u.s. attorney for the southern district of new york, writing in a post that clayton is a highly respected business leader, counselor, and public servant. john, we also have vaccine makers falling on the rfk jr. hhs nomination. >> and we also have applied materials. that's going to do it "overtime. "fast money" starts now. live from the nasdaq market site in new york city's times square "fast money." shares of disney jumping after latest earnings report is this the start of the a whole new world in the media space amazon taking on challenges from temu and shein what it means for the competitors trying to get a foothold for themselves. rivian loses and where investors are putting their money after the election melissa lee. on the desk, tim seymour,

courtney garcia. we start off with breaking news and the latest cabinet pick out of the trump administration. the president-elect tapping robert f. kennedy jr. to lead the department of health and human services let's get to eamon javers for more on this eamon? >> reporter: robert f. kennedy jr. is a vaccine skeptic and fluoride skeptic if he's confirmed and takes this office, he will be leading a department, which is incredibly vast in washington, d.c. it's got a budget of $1.6 trillion it oversees the food and drug administration, the national institutes of health, the center for disease control and a slew of other agencies. it also controls spending for medicare and medicaid throughout the country. that is an enormous amount of money that goes through robert f. kennedy's future agency, if he's confirmed and takes leadership of this office. the president-elect sending a post on social media just a short time ago confirming the news, saying for too long americans have been crushed by

the industrial food complex and drug companies who have engaged in deception, misinformation and disinformation when it comes to public health. the former president and future president sees robert f. kennedy as a solution to that problem and has said in the past at rallies on the campaign trail he'll let robert f. kennedy, quote, go wild on food and health and vaccines. clearly, this appointment now is a little bit more of a formal role than a lot of people expected some people expected kennedy jr. to be getting some sort of outside advisory role on drugs and health, but instead the president-elect, electing here to nominate him -- or to signal his nomination for secretary of hhs. that is a vast and sweeping role in washington, d.c., melissa. >> what are the odds of this being confirmed, eamon >> reporter: well, i mean, again, you look at all these picks, melissa you look at gaetz over at the department of justice, you look

at his pick for defense secretary, all these picks would be seen in a usual, typical political environment as extreme longshots for confirmation, but donald trump won a sweeping and convincing victory on november 5th. he controls this republican party in a way that very few presidents have ever done in terms of his personal sway over the senators you know, there are some senators who are making skeptical noises about some of these picks. but by and large, you would expect donald trump to get what he wants particularly, if he uses a number of maneuvers that might be available for him for recess appointments to skip the senate confirmation process all together some of these selections indicate to me, melissa, that that's what trump is thinking. that he doesn't need confirmation at all. he'll just recess, appoint these people, they'll get two years in office, trump gets what he wants and the senators don't have to vote on them and he bypasses that power structure all together that feels like where this is going. that's speculation on my part. we'll see if the nature demands

confirmation votes and demands up or down advisory consent on all these folks. >> eamon, thank you. let's get more now with nbc news medical contributor, dr. patel, a practicing physician and served as policy adviser. good to get your take on everything i'm wondering what your first reaction is and how you think this could impact what the fda does, what the cdc does, what the nih does, cms, i mean, the reach is vast here >> it is, melissa. i would not be honest if i didn't tell you i was -- i'm stunned. i'm still a little stunned there's a number of us in washington, d.c. around many administration transitions this is the most unusual i've seen to date if you're pfizer, moderna, glaxosmithkline, where the bulk of your money comes from vaccines is a big problem. as rfk jr. has said, he's said

time and time again, he's not anti-vcc, just the vaccines we have currently available any of the vaccines we've talked about from covid stot vaccines we give routinely for children, he's been able to stoke fears and put out a lot of misinformation, frankly, and on top of that, even when he ran for president, he made a comment and it's been recorded he said he would stop drug development and research for eight years if he were elected president. that has sweeping impacts to institutions like the nih, the cdc, and the secretary does have quite a bit of authority declaring public health emergencies. you can imagine declaring an emergency around vaccine safety but not in the direction we have i've been looking at the state of florida to see what's possible where you had a surgeon general there that recommended if you had measles, you could send your kids to school with active infections. that could be a preview of what we see on a national level >> robert f. kennedy jr. has

also said that he wants doctors who are not beholden to the industry he views many doctors having conflict with pharmaceutical industry or other parts of the industrial -- you know, food complex, food industrial complex. what implications does that have on drug approval, particularly at the fda >> yeah. it's very complicated because it could have far-reaching implications just for the staff. there are already conflict regulations to make sure people working on certain classes of drugs do not have any material conflict you could imagine they could extend what that interpretation is way beyond what's intended and say, a doctor like me, who has actually prescribed medication could be deemed a conflict and i could never be on an advisory committee, i might not be allowed to be part of an agency you end up taking away the very experts who have expertise in a particular area. that's talk about cell gene therapy.

you've discussed this on this very show, how important this next decade is that's a very small pool of people who have that expertise imagine saying anyone who's touched a trial funded by a drug company is not allowed to be part of a process where they give advice or even advise regulatory authorities we'll undermine what i would say has been an incredible opportunity for research and development and getting cures to patients i've never seen anything like what's possible with sickle cell, retinoblastoma you could be undermining decades of that process. >> when i hear about someone that controls medicare and medicaid and i also think about what we talk about all the time in terms of the deficit and budget and dynamic where we now have a new position to cut down government fat while we've added, by the way, a new department and a new agency. but it seems to me that there's some obvious places to go after. can you help us with a big

picture look also on what the ability could be in terms of attacking the budget and the spending that goes towards medicaid and medicare? >> yeah. i think we can see a little reprise of what we saw in the first trump administration where you saw a gutting of that control for navigators to help you navigate not just medicare benefits but the insurance. they also oversee the marketplaces those are exchanges. companies like us for health every major insurance company offers plans on the individual plan that's for people who don't get employer-based insurance, think uber workers, people who don't have access to that. these are millions of americans. you could gut the ability to navigate those services and even staff those services enrollment could come down in terms of medicare and medicaid, there's a lot of questions about who will be pushing for the subsidies to cut the medicaid programs around the

country. will there be a push from a trump white house to get those subsidies when they are expired? it's going to be hard to imagine that this is an hhs or white house that will put focus on that the private sector is affected by any of these changes. you like to think that the government is kind of on an island and you can create efficiencies will affect every aspect, including my own health care which i get through my employer because those employer-based insurance plans are the same plans trying to offer subsidized insurance, insurance on the medicaid market. medicaid being one of the largest pairers, no trif vial thing. we talked about all the new innovations coming, cell gene therapy. if you block or put a halt to that access, what happens when you try to think about paying for those therapies. what do hospitals do hospitals have an obligation to treat people this becomes debt they cannot recoup because there's lack of a

payment model. like i said, it's complicated. we'll all be watching to see what kind of nominees come under an hhs secretary like rfk jr. >> doctor, you're a doctor but i know you are -- you have a little trader in your heart. as you look out, you look at this appointment and you start to think about the impacts this could have, where should we put the question marks in this sector >> the obvious ones are vaccine. the obvious one, like i said, that's not a great place to be i would put -- there's a huge food market. i think these issues around the food and the environment, if you're any one of the large kind of food manufacturers, conagra, anything that touches the food supply change and market, this could be a real dent, not to mention many common fast food restaurants. we talked here about the mcdonald's e. coli issue that's continuing to unfold this can extend to so many other aspects of delivering food and providing food for people, even

in places like school lunches. those are publicly traded companies that could be affected i think the thing i'll keep watching for is could you see like a rally and acceleration for some of these wrap-around services does this make amazon's pharmacy and some of the offerings like hers and hims, some of those publicly traded stocks really attractive it unleashes this era of the consumer where if you need to get your care, you have to go to these private sector outside solutions? that's entirely possible and also pretty likely. >> doctor, great to see you. thank you so much. >> thank you >> guy, we led the show with this because it has such far-reaching implications. not just for our daily lives but on so many subsectors without health care. >> let's try to do it through the lens of the market and stocks otherwise might get off the rails. in terms of the xlv, li lilly, the top holding, these vaccine

companies are in trouble it's not coincident that mow determine that made a 52-week low, pfizer hasn't traded well, glaxosmithkline and the xlv is under significant pressure unh is still at the top of the pile what happens with some of them i'm not trying to be an alarmist but if you own xlv, you have to re-examine your thesis because it might change dramatically. >> this is where it's important to know not to fall into the short-term headlines like the trump trade where the initial reaction is, there's going to be less regulation, which is good for mergers and acquisitions and good for the health care space and some of your pharmaceutical companies because same headlines with new administration, it's a negative for that space. this is where you should not be trading on the political headlines as much as as it is underlying value of these companies. >> we've seen this sector under some pressure because there are some perceptions about what this trade was like a month ago

and then you have -- frankly, a couple of companies that have been at the top of the leaderboard struggling because people question the multiple you add it to those companies where there's a prove it story and pfizer is one of them. moderna is yesterday's news. their struggling, has had a lot of cash on the balance sheet and stock continues to make lower lows i agree the sector is one to tread carefully on i think there are opportunities. these are headlines probably, to me, creating some buy opportunities in some names that were already selling off for weeks. >> i guess the point is, the uncertainty around every one of these cabinet nominations is going to put different parts of our economy in different situations i think the likelihood he is confirmed by the senate is not particularly good. the likelihood some of these other nominations are confirmed, maybe gaetz, not particularly good what does it mean? it means this process gets stretched out and we have further uncertainty. the idea of trying to trade any of these sorts of names off this, i'm in tim's camp. if you're looking at individual

names and you like what they're doing and you like the valuations, you think they've been overly beat up, that's when you start to buy them. it doesn't mean the market is going down significantly because of these sorts of nominations. i think a lot of these folks won't get through anyway. >> stocks lower into the close after the fed chair jerome powell said the central bank is? no rush to cut interest rates if economic growth remains strong dow falling 200 points while s&p and nasdaq saw the worst day of november so far. the ten-year yield hitting its highest level in over four months cnbc's steve liesman has more on the key headlines from the fed chair. steve? >> yeah, a lot of action in the two as well. jay powell in dallas today affirming that the fed intends to still reduce rates but throwing doubt on the pace and how far the fed may go here are some headlines pep said the fed is, indeed, headed towards neutral but in no hurry to get there nothing about the u.s. economy screams that the fed ought to be in a hurry, he said. there's uncertainty about where

the neutral rate is and fiscal policy he said repeatedly about a series of questions about how the fed could react to potential policies from the trump administration such as tariffs and deportations that some economists think could be inflationary. >> we're still months away from a new administration let alone knowing the real details of what is going to happen and then the net effects on the economy. >> powell acknowledged with inflation higher than in 2018 when the last set of tariffs were enacted, the effects this time could be different or worse, in fact together with a firmer wholesale inflation report we got in the morning, they say powell's comments are hawkish and reduced possibility of upcoming rate hike a pouz remains priced in for january. but a 59% chance of a rate hike in march is now just 46% after a december cut, the next fully priced in rate cut now is

not until may, a year from now just a total of 70 bips of cuts built in that makes it more hawkish than the september outlook as it settles in for uncertainty over inflation and policy from the administration melissa? >> steve, thank you. we sort of had a similar discussion yesterday about the impacts and how inflationary they might be and how right now it is consensus these policies will be inflationary what does that -- you're typically, you know, anti-consensus, other side of the boat kind of guy when everybody says these policies are going to be inflationary, what does that make you want to do? >> it means -- sometimes the - >> the consensus is right. >> this might be one of those times. i don't think it was jerome powell's best day ever he said something to the effect, inflation is a social phenomenon i'm not sure what that means but has has to absolutely infuriate people back to the specific question, regardless of who won, it was

going to be inflationary i think the market is telling that tell right now. >> i thought he was clear on a it couple of things. he's keeping all his options open he talked about the strength of the labor market i think he said it looks solid for a guy that in september pivoted to say we're focused on the labor market, that's the other side of our mandate, i thought that was significant sounds like it's okay. by the way, jobless claims today and ppi, both sides of that trade didn't work for you if you're looking for a more dovish fed. he also had fed governors, governor kugler -- did i pronounce that right i've been bad with pronunciations this week i think you're listening to more fed officials try to assert the independence of the central bank for obvious reasons. >> i think that shift in powell's tone about the job market is interesting after that october jobs number that was a big disappointment, some revisions. talking about a nomination and what that could mean for a specific industry. one of the biggest issues that's being underappreciated is trump

might come in and fire powell. just fire him. >> powell said not possible. powell, the lawyer, said that it is not possible. >> auto you're telling me if someone tells donald trump he can't do something, he won't do it >> you can fire a fed chief for cause and then it will be tied up in court and then - >> it places a level of uncertainty about monetary policy and the fact it won't be divorced of politics. >> i think either way, though, the bond market has been telling us this for weeks. ever since the fed started lowering rates, you're seeing yields are rising because the bond market is saying, we don't believe the fed has inflation under control and regardless of who came into office, we have a high def sit inflationary policies will be in place either way now you're seeing them catch up to the bond market you probably don't want to fight the bond market. that's who you should be listening to and continue to watch going forward. coming up, shares of hims and hers as amazon makes a into

the hair loss drug market. we'll comb through the details ahead. >> oh, boy. >> ahead. plus, after-hours acti, pld teal nbers when we return.

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amazon shares touching all-time highs before pulling back launching a low cost telehealth services for conditions for hell loss sending hims and hers down 25%, their worst day on record. earlier this week, amazon also launched a new mobile discount store hall which could compete with china's temu and shein. it's in beta test on the mobile app pp it has a lot of cheap stuff that competes prize wise. >> you think about that, i mean, that's why a platform like hims was able to get to where they were and amazon can just flip a switch and be in there again, it's going to be interesting to see ow far across health care products and services this goes, but right now, i think hims and telling the whole story. >> if we're willing to give amazon credit as an investment, in other words, the callus and drivers at amazon can pull these levers, when historically we haven't applied and ascribed any value to their e-commerce business or essentially to that

business, that distribution, that infrastructure, that erp, that logistics that they spent so much money on they can roll this out in many different directions and i think it's going higher. >> yeah. >> i think what's interesting is amazon, as far as i've seen, is not coming out with a compounded glp-1s that's a big part of hims' story going forward, which could be turned off at any point if the fda comes out and decides these are no longer in a shortage. they have this coming from both sides. they have amazon as a competition and what happens with the glp compounded. >> the moves on the stock on any given day based on any given headline, either from the fda or from amazon is nuts. what a roller coaster if you're in this. >> finally amazon at least got through the 180 level that was resistant a couple of years ago. we traded up and seemingly failed again the fact we got through it and breaking out, we're in a new trading rate past resistance becomes support. i think amazon might be in this new level, this new range where 180 is the floor for a period of

time. >> when you think of these glp glp-1s and potential shortages, if you look at lilly down 20%, look at novo nordisk, it's telling you that the shortages are going to be gone in the not so distant future which probably means the compounds will be done, which means the pricing on those from lilly and novo will come down. again, that's probably something that is a huge headwind to hims anyway. >> coming up, the ev tax credit may be in jeopardy and it's having a big impact on electric automakers could this be exactly what tesla wants? first, applied materials on the move after reporting the details and the numbers in the quarter next you're watching "fast money" live from the nasdaq market site in timesque. sar (vo) with verizon, trade in any phone, any condition, and get iphone 16 pro with apple intelligence, on us. for everyone in the family. only on verizon.

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[ screeching ] [ chuckling ] [ vocalizing ] that's a choice. [ vocalizing ] think of what we could do together. welcome back to "fast money. semi equipment maker applied materials. a conference call is under way steve kovach joins us with the very latest. steve? >> hey there applied materials shares are down after hours despite those beats. let me give you the results. eps was a beat at $2.32 adjusted versus $2.19 expected.

revenues also a slight beat, $7.05 billion. shares are falling on that revenue guidance for december quarter which slightly missed estimates. the earnings call is under way but comments from the cfo said china has been a sore spot for it the company, saying d-ram sales were down 10% year-on-year in the country and also saying gross margins are still increasing despite those headwinds in china he credited inventory management among other things for that one. also said to expect gross margins of about 48% for the long term. we see shares down still about 5% >> steve, thanks steve kovach dan? >> yeah, i mean, listen, this is something we've been focused on since asml gave that booking guidance a month ago and folks were looking at capex from folks that buy this sort of equipment. it's not good enough this stock hasn't traded particularly well over the last couple of months that comment about d-ram, we watched micron, we see how that's been trading.

samsung -- >> maybe they can pull up a samsung chart. this is one of the worst charts in the whole world pull it up >> there you go. we're trading the globe here, tim. >> i think you're right. and i think, again, there was that confusion around -- again, taiwan semi, we heard about this increased in foundry, they were positive but the d-ram decline in china is right back china used to be -- there used toe be mid-40s growth. now it's low 30s growth. it's 31% of sales. this is the story. so i think this is why the story probably doesn't get better even though i think you priced in a lot of bad news. that trend in terms of where china sales are going has yet to bottom. >> where are you on semis? >> i think just to bring in, we were talking about powell and inflation, but that is part of the story. inflation are expectations are rising that does put pressure on your semiconductor manufacturing stocks like this one i think that's something that will probably continue i think you want to watch that to see how it's going to affect

these names because it probably will. >> real quick, the long term chart, 175 was the low in august bounce, 175. three times now this will be the fourth time. by the way - >> once, twice, three times a lady >> yeah. great -- >> lionel. >> lionel richie. >> it has nothing to do with that >> it doesn't prove that 175 is support to break through it's bounced three times - >> we took a lot of flack about a lot of things. remember micron when they reported, stock closed around 90 bucks, traded up to 115 and we collectively said, it was okay report, but it didn't justify the move look at micron now i'm almost guaranteed it closed below $100 given what amat just said, probably goes lower. disney with the magic touch, serving 6% on the back of strong results. the big move in streaming fueling those gains. "fast money" is back in two. >> announcer: missed a moment of "fast," catch us any time on the go follow the "fast money" podcast. we're back right after this.

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welcome back to "fast money. stocks closing near session lows as jerome powell said the central bank is not in a hurry to cut rates further president dow falling more than 200 points

shares of rivian down over 14% on reports president-elect donald trump's transition team could kill the $750 0e ev tax credit tesla on board with the move elon musk saying earlier this year that while his sales would be hurt, his competitors would be devastated. barclays putting out a positive note saying the winners will keep winning and upping price target on delta and airlines berkshire hathaway with a new position in domino's, sending shares higher. it cut its stake in ulta beauty. disney thrill ride for investors, jumping 6% on earnings and revenue beats closing at its best level in more than five months. cnbc's julia boorstin is here on set at the nasdaq. >> can we clap >> sure. [ applause ] >> it's always great to be on set with you, melissa. >> there was a lot to like out of this report but the streaming part was positive. >> hopeful and huge for the

quarter. big surprise better than expected profitability. the $253 million in direct-to-consumer profits that was nearly double what wall street was expecting also 3 million more streaming subscribers than anticipated was also key there what we have to notice here is the streaming growth and profitability was helping compensate tore decline in linear tv. there was a 38% decline in linear profits which was much worse compared to last year. and at the parks, even though they had flat attendance, they saw growth in consumer spending and benefits from their cost control. all this add up to huge guidance disney did something it doesn't typically do, it gave guidance for three years. high single digit earnings in new fiscal year, stronger than street expectations driven by continued improvement in d-to-c and parks business and projecting earnings growth to

accelerate to double digit rate in each of the following two years. really unusual to have that kind of guidance into the future. >> three years. >> why would you do that >> and wildly detailed absurdly detailed. nobody does that if karen finerman was saying -- >> there's a reason nobody does that >> why are we buying this? >> i interviewed hugh johnston on "squawk box" here at the nasdaq what he said -- i asked him the same question. there could be a pullback in consumer spending, a recession, all these things he said two reasons. we're comfortable and confident enough to give long-term guidance he said the d-to-c business is much more predictable now. so much of that growth in earnings guidance is because they see the d-to-c business continuing to grow, they have an ad business they're expanding and they have the subscriber base they think is more predictable. and then the parks business. remember when they made that $60 billion commitment over ten

years. they're seeing that pay off. it makes it a little more predictable even if there are hiccups in the consumer to know they'll get a certain kind of buy-in to see new attractions. >> we have a full house tonight. >> we sure do. >> everybody on set. let's bring in cnbc founder and contributor. >> come on >> our hands are getting sore from all this clapping tom is the executive chairman of orbit media and entertainment. tom, great to see you. you think this is a real positive progress report, an a grade. >> this qualifies for strong performance from a traditional media company. let's put it in context a minute, though we usually talk about disney versus netflix netflix now has an enterprise value bigger than disney, fox, paramount and warner combined. so, just in terms of what we're talking about when we talk about a traditional media company. but disney is number one in

viewership meaning if you aggregate all the outlets through which disney gets viewers, it is number one that is something to leverage. also it's got about two-thirds of the streaming revenue of netflix so truly catching up two things we always talk about in terms of streaming media. one, will they get to scale, two, will the streaming profitability upside outweigh the decline of linear? scale, something i don't know why they didn't point to but to me it's more indicative than anything else. this quarter their streaming revenues exceeded their linear television network network that's big that is a scale player two, when it comes to upside of streaming versus decline of linear, they guided in this multiyear guidance to double digit earnings growth in '26-'27. to get there, they said that

parks was only going to have high single digits toog the math, you have to have strong double digit streaming growth that is going to outweigh the decline of linear for the company as a whole to get to double digit growth. and with that, that's really saying this company is going to be up there with netflix as the number two company that has made it in terms of global streaming. a couple of major overhangs that i think they gave short slift to but overall strong performance. >> stud. i just got to get that out, number one julia brought up that point this morning. i caught that. number two number three, do you think this was sort of, you know what, we don't really have clarity for three years but our stock has been awful now for the last four years. we need something to jump start it and we'll back our way in over the next couple of years. is there some stock market gamesmanship going on here >> well, i say it was bold to given the overall media

environment, given the fact that hulu and espn are domestic services and the game here is you got to build a bal streaming franchise and they decided disney plus to losing subscribers next quarter some cloudiness there. i think the biggest issue they have is they're going to launch espn flagship. espn in its full form, not espn plus, as a streaming service the disruption that could cause in terms of accelerating churn, as so many people are bound to the existing cable bundle because of sports, is a big unknown factor and that was very bold to go out there given that they have to have some real confidence they're going to get the pricing on espn flagship just right, enough to protect their linear cash flows but at the same time drive a very strong streaming service. >> as long as you've been coming on the show and we've been talking about netflix, you've been a staunch bum stock's at an all-time high.

disney is wasn't you didn't like it hasn't been performing well until recently are these apples to oranges? when i listen to you talk about what's going on in disney and the way julie describes the company, or are you going to start comparing them more to each other could they both live together in a world where they continue to grow on different verticals? >> yes, they can definitely live together and when the market was getting way ahead of itself with disney at 200, i was pointing out the linear decline that was going to take place was just not being factored into those kind of projections. remember, 2015, when iger first said, uh-oh, espn is going to begin losing subs, what was the disney stock 115. where is it now? 110. that's almost ten years ago. being cautious on disney, i think, was the right call. >> what does this do to the other streamers, which have shown improvement, expect for our parent company's streaming

platform, but the others >> i think that's clear here is that there are three players at the size and scale of disney netflix, disney and amazon prime video. everyone else is much smaller. disney mentioned today they did see some benefit from bundling with max i think we'll see more bundles the smaller guys need the bundles more i think we'll see more consolidation. i think everyone is going to try to get to be the size of a disney and netflix i think that's the name of the game whether it's a bundle or m&a, i think change has to happen to make sure you're a must use network. >> last. parent company of nbc opening a major theme park in orlando next year, epic disney kind of gave that short shift in terms of any meaningful - >> they said it could help them. >> they think it will help them in terms of more visitation to orlando. that's another cloudy one. >> it's the "fast money" ride they're opening. >> what a ride it is buckle up. tom, thank you

julia, thank you great to have you both on set. coming up, wynn's new largest shareholder. we'll have more on what that position could mean for the stock. "fast money" is back in two. >> at university of maryland global campus, getting a bachelor's degree doesn't have to mean starting from scratch. here you can earn up to 90 undergraduate credits for relevant experience. what will your next success be?

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welcome back to "fast money. wynn resorts, landry ceo tillman fertitta boosted stake to 9.9% he's reportedly unhappy with the company's performance. contessa brewer joins us for what this big move could mean for the gaming trade maybe he'll be an activist eventually in this one. >> that he filed a passive investor's filing with the s.e.c. says to the world, no, no, this is a passive stake. i haven't talked to anybody who is buying that it makes fertitta the largest shareholder in the company notably, again, a passive position as an activist one. everybody wants to know why. i did ask fertitta on-camera interview, an interview, he declined let's game this out. could it be the stock is on sale, which is what carl icahn

said about his stake in cesar's. wynn is in the 50-day, 200-day moving arnlg in 2022, fer tuchlt itta took a little more than 6% stake in wynn shocked the world. the share price has grown since then but lagging the s&p look at this stock chart over 20 years. i mean, meh. >> dead money. >> i've heard from investors and industry insiders that wynn should focus on growth in the u.s. there's real opportunities here. when i interviewed the ceo craig billings in september, he kept the spotlight on what he sees as opportunities to open up gaming in the middle east with this new resort that wynn is developing in the uae this is a big deal and has a lot of other investors excited but there's land in las vegas, 162 acres or so, a golf course, this parcel across the street. one of the analysts at jeffries said, there's doing nothing with

it no plans to develop it, no plans to sell it you're sitting on $2 billion of market value. >> they need a nudge they need an activist -- >> a passive activist. >> there's a mizuho note, it exceeds the current share price. that's the thinking here. >> and the thing is that the -- the fact that wynn still owns its land except for some parts of boston makes it different than cesar's and mgm which have largely sold out their real estate you know, you look at macau and it's been a very slow rebound. before the pandemic that was three-quarters of wynn's overall big picture money. it's just not there yet. las vegas is still outpacing macau. that's remarkable. it was seven times bigger than las vegas, the gaming revenue in macau. >> contessa is doing a great job

with this. david tepper took a stake in wynn that's the guy that said he's buying everything china related not nailed down. this makes sense she mentioned the underperformance of the stock. go back to 2014, we're in a downtrend for the last decade. you get a close above 98, you've broken that downtrend and valuation will start to kick in. i like wynn here. >> i think this is something, i agree with you, there's a lot of talk of they really need to utilize their u.s. properties but this is a bet on macau and the fact that everybody is waiting, what is going to happen in china, is that stimulus going to come to fruition? if it does, it will benefit them if you want to try to play the international play, they'll have an opportunity there. >> i'm a believer that macau valuations are coming back i'm a believer in those shades, too. >> the glasses, the frames are fierce. >> those are awesome if you look at the multiple of lvs and wynn, they're at two-thirds of where they were pre-covid. i'm a buyer of the shades and a buyer of wynn. >> terrifying. you are. keep the shades on.

>> what shades >> contessa, thank you >> even though we knew that was coming. tariffs and taxes taking over investopedia. he can look at the results right after this refa meyinwo so, you know, han is 22 years old, and we've been together most of my life. not often do you have a childhood dog that, that lives this long so i think it's really unique and special that we've experienced so many, so many things in life together.

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welcome back to "fast money. investors getting more clarity on how to position for the last few weeks of the year now that the election fed meetings are behind us. while most remain optimistic, caution is creeping back up. that's according to investopedia's latest survey caleb silver is back here on set. great to see you still optimistic but less so there's been a pullback. >> 69% say they're optimistic or cautiously optimistic. last week's run helped with the optimism but i feel this bubbling sensation that something is starting to slip in terps of their confidence. 39% say they're somewhat concerned. that was a jump from october 69% are making no changes, only 21% are going riskier, even some of the riskiest assets have done well this is a cautiously optimistic crowd and they wonder when the other shoe will drop in terms of

the administration. >> they love mag 7 stocks, tech traditionally. where do they fall on bitcoin? >> 25% of respondents say they're buying some form of cryptocurrency, whether bitcoin. that was a huge jump it was only 8% to 10%. i think the big moves and the trump promises about bitcoin making the u.s. the bitcoin capital of the world, et cetera, have a lot of people more enthusiastic price moves, emotion, we know that so a lot of people are a a little more exposed to it, even though they listed it as one of the most overvalued assets across markets. >> if we're playing family feud, where do tariffs come in on the board? >> that would be number one, richard. i'll take number one, richard, family feud. >> i like the original, by the way. >> the original. no, tariffs are number one concern, followed by u.s. relations with china those go hand in hand. if you look at what -- we asked them this question, what do you think is better for your portfolio or worse obviously tariffs and geopolitical relations not going to be great but lower taxes, especially lower corporate taxes

and individual tax breaks. more tax breaks for individuals. that will balance it out you see this -- that's not going to be good but this could be good, that's why i think you see this drop in optimism. >> mag 7 as a group has gone side ways. we've seen the broad market kind of broaden out a little bit. what about the mag 7, what are the folks saying about that? >> top of their portfolio. the stock they would buy and hold today for ten years, nvidia that wasn't always the case. that prepped up in the last couple of years. you know what's new to the top ten list >>palantir >> tesla jumps around. palantir cracking the top ten for the first time and crypto, bitcoin, cracking the top five of things they would invest in if they had extra money. >> great to see you. thanks for coming. insted'sveopia editor-in-chief, caleb silver up next, final trades.

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it is time for the final trade. let's go around the horn tim ymour. >> what a exciting night it's always great here at "fast money. i think it's going to be great for the macau gamers i'm going las vegas sands, which i'm long we've had a big pullback, especially across the macau space, but i think it's time to nibble >> courtney? >> we talked about disney here i think there's a lot of optimism here, two straight quarters of profitability in the stleeming space. they preannounced three year's worth of expectations. i think that's going to be positive i would take a look here >> nathan? >> i saw something today, made me think a little bit. united airlines, down to $75 price target and doubled it up to $150. i would not be chasing the airlines here. >> do you know what was trying

to sort of embrace there >> trying to >> what? >> godfather 2, he was doing his michael corleone we talked about that in another show wynn resorts, contessa did a nice job. >> as always thanks for watching "fast money" 37 "mad money" with jim cramer starts right now. my mission is simple is to make you money. i'm here to level the playing field for all investors. there is always a market somewhere. and i will promise to help you find it. "mad money" starts now. i am jim cramer and welcome to "mad money" . and i am just trying to make you money. my job is to put into perspective feel free to tweet me. when it is a low in this market it is low. bu