a long time in different areas and i'm proud of in a and the president has given me a chance of the i love it i'm honored by it. i'm honored to serve my country of it is a great dream and i will work like heck to get it done i really will. >> how long do we have to wait for 3% growth. >> week after next >> larry, a pleasure thank you so much. so very much for all your time, so generous. >> that does it for "closing bell." and "fast money" begins right now. >> lot of great moments there with our friend larry kudlow we wish him well "fast money" does start right now. live from the nasdaq market site traders on the desk are pete najarian, tum tim, karen finerman, and guy adami. tonight on fast it is the kroipt canary in the coal mine of the is the bitcoin sell off a warning sign for stocks. a stop strategist from wells fargo is here with a bold call. and jim cramer will join us

for a special "fast money" game. first we start off with the market selloff boeing down 3% even as president trump visited one of its plants in st. louis and had this to say. >> just a few years ago, this blan plant was in very serious danger of shutting down and we've got it going again and i think probably going maybe like it's never gone before, right, doing better than it has ever done before but i'm proud to say we kept it open, keeping thousands of americans employed right here in st. louis, missouri. ♪ come fly with me. >> but that isn't save boeing stock. it's tumbling into correction territory, down from 11% from its all-time high in february. how important is boeing in the past year it has added more than 1,000 point to the dow jones industrial average is there more turbulence for boeing and has it falls does the

rest of the market fall with it. >> i don't think there is gob for more turbulence or the full-blown trade war everybody is scared of china is going to buy 1 trillion dollar would the of aircraft from boeing over the next 20 years. is that number going to be tweaked in maybe i'm not certain that's going to case if you don't think the trade war is going to happen, then boeing growing at clo-- eps overover yr their backlog, unless you think there is going to be a full scale trade war i think boeing is cheap here. >> apparently on a day when they set the guinness book of world records with this 10 thousandths 737 in production. i don't know who else is close the dow isn't the s&p. in fact a lot of times most folks will say i don't care about the dow i care about the

s&p. what they mean is the dow can get pushed around by a couple of bellwethers and i would rather have a more diversified index. if you look at boeing -- or if i look at the dow jones which is now at the 100 day, and we are talking about the techniciancals for the market where the s&p has been holding up better, i think boeing gets down to 310 and i think the backdrop doesn't change as guy said the stock is up 15% year the date it is a stock that i think moved -- if you showed the stock of boeing against the stock of nvidia, they look similar in terms of the parabolic move, boeing i don't think deserved to make that move this is a correction related to the stock. >> is that a lot to try to handicap if you don't believe that's a trade war that seems like a difficult thing to assess at this point. >> i'm sort of in tim's camp you said mathematically it is the market right it is a strong contributor to the market's performance. it's also a crowded trade. it has been popular.

the stock has done tremendously well we all know that fundamentals are great i think it's done to the upside. tariffs is one big question mark also had he we look at m&a, and enber air if that was drive boeing i don't know how much in this there for that there is these kinds kinds of things that make it expensive, i think it's more expensive than you think it is. maybe i have different numbers all that being said i think it is ahid of itself. >> the concept is it's 12% year to date even though it's in correction territory right now why not take chips off the table. >> we saw in this in other stocks as well boeing is the focus. when you look at earnings growth, and talk about the numbers they put out this is an interesting company because we all want to put it in the same package that it was ten or 15 years ago. it isn't this is a growth company with incredible growth behind it right now. if that continues, was it you that was talking about 20 years

down the line or something like that it's amaizing what some of their numbers are looking at boeing when you look at the backlog and everything else. at 19 times, i actually think for what they are doing now it's cheap. i think the upside is far more interesting for me right now than the downside. >> should we be worried if there is a trade war it seems those hit the most would be boeing, technology and they have done gang busters this year they are the areas where investors have gotten the most return. >> boeing has a lot to lose if this were to happen. i have it going being kmeep at 20 times to exexpensive closer to 30 time again -- >> i'm not saying it's closer to 30 times. >> somewhere in between. with that said, i don't think that -- i think there is a lot of roar. there is a lot of anger out there now but i think it's going to get walked back, especially

with mr. kudlow now going to the white house. >> does larry change the calculation. >> larry said it a number of times, go after your enemies not your friend. he doesn't like blanket tariffs. fight wars where the trade is imbalanced very focused on china. there may be a case here where on the intellectual property side china where they have been a major oftener it's going the get aggressive for the tech companies. that's where the war has a better opportunity to spiral out of control because there is so much interdependence i don't think they can aligned and integrated but that's a bigger issue. >> what we saw was trouble in multinationals, specific clae not just boeing, and technology was yesterday. and up staels today, staples have a lot of international sales. the likes of coca-cola, proctor and gamble. >> the retail sales were

terrible. >> they suddenly start to cascade and people were reaching -- the thing they reached for today was utilities. that's the one aspect of the market that was actually strong and i believe finished in positive territory but the interesting thing is we are all focused on this. it seems like this news cycle, we go through it so fast this is today's news i mean a week from now it will be interesting to know how heavy this still weighs on the market or if we have forgotan it, put it behind us and start looking at the next thing. but there is always something, of course. but this right now, this is the biggest thing in frptd of the market it moved the market a little bit. we were up 400 on friday we have had a couple of days of back to back we have pulled back a little bit. i'm not overly concerned >> economists are going to be out there looking a the drag that could come from trade but they are not downgrading growth right now. if you look a at the data over the lastdays days, today's retail sales were terrible weaker pmis out of china europe people want to say what happens.

first of all we are late cycle in this recovery people bet concerned that boy that was it. in two days that's not it. and if we didn't have trade wars to be discussing i think people would be more focused on the economy that was overheating whiet in five days or seven days or a week we've gone from i don't have heating to oh, my goodness growth is done. >> look at the ten year. we were looking at 3%. now it's 2.8 oh, only 2.8 it's interesting how fast we change the mind-set of how we look at the market and what's going to affect the market negatively because we have had such a positive move. >> does it speak to the feeling where we are in the market we have moved higher on fundamentals we know the earnings picture we don't know what the fed is going to do. we don't know what the trade tariff -- i mean we are focusing now on -- maybe this is healthy on the negatives out there. >> i'm still afraid of the same thing, a spike in rates. despite what happened in the last five days i think there are signs out there of tightness and i think a big spike is to me

the single most realistic risk tariffs, i hate that, it is a risk but i think the spike in rates is more worrisome. >> caterpillar reported a ridiculous number late december early january. the stack had a run up and trade poorly this year until what recently has been a good tape. you have to wonder is caterpillar, has that been trying to tell you something over the last two months as opposed to boeing and the tariff news. >> the moves in caterpillar and john deer and boeing, big industrial companies which should do fantastic in a global economy that's recovering, they have caught so much fire they have never been run better, never been leaner and meaner the other thing i would throw out that are troubling markets you throw in tariffs on top of a lot of volatility in washington. here's all i will say.

this is apolitical the prospect of losing the triple threat in washington, which is both houses and the executive branch meaning one of the houses is gone in the midterm election is a major deal for this market because that's been a major deal for getting taxes through. for the sense that this administration can do what they want, which is market friendly so if you lost control of the house, that's 5% to this market right away for me. and i think that's something that the market is digesting >> what do we do today, pete >> it is interesting i only found a couple thing that i liked. i didn't do a whole lot. i added tech names along the way. overall not a lot. volatility, 17 if there was a lot of pan knick the market right now and everybody was concerned over the last couple of days and nervous about things why are we at a 17 on the volatility index? that's telling me a lot. >> guy. >> reterrell had a pull back yesterday. it had a big day yesterday on the back of the upgrades we saw out of credit suisse macy's still works here. down small today but i think the

retailers, there are some tail winds there. >> karen >> bought more quist volatility was lower i'm surprised it's not higher by the end of the day today i don't know where you think it should be given the volatility we have had but this is the most long puts i have done in a while. >> before central banks got involved after the crisis as an anecdote the vix averaged 20 at 17 or what's going on today with all that's going on out there with the sense that the fed is in play is normal for volatility and i don't think you have to overreact. coming up, square surging after something jim cramer said. after you hear what he said you might be buying the stock, too the madman is here to tell us what he said. plus, chris harvey of wells fargo will tell us how bad he thinks bitcoin could get. later, pete is back from hawaii there is one soaring stock he says is about to take off he will step up to the plate and

give us his fast pitch you are watching "fast money." we have got much more after this s, down to the very server. it keeps your insights from prying eyes, so they're used by no one else but you. it is... the cloud. the ibm cloud. the cloud that's designed for your data. ai ready. secure to the core. the ibm cloud is the cloud for smarter business.

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sure. momwhat's up, son?alk? i can't be your it guy anymore. what? you guys have xfinity. you can do this. what's a good wifi password, mom? you still have to visit us. i will. no. make that the password: "you_stillóhave_toóvisit_us." that's a good one. seems a bit long, but okay... set a memorable wifi password with xfinity my account. one more way comcast is working to fit into your life, not the other way around. . here's where i come down adore square it's got fabulous fundamentals a great long term growth story

what i don't adore is how the ceo got overly promotional about using square's platform to trade bitcoin. now the stock has all these irrational moves that square investors away i think it would be smart for the company to play down this connection on the other hand. all of this volatility at square has given opportunities to buy the stock in a weakness. if jack dorsey wants to keep unt floridaing the cryptocurrency connection you might get a chance to buy the stock at another unjustified weakness. >> that was jim cramer talking about how square would be better off without bitcoin. the stock surging. it did ride the wave near the top in tees. now back down to lows. now square is rallying without bitcoin. here's a game we like to play. >> love games. >> is square a bitcoin stock or not. tim? >> absolutely not. these guys are the top grower, jp morgan one of the big houses

has them as their top organic grower in pimts. period their the choice of medium and small business they are growing this payments like nobody. this is a great call the valuation is touch i am love long, love it. >> guy >> bitcoin is the tale to this story. a relatively small tail. with up the tim, 65% earnings growth and the valuation can be a factor at a certain point. it's not one now no. >> pete. >> i think they are the cherry on top of what is going on right now is that 60% of the merchants are accepting bitcoin. i don't know that i would challenge bitcoin but at the same time bitcoin is helping them out. >> ordinary care >> wow. >> karen >> i agree with every single thing guy said. >> there you go. >> a surprise. >> a tail wagging the -- >> is that yes. >> not a story. >> not a bitcoin stock pete is alone. >> the lone wolf. >> let's settle this whole thing. we have got a cramer alert we want to bring in the man who started this in the first place.

>> booyah. jim cramer we toss it to you, jim cramer is square a bitcoin stock or not? >> not a bitcoin stock please, no it is a payments play. >> what's the next growth here for square then? >> i tell you, i think they are in rapid adoption mode yes, if they finally do -- yes, if cryptocurrency somehow can be transferred and not changed within an hour, they will be but right now they are just the best way to do business. we use them, and i love their caviar product they give good loans to the people at the register because they have a great handle on what comes in and comes out they are the small and medium size business's best friend. i really like them. >> you are in san francisco. you have done strong shows you spoke to the ceo of paypal let's listen to that. >> i think most people still think of paypal as predominantly north american -- >> that's why i wanted to bring it up.

that's just a mistake, right. >> that is a mistake about 65% of our consumers are outside of north america >> that stock is up 4% today schl paypal an international play, jim? >> yeah. look i was trying to get at this notion that somehow because they are going to lose some e-bay business a couple years from now this is a sell it's a buy and it is a buy because of worldwide adoption this is a very well run company. it's got a big short base in it now because they are going to lose some business from e-bay they are going to make it up with a lot of faster growing business shullman is a genius that company has oodleed of cash they can buy back a gigantic amount of stock or grow or buy. >> we also want to ask you about larry kudlow heading to the white house as chief economic adviser, the story you broke on cnbc on squawk on street what does it mean for the

administration and for the markets. >> it will be someone inside arguing that maybe this will be bad for growth or that will be bad for the consumer outside, there will be someone who can really eloquently state the president's views without any sort of antagonism that's what larry does best. we all know larry that way he is -- if you had to have someone to be a better spokesman, i don't think you could find him he has been groomed for this job all his life he will be terrific. >> you know him well you were partners back in the day, right >> sure. >> we were partners for four years before we started "mad money" with jim cramer i disagreed with him on almost everything wow i was heavy then i disagreed but at the end of the show we fist pumped and liked each other he is an eloquent man. he said with all due respect you are about to get the roundhouse but it was fun to get. >> albert einstein would have been 139 years old today you are today's albert einstein. i say this on behalf of all of us here.

if there is no "mad money" with jim cramer, there is no "fast money. so for all of us -- >> that's true happy birthday, 13 years. >> i love you guys i love your so i love everything. all the new stuff, and melissa thank you so much for giving me a chance to be on the show. >> always great to see you happy anniversary. >> i'm thank you. >> don't miss jim's big show in san francisco that's tonight to hear the rest of that paypal interview plus an interview with the former q, this o of twitter. that's tonight at 6:00 p.m. eastern time. let's go paypal. you have been in the payment space. >> i have been in the payment space. i missed paypal and i missed a lot of square. i -- paypal is very interesting to me. i also was under the impression they were more heavily -- >> domestic. >> right. >> i find that interesting because as a emerging markets guy they are well established in

latin america in the on line commerce space because it's asset like top heavy, over the top. the biggest issue on paypal is the valuation. payments have gone through the roof the fact people are focusing object bitcoin is the reason they are focusing on paypal. it's because payments is what it's all about obviously for paypal crypto is a broader concept. >> would rather. >> i like this game. >> square or paypal. >> square, because i disagree with you guy and i think there is something to be said for crypto being involved. >> 30 times forward earnings you have to be confident in that i would rather be in square not because of the bitcoin >> that's the cherry on top. >> it is a tail. >> it is a tiny little tail. >> cherry on top >> baby cherry still ahead, tesla getting crushed today, down nearly 5%. reports of even more production

problems at the electric car company. is this took just out of gas ha ha. the traders will weigh in. i'm melissaly, you are watching cnbc first in business worldwide. here's more of what's coming up on fast. >> dog killer. >> that's what some are calling united airlines. after a dog died in an overhead compartment. we'll explain how it could impact the stock. plus, the bitcoin blood bath continues. if you think it doesn't matter for the markets, a top wells fargo strategist says think again. he will be here to explain why, when "fast money" returns. found, prevagen is the number one selling brain-health supplement in drug stores nationwide. prevagen. the name to remember.

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with consultation or visit kohlerwalkinbath.com for more info. welcome back to "fast money. the bitcoin blood bath since as the cryptocurrency struggles to

find its footing what is causing this pain? let's head down to the new york stock exchange where bob has the details. >> we have got a lot of problems another rough day for cryptocurrencies with bitcoin at the lowest level in the last month. google said it was going to ban cryptocurrency ads now this is a problem because it interrupts the paradigm that cryptocurrencies are becoming more mainstream and more respectable. bitcoin dropped in january, remember that, after facebook said it would also ban cryptocurrency ads because it was frequently associated, they said, with misleading or deceptive promotional practices. so if facebook and now google can say they don't wouldn't crypto ads, how legitimate can the whole business be? that's the problem this follows on a series of very negative headlines for crypto in the last week. shall i count them demands from the s.e.c. that exchanges register with them, a federal court ruling that cryptocurrencies can be regulated by the cftc as a commodity.

and the trustee telling $400 million in cryptocurrencies in the past four months with a lot more potentially still there and there are still plenty of believers. that's the good news here. the founder of a hejd fund management firm made sizability investments. those were made separately from his $9.1 billion hedge fund. he joins other cptocurrency enthusiasts. still a lot of people out there who are believers. >> we have seen bitcoin and stocks trade together a few times since the highs in december where the crypto carnage ud bleed into the stock market. let's ask chris harvey from wells fargo. good the see you. >> you too. >> will we see that connection this time around >> we are seeing that connection but really i think in the marketplace there are other issu issues, other main drivers for us it's about tariffs,

treasuries and about trump on treasuries we know there is a fear of a trade war. we don't they it's high but the market has to price it in. on treasuries, everyone that you would yields would go higher they are not, they are coming down on the back of cpi and retail sales, why is that bad? one of the underpinnings of the marketplace was banks and financials, they are pulling back market is weak on that and trump, we think trump is highly predictable he goes out, says something, he does it. in addition to that, he takes arguments, he negotiatesed, he goes out to the nth degree and walks back in. it wasn't that long ago that people were talking about nuclear war with north korea now we are talking about sitting down together. things change. but we are not worried at this juncture about contributions we are worried about the three, the's we talked about. >> would there be a point at which you would start looking at the price of bitcoin being the canary in the coal mine for the markets? >> we think it's risk product. we think in a selloff it could

add fuel to the aisle fire that's something we have looked gnat the past but back in december, back in january, when nobody was paying attention to it and it was much higher it was a much bigger concern. now that it's come down and the market sold off it's less of a concern for us. >> it seems to me the holer base of cryptocurrencies is changing a little and i think consistent with what the market does it would affect that base. but in a trade war you would think that cryptocurrencies would do well. >> i don't know if they would do well in that environment but to your point they are becoming more institutionalized than in the past i look at them as a speculative asset class. when markets trade down they should trade down with the, ma when the markets trade up they should trade up with the market. they should amplify that market. at this point in time i think they are more correlated more of a bait on the market than thinking else. >> as you brought up a couple months ago they might be a

leading indicator but that's not my question. with all those three ts, do your change your look on the market you can make an agent that some of the inputs to your models shouldn't be as cheap as they were. >> let's look at the ten-year. it went from 2% to 290 it's now back down to 280. credit spreads, they have tightened since september. they are somewhat volatile right now. if you look at liquidity, last week we had over $40 billion in credit issuance taken down by the marketplace and it acted pretty well. that was a positive. i hear what you are saying, but rates -- let's get back to rates. rates are going higher because growth is going high that's important and they are doing it in a orderly fashion. before everyone was worried about rates going higher now they are going lower, how does that work. >> when does a weakening dollar go from being a tail wind to the market to a head wind? are we close >> i think it is a level it is an action. if the dollar falls out of bed

that's a problem go back to '87 when the consider that fell out of bed that was a probable if there is a decoupling that's an issue if it continues to walk down we are okay for now. >> in the market where it is a little bit more volatility and there is more uncertainty. i know you said you think trump is predictable, others don't. >> fair enough. >> are you concerned about the stocks that lead the market? >> not getting nervous about the marketplace. one of the things that we are dealing with is we are out of earnings season. when you are out of earnings season you have vague aris we will be back in earnings season and things will change quickly. with regard to leadership we are still seeing technology lead one thing we said last week is we thought that utilities were overdone and we thought for a trade utilities could work that's for a trade we are not seeing a change in

leadership with technology the one thing that is becoming a worry is how financials and banks are acting as rates go lower. chris harvey from wells fargo. good to see you. >> thank you. >> are you worried about financials no i'm not i think this is definitely a pullback to buy. if you think about the dynamics driving financials people talk about the old curve. the reality is you are going to get three rate hikes this year financials are pegged to make an enormous amount of money here. they have an enormous leverage to the u.s. economy. all these checks, every company that trump spoke to talked about giving back to their people. buy banks. >> i agree with tim. i'm more fearful of rates going up and like the hedge that financials would give you. >> i'm not fearful of financials either because of the fact they make money -- they will make more money at certain levels but they make money either way

they have been showing us that for the last couple of years chris talked about sentiment he talked about trump. a lot of those things and rotation and we see that rotation all the time when the news cycle is slow we hang on every word of everything else in the macro. that's why we find ourselves right now. >> you think the cycle is slow crazy. >> from the standpoint of okay earnings like he was saying. now you have got a full week so you have got to wait. >> we have a fed meeting next week. >> markets are slow they are getting revalued, one to eight price to book is the right valuation in this environment. goldman sachs traded with a book value of 181 a share you put a 1.8 multiplier on that you have got a stock that's north of $300. not going there tomorrow but that's where i think they are all headed. >> still ahead, some are calling it puppygate puppygate. united missteps. killing a passenger's dog.

another black eye after the company fully recovered from the drama in the skies last year and it seems the company is making the same mistakes again we will explain what it means. plus, pete najarian is back from hawaii aloha. he has one stock he says is a home run he will step up to the plate to tell us what that is much more "fast money" still ahead. that five stars, two thumbs up, 12-out-of-10, would recommend thing. because if you only want the best thing, you get the #1 thing. directv is rated #1 in customer satisfaction over cable. switch now and get a $200 reward card. more for your thing. that's our thing. call 1.800.directv

say carl, we have a question about your brokerage fees. fees? what did you have in mind? i don't know. $4.95 per trade? uhhh. and i was wondering if your brokerage offers some sort of guarantee? guarantee? where we can get our fees and commissions back if we're not happy. so can you offer me what schwab is offering? what's with all the questions? ask your broker if they're offering $4.95 online equity trades and a satisfaction guarantee. if you don't like their answer, ask again at schwab.

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welcome back to "fast money. tire time for an instant replay. more than one year ago pete stepped up to pitch sales force. >> i think this stock is heading back towards $95 a share and eventually towards $100 a share. i think they are working in the right direction. valuation is going to scare people i think growth is the thing you have to focus on right now. >> well, pete, was right shares have soared past $100 the stock is up 60% since that call what do you do now, pete >> i'm not in it any longer. i still love the company i love everything they do. >> did you sell the week of a that pitch >> no. i was lucky to ride along for a quite. as it got towards $100 i set parameters for myself. i have discipline i usually try to get out at the right time >> about i have certain numbers, certain

levels every stock has a certain level. >> give us another fast pitch. >> we have got something interesting here we are looking at intel. now you are going to be pushing back a little bit because you are going to say the stock has had an incredible run it's near the 52-week highs. you are right. but that doesn't mean there is not a lot of room left to the upside my usual bullet points management what i like about the management team, they have been with the company since the early '80s what i like about that is they understand all aspects of the company. matter of fact the present ceo was the coo for a while and did a great job. and they are aggressive. i will get to that fundamentally weaver looking at a p/e level of 14 or 15. great cashflows. you have got a great dividend yield. they are always adding to that and buy back a lot of shares as well strong growth plan the data center area for these guy is absolutely off the charts growth people look at intel and think

it's dead money, why would i want to be there there was a piece out today where one of the analysts actually called this stock the micron of 2018 i do not disagree. i think this is a company with the growth that they have got presently and what they are able to do within all of the aggressive moves by management, buying al terra, buying mobile eye, and some of the other buys over the years but those are the multibillion dollar buys most recently this is the company moving in the the right direction and i think the growth can continue even more to the upside which keeps that p/e low and tolerable. >> great job first of all knocking the small guy by the board. he didn't belong that. the great job on sales force and great job on intel but i'm worried about m&a. one, is there m&a in semis and are they going to make the acquisition as was talked about last week. >> i don't think they are going to make that massive

acquisition. this is a disciplined management group. they research how much they are willing to spend and where they need to grow i think they have already done that i think they will do more acquisiti acquisitions, the multibillion dollar acquisitions i don't see that in their future. >> karen in. >> when you talk about your discipline where would you look to exit. >> close to over $60 i own the stock a couple of years. i'm looking at options i hole as well i'm short when i get up above 60 some of those options. i would buy those back, get out my positions and clean up everything. >> time to vote. no more questions. are youbuying pete's pitch on intel, guy >> i like to make rhymes like charles nelson riley i say intel is swell, 13 times forward earnings, compelling argument by pedro. >> you remind me of paul lin. >> i like paul lin >> karen >> yes i am a woman of few words. buy. i like it. that last quarter was

outstanding and you have got a brief chance to buy it in the low 40s. i like it. >> tim. >> i love it good job, pete intel, long the stock. i think what they are doing -- that's pete. we have got the side pony coming out of there it's all there all there. >> home run are. clean sweep, pete. >> cool. >> for you out there, did pete's pitch have you yelling giddie yup? head to twitter and cast your vogt @cnbc "fast money." >> we will revealed the results at the end of the show plus, tesla more product problems surface are there too men road blocks for the electric car maker the traders will weigh in next hi, i'm bob harper, and i recently had a heart attack. it changed my life. but i'm a survivor. after my heart attack, my doctor prescribed brilinta. it's for people who have been hospitalized for a heart attack.

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welcome back to "fast money. another day, another production problem for tesla. a new report from cnbc.com has cast a bigger shadow over the company's model 3 production goals. former and current tesla employees revealing the auto manufacturer has been manufacturing a higher volume of flawed parts needing rework and repairs putting the company under pressure as it tries to meet production numbers. tesla has come out and denied that its remanufacturing teams also reworked the cars claiming employees may be conflating rework versus remanufacturing. the stock, which was already

down 3% today when the report came out moved even lower closed down almost 5% does this signal more pain ahead for tesla. on talks that the treasury and vp of finance left that follows the chief accounting guy leaving also. there are a lot of things piling up. >> the chief accounting officer left on friday after we finished with the show. the stock was at 325 traded up to 345 we are back right now. it's not about production. you either believe in the story or don't i do i think the stock will trade higher from here in the weeks could come. >> you can believe the story even with this perceived exodus of tal sneep the talent of that company is one person. if he leaves then i'm concerned. >> elon. >> you should be staying for the ride here. as you start to make the car for

the masses but you know, you also add this concern there is another battery manufacturer out there that could be competition you had musk himself when we were talking about spacex going to mars and commuting back and forth in our lifetime which probably won't happen. but he said this is kind of tough. debting deliveries is tough. he said it that day, we have had a setback on model 3 production. this is what the company has been used to. >> it is okay to miss the targets because that's what we are used to at this point? >> true, they have gotten us used to that for sure but why isn't it a production story at some point it can't just be the promise of big production down the road forever. >> the production has to happen. >> right i don't know, maybe it can. >> production is something we have talked about at the desk. we have gone back and forth on u. is it a car company or a technology company if it is a car company these are terrible things we are hearing about. the flaws in term of the parts

and that stuff, awful. so the production would be poor. but like you mentioned stock is at 325, popped up to 345, now back is it a car company? or suspect it? >> mike khouw joins us. >> by 3:00 they had outtraded calls 1.5 to one traded more into the close the most active puts at that point were the april 250s. those expire only one month away those were trading for 1.25. 8500 of them traded. those were bearic bets that they could make it below 24873 by only a monday from now that would be a drop of 20%. to answer the previous question,

it's definitely priced like a technology company since its enterprise value is significantly higher than gm or ford even they they meet the quotas they ever talked about, those aren't the quotas we are used to it's definitely a technology stock. if the narrative falls apart those puts might come into play. >> pete i know you probably saw that action. did that make you think twice. >> absolutely it does. but i think this is less connected in terms of anything to nervousness about production. mike is calling ate technology company. if we are calling it a technology company and losing some people in the management system that's a problem and it does make me nervous. >> thanks mike. >> where can we learn more about trades like that >> i'm not sure -- you know what, "options action. friday, 530 eastern time. >> there you are. still ahead, trouble on the tarmac for united airlines as a

dead dog and a lost dog dominate its headlines. what went wrong? what does it moon for their stock. still time to vote, head to twitter and photo @cnbc "fast money. it might be time of our life night. we will realheestst e d of the show. see that's funny, i thought you traded options. >> announcer: "options action" is sponsored by think or swim by td ameritrade. well sure, at first, but jj can help you with that. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to main st. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? it's just complicated. step-by-step options trading support from td ameritrade

welcome back to "fast money. a new scandal in the skies at united airlines, putting the airline back in crisis mode. let's get to kay rogers back at headquarters with the latest. >> that's right. united is under fire after a dog died on a flight from houston to new york the family says the pet was in a carrier designed to be placed under the seat in front of you on the plane >> we sat down we were trying to put him under, because he fits. and then the flight attendant came and she's like you can't put him there because he will block the path she says you have to put him where the baggage goes she is like oh, i'll help you and she helped my mom put him up there and just closed it like it was a bag. >> the family says they told the flight attendant about their pet. other passengers report hearing the dog barking in the overhead

bin but by the plane landed the dog was dead united accepted full responsibility refunded the cost of ticket and the fee paid for the dog to travel. the company released a statement this afternoon saying quote we have spoken to the family, our crew and passengers seated nearby, we have learned the family did tell the flight attendant there was a dog in carrier. however the attendant didn't hear or understand her we take responsibility and are deeply sorry for this tragic accident we remain in contact with the family to express our condolences and provide support. they have announced they will issue bright colored tags for pet carriers so this does not happen again they have been this the soughtlight for dragging a kentucky doctor off of an overbooked plane and they also flew a kansas city dog to japan

rather than to kansas city. >> coincidentally shares of united trading near the levels it did in april when the first scandal erupted. you may remember the viral video of the man being forcefully dragged off of the flight. can this company get it together or is there more pain ahead for the stock, guy >> i would like to say i'm going to boycott united and how can you send a dog to japan instead of kansas city and how does a flight attendant put a dog -- this is a harvard case on crisis management, whatnot do but there is no other way to get from point a to point b. despite these headlines, this company will persevere i'm not saying that's a good thing. that's just my point of view. >> i'm long airlines not this one

in october, i thought their guidance was terrible, i hated the strategy and the presentation of the strategy rotated out into more delta and american at the end of the day, i agree with guy i don't think this particular incident matters it sound terrible, i know, but customers will come back they did that stock went on to a new high after the first incident. >> i think the big thing is the response was terrible in every incident. >> was this response bad. >> terrible. >> they refunded the ticket and the fee for the dog to travel. >> they said we were at fault here, what more can we say we are going to do everything we can. >> they are in negotiation force a settlement. >> they are negotiating thing. >> what more can they do >> i think you could do something much more. you need to step out and say you know, what here's a financial. we know that's not everything but we are going to do everything -- >> i think that's coming. >> get back to the stock as an investment. >> if it's coming it should be now. that's my problem.

>> would you sell because of this >> my biggest problem with united is they have everything you talked about trade on a multiple, did all of that because of consolidation. i will say this, i think if somebody has a choice if you are going from here to minnesota and you have dult della, you united and american, you are looking at delta and american. >> you are going with the cheap u.s. route over the course of ten days in january 23rd, it went to correction mode when they pointed to out their available seat miles are going from 4 to 6% growing capacity that's why they are trading stocks that's why the stock is back up 15% from this point. i'm long nitd. i'm long delta i hate what happened but i bet it happens again that's the reality. >> you feel okay about oscar munoz? >> you know what he's a liability for the company in terms of their valuation. >> if you were out, do you think the stock would trade higher >> if it was a nice transition,

but if there was an even that forced him out, no. >> i would like the hear from warren buffet and have him make an opinion and what he thinks is going on with the management right now and how they have addressed all of this. >> all right up next your last chance to vote for pete's final pitch on intel. are you buying selling? the results are next expertise. these are the building blocks enduring relationships are built on. as investment management professionals, let's measure up. cfa institute.

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let's stop talking and actually be more diverse. as investment management professionals, let's measure up. cfa institute. the last 25 years of my life has been tied up with cnbc, which changed my life, changed

my profession, and has been a family to me and however this thing works out, it will be god's will, if there is an opportunity when my service is complete, i hope very much to come back and help cnbc. it is my family and it has changed my life. and it's -- cnbc also years back gave me a second chance. >> it is official. larry kudlow, beloved senior contributor here at cnbc is going to washington to take on a new role as the director of the national economic council. et cetera a been an honor to work with larry. we wish him the best of luck in his new position the only thing that's bad is we weept see much of larry around at cnbc. >> congratulations. >> switching gears here. pete got back from hawaii. do you know what he was doing there? he was having the time of his life ♪ >> his pitch for intel is a success. it is up nearly a 1% this the

after-hours. final trade pete. >> ibm. >> lowe's. >> do you see the get up he had, that hawaiian thing. >> giddie yup. >> i'm melissa lee 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. from one mark market in san francisco. welcome to cramerica other people want to make friends. i'm just trying to save 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