watch how it fits into the at&t landscape. >> julia, thank you very much for that mike, main take away today, lost the sugar high. >> held the gains. market up 4% week to date. tomorrow it's a vigil. >> why are you calling it a sugar high is it a dovish tilt from the fed. >> no time to answer that does it. >> more of that tonight. >> "fast money" next "fast money" starts right now. live from the nasdaq market site overlooking new york city's times square trader are tim seymour karen finerman dan nathan guy adami tonight it's a night of deals as deal or no deal makes the gu on cnbc, game show host howie mandel will here to find the best deals in the market we start with the other big deal president trump and president xi going head to head at the g20 to try and find common ground amid

escalating trade tensions. as contradicting headlines give us whiplash. eamon javers is in argentina with the developing story. eamon. >> yeah it's a bit of a game of deal or no deal in argentina here as well as we wait for president trump to land here in air force one. a lot of uncertainty hanging over diplomats and heads of state gathering in argentina for the economic summit. let's look at some of the elements of uncertainty, particularly with auto tariffs the administration raising the possibility -- the president in a tweet of new tariffs on european auto makers, also the possibility here of tariffs on chinese autos from robert lighthizer, the top trade official for the administration, raising that in a statement last night. there is the idea of a tariff truce. that's something that experts have looked at as the possibility of a step back from a major trade deal could they at least the united states and china get a tariffs

truce in which they call off the escalating tariffs and negotiate into next year on larger deal. then the other issue that we are going to see is the signing of the trade deal between the united states, canada and mexico tomorrow but will the administration be able to get that over the bar on capitol hill we are watching for reaction in washington to the signing and see how it plays politically for the president. a lot at stake here. a couple of scheduling changeups at the last minute, the president announcing over twitter in the aaron air force one today that he cancelled the meeting with vladimir putin. rearranging other meetings as well downgrading some from formal sit-downs to hallway grabs between the leaders. they are ultimately going to lower the number of meetings that the president has but he is going to have the dinner with xi jinping on saturday night that's the one that everybody is looking forward to, melissa, because so much at stake here in argentina. >> and key for the conspiracy

theoristing be that peter navarro will be at the dinner table. >> white house official confirmed that to me because peter navarro is seen as the biggest hawk the chinese view him as somebody working against them in the administration is that a signal no deal is in the moving or is that a signal that the president simply wants all of his players to be at the table when he does come to some kind of negotiation with xi jinping? i'm not certain thousand read that but a lot of people are paying attention today. >> eamon, thank you. eamon in argentina for us. we start with guy adami. >> hi, mel. >> deal or no deal when it comes to trade -- when it comes to trade and what could it mean. >> pandering to the guest howie mandel sitting to the wings. >> this is the question of the market. >> i'm asking you a question you won't like the way i answer which is typical of our

relationship. >> yes. >> i think they are coming out with a handshake and president trump will say we have an agreement to move forward. and we are great friends that make the market go hire president trump is focused on the stock market he knows that will make the dow go up to 500 to 750 point and that's enough for the holidays that doesn't mean there will be a deal, because i don't think the chinese want to make a deal. but that will be enough to make the market rally. >> a handshake and the tariffs don't go to 25% january one. >> like a bro hug. >> more importantly than the quality of the handshake or the the length or the duration or the hug or whatever may follow. >> that's what we do these days. >> is 10% tariffs in place go up to 25%, halted. >> i don't think so. it will be status quo. we had a great conversation. we are agreed to move forward. we have -- both understand each

other, all the things you heard him say before. >> yeah. >> i tell you i don't think we get that i think putting the fwi that wrote the book death by china at the same table of the negotiators peter navarro is not liked. both sides go into this with renewed expectations about the other side both guys -- the art of the deal, china has been surprised that trump hasn't been the deal maker they thought and i think trump is sticking in the mode i don't think we have to have a deal i will go down saying i think the fed is more important right now to the markets than trade. even though, yes, we know trade has an impact on how companies plan. >> doesn't the fed give him cover to come away without a deal. >> possibly. >> and play to the base at this point? >> yes, i think all that is true that gives him some room i think that peter navarro there actually might give him room also in that you don't start the rhetoric that you- that he has had over the last few days if you have no intention of having a deal, right?

>> and we'll find out very shortly, january 1, right, whether there is in fact any -- i think guy is right they come out with a handshake and continue productive discussions on the fine points which i don't think we'll get any granular detail. but we will find out january 1st, do they in fact have any constructive dialogue continuing or are we going to play ard hard ball and implement the tariff increases. >> i think it's important to that we are just talking about the one aspect of the replace with china and whether it's 10% or 25 tariff january. the larger component is the technology transfer, the ip theft, all the things in place for decades that are really bipartisan issues here in america that both sides want these things fixed there will be no deal on that any time soon, which is why it's important that this thing doesn't escalate on a tit-for-tat trade war on just focused on the trade deficit be, right? the way i see it is this i think

guy -- i think both of these guys, president xi and president trump don't want to go way and not have something to say we made progress. and i don't think it plays to the base, president trump to be overly tough about this. the gm news this week showed us that it actually has the potential to work very badly againsthis base in particular in places like ohio where they are shutting down factories. to me they have to come away with a truce sort of. >> i think gm is a side show. >> is it though. >> yeah because trade tariffs and picking fights with the rest of the world on tariffs when really the fight was to be with china is something that -- that's back fired. we have been split up, dan make it good bottom line, i think that this deal has a major challenge happening. i agree with what you say, dan that this is not about trade neutrality, this is about control of the 21st century. therefore what can each side come back other than to say i won? >> and i'm not sure how you do that. >> the twitter bluster is no way

to go about making the first one. i do think if they come away i heard people on the network today say maybe the chinese say they buy more soybeans or delay the. >> or energy. >> that would work well for woegt sides. then gou and get rid of guys like navarro he can't be at the table and then you have to approach in in the manner where he think about the next ten years and how to fix the last 20 or 30 years problems as it relates to trade. >> what are you saying in terms -- there is two different things going on, the rhetoric they come out with and what it does for the market which is maybe totally separate from what you're talking about. >> yeah, i think you guys have said it. there is a good chance he comes away like when he left singapore after the meeting kim of north korea where they think they have some sort of framework to move forward on something but didn't have anything. but at least deescalated all of the major issues and i think that's probably what we come out with on monday. >> think about the trajectory we are on in terms of trade with

china. it gets worse not better each time there is escalation, we are moving up some stairway to, not heaven >> i think. >> how is there continued escalation after the initial round of tariffs were put in place? >> well, china first of all -- well i'll tell you -- >> no other concrete examples, the administration officials and china are talking ahead of g20 they have been in conversation and so isn't it just sort of -- it's just been there no progress but there hasn't necessarily been escalation either. >> well from where we started in march to where we are today on the eve of going to 25%, i'm -- that's what i'm saying, you know, china -- the tactic that xi jinping played with u.s. corporates is to try to engage them, saying we want you there he tried to befriend american corporations that's norway to get where is. china hasn't put the screws to american corporations yet and they could. >> but it comes down to what happens and what happens to the market reaction on monday.

listen, i'm as negative as anybody in terms of what it means if there is no deal. i don't think the chinese really want a deal. >> can't be more negative than dan. >> you know, dan. >> got to be pragmatic -- shall we double up. >> as as others have said dan knows a lot. i don't think the -- the i think the handshake makes the market rally. they are not coming away there is no room to talk, world war i trench warfare. >> you kind of pooppoo the gm things as we get into 2019. >> relative to china. >> let's think about this. gm told us the summer that the steel tariffs would impact business they told us that. >> $1.0 billion. >> they waited until the mid-terms. madysen the announcement met with kudlow this week. they have to do this they have a fshdary responsibility to shareholders as a company that went bankrupt

ten years aigt, you know, this is a necessary thing we are starting to see this, i think probably every week in the early 2019 if the tariffs maintain where they are or they go higher. >> it's your -- you think that it's the tariffs that caused gm to announce layoffs. >> i spent the -- the credit suisse's technology conference with the marilyn cfos, ceos of publicly traded companies. 20% of the time the trade situation was talked about the only companies not caring were the massive secular shifts like the ones going crazy like the salesforce guys. >> the gm is no longer a company that sees a core business in the sedan business is worth it they want to sell pickup trucks. they want to realign the business. >> that's one thing going on. >> gm had record profits >> let me ask, do you think it

gives them cover to do this kind of -- to close plants and others will follow? is that the point what you are saying. >> i just licenstened to the 20 semi conductor companies saying they have no visibility because other businesses are being massively impacted you can say gm had record profits. they are shutting down plants for years. firing people for years now. >> dpo this at another time. >> the relentless bull says the rally may have been rei have actived let's bring in scott from palm springs, california. looks nice where you are scott. >> you know melissa it's warmer than st. louis it's a touch below 70s and the locals are breaking out fur coats. >> we're happy for you scott let's talk about the markets say there is no g20 deal what happens to the santa clause rally that we have the preview of >> i think that we need to see

something slightly positive. i'm with guy on this it's not taking much, a good handshake, a little bit more and the market likes it. the two biggest events in your opinion this that's going to determine what happens between now and the end of the year is the fed meeting and this g20 meeting between xi and trump and clearly yesterday jay powell set the table for what's likely to happen at the fomc meeting that's a dovish tone that's what the market wants the market liked that. and i think there is a reasonably good chance we see just a slight positive between the meeting with these two leaders. >> so in the fomc minutes released today trade and/or tariffs were mentioned about a dozen times in the minutes, which were short by the standard of typical minutes released after a meeting. so i'm wondering, if you think that perhaps there is a powell put when it comes to the tariffs -- and that may give the president more cover to be

tougher on trade, actually, and to let the tariffs go from 10 to 25% or consider putting new tariffs on -- because the fed essentially said we are paying attention to this and the impact on the economy. >> well, i think the administration wants to see some progress here. and, you know, a handshake right now is fine. you know there is a lot of discussions going on in the background navarro is going to be there and he tends to be tough but i think that eventually we are going to see some positives out of this trade deal with china. but that's taking some time. i mean this is not canada and mexico those deals were pretty easy to negotiate. this is not -- the eu is going to be tough. china is tough with you we definitely do not expect an all-out trade war. it's a skirmish right now. but i'm not expecting 50, 60% tariffs across all products. that's a trade war over time -- and maybe it is somewhere in 2019 we see a more

solid deal with china. but i think there is a reasonably good chance we see some positive out of in meeting on saturday night, out of this dinner and i think the market will like it. >> under that scenario, scott, which sectors would you want to be in in >> for us, we continue to think this expansion still has some legs we want to be in financials, industrials, consumer discretionary, health care, we have liked all those for a while. we don't want clients hiding this things like utilities and staples and things like that as a matter of fact today we upgraded technology. it's underperformed the s&p fiefd by 4 or 500 basis points since the record high in september. we updwraded that. we are leaning towards those companies we think benefit from a continuation of the expansion. >> got it. scott, thanks. scott wren joining from us palm springs. >> thanks. >> guy. >> this is not a political comment. there is a lot ofs noise around

the administration that's a fact one of the president's big wins is the stock market going higher that's a fact he said it anything he can do to make the market go higher in the form of a handshake without agreement he will do. that's why you see the handshake, something in place, market rally monday. >> coming up a wild day for twitter, the stock sinking as much as 8% on a flurry of headlines what's wrong with the social media stock we explain plus the dow on track for the best week in two years but a handful of dow stocksare in bear country. will the traders say deal or no deal on the beaten down stocks and the one and only howie mandel, the host of the season deal or no deal is here. and he helps the traders fine the best deals in the market we are live from times square in w rkit mh more "fast money" right after this. xfinity mobile is a new wireless network

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vladimir putin the account was undetected about six years and had 1 million follower they received a report about the account from russian officials twegt link to the impersonation policy the moves comes after the politi politico fox news has use to do. wedbush michael packeter telling the boycott from fox news would spook investors. it's a volatile year for twitter stock, up 30% year to date but down 34% from highs in june falling into ber market territory. and other social media names are also in bear market territory. facebook is down 36% from a high on july 25th snap is down 70% from a high in early february now, as for twitter, analysts are split on the stock actuarial to fact set there are

10 buys, 21 holds and 7 sell or underweight ratings. >> thank you julia dan, what this understory escores is that twitter has a fake user problem. >> obviously does. >> and there ma may need to be policing. >> there are a couple of issues since they said they were suspending accounts and looking at the accounts back in summer, president trump's -- his user account has only gone up it's absolutely impossible when you think about that so they're not even touching him right now. here is the biggest issue. they lost 9 million monthly active user in the quarter they reported about a month ago guided to a decline of 5 million in the current quarter they are losing usesers. if any get considers serious and the fake account issue it's lower than the 326 million it's not growing they have to better monetize the users they have. the problem is is that the service isn't really enjoyable to use anymore it's not. other than guy live tweeting

everything he does. >> that's not even enjoyable. >> i don't know what this means. >> why it less enjoyable than a year aigt. >> because of the trolls. >> yes let's be franke. the other issue is what did they say? they lost users in europe bus the gdp r and regulation if that happens here, toast. >> how about the boycott, fox news has 18 plus million followers for all the people who think the boycott may not be consequential look at the nfl if conservatives fire up against twitter for whatever reason could this be consequential for a platform that's already suffering from declining -- you know, usage patterns >> the answer is clearly yes but i've said this -- i'm not suggesting i'm right one of the things i said is the they used the wrong metrics they shouldn't talk about user. it's not about that. the fact that they gone down that route paigen who willed themselves google doesn't talk about users. it's the wrong metric for the company.

with that said it doesn't as because they do. the stock probably trades with a 28 ham soon. >> 50 million trade shares makes me think there is a giant seller i don't know who that is. >> the metric is matters is ad growth which grow at 30%. >> more on tech stocks head to cnbc.com you're watching "fast money" on cnbc here is what's coming up. >> announcer: deal or no deal is making a comeback on cnbc. before the big debut guy will take his shot at finding best deals in the market withow hie mandel, right here on "fast money" after this short break. s here. the time to choose your medicare coverage... begins october 15th and ends december 7th. so call unitedhealthcare to learn about...

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welcome back to "fast money," the dow on track for the best week in two years as we get ready to wrap up the wild month for the markets. bob pisani at the new york stock exchange with more on that. >> hello it's been a wild month for the dow. the dow is up 220 points this month. that doesn't tell the story. the dow has traded in a 2,000 point range this month an 8% from high to low but despite the modest rebound there's been damage done look here. the six dow goldman, ibm, dow dupont, all in bear market territory down over 20% from the 52-week highs. and others including home depot and others in down off the 52-week territories. half the dow is in correction or

bear market territory. much of this damage didn't occur this month the bank stocks by bank of america, goldman, joon-pyo morgan peak back in march. they've been weaker and loan growth has been aenemyic it's the state your name story with industrials and materials like caterpillar and 3m and dow dew point petition peaked in the first quarter and dropped on trade concerns many months ago but big cap growth tech names apple, microsoft, cisco. they were the big market movers into the fourth quarter and started encountering big problems in october. all of apple's decline occurred since october 1st. microsoft, by the way which briefly passed apple as the largest company in the s&p 500 dropped 13% this quarter as well but it staged a remarkable comeback in the last seven or eight trading days now down own 3%. we're about to start the christmas party i wish you were

here. >> thank you bob pisani at the nyse, given all the moves we thought it's the perfect time to play a little deal or no deal and who better to do that than the deal or no deal host executive producer himself howie mandel welcome, howie to the show the rules, here is how it works. guy will be the contestant for today he is with howie each of the trade letters hold up a case. guy picks the trader and then they reveal the stock on closing price. then they are confirm it's a deal or no deal. set with the case sns howie, take it away. >> you just explained everything the idea is for me to explain. did you hear what she said. >> yeah but i'm not that bright, howie. >> did you not understand -- they got three cases each of the cases is holding the name of the stock. i ask you -- first ask you to pick a case. say deal or no deal. you tell us whether it's a deal,

were we should buy it or still going down at no deal ready? by the way before we start happy birthday we have had monarchs heads of state. >> is that a indictment or credit to me. >> they all know you. >> it's the show. >> there are three cases look at lovely models today. pick at the -- low back at the numbers. >> please i'm asking you help me pick un. >> are you serious. >> no i'm not. >> i can -- you just got here you've been practicing all day you know the case you are picking. >> i want to pick karen. karen has always been my favorite. >> karen. >> pick a case. >> i'm the host. why am i even here. >> i don't know, howie. >> that's why i'm the most important guest you've ever had. listen to him karen you work

with him go ahead. open your case it's apple i'm asking you apple closed i think it says 179.5 a, right. >> um-hum. >> deal or no deal >> it's so hard for me to pick deal i'm going to say deal i've been wrong on this stock for some time you watch the show you know. >> i do. >> the other day president trump tweeted about apple. you look, tweeted about boeing after that the stock went up lockheed martin and the same thing happened with pfizer i say deal. >> he tweeted about rosy o'donnell i don't see her. >> excellent point. >> deal. >> deal. buy i'm going to buy i'm going to buy i'm talking to people. >> you got to hear from the other traders. >> howie find out what the other traders. >> the next one you got to pick a case. >> no tim what does tim say. >> who is tim. >> tim at the desk. >> there you are, tim. what are -- deal. >> deal, howie i love apple here deal >> okay this is so different

than the real game. >> you're confused. >> ask karen what she wants to do. >> we'll make the real show look better this is part of the ad what do you say. >> deal, i own it so i better want deal. i own it i think the valuation here is attractive i understand the headwinds but ultimately i'm a value girl. >> nice. >> yes that's what everybody says >> dan i'm a deal with this but i think you'll have to start working in dollar cost averages on this. i think it has lower lows but this is where you want to start dealing this name. >> you know what i notice here consistency shall is in line. >> consistency is a moving target as you know. >> i do know that i've always said that. i've always said that. and people say why are you saying that? get out of the elevator. time to picket the second case. >> hard to pick dan. but dan, please. >> sure. >> open doesn't matter >> have you ever seen the show. >> i don't know what to tell

you. >> these are animals. >> and so deal or no deal? >> in this case, howie, i'm glad you asked. no deal. i think this mallozzi think is a big deal the headlines get worse. the stock goes down. you can see the chart we have here this is not attractive. that's not good. the way the sucker goes down, no deal. >> i'm like the vana white of nasdaq now no deal. what do you guys think. >> no deal, howie, bottom line is if guy doesn't like goldman sachs i don't like goldman sachs. no deal. >> no deal karen. >> yeah i'm going against the grain here and say deal. >> wow >> a premiere franchise it's at book, amazing. the valuation on a pe basis is ridiculously low it priced in a gigantic penalty from the malaysia situation. >> i'm no deal >> yeah. >> i think it's pricing in a

more challenging 2019 environment. and i think it's a value trap. i don't understand the reason why karen likes it i don't see any catalyst into the new year. >> a little not everybody is consistent you say that's good. >> sometimes consistenty a moving target. >> you never know. >> i like -- i like everybody. >> okay. >> time the pick the last case. >> well there is only one left. >> howie i'm listening to you, by the way. >> so i'm going to wait. open the case. >> i'm going to wait >> caterpillar it's trading at -- i can't see it 130.23. 30 seconds on the clock. deal or no deal. >> you've been watching the show you heard me say i think there is a president of president trump and xi come out arms around each other. if that happens caterpillar rallies hard if that happens i say deal. >> arms around each other? spooning. >> i think so. >> spooning.

that's great a. >> i'm not a spooning deal. >> you're saying no deal. >> no deal, howie, bottom line is if the global growth is slowing cart pilar is in the line of it no deal, don't like the valuation. >> karen. >> i'm saying deal look at the chart started trading down when tariffs got going. they come out hugging however in whatever way they choose to show affection which is fine i think the stock rallies. >> dan. >> i think no deal for a lot of the reasons tim cited. here a stock down 17% again like goldman i think it's actually telling uls what the 2019 global economy is looking like here. >> wow is it just me or is karen a rebel. >> without a cause. >> and the smartest one on the devg did i say that or think that in my head? come on over guys. come on over you don't want to? wow! >> wow, look. >> at the desk. >> that was fun. >> was it? not so much for you. >> no, no it was a lot of fun.

but i want to say. >> this is awesome. >> the show premiering on this network next wednesday. >> it's a lot better. >> is emotional roller coaster you will scream, yell. i didn't hear that here. for the first time in a long time you have a fall audience and they were sooit sitting there silent so but it's good if you want to see something so much better than you just saw, tune in december -- >> it's not that hard to do that. >> just don't have guy on the first show. >> i would. >> you did a great job. >> why it is it emotional roller coasting, waltrip you go with the dollar figure in the case. >> because i think that the truth of the matter is exactly what makes this show so good, your show so good is that the people watching it relate to what am i doing? should i buy, gam? risk versus reward, everything that this show and this network is all about and you can sit there it's teaching moments sit there with the kids.

when you see people taking a deal she shouldn't or saying no deal when they turn down a $250,000 it's visserle and screaming at the tv great entertainment roller coaster with a lot of take away. and we premiere with the holiday special on monday night after the nice on nbc. big holiday, million dollar special. >> with we have to watch that. >> i can't wait. >> in terms of the decision making process as to whether or not to go with a deal or turn it down and wait for the better deal a lot of that happens in the stock markets with stocks. do you buy at this price, wait until tomorrow and get a better deal because it's 10% lower or whatever do you trade does that fascinate you. >> i am the biggest wuss in the world. it makes me hard as a the host of deal and no deal. i'm risk averse. >> you are. >> very. >> you don't. >> the guts or whatever. >> the guts.

>> juevos. >> i don't have any eggs that was too much information. >> depends on what you mean by eggs. >> well people saying katlyn looks different on this network. what i'm saying is that, no, i have and i do and i invest but not -- i'm not really in the market but it's risk averse -- i don't have risk. people are so funny because i'll offer somebody saying they never owned a home and the banker says she will give you a quarter of a million dollar dollars right now you've been there 15 minutes. it's easy for some people and a lot of viewers to go no deal because they see that million dollars looming. when could you have that opportunity? it's like when you see apple drop a bit it's i'm all in because it's going up. or do you wait and -- people going all in right there those are the people playing the game. >> do you follow up with the people winning big money. >> yes.

>> is it like the curse of the lottery? do you find them homeless a year later, and lost -- >> so negative >> i'm curious. >> no we have no homeless contestants. >> often times you get the wind fall whether a lottery winner or maybe a professional football player, a lot of money, and there is no knowledg that money. >> the very first game that was ever played -- i've done 500 -- 500 games i've played and and recorded the first game in 2005 was a young ladyname karen van who told us she never owned a home, didn't have insurance, three kids she played harder than i would have but she walked out of -- with $5,000 you know and she lives in middle america. 5,000 would buy insurance, something we followed up a year later. and she had breast augmentation. so things were looking up. >> literally. >> not sure the lesson of that

story. >> i don't think there is a lesson. >> i'm glad she is okay. about bigger breasts. >> howie mandel thank you so much you are welcome any time. >> thank you from the rebel. >> by the way, happy birthday from all of us at cnbc. >> a gift bag. >> wow from all of. >> you from all of you us. >> you guys are such sports. something you bought here on the employee discount you want me to open it now or take it open. >> you have to. >> i have to open it i don't know oh, my gosh. it's a "fast money" -- you guys where a thinking -- my gosh. >> everybody drinks water. >> does somebody have a tissue i mean, you guys >> take a minute. >> thanks, howie enjoy. enjoy. all right. be sure to tune in the big premiere of no deal or no deal wednesday december 5th kicking

off at 8:00 p.m. eastern time. you will not want to miss it we told you about the dow downers but we tell but a winner, the dow darling hitting the all-time high, the name and why shareholders are so excited. bitcoin hanging above $4,000 after a wild couple weeks. but ubs says bitcoin is over, dead, the man behind the bold erll will be he. more "fast money" right after this

welcome back to "fast money. mcdonald's sizzling to a fresh all-time high today, following a vote of confidence from morgan stanley. upgraded the stock pris from 210. and in the past month shares of jack in the box up 16% starbucks up 15% while chip on that and mcdonald's higher by more than 4% in the past month is now the time to get into the fastfood names. >> mcdonald's people say valuation is extended but they have said it a while kudos to tim, he went out and did the thing with the kiosks, remember he said it's a technology play. now i don't want -- i follow you on twitter, by the way and this is getting off topic. but you tweeted something today. >> especially righton topic. >> because the morgan stanley upgrade did with the modernization efforts as mcdonald's and part of that is ordering by touch screen on kiosk. what did one study find on kiosks, all of them had feces on

them this is for people's good health, right, tim. >> i don't know why we are going to me. other than i used the kiosks but i washed my hands before the meal. >> before you used the kiosk. >> i wash all day long look at me there very happily ordering away. >> swiping away. >> mcdonald's has done a couple things, they got hit -- they have organic meat, fresh meat. made it hipper made it a global brand and efranchised this is going higher >> in the environment where retail is strong because the consumer is strong does it make it attractive. >> one of the things hitting me is labor for them the $15 minimum wage in a lot of states hurts them if there is something to the jack in the box story. >> private potentially. >> going private that's sort of interesting catalyst to me. >> yes. >> i think it's a big franchise.

could go for -- well it's already expensive. i think there is some roof left. >> stick with the consumer here. talk about nordstrom dropping 4% options traders think it's worse from here. >> interesting one, guy has written this down about 25% on the disappointing result a couple weeks ago -- i know you were thinking about tp no. >> you say he is being -- did. >> on monday he said i think it's time for a shot a this. >> i said that. >> put them up. >> here is the deal. bad result, bad guidance the stock is up 10% on the year. there was a trade today interesting, sometimes at this of the year you think about how are people positioning in names they want to hold onto put volume is three times calls. one trade when the stock was trading the 53.30. caught my eye. a buyer of 2,500 of the january 50 puts paying $1.46 for those those break even at $48.54 on january expiration down about 9%. so the reason i bring that up is

look at that chart there, 50 seems to be kind of a level. if you own this stock you are still up 10% on the year let's say i you came in on theier maybe looking for protection at a key support level. that would lock in maybe an unchanged point in the year. again, the companies are not reporting -- a lot of the retailers until february will we see preannouncements we know it's promotional holiday selling season but to me this kind of smacks of some protection rather than outright bear trap. >> it's interesting to me how out of the money protection was considering there is no news you see that as a catalyst, that's a pretty bold bet that things are going to be bad in general and specifically bad for them, because they're not traed trading a crazy price. >> sure. >> for more "options action" check out the full show tomorrow just like beirut us said about julz caesar is it time to bury bitcoin the man behind the call llwi be

here much more "fast money" right much more "fast money" right after this free access to every platfor yeah, that too. i don't want any trade minimums. yeah, i totally agree, they don't have any of those. i want to know what i'm paying upfront. yes, absolutely. do you just say yes to everything? hm. well i say no to kale. mm. yeah, they say if you blanch it it's better, but that seems like a lot of work. no hidden fees. no platform fees. no trade minimums. and yes, it's all at one low price. td ameritrade. ♪

>> we love howie. >> oh, yeah. >> can't wait. deal or no deal. >> he loved the gift you gave him.

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to have smoking behind me. xfinity mobile is a designed to save you money. even when you've got serious binging to do. wherever your phone takes you, your wireless bill is about to cost a whole lot less. use less data with a network that automatically connects you to the most wifi hotspots in millions of places and the best 4g lte everywhere else. saving you hundreds of dollars a year. and ask how you get xfinity mobile included with your internet. plus, get $200 back when you when you buy a new smartphone. xfinity mobile. it's simple. easy. awesome. click, call or visit a store today. welcome back to "fast money. it's been a wild ride for bitcoin this month and year. thecrypt currency going from the highs near $20,000 to the lows near $3,000 the next guest says the cryptocraze is over boring a line from shakes bore. i come to bury the bitcoin not praise it.

paul donavan joins us on the fast line. >> thank you for having me. >> were you always a bitcoin skeptic? were you waiting for the moment where the bubble seemed to pop and you could pop the note out to bury it. >> to be perfectly honest anyone with a high school education in economics has been a skeptic these are not going to be currencies and not going to be currency in the future they are fatally flawed. right from the start of the hype sort of late last year it was fairly obvious this was going to end badly. unfortunately for some of the people who weren't protected by any kind of regulation and got sucked into the process. >> so all the people, the people who used to come from banks like ubs and went to start cryptofunds, all those people are just -- i don't want to put words in your mouth but is sounds like you are calling them stupid

that it was just a false narrative from the start. >> the problem with any bubble is that it tends to come about when there is something innovative, something new in terms of technology. and it allows that dread phrase, this time it's different to be uttered. of course that's what we had with the cryptocurrencies. there were a lot of people that didn't fully comprehend what was going on with quantitative policy and thought printing money would create hyperinflation printing money doesn't create inflation. it's creating too much money we had confusion and concerns. and so you get this hype coming out. now, the underlying technology of blockchain, the distributed ledger system, that's different. there is an economic proposition there. again there is a certain amount of hype. but to go from that into bitcoin is going to replace the dollar is quite a leap. >> is there no use case for bitcoin because even the st.

louis fed says in economies and societies where corruption in the government is rampant and there is severe devaluation of the currencies there might be a use case for cryptocurrencies? >> well i think if you are looking at a situation where government ceases to exist to all intents and purposes that does help remove one of the main obstacles which is you can't pay taxes in bitcoin some people claim you can. but you can't you pay in the currency of the government and they may offer a deal where you can turn your bitcoin into a currency at a advantageous exchange rate. if you don't have government then the society gets and arkic and then the cryptocurrency comes through. but the main problem, the absolute fundamental flaw is that they are never going to be a store of value every economists knows the store of value is about balancing supply and demand. and with cryptocurrencies you cannot control the supply in

response to a drop in demand. >> okay. paul, thanks for phoning in. provocative note. >> ohio announced accepting bitcoin for tax payments there is one example. >> he is right right now some of the pillars the bull case, the store of value, the scarcity. >> there was never a store of value i don't think you are saying that. >> but i'm saying that's one of the core bull cases it's out of the window is gold a store of value there is an ecosystem around it. but that's the important thing about bitcoin it's the first popularized distributed use case story right now. cko heas the potential to grow ba totr use cases. >> up next, final trades introducing e*trade personalized investments professionally managed portfolios

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time for final trade let's start with tim what's your final trade. >> well beaten up, hal burten. >> karen. >> i go with the emerging markets. >> yeah. >> yes, you know i think may be the place to be. >> box, just pup you a deent quarter and guidance i think it's trying to bottom. 80s buy. >> guy. >> it's clear that howie and i didn't rehearse that that was not rehearsed. >> crystal clear. >> but wasn't he a good sport to come on cnbc's "fast money." >> highly professional i can't wait until deal or no deal premieres next week.

>> final trade. >> there might be a deal on eli lillister squl. >> that does it for fast for more, meantime, "mad money" with jim cramer starts right now. my anything 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 money. my job is not just to entertain but teach you. so call me at 1-800-743-cnbc or tweet me @jimcramer. >> all right after yesterday's soothing words from the fed, following by a day like today, th