higher today, though, to your point. we're going to be watching that apple event tomorrow. a lot of data this week. cpi, ppi, retail sales on tap, as well. and then, of course, i'm headed back your way, right now, see you on-set tomorrow, jon. >> all right, yeah, looking forward to that. the apple announcement going to be a big deal. >> that's going to do it for us here at "overtime." >> "fast money" starts now. live from the nasdaq market site in the heart of new york city's times square, this is "fast money." here's what's on tap tonight. done deal. charter and disney strike an agreement to bring espn back to mull millions of spectrum customers. is this the beginning of the end for the bundle? plus, twinkies and jam, announcing a $5 billion merger today. what it could mean for snack foods and how the weight loss drug phenomenon factors in. china versus apple. the nationalist campaign being waged on social media in beijing, and how it could deal a

blow to the world's biggest tech company. we're going to start off with football fans breathing a sigh of relief ahead of aaron rodgers' new york jets debut. disney and charter inking a deal to end a blackout that was keeping espn and all of disney's cable linear channels blacked out for all spectrum customers in new york and around the country. shares of both stocks higher today, but who came out on top in this deal? cnbc's julia boorstin's got the latest. julia? >> well, melissa, sources on both sides are describing this as a win-win. disney and charter calling it tron t transformative, and gives new appeal to charter tv's business, wheel at the same time, increasing the reach of disney+ with ads. and also, disney's payment for that app. now, disney+ ad supported tier will be included in spectrum

packages, what they call a wholesale arrangement for all of spectrum's video subscribers. espn+ will be included spectrum tv select plus video packages. when espn plan ching its direct to consumer flagship service, it will be made available to spectrum tv select customers, as well. plus, charter says it will sell all of disney's direct to consumer services to its broadband-only users. now, the buy rating on disney, writing, quote, we believe that today's deal reflects a todayoff from linear economics, but to sixes both disney and charter to drive value amid the shift toward streaming in a digital future. so, there are some signs of the bundle certainly getting skinnier, charter is dropping some of does knee's smaller channels, including freeform and disney xd, but for -- but the benefit for disney is far outweighing that, because they're going to get new come sensation for disney+, and that reach increases the potential for that streaming ad business.

meanwhile, charter has a new po, all the extra access to apps, in order to hold onto its pay tv subscribers and retain that part of its business. melissa? >> all right, julia, thank you. julia boorstin. is there really a win-win situation, tim, as a shareshoulder of disney, i ask you? >> it's really hard for me to understand this. on some level, it -- and "the joernl" coined this a referendum on the future of tv, and whether this really helps define that, it seems like disney had major, major concessions here in terms of their ability to control their product. and it was always supposed to be about dtc, the problem is, if you don't control the pipes in a lot of the cases, this is where you end up. it does seem to me, we learned a couple things. espn probably more valuable than it seemed yesterday. i believe. that's one of the outcomes here. espn+ appears to be more like garbage than it did yesterday. so, it is a case where i just think disney maybe finds that

the broader distribution is the more profitable model and it kind of gets back to the new form of tv, i mean, whether it's netflix that started this with an ad-supported tier, by the way, very positive for netflix, so, if you think about it, maybe this is just linear tv 2.0, i mean -- it's obviously not, but it feels like people are ready to watch tv with ads and ad-supported model and that's where everybody wants to be again. it's six of one, half dozen of another. it's not clear right now who won. >> i think it's sort of win-win. when i look at the alternative, it was bad to disaster. bad for charter, not a disaster, though, but for disney, i think it would have been a disaster, actually. so -- that we didn't end up there, i do think that's better for each side, but if you look at the stock's reaction, charter felt happier about the deal than disney shareholders. but -- all right, this wasn't

the break that we were expecting, the huge change, but it's a change, and it's -- it's not luke it's like it's over. the dynamics are going to continue. >> yeah. >> i don't know if it's a win-win. it seems like 11th hour, needed to get something done, i mean, the way disney traded today, it wasn't particularly all that inspiring. it opens on the highs, basically closes, not on the lows, but around the lows. no bounce whatsoever. didn't trade a lot of volume. traded 25 million shares today, typically trades 15. maybe if it traded 65, 70, closed on a high, we'd have a conversation. charter is interesting. 11 times next year's numbers. they speak at a conference on the 13th. this stock, even with a 30% bounce over the last year or so, is still cut in half from its all-time high. at least you can make, i think, a case that there's some momentum there's no momentum behind disney. >> i go back a year ago, it was

a conference, and he said linear tv is dead, he was praising netflix. we had julia on that day, i think, talking about it on the show, so, it's interesting when tim just said, it's about the pipes, again, it's about distribution, and look at the outperformance of a comcast, a charter, that thing. so, the jury is still out on here. i agree with espn. i mean, that is the thing. that is the thing that they are going to quickly move to monetize. and i think it's interesting, we talked about it a few weeks ago, they brought back a couple of the guys that were instrumental in, you know, helping him prior to his, you know, leaving the company a few years ago to figure this thing out. and i think this is going to be a really important thing that -- this move, whatever they do, i think, really determines the future of this ecocompany as a media company. >> i think it does underscore the weakness in terms of the offerings on espn+. you as a viewer were looking to watch u.s. open on espn+ and were disappointed -- >> yeah, i mean --

>> so, what is this package serving? and where is disney's strength in the streaming business? it can't kill off linear tv, not that it wants to, but that seemed to be sort of the inevitability, right, that people were jumping to, this is going to be eventually the march to the end of linear tv. hasn't really done that. there's a place for both, at least, for now. >> yeah, it was a tough weekend in my house for a lot of different reasons. i'm not even sure there is football in new york after last night, so -- let's be clear. i just think that the fact that we're talking about a spectrum plus bundle that's going to include, you know content that disney -- i mean, on some level, that sounds really bullish. it sounds like -- and the fact that we're going back to an ad-supported model when dtc and streaming, we're going to have pricing power, was supposed to be the model. and that's something that kind of brings you back to the legacy players. so, i realize that the content that disney has, at least, i think the sports content is worth paying for, i want it, i have to make sure i have it in

the right vehicle. i don't need the underwater basket weaving that comes on their dedicated offering. so, sorry, i'm a little frustrated. i'm frustrated with the stock, i'm frustrated with sports, and i don't think we know right now, other than we know that charter seems like they got what they wanted. >> right. >> don't laugh at me, come on. >> is that on the ocho? when they have the crazy -- >> can you throw up a 10, 15-year chart of disney? it's truly, absolutely astounding. it's flirting with those march 2020 lows, right, where it -- basically everything was being thrown out then and you have to go all the way back, 13, 14, but we started talking about the streaming capabilities, we talked about how did knee wanted to capture a little bit of the netflix pixie dust and making content moves, making some digital technology moves, that sort of thing, that stock went from 50 to 100, a year, year and a half or so. and if you look at it, it's right back, you know, below those levels here.

and really feels like there's -- >> the streaming multiple was something that disney got in the early days of announcing disney+. and they were getting something like, a lot of analysts on the street were doing the hybrid multiple. they value the parks at one thing and then they put a revenue multiple on the streaming business, but that revenue multiple, the street used to be between eight to ten times the streaming number and layer in the multiple on parks. now they're at four times, if i'm just looking at jpmorgan's report here, and i think that's fair. it was the growth they were getting the benefit from. netflix is not about the growth, it's really about the profitability and the free cash flow. and this's something that's extraordinary and what makes, again, their streaming business very different. >> getting back to the stock reaction, that is the case, do you think any part of the valuation changed based on this deal? because if the answer is no, it's no surprise that disney stock barely moved. >> i think the market answered that question today. i don't think -- in my opinion, i don't think they're rewarding it at all. i don't think it has -- i don't

think it means, obviously it means something. in terms of the stock, in terms of traders, they don't seem to care about this. it's trading, to me, like this wants to have a 75 handle at some point, and then you have a day where it trades maybe 100 million shares and washes everybody out and you have your capitulation moment. >> for more on the deal, let's bring in rich greenfield of light shed partners. he's on the fast line for us tonight. i'll pose the same question to you, rich. is this really win-win? or is there really a winner here? >> i mean, look, disney had to do this deal, melissa. like, when you look at the existential risk to espn from a permanent drop, and you have to give it to chris winfrey, he went to -- he really pushed harder than we've seen anyone push on disney and on espn. but iger, look. iger is an amazing negotiator and he got a deal done. did charter get everything they want? no, i don't think charter got everything they want. they certainly wanted lower

penetration requirements for espn in terms of packaging, but look, they got doisney+ being included at a low wholesale rate. for charter subscribers, the viewers watching "fast money" right now, disney caved on that, and that's not something disney wanted to do, heading into this negotiation. so, i think you have to give charter the win, but it's not as big of a win as charter would have liked, and disney avoids the collapse of espn. >> did the nfl bully these guys into coming to a deal? >> i mean, that's a really good question, melissa. i don't know. i'd say every sports league, disney is wedded to -- every sports league is wedded to espn, or the vast majority are wedded to espn, not to mention things like fc, as well. everybody wants espn to survive. i don't think espn was viable if it lost all charter's 14 million

subscribers. i don't think you can recover from that. so, i think this gets you to survive. obviously, there's still going to be significant financial headwinds. i mean, i would look at their -- you had two doors for espn. bad and worse. bad was accepting a deal you probably didn't want to take, worse was not being carried at all, and having to suffer through step-up in sports right season, so, this is better than the worst case scenario, but i don't think -- so, the reason why you guys were talking about the stock r's reaction this is t a clear, like, obvious huge win for walt disney. this is doing what they need to do to continue to, you know, have an jongoing linear busines, there's still real challenges how they transition espn into a viable dtc business. i'm talking the true core espn going fully dtc, that's not an easy transition to pull off. >> rich, it's karen. how do you think this -- what do

you think the future holds for them, warner brothers discovery, paramount, how do you think those play out? >> karen, you are asking the most important question out of all of this today -- >> as she does. >> is this a new paradigm? is this the new construct in which all programmers, meaning media companies, i don't care if it's your company, nbc universal, paramount, does everybody now, when they're doing a deal for linear cable networks or broadcasting cable net works, do you have to include your streaming at a wholesale rate as part of that bundle? that's obviously something that never happened before, charter has deals coming up with several other big media companies. i believe all of them are going to have to do this. that's going to be cable safe now, given that disney just agreed to it. and does this become what comcast does -- if you think about comcast, they used to include peacock as part of your video package. they started making you pay for it. i wonder if that holds up if

it's peacock, paramount plus, everybody who subscribes to linear tv packages just get all of the streaming services, and that really changes the future of streaming, it's more about the bundle again, funny enough, it's more about the bundle and less about actually being dtc. maybe that's just recognition dtc is really hard and most companies are not cut out to compete with netflix. >> that makes it seem like t these, you know, streaming services will be offered more ad-supported, if that is the case, if they're going to be offered free within the bundle, but it could be an opportunity for people to sample this and say, you know what, i'm willing to pay for it without ads? >> look, i think that's absolutely true. and i think one of the questions that i have is, when you think about the ad-supported, do people like -- do people want to upgrade and pay more to get rid of the ads? i assume charter will offer -- i don't know this, but i would guess there's, like, a, hey, get it for free, but you pay extra $4, $5 to get rid of the ads

that's the way beepeacock first launched. there's a lot in process, but the good news for the consumer, if you were paying the big bundle, because you're a diehard sports fan, you are now getting more stuff as part of that, your price is obviously going to keep going up, which is a negative, but at least you are not having to say, hey, i'm paying for disney channel in the bundle and paying for disney+ out of the bundle, and what happens with hulu and hulu probably gets included with disney+, it does seem to be a net positive for consumers, as you look at it, forgetting what it means for the companies, and i'm really cup use whether every other company has to follow suit now. >> rich, thank you for phoning in. rich greenfield. guy? how do you think about this? >> disney, to me, you wait for the capitulation, you haven't seen it yet. charter seems to have some tailwinds. i think it has some room to the upside. but tim mentioned earlier, netflix is the clear winner,

still. it's thr 's netflix's world -- >> pare those teams? >> play the bills, buddy. >> as disappointed as i am today, enjoy it while it lasts, jets fabs. >> why is disney not a value stock? >> debt, for one thing, right? i mean, that's something in common with bothwarner brothers and paramount, debt. >> it's interesting that tim is so frustrated over the weekend, i know it wasn't just the giants. >> yeah. >> some of this stuff, it's getting -- it's getting really complicated, okay? so, it used to be, you sign up with spectrum, you got your cable, you got your internet, you got your line, they put a w box in there and you have the channels. now, you have internet, so, here's what i do. i have youtube tv and the red zone -- we have a lot more access to cool stuff that we couldn't get before. if you wanted the directv, you know, all access plan for nfl, but then you have to start

picking off all these things. >> sounds complicated. a lot more complicated than -- they want to get back to the pund m. >> it really is. somebody's going to bundle it. >> it's the streaming plus bundle with an ad-support ed model, which is the same thing when i watch cable tv. there's three things i want to watch, cnbc, espn, and news. and that's it, so -- >> sometimes you walk into a new york city diner, it's 12 pages long on the menu. it's hard to make the decision. >> it's hard to do. >> guy still gets a steak. >> you went down the road. i know those menus. hot open roast beef, corn if they have it -- >> what does it mean? >> gravy on top. >> that's not on every menu. >> every menu. stop it, tim. you -- >> greasy spoon in your neighborhood. >> chocolate shake. we have a news alert, back to news, on u.p.s. the company announcing financial details of its contract with the teamsters union. frank holland's got the details. hey, frank.

>> hey, melissa. details just crossed. important to note, shares have fallen since july 25th when the teamsters announced the deal with u.p.s. that would be ratified to avoid the costliest strike in the u.s. in the last 100 years. today, as you mentioned, u.p.s. released their take on the financial details. we sat down exclusively with ceo carol tome. >> it's not a $30 billion deal. it's a great deal for our people. it's a great deal for all the stake holders. when i look at the economics of the teamsters deal, compounded annual growth rate of that deal is 3.3%. to put that in perspective, the yield on the five-year treasury today is 4.4%. and even if you look at the historical average of the five-year treasury, it's 3.7%. so, we came in a number that was under a five-year treasury yield. that's pretty good.

>> all right, we did ask, again, but carol would not release the exact cost of the teamsters contract, however, u.p.s. said that 46% of the cost of the contract would be born out in the first 12 months of that deal. and tomorrow, worldwide exchange, we'll have the full interview with carol tome, on the teamsters deal, the holiday peak, and a.i. and machine learning in their operations. that's tomorrow. melissa, back to you. >> frank, thank you. frank holland. surprise to you, karen? >> i mean, i didn't know the numbers would be exactly. i guess it's a little bit better than i thought. i like u.p.s. i like carol tome. very good -- she said, we will not have a strike. said that way before, maybe she gave up some negotiating power, but i think it's better overall. >> i'm a huge marisa tomei fan, spelling is different. go back to february of '21, this stock has bounced from that level. you have something to trade against. valuation is okay.

the stock has gotten whacked. this might be sort of a catalyst for the stock to trade higher. >> we have big union contracts to discuss, and so, you know, i'm not saying -- maybe apples to oranges, but they noir. coming up, we're watching oracle in the afterhours session. that stock's on the move after reporting results. bring you the details from the quarter next. plus, diamond not banking on banks. why jpmorgan's ceo isn't so optimistic about his own seconder to. don't go anywhere. "fast money" is back in two. ai has the power to generate solutions. but if it's using unverified data, it could generate problems. your business doesn't just need ai, it needs the right ai for your business. introducing watsonx: a platform designed to multiply output by tailoring ai to your needs. when you watsonx your business, you can train, tune and deploy ai, all with your trusted data.

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welcome back to "fast money." we've got an earnings alert for you on oracle. shares at afterhours lows after the company's report. let's get to kristina partsinevelos for more. >> oracle's push into the cloud business has many excited for this report, and exactly how oracle's ceo started the earnings call, pointing out that business, which is called oci, grew 66%. that's less than last quarter. oracle is still ways away from

aws, microsoft azure. all came in lower than estimates and contributed to the slight revenue miss of $12.4 billion. oracle's cto spoke about future growth, saying, quote, as of today, a.i. development companies have signed contracts to purchase more than $4 million billion if capacity of oracle's gen 2 cloud. for guidance, it was going on just as i came downstairs. i heard the ceo say that total q-2 revenue should grow 3% to 5%. and that means a nongap eps should also increase about -- $1.27 to $1.31, this is lower than the $1.33 adjusted estimate and why the stock just dropped and even more from that 4% negative level to now 8% lower. she talked about cap x spend being similar in fiscal 2024, but still, all of that information, not enough to get

this stock up. >> yeah. kristina, thank you. slowing growth in a key growth area at a time when the stock is up 55% year to date, guy. >> right, exactly. flip side of that coin is, valuation's okay. trades at a market multiple. if this was trading at 55 times next year's and you have this number, i'd be like, not good, stock should be down 10%, 15%. this is a reasonable valuation, and by the way, cloud services, plus license, is now 77% of the revenues. i mentioned that, because that's highly visible recurring revenue, you should be rewarded for that, so -- there was a time when ibm used to trade at a huge multiple. oracle is not enjoying that. the stock's had a huge run, but i think it's overdone to the downside here. >> if you look at june, the gap there. the company reported and guided and talking about the great trends here. this is a company that's going to benefit off this, some of the growth rates they just had up

there are kind of eye-popping, but the stock's rallied 15% in the last month. when you think about the multiple that guy is speaking to, it's very expensive for this company that doesn't have the sort of scale that many of its competitors do, so, when larry's on there, i was looking at the press release also, he said, you know, is this one of the biggest, you know, technological shifts -- yeah, maybe. with an exclamation point, not a question mark. they have to speak this way, but the growth rates are not, if they're decelerating. that's why some of the companies that have these huge springs, you know, sold off a bit. >> the stock's up 100% in the last 12 calendar months. what do you want? and their last quarter, they were up 18% or so in terms of constant currency. and this was a pull-back, but -- there was nothing bad here. i think you're buying the weakness, which is what guy's saying. >> there's a lot more "fast money" to come. here's what's coming up next. time to bank on banks? not so fast. even jamie dimon isn't too hot on the group right now.

the details next. plus, semis surge. qualcomm landing a sweet deal with apple for the next few years. a chip check and the latest curveball being thrown at apple in china. you're watching "fast money," live from the nasdaq market site in times square. wee ckig aerhi'rba rhtft ts. with comcast business... it is. is it possible to use predictive monitoring to address operations issues? we can help with that. can we provide health care virtually anywhere? we can help with that, too. is it possible to survey foot traffic across all of our locations? yeah! absolutely. with the advanced connectivity and intelligence of global secure networking from comcast business. it's not just possible. it's happening. this thing, it's making me get an ice bath again. what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are?

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♪ please don't go ♪ ♪ please don't go ♪ ♪ don't goooooo! ♪ ( ♪ ♪ ) ♪ don't go away ♪ ( ♪ ♪ ) ♪ please don't go ♪ welcome back to "fast money." jpmorgan ceo jamie dimon had a hot take on the new capital requirementss that have been imposed on banks. here's what he had to say. >> honestly -- do they want banks to be investable again? i, you know -- look at my money,

i'm not going to sell my stuff like that, i think we're going to navigate it. i wouldn't be a big buyer of banks. i'd be no better than equal weight, whatever you call it. >> quite a chuckle. >> speaking in new york earlier today. his comments come as big banks remain deep in the red for the year. i'd love to call up the jpmorgan bank analysts to say what he has to say about jamie's comments. what do you have to say? >> well, if he's equal weight, i think he had about a billion two worth of stock, so, i don't know where the rest of it is, but i think, you know, it's kind of in his -- it's -- sort of talking his book, and that he wants to say to regulators, look , you'r making this business so difficult, that's going to be bad for the economy. and for a long time, he said, you know, you know, if he were a private credit lender, this would be great for him, because regulators are driving the business away. nevertheless, i'm long jpmorgan. >> of course you are.

as you should be. but when he said -- listen, i get it, tongue in cheek to a point, but he chose to say it, as well. and he's saying a lot of the same things we've been saying for awhile. regulation is coming. you should not be paying a premium for a lot of these stocks. on top of that, you wonder, what is going to be demand for credit going forward? what does the environment look like? i don't think it's necessarily favorable for banks. >> well, that's -- i think this is a credit discussion on the consumer level. we're throwing around numbers, we do it all the time, and some numbers i was looking at this points, in terms of debt, essentially debt servicing as a percentage of household income is now at a level it's not been since june 2008. at 4.3% of the take home salary, it starts to become an issue where you wonder -- banks are always, let's sell first, ask questions later, and as it relates to the consumer, as it relates to credit. c citibank, the fourth largest money center in the world, it's trading as if there's a big, big

problem. ja jamie's right. and if you look at global banks, european banks trade at 0.6%, with about a 6% dividend yield. i think that looks pretty interesting, especially in a world with their central banks are having to raise rates. >> one might say that, you know, households, they built up a lot of savings during the pandemic, but the san francisco fed says all the savings -- that will be exhausted by the end of this quarter, which is, by the way, just around the corner, so -- the note on strength of the consumer may not be there as interest rates continue higher. >> and the other thing is, what is the performance? what is the sentiment from jamie dimon, whose bank reacts very well relative to the other names we could announce right now. you look at the bkx, they're trading where they were in mid-march when we were in the throes of a banking crisis that took down some very large banks, when you think about svb and signature and the like here. so, again, they probably signify if the company does get a bit

tougher, if consumer gets worse, if unemployment goes higher, that we are probably going to finally have that recession that a lot of these same investment banks, their strategists, their economists, are putting the odds of a recession at under 20%. goldman just put it at 15%. that's what they're telling me. coming up, an apple a day givings qualcomm a big boost. inking a deal with the tech gi giant. but it's not all green for ap apple. we have the details from shanghai when "fast money" returns. missed a most of "fast?" catch us any time on the god. follow the "fast money" podcast. we're back right after this.

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welcome back to "fast money." stocks kicking off the week in the green. the dow jumping 87 points. the s&p up nearly 0.7%. eli lilly and novo nordisk hitting highs today, as the popularity of weight loss drugs boosts the group. and shares of rtx dropping.

a manufacturing flaw with its engines will result in a $3 billion charge this quarter. the stock falling to its lowest level in over two years. and another down day for bitcoin. briefly dipping below 25,000 for the first time since june. qualcomm shares jumping almost 4% today. chip maker extending its agreement with apple to provide 5g modems for smart phones into 2026. this as apple is set to unveil the iphone 15 tomorrow, which will reportedly have usb-c charging ports. big deal for qualcomm. that was always a question mark. >> yes, it's a big deal. the stock has been hammered over the last -- you look at the last six, nine months, down significantly. you think an announcement like this, given their valuation, this stock is up easy 5%, 10%. i don't think it's a particularly good performance, so, good for qualcomm, but we've learned historically, it's great

to say apple's a client, blah, blah, apple has a way of squeezing their suppliers. >> yeah, 22% customer, so, it's important. and a lot of folks looking at qualcomm and how they missed different trends over the last two years, that, you know, smartphones are really, really important for them. 40% of their business is samsung and apple combined. yeah, it didn't trade particularly well. the one thing i'll say about apple, with some of the china stuff, when you think about it, apple has been gaining share in the smartphone space in china, it's got about 20%. that's up pretty significantly over the last two years. and some of the nationalistic stuff, we've been talking about this. really interesting. we said, going to be the last battle fought. the chinese came out so quickly and targeting apple shows they could get a lot more aggressive, but the flip side of this is, the they're still number four in market share in china. this is a lesson we're going to be talking about with evs and other consumer products with u.s. names on them.

>> well, there's no question. the news last week was apple and it was whether folks at state enterprises could use the phone. that's not the news. the news is huawei mate 60. they've been able to get around the 5g chip dynamics, and created a phone with a chip in it that allows them to do what they want. you look at android marketship for the last two months, they've been stealing it. and huawei's taken a two to three-point share rise in that time. so, i just think, you're going to continue to see this. it doesn't have to be apple being outlawed. i think we did the right job with that story last week. the state -- soes, that would be something massive. that was not the suggestion. the suggestion is, part of it was just sentiment. part of it was the reality that apple's devoted to much time, and the market share gains they've made have been extraordinary, but at some point, i think the phone's too expensive. >> those people who work at the soes, they make a higher salary

than other people who work in similar urban areas, so, that's really a demographic that one would think apple would want to keep, that's a demographic that would bile those higher priced phones, so -- it's just sort of the tip of the iceberg, but this bundles up all of apple's problems, which is really slowing revenue growth overall for their devices. >> yeah, and a multiple that i think is just too high. so -- if this accelerating to the downside and gets sort of not just a, oh, government employees, but it gets broader and maybe a little bit more than a suggestion, that would be terrible news. doesn't seem to be priced in. >> one thing. >> uh-huh. >> you can poo-poo this launch tomorrow, but guy, usb-c port? >> i love those. that's my favorite port. >> much better than the b or the a. >> coming out with the usb-c port. >> i can hardly contain it. take a look at me. >> for those of you on radio,

it's just a staire. more trouble for apple, a surge of social media posts over the weekend drumming up support for huawei over apple. so, what could the seemingly nationalistic push mean for the iphone maker's business in china? eunice yoon has that story. eunice? >> reporter: thank you so mu, melissa. well, the hash tag that's most popular is huawei rockets, which 710 million views. now, the argument is that huawei technology must be taking off, now that the u.s. government is looking into whether or not huawei phones had breached u.s. export controls. state media, as well as chinese media more broadly, has been fueling this nationalism. state tv posted a clip that claims despite the u.s.'s extreme bullying, huawei has risen. it is promoting the china chip, china heart. another outlet says the mate 60

is a pearl harbor wakeup call for the united states. polls are pitting the huawei phones against the iphone 15. this one asks, would you give up your iphone now that huawei is back? most answers tend to be pro-huawei. now, what we haven't seen is much discussion about the reported iphone restrictions at government entities. in fact, the government has yet to acknowledge blatantly any of these notices. melissa? >> eunice, you've been there for awhile, you've seen these spurts of nationalism on social media before against other u.s. brands. and i'm wondering how this sort of compares, in your view. >> reporter: well, it's bigger in that it's targeting apple, which a lot of people thought that wouldn't really be touched very much, just because it does, in fact, as you guys were discussing, employ a lot of people. and also people do love the phones. and i think that's what's kind of interesting here, despite this nationalism surge that

we're seeing online, it's difficult to say whether or not that actually would translate into sales. in fact, there are some people who are commenting and kind of pointing it out a little bit, before some of the comments disappeared, where they were saying, you know, there's these polls, all the responses are pro-huawei, but why are the sales pro-apple? >> eunice, thank you. eunice yoon in shanghai for us tonight. just quickly, it doesn't have to be an outright ban. it can be what's known as a shadow ban, implication by the chinese government andt, and se, if you think about whether apple is in this country, huawei is that national champion company, at least perception chl. and the fact this is a phone that is a much more affordable price point with technology that is being applauded. it's actually -- this is breakthrough innovation without having to use the same technology to get you 5 g. >> we've been talking about

nvidia, where the orders have been coming in, and i just think if way roy and the other chip makers over there are able to replicate some of the advances we've heard, i think that these stocks are trading way too expensive, i mean, like the nvidia thing, so, to me, i don't know. this is one that i still -- confounds me. coming up, just another merger monday. delicious details on a billion dollar junk food acquisition. should you snack on these stoc s? traders are hungry for gains. >> oh, boy. and dojo the mojo tesla needs here? that and more when "faston" tus. mey

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analysts upgrading the stock to overweight and rising the price target to 400 bucks. that's more than 40% higher than today's close. what do you make of this -- >> so, it's 850 billion -- 62 -- so, add another 62%, right? now it's a 1.5 -- and listen, adam jonas is great, it was his note, good for him, the stock rallied, i get it. this isn't happening, though, next quarter, it's not happening, probably, a year from now. and when you go back and look at tesla, it's -- in my opinion, for the next couple quarters, it's about margins. and last quarter margins, i think, were 17.5%. a lot of people thought that was going to be the trough level for that. i think historic or legacy automakers are about 16%. god forbid on october 18thish when they report that number 17% or lower. this stock is way too expensive at these levels given those parameters. >> it kind of felt like this came out because the price target was behind the stock. and there was a need to justify

raising it to 400. >> it did. i don't know that he needed to, but it is interesting that you start talking about a $10 trillion tam. and when are we talking about this? and this has always been one of my biggest problems with tesla, when it was a $50 billion tam. and so, you know, that's the dynamic. and i think, again, the idea is they have -- and this is his words, an asimilarilar asymmetr advantage. they're crushing people left and right. some of the dynamics, when we're doing valuations that go out to 2030, but god forbid 2040, that's the problem here. so, look. he's a bright guy, he's been -- he's at times been very ahead of this trade and looked like the target was actually behind. >> i don't know, 78, 80 times earnings, something's in there for that already. you would think. i don't know, so, to me, this was just the collective data of

all of their cars on the road that they've had for years, they talk about how many million miles they have, asimymmetric advantage they have. i believe that, but i just find this difficult to see also. but -- i missed the whole wagon. meantime, adobe reporting thursday. increasing a.i. fervor around the stock. options traders are betting the hype will translate into gains when results cross the wire. so, let's go to mike khouw for that. mike? >> yeah, it traded about 1.5 times its average daily call volume. the options market is implying a move of about 5% after they report. that's in line to with their historic average. the busiest contracts were the september 542.5 calls. those expire at the end of this week. over 2,200 of them t. a bet that the stock will trade higher following earnings. >> all right, thank you, mike. mike khouw. for more options action, tune into the full show that is friday, 5:30 p.m. eastern time. coming up, twinkies getting

a little sweeter today, as the snack food brand's parent innings a megamerger deal. could the weight loss drug craze take a little sugar out of the e t k stk? thulmate lunchbox trade is ahead.

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welcome back to "fast money." jm smucker adding twinkies, ho-hos -- >> excuse me? >> i don't think i've said that on air. acquiring hostess. meantime, an lists at morgan stanley out with a note, outlining risks that widespread adoption of weight loss drugs pose toll p packaged food maker. does that take some sweetness out of this deal? tim, you love your ho-ho. >> easy. though, i mean -- i'd like to do a would you rather on the ring ding versus the ding dong.

>> it's not something i traffic in. >> whether hostess suffers from this or not, talk about one of the great deals of all time, when -- we were on the show that night and we were talking about things like yodels and things like that, so -- i don't know, at this point, seems like hostess just rang the bell. >> sea, seem yeah, seem like a for a deem. my favorite smuckers deal was the acquisition of jif peanut butter. >> skippy -- >> anyone ever call you skippy? >> i actually -- >> is there some -- >> i like smuckers here. stock got whacked, i get it, people said they overpaid, i get that. but it's been a great brand, and valuation is still reasonable. so, i think on the sell off sjm

is buyable. >> tim's going to put this in the cannabis. >> munchies. >> if you have, like, the cannabis and what's going on here, i mean, like -- >> it could be part of the cannabis ecosystem. >> listen, kids, don't do drugs, stay in school, but it works in that etf. >> marijuana is legal. i think -- this notion that if people reduce the number of calories they consume, they reduce the number of meals and -- >> what does it do to coke and pepsi? >> that's sort of the bottom line. >> right. >> thinking, will there be a twin can i -- >> we did this with beyond meat, though. we've done this with a lot of the, some of the wellness -- yes, i hear you. but so -- do we two straight to coke and pepsi? because, i mean, what -- look at cash ca

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old school grit. new world ideas. morgan stanley. ♪ welcome back to "fast money." today marks 22 years since the september 11th attacks on america, as we leave you tonight, we want to remember all those who perished on that tragic day, nearly 3,000 people

lost their lives on 9/11 here in new york city, the pentagon, and in shanksville, pennsylvania, where flight 93 crashed. we also want to take a moment to say thank you to all the men and women who in the days, months, and years following september 11th have served and sacrificed we remember and will never forget. 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." it's a special west coast edition coming to you from one market in san francisco. welcome to cramerica. other people want to make friends. i'm just trying to make you some money. my job isn't just to entertain but to educate and teach you so call me at 1-800-743-cnbc. or tweet me @jimcramer. is artificial intelligence about to have a gopro moment? have we gotten