bonus. i'm not tempted on the watch, even if it worked, i don't think i'm going to go there. >> i could go on a run, at the coffee shop. >> this is 50 years old and still does what it's supposed to do >> and no headaches with that one. anything for tomorrow? >> no. digesti digestion, flat markets. >> see you tomorrow. thanks for joining us on "closing bell. "fast money" starts right now. "fast money" starts right now, live from the nasdaq markets overlooking new york city's time square i'm melissa lee. tonight on "fast," you just heard it, apple shares tanking as poor reviews of the watch and after tests of the iphone 8, you too might be hitting the sell button plus kevin o'leary of "shark tank" fame striking a deal to

sell his plated service to albertson's. mr. wonderful himself will join us live. later, extreme stocks. guy adami is eyeing one stock up 65% this year. you will not believe how much higher he sees it going. he'll give us all the details. first, the big story is the fed starting the great unwind of its balance sheet, leaving the door open for future rate hikes. >> we continue to expect that the ongoing strength of the economy will warrant gradual increases in that rate to sustain a healthy labor market and stabilize inflation for 2% longer run objective >> and the reaction in the market was fierce. check out the dollar, soaring nearly 1% for its best day since january. the yield on the u.s. 10-year hitting its highest level in more than a month, all of this giving a boost to the banks, particularly the regional and money center ones like jpmorgan

and bank of america. is the fed for real? what should you do in your portfolio? tim? >> it's absolutely real. all the points since it started to rally back, at the end of qe, it's an important moment it's not going to happen tomorrow again, we were targeting stocks, the fed was targeting stocks with qe. i don't think markets are going too low. there were some headlines today that were scary but the fed talked it back like we expected them to. but this time is a little different. >> it is we're highlighting the move in the ten-year yield today but the move has been dramatic since the beginning of the month. from the beginning of the month, september 8th, we were at a ten-year low and all of a sudden here we are, way up here we saw the banks react we also saw the dollar react it's a double edged sword. >> it is karen and i had this conversation earlier one of the main reasons we saw the ten-year get down to 205, maybe 201, because of what was

happening with north korea i don't think there were necessarily any economic forces behind it. so one can make the argument that maybe 220-ish is where we should be anyway so i hear you. >> how about washington dysfunction? i don't want to interrupt your train of thought, but washington has not helped the ten-year. >> 100%. i do think the north korea headlines is probably what's ratcheting us up in bonds, down in yields. >> why should washington dysfunction have any impact now? we've had dysfunction since -- >> guy was saying it was dysfunction -- >> we've had months and months to see that happen >> are you telling me the market is expecting any good out of washington >> no. they haven't expected anything good out of washington for a while now, i don't think it has that short term impact i think the unwind is the true impact the fed can only screw this thing up >> so there's risk to the downside >> i feel like the risk is to the downside every time we've talked about

the fed screwing things up, they've always said we can take our foot off or push it down it feels like they're setting up for a win-win, no-lose scenario in the fed and that never happens this grave train hy train has to an end sooner or later >> we're talking about this agreement before it seems like janet yellen has orchestrated a mammoth heist everything has been planned perfectly. she had everything she needed. she's saying, nobody do anything stupid and we're all going to get out of here fine and so far it's working. she's got an excellent plan, she's telegraphed no quick movements, telegraphing everything i think she's done an extraordinary job to this point. who knows? the market won't be spooked when they start i don't know obviously you could get something from left field. we've seen a lot of things from left field, and she's sticking with her plan, and it seems to

be working >> doesn't that tell you just how important the fed has been to this market you're basically say, boy, we're going to pull a highest oeist o seeing if we can sneak $2 trillion out of the room i think it's a big event for stocks maybe you're not agreeing with that or agreeing, i can't tell, but i think it tells you how important the fed has been to equities >> you're saying it creates greater risk and therefore you would be afraid of equities? >> after qe 1 ended, we had a major pullback in markets. after qe 2, major pullback in markets. all of these were telegraphed to markets. you can't tell me if things are good in this economy -- you can't have it both ways. in february, march of 2016, everybody said the fed will push us into recession. >> lisa made a good point right after the decision was released, the statement was released when we're exiting this trade, so to speak, we're in an

environment where there's extraordinary liquidity, much more than when we started qe 1, qe 2, qe 3 >> there's even more >> the impact will be much less because we are -- >> the buoyancy that's been created by the fed is even that much more, i would say >> i hear what your point is >> my pushback to steve liesman would be, it's easier to get into a position in the former environment than it is, right? so i hear what he's saying >> everybody -- >> we're saying pretty much the same thing i don't know how they thread this needel. to karen's point, i saw "dog day afternoon. the first 90 minutes were great. doesn't end that well for the guys in the movie, if you recall >> it seems okay now, we hit record highs seems okay, right? the market response was practically nothing. but we're all worried. is that the message here >> my point is, there's no worry in this market >> how do you express that in your portfolio

>> we express it as high multiple stocks. a lot of environmevulnerability. emerging markets went down 1.4% on the news and rallied back to take back half of that you look at sectors that are relying on excess liquidity and global growth. i think in the short one, people have to digest what's going on here >> karen >> having had banks for a long, long time, i wouldn't be starting today to buy them probably tomorrow look to sell some upside calls. they've had a huge run we're going to see earnings soon i think that, you know, they've had a nice run, let them sort of consolidate a little bit i wouldn't jump in right now if you've had no bank exposure. >> aren't we to believe that, if the fed is exiting, we could have rate increases as well, the yield curve should be

cooperating at this point. we saw them rally on the ten-year yield >> i think there's so much focus on this 210, we talked about it yesterday, that's really a red herring. banks like jpmorgan are asset sensitive, asset priced, far more quickly than your liabilities. if you have a rising rate environment, the 210 is a red herring. but i think the run anticipates that >> okay. so in terms of the sectors and the stocks relying on the fed's largesse, are we to believe, if the dollar is going to strengthen, should we be concerned about some of the stocks that benefitted from a weak dollar? >> steve may or may not agree, there are two things that stuck out to me today. we all talk about the ten-year tlt closed up on the day slightly xlu, a utilities etf, in my opinion should have sold off a lot more than it did today listen, obviously 24 hours does not a day make, tomorrow is a brand-new day, i get it.

if xlu were to go positive tomorrow and the tlt were to rally tomorrow, which there's a good chance, maybe the 210s that are not a big deal for the banks become a big deal for the economy. >> all these correlations seem to be off the table. when you see the dollar is telling you something different than what chair yellen has been telling us, so if we look back historically, you should be a buyer of health care, you should be a buyer of energy, you should be a buyer of telco, with raising rates. united health care is at all time highs health care has already run. energy has not run >> if there would be a true rotation, and jury starting to see that rotation going into value, energy could outperform >> rotation totally makes sense here the dollar's been -- it was overbought, it's been oversold to see it rally with a rate hike >> it should be a strong -- >> a stronger economy, the dollar should be rallying. if you look at that chart, the trend line --

>> the dollar is a function of the euro, first of all if you look at the dollar index that's posting on 6% of the euro, a lot of that is the euro. to be clear -- >> i'm sorry, the rest of the world is still loosening they're tightening >> no, they're not >> on a relative basis >> the ecb is effectively telling you they're about to do the same thing >> effectively we are doing it. we're at the tail end of it. >> what you're saying doesn't make sense to me if that's the case -- >> a dollar is a dollar. >> if you're telling me we're the only guys doing it, the dollar should have been rallying weeks and weeks ago. >> what do we do today >> i thought it was interesting, kudos to rich ross on fedex, because he said it goes higher on the day he's number two on the top three. the other thing i thought was really interesting, biotech just hangs in there regardless. say what you want about fed. i think what is fed proof, if you want to go that route, is

the ibb. >> i will buy sales in upside calls, xlf and probably citibank >> i actually sold emerging markets yesterday. you heard me say it has a little trouble. em ultimately has faced the abyss with the dollar. gold continues to get hammered i would be concerned about industrial metals. there's a lot of pressure coming out of china in terms of steel some people say we're in peak steel. i'm cautious the gold precious metals trade still looks very vulnerable to me >> i'm keeping my eye on oil crude, 50.17 cents in wti crude, that's a major level for crude to get out of that declining ace we've seen on a trend line look at that level, if it holds above that, there's still some energy coming up, chipotle feeling the heat activist investor bill athens says investors are missing something big. plus breaking in the after hours session, cnbc's kevin o'leary of "shark tank" fame

striking a deal with albertson's for his meal kit business, plated what does it mean for the other grocery stores we'll tell you in a moment and later, tech guru lance mulinoff has the brand-new iphone 8 and the new apple watch. he's going to put them all to the you met "fast money" test. the results might have you hitting the sell button on the stock. much more "fast money" still ahead. at ally, we're doing digital financial services right. but if that's not enough, we have 7500 allys looking out for one thing, you. call in the next ten minutes to save on... and if that's not enough, we'll look after your every dollar. put down the phone. and if that's not enough, we'll look after your every cent. grab your wallet. access denied. and if that's still not enough to help you save... ooo i need these! we'll just bring out the snowplow. you don't need those! we'll do anything, seriously anything, to help our customers. thanks. ally. do it right.

welcome back to "fast money. chipotle stocks are rallying after bill ackman defended it. >> we paid 4 or $500 a share, we think it's extremely cheap i think people should take a look at that one >> how cheap did it get? it's down 25% since ackman took a stake in it a year ago

>> bill ackman has forgotten more about stocks than i'll ever know at 29 times former earnings, i don't know how you make a compelling environment that it's an incredibly cheap stock. it's cheaper than it was, maybe, but it's not an incredibly cheap stock. the reasons to buy it, maybe they turned things around. i don't think valuation is one of those reasons >> a lot of analysts were hanging their hat on a new product which you could use as a dip but it got widely panned they reengineered it, now it's all natural, but the stock is down on those twitter bashings >> queso was a reason to catch people's attention it wasn't a product that was going to change their business guy's point is really what it comes down to, you don't pay yesterday's multiple on the

stock but you don't necessarily put this thing at a major discount we've dealt with the food crisis it's a generational thing. >> i don't think that this is something still hanging over them >> this is ripe for a guy on the street thing i think people still have that in their memory banks. and when you go and you walk past it, it's not worth the risk to me to step in there it's almost -- >> nothing is worth the risk to you. >> you have to understand the germophobe >> riding the subway is horrific for me yes, i am on the other end of the spectrum but the stock chart signifies there's other people still worried about it versus just me alone on an island >> what does mcdonald's trade at >> right now, in a high 20s multiple chipotle is basically trading at 27, 28 times 2018. i see a chart that's been

bottoming and that 300 is clearly to me a level that this stock has kind of vacillated around and it's finding that place. i think the bad news is in this stock, to me there's only chance for a decent momentum. sticking to the food space, "shark tank"'s kevin o'leary landing a deal for his meet kill company plated aditi roy has more >> reporter: hi, melissa with blue apron's weak ipo, it was predicted that competing meal kit companies could be acquired albertson's announced the acquisition of meal kit company plated the financial terms of the deal were not disclosed under the deal, albertson's customers could buy plated meal kits in their stores which go for 10 to $12 each for albertson's, who put its ipo plans on hold after amazon announced its acquisition of whole foods, grocery chains are

struggling plated gives the company ready-made distribution centers for their products for both companies, it's a way to tap into the $1.5 trillion u.s. food industry, according to analysts analysts say the move could make things more competitive for blue apron. their shares are down 46% since its ipo. in the after hours that their shares are spiking about 3.5% upon this news analysts from oppenheimer tell me the deal could be a good opportunity for albertson's and plated you might expect other grocery stores to follow suit. kroger's is testing out its own meal kit service at stores in selected markets i just heard back from a competing meal kit company who says there is likely to be more consolidation, not mentioning whether their company could be potentially part of that melissa? >> aditi, thank you, aditi roy in san francisco kevin o'leary, a.k.a. mr. wonderful, joins us on the

phone, great to have you with us >> great to be here, thank you >> spill the beans how much did you sell this for >> you know, i know the number i would like to see it disclosed, i think albertson's doesn't want that known for competitive reasons. it's a 1346% return for me, the largest exit in "shark tank" history. it's a game changer for the only public company blue apron should start to be worried, because they don't have the new model. the model is this. what's happened with albertson's, they said after watching the deal occur between amazon and whole foods, that you want to have thousands of brick and mortar grocery stores in communities where these online services are bolted onto so you can immediately fulfill those meals from the store closest to you. this changes the game. it also reduced the customer acquisition costs for plated by a huge factor. there's 35 million customers a

week going to those 2400 albertson's stores if i were blue apron, i would feel naked i would feel that i need a partner with stores and i need it now because this is all about getting customers into the cycle of subscriptions >> in the after hours session, we're seeing blue apron shares spike. i believe the thinking in the market is this deal will put a better multiple or should put a better multiple on blue apron. they're viewed as a take-out it sounds like you think that, i don't know, it's almost like twisting the knife in blue apron, this deal that you did. >> i think what it means is the model that works best is to take customers that go into grocery stores every week and turn them into online customers. so they're experiencing both the ability to order not only their plated items but their regular grocers on top of this platform. so maybe what you're seeing is another grocer, brick and mortar

grocer with thousands of outlets, maybe kroger's, will buy blue apron but i don't think the long term prognosis for a stand alone supplier like blue apron is good when the model is being defined by amazon and albertson's and kroger's that's just one man's opinion. but i'm really glad i'm an investor in plated today >> it's karen, congratulations for that deal. do you know if albertson looked at any other companies before deciding on plated >> they might have but the executional excellence, it was evident on "shark tank," these guys really nailed it in a very, very competitive market. they built distribution centers in chicago, they if i could out supply side management i was betting on their skills because i knew it was going to be competitive they were able to acquire customers on an ongoing basis. they weren't as large as blue

apron but they were very good at marketing. i think the writing was on the wall the second the amazon deal was announced with whole foods because the next day whole foods announced their meal service the game has changed this happens all the time with these platforms. i think you have to marry up if i were blue apron, i would buy the rest of the competitors' fulfillment centers and make themselves look very pretty for a kroger's or someone else if that's your investment thesis, maybe it is a buy. but if they stay naked and alone without a brick and mortar for two years or so, i don't like the long term for them >> kevin, thanks for phoning in. always great to speak to you congratulations on this bad. not bad, a 1346% return on his investment >> which is why he is rightly titled mr. wonderful >> and a shark >> i don't know what the details of this deal are it gives a valuation, it puts a floor, perhaps, for blue apron i'm more in the kevin o'leary

camp blue apron is now without somebody to go to the dance with that's a lonely place to be. i say that because i've been there before and it ain't a lot of fun any spike in apron probably has to be sold >> up 3.5%, i think it's a lackluster performance great deal for kevin but the gorilla in the room is amazon and whole foods you can't compete there. they will marginalize this business you cannot compete i think it will be very tough for blue apron to find a dance partner. >> again, that's got to be, whew there's a hundred meal kit companies out there. kroger is going hard, the germans are coming to town and they're going hard i get why it makes sense for albertson's, but this is a company whose sales are down over the last quarters, they needed to do something and needed that interface with clients. up get the deal for them there's not many of those out there. >> i'm shocked they ever got

blue apron done. >> done public >> maybe they say, we had a quarter of being public, it's not for us, we're going to sell. i mean, maybe. still ahead, wall street legend asher edelman is here he says forget about the republicans or the democrats when it comes to health care, he's got the cure. i'm melissa lee. you're watching "fast money" on cnbc, first in business worldwide. can you spot the difference in those two images? the answer could explain why apple shares are going lower we'll break it down. plus hide the kids close your eyes. because a number of stocks are making obscene moves higher. we'll give you the names and tell you which ones you can still buy, when "fast money" returns.

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welcome back to "fast money," we're live at the nasdaq market sight coming up, asher edelman, the real life inspiration for gordon gecko, has a bold call for president trump on health care a number of stocks are going absolutely wild. we'll give you the names and tell you the moves first, the sour apple reviews keep on come in. they're not getting any nicer. this time it's about the new apple watch series 3, "the wall street journal" slamming the watch, saying it's untethered and unreliable with is that right battery life the verge says, misconnections, you should still call me on my cellphone. our next guest is, lance ulanoff

is a "fast money" friend lance, welcome >> i'm the only one who likes this thing >> you haven't had problems with it >> i did not have that specific problem, i know exactly what you're talking about this is the apple watch series 3 with lte which means i can make calls without my phone being with me. some people ran into trouble because they said the watch was getting confused and trying to connect to open wi-fi networks it turns out, yeah, if they had been to that starbucks or that mcdonald's before and it's in their phone, yes, it would try and connect to those networks. but if you forget them, that won't happen in my test, that never happened. i like the phone it's not a redesigned phone as far as the outside, but inside it is all different. it's got a dual core chip. it's got obviously the antenna it's got the heart rate monitor that's really jazzed up with the ability to check recovery rates. so if you are into working out and want to leave your phone behind and actually really tracking how it goes, this might be the watch for you

it's not cheap, and you'll pay for the data with lte. i actually think this is still a good device especially amongst smart watches out there. >> how was it making a phone did you look like a jerk >> i looked like a jerk. as soon as i got this device i tried to make a call, i called my wife. she had no idea i was calling her from the watch she didn't know at all and i did not hold it up to my mouth. what i did do, which was smart, was yes, i used the air pods so people could nod hear what she was saying i did try it without them. yeah, it's a fine speaker, it's not for a long phone call. i wouldn't do that but it definitely works. and by the way, data is not just for phone calls. it's for texts it's for e-mail. so all of that works >> let's move on to the new phones that are out or available for order, the 8 and 8 plus. >> these are very good iphones

from apple they should have been called the 7s and the 7s plus why is the glass back important? it's strong, it looks pretty, it feels good two, and this is important, wireless charging. finally. finally we have wireless charging so that's a big deal $59.99 from belkin for the wireless charger air power chargers coming from apple this year. >> is that the only reason >> the chip inside of it is the most powerful chip that appl has ever made. it's a preview for what the apple iphone x will have they've improved ios 11, obviously it has a ton of changes, they've also improved portrait mode. if you were to see some of the shots we took in portrait mode, you would see low light, optical image stabilization built in,

flash photography, something called portrait lighting which is beta. >> we did put the phones to the test against the iphone 7. we said, tim, go out to times square, and a video with both phones, to spot the difference 7 or 8 left or right. >> the one on the left is the better one >> is that right >> no. >> our left. >> it's a little hard to tell. these cameras are both still 12 megapixel cameras. what they've done is worked on the chip side and the processing side for better photography. but, you know, sometimes it just depends on how it catches the light. >> i felt like we weren't connecting in that first photo, i feel better about the second one. >> can we show the second photo? iphone 8 on the left or the right? steve, what do you say >> it's a love story >> i go right. >> left is 8 >> i felt more can we with the guy on the right

>> take a look at his tie. that's probably one of the best ways to notice the difference. see how richly red the tie is on the left and that's one of the things they've done with the processing, to punch up the colors, make them richer, more true to life so there's that. i hope we can see the portrait >> we're going to go to the video now. there we go. left or right, the 8 karen? >> it's so ridiculous. i don't know >> the video or this whole game? >> i'm oh for three. >> a little bit better colors. you know where apple has done the work on the video side, is if you shoot 4k video, you can now shoot at 60 frames per second it looks like it's popping off the screen those screens are still retina hd screens they've done some work on the back end, true tone now works with better colors, depending on the light in the room. again, these are not wholly redesigned devices i think that's what we have to remember

if you have an iphone 7, you wouldn't buy this, you would wait for the iphone x. >> if you want to pay all the extra money. >> well, if you want the next gen. it's more money. you're basically getting what is the future of apple iphones. >> i don't know why you would buy this one >> you would buy it if you had a 6, a 5s, you need something right away, and you don't want to spend $1,000, because that's what the iphone x is going to cost you that's at the bottom level with 64 gigabytes if you get 256 gigabytes, you're spending a boatload of money these are also, by the way, $699 and $799 at 64 gigabytes >> thank you, lance, for coming by you indulged us in our folly >> i would like to thank the disney characters for their participation in the robot dance. why do i mention micron? look where it traded up to today, look how it failed.

look how many shares it traded, almost two times normal volume, traded to the old 2014 high. we've been on this name for a while. now might be time to pull the rip cord and take some comments. >> are we concerned about this pullback in apple? >> you shouldn't be concerned about the pullback it's getting an unfair harsh review by everyone reviewing these phones it broke trend when the facial recognition didn't work on their presentation you saw it in the charts that day. that to me is not a reason why the stock should break down. i feel like everyone came through, just slamming this phone. this is no different than every other iteration of this phone. >> to be fair, there was a call from rosenblatt security saying the preorders for the 8 were much lower in the u.s. as well as china in the first three days compared to the 6 and the 7 preorders. there could be a wait for the x. who knows? >> we always talk about buying or selling on the news buying into a new launch is not the way to go. the stock did exactly that,

peaked right before, i would think they'll fix the watch problems, they always fix whatever bugs, you know, the antenna-gate or whatever it was, it's a little more interesting to me. i don't own it >> the only concern could be production the watch, we were not concerned about the watch two weeks ago. why are we concerned about it now? so ultimately i think this is all about what this stock did, this number. the expectations were massive. meanwhile the x is the phone to buy. that's the one people are waiting for. >> we want to know if you out there plan to buy the iphone 8 when it goes on sale on friday it does not come with that video, by the way. >> terrible robot, guys. >> go vote right now on twitter, cnbc fast money. we'll reveal the results later in the show. ahead, asher edelman has a surprising plan he says is the only way to fix the health care problem. one stock that's gone

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and some stocks have seen big upside momentum. we've looked at russell stocks trading at half a percent of their recent highs, 10% over their average over the last ten days among the notables, you have dow industrials powerhouse boeing, at record highs and 34% above its 200-day moving average cosmetics giant estée lauder also need record levels and 22% above that trend line. construction and mining equipment maker caterpillar also near record highs and 22% above its 200-day. credit card company mastercard, you guessed it, near record highs and 21% higher than its average price. and then there's online auction site ebay, yes, record highs and 15% above trend. being short these stocks has been a death by a thousand cuts,

melissa. what if the big leaders on the way up do some of the same on the way down the big debate for some traders on some of these brand names is whether or not these record highs and momentum can stay intact back over to you >> thank you, dom. dom chu in the newsroom. are you trading or fading these extreme stocks guy? >> we've been talking about this for a long time. now answer is, you stay with it, you trade. people will shoot against it on valuation, 23 times forward earnings, it's expensive, i agree. what's happening at boeing much more efficient. the cost reductions are massive. that means margins are going to improve. they have tremendous free cash flow they just had their analyst day to day a lot of analysts raising their price targets. the lone dissenter seems to be goldman sachs. there's still clear sailing for boeing i know the utechs deal scares people boeing goes through this and continues to go higher >> i agree i owned it below $50 and sold it in the middle 100.

so around $155 i missed this last run of $100 i did not see this coming. every time you hear president trump talk about defense, all these names run. i think it has more ahead of it. i believe mastercard has more ahead of it. >> estée lauder was a pitch of yours. >> it was a fast pitch the health and beauty segment has been very popular to invest. the margins are insane estée lauder's margins are close to 80, that beats l'oreal. so it's 24 times next year, not very cheap, but they're ahead of their peers, i would own this one >> mastercard is one i've owned for years. they came out with a huge investor day and the stock of course has done well on the premise of payments based moving away from cash. however, i've got to take a look at the pressure on pricing it hasn't taken effect yet

it's not cheap great company but not cheap. >> we should note before we leave this conversation that boeing was a fast pitch of yours. >> we do those things when you get the mitt and the hat >> and you pitch a ball, you pitch a stock. >> karen was at citibank a while back the fast pitch is going well, no >> are you going to break my heart with the fast pitch? >> we do that so we can hear tony braxton >> so you could hear tony braxton. all right. let's move on. caterpillar is up, options traders are betting the rally is just getting started hi there, mike khouw >> they were buying a lot of the october 120 calls last july, they're selling them now, taking those profits and buying more of them, over 4,000 of those 130s

traded for $1.90 apiece. full disclosure, i said on options action that we thought cat's run has gone as far as it was going to this person obviously advidisag. >> thanks, mike. check out options action on friday, 5:30 p.m. eastern time ahead, asher edelman, the inspiration for gordon gecko, has a new target, the health care system. he tells us w thohehinks the drama in d.c. is going to play out. much more "fast money" after this 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.

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welcome back to "fast money. senate republicans gearing up for another battle for health care reform, armed with a new bill kayla tausche has more >> reporter: republicans scramble to repeal and replace by a september 30th deadline this new bill, called graham/cassidy, sponsored by four republican senators, is one that the white house has now thrown its support behind, saying the president will sign it if congress passes it here is president trump today. >> i think it has a very good chance obamacare is a disaster. it's failing badly you look at the rates, you look at the what's happening with premiums for people, they can't afford obamacare, it's been a catastrophic situation i believe that graham/cassidy really will do it the right way. and it is doing it the right way. it has tremendous support from

republicans. we're at 47 or 48 already, senators a lot of others are looking at it very positively >> it would dismantle the structure of obamacare but keep much of its revenue intact it would cap medicaid expansion and allow each state to figure out the replace part of repeal and replace on its own states that didn't expand medicaid in some cases get more, and states that did in some cases get less that's one reason why a bipartisan coalition of gov anothers oppose the bill, as do lobbies representing insurance and medical providers. some gop senators are undecided. take the four senators who voted no on the prior bills, senator rand paul is planning to vote no on this one. all of their states, according to research, would receive less funding than under obamacare arizona would receive $11 billion less you have a cbo score that is out early in the week.

that could sway some votes senate majority leader mitch mcconnell says it's his intention to bring it to a vote after that >> thank you, kayla tausche. the battle over health care reform has one of wall street's legendary investors with his own plan to edelman joins us with a bold call on health care nice to see you. this bold call is calling for a single payer system >> you bet >> most people think of the system in europe or what's being proposed by senator bernie sanders. you're proposing something different. >> i don't think bernie's proposed anything in detail. let me go for a moment to the illness of the system and then we can get to the health in this country, viagra costs 10 to $30 a pill. >> viagra, yes >> in egypt it costs a buck. in most countries it costs between 1 and $4 a pill.

an emergency room in this country, one visit costs $6,000 on average in france it's 90 euro in switzerland it's 100 swiss francs health insurance on average for a u.s. family costs $13,200 a year germany, $3,588. france, $3,601 the percentage of employment dp on health spending is 18%. france, 11 >> what does this tell us in terms of your plan >> this tells us we have a very, very sick system that needs fixing. and it seems that some of these countries, who are way beyond us in terms of quality of health care, for example america is rated 37th in the world in terms of quality of health care. way beyond us in terms of quality of health care, are able to spend a half to a third on

the costs of health care to its people >> so in these countries, if you're a citizen, you pay in general very high taxes, perhaps more than what you pay here in the united states in order to help fund that system, which brings down the cost so much to them >> its offshoot system is a private plan, which usually works very poorly because it doesn't have the regulations that medicare does we pay 1% of our earned income per year for our lifetime of earnings to be able to get the medicare coverage. in these countries, let us take france, for example, obviously france collects something to pay for this in fact it collects it all it's part of the social security but it's 3,000 some-odd dollars. >> but asher, all those countries you just prefaced all have supplemental care on top of it that's not the whole thing, that

you just said. the numbers that you stated, they're supplemental >> those include supplemental. supplemental is, for example, in france, about 5% of the population it's not very relevant those are the numbers, my friends. >> so what do you want to see happen how do we pay for the system >> we already pay for the system in a way, because we all buy medicare okay so we pay for the system in a way. we also pay for either through corporate or through individual payments, insurance. and that amounts to, as i said, $13,200 a year per person. if we were to run this program that i have in mind like a medicare program, which is quite rational, we would probably be paying 5 or $6,000 a person. where would this come from this would be taxed in a very different way from taxes the gross income of each individual, of all individuals, would have the same percentage on it.

so that if you earn $50,000 a year as a familiar, you pay $5000 a year if you earned $100 million a year as a family, you pay $1 million a year that would cover completely the costs of insuring everyone in this country >> 320 million people. i don't think that number natma sense. >> it works fine >> a provocative idea. thank you very much, asher, for joining us you're skeptical, steve. >> there's a tremendous decrease in the amount of people you're covering, if you look at the other countries. we use a lot of health care in this country, it's very expensive. we dug this ditch, now we have to dig ourselves out there's plenty of ways to do it. i don't think this is a y wato do it. >> people don't like paying extra for anything we see it as a tax next up, final trade

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♪ fly me to the moon ♪ and let me play (bell ring) earlier in the show we asked on twitter whether you would buy the iphone 8 the votes are in tim, i hope you like toni braxton, because the results aren't good, you are said no, too similar to the 7 for you, toni braxton. you brought in a ringer. >> maybe i can get this right finally. it's a little bit of a burrito it's the mg. >> identify him. >> this is my son connor >> if you're long blue apron, if

you see any strength tomorrow, sell it. >> i'm down a half position, i still think monsanto has an upside >> boeing. >> all right i'm melissa lee. thanks for watching. see you back tomorrow at 50.:0 meantime, "mad money" with jim cramer starts right now.. my mission is simple, to make you money i'm here to level the playing field for all investors. there's always more work and i promise to help you find it. "mad money" starts now hey i'm cramer welcome to "mad money. welcome to cram america. other people want to make friends i'm trying to save you money. my job isn't just to entertain but to educate and teach you call me at 1800 cnbc or twee