weeks ago i love the closing bell logo in your background and only beaten by mike's with the drawing of cnbc on it. >> i've commissioned back from our resident artist here who lives here so, yeah >> was that your daughter? >> i knew that >> i like it a lot she's amazing. >> hopefully we're not infringing on trademarks. >> you don't need the expensive screen install like sara had >> a little chalk and a slate. >> we are out of time. thanks for watching, everyone. melissa lee's got you next "fast money" starts right now and i'm melissa lee. tonight's trader lineup, guy adami, karen finerman, and tim seymour and steve grasso how you can ride on had reopening play and what center shares of facebook to another all-time high and later check out this image, we'll tell you

all about the big game of chicken that is breaking out in china, but first, what is the real read on retail? the group holding strong as we wrap the major week of earnings and we could dash hopes of any robust retail rebound and another 2.4 million americans filing for unemployment last week and while we all knew that the number would be awful, it may not be telling the whole story. the total claims exclude hundreds of thousands of self-employed economy workers, as well. so with millions of americans and millions of consumers out of work, which retailers are best positioned for this road ahead guy. >> hi, mel >> hi, guy >> i feel it necessary to say hi so i won't see you so which retailers are best suited in this environment and that's a great question and something we'll talk about and i know steve will talk about costco correctly and karen had thoughts on t.j. maxx, but the

one i keep coming back to is dollar general and i think goldman sachs just initiated the name with the $202 price target and people will knock them on valuation and this is a stock that slow and steady wins the race walmart was the target, as well and if you look at those two names have traded since earnings it's a tad disappointing and you have walmart trading to the previous all-time high and seemingly failing similar, although the target didn't get that high and target is over, as well and that's concerning and the name for me and others i'm sure will have other names will be dollar general, and d.g i think a lot of questions viewers will have is there are some retailers that were absolutely taken to the wood shed during this pandemic and i'm thinking of macy's and the traffic at the reopened stores was moderately better than anticipated even though they warned of a huge loss that's coming in the quarter. so tim, how do you navigate the

sector when you have so many -- and you're going have so many of these giant outsized bounces simply because things look so bleak and things are better than bleak. >> for now, names like macy's and even the gap stores and to some extent l brands and these were stories coming into covid-19 and these are stories that one, you always have to be looking at the balance sheet and macy's is a name where we spent a lot of money talking about the parts and the real estate and at some point you derive some intrinsic value about the core franchise or not i think in the case of macy's it is a case where the assets are still valuable even if the core business is going through a dangerous time and it is certainly not going to get better >> l brands up almost 20% today on the fact that they'll be closing 250 victoria's secret stores and the reason why that's good news is because alice had

felt that the best thing they can do is down sized the entire company and they forced retailers to do that faster and aggressively than they would, and that's the opportunity it seems to me, what we've seen is the dash across retail and i'm not sure that's something that you want to chase >> the ones that have been defensive are the names like walmart and its boast days for this rally ary behind it, but the largest retailers in the world, arguably, when you talk about the labor market and the issues and the pull forward multiare multiple, i think it's clear that i don't love it either. >> yes that's absolutely the opportunity and that is the wave of the future, grasso, but at the same time that's the lowest margin way of doing business as opposed to a physical store. you are winning on that front,

but losing on the margin front >> i hate to make it as simple as have and have notes the ones that were weak and they've been exacerbated when you look at a pandemic so the macy's and the kohl's stores and macy's is down 68% with a short interest of 38% i wouldn't dive into that, but you can see the up days as you had mentioned before kohl's stores down 64% with the shortage of 16%. so these are names that maybe could have blips in the recovery because positioning was just too offsides, but i don't know how they are going to survive. i don't know that kohl's stores that are tremendously based on incentives and giving away product is going survive, but i will tell you along with karen, tjx or target or even ross stores, i think the discounters are going to have their hand at

any of the goods that were ordered. they're just going to pick a price and they're going to get whatever they want so if you think that costco, amazon or target are overpriced here and then they go with the tjx or ross stores and something that you think is going survive because i don't know about macy's and i don't know about kohl's >> karen, tjx is a great trade and up 15% today what do you like about the story? >> tim was mentioning being brudent and how companibru prudent and how they're spending their money. tjx is being prudent another way. >> tjx, the quarter was awful, really bad and it wasn't about the quarter. it's about what they're seeing going forward. some of them are up over last year which is kind of amazing, but they did talk about

suspending their buyback and also cutting their dividend, and i think that a lot of companies should be doing that they get kind of a free pass to cutting their dividend and everyone and now if there's any question ask they should suspend the dividend if they're going to furlough employees which tjx did and they hope it's temporarily and it very well may be, thenpaying a dividend while furloughing employees might not be the best optics and this is a tremendous company and it was nowhere near its highs. unlike walmart and target which were near its highs which made the bar very high for earnings, they still traded off in the face of those very tough earnings this story is a little bit different. it is still below its highs and as steve said the other part of their business is what did they pay for their goods, and this is

from heaven for them this may be the best pricing they've had since '08. all of the maxxinistas >> like a pete najarian. tjx is up 50% on the week and it's up today. let's bring in one of the nation's most experienced retail executives, allen questrom, and neiman marcus and a former walmart board member and he joins us on the phone. >> nice to be with you. >> how do you look at this retail environment and karen was mentioning stocks are close to 52-week highs and walmart, for instance, is only off 6.3% from its 52-week high and target's only down 5% from its high and yet we have an economy which is in shambles and consumers which are out of work and a historic unemployment rate and does this

jive with you with how investors are seeing the stock and how the economy really is? >> it does jive because first of all, both are in the grocery business and both have very good e-commerce business particularly walmart and target it has put a lot of money into their e-commerce and upgrading their stores i think both are very well-run companies and they've done things in the past to protect them in the future and because they have such a big percentage of their business, and i think 55% is in the grocery business and target has gotten into the grocery business, that keeps customers coming in on a weekly basis so they keep people coming in and they've had the benefit over the last couple of months of having their stores open and everybody else was closed and they've had other things in their stores other than groceries and that's been a huge plus for them. other companies like costco i think is another great company although last month was a little tough and that is a company that's consistently, consistently come up with comps, too, because they give great

value to the customer. >> you heard a little bit on tjx, and another great story and tjx has had a long history of successes and they've got great value and the whole story is about value and it's a treasure hunt. >> a lot of these stores -- they have a lot of carry-over merchandise from the spring season so they'll all be on spring sales and that will be tough, but over the long term, tj maxx has been a successful company in finding value in the market the customer is looking for value. and it has day to day value. >> you have touched on a consumer in various demographics and all levels of consumer out there. so if you had to force to choose four stocks that you think will do well in the post-pandemic world, what would they be? >> well, post-pandemic world, long term i believe the

walmarts, the target, the costcos and lowe's and those will be very, very good because there is a combination in the case of walmart and target and food and other areas and the e-commerce particularly in the first to walmart and target and i think because they've been always upgrading their assortments and upgrading their ability to execute their business i think it makes them a plus tj maxx is long term because they know how to find value for the customer and i think the customer is obviously very concerned with it. >> when you have 40 million people unemployed it will be a difficult time to figure out where they'll go and until you get people back in the workforce there will be less money available to buy and who is giving the best deal

best buy is another one. they had their stores closed because their business is down, and they've done a good job of serving the customer that's in an important category and their stores suffered which i disagree with them not opening, but the stores that had their stores open with electronics did very, very well. >> you emphasize long term and yes, that's the question that i asked you, allen it sounds like you actually have a vision of what the short term may look like and which retailers might do well in the short term so in this pandemic world that we live in, is there a difference between the stocks you have picked for now versus the ones for the long term >> the ones for the short term it's going to be the necessities. obviously they'll be most important thing that people want to buy because if you have a limited amount of money it's what people will buy discretionary because think about it, where will i wear my clothes and i'll be home and

that's an issue in terms of people having restrooms open and places to go and be dressed up and that will be a little longer term it is not something that is going to happen overnight and so it's very difficult to say where these were all going to be >> i don't think the macy's will go out of business or neiman-marcus, and there were stores that did poorly before this happened and the chance of them surviving are none, quite frankly and it didn't help when they're not doing well already and i think many of those stores are long, too. those are companies that had fundamentals before and they're short term and long term and necessities are certainly essential. >> allen, always good to speak with you >> stay healthy. >> thanks, you, too! >> karen finerman, you and i have had ult in multiple convers about how it will be difficult to wear proper pants

>> i'm in the office, but when working from home, how difficult it would be to actually put on a pair of slacks, if you will, tailored pants as opposed to yoga pants or sweats exactly. lulu lemon is another one. it's expensive and it's not just a great retailer and it's an actual covid winner. i do resent having to wear proper pants and if i weren't doing this show right now i wouldn't have a sweater on i'd just have a sweatshirt and that would be my outfit all the time so i thought it was interesting though how allen was not optimistic on the department stores -- not that they would go out of business, but not as a stock to own he has a lot of experience in the space. >> everybody here is wearing pants, by the way. >> i can safely -- i don't know, i mean -- i know them so well i'm going -- tim, you're raising your hand.

uh-oh! well, i -- they're proper pants. they're proper pants, i promise. >> okay. of course. >> just kidding. kidding. bad joke not funny. >> one wall street firm makes a big call in the future of the company and should you get onboard with this stock and more virus vaccine news astrazeneca receives funding for its covid-19 vaccine and we'll break down what it means for the pharma giant and an earnings alert for two after-hours ve d ats driving the action we'll have details and much more after this yes. the first word to any adventure.

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alto we kick things off with josh lipton and nvidia. josh >> melissa, i caught up with hans over at rosenblatt. i just wanted his take on the quarter. he rates nvidia a buy and executing well in a tough environment, gaming was down 10% sequentially and a bit better than expected and this is a slow are period for that period and on the other hand we know there are people at home searching for entertainment and it was pointed out better than expected and it is up 18% sequentially and that's one reason the segment investors are piled into the name and the outlook is slightly better than expected and 3.65 billion and his bottom line remains a solid investment proposition and he argues for long-term investors. as for the guidance, 3.65 billion and you heard hans also mention malinox and it closed that acquisition and it's a high performance networking chip company and basic terms that connects servers together

and a lot of the analysts who cover the name were excited about that acquisition and also remember the stock headed into this print and nvidia had surged 50% year to date and it was the best performer in the s&p tech sector and this kicks off at 5:30 eastern melissa, back to you josh lipton with the latest on nvidia and steve grasso, you've been in and out of this name over time. what do you make now >> the pushback will be the price and valuation on this one of gpu, gaming, they derive 85% of their revenue, and this one, no matter how you slice it they blow away amd and that's the one that most people say is their closest competitor and they blow away amd on gross margins and on net margins. they're more on par with intel, but you have to tell me the way the value and growth game is going to play out. so far growth has one, so i'd still bet on nvidia going forward, but if we see rotation

into value, that's where intel will probably steal the thunder even though nvidia is where the growth and tech guys will pile into looking for beta and it is up 50% for the year. if it was the rotation out of growth and slipping to intel, but would you rather myself out of the three it's n vitdia, and it will be amd. >> would you rather? >> tim, what do you say? >> that was impressive look, i think on nvidia, the 100% move off the lows and this is one of the great trading stocks we talk about on fast money and it's had 80, plus or minus 80% moves since october 2018 and i was just counting, obviously and when you think about data center and hyperscale cloud, this is a very exciting part of the business and this is the part that i was talking about, quite healthy yes, gaming is critical and

april is a soft time for the gaming revenue stream. so, look, i love nvidia. i don't love it here and i think you'll get your shot to buy this back it looks like it's topping and it's been kind of rounding around this level and i think you can get it cheaper. >> let's move on to palo alto shares of the cybersecurity company going higher and let's get to don chu at headquarters with the latest. >> it is the trifecta, melissa the cybersecurity firm beat on profits and they also beat on revenues and unlike other companies that have withdrawn guidance, they are giving guidance not just for the current quarter, but for the full year, as well and some of that guidance especially on this current quarter is giving some investors reasons to cheer it does come in stronger than expectations in terms of revenue and billings growth and they're in the middle of the q and a portion of the conference call and i just want to pull a couple of quotes that we heard so far from the ceo and other executives there

they say that they expect the pandemic to last around 12 to 18 months before the customers that they have return to a new normal they will see new businesses emerge which have not yet envision by future successes and again, a reason for the bullish move there this will drive the need for increased cloud beneficiary and the fact that people are staying at home and working at home. the good news here is i think the worst is over. i think we're slowly building become to an economic recovery, and it is how they cree ate these technological opportunities. >> for a company like palo alto, it could be seen as a beneficiary as more people stay and work from home that need cybersecurity. >> don chu, they have the trend going for them in terms of working from home and issuing guidance of any sort, guy, let

alone strong guidance for the next quarter, and that's pretty impressive >> next quarter is pretty impressive >> palo alto is a gold standard in this space and we've talked and operating margins came in 16.5%. the street was 13 1/2 or so. so in normal times this is a remarkable quarter and even more so given the environment we find ourselves in the one problem with the stock it's had trouble at $250 on probably three different occasions, and i think we'll get through it this time on the upside, but i would understand if you took profits. i who would go through the 250 level, but if you wanted to do it it's not a bad idea. >> karen, thoughts on

cybersecurity? >> obviously, you can see why it's important with everyone being remote and holding desks and bank operations to remote locations, but the space has always been there rightfully so, but i think i kind of missed the boat here. >> tim >> yeah, well, i think weakness should be bought, and i think palo alto has proven they've been evolving in cybersecurity and the demands on companies have never been greater and this is where they're going to spend in my view and not chasing it here, but i am buying it near-term. i'll hear more about fall on alto's quarter tonight and the ceo will join jim and he's sitting down with the ceos of take-two and target. another record for facebook and the social stock in health rally mode what is driving investors to like this name we'll have the details next and facebook as one wall street sees a 20ra% lly on the way

we have the full details on this call when "fast money" returns (soft music)

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welcome back to "fast money. big news out of cnbc parent comcast crossing over the past few hours. the universal park in florida taking a big step to reopening within days. julia boorstin joins us with more on that >> universal studios which as you mention side owned by cnbc's parent company getting approval to reopen its orlando park for the orange county tack force universal is proposing bringing employees back on june 1st on june 3rd it would open for limited capacity for annual pass holders and opening up for the

general public with limited capacity june 5th and there's no word yet on how the park will limit attendance it will take everyone's temperature and will implement social distancing measures and universal studios telling us, quote, we look forward to approval from mayor demings and we look forward to confirming dates with the preview dates in general public opening orange county mayor demings says he plans to discuss the reopening plans with the governor likely tomorrow morning and disney tells us, we reached out to them and they tell us they don't have an update on their reopening plans or time line and we've not yet heard back from seaworld and what their plans are to start a phased reopening back to you. >> julia, thank you. julia boorstin with the latest on universal show of hands, guys, we're all parents here who would go to a theme park the week of june 5th when it reopens wearing masks, washing hands,

taking -- all those things okay >> you're laughing, guy. >> would you, mel? >> no. no, i would not. i would err on the side of extreme caution. you're talking to somebody who spent five months indoors not venturing outside until just a month ago. guy, why not >> for a myriad of reasons, none of which i want to get to at this time, but most severe of which because of the fear factor, without question i'm -- i just wonder if it's necessary in place and is it enough for me, there's no compelling reason to go and wait online for an hour and a half for pirates of the caribbean and i can put on netflix and check out johnny depp myself in the comfort of my own home. >> so that said, we are all here

in agreement just on "fast money" and only speaking as individuals, we would not go initially at this reopening, so does that make you less optimistic about a disney or a comcast, let's say, steve grasso, if you thought that them reopening didn't necessarily mean that droves of people are going to be knocking at the gates to get into the theme parks? >> you know, the charts are actually similar on both comcast a and disney, but i was dead wrong on disney back along the $100 level. i thought the stock would crater and fall to the march low of 85 and instead fall 18% and i was questioning the 26 million they were getting from parks and it still might talk a tremendous hit and it is still once again, positioning in the names here

where everyone got lop sided and no one knew how to get back in the park the vaccines and the time decreases the better the stocks will be and it seems like they priced in a heck of a lot of good news. i wasn't a buyer at a hundred and i was wrong and i can't see buying in at 118 either. >> coming up, baidu bids adieu, maybe. the bold action the company is considering taking as u.s. tensions ramp back up and a billion dollar bet on the cure and the giant bet it took from uncle sam for its experimental coronavirus vaccine. we have the details when we come right back where will you go first? ♪ wherever you may go lexus will welcome you back with exceptional offers on exceptional vehicles. get zero percent financing and make no payments for up to 90 days on all 2020 lexus models. experience amazing at your lexus dealer.

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welcome back to "fast money," facebook hitting another

record high after the company announced its workplace chat tool now has 5 million paid users and they're increasing the price target to 260 from 245 is it still cheap, in your view? >> is it cheap >> it's not cheap to itself. it's cheap to some other things. we all know about there's going to be pressure on the advertising revenue, but i have this -- they have multiple other revenue stream i still like it here and if you go home long it's the same as buying it here and it doesn't matter what your cost is, so they've really done an extraordinary job i think through this crisis and its helped their p.r. position, and it was interesting to talk to hear mark zuckerberg say the workforce was 50% remote by 2030

and that would reduce expenses meaningfully, as well. stay long. i like it. >> it wasn't too long ago, pre-pandemic when we were all worried about the regulatory issues facing facebook and complying with whatever regulations were going to come, tim. has that all dissipated in this pandemic do we have to worry about it >> well, i think we have to worry about it and the doj was a factor in june third, and we heard about it with google i think it's there and the pandemic has certainly changed pri orits in washington and it probably should in the short term and facebook's ability to focus costs are very important for investors because there have been times when you've seen major margin pressure of understanding and not totally understanding the platform itself it's an important point and the

shop's concept is very important to think about where they could start to be getting into more of a retail model which is enormous when you consider the size of that platform, and extraordinary that the ad spend has not been a headwind for the stock and when they gave those numbers and talked about how resilient, i think, i forget what the word was and they've been very, very resilient in the face of the market here, and i'm not going home long facebook today i am someone that has certainly become more constructive on the stock and maybe that's where i should start to evaluate, but i think this is a case where this company has very good things going for it >> let's check out shares of boeing soaring thanks to a call from rbc analysts initiating the stock with an outperform rating with a $164 price target more than 20% higher where it closed it is based on the expectation that air traffic will rebound by 2021, that's next year and the

737 max is reinstated by the third quarter of next year and we're almost there now and is there a light at the end of the tunnel for boeing or is it still not cleared for takeoff. i know you love these puns and things guy, what do you say >> still not clear i like that that's very clever hopefully you came up with that on your own. >> i can't claim -- i can't claim credit for the clever lines of some very talented segment producers here. >> how unfortunate >> so i know you read the piece and what i'll say is they made a big deal about the defense portion of the company which is something tim has been saying for quite some time and we have mentioned that that it's totally being overlooked so i get the note and understand what they're trying to do. what i will say is this. i thought the stock was headed down to 100 on the beeline this level we're at now for you

playing at home, this is basically smack-dab 50% retracement of that recent high and the march 23rd low of i think it was 89 or so. you get to choose here 135, you can stay long at 135 or say you know what? there's another leg lower. i'm in another leg lower camp, but i can understand why you would be optimistic, but label me a skeptic >> grasso, what should we label you? i'll try to be a realist when you look at the revenues here you have 32 billion coming from commercial airplanes and then you have 26 coming from defense space and security pick your poison. guy likes that one, too. do you think the defense space and security as tim has pointed out is going to be strong enough to bridge that gap for when the

commercial airline business comes back in. the stock's down 57% the 50-day moving average is 135. use that as your barometer you want to get long here if it trades at or below 135, exit the trade. if you want to take a shot at it here, then be my guest i would not be getting long. i don't know if that commercial airline business comes back any time soon, and i think if that's their top revenue maker i think that will be a headwind going lower. >> and one after the other after the other. tim seymour, do you agree with third quarter recertification of the max and is. >> important to your thesis for boeing >> it's part of a bullish thesis and today you heard southwest air, they're one of the best positioned airlines out there saying we have 13 billion in cash

we're discussing damages with boeing and we're discussing new deliveries they're also the guys talking about deferring and this is when airlines are starting to think about the entire country is starting to reopen we don't know what the pace is, but the best of breed balance sheets within the airline sector are going back to work at some point and therefore that's the same reason why i think we don't care what 2020 earnings are and we kicked it out where we begin to normalize for 2021. yes, you want to get 737 back, but i thought today's announcements were indicative and bullish for boeing >> coming up, another company getting a boost in its hunt for coronavirus vaccine. just how much will successful development mean for its bottom line popeye's taking the wars to china and 'll ndwefi out how the first foray into chicken is

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welcome back to "fast money. the u.s. striking a deal with astrazeneca, and meg tirrell has the details. meg? >> hi, melissa, this is the biggest deal that barda, a part of the u.s. company has arc warded for working on covid-19 and warp speed and it's the program trying to accelerate the vaccine by later this year early next year. they awarded to san ofy and half a billion to j&j, and moderna and 1.2 billion to astrazeneca who partnered with oxford. the government gets a guarantee if the vaccine is successful of

300 million doses by october we talked to the ceo pascal o s soriot this morning. >> the vaccine costs very little and we are doing this at no profit during the pandemic it will cost a few dollars and it will be very, very easy to middle and high-income countries and we're working with global organizations and that are supported by the foundation and many other countries to help those countries to the vaccine >>. >> astra zeneca pledging, and they make affordable vaccine, for emergency pandemic use they're not thinking about the

profit whereas the pfizer ceo told forbes that financial returns should not drive any decisions. so, mel, a couple of those more firm than the other and astrazeneca saying not for profit at least during the pandemic unless this becomes a seasonal vaccine they will make money and they don't plan to for the pandemic. >> it's interesting that we see such a reaction in the stocks. today alone astrazeneca added $47 billion in market cap that they wouldn't make money off of it and maybe they'll make money off of it later down the road and is there something else we're missing here are they gaining plants and manufacturing capacity that they'll be able to keep after the pandemic >> they're striking partnerships in order to manufacture this vaccine. we do know that they're establishing a pandemic

preparedness center from oxford and unclear whether the barda funds could go to that, but perhaps it's the market's general excitement over enthusism expressed during the vaccine. >> we have seen it this week meg, thank you meg tirrell with the latest on vacn >> this is billions of dollars of market cap being added on to the giant pharmaceutical companies and the smaller biotech companies and for what there is no necessarily bottom line payoff, karen, for many of these companies except for good will and maybe that's worth the price. i don't know i'm not sure >> right clearly, moderna which we looked at yesterday, and in the hunt at the same time, even if you did get the holy grail did you have to share with so many. maybe it is good will and all of

the pressure on drug pricing will abate and that would be enough, but that would be for big companies that have big drugs or other big drugs in the pipeline, i guess. i don't know, it doesn't make sense to me. >> and the action was interesting and it returns to basically to $2 above friday's closing price and the big pop that we saw in complete phase one data and the questions being too incomplete has almost gone away >> yeah. it's gone away and it priced at $76 and it closed at 67 today, and to your point with karen, these two names specifically are somewhat in terms of trading very cautionary tales. look at gilead, for example. look at the big move, i believe up to 85 on the talk of a treatment and now look where the stock is trading you just mentioned moderna

astrazeneca is not a cheap stock before this and it's certainly not a cheap stock now. so if i were trading the name i would look at this move to 57 where it is as a gift and i would be looking to take money out of this. could it continue higher absolutely, but just understand that this is not a cheap stock by any metric. >> coming up, calls for a crackdown on chinese listings may have claimed a big victim. what a baidu adieu could mean for the company. why they're peinexctg big things tomorrow morning stay tuned

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reliability and security. and enough bandwidth to handle all your connected devices. voice solutions like remote call forwarding and readable voicemail. and safe, convenient installation. when every connection counts, you can count on us. get the connectivity your business needs. call today. comcast business. we've got a big interview coming up tomorrow morning joe biden, presumptive democratic nominee will join us live on "squawk box" at 8:00 a.m. you won't want to miss that. we have big news on baidu, the chinese tech giant is considering delisting its adrs from the nasdaq and moving closer to home to boost the valuation and the move comes after the senate passed a bill that could bar chinese companies to list unless they meet certain requirements could this be the beginning of chinese big tech mass exodus

what was interesting to me was the quote from ceo and founder robin lee that chinese companies seem to be the target of new, u.s. tighter regulations and that is a concern and if you are a good company you have the exchange to any marketses in the world. this is a bill about foreign companies. so this is about it being able to have a three-year audit trail, and this is to hold accountability on accounting standards and this is about transparency i repeat, i think it's as much about what will benefit those companies in the eyes of investors in terms of their multiple and thus their valuation and put money in the shareholders' pockets as it is an albatross and these threats obviously from the companies themselves, of some sort in china it's important to show

some bravado, i think here to expect these companies to do something that they don't have to do would be very much a surprise and remember again, companies go out of their way to list here and the companies that have been major global ipos haven't met the standards and that's what it comes down to >> from the exchange perspective, grasso, is this a concern because i agree with tim from the investors' perspective, this is a good thing for investors to demand more transparency of companies that list in the united states and the way it's being perceived is a direct threat, a dhchallenge o chinese companies in this political environment and do u.s. exchanges risk losing business and maybe losing current listings >> sure, of course there's always that chance and it's a bipartisan issue, and to echo the comments that have been

made there must be some shareholders protection, and you have a government that forbids any cooperation to any investigations there's zero protection for the investor with that so i think you will hear a lot of saber rattling along with this and it could cost some liquidity and ultimately it will be for shareholder protection, and so we'll just have to see the way it plays out why don't they just comply that would be the end of it, and you know, once we start to get some sort of an agreement that we go forward, that will be in the best interest of the exchanges and shareholders >> speaking of chinese tech, alibaba is reporting earnings tomorrow and it could jump when those results jump the wire and mike khouw has the action. hi, mike >> hi, melissa so baba traded about two times the 20-day average options volume today and most of that activity was concentrated in

weekly call options which right now are implying a move of 5.2% or so higher or lower after they report earnings and the action that caught my eye were the buyers of the may 215 calls. they were paying about $5 for those and buyers were expecting a pop after earnings that would get the stock up over 220 or so after they report tomorrow >> thanks for that, mike for more options action, the full show is tomorrow at 5:30 p.m. eastern time. up next, love that chicken from popeye's the launch that broke records for the company. stay tuned ♪ ♪ ♪ ♪ ♪ ♪

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welcome back to "fast

money," check out the scene in china. popeye's reporting in a big way reporting customers are waiting for hours. popeyes says it is the biggest debut in a new market ever popeyings is bringing it to young china. it is climbing 2% today while young china shares were down by almost 4% upon t the goal here for popeyes is 1500 restaurants in china. should yum china be worried? >> extraordinary i think yum china has competition and we've seen this across the fast food space in china, and i do think that some of these iconic american brands are following the same path, and i think at one point with taco bell and kfc, and i won't use derogatory terms and they were the only game in town, and popeyes is clearly encroaching on their turf. i will say yum china has had

growth after stumbling out of the blocks and any weakness here is going to be that will be systemic. >> it is time for the final trade and let's go around the horn steve grasso >> so aimous, and it is down 48% year to date and wait for it it's got a short interest of 42% and this is susceptible for higher avis budget. symbol is carr >> tim seymour >> the emerging markets has three of the top five names are chinese adrs, and the weakness in the last couple of days and relative to the s&p it had been trading and i think you can buy this ona trading call that thi was overdone >> karen finerman? >> yeah. i'm sticking with the girl, boy, whatever that brought me to the dance. tj maxx. i like what they had to say today, they took a lot of charges and they wrote down a lot of things and their same-store sales i think are going to be really good going

forward once we get things open. tjx. >> guy adami >> if my internal clock is correct there are 15 seconds left in the show, and i missed my popeye's taste test that was a lot o 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 you so call me at 1-800-743-cnbc or tweet me at jim cramer. was today's pullback all about profit