people staying in their homes longer, because nobody wants to sell a cheap mortgage and get a 5% mortgage. that is the compression of giving people in their homes. we think it will bode well for home improvement. that is what works there. the other thing is evaluations are lower at lowe's. it is a big discount compared to home depot. it is an interesting place. you made the case, and we appreciate it. that does it for us on overtime. "fast money" starts now. the rally on the streets, inflation eases a bit. housing, banks, and many names are rocketing higher today. can the good vibes last disney pops things to jampacked theme parks. the company announces price hikes for disney+. we go inside the numbers. later, one of the traders is channeling his inner kathy

woods. elon musk has the $7 billion stock sale. we will get to those results out of dizzy just a moment. we start with the rib roaring rally, the nasdaq soars nearly 3%. it has its highest closing since may 4. these moves are coming after a better than expected report, showing inflation is moderating in july as the food and energy prices pulled back. is this enough to offset and get our hopes up? >> i don't think so. how did the week start? we had the revenue warning. we had micron has the warning the next day. i don't see the fact that we have this print that was cooler than expected, i think that was the consensus here. nobody thought it would be that much hotter. there has been plenty of calls

for peak inflation. what is mid single digits inflation look like for the balance of the year? is not a great thing for corporate margins or consumers. this was broad-based. there is not much to look at, when you think about the rally. you think about where we are in august. you think about when the next that meaning is. we could continue to go higher. i am not a purchaser here. i don't think you want to chase this rally. think about the s&p 500, the second trading day of the year was 4800. the low was just about 3600. we are at the exact midpoint at 4200 right here. we are down 12% on the year. we are up 15% on the low. think about where rates are. rates are much higher than where they were. you go back to march, when we started to raise rates. tightening the economic conditions, with the last guest on overtime saying that mortgage rates, where they are, that will continue to be a problem. we have wage inflation.

thank the s&p 500 is not discounting the back half of the year that we will see an earnings decline that will continue. that is how we started the week. i will stick with it. >> we are chasing this rally, it sounds so derogatory. isn't this just enough to allow what we have seen since the lows in june to continue with the 10 year yield? it is much higher than it was a year ago or 2 years ago. still, it is not 3%. it is 2.7 and change. isn't that enough to trade the rally? >> and one of the rocky movies, they ask sylvester stallone to say so derogatory about carl weathers. he did not know the meaning of the word, he said he is great. i don't think derogatory is a bad word at all. i think chase is a good thing. you chase the dream. people try to put their money to work ahead of this. we are talking about jackson hole number one. the fed does not really talk in earnest until september. people are saying there is enough air cover to get the

market. i get it. i think we are overextended. i have thought that over the last couple of weeks. i thought 4100 was a foregone conclusion in june. now, i think we are overextended and ahead of ourselves. i think we've seen the rally scummy look at disney earnings. that was great. i get it. the dance point, you are still seeing warnings out there across a myriad of sectors. you have layoffs going on. by the way, a .5 is no panacea. they have a lot of work to do. >> yes. as for today's rally, you see the risk when you look at names like ark innovation, up 7%. these names, what does that tell you about this rally today? >> i do not agree. we are getting some warnings in certain parts of the market. i think the warnings have been

here undergrowth. we are seeing the rally come up. i don't think it will continue over the long run, over the second half. i do like the cpi rating we saw. i like the core inflation came down lower. people were expecting the overall cpi to come down. i think that coming down is positive. you compare that with the job report on friday, does lead us into the realistic possibility that we could get a soft landing. i would not chase the growth the names. eventually you will see these diverge. >> i feel like i know, in part what you will say that the cpi print, who cares? the worst is yet to come when it comes to inflation. the sticky parts are still there. they will be governed. >> i will see if i can thread the needle on what the fed will do. it's one thing to come on the show and articulate that things are bearish. it's another thing to fail to acknowledge when you have good print.

i want to stop short of doing that. i think the numbers today were good. i was there when we talk about how effective the fed is, and you look at rent and wages, you look at housing, you look at food, some of that is on demand. you look at energy, and i would argue that is not because of what the fed is doing. that is due to other macroeconomic factors. it is hard for me to go from one step to the next and say this is a direct result of the fed. as for the rally, what is particularly concerning, look at elsie age. he was down 13% yesterday. it is up 12 today? look at coin base, and is i give you the warning, leading the market higher. it's one thing we are saying, this is an opportunity for you to pick stocks and pick the best in class for those that can deal with adverse situations. this is not that. i will sprinkle in the mania we have seen this week. it does not feel like people are parceling and making investment decisions. this feels like a liquidity

risk on rally. this is at the same time when liquidity is being siphoned out of the market. that is what concerns me. >> what if i said, we knew that the federal reserve would only hike 50 basis points in september. does that change or alter your review of this rally right now? mech that is what they are pricing. that is the highest probability event. we would have to see a pickup in hot data for that to change much to 75 basis points. they did say they would be data dependent. the market is reacting to that. it is a really hard time to put money to work, especially new money to work in august. think back to 20/20. you remember the rally we had wax had all the nasdaq stuff. it was like a beta chase. there was a lot of weird stuff going on. we have the potential to do that into labor day again.

if you are trading, and you are nimble, like the art thing has been trending up. it looks like it is about to rake out from the mid-march levels. there is a lot of opportunities if you can pick those sorts of things. i think for the back half of the year, the economic data probably gets worse before it gets better. i think corporate earnings get worse before they get better. with the s&p at the midpoint of the 2022 range, it is almost like a pair of two. let's get to disney. the shares are rocketing higher. the subscriber growth for streaming. they now are more subscribers than netflix. the earnings call is on the way. we are here to break it down. julia? >> reporter: that's right, on the call just now, disney says that the subscribers would accelerate in the current quarter, and they don't expect higher prices to impact turn.

they reiterated guidance that disney+ will be possible in fiscal 2024. they did update guidance for the last less profitable popstar. [ indiscernible ] this is largely in line with previously provided guidance that did not break out that part of the business. the subscribers are saying, it will be up to 80 million. that adds up to total guidance for the for a range of 215 and 245 million total disney+ subs. that range is below the prior range of 230 to 260 million subs. they say they will refine the hot star piece when the other ticket sales are completed. this comes as disney announced the new ads support disney+ will go for eight dollars per month. that is the same price as the

average streamer is now. they said that they will raise prices for the ad free service to $11 per month. the better than expected revenue growth in the quarter was driven by the parks experiences and products division. it showed a 70% increase in revenue, and bottom-line results growing by six times. those things to the increase in bookings and consumer spending. they said that the average daily attendance at the domestic parks was slightly below the pre-pandemic levels in 2019. they have continued to deliver higher revenue and operating income in that division. i will be talking about all of this, and more with disney's ceo in an exclusive interview tomorrow morning at 11:30 a.m. eastern. want to ask you about the hot star breakout. from the disney bear camp, that

will be the net to pick with the subscriber numbers. the growth is coming from the less profitable hot star. that is where the average revenue per monthly paid subscriber is coming from. in the u.s. and canada, the average number has declined. >> just to make it clear, the hot start number, they are vastly less profitable for disney. they are paying a lot less for the service. it is the domestic users, and the other users outside of those numbers, those of the users that are the most important for disney's bottom line. they said that the core subscribers, the once pay more, that guidance is in line. the issue is looking toward 2024, the hot stars subscribers may be lower than previously anticipated. the overall pie is on track to be smaller. that all depends on how much they want to pay for cricket rights. they said on the call that they want to be disciplined in the way they are thinking about sports rights.

they don't want to invest too much in the sports rights if they will not be profitable for the company. they have a lot of criticism for not being clear about just how many disney+ hot star subs they would have as part of that guidance. they are trying to get some clarity there. the new clarity does not seem to be hurting the stock after hours. they are up 6.6%. thank you very much. what you make of these results? >> it is a great quarter. there are no two ways around it. that parks number surprised a lot of people. it did surprise the stock market. you start doing the math, i did not think disney should have traded down to 90. i do not think they would trade down to 90. i do think they are deserving of a premium evaluation. they have not been given that over six months. you put this on a 25 multiple.

this is about the historical norm on the six dollars they will earn next year. that is a $150 stock. you'll start to see the analyst raise your numbers. i think disney sold off too much. i think it goes higher from here. let's get more reaction from jim stewart, new york times columnist that literally wrote the book on jimmy. disney, good to see you. it is losing a lot of money to get these subscribers. >> yeah, everybody is commenting on the big successes. that loss in disney+ is alarming. the bigger gets, the more it seems to lose. that is not a trajectory that can continue. they are projecting the prophet in fiscal 2024, giving them some time. the spending rate and the revenue launch right now are not pointing in that direction. the big questions will be, can they pull down the nuclear arms

race spending on content? how much more revenue can they generate? >> why don't they get the same free pass that netflix had for almost forever? first of all, it is not a pure streaming business. it is probably counting its blessings that it has the parks surging back. it is good and bad. the themepark revenue will never get what netflix has. that is a mature business. it is very predictable. it does not have a huge growth potential. streaming may be does. like amazon got a pass for years. netflix is not getting a pass that it did in its heyday. recently, investors are rethinking this. that is one reason that disney will never get that same kind of multiple. can i get a multiple on the revenue? i think they are getting some of that. they get some benefit.

with the mounting losses in the spending the way it is, i think investors are bit more concerned about how profitable streaming will be? >> would you mind speaking to espn and the streaming sports offerings, and how the pricing in terms of sports rights votes for disney going forward? >> that is another cloud over this. they have not said much about that yet. i was a little sorry when they changed the reporting math. you cannot really see espn in there anymore. they don't break out the cable networks. it is all put together into media and entertainment numbers. it is hard to say what is going on there. it does not look great. there was not big revenue growth in that area. there was some substantial profit growth in the big media numbers. a lot of that probably came from the studio.

it is hard to say. there seems to be no doubt that the old cable model is in long term decline. that is a problem for espn. look at the numbers in the air, that is still a big, big chunk of the disney revenue. do they start to migrate that to streaming? well, they haven't done it much. everybody knows that streaming is never going to be as profitable for's warts as the cable model was. you have growing competition there. everybody wants to get into it. amazon once in and apple once in. you have deep pockets i want to bid for the sporting rights. they will face big cost increases for the big premier sporting events coming up. do what you think of the ad supported tier? that enters the fray of streamers that are offering some sort of ad supported model, at a time when advertising revenue, this is an interesting time for these

things that the market is is industry is contracting. >> i think they were hoping to introduce this when we were not on the brink of a big slowdown or recession. i think the advertising model is a very, very smart move. does two things, the first, doesn't really jeopardize the subscribers, they can pay the same and get the advertising. is not a big price increase. to the extent that they are harvesting all of this data, which is supposedly what streaming is supposed to do, they could possibly deliver sophisticated, targeted advertising that could compete with google and facebook, and meta . strategically, it makes perfect sense. the timing is not great. i think we'll see how sensitive the streaming services are. i think people are coming through their monthly bills. i did it myself last weekend, i was like, my god, i have all this monthly stuff i never look

at. i think people are more cost conscious about that. i think, long-term, with the costs they have got, these trajectories, they can only do two things, they can either cut costs, which is very hard in this environment, or that to increase revenue. they have this and supported tier, that's one way to increase revenue. >> it is always great to speak with you. thank you. >> sure, my pleasure. >> what you make of disney here, courtney? >> clearly, they blew away expectations, which is great. i like them for the long-term. they are expecting the core customer on the subscription side. they will hopefully meet their expectations. you compare that to netflix that just lost subscribers, or peacock that did not have any. they have much more diversified business. they have parks and advertising. >> would you rather, which is a game we have not played in a while, disney or netflix?

>> i don't think you chase disney here. i said that at the final call last night. i would not buy into it. i do not say sell it, that i would not buy it. anytime you have an opportunity to beat subscriber expectations, it is a good set up. long-winded answer, right? are we playing a game? >> i am not a buyer it disney at 120. in a different market, i don't think it will trade up eight dollars. is that versus netflix? >> thank you for listening to me.:i bought netflix a couple months ago. i sold it. i was one to get into that later. there is a big gap in netflix if we're squeezing, look at the chart. >> you did not listen to me, you do know what the choices were. there are only two choices. >> [ indiscernible - multiple speakers ] >> netflix or disney, guy?

>> i will play the game correctly. we have been together a long time. i know you are a rule follower and a rule enforcer. i would rather disney at these levels. netflix had its run and now disney will have its. coming up, elon musk is cashing in on nearly $7 billion worth of tesla stock. what that means for the twitter deal? we have more on cpi. how the fed is eyeing the numbers. do not go anywhere. we have more "fast money", after this. so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done. i'm okay. finding the perfect developer isn't easy. but, at upwork, we found her.

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, welcome back to "fast money". elon musk has dumped $7 billion in tesla shares. he is preparing for the possibility he would be forced to purchase twitter. [ indiscernible ] this would avoid an emergency sale of tesla stock. he said he had no plans to sell more tesla chair shares. obviously things have changed. the pending october court date is probably one of those. it is a relief, the sillies out of the way. he said in exchange was a tweeted back at him that he would buy back the tesla shares

at some point. >> so, at the twitter deal does not close, would you purchase a back the tesla stock? the short answer he gave last night at 11:00 was yes. i think that gave people a lot of optimism in terms of the stock. i have no idea, i will say this, at $900, that is where the stock is trading, i think the risk and reward is a pair of twos. if you have enjoyed this price, i think you take the money and run. listen to what danny said last night, i would be more inclined to sell tesla here than purchase it. >> effectively, he is short. he said it has been a difficult short. are you? >> i am short also. this is an interesting scenario. i think tesla is one of the most overvalued stocks in the stock market. i think elon musk is selling

shares of that stock, good for him. he still owns a lot of it. it is the second most overvalued stock in the entire stock market. if he closes on the twitter deal, alone, a lot of his equity, he is literally overpaying for this thing, i at least 100%, personally. to me, i think he destroyed the value in that company before comes out as something that is able to grow at a point where they are monetizing their users the way the larger competitors are. i don't like either of them. i don't see it. the fact of the matter is, by him doing this, i think he is telling us that he will by the company. he does not want to go to jail, if that is what would happen. that's what i thought. when he actually sold the tesla shares, gave more validity to the fact that there is a significant possibility that he would have to buy twitter. that will help twitter shares in the short term. i think both are overvalued. i am not chasing either of them. will he have to sell more tesla

shares? with zenith on past, he says i won't sell anymore, now here we are, he is selling more. i would be cautious about that from the tesla investment standpoint. >> believe what i do, not what i say. i don't believe a single thing this guy says, to be honest with you. all this is is him hedging his downside risk, selling shares, while he can, before he is forced to do it in a fire sale. there is nothing else to read into it. back the timing of the trade, from a trading perspective guy, after tesla shares have run out more than 30% from july. this could have been a cpi report that could have been the other way, especially from the perspective of a guy that feels like he has a super bad feeling about the economy, the timing was pretty good.

>> it was extraordinary actually, perhaps we should reach out to him to see if you would come on as a panelist on "fast money". >> he has done everything extraordinarily well, up to this point. again, now it gets difficult. now will be the most difficult time he will have navigating this situation. buyer beware, in my opinion. mech we have a lot more "fast money" to come. here is what is next . >> the inflation rallies on unexpected cpi data. can the fed breathe a sigh of relief? are more rate hikes on the horizon? a bundle of energy, options and traders digging into the space and betting there are big moves ahead. we have the details, next. you are watching "fast money", live from the nasdaq marketplace. we are back, right after this.

welcome back to "fast money". the stocks are storing sewing above for the first time since may 4. this move is coming after cpi went flat in july. we are looking at more on the inflation results. let's bring in her senior economic supporter, steve. it is nice to see you. many, many hours later to the report, but basically, the notion is that the fed can be 50 points in september, and wait.

>> that is the way the market is price. i must admit, you are holding up way better than i am, 12 hours after the number came out. look, the market is buoyant, and taking this in a positive way. the fed officials are less so, in the afternoon, they were saying, i am still on track for a 4% funding rate. evans says he is looking at 3.5%. maybe as churchill said, this is the end of the beginning. by that, several months from now, we may decide that this was the month that the fed was able to start counting, saying it had several months of evidence that inflation was coming down. that is a risk, and it is not exactly what they are saying now. there is a lot of push and pull. you look at the list of stuff that went out. food is up by 1%. we have strong gains in the housing market. that could take some time to come down. that is one third of the index. you had airfare coming down and

auto coming down. these are the things, maybe that is sticker shock happening now. i was fascinated to steer conversation. here is what i was thinking, you can take a bat here that the fed is wrong, the only question is, are you paid for taking that risk? with the market down, you think about the five dollar bet to see the other guys cards. you not to go in with all your money. five dollars down, maybe that is okay. i hear thy talking and other folks saying will the fed be wrong? >> the higher the markets, steve, that it did take the other side that the fed is wrong, is it a bat. that is what we are seeing today. with every rally in the stock market we see, it makes the feds job a little bit harder, right? yet wonder if the fed officials

are trying this out. there is a big rally going on, go talk to the markets a little bit. >> you know, the fed is like, what do they do when they heal? they are leaning against the healing of the boat as much as they can. you have had a parade of officials last week, i was very busy, out there say what the fed was saying about the idea that there was not much of a pivot. they are still at 3.5%. i hope you have the chart showing the flip. it was 75 at 8:29 this morning, now it is 50. there is a lot more data to come. here is the 3.6. it is hard for me to see. whatever it is, it is in the 3.5 and 3.6 range. it is more interesting with what is happening for the 75% chance which is down to about

30%, or 40%, compared to wire -- where was yesterday. >> guy, i you on the other side of the trade? >> i don't think the fed is wrong. i think what they have been doing since november is exactly right. i am lined up with them. to your point of the market going higher making the job more difficult, i would submit that in ways that makes it easier. i am not suggesting the only thing to watch as the stock market. the higher the market goes, the more like stability they have, the more runway they have to be more hawkish. any thoughts on that, steve? >> yeah, that is an absolute and relative argument. the fed wants financial conditions tight end. it is hard if you look at th two year, which is been up pretty strongly. it does like that. the sweet spot for affecting the economy and affecting

businesses is in the five-year and seven-year range. when that gets flat or goes down, the financial conditions are loosening, and when the market goes up. on that basis, they can be as hawkish as they want when they lean against the market. what they ultimately want is absolute rates to be higher to tighten financial conditions. as >> do you have your guitar packed up or your gear packed up for a jackson hole? that is around the corner. yet be getting ready for it. >> yeah. sometimes the guitar comes out. sometimes it doesn't. they're going out to play a jackson hole, that is not the principal or the purpose of it. the main purpose is to see if i can last longer than the european central bankers as far as breaking into midnight. that is the key, so i can get as much out of the european central bankers, that i don't see as much as the americans.

the americans are in bed by like at 9:00. the europeans are the most fun. i have a great relationships from the guys from finland. it's great find out what's going on in europe and around the world. if you're asking me, and my pointing toward jackson hole as an important pivot point, i think we have a lot more there. we will understand more about what is going on. the questions that we have our how much the deterioration we need to see before you pivot? how much do you think you will have to do for the rest of the year? i think the market has built this and for the rest of the year. we don't have much gap between the market and the fed. next year, the gap is big. right now, the people around the table are starting to think about next year. >> steve, thank you. all right, how do we think about the markets going higher and what the fed needs to do? the byproduct of what the fed

needs to do, theoretically, should be a decline in asset prices, dan? that should theoretically be higher unemployment, and things like that. the higher the stock market goes, the more help corporations get. they get a bit more of a bopper. >> okay, we are seeing housing rollover a little bit. some of the stuff and the employment data does not seem particularly great. because of the inflationary pressures, we do see the peak margin situation. we are seeing job cuts. listen, the higher stock market is good for everybody. does not do the thing they wanted to do. they want to bring down asset prices, like deflate the asset bubbles. i don't know if mortgage rates will budge anytime soon. i think august is a tough month. we have the jackson hole meeting. i think, if you don't trot out the governors, and they are not particularly hawkish, the market will float up.

i am not chasing nothing. there will be some nice trading opportunities. these guys are beaten up. >> i think housing is an interesting story. that is about one third of the cpi. it is not coming down. this is something that the fed will try to target. it needs to come down for cpi to come down. homebuilders are doing well here. the idea that rates could come down or not be as high. over the long run, even if they do tap down inflation, they are pushing the issue down the line. you have 70 million millennials out there that are on the stage where they are getting houses. after that crisis of 2008, there was a shortage of 4 million to 6 million units. we can see that come down a bit, but as a long-term, when you look at the homebuilders, it could be an interesting opportunity. we have an interesting purchase from our own dan, this

stock is down more than 40%. could there be an opportunity here? we are looking at the names ishe scooping up. a high-energy option is coming at you. where's the group heading? we bring you the action when "fast money" returns .

welcome back to "fast money" , [ indiscernible ] eked out a gain. one option trigger is betting on volatility ahead for energy. it is a relatively quiet day on the energy front. one particular trade stuck out, it accounts for nearly 15% of the entire day's volume. xle has been trading for the last few months. one trader purchase 7500 contracts of the november 76 battle, paying $11.10. to put that into context, this is in $1 million bet that energy shares will be materially higher or lower by the november expiration, by 15%, just to break even. one trader is betting on more volatility going forward and for xle to break out of the

trading range it has been in. tony, thank you. how do you feel about energy? there betting 15% of spot. that is aggressive. this is why the pullback in energy and the latest cnbc reading gives me some pause. you see the volatility that is still in the complex. for those reasons, we had to take this step by step, rather than extrapolating one data point in trying to make an entire story based on that. stomach you can tune in to the full how. coming up, dan is making moves. that's right, we have been using this for 35 minutes. it s time to finally reveal what mr. risk reversal has to say. investors are ecngchki in for the shares of airbnb. what is on the jump? we have the details and more when "fast money" returns. with innovation that lets you customize interfaces, charts

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welcome back to "mad money". dan is making moves in his portfolio. this trade set us by surprise. >> you will never hear me say i want robin hood.

we were trading on a horrible quarter. there was nothing good. i reversed and traded up. i said look at this thing. it has been flatlining. i think it is a one up. it could free up, or could be one down. this is in a squeezing market, that being said, i spent, late spring. these were basically treasuries. i am out of the "trade it or fade it?" on yields . i had things that were down 50% or 60%. i am out on netflix and meta. i really like shop is new. >> how long do you think you'll hold onto this? >> some of the returns. i purchased meta up 10%. some of these things will move really quickly. snap is a long-term thing.

there are many gaps to be filled. i believe paypal was down 80% when i purchased it. the bottom i be down. the hood is a bit more betrayed. that goes from 10.5 to 13 or 14, i would be out. he met courtney, what you think?:i am more cautious on hood and energy. they need to have better recurring revenue streams. the need more people coming to the platform. maybe it is a short-term move. >> this has nothing to do with fundamentals. this is just the market we are in. >> on the day when you see these stocks, you see their stock rise. this is the kind of trade that goes higher. can you be in that trade? >> the only solution is trading. you cannot really invest in this market. i do understand the set up. it is one of the squeeze names that has not had the balance. i did mention at the top of the show, we do cruise lines in

coin base, what positive news came out? they were up double digits. you might as well get in on the trade while you have the opportunity to do so. he did say it three times, he is trading at. he will be nimble. i will call him before that $14 mark. >> what you say about having a long time to sell or rally? what is the saying that is catchy? >> it is the great [ indiscernible ] that took her q from spinal tap. no longer in space, the greater in outerspace, something to that effect. i am not really sure. the market does not give you time. go back and look at this. we talked about this on the show. they had layoffs in the next day they reported earnings. they traded down. we said, that is a [ indiscernible ]. the stock has

been off to the races. when it gets to 10 times revenue, you sell it. we are light on time. what year was that picture of dan taken? can you put that up? >> 2008. >> look at that thing. he looks like he is in middle school. stomach bright eyed and bushy omh ed. stacgoes into thousand eight. >> that is crazy. we have to update nothing. this is a classic case of pops and drops. we bring the details behind these moves and trades. we have much more "fast money", after this. or even well-spoken. (man) ooooooo. (vo) but there's just something about being well-adventured. (vo) adventure has a new look. discover more in the all-new subaru forester wilderness. love. it's what makes subaru, subaru. you'll always remember buying your first car.

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welcome back to "fast money". look at airbnb surgeon. the rental house in the u.s. increased 50%. this is despite the rising inflation. this is the a new trade. >> this is the don trade. the day was disney. today, we get the a. this is an expensive stock on evaluation. if you look at the analyst price range, this is between 125 to 175. when you hear things like this,

does suggest that airbnb will do well. look at the bookings and holdings. that was surprisingly good. stick with airbnb. to make the consumers are getting some reprieve from inflation. without travel names going higher. do you believe that bounce? >> i don't think you chase it. a lot have eras been taken out of this. this is when i own. i've traded around it. i do like the long-term name. i would not be trying to chase this one for a trade, unless you believe in the long-term story. i don't think the consumer is out of the woods. stomach now to a buzz kill, wendy's shares fall onto the fast food chain reported disappointing sales numbers. the ceo cited the more strapped consumer. the stock was down nearly 2%. clearly, they are feeling it from all sides. wage inflation, consumers

healing inflation. as a specific to wendy's? is this industrywide? stomach a little bit of both. what you're seeing now, unfortunately, inflation is affecting the lower income household. we have something like wendy's, they will feel this more than starbucks that is toward the higher income consumer. they are saying that demand is steady. i don't think this is industry specific. if you look at your restaurants coming my want to lean toward the one that will be less affected by the low income households. make fuel coming down is to help. >> no doubt, we will debate this for years. if the worn ukraine didn't happen the way it was, we would not be talking about this the way we are. want to remind viewers, what is going on with china and taiwan, you could've said the same thing about ukraine and russia months before that. we might find ourselves in a whole host of different geopolitical messes in a few

months. if there's any disruption to this semi conductor supply chain with all the production and taiwan. of next is final trade. inv? at pgim, the pursuit is on for outperformance. as active investors, to outdeliver with customized strategies, integrating esg best practices into our investment decisions. as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. join the pursuit of outperformance at pgim. the investment management business of prudential. (♪ ♪) how do we demonstrate our unmovable strength? (eagle call) nope. how do we show that we'll stand tall through the storms? nah. (thunder) how do we make our clients feel secure and- ugh... not lions. (lion rumbles) we do it with our people.

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welcome back to "fast money". let's look at the earnings movers. disney is holding on to the strong gains after adding more subscribers than subs expected. to beat the top line by 7%. shares of sonos plunge. this says they faced a more significantly different macroenvironment. bumble is down 12%, lowering the forecast setting the competition for match.com and a $20 million impact from the war in ukraine. i do not know they offered it there. time for the final trade. guy? >> is not lost on me that as gas prices go down, in the context of wendy's and cg, the gas will go higher, if you know what i mean? >> oxley.

>> warning? >> i am going to xle. >> [ indiscernible ] >> dan? >> i like snap. >> all right, thank you for watching "fast money". we will see you tomorrow morning . "mad money" with jim cramer starts right now. there is always a bulwark. i promise to help you find it. "mad money" starts now. hey, i am cramer. i am trying to make you some money. it is my job, it is not just t