>> a big tech company. >> that does it for "closing bell." a lot of fun. >> it was. >> we will see you later tonight for "nightly business report" on pbs. >> that does it for "closing bell." "fast money" begins right now. have a good weekend, everybody. >> "fast money" starts right now! live from the nasdaq market overlooking new york city's time's square. i'm 34e78 lisa lee, our guests are tim seymour, karen feinman and steve grass so 679 will it be a major boone for the big banks. >> we got that details. mcdonald's soaring to new high after new high, we'll tell you how can you buy the stocks for less than the cost osf a minute ago mac. amazon, microsoft, all set to report earning also. we will tell you the one stock that can down the whole sector. next, we are 48 hours away from

the french election. michelle caruso cab cabrero is the ground with more. >> reporter: in each command, roughly 20%. when you cake into account the margin of error, it's neck and neck. maybe pollsters are not talking a stance t. woman on the far right, marine le pen, she's the reason we are here. she is anti-euro. she is described as far right. her economic positions are pretty left. she wants to nationalize industry. she's very big in the state interventions. she wants to lower the retirement age. she wants more social welfare. the markets are very, very worried about her. two guys in the center, both of these people believe that the markets actually serve a role in helping to distribute the

nation's resource. fillon is very conserve tiver. the markets like him. especially on the far left. there for a reason. jean luc is a full on communist of hugo chavez. he wants to reduce the workweek here in france, which is already low at 35 hours. here's the consensus on the polls about what's going to happen on sunday. the believe is is that marine le pen and centrist will be the final two that face off two weeks from now. when that happens, macron will win by a landslide. nobody here believes it. they're so worried after what they saw with brexit, after what they saw with the united states and donald trump surprising everybody. they think there are surprises in store for this election, especially when the first round is so close, melissa. back to you. >> what are strategists saying about the impact of the

terrorist act on the elections? >> reporter: so the terrorist attacks that occurred last night about 48 hours after that, marine le pen has run on security on increasing the military, on supporting the borders and on much less immigration and trying to eradicate what she believes are very radical islamic mosques here in france. why we believe that a political presence here that she benefits. but fillon, the guy that likes mark thatcher. he is strong on security. they believe he may get a boost as well. but certainly, it's a key issue ever since we saw that first attack on dollarly hebdo in 2015 and bataclan. it's atop of the lest of minds. >> thank you, michelle. live on the ground in paris for us. we have a potential government shutdown over the markets. >> that comes to a head next

friday. oil coming to $50 bucks a barrel in a month. we see mixed reaction from investors. despite all that, the stockmarket has been relevant testifily steady, just about 2 % away from all time highs. so, are we whistling past the graveyard, tim seymour? >> i think we could be. you think about the connection we have over in greece. we were getting a headline about some guy that might be a prime minister. that's critical to the european union as france is. when you think about it, mcc did a great job of laying it out. if you get those two centerrists to be the front runner for the second round, does the communist who has almost 20% of the vote suddenly join the middle. if anything, the polls has been so up sidedown. the 56 was up today. i think whizing past the greater bay yard graveyard is a dramati

phrase. are the markets too complacent? i think so. >> i think the biggest buzz i have, i'm not a good whistleer. anyway, the point, over the last three years, you had all these major, major events that could have derailed the markets. yet they didn't. we're 2% from all time highs. so i think investors have been conditioned. so what, we have brexit, trump, all these things this year the market just ripped back. so it's hard to say, oh, this is going to be the one thing that re derails it. it very well could be. on sunday night, what you want to look for, though, for the markets to rally, you do not want to see marine le pen get above a 5% margin above anybody else. >> that would suggest that perhaps the margin of error on the polls were wrong and it may swing her way. >> is that the buying opportunity to say whether trump was a buying opportunity? >> i don't know. >> i probably think -- i would guess that's a buying opportunity if you see marine le pen start to pull ahead in the polls. i don't think you are going to.

>> but that's assuming that eventually macron or fillon will win, right? le pen won't actually prevail in the second round? >> i don't think it's a big enough event that's really going to derail us either, either way. >> i think it's a bigger event. i think it's bigger than brexit. brex brexit, otechnical uk has a very large economy. but they have their own, it was isolated. this is really a terrible find for the euro. terrible. maybe that's what the bond has been about in the last two weeks. >> don't you think everything up until now is a terrible sign for the you're wrote? don't you there i the writing is on the wall for the euro? >> i think the euro reflects a big threat to the euro right now. >> i don't either. i think if you think of the sequence of events, we can be kicking it down the road. the second runup on may 7th is the event we should be focused on. we will not know.

the polls are 40% difference. no way it's that wide. no way we finish there. i think it will be closer. >> that gives you a nice opportunity, though? you get the results and you think about things. at the same time, have you the possible government shut goundown, it could be a very treacherous week next week. >> it could, listen, there is a ton of events, a ton of event risk out there for markets. so what do you have to do in that particular situation? so one, you can buy puts if you want to protect your portfolio, so you can use stocks. yesterday i talked about 2320 on the s&p 500 being that level for me i would say, you know what i want to reduce exposure if we break below. that that's been a six-week support area. we had a lot of things coming up. it's probably why the market hasn't focused or been as jittery about a brexit. i agree, if, indeed, france elections marine le pen, that can be the biggest. >> that will no doubt be the big st event. >> is there a trading playbook in your head,tism, as we think

about monday? or is it still too unclear having the first round results? >> i this i the first round results are macron is one of the two. he at least emerges in a tie or slightly better than le pen. markets will rip higher. you can own the european union and the fact that europe is 1.5% off the all time highs. this is in currency terms the euro will have room to run. it's not a place to get complacent. that's what we are saying here, folks. i think there is an opportunity to actually make some money next week. although, i'm not sure you will get a big opportunity on monday. >> we had a huge rally. do you take profits? >> i bought from goldman sachs. i sold it today. banks are ready. it's a bounce on that overdone. earnings report. so do i take profits? no, probably not i hope that happens. all right, we have a news you a lirt on fear frs. let's go to seema mody in the newsroom. >> >> reporter: we are detailing the progress made in the respecting program, evaluating

bids for real estate property in excess of $700 million. it's in seductions with lenders to evaluate refinancing options. it's annualized cost savings target increasing from 1 billion. it sees positive first quarter net income. you can see shares just up a fraction right new after hours. melissa. >> all right. thank you. it sound like it's somewhat of a life line they can take advantage of. >> they have been on life support for quite some time. we were just talking about it before the show. what a comeback it's had. i still wouldn't touch it. i think it's unclear. >> karen, they spotted it, 70% short annual risk. >> 17-o? >> 70% shortages. you cannot get in front of this trade. as far as retail, what this moans for brick and mortar and everything else, those reason thrown out. i think it's time to buy brick and mortar. everybody was worried about brick and mortar for the amazon reason. i think the back tax, those

issues aren't going away, amazon is not going away, it's overblown and i do believe that just for a trade you can be a buyer of these back tax. i cannot see back tax. >> i don't buy that. i think back tax, whatever is going to happen there, isn't going to be good, ultimately, we have this secular story, to me, there's way too many stores out there. and sears this is at this point, this is truly the sum of the parts, people are messing around, figuring out, there is a lifeline, shorts are out there. this is a chance to fade that rally. look at j.c. penney's, look at sears, the best of breed. there are balance sheets in nod stroms are fine. >> they are shrinking their own stores. j.c. penney's all the brick and mortars are shrinking their own foot print. they are becoming more efficient with their square footage. >> i have a question. i want to score some part of the news. they're high i hiring a new cfo effective immediately. an interesting announcement on friday afternoon after the

close. the second thing to highlight, eddie lambert own practically all of float of the stock. if we have a 70% interest, are they lending their own shares? >> i don't know, if they aren't and if they are. then they choose to not t. which is insecure. >> that is an enormous squeeze. if they choose to not. i don't know if they are currently lending. they probably made decent money lending it. >> this stock you can make a lot being short. >> they haven't been free cash flow positive in several years. this is a burning house. >> you talk about the sum of the part. they have been jettisoning. leverage the jet right now. coming up, moments ago, united announced changes regarding a ceo. we will tell you what they are and what it can mean for the stock. elon musk says the electric car company is on its way to being one of the most valuable car companies in the world. what is it basing it on?

mcdonald's up 70,000%. this is ipo 50 years ago. is there a way you can buy shares for less than $five bucks? we'll tell you how. much more "fast money" ahead.

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. welcome back to "fast money". a busy day for president trump signing off on a new executive order today to pay back the rule financial regulation and saying a massive, that's his word, tax cut plan will be unveiled next week. for more on this, let's go to eamon javers. >> reporter: you are right, a whole lot going on, first the president taking action on the three related items you mentioned at the top. the first is an executive order. let's walk through them in a row so you see what's what. the executive order is a ve view of 2016 tax regulatory changes made by the obama administration. they will go through and look for things they think might have been done inappropriately or correctly, including potentially the obama tax inversion. that's one to watch. also a presidential memorandum on a review of the orderly liquidation authority provision of the dodd-frank act. that's a provision that allows the federal government to seize a failing bank in the event of a financial calamity.

they're going to review that and issue a report on it and also an assessment of the financial stability oversight council lovingly known here in washington as s-stock and the designation under that. that has been a burn in the financial entities across the country. they will review that as well. meanwhile the president this afternoon making some news and surprising some folks in terms of when he will unveil his tax plan st here's what he said. >> he will be having a big announcement on wednesday having to do with tax reform. the process has begun long ago. it will formally begins on saturday. so do et. >> reporter: the president said the tax plan is going to be a massive tax cut. he has been talking about this plan for months now, but we'll finally get some details of it next week. according to president, there has been a little bit of scurrying here at the white house no figure out when this will be unveiled. some say wednesday-ish.

wednesday or later in the week. the president said wednesday so that's what we are going with. mem lisa, back over to you. >> eamon javers, at the white house, thank you. with deregulation on the way, banks may have as to plan by wednesday, it's a famous saying back in wednesday. they said wednesday or shortly thereafter, he said wednesday doesn't matter. it will happen. >> which wednesday? >> good question. good question anyway, we did see the markets react sluggishly. >> we saw yesterday was the biggest reaction. but i think it's enough of a whiff that something might be happening to get the banks higher. so you look at the bank etf, xlf, 20, 80, support for weeks in the market. you can buy the banks here on the idea that something may get done. i'm not saying it is, it's enough of a hint of a perception to get these things going. >> it's funny, we are all rational human beings.

we hear these. >> at what point do you sa i to yourself, they trot out official after official saying tax plan, tax plan coming soon. big tax cut. everybody falls for it every single time. >> that's why taxes are trading the way they are. let's face it. i think that's the head fake to buy. look at those bank numbers, few want to look at them year over year to the quarter, you want to look sequentially over the first quarter, first of all the wall street side of the business, it crushed it. it crushed the main street side of the business. long growth wasn't great. you have a place here you got a very interesting dynamic for banks. the chart on j.p. morgan. again, we said this, a break of 84 means this stock can trade back to the low '80s down to 76. >> let's get a news alert at united. seema mody is in the newsroom with details. >> an sec filing from moments ago, united continental says it's removed a provision that would have made ceo oscar munoz

chairman of the board next year, sucking he will not take it in 2018. they said say that are revamping the program, tying it to improving customer service. not sure how they will measure that. the news comes 22 weeks after the controversial removal of a passenger on a chicago flight. shares right now are just down fraction ally right now. back to you. >> seema, thank you. are you a shareholder? or do you like this? >> i do. i never they the chairman and ceo should be the same person. even jamie dimon. good for them for trying to do anything that looks good from a pr standpoint. >> i wouldn't be a buyer of the stock on there i have trouble buying all the airlines. if i buy one, i would buy spirit. jet blue. >> i think american is the one with the most upside when you consider a business that's turned the most. united was possibly the best of

breed. are their head winds? i don't think so. i would not be scared. if you see their numbers, they've reiterated their first quarter. their efficiency numbers are fine. this is something. i'm surprised we didn't show the footage of the guy getting dragged a off the plane. that's what's going on the last two weeks. it's not enough. >> there it is. you speak. >> they have to improve customer service. don't beat up your customers and the service will improve. >> that's news. >> right. >> so you know, i don't think you have to buy or sell united. it's the one that i thought looked pretty food this week was delta air lines. >> that i have a nice risk reward if you buy it here. still ahead the moment of truth, the biggest news on the sector. there is one trader having trouble. we will explain why later this hour. i'm melissa lee. you are fast money, first in business world wide. in the meantime, here's what else is coming up on "fast."

>> what they call big mac? >> i love big macs. >> call it whatever you want. if you many is the record moment mcdonald's, we'll tell you how you can still buy shares for the cost of a big mac. plus, elon musk thinks tesla can become one of the world's most valuable companies. incredible and perhaps true. we'll explain how when "fast money" returns.

the spotlight is on jobs because of president trump. he promised to bring jobs back to this country.

>> welcome back to "fast money". talk about tooting your own horn with shares of tesla near record levels. elon musk delivered a statement to employees about electric saying teslas that real potential to be one of the most valuable companies in the world, he added the company could see a tenfold increase in the value of its shares, that places market cap at around $500 become. roughly the same size as microsoft. can we imagine when tesla can be among the world's best valuable companies. tim says no grass o, what do yo think? >> guy points out short interest in the stock. it's above 25% shortage. >> that adds to the gooseing effect of the market action. but when you really look at it. you get a software update.

this is buying a laptop. i mentioned that. then if you could have a software update six months after you bought that laptop, you'd be good again. no one else is buying cars. you are buying a computer when you buy tesla. that's working for him. he is all over the map. >> this is a company that will bunk $2 million. they are getting to a place where they will be cranking out vehicles. >> i agree with you. the point is, the market doesn't care. we've seen that. it used to care about production. number, it doesn't care. >> i would imagine a tenfold increase in this mark cap. have you as to make the leap that it is a what a technology energy company? >> yes, precise. >> elon musk was over a ten-year period, too. number one, it should be a 10x because of the risk you are taking now. think about it. to me, you are making a bet on the getting oil out of the electric grid. so if you said, okay, is tesla going to be the exxonmobile ten

years from now? potentially. i mean, that's the bet you are making. yeah, i don't think he is that far off. >> is the exxonmobile, gm, apple, kind of company rolled in one? >> now you got steam jobs. >> those are like five and 12. >> today. >> you got to put a very, very giant number on the rest of it. >> it's interesting. >> you can say the same thing about apple when steve jobs took over. you can't imagine what it's going to be like. to me, it's a venture capital type of play. >> in case you didn't know, today is mother nature's favorite day. oh, actually tomorrow it is. >> in the final trades, they are turning soft, that i can turn your portfolio glean. tim seymour, give us your stuff. >> mosaic is taik talking the macrois not great for this story, overdone. >> karen.

>> were oil is done, none of the alternative, some ar edge is doing a good job executing. >> for me it's back to tesla, right. the decompensation at tess louisiana good for mother earth. >> if you missed a himson, buy alibaba, your second bite at the apple. >> that does it for us. don't go anywhere. "options action" starts right after this break. the comfort in knowing where things are headed. because as we live longer... and markets continue to rise and fall... predictable is one thing you need in retirement to help protect what you've earned and ensure it lasts. introducing brighthouse financial. a new company established by metlife to specialize in annuities & life insurance. talk to your advisor about a brighter financial future. ♪ to err is human. to anticipate is lexus. experience the lexus rx with advanced safety standard.

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>> hey there, we will light up the nasdaq markets on expiration friday. we hope you didn't miss us too much. here's what's coming up on the show. >> well, it comes down to a few moments. >> next week is one of them from megacap tech. we'll tell you how to profit. plus, all those stocks on the left. there is something in the charts that suggest even more pain to come. we'll explain. and --