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tv   Fast Money  CNBC  November 10, 2023 5:00pm-6:00pm EST

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to thank veterans past and present for their service to our country, this day and every day. we honor you thatv a wonderful weekend. that's going to do it for us here at "overtime. "fast money" begins right now. live from the nasdaq market site in the heart of new york's times square, this is "fast money. china and earnings and inflation, oh my a potential market moving earnings next week how you should set yourself up going into the weekend plus, bad medicine while eli lilly and novo -- pfizer hits new lows later, unplugged plug power seeing their worst days since 2014. can the one-time standout star stock get recharged or has it lost its spark >> i'm melissa lee coming to lye. on the desk, tim see your,
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karen, bonawyn eison, and guy adami. moody's to negative from stable. they did reaffirm the aaa rating wally responding saying, we disagree with the shift. the american economy remains strong, and treasury securities are the world's preeminent lick quid asset it's also the -- >> circus. >> exactly. >> theoretically yields should start moving higher again on the back of them you saw a big move yesterday, backed off a little today. this should be bearish for bonds. we'll see how the market reacts. s this something we have been talking about for a while. the fact that they're late to the dance doesn't mean they're wrong. i think rates go higher because
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issuances are growing and people are demanding more to buy our debt, which makes sense. the flipside is you have a slowing economy, which took interest rates from 5% to 4.5% that's the constrrux of this ene market argument. >> in the context of higher rates without effective fiscal policy measures to decrease spending or increase revenues, they go on to say political polarization in u.s. congress raises the risks that governments will not be able to reach a consensus to slow the decline and affordability. this is a long-term trend we are on it's not just now it's going to continue, what moody's is saying as we're ten days away from another government shutdown. >> we never had the political circus be cited in the past. we have had the circus for a while. as the e.m. guy on the desk, i've seen downgrades around the world. that is what cited, political
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instability. when the s&p downgraded the a, a back in 2011, august, do you not remember where you were? it was a big moment in time. interesting this comes on the eve of this big summit with xi jinping. it's not great timing as the u.s. is looking to reassert itself and just point out consistent u.s. goals both around the world and in terms of a global economy also, reminding that when that downgrade happened a year ago, u.s. yields continued to move lower, not higher. the dollar actually rallied. so there are dynamics that won't necessarily be intuitive they may be counterintuitive, but everything i said is right when you consider we had a bad auction this week of the 30. there's different things this week what does this mean for rates and yields i think it's business as usual. >> at least immediately we see a slight uptick in rates. >> i do sort of think this is business as usual. this has been happening in slow motion for quite a while
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it's worse than it's ever been used to be the debt ceiling was -- you just rubber starch and it move on to the next time. obviously in the last couple years that hasn't been the case, back from the obama administration where are you going to go? who would hold the mantle of the quality? i don't know who that would be if things get really bad, ironically, there's a flight to quality here, everyone though it's not quite as quality. jamie diamond would say, the market will tell you what it is. so it doesn't really matter what sticker they put on it, the market will tell you. >> karen make a good point,s this tina, there is no other alternative. that's why we'll get to see rates stay where they are. now come off 40 but at one .50 basis points what we would be doing if we were looking at this country if it were corporate, growing debt
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balance, fiscaler responsibility, inability to wrap their hands around spending, and all this in a higher rates environment we'd downgrade and it would be less rosy than before. that said, it is still the u.s., flight to safety, quality. and with all that being said, i don't think there's another place you can park your money with the same level of confidence. >> that gets to tim's point in terms of, you don't now how it's going play out might see rates go higher, but ultimately we could see -- >> shine a bright light on the u.s. and then the rest of the world. what's going on in japan is a joke there's no consensus there's not a common tax base. it's unfortunate that this is coming as we go into a political cycle as this government does need to make soft significant decisions, and they do look stalemated it's also coming at a time when the federal reserve is essentially winding down, and
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you've got qt, significantly more issuance. these are the things -- and i know last week was that exciting week when yields pulled back, but i would remind that the one that i think drove market yields lower the most is the one that really -- it was a temporary reprieve, but there's going to be more longer dated debt issuance coming. everyone thinks you almost miss that shot at 5%. i think you're getting another shot. >> today's market action comes ahead of three big potential catalysts next week. tuesday, the biggest read on inflation. wednesday, president biden and his chinese counterpart xi jinping meeting at the asia pacific meeting in san francisco. and of course a kickoff to retail earnings. walmart, target, home depot, and more set to report we've got a lot of events. will they help the rally will they stop it? and then of course we have this outlook change on the u.s. credit rating. >> the biden-xi summit, whatever
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they're calling it, i think it could only -- i shouldn't say only -- the risk to the market is the upside. relationship is worse in 50 years. if anything comes out of it, a handshake and detente, the market will like that. i don't know how long lived that will be. we have sent four or five people to talk over the last six to nine months, and each time in the aftermath something negative has taken place. so we'll see but that's the one thing i'm watching next week. >> all the headlines there there in terms of what they're going to discuss military communication, cooperation, and that they want cooperation as opposed to being rivals but at the same time this also comes right after smic reported their earnings in china. week quarter in terms of chips that underscores the our tech conservatives are having on our counterparts abroad, tim. >> there's different perceptions of who's the driver of
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negativity if you look at the chinese press, they think the u.s. lost their way. they think the u.s. in terms of how they have been pushing the perception of china, their own perception of themselves i do think -- and i say this around almost every significant relationship we have in the world, the break we have had in diplomacy over the last ten years -- it's not just this administration, not just the trump administration, even in our cold war, our best and brightest were focused on diplomacy. we want communication. the fact that the military could be communicating somewhat, great. there could be cooperation on global narcotics trade i agree with guy, the expectation is almost zero, but if you think we're getting an agreement on regional temperance of china's influence in the south taiwanese sea or around the world while russia's in ukraine because they want oil, forget it. >> i agree it's quite tamped
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down that said, i'm not in the business of making bets on things i have no control over, and that's the definition of all those things i'm more focused on consumer earning next week, particularly target it's been in the crosshairs for a lot of us. we want to see if they're able to turn things around, what inventory management looked like, and consumer trends. if you look at price action today, consumer discretionary was quite strong, and we see earnings that have exceeded expectations in the s&p 500. the there's a chip to fall, i think it's going to be in the consumer space. >> karen >> i focus on it a lot expectations are pretty low. we've got a lot of negative earnings, negative sentiment, and i think that they're trading at pretty low multiples. so i think that it also depends on the outlook we have had a couple companies say, well, we saw things were okay during the quarter, but now with the world being a little more upheavaled, things are
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pulling bark, i want to hear the commentary my concern most about target is temu and shein, how big of an impact are they having and i think that's more walmart. >> breaking news of the mix of consumer and discretionary goods. >> somebody said bad medicine. >> bon jovi. richie sambora said there's a chance they'll tour again. >> he's a big fan of the show. the bad medicine is that the economy is weaker, and and client are trading right into their wheel house, i continue to think walmart can trade higher it's investments they made in core business and technology and people they've done a lot of sprucing of stores, and i think it will continue to be defensive here, but again, that walmart/target spread, that trade, that pair trade, i'd be long target over
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walmart women know what target's done wrong they've made a lot of mistakes i think the share price suffered. >> that's been the bet we'll see if they get their act together, but target's been middled and a lot of problems are self-inflicted to target and a lot of other things are falling under the auspices of the consumer i hear what tim's saying, that's probably the right bet walmart, new all-time high again today. 23 times, which sounds expensive, but historically it's trade ed higher. >> we want to get to eamon jabbers. moody's credit downgrade he's also got secretary janet yellen, she's going to host a chinese minister this week she spoke at a press conference following their meeting this morning. we want to get to eamon for all
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that. >> reporter: secretary yellen did just wrap up two days with the vice premier in san francisco today. she told reporters the two countries agreed to stepped up cadence of communications, that they're mutually beneficial to economic interactions, and neither country is seeking to decouple its economy from the other. they did flag one area, that's chinese support as the u.s. sees it for the russian military. >> we do see evidence that there are chinese firms -- and i'm certainly not saying with the knowledge of the chinese government -- but some chinese private firms that may be aiding in the flow of this equipment and material to russia >> reporter: and note that yellen left a little bit of an out there for the chinese government saying, they might not be aware of these activities but nonetheless she says the u.s. wants china to crack down
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on it. overall she says the economic sessions this week set the stage for a more wide ranging conversation next week between president joe biden and xi jinping next week. that's taking place wednesday on the sidelines of the economic cooperation summit i'm on my way to san francisco for that event cnbc will have full coverage i want to toss you the jupdate w got seconds ago. moody's decision to change the u.s. outlook is yet another intense of republican extremism and dysfunction. moody's cites a number of actions by recent republicans. we also have a statement from deputy secretary treasury wally a a a addyemo. he says, we disagree with the shift to a negative outlook.
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securities are the world's -- politics from the white house pushing blame on to congressional republicans. we'll see what they have to say about that you can imagine they will blame the biden administration melissa, back to you. >> can you go back to the actual statement? it sound like she actually said that moody's cited the actions of congressional republicans, and i'm not here to defend republicans, but i do want to get the record straight in terps of what moody's said because i read the press release, and they did not mention republicans or dem democrats. >> reporter: right here's the white house framing on that. very good point. white house secretary says moody's cites a number of recent actions by congressional republicans, repeatedly taking us to the brink of a republican shutdown, shutting down congress for three weeks because they were unable to unify around a leader and holding the nation's full faith and credit hostage. what the white house is saying those things were republicans's false, and that's the stuff that has moody's concerned. that's the line from the white house. >> i will give her the benefit
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of the doubt perhaps she read the full report which i have not been able to do as we were on the air, but that was not cited as a headline within the press release eamon, thank you, though safe trip to san francisco interesting that it's -- the hijacking begins of this narrative. >> isn't that just what they cited? that response is exactly what they see it's interesting. >> very not sad. let's switch gears here. it has been a rough couple months for health care sector. the flv down since august. carter worth's got the technical picture on this. carter, what's your take here? >> you bet well, so we're just going to look at ratio chart, relative charts, which is to say the best way to depict performance of one thing to another in this case, the sector, health care, to the market, the s&p so let's jump right to it. this is a two-year chart it's simply a ratio.
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one thing divide bid another, and that basically projects a relative strength line that bottom channel there that i've drawn, that looks arbitrary. you've connected two points, carter, so what? just starting to breach the line let's look at the all data chart. same thing sector data goes back to 1989. this is the same chart with no lines new york drawings. let's put that same trend line in we have literally touched this to the penny about seven times let's put the airr arrows in to depict just. that our thinking is we're going to breach, going to break trend for the first time since 1989. take a look at the next chart, which depicts what i think is coming that's the same chart, but we did so slightly today start to undercut this all-data trend line for the relative strength line of health-care to the s&p
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not good. >> and carter, you know, within the xlv, how is pfizer looking i'm asking for a couple friends [ laughter ] >> we've all talked about this one. i have been tempted and everyone at one point mid decline tried it and cut it. you know, one of the great rules in markets is if it's in a downtrend, basely hold your finger off the buy button if you can. we all make that mistake, and it's the human condition, but here's the thing there is no reference point. the covid low was 2642 that's another 8%, 9% from here. i see no reason why it can't go down to that level. >> all right carter, thank you. carter braxton worth. >> who are are those friends of yours? who are those people. >> it rhymes with shim and sharon and they're sitting here tonight? >> we jokingly say it's tim and karen's pfizer. >> it's like we're wrong a lot i'm in pfizer around $40 thinking, boy, this was a great
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level to bend the stock. it was a level where i thought we priced in all the pullback in essentially covid vaccination dynamics we continue to get worst data there. we heard about a company that spent a lot of covid win fall that won't deliver for an if you years. the problem is, there's nothing sexy in terms of eps growth. you're flat lining that's the story that's what's going on with the stock. i think on a relative value to the rest of the space, i think there's a lot of opportunity here karen? >> yes thanks, tim. everything shim said i agree with we talked about the medicare, who's going to be eliquis? which is a pfizer product, right in the crosshairs. a lot of negative sentiment around that. of course the covid falloff. that as well also in the health-care space this year, all of the oxygen,
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more than 100% of the oxygen this year is in novo nordisk it came from the pfizer atm. yeah i mean, it's been not good. >> we talked about before the vertex painkiller that's in development, the nonaddictive opioid like painkiller, big concepts it's going to displace treatments all over the place. >> with somewhat binary outcome, as opposed to keytruda which has 25 indications. what's interesting about the xlv is unh -- xlv has been rolling since april. the question i guess is what happens if those stocks start to give it up then you start to see a cascading xlv.
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cbw might be on to something here. >> i agree one thing that jumped out to me in terms of shorting or selling the health-care space and buying s&p is a leverage beta and tech play that's one thing to keep in mind do you want more tech exposure, and do you want less educxposuro old economy? coming up, wheeling and dealing in the oil patch latest in some potential high energy m&a and why opec cuts could be fuelling the action uber hitting the gas this week up more than 8%. we'll take a look and whether this should be riding shotgun in your portfolio stay tuned
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mom, love you always. vo: when you graduate, they graduate. visit finishyourdiploma.org to find free and supportive adult education centers near you. welcome back to "fast money. uber popping more than 3% today, bringing its gains to over 8% for the week the stock, which reported earnings on tuesday is up 10 of the last 11 days and closed at its highest level in more than two years. this of course as lyft had some disappointing results. tim, lyft is lags, right >> it is lags. let's go through a lot of tough ones for me. >> sorry, that's the way the chips fell it's not pick on tim night. >> it's friday, that's okay. >> there are plenty of nights
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that's deserved. and it has lagged. in terms of transportation as a service, companies are showing improvement in trends and pricing. some of the macro around drivers and regulatory lightened up. the reality is they have destroyed the status quo legacy transportation in major areas. there are no taxis in new york city there's only two places to go. no one trusted that suite in terms of the guidance they were giving i think they're on the road to recovery, but it's been an underperformer. >> since june of '22, uber's up more than 145%, 150% lyft's gone from $13 to $10.30 at some point we've seen that type of divergence, it self-corrects at a certain point. we're probably close to that happening. i'm not saying sell uber but
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lyft will catch up it's not that wide a chasm as the stocks are reflecting. >> what would you prefer, something diversified with delivery services and eats, or something pure >> definitely uber, but my initial gumption was to go with lyft because of the pure play aspect of it when you have numbers like $900 million of free cash flow and cash those are the things investors are going to look at in a macroeconomic environment i believe ride share was up 30% year over year lastly, the last thing that shouldn't affect share price, but its inclusion likely does cause the stock tole elevate we've seen it with tesla and others. >> karen >> i also thought the pure play was interesting. the monumental shift was the free cash flow lyft is not there.
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hope to be there shortly uber is. it's accelerating. it's not cheap, but to the not crazy expensive considering the trajectory they have i wonder ifs this a good reflection on the economy more broadly. >> ubers gains are >> uber's revenue gains. people are out, going places, spending money. >> i think it's reflecktive of a normalization trend that's taken ow a lot longer in a lot of sectors. and i think the jury is still out on the airlines. >> there's a lot more "fast money" to come here's what's coming up. cannabis truelieve. plus, big deal energy. is a wave of m&a about to hit the oil trade? we'll tell you the tail of the takeover and what opec has to do with it. next you're watching "fast money" live from the nasdaq market site in times square. we're back right after this.
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welcome back to "fast money. shares of o of -- berkshire haty continues to buy shares and it holds more than a quarter of the stock. is this just the tip of the iceberg when it comes to deal making in the space? brian vulnsullivan joins us now. >> i feel like we did this before today. >> like 11 hours ago. >> warren buffet owns 20% of occidental
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he's got a preferred share as well bum here's the thing a lot of people may not know he got a special waiver as only warren buffet can do from the energy don't buy as much as 50%, one after of okxy doesn't mean he will, but he's able to do that. doesn't take a wizard to figure out, hey, maybe he wants to buy occidental and take it private completely who knows. it's a $350 million market cap company. 224 million shares 4% of berkshire hathaway here's a thing a lot of people don't know or gets lost in the occidental haze. warren buffet is also the single largest active shareholder of chevron. yeah, you got state street and black rock they're passi investors through etfs berkshire hathaway is the third largest institutional shareholder in chevron as well
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so he's making investments in oil long-term. the exxon pioneer deal, chevron hess deal. but keep in mind, those were special deals. pioneer run by scott she if those may be special situations i know you talked a lot about this are these mid market deals that kind of pop up all i know is this -- if you believe that we're not and you long-term? i would argue that the longest term investor of all, mr. warren buffet, is investing for the long-term future and profitability of some of these oil companies, like it or not. >> do you know, brian, when warren got that waiver >> yeah, it was earlier this year. >> earlier this -- okay, so it's fairly recent as he was accumulating shares.
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do you now how much dry powder warren has >> guy adami probably talks about this at the dinner table what's their cash pile >> i think they have their largest cash position they have in terms of absolute dollars in the history of the company, so, yeah. >> think about the 8% or 9% they're making off the preferred stock on occidental. they don't like it out there i'm they would like to have that all back they got what they needed from warren buffet. they don't want to pay is special dividend but he's well over $100 million in cash. the overseas oil companies aren't that big in terms of market cap because they have a lot of debt as well. like the auto companies. their market caps belie their size bhu i think there's no way around it. you talk about the future of deals. i'm not going to report this, but like we talked about on "sidewalk" this morning, if you don't think there are more deals out there, you're silly, and the
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european majors under the most scrutiny and pressure from their boards and the european regulators did touchdown shells, bps, italy -- i bet you those are going to be the next ones we start to hear about because they have to do something like shell, they're moving their headquarters out of the unfriendly netherlands to the uk, and some suspect shell becomes a united states headquartered company. >> you're saying these are major companies in europe, and you're thinking they merge with each other. it's not that if shell, according to what you've heard in the oil batch, is going to buy a mid tier company it's that shell -- you mentioned shell and bp this morning. >> i'm not say i'm hearing that i'm not reporting that i'm simply saying there is chatter in the industry about what these large -- after we got the exxon and chevron deals, okay, everyone says, what's next you look to europe let's be clear, they're under a lot of pressure from their
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boards, regulators they have a much stricter regime over there shell replaced the ceo the new guy is younger he said we're going to do energy projects where they are profitable not just wind that are outside our core because regulators tell us to. we are going to do the ones that make financial sense bp was saying we're going to get out of oil and gas completely. that ceo, bernard loony, he's out. we'll see what the new leadership of bp does. but when you look at a shell, the ceo, he's made it very clear -- he's 45, he's aggressive he has said, we are going to make money, otherwise we don't -- i'm summarizing -- otherwise we don't have a purpose as a company the you're bp and have been sitting out there going in one direction, i think there's been this big turn, especially with the rise in rates and a lot of other types of energy projects have suddenly become not economic. >> all right, brian, thanks so much for joining us.
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we'll see you tonight on "last call, 7:00 p.m. eastern time on cnbc. quickly we've talk about the deal making before brian makes a good point in terms of special situations for the deals we've seen recently, but still there's a lot of chatter about deals that are yet to happen. >> some names like devin are names that are often bandied about. there's some question for me as someone who's loved the industry, gotten lean and mean, paid down debt -- seeing deals happen, but that chevron deal was great for chevron. >> that oxy deal, that 50%, was that a waiver from the government or oxy? >> from the government i believe. >> you always need approval to buy the whole company. interesting. seems like he's an elephant hunter seems very elephantesque. >> why not he's got the must be. >> he goes to mcdonald's and
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it's announced the stock goes up $20. he's been in oxy for two years it's been $62 to whole time. >> i thought your analogy was going to be, you go to mcdonalds, you order french fries, why would you eat them one at a time? why wouldn't you eat all of them >> eat the whole thing of fries. >> he may end up eating the whole thing. i wouldn't bet against warren buffet strategically doing things the right way. coming up, rolling into the cannabis trade ceo kim rivers joins us to lay down what's to skexpect and how green this group can get "fast money" back in two
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welcome back to "fast money. stocks closing out a big week of gains in emphatic fashion. the dow up more than%, the s&p up more than 1.5%. the nasdaq -- all three ending at their highest level tesla shares bouncing after the investor ron baron spoke positively about ceo elon musk
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everyone after china announced its own electronic sedan which they say it will rival model x. truelieve -- joining us to discuss is ceo kim rivers. great for -- thank you so much for joining us it's great to see you. in terms of we had cannabis on the ballot in ohio, it passed, i'm wondering what that means for you as a major florida player if it does help the industry overall. >> absolutely. any time we have overwhelming passage, 58% in ohio was great we actually are in ohio as well, so it's good to add another potential adult use state on the map for using but florida's the biggest story, the biggest catalyst for the industry. that market poised to move to a $6 billion market if adult use is on the ballot. >> what are the financials
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you have been buying back debt to release the debt burden are you planning to use free cash flow to do that because you have outstanding debt of course. >> we had debt that was coming due next year and decided to retire that as well as proactively take off the table some of our 2020 notice at a discount we saved about $20 million in interest through maturity. thought it was the right thing to do. we're going to satisfy our obligations as we should if we're general right cash it's great to see ow initiatives come through the balance sheet we're going to continue to focus on that but not lose sight of investment for growth. major catalysts ahead, not only in pace for florida, but pennsylvania is setting up nicely for adult use move. we've got additional use in georgia. ohio i just mentioned. so lots of great markets to invest ahead of, and then again as we continue to look forward to a more regular integrated commerce environment as things progress on the national front as well. >> kim, it's tim want to talk to you about what
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you think the drivers are for the stock? i'm long kim's company, long a handful of names in my cannabis etf, but invest we ares struggling and have been let's leave d.c. out of this company specific, whether it is balance sheet and cash flow dynamics or trueleive margins -- the forecast coming it an is your margins are getting better. your margins are going higher. i'm just trying to wonder and trying to understand what you think is really the better driver for how people should be looking at your company. should it be efficiency? or should it really be about you're one of the biggest companies in the space you've shown you can be opportunistic and push people around at some point. >> yeah. thanks, tim. we're a fundamentals first company. we a very inquisitive period and we had a lot of integration to do of course there's been normalization among consumer behavior coming out of covid, and again, our team last year
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really doubled down to focus on getting the business correctly postured by the end of this year, and i think folks are finally seeing that come through the numbers. it's great to see. kudos to the team. we gained efficiencies, focus on winding down inventory, generating cash, but doing so in a responsible and productive way. and you saw that come through our margin fundamentals, execution is going to win over the long-term. we're focused on that. we've got incredible opportunities coming out of florida. we have 130% in terms of our productivity in stores vees a vee the average in the state growth, fundamental improvement is there i think investors are seeing that and excited about that, and taking the balanc-- off the tab our balance sheet is -- gives them confidence as well. >> kim, thanks for joining us.
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normalization, by the wait a minute people are consuming less than they had been during covid when there was more time to do so. >> i think head winds from inflation, tough cops are out of the way. last week we have had earnings across the big multistate operator space, and growth has been interesting great numbers. stocks struggled from the the infrastructure of the space. there's not a lot of money coming in. coming up, plug power warning it might get its plug pulled we'll outline the action next. later in honor of veterans day weekend, team rubicon will tell us how hiti is men service helps hiss massive humanitarian relief programs. that's when "fast money" is back
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- today, 9 million kids win america. are considered food insecure, meaning there may not be a lot of dinner at the dinner table. help change a kid's life. support your local food bank. the more you know. welcome back to "fast money. a couple stocks making big post earnings today trading nearly 17% on guidance while hydrogen producer plug power plummeted over 40%, its biggest drop since 2014. the company issuing a going concern warning. that's not good. staying it could struggle to stay afloat if it doesn't raise more cash. plug-in had power options traders piling in.
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might be's got the action. mike >> you can guess based on the comments you just made, when you talk about growing concerns, options traders get concerned. this is one of the busiest single stock options today top contracts. but the busiest were the january 20th t2.5 strike puts. they're betting that the end may be near. >> wow karen, you have been taking a look at the debt side of things a little bit. >> yes, it's interesting that citadel owns a very large chunk of those converts. it's probably in their interest to have the equity go down further, right >> wow interesting. >> yes. >> mike, thanks. mike khouw coming up, we are honoring our veterans we'll talk with team rubicon ceo art de la cruz about how they're rvg terans nationwide. stay tuned
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let's welcome team rubicon see you art delacruz great to have you with us. >> thanks for having me, melissa. >> before we get into team rubicon, i want to hear your story you come from the navy you taught -- i mean, it's an amazing career you have had in the navy. >> yeah, i felt incredibly lucky, and over the course of 22 years, i was able to be part of carrier aviation for the navy, made a bunch of deployments -- six, actually -- met incredible people, had incredible responsibilities, and now it's paying off because all those experiences in things i did have applicability to the world around me now. >> six deployments thank you for your service, art. and your next phase of service to our country is through team rubicon. you founded this in the aftermath of haiti, of the earthquake there tell us how much you have grown. it's an amazing story of how many gray shirts huh then and how many you have now. >> i actually wasn't one of the founders, but jake wood, who is
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a former marine sniper founded team rubicon, and in 2010 it was eight people now we have over 160,000 volunteers, of which the majority are military veterans, but we also include civilians, first responders from all walks of life. so the growth has been tremendous, but it's not as big as we want it to be, because frankly, disasters are outpacing the ability to keep up there is more that needs to be done. >> art, tough you have to triage that, but there are people watching who say, i want to help i have no idea what i'm good at. how can people get involved with team rubicon >> i like to say everybody has a role it's our job as an organization to find how people across the country can help their neighbors on their worst day, and you can be working remote or you can be at team rubicon. if you go to at
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teamrubiconusa.org to sign up. >> it's tim. what's been the biggest victory? psychological, emotional, getting in there and helping, the communities you're serving >> i think victory is multipronged every win there's outcomes that happen first is we help peel who really need it. there are communities across the country where devastation overwhelms their ability to respond, and we have volunteers who will travel across the country to help people on their worse day. the second line of victory is for the people who put on a gray shirt or more that matter people who line up across the country the reality is buy volunteering you're paying yourself you're building your own resilience you're kwconnecting with a community, and for military veterans they identify with a community, find a new and reesta re-established community, and
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they get to establish purpose. >> your big operation currently is happening in taylor county, florida, helping the victims in the aftermath of hurricane idalia can you tell us how things going there? >> they continue to recover. the devastation of a hurricane lasts well beyond the news cycle. we have had volunteers there since it made landfall we have people there stabilizing homes, helping them move forward in recovery. if they can do that quickly and we can continue to have that effort it helps each of these communities re-establish the normalcy, allows children to go to schools, businesses to stand back up, and people to go back to safe homes. >> there's been a focus recently in corporate america -- a renewed focus, perhaps of hiring veterans front page of "the wall street journal" saying corporate america wants to hire drill
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sargents i'm wondering if you're seeing that, if people are seeing and appreciating the skills, discipline, everything you learn in the military? >> i hope they do. frankly i think if you wear the uniform of our nation, you graduated from a unique college. you just had courses in discipline in taking care of people and leadership and decision-making. and all of those -- all of that is really valuable in any environment in uniform and out of uniform, and i think i was really excited to see that article, because i think that recognition now is beginning to take away that stereotype that a veteran is someone who's injured in war and has these stars -- the reality is they bring incredible gifts from their experience and training. >> art, pleasure to speak with you. thank you. thank you for your service thank you for what you're doing now. up next, final trades. in the u.s. we see millions of cyber threats each year.
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♪ upbeat music ♪ ♪ upbeat music ♪ ♪ upbeat music ♪ ♪ upbeat music ♪ ♪ upbeat music ♪ time for the final trade tim? >> the first mega cap tech stock cisco reports next week. stay long into that number. >> karen >> huge red, but i'm on nvidia
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upside calls. >> bonawyn >> tech stocks, microsoft. >> guy >> we all know vets. send them a text thanking them gds, mells. >> thank you to the vets for i am jim cramer . welcome to mad money. so call me at 10 1-800-743-cnbc or message me at @jimcramer .

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