way that's tremendously valuable and managed to become fundamental in the lives of more than 1 billion people. twitter's problem is that it's -- you know, it's incredibly important to people in your world, in the media world and it's much, much less important than anyone else and by design engagement is very, very low. this is radically different. i'm the old model. twitter was really i think going to be less and less important every year and its chances of breaking even, the chances of ever making the model work have been going away because it didn't have a compelling reason for new people to have high

levels engagement until this deal, and so if they can make this model work in terms of engagement, i don't think he made any difference if they lose some money on it because if the model works then it's a new business model that's radically more attractive from an advertising and revenue point of view than the core twitter businesses that exist today. >> roger, tim seymour. let's talk about this curated, this word that people hear all the time, really where twitter is in this unique media. isn't this a place for twitter to be creating their own content out of nfl games. in other words, they are suddenly taking a product and it's being evolved on the fly by everybody that is using it. this to me seems to be very kind of evolutionary. it may well be. all of that remains to be seen because until we see what they do in terms of the way they present the games, that's the key trick, what does the experience look like because on the small screen there really isn't room to do all the other stuff that -- you know, people use twitter now as a separate

app alongside watching the game on a t have or on a computer and now you'll be watching the game on the device that previously you're doing the twitter action on, and so maybe all of the twittering goes on during the ads which would be bad for the economics of the thing. i just don't know how that's going to work and i want to see it before we draw a big conclusion. to me this is inescapably a positive for twitter. you know, to me the downside risk is immaterial, and while the upside of this specific transaction is very, very limited. it really matters because if they do make it work, it is essentially a ticket to a new business model that could radically alter the economic prospects of the economy so to me i think you know i've been a twitter skeptic because on the stock all along because i do think monetization of the model that they have now is just not going to happen. >> right. >> at least not to the level that they need. >> roger, you brought up facebook and got to ask you about sheryl sandberg. do you think there's a chance

that facebook could lead sheryl sandberg, maybe she can head up a media company that's going through a shake-up? >> the question around the rumors on disney. obviously you have this will situation where thomas staggs has left disney creating a hole where at least investors thought succession plan was going, and, you know, sheryl is on the board, and, i mean, it's hard to imagine a more appealing outsider for a situation like that. facebook is the fastest growing media company, maybe ever, certainly today. i personally -- first of all, i have no actual insight. i haven't talked to her about it and have idea what she's thinking. i would be surprise federal she went, not because the opportunity isn't amazing but simply because, you know, she's a mother of two young children. she lives in the bay area. disney is in l.a. it would require moving. it would require a period of really incrementally intense activity. i'm sure it would be exciting,

and i imagine the kids would love to have mom be the ceo of pixar. i mean, who -- what kid wouldn't love that, but at the same time, facebook action we look at today, mark created -- mark and dustin and adam created the company. >> right. >> but the business that we see today, the p & l that's made the company so viable that's entirely sheryl. >> right. >> hand she correctly feels tremendous pride in having authored that part of the company's success. so i'll be surprise federal she moves on, burks boy, if i were bob iger i'd be, you know, i'd move to the bay area until the deal was done. i don't know if it happens. >> okay. >> i would suspect the most likely thing is that iger stays there a little longer. >> roger, thanks for joining us, roger mcnameyy. let's -- you know, in talking about somebody who would have to move -- i don't think i would have brought it up if we were talking about a man. >> right. >> although her being widowed

does make a difference. >> she was more on the facebook side than on the disney side. >> i have no idea, but it -- i wonder what's down the road. i've got to imagine politics, much talked about. i think she would be fantastic. does she want to have one other big chapter where she's the ceo? >> oh, yeah. >> you know, she's a relatively young ten, 12 years and then politics. that would be interesting. >> still ahead, president obama and the treasury department taking steps to close the tax loopholes that many u.s. companies use to their advantage, but could this be bad for the market? more "fast money" straight ahead. and why stop to find a bathroom? cialis for daily use, is the only daily tablet approved to treat erectile dysfunction so you can be ready anytime the moment is right. plus cialis treats the frustrating urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your medical conditions and medicines, and ask if your heart is healt enough for sex.

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i've been pushing for years to eliminate the injustices in our tax system so the justice department is taking more actions to prevent corporations from taking one of the most insidious tax loopholes out there and fleeing the country just to get out of paying their taxes. >> that was president obama speaking earlier today about the treasury's push to limit the number of corporate tax inversions, the practice of a u.s. company buying a foreign company to move its tax address abroad and ultimately get a lower tax rate.

the crackdown sent shares of alerial e alering -- allergen. do this be bad for stocks? pete, what do you say? >> yeah, i suppose. what bothers me most is i was on the show at noon when this came in and the president is up there and giving this whole big thing. why not go after what the real problem is here? i don't understand, i have no understanding why -- >> which is the corporate tax rate. that's the issue. they get rid of that issue. all the rest of this is a moont point. it's the way to fix this thing but nobody wants to fix it because the politics on both sides, even though they agree on this can't get this thing figured out. is this overstepping the bounds of the treasury, this attack that they are doing on this whole thing? actually i think corporate leaders are smart when they make decisions to do the right thing financially for the company. >> for the shareholders. >> exactly right. >> and that's exactly what a lot of these companies are doing. everybody said, you know, they go after them for being anti-american. well >> that's garbage. >> america has to get themselves into a position to compete.

>> you know who else has a targets on their backs, hedge funds. ing aer jen one of the top ten holdings of hedge funds, a popular name, you know, along the likes of valeant and malencroodt. they are going after the hedge funds and i'm not saying feel bad for them, but i'm saying that's how the chips fall. >> a lot of the hedge funds, who do they run money for, pension funds? >> that's kind of cutting off the nose to spite their face. i completely agree with pete. i don't understand in that it's a global world. that's so clear and, you know, we talk about trade packets all around the world and yet we have this ridiculous structure that's so antiquated and -- i mean, we can't compete. >> well, they call it unamerican. i mean, it's actually the complete opposite. there are a set of rules. people look at the set of rules and then play within the rules that were set for it. there's nothing -- that is about as american as it gets.

it's not un-american to play by the rules. you said it. they are acting on the best interests of their shareholders, so for the president to come and use the word insideouts. a lot of things that are insidious, but i don't think this practice is. say what you want. i don't think you should be commenting about it. change laws, that's what congress is for, right? >> they are following the rules. they are actually following the rules to a literal "t" to their advantage and also if foreign jurisdictions were that awful, they wouldn't -- they would weigh the cost benefit of it and wouldn't go and then this other argument about oh, well we're going to turn ourselves into a guernsy or if we make tax rates so low that's also garbage because no u.s. corporation wants to be in a domicile that has no protections. if you make the tax code easy to understand and you simplify it and make it competitive, that's the fallout of this. it's very positive actually, not negative. if we get to that place i'm skeptical. >> still ahead, we've got the eight stocks that goldman sachs says are just too cheap to ignore. we'll tell you the names and which ones our traders think

could be right for buying. wynn resort shares falling after hours after the company announces results and some traders are betting on a rebound. we'll explain. you're watching "fast money" and cnbc, first in business worldwide.

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welcome back to "fast money." an interesting note today from goldman sachs citing eight stocks with cheap valuations that could see business ahead including bank of america, citigroup, citizens financial, regions financial, zion's corp and aig and lincoln financial, seem to be a theme here, energy and financials. any of these worth a look here? karen, what would you say? >> well, i -- >> bank of america. >> i hope they are worth a look because i have two of them. citi and bank of america i like them both but this has been the case for a while. having aations are extremely cheap. i think the bar is low because the yield curve is so flat, and we know it's not been a great trading quarter but the valuations i think are too cheap. >> any you think are a buy or you would say to goldman sachs you're nuts. >> we put it in an investment time horizon. owning financials here when i believe their balance sheets are largely in very good shape is a good trade for, you know, 6 to 24 months, a very, very good

trade. hess is a closer term, a 12 to 18-month term, best of breed, free cash flow, a company that's absolutely worth looking at now. >> pete? >> you know, i'm looking at these names and i'm with karen, owned bank of america, not quite as long as you have but i own it. >> sorry. >> yeah, me, too. but for the long term. it's okay. it's down a couple of dollars or something like that. you lock and mention the balance shows the. balance shows the for the financials are phenomenal and that has to be kept in mind and the pipeline is what's the growth going forward? >> right. >> the curve is likely going to help these companies. >> some day. >> now to wynn resorts moving lower after announcing preliminary results. one savvy trader says its luck is about to turn around. mike is breaking down the action in austin. mike? >> we saw two times the average daily call volume, and a lot of call buying and the most active by far were the week ending 97 calls, paying about $1.25 for those. over 7,000 traded, bullish bets risking a little over 1% of the

current stock price that could be up 8% by the end of the week. now that was as of the closing price. of course, we had the investor meeting tomorrow and maybe they will shed positive lights on this afternoon results which lock a little bit disappointing, particularly in macaw, and options definitely the way to play the bullish thesis on a stock that's moved more than 70% since its lows in january. >> thanks, mike. guy, a quick trade on wynn or you still chomping the tootsie roll? >> is that a bad thing. >> might be a bad thing. you could have waited five minutes. >> all i know is when mr. wynn, the old dude with gray hair, starting buying steve. >> steve. >> and we said there's a very good chance it goes to 100. put in 97 or so a couple weeks ago, nice call. what now? i don't know. and stop messing with me with my tootsie rolls are, sister, because they are very good. >> i think that's a short-term top and i think the company is actually doing okay but the macaw numbers have stabilized, and i think that's very much in

the stock price. i actually short it had had a little bit with at stop around 108. >> full show "options action" 5:30 p.m. eastern time. final trades up next. i'm here at the td ameritrade trader offices. 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 and 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. td ameritrade. e*trade is all about seizing opportunity. and i'd like to... cut. so i'm gonna take this opportunity to direct. thank you, we'll call you. evening, film noir, smoke, atmosphere... bob... you're a young farmhand and e*trade is your cow.

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final willy fast but not least. viacom may have been lost but the company sold the rights to the dance company south train and we got a sneak at the first episode. there's sumner redstone getting down to the funky beats and there's the health care proxy chairing him on. who says they have lost touch with the youth market. >> he moves pretty well. >> oh, man. >> he's like 90 something. >> he's up there, but he is up there. >> must take like the geritol. >> same thing i take. doesn't work that well for me. >> final trade, pete? >> coke, ko, talk about it at the desk all the time and when i saw the options there today as well, even though at highs, it's going higher. >> tim? >> done cornelius was a jeanus. i shorted wynn today. that's the stock. 108 is the stop. >> karen? >> good enough for goldman, god enough for me. bank of america. >> guy? >> whatever sumner is having,

baby. >> winner. >> pfizer. >> that's a different thing. >> heim melissa lee. see you back here tomorrow for more "fast." moantime, don't go anywhere. [ bell ringing ] my mission is simple. to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere. i promise to help you find it. "mad money" starts now. hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends. i'm just trying save you some money. my job isn't just to entertain but to educate and teach you. call me at 1-800-743-cnbc. or tweet me @jimcramer. why is investing so difficult? why can't everyone just make money owning stocks given