and nothing says it has and people are on alert and given what's come and not too built in and the fact that we're a month in sara will go for a final thought, but no. we are out of time >> we're out of time >> thanks for watching "closing bell." we'll hand it over to "fast money". >> fast money starts right now i'm melissa lee. guy adami, tim seymour, dan nathan and pete najarian will join me shortly. president trump says he will hold a news conference on china tomorrow we are live in beijing with the very latest. plus, the four words that sang disney shares today. what they are and how our traders are trading it later and the cannabis comeback and what has the pot stocks blazing higher and we begin with the major new development coming out of the white house after president trump signed an executive order targeting social media companies. let's get to it, kayla tausche is live in washington with the

latest kayla? >> melissa, this effort by the white house to target social media companies for a perceived bias has been under way for nearly a year, but in the wake of twitter's fact checking president trump's own tweets, policy officials rushed the executive order out today. here's what is in it which the president signed this afternoon. agencies from the fcc to the ftc and many other agencies in between are directed to review liability shields that are provided to these content companies that protect them from lawsuits over what appears on their platforms. the department of justice are directed to organize state attorneys general to enforce the crackdown. the federal government is also going to be issuing a widespread review of taxpayer dollars that are going to these platforms in terms of the government's own ad spending and all of this is expected to happen over the next 30 days. these agencies are supposed to report back and these funding

totals are supposed to be submitted to the office of management and budget. just this hour president trump said that he does not want taxpayer money going toward these politically -- political activists running monopolistic companies. >> the government spends billions of dollars on giving them money they're rich enough. so we're going to be none of it or very little of it >> and the executive order is just part of the effort that the administration is launching here in the oval office when he was signing that executive order he was joined by the attorney general who said that there will be litigation accompanying this although president trump said that he imagines that this executive order and any lawsuit forthcoming from the administration would end up in a protracted legal battle and he expects that challenge and he wants that challenge he also said there would be legislation coming, but with a

house of representatives controlled by democrats it was not expected to be a symbolic stance about it feels about silicon valley and what they see as targeting of conservative content on those platforms >> kale a the president said the federal government spends billions of dollars, is that really what they spend on advertisement? >> with the pockets as deep as the federal government, melissa, it's easy to imagine that the spending is in that ballpark it's really hard to look into the labyrinth contract of these agencies to find out what exactly they are spending. what we know is just in recent months, the social security administration had a $14 million contract to put social media posts up related to the cares act payment. the social media had $100 million increase and the navy

had a $33 million plan, your online advertising although many of these online advertising budget, melissa, they include everything from banners to pop-ups, to e-mail to everything including social media and it's hard to carve out what that figure is, but you can bet it's fairly large >> kayla, thank you. kayla tausche with the latest from washington. twitter taking the hardest hit during the day facebook falling snap and pinterest soaring presumably because they would be not subject to the same problems as twitter and facebook in the future guy adami, is this really a threat to the business model of a twitter and of a facebook? >> hi, mel >> hi, guy >> well, it's definitely a threat, but i think it's more of a veiled threat than anything else twitter has had a tremendous run and it was due to take a bit of a breather and these headlines

obviously helped, but i think this is more and i'll use the word and i'm sure i'll get some added at me and it's more bluster than anything else i do think twitter out of all of these things still sets up the best and probably the most undervalued in terms of the names you just mentioned and the thing that concerns me technically is since september of last year you've had this series of lower lows and lower highs and this seems to be forming another one. technically, it's got to hold basically 30 bucks, but out of the names you mentioned i'm more inclined to own twirt thtter thh other three. >> the varying stances that a twitter and facebook have in terms of expansion twitter saying it will weigh on this by putting that fact check on certain political tweets. does that matter should you say, you know what? i don't want the social media platform i invest in to be any sort of arbiter of truth. >> well, it sounds to be a

political issue here i don't think it's nearly as bipartisan as the president just mentioned in the oval office there. listen, i think jack dorsey tries to do the right things for the right reasons. facts are facts. i think that's something that has been debatable over the last few years. i think mark zuckerberg will go down in history and if you look at the last five years, you look at the kale of their platform and the hands-off approach and you will say to yourself they have no control over this monster that they've built and his hands-on approach won't be viewed favorably and in the online sales thing, when you talk about the total number the president was talking about. facebook and google have a monopoly twitter expects you to do $3.3 million in sales in 2020 and that's more than the entire online ad market in the u.s. to me, when the guy turns that

there's a lot of bluster and i don't success you can go offer, any softness that you see in the stock in thoory should be pate >> we have seen bloodstreamer and we've seen attacks on entities that at times the administration stragsz, those have largely been buying opportunities. the doj attack that seemed to have been inspired by the administration seemed to be moments to by. looking at the run facebook has had in the last 48 hours of the headlines and it was an extraordinary run by facebook that not only showed amazing resilience during covid, but then layered in this shops business and the ability to start to take placer more of a retail platform on top of the

advertising model that so far doesn't look like it's run into a headwind facebook around 220. let's see, that was resistance at the old highs and now that will obviously be support. we're just about there and it's been an extraordinary run and even though it trades relative to some of the other mega-cap tech names for now your question was -- is bluster a buying opportunity it has proven to be in the past. >> ladies and gentlemen, mr. pete najarian has joined us this evening. he is now in his quad box where he belongs pete, i'm going to go back to the board of stocks that we showed at the very top of the show which showed facebook and twitter under pressure and snap and pinterest thriving in today's session. would you rather a basket of the facebook and twitter or a basket of the snap and pinterest? >> oishgs, i'll take facebook and twitter all day long and twice on sundays you guys used the word bluster

and i'll play along, as well >> two weeks ago i was look at facebook trading $200 a share and it gets up to 240 in the blink of an eye, it felt like and the pullback and even including today, that's really not that sharp of a pullback, i wouldn't say just yet when i'm looking at facebook, and i think that's partially because i think people have an understanding that based on what we heard from zuckerberg and the route that they're taking let's not forget that facebook is not just facebook i think it's all of the other entities and those other entities are what's going to feed the monster going forward over the last couple of years. i own calls on it, as well and there's a reason i'm as bullish as i am and they do dominate in so many different spots. >> dewitter had a nice run recently as well and i had a rip roaring side to the upside, and a lot of this upside call buying

and that slowed doin a little bit, but i wouldn't stay away from twitter for too long and the pressure will be on twitter far more so than you'll see on facebook over the last couple of weeks. >> fewer years from today and we thought the election proved to be a very difficult time for facebook and particularly the aftermath and we thought back then that the next election could be a risk. the next election is around the corner at this point so is it the same sort of risk especially as facebook and twitter, social media in general drawing the attention of washington so closely? >> i think that's a great question it doesn't appear to be and facebook to their credit has done a good job of better job this time of trying to get in front of that and i think they've been doing that now for the last couple of years >> it's interesting to me that facebook is a media company when

it suiteds them and not when it doesn't suits them pete outlined it very well and they have more leverage to pull in 2019 and 2020 than they did in '15, and '16. i would push back and say twitter's had a good run and yes, it sold off from 35 and don't underestimate the power of twitter to perseverehere in th wake of what is again for the ninth time in the first eight minutes of the show and the bluster out of the administration >> let's talk about this bluster and cnbc contributor james stewart. >> thank you nice to be with you. >> would you agree this is bluster and does it actually impact the business? >> well, i think probably, you have to take it somewhat seriously although i don't see it as a significant business

threat this particular effort to -- of social media companies and i think more worrisome and long term is the ongoing anti-trust investigation and this kind of rhetoric coming out of the white house just establishes that, you know, the president is out to get them and when they do something he doesn't like, i think what he really wants to do is to back down and let him get his way and he's threatening and he'll take whatever regulatory action he can against them and there is a big justice department investigation into google and facebook. interestingly, though, twitter is much less vulnerable there. i don't know how you make an antitrust case against twitter mostly on facebook and they try to get them but twitter doesn't dominate a media market with an

awkward solution. >> as an astute media watcher, jim, when you take a look at the very different stances mark zuckerberg and jack dorsey are taking which would you say is the smarter route in your view >> i think it goes to the long-term credibility any in that sense, dorsey is being smart here he's trying to maintain the credibility of twitter as a source of a lot of information, and i think zuckerberg is much more willing to let facebook be this kind of free for all, and it may be because it's a different animal from twitter. twitter is closer to a new -- people go to twitter for information. they don't go there as much to trade the tidbits with their friends. there are a lot of people on

facebook who probably don't care what the president is saying about, you know, or something like that. they're on there because it's their primary media outlet for interacting with friends they both have a different reaction because the different platforms serve as a different approach >> tim, you've got a question? >> yeah. jim, ultimately the issue of facebook in the past and the irony is they were under the magnifying glass of the administration off the last election and there are many that argue that they truly helped elevate this administration in the last election, but facebook trades at a discount for a reason and i know you're not a financial analyst per se and you've been watching this company and do you think it can come out of this election cycle and mark zuckerberg to me sounds like someone who is trying to tactfully kind of play a middle ground here and could we be

removing -- i know you're concerned about doj, but could we be removing some of the headwind from the facebook discount >> yeah. i think that's possible. i think people have relatively low expectations about facebook and are worried that they're going to be manipulated as they were with the people infiltrating the side and with the things they said that they are taking the election concerns very seriously he's not going to try to fact check everything, but individual or secret russian agents pretending to be someone else and disseminating information and if they can succeed with that it will go a long way for it to be leaving the biggest concern about that, and of course, the other thing is frankly, the antitrust issues would be greatly diminished if trump is not reelected

on the merits it remains to be seen, but with at&t and time warner where it looked like it was a politically driven lawsuit and it was thrown out of court i think you can see a similar outcome on facebook. jim, thank you for your time appreciate it. >> sure. >> jim stewart at "the new york times. we have breaking news out of the asco conference. meg tirrell has the latest. >> the world's largest cancer research conference is taking place this weekend virtually due to the pandemic, but we are starting to see the first presentations being posted and that's driving up the stock of astrazeneca in the after hours more than 6% on news that the company's lung cancer drug togriso was shown to improve or stave off disease progression in a certain form of lung cancer in

this trial they say after two years 89% of patients in the trial treated with togriso remained alive and disease-free versus 83% on placebo. that will increase drug sales and it is already on the market for astrazeneca. >> thank you pete najarian, astrazeneca, where do you go? >> that's a great name i don't own it, though, mel. i own several other names in the space and health care is a great place to be over time and i like gilead in the biotech space and everyone's working on covid, think, and it's great to hear something outside of covid and to hear something other than a covid deal i like astrazeneca, i think it trades at a premium relative to other names. >> coming up shares of williams sonoma and we'll break down the numbers. why shares of disney is wndo even as its orlando park is ready to reopen.

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♪ ♪ welcome back to "fast money. we have a pair of earnings alerts williams sonoma both on the move in the after-hours session courtney reagan has williams sonoma and we kick it off with josh lipton for more on sales. >> melissa, just to dig into the sales force results and the subscription and support the software revenue where they're earning $4.6 billion in line and their consulting services and 290 million, but the forecast light versus consensus and q2 eps 64 to 66 cents. revenue, the guidance for q-2 also light and they're looking

for 293 and 295 and they're looking for revenue to be up 17% and it was close to $20 opinion 7 billion and i did catch up with a crm bull. he says refer new did beat consensus by 19 on lower expectations the stocks selling off, he says, on this guide down crm also lower operating cash flow and forecast the billings did show 20% growth and beat consensus, he remains a buyer that this is a resilient business model and strong secular drivers and reasonable valuation. on the call, sales force mark benioff saying the first quarter showed an amazing growth trajectory and the virus emerged at which time his company pivoted to keep his employees safe, guide customers and support communities and the pipeline is strong, he says and we can operate successfully in any environment. for more on benioff check out

jim cramer's show "mad money," a jam-packed show. >> josh lipton in san francisco. the stock up 17% with it down now by 4%, dan >> yeah. mel, up 50% from the lows. today the stock was trading almost 185 in sympathy with the really strong quarter and guidance from work day so like you said, really tough setup and listen, i think this is really important as we get to the tail end of s&p 500 earnings a lot of these companies have had another month to see what this selling environment looks like like salesforce.com so this guidance makes sense i don't think you can take anything away from it especially if it proves to be conservative. as an investor after such strong gains in a lot of areas of the market you'd like to see ceos, management set up some guidance that they can beat later on which might be a tougher year as we get into the meat of 2020 >> guy adami, it does seem

prudent. you either pull it or lower it >> and listen, if you look in terms of what they did on the revenue front for this quarter, i think it's remarkable. to dan's point its had a huge run, if you're looking for a re-entry point i think it comes in the form of 165 and if you go back and look over the last year or so that's a level where it's plateaued for a while and that makes sense. past resistance becomes support and i think you'll find it in the form of $165 >> let's get to williams sonoma and that stock is rocketing higher after reporting value courtney reagan has that >> this is a pretty unique quarter because williams sonoma put up positive comps even though all 617 stores were closed for more than half the quarter. how did they do it it was a combination of more than its sales being digital and cataloged and consumers turning into home purchasing in a lot of ways during the shelter in place order. for the first quarter williams

sonoma beating analyst earnings estimates by really wide margins and revenue is also stronger than expected. >> total comps are 2.6% and the digital comps alone up 31% the ceo said it did have break out growth in digital towards the second half of the quarter and that that breakout growth, she says, is continuing now into the second quarter if you look at a breakdown by brand it was pottery barn and teen's kids' division that were the strongest, up 8.5% and west elm up more th elm up more than 3 and only more than 1%. the company calls its liquidity position strong with $860 million in cash and not giving any guidance and then just now on the earnings conference call ceo laura alber says of the 364 stores that are open by

appointment only so far the customer response has been strong and social distancing and customer limits that will remain in place will constrain the store sales for some time. back over to you >> court, thank you. >> courtney reagan this makes sense, right? you're sheltering at home and you want to replace the coffee table and you might need a new le creuset which you realized when you were at home. >> absolutely. >> have we seen it pull forward from the rest of the year? >> no, and some fondue mixers and all that stuff we bought a couch. we bought a couch. it hasn't arrived yet and in fact, i can't wait for it to arrive so i get it. look, williams sonoma is 100% off those lows and it's a microcosm for the market because they're saying this whole nesting trend, it will be challenged by employment issues. it will be challenged by free cash flow issues for the household balance sheet so the

valuation for this company nowhere near cheap with 2021 and the ebitdas are capped around eight times and i like the name. i like the trend and i think we are nesting more, but this may not be the place i'd go and i prefer restoration and i prefer home depot and lowe's to better capture the trend. >> pete? >> i love the valuation and she mentioned that cash and from that perspective, everything is great and this is the perfect company for the times that we've been in it, right? because of catalog and digital and the sales that they take from there it was about 50% of that and when i look at that, mel, i'm impressed and i'm impressed because it is not cheap and the stuff tim's buying out there, it's expensive and we have a high margin business as well and on top of all of that going forward, it's impressive to me that people are spending that kind of money which they are and they're doing so the way they are and because of that i still think there's plenty more upside

for this because as people come out and they can go to the stores and touch and feel it, that will just be one more opportunity to sell to the customer. >> couches and fondue systems don't come cheap, right, guy >> they're not cheap. >> no. nobody loves a dutch oven as much as tim does i'll just throw that out there and pete's right it's a great company, the comps were ridiculous. the street was looking for minus 14% and they came up with up 2.6% which is remarkable and the only thing that concerns me here is they were bumping up against the highs in january at the 178 level and that's the only thing that gives me pause, otherwise it's aremarkable quarter. >> how beijing's move can have a big impact on your money and later elon musk gets a jackpot and we'll tell you h mowuch money the tesla ceo just locked in

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♪ welcome back to "fast money. big news within the past hour and a half or so president trump set to hold a news conference on china tomorrow this comes after beijing passed a new law that overrules hong kong's autonomy. eunice yoon is with us. >> people here will watch to see whether or not president trump will allow sanctions on china or rip up the deal. today in defiance of washington, chinese lawmakers approved national security legislation which essentially gives beijing much more control over the city. it paves a way for the leadership to clamp down on activities in hong kong that it sees as subversive to the

chinese state and possibly allowing it to sets up intelligence agencies there. many in hong kong, as you can imagine, are worried about the implications that this would have for their freedoms. there's been a lot of speculation about what the u.s. response could be, visa restrictions, perhaps for chinese officials and a freeze on transactions and also the idea that the u.s. could withdraw its special trading status with hong kong is on the table after secretary of state mike pompeo has declared that hong kong is no longer autonomous from mainland china and that is seen as the next step in that direction the business community in hong kong is very concerned about what this would mean and i spoke to manufacturers who are worried about higher tariffs and hong kong firms that this could mean they'll have less access to more sensitive, advanced u.s. technology and business associations have also said that the overall business climate would suffer they're urging right now that

the u.s. -- they're hoping that the u.s. is going to slow walk its response so far the u.s. state department has criticized china's moves along with canada, australia as well as the uk and my guess, i'm expecting today that the foreign ministry is going to probably say that all of those countries should just butt out of china's internal affairs >> that sounds like that would be the response. in terms of the manufacturers they've spoken to are they domestic and local manufacturers because it does see that there are national champions coming to defend the move and lee qaashing the billionaire who backed beijing. >> there are a lot of chinese manufacturers who i've spoken to, but also china-based manufacturers that are owned by americans or by europeans or by taiwanese. they're all saying similar things, that they are concerned

about the implications because a lot of the goods that are manufactured in china route themselves through hong kong because the tariffs there are so competitive. so that's one person that hong kong as a trading post is going to suffer along with all of these various companies. >> all right >> eunice, thank you eunice yoon in beijing for us. president trump's top economic adviser blasting china for the hong kong crackdown. here's what larry kudlow said earlier today on cnbc. >> we can't let this go unnoticed and they will be held accountable for that if need be. hong kong may now have to be treated the way that china is treated and that has implications for tariffs and that has implications for financial transparency and stock market listings and related matters. i think china has made a huge mistake. >> all right, tim, when you look

at the dominos and what falls based on all of these actions what is the biggest impact in terms of companies and sectors >> again, i think emerging markets, remember, if you own the eem which is the etf that gives the em index it's roughly 43% china between the core chinese names and then some of those that are even listed over here like alibaba, and i think emerging market which is don't need a headwind which have underperformed will struggle here and having said all of that i do think as wooe seen the recovery post-covid-19 and asia, look at taiwan semi and look at alibaba and tencent. those are three great companies that if they're in the portfolio i don't think it's time to throw them to the door i think the resilience we've seen with names that are critical to the global supply chain and without taiwan semi, there are a lot of companies that are in serious trouble. so i think the bigger implications is for markets here and the sell-off late in the day

certainly had a lot to do with the headlines. we've been talking about this for a couple of weeks now, and i think this is exactly what gave us pause in october into the lows on october 3rd and we have to be careful of the market for this for more on the hong kong risk as well as other ones facing the market let's bring in jonathan golub, great to speak with you. >> great to be here. >> we did see the reaction in the market as soon as we heard the president would have a news conference tomorrow we had the s&p 500 turn lower so is this finally a risk that the market is starting to grapple with >> and that's what we were saying a second ago and this is part of a larger china global trade issue. and independent of this we had trade issues with china. when the pandemic came about there's been all kinds of concern about the role that china has played in that, and their transparency and that created further tensions

there was some real concerns about the importance of china to our supply chains which perhaps put u.s. businesses and u.s. economics at risk and all of that was already brewing before this issue and so this is coming at a pure -- in a period of tension between the u.s. and china and the market -- the market wasn't particularly happy about it today, but i think the long-term issue for the markets is will we see a walking back of global trade in a way which would hinder long-term growth and not just in the current, but really to change those relationships. >> so the trade issues, heightened tensions with china to perhaps levels we haven't seen since the beginning of the trade war, jonathan and the lack of clarity on earnings, does it make sense for the markets to be where they are right now >> no. that's the short answer, but

we're trading right now like it's 1999 and everything is just terrific we're trading in at 21, nearly a 21.5 stock market multiple and we put out a report which looks at what the returns are when you start and the future returns next decade if you're starting at a 21 multiple and the picture isn't pretty for stock market returns when you are starting in a p-e. >> what's not pretty >> before dividend, historically the average is about zero and i'm not saying that that's what we're going to get it seems far too ominous and i don't believe that, but it's likely to be something that's much more suppressed >> i think what the fed has done here is they've pulled forward years of returns into the last three months or two months and the result is that they've

basically taken it away from the future results and at some points in time everybody is celebrating this liquidity, but what's liquidity it's borrowed money and at some point we need to pay this back and stock prices are too high. >> jonathan golub, credit suisse pete, you're probably the most bullish on the panel on a relative basis what would you say to sort of count whaer jonathan said because that's pretty depressing is the return of the next decade when the p-e is 21 i find that interesting and i stood on the trading floor in '99 and i totally understand what's really going on and he's incorrect on that and the multiples were absolutely insane and the multiples were closer up into the 40s, mel. so it's a really different time and it was done by obviously all of this money and all of this liquidity was thrown at it

because we all understand what was going on it was the pandemic and everyone was doing everything they could after stopping the market and i don't know that i agree with the notion that it's anything close to 1999 and those were inflated and it was far more inflated than it was right now. we probable are in front of ourselves and it was a rapid recovery and so i think that part is a little bit concerning, but i just don't see the overvalued side of it as much as jonathan was laying out there because when i look at so many different names, you look at the names that are leading the big five and the power five. those names are all really still reasonable in terms of price and then you look at the financials who have made a move of late and until today, a pullback, but those are trading at incredibly low multiples and across the board i can point to so many different areas where i'm not seeing anything in terms of the multiple and if you want me to throw the bull hat in the ring, i will, based on that. >> disney shares not feeling the

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welcome back to "fast money. disney dropping on imperial capital which says the stock has come too far too fast and it was an underperform lowering the price target to 105 a share and trimming it by two bucks it's primarily a valuation call, guy, but for every imperial you have it reiterating its overweight rating. >> j.p. morgan reiterated with $135 price target. so that's what makes markets, as they say >> let me be clear when disney reporteded on the

other side of a sunday, i was convinced that we would trade down to $92 and see what would happen there and that proved to be incorrect and the reopening got people excited, but disney in this environment i think most people would say is not cheap and there clearly is a lot of uncertainty. i think the run-up to the 121 level has been excessive i can definitely see it back down to 105, but it becomes down to a valuation call and what you're comfortable with and as much as i love and you know it, my favorite ride, mr. toad's wild ride and i can't wait to get back on it at some point in the fall, followed quickly by the hall of presidents and i think the stock is rich in this environment for me. >> i think some will be in terms of social distancing the crowds for that particular ride are just off the charts all of the time, dan, as i'm sure you can attest j.p. morgan is pointing out, the plans to reopen disneyland and orlando and the release in mule

an is still on track for july and things are improving for disney does that merit a buy here i think optically they're improving for disney and the parks are operating at 50% capacity you tell me when espn's going to have something other than the last dance on there. disney plus, the man delaurean, and i love disney under $100 and the stock will continue to have trouble at 120 and that was the area it broke out last year after the announcement of disney plus and just the reveal of their plans for it, but yes, it is expensive here and without the clarity of when their businesses and the studios and the parks and the networks and all that stuff will be running at some place over 50% capacity it is expensive at 120 >> coming up, the pot stocks are smoking hot and would you pick

up the stocks. he'll get into the weeds for us next and must make mega money and we'll tell you how much the tesla ceo is locked in fast money is back in two. and tailored recommendations. that's the clarity you get with fidelity wealth management.

>> welcome back to "fast money." tesla ceo elon musk locked in a major payday phil lebeau is here with the details. >> remember when elon musk was awarded this huge insensitive-laden package in 2018 people said this is outrageous, how can he be awarded $55 million, he'll never make it to those benchmarks he's officially made it to the first one. first performance-based payout for elon musk has been approved by the tesla board and that is

worth $768 million on paper. how did he get there pretty simple really, because they had achieved $100 billion market cap for tesla shares for 30 consecutive days and the six-month average and the $100 billion market cap and other benchmarks he had to hit he got 1.6 million tesla shares and options to purchase the shares at $350 a piece and the shares must be held for five years and guys, that is a $768 million payday if you take a look at shares of tesla going all of the way back to march 1, 2018 and that's where shareholders approved the pay package and at the time maybe 100 billion and what's the next benchmark market cap of over $150 billion and for a trailing average of six months and that would have to be at $808 a share. oh, look at where the stock is right now. they would have to average that for the next six months and then for 30 straight days

melissa? >> remember when the board first approved that we thought that that was nuts. >> yeah. >> this is 12 tranches of benchmarks that he has to hit. we've gone through two, basically. >> if he were to hit the 12th one the market cap would be $650 billion for tesla. nobody's expecting that to happen, but that's the 12th and the final benchmark that he would need to hit and there are other parameters in terms of profitability and those are the main ones and the market cap >> phil, thank you >> phil lebeau in chicago for you. >>, and guy adami. you hear about a big payday package and you think -- hi >> hi. was the ceo worth it in this case absolutely >> so sec investigation, funding secured, all that stuff, he's worth it

isn't seem if you recall back in the day there was somebody that worked in the crime world his neck name was john gotti and his nickname was teflon don and i'm not suggesting he has anything nefarious going on nothing seems to stick and to answer your question, anybody but him we'd be having a much different conversation about tesla the stock, like him or don't like him, you have to admit the man is a visionary and the man has done a lot better than 99% of the population that we consider possible >> one story we didn't hit yesterday because of the space x x launch being scrubbed. there might be a demand problem in this pandemic and it's actually seeing the impact of the pandemic on spending habits and tesla's feeling the pain >> well, look, tesla at times has done different things to bring prices down and ultimately the question is what's the

break-even price on the model 3? that's my big issue and not surprising to see them cutting prices they're not the only one out there cutting prices and i won't pile on there, but i think demand is an issue. >> still ahead a big opportunity on retailers and why they'rbeinon ae ttg breakout we'll bring it to you when "fast money" returns i got this mountain bike for only $11. dealdash.com, the fair and honest bidding site. an ipad worth $505, was sold for less than $24; a playstation 4 for

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welcome back to "fast money," shares of lowe's managing to hold in the green despite today's sell-off and in the options market traders are betting ahead for the home improvement stock. mike khouw has the action. hi, mike >> hi, melissa the home improvement space seeing a lot of options activity this week and home depot and lowe's also among those names that we're seeing bullish activity lowe's traded three times as many calls as puts today most of that activity was short dated and speculative bets to the upside and the most active were the weekly 130 calls and we saw over 9,000 of those trading and they're trading just over 15 cents and they're making bullish bets that the rally we saw earlier this week could continue through the end of the day tomorrow and maybe a pop of that >> for more options action tune in tomorrow at 5:3eaer0 stn

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welcome back to "fast money" shares of canopy growth jumping 5% ahead of tomorrow's earnings and investors have been lighting up the cannabis space all surging double digits just this month. it's worth noting many of these names are still well below their poob-week high what's fueling the cannabis craze. we have to ask tim

>> canopy growth has traded 200 day for the first time since january 19th momentum has changed and massive short covering and that's not you're buying it the fundamentals have improved and before that the macros improved so we know legal to essential in the last 18 months and the safe act was at least pushed into the cares 2.2 act for covid-19 and the macro is better the state sales are much better than expected and michigan and illinois and the fundamentals. think of the big american msos that have announced single-state operators truly with 50 million with ebitda margins and gti which came in at 25 million in ebidta and 52% roughly on ebitda margins and we'll do 147 in pro forma and did 147 in pro forma so the point is that profitability while companies around the world are pulling guidance, cannabis companies are very happy to give guidance because some of the bigger

players in the united states are actually profitable and they've shown trends of profitability. so canopy growth has become a much more focused company and they invested in terrasin who ran fresh direct and no consumer and the industry's gotten sophisticated and it's rationalized balance sheet and there's been a lot of pain and it's been a very important time for cannabis and an exciting time. >> let's go around the horn. pete najarian. >> i'm going to go with lowe's i agree with mike khouw. i love that action and i bought out a week further so i've got a little bit of time. >> dan >> yes snap is not in trump's crosshair, but it's in tiktok's crosshairs and i wouldn't be buying this up at 7% move and it has resistance at 18 bucks. >> tim >> alibaba, i don't think is in the u.s.' crosshairs and you're buying weakness in this massive chinese mega-cap name. >> guy adami >> yes, mel. you might notice that milo over

my right shoulder is in your crosshairs, wonderful dog that milo, what also is wonderful and pete would say giddy up to this and pete will say giddy up to this pan-america 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 but to educate and teach call me 1-800-743-cnbc tweet me @jimcramer. over the past ten weeks, more than 14 million americans, according to work force, have filed for unemploynt