>> no. >> it's not clear to me if people want to wish for reacceleration or just -- >> do you think they should do a call for the 8:30 jobs report with the labor department. >> we should with the secretary of labor. >> should they take an elan musk approach to the questions? >> no dry boring questions. >> that does it for us today "fast money" starts now. "fast money" starts now live from the nasdaq market site over new york city's times square our traders are pete najarian, guy adame. gold man jumps on the bitcoin bandwagon. the first of the traditional big banks to join the craze. spencer bogart, a top crypto hedge fund says this is the first of wall street embracing the crypto universe. and elan musk going nuts on the earnings call last night and shareholders are paying the price. jim cramer has the one thing

musk must do to win back wall street we start with stocks saving a major comeback at the lows of the day the dow was down 400 points, reversed midday ending slightly higher as investors shrugged off worries over the fed and china. tomorrow bring it is real test it could be a jobs doomsday. both the strong or weak jobs report could cause pain on wall street "fast money" fans will recall strong wage growth in the february report sparked the selling we have seen this year is the market in a no-win situation and when do you know if it's safe to buy stocks again? guy? >> lots to unravel, mel. the market is in a potential win situation. it's predicated on what happened today. steve grosso said 2580 is the line in the sand with the s&p. we have tested and defended it defended it in a major way today. that's a good sign to answer your question, if you don't see wage growth tomorrow in any meaningful way, i would

not fade the rally you will say. tomorrow no wage growth, decent jobs number, the market will rally. don't fade it. it will close on the highs of the day. >> why should the market actually find tomorrow as being the day when we keep making lower lows the fact that we test and don't fail to 200 although we closed below it isn't encouraging to me the fact we keep testing it is the problem. i look at february 9 we had fake rallies and those were places to sell into i don't think the fed is helping things i don't think the market has anything to do with it. >> i'm somewhere between the two of the guys literally and figuratively i think the repetition of tests is unhealthy for the market if you are a bull every time we test one of the lows, i get a phone call followed by ten or 15 other phone calls. was that the test? so there is a group of bulls that want to jump back in, that want to feel as if this was the real test. tomorrow ahead of the weekend,

go to resolution. >> on what numbers >> i don't think it matters. >> it doesn't matter if there were strong wage growth tomorrow won't the markets freak out because they are worried december is in play? >> hourly wages is the key to this metrics we are looking at tomorrow tim, i talked about it yesterday. symmetrical used by the fed. rick talked about it today earlier from chicago saying there was ten other times that the fed used that in language. now if we get the pendulum, i think they are there whether they need the gas or the brake. >> it seems to me we are stuck in this range and we just expect something different. we keep seeing the same program. 15 to 18 on the volatility index. 2580 up to a little over 700 we test both levels and don't bust out to the upside at all. the downside is just as strong tomorrow's wage number, is it important? it is important for tomorrow going forward, i think the more

important thing is the uncertainty of what's going on with china is as big as any story out there now. i think that's where the confusion is in the market if you look at the earnings growth we got this last quarter it's absolutely incredible the guidance was incredible. when you are looking at the double digit strength we are seeing now in the market, those are impressive points. but if something doesn't go right with what happens over in china, all of that's meaningless because all of the guidance is out the door. >> isn't the bark always worse than the bite? >> it has been with trump. mostly. >> sent an envoy to china, you think you are out of the woods or the worst is over i think that the u.s. will bark really loud, but when china says no, no, no, we'll back up a little bit i think the markets will move higher. >> i think we have barked really loud if anything, jinping has given the chance for the markets to catch their breath i don't think mnuchin will cut a

big deal the ism number, a lot of leading indicators if you look at the fed surveys, various components of some of the fed numbers from yesterday, you're getting corporate ceos concerned about tariffs, getting feedback loop, folks within the labor community think there are not enough skilled workers. this is about you are willing to pay for stocks the tax cut is a one-off boost to earnings. >> no. >> it doesn't keep happening. >> you go from a corporate tax rate -- >> in terms of the s&p >> 35% to 21%, you have not begun. >> i don't -- >> historic earnings by any measure you slap on it we still don't know where companies will put the money and if it is company buybacks, so be it a 21% corporate tax rate going back to -- >> first of all, everybody wasn't treated the same -- >> the last one was 1941. >> everyone isn't treated the same way on a year over year basis you

walk through most of the fax cut. that's my view we won't see 20% earnings growth in the s&p next year in fact, we started this year at 23% s&p with a trailing 20 times multiple i think we are probably closer to 19 times now. the multiple is 16 and a half current. that's where we should be. >> i see where you guys are going. there are huge question marks when it comes to the market, when it comes to the lasting -- how lasting is the tax cut how much is that going to give us in the future there are questions about growth if we have a weaker jobs market it throws it into question a stronger jobs number, we get the question of whether the fed will lean harder into a december hike and the uncertainty of china. if we don't get a deal out of china the tariffs go into effect june 1, less than a month away. >> that could be a problem. >> another question on the market. >> we see a spike in volatility. in this range there is no doubt in my mind when we get back into the 20s and higher. >> is the risk to the down side at this point given the market action, the trading range we have been in, given the

volatility we have seen? >> you tested the down side and held my point at the top of the show -- and i hear what pete is saying remember, this started in late january, early february with a hot wage number that put the fed in play. china came at least four or five weeks after the fact >> four or five other reasons for the market to sell off of which we have had four or five since then what changes overnight nothing. >> i'll tell you what could change tomorrow. if you get a wage growth number that's not near what the market is looking for with a decent jobs number the market will take it as an all-clear and there is room to rally on the upside given the test with the s&p today. >> totally agree. >> tim >> i don't see anything to change the market anxiety over what multiple should we pay with a fed that upgraded the economy. on march 21 the fed came in -- it sounded like a middle of the road, slightly hawkish statement but the markets relaxed. we rallied for an hour, closed

hard we are right somewhere at least in the same digestion period not saying markets have to do that they are now lower than they were then but we never traded back above it. sentiment-wise, why does it have to get good tomorrow >> if the number is middle of the road, to tim's point we have six, seven or ten reasons why the market should have sold off and it didn't. tomorrow, any good day as any other day to rally from here. >> on a wild day like today there is no better voice than our next guest, the man who moves market also called half god, half man we call him marko kolanovic, the head of quantitative strategy at jpmorgan. >> what name do you prefer >> just marko. >> half man, half god. >> marko brought his crystal ball we want to get to your predictions and big calls. prediction number one, the market bottom is in. why is that?

>> okay. first of all a little bit about the markets. it's a business of probabilities. i wouldn't call this 100% type statements we do think more likely than not -- quite likely the bottom was february 9, intraday it was 25, 32 intraday dpa before closed 25.81. we think the low 2500s was probably the bottom. we think there is a strong chance in february we had a very quick deleveraging we had all of these fears basically escalating around rates, you know, around volatility and derisking -- very rapid derisking took investors by surprise. we thought likely that was the bottom other risks emerged around the trade politics, geo politics we are digesting the risks we are working through them. tomorrow we'll see what comes out of china we think there is a very good chance that was the bottom.

>> okay. let's get to prediction number two. all this market volatility will end. explain, marko >> so it's never going to end. we think it will subside, get better in december i came with the forecast the vicks would average 15 remember back then it was around 10 people are questioning that. since then we saw a period of 20 i think we'll see periods of 13, 14 later in the year to kind of average out to around 15 so today we are 16, 17 we think there is room for two, three more points of volatility. again, what were the risks -- the reasons why. well, number one is the rates in the fed which i think played out. we shot for 3% fed hike. i think the fears are sub sizing i see the symmetric statement as dovish meaning -- >> we can overshoot. >> we can tolerate it.

we had the p.c. below 10%. symmetric means ten years, probably not a few quarters yes. the risk is a bit subsidinsubsi. the second risk was extreme low levels of vix driven by correlation and selling of options. that risk is lower correlations shot up drastically. retail investors were wiped out on the short trades. that normalized. third risk was high equity position of investors, systematic and discretionary on the systematic side we see low equity loadings of the trend followers. >> sure. >> on discretionary there is a debate we look at the equity and see 30, 40th percentile. position in decline. finally the valuations growth sector, multiple is high. we look at the forward multiple which is now in the low 16s.

historical average was 16.9. we are below the historical average. we think that's almost the definition of not expensive. we think that corrected and risks are subsiding. >> let's gaze into the crystal ball one more time for prediction three 3,000 is where you say the s&p 500 is headed in the next seven months. >> it is a jpmorgan house view price around 3,000 that's a round number. we came with it in december. even in december i said we don't have one specific number it's hard when you have volatility of 15 or 20 to pinpoint a number. we maintain the target and we have a high conviction we'll reclaim the highs which were high 28, 2900. we'll reclaim the highs, go a bit above. 29, 2950, 3,000 or higher. we think the economy is strong globally so we don't buy into the slow down if you look at april pmis

we think it is fairly uniform. earnings, we think basically it's very strong different metrics look like either highest in ten years or some highest ever. we think that should drive us higher. >> marko, thank you. good to see you, marko kolanovic, half man, half god. >> which half? >> as he's known in some quarters. >> we'll leave that for another day. >> or another show. >> the takeaways from the predictions is the worst may be behind us for 2018 the worst in terms of volatility, lows of the market how does that square with your view, tim? >> first of all, marko and his team have done a great amount of work in sorting through quantitative data and understanding market psychology. for me, my sense a few months ago is markets were too complacent we are getting to a place where people are somewhat complacent i think if you look at financials and sectors that i think will be most positioned to

this global growth this is not a bad place to be buying stocks. >> he's talking about volatility that's something i bring up and people misinterpret what volatility means 16 mean as 1% move on the s&p daily. so marko is saying around 15 i agree with him we'll see spikes into the 20s, into the 30s, but it won't last long people want to say, well, volatility is here to say and it will be here and holy smokes, get ready for it if you double it to 32 that's a 2% move every day. i just don't see that happening. for that reason i see volatility as he did somewhere in the 15 range with spikes here and there. they don't last long and then the market finds itself back toward 15, 16. >> interesting he flagged the dates we talked about. the early february date down to 25, 35 we bounced off 2580. who am i to argue with jpmorgan? i don't know if 3,000 is in play we have defended it on the down

side to make me think we have a shot to go to the upside, maybe tomorrow. >> tesla cratering after a wild performance from elan musculoskeletal musk jim cramer will weigh in the crypto craze is captivating wall street. a top investor will tell us how big of a bitcoin boom it could lead to. and guy is stepping up for the fast pitch and says a hospital stock is about to break out. much more "fast money" after this

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welcome back we have an earnings report on cbs. julia? >> cbs's ceo bullish about the company's advertising going into the important up front ad sales period he took a little bit of a dig at facebook and youtube in the wake of their data and brand safety scandals listen >> in addition we are confident that the unparalleled reach and trusted brands of cbs will prove to be an especially attractive landing spot for marketers as they continue to assess some very well publicized concerns about digital advertising. >> he says his own digital businesses are strong saying cbs's direct to consumer apps are growing and they are growing revenue from cbs's inclusion in new digital bundles. back to you. >> thank you very much

interesting when the facebook scandal broke out we thought immediately of whether or not google would benefit or other social media platforms didn't necessarily extrapolate to the networks. do you think what he says is true >> i'm a firm believer that facebook is going -- is the 500, 800-pound gorilla in the room. them and google. i don't think people will leave in a mass number incrementally, sure. cbs down 17% year to date. if they are going to -- if you spread that around and they leave, i think cbs could be a beneficiary. >> there is a question still of whether or not advertisers are, in fact, leaving facebook or will, in fact, leave facebook. >> we didn't find out this quarter. we'll find out in terms of valuation look at cbs growing at probably 13.5, 14% off this quarter where cable did well and the entertainment business did well. you have to ask why does it trade at a discount to disney? i'm not saying disney should be significantly lower. in my opinion cbs should be at

least a handle higher. you start doing the math you are talking about a stock at least 13 to 15% higher than it currently is. >> now to bitcoin. goldman sachs is going all in on the crypto craze going forward with plans to set up a trading operation, the first of any wall street bank. bob pisani is breaking down how it could rock the crypto world >> this is important the "new york times" reporting goldman will use its own money to trade bitcoin futures and a new type of futures called a nondeliverable forward this is essentially an over-the-counter futures contract what's interesting here is gold man seems to believe bitcoin isn't a medium of exchange, not a currency, but it has characteristics of a value like gold that makes sense because investors seem to be investing in bitcoin as a store of value rather than a medium of exchange why the decision to get into bitcoin? what happened to goldman, to a lot of firms, investor interest was off the charts and they

decided to try to find a way to address that interest. this is important for exactly the reasons future trading was important for bitcoin back in december it adds to the respectability of bitcoin. goldman is the first bank to have a bitcoin trading operation. this is another baby step in the incity dugsalzation of bitcoin goldman tends to be a leader in the market overall in all things they are more opportunistic than everybody else there is a good chance this won't be the last player in the space. what goldman aren't doing yet is trading bitcoin directly that's awaiting regulatory approval trading bitcoin directly is an issue. the obvious one is custodial issues how do they secure the coins this is a very good first step back to you. >> bob, thank you. bob pisani from the new york stock exchange for more on the crypto universe

we have spencer bogart joining us today from san francisco. hi >> thank you for having me. >> have the barrier for investment in bitcoin futures in this example been the lack of a trading desk at the big banks? it seems there are other issues wrapped in i ask this because this is touted as a big step is it really >> absolutely. it's definitely a big step i don't think it is a perfect solution that all of the sudden now just opens the flood gates to the institutionalization of bitcoin. but first we had the futures contract roll out. robust derivative products now we are seeing large banks roll out trading desks particularly with goldman sachs, i expect other banks to follow not just because it is goldman sachs and that's what banks do is follow what goldman does but because the market is so large you can't ignore it anymore. i'm sure most of the banks heard about the numbers or have seen the numbers that companies like

coinbase and binance are putting up they could overtake bank ifs they don't get in the market. >> say this is a good first step what's the next big problem that needs to be solved >> sure. i think bob hinted at it in the segment. custody. right now we have goldman rolling out a trading desk that will only be touching derivative products longer term i imagine they'll embrace trading of the underlying product the physical bitcoin i think a big piece of solving the puzzle will be custody >> who is working on the problem now? >> there are so many companies in the space really, think this became a well known problem over the course of 2017 now there are probably a dozen credible players in the space going after it including companies like coin base and bitco. >> in terms of forecasts for where bitcoin could go if things remained the same in terms of

who can invest, where does bitcoin go if the custody problem is solved, then where do you think bitcoin goes >> sure. so, listen, at blockchain capital we are thinking of longer term horizons if you ask me what will happen to bitcoin over one, three, five years i'm thinking one thing are there going to be more buyers than sellers? and i think the answer is yes. we can think of the problem if we think of two main groups. we have people who own bitcoin on the other hand we have people who don't yet own bitcoin. the question is will the flow be greater from hod lers to nonhod lers or nonhodlers to hodlers. they'll be doing it through apps like robin hood that rolled out through apps like square and some of the biggest platforms like coinbase. >> spencer, thanks for your analysis good to see you.

spencer bogart hodler, hold on for dear life. >> get it right. >> i'm sitting here shaking my head like what's he talking about? >> somebody put the d in front of the l. >> that makes it cool. >> they hold on, don't saell or trade it. >> for dear life. >> i'm a believer in blockchain, a believer in crypto i'm not necessarily sold that bitcoin is the vehicle calling it a store of value, at this point i'm not sure you can make the call. it's not a store of value. it is a store of speculation that's fine, by the way. what i don't understand and spencer or guys that are rolling up their sleeves every day looking at the nuances of the different tokens, is bitcoin really the horse that rides -- >> this is a huge tail wind for goldman with bitcoin once you start to get wall

street and the name like goldman sachs behind bitcoin, the average investor starts to think, okay, maybe i'll look at it i think the wider berth on wall street will be bullish. >> as spencer mentions he talks demand that's why goldman wanted to get in there so many other banks want to follow. >> that's why jamie dimon backed away from the bitcoin comments >> and all they are doing is transacting for clients which is fine. >> jamie brought it up, was he defending himself? probably trying to defend his turf with goldman you will see the rest of the banks want to get in the space. that's a monstrous growth potential. they see the demand coming. >> the move from bitcoin, 100, 200, it's held back up to 96 technically it is behaving as it is supposed to better than the market. still ahead, the dow is in correction territory, down 10% from 52-week highs and 21 of the

30 stocks on the index the top technician has three names he says you should buy now. i'm melissa lee. this is "fast money" on cnbc here's what else is coming up on "fast money. >> announcer: guy says there is a big health care name setting up for a big move higher he'll deliver his fast pitch plus, the elan musk meltdown continues. >> we are going to go to youtube. sorry. these questions are so dry >> announcer: now jim cramer says musk needs to do one thing to regain shareholder trt.us he'll tell us what it is when "fast money" returns people said it just made a mess until exxonmobil scientists put it to the test. they thought someday it could become fuel and power our cars wouldn't that be cool? and that's why exxonmobil scientists think it's

not small at all. energy lives here.

welcome back the dow staging a comeback closing in the green after falling nearly 400 points at the lows of the session. it's been a rough year for the dow. 21 of the 30 dow stocks have fallen 10% or more since the dow hit a high on january 26

check out the biggest loser since then 3m lost nearly a quarter of its value. walmart lost around a fifth of market cap same with procter and gamble mcdonald's the latest addition, down 10% from the highs as of today. are any of the names a bargain buy? pete >> i don't know if it's reached bargain yet because of the value it's coming from but the 24% down by 3m is interesting of those names. the other names don't excite me frankly. there are names down less -- >> not mcdonald's? >> i do like that one. but mcdonald's continues to get a little bit in front of itself and makes pullbacks and gets in front of itself. i love what they are doing they are doing everything they should be doing. at valuation of where they are for a fast food restaurant, i just don't know that i can grab mcdonald's. >> for 3m you like -- what >> i like a lot about what they are able to do i think they were like so many of the industrial names that got

way in front of themselves like cat when it was $173 a share i think 3m has a further drop. >> when you look at the chart it's hard to think there is still more down side i'm not saying there isn't. >> right. >> but i would say they should do what mcdonald's did how many skus does 3m has? >> items. >> when you look at the stock chart it looks like it is in a bottoming process. i would be willing to give it the benefit of the doubt. >> our next guest says there are three dow stocks worth buying now. let's go off the charts with todd of trading analysis.com >> before we get to the three stocks take a look at the dow. today it was a crazy trading market for me. if we look at what brought us to today through 2018 we technicians look at this as just a simple triangle. basically you're getting a series of lower highs all the way down we're getting higher lows.

at some point all this potential energy that's been stored up in this market will be released and go into kinetic energy if i remember my physics correctly. can we go back i didn't mean to advance it. i want to check the 200 day moving average we tried to break through. we snapped back. i think that's the buy signal. i started to nibble on the long side you can see the 200 day. we tried one, two, three, almost four times you have a cool candle here. that's the reversal signal for the dow. look at the three stocks we have here number one is caterpillar. lots of news with the downgrade. the relative performance of cat was strong here today. you're going to notice this guy is testing the 200-day moving average. not the same sideways higher lows, lower highs pattern as the dow. you have a down trending pattern in caterpillar that's what they call a bull flag sort of move up and out of the range would be constructive in caterpillar of the three i brought this is

the relative lagger. next in line is home depot you will see a really nice response from that 200-day moving average i have never seen a market that's respected the 200-day m.a. so much it seems to define everything in the market just a nice beautiful move up. we have come down. a little rounded cup here. we are set to move up in hd. i like the looks here. then the next one, i think the best of the dow now is boeing. again, just look at the distance here look at the air between the 200-day moving average we have a nice sideways consolidation. not even movement here just a clear break up through 370 bucks will get you done in boeing that's showing the most relative strength. >> what's the worst looking stock on the dow >> the worst stock in the dow? probably 3m. >> so pete's buy is the worst-looking stock? >> well, from a technical point of view versus fundamentals. do you like it technically

>> pete? >> in his defense i'm not sure he said he would be a buyer. >> i didn't necessarily say that but of the names on the list, i think 3m is the closest. >> if you and todd want to take it outside d sh -- >> how about xli do you have the xli puts from yesterday? >> yeah. even more paperyesterday i saw the industrials. last night we had chris verona on to discuss maybe one, two, three percent max for the industrials to the down side he might be right but the puts could come into play. >> i will push my luck and go back to the last conversation. i think you guys are drawing a correlation between bitcoin and the dow. does bitcoin start to fund a bid from spirits. >> great kinetic energy, todd. >> don't change a thing. >> good momentum whatever it is todd gordon, trading

analysis.com guy, what do you think of -- i don't know, 3m >> kinetic energy is joules. >> right not the kind on your finger. we have tested it. stands to reason we may bounce off in a significant way not to suggest the move isn't over on a tepid wage number tomorrow i think we can explode off the 200-day moving average. >> boeing, home depot or cat >> cat has terrible kinetic energy because it is in motion already. that's going down. home depot, i'm going to leave the charts aside the fundamentals make sebastian to me -- make sense to me. i don't think the interest rate sensitivity should be around home depot but it seems to stay in this name. >> we have a news alert out of washington, d.c. let's go to eamon javrs. >> we have a correction on a story from nbc news we brought

you earlier in the day today here it is earlier today nbc news reported there was a wiretap on the phones of michael cohen, president trump's long time personal attorney citing two separate sources with knowledge of the legal proceedings involving cohen. three senior u.s. officials now dispute it saying the monitoring of cohen's phones was limited to a log of calls known as a pen register, not a wiretap where investigators can listen to calls. nbc news will continue to report out the story. melissa, that's the update from the white house. back to you. >> thank you so grosso, we saw the markets move on this earlier. >> add it to the list of unknowns in the marketplace and the tape bombs you see once in a while. be prepared for it this is a product of volatility. these one-liners, the headlines aren't going away unfortunately. invest through them. >> still ahead, tesla tanking today after elan musk went on a wild rant on the company's earnings call last night what does he need to do to woo back investors

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welcome back tesla ceo elan musk raising eyebrows on wall street with whacky behavior last night on the earnings call. hi, phil >> melissa, about this time yesterday i was talking with one of your producers and they said how's the conference call. i said off to a sleepy start that changed halfway into the call when there was an exchange when tony saganaki tried to ask a question regarding the profit margins and the expectations for the model-3. listen to this exchange with elan musk. >> so where specifically will you be in terms of -- >> excuse me. >> in terms of capital requirements. >> next. boring bonehead questions are not cool next >> that was just the beginning musk cut off a follow up question when he said, look, these questions are boring and dry. let's go on to youtube questions from tesla investor who basically asked about a half hour of softball questions

so you have a big drop in tesla shares all of the questions for the most part surrounded the model-3, whether it is profit margins or the configuration of the car. the company said they are on target to build 5,000 per week within a couple of months. not exactly by the end of the second quarter that's not the guarantee from the company. here's what analysts said today in terms of whether or not this is a big deal the way elan musk handled the call. >> i think it was mean but whatever we'll get past it. people will focus on how many model 3s they can make at the end of the day that's what matters. >> the stock would be up today if it wasn't for what happened this will pass my feeling is in the next couple of days we'll look back and this will be all but forgotten. >> if he can't be bothered with running the company he should change roles and bring in somebody else as an operational manager to interface with the street and talk to those details. >> yeah. i don't think that's going to happen elan musk is firmly in control

of the company melissa, one last night. i reached out to folks at tesla, heard back this afternoon. they are not expecting elan musk to say anything more regarding the conference call. >> yeah. not a surprise phil, thank you. phil lebeau in chicago is this elan musk just being elan musk? do we look through it? is it friorgivable. >> totally. >> that's excusable? >> yes people that are long the stock like a ceo being candid shooting down an analyst poking holes in the story. i bought the stock a couple of days ago, yesterday, today it held. sold off on a ceo being rude that doesn't sound like a reason to sell a stock to me. >> how about a ceo that won't answer stock questions on gross margin if that was jamie dimon would it be okay? >> yeah. >> no, it wouldn't >> he's been cocky.

>> he doesn't say i won't answer that question. [ speaking at the same time >> you saw him report. he beat guidance on everything give him a wider berth. >> keep buying it. >> keep shorting it. >> i'm not short. >> we have the one and only jim cramer here on elan musk's antics last night. what does he need to do to win back wall street >> nothing the whole thing is a charade at least he finally called it one. this is a parlor game. he's been playing with analysts. he finally had enough. look, i think it was a good call he said two things i'm tired of playing the shorts game and the hedge fund game and he said, don't buy my stock. that was fabulous. you shouldn't buy his stock. no one should. it's not for the faint of heart. if you want to own it, you're playing the game it's like scott wapner's book. doesn't have anything to do with the stock. it's the guy with one set of facts and a lot of other people

with another set stop having conference calls stop it. he should have the car guys come, interview him at the giga factory and have it be a giant lovefest if you love it, fine it is not for me for once, he spoke the truth. >> elan musk speaks like he has an ace in the hole is there a potential investor that may throw him -- it is a $50 billion company. may throw him a billion or two. >> are you thinking soft bank? a savvy arabian fund out there >> or even a mr. warren buffett but that's not typically his thing. could somebody put this to rest? >> i think someone could cure the financials, yes. there is a lot of money that needs to be raised one reason i felt bad for analysts is they are trying to get at the obvious thing you should be raising money because you're burning cash. that's true. he doesn't play by the rules maybe there is someone behind him who says do whatever you

want for the little guy watching, this thing is far too dangerous. it was great he said there is too much risk. i thought it was incredibly honest and good. good he said it look it's just too volatile for you please sell. i love that candor that was terrific. yes, tony, every time he's on a call he's worse than the guy, good guy from mor dgan stanley. they get on the calls trying to bring down the house like tony's apple's best days are behind them. why can't we say, you know, that guy is endlessly negative and i have had it. i thought musk was good on that. >> jim, i hear you've got a big show tonight you'ring roing the boat -- you are rocking the boat with the ceo of norwegian cruise lines. take a listen. >> one of the things millennials seek is value. they are not millionaires yet. >> they're frugal. >> they are getting there.

along the way they want to have fun. millennials have the highest index of propensity to travel. more than generation x or the boomers. >> is the stock a millennial play a cruise line, really? >> ten times earnings ahead of a gigantic meeting tomorrow. they have a good story the whole cruise ship story, the stocks have been going down. the millennials love to price shop they know it's a bargain and they take it just ask my 23-year-old daughter who goes on these cruises. it is not the way it used to be. >> she's the best barometer. in terms of millennial taste she has excellent taste. >> yes, thank you. >> you got a taste of what appeals to millennials today i hear you are driving around in -- what a little car >> it drove like a tesla, frankly. there we go. herky, jerky at the beginning and it flies unlike the stock at tesla it's

safe at any speed. >> nicely put, jim good to see you. >> thank you, guys. >> don't miss the rest of the interview tonight at 6:00 p.m. eastern time on "mad money." still ahead from burgers and shakes to watching your weight, we have two big after hours gainers. shake shack and weight watchers. the conference calls are under way. we have the latest headlines and guy is warming up to pitch one stock he says could make a major turn around. he'll give us the name when "fast money" returns jimmy's gotten used to his whole room smelling like sweaty odors. yup, he's gone noseblind. he thinks it smells fine, but his mom smells this... luckily for all your hard-to-wash fabrics... ...there's febreze fabric refresher.

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welcome back to "fast money. time for the fast pitch. one of the trader wills pitch a stock they think could rally the other traders vote on whether they are buying or selling. guy has the one name that's down more than 10% from its recent high what are you looking at? >> hospitals, mel. i have toni braxton in my head i can tell already i will lose i have three reasons why you want to own the stock. the stock is hca attractive valuation tenant health care reported a ridiculous quarter the stock is going from 21 to 35 in a heartbeat it's trading close to 20 times forward earnings hca, better story in my opinion trades at half the valuation so if you like thc, you have to love hca walmart is in the business when i had my kidney stone i wasn't driving to walmart to get

it taken care of i was going to a hospital. people still go to hospitals just look at hca's last quarter. admissions were better than expected the last one, they have a huge competitive advantage in urban areas. some place a walmart can't penetrate, some place hca dominates. last quarter was outstanding i think the stock sold off because guidance was tepid at best people are misinterpreting what went on. think hca is a screaming buy also, somebody spoke about hca at the conference a week and a half ago i agree. >> surprised we didn't get the baby crying when he talked about the kidney stone and toni braxton would have issues with the pricing and margin pressures >> you're right. there are margin pressures but they are running the hospitals better look at the last quarter margins improved maybe they figured out their business running more efficiently. your concerns are overblown because they are running businesses better and the margins from last quarter in my opinion prove that

>> no more questions time to vote are you buying guy's pitch for hca? >> great management, great company, great valuation guy, we're with you, baby. >> tim, you sounded skeptical. >> he gets me on valuation i would rather have toni show up tonight. >> make it a triple. >> you know what that means? toni braxton tonight we will see you guys out there to determine what we'll listen to at the end of the show. >> ooh, not looking good. >> rulests later on. much more "fast" ahead we use our phones and computers

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it's a new kind of network designed to save you money. click, call, or visit an xfinity store today. welcome back time for an earnings whip. both weight watchers and shake shack reporting seeing healthy gains in the after hours session. eric has double duty covering both names at headquarters pick which one you want to start with >> that's right. healthy gains starting with weight watchers up 9%. the ceo gushing about celebrity partners oprah winfrey and d.j. khaled about helping get their record number of subscribers listen to this sound >> the u.s., our ad campaign featuring oprah winfrey highlighted the freedom and simplicity of ww freestyle starting in january, ww

ambassador d.j. khaled engaged with and entertained millions on social media and the enthusiastic positive response by his followers has been remarkable his kitchen, an imher sieve food truck experience gave people a taste of ww freestyle and showed how healthy can fit into any lifestyle anywhere >> turning to shake shack, better than expected same store sales up instead of analysts expecting it to be down. they are up about 9% after hours as well. healthy gains for both back to you. >> thank you very much, eric tim, which do you like >> shake shack i was not a fan for a long time. randy has been on the show at least once he talked about the unit sales growth it's not just the high concentration areas. they are growing in other spots. good for them. >> weight watchers >> let your body get to the size it wants to be >> naturally >> what size would that be for you? >> right here.

it's a losing event. it sucks people try. khaled, buying the burger. get to the body weight you want to be. >> 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 your insurance on time. tap one little bumper, and up go your rates. what good is having insurance if you get punished for using it? news flash: nobody's perfect. for drivers with accident forgiveness, liberty mutual won't raise your rates

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guy said he was hearing toni braxton in his head.

now for real a lot of twitter fans aren't buying it. >> this is going higher. >> tesla, buy. uy g >> hca, toni. >> "mad money" is next 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. 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 money. my job is to educate and teach you. call me at 800-743-cnbc or tweet me @jimcramer. you can only get negative for so long on the same darn stories. that's my reaction to today'