are they canceling them? it's a very noisy situation. it's not coming down >> well, that pretty much does it of course we finished lower for the day. particularly the tech sector >> we're still waiting for a market announcement. market's closed. it could come at any time. >> the "fast money" folks will cover it for you their show starts now. "fast money" does start right now live from the nasdaq market site overlooking new york's times square. i'm scott wapner tonight on "fast," the company's conference calls are kicking off right now. what wall street is saying about those stocks plus from production hell to delivery hell, tesla investors have been in some kind of hell all year so how far away is car heaven? we'll tell you what elon's brother and board member just told us right here on cnbc but first we start with the

trade war taking down the market again today. president trump expected to announce a fresh round of tariffs any moment ylan mui with that announcement. >> we are waiting for that to come out soon. the president said it would come out after market close my colleague eamon javers had reported earlier we should be looking for a 10% tariff, but that number could potentially go higher president trump gave a hint of what was to come earlier today when he said a lot of money is going to be flowing into the united states. >> you're going to see on china today right after close of business, we'll be announcing something. and it will be a lot of money coming into the coffers of the united states of america a lot of money coming in but you'll be seeing what we're doing right after close of business today the market's closing >> half of the products on the original list of tariffs that was proposed over the summer were intermediate goods.

about 29% was capital equipment. and that included popular products like apple watches and fitbits. there have been multiple reports today that those products are now off the list and safe from tariffs. now, businesses have been mounting an aggressive campaign to stop the tariffs in their tracks or at least the least slow them down we will see if that's had any impact >> thanks so much. and the markets certainly think the trade war is on. the dow closing down more than 100 points tech getting hit the hardest today. guy a dami what do you make of it >> closed north of 13.5 on the vix. maybe the vix is saying it's not priced in. i'll say this again. they could strike a deal next week and i'll look like a jerk which i've done many times over the past 11 years. >> not because of that >> excellent point by you. my question is why do you think

the chinese need to make any deal in the environment we find ourselves in i think they're in it for the long-term. so i'm not -- i think president trump plays the same -- with the same set of rules he's played with everybody i think this is a much different adversary. >> karen, kudlow today economic love and speaking to our becky quick today, he said they're just waiting on the chinese coming to the table. as guy said, there's no indication they're ready to do it >> one thing that really disturbed me today was saying a lot of money flowing into the coffers. i hate that trump looks at the trade war that way to me it is just a tax on the consumer somewhere along the line we're getting taxed. >> what's the former larry kudlow used to say before. tariffs are a tax. >> right he's not controlling the tax conversation, it seems i'm not opposed to the idea of having a better trade policy i'm not a fan of tariffs we seem to have such a haphazard

policy, that it's really hard for companies to know what to do so to me, that rightfully should be weighing on the market. >> office depot today talking about consumer end products. the cost of chairs, for example, going up significantly as a result of the tariffs we're seeing there is a broad impact. the bigger question is what's the market going to be, the multiple, how is all of that impacted >> we haven't seen the true market impact yet. and we've seen these tariffs and talk 25% go down to 10%. in theory it sounds like a negative head wind i would say the market should have already priced it in. >> price in one? a permanent tariff >> it's discounted every time you see one of these tariff headlines go across the tape, you see the market sell off. i would have thought that 25% on the goods we're talking about is already priced in. >> 25% or 10%? >> that was the original

statement. it was 25% >> on $200 billion >> yeah. i think at this point, that's got to be a win or at least less of a headwind here if they're taking it off of the consumer goods, that's more of a tail wind. >> if 25% was priced in, the s&p would be 8% or 7% lower. i agree with you on the gamesmanship here. i think 10% is going to come through here, because there's no way they could get through 25% again, the back story on these trade tariffs is this is a supplemental investigation which changes the entire timing of it. it forces these decisions to come out there are laws that say this is what you have to do if this is -- and there's a timeline so for people wondering why we are here and ultimately if you believe that the chinese and i think this is similar to people on the desk here i think the chinese have been laying back and actually are supposed to be sending someone to speak with mnuchin except for the fact is 10% is tagged on,

that guy might not ever show up. i don't think the chinese are going to negotiate with fresh tariffs. >> question is who has the leverage in all this you can look at the broad decline in this chinese market and asian market and say no, we have the leverage. or you can flip it and say the chinese don't have to come to the table. maybe they have the leverage >> i would think that we still have the leverage. even though they might be able to out-wait us, i don't think they want to i don't think it serves a purpose. >> is that what they're doing now? waiting? >> they're waiting because they don't know where he's coming at them from. so are they waiting? yes. but how much longer will they wait i don't think this is going to be a four-year wait, two-year wait, or wait until trump is out of office wait >> could be a post-midterm wait. >> to guy's point, the pushback is i think he is softening behind the scenes to china giving them reasons to actually get something done that we're not hearing about.

>> my view is this is not even about the intermediate goods elon broke down what's what. what's really at risk here i think this is all about made in china 2025. i think this is all about supremacy of both the internet and data and technology in this century. therefore, i don't think we're going to solve this. i think both sides are going to dig in aggressively because both sides see this as a strategic issue of national significance. >> can you say one of the reasons the market gets in these modes where it spins wheels a bit, if you look at the types of things that are leading the market, because we're still worried about trade. if you -- you can't really break out hard to the upside because you're not really sure what the earnings impact is going to be on various sectors >> flip side of that is we're 1% from the all-time high i could make an argument, what tim said we should be down 8% to 10% from the rhetoric we're hearing and we're not. >> because the economic

fundamental story is so strong why wasn't boeing down today why wasn't the fxi down more today if it was all on trade i came in on the open thought it was all trade. but i don't think it was really trade. >> i don't know in any one given day why it wasn't down, but the concerning thing is a couple of things we have a real great economy but the other thing that has allowed trump to have such a strong economy is businesses feeling better and more secure about the environment whether it's pro-business or anti-business versus prior administrations. now that's being clouded because we don't know what our trade policy is. that to me is a threat to the market i don't know about today, but in the market it is >> good thing we have another voice to add to the conversation more voices the better sounding the alarms here on "fast money. take a listen. >> we're calling for an exhaustion of the move we downgraded tech two weeks ago

because the stocks are up so much we've seen de-rating with the exception of two sectors technology and consumers we think those sectors are ripe to have a correction >> let's bring in mike wilson from morgan stanley. good to see you. >> that guy made a lot of sense. >> you got two issues. you got the tech issue which i want to talk about in a minute first off, what do you make of the market reacting to these trade head lewins or not reacting >> look, the market was already going that direction before the thing came out this afternoon. there's going to be some announcement ic there's two ways of thinking about this i still feel confident that the two sectors still need to de-rate. that's one way to think about this that's what's going on and we're finishing that move. the second way to think about this is maybe you're right maybe this is a softening. that trump is good at setting the thing over here then orchestrates in the middle

you should rotate out to what already got hit. because they already did they got hit earlier in the year on fear about trade. and everybody ran into the growth stocks as a safe haven. that divergent between the u.s. and the rest of the world can't persist. >> it's been a defensive-led move lately. >> that's right. people are cramming into defensives and growth stocks because they're the safe havens in a world of lower growth i think that's working it's not works as homogenously as people would like there's been a lot of damage in tech since facebook. >> when you use the term de-rate, what is it? is it materially changing your allocation what is it

the average pe is down about 15%. tech and consumer discretionary are up on the year their pes are still up on the year that divergence isn't sustainable. doesn't make sense the reality is if we get a 25% tax rate -- even a 10% tariff on $250 billion, it's going to be right at the consumer. those two sectors are the most vulnerable >> you don't think it's all that short lived given your target being one of the lowest for the s&p. 2,750. >> correct that's a 12-month target you got to go back to the first of the year. last year we were bullish on to 17 we felt a lot of things got

priced into january. could last 18 months that range is 2400 to 3,000. we expect we're going to revisit the low end of that range in the next 12 months i don't know when. but that range to us has served us well. this is an area we should be lightening up. >> are you underestimating the ability to make a trade deal what do you think a deal with china is worth >> depends what it is. >> anything the market perceives to be positive, your price target likely gets blown up. >> not necessarily think about this if there's a trade deal that's not a disaster, okay it's -- everybody can live with it if you make a deal, wherest the opportunity? it's overseas. i don't think the u.s. stock market leaves. i think you go back to some of the stuff that is to global trade. >> do you think that's really been the delta on the u.s. stock market the marginal dollar that's gone

away from europe and em? if it's in terms of global allocation, absolutely it seems to me the u.s. is going to do well when things are poor around the world and do even better when things are great everywhere >> i'm not saying things are a disaster in the u.s. however, if there's a trade deal, okay and things are better, and the economy continues to roll, i mean, look next year -- no matter what happens, '19 is not going to be a great year for growth. we'll see a major deceleration in the u.s best case. that money's going to have to leave the u.s. to better opportunities in the world >> it's a contrarian view. there is a broad view out there that emerging markets, maybe europe, falling. especially the ems which have gotten obliterated >> that's right. look the one scenario em has got to go down more, let's say this

getting squirrely and the dollar gets even stronger, we could have a real acceleration, but the u.s. will get caught in that boomerang. that's why these two sectors are the ones that have to de-rate or see their valuations come in once that happens, by the way, then we can move forward >> always appreciate your point of view. good to see you. mike wilson, morgan stanley. we can trade it. >> effectively what he's saying is the trade here almost regardless is emerging market weakness, probably everything is priced in and you buy it and the s&p at a certain point catches up that's what we've been talking about in terms of outcomes that's a potential outcome 2400 is 15% of so from here. i think you could absolutely see that >> i'm an em guy i just don't see it. if anything, i think there's a risk to the dollar going higher out of the differentials and i think the dollar could

rally on quality so i worry about china the biggest waiting. china's not going to fall apart. they're the biggest waiting in the em coming up, elon musk's little brother kimbal speaking to cnbc a few moments ago. what he said and didn't say about tesla that has all of wall street talking first it was constellation brands now it might be coca-cola trying to get a piece of the marijuana industry the next phase might surprise you though the cannabis king himself, mr. tim seymour, breaks that down. plus guy adami stepping up to the plate to tell us the one name that was left for dead and poised for a turnaround. more "fast money" after this break. at&t provides edge-to-edge intelligence, covering virtually every part of your business. so this won't happen. because you've made sure this sensor and this machine are integrated. atta, boy. & yes, some people assign genders to machines.

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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. welcome back to "fast money. kimbal musk on cnbc moments ago. take a listen. >> this month is an exciting month for us it's really going to blow people's minds how many model 3s are going to appear in america in the next couple weeks

my goal is to get as many model 3s into hands as possible. >> was kimbal heading to a western or something where was he going kenny rogers i don't know >> maybe >> well, meanwhile, if i could continue -- >> no, move on >> thank you elon musk himself acknowledged the automaker has shifted from production hell to delivery logistics hell this in a tweet on sunday night in response to a customer complaint about the delivery delay. as things get more hellish, so to speak, for tesla, what happens to tesla investors timmy, i'll come back to you >> i really was also trying to think of willie nelson was the concert i was looking for. >> we don't have all night for you to get there >> the key for me on the model 3, ramping up deliveries is the biggest challenge for a company that's never been operational to do anything they thought they would do it's not about whether this is a

fantastic car. many loyal users and enthusiasts. bottom line, huge competition. forget to me the elon insanity of the last two months this is about fundamentals i think it's very crowded. >> what about the secured financing? that is where i stopped believing in the story, or stopped believing -- >> you were long tesla for awhile >> i rode it way too long. i was up over 20% and started giving them the benefit of the doubt as i have been for quite some time. and to me it's now the credibility issue where he was tail wind. now he's the bearish mark in the stock. there's all head winds coming out of elon musk >> karen and i were watching the interview and were talking backstage, if you will, the most interesting thing is what he didn't or wouldn't say that was the fact he was asked as a board member about some of

the issues that have been around the company lately and he should be signed by an nfl team because he's a good punter >> he deflected every question i'm not a shareholder, but good for you saying that reason doesn't hold water anymore, i got to get out it's really disappointing. the director doesn't seem to care whether they have any control over the ceo or not. >> a football metaphor now >> no. a movie metaphor "casino. remember robert de niro was forced to employ one of the guys with the cowboy hat that didn't know what he was doing and it was a zasser? >> i'm with you. >> that's what that looked like to me. i encourage you folks, go back and watch "casino" tonight you'll knowwhat i'm talking about. >> you'd rather have a ceo smoke

pot than that board member >> the two, i'd rather have elon smoke weed >> they are both legal in the state where it happened. >> let's go back to -- i think the pocket's collapsing right now. i think the reality is that this is a guy that had a lot of room to work and that is gone he's missed the receivers. he's missed this targets he can scramble, but i tell you what he might get thrown for intentional grounding. that's where i think we are right now. thank you. >> okay. that was a personal foul on you. for more on what kimbal musk on his brother and the state of tesla, head over to cnbc.com in the meantime, here's what else is coming up on "fast." ♪ like to buy the world a home and furnish it with love ♪ and perhaps some pot, too, as coca-cola is looking to partner with pot companies but tim seymour says there's another industry that's a better bet to jump on the cannabis craze. he will break it down. plus, "fast" is going

hollywood. in search of the companies that could profit from tonight's emmys. that's when "fast money" returns. ♪

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♪ welcome back to "fast money. another big potential pot deal as coca-cola explores a partnership with aurora cannabis let's get to aditi roy in san francisco for those details. >> coca-cola may soon be giving you a different kind of jolt we saw shares of aurora and other cannabis companies soaring after coca-cola is eyeing the market in a statement coke said we are closely watching the growth of non-psychoactive cbd as an ingredient in beverages around the world. no decisions have been made at this time. aurora on the other hand says it has expressed smesk interest in the infused beverage space and we intend to enter that market there's been a lot of speculations since the $4

billion investment into cannabis growth and industry watchers are asking who is next. cowen today saying we would not be surprised of a deal with pepsico with cbd being a good partnership for their gatorade franchise. the chatter is around cbd that is non-psychoactive. unlike thc it doesn't get you high. the possibility of coke delving into pot is showing how many of these companies are racing to grab a cannabis partner and they can provide scale, credibility, and capital to help accelerate to market. cowen also naming tilray of other partners. >> thank you so much let's trade it, tim. >> bottom line, there's a lot going on in this sector. it's going to continue to play

out it's not just the substitution effect for the alcohol companies. that's the story with coca-cola. >> why would you -- if you're coca-cola? why come out with this before you have a deal? does it make everybody more expensive to have a deal with? >> can they get that much more expensive? >> that's true or do they try to get them to compete for the coca-cola deal i don't know it's odd they would come out with it -- i don't know. >> i think you have to own a bunch of these different names and it always seems like there's going to be another headline out. they're all defending tremendous market caps at this point. but we've seen pharma get a little disrupted you're probably going to see the consumer space get a little disrupted. and that to me is where it's going. estee lauder is probably in there. there's a lot of names >> you're looking at another industry that could soon join the craze. break it down for us.

>> what's interesting about this, coca-cola is not going after the psychoactive side. that which is competing with the beer companies and the alcohol companies. in fact, if you can see -- i want to point out the various sectors that i think are all exposed to this trade. waking up one day where there's a new strategic, that's the beauty of a new asset class. all the components are ones you could have major involvement we talked about pharma when you get into crohn's and epilepsy, all where pharma companies will have effects. wellness this is really about creams, lotions, ways to actually live a better lifestyle consumer products. that gets you into the alcohol and other elements of what's going on here. whether it's big brands that are seeing substitution. lifestyle. that could also mean, you know, effectively hemp clothing and hotels tech, the data around this and all of it. it leads to we possibly have a place where other companies are,

yes, jumping on the bandwagon. who might be jumping through first of all, again, the story today was about coca-cola. they are not fighting off necessarily substitution effect. yeah, we've seen that in csd, but they've been going into energy drinks. would you rather be pepped up or cooled down? might even be a bigger market. we know about constellation brands and ultimately coors was in there early. they are talking about infused thc beverages. but who are some of the other guys starbucks is a name, this is a very progressive company coffee is a place where coca-cola owns them. they could also apply tch but more likely cbd. and amazon if you look at some of the companies trading in canada, it's the guys making up the retail distribution. and electronically that's the way to do it j&j labs in canada is doing a lot of work. i think they are ahead of the

curve. those are companies, let's just talk about those on the on deck circle every day you wake up, someone wants to be part of it it's a multi-prong strategy for many different sectors >> i'm a believer, by the way. and great job with the bandwa n bandwagon. >> everybody in. >> my question is, is the ext d existential risk to the trump administration or any administration that puts the kibosh on this thing >> this is a global market if you look at the size of the global market, we don't have any idea i brought up the fact that clothing and furniture made out of hemp which is a different way to get exposure here but part of the excitement is the horse has left the barn and legislatively, i don't know when they're going to decriminalize or get to a place where it's federally legal or where you can even bank it, but the bottom

line is it's moving ahead of that coca-cola doesn't need to be in this sector tomorrow, but they are a global company they are someone who knows how to invest in a world without borders. they are somebody who will be ready when that time comes and they're moving now >> all right come back over here, timmy coming up, here's where we stand with the movers. fedex and oracle are both falling. we'll tell you why next. plus guy adami saying there's one poised for a turnaround. more "fast money" is next. 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]

welcome back to "fast money. fedex and oracle both lower. it's time for an earnings whip we have the latest word from wall street on the results we start with leslie at our headquarters she'll reveal what the street had to say about fedex >> that's right. a beat and a raise that's what the market was expecting heading into the earnings report today. scott, they fell short while the company raised their eps guidance by about 20 cents, fedex missed on the bottom line for their first quarter. and that's why the stock has been choppy. and now down about 3.5% in after-hours trading. i spoke with a few wall street

analysts who were urging investors not to panic though. i was told this company has a reputation for issuing conservative guidance. any raise is actually positive news for the company now, he ought pointed out that volume growth continued to outpace the economy. saying that it grew market share in all of its divisions. i also spoke with kevin sterling who pointed to some of the weakness in fedex's margin indicating there were a few costs that were higher than the street was expecting the cost of fuel, for example, that alone jumped more than 40% year over year now, the call as you mentioned has been under way for about a half hour at this point. areas of interest have included fedex's impact from tariffs and even their use of blockchain >> thank you very much leslie picker on fedex let's trade that first >> i would not run far from

fedex. the visibility wasn't great going into the number on the first quarter last year with the tnt hack, et cetera. higher comp numbers. but the full year should be in line here. this is one of the companies that benefits. >> they raised full year they missed this revenues beat but they raised full year by about 12 cents if you do the math if you just go off the full year raise, given the valuation, i'm surprised the stock is lower i think people reacting to the eps miss, you got to read more into it. >> expected the beat and raise, got the raise. but they did say last time around or this said there was not that big effect from tariff issues and whatnot you have to remember, it went to the low to mid-20s i think that's a tail wind and to the raise part, they must see something tremendously positive coming down the pike in the next couple months >> i agree with all those guys i think this is a great company. maybe it was ahead of itself going in the amount of the raise, it's

not like a super high multiple they can't sustain it seems excessive how it's down >> turn it over to josh lipton now in san francisco to break down ar kl foracle for us. >> let me bring those two you. joe fishbei initiation saying it was slightly below expectations. another showing their inability to guide and execute need to call for the guidance. but shows very low confidence. even though the shares are cheap relative to the rest of the market here's what steve koenig said. oracle can argue it met expectations but they have no mashs for any tech companies no matter how minor or explainable the miss. add to this the set up to over 49 at the close today. and finally, jmp saying one

interesting metric is that the platform and infrastructure business which is basically database accelerated to 2% on a constant currency basis. meanwhile, the application excel rated. going from 0% to 2% non-gap eps between 77 and 79 cents. >> all right, josh, thank you very much. josh lipton in san francisco that stock down 3% who's got the trade on this one? >> i think the market is saying rather own salesforce.com instead of oracle. oracle has been sideways to slightly lower since peaking in march. i think they want companies that are growing despite valuation. which is why i think salesforce continues -- >> i think oracle was such a

consistent proven name for two or three years and to salesforce really taking the mantle i wouldn't chase oracle here >> you know, when you look at the whole space, the whole landscape, when you start to see those, when you start to get out of those big names and you're in names that are year to date, names we don't talk about on an everyday appearance on "fast money," these are the names where you're starting to see a lot of the love go up 51% year to date. application software cloud, crm >> my first question was going to be about that then he went there anyway. >> i'm in your head. >> there's no one in your head >> nothing, nobody >> is salesforce stealing the thunder story? >> you would think they sucked the oxygen out of the room s.a.p. which is a lateral opinion is only up 6% year to date oracle seems to be building a

base, but if you're mississippiing on clothe, it's not a viable stock coming up next, netflix is going to the emmys 112 times to be exact the streaming service stealing the show in nominations this year what will the night bring and how will the stock react plus guy adami stepping up to the plate to give us a fast pitch. what stock is heoong up cki tonight? that's a hint. "fast" is next well, welcome to the demo... (danny dichter) in 1989, a new wireless technology was being tested for the first time ever. it allowed more users to connect at the same time, while on the move. other wireless carriers considered the tech too expensive. but we saw it as the birth of reliability and the backbone of a company we all know as verizon. so we were the first to commit to the cdma system and the first to build our entire network around it. today, once again, we're transforming reliability as we know it,

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we're back on "fast money. instant replay time. three months ago guy said it was time to bet on nuanced communications >> recent acquisition tells me maybe all the bad news is in the rearview mirror. valuation is reasonable. market cap is such that they can be picked up by any nurnl of suitors. that was the bold case for nuance five years ago. i think that might be the bold case for nuance now. >> okay. good call. shares up 17% since then what do you do with the stock now? >> well, if i was smart which i pointed out earlier, i'm not i would take the money and run analysts would downgrade on the valuation. i think you stay with it in my opinion. >> so you're going to let it ride >> is that a -- that should be a game >> in my opinion >> do you think you'd be able to figure that game out, guy? >> no. i'm not good at the games. >> you want to give another pitch now? >> is that what we're doing?

hopefully i'll get caught in the chair. this is going to be a tough one. i guarantee the home audience, this is 75% against. i'm going to pitch kroger. i'm glad i'm doing it now post-earnings. recall kroger got smoked after they came in for whole foods probably made sense at the time but mistakenly left for dead went back up to 32 just reported earnings were not a disaster. revenues basically in line man gin were up. not a disaster partnership with alibaba, interesting stuff. recently over the last couple of days, this probably doesn't appeal to me, they're getting another thing in the clothing business with something called dip. unfortunately name, i know with the earnings selloff,

alibaba partnership, the fact the stock was in my opinion left for dead, and i think they are in the midst of a turnaround, i think kroger actually works here plus on a lousy take today, that stock was higher that's a bit of a tell. >> what do you do with the fact that many guys in the staples pace are competing with most of these guys one is going to be amazon, one is going to be walmart >> it's sucha huge space i don't think there are just two winners. i think there can be other winners. i think there's a real opportunity for kroger to trade from here 29 bucks up to 34, 35. and percentagewise, that's a significant move remember, target was left for dead for a long time as well and that stock has gone from 52. >>. >> how much of the gakt you see

in this last dip, 15% we recently saw on those. that's weighing on it where you would think the partnership with alibaba should be a tremendous tail wind. >> i think that partnership will be tremendous. with jack ma retiring or whatever he did. that's putting some head winds i think what you saw post-earnings were people taking a profit and using that as a reason to sell a stock i think it's too much too fast on the downside. >> no more questions time to vote prp we buying his fast nic opinion? >> no. i don't think this space is a place i want to be there's just way too much competition 37 we're overstored. if any, he has to win by

competing on price >> very similar. see that tiny little sell? it's in the margin here. >> brutal so far >> afraid of the space >> i'm going to go with a buy. technically when you look at it, it should bounce where it should i mean, had i known we were going to be graded on this. >> it pounds it should have. keep it on a short leash, but i do think you have some upside. >> i know who failed finger painting well done. would you buy kroger on guy's pitch? >> no on our poll. we'll reveal the results later in the show. coming up, take a look at the cramer cam as well jim is talking retail tonight where he sees the most strength in that space. don't go anywhere. we're live at the nasdaq market

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welcome back to "fast money. it's the biggest night in tv the primetime emmy awards set to air tonight on nbc the big question this year is if

netflix will dominate the evening. julia boorstin in los angeles with a look. >> well, scott, for the first time netflix has surpassed hbo's nominations. this year netflix drew 112 dominations topping the hbo nominations with 108 followed by nbc with 78. fx with 50, cbs with 35. with the streamers, hulu and amazon have more nominations than ever. hulu with 27 thanks to its hit "hand maid's tale. though "game of thrones" still has more nominations than any other single show. followed by another hbo show tied with "saturday night live." the outcome of tonight's award for netflix, how lieu and

amazon can earn them the critical acclaim of the long-time leader of the emmys hbo. which is now newly owned by at&t netflix shares hit an all-time high in march after it won its first oscar for its documentary iceris right now they're getting accolades out of the toronto there's still questions whether the academy is ready to give critical acclaim and what kind of qualifying run it's time to watch this peet with the entertainme entertainment. >> it going to move as a result of the emmys >> it used to. ooifr been very critical of netflix and largely wrong. i also believe that a lot of the

content they've created and they're up for emmys, i call it cyborg content i think they're able to crank it out. it's based on data they know people are going to watch. they're the only ones that can correct quickly. at first it was sort of a fluke that they won or was out of their el mant. >> thairs firmly in this i think it's their game to lose. and it seems to be being bought on dips. >> what about the pullback in tech right? it was caught up in that not that you think of tariffs have anything to do with a netflix, for example >> it is caught up in that but ultimately when people look at growth versus value when you go out another couple of months, people are not going to be satisfied with a cat tractor that's up or down 7% they want a netflix up 33% that's where you out-perform the market

>> don't you think the stock is going to react to what the next learnings are -- earnings are. i love some of their shows don't you think it's about grop growth without question based on the emmys and if they come away with a boat full of emmys, you should see a pop in the stock >> let's go to mike khouw out in san francisco to break it down for us >> hey, mike >> hey there yes, the markets have been optimistic about netflix that was true again today. we saw call volume outpacing put volume the most active were expiring at the end of the week. over 15,000 of those traded for just over two bucks. the stock could be as much as 5% higher by the end of the week.

spooking to karen's point, it's a smaller than expected move which are going to be reporting. it seems now the markets are following the idea that creating content that's must-see television is going to be bullish for subscriber growth as well >> mikey, thank you. for more options actions, check out the full show friday 5:30 p.m. eastern time. >> my favorite show. i dvr that sucker. i get home, put on my pa ja wras have a hot chock let and walk away >> shouldn't you sit at the big botae?y bl >> when? >> any time. just asking. >> we'll do final trades next. you know, i used to be good at this. then you turn 40 and everything goes. tell me about it. you know, it's made me think, i'm closer to my retirement days than i am my college days. hm. i'm thinking... will i have enough? should i change something?

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welcome back want to show you another big tech stock that got hammered today. amazon worst day in several months. maybe part of it due to the overall pullback in tech, but what do you think of that note today that was out from mark may of citi talking about the prospects of why amazon should split the company? elizabeth warren wants to split them up.

i'm sure more would love to as well i don't think it's a great value proposition for amazon amazon wants to take from one, give to the other. and play the shell game whenever it's time to report earnings so i don't think this day will i don't mean for the politicians >> there is the if it ain't broke don't fix it model it's something to kick around. >> and that's -- i think that's the point. i think people need to think about a company like amazon who certainly could have a bullseye on their back in many different ways yeah, there are other risks they're not factoring in >> now for the results guy adami got slaughtered so bad on his twitter poll, we're keeping toni braxton on the show it'd be lame for you to play it. we pulled out celine instead >> i'm sure there's celine d. fans out there i have all her work.

she's the best >> that was believable l >> and she has yours >> i'm sure. >> final trades. >> philip morris >> fedex >> ge. >> guy >> kroger. >> all right does it for is my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to save you some money. my job is not just to entertain but to educate and teach you so call me at 1-800-743-cnbc or tweet me @jimcramer. maybe we need to take all these worries about the tariff president trump is slapping on chinese