climbing and reaching record highs. the question is, has the thesis really changed it will be interesting to hear what they say on the call after what has been a tremendous first half. >> you know what would drive the stock on the call, if they announced the new season of "the tiger queen with carol baskin. we're out of time. "fast money" starts now. "fast money" starts right now. i'm melissa lee with guy adami, tim seymour, karen finerman and steve grasso a new wrench in the trade relationship between the u.s. and china. later, the high profile attack on twitter now the subject of a probe. plus dr. fauci sitting down with a live interview with mark zuckerberg as we speak we'll bring you headlines from the event as we have them. and a fast pitch from karen. why she says this stock has a couple of lottery tickets that

just might pay off big time. we start with an earnings load on netflix, moving sharply lower in the after-hours session down by more than 10%. >> netflix plummeting after it reported a miss on the bottom line in fact, its biggest earnings miss in 16 years netflix also giving far lower than expected guidance for the third quarter subscriber editions, forecasting the edition of 2.5 million new subscribers in the third quarter, less than half the number analysts anticipated. as expected, growth is slowing as consumers get through the initial shock of covid and social restrictions. now the chief content officer has been appointed co-ceo and is joining netflix's board of directors, saying in terms of the day to day running of

netflix, i do not expect much to change our key executive leadership groups are unchanged think of ted's well deserved promotion formalizing how we already run the business today when the call starts in an hour, we'll be listening for more on the impact of competition, name checking tick-tock and mentioning the launches of peacock and hbo max and netflix's potential ability to raise prices in the u.s. and other more developed markets and also expand its lower cost options in emerging markets. >> it is this key notion of pulling forward demand that is really getting to netflix in the after hours session. that had been the concern of a lot of the netflix bears out there. >> yeah. they get rewarded for it today obviously. i will remain bullish on netflix. i understand why if you're bearish, it absolutely gives you

ammunition we've seen similar before in terms of stock performance the miss was concerning that in terms of the aggregate, netflix has basically done in a half a year what it did in the entirety of last year for a myriad of different reasons. you've got to find a level to buy it back. this is where we were trading at the first of this month. we've seen these levels clearly before i think the 440 level makes sense for a number of different reasons. steve would probably agree to a seven point. that's the 50% retracement of that march low which is spot on the screws of 300 and the recent high of 575. so for a lot of reasons, i think, again, you're looking for reasons to buy netflix on this selloff rather than be empowered by it if you're playing it from the short side. >> steve grasso, down 30 bucks from here, is that a point to get in as guy said >> i'll go with the 50-day moving average or thereabouts.

let's call it 450. i think sarah nailed it. it's about value versus growth if this is any indication of how we're going to pay up for growth in this environment where there's not earnings, then you have to take a back pedal. maybe it's time to reverse or rotate into some value value has only outperformed probably 17 days from may to june other than that, this has been a growth ball game i expect that the last couple of days, i should say the first couple days of this week where you saw that rotation probably is not going to be that long-lived guy's point to buy this on a dip, i think you could make a case to say 440 as guy said, 450 as i said or maybe even 430 if you're aggressive. >> what's the big deal about pulling forward subscribers?

what's the difference between signing up subscribers now versus next quarter? isn't it the same argument one can make with apple iphone demand when it's pulled forward? overall in the span of two quarters, if you're still getting the same number effectively, does it make a difference >> well, it makes a difference if, in fact, netflix was highly resilient through the early part of the crisis. amazon and walmart were a handful of stocks that were a place for capital and a place to be defensive and seen in the first few days in being the haves in the covid world of haves and have nots. this stock has been on a tear. even on the pullback here, the stock did roughly 35% in nine trading sessions going into this number this is easily a rest and something that was well-deserved.

the subs for q-3 this is a terrible number. this is a very competitive environment. when i look at disney plus and how quickly they built those subs over 50 million and you look at saturation in the united states and netflix has to be an international story. internationally they just got done, all the numbers that hit the tape talked about the different reasons and some of the complications in the current environment. international is not going to be growing as fast as possible. for a company that burns cash and i'm often pointing that out, they lost a billion and a half last year, they're not making money on a free cash flow basis. they'll be cash flow neutral in 2020 is that because expenses have come down because production is well down? probably it's not even a gralass half ful on a bad number.

i'm not going to say i told you so today as much as i believe in the value rotation we have seen over the last four days, liquidity is going into mega cap tech stocks. i said last week when this stock was moving over 500, i don't want to be in the way of something like netflix in that environment. i don't think that environment has changed >> it does seem at least in the after hours essential this is a netflix specific issue it's not pulling down the other mega cap tech stocks except for maybe amazon but that also falls into this growth at any price sort of category of stock that has risen with the facebooks and googles of the world. >> right i think of it as different than the other fangs, sort of its own unique business, its own unique earnings in that there really aren't very much of any. but it's really an outstanding company. to me, it comes down to

valuation. tim talked about cash flow he was right about why the cash flow is where it is right now. i think they could actually get to after production starts they do tend to guide conservatively maybe i don't know if people are going to take down their numbers a lot on this or not one thing i actually found very interesting just from a corporate citizen is that they are going to, people who haven't used their subscription for two years, they're going to turn it off and not bill them. last quarter they said they'd notify them. now they're going to turn it off so those people don't pay, which is a very nice corporate citizen thing to do. not that it will move the needle at all that's sort of interesting to me >> yeah. >> comes down to valuation 200 points ago i couldn't get on board, so i can't now. >> let's get more on netflix's

quarter and bring in gene mon munster. what was the big headline for you? >> i think this concept of a great company but not necessarily a great stock. it's a ton of value netflix is creating for users we looked at the cost per hour of using netflix, 37 cents compared to cable tv at $1.20 compared to reading a book at $7.11. you wonder why people don't read books. the key take-away here is it's a fantastic company. i also have been cautious on this even with the pullback, $70 billion in market cap this year. i've been long on this i do believe we are crossing over a point with this guidance that the big take-away is essentially we need to fast forward and think about 2021 growth as you said earlier, melissa, they've been pulling forward

subs they've effectively cross what had the original street estimate was for net sub adds for 2020. investors are largely not going to be as concerns if subs are down 50% in the september quarter, might be down 20% again in december. but really start to focus on what is the net sub adds once we've anniversaried all this our belief, when you step back is the distinction between a great company, which netflix is and i don't believe they'll be a great stock over the next year i think when you step pack abacd think about that growth in the next year and put it up against other companies delivering a lot of value per hour, apple and amazon with their streaming services, tick-tock, peacock, all of this, i think it's going to be difficult for netflix to be raising prices. i could be wrong but if they are unable to raise prices, i look to the multiple to compress. >> isn't there a benefit to

netflix achieving greater scale sooner doesn't greater scale mean more market share, meaning putting more pressure on competitors >> the flywheel in the case of netflix has been financed through debt they now have about 16 billion in debt, a detail that is often overlooked they have about 7 billion in cash this is a unique large tech company that is net cash negative i think about that flywheel ultimately i believe it's about great content. great content in the context of the consumer i don't necessarily put tick-tock content in the order of content, but nonetheless it grabs people's attention this flywheel we talk about, i think in the case of netflix it is funded through debt and separately i think that consumers' appetite is fleeting when it comes to content again, i think netflix is going

to be around a long time, but i don't think those type of businesses should garner 100 x multiplied come back and think about a name i still feel is greatly underappreciated which is apple trading in the low 20s multiple with netflix at 100. >> you said 37 cents an hour for a netflix user for entertainment versus like $7 plus for a book >> correct. >> wow that's a huge differential gene, always enlightening. gene munster guy, i think people don't read books because they're lazier these days in general. that's my own opinion. >> i love reading. are you kidding me i'm a book guy for sure. >> i can imagine. >> but i'm 73 years old. >> the argument also is as people stay at home and binge

more they've gone through a lot of content i know tim's watched "tiger king" eight times in a row he's now looking for more content. they will have to spend more to replenish that content for all of those demanding viewers >> yeah. no question. listen, i understand, i totally get the bear case without question but i think you would acknowledge the same arguments we're making now in terms of spending more, we could have made those arguments a few years ago and obviously a lot lower in terms of the stock price to gene's point, at a certain point it's going to catch up with them, i guess i don't think we're there yet. i'm going to do a self-would you rather i said netflix and i'll say it again. i don't know where disney is in the after hours but my sense is it's probably lower which i think speaks volumes i think disney might go lower on

this netflix move lower. i think netflix is the beta play. >> disney is down .08% also a downgrade predicting the park revenue won't return to pre-covid levels until 2025, which is quite some time again tim, i don't know if you want to participate in the self-would you rather shenanigans. >> yeah. >> go ahead. >> we've established that i follow the rules on the show and i'm not initiating self-would you rathers like steve and guy, but i'm really happy to have these guys try to pull disney and doisney plus into a netflix valuation. disney shareholders love that. you can't tell me disney is going to suffer on the downside when it hasn't really participated on the upside if it does, i'd much rather have a blended multiple that gives me one-half of the netflix multiple for that portion of my business

disney plus into 2023 and back into it value. you' you're still getting benefits. disney is the pace of the recovery of our country in terms of covid-19, and i don't think parks and consumer experiences are going to be normalized in the next 12 months how can they be? that's the flywheel for disney is ultimately their studio, their theme parks and consumer products are all meshed into the same fly wheel and without one of them they suffer. >> if you had a question of the ceo on the pre-taped video that will drop on youtube at 6:00 p.m. if you had the opportunity to ask questions, what would that be >> i think it would be what's the saturation point for viewers and what they're willing to pay in monthly subscriptions not just for netflix but for all the

streaming competitors? where do they just get tapped out and they can't pay anymore >> good question there netflix shares down by 10% right now. u.s. attorney general william barr adding fuel to the china trade war fire today with comments about the country's quote, unquote, predatory trade practices. that could have some big consequences for american tech companies. >> reporter: with china at the forefront of the election, the trump administration has gone full court press in recent days, legislative actions, policy considerations and public comments from high-ranking cabinet officials. just today it was attorney general william barr making a speech in grand rapids where he took direct aim at beijing, the rise of its authoritarian regime notefulably he said american teh companies were complicit in that listen >> corporations such as google, microsoft and apple have shown

themselves all too willing to collaborate with the ccp >> reporter: he suggested these companies have bent to the will of the chinese communist party to do lucrative business there he suggested that apple did so when it agreed to store icloud data on chinese servers. he criticized social networks for only recently complying with government requests for user data and even said disney is sacrificing critical intellectual property. >> like other american companies, disney may eventually learn the hard way the cost of compromising its principles. soon after disney opened its park in shanghai, a chinese theme park popped up a couple hundred miles away featuring characters that look ed suspiciously like disney trademarks >> reporter: perhaps general

barr is looking for more corporate soldiers to help fight what he is calling in that speech economic blitzkrieg given what some of these companies have responded behind the scenes to these comments, this full-throated condemnation might not be the best way to solidify that. >> kayla, thank you. as we all know, china is critically important to some of the u.s.'s biggest companies you all remember all of these pictures we've seen them before u.s. ceos shaking the hands of highly placed chinese communist officials. this is tim cook with president xi jinping in 2015 china accounting for $43 billion of apple's revenue last year or 16%. elon musk met with china's premier last year. tesla got $3 billion in revenue from china, about 12%. they also have the only fully-owned u.s. factory in china. how significant are barr's latest comments, tim >> well, you know, a common

enemy is a very important political tactical approach. that is absolutely what this administration is doing with china. it's a playbook we've seen followed in other parents of ts world. you know who those countries are. i love the pushback on china my political view on it is a very popular political view and i'm very much on board with a lot of it, but to be clear our form of democracy here is not the form of democracy followed around the world maybe china doesn't even have a democracy. but the point is american companies are not going to find american democracy in every other country around the world either i think tim cook's done a pretty good job of preserving apple's integrity and keeping the core values and staying attached to the culture of protection of rights and all of the things i think apple as a culture has maintained the fact that it's one of its

biggest markets and he has to navigate carefully around there, that's what every ceo will do. i think the doj and this administration have big mega cap tech in their sites to be part of a political campaign. >> even before u.s. tech companies have been doing this, i mean, there's of course the example of general motors, how they got into china, they signed jvs with local chinese companies. this has been going on for decades, steve grasso. this is the price of doing business you know what, american shareholders have benefitted from this. >> right this is the cost of doing business [ indiscernible >> i think we're having a

problem, steve, with your audio. we'll try and reestablish that connection guy, i'm not sure what the administration can do specifically to u.s. companies doing business there this sort of goes into the overarching theme of ratcheting tensions higher with a very important partner, china >> yeah. obviously i mean, think about it, it's been going on now for the better part of two years again, i'll say it, i think the rhetoric is going to continue to get, to your words, ratcheted up i'm shocked that the market doesn't take it more seriously than it does it's astonishing to me that in the wake of this the market just keeps grinding higher. i'm sort of on tim's side. i am on tim's side in this you know, somebody needed to address this situation with the chinese without question so this is not a political statement, but it has ramifications in terms of what it could potentially mean for the market and i don't think the market is at all pricing those ramifications in. >> steve's back.

you were saying, steve >> so this is the cost of doing business apple and google and these large cap tech companies don't have the loyalty of being a u.s. company first. they have the loyalty of their shareholders, their first priority and having a business strategy if you want to operate globally, this is the way you have to conduct yourself in china. but i think this gives the ability, to what guy just said, this gives the ability to have another reason why you want to sell growth and buy value. i'm interested to see if it's really a long-lasting event and if it could last longer than 17 days. come up, more bad news for the beaten-down airline sector we'll bring you the details and what is sending stocks lower. plus, twitter still feeling the pain from the high profile attack just how did this happen cyber security experts will join us and break it down. later, looking to rack up

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melissa, there's no one big headline, but what we're hearing from everybody, everybody says the same thing we're just not seeing the summer demand that the airlines were expecting, nor are we seeing the demand they were counting on a couple of other pieces of news, one of them are reports that the airline industry's trade group has said we'd love

to have more government aid but we don't want new restrictions or conditions. keep in mind that a number of airlines are still considering whether to tap complimentary treasury loans for several billion dollars. they have until the end of september to do that american and jetblue have announced they're going to be forming a codeshare agreement. they'll share passengers essentially. american can book a passenger on a jetblue flight, jetblue can vice versa do it with a passenger on an meamerican flig. it gives jetblue greater access in the new york city airports, la guardia as well as newark new york is what this is all about. both american and jetblue trailed delta and united when it comes to the share of the new york metropolitan market we're talking about all three amp am airports there delta and united lead the way. then you see american and

jetblue. keep in mind that all of the airlines are working on their employee exit packages right now. for the most part they have put out what the early retirement offers are, whether or not there is some chance of taking voluntary leaves of absence. they're trying to avoid mass furloughs as much as possible. but make no mistake, we will see smaller airlines come october 1st. >> the entire travel sector got hit. the cruise lines plunged today as the cdc bans cruises until september. that's longer than what we expected with all the provisions on the airlines, we can't just rip the bandaid off and know what the pain is. >> no, we can't. we have no idea. i guess a vaccine would be a complete game-changer if we got

that in the very short-term. i'm very concerned about the airlines they were down a little today. when i look at delta air lines and think about the business traveler, how long that's going to take to come back and what scale the business will be at even if they do come back. you know, then i always look to the debt because the debt markets are much smarter some of their papers trading, you know, well discount ed that makes me very concerned i know it's been a great proxy for where we are in the coronavirus curve. but the valuations don't take into account how much debt there is. >> it's interesting, this notion that a vaccine will flip the switch of demand for one thing, we don't know how many people will be willing to have that vaccine. secondly, we don't know the

economic toll it has on the flying public in terms of unemployment, reduced salaries and also on companies who might pull back on travel even when it's okay to travel. there are so many other ancillary effects. but when you see vaccine news, this group springs higher. >> i agree with that, butting the market is a forward-looking price mechanism. if you see a vaccine or hint of it, everything will rally. there's certain things that are going to rally first obviously domestic airlines are going to do better than the international, simply because you can't fly international anymore. who knows when that restriction is going to be lifted. you have to go with the best balance sheets going into this, delta and southwest. southwest is a domestic airline. delta has about 50%

international. i would say with luv but look for those international airlines and the cruise lines to pop aggressively on a vaccine. >> tim >> i just don't think we're in this environment forever i think we're in this environment for 3-6 months possibly in terms of the worst of the unknown delta gave you numbers a couple days ago they lost $4 billion the expectations for year over year revenues are going to be down 75% next year and expenses are going to be down 50% you have a case, i think we're all outlining that business travel is critical and it's a question thof when that will coe back i agree the vaccine is not the answer to getting people back in airports, but time is. for airlines it's all about shortening that timeline i think 3-6 months will be critical i'm not saying you have to own the airlines today, but airlines have historically been great trading stocks and also great

longer term investments on rerating until you get clarity on the balance sheet, you don't have to own airlines here, but i think you could be an owner of delta air lines longer term, who at least at the current tra jekts trajectory is not taking government money. >> it's about getting that cash burned down. delta ceo said by tend of the year he hopes to get it to zero which is a vast improvement from the 40-50 billion just kapel mont mon a couple months ago. it's all about having enough money to get to the other side. >> by the way, i heard from adele's people yesterday. >> what did she say? >> i eviscerated her and her talents but they asked if she could come on the show at some point. i said we can't speak for the entire "fast money," but we'd love to have her we're waiting to book adele. >> all right adele, come on

you've got a burning trading question, we'll answer it. >> of course we will few people had notes out yesterday on delta goldman sachs was one of them. they said delta has about 19 or so months to work under at current cash flow levels if you look at the price targets it ranges from $33-45. in terms of trading the stock, a common theme is you go back to the lows which was 17.5 in delta when they announced they were cutting pilots in half it spiked up to 37 this 27 level is as good a level as you're going to find to trade this stock on the long side. although i am not optimistic at all in terms of the future for these airlines, i think for a trade delta sets up really well. coming up, biden, bezos, gates and musk, some of the heavy hitters affected by that twitter hack yesterday how did this happen and is it just the beginning later, should you ring the

bell on dell options traders are seeing a major rally ahead.

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welcome back to "fast money. twitter trading hoer today as the company deals from the fallout of the hack of several high profile accounts. if fbi n the fbi now investigating lawmakers from both sides of the aisle are calling for more information. you said that basically the hackers got their hands on the crown jewels of twitter, meaning the administrative access. shouldn't there be more security surrounding the person and the people who have this administrator access privilege

>> well, twitter doesn eter doe great security team. hindsight is always 20/20. there are things that could have been done to secure that type of account. we have to keep in mind we love talking about technology and security, but the attackers attack people. so in this case, it's a little bit harder to actually be able to stop the attack. >> is this a bigger problem for twitter than say an attack on the individual accounts? >> oh yeah we have seen an attack like this on individual accounts but now they have access to all the accounts you can run a coordinated attack like the one we have seen now and gain access to very high profile accounts. >> i spoke to you last in doing research and the interview for the bitcoin documentary. we talked a bit about the dark web. you know this seedy corner of the internet quite well. what's your take on what the hacker could have gotten and

what it could be worth on the dark web >> so the attacker in this case got access to a lot of different accounts, right? so the fact that he made off with $120,000, i'd consider that pretty lucky in the sense of it ended with that. we have to keep in mind it's not just the money loss that went to the bitcoin accounts if the attacker really wanted, he could sell this to another player who could do a lot of other things with it in addition, think about it, if they would have taken this to a political figure and tweeted something out, they could cause diplomatic issues as well. >> what's your sense as to whether or not we've seen the full fallout of this hack attack i mean, these hackers could have had access for a very long time, sort of trolling or harvesting data and direct messages et cetera for purposes of maybe blackmail later down the line. it seems to me that maybe we

don't know what the full impact of this is. >> i know twitter is still investigating this, but judging by the actions the attacking took, it seems like they were actually under some time constraints. they did try to sell access to some of these accounts on an external underground forum and later pretty quickly moved onto actually sending out this bitcoin scam so i think they were actually under some time and some pressure otherwise, i would expect them to hang around a little bit, plan and coordinate this attack. keep in mind when you have access to something as important as an admin panel, you know that at some point somebody will put the brakes on that i think they had to engage pretty fast. >> you think it's a one-off? >> for this specific case, yes will the attacker stop looking for these? no way that's what they're looking for. >> thanks for your time. great to get your take on this

yesterday, it was interesting. we saw this stock fall as low as 4% in the after hours session. here we are down by 1% even on a day when technology underperformed the broader markets. are you surprised at this reaction >> a little bit. but i think to your point, it could have been so much worse and i think there's somewhat of a relief in terms of the twitter shares i think twitter trades the february high of 39. these cyber security stocks are absolutely the play. fireeye to me is the most interesting one out of the bunch. pao palo alto networks had a huge run. that concerns me but fireeye has been doing something that appears to me this little self-rally tells me has more room on the upside. that's how i would look at this situation on cyber security names. tweet us send us your burning trading questions. we'll answer them live

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welcome back to "fast money. time for a fast pitch. karen finerman stepping up to the plate with a retail name take it away >> so my fast pitch is walmart this is not your father's walmart. this is a very different story now than it used to be so one of the things i really like about it is it's about defense and offense. we know the defense part during covid, they were in a sweet spot they were unlike restaurants or airlines

they were able to make money this allowed them to pivot to offense. so i think they're going to continue to take share from other retailers and now they're going to build on it with walmart plus we see that launch this month. getting into that subscription model, taking amazon prime head on, i think it is offense for them i was skeptical years ago when they started their online push, and they've really done an extraordinary job. it's not expensive relative to the market it doesn't get a giant covid premium for sure it does trade at a premium to other retailers. it should. it deserves to be. it's enormous. their sales are far superior to amazon the last thing i like about it you get a couple of lottery tickets. one of them is flipkart.

they are the majority owner. at the moment it's not going to be moving the needle for them but there's enormous growth. and another lottery ticket is what if they start to get some multiple that approached maybe a quarter of an amazon multiple, anything remotely close to that? still, their retail business trades at a far greater one than walmart. put it together, all those reasons, i like walmart right here >> i think tim has a question for you, karen >> you're pitching a really strong game here i'm in favor of this pick. i'm curious how you break down the multiple we talk about this blended multiple all the time. amazon you could make an argument is just a retailer in reverse. the e-commerce story gets more credit than it deserves.

how much of an e-commerce multiple can you blend into walmart's traditional multiple with their e-commerce growing three times over the last three years? it's a massive growth engine. >> i don't know an exact answer. i try to look at some of the parts of amazon and pull out they had a 30 multiple, which is very high. they had something in the 20s for the rest of amazon, the retail walmart is 13-ish. that's a ton of room, 100%. it are you buying or sellin karen's pitch on walmart steve grasso >> i'm going to say buy, but i'm going to give you a huge caveat with this. it is weighing on the fact that value continues to outperform. so for the last week we've seen walmart move higher and we've

seen amazon move aggressively lower because growth has been sold, value has been bought. i do think this will unwind if that trade unwinds as well as karen said before, awf is what amazon has. that's why it gets that expanded multiple walmart will never get that multiple that amazon has. >> she's just saying the multiple, the retail side of the business even taking out awf i get your drift, you're a buy tim? >> no caveats here that's the sign of a baseball bat hitting the ball out of the park i'm a buyer. i think walmart which was defensive and pulled forward with a lot of sales has changed multiple on the stock. >> guy, what do you say? >> as usual i'm a student and left my homework at home i don't have a glossy white piece of paper. >> what? can you mime it? >> i can try

>> just speak it we don't have that much time. >> listen, i'm skeptical without question, but you know what, you look at what amazon's done over the last couple days since this announcement and look what walmart has done the stock is speaking for itself 134.$134.50 was the high back in april. >> vote now in our pol poll @cnbcfastmoney. tweet us your burning stock questions. we'll answer them. or"ft ne sait trgh ahead.

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welcome back to another edition of total request "fast

money" where we answer all your burning questions. here's one on a wireless giant that's been stuck in a bit of a range. >> is verizon actually masquerading as a bomb or are we going to price appreciation and sort of channel 53 to 57 thanks >> classy in california. tim, what do you say to classy is that like an anchorman reference, stay classy san diego cuomo i don't know. >> self-appointed classy is not something i'm sure you can get away with. i think verizon stands on its own merit, both in the near term and the longer term. on the near term, it's very clear, it is defensive, it is a dividend story payout ratios in the mid 50s are

extraordinary for a company that i think in the current low rate environment the debt story is better in fact, it leads partially even to the long-term buy story for me, which is that between 5g and their ability to grow into 60-plus markets in kind of the early stage of rolling out in 5g, i think verizon is right there. but i also think if you look at their free cash flow generation and ult maimately what they cano in terms of buybacks, i think the earnings basis of the stock will go higher and you will break out of this range. to be clear, i like it. >> quick words of advice for classy, guy? >> i think classy should sell its verizon shares and buy t-mobile t-mobile has had a huge run to the upside i don't think it's over. don't read everything in the

teleprompter, mel. >> i try not to. tweet us @cnbcfast, money. coming up, a look at what options traders think about a potential spinoff at dell and the massive spike in shares today. at the top of the hour, the execs of domino's, barrick and acorn at 7:00 p.m. eastern time. cnbc is hosting a virtual live town hall special. the most respected financial experts in the industry will answer questions cah tigtcusonht right here on cnbc

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welcome back to "fast money. check out shares of dell soaring double digits today after an upgrade to overweight at morgan stanley. options traders are big fans too. they're betting the stocks break out. mike khouw has the action. >> it was a big day for options in dell today. it traded over nine times the daily options volume a lot of that was short dated call trading, not surprisingly

given the big move we saw today. but we did see only longer dated activity as well a lot of activity in the august 60 and the october 60 calls. these were trading just under $6 there are those anticipating moves of at least another 10% between now and october expiration >> mike, thanks. mike khouw with the action up next, results of karen's fast pitch poll and the final trade. turn on my tv and boom, it's got all my favorite shows right there. i wish my trading platform worked like that. well have you tried thinkorswim? this is totally customizable, so you focus only on what you want. okay, it's got screeners and watchlists. and you can even see how your predictions might affect the value of the stocks you're interested in. now this is what i'm talking about. yeah, it'll free up more time for your... uh, true crime shows? british baking competitions. hm. didn't peg you for a crumpet guy.

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welcome back to "fast money. trying to find out if you're buying karen's fast pitch on walmart. they are buying your pitch it was 63% to 37%. it was a landslide >> brilliant. >> it hasn't happened in a long time, karen. you should feel good it is time for the final trade tim? >> great job, karen. stay classy. so this whole verizon trade, i say that i go long i think the cash flow generation and buybacks in long term are reason to own verizon. >> steve grasso? >> 13 galactic a headline today, new ceo. it's a disney veteran, got the stock up double digits today, up 83% year to date watch this i think it's going to be up another 80%. >> chairwoman? >> yes well, if i had a handful of good ideas a year, that's great

my one idea today is the only idea i had so that's walmart, which i really like. >> guy >> i love how happy you are when karen wins it's the same happiness you feel when i lose. fireeye i think istremendous i think it's going to test the 13.5 level. >> "mad money" starts right now. >> 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 you friends, i want to make you money. my job is to educate and teach you. call me or tweet me. okay we needed a breather market can't go up