>> yes. >> other costs. >> obviously. >> and china demand and things like that. pu it was a pretty broughtly unimpressive update ahead of there. >> been a while since we talked about ppg. >> the big story today. >> you miss to do zwloo have i missed always up for talking manufacturing. >> but no more time to talk on this show. that does it for "closing bell." >> "fast money" begins right now. >> "fast money" starts right now. live from the nasdaq market site overlooking times square .paid refresh guy adami pete najarian a guy adami. the starbucks coffee giant soaring 16%. and bill ackman is betting big on the stock is a big are rally brewing moments ago president trump with a simple message to jerome powell, slow it down tp can could a war be brewing with the federal reserve? we start with the material warning. sound the alarm. >> warning. >> the sector far in away the

first performing down more than 3% the picking up steph after ppg warned of higher input costs moments ago. proctor and gamble says it's it feels a higher cost as well. moments ago we found out that trian took a stake in ppg and sending the stock soaring by 6%. is this a warning to the rest of the market that earnings season could be shaping up to be a season of pain >> well, season of pain might be a little extreme but it's a warning pepsi said something a week and a half ago as well higher input costs inflation is here whether we realize it or not, whether the fed wants to acknowledge it or not, whether the market wants to acknowledge it owner i think higher input costs are a big deal now the off side of at a and see the strong economy can pass on the costs to the consumer. i don't know the answer. i will tell you, margins should go down. earnings my be stretched

it's not this period i'm concerned about it's the guidance going forward. >> we were talking to kramer on power lunch. i said this a canary in the coal mine he said it's a dead canary in the coal mine. >> whoa. >> that does not sound good. >> and pels pels's action change in your view how you perceive the news out of ppg if you see somebody stepping in on this name. >> dead canaries scare me. it sounds like a mop term. >> can you. >> i don't know what that means. >> anyway. >> quickly cap that. >> my view is first of all i don't know when nelson pelts bought in stake. he could have bought it ten days ago and in the looked great. i'm not here to judge nelson i think the material pace, the companies producing assets part of an asset reflation story, if this is about inflation i think some of if this is good news it's for the bad for everybody ultimately assets prices go high

are. a lot of the dog from last year are having quality years trey chemical companies are doing well there are people benefitting in this part of the economy and i don't think this is a dead canary i do think we are going to continue to see. >> is it a canary, alive. >> i don't think it's new. i don't think we knew that karinary. >> half the sales of this company come from outside the u.s. we have the situation where obviously emerging markets have been roild by the highser dollar, higher rates and we have issues about nanosecond we have issues about supply chains this is a classic. >> we have issues about demand. >> we could. >> sounds like we have cost issues i think inflation is a big deal. >> it sounds like a bit of both. i guess the point is you could put it together. pete is making. >> that's a look i haven't seen. >> i loch it i love listening to you go ahead. >> what i'm saying though is it fits a lot of different narratives right now so i didn't see anybody stepping in to buy in stock closing at a

52-week o week low today there is no bid for it i think we have seen this with peltsp he gets. >> you think he went in and bought today. >> what i'm saying is that's old news kwhafr his narrative. >> he thinks it's a dead anne wear. >> yeah. >> the rising costs are fine as long as you can pass it on to the consumer so there -- so that's the critical question here even if you're facing rising costs it's okay if you can chak you people more. >> if you have a great economy. >> but you say no thank you melissa i'm not buying that ij et that's the problem. >> that's why i smirked when you said i looked. demandwise we don't know yet really i think one of the things is also is this too stock specific in if you go back a year and a half two years ago microkips come oumt saying nobody is buying our chips is what they said meanwhile the restore of the chip market is hit and it ourns ut not that bad the semis moved up and came off

the lows do you remember that. >> i do. but that's one small company we are talking about a company. >> but it wasn't because everybody used that as the one example to sell off. >> are we starting to see the floebl pi's weaker than ours isn't it fitting the narrative we are talking about this company selling half of the $15 billion in revenues outside the u.s. here. that is the incremental growth we see if we have a dollar that -- the dixie trading back near the 52-week highs. with he know emerging markets have had major palpitation because of our rate increase that's the next leg of the story sfla one of the things we have we been questioning two months is how can the u.s. markets 11 date tate above global markets you're back to that question i don't think these companies were a different situation nine out of ten mounts ufrpen pmi lower back to 2006 i agree with that. higher ininflation is being

passed through look at fastfood, consumer names. >> hold on >> massive. >> economically sensitive groups and our market right now act hoeshl autos, home building where airlineses semi conductors, small caps have given back all of the gains since they broke out in may. i could keep going here. when you talk about the market levitating we are talking about ten stocks first and foeft most might maga four the they have 3.5 trillion of market cap in a $20 trillion market. we see a lot of stocks in the s&p 500 not doing well. >> i disagree with the 10 stock example. everybody loves -- they. >> everybody hefr. >> everybody loves to bring that up actually go to old school tech and say all the stocks are at highs or close to 52-week highs when you look across the board and microsoft and apple abintel. >> microsoft is in the maga pch it's motorcyclist, apple, gool are google and amazon.

>> oil prices are this they the companies outperforming. >> what about boeing. >> when wlapds we when the dollar was decimated in 2014, 15. >> cut in half. >> the dollar went off when oil got decimated. >> but it worked its way back. >> one of the big concerns request quickly and dan brought it up. a lot of companies bought things ahead the tariffs. that's great if you can sell it next quarter if things don't move you have a problem. is there an inventory glutton the back end i don't know the answer to my original point inkt injuries will be fine. >> i feel like we are suddenly frequenting out over something that could be a canary, could be a dead canary. but the bottom line we have seen the. >> are you not concerned one i oata when you hear -- i understand that but put aside the other side how do you actually feel sfoo? are you worried after hearing

from ppg and proctor and gamble are you start starting to get word that companies play conservative side when in the earnings sins season comes saying we are costs creep. >> we have heard on regional fed surveys they are seeing price inputs companies are cautious on ordering they can't fooinld skilled label. these are bad problems in a kircht economy but in this economy some of this doesn't mean the world is falling awart. >> what do you do in this environment. >> i think there are tupts you look every day i found less today but bun eone later i will pitch that's a good tuned. >> good tease. >> i'm not pri going up that's coming later on. >> exciting. >> there is always opportunities, mel it seems like there hasn't been a dau gone by where there hasn't been the opportunity there are companies win credible balance sheets, great fundamental stories and getting sold off in my opinion often times the wrong reasons. >> do you recall the defendants are guest we had yesterday. >> like of an elephant.

>> do you recall julian emmanuel saying once with you get through earning season we are employing to hear enough from the company and the fed may not raise in december. >> nonyou asked me is that good or bad for the market? in my opinion, i don't know the answer but if the fed doesn't move in december the knee yerk is higher. but the then the sque is what do they say that we are not. >> do you think the fed puts the december hike on hold. >> i think it would be a big mistake for converse in the employee. >> but they are not responding to that. they are daft driven i don't think the fed suddenly says we are worried about the economy or the market. >> speaking of the fed and interest rates president trump is out with what sounded like a call to the federal reserve to slow things down but at the same time stomping on fears about rising inflation let's get to eamon for more. >> hi melissa. the president was geddeding aboard marine 1 leaching the white house. i asked him about the interest rates and mortgage rates and what his opinion is on that. here is what the president said?

>> well, i like to see low interest rates the fed is doing what they think is necessary but i don't like what they're doing because we have inflation really checked abwe have goot are good things happening. i will say this, we're normalizing money and that's good but i think he don't have to go as fast. >> i also asked the president if he spoke to fed chair jay paul about this and he says he hasn't. i asked him if he met with jay paul this year he said, look i don't like together involved. so the president signaling his diz pleasure with the fed and in terms of the interest rate increases but also signaling that he sort of respects that independence of the fed that's been traditional this is not a traditional president but at least in that regard he is saying he is not getting involved aflt he is vocal in sples expressing opinions about what the fed ought to be doing. >> eamonafters thank you. report flg the white house he doesn't like to get involved

except he talks about it on tv but you do your own thing it's fine what do you think the fed actually does? and if the fed is data dependent could the data include the commentary from the conference calls during earning snlz. >> i think they are paying attention. they may not say it you don't think so. >> i don't think they are listening to corporate conference calls. >> they are watching the stock market and paying attention. >> you would say absolutely -- they may not be directly listening but paying attention in terms of the market i think the secede fed is always look at it as part of it. >> we had had an nfib small business survey just off the the record highs folks okay, so if we think this economy is ludly going dounl fwb if anything the fed is seeing that falling and data points relevant to them and then they react. i'm not saying the kwourgt quarter is a live and well i've never said that uktd see the growth front run and there is no fed put.

>>en a the data something ig ises right now that they should continue to move if the fed is looking at the stock market which i don't think they should. when the president talks about. >> do you think they should but they do. >> of course they do. >> they can't help but but in my opinion that shouldn't be one of the things they look at. the stock market should live or die on its own with nothing to do with the fed. >> if you think about where does a lot of consumer discretionary or their wealth is tied to their holdings in the stock market to me if you had a charp decline like in january around february in the st. croix mankato here that would clearly weigh on the fed more than any commentary my belief you hear on q 3 next few weeks. >> starbucks is heating up now that bill ackman jufrpgs into the name could the rally be getting start. plus bank purg tear. the sector stuck in limbo but are some names headed for heaven or inferno the traders weigh in np pete

alluded to this. but there is a beaten down stock fallen 30% from the high something that has him pounding the table. he has the fastest pitch real live in z new york city sometimes square more from "fast money" right after this

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punishinger at headquarters. >> you can now eat from bill ackman's portfolio you have starbucks, chipotle appear food and consumer brands broadly have been paying offer for ackman's ferm after three consecutive years of loss. the afist fund is up 16% president ac annual he is publicly disclosed of investment you nike united technologies a lowes and starbucks have been followed by very little saber rattling by the investor billionaire. we haven't seen the 300-page powerpoints, 3-kour kvs o conference calls or proxy fights. today's presentation on starbucks was complimentary toward management and the strategy saying they are taking the right steps to boost the same store company sales and the stock is poised to double in three years. it doesn't appear there will shall much fighting between starbucks abper shalling for their pennsylvania part

starbucks looks forward to a productive dloeg as with all shareholders to be sure, a source tells me this will not be the end of activism at per shalling square. but for now keeping focus ds on fundamental stock pick something in focus for the firm, the source says. the starbucks stake, $15.2 million share was revealed at of an investor conference closed to press. however i'm told by someone in attendance that ackman gave the presentation with the starbucks drink in his hand. >> what. a venti ice passion tea. >> that's a thing. >> why would you bring a black coffee to the thing? do we have a senselessly as to how much- what percentage of the portfolio this is. >> he dhoesed it was about 10% a couple months weeks ago in an investor call before he

disclosed what the position was. so is that undisclosed position that represented about 10% of his portfolio. and remember, he holds very concentrated positions so a 10% position is pretty standard but sizable nonetheless. >> yes leslie thanks. leslie picker with all the details you need about the story. ice mango passion. >> it's almost -- it's a very personal drink obviously i wouldn't get it. >> you are in starbucks. >> "i. after the 25% move off the bottom the stock is interesting off off valuation. trades 20 times next year pap 20 to 25 multiple change. china is still the story and the capital return program somewhere in the odds of 25 billion over the next couple years for a $75 billion market company. interesting, i stay long. >> you are -- are you looking. >> i didn't know if you wanted to jump in. >> he looks like he needs a coffee he needs a jolt. >> you drink order.

>> the stock had the amazing rally off the bop. everyone thought it was a buy under $50 briefly. i don't know why anybody would pay bill ackman to buy starbucks. it makes no sense to me. especially if you are not active it then we read the become. scott woman ner read that. and you are like maybe i want to follow this guy. >> you just think it's bizarre the market trades up on the ackman announce zbloomt the stock was up 4% and then paired gains. we that before with the last ackman >> chipotle. >> and then we saw the pullback maybe on the realization to your point that you this may not be the guy to follow. >> i think what he said it's going to double over the next three years orring >> could. >> could double. i think he obviously hopes it double. >> you may grow some of that hair back. >> that ain't happening either. >> that was his point. >> and i don't know if at 22

forward earnings i'm not sure it's as cheap as you might. >> hair jokes aren't funny. >> i think they are great. >> don't go there. they don't have the eps growth being are backing up the valuation. it corraly more from here. >> i agree with guy i'll say it quick. i had the stock until a week ago, got out i will not buy it again until it gets towards the $50 number that's where the range is for starbucks. >> the name on the options pit what did you see. >> a lot of short dated call buying specific mr. i the weekly call volume is two times that of puts it looked to be tradeners the october 59 weekly october 12 calls. 20,000 traded the largest print of the day was about 4,000 30 minutes after the stock the stock scott up to 59.5 downtown to 54.70 there is the day chart there. this is literally a trader trying to press for a move higher possibly to 60 by the ebbed of the week. >> more "options action" check

out letle full show on friday, 5:30 p.m. eastern time sflfrmts for more on bill ackman's bet on starbucks. in the meantime, here is what else is coming up on fast. >> announcer: the rising rates are supposed to help financials. but the banks have still gotten crushed. we'll tell what you it could mean for the market. plus, pete's bringing the heat pitching a tech tighten down 12% but you won't believe how he sees it going. the name when "fast money" returns. rp. >> announcer: "options action" sponsored by think or swim by td ameritrade i had a coach. math. ooh. so, why don't traders have coaches? who says they don't? coach mcadoo! you know, at td ameritrade, we offer free access to coaches and a full education curriculum- just to help you improve your skills.

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welcome back to "fast money. it's a bank purgatory. despite what should feel like nirvana for financials they seem stuck in willy-nilly o how far away is bank heaven .devil in the details let's get to dom. >> melissa, the easiest way to

say is the banks have a long way to go before the pearly gates. the stocks have been in focus with the 10-year u.s. treasury note yield pulling back today. but hovering around the highest levels in seven years. some of the conventional and traditional wisdoms that is that higher rates are good for bank stocks that's not playing out this time over the course of the last one month jp morgan chase shares, up a little less nan a% stick with the money center banks. look at bank of america actually down by almost 3% in the span. wells fargo down around 6% during that time and regional banking power pnc financial down around just over 2% we'll call it one of the big reasons could lie not just with the level of interest rates but the difference between longer term rates and shorter term the term strush with the yield curve, whatever you want to call it, the gap it has to be steepening or remaining relatively flat at least it's steeper than in the past

but still flattish on a relative basis. the banks will be a key focus for tradeners the coming weeks with earnings season kicking off .financials have been a notable laggard in the overall market so if they can, somehow turned around it could be fuel for a possible leg hairer other maybe a drag back to you guys. >> thanks dom. so are all of the names doomed to wander in purgatory or worse or could they attain salvation. >> feels luke a guylim. >> it does we will let the tradeners a new game we call bank heaven or bank inner fernando it seems like this would be straightforward. bank inferno orr heaven. let's take jp morgan if a trader thinks jp morgan makes a turn around will you see and hear this saintly angel, harps it's green meaning buy the stock is going to bank heaven if the trader thinks no sachgt the name you see and hear this.

look at the red devil. the stock doomed to burn in the hell fires of bank inferno let's start off with the example. pete on your shoulders jp morguen >> total heaven. first of all you start off with a company kept one the s&p nobody else has. and you can -- over the last week it's held in there, dom showed the mart. jamie dimon as good as it gets it had record profits last quarter. and look at earnings and revenue growth is strong this is the greatest i own the stock. i think it's in heaven. >> are you worried about mortgage origin nations coming down one month, three month spreads >> there are other aspects of the business doing so well that can balance out. credit cards being one. >> are you worried it's one of the best performing bank stocks in the market downturn that's the first where investors take profits. >> i don't know that they would. take profits other places and if

they did it's great opportunity to buy sfl next stock. wells fargo. deanne. >> well, inferno i have a god reason. i think one of the best pair trades in the in market could be long jp morgan and short wells fargo. this one has regulately scrutiny a lot no shortage of scanned als. but when you think about the consumer lending and things going on, the cyclically could be going on in the economy they are very exposed. loan growth, you know, auto loans that sort of thing i want to stay away from this. it's down 12% on the year, down 20% turbthe 52-week highs. you can wait and stake at a shot if it can hold 50. >> what do you say with wfc. >> i agree with dan. >> inferno. >> there is headline risk. you get a couple of more negative headline in the tape we see. you see wells buy jpm. >> we need that picture of dan and devil for other shows.

>> here we go. >> it also trades 1.5 time book. more aspenive than bank of america. don't be long this one. >> i own the stock as well and i think that's the tune is i think we you look through. >> wells fargo. >> i like wells fargo and also think there is changes top stop that's what they need when they happened that's why warren buffett holds it. >> look at that. >> next stock bank of america, tim heaven or inferno. >> absolutely heaven process this capital return program is heaven never given more capital back to investors. the valuation at this time is at the bottom of a historical range. all right, the things i just talked about that i'm worried about with jp morgan i'm worried about for all the money center banks. but i can stay in here this is a heavenly time to be the bank of america investor they pay me to hold the stock and it's chief. >> they are massively underperforming. they don't work. what are you waitth for here

we had the. >> now wind down here. >> i own the stock i'm -- i feel good about management. i feel good about the leverage they have to the global economy. you think the world is coming too a end. >> i do not think the world is ending i don't think this is a market where you actually want to be digging into this. >> a fork in the record. >> bring that devil up >> on to the next stop >> i think i understand this game. >> i'm not sure he does. >> self-is bad angel is good. pnc, heaven or inferno. >> remember tavares. >> heaven must be missings an angel. >> what they are miss something pnc financial. thank you for the wings precip they rich on valuation in 1.5 times price to book. dan would say expensive. but 9 times eps growth trades 10 times forward earnings they are buying back more stock. significantly lower than the all-time high this year.

held 137.5 which is what we saw in the spring. don't give me. >> wind it up big boy. >> give me that give me angel wings. >> still ahead, burning bond questions answered by dilt dealt's jean thompson tetzlaff us what you need to know and the big mistake could be making. pete narjen going all in one beaten down stock. carl icahn likes it. morefa meyafr is "ston" teth

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money. pete najarian is excited about this next excite pmt metahe got up and ran to the plasma take it away. >> i'm giving you ebay this is interesting. because this stock has not been performing but i'm telling you why exactly i like this stock. when you look at the ceo he has been absolutely laser focused. this is a gentleman with the company since 2007 -- or 2011. 2015 took over as ceo. he was the president the focus on improves the platform to be more competitive is something they are working and obviously taking a bit of time but they are trying to get back into that game to attack amazon that's what they shall be doing. they are vechg the money to do that the fundamental story i love in the last five years they bought back 24% of the outstanding shares they are taking in a lot of cash what are they doing? they are moving some of it for the improvements of the platform

the other is the the share buy back program they have had on for a long period of time. trades at 13 times earnings. i like the fundamental side of this what this company is doing. the double digit growth look at earnings, revenue, the gmv, all of that double digit growth at ebay they have had struggles and that's been because of the analysts have had the numbers so high they haven't been able to reach the numbers. preponderate stock sold off, sold off in april and again in july we have seen this stock showing something here at a base but i bought it at 33. i literally just bought the stock today. i'll be hold going a whil. i like the management and fundamental stories. >> i have a question for pete najarian. >> pete, what do you make of the -- some of the carl icahn whispers about taking a stake in ebay. >> dan was talking about that with starbucks a lot of that option paper we saw in there was obviously connected to some of that. i think when you look at what's going on, carl -- in terms of

people trying to position in ebay some of the stories out there -- there was a lot of option invite ebay i look at where they are right now guy. fundamentally whether there is an activist or somebody wants to put money in that style, i think it makes some sense. but i don't think we can trade off of that because we don't know. >> no more questions time to vote are you buying or selling the pitch on ebay. >> tim what do you say. >> love you be, pete do don't love ebay. second quarter results that carries on to the third i think the valuation not in this environment. >> valuation it trades below a market multiple he just told you they are growing earnings and sales double dikts. >> not based upon the growth in second quarter, the guidance is mild >> here is the thing i buy. dishneau dsh i buy. >> whoa. >> pete's ebay i got it tell you something back year in 2017 me structured the unstructured data. using all this stuff the ai thinking about what amazon just

told you what they're earning in advertising fees, right from search data and stuff on the platform so this is one i think makes a lot of sense >> what do you say. >> dan cheated off me again. look what i wrote. >> can you rotate it. >> i did it backwards. >> ebay. ebuy. >> he said i buy ebay. >> move to 35 to 42 is overdone. the values is compelling the report on october 17th, sucked down with payment stocks. you'll see it bounce in earnings. >> all right. >> there. >> i want to know, everybody wants to know, what you think out there. are you buying pete's pitch por ebay vote on the twitter poly, cnbc "fast money. we will reveal the results later in the show. it looks like a wopg now so far. plus worried about the bond exodus dety 4(ke you are. fili's01) expert joins to us answer the burning bond questions. we'll be back right after this h,

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welcome back to "fast money. we have a news alert and a couple of activist moves in hour in the after hour session. let's get to leslie for the details. >> more details on ppg on trian this is the coatings and paint manufacturer we learn that triad owns 7

million share of ppg valued at about 690 million as of october 9th, as of today that represents about 2.9% of ppg's outstandin shares that's different from the numbers that we saw earlier in the 13 f filing dated june 30th. they have significantly upped the stake. since then not exactly clear exactly when they boosted the stake. but about we know as of today they holtd 60 million shares of ppg, not cusickwood png which is what the company tria started a proxy fight last year. the and upping the stake from campbells from.6 process processors to 6 pft 8% a lot of moves in the activism motivate. >> lessty picker at headquarters capable's soup a staple that trades at above market multiple with a 3.7% dividend yield.

>> above market multiple, also 18% short interest i think maybe the stock troughed back in april or may, traded down 32 on huge volume maybe the worst is over. they don't make the brands people want anymore. i still love it. the chunky soup does it for me i'm not the target audience. you got to get in the health food but you could see it bounce on the short covering on the back of the names i don't think that's what they're in it for. >> he this make spaghetti os. >> you shouldn't should never read that. another italian crack. >> how did that turn into the italian crack. >> it's all american. >> campbell soup one comment op campbell soup. more than s&p 500 pef. >> which seems steep to ma me that would be one more reason to stay away at that they're not in the right category. >> switching gears rab rates are rising even if you don't own

bonds chances are you own bond funds in the 401(k). what questions should you be asking jeanie thompson at fidelity joins from you bofrts. welcome back jeanie great to have with us. >> thanks melissa great to be here. >> first of all, investor haves no know what their time frame. because the last time you were here you were saying that people aren't aggressive enough even well into the working years when it comes to owning stocks, correct. >> that's correct. yeah, i mean when you look at bond funds, you really have to you think about the time horizon. when you are young, say 25 right out of school working you have almost 40 years to work. in that case you invested more in equities and less in bonds. tipping the target date like the fidelity freedom funds at age 25 only in 10 percents in bonds in 40 it's still only about 40% by the time got to 60 is 40 meres in bond funds. age 75 that's over 50% in bond

funds. >> you have no know the risk tolerance. even within the bond world i thought all bondsy safe. >> no was not all bonds are created equal. you have to think about it first of all you want to sleep at night. if you can't sleep at night then you probably are too waited in equities orr high-yield bonds. you want to look at the different types of bonds and then you know the risk tolerance is a function of age as you get closer to retirement you may want to increase the bonds. because if you don't have any guaranteed income or you don't have retiree health care then you may want to conserve more of the portfolio. the different types of bonds, there are corporate bonds, government bonds and high-yield bonds whisk row which are the most risky. >> that's knowing the type of funds you should be in but there is another component and that is the duration it might be tempting to say i want to buy a 10-year bond right now. but in a risinginterest rate environment that may not be the best play. >> that's exactly right.

and within most 401(k) plans you can really only buy bond funds as opposed to actual bonds what we see most employers about 95% of employers after intermediate term bond fund you may not want the long-term with you the intermediate term bond funds have cult sector corporate, treasury and mortgage they are diversified within the fund that's a good." option for the 40k investor. >> thanks for the advice jeanie thomas of fidelity. >> thank you. >> in a rising interest rate environment right you want to be in general shorter term bond. >> you don't -- you want to be concerned about your duration. you actually could be in floating rate notes which have a lot of flexibility in a environment like this. i want a good time to look at credit now because this is nice yield. >> in terms of yields where we see them going. >> top side of 3.5%. the 2-year catches up.

the yield yeel curve narrows the end of the year. >> flat. >> not flat. where are we now 3.28. >> 3.23. >> duping we go to 3.50 by the he said of year? that would not be good for equities. >> into this this environment it in 2-years can be dragged up. >> which leads to bank inferno. >> ooh. >> what. >> bank inferno. >> the velocity of the move to 3.5 would ramgts the markets strong process and we'd see roll tilt come back in probably closer to 20 or 22 if we get in there. >> still ahead, speaking of rising rates a sneak peek into theed "mad money" studio comer has more. >> media titan michael burns bet big on his stock buying 50,000 shares of lions gate last time he bought shares rallied 250% he joins us next

live at the nasdaq in times square, more "fast money" right after this this isn't just any moving day.

this is moving day with the best in-home wifi experience and millions of wifi hotspots to help you stay connected. and this is moving day with reliable service appointments in a two-hour window so you're up and running in no time. show me decorating shows. this is staying connected with xfinity to make moving... simple. easy. awesome. stay connected while you move with the best wifi experience and two-hour appointment windows. click, call or visit a store today. welcome back to "fast money. beverly hills. that's where media moguls want to be. our julia boorstin joins us live from vanity fair's big summit where the biggest named in media and entertainment are meeting. what's going on. >> melissa, there has been a lot of talk about the vanity fair summit about the convergence of.

disney ceo bob iger talked about leader subpoenaship saying he is not running for president. he says he is working to continue the disney tradition of storytelling and combine it with the latest technology. he showed a krip of the new lion king so high tech it looked like live action animals we saw in talk on safety acknowledging the company maybe grew too quick now he is focuses ds on the uber primary business appear good delivery saying grocery delivery could be a natural next way to panned as for talk of driverless cars, he also said the idea that automation is replace being people is totally wrong. a few minutes ago. the next flicks chief was asked how netflix could aired content deals. paying ryan murphy and and shanda rhymes photographer $100 million over three years. >> take a listen. >> it's not that different than what happens to television

you figure a studio network would be paying them a percentage of their advertising and carriage revenue we're paying a percentage of the subscription revenue we can help to size the projects process. we have enough years of

we also announced that we'll have an imminent launches in spain, italy and france. and i think there are going to be a lot of countries right behind that process. we believe there is no reason for us to doubt the idea in our

minds, which is that our international business on the starz sited will be abbas bigging a the dmeekt. >> who do you think is the toughest ott competitor out there the landscape has changed a bit since the last time we talked. >> i think we can be one of the three, four, five, ott go-to platforms. we see that if you look at the success with starz play ash we are the leader with over a million subs we think the combination of starz and lions gate was a unique combination that enabled us to do something that a lot of places can't a lot of companies can't do. you have 17,000 titles in the library. on top of that you have in platform called starz. the existential is very powerful. >> why do you think investors don't understand about ott, particularly international i think that there seems to be at least in this country this north american cent rick view of ot it appear what it could be they don't acknowledge that

perhaps india could be the next market. >> india, china, europe,iage again, i look at what we launched and what the results are. we are encouraged with the early results out of the uk and germany. we have seen 10% weekly growth that's a good number and so -- again you have to pris this service correctly, the same we do domestically again, i'm encouraged. i think that's a great bullish case the street is missing >> is it a land grab at this point? first in you get the customers, low price, lock them in. >> two of the only thing i refreshing from business school i hate to say first mover advantage. and there is a first mover and second and third mover after that it's more difficult and i think we're in the ---en a i also think that barrier to entry is the second thing i remember from school which is the barrier to entry is who has the capacity to do what we're doing? again this giant library at the same time with the starz platform which is expanding globally and there aren't a lot of

players in that space. >> michael it's great to see you thank you so much. >> nice to see you all. >> michael berns, vice chairman of lions gate. >> one of the first guests we had this show is 12 years old. >> do you remember that fight we had. >> michael with carl icahn. >> $6.5 we saul sidewood mr. berns we were right. he woupd up piet in a major way bhe he bets on his stock any time somebody puts the money where the mouth is you got to be behind it. they resigned the director of distribution i love think lions gate goes higher >> i think this ds stands out. one of the things that made jamie dimon back when he bought jp morgan steve wooin steve wynn bought more. when i see this i love seeing this that. that's commitment. >> you know, michael talked about the international opportunity. again the distribution partner is amazon prime.

he talked about how important that is. i just -- that is very important and it's also key the consolidates in the industry he is often told us he is agnostic on who. >> we will see. >> one of the best shows was counterpart. a couple more hits like that this company with a $5 billion market cap is on theho srt list for take overs >> up next, final trades

>> you know you can buy ebay

tony braxton final trade, pete. >> lions gate. he bought i buy. >> boom. >> bank of america be in heaven. >> friday the banks can't rl ay sell the xlf. >> the twitter quiet us. see you back here at 5:00. "mad money" starts right now my mission is simple -- to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere. 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 trying to make you some money my job is not only to entertain but to teach and educate you so call me at 1800-300 cnbc or tweet me @jimcramer. you have to search far and wise as someone who was a