tomorrow leading economic indicators that has been something that's been a bit soft in terms of the macro. and of course jobless claims those are maybe two things and the bond market and stock market might key off. the 10-year bond yield could look to have movement. the utilities and tech were the best performing sector energy the worst performing that does it for "closing bell." >> "fast money" begins right now. and we are live from the nasdaq market site over looking new york's times square. this is "fast money. traders tonight are team seymour, chyron finerman, guy adami. the impact of coronavirus and health care stocks and airlines and casinos. all on the move. a special guest for you. dr. oz in the house talk about what's being done to prevent the pandemic president trump taking another swing at the fed, what he told cnbc about the markets today you can't afford to miss later it's your call of the day. one analyst ringing the bell on

a stock that wall street loves to hate. we bring you the name. the mystery chart. >> we love mysteries. >> it's a lot. all that and more ahead but we begin with what else a race to new records? tesla cannot be stopped with the big move today tesla now a market cap of more than $100 billion. making it the second most valuable car maker in the world only second to toyota. stock now up 40% this year it's 14 days into the year 40% in 14 days guy adami trading today nearly 30 million. 50% higher than the ten-day average. is this real investor interest, guy adami, or just one of the greatest examples of short covering that we have ever seen? >> and you know typically the questions it's a combination there of but i think in terms of picking a side, i think shorts are finally capitulated.

i don't want to continue to come on here and say how wrong i've been i've been wrong and try to pick a top. that's been futile at best but you are talking about a stock that was 175 or so back in june, july the move has been incredible it's clear that there are things going on with tesla beyond my comprehension. i understand that. but to your point about volume, big volume spikes like that after a move of this magnitude historically pointed to at at least in the short term some type of short-term. >> but you have analysts tripping over themselves to raise target. >> that's how you get the calls. >> i understand. >> talking about it today. you have to be the high number on the street then you get the attention from us. >> it's not about the high number on the street. >> i think you are right, steve. it's hard to believe but. >> it's not about being -- being getting the most calls on the street it's about they look so poor on the -- now they have to trip over themselves to raise price targets and people rush in buying the stock because they

raise the target and it seems like a fool theory. >> tim, you sat down and said what else can we say on tesla. >> i agree i don't have an idea perfectly blunt. i have no questions on tesla i don't know what to say, to ask. nothing fundamental has changed. i think this stock just from looking at 20 years of history this stock is purely being run by the charts and the momentum at this point. because nothing fundamental has changed. >> well, so, look, $100 ago it was at a point where i don't think it makes sense now i'm not changing my view but it's not something i've been short the last $100. i do have puts out there i can't reverse field in terms of my view on the company. i do think if you look at -- steve did a nice job with the short interest i would have told you $50 ago despite the fact that short interest is where it is that this thing was well beyond the skis there's been nothing fundamental. i don't care

president trump aside this morning. i'm glad they are fired up for the innovation at tesla. at some level we all are but january 28th when we get the restatement terms of where we are in 360 to 400 deliveries but i want to see the profitability of the company i think the china announcement two weeks ago that started the year were also without any detail which is often what we get here so, look, wrong. wrong. but i can tell you that fundamentally nothing has change for me until i see the balance sheet and the profitability change. >> i'll follow up with one more tim before going to karen. 360, 380, 400, 410 on the deliveries, does that matter when you talk about a stock that added, what, $35 billion or whatever in market value in 14 trading days it's added a ford in market value in two weeks of trading.

>> so look, again, this is extraordinary even by tesla's own performance historically this is something that i think starts to get into, yeah, look, there are some big shorts that capitulated, some folks i think have added to it i think the fact that the street has fallen all over themselves, whatever we are calling this, it's -- no one has articulated a fundamental basis for moving the target higher. no one. >> the one thing that has change i think is the balance sheet in that with the stock so far above the conversion price for the convertible bonds likely they can be converting to equity not debt that's one thing on the balance sheet that's significant but in terms of valuation, i don't know, i -- you know, it's -- you got to be really, really optimistic on some future big evolution of the company, right. >> i guess what i'm saying, the only piece of sort of

information we've gotten is the shanghai rollout which people knew was coming. and elon musk's unfortunate dancing. other than that. >> the major story was the balance sheet. once you start to think about the company as not existing and now all of a sudden it's existed and people betting so much against it that you create the coiled spring. but the street consensus estimates on revenues and eps have been falling. >> what does that mean. >> they could step over those. when you say what does it matter they could actually beat when they report. and that will create another pop to the upside. but. >> will it. >> but 600. >> or is this the beat priced? >> the overshoot. >> this release better be perfect. >> well it doesn't have to be perfect. it ha just has to be better than consensus estimates. that's all the veet worries about. >> that's fair in other words if the bar is

lowered ironically as they raise the target price -- which is again is the data function, the head start in terms of the miles traveled i don't know but we have a case where okay, even the improvement on the balance sheet. but some of the big issues for the sustainability of a change in the balance sheet have to come from can they build the cars profitably, build them for $35,000. is there real demand a at a time when we know every other major player who could have ev offering desh deb maybe it's not tesla. i'm not leaning op tesla innovation i'm leaning on the competitive landscape, the inability to produce the big challenge has been for these guys scaling i don't think they are making the car profitability. if they improve in the short run. everything they are talking about requires massive cap examine and cash burn we haven't seen them overcome. >> this is an important story. we're here on the nasdaq, guy, adami. i've been here 20 years. >> why unfortunately.

>> i'm aging myself. and this is pretwitter obviously. but you get the same kind of reaction people will not -- they refuse to hear the other side of the tesla story. if you say anything critical of the company people want to attack you whatever. it's the group think on the name and appears to be going no the trading volume the product is spectacular model s is mileage is 100 miles better than the competitor cars with gorgeous selling like hot cakes but talking about $100 billion valuation >> i'll say this not nearly as long as you, the show is 13413 years old. but everybody says they want to hear the truth it's not really accurate people want to hear what reinforces the belief system when i say price is truth. i get pushback but the price of the stock is the ultimate judge and jury. we can tell you all kinds of bear reasons but when the stock

goes from 170? june to $600 or to today that's all people are focused on. >> okay. well as tesla races higher boeing woes continue pb the ceo hoping to calm investor concern. david calhoun saying he has no plans to scrap production of the 737 max. not laying off and they are not suspending or cutting the dividend but investors appear to be giving up on the stock wiping out last year's gains and breaking below 2018 lowers karen what do we do. >> you have to make some bet on when you think the 737 max will be flying and how quickly they ramp up and how damaged is the brand? and how much do they have to discount the planes going forward? i don't know the answers to any of that. and i think that boeing doesn't know the answers to that yet we keep saying the dates pushed out, the lart we heard from united was june or so. i don't know still, the valuation is kind of

rich >> it is still rich. >> amazing that we. >> i feel there is more cracks in the boeing story in a handful of weeks -- in 2020 versus what we saw raft year i remember we sat around the desk and i would look at it and say i can't believe the stock is up 10% for me i feel like -- >> i think the reason for that is -- is there was a time line when you were getting back to max 737 production and also you weren't getting to lack of production you weren't going to disassemble essentially a production process. for the bulls, what the i've heard over the last two weeks though is not necessarily anything specific in terms of a time line. what i've heard them say is we don't know i've also heard the company go out of their way -- and they said today this allows them to put enough time in with the regulator at every level this is a company lamb basted for being arrogant about how they approached this with the

regulator. they have done a complete 180. >> they should have. new ceo. >> delays have extended. >> so far i don't know that -- look, we know ner getting out of the ground in january. analysting rightly investors have done what they are going to do but even when united says we are not buying until the summer. huntd has a pr nightmare on their hands. what are they saying they can't say we expect it in the second quarter. >> think about it they are extending delays and customer compensation is going up you have the two things coming at you when you look at the stock level trading down to 302 today. look at technicals, 2941 support and that goes back to january of two years ago basically when you look on the charts i think you have more pain to come i think you need a real big flush. i think there are still lower prices to come. >> brian you brought this up when you were on the first but are people willing to get on the planes >> no. >> and if you go to the travelosity sites if they have

another dropdown saying this is the plane and it's problematic. >> you wonder what happens when and if the plane goes back in service? you got a 7:45 houston to houston that's a max people flood the united a.m. united is not taking off if they are 80% empty. they are going to boeing and say our customers won't get on your product. what are you going to do to us i'm talking about from a financial impact perspective you have to consider that. >> 100%. >> they have to change the name. right? >> well, air lease says that. >> could be like president trump said that on the max. >> they can't do that though you have to tell the public -- that will be a whole another pr nightmare if they change the name and people are jumping on the max. >> new and improved it's now the whatever. >> well we are getting started here on "fast money. up next texas instrument shares

on the move in the after hours we find out if that stock is worth your hard earned cash. fears grows as the deadly virus spreads. dr. oz is here we are live as always from the nasdaq market te isin times square much more "fast money" right after this - [narrator] at southern new hampshire university, we're committed to making college more affordable. that's why we're keeping our tuition the same through the year 2021. - [woman] i knew snhu was the place for me when i saw how affordable it was. - [narrator] find your degree at snhu.edu.

whether your beauty routine is 3or 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.

can you help keep these iguys protected online?? easy, connect to the xfi gateway. what about internet speeds that keep up with my gaming? let's hook you up with the fastest internet from xfinity. what about wireless data options for the family? of course, you can customize and save. can you save me from this conversation? that we can't do, but come in and see what we can do. we're here to make life simple. easy. awesome. ask. shop. discover. at your local xfinity store today.

. and welcome back to "fast money. we have an earnings alert for you on txn texas instruments, the stock moving down a little bit they reported the results after the bell lets get to josh lipton with more on the quarter. josh. >> so brian, why that sort of lack of enthusiasm in the after hours, i caught up with rbc mitch steeves before the call started. saying basically they hit the expectations across the board. in his opinion no change to the underlying story guided effective in line with eps and revenue. texas instruments is a bellwether he says the good news is that semi companies seem done with cutting numbers. on the call the executives noted the market as they see it moved from increasing cautious customers to results and behavior reflecting they said demand stabilizing by end markets and industrial automotive that's the two

biggest they established momentum andsee great opportunity ahead. these will be fast growing semi conduct ert markets. a sprint coming as the intraday mms hit the all the high off 2019 was the best since 2003 back to you. >> lets trade up ti up 38% in a year this guy adami is a stock that doesn't get a lot of love. >> doesn't get a lot of love but the stock is making all time highs. trading 27 times next year's number analog is their business that's the big revenue business. analog revenues profit $1.0 awell. that's great except down 15% year over year and embedded processing is down 31.5% year over year. they peteo beat on eps but basically no growth with the 27 times next year's numbers.

and the market is betting the whole tech revolution continues. maybe it will but with valuations that don't make sense. >> last quarter wasn't shiny and revenue on eps came in light, 11 percents 9% respectively. they have a broader array of product line amd is more centralized. i'd be with the amd and nvidia rather that over texas still. >> texas has outperformed the broader chip market. wherever we have taken the move straight higher it's had a nice rally. beats on the midpoint on the range and top on bottom line and the fundamentals here, i think people need to see the analog industrial space begin to really show some growth before they get excited about the name. >> i mean we are hearing sentiment about growth coming back and confidence coming back. i think, you know, it's just the

stock was up $17 in the last two months maybe so the bar was pretty high i think it's a decent quarter was the bar was high going into it. >> good discussion on txn. up up next big time guest on big time name. his expert take on the coronavirus. >> come on, doctor. >> is there a doctor in the house. >> right after this quick break. hey, saved you a seat.

this round's on me. hey, can you spot me? come on in. find your place today, with silversneakers. included in most medicare advantage plans. enroll today by calling the number on your screen or visit getsilversneakers.com

welcome back we are continuing to follow new developments of the spread of the mysterious coronavirus world health organization officials holding an molden meeting in switzerland the virus killed 17 in china

sickening hundreds of others lets get right to meg tyrrell following the story all day long joining us back at h with what we know. >> we were closely watching the world health organization to see if if it declared this a public health emergency of international concern. joining it just five other outbreak designated since 2005 including ebola and zeka they said they needed more information and time to decide and will convene again tomorrow. what the committee did say, there is evidence of human to human transmission of the virus. so far observed among close contacts like family members and health care providers. there is no evidence to date of ongoing transmission after that. and while the virus is in the same family as sars and mers known as coronaviruss it's not known if this spreads in a similar way. just how easily the virus spreads among people and how severe are things public health researchers are learning meanwhile, wuhan where the

outbreak has been going on since last month there is measures to shut down travel out of the city temporarily closing airports and suspending other modes of transportation no small moves of a city of 11 million people public health researchers like rebecca cats at georgetown could push people to avoid authorities and spark paken .w.h.o. commended mcin information sharing and of course we'll be watching for news from the agency tomorrow. brian. >> meg, thank you very much lets talk about the growing threat of coronavirus. joining us now is dr. oz obviously hosts the dr. oz show among other things and pleasure to have you on. >> thanks, brian. >> lets start with this. what do we know? and how worried if at all do our viewers have to be. >> they need to worried but i don't think the w.h.o. was making a mistake when they stalled a bet. meg said the right thing we don't know how fast it's

transmitted from person to person actually on the show this week i have mink shai in a food mart showing how it start the first how did in come to human can it happen again and again. >> and sars cost china 2003 $50 billion that's a lot missouri money to lose you have to make smart decisions and not paralyze yourself. china learned from 2002. this time they are wide open about what seems to be going on. whereas in 2002 they hid it -- we discovered it and no one trusted what they were hearing that was a smart move but in the food market when people live in close prox it with wild zms. and this was a fish market where there were a lot of live animals. many so of the coronavirus sars was also one of those they are like the crown, little crown pits off a virus once it gets into us sometimes

sometimes it's weaponized passing from person to person. how fast it gets past is part of the equation now deadly and how fast is the spread. >> sars was deadly as you said sars bad. >> mers was deadlier. >> look at civic cat, swine flu a lot of it animal born. what about the treatment is it this you are in a he canwayened state is it survivable. >> definitely survivable even the mers which is the most aggressive was a survivable problem. the currently the folks passed away from the virus they are generally more frail with risk factors frailness tis it's not taking out young healthy bucks from the population. that's something to keep in mind. >> for what brian said, right now it looks like a mortality rate of 5% sars was around 15% mers was 30%. what are the odds are we so early can we put stock in the

fact that it's a 5% moerlgtsty rate or can that jump. >> much too early. because information travels quickly and we have better technology is can we slow the spread is it possible look at heat sensors done at jfk and a bunch of other airports will they work the problem is the it takes a couple days to express the illness once you get the virus and one thing that makes it important. you borrowed panic people think i'm getting caught up with the virus people it's not lep rossi generally speaking you'll be okay that stated nobody wants to have an illness we can't cure because we can't cure the common cold >> what's the incubation period for this. >> four to five days if iget off a plane in seattle like yesterday or today. and i have the virz -- everyone on the plane it's not the person next to you getting sick

it's the person diagonally if you're on the airplane do two things take the air module and aim it at your chest and clean the arm rests and the table because the virus can live there quite a long time. >> that's comforting. >> comforting. >> and i understand. >> you're welcome. >> i understand there is a reason to aconcerns and the president was on he said seems to be well contained and not a big deal it sounds though over the last six hours to become a big deal my question is consumer behavior is a huge thing. this economy is 73 driven by people flying to places. and buying things. will it get in people's head saying i'm not getting on the plane to seattle. >> that's one of the ways the viruss are spread. that stated i don't think this is the virus we should be scared of the fact that the it pass from

passed from a animal to human more humans and more animals especially in crowded places like china means more and more of these faster. we need a rapid response team. identify quickly that was done. open up quickly. that's done. we don't have a solution to the common cold. and we need vaccines faster than we can the best right now is wsh hands and don't cough at people. >> that's a cheap vaccine, thanks, nice. >> yeah. as you probably should to extend on guy's question. we don't want to put the economist hat on but i bet you could do a good job. >> i went to business school believe it or not. >> you have all the degrees. >> he has all the tickets. >> the good doctor has all the tickets. and the question is you articulated china who spent $50 billion on this. is your sense with technology, with the communication that we have had, people have

overreacted on an economic impact perspective on this before we have seen it with all the other diseases we talked about am i putting words in your mouth to say that you think that actually this is not going to be the big one? >> i don't think it's going to be the big one we don't know for sure i don't want to give people false hope but i believe we'll get ahead of it the kmkt impact may be there but emotionally you still think am i making the extra trip, bother making a deal happen where i want to sit back a couple months and time passes, the windows altered. i believe we'll have more of these. the good news as we get better and i know the science -- better at finding viruss quickly and getting ahead of them, the economic impact should shrink not grow. >> lets change topics. the economic impact and trading impact, beyond meat, beyond belief to some forget about the stock fundamentals, are you a blefr in the plant based meat movement? is it healthy. >> two different questions

that are being posed here. so the the first is do i believe in these new generation vegetarian meat sns and i strongly do. it's not impossible meats inbeyond burger. they have a bunch of, black bean burgers included but there are chicken alternative was bacon alternative all have a health argument but at the core lets go over basic numbers the business is $857 billion business by 2030 that's the rough number most people agree is real. if that's the case -- we have six fold increase in vegans that's not the real mechanic the real market is two thirds of millennials and generation the beliefs now converge really want to lean green not vegen they will eat something with a face once in a while, meat, stake. >> you put it like that i might stop. >> but do they think it's healthier. this is loaded with saturated fat, more preservatives. >> i love you it's perfect

exactly right. >> it's crazy. >> all that stated everything you said is correct and no fiber in meat so it does have that one benefit. but across the board if i compare the new alternative chickens to old fashion chicken there is no difference right it's basically match up how you cook it is what makes it good or bad for you. but at a broad level it's better for the environment which carries the day ultimately looking at people around the planet who lean green, even vegetarian 20% in heart disease, diabetes if you have diabetes in america you need to cut out meat that data is out there we should take advantage of the insight. chronic illness, our big program this year the most successful new york program called system 20 leans greening with greens and beans and and the protein from sources you can eat meat and intermittent fast. >> wait, i thought. >> i thought the most important meal of the day 20 years ago we

had to eat a bowl of cocoa puffs. >> that's advertising pitch 100 years old. >> trying to sell us products. >> that was doing ma left over and never had a firm medical foundation. >> eat when you're hungry. >> eat when hungry kids don't eat when they are hungry kids don't have a choice for the mere moerlgts around the table you shouldn't eat breck pass fast bus you are not hungry when you get up. >> we're a trading show. we'll drive home or watch tv you are seeing a ad, the fast food ner creating a fourth meal. they introduced the snack at 3:30 sporesed to get a wrapped type meat product. >> i'm okay with that. here is what i would do if i were you i didn't learn this from doctors. >> your favorite fast food restaurant. >> i'm not going there calling me out i learned this actually from

actors, they look like gazelles around the award shows they don't back into the bodies they actually many intermittent fast you eat food from 11 in the morning until 7:00 at night. if you finish the meal at 7:00 then when you go to bed not hungry but by the morning fasting which means the body now shifts the metabolic switch and flips it and no longer do you feel hunger going a few more hours is easier. go back 10,000 years ago woke up with no food no one made the breakfast table when you are sleeping in the cave stalk the prey mental focus is better you happen to lose weight. eating the same number of calories over eight hours won't gain as much weight. it's not calories in to the point about extra meals i'd rather you have a big lunch and snack at 3:00 and reasonably dinner at seven. >> we need him on once a week.

>> more information here. >> you did the ironman you dropped great. >> i lost 48 pounds. >> and gade gained back 68. >> turning to media, netflix out last night dr. oz you are the kings of all media now. done it right, figure to do out what is the future of digital media? small question you got 30 seconds, go. >> great as it could be possibly i learned the busy from oprah winfrey high pressure. i learned on her show oprah university. >> her goal is simple. focus on the viewer never compromise that you do that on the show when do you that over medium you do it in they will follow you. although i'm on television show in the 11th season and proud of success. the ultimate transition to digital media continues to occur. i have to meet people where they are as you do. digital media will grow. getting smarter in customizing oprahen astarted a company all the information one place.

the future for me is artificial intelligence in the pocket with share care giving you coaching about what you need this second. when it's not working turn you to the health care system. if we connect people to the health care system when they need we save money all the democrat candidates have been on my show. tom steyer the american college of physicians is recommending universal government government paid coverage. one of the biggest doctor groups i think the solution is getting people to have a doctor they trust. and if you don't get a dr. you trust for cheap and it's hard to do it's in here this can coach you and curbside consults taking you in the direction you want to be that makes it easier save us a ton of money deal with the obesity crisis if we deal with that there is no health care crisis. >> you can't even talk about it it's politicized immediately. >> the idea of using technology to make any system you love less -- more affordable and better quality can't be lost in

the political discourse that's a democrat and republican issue and because it's american opportunity we should drive the planet. >> i'm going torway jog now. >> put him on a ticket. >> let him do something else else check the box. >> dr. oz a pleasure to have you on "fast money." >> congrats on all you do all my buddies texting me get brian's signature get a picture with him why do they say that. >> brian sullivan, right >> and by the way, we're doing a picture in the commercial break. dr. oz thank you very much. we got -- wow we could dissect that a lot much more -- a lot much more that's good confidential i'm flustered. blushing here is what's coming up. coming up, the intel on intel. what you can expect from the tech giant when if reports results. and later, dialed in one top ranked analyst says it's time to buy this telecom stock we'll bring you the name

and as always you can watch or listen to us live on the go on the cnbc app "fast money" is back right after this this is the age of expression. everyone has something to say. but in a world full of talking, shouldn't somebody be listening? so. let's talk. we are edward jones. with one financial advisor per office, we're built for hearing what's important to you. one to one. edward jones. it's time for investing to feel individual.

things you can do with schwab: you can earn more when you invest your cash. you can get a satisfaction guarantee. you can also wonder why our competitors don't offer that. schwab. a modern approach to wealth management.

all right welcome back cnbc has another big interview

coming your way from davos tomorrow treasury secretary steven mnuchin joining the gang at 8:15 a.m. eastern time. trade and economy and the whatever else is on the treasury secretary's mind he is just the latest from the line up from davos president trump sat down wit cnbc today taking aim at the fed. listen to what he told joe kernen. >> had we not done the big raise on interest. i think we would be close to 4 and 5,000 to ten thousand points more on the dow. that was a killer. and they admit to it they admit it it i was right. i don't want to be right but i was. >> the next guest is chief investment analyst he says trump might have a bit of a point. joe welcome back to "fast money. what do you mean he says he is right. was he right. >> you know, i think the big are point here is that we are in a

liquidity krifen market. this is not fundamentally driven market it's not a market where you see earnings gains and healthy underlying revenue and profit marlanaens and things. we're in a market completely driven by central banks around the world. and 2019 was the year where you went from massive, you know, hikes to cuts, right you had more central banks cut rates in 2019 than any time since the financial crisis we went from balance sheet tightening to expansion of balance sheets again that liquidity has fueled markets, pushed them higher. >> in december of 2018 if i remember back in those days, the fed raise the rates, the market fell 18% it came back ended the month down 8 or 9% on the dow and s&p. if the fed comes out and indicates they would like to tighten on monetary policy, does the market fall another 15 to 20%. >> what the central banks have done right now is bought a lot of time. the headwinds the economy faced was including trade, obviously across the pond we had uk and

brexit i think the policymaker bought time i had a boss said joe if you have a problem solved with money. he was on his third wife so take the advice for what it's worth that's a policy we have seen in the markets and what they've done the last couple years. >> i agree with that don't fight the fed and all the clishas that are the right ones. but you think about we're to getting more fed than in 2019. if you think about the fact that the delta in 2019, which was incredible, the fact staying still right now i don't think does enough. and is the fed going to keep this money market surplus in the market i mean you are talking about $400 billion that i recognize we had a big problem. and i don't think the fed was telling us how off sides they were a year ago. in has to be painful. >> there is an economist who rose to prominence in 70s called herbert stein and stein's law i'll par phrase.

he says that which can't go on forever won't. i would love to come up with something patently obvious and have it named after me i'm working on things and watching simpsons to get the inspiration. >> dr. oz came one a few. >> he had. >> how about zydela scope. i like that. >> nice. >> done, we're over. i was singing for a living doing hiphop r&b but that name was taken. but i chose investment strategy >> when you start to look at what can't on when it ends it ends i've been waiting for value to outperform tech. it seems as though everyone is rushing in, looking for growth the only place to get growth are in a handful of names on the technology side or through the gamut of technology names. when and does value ever start to outperform or does the whole market go down. >> i don't think we see the environment where the whole market goes down we will see volatility and choppiness.

and the ten surprises for 2020 one of the things we talked about multiple 5% corrections. because i think the market has to mark time while earnings catch up to prices, right, because we haven't seen earnings growth i don't know if it's happening in 2020. it might be something later. because i don't see a strong environment for corporate profits even now but i think we'll have to mark some time. if you put 2019 into context, think about it this way. record high returns, like one of the top 12% for returns in any calendar year and record low volatility volatility was at 1% the lowest 1% we had seen in a calendar year. policy makers delivered that i think the effect is roll be off there will be opportunities. >> glad you chose this and not r&b. >> thanks for having me. >> with the coronavirus and everything else. joe decidele blackstone thank you very much see you soon why is the vix -- well. >> i'll tell you you want a

answer to that question. >> the banks. >> does the vix measure risk anymore? used to be called the risk gauge. >> i think it does but i think to answer the original question was why is the vix -- because tim just said, central banks around the world and the passive investing that's become all the rage taken all the volatility out of the world. one thing quickly joe mentioned, the president and the fed talking about if the fed didn't do what they did i have no idea where the market would be you can't do the counterfactual thing. the fact we talk about the fed and markets in the same sentence is problematic the job of the fed is not to make the markets go higher it's about the economy and two couldn't be more mutually exclusive. >> you're right except there is no question about the enact fact gnat fed got with the administration 2007 appear targeted asset inflation. and it happened before this. >> go back to the greenspan area. >> and long-term capital for

sure but another thing joe points out because volatility comes with less fed process the other thing that's different about 2019 is positioning. today again we had another measure of how euphoric or well positioned the market is it told you we are at levels on bull/bear which is a measure i follow says we are back into october of 2018 levels. the market is well over its skis at some point. and that's different than where we were for 2019. >> good warning there tim seymour thank you. the intel on intel coming up. set to show oft quarter tomorrow we find out what the options market prices in plus one wall street firm is making a big call on the stock that word call is a clue there is the mystery chart. >> i think. >> talking about sdienng your guesses ahead, stick around. bu- cut. liberty biberty- cut. we'll dub it. liberty mutual customizes your car insurance so you only pay for what you need. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪

this round's on me.eat. hey, can you spot me? come on in. find your place today, with silversneakers. included in most medicare advantage plans. enroll today by calling the number on your screen or visit getsilversneakers.com

all right. welcome back to "fast money. apparently intelligent investors. >> like what did you. >> held fast on intel over the bumpy road the past year falling to $45 a share intel rebounded to a new year longitude. but they are betting it's cooling off with the report

tomorrow lets find out why with mike cho out west and "options action." >> on intel we saw a little over three times the average daily put volume in intel. and the options market right now implies of move of

♪ ♪

♪ supporting innovative companies that will shape tomorrow and building workforce development and tuition-free college programs to generate the talent companies need. with a $150 billion investment in state of the art, modern infrastructure, and a nation-leading commitment to low-cost clean energy,

new york is doing more than any other state to build for the future of your business. new york state, the state of the future. learn more at esd.ny.gov. which is why xfinity mobile tdata,is a different kindent. of wireless network

that lets you design your own data. choose unlimited, shared data, or mix lines of each and switch any line, anytime. giving you more choice and control compared to top wireless carriers. save up to $400 a year when you switch. plus, save even more with $150 off galaxy a70. click, call or visit a store today. all right welcome back to "fast money. it's time now for your call of the day. we gave you a couple of it's hints. call, pick up the phone. ringing the bell the answer tim seymour got it. at&t deutsche bank says buy the stock noting it as unique scale across the media and communications businesses investors buying into that call, a bid today, tim you have been long the stock wow. >> yes. >> you're in that. >> i'm getting that too. >> either the aliens taken over

the planet or all ifbs went out together we're free forming. >> nothing sexy going on as much as sometimes people try to spin. maybe i have tried to spin the content and sum of the parts what deutsche bank is getting to is a couple of things first of all saying if you follow management's proposal on in terms of where they are on capacity on the network but more importantly follow the numbers, the street is half on eps where management is guiding. usually the other way around and that's bizarre what they are saying is couple things related to the core business first of all the capacity on the network. major cost savings they are passing on to consumers but also on to investors and that the dividend yield is very interesting and very safe. we never by a stock for that at least a lot of of us on the though li show like to buy for dividend but if you think about a company with debt issues, their net -- essentially net debt around 2.6 times. aim to get it down to 2.2 and

that means the company is in a different place than they were. >> balance sheet is kbrofgt. not where it should be $44 price target reports on the 29th it trends that way you own it into earnings. >> deutsche bank says buy at&t that's it for this segment we have your favorite segment coming up which is final trades. get them down. write them down. we're back on "fast money" right after this ♪ ♪ ♪ ♪ ♪ ♪ don't get mad. get e*trade, dawg. when i lost my sight, my biggest fear was losing my independence. mmm... good.

so i've spent my life developing technology to help the visually impaired. we are so good. we built a guide that uses ibm watson... to help the blind. it is already working in cities like tokyo. my dream is to help millions more people like me. it is already working in cities like tokyo. through the at&t network, edge-to-edge intelligence gives you the power to see every corner of your growing business. from managing inventory... to detecting and preventing threats... to scaling up your production. giving you a nice big edge over your competition. that's the power of edge-to-edge intelligence. that's what happens in golf nothiand in life.ily. i'm very fortunate i can lean on people, and that for me is what teamwork is all about.

you can't do everything yourself. you need someone to guide you and help you make those tough decisions, that's morgan stanley. they're industry leaders, but the most important thing is they want to do it the right way. i'm really excited to be part of the morgan stanley team. i'm justin rose. we are morgan stanley. finally i see the power of

personalization technology grow for your franchise if the other guys a personalized and yours isn't. you're getting eaten alive it's a necessity all right. time for final trade around the horn. hi, tim seymour. >> atennessee, the deutsche bank call is one that nothing changes in the business but more a efficient business model where the free cash flow pays you something back at&t. >> karen. >> last week target reported disappointing earnings and said lets see it shake out a bit where it wants to come in. now is the time to buy i like it here attractive i think that was ha one quarter misstep. >> back into target. >> i am. i never left it. >> doubling down. >> yes np shake shack, i've been long from lower. i still think it has 50% upside in the name. it got a price target downgrade or lower of price target and closed green shake shack. >> dr. oz would approve.

>> he mentioned 20 years i mean is that the coolest guess. >> amazing. >> final trade you're a buy are of oz. >> i'm long oz and long blackstone. that sucker is a rocketship. >> thank you very much everybody. see you tomorrow night "mad money" with jim cramer starts now