should be looking ahead through this rough period have responded a little bit better and the vix did not hit a new high all that together says you have the makings for some kind of recovery attempt if you don't get it that's too conspicuous a signal. >> fast money begins right now have a good evening. >> fast money does start right now, live from new york i am brian sullivan your traders tonight are pete najarian, tim seymour, steve grasso and guy adami are your stock investments falling again in what has been a month to forget? nervous buyers, though, they've been barging into bonds as more and more warning signs crop up into the market, but we have you covered. the top technician mark newton on what to buy now and salima kroft, and that, my friends is

we'll get to the gefrts. it's hit its lowest level since 2017 yes, that sounds bad, but in perspective, we were cut 400 points at the low of the session. guy adami. >> yes, sir? >> good guy adami. do you take solace in the fact that we were 200 points off low the and the china-related stocks and the semiconductors, they actually ended higher. >> and welcome back once again, brian sullivan >> yes >> again, you're doing a great job here, and i think the bulls will be happy that the s&p 500 defended of the 2 hun-day moving average bounced off its seemingly and that sets off going into the rest of the week. i will still say this. i think we need to trade down to 2650 or thereabouts in the s&p and i've been steadfast on that, and i think that's where the market needs to go and it's not

out of the realm of possibility that a 10% correction given the move we've had since december is feasible and quite frankly, it's very healthy. >> what do you need to trade >> you don't need anything that's what the market should do let's put that way >> it would be somewhat symmetrical and it would make sense. >> the 50% retracement from the lows in the recent high. >> from the lows to the recent high and it's a 50% retracement. so that makes the perfect sense if the markets were logical. >> i thought fsh was saying china was in control of the market, if not, they say you're in control of the market and it sounds like you're saying the technicals are on the control of everything and i think the most important thing is the fed as long as the fed stays dovish this market can rally back to those old highs. >> so bond yields are certainly representative of many things

and there are bond yields and credit spreads so far credit spreads have hung in there the junk etf by state street saw $429 million outflow since december and effectively, 4.8% of underlying assets and so far, hey, look, inflation is benign and it is 1.5% and if anything you are getting the indications that the fed will be cutting and not hiking rates ubs makes this in a bunch of the macro notes and lag impact of the tightening cycle may not be totally felt upon equity markets and that's a headwind. >> you're making an important point and the theme of this market and your brother talked about it extensively on halftime talked about a rate cut because let's be clear, there's chatter about how tariffs will raise consumer prices and as all of you guys have.

they're talking about deflation, not inflation. >> when it comes back down to it the one positive i took away from today's market and four of the last five days and our volume has been absolutely awful. i mean, really, really significantly off the averages and now we finally had a little bit of volume and the other thing that was interesting all day long was the volatility index was not moving i mean, we got into the 18 levels we should have been trading in the 20s when we're down 400 points on the dow. >> it's up 40% this month. >> oh, it's up significantly and we're seeing the move to the upside and if you look at the intraday move on top of the fact that we closed down a couple hundred points and that volatility should be higher and i was looking for opportunities and i was hoping that we'd see more volatility thrown into the marketplace. >> let me ask you what i asked guy, the fact that we turned

around, okay we turned around, semiconductors and they have the highest% of their revenue exposed to china and then it's crushed. do you think that's a meaningful turn or one-day wonder. >> pieces of china were turning today in front of that when you talk about the semis right now that cypress semi was out there and at least there was chatter about maybe in the works there. >> there are a lot of reasons why people wanted to have a bid inside of thooed game names, but i was crushed. there is nothing day to da and you had oversolds and if you want to see longy, turn and what we saw in the leading happenedicator and which fls you that it is on the leading economic indicator

some think they can see divergence and some of the semiconductors like apple and if you think it will recover. >> your question, has it gotten as bad as it can get or is that where you're leading us to if the china in the bull shop -- i like that. >> i see what you did. >> that is the first to recover and the first to get hit, is it the sign of a broader trade war? wasn't the new thing that china was going to be selling treasurys? wasn't that the new scare, and is that off the table now? >> six ding dongs said that. >> there was a lot of -- >> i've been doing that for year they're not in a position to do that >> they have nowhere to go with their money. anybody who says china will sell treasurys forget about it. >> so that was a worry so if you're not worried about that, then the imbalance, they can't do anything to us that we can't do to them so that was the other thing

where it wasn't going to be a tit for tat, and if they can't do that or the other then the market would have absorbed what's the worse case scenario >> the ring ding, and i'm not trying to offend anybody to say that china may sell treasurys. >> i'm trying to help you out here he just called him ding dongs. ding dongs are delicious here's the thing, guy adami. >> just hold on. i want to turn the conversation, and i hate politics and i feel like i have to take a hot shower when you talk about it and the other networks, but in a sense of the market at about 11:05, mueller made comments about the president and the market took a steep leg down do those miler comments about basically congress can decide what they want to do with regard with the president greater uncertainty.

after he spoke to being down about 220 in about 30 minutes. to moo it's just show or show, and about the semi names and christopher roe who came on the show yesterday and you are remember because you were sitting there, was there a chance that the broader market underperforms but the semis are so beat up down 14% over the last couple of weeks that you see a bounce and that's what you saw today so good for him. >> the market sold off when mueller was going to speak the market rallied off of him speaking congress will not be able to impeach the president. they don't have the votes and the sentence is not there. so i think the market is looking past that and these are all trade concerns. >> the bottom line is it is about positioning. it is about conditions you do get to oversold and the market sentiment has basically been from being euphoric and if you look at bull/bear spreads and the iiaa indicators where

markets are positioned on sentiment have moved appropriately more bearish people will still gravitate toward counter cyclicals >> semis may have been a buy today and there is nothing that should tell you that you'll buy semis tomorrow. >> wea've had a broad discussion and if you there are a lot of bulls there, the next group's it could have been like a jack nicholson movies as good as it gets. >> i think we have seen the top of the year. as long as trade lingers we'll have a very difficult time seeing any new highs in equities and i think credit spreads have probably seen their tights for the year which they saw back in april. our best case is that we will get a trade deal i just don't think we'll see it any time soon my guess is in all 2019 it will

linger and it will weigh on growth and corporate profits and it will weigh on sentiment >> is the bond market in charge or is the stock market leading the bond market. who is leading whom? >> this time it's credit markets leading equities lower and that's what we saw in 2018 when markets cratered and it took equities lower and i think we need to pay attention with that and equities are within 4% to 5 pes 5%, and that sends the messe and economic growth here could get hit by this sprays in the trade war. >> this bbb threat, and one notch above junk is the biggest trench outstanding and blackstone to me is what i believe is what's on the cutting edge with credit how do you deal with this and is it something that you say now based on the expectations with growth that you guys will be doing on portfolios? >> this is not the end of the economic expansion and the end

of the bull market this will look like a late-cycle pause by the time this is all said and done because i don't think the trade war will be a big enough issue to push the u.s., china or the global economy into a recession europe is in a weak spot and we could see the big three in europe being italy, germany and france in 2019, but a european recession will not be enough to pull the united states into the recession. this is the silver lining and this will look like an ordinary pullback since 1960, if you look at every calendar year, the average drawdown for the s&p 500 ends up being 1300% the course of any given calendar year and that could be the ways this year and longer, the issues with the corporate market because while we may have trade as an issue and corporate profit as an issue and we have an accommodative federal reserve and rates could be low for a long time and they

could end up steepening, they can reinvest lows, wheel the long end stays here. >> we have six months left, give or take. i'm in the fed that a fed bearish is barish, but would it take new highs >> when you drive valuations and earnings and interest rates. >> that said, i don't think the fed has to cut and i think this is an overreaction that we're seeing with respect to trade >> we've the massive flight to quality at 2.2 and change and we'll see it cyclical curb kl be good for the economy and it doesn't require it all. >> the three-month tenure is not the most predictive. >> the 210 is, but you have to

start somewhere and the fed chairman had referenced the three-month versus ten year at one point a couple of months ago. that's why we look at it >> the trick from the ten-year to three-month, you have to did a lot of math to produce a good signal it has to invert for ten days in a row and it has to average minus 15 basis points. the ten 2s is a cleaner sig fall and the best use is this, when which monies the data tells us it will invert not necessarily any time soon. >> trade is just eating the headlines and the trump administration effectively threatened europe over their dealings with iran and they said if you deal with iran you'll lose your access to the capital markets. we have italian banks, we talked about it last night down 20%, deutsche bank down again today are we not worried snuff, joe,

about europe >> i think europe could end up -- a $19 trillion economy, by the way. >> italy is already in a recession. if there's -- they know how to handel recessions. >> three a year. >> they know what they're doing. germany and france can quickly follow and i think it will pull the ecb to another do what it takes moment >> draggy did that in 2012 prior to the london olympics was when he gave that speech whenever that year was and there will be a new ecb chair soon and it will have to panic and when they do -- is that a buy signal if super mario will smashit with a hammer, and you can throw money with it. >> if you can solve the problem with money, take that one home.

>> he's like an owl with the graduation cap >> somebody told him that last one. >> i've used that one at home plenty of times. >> how many licks does it get to the center of a tootsie roll >> appreciate, that guys thoughts around the table? he thinks the highs for the year and does anybody disagree with that does anybody agree with that >> i think with the equity markets how anything, but counter cyclicals will be big and that's probably now between -- >> counter cyclicals >> companies that are not semiis and that are not going to be, dan nath an and i have sparred about banks. he's largely been right and i don't think financials the home of the next blowup, but banks cannot outperform. >> the one time you say he's right he's not here. >> i tend to agree with what joe is talking about, have we seen the highs and like mike wilson is pointing out and it doesn't mean that anything is going down

and you can't buy anything and there are opportunities that present themselves every day and it's more difficult, because a day like today is almost impossible and it started to melt back up and we're down 200 points and the semis are strong and the fxi. look at brazil and the fxi >> trading in positive territory, it didn't really make sense, though, based upon what we were seeing in the market >> it makes sense, steve grasso. people are saying maybe worst is over >> i don't believe that. i don't think the positioning was as bad as it was in december i think there is a risk to the upside and once these trade conversations start to have a better tone and as long as the, and i think we can climb back to those levels >> you know it's to the down side when the market has a big dunn day, rallies later and the vix closes unchanged you didn't get that today, but i'll tell you it was close so just throwing that out there.

tomorrow is an important day. >> every day is important, brian. >> tomorrow is more important than today >> more on the sell-off in the hour and a top technician is here it tell us where your money is going to go from here and we'll use the charts. >> oil, doing something almost what nobody thought they would and cell hellima kroft is here the two, the what and the what, verom meli ftis square and the big apple. more "fast money" after this

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hey guys! you're gonna want to get in on this. i know how to those guys in here. let's pause the internet on their devices. wohhh? huhhhh? [ grumbling ] all: sausages! mmm, mmmm. bon appetite. make time for what matters. pause your wifi with xfinity xfi and see the secret life of pets 2 in theaters. welcome back to "fast money. pbh. the old philips van hughesen out after the bell shares of the apparel company sinking after results. let's go to rahel solomon. >> pbh down 32% on the quarter and trading at one point more than 10% after the close, pbh posted mixed earnings and weak guidance tommy hilfiger is the biggest contributor to pvh and sales of

calvin klein both missing expectations terico, sat down with jim cramer and spoke about what's behind that weakness. particularly in our areas, the discussion around tariffs and the trade dispute, it hasn't hit us at this point yet so that's not the issue that we've seen going forward what we are really just seeing is a slowdown in growth and a slowdown in retail sales in january and the impact here in the u.s. is the lack of international tourism. >> now, it was aren't just pvh taking a beating today a slew of other big retail names also getting hit off their earnings results and canada goose had its worst trading day since going public in 2017 closing down just under 30% there and abercrombie & fitch also down more than 26% and 26.47% at the close and capri

holdings and dick's slumping coming up on "mad money" we'll hear more from "mad money" on cnbc last time he was on the show it was coming off of a positive earnings report and we'll see if has tune has changed and i'll send it back to you, brian >> that stock is down to a 30% discount to its historical valuation. what do we make of the pvh results as they relate to the retail, and investors have been crushed in pvh >> it shows you how fickle the buyers can be and how they bounce around and this is a company that's done a great job in terms of its digital and it's got to grow in their different categories and that's the problem. is it inexpensive? absolutely is it cheaper? >> 10.5 times before the close the single digit, yeah unless the guidance is even worse than we think it is, and

close to $10 a share and i think at this point in time it's an absolute buy and it's not today when is the worst over for retail >> after a day like today and the performance like today you have to think we're getting close. a name that you always bang the drum on is -- >> tjx >> tjx the those are the people that reap higher costs and higher inventories and ross stores, tjxolli, all are bets in this. >> look at the screen i built and they were down 13% this month and there's one name that's higher and that's target and in fact, it's quickly scanning it and probably 15 retailers that are down more than 20%, come on. >> there are a couple of things of retailers that put them right

in the eye of the storm and apparel managers are hit by tariffs and they're one of the few places where there is a feed through to the inflationary side of the business. you've seen sensitivity to the retailer with the overall -- with interest rates and you've underperformed on the xrt, the essentially the retail etf by 15% in the last 96 sessions. >> hold up, let me give you a bull case scenario and you tell me if you think it's bunk or something to it and no one else is talking about it, and we will which is this. number one, they're going to squeeze their suppliers when the higher tariffs hit like they've never squeezed them before when the tariffs go away, assuming they do, you think they're going to lower prices? >> there is potentially long term positive story for retailers that nobody seems to have -- we're going to play a game here and we're going to call it bunk or funk, and would you say this is bunk or funk >> does bunk mean i don't believe it

>> we've got to be careful with this game. it could be dangerous, but i agree. >> it is funk. >> how long is this going to last again, i'll say it i think we're further away from a deal with china than we were six months ago, and i think that chasm continues to widen when the retailers have been moaning and groaning on cnbc with no pricing power and too much inventory and guess what, retailers? now you've got cover to raise prices on your stuff and blame the tariffs instead of saying we have to raise prices on the consumer an extra 15% on a pair of jeans and you're talking $1.50, i don't know the dad jeans a couple hundred bucks. >> i'll get up and show you. i'm wearing slacks don't -- don't give him that >> that's funny! >> that was pretty funny, actually that was actually pretty good. >> does anybody believe thatyear over worried about the tariffs >> no, i think the marks are worried about the tariffs?

>> all right for more on the retail space head to trading nation /dad jeans i'm brian sullivan, this is what's coming up -- >> investors have nowhere to run this week as the sell-off takes down the safety stocks, but a top technician says fear not because he has three names to take cover in. plus -- >> the cabs are here the cabs are here! >> the cabs are here because uber is about to release its first earnings report as a public company find out what to expect when "fast money" returns

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>> and welcome back to "fast money," the tariff tantrum for stocks taking few prisoners and all 11 s&p groups down, and even utilities and those had been considered havens and seema modi is breaking it down from the new york stock exchange. >> brian, that's what was so interesting about today's price action the sell-off on wall street was widespread leaving no sectors behind and yes, even the interest rate-sensitive sectors that tend to outperform when yields fall. utilities, real estate and consumer staples all caught up in the market downturn, but with trade fears rising, investors have been buying up dividend-paying sectors and check out utilities up about 5% in the past six months outperforming the broader mark, but some traders say that the sector's valuation is becoming a bit rich, now trading at 19 times forward-looking earnings and much higher than the historical average of 15 times and it's trading at a premium of s&p 500 trading 16 times the russell 2000 and the small

cap index seen insulated from the u.s.-china trade war as it generates a large percentage of the revenue war right here in the u.s. and this hasn't stopped investors from hitting the sell button and the russell 2000, underperforming the s&p 500 and it is down 6% and analysts say that while the companies tend to be more domestically driven and they still source a lot of the components and parts from overseas. >> seema modi from the nyse, thank you very much. >> perhaps in this market the old sports adage is true the best offense is a good defense and your next guest has three stocks that he says that you should think about buying now. mark newton is taking off on the charts for us on those names take it away. >> thanks, brian the s&p today showed first real sign of acceleration that we've seen in the last couple of weeks and we've seen this trend that has undercut the lows for may and not only in s&p and in nasdaq, the dow and also like

stocks 50, so it does look like the technical structure remains negative and we will see a little bit further weakness in the day ahead. four things that suggest this is still possible one is that we haven't seen any real fear yet. we haven't seen the capitulation of volume into down versus up stocks and that's important. second, we haven't seen vix, and normally that's a factor and they're not that oversold either and using traditional metrics and we need to see more signs of stabilization in the sectors like technology that have really taken out to the woodshed in recent weeks and i'm looking at 27 and 22 and that would be the first real level up to 2730 to buy and with that in mind it's been a defensive rally and the markets have sold off and what does that outperform the defensive stocks and let's take a look at verizon and you look at the technical structure and this is at the highest level now in over 20 years and this is a very important level going back since 1999 if anything, you look at what's happening in recent weeks.

we've gotten up above. we've seen a minor breakout into the latter part and the consolidation into the mini triangle and that's extraordinarily bullish and still pays a 4% yield and my thinking it's right to be in stocks like this and verizon is much better than at&t technically. another one we're looking at is avalon bay and they've outperformed almost every other part of the reit sector and they had a breakout in the latter part of last year and it's back up to new high territory and this is also positive and this pays about a 3% yield and a decent technical structure and giant basis leading to higher highs and higher lows and that's also very positive what's the third one i like monster beverages and this is an excellent technical pick and many people complain it hasn't done anything in the last few weeks and the stock has done nothing. important to have a longer term perspective. you look back over the last five years and a decent uptrend and a

nice, tight consolidation and that normally is bullish and i want to be a buyer on any pullback that we've seen for the next few days and the couple of weeks and thinking the next big move should be to the upside. >> great stuff i would expect nothing else, by the way of a virginia tech graduate monster energy the best-performing stock, i believe, in the s&p 500 in the last decade, up 40,000% or something so people may shy away from that. you say the charts show perhaps long term more upside? >> yeah, my thinking is this hasn't seen anything else, but a minor consolidation. >> stocks like this have not give lot back ask you want to be a buyer if what is upside and in general, i don't think the highs in and by mead joup and i do think s&p gets 3040 to 3070 and

the new stock might not get to those highs. >> so a butch of your pictures, for me when i buy a stock that's double or triple toppy and i use that as my support would you suggest the same thing or do you think that you buy it as it's running into that level of resistance again? >> those are your words, not mine i wouldn't say it as a double or triple top these stocks are consolidating while the majority of stocks are falling and indices have pulled off, and right near their highs and if anything during times of market duress it pays to buy the dividend earnings and there is a consolidating for what i think is the next big move that should be to the down side and particularly stocks like monster. >> great to see you. thank you very much. appreciate that. verizon, avalon bay and the big apartment community company and monster energy. >> guy adami >> monster >> it's been a monster >> huh as you said, up 40,000% or something like that and great

job by a fellow virginia guy i listen to everything you say it appears i don't pay attention, but i will say this, there is a chance that the stock gets up to 70 on the back of the earnings they reported 70 was the all-time high in 2018 and that's what we traded up to, $8 on the stock is significant. >> staying with monster. it's been low double digits and i think the cokor ae arbitratios something that hangs over the stock and i don't think you have to do anything. >> good conversation oil prices have pretty much shocked everybody, despite the sanctions and civil war in libya, prices have gone down halima kroft is here with what the market may be missing and julia boorstin speaking with bob iger moments ago at disneyland's new amazing star wars galaxy's edge theme park opening inside 'l disneyland this week.

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>> welcome back to "fast money," crude oil falling down 8 cents

and under still 60 bucks a barrel and supply fears dragging the commodity market deeper into bear market territory. energy, by the way, from an equity perspective has had the worst performing sector this month and it's like apache, marathon, halliburton, schlumberger, all down double digits, but our next guest says investors are ignoring one key catalyst and let's bring in somebody well known with any show halima kroft at rbc halima, what are we missing in oil right now? >> i think we're missing what's likely to happen next month. we're going to hopefully have an opec meeting next month and they'll stay the course and the production cut and we want to hold with iran tension and a lot of people believe it's normal for the middle east to see what's going on and the tankers being struck and pipelines hit and what you want to watch is what happens on july 7th because the iranians have said if the europeans do not work around arrangement for sanctions

they're reach to higher levels and take us back to the nuclear threshold and that's an important date to watch. >> did you hear earlier in the show, they got no attention because of the china trump stuff which was this the trump administration effective effectively threatened europe and said if you deal with iran we will deny you access to capital markets. europe is caught between this vice. >> this is a key story because the iranians are saying they kw quadrupled their uranium production, but if they do not get sanctions relief iran has seen their exports drop by over 2 million barrels since last year. they're basically saying our economy is about to implode. if we do not get sanctions relief we will fully restart our nuclear program. i don't think the market is even taking that into consideration and they're basically like this is the same old news and this is

what we're looking at this summer. >> can you talk about where we've been at times. two years ago it was out of kilter and we got to a place where we were starting to get to a draw historically, we haven't been responding to the disruption dynamics and it is clear we are here so where are we? >> the market is tight and you wouldn't see that by the prices, but this market is a tight market we've already seen, as i said, iran exports come down considerably since the u.s. announced that we're ending waivers for importers of iranian oil and we've. gone through 1.3 million barrels a day and venezuela continues to collapse in terms of production and the demand side has actually held up this year and we've seen record chinese imports this year. so we're selling off on a fear of china demand collapsing. >> and the dollar. >> the dollar. we haven't seen it falter yet. >> what about the u.s. outproducing saudi what about the u.s. outproducing

russia if you could script a more bullish scenario for oil i don't think you could have you just went down a litany of six things that are definitely tailwinds for the price of oil, yet maybe we're all missing something. is it u.s. production? >> u.s. production has held up this year and what we've seen is not superman if you have president trump calling the saudis saying help me out and give me those barrels and it shows the limits of american energy dominance and part of the thing is taken off the market are medium and heavy barrels and what does the u.s. produce? light and medium barrels and those gulf coast refineries that we were taking to venezuela in barrels and the replacement product is saudi arabia, if iraq doesn't give the barrels and if canada has infrastructure problem and the u.s.-shale story can't make up for that and so shale may be a key bright spot to supply, and i'm going to switch gears, if i can, what you

may not know about halima kroft, tombraider, she's a former chi analyst stationed in the democratic public of congo >> i used to spend time there. i was not an operative i was not an analyst >> no, i was an analyst and i spent time in the drc. >> she just said it herself. >> the reason i bring it up is where the cobalt. >> yes >> if you want an iphone battery you have to get cobalt from the drc and how do you see this fight i mplay out >> the one problem with the ev success story is it's built from cobalt from places like the democratic republic of congo and one thing i would say about china is they were fast to get in on the africa resource story. i mean, they really won the scramble for africa. >> we gave it away we had mines and we gave it away and they came in >> we didn't think it was a

strategic interest and they went into abgoala angola, and halima who was never in the drc. >> i don't each know her right now. >> not even my real name. >> i'm not walking out with her. >> there was a chance we're all leaving together. >> she's on a roll >> thank you >> coming up, uber skidding into its first earnings report down 12% from its ipo and some traders are now betting on even bigger moves and we'll tell you which way. disney's new star wars, galaxy's edge park opening in disneyland this week. you will hear from ceo bob iger when "fast money" returns. who's halima

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all right. welcome back disney making a billion dollar bet on star wars with its new park in california opening up this week, and julia boorstin sat down with ceo bob iger earlier today for an exclusive look inside star wars, galaxy's edge and there is an unconfirmed rumor, julia, that you may have had access to the rides. >> i may have, brian, but all of that is embargoed until 9:00 p.m. eastern tonight so you will

have to tune in tomorrow morning to "squawk box" to see what that all looks like, but for now i'm going to tell you what disney ceo bob iger says about this i am here at disney's galaxy edge i'm inside disneyland. this is the newest land, newest part of their park they will have an opening ceremony for tonight and then it opens to the public, to the folks coming here to disneyland on friday. bob iger telling me that he believes the $1 billion investment in this 14-acre part of disneyland will pay off and note, it's opening with just one ride take a listen. >> star wars is an immensely popular property and giving people who visit our parks, who have thought about visiting our parks a chance to immerse themselves in star wars on a grand scale and in a much richer, deeper way is a big deal, and i think it would be extremely positive for the division and for the company, and for star wars, too, i think

it will lift the entire franchise of star wars >> disney does have a star wars series, live action series called the mandalaurean and iger saying that all of this here at disneyland should help heighten interest on the series on the subscription service and vice versa. as for the trade war with china, i asked iger about it, and he says that it isn't yet impacting their business here in the u.s. or in china. take a listen. >> our visitation to our parks are relatively modest and the uk and canada and mexico and other parts of europe that are much bigger than china and we've seen nice growth and i've read the articles about slowdown in chinese visitation to the united states and i don't think we would see anything that would be perceptible yet, and i was in shanghai and i would tell you the popularity is still extremely high

>> you can find more from my interview on bob iger on cnbc.com and we'll have a look inside the park including that rid, that's a ride it's called smuggler's run it's a ride on the millennium falcon as well as a look at some of the food here and that will be on squawk box tomorrow morning. back to you. >> we will look forward to that, julia boorstin chinese attendance of shanghai not sure to be done at all no trade war there >> not surprised about that at all. the different verticals that bob iger has been able to create over the years and you talk about a guy who has put money into content and they continue to develop themselves into something that they were aren't and i do say they were late to remming and now you look at espn plus and i think they're doing right, they haven't been in two or three years with the purchases and the investments that bob eager has made and i

think they're starting to show up as we show up ferthser in 20 and 21 certainly in studios is something that feeds through the rest of the product line so pete's talking about, this is a company that has parks, studios, consumer products in addition to the media arm and i do think it's been a catalyst, but it's not the reason why you necessarily go out and buy disney, although it is part of the reason why the multiple on disney is so different than any other media company. >> i walked earlier by "frozen wet "the musical there was a line of 6 hun kids and their parents. the content power is so strong, it's matinee day, it is so strong, but do you worry the espn drag will mitigate that >> gambling has, i think, mitigated the drag itself and i think the concern would be is everything priced in with a 21 times forward earnings and that would be my hesitation >> okay. >> meantime, check out uber. down per than more than twefrl1.

what are the numberious need to follow we'll let you know and we're at the nasdaq in times square where it's raining harder than i've ever seen rain before. >> that's not true 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.

hey! i live on my own now! i've got xfinity, because i like to live life in the fast lane. unlike my parents. you rambling about xfinity again? you're so cute when you get excited... anyways... i've got their app right here, i can troubleshoot. i can schedule a time for them to call me back, it's great! you have our number programmed in? ya i don't even know your phone anymore... excuse me?! what? i don't know your phone number. aw well. he doesn't know our phone number! you have our fax number, obviously... today's xfinity service. simple. easy. awesome. i'll pass. uber, that will be tomorrow the stock falling 2.5% and down 2% from the ipo. mike ko from san francisco and

what to expect from uber's numbers tomorrow, mike >> we saw four times the average daily options volume in uber today and traded over 60,000 contracts overall and one of the interesting things that we saw we have an implied move of a little over 7% consider lyft moved about 11% after they reported earnings and their first earnings release by 16% bity the end of that week, n one of the trades i was looking at was the june 7th, 43.5 weekly calls and that expired a week from this coming friday and for 2500 of those and that's somebody making a bullish bet that uber will rally by at least 10% by the end of next week and that would obviously be targeting the post-ipo highs, probably of $45, and the day that it ipoed and it hadn't touched those levels since uber is trading a little bit cheaper than lyft at 5.9 times ebitda versus lyft six times and

it is possible that some of the things that we've seen in the ride share companies are baked into the cake and that's why we're seeing the bullish bets. >> for more options action check out at 5:30 eastern time he's talking your language. >> i have to tell you an incredible amount of volume and i'm going to trim some of those up and big call buying late in the day on uber. >> pete, thank you very much up next, your final trades what's the hesitation? eh, it just feels too complicated, you know? well sure, at first, but jj can help you with that. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to main st. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? it's just complicated. step-by-step options trading support from td ameritrade

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it is time for your fina trade on this wednesday and let's go around the horn. >> i have a wonderful lady next to me halima, pvh, giddy up. >> the oih oil wow. tim? >> talked disney multiple verticals and talk studios and disney plus. i think disney is a multiple that's going higher and how about 25 times earnings for the house hous mouse house. >> the house of mouse. >> r-o-s-t up year to date and trade worries and ross stores. >> guy adami

>> i just want to say, 5-5 the hard way >> that's the hard way right there. >> you mentioned earlier, sell some canadian assets. >> guys, thank you very much that's it for us "mad money" with jim cramer begins 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 other people want to make friends, i'm just trying to help you save some money. my job isn't just to entertain but to teach and put it into context. call me at 1-800-743-cnbc or tweet me @jimcramer. the selloff is reachin