index crossed over into positive territory. whether good or bad it's underpinning certain parts of the market. >> cpi, the next great hurdle. >> you can't have any more conviction, no conviction level can supersede what the inflation numbers are going to show. >> yeah, all right, see you tomorrow for the final trading day of the week. that's mike santoli. "fast money" is now. a horrible hangover for google following yesterday's less than stellar ai of bard tumbling 4%. a digital decide where alphabet is heading next. nelson is dropping his proxy on disney minutes after iger said buying the rest of hulu is no lamb dunk we'll break down the magic kingdom mania. tesla's one-month move, expedia's after-hour tumble and a flowing week for uranium i'm melissa lee. a full desk in-house tim, karen,

guy and nathan the battle breaking out in big tech, alphabet dropping sharply after yesterday's ai flub. that is at its lowest level in three weeks and microsoft holding relatively strong after its own enhanced bing reveal up over 2% since monday versus a more than 9% decline for alphabet the google parent on pace for its worst week since november. much more on that in a moment and how traders are trading. shares of lyft plunging after giving weak guidance kicking off just moments ago top of the hour. de deirdre bosa is dialed in. >> what is hitting shares hard revenue forecast, that was a more straightforward metric of the two. falling short of expectations at a time when ride sharing is supposed to be recovering and setting up a contrast with uber which was more positive in its outlook. don zimmer said the recovery and driver supply surprised them and

that's partly what is weighing on the p & l and outlook, as for profitability adjusted ebita guidance between 5 million and 15 million is due to seasonality and change in demand and for the last -- as long as these companies have been product uber and lyft have traded in tandem they have broken away and this quarter kind of underline that uber will continue to sort of keep dominating the market while lyft struggles and perhaps gives up market share. >> it's interesting that john zimmer was quoted saying ride share is back yet in terms of numbers of riders they're not back to prepandemic levels and so i wonder had they say the driver shortage is has abated quicker than expected, does that mean that the demand just wasn't there even though the drivers came back? >> you know, i'm with you on this, melissa. it's confusing and i did ask him that as well i said, were you not prepared for this has the demand fallen off, and the best answer they gave us was

that that dynamic caught them off guard which doesn't sound great because uber saw this coming but, you know, record revenue for them but growing at what, 21% versus uber's 50%. lyft has not become a diversified business in the same way uber has throughout the pandemic in terms of their monthly active platform users, was -- did come in better than expected but, again, just not moving the needle in the same way and lots of outstanding questions about market share. >> keep us posted. deirdre bosa, the conference call under way right now lyft, by the way, two of our acronyms for 2023. it's in yours. >> the fact that uber's diversified -- we used to talk about lyft as being a concentrated play and that's why you wanted to own it that's not the argument. zimmer's comments are the biggest problem. this management team has been so poor at communicating to the market, this management team i think is the problem and for a management team guided for adjusted ebitda, whatever that

means of a billion dollars by '24 and say 5 to 15 million in the next quarter is the problem. you mentioned it the fact that they're about 20% below prepandemic in terms of active riders. not controlling your inventory or supply side is a big problem. i actually sold kind of my position equivalent in up. side calls which still leaves me long in the stock and want to explain. we talk about it all the time. it's great to sell upside calls when you have a stock that's run and keeps you in the position. while that felt pretty smart on some level because i expected a little bit of a pullback, i didn't expect this kind of a move. >> dan >> it is, the tlsq that you're tracking the stock was trading $10 at the end of december and just trading at 17 so, again, this is a sloppy quarter and guide and i think there will be a lot of questions there. you know, but, you know, giving some of this back, i think it's actually emblematic of the market we're in. like the way that people were buying stocks, this company is still expected to lose money on

a gap basis for years to come. okay that's one of the stories i think the differentiator between uber, i mean, they are speaking to getting, you know, to profitability much faster than these guys have, but to see the stock down 25%, that does not surprise me given the quarter they have, the excuses on why they gave that guidance and how far the stock has run. >> probably round trips now. you said from 10 to 18 i can do that math i mean that's -- well, i mean it feels like that's what we're on the verge of huge volume and have 150 million share data tomorrow or monday. probably ten timesnormal volum and reload again it isn't necessarily broken. just -- it's interesting tim said that for a long time the pure play lyft was a better play the pendulum swung the other way and uber is more diversified more interesting and their pathway to profitability is probably more clear. but this is a tradeable opportunity. i think it probably comes in the form of 10 1/2-ish where we bottomed out a month and a half

ago. >> google's brutal week. that drop has traders on the desk on opposite sides of the action karen, what did you do with your position today >> so, you know, ruminating all night over it and, you know, i just decided if i owned none, would i want to have some? absolutely would i want to have as much as i have no >> okay. >> because i don't know what to make of this threat here, right? so i feel like, all right, it's a little irresponsible to dismiss it, right, i mean we've seen threats before. but i feel like, all right, i sold about 15% of my position, so it took me from about 12 to about 10-ish which is a very big position for me still. i just feel like it's sort of the responsible thing to do. i also sort of feel like, all right, this guarantees it is the bottom, having done that today, but i feel like, it's just the right thing to do so still very much invested in google. but it was more of a portfolio management thing than anything else. >> when you say the threat, let's be clear, that means the

threat posed by microsoft from an ai enhanced search? >> yes right. >> see that specifically. >> i don't think the doj thing, that's not part of it. it's really that threat. they did it to themselves a little bit as well yesterday, i mean, that was -- that was good for a couple of points >> i think the threat, the question, though, it's not necessarily a threat to google, it's a threat to their margin and i think this was the attack by microsoft and so for a stock that's fallen 15% in two days i think this is an opportunity i was selling puts which means i'm giving myself a place to get the stock and own it a little lower and picked the lows we hit back in october. you know, to me google is a company, they've been in ai for eight years. this is a company that is so invested here and i get the fact that microsoft -- >> why haven't they put ai with their search engine before microsoft? >> well -- >> they have not in this way, right, right, right. it's not like -- >> yeah. >> fair question, i will say

their release on wednesday was lackluster, microsoft has a whole lot more to gain when share of search is 3% and google's is 90 it's asymmetric. this is a big opportunity for google it's an opportunity. >> it's not just search but across productivity tools. that's what i think microsoft is really worried about they're not worried about, oh, search they'll just run away wit. they ran away with it. it's over so might they gain some share here and there, i bought the stock today at 94 to tim's point it's down, you know, 15 bucks in two days on something that we will not know what comes of this for quarters if not years in ray way so to me i just thought that was a really interesting opportunity. when i see investors panic the way they did off something that is not in the here and now and the flip side of that because microsoft has had such a big run over the last week i bought a put spread in microsoft over the next two weeks because i think that will come in and this will settle out a little bit and people will start thinking about it the way you have and what i hear karen say i sold 15% of my

position if things settle out and get a better sense you'll probably buy it back it's the cheapest of all of these big names and, again, they have the monopoly. obviously there's regulatory issues but when you see mexico city flexing in their sandbox it maybe takes some pressure off from a regulatory standpoint. >> there is a little bit of a hair on fire notion about google being behind in ai posed by the company. the company themselves put out that memo all hands on deck. they called back their founders, bryn, page, come back, we need help with ai they set themselves up with this perception. >> it is a misstep on their part but that's a different conversation for sure. i mean they're so far ahead of the curve on other businesses that, all right, they're behind the curve here they could probably make up for it on the back end at some point but the trade to me is microsoft without question i mean that microsoft quarter, quarter was okay the guidance was not good. we talked about it wait for the conference call stock went from 253 and traded

down to 233 which is where it should trade now proceeded to rally $45 on nothing, maybe the last ten bucks on this so the real trade if you've been long microsoft and caught that thing cold, get out of it because i think that's what's going lower. >> we've all been discussing this as sort of the notion of a trade, one benefits the other's gains. could there be an outside winner as these companies are engaged in this battle spending on this, you know, dedicating talent to this, that other companies will swoop in there. >> yeah, and they're all private and prerevenue and getting $250 million from our friends in vc without actually having any differentiated product right now. you know, open ai with this chatbot or chatgpt is so far ahead and i think you'll seen -- it liked like hair on fire. >> what does that term mean? >> it would be -- >> metaphorically i'm having trouble. >> bad smell and just probably uncomfortable a little bit >> i know.

>> well, there's a lot of product in here. it would go up like that. >> i thought, all right, i dropped, stopped and rolled a little bit because i don't think my hair is on fire but -- >> can i see what's going on >> a trading point we say this to people all the time how do you make a position to change a position? what you did, it's trading 101 you have to move your feet a little bit, right? all of a sudden you're unsure, had a big run and moved your feet and sold 15% of your position and my point is you'll probably get back in at some point. maybe it's lower or higher once you have more clarity is my point. >> she said it a thousand times. if tonight i'm long but i didn't want to buy it today i shouldn't go home long or something. you say it a lot better than that the point is you're acting on that which is impressive. >> all right let's get to early investments in pinterest, airbnb, draftkings, ai top investment play and rick heitmann great to have you with us. >> thanks for having me back

you didn't deploy yesterday or when microsoft decided to buy a stake in chatgpt so when did you start seeing this as sort of the next wave? >> it was -- >> and what way because ai has become such a buzzword how are you investing? >> it became a buzzword but saw data was starting to be released that became a machine learning so you could have algorithms around it or software around it and that led to ai which is software learning from software. and probably 5 or 7 years ago has this got unlocked there were different applications, either hore sonal ai that does jobs in the background of software politics or vertical which does jobs around search or writing college essays if you're chatgpt, or whatever it may be so that has been a long-term play for us and now it's just starting to get hot again in the ecosystem. >> how do you think about the end user of ai in terms of when you talk to a company, who is

their end user and does a consumer end user versus a corporate end user make it hotter than the other? >> actually corporate user makes it hotter. processes billions of documents for the government every day and takes the forms from the dmv, from social security and says, i want to make sure dan is really dan and make sure this is really his address so just the processing of vast amounts of information is the best use of ai and obviously as you get someone like social security administration as a customer that's a long-term customer, up prefer that as opposed to people using ai as a toy. >> rick, what does it mean to you as a vc trying to deploy capital in an efficient manner, right, being cognizant of valuations when you have companies like google or alphabet, you know, like 250 million here, 250 million there. spreading it around. probably makes your job a lot more difficult. >> mains it harder but talk about when did google start? seven years ago they bought a company called deep mind, which

they paid more per engine, bought it on think a $3.5 million per engineer basis. they had no product. they had no technology and in general venture capital said this was the end we have to be out of this business and we said, maybe, that's not true. maybe we should go back and think about what's going on but things like this do -- we hope it stays very quiet for as long as possible. people get to build real businesses and then when the giants come in and they feel like they're behind, it's a great time to sell >> when you take a look at the stock reaction, alphabet's and microsoft, what do you make of that i mean, you know, did google really lose? i mean was it so horrible what they unveiled that they warrant this drop? >> i think you put it well there was a perception issue so they've been working on ai for decades and ai is such a general term that you could call it really anything ai now and so they've been working but the panic, we have to call back our

founders and announce secret that's not really working and being reactionary to bing, that's not a sign of strength, right? i mean the old adage your lines don't sweat lambs. it's weird that google is sweating bing so that was more of the emotional reaction people were reacting to. >> rick, always good to see you. >> good seeing you. >> rick heitzmann. >> lions don't sweat lambs. >> an oldie fashioned saying you might utter. >> better to spend one day as a lion than a thousand days as a lamb is some kind of proverb. >> i think you made it up. >> i did not go to your a:google machine and check it out. >> except it wobble wouldn't work. >> hey, hey. >> for me it wouldn't work his point about google panicking here is exactly right. they're paying are to it in terms of market cap but at a certain level it becomes very compelling the problem, of course, i've been saying that for awhile but out of the four or five big ones

that's the cheapest in the bunch. >> i'll say this, i did buy a put spread near term satya nadella, this is his sweet spot when you listen to him talk about this and talk about a company that -- a product they have not been excited about which is bing in a long time and the way they're talking about integrating this so that is i think long-term this will be a really important part and i think he's done such an amazing job transforming this company over the last, what, ten years or so this is probably the next iteration of it. but, again, i'm not sure you buy it to guy's point, 233 to 270 in a straight line after disappointing guidance off something that won't materialize for awhile. >> a of coasked is this an azure moment. >> they want it to be. made this announcement as if it was 2007/2008. i'll throw it back and say this, you know, for google, they grew 32% on cloud in a quarter that people didn't expect them to grow that fast and outperformed.

what they're doing in cloud is really a threat to microsoft too. i would reiterate what rick said and what we said here, we don't know where this is going and making -- dan said this, making a decision in two days, i love how, by the way, we all reflected it could be an options action more options talk here friday at 5:30 on cnbc >> coming up, the treasury measures are about to hit a milestone not seen in four decades. what it is and what it could mean for your money. the earnings keep rolling, in expedia and paybalance on the move details from both arrsqute when "fast money" returns was hiring local talent. if i knew about upwork. i would have hired actually talented people from all over the world. instead of talentless people from all over my house. welcome to ameriprise. i'm sam morrison. my brother max recommended you. so my best friend sophie says you've been a huge help. at ameriprise financial, more than 9 out of 10 of our clients are likely to recommend us. our neighbors, the garcias, love working with you.

because the advice we give is personalized, hey, john reese, jr. how's your father doing? to help reach your goals with confidence. my sister has told me so much about you. that's why it's more than advice worth listening to. it's advice worth talking about. ameriprise financial. power e*trade's award-winning trading app makes trading easier. with its customizable options chain, easy-to-use tools, and paper trading to help sharpen your skills, you can stay on top of the market from wherever you are. power e*trade's easy-to-use tools make complex trading less complicated. custom scans help you find new trading opportunities. while an earnings tool helps you plan your trades and stay on top of the market.

just look around. this digital agernings tool we're living in,n your trades it's pretty unbelievable. problem is, not everyone's fully living in it. nobody should have to take a class or fill out a medical form on public wifi with a screen the size of your hand. home internet shouldn't be a luxury. everyone should have it and now a lot more people can. so let's go. the digital age is waiting.

welcome back to "fast money. earnings alert on expedia shares are dropping after the company missed on the top and bottom lines and seema mody has details. >> it is trying to stage a reversal as ceo peter kern talks on the conference call and shared that hurricane ian and went storms drove up cancellations that caused q4 numbers to come in below expectations he also mentioned that friction in transitioning its business model after going through a major revamp weighed on results. however, post the disruption he says 2023 is off to a great

start. he's citing improvement in bookings in january. that is what is helping shares come off the low down as much as 8% he joins me on "techcheck. growing its market share outside the u.s. is the question as china re-opens and north america makes up a majority of bookings and of course at what cost that was one concern, the increase in marketing expenses we saw in q4. >> seema, thanks seema mody guy. >> it went up 55 over the course of a month and a half. they needed to crush it and did not do that. like some of these others there will be a level to buy it. it's not here. 116. it's not here. it probably fines a home around 105 then another conversation we'll have. >> i think given what was seemed to be somewhat disappointing i think it trades really well, actually, right. given the run it's had i love to hear marketing expense is up. you know who travel marketing expense would be, google or i guess now bing but i want to say google

much more -- >> hearing about severe weather or things that are short-term head winds is an opportunity to buy. that's not why it sold off it's a valuation and multiple if i'm looking at trailing. i don't know where they are on a forward basis that i think we all would say in this market you're not paying what you were yesterday and that's the problem after this kind of a move. >> paypal out with earnings. initially positive but in the red after reporting a mixe quarter missing slightly on the top line beating on the bottom line and that's under way. kate has the latest. >> yes, so paypal raising its full year guidance for eps and announcing dan schulman is stepping down and described the ma macro environment as difficult with the overall growth of e-commerce continuing to slow and said they're growing in line with e-commerce despite more competition and holding on to market share and base line

assumption consumer spending will remain under pressure but seeing signs inflation will cool he said it's logical to think discretionary spending will continue to increase active accounts and payment volume were a bit light for the quarter. growth is slowing in two key areas, first, total payment volume, that growth of about 5% and that was down from 23% a year ago and then we also have active accounts lower than expected at 2% growth. paypal had mixed guidance for the first quarter but it is raising that full year eps guidance lowering operating expenses as well for the year. it's part of that cost-cutting plan spurred on by activist investor elliott management. i spoke to dan schulman about stepping down and asked was there pressure from that activist he said none whatsoever. he's led paypal for nine years and wanted to give the board enough time to search for someone new looking externally and internally at paypalace well and he said he will stay with

them to make sure the transition is smooth. >> thanks, kate. dan. >> here's a company where expectation has been coming down for more than a year so now if you look at it and the valuation and expectations for midteen, earnings growth 10%, sales growth for the next couple of year, margins maybe bottom out and had a huge spike in the pull forward during the pandemic. this is one that i think you'll have the opportunity to buy back near those lows from december around 70 so, again, what do we talk about every single one that reported earnings, big ramps off the lows and now i think it's like, listen, i think the fever has broken in the market you can see that in the nasdaq a little bit and this is probably a bit more rational action so to me i'd be patient and would be a buyer. >> pinterest is a $180 stock in january of '21 when news came out they denied. that was the tell there they needed to buy growth and there's not been a growth story now in 14 months and this really has not bounced off the recent lows. a little bit but not nearly to the extent some of the other

stocks that's a tell in and of itself. >> i think there are a lot of people on the street who would be happy with a new ceo. the idea of a new one to shake things up that things have gotten a little stale, not innovative and we see competition coming in as well. >> fever, fever broke, full moon fever, cat scratch fever, johnny fever. i think for paypal the first round of fever was a high multiple of stock. the second is what they're seeing here. both should be priced in although we don't know about the multiple 19 times forward is not terribly expensive but headlines worried about discretionary spending we know that and that should be in the stock price but i think at this point there are head winds for a lot of these folks and i think paypal is probably not cheap enough yet >> coming up stocks closing out in the red today as earnings continue to roll in. one of our traders seeing something of a yield curve that hasn't been seen for more than 40 years. plus, a day of disney. one activist investor throwing in the towel putting an end to a proxy fight but the new plan

means for investors. you're watching "fast money" in times square back after this. [music - cover of blondie's “dreaming”] [music playing] ♪ imagine something of your very own. ♪ ♪ something you can have and hold. ♪ ♪ i'd build a road in gold just to have some dreaming, ♪ ♪ dreaming is free. ♪ accenture, let there be change. (vo) the fully electric audi e-tron family is here. with models that fit any lifestyle. and innovative ways to make your e-tron your own. through elegant design and progressive technology. all the exhilaration, none of the compromise. the audi e-tron family. progress that moves you.

doors lead us to new opportunities. your dedicated fidelity advisor... -surprise! -for you, mama. ...can help you open those doors. by proactively reviewing your entire portfolio. with an eye on taxes and risk. doors were meant to be opened. another busy day? with an eye on taxes and risk. of course, you're a cio in 2023. but you're ready. because you've got the next generation in global secure networking from comcast business, with fully integrated security solutions all in one place. so you're covered. on-premise and in the cloud. you can run things the way you want... your team, ours or a mix of both... with the nation's largest ip converged network, from the most innovative company. bring on today with comcast business. powering possibilities™.

welcome back to "fast money. another check, stocks closing in the red near their lows, the dow dropping 250 points. 9 s&p down nearly 1%, the nasdaq falling more than 1% take a look at lyft now down 30% after earnings and check out the spread between two and ten-year treasury yields hovering near a 41-year low. a 41-year low and last time it happened rates were where? double digits 19%.

>> i can't do that math. pretty quick math. >> i do remember and it's a problem and everybody -- i see people on the twitter saying it's different this time. no, it's not it's actually probably worse this time and i do think it's going into negative 1% in the form of 3 1/2, 4 and a half and i think the market is catching -- we're not always bearish, in june we said, you know what, there's an opportunity for the market to go significantly higher when the vix was 34 1/2-ish it went up 18% and happened again in october this week, some of the intraday moves you've seen this week are eerily reminiscent over the summer and fall of what we saw in the opposite and vix at 19 1/2, 20 i think we'll come back a month from now and say that week in february ahead of valentine's day was a similar week to what we saw in june and october run that tape if i'm wrong. >> funny, guy, in the green room said the vix looks like -- >> i did not say that. >> it wasnnts to party.

>> mid-20s on the vix and what's different this time about that october rally, that june rally is that what the fed has been telling us over the last two weeks is that they might have reasons to keep rates higher for longer that's a big difference, okay. so to me, that's why i think the fever has broken in the nasdaq and why i think the s&p is very likely to be unchanged on the year at some point in the next month or so. >> yeah, well, if you look at fed fund future, i'm sorry >> no, no. >> well, karen, probably -- i'll get this done future they're pricing in 100 basis points of cuts from august to may of '24 is that really going to happen karen? >> i agree with tim completely and dan, we got weeded out for a lot of different reasons but one lately is why are you so negative it's not that we're so negative. it seems i think to all of us that the market seems to not want to hear jerome powell who seems to be pretty consistent. >> la, la, la, la. >> yes, he sent out -- higher,

higher nobody wants to hear it. oh >> you got a decent singing voice. >> no, she doesn't no, she doesn't. >> we've done the "fast money" karaoke. >> we did that >> that was fun. >> but it was fun. >> it was fun. coming up disney's battle coming to an end but the future of hulu still top of mines tom rogers will join us next to weigh in on the director drama and what he sees in store for the streaming service. don't go anywhere. "fast money" is back after this. that's what you get from the morgan stanley client experience. you get listening more than talking, and a personalized plan built on insights and innovative technology. you get grit, vision, and the creativity to guide you through a changing world. ♪

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... ...glad we did this. [kid plays drums] life is for living. let's partner for all of it. i'm so glad we did this. edward jones

welcome back to "fast money. disney shares up 6% to close in the red near lows of the day and initially jumped after ceo bob iger announced a restructuring plan and cost cuts he addressed why activist investor nelson pentatoltz wasnt given a seat. >> he didn't articulate ideas that have of value to us some he has but we were already working on those when i came in we talked about cost cutting right away. we reorganized the company and recommitted to profitability and streaming so where is the need >> management now plans to do everything that we wanted them

to do. we wish the very best to bob, his management team, the board we will be watching. we will be rooting and the boxing fight is over >> an extraordinary moment on cnbc earlier today everybody won, really. iger got rid of a thorn in his side nelson peltz made a pretty decent profit on disney and i would think, karen, you tell me that there's no reason for him to be in the stock anymore. >> that's what i was wondering, right? we won't know that because he doesn't have to tell us although he seems chatty, maybe he will yeah, i think -- if he really believes this will work and this is the plan that there should have been then he'll probably stay but if not he might say, take the victory and -- i mean just took the yes. >> well, if you were looking at the chart and judging the reaction of the stock based upon nelson saying throwing in the towel you'd said peltz is an investor i still want you around because

the stock went from 117 down to close at 110 i'm not say had gone is totally correlated i think there's a chance to digest come news i don't think there was a great message that said yesterday owe pop was all there. i'm long disney but i'm going to tell you, i think people want to see a little more agitation. bob iger is solidly superstar ceo status and no one is knocking him out of there but having an agitator in the boardroom maybe not a bad thing. >> if you watched cnbc's "fast money" last night. >> everybody does. >> john legend has he's on the parthenon as well. this wasn't all that great and if cost cutting is a reason you're taking the stock to 122, think again and it turned out to be correct there's a value for in and we mentioned how it got expensive right before our eyes. but i think this reversal today on decent volume told you all you need to know. >> iger also by the way commenting on the future of disney's stake in hulu here's what he had to say.

>> everything is on the table right now. so i'm not going to speculate about whether we're a buyer or a seller of it but i obviously have suggested that i'm concerned about undifferentiated general entertainment and in the -- particularly in the competitive landscape we're operating in >> one longtime media exec saying it's time to offload hulu to a competitor like comcast the parent company of this network. joining us is former nbc cable president tom rogers tom, great to have you with us do you think that is what happens because it has been long rumored comcast would love to get all of hulu, buy the other two-thirds it doesn't earn to beef up peacock? >> let me first say, melissa, the iger interview followed by the peltz throwing in the towel live on cnbc made me very, very proud to have founded this channel almost 34 years ago. that was great television.

look, i don't think either company should buy or either company should sell. i think what they really should do is build this joint venture by throwing more of their streaming assets into it, develop it together, i don't know how realistic it is probably not given the relationship between these companies having been chairman of the board of a&e and history channel for ten years which was a joint venture between nbc and disney it can work and you can really grow a business if people are dedicated to doing it. i don't think anybody can catch netflix among the traditional content players unless they do something like that. but short of doing something like that, yes, i think the right answer is for disney to sell hulu, for comcast to buy hulu and both companies have reasons for those actions. >> would that make you more excited about comcast and its prospects in streaming if it bought the rest of hulu? >> i think comcast putting

peacock and hulu together would certainly make the overall streaming effort far more formidable i could see why disney wouldn't want to do it if it wanted to block a competitor but i don't think it has the balance sheet or flexibility right now to use blocking a competitor as a reason not to pursue that transaction and i think disney for many reasons would do much better consolidating the programming of fx and fox. it's going to lose the nbc programming anyway put it together with the abc programming on disney plus disney plus needs to drive price. it has to drive the value proposition. it now has originals at one/sixth as many as netflix does rich greenfield has done terrific work showing how the buzzy hulu originals just get no

viewing in the top ten weekly on streaming. 82% of minutes on streaming go to netflix and the top ten list every week 1% has gone to hulu. you dot to rectify that and the way to rectify it consolidate promotional efforts through a single entertainment channel i didn't think iger would give any particular view on that, but he ended up in the favored interview saying, look, we're open and i took it very much meaning that if they could come to a resolution here involving a sale, it would make sense for them to do it. >> it's karen. in terms of the arms race for content, disney talked about wanting to pare back, if you are netflix do you spend more to you or less or how do you view the landscape? >> well, netflix is so far ahead in terms of streaming expenditure relative to any of the others that whether it spends a billion less or a

billion more, what it is producing in terms of original episodes, what it is able to garner by way of audience, it is, you know, it's doing 8% of television time disney plus is doing about 2% of television time at the margins what netflix spends more or less, i don't think is really going to change the competitive balance. i do think that what disney has to do by way of cutting costs as all the traditional media companies do and cutting content costs while raising price meaning driving price while reducing the amount of quality content they put out there, i think netflix will be advantaged by that and clearly netflix is in a very different position having broken out from the rest of the pack and don't see how any of them on their own could catch them and why i would advocate a joint venture that's bigger as opposed to breaking it up. >> tom, always great to get your take thank you. >> thank you

appreciate it. >> tom rogers, engine media, guy? >> i have to say that because he's still watching and, listen, all the things that he's been talking about literally for the last couple of years in terms of netflix, disney, what disney needs to do, what they won't be able to do and now that they're not focused -- rpu is going the wrong way and tough to turn that needle back. made sense that netflix is still in the lead position but there's an opportunity to buy disney it's just not at 110 >> rpu you can't just blurt it out. what might have sent lyft shares lower it's down now 30%. back to d. bo. >> it's coming as it will hit revenue and profitability in the quarter. the current quarter. i thought this was interesting,

tech companies are getting the message on stock-based inspiration. lyft says it will reduce sbc or stock based comp to $400 million in 2024 which is still a very large amount so that may be why investors aren't super excited about it i asked president john zimmer if that means their cash expense will rise because they'll have to pay employees in cash, not equity he said, no, they will do things like hire internationally. makes me wonder, mel, if we could hear a similar tone from other companies on profitable tech that play employees in equity back to you. >> all right, deirdre bosa, thank you. down 30% this is the kind of market we're in we were having this chat i said that's amazing. lyft is down 25% when it was down 25% in one hour. that's just incredible you said actually it happened just yesterday with capri. >> yes, it did >> it happens often. >> not often >> between the two quarters, i'm saying that's the kind of market we're in and the kind of

reaction that bad news elelicit. >> the run this company had, right. i'm looking and surprised uber, if all those things are true you would think it would translate to uber in some way down 40 cents from the close that's nothing well, i don't know why that is is it so specific to them -- >> drivers are only going back to lift and not uber how can that be? >> doesn't make sense to me if there is a greater supply of drivers that has anything to do with surge pricing how are we connecting the two? we heard them, giving a defensive response to why maybe margins are coming down and their profitability. their supply side in terms of managing business and we get that and it's one of the reasons why i think -- i don't know. i'll speak with dan for his acronym. mine what is this company that should be independent of any economic die yndynamics it's really go their ability to control their own balance sheet and right now it doesn't look like it. >> coming up on electric update.

tesla ripping higher but after such a big run do shares need to recharge dan details how he is playing the name next. during february we're celebrating black heritage here's the founder of 15% pledge >> i launched my brand in 2013 with one simple goal, supporting african artisans and launched it just $3500 and a flea market in new york city and since then i've gone on to sell millions of dollars worth of shoes all made by incredible artisans across the world. in the wake of george floyd's murder it occurred to me just how little access some of my peers have black owned businesses were over 40% likely to close during the pandemic so i launched my nonprofit, the 15% pledge as a call to action for major retailers to commit 15% of their shelf space to black owned businesses and partnered with over 20 of the biggest retailers across the country and now in the process of shifting over $10 billion to black owned businesses across the country.

lomita feed is 101 years old this year and counting. i'm bill lockwood, current caretaker and owner. when covid hit, we had some challenges like a lot of businesses did. i heard about the payroll tax refund, it allowed us to keep the amount of people that we needed and the people that have been here taking care of us. see if your business may qualify. go to getrefunds.com.

i was born on the south side of chicago. it has been a long road, but now i'm working for schwab. i love to help people understand the world through their lens and invest accordingly. you can call us christmas eve at four o'clock in the morning. we're gonna always make sure that you have all of the financial tools and support to secure your financial future. that means a lot for my community and for every community.

♪♪ i was having challenges with my old bank. lots of red flags. yellow ones, too. fees, penalties... unnecessary fees! ...playing dirty. so i broke up with bad banking and moved on with sofi checking and savings. now, i earn higher interest on all my money, and pay no account fees. feels good to get my money right. banker disqualified! break up with bad banking. get up to 3.75% interest, and earn up to $250 when you set up direct deposit. sofi. get your money right. welcome back to "fast money. tesla taking higher yet again. the stock up straight straight sessions in 13 of the last 14 and has more than doubled from

its lows of early january. dan, you've been short what have you done >> well, i've been averaging in. i started buying that tslq when it was 59. my average is 50 about trades some of my best trades have started out as my worst trades and, again, you know, this is really just trading around something here and averaged into it and gotten to a pretty sizable position for me as i think about this and so i've also tried puts in tesla, that sort of thing so moving my feet a little bit here but i really do think this thing is about to break and know a lot of investors focused on the march 1st analyst day and think about the guidance they gave and some of the commentary on their call a few weeks ago it wasn't particularly great i don't think they will have anything new to say and the situation in china hasn't gotten better this is a mania. we've seen these kind of moves and feel comfortable about it right here. >> the analysts say it will focus on electrifying the earth. the earth. did not -- austin, not texas,

the earth, the earth, the earth. but this goes to show you what a showman elon musk is and how the stock typically responds to this showmanship. >> cult of personality is alive and well here in the investment community. it still works and karen says this all the time. it probably should have never traded down to 101 in the first place. we can have that conversation, but by that same logic the fact that it's not rallied over 100% in what is probably 19 or so trading days, maybe a little more is equally absurd so can it continue to go higher? i guess but i think i'm with dan on this, the back and fill in the 170s, 180s makes a lot of sense. >> trying to remember, does it normally trade up into -- by the rumor in terms of -- >> like an analyst day or a reveal >> let's talk about a pickup truck when we actually need to talk about real numbers, you know >> he's a showman, though. >> yeah. >> i'll say this for tesla

and -- the car company that i believe that it is, this has been a very good run for auto companies. look at the move in gm and updates we've had. ford's update wasn't great gm's was extraordinary and gm traded like a champ so tesla is a car company. >> coming up we are mining some metal options and taking a look at uranium how traders are planning a big move in that "fast money" is back in two.

i count on personalized financial advice from my ameriprise advisor. she knows my goals and can help me reach them with confidence. the markets may fluctuate but you're still on track. more than 9 out of 10 clients are likely to recommend us. ameriprise financial.

i know we're having a good time here. welcome back to "fast money. the uranium trade, the ura closing off its highs, 12% so far this year. tim, you like uranium. >> i do and i'm long i'm long ura and believe this is a trade even when the times look the best is where you have to be patient. i think we know where energy supply and safety issues are going around the world and the great irony i won't get on a soapbox and talk about nuclear power but it's very misunderstood. the numbers that came out today, they're talking about long-term contracts and higher prices and about efficiency and, again, these companies have never been run better this is a trade that at times has bun one of the hardest to stay in.

this was in my acronym last year >> was it really. >> i think it was in the -- >> e.v.i.l. >> l.i.v.e maybe it was the year before how long it was a trade that hasn't worked. if you look at the uranium bulls out there i think they're probably more bowlish than i am. a passionate crew. >> some major bullish bets in the options market as well mike khouw has the action. >> we often talk about names before they report earnings and we're talking about it afterwords trading three times its average daily volume and the fed 29 1/2 call and saw over 15,000 of those trading for a average of 53 cents and closed lower by the end of the day when the premiums fall after an event, fall suck >> excuse me >> you know exactly what that means. >> it's a term, people

mike, thank you. you can learn all about it and other interesting option terms on "options action." this is going to be the highest rated show ever. 5:30 p.m nt nasas. you ok, ma >> announcer: "options action" is sponsor by think or swim, td ameritrade you should be listening to me. you want to be rich like me? you want to trust me on this one. [inaudible] wow! yeah! it's time to take control of your investing education. cut through the noise with best-in-class education resources that match your preferred style of learning. learn your way. not theirs. td ameritrade. where smart investors get smarter℠.

power e*trade's easy-to-use tools like dynamic charting and risk-reward analysis help make trading feel effortless and its customizable scans with social sentiment help you find and unlock opportunities in the market with powerful, easy-to-use tools power e*trade makes complex trading easier react to fast-moving markets with dynamic charting and a futures ladder that lets you place, flatten, or reverse orders so you won't miss an opportunity

i'm getting a better read of the supply chain and earnings withes company's top brass disney a most recent quarter,

can it prove iger is bringing back the magic i'm digging the numbers and my exclusive. watch or listen live on the cnbc app. one more look at lyft in the after-hours session not getting better down by 31% right now they're in both dan and tim's acronyms a lot of the year left to go we'll see how it trades but the imbalance between supply and demand in terms of drivers coming back faster that's trouble final trade time around the horn. tim. >> much safer call is pfizer down at the end of that range trading over the last year around 45, 44 going into numbers still out there great pipeline good valuation. >> karen >> yeah, so talking about lyft it's down 31% as melissa said. if you really want to buy it just wait three days today's day one. just wait. >> dan >> yeah, the google. i think you can start averaging into this and probably start buying it with an eight handle

but i think it has support lower. >> mel, i know everybody is talking about kd the genius of that tarasenko trade. a shoutout to melissa lee when you think about it unh. too cheap here. >> thank you for watching "fast money. see you back here tomorrow at 5:00. you tomorrow for more "fast. "mad money" with jim cramer starts right now my mission is simple to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now >> hey, i'm cramer welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to keep you from losing too much money on days like today my job's not just to entertain but to educate you about how days like this happen. so call me at 1-800-743-cnbc or tweet me @jimcramer. sometimes the stock market feels like a