this is the first thursday sis thanksgiving ten thursdays in a row a quirk. friday is a day current day where the bond yields are depressed we don't know what we hear over the weekend. lets see what happens tomorrow. >> nice to be with you. >> thank you david. >> staying up past bed time. >> yes i am. >> "fast money" begins right now. yes, it does, live from the nasdaq market site, "fast money," i'm brian sullivan a big show tonight we got guy adami on. and guy adami on the desk. agoon are guy adami. tim seymour will join us shortly. he has a story why tim and guy? only because we have two special dwefts tonight including the biggest man in bonds. scott minerd running $265 billion and despite being known as a bond guy he has a view on stocks you want to hear laura cain head of them attic

investment at global welt management your "fast money" debut. >> yes. >> thank you, welcome good to be here. >> and scott's debut as well. >> first of all tim talking about it happens in new york subways break down he is on a subway. rafi is watching. >> rafi watching. >> give him a shout out. >> it will be great. >> ton on fast the earnings bonanza continuing in video, roku and the reaction all three stocks here trading up nicely in after hours. plus, scott, you don't know this we do a mystery chart. >> sure we do. >> it's a chart. it's a mystery after a volatile thing is poised to pop we find out what it is and today but the market says the musir tesla. you figured out the video tonight. we're shaking it up a bit. change is good we mitt the microin specific

stocks you come to love on the program. but given all the stuff going on coronavirus, the fed's non-q.e., q.e. central bank easing we're going macro. having laura and scott gives us the perfect desk welcome to you both. scott you came out of the piece, popped on cnbc.com on our website saying that we might be the market's -- the economy might be underestimating the ultimate impact of the coronavirus. how much and why >> well, wrieen when you look at the data just now if the coronavirus stabilizes in china our estimate is we could cut gdp to negative 6% in china. that's without continuation of the epidemic. >> wait a minute, right now running at 6% positive. >> people saying maybe shave a couple%. you think china could go negative. >> negative. if you saw new car sales today

in china, down 22% for the month of january all right. this thing is having a really hard impact in china and of course, the expectation is that the chinese are underreporting so it's probably even worse than what we are seeing but then you know the question is how much of this spills over to the u.s. and europe overall, we think that global growth will get -- lose two points in growth over the next -- for the year or for the first quarter. >> 2%. >> 2%. >> that's all the growth. >> well for the u.s. we're running a little faster. but the global growth in aggregate will be down 2%. china is half of that. but the -- nothing is priced in relationship to this that seems to be making sense we have treasury yields at lows. they're the haven asset coming from all the money from overseas as a way to escape risk in the

coronavirus. and at the same time stocks -- i don't know how we closed exactly but we were flirting with new highs all day. >> hit them actually closed down a bit. >> listen i'm with scott and wait to have laura here as well. and tim joins us in a few minutes. but before anybody heard the term coronavirus i grow bond yields were led headed lower and gold higher. i'm shocked we find the volatility index hovering around 14 it's madness the complacency is such that people don't think the market can go lower they've been right but this might be the exogenous event. i can't speak to minus 6% gdp for china. but even if scott is half right that's traerk. >> we think the impact will beite isolated for the first quarter. i do agree there is some complacency base baked in. i think the markets reflect a

scenario where the virus is contained some time in the first quarter of the year. and up to this point we have seen mostly demand story in terms of people being worried about demand for commodities and products once we get to the supply story where we see impact to the international supply chain that's where the world becomes concerned. but that's not our base case. >> but that's a domestic european story, the supply chain which we can probably go two weeks before that becomes a problem. but when you look at the china economy itself, even a 2% decline is big but when you consider how much capacity has been taken off line, a lot of people don't even realize that beijing which was locked down for two days -- you know, in that sort of environment people are not going to go to work. you're not getting output. and it's unlikely that we're going to return to, you know, any sort of level consistent with the prelunar holiday.

>> and tim seymour glad you made it. >> thank you. >> skapd escaped from the underground. >> seemed like that a bit like that. >> scott thinks worst-case scenario we could see china contract by 6%. >> i don't think there is any dw about that you look at global gdp downgrades ubs down to 0.6 the first quarter globally and the conversation for stocks if you think about the nasdaq 20% over the 200-day moving average, and the dow jones, whatever index you follow, 2018 had a blowoff top for markets in january 2. markets weren't overextended here we are in an vurmt talking about real fundamental hits to the global supply chain and global economy but markets in a place where they are as overbought as they've been any time in the post crisis environment and it's all about central banks. you think about in, this is 400

billion of money market liquidity. the correlation of the markets, that's what we are trading on. >> i agree completely. it's interesting there is sort of a esoteric debate going on where the fed says this is not q.e. but the market think it is. >> scott, why are they being so hush because it seems to obvious to us. >> well it's interesting they make it -- i just came from the fed and make. >> don't give away the secrets. >> do you have any money. >> no the gold bars. but they view q.e. as being what they did in q.e. one they view large scale asset purchases as being what came later. >> right. >> they're making this distinction. but, you know, if you go back and look at bernanke stayed said one month before quantitative easing he said the important thing is the fed balance sheet and reserves what the assets look like out of the balance

sheet is irrelevant. >> that's their defense, qualifier. >> right. >> i take the opposing view. i don't think the markets are entirely rate driven at this point. that's definitely part of the story. influencing markets. but i think there is also some underlying strength. if you look at the unemployment market consumer strength. and also the trade relief we got i feel like we haven't been talking about trade as much anymore. but coming into the year or mid-january we thought we were seeing this pickup in manufacturing. u.s. pmi punch above 50 again. there are things to be optimistic about, beyond just the rates. >> the core economy is good. nobody will debate that. we can debate the reasons. but whatever the reasons, the economy, vis-a-vis the numbers are pretty good. i think the black swaun here laura is luckily thankfully we have only had 15 confirmed cases in the united states lets keep it there if you wake up one day and it's 100 or 200, i could see a situation where dow futures are down 500 points.

>> sure. i mean i think. >> we don't know what's happening. >> we don't. up until the point the cases outside china have been contained. if something disrupts that narrative we would be more pessimistic. >> but if you look at the number of cases in the united states that's roughly the number of cases reported in china the first week of january. and we had this exponential growth curve in cases. you know, if you scale it based on the length of time the first case appears, we're following the same trajectory that china did. >> right keep in mind i think the chinese have done a lot to control this even in terms of quarantining individualing and flights stopped flying in and out of china. a lot of efforts are undertaken. i don't want to discount those. >> anyone claiming they know where the virus is going is shooting from the hips. >> i'm not here, tim. >> i got to work on time a little bit the bottom line is. >> xi jinping?

>> anybody that says they have a call on the impact of the virus or the duration of the virus doesn't have any ability to call that but people that look at sars 2002, 2003, look at the environment, look at the short term retail stocks buying cathay pacific in the end of 2002 you are pennsylvania hero the short term duration. we had a naysant recovery coming back to the markets. and what does it do to that? because this by itself, i'm sorry is not enough. >> we have more to talk about tonight with scott and laura and guy and tim. stot scott's got a big view on equities you want to hear. coming up, the latest numbers who moving fast and furious after the bell a lot of stocks in the green plus, the trillion dollar elephant in the room with the ballooning deficit, what it means for the economy man investment scott will tell you how it might end up and whether you have a deficit hawk owner listen live on the cnbc app.

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julia boorstin out west. and josh lipton is all over nvidia. >> josh. >> brian, nvidia surge something after hours. beat on top and bottom guidance for q1. taking the guide down by 100 million to account for the potential impact of the corona viruss but about $3 billion that beats what the street was looking for. talking about the segment, gaming segment at 1.5 million. in lain with forecasts but the big number here was the data center number, better than expected investors of course focused on that sentiment because the chips kaerp higher margins i checked with rbc's mitch steeves. i wanted his take on the quarter. he covers the company has a high price target at 301. he notes the data center number it crushed in his words expectations at 968 million. notes the gross margins improved to 65.4%

nothing in this report, he argues, not to like for investors. the call starts at 5:30 eastern and we'll be on it. >> josh, thank you very much investors like it, tim. >> the thing about in stock is they'd liked it into the number. up 15%% year to date relative to itself the stock is cheap. i'm not tie going to cheap stock. but he when the semis are off all-time highs that could be part of the last block in terms of other indicators of risk and markets. people are reaching out and grabbing companies with more growth data center 65.4% gross margin the gaming side came into the conversation when talking about the microchip and semiconductor area i think has less competition where these guys stand out. 280 is the high this stock hit 18 months ago and i think we are there. >> that's right. 282 was the high in the fall of 2018 i think it was october or so and the data center growth quarter over quarter you are talking about 30%ish

revenue growth you know gaming was light. that's okay. but at a certain point valuation catches up and it might be now tim's point at 282 level was a recent high. we have gone straight up you might see a blow off top tomorrow in the name and that might set the tone for tech the rest of the quarter. we shall see. >> okay. lets turn now to roku. that stock jumping on numbers. julia boorstin with the details on earnings. i guess dire predictions julia for the fate of cable television. >> well it seems to be good for roku those shares soaring on faster than expected user growth. but user growth accelerated to record addition of 4.6 million accounts in the fourth quarter half of addition ever users in all of 2019. the subscription and advertising revenue up 71% rock ur benefitting from a wide range of advertisers including disney plus which it pointed out sponsored the home screen to

promote the app launch the snarld letter coo anthony wood predicting the shift to stream in the coming launch of streaming services saying we predict by 2024 roughly half of tv u.s. household will cut the cord or never had traditional paid tv. as more the question of coronavirus, on the call just now, the company saying there's been minimal impact of the coronavirus so far but there is potential for more significant manufacturing and supply chain disruptions if the outbreak becomes more severe roku ceo anthony wood will be on cnbc tomorrow at 11:45 a.m. eastern. i'm sure he'll be talking about coronavirus, cord cutting and much more. brian, back to you. >> certainly will. maybe that's one all of us here have a keen interest in for a variety of reasons also julia we understand there is news on facebook that's driving pinterest lower. >> that's right, pinterest

shares dropping today on a report from the information that facebook has launched an app called hobby this app is designed to be an awful lot like pinterest designed to get people to create pages where they aggregate photos and share in re interests with their friends as you can see pinterest shares now down about 3%. it's interesting that as facebook's opportunities to acquire companies is limited by the regulatory oversight it's created an internal division to create apps and distribute them widely we'll see if this works out. >> okay. thank you very much julia. finally completing the hat trick throw the squid on the ice is exceedia reporting earnings seema modi with more on the quarter and the reaction. >> a story exceedia withheld guidance due to the uncertainty of coronavirus barry diller expects double-digit growth in 2020.

specking a cost run rate of 300 million to $500 million. it's the first report card since the firing of the ceo and cfo. both forced to step down by the chairman barry diller over differences in opinion over how the company should be run. on the call diller said for years we loots clarity and discipline we're going to stop doing quote dumb things. but exceedia warning it's going to be a noisy year because of the coronavirus. outside the virus three key challenges the company is trying to tackle 2021 driving margin expansion. number two growing market share as airbnb readies the ipo and finding strategic ways to compete with goog. the stock underperforming for a year but shooting higher up 109.5%. brian back to you. >> thank you very much hits trade that around the horn. everybody is reacted positively to everything tonight, guy.

>> roku is interesting and if dan nathan were here. >> he would be mad about the pinterest news >> he might be. >> he'd be mad about anything. come on get it straight. >> are you a pinterest fan get on my page it's staggering so good. but in terms of roku, you are seeing analysts raising price target morgan stanley downgraded in september. this is about growth and improving margins. as you like to say it's not rpu thing but it's rpu i still like roku. >> and short interest in this name continues to be a story and explains the moves you get on this the short interest is north of 10%. it's a stock that we know the move away from linear tv it's happening roku is in there valuation matters at some point. in terms of hours watched some of that is moderated something roku says are you still watching the hours watched nos as impressive but the guide for the year is

moving in stock right now. certainly in line with expectations >> i saw comments the ceo said something like they expect 50% of all cords are cut or never. >> have you cut the cord. >> what's that. >> have you cut the cord. >> personal question. >> i'm sorry. >> i have a 5-year-old piem a comcast employee. >> right on, man never cut it. >> earnings down but there is much more ahead including -- >> announcer: could global growth concerns have created an opportunity to get into some beaten down sectors? we take a look at some cyclical stocks that could be primed for a pop. plus, a monster loss for aurora cannabis in the latest quarter but can the newly minted ceo turn things around we've got thatnd l me a aotor when "fast money" returns. overdid what? well planned, well invested, well protected.

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i'm wearing his tie. >> are you really, tim. >> you're having a great fight. >> i tell you, the phone, city bike parked in the basement of nasdaq are you tired of hearing about the same old stocks. fang, maga we have them for you jeffreyys has them eight different stock ideas, the cyclical areas they say weakness in global manufacturing has created opportunity in some industrial names. among names are lithium make are or miner marathon petroleum about. united technologies. kenna metal. tell yum. >> they have something on the reflation trade. it's not a reflation moment for markets. if you look at yields i'm sure

this is part of the conversation yes, i think so. and i think -- we can all debate whether the demand side of the equation is companies is taking on life. think about free port. before coronavirus emerging markets and these trades were breaking out if we believe -- we said we can't predict the virus but we can talk about it as he when the dust clears we believe some of these trades are back on, yes. >> don't you think a lot of the stocks have a headwind with the expansion of esg because more and more i'm having to deal with in issue. and this black lining where they take oil companies are say they are evil by definition or miners people are going to be in mode of divesting of a lot of this stuff. >> it's a great call and your institution certainly is there to hopefully set the standard the way i look at it though is exxonmobil if they can hand me a

6.5% dividend yield which is what they are handing now. i feel like i want to grap grab that the reaction is esg momentum institutions don't walk that quickly with their feet. this is the sentiment but the wave of the future as a global citizen i'm happy. but i don't think it happens overnight. >> i would agree i think some of the larger oil and gas companies they may end up playing a part in the energy future in terms of investing in some of the more energy efficient or renewable technology over time i wouldn't call for all out divestment any time soon but it's something we are focused on. >> the question is how deep do you go in esg. electric cars are cool but to make the battery you got to lig up a lot of lithium appear cobalt, aluminum oxide a lot of heavy carbon use in manufacturing. by the way if you want to be esg who makes this anybody making a plastic. >> mopar nature. >> how far does it go. >> the bottle. >> i'm not owning coca-cola.

i'm not owning pepsico i'm not owning anything that makes anything. >> i would take umbrage a bit with electric cars with cool that's subject to debate. >> no combustion lag torque. >> as in not warm. >> now i understand. albamar reports on 19th. wait until then pete power pitch united technology. that makes sense and if there was a company that could amazoned ed, it's granger. gww. just throwing it out there. >> okay. so good discussion there the eight names. we said them so not again. lets get technical two of the names stand according to the next guest head and shoulders above the pack >> interesting. >> that's a technical term lets go off the clarities with todd gordon of ascent wealth partners. >> i saw what you did there brian nice. >> you're welcome. >> marathon, technically speaking i like it here. looking to spin off the speedway

brand. also new ceo come up in april. possibly a catalyst to make the inverse head and shoulders become a reality we have the 50 and the 50. 200-week mochgt average crossing here on the weekly chart there is a possibility to move higher this is weekly down to the daily. zoom in about the $70 region whereby stops go off and you might get a piece. only do it with strength the caution the desk put out was warranted in the names as you said to a these are best in breed of the names we are looking at number two lets look at utx guy mentioned it they are merging with raytheon or the second largest defense aerospace company, longstanding uptrend making new highs, very good in the defense as well as the industrial xli etf i like that. getting down to the daily. showing a bit of hesitation here we need to hold the $150 mark

here if you want a piece of utx in the portfolio on the daily chart. 150 is your holding point there you go just do a nice little uptrend there. you see the relative strength back off there a little bit. so again we really want to see that hold to continue higher or else be careful the one ugly duckling here i don't like here is going to be kenna metal. a lot of exposure to energy. international manufacturing. going no where don't like it. so stay away there also if i could quick happy birthday to my twin boys six years old home sick. >> little men, aww. >> todd gordon thank you very much looking at charts there. scott i want to ask you are a bond guy but you can do what you want we were talking before the show. you took me aback. you said despite all the concerns and you are worried about coronavirus. you could see the equity markets

rising 15% this year. >> square the two. >> brian, look, the whole world is running on liquidity. and central banks keep cranking out cash and it's going into the market it's leaking in, like -- the fed says we are just buying treasury bills. but when the guy who sold you the treasury bills gets the cash they buy something else. and so i think the -- we could have a severe setback in the near term in the coronavirus thing takes off. but it won't last forever. and i think 15% would be reasonable this year. >> by the way, connect the dots. is that why this repo move -- and the repo market is the probably the most boring sort of plumbing of wall street. >> y desks around wall street. >> the money market men. can you connect the dots between the fed actions in this obscure

insular market and the rise in the equity markets and the 401(k) values of everybody watching and listening tonight is there a direct relationship >> i think it's more indirect. because first it has to work its way threw the system and one of the places we see valuations get into the land of the ludicrous is on investment grade corporate debt investment grade corporate debt is approaching high yield is approaching its all-time historical tights against u.s. security treasurys in terms of the yield pickup that of course -- as bonds become less attractive that makes stocks more attractive it's interesting i saw something today, which was very interesting. you would have to -- to reach the actuarial sufferings that pension funds have to make, you would have to have 18% of your portfolio in stuff that -- you know like private equity and so

on so forth all of this pushing rates down is forcing people to move out the risk spectrum to hit their actuarial assumptions. >> is it risky in. >> yeah, i think it is you know. >> when i see the 10-year greek sovereign bond at 94 basis points 94 basis points. this is greece with all due respect to a great country but the country that has been at the epicenter of the european banking crisis what do you do with that >> it's hard i got to tell you, the practical question i face every day is our clients keep shipping me cash because they're insurance companies, pension funds some of this them are overseas in japan they want to put the money to work they have to put the money to work and they have to, you know, hit certain actuarial assumptions. and you know, here -- something attractive in the bond market these days, yeah, 1090 year

municipal bond rated single a like cal tech. >> you're buying $100-year bond. >> full to maturity. >> what is he a parrot or tortoise maybe a tortoise with that investing strategy who knows. we switch gears because we've been whale watching the hedge funds. we have a news alert laura cover years. back to dom chew at hq with what 13-f used to hold. >> yes, sully yes make the transition from turtles to whales now a third point, this is of course the hedge fund run by hedge fund titan and activist investor dan lobe in the newest release we learn about the moves he made, first of all most interestingly here they have a new stake, a $70,000 share stake, as of december 31st 2019

so, yes, this is a balance-sheet snap shot look at that point in time time. no telling whether they got riddle it or added to it but a new stake in amazon.com shares, about 70,000 shares there. also notable, microsoft is no longer a holding they held it before tp they completely dissolved that holding. gotten rid of completely their shares in paypal holdings as well other notable moves here being made on the media side of things. a new stake in the new viacom cbs combination. a 2.7 million share in the class b shares at the same time, they have reduced their fox corporation shares by just around 38% from 8 million to 5 million shares. also notable here, 5 below, the discount retailer, boosted their position in 5 below assist december 31st last year from 41 to 1.2 million shares. we are poring over the number

continuing but highlights new stake in amazon out of paypal, out of microsoft and upstakes in media companies by viacom and cbs and discount retailer five below. >> thank you be, dom very much. coming up up, how tesla added billions in value by doing something many thought would have cut the value by billions we get to that but first frank holland in california with a hot topic in the weed world what do you got for us. >> there is growing interest in hemp here at the world of ag kpoe the largest show in the world. the entire profits up of cbd we see how farms erand companies are getting into the hemp and are getting into the hemp and cbd business

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all right. welcome back this year so far it's early but so far shaping up to be a hot year for the hemp industry lets go back west to frank qb at the world ag expo in tulare california is it tulare >> it's tulare. >> gilroy. >> the u.s. cbd market expected to double in 2020 to $8 billion.

and that has created some high hopes for hemp cannabis cousin that doesn't get you high but a lot believe has medicinal benefits when turned to krbld here at the large ag expo the first time in a world they have a hemp pavilion. here they show farmers how to grow the crop and showcase the other uses for hemp and cbd from seeds to building materials, everything hemp is showcased here but hemp and cbd extends beyond the agricultural basis big brewers. constellation brands and moores. teamed up to create products with cbd cbd infused drinks to attract customers who may be switch from beer to hard settles other getting the cbd from a known brand. here in the u.s. hemp growing has exploded in 2019 largely duties to the passing of the farm bill in 2018. so supply should not be a problem. the question is demand and if

hemped derived contraband it help the producers who have seen decline. >> thank you very much, frank. sticking with pot space. shares of aura cannabis seeing a pop after what some considered disappointing if you mean. the ceo still optimistic about the path to profitability. spoke to cnbc earlier today. >> we go to fiscal 2021 starting july 1st this summer and deliver a cash flow positive business in that -- in that fiscal year to the shareholders and ensure that we, you know, become a more -- stronger balance sheet and a company certainly able to sort of supportitself with its own operations s. >> all right tim your take. >> michael singer who has been in the industry a long time moved into the chair when terry booth was forced to exit but either awayo way aura was a leader and needed to reassert

themtz in the canadian market. which isn't the u.s. market. it shouldn't an indictment but the market caps never matched the addressable market opportunity. the fact the stock is up is people expected to see further erosion of the gross margin. they came in down 15%. for aurora it's about good will and writedowns and what happens here because the company has a global platform but to be clear, the real business is in canada. and back to hemp, i mean, look, this could be the next great u.s. farmers industry. and i think we have started to see that in kentucky and parts of the southeast but i've been meeting with hemp companies the last month and a half that are looking at ice lit prices or the biomass before it gets there and they are diving because demand is not there. and you're also seeing the fda has not followed through you can't drink a cbd infused beverage on the shelves because the fda doesn't say it's okay.

>> wasn't this the first great crop in the united states. back in the 1690. >> we take our safety here at "fast money" extraordinarily seriously as you know. so it's good to see frank wearing the life jacket in bakersfield. >> the laugh track. >> in between the. >> stunning i hope has a flashlight. >> tim didn't wear a helmet on the city bank. is the atlas dance party come to an end we explain $1.1 trillion. we're not talking about the size of guy's bank account. no it's the daunting federal deficit. a lot of you are worried about it maybe you should be. scott will give you his view and laura live from the rkmaet site nasdaq, times square. site nasdaq, times square. back after this. infinite "what ifs?" and contingency plans.

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high protein low sugar tastes great! high protein low sugar so good! high protein low sugar mmmm, birthday cake! and try pure protein delicious protein shakes all right. welcome bang the federal defend balloons to about $1.1 trillion in the first four months of the fiscal year, increase of about 25%. military and health care spending surging but one source of revenue corporate taxes, surging by 27% between october and january. now president trump a aims to narrow the defends slightly and

extend corporate tax cuts. but the budget unlikely to pass the house. does the deficit -- this is going to generate a lot of buzz. because people are out of their minds on this. does it matter to the markets? >> no. >> but it should but it doesn't it doesn't i mean, look we have trillion dollar deficits as far as the eye can see. and we have a federal reserve who has told us our job is to keep interest rates low and goose inflation and keep the economy going. so it's a marriage made in heaven they have to buyassets the treasury wants to borrow money. but, you know, if you play this out over a decade, are you come to some weird places, like, you know, is it turned into modern monetary theory? are we essentially -- because when the u.s. faces the next downturn there is no real ammunition to cut interest rates. if they're turning to the fiscal

side and the fiscal side we sell the bonds and the fed buys them. >> i would agree in the short-term it's not major market concern but long-term it could be what would change the picture is if we saw, you know, dampened economic outlook if we saw less foreign interest in u.s. securities that would really make it more of an immediate term concern but we don't see a catalyst for that right now all that taken together it's not something keeping us up at night in the immediate term. >> and listen, i don't want to neighboring too much of it this is "fast money. and bonds are slow money but we had the worst or the lowest yield i shouldn't say worst. lowest yield 30-year bond option ever. >> in history. >> ever today. >> yeah. amazing really. >> what does that tell you >> the first thing it tells you is that, you know, there is a lot of haven money coming into the market and there is a lot of liquidity from central banks to use the expression rick

reader used and he was right -- we are running out of bonds to buy. there is so much demand for fixed income fl isn't enough fixed income securities to fill the demand. >> and 14 trillion in negative yielding securities out there as well so it's interesting, because the euro is down 3% in the last 20 sessions you are getting trades, risk off trades in the middle of the risk on but we're all basically saying the u.s. is a flight to quality. whatever you want to call it maybe it's a pension fund or someone with actuarial responsibilities but the u.s. dollar is up near three-year highs there are things telling you people are getting concerned about risk and it's not just a yielddown environment. >> one thing if you want a positive return on your debt investment, the united states is pretty much the only place left to go. >> yes. >> but does that mean people are buying things they shouldn't be buy sfwloog absolutely

>> people are buying -- i could sell debt and somebody would buy it. >> probably. >> you're a handsome man, i'd buy your debt. >> i saw a new private debt fund and the advertisement was -- you can get a 12% to 15% yield on private debt because any lend to companies with negative cash flow or some cases no revenue at all. >> speaking of that quickly are you buying oil and gas debt? >> no, no. >> you said everybody is buying everything but you won't buy oil and gas. >> no, no that's me. no e and p right now is off limits for us i'm looking at midstream, whether we should black line it. >> fancy word for pipeline. >> right but the majors are -- they'll survive this but when you look at the number of companies in the energy patch that have negative cash flows and you consider the risk to the price of oil, you know if this coronavirus thing gets worse, you know, brian i think you said

that you could see demand for oil fall by 2 million barrels a day. we are already overproducing by a million barrels a day. so, you know, i don't see what holds up energy prices. >> maybe nothing we'll find out opec and russia maybe fingers crossed. coming up speaking of oil and gas. tesla on a tare. but are there some cracks starting to form in the big tesla rally? the options markets think so plus a sneak peek at the cramer cam. jim has his head in theclouds with the ring central ceo. that up after reporting. and later the latest on the coronavirus outbreak that special tonight 7:00 nstern time doot miss it doot miss it we're backyour neighbor always wants to hang out. and you should be mad your smart fridge

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anybody worried about dilution, no not pollution dill use not elan musk. tesla stocks soaring despite the injection of 2 billion more into the market but investors are betting on a major heart break for valentine's day. tony zhan at the plasma to break

down the action. >> lets look at tesla ever since it broke out above $400 shoolting at record volumes almost 5,000 contracts trade add day. today almost twice that. what's interesting about the price action today right at the open as what we saw a fairly large number of sizable put spreads trade the out of the money that expire tomorrow that were purchased an example of in was 926 contracts of the february 14th, expiring tomorrow, 680.6.75 put spreads purchased for 7 cents. this is a $5 vertical with a break even price much 6.79 almost at 15% move to the downside by expiration tomorrow. to understand the trade lets look at the particular chart what's interesting is that this trader is targeting a 15% move to the downside.

this trader laid out 70,000 in premium to get into the trade. and if this stock is below 6.75 tomorrow at expiration he looks at about a $400,000 return on his trade. in this particular trade, you know, 15% is a lot but anything can happen with tesla. >> big bet there good stuff tony. i'm sure we'll talk about it tomorrow night which is "options action," the full show. >> big ao. >> 5:30 p.m. eastern right after this show. which for some reason becomes a half hour on friday. >> ao at 5:30. >> ao at 5:30. >> up next, your final trades.h? i see an unbelievable opportunity. i see best-in-class platforms and education. i see award-winning service, and a trade desk full of experts, available to answeughest questi. and i see it with zero commissions on online trades. i like what you're seeing. it's beautiful, isn't it? yeah. td ameritrade now offers zero commissions on online trades.

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before we get to the final trades, scott, you say it's a good time to be a little safe and keep cash handy. >> i think, look, brian, i think there will be a buying opportunity here at some point over the next few months and having some dry powder on the side, you know, give you flexibility. >> and if people miss it early you believe overall the equity markets could rise 15% this year i think, look, if you want if buy it here can you but i think you have to ride out a lot of volatility between here and

there. >> scott wrote a piece we wrote about it on cnbc.com i have tweeted linked in and doud and face timed it and whatever else. it's time for the final trade. lets go around the horn kicking off with you mr. time seymour. >> todd gordon talked about interesting charts utx is one looking at the u.s. defense industry this is a stalwart, a company that generates free cash flow, the valuation isn't difficult. the otis and spin off of the assets look interesting. utx. >> laura. >> so in u.s. markets we focused on communications services there we like the secular exposure to trends like digital advertising e-customers our scanouts and exposure to trends in streaming media. >> roku big numbers by the way scott, silver. >> i'm a buyer of silver if my scenario plays out, you know, precious metaling will be a haven trade. and silver has a lot more room than gold. >> gold, guy adam. >> shout out to the wrestling

team crushing yesterday.reye h g going. >> great great job. srts now. my mission is simple, to make you money i'm here to level the playing field for all investors. there is always a bull market somewhere, and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to help you not lose money it's my job not just to entertain you, but to call me or tweet me at 1-800-743-cnbc or tweet me at jim cramer some companies have to play by the rules. others just