have down the road something sharper to the downside to maybe just to correct the path a little bit >> yeah. i think the bond market is going to be a big question, guys strong auction, goes against the bare thesis on bonds we've seen lately that nobody's going to want, the 10-year debt that's something to watch. >> ten-year ending at 113 -- 117. we're out of time. "fast money" start rts now >> i'm melissa lee tonight on fasup, gm plugs into the commercial ev market how traders are playing the v move next, netflix doubling down on content. we'll debate all over kb home's stock popping on result. the conference call is just getting under way. we'll bring you the hot housing

headlines. we start off with a question, a simple question. what would you say if i told you a stock has risen nearly 25% in the laps seven trading sessions? that's every session of this young year you might call it eye popping or momentum driven. well, that's exactly what has happened with the ten-year treasury yields have jumped since the start of the year, nearly hitting the 1.2% mark today, highest level since last march, so is this move worrying or is this perhaps a sign that the economy is on its way back guy, start with you. >> well, i think you know my answer i think it's absolutely worrying i think it's a sign that the economy's maybe improving or there's this pent-up demand or this money in the system, but i also say that bond volatility, if you recall, in early 2020, it was a precursor to equity volatility, i think that's what

will happen again. you mentioned move over the last trading session, the 10-year yield has more than doubled. that is troubling. to me. rates should never have been that low in the first place, you say. ok but i still think we're going higher from here i know we touched 117 today. it appears as though the 10-year is headed back to 145. i think at a certain point, this volatility with rates moving as quickly as they are is going to be negative for equities it's not now equities don't care about anything i think they should. >> karen, you've been flagging the potential for inflation in recent sessions. do you think that this is a sign that people are actually worried that inflation is here or coming >> i think they should be wror yesterday. we see a lot of pockets of it, right. we see energy, we see food costs going up, we see a lot of -- i

guess, aside from commodities, housing prices have gone up, so i think they should be -- tomorrow, i think we get a lot of cpi data, so we'll start to get some sense of whethe working its way through. i'm not sure but i think we -- i think for the moment it seems to have pulled that ten-year option actually went pretty well, so that inflation index that i followed came off just a tiny bit. i think overall that macro theme of us seeing more inflation is going to happen. i think some of the reasons are very good, which is the economy will recover we have some supply/demand constraints that will push prices higher. all that having been said, the economy will grow and i think inflation will rise. >> you mentioned pockets of inflation. some of those pockets are staggering pockets of up nation. wheat prices are up more than 25% last six months. corn, 35%.

lumber is up 275%. koerp up 32% tim seymour, inflation is everywhere except where the fed actually looks think we're having some problem with tim's mic i'm sure he's deep in thought right now. we'll try to fix that. james mcdom, i'll go to you with that question. how do we rectify the inflation everywhere, or trade the stock market knowing there is inflation out there but the fed is not seeing it. >> right you pointed out some of the runners today. if you look at corn, caladium, gold, which will start to be on the rise now, you're seeing this inflow of capital into these etfsened into these commodities and this flood of stimulus is creating an inflationary effect and having a temporary effect on stocks

markets should be concerned. if you look at the economic measures like the pmi, cyclicals, the 10s, etc., it's about 1% too chloe and needs to catch up the democrats are going to inject two to four trillion dollars in there's a higher equity risk premium. if we see a 11% increase, we need so is see s&p come down 20% and the 10-year inflation break ian at 225 it's the highest since 2018. >> there's a difference between that and the rise we've seen so far, especially if we are to believe that there is a natural cap potentially on yield simply because everywhere else in the world yields nothing or negative our colleague mike and closing bell said a staggering statement about 40% of the world's yield is here in the united states, because everywhere else has got

negative or zero percent field >> i think it does my mouth was flabbing before with nothing coming out, which is nothing new for me, but i will say, this reminds me of 2007 when he started -- you talked about food inflation. if you told me that yields had plummeted 30 basis points off the levels four or five months ago, that would have been a lot more concerning to me. we have an inflation problem i'm as worried as the next person about fed policy. there are pockets of inflation let's be clear here at 140, 150 going into the year with covid. why are we so concerned coming out of it as we obviously see vaccines in a bridge to the other side absolutely an expectation of pent-up demand i don't care where you are if anything, i heard the fed

mention that while they don't feel the need to move into soon, there are some factors that have kept inflation down and, look, i guess i'm going to throw myself in the camp that i am not worried about this and i think equity valuations also, while it's easy to point to that element, i think people will choose to put whatever p they want on p.e., depending on liquidity factors. >> i see the fed doesn't see the up nation. obviously, the fed sees these numbers, these statistics. i'm being glib but these factors aren't the primary drivers. but on the conference calls that we are about to listen to in this earnings season, will we start hearing that i would imagine we would on the earnings call. the dominoes pizza said he expects food inflation to be between 2 1/2 to 3%.

this input companies are seeing the rising cost of inputs into their products >> no question we talk about lumber prices. i think copper prices, you can check me, i think they're at three-year highs today all these things are going higher you said it somewhat tongue in cheek about the fed. i won't be as turt yus to them if they don't see it, they shouldn't be in the jobs and if they do see it, they're not paying attention to it and telling the rest of us it's easy not to have inflation when you choose to not measure the things that are inflationary everybody knows i'm a bit of a fed naysayer that's fine. i'll take that label but there's inflation all around to tim's point about deflation the he's right about that as well, because we probably rif in the the most progressive time in the history of mankind economy is the most deflatio air force in the history again, i'll say it one more

time you have inflation in all the wrong places and at an certain point it's going to come back to haunt the equity mark. >> let's bring in steve leishman, of course. who else would we ask about it good to see you. we've been having i don't want to say deep, probably not deep in your understanding, in terms of what the fed is concerned about on the inflation front, what would it primarily -- it doesn't seem that they're worried about soybean prices and lumber and copper prices going up >> no. the fed is concerned about an economy that's beset by hundreds of thousands of cases a day of covid. it's worried about an economy that is at the moment performing below it's potential and has been for about a year, if you look at the way the economy has been growing the fed is worried about scarring to the economy from ten months of dealing with this

virus, the fed is seeing, and i just really disagree -- i don't disagree it's just factual -- the fed looks at all that inflation data what i'm pretty sure the fed sees when it looks at that is you've had some areas of strong demand, because people are at home you've had good prices rise because of that. but fortunately, the fed practices two kinds of economics, supply economics and demand economics you've had a huge surge in demand on speak of goods because people are at home you've also had tremendous disruption to sacrifice fly. the way i believe the fed sees things displaying out, you have a massive stimulus coming through. you'll have a rise in prices but i don't think the fed will see that as sustained. i think it will believe that's temporary. what is the world that tim seymour or international -- do for years. what is the world he sees. why is it a deflation air world?

because it remains a world of massive supply a world where when there is a higher than sustainable price, you have massive competition come in and push those prices down, assuming our borders remain open. that's another story basically you have this demand surge right now. you have massive supply disruptions. over time those two will equal out and you'll probably be out to deflation air forces. >> right there's a lot of fed speak today, steve, that you're all on top of eser george stood out to me, kansas city fed and i believe she said something like inflation could bounce back much faster than expected once the economy reopens. it could be much hotter than people expect because of rises in, for instance, airplane tickets prices and hotel prices and things -- >> yeah. >> -- to that degree. >> yeah. >> is that a widespread belief

amongst fed -- the fedsters? >> i think so, but you kind of make my point, melissa, in a couple of ways first of all, the airplane one is a dplatd example. does anyone agree in a the idle airplanes in the face of higher airplane prices are not going to be brought back into service if there's the demand for that kind of airline travel? that's the first way the second way is ester george, who has been known as one of the hawks, but here's what she said when asked about her concern about inflation. >> if inflation tips over 2%, i don't think you're going to find the federal reserve reacting to that if inflation takes off in ways that are unanticipated, that, of course, will require some decisions to react to that >> i wane to make two quick points to my friends there first, a 1% or 1.5% yield on the

ten-year bond is tefrl normal. a spread of 1% from the two and the ten, nothing is wrong with that, stands in the way of the economic doing just fine with a 1% we've been up to 200 basis points on the spread there what i cannot say and kbhas skbierl up to them and i take a massive back seat on this issue is what is the appropriate stock level relative to either the level of the ten-year or the spread with the two and the ten? there's nothing about any -- either of those levels, the spread or the level of the bond yield that gets in the way of very good economic growth. >> steve, it's karen let me ask you something about the fed policy has said used to be 2% but they change it, we're going to have it run hotter than 2% if it gets there. >> right >> how much further do you think it would be allowed to run and for how long >> it's a great question i don't know that the fed even

knows the answer to that is on a individual basis or collectively i think 2.5 is not a bad number. i think 3 is a good number for some of the most dovish members. i think there's a sense of -- they need to see sort of how the business is dealing with it. do they see this as temporary. you get a huge surge in oil prices, the fed might look at that will and say, you know what, that's going to work its way through the system the rise in tell communications prices, that worked its way through the system i think we'll wait and see >> thank you >> leasure >> before we move on, quickly to our traders, i want to pick up on a point steve made. if 1.5% is normal. let's say we get to 1.5% in seven trading days, what we've seen so far this year. are stocks lower because of that show of hands. are stocks lower

well, james, you're nodding. a show of hands. ok go ahead >> i was going to say quickly, i think the resource trade, the stocks we've been talking about, the resource stocks, the lechblgd energy plays, the banks, some of these growth names are probably lower i can't meet to the morgan and in aggregate i think you'll continue to see this >> let's bring in mike wilson from morgan stanley. mike, great to see you what is the magic number in your view >> i wish that i knew that magic number i'm not sure any of us know that there's a specific number. as james was listening there on some of the numbers that i think maybe from my note around this idea that there's not a lot of wiggle room now, where if you get a 50 to 58 business year move, you're going to see some

valuation con fraction and to guy's point, it may not be bad this is core to our call it has been since april when we first said this cycle, we actually are going to get inflation. the reality is that the policy response this time has been very, very different it's easing money printing but it's being distributed freely into the economy where it's spent. you're running above where you were in many areas on demand in the economy, as the supply is probably going to be somewhat impaired you're going to get inflation. i think as steve said correctly. i don't think inflation is a problem for the market this is what we need i'm bullish because of this but i'm bullish on the parts of the market that are going to benefit from higher rates and higher

inflation. it doesn't -- it doesn't mean the market can't go down it can we've talked about this for six months where the average stock is doing better than the index it's a mirror image of what's gone on for the last several years. >> in terms of the rotation your preference for things like banks over something like growth and decky trades, mike, does it -- if the ten-year state were where it is right now, would you still like that rotation, do you still think that continues do you think that higher yields are simply sort of the kicker to the trade? >> yeah. i think that's a really important sort of point we have to consider. because look, the reality is that rates -- ten-year yields and rates in general is really the pace that's missing. it's the outlier every other acid sclas in the world is signalling higher growth and higher inflation.

people think the fed doesn't want higher rates. maybe that's true. stocks and commodities and other assets are moved in front of that, meaning you've benefitted from the high irmove-in rates. the markets have discounted what they think is going to happen. vision is rates go up. you get some valuation compression, in the broader market, you go back to those areas that will benefit from the rate movement, really growth at that point, ok, so you know, i don't think that this is a problem. i don't think inflation's a problem. i would argue if you don't get inflation, you don't get higher rates, eventually then policy has failed, and that's when you have a problem >> hey, mike, it's tim i would argue that the market has largely been responding to the p in pe. there are no earnings. earnings are meant to be inconsequential in 2020 and possibly in 2021 until we normalize.

i don't think a move to 140 changes that on the ten-year what do you think? ultimately you have to assess really the p in pe all the time and right now no one cares about the pe multiple. are you going to care about it in four or five months >> no. we do care about i that's the outlook call for earlier this year was our view we think valuation pe should come down about 10% but the earnings will more than offset that it should rise by 20% and therefore, tin decks level go up by about ten that's an interesting story but the really interesting story is there's going to be stocks that see a greater than 10% i think it's higher than that. it could be close to two and there's going to be stories that valuations don't compress at all, like the banks they may even go up because higher rates and steeper curve helps their story. so this is where it gets really

interesting as traders or investors, doing what we do, this year's going to be much more idiosyncratic, ice a bull market of stokts, it's not a stock market of bull market. >> thank you >> thank you >> two with-year yield has been anchored pretty much as the ten-year yield has gone higher what we saw today, j.p. morgan >> an all-time high, rights. it should be ahead of its earnings we talked briefly yesterday about people expect that net to expand which i definitely do as well i think there will be a lag effect the obviously it's higher now. remember j.p. morgan and the other banks got in boat loads of deposits that they weren't able to deploy quickly enough

in next year as well plus the rest of the businesses, you know, the capital markets underwriting, the fact business, asset management, all thoelz are going gangbusters. i expect good earnings but they're getting priced in. >> all right coming up we've got an earnings alert on k.b. homes. the call under way at 3.6% we'll eabrk it down when "fast money" returns no dad, it's a video call. you got to move the phone in front of you like..like it's a mirror, dad. you know? alright, okay. how's that? is that how you hold a mirror? [ding] power e*trade gives you an award-winning mobile app with powerful, easy-to-use tools and interactive charts to give you an edge, 24/7 support when you need it the most and $0 commissions for online u.s. listed stocks. don't get mad. get e*trade and start trading today.

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welcome back to "fast money. check out shares of kb home. the conference call is under way. let's go for the details >> reporter: shares up 4% in after hours after a nice beat in q h for the los angeles-based home builder no sign of any let-up in demand, according to ceo jeff mets ger he said housing market conditions continue to be robust as the pandemic has helped propel demand for homeownership. new orders were up 42% year over year to the highest level for the company since 2005 the cancellation raid dropped

14% down from the 2% there was no mention of buyers coming up against sticker shock as we've heard from luxury builders lenar, kb's backlog, the highest since 2005 it is well positioned going into the new year only wild card is mortgage rates. they've been sitting around record lows for the past six months but they are starting to edge up. >> diana, thank you. kb shares jump in the aftermarket session. they're up 5% literally in the past fin or so since diana had been on the air. where do you go on the housing trade. as opposed to the sticker shock comments that we heard from some of the others, they're seeing a good backlog, low cancellations, etc. >> it's interesting. she mentioned everything and the other thing i would mention, gross margins came in at 21%,

which is better than looked for. so she nailed it down. a couple of things with kbh and hpm. going back to the alltime high in february to the okd levels. we had a whole conversation about it this quarter's backward looking. if rates go higher my sense is it's going to be a bit of a head wind here. if you want to continue quicklys might be the most interesting play out of all of them right here >> james, where are you on the housing trade? >> i agree with guy. i like the same name i think that looking forward, obviously, they made gains despite the rise in yields, so we're all on agreement there i think the expectation of stimulus previously boosted the housing marked in march and i think there's similar expectations now so we can see a

little bit of lift going fore. very bullish interesting comment about the emotional security homeownership provides that's kinds of i think a prescient observation as we look at people shifting the way they've lived over the last year i think that's a prescient call in looking at this space for continued pockets of growth. >> certainly a change from what we had seen from prior to pandemic when people were shifting to rentals, tim, but where would you go in housing now, given the run in some of these builders >> i think he's referencing the next round of stimulus they're going to go to home depot and lowe's those charts have done almost nothing for six months i think it's time to reload the beaumont it's not that significant regular active to where they are historically. i think this nesting dynamic doesn't change i like those stocks two months ago. i like them even more on the

edge of a whole new round of stimulus i think they're going to benefit. >> coming up, shares of gm charging to a new all time high told we'll tell you the rec fight headline that got investors all wired up veod news that could have instors streaming into this stock. details when "fast money" returns. ievable steps that give me confidence. this is my granddaughter... she's cute like her grandpa. voya doesn't just help me get to retirement... ...they're with me all the way through it. voya. be confident to and through retirement.

new projects means you need to hire.gers. i need indeed. indeed you do. the moment you sponsor a job on indeed you get a short list of quality candidates from our resume database. claim your seventy five dollar credit, when you post your first job at indeed.com/home. welcome back to "fast money. gm driving to a record high today. a new electric van announced as well as some sky high ambitions. fi >> those ambitions for electric vehicles will be part of a new business, a new division at general motors, also a new brand

called bright drop, and this is the electric commercial vehicle that they plan to roll out by the end of this year they plan to ship the first ones with fedex being the first customer commercial electric fans, that is the hot market right now. there's also what they call an electric pallet, if you will this is parts of gm's ev push. itgoes through 2025, investing $27 billion rolling out 30 all-new ev models by 2025, a lot of them here in the summertime and north america. three of those will be new this year all of this comes not long after general motors, as you take a look at shares of the stock, we're showing you this, melissa, if you go back to september 8th, what happened on september 8th, that's when gm struck a deal with nikola. a day or two later it started to

fall apart and ultimately it became nothing more than gmg being a supplier and nikola being a customer today we asked, look, do you regret that move or would you do it again with a startup? here's what she had to say >> we've done other arrangements with startups, so it doesn't make us hesitant at all. of course, we wish that situation would have turned out differently, but one very important part is it validated our hydrogen fuel cell technology and we think that's going to be good getting to a zero as well >> i asked what do you think about apple? do you expect them to be a car she said they're going to be a formidable competitor. they understand what the landscape is in detroit. as you look at the stock,you have to admit that general motors is starting to finally

get some rec nation for not only the investment in electric vehicles but also the battery technology and the assets that they have with evs not saying that they're going to take off like fess la, but for a long time, the feeling at general motors was weave got some assets here and we're not being appreciated. that is starting to change a little bit >> they're offering software and services for fleet management and logistics. >> yes >> that's recurring revenue. is that new to the business model of any of gm's businesses? >> no. gm has had recurring revenue onstar is a good example of that they're starting to do things with their data that they're providing to the vehicles. you'll see this from all the auto makers. they realize the value of that recurring revenue and they're all driving there and the electric vehicle, whether it's for you and i or in a commercial fleet, that's where you get that

>> sounds like competition, which is not yet public. should be interesting. >> thank you >> check out phil's entire interview on our website let's trade this wie been talking about a rating of gm for months now tim seymour, do you get off the train at this point? >> yeah, yeah. you put your foot on the gas pedal and you rev it higher. look, the commercial unit at bright dropped, the work with fedex and evs to make their commercial lines more efficient. how about honda? and 30 new vehicles. phil nailed the whole construct of today's headlines let's get into what it means for the stock. gm is arguably one of the most profitable auto companies out there. they are making money. they're one of the biggest ev seller in china where the mini

out there. it's starting to happen. think of what you could do to the price of this stock if you changed this multiple just a little bit a company that's gone through some painful moments in taking on unprofitable businesses but 27 billion into ev through 2027 -- or excuse me -- 2025 it's an extraordinary commitment to what was already a commitment other words, they wouldn't have these technology i get longer gm. >> i feel like karen has thought about what you do at gm, if you give it a little bit of a higher volt compared to some of the ev piers. >> right >> as we look for value and pe multiples that are reasonable, looking at a ten, just imagine if gm were private and merged with a speck and came out with the numbers that they had and

the market tried to absorb that, imagine where that would be trading. the whole legacy of selling 7 .7 million cars around the world and doing that profitably and cutting back in areas where they weren't profitable, all of that, that should get some credit, but i mean, it's -- the only reason not to buy it here is the idea of oh, it moved up so much already, which isn't a great idea, because the evolution is just really starting here, and finally it seems to be getting -- it's not like the multiple's gone nuts from eight to ten it never should have been at eight or seven or six or four where it was at the bottom >> i like thinking about it merging with a spac and the multiple it would demand in the marketplace. >> it's up sane. >> unlike a lot of the other ev start-ups that have merged with spacs, they've worldwide manufacturing capabilities,

which not a lot of others can boast of >> it's interesting, an amazing point. please listen. i'm not saying it's going there. given what she just said you're talking about a stock that would trade at a market multiple, given the 2 $6 they're going to earn and it's a 144 stock. to back outfit of i was and say listen, the market multiple for the s&p 5 ho00, if you give gm l of that, i don't think it's going to gets that you give it a nine or ten and do the bath ten multiple on forward earnings as a $60 stock i don't think that's unreasonable in this environment. tim and karen have been on this. i've been late to the game but that's been something we've been saying for quite some time >> get ready to netflix and chill a lot more this year doubling down on original content. the blockbuster numbers and how to trade it. plus energy on the move.

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they announced a new movie every single week this year. compared to disney 15 streaming programs in the works. not helping shares ending down almost a percent this underscores the content arms race that has to go on which, of course, requires a whole lot of money james. how do you feel about this move? >> i love netflix. i think it's a great business. i think long term they're going to win but as with any up vator and disrupter, competition can come and competition can be fierce i think even with the new content announcement, netflix seems uno replicate the 2020 performance because of extremely competitive space, gains by disney, plus, and msnbc peacock stay at home appeal will

diminish with the vaccine roll out. to congressmen saturday they need to raise prices and to do that would backfire. people will be paying more attention to what they're spending and historically price hikes have led to slowdowns in cyber growth having said all that, i think they have to do it i'm excited as a consumer to see what's coming. i think other people will, too ultimately, the arbiter of their success will be the quality of programming, if they nail that, i think this remains as a long term strong buy. >> i think it's something like 70 new movies or something like that, something of that magnitude for the year for netflix. a lot of it is original. some of it is acquired i don't know if that's a reason for people to stick armed on their prescriptisubscription >> i think it's a reason to stick around i feel hungry for content.

i feel like i watched so many things i had on my list, including amazing content on netflix, like "the crown," but i just can't get on board. maybe i've missed the several hundred points up. if the vaccine is effective and they go outside more, one thing, when they have raised prices, they have made more money, so they do need to do that, i think that will be a positive for the stock. sadly, it will be without me >> yeah. what have you streamed lately and how do you feel about the stock? >> the stanley cup playoffs in 1974 i streamed on netflix it was a fascinating lookback to when hockey was a much different game one of my personal favorites i know you were probably enthralled by that as well there's a fast money movie coming out september with netflix.

with that set, stock is going, this is the longest period of time if you look back, it's been since september that it made its all-time high. if you're looking for a line in the sand, that's it. >> can you manage what that would be like? it would be so terrible, nobody would watch it sorry. coming up, i should drill down for options traders. one energy name. we're heading to the oil patch much more fas rahthectstig aad - [narrator] at southern new hampshire university, we're committed to making college more accessible

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welcome back too "fast money. take a look at the xrt, rising to an all time high. the move with sticks fix, overstock, et si and lands end i don't know if this is the expectation of more stimulus, power consumer spending even further. we're not necessarily in a strong period for retail >> well,s if you look at the xrt, it's outperformed the s&p by 6% over the last six and a half months. a lot of this is stimulus. the inflation dynamics are fantastic for some retailers, especially staples, but food

retailers, they love this some of those names you just mentioned tend to be more e-commerce place but that's part of the story so the outperform ax of the xrt i think will continue at least through we start to see dissipation of the stimulus. >> where did you go in retail? >> etsy. i like it. it's ah nicht. it has a competitive advantage 88% of buyers say that etsy sold items they couldn't find anywhere else. it's got a little bit of the unique following to it i think there's a lot of up side to it. the stimulus inspections are going to continue to push money in this space. >> i mean, i know we couldn't find a guy anywhere else in the world for that matter aside from maybe there's a reason for that. >> i'm glad you mentioned that i know you saw me smiling. you knew what i was thinking >> i was in your head. i knew >> hark back to the days -- no,

you totally were she was able to acquire that >> she still has it. >> i'll push back on etsy. this is a level where you can take the money, run like eli lilly last time and look for a pullback >> breaking news out of washington >> melissa, republican congresswoman liz cheney is saying that she will vote to impeach president trump tomorrow she is the chair woman of the house republican conference, and in a statement, she said that the president could have immediately and forcefully intervened to stop the violence at the capitol he did not and there has never been a greater betrayal by the president of the united states of his office and of hissos to the constitution she becomes the second republican congresswoman to say they'll stroet impeach tomorrow. someone else said he will also

vote with democrats to impeach the president. this comes as democrats say they have the votes to impeach president trump for the second time as they vote today to see if they can call on vice president mike pence to invoke the 25th amendment and remove the president from office. if that does not happen, as it is not expected to, democrats will then move forward with an impeachment vote >>ha tnk you and "fast money" will be right back tasha, did you know geico could save you hundreds

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welcome back to "fast money. we've got some breaking news about regeneron. the stock is flattening after the session so far let's go to senior health and science reporter meg terrelle. meg. >> reporter: hey, melissa. up to $2.6 billion the u.s. government paying regeneron for up to 1.2 million gos of this covid antibody drug. joining us is regeneron's ceo to talk with us lynn, tell us about this major contract and really what it signals about the government's hope for using your drug to help with the pandemic. >> right thanks, appreciate you getting

us on on short notice. we think this is very important. at the end of the day, if you're going to fight this terrible pandemic, you're going to have to use public health measures, you're going to have to use vaccines, but you're also going to have to use therapeutics. we think one of the most promising approaches is to supply antibodies to people who aren't making enough anti-bodies on their own if you don't have antibodies you're going to have a thousand times more virus in you than if you do if you have been admitted to a hospital, you've got six times of a chance of dying of those who have giving people antibodies makes a lot of sense and what we've already shown is we give people antibodies we can get rid of the virus much quicker in the outpatient we'll keep people from getting hospitalized

we think this is a very big deal it's a 1.25 million doses, if we can get it all made in time by the end of june, and we think it has a chance to help a lot of people >> that's a lot of doses and we've been hearing it's been really tough for some people to get these medicines. you hearing about any improvement in that situation? it does seem like the federal government is trying to step in to help. are more people able to get these medicines now? >> it is a name but it's been a difficult lauchlg but that's true with the vaccines as well in realtime in a pandemic, not a lot of time to prepare things are improving the government, for example, put out a locator where you can go on line. we hope the states will opt into that only apt half have so far. some states adopted what we consider best practices. texas, i think, has opened up

infusion centers in north texas. the mayo clingic has found places where you can bring people in and get the infusion i think there's a lot of work being done and there's a lot of effort to make this easier i get calls constantly, how can i get this we need to make it more user friendly because we think this is part of the real fight here >> dosages or the cocktail that are sitting waiting to be transfused into sick patients as we hear the numbers climb and what, if you had to pinpoint what it was exactly, is it that patients aren't getting the respectings, doctors aren't writing the prescriptions, patients aren't following through and going to the transfusion centers? what is the bottleneck for this treatment? >> yeah. there is a -- an issue in all parts of the frontal, if you will at the top end, not enough doctors because it only has emergency use authorization. many of the societies haven't said, well, we definitely have

to use it. the nih hasn't said you definitely should use it the fda has authorized it. the data looked pretty compelling there is some issue with doctors getting their arms around the data on the bottom side of the funnel, there's a bottleneck of getting people infused you have to bring a sick person covid to an infusion center. that takes some preparation, some ppe and so forth, but i think this is all now being worked out there are doctors best practices doctors who have given thousands of doses already and can't get enough and there are some places that don't even -- aren't even taking the cocktail. so it's really quite varied across the country but we're trying to get this more homogenous and more straightforward so if you meet the criteria under the use authorization your doctor can get you to a place where they can give you this infusion

the sooner you get it, the better it is when you're giving these anti-bodies. remember antibodies matter. if you're not on antibodies, you have a better chance of having a bad outcome. >> lynn, unfortunately we're bumping up against the end of the show i had so many more questions we have the same taste in books. i got this molecular biology of the cell which you have on the bookshelf behind you so thanks for joining us >> thanks. >> all right back to you. >> nerding out, meg. thank you for bringing us that interview about regeneron. let's get a quick trade. a stock we see moving higher in the session. >> regeneron has 20% earnings growth right now given the price it's traded at, 15% times next year's numbers, i think despite this move it goes higher, just on valuation alone.

melissa. >> do you think regeneron is where to be for if you were to have a covid play? >> well, you know, we've often questioned the profitability and you can do some back of the envelope in terms of order from the government i think this news alone will continue to get a bit under the stock, but it pulled back a lot. we say all the time, i think the isks brveg b is a great place for investors. >> regeneron up 4% let's go around the horn tim, back to you >> again, i'll just underscore, say loud and career, gm's multiples going higher >> karen >> yeah. on the heels of that kb housing news, whirlpool. i like the valuation a lot >> james >> next star energy. 2020 enforced the leader in solar technology >> guy, who would play you

>> i don't know if brad pitt, maybe. did you catch the final score of the alabama game >> you predicted it last night on "fast money" until final trade. all right. thanks for watching. "mad money" with jim cramer ar rhtowsttsig n ""mad money"" with jim cramer starts right now. my mission is simple, to make you money i'm here to level the plays 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 trying to make you money. my job is to entertain and teach you. call me at 1800-743-cnbc or tweet me @jimcramer.