historically, and that's why they're looking for change. >> all right, diana oleec, thank you. really interesting. of course major averages having an up day as we've seen in the last five presidential elections with all the major averages up more than 1%. exit poll data starts to come out now. that's going to do it for us here on overtime. but fast money begins right now. live from the nasdaq market site in the heart of times square here's what's on tap tonight. marks rally on election day as we start to get early reads from the polls but where we do go in the days and weeks to come? we sit down with cathie wood and super microin focus, the semi company posting its first since its lead auditor quit,

plus pallentier. trades on all those moves are coming up. i'm courtney reagan in for melissa lee coming to you live from studio b. and we start with some solid market gains this election day. all three indexes up a% or more. the s&p and nazdic less than 2% from record highs. every sector in the s&p up today with consumer discretionary and the industrials leading the games and mag seven names also higher today. nvidia overtaking apple to become the biggest publicly traded company for the first time since mid-june. so is today's action in the market, are we breathing a sigh of relief that we will soon be able to put this election uncertainty behind us? tim, what do you think? what is the market telling us? how are you feeling, the people we're talking to? where are we right now?

>> the vix tells you a story still trading at 20. i think the market has some sense there could be a continuity here that maybe is unexpected, so i'm not sure what the outcome is going to be. remember, folks, we don't predict that stuff here. i just think we're going to get back to an earnings season where we had pretty solid numbers out of mega-cap tech companies where we also heard sectors like industrials, sectors like bank, industrials outperform. i think the setup this is the best month of the year foristics. the backdrop when you had ism services we all know the biggest part of the economy that's the highest in two years came out today. the labor market looks fine. the fed is going to go and probably cut 25 basis points. the market without elections should be going higher, even though we're up almost 14% off that intraday low when we all thought the world was crumbling. what we've all learned since then, one, the job market is not

crumbling and the fed is your friend. that's where i choose to opine because i think no matter what happens to the polls between now and what we actually know, i think markets will get back to the reality of where we are with this economy right now, and i think it's a pretty good backdrop for stocks. >> that a pretty good point. whoever inherits the white house does take over a good economy. market broadly performing pretty well. i mean does it matter who wins the white house for markets? >> i think it matters if there's a sweep. >> okay. >> then i think we would see a mandate for one side or the other and that could lead to different markets. who knows how it's going to come out, and the likelihood of the sweep, i don't think that's the most likely. even if it's not just a sweep, extremely close to get anything done. and i think for the markets that may be a very good scenario. >> sort of the markets almost want to have the split congress. >> yeah, i mean, again, i think

there's probably two likely outcomes, one harris wins and you have a split government and another you have a republican sweep. if trump wins then they take the senate and keep the house. i think that's contrary to what some of the things people are saying, why the market rallied the way it did. we heard trump trade, trump trade, all that stuff for a really long time. i don't think there's any evidence that the stock market trades better than it does under a republican president than it does a democratic president. and i could go back over the last 25 years some of the worst market periods were under republican presidents. and so at the end of the day i think today's rally speaks to more what tim is talking about, the economy, we have a 2.8% gdp. we have unemployment at 4.1%, still at 50-year lows, right? and we have inflation that is down from 9% to below 3%. now, i'm not saying that's theosiest picture. it could be late cycle sort of action, but i think q3 earnings told us to tim's point also that

things are okay right now. and there are still high expectations for 2025. i think year over year earnings growth at like 13, 14%. now, a lot of us coming into this year didn't think we were going to hit that 11% bogey year over year growth. i think the market goes up no matter who wins. >> avs saying markets are attractive regardless of the result. >> a lot has changed a lot since you were here in may. everyone is saying sort of similar stuff. if you look what we've done over the last four or five trading sessions, we basically got back today and friday what we lost wednesday and thursday, and that's sort of been the pattern. one or two big day sell-offs and the markets recover in the ensuing week. the only difference is to tim's point we have a vix that sits still inside of 20. may be election concerns, people hedging against that or into

that. with that said, all the same things are working. the banks continue to trade pretty well, all seemingly this renewed sense of the economy and the economy is doing better than people think. those trades continue to build, and quite frankly precious metals continue to work as well. which is somewhat -- i don't know doesn't make a lot of sense but has been the theme for quite some time. >> it's funny in this report they talk about how gold remains the valuable hedge to where we are. >> what's the reason i can't invest in gold, i can't find it. precious metals are certainly your friend when there's political chaos. they are your friend when there's some type of deflationary force-out there. if you look for the period where gold actually underperformed during the last three years, it was during that period and it was underperforming. in a relative basis it was outperforming, but in relative terms it wasn't going. i think we like precious metals

here. we've noted silver has outperformed the last few weeks. it probably will continue to. but gold is a function of lung-term trend, which is say what you want it's not even about the fall of the u.s. empire. it's a case where banks have been diversifying the last 25 years. the other part of the dynamic is there is a deficit, there is a fear out there that there's fiscal just lack of restraint out there, whatever party in power. by the way, look around the world and you can probably see a lot of the same thing. that's why gold works. that's why i would not run too far from that trade. >> you're writing down something over there, karen. >> i don't own gold. i always joke everything is good for gold. i've had it for bitcoin and i've had it for a long, long time. really does not become useful for your transactions but for the fear of fiat currencies

which we're in a situation where fiat currencies could be devalued i think it's there. as those dismantled, it's done much better, but that's sort of my fiat currency hinge. >> fair enough. we've got an earnings alert here i think on trump media. shares down after hours. julia boorstin has those details for us if she's ready. julia, might not be there. >> yes, i'm here, courtney. shares are down now about 1% this after the company reported its quarterly results. of course reporting on election day here the company reporting $1 million in revenue for the third quarter in addition to $4.7 million in interest income. the company also reporting net operating loss of $23.7 million and a net loss of $19.2 million. the company stating in the release that it, quote, continues to explore additional

possibilities for growth such as potential mergers and acquisitions from companies that would benefit from trump media and technology and branding including in the realm of fin tech. shares now down 2%. courtney, back to you. >> for now let's bring in political advisories peter. really appreciate you being with us on a very, very active day for markets, of course, as well as for the world and our political landscape. what do you think investors should be positioned right now as we sit where we have no idea what the outcome will be. will it be a sweep, one candidate or the other in the white house? what are you advising? >> well, policy wise if there's a plit congress the fed meeting on thursday is going to be more relevant to who's the next president. >> even though we're pretty sure they're cutting rates -- >> ques, but i think the bond market has been the most interesting thing to to watch since the fed last met in september, when the ten-year is up 70 basis points since they

met. now, if you are a responsible central banker you have to ask yourself, okay -- >> hold on a second is there a -- >> it's an oxy moran, i agree. spreads are tight and jobs data is very confusing. i think you've got to look in the mirror and say do we really need to cut, and if i do cut, maybe i pull back expectations for december. so i think we really need to see this bond market action here and getting back to who's going to win, regardless who wins debts and deficits in the u.s. are going to continue to go higher. spending at 23% of gdp is not going to stop. and whether we raise taxes, lower taxes, whatever, it usually hovers around 17% of gdp. so i think the bond market has sort of taken control in a sense of the narrative, and i think we

need to pay attention to that. >> okay. but regardless of who wins, i mean they don't control the fed, right? the fed is independent, so why does that message change, back to your earlier point? >> well, i think from an investing standpoint, you know, we're obviously focused on who's going to win, but i think where interest rates go, where earnings going is going to matter much more. in terms of policy whoever win, the most important thing is what happens to the trump tax cuts next year? outside of that, i can't think of anything that is as important. yes, the tariffs matter but both sides like tariffs. i'm not a fan of them but they're there. again, legislatively it's what happens to those expiring tax cuts. >> peter, in the notes it says the equity markets will care about yields but not until 6%. which makes me believe you think there's a remote chance it goes to 6%. how will we get there? >> it'll be washington, d.c.

that makes it get there. everyone is talking about deficits and that 6% is where i throw out you can be sure on the floor of the senate or the house people are going to say, oh, boy, we need to start paying attention to this. because that's sort of the crisis level. whether it gets there, i'm not sure. i do think they'll retest 5%, which is the high of last year. and this 430 level it's the 50% retracement of that 5% on the up side, the 360 we saw a few weeks ago. so this 430 really matters. >> peter, thank you very much for being with us. peter bookvar cnbc contributor we should add. what do cyou make of the rate picture where we are right now? >> i think they should pause. i think either pause with maybe the dovish rhetoric or -- >> because of ism numbers, because of -- >> yeah, both ways. inflation is sort of doing okay,

right? so i don't know i guess i feel like they have cover to do that, if they want. we had loretta on the other night and she seemed pretty confident. who knows? 25 base points is the right path, i don't know i don't think it's really necessary. and what's the bond market telling us it's moved so much since that 50 basis point cut and the economy is doing great. >> you mentioned this, again, the fed is supposed to be apolitical. candidate trump has mentioned over the last few months the president should have a say in monetary policy, and you just made a joke about whatever it was about central bankers. could you imagine what would happen if it did become a political entity or an arm -- >> yeah, we would. and -- i mean, maybe. we've got chickens, we've got turkeys. at the end of the day i just think that's one of the other fears we would have. you're talking about fears of devaluing fiat currencies. i just can't imagine that turns

us into a banana republic at least. >> in terms of the tlt, if we can put up a tlt chart, there was one point today where the tlt was falling out of the bed, it reversed ish and i think they closed 428 off about 435 high. that's interesting, it sort of dove tails something katie stockton said on the show a week and a half or so ago, she thought it was a place for interest rates to pause and head lower in the short-term. and peter just talked about the technical setup for that as well. it makes a little sense. i'm still one of these people who think and agree with peter we're headed to 5%, maybe by the end of the year and i'm not sure how the equity market is going to react. coming up after hours action and super shares of microswise falling. and what has investors piling into this software high flier? coming up right after this. stick with us. tamra, izzy and emma... they respond to emails with phone-calls...

and they don't "circle back" they're already there. they wear business sneakers and pad their keyboards with something that makes their clickety- clacking... clickety-clackier. but no one loves logistics as much as they do. you need tamra, izzy and emma. they need a retirement plan. work with principal so we can help you with a retirement and benefits plan that's right for your team. let our expertise round out yours. ah, these bills are crazy. she

has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. it's our son, he is always up in our business. it's the verizon 5g home internet i got us. oh... he used to be a competitive gamer but with the higher lag, he can't keep up with his squad. so now we're his “squad”. what are kevin's plans for the fall? he's going to college. out of state, yeah. -yeah in the fall. change of plans, i've decided to stay local. oh excellent! oh that's great! why would i ever leave this? -aw! we will do anything to get him gaming again.

you and kevin need to fix this internet situation. heard my name! i swear to god, kevin! -we told you to wait in the car. everyone in my old squad has xfinity. less lag, better gaming! i'm gonna need to charge you for three people. welcome back to "fast money." we have an earnings alert on

super micro the embattled tech stock done since its auditor quit. seema, what's going on? >> hey, courtney. second quarter earnings -- excuse me, second quarter outlook is a lot lower than wall street had anticipated, a sign that this flurry of accounting concerns are potentially starting to weigh on future sales. now, on the earnings call right now super micro computer ceo charles liang says it's in the process of working with a new auditor and quote with urgency. it follows last week after michael resigned last week citing transparency issues, fueling concerns of a potential delisting from the nasdaq. that deadline is approaching november 16th. super micro did share that a special committees investigation found no evidence of fraud or misconduct and recommended a series of measures to strengthen its internal governance. however, it remains unable to predict when its 10k will be filed.

super micro does face two fierce competitors, del and hp enterprise. industry experts we spoke to say what sets super micro apart is its design, expertise, and price. one customer telling me its a.i. servers are about 40% cheaper than its peers. we are looking at shares of the company down about 13% in after hours. >> seema, thank you very much for following along with that. i can imagine that conference call might have been a little contentious when they're talking about the auditor. how much headline risk is in this stock? >> giant. there's the auditor thing, which is huge. if you read that letter of resignation, that really wasn't delightful at all. at all. so i'm sure they're really trying very hard. >> with urgency. >> with urgency as they need to be. and remember on the sort of horizon is do they get kicked out of the s&p 500. there's that. and there's also they cite the challenges don't impact our ability to service customers.

i find that potentially hard to believe, right? you've got to think your employee base is kind of spooked by this. >> distracted. >> right. and so, i mean, there's just a lot of things going on that aren't great. i don't know -- they should -- i always think companies shouldn't give guidance anyway. but i feel like if you were in this situation even for guidance for a quarter that is closed but not yet -- i'm a little skeptical on the announcement that they don't -- that there's no impact on the financials. i'm a little skeptical about that. i don't know. it could be the case, but i feel like that auditor resignation is so important, so this is one i am long puts just to -- so you know where i stand on it. but i think i wouldn't touch it here. at some point they will cover them because the risk reward has changed, but i don't think this is a down $3 is enough to go, wow, i got to jump in. >> i don't know why they decided they needed to give guidance.

and what's the disconnect between ey and the special auditing committee, the special investigation committee that seemingly found nothing wrong? there's obviously some sort of chasm there. and then you have to deal with the delisting from the nasdaq, which they probably can get themselves out to february of next year in terms of calender, but that's still hanging out there as well. if you poke at a long-term chart of this thing we've talked about it for a while. it feels like it's heading back. >> let's get the latest read on the election as we are starting to get the first exit polling. megan costello has the latest from washington, d.c. megan, what can you tell us right now? >> the first round of exit polls out just now at the top of the hour giving us our very first glimpse of any results in this election and telling us a little bit about how voters were feeling as they left their polling places both today and during early voting. so take a look here. we have the results on three of

the economy-focused questions. on the question first of how voters would gauge the state of the economy, only 5% called it excellent, not really a surprise there given inflation. 28% called it good, and a plurality here, 38% said not so good, while 32%, just about a third there called it poor. on a question of how your family finances compare now versus four years ago 25%, almost a quarter calling it better today, but 45%, almost half saying their family's finances are worse today, while about 30% said it was about the same. and then finally a head to head here on the question of which candidate you trust more to handle the economy, 51% said trump, but 47% said harris. that is an issue on which harris has been focusing most of her campaign. there had been a much larger gap there in polling as to who was the better candidate for the economy there. for harris to be within 4 points that's probably a hopeful sign. of course the trump campaign would say we're leading there.

a couple of caveats on this, this data will continue to update throughout thenith as more come in. we will get later a chance to look at poll results in battleground states specifically, showing us how voters are feeling there in the states that matter the most tonight here, courtney. for now our first glimpse at least how voters are feeling on the economy. back over to you. >> megan, it's tim. thanks for joining us. is there any sense how the exit polls or how the voters are able to reconcile, an employment market, a labor market that's arguably never been stronger with wage gain, with wage growth in an economy that appears to be not well like. >> that's bip the hardest issue. even though all the fundamentals of this economy are been so strong, voters consistently feel they just don't feel it. and the issue for the campaign is how do you message on an economy you can't quite celebrate your wins if nobody

feels they're doing that well? harris has tried to go out and combat it with approaches, saying things she would do, a ban on price gouging, for example, helping down payments for housing. that is going to be the disconnect here. if you see that the economy is strong if you're looking at the data but voters don't feel it, can you make that trickle down to the campaign. >> megan, does the stock market come into consideration. obviously we're sitting at all-time highs. do people feel disenfranchised over part of what's been forget about the last four years, the last eight years effectively? >> they might vaguely know what their 401k is at, but vast majority doesn't own at least not very much in the stock market. so it doesn't seem to come up very much except in consumer sentiment or how the economy is doing. i think it contributes to this overall feeling of how the economy might be doing, but not that much.

even when the stock market is doing well when prices are still high, home loans are still high and expensive, that's what matters more day to day. >> fascinating stuff, megan. obviously we're going to be checking back in with you throughout the hour and throughout the evening as well. dan, i want to turn to you. i thought it was very interesting in megan's numbers there that 45% of americans feel their financial condition is personally worse today than it it was four years ago. what does that tell you as they're saying that walking out of the polls? >> listen, it's been a tough five years. and i know back to 2020 and 2021, think about ppp, the paycheck protection, it kept a lot of these folks afloat. and economy started to pick up because of the monetary and the fiscal. i just think it's kind of curious at at this point that, yes, i know a lot of americans are dealing very difficult time as it relates to the cumulative inflation, but there's also a lot of spending. we would not have had the numbers we did in 2020 and 2021. i think people were justioleoing

it. again, i think it's two sides of the same coin. and at the end of the day, you know, i think the biden administration has really borne the brunt of this despite supporting the economy in the beginning and really getting lambasted. >> it just seemed to me 45% number is about inflation. inflation is pinned on administration over last eight years. it's also pinned on how about the central bank, how about that monetary policy? haven't we talked about for years the rate is pinned at 0 and you can't buy a house -- i mean, i'm not blaming this all on the fed, but let's be clear, since the financial crisis the fed has been the most important factr for inflation. and if people don't think the independent central bank doesn't have their hands on this, they're actually missing the story. >> inflation has become a very, very big deal for people. unfortunately, don't always read between the lines. don't miss the cnbc special election coverage.

we'll have results as they come in and reaction from the biggest names in business all night long. it all starts at 7:00 p.m. eastern from the new york stock exchange right here on cnbc. coverage like you won't find anywhere else. there's a lot more fast money to come. here's what's coming up next. what will elections mean for big tech and the growth trade? we're sitting down with ark invest ceo cathie wood for what's at stake for high fliers. first palantir pumps post earnings. indehesi t monster move that has investors salivating today. you're watching fast money live from the nasdaq market site in times square. we're back right after this.

welcome back to fast money. palantir hitting a record high today. shares surging 25% on an earnings beat and positive guidancech that stock now the second best performer in the s&p this year. palantir passing nvidia and now up 200% year to date. it just only joined the s&p in september. dan, can this one keep on climbing is this our new nvidia of the year? >> no. but obviously it can keep on

climbing. it gained $20 million in market cap today. it's seven times their expected sales this year. it's trading this year 42 times sales, next year 34%. here's the problem, sales are only growing about 23, 24% the next couple of years. that's expectations, so they're going to have to have material changes to the demand picture and for this ting to keep going. listen, when we talk about stocks, even growth stocks trading 41 times earnings, that's expensive especially on a pe to growth, we're looking at, it's growing earnings out for very low basis, so this one doesn't make sense to me. >> karen, too far, too fast? >> yeah, i mean, it was interesting how excited alex was, what a character anyway, right? >> very much so. >> he couldn't sound more bullish. they eviscerated the quarter, we might as well just go home now. what is it unrelenting, was that the word? unrelenting demand.

it's hard to always come back to valuation and this one is hard there. >> do i take some profits here, probably not, but i recognize it for what it is. it is absolutely an a.i. proxy. it's an a.i. proxy in the current. it's also counting governments gone wild and seem to have the inside to government contracts. dan's right when you're getting 35% growth to 35 times sales that's not a lot of growth of a multiple. the sense is they really do have kind of the gold standard of -- of a customer base that will continue to grow and actually build around them. i'm going to hold on. >> real quick with what the analysts said. rbc capital raised their priet target, oh, my god raised it from $9 to $11. morgan stanley had a $20 price target and sds we're not playing that game anymore but still underweight the stock.

that $3.5 billion next year should look like 22, and we're nowhere close to that. tim,'s done a great job, but it's the deep end of the pool for now for sure. >> nvidia doubled their sales from 23 at 27 billion to 55 billion and then they went from 55 billion. when you're thinking about the sort of numbers palantir -- >> and also headlines and i don't know what the timing of these and these are probably in place $508 million of stock from insiders is coming into the market over the next six months. >> fair points. coming up we're sitting down with ark ceo cathie wood, the stakes for the high fliers group up next. plus is it rally on in china? what renewed stimulus hopes could mean for the country's struggling economy and its biggest companies. >> miss a moment of fast, catch

us anytime on the go. follow the fast money podcast. we're back right after this.

welcome back to fast money. stocks jumping on election day.

the dow surging 427 points, the s&p gaining more than 1% and meanwhile boeing share falling today. and this is even after the machinist union voted in favor of a deal last night. that's a big step toward end agmore than seven-week long strike. and a couple after hour headlines to bring you. we're watching amazon after jeff bezos filed a notice he's planning to sell about $3 billion of the stock. boeing supplier spirit aerosystems citing a growing risk. and finalizing a half a billion funding round that could value the company at $5 billion. the ark innovation fund is up more than 3% today and nearly 22% over the past three months. the fund, though, is still down almost 8% this year. for more let's bring in cathie wood, ceo and chief investment officer of ark invest. cathie, it's great to have you here and on this election day, very pertinent to have you.

we understand the performance has kind of lagged to say the least. down about 8% since biden has been in os. are you hoping for a change in the white house? >> what's bip interesting about this campaign season is both candidates have sounded more and more alike when it comes to invasion. our focus is only on truly transformative innovation, and so -- and it seems to be a bipartisan issue. the best example of that is what happened with crypto this year. we had one party for it, the other seemingly against. and clearly the electorate spoke very loudly, and so they're now sounding very much alike. i think the decreasing regulations is critical. keeping taxes law, critical. and really incentivizing animal spirits is really what we're all about. so i think -- i think both sides want innovation. maybe one is leaning a little

bit more towards regulations coming down. that is very important. >> before i move onto the traders, you know, tesla stock, of course, we talk a lot about it was higher today. but elon a very vocal trump supporter. if trump does not end up in the white house again, is that going to be trouble for tesla at all down the road, if harris takes over the presidency? >> i don't think so. our thesis -- short-term anything can happen, and volatility around this important day we wouldn't be surprised. but if we're right and autonomous -- so robo taxis -- the robo taxi, autonomous taxi network opportunity is as big as we think it is, any setback would be a great buying opportunity. >> cathie, it's karen finerman, thanks so much for being on. so one thing different about four years ago is interest rates are entirely different. how important is that that the fed keep cutting to -- for your

portfolio? >> yeah, it's really interesting many people equated 0% interest rates with a boom in our strategy. our strategy in 2017 and '18 had really good years. i think 87% up in '17 as interest rates started up, and then we are up in a down year in 2018. so this correlation to interest rates has been a phenomenon associated with this time, and i think the reason was the shock going from, you know, basically 25 basis points to 5.5% was a real shock to the system, and certainly reverberated. do we need lower interest rates? i think interest rates not continuing to go up unless we're in a very strong innovation-led recovery, then interest rates --

you know, short rates could stay around these levels. we don't think they will. we think we're in a bit of a sinking spell here and that we'll need a bit of time, maybe some new policies, and then we'll be on our way. so we don't think we need interest rates coming down necessarily. the other thing that has happened over the last six years is this concentration in the market the likes of which we've not seen since the great depression. we think that the market is going to start broadening out in the next few years. that should also help our strategy. and so the last thing that has happened is our multiple enterprise value is as close as a multiple i've seen in my career. those three, interest rates,

concentration moving into broadening out and the valuation of our portfolios, we're feeling really good. >> hey, cathie. tesla is the largest position in the ark innovation fund. it looks like from some of the headlines you've been selling a little bit over the last week or so. you just mentioned robo taxi and the opportunity there. i look at tesla it's down 47% from its all-time highs. you just mentioned the concentration in mega-cap. it's the only mega-cap basically tech stock that's not near its all-time highs. why do you think other investors are not appreciating what you see as far as the opportunity for robo taxi and autonomy? >> sure. well, i think in terms of the way it's analyzed we still if you look at the analyst coverage, it's mostly auto analyst still. a few more tech oriented. this is not an auto stock. now, it's certainly not a traditional one. it's a robotic -- so autonomous vehicles are robots.

they'll be electric and they're powered by a.i. those are three different kinds of analystsch w. we have three analysts working on this, and we've defined the market differently from i think a lot of different and we've done a lot of research. we've put our model out there. you can -- you can play with it and move around the variables if you disagree with some of our assumptions. but if we're right, this story has just begun. >> you know, cathie, we have to ask there have been a substantial amount of outflows, by our calculations about $2.8 billion by the ark investment fund. you've had periods of time you've had banner returns and right now it really hasn't been part of them. so why should investors feel confident in everything you're saying now in your strategy? why should they put their money to work with you and this fund? >> first of all, in terms of talking about this year, yes, as

you say we're down this year. last year we were up 68%, and we ended at that point, so we do have some end point sensitivity going on here. the second thing is as -- as, i think, karen mentioned, many people have associated our portfolio with low interest rates, certainly algorithmic trading seemed to do that. i think that's going to change. and if you look at our portfolio, it has been -- if you take out the boom and the bust around covid, it has basically been flat for six years. and yet over this time -- and today was a beautiful day for this. over this time the progress that our companies have made is astonishing. and in that category i would put health care -- health care is going to be transformed completely by technology.

and crispr therapeutics, beam therapeutics, and other companies have developed cures for disease. in 2018 the -- we were wondering is this -- is this technology safe. crispr gene editing. today not only is it safe but it's been approved in the u.s., u.k., and europe. it's being reimbursed per patient at $2.2 million. again, one dose $2.2 million. why? why? because these patients have taxed the system economically. of course, they've had a terrible problem with their health. now, that's being cured. and instead of paying $500,000 a year for therapy and still having these people hospitalized, they're going to be cured. so we think a lot of what is going to happen -- this is probably the most profound

application of artificial intelligence and sequencing technologies and crispr gene editing. we are going to see real results as we move people out of hospitals and into cures. and that saved cost will save the system but will also go more and more to these therapies. >> and of course the cures that could potentially save lives probably the most important of all. thank you for joining us. >> absolutely. >> thank you for joining us here on this very important election day. it's great to have you. well, coming up we are econic.into the trader's post elti pks which stocks could surge no matter who wins? find out after this.

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>> yields are going high. and peter bookvar talked about it in the show and i'll say regardless who wins, i quite frankly house senate, presidential nominee, prejudice elected person, yields go higher in this sentiment and going to address i think the irresponsibility on the fiscal side and i think it's going to continue to make yields push higher. despite the fact tlt are going higher. >> look at google, good quarter, good guide, good valuation. i think you probably get this thing back towards 185 or so in the not-too-distant future. >> and karen. >> yes, so i think markets don't

love uncertainty. so i think to the extent we get uncertainty that's good for many stocksch i like tjx. i like if it's a decent retail season tjx can directly do well. and it's not a great season and you have inventory left tjx can buy that at a good price and insulated. either way i feel good tjx. >> we talked about gold and del we talked about airlines. delta is at the top of the heat. their margins are going to be 300 basis points year over year. i'll also throw out for cannabis because the irony i think under biden, when biden and the senate flipped -- i should say yeah it was the senate flip back in 2021, and the biden administration dropped the ball quite frankly. i actually think under either administration cannabis progress from an administration perspective is going to move

farther. it might even move farther under trump. >> wal-mart was an all-time buy today. >> yes. >> i like it, it's just a -- i mean both of those are expensive, great retailers, but i like them both. could have been either one. >> and you think wal-mart has potential either way. that was part of the reason at least we were seeing that as an all-time high. >> wal-mart we've been talking about forever. valuation is concern but it hasn't even mattered. if you were looking at the stock and didn't know what it was you would swear it's a technology stock. with that said it's wal-mart's world and everyone is living in it. >> wal-mart would like to be thought of as a technology company i think. >> they've made investments. >> exactly. >> they're really woing rkon it so they can be sort of part of that as well. well, up next it's already time your final trades.

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what a fast hour, it's time for the final trade. let's go around the horn. tim, you get to start. >> thank you for being here courtney, it's great to see. delta airlines 30% growth year over year. i think it's going higher. >> pitch hitting. my final trade is good enough for theinsular no matter what happens in the election so good enough for the final as well, tjx. >> i think i'd play some call spreads. >> it's nice to have your back, your growing family, beautiful family. mel's coming back tomorrow. she just had a birthday yesterday. exciting times here. it's a family show, too. and moving mining from 55 to 48.

>> good trades all around. happy election day to everyone. get out there and vote. if you haven't already, your polls might be closing soon depending where you are. thanks for watching fast money. mad money with my mission is simple, to make you money. i'm here to level the playing field for all investors. there's always someone working somewhere, and i promise to help you find it. mad money starts now. hey, i'm cramer. welcome to mad money. welcome to cramer. and i'm just trying to make a little money. my job is not just to entertain, but educate you, to teach you. so call me. tweet me at jim cramer.