therefore you need to see the long-term operates going up in a more sustainable way additionally you've got this issue if the operates goes up too much, it's a problem for oil. we don't want oil to get out of control here because the cure for high oil prices is high oil prices >> we're out of time paul sankey great to see you that does it for us. >> "fast money" begins right now. >> "fast money" starts right now, live from the nasdaq market site it is the ipo aftermath, it's been a mixed bag for some of the largest public debuts as those stocks get off to the races and the trader also tell you which ipos are hot and not facebook, twitter snap on deck for earnings roger mcnamee will be here to explain. first we start off with energy catching fire. the sector is 2% today, leading as oil rises to a six-month

high president trump wants to end sanction waivers and the group of stocks now up a whopping 27% from december lows so two-part question >> multiple choice >> will energy help fuel the market rally and at what point do rising oil prices add headwind to the markets? >> can i call a friend >> you want a lifeline >> could the energy market fuel the broader market rally in my answer to that is no, i don't think so oil is going up for the wrong reasons, not the right reasons it's going up for geopolitical risk and maybe some supply issues it's not going up for demand because the global economy is strengthening and doing withal so if that were the case i'd say it could fuel the rest of the market number two, at a certain point, it is problematic. i don't think we're there yet. i think you need crude oil closer to $80 than $65 that's when i would get concerned but how to play it, i still think exxonmobil is on the verge of breaking out of a

four-year downtrend from the middle of 2015, it closed above 85 and exxonmobil you're off to the races and we mentioned this a few weeks ago. philip 66 psx reports the end of this month, ridiculously cheap valuation, tremendous earnings growth and a levered play. i would be there as well >> i guess people who are bullish the markets at this point will trot out the correlation the historical correlation that rising oil prices are typically good for equity prices. they usually correlate, because it's an indicator that economic growth is, you know, on the upswing. >> right, to guy's point -- >> plus the battery. >> this is supply driven, not a demand driven rally. it's been a supply driven rally most of the year we talked about oil for a while, no matter what badnews came ou there, oil just had a bid. it had a bid all the way up here, had a tremendous run now it looks like it's going to do one of these tail end parabolics $80 on wti is probably the number, where the market starts

to get worried about it, if you say listen, $20, $30 oil was a tax cut for the consumer, this has to be a tax hike for the consumer >> it's not good if it starts moving into the 85, 90 range you get big capex good for the market but not the consumer and the sad reality for energy stocks is after a move like this in crude they are still underperforming the market and the things that are cyclical, schlumberger, and xle and the market there's an issue and it's also too small now. if you're a growth manager, it's 1% of your benchmark if you're tied to the russell 1000 growth. that doesn't work. >> even if it's a good thing for the earnings of energy companies overall it doesn't have the same impact as it once did because of percent of energy in the s&p is lower. >> we have a chart, it's at its lowest ratio of the percent of s&p as it was back in 2000

cisco is worth more than any other company in the world and energy at 5% will we have an epic buy we got price discovery from the apache, down 50% from its all-time high. why would they let themselves go at 50% off their former peak it tells you this is like big steel, big oil, coal, it's not ever going to come back. >> carter, you mentioned the drillers and while they had a bounce off the december lows they're 35%, 40% from the 52-week highs. 60% from the five-year all-time highs and levered psx, that can't get out of its own way crude is higher and stuck in this range it's massively underperformed the s&p, many of its peers, and crude, so to me, i actually look at the large integrated are doing all the heavy lifting here and they seem correlated to oil. one other point, the dixie, the dollar index has been in this range now for what feels like a year and feels like sooner or

later, it's about to break out when that happens, who the heck knows what will happen to oil. this feels like a precarious movement >> i think the two threats for me to this market are a strong dollar and strong oil, and they can happen together. you don't have to have a weak dollar to have strong oil, particularly when strong oil is supply driven or supply cut driven so i think the market at these levels, we're up 23%, from the december lows, it just is a very high wire act now those two things happening >> the overall market reaction to this spike today in the price of oil wasn't too much it wasn't such a severe reaction i talked to john kildoff, we crossed paths. >> in the hallway between the four shows you did today >> between the first two but anyway, i asked what are the chances iran closes the strait of hormuz? that would be a meaningful spike in terms of the price of oil he said zero percent right now, which is good news because people would look at iran and withdraw any support they might

have from europe would be gone if they did that he said the greatest risk is if iran launched attack on one of our naval ships, in which case that's a 25% to 30% chance and that would send oil prices to 100 like that. >> and that would happen to the broader markets? go back to the beginning question >> right >> that's not particularly bullish for equity markets i wouldn't think the reasons why crude oil is going higher to me, the market's done extraordinarily well but i wouldn't attribute it to energy strength or commodity strength in the aggregate i think it's got a lot more to do with central banks being extraordinarily accommodative and completely going 180 since october. with that said, dan brings up a fair point i give credit where credit is due. i power pitched to the smartboard >> fast pitch. >> it was in the foul and i power pitched valero and dan it was 89 i think and dan laughed at me, as is his want to do from time to time >> at you or in general.

>> i think it was at me. i mention it because to his point, valero is still 90 bucks. so he's been spot-on the stocks haven't moved that much they had a nice bounce off the bottom i think there's a blow off top to bk's point about the commodity, the same thing could happen in the equities >> i think now that we've kind of if you look at xop, it looks like it's broken out of range. these things are down from their all-time high. if you get some blow off here in oil, these things will catch a bid. so you could play it via xop or go way out on the risk spectrum and go r.i.g., might be another way to play it >> are you surprised how little they moved >> yes >> maybe they're about to or can't. >> right the move, the play has been just buy oil. that has been the play, that's the easiest way to do it, but here we are now. what do you do i think you can buy a breakout in some of these oil names >> carter says the energy rally is about to cool off but there's still opportunity in this space.

head over to the plasma and explain. >> first the facts, a chart that just shows two lines that are going down, this is over the past seven, eight years. what we know, of course, is that the s&p is like this, way up here, up 100%, and what we've got is this circumstance here, which is of course energy, dominated by the entire sector, two stocks 40% chevron and exxon, and then you've got this, which is where the beta is largely schlumberger and haliburton if i did that same chart in reserve, i held the xle constant to expose how bad the relative performance of the cyclical area of the market is i would want to see some stabilization in this to suggest and that's like xop, there's going to be a risk on appetite

for energy, and it's not really happening. in terms of stocks that i do like, this is what may be the most defensive of all, right, kmi, the eighth largest stock in the sector, it's the largest nat gas network. largest independent transporter of carbon dioxide, terminal operator 70,000 miles of pipeline, and what i see is the following. we've got a nice double bottom you'd have to say that now the bear would say it's going to be a double top but what i think it really is, is that we've returned to the high. we've consolidated well, and then the setup here after, not failing, is to then go higher. i think that's quite good and finally exxon, does this work or is it just going to be fail at the line, fail at the line, fail at the line, fail at the line, fail at the line, and here we are at the line.

>> lots of down arrows carter come on back, for the rest of the show, after all. >> i noticed math is fun math is a fun thing. this is 75% of options actions tonight, but it's 60% of fast -- you see what i'm doing >> right, like a ven diagram that is fun. that was a great segment >> exxon reports friday. >> yes, and i do think they're going to break in, carter's right, a four-year down trend. we talked about it at the top of the show statistically it makes sense it will fail again. it failed the last four years. we're in an environment now where people might think it will break out through 85 i think you get the stock up to 90 bucks >> you want a little math? >> yes, math it out. >> 83 call this week >> sorry, we got to interrupt. i believe we have breaking news. yes, elizabeth holmes is leaving court in san jose. the judge proposing july 8th as the start of the trial, holmes'

lawyer asked for a one-year extension but was denied the founder and former ceo of theranos is charged with fraud, misleading investors and doctors regarding the capabilities of the blood testing technology many of the counts include wire fraud, they're alleging she used fraud to get investors to wire her money so that is one technical reason how they can convict her. jail time is a possibility for elizabeth holmes, but again, this trial start date will be july 8th and this is the case that turned silicon valley on its head really made it look intro spectively at the vetting process and how we vet and believe these founders >> i think a lot of it had to do with the fact this was a board that was absolutely stacked. i think people were vetting the board, the people around them, and there wasn't a lot of great work being done. i think what's really important at this stage of the game there was outright fraud at this point. they were sending out fraudulent

financials what it sounds like people were invested there and that is the claim here and i think a lot of people settled those initial cases when the sec brought them that the civil stuff is where they hope she gets her due >> fraudulent data investment work >> exactly >> to your point about silicon valley there is something where people are chasing aftergrowth right, low yield environment you can blame the fed, whoever you want to blame for that people were simply just chasing after this growth and all of a sudden it became here is a company all they're doing is growth you see it from silicon valley the companies become public all that matters is about growth, everybody ignores the bottom line, and sometimes these are the things that happened when you get that expanding bubble like we've had in silicon valley >> there are a number of notable silicon valley investors invested in theranos, really the blame doesn't lie any one party's feet, the board of directors, theoretically were aware of what was going on or maybe not aware of what was going on at the company, but many areas including henry

kissinger, george schultz. >> kavasovic, wells fargo, excuse me, and in terms of major investors, tim draper comes to mind, and he was one of them as well >> yes, and if you look at the life cycle of this company, it's possible in the beginning, a lot of silicon valley is fake it 'til you make it and this may be one of those situations where it was wait, we didn't really reach our goals but we just got to keep going on, and there's a very fine line we'll find out in the court case exactly who is liable but you have a lot of prominent investors that kind of you almost have to take that leap of faith. tim draper talks about it, you take that leap of faith on a team, on a product, and sometimes they just don't work out. >> in case you're wondering, this is a live short of the courthouse we had been waiting for elizabeth holmes to walk out here the news here is the trial date had been set, the lawyers were seeking a one-year extension at this point it is set for july 8th, that should be a very interesting trial, which we'll be sure to cover

we'll take a quick break here. coming up, tesla's ceo elon musk speaking at the autonomy investor day we'll bring you the latest details next plus some of the biggest ipos of the year are off to the races and the trader also tell you which names they think will have more room to run. later the social stocks on deck, roger mcnamee has a warning for shareholders much more "fast money" rht tethisig now i'm thinking...i'd like to retire early. let's talk about this when we meet next week.

edward jones came to manage a trillion dollars in assets under care by focusing our mind on whatever's on yours.

woi felt completely helpless. trashed online, my entire career and business were in jeopardy. i called reputation defender. they were able to restore my good name. if you're under attack, i recommend calling reputation defender. and consider joining their groundbreaking campaign to give every american the right to remove old, inaccurate search results by going to righttobeforgotten.org. vo: if you have search results that are wrong or unfair, call reputation defender at 1-877-492-6705. i can customize each line for each family member? yup. and since it comes with your internet, you can switch wireless carriers, and save hundreds of dollars a year. are you pullin' my leg? nope. you sure you're not pullin' my leg? i think it's your dog. oh it's him. good call. get the data options you need and still save hundreds of dollars... do you guys sell other dogs? now that's simple, easy, awesome.

customize each line by paying for data by the gig or get unlimited. and now get $100 back when you buy a new lg. click, call, or visit a store today. welcome back tesla unveiling the self-driving car program. those aren't the only headlines. the stock down nearly 4% today, closing basically at the lows of the session thanks in part to a board shakeup and exploding model 3 reports in china phil lebeau is in chicago with more >> melissa, elon musk saved his most interesting comments for the end of the session, where he talked about tesla having robo taxis on the road next year. a couple of things stand out as they were talking about the technology with analysts, they are extremely confident they are well ahead of the competition,

way ahead of the competition, in fact, in terms of not only getting these vehicles out on the road, but developing an autonomous ride share service starting next year here is elon musk talking about his vision for tesla's self-driving teslas. >> as we expect to be future complete and self-driving this year, and we expect to be confident enough from our standpoint to say that we think people do not need to touch the wheel, look out of the window, sometimes probably around i don't know, second quarter of next year, and then we start to expect to get regulatory approval at least in some jurisdictions for that towards the end of next year so we did it we're going to do the robo taxi thing, too only criticism and it's a fair one, and sometimes they're not on time, but i get it done >> i don't know if you caught the end of it, but we did it, and i'm sure there are more than a few people who will say no,

you haven't done things on time. we'll talk about that in a bit first we talk about this picture, from a security camera in shanghai on sunday. it appears to show a tesla model s exploding, as if the batteries catch on fire. we should point out, this fire, this explosion, whatever it is, has not been independently verified tesla is sending a team to investigate what has happened with this model s. i should point out, i ran this by a few people who i'm confident understand the battery industry very well, in fact, lithium ion batteries and how they react they found the video interesting, but they were not convinced that everything is 100% accurate here doesn't mean that this was rigged it just means that they have questions about the fire and the video, and remember, as you look at shares of tesla, melissa, the big ones everybody is looking forward to will come on wednesday after the bell, when tesla reports its first quarter

earnings i love looking at how the analysts brought down expectations for the first quarter, it was something like 90 cents per share profit for q1, that was the expectation back in january. it's now down to an expectation of a loss of 99 cents. it shows you how much analysts have brought down their estimates for the first quarter, and melissa, i love to leave with you a good quote. elon musk said if you buy any car other than a tesla in three years, it will be financially insane how insane he said it will be like buying a horse. can't make it up these are the quotes from elon at the end of the press conference >> he's full of nuggets, that's for sure, phil you cover the self-driving, all the different self-driving cars that are out there, that are being developed right now. an interesting point that was raised actually by a bullish analyst that we are speaking to earlier today on "power lunch" joe osha, he has a 3.75 price target, bullish view on the stock. made the point about investing in autonomous and given the cash

constraints of tesla, could they have invested the money necessary to develop what elon musk says it going to come out on the market so shortly >> and that's where the skeptics are jumping in the skeptics today, as he was doing the press conference, they're all over the place they were immediately coming out and saying i don't buy it. i don't think they will have the technology, a, to have fully self-driving vehicles ready by next year,and b, to start a rideshare network that's going to get regulatory approval, and start to make a difference in terms of moving the needle and you brought up a good point earlier today. >> phil, sorry to interrupt. we have to go to elizabeth holmes, i understand she's walking out of the courthouse in san jose right now remember moments ago we learned that the judge is proposing july 8th to start the trial the lawyer had asked for a one-year extension but was denied the founder and former ceo of that row nose is charged from the sec for fraud regarding the

blood testing technology a live glimpse of elizabeth holmes as she walks out of the courtroom. a disappointment on the part of her legal team in terms of not getting that one-year extension, and the trial date being now july 8th, which gives them a few more months here to prepare for this trial, which would be widely watched, of course, everywhere from wall street to silicon valley there are a lot of big name investors, silicon valley investors who were defrauded along with others when it comes to believing holmes, claims that the blood testing technology was there, worked. so elizabeth holmes walking out of this courthouse in san jose you can see the cameras following her around we were speaking to the author of "bad blood" of the "wall street journal" who broke the fraud going on at theranos, elizabeth holmes is newly engaged and walks around with her dog balton san francisco and

seems to have no qualms going on no comment for the cameras the trial date starts july 8th, again. back to tesla now. phil was just wrapping up in terms of the skepticism. i mentioned going in to phil that the stock closed basically at the session lows here we also had a downgrade from evercorps to underperform rating, and also broke down the eps estimates i think for 2020 the eps estimates were reduced by 40% >> tim is steadfast in his belief the sho stock will continue to lower. one of the things we have said given the amount of time it's breached support 250 is now right in the cross-hairs why 250? that was basically the low from october 10th we bounced off of that, that seems where it wants to go how do you trade the stock in personally and cbw might disagree, i'd wait for earnings, you hope they miss entirely and have a flush in the stock, maybe a huge volume day and try to play it for a bounce to do ahead of that i think is

foolish. >> this has been in a range, 375, stops every time at the high this is the third or fourth time it hit the low at 250. looks as though this will be the time it finally breaches the low. i think it's bad action. >> it's up 240 >> i think it breaks for the first time in three years, substantially gives away from the rain it's been in. >> the sentiment is so horrible. >> so bad it's good? >> so bad it's good. how much worse can it be, if people are dropping it down to a sell you've got negative earnings coming out, nobody thinks they'll be able to do anything so to me, a lot of that is already in the stocks so risk/reward at these levels, maybe you do it with an option i'd ask risk reversal about that >> not going two pieces of news that are important to focus on today. here is elon throwing out dates and time lines for some technology that some whiz bang sort of thing. investors don't want to see that, because right now, we are conditioned to say i'm going to take the over of whatever date that he says and then he's kind of pressing up against these

sort of deadlines. it is not a good thing the other thing about the car fires we should stop running the videos i think it's 150,000 car fires a year in the united states. it is not fair so i'm going the opposite way it's not fair that we bring these up about every one that happens for tesla because that's the sort of thing elon should be on twitter saying stop it. >> for more on tesla and what is next, head over to cnbc.com. i'm melissa lee. you're watching "fast money. here is what else coming up. >> staples are surging but kraft heinz has been left in the dust, down nearly 50% from its 52-week high but with a new ceo, could the stock be turning into the ultimate ketchup trade plus -- >> just an experience, social anxiety. >> that's how wall street may be feeling ahead of facebook, snap and twitter earnings this week but the traders tell you who they think could come out on

p. there's much more "fast money" right after this measure up? a cfa charterholder does. you've worked hard to grow your wealth. make sure you're working with a wealth manager who can grow with you. cfa charterholders have the investment expertise to unlock opportunities other advisors might not see. learn what a cfa charterholdr can do for you at therightquestion.org

pinterest, zoom, lyft and le levi's, do they have the "right stuff" ♪ bob pi sasse has the right stats. >> it's turning up roses with one exception. the aftermarket performance of the most recent ipos has been outstanding, the one exception, the ipo market really only opened up when levi strauss went public march 21st. since then most are winners by a big margin the two most recent, pinterest and zoom video up 28% and 72% respecti respectively it's only trading for two days ipos, jumia, pager duty, tufin software, levi strauss up 0%

jumia is the moon shot, up 142% in a week and a half, that's not a typo the lone exception is lyft, still down almost 20% from its $72 ipo price. what happened? first you got a billion dollars in losses with $2 billion in revenue, that was an issue right from the beginning and the pricing, 50% above its last round of funding gave a lot of investors pause. so far, lyft is the outlier, and while that may put some pricing pressure on an uber, uber has to be happy with everything else. the timing couldn't be better. not only are the markets in an upswing the s&p 500 is less than 1% from its historic high. four companies announced terms today, digital gain developer sciplay, beyond meat, transmedics and trevi therapeutics trading next week and the renaissance capital ipo etf is a basket of about 60 of the most recent large ipos is

up 30% this year, one of the top performing etfs in 2019. it doesn't get much better than this for the etf market, cues me, the ipo market back to you. >> bob pisani, thank you with all of the new stocks we thought it would be the perfect time to play a game of -- >> trade it or fade it >> that's right, one of america's favorite games >> wow >> i'm going to let it go. trade it or fade it, pinterest >> trade it. get the ding ding button this is priced seemingly at a reasonable price, they have 60% revenue growth, 250 million users on their way to a billion over the next three to five years, slow and steady wins the race i'm not suggesting they're the next facebook but they might eat into facebook's ad spend i'm in the trade it camp >> me, too absolutely i'm with guy, in a market that people are looking for growth,

you look at some of these names like this. i know it's up a lot but they have a unique internet property here, there's a moat around their business you can trade it >> we've talked about a lot of the names. the stock priced at 19 and opened at 24, it's trading at 25 a few days later, i don't think you have to chase these things i don't think there's any reason to sell it right now either. all the reasons that you guys say it's a buy makes sense >> next is carter braxton worth, zoom, trade it or fade it? >> so i'm a fade it on this one. >> fade it [ buzzer ] >> i use go to meeting all day this is supposed to be a replacement for that go to meeting does the job this is an issue where you've got so much euphoria around so many stocks, when you have this issue and typically there's a message and the message is that people are trying to get their security sold and go public, because they want to get the money in their pocket.

it's a very negative thing >> do you think -- it's a software company and so is there more of an appetite? >> i think there is. i think so to carter's point, the long run, you don't want to be buying from the smart money but stock market today, trading talks about trading it, everybody in the market is looking for growth zoom comes in as a growth company, again, maybe they take over some of go to meeting there's a lot out there. i think you trade this one i'm not fading >> next player is dan. lyft is the stock. trade it or fade it. >> interestingly, bob said this is the only black mark on this whole phase here and obviously the stock is down 15% from its pricing. i think you trade it here and i'll tell you why. they're going to report may 7th earnings and all the banks will initiate in the next week or so and you'll probably get some favorable comparisons to uber. the last point i want to make it bob pisani said about all of these issuance, this is a favorable time for uber to come.

uber will be at twice the value of all these names that we're talking about, put together. when uber comes, it's going to be a very different market for all of these names and that's one of the only reasons why, i'd say be careful trading too many of these names >> are you saying once uber comes to market if we play the game of trade it or fade it again with the same names the outcomes might be different? >> very different. past performance does not indicate future. >> what's interesting to me, when we were talking about lyft and last fall and we talked about it in the price indication, i think they were at 60 to 64 that was sort of, i bring that up because stock is trading 61 if they had priced it at a different point. >> more reasonably it would be a different prism through which we look at the trading. >> we could say this is traded quite well, given the environment we find ourselves in at $61 maybe the fact it was in my opinion, i think yours this morning on "squawk box" that it

was not priced properly. >> these guys want to move on but one thing that is important. there was holders of lyft shorting it who were restricted and also holders of uber that were shorting it what went on is something that's different than the other names >> interesting levi is the last name here, b.k., trade it or fade it? >> i look my jeans, i ike my jee this one the retailers got crushed. it traded well but it hasn't been able to get out of its own way and today looked awful so i am a fader of this >> these guys first of all did this once before, right, went public in 1971, private in '85, here they are back but at least you can get your minor the rest of it is hopes and dreams they have to grow otherwise one is buying it at the top. coming up, twitter, snap and facebook soaring this year tech investor roger mcnamee says there's a "black swan" circling

the social space plus there's a rally in your cupboard staples stocks soar to a 52-week high one could spoil the run. asmoy"s en you what it iwh "ft ne returns delivery drones or the latest phones. $4.95. no matter what you trade, at fidelity it's just $4.95 per online u.s. equity trade.

some big social media names reporting earnings in the next couple of days twitter, snap, facebook, all on deck, and the stocks have been surging this year. our next guest says there's a potential black swan circling the entire industry. roger mcnamee, co-founder and author of "wake me up to the facebook ka taste thcatastrophe. great to have you back >> good to be here how are you? >> great, thanks when you say black swan you think of some event that is not factored into the market at all right now. what could that be >> i think we've just had an example of it. over the weekend, sri lanka, you know, suffered a horrible series of terrorism bombings, and their response was to shut down facebook and other platforms, and i think this is something that was foreshadowed by what happened in new zealand, there was another terrorist action where social media played a huge role in spreading the fear after

the event and i do think that the business model of platforms like facebook and google, particularly youtube side of google have created a huge problem for them, because they enable bad actors by amplifying signals that are hate speech driven and fear and outrage driven, and they do that because that's part and parcel of how they build their ad model. they have to expose people to difficult content to find out how they react to it, to pierce the veil of civility, if you will, and in that context, the companies have a choice. they can either change their business model and no longer amplify that kind of content, or they're going to face the risk of countries shutting them down. and sri lanka doesn't mean anything to the numbers but it's not crazy to imagine this happening in a place that does mean a lot to the numbers. >> what struck me also, roger, about this, was unlike new zealand, unlike other instances where countries have shut down social media platforms, those

shutdowns have typically happened after the attack and after it was found either videos were circulated as in the new zealand attack or there is sort of inciteful language played up on various -- so there's a clear threat in sri lanka the response is almost immediate and it seemed like this could be a slippery slope, where it was sort of a preemptive let's prevent the spread of misinformation, let's prevent the spread of photos that stoke fear in the populous let's make sure this doesn't happen and let's do it now as opposed to waiting for it to happen, being reactive >> in the case of sri lanka, they had a problem last year where they did have hate speech. it was a little bit like myanmar, a religious minority was targeted with hate speech and people were killed and the government had a brief shutdown that time as well. from their point of view, two points make a line, they knew what to do immediately

i believe other countries will look at this lesson and the thing that the companies have not done, they've taken the position you can't regulate us, and i don't believe that's actually the correct analysis. governments do have the option to hit a kill switch and my mind, it's the logical thing for them to do in a situation where these companies are defying any kind of constructive feedback. >> what exactly, roger, in your view, is this black swan is it that governments can just decide to shut these platforms off? is it more government regulation in order for these companies to monitor themselves better? what is that black swan? >> melissa, it can be any of the above but the one i'm worried about is the shutdown model that just if there is no way for these companies to moderate content, and i believe we can safely say that that is the correct analysis, then if you were to have some kind of attack in north america, or western europe, where companies like

facebook essentially all of their earnings, you could easily imagine countries taking a precautionary move of just shutting them down, because from their point of view, what is the harm in doing that i mean it's obviously from a risk/reward point of view totally favorable to the politicians, to do this, and i think if you see it in one country in europe, it will spread rapidly across the eu i think if it happens in the united states, the pressure on politicians to do something will be very, very intense, and i think the companies have no one to blame but themselves. they've tried to hide behind freedom of speech arguments, when in fact, the real problem is what we call what my partner renee duresta calls freedom of reach, their right to amplify hate speech and other things because it's good for their business model >> roger, great to speak with you. thanks for your time >> thank you, melissa. roger mcnamee, elevation partners what are the areas of growth for facebook and those social sites, markets outside the united states, emerging markets?

>> there is a positive black swan, if you will, when it comes to facebook. they're talking about facebook coin and it's not necessarily a cryptocurrency but a payment platform which i don't think a lot of people have priced into the facebook stock you look at how it traded today, it traded very well. if they get this up and running and can get revenue off of that as a payment rail, that could be something that people are not looking at here. >> wait, how does that eliminate this sort of threat of misinformation spreading on the platform >> it doesn't. it's a different revenue source. that is something not priced in, talking about black swan, something we don't expect. >> so let me tell you what is priced in. here is a company they expected to grow in 2019, earnings are supposed to be flat year over year from 2018, while sales are expected to grow 24% to almost $70 billion. if you think about what expectations are, and why this stock performed so well, is that the stock got creamed in 2018, expectations got creamed, and now we have a situation where it's pretty clear that consumers

really don't care. advertisers haven't left sales continue to grow they've ramped expenses to the point where there's no growth this year, but that's likely to reaccelerate next year >> facebook isn't as dominant or penetrated -- >> shut it down, doesn't matter. >> facebook alone, would it be a growth story still >> yes, they'll continue to monetize a billion users on wha whatsapp and a billion on instagram. >> do you like facebook better than the s&p >> would you rather? >> carter would you rather >> i think facebook has the potential to fill in the gap from last year and get back to the levels where i don't think the s&p has the ability to go up in a straight line >> facebook is not extended and overbought the s&p is this is feeling o.a.-ish time for "options action."

some traders are betting the rally could disappear faster than its story dan, head over to the plasma >> let's talk about this a little bit this is one that's performed very well. it's up about 100% on the year today call volume was 1.5 times that of puts and that's the day before they'll report earnings tomorrow after the close, the implied move in the options market is about 15% in either direction. that is in comparison to the 20% on average the stock has moved over the last eight quarters, since it went public in 2017 there was one trade and it was an accumulation of a trade throughout the day of the april 26th weekly 11 puts, 9,000 of them traded on average about 64 cents. big blocks traded above the open interest first it was maybe closing activity but looked to be opening buying looking for protection below, about 10.35. the stock has had some massive, massive moves on earnings. we just have a couple key levels

worth looking at this is the 100% move from the christmas lows, it stayed in the uptrend. it broke down through the nl cha, tch channel. wall street analysts hate this stock, only five buys, like 25 holds, and like five or six sells on it. nobody likes it, despite the fact is up 20% the five-year since it's been public over the last couple years, at a key level about 12 bucks or so, if you look at that, i should have cleared that here, but it's been in this big downtrend so the stock is hitting up against long-term technical resistance right now >> thanks for that, dan. for more "options action" check out the full show friday, 5:30 p.m. kimberlykimberly-clark push new high we'll tell you if you can play catch-up hot trade whirlpool soaring is yr.its earnings report 40%

thea we'll break down the movement. "fast money" returns ♪ ♪♪ ♪♪ ♪♪ ♪ e! hey dad! hello, betee! kaisi hain aap (how are you)? i'm good, how are you? good! so good to see you. it's late, where are you? i'm at work. oh gosh, so late. i know, but guess what? what? i've saved enough to come visit you. well, that's such great news! at u.s. bank, we believe that hard work works.

and for everyone working toward a goal, we're here to help.

plants capture co2. what if other kinds of plants captured it too? if these industrial plants had technology that captured carbon like trees we could help lower emissions. 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. ♪ internet that puts alright boys, time to eat. that handles anything. [ crowd cheering ] that protects what's important. and reaches everywhere. this is beyond wifi. this is xfi. welcome back the consumers staple sector

jumping to a 52-week high. kimberly-clark had its best day since it0008 craft heinz is crumbling about 40% as the company taps into a.b. imbev relish this. >> oh. >> could kraft heinz be shape up for the ultimate catch-up trade? >> did we really do relish and ketchup? i never used relish as a word or as a condiment >> really, never on a hotdog >> no. >> what is your go-to on a hotdog >> a slice of cheddar cheese, split down the middle and mustard. >> what? i can't even -- >> you got to bring your own cheese >> my answer is no you could make a bet that it's going to catch up or have a bounce but the stock hasn't performed in quite some time what leads you to believe magically it's going to figure things out as for kimberly-clark, by the way, which you mentioned is at

levels we haven't seen in quite some time, we're bumping against levels at all-time high, 135 or so 18 times forward, 32 times trailing, this is not a cheap stock, and it's had a tremendous run. i would be pulling the rip cord here >> all foreshadowed by the big proctor, weightings going straight up the last year. there are others that are going to move like this on their earnings >> move like >> kimberly, procter, resets >> can you get behind staples? >> no. it comes down to the dollar. these are stories that are going to get hit by a stronger dollar, if the dollar starts to rip higher, i don't want to be in heinz and find myself in a bickell. >> nice, b.k >> that's a big one. >> i can't get over the cheese and the mustard. >> split the hotdog down the middle >> in new york you have the onion sauce. >> you see what they do with a

hotdog in chicago? >> drag it through the garden. the housing trade has been red hot. we'll tell you what is behind the move when "fast money" retus.rn woman: my reputation was trashed online,

i felt completely helpless. my entire career and business were in jeopardy. i called reputation defender. they were able to restore my good name. if you're under attack, i recommend calling reputation defender. and consider joining their groundbreaking campaign to give every american the right to remove old, inaccurate search results by going to righttobeforgotten.org. vo: if you have search results that are wrong or unfair,

call reputation defender at 1-877-492-6705. welcome back to "fast money. earnings alert on whirlpool, the stock is surging kate rogers is in the newsroom with the details >> whirlpool reporting a mixed first quarter this afternoon, a beat on eps but the company missing on revenues. its sales for the quarter were

mixed. north american revenues $2.5 billion, in line, asia revenues were light coming in at $371 million, that's below the $457 million projected. the company's ceo said two things drove earnings this quarter, successful execution of price increases and sustained focus on cost discipline he added these factors give the company confidence it will be able to deliver on its full year financial goals which also reaffirmed in its earnings release. the conference call will take place tomorrow morning here are a few key things to watch out for. the state of the u.s. consumer, the association of home appliance manufacturers has said shipments of major appliances had been down in the u.s. in recent quarters, also any updates on the impact of tariffs on the company and finally more color on whirlpool's performance in china in particular melissa, back over to you. >> kate rogers, thank you very much, in the newsroom. brian kelly, how do you trade this >> china will be key but tomorrow morning up 7% my concern is this is as good as it gets. home starts numbers not that

great. the home builders trade itb didn't trade that well for me, i think if i'm going forward, why not take my up 7% in this market, where you think things are going to be slow, i just think it's a better thing, you take profits on this one, first thing tomorrow >> i think that's right. you will get rerated here, filling a gap, take your money and run. >> price increases in cost controls though, give it some you know, cushion. >> wiggle room quickly, so the first quarter they beat by 25 cents on eps line they beat by 25 cents. yet they just reiterated full year guidance. you could say they're lowering guidance for the full year i would have raised guidance if they're really that kind of visibility so i think this is a relief valley off a valuation that got coup to cheap. >> up next "final trades."

oh, sir. that was my grandma's. don't worry, ma'am. all of your stuff is in ok hands. just ok? they don't give two and a half stars to just anybody. here you go. what's this? it's your piano. hold this for a sec! we don't have a piano. no. but the neighbors do. just ok is not ok. especially when it comes to you network. at&t is america's best wireless network according to america's biggest test. now with 5g evolution. the first step to 5g. more for your thing. that's our thing.

i that's the retirement plan.e, with my annuity, i know there is a guarantee. it's for my family, its for my self, its for my future. annuities can provide protected income for life. learn more at retire your risk dot org.

time for the "final trade. >> hershey sleepy winner that could come to life >> interesting brian kelly? >> i stick with the one or dance with the one that brought you, you stick with oil, xop i think you play it that way >> dan nathan? >> early march i pitched snap, i don't like it at 11.5. overweighted >> yield options action. weird series on netflix.

>> friday with carter worth, wasn't it great to have carter on the desk? >> slow clap >> psx and earnings on april 30th, melissa. >> that does it for you. see you back here tomorrow at ad00 "m money" more "fast 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'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 people want to make friends, i'm just trying to save you money. my job is not just to educate you but it's to teach you. call me or tweet me. every night i come out here four two big reasons. i like the attention the second and more important reason is i want