steadiness bonds yields stuck around 1.75 for for the 10-year it's wit and see on the flood of earnings >> earnings and trade, the two big things. >> earnings the most part hoping not to hear much else and trade because it won't be good news. >> not expecting nick anything next week. >> that does it for us on the "closing bell. "fast money" starting right now. and live from the nasdaq market site over looking new york's times square. this is "fast money. i'm tyler mathisen for melissa lee. people were throwing things i wish you could have have been here to see if kaern finerman was well behaved grasso was loud but well behaved not throwing anything and guy adami hold the egg nothing, folks because one wall street firm went full blown frinch. we will break down names on the naughty list from bond king to stock picker bill gross says this is the best

investment idea right now. it may vice you. and later hidden housing play. why one options trader says in builder breakout is about to get hammered but we begin with big new developments on boeing the stock falling hard taking the dow down a former employee may have misread regulators about the safety of 737 max planes phil lebeau has been following the story joining us from chicago. >> you see the sausage being made my photographer handing me new documents we received from capitol hill regarding what a former chief technical pilot for boeing may have known when the m cast system, crucial to the 737 max was being developed. this all goes back to 2016 messages turned over on capitol hill in one of the messages he says oh, shocker alert, mcas is

active down to m-2 it's running rampant in the sim on me. the sim referring to the simulator. they're in the process of developing the mcas in 2016. a couple of texts later or messages later he messages a coworker, so i basically lied to the regulators [ unknowingly ] what exactly did he mean when he said he lied to the regulators he received a statement from his attorney the chief pilot technical attorney he said if you read the whole chat it's obvious there was no lie. the simulator was not reading right and had to be fixed to fly like the real plane. marng's career at air force, f.a. chl a boeing about safety he would never put anyone in an unsafe plane by the way, boeing we reached out to them, they say they are cooperating not only with the probes on capitol hill but also with the department of transportation as well as the

department of justice. guys, i'm just getting some documents. copies of emails from florida former chief technical pilot that was sent back in early 2016, i think. and we're going to go through these to see what else they say. some of the headlines we are seeing regards the e-mails -- one of them says that the chief technical pilot said he would be quote unquote tricking regulators into accepting f.a.a. approved 737 max training. so guys we're going through all of the e-mails we may have an update in a little bit for you but certainly a day where a lot of documents are coming on and people saying what did they know and when did they know and why aren't we hearing about it before now. >> let me asking ask a quick follow up question if, the lawyer for the technical pilot denied any kind of lie but what was this individual referring to ostensibly when he said, i may have unwittingly. >> unknowingly.

>> unknowing i lied to the regulator. what was he referring to and what does he mean by unknowingly. >> two great questions there that we would love the answer to by the way, we have asked this attorney for the pilot if he could provide clarification on this we don't know, tyler there is no way for us to know exactly what he is talking about. >> okay. >> and in terms of why the documents are coming out for you -- remember that dennis muilenburg will be on capitol hill on october 29th and 30th testifying once before the senate, once before the house. who are looking into the 737 max. boeing had to forward the documents to them since that testimony was coming up. so that's one reason why we are hearing about it now but as you look through the emails the big question is what was in the mind of mark for the ner, the chief technical pilot at boeing at that time in 2016. >> keep us posted phil if you

find out more let us know. let's trade the name anybody own boeing. >> i tell wlau, tyler, over the last few weeks it's been a question of what when did i jump back in? because although we speculated on more structural issues with the company when do they get the max deliveries back in place and if they have to delay and move down eps numbers but otherwise this has played out to me similar to other times when we seen f.a.a. disruption of boeing right now there is nothing in today's announcement that says you need to go in and do anything in fact, look i could play simulator with -- that simulator conversation but i don't really know the context of that conversation and it would be crazy for an investor to try to. >> the stock has acted incredibly well with everything thrown at it up 12% basically up until today. but to tim's point you have to wait -- you sort of want to wait

to the return of the max but you can't wait for the exact return because then you miss the run up into the return of the max but if you got in early, this is the type of event that you see so unfortunately now you're benched if you're a about bull in boeing. >> if you look at the chart there it looks like it lost about $90 from early march, 90 or maybe $100 a share from early march. maybe it's getting to a point it's investigatable. kaern you own some airlines. >> i do, right. >> this whole situation is messing with their numbers and their ability to transport passengers. >> right, well it's -- depends on which airlines. you have southwest having a ton of exposure. some others like delta for example which actually has been. >> delta little or none. >> delta has been the beneficiary of the capacity that others can't meet because any don't have the planes yet. but delta also had incremental expenses trying to service those customers. so it's lab of a mixed bag

i'm not sure carb shall i thought boeing was acting well, stopped going down on what had been bad news here and there this obviously is a different kind of bad news that really we don't know what it is yet. and it's possible as tim said we have different context that ultimatelyfebruary or march when they were talking about having the 737 max in the air, maybe that's -- maybe that's still possible >> what the airlines want is a date certain. >> yes. >> yes. >> where they can count on the plane being certified to fly again. >> running a business like that you need certainty even if not the exact timing you wanted, just having the certainty is really important. >> boeing has been through, guy this kind of stuff -- not this kind of stuff before but had delays that messed up the 738 dream line >> many times over the last decade. >> major hair balls that have really hurt the stock. >> by the way welcome. >> thank you very much good to be here. >> much more hand some in real

life than on tv. >> i'm going -- you're much more hand some in real life. >> it's not a quid pro quo. >> no quid pro quo. >> i don't know what was in this gentleman's mind when he sen the message. it might have been innocuous the real problem is the f.a. chl a is saying boeing withheld internal messages from us. again i'm not saying it's a cover-up, not my point but this should have been months ago out. if boeing pha had an inkling it was there. does the stock traded well but since it cratered back in march to 375 it's effectively gone sideways until today. it's had ups and downs reports on october 23rd any compelling to race into in i say no tim makes great points and the defense sector which is significant gets no credit in in environment, justifiably so. i say wait and see until the

23rd and you get an opportunity to buy it cheaper than where it is today. >> leave it there. and come up credit swoos put out a naughty list of retail stocks before the holidays but could some of the names be stocking stuffers. >> oh. >> plus wined and fined? the true cost of the eu tariffs that hit some of your favorite foods and beverages. and later, lady gaga meets the edge of glory. oh. >> the must see video you just spau that got. >> are we allowed to show that >> oh, we. >> i know it's cable tv what is that. >> how could she know. >> in new york city much more "fast money." >> you're seeing this a lot folks. we'll be right bk. surprised it's not a boomerang. ♪

♪ you mighyour joints...ng for your heart... or your digestion... so why wouldn't you take something for the most important part of you...

your brain. with an ingredient originally discovered in jellyfish, prevagen has been shown in clinical trials to improve short-term memory. prevagen. healthier brain. better life. here, hello! starts with -hi!mple... how can i help? a data plan for everyone. everyone? everyone. let's send to everyone! [ camera clicking ] wifi up there? -ahhh. sure, why not? how'd he get out?! a camera might figure it out. that was easy! glad i could help. at xfinity, we're here to make life simple. easy. awesome. so come ask, shop, discover at your xfinity store today.

♪ it's the most wonderful time of the year. welcome back to "fast money. the countdown is around 68 days left until christmas but wait it may not be all milk and cookies. credit suisse added big flames to the naughty list.

macy's gap, l-brnds downgraded credit suisse says valuation will not be enough to protect the stocks are the retail names upon the naughty or nice list, karen you he will of you. >> i've been called a lot of things. >> never that. >> never that. that's okay. it's interesting i read the piece. i think they have a lot of interesting points to make i kind of agree with them. i think that had they said that six months ago it would have been true a low price wouldn't have helped them one thing i did look at just because i'm curious. macy's which has a lot of asset value given the real estate, this stask was the most interesting to me, this is the -- that's not it interesting maybe but that's not it it's the book value of macies well below one that's interesting to me for an asset rich company that's not it either anyway all the other ones nordstrom, kohl's, dillard, hudson bay, all of them trading

north of one or significantly north of one that's interesting to me it shouldn't be enough to make one have investment in macies because it's below book value. but it's a sign of how unbelievably cheap. >> a secretarier to dabl in guys. >> certain not the retailer names like macy as nordstroms. i know you watch "fast money." >> i do. >> nice job taking off the jacket. >> learning to be one of the guys >> brilliant you see costco you talk about it on the power lunch show. >> i do. >> that's a monster. september comps were very strong in this environment. i think dana tulsi and her group put a 315 price target on it which is where we are now. but injury there is upside in costco and home depot and dollar gen a monster. >> target up 70% costco up 50%. charts intact. ross stars has benefitted from the china tariff war those are the names that until that tariff issue goes away,

probably will still continue the chart looks excellent to me. but i think once the trade wars concludes if ever, this is a sell >> so i mean speaking of naughty i'm surprised we didn't run gratuitous footage with l-friends. it is sells tv shows but in terms of l-brands what hasn't been sell is victoria secret and bath and body, has been a bright spot for the company in has been a lumpy turn around if you call it that here is what i say about the kris swees has running the billion bell and told us anything new today i don't think there is anything structural if there is some insight into 4 q in holiday sales which we think -- i don't know how we know the numbers yet i get there are channel checks to look at we know that macy's l-brands struggle a long time you go after theme because of a stabilization in the core business that's falling off. and at l brands i think the victoria turn around is slow but happening.

>> you know what's interesting is that all of the names, macy's, l-brnds and twrp gap gap, the only within one close to index on is l-brands you look for the reversion trades if you wanted to pick a renail i'm going with the underperforming name l-brands. >> your job is to ask questions. it's a short show. why did we play what was the with the lady gaga you can't leave it hanging. >> we're coming back to that. >> i'm intrigued. >> take a deep breath. >> we're coming back to that. >> you're seeing that we have a news alert on the opioid maker contessa brewer. >> more specifically with the distributors we're talking about! committeesen cardinal health, amer source, bergen. looks like no settlement right now with the states and the counties who want the distributors to put up in a big way for all of the costs that they have been saddlesed with in the opioid crisis. the state's and counties basically say the settlement

proposals are severely inadequate right now the proposal is $18 billion. what has happened the county executives came together and thanked the judge to allow the trial to move forward. that is scheduled on monday in ohio just one reminder that teva settled its outstanding litigation with oklahoma the night before that trial was scheduled to begin we have a weekend to go but right now no deal. >> and you can see the stocks moving in after hours there. and moving negatively. contessa thanks very much. >> sure. >> let's move on shall we talk about that that or you want to dogbe talk about the drug driblters. >> i'll say, tyler we had a pop in those names in the week when we thought they were in the clear. this issue isn't going away. the opioid crisis is an emotional issue and not only will you see civil damgs i expect. >> and teva and johnsonance johnson in the heart of it j&j fighting these cases as teva and. >> j&j has another talc problem.

>> they have another talc problem. >> they can't get out of their own way. to this point all the names popped recently 15 to 20%. another batch of bad news could be another headwind and ukds see the easy profits no so easy in the last month could give half back. >> i'm always amazed looking at the drug distributors at how enormous they are in terms of revenues i think they're -- the ones mentioned there all in the top 15 among american businesses in revenues >> huge companies. >> huge, huge. >> $30. >> mckesson from the stock 128 to 152 in about a week and a half i mean that's a significant move real quick, j&j we have this a while, looks compelling but the headline risk is such that the 121 level we saw in december of 2018 is absolutely in play. >> let's move on cnbc sat down to pimco cofounder bill gross at his home in newport beach. the former bond king is a stock

pick are he gave cnbc brian sullivan his favorite play right now. let's see what it is >> allergan, which manufactures lenses and so on is being bought by a health company called abvi. and there is still a good 7% or 8% in terms of a margin close up if and when they close the merger three or four months from now. >> blinded by the sun there, tim. what do you think of allergan. >> if he if we look at the biotech space allergan is a name that certainly i think has been more defensive there's been m and a talk and pipeline talk about you if look at the core pipeline i think it's under pressure. the valuations in the space and balance sheets in the space give you a lot ofo add one thing on allergan. if you buy the stock you are buying the risk of deal

happening. the deal is not closed not closing for several months two investment things one is the deal closing and you get two thirds cash and a third stock. you do have a risk of the deal breaking then you might want to own the stock that you get in the merge he were but the first part has to happen firps. >> thoughts? >> i think to kaern karen's point, the risk is if that deal or whatever hits the skids you buy the stock now then you have a definite problem you want to -- to your point, wait until if that occurs, then you could wait and capture it on a discount, correct? >> i think if something bad happened if the deal doesn't happen just be woorp that's the risk. if you like it for the merged entity that's one thing. but you have to buy the risk ash traj in it first. >> and wait and see if if comes through. >> bill gross is a stock picker. >> what's that memory drug that we sell on the shows >> prevagen. >> prevagen sounds like he should by a little prevagen instead of allergan. >> where are my keys >> i know he is watching right

now. we love bill gross we are just making fun of him that's all. >> he likes the products at allergan you could see the full exclusive interview with bill on our with ebts cnbc.com i can't believe in show goes buy so fast. can't be time off and on final trades get yet. >> getting there whether your beauty routine is 3 steps... or 57, make nature's bounty hair skin and nails step one. it's the number one brand uniquely formulated for silky hair, glowing skin and healthy nails.

nature's bounty, because you're better off healthy. tell him we're flexible. don't worry. my dutch is ok. just ok? tell him we need this merger.

it's happening..! just ok is not ok. especially when it comes to your 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. we've got more news on boeing and fill lebeau has it. he has been poring through several emails in chicago with the latest. >> these are copies of the emails sent by boeing's former chief technical pilot. we're not reading all of them but we will read one from november 3rd of 2016

now this is five months before the 737 max was certified. they're in the process of working with regulators to get it certified mark fork ner says things are calming down a bit from my airplane certificate i'm doing a bunch of traveling -- i'm doing a bunch of traveling though the next few months simulator validations, jedi mind tricking regulators into accepting the training i got acceptedby the f.a. chl a, et cetera guys we should point out we did talk with mark fork ner's attorney he was emphatic in a response to us saying markeace career at the air force, f.a.a. boeing was about safety. he would never put anyone in an unsafe plane we see the documents coming now to capitol hill from the f.a. chl a. dennis muilenburg will be there in a couple of woks. the story is developing, tyler. >> it certainly is one topic is whether mr. muilenburg is long for in job.

what do you think, phil? >> too hard to predict i mean they have split the job of chairman and ceo. he remains ceo. >> very recently. >> and david calhoun, did this last week. david calhoun lead director at boeing he is non-executive chairman but i think -- he even said in a statement he expects to be active and the brody has taken on a more active role, especially as the company is trying to assure regulators and the folks in washington that safety is a priority so there is no way for me to prognosticate the future of dennis muilenburg at boeing. but clearly the documents and the exchange between the f.a. chl a and boeing -- by the way dennis muilenburg and the f.a. chl a administrator it did talk this afternoon there is no which to know his status at boeing. >> any final thaupts on boeing before we gets to final trades. >> it's strange how it even today holds in with the the news

we heard about to guy's point it was moving sideways the last couple days or months and now you start to see this headline again risk. and it's still holding in. makes me scratch my head. >> down 25. >> this is as big of a move as we have seen, no. >> but when you look at it upon a chart like this is -- >> over time. >> this should have been decimated any other stock. >> let's go around the more than finerman. >> intel underperformed the semis i realized it's diversified that's i i own is intc. >> karen. >> i like the home builder pace. but rezi make the thermostat, security. >> that's cool. >> yeah. >> all right i bought a stock in the last couple days been trying to buy the stocks overly beaten up spirit airlines ticker symbol save zero exposure to the max. this is where i am staying in this one. >> guy what happened to lady gaga. >> that's why i asked, tyler you set it up there you put it on a

tee and now it's gone. >> and did you hurt yourself when you fell. >> it wasn't me it wasn't me. >> denver gdi into earnings next week. >> anymore gaga no more time for gaga you saw her fall. that's it for "fast money. "options action" is up next. don't go anywhere. see you there. sometimes, the pressures of today's world can make it tough

to take care of yourself. but nature's bounty has innovative ways to help you maintain balance and help keep you active and well-rested. because hey, tomorrow's coming up fast. nature's bounty. because you're better off healthy. nature's ♪ unty. ♪ ♪ ♪ ♪ ♪ ♪ ♪

filmgate is growing really staffing a small bquickly and... is challenging. ...i needed to fill a production coordinator role. i was looking for someone with specific skills. so i posted a job on linkedin.

maribel had all the skills i was looking for... and looking at her profile... . ...i saw shared connections. that was a plus. but the most important thing... ...is the ability to connect to people and she had it. and i knew... ...she was the one. post a job today at linkedin.com/grow . hi, everybody and happy friday "options action" fans i'm tyler mathisen in tonight for melissa lee. appear we have a big show on deck here is what's coming up. >> announcer: on the big show tonight. >> health care. >> carter werth explains why the sector previously left for dead should get your heart raising right now. then. >> you don't like flying huh. >> karen finerman has a way to use big ups and downs in one airline name to your advantage and. >> when