sergeant of affairs at the united states embassy in kabul two of the last united states officials to be removed from afghanistan. that's it. the kabul airport is now under no control at some point soon, they hope, they say, it will be under control of the taliban and some degree of professionals. there's been discussed the possibility that turkey might get involved that qatar might get involved in flight operations there. let's take a live look now at the state department where we're told blinken will speak next we're expecting to hear from him how our commitment to afghanistan does not end of course, there are many thousands of afghans who had been promised safe passage out of afghanistan once the taliban took over. many thousands of them were not able to get out. it's the latest reporting of nbc news that there are about 250 americans inside afghanistan who had expressed an, who had wanted to get out of afghanistan but had not yet been able to

there's any number of hundreds of americans who for reasons of their own, didn't want to leave yet or hadn't made a decision to leave yet because they're dual citizens or because they had family in afghanistan. but 250 americans that expressed a desire to leave but had not yet been able to get out we're going to hear more from the secretary of state in just a moment about how in fact those people might be able to get out. especially when the kabul airport is no longer in operation. at least for the short period. at very minimum, for the short period and baghram air base was closed down. it closed down quite some time ago. what did the united states leave behind at the kabul airport? we know 70 mine resistant vehicles, the way the troops had gotten around in the region for quite some time, 70 of those left behind. in addition, 2700 humvees and

military aircraft left behind. but according to general mckenzie, all had been disabled and cannot be flown again or used again in any way. secretary blinken, of the discussions of what happened in kabul are now complete they had about 500 afghan troops troops from the previous afghan government, which was toppled by the taliban. 500 troops were helping to secure the airport they and their family members were among the last ones flown out of the airport and then we got first word, sort of semi officially that this had happened when the associated press had heard from the guard there at the airport that the last plane was gone. then the federal aviation administration sent out a notice that the airport was under no control now and that anybody wanting to use that airport for any reason, though you would suspect no one would at least in the short-term, would not be able to exit so at this point, it has now

been more than 7,000 days. in fact, i can give you an exact number 7,267 days since the opening salvo on october 7th, 2001 america's longest war is now officially over. the question is what happens from here on our senior washington correspondent, eamon javers, is with us for that as we await blinken's discussion at long last, eamon, this is over >> shep, this is one of those moment where is you just feel the weight of history as you watch these officialsstruggle to bring us the detail of what happened today, there's a lot of numbers. a lot of logistical information, but there's a lot of history here, too. what you just heard from the general there was that there's a lot of heartbreak associated with this departure. the general saying we did not get everybody out who we wanted to get out

he said they left seats available for any americans who wanted to come out they could not get them to the airport, he said single digit hundreds perhaps of americans are remaining in the country at this point. and he's also proceeding with this evacuation program at the same time that he is trying to hold the door, basically, on those aircraft for my remaining americans. so i'm sitting here, shep, thinking about the way we felt when we went into afghanistan in 2001 i'm sitting here thinking about the way we felt in 2011 when u.s. forces got osama bin laden. i'm thinking about the way we feel today heartbreak in one way or another around the clock in afghanistan for 20 years and now the american war there has come to an end the question is what happens to afghanistan? will the war there continue in the form of a civil war? that's to be determined and it's to be determined by afghans, shep >> though the public wasn't much

watching and we in the media are largely responsible for that, for ignoring what's been happening in afghanistan for the last few years, there's been a bit of a war underway. especially in the eastern provinces of afghanistan between isis k, which many americans are just hearing about in the last week or two, and taliban forces. it's been going on for at least the last three years isis k's down to some 2,000 fighters they've led us to believe. many of whom were just let out of a prison there. >> yeah. and even within the taliban, there's division been talking to some veteran cia officials over the past week to sort of understand the contours of the taliban now and is this the same taliban that we defeated back in 2001 and to a remarkable extent, there's some of the same characters are involved here. including some of the founders of the taliban who have survived this entire two-decade period of conflict with the united states who are taking power again but there are divisions within the taliban ruling conference

here you've got the haqqani network, for example, which you can think of as the militaristic wing of the taliban organization they're more diplomatic elements it's all sort of arranged along tribal and regional lines. so you can expect there will be some conflict within the taliban itself as they struggle to figure out who is actually going to be in charge of this country and whether there's going to be much of a central government at all. some of the people that i've talked to in the past week, shep, have said that america's biggest mistake in afghanistan was trying to impose an american-style federal central government on a country which has never really had that and is not sort of geographically set up to be that way. the taliban may decide not to do it that way and have a loose configuration of governments around different regions controlled by the taliban that sort of nominally report to kabul. we will see what happens the bottom line is that the united states is not going to have very much to say about that

at all >> no. extraordinary that the group that we went in to defeat, we've y just handed the country back to and along the way, we've not been able to accomplish what were our primary goals that is the keep afghanistan over the long period of time from being a breeding ground from those who would try to hurt western interests. at this point, we don't have any clue what's about to happen in afghanistan except to say that wars is easier to get into than they are to get into than they are to get out of. over the past four or so administrations, with each time they've told us, oh, there's much progress. we're making much progress on establishing this national government administration after administration after administration was not telling us the truth, which erodes the confidence of the people you would guess. and you would wonder the next time the united states government said we have to go

back into afghanistan for the following reasons, you wonder how much appetite there might be for that, eamon. >> you can't imagine in the future saying we have to go back in and people able to garner a lot of political support for that as you watch what happened here. i just am struck by the absolutely surreal nature of the final hour in afghanistan as you, as just described by general mckenzie the commander on the ground presumably calling on the phone, the taliban commander and telling him, we didn't tell you the exact moment our last flight was going out, but it's going out. i'm leaving. he was very careful to suggest that the united states did not turn over this airport to the taliban. there was no sort of handover ceremony they didn't leave him the keys, but that was the moment where the united states did turn this airport, this capital city and this country over to the taliban and it was one american military commander on a phone call with a taliban military commander his military counterpart these two forces having been at

war with each other for 20 years. the americans saying we're done, we're out of here and this airport is yours that's striking. the idea of the u.s. military there scuttling its equipment also striking. you heard general mckenzie say they scuttled quite a bit of ammunition also airplanes if i got the number right, more than 70 aircraft on the ground there he said will never fly again. presumingly the u.s. military did some significant damage to them on the way out. but the careful nature of the way they did that, by scuttling the military equipment, but leaving fire trucks and other front end loaders and heavy equipment that whoever's going to run that airport tomorrow is going to need to run an airport because he said the united states has an interest in keeping the airport up and running and being able to have civilian flights in there soon you can't quite visualize how that's going to work, but

presumably there will be taliban officials in the control tower shortly trying to figure out how to operate that airport. >> it's 1:40 a.m. just about now in afghanistan and you wonder if there wouldn't be some sort of taliban presence there at first light tomorrow around 5:30 in the morning. i know that on july 1st, united states turned over the baghram air force base to the then sitting afghan government who then turned it over to the taliban. now the taliban will take this to say that there was no handshake on such a matter, we're leaving this to you, is semantics and optics only. that is essentially exactly what just happened. >> and the trouble from the taliban is that all of these people, you talked about more than 100,000 people that have been evacuated from afghanistan, presumably include a lot of the

technicians and sort of the brain power of the afghan national government that collapsed. a lot of the people who were operating that country on a day-to-day basis and know how to do things like operate the airport and operate the security around the airport and all of the things of daily life in operating a major capital city all of the people presumably running that are now gone. so the taliban is going to be hard pressed to find qualified individuals to sit in those chairs and operate the airport in any kind of way that we're used to in the western world so the question is who's left on the ground that the taliban can persuade to come work for them and show up and operate an airport because the united states is going to want to get those flights in there at some point and continue as they've said to bring as many afghan allies out as who would like to depart but for now, there's a power vacuum and you can imagine those taliban forces who are in that air base moments after they got that call from the united states >> we've heard word, eamon, that

turkey and the cutries might work out some sort of flight ops control that professionals from those countries might take a part in that operation, but you have to wonder with isis k being the enemy of just about anybody, if there might be some concern about safety and security in such a time and whether the qataris and turks would be willing to do such a thing >> and general mckenzie said that he said the terror threat now is going to be extraordinarily high and what he was talking about is the situation at the perimeter of the airport where the taliban has, he said, set up a hard corden to keep the crowds of people off the airstrip so the flights can continue to depart that perimeter is where those folks who are civilians will be extraordinarily vulnerable i was struck by the dark irony of the general talking about the threat in afghanistan when the

taliban is now running the country. the taliban is an entity that the united states has announced is terroristic forever and they're the government now so to some extent, you're going to see how a revolutionary terrorist organization can somehow transform itself in a short period of time into a capable, governing entity. a lot of these taliban officials i'm told have a lot of diplomatic experience. they've run large portion of the country over the past several years so it's not as if they're unqualified. but this is an organization that was built to fight a war >> the history's yet to be written, of course, but it was mid february in 1989 that the soviets left afghanistan through the pass after fighting with the warfare with those created by the united states in a group that's now called the taliban and now the united states has

left in the last c-130 and turned it back over to the same people we had funded to fight off the soviets in the late 1980s. it all comes around so quickly and is pretty poor optics there in the rear-view mirror. >> the graveyard of empires once again and i was thinking of that picture of the soviets crossing the bridge as their armored personnel carriers left in the 1980s and side by side with the picture of that u.s. air force jet taking off with a crowd of afghans desperate to get on board it even until the last seconds until takeoff. those two images will go down in history as the images of empires abandoning their afghan adventures here. and just this week, we heard some conversation between the united states and the government of china about how china's going to approach the taliban and how they're going to be able to hold the taliban accountable to some

promises they've made about how they're going to run the country. you just wonder in this 21st century now if the chinese, which of course, a country that is much closer by to afghanistan, if the chinese are going to be the next empire who's going to be looking at afghanistan as a problem that it has to deal with >> and you wonder what tactics the chinese might employ one might guess they wouldn't look a lot like this one there's something happening here, eamon, and i'm not sure what it was. we got late word that at 4:30 eastern time, we hear from john kirby from the pentagon and john kirby said we must be clear at exactly 1700 hours, exactly 5:00 eastern time because blinken was going to take to the microphone, but it would begin at exactly 5:00 a coordinated effort to begin the narrative at 4:30 eastern time continue the narrative at 5:00

eastern time to not allow these off narrative commentary that comes from news people and former military personnel and the rest to happen on all the cable news channel and instead, we have this now almost 16-minute gap in what the government itself would be a continuous event something's happened i don't know what it is, whether it's something of significance, but something's happened >> no, this is not going according to plan. like everything else in afghanistan. final moments here not going according to plan either i think you will get some critics that we will hear on this day from the president of the united states and so far, there has not been a plan for joe biden to address the united states on the day that american forces left afghanistan at his order and direction. we've heard from the commanding general in the field we're now going to hear from the secretary of state and presumably at some point, the

white house will want to speak here, but this is the type of situation where people would expect an address to the nation from the president and so far, no word on when we might expect that >> jen psaki, the press secretary at the white house said only we would hear from the president in the coming days, but wouldn't be specific lack of specificity on such a matter makes sense given the fluidity of the situation, but if i'm planning this, eamon, just speaking off the top of my head here, if i'm planning this, i want to see what happens at that airport and inside kabul and what the taliban do now that we're gone before i put the president up and risk a split screen like we have now between the pentagon and me, a split screen of chaos in kabul with the president speaking that's not what they would most desire >> that's liright. you want to be careful and

you're putting the president out for scripted remarks the country will want to hear from the president it's his job now to explain to the american people what we accomplished and didn't accomplish in afghanistan and what it all means now. he's a president who was very determined to end this war and by some reports, push past some of the objection of people on his team in order to get to an outcome in which u.s. troops were out of afghanistan. the thinking inside the administration was that the united states would be able to leave afghanistan and have some sort of afghan government and military that we had trained in place. that was perhaps impossible from the get go and it gives you the sense that the white house, the pentagon, state department, all of those officials sort of believed that what we had done in standing up an afghan government and military over 20 years had been effective to some degree and it turns out it just wasn't,

shep >> but we now know that leaders of provinces have been approached by the taliban over a period of week, months, and even years and agreements had been made payments had been delivered, we're led to believe, such that rather than a fight happening, the provincial governments would walk away and hand over each of those provinces. then there was the question, would that happen in kandahar? in sharif? then when it did, there were many questions and a lot of sources were saying look, this is exactly what's going to happen in kabul. and yet the united states, in the end, we did bring in the 82nd airborne, but there will be a lot of questions to answer about what they knew and when they knew it and how it's possible provincial governments made agreements. and many cases, hand over their arms, the vehicles, the weapons the united states had provided

as jennifer griffin said in a report from the pentagon the other day, that we have flooded, the united states has flooded afghanistan with weapons very high quality, high caliber weapons, which are now in the hands, you hope, i guess now, of the terrorist organization called the taliban rather than in the more brutal terrorist organization called isis k and there are other questions to be answered about the 250 americans whom nbc news is reporting still would like to get out of afghanistan but have not been able to do so. we certainly all get it. that there was an attack that killed 13 u.s. service members and some 180 or so afghans along the gate there we understand that happened and that set things back, but the flight ops continued after that. the numbers were extraordinary given what had happened. then after the missile strikes, the two headed toward the kabul airport itself, after that, if

there were any more americans who were able to evacuate, we don't know about them. the reason i say that is yesterday at just about this time or maybe an hour earlier, we were led to believe by the state department that there was some had reached out to the state department and other u.s. officials and said we would like to get out of acfghanistan we want to get to the kabul airport and get on a plane out of afghanistan send us somewhere. that was 250 yesterday today in the briefs, we were told there were 250 americans who wanted to get out of afghanistan. what happens with those 250 americans? and aside from that, the united states makes agreements with helpers, fixers, facilitators, translators, interpreters and others on the ground, afghan civilians who had worked with us and have targets on their backs, tens of thousands of them have been left behind who have been made a promise by the united states a promise that's not been kept we no longer have troops on the

ground we no longer have control of the airport. we're led to believe we won't have diplomatic relations on the ground and yet, there are tens of thousands of afghans and 250 or so americans who want to get out. what happens now with all of them we've been given a tick-tock of what to expect from blinken. a state department official, remarks should focus on how the united states' commitment does not end here iraqs remarks that this is our commitment to american citizens to at-risk afghans that will endure well past august 31st or september 1st or any date certain it will be an enduring commitment and the secretary of state in his remarks will lay out how we can operationalize and how we will be able to operationalize the enduring commitment together with our allies and partners.

a commitment to get them out and provide them safety in a place where we have no troops and no diplomats and presumably no nothing else the airport is now uncontrolled. the faa has said there's no one there and yet we're supposed to be able to provide some degree of security. one could hope that the taliban will keep their commitments. again, relying on a terrorist organization's word. hoping that the taliban will keep their commitments based on what they need and what we need. the taliban have needs the united states have needs through mutual interests that we'll be able to provide those but if you're isis k, and you find it difficult to attack the united states, they weren't able to do so with a vehicle born ied, which the united states we're told blew up, or with the

missile strikes which the united states neutralized, but if isis k were to be able to find out some of these americans who wanted out, and just by the way of example, take them and make them an example to the united states in some way, there's just a lot of peril baked into this and i'm not sure that there won't be any, there won't be much of a u.s. journalist presence in there for sure there will be some in my experience with the our united states public is we now have a big storm here and we have infrastructure times 1,000 and you know, often we look away and you wonder how much safety there will be for those people and how much blame the united states could get for whatever happens to them. >> the idea of isis k getting its hands on american citizens in afghanistan is a nightmare scenario for the biden administration and that's one reason why they want to be really careful about what they're saying here even as they

continue behind the scenes to try to maneuver those people out through methods other than the kabul airport. but your point about how quickly the dominos fell here is i think right on the money and i was talking with mark, a former cia para military who did a number of years in afghanistan, fighting the taliban and su studying the taliban and he told me something interesting this idea of deals, money changing hands and opposed sides talks to each other while engaged in combat, as brutal as that has been, he said there's sort of an afghan tradition. he said this is a country that's had warfare for nearly constantly a century a country where it has had several different governments and civil wars over the past just 40 or 50 years and he said that at the point at which it becomes clear which side is going to take power, the folks on the other side simply change jerseys. they change sides and money can

help with that conversations can help with that, but there's a point at which people in afghanistan decide, you know what, this side that we've been fighting for is done for and we're going to switch and this idea of sort of mass surrenders has happened time and again in afghan history, which i did not know the history of that militarily as well as somebody in the cia who's been studying it who said that this is almost what he expected to happen at the end was that it would collapse almost entirely and almost immediately and the reason is because once that conclusion psychologically is made on the part of the losing side, the effort is for naught now. they just pack up their rifling and go home and that's happened again and again throughout afghan history >> eamon, stay with us one man who's studied this for a very long time and it is his area of expertise is michael o'hanlon from the brookings institution. michael, the history is well

documented of exactly this happening. time and time again in afghanistan. it seems really hard to believe that nobody thought, i bet it all just crumbles and then we're going to have a mess on our hands. >> well, i'm not going to claim that i predicted that. i thought the cia was in the right ballpark i thought the cia wassaying probably months. be honest with you, i thought there was a scenario that was prolonged civil war where parts of the government and the taj ethnic group, which is largely in the northeast of the country, would essentially reconsolidate in that sector and maybe even drive -- the group from which the taliban get its recruits and you could see a soft partitioning of the country. the main thing is, i thought it was pretty clear, we lost control of influencing any of these scenarios once we decided in pral april to pull out.

to me, that's the fundamental story and mismanaging that tactic in august is a relatively minor deal compared to the big decision to get out because while we were there, we had the ability to hold some of these pieces of this together. but once we left and left fast, you know i mean, it may seem funny to say after 20 years we're leaving fast, but when you announce in april you're going to leave. nobody that thought likely, and you're out by august, that's fast it does not give the afghans time to develop a back-up plan to develop a sense of confidence and so they do exactly what you were just discussing with the previous guest and they decided, you know, the game's over and so why die for a losing cause i think afghans are very pragmatic in that sense. but it wasn't obvious to me that this was a inevitable scenario i thought there were three or four possible scenarios with this being just one. >> what's the most important thing that the united states

must do now, michael >> i think trying to influence the taliban on its behavior. one thing we can do is is try to get eyes and ears on the ground. a colleague of mind at georgetown has just written an op-ed saying let's see if we can persuade those who lead an opposition of muslim countries troops from countries, not the united states, not nato, but countries the taliban could live with on their territory to observe. we can insist on some of those basic standards and i think we can offer diplomatic recognition eventually we can allow the taliban to access afghan government money

in foreign banks we can offer covid relief and food relief. humanitarian aid and we can have a relationship with the taliban that's not close. not warm and fuzzy, but still much better than the alternative. i think that's where we've got to direct our efforts. >> thanks so much. fast approaching 5:30 on the east coast 2:00 a.m. on a tuesday morning august 31st in afghanistan when blinken comes to the microphone, we'll have live coverage here on cnbc that was supposed to happen 30 mi minutes ago. we have no reportable guidance on when he will speak. for now, to brian sullivan and a special edition of "fast money." brian? >> thank you very much some good questions about what happens to the couple hundred americans or american allies that wanted to get out that were unable and as shep said, we are still waiting for secretary of state antony blinken to make a

statement. we will go back to the state department when or if that does happen but until then, let's get to "fast money. as much time as we have left our traderlineup -- it was another record day on wall street s&p and nasdaq closing at all time highs guy, it is so odd sometimes to be in this business because on one hand, we're watching the disas disaster in afghanistan as the last u.s. troops leave we've got a disaster in

louisiana with the storm and yet the markets shrug it off and move higher. >> that's been the case for quite some time. we try not to mix in politics and we're very careful in our language we understand you use the word ho heartbreak, and the devastation to our fellow citizens, but we're tasked to figure out what the market's up to and to a certain extent, we do a decent job and some nights, not so well as we got the month in, the money continues to flow in a market that's impervious to any bad news and the beat goes on september historically, an odd month. we'll see. but until then, there's no reason to try to fade this thing. tim, would you agree >> i gret concerned with the vi at 16.

jackson hole more fed equals more volatility. i think we've had a lot of reasons to at least throw as guy refers to the passive, you know, asset flows. look at the move in apple today. 3% move. look at the move in amazon some of the megacap tech names are places though you had a rally today that gave you some sense of yes, the markets are at all-time highs, but if you look at transports, value industrial and places where you are really relying on growth and a fed standing out of the way longer and those are sectors that continue to be under a bit of trouble. i know we've had this rotation back and forth, but as we look towards september, that's really where i think the jury is out because the day when the biggest companies in the world by far controlled today's market flow, most of the market was flat or down >> it was. that's an amazing point that he's making about apple.

you don't see 3% days on the world's biggest company with really no, i mean, we could talk about the iphone 17 or whatever is next. do you see any sign that this incredible money flow into the biggest of the big companies is going to slow down anytime soon? >> yeah, i think tim just kind of mentioned it. it really does have a lot to do with rates and growth expectations we saw this in q1 of this year when rates were much lower and we saw a rotation, a more sensitive names. we've seen it back and forth rates down you go into these growth names because you have a graut fair and then when rates go higher, you want to be in more sensitive names. it just broke out. there were a piece of fundamental news when i see this sort of price action, to me, it seems defensive. i tried to make a case why i

thought stocks might go lower. it's been a week and a half ago on the same show that tom came on and said we are about to have a melt up and everything rallied. i tried to fade that if you look at the nasdaq 100. look at this chart going back nearly a nearfrom the septembe 2020 high. the only thing i'll tell you is that from that high, the nasdaq dropped about 14% in a straight line in september. the last time it got back up to that trend line, it dropped about 13%. where did we stop today? maybe only because the market closed, but as carter would say, to the penny of that trend line. maybe september is going to be ugly here in the markets maybe expectations have gotten high in the plowing into these major defensive tech names is probably not that bullish right here >> yeah. bk, you look at the worst performing stocks in the s&p 500. they kind of have something in common it was capital one, discovery.

basically credit cards airlines delta, united. phil lebeau said we're seeing a slowdown in the plane tickets being bought and the cruise lines it appears that the bad performers today are the people that are still scared about the economy going forward and maybe what that says about september >> yeah. i think that's right i mean, look at the signal from the market, right? what do investors want to buy? idiosyncratic growth that tells you the implication of that is there's not going to be the economic growth that we thought there was going to be and it looks like we have this reopening burst where everybody who hasn't traveled for a year, hasn't flown for a year, they did it all now it's over. look at airline prices as you go into september and october those are rolling over it's a lot cheaper to fly. you can find a seat. airlines cutting capacity. they're not seeing that demand so we're in this low to slow growth environment the bond market told you that. the yields went down today

we're seeing an uptick in inflation but what investors want for now is the nasdaq stocks idiosyncratic growth. to me, it feels very frothy, but feels like it's going to be a meltdown every strategist that i'm reading and talking to is saying we're going to melt up, but something will go wrong in september or october it seems the past of least resistance is this scary meltdown >> well, the shoutout from dan susanna was correct. everything rallied up 3%. dog days coming up, we are all over zoom's big afterhours move they blew away earnings. the stock getting blown away down 11. 5%. why? we'll talk about it, next.

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join for free on the xfinity app and watch all the rewards float in. our thanks. your rewards. welcome back to "fast money. we have got an earnings alert on zoom shares, they are tanking down 12% after the numbers, which on the surface, look pretty good. kate rooney, what's going on with zoom? >> hey, brian.

zoom shares are down as you said, double digits. it was a mixed picture on guidance but investors are really focused on growth at zoom the top and bottom line seemed good better than expected for the second quarter revenue and eps both beating the street's expectations. eps was a beat by 20 cents investors though really are homing in on the growth slowdown for enterprise customers that contributed more than $100,000 in revenue the quarter over quarter growth rate dropped from about 27% from the fourth quarter to about half of that in the most recent quarter. and for businesses with more than ten employees, the growth rate dropped by about six percentage points. grew at just 1.6% in the most recent quarter the call kicking off at the top of the hour. the ceo sort of joking about charlie munger of berkshire hat hathaway mentioned those remarks about how much convenience zoom has added to his life.

he's offering to be munger's tech support if he needs it. on a more serious note, sort of highlighting the apps within zoom he said there's more than 50 apps in the zoom meeting experience he also said that added to the rev revenue beat this is a pattern. the fourth straight quarter the stock has been down following an earnings beat and zoom has yet to miss an estimate. it's beat every quarter since listing as a public company and this was its tenth quarterly report zoom cfo joining squawk box in the morning. tune in. you won't want to miss it. back to you. >> all right thank you very much. stock down nearly 12%. guys, let's trade this wall street behind the curve got a $415 average median price target 65 or 75 bucks above where the stock is now some analysts are closer to 500

bucks. your take on zoom, its numbers and where it might be headed >> i don't know if that is that surprising there's been a lot of competition in the space, too, and i know those enterprise customers and declining growth rate is a concern. this is probably a mid 20% revenue grower even after these expectations come down trading about 73 times next year earnings in about 22 times sales, $100 billion market cap, it's hard to justify last week, we spent a lot of time talking about salesforce and the closing acquisition of slack. this is a company, yes, they're going to need to talk about all of these apps within their platform and build it out. probably going to have to use that currency to make some acquisitions there's probably evaluations where it's settles down not too far from here that i think a lot of institutional investors are

going to get back involved >> we're going to find that stock well off the highs coming up, the reddit trade is at it again. this time on venco ventures. that has options traders piling into the name. sales are down from last quarter but we are hoping things will pick up by q3. yeah...uh... doug? sorry about that. umm... what...its...um... you alright? [sigh] [ding] never settle with power e*trade. it has powerful, easy-to-use tools to help you find opportunities, 24/7 support when you need answers plus some of the lowest options and futures contract prices around. don't get mad. get e*trade and start trading today.

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can your internet do that? welcome back to fast paypal popping today on news that you heard here first on cnbc sources telling kate rooney paypal is getting into the stock trading business reportedly holding talks with potential partners in the brokerage industry they finished nearly 4% higher on the news. shortly after kate broke that news, you had a headline that the sec is poking around and banning the idea of payment for order flow i mean, to me, that would makes paypal's plans doa and make robinhood hurting. >> i marean, yes, if that actuay came through i'm assuming that is probably a lot of just kind of saber rattling right now or a trial balloon to see what that is. but wall street has a pretty

powerful lobby i would be surprised if payment for order flow was completely banned it might change a bit. you know, for me, when i look at paypal today, i was a little surprised. robinhood going down made sense to me. what didn't make sense was coinbase not going down because paypal is trying to be a coinbase, a robinhood and charles schwab all together and maybe even a square. so i would think it would put pressure on a lot of those other ones i think it's a really good announcement for paypal. >> guy, would you agree? the market loved it, but does that mean it's going to happen paypal as a trading platform >> why not jamie dimon, back this january, he made a comment that we should, the banks, should be scared blankless in terms of what's coming in fintech he followed up with that in april. jpmorgan's probably the best suited with taking these guys and gals on.

i think you do stay with palpal here for a myriad of reasons i think the stock has a real chance to test the prior high we made a few months ago at 308 or there abouts >> ebay's market cap is now an eighth of paypal i think we're the only five people in america not starting up a fintech actually, some of you guys might have already done that you just wonder how crowded that space is going to be >> actually, brian, i've got a big announcement to make on the show tonight just kidding i do think that the story here for paypal is something that by the way, on their second quarter numbers, ebay is trying to roll off faster dan schuleman made a point to say we expect our, you know,

super app, which is going to have a lot more than the ability just to trade crypto currencies, so they're already kind of in this game, but they want to add a lot more of a value proposition because they don't want people just to be spending their money and parking their money on paypal. they want them to be making money and they've made this very clear. so the question comes down to, for paypal, is it, what's the price you're paying for this i think before this type of a news announcement, analysts are comfortable, you know, anywhere from 40 to 50 to 60 times on paypal and when you think about their growing 30 to 35% in those numbers annually and their volume growth was up 50%, that's why they're getting this multiple i don't think the sec, good news for the sec. getting out there, very focused on transparency and these dark pools and the dynamics there are something to be spending time on i don't think that necessarily

puts a death nail on all the people that talk about this kind of a business this any way >> you know what, i just thought of it, tim we're going to start an app that has transparency and financials. we're going to call it seemore s-e-e-m-o-r-e. >> like it reverse spac $2 million valuation. coming up, reddit traders setting their sights on a new name and that has options traders plugging in as well. it's a name you probably have never heard of who is vcoen ventures? you'll see more of that right after this rd debt. i needed just one simple way to pay it all off. it was an easy decision to apply with sofi loans, just based on the interest rate and how much i would be saving. there was only one that stood out and one that actually made sense and that was sofi personal loans. it felt so freeing. i felt like i was finally out of this neverending trap of interest and payments and debt. ♪♪

check out media acquisition company, vinco ventures. bbig it is soaring. the latest chapter of the reddit trading crowd facing off against institutional sellers perhaps. spilled over into the options market as well 33%. the stock soared what happened to the options >> yeah, so the options, which were actually already quite active ahead of today, traded 11 times their average daily

volume almost 790,000 contracts traded over all that would place it third in terms of the most active single stocks traded all day and the most active options traded were the 7.5 and 11 strike calls that expire in november over 82,000 of those traded for just under 1.90. meaning that traders were risking more than the stock actually cost in january to bet that the stock could rise another 80% by two weeks from friday so some pretty crazy volume that we're seeing >> certainly is. thank you very much. as always, of course, tune in to options action every friday, 5:30 eastern time. it is already time for our final trade. let's go around the horn tim, why don't you kick it off >> yeah, look at that lows breaking out and i think if you look at the second quarter numbers, the margin expansion and their competition with home depot, they're looking better. like the stock here, like the

sector >> all right like it. bk >> yeah. anything related to cybersecurity has been on absolutely fire. i think cyber arm still has some room cybr >> dan nathan. >> yeah, so this zoom, if it breaks 300 heading towards those may lows, 275, 280, that's probably where you want to pick this thing up. let it breathe a little bit. go there >> guy, your yankees are red hot. what stock do you think might be red hot? >> yankees are red hot, lost two to oakland, that's okay. i'm not giving any thumbs down to some of the things we talked about. give a big thumbs up to the nasdaq, which continues to grind higher and the aq, brian. >> nasdaq. we know it guys, thank you very much. all right, that does it for this "fast money" hour, but don't go anywhere because we have a special edition of "fast money" that begins right after this

break and we are awaiting, as we said, a live press conference from u.s. secretary of state blinken about the last plane leaving afghanistan. all that is next ♪ ♪ ♪ ♪ ♪ i work for waste management, been there 5 years. we take pride in doing our job. we're so fortunate to have somebody like billy in our community. you looking good, like that hair, you got it down.

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good evening you're looking live at the u.s. state department where any moment, we are expecting the secretary of state to come out and speak about the end of america's longest war. the last c-17 leaving afghanistan this afternoon, but not every american or american ally was able to leave the country before that final flight took off let's get now to sheppard smith. >> brian, thanks very much we've just gotten a statement from president biden and he has said he will address the nation tomorrow on this matter and others he says that he has task the secretary of state with coordinating with our partner nations to ensure that every american and every afghan who wants to leave afghanistan be allowed to leave afghanistan third, the president said that the world will hold the taliban