tailwinds. mall retail, not so great. housing by far the strongest thrust in the economy right now in terms of the real economy all that stuff confirmed the question is exactly how far has the market already come in pricing a lot of that stuff in there's inertia and momentum to keep pushing it higher at what point do we have one of those moments to say i guess we got there. we'll have to see. >> that does it for us right now on "closing bell." "fast money" begins right now. i'm melissa lee and this is "fast money. guy adami, tim seymour, pete najarian and brian kelly we'll bring you all the big headlines. plus, facebook goes shopping we'll tell you about the social media giant's push into

e-commerce the big baba breakout. we start off with the end of an era. exxonmobil getting booted from the dow after nearly 100 years in the index exxon's tenure as the longest serving dow component comes to an end on monday when salesforce takes its place. exxon's removal from the dow is nothing less than a remarkable sign of the times. just seven yearsago it was the largest publicly traded company in the united states since then, shares have been on a steady decline exxon is down more than 40% in 2020, on pace for its worst year ever so is exxon's removal from the dow a sign that big oil is dead money? guy adami? >> i think so. it's something we've been saying for a while. i think they finally came to the realization that the world's changed. energy is not nearly as on the to the u.s. economy as it was a decade or so ago

i guess we have to make a choice between chevron and exxon. for whatever reason, i'm sure they obviously have their reasons, they picked exxon to remove i think exxon's been in the dow since 1928 it's remarkable. tim comments on it last night and tim knows this space a lot better than i do it's a huge deal to have exxon removed. it sends huge signals to the market saying basically energy is not nearly as important as it used to be and the economy is changing what i find fascinating is we became energy independent probably at just the wrong time in terms of what's going on in the world. that's not a political statement. that's just fact there's no compelling reason to own these names. if you want to own one, maybe chevron is it, but i still think exxon, although i don't think it's going to trade down to that $30 level we saw in march, i think it gets down to $36.50-37.

>> 2.5% energy of the s&p 500 ten years ago, it was 11% of the index. the amount of wall street research on this has gone to lows here, tim is that a signal perhaps this is deep value >> deep value is tough never buy commodities when they're cheap. buy them when they're expensive. exxon has underperformed the s&p by 68% in the last year. this is not a new phenomenon it's dramatic. this is essentially the primary descendant from jd rockefeller's standard oil the argument that energy and oil companies pushed around politics and geo politics for years, you gave the stats as little as 2017, this was the fourth largest company in the world. when you think about the components of the indices and

where they need to be representative of where the market and the economy is, i do think this is still a shocking move because oil and energy do need to be represented but i think the move in exxon tells you how the mighty have fallen >> chevron is still in the dow, pete are we extrapolating too much from exxonmobil specifically getting booted from the dow? >> i don't think so. i agree with the guys. the reason exxon over chevron is chevron actually has the lowest debt to equity i think they've done a much better job fiscally of taking care of themselves as opposed to the ballooning debt over at exxon. i do think you have to have some representation of the energy space within the dow it makes sense to me chevron is a name that i actually own it's been a poor performer they somebody in energy is going

to start to move a little bit. i feel like chef rvron is the o name left. if you were going to pick one over the other, i picked chevron. >> if this show weren't called "fast money," i'd probably harp on this statistic, that the worst performing sector in one decade is typically the best performing sector in the next decade oil has had a pretty terrible 2000s. bk, would you say maybe give oil a chance here? >> well, first of all, bk likes to be a con train. every is on one side of the boat he likes to run to the other the mere fact that we're asking the question is oil dead probably means most of that story has been into it the charts look horrible

i would not be buying these. i'd wait for a bounce. that's number one. number two, i would take a lesson if i was a big tech investor particularly in something like apple i'm not sure in 2011 if i was sitting there with exxon hitting new highs, the largest company in the world, i would have been able to tell you that nine years later it would be kicked out of the dow. same goes for apple today. what happens in nine years careful what you wish for in a company like that. >> what? are you making a prediction here, a possibility that apple, now the biggest company in the wor world, could suffer a huge decline in the next decade that's your call >> of course sure why not? i mean, listen, if i'm right, fantastic. i'll still be on tv in a decade. if i'm wrong, i won't be here anyways. who cares? >> guy will remember this guy has a memory like an

elephant. >> like an elephant. >> my only point is that sectors do flip-flop so if you're looking at something like an apple, just be careful. make sure you take some profits. >> we've got some breaking news. we'll continue this oil conversation in a moment ipo market got some news josh lipton has the details. josh >> reporter: palantir filed the s-1. just started coming the documents. first half of 2020 up 49% from the first half of 2019 the net loss here clocks in at 164.7 million. that is a decrease in a comparable period a year ago, it was 280.5 million. in 2019 they say their net loss was closer to 580 million. we'll keep looking through this

document and bring you more metrics as we get them certainly this day a long time coming this is a company that was created in 2003. palantir provides software to customers. they use that to pull in and integrate volumes of disparate data, everything from images to spreadsheets you pull that into a central platform and then you can use that to analyze that, excerpt that, make sense of all that data first really came to prominence in its work with government agencies the ceo said in the world of software there's stuff that doesn't work well, it's not useful he argued his software very useful, he told me, in some cases deadly what he meant by that is the work this company does with the u.s. military. they've also made this push into the commercial you have corporate customers, bp, merck, united airlines among them, credit suisse.

it's a company that also has its fair share of critics and coronavirus, the work it's done with police and immigration officials. carp has actually lost some employees himself because of that contract he has with i.c.e. >> thanks, josh lipton in the past 24 hours or so we've gotten more than half a dozen software ipos filed here pete najarian, does this help the sector overall in terms of valuations does it keep them afloat >> i think it shows you exactly where people are seeing the growth and people are getting themselves in line, mel. everybody's talking about the technology names that are absolutely leading obviously it's the big four or five and they've been monsters even if you go down multiple different levels, going through so many different levels whether it's cloud or software, it shows you that is an area that is

absolutely on fire i think that's sort of the rush people have if they're pushing themselves out there i think it's important to get out there because oftentimes people hold on too long in the private sector and it's just a little bit too late. we've seen that with others over the last couple of years i think this is important and i think it will be something people will be very much attracted to >> paul sanky joins us great to a speak with you. welcome back there you are. when you heard that exxon was being booted, what was your reaction you've been an energy analyst for how long i'm sure exxon has been in your coverage for that whole time. >> when i started in 1990 you couldn't give away an oil stock. the 2000s was huge for oil we've had an absolute disaster in the past decade i firmly believe that the next decade is going to be great for

these stocks thrown out of the dow is sort of irrelevant in its own way. it is an ignominious moment. ultimately the company is focused on dividend and increasing free cash flow. this is going to be a very different investment case over the coming decade. furthermore, now that we're not chasing growth, you're going to see oil rally back strongly. >> you're talking about the dividend first is it safe is it absolutely ironclad? and why is exxon performing so much more poorly than chevron?

>> they've made some bad strategic mistakes over the past ten years. we go back to the xto deal, the entrance to iraq and more recently the pursuit of growth i thought was a huge mistake the deal has been reaffirmed by the management on the q-2. on the most recent call they stated they're going to keep paying the dividend. if you think about the financial fire power of exxon, i think they absolutely will pay this. chevron just borrowed money at its lowest ever coupon you've seen a huge change of strategy from bp going after the environmentally friendly theme but ultimately having to cut their dividend in half to do that more importantly, bp said they would cut their volumes by 40% which again underlines that you're going to get a tightening supply side here as demand post covid recovers covid shows you how dependent we

are on oil that's absolutely incontrovertible you've seen how the world economy still runs on oil. the whole environmental theme is really a problem for utilities the transport side of oil is still very strong and will remain so. there remains almost no penetration of electric vehicles it's impossible to penetrate in jet fuel and ships this is a cyclical low for these names as well as a secular low i see the cyclical and the secular both shifting positively here >> you're the go-to person in the space for a long time now. i'll push back and say i understand how important oil was to economies globally ten years ago. i understand what it is now. but with new administrations potentially around the world, all the talk about esg investing, the push towards greener energy, bk pulled out

his seeing rocks a decade from now. is oil going to be as important a commodity in a decade now where we talk about it the same way you're talking about it now? >> it's going to depend on heck trick c electric cars. in the next five years we're resuburbanizing u.s. and that's going to be driven by gasoline really for jet fuel and ships, there is no electric option. it's all about transport if you look in china and india, you still have a huge amount of consumption of oil, crude, p propane and other fuels. i've been saying for 15 years that the 21st century will be driven by electricity. but the reality is you've gone too far and you're overestimating the ability of the global economy to shift

towards alternate fuels. you can see that vividly in california that's entirely an electricity problem which is a problem for utilities. although the theme is being bought so hard, the reality is these companies will be paying out big dividends and i think buybacks over the course of the next five years. >> you said that people will cycle out of growth and go into names like exxonmobil. this almost sounds like a sort of prediction, maybe a pairs trade of shorting some sort of growth stock maybe like an apple which is diametrically opposed to exxon. >> we're going to get inflation. if you get inflation, growth is to be stocks are going to be a problem. there's not going to be inflation until we tighten the oil market when we do oil is going to go back to the moon

at the end of last year we were at $60 a barrel and it seems a lifetime ago as for shorting apple and buying exxon here, i'll do it i'll come back in five years back at the beginning of the 2000s when i first came to the u.s., i used to bet salesmen you name any stock and i'll bet you my stock they came up with some terrible small cap name and i came up with exxon i never lost that bet. >> paul, thank you bk, are you with paul on this pairs trade? >> yeah. paul's my type of guy. yeah, absolutely i think his point is well-founded i think the biggest thing in the oil market that investors have to watch is there has been a lack or reduction in exploration and spending on that so at some point that oil market

tightens up. look what oil did today. it's a bit hurricane driven but you're looking at wti above 4 b $43.50 it looks like it's starting to break without. if you get any type of disruption in the supply of this oil, you could have a much higher oil price which i think ultimately would filter back into exxon and chevron. >> salesforce jumping after hours as the company's earnings call gets underwaunderway >> crm on a roll if shares can stay up more than 12 12.5%, this would be the best post earnings jump in nearly a decade this is a tone we've heard from other companies that have seen their business surge amid the

pandemic he reiterated that on the earnings call. that kicked off 15 minutes ago he said there have been questions for the company around whether it is a work from home play, saying this quarter proves that it is now investors also coming to appreciate benioff key of course for any work from home play, though, is it sustainable? we continue to listen for comme commentary on demand on the call >> salesforce saw about a 3% pop on news it was added to the dow.

the past day it has gained about 15% roughly. it probably had every reason for people to take profits. >> yeah. i can understand why you'd be inclined to take profits after this move. it's interesting the previous high. you go back into february. the stock topped out around 190 or so. we said in the middle of june, it's probably off to the races into earnings. that's sort of what's happened is the disciplined thing to do to take money off the table? yes. but you look at this quarter and say it's remarkable. just about every metric they guided higher. my inclination is i think you stay with the name after this number. >> pete, are you in this in any way? >> i don't own salesforce, no. i agree with guy i think really the important

point that was brought up was the idea of all the acquisitions across the board it seems like we'd see another gigantic acquisition. i think we're starting to see that now i think it's something that's very important, because when you look that the guidance, the guidance is so far in front of what everybody expected. i think because that guidance was so strong, it just built upon it. that's why we're seeing the stock trading right now where it is in the after hours. >> tim >> crm is always expensive software is even more expensive than crm relative value in the space, the margin overhang is still something you have to be concerned about. as the guys talk about the spending and the acquisitions that you see bearing fruit, i

don't chase this thing i just can't, but i understand what marc benioff has done and he's been successful coming up, shares of toll brothers on the move after reporting earnings what the housing giant is saying about the red hot housing market as business moves forward, we're all changing the way things get done. like how we redefine collaboration... how we come up with new ways to serve our customers... and deliver our products. but no matter how things change, one thing never will... you can rely on the people and the network of at&t... to help keep your business connected.

you say that customers make thelet's talk data. only xfinity mobile lets you switch up your wireless data whenever. i accept! 5g, everybody's talking about it. how do i get it? everyone gets 5g with our new data options at no extra cost. that's good. next item: corner offices for everyone. just have to make more corners in this building. chad. your wireless. your rules. only with xfinity mobile. now that's simple, easy, awesome. switch and save up to $400 a year on your wireless bill.

plus, get $400 off when you buy the new samsung galaxy note20 ultra 5g. we've got an earnings alert on toll brothers the stock is rallying in the after hours. >> reporter: no surprise a strong beat for toll brothers

both on earnings share and revenue as the luxury home builder takes advantage of growing demand for larger, more high-tech homes with big outdoor spaces toll brothers ceo doug yearly said the strength has continued into august adding we attribute the surge in demand to a number of factors, including historically low interest rates and a continued undersupply of homes. he called this a resurgent housing market saying toll was well-positioned on location and price. we saw new home sales overall surge 36% in july. mortgage rates continue to hover near record lows that is helping light a fire under prices >> any comments from yearly about toll brothers city living?

in recent years they made big pushes into new york city and jersey, et cetera. i'm just wondering what's going on there. >> reporter: that's what we're waiting to hear from the conference call but we don't get that until tomorrow morning. you can expect there will be a lot of questions about the city, especially when we see this o outflux of people and prices coming down in new york city >> toll brothers up by 2.4% right now. bk, housing, you still like this trade? >> i do for the time being so it's certainly benefitting from this city exodus. so that is one thing that's the tailwind that you have toll specifically, i do want to hear the conference call on what they're doing in the city. if people are leaving, that's going to be a problem. what i'm concerned about is lumber prices. they've almost tripled since april. so at some point in time, toll

has to raise their prices and/or they just can't get the lumber that's how this trade falls apart. until i see that, i think you still stay with this trend you can buy itb rather than the home accessories >> so would you rather xhb or itb? >> i'd probably rather be in the xhb just because of the format of what they've got in there i would say this about toll. bk brings up an important point. we all know about lumber prices going higher these guys already had some great margins. i think there's a lot more upside for many of these builders, not just toll but even the balance of the other guys as well i think this is an incredible quarter for toll it's really impressive how they've been able to modify what they're doing. we heard diana put up the idea about what she was talking about with the prices and the pricing

being up about 7%. they're able to pass that along as people are going through these myriad changes in lifestyle, obviously we do have to be concerned about what's going on within the inner city obviously the move out i think is very important. that's where toll really is. >> guy, how much longer do you think this move out is going to be investable? i'm a new yorker through and through. i'm hoping the city still has life to it at some point, companies are still going to say you have to come to the office for some period of time >> the city is not going away. i know there's been this big debate i've never seen seinfeld pete makes fun of me the next seinfeld i see will be the first one. i think it can continue. you have the three major home builders dhi has broken out to the

upside palty homes was having trouble but the laggard has been toll brothers toll brothers is moving back to those february highs i think it continues i think you say long >> lots more "fast money" coming up we're counting down to the fed's virtual jackson hole conference why this year's online gathering could be even more important for your money than in years past. rcngowd r, ant financial mahi tarwhat could be the biggest ip no in history

welcome back to "fast money. the clock is ticking toward what could be one of the most important speeches of jerome powell's career. the fed chair delivers remarks thursday at the fed's annual economic symposium usually held in jackson hole, wyoming not this year. so i guess no fishing for you, steve. last year was the trade war that he was going to comment on. >> there was never any fishing >> sorry no fishing and no live music either, right? never. >> you need to get your story straight on that. >> sorry >> it was work all the time. >> i'll fact check that. last year he had the challenge of the trade war to sort of navigate around. this year it is a global pandemic what do you think he's going to set the table for? >> well, i think he's going to set the table for all of that. he's had a pretty consistent message on that, which is i think that the markets and the policy makers need to hope for

the best and plan for the worst. the fed has been pretty consistent on this, melissa, that the possibilities of worse outcomes are at least an even chance he has urged, fiscal aside, to get ready to do more while at the same time saying the fed is wide open. there's a broader thing going on, which has to do with this strategic review the federal reserve is going to be involved in they're going to layout this new policy that we think is going to involve average inflation. essentially i think the way to think about that is letting inflation run a little hotter for a while to make up for the lost inflation of year's past. they have not hit their 2% target for, i don't know, almost a decade now, maybe once in the past decade or so. but they really haven't hit it average inflation would be don't raise rates until you're making up for the inflation that you lost. >> so basically this is going to

be a very long term sort of plan then there's no sign of inflation so the thought of introducing this is sort of almost comical >> i wouldn't quite go comical, but i will say that i join you, melissa, if what you mean is skeptical, because i do mean that first of all, i'm not sure this represents a change to any of your traders' understanding of what the fed is going to do. powell made a very consequential shift early on in his tenure, which was to say we're not trying to get back to normal we're only going to raise rates when we see inflation. then this pandemic came along. i think powell has also been pretty clear about the idea that we are not preemptively raising inflation, we're going to keep rates down in response to one of my questions, he said, we're not even thinking about raising interest rates he said we're not thinking about

thinking about thinking about raising rates. i think that all of your traders are kind of sitting relatively comfortable that they are not in the horizon that they care about looking at any interest rate hikes. what the fed is doing now is formalizing the procedure. i don't think it changes very much that's out there. it does formalize something that is now policy. >> you think there would be any talk of asset bubbles, namely, the stock market or negative rate >> i think the fed has also been pretty consistent about that, that they do not want monetary policy to be the swing factor when it comes to asset bubbles in the sense that if they have an asset bubble that affects the banks that they supervise, they want to handle that through supervision and not deprive the

economy of the monetary policy they think it needs. >> they're the ultimate swing factor in this market. >> they're more than the swing factor you're right i'm just saying that that concern -- and don't blame me for this guy likes to slap me around like it's my fault. i'm just pointing out that the fed, as far as i can tell, does not embrace the concern that monetary policy will cause asset bubbles. they want to be able to provide the monetary policy that the economy needs. and if they have a problem with stocks or assets, they want to address that through the supervisory method every time i've asked them, every time i've reported on it, that's the general consensus that i pick up. >> steve, thank you. >> pleasure. >> guy adami, i will go to you

since steve accused you of slapping him around. >> that's patently false i have the utmost respect. nobody reports on the fed and what's been going on with the fed for the last however many years better than steve. my problem is the things the fed doesn't talk about for example, i understand the dollar is not their purview, but i'll say again for the 100time inflation is all around. i said this yesterday. i think one of the main reasons the market took off late in the day was the news that they this profoundly extraordinary speech they were going to make about the way they view inflation, the way they measure it.

i think that's very bullish for the equity market. i don't particularly like it, but it doesn't matter what i like and don't like. >> let's bring in mandy xu great to speak with you. >> thanks x melissa. great to be here. >> to guy's point, the notion that the fed will say it will allow inflation to run hotter than it had in the past and the fact that there is really in inflation out this, that seaems like it would be extremely friendly to the market. >> i would agree to go back to your point about how there really hasn't been inflation any time in the past ten years, the fed had been hiking between 2017 a5 and 2018

i think overall this is a dovish development. if they do switch to an average inflation target, it is dove itis for the market but incrementally so because a lot of this has been priced in it's not really on the monetary policy front it's much more on the fiscal front. i think investors understand, markets understand the fed is going to be there. the fed can be more dovish if need be if things get worse. where the uncertainty is right now is more on the fiscal side. >> given the way you view the fed right now, what does that mean in terms of what the trade has been specifically growth over value and does that remain exact? the fed would say, yeah, absolutely if you believe in the fed backstop growth is the place to be because rates are going to be near zero practically forever.

>> part of it is driven by these low rates forever being beneficial for stock over the past two weeks we've seen a pretty severe underperformance of value. that is a sign that investors are starting to doubt the durability of this recovery. without the fiscal seal, without more stimulus money coming, i think there's now more risk to the economic recovery going into the end of the year. that's why i think tech is outperforming. tech is more insulated from the pandemic driven economic weakness we have seen. if we don't get a fiscal deal and rates stay low forever, that should be another tailwind for growth stocks going forward. >> this is bk. i have a question.

we've all assumed that the fed cannot manufacture inflation, but there have been some things that have happened, particularly interruptions in supply chains, some supply disruption that are creating price increases so if we do actually happen to get inflation and the fed is printing money, what does that do to growth stocks? doesn't that inflation erode their earnings and wouldn't that be bearish for the market rather than dovish? >> you're right. there have been supply disruptions but i would say this crisis is much more on the demand side. we have double digit unemployment we have record disruptions on service industries i would argue it's much more a demand for the economic weakness, in which case it's actually deflationary. certainly if we do get a sustained cut in inflation, that would force the fed's hand and that would on the margins be

negative for growth stocks >> mandy xu, credit suisse tim, your thoughts on what we could expect from powell >> i think you're going to hear more of this garbage on si m symmetric inflation. i think there is inflation inflation break-evens are higher i also think the notion of the fed not creating asset bubbles with monetary policy is one of the most absurd things i've ever heard. bailing out long-term capital in 1998 all the way through to where we are the fed has created the asset bubbles that have created the crises i don't think the fed knows how to get out of the situation even though fundamentally they think they can assess this bottom line, buy equities. buy equities as long as the fed is in accommodating mode

>> we've got some more news here on palantir. josh >> reporter: making our way through that s-1 i want to pull out some deals for you alex karp saying our company was founded in silicon valley but we seem to share fewer and fewer of the technology sector's values and commitments. alex karp a frequent critic of silicon valley, moving his headquarters to denver, colorado we have chosen sides our software is used by the united states and its allies in europe and around the world. some companies work with the united states as well as its adversaries. we do not. we believe that our government and commercial customers value this specifically we do not work with the chinese communist party and have chosen not to host our

platforms in china wo >> josh, in case you didn't mention, this company backed by peter teal which is a backer of the republican party, a long time donor >> peter teal did cofound it i would say palantir also saying two classes of stock, a and b. but they're also planning to class f shares >> super voting stock. josh, thank you. guy adami, just quickly, they chose sides and probably in this political environment maybe rightly so >> makes sense i mean it's good business, right? it really dove tails nicely with what's going on. it sets them up very well moving forward. again, i didn't read the lord of the rings books with the

palantir in it i'm sure it's fascinating. bk so ahead of his time with that one so i give all the kudos to one brian kelly. coming up, going shopping. investors liking facebook today as the social media giant makes its biggest push yet into the e-commerce space later, why options traders are making big bets on this breakout at leaf blowers. you should be mad your neighbor always wants to hang out. and you should be mad your smart fridge is unnecessarily complicated. make ice. making ice. but you're not mad because you have e*trade which isn't complicated. their tools make trading quicker and simpler so you can take on the markets with confidence.

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. facebook shares rallying today as the social media giant announces its biggest push yet into e-commerce. julia boorstin has the details. >> facebook shares rising 3.5% today on news of facebook shop

this is a shopping destination on the flag ship facebook app that for the first time will allow consumers to browse and search for products in a single destination, similar to the instagram shopping destination launched in july before consumers were only able to shop on facebook through a business's page or via ads on the news feed. instagram influencers will be able to sell products directly from instagram live videos the value for facebook is getting small businesses to conduct e-commerce through its platform to drive ad revenue as well as user engagement. even before today's announcement from facebook, ubs released a new note raising its price target and saying the opportunity for businesses to sell directly to consumers through facebook is a potential $10 billion opportunity for the

company over the next 3-5 years. ubs adding that facebook is benefitting from the growth of e-commerce as well as its ability to drive sales >> julia, thank you. the assumption behind that $10 billion revenue estimate over 3-5 years is 30% penetration of the businesses that have accounts on business it's not a wild and crazy 100% assumption, tim. what do you think of facebook here >> yeah. remember that when we talked about the facebook tiadvertiser pushback, we talked about small to medium sized businesses being the backbone facebook gets more criticism from the small business community an apple in terms of their ability to dictate the terms. this news came out in may is my recollection the argument that this is particularly useful at a time when a lot of small businesses have been closed some of that pressure on small business has been alleviated,

but i think this is really important. i thought this was a driver two months ago, three months ago the move in august from 230 to 280 on facebook is quietly one of the biggest moves that nobody is talking about >> ubs raising the price target to 330 bucks here. brian kelly, what do you think >> i love this move. i know it's been out there a bit but it makes an awful lot of sense if you're scrolling through and you want to buy something, why are you being shot out to amazon or someplace else and why not let a small business sell directly if i'm on instagram and i see a guy take a picture of his brokini, i want to know where to get it. >> a picture of his what >> his brokini. >> right, right, right kind of like what borat wears.

>> similar >> so i have a brokini is that a problem? don't we all >> it's got the straps it will stay on in rough waters. it's a public service, actually. coming up, as amgen, salesforce and honeywell - at u.s. money reserve.

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come on in, we're open. ♪ all we do is hand you the bag. simple. done. we adapt and we change. you know, you just figure it out. we've just been finding a way to keep on pushing. ♪ you say that customersnding make thelet's talk data.. only xfinity mobile lets you switch up your wireless data whenever. i accept! 5g, everybody's talking about it. how do i get it? everyone gets 5g with our new data options at no extra cost. that's good. next item: corner offices for everyone. just have to make more corners in this building. chad. your wireless. your rules.

only with xfinity mobile. now that's simple, easy, awesome. switch and save up to $400 a year on your wireless bill. plus, get $400 off when you buy the new samsung galaxy note20 ultra 5g. welcome back to "fast money. amgen, salesforce, honeywell all moving higher. options traders are paying special attention to one name on

that list. mike khouw >> the name is amgen it traded seven times the average daily call volume on the back of that news. the most active contracts were the 250 calls that expire at the end of this week, august 28th. one buyer paid $2 for 700 contracts. buyers of those call contracts are expecting that the rally that started on the back of that news could continue and the stock could close the week even higher than it is right now. up next, 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. ♪

it is time for the final trade. let's go around the horn tim seymour? >> break out in alibaba. some of this is due to the valuation going from 150 to 260. >> brian kelly >> so for me, you want to buy your fire insurance before your house catches on fire. that always works for me the point is the vix is really low. buy some insurance s&p puts. >> pete najarian >> i'll you what when you look at financials we oftentimes skip over some of the assets at kkr we had some huge buying in there today i think this is a stock that can explode through the 52-week

highs. >> guy, do you have any pictures on your gram of your brokini >> yeah. on the commercial break i was looking at my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends, i'm just trying to make you some money my job is not just to entertain you but educate and teach you. call me or tweet me. last night the keepers of the dow jones industrial