the next few weeks. >> very quickly, will we see the nasdaq be impulsive tomorrow >> yes, we will. the question is amazon, will that be the crowning moment for this rally we get the report tomorrow every reception so far have been positive. >> we are out of time on "the closing bell " melissa lee has you covered next. >> guy adami, tim seymour, karen finerman. >> microsoft and tesla all on the move and all surging after reporting results and we'll break down each of those names the game changer, plus the experimental coronavirus drug. grammy winner d.j. khaled is here and he's going all in on the fight against the global pandemic and the big money he's bringing in to help those most in need. we start with an earnings alert with facebook and microsoft both on the move after reporting earnings and we have full team coverage lined up for you and

josh lipton standing by and gene munster's gearing up for facebook's call and we kick things off for julia boorstin for facebook's big quarter quite a move >> quite a move, melissa facebook shares up almost 10% on better than expected revenue and user growth. cfo dave waner reassuring investors saying that while the outlook is uncertain, advertising is stabilizing so far in april >> we're not immune to this from this crisis. we did see a steep decline in advertising revenue starting at about the first week of march, and that sort of continued we've seen some more recent stabilization as part of the earnings release we did include information on the advertising performance in q2 in april and that's about flat year over year. >> facebook lowering its expense guidance for the year for $56

billion, as the company spends less on travel events and marketing as well as slower head count growth while the user growth and engagement did surpass expectations with 2.36 billion people using one of its apps every single day they will lose some of that increased engagement when the stay at home orders are lifted melissa, back to you >> thank you >> julia boorstin. >> first, this is an extraordinary move in the after-hours session and let's be clear, between facebook and microsoft, we are talking about the s&p 500 ripping higher in the after-hours session. >> staggering move on top of what has been a staggering move. so now the question is how do you trade it i think the all-time high was 224 and change back in january it absolutely feels like it wants to go there. looking at it and tim can speak

to this and arpu and tim can speak to this and that was better than expected 696 and operating margins were a little light. in aggregate, i think it's a good quarter and i think it trades back to 225 and then i think you have to take a powder and see what happens listen, if you listen to them carefully they say we're not immune from the potential reduction in ad spend. i think when it gets to the 225 level you pull the rip cord and live it fight another day. >> not immune, but to think most recent three weeks in april were flat that is extraordinary to think that basically, year on year it's the same, tim >> yeah. definitely, you have to flag that number. it's amazing to think that they're flat and this is more than stabilization this is seeing no change in their business and if you look at the engagement that was up over 9% and guy pointed out those average revenue per user metrics which are really important. so i think you get back to a

place with facebook and you decide which multiple you need to put on the stock, and relative to itself, facebook here is somewhere around 27, 28 times for, you know, a stock that's been trading, 21, 22 times over the last couple of years. this has been a v-shaped recovery this stock is up through where we were in this after-hours move so you start to wonder, the delayed response to ad revenues which we have to expect. it's one thing to have that stabilization, but to expect that the advertising revenue trends are going to hold in there and this is one of the first stocks people want to go to is part of the reason yet reaction has been so strong because this is extraordinary in the short run, but i'm not sure you want to chase the stock here >> it was in its note saying you would expect ad budgets to go down, and karen, if you think that facebook is the place to be then maybe ad budgets go down and relatively speaking, face

book still gets a big piece of that pie >> right, or they go down less the flat year over year is amazing and what are some of the things we were waiting on facebook before the pandemic it was revenue growth, the pace of, and considering the global environment which oddly from this, they're going to be able to reduce expenses and the third thing was that the political climate surrounding facebook on privacy and other issues and what antitrufrt sort of actions to be taken. i think those lat are ones are completely gone and if they were flat in april and if just a year later this is where they are, i think that's pretty good so, you know, i'm long i do think it's been quite a

sharp, very sharp rebound and that makes me a little hesitant, but this shows just the power of that business and remember, balance sheets like theirs and like google's and microsoft's is where you want to be so i'm going to hang onto it i'd love to hear what they say on the call and i'm very impressed so far >> the context of the move, pete, that's important to keep in mind and it's bounced significantly off the march 23rd lows up near 20% or so it was up 6% in the regular session today and then in the after hours it is up another 10% so where are we right now in terms of facebook's valuation and what it is i think investors are assuming that flat year on year for the most recent three weeks means the coast is clear i'm not sure if that's really what we should be believing r t right now. everyone is using the word stabilized because that's the word that was given to us. quite honestly, when we look at the stabilization yes, that's important and are they exploding

to the upside? no, but they're growing where people wouldn't expect them to and part of that is because we talk about the verticals all of the time so when we talk about the vertical, it's not just the facebook story it's the other companies in facebook it's instagram, whatsapp and messenger. the usage of those ina are march was astronomical, the idea that they want to go in competition with zoom, in terms of zoom's stock price versus faceback and it has to do with what carrien point out. if you have all of that cash flow and now that's over 60 billion, plus very minimal debt, and it is why we made this, and to tim's point, i would agree.

with the 225 high, i think you're looking at a stock that's traded almost to perfection and i feel there's more room to the downside from here than to the upside it doesn't mean i'll sell in my position and i don't think i'll be doing any adding or if i w n wasn't on the stock this is not the time i would be approaching a new position this is where you manage a position and i don't think this is time for a new position here. >> let's get more on facebook's quarter and bring in gene munster. he's been manning the red phone as you see there, listening in on the company's call. so, gene, you went into this report neutral near-term, neutral long-term on facebook. does this quarter change your mind >> well, i've got to give them credit i've been a long term conservative view on this story part for the philosophy of their business, but what they've shown in the near-term is powerful i think your team has properly e enumerated that. i would point out that longer tomorrow i do see, there is a

deja vu aspect to this related to google, too, not only in the results and some of the commentary about the ad spend, but i think long term, investors want the types of businesses that you were able to getity on of the companies >> this, of course, is long term about there. and this is now going to be a dollar 6 on why i have to change the world with what's going on in advertising yes, they have both drivers what's messenger and whatsapp that will undoubtedly boost the revenue boost. i do see the language around investors and how they view this story longer term and shifting to other ways that they can ultimately grow beyond just advertising. >> how do you think about the commentary surrounding the most recent three weeks in april

stabilizing, gene? i mean, we were talking about this with google in terms of how far in advance advertisers have to lock in whatever they're buying and at what point do you see people, if they're going to cancel, we're seeing it in the results. >> you can back -- we did back into the numbers in google's case they went from up 20% to flat over the final three weeks. in facebook's case, it was lechly up, and in the last two weeks the analogy is stable. yes, this did see an impact greater than what google did, facebook's business did and this bounceback as someone who is not a firm believer in their mission and i have to give them credit for that i think the central question for long-term investors should be what is their encore

messenger is probably not that i do think that one piece that facebook can be transform tiff and advance how humanity reacting with virtual reality and augmented reality. that to me is the big lever and i can get more optimistic about the story. >> karen, i'll bring you in and i can pose that question to you and you can ask gene about this, in terms of what is the next encore >> you are a holder of facebook and have been for a while. how do you think about that in. >> well, i think payments -- i'm not talking about libra. i'm talking about them getting in the middle of transaction and that is one area of growth i will see how they monetize whatsapp and virtual reality and that's been hope for a while now, i think since they bought oculus, which i don't remember now how many years back that is.

that's not sort of -- i don't so that in the very near-term, but i guess what i think more about is what kind of multiple should a company like this have in this kind of environment instead of and that being somewhat of a floor for them and where is the next giant revenue growth from >> gene, quickly do you want to answer karen? >> it's more about augmented reality. we've been looking down at our phones and the future and glasses and that's the real fundamental piece here, and i think that for investors you will matly tultimately, it's abt what's to come in the next few years and if you look at apple and facebook, you need more than what's on messenger. >> let's turn to microsoft that stock is popping after reporting an earnings beat we get to josh lipton with the

details. josh >> so, melissa, i checked in with microsoft, at evercore. i just want kirk's quick take on the quarter. >> it's a commercial cloud, revenue up 39% and the cloud business in his words marching forward. he does have questions about guidance here, given the uncertain i.t. spending environment and he did have commercial bookings growths did decelerate he wants to know how much of that is covid-related. he's expecting to hear a wider and expected guidance range on the call just quickly through the segments and business processes 11.7 billion that was better than 12.3 billion and better than analysts would be looking for. azure saw the growth goes head to head and revenue and more

personal computing also beating forecast in 11 billion and the call kicks off at 5:30 eastern melissa, back to you >> when you mention commercial bei bookings, josh, does that include call >> it did decelerate, obviously, bookings now is revenue downstream and hoping to get more color on that from the ceo when the call kicks off in 15 minutes. >> pete najarian, i go to you. you've been a longtime microsoft fan. >> think the quarter is impressive and from everything across what josh mentioned and teams. i look at teams and the fact that they absolutely have gone right after slack and others to compete in that market and not only compete, but win in that market i think that's really impressive and linked in actually had another good quarter so i think it's not just which was great 59% and we know the

attacks and aws is still king, but microsoft continues to move closer and a little bit closer from a market share perspective and that's important and we'll see more about amazon and the future, but right now you could not have presented much better of a quarter given all of the backdrop of everything that they were dealing with supply chain and the personal computers and let's not forget, they have a gaming reference there, mel, this is a name that run so fast into this number and that's why we're seeing the stock like this >> it has had a minimal impact, and i thought that was interesting when you think about the win cio's green light. i don't think they'll pull the rip cord on things that are mid-deployment during the quarter. the proof will be in this

upcoming and the next couple of quarters >> and things that are essential and pete spoke to it and one thing he didn't mention is operating margins approaching 69% which is a pretty astronomical number. the knock on microsoft correctly or incorrect has been valuation and it's trading close to 31 times, and if you make me play the game would you rather with facebook and microsoft, they're more inclined to stay with microsoft here this is one we actually did a good job with and we thought it would trade down to 140 and that was the level that we topped out last summer into the fall, made a lot of sense it's bounced from there, and i think 191 is the all-time high i think facebook will fail at its all-time high and this is a great chance to go through it. and i think the family, not that

we ever bring that up, ti, because we thought there was a tried and we have the biggest name oos the index decks posted, and do we go back to report? >> you talk about the waiting and the s&p and the nasdaq and facebook 100 are 17% so we already know what that's going to do tomorrow so the outperformance if you're playing in etf land and that's the qqqs over the spy, yes except for that today's trade with the market and i know we'll talk about this when we get to gilead later in the show and the impact on those stocks that were shut down on a longer term, you know, kind of quarantine dynamic for the economy and the country are the ones that are really flying high. so i think we are at difficult

valuations for these mega-cap tech stocks and they were two months ago and the balance sheets that were very defensive. these two companies and facebook are spending 6 billion in the middle of a crisis because they can be aggressive here and these are defensive stocks no matter what you want to say i don't think -- i think coming out the market is the vaccine certainties or the question of people going back to work. that's so much better than the value trade than it is to me, for maga tech. >> i'll create a sub basket for you because certain stocks are simply not in your wheel house in terms of possible investments, but apple, facebook, alphabet are you getting concern about these sorts of valuations here >> i mean, i guess i'm concerned to the extent that the market's

bounceback has been so sharp and these have bounced back and they're not far at all from all-time highs and however, if the market does pull back because we've gotten too excited about the v-shaped recovery. it's not a v, it's some other letter, then i think they will will outperform. will they go down in that take yes, they will, but that's yet ira airlines >> is this the earnings selling the news. >> i apologize, sorry, mel it could happen with amazon. one thing i've said over the last couple of weeks and i guarantee i'll get fricasee. i do think there is a chance that earnings will be good and it will disappoint in terms of

stock performance. think about the move that that stock has had. it's rallied some 50-something percent now off the low. i think there is a real good chance that you will see amazon trade back with the previous, and we'll have earnings tomorrow. >> tesla, and the company posted a surprise and we're getting you ready for tomorrow's big report fro apple. why some think there is a pain maker. "fast money" is back in two.

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the quarter. phil lebeau has the details. what a big move. >> it is a nice move, melissa. the expectations are all over the place with tesla it's still not one of the stocks and think this is what people were expecting people were expecting them to lose 36 cents a share and they were 1.24 a share. nothing on the production guidance for tesla this is all about what they're planning to do in terms of deliveries this year, and i know there are people who say they haven't changed their guidance and delivery there was no mention of this and no iteration and they did deliver 86, 496 vehicles in q1 by the way, that was a number that was out there since they are the roed deliveries at the end of march q-1 delivery. so we were not expecting a surprise and a few people had 89,000 and cash on hand. remember, they had the capital

raised in the quarter and 8.1 billion, and 25.5% and the profit guidance for now is on hold and the free cash flow was negative $895 million and one last note, guys, has to do with the tesla semitruck. first deliveries which were scheduled to begin at the end of this year not going to happen and they'll push that out until 2021 i know that guy was hoping to see one of these bad boys out on the road driving all over the place in new jersey, but that is not going to be the case for some time. those deliveries pushed out to 2021 melissa, back to you >> thank you >> phil lebeau with the 10 move guy, can you rap your head around yet stock is up 10% on this report? >> can i wrap my head around it? not in this environment. >> why >> i think because the fact that they're actually making money now. their cash flow is better. it's incredible the seemingly

turnaround out of nowhere that they pulled off and full disclosure and people watching, no, absolutely i couldn't have been more wrong with the stock for the last, i don't know, $400 or $500 or so i got it up to $320, but up to 900. that's completely out of my ballywick. that's just the world we live in people have cut them slack and they're delivering on the back end so good for tesla, bad for me. >> it's about $90 bucks below its all-time high and pete najarian, how would you think about tesla? i know you have calls on the competitor >> quote, unquote, competitor. the interesting part about this name is i've been lucky a couple of times and only because the options world has dragged me in there, because like guy, i look at the stock and you look at it and you have a hard time breaking it down ask hnd how wod you analyze it and thanks to gene munster,

years ago, he and i were talking about the stock and one thing that stuck out for me and i've used this ever since in terms of my describe for tesla. it's not a car company how do you care about what got delivered? when i look at this, i look at this the way i look at apple and the iphone and that's the hardware and this is the automobile for tesla >> it makes a lot of sense and they have the expensive version and the cheaper version and all of the data that they've collected and in with you get in there you are literally sitting in a computer as you're driving. for that reason, i continue to look at it more as a tech name and that's helped me out because i've been able to be bullish despite the market cap being significantly better than ford, gm and the competition in the auto industry. >> i get that argument on paper, but when you really think about it the difference is that apple

makes money off of services. tesla doesn't make money per se off an over the air update to its software in a car that it has sold >> right no, you're exactly right on that perspective and think of how long it took for apple got into the services and the wearables and there's something more to come for tesla, and i agree with you, mel you try to break down the stock in so many different ways and that's the only way that's helped me out because there have been times when i've been able to be bullish on the stocks, but i had a couple of runs on the way up here that i was happy with >> maybe gene will help us, luke ventureses' gene munster is here again. what's your take on the 9% move and if you take a look at the chart, it is a v-shaped recovery for tesla's stock.

>> melissa, i think it will be going higher it's a $160 market cap today, but if you think about the future mobility and transportation, despite all of its issues around elan's behavior and everything people can point to as the negatives on tesla, i think this company is fundamentally changing how people move around and i want to enumerate why the stock is up. >> first, free cash flow is negative and much, and the invented or build and that's understandable so you give them a pass the second is they basically cashed in a bunch of ev tax credits and others that aren't producing electric vehicles have to pay tesla to get through regulatory hoops and that triggered a profit in the quarter and this is the third

consecutive quarter, and it is likely that they will be added to that and i think that is, in part, moving the stock the third is some encrypted language around deliveries and production there is a distinction between actually reiterating their delivery guidance and saying that they can produce enough to deliver. those are very different comments, but i think what one can take away is the streets have 403,000 deliveries for the year many have thought that that was in jeopardy given everything that's going on, but my sense is now that they will probably fall short of that original 500,000, but comfortably exceed that 403,000. when you put all of this together and think of the future of tessa, what does traditionally means. >> to think about, as the car, as a computer to think about that piece and eventually they will find ways to make money off

services and software. i think this is an undervalued story. >> one last question, gene, because you mentioned the credits and i believe it's $340 million in credits and that's not a recurring -- that's not recurring. it's sort of a one-off thing so does that meet the criteria of the s&p 500 from your standpoint if you had a probability of tesla being included by the end of the year how high would that probability be >> 60% >> 60% okay interesting. >> 6-0 >> all right gene, thank you. >> more than half. >> gene munster of luke ventures is that a reason to buy the stock, guy >> you know, clearly the reason to buy the stock was years ago, remember the test drive we had with short hills mall? >> we went to the cheesecake factories and for the fireplace and had a sampler? >> good times.

>> so that was the reason. being out of the s&p 500, look, i'll say it again. i clearly have no clue when it comes to tesla if you've been long the stock, god bless you. see what happens at all-time highs and it's become one of those things where you just can't get in the way so i'm not going to. >> we have to get to breaking news out of the white house with kayla tausche. kayla? >> president trump is still holding court with multiple business executives and reporters in the state dining room, but he's making comments about a potential plan to shore up oil companies with reports that he was presented a slate of options today. he said there will be a plan shortly to assist the oil and gas industry amid all of this volatility and issues with storage there. the treasury secretary also chiming in and saying that it will not be a bailout of shareholders, but it will protect national security

interests. perhaps a veiled reference to the ability of these companies to access $17 billion in loans with strings attached that are provided by one of the previous stimulus bills we are still awaiting what that proposal is and what the government decides on that front, but as we are hearing this, we are also learning, melissa, about the nine companies that the department of energy has cleared to store oil in the federal government's emergency reserves and it includes large companies like chevron and exxon and some mid-sized trading companies, as well and also vitol, a which is the 900-pound gorilla on the energy markets and perhaps given its location overseas and previous brushes with u.s. government investigations and issues there, but we'll keep reporting this out, melissa and get you more details as we have it >> it's not a bailout, so is the government poised to hold stakes in these companies >> that was not clear and

perhaps that is being framed that way because that money that is in the cares act, if that is the way they go, that has buybacks and dividends so there is less going back to shareholders, but we'll see exactly which terms treasury demands there. >> kayla, thank you. >> kayla tausche oil, we've seen equities do pretty well, or if this could be a ferping of the floor from these stocks >> chevron trading higher in the after market i mean being the storage part was interesting to me. i just want to say kudos to tim who even at the very bottom who i think rpgs it was three days ago which was probably 20% ago or more was absolutely willing to be long energy. i think the fever is broken and

i will look, but i know i'll be put off over the v-shaped recovery, but good for tim for catching that one. >> coming up, more on today's market rally we want to know what drove today's surge. a new can't-miss fast money gang is coming your way and later d.j. khaled is with us and he's going all in to help the coronavirus pandemic and you will had are from billionaire michael rubin when fast money returns. yes. the first word to any adventure. but when allergies and congestion strike, take allegra-d...

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so guy adami, you're the first contestant and the only one. if i had asked you 24 hours ago why we would rally today would you say a, gilead or b, the fed? that's easy. i can name that catalyst in one note, mel. that's the layup the fed, clearly, i mean, come on no sorry, the correct answer is gilead the market soaring after the company reported positive test results for its potential coronavirus treatment remdesivir and while we did hear from the fed today, chair powell said the fed will continue to do whatever it takes to support the economy. with the backstop firmly in place, does it all come down to hope for a coronavirus treatment? tim, what do you say >> well, look. it's a frustrating day to listen to the fed because they're back patting themselveses a

patting themselves and talking about how they stabilized the market and i love to hear how they'll get out of policy sooner this time and i'd love to hear the fed's view on bailing out levered long investors and a lot of things that have happened in this run, so i do think that today's story is about gilead and i do think it's about the sense that all of these companies and i'm talking about the ones that are the most bombed out and not the blue chips and the top of the food chain and we talked about earnings tonight are the ones that can start to see maybe bringing in that time line to whenever the new normal is and for car companies and cruise lines and even for banks, this is the kind of day that allows people to really look to the other side so exciting day, strange day where the fed's in there still with this crazy 2% inflation target and kind of mixed when i listen to the fed on a day like today. >> should we be looking to the other side, karen, so soon

we were just on the side a few weeks ago and now we're looking at the other side. >> i know. i guess we sort of look to china as one who has been through it already and come out the other side and the bounceback there seems to be pretty strong, and i think that i'm going to challenge and go with guy and say the fed. it almost doesn't matter how long it takes to get to the other side if the fed says we're not going to let you fall. we're going to be there and we'll do whatever it takes no matter how long this is, no matter how deep this is, we will provide a bridge to the other side >> that's kind of what they said, right? so -- to me, that's -- that was bigger than the drug trials. >> guy is not alone on that. i mean, what karen and i have been discussing over the past couple of days offline and this is how interesting we are as

people and we talk about the hyg a lot and that's dominated the conversation and the fed hasn't spent a dime and look at the results its had already, pete and there's this firm belief in the market that the fed can utter words and the markets will move tremendously based on those utterances >> yeah. there's no doubt that they're the backstop and like we always say on the show and we said it forever on cnbc is you don't fight the fed and you don't fight the fed, but in terms of recent catalysts, just go back to last thursday with gilead and the news and the big spike in the markets that we had then and obviously, we follow that up and the stock went down because well, this thing is not as great as expected, and i think again, to see what we saw today and the market absolutely flew on the gilead news, and that is something that does help to bail out the fed, but what i see here

is any kind of hope or glimmer we might be, we have no hope for. we watch delta is just streaming to the upside and a lot of that has to do with if we can find that bridge through gill wad or somebody else and we have the opportunity to come back to some sort of normalcy one day. >> just quickly. i will pull the curtain back and reveal that we asked guy to say the fed for television purposes, if you will. >> oh, no. >> no. >> guy, what is your true belief in terms of what this market moved on >> well, no, clearly, it was the gilead news without question and i was more than willing to play your reindeer games, mel and say the fed. if you really look at it and when the fed came out and start

the jawboning the market went sideways to slightly lower in retrospect it was clearly gilead and with that said, i know pete is a big princess bride fan and by the way, mandy patankin and carey ellis are big fans of "fast money" and watching right now they know what i'm talking about. all they have to do is have the presence of being a bully. the fed doesn't have to do a thing and the market rallied and that was my point yesterday and that's my point again today. >> we're counting down for apple earnings and what the tech giant reports tomorrow stay with us

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>> another check on facebook and that stock is surging up in the after hours and up 10.5% and the earnings call is on the way. coming up next, grammy winner d.j. khaled is with us and he took the all-in challenge and lpmecaringing in big money to he arins struggling to put food on the table. he joins us when "fast money" returns. you should be mad your neighbor always wants to hang out. and you should be mad your smart fridge is unnecessarily complicated. make ice. making ice. but you're not mad because you have e*trade which isn't complicated. their tools make trading quicker and simpler so you can take on the markets with confidence. don't get mad get e*trade and start trading commission free today.

welcome back to "fast money," the big week of tech earnings gets bigger when apple reports and the stock is negative on the year and ongs betters are betting that it could sink apple deeper into the red and let's get to mike khouw with the options action. mike >> hi, melissa the options market right now is

implying a move of over 6% when it reports tomorrow and that's larger than just over 5% which is the average of the last eight quarters and although the sentiment was fairly mixed overall today the most active options were the weekly 280 puts, but the middle of this morning about 20 those have traded at just over $3 and they're betting the stock will fall below the 280 strike and probably by that implied move to the down side which suggests they're expecting disappointing results with the price action out of earnings and while the stock is lower on the year year on year, it is up substantially and it's priced probably not that far off of its all-time highs in terms of forward earnings it might be that that they're looking at that the stock is fairly priced here >> pete, do you think we're setting up for disappointment tomorrow >> i think mike might agree with me on this aspect of it and it could be just protection, mel. we watched the stocks that have

raced to the upside whether it's facebook, or amazon that raced to the upside in front of earnings and sometimes you're looking for some protection. this literally could be protection that's being bought just for the earnings call and if they're wrong and the stock moves to the downside they have the protection in place and i'm still bullish on the call and based on what i've seen coming in so far i think apple is poised to have a good quarter. >> for more options action be sure to tune into the show at 5:30 p.m. eastern time. d.j. cal sed going all in on the e vis d r the coronaruan thbig money he's bringing in for those most in need stay with us it's a thirteen-hour flight, that's not a weekend trip. fifteen minutes until we board. oh yeah, we gotta take off. you downloaded the td ameritrade mobile app so you can quickly check the markets? yeah, actually i'm taking one last look at my dashboard before we board. excellent. and you have thinkorswim mobile- -so i can finish analyzing the risk on this position. you two are all set. have a great flight. thanks. we'll see ya.

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>> welcome back to "fast money." the coronavirus virus is putting pressure food security for millions of americans and that has 76ers partner michael rubin stepping up with the all-in challenge and it's a digital fund-raiser raising money for those in need and stars are teaming up to auction off their time and most prized possession. since launching two weeks ago, the all-in challenge has raised more than $24 million and this week it added a new ambassador

grammy arc ward winner d.j. khaled michael rubin and d.j. khaled join us, gentlemen, thank you so much and thank you so much for doing the work with the all-in challenge. d.j., i'll start it off with you and what is it that you are auctioning off and what drew you to participate here? >> how are you doing blessings. i'm giving an experience that you can come to miami and you can jet ski with me. everyone that knows me knows i love to jet ski and miami is a beautiful place and jet skiing with d.j. khaled is an amazing experience and after that we will have dinner, and i chose that experience because i wanted it to be personal. i wanted it to be personal and i wanted it to be a vibe and other people are doing things and kevin hart is putting someone in the movie and giving them their own dressing room and trailer with their own assistant and tom brady is giving a wway his jersy signed from his first game and

meal is giving fandom away, and drake is flying someone to his concert and so many different challenges and experiences that you can get and it's all going to be helping the people in the world and giving back, you know what i'm say, the people that's in need. you know, we're going to feed the world and uplift people. you know what i'm saying >> yeah. i think you have betters in our audience and certainly on this "fast money" panel what -- not possessed, what pushed you to start this and what's the overall goal? the pandemic could go on for a long time, so how long do you hope to keep this going? >> first, i'm of the belief that a leader in sports and business, that we have the responsibility to step up during a difficult time and make a difference and when you look up and see there are so many bumps in this pandemic and when there are so many people hungry and that's when i realized what a great

opportunity it is to bring every athlete and every artist and every celebrity to go and donate one incredible item and one incredible experience to help raise as much money as possible for food insecurity, and our goal and our goal was to raise $100 million we've been at it for two weeks and raised over $24,000,001 hun% goes to the charities and all of the money to helping to feed people and it works two ways and you go to the all-in challenge website and make donations as much as $10 to $25 for a chance to win so many experiences like playing golf with justin timberlake and being in leonardo dicaprio's movie or bid on items, today we have david blaine who will fly to your house and do a private magic show for you and your friends and teach you how to do magic. walmart came in today and they

went all in and the ceo giving a chance for individuals to give an opportunity to pitch the ceo of walmart and his management team on their product to get a chance to get that product into walmart. "saturday night live," as an example is giving you the opportunity to write the weekend update jokes so there are so many different incredible experiences where everyone comes together with one goal, with how do we raise as much money as possible >> it's a great cause. thank you both for joining us, d.j. khaled, and michael rubin, we appreciate at y'rwhoue doing to help put food on the table there. coming up, we have final trades. tastes great! high protein. low sugar. so good. high protein. low sugar. mmm, birthday cake. and try pure protein shakes, with 24 vitamins and minerals.

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time for the final trade let's go around the horn tim seymour? >> yeah. high octane oil tried if you want to buy petrobras you get both the oil dynamic and the currency trade in brazil and this works at times like this. take a shot. >> pete najarian >> our options markets have been swamped with semiconductors. i'm going to go with micron. still, i think they're going up toward six >> karen finerman. >> yes bank of america. the same one as yesterday and we will have asset management business doing great this quarter and i know there are big provisions and the capital markets group is just going to be crushing it everyone is issuing billions of dollars. bank of america. >> guy adami >>. >> hey, mel, who is your favorite sixer of all time in the great dr. j or alan iverson? >> iverson

>> yeah. 100% i knew you would say that. it's even amazing that virtually we're in each other's head which makes me happy >> you know what makes me happy? we talked about psx a couple of weeks ago. stay with that sucker. >> thanks fo my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to make you some money. my job is not just to entertain you, but to educate, teach put it in context. call me 1-800-743-cnbc or tweet me @jimcramer.