going to be a buyer so don't worry about any financial engineering on their front this whole idea that everyone is implicitly chasing not just them but the eyeball s that they dominate puts them in a pretty good spot. big tech is strong >> netflix still competing fore michael, thank you that does it for "closing bell." "fast money" begins right now. >> "fast money" starts right now live from the nasdaq market site overlooking new york city's times square tonight on "fast" media bidding frenzy is on comcast making a $65 billion bid for fox. ll it leave disney in the dust what does it mean for e rest of the space we have all the details. plus, can you trust crypto bitcoin's big run to 20,000 wasn't all that it seemed to have been. the man behind the explosive l be here to explain, but first we start off with a big story of the day the federal reserve hikingates for the second time this year.

let's get straight to steve liesman who is at the news conference with jerome powell earlier. steve? >> reporter: yes more to come the fed ranging by a quarter point. and it signaled further rate hikes ahead and what fed chairman jerome powell described as a robust u.s. economy >> i would te economy's in great shape if you looat household surveys, confidence is high. look at businesses, confidence is high. if you ask -- if you survey workers about the job market, they'll say that it's a really good envirment to find jobs. if you survey businesses they'll say that workers scarce so i think overall we have a really sod economy on our hands here. so what we're doing is we are trying to conduct monetary policy in y that will sustain that expansion, keep the labor market strong d keep inflation above -- right at -- sorry, not above, right at 2%.

>> most on the fed believe the economy is now strong enough to withstand an additional two rate hikes this year. the previous consensus was just for one. the fed is now seen going above its long run rate in 2019. the long run rate is 2.9 but it's going to go above that in 2019 there were other changes announced by powell as he moves increasingly to put his personal stamp on the fed that he took over in february, incling a press conference now following every meeting that begins in january. powell cautioned it did not meet any change in policy he said the fed is taking a wait and see approach when it comes to fiscal policy and how much it will boost the economy business leaders have indicated concern about trade policy powell showing himself to be a man or a chairman willing to answer all questions but, guys, in fewer words than its predecessors, one sign of that, the fed's policy statement now just a single page for the first time in a while. >> 300 plus words. the news conference itself, steve, was under an hour. >> yeah. >> record time on the part of j.

>> yes, but it doesn't feel like he's leaving questions unanswered. >> one of the questions that he did field, steve, was about the yield curve and the flattening in today's session we saw the yield curve flatten to .39, 39 points which was extremely, extremely narrow he made it seem to me like there is a certain amount that's out of the fed's control maybe that wasn't reflective of what the economy is actually doing. >> right so there's a bunch of theories on this. one theory is is has to do with both the fed raising rates and the bigger deficits that are out there. powell suggested that, but there's another idea that it's the market saying no mas the market is saying that you're going too far and the big question to start asking now is will powell, will this federal reserve raise rates to a point that it would essentially invert the yield curve? i've talked to several fed officials publicly as you know, melissa, who said they would stop before at that happens. that's something that's going to limit how fal go

if we went into a meeting at .25 and the fed was forced with raising rates, it may not do it. >> interesting steve, thank you so much. >> you're welcome. >> steve liesman in washington .39, the narrowest it's been since september '07. take of this whip saw day for the markets the dow swinging between gains and losses with a clear path ahead forecasted by fed chairman jerome powell, what do you do now? guy? >> tim said last night he thought this fed was going to be hawkish. he thought the tone was going to be hawkish tim was right. the m&a and opening up of m&a would sort of supersede that tone i was wrong. market sold what do you do n for context the s&p has had a 200 point rally unabated from that 2580, 2600 level to the current level. so today is not a big deal in a vac u vacuum, but, again, it's interesting that they were as

hawkish as they were i thought big tech traded well i thought the banks were trading well what concerned me the most today was the fact that banks rolled over goldman was having a big day jpmorgan, bank of america lower. maybe the euphoria of the last couple of weeks, at least for the short term, maybe we're in for a move to the down side. >> it seems like we're back. >> you said it was the tightest, flattest since september of 2007 you know what happened in november of 2007 p topped out we got the recession that comes after the inverted yield curve. >> although he says we have 18 months before it happens. >> who knows really what goes back to what j. powell said about the deficits, what steve mentioned is we never had this situation coming off of rates being so low, with deficits going high. with the sort of fuel that was just put on the fire here, it's totally going to be different this time, guys. that's just the fact when i look at the market today i looked at the banks. they rallied -- >> how's this going to be different? >> how this plays out is going

we have the fed chair telling us -- >> you know a curve inverts. good luck trying to fix that. >> first of all, i thought today's press stramt was extraordinary. i thought there were things in there. i did not expect the fed to say including this is a fed that is acknowledging fiscal policy. he talked about incredible demand janet yellen would have said let's wait and see unless they're seeing it very differently than how they're acting right now, he talked about demand through 2019 and '20 and then he talked about the supply side. he also said two things to me that tell you he's a lot more hawkish than this sounded like first of all, he tells you the economy is sounding great and he telgs you labor is scarce, workers are hard to find flatioich is fed'sipe for wage biggest issue. bottom line is if people think this fed is going to go softly, i don't think so this is a guy that thinks this economy deserves much less accommodation. one more thing, mel, sorry he's taking away the toys.

he was he's taking away the oioer, we don't need to get into that this is a policy statement i'm going to tell you we're not changing a thing, but i'm changing a lot. >> isn't it exaordinary then the markets really had very little reaction. >> little reaction. wkish than people thought atore the surface? >> no. i k the expectations were in line i don't think he -- he was painting a pic of extreme hawkishness. look, the market was hoping for this i really do believe it looking at investors, talking to investors. this in my opinion is very, very i think benign statement. i think he handled it very well. the market in general, i think it's off to the races. we continue to move higher. >> that's not my interpretation. >> let me tell you what was not benign i think the price action in the home builders was not benign. >> the home builders was not benign the inability to see what all of these retail stocks, what they've been doing over the last couple of months, that was like they're out of thed you see how they reacted

so listen, this is really important. >> i agree. >> this is what i'm saying maybe all of this tax cut stuff got into the market. >> no doubt. >> into the economy in q1, we over shot it. >> we're talking about a normalization. thmarket is not focused on 2019 from that perspective we're very much more short-term fos. volatility pick up? absolutely today's commentary in my opinion it is still risk on. >> short term, what do we do >> quickly i'm going to answer that question. >> sure. >> the thing that scared me that steve touched on and dan just talked about was the fact that we will stop raising if we are in danger of inverting the yield curve. that implies their belief that they can somehow control the back end of the curve which in my opinion they don't, right >> yeah. >> the market controls that so, yeah, they might be able to stop the front end from going up but can they stop the back end from going down that to me is something they should talk about? what did you do today?

i did think tech traded well that had a big day on a lousy end of the tape. there are individual names that are starting to shine. again, the under performance of the banks on a day when they should have performed was alarming to me. >> we're two weeks away from with the financials? >> i t the market is misinterpreting the earnings power that banksave. i thine we're not 2007 banks earning power but we're certainly not 2012 banks earning power. i remain long banks. in fact, i don't think you have tos around so much i think the invert curve as i pointed out is a time when banks have done well and bank stocks from 2006 to 2008 until they didn't so much did very well. i would be -- if anything from this fed, i think they're going to go two more times this year and i think you buy bank stocks. our next guest says there are three stocks to buy off the fed's rate hike. let's go off the chart with robert sluymer.

>> we had abig run in the s&p and certainly the small caps and nasdaq i think there's a couple of points the s&p has bounced off the 200 day very nicely. terrific technical action. it came off of this down trend that was in play right off the 2700 level now we're getting into some resistance right around the 2800 level. it's not surprising to see a bit of pull back when you look at the nasdaq or russell 2000,they're way up. way over bottom on a very short-term basis a pull back is not anything to be worried about in my opinion i think the technical action is generally very healthy what do you do what do you look at? i actually have to agree with tim and a lot of these banks ness that we've seen tied tohe europe have pulled back to 200 day moving they break the 200 day back in early june they touch it back here and right now they're back to support at the 200 day it looks very timely when you look at the relativ performance, it'faded a little bit. what you're seeing is a full half year of a consolidation

those are pretty timely entry points as the market rotates from one sector to the otherwe . for example, jpmorgan, through the 200 back in june, off the 200 here off the 200 here and, again, back at these levels so it's now in the support it's starting to bottom. i think despite the action you saw today, the bigger banks acted better than the regional banks, they're timely entry points despite the debate of what's happening with the fed. the last point, look at morgan stanley. a weaker name. under performed. very timely off the 0 today in e middle of 17 right here right now it's at support. this relative strength, while it's weak, that's an opportunity. you've seen a draw down on the stocks i think this is where yobuy the names. >> rob comes over i think, right? >> are you asking or are you stating? >> i'm basically stating because i basically -- >> you run the show. our show. >> brian will bring the chair. >> hey, man. >> you mentioned the big cap bank stocks. a lot of people are favoring the

regionals because they'll benefit on all of the things tb. how does kre look? >> the regionals have had a great move they've been leading they've certainly been t bigger play in terms of rates moving higher, but i think you can get a rotation back to some of the lag big path banks are more timely from a technical standpoint than the regionals. >> doesn't that just ask the question though, we have ccaa coupleweeks. why don't they act better? why is citi bank down. isn't the market discounting me is suppoto move in front of this stuff? to me i'm sorr reiterate yourstion. >> go ahead. >> just reiterate it >> apparently i didn't have the right answer so i want to hear robert's. >> it's just technical i think from the stand point of the market rotating from one group to the next to the next you've run the regionals up. the big cap banks are down and out. we've talked about the staples a few weeks ago over sold getting a bounce the market is very good at

regurgitating and moving through rotations. i think the banks are set up i'm not sure what the catalyst is from a timing standpoint, it's mr. ity timely. >> i'll give y a technical one. dan nathan took me off of this xlf had a huge run up in 2008. failed at h. xlf has had a huge run nicians ll talk about a potential double top in xlf. do you see one >> here's the difference u go back to 2008, farther back the banks peaked at 2004 well ahead of the broad markets even though the price was heing higher, that signaled there was a problem well ahead of what's happening in the financials you don't see that at all now. >> lastly, we're talking about retail stocks. they ran up. how do the charts look given today's action >> a lot of them had big moves the tape's oht small caps are over bought i don't think they're over bought some arers over all when you look at the

equally weighted consumer discretionary. it's grinding higher. >> rob sluymer, thank you. >> what did we do today? >> look at the 279 at the lows. i think you're at the top end of a range. if anything, it was throwing out there a few more index shorts. look, what i hear out there is that the economy is fine what i don't think we are understanding is that the fed is going to he and be mildly more aggressive than people expect. we're in a multiple compression environment for the overall market. >> added to financials the one key powith the fang is the underweight of the hedge funds. hedge funds aren't exposed they really haven't dipped in aggressively that exposure is going to be taken up aggressively. kre, the regional bet. >> why why? why? >> because the -- >> if you're focused on waiting for the hedge fund, you're getting into the bank fund i want be to say this.

to me you're saying you're throwing some index shorts out there. the russell, that was kind of that sugar high trade to me. i think you want to avoid that you don't want to chasit he's talking about amd 10 bucks, 11 bucks, i'm not so sure at 16 you want to be chasing it i know youaid that before. >> excellent point by dan. >> i love the belligerence. >> especially because it's wednesday. >> it's the belligerence of a thursday on a wednesday. >> wow >> anybody notice that tesla traded three fifty today >> notice that deflection away from his -- >> dan, it's wednesday night i knew it was wednesday. >> coming up, the media deal mania is on and comcast is the first to strike announcing a bid for fox. who will win media ws and can anyone beat netflix? plus, it's a study rocking the crypto universe. academic study saying bitcoin is being manipulated. later, guy here stepping up to the plate with one under the radar tech stock he says is about to break out

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that's $35 a share in cash and 19% premium over disney's all stock bid. the disney bid was worth about $52 billion. it could, of course, ignite a bidding war for the assets which include fox's film and tv studios, regional sportsnet works and cable networks like fx and gnat geo as you mentioned, the court decision enabling at&t to acquire time warner without much in the way of divestitures or behavioral remedies paved the way for comcast's move today comcast wrote in t release that it was, quote, highly confident that it coultain all necessary regulatory approvals and that it was as necessary or even more likely to receive those approvals than thatf disney comcast agreed to pay the same reversbreakup fee, $2.5 billion and offered to reimburse fox for the $1.5 billion breakup fee it would owe to disney now time is ticking here

fox scheduled to vote for the disney merger july 10th. comcast said it filed proxy materials with the sec in opposition of the disney and it's subjecto approval by fox shareholders and regulators. comcast says it expects a close to come 12 months after signing if that signing does occur so far fox and disney have not responded to requests seeking comments. >> leslie picker in the newsroom thank you. as the companies race to win, what does winning mean craig moffitt threw out the question if the companies are able to actually seal the deal with big bucks, et cetera, are they just staving off the inevitable when it comes to decline? >> 100%. there's no question about it there's no competition for netflix and i think any of thes. they have flawed fundamentals across the board whether it's comcast or fox, whether it's disney buying fox assets there are flawed fundamentals across the board

you have business that's in secular decline. >> hold on netflix has no competition >> who's their competition right now? >> everybody. >> you think about -- >> amazon, hulu, disney. >> stop. >> let's talk about -- >> stop me now and there is no competition for netflix -- t do you mean fundamentals nobody's watching tv >> no, from the standpoint of being able to go after the over the top subscription based model. when you think about netflix and the scale they have, they only have 15% penetration international internationally. 60% of broad based subscribersis you look at it this way and say if they go out -- content's king, go out and acquire content, they can spread that content around every single one of their active monthly users. no other party or no other company can do that so from a cost perspective -- >> i want to flip this question around if comcast wins the bid for fox,

does it win? >> maybe it does win you know who does win, it's not me saying it, it's the market saying it. you saw what disney did today. disney had a significant move to the up side. me reading my little tea leaves, they'rea leaves saying market doesn't want disney to win. they don't want disney to over pay for this they don't think disney needs it which in my opinion is why disney is higher the winner could be disney if they don't get it. >> the other one is electronic arts if disney were to lose out to comcast, you could see them going for that sort of content if you think about what they're doing with espn, "star wars" fits in well that's an expensive acquisition. that's trading eight times sales. >> now with the legalization of sports gambling, there's a whole other layer of buying some video

game presence. >> no question we've talked about esports we've had a lot of focus on this the bottom line is they should be getting into this area. if they're not, media companies are gaming companies the y is very important. activision and a 20% multiple isn't something to be scared of. >> as the media wars heat up netflix is blowing away the competition. david here says it's going to be the winner they've been dominating legacy players up nearl100% in 2018 fox is up 26% while disney, viacom, at&t are all in the red. who can catch netflix? we bring in alex sherman who spoke to the cfo of netflix. alex, what did he tell you >> melissa, similar to david's point. i think he said, not everyone here is going to be a winner just by getting bigger

we're seeing all kinds of mergers. two of the things he told me, first not everybody't big. the strategic question is what type of business do i want to be in the next five or ten years? some brands are big enough to compete to be another netflix or another youtube and vy for the global consumer media dollar, but not everybody is going to be in that bucket so it's interesting, as all of these giant media companies come together, netflix, this is from netflix cfo david wells is sort of taking a look at this from a step back and ng, i don't know that i fully agree with what all you guys are doing. he even commented on sort of the direct to consumer o.t.t. services that really is disney's big step forward here he said, look, i'm not sure the consumer wants 100 o.t.t. services they want one that does the job really good so you can sit down and find what you want in five seconds. they don't want to hop around and go to discoveries, disneys,

theoretically comcasts and netflix and amazon so he's really, you know, in a way stepping back and saying i get that you guys are all competing with me, netflix, but i'not surehe you're competing with me is the r way to compete >> it's interesting. asked the and they said they're noing to the game maker. it's a similar sort of comparison we do, alex, while you're here want to go through netflix's potential competitors and who has the best chances to challenge netflix. we wanted to sta off with at&t, the winner, of course, out of yesterday's court ruling. >>h, i think at&t overall is a winner in the netflix competition because they own hbo now. if you're going to think about what are some o.t.t. competitors that can compete, you look at the numbers. netflix is 125 million global subscribers. hbo is the one game in town domestically that competes with

that you attach hbo and they're going into the process of attaching directv customers and playing around with -- >> are you talking about -- but is this hbo's ntenthis - we're talking about content, this is the point. they're buying content if you're excited about hbo because it gives time warner/at&t a brand that has content, whyren't you excited for comcast? >> because it's a distribution play and content play. it goes over the top and in the cable bundle in the netflix worldnetflix competition you have to imagine that they're better off competing against netflix than they were if this deal didn't go through. >> disney. disney. >> disney's in a tough situation. disney is the prime example of the innovator's dilemma. disney has a great business, dual revenue stream from both advertising revenue and subscription revenue and they're sort of saying, we feel like the market has dictated that we've

lost the cable bundle is dying so we're going to try to start this o.t.t. service to compete. is that what they should be doing or should they be making a different pitch to investors i don't know on that one so disney's hazy. hav idea how successful this.t.t. se they're pulling their content feel like they certainly have the brands, pixar, all the movies that will generate people to switch over to them. >> right. >> but they're in a tough situation because they have to cap any balancize themselves a better business in order to get into a worst business. >> amazon, this is the most comparable to netflix, the prime business. >> so i spoke to many different people at netflix when i wrote this story at cnbc.com about the competition with amazon. the question is where is the focus? theoretically amazon is netflix biggest competitor they certainly do the same thinr they can offer video for a low

price. they can throw billions and billions of dollars at it and haeffect when the shares keep rising video's never really been the main focus for amazon where it's the only focus for netflix if we see amazon starting to focus on streaming video more, then they're proy netflix biggest competitor. spending. eing not just revenue >> dollars spent content dollars spent. >> alex, thank you alex, who by the way, just made his "fast money" debut. >> mn voyage. >> like a baritone baritone, don't you think? >> yeah. >> booming voice. >> absolutely. >> discounting me. >> by the way, you can check out his ll story about netflix dominating the media wars on cnbc.com. >> i read it all the time. what we didn't mention, we didn't mention four letters doubled since last june. what's that stock? i don't know twitter. stock has doubled. i think it still goes higher from here. to david's point quickly, i think netflix has competition, absolutely the same way the golden state

warriors have competition. they have a lot more competition but they're just that much better than everyone else. >> what a comparison coming up, guy over there says this under the radar tech stock is soaring he's saying it's going to go even higher. he's going to step up to the plate to give us his fast pitch. i'm melissa lee. here's what else is coming up on "fast. >> shall we play a game? >> you bet, because thousands of kids are getting paid to play video games and we've got a top gamer who will teach you how to do just that plus, the price of bitcoin is being manipulated >> do you think so >> or so says an explosive academic report. and the author of that report wille re t bheo explain how when "fast money" returns [ sigh ] not gonna happen.

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market na nip -- manipulation in bitcoin. >> is the price of bitcoin being manipulated? a papeby finance graduate students at the university of texas says manipulation may have caused it to raise they looked at activity at bitfinex noting that the flow in and out of that exchange showed patterns that indicated that prices were being pushed up at times when they were sagging at other exchanges. they say this was accomplished using tether, which is a digital currency pay for the u.s. dollar the paper concludes that purchases of bitcoin using tether were timed following market downturns and resulted in sizeable increases in bitcoin prices they say that less than 1% of the hours where there was heavy tether transactions tied to --

accounted fohalf of bitcoin's meteoric rise. now they concluded that they found, quote, and i'm quoting them, subsl support for the view that price manipulation may be behind substantial distorttive effects in cryptocurrencies what should be done about this the authors suggest that market surveillance within a proper regulatory framework may be needed for crypto markets to be legitimate, stores of value and a reliable medium for fair financial transaction. tether was created and sold by the owners of bit finex. when asked for comment the ceo told cnbc quote bit finex nor tether has engaged in any sort of price nor market manipulation tether cannot be used to prop up the price of any coin or other

coin/token on bitfinex he wrote a paper in 2016 alleging financial contracts tied to the vix were also potentially being manipulated. back to you, melissa. >> thank you very much, bob pisani let's bring in the co-author of that study amin shams great to have you with us. >> excited to be here. thank you. >> we've got the report here if you were called in front of regulators, what would you say to them? >> i would say that -- so any investors,he first thing they need is to trust the first thing a market needs to grow naturally is integrity so we find evidences that the rise in bitcoin during the boom of 2017 may not be all driven by demand based stories.

>> when you take a look at the charts of all of the coins fortp and following crash, they are all highly correlated. did you find any other sort of possible manipulation when it comes to other coins using tether so of course cryptocurrency prices are already correlated. it's very hard to distinguish between different cryptocurrencies, but we look at the s sectio some major lae cryptocurrencies and we show that the price of all of those cryptocurrencies was affected >> there areo many reports, amin, about the so-called bitcoin whales out there i'm wondering if that's an area where you thiney either could have played a role in this tether related manipulation of bitcoin prices or if, perhaps, they were in cahoots with the guys that were manipulating tether and therefore bitcoin >> it could be, but we didn't specifically focus on that so this is a market that's

supposed to extract -- supposed to be decentralized but we see that prices could be hugely y thesg players in the market the kind of questions, the philosophy of the markets. >> all right amin, we're going to leave it there. thank you so much for your time. >> thank you. >> fascinating study university of te it's a big study certainly the bottom line here is the fear of increased regulation when it comes to cryptocurrencies i think that was sort of the shudder felt by all of the investors today. >> listen, we say it again and again. there are a lot of investors in it for the long haul they like to see the framework. >> are people waiting for regulation >> yeah. >> some of this, the talk of manipulation by whales when you look at november up into the highs, that was a mania. whether it was being manipulated or not, goosed up a little bit, that was a worldwide mania that took bitcoin to 20,000 and all of these other coins with t. so the fact that we're over

shooting can't be much of a surprise there's a lot about actors being taken out along the way. >> looking back, remember during this rush, right, you had prices on different exchanges, very er in ices you look at coin bas general. there are so many accounts being opened on coin base they couldn't get enough coin bitfinex, you'd buy it, sell it on coin base maybe skews the data a little bit. i think in general the arb is closed here. that's all it was. prices are being very different on different exchanges i think the traders took advantage of that. >> i think when you hear -- when we had on all of those people bullish of bitcoin in november, december, they wying 100,000, 90,000, whatever that forecast is, that makes you think twice abt every single forecast that was put out there. >> the forecasts are based upon a view that we believe that blockchain is here forever and, therefore, the vehicles to play it are going higher. i'm not sure these are the

horses to ride i believe blockchain forever. still ahead, the super bowl of gaming is happening right now in l.a one of the top gamers is going to tell us how she became a gaming baller and how yocan, too. plus, guy adami just made his way over to the plaza where he's gearing up to buy one under ae radar tech stock that's been on tear. he will tell us the name next. much more "fast money" straight ahead.

welcome back to "fast money. one of our traders pitches a stock they think will break out. guy is up to the plate guy. >> hi, everybody thanks for having me, mel. this is a lot of fun i'm going to fast pitch nuance communications fascinating company. stock that's going nowhere now effectively for the last decade. you ask why pitch it now very good question leader in the human machine talk people talk intos. automotive they dominate by 2020 there are going to be almost 200 million smart cars where people can talk to their automobiles. who dominates in that field? nuance partnership with mercedes benz who do you want to be with in this space nobody better than mercedes. they have a new ceo. mark benjamin just came in

this stock has flounde a lot of self-inflicted wounds but mark benjamin just came on recent acquisition tells me maybe all the banews is in the rear-view mirror valuation is reasonable. market cap is such that they could be picked up by any number of suitors that was the bull case for nuance five arago. i think that might be the bull case for nuance now. >> any other, you know, things that you see other than automotive >> no, that -- listen, they dominate in that space if you believe in that stock, you have to believe that they are going to dominate in automotive that is their bread and butter, yeah, they have a couple of tag-along businesses for sure, but for me it's automotive not unlike nvidia. from 100 to 240 largely is predicated on their dominance in automotive i think the same could happen here. >> time to vote. tim, what do you say >> i love my friend guy. >> however -- >> but iot convinced

i just don't -- i don't see the catalysts here i think the valuation is far from compromising but, sorry, bud. >> 32. >> i am unfortunately in the same camp, guy i love you to death but i am selling this one again, it's all about the catalyst i'm not real s happy about the fact that they just dominate in one particulaea and have been stagnant in the past decade. >> guy >> you really dialed this one in to be very honest with you i just can't think of a reason why i'd want to buy this stock. >> tony braxtoned you. stock no buy. >> when was the last time we had this. >> stock is up 5% in the after hours. >> twitter's going to love this one. >> the question though, the big question is do you at home to twr and tell us if you're buying or selling guy's pitch on nuan. plus, the super bowl of gaming is happening right now one of the most popular gamers online and in real life is ca aing us to tell us how she beme gaming baller much more "fast money" right after this

let's begin.

yes or no?

do you wt the same tools and seamless experience 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. hi, josh. >> melissa, more than 60,000 people are at ee3 this year this is where gamers get to check out the latest and greatest titles. it's owned by the entertainment

software association that's the trade association representing the video game industry the list of participating companies, who's who in the world of gaming. publishers like activision, bethesda, chip makers like nvidia and google. microsoft is there, too, made some news unveiling a string of exclusive games for the xbox console and the acquisition of five content studios gaming we know is big business $116 billion industry so it's no wonder everybody wants in here one red hot trend in this market, streaming services like amazon's twitch. analysts at baird say these services are a relatively small part of the overall industry but it's clear that they say companies take it seriously as a future distribution channel. ibc's lewis war says the video streaming and display ad revenue hit $4.5 billion last year he thinks that's going to jump

to 5.4 billion twitch he says by far and away is number one followed by youtube. >> josh, thank you joining us from the afore mentioned conference is ammunition, not her realame. one of the most popular twitch streaming gamers wee to the show.>> thank you so me it's great to be here. >> at one time you had a conventional job how did you actually make that switch to professional gamer i think a lot of people would love to do the same thing. >> yeah. i've been playing video games my whole life but i was a graphic designer before i started streaming. it was a hoby that i picke in my free tim something i enjoyed doing and i've been doing that for four years and i've been full time for three years. i've been able to leave my full-time job and play video games full time. >> there are hundreds of gamers out there? ho you stand out i'm sure popularity will

determine how many people watch you, follow you, potential sponsorships that you have >> yeah. one thing people ask me that a lot and i try to remind them that not every band is the beatles or not every performer is beyonce so you can have your own little niche of followers and viewers and audience who actually care about you specifically and i'm not striving to be like the number one streamer on all of the platforms but i just like being able to entertain my audience with things i'm really passionate about. >> you've been in this a while now, four years. you had mentioned in this time we've seen a go more mainstream. now there are full channels devoted to it and even some of the big entertainment companies are considering having channels themselves i'm wondg, ann, if you're seeing that reflected in who you meet at these conventions and who watches you, who follows you, et cetera. >> yeah. as you mentioned, you know, there's having the fortnite tournament right now there's a ton of celebrities, nba players involved with it ninja who is currently the

number one streamer on twitch did a stream with drake which catapulted streaming into the mainstream view. r wi benmonso is like in the nba that kind of thing has been really picking up over the past few months and it's kind of shocking to see. >> when u think about gamers entering space, ann, do you think that ty are competition s this a space that's increasing so much that there's room for everyone? >> i think it's fair to consider everyone really competition, you know it is. like everything that we do, especially a freelancer, contractor, you are in ion with other people. i don't see it something that's cut throat like i'm not going to refuse to work with someone because they're a streamer or something like that. it is considered a competition. >> ann, great speaking with you. thanks so much good luck with everything. annmunition. >> with twitch, one of the largest gamers, is amazon winning the gaming war

remember the amazon/twitch connection. >> they win every war they're i think there are better ways to play it. tim has been mentioning electronic arts. amazon is obnt play i don't think you get that much beta in that name. i think you will in electronic arts i absolutely think you will and a name we started mentioning in the mid '90e trend 118 goes higher from here. >> if you're going for megacap, go ten cen this is the world's biggest gaming company not only because they are essentially investing in incubator, they are investing in half of these companies. these guys are probably, you know, 18% of the gaming revenues in a world of the last numbers i saw. you have legal legends the team gameshat are global phenomenon that i think -- >> the information had a report out about ten cent $8 billion acquision a few years ago. they're starting to see decelerating revenues. they're seeing the life cycle and the games is not a home run all the time

>> things are getting frothy. >> the competition, we hear about all of these titles coming out. there's a massive amount of competition. look at it one of the best ways nvidia really getting exposure to the gaming sector. just buy that one particular name. >> coming up on "mad money", jim cramer is talking to the ceo of restoration hardware cramer cam, that stock has been an unstoppable one up 2%.00 that's all at the top of the hour and there's still much more fast right after this. ♪

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>> the price of options has moved up this is an interesting trade trader just playing for a move u0 bucks. >> all rig for mo "options action" you can check the full show th's friday 5:30 p.m. eastern time up next, we have the results of the poll guy -- >> but there's still time for folks to go to twitter we'll have the final trade stay tuned oh, and there's the closing bell. (sighs) i hate missing out missing out after hours. not anymore, td ameritrade lets you trade select securities 24 hours a day, five days a week. that's amazing. it's a pretty big deal. so i can trade all night long? ♪ ♪ all night long... is that lionel richie? let's reopen the market. mr. richie, would you ring the 24/5 bell? sure can, jim. ♪ trade 24/5, with td ameritrade. ♪

it's a riddle. what do guy adami and -- >> tony braxton. >> they did not like your pitch. the twitterverse did not like it either you were creamed 67%. >> you take such glee in that. listen to you. you were creamed they hate you. >> come on >> frankly >> the stock is up 2% after hours. >> so what. >> final trade. >> you should have picked jpmorgan, guy. the banks are going higher everything we hear from the federal reserve, great economy great environment. >> talk about a retailer cri carter's it's a sell here input costs are going higher not reflected in the stock. >> dan >>wm a good sell back to 160. >> how are you holding up?

>> i'm fine. i'm rock solid. >> carter makes clothes? >> that's right. >> final trade please, sir. >> nuance and i'm going to laugh at all of you when somebody buys them a week from now. >> my mission is sile, 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 hepeople 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. pause. yup, today, the fed hit the paus