>> and great entrepreneurial success story. it wasn't what they thought. went out with it any way and look where it is today. >> far short of what they want and now, it has transformed the industry. very pap happy birthday. thank you if for joining me this hour. "fast money" begins right now. "fast money" starts right now. live from the nasdaq market overlooking times square. your traders are -- tonight on fast, the man who said buy the brexit dip is back and he's got a bolder call. scott brown will tell us where the best opportunities in the market are igt rooigt now. plus, elon musk saying he'll have an update on autopilot some. and later, a prude warning to the world. oil hit iting a two week low in and flirt wg a key level. we'll tell you why trader rs so concerned, but first, we start off with trouble u in what has been a hot trade.

the cloud. check out sales of salesforce despite beating on the top of the bottom lines. draggi indown it, oracle. about the to burst. dan. >> well, bursting in salesforce.com. this goes back to i don't think this was a big miss and i'm surprise d just on the numbers they reported and guided to that the stock is down 8%, but i think it goes back to june when you think about microsoft's $27 billion, $26 billion acquisition. for linked in and we found out reporting soon after that crm wanted to make a bid. wanted a big hire, but because microsoft's bid was in all cash, it was superior and they probably saw a greater opportunity to stay independent, so to me, if you're an investor, you start scratching your head at the potential for deacceleration and the guidance they just gave for the next quarter then say what was the need to make a $30 billion acquisition. >> all right, session lows by the way op crm in the afterhours

session, it was a guidance. take stock down. >> this is exactly what happens when a stock multiple gets so far ahead of itself and the expectations are so high. they continue the to grow. they are a leader in enterprise software. i don't thisee that changing. there's a lot of competition and the asupgs these guys were going to continue to be one step ahead of everybody is not one you can make. somebody like microsoft, i have been somewhat negative on their ability to convert their current base and all of their business to microsoft 365 and all of their cloud business. i think they're taking a lot of market share. there are major competitor and in fact, if anything, in gives room to get more excited about microsoft. >> the context of this is that in the past month, technology has been a real gainer in the markets and this stock has been shopping along here. >> actually chopping i long but near the 52-week highs. somewhere around 82 or something. >> 84. 48. >> the stock was about 79, $80 a

share. when you trade at that multiple, you have to not only impress, but blow people out of the water and you've got to show them, hey, this is what we did, but we're going to do this in the next quarter. i think this pullback is a great opportunity it is high, but if you look at the cloud space right now, it's microsoft. it's net app. all those that are either in the cloud somewhere in vir yulization. all these different names. when you look at multiples, that gets scary and obviously, salesforce, they're an aggressive acquirer. yeah, they were looking add lipged in, but made more acquisitiak wii sigss in 2016 than in 2015. they're. he really is pushing envelope as far as he can. >> pete would buy the dip. >> i think 72.5, 73 is where it traded down back in may and bounced from there. 74.5 was a big level, but i

would adpree. take a little guidance. i don't necessarily think it's the guidance. guidance was sort of nowhere to be honest with qulou. i think it was the deaccelerating revenue growth quarter over quarter. first quarter growth, 26.9%. 23.5%. i think people maybe get a little confused, a little disappointed with that. to the point though about valuation, it matters only when it does, which is now. but if this stock can hold to 72 pnts 5 level where it bounced on big volume tomorrow, ui think yu buy. >> so this is not necessarily a cloud problem. >> i think you have to go back the last spring. may of 2015 when crm made new highs. rumored that microsoft was going to pay $70 billion. so you have a situation where microsoft has turned the page and there's few people that could acquire sales force, so you've gone from a situation where they were potential take over bait and now, they are going to have to be in the acquisition scene and i think

that changes the dynamic when you give them the valuation. >> what's wide of the net now? the best cloud play. across the board, bring in alibaba, china cloud r, oracle. microsoft. salesforce on the pullback. >> you can start to get into stuff that's esoteric. the core cloud plays would be microsoft, amazon, salesforce. i think it's microsoft. windows azure and outlook 365 are things that i think the average user, they're come nating and think wbt where these guys can trn sigs their business. i think microsoft's got the edge. >> amazon as two and keep an eye on cisco, who's trying to get more into that sort of space. so, you look at those names and once common denominator is valuation. look at yield. cash flows. all those things come together. amazon is its own animal. >> the reason why i wouldn't put

amazon number two is because cloud services is still such a small part of their overall revenue. it's going to get there, but right now, it's not. i think sales force is number one. i think microsoft, too, this is going to be a crazy comment. if ibm could figure something out, they could be a big player in the space as well, but -- >> that is. >> not totally crazy. >> that's something, but they've lagged so far behind for so long. >> oracle didn't really make it in there. >> yeah, well. >> possibly. >> do you want to revise your list? >> just because pete says something. >> no, just -- >> so, listen, he is the man. when you think about it. when you get past those upper echelon ceos. he is right up there, so i think if you have this stock back at 70, i suspect it bounces, but i think you guys in microsoft, ynk you're going say this was under balmer. microsoft is horrible at acquisitions. hold on.

they want to keep this. the justification for the linked in deal is really to kind of propel some of these other cloud businesses. kind of widen out their scope and i just don't think, i don't see i. listen, they have a ton of cash and can make $26 billion mistakes. but look at tokyo. skype. >> was it $26 billion mistake? >> i think you mi mae find that. >> i think balmer has more mistakes. i don't think this one is. >> linked in has a monoly for the space. the enterprise space i think microsoft -- >> it's mass i havely unprofitable company. on a gap basis, they were losing money and they had to sell. microsoft is the opposite. you're going to have a -- >> have to make this acquisition. >> i think this gets down to a place where it's complimentary to a part of the business that's growing and this is just another swing. we don't know about linked in. but to say that microsoft's a failure. >> you're saying it's bad.

>> that's a pillar of your story. remember what azure is. a public cloud compete iing wit akson. it's basically the same services we're selling before. and now, you're paying a subscription for it. to me -- >> yes, because you could be online, anywhere. it's very dimpt. >> just say wheng we get to a situation where we could be starting to see some of the rack cracks in these higher valuation names. microsoft high value? >> you tell me. what's the growth look like and what's it trading on a pe basis? very expensive to itself history. palo alto got creamed. seeing salesforce get creamed. >> i agree. >> it's not -- >> $26 billion. >> palo alto versus microsoft, it's comparable? >> jaus made the biggest acquisition they've made and investors are going to start to consider how they're using their capital. their corporate cap rall. >> i understand.

but i don't agree with the palo alto comparison. >> we should implement this game. if they're watching back in d.c., they should create a deco. >> let's cast a net. >> they're watching. >> discussion. >> where do you stand on this? >> what game is that? >> microsoft. >> listen, i understand what they're saying in terms of microsoft. i think microsoft has propelled themselves into the next level in terms of stock prices. i think they're way ahead. we can agree to disagree. >> ipg salesforce is beginning to matter, but i give them one quarter leeway. if it holds 72.5, i think you buy it. >> is it the top? any way, we should note salesforce ceo bb on "mad money" tonts. earnings just one reason why our next guest says it is time to buy stocks and you want to

listen to him because when he joined us post brexit, he said buy stocks and there after, we saw 5% pick up on the s&p 500 through july 10th and on the 11th, the director said stocks are the place to be and the s&p 500 ramped up to 2.5%. scott's back again laying out the case for large cap stocks, so, you see the markets going higher? >> melissa, i think probably over the september and into the middle of october period, the right way to think of it is we've gone pretty much straight up. you're likely to have a correction. i think that 2550, 55 area in the s&p is really good technical support, so if we get anything naer that, certainly, we're going to recommend buying stocks, so ik in the end, the stock market, the s&p 500 is going to end higher than where we are now. we're going to see some higher highs as we go through now to probably the middle of next year. >> you're basically saying over the next month, month and a half, we're going to see chop, see a pullback to the downside, what do you say to buy? >> i just really don't think we're going to five, 7%,

something like that. and really, you could trade down 5% in this market on just total noise. so i don't know if you really need a great reason to do it because it's pretty much been a one way street since post brexit. but i still think industrials, consumer discretionary, technology, we also like hello care, which is more defensive. those cyclical sector, i think that's the pattern we're going to see play out over the plans of this year and into 2017. >> i guess the big question could be after the month we've seen for the financials, what about financials, is it time to dip your toe into those as well? >> i tell you. for us, wefr been even weight financials and it's been a decent trade back back and forth from time to time. but for us, i mean, we want to see higher inflation. we want to see better long bede mohannad, better gdp growth and i don't think any of those are in the cards as we look out over the course of the next four to six months, so as far as our

analysis tells us, even weight's fine, but we don't want to be piling into financials. >> going to leave it there. great to speak with you again. >> thanks, have a good night. >> you, too. all right, so, say we see that dip that's scott talked about. september, october time frame. what would you buy? >> i think the 20 15u level, the huge is 2154 or so. last may's high. number two, i think the industrials are -- when we went away for the olympic, defense stocks were tradingal all time highs. the month of august has been a disaster for these names. i think you're getting an opportunity there and if this stock market trades down to the 2050 level in the s&p, you'd be able to buy a lockheed martin at 225 for the first time in a long time. >> dan. >> i don't think the fed is going to raise rates in september or november. i think that's going the keep the bid on the s&p and i think you b probably get volatility at the election in november, so either a sell off in line with

what he's talking about. probably 2050 is the level that i see on the chart. that's the 200 day moving average. just buy the s&p. >> if we have any inflation in this market, which is where the fed is if anything seeing not enough to get to the 2% target, but we all see otherwise, that's going to be good for corporate profits and this is a big deal. as we get into third and fourth quarter earnings, i think we've hit the low. so, what do you do? zpl we've talked about the cyclical names. also, het care. get back the being defensive in places where you have proven earnings growth that's working. airlines and rails to me are the sleep ers here. these are the names, especially the airlines. so beaten up. valuation makes sense and they will pick up if we see inflation. >> are you going to agree with everybody here? >> i think what you do is exactly what we did in brexit, which is you looked for the great companies with growth, with great fundamentals that are getting swept out along with it. tech, i look at these names, ipg

most are very inexpensive. they've got great cash flows. the fundamental businesses are good. they're growing in revenue. growing in earnings. when you look across one of the biggest names i brought up on monday was cisco. i love that name. i continue to love that name. and it probably gets swept down if the market goes to the levels he was talking about. i'd go right into that. >> up next, deutsche bank is surging and taking the rest to have european banks higher along with it. does the world's most dangerous bank finally out of the woods? and twitter's flying high on rumors of yet another takeover and the rally sets up the teenage for one of the most reliable strads of the year and later, elon musk saying he'll have an update on tesla's autopilot system. phil lebeau is monitoring the story. much more "fast money" after this.

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welcome back. let's get to our top trades, a special rumor mill edition. first up, deutsche bank. rallying on news the bank may will exploring a possible merger with commerce bank. but the ceo speaking in frankfurt denied those talks today. in the past month, we should note deutsche bank shares have surged more than 9%. of course, still down 50% over the past year. zpl not bad news. people want to see them get their rh ratios up, cost go down. the idea of a mernl eric makes a lot of sense. i think it's important to note also that the swiss banks are rallying pretty well. ubs even barclays has made up a lot of room since brexit, so at least not in the death spishl anymore and i think that's probably a reason for gets them back to the death spishl. lets a lot of people think --

away from being something more. these die gueyes did a debt buybook. i think there's another in the cards. the difference i think their capital position is much better. every month that goes on, these guys push out maturities and their ambulanbalance sheet's a . expecting it to be a zero and i think you have to be careful. february 11th, down 18.10, looked like the world was ending. got a few headlines that day. deutsche bank, post market, jamie dimon buying jpmorgan stock. >> bottom. >> in a lot of ways, but i think there are a few headlines away. not to say you can't trade 15.5

or so. >> your brother buy it for a trade a month ago? >> he did. >> i think he's okay in it. >> still in it. >> as far as i know -- >> have you been? >> no, i still think they have issues. in front of. >> next up, another big day of gains for twirt surging to the tune of 5%, this time on rumors googing may be looking to buy the social media giant. >> we did digging here. looked at several other major twitter takeover rumors. it turns out in three of the past four instances, it's presented the perfect opportunity to sell the stock. pete. >> i own some calls in here, so i was happy to see this. at times, these rumors come out. she floetd that out there.

>> didn't really float it. >> set the right things. said he is backing jack and his fellow members. the service, how unique of a service is. i think we're going to see that this fall with their new nfl, the location and the last thing you said real time search. i think that's why people were attaching google. >> didn't he say we must ponder this idea? >> that's the fe dush yar responsibility. >> want to see this thing get ramped up here. nothing to do with that. i have nothing to do with the fact this came out today. i like that. negative take. >> it's really, i find it interesting. who would want to buy them? who's got the money to buy them? who would continue to update this thing? >> they haven't bought yet. why now? >> been stuck with 300 million. >> you're not owning twitter.

>> still ahead, tesla's planning to raise more cash and elon musk has an update on the autopilot system. what impact would it have in i'm melissa lee, you're watching "fast money" on cnbc first in business worldwide. here's what else is coming up on fast. >> oh -- it's not true. that's impossible! >> that's what investors are saying and crude, which continues to tumble and is now facing a crucial test. we'll explain what this is. plus, here's what vanguard says could happen to the bond market if the job reports come in stronger than expected and we'll tell the stocks that could be most at risk when "fast money" returns.

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time for a move of the day. oil hitting its lowest level in two weeks, down more than 3% on the back of supply data from earlier today, so, is the oil rally over? guy. >> feels that way. not that seasonality means anything anymore, but december has been a month when crude goes lower. see if that holds up now. ovx, even with the move in cried owl, still at 40 bucks, give or take, which is off the all time highs, but still ill vatedded. if you think it can go down the 38.5, that's what i think is going to happen. >> every time people think oil's going lower, it's the time to buy it so it's not the time to buy it now, but if you look at the chart, oil has defended itself at the 200 every time. i look at brent, around 51. i agree. i think the upside is somewhat limited. but you should be trading some of the high beta names if you're a trader.

if you're not, everything i'm hearing, the ap and -- who cares. really in the short-term, these numbers are noise. production is coming down in the u.s. and that, the fact of the matter is that every time price go higher, inflation goes up. that will level off the supply and demand. second half of 2017, i i bet we're in a deficit. >> it amlmost doesn't matter if oil sort of treads water here. just can't go back down to the levels it had been at. >> not too far, but i think it could go lower in the short-term. i think in the longer term, i look at the xle. i'm in the january calls in the xle. but shorter term, i think there's no reason we couldn't see it go lower. you look at xle on the chart, it's held up since april. still ahead, elon musk tweeting about a potential update to tesla's autopilot system. any ideas on what's to come? >> he's going to be updating us

on the new awe poe pilot software. and melissa, how much money is tesla burning through and how quickly might it need to raise some capital? we'll talk about that when "fast money" returns.

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that's a wrap for august. the dow and s&p falling today and ending up lower for the month. the nasdaq was lower today, but managed to close out the month 1%. energies pulled stocks into negative territory with oil falling more than 3%. here's what's coming up in the second half of "fast money." it's been a rough market and the jobs report on friday could mean there's more trouble ahead. greg daifts weighs in later this hour, plus, a shake up in united and shares soars this week. we hear from oscar munoz on what's ahead later on, but first, a developing story on

tesla, elon musk today saying he will announce a key update to the autopilot system. this as the company says they are going to raise money. phil lebeau has more. zpl that update is coming sometime today. although when i was asked earlier today by one of our producers, when is it coming, it's elon musk, mike coming at 11:00 pacific time tonight, but he says it is coming. it's likely basically to give people a better sense of what the changes are with the autopilot system. let's talk about the liquidity. they got a fair amount of attention today. the company s 4 finally and they outlined the plans for capital raise, credit line of 678 million, they've got to cover convertible notes on the third quarter and planned capital expenditures for ramping up production that's another $1.75 billion that will be spent in

the second half of the year. it comes down to this and they wrote about it in their s4 filing. to provide a company with filings based on its current plans to least the end of the current year, tesla is planning to raise funds by the end of this year including through potential equity or debt offerings. take a look at shares of tesla, under pressure for most of the day before they started turning slightly positive late in the day. as for the update, as you guys realized, the tesla autopilot system relies primarily cameras. mobile eye is one of the key players for the current system. the belief is we will hear from elon musk is that the updated system which will be pushed out to an overly air software update in the coming weeks, will likely enhance the vision, so to speak, for the vehicle. they don't have light ar, but might be working with some suppliers so it's not strictly a vision based system for driver

assist. that is the expectation. we'll get final details when elon musk releases what the update is all about. it is coming today. >> on elon musk time of course, but a couple of questions here in terms of the capital. a few weeks ago -- >> a small nuance, have to raise money and everybody's expected that giffin expenditures, now, they are saying we will be going and asking for some type of capital raise. whether through an equity or debt filing or both. >> sure, then with the over the air software update, that's basically a new version of the software. if it's over the air, phil, can it include lie darr in the new systems? because that would imply it's natural production improvement in future models. >> it will not technically be lidar, but they could do an enhancement that would give the vehicle more of those qualitieq,

in other words, it is specific and it would not be in the vehicles. you would need to have some kind of true hardware fix in that case, but they believe they can make some changes here that would improve the reliability of the system and how it functions when it's out on the road. >> there's some chatter a couple of days ago. i'm shooure you know this, beca you read all the tesla plogs, that it could be an improvement in terms of safety of autopilot, in that it would have a higher standard for drivers to reengage after they've missed a warning by touching the steering wheel. zpl that's been the big speculation. tesla has data on all of the near misses that have happened with these vehicles that have autopilot, so they can see as they look at the data. not just from the accidents we've reported on, but other, they can say how many times have we had people have near misses here. what's the problem here.

up the antiin terms of saying youf got to be engaged. froms. >> all right, phil, thank you. sure he's refreshing the tesla blog website as we speak. so, what do we do with the stock? it's on track for hits nirs negative year. almost september. first negative year since it went public. >> it's a you know trillion dollar idea with a tremendous cash and execution risk galore and the guy who's announcements are a lot like the feds. is anybody list ping in these things have been all over the map. every time they reported operation or second quarter earnings, they missed on a number, so, stocks not died where it is. it should not be valued where it is. >> and it never has, in your view. be clear on that. >> i never really thought it was earnings. i understand at some point, i don't think it is now. the stock has traded well with every rate they've done.

this one's squishy. the 215 levels. >> like rain man. >> i still think you have to trade it from the long side, sort of close your eyes and hold your nose. below 210, below 208, starts to get dicesy. >> it's traded well in every cap raise. in this cap raise, there's a solarcity attached. is it a different context now? sfwl since august 1st, the stock down 10%, that was the day they confirmed they were paying $2.4 billion to solarcity. you have to remember this, this is a company that's expected to lose a dollar in adjusted basis, $4.5 on a gap basis. every time they do a gap offering, that's further dilu diluted. lots of execution risk. can't get the fact vis, have to raise more money. >> all right, so, there was actually some bullish activity

in the name as well today in the option pit. >> are we doing this now? >> yes. >> feeling prepared? do you need a minute? >> can i get a heads up? >> what do you mean, a heads up? >> careful. i will talk about this today. so, there was a large call rule in ok expiration when the stock was trading about 210 after the opening, there was a closing seller. 255 calls at 52i cents an bough to open 10,000 of the 235 calls. that cost $1.45 million in premium. even it up at 236.97. here's the thing about identifying the trade like this. it's not exactly a bullish call. those october 235 calls, they break even at 13%. the options market is only saying there's a 13% probable thety those are in the money, so that's not a very highly

convicted bet and sometimes, you have to think about it this way. that could be somebody hedging out a 1 million share short position because that would be effectively putting a buy stop in on that sort of position between now an october exploration at 235 a. i want to go to the short. it's had a lot of support around $200. there was a 180 level that was really important going wak a few years. but this is what's going on. this could be a first year that the stock down since its 2010 ipo. we know there's a ton of support at ta t low from early february, but there's a big gap between there and now, so here's the thing. i mean, i think it makes sense to define the risk. if you're looking to make a bullish bet. but i don't think you'll look 13% out of the the money. zpl you didn't take a picture of can. >> it's a defined risk trade and the implied volatility is as low as you've seen at tesla for a

very long period of time. >> this is a stock where i think you're just a bad headline away from -- >> i'm amazed with it. i agree with you and we just came through the 200 day moouing average and we've only be down there before during brexit, short-term, then right up above it again. given everything that's tloup at tesla and the fact is stock is still hanging in there, but the buy volatilities are still low, so it gives you a great tupt to participate like you were saying to the upside. >> for more, check out the full show 5:30 eastern time on friday. still ahead, it's been a brutal month at the bond market. plus, two major buzz kills in today's session. are the traders buying either? we will find out live on air later this hour. much more "fast money" still ahead. tsnd as a vested invtor in vests, i invest with e tre, where investors can inveigat and invest in vests...

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welcome back a. it's been a brutal market. just despite what has been a strong year for fixed income and could get worse. for those details, we turn to a guy who's never had a bad monk. hi, dominic.

>> i have bad days just like everyone else. the same is true of the bond market. ten-year treasury notes. that's just august. the those who are jockeying for position. cme group's fed watch tool -- 47% of a september hike. i remember on yesterday's show when mohammed said it was close to 60 to 80%, so something's got to give. as for the other part of the band market, the major negative ha v seen similar maturity bonds finish not far where where they started. but like in the u.s., they're still positive yields.

the big jobs number on friday, we could see a lot more action especially if it justifies. also be watching for a picture of the yield curve and of cou e course, what it means for those all important bank stocks. now back to you guys up in times square at the nasdaq market site. >> thank you. >> never had a bad day. >> never. he says he does. first of all, it's nice. >> really hard working guy. >> pro. >> sorry. >> all right so -- in terms of the -- zpl i understand the bond yields have risen since that 132 low or so i guess we saw in february, but look where we are, ten-year yields are still 1 57b9 58, 1.57. i still think they're trending down. i understand the spike has been violet. i still think -- despite what

the fed -- >> answer that question, scratch your head. >> that's good. >> all right. if the ned raises rates, in september, do bond yields go higher or do they go lower? >> higher. >> for two reasons. >> they have the normal relationship despite what other central banks around the world with doing and despite the run up we've seen in yields. >> has to do with other global -- and they're not going to recognize them. the point is that if japan is running into, it's not working and you can see what's going on in europe. putting pressure. the bottom line there's a global bond market that actually, the best, the tallest small person out there. >> bottom line here. fed will be acknowledging that

there is growth and i think there is some implicit inflation in the economy. and that to me should send bond yields higher! if we see a blowout jobs number on friday -- the biggest bond manager has that scenario on his watch list. great to have you with us. >> great to be with you. >> the bond trade is perhaps one to have most crowded in the world. on the part of institutional investors, retail investors and central banks around the world, so what happen ifs the fed does raise rates in september? zpl given the fact the market's only pricing in about a 36% chance of a fed rate hike in september, i think it would be some sort of a surprise. we still think our best case scenario, we think there's a high probability we see a september hike. >> do you think that if it's

300,000 that people would diskoupt that number because it's such an outlier? sfl if you look at the historicaldeviation of a payroll number, clearly, that would show significant strength in the economy given the survey is about 180,000 jobs. that would come as a surprise and raise the probability of a rate hike in cement, but that's not our best case. >> almost sounds as if you're saying it's not likely they're going the raise in september, we're not going see that out of bounds that we might otherwise see. if december, does that map that happen. >> i think you'll see potential repricing of the short end of the yield curve, but similar to what you guys were discussing in the prior segment, you have this global phenomenon going on to where rates around the world with low and if you look at our 30-year government bonds, you

look at that relative to a germany, which has a 46 basis point yield. the u.s. market still looks attractive to investors. we think rates have room to potentially stay or maybe even grind lower at the long end of the curve. >> how about credit spreads? and ultimately, credit spreads have been tightening and it's telling you about the health or maybe just there's more liquidity in the economy, but do we continue to tighten or is the fed going to also start to change the tone of what's been actually a very nice run for high yield and other credit related problems. >> i think we've seen, we've been in the cycle where when ever the fed speaks more hawkishly, we've seen a wienning of f credit spreads. to the extent the fed becomes more aggressive, that does typically not bode well for high tax spread. that's not our call. if you look at ultimately, where spreads are right now in terms of investment grade space, we consider them in the fair to

slightly rich camp, so we wouldn't be in a place where we want to have a huge overweight to investment grade spread. we want to be b closer to home. >> thanks for joining us. greg davis of vanguard. music to your ears. two peas in a pod when it comes to rates. >> with one g. sometimes, two at the end. i do agree. tim said when you asked him a question, where do rates go, he said hire. see, i would push back and say maybe really short-term higher, ten year and ten year out. two basis points now, it becomes problematic. i guess 80 basis points. >> if you think we're going into recession and that's the case. i think the trade into friday is the fact this payroll number is going to be weak. citi has a great note pointing tout august payroll number is about 200,000 johns once and the

average is 47,000 if you strip out sempb negative prints in 19 years, so there's seasonal here. >> you buckling in on the financials? >> it means that i'm in, but why not could we not just surprise people? because the negative. you talk about august being so weak for so long. i think people are not expecting that. everyone's expecting this to be a decent number. lines you up for a strong payroll number, for the fed. that's what the financials and the cyclicals have done. if anything, the market is off sides for a strong number. >> still ahead, hain getting whacked today. the desk weighs in, plus, united airlines giving back some gains after soaring yesterday. we hear from the ceo just told jim cramer right after the break. you're watching "fast money" on cnbc. first in business worldwide. have to be very precise. if we're not readyn th anets are rfecaligned, that's it.

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that was united koent nen tall ceo. he was hired away from rival american airlines. the news sent shares soars just yesterday. what do we make of this? had been called one of the best revenue managers in the industry. by credit suisse. >> wasn't this your final trade yesterday? >> i don't think so. >> i think you were pretty bullish about what was going on and i think you've been in some of these stocks, but i think this is a very impressive move. they're finally moving many the right direction for united to catch up to the rest of the folks. >> you said earlier, you like airlines. >> a little tease. there may with be one in my final trade. zpl i'm going to tune in now. totally tuning in. >> regional. >> i think what they're doing is showing some capacity constraint. starting to get these numbers back in line. the earnings multiples are spresing in this economy if you think we're not in a recession.

>> check out the full sper view with oscar munoz coming up. that is at the transportatiop o in addition, marc beniof. those stocks sinking. accounting problems pile up delaying earnings report once again. and macies is falling as the sec questions why it's dragging its feet on selling off its real estate. or if this is is significant part of the business why it doesn't break it out. so would you buy either of these? >> he's a great operator, but when you delay a 10 10krk -- >> this is after the delay of the delay. it's never a good sign. valuation is reasonable, but with these headlines, it's not b about valuation now. it has to hold within a kouchl percent of where we are now. i'd rather them come out where ever is happening.

the short answer is no. >> that's going take a lot of time to get all that information out there. i don't think you take a shot on it. we have the sort of headline, that it had today. probably in the low 30s if you believe the potential for consolidation. >> all right. coming up next, final trade. stay tuned. i'here at e td ameritrad trader offic. stev oer than making me move stuff, whre you working on? stev oerlet me show you. me move stuff, r thinkorswim tradg plform aggregates all the optionsata okay. you need ione place and lets you visualize that information for any options ries. ok, co. hang on a second. you can even seehe anticipat range of atock excting eaings impressive... what's u tim

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three of final trade. >> i'm going to go with whole foods. saw some call buying in there today. maybe we see a rise from here to november. >> that final trade, delta airlines. >> very interesting. >> ris reversal. >> played tim's bounce, i think you see 34. >> hi energy. >> what does that mean? how do you spell that? according to you. >> i tell you what, i'm going to

get frick seed for this, but if shares hold 72.5, you buy the stock. >> thanks for watching. stay tuned. "mad money with jim cramer" starts right now. my mission is simple. to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now. hey, i'm cramer, welcome to cramerica. other people want to make friends, i want to make you some money. call me at 1-800-743-cnbc or tweet me @jimcramer. remember oil? remember how it drags down stocks when it gets hammered? that linkage cam