>> sam stovall, that was quick. thanks. you got a lot in there. appreciate it. >> my pleasure. as i mentioned, a record day for the major averages. add transports to that as well. the russell 2000 at its highest level in three years. you saw every sector except utilities -- well, you saw financials lead the gains here. that does it for us here. "fast money" is now. live from new york city,s if "fast money." surging to records. former president trump once again president-elect trump. the election results had industrials, transports, travel, even tech joining today's monster rally. can this list, or will tariff and trade fears end the euphoria? we'll debate that. plus, the musk trade, all things in the elon universe rocketing higher from tesla to crypto. should everything in elon's orbit be on your buy list?

and what's behind housing getting hammered ahead of the fed decision? we start with what might be a bit of post-election euphoria, stocks surging to new records after donald trump was reelected president, the dow jumping more than 1500 points, its biggest gain since april 2020. the nasdaq investment peak also hitting all-time highs. the russell 2000 posted its highest close in nearly three years. bank stocks rallying on hopes that regulation will spur ipos and m & a. big tech also sharply higher led by gains in tesla and nvidia. stocks stand to take a hit from increased tariffs, dollar tree, dollar gen both dropping sharply. can today's market momentum be

sustained? will the policies the market seems to be hoping for play out in reality? >> fascinating, right? amongst a lot of things to watch, two things i was watching most closely were the bond market and then the russell. you mentioned small caps. that's been the final piece of this puzzle. i think the prior high was november of 2021. here we are within a few dollars of that level. that's sort of, i think, the catalyst for everything else. to answer your question specifically, we had some pretty remarkable moves, some outside moves on huge volumes. that's typically suggestive of what we call a blow up top. it's hard to argue with the lower left/upper rights we've been enjoying -- i shouldn't say we. other people have been enjoying for quite some time. >> it could be the certainty of the election. it could be trump policy particularly. november is a huge buyback month

also for companies. >> november on its own would have been a reason along with the fed cutting and what we've gotten from earnings season, which i think has been solid, solid enough. i think you got the red sweep dynamic which i know is still not official, and maybe it's not. if you look at what the market did from 7:30 p.m. last night or 8:00 when florida started to give a window into what might happen in other battlegrounds -- and i know florida was not supposed to be a battleground, but certain counties were a read on where you were going to see possibly a change in the vote. the reason i'm bringing this up is because you had a move in s&p futures that largely went sideways for the rest of the night. you had a move in the ten-year that largely went sideways through today. the difference between 10:30 last night and 2:30 in the morning is when you started to sniff out it could be a clean sweep that started to take the

market higher. things that moved last night and today are largely the same things that has been out-performing. look at the banks, look at industrials, look at airlines. it's as if it was a ratification of a rally that was already under way. we have talked what was already priced in with betting markets, crypto markets seemed to have called it. >> it was fascinating how all of the pieces seemed to be reflecting what we think is the mandate from trump. you had lower regulations. that's big for banks, not just from a regulatory standpoint, a capital standpoint as well. easier to run their business. banks have talked about how constrained they feel asht what they see as more oppressive regulations but also from the rest of their businesses like m & a, which maybe will be different. the flip side, if you're highly

indebted, higher rates, that's not a great thing. we saw rates really move a lot. tim talked about they continue to move. those were some really, really big moves. then the mix on things in the retail space, whether or not you import, right, and what'll happen there. for some other companies, you know, if taxes are lower, then that's good for their bottom line. >> right. >> corporate tax, personal tax as well. i don't know. it's sort of fascinating to see all those things happen and then crypto as well. the other thing that's interesting to me is the magnitude of the move and how it wasn't priced in at all. >> right. we thought it was anticipating a win and yesterday it hasn't obviously because of today's move. >> right. >> what sticks out to me, one of the first tweets i saw was from jeff bezos. we know he's not the ceo of

amazon but he also had a bit of a target on his back eight years ago. trump had a very -- after a little courting of the tech community and the ceo community in general, they set up all those ceo councils but they quickly moved against it for policy reasons that didn't have a whole heck of a lot to do with the economy at the time. they did move against them on some of that stuff later, but now everybody's just fallen in line. i think it's interesting. i think he knows a lot more about how to deal with these sorts of jeff bezos and all these other guys were more worried about the implications of their companies. jamie dimon wouldn't say a word. going back to davos, he disavowed january 6th. the muslim ban, people forget that was right after the inauguration. there was like a million people marching in new york and there were lots of ceos that joined that chorus. i think what's interesting going

forward for this next four years is he's got all those guys in his pocket. he's got the supreme court in his pocket, the house and the senate. that's what's different this time about what we are going to expect going forward. there's nothing holding him back. there's no checks, no balances, nothing. there's just him and no one willing to stand in his way. >> we say it all the time. it's not a timing mechanism and we're not saying it is. for example, warren buffett's cash position is $325 billion with a b, the largest it's ever been. that's been being built over the last six months in the form of obviously selling off apple, bank of america and some other names. one has to wonder what does he see. he sees his indicator, the wilshire flashes red for him at about 130%. when you're talking about two

standard deviations away on valuation. nobody cares about that stuff but if yields continue to move higher like i think they will, the market will starve. >> i like at the bond market and the equity bond yield or ten-year yield, whatever you're looking at. also interesting to hear at least prognostications on, okay, we have some policy ideas. we've certainly heard about tariffs. if you get 60% on china and 10% in the rest of the world, those are numbers that were thrown out there. you're starting to get strategists say that's a one-point drag on gdp by 26. there are dynamics the market can start to wrestle with. in the short run, i bring it back to november, to positioning. i think that despite warren, who you should always listen to and his conservatism will prove right, i'm sure, at some point.

i think there's a squeeze at the year end. i think there's a lot of people who are panicking. i think there's a green light. everything with the deficit and the yields and the dollar that indicate there could be bigger issues don't happen in the next two months. it gets back to where are traders right now. i think follow the path of where crypto has made a call. i think some of that call translate into a risk on aggression. >> how many market participants have we had on cnbc saying they are decerisking, advising clien to derisk and prepare for a prolonged election where we don't know for weeks afterwards. here we are not ready for that clean sort of -- >> right. [ indiscernible ] >> right. >> i think that's somewhat underpinning the rally that there's certainty on who the winner is.

>> our next guest says there will be large implications for the deficit. great to have you with us. i do want to get to the deficit and bond yields. in terms of tariffs that seems to be sort of the looming issue here over this, you know, euphoric stock market rally. what could that be? we've seen estimates from folks like the nrf saying it's going to add 10% to the price of clothes, 33% to the price of toys. how do you think that plays out? >> i do think a second trump term will be very aggressive on tariffs. i agree that he is not going to implement 60% across the board imports on all imports from china or 10% across the board. but last time, president trump took the tariff freight all in china from 3% to 10%. i expect he'll be equally as aggressive this time, if not more so. i do think they'll focus on particular sectors, as they did last time and leave some of the

consumer stocks perhaps alone. i think that's going to be very aggressive. we think the trump trade team knows exactly what it's doing this time. it knows exactly where the authorities are. we think most of it can happen without congress's approval. we think they will move quickly on a 301 on china and start focusing on steel or the digital tax with europe or mexico, as the president said just a few days ago on the campaign trail, we think they're going to be fast and furious here and everybody should be on alert. >> from your policy perch, how about the fed and how about how washington is thinking about an independent central bank that now has a different dynamic to deal with? there's the prospect of this. there's the prospect of deficit unfriendly and inflation and higher yields. has anything changed for the fed? could we get a statement that at least is reflective of a new paradigm in politics? >> i believe that president trump in his second term will

really stay within the by and large the norms in and around the fed. obviously unlike other presidents, he's chosen to jawbone the fed before and be critical publicly. we don't typically see that from republicans or democrats. but i don't really -- my base case at least is that he's not going to do things like threaten to fire powell or talk about how he needs any kind of authority there. that's our base case. we also think that he'll have at least the treasury secretary that is friendly to financial markets. but there are, of course, real risks that that is not the path he goes down. again, we do believe there will be a very, very active group inside the white house and in the cabinet, very, very focused on tariffs and immigration, which will lead to things in our estimates around inflation and growth that the fed is going to have to take a real look at. >> is there any talk down there in terms of what potentially

could -- does this potentially give a green light for china to do something in taiwan, or is that not something on people's radar screens? >> i think china has been very much thinking about and preparing for both outcomes here. it knows with really both administrations what it was going to get. i do think there's a lot of strategic thinking in china about how they will approach a second trump term in and around tariffs, export controls and a range of other things. my own view, a lot of different views on this in washington is that taiwan and any kind of invasion or aggressive action there is not on that top of the list. we should certainly all hope so. i think that they are in their own set of challenges right now, and they have now have to figure out how to deal with what, again, is likely to be another trade war and tariff war with

the united states. >> thanks for being on today. you said if they do some of these inflationary policies, the fed is going to have to look at that. obviously we're dealing with monetary policy and fiscal policy. what do you do if you're the fed and you only have the tools that are available to you? do you ignore the -- what do you do? how do they proceed? >> i think generally what you see the fed do is wait, in fact, until they see data and policy. so they are not going to be reacting today or tomorrow or really in january. they're going to wait and see the data, what policies are implemented and what the implications are on inflation. we know with president trump there's a lot of rhetoric, there's a lot of back and forth. he likes to negotiate by starting really large and then coming backward. i think they're going to wait and see how this actually plays through the economy and what economic data they see and they'll make any decision accordingly. but the markets, businesses, you

already saw the national retail federation comes out today saying watch out with these tariffs. so the rest of washington is gearing up for a fight. >> sarah, great to have you with us. thank you. bitcoin surging to a new all-time high on the back of the election results jumping to more than $76,000. traders expecting a more crypto-friendly administration come january. the dollar getting a bump on hopes of a more protectionist trade policy. we saw corollary reaction to the dollar strength, weakness in other currency, weakness in other commodities, softs as well as hard. >> gold gave up a lot of ground and rallied on the predictability to what's going on leer. i'm pretty bullish on gold. i think some of the i think

ththat happened last night give you reason to be bullish on gold. i thought copper's move today was interesting. it signals to me more concern. if copper is dr. copper in terms of the overall and she, it wasn't really a great day, was it? they didn't trade well. they didn't speak well about the economy. yet equities including industrials and parts of the economy that are traditional economy stocks loved it. >> interesting going back to china and that last conversation, think about the chinese, their meeting this week and you might see more stimlast. that would be the sort of thing that would get these commodities going. i also mentioned -- [ indiscernible ] this stock was one of the few that was down in the mega cap semi space and tech in general, so maybe some trepidation there. why was the k-web down?

you saw baba down, chinese-facing internet down. all signs appear we are going to see some ratchet-up tension. north korean soldiers entering the fray with russia, that's a complicated case. a lot of that dialogue was also dealing with north korea a lot. i wonder if that was just a wedge to get some sort of solution going in ukraine. we have a huge move in shares of lyft on strong guidance from the company. >> shares are surging. it is still the smaller, less profitable ride sharing play. there was a lower bar, but investors are encouraged by the more than 32% revenue growth. [ indiscernible ] that doordash partnership was announced just a few weeks ago. shares were down 4% year to date

versus uber's gain. hanging onto the ride share more broadly is the thought of robotaxis. do they kill off ride share? i spoke about the results and asked about that dash partnership. he said there's overlap between the two customer sets but it's smaller than people think and it will drive bookings over time, it will drive ride frequency and quick adoption of linked accounts. the aeearnings call is ongoing. the ceo is talking and they haven't quite got to q&a yet. >> lyft is the l in lysa. >> i don't even know what that name means. the door dash partnership has been the story for uber, which

was it was too complicated. people wanted lyft at one point. the normalization and the margin story and recovering demand is, again, another one of those stories i think is slowly happening across a couple of other places especially in industrial and transportation. i think the lyft story -- i think the driverless car dynamic and where that was a threat, that actually might actually be an ally at this point. i'm not sure lyft should be responding one way or another. they should care a lot more about getting this business as close to as profitable as uber. i think you stay long. >> autonomous driving is a good thing for uber and lyft. up a trump administration there is a theory that fsd could be fast tracked. >> uber had this big sell so maybe there's some opportunity. look at the march high.

i think it was about $20.85. we're about $17.50 now. coming up, more market reaction to the election. stocks ripping higher on deregulation hopes. how much could the financial trade benefit? that's next. and we're watching some after-hours earnings action. shares of qualcomm reporting results. details from those quarters when "fast money" returns.

welcome back to "fast money." bank stocks going ballistic on the back of a trump presidential victory. boosted by massive gains in names like webster, first horizon, simpsons financial and huntington bank shares as investors gear up for the potential of looser regulations and the surge of m & a in this space. >> ironically, today's 13-plus percent surge in the kre is the best move since november 9th, 2020, which was a few days after biden was elected president. at that time, the kre surged 15% largely due to a jump in bond

yields. as you mentioned, deregulation is akey theme. kbw identified eight agencies relative to the industry that could see changes on day one of a new administration. the watering down of current regulations on banks is expected to impact everything from the consumer financial protection bureau to capital rules to industry mergers. however, just like four years ago, there was also a selloff in bonds today. the moves particularly at the long end of the curve stem from concerns about higher deficits and sticky inflation. while a steeper yield curve could benefit bank margins, higher for longer rates could pose challenges to credit quality and unrealized balance sheet losses. the group is about 1 to 2% from historical multiples, raising the question of whether investors want to be chasing the rally from here. >> leslie, thank you.

karen, it's interesting the reactions were similar to when biden was elected. what is difference today that makes this rally maybe more sustainable perhaps? [ indiscernible ] >> i'm not really sure. that surprised me, that biden statistic. i think today so many fronts, we talked about the economy being better and less regulations and maybe more m & a. then there's the yield curve part. bank of america was up less than the group, because, remember, i that do have that very big hold to maturity that with the move we've seen in rates that's not really helping them. three, i'm happy. jp morgan is a nice-sized position, but i would not chase it here. i would probably be looking to sell some upside calls. >> history rhymes often. it doesn't repeat. think about the deregulation.

the roll back of dodd-frank in 2018 under former president trump's administration that led to the very rule that allowed svb and some of these other regional banks to operate under different, like, you know, regulations that ultimately were their failure. you think about what's going on with the kre and these mega cap banks. is it going to be a free fall? are we going to have the sort of practices that led to that sort of thing. if we think about regulation over the last 20 years there's actually been some guardrails around this sort of thing. think about today, that doesn't feel natural, banks moving in that direction at that speed. >> i think that's fair. getting back to what drives bank earnings, tighter credit spreads are something else i think are a relief for a lot of these banks that had concerns. but steeper yield curves is a big deal. i think higher rates ultimately is very good for net interest income which was under the

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welcome back to "fast money." qualcomm on the move after reporting earnings. those conference calls now under way. >> we've been on both earnings calls. qualcomm shares are higher, delivering strong guidance for the first quarter, delivering hopes the market is recovering. that is where qualcomm makes 65% of its sales. it designs chips for apple and large players in china. he says he really wants to develop the computing company for the age of a.i. fourth quarter sales in its qct business that encompasses everything from circuits to mobile devices to iot rose 15% year over year. semiconductor did surprise the street with a $15 billion buyback and shares are holder. let's move to arm holdings.

the share rallied nearly 100% this year. it's been a winning trade, seen as a way to get exposure to artificial intelligence. the ceo on the call says strong licensing revenue shows that his customerthe stock is still down about 4%. we'll be looking forents from t on "squawk on the street". >> your pick, guy? arm or qualcomm? >> qualcomm on valuation has come up considerably. this quarter should set it up to higher than may. arm holding is an important company. look at it in terms of price to sales. this company will maybe do $5 billion next year. trades of $150 million market cap. it's extraordinary in terms of that metric. you look at bernstein. they have $100 price target on

this stock. that makes sense. as great as it is, it's too expensive. i think qualcomm given the game of would you rather. >> qualcomm. maybe in the next couple years you could see qualcomm back with intel. we live in a world where people are starting to think about qualcomm in a different way. the diversification is not just smart phones and a.i. p.c.s. it's internet of things, au auto and industrial. i think it's one of these names that probably is more in play in that space than some of the ones that have run for a.i. >> that could be something that

their snap gdragon is for. apple guidance was tepid. samsung hasn't had too many things to say. maybe this is a leading indicator. >> that's what i think for apple as well. it reacted a little bit, not a lot. it was up, i don't know, a buck pip thought it would be up more than that. that was what i read through it. >> i looked at their first in the after-hours session. >> of course you did. >> yeah. that's what one does [ indiscernible ] >> at some point it does go back to valuation. i've been so wrong on intel for so long. if you want to play a little stock market here -- >> that's what people do. [ indiscernible ] >> doesn't mean they're fixed by any stretch. you guys could get some beta on this intel trade. coming up, how elon is poised to benefit from donald trump's victory and what the trump's victory and what the results could mean for tesla's

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. welcome back to "fast money." stocks ripping higher after president-elect donald trump defeated vice president kamala harris. the dow, s&p and nasdaq all closing at record highs with the dow surging 1500 points, the s&p up 2.5% and the nasdaq surging 3%. super micro's auditor resigned last week. trump media closing about 6% higher. the stock had been up 35% after president trump's win. investors are betting president trump's victory could provide a big one for elon musk. tesla soaring 52%. phil lebeau has the details.

>> i want to show that chart again that you guys were just showing. this is what shares of tesla did today with the surge of greater than 15%. the reason i'm showing you this, shares of tesla -- i know that's their annual sales -- but shares of tesla have not been this high since 2022. elon musk and his relationship with president-elect trump is the primary reason. take a look at the post on x from elon musk last night. he is with the president as they were waiting for the returns to come in down in florida. you know what he wrote there? it's going to be so hot. when you've got the ear of the president-elect, things are certainly going to be cooking for you. if you're looking at tesla as an investment, here's the reason the stock is moving higher right now. first of all, there's the influence being limited factor. knit sa did not have a lot of influence under the first trump administration. it's going to be a similar story this time around. that impacts robotaxi

development. elon musk is going to want to put these out there in development and in test mode, whether in texas or some other state, as quickly as possible. if nhtsa is not going to jump on them, that means robotaxi could be accelerated. this year they're expected to be generally considered flat, maybe even slightly lower than last year. the real juice behind tesla, the shares, has been the optimism about robotaxis. finally i want to show you the other e.v. stocks today. they were all down considerably. while tesla was up 15%, why, some of this is the chinese e.v. pl play. livian has its own situation it has to deal with and the concern if you are not tesla and sales go away of electric vehicles and manufacturing, then it becomes much tougher for you.

finally take a look at the ev charging stocks. brutal day for these guys. why? because the inflation reduction act had so much money going into the development of public charging stations. now, that's likely going to continue in some fashion under the trump administration or at least that's the expectation, but certainly not to the degree it was under the biden administration. perfect time for us to be heading down to central illinois tomorrow for the q3 results from rivian. we will be talking with the ceo of rivian. you don't want to miss what he has to say. interesting time. let's get more with gene munster. thanks for joining us. walk through a stock market reaction. it's the initial reaction. how much of what we've seen is valid? >> well, i think today just --

phil nailed it in terms of the reason for the move here. i think this piece of this meme stock part, which of the 15% there's some percentage that was just a halo around elon. elon made a big bet around trump. his next big bet is autonomy. the probability that that's successful goes up a little bit. as far as how much of that is sustainable, the shrewd investor would say, what is the real play, what's the opportunity? we've kind of outlined these numbers, but just to recap, if tesla gains 50% share of the u.s. ride sharing market by 2030, which actually i think is a reasonable target -- we'll save that discussion for another day but that would add about 20% to operating income. stock is up 15%. a lot of it got priced in in a hurry. i'm a big believer in what that means. the one piece that maybe wasn't

priced in today is if they sell more robotaxis, elon is talking about 2 to 4 million a year ultimately, about a third of total tesla deliveries. i'll take the under on that. i think it's closer to one to two. >> so many wall streeters got so bullish after that cyber cab event. that's where they sort of said the market can could be x, y and z above what it is right now. in terms of some of the other parts of elon musk's empire like spacex, trump has said we'll put an american astronaut on the moon thanks to, you know, elon, something like that. i wonder if you think there will be other impacts here we are not even seeing, whether it be twitter or spacex or some of the other ventures he has. >> well, he's got the golden touch right now and has the ear. so i think, yes, there are going

to be spacex is a clear beneficiary here. phil talked about the potential. tax cuts are going to go way down around evs. maybe they stick around for longer than expected. there might be another angle around tesla. as far as x and twitter, that piece of it, there's probably a benefit just around visibility to continue to grow that platform, just a more free-speech type of world. don't forget about a.i. the whole a.i. piece, this potential around some regulation around a.i. diminished today. i think this is still going to be pedal to the metal in terms of the infrastructure that's going to be built. they just raised a bunch of money. i think that should bode well. i'm stretched to try to find out how this could play out negative for elon. >> what if he steps down and he

becomes the chief efficiency officer, whatever that office is going to be called? would that be a negative for tesla stock? >> as long as he's showing his face on earnings calls and there's a perception he's a part of this, that's probably froive ten hours a week, i think investors are going to be okay with that because they've been desensitized to what he's got going on, to my count five companies. they'll fall back on, hey, he's done it before and he'll continue to do it. any normal person, tesla would be sold off. but this isn't any normal person. >> right. i guess maybe it's fitting that he becomes the chief efficiency officer if he cando so much in so little time. thank you, gene munster. even aside from the move in tesla today, it kept tech overall, a very good day.

>> one thing about tesla is interesting and elon in particular, the potential conflicts of interest. half their cars are manufactured in china at a time where -- byd is kicking their butt in china. they sold 3.2 million cars in china through october where elon has sold 750,000. they have this price war going on. trump said the first day in office he's going to get rid of these ev tax credits. if that happens, we have more pricing issues, right? because they can't sell the cars without the ev tax credits. that's a difficult situation. to me, i don't think tesla is too interesting the way it's rallied over the last couple weeks. >> or the competition goes away. it further weakens the competition and tesla has the scale to survive in that sort of environment. >> that's sort of the argument. and they have the balance sheet to stay it in for a while. that will be interesting to see.

> ]ndiscernible >>we'll discuss that when "fast money" returns.

welcome back to "fast money." we have a buzz kill in know voe

m know voe nor dix. a weight loss struggle we go vee up 75%. shares are down more than 4%. ozempic was a miss versus analysts expectations. >> it's a question of why, why the miss? is it a demand issue? that would be the most concerning thing. is it unable to fill supply? that seems okay as long as demand is still there. going back to lily, they didn't do a great job explaining that. it was sort of unclear. i don't know if know voe made it any more clear. >> right. >> i think of hims and hers as, i don't know, a bit of a proxy.

maybe it's not a great one. that stock seems to be doing better. >> right. lily. [ indiscernible ] >> -- august low. >> i thought it would hold about a week or so ago at that 885 level. that didn't happen. i think what's happening here is, you know, the growth side of the equation may be waning. now people are looking to valuations which, quite frankly, have never made sense. to karen's point, they did not do a good job explaining some of the issues that were there and novo didn't either. maybe there are problems with this trade. >> if you like the hold head and shoulders formation, you're actually seeing that play out. it's actually back down near level, but flat on the year. look at the midpoint of that guide, which is 25%. is multiple something that is deserving of 25%? supposedly in the sweet spot of

demand, we know it may not be where it was a year ago. it's absolutely valuation. coming up, first, a presidential election. now we have a fed rate decision. what the central bank will do as yields and rates surge.

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housing stocks sitting out of the post-trump win market rally. lnr dropping 5%, others also lower, the weakness congrecoming as the 30-year fixed mortgage rate jumped to 7.13%. what should we expect tomorrow, not to mention home depot and the like also trading lower. >> i think they backed themselves into a 25-basis point cut. karen's been on top of this for a while. whether or not i think that's justified doesn't matter. but i still think ten-year yields are going higher in the face of that. the housing trade going pear-shaped here makes a little bit of sense. >> yeah, that was surprising to me. even zillow got crushed today. rh and so many, home depot, lowe's. i don't think that turns around quickly. >> look at that yield curve,

look at the steepening. if they're cutting, this is great for banks. i think home builders, look, they got a tremendous rally on the concept of rates going lower like five different cycles. i think you stay clear. >> big question, of course, is trump going to allow powell to stay on and what does that do to markets if he wants to replace powell? >> yeah. he's already made some comments that he wants to kind of put his thumb on the scales as it relates to monetary policy. that probably wouldn't be a great idea. i think powell has done a pretty nice job. he did appoint powell. i think stay the course a little bit. >> yeah. >> i don't know what the mechanism is to get rid of him other than behind closed doors saying you're going to fall on the sword and step away under this new administration. short of that, i think powell is here to fill out the duration of his term. >> i guess the question for mortgage rates is will there continue to be this huge disconnect between where they go versus what the fed is actually doing?

because that's very frustrating. >> they're on two different paths. i don't know at what point -- this is what we asked sarah. the fed has to wait to see the data even if they think it's coming before they can do cah, these bills are crazy. she anything. >> up next, final trade. 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.

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time for the final trade. tim. >> that was a close one. big move in energy and oil services and schlumberger needed that shot in the arm. i think it goes higher. >> karen. >> we don't need to chase it. happy anniversary to my husband. [ applause ] >> i say the same thing every year. i got to tell you, i did not see

this anniversary coming. >> oh, oops. very honest. >> novo is expecting 25%. >> we all saw it coming, and karen saw it coming as well. it's true >> it is mad money starts now. >> hey, i am cramer, welcome to mad money. i am just trying to make you some money. my job is not just to entertain you, but to educate and to teach you, explain phenomenal days like today, so call me. what the