that is new. >> kalee, we will see if any reaction in amazon shares. again, the president saying they do not use a level playing field and it has to be level for everyone amazon rebounded in the market today. but it's still down as it's been the target of his comments down fractionally about a quarter% after hours that does it for "closing bell." "fast money" starts right now. >> "fast money" starts right now live from the nasdaq market site overlooking new york city's times square i'm melissa lee. traders on the panel today -- tonight on fast, an anoun then that will have the crypto world talking. the president of coin base is in the house. we will talk all thing crypto and he has important news to announce, a major addition to his business stay tuned. plus, former nba star rick fox is i have been doing into the trend e sports and training his gamers to be the next great athletes

he will tell us the three secrets to gaming success. first we star with the crazy comeback for the dow since the open yesterday 32 hours ago the dow surged nearly 1,000 points, more than 4% you might call it a trader's paradise the place wherefore tu fortunes made or lost in minutes. we thought we would start with one of our favorite games here trade it or fade it. let's start off with tesla it's up more than 21% since the lows yesterday trade it or fade, guys. >> well, i have to stick to my guns that's what you do. >> play the game >> trade it. >> i was going to say trade it and the reasons why are this i have said for quite some time you buy it to an break out a close above 280 and wait for it to to trade below 2 5.

didn't get that low. you saw what happened today. seems as though production numbers are in line with what the street wants i think maybe the worst this the short-term is over if nothing else, you get an opportunity to trade once again at the 280 level >> the low was set on april 27bd days ago crazy. >> when it made that 52 week low it held. at one point the momentum kicked in we had a great close today a. lot of the tech sfoks and the stocks that were beaten up over the last week or so did not close like tesla did today, on its dead high. maybe you see followthrough but i'm hard pressed to think you have another ten percent. >> what's your answer, can you play the game. >> i'm fading it. >> thank you >> fading. >> i would man a lot of pressures will appear to be off with the stock bounce in terms of its ability to access markets. >> yes and that is one fundamental

difference as opposed to you know the are of the stocks they are the same company. they have the same outlook they had 31 hours ago this one though, having traded up so much it does make a difference it gives them a chance to raise money more easily if they choose to do so, which i think they should >> right >> so i mean, still, having -- i would fade it. >> wow >> you know. >> this is not -- >> it's not in my bailiwick at all. >> that's edward joseph mahoney, also known as eddie moneyy fade it. absolutely fade it it's not about oh, not so big deal on the trade front. not so big deal on the credit downgrade. this is a bull market stock. we are not in that same market first of all look at the credit on this company. the credit has been significantly weaker over the last few weeks after this move, i get the fact that people were leaning on this thing in the previous four or five trading sessions. i absolutely fade this

i would be hypocritical if i didn't fade it of a this move. >> here's an interesting one. >> i like this game. >> len ar, it's up 10% in the past 31 or 32 hours of the it did report earnings, right, and they were pretty strong. >> we were talking about this last night you know, we are going to get into earnings season next week with a lot of banks. a lot of analysts and strategists over the last weeks have said q 1 should be good and we will see good guidance. that should give stabilization to good names. when you have companies like len ar that were unchanged yesterday, they do their krns call, and today they are up 7 or 8% that tells me something. i think you can trade it. >> the other thing is its revenues are domestic. if we are worried about a tit for tat trade war, maybe this is a top of the market -- >> they do use materials that are affected trade it means buy it right. >> buy it or fade it doesn't work >> karen is not here on

regular -- >> i like this one so that would be a trade it. >> it's funny, 32 and i did this on "closing bell" yesterday. >> you mean david seaburg. >> david dave. their percentages as a percentage of revenues are down 4.5% they are not giving houses away. folks, housing is strong when people have jobs and they are making money of don't worry about the rising interest rates. that's an opportunity and i think this sector has a lot of tail winds i would trade it. >> these two stocks we talked about, things changed for them in the 31, 32 hour time span how about netflix? did anything change for them >> the market changed. >> fade it or trade it it's up 8% >> it's not guess what guy would do >> don't put words in my mouth. >> i asked guy what he's going to do. >> what would i do

>> damn straight i would trade night trade it i think they report on the th of april. if i'm not mistaken that is a monday international growth i think will be strong i think people that try to lean on the short side i think are crazy. trade it. >> what would you do. >> fade it definitely. >> the valuation is crazy. it is a still crazy. that hasn't changed. what are you going to say now? >> i'm going the fade it first of all i think the market struggles here i think netflix is one of the stocks people are starting to pay attention to the multiple. it's up year the date which bothers me in a bull market where i think the multiple matters. >> i agree with tim who i guess was aye agreeing with guy suggesting what tim would do. >> that's another game a more complicated game for folks at home. >> yes to me it's sort of market related. this selloff has made some other things cheap i think there are opportunities there. the business hasn't changed. great business valuation i can't get around

fade it. >> would you rather. this is netflix. and $127 billion up 53% on the year and we have disney at $150 billion down 5% on the year i am trading disney and fading netflix. how is that. >> that's not even -- can we tell the people at home. we get something called a run down. >> it's like it doesn't exist. it doesn't exist >> at the press conference he threw the thing away that do you agree with dan. >> i don't know what we are talking about. why is disney andics netflix in the same conversation. >> it shouldn't be. >> it should be in the same conversation >> i disagree. >> it is a value versus growth. >> is netflix contact. >> it is if there is any takeover premium for netflix it should be gone. it's too big for anyone to buy that's kind the point. at some point disney we know they are making content deals. we have been talking about e sports i wet they do something there. it could be an interesting story

if they get digital strategy together and content it is a cheap stock and we know about the pipeline on the studio front. if they fix espn disney is a trade it. >> he brought disney into this game we have another important company on deck. i don't think we will get to talk about it because dan brought in disney. >> now you know how i feel last time, fade it or trade it, boeing. >> april 25th, 20 times forward earnings, valuation has come down from 30 times after they guide high last quarter. tim talks about the cash flow. do you want to be short this name into earnings when this tariff thing seems to be doing by the wayside trade it, mel. >> i would fade it >> thatta girl. >> it used to be a cyclical company. that issan go i'm thinking too rich but comfy.

fade it. >> i'm going to fade this one. i think it is a great company. i don't care about the trade dynamics here. i think we have determined it's worth plus or fine us there or $10 in the share i don't think it should be trading at 26 times. ultimately, i think there is a number you can't pay for this company in this market environment. >> thank you for respecting the rules. i'm going to skip dan this time because he introduced his own rules and he doesn't get rewarded for that. let's bring in chris harvey. it's good to have you. >> play by the rules tonight, buddy. >> i'll try. >> just so you know. >> what has gone on in the markets in the past three days >> the simple answer is whole lot. what we've seen from clients is a 180. people were super bearish. all of a sudden you get a bounce, futures down%. we wound up 1% everyone is bullish. if they can't go down, they have to go up you see people very bipolar

almost what i think is going on is you have -- people forgot how to trade this market. volatility comes in and people freeze i'm going the buy them, then they snap up 1er approximate. thenni they aide wait for a pullback and wait for a bigger pull back. what we see is the sky is not falling value is covered and there is opportunity as things pull backway want to put more risk on, here's where we think there is not a power put but a power strangle as the numbers get more squishy the fed gets abovish as the economic numbers get more solid they will get more hawkish. >> it's hard to trade around what psychology tells to you do the wrong thing at both ends it's inefficient tax wise. how confident, where do you think the levels far enough apart that it can make up for what you are going to lose in

paying taxes >> right, so what we think is downside for the s&p 500 is minus 5% the upside is about 10%. now you have to figure out how your economic or how your tax situation is that i can't really speak to what i can speak to is we like the market we are simple when it comes in, we like the value. we don't think value issing with destroyed. when the market goes higher you have to layoff risk are. you don't want to hold on the risk for long. >> you think down five up ten. >> down five up ten. >> it's interesting you are talking about aist schizophrenic mind-set for investors in europe we talk about the global synchronized recovery we have had weak data in europe. weak consumer dhait here you said something we haven't heard in months, the fed getting dovish more me that would be bearish for equities it would signal maybe this bull run is coming to an end and

foreshadowing a recession. >> i don't think so. i see your point, a lot of people think things are going the fall apart and the sky is falling and the economy is going to roll over if that's true what you should see is the fed starts to back away fed expectations should go lower. if that happens, the curve should steepen somewhat and we should see some type of a risk on situation i don't mean to be repetitive, you have stopped out on the bottom and also stopped out at the top. you have to trade this market. if you can't, you want to be up in quality, companies that are less levered, companies with better management teams, better capital, and higher profit margins, really we think there is great opportunities look at utilities from a monday and a half ago, look at where financials are even industrials we think you can make a lot of money in industrials over the next one two three four months but it is not long term buy. >> is there any technology you like >> we like technology. obviously they have been beaten up we like them

as a whole they are 18 times the market 17 times, 20, 25% eps growth global markets or global companies. we think there is good opportunity. obviously there is some hair on some of the stories and some political risk with some of them so we want you to take a more diverse approach but we think there is great opportunity there. we don't think the run is over in technology. >> chris thanks, chris harvey. he played by the rules. >> 100%. >> he was straight and to the point. >> i mentioned this last night, a little more than a month ago, actually early february tim on thursday night said this, there is a good chance tomorrow good news is bad news jobs come out tomorrow if the jobs portion is strong, but if the wage number is strong i think that puts the fed in play and if we see it tomorrow we could see it again. >> what did we do today. >> i look to buy puts if the vix comes in another three or four

points. >> that which is tactical in my portfolio i absolutely faded >> faded into this 1,000 point recovery off the lows yesterday? >> yes in other words i think i'm going to get -- in emerging markets i say you always get your price. this isn't going to get away from me. after the move we have had i'm sewing lower highs 2696 in the s&p with a lot of pressure and the regional fed service has told but labor issues. the adp doesn't correlate to the non-farm payroll we are getting to the place where we are hearing about labor all over the place powell speaks tomorrow he is going to be on his own that's my call. >> you sounded emphatic about that here's the thing. >> i'm a always emphatic. >> the reversal yesterday was something that caused me to suffer a little bit of a spy short. that was something i was doing over the course of a couple of days today my rule was this if we closed on the highs and we were going to 2700 in the s&p 500 i was going to be out of

that trading is not the short. i think you have to give it a day. one thing we have learned over the last couple of days is tape bombs are really moving the market here. until we get some sort of stability where we feel like there is a base to build on i think you can still do what you are doing, trade into some strength and look to put tactical shorts out. that's my view. >> attention crypto universe the president from coin base is here and has a major announcement plus micron getting slammed. the stock entering a bear market one of our traders says it could be about to get worse. apple is soaring since karen pitched the name in february now she has a new stock she says is a home run. she will give us our fast pitch. >> you are watching "fast money" in new york city's times square. much for fast after this

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webb to "fast money. we have got a buzz kill on micron check out irs sha of the chip make he, down nearly 7% after ubs initiated stock with a sell rating, $35 price target the firm is kaugs cautious on the name and its memory pricing power heading into the second half of the year the stock is in a bear market. it's been under pressure since its earnings report in march.

>> you mentioned the earnings report they put up a good number but guided below where the buy side investors were forrer the outcourt and the ball an of the year the stock went down 8% when you have an analyst saying sell the stock it's going materially lower because the cycle has shifted. think about the move the stock had in 201 and 2014. when that memory cycle shifted this stock lost 75% of its value or something like that investors remember this was a hedge fund name, to a a huge hend hedge fund name. >> einhorn, regis philbin. >> it overshot on the up side and overshot on the downside a lot of people with the stick still up on the year are saying i don't need to stick around >> semiconductors were weak today. this and you add nvidia, something was tweeted prusing its short on the stock. >> amd put out a $700 price

target i was bullish on micron for a long time i continued to ride it to the upside offer earnings. it looked like it was the right call obviously it's gone completely the other way. to dan ace point on a stock like this when this products become somewhat commoditized valuations get thrown out the window. back in november they had a great quarter the stock rallied to 50 and failed past resistance on the up side becomes support. we are there now i don't know if the 34 price target comes into play didn't have the volume today to signal it was a capitulation today. if you are looking to trade above 50ish this is your level now. >> rick bach betting big on e sports he will be here to tell us his plan to dominate the market. i'm melissa lee, you are watching cnbc first in business worldwide. in the meantime here's what is coming up on fast.

>> last time karen pitched a stock it rallied 11% now she says she has a hotter stock. plus, the coin base pridt esenis back. he has an announce in.that will rock the crypto world. that's when "fast money" returns. "volatile markets." something we all think about

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welcome back to "fast money. bitcoin struggling to get back above $7,000 it might have something to do with the tax man let's get to seema mody at headquarters for more. >> reporter: you are right people are calling it the cryptocurrency crush all of the cryptocurrencies negative on the year after gaining over 1200% in 2017 and getting to the $20,000 level, bitcoin has fallen below $7,000, down nearly 50% this year.

both light coyne and ethereum sinking 47% and 45% respectively bitcoin cash and ripple both lower by more than 70% what's behind the selloff. analysts say regulatory concerns, crypto hacks and taxes. tom lee said earlier on squawk on the street that the losses have been amplified by investors who are selling their crypto holding to pay taxes on their capital gains from last year. >> we published a piece just looking what the do u.s. households oye owe for capital gains on bitcoin and cryptocurrency profits we think a low estimate is around $25 billion which is almost a 20% boost to what the irs tax receipts will be for capital gains this year it is a huge amount. but for the cryptocurrency market that's a huge amount of outflow. i don't think we have ever seen that in a single year. >> april 17 assistant less than two weeks away tax experts are warning investors regardless of the amount of gains if you mined invested or used

cryptocurrencies in 2017 make sure to report to it the irs but as soon as tax season ends, tom lee expects selling pressure to ease and cryptocurrencies to rebound. melissa? thank you seema mody, back at headquarters she just detailed a number of cryptocurrencies perhaps a simpler way of looking at it the coin base index. it tracks four of the biggest currencies that trade on their platform now you can access that on cnbc.com the president of coin base has a big announcement to make we will get to that in a few minutes. but we ta want to start off with the overall environment. it has been a tough one. >> yes. >> we just had this report about taxes and how there could be some selling because of that is that what you are getting from your clients? >> i have certainly had some clients, for sure, who contacted us to do large selling because of tax that's absolutely going on is it the main cause of what is happening? i'm not sure

i think there are potentially other causes, too. i personally take comfort in the fact that this connection has happened four times in the past. if you look back at the history of say bitcoin, which is the longest running asset, there have been four times where it corrected by 50% or more each time, there was six nine or three years between that and when it got back to the peak we have seen this before not that history is a predictor of the future but whether it is tax or something, this is inherent in the asset class. it runs up a lot and then it corrects i'm personally not surprised by that but it wouldn't be surprised fit came back pretty strongly. >> do you get a sense that crypto traders are trade traders who also like to trade stocks in a volatile environment i'm asking because in 2017 we saw a huge run-up in cryptocurrencies across the board in low volatility year here we are in a period where volatility has picked up and maybe coincidentally we are

seeing cryptocurrencies trade lower. >> i think active traders chase volatility as we talked about in the past they chased asset classes, equities to futures to options to now crypto. crypto is the most volatile asset class out there at the moment if you are an active trader that's where you are going to be. it's maturing and now you are seeing investors coming into crypto it's the index that we talked about the last time i was here and then we also talked about the index fund that we have got going. i think you will see more more investors. you will see more institutions in the space than ever b. it is maturing i don't think it's just for the active trader. >> you mentioned the index fun that is something that as you have more mature investors coming into the space -- you have investors who maybe don't know how to trade a currency but they can look at the nav of your

index and will have some exposure. >> futures has dachenned volatility and the rise of these investor vehicles will do that we have had tremendous takeup on the fund beyond anything we were expecting. i know people are asking when can i get in we will launch it shortly. shortly being very soon. but we've already got initial indications of interest. we have already got the initial customers signed up. and touch wood -- there is no wood here but touch wood it's been beyond our expectations, we are very pleased about the fund of it's confirming there is more demand on the investors side than there is on the trader's side. >> what is holding back a big institution in boston, the typical ivory towers that everyone likes to court? what is holding these guys up? >> great question. i think the biggest thing is where and how do you custody it it's not like any other custody class. it is a significantly complex asset. if you think about the complexity of trying to custody it keep it secure, deal with air

drops and deal with forks, corporate acts like dividends or stock splits, that's not easy stuff and we have been doing it for longer than anybody else we announced we were launching a custody product. i am a dhited to say we are taking on board our very first clients. these are the biggest names in crypto that you can imagine. i think when we and others who i'm sure will follow show up with a qualified custodian legit offer you will see more asset managers enter the space but scud where the biggest bottle neck is at the moment >> makes sense. >> let me ask you. you talked about dampening volatility we have futures where you have the ability to be short at least bitcoin. is there going to be the ability to be short your basket or -- i don't know what the instrument will be? >> the actual index. yeah i would expect there will be our market data already powers the futures that are out there and i would expect that you

could use our index to create a basket future just like you would for any other asset class. and in fact that's why we put it together it's why we have actually released it in the public. we want people to use it to use it for things like futures or things like funds or things like volatility instruments like options. right? i think all those things will -- they have to come if this asset is going to mature. >> you came here to make a big announcement what is it >> auto i'm pleased to say we are launching today the coin base ventures fundamental fund the. this is our vehicle, where we are going to invest off your balance sheet into koipt companies. let me stress companies not currencies right? we will invest in companies that are in the space where we feel like they are aligned with our anything and aligned with our values these are going to be seed stage investments. we are very fortunate that coin base has been a great place for a lot of entrepreneurs to come already. we have had a number of alumni

start great companies. and we have a number of entrepreneurs come to us to start their companies within coin base. this is a natural part of our evolution as a company you will see the fund. the first investments are going out in fact this week. we are super excited about the fund. >> how do you delaniate between a company that is a company ass opposed to the cryptocurrency or a coin ripple is -- i mean they have a platform. >> yep. >> but they also have -- not bring up ripple constantly with you because it feels like we are. but it has a platform but it has xrp. by investing in that company if you decide you want to add that to the platform it's sort of a self fulfilling company. >> it's one of the reasons why we have said we are not investing in currencies. we don't want even the papers of a conflict of interest we are going to invest in early stage companies primarily around founders that we know, part of the alumni network or part of that group who are building what

we think are compelling businesses that move the business forward into a more open financial network and by giving them capital and access to our expertise we hope they will grow great business it's not about lining up tokens we will later on out on our exchange it's about helping businesses mature. >> how should we think about the fund in relation to your business >> it's going to be de minimus in terms of ourible profitability and returns. we hope to do good and do well it's already off to $15 million in the first an stanciation and it will grow as we grow over time. >> i think i know what your answer is going to be, but when is the next token coin going to be added to coin base. i have to ask you that >> you have to ask me that. >> another one in 2018 i would imagine. >> you have to answer it a certain way. i can't talk about any specific tokens but the general answer is look we are -- from the beginning we have said we are on

the right side of where the regulations are. we have always tried to play within the regulations, be the white player inthe space that' full of a lot of gray if not black. you cannot list things for which there is regulatory uncertainty. that doesn't fit with our mission. the assets we do list have all had some regulatory certainty around them. as soon as there is more regulatory certainty than currently, we will make more announcements. what you should expect is our custodian will basically handle everything, in an equities world that's the blue chips through the pink sheets. in the crypto world you will have the same thing. the custodian will handle everything our exchange will handling a subset of what is on our custodian. you will see that trade. our broker will allow you to trade a subset of what's on the he can change, what's suitable for you. and the asset manager, the fun will have a subset of what's on the he can change. that's the way you should think about it

so we will bring up assets first on the custodian and then they will come to the he can change then they will come to the broker and then they will come to the fun of that's how you should think about it. hopefully more this year but that comes on regulatory clarity. >> are you listing all the coins you think are regulatory certainty? >> correct. >> there are none that have regulation uncertainty. >> correct >> thank you for your time. >> thank you for inviting me. >> from coin base. >> for the asset case, bk has been talking about this institutional wall of money that may be coming which obviously would be supportive to prices. what he just said, they are working on the custodian, they are working on indexes they are working on all the framework has the regulatory environment can get around and they understand there are similar products that have been built the same way when you think about it. we are in the low ball period.

it keeps going lower it may continue to go lower. it doesn't mean there is going to be less volume and ultimately when institutions get comfortable and they can hold it and custodian it that's when the bitcoin stocks take off. i could be at some point this the second half of this year. >> i would love to know what the next one would be. but i understand that that can't happen i still have exposure in the space. did an okay job taking some risk off the table last year but i think we are early still in the evolution. who knows where it depose in the short-term but i am a long term believer. >> once the institutions come in it is a whole other ball game. >> it's fascinating and will be more so whennin enlisted companies in the securities listed world are also in the space. still ahead, ricks fox doubling down on e sports with his echo fox franchise how did he go from winning on the court to owning one of the most successful competitive video gaming teams we will talk to him.

>> karen finerman stepping up to the plate to pitch one stock she says is about to make a major turnaround the name when "fast money" returns.

welcome back to "fast money. president trump making comments about amazon moments ago >> the president was on air force one on his way back from west virginia when he stopped in the back of the plane to talk to reporters. this is hard to hear but the reporters asked him about his ongoing crit sim of amazon and

its relationship with the u.s. postal service here's what the president had to say. >> the post office is not doing well for them. we are going to see what happens. the playing field has to be leveled for everybody. >> make changes to make that level. i'm going to study. >> it the president there saying he is going to study it, saying the playing field has beenst to be level for everybody but that the post office is not doing well with amazon i can tell you when you talk to officials here at the white house, melissa, they say they are almost certain that the president is not going to take any specific action against amazon despite this ongoing barrage of criticism from the president over the course of the past week now that we have seen here at the white house. they say no specific policy actions are being contemplated at this time i can also tell you i just asked the president as he came back into the white house from marine one i shouted a question at him about amazon what specifically are you going to do about

amazon he didn't answer that question didn't answer any of the other questions are the reporters gathered there he is making news on another front getting a lot of attention around the media right now addressing the stormy daniels controversy for the first time saying he did not know about the $130,000 payment from his attorney to the porn star and also saying he doesn't know where the money came from, and referring all questions to his lawyer, michael kohn who made that payment the president making some news n a chatty mood here on air force one today talking about a number of subjects including his ongoing war of words with amazon >> thank you ayman jaffers in terms of amazon, it's almost heartening he says he is going to study the issue i think. >> you don't believe he is going to study >> no. >> okay. >> because it seems like he is willing to have his mine changed or to step back from what he has been saying? >> i thinkhe is trying to step back from what he has been

saying the fifth or eighth tweet doesn't have as much effect as the first one. amazon is the jeff sessions of the corporate world. that will fade something else will be in soon. >> jeff bay owes hasn't said word one. >> genius. >> they report april 26th. their earnings will speak for themselves which is why i think he is keeping his mouth shut i'm not sure what level playing field -- the post office -- you listen to people say the numbers don't add up in terms of what the president is saying. what does it mean? bezos is not talking, stock report is at the end of the april. i think it depose higher from here. >> i can't get into what the post office is doing right or wrong. but amazon has a choice of places to ship their packages. ultimately this sund like great news for fedex which i think is a buy in this market as guy said, amazon -- the big story is where are they going to turn top line into mother-in-law? i think it's going to matter for this stock. >> i never wanted a stock to go up more than this stock.

listen, the guy is lying all of his prior tweets are lies patrick donahue, the former post master general up until 2015. >> they are not factual. >> if it's not factual it is a lie. he has been lying to people on twitter. he has been lying to corporate america. being derogatory about one of the most successful businessmen who transformed commerce as the world knows it. >> what is amazing it is a made in america story. >> but to the base, the mom and pops closing i get that. >> it's another sham because at the end of the day it's great for his base the deflationary pressures caused by what amazon has been doing has been fantastic for u.s. consumers no doubt about it. >> i know you don't like how the message is being delivered and whether or not there is actually a discrepancy or not but the argument that amazon is playing -- >> why does he get to put his finger on the scale here why? >> i'm not done here the argument that am might be playing an aggressive game of

predatory gamesmanship. >> of course they are playing aggressive games they are shipping two third of the packages here in america they have massive pricing power. it's called capitalism, tim. okay so i mean -- >> they for long time have been operating -- >> i'm sorry. >> without making any profits solely for the purpose of pushing people out of business >> come on. >> they have been operating that way to give consume terse cheapest possible product as quickly as they can. >> amazon needs to continue doing everything they are doing. let's be clear about that. but you could make a argument where they have gone after sectors, dominated those aekt sectors, haven't worried about making money if you look in the textbooks, dan, that's antitrust. >> fred smith wouldn't do it but the way to do this would be for amazon to use their stock to buy fedex. they are not going to do it.

can you imagine, that would end all of these conversations dan issic shag his head. but it's not preposterous. >> unless the daj says no. >> amds amazon won't be using usps, if they want to stay alive they are going to be licensing am's drone technology, that last mile sort of solution. at the end of the day you are right, they have not paid taxes. >> i don't feel the need to defend them in any way. >> it's ridiculous >> yes. >> parcels has been the only thing growing. >> we have got to go still ahead we are heading down to miami for the biggest e sports event of the season is taking place to talk to former outhstar and e sports team owner abt e rise of competitive gaming much for "fast money" after this (daniel jacob) for every hour that you're idling in your car, you're sending about half a gallon of gasoline up in the air. that amounts to about 10 pounds of carbon dioxide every week (malo hutson) growth is good, but when it starts impacting our quality of air

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welcome back to "fast money. if you are in miami this weekend, be ready to got your game on. because the biggest e sports event of the season is coming to town the league of legends spring north american finals are taking place this week. the top teams will be duking it out for supremacy in what fans is players evident fame know as the rift two teams ballots it out with champions of their choice trying to destroy the other team's base it's also the most watched game on the e sports scene. the world finals in beijing last year attracted 60 million unique viewers on that one day alone. our next guest is a former nba star who is the founder of echo

fox. you may know rick fox from his days with the lakers today he is one of the biggest names in e sports and joins us on "fast money." a pleasure to have you thank you for joining us. >> thank you for having me. >> you have made a lot of investments in e sports at this point. was there a moment in time where you thought this is going to be big where you knew it was going to be a good investment? >> i think i would look back the my time in new york in 2015 at the north american league of legends championship in madison square garden. i think it was in that moment not only did i experience personally for myself everything that i had experienced in the past in playoff environments throughout my nba days but i also ran into some of my mentors. adam silver being one of them who was there also exploring the industry, understanding it has gone forward as you have seen yesterday with the 2k league congratulations to adam silver and the nba for launching their e sports league. those were moments for me where

i personally got a look into the world of e sports and the potential. >> how has e sports changed. it sounds like you brought a degree of professionalism and discipline to a sport that may have the home of kids who, you know had their eyes glued to a computer screen for hours and hours on end. >> well, that is a stigma, right, coming out of a generation era where it was put down the video game controller and get out of the house that was our era my son is an example had a passion not to go into the family business of basketball but to stay competitive himself in the arena of e sports my entrance was simply as rocket fuel as a parent to him. and so i can't honestly say that there wasn't anxiety around that but as i explored and got keeping into where e sports was growing to my anxiety started to alleviate. no different from a young person wanting to be a professional

athlete in tennis or basketball or some other field of sport e sports is giving individuals opportunities to get scholarships to colleges, making a living for themselves. some of the anxiety can go by the wayside because if they do fall short the industry itself provides coaching jobs, analyst jobs, broadcasting jobs, training jobs, sports psychologists all of those career paths that reside in traditional sports are now being bridged together between traditional and e sports we are starting to see now there is really no difference. >> rick, tim seymour, i saw you talking about this in 2015 we play would you rather what's more exciting for you, cutting the nets down or being at the league of legends finals. >> i won three world

championships. if you know about my back round i have had the fortune of being part of great chan chiss, the lakers, i played with players like shaq and kobe all of those thing i have accomplished looking backwards i tend the look forward. and i think it really is going to be just as exhilarating, as exciting some day to hoist a trophy on the rift that's something we don't get to do this weekend. but we open the to be at the worlds later on in seoul, korea at the end of the year in leaving legends. and i know i'm going to feel the same way i felt when i won championships in the nba. >>ic rick you have something special to show the world right this even? a special jersey >> yes well, this is our weekend jersey for our league of legends team we went with the miami colors so we could support the fan base in miami that love league of legends. our players are excited about

reb senting them this weekend. we hope you tune in. one of our producers spoke about her love for league of legends. >> she is a big fan. rick good luck rick fox joining us from miami. >> he better send us jerseys, number one i'm sure he is listening i will sport an echo fox. >> the colors become you. >> tim was at madison square garden we talked about take two last night. the stock was up today that stock, if you want to play it that's as interesting as it can be given their valuation. >> it was interesting to hear rick talk about how the ecosystem is duplicated, when it comes to the coaching, the doctors, all of that will be duplicated for the world of, he sports i never thought of it that way. >> it's going to be just as big. right? why not professionalize it makes sense. >> the cost structure is probably much less if you think about it, too. and you have to go back to what zelding said last night, this is

an embedded call option for them sning it is a massive opportunity, more than that. i think it is a huge fortunate for the media networks i think it's taking a bite out of sports viewing. >> mg could up, energy leading the rally today and thchtse ar are setting up for an even bigger break for two stocks. we will give you the names more "fast money" after this let's get started. show of hands. who wants customizable options chains? ones that make it fast and easy to analyze and take action? how about some of the lowest options fees? are you raising your hand? good then it's time for power e*trade the platform, price and service that gives you the edge you need. alright one quick game of rock, paper, scissors. 1, 2, 3, go.

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welcome back to "fast money. energy surging as one of the best performing sethors in

today's rally, up nearly 2%. the options market is implying more gains for two big names in the space. mike khouw until austin texas breaks it down. >> we saw a lot of call activity in the energy name two were notable chevron saw two times the average daily call volume, halliburton saw calls out pacing puts two to one. and next week. halliburton, we are looking out to the june 50 calls, interesting. trading about 1.50 a notable increase in price over the course of the next two months i think this is a play on continue the rise in oil prices. but the oil says should be strong regardsless. moowheck out the full show torr, we are back. 5:30 p.m. eastern time up next, final trade see that's funny, i thought you traded options. i'm not really a wall street guy.

what's the hesitation? eh, it just feels too complicated, you know? 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

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>> like the airline. >> you need debate, healthy debate >> respectful debate >> las vegas sands good macau numbers. >> i thought you were going to say spirit airlines. >> i'm melissa lee thanks for watching. see you moowtorr at 5:00 for more 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, not just to entertain you but to teach you. so call me at 1-800-743-cnbc or tweet me@jimcramer how do you approac