and a little bit of caution about what the outlook looks like so i think that's unsatisfily the spot we go into the weekend. >> we are out of time, from mike, sara and me. thank you very much for watching have a great weekend melissa lee has you covered next fast money starts right now. i'm melissa lee and tonight's trader lineup, guy adami, tim seymour, and jim mills coming up next, the ramp to reopen. >> what the [ bleep ] is going on when did this become flatten the curve, flatten the curve, flatten the curve to we have to fiend a cure or everyone's going to die >> that video getting a lot of attention, dave portnoy will join us and why he wants to punch boeing in the face and we begin with the smackdown on the china crackdown and chip stocks getting rocked as the u.s. takes a new aim at huawei and ylan mui

is life with more. >> the white house put huawei on the blacklist a year ago, but the administration is still worried that it is relying too heavily on u.s. technology and on u.s. software so today the white house is tightening the restrictions around a supply chain. companies will now be banned from providing huawei with chips made using american parts or american design unless they receive special permission from the commerce department. of course, this also applies not just to huawei, but also to its affiliate including its inhouse chipmaker silicon and it comes at a time when the white house is trying to blame china for spreading the coronavirus. just today this afternoon president trump told reporters that he is not thrilled with the possibility that china won't fulfill its obligations under the phase one trade deal and on this move against huawei, the president does have the backing of the gop china hawks

on twitter senator rubio said the u.s. has to take strong action to cut off the network of surveillance and repression arne the world. marco rubio told us that china has been trying to sidestep the existing u.s. export controls. he said over the past several months china's maligned behavior has been on display for the world to see and that includes tech-enabled surveillance and censorship we did reach out to huawei for comment and it declined at this time while it reviews the details of these regulations >> ylan mui in washington for us we saw the reaction across the semiconductor space. most chipmakers out there global plea use chip equipment in the united states, kla tencor and lam research, guy adami, you were quick to say when we first got the headlines that tensions with china would flare up. they're flaring.

they're flaring, yet the nasdaq -- are you a fan of hank stram is >> you know i don't know who hank stram is, go on when he was head coach of the chiefs and he said let's continue to matriculate the ball down the field and the nasdaq continues to matriculate itself to all-time highs regardless of the news flow. it's remarkable. we have flagged that and i'm shocked that the market isn't taking this more seriously you mentioned some of these names and amat was a name we talked about last night and we collectively said to take profits after earnings and it proved to be correct the fact that the nasdaq doesn't seem to care about this news is remarkable, mel. >> why doesn't the market seem to care about this news, jeff mills? >> i think it actually does a little bit if you look back a couple of weeks ago so trump ramped up that china rhetoric on april

30th and guess what? april 29th was the peak of the most recent rally. i think under the surface the market is actually paying attention a little bit and if you look at polling, it's clear that voters look like china handled this in a way that wasn't appropriate and there is a will to pursue this, and the issues with the virus. it doesn't take a genius to figure out that that's probably not going to be good for the market overall specifically as it relates with what's going on with semis taiwan semiconductor in the crosshairs and the 10% of the revenues is sourced from huawei directly if you look at the companies in the u.s. and some of the suppliers. i would look at kla and i don't know the company intimately, but it is worth taking a look at it was down 5% today, it was up 8% yesterday and still trading 17 times forward earnings and if you look at the chart, this is why it's interesting, there seems to be an upward slope in the 2 hun-day moving average

the xlk sources 15% of its revenue from china companies like apple, 10% and it's an area of risk worth paying attention to. tim? >> well, this week we got to levels of relative overbought, if you will on both the nasdaq and semiconductors and none of this should be a surprise and it comes at a time when you could have cooled it off and there's a real challenge to be caught between a politically popular view on china and one that probably also globally has support and the reality that if we go toe to toe with further engaging on this dynamic huawei which we have seen before and it hasn't gone well in terms of sentiment and then stepping up trade war rhetoric again, it's an administration that also recognizes how important the market is to its staying in power. so you have a case here where i do think you've got a

headline-grabbing moment i think china will continue to be the dominant theme, and i actually give a lot of respect for throwing caution to the wind in terms of the market now to the market, this may be that opportunity where the underperformance of value relative to growth has an opportunity and you have seen some of that in the last couple of days. obviously retail sales is not a great number and so retail outperformed today and you've seen some of the miners and some of the more industrial-based stocks outperforming a bit this may be this ebb and flow which also we've seen over the last couple of years, but agree with the other guys. i don't think the market should have loved this news and over the last couple of days you have had headwinds and the market does a great job >> it almost feels and they point out the reaction to the trade tensions, but b.k., it almost feels like the market is discounting for china to enact retaliatory measures and tit for tat and we resume that sort of

you do this to us and we'll do this back to you sort of cadence, that market period wasn't a fun one for us. >> no, it wasn't, and i do think the market is probably under evaluating this and this is political bluster at this point if time because what we saw in the last trade skirmish is that we ultimately did come to a deal, but i think what the market's ignoring here is the fact that this is part of a broader trend towards onshoring. so bringing the supply chain back so if you're the ceo of a company, it's no longer politically or logistically feasible to bring the supply chain and that means goods will cost a lot more as they come in. companies like walmart who get a lot of their stuff from china potentially and this is a medium to longer term view, but potentially you could start to see price increases there as a

result of this broad onshoring trend. >> so is that the "i" word that we're starting to think of, brian kelly? inflation. >> inflation, yeah yeah inflation. so i actually think we're in a part of biflation where you have rising prices on something where the onshoring causes that, you know, increase in prices, but at the same time things that are oversupplied, airlines, cars, hotel room, all those prices should continue to fall. so you kind of have this dichotomy out there. it's very weird. it looks a little bit like the 1970s, but not exactly >> and that's on top of a global pandemic, guy. >> independence, if you want it, causes inflation i'm absolutely with b.k. on top of that you have food inflation that nobody seems to want to talk about because they think it's magically going go away which it won't. the fed won't acknowledge it and we have inflation in all of the

wrong places and there's a problem brewing. i'm with b.k again, i think the market is underestimated how deleterious this rhetoric can be to the broader markets and it's shocking to me on a day when we have every reason to go down in a meaningful way that the market ratcheted back the way it did. 24 hours does not a day make, mel, as you know >> gold star for deleterious, guy. we have google and let's get to deidre bosa with the details >> hey, melissa. an antitrust lawsuit against google could be coming as soon as this summer according to dow jones citing sources the report says that the department of justice and state attorneys general are well into planning for litigation. melissa, of course, we know that investigations were under way and they're focusing on google's online advertising business, but investors may have thought that the threat was not imminent given google's critical role in

work from home and it's creating a contract tracing app with apple that's going to be deployed by health authorities so shares fell quite sharply in after-hours trade. lawsuits could threaten the largest business and it's digital advertising and the eu has taken the hardest stance finding them in anticompetitive practices. here the u.s., critics are calling for more than fines and sanctions and even a breakup of the company. one thing, melissa, that is not clear in the report whether the states attorneys general will file a complaint and the doj declined to comment and we are awaiting a statement from google any minute now >> deidre, thank you deidre bosa keeping us posted on litigation against alphabet. the line that jumped out at me, tim, in this dow jones story is that they're well into planning for litigation which means they're not going to be happy with just some fine like in the

eu, that this could be a protracted battle, legal battle with alphabet and that is costly and that is distracting and all those things >> and it's been an overhang for the stock and the question is is this now -- remember june 20 -- sorry, june 3, 2019, when doj announced facebook, apple and google were potentially in the crosshairs and the stocks traded down 6%, 7% and ultimately went on to set new highs and the question for google is what has been the regulatory headwind largely, we had worked through most of that and if you looked at the last numbers that we got from them, clearly, what's going on with the growth and cloud, but the 2 billion in maus and youtube and the inflexion point of the business is one of the reasons why the stock's been re-rating. i do think this is a headwind that will want go away overnight and we just heard about the schedule of doj during the summer and then the state starting in the fall i will say google's been through

this before and they've been through this around the world and they haven't been through it here, but my sense here is unless they're made to be a scapegoat there are a lot of other people that will be called into this and i'm not sure this is what the doj is ready for, but tough talk for a stock that largely has been defensive and has had a very good run. >> we've got breaking news here this time on tesla and phil lebeau has it for us >> melissa, i am losing my voice, but i wanted to bring you some breaking news we have learned that tesla is zeroing in on two possible locations for its next gigafactory in the central united states. one location, austin, texas, the other location, tulsa, oklahoma. we know tesla executives were evaluating two locations, two specific locations in the tulsa area earlier this week we've reached out to tesla, a spokesperson declined to comment on the search for a new gigafactory location

this would be the fifth gigafactory for tesla earlier today there was a report that elon musk had settled on austin, texas, but according to our sources and they are people familiar with the search they are looking at two possibility, austin and tulsa, oklahoma, and with my scratchy voice i send it back to you, melissa. >> don't say another word, phil, please thank you very much. phil lebeau in chicago guy adami, i don't know if this is a game of high-stakes poker that elon musk is playing with the state of california, because to move from fremont that's a good 12 to 18 months it doesn't cost zero to move an entire auto manufacturing plant from one state to another. >> having never done that myself it's hard for me to speak intelligently about the costs associated with it, but what i'll say is it's interesting to me since the start of this year all of the moves that elon musk has been making feels as if he has some sort of air cover i'm not quite sure where it's

coming from, but he seems to be doing things that nine months or so ago he probably wouldn't have done and it's manifesting itself in the price and quite frankly, the only thing more painful than listening to phil lebeau playing hurt, by the way, and i respect that is trying to play tesla from the short side, mel i'll take a pass on the entire thing. >> all right coming up -- >> every day -- every day i'm down, like 50 grand on boeing like clockwork i [ bleep ] hate boeing. i think we told him to get out of boeing. >> davey day trader is back on fast and he has a bone to pick with boeing and a little bit more than that, and we'll talk about that and his viral rant on reopening that's getting a lot of attention stay with us (music)

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>> what the [ bleep ] is going on, flatten the curve, flatten the curve unless someone will die? who said we're getting a cure? that's not a guarantee, so we're just done as humans? people are mentally preparing and doing what you asked and done exactly what you said and now you're changing the rules. >> that rant to reopen going viral and grabbing the attention of millions and some applauding it and some are calling it appalling. let's bring in dan portnoy, but we do want to talk about this rant first, it was a very impassioned rant and you talked about it being a business owner and a founder yourself, correct? this is not political and it was not meant to be political and it wasn't meant to be blue or red, but hey this is me talking, right. >> >> yeah totally. the whole corona thing i don't

think it ever should be political. it's a shame that it is because everyone should be agained corona and it should be a unified stance against it and bar stool, i started myself and it took me over a decade to turn the corner and i lived there 24 hours in a day and i was working seven days a week, you know and i'd wake up at 7:00 a.m. and i'd go to bed at 1:00 a.m. and i'd work the entire time and if corona hit around the ten-year mark when i was doing bar stool that would have been the end of me, and you know, that's a terrible way for someone who spent a decent portion of their adult life to build to a certain point to have it end and have no say in it and no control in it so that was really it. it's about choice at some level, corona's obviously a horrible thing. the only thing we know for certain is if you don't reopen small businesses they're going to go out of business. their livelihood's going to be gone i don't think anyone knows what will happen with corona.

i mean, the way they talk, who knows? >> we do know to some degree what happens when states do reopen because the number of states have reopened and we have seen the numbers play out so far. minnesota, for instance, reopened april 27th and they've seen a 273% increase in cases since then iowa reopened may 1st, cases are up 91% south carolina opened april 20th and cases are up 89% and the list goes on, dave, so while you may have a choice, this is playing out right now across the country. so are you saying that we should reopen even though so far the numbers are very difficult these are percentages, but these are human lives behind these numbers. >> i would say that anybody can grab the percentages or numbers any way. notice georgia wasn't in that state. sweden is a country that hasn't gone on lockdown at all, and again, it is not political, but i very much could guarantee i

could find you stats that contradict what you will say and whether that be mortal iterate and that be healthy people don't really suffer the same way that someone who has a pre-existing condition. so i think that speaks to depending on your angle and you can pull any stat, any number, anything you want to create the case you want. i've heard people say the cdc, wear a mask, don't wear a mask i went on a rant the week before and said you should wear a mask and that became political. everyone wants to get rid of it, but there is no distinctive number the death rates right now -- they're not astronomical, but is that because we did the lockdown so i don't think there's answers. that's the problem you don't know what if the l.a. mayor, we'll never get back to normal without a cure what if there is no cure who is guaranteeing a cure we are never back to normal ever the only thing that is certain is if you don't allow people the chance and by the way, when i

say, the chance, clearly if you're elderly or you have a pre-existing condition you are more susceptible and at some level they'll have to protect themselves, so maybe they have to be more careful, but somebody who is 25, 35 years old in perfectly healthy, they should have the choice, i think, to do what they think is in their best interest >> and your message has resonated with many out there. elon musk for one and he tweeted, well said and he said you should run for office so just a quick question before we pivot to stocks, dave are you going to run >> no. little known fact, i ran for the mayor of boston back in the day, and they -- you had to get signatures and i paid a whole company to do it, but they could discount any signature if they couldn't read it and they conveniently said they couldn't read about 20,000 of my signatures and i fell a thousand short and no interest in political office you got the t-shirt just in

case portnoy-musk, 2024 >> you never know. >> let's talk about stocks you started and the last time you were here, you put in a cautionary tale and you put in $3 million, quickly, lost $600,000 and taking losses in can boeing, lululemon, shake shack and the latest read is you are down $1.1 million. >> i don't like that graphic that graphic's gross, but -- it's true. >> that is the truth that is your portfolio, dafr >> i wish it was the other way. >> and yet you keep going into boeing you came on the show last time and you asked about boeing and our traders couldn't be more clear about that stock and you just can't quit it >> i'm a boeing -- i'm addicted to boeing. you're right i can't quit it. i actually made i comeback i was down 600 i went down a million and i basically got even, but this week has been a disaster because i went on a cruise and airlines tirade, and when i say tirade i was backing them

warren buffett came out and said get out of the airlines and i said what does the old man know and i'm going into the airlines and it did not work out in my favor. they came back today, the cruises, but i wasn't part of them spirit airlines is also one i don't like that killed me and the thing that i'm learning, so i went heavy on spirit airline and the firm raymond james about five seconds after i went heavy on spirit came out and told everyone to get out and this is something that maybe the traders will know. i'm convinced what's happening with a lot of these stocks raymond james, i don't know how much they manage, but i'm sure they sold all their spirit before they came on and said, hey, get out of spirit guess what they look like geniuses. it's a self-fulfilling prophecy and i'm sitting here with tg global and i'm getting murdered by it. so i do think the airlines and the cruises are going to come back i really do. when they do, who knows? but i don't think spirit is going out of business. i don't think boeing is going

out of business and i don't think norwegian is going out of business and they're all trading so low that you will get four or five extra money eeventually an even if one or two go out of business and you diversify you will still probably make money. >> hey, dave, it's guy thanks for being here. to answer your first question, there's supposed to be some sort of firewall between research and trading that sort of keeps those types of things from happening, number one number two, you're in a very emotional person which makes you fantastic, but being emotional and trading is very difficult. do you think you are able to take the emotion outside of your trading and maybe it will make you a better trader? >> so the only thing i can do -- that's a great question. i have to come up with a strategy that i just get up and walk away because i'm an emotional guy. even that rant we showed earlier and a lot of people were saying he was yelling and screaming that was monotone for me that was not over the top so i'm

an emotional guy, and i'm livestreaming it so it's sort of a show that i'm putting on i probably wouldn't be doing the same thing if it wasn't for the public consumption, but it is, but i keep making a move i -- i have to tell myself when i think i've hit rock bottom get up and walk away because i always make the move at the exact wrong time because the second i sell it it goes back up so that is something emotional and i think if i just got up and -- all right it can't get worse than this, go for a walk and come back i think i'd be in better shape. >> i think you just pulled the curtain, dave. you just pull the curtain because i thought that guy in the rant was you all of the time holed up in your new york city apartment, but it was a little bit of a disappointment to be honest. >> my head would explode if i walked around like that. i was mad when i did that because i was in the stock market and fauci went before senate and the stock went -- and then i started researching and

i'm, like, and that was a change in tone for me, but -- >> sure. >> i'm not that riled up i'm a nice enough person if you see me walking down the street. >> you seem a-okay dave, why don't you give us a final trade. >> so i'm right now on alibaba i don't know what that means for china, but i know their earnings are coming next week, and i think they're kind of undervalued and they've been good since i've been involved and hopefully trump doesn't shut them down and whatever that's all about and knowing my luck he will >> tim >> i tell you what, i'm going to draft the best athlete available with el presidente ali ban a the chinese internet stocks sorry for piling on dave, but i'm on your team, man. >> nice. b.k. >> you sell the cyclical strength and slx and that's one way to do it >> the general, jeff mills >> so dave thanks for being with us today penn is up big and on pullbacks

you should take a look at it and it's been hit really hard and i do like the 36% interest in bar stools and it gaves us an interest in online gaming and the sports betting and once we get past the issues with the virus, so pnnn >> and louisiana and mississippi, casinos open next week so it could be a good week. >> thanks for joining us, dave "options action" is up next. have a good weekend.

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>> happy expiration friday options action fan, we have a big show lined up and here's what's on deck >> first up -- >> approaching target. >> yes if the idea of getting into a retailer right now seems alien to you, tony zhang has a mission brief. then -- >> he's into it. >> or just get into it the company. carter worth shows you why you might want to dive in. finally -- >> i put it all on expedia. >> we wouldn't trust that guy, but we do trust this guy mike khouw really ha