your podcasts. i would also note that retail base, people showed up apparently in buses to the launch early thursday morning, retail investors. quite an hour, including intel. we'll be talking more about that in just a minute we've got retail sells and the meeting kicks off as well. that does it for "overtime." >> "fast money" starts now. rlive from the nasdaq marketsite, a record-breaking day, the dow soaring to new heights as the fed gets set whether to go big with its first move on interest rates. could a 50 basis point really happen or is this just a wall street fantasy? plus, intel landing a big new customer, amazon, and the two companies will co-invest in a new chip for ai computing. all the details coming up.

travel slowdown fears. i'm coming live from studio b from the nasdaq. we're going to get to the record market close in just a minute. first, we start off with intel. the stock is jumping almost 8% after announcing an expanded partnership with amazon web services saying it would create a separate entity for its foundry business that would allow it to raise outside funding on top of a 6% gain during the regular session after the company solidified a $3.5 billion deal with the pentagon. >> this is a big announcement today. amazon has been a partner of intel for many years, but we've just taken it to a whole new level. obviously, the foundry agreement for the ai networking is a big deal. and amazon is a discerning customer. they sent us through our paces to prove we're up to snuff, and

it's up to snuff. >> jon joins us with more on the story. what exactly does this mean? whatis the outline of the partnership? >> there are a lot of different pieces, new stage throughout the day. but on this partnership specifically, intel and aws already had a relationship. it is more based on existing processes. so manufacturing processes that intel is already comfortable with. part of what's significant here is that intel is talking about 18a, its most advanced manufacturing process. they've been talking about how here going to do five in more than four years and there's a lot of investor skepticism that intel is going to be able to cleanly do that. we clearly saw that in recent days with headlines about broadcom perhaps not being happy with 18a. intel put out a statement and broadcom put out a statement saying they're still pursuing 18a.

for aws, a huge customer as a hyper scaler, to be working with intel, perhaps has some investors reconsidering the viability. that's on the revenue side. on the cost side, you had the announcements here about stopping down some of the european expansion in manufacturing, pausing that for a bit. and then on the structure side, for those who are concerned about maybe they should spin off manufacturing, gelsinger is saying we're not going to do that, but we're going to shift the governance of it so that it's more of its own separate thing. and, of course, investors will read what they like into that. >> in terms of 18a, and you mentioned on the revenue side, do we know that revenues come in thanks to this aws partnership, or could it be they're working with intel and it's sort of on an as-we-go basis, depends on what you deliver? >> 18a is not shipping, it's a product that customers have their hands and they're placing

in data centers. it's a multi-year, multi-billion dollar deal, but of course they still have to actually deliver those chips in volume to aws. but aws would not -- matt garman would not be making this deal if he hasn't seen anything that makes him think that is likely. so it's not a total all clear, they have these chips, they're operating, shipping them right now. but it is some sense that intel's progress on this is enough for one of the biggest customers in the world to say, yeah, let's do this. >> all right, and then on the foundry side of it, outside investors can now come in because it's a separate entity. doesn't that change sort of the financials for that business considerably if that happens? >> well, there have already been these deals that intel has been cutting on the manufacturing side, where there's been outside money coming in in the sense that they will get some of the revenue profit out of the manufacturing business as they stand up these new facilities,

that kind of smart manufacturing strategy, as intel calls it, has already been in place. this will make it easier to do with the foundry business specifically, but it's not clear who is going to line up to do that. there's been a lot of talk in the analyst community about how long can intel invest this amount of money into foundry while still kind of struggling on its own design product side as the nvidia bonanza has expanded. and this perhaps puts a different wrinkle in there, without entirely spinning off the foundry business, intel could take in more capital and build up this resource that the u.s. government wants to have access to, domestic manufacturing, and we know there's other names if this works out as gelsinger has said, including the likes of aws, eq qualcomm that would like to have the options. >> jon, thanks for joining us. jon fortt from the "overtime."

how do you feel about intel now? much better? >> i think the 18a kind of validation or dynamics i think is important, because even before today's announcement there was sense that longer tailwinds could be in 18a and there's a serious technology gap, innovation gap certainly as it relates in the ai space. as you get into server and foundry, this is a case where i think they can regain their competitive edge and start to compliment that with, again, a product line, server or sierra that's coming out. i think it's an important moment for the company, it's also a moment where just two weeks ago we were hearing about massive cost cutting. we were worried about the dynamics. they have done very interesting things and i go back to the $11 billion deal they did with apolo to sell 49% of their ireland factory. some of that is actually the

kind of stuff they've been doing, the $3.5 billion that comes from the government. the u.s. wants them to succeed and the argument has been that this is kind of semiconductor usa and that was the reason to buy the company. it's not a reason to buy the company, but this is good news. >> number one, i dig the glasses. the stock is down 15% and they said some other catastrophic things. so this, i guess, is interesting. i'm with tim, it's not a reason that there's going to be a trajectory change, but it's a reason enough to get a rally and maybe get to 25, which was a prior low a month and a half or so ago. with all of that said, 15,000, they're blowing up, halfway there, trying to save $10 billion. they're pairing down two-thirds of their real estate. that sounds like cutting our way to prosperity and putting all their eggs in the basket, which may work. the pentagon news, great day news-wise, does it move the needle? i'm not sure it does.

>> 2012, 2010, that's the levels that the stock is trading at technically. the question is, we were probably -- and i don't know, was the ceo's job in question in the last month or two? >> i would say so, yeah. >> still being questioned. >> so the question is, is this enough to sort of take the focus off of him and move forward? and the answer is probably not yet. >> to tim's point, there has to be a lot of execution between here and the actual execution of 18a and delivering chips to an amazon or other customers. >> right, and that hasn't been their strong suit, executing and delivering. >> especially when they're cutting costs. >> i mean, the shortage is actually much smaller than i thought, so i was originally thinking any big pop on this would be short covering, but i don't think it is. i don't know, tim, if you would

think that this is things going from terrible to just bad or not really reading that through? >> i don't think things -- i want to say that things never got to terrible in the context of buying a stock because things went from terrible to bad. but there's no question things have been close to terrible. and i think this news is the kind of news that actually is the news where the stock -- if this is real, this is where there's an improving story or good story. not a great story, but a case where someone like amazon, who will hold them to a standard in terms of technology and execution and the delivery of the ramp on this, that's the good news. >> let's get to apple now. shares tumbling almost 3% after reports that demand for its latest iphone 16 may not live up to expectations. the analysts saying the first weekend sales look to be 13% below last year's iphone 15. the new iphones became available for presale last friday and will

be in stores this week, but the highly anticipated ai features will not launch until next month. does this suggest a refresh cycle isn't enough to drive demand? is the super cycle not going to materialize? is it too early? >> not this quarter. as gene will say, this is a long-time story and this is the beginning of that super cycle. but we thought collectively, the market has probably gotten ahead of themselves in terms of what it means for the quarter. and i think this story bears that out. i think the august 5th low was like $205. that makes a lot of sense. but i'll go back to sort of the june 10th level, i think -- whatever that day is, when everyone gets excited and waits online. the stock went from $193 up to $230 over the next couple of weeks. $193 inevitably makes the most sense to me. >> to me, the question remains the same. will the ai functionality, will

the services, part of the story, be really sort of catapulted forward by ai? they did a very good job of lowering expectations of when that would happen. they were incredibly vague on some of them and several were a few months down the road. so they really set up for a very, very modest open, launch. and so, to me, this doesn't -- that it was a modest launch gives me no information about what this will be. >> right. because there's no measure of the uptake of its ai. it's just the plain old iphone. >> i'm not quite sure about the idea of, let's launch it before we have any -- before we have what is going to accelerate the story down the road. >> you don't even have the ios, really. you need the 18 ios to see whether the functionality of some of the existing hardware, a chance for people to go into stores and try it out on the new hardware. but there's no question that

this release was so different than other phone releases because it was all about hardware, not about the software. and so this doesn't bother me at all. i do think there's going to be a massive refresh. i think that apple -- if i look at chatgpt and the people that are falling over themselves to partner with apple, i think apple is in the driver's seat to deliver to the consumer and i think they will. >> i think it's a question, is it delayed or denied? i think it is delayed. i think, to your point, they should have had much more ai stuff embedded in it. but i think once people start to feel around with the hardware, they will buy the phone. i haven't ordered mine, but i will upgrade. shares of oracle hitting a new all-time high. the cloud company upgraded to a buy. they see a run rate of nearly

$8.50 within two years and it's hard not to put a 25 time multiple on the company, a 24% upside from today's close. he was very, very, very bullish, larry ellison, on ai spending over the next years. >> $8.502 years from now, that's off what the street is looking for, $7.15. that is deserved of that kind of multiple. and you start the back of the envelope math, and it suggests maybe not $250, but definitely $200s. look at the stock over the last few weeks or month or so. it's got to take a breather. you've got to look for an entry point. i love the story. we've talked about it for a while, but i think it's gotten ahead of itself. >> the short term. >> i agree, larry ellison was wildly bullish on the conference call and i guess it was dinner with elon and larry ellison.

that's funny that jensen is the poorest guy in the room. that probably doesn't happen often. i think wildly bullish -- >> happens to me all the time. >> there's some hardware in there with the different multiple, so obviously the top line looks great. however, it feels dell-ish and dell delivered a good quarter. the trade up to almost $180. i don't know where it is today. but it feels like that, just like you're saying. straight up. this is a massive move in a short amount of time. >> hype galore. and i'm not saying it's not justified, i'm saying $104 billion is aggressive and it's aggressive for a company that at times has come up short. now, they seem to be in a place where they're delivering 15-ish in terms of earnings over the

next -- excuse me, in terms of revenues over the next four or five years. if that's the case, the 25 multiple that the street and some are certainly going to go higher is warranted. it's an extraordinary move after a 10% gap on earnings to put another 10% slowly until today's big move. >> this feels like growth at a reasonable price. when you have a move to go from $140 to $170, i do think you're going to be able to get it cheaper. but i think the multiple is very soft on an investor that ultimately goes higher from here but backs up a little bit. >> the multiple is soft on -- >> meaning -- so if you look at this chart and nvidia's charts, the inverse of each other, that was in the spotlight. this one is probably just right for a growth stock. >> coming up, 25 or 50, the question on everyone's mind. what you can expect out of the fed rate decision wednesday and how stocks will react.

cruise lines making waves, in the green adding to the recent run. can they keep it up or has this trade set sail? we'll debate that when "fast money" returns. this the "fast money," with melia e,ig he ssle rhteron cnbc. one thing we know is true: no matter race, gender, ethnicity... the need to screen when due... for colon cancer's a priority. indeed! everyone 45+ at average risk should screen for colon cancer.

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welcome back to "fast money." the dow gaining nearly 230 points to close at a new record. the s&p notching its sixth straight day of gains. the nasdaq fell half a percent. 93 stocks hitting 52-week highs, including all-time highs in plays like d.r. holden, lennar and markets are pricing in a more than 60% likelihood of a 50 basis point rate cut. let's bring in a portfolio strategist. jack, dwgreat to see you. >> thanks for having me. >> which camp are you in? 25 or 50? >> we're in the crowded camp, the 50 camp. >> so if there was a concern initially that a 50 basis point would send a bad signal to the markets that the economy is

worse than expected, you don't think that's the case anymore. it's now accepted and it would be fine? >> i think that's an overblown concern, because when you take a look at it, some of the peripheral data, retail sales, look at credit card spending coming from the banks, whether it's bank of america or jpmorgan, looking at layoffs, they're just not happening. all of this i think points to the fact that we're cutting rates simply because inflation is down, not because we're about to basically roll into a recession. >> j.j., it's tim. thanks for joining us. i guess the bottom line is, if we've got 242 basis points of fed fund cuts to the end of next year, if the fed does that, isn't that bad for the economy and are equities mis-priced or bonds? and i mean treasurys. >> 100% agreed. i think our base case is along the lines of what we saw in 1994, the mid-cycle adjust, and any sort of mid-cycle adjustment would lead us to certainly some rate cuts. if you're looking at something

like 200 basis points plus, you're not figuring in a price landing. that would be a little more trouble than we're thinking about. >> we try not to play politics here, but this will be politicized if they go 50. i saw richard fisher on "squawk box" last week, one of the reasons he didn't think they would go is because of exactly that. one side is going to say, you're trying to help the other side. is there any semblance -- is there any truth to that idea or do they even think about that? >> the fed is always going to be the punching bag, whether it be for the economy or elections. they're always going to get the short end of the stick. from the rate cutting perspective, if you wanted to influence the elections, you should have been cutting by the beginning of the year, you want to see the economy start to re reaccelerate. the fed is a target for any of

this. >> we ran through the sectors that were acting well in anticipation of whatever size rate cut there is in store on wednesday, and that may look like a good reading of the economy. you also have what one of our traders called the face of fear, you focus on the record highs seen in gold and utilities. how do you read the market message right now? >> i still think we're getting into what's called the growth scare. when you see some of the defensive names starting to do a little bit better recently, some of the economic data more on the soft side, yeah, it makes sense to maybe price in a little of the concern. you would really call that more of a slowdown, not slowing, maybe a soft patch more than a potential for recession. i think as we start to continue to move past the uncertainty with elections, uncertainty with regard to rate cuts, you're going to see i think, if anything, we would be looking at this as a soft patch and maybe an opportunity to actually put risk back on once we get past the election drama.

>> it's karen, thanks for being on. i can't pronounce your last name. but j.j., i'm sure you get that a lot -- >> that works. >> so i am a relatively new remember of the 50 basis point cut camp. i wonder, though, how much do you think is sort of priced in the market already, and how much does powell care about what's in the market already? >> well, i think the market, like we had talked earlier, it's a little better than a coin toss. i think we're going to get the messaging that's going to be very important. what does powell say on the press conference, what do the dot plots look like. if you think of something along the lines of 25 and the s&p is showing 100 basis points worth of cuts, you're going to have a lot of questions. you're only doing 25, why aren't you doing 50? there's going to be language and communication that's going to have to thread the needle. hopefully powell can navigate

that. he's done a pretty good job recently. but this is going to be tricky. >> jack, thanks for joining us. appreciate it. thanks for rolling with the punches on the j.j. and all of that. maybe dr. j next time. thanks, jack. does it matter? wringing your hands over 25 or 50, nobody has an edge. >> it just matters if they cut. >> but they are going to. we know that. >> everything powell has done thus far, i don't think they could do 50 basis points. they'll do 25, they could always do 50 in november, they could always do 50 in december. >> why can't they do 50? >> because then it would admit how late they are. on average you usually cut -- >> we don't want to fix it? >> the fed normally cuts historically eight months after the last hike. so that would have brought it, to jack's point, in march they should have started cutting.

they've waited this long, it might be seen as a little panicky to go 50 first. >> i agree with steve here. i just think that the optics after last week's cpi -- and, again, it was hardly hot, but the optics are not easy for a data-dependent fed to go 50. and i think back to the market, and not just what fed funds have done. rates have priced in recession, commodities and equities and credit have not. but look at what made all-time highs, dow jones, the outperformance of the dow jones to the nasdaq going back to june is 9%. for the boring stodgy dow. you talked about 92 s&p constituents going to all-time highs. what do you think is happening? the real economy is rallying on the expectation that the fed moves, and it's not just rate sensitive stocks. it's a lot of other parts of the economy. and i think that's really what the fed is all about. >> just one thing i want to add, it doesn't matter, 25, 50, i

don't think it matters. but i think the talk about them pricing in so many cuts is the problem. last year they priced in six or seven that never happened and the market did just fine. so i don't think it matters. >> there's a lot more "fast money." here is what's coming up next. smooth sailing for cruise lines as the group adds to a winning month. so, can these names make waves in your portfolio, or is this trade already lost on the horizon? plus, the fallout from boeing's factory worker strike. how the company is looking to conserve cash, and the aerospace stocks surging amid the planemaker's headwinds. you're watching "fast money." you're watching "fast money." 'rba rhtftwee ckig aer this.ime. american anncr: that's twenty-one missed cuts in a row. (car trunk slammed shut) for eighty-nine years, morgan stanley has offered clients determination and forward thinking

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is personalized service. made possible by t-mobile for business. with t-mobile's reliable 5g business internet. employees get the information they need instantly. this is how business goes further with t-mobile for business. welcome back to "fast money." cruise lines topping the tape today, carnival, norwegian higher and adding to a month of smooth sailing for the group. norwegian, up 23%, royal caribbean up 8%. viking unable to keep pace, virtually flat today, down 7% in the last month.

why are cruise lines so hot? >> i think it's a combination of, first of all, they were very cold. we had a period where travel stocks were under pressure. we've had data points coming out of the second quarter numbers which i think show, norwegian cruise to me is a much better story because of the balance sheet and what this he d-- they didn't have to do during covid. >> you know the price and then you're done. >> you don't have to pay for drinks. >> you pay for drinks and wi-fi. or premium restaurants. you have a room, food. >> when is your next cruise? >> if the consumer is, to your point, if the consumer is strapped, i think that's the -- i have been on a lot of cruises, which is counterintuitive with me being a germaphobe. i am long viking holdings and that was a supply issue when it

came public that the stock was torqued to rise. i believe it's outperformed the entire group. to tim's point, i think norwegian has a lot to catch up and that's why the stock has outperformed in the last month. >> tell us about your last cruise. >> apparently -- the next cruise i go on will be the first, number one. i get seasick watching "dangerous catch" and they have moors. >> would it make you feel better if there was a possibility of a dead corpse next to you? >> you do it like the navy, you wrap them in a flag and dump them overboard. >> this is not a laughing matter. >> i'm not laughing. goldman sachs had the stock under buy list for a long time. they recently took it off, which suggests the parabolic move. look up rcl. it's due for a bit of a breather. coming up, the latest cost-cutting efforts out of

boeing as more than 30,000 factory workers go on strike. the company is looking to conserve cash. could the woes be benefiting another aerospace company. another aerospace company. "fast money" returns in two. tax smart investing today, helps to build a stronger tomorrow. at pgim custom harvest, our unique direct indexing approach seeks to help investors achieve better after-tax outcomes. pgim investments. shaping tomorrow, today

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welcome back to "fast money." boeing shares sinking to lows not seen in nearly two years despite citi reiterating the stock is a buy. the analyst acknowledging labor issues and saying the current labor negotiations is likely to be one of the final milestones to work through before it becomes more constructive for the company. the analyst said it is always darkest before the dawn. today the plane manufacturer announced sweeping cost cuts and a hiring freeze. phil lebeau is here with the latest. >> this is not a surprise, brian west said on friday that the company was immediately moving to take steps to conserve cash. here are the steps the company

is putting in place immediately. and these are just four of them. there's a number of other ones. a hiring freeze, raises on hold, nonessential travel is going to stop. they're also going to halt parts orders for the 737, 67 and 777 as long as production is not taking place. no sense in ordering those parts. in terms of where the company is at, it's also considering furloughs. the important point is considering. they are not announcing temporary furloughs at this point. the real focus is how long will it take to get production going again, and to resume deliveries, because at this pace right now, depending on how long this goes, they may not be able to meet where they were in 2021 in terms of aircraft deliveries. if it's only a short strike, maybe a week, week and a half, they probably will top 340, but that's the focus. they've got to get deliveries started. their liquidity, $12.6 billion as of the end of the second

quarter, $10 billion is widely believed to be the threshold where they don't want to drop below that because that's when they might consider some type of a capital raise. they are currently sitting on at the end of the second quarter just under $58 billion. take a look at some of the suppliers. i'm talking about ge aerospace, transdigm, woodward. you notice ge and transdigm are at 5 had 26 week highs. people are said why are they high given the fact that production has halted at boeing. ge aerospace makes the bulk of its money years after they deliver an aircraft engine. it's not when an aircraft is built and goes out the door. it's 5, 10, 15 years later. that's the beauty of the business when it comes to aircraft engines, and one they are efficient at. transdigm is an aftermarket

play. just one example where this strike, yes, it's going to have a huge impact the longer it goes. but for ge and transdigm in particular, they are at 52-week highs. >> maintenance is where it's at in this industry. we have sort of looming potential credit rating downgrades over the stock if it gets from two different firms, and that will mean that it is junk rated and it would increase the borrowing costs. is there any read on how much -- how dramatically different the picture will be in terms of cash flow and how quickly the floor of liquidity will be reached? >> i think the floor is going to be reached relatively quickly because your cash flow is being cut off. does that mean it's a week, week and a half? i'm not sure. but i wouldn't be surprised if the rating agencies -- let's say this stretches into four weeks, i think at that point the ratings agencies, there's a strong chance they may look at this and say this is the

extended strike we were worried about. >> phil, thank you. phil lebeau on the boeing strike. ubs had a note and said if the strike lasts through year end, that would be an $8 billion hit to free cash flow. >> and, again, this is a company that comes into this mini crisis, where free cash flow was going to break even. we were hoping the second half of the year was going to start to see it. it wasn't expected until the second half of '25 that you were going to get the free cash flow. i used to call it a free cash flow machine, but it's certainly not that anymore. >> we've talked about it many times on the desk that if it were not a duopoly, the stock would probably be half of what it is currently. can you have a kitchen sink event when you don't have an end of labor issues or production costs? no, right? so when do you step in and buy the stock when you don't know when the end is coming. you have to look at the chart.

and i don't see anything in the chart that tells me, let's get ahead of or catch it still. >> for more on boeing's struggles, as well as the potential beneficiaries, let's bring in jeffries, who has a $270 price target on the stock. sheila, we brought you on to talk about one stock in particular, which you recently assumed coverage of, fta aviation. but i wanted to ask first your take on boeing and why you're standing by boeing at this point? >> it's been a long, dark night for them. and there's no kitchen sink. we have this issue, we're assuming about $1.3 billion of cash flow usage every month, although i don't think it will last year end. i know phil is talking to those folks. i think at six weeks they break even on a 40% wage increase. it's somewhere between now and the next six weeks. you hit a cash conservation point because you are hemorrhaging cash and you're

using $3 billion in cash to start with. so the rating agencies put it on a watch. but hopefully it gets revolved quickly. in the meantime, the aftermarket memes are benefiting. every 100 planes that boeing misses, it's about 5% top line upside to these aftermarket names. >> every 100 planes that boeing misses, what does that mean? >> in the global fleet of 25,000 aircraft, we assume boeing and airbus essentially delivering 1,500 aircraft per year. they've cut our estimates several times, about 200 aircraft out of beau k. that's added 10% upside. the names that are benefiting most are general electric, we saw the chart, clearly benefiting. transdigm, two other names that have exposure to the aftermarket are names we just launched coverage on. the best part is it only has 9%

share in the engine mark. and so we assume that every one point of share is 10 bucks of upside to the stock that's sitting at about $120 right now and the upside doesn't em bed that. they're powering about 55% of the global fleet. >> i was sort of reading through the transcript that you did with the chairman and ceo, and you mentioned sort of a flat fee, maintenance reserve, and so the sales pitch would be, outsource your maintenance to us, it's going to cost you this much money, that's your base line, and any engine that needs to be repaired, we'll just simply swap it out, you won't lose any time. >> think of an engine as m modular, it's three pieces. essentially they could fix the engine within 30 days, instead of a long-term service agreement

that may take up to 180 days. so when airlines have profit margins of 3% to 10%, you want to have quick turnarounds. they say i'm going to cut the market share into different slices, and i think my addressable market is only about a quarter of that. because it's targeting airlines off long-term agreements, that means airlines their engines are more than ten years old and it's saying, i know i'm probably not going to win business with delta because it does its own business, but i could go after airlines. so we assume they go from 4% share today to 9% by 2026, and then every one point of share is essentially $10 to the stock's price because it's doing it faster and cheaper. >> real quick, you initiated ftai, $120 price target. they were trading $90. this is a parabolic move in a

short period of time. does it concern you at all or is this justgoing to continue? >> the best part of it is, it's all revisions, multiple zero upside. that is yet to come. i know it's an expensive stock, but we've seen these move up. the estimate revision is in the right direction, 45% in the last three months. >> sheila, thanks for coming on. appreciate it. that chart looks better than an nvidia chart. >> it's a six bagger, not a three-bagger. it's a six bagger. and it's interesting, because sheila is on both sides. she's got a high growth story which she's nailed, she's reiterated boeing on friday. i will say a lot of these comments on the boeing side could be negotiations. why wouldn't you say we're going to start cutting costs and furloughing people? that's the message they have to send, things are tight, we can't give it away. coming up, amazon laying down the law.

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welcome back to "fast money." amazon's ceo announcing in a lengthy memo that the company's corporate staffers must come in office five days a week until the start of next year. until now, employees were required to work three days in person. he also said they would simplify the corporate structure. it's not clear in the memo if this means layoffs or not. i mean, it's kind of striking, this many years out of the pandemic, that there are still companies that haven't gone back

to -- >> some are never going back. that's part of the hiring. we all have kids around the table and i think people that are interviewing are looking for that now. this next generation, it's been something that they've gotten and they're not giving it back. and quite frankly, it's been -- you're smiling, quite frankly, it's something where we have to be tied to this desk, but if you don't have to be tied to this desk, it's nice to work remote if you can get it. >> isn't this a function of a job market that's been the tightest job market in history? so they had to do that. you get to a place where jobs become more scares, the tables are going to turn in a big way. and this is probably a sign about that next payroll number. >> i also think for young people going into business, you've got to go in. you think you've won something, you haven't. i absolutely haven't. >> get your you-know-what in the office. >> i'm with tim.

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time for the final trade. timothy? >> this was a fun show. i'm glad we got into the burrito story. diageo have been putting in a base. i think the spirits industry is going to rebound a bit. >> karen? >> i know i'm going to be the subject of derision shortly. health care has had a nice run, but i think it will continue the two xs. >> makes more sense. >> xlv. >> adobe ran up and got

shellacked. it's probably $20 lower, around $500. >> "fast money" fans ava and matthew are watching and eating chipotle as we speak about chipotle, because they texted me and said it. gdx. >> all right, thank you for watching. see you test. my mission is simple. to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere. and i promise to help you find it. "mad money" starts now. hey, i'm cramer. welcome to "mad money." welcome to cramerica. coming to you from san francisco. i'm just trying to make you some money. my job is not just to entertain, but to educate, teach you. so call me, tweet me. how did we get