rks is doing good. >> tremendously valuable you think about netflix, they have a lot of third party catalog stuff that they've been paying for they still say originals is what drives their membership and their traffic. >> all right, good stuff busy hour. thank you, mike. we'll see you later. i knew you didn't think i could match -- >> the peach. >> the outfit with the tie it's going back to anchors r us where i rented it. that's "closing bell." "fast money" begins right now. >> the nasdaq market site overlooking times square tonight on "fast," the two words that took down the market today and broke the dow's big winning streak fire and fury. the dow seeing a nearly 100-point reversal from its highs after president trump had some very harsh words for north korea. we'll give you the very latest plus, retail strikes back. amazon has fallen 8% from its high a number of beaten down retailers are serving. one top technician has two names you can buy right now. he'll break it down.

later, is there a big target on big tech? google is the latest tech company to get caught up in a political firestorm. jim vandehei says the drama is just getting started first, we start out with the big story. disney announcing it will pull all of its movies from netflix to start its own streaming service. the news taking down both those stocks julia borstein is at disney headquarters julia. >> well, that is just part of the story. bob eooiger announcing what he called a strategic shift announcing another 42% stake in bam tech he announced they're going to launch a new espn-branded live streaming subscription service that will launch early next year saying it will have 10,000 live sporting events. >> this move capitalizes on a few trends that we've seen the sports side, first of all, live sports continue to be very, very popular

94 out of the top 100 tv shows in 2016 in the united states were sporting events for instance secondly, the espn brand is still very strong. and, third, we have seen a fairly significant increase in app-based media consumption on services that are over the top or direct to consumer services so we felt that it was time for us to take a bigger step in that direction. >> netflix shares declining as eiger announced in 2019 disney will pull its movies from netflix and launch its own direct to consumer disney branded service, saying they'll make a, quote, significant investment in original shows and movies for this new service. >> we had a deal that gave us the option to move our films from the netflix platform to somewhere else starting with the calendar year 2019 slate that's what we're doing. so we're creating a disney branded service that will have

those movies on them, on it, and if you look at the 2019 slate, it includes "frozen 2," "toy story 4," and a live action remake of "lion king." so it's an incredible slate. >> now, we reached out to netflix to see if they had any comment. they responded saying u.s. netflix members will have access to disney films on the service through the end of 2019 including all new films that are shown theatrically thank yrough end of 2018 so making sure people don't panic about their netflix subscription no word on how disney's new subscription service will cost iger says today's announcement represents an entirely new growth strategy. >> you asked specifically about the marvel relationship. do you know when that ends as well because he made it clear he would not pull the shows but perhaps the agreement ends, coincidentally, in 2019 when they launch the service. >> well, they have no plans to include marvel into this

service. this service is really designed to be disney and pixar branded it's for families. and it's really about those two strong brands. he did say it's possible that eventually down the line they could potentially create another marvel branded service but for now, they're maintaining their relationship with marvel they are contractually locked into that relationship with marvel because they are creating new shows for netflix that are those marvel shows for netflix so for now, no changes to those marvel shows, but we'll see what happens. part of it may hinge on how well this new streaming service works that's disney branded. >> just to be clear, we have no guidance, yet, right, that democrats come on the call? >> disney doesn't give specific guidance they give general guidance what we knew is disney has said fiscal 2017 is going to be a slower growth year and stronger growth was going to return in fiscal 2018. that of course starts with a december quarter, which is when the next "star wars" comes out we haven't heard any changes to that so far, but we'll be

listening and let you know if anything happens. >> julia, thank you. julia borsten out at disney headquarters what's your take on why the stock is down on this news >> here's the thing. at some point estimates have been coming down all year long for disney and i think expectations weren't particularly high. i think the fact of this strategic relationship coming up down is giving investors pause they know netflix has been their primary distribution channel i'll just mention this she just said this is that next year, fiscal 2018, they're supposed to see a significant bump in earnings and in sales eps growth is supposed to be double digits, again, for the first time in a couple years sales growth from 1% to 6% stock trading about 16 times next year's expectations to me you have a level here, the stock's trading at 103 in the aftermarket. the stock's even cheaper if you believe in 2018, you believe in what they're doing strategic, the stock is probably

as cheap as it's been in years in 2015, this stock was trading 22 times earnings. >> well, they were in a different place though it probably should be trading that multiple. but i think what this deal tells me is just how predatory the environment's going to get it makes you think about what goes on in the telco space if you talk about the commoditized portion of delivering services. if disney steps into the fray with their brand portfolio's never been better. let's be clear, i think disney, 17, 17 1/2 times 2018 is the best of the breed with the most insulation and what they announced today to me, it's not great for the sector because it speaks volumes but for these guys, it means i think they're kind of in charge. >> if disney's willing to hive off its properties, right, its marquee properties and marquee content and offer direct consumer in its own bundle, could others do the same >> of course they will >> you could totally go around netflix or around their distributor and saying i'm going direct to consumer too with my marquee content and marquee brand. >> i don't know how much room

there is for so many acts or so many, you know, i don't know how -- >> maybe that's what they said about cable before there were 200 cable channels. >> how many of them ended up being not worth anything >> true. >> i applaud disney for making aggressive moves, that's great however, the landscape is really shifting i don't see the end of that right now. these are tectonic shifts it's good company and good for them for doing what they have to do but i would wait it out. >> disney's announcement is an acknowledge ment of how well netflix is going i make the argument netflix can go higher. i understand it won't but you can make that argument disney's now trading at about 15 1/2 times next year's earnings their media business -- >> and their studio. >> the studio as well. >> yes. >> the media business continues to decline so what is the right multiple for an industry -- granted, they should have a premier multiple what's the right multiple for a

media business in decline? i don't think it's 15 1/2. you can make an argument it's closer to 14. >> what does it tell you both stocks are going down? not that things are necessary binary in stock market land, oftentimes they are disney comes out with a big announcement direct to consumer streaming bundle the stock goes down. netflix also goes down >> it means they're going to spend more >> it's bad for everybody be >> we see a lot of companies in growth phases where they're spending. >> investors don't like spending >> not at first. at this point, if there's tectonic shifts, you want to be the one forcing that shift at this point, they rode the wave of netflix as they went from zero to 100 million subs. now they're saying you mentioned parks, studios they want to control the relationship with their customer on all these different levels because they know now they have the most intimate way to actually communicate or to deliver content to their customers and that's through mobile cell phones, however app centered world i don't think it's bad but to your point, 57 channels and nothing on

when was that song written 20 years ago now we have 300. >> a lot of them bad. >> look at a&e, look at discovery. pushing forward, making these shifts possible for all intents and purposes. >> in terms of disney owning that relationship. imagine the data they will also have, be privy too now they will know very intimately the habits, when it's consumed, how long it's consumed >> consumer products their consumer products division loves this. >> again, they're the most diversified player they're a media company but they're an entertainment company. they're a consumer products company. and i just think this speaks to -- you're right, they're going to spend more money. suddenly, like, hey, we're going to develop new content disney's been developing new content on their own forever it makes you think it's going to get into a place where you start to have four or five guys that are a choice for people to throw down on the subscription service. i think it starts to speak to the environment. >> for more on disney earnings, we're bringing in james stewart,

a "new york times" columnist and author of "the fabulous disney war. and now who knows, his next book could be called "streaming war." at this point. what's your take on what's going on >> i think first of all this netflix decision is a huge strategic move for them. when iger said strategic shift, he was understating it all the years, decades, i've watched disney, they said over and over again content is king we are platform agnostic we will let our content go to the highest bidder suddenly, they are turning their back on that, saying we're going to create our own platform that is huge now, why is the stock down i think, you know, they're going to lose some revenue by cutting off netflix. there's going to be a period -- they don't have a built-in, you know, global subscriber base this is a gamble i understand it. in a way, i think it's bold, it's decisive. it's the only real path for growth even if it does work, there's going to be a time where revenues goes down, investment

goes up, before the growth if they can pull that often with the next fiscal year, i'd be shocked. maybe. you have to take a longer term view on that. >> what does it mean for netflix? is this a signal others will follow in disney's foot steps? >> good question i mean, disney has the strongest brands if anybody -- look, they've got the disney brand, they've got pixar, they've got espn. if anybody can go direct to consumer with their own platform, they can do it i don't know how many others have even the luxury of that option not a whole lot come to mind in my view. for netflix, i mean, netflix is a must, you know, have app without disney i think the decline there is a little exaggerated i think your point earlier, like how many of these blocks do you want to see when you turn on your tv. like what do we get now, eight, nine, ten? again, is it going to be 100 i don't think consumers want that i don't think they're going to pay for that independently

but for disney, the problem -- so i think netflix will be fine probably they're way out ahead on this. they're doing fabulous creating their own content. disney will now be in head to head competition with them they're not going to be partners anymore. that is going to be a war. >> so let me go back to something you said earlier, so if you were in disney's shoes and you were trying to navigate these changing waters, are you saying you would do exactly what they're doing? >> i probably would. i like to think i might have done it a little sooner. before the early movers had gotten quite so far ahead. you know, that's water under the bridge it's easy with benefit of hindsight. i've been saying this for some time i still think it disney is a huge company it is doing great. again, the theme parks are great. the movie studio is better than anybody ever could imagine how do you dobetter? how do you grow? and then you've got this giant cable network thing. it is shrinking, shrinking, shrinking. and the cable companies who were

your great partners have basically turned their back on you because they're letting people get skinny bundles and they're cutting the cord so that isn't going to grow if you don't do something dramatic. i don't see any alternative to what they're doing here. >> we're going to leave it there. thanks so much for coming by always great to get your analysis james stewart of "the new york times. we should note that disney shares in the afterhour session, lows right now i'll bring it back to netflix. at one point you said disney buys netflix. >> i've said it a number of times. >> now what? off the table? >> i guess this -- yes, i would imagine it's off the table because i actually think -- listen, i understand it's a pipe dream. i also think what this means now, bob iger now stays through 2019 potentially into 2020 if you think about it is actually a positive for disney as well. >> i was going to say, what jim just said is he would have liked to have seen them make this shift earlier. remember when tom stagsleft an

it was a debate about who would take over? because this is what he wants to do this is his legacy, his positioning this company he already made the marvel, the pixar and lucas films, right they've got -- espn is maybe turning a corner we know what's going on with the parks. let's fix distribution >> i'm going to put this to you right now, right here. >> whoa, whoa. >> would you rather disney or netflix, fresh money today >> disney in a heartbeat and i will probably be doing it tomorrow morning somewhere between 100 and 103. >> all day long, i totally agree. disney's free cash flow positive right here doing great on all cylinders nobody else can come to market with their own offering like these guys i don't see anyone who has this must-have content. disney all day long on val cation i've been negative on netflix and wrong so this is more of a reason to say i'd double down. >> would you buy disney on this dip? >> over netflix, absolutely. so many of their cylinders are

hitting. the big one obviously isn't. but it's a great company. >> now they're in netflix arena and netflix has proven they can do this better disney has to prove themselves in the arena they're about to get into over the next 18 months we're assuming this is going to work >> but netflix is trying to play in disney's arena. netflix is going to content. that's where i have a problem. so -- >> so? >> the answer is i think disney trades several hundred i think netflix will bounce from the sell-off we've seen right now. >> coming up, we'll have much more on the disney bombshell pulling its movies from netflix sending both stocks lower in the after-hours session. plus, it is the two words from president trump that took down the market today. fire and fury. how serious a threat is north korea to the rally and later, a retail resurgence a number of beaten down retailers soaring. when this bell rings... ...it starts a chain reaction...

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or a little internet machine? [ phone ringing ] hi mom. it makes you wonder... shouldn't we get our phones and internet from the same company? that's why xfinity mobile comes with your internet. you get up to 5 lines of talk and text at no extra cost. [ laughing ] so all you pay for is data. see how much you can save. choose by the gig or unlimited. call or go to xfinitymobile.com introducing xfinity mobile. a new kind of network designed to save you money. words from president trump that spooked the markets today, fire and fury. >> it was an unmistakable new warning from the president as he

was about to start a briefing with top advisers on the opoid crisis in this country but it comes after a weekend where new sanctions were adopted. secretary tillerson eerson atte diplomacy with north korea and today reports of advanced nuclear capabilities from the country. here's what the president said could happen next. >> north korea best not make any more threats to the united states they will be met with fire and fury like the world has never seen. he has been very threatening beyond a normal statement. and as i said, they will be met with fire, fury and, frankly, power. the likes of which this world has never seen before. >> those comments were seen as far from a deescalation of the current back and forth between the two countries.

some recent threats, developments in this situation, include the north korean foreign minister yesterday saying the nuclear program in north korea exists solely because of threats posed by the u.s and then today, "the washington post" reported that now north korea can make a nuclear warhead small enough to fit inside a missile. that's significantly upping the ante of a potential ability of north korea to reach large cities in the mainland united states at a briefing here down the road in bridgewater, new jersey, kellyanne conway, the senior counselor to the president, only called the comments by the president strong and obvious and declined to comment further about exactly what he meant or exactly where the u.s.' strategy could go from here, melissa. >> all right, kala, thank you, outside the president's bed minister golf resort so we saw the markets react clearly. what was interesting is we saw a much greater, it was a swing in the markets that was very tight range. there wasn't a bid for

treasuries necessarily >> or the dollar. >> so what happened? >> at a time when markets are at all-time highs and you pick your asset class because it's not like you want to own treasuries here i think you have a dynamic where, you know, the vix and volatility got so low, we've been having these moves in the market especially during summer volumes. it's not a surprise to see this kind of spike. what do you do with this kind of rhetoric i don't think you do anything. i think it's a lot of bluster. and i think it would be crazy to escalate something based upon the bluster from, you know, the fat kid in north korea i just don't -- i mean, it's one thing to have a lot of threats that are made. >> this isn't bluster from the president of the united states, not just north korea -- >> no, i understand that -- >> -- serious bluster -- >> -- and let's face it, when people have thought about some of the concerns of this administration, it was that there was on the foreign policy side potential for impetuous responses that weren't well thought out. that's not going to happen here.

north korea's been an agitator for a long time. they're not in a position to do what they claim. >> but, listen, this is politics i think that we saw today over policy which is really kind of scary in a way when you think about any sort of preemptive anything that we would do and he's threatened military action you know, so korea is 35 miles away from the dmz. there's really nothing that can go on here other than diplomacy at this point. so for our president to speak the way this authoritarian leader speaks is really not very constructive so when you bring it back to the markets, you know, no regulative agenda, all this stuff that hasn't mattered. markets have kept on going the economy's doing okay it seems like the global economy's doing okay there's one thing that could kind of mess this whole thing up, i suspect, is some sort of dustup on the korean peninsula a game of chicken between these two guys i don't think is pretty conducive. >> or not u.s. and north korea

but u.s. and china in relationship to north korea which could be a much bigger impact to the markets. you bought insurance not too long ago >> not too long ago. way, way, way out of the money. >> how much to the downside? >> 20% you know, cataclysmic-type insurance. you got to wonder actually would it even be solvent because who knows what would happen in that scenario. i agree with tim, i don't really want to trade around the rhetoric today it does scare me i don't like to hear it at all but i'm not going to trade around it. but i do want to own protection in case -- >> this comes with a market that's really had nothing to worry about. so i mean these have not been things to trade until they are you know, i agree, dan, politics over policy is always really hot. >> disney announcing it will pull all of its movies from netflix to start its own streaming platform for espn, it's a major development in the world of media. cnbc spoke to the man behind it all. we'll hear from him after this break.

look, up in the sky, it's a bird. >> it's a plane. >> no, it's just bit coin. and it's gone buck wild. and it's taking a couple of stocks with it we'll explain how to profit. plus, with google under fire from the right, could big tech become the white house's next big target an fl tell you what it could meor the rally when "fast money" returns

welcome back to "fast money. retail making a comeback the rally nearly 4% in just the past month cnbc's best-dressed man himself, our own dom chu. >> all right, so this pocket

square is about the fanciest thing i've got but i got to keep up i'm not sure how much more of their discretionary income people are spending as of late what we do know is the sentiment has turned at least for some beaten up retail stocks over the short to medium term here's what we're talking about. there are over 80 stocks in the s&p 500 consumer discretionary sector and around 12 of them have seen double digit percentage gains over the course of the last month and retail has been a standout. so here's what we're saying. midscale department stores, khol's, about 12% year to date target up 15% in the last month but still down 18% in 2017 luxury goods and apparel michael kos surged on a strong earn ooings report one of the biggest laggards has turned things around and is trying to hold on to year to

date gains this doesn't mean there's been an all clear signal on retailers or the consumer in general is somehow getting better overnight. some of these stocks have been heavily shorted during the recent downtrend closing out short positions may be a big part of the buying. the overall consumer discreti discretionary sector is the third best performer in the s&p 500 and now it's not all about netflix, price line and amazon we'll see how much that bounce for the retail stocks last >> i've got to go to you and kors i thought, what's karen think of this >> yes, i thought it was, you know, i thought up $8, where it ended up, is beyond what i thought could happen they've guided higher by, i don't know, 11 cents or so so you put -- and 70 multiple on that that doesn't quite make sense to me it does show how badly they have been hurt over and over again by the same news and some of which -- of their very own

making for sure. but the bar was so low in some of these names you saw ralph lauren today also up huge. i think, you know, for kors, it's greater the er therthey'reg progress now down mid-single digits as opposed to high single digits. so the response was really that things were way too low before >> right. >> and so i think we'll see maybe a little bit more of that. although children's place today, i actually sold the rest of ours. >> you did >> because at 16 times, it's not crazy expensive at all they have a huge cash position but it's all the way back up it's now up 18% on the year. i think, you know, i'll take the money off the table there. >> this bnz overabalance overaln the retail, the sentiment it's been gone too much so it's caught back up to where it should have been, because it never should have been down there? >> i would say yes july 14th, the morning, 6:00 in the morning, you recall where you were no, but i'll fill you in you were sitting right there

i was sitting to your right. a news flash came, target gives guidance, do you recall? stock was trading 50 1/2 what did we say, don't fade this rally, this is actually very good guidance. target probably got beat up by the amazon/whole foods things. if you like walmart at 17 1/2, 18 times, you have to like target at 13 1/2 timings that's what we said then i agree with that now. target reports on august 16. the stock today on a pretty lousy tape, i think the stock continues to rally. >> next guest says there are two big names that are still worth a buy. let's go out to chris. >> nice to be here when we talk about the sector, we have to start with the most important stock in the group and it's amazon. it's not lost on us. even as the market is at a new high here. amazon sold off here over the last week or so. we're right back to the 50-day average. as we were about this time a few weeks ago. a few months earlier earlier in the year. the question is, can support

hold for fourth time i think there's some near-term risk here. we had a big down day in june. volume has started to pick up here i think the 982 level on this chart is key you break 982, it brings in the conversation of 900. so if we can't own this one what do we want to own? i want to focus not on bad charts are bouncing, but charts that spent the last several months putting in big bases. i think nike is the best example. nike doubled from 2014 through 2016 quietly starting to base here. 57.58 is good support. that's where we think you buy the stock. i think you play for 65 here i'll give you one more this is coach. chart back to 2012 we're talking about a five-year downtrend. that is now over over the last 18 months, we've put in the bottom. we're holding support here very good level near 45, 46 to

add exposure so don't buy bad charts that are just bouncing. look for names that have already based. nike and coach i think are your best two options in the sector. >> i think chris comes over, what do you think? >> yeah, come on >> good charting there >> yeah, good plasma work over there. so you spoke about coach and how the chart looked constructive for the year so when you take a look at kors, how does it look now with this big move higher in today's session? >> listen, it's not a stock i'm buying with -- it's a big move over one day i think it's hard to say it has the characteristics you would associate with a really adorable move it doesn't mean it can't go up from here. if i own the stock, i'd be thinking about, mm, where i want to start letting this one go like the move we saw today. >> the pushback would be the july 3rd low, 950. we bounce strongly from that level. you think if we break 982, we

have a more significant downdraft? >> i think 950 is not important as we look at the price history over the last 12 months. we've had this up trend that's been very elegant in place really since this time last year i think 982 is the level here. it brings in the interday underneath that. but you have to remember, the lo long-term trend is still up. what we talk about is tactical weakness after an incredible run. what does it mean for the broader market, i think that's the bigger question. while you've lost maybe amazon here in the long term, money isn't going to defensive groups. this is not a risk-off move, this is a rotational move. i think ultimately that's probably instructive for the broader tape. >> go being to the xrts. we broke kind of a resistance level. i'm not sure ten cents tells you it's a breakout time if i look at the risk/reward, the best was 50 bucks. is it just -- doesn't that really tell the whole story?

because, i mean, what are you shooting for >> exactly i think you absolutely nailed it we have to think about this move in a tactical sense. that's why i want to focus on a name like a nike or a coach that have spent the last 18 months bottoming and basing these aren't just one or two day moves. they've put their time in. they've repaired themselves. that's where you look for a more adorable advance >> chris, thank you. >> it's interesting, the chart, coach, nike, talking about kors, rl was up 13% today. these are brands i think you have to kind of maybe differentiate between some of these retailers we know a lot of these department stores are really strategically challenged they have actually had substantial short squeezes we'll get a bunch of them reporting on thursday and friday and you're going to see whether these bounces are dead cat bounces or really commensurate starting a base. to me i think the srt is still in the downtrend it's still 20% from all-time highs about a year ago i think that one sets up for traders as a great short 39 as a

really charging neckline for what is an epic, epic head and shoulders chart. i think it's the worst chart in the market. >> still because you said that before. >> yeah, you know what it did, it did what it's supposed to do. it rallied back to the downtrend. to e ime, we get through the earnings, then it sets up as a great short. >> still ahead, disney and netflix both lower after disine announced big news by the way, those levels on disney, levels we have not seen since the end of 2016. plus, a big target on big tech jim will tell us why drama at google could create waa r between washington and silicon valley you may want more than parts a and b here's why. medicare only covers about 80% of your part b medical expenses. the rest is up to you.

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welcome back take a look at shares of price line, down 6% here on afterhours trade. expectations were just so high coming into today's earnings report with the stock hitting a record high of almost 2,068 a share this of tafternoon. price line's second quarter gross bookings fell short of what analysts were looking for guggenheim analyst jake fuller writing that we are concerned

that price line's performance and guidance may not be well received given heightened expectations price line said its current guidance assumes that its growth rates will be mainly due to the size of its business price line operates many sites including bookings.com, kayak, open table among others. the stock has been on a tear, up 40% so far in 2017 but shares are plunging here in extended trade still outperforming its main competitor expedia on a year to date basis >> all right, thank you. seema moda at the nyse >> they blew away any p/e on revenue. it was the third quarter guidance that was disappointing. i would submit you have about 17% eps growth it still trades 23 times forward earnings i don't think it's a retick lid multiple for this company. you have trump's comments which don't think i don't think travel stocks

i also think they filed a mixed shelf for an undetermined amount that will be interesting to see when and if that comes to market so what does that mean 1900 was the level about four or five months ago. my sense is that's where it holds on the way down. >> i'm having a little deja vu when they reported, it was the same thing they beat their current quarter and guided down. what did they do they just beat this quarter. i think guy you said you buy that dip 6.5% on a stock up 40% on the year all-time high? i don't think it's the end of the world. if you believe in the forward guide ents an, you believe they're going to beat it >> let's stick with tech google in the cross hairs following the termination of one of its employees over a controversial memo and the drama could last a while josh lipton joins us from san francisco with the latest, josh >> google's ceo clearly felt a red line had been crossed. that james demorai, the author of that divisive memo, violated the company's code of conduct with this manifesto. dimorai said innate differences between the sexes could, in

part, explain the lack of women work until tech. writing women on average have more openness directed towards feelings and aesthetics rather than ideas women generally have a stronger interest in people rather than things relative to men these two differences in part explain why women relatively prefer jobs in social or artistic areas google has now fired him for that memo, described as offensive. says the ceo did the right thing. >> i think he meant to do it i think he wanted to create the controversy and the discussion he got his opportunity despite the fact he said he didn't get a chance to talk, he get plenty of chance to talk this is the consequences of what he did >> now, others aren't so sure, though commentators on the right have come to his defense. including rich lawrie, editor of "national review," who wrote, it is one thing to disagree with this memo. it is another thing to believe the views therein should be forbidden. but this fight might not be over

in a statement to nbc news, he says he thinks he was fired for political reasons and that he is currently exploring all possible legal remedies melissa, back to you. >> josh lipton in san francisco. so will google's latest issues lead to even more scrutiny for the biggest names in technology as the war of words continues between president trump and silicon valley giants like amazon? should investors be worried? let's bring in co-founder fast money friend jim vandehie. we've been waiting for when president trump will turn his attention to technology and start blasting it for one reason or another do you think this is the time, this is the thing? >> i don't think this specific instance but i think your viewers should be prepared over the next year for really the tides to turn against big technology companies if you go back eight or nine months ago, this country had a very romantic view about all of these high-performing big techs.

people feel, rightly so, facebook influenced the election they feel we're turning over way too much data to these big companies. there's a feeling there's a lot of money being made by a few for a lot companie creating jobs overseas if you look at europe and the views of that continent towards tech, you're starting see some similar signs here on top of that, you have republicans and democrats in a new manifesto starting to talk about antitrust legislation as it applies to these companies. so i think this is real. i don't think it's happening tomorrow but do think it's a trend everyone should pay attention to >> i mean, is this -- is technology going to be the next financial sector in terms of the president's sights it seems like whatever sector's doing well is contributing to a wealth divide in this country becomes the target of the administration >> well, listen, he has obviously fought with silicon valley over immigration and other topics

and there is a wing inside of the white house, steve bannon, steve miller, others, who would love to take a very aggressive stance against google, facebook, other technology companies, would love to use antitrust rules, would love to figure out ways to regulate their usage of pe personal data. if you look at the way the winds are blowing, more and more people have concerns with the behavior of these big technology companies, which you and i know have a very arrogant view of washington and of anyone outside of silicon valley. but the game is changed. because so many of these companies, so much of what they're building, so much of what will be built in the future is a coalition of technology and bureaucracy. whether you have that collision, don't you think washington is going to start to intervene? >> jim, let me ask you something, do you think amazon would be the first one in the cross hairs, given the washingtownershi of "the washington post" and trump's disdain for "the post"

>> it's one of the companies at the top of the list. not big fans of google, not big fans of amazon i think the president doesn't spend that much time thinking about the specifics of these individual companies but i do think at any moment he could turn certainly his rhetoric against these companies. and he has he's talked about doing much more on immigration than he's actually done. he's done a lot but not nearly as much as i think bannon and others would like. the more they see in the poing numbers, the more they see anecdotically, there's a populist tide that helped them that now could be hurting the tech companies that's where the alignment comes in that's where i think people have to pay attention if you didn't have donald trump as president, i think this trend would be one of the biggest stories of this calendar year. it's a big titanic shift >> we're out of time i got to ask you this. because you and axios have done a ton of reporting is zuckerberg going to run >> i think everybody who runs a

big company thinks they can run the country. this is relevant to what we talked about he's hired a lot of political advisers, particularly people who worked for barack obama, to work for him and for his charity. if you think about his problems, he's aware of what we're talking about. and he needs to look at facebook like it is a political candidate. he's got a political problem he's traveling the country because he knows he needs to better understand the country. he needs polsters and strategists because he can tell the same trend lines in politics we're seeing so whether he's running or not, his company, a massive company, has political problems of its own. if he decides that having all of that makes him feel like he's in a position to run, obviously would help him to be in a position to run. i don't think that's what this is about. >> jim, you always have an interesting take onthings. thanks so much axios co-founder dan? >> it's a tough one. the facebook one is interesting. i think if he or sandburg considered to run, i think that would be a big problem for the company one way or another the way i see facebook is they

had a problem suppressing fake news here and they're willing to suppress real news in places like china and that would be the in next leg of their growth. to me at some point i think the jig is up as far as the 45% sales growth that we see they're reaching semimonopolistic levels as far as online advertising. when you talk about being in the sites of regulators, i think they will clearly be in the sights, no matter who's in the white house. >> disney lower after its earnings report but the big news is the mouse house taking on netflix. announcing a number of new streaming services ouhaboigll y wt b er just told investors. [pony neighing] what? hey gary. oh. what's with the dog-sized horse? i'm crazy stressed trying to figure out this complex trade so i brought in my comfort pony, warren, to help me deal. isn't that right warren? well, you could get support from thinkorswim's in-app chat. it lets you chat and share your screen directly

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feature. >> it will be the pay movies and the pay window so that means theatrical window, then what used to be called the home video window which is now dominated by digital and then post that, the window netflix has, disney pixar movies will be on this platform in addition to that, we will have significant amount of disney library product from the disney studios over time and television library product but we're going to make a significant investment in original disney branded television and motion pictures for just this platform >> now, iger saying today's announcements and the new majority stake of bam tech they're buying give disney a built to reach consumers in new ways and leverage of strength of their brand in ways competitors can't. iger said today's announcement set the company up well no matter what changes happen in the media ecosystem. he's certainly talking about

potential for more cord cutting. >> did he mean theatrical window, movies that might be in theaters currently or movies offered elsewhere as a pay-per-view >> he said there are no plans to try to shorten the theatrical window so the movies they'll be offering will come in the same window after they're in theaters disney's one of the few media companies that really is less interested in shortening that window because their films do still perform so well, they're number one in terms of studio box office share this year. >> julia, thank you. take a look at disney shares here we're close to the afterhour sessions down by just a fraction lower before we're at levels right now we have not seen since the end of last year. so who says to buy the stock on a dip? >> i think it's very interesting, 100 bucks is a very key level of support for the stock. you know, what we're hearing more about the deal and the digital tells me that these guys are addressing the biggest issue that i think they had. i think espn is still one of the best brands out there as well.

>> wait, there's a lot's going to happen. we'll see. we don't know how it's going to look, so i'd wait. >> chipmaker nvidia reporting after the bell thursday. break down the move. >> the implied move in the options market is about 8% that's actually pretty shy of the average over the last four quarters, about 14%. i have a chart here. but, you know, here's the thing, when we look at the implied move, it's about $14 in either direction for this week. if you are inclined to play this stock one way or the oo, when you consider some of the earnings move it's had over the last few quarters, there was one where it's up 30%. another one up 17% $14 implied move is foot so bad. you take half of that if you're bullish and you want to buy a call aftermoney call is $7. that's what you have to clear. this thing was up 60% at one point on the year. it's obviously at highs. to me when you think about this, it's been up over the last

couple of years, the money puts to protect, makes sense, or stock replacement, aftermoney calls, that sort of thing. i think the move is pretty cheap. >> fdariy, full show, we have final trade, stay tuned. [brother] any last words? [boy] karma, danny... ...karma! [vo] progress is seizing the moment. your summer moment awaits you, now that the summer of audi sales event is here. audi will cover your first month's lease payment on select models during the summer of audi sales event. alzheimer's disease the fi is out there.survive and the alzheimer's association is going to make it happen by funding scientific breakthroughs, advancing public policy, and providing local support to those living with the disease and their caregivers.

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>> dan. >> disney, i'm going to start picking them on the long side at is 100 bucks. >> i thought micon traded well today. >> i'm melissa lee thanks so much for watching. we'll see you back here tomorrow at 5:00tarts 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 "mad money. welcome to cramerica other people want to make friends. i'm just trying to make you some money. my job is not just to entertain but to educate and teach you so call me at 1-800-743-cnbc or tweet me @jimcramer. has this market, has this stock market finally stopped freaking out about the