tv Fast Money CNBC August 20, 2020 5:00pm-6:00pm EDT
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ask him is about a federal mask mandate. we'll save that for another day. >> ed must have also heard the german shepherds as well throughout the interview i agree. it was a shame that got cut off. it was an enjoyable interview, great show "fast money" starts now. i'm brian in for melissa lee once again this is "fast money. welcome. guy adami, tim seymour, karen finerman and steve grasso. tonight, a big bet on the little guys small cap. one top strategist tells us where he is finding opportunity as stocks hit all-time highs mall madness, the one chart that could tell the real story about the health of retail it will surprise you later on, we are serving up your call of the day with a side of fries. we're sinking our teeth into a
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big buy call on a burger joint you know there it is. it's yours mystery chart we start with a developing story on uber and lyft both stocks shooting higher after a big court win in california deirdre bosa has more. >> reporter: until just a few hours ago it looked as those california riders and drivers would wake up tomorrow to a ride sharing blackout the court blinked, granting youtuber and ly e er uber and ln extension to continue to operate with drivers as independent contractors despite new regulation it is a win for uber and lyft in the short-term it suggests that their threats to shut down service in california over the last week worked just hours before the extension, lyft told its drivers and riders it would be suspending services at midnight because the change would necessitate an overhaul of their entire business model and
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wasn't a switch they could flip overnight. in reality the writing has been on the wall for years. uber and lyft used a tactic they've used in other markets to avoid new legislation. it came at a time when california is facing enormous pressures, wildfires, power outages and a recession. the court decided now wasn't a good time to limit transportation options the ride sharing companies also had less to lose by shutting down with bookings already under pressure amid the pandemic the fight, though, is far from over to get the extension, uber and lyft's ceos must submit sworn testimony that they will comply with the law and make drivers employees if they lose the appeal and the november ballot issue. that brings the decision right to voters. if that happens and they are forced to comply with 85, they may have lost the war, so to speak. this latest win will not matter.
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>> okay. a lot of questions here, deirdre. uber says and lyft says, we can't exist with that model as employees. the cost structure just doesn't work a lot of the public online says it's cruel and unusual you want to use these guys for their cars and discard them. what do the drivers think? has anybody asked them >> reporter: that's a very good question, but there's no easy answer to that a lot of drivers will tell you that they don't want to become employees because they use the income as secondary income they have other jobs there is a large group of drivers that says that, but when you consider the group of drivers that do do this full-time, they work their evenings and weekends, they take risks amid the pandemic, those are the ones that really uber and lyft have built their platforms on the back of and they do not enjoy any of the benefits like protections and
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unemployment insurance and all of those things that other employees do get this is a very, very tricky issue, brian the drivers will get a chance to vote on this in number, the drivers along with the riders. we'll see what happens far from certain >> i've seen a lot of drivers, they go back and forth between the two, lyft or uber depending on what's more busy. i guess if you're an employee, you're not going to be able to do that. guy adami, you and i and most of us are old enough to remember the old town car system in new york city. you call and schedule an alpine or carmel or whatever it is and the guy comes up and you get in your car if these are employees, without this model uber basically becomes a taxi or a town car company. is that an investable concept? >> probably not. they would say exactly that as well i think you asked the right
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question, what do the drivers think? if forced to do this, both uber and lyft have to hire 50,000 employees each to sort of fall under the guidelines which is probably the existential troix t risk to the company. they played a high stakes game of chicken that right now they're winning. but this could flip in their face in november that said, it seems to me given the question you asked, maybe there's some hybrid model that can work where you don't have to hire everybody maybe just hire the people that want to be full-time employees in this case, i would rather lyft i think it trades back to the 39 level we saw in early june if you look at a lot of the analysts, price targets range anywhere from 31 to 49 i think the stock with a little bit of a tailwind now can get back to those levels
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>> you know, karen, i guess for many of our audience that doesn't live in new york or around new york, they maybe don't understand the town car model. yeah, there's taxis but a lot of us sort of shuttle around if you don't have a car with these town cars, used to be the lincoln continental. that model was tough, price competition, the drivers with 14-15 hour days, really difficult model to make money in that model seems like it wouldn't justify a stock or a stock price where both uber or lyft are right now, or is that just crazy >> no. i agree with you plus, uber has been very price competitive versus say taxis in new york city. if this were to pass in new york, if this were to become an issue everywhere, how much more expensive would those rides get and would that have a
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diminishing affect on demand i agree with you this is a very big deal, obviously. to me, it makes them both somewhat uninvestable. i can't really gauge what the court would do and i i don't know if that matters necessarily. just a few weeks later whatever the state chooses to vote on it, that outcome will be the semipermanent outcome. i don't know how to gauge that and to have it out there that there's going to be potentially a material change to their business model and they're not cheap to begin with makes me afraid you can say you can diversify. they have uber eats, but i don't know if that will face the same issues that the transportation part faces i own neither of them right now. i feel bad for the drivers, the ones who want to be not employees. i don't know how you do the h h
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hybr hybrid does the same man or woman who is an employee charge the same price for a drive that an independent contractor does? i don't know how it would work. >> it's not one size fits all for the state labor laws in california it's probably the most onerous employer state to do business. this is the ultimate battleground i don't think a target necessarily on uber and lyft this is about bringing the gig economy understate l state labo. it's a big deal for a lot of people if you look at how both of these companies have traded over the last three months with an expectation of this battleground, i think this is largely where these stocks have to go from here. i thought uber had found some base around 33 i said that a week ago the stock was down 18% in ten days after those earnings.
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i think with the acquisition of postmates, i think uber eats is a big part of their business at this point they are close to dominating that business what do you do with the stocks you don't have to do anything. i will say you make the most money when things seem the darkest. the fact they were going to flick the light switch off, i don't think the 6 or 7% rally in today's market from 1:00 p.m. is what you're playing for. i think you're playing for a lot more i don't think you have to chase these stocks today >> i don't really make that analogy to the alpine model. you have a bunch of technology you have a lot more of the app involved than we did back then when i first started on wall street almost 30 years ago it's a lot different i think they're investable into the vote i take the other side of it.
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in the would you rather, i go uber versus lyft are they investable? yes. into that vote i think you have a large headway or horizon into that vote where both of these names are buyable. and i don't think california cascades through the rest of the country. >> maybe you're making a good bull case, which is if that law sticks, steve grasso, maybe they have to double or triple the rates but that enables them to pay health insurance for their drivers. the business shrinks but they actually make money. let's not forget uber has lost $15 billion in the last two years, bigger than the market cap of many companies. h gene, we remind our viewers that uber's original name was ultra taxi
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is that a business worth $55 billion? >> no. both of these companies are in a tight spot yes, there was a reprieve today. this topic is not over obviously with this vote coming november 3rd. california can have influence on other states if you put all this together and think about if these changes to employees across the country caught a 15% increase, which is effectively their profit margins, i do want to caution the voters of california and also some of the lawmakers i do not want to politicize any of this, but one aspect, what would the drivers want most of these drivers use both apps, both lyft and uber if they are employees, they will be most likely restricted from jumping from app to app. that would cut down on what they would be paid on an hourly basis perhaps. i don't think the right path here is as clear for the drivers
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as simply to become an employee. >> to karen's point, she talked about a hybrid model the team are smart people. they have a lot of technology. to steve's point, is there some kind of model that maybe we or the market has not thought of yet based on what they have that even if the california law stuck, which is one-eighth of the american economy, there's some idea of the business that we have not thought of yet which they could prosper off of. >> there is. it's called autonomy that could create some forced adoption if this model doesn't work, you're going to see these companies push even harder into autonomous systems, simply eliminating the drivers.
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the next few years there are going to be ups and downs related to the regulation. we know where this is going. ultimately lyft and uber's business over the next decade are going to be fully self-driving and this topic is going to be largely irrelevant. >> gene, we played a little would you rather before. i hate to do a type thhypothetit assuming the vote goes the way of uber and lyft, they're very different companies now for a lot of different reasons under that scenario, who stands to benefit more, uber or lyft. >> i'm in the lyft camp in part because actually i like their focus on the u.s., i like their focus on the ride sharing.
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i appreciate you putting that caveat assuming they get through this current intersection they're navigating ultimately i think if i had my choice, i would put my money on lyft i think it's more investor friendly culture and i think that influences my view. >> so you talk about the potential for ultimately not even needing my driv ining any . does that make you bullish on the model for when that period comes, because that's a huge part of their cost >> so this has nuances to it one of the sides of the marketplace is under some pressure now, the driver side. if we eliminate the drivers'
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side, we have the marketplace trying to get consumers to ride. that opens up new competitors. there's about six of them trying to get there i think the option is a better option than what they currently have with humans driving ultimately it will attract other competition. i think google and tesla are going to vector into the ride hailing market >> gene, always a pleasure to get your take there. a lot of questions around these companies. they did rally today, though gene, thank you very much. let's turn back to the broader market stocks ending higher across the board. the nasdaq 100 adding another 1.4% to its coffers today. if you think the big names may be getting big time played out, this one is for you, because your next guest is still finding
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big opportunity in smaller caps. chris harvey of wells fargo securities good to have you back on earlier this summer, you called for a 10% rise in the overall market it happened. a lot of people thought you were nuts it worked out for you and your clients. congratulations on that. are you shifting that call from the broader markets to the smaller names? >> that's right. >> our price target is $33 we're sitting right on top of that now it's about rotation. we're looking for areas where we can grasp sicyclicality. the last thing we want, easy comps in the first half of next year you can find all of that in small caps we're starting to rotate the portfolio away from the last
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year, two years. it's a walk not run situation but we want to rotate, we want to get more cyclicality in the portfolio. ultimately we think at least in 12 months we're going to be in a much better place with regard to the economy. >> i was going to say this is a pure economic call, is it not. the large cap stocks have a fed aspect to it we get it. smaller cap stocks largely rely entirely on the american economy. the american economy goes in the tank again, i would imagine you've got to revisit this call. >> if the u.s. economy goes in the tank again, i think we have to revisit almost everything it's not as if growth is going to outperform in that environment. everything is going to get beaten up. we think we have a handle on covid. can it get worse absolutely but every day we get one day closer to a vaccination. we want to go to places where
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numbers were slashed at the beginning of this year and you don't need much of an economic improvement to see upward revision that's across your small caps, your cyclicals >> so i have a question for you. i think you're spot on because i agree with you so unfortunately i am biassed to this how much of this do you think the rotation has been put off when you look at the apple split and the tesla split? it seems like everyone is rushing back into growth again and it put off that value rotation and it truly is a walk, not a run. >> right steve, i think you're right. we've both been around for a while where we've seen these more excessive tops where what's working continues to work. but that's not a good value.
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again, if we're looking ahead 6-12 months we want to go where the market is going to go. the market eventually is going to start rotating to price up names that have really easy comps in the first half of next year for the meantime we're seeing the uber caps work today that's great but if you look at small caps in the second half of this year, they're more or less trading in line with the s&p 500 and that's a positive sign. >> chris harvey, wells fargo securities congrats on being right on the big macro call at the beginning of the summer. welcome you back on any time thank you very much, buddy tim, the small caps ended down today but they're up 16% over the last 90 days and outperforming the s&p 500. do you agree with or like
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chris's call >> chris's call, he used the term covid beta. when i've been covid beta, i think ultimately the momentum and the move in stocks that goes along with an economy that is struggling under the weight of covid, i think if anything we have had this reopening craze, we have seen some industrials have a pretty good run i actually believe in part of the materials and resources trades we talk about housing all the time big cap tech to me is still going to outperform if we have covid beta we've had these rotations in the market for the last two months the triple qs has outperformed the s&p by 3.5% in the last 20 days i think you have to be careful to say it's time to rotate out of tech, because right now it will continue to be defensive.
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these companies that we complain are the earnings of the s&p are most of the earnings of the s&p. why would you run away >> if the current pace continued, the nasdaq 100 would end 2020 up 50%. coming up, tesla part of that story on a tear today the stock went past another major milestone. plus, maybe take your tesla to the drive-through or a $5 milk shake one top wall street analyst making a big bet on the shack.
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welcome back to "fast money. tesla is topping the tape today to the tune of 7% gains. and it busted out about $2,000 a share for the first time ever. get this, certainly random but hopefully interesting, tesla is now bigger than walmart on a market cap basis walmart, by the way, a company whose sales are 2,000 times larger than tesla. now, karen, i know it's just a stat, market cap i get it but man, what a move by tesla. what do you make of it >> walmart makes money and has for a long time. what makes tesla, i guess, more exciting is that it's exciting to know whether they'll make a
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lot of cash flow or not. i don't know this is crazy on the split it's happening i guess next week obviously the split is not a creation of real value, but if enough people perceive that it is, then okay, great, it is. i mean, it's in the stratosphere i can't. i can't possibly touch this one here >> can't touch it here guy adami? >> listen, i'm not going to pretend i've been some raging bull i've said for a while that i don't necessarily understand it. but i will tell you back in may at the time the stock was trading $700 and elon musk tweeted the stock was too expensive, that lasted a day and now we're three times higher that tells you all you need to know i'm not pretending that i understand it but i do see what's going on. >> i've got another stat for you
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here tesla's market cap is now bigger than vw, bmw, ford, volvo, rang rover and others combined. wow. now to ye olde call of the day. that's shake shack steve grasso, you're long hack you love their food. your take on the call? >> i think it's good they have been forced to invest in digital from domino's experience with the app and digital, all of the quick serve restaurants should have been way ahead of this. i think corona, i akrgree the
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environment has made them focus on where the growth areas will be but this is a name that was only thought to thrive in city centers. now you have them adding drive-throughs and shack tracks and the ability for them to thrive outside city areas. so in theory, you should be able to grow faster than the pace that they once were growing at brian, remember, everyone threw this stock out and the whole group out so they overestimated what the downside was going to be >> the call is simply based on average monthly volume that growth is what they are expecting and also the digital enhancements in a post covid world, that's why you want to buy shack. >> there you go. buy shack. they like the call. coming up, a slew of retail bankruptcies has grabbed headlines over the last several months we are going to bring you one
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chart that shows maybe, maybe things are not as bad in retail as some may think. later on, the ceo of a biotech stock that has captured the interest of new bees this year some see a grilled cheese sandwich and ask, "why?" i see a new kitchen with a grill and ask, "why not?" i really need to start adding "less to cart" and "more to savings." sitting on this couch so long made me want to make some changes...starting with this couch. yeah, i need a house with a different view. and this is the bank that will help you do it all. because at u.s. bank, our people are dedicated to turning your new inspiration
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what might this say about the health of retail and the american consumer? karen, what do you think interesting chart. >> yeah, it is sort of surprising, actually i don't know if some of that foot traffic is just sort of people have been holed out and now they're free to go out so it's an extra bump, not just this is the new normal the american consumer sort of will never let you down. they'll always spend i do think what's happened has clarified what's happening already, which is you have to own a brand. whether it's deckers with uggs or nike or lululemon, you have to own a brand and not be the wholesale mailman, the macy's or the kohl's i think for those department store concepts, i think that evolution is going to continue you have to be where the brands are. >> guy, history is littered with the remains of traders who have bet against the american
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consumer we had a similar chart like that on world wide exchange a couple of weeks ago most of it is outlets. should you look at a name like a tanger outlets or some of the mall properties that are focused on being outside and dipping into the store >> stands to reason that they would outperform i think you're onto something there. to your earlier point about betting against the u.s. consumer, i say it all the time, it's foolish to bet against the u.s. consumer but don't confuse the health of the u.s. consumer with their want to spend it's amazing on a day where these jobless claim numbers, the market goes up on good numbers, the market goes up on bad numbers. at a certain point i think we're going to realize maybe we have a structural problem job-wise and maybe although the consumer is going to want to spend, maybe the health of the consumer isn't what we think. stay with winners like
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restoration hardware, dollar general. i think they will continue to work. >> these are beaten up names i heard josh say he's buying simon property group because it is so beaten up. you have a take on some of these retailers? >> i think people are just getting out of the house and they want to go anywhere you have to stay away from the macy's of the world, the department stores, the kohl's stores stick with the names like walmart, costco, target. those are the names that should, in theory, continue to perform it's just exacerbated this environment. who was weak before will be weak after and might not survive. so stick with somebody who has a good digital platform. we all know who those players are. they're sucking the air out of the room and the conversation.
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>> great chart coming up, what the ceo of wynn resorts is doing to make sure its most valuable employees do not throw in the towel and try another job. later on, could beaten up under armour be about to pop could be a big bullish bet our retirement plan with voya gives us confidence... ...we can spend a bit now, knowing we're prepared for the future. surprise! we renovated the guest room, so you can live with us. i'm good at my condo. well planned, well invested, well protected. voya. be confident to and through retirement.
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back from covid lockdowns and raising new red flags on growing tensions with china. contessa brewer has more >> reporter: they're also raising a red flag here about the potential to lose valuable employees. one resort today announced it will give $14 million worth of stock at today's share prices back to 240 executives these are key employees who created and managed first of its kind coronavirus policy at the company. that stock grant was supposed to go to ceo matt maddox. but sources tell me at his request it's being redistributed. wynn resorts is really guarding the exits here it's a retention award, payable a year from now. wynn is worried not so much about competition, luring top talent from across the strip they're really worried about other industries luring these professionals away with more certainty, more optimism in
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terms of its outlook than casinos are facing right now at the end of today's filing wynn mentioned setting some goals for 2020 including market share in macau. the u.s. government recently announced a ban of the messaging app wechat, which is widely used by many of our customers and we're unable to ascertain the scope of the ban at this point. there is no assurance that the ban will not adversely affect our ability to communicate with certain of our customers wynn macau warns that its business and prospects could be harmed by the fact that it's majority owned by a u.s. company. its concession is up for renewal
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in 2022. it certainly would be a tough negotiating environment for wynn macau. >> we always put wynn and las vegas sands sort of in competition. they are the one name that we think about, maybe melco resorts based in hong kong, could they be the ultimate beneficiary of this >> reporter: melco just reported earnings today we've seen something similar in terms of loss of revenue on the earnings call the ceo and chairman lawrence ho was asked if melco stands to benefit if wynn and others can't use wechat, they said we use chinese devices. the coo said if you're not using
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wechat you're not communicating with your customers. all of our communication happens on wechat. if you see the way they're positioning themselves, it calls into question whether the american guys, whether he becomes somewhat of a target in any kind of retaliation when concessions come due. >> internal intrigue in the gaming business. contessa brewer, great story, thank you very much. guy, i'm told a couple of weeks ago you guys created something called the wynn-dicator. i see what you did there how does this story play into all of that? >> i didn't do it. it was our crack staff back in inglewood cliffs they're the whole engine good for them. contessa an hour ago was eating
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popcorn. wynn when they released the news that macau travel restrictions were easing, the stock went from 70 to 90 in four trading days. now it's back at 80. this stock has given you ample opportunity to trade and i think it's giving you one again. this move down to 80 is obviously a 50% retracement of that move. i totally get that headwinds have not diminished but this has been a wonderful trading stock and i think it's going to continue to be that in the months to come. >> this story could be a show in and of itself. when you think about the u.s./china trade dynamics, the wechat and tencent story, the whole dynamic of where online gaming and gambling has become prominent. they've been major winners at the expense of the casinos
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what they told you today is they are extending out the timeline for normalization of their business they are trying to retain key staff. they are pushing out stock options that won't vest for a year, a year plus. they had a huge debt raise out of wynn macau. it tells you they don't see a real lifting wynn is not a have there's no question that hospitality and gambling trends are not moving in their favor. >> everybody on this program, we're going to write a new show about a sharp-edged hedge fund manager going after casinos. we're going to call it stizillis or trillions joe pesci will have to have a
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role in it >> jack dorsey gave about $200 million of his own twitter stock to his employees it's incredibly generous, but it's also great business i think the employees really appreciate it. i think it's a really smart thing to do. coming up, your eyes are not deceiving you, this stock up more than 120% year to date. and the ceo under the radar booming biotech play will join us with more and what has been fuelling that epic rally shares of under armour getting sacked will there be more losses ahead for the name especially if we don't have football in the fall on a pro level - at u.s. money reserve. we've helped hundreds of thousands choose the best precious medal for their retirement portfolios. and many are in profit positions today because of those choices. so, don't wait until the next crisis. get started secure your financial future today.
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welcome back to "fast money. check out shares of this under the radar biotech mover called cytokinetics the company awaits results of a phase three trial of its heart treatment. joining us now to talk more about his company is sigh toec c cytokinetics ceo robert british columbia blum. how big is the addressable market and how are you leveraging amgen's massive commercial infrastructure to grow that potential business >> good afternoon. so the market is large heart failure represents about 6 million growing on that patients
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in the united states about half of them have heart failure and reduced systolic dysfunction or low cardiac contractility. it's the number one reason people in the united states over the age of 65 are hospitalized we've been in this partnership with amgen since 2006. together we've invested many hundreds of millions of dollars. we've conducted over 20 clinical trials we're looking now at results later this year for what we hope will be the pivotal clinical trial that may support registration and marketing authorization for this new medicine in heart failure. >> if this is approved, you're going to be basically the second drug to market in that market. is there anything you can do in the phase three trials that might create a differentiation when it comes to the product label? separate your drug from the
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other. >> certainly we've been at this for a long time nobody is ever going to accuse us of being an overnight success. we have already identified in this potential medicine a new mechanism and we've been expl t exploiting that biology for over 20 years we have conducted these clinical trials one after the other in a very deliberate, methodical, comprehensive way. we've differentiated this new mechanism in the following way current drugs that treat this deadly disease address one side of the equation for heart failure, typically addressing some of the clinical consequences but the fundamental problem in heart failure is impaired cardiac muscle function, impaired cardiac biomechanics. our medicine was designed and engineered to bind to the machinery in cardiac muscle to augment its performance to
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restore its function back towards normal and in that way there really isn't another medicine we believe that addresses that side of the equation it's been studied in every clinical trial up to now as an overlay to standard of care. if this trial later this year demonstrates positive results, it will be above and beyond the standard of care and hopefully will become foundational to new treatment. >> it's karen. thanks for being on our show just reading the notes, i sa you had to temporarily pause the phase three trial. i wonder how difficult is it in this age of covid, why is it so difficult and how long do you think that will be an obstacle for you to overcome or any biotech? >> meteoric is a second phase three study we're conducting galactic is the study we'll read out later this year.
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we like to think of it as rounding out third base heading to home for what we think could be a game changer therapy for the treatment of heart failure galactic is the key pivotal outcome study measuring the potential of this medicine to reduce death and hospital readmissions in patients with heart failure. your question about meteoric is a second trial we did pause enrollment for a few months in that trial that trial is due to read out next year. it would extend the therapeutic hypothesis beyond galactic to potentially demonstrate the potential for this medicine to extend time to exercise fatigue or extend endurance or capacity to physical activity and help span in these patients that's a second study. >> thank you very much for coming on. we appreciate your time.
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good luck in the trial steve grasso, stock's been hot clearly investors after hours liked what mr. blum had to say the stock is up 9 or 10% right now just on what he said in that interview. what do you make of the action overall inside of kinetics >> i think it's great action but it's so binary good news, the stock rips higher flash of bad news the stock plummets for the average investor i've always advocated buying the biotech etf which i think is up about 13 or 14% year to date and you get your amgen, your gilead, all the big players with deep pockets much safer way, much more muted way to play. you limit your upside, but you certainly limit your downside as well coming up, under armour looking like an underdog but options traders are betting
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one big name kind of sitting out this week's retail/consumer rally is under armour, stock down 2% today and 10% in the past week. under armour, though, could be a major casualty as more colleges cancel fall sports however, a few traders in the options market are throwing a hail mary on the stock mike khouw >> a hail mary, that might be the best way to describe it. we saw more than four times the average daily call volume today. the open interest in calls has more than doubled since april expiration where we saw most of the activity today was in the january 2021 strike call the one that saw the most opening activity was that 12.5 strike call. i think this is a way for traders to essentially make risk managed bets to the upside because the options market is
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expecting a very bumpy ride. more than a 30% move is implied by january expiration about five months from now. >> wow 30%. that is not small. mike khouw, thank you very much. for more of mike and the rest of the gang, tune into the full show friday, tomorrow, 5:30 p.m. eastern time. up next, your final trade. i have an idea for a trade. oh yeah, you going to place it? not until i'm sure. why don't you call td ameritrade for a strategy gut check? what's that? you run it by an expert, you talk about the risk and potential profit and loss. could've used that before i hired my interior decorator. voila! maybe a couple throw pillows would help. get a strategy gut check from our trade desk. ♪
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>> the growth is there, the move into this quarter's results is part of the pullback in the stock. i think the key here is profitability. this is one of the big four in the u.s. where profitability has been the story of the last few quarters >> krceo on tomorrow. karen, kick off our final trade, please >> i'm long kodak puts the stock still up 300% from before the loan thing happened kodak put. >> grasso? >> bac buy. >> tim >> xrt has outperformed the s&p by 22% over the year stay in that trade
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>> mr. adami >> i think lyft will get some tailwind november is a long time away >> there you go. thanks for watching "fast money. "mad" with jim starts right now. take care. 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, put it in context call me 1-800-743-cnbc or tweet me @jimcramer from far away, this market looks like a beautiful patch of grass. but when you get closer,
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