tv Fast Money CNBC August 6, 2018 5:00pm-6:00pm EDT
5:00 pm
stage yet. the conversation may have existed but no banks really kind of starting up with this yet >> it shows that facebook is guil guilty until proourven. >> something to keep watching. >> michelle, thank you very much see you tomorrow, "fast money" begins now >> we are live right now from the nasdaq market site times square i am brian sullivan, your traders on the desk are tim s seymour and tonight on "fast money," the crypto currency is going back to $7,000 what can save bitcoin? it does not need saving. facebook already has your data and now they want your bank
5:01 pm
accounts it sounds scary to investors i will bring you the latest details. are you tired of winning yet >> the trade war that is president trump may be take an early victory lap. united states continues to be the best performing major stock market in the world inching ever so close back to all time highs. elon trade and japan and china is down nearly 30% from the top. is this what winning looks like? what point does the global sell-off starts to put pressure on stocks. >> 5:00 a.m., worldwide exchange >> 10 the hard way >> and carter braxton is worth on the desk. >>. >> beautiful >> are we tired of winning >> i thought when facebook reported 20% in 10 minutes, i
5:02 pm
thought that had ramifications for the broader market clearly incorrect. here we are at the s&p at 2850 i think we made on january 26, vix is up at 12. the rally is going to ratchet higher everybody else's losses is our gains. >> tim, we talk about the shanghai index, that's the big domestic one the kind of the nasdaq, that's down 23% this year it is taking around the chin will it hurt our market or is it good because capital will flow here >> we have been concerned of currency and capital flow. we watch this market under performed for years. if you want to trade this by the way or want to look at how you
5:03 pm
can trade this in the etf land, shares, is down 36% from six months highs to where we see today of emerging markets. since april 1st, it is down 23% against the s&p. these are extraordinary moves. what worries about me winning so much is ultimately that tail wind is something this administration, the feeling that we can go out there and be aggressive as we need to on the trade war and we are not too worried about it the markets are kicking buts they are pretty happy and they should be. >> we know the country's index without the u.s., it is down 4.3% today the s&p is up. can we really -- tsit is not so much of china. >> is it sustainable can the u.s. sort of holdup. but, at some point there is no
5:04 pm
presence for it. >> china is deciding whether the world is slowing down or investors are not confident and they're going to bring their money here if it is the former we'll ultimately slow down at some point. >> we are. things like housing are very weak is it so good, why is the cost of money stuck at 3% >> the fact that they are restricted capital off flows that's a goal of theirs in the near term. i worry less about that. make sure they call and manipulate and make the data look the way it needs to look to make sure they mitigate the out flows. look at the s&p and earning investments for s&p 500 have increased gradually, they are looking forward of $179 and 178 bucks from next year you are putting 15 times multiples from that. >> why are we only up 6%
5:05 pm
>> the median stock is up only two. >> what kind are we using? >> year to date. >> we had a heck of a run in the last two years >> how come we are not progressing. >> i think the trade concerns our market i think we can base around 2800. i think the sales have been 2850 and that's where we are right now until something gets really you know shifts from a trade narrative. i think the market just ranges from there >> i also think if you want to look at the performance of the u.s. or germany or japan and emerging markets it has not been an implication of what's going on in our economy. i know it is not necessarily emerging markets of the eight year span. they have under performed the s&p by 63% that's a three standard of
5:06 pm
deviation event. if you have been trading that and expecting it to turn, you have fbeen destroyed everybody is getting downgraded slightly you are downgraded by a tenth of a percent last week. u.s. plus or minus, the markets can continue this. >> the president will say he's got some equity to play with in terms of the stock market. it can go down because it is going up so much under his watch. whether it is true or not it does not matter. i will say this, august 2015, we woke up one day to a chinese devaluation of their currency by february of 2016, the s&p traded 1810 since then the chinese have been playing nicely in the sand box they have been keeping it stronger until recently. it has been getting weaker everyday and i don't want to go too bad of this rabbit hole. >> even seven is the number the.
5:07 pm
>> we get that seven that seven has been in the past. it devalues chinese goods that comes in the united states in some way and not directly, it won't mitigate the tariffs but it makes chinese goods artificially cheaper >> mitigates there is not much that we can do about that >> and frankly china has been resetting their baskets and they believe it is a better wait. they can do whatever they want what's the biggest thing right now that would confront our equity market is the federal reserve. that was a big part of where i think markets start to hit the skit if you think the fed is going to be benign then i think you have an opportunity to see markets continue to go make no mistakes the s&p multiples should be contracting if the feds is in a high cycle i do believe we price in a lot
5:08 pm
of this. >> so we have been here before we had the plunge low of february 9th, we got seven base points of the lows and now this is reciprocal, we are in the highs. we have been ricochet, is it getting pushed back in >> let's frame it today. the dow rises 39 points. on a normal summer day, who cares, it is up 39, it is insignificant. china came out with a personal attack against president trump, the iranian sanctions went back into place somebody tried the kill the leader of venezuela with a drone. a lot of geopolitical stuff is happening. they're small but their gains. >> i don't want to make light of ne of those things, we have seen politics have not matter >> right >> i just think it is going to come back to where people fear we are in the federal reserve
5:09 pm
cycles and where we are in the economic cycle >> i think it is super important factor there that's the part the mark is right now. that's what's holding back the market >> okay. so let's say president xi of china and president trump come out with a joint conferences, we solve our differences and everything is fine what happens >> the market rips higher the complexity of what the feds are going to do. all that is important and a little bit of distraction noise against the background now the most important thing is the trade settlement, fearing out some sort of even kill there people are fearful of what trump's rhetoric of how it could impact >> why would president xi something before the midterm
5:10 pm
election >> he can play the long game and so the real question is -- >> i think frankly capital off flows could be the big reason why. the fear of that is a very important thing for them they're not going to devalue their currency, they can't do that they want to make sure you can continue to buy in chinese of the denominated currency and people will use it as they go through a stable currency. the fact that they devalue, they lose all credibility i think it is super important. >> i think that's the hope when you play 100 of your game instead of a one month game. to answer the original question, can you keep on buying stocks here i think value over growth and value comes in the form of healthcare, maybe we'll talk about it later if you look quietly, ever since president trump went fisa --
5:11 pm
>> there are pockets of excitements in the market world >> guys great discussion there on great macro >> coming up, 2.0 stocks are soaring. the char master, carter, these momentum stocks are becoming too far and too fast he'll explain and make the case and why it may be time for you to make a big change and bitcoin is getting crushed again tom lee will join us later on, facebook could becoming for your bank account and guess this, pressing the buy button on the stocks, a lot more to do? we are live on times square. look at how fast things move in new york we'll be back after this ♪
5:12 pm
introducing e*trade personalized investments professionally managed portfolios customized to help meet your financial goals. you'll know what you're invested in and how it's performing. so you can spend more time floating about on your inflatable swan. [ding] [music playing] (ceo) the employee of the year, anna.
5:13 pm
5:14 pm
thanks, janet. it's welcomemy happy place. store. you can learn how to switch to xfinity mobile, a new wireless network that saves you cash. and you can get 5 lines of talk and text included with your internet. and over here i'm having my birthday party. dj fluffernutter, hit it! ♪ dj fluffernutter simple. easy. awesome. ask how to get $300 back when you sign up for xfinity mobile, and purchase a new samsung phone. visit your local xfinity store today. we got some breaking news in the sports work on nascar. let's get to eric with more. >> that's right brian. the ceo of nascar was arrested yesterday. he'll be stepping aside from the organization, he'll no longer be ceo and chairman
5:15 pm
that role will be taken by his uncle, jim france. the france family started nascar more than 60 years ago it is a privately held company but there is talks to buy out the entire family's stakes of multiple billions of dollars possible here. this is a big deal of big acquisition that may be happening this year. >> it may happen as well there is a subsidiary company of international speedway i want to be clear, that's ran by his sister. everything that's happening here is in the private world. >> exactly, brian. >> breaking news there on nascar >> isca, you never know how investors are going to react because they get confused. facebook making friends with the financials facebook wants to capitalize on your banking habit we are not kidding our julia boorstin is live in los angeles with this
5:16 pm
development. >> well, brian, facebook is in talks with banks of partnerships to give consumers access to their account information and customer service it is messenger app. they talked to jp morgan chase and wells fargo of giving information to their banks facebook is saying, we are asking financial services company for final transaction data this is not true like many online companies with commerce businesses, we partner with banks and credit card companies to offer services of chats and management the question is whether facebook will be able to over come concerns of privacy and data security bank of america is not considering any sort of social media partnership and j.p. morgan is not sharing any of
5:17 pm
their customers transactions data and is not enabling person through person payments through messenger. >> citi is telling us, providing their customer's choice is paramount of everything they do. it makes sense for facebook to face on this kind of information to help make money off of m messengers of 1.3 billion base >> thank you, julia. >> all these headlines on facebook cambridge analytica and nobody seems to care. >> right i am surprised the stock was up on the news today and we are having a bus tour. >> are you surprised >> nobody seems to care about facebook >> it is down 24%. >> it is down more you are telling me facebook was the same story it was. >> because i am talking about
5:18 pm
privacy. that was an earnings related >> here is the issue >> until we get back there next week and next month. that high, that wednesday of july 25th, and it dropped like that 24% you go twill not recover like tt >> what they told us on the call is effectively their core products, guess what, your data. they can't tell you what it costs to secure it that is something that their cost production is significantly different than you thought forget the credibility and the threat of centralized platform which i think people are going to get sick and tired of they can't tell you what the multiples are and the costs of good soldiers. this is the biggest advertising venues in the world. their reach is unprecedented and the value of that alone is well known by investors and investors understand that logic and fill
5:19 pm
lo philosophy >> they would never allow to drop >>. >> i will tell you why it drops because mark zuckerberg threw a bomb on the base, talking about margins being in the mid-30s would scare the heck out of investors. >> my only point tim that you got in the spring you have the gdpr and cambridge that's not until 2,025 so do investors actually believe that what he's talking about is a near term threat to the story or is he sandbagging it. sandbagging and trying to keep the government >> let me ask you a question do you consider facebook a community of sharing, what do you consider it? >> theoretically it should be. >> no. >> it is a place where you put
5:20 pm
your life out there for them toe >> to backup tim's point real quick. head could want was up at faceb. head count was 47% year over year that's a staggering number so to tim's point, they're hiring people to figure this out, that costs money inevitably for its margins and that's why i think -- i can't imagine in the near summer that we are going to visit the 2018 >> it is so low. >> what i am saying is the long-term story, i do believe in my opinion that this is a little bit of a sandbag they're man naaging the long-te story here it is the long-term trend line that's still intact.
5:21 pm
>> it is parabolic. >> you don't think so. >> do you this i this management team of premium valuations based on how they handle it. >> if zuckerberg steps down, will facebook's stocks go up or down >> i would say cheryl sandberg, walking away that would be an initiative >> you are leaning into my shot. >> check out this mystery chart. this stock is down 10% the last three months but the move had one trader rolling the dice. yes, that's a hint in the meantime, here is what else is coming up. >> excuses, excuses, that's all i am hearing >> the latest bitcoin, and tom lee says better days are ahead
5:23 pm
♪ ♪ our new, hot, fresh breakfast will get you the readiest. (buzzer sound) holiday inn express. be the readiest. - anncr: as you grow older, -your brain naturally begins to change which may cause trouble with recall. - learning from him is great... when i can keep up! - anncr: thankfully, prevagen helps your brain and improves memory. - dad's got all the answers. - anncr: prevagen is now the number-one-selling brain health supplement in drug stores nationwide. - she outsmarts me every single time. - checkmate! you wanna play again? - anncr: prevagen. healthier brain. better life. the kayak explore tool shows you the places you can fly on your budget. so you can be confident you're getting the most bang for your buck.
5:24 pm
5:25 pm
>> these minimum stocks. twilio and etsy are up big is this still a sign at least of those two? >> what their numbers show you is that they see significantly se acceleration in their growth a lot of these tech companies have been easily pushed around they come with a lot of fanfare and growth needs to support that this stock at 72 and 73 bucks right now is right at all time highs and at a significant resistance levels. i like the growth, the multiple is stuff to get behind you can get this kind of moves and these are not big names. the bigger issues is we lost momentum in some of the real power houses and frankly adobe or microsoft and visa or thing that is are a hundred billion plus they are not showing the lights that they show as of certain
5:26 pm
values type. do you think money is coming from microsoft to twilio? >> no. >> i think the little guys would get pulled up in the wake of a b beta of two. should the big boys be killing these guys >> such different assets it does not matter i am saying this kind of after hours move is typical. that's all it is >> it is a good sign >> well, it is not a bad sign from momentum stocks their guidance was not anything to stick at. you loo k at the stocks, the trade is 63 forward. so if nothing else you know in the environment that we find ourselves in, if momentum stocks will tell you anything maybe this is a bit of a white flag in the short term >> carter says that may not be
5:27 pm
the case for much longer we'll break it all down for you on plasma. >> another acronym >> there is a lot of way to play momentum m.t.u.m. let's talk about what you call value. the first letter of these five sectors, these are defensive assets this area of the market, just take a look at some of these numbers to put these in context. these five sectors, you got 32 stocks and 63 utilities and percentage of the s&p and i am going to move forward whachltant we got is a third of the market. if you consider this an asset and we know that tax in discretion is a third and material emergency is about a third. let's look at this in the
5:28 pm
context of pearl performance the top chart of 160 stocks and what we know is that yes, it has been up. here is the real important thing. we are starting for the first time to out perform the mark this group over the past two weeks are up 3% verses momentum down take a look if i put in the following line what we have for the first time and i am going to zoom in here so you can see this. we have broken above the relative down trend line what we know is we have filled this line over and over and now for the first time essentially we are moving above that down line that's a very important development. let's go on. here is the issue. again, this is five sectors. you can call it whatever you want it is just the first letter of each sector. this is the momentum atf verses those five sectors
5:29 pm
this is too widespread and what we know is this and this of the conversion is on the way, i think is likely to continue. heads you win and tail you win the market is going to play catch-up if the market is going to unwhine, you will get defensive characteristics from things like yu till til utilities and healthcare >> carter, thank you very much >> guys, are you buying into churt? >> carter i's point, you are starting to see three standard deviations is probably extreme you get to a place where they look like they're starting to make a move. most of these stocks outside of real estate are representative of an economy where you see rates slow down and whine down and people be reaching zout grabbing these companies which they did at other times in the market, that's interesting
5:30 pm
>> okay, that's what we are getting from the market. >> can i take a letter out of the acronym. can i buy an h, please >> you want to subtract or sell it >> can i take the "h" out? >> i don't want anything, i want to take out the "h. i think healthcare is the most under valued out there i would extract the "h" and let carter do it >> what tim said, the rates, we are at 3% or 4%. rates are not moving higher. >> all right there you go >> guy loves the "h. just when you thought another bitcoin happening over the weekend. there is something about the
5:31 pm
crypto craze that everybody is missing. we are not talking about this card board cut out of pete the real pete will join us from vacation with a very special "fast pitch" right after the eabrk. he could be pitching for the mets soon. >> we can use him. you always pay your insurance on time. tap one little bumper and up go your rates. what good is your insurance if you get punished for using it? news flash: nobody's perfect. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident.
5:32 pm
5:33 pm
5:34 pm
up on the plate and pitched home depot. >> they have fought back this is not engineering. this is truly being friendly to the customers and shareholders 35% of their outstanding stocks have been bought back in the last ten years that's massive and they have been aggressive. it gives you a little bit of idea is the stock high? >> yes, it isis do they have growth? yes, they do. >> pete is coming to us live in minneapolis. good call. >> hopefully some of our listeners and viewers paid attention and made a little cash for themselves what do they do with home depot now? >> oh, you still want to hold onto home depot. thises t is the time of the year where they continue to crush it. one of the biggest competitors out there, everybody seems to
5:35 pm
think that amazon. i am not worried about amazon, i think they're doing everything right right now at home depot in terms of -- they are progressing forward and they are absolutely competing in every single aspect do they go up against lowe's, i think they are different company. i still think they are upside. >> i love the name >> everybody wants to compare them they are separate. when you walk in a lowe's or walk into home depot and look at the professional side of business, absolutely no comparison they sell to a different ex customer base. so i mean i understand they're both in the same business but i got to tell you they are actually different businesses when you look at them closely in terms of who are they targeting and how are they doing with their target home depot has been absolutely dominant
5:36 pm
>> home depot is a big home run for you so now we ask you to give us another fast pitch, what's your best shot? >> all right, so tonight i am going to give you las vegas sands. when you look at management and sheldon alderson is there any company where you guys can say 50% of the float is own by one person this is sheldon alderson really showing you the commitment he has never sold a share in the open mark. i like that aspect of it when i look at the fundamental story right now. yes, you got an incredible dividend yield and you got company buying back shares and they bought back $100 million last quarter they have an incredible balance sheet. they have absolutely one of the very best, they are the best in
5:37 pm
the industry you want to look at growth the earning growth right now is 26%. lou k you look at revenue growth that's impressive. cash flow, that's more than double of the last two and a half it seems to me this is a company well under valued right now. i think there are plenty of upside one last thing one of the insider -- somebody else will be bidding on the idea that this stock is sold off too far. the same day i saw the insider buy. >> anybody got a question for pete here? >> hey pete, it is tim >> how are you doing, man? >> very good sir >> i am concerned of makcau and things may get worse >> how about the fact they got the singapore operation that's 24% of their revenue and it has been incredibly strong now, i think macao right now is
5:38 pm
flatten out and slowed down a little bit i think it is consolidating tim. we'll see an acceleration again. back and forth with the united states and all different things that are going on right now. i think this is the consolidation part of macao, we'll see growth again all right, it was $130 stock no more questions, it is time to vote are you buying pete's fast pitch on las vegas sam and tim? >> i am going to hold' em. i think it is going to happen. it is a set up >> carter. >> no for me, not buying >> this is a tough crowd >> tim, i got your back, i am a buyer. the entire thing. >> you like it when one person
5:39 pm
is on. >> i am fine with that >> comfortable >> i am going to go over to pete because i miss him >> pete, i am coming to you. >> i am going to tell you something, that was right there, you see right there, everything he did there, that right there -- what are you pointing to >> his amish beard >> the face man. >>. >> well, he moved. >> the face that launched a thousand ships >> that aside -- i don't know what to say. >> just smile and be thankful you are in minneapolis we'll see you soon what about you at home are you buying pete's pitch for lvs? you can vote on our machine. the bit coin horror show continuing falling back below 7,000
5:40 pm
tom lee says don't be worried. bitcoin story will have a happy ending he's here to explain why when fast money returns i have- ever since i started renting from national. because national lets me lose the wait at the counter... ...and choose any car in the aisle. and i don't wait when i return, thanks to drop & go. at national, i can lose the wait...and keep it off. looking good, patrick. i know. (vo) go national. go like a pro.
5:43 pm
bob pisani is breaking this down >> hello brian, it did not last very long. it fizzled and it happened before bitcoin is trading back below 7,000. the important thing here is one of the reasons sec gave for denying is fraud and man affiliation. the scc argued they got a big booze today that claims dozens of trading groups are manipulating the price of crypto currencies 175 pump-and-dump schemes involving 121 different digital coins. that's a classic pump and dump this is of course is illegal >> crypto currency exchanges are
5:44 pm
unregulated market so you can get away with a lot of this kind of activity. now there has not been a lot of good news for bitcoin and friday's news that the continental exchange will be setting up a regulated bitcoin exchange goldman sachs don't believe in the rally either goldman sachs said the price of bitcoin will likely to decline saying they believe crypto currency do not fulfill any of the traditional roles of currencies we know goldman is interested in setting up bitcoin trading operations so there is many different parts of that company and their opinions on bitcoin. bottom line here brian, we got a global commodities, and a series of coins trade an unregulated markets and many have apparently easy to manipulate that's a long, long road to respect the building and that's
5:45 pm
the problem we got right now brian, back to you >> 175 different pump-and-dump schemes. why. >> as you know the crypto universe is really bond jovi as you heard there are hopes for bitcoin etfs institutional money also thought coming in boost bitcoin and many institutional players still hesitant to get in this is thanks to the lack of regulatory clarity around crypto there is been nothing so far on that front our next guest, bitcoin inve investor, one of their prayers will be answered, to m lm lee is here give the crypto investors
5:46 pm
something to feel good about right now. >> well, one of the ways to see how the crypto market is reacting to news is to look at dominance. crypto currency shares on the market and i want to focus on bitcoin. for many years it was the only game in town, at the start of 2017 it was 80% of crypto market in 2017, that number actually fell it fell to 37% last year we had ico and a lot of new projects and people got excited. a lot of folks thought this is how the year would play out and the dominance would fall bitcoin's dominance have been creeping up. in the last couple of weeks it sored to the highest level all year to 48%. it tells us the news that we have seen from the scc saying bitcoin of commodity to i.c.e. announcement is causing investors to decide that bitcoin is the best house in a tough
5:47 pm
neighborhood t >> all right, tom, there you go. should we invite tom >> we have to invite tom. >> you have been here many, many times. >> tom, we got this misery, i want to talk about this misery index. >> you watch that chair. >>. >> they got to pull the rug out from underneath. >> i love it >> the misery index. >> i know you talked about it before quick refresher, what is it and what is it looking like right now. the bitcoin misery index measures what we expect a holder bitcoin would be feeling so it is generally an indicator when the number is slow. below 27 means people are so miserable that historically bitcoin does well. when it is high above 67, it means that people are yu feurph.
5:48 pm
>> we are not totally dismal >> bitcoin is not broken if it is holding at these levels the fear that it goes back below 6,000 and all of a sudden it feels like bitcoin are never going to pull out of this fair market >> we have draw out of 11th and 13th or 95%? do you think it is different this time or do you think it is just like those other draw downs in two or three years? >> i think it is in line, bitcoin is much bigger now so it is dependant on new fiat in-flows we have to think about how is someone in asia or who a traditional investor is womillig
5:49 pm
to buy bitcoin does it show you how crowded it is >> all the people that made so much money buying bitcoin and you watch it to go to 17,000 and selling to fund other icos and other coins. you look at it now does that give you an indication of how crowded the investing classes right now meaning it is concentrated between a 5% of the total ownership? >> well, it shows you that right now crypto is pretty much a crawl. the market is moving itself. there is about 50 million crypto wallets. if you look at an internet lens, that's 1994, there is about 38 million internet users and now mattis 4.8 billion crypto wallets are going to match the internet's trajectory. it is early. >> i guess we need to get that
5:50 pm
one big hurdle we need to get that one, the blessing that somebody to come out. >> well, there were two hurdles. >> we talked about it. >> it needs one of those three >> i think -- absolutely >> no doubt. >> then the scc gets on board. >> i think i.c.e. is solving the custody issues in asia, nobody knows what i.c.e. is. if you are traditional hedge fund, you know what happen in the future markets and maybe you are worried of i.c.e tom lee, thank you as always see you soon >> coming up weight watchers. we'll tell you what is wrong with weight wahetcrs live at the nasdaq at times square we are back with "fast money" right after this u've got a goodd and liberty mutual won't hold a grudge by raising your rates over one mistake. you hear that, karen?
5:51 pm
liberty mutual doesn't hold grudges... how mature of them. for drivers with accident forgiveness liberty mutual won't raise their rates because of their first accident. liberty mutual insurance. ♪ liberty. liberty. liberty. liberty ♪ at&t provides edge-to-edge intelligence, covering virtually every part of your retail business. so that if your customer needs shoes, & he's got wide feet. & with edge-to-edge intelligence you've got near real time inventory updates. & he'll find the same shoes in your store that he found online he'll be one happy, very forgetful wide footed customer. at&t provides edge to edge intelligence. it can do so much for your business, the list goes on and on. that's the power of &. & if your customer also forgets socks! & you could send him a coupon for that item.
5:52 pm
5:53 pm
5:54 pm
we are proud of that legacy. now we can be so much more on february 7th, global event says it best we can be holistic and diverse and of what our partners want today. >> grossman announced on the call today, by january 2019, there will be no artificial agreement that weight watchers sells to consumers >> lesley pickers. that stock is down just about 12%. this is a big moneymaker last year 5% moved down after hours. anybody here own it? >> let's not kid ourselves >> when she says healthy is the new health >> number two, -- >> how far are you from a buck and 85 >> i can't even see you. >> exactly >> if oprah didn't step-by-st in
5:55 pm
she did. i will say this. think of 23% growth, the valuation is ridiculous. i can't believe i am about to say this they did not raise guidance enough i think you buy the stock. i can't believe i said that. >> healthy is the new skinny >> that signifies business mo change model she used the word holistic or meal delivery plan >> does it make you stay hungry? >> we had some take-outs and bl blue apron and etc. >> it probably goes back there this is a cyclical gambling shift. >> switching gears it was a big day in telecom. the department of justice issued
5:56 pm
a breach of at&t deal and time warner deal. senti se sending the options market to only can be known as frenzy. >> t-mobile saw four times of average daily. and sprint saw ten times of average daily. the print activity on the call side of january 6th call, 5,000 of those trading at 60%. the stock moves today. >> all right, mike thank you very much. enjoy the west coast for more options, we got five days to go check out the full show on friday at 5:30 p.m. eastern time as always, up in the case, "final trade." options action is sponsored by think or swim by t.d.ameritrade.
5:57 pm
5:59 pm
6:00 pm
phzer, i think money will continue >> i am with you, wynn resort. my mission is simple, to make you money i'm here to level the playing field for all investors. there is always a bull market somewhere, and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to make you some money. it's my job not just to entertain but to teach and educate. so call me at 1-800-743-cnbc or tweet me @jimcramer. this market has gone into forgive and forget mode. on a day where the dow inched up 40 point s&
1,027 Views
IN COLLECTIONS
CNBC Television Archive Television Archive News Search ServiceUploaded by TV Archive on