discount or value business like a nordstrom rack it is brood base. perhaps speaks to the strength of the consumer. people are booking new trips on old pcs i guess >>and they are wearing at leisure to do all of it. we go a record close to the dow and s&p. that does it for us . the dow and s&p closed. there is what is on fast money. tariffs, new massive tariffs on mexico, china, day one of the new administration. part of his deal-making strategy or a true attack. one analyst thinks this stock is a buy. later, technical take on a

move lower on inside best buy's bad day and quarter and why the surge in small caps can fuel the boom in 2025. i am coming to you live at studio b, on the desk tonight, tim, dan, guy and katie. we start off with trump's latest tariff threat. placing a 25% terrorist on the first day of office until drugs and illegal immigrants stop moving into the country. and raising china terrorists 10%. s&p500 and dow closing at fresh market highs. some areas were hit. etf for mexico and canada falling. they are thinking 1-3%. the dollar falling with the peso and the canadian dollar. we have the details of the story. is it all tough talk? >> it is tough talk. the question is how much substance is behind it.

the flurries of social media is raising the question what he is up to here. bar he is setting by compliance unobtainable to stop all illegal immigration and fentanyl into the united states. what is it about? trump took to social media to complain about the human migration and drug tariffing, tariffs on mexico and canada until the flow has stopped in a truth social post trump wrote that drugs are pouring into the country, mostly through mexico. until they stop he will charge china an additional 10% tariff. chinese embassy responded with a statement saying no one will win a trade war or tariff. the idea of china knowingly allowing fentanyl into united states runs completely counterto facts and realities. what may be going on is trump speeding up the negotiation of the u.s./mexico trade that he signed in 2020. it is up in 2026. he may be calculating to bring

all sides to the table earlier using the leverage about the tariffs. one question here is, is his strategy sort of a sea saw. in theory it works you put the tariffs and and fentanyl trade declines you will have to pull the tariffs off in response to that. what trump really wants, i think, is tariffs and an end to the fentanyl trade. he is setting it up he does not get both in theory. we will see if it is reality when he takes office or an attempt to bring all of those folks to the table. >> you outline the response from the chinese embassy but mexico responded saying it will open up a for tat. they will impose tariffs of their own. this time around trump 2.0, some of the countries are willing to stand up to the tariffs. >> reporter: that is the problem with a trade war, the other side gets to fire back. you know, this is not just a

unlateral decision by the president of the united states. it is if you want to get into a cycle of these for tat responses and see how far that takes you and who wins in that scenario is an interesting question. the chinese statement says nobody wins in a trade war. the president-elect clearly believes that the united states can win and he will win in a trade war. that is why he is doing this. >> thank you. >> should we be worried? trade off the threat of tariffs? >> you can trade the bond market off. equity is not worried. the bond market should. next year $1.5 trillion in just interest to service the debt. think about that. and then that is on top of all that has to be done in 2025t. might be the right course of action without question. again, it is inflationary. the bond market at 4.3% 10 years of pricing it in. 4.5 was not pricing it in. for me the way to play it is

through the bond market thinking yields would go higher >> you hear it on the headline pushing back against trump, the u.s., the biggest economy in the world. mexico overtook china as being the largest source of import into this country. it was 12% a few years ago. mexico has been picking up steam. if you are mexico do you want to take the u.s. on? i don't think so, having said that you can not look like you are just going to fall down. you look at sectors hit today, the auto sector specifically. it is argued that some 97 billion, i am quoting, 97 billion worth of auto parts are shipped to the u.s. from other countries. specifically through mexico and canada. there are places that are particularly well, you know, hurting more than others. gm that was riding high coming into today. i think that explains that move. i think we speculated now for weeks, we had a day yesterday. this is why it is fascinating stuff and why it is a trading

show. yesterday, we had scott bessent new treasure proposed is someone that says hey, look, i will do my best or at least it was thought he is the moderate voice in the room and the room that is going to be worry bed deficits and probably not push as hard on tariffs. we will see. >> i think it is a lot of bluster. we had four years to see what happened in the first administration, heard a lot of tweets in the last four years, he has to try to follow-through with some of the promises he made. i go back to september when he threatened john deere with 200% tariffs with equipment coming in from mexico. the end of the day, 5% of their sales come from mexico. 3/4s of the production happens here in the u.s. i guess at the end of the day a lot of u.s. companies are not going to make any big moves as it relates to manufacturing based on these threats because i think that if you look at all of the nominations, to tim's point, look at a guy like bessent they

will have a good influence. i don't think you will see too many big decisions by u.s. plfers companies. >> in all they are taking it in stride. >> yes. positive momentum. it shows optimism around the administration, so we got to stay with the momentum. the relative performance,z versus international. especially mexico to a lesser degree canada is still positive. we want to stay on the right side of that trade at least as long as it is working and it is still working. >> i guess that is a question here, guy, you can hear all of the headlines inflationary, bad for consumer, all of the negative impacts on the economy and we have a market that wants to go higher in year end. so, do you embrace that? >> i don't embrace it but it is not about me. the market is embracing it, the money flow is embracing, there

is an enthusiasm of what people think will happen in 2025. we talk about warren buffet and $325 billion he raised. he is looking at something. his indicator is north of 200%. 23 times next year's numbers? the market is historically rich. there are a lot of things to be concerned about. we can say it is all bluster. it may be true. you know what? president-elect trump hears that as well. enough people say it is a negotiating tool, maybe it is not. maybe there is a line in the sand. i don't think we are pricing it in. >> sectors that benefit from this. some some that don't. comes at a time when the market is coming in. the move and the consumer and the retail stuff over the last three to four sessions is extraordinary. and coming back and the mind

set, they do not know where neutral is supposed to be. we have been coming out of the tightening period. we are still restrictive. looking at where the equity market is. so, get back to stocks. i like it. i mean, i like the fact that they underperformed and the stock market is all-time high. it is bullish. i think there is going to be funding coming from the mag-7. it has been coming from the mag- 7. clearly into this broadening and it continues. >> it is obvious that the economy is in good shape. a lot of folks believe it for a better part of this year. gdp prints, expectations are 3%. you have not seen unemployment going up meaningfully in the last few months, we have not seen that sort of thing. the markets are pricing it in. the question is, you just mentioned banks, tim. the banks are pricing in a rip- roaring economy next year,

right? so, at some point, the rubber has to hit the road a little bit. s&p is up 4% since the election. i don't think it is an overwhelming vindication of the policies and that sort of thing. the other thing, you will have to prioritize all of the threats. a lot of them over the last year, you know, i don't think that they thought they will have to deal with them all so quickly. the end of the day the financial ones are at least in the best hands for right now. and i think you will not see something come apart. i don't think we will see the tariffs on day one. >> all right, let's bring in david wu. david, great to have you with us, thank you for joining us. >> thanks for having me. >> what is your take of the latest talk of tariffs. we have the benefit of having learned what the impacts of tariffs could be from the first administration, what are your conclusions? >> reporter: i happening the most important takeaway from the announcement last night is the fact that china was only

hit with a 10% tariff vs its the 25%. then, you think about it is not that surprising. the biggest tariff, whatever you call it, has not yet landed a job in the white house. he should have been the first appointment and yet he has nowhere to be seen. in my view what it tells me something obvious and it is engaged with the chinese. and think about it. the next one will be musk. he is building the biggest factory. and from his point of view, i don't think musk wants to see it. on top of that. and probably has to reach out

to jinping. probably. the onperson who has leverage over putin. and nothing to do with tariffs, anything, just means that administration is making a lot faster progress than you might imagine when it comes to doing a deal with china. >> so, you think there is actually a floor to how bad the relationship with china could get then? which would be counter consensus at this point. people of wall street are talking, thinking, 6%, 10%, if you are thinking it is 60 is it could be terrible. >> let's, exactly, let's remind your viewers of some numbers n. 2018 when trump declared trade war on china. china accounted for 23% of u.s. imports, today, china appoints for 13% of u.s. imports.

in other words, even with 60% tariff you will not hurt china that much, not raise too much revenue or balance the u.s. trade deficit. i can guarantee you scott bessent is telling trump you can hit china with 60% but long- term interest rate will go up so much it will be counterproductive. you will raise less money and lose more interest payment that is $1.1 trillion. so, i think from that point of view, to me what trump is after is not the tariff. he needs the chinese to create jobs in the u.s. much more obvious deal they are talking about on the table that is lifting restriction on foreign investments for the chinese to allow the likes of byd to come into the u.s., create jobs, build factories and make cars and sell to the americans which is what the americans did for the japanese 40 years ago, koreans 20 years ago and do you

think trump -- he gives a damn if this japanese or chinese cars whatever? with trump it is us versus them. them is the same. as long as the chinese are willing to build cars in the u.s. it will be the win-win. >> back to elon musk the second most important, allowing byd in the country and all of the other chinese ev makers in, that could hurt tesla. >> you are right. how does that happen in your scenario of musk being important? >> reporter: think about this, musk recently said he does not want to build a cheap ev car anymore. model 3, he wants to abandon the idea. he is bracing for this idea of what i am proposing, musk can stay competitive on the high end, focus on economist driving that the chinese will be not be able to enter because of the band of connectivity. you know what, it will hurt

toyota, honda and so on. american car manufactures not really that big in ev, they sell trucks for a living. from that point of view let the chinese take from japanese, koreans and everybody else. to me it is not obvious that musk will be a big loser. he can be a big winner. remember, musk said on a number of occasion his factory in china is the most productive automobile factory in the world and produced the best highest quality tesla. that is much more important to musk in terms of his aim to be a global player. >> great to speak with you, thanks for your time. >> reporter: you're welcome >> david woo. david woo inbound. >> i love his energy >> yes. he is great. >> a lot of interesting provocative thoughts there. >> i don't get the tesla. it goes back to january. if there are trade barriers not put up on chinese evs it will

demolish the ev globally. when you think about what he just said, woo, that, you know, he is going to focus, elon, they are focused on the $40,000 range car. if they come in here the average car at a bigger range is $25,000. you know what i mean? there is no way to spin any of this. we just talked last night of the ev credits. it seems like trump is on a different page than musk on a lot of this. >> the whole idea that there will be a deal in what trump really wants is the chinese to come and make jobs for americans i mean that sort of an interesting -- at a time when china's economy is on their knees. they have to be more pragmatic how they engage with trump versus the first administration. >> that is what i am going to

say. woo refers to take over in this administration. scott bessent and trump. look, we saw it with the u.s. steel in trump 1.0. it is important for u.s. companies that china's economy does better. does not mean we are going to worry about stimulating their economy. at the end of the day for the markets. if you look at consumer diskresh discreationary. the numbers don't like. you don't start with a clean slate when you start in off on january 20th or whatever day it is, you walk in with whatever you got. an extraordinary balance sheet and interest rates going to go higher. he mentioned $1.1 trillion in year, go up next year. you have to address it at some point. tariffs don't do that. now, volatility trade. trading below 14, dropping 40%

just this month. katie think its this is key support levels, what are you looking at? >> keeping a close eye on it. i believe, i know guy agrees, we have been in a high volatility regime since july, thereabouts, and it can be the gaming of market when it is relatively low, considered more complaisant. and that is a market risk. so, we are right at the support level for the vix. we feel as long as the support level holds that there still is a risk of a corrective phase. something that maybe we don't sell ahead of but rather get some sort of dry powder to get to work in january, in february, to take advantage of that we are watching it closely. around 4.5 for the vix. we will require it to confirm a break down. it looks like we are moving back into lower volatility

cycle that is more market positive. then, the next floor for the vix, back at 11. it is really a critical level for the vi x and the brooder market. >> something resident, katie was here in june, july, she said we are about to enter a point of higher volatility and it lasts nine to 12 months, if i am putting words in your mouth, i am sorry. august 5th we saw what happened. a lot of people think that was it. i think it say precursor. i think this is another round of volatility. these levels are critical and it will hold. coming up, a lot of afterhours action for you. a lot. shares of dell, hp, workdesk, all looking at the numbers. and wells fargo operating under an asset cap put in place after their fake account scandal. could it be on the way out? atle. rdles they need to car wh it will mean for the banks next move, don't know anywhere,

back in 2

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conference call is underway. he has the details. hey, christina. >>ip vestments in a.i. helped the group. it was not enough right now to off set weakness. in the businesses as the coo is saying on the call. the pc refresh continues to move out, quote. we know it is there, the triggers have been slower to move. that delay along with supply issues with blackwell chips forced them to lower the q4. in 25 billion. and the stock goes from 5% negative to down about 10% in afterhours training. management says they hit record ai server orders. and the pipeline grew more than 50%. and the business will not be linier. it is changing. we are winning deals at a price premium to our competition. a sober take on a.i.

right now. >> all right, thank you. why do we think that nvidia gets the pass blackwell delays and dell does not? >> they keep coming out saying there is insane demand for it. >> so does nvidia. >> no, that is what i mean. i don't hear insane demand for dell. the next generation, a couple things going on here. i think that was the takeaway with the beat in the raise last week. they are getting less and less and that you keep hearing more about the transition to the higher end. you know, i mean, like, dell is a great example of a company that keeps talking about a.i. demand and they keep saying the rest of the business is weak. not too different from what we heard. it sounds like the pc business is weak right now and you will have more a.i. demand. >> that is what they said. is that a reason to sell dell? if you are going to let a business to be weak that is the one. lower margin business. the old school business.

the infrastructure group is the one that has a lot of excitement around enterprise and multipurpose data servers. that is the story. it comes back to this. first of all, a roller coaster ride. if you have been playing dell. doing a great job. first of all, 90% up from february to june. down august 5th that low. up 60%. it trades at about 15 points forward. not expensive with a sexy growth business and around 10% a year. so, i think you can own it here. even though this is not the name that i would like to be chasing. i feel like you are. >> katie? >> with the 10% downdraft, it comes back into the rise in 50 day average i feel like it is an opportunity for it. the stock is lower following the results. we have the latest on that. kate? >> so, despite that global tech outage this summer it is a

strong beat for crowdstrike. guidance and the revenue, chopping $1 billion. growing 29%, year over year. strength and profitability with 9% operating for that quarter. the guidance. at the midpoint. of that range it was light. same with the revenue forecast. that is weighing on the stock afterhours. the global tech outage was theel vaunt in the room. street expected lower growth because of some of the potential delays in renewing contracts. arr, outperformed at 4.62 billion. some analysts are excited about. the ceo on the call going on right now. saying they were tested after the outage and responded with speed, care and resolve. he called out crowdstrike's performance in the first full quarter since that incident and 97% net retention rate. he said it was down less than half a percentage point. also says through all of that

they remain laser focused. >> is there any indication they had to discount on the contracts or were they signed so it stands at full margin? >> reporter: that was one of the big questions heading in. so far on the call we have not gotten an indication it was a result of discounts saying stick with us because we are going to lower cost. we will keep an eye out for that. but it seems like most of the metrics outperformed arr as well. did not bite into the results as they were if you were getting massive discounts no evidence of that >> kate, thanks, guy, what is the trade? >> all time high, 200 to 400. they got it back. beat by 12 cents, guided full year up by 12 cents, suggests the next quarter will be sort of, i don't know, pedestrian at best at a big evaluation, given the run. i mean it makes sense that the stock is lower. it should be lower now.

it was a fine quarter guide. stock trade is down. >> a lot more fastmoney to come, here is what is coming up next. is the punishment over? how the asset cap on wells fargo could be lifted and what changed at the bank since their fake account scandal. hefty losses not enough to tip the scales, the latest data out of amgen. and why wall street was expecting more out sized results. you are watching "fast money" livero fm the nasdaq market site in times square. we are back right after this

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. welcome back to "fastmoney" the dow closed at a record and shares proctor and gamble up. outfitters beating expectations, ambarella with a big beat up higher. shares of hp lower after reporting earnings in line with estimates. do not miss the coo on mad

money 6:00 p.m. eastern. and take a look at rivian getting loan for 6.6 in the department of energy to build a facility in georgia. pausing development of the plan due to concerns about the capital position, wells fargo may be nearing an end to the cap punishment. the restraint on the bank after the bank account scandal. now the bank is in the last stages of passing regulatory tests to lift that restraint. the punishment could be removed as early as the first half of next year. coming up, heavy losses but not enough to carry the weight of the stock. how amgen's drug data is not meeting wall street expect takes. "fast money" is back in 2

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. welcome back to "fast money." amgen closing lower. the first drive in the dow. the company out with the obesity drug showing patients lost up to 20% of their body weight on average at 52 weeks without plateauing. but it is not enough of a streak. >> reporter: the street was

looking for 25%. so, that 20% reduction is disappointing right there out of the gate. the biggest thing, side effects, 11% people dropped out because of any adverse events and 8% dropping out because of gi issues like nausea and vomiting. the side effects are not new. but, aim to have high rates. a break down of the severity. describing them as mild. now, they did say the side effects were typically after the first shot and planning to start with a lower dose in phase 3. on that phase 3. amgen not saying once a month dose or once every other month. stay tuned there. and also today, the biden administration proposing medicare and medicaid cover obesity medications, giving $7 million americans access to the drugs. the current administration will not be able to implement it before january. it will be up to the trump team to decide what they want to do with it. >> thank you.

let's get more with senior research analyst, reit reiterating the results. >> reporter: there is an assumption after the data came out that it will not get better in phase 3, yet, as pointed out it was not plateauing at the end of 72 weeks, and indicates there could be more weight loss to come which could then surpass. what is wall street sort of not, you know, taking into consideration in evaluating the results so far? >> reporter: i think you hit the nail on the head. the data shows clearly that the drugs, you know, effect was not plateauing at 52 weeks. you got to understand we are comparing 52 weeks to zepotide spot on for weight loss. you know, if you look at the curves presented today.

clearly it is headed even higher. so, i think, you know, from my perspective just holding on a few weeks we will get longer term data. i think the superiority will be a lot clearer. >> getting people over the hump, though, in terms of not dropping out because of the severe side effects so early on. that could be an issue. do you think that results in phase three, do you think it resolves if you start people off at a lower dose? >> yeah. tbd. the company rightly is being cagey on the phase three design. it a competitive market. they presented some interesting data with patients starting at lower dose. and, they did not give us a number. but, said it was lower than presented. a little perspective. we are talking a 6.7 discontinue wages weight discontinue. we are kind of in the same

ballpark here in this discontinue rate. the trade off, again, you have faster weight loss. you have a game changer, once monthly versus once weekly. >> chris, we are talking about a company, and i am leading to witness, 13, $14 billion drugs, trades that i don't know, 14 times next year's numbers coming off what a thought was a great quarter in late october that is priced in this news on the back of the sell off. the stock has seen over the last couple of months. at a certain level you have to close your eye and buy this thing, i think. >> reporter: or keep your eyes open and look at the value of this drug. we are talking a segment that i don't think there is much debate. it is going to be approaching $100 billion of revenue.

the obesity market. so, does not take a ton of shareshave a needle mover. especially for a company like amgen. i think this is not just apoverreaction, a misplaced reaction. >> all right, chris, great to have you with us, thanks for your perspective. >> thank you. and a quick programming note here. once you recovered from your turkey bay binge, we are bringing you special coverage of the weight loss obesity week starts off next week, monday december 2nd bringing together top ceo's and thought leaders right here at 5:00 p.m. eastern every day next week. >> that is not nice. obesity week after thanksgiving. [ laughter ] >> come on, people go back for an extra plate of stuffing. >> it is just that we happened to pick next week. nothing to do with thanksgiving >> does tim have a role in obesity. >> the performance is not good. i am intreesed by amgen. when you see a big draft down.

the stock was down 25% off of the midyear high. it is intriguing when you get a heavy volume, gap down, following the decline. the last time it happened was a short term low, the market was bottoming, too. it tends to be climatic, right? people are exiting the loans they should wait. >> the other factor between this drug and the others this one is a month. imagine once a month as opposed to once a week. >> i will leave it to the pharma experts. there are other elements of this analysis that says you have will have higher weight loss. it sounds like this is a group that would be buying the weakness. i would be right there. the bounce off, a reset back to one year lows. coming up, more afterhours action this time. nordstrom, and the morning retailers that had retail in

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money" an earnings alert on nordstrom. aftermarket lows, the call is underway. courtney has the latest. >> reporter: so much going on here today. nordstrom earnings, earnings revenue, sales coming in better than expected. comparable up 4%, that was up from the 0.7%. nordstrom taking up the bottom line slightly adding, sort of a general conservative from a course of retailers about the holiday quarter regardless how strong or not the third quarter might have been. nordstrom saw strength kohl's had weakness. they put up the 10th straight quarter of declining sales. announcing a new ceo, clearly a lot of work to do. abercrombie, guidance raise streaks, meantime best buy,

decline. largely to macrouncertainty that was the result, the election. it was up 5% in november but that is 20% of the quarter >> feels like kohl's has had a lot of ceo's in a short amount of time. this quarter it was sort of miscalculation when it came to private label and amping up the brand names. >> the ceo community is an interesting one. i went back through the time line, the third ceo since 2018. it was goss, she left surprisingly and kingsbury took over and now there will be a take over, over him. i don't think the kohl's story will have anything to do with the consumer. or that you can point to the category. nordstrom strengthened them. you may argue they are different customers but walmart saw some strength in those categories for the second quarter in a row and different

customer than nordstrom. a lot of, to your point, a lot of misstep by kohl's. down 9. 3%. that is down significantly. >> thanks. where do you want to shop? >> nordstrom, shop there. one of the reasons it sold off, $22 stock traded up to $25. big move. look at the quarter. 4% comp from what the street was looking for. merchandise is up, not a disaster. i think it was the full year guide that was in line that was sandbagging. i think you buy nordstroms here. >> i think their numbers are solid. tick private bid, there is a real surprise, i think rack is rack proud, continues to be the place to go. >> okay. you know, i am interested in the chart. it looks like a long-term turn around phase. pull backs for that set up. if you look at xrt, the retail

atf we have some, you know, signs it is breaking out from this big range. i am encouraged by the action. a little early, we will see. >> yes, speaking of rack, i want to go to dicks, here the stock amped up. it looked like it was going to test the high range. some of the commentary that you heard from dick's or best buy does not make you feel great about retail environment. a lot television started about a month -- a lot of this started about a month ago. for me it is a hard time for retailers to report and give their guidance. again, does not feel strong. coming up, small caps driving the action, how the russell 2000 can feel a resurgence and what our next guest thinks of the opportunities, more "fast money" in 2

. fast money, small cap is having a banner month. the index now less than 1% off of the record high hit during yesterday's trading session. our next guess thinks the russell gains can revive the market. great to the have you with us..

>> reporter: great to be here, thanks >> where do you expect the companies to be minted? which sectors? >> reporter: i think your comment on the small cap rally is huge, that is where the heart of the market is. i think what we are going to see is a pick up in activity across the board. i am focused on tech and fin tech, you know, we had been averaging 40 tech every four years fewer than 40 over the past three years combined. a huge backlog of high quality companies, we are excited about the biggest beneficiary of deregulation in the brooder market. and then health care. talking about the up and downs on a day to day basis and health care in particular and bio tech. invasion and a.i.-driven drug discovery is accelerating companies to market. public markets are the best place for bio-tech companies to continue to raise capital to

fund trials. i am excited across the board. >> you mentioned 40ipos in the tech market in the last four years, what do you think private companies learned since the 2021 period where we saw a lot of people go public that should not be in the public markets? >> reporter: you know, most importantly that he learned they have to perform as public companies, right? it might be a cheesy line. we say it all of the time. welcome to the starting line. right? that is where it begins. i think companies are being a lot more thoughtful and a lot more conservative about the type of guidance they put out. making sure they can beat and raise and having great visibility into the next 6, 8, 12 quarters to know they can get out there and they can perform as public companies the next wave will not be about top- ticking evaluation on the way it, it will be raising enough capital to grow the business and perform for a number of years. and get investors in at the right prices and make money along the way. >> does the trade banks all follow this? that is the bottom line, right?

>> i am sorry? >> is the trade off of this belief there will be a wave of ipos is the trade banks? >> reporter: look, i know, you know our views and we cover the basic sector and we are bullish on banks and regional banks and the brokers involved in the activity of the ipo and the mna market. i can only speak to our pipeline and what i see on the street but we are all gearing up for an active '25 and '26. >> all right, seth, thank you very much for your time. thank you. more of the trade first of all. the great reuben of all-time. reuben kinkaid from the partridge family. >> a quick apology. >> yes. >> that is fine. >> i think it was initiated out. william blair, standing with a new high, mdaq. >> small cap index how does it look? >> new highs essentially. so, what we are watching is

resistant 260 for the russell 2000. we are not buyers right here. it is overstretched. it could be a major break out. >> do you think there is a pipeline to be had next year? >> 100%. three or five tech ipos last year. a huge penalty up demand just as seth just told us. [ laughter ] >> this all tells me equities are going higher. so much out there, private equity, the market is going, this is part of the backdrop for equities. this is what people are expecting. it is going to happen >> calling seth reuben reuben is not bad. remember the sea of bob evans was on? >> yes. called him mr. evans. >> that is off base, or tim apple. >> yes. so many other. >> you have been called michelle like 100 times, right? >> yes. up next, final trades.

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time for the final trade, tim seymour? >> amgen opportunity. guy talked about what's overall in the pipeline. i think this data was self-induced to buying. >> fair lead strategies? >> check out genesco. >> what do they do? >> retail. >> i'm just kidding. >> great to have you katie. ken? >> i see what you see in the russell, but i wouldn't be chasing it here. >> double top. we were just saying before -- during the break tim and i were saying mel wouldn't have liked this. then you said we don't like you

now. so i mean, we have feelings. is that true, tim? >> i think they pick on the ones they -- >> i agree with that. nordstrom's, i think the market is picking on them now unjustifiably. >> see you tomorrow at 5:00 for more fast. hump day, gobble, gobble, thanksgiving eve. "mad money" with jim kramer starts right now. >> my mission is simple, to make you money. i'm here to level the playing field for all investors. there's also a bull market somewhere, and i promise to help you find it. "mad money" starts now. >> hey, i'm cramer. welcome to "mad money." i'm not here to make friends, i'm just trying to make you a little money. my job, not just to entertain but to explain all this stuff. so call me. remember today. remember because it's a textbook reminder of what hap