all fox shareholders. back over to you. >> thank you very much. 21st century fox now down like less than 1%. we had bookings, formally known as priceline. bookings down 6%. roku up 4%. >> expectations too high. the whole group is under suspicion. >> we have a lot more to say but we're out of time. "fast money" starts right now. "fast money" starts right now. live from the nasdaq overlooking new york city time squares. i'm melissa lee. our traders on the desk are pete najarian, tim seymour. energy stocks are on fire soaring in the past month. the biggest names rallying high. the traders will tell you how to catch this rally. plus 21st century fox report earnings. and if comcast could derail it. well, everyone's watching the energy sector, bang strikes

down. they're on a tear. facebook, amazon, netflix, all up double digits. if the fang strikes back for good. what do you say? >> the answer's yes. if we -- when we talk about all the different technology space, we talk about earnings and look at what the earnings numbers were for many of the companies that have reported by now they're incredible. then you get the warren buffett side of things that fuels the fang name as long as with the rest of technology, even under the chips, but since he came out and talked about his opinion and he talked about the economy as well and that's something that so many people left that part aside, he talked about the economy and the fact that he sees it as much stronger than anybody else is been reporting about, because of that that really helped the market out to tell them we're not done yet. there is still more room on this rally and some of these names have been pounded down. you look at micron and intel,

and some of the names that got pushed down for no particular reason, it's not valuation. but i think that gave everybody the green light to say, you know what fang's okay, and the rest of technology's okay as well and you can start to buy into some of these names. >> facebook was a idiosyncratic story. it's back basically -- >> it overshot to the downside. it didn't have any impact in earnings and i don't think it'll have a material impact going forward. it's not just the fang trade that's on. it's the momentum trade not guilty general that's on. momentum index today and 25% of that index is banks and financial and the other 27% is technology. the momentum between banks, financials and technology is in play here. both those sectors will continue to work and lead this market higher. >> i don't know why you need to go buy apple at all-time highs or facebook with a lot of risks around it. i like apple so i won't pick on apple, but i'll pick on facebook

just enough to say it's not about the valuation. they had very good numbers but there's still a lot of uncertainty there. we had a nice snap back and chasing, which is what i think you're doing 21% in three weeks, not something i want to do. the s&p had a very important breakout above that down trend line today. the vix is down below 200 and guess what it all happened on a day when we got back above 3% on the ten year. they're impugning that upon the economy and level of growth. >> i think it's a mistake to look at each one of those names we talked about and say there wasn't something fundamental there. we can look and see that facebook was obviously pretty fundamental to their business. it didn't effect this last quarter. google's one, or alphabet. the stock is meaningfully below its highs. they had year over year operating margins that were down from 27% last year to down 22%. that's a real reason for concern for a stock trading at the level

it is. there's a lot of issues with some of these individual names and i'm with tim, i don't think you have to buy amazon at the all-time highs or apple at the all time highs. from all through april during earning season. you just mentioned intel. it never really sold off -- >> no, no, no. >> not meaningfully. >> it hit a new high after earnings but that same day it turned and fell to the other side. >> fang that some of them were down 15% almost 20% high and the other one is microsoft. microsoft's been this very long day -- at some point it's going to breakout. so to me it seems like old tech and defensive. you have better valuation support there that some of the other ones that have idiosyncratic issues. >> do you like tech? >> if you look at what really led a lot of this rally, the semis underperformed by 9% in april and stormed back.

i like intel. i hate to sound like the broken record here. i think the rest of tech in terms of other chip names. micron is very cheap. i'm not sure that's a name i would go for. i look at global tech 2 because i look at the global markets. alibaba has been one of the best performing stocks in the world. i actually faded some of that over the last couple days because these are tough levels for these stocks. >> i'm going to practice my next question to pete with a question. arising oil prices, rising interest rates, is that telling the story of good economic growth >> my answer would be yes. >> so in that case, do you want to be in technology or would you rather be in something like industrials or materials or energy >> you may want to be -- i'm very heavily in energy. i also have, you know, weighted pretty heavily as well toward technology and chip names specifically. and tim talks about the underperformance. totally agree. micron is one of those names

that's been told so many times the story of, this is a company that's just not going to be able to combat what's going on. they have an incredible balance sheet. they have incredible growth. i like micron and i continue to be in there. there are names that i think that will continue to work to the upside. breaking news on ford. let's get to phil lebeau in florida. >> reporter: the global president of operations at ford basically, the head of manufacturing there, ford has decide that had it will be halting all production of the f-150 starting at the end of the second shift tonight. essentially 11:00 p.m. eastern time. they've already completely stopped production at the f-150 plant in kansas city. they were still building at the dear born truck plant. that will stop at the end of the second shift tonight. they have also success pejded super duty production at the ford kentucky truck plant. it comes down to this. they do not have critical components that are needed for

the instrument panel in the f. series because of a fire at a suppliers facility last week. that supplier's facility there was an explosion and a fire. that means they cannot make certain key components. those components are critical to building the f-150 and without them, ford can't build its best selling andmost profitable vehicle, the f-150. we'll hop on this conference call. we'll have more for you in just a little bit. ford at the end of tonight will stop building f-150 until it can find a way of making these components again. back to you. >> phil, is there any sense of how many f-150's are built in a day just to get a sense of what the damage is? >> not in a day. let me give you a point of reference, in the month of april, 60,000 were built. they have about 80 days of inventory within the system, on dealer lots or being shipped to dealers right now. are they okay for the next week

or so, melissa sure. you go out into two weeks or two and a half weeks and you still haven't been able to find a way to build these components, then you'll start to see some dealers complaining. ford out with an announcement about this saying at the end of the announcement that despite the fact that this will have adverse impacts in terms of sales near term, it is reaffirming its full year guidance of earning between $1.45 and $1.70. they will try to make up any loss production through overtime once they can get everything back and running again. but when that will be remains to be seen. >> thank you. it speaks volumes in terms of the impact here. >> 80 days of inventory, reaffirming guidance to me. if there's weakness in the stock tomorrow there's a buying weakness. i believe they'll find a solution to this and we'll know very soon if they can.

i would suggest buy in the weakness. >> it may mean waiting a little bit to the f-150, do you lose that sale because you have to wait >> i don't think so. that's they're go-to. ford's taking it on the chin since the entire market pulled back. it has not pulled back in line with some other names. their first quarter was in line but slightly soft. why buy now? >> not too much reaction in the after-hours. joined by tony dwyer. the one chart he says could signal more games for stock. >> one of my famous savings is corrections are only considered healthy until you get them. once you get them you've got to look at the volatility and say how do you know when you're making an interimmediatat term low. we have a chart here that's a 14 week capitulation chart. what we look for is times where you get to this green line which shows oversold. what you'll notice is every time you touch this green line and

get below and close back above it, you're at a point where you have an oversold rally. each time you have a major intermediate term low. that just happened in early april. when that happens you get a median gain of 14.85% over about seven months. >> should we invite tony over to the desk come on, tony. thanks, ryan. you're sweating. you didn't think i was going to invite you over. in those scenarios, are there sectors that lead the way. >> it's more random now but it's obviously the more cyclical and the seconder calls we have right now are the productivity trade and that is if companies are seeing corporate inflation, the only way you can offset that is productivity. who funds productivity obviously banks and capital markets provide the money for it. industrials implement the productivity with automation and technology is the brains behind

the productivity. so those three sectors typically do the best as you're flattening the yield curve with the fed raising rates. >> does it matter what happens prior to that time when the line touches the glean line and it forecasts the 14% rise over the next six months in terms of the sector leadership or what takes you down is that what normally takes you up >> typically, yes. you go into the defensive sectors. here's the problem with that. the consumer staples are typically a defensive sectors. if you look at the consumer staples performance chart it's in a free fall. it's hard to say that it's always going to be the same. what you look for is just a sentiment basis where, like for example, we had over 65% balls in the investors intelligence newsletter in mid-january when we're looking for a correction. it's down to 43%. you've already had that -- i don't want to call it capitulation but it definitely isn't as bullish. >> we were just talking about fang. you like tech here.

we're looking at the s&p, still in this down trend. so you have microsoft with the highs and apple and facebook, you have amazon making highs. what's going to take the market back towards -- in the very near term back to that highs from late january that's 5.5% from here. >> that's a good question. the fact that it went down in theory on slowing growth, higher oil and higher interest rates. what we have all three of those and it's not working to press the market lower any more, which is one of those indications -- what we do is we look for fundamental -- we have a deep fundamental core thesis which is absolutely still positive, it's based on higher earnings per share and you wait for it to actually -- people stop believing in it. you're at that point but you're not pressing the market on those perceived negatives. there's no trump tweet. the iran deal withdraw was supposed to blast it. all these different things that -- they were going to get you. the boogie man. they're not pressing it and as a

result you're getting buying interest. >> with the financials, that's one of the areas you talked about as well. does it matter the velocity the move of the ten year in terms of can the financials -- will they be able to stay up or is that something that's scared you a little bit if the ten year takes off and the velocity takes off -- >> you'll get a correction for sure. when we were getting that initial move to the ten year earlier, people were saying it's the velocity that's bad. it was way worse, twice this cycle and it didn't crush the tape. so here's what kills this story from a short-term basis and then a long-term basis. you guys are sick of me talking about it. on a short-term basis you have to have a perceived global crisis in economics. think about the asian economic crisis in '97, think in 2011 through 2015, you had a european debt crisis every 15 minutes. china was going to go to zero on

real estate and on the commodity crisis. you need that perception that the world can bring the u.s. down. the reality is, it can't. the only thing historically that is led to a long-term bear market is a recession and that's always identified by an inversion of the o curve. >> thank you. what did you do today? >> you know what i love about tony is not only is he the best looking guy on the desk but he comes with the same thing every time which is very important. it's that consistency and i think that's been very important during difficult times. by the way, did you know that tony's got a new product out there? >> really? what is that product >> wire strategy.com which you can get tony a lot more than just the few moments we get to share with him here. >> congratulations. >> a lot of that comes from my friends in the "fast money" show where people kept asking me where can i get some of this research and we're an institutionally based firm in the u.s. you can get the more thoughtful longer duration on our website. >> you might put us out of

business, my friend. >> not a chance. >> thank you. >> what did you do today >> couple weeks ago i put a spy short on. i cut half of it -- the level that tim is identifying in this down trend that to my eye it hasn't broken out above that yet. if it were to establish a level above that down trend you can see the s&p back another 50 points in the next few weeks. >> what looked interesting to you, pete? >> energy continues to dominate. that's been the case for at least three or four weeks. i trimmed up a couple things because everything i've seen really short-term. we're talking about one week, two week, maybe two months at the most out there. >> are you taking profits? >> i'm actually taking off complete positions because they've moved the marathon was one of those examples. across the energy space -- amd is another one. it's not one of the names -- >> i wouldn't be i bought spy calls just yesterday so no, i would not. energy catching fire as

rising geopolitical tensions are on the rise around the world. the former secretary of defense leon panetta will join us. later, elaine wynn to the rescue. fighting for control of the company and it is -- and it's sending the stocks back to all-time highs. we're live from new york city. much more "fast money" right after this. for the sales team, it and the warehouse crew. give us the data we need. in one place, anywhere we need it. help us do our jobs better. with domo we can run this place together. well that's that's your job i guess. ♪

i am an independent financial advisor. i left a traditional brokerage firm because i wanted to be free of their constraints. at my firm, i act in the best interests of my clients. i can tell them i'm supported by one of the world's strongest, most admired financial firms. fewer constraints, the freedom to do what's best for my clients. that's why i'm independent. charles schwab is proud to support more independent financial advisors and their clients than anyone else. visit findyourindependentadvisor.com no one thought much of itm at all.l 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.

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it's the internet in your hand. that's why xfinity mobile can be included with xfinity internet. which can save you $400 or more a year. it's a new kind of network designed to save you money. click, call or visit a store today. investors are betting on wynn. the stock nearing an all-time high of the support grows for steve wynn's ex-wife. contessa joins us on set with the latest. >> in this battle for the board's, elaine wynn's garnered the support of all the shareholders. investors vote against legacy director john haugen buck. he's been waging this serious campaign to push him out, highlighting he's serving on the company's committee looking at the sexual allegations against

steve wynn even though he's tied closely to the former ceo. so it presents a strong conflict of interest and it compromises the reputation of the company and the board and they're looking at the compensation committee saying, look, he wasn't looking out for shareholders when he was deciding executive compensation. wynn resorts has responded to all of this with continued defense for john haugen balk and his contributions to the board. and while that's true, iss went on to say though the board acted swiftly when faced with a crisis, the legacy directors apparently failed to change the batteries of the smoke detectors well before the fire broke out. can you really claim credit for putting out the fire if you're at fault by the way, they're not letting elaine off the hook. they point out that she shares some responsibility for wynn's aggressive machinery. all of this will be sorted out a

week from today in las vegas. it's not -- at this point it looks like they're going to keep with tradition and not allow reporters inside so we're pushing for more transparency and you're hearing that from these shareholder advisory firms as well. >> the fact that three sided with elaine wynn, does that mean that a lot of the companies that may own wynn passively that they'll vote along with the recommendations? >> that's a great question for the people who manage those funds. here's the interesting part. you have a new owner galaxy that owns almost 5% of the shares, t row came in, owns a big chunk of this. they don't have the right to vote those shares now at the first shareholder meetings by the regulations of this company steve wynn still has the right to vote those shares. what we heard just a few days ago was the massachusetts gaming commission say, if he does as he says he's going to do and does not vote those shares then we will consider his ties with this company broken. this is a very important moment

for the future of wynn resorts. >> maddox has been a busy guy and the other part of is working through the corporate structure, cleaning up a couple of these bond indentures which has given everybody the freedom to vote the rest of those shares so it's crucial. >> is there any reason to believe that steve would, in fact, vote the shares? >> he's taken all these steps to separate himself from the company, but what the massachusetts gaming commission did by withholding that final piece of the judgment was just to be sure. it's just the last piece of assurance that's he's really gone. >> contessa, thank you. pete, where do you stand >> you still own the stock. >> i bought because he bought but i didn't sell when he sold because i don't feel he would've sold under other circumstances, for instance. so because of that and because of the growth, of how strong that continues to be and tim knows that as anybody knows that story it's unbelievable.

i think because of that why wouldn't i stay in a stock that i think he was setting up. he was setting up some point in time that he was going to have to step down. not a young guy and maddox was the air apparent. i think everything's been laid out five years in front of. >> the role of elaine is she's the activist investor in the stock. >> the market very clearly thinks it's a good thing if this gets passed. the massachusetts ruling is super important. that's a linchpin to the story right now. the stock doesn't work without that in my opinion. i think that it's an okay buy here still under the circumstances that this gets through. still ahead, ford saying moments ago it is suspending all production on f series trucks, it's best selling and most profitable vehicle. the company hosting a call to address the news right now. we'll bring you the very latest. you're watching "fast money." here's what else is coming up on "fast"

♪ announcer: and with it so have oil stocks and something happened today that suggest the rally may last a while. we'll tell what you that is. plus, back by popular demand, it's bitcoin, part doux. they see opportunity now including a rare interview with bitcoin jesus roger bear. deal witith . that's all next week on "fast."

welcome back to "fast money." trump's decision to exit the iran nuclear deal reigniting political tensions. eamon javers is at the white house with the very latest. >> reporter: the president said earlier today that he's prepared to reveal the time and location of the north korea summit in just a couple of days so that is coming up and something to watch. we had sarah huckabee sanders today asked about all of this and here's what she said, some new developments might be coming

on iran. >> as the president said yesterday, he would like to see something happen, but we are 100% committed to making sure that iran does not have nuclear weapons, and that's -- until we see that happen, we're going to continue to put maximum pressure, enormous sanctions on them, all of the sanctions that were in place before the deal are back in place and we're preparing to add additional sanctions that may come as early as next week. >> reporter: so that's the key there, melissa, the sarah huckabee sanders saying additional sanctions may come as early as next week on iran. that's even as the white house is negotiating this north korea deal, so two big nuclear deals taking place at the same time going in very different directions. the president getting out of the iran deal but in to a possible north korea deal right in the same week here. one of the big uncertainties around all of this is what's the reaction going to be among european governments and companies and just how intently

the united states will deal with those european companies if they continue to do business in iran, how will the united states handle that under this new sanctions regime we don't have clarity on that point at this point. we've been pressing the treasury department and white house officials for more details on that and we'll bring them to you when we have them. >> thank you. let's bring in leslie picker who's in las vegas sitting down with the former secretary of defense under president obama leon panetta take it away. >> thank you for joining me. obviously a very topical day for you to be here and i'd love to get your thoughts on this iran situation with the u.s. unilaterally pulling out of the deal. with no plan b, do you expect there to be another plan and in the meantime, are we setting ourselves up to be on a collision course other economically or geopolitically. the greatest concern is that i don't see a strategy here, i don't see a plan b and the

problem is if we've offended our allies, which we have by basically dropping out of that agreement, we're possibly going to implement sanctions and if our allies continue to abide by the agreement, we would have to sanction our allies. we've raised questions about trust and whether they can trust whatever we can agree to and i think in large measure we've lost our leverage in terms of getting iran to the table, because iran has no incentive, really, to sit down and negotiate on anything right now. so my concern is that in that vacuum we are left with a negotiation which isn't likely to happen or some kind of potential military confrontation in the future and that's a lousy choice. >> which do you think is more likely of those two? >> i think the problem really is going to depend on iran, if iran decides that as a result of what the united states did that

they're going to now implement new enrichment and start to develop the kind of capability that could lead to a nuclear weapon, then i don't -- i don't think there's any other option but the potential of some kind of military action, because israel certainly isn't going to tolerate iran developing a nuclear weapon and if israel acts, they will by virtue of just agreements with the united states drag us into that conflict. >> if there is a conflict, one of the main concerns, of course, with the united states unilaterally pulling out of the deal is what that means for our european allies and our relationship with china. what happens if we are pulled into some sort of conflict can we depend on the european allies as we have in the past? >> the problem is in the world of today, we have a number of flash points around the world

that we're dealing with, crisis around the world and it's not just iran, it's isis, it's middle east failed states like syria, it's russia and china, it's cyberattacks and the reality is the united states cannot deal with these crisis without our allies, without our alliances. we can't do this alone, and here we are taking are greatest allies, france, great britain, germany and basically throwing them out the window in terms of the agreement that we signed with them. i think china and russia, who probably already have concerns about what the united states is doing, we've just increased the level of distrust with them as well. we are not in a very good position right now to build the kind of trust and this is all about trust. you can't have any deals. you can't work out any

negotiations without mutual trust and what we've raised are real questions about whether or not you can trust our country. >> this maximum pressure campaign tactic, this negotiating strategy that trump has utilized has appeared to at least bring north korea to the bargaining table and of course the three people were released today. do you think that this is hot air? do you think there's a solution to be had here what do you make of what's going on in north korea? >> this is a president who likes to operate by chaos. he's torn up a lot of agreements. he tore up the tpp agreement and yet there was no strategy as to how we replace that. we left the paris agreement with no strategy as to how we replace that. we got rid of daca without saying we should fix it, but then where was the strategy? on north korea, obviously, you know, we did implement sanctions. we have the chance to sit down and try to negotiate and i'm

pleased, obviously, that we're able to get our prisoners back, but the real question is, wait a minute. this is about denuclearization and we have heard nothing with regards to the specifics of denuclearization. what do you do about verification what do you do about inspections? all of the issues that have to be worked on that very, frankly, take time and i don't think we have a strategy yet as to how we'll approach that. >> a lot of people are looking at bitcoin as a way to go around the sanctions that companies can potentially utilize bitcoin as a currency to go around the sanctions put in place in iran or other places as well as potentially buy weapons using the currency do you have the thought about the utilization of bitcoin and what we should be doing on a defense side to protect ourselves against that >> one thing we've always learned about sanctions is that our enemies always find ways to get around those sanctions in one way or another. north korea did utilizing both

china and russia. we have seen iran during the time we were implementing sanctions try to find other ways to get around it. so there's no question in my mind that there will be efforts to try to find other ways to avoid those sanctions. i think the biggest problem right now is that, if we are going to implement our sanctions, we're going to have to take steps to go after our allies who have said they'll continue in the agreement, and the idea of our sanctioning france, great britain and germany i think would be a terrible signal to the world in terms of the relationship with the united states. so the chances are that there will be efforts to look at other options whether there will be successful or not or whether we can find ways to stop them from going around them, i have no idea if we're ready for that. >> do we have the ability to patrol the use of bitcoin to engage in trade? >> at this point in time i don't

think we really have that capability because we've never had to face that kind of situation, but i really do think at this moment in time, if we're going to have any hope of ultimately returning the situation to our negotiation, which i think is what the president wants to do, it's what others want to do, but what happened here is the president lost his leverage because we had them at least in the box with regards to developing nuclear weapons. they're out of that box now and that's what makes this a very dangerous situation for the united states and the middle east. >> all right. thank you very much for providing that insight to us on such an important day in the geopolitical world. back over to you. >> thank you. interesting what he said about bitcoin because it has been thought that not only is it

being used in the darkweb to do a lot of nefariousactivities but it is also been thought that it's used by rogue countries as well to get around things like sanctions but also procure weapons and other things that otherwise they wouldn't be able to do. >> inability to police is why, you know, federal governments need to get a control of it. as a citizen, i want my government to be able to control currency. i'm very much in favor of crypto. i'm a believer in the block chain technology but this is an issue that i don't think has been reconciled. >> this has been an argument that this is why the government should step in and regulate cryptocurrencies andthis is wh there shouldn't be a currency that is not backed by the federal government. >> it's not the one adopted -- it has the network thing. it goes against the whole core reason for the bitcoin paper to begin with. the true believers are going to continue to do what they do and there's always going to be people that says it's used for

elicit reasons -- >> it's not about, you know, the big brother taking our freedom away. this is about bringing it into an area where it can be monitored or at least -- >> they're starting to be able to do that for tax reasons, for all the reasons we monitor regular currency. >> it's important to recognize if you have a tainted wallet or bitcoin that's been delivered to a tainted wallet, you can't sell that bitcoin. it's very difficult to transact. if it's coming -- >> what's a tainted wallet >> technology-wise it's like from drug money or whatever -- >> you got a tainted wallet. >> you always felt very corrupt. >> a corrupt source. >> on the darkweb you don't know what a tainted wallet is if you're taking the money in and sending them a gun. >> they have ways of identifying that now, so there are scenarios where you've got wallets that have a lot of bitcoin in them that have come from sources that have been known to be elicit sources and you cannot translate in that particular wallet or you

can't sell that bitcoin or liquid date that position. >> let's switch to the other side of the geopolitical discussion. the energy sector soaring more than 12% in the last month this as names like valero, conocophillip, exxon surged double digits. is there more room to run or are you buying what pete has been selling? tim? >> i'm not buying pete's stuff. somebody has. the things that to me have been the story in energy not just since the iran deal and not just because -- it's an industry that's actually running under a much more disciplined supply and demand but ultimately capacity and capex and oppex. do you want to invest in the best of -- there are stress stories out there that some of them is about balance sheet. i'm talking about names of

former glory. >> dan >> listen, i feel like a lot of this activity is late cycle. i think that -- you know, for the same reason why you're taking profits in some of these equities -- >> i'm holding on to plenty as well. >> right. to me it just seems like this last push as far as oil and the related security -- equities, you know, it seems like it's pretty geopolitical and if it were to slow down i'd like to think we'd like to see some of this activity monitor. >> let me ask you a quick question. the disconnect -- >> please. >> the disconnect that has existed is oil prices going up -- >> doing nothing. >> look at how much its up -- >> you did a power pitch on that. >> it was 76 1/2 and now its 80.

i still like that name. i think there is that disconnect that will close that gap on some of these names. there are other names out there with not as great of balance sheets that scream to the upside, they've close that had gap but there are others out there. still out, fox still volatile. we'll tell you what they said, plus semi stocks are soaring. amd all up sharply.

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welcome back to "fast money." shares of 20% fox volatile after hours. the earnings call wrapping up moments ago. julia boorstin has been listening on that call from los angeles. what did they say about the disney deal? >> lachlan and james murdock faced a range of questions about comcast reported interest in disney's outbidding the stocks. here's what lackman murdock said. >> we won't engage in speculation. we are committed to our agreement with disney and are working through the conditions to bring it to a closing. in addition, our directors,

though, of course, are aware of their duties on behalf of all shareds. >> when asked about comcast taking on fox's bid for the rest of the sky, james murdock indicated fox's lengthy product under way as a advantage. >> we expect to receive uk regulatory approval in a month or two. comcast has begun it's regulatory process and we think it's reasonable for comcast to undergo a robust regulatory review which could take months it would be appropriate given the important role of sky and sky news play in the media market. >> they also said that planning for new fox the parts ta aren't selling to disney is under way and they're making strategic investments such as the acquisition of seven tv stations. those announced just today as they look to bolster new fox's reach. >> did he elaborate on what would make -- what would close the gap, what would make up for

the $10 billion difference in the two offers how could disney's bid be superior in some other way to make up for the $10 billion the company would not be getting for shareholders >> that's a very good question. they said they would not speculate, of course. we have to remember that the comcast bid we've been reporting on is not officially been made yet. no speculation there. >> that's a good out for them. thank you. julia boorstin in los angeles. i turn it to you guys, same question. >> if you go buy the disney bid, if fox is around 43 bucks, the part that goes to disney is 29 bucks. the part that would stand free is 14. obviously these numbers weren't great numbers but no one really cares. it's hard for me to believe that this is the end of the line on the share, though. coming up. ford suspending production of its f series truck. lligcompany holding a conference ca rht now. the latest details still to come. much more "fast money" still ahead.

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nvidia hitting an all-time high today. dan, what's the options market implying >> only about 6.5% which is shy of the four quarter average about 7.5% in the ten quarter average little more than that. when you think about that if you're looking to play this thing for increased breakout or some protection and you buy an at the money put or call it's just half the implied move which is three-quarter percent. check out the full show

friday, 5:30 p.m. eastern time still ahead, ford suspending production of its f series trucks. the company holding a conference call as we speak. we'll bring you the very latest after this break. me up my game. i had a coach. math. ooh. so, why don't traders have coaches? who says they don't? coach mcadoo! you know, at td ameritrade, we offer free access to coaches and a full education curriculum- just to help you improve your skills. boom! mad skills. education to take your trading to the next level. only with td ameritrade.

hey, want thedone.est internet? and now, xfinity mobile is included. you can get up to five lines. you can save 400 bucks or more a year, which you can spend on a funk-tastic music video. ♪ dance party boom. ♪ simple. easy. awesome. come see how you can save $400 or more a year with xfinity mobile. plus, ask how to keep your current phone. visit your local xfinity store today. welcome back to "fast money." we've got breaking news on both tesla and ford. >> let's start first with tesla. there was a fatal crash of a

tesla model s which killed two 18-year-olds in ft. laurddale. the ntsb has announced that it is conducting an investigation into the electric vehicle post crash fire an emergency response. the reason that headline is important is because the ntsb makes it clear in announcing this investigation that it does not at this time anticipate autopilot being part of this investigation. that could change as the investigation goes on but at this point they are not looking into whether or not this vehicle was in autopilot mode. it's focused on the post-crash, the fire, how the emergency crews handled the fire, et cetera. that's the news on tesla. now let's shift gears and quickly talk about ford which at 11:00 tonight eastern time will shut down all production of the f-150, the company's most popular and profitable pickup truck. that's because they don't have components. components from a supplier are not being made because of an

explosion at a supplier's facility last week. as a result, ford completely shutting down f-150 production. for how long here is the head of manufacturing and global operations at ford, joe hin drix just a few minutes ago on a conference call. >> it's really hard to say. i know that people want more crystallized answers. i think it's safe to say that, you know, we're going to see an impact for several days but we can't say beyond that as -- we're working to get things back up and running. it'll take a few days to make that happen. we can't say anything beyond that because we're working the plan every hour. >> production will be shut down at least through the end of this week one last note, ford does say that near term, first/second quarter financial results likely impacted because of this shutdown in production but it reaffirmed its full year earnings guidance. back to you. >> quick question on the ntsb investigation, that car was a

2014 model s. is there some reason to believe there's something the ntsb is looking at in terms of the structure of the vehicle that may have contribute today this fire and if that is the case, has the structure of the model s changed from 2014 to 2018? >> i can't get into specifics. i wouldn't have the answer to that, but i can tell you this, the ntsb is looking at a number of electric vehicle incidents, not just with tesla but other models as well. they're trying to better understand this technology. >> thank you. busy night for phil lebeau in chicago. let's bring in event solutions mike jackson. welcome to the show. you actually worked at gm so it's a great night to have you of the in terms of the impact on ford they said impact on the first and second quarters. when he said it would take several days to work out, do you think that's reasonable? >> the fact that they closed down both dear boborn and kansa city tells you that it's a much bigger issue as it relates to sourcing the parts and f 150,

that's their bread and butter of the it's never happened at least in the last 20 years where they've had both plants shut down and the financial impact is they still have to pay those employees. you just don't shut down and send everyone home and mitigate your costs. it's a big issue. i'd watch it very closely the next couple of days. >> if you're at gm, how would you try and get those people who were going to buy the f 150 to buy a gm pickup? >> interestingly enough, they've got 80 day supply. thinking less than 45, 50, they start to run into a problem. they've got a little while to fix it, but ford sells a lot of king ranch up level models that their per transaction is not just the highest volume in the category but they've got the highest transaction prices as well. i'd give them three weeks but anything longer than that it's going to be a really big problem for the dealers. >> we're pressed for time tonight because of all this breaking news. in terms of tesla, how big of a

problem do you think this is -- this autopilot is not the issue this time but autopilot had been an issue and now it's a broader issue potentially with electric vehicles >> tesla i said it last week, they've got to grow up at some point in time. when the fact that you have 400,000 orders of your model 3, you've got the model s, it's been on the marketplace for a while. they've really disrupted that large lux category. seven series, they can't sell those cars. they can't sell the cars on the mercedes side. they have to work with the ntsb and wall street because their competitions coming. >> they have to be adults. >> how you going to spent 20 plus billion dollars on ebs over the next few years. >> quick trade on tesla or gm? >> gm to me is the one you buy. you know how i feel about tesla. i think gm's valuationnd a the reaffirmation of earnings is

fantastic. >> final trades up next.

time for the final trade. >> pete najarian. >> we talked about wynn a little bit. >> 32? >> i was surprised to see match. i would be a buyer on match. >> spot. getting a little support at 150. i'm starting to kick the tires here. >> we got a smile out of dan today.

>> e, m will get you done because this thing was oversold. buying it today. i'm melissa lee. thank you for watching. meantime "mad money" with jim cramer begins right now. my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to 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 tweet me @jimcramer. if you told me three months ago, three months ago that oil would