who loves sneakers he said their hard to get. >> great story thanks for sitting in today. and as well tomorrow which we look forward to. on the other note, tomorrow we have an interview with the bank of america chairman and ceo briyan moynihan we're out of time. thanks for watching, "fast money" is now. live from the nasdaq site overlooking times square, this is "fast money." i'm melissa lee. tonight guy, karen, dan and tim will join us tonight on "fast," 12 days until santa arrives. will we see a miracle before the big day. plus break out your passport, the chart master sees a world of opportunity in this beat ep down trade. the one place carter worth said it is time to bet on and later "time" magazine naming

elon musk as person of the year. but who our traders think should have taken the clown and the clock ticking toward one of the most critical fed meetings in years. just over one day and 20 hours until we learn how aggressive po policymakers will be in high stakes meeting and we say high stakes because banks are saying they expect the fed to double the pace of taper which, i mean, the markets probably won't like. >> you say high stakes, mel, i say high and welcome back. we miss you. we had a bunch of substitute teachers in last week. listen, yes, it is an important meeting. absolutely i think what they have going for them, they being the fed, is they couldn't have been more -- probably most hawkish we've heard them in the last maybe decade over the last couple of weeks. so i'm hard-pressed to believe that they'll be more hawkish

than they've been but that is good for the market. but is it important meeting, absolutely license to james gorman and he said a number of things to wolff, that they should start hiking sooner rather than laterond oh, by the way, they should do what is best for the economy and not be such a slave to the market. that i'm paraphrasing. >> so if the fed actually does that, isn't that bad for the markets, tim >> i think so. and i think volatility is way too low considering the amount of fed i think central banks around the world are in different places but they're all leaning in one direction other than the emerging market central banks have been aggressively hiking rates for months seemingly in mexico, russia and brazil but i think the fed which -- credibility wise we've questioned the word transitory for a long time but it is

amazing how quickly that about-face turned and to the extent that i think markets are very concerned, look at ten-year and the two-year it tells you, we got up to 73 intraday on friday and we're off of that today. but a major rally in the ten-year meaning bond yields went lower and the sense is that the fed has to move aggressively and it will be bad for the economy. and at this point, i think if you think about inflation that a lot of people really have never experienced before, some parts tv krnt going to change overnight. commodity and the supply chain disruptions i think there is major relief from and that will come from a slower economy that eventually will come if the fed has to move too quickly,. >> are the risks to the upside or the downside karen, in your view of the meeting. >> i think probably to the down side i think today was a combination of omicron, which you could say maybe it is more mild, but it is certainly more transmissible, but if you look at companies announcing you don't need to

come into work and hotels and airlines slowing down a little bit and so i think that was part of what weighed on today i think the rest is the fed. i they've done an outstanding job of telegraphing, i think the most likely outcome is an increase taper by as much as twice as fast. and i think that it doesn't matter how bad this variant is, i think they're on the path and they have to stay on this path but i also think that is probably a negative for market this can't be the only pullback to the fed turning around from highly accommodative, which they still have, right. obviously it is a very accommodative position but just no longer actively easing, they're turning the other way. so i think there is still more downside from that but for me when i look at what happened with the variant and what happened with the fed, i want to be in low p.e. stocks and i want to be in out of high

flyers and i think we saw that today and we saw the meme stocks sort of come undone which is interesting and adds to the sort of retail selling. i think that be gets more selling so i want to be in the old, boring, right, that is where i want to be and i want to be in banks which i'm in, it will be maybe painful if the market is down but the low p.e. and i think the curve ultimately will steepen. that is how i'm positioned for both the variant and more of the fed. >> do you stick a fork in the high flyers names, dan that trade is over officially with the fed >> well, i think the trade to the downside is probably getting very close to over and is t ends at some point next year at some point there is no one left to sell peloton or zoom the question to one of the panelists is, is it a problem for the stock market in particular, if you see the fed

get more hawkish and i would say, oh, of course it is look at what has happened in the russell 2000 and small caps. they're down 11 1/2 percent in a few weeks from an all-time high after it broke out, it finally confirmed, all of the new highs, we have 67 of this this year in the s&p 500. that is the most in decades if you exclude 1995 here. so there is an over exuberance in some of the kind of -- the very names that i think karen is talking about, right it is the low p.e. growth names that is apple, microsoft, it is google, and could make the argument that even where rates are right here, they're not particularly cheap and dangerous if you consider about how much money is concentrated in them when you consider the weakness in small caps. you could consider the weakness in some of the high growth high valuation names, in spacs, in ipos, in meme stocks something is coming undone here. and it is been coming undone for months and there is one last shoe to drop and don't think

that this tesla closing below 1,000 for the first time in a long time is not going to be one of the last battles fought here. so we are trotting out to the battlefield and i think the stuff has that been killed for the better part of the last six months does okay on a relative basis to everything everybody has been hiding in the stock market. >> one of the problem is that a lot morehouse holds and individuals are invested in the stock market wells fargo had a interesting stat out, chris harvey wrote that as of september 30th, 24% of household assets are in equities which is the highest reading going way, way back, if not a record and so the trick for the fed is, can the fed actually prick the inflation bubble, the price inflation bubble, the consumer price inflation bubble that we're in without pricking an asset bubble, because the consumers feeling the pain from

inflation but will feel the pain from assets going down, asset deflation, if that happens, guy? >> absolutely. and that is part of -- one of my concerns for a while what effectively they've done, they being the federal reserve, and this is just my opinion, but i think whether intentional or not, they forced people out the risk curve and now people are probably farther out on a risk curve than they've ever been and due to inflation i think a lot of people tried to find the other side of that, a way to help that or sort of take the other side of that pain and in the equity market. so unfortunately i think people got into the names that dan was talking about at the exact wrong time to answer your question, that is the trick. are they able to navigate that and thread that needle i don't think so and karen nailed it, they've done a remarkable job up until now. >> for more on what to expect from the fed, let's bring in reporter steve liesman steve, we called at the top of the show on the most important

fed meetings and we saw that a lot about fed meeting and we don't mean that about all of them but this one is important, this one in particular because of what the fed can and may say about the pace of taper and what this means for the markets >> yeah, and i think it is more than that, melissa when i say it is most important meeting, i mean it all of the time i don't make it up it is one of those things. whatever i'm working on is the most important thing ever. so i think it is not just the pace of taper. i think the $30 billion taper is fairly well baked into the market, melissa. i think the more interesting wild card question is the pace of rate hikes at the fed itself dialing in to the strategic -- sorry economic projections that come out on wednesday as well. how many hikes do we see in 2022, how many hikes in 20 and how far is it going in terms of hitting the neutral rate and i

think there even a more important question which is given what is happening with the inflation, will the fed have to sort of pull a volker and raise rates above the newtal rate in order to slow the economy and combat inflation that is a longer way down the road but we ask that question, there is the hype probabilities right now. coup see what is more or less built in pretty much by may or june you get your first hike and pretty much by september you get your second hike and then the markets kind of arguing over whether or not it could slip in the third hike next december, 2022 but we ask this question, melissa, of our response to our fed survey and we said hey will the fed have to raise rates above the neutral rate and slow the economy and theresy debate 45% say yes and 48% say no so that is down the road in terms of will the fed have to slow the economy. >> so what is consensus on the street as far as the expectatio

for rate cuts. i think bank of america is 8 by the end of 2024 and barkleys is 9 by the end of 2024 so how much faster the anticipation is at this point on wall street? >> well, i could tell you real quickly, december was, back in september, then december was the first rate hike and now it is june so that is six months earlier to begin with and we have three built in next year and three the year after that so we get to 150 by 2023. ultimately we get to 2.5 or 2.3 by 2024. so there is a long way to go but i want to throw out one idea which is that even while the fed is raising rates and stopping qe, it is still going to have a $9 trillion balance sheet. the idea is the fed is not -- there is no consensus they will let the balance sheet run off so that will be a support for the months and years ahead if it doesn't reduce the balance

sheet. there is something that the stock of what the fed holds has a powerful effect on markets and rates in addition to the flow into it which is going to stop when they end qe in march. >> i get that in theory and tim i'll go to you on this, it is really -- markets care about the hikes at this point. they don't want to intellectually know that the balance sheet is still supportive of equities they want to know that but that is not going to change the direction of the trade if the fed going to say they're going to hike faster. >> no, i think that is right and again, i think the market is not prepared for a fed that is going to hike faster i think steve may be right on where they managed expectations on the taper the question is ultimately though, i think at some point investors could start to really question whether the fed has been accurate all along so we generally applauded the fed here, but how could they have gone from being, you know, so unaware or so indifferentor

ambivalent about inflation to where they sit toward with record inflation or 42-year inflation. that doesn't add up. this didn't just happen. we've been talking about this for a long time. so at some point i think the market gets concerned and if you think about where we were in december of 2018 and i don't want to be alarmist, but the market lost all sense that the fed was really acting in a world where the skies were blue. and in that sense, in some sense it was the fed moving too quickly again. so at some point the fed being behind the curve means they'll have to move too quickly again soon and that is what i'm worried about. and i think a market this far ahead and dan pointed out the damage below the surface, i'm worried about that we haven't seen this and this is my idea, apple is at all-time highs s&p is just off of all-time highs. so i think credibility with the fed, maybe that is the wrong word, but the federal reserve, how could there be such a mismatch, the greatest mismatch

between where central bank policy is right now and the strength of the economy. i think the market is going to be worried about that. >> steve, it is karen, let me jump in on that credibility question for a second. go ahead, i'm sorry. >> no, i'm interested in your question i'll get a comment later >> okay. so the credibility question. now that they've made this very, you know, powell has been very forthright on what they intend to do and back this up, what if anything could throw them off this path, or do they just have -- their credibility at stake, doesn't matter what the jobs number is or the virus does, they have to go forward. >> look, it all depends upon what kind of fed you want. do you want a fed that knows everything is going to happen and sticks to its guns no matter what or one that changes on a dime i think you could write the same story about powell and come to two different conclusions. one is that he missed it, he messed up and the other is that he's a guy that shows when the

facts change, he changes his mind i was going to point out to tim that we started the year at 1.68 as of february 1.7% inflation so this recent rise, tim, is relatively new and it happened while the fed was still trying to figure out that -- whether or not biden was going to pass this new fiscal stimulus thing so yeah, the fed is late, but not crazy late and in answer to's question, what could change the dynamic here, look, if all of this talk about the fed creates -- has an effect on inflation, has an effect on the market helping to break the inflation and the open mouth operation works, then you could get into a situation back in june where inflation is begin to come down which is the forecast of a lot of people and the fed won't have to do as much because it is going to do more little bit earlier. >> steve liesman, thank you.

i think the horse is out of the barn so to speak, guy. when it comes to the market believing powell and inflation and his forecast, i think -- this is just -- i'm coming back and i'm going to say an opinion. i think the markets already think that powell got that wrong. that the use of the word transi transitory wrong and showed that he misforecasted how long and how sticky this could be. >> fascinating to karen's point, did they retire transitory and ring the bell in terms of retiring transitory are we going to start to see the numbers go the other way that speaks to karen's credibility question and it is worth mentioning, but something that we call tips, the treasury inflation protected securities, that easy for me to say, 30 year yields have never been lower as negative as they've probably ever been which we should talk about more and it

goes to tim's point about them being so far behind the curve. again just my opinion. >> coming up arks the xrt dropping as supply chain issues weigh on the industry. we'll breaking down the move and kathy woods seeing huge outflows, fund off 40% on the february highs so the worst over we're diving io ntthat trade next don't go anywhere. much more "fast" right after this increased spin rate, any pass with a launch angle of at least 43 degrees puts sanchez in the endzone. you a data analyst or something? an investor in invesco qqq. a fund that gives you access to nasdaq-100 innovations like ai statistical analysis software. how am i gonna do? become an agent of innovation with invesco qqq. ♪♪

firefighter maggie gronewald knows how to handle dry weather... ...and dry, cracked skin. new gold bond advanced healing ointment. restore healthy skin, with no sticky feeling. gold bond. champion your skin. you're a one-man stitchwork master. but your staffing plan needs to go up a size. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire

hey, angie! you forgot your phone! matchey lou! angie forgettion. her phone again? yep. lou! mom said she could save up to $400 on her wireless bill by switching to xfinity internet and mobile. with nationwide 5g at no extra cost. and lou! on the most reliable network, lou! smart kid, bill. oh oh so true. and now, the moon christmas special. gotta go! take the savings challenge at xfinitymobile.com/mysavings or visit an xfinity store to learn how our switch squad makes switching fast and easy this holiday season.

welcome back to "fast money. check out ark invest flagship dropping more than 2% to kick off of the week after today's losses the fund is now down more than 40% from its february highs. and according to the nasdaq, it's seen more than $96 million worth of outflows in the last week check out the performance of the some of the funds top ten holdings teledoc, down nearly 70%, zoom down 57%, roku down 53%, and exact science is down 50%, twilio down 40%. the list goes on and on. a lot of things have to go right to get back on track any of the names, though, worth watching, tim? >> well, it is interesting because tesla is the largest position in there and i think it is almost been the bedrock and

dan talked about maybe that is the last battle fought but interesting. that is been defensive on a relative basis i like coin base here. and it is had this massive round trip and from 240, 230, 220, to 360, some of this in line with the move in crypto prices and i think on the way up we noted that it had lagged some of that bigger rally but i think, look, a handful of these stocks are the poster children for where we've questioned where high multiple stocks could be in a post covid world. i think there is a ton of momentum associated with the stocks but with this etf and in the environment that we've had, again, this is not a move that we've seen overnight but again of those names, coin base is number two positioned and i like that trade. >> dan, do you think we see some sort of bottoming process for some of these names in the next month or two >> yeah, i think a lot of ones down 40%, 50%, 60%, you're going

to see some kind of hate selling into year end and then outperformance early in 2022 and there are plenty of names in the portfolio that are great names to bet on long-term. my take on kathy wood is simple, she has the wrong vehicle for her time horizon and for the way she wants to manage risk and you could go back to the financial crisis and you could look at ken griffin, one of the most successful hedge fund managers ever, he was down 55% in 2008. so bill ackman of pershing square have had horrible years but the investors stuck with them the problem with her etf is that she has to rebalance it continually. and when you look at the largest holding in that ark etf, which is tesla, which is up 36% on the year or so, she's probably up less than that in it because all of the rebalancing and everything that she has to do with it. so that is kind of my take there. but i'll just say, names like shopify, great company bad valuation. she's probably right on it

long-term. >> let's get to mike khouw and see what is going on with the ark options. mike >> so we saw ark put out trading calls by about 3 to 1 and the top contracts were all short dates puts the most active were december 94 puts expiring at the end of the week trading tor about $1.22 and under 10,000 for $2.60 a contract buyers of those are putting that ark will continue to see weakness through the end of the week targeting a move of 5% or more to the down side. but i should say that etfs will see more puts trading than calls unlike single stock equities and the reason is that a lot of investors like to use etf to hedge their portfolio exposure. >> thank you for more "options action" tune in friday at 5:30. last question and i'll pose it to karen no music yet, please last question i'll pose to

question forced cho choose for a three month trade and i know that is not your style, but for a three month trade, long or short ark >> well i'm short igv so i would say short. they are highly correlated >> okay. guy, how about you >> i love the fact that you told them to stop playing the music i mean, it is like the academy awards here on monday night. >> i'm bossy now go ahead >> well, now i would say this -- exactly. keith jackson would say the rose bowl was the granddaddy of them all but in terms of etf, tesla is the granddaddy of that etf. and you give up that prior all-time high around $900 back in february, then katie bar the door so i'm with k fine. >> so to be super bossy, now let's have music here is what is coming up next

>> announcer: is china's come back on the horizon? the chart master thinks so and said it is time to go long he's breaking down the key levels next. plus we're driving into rivian as the ev makers captures motor trend truck of the year. so fasten those seat belts, we're charging up for that trade. you're watching "fast money," live from the nasdaq market site in times square. 'rba rhtft ts. ♪ ♪ ♪ ♪ ♪

♪♪ in boxing or any other business, one day, you're gonna take a hit you didn't see coming. do you stay down? or do you get up? [announcer] and this fight is a long way from over, leonard is coming back. ♪♪ ♪♪

welcome back to "fast money. retailers getting whacked with just 12 days to go until christmas. check out the retail etf sinking

more than 3% today department store stocks getting hard macy's, kohl's, nordstrom and shares of gap and berlington ending in the red. karen, what do you make of this wreck? >> i think pretty overdone i know there is a lot of things that you could point to, the consumer has less money and that the variant is going to cause people not to as much and supply chain, if you look at that move in the xrt, not very long, two weeks it has gotten crushed. so that is interesting i would say it is interesting when things start trading down in integers. this is my biggest retail and home depot and lowe's which is housing detail but i bought in some footlocker last week and today. it is crazy cheap. i know the big bear story is nike is one giant supplier, but it is ridiculously cheap

and at three times ebidta, it is ridiculous so i'm happy to buy some of those. i haven't bought more target i think i will because i think even in a slower christmas, if we get that, then from where we are now, they'll still do well, the stock is not expensive and walmart and i know tim has been on the walmart outperforming target now, so that is working but i have much bigger target than walt walmart. i like retail. >> tim, we're getting question on twitter about macy's. high of about 37, now trading at about 25 what do you think of it here >> i like it i have some december 17 positions, somewhere in the money. but barely at it point traded out of most of them so technically i'm long although they are almost worth nothing. i think their worth the price of the stock, i should say. you have a case here where i think the valuation is very interesting. they weren't helped by

nordstroms print or about some of kohl's prints and i think where people look at the department store space and these are businesses that at least were broken structurally and the same thing with the gap. these are stories that have run, 200%, off the bottoms, whether they have a life ahead of tem and outside of a brand and retail footprint that had to shrink and so if you look at xrt, member when the r in xrt was reddit and i think if you look at the pain going on in some of the names, some of that is bleeding into the etf and then getting back to the high quality names like target and walmart and home depot and lowe's, as karen pointed out, these are stories that have had such an enormous run walmart no, but the others yes it is not necessarily a change in character i don't think the health of the

consumer, let's be clear, has not changed at all in the last two months with or without these inflation prints so i think that is a head fake i don't think you should be saying that it is a function of where retail is going in the short-term >> i feel like there is a have at it in dan that is going to come out in this conversation. if you want to trade these stocks, have at it i don't know dan, i don't want to put words in your mouth. >> go ahead, mel, you're being bossy tonight so i'll say what ever you want me to say. and i know tim likes dick's here it is down and round trip a move over the last four months that looked extraordinary and there was insider buying at the company last week. look at the breakdown. i think the story very quickly in retails was just how heavily promotional they had to be and i don't agree with tim that the consumer is in the same spot that it was two months ago so to me, i think that consumers are -- retailers started to pull

forward a lot of demand, very early this season, the discounting has been extraordinary, i think it gets worse into january i don't think this is a place you want to be in q1 of 2022. >> coming up, is the china comeback upon us the chart master is making his case to go long. he'll break down the call. plus all green lights are rivian as the ev maker wins motor trend truck of the year. is there a new ev king in town we'll ask the trads jerinust a few. much more "fast money" right after this as an independent financial advisor, i stand by these promises:

i promise to be a careful steward of the things that matter to you most. i promise to bring you advice that fits your values. i promise our relationship will be one of trust and transparency. as a fiduciary, i promise to put your interests first, always. charles schwab is proud to support the independent financial advisors who are passionately dedicated to helping people achieve their financial goals. visit findyourindependentadvisor.com

(soft music) hey dad, i'm about to leave. don't forget your hat . good morning. how can i help? i need help connecting with my students. behind every last minute save, ok, that works. and holiday surprise, thank you! a customer service rep is working unseen, making it happen. and at genesys, we're proud to help them help you everyday.

welcome back to "fast money. we're taking a trip to china the fxi china large cap etf fell a% percent and a half bringing losses to more than 18%. despite spending the year in the red, the chart master said now is the time to buy so gets get to carter worth of worth charting what are you look at. >> about 18% sounds good compared to the zooms and pelotons, the things down 70 and 60 and so forth. it is important to know that first carts are about the shanghai composite and this is a heck avenue setup. if you look at the week over week performance, and the break out potential in the shanghai versus the action to the kospi

or the nikkei, let's look at the next chart it is the exact same chart just long-term. there is a lot of tension to break out when you've been in a top for more than ten months those peaks are back in february next chart is the exact same chart weekly chart with lines drawn a different way. it doesn't matter what you call it, it is a formation that more often than not is a resolve to the upside final chart for shanghai and then let's talk about the fxi, this is the all data chart going back to 1990 i think we're going to make a move towards the upper band. you have two converging lines, again the relative performance to other asian forces have quite good now the final chart is a comparative chart and this is the issue, this is the relationship between the shanghai composite versus the fxi, the i-shares etf which coordinates more to the hang seng but at this point if you look at where stocks are in relation to their sort of capitulation low on july 27th, we're basically

only 1% lower than that. and most stocks are holding amove that critical summer plunge i think the basic process is underway and that is right to be contrarian here and buy fxi. >> all right, kartder, thank you. carter worth of worth charting we have to go to the ambassador on this trade, tim, what do you say about china, fxi >> well, first of all, our central bank conversations is relevant because their the one sent rat bank out there of the biggies that is cutting rates. so to sp some extent they're having to do what it takes and the other side of the macro story in china is look, the biggest position in there is ten cent, and the second one is methuen and you have to believe it is off the national champion companies. i like the trade at this point, we're starting to see some bottoming in that chart. i think you don't need to own it and again as we've said, you could see a very vicious upside rally and still be in a down

trend. so you don't have to get this one perfectly. >> would you take a shot i thought it was interesting that carter put it in the context of the ark innovation being crush and then you have fxi, that is no biggie here. guy? >> the last show you appeared on "fast money" was december 3rd, i believe it was a friday. on that day alibaba traded down to 70 million shares and it felt like capitulations and we've seen that since halloween of last year. so is this an opportunity? you bet. a number of trading opportunities in baba, so i'm with carter. carter is worth listening to. >> i see what you did there, clever coming up, a big win for rivian has that company gearing up for earnings later this week and later elon musk named "time magazine" person of the year but traders veth neshaha oeram tt should have taken the top spot we'll bring them to you when "fast money" returns

help with . okay, imagine this. your mover, rob, he's on the scene and needs a plan with a mobile hotspot. we cut to downtown, your sales rep lisa has to send some files, like asap! so basically i can pick the right plan for each employee. yeah i should've just led with that. with at&t business. you can pick the best plan for each employee and get the best deals on every smart phone. at vanguard, you're more than just an investor, you're an owner with access to financial advice, tools and a personalized plan that helps you build a future for those you love. vanguard. become an owner. vanguard. ♪ ♪ ♪ digital transformation has failed to take off. because it hasn't removed the endless mundane work we all hate. ♪ ♪ ♪

automation can solve that by taking on repetitive tasks for us. unleash your potential. uipath. reboot work. nurse mariyam sabo knows a moment this pure... ...demands a lotion this pure. new gold bond pure moisture lotion. 24-hour hydration. no parabens, dyes, or fragrances. gold bond. champion your skin.

welcome back to "fast money. rivian is revving up, as they win motor trend truck of the year let's get to phil lebeau with the details.

>> this is one of those awards that when people hear it, they say whether it is truck or car of the year, they say wait a second why this did they pick this particular vehicle for the second time in a first two months it is the very first vehicle coming from, and last month it was lucid, now it is the rivian r-1 d and if you do drive it, you will notice that it is an unusual vehicle and in the sense it is not like your typical pickup truck that is what stands out, both in terms of performance and features and many of the unique properties behind it and i think that is one reason why the editors say this stands out a vehicle that we think is a cut above everybody else out there remember, it was picked over the ford maverick, which is an internal combustion, the hummer suv which is electric. nonetheless, a nice award for

rivian and the r-1-26 and we'll give an update and reservations on thursday afternoon after the bell that is when rivian reports its complete q3 numbers. they gave us preliminary numbers during the ipo, so the numbers are not going to change. but it is what rj, the ceo, said during the conference call with analysts, i think that is where the real news will come out on thursday afternoon by the way, this is the beginning of a massive run for electric vehicles in terms of new models coming into the market and what is expected to happen with ev sales we think we're probably going to get 470 evs sold this year could come close to 500,000 but probably not getting there over 2 million are expected to be sold by 2025 because you have new models like the r1-t coming into the market. if you take a look at shares of

others in this ev space, they were all under pressure today. but it has been a nice move, melissa. >> over the last couple of months, watch what happens here over the next six months to a year because when you start to see not only the r-1-t and the lightning f-150 starting and the e-silverado and then the cyber truck late next year so it is a fun time looking at the pickup truck market. >> fun for you, phil thank you. gets to ride in all of those new cars so the question is can tesla hold on to its share or does it lose it? is the pie growing fast enough for the newcomers or is it fixed an not going fast as enough so tesla loses share, dan, what to you think? >> i have a ford mustang mach 3

and i'm ready to get ready about it i'll tell you where. the battery stinks and if you live in a place like new york city where there is no charging station build out for anything other than tesla, it is really hard if you're going longer distances than just local, it is really hard battery has gone from 300 mile ranges in the summer to about 200 in the winter. and so it is just a problem because ford and a lot of the competitors have not build out those charging stations and no one wants to sit around and wait for an hour as tear trhey're tro get to grandma's house over thanksgiving so i'm getting rid of my rivian deposit here and in the next few years the charging stations will be built out, it is just not ready yet. you're an early adopter if you're going away from the tesla charging station >> karen, in terms of ford, rivian or gm or rivian, this this vehicle that we're speaking about is a pickup truck and that

should be ford's big entry into the market it is pickup truck, which is the f-150 is the best-selling car in america at this point. so electrifying that seems like it should be a slam dunk unless you fact or why maybe a slicker, cooler rivian pickup truck. >> right that is available sooner, right, than the f-150 which has been the best-selling car for years it is a threat to ford for sure. also those are such high margin cars but gm as well are high margin cars. however to your earlier question, i think the pie is definitely growing for tesla that is not a problem. i think the question to me is like on a rivian valuation, it is putting in a lot of things going right. that they get share and that they get production, right, we know they have orders. but outside of amazon, do they get share and then can they produce, that is a bigger question to me and i feel like

the valuation is putting a lot of positive outcomes that is already priced into that valuation. but not into gm or ford. >> and it feels like we've been down that road before, when a company can execute with tesla in terms of production bumps but rrnivian is a different animal it has ford as a backer and it is got amazon as a backer, guy and so i would say maybe they've gotten the production thing and i won't want to say under control, but a better grig than maybe a tesla had at this point in time and in this public company lifetime. >> no question i think the markets rewarding them for that with a market cap that i think approached $140 billion or so a couple of weeks ago and it is still north of $100 billion. i know where you're getting at you could have made the same arguments now about rivian, you could have made five years ago

about tesla and we'll probably have that conversation on our 20th anniversary of "fast money," but right now the way to play it is ford and tim talked about this think about this for a second. ford was down a dollar todayan it is still north of $20 last time that happened was in 2001 it speaks volumes as to what jim farley tos doing there so it should be letter f. >> what anniversary are we coming up in january >> if we make it if we make it. you never know, mel. television is a funny business they could pull the rip cord at any time it will be 1-5 15 years. >> yep 1-5. i hope we make it. it is just a few weeks away. coming up, elon musk named "time magazine" person of the year but our traders have who they think should have taken the crown. we have all of tt ene me ghbackhawh wco cases of anxiety in young adults are rising

as experts warn of the effects on well-being caused by the pandemic. ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪

small businesses like yours make gift-giving possible. now, comcast business has an exclusive gift for you. introducing the gift of savings sale. for a limited time, ask how to get a great deal for your business. and get up to a $500 prepaid card with select bundles when you switch to the network that can deliver gig speeds to the most businesses.

or get started with internet and voice for $64.99 per month with a 2-year price guarantee. give your business the gift of savings today. comcast business. powering possibilities. welcome back here is a sneak peek at the cramer cam ceo jim is talking to the ceo of --. and you could sign up now with

all of the info on your screen well time is naming elon musk as its 2021 person of the year. dan, what is your two cents on this. >> is this the mother of all tops i think back to 1999, time person of the year and i love "time magazine," it is a great publication and this is not a reflection on anything but jeff bezos was named the person of the year in 1999 and we know what happened after that his stock lost 90% of the value over the next three years until it bottomed in late '02. and then this apple $3 trillion thing on squawk on the street this morning, they were tracking it it seems kind of topee to me but kudos to time and elon >> well, "time magazine" aside, we wanted to put our spin on this so we wanted to see who our traders would of picked. guy, what is your pick. >> in our silo, in terms of

companies and stocks, i've pick saver cats look at what she's done with oracle since 2019. look at that storm performance she took over at a very critical time in their history. obviously mark herd had passed away very difficult trying times. she turned that boat around and look at what the stock has done since. so she would be my selection, mel. >> tim what say you >> i think it is not even close. think microsoft satya nadella has presided over the top of the most important tech company in the world, it is a combination of as the businesses has been transformed into the cloud as the workplace has been transformed some what into the home, add in insecurity, windows is the gift that keeps on giving it is extraordinary where microsoft sits now and five years ago they didn't sit here and in fact six or seven years ago this stock had not even broken through the highs of 1999.

so it is clear that microsoft has had the biggest move, i think in the last year and therefore the ceo is the reason for that >> dan you certainly didn't like musk as the pick so what is yours >> i didn't like musk as a pick. i'm happy with musk as a pick. it says about the investment environment and we're talking about the person of the year when it relates to markets i think cathie woods deserves this and i think sheen cap y-- encapsulates and the investors around them and about some of the entrepreneurs who started these companies. and she's been steadfast about these emerging tech names an whether it be crypto or ev or disruptive tech and right now she doesn't look so hot. but at some point she will and it comes back to time. so i'm not touting her right now, i'm saying it is this moment in time where we have a retail investing craze and she is really the spiritual leader of it. so kathy, to you

>> interesting one karen, one person wasn't enough for you. so we brent the rules. what are your two people >> yeah. thank you. mine is stephon vincel and albert borland of moderna and pfizer respectively. and the reason is the vaccine. and i know it came out last year, we saw the data last year but it wasn't widespread it was too health care workers and then this year it became a obviously a more accessible and we started to get a lot more people vaccinated and so it allowed us to really look through and think there will be an end to this we're not there yet. but the idea that we'll get back on our feet, companies will bet gack, people will go out again, right, things will get done. and that is, i think, had obviously was great for moderna and pfizer stock, but it was far more broad than that it was about returning the economy to a sense of normalcy which is so many broader than

just those two companies and so the market is up 24 3/4 percent for the year or so give or take a little less by the end of day today so to me those two had the most impact on the the markets. >> very nice pick. we have news on gm, mgm. let's get to contessa brewer for that >> hi, melissa well mgm has decided to sell the mirage, that iconic las vegas strip property for a billion dollars and change to hard rock resorts. this is the resort that you might know as the big volcano on the strip. it was opened in the early 19 -- the late 1980s, i should say it was designed and conceived by steve wynn and so now this mgm resort will sell it for a billion dollars moving on and focusing on the cot mow toll tan. >> up next, we have your final

trades

[uplifting music playing]

♪ i had a dream that someday ♪ ♪ i would just fly, fly away ♪ final trades tim? >> coin base, that 60% move. >> karen >> yeah, i went long today, food

locker. >> dan >> carter fxi. >> guy >> great having you back, mel. take a look at bmy >> good to be back thanks for watching "fast," see you back here tomorrow at 5:00 for more midnight man my in addition mission is simple, to make you money. there's always a bull market somewhere. i promise to help you find it. "mad money" starts now i'm trying to mack you some money. my job is not just to entertain, teach call me or tweet me at @jimcramer