to hear what she has to say about that, and also markets tomorrow >> and some of it has to do with global warming and the world bank's need to take that on. i'm really curious about the financial underpinnings of that which asana is so good at. because i know sometimes gets bandied about as a political thing. >> we're going have to ask her all about it tomorrow. that's going to do it for us here at "overtime. >> "fast money" begins right now. right now at "fast," jp morgan's jamie dimon says the economy is doing well and the consumer's got a lot of money. but a host of stocks leverage consumer spending getting hit hard today and cnbc telling a different story. who has the right read on where we stand we'll debate that. plus, a "fast money" face-off an epic battle royale between the solid safe returns of bonds versus the titans of industry across the markets would you rather netflix chilled. the company cuts prices for subscriptions in a host of markets from kenya to croatia and beyond could it happen here as competition heats up

i'm melissa lee. this is "fast" faa on the desk, karen finerman, dan nathan another potential black eye for boeing as the plane maker halts production of the dreamliner phil lebeau is on the line with details. >> we have confirmed this through the faa that boeing has halted deliveries of the 787 dreamliner the reason it is analyzing a component within the 7 87 fuselage. and the deliveries will not resume until the faa is convinced that the issue has been addressed but here is an important point boeing has not suspended production of 878 dream liners so what does this mean how significant is this pause in deliveries the fact the production continues, and the fact that the faa wants to make sure that the issue has been addressed tells me that what we could be looking at here, melissa, is more of a

documentation, an inspection protocol issue as opposed to something more significant that might cause production to be halted so what we have is a halt in deliveries when they resume, how long it will take to make sure that the faa is comfortable with the process in terms of the analyzing the component and everything is ready to go, that remains unclear. but no doubt this is taking some air out of boeing shares, which they went over $200 again. and people are saying look, we see nothing but great things for boeing this once again raises the question about their ability to ramp up and consistently stay at a higher production rate >> phil, will there come a time when we will learn more details what exactly the faa is looking at in terms of the component of the fuselage because the way you describe it, you make it sound like paperwork that they didn't file or something to that effect something regarding bureaucracy. >> right.

>> that hasn't been fulfilled. and the stock is down 3% >> keep in mind, it's not just paperwork. for pretty much a year and three months, a year and four months, they were not delivering 787 dreamliners. but they were still building dreamliners. that's why they have a large backlog of them that have been built but not yet delivered. the issue when that took place was regarding the protocol, the process for inspecting the fuselage within the dreamliner that may be what we have here. and in that case, and it may be the case here, it's a situation where the faa says we want to feel more comfortable that each and every airplane is inspected and goes through the process that it is supposed to go through before it's delivered. again, we don't know if that is in fact what's happening here with the dreamliner. but the fact that they have continued production indicates to me that this might be something similar to what we saw

last year. whether or not we get a more definitive comment from boeing remains to be seen >> phil, we got a chance to speak to the ceo of airbus this morning on "squawk box," and when asked about china, i thought the ceo had a very interesting response in terms of whether airbus had an advantage over boeing. i'm wondering with every quote, unquote black eye, not production halt, but delivery halt, any of these sorts of stoppages of some sort to getting those planes out the door, if that you think contributes to a reputational issue when it comes to these potential emerging growth areas. >> that's always a possibility, melissa, but i think that's really not the issue with china. at the end of the day, i think the issue between boeing not being able to deliver in china is geopolitical. the fact that we haven't got a trade deal that's worked out boeing is still very popular in china. and i think that its reputation generally is a very high quality

one over there >> phil, thank you so much phil lebeau. >> you get on boeing, shares down 2.4% here this is a stock that's run in the past few months. >> one of these up 100% effectively. we were talking about cycles it was in the low 100s in october, maybe in june as well rallied up to 2 1/4. peak earnings and peak revenue for boeing somewhere in 2018, i think it was close to $10 billion of earnings. $100 billion in revenues $17 a share. now that's been whittled down to probably about $6 a share at current levels and at that peak, the stock was 470-ish stock. all putting together the pieces. people will sell first and ask questions later in this name because by not doing so in years prior, they've been smoked that's what we're going to see here and the stock probably got itself a little expensive as well with through earnings, my sense is you're going to start to see some analysts downgrade this,

maybe on valuation it's not to cast aspersions about boeing it's run a lot people have been burned on the long side a lot, and i think it probably goes lower from the level we're see right now. >> yeah. karen, what's your take? >> i agree with guy obviously the 737 max was an extraordinarily terrible situation. before that, though, this would have been the kind of thing that would be really nothing, right i don't think the stock would move and if it were down, i think people use it as an opportunity to jump in but given that they have to do -- bend over backwards in every way possible, and given the run it's had, i think it's prudent to just wait if you want to buy some. >> yeah. julie? >> fuselage sounds kind of serious, kind of serious i think people are going to be pretty spooked and a lot of people have quite a bit of ptsd from last time with the 737 max. so i think it makes sense to kind of pause and wait, especially with this rally it's not like even when it's down 2 to 3% that this thing is

cheap. >> all right let's get to the latest lines of consumers getting tapped out now. dominoes plunging after a miss inflation and shortage of drivers a big part of the shortfall. papa john's under pressure again. earnings coming in below estimates. both companies forced to raise prices and wayfair tumbling 23% the online furniture retailer shedding 5 million customers and losing $1.3 billion last year. that's a lot of shelves. the pain even hitting the dollar shows. dollar general the lowest close since may. dollar tree falling in sympathy. so jamie dimon says the consumer has a lot of money, but the results seem to tell a different story. dan, what do you think >> this goes back a month ago when we started getting some of the bank earnings and some of the credit card companies. and when we saw some disappointing results from capital one, but we saw great results from american express. so maybe we're just seeing this bifurcation with the u.s. consumer right now again, i think it's important to

remember, while we talk about a lot of these layoffs that we've seen over the last couple of months, we also have unemployment at 3.4%, which is a 53-year low. that is the back and forth here. i know we're going to talk about jamie dimon. but just think about seven, eight months ago what he was saying about the economy and what he was saying on the air today. and so it seems like we're going to be having to figure this thing out as we get the data as it's coming out. you know, week after week, month after month. and again, i just can't imagine, though, that we just have a softish landing when it comes to this consumer. because if you're looking at the stuff that we're seeing in that subprime sort of category, it doesn't seem great and i just feel like that it has to kind of work its way into the other parts of the economy and other parts of the consumer. >> the retailers that have reported and the names you just mentioned now. it's not necessarily the quarters they reported, because you can make an argument that some of these quarters were actually okay. the domino's quarter specifically was fine. it's the guidance. and that's what should concern people

obviously they have some clarity. they have some vision in terms of what they're seeing and it doesn't look particularly good and i think most of these retailers and some of these restaurants no longer can pass the costs on to their customers, which is a real problem, as we've discussed a number of times. it's going to really impair them on the margin side of things, which effectively will hurt earnings a well. that's what we're in the middle of now and that's why at least for myself, i've been as bearish as i've been, because of what we're starting to see now. >> i mean, just way fair, which is a different animal, this growth at all costs and money losing and a very tech company that happens to be in the furniture business, obviously very housing correlated. >> sure. >> and when you start to see -- that was a pretty significant drop-off in the number of consumers. >> uh-huh. >> that's really going the wrong way. and so the stock is down a lot but it was -- it was in the stratosphere of, you know, money is free forever.

and down however, an enormous amount from there. still doesn't make this one cheap. >> right, right. >> so even down, got obliterated today. it should have, though because how much money they're losing, yeah >> all right and think about interest rates and what that's doing in terms of debt burden on the consumer gas prices which are expected to head higher. russian sanctions on refined products just went into effect this month, the beginning of this month and that's expected potentially because of a refining shortage worldwide to drive gas prices higher, pardon the punt, drive gas prices higher by summer. >> yeah, i think all of these things can be true, right? the consumer can still be out there spending in certain sectors. so mostly services, as we've seen them transition away from hard goods like gsprucing up their home but they are also feeling the pinch of their wallet just really not being able to cover some of these costs. i think what you're going

continue to see with retail earnings is a real dispersion of how well they do so the ones that are really delivering customers, manage that is really attractive and appealing, i think they'll be fine and the ones that are selling any old thing, it's difficult and competitive. and consumers are paying attention to how they're spending their money dollar general, if you look at its results in past recessions, it powers right through them it benefits from a trade down consumer and it has great value for them so i couldn't count them all the way out. >> i'm actually surprise you'd didn't talk about the general. >> yes, thank you. that's one -- it was a disaster today. and julie is right they've been able to power their way through, except that their guidance i think gave people pause. obviously gave people pause. we see the magnitude of the sell-off, which is probably the biggest one we've seen in the years we've been talking about the name i think the other thing that concerned people, other than the guidance was the fact that people look past valuation for a long time in this name they were able to sort of wrap their head around it but you can't wrap your head

around wit the guidance that they gave. i'm told with julie, people will reengage with dollar gen, but it comes back to the whole thing, sell first, ask questions later. we saw it in boeing and clearly saw it in dollar gen. >> if you can throw the chart back up there, the one-year, it was about to make a new all-time high in october. and what was making a low at this point was the s&p 500 look how they've acted on inverse. that thing is down 17, 18% when the s&p was up just about that that speaks to some of the rotations that we saw in the last part of the year into this year and so it's interesting, though, that that is starting to lead to the downside i also think it's interesting in a week that we had, we had home depot down 7% the day after their earnings >> right. >> and what walmart had to say you guys are talking about that right now. walmart reacted initially well and over the last two trading days reacted poorly. to me, you might see more corelation in this space as we do talk about higher rates for longer, what that means for this

certain type of consumer we might just be getting started i think with that recession talk again. and really, what's happened is we've just pushed that out a little bit a lot of people were thinking, i guess the market was pricing in the october lows that we were going have this recession really start at some point in q1, q2. maybe it starts to the back half of the year. >> for more on what's next, let's bring in kristen bitterly. great to have you with us. we're talking about the mixed signals that we're getting about the consumer when it comes to the high-end consumer versus the low-end consumer i'm wondering how you stand on that and how that eeducates your view of what's in the risk/reward markets right now with the s&p at 4,000 roughly. >> you really have to look at the data because the headline can be confusing for example, one of the data points that came out recently was around retail sales. and first glance, it looked really strong at plus 3% but there are a lot of adjustments that come in, especially in the january data to factor in seasonal

adjustments. so the unadjusted data was a decline of 16% so in reality, what we're paying attention to are things that are changing the consumer behavior, changing their spending patterns, because that's 65%, 70% of gdp and so credit card balances, we're keeping a close eye on credit card balances, which have already eclipsed prepandemic highs. consumers have spent through that stimulus and now they're spending based on credit so their behavior, we're starting to see these changes in terms of trading down, whether it's in the retailers, spending on durable goods as opposed to discretionary goods. so these are all things that are going to affect numerous parts of the economy and definitely corporate earnings >> it's karen. thanks for being on. let me ask you, you have a great insight into the consumer given that you see so many -- i don't know how many billions of transactions but for the higher end, the luxury good market, that seems to be completely impervious to

whatever economic cycle we may be in. do you think that will continue? do you think that divergence from the consumer who may be getting a little weaker? >> i mean, it is interesting, because you have started to see in the luxury part of the market, or you could say with a ultra high net worth-high net worth, they're not as sensitive to inflationary pressures as to other parts of the consumer. so where you're starting to first see the cracks is obviously in the most heavily impacted from an inflation standpoint but i think some of the interesting things happening from retailers are quite curious in terms of that trade-down effect and almost that you're seeing some new consumers we saw this recently, actually last quarter from walmart that they were getting new consumers, new customers into their overall base and so i think those spending patterns, it's not just one part of the economy it's starting to trickle through in all areas >> kristen, what are your thoughts on unemployment and just the job market in general it's incredible tight the labor

market is, how sticky this unemployment rate is around 3.5% this is just my opinion. i'm pretty convinced if the fed could wave their magic wand, they'd want this thing to trend up to 5% and let that do their job for them it's just not happening. you're seeing some things, though, i think in the housing sector that interests you on that front >> yeah. so i think what we have to do is break down leading indicators versus lagging indicators when it comes to the overall health of the economy and what could actually lead to then some declines in the employment rate. and so we've been following housing very closely leading indicators obviously, the famous one the inverted yield curve in terms of signaling the recession. but also new housing starts. so in the housing market, what we saw in 2022 was a big decline in new home sales, in resales of existing homes, 30, 40%. new housing starts, though, just started to decline at the end of last year. when we look at that into q1 of this year, we're seeing that

continued decline. and that's a part of the market. we talk a lot about the tech layoffs. the technology only represents around 2.5 to 3% of the overall existing labor force, where something like construction is substantially more so that's something from one day to the next, you could actually see a couple 100,000 jobs impacted as opposed to what we're seeing presently and that definitely would have an impact on the overall consumer spending backdrop >> so kristen, we're going to end it with this question. if you had fresh money to put to work right now in the markets, would you put it in a one-year t-bill or s&p 500? >> i would -- i have a hedge to this i would put the billtthe bill, would diversify across fixed in fact preferred from investment grade issuers, you're getting mid to high single digit yields on a tax equivalent basis you're getting high single digit

yields so magazining some of that reinvestment risk and complimenting that, especially if you're sitting in cash. make sure you're getting the best interest. and seven six-month t-bills are attractive, attractive around 490. >> kristen, thanks kristen bitterly of citi and karen, bought treasuries yourself it seems like all the rage these days all the cool kids are buying t-bills. >> we're just talking about our little treasury purchases. i've never made one until last year now i've made two. >> julie >> yeah, it's hard to argue for being bold about treasuries when all we do is equities. the reinvestment risk is not to be overlooked. i think being able to time the market is not something that i feel most people can do very well so i think you still want to have some level of investment in equity markets especially with unemployment the way it is. >> all right so every once in a while i like to quote our friend rosy, remember david rosenberg

>> of course >> he had a tweet the morning. i love this tweet. guy and i read it back to each other four or five times today >> sure. >> the no landing narrative is the biggest hoax wall street analysts have peddled since the decoupling -- remember the global decoupling 2008 thing follow the leading indicators, that's what you just said. to me, these really silly narratives, they bubble up a little bit and some these economists are so disconnected from markets, right. in my opinion. a lot of them are academics, that sort of thing what i love about a guy like rosy, he has been in the trading pits he is also an economist. he also likes to pick apart what i think sometimes is the universal bullish sort of consensus here so follow the leading indicators she just said it too >> the other night, didn't you yourself say no landing is the stupid itself thing you ever said. >> so rosy a fan of the show. >> what about a kerri strug landing? >> she is great. >> you know my thoughts.

>> the broken ankle. >> did she really have or was it theater at the highest level now i know kerri strug is a huge fan of "fast money." and i'll wave the flag like everybody else but that was a little fugazi if you ask my opinion. >> i don't know. a lot of kerri strug fans are going to be writing in right now. >> i'll do a backhand spring right now. >> when we come back all right. coming up, after hours action of block and carvana. we'll bring in the details from the quarters next. plus, google grinding lower, down more than 15% from recent highs, and the latest hurdle facing the tech titan ahead. don't go anywhere. "fast money" is back in two. kids moving back in after college. ♪ finally we can eat. ♪ you know you make me wanna...♪ and then we looked around and said, wait a minute, this isn't even our stroller! (laughing) you live with your parents, but you own a house in the metaverse? mhm. cool...i don't get it.

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welcome back to "fast money. earnings alert on block. shares of the fintech company initially lower, but now jumping after reporting a mixed quarter eps coming 8 cents below consensus, but revenues beating estimates. steve kovach joins us with the latest from the earnings call. >> hey there the company is showing healthy growth on a gross profit basis now overall, company showing 40% gross profit growth for q4 compared to the year ago quarter, and 33% growth for just

january and february of this year breaking down by segment, though, let's start with the cash app segment gross profit is up 22% year-over-year to $801 million and for the square business, the point of sale business, gross profit is up 64% year-over-year to 848 million also, by the way, the value of bitcoin on the balance sheet fell a bit because of the price of bit county to $133 million in the quarter. now i spoke earlier with block ceo about the growth in those segments she credited the sticky ecosystem of the cash app and the cash card. and on the square side, some insight into consumer habits, telling me there was some moderation in spending in discretionary items like beverages and retail, but that was made up by spending on services like health and fitness. the call just getting started. i'll have more updates for you guys as they come in. >> thanks, steve steve kovach up 6.7% right now, block we're not calling it square still, right >> again, i'm just going to say

this i think paypal is a much better value for growth better margins, that sort of thing. they're obviously doing some things okay over there at the block. but they're also on a gap basis losing a lot of money still. so i guess in this environment, where we're going to be dealing with higher rates for longer, i'd much rather go for a maybe slightly slower growing but more profitable company, like a paypal to me, that's where i'm focused on >> in this environment, i don't know if these p/e's fly. >> however, i think it was good enough if you look at the stock, look where we bottomed thought march of '20 look where we bottomed out over the last three or four months. did you do an oa on the square on cnbc's "fast money" last evening? >> you were paying attention. >> the cheapest thing you can do friday at 5:30 you should watch, it's going to be fantastic i think you can trade this one from the long side here. i will tell you, i think analysts will start raising their numbers on the back of what was actually a decent quarter. i'm not say it's going back to the all-time highs by any

stretch, but this can run on the upside >> all right carvana volatile after reporting a wider than expected loss in q4 cooling used car demand dropped by 23% year on year. the conference kicking off 5:30 p.m. eastern time. karen, this is a story you are fascinated by. >> i am fascinated by. obviously, the pandemic was the greatest thing imaginable for deliver a car to my home without touching. >> absolutely. >> extraordinary the balance sheet is kind of a mess they did seem to somehow come up with more liquidity than i imagine they'd would they seemed to have just borrowed against everything possible they have a cost-cutting plan in place. they lost more per vehicle thank god they didn't sell more cars sort of an accounting joke but i just find it kind of amazing. huge short interest. i'm long puts. they're probably going to go to zero i have march expectation they have big interest payments

coming due it seems like with this liquidity, they can pay them so the bottom line is they're still alive as an equity >> right, right. right. >> and that's worth something. >> i was just skimming through the investor deck. there are more -- they ended the quarter with more vending machines than they started the quarter. with what are they doing with these vending machines they're not selling cars i mean, they're selling cars they're not selling as many cars they're losing money on each car sold and yet they have more vending machines >> insane. >> unbelievable. >> and karen's puts, listen, her prime minister v timing might be a wee bit off. in our world being early but her thesis is spot on with this thing the equity could bounce on the back of this maybe but i think there is an inevitability to this entire thing that karen has nailed in my opinion >> all right there is a lot more "fast money" to come here is what is coming up next >> the fastest route to more trouble? alphabet facing yet another headwind this time over its maps app.

details on the tech turmoil, next plus, get ready for a "fast" face-off treasuries yielding more than just a handful of stocks so with these big moves in bond markets, where should you park your money the yield hunt is on and the traders have their picks ahead. you're watching "fast money," live from the nasdaq market site in times square. we're back rhtft ts.ig aerhi ess. (woman) it's a perfect fit for my small business. (vo) verizon has business internet solutions nationwide. (man) for our not-so-small business too. (vo) get internet that keeps your business ready for anything. from verizon.

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helping them achieve financial freedom. we're proud to serve people everywhere, in investing for the retirement they envision. from the plains to the coasts, we help americans invest for their future. and help communities thrive. welcome back to "fast money. we've got a buzz kill on alphabet shares, lower for a fifth straight day and down nearly 16% from highs of the month. the latest hurdle alphabet could be facing a third lawsuit by the department of justice, which is looking into whether the company

is illegally forcing app developers to use both google's maps and search products together the stock down as much as 2% at lows today, closing off just 1 under a percent here, 0.8% karen, what do you make of this slide? >> well, not happy there's that but i did buy some options today for next to earnings i feel like there is a lot of negativity surrounding the name. understandably so for a lot of reasons we talked about ad nauseam. but however, this still is an extraordinary company that now when you back out the huge cash for it is trading below a market multiple which to me seems excessive. excessively penalized. >> right. >> so i bought more here this is more of a timing trade than i have a big position already. i trimmed some when the chatgpt thing started to really take hold and now i'm buying it back. >> julie, what do you think the slide is all about is it concerns about an existential risk of some sort

because of chatgpt and bing or the markets don't want tech right now? >> i think it's both if you look at the rest of tech, it's really been dragged down pretty hard. and people were really concerned about the chatgpt situation which i think gives them a leg to stand on when they're talking to regulators about competition. it's going to really help them to be able to say ah-ha. you have chatgpt now, and it's super elegant way to look at doing searches i think it helps them longer term i continue to believe that regulation is going to be the biggest thorn in the side of google when you have this level of market share and this level of profitability, people are going to come after you. but i agree with karen i think it's overdone when you consider the level of market control they have. i agree. there should be a discount given the uncertainty around it, but not this this is too much >> yeah, it's pretty astounding. the stock was making a new all-time high in early january

of 2022. so just a little more than a year ago, put up a great quarter. at that time, i think a lot of investors were not concerned what the regulatory headwinds for these companies are because we've been talking about it for so long. so when you think about it, okay, down 40% if you logistic at those estimates for 20% earnings growth for the next couple of years and sales growth in the mid to high teens, trading at below a market multiple, 17 times this year, 14, what investors are saying now, they don't believe those estimates. and they're still waiting. that's the one thing we talked about. all of these earnings periods the last few years, why have we rallied in and around them is because we haven't had the big gut punches. we have not had the companies that guide down for the full year we're sitting here waiting for the nvidia guidance last night and you were like have they guided for the full year and none ozone watch these companies are doing that you know why the visibility is horrible we're getting deaths by a thousand cuts. this stock might be cut in half from its all-time highs, but it might happen without a full year guidance or so that's what is different about

this cycle for me. >> 83 and change i think was the low in november. i am hard-pressed to believe we get there, although if the broader market is going to cooperate to the downside, maybe we do this is levels where if you've been looking to get into google, these are levels where you start layering in, i think coming up, the yield hunt is on with rates on the rise, is it better to be in stocks or bonds? the traders have their picks in a "fast money" face-off. that's next. and a global subscription uptick the moves that netflix is making that has shares streaming lower.

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welcome back to "fast money. stocks riding a roller coaster today. but major averages all ending in the green. the s&p breaking a four-day losing streak to rise half a percent above the 4,000 mark the dow ending up over 100 points the nasdaq led the gains and climbed back into positive territory for the month. energy stocks among the best performers today as the sector posts its first gain in eight trading sessions and take a look at treasury rates, down today. but the one-year t-bill still yielding above 5%. that's better than the dividend yield on all but 20 s&p 500 companies. now the wild moves in the bond

market got us thinking are treasuries a better place to park your money than really any stock? let's find out with -- a "fast" face-off a matchup of stocks versus bonds. round one. with the one-year t-bill above 5%, would you rather -- >> that's wonderful. sorry. >> would you rather own that, the one-year t-bill or apple dan, what would you say? >> i'm just not a t-bill sort of guy. >> so no matter what we put up there? >> probably. >> carvana or t-bill >> carvana is a great example that stock could be up 200% and you can only lose 10 bucks you know what i mean it depends what percentage >> block really -- can you just giving you a choice >> i've said on numerous occasions over the past two months, if apple could go down and stay down for a little bit, i think it's going to be one of the best owns i think in the

entire market leading us out of this i really do. and i don't agree with some people who said there is going to be a different set of leaders that lead us out of the bear market i don't love the fact that the stock has gone from 120 to 150 in a straight line for idea of buying here versus the 5% t-bill. i think t-bills are a great place to park money you don't want to invest there is an alternative. if apple were to go back towards 125, i would be a buyer of that stock. >> thank you for playing the game, dan. finally, it took a little teeth pulling, but whatever. round two. the one-year versus eli lilly. julie? >> well, i mean, it's very exciting to be thinking about eli lilly, particularly their new drug which is a competitor for ozempic. and it's this miracle weight loss which if you spend any time on tiktok, which i do way too much, and i'm sad to admit it, you can -- it's really spread like wildfire. the level of word of mouth that this drug has received is

unreal and eli lilly has made the decision to move it from just kind of consumer usage to proper commercial usage for diabetics it's probably going to be approved for obesity at the end of the year. and it has a massive runway, right? i'm always going to bet on the u.s. consumer frankly the global consumer's desire to be thinner over the treasury. sorry. >> that's a pretty powerful proposition, actually. up next here, the one-year or toll brothers karen? >> they're both interest rate sensitive. they both like to see rates trade down a little bit. but i think the risk reward for me in t-bills, i'm just talking my book. i bought t-bills today you have a couple of interesting scenarios that could happen on t-bills. on the black swan kind of event, something with a default. >> right, which i don't think is likely

i think this flight to equality. if were the case, that would be the case and occidental petroleum, one of the o's in your mojo trade. >> yes, as i mentioned last night. does it really matter? >> and with apologies to the lacrosse fogos all you hockey center icemen and the great john wu. because we're sort of mixing our metaphors here >> nick cage, nick cage 1997 >> it's not that i'm innocent. it's not that i don't want the get in the t-bill. it's not going to be me. occidental, warren buffett owns over 20% of the company. goldman sachs i believe on valentine's day upgraded $81 price target the downstream plays i believe on monday. the stock has juice to the upside for me, it's occi. if i didn't pick it, my mojo trade, you would say wait a

second, g-swizz. >> there is no t in mojo >> i have to be consistent oksi coming up, sending the treatmenter lower. during february, we are celebrating black heritage here is one of our own cnbc teammates. >> my parents first inspired by interest in news as immigrants, they taught the importance of global awareness, education, and civic engagement. my parents left their home country of liberia during a terrible civil war to create a new life and careers and opportunities for my brother and me my parents are educators my dad recently retired from a long career spanning academics, research and public service. and during this time, he fulfilled a life-long dream of running for president back in liberia. i am inspired by their story

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rempted to the 787 forward pressure bulkhead. we notified the faa and have paused 787 deliveries while we complete the analysis and documentation. there is no immediate safety for flight concern for the in-service fleet this is not expected to increase airplane rework. we are communicating with our customers. we'll continue to follow the lead of the faa while near-term deliveries will be impacted, at this time we do not anticipate a change to our production and delivery outlook for the year. the share is down by about 2.7%. really unchanged wee see if the stock reacts now that we have a statement out netflix, shares sinking on news the company cut subscription prices in more than three dozen countries. according to "the wall street journal" report, the cuts apply to certain tiers and in some cases have the cost of membership the changes will not affect u.s. customers, but comes as netflix cracks down on netflix sharing and increased comp tissue. you have to wonder it's a lot of countries. we don't know if they're cutting

prices in croatia, is that going to be meaningful to them in the long run. >> we know vietnam, indonesia, philippines, the asian countries are their lowest revenue, less than half of the united states so that's going to be less important. but as a message, that's concerning not just for them, but of course, for every streamer as well and maybe that's -- i don't know if that's why they're doing it, or they feel like they need to just in a bubble regardless of what the competition >> 55% of the sales do come from outside the u.s. and canada. and i think to mel's point, they're going to be figuring out different ways to kind of crack down on the password sharing and maybe it's just easier rather than create an ad-supported model and all this other stuff, maybe cut prices and you retain a certain amount of those customers i'm sure they're thinking about it and using lat of data to figure out correctly i was surprised at the magnitude in which the stock was down on that headline today without putting any numbers to it. >> yeah. >> another member of the 100% club having rallied 100% from the lows we saw.

in the case of netflix, that whole period of time spring into last summer. so where am i getting back into the stock? it actually ran more than i thought it would but it topped out at levels we sort of broke down from back in april, if you want to go back and look 280 is the right number. now people say it's never going to get back there. you know what? don't say never in this statstock market. >> right. >> weird things happen all the time if it gets back to 280, 285, it makes a lot of sense >> julie, do you think this is a sign of maybe slowing growth, et cetera, or was this just a case of this is an excuse to sell off a big run-up >> i think it's the latter, actually prices are really powerful indicator that we use to understand the health of the business, right. but the thing about netflix is they have this ridiculously high budget for production. and so every incremental subscribe they're can grab is meaningful to them from a profit

perspective. they have to pay for the studios regardless so there is a very strong incentive for them to do that. and if you look at the way -- where they took the cuts, it's mostly on their basic plans. their premium plans didn't change pricing that much i think what they're trying to do is grab an incremental customer i don't think it's a trying to save customers a the lower end i think they're trying to make their market as large as possible it's a classic land grab it makes sense, but i wouldn't like it if i were a shareholder. coming up, marlins taking flight uphi ts year how they're playing the name, next, back in two. ons of polygons here! what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations, like real time cgi. okay... yeah... oh. don't worry i got it! become an agent of innovation with invesco qqq

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video game? yeah, it's what we do with xfinity 10g. it's like, you know, the best network imaginable. what the heck is that? those are the bad guys. are they friendly? the 10g network, only from xfinity. one giant leap for mankind. welcome back to "fast money. earnings alert on beyond meat. shares jumping after the plant-based food company posted a smaller than expected loss in the latest quarter better than expected revenues. the stock is still down near 60% in the past year pippa stevens has the details. >> shares are jumping 12% after those better than expected results. the company also giving up the full year revenue guidance beyond meat said it is restructuring certain operating activities related to its jerky business on the call, ceo ethan brown calling it a challenging year. revenue during the fourth

quarter was down 20% year-over-year driven by both light sales as well as reduced prices the company saying that all markets and channels were negatively impacted by continued softness and demand due in part to increased competition, as well as consumers trading down the company said it continues to consume quite a bit of cash and said if it makes sense to do some sort of raise to put more of a buffer on the balance sheet, it will melissa? >> pippa, thanks pippa stevens. by the way, it's a 37% shortage on this one. maybe this huge pop in the afters not entirely surprising guy, we haven't talked about beyond meat in a long time >> for a myriad of different reasons. the -- yes, you can see it bounce in this name. when she said beef jerky, you giggled, and i giggled i know we have coco beware here. >> it's just jerky because there is no beef >> i thought that was a little harsh. but i also thought what could happen. >> jerky >> beyond jerky in your

constitution would be -- >> if you go back to the -- i'm sorry, mike. but trading places when eddie murphy was in the train and he explained what beef jerky did to his constitution. >> true. >> you can imagine what it does to mine as well. >> so ditto that. >> real quick, they did a secondary a couple months after the ipo at $160 a share. good for them. >> good for them. >> those were the days >> for them. let's move on to the airlines now outperforming the broader markets with american jumping almost 2%. the stock is now up more than 24% this year. and one options whale is betting that it could fly even higher into spring. the aforementioned mike khouw is here on set with the action. mike >> american airlines we saw it trade more than two times its daily average call volume today. the busiest contract were the april 17 calls those traded over 52 1/2 with an average price of 64. that included big institutional blocks that took place early in

the day. 35,000 actually traded before 10:00 this morning buyers betting that the stock is going to rally through the $17 strike price the break even is the january 18th intra-day high of $17.64. and they be reporting earnings on the 21st of april >> mike, how does a company like this -- karen likes talking about balance sheets $10 billion market cap, $9 billion in cash and $44 billion in debt. how do they fly their way out of that one >> that's actually why you want to trade options the equity gets a lot more level the more balanced the sheet is a money call makes sense if you are inclined to make a bullish bet. >> where can we learn more than? >> i would imagine 5:30 tomorrow, we'll have "options action." mike khouw >> he'll be here on set. >> carter braxton worth. i don't miss a fricking episode! >> 5:30 p.m. eastern time, tomorrow all right. up next, final trades.

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it >> karen >> the new game you have forgotten the name of, would you rather one-year t-bills that's my final trade. >> dan >> in the face guy >> in the face >> i wouldn't be chasing this one at 80. >> guy >> apa corp., melissa lee. >> all right thanks for "fast." see you back tomorrow at 5:00. "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 make you some money. my job not just to entertain but to educate and teach call me 1-800-743-cnbc tweet me @jimcramer. look, when the ceo of jpmorgan, the world's largest bank, says there is scary stuff ahead