and amazon. all of cloud, a good chunk of enterprise software, and the two biggest reads on a.i. >> yeah, it's going to be a huge week. >> outside of nvidia. >> yeah, and of course we continue to monitor geopolitical events, macro events in general, all these cross countries affecting the market. >> that's going to do it for "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." regional wreck. shares of regional barchs plunging and taking a good chunk of sector with it. how much will bank weakness weigh down the broader markets? plus, apple problem. parting ways with jon stewart over content concerns with china and a.i. later, a solar power outage that took down the entire sector today. oracle's friday flush, the ripple effect on software stocks

and, the "options action" on amazon ahead of the busiest week in earnings. on the desk tonight, tim see your, karen finerman, and guy adami. regionals dropping more than 12%. earnings falling short of estimates. regions drop rippling through the sector. the weakness coming as the ten-year continues to hover around 5% for the first time since 2007. that historic jump in yield contributes to broader market volatility. the vix closing up 21, up more than 12% this week. markets closinging lower. as we get set up for the busiest week of earnings season, will rate fears continue to be the driver of the markets? guy, what do you think? >> i think so. kre, huge bounce off april lows.

think we got down to 38 and a half, trade up to 48ish. i think it's going to give it all back and we go back to 34 1/2. then does it hold, bounce, or is there something more nefarious? good news is all companies are 3% of the weighting. bad news is companies are all 3% of the weighting. they're all in the same bucket, and that's not a good place to be. >> the last time it had a consistent group of closings above 21 was in march when we had regional banks failing. the fact that we're starting the show with regionals making new lows, i say, where was the ten-year back then? start of march, 4%, on its way to 34.5%. guy's been talking about collective equality. we saw people going for

treasuries. >> back when you could. >> back when you could. ten year, in around 5%, all of the stuff that we were worried about banks going under for back in march and april is only worse right now, you know, so that's why bringing it back to the stock market or the broader stock market, vix hit 21. be prepared for a bunch of closes in this 20 handle. >> the regions earning call is very apparent. he's the same problem for all the regional banks higher for longer means it's going to be costly, because it's going to -- various deposits. that's going to go longer. and then the normalization terms mixed. customers are still migrating. the longer rates stay higher, the longer the normalization process takes place. more troubling for them. >> i thought there was a little other wrinkle to it, which is they had interest rate hedges on that cost them, and they're not finished with that cost yet.

finished net interest income was a big miss to your point, noninterest bearing accounts became interest bearing accounts, which is obviously far less profitable, but short-term rates are still high. they can make some spread. that little wrinkle was a little disappointing. they don't seem to have a held to maturity problem. wasn't great. expenses were high. that wasn't great. didn't have great reasons they weren't high. that also wasn't great. and everything else that happened in the market. there was not a lot to -- not like with the middle east situation, tough speaker thing falling apart again, you had bonds actually -- we're okay, right? but i think for a comerica, they didn't do terribly. they're trying to, i think, be cautious. didn't matter. they're all going to be swept up in this, uh-oh, is there a problem again in regional banks? >> and it felt today like that was a problem again. guy pointed out the range in the kre. if we're going near 34, stock

market's going a lot lower. what were the reasons these banks had these excessive sell-offs? one is net interest income for 3-q is 5.5%. i guess bad checks are a thing again -- >> isn't that crazy? i thought that was really interesting. it was mentioned probably in the first ten minutes of the call. first thing out of the gate was this increase in check fraud activity, which was a continuation from the second quarter. >> i don't know. i mean, ultimately i think it really is about the pr profitability of their core businesses. we said forever, there is no alternative. is it tia now, there is an alternative? there are a lot of alternatives. the stock market this week, unfortunately, last three days

of the week closed on the lows, closed below 200 for the first time in this run and is now down to 8.5% as we said on august 1st. going into a week it puts more pressure on microsoft than ever when we all pointed out these guys have been caring the day, and it's just a matter of when. >> is this a tell, though, so something bigger that's going to break or that needs to break in terms of decline in regional banks? or is this a renale bank problem? huntington bank shares ceo was interviewed today on cnbc and he was asked why the stocks have been battered. he said higher rates impact the economy. that's going to be a concern. potentially weakening labor market and also regulatory. so he made it seem a little bit more specific. >> and all things we have been discussing here for a while. at some point all the things you mention ready going to have an impact on the stocks. took a lot longer than i thought. here we are. is it something worse? i think so. you listen to what american express said, discovery

financial, capital one. start creating a narrative -- maybe the consumer is not as in good shape as we think they are. the move in the bond market has not been great for anybody. the rates start going down, it's because something really bad is happening in the stock market, not because the bond market fixed itself overnight. >> talking about small caps for a while now. close at a 52-week low. when we talk about capital, the cost of the capital, these are things we have been talking about for months. it's manifesting itself right now. i know carter's comiing on in a second. half the stocks in the russell 3,000 are below the lows. it's very near its year to date lows. the price action on many, many sectors and houchbs stocks in the stock market actually feels like we're in a bit of a bear

market. when stim says, it puts all thi pressure on microsoft, remember how it acted coming off an all-time high. that really was the top in the nasdaq. i said this last night, if there are any disasters lurking in big large names or just a meaningful deceleration or not just evidence of all the excitement that caused those stocks to go up the way they have, i think the stock market is on its way to being unchanged in the year. >> the equal weighted stock market is down on the year. it gets back to there is a bear market. there's a bear market in a lot of stuff. look at the airlines. airlines down 30% to 40%. there's been a lot of pain. and the retail space where i think you have had real understanding of where the consumer may be or where the consumer is yet, discretionary and apparel, and the market sold them. it is interesting.

utilities kind of find a bottom. you see staples find a bottom, health care. this is what you do. this is the playbook during times like this, and i think those are some places after big sell-offs in all those places. >> if you read the calls and hear what the ceos are saying about the consumer, you see all sorts of indications in terms of how they're talking about the consumer -- xrp saying credit continued to deteriorate, the quality of the credit. especially lower in the mid band. then today with regions financial you don't get a good picture of how the u.s. consumer's doing. >> right, it doesn't feel good. no, it doesn't feel good. the only positive to say about it is this credit cycle is just -- just getting into it, they're very, very well

reserved. so many institution really well reserved. doesn't matter though, in the short-term, if numbers tick up, in nonperforming loans tick up, everyone if they're covered it's going to be hard. >> you know who's not well reserved? the u.s. government it turns out, and that's one of the many reasons the rates are going higher. banks, balance sheets are fine. i'm not worried at the banks necessarily. it's something more afoot here and it finds itself in the way of federal reserve and balance sheet of the united states and the fact that the market is demanding a higher yield to buyer debt, rightly so, by the way. all the thing wes talk about health of the consumer, the consumer is fine. what if the employment rate starts ticking higher? it's a much different conversation when all these things start to kick in. >> thek we're going to have later on in the show about the currency markets and what's going on dosh me, the whole japan story, i'll save the headline for the block, is part of what's going on.

a lot of consumer has been through all this. jobless claims this week got better. we talked about this. the reality is the job market is tighter now than it was when the fed started, and if you increase the participation rate the way you have over the last couple months, that's why the unemployment isn't down closer to 3%. we'd be at record unemployment if more people hadn't come back in the labor force. it just means the fed is not going anywhere, and that not going anywhere and staying here for an extended period is something, and you have to factor that in. >> gold meantime continued to surge briefly, crossing the $2,000 mark. can rates and the bullion keep charging higher? let's ask carter worth of worth charting. carter, good friday to you. what are you see in the charts? >> sure. before we get to it, to your conversation about the market, it is characterized as the bullish year that wasn't. the russell 3000 which

represents 98% of the investable capital in the u.s. is up 8.9%, but the median stock is down seven. 60% of the stocks are down. it has not been a bullish year, hard stop. but let's go to the gold. we are right now on the one-year anniversary it was a friday, october 21, 2022 and rates hit a high of 4.34% before dropping all the way back down to 3%. and now here we are a year later at 4 ha.9. look at that chart that picks up from the chart at the prior high. friday october 20, 4.34, and here we are at 4.91. the question is, is this where it gets overdone? i think so, but i have been making that case and it's gotten higher. i'm a buyer of bonds.

gold -- look, these relationships -- there is this notion that, if the collar's to strong, why is oil going up? now the dollar stays strong, and here's -- these relationships are not always inverse. they're direct. either way, the moon shot we've just seen, and we've moved up $186 an ounce, on a short-term basis you fade that by all accounts. if you look at all rolling ten-session moves like this, it usually gets a check back, a correction. the longer term, is this ultimately great backing and filling at those prior highs before we break out? yes, look at the longer term chart, going back to the lows. it's a great setup for both. depends what your time frame is. it's not going to keep going at this rate. it's excessive. if you structurally like gold and i do, this chart tells the story. apple, bug earnings coming up,

and i think we should look at that one, too. might have a chart. i'm a seller. >> wow. that's straightforward. carter, i want to go back to gold. if you are a believer in gold in the long-term but believe your call that in the short-term it will pull back, you what's does that support level that it bounces down to? >> right, and that sounds like someone who doesn't have a clue -- oh, i think it's going down then up, up then down, but structurally, nothing's changed. gold has been -- for three years, trying to break out despite all the movement. 10% in ten sessions is a bit much. we close at 198 an ounce on the high. i think you get down to 180 -- 1,800, excuse me, and then you'll get your bounce. >> carter, thanks. >> sounds like he's got a bit of a frog in his throat. >> he plays hurt. >> that's what carter does. >> powers through. >> i like gold.

do we check back? maybe. every sell has been less and less, the magnitudes smaller and smaller. when this institutional money kicks in, which it will, then people are going to start talking about it -- i'm telling you now -- cnbc will be leading with d you see gold? >> we should put a gold ticker. >> no! our next guest hasn't seen a move like this in his two-decade career. former head of fixed income research. jans always great to see you. in your head, what do you think about in terms of what breaks when you see this moving yield so quickly? >> oh, like you always keep an eye on credit, right, as the high yield really starting to impact the corporate bond market, and we've seen some of. that you look at what's going on with global credit and we start

to see some weakness. a lot of different credit markets. it's been an accumulation of forces and we have had some incredible moves, even after the rally we have had today, right? we have am -- move on the week, everybody after rally, so that just chose how incredible big these moves have been. and it also is something that the fed clearly has taken into account. we have had five, six fed speaks now make reference to the bond moves. they are taking it into account in financial conditions as well. >> when powell was speaking the other day at the new york economic club, jens, he was asked specifically about foreign buyers stepping away. he dismissed that notion everyone though on wall street charts are going around with china stepping away. i want to read the quote. bound by overseas entities has been pretty robust this year.

so there have been small changes but i think by and large they have been buying robustly. which seems to go in the fast of what many people think on wall street that china's not in the position to buy anymore. they don't have the reserves. japan is also stepping away. what do you think? >> so, when you analyze china, right, the big change is that they used to be huge buyers, and they're definitely not huge buyers now. we can talk about how much they're selling, but the big change is they're not big buyers anymore. we track chinese intervention all the time, and we have had more intervention august, more intervention september, right? the pace of reserve is -- that's going to be funded by our treasury. some selling there. but i think where the big picture is, that supply's going up, right? we need to man to go up somewhere as well, and it's not china for sure. probably not japan either.

really if you look at the big picture, it's actually the domestic u.s. investors have had to come in and fill the gap, and so far up until very recently, the -- yielded way more than the bonds. much easier to park cash on the short end rather than go out and take duration risk. now that's corrected but essentially u.s. investors, households, even, have been helping to fill the gap. have been doing it mainly through t bills. that's probably why the long end of the curve they had to come up with a better yield point to suck in the man, and it will be very interesting to see what happens when the yield curve has a positive slope. is the dynamic going shift? that's one of the indicators we'll be watching right here. >> to me it's all about supply. also about a u.s. treasury. this is a fed or essentially a

government that's actually borrowing at really low rates and having to pay back and lock in at much higher rates. let's go to your namesake and go to the currency markets. kiss is 150 today. i would make an argument that part of the move in treasury yields could be less japanese participation. but it almost perversely, this carry trade is almost more attractive than ever when you look at the yield spread between the u.s. and japan. where are you on japan, i guess, is where i'm rambling here. i think japanese yields are the trigger to take u.s. yields everyone higher. >> yeah, so all the marks are connected, right? so what happens in europe matters to u.s. yields. what happens in japan matters to u.s. yield, and japanese investors have been massive buyers of treasuries over the years. the fact that the jgb is edging close to 1% in the ten-year, and above 1% for that to occur is

something the japanese investors don't have to come. it's definitely going to have an impact. we can certainly worry we're going to have another relaxation in their yield curve control, so we don't have any anchor anymore, and tachat could be a factor for the u.s. treasury market for sure. the one point i want to make is the u.s. bond market is not, like, its own thing. what is going on with long end yield is intricately connect to the short end of the yield curve. you can see it today. the whole curve resets lower in tandem. it's not the bond market doing something on its own. it's the whole curve. if the market could get comfortable that the fed is done, -- i'm not saying it will totally mean the supply dynamics are not important, but it's going to be the most important driving variable, and we shouldn't lose sight of that. if economy is weaker, if

inflation is under control, the short end is going dig sctate a be the most important force for the long run as well. >> jens, thank you. have a great weekend. so, there is hope that yields move higher, karen, but what do you think? >> certainly feels like they're going to move higher, right? also tonight talked about the vicious cycle of higher the government has to pay to issue, the more debt they're going to issue. >> ask yourself what would billion the causation or yields to move higher? probably because the marketplace is going to u.s. treasuries because something broke. which means in our world, it's not good. if yields are lower, the equity market is lower. >> and credit spreads blown out. >> and hryg goes down. >> you mean significantly lower. right now we see a breather in yields and -- >> i'm talking at a move -- if

we go to 4.5% something broke. in my opinion, it's not a good thing. coming up, details on the ripple effect of the break. plus, solar smackdown. plunging nearly 30% after giving investors stormy guidance. we'll ventthdi io e sectors that have the sun powered names stuck in the shade. "fast money" back after this. power e*trade's easy-to-use tools, like dynamic charting and risk-reward analysis

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but they don't follow you around. join the millions of people taking back their privacy by downloading duckduckgo on mobile and desktop today. welcome back to "fast money." news alert on okta, shares dropping after the cybersecurity firm said unidentified hackers accessed file within its customer support sm. the company noting its customer production offerings were not impacted by this breach. the stock closing down 11.5%. oracle cropping just shy of 6%. it was the biggest laggard in the etf, which also slid 2.5%. karening you still short this one? >> igb? >> yes. >> yes. it's a rate move.

moved not today. down a lot, but in general. staying short. >> oracle didn't seem like much news. had an a.i. executive update thing. talked about wins and partnerships with nvidia and other people. >> it's interesting because ever core upgraded the stock, $135 price target. a couple reasons. price having a situation being one of them. you're not zone where people are selling first, asking questions later. i don't want to beat up nvidia. it's gone from 516 that afterhours when people were talking about trillions and trillions of dollars of total addressable market. now it's 420 in the course of a month or so. go down pretty quick. the old a.i. crazy in terms of valuations that bloom off the rose? that oracle move could tell thaw. >> down 20% from the all-time high after they reported a better than expected q-4. the excess demand and the share

they're likely to take against the scalers and services they're offering, new a.i. -- for this stock to be down 20%, traded 18 times. it's not an expensive stock. trades at a market multiple, but they just don't have to goods. we're going to see a lot of that. to me i think this encapsulates a lot of bear market we're talking about. take away the ten stocks that have drerch this performance and we have a market that looks a lot like 2022. >> i think you have to include software, though, because i think these names have been booming as well, and they were almost the next ones to catch fire, and they're breaking down, and they can't grow at 5% 2010%. okta or crowd strike. and the thing with okta, they already had a couple management

meetings where they kind of started to balance growth and just cutting costs and being more efficient, which is not where you want to be with these names. look, i think you're going to see software has room to sell-off more. you look at the chart on crm, and it's not a great chart. if the market's continuing slower and you follow semis, semis is welling sauf, software's going to sell off more. a lot more "fast money." here's what's to come next. lights out on the solar shares. why is it a dark cloudy day for this group? our panel on the solar stocks next. plus, the busiest week of earnings is haemd amazon, microsoft, alphabet and meta set to report results. stick around. we'll bring you the options action on these names. you're watching "fast money" live from the nasdaq market site in times square. we're back right after this.

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[ screaming ] welcome back to "fast money." a gloomy forecast for solaredge. other names getting drag down as well. deep in the red. you alerted us to this. the reasons for weakness in europe and lack of access to capital for its users of microinverters, that was interesting. >> right. this is a gigantic -- a gigantic guide lower. when you have a huge revenue miss you're going to have an enormous growth margins miss. and it doesn't seem like it's over, so it's very hard to model. what's it going to be? it did seem very specific,

though, europe. but that didn't matter. that easily crossed the shores and our sector was hit as well, as it should be, i guess. i own this from before it was public, sold it a while ago. it triples after i sold it. it hasn't been at this valuation for a while, but it's hard to step in right here. at least a three-day rule if you wanted to buy it. i don't want to, though. >> seems like a solaredge issue but a broader industry issue needing the financing. they're talking about installers not having dose financing. that is going to be widespread for ones facing the residential sector. consumers usually finance the installation of their panels. >> it's a financing issue both on the -- on the enterprise level and consumer level in terms of the buyer. it's also a question where yields make sense. let's reassess what makes -- what's a profitable business at

5% fed funds? >> seven analysts come out, cut their numbers, thanks for your help. the average price target is down to -- it was 2:39 prior to today. it's $189 now. that's the average price target. the analysts community is still way offsides. >> interesting what you're saying. consumer financing, important to get these things on your roof. wham did elon spend a lot of time on his call yesterday? >> interest rates. >> doesn't he have a solar company? >> sort of. >> cowboy hat? kim ball. >> his brother or something? cousin? >> i'm just saying, we had s stevizeman on. what hed he say? things you don't need to finance is final. but that's a thing they need to finance. coming um, a titanic slate of tech earnings next week. we'll teal you how options trade we are are playing.

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welcome back to "fast money." socks ending week lower comes as the ten-year yield hovers for the first time since 2007. s&p and nasdaq down more than 1%. bitcoin bouncing alongside the grayscale bitcoin trust. amid new hopes s.e.c. will finally approve a spot bitcoin etf. am meantime dealing with a problem as it ends the week in red. the tech giant parting ways the jon stuart. apple and stewart had creative differences over the content of us show. steve kovac is here with why stewart pulled the plug and why a show tackling hot button issues proved troublesome. >> "the new york times" reporting stewart walked away

from the show after planning to do segments on topics like china and artificial intelligence. apple pushed back and tried to exert editorial control over the show, and stewart, he decided he'd rather cancel the season instead of cave to apple's demands. this is the latest example of apple apiezing china, and we know why. it's home to most of its supply chain and depending on the year or quarter, as much as 20% of sales. this was apparent 11 months ago when covid lockdowns in china led to iphone factory workers protesting and facing violent pushback from security forces. apple said at the time it was monitoring the situation, but after that, nothing but silence. that cause app toll post declining sales for the holiday quarter last year, which had rippling effects through the rest of last year. we're expecting app toll report the fourth quarter in a row of declining sales in a couple weeks. meantime, ceo tim cook was in

china this week visiting suppliers and customers as the company faces falling demand in that country for its newest line of iphones, melissa. >> what's the context, steve, in terms of problem and viewership? was this a big show. when i first read the article, i was a big fan of jon stewart when he did daily show buck i thought maybe it just didn't gain traction. he was like, i'm going to walk away, and this is a great headline for him say i'm a defender of free speech. >> it's a great headline for jon stewart. i imagine we'll hear from him sooner or later. it's not really about a ratings thing or profitability thing with apple tv plus when it comes to this. they're chasing clout. they had the oscar win we are koda. loved saying how many emmy. no neighs they get, and this show had five emmy nominations over the two-year run it's had so far. it's not like it's a dud or people weren't watching. there are some great segments he

did that broke through. there was one on transgender youth that got a lot of people talking about it. i don't think it's an unbatched show or bad show. it was winning emmy nominations. >> steve, thanks. dan, i know you have a lot to say. >> i was going the say, elon should give him a ring and let him do his show on twitter, but the only problem is elon would have the exact same problem with china if jon stewart went on the twitter. if i think about a guy like elon's reliance on china for manufacturing, for the consumer demand. they just put these graphite export controls. they need them to go in batteries. my point is a lot of people really conflicted, usually they're large multinational corps weighs. >> sure. buts a shareholder you want the big company to pull the reins on a show -- >> nike's another example of companies that decided to avoid very controversial stuff, and by the way -- irreconcilable difference take that back i

think i think they made some difficult stands. it's just difficult because apple has been so righteous about protecting the identity, and they seem to stand for a lot of things that really i would think free speech fits in with and not being held hostage by a place where frankly the rule of law and human rights and a lot of issues are big problems jon stewart's always been this way. he's been socially critical and funny at doing it. and so i'm not sure why they even engaged in this kind of a production with him if in fact they were worried about this. but again, i think of apple as the company that gets really high and mighty about protecting its users. that's great. that's why people love apple. but this to me also seems counter to that. seem like a company that's trying to be really controlling. >> it's expensive stock. they report november 2nd. after apple announced they are banning apple products, you

said, what happen if they do a shadow ban? that's not good. forget about that stuff. back all that out. it's still an expensive stock. the last three quarters have been disappointing. trading at probably now with the sell-off, 27 times next year's numbers. doesn't make sense. >> i understand there's a moral high ground. i understand these companies have the power to enact change, but as a shareholder you don't want anything that's -- if disney were asked by the chinese government take down all your winnie the pooh content -- there was all this stuff about xi jinping being compared to him. do you want them to take the moral high ground or take winnie the pooh down? >> winnie the pooh on ozempic.

>> it wouldn't surprise me. i don't think it's so crazy for a company to say, we're going to kater to local tastes, right? not everyone wants what americans want some if he's their leader, if he says, you hate winnie the pooh, millions of others probably say they hate winnie the pooh. that doesn't trouble me. >> to your point, the villains in these spy novels are no longer chinese, right, because there's 1.2 million citizens our studios want to sell these movies too. that's just a fact. >> i'm getting frustrated by this topic, because i think if we're not willing to tell the truth about companies and countries and things, it's a problem. if this is the biggest company in the world and they're -- i mean, i'm not going to call it censorship, but what is it? if you don't like the message of somebody you've hired as a creative force, has a big audience and is outspoken and that's why people love him, i don't think that's what we want in this country.

i don't think we want people telling us what we can say or watch. >> i dig eyeore by the way. coming up, big tech is on deck to report earnings next week and it's look likitoue cld be a volatile ride. we'll help you hedge with options next. with cirkul, your water is deliciously flavored at the turn of a dial, with zero sugar and zero calories. and cirkul has over 40 flavors, so your water can be as unique as you are. try cirkul. your water, your way. now with even more flavors. available at walmart or drinkcirkul.com.

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welcome back the "fast money" four of the so-called magnificent seven are set to report next week. apple moved 4%. let's bring in mike khouw. if you were to use options on one of these names which could it be? how would you do it? >> i would take a look at amazon. i think this is an economic bellwether in a couple respects. cloud spend is going to be something people are keeping their eyens. if you look to december, move could be much bigger than the 6%. december 125-105 put spread. spending about 4% of the current price that kicks in where the stock is now and will last you

several weeks. >> dan, what do you think of this trade? >> makes sense. might call it a hedge. they had a gap on earnings and it wasn't about aws. it was about operating in the retail. people were excited. then the thing fell off the cliff. now people with concerned about the deceleration. i think it makes sense to hedge the stock. right near four-month lows. invest we ares shooting first, asking questions later. >> we spend a lot of time looking at microsoft and apple when they have those significant move right down to the 100. and those downtrends are very much alive and it's pretty interesting. microsoft's downtrend not as steep as apple's, and again, nothing to lose sleep over. having said that, these are the stocks that it's not going to take a lot i think to weaken sentiment that right now looks vulnerable. >> meta implied move of 8%, karen. that's pretty big.

unusual. >> it is pretty big. i know. worries me because it's had an an enormous run off a super low. so i don't know, my magnificent seven, if we have to call it that, exposure is meta and alphabet, and then amazon and netflix. they're all going to trade together, though, after the first one, whatever it is. then they have to differentiate themselves. >> real quick on facebook, small business ads, one has to wonder in this environment as the russell, microcaps have sold off, does that do poorly for facebook? that's going to be fascinating when they report. i'll be watching. no doubt sitting amongst you good people. >> you do look a little bit like eyeore. >> what does that even mean? >> no time for eyeore. >> mike khouw, thank you. coming after every boom there's a bust. case in point, while baby

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welcome back to "fast money." generation broke? a new report shows genx households are failing to meet retirement savings targets, and they're not everyone close. sharon apperson is here to take us inside those numbers. they are shocking, sharon. >> well, melissa, they certainly are. a recent report on the national retirement security finds the typical household has only $40,000 in accounts. it should be no surprise that genx yourself around 43 to 58 years old like the folks around that table are more than likely than any other generation to feel like they're behind. rising costs of education and health care, student loan debt, caring for children and aging parents are some of the financial hurdles weighing heavily on the generation. some also may be missing out an ways to save more money, like fully funding your 401(k) up to

$30,000 if you're 350 or older, taking advantage of a roth 401(k) or making an aftertax contribution saving up to $66,000 in 2023 or $73,500 if you're 50 or older. now, the irs hasn't officially announced 401(k) contribution limits for 2024, but they are expected to go up. melissa. >> sharon, i was wondering if this generation has the most debt. they're the sandwich generation. they've got a lot of bills to pay, and now in terms of interest rates that debt is just getting bigger and bigger, even if they don't spend anymore. >> so many people do not have an emergency fund, and that credit card becomes the de facto emergency fund for many people in this generation. tough credit card debt on top of that. a lot of people think it's younger folks.

there are many people in their 40s and 50s still paying back student loans as well, either for children or loans they've taken out for themselves. >> so you're right, the debt levels is something that's weighing on a lot of folks in gen x. >> the student loan repayment, there's a grace period, isn't there? if you had the choice of putting that on hold or paying it down like a credit card that has 25% interest, seems lake the credit card is a no-brainer. >> absolutely. you want to get that high interest debt out of the way first, and a lot of folks are not focusing on what the debt is right now. when you got that credit card, what the rate was and what it is now a few years later is probably astronomically higher than you anticipated, swore talking about 25% interest on a lot of credit cards. some new cards closer to 30% interest. so you really want to pay close attention to what you're paying to continue to hold on to that

debt and get that out of the way. >> sharon, thank you so much. >> sure. >> this is a message the people need to hear. guy, what was it you said yesterday? seems really applicable, really fitting? about the tree? >> this is not me, this is like a proverb, but i'm using it. best time 20 year ago, now today. today's the best place to start. >> suze orman will be join us on set. up next, final trades.

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i don't usually do this at the top here. we have very special guests in the audience, extremely special guests. the whole nathan clan, practically. >> look at that. >> parents, brothers, sisters. >> the whole jam zwr. final trade time, tim. >> staples. slowly starting to outperform the s&p by 3%. stay there. >> karen? >> gptc. the you were in it because the discount was gigantic, which it was when the cryptofreeze happened, it's not anymore. it's much smaller.

risk/reward is compelling. sell it. >> my parents have seen 90% of the "fast money"s i have been on in the last 13 years. qqq still a seller. >> hasn't miss a show 17 years annccohiis, . gd kp. >> right now, hi nathan family. 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 i'm just trying to make you some money. my job is not just to entertain but to educate and teach you to be better investors. call me or tweet me @jim cramer. tonight i want to share some of hi accumulated wisdom, and there's a lo