>> there pretty much isn't going to be. so many things keep pointing in the direction of less fiscal discipline maybe they're goitolerate becaue of these needs >> someone better tell the ten-year at 2.1% today. as mentioned, the stock market did stage a turn around. up 57 on the dow thank you so much. that does it for "closing bell." "fast money" begins now. >> "fast money" starts now live from the nasdaq market site overlooking times square your traders are -- we start off with two events. the rain continues to fall in tekds and rescue and relief efforts are underway as the flooding gets worse. meantime, the world reacting to what japan is calling an unprecedented threat as north korea launched a missile over its air space, but despite this, the markets have managed to stay the course and head higher s stocked sold off today

the dow was down about 135 points at the lows of the session. before ending the day higher by 55 investors initially piled into risk off trade gold at its highest level in a year, but that turned negative the dollar getting crushed earlier, hitting two and a half year lows before gaining back all the lost ground then some. the vix which was up as much as 17% today ended up not even 4% higher, so, is this the market that you can't sell? and they're in a risk to the market what is? >> obviously, you can't at a certain point, but we had this conversation, the news about missile broke about 20 minutes into the show night. we had an interesting conversation, but one of the take aways was it wasn't the actually missile launch in our opinion that was going to be the side effect for the market it was whatever the response was going to be. quite frankly, we haven't seen a response, so i think we try to keep cool heads last night turned out to be the right

advice the vix, that tells you all you need to know opened at 13.5 closed on the lows of the day. still up 3.5%. given what we've seen now with houston, with north korea and very myriad of other things, the vix is still below 12, which to me, indicates your thesis of market you can't sell is correct. >> look at the fang stocks on the opening, this market is you know, down 100 and change. fang stocks were rallying, you saw risk and growth, especially megacap growth early in the session. maybe it was hedge funds trying to push around some safety plays early on, couldn't get traction, that's why we saw a rally later in the day in general, i'd say these fang names show ed a lot of resiliene in a take that was down out of the gate >> i think they are resilient. my view would be and i looked a @ qs this morning and said wow, they were up before other things my response is that's what you get when you have a defensive trade. >> ten-year at 209 today, which is the same level we woke up at

the day president trump was lek elected. that tells you what the market views about the trump policy and where we were this morning yields recovered a little bit. it was a defensive trade i think big cap tech will continue to be defensive i think the more important trade today was financials not only because of the yield curve, but they were seen as more of a validation of what's going on in washington >> are they defensive? were they the names of people wanted to buy irs first on any dip? >> not sure. but i think once you had a market going up, i don't know they led, you say the qs led, okay, i believe that i thought what happened today was people started to look at harvey as a big positive for obviously aside from the personal tragedy, just for the market just for so many industries that they think could be positively impacted and so many of you look at a name like -- or you look at the insurance companies.

talked about the yesterday about how it's a positive for them you look at companies that a make pumps and home depot and lowe's all that building and relocating and people needing new things. i think view that as an infrastructure spend >> right so there could be a near term blimp when it comes to pdp, longer term, there is that build. >> and the market will say, restaurants that are argumented in the area, that's a one-time thing. or these people who are going to have big expenses because planes weren't in the right places. they'll dismiss that as one time but for some reason, the rebuild is as more durable and prof profitab profitable >> a legitimate trade. >> there was no dip. be clear if you blink, you missed it, basically. >> points him to the safety trade. looking at large cap, megacap growth names as a safety trade now, it sounds redick louse. but you're look iing at very, vr

well understood growth stories that people are comfortable putting money to, especially the larger hedge funds when you think about the possibility of pushing around this tape, you're not going to push around those stories. they're too liquid, too big. some of the risk on you know, sort of risk off trades, easier to push around a little bit. i think they givegave it a return early and couldn't get momentum fang is a growth story >> to me, fang is more valuation story. >> you can you probably splitting hairs, but on what karen was saying before, in a perverse way, this hurricane might actually help trump get his agenda through they bolt on some infrastructure spend on the back of some tax regulation not that i'm some government wonk, but you could see how this could help his agenda as tragic as that might sound. >> this is one thing that democrats and republicans can get behind help for the people of texas

i don't know if there are in people are going to say no help. many on both sides will say yeah, this is something we can get behind and maybe this is the beginning of an infrastructure plan >> and i would say to you 100% i think everybody wants to get behind this. out of the gate, the message ouccoming out of d.c., whether you're democrat, republican, i think that everybody was coming out saying this is a you know, a cause this we need to 100% support as a country >> look, i think this is a really important time for president trump. and i think it's again, national disasters and periods who come together have been very good for beleaguered leaders in this country at different times. so, i expect, i hope he'll rise to the occasion. no question we want the best for the people of houston. and i think if you think about the fiscal trade, the irony is that was what was started all t madness about trump. that crazy press conference almost two weeks ago if you look at steel companies,

this is an environment, today, we had stuff on the tape where u.s. steel got a ruling before it goes to wto, a pushback against steel dumping. did not include china. included korea and brazil. so u.s. steel off to the races also an infrastructure play. trades what were working, copper was up and set highs >> and imports imports with steel are coming in through texas, so they're held up there, so in general, they're looking locally to build up as far as their builds will have you. so that's why steel rallied today. i think it necessarily is long-lived on this that. a lot of the shipments coming through texas. >> speaking of texas and local businesses, it's interesting to look at some of the local texas regional banks they're getting hit hard more exposure in terms of loans to small businesses, to

homeowners there you've looked at that in the past >> as a more general sort of oil industry is down right. >> and it's down once again. potentially. >> i think, i wouldn't want those very id owe sin cattic credits that i think small ones will have. i think there will be devastation because obviously, not everybody is covered so there will be, small businesses and home oowners as well and that's probably something i would stay away from, but if we do see rebuilding and we start to see inflation. >> even the ones being hit immediately. >> for more on today's stunning reversal, dennis, how did you read the turn around in the market >> it was most impressive. if you look at the futures

overnight, it was down 180 at one point and that looked terrible like you were going to start breaking trend lines if you opened up and stayed there it looked like you were going to have a devastating day it understood that what has happened in houston has put the debt problem back on the back burner that's not on the table any longer you've turned the markets in the reverse to the upside. the dollar was most impressive having traded down to 108.25 versus the end of the day at 109.70 if i'm not mistaken a very impressive turn around in a lot of places. tough stand back and say that was an inpressive performance across the board >> so, what does this make you more bullish on? >> you have u say it is a bull market trend lines have been tested

several times. today was a most impressive save on the part of the market itself i think you just have to say look, it is a bull market. buy almost anything. it wants to still go higher. there was every reason to think it was going to fail today it didn't. the dollar turned for the better the bond market was even stronger, the gold market finished well off its highs. hard to say what to be concerned about at this point. wabts to be a bull market. probably wants to go higher. >> i got a question about gold which you just touched on. is today we're not, gold even at its high today, didn't react that strongly. so what really now is the case for gold >> i think the only case for gold will be the continuation of the monetary experiments, the quantitative, the qe experime s experiments. there's talk the fed will reduce the amount of qe there's talk that the ecb will reduce the amount.

there's talk the bank of japan will they can't, they won't an here in the united states after what's happeneded in houston, has no choice but to remain expansi expansionary as long as that continues, i think you continue to see gold go higher. stocks go higher and strangely enough, the bond market go higher that's what's been going on. >> good to see you thank you. >> thanks for having me and david, the beard looks good. >> thank you, dennis following in your footsteps here >> uncanny >> twins >> come on >> what did you do today, tim? >> i've bought gilead, add tog a macy's position, which i think is not going to be an anchor, but a tactical trade u.s. steel is a name i've been trading. i'm not going to change my tune to where i was last night.

i don't think the u.s. has a very good way out of this. i think it's challenging from a military perspective we have to respond to japan and i don't like that backdrop >> news alert on uber. to diedra in san francisco for the latest >> melissa, never a dull moment. the latest, a "wall street journal" report saying that the justice department has taken preliminary steps to investigate whether managers at uber have violated u.s. laws against foreign bribery citing people familiar with withe matter we reached out and spoke person confirms the company is cooperating with the doj on the preliminary probe, this is yet another issue for uber's incoming ceo when he accepting the position. >> thank you in san francisco interesting development. just announced he would take the

job today. >> you would think the market would have improved give ben the negative news flow where the overhang is coming off this puts it right back in the penalty box lyft is a company that bodes well. buyers showed up across the board. once this negative press hit on travt, this is going to force more into the marketplace. >> i think for the new ceo, he's in a good position anything that comes up in the next several months, he could say look, not on my watch. new sheriff in town. we will fix it and he'll add a lot of credibility. >>. >> the first thought was if i did it >> we have no idea, but similar to avon, they had a bribery scandal. the new ceo could come in and address. >> coming up, oil hitting its

lowest level in a month as harvey shouts down more refineries in texas. plus, the new battleground for apple and google augmented reality. both companies making a major push to win the war today and later, amazon continue to dom its ryals, bival, but the ceo o penny says they should be t e ptilaouoninarcur. much more still ahead. for your heart... your joints... or your digestion... so why wouldn't you take something for the most important part of you... your brain. with an ingredient originally found in jellyfish, prevagen is now the number one selling brain health supplement in drug stores nationwide. prevagen. the name to remember.

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it all adds up to our most reliable network ever. one that keeps you connected to what matters most. welcome back to "fast money. apple hing a high today and unveiling a slew of new apps which could could be the next big catalyst hey, josh. >> that's right, melissa tim cook tells me that augmented reality will help make the iphone an even more essential product for consumers in the future now, his company is starting to unveil new ar apps one is ikea. it lets viewers place sofas and coffee tables in their homes or offices. one question i had, how precise is it. they say it's as accurate as if

i showed up at the store with a tape measure >> basically lockeded it into position get ge u gives you real sizing provide the models with real sizing and you'll see it as it would be in real life and you can change the dimension and color and texture. >> then there's gaming amc in gaming studio collaborated on a walking dead theme game that allows players to face the apocalypse in parks or their own yards it represents the next revolution in gaming it will surge to 165, it's according to global market insights no surprise, many big tech companies are now looking to cash in, including google, who just today unveileded a preview of a new software tool to bring ar to exist iing and future devices. these new will be available when ios launches ch apple is

expected to host its next big media event on september 12th. >> so, the key is, when ios 11 is launched do you need the latest iphone in order to do that is this a spur or catalyst for that giant supercycle which icd said will spur a 9% pop in shipment sns. >> what you need are ios devices with the a9, that would include the 6s or newer and would include whatever devices cook has in his pipeline, which we might see september 12th >> so people now could use that apps thanks, josh let's get to this. it's, guy, i don't know last time you went furniture shopping >> i love the ikea socket wrenches. >> but if you can place your fleper flugen sofa from ikea into your living room using ar, that would be amazing. >> it's a game changer because

typically, what i do -- i sort of go like this to the space then i just walk to ikea and make sure my hands aren't moving >> drives there just like this to make sure he's accurate >> makes me want to run out and buy the stock and the phone and irk kea. >> outside of the measurement, this is not a game changer for apple at all you're not buying the stock because of augmented reality it's about execution maybe at some point that can monotize this, but it's the phone, people we know that it's about this phone, the launch if this stock is 175 bucks, that's the top end i'd take money off the table >> saying there's a date, september 12th, that would imply there is a delay, that everybody was expecting. that was a sigh of relief. >> i don't know. could they say, all right, this is what it's going to look like, here it is it will be available to the public four weeks from

now. the numbers pulled back from the last week of the quarter starts to give you a sense of what it's going look like. i think we priced in some of this already i'm not going to poo poo the stock. we're now trading roughly 14 times and the yield, their services and soft -- if you think about this release and expect it to be the holy grail, that's setting up for a disappointment >> talks about the potential for that to run into problems. how they might be skating on

thin ice, paraphrasing now, but at a certain point, maybe these prices get too high, so just something to watch >> right he raises the point in terms of you don't need to trade the news at a what point do you sell the news we're seeing a stock that hit a high in the past, apple stock has ramped into a major product lawn >> the second quarter in the story, that's when you're going to see the biggest upswing in the stock. can it get past 175? absolutely i'm saying 175 because i believe that's the true level. your going to see sellers come out of this thing. then wa what they have to bring that next product to cycle and again, this is a major, major launch for them the next one is -- >> which is interesting, the last time we were approaching this, people were poo pooing the 7. this was a stock and innovation, apple was dead, dead, dead >> we got a news alert

tikhon brian sullivan is in galveston with the details brian. >> yeah, melissa, thank you. got a couple of pieces of news number one related to refineries, you talk about the shutdowns. the biggest may be happening reuters reporting just minutes ago that the motiva plant in port arthur texas is likely to shut down completely remember, they had reduced their output by about 60%. roeuters though one report sayin they're going to close that plant. that 600,000 barrels a day in refining that's the largest single refinery in the united states. remember, the second largest, the exxon mobil bay town facility close d two days ago that's one piece of news your other piece of news is a little more distressing. there's a global chemical company, french based, huge. they've got a chemical plant of some kind in crosby, texas, near bay town, near where the exxon facility is and they're saying

that plant is at risk of explosion. not saying it will explode, but they say it is at risk of explosion or some type of fire basically, it contains some kind of frozen chemical that can i guess when unfrozen, has a risk of blowing up. they said they lost power and then got to back up generators in, they were flooded, so they lost power twice and had to rescue 11 workers who were there manning the site we're going to watch for headlines. that is a public company in france arkay is your adr that trades here that's a scary situation everybody is out but they are setting up what they call a command near that facility kind of a second derivative risk my final piece of news ap just tweeting out that it is official, we have a new record that in cedar bay o, texas, 58.8 inches of rain fell. that is a new continental u.s.

record i think it's appropriate because it's the next town over from crosby which is where the plant is. it shows you that flooding not just taking a human toll, but there's a lot of big risk here as well. so watch that news >> thank you very much i believe last record set in terms of rainfall back in 1978 when ameila made it to land here, but in terms of the refinery picture, refiner, let's get to that because this is a group that is facing a lot of shutdowns, but there are refiners who refine mid continent who aren't impacted, t spread >> and blare is one of them. we were somewhere b about 2.8 in terms of what had been taken offline in terms of refining ca capacity if you think about katrina and where demand impact is something that's extended. we may be in a new kind of era

for this because this storm is something that's producing far in excess of katrina four plus months in terms of demand, shutdowns on the side. production will be a production back online, so the hope for people trading oil prices, which is that you could see resurgence here because of those supp here >> vaa lehr o, i think margin is going to be ticked up for them they're going to benefit any of these refiners -- >> even the ones with major disruptions. >> i think so. after a period of time, either depending on how long. we need to know. there wasn't damage, but it's timing >> we need to know if trs water inside the refinery. >> i'm sure, pretty sure they've kept all the -- all their refiners were still up and running. tim's point, they should benefit from this.

stock didn't trade anywhere. it went sideways to slightly lower. in terms of what the spread is doing, i thit's an interesting stock. >>coming up, dan yergen will b here to tell us what it means for the commodity. you're watching "fast money." here's what else is coming up on fast >> getting, loser, we're going shopping >> well, maybe not the retail route rages on and the former ceo of j.c. penny is here to explain the one thing retailer need to do to get people back in the door. plus, that's what bio sto are dg much more "fast money" after this

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welcome back all three major indices closing near session highs here's what's coming up in the second half of the show. bio tech stocks near a one month high fueled by a $12 billion acquisition by gal yilead. the traders tell you the names that could be ripe for takeover. plus, retail is on track for its worst month in more than three year, but the former ceo says there's one name that could give the e commerce giant a run for its money. first, more on harvey's impact, let's bring in one of the most respected energy scholars,

serves as vice chairman of ihs market we just got a report there are some very large refineries in the area, motiva, some others shutting in more capacity. what's your take on what's going on there with the refining picture? >> we think that the refineries that are shut in that are operating only at partial capacity, that we're talk about something approaching 20% refining capacity. another 10% is under harvey -- being shut in and impacted, which is just about the same level that occurred with katrina and rita a dozen years ago >> we're all monitoring this, it seems like the flood waters continue to rise the impact, how long refining capacity remains off

>> it's the concern and we found that again 12 years ago that thdamage up. there's some brighter parts of the picture, corpus christi and so forth but what else was really different from last time is the energy position of the united states 12 years ago, we were reporting 60% of oil today reporting 22%. so the lodgistics don't all that shale oil, oil, the eagle fehr, seems to be coming back, which is one of the other shale areas, but the question is, will they be able to move oil to the refineries or is there a back u to the system to the other side. is the question, products what products will be available and other pipelines including to the northeast, so it's a very

complicated lodgist cal network that we have now that since we didn't, to just tell you the difference, 12 years ago, texas produced about a million barrels a day. today, produces over 3 million barrels a day. >> thanks for joining us you've been around the world looking at space, so where does this maybe put us if u.s. simply is crimped a bit, where are we with the global balance. i know saudi arabia and russia are maybe lobbying to extend what's your view on the balance now at the end of the year >> there are two things going on of course, a number of refineries, first, it's in asia, that have come to depend on u.s. imports. middle east crews cannot have the same quality to replace those, so i think there's a whole kind of reshuffling, probably see gasoline ship from mid-atlantic states. gasoline comeing from the southwest. on a global balance, i think

what you see is the strong oil demand is out there. production has been rising, but what we're really looking at is a big dislocation and how long it lasts and its impact will have an impact on prices putting that aside, we expect prices to kind of stay more or less in the kind of range now. but we have to see what the extent of f the disruption is in the united states. how quickly and easily shut in production of shale can come back >> in terms of the wti picture, dan, what will influence you in terms of where you see this price right now, we see it under pressure got an spr sale at the head wind for wti, but longer term, if there's not as much production as before in the simply, and demand is still out there, prices should rise

. >> wti, really have the discount, from the shale regions that can't really move to the refineries indeed apply to other oil, too >> let me ask you something, how much cushion is there in the system of refined product. before we really start to see disruption, we could see a big move on gas prices >> gasoline hasn't been over 2.50 a gallon since august 2015. if this persists, you see in wholesale prices, gasoline prices are already up. and if the refiners aren't operating, then prices will go up because it is a real disruption. >> dan, thanks so much for being on the show. it's our pleasure, dan vice chairman of ihs market.

>> the commodity, i've been negative largest you know, drawdowns we've seen in history. you can make the argument that it still crack 50. now we're in this area, sort of coming around. obviously, it's going to end up being an issue for crude i think crude was a lot lower. i think it goes to 40 and below 40 >> i think that's nuts, but i mean i expect anyone could have the view there's a self-kreking mechanism. i think below 45, a lot of investment goes out window i also think those drawdowns were actually very important in getting us closer to a bounce, which i realize is going to be under pressure here, but i have been buying the xle. >> i'm sorry, in the praek, you

mentioned frontier, hfc and the move you've seen i'll point out, that stock has been under incredible pressure probably flirting a six-year low, but yet, they reside in areas that are unaffected by this, so you could see potential, the move over the last week continue to the upside >> coming up, gilead's megadeal to buy pharma. could this be the start of a merger boom? we'll tell you the stocks that could be the next targets. plus, the retail route rages on as stocks are on their way to t ntinhr yrs teeea, but with could there be a rally ahead? much more straight ahead he ow'? um... who are you? i'm val. the orange money retirement squirrel from voya. i represent the money you save for the future. see? we're putting away acorns to show the importance of being organized. that's smart. who's he? he's the green money you can spend now. what's up? oh you know, gonna pay some bills, maybe buy a new tennis racket. tennis racket for a squirrel? he's got a killer backhand.

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welcome back it's been a big week fwr bio tech this move coming on the back of gilead's $12 million purchase of kite therapeutics yesterday sending share of other names like juno and bluebird bio soaring onlation there could be more deals down the line could this be the start of a bermuda z bermuda. >> i think so. we've talked about kite.

seemingly for the last couple of years. as potential takeover plays for this therapy treatments they have and you know, gilead fin finally pulled the trigger you can argue a they paid up and they did pay up. but if the technology is right, this is going to be a great deal for gilead what does it mean? i think it forces the habd of a celgene, novartis, maybe a pfizer drug. list is somewhat long. is there more to come? i say yes. >> bio pharma is on the hunt it's going to be something qulon koon kole ji, a vertex >> that's why you like xpi >> correct it has been the outperformer because that speculation is sort of embedded in i still like xpi longer term over the ivb just for takeout speculation. >> options traders are getting bullish here on the back of the deal let's check in with brian with the options action

brian. >> the stock moving huk here they traded for 220. they were out there grabbing any calls over 1200. 42.5 calls traded, so people going in there buying calls, selling puts, bullish. it seems like the deal puts a price tag on what se scepter therapy is and that means that celgene may have to increase their stake there to get into the game at least in support a group like juno, who doesn't have any other drugs in the pipeline besides the t cell research going on looks like it's going to come to fruition it's a fantastic technology. i worked on it 20 years ago. this is a home run here and these stocks are poised to move higher >> wow didn't know that

>> didn't see that coming. >> brian doing the options action little bio medical action happening, too more, full show friday 5:30 eastern time up next, retail's major route. those stocks tracking for their worst month in more than three years. plus, former ceo ron johnson for tas calls on the group in which reil stocks he thinks is is amazon's biggest threat. hey gary, what'd you got here? this bad boy is a mobile trading desk so that i can take my trading platform wherever i go. you know that thinkorswim seamlessly syncs across all your devices, right? oh, so my custom studies will go with me? anywhere you want to go! the market's hot! sync your platform on any device with thinkorswim. only at td ameritrade

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if you look at the spyder funds, it's lost nearly -- it's got nearly 100 stocks in it. of those, nearly 30 have fallen by 10% this month among the worst performers, shares of sporting goods and athletic retailers which many parents shop this time of year foot locker, dick's and finish line among the worst performers. developed this week as finish line cut this year they have been pressuring a lot of retailers in this pace space and other part of the retail world. we'll also mention electronics retailer, best buy it's negative on the month after a big drop today despite dropping a profit. best buy did caution investors

not to count on recent cost of performance as the quote unquote new normal but it's not all bad news. some retailers like american eagle outfitters, urban outfitters and guess have posteded positive this month many are highly dependent on the second half of the year for sales. now, it's about whether some laggards can turn things around as e head out of the back to school season and into holiday season at the epd of the year. back to you. >> all right, thank you, dom chu from the new york stock exchange one common thread this those tales of woe that dom mentioned the retail sector, amazon.com. it's been a major factor, so can anyone survive amazon's wrath? ron johnson is founder and ceo of enjoy.com welcome, ron, to the nasdaq. it's a pleasure to have you here in our house >> good to be here in person >> exactly so, in terms of the one retailer, what would that be >> well, no doubt, there would be a great price hike over the next decade. walmart against amazon

amazon's been in the physical retail business for two days now. they're new at it. they swrus starteded with whole foods. aren't really count their stores walmart has a 56-year head start building out stores. when amazon bought whole food, they said we need physical infrastructure to compete long-term. they're going to have to be adding that. expensive. physical retail much harder, so they're going to be drinking from a fire hose while walmart is putting so much energy into the online side. >> so you interpret the deal as a concession amazon is making >> no doubt. >> they need to figure out that last mile to make it productive. they've got to have a physical plant. it will be interesting to see where else they might go >> where do you see the landscape in five or ten years sounds like the winners could be the large guys then you have these smaller players like nike and some of the ones that provide the goods

that are sold going direct to consumer so you have to bifurcation in terms of the large guys who distribute and sell goods on behalf of other people >> exactly right you look at best buy best buy is the first company amazon went after when it got into e commerce. electronic, those categories they've learned to compete really well with them. their online store has growner had their best quarter in seven years. they're investing not defense into their e commerce capability just saw massive price cuts. amazing price cuts just sold out of product 50% of the work in revenue amazon is on the hunt. walmart is number one.

then you've got german discounters coming in with quality product undercutting the shares two potential guys or businesses going after walmart's jugular. how can they, how can you say they're going to be able to -- >> pricing and physical retail is very different. in pricing digital retailer. digital retail, you can check it physical retail price is lower they'll respond appropriately. they'll compete. not worried about wall mrt and pricing. >> do you see the evolution of the business in terms of in store and walmart? >> i think online is going to continue to grow but people are going to start

onand pick up in stores. kids can get all mashed together that's why you need to get fi physical infrastructure. they've gone to the store closures circuit city went away what was left, best buy and amazon, two large players and they're competing well and it's a pretty level playing field not trying to get market share they're puing people in homes. others have to go through that rationalization. target's big enough. their biggest issue amazon's got a strangle hold on the young mom, that affluent customer that used to be the target customer it's like target is in a much tougher position than walmart is but target will step up, too target, people have a great

affection for the brand. the history is with all cross shop right now, we don't kros shop a lot online but that will change as people get better >> great to have you ron johnson. ceo of enjoy.com check that site out. pretty interesting sam, you are adding to macy's what do you see there? >> i see five times a year, 2018, is more or less where this thing has been trading they've increased their same store sales slightly in the last four made improvements. i think the real estate option is something very interesting i think. i think that's it. >> finish line, you have been in it got rid of it. right? >> yeah, it's cheap, but should be very cheap. not looking to -- >> all right >> une, natre. st tunedl ad

back to the final trade. tim. >> i think you can buy energy here xle >> karen >> do think if there is going to be another survivor in the space, it will be walmart. >> david >> some of the restaurants that got hit during this tragedy in houston, win stock is one of them i think the pullback is a buying opportunity. >> first time he's been onset here >> yep >> awesome know what else is a first?

back-to-back micron. they upgraded the name >> again all right. i'm melissa lee. thanks so much for watching. see you back here tomorrow at 5:00 don't go anywhere. "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 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.