continuing to sore tonight i'm hosting a special, your money 2022. it is at 6:00 p.m. we'll focus on the global investing opportunities. mike santoli will be there that will do it for "closing bell." "fast money" begins right now. >> a painful monday on the street all of the major averages selling off and the nasdaq in a bear market finishing down 3.5% and the s&p down 3% and the dow finishing red monday just under 800 points lower welcome to "fast money," i'm melissa lee live from the nasdaq markets i'm here to break down all of today's action. tim seymour and we start with a catalyst for the sell-off. wti crude surging at one point this morning above $130 a barrel for the first time since september of 2008. it is now up more than 25% in just the past week and that move pushed stocks deep into the red the s&p seeing the worst day

since october 2020 the dow closing below 33,000 for the first time since last march. both of those indices now in correction territory and the nasdaq now officially in a bear market. closing 20% below the all-time high take a look at reopening trade on a day when new york starts rolling back mask mandates, covid cases are dropping and will the spike in oil prices take a lasting toll on economic growth guy, what do you say >> i think it will but i think the back half of the year it going to be fantastic for all of the reasons we talked about in the fall of last year tim has been on the energy trade for quite sometime i think regardless of what is going on in eastern europe, that is my opinion, i think we just got there a lot of faster. you see the move in crude today. that has all of the earmarks of what we call blow off top in our world. so that is a suggest that it is over but in the short-term it may be i will tell you some of these reopening trades, ex pedia, 217,

all-time high, two weeks ago, it is down 30% in less than ten trading days which is remarkable i think you start looking at those names again. >> great irony that on a day we might have been celebrating reopening with no masks and what not, but airlines down 20% in a week unhedged airlines and we'll talk more about that later in the show what worries me about the charts and chris will give us great insight. but that smh and the semiconductor index and look at the break lower on taiwan semi, the biggest semiconductor in the world. but the smh, was the growth engine, it led us every single time most important charts, i probably picked smh four or five times in the last year the fact that it has taken out the jan 24 low and i think it is leading us lower and i think that makes sense given the environment and the cyclicality embedded there the oil demand destruction and

the other dynamic was consumer discretionary. lululemon trading south of 30 times and nike trading south of 30 times cheap enough in their own earnings, their own multiples make sense but people are not ready to take that jump. >> i don't know if you caught this but steve liesman was out with a survey of economists and the estimate for q2 gdp has dropped from 4.3% to 3.5% pce, inflation measure went up to 5.3% from 3.7% for q2. have the markets factored that in in terms of the estimates that need to come down >> yeah, i think what you're searing here, i don't know if the markets are selling off more so than the fundamentals would justify. you're getting this flight to safety where everybody is going out and seeing gold prices go up and bond prices are going up and getting the baby thrown out with

the bath water where a lot of the industries are sold more so than they need to be so looking at these as opportunities. because i think the consumer is still very resilient here. i think a good example is when you look at uber came out to talk about many of the recent numbers. and they actually just show this their airport travel was up 50% month over month and that is when we're seeing inflation up 7% so a lot of this ins sensitivity from the consumer. we have a lot of extra cash on hand so yes, selling off on this in ukraine but i think you want to look long-term i agree with guy, i think the second half of the year will look stronger. >> guy, when you hear uber, when i read that this morning, i thought that is pretty good. is that a forward looking indicator, that they're willing to raise guidance or is it con current, that consumers will pay more for a longer period of time

at the pump, paying more for a lot of different things for a longer period of time than we all thought. >> i'm sorry, mel. >> dan >> yeah. so, i mean here is the deal. we through $4 trillion at this pandemic and growth has been pushed back you know quarter after quarter. we've just seen in the reopening trade, the send half of 2020 was supposed to be great second half of 2021 was supposed to be great. the second half of 2022 was supposed to be great here is the deal i've never traded the market or been in an economy where there is so much uncertainty as there is right now and we spent the last few weeks or months scratching our heads talking about all of the different diverges in the market that are telling anybody who has any history that something is going on here. the invasion as guy just said of ukraine has sped up a lot of the forces and so i can't tell you that i was not on the same side as the fed with their transitory commenty for the better part of 2021 as it relates to inflation.

they obviously got that wrong. anybody in that camp got that wrong. but here they are now and you know what, they threw $4 trillion, okay, of their balance sheet at the pandemic here consumer balance sheets are in really good shape. corporate balance sheets are in good shape i think we could with stand what is likely now transitory pressures as it relates to some of the commodities they could not continue to go up this way unless we're going to be in some very weird world that none of us have ever even contemplated and in that case you're going to have a loss more to worry about than your stock prices. >> at some point there is demand destruction that happens, guy. >> i think people get used to prices over time that is proven over and over again. and i don't think prices will stay as selevated as they are now. listen, what is a cure for higher prices, higher prices and that is what we're on the verge of now i don't think we've reached that point but we're closer than we

were but dan is right, and just my opinion, that somehow the fed is going to come to the rescue here in terms of the market, i would push back and say regardless now of outcome, what happens in ukraine, if this is prolonged, extraordinarily inflationary if it ends, guess what extraordinarily inflation and in both cases they have to move tim said it all of the time. the fed, more fed is more volatility and that is what we've been seeing since november, mel. >> i think the fed, to pick your view on how far down the fed put us from here, i think the fed recognizes russia/ukraine a dynamic that is what it is and while there are effects, this is a tax on the world, global growth is clearly going down q2 for sure where q1 we know it is going down but i think you have a case here, it gets back to the market dynamics and dan is referring to weird stuff. you can't have this kind of dislocation in highly leveraged asset classes like oil and gas and commodities and currencies

without some portfolios this blowing up and today's market felt a lot like i thought we were going to have last monday when we thought oil would be up 20%. i wasn't saying lehman moment because that is a naughty word i was saying dislocation you freeze the systems and the fed is not clear, offering dollar swaps that kind of thing. today's market felt more like that and what is extraordinary about where we are right now is this a market that for most stocks is down 30% to 50%. i'm not talking about the high multiple stocks i'm talking about most of consumer discretionary and a lot of other parts of the industrial world financials are now joining that party. >> lets a stick with energy and head down to houston brian sullivan has been speaking with the whos who in the oil industry we're just talking about rising oil prices and demand destruction. what is the talk down there in terms of how high oil prices can go and at what point it hurts

the industry >> yeah, i mean, it pains me to say this but agree 100% from aguy adami it is not the price spike, it is the length of time that this occurs and continues and that is really where we're at and some of the ceo's that we talked to today, some of the government officials that are here both on and off the record say we could with stand this in the short-term the american consumer has $2.3 trillion in cash on their balance sheet according to goldman sachs. but if this continue to goes on, maybe not even at these prices, $100 a barrel oil, $110, but gas at $5, $4.50, the longer it goes is the harder it is going to be. a month or two we're fine because to guy's point, inflationary impact does not just trickle through for a month and go away. even if the war ended tomorrow and let's all pray that it does by the way, that inflationary impact will still lag on we just can't do it for a year >> so the biden administration is considering or congress is

also considering a ban on russian oil, brian and obviously that would drive up global oil prices across the board. so it is going to hurt even more and it would actually help russia because prices would be higher in effect what are industry executives saying about that in the long-term impacts and whether or not they've been asked to increase production themselves >> well, let's be -- two questions there, mel let's be brightally honest, i'm at an oil and gas conference so they're going to support the oil and gas industry so that obvious disclaimer aside, nobody thinks it is a good idea. these people here, they want more u.s. soil they won't want russian oil. but the reality is they also don't want oil to go to $175 a barrel because of the aforemention demand destruction that you mentioned you think they would want to say cut off russian oil so the u.s. could produce more you can't just turn on the oil tap. it takes a long time tim knows this

he's dealt with oil and gas and russia for years this is a six to 12 month program. y you can't just turn on the tap they want price stabible they don't want 130 -- think about it this way. almost exactly two years ago we were at negative $37 a barrel and now we're at $125 a barrel how do you run a blank business like. >> that it is hard they want stability. and i didn't use any bad words. >> no. you just bleep yourself. which we appreciate. brian sullivan in houston for us if it is sustained, courtney, you mentioned the strength of the consumer at what point do you start getting concerned? people stop going to restaurants, people don't buy the extra pack of cigarettes or whatever at the convenience store at the gas station we've seen the impacts before. >> we have seen that before and it is not to say it can't happen if inflation really going that much higher than we're expecting it to, it could effect the

consumer but i don't think we're there yet. i don't think you're seeing it because inflation is happening but also wages are continuing to rise and we're still sitting on a lot of cash and there is so much pent up demand where people want to travel and get out and do things and i think there search of people sitting on the sidelines of covid not living lives where they are willing to sustain more price increases and than other times in history. but we have to watch that. would you say that is the biggest risk i don't see it as something that we have to worry about i think the consumer is strong enough to with stand this. at least what we're seeing right now. >> full disclosure, i don't drive so i don't fill up any tank well i'm in new york city so there is no reason for me to but my point is that i don't feel it per se and so maybe the impact of paying $4 plus for gasoline, i can't relate to it but imagine you live farther away now because of the pandemic, and you moved out to the suburbs and you're commuting into the city because everybody is back to the office, and

you're filling up a big old gas tank full of gas at $4 a gallon or more. >> well i do drive and it is disappointing. and i'll tell you something else, people think that because we're coming out a winter that wasn't terribly harsh, but we have a difficult january and part of february, the u.s. driver is 25% of oil demand. 25%. and we're just getting into driving season so look at the numbers and eu not gas, they are right on the edge of not only where their reliance on russia has been something greatly documented, we'll talk aboutu uranium there and that is about 24 points lower than the five-year average which is a bit lower than it should be. but it is telling you where they are. there is not a lot of wiggle room. >> and this is not just energy jeff curry from goldman sachs a month or so has been doing this for 30 years he said since he runs commodities and he's never seen anything like it.

we are running out of everything paraphrasing look across the spectrum of commodities. i know for a fact since last summer we've been talking about it for a while look at oih. look at where it closed today. we're talking about 285 being a natural level and for finally these equities catching up to the commodity and you saw that in spades over the last two or three trading days. >> here is the bigger question, dan, i'll direct this one to you, i think i know the answer you're going to give but can you be long the commodities trade and be long equities over the next couple of months does that make any sense to you? >> maybe i don't think you buy the commodity trade here it is gone if you've been watching the show, you hear tim and guy talk about the fundamentals an they've been improving for a long energy trade.

i was on the other side of it and they were correct about that and this just threw a little fuel on the fire here. listen, mel, as you think about stocks, there are dozens and dozens of stocks that you liked a year ago, you liked their business and management and balance sheet and you liked the fact they were going up. well they're down 50%, 60%, 70% now. so over the next three to nine months or so as this year plays out, you'll have some opportunities and great names that will have another leg here that is not just a pandemic winner but the one thing i've learned offer the dotcom implosion and the financial crisis, when you have these sort of disconnects and crashes and make no mistake about it, don't look at the s&p 500, the stock markethas crashed, okay. for a whole host of sectors. there is a handful of names that are making that s&p down only 13% of the year. look pretty good here. but it doesn't look pretty good because if you look under the hood there is a lot of devastation here

it is going to take some time for this stuff to work out the last point i'll make here is the s&p was up 26% last year not including dividends. largest peak to trough decline was 6% the average peak to trough decline in the stock market, the s&p 500, over the last 15 years was 14%. so we're down 13% from the highs right here valuations, 19 times s&p, still seems kind of extensive. it it is greater than the ten year average and i'll reiterate, it is going to take some time we're not going to be reversed this time. so all of your btf people out there, just cool your yets that is going to take a little bit. >> dab is making some -- really quickly. the positioning, the market came into the last week, two weeks, extremely derisked investor sentiment awful and i mean the contrarian indicators are blinking, this is an interesting time and i think we're all trying to point out both sides of the trade here and i'm not telling you you love

what is going on i think smh tells us we go lower, we priced in a lot of risk. >> it is not just oil seeing a spike, gold hitting the highest level since august of 2020 so is there any more room to run. let's go to chris of baird what do you see. >> well i think certainly gold as a hedge here continues to make sense but if we put this in context as far as the broader market, the first thing we have to say is we know we don't know but if we speak about the price signals that we're seeing every day, there are three things that i look for at a tradeable low. i look for vix above 40. i look for spikes in put calls or spikes in trend and we're sitting here with s&p down 13 and the q is down 20 and we can't check any of those boxes yet. is is this correction over with apple still above the 200 day. so i think ultimately the good stuff probably has to get sold here before we're through this and if you just look at the next slide here, it is qqq versus

s&p. we talked about in the early covid days how a big event speeds up what is already in motion a lot happens on the other side and qqq have been peaking well for the s&p for the better part of the last six months an the russian ukraine events have excelled that at rates today i still think gold is underowned it acts great. if you look at gold flows in gld over the last three months are nowhere near as aggressive as they were in summer of 2020. so i think there is room for sentiment to get more pronounced here and then when we take back and then take a step back and look at the long-term chart, monthly momentum is fantastic. they were punching above 2000. i think it circled 2400, 2500 on the gold chart before this is all said and done. but as part of the bigger story, right, are we seeing that indiscriminate capitulate to price action that marks the lows

in equities, i think it is early to make that call, mel. >> chris, gdx is often a levered play to gold when the gold prices go up but oil and fuel, it is a big input for gold miners and i wonder which is the better chart in your view. >> i think the better chart is the physical when you look at gold stocks, the individuals, they have not taken out their summer of 2020 highs yet. gold is closer to doing that so i think you want to own the physical here. we also get a much better read on sentiment as we talk about gdl flows are not as aggressive as one might expect there has been some inflows not surprise willingly, but over a longer time period i think there is room to go before that gets crowded. >> and chris, i want to underscore the notion that the good stuff has to come down too. so apple in your view should go lower? >> i just find it hard to believe we take s&p down 15 and

q is down 20 and we don't get apple below the 200. and don't forget when oil spiked in '08, ultimately they went after staples and utilities as well staples and utilities got sold before that was said and done. so don't make the mistake because stuff is up here protected in the corrective phases, there are no unsellable names. >> good advice chris, thank you tim, you've been on the gold trade. >> i like it and also something else just to drop into your horizon is the last time gold really had a spike and so not the summer of 2020, which was the previous high that we have got through that the gdx has gone through and chris it right, i think it is going through it. and a lot of stress on europe, remember what was going on with european sovereign boards so this is positive in the short run. so very, very positive for gold and i think diversification by

central banks is on ward. >> i'm with tim on that. when i say multiple here, think it is a like a 40 year high approaching $80 a share. we haven't seen levels like that in decades i think gold has a lot of room to the upside and you're finally seeing for the first time in a long time the decoupling of gold from crypto as a conversation we've had a number of times but it is happening before our eyes. >> coming up, a bank beat down a stock sell-off our traders dig into the trade next but first metal mania. nickel soaring to the highest level ever that could spell trouble for the auto sector. the details ahead. do not go anywhere "fast money" is back in two. i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so...

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welcome back to "fast money. the major automakers falling sharply today and it is not only oil hitting these stocks it it is a whole commodity complex. phil lebeau jonan joins us. >> all of the key ingredients

when you talk about any vehicle you manufacture, and whether it is internal combustion or a hybrid or an ev, all of the prices are through the roof. let's start with nickel. you talked about how it is surging. oh, yeah it is surging. the forward contract was up 74% today. that is the biggest one-day increase for a forward contract of nickel since 2005 russia's supply of nickel, remember they are a world leader when it comes to the supply of nickel, that is in question. will it be restricted, will it be completely cut out. if that is the case, you're going to see the prices continue to stay high then you've got aluminum here is another commodity where you're seeing a surge in the prices it is close to a ten-year high right now. and then you've got lithium. and we've talked about this for sometime, melissa. it is so crucial to the development and manufacturing of ev battery cells and battery packs. and as lithium has gone up in

price, you still see the automaker saying oh, yeah we're going to be planning to build even more evs than people are expecting four months ago, six months ago, a year ago take a look at ford. just last week it said that it plans to build two million evs annually by 2026 so now what you're looking at is a much greater commitment on the part of ford and by the way, we've seen this from other automakers as well. and it has analysts like adam jonas, saying wait a second, we're not buying this completely he wrote a note today about ford but it could apply to automakers that put out bold projections and he said where will ford source all of the raw materials. call us if you have any ideas. this is par for the course in terms of what analysts are expecting when it comes to the automakers which is you've made these commitments, melissa, now can you meet them.

i want to let you know late this afternoon i talked with one analyst who works with a number of automakers and he said no way they make the commitments that they've put out there. and yet they are there now jim farley last week, he said we've got more news that is coming do not doubt that ford will be able to make this commitment we're not calling him a liar we're saying that a loot of people are looking at your projections and other automakers projections and saying we just don't see it right now >> i'm thinking tesla, they have circum vent what other automakers have been grappling with but they still require meltals that go into doors and et cetera et cetera. have they secured supply since they're at the forefront of dealing with supply issues >> the understanding that i have is that they probably have a better handle on the supply chain which it comes to the ev battery cells and battery packs.

nickel is nickel and we've heard from elon musk and he said if you want to start a nickel mine, we would love it because we need more nickel. the one advantage that i think tesla has right now is that it could bring on supply much faster than a number of other automakers who at this point they're still making commitments. you look at giga factory in texas, that is coming online fairly soon. and when it does, there are a lot of people who will say i want an electric vehicle and i don't want to pay $4 for a gallon of gas and they'll look to tesla because the supply will be there much faster than other automakers will be able to come up with evs. >> phil, thank you very much. so the automakers are facing a higher input costs, supply chain issues that pre-existed the russian/ukraine conflict and a consumer that may be strapped in terms of facing inflation what do you think of the automakers >> the automakers are definitely

doing to be feeling a lot of commodity prices and we're making sure that in all of our clients portfolios we have commodity and energies because automakers are getting hit harder than others right now i think the question is how long this will sustain itself supply chain issues will hopefully get settled in the near term future and the inflation we're seeing is expected to come down probably over the next year here. so this is a much shorter term event. i don't think it is as much as a long-term event so if you are of the mindset that inflation is going to come down here, take advantage of this as an opportunity and that doesn't go with automakers, you'll see that across the industries, airlines are getting hit as they're seeing commodities increase. so underlying costs will impact their bottom line. but how long is the question if you think it will get resolved, i think there is hope of that, then you could take advantage of this opportunity. >> you've been in them, tim, so what do you think? >> i hetell you what, ford down

30% in 36 days and they've made announcements on ev, up to $40 billion, whether you believe they could find the inputs to batteries and what not i think this is a opportunity to buy them if you look at average age of a car on the road and look at cycle here, there is a lot of cars to be bought. i don't think this is necessarily going to be a case where those are purchases that are more than just delayed i think they are very cheap. >> we're just getting started here on "fast money. here is what is coming up next. >> banks get big big names withdrawing some gains has markets sell-off so how should investors play the move the financial focus is next. plus a metal melt. uranium prices soar, is this trade ready to double. the traders break it down, next. live from the nasdaq market site in times square, we're back right after this new projects means new project managers. you need to hire. i need indeed. indeed you do.

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welcome back to "fast money. let's take another look at how markets kicked off the week. all three indices closing near the lows of the day. down more than 3.6%, down 20% from the all-time high meanwhile check out some of the big banks getting hit hard in the sell-off bank of america, wells fargo, jp morgan, are among the biggest losers and bank of america and morgan stanley down 21 and wells fargo down 20% so such a huge chunk out of the big names r. there any that look interests or dan, are they telling us something, is there a message and we've talk about this before, about the idea of

con con tajun across various asset classes. what do you think is going on here >> yeah, i think tim said it earlier today. it is not cool to talk about con tajun and financial markets until it is on your doorstep because that feels like it is yelling fire in a crowded cinema here but the way the bank stocks act today, it is like something is going on i don't know why bank of america would be down close to 7% or so versus let's say a bank like citi bank that is expected to have more exposure overseas which was down 2%. so a lot of that kind of funky price action going on there. and i guess the other point is that we've also learned from the financial crisis is that banks are going to tell us what they need to tell us when it is the exact last minute they have to say it, right. so they're not going to try to get out in front of this sort of stuff and we could feel comfortable that u.s. bank balance sheets are in much

better places they were 10 or 13 years ago. but again, the price action is going to shoot first and ask questions later right now. >> courtney, is that the baby with the bath water notion that you're talking about before or they're facing a flattening yield curve. they're facing potentially economic slowdown and potential con tajun issues is there a reason to be in the banks. >> it is partially sh of that but interest rates have come down and that is going to effect the valuation of banks i think long-term banks are looking really attractive compared to the overall markets and i think you're seeing this huge disparity between growth and value and i think that will continue when we see hopefully see this russia and ukraine hopefully get back into the less of the headlines, i think you will start to continue to see inflation going up and we'll continue to see rates rise which will benefit the banks over the long run so just take a look at making sure you're only looking at the dwault names. like take a jp morgan, they're

trading about 13 times earnings and i think long-term i do still like the banks so scooping them up at better shares is a great opportunity. >> for the first time in a while, now jp morgan is trading less than two times tangible book we haven't seen that in quite sometime with jp morgan, think the market looking at valuations since thanksgiving finally said that bank is too rich as well i'll say it at a certain point you have to look at it i think 125 is level quickly about citi, i've been dead wrong i thought it was 25% of the book you about clearly there are more issues than i thought. >> could prices double here forward contract here. we have details next plus food fight. restaurant stocks in the red as operations in russia come into focus. how those names are responding to the risk. much more "fast money" right after this >> get your trades to go with your "fast money" podcast.

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welcome back to "fast money. uranium prices spiking as the russian/ukraine war rages on

uranium etf up for man 13% in the past month elon musk tweeting it is now extremely obvious europe should restart dorm nant nuclear power plants critical tonight security so with gas price spiking, there could be a push for nuclear here for more on where prices could be headed, let's bring in rohan ready. >> great to be back. >> it may be in the long run, but immediately, could they restart the power plants a lot of them are not operational and a lot them are on the way to being decommissioned in europe >> well, i think elon hit the nail on the head right now nuclear is one of the best power sources that you could have not just in europe but even across the world. and so a couple of options that europe has is they could start to delay the phase out of some of the nuclear power plants that were scheduled to be decommissioned

so for germany, they were scheduled to phase this out in 2022, this year. they could start to delay that belgium has shown some pushback as well. so i think that is an immediate option number one. option number two is building new nuclear power plants from the start-up so we've seen this not just in europe but even in big power centers like asia, those have been really supportive of adopting nuclear power so we think there is a lot of options in this market. >> so what is priced into the price of uranium at this point take three operational plants in germany. as you menged, they're scheduled to be decommissioned by the end of 2022. if they extended that life cycle, which is not necessarily an easy thing to do. as i understand it according to what i've read. what would that mean for prices? >> well, we've seen a little bit of that play out in the u.s. so far. so we've seen the first 80-year permit given to a couple of the nuclear power plants and even if

it does become feasible at some point in germany, this could add some real demand towards some of those uranium producers that did get hit by covid and they haven't been able to restart production as fast as they would have liked to. so right now the prices around the $50 range, they could shoot up into the $60 range and then when you see the momentum from demand in new nuclear power plants being built, combined with the fact that there is key producer risks so kazakhstan is one of the biggest produced in the world. they've seen some geopolitical tensions along with the russian/ukraine crisis and the risk sell-off there. so we think that prices could shoot up from the $60 range to potentially even $70, $80, just off of producer risk. >> i'm long your etf, and long uranium more broadly and i think independent of russia/ukraine, uranium is going higher. help people understand in the etf what the exposure is and there are some more pure plays

and ways to get more derivative exposure ccj is the biggest commission. but help the audience how to get exposure. >> this is a real full value play across the entire uranium value chain. so we have the miners, companies like ccj, brom, those are some of the biggest in the world and then we have some that are involved in the entire downstream part of the nuclear aspect so about 70% of our etf is what you would consider pure play the remaining 30% is across that value chain that includes some utility companies. so we think it is a nice exposure to companies involved both directly towards uranium price and some that are involved more on the utility side so in down markets, it does help blunt some of the downside impact and we've seen a lot of investor interest within our etf this year alone, we have about

300 million in net new assets that have come into our fund and it is about $1.5 billion in assets, a record level. >> great to have you thank you so much. the uranium etf. why this one in why a comprehensive sort of view of the investment why not just go ccj? >> because ccj, talk about back to the future, this is a stock from ten years ago and this is a stock that we've talked about on this show. and they've had significant problems with a handful of their mines. so they're flagship, they have a new mine cigar lake coming on with the higher prices it gives them the ability to reinvest in additional production and i think they're going to do that i think right now it is a very good call. but that is the problem. these are miners and we've seen this and seen this in gold and copper and you have a lot of risk tied up into their operations. >> no question ccj, as tim knows, second largest uranium producer in the planet, i think it produced 18%, 19%. but 2007 it is a $52 stock that

fell on hard times a lot of itselfin zeused but if they figure it out. this $25 stock should be a $50 stock in this environment. >> coming up, restaurants resist some big names still operating in russia despite the war and the hold out is hitting the stock prices more on that next. plus shares of bed bath and beyond as ryan cohen takes the stake. the move sparking some furious reaction in the options pit. we've more when "fast money" returns. make fitness routine with pure protein high protein. low sugar. taste great. high protein, low sugar.. so good high protein, low sugar, mmm birthday cake and for a cheesy crunch, try pure protein snacks. you can't buy love. happiness. or confidence. but you can invest in them. at t. rowe price our strategic investing approach can help you build the future you imagine. ♪ ♪

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welcome back to "fast money. starbucks, mcdonald's, yum brands moving lower under pressure to suspend operations in russia. let's get to kate rogers with how the brands are responding. kate >> hey, melissa, well yum has the biggest with more than 1,000 locations. mcdonald's has 955 between the two countries and starbucks with a much smaller presence of 130 in russia according tocon. now for mcdonald's, the region represents about 9% of revenue but a smaller degree of the

operating profit and it same store sales at under 3%. the optics are getting tough the comptroller reached out to mcdonald's and pepsi asking them to pause in russia as of now, they are not announced they are going to pause the operations we've reached out to mcdonald's self time over the last week and the company has declined to comment. they will donate any royalty in russia to humanitarian relief efforts for ukraine. yum brands also said it is monitoring the situation closely. donating $1 billion to the red cross to support relief effort there. mcdonald's is majority company operated which could give it more autonomy, while starbucks and yum are licensed and franchised over there. >> so it should be much easier for mcdonald's to say we're done are russia what percentage of revenues, is this a big percentage we're talking about? >> yes

so it is about 9% of reported revenues but a much smaller degree of same-store sales at under 3% and for starbucks and yum brands, under 2% so mcdonald's has among the largest footprint and it is mostly company operated. so if they did want to stop operations there, they there is no middle man. there is not a major franchisee and licensed partner to work with they've czdeclined to comment. we'll see what happens. >> kate, thank you. courtney, do you like any of these quick service restaurants? >> i think these are really going to have a lot of risk that we're looking at right now i think mcdonald's is one of the most interesting where yes, they are going to have less franchises in russia but they also have a lot of exposure in europe, they're probably more exposed to whether they're having boycotts in the u.s. or europe i think they'll probably have those boycotts that could effect them a little bit more so i think that might be to come

and they haven't responded to this yet, if anything they're taking a stance one way or the other and i think you'll see some of their consumers putting a stand to that. what will happen, i don't know but i think we'll see moore tup ups and downs moving forward here. >> and we have seen notable protests coordinated on social media of various brands for various reasons. and it is amazing that it hasn't happened yet. >> yeah. i guess, mel, what i would say is it is a hard precedent to set early in this kind of war. an guy has been talking about the potential for some sort of dust up with china and in taiwan and that is on a lot of people's radar. what happens if there is some situation over there have they just set a precedent now. the u.s. multi-nationals which are relying on international growth to get things back going in away. so to me, it is a tough one. this is a very unique situation right here and an invasion of one of our allies if you will

sovereign borders. so there should be repercussions in the private sector. >> coming up, to infiniti and beyond a big name takes a stake "fast money" is back in two.

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welcome back to "fast money. check out the monster move in shares of bed bath and beyond, soaring as much as 35% today and on news that game stop chairman ryan cohen had taken a nearly 10% stake in the company and is pushing for change the news also causing a major frenzy among options traders many who are betting on a bigger rally. mike khouw joins us to break down the option. gamestop is an options darling. >> this is definitely seeing some of the meme stock mania top of options activity. it traded about 16 times its average daily options volume today. it was one of the top ten most active single stock options. and think about putting it in the realm of facebook and tesla, apple and the like so very extraordinary we're seeing here. the most active options were the weekly 30 strike calls that expired this friday. we saw 22,300 of those trading

for just under $2. put that in perspective, buyers of the calls are risking close to 12% of last friday's trading close for the stock just to bet that it would double by the end of this week but before anybody wants to pile into that, i would caution you the second most active options were the 20 strike puts that also conspire on friday. >> that is interesting mike, thank you. mike khouw tune into the full show of "options action" on friday at 5:30 eastern time. up next, final trades. ♪ ♪ ♪ ♪

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final trade time let's go around the horn dan. >> jet blue. no international exposure to note that is where i want to be >> courtney? >> jp morgan, we mentioned this earlier but i like the banks right now and i think you'll continue to see value over growth. >> tim >> a bright green spot was j&j, but consumer products and some diversification. i like j&j. >> guy >> a bright green spot is spending time with you and haven't seen physically in so

long it is -- >> if we had time we would hug >> we would. lac. >> thanks for watching "fast money,"