enterprise, both aren't huge movers look at red robin gourmet. that one down 15%. >> casual dining is tough when trends go against you. restaurant cost improve not good. >> not set the tone for the market thanks for joining us. "fast money" begins right now. "fast money" starts right now. live from the nasdaq market site overlooking new york city's times square i'm melissa lee. our traders on the desk, tonight on fast stock selling into the close today after president trump reunited trade war fears we'll bring youwords that spooked the market and get the latest from d.c. facebook mark zuckerberg getting grilled again this time by european lawmakers as cambridge analytica apology tour continues. one of our traders says he may have said enough to get the stock back to all-time highs we will explain. first we start off with what could be a major turning point for financials the house is set to vote on

rolling back banking regulation that is have been in place since the financial crisis kayla with all the details. >> reporter: what you're watching on the house floor on the other side of me is a vote series that is ongoing at the end of which will take up a major legislative priority for the trump administration and gop leadership that is relaxes obama era bank regulation that stems from the financial crisis the house of representatives and house financial services committee particularly passed its version, the financial choice act last june senate banking committee incorporated some of that bill but left other parts on the cutting room floor in order to reach a bipartisan deal a few months ago the senate bill is what will be voted on today in the house and will become law once the president signed it despite some 11th hour haggling by congressman jed hensarling who chairs the committee doesn't alter dodd/frank but

some bench marks to change the type of banks that would fall under stricter regulation. it lifts the size of banks qualify as too big to fail, eases mortgage rules for small banks. certainly those are ten either that the banking industry has been fighting for for the last decade or so it will be interesting to see exactly what that vote count is a hard fought vote in the republican party and one that today is likely to pass very easily, melissa. >> we'll continue to watch that vote count that he have you much. rising rates, increased volatility, is it time for the banks to break out this is the one thing bank polls have been pointing to, lighter touch on regulation. here we have it. banks break free from interest rates? >> i think we all think the answer to that question is yes banks haven't traded particularly well since middle of march a lot topped out around march

14th, give or take one more arrow if the quiver they speak to this all the time. for me it comes down to again what's the right valuation not necessarily price to earnings but what's the right price to book. i still think in the environment we find ourselves in, interbetween 1.6 and 1.8, price is fair. citi trades at face value. i think that's cheap, value apps thinks it's chief, invested $1 million. even if you put a reasonable multiple on citi closed at $71 you're talking about a $93 stock. i think there's runway left. >> talking about price to book and earnings basis i think actually the argument is a better one phone banks i don't think today's news, it's kind of like flashback, wektd be watching a tarp vote in 2008 or 2009 ultimately i don't think this is going to do anything for valuation of the banks

we've also had major error in tail wind banks deregulation a lot of that priced in. i do think banks have underperformed and valuations are very interesting higher interest rates, first of all, regional banks are the biggest beneficiary and it worked for them until it doesn't. money banks -- >> we saw the deal yesterday in the region always, fifth third apparently for the streets that it's on. >> anyway, all right. >> buying md financial there is a thesis small or mid-sized banks that will really see this wave of consolidation. >> that's priced in. small or mid-sized banks, regionals, community banks, it's really priced into the equation. writs not priced in, where investors are really missing it, it's the trust bank. trust banks fall under a specific rule that gives them a better setup a setup from leverage perspective. basically any cash that's held at a central bank, this is only for trust banks, they are excluded from the leverage calculation, which is enormous

for them so the trust banks haven't really priced those in, northern trusts of the world, for example, haven't priced in that scenario i think right now that's where i would be putting capital work. >> what's not priced in. if regulation priced in, better interest rate environment, i don't know if that's priced in, what are we leaning for with trade and banks this year. >> a growing economy, growing loan -- think about what people didn't like in the last earnings, even though earnings for profit good, loan growth was a little bit soft. to me loan growth is a really important driver of profitability not just referring up the balance sheet, loan growth, those are higher margin products i agree with tim, i don't think we're going to see anything meaningful to the banks from whatever comes today i guess maybe there's a little downside if they aren't able to pass anything. rising interest rates, growing economy, ability to buy back stock, increase dividends and valuation is really not crazy here of course small and mid-sized banks should be more expensive

there is no chance for big money center banks to be in any m and a activity they can't they are too big for small and mid-sized -- to me i'd rather be in jpmorgan, absolute cream of the crop, 12, 13 times earnings doesn't seem expensive to me. citi is more upside, it's cheaper, cheaper on the book, the tapping i believe book a little bit lower i think there's upside in citi as well and also bank of america. >> i kind of like to take the middle ground, i think that's bank of america. to me again when dan torillo resigned -- >> middle ground in terms of valuation. >> valuation and middle ground between risk of regulatory overhang, profitability -- in other words free money center banks, jpmorganan cream of the copp bank of america in the middle, citi bank at the end in terms of quality perception, regulatory overhang where these guys were more hamstrung in their inability to

give capital back. citi is most levered to improve conditions bank of america has more flexibility. they were seen as a bad ouya big overhang i think this is actually something that changed. >> in terms of large versus small and medium or mid-sized banks, where should we go. steve iseman, you know steve iseman. >> detroit red wings. >> that wasn't the one i met, bet against prime in a winning way. where he sees value is regional banks precisely because of the consolidation wave that's going to happen because of this lighter regulatory touch. >> kre, if you look at that to his point outperformed trading right around an all-time high where slf failed at '07 levels by wait, mr. iseman, that's steve iseman talked about deutsche bank recently. >> problem child of the banking world. >> problem child if you look deutsche bank did rally a little bit a stock trading below $13, which

in my opinion if it was u.s. -- if deutsche bank were citi bank, we would be talking about it every single day the fact we don't is because it's a german bank. >> one to watch. thursday they are having a meeting. i don't know what to expect from the new ceo. >> they are most sensitive, higher interest rates work until they don't they are the most at risk if the fed moves too far. credit sensitivities are out there. the question is when do they hit. you stay in that trade have you to be watching credit analytics. >> next guest says keeping betting on the banks, chris verron as research partners find out why. hi, chris. >> hi. bank stocks remain alive and well we brought kbw bank index. what we see long consolidation five or six months then

catalyst, then long pause, then catalyst we've now paused for the better part of the last four or five months but at the same time the internals are improving. three-quarter of the bank index at a 20-day high we think that's bullish development for these stocks when you look at the regionals in particular very quietly carving out ten-month relative price highs versus s&p on absolute basis regionals leading the move we think that's constructive framework. when you look at these names, the most important of them all, jpmorgan here, the bull market still very much intact, trend line is there, you get this above 115, looking for 135 target then you start to look at some of the smaller ones, bbt, another name that's basically been sideways all year, right back at the highs, above 55, 56, you're looking at $63 stock. i think this bull market is very much still alive in these names. >> so would you rather, chris --

>> i love this game. >> chris. >> why not, he's a member of the "fast money" family. >> why wouldn't he. >> regionals or xlf. >> regionals right here. i want to own bank stocks. you look at xlf, the largest weight is berkshire. there's a lot of insurance weight in the xlf. we want kre, krx, that's where the leadership has been. >> chris, thanks >> karen mentioned citi, tangible -- that's what i do look up things tangible, $60.02 that said even if you put relatively in my opinion .3 multiple still 9% upside or 10% upside from current levels we've seen just to button that up. coming up dow looking 200 points into the close as trade war fears creep back into the market we'll bring you the words that had investors spooked.

get the latest from d.c. plus mark zuckerberg in the hot seat again facebook ceo facing harsh questions from european lawmakers today about the company's privacy scandal. we'll bring you all the details, tell you why one of the traders is now uber bullish. ubs big tech whoops, strategist set to sell tech at the lows now says it's a major buy. what's that about? he'll be here to tell us where he went wrong and what he got veght. li at the market site in new york city's times square much more after this hey, want the fastest internet?

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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. stocks selling off into the close after the president's words reignited trade war fears. let's get back to kayla in d.c a two-fer for us. >> happy to when there's big news markets rallied because overnight china's finance ministry said it would lower auto tariffs you also had a report in the "wall street journal" about a potential deal coming together for zte where u.s. would relax concessions. that made it seem like both sides were edging toward a deal to make this economic cease-fire somewhat permanent between u.s.

and decline. today in the office while sitting next to south korea's president president trump said not so fast. >> president xi and i have a grade relationship as president moon can attest. there is no deal we will see what happens we are discussing deals. we're discussing various deals we can do 301. we can do where we don't need china where we see this is what we want, this is what we think is fair. that's always a possibility if a negotiated deal doesn't work out. >> that had an effect but it was a welcomed note to congress which had been seemingly critical for the administration to be ceding ground on national security and law enforcement in order for a short-term trade win. earlier today trade secretary on capitol hill at a hearing on tax reform and he was asked repeatedly about zte and the administration's thinking on

that front he said it is not quid pro quo and the president takes national security very seriously. that said congress is taking several steps of its own to try to safeguard penalties that have been put in place on zte and extremely worried about what the president would potentially do there. we'll see what tomorrow brings we do know commerce secretary is going to china next week he's not only going to be negotiating new export deals, at least that was the plan for crops and commodities from the u.s. to china but the congress department is also tasked with this review of zte and whether it decides to make any changes melissa. >> kayla thank you kayla tausche playing double duty one of the things on my screen i'm sure you're watching this all the time, boeing intraday chart slid lower into the close there. what do you make of it >> again, i think it's headline risk that boeing is now associated with. we can talk about algorithmic

trading but a lot has to do with that i look at boeing and 21 times next year's earnings, i don't think it's all that expensive. i think selloffs in boeing are a mistake and should be bought. >> i totally agree guy has been straight on the story, nailed it free cash flow, ability to generate free cash flow significant any pullback is a buying opportunity the slide you saw tapering al gos headlines stepping out his point again -- >> i say good for congress, the issue in china protect point guard property and access. this auto bone they threw back at us, it doesn't even help u.s. automakers we have deals, a gift to the european automakers, the ones that rallied. >> a gift to tesla, by the way, that still doesn't have a factory there. >> true. i hear the back and forth on this one, i worry about we're focused

on manufacturing jobs from china. that is not the issue here so i think we're going to see volatile headlines bottom line for market to get so comfortable china on the back burner for trade wars, no, it will absolutely be something to talk about for the next year. >> how do you see it as a risk >> i believe it is a risk. to own a boeing, you have to have an idea of where you think trade is going to come out because it's in there. it gets overpriced the risk of it is overpriced maybe it is, maybe it isn't, i don't know it being the poster child that makes me afraid it's not expensive if everything is fine. >> is it expensive if there's a trade war? >> the biggest products they buy are -- yes, absolutely. >> i think boeing china risk is overstated, order book is unbelievably diverse profitable planes they sell

around the world are more important. china they make no money on, 737s, i don't think it's as big a deal. >> scaling mechanism cost mechanisms built into their models, when they are in production scales up and off the extra cost if you will. >> still ahead home builders crushed on track for the worst year since the financial crisis. there could be more pain ahead we'll tell you why i'm melissa lee. you're watching "fast money" on cnbc, first in business worldwide. in the meantime here is what else was coming up on "fast." >> that was a mistake and i'm sorry for it. >> facebook ceo mark zuckerberg aced another round of questions as his apology tour continues. we'll tell you why that's got one of our traders bullish on the stock. we'll explain. plus -- meet your broker of the future and one company is shaking up the asset management industry with its robo advisers

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at hollidayinn.com . welcome back to "fast money. cambridge analytica scandal far from over for facebook as ceo mark zuckerberg met with leaders from the european parliament our aditi roy joins us with that. >> the second appearance to talk about cambridge analytica scandal. immediately after he took the hot seat before eu lawmakers, he apologized. >> it's also become clear over the last couple years we haven't done enough to use tools for prevent the harm, fake news,

foreign interference in elections and developers using "people" information we didn't take a broad enough view of our responsibility and that was a mistake and i'm sorry for it. >> zuckerberg addressed privacy, european users he said facebook has taken down more than 200 apps and investigated thousands of apps as part of the company's internal review. he also said election transparency is one of the company's top priorities and addressed russian interference in the 2016 u.s. presidential election >> we weren't prepared enough for the kind of coordinated misinformation operations that we are now aware of. since then we've made significant investments to protect the integrity of elections by making these kinds of attacks much harder to do on facebook and i have more confidence that we're going to get this right going forward because we've already done a better job in several important elections

since 2016 >> he added that facebook has been using ai to remove fake accounts and the company will be rlg out other measures reducing fake accounts later this summer. back to you, melissa. >> thank you very much aditi we said before one of the traders was an uber bull on facebook and i'm guessing that it's sieberg. >> guessing? come on. at $150 we talk about -- >> you hated it now you love it. >> pull the tapes. loved it at $150 i'm not chasing at these levels, running out and buying the stock aggressively i'm buying any pullback however i do think this will clean up fine for them. it's a show me story for next quarter. look, this company is growing earnings at 40% this year and i think 25% next year. that might be low. it is a really compelling story. growth backdrop is strong. i do believe minimal effect on advertisers swaying away from the platform. >> maybe for now i have to tell you, i want to be clear. i think the european regulators

are so far ahead of the rest of the world, especially those here gdpr is a model we'll be following here if you don't pay attention to this you'll have trouble if you don't look at evaluations of the company through the lens of how are they protecting your data, how important is software and core business, i think we're in a new realm for that. >> right now we're back at sort of precambridge analytica levels right about here i feel like from here on how is a business environment going to be has it changed, will it change and will it be different the answer is -- >> unclear what is the quantitative effect of that, i don't know. i don't know if it's known the one difference between now and cambridge analytica where we are, the price is the same the earnings were extraordinary. you know, that's an important data point we don't know until next week. >> 23rd. >> it starts in a week

>> we don't even know what it's going to be here. >> i just think again i look at a company that underperformed triple qs peer group in biggest bull market we've had since dot-com era and you think it's going to go. you think that's after cambridge analytica? >> i don't think there's another platform you can even compare facebook to instagram. in particular ad buyers tripping over themselves to ties on that platform look, they have done the right things, said the right things, absolutely addressed it correctly. in the near-term -- however, long-term for it to really work and get to a higher level we're going to have to see next quarter earnings and know there wasn't an impact on ad dollars. >> when it was meandering in the 150s i was not with david. it's true. >> he wanted fist bump. >> where are you now 183. >> my biggest concern, can they say without equivocation there's not another potential cambridge analytica. >> they were caught with their pants down once.

>> makes me believe never just one cockroach. >> technology, next set to sell back in march. take a listen. >> pie stuff that has momentum and growth we've seen tech significantly outperform through this environment. now six weeks after that vol peak you see stocks fade stand tack in cross-hairs of regulatory scrutiny and trade wars is a logical place to reduce exposure tactically. >> since that call xlt etf that attracts technology is up %, since march 28, two weeks after tech etf bottomed. ubs strategist back with us mea culpa to explain brand-new call on the sector. thanks for coming back. >> thanks for having me. >> what do you think you missed? >> march 20th, 21st is a logical point you see momentum pull back we got that. relative basis tech bounced around the bottom. what did we get in terms of

earnings, blowout earnings we saw that rotation settling down we've been strategically overweight throughout on the back of if he can spetech spendp productivity spending on software services and cap ex within the tech sector surging 70 plus percent year over year circled back into the sector lastly leadership usually doesn't change we saw that with energy cycle previous before that we see tech leading us higher from here. >> we do see on down days in the market drawdown in technology in that sector seems to be more severe than in other sectors because it has been a top performer. does that concern you longer-term? do you think the trend and leadership position remains intact despite this? >> we have fundamentals regulatory uncertainty, overhangs. we've seen tech sector relegate

on the basis, we're watching how they are trading i think it's trading better. today we've seen tech sector trade-off a little bit and the curve steepening worries about longer end rates, that is having an impact. >> although fundamentals you just talked about, they are all still relatively in place. you guys just missed the fact the back, if you will, of the chinese ip, you know, sort of trump going after them aggressively and trying for figure this out, was that part of the equation. >> 301. >> 301, correct. >> trade was part of the concern. we had facebook testimony around that time as well. so we saw some catalyst potentially see that momentum trade reverse. we saw that through the month of march. what did we get in terms of a circuit breaker, funneled menls, trump being some of those concerns. >> plett me ask you, you said something about interest rates for tech companies which many of them have extraordinary balance sheets, what is it about interest rates to me they seem somewhat

isolated from the effects of interest rates why do you see that as a risk. >> we don't see it as a risk in terms of when you see days like today, we've seen tech sector trade-off when interest rate curve has steepened from our perspective we put out a piece this morning interest rates are less of an impact on large cap. in particular tech has so much cash and debt that turned out for quite some time. much less of an impact given strong growth. >> tech is a monolith. what parts of technology do you like. >> we like software and services those areas where we do see the need for corporates to get more efficient in terms of productivity improving labor efficiency, we also like select tech hardware as that investment gets recycled through the supply chain. >> all right keith, good to see you thanks for coming back. >> thanks for having me. >> i love the fact he made a bold call back in march.

>> it was. >> they had the courage ubs to come back and say we might have missed this. right now i think that's great terms like sales force -- a microcosm for how hard this could be, a stock that went from 60 to 48 seemingly without any reason, analysts downgraded it on the bottom. now everyone tripping themselves at $60 again it's very difficult. i respect that if you're looking for a stock in the space sales force makes the most sense. >> staying in the theme of kind of data and security and protection, cisco combines the best of both worlds. it's a software as much as a hardware securities and software businesses are booming and they are best positioned to be the leader in that space because of where they sit in the middle of everybody's access owner and off their network. >> still upon intel. >> still intel i do like cisco but alphabet.

>> 50% margin, 40%, this is a stock people should be looking at for the long time i'm not saying it's going to rip tomorrow but you can get second half of the year turn on the story that can take it higher. >> micron soaring 6% after announcing massive share buyback. the ceo just sat down with cr cramer moments ago he said something interesting about the future of technology. home owners demolished on track for the worst arinye sce financial crisis there is a turnaround in sight we'll explain when "fast money" returns. across web and tablet? do you want $4.95 commissions for stocks, $0.50 options contracts? $1.50 futures contracts? what about a dedicated service team of trading specialists? did you say yes? good, then it's time for power e*trade. the platform, price and service that gives you the edge you need. looks like we have a couple seconds left. let's do some card twirling twirling cards e*trade. the original place to invest online.

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welcome back to "fast money" home builders getting slammed. the group now on pace for the worst year since the financial crisis you still invest in this group what do you say? >> you absolutely do i think dr. horton has been a name i really love i still own the stock. it's a name i continue to buy. component costs have gone up we saw it when they gave out their report it's a sentiment shift right now. rates going higher, pushing people to the sidelines a little bit. i think there will be a catchup trade and second half of the year story. >> rates do higher and some people say it pushes people to

do the deal because they are worried about rates going even higher gets them off the sidelines. no, that's not happening. >> the sector is very strong the issue in the housing sector is affordability that's where you look at the different demographics and which home builders are better positioned there i actual lie like the home in the middle running for much more aggressive growth than five years ago but i like home builders, too. >> in terms of -- >> high end versus more affordable entry level houses. >> i know people argue home builders on valuation, they had a great run. home depot off the move the downside 85 to me continues to be the best way to play house. >> that was my next question. >> i anticipated -- >> it's like you're in my noggin sometimes it's frightening. >> i sort of did i wanted to allow her that. >> would you extrapolate the

trouble in home builders to other parts of the economy and other stocks >> i will extrapolate. if you're going to play the negative game with home depot you're making a mistake. great balance sheet, spring cycle for all those planting will catch up next quarter home depot is here. >> lowe's is interesting obviously home depot is best in class and has been. >> lowe's was a fast pitch recently. >> up a little i've got to say i wasn't so thrilled with the ceo choice. >> marvin allison from jcpenney. >> i felt like, i don't know, momentum, you sort of want someone coming off a victory. >> i could not agree with you more. >> he might be extremely talented, exactly what they need. >> he was the one that brought appliances to jcpenney didn't he bring appliance toss jcpenney. >> jeans which i'm wearing right now, wranglers. >> yeah, baby.

>> anyway, you mentioned lowe's. home improvement stock, one of them, lowe's earnings before the bell market applying moves on this report so let's get to our own dan nathan who is in las vegas dan. >> pretty boy. >> it all stays here, people here is the deal this lowe's tomorrow morning, this is going to be really interesting. i know you guys are talking about home depot the stock had a muted reaction since its earnings a couple weeks ago but lowe's is implying 4 1/2%, move average four quarters 3 1/2%. total options volume today two times that of average. interestingly the four most active strikes were all short dated puts you have the stock that gaps up on this big announcement of a new ceo and then it reverses and closes on the lows and all options traders are doing is buying short dated puts in front of that earnings i have two charts to show that look at that two-day move if we have that up there

that is really, really bad price action then you go look at the one-year chart and you see the early year ramp and you see the gap lower on earnings last quarter $95. i cannot imagine any time soon the stock is over that to me you have a stock down from all-time highs really important print new ceo, obviously this is not on him what they do. i can't imagine their guidance is going to be particularly aggressive. the guy come in and set the stage for his regime. >> i'm sure you're having a great time out there but the bottom line out here this is the company, aren't the expectations very low in other words i think people are discouraged this the company after the tax cuts said they are going to reinvest, chasing home depot, who is expecting a lot here. >> you know what's interesting, implied move to 5%, how much the stock moved today, you look at the stock, the chart, and you have support down $80, $81,

resistance near a today's highs at 90. this could be range bound as investors get a sense for what the new ceo is doing going forward. i agree with you i don't think anyone is going to look at the guidances they give right now or results for last quarter and say this is the direction of this company going forward under new management. >> just quickly before we leave the conversation, karen, are you sticking with lowe's here? >> yes, i am because i think it is relatively undervalued. i think some of their problems are really of their own making they can fix it. >> thanks, dan enjoy las vegas. for more "options action" check out full show friday 5:30 p.m. eastern time coming up cnbc with top companies that will disrupt business as we know it sallie krawcheck one of the highest ranking women in finance will be here to tell us how she's changing the face of investing and wall street. you won't want to miss that. much more "fast money" still ahead. well, it's earnings season once again. >>yeah.

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welcome back to "fast money. cnbc unveiling its sixth annual disrupter 50 list today. these are the companies that are changing the way traditional toes are doing usiness this year's list making history

by featuring more companies led by women than ever before. julia boorstin in san francisco with the details hi, julia. >> melissa, i'm here at 23andme, which is one of the nine companies on the disrupter 50 list this year with female ceo up from three female ceos last year this list of ceos this year includes lanza, drawbridge and others ride sharing giant grab. 26% of our list that has female founders is far from closing gender gap, it is far better than the industry average. women founded companies comprise 4.h 4% of deals they generally write smaller checks for female founders, an average of $5 million compared to average of $12 million for men. in this era of times up three

companies on the list, uber, thinx and sofi all replacing ceo. along with female hygiene thinx, subscription ward rowing ellevest looking to reinvent financial services for women specifically those entrepreneurs are looking to serve the needs of half of the population which they say is underserved. can you find the entire disruptor 50 list and much more about ceos and entrepreneurs on cnbc.com/disruptor. >> thank you, julia. as you heard female focus investing company ellevest on the list when advising on the rise sallie krawcheck known as one of wall street's most influential women. now as co-founder and ceo of ellevest she's looking to help women break down walls they face in the investing world

she joins us from los angeles. hey, sallie, great to see you again. >> hey, melissa. goob to be here. >> julia was mentioning difficulties women founders face as they fundraise for companies. on the whole better or worse to be female founded focused company. these companies perceived as serving half the population. you do say men can invest in this population but it is called ellevest so men know might not think that one is for them. >> well, we're pretty happy serving half the population that's been underserved in the investing arena. it's interesting, the analogies if you think about venture capital, she said women got 4% of venture capital dollars and 95, 96% of venture capital partners are men maybe there's a relation there look to wall street, closer to home 90% of traders men, 80% financial advisers are men mutual if you said managers, hedge fund managers are men and

women underinvest versus men, which is the opportunity at ellevest it's not particularly surprising that industries that are dominated by men tend to do a better job formen and opportunity for businesses serving women. >> how has robo advising, ellevest done in volatile times. we've entered a period of greater volatility are you getting to want to trade, allowing them to trade through volatility or do you curtail their activities >> so we are all about gold-based investing we're not about trading, setting asset allocation to get individuals to their goals adjusting along the way but not trading. we've really seen very little uptick in volume during volatility we've heard of some of the other digital advisers actually crashing we think the reason we've seen very little uptick are two things we've always heard women trend to trade less and panic less in tough markets. now we can see it. secondly we built a product that

tells women if they are off course in investing for their goals. if the market is down, they know they will get an e-mail that says, hey, went down more than we thought, you're off track here is what to do, deposit another $100, retire six weeks later. whatever they were the combination of what research showed us and how we built the product has shown us we had very little volatility and in fact in recent weeks had record weeks for us. >> it's karen, nice to have you with us. congratulations. >> hi, karen. >> by the way, i should disclose i'm an investor in ellevest, sallie's company let me ask you, during those volatile times, do you feel the women sort of -- if you can generalize that much, do you feel the women look at it as an opportunity or do they also have the tendency to feel panicked in a volatile market and i feel safer getting out rather than in. >> i think we're all human but what we've seen is all of

those articles that you might see on cnbc.com about mistakes investors make, uber trading, falling in love with winners, panicking in downturns, paying too much in fees because of overtrading, mistakes gentlemen investors make the mistakes women make -- the real mistake is they tend to underinvest, which is what we're trying to help them with when we are speaking to our clients, we talked to them about, this is a long-term initiative you're trying to buy that house in six years and retire in 30 years. i think they do see it as a long-term initiative and they just -- we don't allow them to trade not what our platform is we see stability in this. >> we just saw the house passed legislation that basically sort of dismantles make of the financial crisis era regulation. how do you feel about where banks stand right now having been at the head of a bank -- practically the head of a bank,

highest ranking woman on wall street at one point in time on wall street. >> yeah. look, there certainly were some regulations that were overreached. there always are when we come out of a crisis. for all of us regulation that is keep these banks well capitalized baepgs remain pretty leveraged. we really aren't going to know what that really means until we see markets that are worse than the ones we've seen over the past couple of months. i think for us as citizens of the country, more capital at the banks is better because they remain highly leveraged. they are really the heartbeat of the economy. >> all right sallie, thanks so much for joining us we appreciate it. >> thanks for having me. >> sallie, ceo of ellevest on disruptor 50 congratulations, sallie. >> is this an area bigger banks need to get into >> i do. i think it's a tremendous opportunity. i know exactly what she's talking about, women not

investing enough i think that's true. that market is gigantic. i'm also very impressed by sall sallie the experience, bank of america, wall street, you can't have bigger experience than that. i think she's onto something there's a gigantic market, gigantic. >> still ahead micron one of the best performing s&p stocks this year can it continue for tick higher. its ceo sat down with jim cramer in an exclusive interview. we'll have those commentnes xt live at the market in times square much more "fast money" right after this

welcome back to "fast money" we have a burger buzz kill red robin falling 16% after earnings it's not the only burger giant singing the blues. some other big names getting burned shake shack, wendy's, mcdonald's getting crushed. is it time to take a bite out of these names. i'll go to guy since he worked at the shake shack. >> i worked at the shake shack. >> red robin, the quarter wasn't great, guidance for second quarter wasn't miserable it's not a crazy expensive stock but this guidance makes it expensive. huge short interest, shorts are winning and continue to push

this lower to compare red robin as we just did, i think, with shake shake i think is a miss take. >> who goes to a red robin -- >> nobody. >> you don't know where red robin is you have a coastal bias, tim. >> if i'm getting a burger why am i walking into pa place called red robin i don't think they got bad ly burned, think of the run they have been on the index, the highest since 2015, labor costs that are very, very ugly for these guys but valuations for the guys that are growing, i will say we are in a new era for what these things can trade at if they are growing. >> did you know there are potato costs also on the rise. >> i didn't know potato, but i do know avocado pressure from last year. >> we learned that from jack in the box. i don't know if others are facing the potato problem but higher costs in particular and gas prices if you're paying $3 at the pump, are you going to pull up panned

get a wendy's, whatever they serve, frosty. >> dairy queen -- >> is that a thing. >> tax cuts are going to benefit them a at point where i would probably take advantage of mcdonald and buy it. >> blizzards at dq. >> shamrock shake one of the greatest ever made by mcdonald's. >> the green thing and the mcrib. >> vanilla shake with green dye. let's nokit d ourselves. >> up next final trades. [fbi agent] you're a brave man, mr. stevens. your testimony will save lives. mr. stevens? this is your new name. this is your new house.

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time for the final trade let's do around the horn tim seymour. >> new ceo, old ceo, lowe's is a very interesting story get in there, buy this weekend. >> chairwoman. >> speaking of banks as we did, i still love citi right here. >> 32. >> 32 buyer called kss fullback today is opportunity for buy stocks cheap. >> steve got mentioned on "fast money" for the first time in 11 1/2 years. i mention him was tampa bay lightning. >> just talking about that.

>> do you have a final. >> i do have final trade got me thinking about -- >> thinking, that's what was happening. maybe for the theme to come up couldn't remember what it was. 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 prop mise to help you find it i'm cramer welcome to "mad money. i'm trying to make you money my job is not just to ept ntertn you but make you money broken stock or broken company on a day like today, after an explosive rally yesterday, with the dow dipping 179 points a