don't plame china. i say it all of the time i blame the people that sat right at this desk they should have never allowed that to happen, so it will bring a lot of things back i think it will be great for the united states. i think it will be hopefully really good for china, too it will be good for everybody. yeah [ inaudible question ] >> we have things. we have things we're talking intellectual property protection and theft. talking about certain tariffs and it's very important that certain elements of the tariff is in discussion right now we have a number of things and we've also agreed to far more than we have left to agree to, and in fact, i would say, i think i can say that some of the toughest things have been agreed to we have some things that are actually easier right now that we're doing, but it's a very, very using a word that i don't like using too often and it's a

very, very comprehensive deal and very complete. discuss everything we talk about everything when we first started and people said you'll never talk about a vast array of elements every one of them is not only talked about, but highly negotiated and whether it's our farmers or our technology people, all of them will be really happy, and i think china's going to be very happy, too. [ inaudible question ] >> what would you like to see happen with tariffs? >> i don't want to say that to you, but i will be discussing with the vice premier in fife minute, as soon as you leave, and just a lot of good things are happening. a lot of great things are happening. what is important is the relationship with china is very strong, probably the strongest its ever been in a sense and yet we're negotiating a strong deal, but i think our relationship is at a point at about the highest

it's been and that's not a bad thing. that's a very good thing [ inaudible question ] >> yes >> do you plan to remove all tariffs? >> when you say negotiation, he's a very tough negotiator and so is president xi it is so nice when i see the fentanyl we lost 77,000 people due to fentanyl, and that was a very important thing, and i really appreciate it and this is before the deal is done this is something that china is doing before the deal is done. i think you will see a big impact and a tremendous impact yes, ma'am >> what kind of benefit will it bring for both countries >> say it again. >> if there is a deal, what kind of benefit will it bring for both countries >> i think it will be great for chinaa in that china will continue to trade with the united states. otherwise it would be tough for us to allow that to happen and

china is by far our biggest trading partner and they're a tremendous trading partner in the other way, too from our standpoint a standpoint and it will be a great deal with china and we'll continue to have a relationship in terms of trade otherwise it would be very tough to do that in a large way, as we have in the past because it was a very one-sided, one-sided thing from our standpoint we love dealing with them. they have certain products that are tremendous they have certain pricing advantages that we take advantage of a lot of advantages and i think just the relationships between the two countries are very strong and that's an important element of what we're doing, having that and maintaining the great relationship which perhaps we would maintain that and this will be a really terrific, a very unique deal and this is an epic deal, historic if it happens. we'll see what happens

>> are you sending herman cain >> i recommended herman cain he's a very terrific man, a terrific person. he's a friend of mine. i have recommended him highly for the fed. i told my folks that that's the man and he's doing some pre-checking now, and i find he'll be in great shape. i find him to be an outstanding person, a truly outstanding individual, and i would think he would do very well there yes? >> mr. president, is there still an imminent threat of you potentially closing the border >> you know, mexico has been -- has been doing a very good job the last three or four days since we talked about closing the border which is very real, but what's more real is the tariffs on the cars coming in and a 25% tariff on the cars coming in. mexico, prior to my becoming president took close to 30% of

the car business that's a lot that's a big, big chunk and they did that under nafta, and i for years have been talking about it i think nafta is one of the worst deals ever made and maybe the worst and mexico took a big chunk of our car business which i don't like and i've spoken about it long and hard, long before i became president when i was a civilian, so to speak, and i will say this, that mexico, the last four days has really done a great job on their southern border with honduras, with guatemala, with el salvador, of grabbing and taking and bringing people back to their countries because they're not going to come to our country. we're not going to allow it. what's happened on our southern border is a disgrace, and mexico has brought people back. they've told people you can't come in and that's happened --

and they've done, as i understand it, over a thousand today. over a thousand people yesterday. over a thousand people the day before before that, they never did anything so if we don't, and they have the strongest immigration laws as strongest as they are anywhere in the world, they can do it if they want to do it. they've never wanted to do it for many, many years we told them if you don't do that, we'll close the border and before that, we'll put tariffs on the cars. i don't think we'll ever have to close the border the penalty of tariffs on the cars coming into the united states from mexico at 25% will be massive [ inaudible question ] >> no. i didn't say that. we would start with the tariffs and we'll see what happens, but they are removing people out of mexico and the way up to the united states, if you take a look you'll see a big difference maybe by the end of this news conference, maybe tomorrow that will stop and if that stops that

will be a tariff deal. i'm one of the people that really like tariffs. >> yeah. >> this year -- do you and china relation, what is your command on this deal >> you really have to speak louder >> what? >> louder. sorry. sorry. this year the max of u.s. and china relations. >> yes >> what's your command on this deal and the process >> the 40th anniversary of u.s.-china relations >> my comment is 40, it's a lot, but not that much. again, i can say what i've already said the relationship is strong we hope it's going to get stronger i think we can do a lot of things militarily also for instance, they're making a

lot of weapons tremendous weapons and so are we we just had their 116,000 approved for the military and we'll possibly do more this year and between russia, china and us, we're all making hundreds of billions worth of weapons including nuclear which is ridiculous and i would say that china will come along and russia will come along. it doesn't make sense we're all doing this i think we have to be the leader and we'll always be the leader and i think it's much bet per we got together and we didn't make these weapons and i think that's something that could be a phase two after this is done, but as you know, china's spending a lot of money on military and so are we so is russia, and those three countries, i think, can come together and stop the spending and spend on things that maybe are more productive toward long term peace

i don't know i'm speaking out of turn we haven't discussed this very much, but i feel like the military expenditure of you, of russia, us, it's a lot a lot of money could be put in other things would you like to respond to that >> it is a very good idea. >> i think so. [ inoddible question ] >> mr. president, the summit with president xi, are you committed to that happening and when will that happen? >> well, if we have a deal there will be a summit i would say we'll know over the next beak. that's correct, bob, wouldn't you say? >> yes >> it would be here and if we have a deal then we have a summit if we don't have a deal we will not have a summit and there is a good chance that we will have a summit one more jeff, you have one >> i'd like to follow up on the sticking points, mr. president is enforcement one of the big ones >> yeah, it is enforcement.

we have to make sure there's enforcement and i think we have to get that done and discussed it at length and we'll have to get that done. so just to finish, the deal is coming along very well we'll probable p/e know over the last two weeks and it may take two weeks after that, and i will say over the short period of time you're going to know and a lot of good things have been negotiated and agreed to and i said it and i'll say it again. a lot of difficult points and points that we didn't think we would ever do or we wouldn't agree to on both sides have been agreed to. we have negotiated out the tougher points and -- but we have some ways to go, and i think we have a very good chance of getting there i want to thank everybody for being here and in particular i want to thank the vice premier and his entire group of very, very talented representatives.

thank you very much. thank you. thank you, everybody [ inaudible question ] >> we'll take a look at it i'll look at it. [ inch audible question ] >> i think there's truth to that what did you say said that [ inaudible >> no, who said it >> malaysia. >> well, i think it's true i think the word global responsibility, those are two nice words and frankly, maybe we do have a global responsibility between the united states and china i think it's actually --

it's well brought up it's true. i think we do have a responsibility to the world, both countries and i think that's maybe to a certain extent that's a big reason why we're here this will be a tremendous thing for the world. forget about china this will be a tremendous thing for the world if we get it done. let's see what happens thank you all very much. thank you. [ inaudible question ] none whatsoever. he's highly respected and a good friend of mine and hope he does well, but herman cain. >> if you are just joining us, welcome to "fast money." we are listening to president trump where the u.s. and china stand on trade talks after meeting with the vice premier and let's get to eamon javers who was in the meeting room. >> a couple of thoughts right off the bat. one, the president is not committing to a summit with xi

jinping. turns out he doesn't announce that he said maybe four more weeks of negotiations here and maybe two more weeks after that to get the deal papered, as he said, before there is a summit with xi jinping if they get to a deal and it would be the best deal ever and it would be a terrific deal and things are going very well and i was in the oval office with the run-up to this and in that run-up, the president went around the room and talked to each of his advisors including the peter navarro, and the trade adviser, both made comments in the oval office that were substantially more descent cal than the president's remarks were. >> navarro selled that the end of a mare lot still left to

agreed to. the vaeders that were ahead on a totally sticking tone. >> he brought up two he said one was intellectual prospectory and the idea of the chinese dealing american ip and ultimately tariffs and those are the core things of this negotiation and two things and it gives you a sense that there is still a lot to achieve here the president said the talks are going well and hu sitting right behind him and to his right seemed optimistic and buoyant at times and a friendly smile on his face so this is an administration that feels like thicngs are goin well and careful toe suggest we're not there yet. >> was there any talk of any enforcement mechanism and i would think that would be a major sticking point, we're see

being a turn in the chinese data and i don't know if they have a center to give in or some of the points he did not exactly say what the problem there is, and i imagine that's one of a long list of issues that are still unresolved and not clear exactly how fast this can all happen. the president suggesting four weeks and that's a much different timetable than a lot of people in this town had suspected earlier today when they thought the president might be on the verge of a summit with xi jinping and obviously that's not happening and these negotiations continue throughout the rest of the week tomorrow and we'll see where we go from there, but the president clear to suggest that things are still going very well. he's pleased with where things stand right now. >> eamon, thank you. jamon javers joining us from the white house. how much is priced in with this market how do we react? how does the market react, guy

to these headlines which continue to be positive and they lack in specifics? >> i mean, my answer a couple of weeks would have been the market will sell off. now the market has become so desensitized i think maybe it sells off a few handles in the s&p it's sort of full speed ahead. i think it's been full speed ahead because of the rhetoric of the federal reserve. i think you asked the right question to eamon. i said last night, i don't think the chinese given the fact that the markets are raging back and that data has been better and i don't think they're all that incentivized to do a deal and what we heard sort of backs that statement up. >> if you're chinese he wants to keep the tariffs in place. if you're chinese, you want enforcement and you want the u.s. to checkup on you in 180 days and that is just not characteristic of what the chinese would want with sovereignty. >> i think that's a detail that's obviously critical and i'm not sure that we know that

detail the assumption is they've agreed on what the terms could be, but how it would be monitored is the toughest part and if the monitoring means until we're comfortable. yes. i will still say what china could agreed to, and i think they should take the deal with these types of monitor approaches >> guy brings up the fact that the shanghai composite is up 30%. i don't think it's a determining factor as to whether china takes a deal prematurely or not. i do think when you're assessing the performance of the global markets, when you think about germany and factory orders and what they're specifically putting their finger on it's exports to china and the longer

this stuff drags on is the longer that woe're getting the global economy that's caused the fed to pivot it's caused central banks to become more dovish and i think the longer that goes on and the longer stock markets globally continue to levitate, that creates a very dangerous situation. i want to make one point i love guy adami, you just said and a few weeks ago you said it would be this and now it's a couple of handles in the s&p and that's kind of dangerous because thelevel the level of being complacent. >> i will take my complacency hat off now. >> i feel like we're in a data tit for tat almost because you can point to the reading in europe overnight and you can also say china pmis on sunday were good. >> we're taking one piece of data and it's been a good one and you mentioned it raging back

and they're sensing the possibility of some sort of a deal i think it's a little bit of both i think it's what's start toggle straight us and it's coming down from below to elevate the chinese markets, as well we continue to see everything is short term and everything is a trade and nobody is looking out very far, but for the most part the one trade i had was sher going all of the way out to october. we haven't seen anything like that everything is short term and they're going to the upside expecting more from the chinese markets to the upside. so i think if we get any kind of a deal the chinese markets can rally off of that and i think our markets can rally off of that and not this particular earnings cycle and the next earnings cycle is very, very important because if we get some sort of a deal some time soon, that's when i think we'll start to see some of these earnings start to get levitated up. >> the best thing that happened to china here is on some level the trade war and it forced

their central bank remember our fed pivoted and that's very important, and it was pulling in credit, in short run there is a question and it also -- whatever the market does day to day, isis, relative strength, complacency over in that corner i'm just kidding i don't think it's fare. my point is that i do think that whatever happens at this point, certainly the market's next move could be lower just because what a run we've been on. we're in overbought conditions every place, but that's just tactical and this is all about positioning. >> in u.s. or in china >> i'm talking everywhere. this would be -- i'm talking two to three days if we're talking fast money lingo here. the good news is global central banks are easing and the u.s. economy will grow north of 2% in the second quarter and the imf is up to 2019 and i think the

european data has bottomed. >> you know how the fed pivoted and if the u.s. economy rallies at the fed, then get more active the same could be true for china then, if we get a trade deal and the chinese economy starts to pick up, do they take the pedal off the medal in terms of the stimulus and is that a better situation? how does that change the environment for investors some something like an azure or fxi or what not? >> think tim can speak to what the chinese can do my sense is they'd let things accelerate for the foreseeable future and the next question is would that force my fed's hands, probably not as well, but there are certain points, there are consequences and clearly, it has rnts manifested in term of the stock market. >> they've had issues with their friend and i think do it will any -- 3200 on the shanghai and

it's important for global risk. >> i'm invested in the mega-caps. i'm invested in alibaba and ten cent a little bit of baidu and i own em and i own some options in the space that actually somewhere in here, to be tactical with some part of that, i think, you know, you take a couple of chips off the table, but my view is it's going higher. >> coming up, tesla in turmoil and elon musk faces off with the sec and shares of the stock tanked today after big deliveries missed after the electric vehicle maker and we'll give you the latest details and mark sprukerberg is speaking about the importance of social media. is his apology tour working on wall street, plus the new ipo that sense shares soaring. we are life in times square on "fast money" right after this. a business owner always goes beyond what people expect.

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>> welcome back to "fast money." a tough day for tesla. ceo elon musk is going head to head with the sec in court let's get to phil lebeau for all of the details hey, phil. >> melissa, while it may have been a rough day for elon musk in terms of tesla shares and how they were beaten down in q1 deliveries and this appearance in court went about as well as could be expected for him. short of being held in contempt of court, it was pretty clear in the course of an hour and a half that the judge was zeroing in on the question of whether or not the agreement between the sec, elon musk and tesla when it comes to overseeing and approving his financial

communications, his tweets if it was too vague and as a result, that's something that should be worked out between the two parties. so at the end of the hour and a half judge nathan said three words. work this out and then she ordered the attorneys for the sec, the attorneys for elon musk to spend two weeks and get together at least for one hour during the two weeks and see if they can modify the sec agreement with elon musk when it comes to his financial communications and again, he has to respond or their attorneys have to respond within two weeks about whether or not they can work out a modification of that agreement. here's elon musk talking with us as he left court today >> very impressed with the judge nathan he is an outstanding representative of the judiciary. it was excellent. >> do you think you can work this out with the sec over the next two weeks >> most likely >> i'm sure they will probably

work something out >> melissa, one last thing, i was in court and sitting in the jury box and it allows you to have a chance to see everybody, the plaintiffs, the lawyers and see their faces as opposed to sitting in the back with the rest of the people who were in the courtroom and elon musk was engaged throughout this entire hearing, but as it was clear the judge was not going to find him in contempt of court, at least not today, you could see his demeanor starting to improve as the hearing went on. so again, we'll find out within the next two weeks whether or not they can work out some modification to the policy of how tesla will monitor and approve his financial communications >> does musk have to be in those -- in that meeting in that mandatory, at least one-hour meeting? i'm just wondering because in walking into the courthouse, phil, i think you got the best soundbite of elon musk it's not a sound bite because he didn't really say anything, really and someone asked him if

he respected the -- and he just grimaced classic elon musk, grimaced. >> and the legal counsel for the sec and the lawyers for elon musk and i would be surprised if he would be required to be in those meetings and we went in today, and people were saying will they strip him of the ceo job and find him in contempt of court? and it was very clear early on that the judge really does not want to go down the contempt of court route. she believes that they can work this out >> all right phil, thank you. phil lebeau in lower manhattan in front of the courthouse by the way, just monitoring his twitter feed, nothing for 20 hours so maybe he'll stay off it until something is worked out. where do we go with tesla? we saw more than 8% decline on the delivery numbers and the concern was the massive shortfall and the deliveries that could mean a whole lot of things and maybe underlying demand is not there and the federal tax credit is impacting

there and maybe there's cannibalization because of the model 3 and everybody is talking about the competition starting to catch up and it depends on who you want to listen to right now and are you talking about tesla, or tesla the technology company. that's really what it comes down to and we had katherine wood not too many weeks ago laying out all of the reasons because of data that's been saved and all of the rest of the technology side of what tesla is. so it really does depend, mel. this was a terrible number that they reported. absolutely terrible. no doubt about it. down 31% and that's awful. worst in history that's awful so that is something that i think they'll have to grapple with, and i think we'll still see this push and pull on where tesla goes do they run the "barron's" of the world? are they right their 200 is the price target. >> it may be a matter of time in terms of who is right on that front. >> i don't know what ron barron is seeing and i'll be very clear on that.

he said they have sufficient cash to continue what does that mean? for a company that was cash strapped they now actually have contraction in growth. they've got 11 billion in debt, 3.6 billion in nonrecourse debt and they've got essentially a company that have almost a $5 billion obligation to panasonic and they have suppliers that haven't been paid. i don't understand how anything about this, i mean, forget tech company and why haven't they raised money to me is the bigger issue and i -- i think it's just a matter of time. >> interestingly enough i heard an interview you had earlier today for some reason now a lot of analysts and investors are contemplating what this looks like with a different ceo. i heard one investor say why don't they get a mark fields he's sitting on the sideline i have to think sooner or later, and i know this hearing went well tonight and that's got to be a distinct possibility and i heard max on the network earlier today talking about what a

genius he is and whatever. don't you think at some point he just wants to go do space and let these humans do electric vehicles here on earth i think there is a distinct possibility and he's chairma and not ceo and he's focused on spacex >> sec makes a great scapegoat, too. i really do. >> if he's found not in contempt or they hammer this out in some way and he's not forced to relinquish the ceo role and then he turns around and says i will step aside and be chairman or chief creative whatever you want to call me and let someone on the operations side to be ceo >> i think it would be bullish. >> that didn't come to fruition and this might be one of the reasons and dan gives it to me on almost a nightly basis and the other day i thought tesla would break through the trend line and it stopped dead there, so what does it mean now

well, look at the lows in october and look at the lows back in last april which comes in around 248 to 250 it seems that's where it wants to trade >> let's see what a technician has to say >> a real one? >> he's in the corner over there. our next guest says tesla shareholders may be in for even more pain. let's go off the charts to todd gordon he's over at the plasma. >> what guy said no just kidding first before we get to the level that guy correctly identified. let's look at the chart of tesla and i would go with the dow theory which says that markets, complete phases unfold in three particular trend efforts and the early ones right there, that's number one and a big breakout here and the second and this is the third, and i believe final push before we get a significant correction looking at the relative strength index and rsi and all it does is measure rate of change and

momentum get price moving up and at the decreasing rate of change and what you will see is the relative strength index and the high momentum brokeout and ever since we've been pressing out with the $400 region and lots of loss of momentum and so not confirming this higher price that's long term, get down to the daily chart here as guy said, and for the bad news in the stock, and the news cycle, you think we should be through support and we're not yet there. i hold tesla and i have a half position in my portfolio and not happy about it if we were to break this 250 mark as guy mentioned i will bail and i think a lot of other people will come in and start selling. interestingly, on the options market on the put side the 250 strike that expires in april and the monthlies and that's the biggest open interest and i wonder if that's going to be a target and again, below there and this chart is in contempt of the uptrend. >> todd, so would you say that

right now it looks like this is the kind of stock that you can trade within the range >> and the r to r, the reward to risk is so small the prevailing sentiment is so bearish that support has aren't been broken and that kind of tells you something. what would that cost you five or eight bucks to get a retest of the old high what is that that's a 20, 30, 40 to 1 risk reward ratio and that's a good trade. >> today, thank you. todd gordon trading and pete, what's the volatility look like? >> you know what it's elevated a little bit we've seen a couple of individual stocks even though we've watched volatility itself and there are stocks, this one, boeing some of the names where you still see implied volatility higher and that's the only way, and the best way to play tesla and i've said that forever it's a volatile stock and it can

take your knees out at any moment in time and if you have an options call spread if you're looking for the upside if you can hold support where it is right now and maybe have some upside and give the way upside and that's exactly what i have written out. >> people who watch will think you're short >> i'm short the stock i've been mostly playing it through options. >> the options as opposed to -- >> i'm short the physical stock right now. it's not a massive position. the way to play this is in options and the first quarter, the 10q that comes out in mid-may is i would want to be playing my options with that as an expiration and having said all of that, we talk about this stock and range and risk reward, i think the price has gotten almost meaningless, but i also will just point out the five-year chart on the stock, you've lost money. why be in this trade, you've lost money and if you think about the risk-reward basis, there's volatility for a stock that's done nothing and are you going to get these turns and the statements that come out and some that are real and some that

are not right. i don't think so >> guy, last word? >> it will be interesting to hear what -- to your point what ron barron says. he's probably not watching and he will not sort of take you on and interesting what he has to say based on what we've seen over the last 24 hours and that's the voice i would like to hear again >> still ahead, snap shares more than doubling this year as the company tries to turn itself around and ceo evan spiegel just unveiled something that could be a game changer for investors we have the details. plus we'll hear from the ceo more right after this. the latest innovation from xfinity

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a get your questions answered by awesome experts store. it's a now there's one store that connects your life like never before store. the xfinity store is here. and it's simple, easy, awesome. welcome back to "fast money. shares of snap rallying on announcements of the first-ever partner summit this as the stock has doubled this year. julia boorstin is at the snap summit with the details. hi, julia. >> hey, melissa. that's right here evan spiegel talking about how he wants to expand snap and make it a bigger part of his user's lives with new tools and new partnerships to help keep its users hooked, but also help grow ad dollars. perhaps the biggest move to grow time spent on snap chat, a new

game service and it will be free with six-second ads opening up a revenue stream it's making a big move to integrate with other apps to apps like tinder and you'll be able to share the shows you're watching from netflix back to snap and snap announced there is an app network to bring its ads into other apps. >> the snap chat camera changes how we see, how we speak, how we shop, how we tell stories and so much more. >> snap also snapping up its augmented reality lenses to stay ahead of facebook and instagram which have cop ed them now snap's offering the ability to track hand, bodies and even pets and has lenses for landmarks like the eiffel tower. spiegel stressing how different snap is from facebook with its focus protecting user data and privacy. this comes as facebook ceo mark

zuckerberg defended facebook's progress after so many scandals saying in an interview on abc that he's confident that they'll be able to prevent manipulation of the 2020 election he also reiterated that they want to be regulated particularly when it comes to political ads. >> how do you think setting the rules of advertising is not a company's job? at this point they're not updated to the modern threats that we face we need new rules. >> now just today guggenheim upgraded facebook shares from neutral to buy invests on will care a lot less about these privacy issues, just becoming more comfortable with them. >> julia boorstin joining us from west hollywood. snap is making a bunch of changes to keep people on the app which is always important in terms of engaging people at this point, would you rather? >> oh, i like this game >> easy for you? snap it's probably a pretty easy one.

snap at this point facebook, despite the horrible sentiment the stock acts amazing and breaking out above 180, and i think you get the most bang for your buck in snap right now because yeah, the stock's up 100% and i think this advertising continues on the platform and it is so unique and the ad dollars will keep going that way despite the losses that they have. >> to me it would be facebook that may sound like a shock to people and i'm not that impressed with anything that's going on in snap in terms of the growth and the overall size of the business relative to where they were and the opportunities that they had and the multiple that it trades at. i think i would take issue with the privacy issues that they're becoming less important and i think they're becoming more important and they're more in tune with this. >> investors have grown more comfortable surrounding the privacy issues is the point that the analyst is making. >> at some point the product itself has to be something the people are comfortable using and talking about the instagram dinalic yesterday.

that's very bullish and it's probably a different way they could be targeting ads and offering people a privacy experience. >> i know you like those lenses, guy. >>. >> back in the green room. typically on fridays after i watch o.a., and i wear those lenses and it makes it a crazy show it's fantastic that being said, if you're asking me to play the game >> sure. >> play the game ask yourself and i'll tell you why -- a little crazy, rooity the stock was up 24% after they reported a remarkable quarter for them, i don't think people -- i don't think people will be fooled the second time which means i think they will continue to buy the stock into the earnings release on the 23rd they made improvements to the android side of this business for people to usa that device which i think will help and it continues to rally in the earnings release. >> it would be too easy for me to ask pete najarian snap or facebook >> would you rather facebook,

snap or twitter? >> ooh >> i'm going to go with facebook and the reason is they've got these different verticals. i own facebook and i had the calls and i actually got out today out of calls that we've seen for unusual activity, but i will tell you this, instagram. when you talk about the verticals. that is the growth mechanism right now. and facebook, as much as everybody said they're leaving it and they're concerned about the privacy issues and everything else. they're not leaving and the user and the engagement is still there and that's why the stock is trading the way it is. >> there is a new way to trade that stock that could send shares soaring in the next week. we've got the details and plus, check out the cramer cam and there is jim sitting down with the nslliocoteatn ceo in an exclusive interview and we'll give you a sneak peek of that when "fast money" returns.

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carbon capture is important technology - and experts agree. that's why we're working on ways to improve it. so plants... can be a little more... like plants. ♪ >> welcome back to "fast money." co constellation brand, the company shifts its focus to beer and pot to appeal to a younger audience. bill neimans spoke to jim kram tore discuss the cannabis craze. >> it is on a run of 5 to $6

billion in players and canopy is the leading player in the market if you think about canada alone you will have a great opportunity and then you weigh in new form tactors and things like beverage and other edibles. we think the sky's the limit this is going to be a big business >> all right so in the past constellation didn't do so well when it took down guidance and they weren't sure when that investment would pay off. now it might. >> i don't think canada is really what they're thinking about here entirely. it was obviously the first move to make and it was the federal move to make and the right move to make and it's well led and i think the relationship between these two companies both which are kind of pioneers in their respective spaces that seem to be coming together beer sales are dying -- >> slowing. >> they're slowing and if you look at where expectations are with the company, i think you priced in a lot of negativity and they came in ahead of expectations at 184 a share and

on a relative basis this say good number and they're thinking about the world and this is a company that effectively has consolidated the beer business around the world and that's how they see cannabis and it's a global industry and it's happening everywhere right now and they're the biggest player. >> i think they're progressively getting that aggressiveness in terms of the global play and they have all of these different areas where they have the verticals that can grow. i think they're doing the right thing and they were impacted early and now you're starting to see a little bit more of a lift with the potential for the future so because of that, this is a very inexpensive stock, too. let's be honest. when you look at it, constellation is very, very cheap, too >> good quarter. it surprised a lot of people 20 times forward earnings and can it make a push back toward 200 when it broke down this was a good quarter and i don't think it was a great quarter. i think it would surprise a lot of people. >> be sure to catch the full, exclusive interview with jim cramer and the constellation ceo. that's tonight on "mad money" at

the top of the hour. coming up next lyft options begin trading today and we'll tell you what the market is implying of the stock as it makes a round-trip ride right back to its ipo price. we are live at the ndaq asin times square much more "fast money" still ahead. measure up?

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>> welcome back to "fast money," lyft making a ride closing at $72 a share and they began trading for the first time today. dan nathan is at the plasma to tell you about a very special options action >> very special, mel if you think back over last five years when we've had big tech ipos, this is the shortest distance between ipo and when options were listed and i know a lot of investors were really looking at this because the stock has been a bit volatile since that friday pricing, but i think it's really important to think about how to trade options around a new issue like this especially one where it's pretty controversial, i think there are a few things you'll want to be cognizant of if you're thinking about buying calls or puts or selling them for that matter, too, and out of the gate there will be light volume and they were just listed and market makers are getting their feet wet a little bit and making markets and because of the illiquidity and you'll have

wide bid-ask if you're going in there to buy an option and you will sell an option and you'll be hitting a bid most likely and make trading pretty expensive especially in illiquid markets and the last point i'll make right now as market makers are getting their feel for this thing because of some of those other dynamics i just mentioned, options are going to be expensive in terms before there's trading history and there are technical components that are also making them kind of expensive here. so that's that, today, first day. call volume is two times that of puts which i thought was pretty interesting. oftentimes you'll see puts more active and because that borrow the puts in an interesting dynamic and they're more expensive than calls that should alleviate over some period of time i just want to go here and let's use options to kind of price how much option traders are expecting things to move let's look at april 12th

when the stock is 72, that would be the april 12th next friday 72 call and the 72 put and you put it together and it will cost you 420 and now and the april 12th close and that is 6% you would need a move to 76.20 if you thought the stock would go up and down to 67.80 to make money on the close of next friday one last point here. let's look at the price action in this stock. obviously, it was priced at 72 and the ipo and it opened up at 87 and look at the volume. the volume's been declining and about two days ago, the stock opened low and closed higher and today open on the lows and closing the highs and back in the price here the volume has been declining the whole way and maybe it's trying to find support here and 25 days after the ipo and underwriters can initiate on research coverage and that's something to keep an eye on as we get later in the month and i would expect this

company to report the diverse quarter out of the gate in mid-may and those are potentially positive catalysts going forward. >> in terms of the trading history of the stock would you use those implied moves as the guidance and because the trading history is so short, do you think it's not a good indicator >> dan brings up the most important point and the bid ask and they're incredibly wide. it makes it much more dangerous to be right and even when you're right it might be wrong. i think the volume impressed me. we talked about 30,000 options trading in there today and i think for that reason you have to keep an eye on this >> we'll leave dan at the plasma for more options aioctn check out tomorrow at 5:30 p.m. eastern time up, inext, final trade. ath. ooh. so, why don't traders have coaches?

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i'm off to college. i'm worried about my parents' retirement. don't worry. voya helps them to and through retirement... dealing with today's expenses ...while helping plan, invest and protect for the future. so they'll be okay? i think they'll be fine. voya. helping you to and through retirement. >> time trade time, pete. >> china's going higher. jd is the way to play it giddy up. >> tim >> nice to see these guys back above water and i'm staying in the trade. >> dan >> the analysts kind of come back and evaluate what was going on here and they'll like it and it has more upside momentum. >> guy >> although he had a rough home opener today, i believe the

stock named after him thor industries is on the verge of breaking out so i would say tho, melissa. >> sounds like a yankee fan that's disgruntled with his own start. >> that does it for us and see you tomorrow at 5:00 "mad money" with jim cramer starts right now my mission is simple, to make you money i'm here to level the playing field for all investors. there is always a bull market somewhere, and i promise to help you find it. "mad money" starts now hey, i'm cramer! welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to make you some money. my job is not just to entertain, but to educate, teach, putting it in context. call me at 1-800-743-cnbc or tweet me @jimcramer. you blink, you blink during this move, you might miss the whole shooting match i'm talking about this rotation into the industrials and the