point to what his mandate was in that he almost wasn't concerned if the broader market continues to run hot compared to the underlying economy by the way, the nasdaq composite up 0.7%. s&p 500 down off a percent, dow down 1%. that does it for "closing bell". "fast money" starts right now. elon musk has a new rival. we'll dive into tesla's big move to quiet down a startup. plus, a major mall deal goes bust

amazon apple and microsoft with a run clipped midday when the fed chair said he wasn't thinking about thinking about raising rates. does zero forever, what does that mean for this rally at this point? >> well, it means, you know, everybody said it so much splitting the at tom here. we've very much gone the route of japan i think it's absolute madness. i have no idea why he count hld have just said we remain data dependent and that's it. i'll say this, that to me seems to be the same autopilot today statement that he said back in october of 2018 on the other side that he got frikaseed for

i think the fed and central banks globally are the main reason we are seeing this huge chasm between the have and have n nots >> when i heard that, i automatically thought, and maybe this is just my nature, that things must be really bad if he's saying that he's not thinking about thinking about raising rates, that we're that far off from even contemplating that move. >> well, yeah, it was a little mo more downbeat than i thought but the credit markets need to believe the fed is still there,

which i think we all sort of believe that in some ways he's just sort of restating the obvious. i do think it would be too early for him to say we're already thinking about how we can exit down the road. i think it's too early for him to say that. so i'm not as pessimistic as you are. >> tim >> well, at a time when companies are not willing to give forward guidance, the fact that the fed's ready to go out there for almost two years and say we're going to be close to zero or at zero is really hard for me to understand what's notable about some comments made in there through the 128 months of the expansion, they've been unable to get above their 2% inflation target which means the fed has no control over inflation i am concerned about this. as a market participant, though, this is just what we've been fed by the massive spoonful for the

last five years. this is not a w. the markets have given you a v and they've given you a v where i think the sense on volatility we will have these bouts but as long as the fed is in here like this, you get lowered inflation, you get valuations that don't mean much this is the case where you had this move back into these mega cap names, better growth but really growth at a reasonable price at this point over value but this is coming after what had been a vicious three week run for the value stocks if you want to say this is rerotation, that's great but i'm not so sure this is suddenly a massive move we had a massive move. two days of the nasdaq outperforming the s&p by 3.5% is extraordinary but i don't think that has to be the next three days. >> dan >> i think the divergence between the s&p 500 and the n

nasdaq 100 is massive. i can't tell you that it portends some immediate crash in equities or anything like that, but it does tell you people are getting back into defense. microsoft, apple, google, amazon, that is defensive. that's what led us off the bottom in march and was showing great relative strength. the fact that those stocks have broken out the way they did is pretty amazing i'll say this about the fed. jerome powell, that guidance, he's doing what i guess he thinks he needs to do. just so you know, the markets are working just fine, by the way, even the credit markets i'm not certain why the pedal is still on the metal as it relates to larry kudlow thn this afternoon on the exchange, what are they talking about how great the economy was. earnings were down year over year in 2019 the fed started cutting rates

again in the second half of last year to use guy's term, it's kind of madness. we've been talking a lot about the banks. what are they telling you right now. it was a perfect rejection at its 200 day moving average it's down below the breakdown level in march jp morgan that's the one you keep an eye on, also down 8.5% from its highs i'll just say 105 is the level i think the banks, if they fail here, they're telling you something and i don't think it's bullish that microsoft was up nearly 4%, apple up nearly 3% today. you have $6 trillion worth of mega cap tech stocks once again dragging the market around >> whether or not that has a direct impact on their business

itself so here we are with jerome powell saying zero for a very long time. does that make you concerned about this trade >> well, i think there were some other things going on. they were down even before powell started speaking. i think there were some negative comments from wells fargo about their net interest margin. i think that was weighing on the stocks somewhat. i think also they've had an enormous run i don't love a zero interest rate environment we'll see in early july how credit quality is evolving one thing wells fargo said that was bearish about them needing a bigger provision for the second quarter. we'll see how jp morgan in particular, what they're seeing in terms of needing to increase provision. i would be surprised it was a meaningful increase. i think all those things together, a little zero, a big run up and negative comments from wells fargo made for a cocktail for a pretty bad down

day for the banks. >> what do we make of the big cap techs, the ones that are gaining even more that are increasing the chasm between the haves and have nots in the market at this point with what powell said today, does it make that particular rally even stronger in your view >> it seems pretty impervious right now. they've become maybe for good reason similar to the safety trade. that might not make sense but clearly that's what's going on again, i'm going to get atted for this apple, you see the move in apple. apple's at an all-time high. it's a wonderful company but it's clearly not doing it on revenue growth it's doing it on multiple expansion. some of which is justified we've talked about that ad nauseam as well.

it tells me to look somewhere else so as well as that did i look at the iwm today and i see it down more than 2.5% the russell has had a monster move off the march low, i think somewhere around 54% or thereabouts. is today some sort of precursor on the back of these fed comments i don't know you can go back and look at a number of times when whatever fed person has said whatever he or she has said, you have a down day in the market only to be followed up by some huge monster rip the next day and some sort of delayed reaction. >> tim, you looked like you wanted to jump in? >> wei just think there are trae here that still could be interesting. a day like today seems extraordinary, but so were the three weeks before this. the iwm is not as bad as it

appeared you have to understand that banks who were really beaten after they gave their q-1 numbers and put in reserve numbers that were certainly very concerning for people, they were strong reserve numbers as in they were being very conservative you know, we've slowly started to unwind this karen has said this, i have said this there have been very many times in the last month and a half to two months where there was either something was not right, the market was not right or the banks were not right and i think largely it was that the banks were not right the banks were still being treated like there was credit issues that i'm not say rg ning not out there. these moves have been violent on both sides but i don't think the move today suddenly means everything we were talking about for two weeks before this is not happening. the value stocks were beaten up.

i think there's still some room for them to run. there's no question that mega cap tech have been defensive for the last four years. any time you get this kind of a move these are extraordinary moves. the markets had an extraordinary run and i actually think if anything, the trends that are probably newer ones here is that the dollar stays weak, that resources continue to rally, that foreign stocks continue to rally. these are things that i think investors have to pay attention to look at the chinese internet stocks they continue to roar at a time when there's been a lot of geo politics >> this is something we've been talking about for a while. that is the rise of the retail investor i want you guys to take a look at this chart that we came across when the line is falling it mean that is the most popular stocks have been outperforming some hedge fund top picks

the big decline started back in the fall it's only accelerated in the past two weeks hertz declared bankruptcbankrupy i bring this up once again because we are witnessing a market that seems to go up and up and up. fed chair jerome powell says rates will remain near zero for a very long time this seems like a recipe for potential disaster should there be a pullback. we are going to see many investors out there burn suddenly it's easy to make money when the markets are going higher. >> yeah. everybody looks like a genius in a bull market. i'm 56 years old so i've been doing it for a while i'm wrong a lot, i'm wrong all the time the market is extraordinarily humbling, but a lot of these people that have, in my opinion

only, that have gone from sports gambling to market speculation have never really seen the markets go down, so they're emboldened by their success. i hope they don't confuse that with really understanding what's going on, because quite frankly after 30 years, i didn't understand what's going on it's a dangerous recipe. i do think it can only end badly for those folks. i hope they don't sort of look at us again quizzically because're just trying because we're just trying to help. a little bit of knowledge is a dangerous thing. just pushing buttons and watching things go magically higher doesn't work add infin m infinitum. >> if people are not content enough to invest in apple and they have to go into a hertz or a top ships or a stock under a

buck, karen? >> it's insanity i mean, i think guy is right this is sort of the new gambling that maybe when sports open up we'll see if these names trade less i think some of these investors feel like, all right, if it starts to go down, i'll sell it wouldn't be the least bit surprising to have a stock gap down where you don't have a chance to sell you know, they don't know what to do. it's clear a lot of these investors have no idea what they're investing in could hertz triple absolutely it could. anything could happen. could it do down by 60% absolutely i would say that is by far the more likely outcome for all of these kinds of names it's insanity. >> i think our new favorite game on this show is now if the markets were a song. i tweeted this out yesterday i got so many responses and great responses.

thanks out there for sending them in. take the money and run, crazy train, bubbles, if i had a million dollars, the gambler the list goes on and on. dan, obviously this market is a little bit different -- i'm distracted by the cat in your background in that the people playing in it are going after very different sorts of things. >> you know what i'll just answer a question. i don't know what the question is, but you know here's the thing. i think what's really important is that we're clearly in a stock market mania i know there's a lot of really smart people out there who know a lot more than me about economics and such who say it has nothing to do with the fed really what the fed is doing is they want people to go out the risk curve and they want to put

capital to work. what has it done it's really created a scenario where risk is going up so it's driving people in. whether it's bankrupt companies whose stocks should be going to zero because the equity won't be worth anything or it's just piling into apple. i think there's been an interesting debate between what the big money is doing, why they don't want to be in apple or google but they're willing to be speculative on things that have no earnings. what's clear about a day like today is that the big money is going back into the thing that has big boats. if interest rates are going to be zero forever, that means these companies that have tons of cash can buy back their stock, continue to invest in their companies and do whatever it is that they need so you have that on one side i'm not particularly worried about the other manias i've been in this business for 25 years i've seen manias blow up

some people will become wealthy and others will have to sell their homes. there are risks to this market offensive zo there's tons of risk when the music stops there's a lot of investors who don't have a lot of knowledge who are going to be very sorely hurt i'm sorry we can't encourage all your fun on lockdown this is a hard game. it's been our profession for a very long time i look a little pained by this whole thing. take it easy, people coming up, tesla's rally charging higher but another electric automaker trying to pass on the left

welcome back to "fast money. shares of tesla surging past the $1,000 mark for the first time you've got a news alert for us on delta. >> i do. let's take a look at shares of delta because the company dropped an 8 k this afternoon with the pricing terms for a new debt offering. they're looking to raise $1.25 billion through a six-year note. the yield 7.3% this is going to be open for the next couple of days. this is not a surprise we have seen a number of airlines say we've raised a lot since march, we're going to be raising more in the second half of this year until they feel like they're out of the woods again.

let's shift gears and talk about tesla and the memo that elon musk sent out makes it clear as people may be talking about nick la, tesla is not going to si idly by and not build electric semis. musk wroets te it's time to go t all and bring the tesla semi into limited production back in november of 2017, elon musk stole the show in terms of when people were saying what's he going to unveil and it got a lot of attention the prototypes have been driving around in california for the past year and a half or so the selling point, lower than a diesel engine semi the battery production for this

as well as the power train, it will happen in nevada at the factory there outside of reno. that is what's interesting about this, the fact that they are now committing to building the taes tesla semi meanwhile nick la's stock has exploded they say they will be building the electric semis from nick la in germany.

>> i'm waiting for the two ceos to go at each other. the ceo of nikola tweeted today our fuel cell for the truck is going to be about 10,000 pounds lighter than theirs. there's little jabs but not an all-out response these are two guy who is los whe twitter. >> with elon musk you can look at that prototype. with nikola people are saying let us get a chance to look at this up close so we can do a comparison right now you have the plans announced by nikola versus the tesla semi that has been announced and shown by elon musk and tesla. >> we have a technical take on

tesla. he writes tesla just now moving above its february 4th spike in fail high of 968.99 a textbook breakout by all accounts i would think tesla is headed to the 1150 level say long, be long. here's tesla's rise through a prior high so dan, is there still more room to the upside here >> carter has actually charted this thing fantastically on numerous occasions all the way back to below $200 about a year ago. stick with carter's call if you took that chart and took away the name, i'd tell you that's the most beautiful breakout i've ever seen in my life it's to the penny. i said this the other day. this stock trades like they're

about to buy spacex. spacex was valued a year ago at $36 billion. this company has $190 million market cap could they make a bid for this thing? they already bought his solar city or whatever then you get 100% of elon musk's focus on technologies that are truly innovative maybe that's what's going on because it just can't be on the $26 billion they're supposed to squeak out a tiny profit on in sales this year in my opinion. >> this stock lives at the magical intersection of big cap tech and frothy sort of speculative growth guy i like d if you took away the name of th stock on the chart and looked at the chart itself, what do you see? >> it's funny. when dan was watching me do the

show in the 1970s when he was in grade school, he saw me saying that and figured he'd rip me off now in 2020. carter's been spot on. you know who else? brian kelly put the tesla in the desk drawer and said to forget about it he's been spot on. what i have said is all you need to know about tesla, in my opinion, is on may 2nd or thereabouts when the stock was around $700, elon musk said the stock was too high or too something and now 43% later in a month and a half here we are it's wonderful and they're clearly people that understand it and are doing very well with it if it's worked for you, there's nothing that seemingly is going to stop this meteoric rise. >> you won't want to miss our interview with the chairman of

nikola trevor milton he will join us on monday. coming up, madness in the mall space as a major deal collapses. later lululemon stretching higher ahead of earnings incomparable design makes it beautiful. state of the art technology makes it brilliant. the lexus nx experience the crossover in its most visionary form. experience amazing at your lexus dealer.

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talk to your financial professional or consultant it's only human to find inspiration in nature. and also find answers. our search to transform... ...farm waste into renewable natural gas led chevron to partner with california bioenergy. working to provide an alternative source of power... ...for a cleaner way forward. a major mall deal appears as if it might be off simon property group terminating its $3.6 billion agreement to acquire taubman centers. the reason, fallout from the coronavirus pandemic taubman saying simon is

obligated to move forward. karen, your reaction was to buy one of these stocks. why? >> yes to buy taubman i mean simon can't quit the deal you can't just quit taubman, not with that merger agreement this suit they filed is flimsy at best. taubman will come back swinging. they have by far, not even remotely close, the better argument it's not even a fair fight this morning to me this presented the best risk reward that we've had in months we've always known simon wanted out as soon as covid became an absolute disaster for the malls. they wanted out. just because they want out doesn't mean they can get out. when it opened down sharply this morning and i got it nowhere near the bottom. it actually traded in the mid 70s which is a great price that risk reward is the most compelling the overwhelming likelihood is a

deal closes. maybe we have a negotiated deal for a less price but it would certainly be higher than here. so i'm long. >> what if the other outlier scenario is the deal gets broken up would you be stuck with that stock? >> you're stuck. there's not a chance they would sell themselves at a price this deal is tremendous for them i think the stock could go half. i think this merger agreement is airtight they have by far the better argument this is the risk in risk arbitra arbitrage. >> let's get more insight into the failed merger and the virus's impact on the space. dan hurwitz joins us

great to speak to you. what is your sense on this deal and how tight this agreement is? i mean, to try and get out because of a material adverse event or because of a disproportionate impact from the virus on taubman, those things seem to be hard to define at least in court. >> well, i think we have to keep in mind these are two very sophisticated parties and this was an agreement that was negotiated at a very different time i think both of them have an obligation to exercise their bargained for rights as they see fit and what's in the best interest of their shareholders simon took the first shot this morning and taubman has responded. having not seen the agreement myself, but been involved in many similar agreements, i think it's a difficult argument to make while at the same time you really don't know what's going to happen to the industry, you

really don't know what has happened behind the scenes during the period of time when that agreement was executed and where we are today i think the discovery will tell us where this is going to fall. >> from your perspective, how uncertain are things for the operators of malls right now i mean some malls are starting to reopen. others are still shut because they are in more densely populated metropolitan areas certainly the consumer might not fully be back. are you glad you're not heading up retail right now? >> yeah. things are enormously uncertain in the mall business today, more so than people think, candidly we have noi declining, foot traffic declining, sales declining. if sales decline, rent declines. it's a very difficult scenario right now some centers have reopened, sales are okay, they're pretty good. it's a little early to tell

because you can always buy sales by taking markdowns. as retailers try to get rid of their stale merchandise they're taking markdowns you can buy sales with markdowns but that doesn't mean anyone is making money at the end of the day the mall business is understood enormous pressure while you do hear some good news about consumer sentiment, i think a lot of that is bought consumer sentiment not genuine >> recently brookfield said they would invest $5 billion in retailers. is that just to shore up struggling ones who aren't paying their rent to brookfield, or are there really good things for them to buy? >> i think there's interesting things for them to buy i think there are retailers out there that have having a hard time raising capital because of

the business they're in. and i think there are retailers out there that are good merchants that have a good strategy and good e-commerce and brick and mortar strategies and need capital brookfield has an enormous port fo folio in the united states i would be surprised if anyone invested in retailers and allows them to go to a competitor if you can make your center special or different, it's worth consideration. >> dan, great to get your insights. >> my pleasure >> tim seymour, very candid comments, hurting more than we all know or think. >> well, yeah. i thought dan's comments, also he pointed out tenants who can pay and are not paying are

tactically taking some chances here it just seems like the pressure is all on the commercial landlord at this point and that the tenant does have a lot of room to run. i think the silver lining is there's a number of apparel retailers and specialty retailers that don't need those stores so i don't see how this leverage comes back to the commercial landlord any time soon someone like tanger may be in a slightly different place but i think for some companies like l brands reducing that store count even for macy's is ultimately the good news here. we have breaking news from amazon >> amazon in a blog post says it is implementing a one-year moratorium on police use of recognition. that is its facial recognition technology of course this comes just a few days after ibm said it would stop selling its facial recognition products over human rights concerns. now, that put pressure on

microsoft and amazon, two of the biggest players in this space which have also faced scrutiny for their contracts with police enforcement agencies, saying quote we hope this moratorium might give congress time to implement the appropriate rules and we stand ready to help if requested. this is a big move like i said, amazon and microsoft are two of the biggest players in this space. >> you've also got some news on grub hub busy day for you. >> it is it's all coming out right now. that deal now official grub hub and just eat take-away which is a european food delivery company, they are going to merge in a press release just eat take-away says it's creating a leading global online food delivery player, saying this is the world's largest one outside of china measured by gross merchandise volume this is an interesting move because of course we thought that a deal might occur between grub hub and uber which would

mean major consolidation in the u.s. food delivery market which is hugely unprofitable that would have combined the number two and number three players. now with a european acquirer, it looks like that competition is set to potentially intensify even further so on one hand this is not good news for uber that wants to be a big player in this space, but it is good news potentially for restaurants and consumers that could see more competitive commission rates and more discounts on the consumer side >> dan nathan, that means competition is going to be very fierce in this space here in the u.s. >> yeah. you know, investors like this deal i'm surprised they like this deal but i think less competition means lower losses hopefully and greater market share. this company is expected to do $12 billion in sales this year and lose about 6 billion on a gap basis. anything that reduces that loss makes a lot of sense

i think lyft will come back. i think they should be a part of a big company like google for instance that has a strong investment in autonomous and wrap those things together for the data in the meantime to me, i much prefer lyft than uber. >> i agree dan's in my head tonight it's scary i don't know what to do to get him out. i think lyft is the play i think it's going to put pressure on uber going back to amazon real quick, i'm not really certain what this is all about but i wonder if the administration in some way is going to come down on amazon for this it's going to be interesting to see if there's any blowback. coming up, a new financial friendship between big tech and wall street. details ahead. plus are travel fears easing new data may point to a rebound.

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goldman sachs is teaming up with amazon to issue new credit lines to small business vendors on the site. the partnership which has reportedly been in the works for two years is part of amazon's plan to extend its small business lending platform as the coronavirus pandemic has weighed heavily on the space this is interesting because this is goldman's second tie-up with a major tech company, of course the first one being the credit card offering with apple this goes deeper into this notion of banking as a service, providing this banking module to a large company like an amazon or like an apple

>> goldman sachs has clearly done a 180 from their business model. maybe that's a good thing. we're going to find out soon enough i wonder out loud, you think about their partnership with apple, now amazon. it gives us tremendous access to huge amounts of data you wonder what that means i still think goldman sachs is goldman sachs in name only now i don't think they deserve a premium multiple and they're not getting it, but it's an interesting foray into another avenue that historically they've been reticent to get into. i guess good for them. >> karen, what do you make of this tie-up? >> i think it's part of the strategy at goldman that they've laid out, which is try to become more bank-like to guy's point about their business model changes dramatically they're very, very far behind the consumer relationships that a bank of america has or a jp

morgan has i get why they want to do it they want to have a more -- an earnings multiple that's not so lumpy and have an income stream that is also not umpy. i understand why they want to do it i don't know how much it changes for me the goldman sachs story right now. i'd rather be in a jp morgan or bank of america. coming up lululemon shares stretching to all-time highs ahead of earnings. plus, after a weeklong rally sent airlines stocks soaring, turbulence could be ahead.

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check out shares of lululemon stretching higher. despite the recent strength, options traders aren't feeling very zen >> so lululemon right now is implying a move of about 7.5% after they report earnings after the close tomorrow that's slightly less than the average move we've seen over the past eight quarters. as you were pointing out we did see puts outtrading calls today. the ones that expire this week presumably those are options traders were targeting the earnings that are coming out this week as well. they were paying about $3.75 for those puts that would break even at about that 7.5% move to the downside lulu has been on an incredible tear it's long been on my known holy

index because my wife has shopped there quite a lot. maybe people are just trying to book some of the gains they've seen so far. >> karen, you own this one are you concerned about where it is right now >> yes i do, but this has never happened before. i actually was a buyer of those puts today i did the 300s because i want to know exactly what my downside is i'm long i'm long stock i think their revenues are going to be beat by a lot on revenues. i don't know if that's fully priced into the stock at this point. so i want to be certain what my downside is but i am absolutely delta long. >> mike, thanks for the action we'll see you friday that's when the full show of "options action" airs. coming up, airline stocks faltering today after a big

downgrade. more trouble in the skies. at the top of the hour, the ceos of marriott vacations and cerus will be on "mad money. it's a thirteen-hour flight, that's not a weekend trip. fifteen minutes until we board. oh yeah, we gotta take off. you downloaded the td ameritrade mobile app so you can quickly check the markets? yeah, actually i'm taking one last look at my dashboard before we board. excellent. and you have thinkorswim mobile- -so i can finish analyzing the risk on this position. you two are all set. have a great flight. thanks. we'll see ya. ah, they're getting so smart. choose the app that fits your investing style. ♪ hey! lily from at&t here. i'm back and while most stores are open, i'm working from home and here to help. here's a tip: get half-off the amazing iphone 11 on at&t, america's fastest network for iphones. second tip: you can put googly eyes on your stuff to keep yourself company.

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we've got a fast track for you where we take a look at that data that may tell the true story of where we are heading. consumers fear of flying seems to be easing according to this chart of tsa traffic if you follow the trend line, you might see a recovery to pre-covid levels by august guy, glass half full here, that's for sure. >> yeah. listen, i get it you know, everybody's been cooped up for a while. they want the get out and move again, i am not certain that the consumer will come back in a robust way that the market seems to indicate they will. i just don't see it happening. i think the pent-up demand that the administration talks about may be there i just don't see it. in my opinion, a lot of these

stocks have priced in so much good news and for the life of me i just don't see where it's coming with that in mind, i've always said i am the what can go wrong will go wrong, half empty person, that's the prism that i look at things that's the way i believe things are going moving forward. >> tindustry experts may be too negative jp morgan today downgrading a couple of the airlines jetblue and united, sending those stocks and others lower after what had been a promising rally. this goes to show you how people differ in the way they see the data >> he does quantitative work it's not qualitative like what we're trying to do here. i give them a lot of credit. they've done great work on the

covid situation. if i look at zoom with a $61 billion market cap, i say to myself, oh, who are they taking market share not just from google of what are, from the airlines people may want to travel again. but until business travelers come back and start moving around internationally, these airlines are going to be operating very unprofitably. i haven't read the downgrade note but i sense that has something to do with it right here i just don't see it coming back any time in the second half of the year to pre-covid levels. >> tim >> business demand is definitely that which makes airlines profitable so the question really is after we get through the summer jp morgan is talking about excitement jimmy baker is one of the best talking about the excitement of airlines adding capacity for the customer wait until we get to the fall where we see the business demand inadequacy i believe is his term

is not going to give them what they need. having said that, that is by delta at the start of the show, i think that's a catalyst for airlines, those that can raise money without fear of dilutive equity that's very good news for someone like delta who can raise liquidity while on a relative basis to the market and rates, 7.5 sounds high. if you believe liquidity trends will return in a couple years, delta will be fine with this number and they're not going to have to issue dilutive equity. i don't think airlines are any different today than they were yesterday which means they have challenged business models but the market recognizes that the trends are getting better faster. >> delta is raising money at the same time as reducing the amount of cash they're burning per day. right now it's down to 40 million from 50 million because of a slightly better schedule. if airlines are able to sort of

manage through this, maybe they get through the worst to sort of like a bridge to the fall or the winter >> right one of the things it points out in the piece is where some of the debt is trading for these airlines and the debt is trading not consistent with the run that the stocks have had. i know they pulled out a lot in the last two days. to me, i can't be long the airlines i do think they will come back i don't know what happens if it ends up being shower than we think right now. something? because when you want to create an entirely new feeling, the difference between excellence and mastery is all the difference in the world. the lexus es. a product of mastery. experience amazing at your lexus dealer.

it is full-titime for the fl trade. karen? >> yes so tomorrow night as we talked about lululemon reports. i am long call spreads i'm doing the extended prayer move i'm ong. i'm doing extended prayer for good earnings tomorrow >> tim >> markets complaining about the valuation overall. but in banks that's not an issue. again, i think if you like banks two days ago, citibank is certainly the valuation and i think the dynamics to the yield curve are such this is not the reason why you're guying citibank get long. >> dan >> yeah. u.s. treasury has been very volatile over the last week and a half or so the tlt had a big dip but it's back i think above 160 i'm playing for the next rate move to be lower from here. >> guy

>> so it zips by, doesn't it >> zip, zip, zip >> lyft on the back of this grubhub news back to you. >> all right thank you all for watching we'll see you back here tomorrow at 5:00 for more "fast my mission is simple, to make you money i'm here to level the playing field for all investors. i promise to help you find the bull market somewhere. mad money starts now welcome to cram-merica you want to know what is driving this