drop is so different in terms of what is driving this the uncertainty factor is still very much alive. >> nobody buying this today had any clarity of what the price earnings multiple is it was about the tactics >> or the fact that yields rose today as well at the close sharply in the last hour or two. something to keep an eye on. we're out of time here >> "fast money" picks it up right now. break outyour rally caps, your short covering chapeaus, because wall street just closed out another historic day, the dow surging more than 5%, up 1293 points, its biggest point gain ever. wow. the nasdaq and s&p 500 also posting monster gains. 468 of the s&p 500 went up today, this follows wall street's worst week since 12

years ago. but today every s&p sector finished solid in the green. and also more big moves in bounds ten year treasury hitting its lowest level at 1.03%, it did bound bounce back, but yields are still down 40% this year simply incredible day all around and the trillion dollar question that we ask tonight, very simple one, should you put your faith and your money in the rally that we had today welcome to "fast money," i'm brian sullivan thanks for joining us. your traders are at the desk guy, kick us off because we have this rally truly incredible. ended on our highs are you a buyer? >> remarkable, right i'm not going to pretend to say i saw this coming or any percentage of this coming today. but what we talked about on friday and i know it because it was only a few days ago, wechd

you can take some sole police in today's action on the fact that couple things happened the market has bottomed on days where the vix has traded somewhere between 35 and 40. we got that in spades on friday. and we also pointed out if you go back to september of i think it was 2018 or so, friday's close basically was the resistance level of the levels we saw back in september right before the market sold off so weflag those levels thousand again, i didn't see today coming by any stretch of the imagination. so what is next to answer your question well, today is the where he is low of 2855 in the s&p, recent high of 3393 on february 17th, a 50% correction puts you at 3125. so 1% from where we closed i think that it is reasonable to think that we'll rally tomorrow towards those levels and then fade on the back of what should

be continued selling >> so if you think about today not only did any asset class work, but you also got this dynamic win, markets start panicking, policymakers start planning so the whole concept of coordinated central banks. and we can sit around being real frustrated about what central banks can duactually do, basicay how the market -- a lot of terms i won't use in terms of how the market need to say respond to the fed. but that is where we are what is very interesting, a lot of folks tune in tonight and they say oh, wow, is this december 2018 when this was a v shaped recovery. and here we are on a dynamic when we're truly looking at an economy and we don't even know the extent of where the coronavirus is so i think investors again prone to go back to the old play book, i'm not sure this is v shaped, i don't even want to get out there with that, but it has to be where investors are right now because it all happened so fast.

>> and liet's be clear, we're nt w throwing water on this, this was an amazing day but if you look at all the data, half of the biggest gains that we've had point or percentages also come in -- 2008, 2009, we can go back to the '80s, whatever you want. was there an element of panic buying today which in many ways is not healthy >> look, there is no sense -- there was a lot of panic buying. there was a lot of panic selling. markets were at a 9 rsi on friday midday. they hadn't been that low even throw the december lows. we know how oversold we were, this type of a bounce shouldn't surprise anybody but these events come in difficult and dangerous markets. >> if you look at the top five biggest percentage gainers of the dow in history, all five of those came in 2008 and 2009

this bear markets, you get these nasty rallies. i don't know if this is a bear market or not. i don't know if anybody can know that but you can get these nasty rallies. next thing you look for is the g7 coordinated call tomorrow because it is really difficult to -- if they are going to have coordinated central bank action and some sort of coordinated fiscal stimulus, which is ultimately in my view kind of the economic governmental response to all of this, that is really hard to stand in front of as a short if anything -- anything short of that what they do tomorrow, then i think the market fades like guy is saying. so i think tomorrow is a real critical day i'd just say if on friday afternoon you are looking to dump out of your portfolio, why not take a little bit off at these levels after this rally. >> i hate days like today. >> what? >> even though i'm long, last week was a disaster, this is not healthy. companies -- the value of companies did not move 5% today.

sentiment changed, right and the oversold tim was talking about is crazy >> absurd. >> so this kind of action i don't really like. there was a lot of things to like for the market to go up, a lot of fuel for the fire, coordinated g7, the expectation of a big fed move. i think even klobuchar dropping out of the ray and throwing her support toward biden helped. >> the biden buniden bounce. >> to the extent bernie has weakened, that was better for the market i'm not a buyer on a day like today. i'd rather be a seller and risk being even more bloodied by the end of the day >> a lot of people buying into the markets as my southern relatives would say. >> but you think the market is up historic level in terms of dow points and s&p yet the vix still has a 33 handle i believe which if you had asked a couple weeks ago, people would have

said preposterous, but here we are. again, it is interesting, i'm glad that you mentioned it because everybody when the markets go down like they went last week, it is always panic, the markets panic. just -- you want to give that, that is fine the panic was there in spades on the up side as well. it is not fundamental on the way up and panicked on the way down. you have both up and down. >> and we had data points today where people on thursday and maybe friday bought some of these double and triple inverse market short bets. i wonder how much of today was that recovery. >> can i say something about that with all due respect to the companies that have built those things, those etfs really dangerous. if you use them tactically for any meaningful amount of time, the amount ofrosion is very dangerous. and i don't think these are markets that you want to stenp n

and step out i talked about where the closest market analog i saw was august of 2011 when we were downgraded from the aaa in this country, you had huge problems in europe. basically you had some kind of dynamic in the first eight days of august and then you had this thing where markets went up 6%, down 6%, up, down. and then a wicked rally before dumping people right back where you know by the year end this is an environment where markets are trying to figure out what the global impact of this look at the pmis that came out across asia. china had a 35 manufacturing pmi. i know that is the center of the storm. i know that is probably abhorrent number, but i think those triple levered etfs are very dangerous for most people >> and to your point on whochin, we know that number is likely lagging. but now the question is, and

again you don't know the answer to this, where is the demand going to come from is europe shut down? what is happening in the u.s.? are those the demand factors that will slow down and even if those factors in china get back up and running, who are they producing products for that is the part that i think is unbelievably difficult to tell at this time and it is really difficult to trade this market because you just have zero information >> and by the way, i'm reading an email that we got from bob pisani who might come on, 9$984 billion changed hands according to goldman sachs some people got stressed out and i wouldn't pick on robinhood, but robinhood was down for most or all of the day. >> didn't that happen to him the last time? >> those folks, i don't know how many of them there are, but they were unable to participate in this day

and so there 00 this another -- >> might have saved them from them >> but there is a risk to these high volume days where we're learning that there are risks in other ways extreme price move reactions. >> and getting back to the global central bank, to do what? is cheaper money going to somehow stem the tide of people traveling? just anecdotally, you talked about it, you were supposed to be at a conference the next couple weeks that is canceled. i had a conference scheduled toward the end of march which is at least 20 something days away that was just canceled as well for the reasons we're talking about. >> by the way, i'm sorry you're going to have me at a desk without me i'm back i will be here >> because you're not traveling either. >> but let's connect the dots in the stock market the reality is, tim seymour, guy adami, bk, myself, who cares we get on the plane, there are

hundreds of thousands of us going to cities, spending money in hotels, stwraurestaurants, t, whatever it is, that is economic loss i may go back to houston, but i can't go back in time. and we don't know how this will impact the price to earnings what are earnings going to be? >> we don't know, but i do think that companies will get a free pass for probably the first quarter and the second quarter and then we'll see i mean, you know, we talked -- last week you said why wouldn't every ceo out there be guiding down or removing guidance. that makes total sense because they really don't know for one and why not give yourself a little bit of room >> back to the multiples and valuations money is free. and in fact your valuation based upon a discount rate, which is often priced off the ten year is now priced off of a 115 ten year and that gives equity pluls an

an yae nor mu enormous amount of play. and this is a dynamic where equities become very attractive em the big companies that have room do what they need to do >> and i think this is what you're saying, but they are only attractive because rates are so low. that doesn't mean that they are attractive because the fundamentals are good. which adds to the complexity you could actually -- you have economic effects of this that are greater than necessarily the health effects and that is not to minimize the health effects, but if everybody starts it quarantine themselves, then you have a big economic shock here in the u.s. but at the same time, if you have stimulus, fiscal stimulus, global central bank stimulus, could you have the stock market

go up, the economy going down. >> are sound sounds like we're g negative on an up day. what is positive is that today i would argue that the news flow around the coronavirus was worse. and you have a dynamic where i think investors have had a chance to digest the economic impact, the entirety of the unknown is out there for us all. but markets were able to find a little bit more rational on an irrational day a little more rationality. >> good stuff. and i think everybody is being fair i mean, better than just saying great day, everybody start buying a little bit of skepticism is a very healthy thing all right. the biggest stock in america, a big part of this move. apple. surging more than 9% oppenheimer up graded apple to an outperform. $320 bryprice target. saw a not report shows it surged 20% in january. good time to getinto the stock

or buy more of it if you own it? >> well, i'm long, so i guess i would be a buyer here. but i didn't buy more today. i wouldn't jump in today and say this is the day that i got to buy it i do still believe though that 5g is the driver here. and that i think there is a very good chance that the 5g story plays out by the second half of the year. >> if you want to think about what the positives for apple in this environment is, if you think about interest rates at lows and even if you have some kind of economic shock or recession, you have apple which has a massive stockpile of cash, so they are going to be able to cover their liabilities, cover any dividend and then they almost have and you tilt effect where your cellphone is the last thing that you will get rid of.

it is essential to most people so i again am not going to be buying apple up after this massive move, but i think in the next week or two, there may be a time to have a real good risk/reward entry. >> and apple is a market proxy so apple will outperform on the way up just like it did on the way down so if you take the trough to peak, the trough from friday, 17% in the world's biggest company. you can do the market cap swing. so somewhere around $250 billion of market cap was add he hpple and oppenheimer do down grade a bit out to 2021. took out about 7% on some of the obvious factors. but at 320, this is a stock that the not only has up side so they can upgrade it from up side to target, and then they also just talked about the same things we talked about i think it does coming back to

valuation and i think if you look at the valuation of apple, right here you are around 20 times 2020 numbers in an environment where they can do a lot with their balance sheet, i think you want to own it >> if we could throw up h, hyatt hotel, they are withdrawing their guidance for the year. but i think if you are a verizon guy or at&t, verizon up 6% today, i think it had an upgrade. all of our brains are a little fried. but you are not shutting off verizon because of coronavirus it is the last thing that you are going to do. it is not a hyatt hotel. you know what your business is going to do. >> and there are clearly winners. we mentioned the zoom video like a $75 stock. and there have been some winners through all this as well but getting back to apple quickly because i know on the

monday after they said that they would be hurt bay what is going on in china, the stock was down i think $5 and we commented, you know, it is surprising it wasn't down more the next day the stock was making an all-time high. we had a conversation on the desk saying it is not ridiculous to think that this stock should retest 280 well, not only did it retest 280, it got much lower than that but it did it on almost 200 million shares this is a stock that trades 30 million shares a day so i hear what everybody is saying i'm not saying rush and buy it, but if you are looking for something to trade against, those two days with extraordinary volume are as good as anything on the down side >> okay. good conversation there on apple which had a huge day so much more to do on this monster monday up next, the one big group that mostly whiffed in today's record move what it is and why it might be worth a second look for you. and then wells fargo chris

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welcome back let's now get you the very latest on the virus outbreak, the death toll here in the united states rising, does now stand at six with 105 confirmed cases. and the white house is loudly calling on big phrma to step into try to help meg tirrell with more. >> the president and the coronavirus task force meeting with the ceos of major drug and advantage e vaccine makers and research chiefs the president trying to go get a sense of time lines from these companies. we spoke just thousand about that with dr. shiver who had just come out of the meeting. >> we hope to have a vaccine in the clinic within a year or so and hopefully move quickly into development past that as we all see how the outspread of coronavirus changes or grows >> and eamon javers asking the

president if he would consider allocating difficult funds to speed the work and trump jokingly responded that the industry has too much money already underlying some of the tension from the president whoer persistently attacked the industry for its high prices, now depending on that industry to speed a vaccine or drug to market >> meg, thank you very much. so let's talk about some of the biotech names. and let's be clear, we made cleans, there are two different types of companies here. there are regenerons and then the small super micro caps there are just being traded by traders around this. >> and i'm going to avoid speaking about any of the micro caps but for example, gilead, gilead was headed higher before coronavirus if you go back and look this is sort of the tail wind for them on what had been a story that was improving with a balance sheet that had been

improving. so that makes sense. pfizer had been beaten up, that makes sense. merck had a move from i think 95 down to 79, that stock has bounced. eli lilly is its own animal. so i think big cap far made despite what the president says about them being too rip rich or ripping them off, i still think those stocks are fine. as far as a vaccine, they are talking becoming some a year away hopefully this is long over before that. quickly, there was a scene if you recall in top gun when they were trying to get tom cruise up on ready 5 and one of the guys said it will take a few minutes and the commander on the ship said an expletive, this will be over in two minutes. that is the same thing here. you don't have a year to play around with this and i can't wait for top gun 2 coming up this summer. >> and a $5 billion acquisition today which increases their presence in the oncology and

hematology the issue with that for a lot of the analyst community from what i've read, it doesn't necessarily move the needle on their $20 billion to $21 billion revenue line which is something that they are very concerned about and has been dragging gilead down because hiv is still looked to be drug pipelines that are slowly dwindling so again, i agree biotech had been outperforming this year, had actually been along with health care a place where investors were actually continuing to find both valuation and earnings and i think they will. >> if you look at how ibb traded as well, it actually is fairly constructive bounced off the 200 day moving average, it has had a very big day here i think in in environment though, you can wait for this to break out above 125 rather than trying to be a hero and buy it on a down day. >> do you want to go the etf route or the individuals regeneron up 37%, gailead up 19%

>> the ibb gets you. those are big. and then the xbi also gets you more biotech to me, unless you really, really are deep in the weeds, if you are going to be playing for some sort of vaccine, you got to go with one of these. >> okay. maybe the group getting hit the hardest in all of this from the coronavirus outbreak has got to be the airlines. the sector is down horn more th0 in the past week and jets etf finished down a half a percent spirit airlines, jetblue leading the losses has the selling been overdone and is there maybe value in this crushed sector >> i think that it is overdone in and handful of names. and to be clear, the entire sector should not be treated the same way and there is financial stress that will be coming through the sector dan made a great point when he said that this is a sector that has gone in bankruptcy a couple different times. i think airlines run differently. delta does not have the same

financial stress that an american airlines. so what people aren't talking about is where eps in the short run might be more than made up information by fuel costs. i realize that is not a reason to rerate airlines and the market rarely does, but i do think in the case of delta air lines because of their operational leverage is one of the places where again the reduction in revenue for available seat miles is offset on the other side, it won't get a better in the short run, but you take 26% off of delta. >> so i did a report on that today. and the end of the year, jet fuel costs gulf coast $2.02. $1.65. 17% decline. delta spent $8.5 billion on jet fuel last year so you take 17% off, at least in the short term, off that $8 billion number for american, united and delta, they all spent about the same by the way, that

should balance out some of the pain on the lost traffic >> and unfortunately the market never does this for airlines so i don't think that this is a reason to go in and buy. i think it is basically to look at the existing eps cuts and wonder where there is a bit of value here >> so i'm long the airlines and i always look for things that i want to buy more when they trade down and this is not one of them the most severe travel disruption i've ever seen was 9/11 and i don't think this is anything close to that and the balance sheets are in a way, way different place. however, the business model is such that each new passenger is such high margin, right? they have a lot of fixed costs and so when you get all these cancellations, you are flying at very, very low utilization, that is when you really will get just crushing earnings that i don't know how quickly those will come back if this persists in the u.s. for another two months, that will really start to eat into travel season this obviously is huge for the airlines, so i'm

concerned about that this is not a one where they all went bankrupt. this isn't that. but i am concerned about the business model and how quickly when capacity is down it gets crushed. >> all right good stuff there coming up, have the markets really turned any kind of a significant corner we'll speak with a strategist who live gotten ahead of this rally. plus how ten million investors today missed out we hear you robinhood, and we have more on the story about what went wrong on the single biggest point gain in the history of the stock market and history of the stock market and millions couldn't participate. 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,'s morgan sta. they're industry leaders,

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welcome back if you are just joining us, history was made again today on wall street. the dow surging 5%, that is a 1293 point gain, the largest point gain of all-time on a percentage basis, not at the top, but, hey, not bad today's bounce back comes after the market handed its worst week since the financial crisis last week so the question is very simple, was today's rally an all-clear for your money let's bring in chris harvey. credit where credit is due, friday you started advising clients that they could start to selectively nibble or add to positions on names like visa, master card and american express. so good job there. but one day doth not a rally make despite our use of the word do you still think there is more to go on the up side >> i think there is more to go,

but this falls under the umbrella is buy when you can, not when you have to and a 5% rally, it is hard to tell people to chase this rally in the short term. but we want them to leg in and leg in slowly. so what we said at the beginning of the year is take risk off the table, we expected some 5% to 10% pullback you got that what confused us earlier this year, the coronavirus, you were paying a 5% premium for access to the coronavirus now on friday you were paying a 10% discount that made a lot more sense to us and we can argue about what that discount should be, about you at 10%, that was a -- >> did today make sense to you and your team? >> the beginning buns maounce me some sense, the afternoon, i wasn't quite sure why things ran until way they were. again, we want clients to be disciplined, we don't want they said to be chase there is opportunity there be selective but over time we don't know how the coronavirus will play out. and i think that you will have opportunities going forward and

there will be more volatility and some down side >> so you're saying on friday to buy. it is up 5%. is that all -- i mean you're saying maybe don't buy is that all you're expecting to get? why wouldn't people buy? >> no, that is not all we're expecting. if you go to our price target, are you looking at a double digit run. but in the near term, if you bought at the low on friday, you are up 8% in a very short period of time. again, we can't tell what you will change tomorrow and what people will say. we know that there will be volatility, we just don't want you to chase we think you get a better opportunity. and just be disciplined. nobody knows how this will play out, so leg into this trade. >> so you're not telling people go chase it. but you are still close to 3300 for the year >> 3388, almost 3400 >> the things that made you cautious going into the end of the year, and again, difficult to argue the market was eupho c euphoric, but the world's not

only last year's not so great, it is a lot worse. how do you get excited about 2020 >> so a couple things. one, we're at 166 on our eps number the street is coming down to us. two, if you look at the amount of accommodation that china is putting on the table and if global central banks do what people expect them to do, there will be a ton of okay accommodation on the table i think when you look back three month, you will be happy with these scores and you could possibly see a meltup in the second half of the year so don't be too fearful, don't panic. >> do you think today's rally is already pricing in a 50 basis point cut by the fed would that be disappointing if that is all it ended up being? >> i can't tell you if it was 25, 50 or 100. but there is some sort of component to central bankers

there is some sort of combo he component to liquidity and accommodation. but we don't think that this is a monetary policy issue. we think the markets need to work through this. the fed's job is price stability and maximum employment, not price discovery. and i'm not sure how monetary policy helps this situation. the real big issue for us is when credit markets start to freeze there is a lot less liquidity in credit markets, but if you needed to bring something to the marketplace, you could it might cost you something, but you still could. >> price stability that you aren market has been the most volatile in history. so they are clearly failing, but yet the market seems to think that they have this magic wand that can support the markets i think right now 16 trillion negative of yielding bonds

globally when does it matter? >> i think it matters now. i think on friday and this morning and even last night people were worried where is the ten year going to stop at 1%? to we go to 75 basis points? people are worried rightfully so i don't know where it stops. that is why we're talking about hey, be patient, leg into this trade. the risks are still out there. things can open up and maybe you get a better opportunity we don't know. but to answer your question, yes, it is still a major -- >> and i want to be perfectly clear because you said nibble at visa, mastercard, american expression visa after hours did cut its revenue projection by a couple percent. you are you still recommending those stocks we're recommending credit card and processors and it is a theme. we want higher quality names we wanted stocks down double digits more importantly, they pre-announced. we want companies that

pre-announce that mean this is they are on top of things, that makes them to us investable and that means that the management teams we have little bit more competence in the management teams >> okay, chris, it was a pleasure so guys, i mean, listen, i think today was such a -- i don't want to say confusing day, but chris kind of said, these are? of the smartest people in the business and they didn't really understand a 1239 point rally. especially toward the end. >> well, i don't want to get too wonky on this, but when volatility spikes like this, up see moves like this. in the business we used to call it bad greek or negative gamma which means when you are short volatility, you have to sell on the lows and buy on the highs and that has happened in spades over the last couple weeks so with a vix at 34 where it closed today, i hate to say it, but you will see more of it, not less >> hold on there, what is

negative -- in english, please >> when you tell an option, you get paid to sell that option when you -- on the other side of that coin, you incur the risks associated with that so although you get paid, there is a risk associated with selling that option. and it is manifesting itself now with vix going from 14 to 45 closing at 34. so thousand you wind up chasing. and they chase on the down side by selling, and they chase on the up side. go back on friday and look at some of the moves we saw thursday as well when the s&p out of nowhere rallied 60 handles only to give it all back like this. that is negative gamma and i'm sure that they will talk about it friday at 5:3 on the award winning "options action. happening now, the white house is holding a briefing on the coronavirus. of course we are monitoring it for you. if there are any headlines pertaining to a vaccine, to specific companies, to the economic impact, we will bring those to you coming up, the big battle

brewing over the future of twitter. we'll tell you what sent shares of that stock flying high today. and later on, why options traders say now could be a golden opportunity to get into gold we'll explain why.

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welcome back to what was a monster monday huge start to the work stocks surging to kick it off, the dow rising 1293 points today. the nasdaq posted big gains up 4.5% one tech stock really took off in today's session, 2000 a couple reasons twitter shares jumping nearly 8% probably part of that was of course just getting caught up in the market rally the other part, elliott management, the massive hedge fund making a move on the company. julia boorstin has more on what is sure to be a twitter fight for all-time >> well, twitter shares soaring on the news that the investor is looking to oust jack dorsey. a source tells he me that

elliott management is concerned about dorsey splitting his attention between twitter and square and says that elliott has taken more than a $1 billion stake in twitter and has nominated four new correct are tors to the board. twitter and elliott has v. no comment, but the source tells me thatare tors to the board. twitter and elliott has v. no comment, but the source tells me that talks have been productive. twitter only has one class of stock and dorsey does not have voting control over the company. now, between when dorm city ose returned in 2015 and this last friday, shares were down 6% after disappointing third quarter results back in october. and everycore raised its price target on the stock to 33 pd evercore predicting that they will either pursue cost cuts or

could install a ceo that could increase probability that twitter will be sold now, all of this news comes as dorsey cancels his speech at south by southwest as the company bans all noncritical travel due to coronavirus. brian. >> all right, julia boorstin, thank you very much. anybody buying or owning twitter just based on the elliott fight? >> no. >> i owned it before that. look, twitter just had its best quarter ever i would argue in terms of daelg beingily active s so i like twitter. i've owned it a long time and i recognized that i think that they have had trouble monetizing, but i think that there is real progress there and there is absolutely a key brand. now, the thing about elliott, they usually say that they are stepping involved and they have a whole litany of everything that they want to change, but

here they say they just want a ceo who focuses on one company and they benefit just by saying that >> it is crazy, right? he is the ceo of two companies and square, he is able to get away with it because square has do done phenomenally well twitter has bounced back and forth for years and then to say all right, i'm going to move to africa half the time, it is so crazy. there is no other country in the -- >> absurd. >> there is no other country that -- they yell at ceos who live in california but they work in texas and they commute on mondays to thursdays or whatever it is. this is insane% apparently he is saying that africa is where the future of the business lies. maybe. you know, that could be. just the board at twitter has sort of gotten away from -- they have been somewhat anonymous and that is no longer the case and

their most important job is who is the ceo of this company and i don't know that -- >> do they need a new ceo? >> they need a full-time ceo i think they do. >> who is not living a continen away >> yes when you work at a company, you want the ceo to be around. >> physically be in the office so you can avoid him or her. >> but this is also a relatively easy target in that the fact that you have a ceo that does have two jobs, he doesn't have a vote he didn't block it and you have a stock price that is down. so to me, this was more about elliott looking saying hey, this is an easy target, where we might be able to pick up a couple percentage points if we go in and move things around rather than it being, you know, a condemnation of jack dorsey. >> good stuff. coming up, trading trouble how a big technology problem possibly left 10 million people missing out on today's record rally.

we'll give you an update on robinhood and what went wrong. and here is a look at our cramer cam. jim is breaking down his thoughts a lot left to do "mad money" at the top of the hour the barkins are empty nesters now. so it doesn't make a whole lot of financial sense for them to stay in this great big house. but, well, this is home. it's where they raised their three boys. could they downsize? sure. will they? not as long as thanksgiving is a holiday. planning for the future is about more than just money. let equitable be your guide. b11

is that? steve harvey? give me b11 isn't bingo just an ok use of your hosting abilities? it's like getting a samsung galaxy s20 5g, and not getting it with at&t. bingo! no, i only called out two letters. now, you might have go, you could have bi, but you can't have bingo. get the most from your revolutionary samsung galaxy s20 5g. switch now and get one free from at&t. building 5g on america's best network. you should be mad they gave this guy a promotion. you should be mad at forced camaraderie. and you should be mad at tech that makes things worse. but you're not mad, because you have e*trade, who's tech makes life easier by automatically adding technical patterns on charts and helping you understand what they mean. don't get mad. get e*trade's simplified technical analysis.

it was certainly a record day all around all 30 dow stocks higher on the day. they closed up 1293 points but many investor, millions in fact, fwhaechb left in the dust. unable to trade. let's find out why with kate rooney >> that's right. an outage at robinhood forcing traders to stay on the sidelines today as markets rebounded the startup announcing a technical issue right around when u.s. stocks opened this morning. crypto and options trading and equities were unavailable through the close on monday. the company telling users that they are continuing to work on resolving this and apologizing on twitter, but the startup getting a flood of questions over if and when they might compensate traders for any

losses one factor possibly contributing to this and other recent glitches could be higher than average trading volumes. last week we had fidelity, charles schwab and td a mayhair tra a mayor trade having issues. but i'm told that this is unprecedented and will likely raise the alarm. if you are a broker and people can't get a hold of you, that is, quote, a big problem write a brian, back to you. >> so bk, robinhood is a free app. but that will still -- reddit threads are colorful >> the ethos is move fast and break things but the prison oblem is you arew in a regulated industry. so i think that the regulators

will have to take a look at this and say that is great that you built this app that is free, you are selling your order flow, that is how you get paid, but if you are opening it up to the general public, it has to work on days like today or days like friday so that is the bigger thing. coming up, gold getting a big bid where options markets say that gold may be moving now. and be sure to tune into our ongoing coverage on the wild ride on wall street and where we stand with the very latest on the coronavirus, a markets turmoil special tonight at 7:00. turmoil on the up side i consulted with your grandmother's doctor.

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it really was a gold medal day for the markets and the medal rebuilding after a huge plunge and one be trader is making a mega bet that gold's rally is just beginning mike khouw has options action. >> so gold commodity, the futures we saw call volume outpace put volume by 2:1, that is consistent with the bullish

activity that we've been seeing the last 20 trading days or so most of that was concentrated in the june 1720 25 ca5 calls and buyer spent $17.20 in premium for those, a bets of approximately $2 million in premium that it will rally above that 1725 strike price that would represent an increase of about 9% for the metal by june expiration >> all right we'll watch that closely for moreoponacon te "tis ti,"un in friday that airs at 5:30. in friday that airs at 5:30. up next your final trades. ♪

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final trade time tim, kick it off >> i'm long twitter. if you look at the trend, last quarter numbers, a billion dollar quarter, good for them. >> and i want things that you have to spend money on, cybersecurity is one of those.

crowdstrike. >> ali baba, i like how it has hung in there. i think there is more up side. >> and we have to say rest in peace jack welch, great man, has been on this show. delta air lines, major double bottom at 45 >> thank you august. money" witm starts right 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. i'm trying to make you some money. my job is to entertain you and teach you. call me at 800-743-cnbc or tweet me huge day i get that how do you explain it? i