worldwide with incredible ryan arm compliant cpus. and an eye on d.c. a vote in the house expected net month. "fast money" all over that a down week for major averages in the house expected next month. "fast money" will be all over that a market rally today although a down week for the major averages. >> with that "fast money" starts now. live from the nasdaq market site in the heart of times square, here is what is on top a massive market turn around an a signal there is still more rate cuts in the new year. we'll dig in on the comments getting markets back and losing weight, shares of novo nordisk getting skinnier after disappointing results and eli lilly zepbound getting approval to treat sleep apnea. and american express and

fedex and traders lay out their charts of the year as we head into the last few trading days of 2024. i'm melissa lee coming to live from the north dakota, on the tesk, tim, karen, steve, and mike khouw stocks rebounding sharply after early losses after austin gools bisaid he encouraged by the data today stocks did end off their highs of the session in all three majorin disys are down for the week let's turn to steve liesman. >> five days before christmas and the fed delivered to markets two dovish fed officials and a friendly pce austin telling cnbc in an interview that the funds rate is still substantially higher than the neutral rate so there is room for the fed to cut. >> that is why i say over the next 12 to 18 months, if

conditions keep on the way that they have over the last 18 months, i think rates come down a fair bit more. >> he will vote on policy next year, the feds pce came out a tenth better than expectations and john williams in another exclusive interview liked what he saw. >> we've seen really sizable movement down in inflation the last couple of years, we're still not to the 2% goal but definitely seeing good -- further progress toward that goal. >> williams agreed that the fed is above neutral so there is room to reduce rates, after the lump of coal delivered by the market, it was a welcome gift to investors on the weekend just before christmas back to you guys. >> steve liesman, thank you. so did he quell fears of a rate hike next year because that is entering the conversation over apollo, mentioning that on wednesday.

but the data today plus comments, does that take that off the table in your view. >> for a little while. until we get data that -- exactly. when i looked earlier this morning, the handles were down 50 or so after that pce number came in, cooler. that was down about 24 and i don't know what the rest of it was, as the day went on. maybe the interviews, that could be it because those were very bullish. but i think also some progress on the debt ceiling that, helps as well and as well as the magnitude of yesterday just kind of, that sell-off was getting sloppy so i feel a little bit better. it is nice to see that cpe -- or cpe number come in better but i still think the trend is toward inflation and not a lot of cuts. >> look, the numbers bear out what the market really how they reacted to the pce he rallied 260 basis points from 9:50 a.m. until the marks peaked

up and that translated into a major reversal over where we saw futures. you looked at your screens in the morning before the markets open and you said, wow, this is kind of sloppy and we're probably going into the weekend and people are reassessing the view of the fed. but, karen, i think you're right, sloppy in terms of how the couple of days have traded since those powell comments, i think that has as much to do as with anything. i think the markets are jittery. we're down 3%. it is even with this move today, this is been a rough period after such an extraordinary period for equities. where the assumption was that inflation was your friend. we have had a number of other prints going into the fed meeting that you had believe, well, inflation isn't out of the picture, and disinflation is a thing of yesterday, that the fed is not going to be hiking. having said that that is the biggest risk for 2025 at this point and it is not the fed will hike, but the perception of the fed will change. >> i agree with that but important, is that they are

not hiking whether their cutting by twice or four times, not really the issue. the issue is do they hike. but powell, the day of the meeting, said that rates are meaningfully restrictive so he agrees with goolsbee and williams and he doesn't want unemployment to took up. so you do there the powell put that is the way i saw it i thought the markets totally over reacted to the commentary i get it he was a lot more hawkish than the market wanted him to be. i don't think that the narrative has changed. economy does worse, he's there he'll cut more aggressively. and he's got plenty of tools or plenty of time and plenty of basis points to actually cut i think the market got it wrong. but the market always over reacts. >> there is still the conundrum, the squaring the circle that needs to be done between raising your inflation forecast and aking down the number of rate cuts and that is still, even

with the goolsbee comments, that puzzle still remains. >> yeah, i think that is definitely true. i think what karen was referring to is that a lot of secular pressures that are inflationary, it is not like those things will simply go away we're at relatively full employment, so labor costs are something that we still have to keep an eye on i mean, to me, though, i think the important thing, just in terms of what tim was saying, which is that the market is clearly jittery. that bad news was really greeted with a very severe knee-jerk reaction dropping 300 basis points in the s&p over the course of two hours sort of speaks to the fact that people might be a little concerned about the valuations you know, one other point i would add, and i don't think that is as true this week, but going into next week and that is that we're going to have a little bit less liquidity. there are people not looking at their screens for all of next week and that could also create a little bit more of that kind of jump risk that we saw in prices

this week. >> yeah, the liquidity is away and the seasonality, and the seasonality happened in the second half of december and we're entering the santa claus rally period. >> ho, ho, ho. and i do think it is been quite joyous to this point and if you look at where markets haven't had a chance to test the 50, that is what the s&p did testing back to november and since that last september fed meeting where, yes, rates then started rising, but markets also rose and nasdaq was up almost 14% from that fed september meeting until this last meeting. so i think a lot of this is a function of where we've come from and it is been a joyous holiday period since thanksgiving and the economic data, forget inflation, the data around retail sales and around the market, and people come on the show think that the ism manufacturing is doing a

bottoming thing after a couple of years after what we know is recession manufacturing activity so the economy is in solid shape. the market performed like that so, yeah, it is kind of to me nice to see the reactions to the fed. almost like they used to be. in other words, you didn't know what the fed was opaque and transparent and those were the days where you got the -- >> the clarity. >> like greenspan. >> and some of us were alive then and there was a time where the fed wasn't supposed to tell tale and essentially signal every move. >> but you're briefcase. >> the briefcase indicator. >> thick, thin, what was the issue. >> i don't remember. >> but they're into a lot more transparency any more. >> nobody carries a briefcase any more. >> do you have one >> not with me today.

>> more importantly, we haven't tested the 20-day moving average and no one looks at around that. so it is around 6,000. so we haven't been below that for a lot of time. everyone is now all of a sudden maybe to tim's point getting jittery. but i think you would say the market should come in 3 to 5%. it did come in that 3% you could even make the case that the market should come in more from here and you would still feel good about it. >> julie and emanuel were saying the market should come in 13% in the first month of the year. how do you feel? you're not looking at your screen for the next few days at least. >> i'm not going to do much. yeah i don't know i'm sort of looking forward to where we get to talk about earnings again which won't happen until january 15th. that is a vacuum of not a lot of information. but, i don't know. i feel like we have got a lot of

unknowns there we're going to see, and i think they will get a deal tonight and if it drags into tomorrow, we'll see what the top of trump agenda coming in. that is really important i don't know if they start, i wouldn't start with the tariffs right away start with something else. but who knows. >> and let me tell you one thing, bitcoin, powell did not have to come out with that line that the federal reserve doesn't have the permission to buy bitcoin and they're not looking to change that the market read that as extremely bearish over on bitcoin. because you have the federal reserve, that their opinion shouldn't even matter. it's treasury's opinion that should matter. and that is when you see bitcoin cascade lower as well. >> tim, what will you be doing next week, besides decking the halls. >> there is still some ornaments to go on the tree and running around but there is an opportunity, even after the volatility, i think there is still a lot of up seed momentum in stocks that are the biggest companies in the

world. i think there is an opportunity to sell volatility and three and six month vol, i think it is an opportunity because it also gives you an opportunity to trade around a little bit in that first quarter of the year where i think we will get some volatility we have policy dynamics to take hold and i think that january 7 options, i think that were a lot of options tied to that as people look to -- even before elections, they set themselves up where do i want to be positioned through the change of power, et cetera so i hink those are the things that took at but i think, if anything, it is a time to start squaring away themes on both secular and structural and i think they could be defensive with the nastiness in the health care that seem to be the headlines. those are the kind of things you should be doing. >> mike khouw, january 17th, that is before the inauguration. >> january 31st is on my

calendar as far as s&p volatility toward the end of the day i picked up some 30 puts, end calls which are up a little bit. you're showing the vix index it is not as cheap as i would like but to tim's point, the relationship between volatility, the price of options going out three and six months and a lot of the big single stocks relative to index are indeed a little bit rich. so i'm with him there. it is kind of an inside baseball trade to start thinking about trading correlation. but i think that trade actually sets up pretty well. i would want to own the inauguration, though because i think there is some geopolitical stuff that could come out on the back side of that we're not just talking about tariffs, but what is it going to go on in russia and ukraine and things like that we could get some kind of late january surprise on the geopolitical front that i think you want to be prepared for. >> agree with both of these gentlemen. not that i disagree with you but on the options, i've been doing some upside calls taking

the extra premium to buy a put that is closer. >> breaking news in d.c. lawmaker debating the latest stopgap funding bill that could prevent a government shutdown at midnight emily wilkins has the latest from capitol hill. >> reporter: melissa, well how lawmakers are debating a bill that could keep the government funded until march 14th on the house floor. but the big question is we know that republicans are behind this because they all met earlier and most of them agreed to go forward. however, the way that they're bringing this to the floor is going to require strong democratic support and at this point, we don't know where democrats stand. house democratic leader hack eve jeffreys is meeting with democrats now, just a couple of floors below where i'm at and we tried asking lawmakers as they were walking in, i saw whip, catherine clark, number two in the house, and she said that she's going to talk with the caucus and hear members out. she's not planning atht point to

whip yes or no of course, that leaves a big question as to exactly how many lawmakers might wind up signing on to this certainly now that the two-year extension of the debt limit is out, one of the biggest concerns for democrats is no longer a problem. many of them support leaving the government open. and they support that $100 billion in disaster relief and helping out fathers and agriculture workers. but it does remain to be seen. it is quite a bumpy process up here on capitol hill nothing is sure until it is final. but we are expecting to know hopefully by the end of this hour whether or not this bill is going to be able to pass the house and then of course the action goes across the capital to the senate where lawmakers are eager to go home but waiting to see what the house does first. >> emily, thank you. in washington, something we'll be watching closely in the next 7 hours as a shutdown looms. i'm going to ask this question, i don't know the answer to. >> i can't believe that. >> i can't either. >> you usually know the answer. >> either way, because all of --

what is surrounded this debt ceiling stuff with the elon musk tweet is government dysfunction. which is one of the reasons why the u.s. credit rating got downgraded this year and so here we are, on the verge of a shutdown and what happens if we get downgraded again to yields, what do you think because you could make the argument either way, higher or lower. >> it depends who is downgrading. if it is s&p, it is a big deal nothing will feel like it did in august of 2011 when we lost the aaa plus and it seems like the world coming to an end the u.s. is still the most credit worthy government and borrower in the world and in the deepest market, et cetera, et cetera but what we've heard from credit rating agencies is that u.s. politics do matter and they're starting to add matter and and we recite numbers in terms of

percentage to gdp and burdens and where we'll be over the next couple of years and so i think do this is a big deal and the headlines out of the last 48 hours are suspension of limits, for two years, possibly, and again that is at least the headline and that is part of the rhetoric around this deal. i don't think that is going to happen. >> i don't think that happens either i did happen to look, at what companies are rating the same as u.s. debt today. which moody's, i think s&p is aa, small a, and i know there is a different way to say it, but that is apple. excellent credit and if we were to lose that, the next -- that was exxon, which would have been similar rated to if they were to lose that -- another downgrade. so the market will tell us whether it matters or not. if they're able to fund their debt, it doesn't matter. >> there is supposed to be a written rule that organizations are not supposed to have better credit rating than the sovereign. >> here is the sovereign ceiling. >> as they said back in the day,

yes. >> novo nordisk plunging 8% after giving data on the next generation weight loss drug. the drug helping weight loss of 22.7% on average, more than others on the market but short of the 25% expected and just in the last hour the fda approving eli lilly zepbound to treat sleep apnea adding to the gains in the extended session. for more let's bring in evan david segerman cutting the novo nordisk share to 105 great to have you with us. >> thank you for have me. >> it was the side effects, only 57% perceived to the highest dose which could indicate that the hideects were severe so how much does that deem as a viable products. >> it challenges them. i think there was hopes that you got 25, 26%, weight loss

with something similar to zepbound now zepbound is the leading product. you're at apex of tolerability and efficacy and that with zepbound, i think 36% of patients had 25% more weight loss so it is highly efficacious and this is novo's answer to zepbound and now i feel like they're lost. >> and they might be viewed as lost on the oral obesity as well the oral obesity is a large molecule pill which is harder to manufacture than the eli lilly smaller molecule pill. are they losing on that race as well >> potentially. >> as this stands, they don't have the large molecule so they are losing you have -- [ inaudible ] and america just inked a deal for an oral glp 1 i this i they need to get to get into the space there are other small players, we talked about structure on

this program and that could be a viable option for novo nordisk but the fcc could have to clear something like that which could happen in the new administration. >> it is eli lilly's race to lose. >> it is i would say. over the summer i called eli lilly the goat of obesity and that is definitely playing out you have a superior product. you got the approval of 6 million more patients on medicare and more patients on therapy next year. the one issue with lilly is they need a hit 4-q numbers and that is riding on sentiment for the stock. the stock is up 30 some percent year-to-date and novo is down. and so to keep the momentum, they have to have a good 4 q. >> when you look at the classes of drugs, we're talking about weight loss. whether it is 20% or 25%, that is the right area.

is next metric going to be muscle mass? and will other candidates really start entering into the fray >> well, that is a very good point. we've talked about muscle mass and quality of weight loss right now there is no way to get that approved by the fda so we have to have some regulatory updates so what is most important is maintaining the weight, good tolerability, this derailed the novo program and more extended dosing frequency dosing once a month, every other month and that is why they were interested in the other drug. does the stumble prove that the smaller players have a shot in this game either by commercializing a product or being bought because it was thought a week ago that these two big players have such a deep pipeline that the smaller players may not have a place in the race. >> this is thought on i think wednesday when merck bought the free clinical and you saw viking

and structure both down. so yes, there is room for the smaller players. they do need to partner or be taken out completely and that is how a large pharma player that is not in the space, like novo or novo nordisk could catch up. >> who in 2025 do you think will be bought, do you think? >> that is a tough one i think structure established a partnership, that is what they've been saying. i don't cover viking, but i know many who hope viking gets taken out. >> even segerman of bmo. the structure talked about that partnership on "fast money" during obesity week. in terms of eli lilly and the stakes, in october, the horrible sloppy quarter because they couldn't explain what was going on with demand and so that is what he was referring to in terms of the bar is high for earnings, they need to actually have a good earnings

without any questions. >> yeah, i mean, right that demand question was really an issue because we say we don't have problems if they're unable to fill demand is it a sale denied or a sale delayed. hopefully they'll clarify that i don't know if they clarify, does it get back to where it was, that 900 plus i don't know but i am long. >> mike. >> i think the difficulty here, of course, we have the shortage issue and it is funny because you think about it, had we actually seen the fda keep it on the shortage list, that would have spoken to that demand issue, it would have been fighting with the compounders a little bit, but that would have indicated that you still have that sufficient demand as far as health care is concerned. i'm going to step away from names like lilly i think there is a lot priced in for the next 10 years while the patents hold up on the glp-1,

but you're seeing something that is trading sideways, as a group, that includes the hospitals, you're talking about the medical device makers and everybody else in the space and health care is going to grow faster than the economy overall. most forecasts have it around 13% faster growth over the next ten years than the economy is going to grow. and it is kind of hard to see how that as a group doesn't start to play some catch-up after underperforming for a while. coming up, return to sender. fedex giving back all of last night's gains during today can this transport name deliver the goods. and the monster gapes from carnival and royal caribbean and more as investors get hit by the travel bug that is next. >> announcer: this is "fast money" with melissa lee right here on cnbc

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sflo welcome back to "fast money. fedex giving back aft you will gains from last night. up 11% in the opening market shares open up more than 6% but returned the gains throughout the day and close out just in the red. tim, why >> well, i sense that the setup

for the shippers isn't great i think there is pricing and margin pressure, pricing pressure could lead to margin pressure i think the spinoff news was the excitement there this was a noncorp business and it has its own cargo fleet and we wanted to see that. fedex is cheap when you sum of the parts it that explains the move, but you still have to answer to the macro. >> so it is the macro that is pressuring it is not amazon is going to be a major competitor, or is that part of that dynamic. >> look, you tell me ups is down 47% from a peak in february -- >> they also have the union issue which is different than fedex. which has been a head wind if you pull up a five-year chart of both fedex and ups, you see the divergence between the two and -- >> although ups was up today so, no, i guess, i think mike

alluded to this last night, that maybe the full value of the spin was reflected in the after hours numbers and that the spin is really a year plus off so, it seems like a long time to wait now but i did not listen to the call so i don't know if any of the body language wasn't so optimistic about the quarter but they did guide a little lower. >> mike, what do you make of the fade >> yeah, i mean, you know, it is an interesting thing it is obviously less than 10% of the business we're talking about the ltl or lttl, karen, if you feel like the less tan truckload which makes some sense, which is something that occurred to me once or twice before but take a look at the competitors in that space. look at old dominion, that traded poorly today and you're looking at a mature business that doesn't seem like it has a huge mode that is growing at less than the s&p and trading at a premium of 30% less than earnings it is trading 32, 33 times

and i think it is putting scrutiny on those names now that people are looking at the fedex spinoff. i wonder about that whole group actually. >> here is what is coming up next. >> we're in the final stretching buzz 2024 isn't quite over yet from small caps to the titans of mag 7, crypto and beyond, our traders are unveiling their charts of the year but first, cruising highers, cruise lines are trading like the kings of the high seas but is there more smooth sailing ahead. we'll dive in, next. you're watching "fast money" live from the nasdaq market site in times square. we're back right after this. partnering with financial professionals, benefits brokers, and institutions.

welcome back to "fast money. the travel trade continuing to soar airlines higher today and up big over the last three months american, delta and jet blue up double-digits and united up 80%. cruise lines setting sail. rallying around the carnival strong earnings report continuing the strength since the end of the summer. a travel booking company expedia up after the last few months steve, you flagged the cruise

lines. >> i'm been in viking holds since start when they went ipo and it is a smaller issue. the stock is up 80% from when they went ipo. but if you look at norwegian, it is up 34% and royal up 85% and carnival up 80%. and marriott is only up 20% and hyatt only up 20 something percent. it is on board spending and attracting a lower age bracket when you were growing up, how old were people going on cruises. >> retired people. >> they were older people and now it is more of an excursion, it is a family event you go on with your immediate family, your extended family so you go on as groups and you spend more money on excursions it is a cooler thing to do it is an experience. so airline that get you to the cruise crews that are outperforming and hotels that are underperforming.

>> i'm not going to cop to what to do on a cruise. >> you know what your costs are going to be, right so when you're trying to figure out how to navigate and limit your spending because you're pifrmed. >> so your not spending any money once you get on that cruise >> i can't not spend any more money. because you pay for the room and for food >> alcohol too >> no. >> you could buy an alcohol package. >> sounds like steve. >> asking for a friend. >> i have known people that have done that. >> the airlines though, we're just flagging some nice performances. >> it is interesting that both cruise lines and airlines were trades that although there was upside volume, there is all kinds of fits and starts coming back from covid, it took them two to two and a half years to really hit their stride or to be, there has to be a great metaphor, full flight, cruising altitude, but they finally got there and if you think about it with airlines, it is always the story of capacity and the story of discipline and you're always

waiting for the airlines to fall out of bed anybody that is shopping for airline tickets right now, knows they are not falling out of bed. it does seem like the planes are full so from an investor perspective, delta has pulled back 15% from the highs. i think you're probably started to nibble at this weakness. >> mike, how about you >> first of all, the huge ow performance in united was because it had underperformed delta and these things are flying full. so they're in a strong position. and united still trades at a mild discount. but you're getting about a half a turn cheaper on united and they're dealing with the same dynamics so, i like the space but i think united is still actually a decent buy here >> coming up, 2025 is frighteningly close. but we're not done with this year just yet. our traders are unveiling their chart of the year from crypto to energy right after this. >> missed a moment of "fast",

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inflation data but the dow jumping 498 and the s&p up 64 and the north and the nasdaq up about a percent and starbucks has the fourth straight losing streak, the longest since may of 2023. workers at ten stores going on strike and trump media falling after he transferred to an irrevocable trust. and berkshire hathaway upping in serious and occidental and version. and with the last full trading week in the books, we thought we would look at 2024 major flyers. it is time for the traders to lay out what they think is the chart of the year for 2024 steve grasso >> i mean, you have to go, for me, you have to go with miko strategies and if you look at

how it is outperformance with the underlying bitcoin, it is probably a 3 1/2 to 1 outperformance this could be the chart of the week and the month and the year for these purposes. it will continue to be the chart of the year for me. >> are you in micro strategy over bitcoin >> i'm not in micro rategies now. would i rather i probably should be in micro strategies but i don't like it. it burns both ways the 3.5 outperformance to the down side so i would rather be in bitcoin, i know what i'm buying. >> tim. >> my chart is the s&p but the relative under-performance of equal weighted s&p so if you look at what equal weighted as done throughout the year first of all, lows against the s&p, the broadening of the market that we were so excited

about, almost an 8% move in july of equal weighted and value played and the broader market which is since thanksgiving has been a straight nosedive lower so this ratio chart showed you where we started the year. it is 12% of under-performance and we're back to the same 7 or 8 stocks and it is pretty interesting and i would have said a year, i don't think the s&p will be at 36% seven stocks and that is where it is now. if you include broadcom as the eighth stock you're at 36% it is bigger than a year ago so i think it is fascinating that markets have that roller coaster intra year. >> so would you rather, into 2024 25, equal weight or s&p >> i'm going to answer it with the caveat, if i think rates is going higher, i want to own the defensive stocks but i think this is a time to buy the broader market. >> karen, what is your chart. >> it is similar to tim's.

my chart is the mag 7 versus the iwm. so getting to this -- what generated the over performance the mag 7, very strong again after we think about what a big year they had last year and on top of that, to continue with this outperformance and then the iwm, lower rates, maybe not as low as we hoped, but regulatory environment that might be more hospitable to them, mergers for example an the banks doing better it didn't matter it didn't matter and so ultimately, we get, i think, peak divergence at the very end of the year that is surprising to me. >> would you rather, go ahead. >> i wasn't going to ask that question. >> are you going to switch it up. >> i asked that two times in a row. fast forward to mike khouw. >> get ready, mike. >> so steve is picking a chart that looks really interesting to the upside and tim looking one to the down side i guess on a relative basis,

karen too. i'm looking at one going sideways energy has gone sideways it has gone sideways for ten years. if you went back ten years, this is essentially a dead money trade. i am thinking that there might be some opportunity for, you know, a potential rebound this year if we see an up tick in some other areas these don't trade that expensive so i'm look at this for 2025 maybe this is the year. >> coming up, american express cashing in on big gain this is year why this name is at the forefront of the financials and the pinnacle of payment stock news plus you're reasoning out of time to get the final stocking stuffers. tim. christmas is just a few days away and it is time to find out which retail stocks have been naughty and which have been nice more "fast money" in two it's the first iphone built for apple intelligence. that's like peanut butter on jelly...on gold. get four iphone 16 pro on us, plus four lines for $25 bucks.

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low costs and transparent advice, every day, over a million multi-millionaires, trust schwab with more than three trillion dollars of their wealth. ♪♪ >> you're look at a live shot of the house floor where lawmakers are voting on the latest spending bill. it needs 283 votes in favor to avoid a shutdown at midnight tick tock. >> you know what that picture reminds me you know when tarp failed. it was hard to believe. american express set to end the year on a high note, the

credit card company up almost 60% this year. that makes it the third best financial stock in the s&p and puts it far ahead of payment names like mastercard and visa am ex getting a rush in recent days as analysts rush to catch up the target shot of 292 still lower than where it closed today. mike khouw, do you like american express. they have higher income folks who tend to pay their bills in full. >> i felt like management had some miss steps with their affinity cards but seem to have gotten past that but it is trading at less than 20 times forward while i still like mastercard's growth rate better, it is trading 32 plus times forward. so that one is a little bit harder to get your arms around so you have this one at a discount to the broad market growing at least as fast and it doesn't have the same kind of

issue if you have a consumer spending slow down because of the demographic that you just mentioned. >> the demographic, you stated it up. mastercard up 24% and american express up 60% and visa around where mastercard is. and walmart shows us where the business is, the high income family and you look at the home builders and the toll bothers, they cater to a higher affluent of people and american express this saved them. so if the market turns down, it will go down less than the other and boom. >> the knock on american express had been that if business curb their spending an american express gets hurt. what kind of environment do you think we'll be in next year. >> i think the business environment will remain robust if anything, there is more confidence to spend and to maybe spend on some capex, op ex i worry about a stock that has doubled in a year and a half in a world where all we do is talk

about consumer credit. even if it is a more affluent group. could you have the same kind of year you had for last 18 months, it is not that cheap so i don't know if i need to chase. >> the valuation is not terrible it is high for itself historically but they've sort of grown into it, i think. and i think that affluent customer, maybe it is not a business, it is just a -- >> a person. >> a afloont person, they're spending this year, they're going on cruises. >> some of them. some people. >> i would be curious. american express, how much taylor swift business did they do, for real >> really? >> how much did you give them? >> too much. >> across people, not just you. >> and the three of us and there is so much spending that goes alongside with it, the travel. >> if that is the case and the tour is no longer, then

year-over-year are the comps worse? no taylor swift bump. >> i mean, what do you -- mike khouw? >> mike, you're a big taylor swift fan. >> i am not a big taylor swift fan. but holly, absolutely is a big taylor swift fan and she wanted to go and bring the kids but the boys are not really taylor swift fans either. so that plan sort of fell by the wayside. but if she could have found someone else in the family willing to go with her, she would have dropped the american express card on that thing in a heartbeat. >> so you wouldn't go? >> no. >> i mean, dan went in a kelsey jersey >> that is embarrassing. >> i'm not a big concert person to begin with. >> all right coming up, it is the final stretch in the countdown to christmas so what is in store for the retail trade what it could me fanor the group next. and a sneak peek at the cramer cam and jim is speaking

with the agco head more "fast money" in two

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buy one line of unlimited, get one free for a year with xfinity mobile. and see “wicked,” in theaters now. breaking news in the vote on the house funding bill emily wilkins is in d.c. with

the details. >> reporter: we could say that house has enough votes to pass the stop-gap bill that will end the shutdown tonight and continue to fund the government until mid -march nothing is final but they do have the two-thirds support with the democrats coming in to help republicans push this bill over the line once it clears the house, it will go to the senate and the jet fumes are heavy up here. lawmakers want to get home for the christmas holiday. we're expecting the senate to move quickly the house has shown that it was bipartisan and elon musk said that he thought that johnson did the best that he could we'll have more updates when the senate votes but the worse case is a short weekend shutdown and the best case is that lawmakers are jumping their flights before the end of today melissa. >> emily, thank you. all right, christmas in case you didn't know, just four days away so for you last minute shoppers out there, tim, there is only

one weekend left to tick everything off your shopping list among the big retail leaders, victoria secret, build a bear and five below and urban outfitters and ultra beauty. so is there more momentum ahead for retail this is a competed holiday shopping season so maybe this weekend, has even more at stake, karen. >> we talked about this before this compressed and i don't think it matters i know retail say it does. but tim, you always wait >> it is part of the thrive on pressure. >> he's not getting it done. but i would like -- i like retail i feel like the consumers are feeling good if you have assets in the market, you're feeling really good i like ulta and tjx and i like gap. and i have louis vuitton which hasn't been good. >> and i think it is fascinating. the apparel, the names leading for last year, look at decker's again. polkas and uggs and that stock

is not that expensive here so i think it goes higher. >> all right up next, final trades. business. it's not a nine-to-five proposition. it's all day and into the night. it's all the things that keep this world turning. it's the go-tos that keep us going. the places we cheer. trust. hang out. and check in. they all choose the advanced network solutions and round the clock partnership from comcast business. powering more businesses than anyone. powering possibilities.

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it is time for the final trade. before we go around the horn, i want to say best of luck to tyler mathisen who is retired after 27 years at cnbc it has been an honor to work alongside you. >> what a sendoff. >> i was in tears. we'll miss you tyler mike. >> health care is growing faster than the broad economy but the sector is trading cheaper than the srp and i think you could buy xld. >> tim. >> tough time in the spirit space for de aja, i think a brand that has got high brand

power and i think the tom line is starting to grow again. >> karen >> yes, i like the oih which is down for in year but it is -- some of the underlying stocks have made a lot of cash so it is gotten even cheaper. >> steve >> tyler, go luc btc, >> that was a quick retire. >> "mad money" starts right now. my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere. and i promise to help you find it "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends, i'm trying to make you a little money my job isn't just to make you money. i put stuff in context we used to call days like today exquisite moments. those are moments