from friday. that will be one of the ways >> michael, thank you so much. that does it for us today on "closing bell. thank you, again, everybody for tuning in. "fast money" begins next "fast money" starts now. live from the nasdaq market side overlooking times square i'm melissa lee. your traders are -- tonight, the chart master says it's showing signs of slowing down. plus, happy birthday to the iphone turning 10 years old today just how far the smart phone come in a decade tim has a special report and later, nike and micron are on the move but first, we start off with a sell off in the markets and while the tech wreck grabbed the headlines, the real story might be manager bigger. check out the ten year the selling in the bond markets having a shutter, not just

through tech, but a number of others staples getting naileded even banks gave up much of yesterday's gain if rates continue to rise on fears of central banks, can stocks continue to rally or will with see another taper tantrum like sell off. >> i think if you go back to the taper tantrum of four years ago, which is when we coined this annoying term, the s&p pulled back about 5%, but bottomed literally almost four years ago today. other asset classes sold off 15%. we went from 165 on the ten-year up to 3% could duo that here? i don't think so but i think what you have here is the central bank across europe and across the boe. we talked about this all week. this has been the story all week not just today bond yields move up 80%. i think the it's a great environment for banks. for reflation trades i think emerging markets will do

better this time will equities be unnerved for the next week or two if this continues? absolutely >> what you saw today about 7:00 in the morning, bond futures really take a dive which meant rates were going up and s&p futures were up and just turned down. so this is probably a shorter term phenomenon. similar, maybe not as long as as the taper tantrum. i don't think it will be that long but you'll probably get some of the froth come out of this market we'll get down to valuations, where investors feel more comfo comfortable. what you're willing to pay for a stock based on what the interest rate is. we'll get back down to equal and it will be a chance to buy for me, i did take some stuff off the table. >> what? >> actually i took off my beloved tesla today because this was a very good winner for me. so i figured why am i risking that i took off some ge, which was a horrible trade for me and walmart as well. >> i don't think it's going to be taper tantrum type scenario

i think this was the end of quarter, not a risk off day if you will we didn't see the safety names really rally gold wasn't kicking off. repositioning across the board you know, munroney rotating outf certain technologies into financials based on the positive news we saw today or last night. so, not taper tantrum effect you've got a 40ish spread between where the yield on treasuries are and the average dividend yield is. now be i don't think rates yields, treasuries are going to get, skyrocket i don't think it's bogoing becoe >> look at today >> higher valued stock, which again, like technology which we talk about the qs selling off. megacap tech would sell off. came out, rotated into financials, that's really it and the quarter repositioning. this isn't the end of the quarter. you're making this out to be a

repositioning of portfolios when you've got two others. >> opinion on hughes >> bond markets around the world. it was a taper tan rum like effect not saying the rates are going to 3%, but to dismiss this, this is not a big moment for markets to evaluate that the central bank party is not going to be the same party >> there's something different that happened. rates, the move in rates was very big the commentary from central banks as tim pointed out was very big this is a change in the investment >> where does a ten-can year need to go before it disrupts?

>> the banks should have been up much more. >> doesn't do well in higher rates. >> is something different? what we have seen, it's not just today. >> it's been two weeks in terms of the move in the bond market world, it's a huge move that we've seen in just the past few days tim's been on in frochbt us now for the last couple of weeks number two, if you had this conversation last night after the bank stress test, you would have said up 20. at one point, they were down over 35, the s&p, which is fascinating to me. so i'm not sure that something has changed. the rhetoric clearly has changed, but i don't know necessarily the actions will change i still think maybe incorrectlyy

at this point, yields are going low ner the united states, but there's something going on clearly to dismiss it now over the course of two weeks when we've seen these big moves in technology, some of these dramatic name, there's clearly something going on i'm encouraged by the fact banks were higher today, but they should have been hire. the move we saw, you saw it in terms of the vix people have itchy trigger fingers. >> look at micron. the stock is flat to down. why? supercrowd ed going into the quarter. expectations were incredibly high it was just a set up that's essential what we're seeing we talked about the crowded nature of the set up of megacap names. it needed to come off and the bank news just accelerated it. a rotation >> things that i look at at a time like this, include the australian dollar, canadian dollar, which we're effectively

ripping. these are reflationary currencies, not like a brazil o russia these are reflation hard asset currencies they're moving hire. you parse through what the ecb said this week and they said clearly, we are out of deflationary forces, which means they are going to be more act e active the ecb has distorted bond markets more than any other central bank in the world, more than the fed and taken out every bond that could be bought. that is going to change. >> wheat was up 5% coffee has been up this week you're looking at soybeans an corn all bottoming there. these are inflationary, deflation nair, whatever you want to call it, something different that's going on. i don't think this is just people getting out of crowded trades >> this isn't running for the hills. i'm swrus telling you. just saying take some profits if

we have a sell off then reevaluate >> what's in the hills if you need to run there? >> seabrook has been mess. >> you want to go to higher ground >> tim is right and is reflation. you take a cues from some of these levered oil plays, so if crude found a bottom, these levered names should do extraordinarily well in the scenario you just talked about tech was the big loser today. carter worth is at the plasma to praek it down. >> i'm with you. maybe we'll talk about that later. three weeks ago, we had a short report, nvidia the market for the crowded names is fragile and for whatever reason, this time, it did. what we have in nvidia is this huge outside day a new high, a new low and you

close poorly now, here, three weeks later, this is what's happened. we've gone up and faileded to make a new high and made new lows people who buy dip, which is right to do at time, who start to lose money, the very money that came in and drove it upstarts to accelerate on the way down as they want to get out quickly having seen maybe a mistake in the buy there's nvidia here's google. this huge drop which was three fridays ago then what's happened since we are lower. that's not random. keep going not one of those stocks has recovered. huge outside day it, too, tries to recover and it's at the lows keep going here's the entire semiconductor index. this huge outside day and then where we are now lower.

in fact, we're making new lows the money that comes in here, thinking this is the time to buy dips accelerates it on the way down talk about the whole sector. the whole sector, here we go all right. s&p 500. june 09 to june of present we have bounced off the top. off the bottom, off the top. off the bottom over and over and over and we've blown through the top. now, this is a skill what if i do nonlinear which is to say a long scale. that's the same chart long and you can see the exact same, it failed off the top not random, and we've been going down ever since. do it again. so, what i'm thinking is we come to the top of scale, 8 clnt 95 guess what the exact midpoint of

a log channel is 895. where the average is, which is 895. we touch the line. 4.5% now to get to the line, the 895 reference point would be another 4 to 5%. a total drawdown of 8 or 9 fefrtly normal >> without a doubt, carter comes over i mean, the chart master doesn't come into the studio without being invited. >> especially on a volatile day for the market we need you. >> so, in total to get back to the 95 level on the s&p 500 tech sector, that would be a total draw down of about 10% a normal correction. >> we're in a world where that's not allowed.

you can't go down and drop here's the thing if you're bullish or bearish, you want your great athlete to rest you think that will allow him to reassert himts and go to new highs. if you're bearish, it's going b to be down 80. whatever side you're on, you want this to continue. the further you go in principle, the more exhausted the thing is is >> is it damage to the overall markets the same >> well, the problem is there's so much money here so, the whole rotation game, which has been near perfect the last 18 month, it has to go into financials or energy that's not happening we've seen six times where energy tries to bounce, draws in people and traps them. frankly, the move in banks today was feeble with that kind of new, honestly. >> ipg the news was a distraction. there's nothing inflationary

>> banks are fearful to beat behind the curve the reason the market underper forped is because rates are going higher at least on the short end. >> where citi, you xwis were talking about this big move in rate, went from 2.12 to 2.16 was that the big move or the proceeding plunge? what a disaster. >> we'll stay lower. ultimately, the money congresswomaning out of tech, the it's so big i would think it's not able to, the market's not able to hold up against further pressure >> so, you have that great little chart with the trend line >> the log, we hit the top >> is there anything about that

that tells you this was is the blow off top we know it's crowded and people have done it for the right reasons. at this point, defensive or it's very crowded everyone has it. >> a lot of people have gone into tech because it's been defensive. you're grabbing for high at some point, it's too good

people waiting for a reason to sell and they're all lower since. >> anybody -- >> the absolute best anybody buy technology today >> no, i said before, i think it's going to go lower i don't think it's a disaster. financials took off though and we talkeded about that take the financials off. when the report comes out, came out, they rallied and he's rig it was in a bis mausiness mall y the near term upside to me, i found other places where i can put money. >> get back to nvidia. the problem is not that they're

business model is broken if you want to put it at 10 bucks, it's traded at 125. does it deserve a 50% premium? i'm not sure and in a market that's questioning itself, it sells off harder >> if i look at this market and say how do i want to hedge my portfolio, the big risk is is that rates are going higher. by some tbt. >> coming up, nike, that stock is jumping the company just said something interesting about amazon moments ago. we'll bring you those comments plus, iphone turning 10 years old today, so just how much has changed? tim conducted a very unusual experiment that might give you some thought about the shares of the tech giant and later, energy a rare bright spot in today's sea of red and a

stop strategist says the sector is about to shine. he will explain what's got him so bullish ♪ at johnson's we care about safety as much as you do. that's why we meet or exceed 15 global regulations for baby products. and where standards differ, we always go with the toughest.

johnson's. (baby crying) ♪ fly ♪ me to the moon (elegant music) ♪ and let me play (bell rings)

the future isn't silver suits anit's right now.s, think about it. we can push buttons and make cars appear out of thin air. find love anywhere. he's cute. and buy things from, well, everywhere. how? because our phones have evolved. so isn't it time our networks did too? introducing america's largest, most reliable 4g lte

combined with the most wifi hotspots. it's a new kind of network. xfinity mobile. nike rallying in the after hours and mark parker just had something interest tog say about amazon on the call >> confirming what we know that nike will directly sell on amazon trz. >> in the u.s., we're execute ing a new pilot with amazon with a limited nike product assortment as we do with all of our partners, we're looking for ways to improve the nike consumer experience on amazon by elevating the way the brand is presented and increasing the quality of product story telling. trz we're in the early stages. but we really look forward to evaluating the results of the pilot.

>> this is a big deal because nike for a long time, resisted directly selling on amazon, but now em brays a change in consumer habits, which has moved on to the internet looks like they're back to their winning ways now showing sign of life in the previous three months with revenues slight hire than anticipated while emerging market sales were less than anticipated and also, we heard from nike just a few weeks ago, talking about right sizing their business they're going the cut around 2% of head count, so about 1,000 jobs going they're also going to cut amount and number of styles they sell by 25% this is to give the consumers what they want and we're still looking for guidance of course, which was not wrapped in that report card, but that's something else we'll be watching as soon as they

mention on the earnings call, i'll get that to you back to you. >> thanks so much, that can really have an impact on the stock, which is at its highs up by 4% right now on confirmation of that report that it would sell directly on amazon. >> it is a limited product on the amazon site. >> it doesn't necessarily create anymore demand for site. it doesn't change anything nor nike or amazon, so i think it's a smoke show >> i wonder if the it's a ringing of the bell. >> it reminds me of the last bear how much more growth is amazon going to have? i would be worried

>> nike is playing from a position of strength on this i don't think they have to do this deal. i see this as treating amazon as their outlet mall and the it's similar to what david said, but bottom lirng think about the competitive landscape. under armour, those head winds are marginalizing. the new air vapor, i know you can't wait to get your hands on that this is a company on the margin side, if they get to 13, 14% margins, this is a company that's not far away from that. the it's still the best run company in that space and suddenly, are we no longer into ath leisure and what not >> i still am. >> so, this, i mean just talking about the -- bearish, also did i think it beat by half a perce percent. now the question is is nike a 22

or so times forward earnings fair or expensive. ipg it could make a pretty compelling argument, x amazon is a good environment i'm inclined to sell this pop, although it held $50 >> again, we're still awaiting the guidance as i recall on the last quarter, it was the guidance that really -- >> it's huge really important street numbers are pretty high i was having a conversation with our angel who nailed the story street numbers could be 20 cents too high if they have to bring them down, investors will not be happy about that i think they go lower. >> i just think that if you are expecting nike to be a victim of amazon, i think you're looking at the wrong guy i think these guys are well situated in dtc. they've had their own path with amazon, they're doing it on their terms. >> coming up, blue apron making a statement on the new york stock exchange today, closeing

pretty much where it opened, but can it pass the guy adami test he's cooking up one of his meal kits can't miss this. i'm melissa lee. you're watching "fast money" on cnbc in the meantime, here's what else is coming up on fast. ♪ >> and since it went on sale ten years ago today, nearly a billion iphones have been b sold but just how different is the current from the original? a side by side test that might have you buy iing the stock rig now. oil's been stuck in a range forever. but a top strategist says a breakout is coming and now is the meti to buy. he'll tell us what has him so bullish when "fast money" returns. ...it starts a chain reaction... ...that's heard throughout the connected business world. at&t network security helps protect business, from the largest financial markets to the smallest transactions,

by sensing cyber-attacks in near real time and automatically deploying countermeasures. keeping the world of business connected and protected. that's the power of and. ♪ ♪ welcome to holiday inn! ♪ ♪ thank you! ♪ ♪

wait, i have something for you! ♪ ♪ making every stay a special stay. holiday inn, smiles ahead. whether for big meetings or little getaways, member always save more at holidayinn.com

welcome back t sea of red today with all major independent dees gsees gets hit. here's what's coming up on the rest of the show apple celebrating ten years of the iphone and you won't believe how much things have changed blue apron shareholders feeling the heat as the stock

closes at its ipo price. guy is feeling the heat, too, but he's not getting out of the b kitchen. he's putting one of the meal kits to the ultimate test this hour but first, we start with energy week at the white house. president trump calling it the dwolden era of american energy let's get to eamon in washington for the latest >> hi, melissa the president went off campus from the white house today to make this announcement rolling out a couple of new items here in what was almost a campaign theme sounding type of speech here today the president a little soft spoken, but here are a couple of highlights of what it was he was rolling out today, including an expansion and revival of the nuclear energy sector he'd like to e see he wants to ease the application process for coal projects and approval for new petroleum pipelines. to run under the wall he's going to build between the united states and mexico. also, approve the sale of more

american gas to south korea that as the president of south korea is here in washington today and also approved two applications of exported natural gas from lake charles l and g terminal and opening a new offshore gas leasing program. here's how put it >> and this is all just the beginning. believe me the golden era of american energy is now underway >> and melissa, take a look at the list here of some of the executives who were in washington this week for what the white house billed as energy week a lot of the big names there from conocophillips, duke energy, chevron, exxon mobil and the rest all here in town meeting with the president and his administration but i can tell you politically, a lot of this today overshadowed by some of the other news of the day including the health care fight, the president's tweet, this white house is is branded

this nrnl week but with health care and other things going op, they sort of struggled to put that at the top in the newspapers >> eamon, thauk thank you. energy getting a boost today as crude oil clung to its sixth straight session could there be a bigger breakout our next guest thinks so michael kohn, welcome to the nasdaq >> thank you >> let's first talk about what eamon was talking about in terms of policy. seems like a pro fossil fuel specifically energy policy not just the things announced today, but the measures taken by the interior department since the administration has been in place. even at the margins. what impact does this have on energy prices? >> we fundamentally, it's markets that are going to drive this innovation and drive this increase in exports. during the obama administration, policies they had put in place didn't really inhibit of course,

there were regulations that wer put in place and could have been actually confirmed if over the course of the next couple of year, a lot of those for example the clean power plant has been put on hold, but at the end of the day, the decline in coal jobs, the decline in coal production, all has been driven by the market, by natural gas prices lower, so likewise, it's those low natural gas prices that are going to be able to drive the export of that natural gas to other markets, so a lot of what trump is talking about here is already planned to happen any way just because of this massive amount of shale gas and oil resource we are sitting on in the united states. >> the companies to explore more, to drill more. it doesn't impact supply >> ipg we have to say there's a short-term element and a bit of

a long-term. a long-term dynamic. first t producer haves to understand the geology available to them and it takes years to see one barrel of oil from those opportunities. it's good from the broader picture of u.s. energy in united states to be able to increase that, but it's not going to happen overnight >> okay. let's talk about what's going on this minute in oil are we going to find a floor sfl. >> so, essentially what we've been through over the last two years has been a period of time where inventories were extremely high and the whole market perceived they were going to go hire that's what led us to 20 and $30 prices we think we're going to see the first elements of more severe stock draws than we've seen since 2013 it's based on the production

that u.s. oil production is going to grow by a million barrels a day from the end of last year to this end of this year, yet because of these cuts, we're going to see draws in inventorie inventories. >> so, michael, are we looking at on oil prices, are we stay ng the range between 40 and $60 or are you talking about breakout of maybe 70, $80 >> i think it's unlike lly we g that breakout to 60 or 70. and the asunlgs that if we get to that kind of level, you're going to get a very big supply response, even more so than we have gotten from these producers. the die nam aynamic is because s have been held up, u.s. producers took that floor and basically increased their drilling activity and so now, they're sitting on a large backlog of wells that can be drilled and brought on if prices didn't get to that level

that is going to influence sentiment and keep getting better >> michael, thanks so much we appreciate it guy. >> well, if right, and i'm saying this for a while and i've been wrong so i got to point that out, but the levered plays are where you want to be you look at a devin energy straight down now for the last year half. go back four or five day, traded 30 bucks, two times normal volume at least they have something to trade against on the long side i'm not certain we're at the bottom, but in some of these names t low we saw about three or four trading days ago gives you something to shoot against >> i'm of the view oil is not going to break the downward part of this range. i think there's a self-correcting mechanism in terms of the cap ex that we've seen chevron went down o 18 billion chevr chevron, not cheap, but they have great exposure. they've been the largest land leaser this is a company that's been able to take market share during

a low. it's a safe play >> i'm a seller. i sold today we're going to see the high 30s in price of oil. soon er than later. i do not think we're going to go a lot hire and i think the cap on the upside, if we rally, is 55 bucks >> yeah, so for me, i'm not sure how you get into that $30 handle particularly at saudi arabia when you get down to those level, you see the response in the other way, so, to me, it looks like i'm more with tim we've hit the bottom of the channel. you want the most leverage, that's xop >> leverage. >> yeah, that's leverage >> yeah. >> sticking with energy here, exxon mobil sink g nearly 11% this year. one trader is betting on more pain ahead mike joins us from massachusetts we believe to break it all down. hi, mike

>> yes, so despite the fact oil has a little bit of a bounce and much of the xle is higher. we saw a buy of over 10,000 of those. that isn't exactly an optimistic outlook for the largest of the integrated plays froms more of the musho and poo poo platter. >> the only i've got, some chop sticks still in parp and waiting for my first course. >> the rest of the show. >> it's only 5:37. there's still time mike, thank you. mike co from the chinese restaurant in massachusetts. it's a joke.

for more options action, check out whole show tomorrow, 5:30 coming up, shares of apple taking a hit today as the company celebrates ten years since the release of its original iphone. where its next one turbo charge the stock? lance is here to weigh in. plus, blue apron making its debut and guy is putting the company to the ultimate test you won't want to sshion chore right after this 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. see options data like never before. with thinkorswim only at td ameritrade.

i put everything into my business. and i had all these points from my chase ink card. so i bought ingredients, utensils, even made custom donut cutters. wow! all with points. that's how i created the ripple: the doughnut in a doughnut in a doughnut. suddenly it's everywhere. i mean, it really took off. what will you create with your points? learn more about the ink business preferred card.

that's exactly what they got. near ly a billion of them have been sol since the first generation went on sale today ten years ago and turn ed the mobile market on its head. since then, it has evolved into a thinner mobile device we know today but it's become a much more evolutionary product, but is that enough to keep the stock heading higher i don't know i feel like every single release, there's this rap on apple and yet the stock goes higher

>> you buy the dips until in comes out. one thing they're doing, every time they come out with a new nope pphone, mine goes on the ks there. >> my phone is dying, too. >> they've got something >> to make it age and die, like -- >> do that on another show >> any way what do you think? >> i agree 100%. this is a sell after the launch. i think you have a quarter or so to see the results, but in general, look, i think it's going to be a massive launch big refresh cycle, whole nine yards, 170ish is around the cap on this stock. >> let's talk about the iphone to celebrate, we figured we'd have our own throwback thursday onset with the first iphone. we searched far and wide and it turns outside that fast money

friend and mashable editor had it all along lance a, welcome to the show. >> thank you >> here it is. >> that's it it's like a baby phone >> you know what's funny 4.7, 4.8 ounces, 4.7 they basically weigh about the same which is really funny. here's why look at the difference on thickness here they've moved along so much, it's so much more powerful, the iphone 7 and yet it's so recognizable we forget that was the square iphone 4, which had the sharp edge, then went back with the 6 to this curved design and i think apple is really in love with that. you won't see a big change with that in the 8. but you know, this is always identifiable as an apple product, an apple iphone for now, a full decade >> sure. one of the most popular features

on an iphone and one of the reasons why people love to upgrade are improvements in the camera we actually did a little bit of a test here. rig right? the two megapixel camera, a 12 by the way, there's no camera on the front of the first iphone. there's a camera here. >> the question here is which one is which left or right. take a good look or the oldest iphone >> i know. i know off the top of my head, but p if you want to try and guess here >> guy >> the one with all the, the one with the tim closest to us is the original iphone. the one with him further away is whatever that new one. >> why do you say that >> well, i could see the darkness in your hair in the newer phone. you're really popping.

>> the camera technology in the iphone 7 is just miles ahead of what you had at two. here's another techlts switch up the photos >> all right >> this one makes me hungry. >> iphone 7 or original. left or right. come on. >> it's left no question. >> left what >> is that right >> let's see the k you show it? >> there you go. >> what were they serving? >> hot dogs. i decided to become a hot dog vendor in times square for an afternoon. if things don't work out here, i've got a future serving up red hots >> signal processing completely different. apple focusing tremendous attention on the cameras every single time. in fact, they even mess up so

here's something that's interesting because they mess up the perfect design on iphone 7 with a bump was they want to give you that high quality imagery. and can't shoot videos here, 4k videos here. one more photo sxwl yeah. >> he really just -- spend iing time with this spider-man guy. >> i thought he was asking for money. >> bk, guess which one is which. 7 or original? >> i think the one on the left is the time from 1980. and the one on the right -- >> members only jacket >> i think the right is the iphone 7 there we go. >> look at the information pulled in by the better camera you're getting so much more. so much more color >> clarity the 12, this is a 2g phone it couldn't handle that kind of resolution wouldn't be able to send

anything the resolution on the screen, this retina screen, a 320 screen here it's everything you know, ten year, even though the look is somewhat the same a monumental change and we're getting ready for one of the biggest changes probably the same thickness augmented reality hardware built in probably going to switch the direction of the phone, so it's dual phone on every model of the device we think there may be multiple 8s coming out. apple will not let this pass without doing something big. since the 6, this design has not changed significantly, so it is time and everybody's cued up for it >> lance, thank you so much. >> it was my pleasure. >> for sharing the original. surprised guy doesn't have that. star tech. >> what's wrong with that? star tech, they work i can still call people.

>> here's the one question because we want to quickly trade this is is apple setting up expectations too high? with all the those features, is is something bound to go wrong >> every year, we seemingly ask the same question, they seemingly deliver. the stock suggests they have delivered. question is is, how do you trade apple in this environment? people that have held on to it have done great. pete has done fantastic. if you're looking for an entry point, i think there's a good chance, three in four chance, we retest the old high we saw in 2015 of $135 >> coming up, tim's not the only one with a test. guy putting blue apron to the ultimate test as it makes its wall street debut. find out how did when "fast money" returns

more from nike's earnings. higher in the post market sessions >> we just got guidance for the full year 2018 from nike pretty much in line with estimates, so on the call, they are guiding for revenue growth in the mid to high single digit range. did talk b about gross margins and a possible modest

contraction by as much as 50 basis points in the first half of the fiscal year, but they say that owes to fx head winds and didn't forsee that to take place for the entire 12 months for the fiscal year. back to you. >> thank you very much david. >> better than i thought 56, 57 take profits here. not going to go much hire. 56, 375-57 is really the thing that stalls out. >> i don't think you need to chase this, but it's a stock i'm very encouraged to hear their business is being managed through a process of secular change meanwhile, well run, innovation, it's all there blue apron make iing a rathr bland debut on wall street today. the stock starting the day off sharply higher, but closing exactly add its ipo price of $10 a share. guy. >> love the blue apron i'm a big fan of these meal kits, you know, they ship. so, i try things out because that's what i do tried things out got on the internet.

called them up and said, can you deliver to my house. blue apron box i want to take that sucker for a ride look at what we found. >> there it is, blue apron has arrived. right on time. i'm going to bripg this thing inside go in the kitchen. going to cook up a meal for you folks. shrimp and fresh pasta with spinach and basil. outstanding. here's my spinach. of course, my fuselli is right here cann canned tomato sauce. schimpf and pasta knickknacks. wild gulf shrimp and of course, base ill going to close up the box and get started. and yes, my hands are clean,

steve, if you're watching. we don't really measure, so this is what we're going to do. it's about a tablespoon. i know you can almost smell this garlic melissa, i know you're not familiar with that it's garlic, it's italian. very good for you. here's where things get a little tricky got to tell you, this looks pretty good, folks item going to sit down and give it a shot. you know what, not bad not bad at all blue apron, you passed my test, but the true test, the true test is back on the desk. fellas and girls, enjoy. >> all right, here i come. this is very hard, take the one

from the back, please, thank you. >> bano, you can't. >> all right cage free. >> give this a shot. >> actually, it looks -- >> nice. >> be honest >> how easy was this >> well, i mean, by definition, if i was able to do it, it's got to be pretty easy, right you see me navigate the kitchen? dice those onions and the garlic >> brilliant >> julienne them >> didn't need to be julienned, wise guy >> can you see how people would want to do this >> of course, but to brian kelly's point last night, there are a lot of companies getting into this business it is overcrowded and somewhat xhomtized. is blue apron good, yeah, this was a great dish would i do it? probably but there are a lot of other

folks doing it >> your pasta is al dente. >> mushy >> spend a lot of money on markets. >> i think it's a dangerous stock to own i'll tell you why. you have to get to scale the whole business model is predicated on betting to scale they're not going to be able to get to scale quick enough before another big whether it's a whole foods, kroger, comes in and eats their lunch. i don't think they can get to scale and be successful, so i wouldn't own the stock here. i think it's not a name. >> clowing at 10:00 is a little suspicious a little weird they don't stay there for a bit likely because the underwriters will put a bid in there, but i'm more of a buyer in guy as a cook >> looks good in that apron. >> all right >> coming up, final trade.

♪ at johnson's we care about safety as much as you do. that's why we meet or exceed 15 global regulations for baby products. and where standards differ, we always go with the toughest. johnson's.

(baby crying) ♪ fly ♪ me to the moon (elegant music) ♪ and let me play (bell rings)

final trade. >> i've got ingigs right now >> buy it. >> i know i talk about large cap bio tech this is what you want to own zpl i started the show talking about the tbt as hedge, also

check out dba etf, that's a way to wedge inflation >> amanda and osofia, they crushed it crushed it >> tlt >> that bad. good effort. i'm melissa. "mad money" starts 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 i find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica i'm just trying to make money. my job is not just to entertain you, but educate and teach you so call me tweet me @jim cramer i'm letting you in on something real big the method of my madness i know this is the